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☆ Beryl set to strengthen on approach to Texas due to hot ocean temperatures
▼ + stars: | 2024-07-06 | by ( ) www.cnbc.com time to read: +5 min

A view shows damage caused by Hurricane Beryl on Union Island, Saint Vincent and the Grenadines, in this undated handout picture obtained by Reuters on July 5, 2024. Beryl hit Mexico's Yucatan Peninsula as a Category 2 hurricane on Friday, then weakened to a tropical storm. The hurricane center forecasts it will hit as a strong Category 1 storm, but wrote "this could be conservative if Beryl stays over water longer" than expected. "People in southern Texas now need to really keep an eye on the progress of Beryl," Beven said. Beryl set the record for the earliest Category 4 with winds of at least 130 mph (209 kilometers per hour) — the first-ever category 4 in June.

Persons: Hurricane, Saint Vincent, Beryl, Jack Beven, Jeff Masters, Beven, Brian McNoldy, Phil Klotzbach, Kerry Emanuel doesn't, Klotzbach, Rita, Wilma, Dennis, Miami's McNoldy, Albany's Kristen Corbosiero, Masters, hasn't, Corbosiero, Emanuel Organizations: Reuters, National Hurricane Center, Corpus Christi, Masters, University of Miami, Colorado State University, MIT, Colorado State, University, Miami's, Albany's, Nina Locations: Grenadines, it's Texas, Yucatan, Texas, toasty Gulf of Mexico, Brownsville, Corpus, Gulf, Mexico, Caribbean, Gulf of Mexico, Carriacou, Grenada

Great Barrier Reef, Australia CNN —As the early-morning sun rises over the Great Barrier Reef, its light pierces the turquoise waters of a shallow lagoon, bringing more than a dozen turtles to life. CNN witnessed bleaching on the Great Barrier Reef in mid-February, on five different reefs spanning the northern and southern parts of the 2,300-kilometer (1,400-mile) ecosystem. “It’s a die-off,” said Professor Ove Hoegh-Guldberg, a climate scientist at the University of Queensland in Australia and chief scientist at The Great Barrier Reef Foundation. Our destination is Lady Elliot Island, a remote coral cay perched on top of the southern end of the Great Barrier Reef. — Lady Elliot Island Eco Resort Guano miners once stripped Lady Elliot Island of its topsoil.

Persons: Elliot Island, ”, Kate Quigley, “ We’re, Ove Hoegh, I’m, Guldberg, ‘, Elliot, Peter Gash, “, ” Gash, Lady Elliot, ” Peter Gash, CNN Gash, Derek Manzello, Peter Harrison, “ We’ve, ” Harrison, ” David Ritter, ” Ritter, David Wachenfeld Organizations: Australia CNN —, Atmospheric Administration, NOAA, CNN, Minderoo, University of Queensland, Eco, Reef Watch, Southern Cross University, Australian Institute of Marine Science, Greenpeace, Australia CNN Scientists, AIMS Locations: Australia, El, Brisbane, Queensland, Red Sea, Indonesia, Seychelles, Caribbean, Florida, “, New South Wales, Greenpeace Australia, Briggs, Elliot Island

☆ Stocks give up early gains — Here's why a busy week of earnings is good news for investors
▼ + stars: | 2024-04-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. There is nothing markets hate more than uncertainty, which is why stocks struggled to hold onto their early gains. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Morgan Stanley, Goldman Sachs, Charles Schwab bode, Eli Lilly, It's, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Abbott Laboratories, Jim Cramer's Charitable Locations: East

☆ Passengers wake up in the ‘wrong’ country as Storm Isha plays havoc with flight plans
▼ + stars: | 2024-01-22 | by ( Julia Buckley | ) edition.cnn.com time to read: +8 min

CNN —Thousands of airline passengers across Europe woke up this morning at the wrong destination – and even in the wrong country – after Storm Isha caused havoc with flights, with dozens of cancelations, diversions and go-arounds in western Europe. Quintupling flight timesThis flight from Shannon to Edinburgh ended up in Cologne. There were over 100 go-arounds at UK airports, according to NATS, the UK’s air traffic control operator. “We did see some diverted flights leaving Manchester and some diverted to Manchester because of conditions at other airports, particularly Dublin,” they said. London’s Gatwick airport saw 22 diversions, but was able to take five flights diverted from other airports, according to a spokesperson for the airport.

Persons: Storm Isha, Kevin Cullinane, FlightRadar, “ Isha, Steve Fox, “, ”, –, Jerry Dyer, – Dyer, Isha, Jerry, Big Organizations: CNN, Ryanair, Dublin Airport, FlightRadar, Paris Beauvais, Belfast, Dublin, Lufthansa, Cork, NATS, Gatwick, Stansted, Big Jet, Heathrow, Birmingham Airport, London Locations: Europe, Ireland, Dublin, daa, ’, Lanzarote, Canary, Bordeaux, France, Shannon, Edinburgh, Cologne, Manchester, Paris, What’s, Glasgow, Liverpool –, Belfast, Liverpool, Scotland, Germany, Munich, England, Deauville, Stansted, London, Antalya, Turkey, Lyon, Budapest, Cork, Mexico City

☆ Economy to face slowdown in early 2024 so stay in defensive stocks, Wells Fargo's CIO says
▼ + stars: | 2023-12-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors should focus on defensive stocks ahead of an expected economic slowdown in 2024, according to the Wells Fargo Investment Institute. Against this forecast, Cronk added that investors may have to wait until the second half of 2024 before visibility improves and markets meaningfully recover. Wednesday saw stocks climb after two back to back losing sessions for both the Dow Jones Industrial Average and S & P 500 . "The lack of market breadth (along with our expectation for an economic slowdown) suggests late-cycle dynamics are at play, leading us to maintain our defensive positioning entering 2024," he said. Cronk highlighted health care, industrials and materials as three key market segments that fit his suggested defensive investor focus.

Persons: Darrell Cronk, Cronk, Michael Bloom Organizations: Wells, Investment Institute, Wells Fargo Investment Institute, Dow Jones Industrial Locations: Wells Fargo

☆ This 1980s Domino's delivery car looks like a spaceship and you could buy it
▼ + stars: | 2023-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —The 1985 Domino’s Pizza delivery car looks more like it was designed to shoot down invading alien spacecraft than to bring you a hot delicious pepperoni pie. But back in the ’80s, Domino’s founder Tom Monaghan ordered 10 Tritan A2 cars and customized them with warming ovens in the back to deliver pizzas around Ann Arbor, Michigan, where Domino’s is headquartered. The Tritan A2 was designed by engineers James Amick and his son Douglas. Mecum Auctions did not provide a value estimate for the Tritan A2. Domino’s did not respond to questions about the Tritan A2.

Persons: Tom Monaghan, James Amick, Douglas, It’s, crosswinds, Douglas Amick, Chuck Sinnott, Sinnot, ”, Sinnott, “, Domino’s, Dominos Organizations: CNN Locations: Ann Arbor , Michigan, Vegas, California, Monterey

REUTERS/John Sommers II/File Photo Acquire Licensing RightsAug 18 (Reuters) - Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Passenger jets grounded during the health crisis are flying again and bringing their lower-deck cargo space, which competes with dedicated air freighters, back into play. The Florida-based carrier cited "the unyielding and rapidly mounting macro-economic headwinds that plagued the entire air cargo transportation sector starting in late 2022". In June, air cargo experienced the slowest contraction since February 2022, the International Air Transport Association said.

Persons: John Sommers, Xeneta, they're, Peter Sand, we're, Sand, planemakers, Eddy Pieniazek, expective, Pieniazek, Robert, Tim Hepher, Lisa Bartlein, Allison Lampert, Valerie Insinna, Barbara Lewis Organizations: Parcel Service, UPS, REUTERS, Air, Reuters, Western Global Airlines, Japan Airlines, Xeneta, International Air Transport Association, Ishka, Cathay, HK, Boeing, Airbus, Aeronautical Engineers, Thomson Locations: Louisville , Kentucky, Delaware, Florida, China, Asia, United States, Miami

☆ Big box U.S. retailers will have a hard time navigating difficult consumer environment, says analyst
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig box U.S. retailers will have a hard time navigating difficult consumer environment, says analystPaul Allison, senior analyst at Finimize, says they'll have a "difficult time navigating all the different crosswinds that exist right now."

☆ Ferocious Oak Hill Daunts P.G.A. Championship Field, With More to Come
▼ + stars: | 2023-05-18 | by ( Alan Blinder | ) www.nytimes.com time to read: +1 min

PITTSFORD, N.Y. — Scottie Scheffler had, at least in the moment, a share of the P.G.A. Championship lead when he offered a foreboding prediction Thursday afternoon: Oak Hill Country Club, already playing to the point of menace in the first round, would only become more terrorizing. The winds are expected to bluster. And, for good measure, the East Course has been recently restored to bring back the diabolical, century-old wizardry of the architect Donald J. Ross. Rory McIlroy, the four-time major champion, hit two fairways all day as he dueled with crosswinds off the tees.

☆ Stocks slide into Fed mode, shorts stalk banks
▼ + stars: | 2023-05-03 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Overnight, tumbling regional bank stocks (.KRX) dragged the S&P 500 (.SPX) down 1.2% and oil dived more than 5% on fears that shaky bank confidence and signs of weakness in the U.S. job market were harbingers of a looming broader slowdown. Bonds rallied as investors reckoned the Federal Reserve, which sets policy later on Wednesday, will soon be switching from rate hikes to cuts. Among banks, PacWest Bancorp (PACW.O), down 27.8%, Western Alliance Bancorp (WAL.N), down 15.1%, and Comerica Inc (CMA.N) down 12.4%, were the biggest losers. If that happens, focus will be on whether or how hard Fed Chair Jerome Powell pushes back on investors' expectations for rate cuts by year's end. The Australian dollar has given back some of the ground gained on Tuesday, following a surprise rate hike from the central bank, and sat at $0.6670.

☆ A pilot thought his instructor was 'pretending to nap' but the man had actually died inflight
▼ + stars: | 2023-02-22 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

A flying instructor died during a private flight last year, according to a new safety report. The pilot thought his instructor was "just pretending to take a nap," before realizing he was dead. The pilot knew the instructor well and thought he was simply "pretending to take a nap," not realizing what had occurred, the report said. As he failed to garner a response from the instructor, the pilot finally realized something was wrong, according to the report. The Civil Aviation Authority found three previous instances of a pilot suffering a heart attack inflight since 2005, according to the accidents report.

☆ IPG Posts 3.8% Organic-Revenue Growth, Flags Tech-Sector Challenges
▼ + stars: | 2023-02-09 | by ( Megan Graham | ) www.wsj.com time to read: +3 min

Interpublic Group of Cos. reported organic-net-revenue growth of 3.8% for the fourth quarter, saying that growth continued—albeit at a slower pace—despite a more cautious marketing and media environment due to macroeconomic and geopolitical factors worldwide. Net revenue in the fourth quarter of 2022 was $2.55 billion, relatively flat when compared with the fourth quarter of 2021. For all of 2022, IPG reported organic-net-revenue growth of 7%. “As expected, growth slowed in the fourth quarter, consistent with global macroeconomic and geopolitical crosswinds which we are all aware of,” Chief Executive Philippe Krakowsky said on the company’s earnings call Thursday. Earlier this week, IPG competitor Omnicom Group Inc. reported organic-revenue growth of 7.2% for the fourth quarter.

Senate Minority Leader Mitch McConnell, R-Ky., meets with reporters Wednesday after he fended off a challenge by Sen. Rick Scott, R-Fla., and was re-elected as Republican leader. And we turned off a lot of these centrist voters," McConnell said Wednesday. “Much criticism is being placed on the fact that the Republican Party should have done better. House Minority Leader Kevin McCarthy, R-Calif., speaks after he was nominated to be House speaker on Tuesday. “What I hope we learned from this is you can’t win the general election merely because of your base vote.

☆ What Cramer is watching Wednesday — bonds crush us, J&J sets $5 billion buyback, Starbucks raises
▼ + stars: | 2022-09-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Johnson & Johnson (JNJ) announces a $5 billion buyback and affirms adjusted operational EPS of $10.70, or 9.2% growth, for the full year. Club holding Starbucks (SBUX) raises guidance significantly, high single-digit earnings per share and double-digit revenues. Club holding Costco' s (COST) Kirkland doing well by the way but so are branded. Club holding Apple (AAPL) back on its ramp? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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