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☆ Strong Winds Cause Power Outages, Fan Bushfires in Australia's Southeast
▼ + stars: | 2024-02-13 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

SYDNEY (Reuters) - Tens of thousands of residents across Australia's Victoria state remained without power on Wednesday after wild weather knocked down transmission lines, forcing a major power plant to disconnect from the grid, while strong winds fanned bushfires. AGL's Loy Yang A power station, responsible for about a third of the state's power, had to shut down on Tuesday afternoon impacting half a million properties, which officials said was one of the largest outages in Victoria's history. Some properties were completely destroyed by fire with the exact number to be confirmed after fire crews finish their rescue efforts. Firefighters are battling to contain three bushfires, but better weather conditions could help crews to contain the fires quickly, Heffernan said. Australia's weather bureau forecast milder conditions on Wednesday with temperatures in the low to mid-20 degree Celsius (68°F) and moderate winds, but warned the risk was not over yet.

Persons: AGL's Loy Yang, Clare O'Neil, We've, O'Neil, Jason Heffernan, Heffernan, Renju Jose, Bill Berkrot Organizations: SYDNEY, Mobile, Federal Home Affairs, ABC, Firefighters Locations: Australia's Victoria, Melbourne, Hotham, Victoria's, Victoria, Sydney

SAN FRANCISCO (AP) — California cities and counties still don't know how much they'll have to pay for Gov. Gavin Newsom's pandemic program to house homeless people in hotel rooms after the Federal Emergency Management Agency said in October that it was limiting the number of days eligible for reimbursement. Homeless advocates heralded it as a novel way to safeguard residents who could not stay at home to reduce virus transmission. FEMA agreed to pay 75% of the cost, later increasing that to full reimbursement. Robert J. Fenton, the regional administrator for California who wrote the October letter, told CalMatters, which was first to report on the discrepancy last week, that the policy was not new.

Persons: Newsom's, —, Gavin Newsom, ” Newsom, Robert J, Fenton, CalMatters, ”, Brian Ferguson, Cal OES Organizations: FRANCISCO, —, Gov, Federal Emergency Management Agency, FEMA, Emergency Services, Associated Press, Cal Locations: — California, California

GRAND RAPIDS, Mich. (AP) — Bartender Catey Regis had a pricey misadventure buying a used car recently — an experience that speaks to why voters are worrying about the U.S. economy going into this year's presidential election. “To me, it’s a telltale sign about the economy," Regis explained from a bar stool after her shift. But conversations with dozens of voters around Grand Rapids — a city of 200,000 in one of Michigan’s swing counties — show they're thinking about the economy through their own experiences. Grand Rapids is the seat of Kent County, which backed Trump in 2016 and then flipped to Biden in 2020. To the extent that the economy is doing well, there is little confidence that it is necessarily sustainable.

Persons: Catey Regis, it’s, Regis, Joe Biden, Donald Trump, Biden, Trump, ”, Cameron Brown, “, Scott Thompson, Uber, ” Thompson, Teresa Johnson, Johnson, Nikki Haley, Charles Kroll, he’s, ” Kroll, Arick Davis, Davis, ” Davis, ___ Boak Organizations: Founders Brewing, Toyota Corolla, Republican, Westwood, Trump, Democrat, South, Biden, Census, Chamber, Commerce, Business Locations: GRAND RAPIDS, Mich, U.S, Grand Rapids, Kentwood, East, Ukraine, Caledonia, South Carolina, Grand, Kent County, South East Grand Rapids, Commerce “, Washington

☆ 2 ocean-tech companies are competing in a multimillion-dollar race to find Amelia Earhart's wreckage. One says it may be near the finish line.
▼ + stars: | 2024-02-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +10 min

Read previewThe race is on to find the wreckage of Amelia Earhart's ill-fated final flight. Tony Romeo and his company, Deep Sea Vision, discovered an object of similar size and shape to Amelia Earhart's iconic plane, deep in the Pacific Ocean. Deep Sea VisionRomeo says he may have solved the mystery with his sonar scans. The same aircraft radio receiver used by Amelia Earhart was recreated by Nauticos as they researched Earhart's final transmissions. Deep Sea Vision now leases its equipment to other ocean explorers to continue funding its mission.

Persons: —, Amelia Earhart's, Tony Romeo, Earhart, Fred Noonan, Romeo, he's, we've, there'll, it'll, Lockheed Electra, Nauticos, Jeff Morris, Amelia Earhart, Morris, I'm, David Jourdan, Tony, You'll Organizations: Service, US Air Force, Business, Smithsonian, Lockheed, Lockheed Electra, Coast Guard, Topical Press Agency, Getty Locations: South Carolina, Howland, Hawaii, Australia, Connecticut, Itasca, Howland Island, Norwegian, Kongsberg

☆ El Salvador election results delayed, despite president’s declaration of victory
▼ + stars: | 2024-02-05 | by ( Stefano Pozzebon | Martin Goillandeau | ) edition.cnn.com time to read: +3 min

CNN —El Salvador’s Supreme Electoral Court on Monday said it had asked polling stations across the country to manually record the results of Sunday’s presidential election after electronic transmission of results stopped updating overnight at around 31%. Voters line up at a polling station during general elections in San Salvador, El Salvador, on Sunday. El Salvador now has the world’s highest incarceration rate. El Salvador President Nayib Bukele, left, accompanied by his wife Gabriela Rodriguez, waves to supporters from the balcony of the presidential palace in San Salvador, El Salvador, after polls closed on Sunday. A lopsided win for Bukele would likely give the young leader more leeway to reform El Salvador in his heavy-handed vision.

Persons: CNN — El, Nayib Bukele, Bukele, Moises Castillo, Bukele’s, El, Gabriela Rodriguez, autocrats, ” –, CNN’s David Shortell Organizations: CNN, Sunday, AP, El Salvador, Bukele Locations: San Salvador , El Salvador, El Salvador, American

☆ Eight portfolio moves from Rob Sechan
▼ + stars: | 2024-01-31 | 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 EmailEight portfolio moves from Rob SechanRob Sechan, CEO of NewEdge Wealth, joins CNBC's "Halftime Report" to share his trades on McDonald's, Adobe, eBay, Verisk Analytics, Ping An Insurance Group, KLA Corp, H&R Block, and Allison Transmission Holdings.

Persons: Rob Sechan Rob Sechan Organizations: NewEdge, Adobe, eBay, Ping An Insurance Group, KLA Corp, Allison Transmission Holdings

☆ Nucor CEO explains what led the steelmaking company to its third-most profitable year
▼ + stars: | 2024-01-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Nucor CEO Leon Topalian debriefed the steelmaking company's Tuesday earnings report with CNBC's Jim Cramer, explaining why the company has been especially profitable over the past few years. "This represents the third most profitable year in Nucor's history behind 2022 and 2021," Topalian said in the company earnings call. "In fact, Nucor's combined net earnings over the past three years exceeds the combined net earnings of the last 20 years. This is a testament to the focus and dedication of our team as we execute our strategy to grow the core, Expand Beyond, and live our culture." Topalian said Nucor benefits from a number of government initiatives that boost demand for steel and incentivize domestic manufacturing.

Persons: Leon Topalian, CNBC's Jim Cramer, Nucor, Topalian, Tuesday's Organizations: Biden Locations: North America, U.S, Nucor, United States

Buell died Monday in Sunnyvale, California, where his daughter lived, after battling pneumonia, his daughter Barbara Buell said in an email. “Hal pushed us an extra step,” Adams said in an internal AP newsletter at the time of Buell's retirement in 1997. Buell implemented the transition from a chemical darkroom where film was developed to digital transmission and digital news cameras. He also helped create AP’s digital photo archive in 1997. Buell is survived by his daughter, Barbara Buell, and her husband, Thomas Radcliffe, as well as two grandchildren and a great-grandson.

Persons: — Hal Buell, Buell, Barbara Buell, “, ’, ”, Eddie Adams, Horst Faas, Nick Ut, Hal, ” Adams, Kim Phuc, ” Buell, ” Santiago, ” Lyon, Kennedy, Thomas Radcliffe, Angela, Claudia DiMartino, Mike Schneider Organizations: Associated Press, AP, South Vietnamese Air Force, Northwestern University, Army, “, History, AP Corporate Locations: SUNNYVALE, Calif, Vietnam, Sunnyvale , California, Saigon, New York, ” Santiago Lyon, Tokyo, Chicago, AP's New York, Asia, Hollywood, Iwo Jima, United States, Orlando , Florida

☆ Stocks are the 'asset class of choice' as markets are now used to bad news, strategist says
▼ + stars: | 2024-01-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 29, 2024. One is energy prices — will the trouble in the Middle East be a transmission into higher energy prices, or the war in Eastern Europe? Not really, if you look at how energy prices have developed," he told CNBC's "Squawk Box Europe" on Tuesday. watch nowHe added that markets had "gotten used to trouble in geopolitics" over the last five years, so the impact on asset prices of any further bad news would be somewhat limited. Wittmann acknowledged that risk, but remains bullish about broader upside potential in stocks.

Persons: Brendan Mcdermid, Beat Wittmann, Wittmann, CNBC's Organizations: New York Stock Exchange, Porta Advisors, Federal Reserve, Fed Locations: New York City, U.S, Eastern Europe, Covid, Suez, Israel, Ukraine

☆ At Sundance, a reckoning with our digital selves
▼ + stars: | 2024-01-29 | by ( Thomas Page | ) edition.cnn.com time to read: +11 min

Harper that premiered at this month’s Sundance Film Festival, rapper Kemba enters an electronics store. Sundance is a broad church, but one throughline this year was a reckoning with our digital selves. Courtesy of Sundance InstituteIn the game Steen could be whatever he wanted to be, do whatever he wanted to do. The Sundance Film Festival concluded on January 28. Documentary Competition)“Sujo” (World Cinema Dramatic Competition)“A New Kind of Wilderness” (World Cinema Documentary Competition)Audience Favorite Awards“Daughters” (U.S.

Persons: J.M, Harper, Kemba, “, headspace Harper, Deus, J.M . Harper, Jazmin Jones, Olivia McKayla Ross, Mavis Beacon, Mandela, she’s, Jones, McKayla Ross Gen, we’re, Siri, knotty, L’espérance, feelgood, Thelma, Squibb, Beacon, Yeleen Cohen, ”, Kristin Stewart, Sam, Andy Zuchero, Stewart, Steven Yeun, Déja, Liam, “ Sebastian ”, Mikko Mäkelä, Ruaridh, Mollica, David Nellist, Sebastian, James Watson, “ Ibelin, Benjamin Ree, Mats Steen, Steen, Steen’s, Ibelin . Ibelin, he’d, Ree, Ibelin, Steen's avater Ibelin, It’s, ’ “, Steen –, Sujo, Dìdi ”, Ibelin ”, Kneecap Organizations: CNN, Sundance, Motorola, Sundance Institute, Americans, Iam, AIs, Netflix, Sundance Film Locations: “, Haiti, ”, New York, Norwegian

☆ Rare cases of possible Alzheimer’s transmission uncovered in recipients of discontinued medical treatment
▼ + stars: | 2024-01-29 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +9 min

All five adults had growth hormone deficiency as children and received pituitary growth hormones prepared in a specific way from cadavers. The treatment approach was discontinued after cases of a rare brain disorder called Creutzfeldt-Jakob disease were found to be associated with the administration of contaminated human growth hormone from cadavers. Although Alzheimer’s is not a prion disease, some separate research suggests that the two proteins that are hallmarks in Alzheimer’s disease — amyloid beta and tau — behave like prions. “This study suggests that in very rare circumstances Alzheimer’s disease may be transmitted between humans via human growth hormone from deceased donors. “I’m also intrigued by how these results may inform potential therapeutic targets and strategies in the future,” Isaacson said, regarding Alzheimer’s disease.

Persons: John Collinge, Jakob, Creutzfeldt – Jakob, Alzheimer’s, ” Collinge, ’, –, ” Dr, Susan Kohlhaas, ” Kohlhaas, “ It’s, Dr, Richard Isaacson, ”, Isaacson, “ I’m, ” Isaacson, “, Gargi Banerjee, ” Banerjee, James Galvin, Sanjay Gupta, ” Galvin, Lewy Organizations: CNN, Nature, University College London Institute, University College London, National Hospital for Neurology, Neurosurgery, Alzheimer’s Research, Science Media, Comprehensive, Brain Health, University of Miami Health, CNN Health Locations: United Kingdom, United States, United, Florida, UHealth, Creutzfeldt

☆ Covid Vaccine Hesitancy Took Off This Winter. Can We Fix It? - The New York Times
▼ + stars: | 2024-01-27 | by ( Danielle Ofri | ) www.nytimes.com time to read: +2 min

“It’s time for the flu shot,” I’ll say to my patients, “plus the updated Covid vaccine.” And that’s when the groans start. In the past, the flu shot elicited the most resistance. Health professionals everywhere are hearing this kind of hesitance among patients as Covid cases and hospitalizations have continued to rise during the winter. As of early January, the average number of Americans dying weekly from Covid was over 1,700. And yet, the Jan. 19 Centers for Disease Control and Prevention report indicated that only 21.8 percent of adults 18 and older have received the latest Covid vaccine — less than half of the percentage of those who have gotten the flu vaccine.

Persons: “, ”, Fine, There’s Organizations: New, for Disease Control Locations: New York City, Covid

☆ Sextortion is fastest-growing crime targeting minors in North America – and social media companies can do more to stop it, study finds
▼ + stars: | 2024-01-27 | by ( Lora Kolodny | ) www.cnbc.com time to read: +11 min

NCRI, a nonprofit, found cybercriminals used the social apps Instagram, Snapchat and Wizz to find and connect with their marks. And social media platforms should include a distinct category to report sextortion — as Snapchat did in early 2023. Parents and educators should "combat the belief that photos sent on Snapchat disappear, which can create a false sense of security," the NCRI study recommends. The NCRI study also strongly criticized Wizz, concluding: "Sextortion on Wizz is pervasive and dangerous. Apple's App Store and Google Play can also help, the NCRI study suggested, by carefully monitoring complaints about sextortion associated with social media apps, and enforcing their existing policies.

Persons: cybercriminals, Wizz, Paul Raffile, Alex Goldenberg, TikTok, Scribd, sextortion, Snapchat, Goldenberg, screenshotted, General Raúl Torrez, Mark Zuckerberg, Meta, — Kevin Collier, Ben Goggin Organizations: Yahoo, Network, Research, FBI, Yahoo Boys, NBC News, CNBC, NBC, Secret Service, Facebook, YouTube, Meta, gov, National Center for Locations: North America, Australia, West Africa, Michigan, Wizz, New Mexico, U.S

Culture issues, ineptitude and poor leadership at General Motors' Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that have plagued the company since October, according to the findings of a third-party probe. Results of the investigation, which reviewed whether Cruise representatives misled investigators or members of the media in discussing the incident, were published Thursday in a 105-page report. "This conduct has caused both regulators and the media to accuse Cruise of misleading them," the report stated. Quinn Emanuel, the business litigation firm that Cruise retained to conduct the three-month investigation, interviewed 88 Cruise employees and reviewed more than 200,000 documents, including emails, texts, Slack messages and more. The firm is known for representing high-profile celebrities and business owners, including Tesla CEO Elon Musk.

Persons: Cruise, Quinn Emanuel, Slack, John Potter, Quinn Emanuel Urquhart, Elon Musk Organizations: General Motors, Cruise, CNBC, Sullivan, Tesla Locations: Cruise, San Francisco

☆ Some states are loosening their Covid isolation guidelines, shifting away from CDC recommendations
▼ + stars: | 2024-01-23 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +8 min

Oregon changed its isolation policy in May when the Covid-19 public health emergency lifted, and California followed suit earlier this month. The recent order from the California health department notes that the potential infectious period spans from two days before through 10 days after symptoms or a positive test. Less restrictive isolation policies could allow people to feel more comfortable with testing, which could prompt them to get treatment or feel more comfortable taking other protective measures. Dr. Dean Sidelinger, Oregon’s state health officer, said that equity was a key factor considered in the decision to change isolation policy in the state. Public health policy decisions are rarely black-and-white, experts say, and weighing tradeoffs can be more of an art than a perfect science.

Persons: Tomás Aragón, ”, Jennifer Nuzzo, we’re, Dan Barouch, Sarita Shah, Dean Sidelinger, ” Barouch, –, ” Nuzzo, Shah, Dr, Sanjay Gupta, you’re, ” Shah, “ Organizations: CNN —, US Centers for Disease Control, California Department of Public Health, CDC, Pandemic, Brown University School of Public Health, Center, Virology, Vaccine, Beth Israel Deaconess Medical, Emory University, Get CNN, CNN Health Locations: California, Oregon, COVID, hospitalizations, Covid

A 32-page lawsuit filed on Jan. 17 in U.S. District Court in Tucson, Arizona, accuses the U.S. “The San Pedro Valley will be irreparably harmed if construction proceeds,” it says. Political Cartoons View All 253 ImagesSunZia Wind and Transmission and government representatives did not respond Monday to emailed messages. The transmission line also is being challenged before the Arizona Court of Appeals. The court is being asked to consider whether state regulatory officials there properly considered the benefits and consequences of the project.

Persons: Pedro “ Arizona’s, Joe Biden's, Work, Verlon M, Jose, SunZia, ____ Ritter Organizations: —, U.S . Interior Department, Land Management, Western Apache, Energy, San Carlos Apache, Center for Biological Diversity, U.S, U.S . Defense Department, Work, San, Tribal, of Appeals Locations: ALBUQUERQUE, N.M, Arizona, California, U.S, Tucson , Arizona, Pedro Valley, Zuni, Western, New Mexico, San Pedro Valley, Tucson, San Pedro, ”, U.S ., Redrock, Las Vegas , Nevada

Cameroon will be the first country to routinely give children a new malaria vaccine as the shots are rolled out in Africa. Gavi said it is working with 20 other African countries to help them get the vaccine and that those countries will hopefully immunize more than 6 million children through 2025. Political Cartoons View All 253 ImagesCameroon will use the first of two recently approved malaria vaccines, known as Mosquirix. That vaccine is cheaper, requires three doses and India’s Serum Institute said they could make up to 200 million doses a year. Neither of the malaria vaccines stop transmission, so other tools like bed nets and insecticidal spraying will still be critical.

Persons: Aurelia Nguyen, Gavi, Gavi's Nguyen Organizations: World Health Organization, GlaxoSmithKline, GSK, Oxford University, WHO, Serum Institute, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Cameroon, Africa, Central Africa, Oxford

☆ This could be the next big investing trend in AI. How UBS says to play it
▼ + stars: | 2024-01-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Edge AI, or AI at the edge, refers to the utilization of AI in edge computing, and its growth should have an immense effect on the technology world over the next few years. Given this outlook, Abrams named some of the top companies across technology sectors situated to benefit from AI at the edge. UBS projects more upside ahead, viewing both stocks among the top semiconductors as best situated to benefit from Edge AI. Memory chipmakers also look poised to benefit from Edge AI as devices on the edge require more computing power. But the company has been on the uptrend as demand rebounds, AI server demand booms and commercial customers begin deploying AI PCs later this year and into 2025.

Persons: Randy Abrams, Abrams, chipmakers, bode, Alibaba Organizations: UBS, Devices, Nvidia, AMD, Edge, Micron Technology, Micron, Dell, Microsoft, Arista Networks Locations: chipmakers

☆ ECB's de Galhau says monetary tightening has been more successful than expected
▼ + stars: | 2024-01-16 | 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 EmailECB's de Galhau says monetary tightening has been more successful than expectedGovernor of the Bank of France, François Villeroy de Galhau, discusses the potential for interest rate cuts and the transmission of monetary policy.

Persons: Galhau, François Organizations: Bank of France

☆ GM’s 655-horsepower hybrid Corvette is a magnificent missed opportunity
▼ + stars: | 2024-01-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

Vernon, New Jersey CNN —General Motors is very clear that its engineers didn’t create the Chevrolet Corvette E-Ray, the first hybrid Corvette, to save gas. Instead they wanted to make an all-wheel-drive Corvette, and the best way to do that was simply to attach a powerful electric motor to the front wheels. Unlike in a Toyota Prius, or almost any other hybrid, the E-Ray’s electric motor almost never drives the car on its own. For that, GM offers the lighter and more powerful Corvette Z06, with its high-revving 670-horsepower V8 and no electric motor. Instead, GM has focused on fully electric technology and, before too long, there will be a fully electric Corvette.

Persons: Ray, it’s, I’ve Organizations: Vernon , New Jersey CNN —, Chevrolet, GM, Toyota Prius, Lamborghini Locations: Vernon , New Jersey, New York , New Jersey

☆ U.S.’s Biggest Renewable Project Is Under Way, Finally
▼ + stars: | 2024-01-13 | by ( Scott Patterson | ) www.wsj.com time to read: 1 min

A site of the SunZia wind-farm project in New Mexico in May 2023. Photo: Adria Malcolm for The Wall Street JournalA wind and power transmission project, called the largest of its kind in the country, has raised $11 billion in financing, kicking off a year when many utilities are expected to step up much-needed spending on the power grid. Pattern Energy Group has started construction on its SunZia project, a wind farm in central New Mexico, where more than 900 wind turbines will generate over 3,000 megawatts of clean energy. A 550-mile transmission line will bring the power to some three million people in Arizona and California.

Persons: Adria Malcolm Organizations: Wall, Energy Locations: New Mexico, Arizona, California

☆ Sanctioned Western tech is still entering Russia and powering its military machine, new analysis shows
▼ + stars: | 2024-01-11 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Russia is still obtaining large volumes of Western technology critical to its war in Ukraine, even as sanctions show some sign of taking hold, new analysis shows. Moscow imported more than $22 billion worth of critical components between January and October 2023, Russian trade data shows. Over the same period, it also imported almost $9 billion worth of "high-priority" battlefield components, which Western authorities have specifically sanctioned. The report's authors said the data suggests that some export controls are working, and that Russia has been unable to find reliable substitutes for many Western components. Zelenskyy did not provide evidence for his assertion, and Russia has separately said that its production of military equipment has stepped up.

Persons: —, Russia —, Bilousova, Volodymyr Zelenskyy, Zelenskyy Organizations: United Arab, KSE Institute, Russia, CNBC Locations: Russia, Ukraine, China, Hong Kong, Turkey, United Arab Emirates, Western, Japan, South Korea, UAE, Moscow

☆ Elon Musk's X to launch peer-to-peer payments this year
▼ + stars: | 2024-01-09 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Elon Musk's social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year, according to a Tuesday blog post. X said the payments will unlock "more user utility and opportunities for commerce" as the platform works to "revolutionize 2024." The blog post did not offer specific details about how the payments will work or when they will officially launch. According to the Nationwide Multistate Licensing System website, X Payments LLC — the payment subsidiary of X — has only obtained money transmission licenses in 14 states so far. Introducing peer-to-peer commerce to the platform would mark the latest sweeping change at X since Musk acquired the company for $44 billion in late 2022.

Persons: Elon, Twitter —, X, —, Musk Organizations: SpaceX, Twitter, New York Times, X, eToro Locations: New York City

☆ Will air fares remain high in 2024? Here's what experts say
▼ + stars: | 2024-01-08 | by ( Monica Pitrelli | Jonathan Delise | ) www.cnbc.com time to read: +5 min

"After recent rises in fares, we should expect a modest price correction in some markets in 2024, although underlying pricing should generally remain strong," it said. However, Amex GBT's "Air Monitor 2024" is expecting only international airfares to drop in 2024 — notably for flights between North America and Asia. BCD Travel Travel Market Report 2024 OutlookTravelers in the U.S. may see some savings. The travel company Hopper expects fares in the U.S. to drop — at least for the first six months, according to its "2024 Travel Outlook" report. However, IATA also stated that the industry faces considerable challenges, from customer competition and high operating costs to government regulations.

Persons: Amex, —, Hopper, John Grant, Who's, Willie Walsh Organizations: International Air Transport Association, Global, GBT Consulting, FCM, Travel, GBT's Air Locations: Asia, North America, U.S, Europe, Ukraine, Gaza, Pacific, India, China, America, Mexico Africa

☆ These factors could lift dividend-paying stocks in the first half of 2024, Barclays says
▼ + stars: | 2024-01-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The utilities sector suffered so much in 2023, that it's due for a snapback in the new year, according to Barclays. They also made the stocks' dividend payments less attractive compared to the risk-free yields on Treasurys. But now these stocks are priced to move, according to Barclays analyst Nicholas Campanella. "We still like the stock," Barclays said, pointing to upside to consensus earnings per share as one of the factors behind its call. Duke offers a dividend yield of 4.2%, but 12 out of the 20 analysts following the stock rate it a hold, per LSEG.

Persons: Nicholas Campanella, XLU, Campanella, Evergy, — CNBC's Michael Bloom Organizations: Barclays . Utilities, Barclays, SPDR, Fed, Electric Power, Dominion Energy, E Corporation, Duke Energy, Duke Locations: Kansas, Kansas City

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