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☆ Stocks making the biggest moves midday: Instacart, Disney, Planet Fitness, Rackspace and more
▼ + stars: | 2023-09-19 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Instacart — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday, with shares popping about 12.3% and closing at $33.70. Planet Fitness — Shares of the gym franchise slid 4.2% after JPMorgan downgraded the stock to a neutral rating from overweight. The Wall Street firm also upgraded Carnival to hold from sell, sending shares nearly 0.5% higher. Raymond James earlier upgraded Rackspace to outperform from market perform and said it likes the company management's execution.

Persons: TD Cowen, Andrew Charles, George Wang, Evercore, Chris Rondeau, Lab's, Lazard, Goldman Sachs, Raymond James, — CNBC's Brian Evans, Jesse Pound, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Starbucks, Disney, Barclays, Deere, JPMorgan, Bank of America, Truist, Technology Locations: Alhambra , California, Los Angeles, China, New Zealand

☆ Two cruise lines will benefit thanks to 'turbocharged' demand, says Redburn Atlantic
▼ + stars: | 2023-09-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

During the two years of the Covid pandemic, cruise lines lost approximately 80% of their pre-pandemic market capitalization, according to Redburn Atlantic. Strong travel demand, particularly in leisure travel, is at the core of the improved pricing outlook for the cruise industry, according to Brignall. Norwegian has faced partcular challenges thanks to its status as a high-end cruise line with an older customer base, and "more complex, longer cruise product." As a result, the company has been hurt more than other cruise lines by sailing restrictions, but Brignall expects that headwind to get better soon. Both shares have surged this year thanks to the continued recovery in leisure travel, with Carnival climbing 93% and Norwegian by 39%.

Persons: Alex Brignall, Brignall, headwind, Josh Weinstein, — CNBC's Michael Bloom Organizations: Cruise Line Locations: U.S, Norwegian, Europe

☆ Stock Market Today: Dow Closes More Than 300 Points Higher; Arm IPO in Focus
▼ + stars: | 2023-09-14 | by ( ) www.wsj.com time to read: +1 min

Stocks finished Thursday higher, with the Dow rising more than 300 points, after investors shrugged off a slate of hot economic data. Thursday's producer inflation and retail sales reports —along with the CPI yesterday—showed gas prices are driving much of the latest inflationary pulses. The S&P 500, Dow industrials and tech-heavy Nasdaq Composite all rose after a modest performance Wednesday. Bond yields rose as prices fell, pricing in a tad of the hotter-than-expected economic data. Eurozone bond yields and the euro currency fell after the ECB raised rates.

Persons: Stocks, shrugged, Dow Organizations: Dow, CPI, Federal, Overseas, European Central Bank, Officials, Nasdaq, Brent, International Energy Agency, Cruise Lines, ECB Locations: British

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, BJ's, Etsy, Carnival, Blackrock, FedEx & more
▼ + stars: | 2023-09-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Thursday: Bank of America downgrades J.M. "Our prior Buy rating was based on the view that SJM would focus on a more optimized portfolio of core brands, following several years of divestitures of low growth/margin assets. Bank of America reiterates Alphabet as buy Bank of America said it's standing by its buy rating on the stock due to "AI innovation & potentially lower expenses." Bank of America reiterates Blackrock as buy Bank of America said the company is the "leading platform for investing & tech solutions." Goldman Sachs reiterates FedEx as buy Goldman said it's standing by its buy rating heading into earnings next week.

Persons: Morgan Stanley, Wells, JPM, PENN, VIRT, William Blair, Jefferies, MET's, Semtech, Wolfe, TD Cowen, Redburn, BLK, Goldman Sachs, Goldman Organizations: Bank of America, Amazon, Nvidia, NVIDIA, JPMorgan, Apple, Wave7 Research, Deutsche Bank, Penn Deutsche, Penn, Citi, Google, BMO, Jefferies, MetLife, Susquehanna, Blackrock, FedEx

☆ Years in the making, Venice approves a tax on daytrippers
▼ + stars: | 2023-09-13 | by ( Monica Pitrelli | Poonam Binayak | ) www.cnbc.com time to read: +2 min

Venice's city council on Tuesday approved a long-awaited regulation to tax day visitors 5 euros ($5.38) to visit the city. Overnight travelers are exempt, though they're subject to a separate tourist tax implemented in 2011. Why is Venice taxing day visitors? The new tax is an attempt to "protect the city from mass tourism," Luigi Brugnaro, Venice's mayor, posted on X, formerly known as Twitter. The city of Venice currently fines visitors who eat or drink on the ground, sit on monuments and bridges, or swim in its canals, according to the city's website.

Persons: Luigi Brugnaro, overtourism, Tatyana Tsukanova, Tsukanova, Miguel Medina Organizations: EHL Hospitality Business School, Venice, Afp, Getty Locations: Venice's, Venice, Belgium, Lausanne, Switzerland, Bhutan

☆ Trinity Site, where first atomic blast was set off, opens for one day in October
▼ + stars: | 2023-09-12 | by ( Kathleen Bangs | ) edition.cnn.com time to read: +12 min

Trinity Site is the national historic landmark that’s home to mankind’s first nuclear blast on July 16, 1945, where plutonium gamma rays lit up the night sky. A caution sign warns of radioactive materials at Trinity Site in New Mexico back in 2008. The open house event, hosted by the US Army, is free but limited to the first 5,000 guests, on a first-come, first-served basis. Trinity Site’s atmosphere during an open house is reminiscent of a small-town carnival from a bygone era. And on April 6, 2024, Trinity Site again opens for a single day.

Persons: CNN —, “ Oppenheimer, ”, Matt McClain, Jonathan Larsen, J, Robert Oppenheimer, McDonald, Sam Wasson, you’ll, Jim Lo Scalzo, Oppenheimer, “, John Dempsey, brightens, Jim Eckles, Trinity, we’ve, Bettymaya, Patricia Henning, Henning, Karl G, Jon G, Fuller Organizations: CNN, Jornada, Trinity, Washington Post, US Army, White, Manhattan Project, Sipa, AP, Albuquerque, Army, Venture, Jumbo, Alamos National Laboratory, New Mexico Gov, National Security Research, Alamogordo Air Base, Radio Astronomy, Getty, “ SETI, Extraterrestrial Intelligence Locations: New Mexico, New York City, Nagasaki, Japan, Trinity, Hiroshima, Socorro, San Antonio . New Mexico, San Agustin, Mexico

☆ Venice entry fee will start next year
▼ + stars: | 2023-09-06 | by ( Julia Buckley | ) edition.cnn.com time to read: +6 min

CNN —Venice has finally revealed the details for its entrance fee, making it the first city in the world to charge daytripper visitors. But this isn’t a permanent move yet – the Venice authorities have committed to a 30-day “experiment,” according to mayor Luigi Brugnaro, who shared the news on Twitter/X. Daytrippers over the age of 14 entering the “old city” of Venice – the entirety of the lagoon city – will have to pay. Andrea Merola/Bloomberg/Getty ImagesPreviously, Venturini had announced that the entrance fee – which has been discussed since 2019 – would start in January 2023. Venice may be the first city to introduce a fee, but already one village in Italy has introduced a charge for daytrippers.

Persons: we’ll, Stanley Tucci, CNN —, they’re, Luigi Brugnaro, accesso, –, Simone Venturini, ”, Stefano Mazzola, Michele Zuin, Andrea Merola, Venturini, “ Covid, ” Venturini, it’s Ferragosto, Civita, Bagnoregio, Francesco Bigiotti, Venice’s Organizations: CNN, intel, “, Bloomberg, Getty, RAI, UNESCO Locations: CNN — Venice, Venice, Murano, Veneto, Tourism, Italy, ”

The S&P 500 slumped on Tuesday to kick off the first trading day of a holiday-shortened week, weighed by a jump in crude oil prices. The S&P 500 dipped 0.15%, while the Nasdaq Composite hovered near the flatline. Oil prices rose after Saudi Arabia extended its 1-million-barrels per day voluntary oil production cuts. "If you have oil prices moving up that could be inflationary," said Keith Lerner, co-chief investment officer at Truist. Meanwhile, the Dow and the Nasdaq are coming off their best weekly performances since July, while the S&P 500 registered its best week since June.

Persons: Keith Lerner, Goldman Sachs, Adam Turnquist, Sarah Min Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, West Texas, Halliburton, Occidental Petroleum, EOG Resources, American Airlines, United Airlines, Delta Air Lines, Treasury, Dow, LPL Locations: New York City, Saudi Arabia

☆ Big Farms and Flawless Fries Are Gulping Water in the Land of 10,000 Lakes
▼ + stars: | 2023-09-03 | by ( Dionne Searcey | Mira Rojanasakul | ) www.nytimes.com time to read: +19 min

UNCHARTED WATERS Big Farms and Flawless Fries Are Gulping Water in the Land of 10,000 Lakes When Minnesota farmers cranked up their wells in a drought, they blew through state limits. The location of the White Earth Reservation is also shown, in the upper left portion of the map. Cloud St. Paul Minneapolis Rochester Sandy Soils WHITE EARTH RESERVATION Duluth Irrigation Wells St. Cloud St. Paul Minneapolis Rochester Sandy Soils WHITE EARTH RESERVATION Duluth Irrigation Wells St. “There’s a lot of water in this area.”His farm is awaiting approval for two new state permits for irrigation wells.

Persons: Warren, Mike Tauber, they’ve, ”, Trevor Milbrett, Warren Warmbold, “, Mr, Warmbold, Offutt, Ellen Considine, don’t, Carlos Gonzalez, It’s, farming’s, Robert Glennon, John Nieber, Paul Minneapolis, Nieber, White, Jamie Konopacky, Allan Armstrong, Armstrong, Armstrong’s, Austin Tersteeg, Erskine, Tersteeg Organizations: R.D, Offutt, Minnesota Department of Natural, New York Times, Irrigation, Farmers, state’s Department of Natural Resources, United States Department of Agriculture, Department of Agriculture, Star Tribune, Getty, Park Rapids ., University of Minnesota, Twin, Paul Minneapolis Rochester Sandy, Paul Minneapolis, White, Department of Natural Locations: Lakes, Minnesota, R.D, Warren, Minn, Backus, Eagle Bend, United States, Midwest, Park Rapids, In Minnesota, North Dakota, America, Offutt, Twin Cities, Sandy, Duluth, Wells St, Cloud, Paul, Paul Minneapolis Rochester, Austin, Red Lake County

☆ New Chaperones for Labor Day Revelry: N.Y.P.D. Drones Flying Overhead
▼ + stars: | 2023-09-01 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

New York City’s Labor Day revelry will have a new noise this year as the Police Department plans to deploy the remote-controlled, camera-equipped aircraft to monitor large gatherings — even backyard parties — connected to West Indian American Day celebrations in Brooklyn. The plan was announced at a briefing on Thursday in Brooklyn ahead of J’Ouvert and the West Indian American Day Parade, events that honor the region’s diaspora — New York is home to over 600,000 residents of non-Hispanic Caribbean descent. The celebrations commemorate emancipation, but have been the setting of violence in years past, with shootings marring previous events. Both events are set to take place Monday, with J’Ouvert, a predawn carnival procession, kicking off the celebrations at around 6 a.m. in Crown Heights. Efforts to reach the West Indian American Day Carnival Association on Friday morning were unsuccessful.

Organizations: York, Labor, Police Department, West Indian, Association Locations: Brooklyn, J’Ouvert, New York, Crown Heights

Before heading into the second international leg of her ongoing Summer Carnival Tour, the "So What" singer will also embark on a North American Trustfall Tour. Pink's Summer Carnival Tour is already well underway, as the artist kicked off her eighth concert tour in England on February 8. How to get tickets for Pink 2023 concert tourYou can get original tickets to Pink's 2023 concert tour through Ticketmaster. Pink 2023 tour schedulePink still has 10 United States concert dates remaining in her 2023 Summer Carnival Tour. Here's a breakdown of the VIP packages available for Pink's Summer Carnival Tour and Trustfall Tour on Ticketmaster's website.

Persons: we've, Pink, Montréal, KidCutUp, Brandi Carlisle, Pat Benatar, Neil Giraldo, Orlando Brandi Carlisle Organizations: Pink, Ticketmaster, Pink's San, United, San, AZ, Kansas City, KY, FL Locations: American, England, Toronto, Canada, Oceania, Pink's San Antonio, Houston, United States, North America, Philadelphia, Nashville, TN, Antonio, Arlington, TX, San Diego, Inglewood, CA, Las Vegas, Phoenix, Sacramento, San Francisco, Tacoma, WA, Vancouver, BC, Denver, Kansas, York, NY, Indianapolis, Cleveland, Louisville, Charlotte, NC, Miami, Orlando, Philadephia, San Antonio, Paradise, Denver , Kansas City, Montréal , New York City, Cleveland , Louisville, Sunrise, Montréal, Australia, New Zealand

☆ 6 cruise passengers have gone overboard in 3 months. Here's why most ships still don't use detection tech for rescues.
▼ + stars: | 2023-08-31 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. In total, at least five passengers have gone overboard cruise ships this summer, including Hill. The incidents occurred on the cruise ships Carnival Elation, Spectrum of the Seas, Emerald Princess, Mariner of the Seas, and Wonder of the Seas. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Princess, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Hill, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ A passenger went overboard Royal Caribbean's Wonder of the Seas, the largest operating cruise ship in the world at 18 decks tall and 230,000 tons
▼ + stars: | 2023-08-30 | by ( Erin Snodgrass | Hannah Towey | ) www.businessinsider.com time to read: +4 min

A passenger went overboard the massive Wonder of the Seas cruise ship on Tuesday near Cuba. The Royal Caribbean ship is the largest passenger cruise ship currently in service. AdvertisementAdvertisementA passenger went overboard the largest cruise ship in the world on Tuesday, a Royal Caribbean spokesperson confirmed to Insider. The 230,000-ton cruise ship was two days into its seven-day itinerary after it left Port Canaveral, Florida, on Sunday. Overboard incidentsThis is at least the sixth person to go overboard a cruise ship in the past three months.

Persons: Princess, Travis Heggie, CLIA Organizations: Royal, Coast Guard, Morning, Fox, Passengers, Facebook, Royal Caribbean, US Coast Guard, South, Cuban Border Guard, Hurricane Idalia, Cruise, Bowling Green State University, Cruise Lines International Association Locations: Cuba, Royal Caribbean, Miami, South Florida, Port Canaveral , Florida, Florida

☆ In pictures: Notting Hill Carnival
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: 1 min

PicturesIn pictures: Notting Hill CarnivalRevelers take to the street for the Notting Hill Carnival in London.

Organizations: Notting Locations: London

In Louisville, Ky., an influx of Cuban immigrants is offsetting a local population decline and bringing new rhythms to the city. Aug. 26, 2023At the first beats of “La Vida es un Carnaval” on a recent morning, several octogenarians in a senior center abandoned their dominoes, coloring books and crossword puzzles, and showed off their salsa moves. “Uno, dos, tres,” said their instructor, Selen Wilson Guerra, as she warmed them up for class. This was not Havana, or even Little Havana in Miami. It was Louisville, a city best known for bourbon, the Kentucky Derby and Muhammad Ali.

Persons: “, clapped, “ Uno, ”, Selen Wilson Guerra, Muhammad Ali Organizations: Kentucky Derby Locations: Louisville, Ky, Cuban, Havana, Miami, United States

☆ Boston parade shooting: Police say 'multiple victims shot' in Dorchester
▼ + stars: | 2023-08-26 | by ( Samantha Beech | ) edition.cnn.com time to read: +1 min

CNN —At least seven people were injured Saturday morning in a shooting at a Boston parade, police said. The victims were taken to local hospitals with non-life threatening injuries. The shooting occurred during the Jouvert Parade, which is part of the city’s Caribbean carnival, according to Boston Police Sgt. A police spokesperson said “multiple victims” were transported to local hospitals. A spokesperson for the Boston Medical Center referred CNN to police for information on the incident.

Persons: John Boyle Organizations: CNN, Boston Police, Police, Boston Medical Center Locations: Boston, Blue, Talbot, Dorchester

☆ Opinion | Nikki Haley Is the Best Trump Alternative
▼ + stars: | 2023-08-24 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

She was the candidate brave enough to state the obvious truth that Trump took decades of G.O.P. The other candidates assumed the usual conservative postures about cutting taxes and spending, but she introduced the reality: Under Trump, the G.O.P. She seems to be one of the few candidates who understands that to run against Trump you have to run against Trump. Haley, by contrast, seems to believe that voters are intelligent enough to be treated as adults. But if any of my friends and acquaintances want to stop Trump, this is their moment to give Haley her chance.

Persons: Trump, Ron DeSantis, Haley, Saul Bellow, Ramaswamy, Mike Pence, Pence, Reagan, haven’t Organizations: Trump, Republican, hokum, Tea Party

☆ 4 people have gone overboard on cruise ships this summer. Here's why most cruise lines don't use technology that could've helped save them.
▼ + stars: | 2023-08-24 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. At 6:36 p.m. — more than 12 hours after Peale fell overboard — Carnival contacted the Coast Guard, according to the agency. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. Legislation without regulationThe US Coast Guard does not check for man-overboard image capture or detection technology during compliance inspections of cruise ships. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Royal Caribbean's, Princess Cruises, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ The first large cruise ship built in China complete with a water park, a brewery, and 5G will sail this year — see inside
▼ + stars: | 2023-08-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Adora Cruises' first ship, the Adora Magic City, will sail later this year as China's first locally built large cruise vessel. A new Carnival Corp cruise ship will hit the seas later this year. In 2015, state-owned China State Shipbuilding Corp (CSSC), the country's wealth fund China Investment Corp, and the recognizable Carnival Corp set up a contract to create a Hong Kong-based cruise company. A few years later, CSSC's Cruise Technology Development arm and Carnival announced its joint venture: Adora Cruises. But unlike Carnival's eponymous cruise line, Adora Cruises — formerly known as CSSC Carnival Cruise Shipping Limited — will only be servicing the Chinese cruise market.

Organizations: Cruises, Carnival Corp, China State Shipbuilding Corp, China Investment Corp, Corp, CSSC's Cruise Technology Development, Carnival, Adora, Cruise Shipping Locations: Magic, China, Hong Kong

☆ These are the hottest S&P 500 stocks of the summer. Where analysts see them going next
▼ + stars: | 2023-08-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It has been a good summer for the S & P 500 , even when accounting for the August slump. This summer has brought another quarterly earnings season , one interest rate hike and one skip , plus some renewed banking fears. Shares have given up some of the summer gains in August, putting the stock on trend with the broader market's move. Slightly less than one out of every two analysts rate the stock a buy. About three-fifths of analysts rate the stock a buy, with the average price target implying shares could rise more than 6% over the next year.

Persons: FactSet, John Staszak, Jake Fuller, Fuller, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC Pro, Argus Research, CCL, Labor, Petroleum Locations: FactSet

☆ HSBC names 9 global 'unloved stocks' that look cheap and could be about to surge
▼ + stars: | 2023-08-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

HSBC identified nine "unloved stocks" listed on the London Stock Exchange that it says could be poised to surge due to several factors. The investment bank said U.K. markets have started to outperform other global indexes for the first time this year — since the release of the U.K.'s June inflation data on July 18. While the bank's strategists retain their underweight view on the U.K. market overall, they highlighted that London-listed stocks are "unambiguously cheap" on a valuation basis. The bank said the above stocks are FTSE 350 constituents with bottom-quartile consensus ratings indicating a sell or underweight rating. "By definition these screens are not relevant to everyone and should be viewed as a basis for further investigation," the HSBC strategists added in a note to clients on Aug. 15.

Persons: Edward Stanford, Hargreaves, — CNBC's Michael Bloom Organizations: HSBC, London Stock Exchange, of England, FTSE, SPX, HSBC FX, Pennon Group, Unilever

☆ Takeaways from Judge Chutkan’s contentious first hearing in the Trump 2020 election case
▼ + stars: | 2023-08-12 | by ( Tierney Sneed | ) edition.cnn.com time to read: +7 min

As the presiding judge, Chutkan will play a major role in shaping the proceedings in the lead-up to and during the trial. A major throughline of the hearing was her insistence that Trump’s 2024 political campaign could not override the administration of justice in the case. This case is going to proceed in a normal order,” Chutkan said. But many of her rulings regarding the protective order fell in the prosecutors’ favor. Trump’s lawyers were arguing that other individuals, including volunteers, should be able to work through evidence to assist Trump in the case.

Persons: Tanya Chutkan, Jack Smith, Donald Trump, Trump, Chutkan, Smith, Aileen Cannon, Prosecutors, ”, John Lauro, “, Trump’s, …, Lauro, ” Chutkan Organizations: CNN, Trump, Justice Department, Justice, Capitol Locations: Florida, Washington

☆ How to Keep Crowds From Ruining Your Cruise Vacation
▼ + stars: | 2023-08-10 | by ( Jacob Passy | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ ‘U-S-A!’: On the road with thousands of American soccer fans at the World Cup
▼ + stars: | 2023-08-04 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +8 min

The line of fans decked out in their red, white and blue best extends more than halfway down the block. Mike Householder and Suzanne Rivera outside the Morningside Tavern in Auckland, New Zealand on August 1, 2023. Many fans have run into each other at game after game, orchestrating informal meet-ups. For some loyal fans, this is their third, fourth or even fifth World Cup. “I’m sure there is a lot of fans nervous based on what they saw in the group stage,” he said.

Persons: Auckland’s, “, ”, Mike, Suzanne Rivera, “ Cotton, Joe ” blare, Tara Subramaniam, Dave Gunn, they’ve, Nadia Pelayo, ” Nadia Pelayo, There’s, Garvey Daniels, Kristen Pariseau, Gunn, It’s “, it’s, Maggie Gray, Alex Morgan, Hannah Peters, Justin Brunken, Brunken, – Organizations: New Zealand CNN, American Outlaws, Liberty, Portugal, CNN, Radio New Zealand, Morningside, Saints, FIFA, US, Eden Park, Sydney, ”, Outlaws, Auckland Locations: Auckland, New Zealand, Auckland’s Eden, United States, Paul , Minnesota, Canada, Auckland , New Zealand, America, USA, Auckland , New, Wellington, San Antonio , Texas, Texas, Eden, Portugal, Netherlands, California, Georgia, Australia, Zealand, Sweden, Melbourne, Sydney

☆ Betting against cruise ship and hotel stocks backfired and cost hedge funds more than $6 billion, report says
▼ + stars: | 2023-08-04 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Cruise ship stocks have been riding high, defying pessimistic market consensus on the industry. Three of the biggest cruise companies cost hedge funds almost $3 billion in bad bets, per a report. Of this, the three cruise ship companies account for almost $3 billion of the total mark-to-market losses, according to figures from S3 Partners seen by the outlet. Other large short positions in Airbnb and Booking.com have also backfired after those stocks jumped 70% and 44% year-to-date respectively. While cruise stocks still remain below their pre-pandemic valuations, the release of pent-up demand has been a boon to the sector.

Organizations: Service, Financial Times, S3 Partners, Royal, Tech, Nvidia, Tesla, Microsoft Locations: Wall, Silicon, Royal Caribbean, Norwegian, Airbnb

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