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☆ Meet the ex-Googler joining Goldman Sachs to build tech and cut costs for its investment banking and trading business
▼ + stars: | 2024-09-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

As the incoming global head of technology engineering for Goldman Sachs' global banking and markets division, the ex-Googler will run the engineering team for Goldman's investment banking and sales and trading units. And lots of different challenges in the space given how much is being invested in this particular business," Goldman told Business Insider, referring to efforts to build systems that can handle the firm's anticipated growth in a compliant and resilient way. Goldman Sachs' core business of advising companies through mergers, acquisitions, and raising capital, has come under the spotlight recently as investment-banking activity continues to be slow. AdvertisementWith an anticipated decline in trading volumes across Wall Street, Goldman's sales and trading business will continue to lean on technology to win market share among institutional investors. During her first stint at Goldman, she managed various tech teams and was named managing director in 2008.

Persons: Melissa Goldman, Goldman Sachs, Goldman, she's, couldn't, You've, I'm, I've Organizations: Service, Goldman, Google, JPMorgan, Wall, Big, Bank of America Locations: Wall, Bermuda, Big Tech

☆ These are the stocks that do best immediately after the first Fed rate cut of a cycle
▼ + stars: | 2024-09-18 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

The Federal Reserve is expected to make its first rate cut in just a few short hours, so CNBC Pro took a look at what stocks historically do best immediately after the start of an easing cycle. CNBC Pro searched for the stocks set to gain the most following a Fed rate cut, using data from prior easing cycles going back to 1984. Historically, Apple is up about 16% on a median basis three months after an initial cut from the Fed. Technology names tended to do well immediately after a Fed rate cut, with digital storage company Western Digital the top-performing stock, and semiconductor equipment company Lam Research the second-best performing one. Three months after a Fed rate cut, Western Digital gained more than 26% on a median basis, while Lam Research advanced more than 22%.

Persons: — Organizations: Federal, CNBC Pro, Dow Jones, Apple, Western Digital, Lam Research, Kroger

☆ A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades
▼ + stars: | 2024-09-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members. Fed governor Michelle Bowman dissented, marking the first split by a central bank governor since 2005. Bowman advocated for a smaller, 25 basis point cut. Federal Reserve Governor Michelle Bowman dissented, advocating for a smaller, 25 basis point cut as the committee opted for a large, 50 basis point cut. Bowman's dissent marks the first time a central bank governor has strayed from consensus on an interest rate decision since 2005.

Persons: Michelle Bowman, Bowman, — Organizations: Service, Federal, Business

☆ European markets set for lower open as investors weigh UK inflation data
▼ + stars: | 2024-09-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Italy's FTSE MIB meanwhile was set to fall by around 39 points to 33,784. LONDON — European markets were headed for a lower open on Wednesday as investors considered key data from the region and looked to the U.S. Federal Reserve interest rate decision. In Europe, U.K. inflation figures for August were published Wednesday, coming in at 2.2% according to data from the Office for National Statistics. The data comes ahead of the Bank of England meeting and interest rate policy decision scheduled for later this week. The Fed is all but guaranteed to announce an interest rate cut on Wednesday, which would be its first since it started hiking rates in March 2022.

Persons: Germany's DAX Organizations: CAC, LONDON, U.S . Federal, Office, National Statistics, Bank of England, Bank of Japan, U.S . Federal Reserve, Traders Locations: Europe, Asia, Pacific

☆ The Fed forecasts lowering rates by another half point before the year is out
▼ + stars: | 2024-09-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank has two more policy meetings to do so. Through 2025, the central bank forecasts interest rates landing at 3.4%, indicating another full percentage point in cuts. Through 2026, rates are expected to fall to 2.9% with another half-point reduction. The central bank lowered the federal funds rate to a range between 4.75%-5% on Wednesday, its first rate cut since the early days of the Covid pandemic.

Persons: Jerome Powell Organizations: Federal, Committee, Federal Reserve Locations: Washington , U.S

☆ How Fed rate cuts affect the global economy
▼ + stars: | 2024-09-18 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +4 min

The Federal Reserve's interest rate decisions can influence the trajectory of the U.S. economy. Changes to the Fed's interest rate can influence the cost of loan products such as mortgages and the value of cash, bonds and stocks. The Federal Reserve's decision to cut interest rate comes after months of shaky labor market data in the U.S. Fed decisions can also impact foreign exchange markets given their effect on the value of U.S. dollars, the global reserve currency. Economists at the Fed write that China's central bank has managed the value of the yuan to help the country achieve its goals on trade.

Persons: Gregory Daco, Federal Reserve Board they're, Reena Aggarwal, they've, Freya Beamish, Beamish Organizations: Federal, Market Committee, International Monetary Fund, U.S, European Central Bank, IMF, Federal Reserve Board, Georgetown, Psaros, CNBC, People's Bank of, Federal Reserve, TS Lombard Locations: U.S, EY, United States, People's Bank of China, China

☆ Champions League Tuesday takeaways: Bayern Munich and Endrick make history
▼ + stars: | 2024-09-18 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —The Champions League returned on Tuesday with a bang. Bayern beat Dinamo Zagreb of Croatia 9-2 at Allianz Arena, becoming the first team in Champions League history to score nine goals in a single match. “What were my chances of setting foot even in the Premier League, playing in the Premier League, winning something as a player, playing for the national team? Kylian Mbappé opened his Champions League account for Real, scoring just after half-time before Deniz Undav equalized for the German side. It was the first game in Champions League history to feature five US players, per Goal.com.

Persons: Vincent Kompany, Striker Harry Kane, Michael Olise, Frenchman, Thierry Henry, Raphaël Guerreiro, Leroy Sané, Leon Goretzka, Daniel Kopatsch, Kompany –, Premier League –, “, ” Kompany, “ I’m, ”, Frank Hoermann, SVEN SIMON, Kylian Mbappé, Deniz Undav, Antonio Rüdiger, Endrick’s, Raúl, Carlo Ancelotti, ” Ancelotti, “ Endrick, Endrick, Thomas Coex, Weston McKennie, McKennie, Tim Weah, Malik Tillman, Richard Ledezma, Ricardo Pepi, Christian Pulisic, Pulisic’s, Ibrahima Konaté, Virgil van Dijk, Dominik Szoboszlai, Zeno Debast, Viktor Gyökeres ’, Angel Gomes, Debast’s, Gualter Fatia Organizations: CNN, Champions League, European soccer’s, Bayern Munich, Bundesliga, Bayern, Dinamo Zagreb, Allianz Arena, UEFA, Anorthosis Famagusta, League, Borussia Dortmund’s, Legia Warsaw, English, Burnley, Premier League, Real, Real Madrid, Blancos, Stuttgart, Getty, American, Juventus ’, PSV Eindhoven, Juventus, PSV, AC Milan, Liverpool, San, Sporting CP’s, Lille, Sporting, Sporting CP, PSV Eindhoven Young Boys, Aston Villa Bayern Munich, Dinamo Zagreb AC Milan, Liverpool Real Madrid, VfB Stuttgart Sporting CP Locations: European, Croatia, Brussels, Congo, Belgium, Madrid, AFP, San Siro, Milan, Lisbon, Lille, Debast

☆ So, the Fed cut rates? It’s still not the best time to buy a house
▼ + stars: | 2024-09-18 | by ( Jon Sarlin | ) edition.cnn.com time to read: 1 min

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☆ Former Fed Vice Chair Richard Clarida: Sticking with our call of a 25 basis point cut today
▼ + stars: | 2024-09-18 | 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 EmailFormer Fed Vice Chair Richard Clarida: Sticking with our call of a 25 basis point cut todayRichard Clarida, PIMCO global economic advisor and former Federal Research Vice Chairman, joins 'Squawk Box' to discuss the Fed's policy meeting this week, what to expect from the central bank's interest rate decision today, state of the economy, and more.

Persons: Richard Clarida Organizations: Former, Federal Research

☆ Fed Chair Powell: We don't need to see further loosening in the labor market to get inflation to 2%
▼ + stars: | 2024-09-18 | 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 EmailFed Chair Powell: We don't need to see further loosening in the labor market to get inflation to 2%Federal Reserve Chair Jerome Powell takes questions from reporters after announcing that the Central Bank has lowered interest rates by half a point, its first cut since 2020.

Persons: Powell, Jerome Powell Organizations: Central Bank

☆ Apple could fall to $200 on iPhone worries and that's when you buy, says Morgan Stanley
▼ + stars: | 2024-09-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Concerns about iPhone 16 lead times could send Apple shares lower in the near term, according to Morgan Stanley. This has led to the stock underperforming by an average of five points in the three months following an iPhone launch. "What will matter most over the next 10 days is the trajectory of iPhone 16 lead times, as historically iPhone lead times elongate through the first in-store availability date (Friday, September 20th) before gradually trending lower in the weeks thereafter," the analyst wrote in a Wednesday note to clients. "Therefore, a more sustained elongation in iPhone 16 lead times from today should be viewed positively, while a sharp reversal in iPhone 16 lead times after Friday would likely indicate a greater risk of negative iPhone build revisions." With 48 analysts covering the stock, 36 of them have a strong buy or buy rating, while 11 are neutral.

Persons: Morgan Stanley, Erik Woodring, Woodring, Wall Organizations: Apple

☆ Fed meeting live updates: Fed set to cut rates — but market reaction may depend on size of move
▼ + stars: | 2024-09-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

The Federal Reserve is expected to make its first cut to interest rates on Wednesday after more than two years of tight monetary policy. That is up from 4.29% during the week of March 11, 2022, just prior to the Fed kicking off its first hike. Home equity loans have also become more expensive, with rates rising to 8.49% as of last week, compared to 5.96% back in March 2022, according to Bankrate. The Fed's tight policy has provided a silver lining to savers, however. The annual percentage yield on a five-year certificate of deposit has jumped to 2.87%, up from 0.5% in March 2022, according to Haver.

Persons: Bankrate, Haver, — Darla Mercado, Nick Wells Organizations: Federal, Mortgage News, Fed

☆ Citi's Veronica Clark on why she expects a 125 basis points reduction this year
▼ + stars: | 2024-09-18 | 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 EmailCiti's Veronica Clark on why she expects a 125 basis points reduction this yearVeronica Clark, Citi economist, joins 'Squawk Box' to discuss the Fed's interest rate decision today, what to expect from the central bank's policy meeting, why she expects rate cuts to total 125 basis points this year, and more.

Persons: Veronica Clark Organizations: Citi

☆ Musk’s X skirts Brazil ban and returns to some users with change to server access
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: +5 min

Some Brazilian users reconnected with X on Wednesday despite the Supreme Court's recent nationwide ban, the result of the social network apparently changing the way its servers are accessed. That rendered X effectively inaccessible in the country until Wednesday, with AP journalists among those who had access. It acts as a proxy between users and X's servers, filtering traffic and preventing the original Internet Protocol (IP) address from being recognized, Diogenes told The Associated Press. Former president Jair Bolsonaro celebrated the return of the social network. Some Brazilian X users trumpeted the platform's return — with several addressing de Moraes directly, vowing that they weren't using a VPN.

Persons: Alexandre de Moraes, X, Elon Musk, Pedro Diogenes, Diogenes, Anatel, de Moraes, Cloudflare didn't, Musk, hadn't, Jair Bolsonaro, Bolsonaro, Cloudflare, David Nemer, Nemer, Bluesky, De Moraes, Rafael Mafei, Mafei Organizations: Elon, CLM, Associated Press, AP, Nazi, University of Virginia, University of Sao, SpaceX Locations: Brazil, Charlottesville , Virginia, San Francisco , California, University of Sao Paulo

☆ Watch CNBC's full interview with Carlyle CEO Harvey Schwartz
▼ + stars: | 2024-09-18 | 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 EmailWatch CNBC's full interview with Carlyle CEO Harvey SchwartzCNBC’s Leslie Picker and Carlyle CEO Harvey Schwartz join 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, central bank's monetary policy, rate path outlook, state of private equity, Carlyle's private credit strategy, and more.

Persons: Carlyle, Harvey Schwartz, Leslie Picker

☆ Gen Z's love of discount stores could send these 3 retail stocks soaring as much as 18%, Bank of America says
▼ + stars: | 2024-09-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Millennials and Gen Z are increasingly shopping at discount stores like TJ Maxx, Burlington, and Ross. AdvertisementGen Z wants more bang for their buck, and their love of a good deal could drive shares of some discount retailers up nearly 20%, Bank of America says. AdvertisementThe report from BofA on Wednesday attributes the rise in popularity among discount stores to inflation weariness. The analysts see Burlington and Ross Stores shares rising 16% and 18% from Wednesday highs, respectively. "Off-price has attracted the customer, helped by the quest for value amidst persistent multi-year inflation pressures," Bank of America's analysts wrote.

Persons: Millennials, TJ Maxx, Ross, —, Ross . Younger Organizations: Service, Bank of America, TJ Maxx, Goods, Burlington, Ross Stores, Bank of Locations: Burlington, Millennials, BofA

☆ Rate cuts are good for dividend stocks. Here's where we stand on our 5 biggest payers
▼ + stars: | 2024-09-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

We have a handful of them in the Club's portfolio, led by Best Buy . The five Club stocks with the biggest dividend yields fit the bill: Best Buy, Morgan Stanley , Coterra Energy , Stanley Black & Decker and Wells Fargo . Best Buy, Stanley Black & Decker and Wells Fargo are the best positioned of the five top-yielding Club stocks. "Morgan Stanley is now in no man's land: Too low to sell, too high to buy," Jim said. Customers look at appliances for sale at a Best Buy store in Miami, Florida, Oct. 8, 2021.

Persons: we're, Morgan Stanley, Stanley Black, Decker, Wells, Wells Fargo, Jim Cramer, Jim, Charlie Scharf, Coterra, it's, Jim Cramer's, Joe Raedle Organizations: Best, Coterra Energy, BBY, JPMorgan, Texas, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Wells Fargo, Miami , Florida

☆ How to make the Fed rate cut work for you
▼ + stars: | 2024-09-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +11 min

In its August survey of car shoppers, a majority (64%) said a Fed rate cut likely would affect the timing of their purchase. But here’s the thing: Car loan rates are pretty high — the average is 7.1% for new cars and 11.3% for used cars, according to Edmunds. If you do buy a home this year and are considering buying down points to reduce your mortgage rate, crunch some numbers first, Diodato advised. That’s because you will pay thousands of dollars to buy down your mortgage rate now, and then thousands more in fees to refinance. What to do if you’re not near retirement: Reconsider how much money you’re keeping in cash or cash-equivalent investments.

Persons: Jerome Powell, Powell, “, ”, Greg McBride, McBride, Chris Diodato, Jessica Caldwell, ” McBride, Caldwell, We’re, Diodato, you’ll, won’t, Kathy Jones, Jones Organizations: CNN, Federal Reserve, Bankrate.com, Fed, Treasury, FDIC, Schwab Center, Financial Research, AAA, Bond Locations: Edmunds, Schwab.com

☆ London Fashion Week has plenty to celebrate on its 40th anniversary
▼ + stars: | 2024-09-18 | by ( Fiona Sinclair Scott | Leah Dolan | ) edition.cnn.com time to read: +15 min

London CNN —Against the backdrop of a challenging economic outlook for many brands — big and small — the 40th anniversary of London Fashion Week last week was certainly a time for reflection. Even Carly Marks, founder of avant-garde New York label Puppets and Puppets, chose London this season. But all eyes were on Burberry, undoubtedly the biggest brand on the London Fashion Week schedule, yet one that has been battling against sharply declining profits. To see the best bits of London Fashion Week, keep scrolling. Talia ByreErdem Jason Lloyd EvansSophistication, elegance and femininity were key themes at TOVE's third show at London Fashion Week.

Persons: Jonathan Anderson, JW Anderson, ”, Anderson, Victoria Beckham, Christopher Kane, Halpern, Molly Goddard, Rejina Pyo, hasn’t, David Koma, Daley, Queen Elizabeth II, Daley didn’t, Harry Styles, Anna Wintour, Emma Corrin, Nensi Dojaka, Carly Marks, Daniel Lee’s, It’s, Talia Byre, Sinead O’Dwyer, Ancuta Sarca, Paolo Carzana, Simone Rocha, Aaron Esh, Richard Quinn, Adonis, Di, Simone Rocha mused, Olsen, Chopova, JW Anderson Girliness, Simone Biles, Jordan Biles, Rebecca Andrade, Kamala Harris ’, America’s, “, Erdem, Marguerite Antonia Radclyffe Hall, John, Chopova Lowena, ruffles, Victor Virgile, Yuhan Wang, Olu Ogunshakin, Chris Yates, Talia Byre’s, Alaia Ali, Jane Couch, Bridget Riley, Wang, “ I’m, John Phillips, Alexander McQueen, Vivienne Westwood, John Galliano, Stella McCartney, —, Chet Lo, Dojaka, Calvin Klein, Hubert de Givenchy, Barry Keoghan, Dave Benett, Burberry Olivia Colman, Burberry, Burberry Burberry, James Manning, Isidore Montag, Daniel Lee's, Steven Stokey, womenswear, Francisco Gomez de Villaboa, Cris Fragkou SS Daley, Cris Fragkou HARRI, Eamonn M . McCormack, HARRI didn't, Joe Maher, James Mason, James Mason Quinn's, James Mason Erdem, suiting, Jason Lloyd Evans Moralıoğlu’s, Jason Lloyd Evans, Jason Lloyd Evans Chopova Lowena, Lowena, Hellman's, Marco Capaldo, 16Arlington, Arlington Dianna Agron, Lily Bloom, Dave Bennett, CompletedWorks, Ben Broomfield, Ben Broomfield Natasha Zinko's, Zinko, Stefan Knauer, Aldama, Ik Aldama, Henry Nicholls, Bella Hadid, Rihanna, Crocs, Francesco Zinno Talia Byre, Talia Byre Byre, Jeff Spicer Organizations: London CNN —, London, New York, Burberry, National Theatre, Royal Academy, Emirates, JW, Olympics, Erdem, Chris Yates Media, Arsenal, Pan, CNN, Getty, JW Anderson Lingerie, Clarks, London Fashion Locations: London, British, S.S, Italian, Di Petsa, Arlington, America, Dorchester, The Dorchester, Bloomsbury, AFP

☆ GameStop CEO Cohen to pay $1 million fine over Wells Fargo stock buy
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

GameStop CEO Ryan Cohen agreed to pay a nearly $1 million penalty to settle the U.S. Federal Trade Commission's claim that he failed to report acquisition of more than $100 million worth of Wells Fargo & Co voting shares, the agency said on Wednesday. Cohen failed to notify the agency as required when he amassed shares above the $100 million threshold in 2018, the agency said. He had not purchased the shares solely as an investor, but had given bank management input into how to run its business and sought a board seat, according to the FTC. He ultimately reported the transactions to the FTC in 2021. An attorney for Cohen did not immediately respond to a request for comment.

Persons: Ryan Cohen, Wells, Cohen Organizations: GameStop, U.S . Federal Trade Locations: U.S, Wells Fargo

☆ Fed Chair Powell: We know it's time to recalibrate our policy
▼ + stars: | 2024-09-18 | 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 EmailFed Chair Powell: We know it's time to recalibrate our policyFederal Reserve Chair Jerome Powell takes questions from reporters after announcing that the Central Bank has lowered interest rates by half a point, its first cut since 2020.

Persons: Powell, Jerome Powell Organizations: Central Bank

The best iPhone 16 Pro screen protectors provide lasting protection against damage and include a kit or tool for effective and effortless application. Our top pick among the best iPhone 16 Pro screen protectors is the Zagg Glass Elite screen protector, which offers the best overall value and long-term protection. AdvertisementWhat should I look for in an iPhone 16 Pro screen protector? AdvertisementWill an iPhone 15 Pro screen protector fit an iPhone 16 Pro? If you're looking to equip the previous model instead, check out our guide to the best iPhone 15 Pro screen protectors.

Persons: we've Organizations: Business, Apple

☆ Gold has rallied ahead of Fed rate cuts. Here's why there could still be more upside
▼ + stars: | 2024-09-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Gold is already near the top of the 2024 range of outcomes projected by BlackRock Investment Institute, for example. Emerging market central banks have about 6% of their FX reserves in gold, and developed markets have about 12%. "Weaponizing dollar-based systems, including SWIFT , has led to more people, more countries specifically — more sovereign wealth funds and central banks — not trusting dollar-based assets as much. ETF flows As central banks have been bidding up gold, smaller investors were selling for much of this year. The VanEck Merk Gold ETF (OUNZ) and the Abrdn Physical Gold Shares ETF (SGOL) are the other funds with at least $100 million in net inflows this year, according to FactSet.

Persons: there's, Robert Minter, Minter, SWIFT, Lauren Goodwin, we're, Chris Verrone Organizations: Federal, Nasdaq, BlackRock Investment Institute, Abrdn, World Gold Council, U.S ., FX, United, Russia, New York Life Investments, MiniShares, Federal Reserve Locations: U.S, Abrdn . Central, Central, United States, Ukraine

☆ I lived and traveled abroad for 7 months using credit-card points. My stash of miles meant I barely had to pay anything out of pocket.
▼ + stars: | 2024-09-18 | by ( Anny Caba | ) www.businessinsider.com time to read: +5 min

Read previewThe idea to move from New Jersey to Buenos Aires came to me one afternoon while watching the Diego Maradona (famed Argentine soccer player) biopic series on Amazon Prime. Within a year, I had enough to book a one-way United flight to Buenos Aires for 33,000 miles (plus $5 in taxes). AdvertisementMy points took me all around Argentina — and into other South American countriesMy home base for the next seven months was Buenos Aires in Argentina. One of the highlights of my seven months abroad was celebrating Argentina's World Cup win at the Obelisco Buenos Aires and chanting the national song alongside 5 million local fans. They don't pay for everything, but they make massive undertakings (like moving abroad for seven months) more seamless than ever before.

Persons: —, Diego Maradona, Anny, I've, El, São Paulo, Anny Caba, Mendoza Organizations: Service, Amazon Prime, Business, Venture, United Airlines, Argentina — Locations: New Jersey, Buenos Aires, Argentine, Dominican, Argentina, South America, Brazil, Chile, Bariloche, Iguazu, Mendoza, Ushuaia, Rio de Janeiro, Dominican American Spanish, Anny

☆ These are the '50 best hotels' in the world for 2024
▼ + stars: | 2024-09-18 | by ( Chris Dwyer | ) www.cnbc.com time to read: +7 min

That's the collective view of 600 anonymous global voters, comprising travel journalists, hoteliers and seasoned travel specialists, which determined the results of " The World's 50 Best Hotels ," announced Tuesday in London's historic Guildhall. Capella Bangkok is the new "best hotel" in the world, according to the 50 Best organization. It has long produced rankings in the culinary world, releasing "The World's 50 Best Restaurants" since 2002, and 'The World's 50 Best Bars' since 2009. The Art of Hospitality Award went to Morocco's Royal Mansour, and the Best Beach Hotel Award went to Soneva Fushi in The Maldives. Members of the 50 Best organization "do not vote and do not control the composition of the list," Emma Sleight, head of content for The World's 50 Best Hotels told CNBC.

Persons: Mauro Colagreco, Bangkok's Chao, John Blanco, it's, Josephine Ping, It's, Hong Kong Cheval, Singapore Aman, Japan Soneva, France Chablé, Italy Borgo, São, Japan Mount, Carlyle, Eden, Royal Mansour, Lisciano, Italy Suján, India Singita –, Brando, Tetiaroa, Mount Nelson, Bulgari, Morocco's Royal Mansour, Soneva, Aman, Sonia Cheng, Emma, — Organizations: Michelin, Capella, CNBC, Italy Rosewood, Hong Kong Raffles, Maldives Atlantis, Thailand Raffles, UAE Rosewood, Hyatt Kyoto, Seasons Madrid, Spain Capella Singapore, Surf, Bel, Scotland, Kruger, Park, Australia Kokomo, Asia — Capella, America Rosewood, Oceania, Raffles London, Atlantis, Hospitality, Morocco's, Eco, luxe, Rosewood Hotel, Hotels Locations: London's, Capella Bangkok, Kings, Italy's Lake Como, Bangkok, Thailand, Lake Como, Italy, Italy Rosewood Hong Kong, Hong Kong, Hong Kong Cheval Blanc , Paris, France, Hong Kong Raffles Singapore, Singapore, Singapore Aman Tokyo, Tokyo, Japan, Japan Soneva Fushi, Maldives, Dubai, UAE, Sumba, Sumba Island, Indonesia Claridge's, London, Thailand Raffles London, Chao Phraya, Crillon, Paris, Chocholá, Mexico, Antibes, Maya, Florence, Amalfi, Bali, Indonesia, Lana, Paulo, São Paulo, Brazil, Brisbane, Australia, Siam, Kyoto, Japan Mount Nelson, Cape Town , South Africa, Riviera Nayarit, Carlyle , New York, U.S, Mamounia, Marrakech, Morocco, Madrid, Spain, Surfside, Los Angeles , U.S, St, Barths, Caribbean Aman New York , New York, Galle, Sri Lanka, Bristol, Auchterarder, Lisciano Niccone, Italy Suján Jawai, Rajasthan, India, South, Zighy, Oman, Connaught, UK, Polynesia, Tulum, Tasman, Hobart, Yaukuve Levu, Fiji, Asia, Europe, North America, Africa, Oceania, South America, Asia — Capella Bangkok, America, Yucatan, America Rosewood Sao Paulo, New York, Bulgari Tokyo, Istanbul, The Maldives

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