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What lies at the bottom of the ocean?
  + stars: | 2023-06-21 | by ( Jackie Wattles | Ashley Strickland | Katie Hunt | ) edition.cnn.com   time to read: +12 min
What lies at the bottom of the oceanWhile what’s considered the deep ocean extends from 3,280 feet to 19,685 feet (1,000 meters to 6,000 meters) beneath the surface, deep-sea trenches can plunge to 36,000 feet (11,000 meters), according to the Woods Hole Oceanographic Institution in Massachusetts. Alessandro Mancini/Alamy Stock PhotoWhy mapping the ocean is so challengingFrom a strictly scientific perspective, touristic trips to the ocean floor do little to advance our understanding of the ocean’s mysteries. “We want to go to the highest, the lowest, the longest.”But only a “very small percentage of the deep ocean, and even the middle ocean, has been seen by human eyes — an infinitesimal amount. “However, 150 years of modern oceanography have led to better understanding of many aspects of the ocean such as the life it contains, its chemistry and its role in the Earth system.”Mapping the ocean “helps us to understand how the shape of the seafloor affects ocean currents, and where marine life occurs,” Rogers added. Researchers say the ocean and the life it contains could provide answers to some of medicine’s biggest challenges, such as antibiotic drug resistance.
Persons: , Gene Feldman, Jamie Pringle, Pringle, Cornelis Drebbel, Auguste Piccard, Feldman, ” Feldman, Jacques Piccard, Don Walsh, what’s, , Robert Ballard, Alvin, Ballard, Alessandro Mancini, Alamy, Alex Rogers, ” Rogers Organizations: CNN, National Oceanic, Atmospheric Administration, Oceanographic, NASA, OceanGate Expeditions, England’s Keele University, bathyscaphe, Keystone, Hulton, NOAA, Bluegreen, Sea Ventures, of Ocean Exploration, Research, University of Oxford Locations: Cape Cod , Massachusetts, Washington, Dutch, Trieste, bathyscaphe Trieste, Italy, Massachusetts, Japan, United Kingdom
Hunter Biden's criminal plea deal still needs approval from a judge — which isn't guaranteed. The plea deal, however, still must be approved by a judge. Most plea deals skate through court without any problems, but judges do occasionally reject plea deals in high-profile cases. With a plea deal, prosecutors bind themselves to recommend a particular sentence. It's unusual for a judge to reject a plea deal if the sentencing recommendations are too harsh.
Persons: Hunter, Biden, , Hunter Biden isn't, Delaware —, Donald Trump —, Hunter Biden, Joe Biden, Ahmaud, Sarah Krissoff, Pitney, it's, Neama Rahmani, Rahmani, Jill Biden, Ashley Biden, Patrick Semansky, Krissoff, aren't, It's, Department's, David Weiss, Susan Walsh, Randy Zelin, Wilk Auslander, Zelin, He's, he's Organizations: Prosecutors, Service, Department, Washington Post, Pitney LLP, United States, West, AP, Republicans, Congress, Justice Department, Wilk, US, Biden Locations: Delaware, Manhattan, Ukrainian, Ukraine
Boris Johnson, Out of Parliament, Is a Columnist Again
  + stars: | 2023-06-16 | by ( Mark Landler | ) www.nytimes.com   time to read: +1 min
But it was conspicuously absent from The Daily Mail, the biggest and most influential British tabloid. That is — until one looked above the headline about Mr. Johnson’s latest woes to a curiously familiar silhouette of a figure with a generous head of hair. Next to it was a headline that said, “Starting tomorrow: Our erudite new columnist, who’ll be required reading in Westminster — and across the world!”A spokesman for The Mail, Sean Walsh, confirmed that the mysterious new writer was Mr. Johnson, the former prime minister. His first weekly column was due to be posted on The Mail’s website on Friday around 5 p.m. local time (noon Eastern), Mr. Walsh said, and would appear as a full page in print on Saturday. Image Friday’s cover of The Daily Mail promising a new columnist.
Persons: Boris Johnson’s, Johnson’s, who’ll, Sean Walsh, Johnson, Walsh, Rishi Sunak Organizations: The Daily Mail, The Mail, Daily Mail Locations: British, Westminster —
The killing of a powerful governor in Darfur, in western Sudan, has heightened worries that fighting between the country’s warring military factions is pushing a region blighted by genocide two decades ago into a new ethnic civil war. Since April, Sudan’s military has been battling the Rapid Support Forces, a well-armed paramilitary group that until recently was part of the national armed forces. The fighting has razed parts of the capital, Khartoum, and also engulfed Darfur. Peace talks led by American and Saudi diplomats have failed to broker a durable cease-fire. The United Nations mission to Sudan said in a statement that “compelling eyewitness accounts attribute this act to Arab militias and the Rapid Support Forces.”
Persons: Khamis Abdullah Abakar, Organizations: Rapid Support Forces, American, United Nations Locations: Darfur, Sudan, Khartoum, Saudi, West Darfur
But the proposed labor deal is a far way from being fully approved, according to the International Longshore & Warehouse Union. "The ILWU is pleased to have reached a tentative agreement with PMA last night," said a statement from ILWU President Willie Adams on Thursday afternoon. "These delegates will carefully review the tentative agreement and make a recommendation to the rank and file who will then vote on the tentative agreement," Adams said. "We will not be sharing details of the tentative agreement publicly until we have completed the ratification process," he stated. President Biden nominated Acting Secretary Su on February 28 to replace Labor Secretary Marty Walsh, who stepped down in March.
Persons: Julie Su, Willie Adams, Adams, Labor Su, Biden, Su, Marty Walsh, Price Rupert, CNBC's Lori Ann LaRocco Organizations: Biden, Labor, Warehouse Union, PMA, Pacific Maritime Association, United Mine Workers, AFL, Senate, Los Angeles Chamber of Commerce, U.S . Chamber of Commerce, ILWU, U.S . Locations: West Coast, California, San Francisco, Seattle, West, Vancouver, U.S . West Coast, Panama, East Coast
Julie Su testifies before a Senate Health, Education, Labor and Pensions Committee hearing on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. President Biden's Acting Labor Secretary Julie Su is in current communication with labor and port management representatives in an effort to help broker a deal at a time of rising tensions at ports up and down the West Coast. President Biden nominated Acting Secretary Su on February 28 to replace Labor Secretary Marty Walsh, who stepped down in March. She was previously confirmed by the Senate to serve as the deputy secretary of labor on July 13, 2021. It estimated a more widespread strike along the West Coast could cost approximately $1 billion per day.
Persons: Julie Su, Biden's, Su, Su's, Biden, Marty Walsh, Suzanne Clark, Paul Brashier Organizations: Health, Education, Labor, Capitol, California Labor, Workforce Development Agency, Warehouse Union, Pacific Maritime Association, The Department, United Mine Workers, AFL, Senate, Los Angeles Chamber of Commerce, National Retail Federation, National Association of Manufacturers, . Chamber of Commerce, U.S . Chamber of Commerce, ILWU, Canadian, Logistics, ITS Logistics Locations: Washington , U.S, West, West Coast, Los Angeles, Long, U.S, ILWU Canada, Canadian West Coast, Panama, East
Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. That makes it hard to build the long-distance power lines needed to transport wind and solar nationwide. To make the plan work, the nation would need thousands of miles of new high-voltage transmission lines — large power lines that would span multiple grid regions. Utilities are sometimes wary of long-distance transmission lines that might undercut their local monopolies. “The grid is already a critical element of our energy system,” said Matteo Muratori, an analyst at the National Renewable Energy Laboratory.
Persons: , Michael Goggin, Christy Walsh, Mathias Einberger, Biden, , Maria Robinson, Matteo Muratori Organizations: The, Eastern, Biden, Seattle Seattle Boston Boston, Seattle Seattle Boston Boston Minneapolis Minneapolis New, Seattle Seattle Boston Boston Minneapolis Minneapolis New York City New, Seattle Seattle Boston Boston Minneapolis Minneapolis New York City New York City Chicago, Seattle Seattle Boston Boston Minneapolis Minneapolis New York City New York City Chicago Chicago Salt Lake City Salt Lake City San Francisco Denver Denver, Phoenix Phoenix Atlanta Atlanta Dallas Dallas, Houston, Solar, Miami Miami, Seattle Boston, Seattle Boston Minneapolis New, Chicago Salt Lake City Denver Los Angeles Phoenix Atlanta Dallas, Miami, Seattle Boston Minneapolis New York City Chicago Salt Lake City San Francisco Denver Los Angeles Phoenix Atlanta Dallas Houston Miami, Seattle, Chicago Salt Lake City San Francisco Denver Los Angeles Phoenix Atlanta Dallas Houston Miami Wind, National Renewable Energy Laboratory, Natural Resources Defense Council, Department of Energy, Princeton, RMI’s, Free Electricity Program, Department of, Federal Energy Regulatory Commission Locations: The U.S, Texas, West, Power, California, Seattle Seattle Boston Boston Minneapolis, Seattle Seattle Boston Boston Minneapolis Minneapolis New York City, Seattle Seattle Boston Boston Minneapolis Minneapolis New York City New York, Seattle Seattle Boston Boston Minneapolis Minneapolis New York City New York City Chicago Chicago Salt Lake City Salt Lake City San, Seattle Seattle Boston Boston Minneapolis Minneapolis New York City New York City Chicago Chicago Salt Lake City Salt Lake City San Francisco Denver Denver Los Angeles Los, Seattle Boston Minneapolis, Chicago Salt Lake City, Seattle Boston Minneapolis New York City Chicago Salt Lake City San Francisco Denver, Chicago Salt Lake City San Francisco Denver, U.S, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will cut rates 'early next year' if we hit a recession, says Hennion & Walsh's Kevin MahnKevin Mahn, Hennion & Walsh Asset Management president and CIO, joins 'Squawk Box' to discuss recent market trends, with the longest bear market in decades coming to a close, future market outlook, and more.
Persons: Kevin Mahn Kevin Mahn Organizations: Hennion, Walsh Asset Management
But while young people can afford to take more investment risk relative to older generations, using crypto as the linchpin of an investment portfolio is nonetheless a risky bet due to its volatility, experts said. Crypto zeal a concern if investors don't diversifyFifty-five percent of adult Gen Z investors currently invest in crypto, according to the joint Finra-CFA Institute report. Gen Z is a cohort born in the late 1990s and into the 21st century, meaning its oldest members are in their mid-20s. The joint Finra-CFA Institute report doesn't specify the average share of Gen Z investors' portfolios allocated to cryptocurrency. Gen Z investors in the U.S. view themselves as risk-takers.
Persons: Gen, Coinbase, Binance, Crypto, , Gerri Walsh, Walsh, Ted Jenkin, cryptocurrency, They've, Jenkin, bitcoin, It's, There's, they've Organizations: CFA Institute, Financial Industry, Investor Education, Securities and Exchange Commission, SEC, Finance, Finra Investor Education Foundation, Meta, cryptocurrency Locations: Atlanta, cryptocurrency, U.S
Air India, which is revamping itself under new owner Tata Group, has been rapidly growing its international presence with new non-stop flights to Europe and the United States. Being able to use Russian airspace has come as a boon as it looks to capture a bigger share of the market. IATA Director General Willie Walsh called for an opening up of Russian airspace. "What we would like to see is everybody using Russian airspace. But airlines that can are unlikely to stop using Russian airspace after this diversion, said James Halstead, managing partner at Aviation Strategy.
Persons: Stringer, Campbell Wilson, Wilson, Scott Kirby, Kirby, Willie Walsh, Walsh, James Halstead, Vinod Kannan, India's, it's, Air India's Wilson, I'm, Aditi Shah, Mark Potter Organizations: REUTERS, United Airlines, Air, Air India, International Air Transport, Tata Group, Reuters, Airlines, Aviation, Singapore Airlines, Thomson Locations: Sheremetyevo, Russia, Ukraine, Moscow, Stringer ISTANBUL, U.S, India, Europe, Asia, Brussels, Air India, Istanbul, Air, United States, Russia's Far
ISTANBUL, June 6 (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Airlines are relying for 62% of their emissions reduction target on the fuel, which is currently between two to four times more expensive than kerosene. Walsh said airlines were not afraid to confront the fact that their share of total emissions will rise as other industries with fewer technological hurdles decarbonise. "Different parts of the world are moving at different paces and for us, representing global airlines, we've got to factor all of that into account." One thing airlines agreed on was frustration at aircraft delays, which have disrupted their schedules, with CEOs asking IATA to lobby planemakers.
Persons: Willie Walsh, Walsh, Jo Dardenne, Tim Clark, Clark, we've, Joanna Plucinska, Tim Hepher, Andrew Heavens, Sriraj Kalluvila, Alexander Smith Organizations: Aviation, International Air Transport Association, Sustainable Aviation Fuel, SAF, Transport, Environment, Dubai's Emirates, Reuters, Thomson Locations: ISTANBUL, Istanbul, planemakers, United States, Dubai
Elon Musk is no longer the CEO of Twitter
  + stars: | 2023-06-06 | by ( Pete Syme | ) www.businessinsider.com   time to read: +2 min
Elon Musk announced last month he'd found a replacement for the Twitter CEO role. She began two weeks ahead of schedule, with Twitter's ad business currently struggling. Elon Musk is no longer the CEO of Twitter, as Linda Yaccarino started at the company on Monday. Musk first said he would step down as Twitter CEO in December after users voted in a poll. Musk said they quit in relation to controversy over Twitter limiting the visibility of "What is a Woman?"
Persons: Elon Musk, he'd, Linda Yaccarino, Yaccarino, Musk, He'd, it's, Matt Walsh, Twitter Organizations: Morning, Twitter, Fidelity, The New York Times
But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.
Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, , , Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro
ISTANBUL, June 5 (Reuters) - Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on Monday cheered by strong travel demand as the sector recovers from the COVID-19 pandemic. "The pandemic years are behind us and borders are open as normal," Director General Willie Walsh told the annual meeting of the International Air Transport Association (IATA). Global airlines have in recent months reported strong results as they prepare for a busy summer season, with travel demand showing no sign of flagging despite peaking inflation. Revenue levels for 2023 are also inching closer to pre-pandemic levels, climbing to an expected $803 billion versus $838 billion in 2019. And they will continue to do so through this year," Walsh told Reuters in an interview separately.
Persons: Willie Walsh, Walsh, " Walsh, Joanna Plucinska, Aditi Shah, Tim Hepher, Jason Neely Organizations: Global, International Air Transport Association, . Global, Reuters, Airlines, Schiphol Airport, Schiphol, Thomson Locations: ISTANBUL, Netherlands, South Africa
Supply chain issues will impact air travel in 2023, IATA director general says. Juliette Michel | Afp | Getty ImagesAir travel will be affected by "very frustrating" supply chain issues this year, according to Willie Walsh, director general of the International Air Transport Association, as he discussed the challenges facing the aviation sector this year. And we're already seeing that," Walsh told CNBC's Dan Murphy. A scarcity of air traffic control staff is also likely to be a problem in 2023, Walsh said. "The challenges we expect to see in the short term are outside of our control, and they principally relate to shortages, in resources in air traffic control," Walsh said.
Persons: Juliette Michel, Willie Walsh, Walsh, CNBC's Dan Murphy, We've Organizations: Afp, Getty, Air, International Air Transport Association, Boeing, Airbus Locations: U.S, United States, Europe
London CNN —The CEO of Qatar Airways has described the airline industry’s emissions goals as a “PR exercise,” saying aviation is on track to miss its target to achieve net zero status in 2050. “Let us not fool ourselves,” Al Baker told CNN’s Richard Quest. Currently, SAF production is less than 0.1% of what is needed for aviation to achieve net zero. “We’re openly acknowledging that this is going to be a huge challenge,” Walsh told Quest as the IATA meeting began on Sunday. Despite his skepticism on the industry’s current emissions targets, he still believes that net zero is achievable.
Persons: Akbar Al Baker, ” Al Baker, CNN’s Richard Quest, , Al Baker, , Willie Walsh, Walsh, “ We’re, ” Walsh, Quest, I’m Organizations: London CNN, Qatar Airways, CNN, International Air Transport Association, SAF
[1/2] An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. REUTERS/Eric Gaillard/File PhotoISTANBUL, June 5 (Reuters) - Airlines took aim at Europe over green fuel mandates and its failures to stem France's air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday. In 2021, the body released its strategy to achieve net-zero carbon emissions by 2050, including a progressive increase in sustainable aviation fuel use. A global approach to book and claim for SAF credits will help facilitate economies of scale in SAF production," he said. FRAGMENTATIONHowever, IATA said the EU's approach could cause more fragmentation by forcing airlines to buy SAF in Europe, ultimately hampering a harmonized global approach and sowing confusion.
Persons: Eric Gaillard, Willie Walsh, Walsh, Marie Owen Thomsen, Joanna Plucinska, David Evans Organizations: Air France, REUTERS, Airlines, EU, SAF, Air Transport Association, Officials, Chicago Convention, Activists, Thomson Locations: Nice, France, ISTANBUL, Europe, Istanbul, United States, COVID
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAviation recovery is at about 90% compared to 2019, IATA director general saysIATA Director General Willie Walsh discusses the airline sector’s recovery, three years after the outbreak of the coronvairus pandemic.
Persons: Willie Walsh Organizations: Aviation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIATA director general weighs in on Saudi Arabia’s new carrier Riyadh AirIATA Director General Willie Walsh discusses Saudi Arabia’s new carrier Riyadh Air, announced by Prince Mohammed bin Salman in March 2023.
Persons: Willie Walsh, Prince Mohammed bin Salman Organizations: Riyadh Air, Saudi Locations: Saudi
IATA on Monday more than doubled its 2023 profit forecast for the global airline industry despite a looming economic downturn. Airlines are expected to make $9.8 billion in net profit in 2023, up from a December forecast of $4.7 billion. The industry’s main lobby group expects 4.35 billion people to travel by air this year, not far off the 4.54 billion passengers who flew in 2019. The figures mark a significant turnaround for the airline industry, which carried just 1.8 billion passengers in 2020 because of the coronavirus pandemic, at a loss of $76 per traveler. From that nadir, air travel has rebounded even as high inflation and rising interest rates weigh on spending by businesses and consumers in other areas.
Persons: Willie Walsh, ” Walsh, Walsh, , CNN’s Richard Quest, we’re, ” — Gayle Harrington Organizations: London CNN — Global, International Air Transport Association Locations: Istanbul,
Airlines say ready to avoid repeat of summer travel chaos
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +2 min
Airline leaders attending IATA's annual meeting in Istanbul this week remain concerned about air traffic control disruption in Europe and the United States, however. "But as far as they are concerned, they have fulfilled their obligation to get their resources in place for this summer. Rising numbers of disputes between travellers and airlines globally have led to calls for passenger compensation. Some passenger groups have accused airlines of skirting compensation by invoking an exemption for exceptional circumstances. Airlines have reported strong bookings for this summer as air traffic returns towards pre-COVID levels.
Persons: Willie Walsh, they've, Walsh, Eurocontrol, Tim Hepher, Joanna Plucinska, Aditi Shah, David Holmes Organizations: Airlines, International Air Transport Association, Sunday, Airline, Reuters, European, Thomson Locations: ISTANBUL, Istanbul, Europe, United States, North America, Canada, U.S, European Union, Ukraine
Airlines body urges jetmakers to fix aircraft delivery delays
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +1 min
Airlines "are not concerned about the macroeconomic environment, they're concerned about the access to spare parts for their existing aircraft and the delivery of new aircraft. "It's frustrating because airlines can see strong demand, but they're not able to match supply with demand in many markets. Airbus (AIR.PA) and Boeing (BA.N) have blamed supply chains for delivery delays, while bottlenecks in a network of engine repair shops have also forced airlines to ground dozens of jets. The gathering comes two weeks before the Paris Airshow, where supply pressures are likely to overshadow new orders. Reporting by Tim Hepher, Joanna Plucinska and Aditi Shah; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.
Persons: Adolfo Suarez, Isabel Infantes, Willie Walsh, it's, they're, Tim Hepher, Joanna Plucinska, Aditi Shah, David Holmes Organizations: Ryanair Boeing, Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, International Air Transport Association, Reuters, Boeing, Thomson Locations: Madrid, Spain, Isabel Infantes ISTANBUL, Istanbul, Airlines, Paris
Brands fearful of right-wing backlash are discussing scaling back their Pride Month activities. Right-wing media personalities have declared a "war on woke," with The Daily Wire's Matt Walsh recently rallying his Twitter followers to "make 'pride' toxic for brands." This month, the LGBTQ+ dating app Taimi initiated an ad campaign that included billboards in states including Florida, Oklahoma, Texas, and others. Those billboards were largely on privately-owned farmland and most of the landowners rejected Taimi's ad campaign, many requesting "no nudity" in the images. The North Face, which debuted its "Summer of Pride" ad campaign starring drag queen Pattie Gonia late last month, is holding firm.
Persons: Bud Light, Matt Walsh, Ross Martin, Martin, Bud Light's, influencer Dylan Mulvaney, Hannah Lewman, Pattie Gonia, rightwing firebrands, Amy Luca, Media.Monks, Brian Stout, It's, We've, Dean Crutchfield, Crutchfield, Mark Borkowski, I've, Mekanism's, There's, Benjamin Cohen Organizations: Target, Daily, Brands, Partners, Gay and Lesbian Alliance, Defamation, Pink Locations: Florida , Oklahoma , Texas, Taimi's
The benchmark S&P 500 (.SPX) has risen 11.5% this year and stands at a 10-month high. The S&P 500 rose 1.45%. The recent surge in Nvidia showed how a stock can keep climbing even after posting hefty gains. At the same time, only 20.3% of S&P 500 stocks have outperformed the index on a rolling three-month basis, a record low dating back five decades, according to Ned Davis. Kotok views narrowing breadth as an ominous sign for the broader stock market, saying that equities also look less favorable in certain asset valuation metrics.
Persons: Ned Davis, Peter Tuz, Jay Hatfield, ” Hatfield, , Brendan McDermid Michael Purves, Purves, Kevin Mahn, Refinitiv, , Mahn, Dow, David Kotok, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski, Diane Craft Organizations: YORK, BofA Global Research, Ned Davis Research, Chase Investment, Nvidia, Apple, Microsoft, Google, Federal Reserve, New York Stock Exchange, REUTERS, Tallbacken Capital Advisors, Nasdaq, Hennion, Walsh Asset Management, Dow Jones, Cumberland Advisors, Thomson Locations: megacap, BofA, New York City, U.S
New York CNN —If you follow right-wing media or Twitter, you may have seen a lot of coverage recently about Target’s stock price falling. Fox News aired more than 2 hours of coverage on Target’s Pride Month displays from May 23 to May 30, according to Media Matters, a liberal media monitoring group. Target faced a homophobic campaign that went viral on social media over its annual Pride Month clothing collection. But Target’s stock drop has nothing to do with its Pride Month clothing collection or the anti-LGBTQ campaign. JP Morgan, which downgraded Target’s stock Thursday, said in a report that “we continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods is ongoing.” JP Morgan did not include a word about consumer backlash to Target’s Pride Month collection.
Persons: Matt Walsh, it’s, Locker, Berna Barshay, It’s, JP Morgan, ” JP Morgan, Organizations: New, New York CNN, Fox News, Target’s, Media, Target, Pride, Walmart, Shoppers Locations: New York, Thursday’s
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