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Analyst Laura Champine also lowered her price target to $80 from $85, implying a 6% increase for the stock. "New York City office is one of the few REIT subsectors seeing improved demand," the analyst wrote. The bank double-upgraded the e-commerce platform to overweight from underweight and hiked its price target to $62 from $35. Feather added that eBay stock is currently trading at a discount versus peers, with Etsy trading around 35% higher. "JetBlue's DNA aligns with our broader preference for loyalty, premium, and international exposure ... albeit with less vigor than the Big 3," the analyst wrote.
Persons: TD Cowen, Morgan Stanley, Needham, Laura Martin, Andy, Martin, — Jesse Pound, Laura Champine, Champine, — Lisa Kailai Han, Tesla, Emmanuel Rosner, Elon Musk, Rosner, Fred Imbert, John Kim, Kim, SLG, KeyBanc, Eric Heath, Heath, Nathan Feather, Feather, James West's, West, Jamie Baker, Baker, Lisa Kailai Han, Matthew Ramsay, Ramsay Organizations: CNBC, Nvidia, Amazon, Wholesale, BJ's Wholesale, Deutsche Bank, Tesla, Reuters, BMO Capital Markets, Green Realty, New York City, SL Green Realty, SL Green, SL, KeyBanc, eBay, EBAY, GE, ISI, GE Vernova, General Electric, JPMorgan, JetBlue JPMorgan, JetBlue, Jetblue, Technology, NVIDIA, Match Group Locations: China, Manhattan, York City, Wednesday's, York
Read previewOne of Ukraine's main European allies said it could buy US-made Patriot air-defense systems from other countries to send on to Ukraine. Ukraine is searching for more Patriot systems as it runs low on air defenses to stop Russian attacks. AdvertisementThe US-made MIM-104 Patriot missile system is a ground-based, mobile surface-to-air missile battery. REUTERS/Yevhen KotenkoGermany announced over the weekend that it would give Ukraine another Patriot system. AdvertisementHe said he "struggles to understand" some allies' resistance to giving Ukraine at least one of their Patriot systems.
Persons: , Mark Rutte, Jens Stoltenberg, Yevhen Kotenko, Volodymyr Zelenskyy, they've, Stoltenberg Organizations: Service, The, Guardian, Business, REUTERS, NATO, Patriot, Patriots Locations: Ukraine, The Netherlands, Warsaw, Poland, Russian, Kyiv, Yevhen, Yevhen Kotenko Germany
He said his unit had good support from HIMARS — a long-range, high-precision rocket launcher that can hit targets 50 miles away — but its effectiveness was degraded as rockets ran low. AdvertisementUkrainian soldiers watch a rocket fire from a HIMARS launcher in May 2023 in Donetsk Oblast, Ukraine. AdvertisementCongress approved $300 million for Ukraine last month, which would have included HIMARS rockets. M142 HIMARS launches a rocket on Russian position on December 29, 2023 in Unspecified, Ukraine. "Support Ukraine, help us win this war."
Persons: , Jonathan Poquette, it's, Serhii Mykhalchuk, Poquette, we're, Diego Herrera Carcedo, we'd, Christopher G Organizations: Service, Business, Artillery Rocket Systems, Company, Ukraine's 59th Motorized Brigade, Ukraine, Getty, Republicans, Hudson Institute, US European Command, NATO's, US Locations: Ukraine, Ukraine's, Donetsk Oblast, Ukrainian, Russia, Donetsk, US, Kyiv, Bakhmut, Anadolu
Russia is firing 10 times more artillery than Ukraine, President Volodymyr Zelenskyy said. Russia also has 30 times more aircraft, he said, in a worrying sign for the country. Ukraine is suffering critical shortages with US aid stalled, and has warned it may need to retreat. AdvertisementThe US is the single biggest donor to Ukraine, but billions in further aid to Ukraine is stalled in Congress. Zelenskyy warned in March that Ukraine would have to start retreating if no new aid came from Congress.
Persons: Volodymyr Zelenskyy, , Zelenskyy, We're, Jonathan Poquette Organizations: Service, PBS, Republicans, Ukraine Locations: Russia, Ukraine, Avdiivka
On the front line in east and south Ukraine, reports say the situation is increasingly desperate, with Russia outfiring Ukraine at a rate of three to one. Senior Ukrainian military officials, talking to Politico, said that Russia could break through wherever it focuses its anticipated summer offensive. AdvertisementThe role of the WestUkraine is on a "starvation diet" for aid, George Barros, an expert at the Institute for the Study of War, told BI. Anadolu/Getty ImagesAnalysts also say that weaknesses in Russia's military are limiting the Kremlin's ability to take advantage of the situation. "For Ukraine to suffer total defeat, we'd need to see a major collapse in Ukrainian lines and morale," he said.
Persons: , Volodymyr Zelenskyy, Zelenskyy, Dmytro Kuleba, Bryden Spurling, George Barros, BI's Sinéad Baker, Barros, ATACMS, Klaus, Dietmar Gabbert, we've, Justin Bronk, Ukraine —, Politico —, Mykola Bielieskov, Spurling, George Beebe, Beebe, Ukraine it's, ferociously Organizations: Service, Republicans, Business, Patriots, Politico, Russia outfiring, Ukrainian, RAND Corporation, AP, US State Department, Institute for, Leopard, Getty, London's Royal United Services Institute, Ukraine, National Institute for Strategic Studies, Fleet, Anadolu Locations: Russian, Ukraine, Russia, Russia outfiring Ukraine, Iran, North Korea, West Ukraine, Avdiivka, Zaporizhzhia, Ukrainian, NATO, Kyiv, Avdiivkva, Dnipro
The US helped shoot down Iranian drones and missiles fired at Israel over the weekend. But the White House said it wouldn't do the same for Ukraine, calling it a "different threat picture." AdvertisementThe White House said on Monday that it would not shoot down drones for Ukraine, despite having done so for Israel over the weekend. Israel said that Iran fired more than 300 drones and missiles at it on Saturday night. White House National Security Council spokesperson John Kirby was asked in a media briefing if the US could also help to shoot down drones over Ukraine.
Persons: , Israel, Jordan, John Kirby Organizations: Service, White, National Security, Business Locations: Israel, Ukraine, Iran, France
A Diplomatic Victory of Uncertain Staying Power
  + stars: | 2024-04-16 | by ( Peter Baker | ) www.nytimes.com   time to read: +1 min
Had just one missile or drone gotten through and killed a lot of Israelis, American officials feared, the region could have gone up in flames. Mr. Biden and his team hoped that the developments over the weekend could give all three major actors enough to claim victory and walk away. Iran could claim vindication for taking aggressive action in response to the Israeli strike that killed some of its top military officers. Israel showed the world that its military is too formidable to challenge and that Iran is impotent against it. Rather than pocketing the win, such as it was, Israeli officials said on Monday that they would respond — without saying when or exactly how — and Mr. Biden’s advisers were bracing to see what that might entail.
Persons: Biden’s, Biden Locations: U.S, Iran, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how cruise leaders made their comebackRoyal Caribbean's stock price reached an all-time high in April of 2024 as the company spearheads the cruise industry's epic return. The three industry titans – Carnival, Royal Caribbean and Norwegian – kicked off 2024 with booking at an all time high. Find out how the three companies made their return and why investors are eager about them again.
Persons: Norwegian – Organizations: Royal Locations: Royal Caribbean, Norwegian
Carnival , Norwegian and Royal Caribbean all reported entering the year with record highs for individual bookings and cruise pricing. It's an impressive turnaround after the industry was largely halted for 15 months after the Centers for Disease Control and Prevention issued a no-sail order in March 2020 at the onset of the Covid pandemic in the U.S.And Royal Caribbean has been leading the way. It's seen the highest ticket revenue increase relative to 2019 out of the big three cruise giants. 1 reason why Royal Caribbean has outperformed its peers and recovered the fastest is because they issued the least amount of equity during the pandemic. All of the companies had to issue equity.
Persons: It's, Brandt Montour Organizations: Royal, Centers for Disease Control, Barclays Locations: Royal Caribbean, U.S, Caribbean, Norwegian
President Biden and his team, hoping to avoid further escalation leading to a wider war in the Middle East, are advising Israel that its successful defense against Iranian airstrikes constituted a major strategic victory that might not require another round of retaliation, U.S. officials said. Whether Prime Minister Benjamin Netanyahu of Israel and his government will agree to leave it at that was not immediately clear. Although damage from the attack was relatively light, the scope of the strikes went well beyond the small-bore tit-for-tat shadow war between Iran and Israel in recent years, crossing a red line by firing weapons from Iranian territory into Israeli territory. Emotions were running high among Israeli officials during phone calls with American partners late into the night, and the pressure to fire back was consequently strong. The U.S. officials, who spoke on the condition of anonymity to describe sensitive discussions, stressed that the decision was ultimately up to Israel.
Persons: Biden, Israel, Benjamin Netanyahu Organizations: Iranian, Israel, U.S Locations: Israel, Iran, Lebanon
With Trump’s trial scheduled to start Monday, here is a fact check of some of Trump’s remarks. Trump’s baseless claims that Biden is secretly running the caseTrump has repeatedly claimed that the Manhattan case has been secretly orchestrated by President Joe Biden, Biden’s White House or the Biden-era federal Justice Department. Third, there is no basis for the claim that Colangelo oversees Bragg; Bragg is Colangelo’s boss. Facts First: Trump’s claims are not even close to true; Manhattan, like New York City as a whole, is nowhere near record highs for murder or violent crime more broadly. They want to take away my constitutional right to talk.”Facts First: Trump’s claims are exaggerations.
Persons: Donald Trump, Trump’s, Biden, Trump, Joe Biden, Biden’s, Matthew Colangelo, Alvin Bragg, Joe Biden’s, , , ” Trump, Thugs ”, Colangelo, ” Bragg, Bragg, It’s, Joe Schmoe, , Jeff Asher, Juan Merchan, Loren Merchan, Loren Merchan “, Al Baker, Loren Merchan didn’t, Baker, Loren Merchan’s, Judge Merchan’s, Judge, I’m, Merchan, Merchan’s, Soros, George Soros, Michael Vachon, Vachon, Alvin Bragg’s, ” Soros, Rashad Robinson, overstate, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz Organizations: Washington CNN, Justice Department, DOJ, Biden, Bragg, Manhattan, New York, CNN, Trump, Democratic, The Spectator, Soros, PAC, Democracy PAC, Change’s PAC Locations: Manhattan, York’s, New, New York City, Pennsylvania, Fulton County , Georgia
Russian soldiers want to get injured as they see it as the only way to go home, Ukraine said. "Therefore, the invaders dream of being injured," Ukraine's National Resistance Center said. AdvertisementRussian soldiers fighting in Ukraine now see getting injured as their only chance to leave the front lines and go home to see their families, according to Ukraine. Ukraine's National Resistance Center said that many Russian soldiers have lost hope that they will be given time away from the front, as Russia doesn't have enough soldiers there. "Therefore, the invaders dream of being injured," it said.
Persons: Organizations: Resistance Center, Service, Ukraine's, Business Locations: Ukraine, Russia
StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, which is what it was valued at in late 2021 during its latest round of private funding. If StubHub does enter the public market, it will trade alongside competitors Vivid Seats and Live Nation . Vivid Seats has a market cap of $1.2 billion and Live Nation is valued at just under $24 billion, according to FactSet. StubHub, JPMorgan and Goldman Sachs all declined to comment about potential timing for an IPO.
Persons: Goldman Sachs, StubHub, Eric Baker, SeatGeek, Taylor Organizations: CNBC, JPMorgan, eBay, Vivid
How Voters Describe the 2024 Election in One Word
  + stars: | 2024-04-11 | by ( Camille Baker | ) www.nytimes.com   time to read: 1 min
It’s no secret that many voters are not looking forward to the election in November. A New York Times/Siena College poll from February found that 19 percent of voters held an unfavorable view of both President Biden and former President Donald J. Trump. At the same time, the prospect of a new president is exciting for many, and nearly half of Republican primary voters are enthusiastic with Mr. Trump as their nominee, the Times/Siena poll found. About a quarter of Democratic primary voters said the same about Mr. Biden. To dig a little deeper, we asked respondents in that Times/Siena poll to summarize their feelings about the upcoming rematch in just one word.
Persons: Biden, Donald J, Trump Organizations: New York Times, Siena, Trump, Gallup, Republican, Times, Democratic, Mr Locations: Siena
Ukraine has identified 100 Patriots that it believes its allies can spare, its foreign minister said. AdvertisementUkraine's foreign minister said his team had identified more than 100 Patriot air-defense systems that its allies could spare, as the country struggles with munition shortages against Russian attacks. Ukraine has between three and five Patriot systems; the exact number and location of their deployment have been kept secret. Related storiesUkrainian President Volodymyr Zelenskyy said earlier this month that Ukraine needs 25 Patriot systems with between six and eight batteries each to protect the country fully. AdvertisementThe Post reported that Zelenskyy told Kuleba to focus on persuading countries with spare Patriot systems to transfer them to Ukraine.
Persons: Dmytro Kuleba, , Volodymyr Zelenskyy, Zelenskyy, Kuleba, Anthony Sweeney, US Army Kuleba, Josep Borrell, Borrell Organizations: Patriots, Service, Washington Post, Patriot, US Army, Congress, U.S, Army, Post, Getty Locations: Ukraine, Greece, Russia, Zaporizhzhia, NATO, Brussels
The veteran, who goes by the call sign Jackie, has been in Ukraine since 2022 and has served as a trainer of Ukrainian troops. He said that in the weeks before Ukrainian forces had to withdraw from the town, Ukraine was "crushing the enemy in Avdiivka." In their first week in Avdiivka, his men were able to cut many of Russia's routes into the fight. A snowy field with traces of artillery and recently destroyed Russian heavy equipment on the outskirts of Avdiivka, Ukraine, in January 2024. His men also kept a corridor open for Ukrainian troops to retreat.
Persons: couldn't, , Jackie, Russia's, Alexander Ermochenko, Libkos, Ukraine's, Vlada, Zelenskyy Organizations: Ukraine, Service, Ukraine's 3rd Assault Brigade, REUTERS, Khorne, Washington Post Locations: Russia, Avdiivka, Ukraine, Ukraine's, Russian, Soviet, America
Israeli authorities have improved aid delivery to Gaza but still “need to do more,” President Biden said on Wednesday, offering a measured assessment of how well Prime Minister Benjamin Netanyahu is living up to promises he made last week. Since then, Mr. Biden said, Israel has done more to provide access for food, medicine and other critical supplies, but added that he still expects additional action. Mr. Netanyahu committed to increasing the number of aid trucks entering Gaza, and to opening another border crossing into the territory. “It’s not enough,” Mr. Biden said. “We’ll get these hostages home where they belong but also bring back a six week cease-fire that we need now,” Mr. Biden said.
Persons: Biden, Benjamin Netanyahu, Netanyahu, Israel, “ It’s, Mr, Fumio Kishida, Kamala Harris, “ We’ll Organizations: , Hamas, United Nations Locations: Gaza, United, Israel, Japan, U.S, United States
Palestinians gathered for Eid prayers across Gaza on Wednesday, where many mosques have been destroyed after six months of war. Ms. Abu Awda’s family managed to take some clothes with them when they fled their home in Jabaliya two months ago. “What kind of Eid is this?” Ms. Abu Awda said, adding, “We have lost so much. We have lost family and loved ones. The Gaza Ministry of Health says that more than 33,000 people have been killed in Gaza over six months of Israeli bombardment.
Persons: Eid, Fitr, Amani Abu Awda’s, Abu Awda, , , , Abu Awda’s, Ms, Alina Al, Yazji, Haitham Imad, Muna Daloob, Mohammad Shehada, we’re, Shehada, enjoyments Organizations: Hospital, Al, Aqsa Martyrs Hospital, ., Agence France, Gaza Ministry, Health Locations: Gaza, Rafah, Jabaliya, Aqsa, Deir al, Gaza City, Israel, Egypt
To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.
Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, , Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China
Some coastal cities are seeing ferry ridership bounce back after a decline during the pandemic, and growing interest in water transit is spurring both new types of ferry services and waterfront development. Carteret, N.J., is launching a ferry service to Manhattan, adjacent to a waterfront film and television production complex. Ferry service is also central to the development of a new community on a former naval base off San Francisco. Last year, the Federal Transit Administration announced grants totaling $220.2 million for ferry systems. And local governments are offering tax incentives to redevelop industrial zones.
Organizations: Puget Sound, Federal Transit Administration Locations: Bremerton, Wash, Seattle, Carteret, N.J, Manhattan, San Francisco
Footage appears to show Ukrainian soldiers stealing an advanced Russian tank. AdvertisementA new video claims to show Ukrainian soldiers stealing an advanced Russian tank and driving away with it. It is not clear if any Russian soldiers were inside the tank when it was reportedly taken. It said Azov soldiers, along with other Ukrainian brigades, had intelligence that an armored column of Russians was on the move. AdvertisementIt said 50 Russian soldiers were killed, while others escaped by running away and abandoning their gear.
Persons: , Ukraine's, Insider's Nathan Rennolds Organizations: Service, 12th Azov Assault Brigade, Azov, Intelligence, Azov Brigade, Ukraine's 60th Mechanized Brigade, Azov Assault Brigade, Russia, International Institute for Strategic Studies Locations: Russian, Ukraine, Terny, Ukrainian, Ukraine's, Donetsk, Russia, Bakhmut, West
Some climate activists accuse the industry of simply investing in carbon capture as way to extend the use of oil and gas. The technology typically uses chemical absorption to capture carbon dioxide emitted from the chimney of an industrial plant. "The economic viability of carbon capture and sequestration is a challenge today because the cost of building most plants in order to capture carbon dioxide are very significant," the executive said. About two-thirds of the industry's carbon dioxide emissions come from chemical reactions that occur when breaking down limestone. SLB this month announced a nearly $400 million investment in Aker Carbon Capture, a pure-play carbon capture company based in Norway, in an effort to accelerate deployment of the technology at commercial scale.
Persons: Chin Lee, Biden, SLB, Fred Majkut, Majkut, Adam Miklos, Miklos, Baker Hughes, Olivier Le Peuch, Alessandro Bresciani, Jeff Gustavson, Gustavson, steelmaker Nucor, Linde, Dan Ammann, Ammann, Fatih Birol, We're, SLB's Majkut Organizations: Chevron, Houston Chronicle, Hearst Newspapers, Department of Energy, RTI International, International Energy Agency, Exxon, Rystad Energy, Clean Investment Monitor, United Nations ., Gulf Coast, CF Industries, Talos Energy, Carbonvert, IEA Locations: Winnie, Mississippi, Vicksburg, Schlumberger, United States, Paris, Chevron, United Kingdom, U.S, Aker, Norway, Houston, Port Arthur , Texas, Gulf, Louisiana, Beaumont , Texas, Mississippi , Louisiana, Texas, Bayou, Port Arthur
The judge ruled that Trump’s “dangerous rhetoric” threatens the integrity of the looming trial, which is scheduled to begin April 15. Here are the facts about Trump’s recent attacks against Merchan’s daughter, and how this sideshow could affect the first-ever criminal trial of a former American president. He deployed this same tactic in the New York case, but went even farther by targeting Merchan’s adult daughter, Loren Merchan. He used the image to argue that Loren Merchan and her father are biased against him. “The X, formerly Twitter, account being attributed to Judge Merchan’s daughter no longer belongs to her since she deleted it approximately a year ago,” court spokesman Al Baker said last week.
Persons: Donald Trump, Judge Juan Merchan, Trump, Merchan’s, don’t, Stormy Daniels, Loren Merchan, Merchan, , Joe Biden, didn’t, ‘ Get, , Loren Merchan’s, Kamala Harris ’, Biden, Harris, Gretchen Whitmer, Katie Hobbs, Adam Schiff, Trump’s, Schiff, Laura Loomer, Judge Merchan’s, Al Baker, Loren, , Judge Merchan, Attorney Alvin Bragg, ” Merchan, Joey Jackson, CNN’s Dana Bash, ” Jackson, that’s, ” CNN’s Daniel Dale, Jeremy Herb, David Wright Organizations: Washington CNN, Democratic, Trump, Super Liberal Democrat, , ‘ Get Trump, New York, CNN, Authentic, Michigan Gov, Arizona Gov, Democratic Party of Wisconsin, House Democrats, California, Senate, The Spectator, Twitter, Manhattan, Attorney Locations: New York, American, , Arizona, York
Since the start of the war in Gaza in October, the aid group said, it had delivered more than 43 million meals there. Mr. Al-Asaad knows many people relied on meals from World Central Kitchen, which often consisted of rice and beans and sometimes meat or chicken. His family rarely got the meals “because the demand was more than the supply,” Mr. Al-Asaad said in an interview on Friday. “Eggs cost more than gold,” Mr. Al-Asaad, 45, wrote in the caption. The World Food Program, an arm of the United Nations, says that famine is imminent in northern Gaza.
Persons: Suhail Al, Asaad, José Andrés, Mr, Biden, Israel, , Mohammad al, Masri, doesn’t Organizations: Mr, Food Program, United Nations, World Health Organization Locations: Gaza City, Rafah, Gaza, WhatsApp
Read previewFormer Russian President Dmitry Medvedev launched a scathing verbal attack against the North Atlantic Treaty Organization on Thursday, calling for a bounty on any Western troops that may enter Ukraine. The Russian official said any NATO forces in Ukraine would be considered part of the "regular forces" fighting against Moscow. Key to that rhetoric has been Russia amplifying the idea that NATO may escalate tensions by sending troops to Ukraine. Advertisement"We don't have any plans of having any NATO combat troops inside Ukraine," NATO Secretary-General Jens Stoltenberg told reporters on Wednesday. AdvertisementOn March 8, Polish Foreign Minister Radek Sikorski said that NATO troops were "already present in Ukraine" but did not say how many were deployed or for what purpose.
Persons: , Dmitry Medvedev, Medvedev, Vladimir Putin, Putin, Mikhail Svetlov, Emmanuel Macron —, Jens Stoltenberg, Radek Sikorski, Sikorski, Maria Zakharova, shouldn't, Sinead Baker, Tony Soprano's, Edward Lucas Organizations: Service, North Atlantic Treaty Organization, Russia's Security, Business, NATO, Moscow, Hitler's, Kremlin, Nazi, Russian, Hague, Security, Pentagon, Polish, Center for Locations: Ukraine, Western Ukraine, Moscow, Soviet, Nazi Germany, Nazi, Russia, Russian, Kyiv, France
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