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☆ Baltimore port bridge collapse: Global ocean carriers declare 'force majeure,' leaving U.S. companies on hook for urgent cargo pickup
▼ + stars: | 2024-03-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.

Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port

☆ Buy these 2 global stocks as inflation fades, HSBC says — giving one 85% upside
▼ + stars: | 2024-03-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As high inflation appears to be waning, a long-neglected set of stocks stands to benefit as consumers settle into a "new normal" of spending, according to HSBC. The investment bank's latest consumer survey suggests positive signs amid the economic uncertainty of the past two years. Inspired by the survey results, HSBC named two companies it sees benefiting from these emerging consumer trends: French video game giant Ubisoft and Swiss travel retailer Avolta . Ubisoft HSBC said its research pointed to resilient consumer spending on video games, which will benefit video game developer Ubisoft . The bank has a buy rating on the stock with a price target of 35 euros ($37.90), representing more than 85% upside from the current share price of around 18.84 euros.

Persons: Paul Rossington, Pankaj Agarwala, Michael Bloom Organizations: HSBC, Ubisoft, Avolta, Ubisoft HSBC, Mar, AAA, U.S Locations: Swiss, U.S

☆ A trucking and rail strategy that boomed during pandemic shocks is heating up again
▼ + stars: | 2024-03-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

The shift in the volume of freight being moved from the East Coast to the West Coast was first highlighted in February in the ITS Port Rail Ramp Freight Index. He said the disruptions from the Suez Canal and Panama Canal have contributed to an almost 20% increase into the West Coast ports. "For our ports, transloading containers is always going to happen and we have the capacity to do more." The West Coast container volume rebound will also have a ceiling. "We probably don't get to the historical 10-year levels of West Coast market share versus East Coast share," Chan said.

Persons: Michael Aldwell, Kuehne + Nagel, Chris Sikora, CH Robinson, Sikora, Tim Robertson, transloading, Paul Brashier, We're, Brashier, Bryan Kempisty, Matt Schrap, Bruce Chan, Chan, CH, Bascome Majors, J.B, Hunt, Schneider, JB Hunt, Jason Seidl, Knight, Swift, Seidl, Larry Organizations: Getty, U.S, Logistics, CNBC, Kuehne, Transportation Intelligence, . Logistics, DHL Global, ITS, Rail, ITS Logistics, Department of Transportation's, PortX Logistics, Harbor Trucking, J.B, Susquehanna International Group, Hub Group, Schneider, Union Pacific, Cowen Group, Universal Logistics Holdings, East, International Longshoremen's Association, Surface Transportation, Canadian Pacific, Kansas City Southern, Uber, Uber Technologies Locations: West Coast, East Coast, Panama, East, Red, Gulf, transload, transloading, West, Suez, Hunt, CH Robinson, Sea, Mexico, Kansas, Mobile , Alabama, Coatzacoalcos, Veracruz, Gulf of Mexico

☆ World Wide Web turns 35: Tim Berners-Lee gives predictions for future
▼ + stars: | 2024-03-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Tim Berners-Lee is credited with inventing the World Wide Web in 1989. These are just some of the predictions for the future of the web from the inventor of the World Wide Web, Tim Berners-Lee, on the 35th anniversary of its invention. Tim Berners-Lee Inventor, World Wide WebBerners-Lee got to continue working on his idea for this information sharing system, and by 1991, the World Wide Web was up and running. When Tim Berners-Lee started work on the World Wide Web 35 years ago, he had no idea it was about to become the ubiquitous force it is today. Tim Berners-Lee Inventor, World Wide Web

Persons: Tim Berners, Lee, Rita Franca, Berners, Fabrice Coffrini, of Berners, Robert Blumofe, Akamai, Blumofe, we'll, Sebastian Derungs, you'll, Chintan Patel, Patel Organizations: CERN, CNBC, AFP, Getty, Microsoft, Samsung, Galaxy, Massachusetts Institute of Technology, Google, Apple, Afp, Forte Ventures, Akamai, Glasswing Ventures, Cisco, Big Tech, Digital Markets Locations: Swiss, London, Berners, U.S

☆ US soldiers say running high-stress artillery ops deep in the ever-changing Arctic is unlike anywhere else
▼ + stars: | 2024-03-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Read previewDeep in the Arctic, US troops are training to conduct difficult and high-stress artillery operations in challenging cold-weather conditions. The challenges, soldiers told Business Insider, come from the freezing temperatures, harsh weather, and unpredictable ground conditions. "There's a lot more than goes into it, especially in the Arctic environment, than the rest of the world," Sgt. Soldiers with 2nd Battalion, 11th Field Artillery, 25th Infantry Division work with M119 Howitzers to enhance their basic artillery skills on Schofield Barracks, Hawaii, June 14, 2020. Troops are being proactive rather than reactive, they told BI, looking for new or alternative firing positions in real time.

Persons: —, Zachary, Paige Behringer, Brandon Vasquez USARPAC, Charles A, Flynn, Abreanna Goodrich, Poole, Timothy Crumpler, Mike Godinez, Martinez, they're, it's, Zachary Tousignant, Stephanie Snyder It's, Tousignant Organizations: Service, Business, Zachary Poole, Artillery, Army, Pacific Multinational Readiness Center, 11th Airborne Division, 2nd Battalion, 15th Field Artillery Regiment, 2nd Brigade Combat Team, Division, Fort Drum , New York . U.S, Staff, U.S, 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, US Army, BI, U.S . Army, Donnelly Training, Spc, U.S . Army Spc, Co, Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, Joint Pacific Multinational Readiness, Martinez Soldiers, 11th Field Artillery, 25th Infantry Division, . Troops Locations: Fairbanks , Alaska, Fort Drum , New York, Utqiagvik, Alaska, China, Russia, North Korea, U.S, Hawaii, Ukraine

☆ Opinion | Inside America’s Shadow War With Iran
▼ + stars: | 2024-03-05 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

You could hold a friendly regatta in the Taiwan Straits compared to where I just visited. I spent two days last week hopscotching in a CH-47 Chinook helicopter among seven U.S. military bases in western Jordan and eastern Syria with America’s senior Middle East Centcom commander, Gen. Michael Kurilla. What you have, instead, is the other Middle East war that began shortly after the tragic Israel-Hamas war that broke out on Oct. 7. They have learned to arm, build, adapt and deploy some of the most sophisticated precision weaponry in the world. That weaponry, provided by Iran, can hit a three-foot-wide target 500 miles away.

Persons: It’s, Michael Kurilla Organizations: Chinese Navy, Air Force, U.S . Navy, America’s, East, ISIS, U.S Locations: Taiwan, China, Jordan, Syria, Israel, Iran, Iraq, U.S, Gulf of Aden, Yemen

☆ Sam Bankman-Fried's parents are begging a judge to keep him out of prison, warning their son's social awkwardness could put him in 'extreme danger'
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Bankman-Fried's lawyers filed a sentencing submission, asking for a prison sentence of no longer than 78 months — or six-and-a-half-years. The US Probation Office, which issues sentencing reports that judges typically rely on, recommended 100 years behind bars — which Bankman-Fried's lawyers called "barbaric." Advertisement"That recommendation is grotesque," Bankman-Fried's lawyers wrote. Sam Bankman-Fried's approach to veganism illustrated both his selflessness and awkwardness, his younger brother, Gabriel Bankman-Fried, wrote in a letter to the judge. In the sentencing submission, Bankman-Fried's lawyers argue that "the most reasonable estimate" for how much his victims lost was "zero."

Persons: —, Sam Bankman, Barbara Fried, Joseph Bankman, Gabriel Bankman, neurodiversity, Sam, Bankman, Lewis Kaplan, Fried, Jane Rosenberg, FTX, Michael M Santiago, Carmine Simpson, Simpson, That's, Gabriel, Seth Wenig, Marc Mukasey, Torrey Young, weren't, Barbara Fried —, John J, Ray III, John Ray Organizations: Service, Business, US, Prosecutors, Alameda Research, Office, Stanford Law, MIT, Wall, of Prisons, San, United, AP Locations: Manhattan, FTX, Brooklyn, Bahamas

SAN DIEGO (AP) — The military said search-and-rescue efforts were continuing for five U.S. Marines after their helicopter went down during stormy weather in the Southern California mountains. Here’s what we know so far:WHAT HAPPENEDA CH-53E Super Stallion helicopter was returning from a training mission in Nevada when it disappeared Tuesday night. About 99 feet (30 meters) long, the Super Stallion can move troops and equipment from ships to shore, ferry supplies and launch amphibious assaults. Nicknamed the “hurricane maker” because of the downwash from its three engines, the Super Stallion has a 50-mile (80.5-kilometer) range. In 2005, a Super Stallion went down in a sandstorm in Iraq, killing 31 people on board.

Persons: Mike Cornette, Joe Biden, Karine Jean, Pierre, “, John Kirby, San Diego County’s, ___ Baldor, John Antczak Organizations: DIEGO, U.S, Marines, Stallion, Civilian, Creech Air Force Base, Marine Corps Air Station Miramar, California Department of Forestry, Fire Protection, CBS, Cal Fire, WHO, Heavy Helicopter Squadron, Marine Aircraft, 3rd Marine Aircraft Wing, Super Stallion, U.S . Navy, White, National Security, U.S . Forest Service, . Border Patrol, San Diego County Sheriff’s Department, Civil Air Patrol, San Diego, Cleveland National Forest, Super, U.S ., Marine Corps, Associated Press Locations: Southern California, Nevada, Pine Valley, San Diego, Las Vegas, California, New York City, San Diego County, Pine, San, Cleveland, Beirut, Somalia, Persian Gulf, Afghanistan, Iraq, Libya, Mogadishu, Miramar, El Centro, Mexico, Washington, Los Angeles

☆ 5 Marines aboard helicopter that went down outside San Diego are confirmed dead, military says
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +2 min

Five U.S. Marines aboard a helicopter that went down during stormy weather in the mountains outside of San Diego are confirmed dead, the military said Thursday. Authorities say the CH-53E Super Stallion vanished late Tuesday night while returning to Marine Corps Air Station Miramar in San Diego after training at Creech Air Force Base, northwest of Las Vegas. "It is with a heavy heart and profound sadness that I share the loss of five outstanding Marines from 3d Marine Aircraft Wing and the "Flying Tigers," Maj. Gen. Michael J. Borgschulte, commander of 3rd Marine Aircraft Wing, said in a statement. The craft was discovered Wednesday morning near the mountain community of Pine Valley, an hour's drive from San Diego. Civilian authorities searching on ground and by air located the aircraft, which went down during stormy weather in the Southern California mountains, about 45-miles (72-kilometers) from San Diego.

Persons: Maj, Michael J, Borgschulte, Borgshulte, Stephanie Leguizamon, Mike Cornette Organizations: Stallion, U.S, Marines, Authorities, Marine Corps Air Station Miramar, Creech Air Force Base, 3d Marine Aircraft Wing, Flying Tigers, 3rd Marine Aircraft, California Department of Forestry, Fire Protection, CBS, Cal Fire, Civilian Locations: Subic Bay Freeport Zone, Philippines, San Diego, Las Vegas, Pine Valley, Southern California

☆ Five Marines Died in Helicopter Crash in California, Military Says
▼ + stars: | 2024-02-08 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: 1 min

The Marine Corps confirmed on Thursday that five Marines had died in Tuesday’s helicopter crash east of San Diego. The announcement from the 3rd Marine Aircraft Wing came after a search and rescue operation located the helicopter on Wednesday in Pine Valley, about 44 miles east of San Diego. But the military did not confirm the deaths of the Marines on board until early Thursday. The Marines were flying from Creech Air Force Base in Nevada to Marine Corps Air Station Miramar in San Diego on a routine training flight when the aircraft was reported “overdue.”Search teams, including the San Diego County Sheriff’s Department and the Civil Air Patrol, combed the snowy and mountainous region on Wednesday until the helicopter, a CH-53E Super Stallion, which is used to carry heavy vehicles, cargo and personnel, was found.

Organizations: Marine Corps, 3rd Marine Aircraft, Marines, Creech Air Force Base, Marine Corps Air Station Miramar, San Diego County Sheriff’s Department, Civil Air Patrol, Stallion Locations: San Diego, Pine Valley, Nevada, San Diego County

☆ The US Marine Corps is looking for 5 Marines after their Super Stallion helicopter went missing
▼ + stars: | 2024-02-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +1 min

The US Marine Corps is searching for five Marines whose helicopter went missing on Tuesday. The CH-53E Super Stallion, which was flying from Nevada to California, was reported overdue. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US Marine Corps is searching for five Marines after their heavy-lift helicopter went missing while it was traveling from Nevada to California on Tuesday. The Marines were flying a CH-53E Super Stallion helicopter from Creech Air Force Base, just north of Las Vegas, to Marine Corps Air Station Miramar, near San Diego, but they didn't arrive when expected.

Persons: — Organizations: US Marine Corps, Marines, Stallion, Service, Marine Corps, Creech Air Force Base, Marine Corps Air Station Miramar, Business Locations: Nevada, California, Las Vegas, San Diego

☆ US military helicopter with 5 on board goes missing en route to San Diego, California
▼ + stars: | 2024-02-07 | by ( Haley Britzky | Andy Rose | ) edition.cnn.com time to read: +2 min

CNN —Rescue crews are searching for a military helicopter with five Marines onboard after it was “reported overdue” en route from a base near Las Vegas to one in San Diego, a US Marine Corps spokesperson said Wednesday. “The Marines were flying a CH-53E Super Stallion helicopter from Creech Air Force Base to Marine Corps Air Station Miramar on Feb. 6, 2024, when the aircraft was reported overdue,” Capt. Stephanie Leguizamon with the 3rd Marine Aircraft Wing said. “The 3rd Marine Aircraft Wing is coordinating search and rescue efforts with the San Diego County Sheriff’s Department and the Civil Air Patrol.”The Marines are assigned to Heavy Helicopter Squadron 361, Marine Aircraft Group 16, 3rd Marine Aircraft Wing, according to Leguizamon. Among those searching for the lost helicopter are California firefighters, Cal Fire San Diego spokesperson Mike Cornette told CNN.

Persons: “, Capt, Stephanie Leguizamon, Mike Cornette, Cornette, ” Cornette, Monica Garrett Organizations: CNN — Rescue, US Marine Corps, Marines, Stallion, Creech Air Force Base, Marine Corps Air, Miramar, 3rd Marine Aircraft Wing, 3rd Marine Aircraft, San, San Diego County Sheriff’s Department, Civil Air Patrol, Heavy Helicopter Squadron, Marine Aircraft, US Navy, Marine Corps Air Station Miramar, Cal Fire San, CNN, Cleveland National Locations: Las Vegas, San Diego, San Diego County, Pine Valley , California, California, Cal Fire San Diego, Lake Marina

SAN DIEGO (AP) — Crews were searching for a Marine Corps helicopter carrying five troops from Nevada to California that was reported overdue early Wednesday, officials said. The Marines were flying a CH-53E Super Stallion helicopter from Creech Air Force Base in Clark County, Nevada, to Marine Corps Air Station Miramar in San Diego, the Marine Corps said in a statement. The five U.S. Marines were assigned to Marine Heavy Helicopter Squadron 361, Marine Aircraft Group 16, 3rd Marine Aircraft Wing at Miramar. The 3rd Marine Aircraft Wing based at Miramar Air Station in San Diego is coordinating search and rescue efforts with the San Diego County Sheriff’s Department and the Civil Air Patrol, the Marine Corps said. It was unclear what time the helicopter took off from Nevada or why it was flying back in the storm.

Persons: — Crews, Matthew Carpenter Organizations: DIEGO, Marine Corps, Marines, Stallion, Creech Air Force Base, Marine Corps Air Station Miramar, U.S, Marine Heavy Helicopter Squadron, Marine Aircraft, 3rd Marine Aircraft, Miramar Air Station, San, San Diego County Sheriff’s Department, Civil Air Patrol, Sheriff’s, National Weather Service, Naval Air System Command Locations: Nevada, California, Clark County , Nevada, San Diego, Miramar, San Diego County, Pine Valley

☆ US Marine Helicopter With Five Aboard Goes Missing in California
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Rescue crews in California were searching for a U.S. Marine Corps helicopter with five crew members aboard that went missing overnight, military officials said on Wednesday, after days of torrential rains in Southern California. The CH-53E Super Stallion helicopter was reported overdue when it failed to reach the Marine Corps Air Station in Miramar, California, near San Diego, after departing Creech Air Force Base in Nevada about 40 miles (60 km) northwest of Las Vegas on Tuesday night, the Marine Corps said in a statement. The sheriff's helicopter was not able to reach the area due to rough weather, ABC reported. The sheriff's department said it also sent all-terrain vehicles to search the area. Firefighters also responded but crews were unable to locate the Marine helicopter, Cal Fire officials told ABC News.

Persons: Brendan O'Brien, Jonathan Oatis Organizations: Reuters, U.S . Marine Corps, Stallion, Marine Corps Air, Creech Air Force Base, Marine Corps, 3rd Marine Aircraft Wing, San, San Diego County Sheriff's Department, Civil Air Patrol, Marines, ABC News, ABC, Firefighters, Marine, Cal Fire Locations: California, Southern California, Miramar , California, San Diego, Nevada, Las Vegas, San Diego County, Chicago

☆ These market signals suggest recession fears aren’t gone yet
▼ + stars: | 2024-02-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

The Dow Jones Transportation Average, which tracks 20 US transportation stocks from railroads to airlines to delivery, has fallen 1.6% so far this year, underperforming the broader Dow industrials’ 2.2% gain. As that optimism dims, some investors worry that the decline in transportation stocks suggests rough times ahead for the economy. The transportation index tends to fall when the economy deteriorates, as demand for travel and goods wanes. Turmoil in the airline industry also likely contributed to the recent slide in transportation stocks. But net profit fell 14% to €4.9 billion ($5.3 billion) as its tax bill rose.

Persons: CH, , ”, Mark Luschini, Janney Montgomery Scott, Russell, Howard Silverblatt, Dow, effusively, ”, Luschini, Jason Heller, “ I’m, Hanna Ziady, Sewing, Read, Tod Steward, He’s, It’s, Parija Kavilanz, Steward, Steward hasn’t, “, haven’t, that’s Organizations: CNN Business, Bell, New York CNN, Dow Jones Transportation, Dow, CH Robinson Worldwide, United Parcel Service, Avis Budget Group, Alaska Air Group, Federal Reserve, Alaska Airlines Boeing, Max, Apple, Microsoft, Meta, Dow Jones, Tesla, Coastal Wealth, Deutsche Bank, Super Bowl, CNN Locations: New York, Seattle

☆ This Swiss auto parts maker's stock could soar by 75%, Vontobel says
▼ + stars: | 2024-01-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Switzerland-listed car parts manufacturer Autoneum's share price could increase by over 70% in the next year, according to Vontobel. The investment bank raised its price target on Autoneum to 215 Swiss francs ($248), representing a potential 74% upside from the current share price of 123.80 francs. However, Autoneum's organic sales grew only 7.2%, lagging the broader recovery, according to the car parts maker's full-year revenue results, released Monday. CHF= 1Y line When excluding negative currency effects that lowered sales by 7.2%, Autoneum's 2023 revenue was 2.43 billion Swiss francs, meeting the company's own guidance. In contrast to Vontobel's bullish outlook, Swiss bank UBS has a neutral view of the stock, with a price target of 110 CHF — 10% below the current share price.

Persons: Vontobel, Arben Hasanaj Organizations: BMW, Ford, Renault, Mercedes, GM, Volvo, UBS, — Locations: Switzerland, Zurich, Asia, Swiss

☆ Missions like the nighttime sea raid that saw 2 Navy SEALs go missing are 'dangerous' and 'complex,' former Special Forces soldier says
▼ + stars: | 2024-01-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Two Navy SEALs went missing at sea during a raid to interdict smuggled Iranian weapons last week. Western forces have carried out numerous visit, board, search, and seizure (VBSS) missions in recent years. These operations can be "dangerous" and "complex," a former US Special Forces soldier said. A former US Special Forces soldier said these missions are particularly "dangerous" and "complex" for a number of reasons, including the difficulty of successfully mounting a moving target and the potential to encounter hostiles once on board. AdvertisementUS forces seized this dhow during a nighttime mission on Jan. 11, 2024, and maintained custody of it the following day.

Persons: —, hostiles, Lino Miani, USS Lewis B, CENTCOM, Michael Kurilla, Melissa Parrish, there's, Miani, Jason Dunham, Kyle McNally CENTCOM, Kurilla Organizations: Navy, US Special Forces, Service, Operations, Green Beret, Insider, USS, Puller, Central Command, US, Command Public, US Navy, US Army Green Berets, Combat, Foundation, US Navy SEAL, Royal Jordanian Naval Base, US Army, Troops, Pentagon, 1st, Special Operations, US Marine Corps, UN Locations: Somalia, Iran, Yemen, Aqaba, Camp Pendleton , California, Iranian

☆ Tesla now has a clear China EV competitor. What’s next for BYD?
▼ + stars: | 2024-01-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bernstein didn't even initiate coverage of BYD until September, with an outperform rating and price target of 359 Hong Kong dollars. BYD trades in Hong Kong, and on the Shenzhen exchange in mainland China. "I'm a long observer and investor in Tesla," Ogan said. "What I think will tip BYD like the volumes tipped Tesla is when people start realizing BYD is an energy company," Ogan said. Nomura's China autos and auto parts analyst Joel Ying likes BYD with an even higher price target of 382 Hong Kong dollars.

Persons: BYD, Bernstein didn't, Warren Buffett's Berkshire Hathaway, Taylor Ogan, Ogan, Tesla, Xiao Feng, CLSA, Joel Ying, Ying, Xiaomi's SU7, That's, — CNBC's Michael Bloom Organizations: Hong, Snow Bull, Nasdaq, Elon Musk's, HK, Hesai Tech Locations: Hong Kong, Norway, Brazil, China, Shenzhen, Asia, Europe, North America, U.S, Inovance, Ningbo Tuopu

☆ CNN took an 11-day cruise through some of the most-contested waters on Earth. Here’s what we learned
▼ + stars: | 2023-12-03 | by ( Brad Lendon | ) edition.cnn.com time to read: +23 min

China claims almost all of the 1.3 million-square-mile South China Sea as its sovereign territory. In daylight hours in the South China Sea, from Ottawa’s flight deck or outdoor bridge wings, Chinese warships are often visible to the naked eye. Aviator Gregory Cole/Canadian Armed Forces PhotoOn October 29, things take a potentially dangerous turn, one that could have cost lives and ratcheted up tensions in the South China Sea to new levels. Radar operators scan their instruments in a Canadian antisubmarine warfare helicopter over the East China Sea. Hammerhead targets drones await their fate on the deck of the frigate HMCS Ottawa in the South China Sea.

Persons: Sam Patchell, Jacob Broderick ,, Ben Hughes, Gregory Cole, he’s, “, King Neptune, Xi Jinping, Brad Lendon, Rafael Peralta, Collin Koh, ” Patchell, Patchell, Aviator Gregory Cole, ”, haven’t, Xi, Rob Millen, they’d, Long, Peralta, It’s, Qinetiq, Noble, That’s, Cmdr, Sean Milley, Christine Hurov, Wally Shirra, it’s, Wally Schirra, Loverboy’s, Australia’s, doesn’t, We’ll Organizations: HMCS, HMCS Ottawa CNN, Royal Canadian Navy, Canada, United, Naval Warfare Officers, Canadian Armed Forces, US Navy, Ottawa, CNN, Canada’s Defense Ministry, Chinese Communist Party, Coast Guard, Rajaratnam, of International Studies, People’s Liberation Army Navy, PLA Navy, United Nations, Ottawa's, Cyclone, Canadian, Royal Canadian Air Force, Chinese Defense Ministry, Pentagon, troika, Peralta, Brisbane, CNN Radio, New, New Zealand Navy’s, Cmdr, HMNZS Aotearoa, Australian, Southern Hemisphere, One Locations: HMCS Ottawa, Taiwan, Ottawa, China, United States, Canadian, South China, Gaza, Ukraine, East, Washington, Singapore, Beijing, Spratly, Vietnam, Philippines, Malaysia, Brunei, Chinese, South, East China, CNN Beijing, Canada, Gulf of Mexico, West Coast, Australian, Brisbane, Australia, Japan, New Zealand, Okinawa, replenishments, Aotearoa, American, Ottawa’s

☆ After a tough quarter for the global luxury sector, UBS reveals the 3 stocks to buy for 2024
▼ + stars: | 2023-11-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors looking ahead to 2024 should pick up shares of Hermes , Cartier owner Richemont and Hugo Boss in the luxury goods sector, according to UBS. The Swiss investment bank has a bullish call on those three stocks, though it struck a more cautious tone for the sector. RMS-FR CFR-CH,BOSS-DE YTD line UBS has a price target of 85 euros ($93) a share for Hugo Boss, which points to a 38% upside from the current share price. The Swiss bank also raised its price target for Hermes to 2,216 euros, which is 12% above its current share price. The outlook for the three stocks contrasts with UBS' view that slowing sales momentum and easing pricing power warrant caution on the luxury sector on the whole.

Persons: Cartier, Richemont, Hugo Boss, Zuzanna Pusz, Hermes Organizations: Hermes, UBS, Amundi, CFR, Burberry, EssilorLuxottica, Swatch, Tod's Locations: Swiss

☆ CNBC Daily Open: Despite cool inflation, don’t expect rate cuts
▼ + stars: | 2023-11-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Valerie Plesch| Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wholesale prices in October, as measured by the producer price index, fell 0.5% for the month against the expected 0.1% increase. And that, to put it mildly, "may be at least a tad optimistic," Cox wrote. Expectations of a rate cut forced down Treasury yields Tuesday (though they rose again yesterday).

Persons: Valerie Plesch, Jeff Cox, Cox, Quincy Krosby, Henry Allen, — Organizations: Eccles Federal, Bloomberg, Getty, CNBC, Major, Nasdaq, Dow Jones Industrial, Federal Reserve, Investors, Treasury, LPL, Deutsche Bank, Fed Locations: Washington , DC, Major U.S

☆ We're not headed for another global financial crisis, top UBS economist says after recession warning
▼ + stars: | 2023-11-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed earlier this month. "I don't think we're facing the next GFC [global financial crisis]," he said on the sidelines of the UBS European Conference. Credit tightening does play a role when it comes to the lag of Federal Reserve monetary policy filtering through to the economy, Pingle suggested. The Federal Reserve began hiking interest rates in March 2022 in an effort to ease inflation and cool the economy. "It's great news for the Federal Reserve in their quest to restore price stability," Pingle told CNBC on Wednesday.

Persons: Jonathan Pingle, Pingle, CNBC's Joumanna Bercetche, It's Organizations: UBS, Federal Reserve Bank of New York, UBS European Conference, Silicon Valley Bank, Federal Reserve, CNBC, Wednesday, Fed Locations: Silicon

☆ CNBC Daily Open: Strange, but good, things are happening in markets and the economy
▼ + stars: | 2023-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, the 10-year Treasury yield fell around 10 basis points to 4.569% and the 2-year yield slipped 3 basis points to 4.915%. As Treasury yields serve as the benchmark for interest rates on loans and cash investments, sinking yields generally benefit rate-sensitive companies more. Both the economy and markets have truly acted in strange, unprecedented ways ever since the pandemic.

Persons: Spencer Platt, they're, WTI's, that's, Alastair Pinder, Austan Goolsbee, — Organizations: New York Stock Exchange, Getty, CNBC, West Texas Intermediate, Brent, Treasury, Big Tech, Amazon, Nasdaq, Dow Jones, Dow, U.S . Federal, HSBC, Chicago Federal Locations: New York City, That's, Israel

☆ CNBC Daily Open: Goolsbee’s ‘golden path’ is still visible
▼ + stars: | 2023-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

David Paul Morris | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineLast month's sudden surge in Treasury yields and oil prices — both of which tend to suppress investors' appetite for stocks — looks to be ending. As Treasury yields serve as the benchmark for interest rates on loans and cash investments, sinking yields generally benefit rate-sensitive companies more. Chicago Federal Reserve President Austan Goolsbee told CNBC, "Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation down without a recession."

Persons: Goolsbee, David Paul Morris, they're, WTI's, that's, Alastair Pinder, Austan Goolsbee, — Organizations: Federal Reserve Bank of Chicago, Bloomberg, Getty, CNBC, West Texas Intermediate, Brent, Treasury, Big Tech, Amazon, Nasdaq, Dow Jones, Dow, U.S . Federal, HSBC, Chicago Federal Locations: Moran , Wyoming, That's, Israel

☆ Exclusive: Chinese jet fired flares close to submarine-hunting helicopter in South China Sea, Canadian Navy says
▼ + stars: | 2023-11-03 | by ( Brad Lendon | ) edition.cnn.com time to read: +8 min

The first incident was over international waters outside of 34 miles from the Paracel Island chain in the northern part of the South China Sea. The warship was operating in international waters 100 miles (160 kilometers) east of the Paracels at the time. The Canadian helicopter was searching for a previously detected submarine when the incidents occurred, officers aboard the Ottawa said. The Paracels, called the Xisha Islands by China, are in the northern part of the South China Sea, east of Da Nang, Vietnam, and south of China’s Hainan Island. On Tuesday, a PLA fighter jet came within 10 feet of a US Air Force B-52 bomber flying over the South China Sea, the US military said.

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