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But Mizuho expects things will play out differently, and instead raises its price target on the electric vehicle maker, citing challenges with its robotaxis. Morgan Stanley stands by Starbucks, keeping it at an overweight, but lowering its price target. Fong's $155 price target suggests shares can jump another 19.3% over Thursday's closing level, building on a year of monster gains. Analyst Doug Anmuth hiked the mega-cap technology stock's price target by $100 to $750, now implying 14.9% upside from Thursday's close. While he upped his price target by $50 to $197, that fresh target reflects a drop of 18.3%.

Persons: Morgan Stanley, Cody Acree, Acree, — Alex Harring, Jon Tower, Chipotle, Alex Harring, BTIG, Marvin Fong, Fong, Carvana, CarMax, Doug Anmuth, Anmuth, Anmuth's, that's, he's, Christina Cheddar Berk, Vijay Rakesh, Rakesh, Joseph Spak, Spak Organizations: CNBC, UBS, Starbucks, JPMorgan, Netflix, Nvidia, Citi, Harbour, Tesla, robotaxis, Bloomberg Locations: Thursday's, premarket, China

☆ What we can expect from 'Captain America 4: Brave New World'
▼ + stars: | 2024-07-12 | by ( Olivia Singh | ) www.businessinsider.com time to read: +8 min

Julius Onah will direct the fourth Cap film, "Captain America: Brave New World" (previously titled "New World Order"). AdvertisementAnthony Mackie will be joined by familiar faces from the MCU and new additionsMackie, Carl Lumbly, and Danny Ramirez star in "Captain America: Brave New World, directed by Julius Onah. AdvertisementGiancarlo Esposito will make his MCU debut as a villainGiancarlo Esposito plays a mysterious, villainous character in "Captain America: Brave New World." 'Captain America: Brave New World' is set for release on February 14, 2025Harrison Ford and Anthony Mackie costar in "Captain America: Brave New World." Then in May, The Hollywood Reporter said that "Brave New World" would undergo reshoots over the course of 22 days.

Persons: —, America, Anthony Mackie, Mackie, I've, Julius Onah, Carl Lumbly, Danny Ramirez, Corey Nickols, Isaiah Bradley, Joaquin Torres, Tim Blake Nelson, Samuel Sterns, He's, Liv Tyler, Betty Ross, Thaddeus Ross, Shira Haas, Sabra, Xosha Roquemore, Sebastian Stan, Bucky Barnes, Mackie's, he'll, Florence Pugh's Yelena Belova, David Harbour's, Wyatt Russell's, Anthony, Stan, Chris Evans, Steve Rogers, Variety, Chris, I'm, Sebastian, Wyatt, Harrison Ford, William Hurt, Ford, Ross, Sam Wilson, Kevin Feige, Tim Blake Nelson's, Stern, Bruce Banner's, Sam, Onah, Brandon Davis, Giancarlo Esposito, Esposito, he'd, Jesse Grant, Eli Adé, Marvel Studios Onah, Marvel, Matthew Orton, Hulk, Haas, Ruth Bat Organizations: Service, Disney, Marvel, Business, Guardian, Entertainment, Marvel Studios, America, Universal Pictures, ComicBook.com, Hollywood Reporter, Government Locations: Anaheim , California, United States, CCXP, Brazil, CinemaCon

☆ What US sub-hunter planes can learn watching advanced Russian submarines like the one that showed up near Florida
▼ + stars: | 2024-07-11 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Read previewRussian submarines have surfaced on the doorsteps of the US and other NATO allies in recent weeks. AdvertisementA Russian submarine photographed by a P3 Maritime Patrol Aircraft while sailing in the Baltic Sea. NATO Maritime CommandA few weeks later, a Portuguese P-3 Orion anti-submarine warfare and maritime surveillance aircraft captured photos of a Russian submarine operating in the Baltic Sea. The photographs showed the Russian sub surfacing in the water and were shared by NATO on X. The Russian nuclear-powered submarine Kazan, part of the Russian naval detachment visiting Cuba, leaves Havana Harbour.

Persons: —, Gorshkov, Bryan Clark, Greg L, Davis, Tom Shugart, YAMIL LAGE, Clark, Russia wasn't Organizations: Service, NATO, Business, Maritime Patrol Aircraft, NATO Maritime Command, US Navy, Hudson Institute, US, Bureau, Air, Squadron, Submarine, Center, New, New American Security, Caliber, YAMIL, Getty Locations: Kazan, Russian, Cuba, Havana, Baltic, Portuguese, Russia, New American, Havana Harbour, AFP, Portugal, Novorossiysk, Dmitrov

☆ I visit Disney World 4 times a week. Here are 11 of the most disappointing restaurants across the property.
▼ + stars: | 2024-06-28 | by ( Jenna Clark | ) www.businessinsider.com time to read: +7 min

Read previewI live a couple of minutes from Disney World and visit the parks about four times a week. I've dined at about 60% of the restaurants at Disney World (both table service and quick service), and there are hits and misses. I usually enjoy a plate of chicken Parmesan or spaghetti, but not from here. I'd recommend visiting Tutto Gusto or Tutto Italia at Epcot if you're wanting some high-quality Italian cuisine at Disney World. I can't express how delicious the food is at Boma — it's some of the best food I've had at Disney World.

Persons: —, I've, Pecos Bill, Jenna Clark, Jenna Clark Tony's, Melrose's, I'd, I'm, Jenna Clark Coral, haven't, Mouse, Mickey Mouse, Dale, Boma Organizations: Service, Disney, Business, Pecos, Pecos Bill, Magic, Disney's, Columbia, Columbia Harbour House, House, Hollywood Studios, Epcot, Fish, Rose & Locations: Magic, Pecos, Tony's, Columbia Harbour, Epcot, it's, Southern, Yorkshire, Jenna Clark Yorkshire

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. Asia-Pacific markets mostly opened lower Wednesday as investors anticipate Australia's inflation numbers for May and Singapore's May manufacturing output data. Australia's weighted inflation rate is expected to come in at 3.8% in May, according to a Reuters poll of economists. The reading comes after Reserve Bank of Australia Governor Michelle Bullock recently revealed the central bank discussed hiking rates at its last meeting. The RBA has two inflation readings to consider — June 26 and July 31— before its next meeting on Aug. 6.

Persons: Michelle Bullock, Singapore's Organizations: Sydney Harbour, Opera House, Singapore's, Reserve Bank of Australia Locations: Sydney, Australia, Asia, Pacific, Japan

☆ US Navy nuclear ballistic missile submarine surfaces off Norway in unusual flex as 'Doomsday' plane flies overhead
▼ + stars: | 2024-06-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewA US Navy nuclear-powered ballistic submarine popped up in the Norwegian Sea this week in a rare show of force. As suspected, deployment of E-6B TACAMO nuclear command, control and communication aircraft to Norway indicated forward operations with nuclear missile submarines. AdvertisementThe Russian nuclear-powered submarine Kazan, part of the Russian naval detachment visiting Cuba, arrives at Havana's harbour, June 12, 2024. ADALBERTO ROQUE/AFP via Getty ImagesAs the "boomers," or ballistic missile subs, are an element of the US nuclear triad, the US Navy doesn't regularly reveal where they are. The US has also made similar revelations in other parts of the world with its Ohio-class cruise missile submarines, which carry 154 land-attack Tomahawks.

Persons: —, ste, Russ, ove Out" (TA, ulf, Hans Kris, zan, ott, d in Cu Organizations: Service, US Navy, US Naval Forces, 6th Fleet, USS, Business, ucl, ust, NATO, rit Locations: Norwegian, US Naval Forces Europe, Africa, USS Tennessee, Normandy, pec, ADAL, dvinsk, surf

☆ Buying a house? These US cities now among the world’s most ‘impossibly unaffordable’
▼ + stars: | 2024-06-14 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Australia is the only other country besides the US to dominate the “impossibly unaffordable” list, led by Sydney and the southern cities of Melbourne in Victoria and Adelaide in South Australia. But it also blames soaring house prices on land use policies, including “urban containment,” a kind of planning designed to stop urban sprawl. “Toronto and Vancouver show that the cost of taming expansion is unacceptably high: inflated house prices, higher rents and, for increasing numbers of people, poverty,” Cox wrote. The report was compiled by researchers from the Center for Demographics and Policy at Chapman University in California and the Frontier Centre for Public Policy, an independent public policy think tank in Canada. Top 10 “impossibly unaffordable” cities

Persons: it’s, William West, Tyrone Siu, Wendell Cox, Valier, ” Cox, ”, St Louis Organizations: CNN, Getty, Hong, Victoria Harbour, Frontier Centre, Public Policy, Canada, Canadian, New, St, Chapman University in Locations: United States, ”, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia, Maribyrnong, AFP, Hong Kong, Singapore, New Zealand, Toronto, Valier Macon, Vancouver, Pittsburgh, Rochester, Edmonton, Calgary, Canada, Blackpool, Lancashire, Glasgow, United Kingdom, Perth, Brisbane, Chapman University in California

☆ Russian warships enter Havana harbor under Washington's watchful eye
▼ + stars: | 2024-06-12 | by ( ) www.cnbc.com time to read: +2 min

The Russian nuclear-powered submarine Kazan (L) and the class frigate Admiral Gorshkov, part of the Russian naval detachment visiting Cuba, arrive at Havana's harbour, June 12, 2024. Russian navy ships churned into Havana harbor on Wednesday, a stopover the U.S. and Cuba said posed no threat but which was widely seen as a Russian show of force as tensions rise over the Ukraine war. Cuba said last week that the visit was standard practice by naval vessels from countries friendly to Havana. "At no point have the ships or submarine posed a direct threat to the United States." "The visiting Russian warships are Putin's way of reminding Biden that Moscow can challenge Washington in its own sphere of influence," Leogrande said.

Persons: Gorshkov, Nikolay Chiker, Biden, Russia —, William Leogrande, Leogrande Organizations: U.S, Reuters, U.S . Naval Air Station, Russia, American University, Washington Locations: Russian, Cuba, Havana's, Havana, Ukraine, United States, Key West , Florida, Moscow

CNN —A group of Russian Navy ships, including a nuclear-powered submarine, arrived in Cuba on Wednesday morning in a sign of strengthening ties between the two Cold War allies. The four Russian ships are now docked in berths usually occupied by cruise ships. The US has also deployed air assets, including a P-8 Poseidon reconnaissance plane, to circle overhead the Russian vessels. The rescue and tugboat Nicolay Chiker, part of the Russian naval detachment visiting Cuba, arrives at Havana's harbour, June 12, 2024. According to a Cuban Armed Forces Ministry statement, none of the Russian ships are armed with nuclear weapons.

Persons: Gorshkov –, Gorshkov, Adalberto Roque, Donald Cook, Joe Biden, Nicolay Chiker, ”, weathers Organizations: CNN, Russian Navy, Military, Kazan, Getty Images, Russian Ministry of Defense, Russian MOD, US Navy, Coast Guard, US, Pentagon, State Department, Russian, Cuba’s Foreign, Cuban Armed Forces Ministry, Soviet Union, Cuban Missile Locations: Cuba, Russian, Havana, Spanish, Kazan, Florida, Russia, Ukraine, Havana's, AFP, Caribbean, Canada, Washington, Moscow

☆ From hiking to exploring arts and inspired cuisine, enrich your Hong Kong "bizcation" itinerary with these daytime activities between meetings
▼ + stars: | 2024-06-11 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Hong Kong is known as a global center of trade and finance, but the city has much more to offer. Here are some must-do daytime experiences to check out between meetings and conferences, transforming your time in Hong Kong from "work trip" to an enriching "bizcation." Sample daytime bizcation itinerary Grab a plastic stool at Shui Kee Coffee to try some of the city's best French toast and Hong Kong milk tea. Find inspiration in Hong Kong's colorful art sceneThere are dozens of museums sprinkled around Hong Kong, but M+ is arguably its most impressive. Hong Kong Tourism BoardIf you're looking for a quiet escape, hop on a ferry to Cheung Chau, a much-loved getaway for Hong Kongers.

Persons: Shui Kee Coffee, Qing, it's, It's, Yau Ma, HKwalls, Ling Lane, Chan Lane, Chung, you've, Wong Tai, Nan Lian Garden, Tai, Hing, Get, Cheung Chau, Hong Kongers, Yang Organizations: Shui, Kowloon Cultural, Hong, Hong Kong Palace Museum, . Hong Kong Tourism Board, Art, Hollywood, Lin, Hong Kong Tourism Board, Hing Kee, Michelin, Rosewood Hong, Insider Studios Locations: Hong Kong, Shui Kee, Kowloon, Victoria Harbour, Hong Kong Palace, Jordan, . Hong Kong, Sai Ying, Wong Tai Sin, Mo, Sheung Wan, Tai Sin, Hing Kee Shanghai, Cheung

☆ A memorable bizcation requires a unique blend of work and play. Hong Kong is the perfect destination to make it happen.
▼ + stars: | 2024-06-11 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

When the sun sets in Hong Kong, the sprawling urban metropolis transitions from work to play. Arguably the world's best "bizcation" destination, Hong Kong offers endless activities once business travelers close their laptops for the day. Hong Kong Tourism BoardTo add a bit of mystery into your bizcation, consider exploring Hong Kong's speakeasies. Hong Kong Tourism BoardBut that's not the only attraction lighting up Hong Kong. A memorable bizcation requires a unique blend of work and play — and Hong Kong is the perfect destination to make it happen.

Persons: Hong, Chef Danny Yip, Vicky Cheng, it's, Chai, Noodle, speakeasies, that's, Luna Organizations: Network, Hong Kong's, Argo, Hong Kong Tourism Board, former Marine Police Headquarters, Hong Kong Tourism Board Hong, Insider Studios Locations: Hong Kong, there's, Hong, Wing, Victoria, Clearwater Bay, Tai Hang

☆ These restaurants are taking the lead on AI and robots. What it means for their stocks
▼ + stars: | 2024-06-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +11 min

Restaurants have traditionally lagged behind other sectors in their adoption of technology, but rising labor costs have changed the narrative. Major food industry players are making strides to invest in innovation, including AI and robotics. While it is still early days, analysts have already identified some companies that are taking the lead. YUM YTD mountain Yum Brands shares year to date Robots peeling avocados, mixing salads The use of robotics in restaurants is at its nascence. Chipotle, Sweetgreen and Cava partially have an advantage due to the nature of their products, which offer customers a bowl of mixed ingredients as an end order.

Persons: Bernstein, Danilo Gargiulo, Gargiulo, Morgan Stanley, Brian Harbour, Payne Capital Management Courtney Garcia, Rahul Krotthapalli, They've, Courtney Garcia, Garcia, Payne, Piper Sandler, Chipotle Organizations: Wall, CNBC, Google, Payne Capital Management, Starbucks, JPMorgan, Yum Brands, KFC, Taco Bell, Systems, Collider Lab Locations: Cava, Chipotle, Sweetgreen

☆ A new 'Hellboy' reboot is reportedly being released in August, but the lack of publicity has fans worried
▼ + stars: | 2024-05-31 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

"The Crooked Man" is based on the creepy, stand-alone tale of the same name from the comics, and Mignola confirmed that it finished filming in May 2023. This has led some fans to speculate, albeit without evidence, that Millennium Media was making it to keep the rights to the franchise. AdvertisementThis has led some fans to speculate, albeit without evidence, that Millennium Media is making it to keep the rights to the franchise. Commentby from discussioninHellBoyRepresentatives for Millennium Media and Ketchup Entertainment did not respond to Business Insider's request for comment. Advertisementto be clear: there is exactly *ZERO* AI used on hellboy: the crooked man.

Persons: —, Mike Mignola's, Ron Perlman, Guillermo del Toro, David Harbour, Mignola, Taylor, Leah McNamara, Jefferson White, Jack Kesy, Adeline Rudolph, Joseph Marcell, ike, omics, ake, evert, rian, aylor, rian T aylor Organizations: Service, Millennium Media, Entertainment, Business, Office Mojo, Media Locations: Spanish

☆ Lily Allen says her husband, actor David Harbour, controls the apps on her phone
▼ + stars: | 2024-05-27 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

Lily Allen says her husband, David Harbour, has control over the apps she has on her phone. "It has no browsing capability and no social media, but you can still have Uber and Spotify," she told The Sunday Times. AdvertisementLily Allen, 39, says her husband, David Harbour, has control over the apps that she has on her phone. It has no browsing capability and no social media, but you can still have Uber and Spotify," Allen told The Sunday Times. "My husband is the caregiver on it, so he controls what I'm allowed to have as an app on my phone."

Persons: Lily Allen, David Harbour, —, Miquita Oliver, Allen Organizations: Sunday Times, Service, Business

☆ Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
▼ + stars: | 2024-05-02 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company (ADNOC) and G42, a major Abu Dhabi-based AI and cloud company. The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release. ADNOC will in turn get a 4% stake in Presight, as it aims to integrate AI into more of its operations and services. AIQ uses AI and machine learning to improve processes in the oil and gas industry.

Persons: Presight, ADNOC, CNBC's Dan Murphy, Chris Cooper, We've, Cooper Organizations: United, United Arab Emirates, Abu Dhabi National Oil Company Locations: Harbour, Abu Dhabi, United Arab, DUBAI, AIQ, Presight, ADNOC

☆ McDonald's is still a share gainer despite sales slowdown, says Brian Harbour
▼ + stars: | 2024-04-30 | 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 EmailMcDonald's is still a share gainer despite sales slowdown, says Brian HarbourBrian Harbour, Equity Analyst at Morgan Stanley, discusses earnings from McDonald's and Starbucks.

Persons: Brian, Morgan Stanley Organizations: Equity, Starbucks Locations: Harbour

☆ Singer Lily Allen weighed in on an age-old airline debate, saying she flies first class, but her kids go coach
▼ + stars: | 2024-04-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Lily Allen is happy to leave her kids in economy while she flies first class. But Allen said she's not a fan of people boasting on social media about refusing to swap their first class seat with families. AdvertisementBritish singer Lily Allen has weighed into the great debate over whether children should be allowed to sit in first class on flights. Allen said she's happy to send her kids to economy class while she takes a seat in first class. "I'm going in first class, she's going in economy."

Persons: Lily Allen, Allen, she's, —, Miquita Oliver, Ethel, Marnie, David Harbour, Oliver, Miquita, Lily, ANGELA WEISS, it's, Allen doesn't, …, They've, I'd, I'm Organizations: Service, Radio Locations: British, New York, London

☆ Top EU official warns on 'weaponization of trade' as tensions ramp up between the U.S. and China
▼ + stars: | 2024-04-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Valdis Dombrovskis, Vice-President of the European Commission for the Euro & Social Dialogue, photographed at the Renaissance Harbour View Hotel in Wan Chai. 02DEC17 SCMP/ Xiaomei Chen (Photo by Chen Xiaomei/South China Morning Post via Getty Images)The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China. EU trade commissioner Valdis Dombrovskis told CNBC that he did not believe trade "protectionism" was the answer to heightened geopolitical tensions, but insisted that the bloc was willing to defend itself in the new trade environment. "The geopolitical landscape is changing, it's getting more fragmented, it's getting more conflictual, we see the weaponization of trade. So we need to equip ourselves also as the European Union to function in this more conflictual world," Dombrovskis told CNBC's Karen Tso.

Persons: Valdis Dombrovskis, 02DEC17, Xiaomei Chen, Chen Xiaomei, Dombrovskis, Karen Tso, Mario Draghi, Joe Biden, Katherine Tai Organizations: European Commission, South China Morning, Getty, U.S, CNBC, European Union, European Central Bank, U.S . Trade Locations: Wan Chai, South, China, EU, Pennsylvania, U.S

☆ Scientists went on a hunt for the elusive colossal squid — and brought cruise ship tourists with them
▼ + stars: | 2024-04-15 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Kolossal hopes to film a colossal squid in its natural habitat, the waters around Antarctica. The scientists were searching for the colossal squid, an evasive cephalopod that can weigh 1,100 pounds. The enigmatic colossal squidMeasuring about 46 feet with its tentacles spread out, the colossal squid is nevertheless hard to spot. Advertisement"We're not claiming this is the colossal squid, but it's also not not a colossal squid," Mulrennan said of footage of a translucent squid that the camera filmed. Kolossal/MulrennanBased on assessments of experts who have seen the footage, it's impossible to tell whether the animal is a young colossal squid or a full-grown glass squid.

Persons: Kolossal, —, Matthew Mulrennan, Mulrennan, Kat Bolstad, Myrah Graham, Graham, Mulrennan wasn't, Matt Mulrennan, it's, they're, Jennifer Herbig, Mulrennan Mulrennan Organizations: Service, Juvenile, University's Marine Institute, University of Auckland, Endeavour, Intrepid, Endeavor, Marine Locations: Antarctica, icefish, Paradise Harbour

☆ UK Nobel Prize-winning physicist Peter Higgs dies aged 94
▼ + stars: | 2024-04-09 | by ( Story Reuters | ) edition.cnn.com time to read: +5 min

London —Physicist Peter Higgs, whose theory of an undetected particle in the universe changed science and was vindicated by a Nobel prize-winning discovery half a century later, has died aged 94, the University of Edinburgh said on Tuesday. Higgs described himself as “incompetent” in the physics laboratory at school and at first preferred maths and chemistry. What came to be known as the Higgs boson would solve the riddle of where several fundamental particles get their mass from: by interacting with the invisible “Higgs field” that pervades space. That interaction, known as the “Brout-Englert-Higgs” mechanism, won Higgs and Belgium’s Francois Englert the Nobel prize in physics in 2013. CERN’s massive Large Hadron Collider finally proved to be the sledgehammer needed to crack the nut, and in 2012 two experiments there independently found the Higgs boson.

Persons: Peter Higgs, Higgs, “ Peter Higgs, ”, Sir Peter Mathieson, Paul Dirac, Belgium’s Francois Englert, Robert Brout, “, Rolf Heuer, welling, theoreticians, Jody Williamson, ’ ”, Robert Evans, Tom Miles, Farouq Suleiman, Pravin Char, Mark Heinrich Organizations: London, University of Edinburgh, CERN, Reuters, “, Edinburgh University, Fermilab, Collider, chuckling Locations: Geneva, Chicago, American, Edinburgh

☆ One of the oldest hotels in Hong Kong is the definition of luxury. 13 photos offer a glimpse inside Art Basel's hotel partner, The Peninsula.
▼ + stars: | 2024-04-06 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +2 min

The Peninsula Hotel in Hong Kong, an iconic property that opened in 1928, offers a luxury experience. Steps away from the glistening Victoria Harbour sits the Peninsula Hotel. The flagship hotel in the Peninsula Hotels group, which boasts properties worldwide, opened in December 1928, making it one of the oldest hotels in Hong Kong. The iconic hotel, one of the official hotel partners of Art Basel Hong Kong, sponsored by the global lead partner UBS, is nestled right on the Kowloon Peninsula in Tsim Sha Tsui. Thanks to their Art in Resonance program, it's also home to four memorable art pieces featuring "emerging and mid-career" artists.

Persons: —, Chanel, Harry Winston, it's, Bon Jovi, Tom Cruise Organizations: Service, Hotels, Art Basel, UBS Locations: Hong Kong, Art Basel Hong Kong, Tsim Sha Tsui

☆ The best street style we spotted at Art Basel Hong Kong 2024
▼ + stars: | 2024-04-03 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +1 min

Fashion's elite, including Maison Margiela's Stefano Rosso, attended Art Basel in Hong Kong last month. BI was in Hong Kong to admire art, but also the city's innovative fashion sense. This article is part of BI's 2024 Art Basel series, taking you inside the art fair's global scene. Fashion and art are inextricably linked — evident at this year's Art Basel in Hong Kong. The art fair, sponsored by UBS, attracted more than 240 galleries from around the world to descend on the Hong Kong Convention and Exhibition Centre last month.

Persons: Maison Margiela's Stefano Rosso, —, Art Basel Organizations: Art Basel, BI, Service, Art, UBS, Hong Kong Convention, Exhibition, Harbour Locations: Hong Kong, Basel, Art Basel, Hong

☆ No slowdown in spending among the wealthy on this Bahamian island
▼ + stars: | 2024-03-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). "I hear she's staying right up the street," a woman sitting alone at the bar told us. With a population of only 1,800, Harbour Island and its one and only town, Dunmore Town, makes Saint Barts (population 11,000) look like midtown Manhattan. The woman herself, she explained, had moved to Eleuthera, a 10-minute water taxi ride away, where the hoi polloi rarely come, apparently. All of which begs the question: Why on earth would anyone, let alone Taylor Swift and a bunch of billionaires, come to this tiny speck?

Persons: Taylor Swift, Travis Kelce, speck, bemusement, Barts, she's, eyeing, Saint Locations: Bahamas, Dunmore Town, Manhattan, Eleuthera

☆ Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands
▼ + stars: | 2024-03-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. Kering plunged to the bottom of the Stoxx 600 after a delayed open, dragging other European luxury lines with it. Gucci comparable revenues in the first quarter are expected to be down by nearly 20% year on year." The slowdown is expected to derive primarily from Asia — and chiefly from China, whose economy has been struggling.

Persons: Gucci, Kering, Christian Dior, Hermes, Burberry Organizations: Wharf Holdings Ltd, Gucci, Asia — Locations: Harbour City, Hong Kong, China, Asia, London, Pacific

☆ Worried about lofty valuations? Berenberg names 5 top stocks in a 'cheap' sector
▼ + stars: | 2024-03-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

As concerns swirl about lofty valuations in the stock market and investors focus on AI companies, strategists at Berenberg see one sector as a relative bargain: energy. The global energy sector is trading around record low valuations relative to the broader market, according to the German investment bank. "The European energy sector has never been this cheap on trailing price/book multiples, both on an absolute and relative basis," the bank said. Aside from valuations, Berenberg also suggested that fundamentals support owning energy stocks. "Tight energy markets are likely to underpin oil prices and support an improving earnings backdrop for the energy sector," the Berenberg analyst said.

Persons: Jonathan Stubbs, Berenberg, Energean —, Stubbs Organizations: Mar, Shell, Harbour Energy Locations: TotalEnergies, U.S, Russia, Ukraine

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