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☆ Boeing wins orders worth $52 billion from Emirates at the Dubai Air Show
▼ + stars: | 2023-11-14 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Emirates announced an order worth $52 million that includes 90 Boeing 777s at the Dubai Air Show . The orders marked a significant win for Boeing on the first day of the air show. AdvertisementAdvertisementDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show Monday with a $52 billion purchase of Boeing aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. The deal includes 28 Boeing 737-8s and 17 Boeing 737-10s models, as well as the opportunity for another 45 Boeing 737 MAX aircraft.

Persons: —, Sheikh Hamad bin Mohammed Al Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Saeed, Stan Deal, — Rafael, Israel Aerospace Industries —, Rafael, Khalifa Hifter Organizations: Emirates, Boeing, Dubai Air, Service, United Arab Emirates, Investment Corporation of Dubai, Al, Dubai World, Dubai International Airport, U.S . Air Force, Defense Systems, Israel Aerospace Industries, IAI, Meets Technology, Russian Helicopters, U.S, Roscosmos, Russian Knights, Associated Press, Libyan National Army, AP, United, Haqqani, Airbus, International Air Transport Association ., . Emirates, Riyadh Air, Turkish Airlines, Anadolu, Lufthansa, MAX, Royal Jordanian, Royal Air Maroc Locations: DUBAI, United Arab, Dubai, Sheikh, Emirates, Israel, Ukraine, Iran, UAE, Abu Dhabi, Russian, Afghan, Al, Riyadh, Saudi, Latvia, France

☆ I traveled around Luxembourg, one of the world's wealthiest and most sustainable countries. I found 2 ways I can make my next visit more eco-friendly.
▼ + stars: | 2023-11-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

It is known for its sustainable practices, including free public transport. I was especially looking forward to free travel by train as it's more sustainable than flying or driving. Met a representative from Visit Luxembourg for a walking tour and lunch at a local restaurant. In comparison, my flight from Edinburgh took about five hours, not including travel time to the airport. Meanwhile, the Visit Luxembourg spokesperson suggested seeking accommodation within or close to Benu Village, an ecovillage in Esch-sur-Alzette (about a 20-minute drive to Luxembourg City), which is being built using recycled materials.

Persons: —, Mikhaila Friel, Nina Karnikowski, Chateau d'Urspelt, Chateau, Le Royal, Karnikowski, Sloow Organizations: Service, Visit, Le Royal, Met, Visit Luxembourg, Eurostar, Luxembourg City, Edinburgh, Le, d'Urspelt, Luxembourg's, Tourism Locations: Luxembourg, Vianden, Visit Luxembourg, Australian, Edinburgh, Scotland, London, Chateau, Ettelbruck, Chateau d'Urspelt, Brussels, Belgium, Luxembourg City, Domenico Palace, Sicily, Esch

On the earnings front, United Parcel Service (UPS.N) dipped 3.5% after lowering its full-year revenue forecast, while Royal Caribbean Group (RCL.N) rose 2.5% after the cruise company raised its full-year profit forecast. Hasbro (HAS.O) fell 8.2% after the maker of Transformers action figures cut its annual revenue forecast. So far, 80% of the 146 S&P 500 companies that have reported results have beat earnings expectations, LSEG data showed on Wednesday. ET, Dow e-minis were down 151 points, or 0.46%, S&P 500 e-minis were down 30.75 points, or 0.73%, and Nasdaq 100 e-minis were down 146.25 points, or 1.01%. Align Technology (ALGN.O) tanked 23.9% after the dental company lowered its full-year revenue forecast.

Persons: Brendan McDermid, Tesla, Bob Savage, BNY Mellon, Ankika Biswas, Shashwat Chauhan, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Ford, UAW Futures, Dow, Nasdaq, Big Tech, Treasury, Microsoft, United Parcel Service, Royal Caribbean Group, Hasbro, Mattel, Market, BNY, Federal Reserve, Dow e, Hamas, Ford Motor, United Auto Workers, Technology, Thomson Locations: New York City, U.S, Israel, Gaza, Russia, Bengaluru

☆ An opulent ancient Egyptian tomb containing 5,000-year-old wine may have belonged to a long-forgotten female pharaoh
▼ + stars: | 2023-10-20 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

A female royal from the first ancient Egyptian dynasty was found buried in a lavish tomb. Researchers think she may have been the first female pharaoh of ancient Egypt. Now researchers excavating her grave in Abydos, Egypt, say that the sheer extravagance they have discovered suggests she may have been the first female pharaoh in ancient Egypt. AdvertisementAdvertisementIf proven to be right, Meret-Neith would then become the first female Pharaoh of Egypt, rewriting the ancient Egyptian dynasty. The next known female pharaoh was Neferusobek and then Hatshepsut, who ruled about 500 years after Neferusobek.

Persons: —, King Djet, Ronald Leprohon, Neith, EC, Christiana Köhler, Margaret Maitland, Elizabeth Carney, Pharaoh of Egypt, Hatshepsut Organizations: Service, University of Vienna, University of Toronto, National Museums Scotland, Science, Clemson University Locations: Egypt, Abydos, Meret, South Carolina

Paris CNN —King Charles and Queen Camilla have just wrapped up their long-awaited state visit to France, spending their final day in the southwest of the country. The royal trip to France has been seen by many as a continuation of the two neighbors' efforts to reset relations in a post-Brexit world. French President Emmanuel Macron rolled out the red carpet for King Charles III. Another element that looks likely to become a staple of state visits from King Charles is the focus on green issues. Throughout the trip, French news broadcasters went into daily special programming, with their commentators dissecting every move in their hours-long coverage.

Persons: Paris CNN — King Charles, Queen Camilla, Charles, Camilla, Daniel Leal, It’s, Queen, Emmanuel Macron, Charles ’, King Charles III, Christian Liewig, Russia’s, Ian Vogler, King Charles, Samir Hussein Organizations: CNN’s Royal, Paris CNN, Royal Navy, Getty, Paris, Palais du, Berlin’s Bundestag, French Locations: Paris, France, Bordeaux, Britain, Germany, British, Triomphe, Palais, Palais du Luxembourg, –, France's, AFP

☆ This is the top performing dividend fund this year, according to Morningstar. Here's its 'secret sauce'
▼ + stars: | 2023-08-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The Capital Group Dividend Value ETF has a "secret sauce" that led it to outperform its peers this year, according to Morningstar. The fund, ticker CGDV, is the top performing dividend fund so far this year, said Bryan Armour, Morningstar's director of passive strategies research for North America. However, the fund also invests in some non-dividend paying companies, which helped give it a boost this year. CGDV, Capital Group's largest exchange traded fund, is one of the first six ETFs the firm launched in February 2022. "Investors appreciate its non-traditional value strategy focusing on above average income while also generating long-term capital appreciation through an emphasis on companies trading below their intrinsic value," Gerber said.

Persons: Morningstar, Bryan Armour, Armour, Jacob Gerber, Gerber, Morningstar's Armour Organizations: Capital, North, SEC, Royal, Meta, Capital Group, industrials Locations: North America, Meta, Royal Caribbean, Capital

June 26 (Reuters) - Cruise operator Carnival (CCL.N) on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher ticket prices and strong demand. The company's shares, which have surged nearly 80% in the past two months on resurgent demand for cruises, dropped 11%. The mid-point of the company's third-quarter adjusted profit per share forecast of 70 cents to 77 cents, was below analysts' average estimate of 76 cents, according to IBES data from Refinitiv. Carnival now expects adjusted annual loss per share between 8 cents and 20 cents, compared with its earlier forecast of a loss per share of 28 cents to 44 cents. Reporting by Juveria Tabassum and Ananya Mariam Rajesh in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: David Bernstein, Michael Erstad, Juveria Tabassum, Ananya Mariam Rajesh, Vinay Dwivedi Organizations: Peers, Cruise Line Holdings, Royal Caribbean Group, Thomson Locations: Bengaluru

☆ Opinion: Why are so many Republicans running against Trump?
▼ + stars: | 2023-06-16 | by ( Julian Zelizer | ) edition.cnn.com time to read: +5 min

On Thursday, Miami Mayor Francis Suarez announced that he is running alongside 12 other Republican candidates. Unlike the crowded 1976 Democratic primaries or the 2016 Republican primaries, which turned into a WWE-style battle royal of aspiring presidents, there is a clear frontrunner this time around: Trump. And despite his invincible self-image, Republicans know that Trump can lose — he was defeated in 2020 and Republicans under his banner did poorly in the 2018 and 2022 midterms. Like President Joe Biden, Trump is relatively old for a US president, having turned 77 on Wednesday. Republicans understand that while Trump remains the leading contender, there is a desire and a need for younger leaders to step up.

Persons: Julian Zelizer, Miami Mayor Francis Suarez, Suarez, Donald Trump, Trump, Chris Christie, Never Trump, Joe Biden, ” Organizations: CNN, Princeton University, New York Times, America, Twitter, Republican, Miami Mayor, WWE, Trump, Capitol, New, New Jersey Gov, Facebook Locations: Trump, New Jersey, Cuban, Miami

☆ Cruise stocks soar as industry rebounds. Here's what analysts expect to happen next
▼ + stars: | 2023-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Carnival and Norwegian Cruise Line hit 52-week highs Wednesday, while Royal Caribbean did so Tuesday. RCL YTD mountain Royal Caribbean year to date For Farley, Royal Caribbean stands out because it has about 64% of its cruises in the Caribbean, a strong market. Investors now may be waiting to see if there will be more price target increases from analysts after the latest run up. Royal Caribbean has 3% downside to the average analyst price target of $92.77 as of Tuesday's close, per FactSet. Carnival has 21% downside to its average price target of $12.11, and Norwegian has 15% downside to its $16.60 average price target.

Persons: It's, Jason Liberty, Patrick Scholes, Robin Farley, Matthew Boss, Bank of America's Andrew Didora, Josh, Didora, Farley, Truist's Scholes, James Hardiman, Greg Badishkanian, Scholes, Managements, Boss, CNBC's Michael Bloom, Josh Weinstein Organizations: shutdowns, Wall Street, Cruise Line, Royal, CNBC, Royal Caribbean, JPMorgan Chase, Bank of America, CCL, Bank of America's, UBS, Argus Research, Citi, Wolfe Research, JPMorgan, Investors Locations: Royal Caribbean, U.S, Miami, Tuesday's, Caribbean, Norwegian

Biogen — Shares of the biotech stock dipped 2.8% after Biogen revamped its board of directors. Oracle — Shares rose 0.2% to an all-time high on the back of a strong earnings report for the fiscal fourth quarter. Oil stocks — Oil shares rose broadly as WTI crude gained following Monday losses. Chinese internet stocks, metals and mining stocks — Shares of Chinese internet companies and metals and mining stocks jumped Tuesday after the People's Bank of China cut a key short-term policy rate in an effort to stimulate a post-Covid recovery. Metals and mining stocks were also boosted by the news, with shares of Freeport-McMoRan and Steel Dynamics rallying 5.3% and 6%, respectively.

Persons: Susan Langer, Biogen, Refinitiv, Goldman Sachs, Morgan Stanley, Transocean, JD.com, —, Samantha Subin, Sarah Min, Alexander Harring, Jesse Pound, С. Organizations: Biogen, Oracle, Revenue, Cruise Line Holdings, Bank of America, Royal, Urban Outfitters, Devon Energy, —, VanEck Oil Services, Halliburton, People's Bank of, CSI China, Metals, Steel Dynamics Locations: China, Gu'an, Royal Caribbean, Devon, Salt Lake City, People's Bank of China, Freeport, McMoRan

☆ 'Cannibalized' parts show how the British navy is struggling to keep its 2 new aircraft carriers in fighting shape
▼ + stars: | 2023-05-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Royal Navy is taking parts from one of its aircraft carriers and using them on its other one. New warships often have problems, especially complicated vessels like aircraft carriers. HMS Prince of Wales, which was commissioned in 2019, has been sidelined since August because of a broken propeller shaft. HMS Queen Elizabeth and HMS Prince of Wales sail together for the first time in May 2021. (HMS Queen Elizabeth's escorts during its maiden deployment included a US Navy destroyer and a Dutch navy frigate.)

Prince William honored his father with a few words during Sunday night's concert - the first ever to be staged at Windsor Castle, home to monarchs for almost 1,000 years. Royals dance the night awaySeveral members of the royal family got their groove on throughout the concert. Chris Jackson/Getty ImagesMesmerizing drone displayA fabulous drone display lit up the sky over the coronation concert, earning audible gasps from the crowd below. Crowds watch illuminated drones creating a light display above Windsor Castle. But when Miss Piggy, dressed in a cerise pink evening dress and glittering necklace, recognized “Downton Abbey” star Bonneville she had other things in mind, thinking he was a real lord.

☆ The Coronation of King Charles: Order of Service
▼ + stars: | 2023-05-06 | by ( ) edition.cnn.com time to read: +46 min

The Archbishop saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? Christopher Finney GC saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? We praise thee, we bless thee,we worship thee, we glorify thee,we give thanks to thee for thy great glory,O Lord God, heavenly King, God the Father Almighty. O clap your hands together, all ye people;O sing unto God with the voice of melody. The King touches the Ring and the Archbishop saysReceive this Ring, symbol of kingly dignity and a sign of the covenant sworn this day, between God and King, King and people.

☆ South Africa’s most epic hikes
▼ + stars: | 2023-05-03 | by ( Joe Yogerst | ) edition.cnn.com time to read: +11 min

Here are nine of South Africa’s best multiday backpacking trails:Otter TrailThe coastal Otter Trail takes in some of South Africa's most beautiful coastline. South African TourismSouth Africa’s oldest (established in 1968) and most celebrated hiking route, the Otter Trail runs along the Eastern Cape coast between Storms River Mouth and Nature’s Valley in Garden Route National Park. South African TourismSummit the legendary Drakensberg escarpment on a vertiginous route that rises high above Thendele Royal Natal National Park in KwaZulu-Natal province. Distance: About 25 kilometers (16 miles)Time: 2 daysInfo: hikingsouthafrica.co.za/kgaswane-summit-trail/Tsitsikamma TrailThe Garden Route National Park is an advenure sport paradise. Each traverse takes seven to 10 days during the South African spring (September-November).

☆ Charles' mugs and plates: Workers busy making pottery fit for a new king
▼ + stars: | 2023-03-16 | by ( Ben Makori | ) www.reuters.com time to read: +1 min

STOKE-ON-TRENT, England, March 16 (Reuters) - British pottery makers are continuing a tradition going back centuries by producing tens of thousands of commemorative mugs, plates and teapots to mark the upcoming coronation of King Charles. Charles will be the first British monarch to be crowned for seven decades following the record-breaking reign of his mother Queen Elizabeth. Workers at the Emma Bridgewater ceramics factory in Stoke-on-Trent, a city in central England famed for its pottery, are already busy producing swathes of handmade and decorated ceramics for the occasion. It follows a tradition of producing pottery to mark notable royal occasions such as births, weddings and anniversaries which goes back hundreds of years, to the time of the current monarch's namesake and predecessor Charles II. Charles himself visited the factory back in 2010, while his daughter-in-law Kate, the Princess of Wales, toured it five years later.

☆ Higher provisions, legal charges dampen CIBC's quarterly profit
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Feb 24 (Reuters) - Canadian Imperial Bank of Commerce (CIBC) (CM.TO) reported a fall in its first-quarter profit on Friday, weighed down by higher provisions and legal charges to settle a lawsuit tied to the 2008 global financial crisis. CIBC set aside C$295 million ($217.17 million) in provisions for credit losses in the reported quarter, up C$220 million from a year-ago period. Last month, Bank of Canada said it would hold off on further moves to let the effects of past rate hikes sink in. CIBC kicked off the first-quarter earnings season for major Canadian banks on Friday. Rivals Bank of Montreal (BMO.TO) and Bank of Nova Scotia (BNS.TO) will report on Tuesday while Royal Bank of Canada (RY.TO) and National Bank of Canada (NA.TO) will post their earnings on Wednesday.

☆ This week's best performers include two airlines and a media stock expected to rally 48%
▼ + stars: | 2023-01-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

United Airlines has 5% upside to the average analyst price target and its stock is rated a buy by 48% of the analysts covering it. However, American Airlines average price target implies 4% downside and just 9% of the analysts covering it have a buy rating. Discovery to rally almost 49%, according to the average price target. The media company, which gained 16% this week, is rated a buy by 46% of the analysts covering the stock. Meanwhile, Royal Caribbean has 6% upside to the average price target and a buy rating from 42% of the analysts covering the stock.

☆ Prince Harry says UK royals got into bed with tabloid press 'devil'
▼ + stars: | 2023-01-08 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

"The moment that that rehabilitation comes at the detriment of others, me, other members of my family, then that's where I draw the line." Harry said he didn't think his father or brother would read his book. Harry told ITV he wanted reconciliation with his family members but said they had shown no interest, giving the impression it was better to keep him and Meghan as villains. "My father said to me that it was probably a suicide mission to try and change the press," he said. Reporting by Michael Holden and Sarah Mills; Editing by Frances Kerry and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Reuters Graphics3/ RE-EMERGING MARKETSWhisper it, but the emerging markets (EM) bulls are back after 2022 delivered some of the biggest losses on record. Credit Suisse particularly likes hard currency debt and DoubleLine's Jeffrey Gundlach, AKA the "bond king", has EM stocks as his top pick. Economists polled by Reuters expect headline U.S. inflation to decelerate to 3.1% by the end of 2023. Valentine Ainouz, fixed income strategist at the Amundi Institute, predicts the 10-year U.S. Treasury yield will end 2023 at 3.5% from around 3.88% currently. Reuters Graphics5/ EQUITIES: SELL NOW, BUY LATEREquity investors hope a V-shaped year for the global economy will see stocks end it comfortably higher.

☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a bridge between Europe and Asia that marks Japan's first major industrial defence collaboration beyond the United States since World War Two. Britain also wants Japan to improve how it provides security clearances to contractors, sources with knowledge of the discussions told Reuters. The two new platforms would compete head-on with each other and the United States in the global fighter market. "There is going to be a Battle Royal in the next 10-15 years in positioning the various players," said UK defence analyst Francis Tusa. The United States, which has pledged to defend all three countries through NATO and a separate security pact with Japan, welcomed the new Europe-Japan agreement.

"It's the recession fear that a lot of investors have ... the concern is that profits begin to drop more meaningfully in the recession." As of Dec. 2, analysts expected S&P 500 companies to report a drop of 0.6% in fourth-quarter earnings after posting a 4.4% rise in the third quarter, according to Refinitiv IBES data. ET, Dow e-minis were down 31 points, or 0.09%, S&P 500 e-minis were down 2 points, or 0.05%, and Nasdaq 100 e-minis were up 4.75 points, or 0.04%. Meanwhile, a Tuesday runoff election in Georgia between Democratic U.S. Among individual stocks, GameStop Corp (GME.N) rose 1.6% in premarket trading following a media report on layoffs.

President Donald Trump is boxing his own shadow as he seeks the Republican presidential nomination — and that’s not likely to change anytime soon. Dan Eberhart, a Republican fundraiser who once backed Trump but now wants DeSantis to be the party’s nominee in 2024, said there's time. In the world of GOP elites, the field is quickly narrowing to Trump and DeSantis, and the Florida Republican source said there is something unique about their rivalry. “The fact is Ron is different from any other Republican who might run against Trump,” the Republican said. But more than that, he said, Republican voters are exhausted.

Christopher Gregory/Getty ImagesDonald McGahn, Trump campaign counsel: I was at the top. Trump's 2016 campaign aides said they paid about 50 people, including part-time actors, to appear as supporters for his 2016 campaign announcement. Corey Lewandowski, Trump campaign managerCorey Lewandowski: I called my wife just as we were getting onto the plane. Stuff that would be from Mars on any other campaign was perfectly normal for the Trump campaign. Mark J. Terrill/AP photo Show less Trump at the Republican National Convention while Cruz speaks on July 20, 2016.

☆ Netflix's streaming hit 'The Crown' reaches Charles-Diana divorce
▼ + stars: | 2022-11-12 | by ( Ani Bundel | Ani Bundel Is A Cultural Critic Who Has Been Writing Regularly Since Her Work Can Also Be Found At Elite Daily | Weta'S Telly Visions | ) www.nbcnews.com time to read: +6 min

The fifth season of Netflix’s superb, ambitious “The Crown” covers the years from 1988 to early 1997, arguably the nadir of England’s modern monarchy. “The Crown” sets up series creator Peter Morgan to be a 21st- century Shakespeare for the Second Elizabethan era. “The Crown” sets up series creator Peter Morgan to be a 21st-century Shakespeare for the Second Elizabethan era. His retellings of royal life are no more accurate than “Richard II” or “Henry V,” making royal whining all these years later all the sillier. “The Crown” even finds ways to make Charles a sympathetic figure in the divorce, no small feat.

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