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☆ Is Japan the Best Team Left in the World Cup?
▼ + stars: | 2023-08-10 | by ( Jeré Longman | More About Jeré Longman | ) www.nytimes.com time to read: +1 min

Having wilted after winning the 2011 World Cup in a penalty kick shootout against the United States, Japan has bloomed anew with versatility to play the possession style of short passes known as tiki-taka or to launch searing counterattacks. After a blistering 4-0 loss to Japan during group play, Spain Coach Jorge Vilda said that his team’s defeat had been psychic as well as numerical. “They’re so disciplined and very structured in the way they play offense and defense,” Hansen said. Sweden has scored four of its nine goals on corner kicks, a total that nearly grew last Sunday as it packed the six-yard box against the United States like a crowded elevator. But the Swedes could not manage a goal in 90 minutes of regulation and 30 minutes of overtime before subduing the Americans, finally and microscopically, on penalty kicks.

Persons: Jorge Vilda, ” Vilda, Caroline Graham Hansen, “, ” Hansen, Zecira Musovic, Jonna Andersson, Trinity Rodman, Lynn Williams Organizations: Japan, Norway, Champions League, Barcelona Locations: United States, Japan, Spain, Norwegian, Sweden

☆ European gas prices jumped nearly 40% on Australia supply fears — and analysts expect further rises
▼ + stars: | 2023-08-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Energy analysts believe the bullish momentum for European natural gas prices will persist over the coming months after futures jumped almost 40% on Wednesday. Fears over possible supply disruption in Australia saw the front-month gas price at the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas trading, hit its highest level since mid-June on Wednesday. The surge in gas prices came on news of a potential liquefied natural gas (LNG) facility strike at major plants in Australia as workers campaign for higher pay and improved job security. "Looking ahead, we expect the bullish outlook for gas prices to continue with fewer LNG imports to Europe, planned maintenance for Norwegian pipelines and continued heatwaves in multiple regions globally," Luo said.

Persons: Luo Organizations: National Grid, Energy, New York Mercantile Exchange, Rystad Energy, Woodside Energy Group, LNG Locations: Isle, Rochester , England, Australia, U.S, Europe, Chevron, China, Japan

[1/2] Storelv river flows through Hoenefoss Center as the extreme weather "Hans" is expected to cause significant water damage in the coming days, in Hoenefoss, Norway, August 9, 2023. NORWAY OUT. Strong winds, intense rain and landslides hit the Nordic region earlier this week, knocking out power lines and bringing public transport to a standstill. According to the institute, data shows that precipitation in Norway has increased by around 18% over the last 100 years, with the biggest rise taking place in the last 30-40 years. Jana Sillmann, a research director at the Oslo-based Centre for International Climate Research, said extreme weather events, such as the torrential rain seen this week, will be more frequent as the climate warms.

Persons: NTB, Annika Byrde, Read, Ingvild Villa, Jana Sillmann, heatwaves, El, Sillmann, Terje Solsvik, Christina Fincher Organizations: Center, Norwegian Meteorological Institute, International Climate Research, UN, El Nino, Thomson Locations: Hoenefoss, Norway, NORWAY, OSLO, Oslo, Sweden, Nordic

☆ Norwegian dam collapses after days of heavy rain
▼ + stars: | 2023-08-09 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A view shows the Braskereidfoss power plant as water flows over after a lock, in Braskereidfoss, Norway, August 9. The Braskereidfoss power dam on the Glomma River, Norway's biggest waterway, had been unable to open its hatches after its control room...moreA view shows the Braskereidfoss power plant as water flows over after a lock, in Braskereidfoss, Norway, August 9. The Braskereidfoss power dam on the Glomma River, Norway's biggest waterway, had been unable to open its hatches after its control room flooded. Water appeared to be flowing through it in a controlled manner following the breach, utility Hafslund said in a statement. NTB/Cornelius PoppeClose

Persons: Hafslund, NTB, Cornelius Poppe Locations: Braskereidfoss, Norway

☆ Norway evacuates thousands from worst floods in decades
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

A person walks in mud after extreme weather Hans hit Valdres, near Oslo, Norway August 8, 2023. NTB/Cornelius Poppe via REUTERSOSLO, Aug 9 (Reuters) - Norway evacuated thousands of people as rivers swelled to their highest levels in at least 50 years on Wednesday and homes and businesses were submerged or swept away by landslides. Innlandet county, one of Norway's worst hit areas, said many people were isolated by the floods and that first responders may not be able to reach those in need. On Monday, a Swedish train derailed when a railway embankment was washed away by floods, injuring three people. Authorities in Norway and Sweden maintained red alerts, their most severe flood warnings, for several regions on Wednesday.

Persons: Hans, Valdres, NTB, Cornelius Poppe, Terje Solsvik, Alexandra Hudson Organizations: REUTERS, Hove, TV2, Authorities, Alexandra Hudson Our, Thomson Locations: Oslo, Norway, REUTERS OSLO, Innlandet, Nordic, Finland, Sweden, Swedish

☆ Norway federation chief apologises for disappointing World Cup
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Norway's troubled campaign came to a shuddering halt with a 3-1 loss to Japan in the last 16 on Saturday after internal disputes and disappointing results on the field. Klaveness acknowledged that Norway had enjoyed some luck on their way to the last 16 and expressed concern that recent overall performances had not been up to standard. "We have to realise that in three of the last four championships, we have performed lower than we expected," Klaveness added. That's what we've been doing in recent years and that's not what we're going to do. Klaveness said the objective was to complete an assessment of the issues by the end of August, covering the federation, players, coaches, and support staff.

Persons: Japan's Mina Tanaka, Read, Lise Klaveness, Norway's, Klaveness, we've, that's, Tommy Lund, Ken Ferris Organizations: Soccer Football, FIFA, Wellington Regional, Norwegian Football Federation, NRK, New Zealand, England, Thomson Locations: New Zealand, Japan, Norway, Wellington , New Zealand, Norwegian, New, Gdansk

☆ Storm continues to sweep over the Nordics, causing landslides
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

[1/4] A view shows damaged residential buildings in the aftermath of Storm Hans in Valdres, near Oslo, Norway August 8, 2023. NTB/Cornelius Poppe via REUTERSSTOCKHOLM, Aug 8 (Reuters) - Norwegian emergency services evacuated hundreds of people in various locations on Tuesday, the second day that heavy rains caused landslides, with the risk of more, as a storm sweeps over the Nordics. Strong winds, intense rain and landslides hit parts of the Nordic region, knocking out power lines, flooding villages and bringing public transport to a standstill in the worst-affected areas. The storm, which has been called "Hans," hit Sweden late on Sunday and reached Norway on Monday, with parts of Denmark and Finland also affected. In southern Norway, floods and landslides blocked roads and halted key train services.

Persons: Storm Hans, NTB, Cornelius Poppe, Hans, Marie Mannes, Leslie Adler Organizations: REUTERS, Thomson Locations: Valdres, Oslo, Norway, REUTERS STOCKHOLM, Nordic, Sweden, Denmark, Finland, Hemsedal, Swedish

REUTERS/Gonzalo Fuentes/File PhotoOSLO, Aug 8 (Reuters) - Meta Platforms (META.O) is asking a court in Norway to stop a fine the Nordic country's data regulator imposed on the owner of Facebook and Instagram for breaching users' privacy, according to a court filing. Meta Platforms will be fined 1 million crowns ($97,700) per day from Aug. 14 over privacy breaches, Norway's data protection authority told Reuters on Monday, in a decision that could have wider European implications. Meta Platforms is asking for a temporary injunction against the order, according to a court filing. Meta Platforms did not reply to a request for comment. The Norwegian data regulator, Datatilsynet, said Meta Platforms was seeking to stop the imposition of the fine.

Persons: Gonzalo Fuentes, Tobias Judin, Datatilsynet, Gwladys Fouche, Kirsten Donovan Organizations: Viva Technology, Porte de, REUTERS, Facebook, Reuters, Big Tech, European Data Protection, Thomson Locations: Porte, Paris, France, OSLO, Norway, Norwegian, Europe, Oslo

Trucks carrying aid from the UN World Food Programme (WFP), following a deadly earthquake, are parked at Bab al-Hawa crossing, Syria, February 20, 2023. Syria's mission to the United Nations in New York confirmed the extension. Following the earthquake, the United States and the European Union issued sanctions waivers to pave the way for more aid into Syria. U.S. authorizations facilitating the work of aid groups and the United Nations remain in effect, the spokesperson said. 'READY TO RESUME OPERATIONS'The United Nations had also been using the Bab al-Hawa crossing from Turkey to deliver aid to millions in northwest Syria since 2014 with authorization from the U.N. Security Council.

Persons: Mahmoud Hassano, Salam, Eri Kaneko, Emma Forster, U.N, Farhan Haq, Cross, Suhair Zakkout, Bashar al, Assad, Michelle Nichols, Jonathan Oatis 私 Organizations: UN, Food Programme, REUTERS, UNITED NATIONS, United Nations, Government, European Union, EU, U.S . Treasury, . Security, International Committee Locations: Bab, Syria, WASHINGTON, BEIRUT, U.S, Turkey, Damascus, Al Ra'ee, New York, United States, Norwegian, overcompliance, Moscow, Washington

A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The study called SELECT involved 17,500 patients aged 45 years or older with no prior history of diabetes and started almost five years ago testing if the weekly injection has medical benefits. The landmark trial data shows Wegovy has "the potential to change how obesity is regarded and treated," said Martin Holst Lange, executive vice president for development at Novo Nordisk, in a statement. Novo Nordisk said it expects to file for regulatory approvals of a label indication expansion for the weekly injection in the United States and European Union this year. The detailed results from the trial will be presented at a scientific conference later in 2023.

Persons: Jim Vondruska, Wegovy, Danish drugmaker, That's, Martin Holst Lange, Soren Lontoft Hansen, Novo, Maggie Fick, Nikolaj Skydsgaard, Josephine Mason, Sharon Singleton, Kirsten Donovan Organizations: REUTERS, COPENHAGEN, Novo Nordisk, Nordisk, European Union, World Health Organization, Barclays, Thomson Locations: Chicago , Illinois, U.S, LONDON, Danish, Europe's, United States, Europe, European, Norway, Denmark, Germany, Norwegian

☆ Finland and Norway ban Yandex from transferring data to Russia
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +3 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File PhotoHELSINKI, Aug 8 (Reuters) - Finnish and Norwegian regulators said on Tuesday they had banned Russian tech group Yandex (YNDX.O) and its Netherlands-based partner Ridetech International from transferring to Russia any personal data of customers of Yandex's Yango ride-hailing app. The Yango ride-hailing service, which operates in 14 countries including Finland and Norway, is one of many services offered by Yandex, often dubbed "Russia's Google". "There is an acute risk to privacy as Russian authorities could potentially monitor the movements of Norwegian citizens via Yango," the Norwegian Data Protection Authority said in a separate statement. It said it processes data in strict compliance with General Data Protection Regulation (GDPR) and EU legislation.

Persons: Evgenia, Yango, Arkadi Volozh, Anne Kauranen, Terje Solsvik, Alexander Marrow, Susan Fenton Organizations: REUTERS, Ridetech, Finnish DPA, Federal Security Service, Russian Federation, Yandex, Norwegian Data Protection Authority, General Data Protection, Nasdaq, EU General Data, Thomson Locations: Moscow, Russia, Russian, Netherlands, Finnish, Finland, Norway, Yango, Yandex's New York, Ukraine, Oslo, London

☆ Ukraine desperately wants F-16s because without them all it has are Soviet-era fighter jets that simply aren't cutting it
▼ + stars: | 2023-08-07 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Ukraine has long sought F-16s, believing the Western fighter jets would be a boon to their arsenal. Danil Shamkin/NurPhoto via Getty ImagesUkraine is currently flying Soviet-made MiG-29 and Su-27 multirole fighters against a larger and technologically superior Russian air force. The aircraft are underdogs compared to Russian fighter aircraft like the MiG-31s and Su-25s, which feature advanced radars that allow them to see and locate targets further away, among other higher-end capabilities. Ukraine's been operating much of its air force from "remote locations, places that the Russians wouldn't expect," Tannehill added. One of the biggest challenges for the Ukrainian air forces has been Russia's formidable air defenses, which have kept much of Kyiv's air force far from the front lines.

Persons: Justin Bronk, Danil, Tannehill, Taylor Crul, they'd, Joe Biden, Abrams, It's, Bronk, they're Organizations: Service, Ukraine, Soviet, Royal Norwegian Air Force Academy, Royal United Services Institute, NATO, Ukrainian Air Force, Getty Images, US Navy, Kyiv, Patriots, US Air Force, Falcon, White House, Pentagon, AIM, Air Missile, Air Force, Reuters Locations: Ukraine, Soviet, Wall, Silicon, Ukrainian, Vasylkiv, Kyiv, Getty Images Ukraine, Russian, Russia, Moscow, Taylor Crul Ukraine

☆ Train derails and roads flood as Sweden, Norway hit by torrential rain
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] A view of passenger train which was carrying more than 100 passengers and derailed between Iggesund and Hudiksvall in Sweden, August 07, 2023. TT News Agency/Mats Andersson via REUTERSSTOCKHOLM, Aug 7 (Reuters) - Heavy rainfall drenched southern Scandinavia on Monday, causing a train to derail and roads to flood in what officials in Sweden and Norway warned could become the most extreme wet weather system to hit the region in decades. A train carrying more than 100 passengers derailed in eastern Sweden as the rain partly washed away the railway embankment, injuring three people who were taken to hospital, police said. "This is an effect of climate change, with wilder and wetter weather in Norway," Stoere told public broadcaster NRK. Reporting by Anna Ringstrom in Stockholm and Terje Solsvik in Oslo; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Mats Andersson, Gale, Hans, Jonas Gahr Stoere, wilder, Stoere, Anna Ringstrom, Terje Solsvik, Sharon Singleton Organizations: TT News Agency, REUTERS, Sweden, Norwegian Meteorological Institute, Norway's, NRK, Thomson Locations: Iggesund, Hudiksvall, Sweden, REUTERS STOCKHOLM, Scandinavia, Norway, North, Denmark, Finland, Stockholm, Oslo

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo/File PhotoOSLO, Aug 7 (Reuters) - Facebook and Instagram owner Meta Platforms (META.O) will be fined 1 million Norwegian crowns ($98,500) per day over privacy breaches from Aug. 14, Norway's data protection authority told Reuters on Monday. The regulator, Datatilsynet, had said on July 17 that the company would be fined if it did not address privacy breaches the regulator had identified. Meta Platforms did not immediately reply to a request for comment. Norway is not a member of the European Union but is part of the European single market.

Persons: Yves Herman, Datatilsynet, Tobias Judin, Meta, Meta's, Gwladys Fouche, Terje Solsvik, David Gregorio Our Organizations: REUTERS, Meta, Reuters, Big Tech, European Data Protection, European Union, Facebook, Ireland's Data, European, Thomson Locations: Brussels, Belgium, OSLO, Norway, Norwegian, Europe, Oslo

☆ Wall St Week Ahead Inflation report, bond yields in focus as U.S. stocks rally pauses
▼ + stars: | 2023-08-04 | by ( Carolina Mandl | ) www.reuters.com time to read: +5 min

Investors are also closely watching the path of Treasury yields, which rattled equity markets in recent days by rising to fresh year highs. The S&P 500 fell 2.27% this week, its biggest weekly decline since March 10. Janasiewicz of Natixis said a stronger-than-expected consumer price reading next week could spark a decline of up to 5% in the S&P 500. A stronger-than-expected inflation number next week could also boost Treasury yields further. Rising yields on Treasuries, viewed as among the world's safest investments because they are backed by the U.S. government, can dull the allure of stocks.

Persons: Brendan McDermid, Jack Janasiewicz, Natixis, Aaron Chan, Refinitiv, Tim Murray, Rowe Price, Brent, Ann Miletti, Fitch, Keith Lerner, Lerner, Carolina Mandl, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: U.S, REUTERS, Federal Reserve, Natixis Investment, Amazon.com, Cruise, Treasury, U.S ., Advisory, Wall Street, Amazon, Google, Apple, BofA Global Research, JPMorgan, Carolina, Thomson Locations: Wall St, New York, U.S, Stocks, Refinitiv

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, —, Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, ”, Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada

☆ Betting against cruise ship and hotel stocks backfired and cost hedge funds more than $6 billion, report says
▼ + stars: | 2023-08-04 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Cruise ship stocks have been riding high, defying pessimistic market consensus on the industry. Three of the biggest cruise companies cost hedge funds almost $3 billion in bad bets, per a report. Of this, the three cruise ship companies account for almost $3 billion of the total mark-to-market losses, according to figures from S3 Partners seen by the outlet. Other large short positions in Airbnb and Booking.com have also backfired after those stocks jumped 70% and 44% year-to-date respectively. While cruise stocks still remain below their pre-pandemic valuations, the release of pent-up demand has been a boon to the sector.

Organizations: Service, Financial Times, S3 Partners, Royal, Tech, Nvidia, Tesla, Microsoft Locations: Wall, Silicon, Royal Caribbean, Norwegian, Airbnb

☆ Russia adds Norway to list of countries 'unfriendly' to its diplomats
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Norwegian flags flutter at Karl Johans street in Oslo, Norway, May 31, 2017. REUTERS/Ints Kalnins/File PhotoAug 3 (Reuters) - Russia has added Norway to its list of foreign states that have committed so-called "unfriendly" acts against Russian diplomatic missions, news agencies reported on Thursday. Countries on the list are limited in the number of local staff they can hire in Russia, with Norway restricted to 27, state news agency RIA Novosti said. Norway expelled 15 Russian diplomats for alleged spying in April, and Russia responded by ordering out 10 Norwegian diplomats. Russia can itself choose to end the war," Norwegian Foreign Minister Anniken Huitfeldt said in a statement to Reuters.

Persons: Karl, Ints, Anniken Huitfeldt, Huitfeldt, Terje Solsvik, Mark Trevelyan Organizations: REUTERS, RIA Novosti, Reuters, Thomson Locations: Karl Johans, Oslo, Norway, Russia, Ukraine, Norwegian, Moscow

The logo of the company Royal Caribbean is seen on the 'Wonder of the Seas' cruise ship, the world’s largest cruise ship, docked at a port in Malaga, southern Spain, April 30, 2022. Cruise operators lowered prices to lure passengers onboard following the pandemic, banking on onboard spending that has now reached record levels. Onboard spending in the second quarter rose 49.9% for Norwegian Cruise Lines (NCLH.N), compared with the same period in 2019, before the pandemic. Onboard spending rose about 36.8% for Royal Caribbean Cruises and 17.2% for Carnival in the same period. Carnival and Royal Caribbean said the percentage of guests who were new to cruising surpassed 2019 levels.

Persons: Jon Nazca, Patrick Scholes, Josh Weinstein, Bob Levinstein, Cruise, Carnival's Weinstein, Jason Liberty, Brandt Montour, Granth, Anil D'Silva Organizations: Royal, REUTERS, Royal Caribbean Cruises, Carnival Corp, Carnival, Cruise, Norwegian Cruise Lines, DISNEY WORLD, Walt Disney, Custom Travel, Reuters Graphics, Cruise Lines International, . Carnival, Barclays, Thomson Locations: Royal Caribbean, Malaga, Spain, U.S, Caribbean, Orlando , Florida, They've, Bengaluru, Doyinsola, New York

☆ Man who visited every country without flying has finally returned home
▼ + stars: | 2023-08-02 | by ( Kate Springer | ) edition.cnn.com time to read: +14 min

After nearly ten years of travel, Pedersen successfully visited his 203rd and final country, the Maldives, and began his long-awaited voyage back to Denmark. In early 2020, the intrepid traveler suddenly found himself stuck in Hong Kong for two years with just nine countries left. “I look back at Hong Kong, and it’s a bit of a paradox. Next came a 16-day journey back to Hong Kong, where he returned to hotel quarantine for another two weeks. Pedersen in Hong Kong, where he spent an unexpected two years during the pandemic.

Persons: Torbjørn, Thor ” Pedersen, Pedersen, He’d, ” Pedersen, ”, “, Le, I’ve, He’s, ‘, ’ ”, Maxime Champigneulle, Gunnar Garfors, it’s, It’s, you’ve, he’s, “ There’s, Mike Douglas Organizations: CNN, CNN Travel, Maersk, “, Port, Le, UN, Danish, Hong, Denmark, Pacific, Tonga, National Museum, Ross Energy, Aarhus . Port Locations: Denmark, Maldives, Danish, Malaysia, Sri Lanka, Aarhus, Kenya, Colombia, Australia, Norway, Guinea, Equatorial Guinea, Mongolia, Pakistan, Syria, Iran, Nauru, Angola, Ghana, Iceland, Canada, Hong Kong, Everest, Palau, New Zealand, Samoa, Tonga, Vanuatu, Pacific, Tuvalu, Fiji, Singapore, Malé, Norwegian, Aarhus ., Aarhus What’s, Suez, Germany

☆ Susquehanna downgrades Norwegian Cruise Line, says post-Covid recovery has a long way to go
▼ + stars: | 2023-08-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Susquehanna said it's "setting sail" on Norwegian Cruise Line . The firm downgraded its rating on Norwegian Cruise Line shares to neutral from positive. To be sure, Stathoulopoulos highlighted various enterprise initiatives and efforts toward changing the company's core culture. He added that the company is "leaving no stone unturned" toward cost-cutting measures across the board. "While we view NCLH's 'soft' long-term plan as strategically sound, absent a more formal or explicit long-term guide … and given lingering macro uncertainty, we see better risk/reward in peer [Royal Caribbean]," Stathoulopoulos added.

Persons: Susquehanna, NCLH RCL, Christopher Stathoulopoulos, Harry Sommer, Stathoulopoulos, — CNBC's Michael Bloom Organizations: Cruise Line, Royal, Cruise Locations: —, Caribbean

☆ Stocks making the biggest moves premarket: Match Group, CVS, SolarEdge and more
▼ + stars: | 2023-08-02 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

CVS Health — Shares of the retail pharmacy giant rose 1.8% premarket after the company posted strong earnings and revenue for the second quarter. CVS reported earnings of $2.21 per share on revenue of $88.9 billion. Wall Street analysts expected $2.11 per share on earnings of $86.5 billion, according to Refinitiv. AMD — The chip stock climbed more than 2% in premarket trading after the company posted better-than-expected second-quarter earnings and revenue. Match Group — The Tinder and Match parent jumped 10% on a strong second-quarter earnings report.

Persons: Kraft Heinz, Freshworks, Wall, David Hynes, BTIG, Macheel, Alex Harring, Yun Li, Jesse Pound, Samantha Subin, Brian Evans, Michelle Fox Theobald Organizations: CVS, Wall Street, Refinitiv, Norwegian Cruise, Susquehanna, Technologies, FactSet, AMD, Starbucks Locations: Norwegian, China

☆ Stocks making the biggest moves midday: SolarEdge Technologies, Humana, Starbucks, Robinhood and more
▼ + stars: | 2023-08-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

SolarEdge Technologies — The solar stock tumbled about 19% after the company reported $991 million in revenue, missing analysts' estimates of $992 million, according to Refinitiv. CVS Health — The retail pharmacy stock gained 4% during midday trading Wednesday after the company posted strong earnings and revenue for the second quarter. The company reported adjusted earnings per share of $1.29, topping the $1.10 expected from analysts polled by StreetAccount. Starbucks' adjusted earnings per share for the fiscal third quarter was $1, versus the 95 cents expected by analysts, per Refinitiv. Chinese tech stocks — Shares of Chinese technology stocks dropped after regulators in China proposed limits on smartphone use for minors.

Persons: SolarEdge, Norwegian's, Emerson Electric's, Pinterest, Generac, Freshworks, Genuity, Robinhood, CNBC's Hakyung Kim, Pia Singh, Alex Harring Organizations: SolarEdge Technologies, CVS Health, CVS, Wall Street, Cruise, Susquehanna, Emerson, StreetAccount, Revenue, Wall, FactSet's, Starbucks, Bank of America, JPMorgan, Scotts Miracle, Gro, Scotts, JD.com, Baidu, Tencent Locations: Refinitiv, China

☆ Here are Wednesday's biggest analyst calls: Apple, Coinbase, Meta, Advanced Micro Devices, SoFi & more
▼ + stars: | 2023-08-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Wednesday's biggest calls on Wall Street: Citi upgrades Advanced Micro Devices to buy from neutral Citi upgraded the chipmaker after its better than expected earnings report. Citi reiterates Home Depot as buy Citi said it's standing by its buy rating on the stock heading into earnings later this month. " Goldman Sachs reiterates SolarEdge as buy Goldman said it's standing by its buy rating on SolarEdge after its earnings report on Wednesday. "We maintain our Underperform rating as we remain concerned regarding the long-term prospects of the space tourism market. Needham reiterates Meta as underperform Needham said it's standing by its underperform rating on the stock.

Persons: Canaccord, Baird, Harry Sommer, BTIG, Wolfe, William Blair downgrades Bloomin, William Blair, Goldman Sachs, SolarEdge, Goldman, Bernstein, Uber, DJ Khaled, Mizuho, SoFi, SOFI, Rosenblatt, it's, Pinterest, Needham, underperform Needham Organizations: Citi, Devices, AMD, JPMorgan, Apple, Services, Oshkosh, Susquehanna, Mizuho, Bank of America, Virgin Galactic, underperform Bank of America, Meta Locations: 3Q23, Oshkosh, Norwegian

Uber (UBER.N) shed 5.4% after the ride-hailing company missed second-quarter revenue expectations. Among pharmaceutical heavyweights, Pfizer (PFE.N) edged lower in choppy trading after the drugmaker fell short of Wall Street expectations for quarterly revenue, hit by declining sales of its COVID-19 products. Merck (MRK.N) eased 0.8% even as it raised its full-year profit forecast after posting a smaller-than-expected second-quarter loss. U.S. second-quarter earnings are now expected to fall 5.9% from a year earlier, as per Refinitiv data on Tuesday, compared with a 7.9% decline estimated a week earlier. Arista Networks (ANET.N) jumped 20.1% as the network gear maker forecast quarterly revenue above estimates after delivering better-than-expected results.

Persons: Brendan McDermid, Mike Olsen, Johann M Cherian, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Reuters, PMI, Dow, Nasdaq, Caterpillar, Pfizer, Merck, U.S, Arista Networks, Dow Jones, Cruise, JetBlue Airways, American Airlines, NYSE, Thomson Locations: New York City, U.S, Bengaluru

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