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☆ Red Sea attack-fueled ocean freight inflation is starting to ease on key global trade routes
▼ + stars: | 2024-02-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesThe Red Sea crisis has fueled a sharp spike in ocean freight inflation over the past two months, but there are signs that upward pressure on shipping rates on key trade routes may have peaked. Shipping rates on ocean routes from Asia to the U.S. are beginning to decline, based on analysis of the latest cargo data from Xeneta, a leading ocean and air freight benchmarking platform. The reversal in ocean freight pricing comes despite a maritime threat to global commercial shipping companies that shows no signs of waning. The timing of the rate decreases could influence new contracts in negotiations between ocean freight carriers and shippers at the beginning of March. "Either way, the next few weeks is crunch time for both ocean freight carriers and shippers and could define their fortunes for the rest of 2024."

Persons: Emily Stausbøll, Stausbøll Organizations: Future Publishing, Shipping, United Kingdom Maritime Trade, CNBC, FEU, U.S ., U.S Locations: Qingdao, Shandong province, Asia, Xeneta, Europe, U.S, East Coast, West Coast, Aden, Yemen, West, East, U.S . West Coast, Covid, Africa, Suez

☆ Shipping giant Maersk says Red Sea vessel diversions could extend into second half of 2024
▼ + stars: | 2024-02-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red Sea crisis that could stretch well into the second half of this year. "Unfortunately, we don't see any change in the Red Sea happening anytime soon," Charles van der Steene, regional president for Maersk North America, tells CNBC. After attacks on two U.S.-flagged Maersk vessels on January 24, the Maersk Detroit and Maersk Chesapeake, Maersk Line, Limited — a U.S. subsidiary of Maersk, which operates U.S.-flagged vessels independently — announced it would no longer traverse the Red Sea. The global shipping and logistics company's cautious view of the Red Sea safety conditions comes despite a U.S.-led multinational military operation in the region, Operation Prosperity Guardian. "Our advice to our customers is specifically about building upon the uncertainty by being agile," said van der Steene.

Persons: Ebba, A.P ., Kristian Helgesen, Moller, Charles van der, Good Hope, der Steene, Maersk, van der, van der Steene, van der Steen, Panama hasn't, we're Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Maersk North, CNBC, Maersk Detroit, Maersk Chesapeake, Prosperity, U.S, Gaza, Maritime Security Program, VISA, Voluntary Intermodal, U.S ., Intelligence, East, Oceania Locations: Suez, Egypt, Maersk North America, Gulf, Aden, Hangzhou, Maersk, U.S, Good, Asia, Limited's U.S, West Coast, East Coast ., East Coast, Cape Hope, Panama, Ports, Mexico, Pacific Northwest, Los Angeles, Long, China, Australia, New Zealand

Photos You Should See View All 21 Images“It also depends on the rate of climate change we are inducing as humanity,” van Westen said. The Dutch team simulated 2,200 years of its flow, adding in what human-caused climate change does to it. They found after 1,750 years “an abrupt AMOC collapse,” but so far are unable to translate that simulated timeline to Earth's real future. "This value is getting more negative under climate change,” van Westen said. The world should pay attention to potential AMOC collapse, said Joel Hirschi, division leader at the United Kingdom's National Oceanography Centre.

Persons: ”, Rene van Westen, “, ” van Westen, it's, van Westen, Stefan Rahmstorf, ” Rahmstorf, Tim Lenton, ” Lenton, Wei Cheng, Joel Hirschi, ” Hirschi, ” ___ Read, Seth Borenstein Organizations: Southern, Utrecht University, United Nations, Earth Systems, Potsdam Institute, Climate Research, ” University of Exeter, National Oceanic, Atmospheric Administration, NASA, Pacific, U.S ., United, National Oceanography, Associated Press Locations: Europe, Netherlands, Germany, Greenland, Americas, Africa, Florida, U.S, U.S . East Coast, AP.org

☆ Atlantic Ocean currents may be on the verge of collapse, which could plunge Europe into a deep freeze, a new study shows
▼ + stars: | 2024-02-09 | by ( Seth Borenstein | Associated Press | ) www.businessinsider.com time to read: +7 min

“It also depends on the rate of climate change we are inducing as humanity,” van Westen said. AdvertisementThe Dutch team simulated 2,200 years of its flow, adding in what human-caused climate change does to it. They found after 1,750 years “an abrupt AMOC collapse,” but so far are unable to translate that simulated timeline to Earth's real future. "This value is getting more negative under climate change,” van Westen said. The world should pay attention to potential AMOC collapse, said Joel Hirschi, division leader at the United Kingdom's National Oceanography Centre.

Persons: ”, Rene van Westen, “, Bob Edme, ” van Westen, it's, van Westen, Stefan Rahmstorf, ” Rahmstorf, Tim Lenton, Thwaites, ” Lenton, Wei Cheng, Joel Hirschi, ” Hirschi, ” ___ Read Organizations: Service, Southern, Utrecht University, AP, United Nations, Earth Systems, Potsdam Institute, Climate Research, University, Exeter, NASA, National Oceanic, Atmospheric Administration, Pacific, U.S ., United, National Oceanography Locations: Europe, Northwestern, Netherlands, Germany, Greenland, Americas, Africa, Florida, U.S, U.S . East Coast

☆ These stocks could be the hardest hit if Treasury yields don't come down, says Piper Sandler
▼ + stars: | 2024-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

If higher Treasury yields persist, Piper Sandler believes certain stocks could see their earnings at risk. The yield on the 10-year Treasury rose as high as 4.16% on Monday after hitting a low around 3.8% last week. The 10-year Treasury was last hovering at the 4.09% level. The firm looked for stocks with a high correlation to the 10-year Treasury yield and downbeat earnings revisions, based on a proprietary EPS revisions ratio. Pharmaceutical stock Bristol-Myers Squibb has a comparatively lower correlation value of 0.188 to the 10-year yield.

Persons: Piper Sandler, Jerome Powell, Russell, Charles Schwab, Myers Squibb Organizations: Federal Reserve, Treasury, Piper, Bank of America, Bank, LSEG, East West Bancorp, West Bancorp, Oil, Pharmaceutical, Bristol, Myers Squibb, Redburn Locations: Bristol

☆ Why U.S. renters are taking corporate landlords to court
▼ + stars: | 2024-02-03 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +5 min

Equity Residential purchased Portside Towers in 2019. A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. Renters told CNBC they discovered how revenue management software is used in real estate after reading a 2022 ProPublica investigation. Equity Residential investor materials show that the company started to experiment with Lease Rent Options between 2005 and 2008. Equity Residential and other defendant landlords declined to comment on ongoing RealPage litigation.

Persons: RealPage, District of Columbia Brian Schwalb, We've, Kevin Weller, There's, Jeffrey Roper, Thoma, Thoma Bravo, Harry Gural, Gural, we're, Mark Parrell Organizations: Washington , D.C, District of Columbia, CNBC, Equity Residential, Towers, World Trade, RealPage, U.S . Department of Justice, Equity, U.S, Thoma Bravo, U.S . Locations: Washington ,, RealPage, Jersey City , New Jersey, Portside, U.S, Miami, Van Ness, Jersey City, Atlanta, Austin , Texas, U.S . East

☆ Red Sea supply chain inflation may be peaking already, new trade data suggests
▼ + stars: | 2024-01-31 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

It tells CNBC that rates on ocean routes from Asia to Europe and the Mediterranean are beginning to decline, but for U.S.-bound trade, prices are still climbing. Rates for cargo headed to the U.S. are still risingBut for U.S companies, while some have negotiating leverage, shipping rates are not seeing any reprieve. According to Sand, rates for the trade route from the Far East to the U.S. East Coast are still heading higher. "Everyone is accusing everyone at the moment, which is normal during situations when there is so much uncertainty in the market," Sand said. "Ocean freight carriers did not invent this crisis and it takes time for them to put in new shipping networks to deal with the disruption caused by diverting away from the Suez Canal."

Persons: February's GRIs, Emily Stausbøll, Peter Sand, Sand Organizations: CNBC, Logistics, U.S . Locations: Xeneta, Asia, Europe, North Europe, Sand, U.S . East Coast, Suez

SANTO DOMINGO, Dominican Republic (AP) — A judge on Thursday conditionally released U.S. rapper Tekashi 6ix9ine after he was arrested in the Dominican Republic last week on domestic violence charges. After the hearing, Tekashi 6ix9ine’s attorney, Waldo Pimentel, accused prosecutors of “fabricating” evidence against his client. Meanwhile, prosecutor Ana Andrea Villa Camacho explained why she had requested that Tekashi 6ix9ine remain held. It is the second time that Hernández is arrested in the Dominican Republic. Tekashi 6ix9ine had a multiplatinum hit song, “Fefe,” with Nicki Minaj in 2018.

Persons: SANTO DOMINGO, —, Tekashi 6ix9ine, Daniel Hernández, ”, Fátima Veloz, Tekashi, Waldo Pimentel, Ana Andrea Villa Camacho, Hernández, Nine Trey Gangsta, “, Nicki Minaj Organizations: Dominican Republic, Authorities, Nine, U.S . Locations: Dominican Republic, Dominican, Caribbean, U.S, U.S . East Coast, Florida

ATLANTIC CITY, N.J. (AP) — Two federal environmental agencies issued plans Thursday to better protect endangered whales amid offshore wind farm development. The agencies said they are trying to find ways to better protect the whales amid a surge of offshore wind farm projects, particularly on the U.S. East Coast. They plan to look for ways to mitigate potential adverse impacts of offshore wind projects on the whales and their habitat. They and other scientific agencies say there is no evidence that offshore wind preparation work is harming or killing whales. As of September 2023, there were 30 offshore wind lease areas along the East Coast, the two agencies said.

Organizations: CITY, U.S . Bureau of Ocean Energy Management, National Oceanic, Atmospheric Administration, U.S ., NOAA, Continental Locations: N.J, American, U.S . East Coast, East Coast, Massachusetts, New York

☆ Stocks making the biggest moves after hours: Netflix, Texas Instruments, Intuitive Surgical and more
▼ + stars: | 2024-01-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Netflix — The streaming service jumped 8.5% after the company reported 13.1 million new subscribers, pushing its total membership count to an all-time high of 260.8 million paid subscribers. The company reported $2.11 earnings per share on $8.83 billion in revenue. Intuitive Surgical — The stock advanced 5% after the company posted a beat on top and bottom lines. The company reported a 21% year-over-year jump in procedures using its da Vinci robotic surgery technology. The regional bank posted $1.69 earnings per share, coming in 5 cents below analysts' estimates, according to FactSet.

Persons: LSEG Organizations: Netflix, Texas, East West Bancorp, East West

☆ Emergency declared in San Diego as wettest January day on record brings widespread flooding
▼ + stars: | 2024-01-23 | by ( Dennis Romero | ) www.cnbc.com time to read: +6 min

Damage is shown after a heavy rain storm causes a small river to overflow into a neighborhood in San Diego, California, U.S. January 22, 2024. SAN DIEGO — Winter storms for relatively dry San Diego are hit-or-miss, but mostly miss, so the wallop of a Pacific front Monday stunned California's second-largest city even as it was expecting rain. It was the wettest January day on record in San Diego, the National Weather Service said. Residents in the Southcrest neighborhood just southeast of downtown had to be rescued by firefighters as standing water quickly surrounded their apartment complex, according to authorities and coverage from NBC San Diego. "At least in the short term, it doesn't look like there's a whole lot on the horizon for Southern California," Maxwell said.

Persons: California's, Todd Gloria, weren't, Gloria, Gavin Newsome, Sean Mahoney, Brandt Maxwell, Maxwell, There's Organizations: DIEGO, National Weather Service, U.S . Customs, Border Protection, San Diego Fire Department, Residents, NBC San, Navy Base, ., Lincoln High School, Red Cross Southern, California Transportation Department, Oceanic, Atmospheric Administration, San Diego Locations: San Diego , California, U.S, San Diego, West Coast, Tijuana, Baja California, Southcrest, NBC San Diego, Navy Base San Diego, downtown, Las Vegas, San Diego Bay, La Mesa, Spring, Red Cross Southern California, Mission, Ocean, San Diego County, Oceanside, El Niño, Southern California, San, El, California, Washington, Israel, Gaza

☆ Why the West can't stop the Houthi rebels' missile attacks on ships
▼ + stars: | 2024-01-23 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

They enjoy three advantages that magnify their ability to create havoc, and make it difficult for the West to stop them. Bab el Mandeb is just 70 miles long and 20 miles wide, within easy range of land-based anti-ship missiles, drones and even howitzers firing extended-range shells. The Houthis also have Iranian-made anti-ship ballistic missiles with a range of around 300 miles, as well as drones. Even a giant aircraft carrier is hard to spot in the vastness of the ocean, and an anti-ship missile's onboard radar can only scan a small area . The Houthis claim they are only attacking Israeli ships out of solidarity with Gaza, though many of the ships have nothing to do with Israel .

Persons: Bab el, Quds Organizations: Service, U.S, U.S ., International Institute for Strategic Studies, US Locations: Red, America, Yemen, Europe, U.S . East Coast, India, East Asia, Suez, Egypt, East Coast, Bab, Eritrea, Djibouti, Iran, Saudi, Gaza, Israel, Persian, Tehran isn't, Vietnam

How Houthi Attacks Have Upended Global ShippingShipping routes before attacks After attacks EUROPE ASIA Suez Canal Red Sea Gulf of Aden Malacca Strait AFRICA Area of Houthi attacks Continued traffic South Atlantic Ocean Indian Ocean Ships diverted after attacks Cape of Good Hope Shipping routes before attacks After attacks EUROPE ASIA Suez Canal Gulf of Aden Red Sea AFRICA Area of Houthi attacks Continued traffic South Atlantic Ocean Indian Ocean Ships diverted after attacks Cape of Good Hope Shipping routes before attacks After attacks EUROPE Suez Canal Gulf of Aden Red Sea AFRICA Area of Houthi attacks Continued traffic Ships diverted after attacks Cape of Good Hope Note: To show the changing paths of ships that regularly traverse the Red Sea, 3,461 cargo vessels recorded at entrances to the Red Sea in the last three months are shown. Those detours, and the Houthi attacks, have persisted despite airstrikes by the United States and its allies against the Houthis. Houthi attack involving commercial vessels Other Houthi attacks in the Red Sea Three commercial vessels were struck in one day on Dec. 3. Nov. 15, 2023 Dec. 1 Dec. 15 Jan. 1, 2024 Jan. 15 Houthi attack involving commercial vessels Other Houthi attacks in the Red Sea Nov. 15, 2023 Armed Houthi fighters boarded a commerical vessel. The Houthi attacks have delayed China’s annual surge in exports before its factories are idled next month for the Lunar New Year.

Persons: Cape, Jan, JPMorgan Chase, Port Said Organizations: Global Shipping Shipping, Atlantic, Ships, Good Hope Shipping, Shipping, United States Central Command Shipping, Ikea, East, JPMorgan, Maersk, U.S . Energy Information Administration, Rotterdam EUROPE Venice, Good Hope, EUROPE Venice, International Monetary, Trade, Galaxy Leader, U.S . Navy, America Locations: ASIA Suez, Aden Malacca Strait AFRICA, ASIA Suez Canal Gulf, Aden Red, Suez Canal Gulf, Suez, Africa, Yemen, Israel, Gaza, United States, U.S, Asia, Europe, China, Northern Europe, East Coast, Maersk Hong Kong, The Singapore, Singapore, Slovenia, Port Said, Egypt, Port, Russia, Ukraine, India, Rotterdam EUROPE, Rotterdam EUROPE Venice Barcelona, Istanbul ASIA SYRIA LEBANON IRAN ISRAEL IRAQ Strait, Hormuz GAZA Suez, Kuwait, Red, Mumbai Malacca, YEMEN AFRICA, Aden, Good, Good Hope EUROPE ASIA SYRIA LEBANON ISRAEL IRAN IRAQ GAZA Suez, Strait, Hormuz Red, YEMEN, EUROPE, EUROPE Venice Tokyo Barcelona, Istanbul Shanghai ASIA SYRIA LEBANON IRAN ISRAEL IRAQ GAZA, Hormuz Hong, Suez Canal Kuwait, AFRICA Red, Mumbai Bangkok YEMEN Malaca, Istanbul Shanghai SYRIA LEBANON IRAN ISRAEL IRAQ ASIA GAZA, Suez Canal AFRICA Kuwait City Red, Red Sea, Beijing

☆ Fears of prolonged Red Sea shipping crisis fuel inflation fears, as oil, retail cargo delays rise
▼ + stars: | 2024-01-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

"If so, we expect the soaring freight rates and equipment shortage will continue till the third quarter," it advised clients. This would be on top of the revenue lost by diverted container vessels which are required to pay between $500,000-$600,000 per transit. "However, given the longer transit times vessels are experiencing, the market may face a shortage of empties across Asia until sailings normalize." Evelyn Fornes, Home Depot spokeswoman, said it is working with logistics carriers to find alternate routes to limit any impact from the Red Sea conflict. East Coast freight rates soar While freight rates for U.S. West Coast ports have yet to spike, freight rates for the East Coast and Gulf are up.

Persons: Folden, Shell, Jean, Charles Gordon, Nyttingnes, Torm, Euronav, Tom, Hafnia, Andy Lipow, Kuehn, Nagel, Ami Daniel, Goetz Alebrand, Stephen Schwarz, Paolo Montrone, Kuehn + Nagel, Alan Baer, Baer, Evelyn Fornes, Fornes, Lane Organizations: Galaxy, Houthis Media, Getty Images, Anadolu, Getty, U.S, Clarksons Securities, Honour Lane Shipping, Wall Street, Shell, Suez, Authority, Lipow Oil Associates, Logistics, CNBC, DHL Global, Asia Pacific, Kuehn, USA, Home, Costco, Walmart, Home Depot, Volvo, Michelin, Ikea, East, U.S . Locations: Iran, Yemen, Anadolu, Hafnia, Ardmore, Suez, Israel, Americas, Asia, Europe, Wells Fargo, Red, U.S, East Coast, U.S . West Coast, Gulf, East, West, West Coast

☆ This stock should benefit from Red Sea turmoil disrupting shipping, Redburn says
▼ + stars: | 2024-01-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The railroad Canadian Pacific Kansas City is poised to benefit from mounting disruptions to shipping in the Red Sea that are rerouting global trade routes, according to Redburn Atlantic. The railroad's land bridge through North America is an attractive alternative for cargo from Asia to the U.S. East Coast as the Suez and Panama canals face disruptions to traffic. Container shipping through the Red Sea was down 30% in mid-December due to repeated attacks by Iran-allied Houthi militants in Yemen, Holmes told clients. CPKC's land bridge through Mexico north to the U.S. shortens transit time by 10 to 14 days compared to the Panama Canal, Holmes wrote. "This route is materially faster (10-14 days) than going through the Panama Canal, especially when there are restrictions in place," he told clients.

Persons: Oliver Holmes, Holmes, CPKC Organizations: Canadian, Canadian Pacific Kansas City, U.S ., Ships, Kansas City Southern, CP Locations: Canadian Pacific Kansas, Lázaro, Coast, U.S . East Coast, North America, Asia, Suez, Panama, Iran, Yemen, Hope, Africa, U.S . East, Mexico, U.S

BUFFALO, N.Y. (AP) — Brutally cold temperatures and dangerous wind chills stayed put across much of the U.S. Monday, promising the coldest temperatures ever for Iowa's presidential nominating contest, holding up travelers, and testing the mettle of NFL fans in Buffalo for a playoff game that was delayed a day by wind-whipped snow. Saco, Montana, dropped to minus 51 F (minus 26 C). Subzero lows reached as far south as Kansas, Missouri, Illinois and parts of Indiana, Taylor said. The person killed — the fifth death nationwide attributed to the Arctic cold — was among four snowmobilers attempting to cross U.S. Highway 40 in the Strawberry Reservoir area. Ice jam warnings were issued in Wyoming and Montana, where the bitter cold could cause rivers and streams to lock up with ice and overflow their banks.

Persons: —, Zack Taylor, Taylor, Crews, shovelers, Bob Isaacs, Buffalo, “, Monday, Julie Walker, John Wawrow, Matthew Brown, Jack Dura Organizations: U.S, NFL, National Weather Service, Buffalo Bills, South Buffalo, Presidential, Republican, Utah, Patrol, Authorities, Washington, D.C, Associated Press Locations: BUFFALO, N.Y, Buffalo, College Park , Maryland, Montana . Saco , Montana, Kansas , Missouri , Illinois, Indiana, Highmark, Orchard Park , New York, Lake Erie, Hamburg, Angola, West Seneca, Blasdell, South, Iowa, United States, Utah, Salt Lake City, Colorado, East, Vail , Colorado, Jackson County, Wyoming, Montana, New York City, Billings , Montana, Bismarck , North Dakota

☆ Red Sea crisis could jeopardize inflation fight as shipping costs spike globally
▼ + stars: | 2024-01-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

In this article HLAG-DEMAERSK.B-DK Follow your favorite stocks CREATE FREE ACCOUNTA ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty ImagesU.S. shipping costs are spiking as attacks in the Red Sea disrupt global trade, raising fears that inflation might pick up again if the disruption persists. But the Red Sea crisis is now having a significant impact further afield with shipping costs between Asia and the U.S also spiking. Shipping rates from North Asia to the U.S. East Coast have jumped 137% to $5,100 for a 40-foot container from early October, according to S&P Global. JPMorgan told clients on Tuesday that the fight against inflation could stall in the coming months if shipping costs push the price of goods higher.

Persons: Sayed Hassan, John Kirby, Kirby, Biden, Chris Rogers, Mark Hopkins, we're, Hopkins, It's, Balika Sonthalia, Sonthalia Organizations: Getty, P Global Market Intelligence, P, U.S ., U.S . East Coast, U.S . West Coast, JPMorgan, Federal Reserve, . National Security, White, Moody's, CNBC, Kearney, The New, The New York Federal, HSBC Locations: Suez, Ismailia, Egypt, South Africa, Asia, Europe, North Asia, Israel, U.S, U.S . East, U.S . West, The New York, Panama

☆ Monday's analyst calls: 30% upside for GM, Carvana upgrade, Anheuser-Busch downgrade
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +7 min

So far this morning there is a big auto stock upgrade and a big beverage downgrade, among other calls. Morgan Stanley dimmed its view on Citizens Financial , downgrading the stock to equal weight from overweight but maintained its $31 per share price target, implying roughly 9% upside. The firm made the chipmaker its top large cap pick on Monday, and reiterated an overweight rating alongside a $620 per share price target. The analyst raised his price target from $25 to $40, which represents 14% upside. "We continue to see ABI's broadly EM focused sales exposure as attractive combined with the company's market leading market share positions," analyst Mitch Collett said.

Persons: Morgan Stanley, Manan, Brian Evans, Piper Sandler, Piper Sandler's, Harsh Kumar, Kumar, Wells, Ike Boruchow, Boruchow, — Brian Evans, JPMorgan's Rajat Gupta, Carvana, John Melloy, Bud Light, Mitch Collett, Vijay Rakesh, Rakesh Organizations: CNBC, East West Bancorp, Citizens Financial, Citizens, West Bancorp, Nvidia, TAM, Wells, JPMorgan Carvan, JPMorgan, Deutsche Bank downgrades Anheuser, Busch, Deutsche Bank, Anheuser, Busch InBev, Staples, Beverages, Mizuho Securities Mizuho Securities, General, United Auto Workers, GM, Vehicles, UAW Locations: China, Wells, Friday's, North America, N.A

FORT LAUDERDALE, Fla. (AP) — A busy hurricane season that saw the National Hurricane Center in Miami issue the first-ever tropical storm warning for the coast of California and hurricane warnings as far north as Nova Scotia is coming to a close Thursday night. “The 2023 hurricane season does show that we can get impacts just about everywhere," said Michael Brennan, director of the hurricane center. A year earlier, a strong storm surge during Hurricane Ian resulted in multiple deaths and significant destruction across southwest Florida. She said she's more than relieved hurricane season is ending. “So it's either hurricane season, or you're getting ready for the next hurricane season," he said.

Persons: —, Michael Brennan, Hurricane Lee, Hurricane Otis, ” Brennan, Brennan, Ian, Danielle DeLoach, Nicole, DeLoach, “, they’re, ” DeLoach, they'll, ___ Fischer Organizations: National Hurricane Center, Hurricane, Florida Gulf, U.S . East, Atmospheric Administration, Ocean Locations: FORT LAUDERDALE, Fla, Miami, California, Nova Scotia, Southern California, Florida, Florida Gulf Coast, U.S . East Coast, New England, Mexico, Acapulco, Atlantic, Gulf Coast of Florida, Florida's, Tropic Shores, Daytona Beach Shores

MIAMI (AP) — Khris Middleton had a thought pop into his head immediately after Milwaukee topped Miami to finish group play in the NBA’s In-Season Tournament with an unbeaten record. Boston outscored the teams in its group by 27 points, compared with a plus-22 differential for Orlando and plus-20 for Brooklyn. That meant the Celtics won East Group C.“You just know what the reason is,” Nets forward Mikal Bridges said. The West race didn't end up with quite as much drama as the East had with the down-to-the-wire differential chasing. The teams that lose in the quarterfinals will play a to-be-added regular-season game against each other, East vs. East and West vs. West.

Persons: — Khris Middleton, “ We’re, ”, Middleton didn't, he'd, it'll, “, ” Middleton, It'd, Bridges, “ It’s, Chicago's Andre Drummond, Billy Donovan didn't, Boston's Payton Pritchard, ’ ”, Joe Mazzulla, Donovan, Josh Hart, Kyle Lowry, ” Lowry Organizations: MIAMI, Milwaukee, Eastern Conference, New York, Indiana, Boston, Western Conference, Los Angeles Lakers, Phoenix, Sacramento, Golden State, NBA, Lakers, Orlando, Brooklyn, Celtics, East Group, ” Nets, Chicago, Nets, Magic, Bulls, ’ ” Celtics, ”, East, Cavaliers, Knicks, Suns, Timberwolves, State, West, Warriors, Golden Locations: Miami, Vegas, Milwaukee, New, New Orleans, Las Vegas, Milwaukee , Indiana, Boston , New York, Cleveland, Orlando, Brooklyn, Boston, York, New Jersey, Minnesota

Not only does it mean an additional game on Prime Video that Amazon hopes to make into a yearly tradition, but it comes on the busiest shopping day of the year. Hans Schroeder, the executive vice president of NFL Media, said the league had been exploring the possibility of adding a game on Black Friday for a while. Adding a Black Friday game gives the NFL another day to take over. According to Nielsen, the most-viewed Amazon game came in Week 2 this season when the Philadelphia Eagles hosted the Minnesota Vikings. NFL games are averaging 17.1 million viewers through 11 weeks, which is a 6% increase over last season.

Persons: We’re, Jay Marine, Hans Schroeder, ” Schroeder, “, Amazon, Garth Brooks, “ I’m, ”, Al Michaels, Kirk Herbstreit, there’s, Tim Boyle, Aaron Rodgers, Tua Tagovailoa, Hill, ___ Organizations: Miami Dolphins, New York Jets, NFL, NFL Media, Amazon, Shopping Network, Nielsen, Philadelphia Eagles, Minnesota Vikings, Jets, AFC East, Dolphins Locations: X’s

☆ Was Peace Ever Possible?
▼ + stars: | 2023-11-20 | by ( Moderated Emily Bazelon | A Discussion Moderated Emily Bazelon | ) www.nytimes.com time to read: +45 min

This was known as the Oslo peace process, named for the city where the secret talks took place. Micha Bar-Am/Magnum Photos Prime Minister Yitzhak Shamir of Israel during the the Middle East peace conference in Madrid, 1991. Margalit: All the Israeli leaders who negotiated for peace, starting with Rabin, were in a weak political position. Dajani: With the First Intifada, and then subsequently Madrid and Oslo, Palestinians suddenly see the possibility of agency. But what’s important to understand is that the notion of peace for Rabin, and for most Israelis, is that peace is a lack of violence from the other side.

Persons: Jordan, Israel, Yasir Arafat, Bernard Frye, Arafat, Larry Towell, Abbas, Micha, Yitzhak Shamir, Jerome Delay, Saddam, Hussein, George H.W, Bush, James A, Baker III, Baker, Shamir, Yitzhak Rabin, Rabin, Shimon Peres, —, Margalit, Saddam Hussein, Hosni Mubarak of, King Hussein of Jordan, Bill Clinton, Gary Hershon, Abu Alaa, “, ” Rabin, ” Arafat, ”, Ashrawi, Yehuda, Efraim, Susan Meiselas, Baruch Goldstein, Patrick Baz, Daoud Mizrahi, Gilles Peress, Goldstein, Matti Steinberg, Netanyahu, Bazelon, Clinton, Shikaki, Manal Jamal, didn’t, Dennis Ross, Omar, Camp David, Ehud Barak, Md, Ralph Alswang, Christopher Anderson, Motasm Amir, Barak didn’t, Barak, David, Dajani, Emily, Arafat —, Ross, Mary, Nobody, Arafat didn’t, Hosni Mubarak, Mubarak, El, there’s, There’s, Robert Malley, Hussein Agha, ” Barak, Sharon, It’s, Yarden Romann, Peter van Agtmael, Khan Younis, Yousef Masoud, Khan, Ahmad Hasaballah, Ziv Koren, they’re, Dan, Avishai, Omar Dajani, Taba, Dana El Kurd, Efraim Inbar, ‘ ‘ Rabin, ’ ’, Daniel Kurtzer, Avishai Margalit, George Kennan, Van, Khalil Shikaki, Limor Yehuda, Emily Bazelon, Nabil Ismail, Pascal, Said, Ulf Andersen, Getty, Menahem Kahana, Abdel, Shafi, Maggie Ohayon, Yigal Amir, Yoav Lemmer, Jack Guez, Olmert, Moshe Milner, Ami, Dani Cardona, Awad Awad, Obama, Ben Gershom Organizations: United Nations, West Bank, Associated, Palestine Liberation Organization, U.S, Soviet Union, Palestinian, Madrid didn’t, Bank, White, Agence France, Presse, Getty Images, Oslo Accord, White House, Reuters, Israel’s Labor Party government, Bazelon, Oslo Palestinian, Getty, West, Shin, Gross, . Security, Camp, Camp David Summit, Labor Party, NPR, American, New York Times, Polaris, Labor, United, McGeorge School of Law, University of the, Israel, Camp David, University of Richmond, Arab Center Washington, Jerusalem Institute for Strategy, Security, Shalem College, Bar, Ilan University, Sadat Center, Strategic Studies, Israel’s National Security, Princeton University’s School of Public and International Affairs, Hebrew University of Jerusalem, Institute for, Princeton, Israel Academy of Sciences, Humanities, Van Leer Jerusalem Institute, Palestinian Center, Policy, Research, Crown Center for Middle East Studies, Brandeis University, Gaza, Hebrew University, Haifa University, Human, The New York Times Magazine, Mount Locations: Israel, Jordan, Gaza, Egypt, Jerusalem, Zion, Munich, Tunisia, Oslo, American, Oslo Gaza, Palestine, Madrid, Kuwait, United States, Soviet, Lebanon, Syria, Jordanian, America, Washington, U.S, Hosni Mubarak of Egypt, U.N, Independence, Palestinian, Sudan, Libya, Yemen, Iraq, Rafah, Hebron, Ibrahimi, West Bank, Judea, Samaria, Yehuda, Camp David, Jenin, Haram, Al Aqsa, Khan, Kfar Aza, Khan Younis, Ahmad, Old, Ireland, Bosnia, Tel Aviv, Iran, Athens, El, Camp, Israeli, Van Leer, Ramallah

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S. - November 15, 2023 AlphaTauri's Daniel Ricciardo talks to the media ahead of the Las Vegas Grand Prix REUTERS/Finn Blake Acquire Licensing RightsLAS VEGAS, Nov 15 (Reuters) - Las Vegas is a 24-hour city but the Formula One drivers facing a schedule that will see them racing into the early morning hours said on Wednesday that they will need to find another gear at the Grand Prix. Friday's qualifying will not begin until midnight local time, meaning it will take place on the same day as Saturday's 10 p.m. race down the Las Vegas Strip, with media obligations following both events. "If I'm tired I'm just going to sleep and if I'm in the car, I'm just going to drink Red Bull. Asked if Verstappen could be more vulnerable in Las Vegas, Alonso did not hesitate. Drivers said the late night starts in Las Vegas could have a knock on effect when they head to Abu Dhabi the following weekend.

Persons: AlphaTauri's Daniel Ricciardo, Finn Blake, I'm, Red, It's, Aston Martin's Fernando Alonso, Max Verstappen, Alonso, Haas, Nico Hulkenberg, Rory Carroll, Miral Organizations: Las Vegas, Las Vegas Strip, Las Vegas Grand Prix REUTERS, LAS VEGAS, Las, U.S, Drivers, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, LA, Las Vegas, Abu Dhabi, Los Angeles

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

Nov 6 (Reuters) - Vacation property operator Hilton Grand Vacations (HGV.N) said on Monday it would buy peer Bluegreen Vacations (BVH.N) in a $1.5 billion deal including debt, to get more customers for its timeshares and expand its offerings. Under the deal terms, shareholders of Bluegreen Vacations will get $75 in cash for each share held, more than double the stock's closing price on Friday, valuing the company at $1.28 billion. Both Hilton Grand and Bluegreen Vacations market and sell timeshares, or vacation ownership interests - a model where multiple owners have exclusive use of a property for a period of time. Shares of Bluegreen Vacations more than doubled to $73.1 in morning trade, while shares of Hilton Grand were down 8.7%. Credit Suisse Securities and Wells Fargo are acting as financial advisors to Bluegreen Vacations, and BofA Securities is acting as the exclusive financial advisor for Hilton Grand Vacations.

Persons: Hilton, Aatreyee Dasgupta, Kannaki, Abhinav Parmar, Shailesh Kuber Organizations: Hilton, Truist Securities, Hilton Grand, U.S ., Bass Pro, Credit Suisse Securities, BofA Securities, Thomson Locations: United States, U.S, U.S . East Coast, Wells, Bengaluru

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