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This complex will be world’s first large-scale “green steel” project, according to H2 Green Steel, the Swedish company behind the multi-billion-dollar mill. Dhiraj Singh/Bloomberg/Getty ImagesWhile projects like H2 Green Steel show momentum is growing, experts say the pace is far too slow. Northern Sweden is also home to the HYBRIT green steel pilot plant — which is one step ahead. US Secretary of State Antony Blinken speaks during a visit to Hybrit Steel Plant in Lulea, Sweden, on May 30, 2023. But there’s also the challenge of producing large amounts of green hydrogen, which will require huge amounts of renewable energy.
Persons: Peter Boer, Dhiraj Singh, , Mohamed Atouife, Daniel Acker, ” Atouife, HYBRIT, Biden, Antony Blinken, Jonas Ekstromer, Martin Pei, SSAB, ” Pei, Chathurika, Caitlin Swalec, Jonathan Nackstrand, Pei, there’s, , Philipp Verpoort, “ It’s, Princeton’s, Swalec, Chris Greig, ” Greig, RMI’s Gamage Organizations: CNN, Green Steel, Tata Steel, Bloomberg, Getty, Rourkela Steel, Princeton University, Volvo, Hybrit Steel, TT, Agency, AFP, , Mountain Institute, Global Energy Monitor, Potsdam Institute, Climate Impact, Potsdam, Princeton University’s Andlinger Center for Energy, Workers, Jiangsu Shagang, Co, European Union Locations: Sweden, Boden, Swedish, Wijk aan, Netherlands, Odisha, India, Indiana, Portage , Indiana, Northern Sweden, Cleveland, Ohio, Middletown, Mississippi, Lulea, Luleå, AFP, China, Europe, Japan, Jiangsu, Huai'an, Jiangsu Province, European
“Is this a political war to the knife?”I was not familiar with that term – “war to the knife” – but Bannon also recently used it in an interview with ex-Fox News host Tucker Carlson. Ousted from White House role in 2017Bannon’s tenure in Trump’s White House was relatively short; he was fired in August 2017, part of a major reorganization under then-chief of staff John Kelly, who was brought in to control a chaotic atmosphere. As chief strategist at the White House, Bannon was known for large whiteboards full of lists of priorities – things that still ring true in the priorities he outlined over the weekend. Courts, Congress and mismanagement kept Bannon and Trump from achieving many of these goals in Trump’s first term. Anticipating the potential for a second Trump term, there are any number of supporters who are mapping out how to make the most of it.
Persons: Steve Bannon, Donald Trump’s, Bannon, , Tucker Carlson, , Trump, Read, Kristen Holmes, Alayna Treene, John Kelly, Kelly, Trump’s, ” Bannon, Joe Biden’s, General Merrick Garland, Gestapo … there’s, MAGA, Peter Bergen, Bergen, Trump ” –, Roger Stone, Rudy Giuliani, John Eastman, Alex Jones Organizations: CNN, FBI, Fox News, Sovereign, of Congress, Democrats, White, Trump’s, Trump –, Trump, of Justice, DOJ, Gestapo, Federal Reserve, Heritage Foundation, State Department, Heritage Locations: Detroit, Kansas, Atchison, White, Ukraine, Trump’s, State
Once, after he executed a particularly tough-minded legal attack on Republicans, Bob Bauer remembers, a conservative magazine called him an “evil genius.” He took it as a compliment. Mr. Bauer was their man. But now Mr. Bauer, the personal attorney for President Biden and previously the White House counsel for President Barack Obama, is looking back and rethinking all that. Maybe, in taking the “genius” part to heart, he should have been more concerned about the “evil” part. And in the process of thinking about what went wrong, Mr. Bauer, who calls himself a “committed partisan warrior,” has stopped to wrestle with his own role in the wars.
Persons: Bob Bauer, , , Bauer, Biden, Barack Obama Organizations: White
President Biden’s campaign expects to collect more than $28 million at a gala Los Angeles fund-raiser packed with celebrities on Saturday night in a Hollywood show of force. Air Force One was expected to land in Washington only long enough to refuel for the continuing flight. The travel across 10 time zones illustrated the competing presidential and political demands on Mr. Biden’s time as the campaign against former President Donald J. Trump accelerates. Aides said the taxing schedule made clear that even at age 81, he still demonstrates the endurance to manage his many duties. The $28 million haul anticipated from Saturday’s event was set to break a party record, overtaking the $26 million Democrats brought in from a fund-raiser in March in New York featuring Mr. Biden along with Mr. Obama and former President Bill Clinton.
Persons: Biden’s, Biden, Barack Obama, George Clooney, Julia Roberts, Jimmy Kimmel, Donald J, Trump, Obama, Bill Clinton Organizations: Jimmy Kimmel . Air Force, Mr Locations: Los Angeles, Italy, Washington, New York
Opinion: The fanatical Hamas leader who calls the shots
  + stars: | 2024-06-14 | by ( Peter Bergen | ) edition.cnn.com   time to read: +7 min
CNN —In February, the Israeli Defense Forces released a grainy video showing the back of a man they identified as Yahya Sinwar, Hamas’ leader in Gaza. Since the video didn’t show Sinwar’s face, there was no independent confirmation that the shadowy figure was indeed the Hamas leader. Former Israeli dentist Yuval Bitton, who treated Hamas leader Yahya Sinwar in an Israeli prison, speaks during an interview in his house in Kibbutz Shoval, Israel, February 5, 2024. While he was in prison, Sinwar admitted that he had killed several Palestinians who he believed were collaborating with the Israelis. While he was in prison, Sinwar became the leader of his fellow Hamas inmates, according to The Washington Post.
Persons: Peter Bergen, , Osama bin Laden, CNN —, Yahya Sinwar, It’s, Sinwar, Ali Jadallah, Joe Biden, hasn’t, ” Sinwar, Yuval Bitton, Amir Cohen, Bitton, Peter Bergen Sinwar, Biden, Antony Blinken, , Gilad Shalit Organizations: New, Arizona State University, Apple, Spotify, CNN, Israeli Defense Forces, Anadolu Agency, Getty, Hamas, Wall Street, New York Times, Reuters, Israel Hayom, The Washington Post, Sinwar, Israel, Gaza Health Ministry Locations: New America, Gaza, Israel, Gaza City, East, Kibbutz Shoval, Israeli
Goetz Alebrand, head of ocean freight at DHL Global Forwarding Americas, said he is not optimistic freight rates will decline anytime soon. "It is unlikely that the situation will resolve itself soon and [ocean freight] rate levels might not ease up before Chinese New Year," Alebrand said. Air freight prices and demand are going higher According to freight intelligence firm Xeneta, China to North America air freight spot rates increased 43%, to $4.88 per kilogram, year-on-year in May. According to ocean freight data from FreightWaves SONAR, container bookings and freight orders from shippers to the ocean carriers are down 48% month-over-month. Xeneta data tracking ocean freight rates from the Far East to the U.S. East Coast, West Coast and Gulf Coast ports shows the historic run.
Persons: Joe Giddens, Paul Brashier, Brashier, Goetz Alebrand, Alebrand, Alan Murphy, Murphy, Peter Boockvar, Boockvar, We've, Nate Herman, Xeneta, Daniel Ives, Niall van de, van de, Good Hope Organizations: Federal Reserve, CNBC, ITS Logistics, DHL Global, Intelligence, Defense Intelligence, U.S ., Bleakley Financial, American Apparel and Footwear Association, Global, ", Apple, Wedbush Securities, Trade, Good Locations: Asia, Europe, Sea, Red, Africa, Shanghai, Rotterdam, Genoa, U.S . West Coast, East Coast, U.S, China, North America, U.S . East Coast , West Coast, Gulf Coast
On Thursday, it expects to welcome Taylor Swift fans heading to Anfield for the first of the superstar’s three “Eras Tour” concerts in Liverpool. Banners outside St George's Hall in Liverpool saying "Liverpool loves Taylor," seen in May 2024. Taylor Swift performs at the Scottish Gas Murrayfield Stadium on June 7, 2024, in Edinburgh, UK. A fan poses at an art installation representing Taylor Swift's "Lover" album era, in Liverpool in June 2024. People walk past an art installation representing Taylor Swift's album "The Tortured Poets Department" in Liverpool in June 2024.
Persons: Sandon, Taylor Swift, Ceri Smith, It’s, , Swift, Smith, Liverpool, Taylor, Phil Noble, Harry Doyle, Gareth Cattermole, Natalia Lechmanova, , ” Taylor, deconstruct Taylor, Taylor Swift's, Peter Byrne, , Doyle, “ She’s, Frankie Goes, Kevin McManus, they’ve, ” McManus Organizations: London CNN, Anfield, Liverpool Football Club, CNN, Reuters, Amion Consulting, Liverpool City Council, Liverpool …, Liverpool ONE, Mastercard, Institute, Fans, Scottish Gas Murrayfield, , Wembley, Liverpool, University of Liverpool, Cavern, National Museums Liverpool, Beatles, UNESCO, Music, Department Locations: Anfield, Liverpool, Sandon, George's, United Kingdom, English, United States, Edinburgh, London, Taylor
Tucked away in the cartouche, an oval-shaped ornament often found in tombs, he found a name of a very recognizable figure: Ramesses II. “The cartouche dates back to its first usage, and contains Ramesses II’s throne name, Usermaatra. Psusennes I reused this sarcophagus that once belonged to Merneptah, the son and successor of Ramesses II. Both sarcophagi would have been inside an even larger stone sarcophagus, the source of the granite fragment Payraudeau discovered. “This also tells us when pharaohs began using more than one stone sarcophagus,” Payraudeau added.
Persons: Menkheperrê, Frédéric, Ramesses, Payraudeau, ” Payraudeau, Ramesses II, , he’s, Psusennes, Ramesses II’s, Ramesses I, Joann Fletcher, Ramesses ’, ” Fletcher, Jean Revez, , Merneptah, Seti I’s, Peter Brand, ” Brand, It’s, Organizations: CNN, Sorbonne University, National Museum of, frugality, UK’s University of York, University of Quebec, University of Memphis Locations: Paris, Egypt, Cairo, Luxor, Abydos, Merneptah, Montreal
President Biden on Sunday wrapped up a five-day visit to France by making a point to visit a cemetery for American soldiers killed in World War I. For Mr. Biden — running against Mr. Trump again — visiting the cemetery was meant to send a message to voters back home. “America showed up.”Mr. Biden was talking about the United States military during World War I. But he might as well have been talking about Mr. Trump’s refusal to show up six years ago. Asked directly what he was trying to say about his rival in this year’s presidential race, Mr. Biden paused for a moment.
Persons: Biden, Donald J, Trump, , , Mr, Trump’s Organizations: Mr, , United States Locations: France
Forty years later, another aging president facing re-election plans to return to the same spot Friday to honor the same heroes and effectively align himself with Mr. Reagan’s legacy of leadership against tyranny. President Biden will not be the first president to try to walk in Mr. Reagan’s footsteps in Normandy, and it is a risky gamble. To many in both parties, Mr. Reagan’s speech remains the gold standard of presidential oratory and none have matched it at Normandy since. But like Mr. Reagan, Mr. Biden wants to use the inspiring story of the Rangers at Pointe du Hoc to make a case for American alliances in the face of Russian aggression — and, implicitly, for himself. If there is something audacious about Mr. Biden, a staunch Democrat who was no friend of Mr. Reagan’s in the 1980s, summoning the spirit of the Republican legend, it speaks to the up-is-down, black-is-white nature of politics in today’s America.
Persons: Ronald Reagan, Biden, Reagan, Mr, Reagan’s Organizations: Army Rangers, Rangers, Republican Party Locations: Normandy, France, Pointe du Hoc, today’s America
is the chief Africa correspondent for The Times based in Nairobi, Kenya. He previously reported from Cairo, covering the Middle East, and Islamabad, Pakistan.
Organizations: The Times Locations: Africa, Nairobi, Kenya, Cairo, Islamabad, Pakistan
He might not have anticipated all the particulars, such as the porn actress in the hotel room and the illicit payoff to keep her quiet. But he feared that eventually a criminal might occupy the presidency and use his powers to thwart anyone who sought to hold him accountable. But as hard as they worked to establish checks and balances, the system they constructed to hold wayward presidents accountable ultimately has proved to be unsteady. And it raises fundamental questions about the limits of power in a second term, should Mr. Trump be returned to office. Given that, it would be hard to imagine what institutional deterrents could discourage abuses or excesses.
Persons: Patrick Henry, , Donald J, Trump
Opinion: This deal can end the war in Gaza
  + stars: | 2024-06-01 | by ( Peter Bergen | ) edition.cnn.com   time to read: +8 min
CNN —It’s taken more than half a year, but, finally, President Joe Biden has publicly unveiled an Israeli plan that could end the bloodshed in Gaza. But getting the two sides to actually agree to — and implement — the peace plan is far from a certainty. As the Gaza war continues, Israel’s dreams of normalization with the Arab world will steadily erode. Support for the Gaza war among Americans has dropped from 50% at the beginning of the war in November to 36% in March, according to Gallup. Evan Vucci/APNetanyahu also keeps fighting the Gaza war with no real plan for the “day after,” in short, without a strategy.
Persons: Peter Bergen, , Osama bin Laden, CNN — It’s, Joe Biden, Yahya Sinwar, Benjamin Netanyahu, Netanyahu, Biden, Chuck Schumer, Schumer, , ” Schumer, Harry Truman, Donald, Evan Vucci, Sun Tzu, Max, Tacitus, Israel’s, Benjamin Netanyahu's, Maya Alleruzzo, Organizations: New, Arizona State University, Apple, Spotify, CNN, Hamas, Politico, Gaza Health Ministry, Gallup, US, Democrat, Israel, American, White, Biden, Israeli, Twitter, Facebook, UN Locations: New America, Gaza, United States, Hiroshima, Nagasaki, Japan, Palestinian, Michigan, Israel, Washington, Tel Aviv, United, Qatar, Egypt
But this was no ordinary extraordinary case. And President Biden was no disinterested bystander. If Mr. Biden spoke out directly, he would doubtlessly feed into Mr. Trump’s false narrative that the prosecution was nothing more than a political hit job to take out his challenger. Mr. Biden’s damned-if-you-do, damned-if-you-don’t conundrum meant that his political risks essentially outweighed his presidential imperatives. While many of his predecessors have played a pastoral role at other moments when the justice system was tested during incendiary cases — think Rodney King, Michael Brown or George Floyd — Mr. Biden concluded that speaking out would make things worse, not better.
Persons: Biden, Donald J, Trump, Biden’s, Rodney King, Michael Brown, George Floyd — Mr Organizations: White Locations: United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed is feeling peer pressure, but Powell doesn't want to see inflation climb again: Peter BoockvarPeter Boockvar, Bleakley Financial Group, joins 'Fast Money' to talk the state of the economy and what's next for the Federal Reserve.
Persons: Powell, Peter Boockvar Peter Boockvar Organizations: Bleakley Financial, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoockvar: 10-year yield is a trigger for buying or selling of stocksPeter Boockvar, Chief Investment Officer at Bleakley Financial Group, discusses rates, inflation, and this week's bond auction.
Persons: Peter Boockvar Organizations: Bleakley Financial
Opinion: Alito’s second red flag
  + stars: | 2024-05-26 | by ( Kirsi Goldynia | ) edition.cnn.com   time to read: +18 min
This is not the first time Alito has found himself in hot water over displaying a controversial flag on his property. The upside-down flag, a signal of distress, was adopted by Trump supporters who believed the false claim that the election had been stolen. (Alito said his wife had raised the upside-down flag in response to a disagreement with a neighbor. The discovery also comes at a time when the Supreme Court will be making a decision about Trump’s claims of sweeping presidential immunity, his get-out-of-jail-free card for the federal cases he faces. “The notion that the Supreme Court can be trusted to be an arbiter above partisan politics has suffered major blows in recent years.
Persons: , Scott Peck, Samuel Alito, , Alito, Joe Biden’s, Trump, Julian Zelizer, Walt Handelsman, Michael J, Broyde, Ruth Bader Ginsburg, Donald Trump, , , ” Nikki Haley’s, Nikki Haley’s, Nikki Haley, Haley, Nancy Pelosi, She’s, Joe Biden ‘, I’ve, ” Clay Jones, Drew Sheneman, Judge Juan Merchan, Robert Costello, Michael Cohen, Norm Eisen, Costello, ’ Merchan, cautioning, , Eisen, Sunak, Rishi Sunak, Henry Nicholls, Holly Thomas, Sunak —, Thomas, Joel Pett, Adolf Hitler, Ruth Ben, Hitler, Benito Mussolini, Said Ben, Anna Sauerbrey, Sauerbrey, Biden, America —, Richard Curtis ’, Julia Roberts, Hugh Grant, Laura Beers, it’s, , Ebrahim Raisi, Frida Ghitis, Ali Khamenei, Peter Kuper, Cagle, “ I’m, What’s, Benjamin Netanyahu, Yoav Gallant, Yahya Sinwar, Mohammed Diab Ibrahim al, Masri, Ismail Haniyeh, Peter Bergen, ” Netanyahu, Israel’s, Netanyahu, Kerri Kennedy, Biden “, Israel, ” Don’t, Agency Carrie Sheffield, Noah Berlatsky, Singleton, Biden’s Morehouse, Jill Filipovic, Diddy, Cassie Ventura, Catherine Tan, Shanahan, Brian Castrucci, Frank Luntz, Mark Zandi, Trump Will Cathcart, Joyce M, Davis, Bill Maher, Jimmy Kimmel, Randy Holmes, Bill, ” Nicole Hemmer, Said Will, Maher, Hemmer, ” “ Maher, It’s Organizations: CNN, New York Times, Agency, Trump, South Carolina Gov, Republican, NHS, Labour, Tory, Social, Italiana, European Union, , Islamic, Education, Workforce, Harvard, University of California, Columbia University, Columbia, Criminal Court, ICC, Israeli, International Court of Justice, United Nations Security, American Friends Service Committee, RFK, Disney, Entertainment, Democrats Locations: Alito’s Virginia, New Zealand, AFP, , England, Trump’s America, America, Italian, Germany, Poland, France, Berlin, Hill, American, British, London, Notting Hill, Iran, Republic of Iran, Islamic Republic, University of California Los Angeles, Gaza, United Kingdom, Rafah, Georgia’s, Moscow, Africa
Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the U.S. Census said Thursday. Higher mortgage rates are clearly hampering sales. Some of that is due to the mix of homes selling, which is mostly on the higher end of the market. Those buyers are not as influenced by mortgage rates, as they often use all cash. The big production builders have been buying down mortgage rates to help boost sales, but they are able to do that because of their size.
Persons: Peter Boockvar, Robert Dietz, NAHB's Organizations: Spring Barbera Homes, Builders, Toll Brothers, Bleakley Financial, CNBC, National Association of Home Builders, Wells Fargo . Locations: Loudonville , New York, U.S, Horton, Wells Fargo
There was a time when Nikki Haley thought an “unstable and unhinged” person should not be president. Flip-flopping has a long if uninspiring history in American presidential politics. But rarely have the flip-flops been as stark and head-snapping as those prompted by Mr. Trump. Ever since he vaulted to the leadership of the Republican Party eight years ago, the same Republicans who once deemed him a “kook,” a “pathological liar” and a “delusional narcissist” nonetheless have come around to endorse handing him the nuclear codes. Even some Republicans no longer aspiring to hold public office have buried their apprehensions to stay with the choice of the party’s voters.
Persons: Nikki Haley, Donald J, Trump, “ kook, , narcissist ” Organizations: Trump —, Mr, Republican Party, Republicans
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed is in 'wait and see' mode on rate policy timeline, says Bleakley's Peter BoockvarPeter Boockvar, chief investment officer at Bleakley Financial Group, joins CNBC's 'The Exchange' to discuss the Fed's rate policy stance, signals from the metal rally, and more.
Persons: Bleakley's Peter Boockvar Peter Boockvar Organizations: Bleakley Financial
The official kickoff for summer this weekend is going to get even busier, thanks in part to Taylor Swift. Bookings to other European cities where’s she’s performing in the coming weeks, including Madrid, Edinburgh and Dublin, are also surging, a United representative told CNN. United’s flights to Milan and Munich for Swift’s shows in July have captured the biggest increase in demand – upwards of 45% more passengers compared to last year. Delta Air Lines told CNN demand is on the rise for flights to her European tour. Airlines for America, a group representing major US airlines, predicts record numbers of passengers this summer, with carriers expected to fly 270 million passengers — up 6% from last year.
Persons: Taylor Swift, Swift, , Chicago’s O’Hare, United, ‘ Swiftonomics ’, , Elvis, Beatlemania, Dr, Peter Brooks, Anna Cooban Organizations: New, New York CNN, Air, United Airlines, United, CNN, Houston . Delta Air Lines, Airlines for America, Barclays Locations: New York, Lisbon, Portugal, Europe, Madrid, Edinburgh, Dublin, Milan, Munich, East, Newark, Dulles, San Francisco, Denver, Houston, Delta, United Kingdom
Israeli Prime Minister Benjamin Netanyahu would effectively become a pariah who wouldn't be able to travel to most countries if the International Criminal Court were to approve the arrest warrant. Those 124 countries would be duty-bound to arrest Netanyahu were the court to issue an arrest warrant for him. Already France and Belgium have issued statements in support of the ICC‘s requests for Netanyahu’s arrest warrant. In the United States, there has been predictable pushback against the ICC move to try to issue an arrest warrant against Netanyahu. The ICC’s move to seek an arrest warrant for Netanyahu may only harden his resolve to continue the war in Gaza seemingly indefinitely.
Persons: Peter Bergen, , Qatar CNN —, Moammar Gadhafi, Vladimir Putin, Benjamin Netanyahu, Netanyahu, Joan Donoghue, Abir, Karim Khan, CNN’s Christiane Amanpour, Yoav Gallant, Khan, Yahya Sinwar, Israel, Israel’s, Mitch McConnell fulminated, Joe Biden, Putin, Putin “, he’s, Republican Sen, Lindsey Graham of, Facebook I’m Organizations: New, Arizona State University, Apple, Spotify, CNN, Doha, Qatar CNN, Israeli, International, ICC, International Court of Justice, BBC, Getty Images, European Union, Republican, Biden, Street, Twitter, Facebook, Global Security, Hamas, The Times Locations: New America, Qatar, Nuremberg, Gaza, Israel, Africa, United States, United Kingdom, Germany, France, Belgium, Ukraine, Lindsey Graham of South Carolina
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Coppola has responded to the negative reaction, expressing his belief that detractors have conspired against him because the film "doesn't play by Hollywood's current rules." AdvertisementHe then dismissed those who had pejoratively called the film a "passion project," stating, "I've never made a film that wasn't a passion project." Little White Lies's David Jenkins wrote that "Megalopolis" is a "celebration of unfettered creativity and farsightedness" and features "a script of toe-tapping word-jazz." To fund "Megalopolis" Coppola sold a significant share of his Northern California wine empire, according to GQ.
Persons: , Francis Ford Coppola's, Adam Driver, Aubrey Plaza, Jon Voight, Laurence Fishburne, Romy Mars, Sofia Coppola, Coppola, I've, Nathalie Emmanuel, Esther Zuckerman, Peter Bradshaw, Jessica Kiang, White, David Jenkins, Deadline's Damon Wise, Darren Demetre Organizations: Service, Cannes, Business, Air, Daily, GQ, Guardian Locations: Rome, Northern California
Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website, according to a statement from the agency. The statement provided few details but noted that the Labor Department agency has notified the Office of Management and Budget and the department's Office of the Inspector General. There was no other information provided concerning the early release of the CPI, a key inflation indicator that showed another increase in April, though slightly less than what the Wall Street consensus had anticipated. ET release, though there was little unusual activity in the half-hour prior, indicating that the early release was not widely seen and did not materially impact trading. Core inflation, which excludes food and energy, ran at a 0.3% rate monthly rate and 3.6% annually, the lowest since April 2022.
Persons: Wednesday's, Peter Boockvar, Trump, Boockvar, Stocks Organizations: Bureau of Labor Statistics, BLS, Labor Department, Management, Budget, CPI, Bleakley Locations: Washington
Taylor Swift performs during The Eras Tour at the National Stadium in Singapore on March 2, 2024. Taylor Swift's Eras Tour is set to provide a £997 million ($1.2 billion) boost to the U.K. economy, according to Barclays, which predicts fans will spend an average £848 to see the singer. Barclays' "Swiftonomics" report said the average amount spent on an Eras Tour ticket is £206. The bank also expects ticket-holders to splash out an average of £79 on official merchandise on the U.K. leg of the Eras Tour, which kicks off in June. Based on that total spend of £848 by nearly 1.2 million ticket-holders, across 15 nights at four stadiums, Barclays predicted that the tour will rake in £997 million.
Persons: Taylor Swift, Taylor, Elvis, Beatlemania, Peter Brooks, Swift, Beyoncé, Bruce Springsteen, Filip Andersson, — CNBC's Sophie Kiderlin Organizations: Barclays, Danske Bank, CNBC Locations: Singapore, That's, Stockholm, Sweden
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