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Stocks in the infrastructure sector aren't always top of mind. But investors who want to diversify their portfolios away from those popular names and themes can consider the infrastructure theme, says Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management. Stock pick Slimmon is bullish on equipment rental company United Rentals . URI YTD mountain YTD shares of United Rentals Shares in United Rentals trade on the New York Stock Exchange, and are up over 40% year to date, and over 80% over the last 12 months. KeyBanc Capital Markets' analysts identified United Rentals as "interesting acquirers," citing its "strong history of driving solid returns through large deals each year."
Persons: Andrew Slimmon, Slimmon, Hurricane Helene, It's, Florida's Organizations: Nvidia, Novo Nordisk, Morgan Stanley Investment Management, United Rentals, New York Stock Exchange, KeyBanc, Markets Locations: U.S, Hurricane, North Carolina , Georgia, Texas, Massachusetts, Bend, Connecticut, North America, Europe, Australia, New Zealand
Acting Samoan Prime Minister Tuala Tevaga Iosefo Ponifasio said in a press statement Sunday that an oil spill was highly probable. “The HMNZS Manawanui is not recoverable and has sunk into the ocean,” he said. Numerous vessels and aircraft were sent to help, including a Royal New Zealand Air Force P-8A Poseidon and C-130J aircraft, the New Zealand navy said. Rescue teams responded to a call for help from New Zealand navy research ship HMNZS Manawanui. The HMNZS Manawanui was a relatively new addition to the New Zealand navy, having been purchased in 2018 for around $100 million NZD ($61 million), though it was built in the early 2000s.
Persons: Brian Rose, Judith Collins, “ It’s, It’s, , Divers, “ They’ll, Tuala Tevaga Iosefo Ponifasio, Dave Poole, ” Poole, Chris Luxon Organizations: CNN, New, RNZ, RNZ . New Zealand Defense, Newstalk ZB, Emergency Services, Royal New Zealand Air Force, New Zealand, Sunday, Rescue, Emergency Services Authority New Zealand Locations: Samoa, Upolo, New Zealand, Maninoa, RNZ ., Tafitaola, New
Asia-Pacific markets mostly climbed on Monday, led by Japan's Nikkei 225 gaining 2% as investors look ahead to a week of central bank decisions from around the region. Three central banks are set to release their interest rate decisions this week, namely the Bank of Korea, the Reserve Bank of New Zealand and the Reserve Bank of India. Economists polled by Reuters expect the BOK and RBNZ to cut rates, while the RBI will hold. The BOK on Friday is expected to lower its benchmark interest rate to 3.25% from 3.5%, while the RBNZ is expected to enact a 50-basis-point cut to 4.75% on Wednesday. Back in August, the RBNZ surprised economists after it lowered its policy rate to 5.25% from 5.5%.
Persons: BOK Organizations: Japan's Nikkei, Bank of, Reserve Bank of New, Reserve Bank of India, Reuters Locations: Seoul . Asia, Pacific, Bank of Korea, Reserve Bank of New Zealand
A New Zealand naval ship caught fire and sank off Samoa; all those on board were rescued. AdvertisementA New Zealand naval ship that cost around $63 million caught fire and sank off the coast of Samoa. The HMNZS Manawanui. Related storiesThe New Zealand government said in 2018 that it would cost NZ$103 million (around $63 million) to buy and convert the ship, Radio New Zealand reported. AdvertisementGolding added that the passengers and crew would be flown back to New Zealand from Samoa on Sunday.
Persons: Manawanui, , HMNZS Manawanui, Garin Golding, Golding, David Rowland, Shane Arndell Organizations: New, Service, New Zealand's Defence Force, New Zealand Air Force, Radio New Zealand, Royal New Zealand Navy, Component, New Zealand Defense Force, Business Locations: New Zealand, Samoa, Zealand, Upolu, Auckland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAir New Zealand CEO says SpaceX's Starlink Wi-Fi will be 'fantastic' for its flyersHours after a meeting with SpaceX and Starlink, Air New Zealand CEO Greg Foran told "Squawk Box Asia" that the company is making "terrific progress" on introducing Starlink Wi-Fi services to its fleet, which is set to begin in 2025.
Persons: Greg Foran Organizations: Air New Zealand, SpaceX Locations: Air
A New Zealand teenager sent thousands of scam texts using a fake cellphone tower before he was caught. It uses a so-called SMS Blaster to trick cellphones. The FBI and FTC have warned of rising smishing scams in the US. The Federal Trade Commission says that most "smishing" scams in the United States also involve people posing as banks. In 2022, the bureau warned that large-scale smishing campaigns delivered "hundreds, thousands, or even hundreds of thousands" of text messages in a matter of hours mimicking the IRS.
Persons: , Smishing Organizations: FBI, FTC, Service, Police, New Zealand police, Federal Trade Commission Locations: Zealand, New Zealand, United States
In this article AF-FRUALAIR-NZ Follow your favorite stocks CREATE FREE ACCOUNTThe days of spotty — or worse, no — Wi-Fi on airplanes are numbered, said Air New Zealand CEO Greg Foran. Reliable and fast Wi-Fi will become "ubiquitous" on full-service carriers, he told "Squawk Box Asia" Friday. Air New Zealand announced in December 2023 that Starlink services would be installed on two domestic aircraft in late 2024. watch nowHowever, passengers will have to wait a bit longer for those services to launch at Air New Zealand. Starlink at scaleOn Sept. 13, United Airlines said it had signed the industry's largest agreement for Starlink services to date.
Persons: Greg Foran, Foran Organizations: Air New Zealand, CNBC, United Airlines
Research Affiliates CIO Chris Brightman believes immigration reform is needed to boost the economy. One proposed policy is projected to energize the labor market and liquidate $0.6 trillion in debt. But to one chief investment officer, immigration policy isn't a matter of political debate — it's an economic nonnegotiable. A declining population brings with it a declining labor force. Immigration policy solutionsBrightman sees the need for more friendly immigration policies such as providing permanent residency to immigrants who graduate from US universities.
Persons: Chris Brightman, , Brightman, they're Organizations: Research, Service, Social Security, Medicare, Immigrants, Penn Wharton Budget, Immigration Locations: Japan, Korea, Taiwan, Canada, New Zealand, Australia, outlays
The silvery orb is near or at the farthest point in its orbit from our planet, so it can’t completely block the sun as it does during a total solar eclipse. Another annular solar eclipse will arrive on February 17, 2026. Finally, a total solar eclipse — such as the one that drew millions of spectators across North America last April — will once again grace the skies on August 12, 2026. To witness any of these solar eclipse events, be sure to use certified eclipse glasses or a handheld solar viewer to shield your eyes from the sun’s harmful rays and observe the event safely. But don’t look through any optical device — camera lens, telescope, binoculars — while wearing eclipse glasses or using a handheld solar viewer, according to NASA.
Persons: , Greg Wood Organizations: CNN, South America, NASA, North America, Getty, New Zealand, Democratic Locations: South, United States, Canada, Greenland, Iceland, Europe, Africa, Oceania, New Zealand, Fiji, Australia, Antarctica, South America, Cove, AFP, Russia, Spain, Portugal, North America, New, Namibia, Botswana, South Africa, Lesotho, Nigeria, Cameroon, Chad, Sudan, Egypt, Saudi Arabia, Iran, Afghanistan, Pakistan, India, China, North Korea, South Korea, Japan, Angola, Democratic Republic of Congo, Uganda, Kenya, Somalia, Malaysia, Indonesia, Brunei, Philippines
Americans can bet on the outcome of US elections following a legal fight. Last month, Kalshi briefly listed bets on congressional election outcomes before the CFTC shut them down. On Wednesday, prediction market Kalshi got the go-ahead to take bets on congressional elections after a months-long legal battle with the Commodity Futures Trading Commission. That makes it one of the only options for Americans to bet on election outcomes, and the only legal one for Americans to wager large amounts of money. The court's decision comes just five weeks before the elections, and follows years of legal battles between prediction markets and the CFTC.
Persons: Kalshi, , CoinDesk, Harry Crane Organizations: CFTC, Service, Futures Trading Commission, Federal, Kalshi, Senate, Rutgers University Locations: New York, New Zealand
Amazon Prime members who missed out on epic deals from Amazon Prime Day back in July can try their luck again over Amazon Prime Big Deal Days, coming up on October 8 and October 9. Amazon Prime Visa: 5% cash back with no limitAmazon Prime members who also have the Prime Visa credit card can earn 5% cash back on almost anything purchased from Amazon and Whole Foods. In addition to earning 5% back on Amazon, cardholders with an Amazon Prime membership also earn 5% on purchases from Amazon Fresh, Whole Foods, and Chase Travel℠ purchases. Even cardholders without Amazon Prime membership can earn 3% cash back on purchases from Amazon, Amazon Fresh, Whole Foods, and Chase Travel℠. Other cards offer higher cash-back rates on non-Amazon purchases Insider’s Take The Amazon Prime Visa is a good choice if you're already an Amazon Prime member — and do quite a bit of online shopping.
Persons: you've, you’ve, Chase, , Katherine Fan, Katherine, Guy, Nerdwallet, Fortune, Katherine moonlights, she's, She's Organizations: Amazon, Visa, Amazon.com, Amazon Prime, Deal, Discover, Foods, Chase Travel, FDIC, Finance, Business, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: Amazon, Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan
Dollar firm as war widens in Middle East
  + stars: | 2024-10-02 | by ( ) www.cnbc.com   time to read: +2 min
The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about the widening of conflict in the Middle East. The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about the widening of conflict in the Middle East. The bid for safety kept the yen broadly steady at 143.45 per dollar and the Swiss franc at 0.8463 per dollar. The New Zealand dollar was nursing a 1.1% overnight fall at $0.6283 and oil prices had jumped 2.5%. Westpac strategist Imre Speizer said the Middle East was unpredictable but that in the absence of escalation market sentiment could recover and focus return to economics.
Persons: Sterling, Imre Speizer, Tim Walz, JD Vance Organizations: Swiss, New Zealand, U.S, Iran's Revolutionary Guard Corps, Hezbollah, ANZ, Westpac, BNZ, Gulf Coast dockworkers Locations: Iranian, Israel, Early Asia, Iran, Lebanon, Asia, New Zealand, dockside, East, Gulf Coast
Chase Freedom Flex® Review 2024Chase Freedom Flex® Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. Chase Freedom Flex® Overview and Key FeaturesThe Chase Freedom Flex® credit card has been extremely popular since it debuted a few years ago. Consumer Insights on the Chase Freedom Flex®The Chase Freedom Flex® is well-loved for the various benefits mentioned above. Chase Freedom Unlimited® vs. Chase Freedom Flex®The Chase Freedom Unlimited® is a cousin of the Chase Freedom Flex®, and another one of Personal Finance Insider's picks for the best credit cards. Chase Freedom Flex Frequently Asked QuestionsWhat is the Chase Freedom Flex Credit Card?
Persons: takeout, Chase, There's, cardholders, You'll, Cash, you'll, it's, Finance Insider's, Cardholders, Read, you've, What's, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Jasmin Baron Organizations: Business, Citi, Chase, McDonalds, PayPal, Chase Travel, Mastercard, Sapphire, Emergency, Lyft, Consumer, Finance, Restaurants, Citi Entertainment, Amazon.com, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: There's, Reddit, Chase, Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan, Canada
London-based online trading platform Freetrade told CNBC Tuesday that it's agreed to buy the U.K. customer book of Stake, an Australian investing app. Freetrade and Stake declined to disclose financial information of the deal, including the value of Stake's U.K. customer book. The company, which also operates in New Zealand, launched its services in the U.K. in 2020. Following the deal, customers of Stake U.K. will be contacted with details about how to move their money and other assets over to Freetrade in "the coming weeks," the companies said. Customers will still be able to use their Stake account until assets and cash are transferred to Freetrade in November.
Persons: it's, Matt Leibowitz, Dan Silver, Jon Abitz Organizations: CNBC, Stake Locations: Freetrade, Sydney, Australia, New Zealand
FoundersCard is an exclusive membership for startup founders, CEOs, entrepreneurs, and innovators. Beyond personal benefits, it can provide direct, tangible benefits to the business or project that you're trying to grow. FoundersCard Membership BenefitsFoundersCard offers a wide range of benefits that can be loosely broken into three categories: savings and discounts, VIP treatment and perks, and exclusive events. British Airways offers FoundersCard members up to 10% off most round-trip fares between the US or Canada and the UK. FoundersCard is a private membership club offering access to exclusive benefits and networking opportunities for entrepreneurs and business professionals.
Persons: — there's, , FoundersCard, Eric Kuhn, it's, MOO, General Assembly —, isn't, David E, David Organizations: Cathay Pacific, British Airways, . Alaska Airlines, Continental, JetBlue, Mint, American Airlines, Qantas, Australian, Emirates, Singapore Airlines, Apple, General Assembly, Business, Chevron, Yorker, Muhlenberg College, University of Edinburgh, Twitter Locations: Austin, Canada, Continental US, Hawaii, Australia, New Zealand, East, Asia, Africa, Chevron, Slotnick, Scotland
If you’re in the path of the partial or annular eclipse and plan to observe either celestial spectacle, make sure you have a pair of certified eclipse glasses or a handheld solar viewer. The eclipse pathThe annular eclipse will begin at 12:50 p.m. A global map shows the path of the annular solar eclipse on October 2. If you don’t have certified eclipse glasses or use a handheld solar viewer to observe the annular eclipse, you can use a telescope, binoculars or camera that has a special solar filter on the front, which acts the same way eclipse glasses would. The small space between will reflect the sun’s crescent during a partial eclipse or a ring during the annular eclipse.
Persons: Kent Nishimura, you’re Organizations: CNN, South America, NASA, Pacific, Atlantic Coast, American Meteor Society, Taurids Locations: South, Pacific, Rapa Nui, Easter, Argentina, Chile, Hawaii, American Samoa, Brazil, Fiji, French Polynesia, Mexico, New Zealand, Pitcairn Islands, Kiribati, Tonga, Uruguay, South Georgia, Falkland, Falkland Islands
Anu Verma went on a 16-month solo trip before traveling to 36 countries within four months. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She was eight years older than me and had already gone on a solo trip and had some crazy stories about her time visiting Australia. After completing my final exams, I booked a six-month solo trip to Australia, New Zealand, Thailand, and India, which I ended up extending to 16 months because I loved it so much. Since I was doing a long-term trip, I'd always try to find the cheapest flights.
Persons: Anu Verma, Verma, , Victor, Anu Vermal, I'd, Anu, I've Organizations: Service, Taj Locations: Coventry , England, Australia, New Zealand, Thailand, India, Nepal, Burma, Philippines, Indonesia, Lombok, Asia
In an interview with Zane Lowe on Apple Music 1, the band’s front man, Chris Martin, confirmed that the seven-time Grammy Award-winning group will retire after the release of its 12th studio album. “We are only going to do 12 proper albums and that’s real,” Martin told Lowe. There’s only 12 ½ Beatles' albums, there’s about the same for Bob Marley, so all our heroes,” Martin explained to Lowe. Martin told Lowe that because he loves working on new music, he’ll likely continue to do so after the band retires. The clocks are ticking for the arrival of Coldplay’s 10th album, Moon Music, on Oct. 4.
Persons: Zane Lowe, Chris Martin, ” Martin, Lowe, , Martin, “ There’s, Harry Potters, Bob Marley, , he’ll, Jonny Buckland, Guy Berryman, Will Champion, they’ll Organizations: Coldplay, Apple, New Zealand Locations: There’s, Australia, New, Asia
Yen steadies, dollar slips as China reaches for stimulus
  + stars: | 2024-09-30 | by ( ) www.cnbc.com   time to read: +3 min
Japanese 10,000 yen banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph in Tokyo, Japan. The yen slipped about 0.4% to 142.75 per dollar after jumping 1.8% on Friday. European inflation data on Tuesday and Chinese data due later on Monday are also keenly awaited. The New Zealand dollar was up 0.3% at $0.6360 after hitting its highest since December on Friday. "The trend over next year or so is for the dollar to go down," said Commonwealth Bank of Australia strategist Joe Capurso.
Persons: Shigeru Ishiba, Ishiba, Ray Attrill, Joe Capurso Organizations: Liberal Democratic Party, NHK, Bank of Japan, National, New, New Zealand, U.S, U.S . Federal, Commonwealth Bank of Australia Locations: Tokyo, Japan, National Australia, China, U.S .
Outbound travel from China is set to receive a much-anticipated jolt as "Golden Week" bookings show changes in where and why Chinese people are traveling. While most Golden Week travelers are choosing mid-tier accommodations, growth for five-star hotels in Europe is almost three times higher in Europe than in Asia-Pacific, company data showed. Seeking quiet and concertsAs Chinese tourists continue to move beyond organized sightseeing tours abroad, more are seeking to celebrate Golden Week in off-the-beaten-path locations, especially in Asia and Europe, according to Trip.com's data. In Europe, bookings in Spain rose 260% to the city of Granada and 144% to Seville, according to Trip.com. Hong Kong is expected to welcome as many as 1.2 million mainland Chinese visitors during the coming Golden Week holiday, up 10% from last year, according to the city's Travel Industry Council.
Persons: Trip.com, Oscar Wong, Vietnam —, Ito, John Legend Organizations: National, Alibaba Group, United, United Arab, Goldman Sachs Equity Research, ASEAN, Golden, city's Travel Industry Locations: China, Asia, Pacific, Japan, Hong Kong, South Korea, Australia, Thailand, Malaysia, Singapore, Vietnam, Southeast Asia, United States, Chile, Croatia, Belgium, Hungary, Czech Republic, Finland, Norway, Netherlands, United Arab Emirates, Sri Lanka, New Zealand, United Kingdom, France, Spain, Europe, Trip.com, Cambodia, Laos, Myanmar, Tokyo, Kyoto, Yokohama, Phu, Granada, Seville, Golden, . Hong Kong
CNN —New Zealand has reclaimed the world record for the largest mass Haka, with thousands packing a major stadium on Sunday for a resounding performance of the traditional Māori routine. New Zealand band Six60 perform for participants gathered in a world record attempt for the largest mass Haka at Eden Park in Auckland on September 29, 2024. They huffed out their chests, stomped on the floors, and stuck their tongues out to make intimating facial expressions, according to a video posted on Haka Record’s official Instagram. CNN has reached out to Guinness World Records for comment. New Zealand filmmaker-actor Taika Waititi, second from right, and US TV host Conan O'Brien, second from left, at Eden Park in Auckland on September 29, 2024.
Persons: Six60, DJ Mills, Nick Sautner, it’s, , , Brian Sobel, Sobel, Taika Waititi, Conan O'Brien, Conan O’Brien, David Tua, Ka, Te Rauparaha Organizations: CNN, national rugby team, Blacks, Getty, Eden, Haka Record’s, Therapy, Radio New Zealand, Guinness World Records, getty, Haka, New Zealanders, Health Authority Locations: Zealand, Haka, New Zealand, Auckland, Eden, AFP, Conan O’Brien , New Zealand
Learn moreThe Walking Dead: Daryl Dixon returns for a second season with The Book of Carol. We've put together everything you need to know about how to watch The Walking Dead: Daryl Dixon from anywhere, including a free streaming option. How to watch The Walking Dead: Daryl Dixon in the USThe Walking Dead: Daryl Dixon's second season, The Book of Carol, airs Sunday nights at 9 p.m. How to watch The Walking Dead: Daryl Dixon in AustraliaNew Book of Carol episodes of The Walking Dead: Daryl Dixon will be available to stream through Stan in Australia at the same that they air in the US. How to watch The Walking Dead: Daryl Dixon in New ZealandThe Walking Dead: Daryl Dixon is available to stream for free on TVNZ in New Zealand.
Persons: Daryl Dixon, Carol, We've, Norman Reedus, he's, Carol Peletier, Melissa McBride, Carol —, Daryl, we'll, Daryl Dixon's, Philo, Stan, we've, ExpressVPN Organizations: Business, AMC, Sling, TVNZ, US Locations: France, Australia, New Zealand, Stan
But to archaeologists, the Tollense Valley is considered Europe’s oldest battlefield. The biggest mysteries that researchers aim to uncover are why the battle occurred and who fought in it. A long time agoYears of excavations in the Tollense Valley have uncovered evidence that the site was the scene of Europe's oldest battlefield 3,250 years ago. S. SauerDozens of bronze and flint arrowheads recovered from the Tollense Valley are revealing details about the able-bodied warriors who fought in the Bronze Age battle. The research team analyzed and compared the arrowheads, some of which were still embedded in the remains of the fallen.
Persons: Sauer, Al Hadid, , Martijn Oei, carolinus, Grearson, Ashley Strickland, Katie Hunt Organizations: CNN —, United Arab Emirates, ., California Institute of Technology, Grearson Harvard, Stanford, CNN Space, Science Locations: Germany, Bavaria, Moravia, Dubai, United Arab, China —, Chile, Australia, New Zealand, Falkland, Antarctica
Japan Airlines is offering free domestic flights to tourists from the US and other select countries. Tourists must book round-trip international flights with Japan Airlines to qualify. Japan Airlines is offering free domestic flights to tourists from the US, Canada, Mexico, Thailand, Australia, and New Zealand, according to a recent announcement on its website. In order to claim the free tickets, passengers must book round-trip international flights with the same airline and the domestic flights must be booked in the same reservation as the international flights. A spokesperson for Japan Airlines told Business Insider that "no end date has been set" for the initiative.
Persons: , Grace Cheng, Cheng Organizations: Japan Airlines, Service, Business, Harper's Bazaar Locations: Japan, Tokyo, Canada, Mexico, Thailand, Australia, New Zealand, Vietnam, Philippines Indonesia, India, China, Taiwan, New York, Sapporo, Hokkaido, Harper's Bazaar Singapore, Kanazawa, Inland
I've flown across the world in both business class and economy cabins. In 2022, I was in business class with Air New Zealand. Last year, I flew in United's economy class. But after taking two long-haul flights — one in business class and the other in economy — I learned that amenities can make or break a trip. From receiving a complimentary toiletry bag on an Air New Zealand business-class flight to free earbuds on a United economy flight, take a look at all the differences in amenities.
Persons: I've, Organizations: Air New Zealand, Service, Air New Locations: Air New Zealand
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