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☆ Cruises tend to be cheaper than hotel vacations, and that's good news for these stocks
▼ + stars: | 2024-06-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

"Cruise demand is also tied to a broader consumer desire for accumulating experiences rather than objects," Farley wrote. "We can see that 2024 is not just benefiting from pent up demand, because that is completely new demand," Farley said. Melius Research is also bullish on the industry's future and believes cruise lines are set for continued margin expansion over the next several years. However, cruise pricing is holding up, analyst Jamie Rollo said in a note Friday. Earlier this month, the cruise operator lifted its full-year earnings forecast, citing strong demand and an improved outlook for the year.

Persons: Robin Farley, Farley, diems, Viking, Conor Cunningham, Morgan Stanley's, Jamie Rollo, Jason Liberty, Morgan Stanley, Rollo Organizations: UBS, Royal, Cruise, CNBC Locations: U.S, Royal Caribbean, Norwegian

☆ Alexander Zverev: Tennis star and former partner settle assault case
▼ + stars: | 2024-06-07 | by ( Nadine Schmidt | Sammy Mncwabe | ) edition.cnn.com time to read: +2 min

CNN —German tennis star Alexander Zverev and his former partner have agreed to settle his assault case, with no admission of guilt by Zverev, the Berlin Tiergarten District Court announced in a statement on Friday. Zverev was accused of “physically abusing and damaging the health of a woman during an argument in Berlin in May 2020,” according to a court statement from October 31, 2023. The alleged victim was said to have suffered shortness of breath and considerable pain, according to the court statement. “The defendant and the co-plaintiff had agreed to the proceedings being discontinued,” the court said in its statement Friday. Zverev is scheduled to play Norwegian Casper Ruud in the French Open semifinal on Friday with both players in search of a first grand slam title.

Persons: Alexander Zverev, Zverev, “, “ Alexander Zverev, Norwegian Casper Ruud Organizations: CNN, Berlin, of Locations: German, Berlin Tiergarten, Berlin, Norwegian

☆ United Airlines starts serving passengers personalized ads on seat-back screens
▼ + stars: | 2024-06-07 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Passengers on a Boeing 737 Max-8 plane during a United Airlines flight departing from Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Wednesday, March 13, 2024. Now playing on United Airlines ' seat-back screens: personalized ads. The carrier on Friday said it launched a media platform to serve travelers personalized advertisements on seat-back screens and in its app, among other platforms, as it seeks to leverage customer data. Customers can opt out of seeing targeted ads through a United web page, and United says advertisers can't access customers' personally identifiable information, the airline said. "There is the potential for 3.5 hours of attention per traveler, based on average flight time," United said.

Persons: Richard Nunn, United's Organizations: Boeing, Max, United Airlines, Newark Liberty International Airport, Kinective, Norwegian Cruise, Resorts, TelevisaUnivision, JPMorgan Chase, United, Delta Air Lines Locations: Newark , New Jersey, US, United

☆ Another European country is flying fighter jets off highways like NATO has been doing to protect its warplanes
▼ + stars: | 2024-06-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

It marked the first time since 1991 that the Swiss air force has operated from a highway. During the Cold War, aircraft in Europe trained to operate from non-traditional airstrips and improvised runways to reduce vulnerability. To reduce their vulnerability to long-range strikes, the air force is focusing on disaggregating and using improvised runways to conduct operations. The fighter aircraft were quickly refueled while their engines were running — a tactic known as hot-pit refueling — before they took off again. Not only for the Norwegian Air Force, but also for the Nordic countries, and for NATO," Chief of the Royal Norwegian Air Force Maj. Gen. Rolf Folland said in a press statement at the time.

Persons: —, Russia's, Rolf Folland, They've Organizations: Service, NATO, Business, Swiss, Swiss Army, Norwegian Air Force, Nordic, Royal Norwegian Air Force, Royal Auxiliary Air Force, Commando Locations: Ukraine, Swiss, Europe, Switzerland, Norway, Finnish, Finland, Michigan, Wyoming, Texas

☆ Novak Djokovic confirms surgery on knee injury, set to miss Wimbledon
▼ + stars: | 2024-06-06 | by ( James Hansen | ) www.nytimes.com time to read: +2 min

Follow live coverage of the 2024 French Open todayNovak Djokovic has had surgery on the meniscus tear that put him out of the French Open, all but ruling him out of Wimbledon, which begins on July 1. Djokovic played through his fourth-round match against Argentinian 23rd seed Francisco Cerundolo, but withdrew from his quarterfinal against Casper Ruud, the Norwegian seventh seed, the next day. He said: “In the past day, I had to make some tough decisions after sustaining a meniscus tear during my last match. Djokovic, a seven-time champion at Wimbledon, lost in the men’s singles final last year to Carlos Alcaraz. GO DEEPER French Open quarterfinal recap: Shocks for the top seeds and breaks of serve galore(Bertrand Guay /AFP via Getty Images)

Persons: Novak Djokovic, Djokovic, Francisco Cerundolo, Casper Ruud, Roland Garros, Roger Federer, —, ”, Carlos Alcaraz, Bertrand Guay Organizations: Argentinian, Roland, Athletic, The Athletic, Djokovic, Wimbledon, Olympic Games, Serbia, Getty Locations: Wimbledon, Norwegian, Paris, AFP

☆ Russia will increase the number of military instructors in Burkina Faso, foreign minister says
▼ + stars: | 2024-06-05 | by ( Anneclaire Stapleton | Sebastian Shukla | ) edition.cnn.com time to read: +2 min

CNN —Russia will increase the number of military instructors in Burkina Faso, Russian Foreign Minister Sergey Lavrov said on Wednesday during a trip to the West African nation. “Here, Russian instructors are working; their number will increase.”Russia furthermore intends to supply Burkina Faso with military products to strengthen the country’s defense capability, he said. Burkina Faso is currently under military rule after a junta staged a coup d’état in July 2022. Engulfed in violence, Burkina Faso has been named the world’s most neglected displacement crisis for the second year, by the NRC. Burkina Faso was the first country to do this quickly and effectively,” he said.

Persons: Sergey Lavrov, ” Lavrov, Lavrov, Ibrahim Traoré, Yevkurov, Traoré, Thomas Waldhauser, ” Organizations: CNN, Russian, Russian Federation, Russian Deputy Defense, Norwegian Refugee Council, NRC, US Africa Command, Africa Command Locations: Russia, Burkina Faso, West African, Russian, Ouagadougou, “, China, Africa, Ukraine, ”

☆ Novak Djokovic out of French Open with knee injury
▼ + stars: | 2024-06-04 | by ( Matthew Futterman | ) www.nytimes.com time to read: +4 min

World No 1 Novak Djokovic has withdrawn from the French Open with a knee injury sustained in his round of 16 win against Argentine 23rd seed Francisco Cerundolo. Although Djokovic was able to get through on painkillers and adrenaline, the extent of the problem is too great for him to continue. If Djokovic chooses to undergo surgery on the tear, he would likely miss not just Wimbledon, which begins on July 1, but also the Olympic Games and US Open later this summer. Djokovic said Monday night, after another of his miraculous comebacks, that he had been experiencing pain in his right knee for several weeks. As of Tuesday evening in Paris, there was no decision yet on whether Djokovic would undergo surgery to repair the meniscus.

Persons: Novak Djokovic, Francisco Cerundolo, Roland Garros, ”, Casper Ruud, Djokovic, Ruud, Alex de Minaur, Alexander Zverev, Matthew Futterman, hasn’t, He’s, He’d Organizations: Argentine, French Tennis Federation, Norwegian, Olympic Games, Athletic, Wimbledon Locations: Serbian, Paris

☆ Novak Djokovic withdraws from the French Open with a knee injury
▼ + stars: | 2024-06-04 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Novak Djokovic has withdrawn from the French Open due to a knee injury which had plagued his fourth-round victory against Francisco Cerúndolo on Monday. Defending champion Djokovic was aiming to win his 25th grand slam singles title at Roland Garros, but pain in his right knee flared up during a bruising, five-set contest against Cerúndolo. Antonio Borga/Eurasia Sport Images/Getty ImagesAfter dominating the first set, Djokovic tweaked his knee at the start of the second and took a medical timeout. It was only near the end of the fourth set when Djokovic was able to seemingly move without pain and raise his game. “I slipped way too many times,” Djokovic told reporters.

Persons: CNN — Novak Djokovic, Francisco Cerúndolo, Djokovic, Roland Garros, “, ” Djokovic, Instagram, Cerúndolo, Lorenzo Musetti, Antonio Borga, I’ve, That’s, Norwegian Casper Ruud, Italy’s, Bulgarian Grigor Dimitrov Organizations: CNN, Cerúndolo, “, ” CNN, French, Bulgarian Locations: Serbian, Eurasia, Paris, Norwegian

☆ Carnival is known for ultra-cheap cruises. I sailed on its new ship — and I'm not sure that's completely true.
▼ + stars: | 2024-06-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Carnival Cruise Line is well known for its relatively affordable fares. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf you aren't careful, your Carnival cruise could quickly become as expensive as an Oceania one. Peruse any of the "US' most budget-friendly cruise lines" lists, and you're sure to find Carnival somewhere near the top. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Royal, Business Locations: Oceania, Miami, Royal Caribbean

☆ These stocks are the most hated on the Street, but their fundamentals are improving
▼ + stars: | 2024-05-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Some stocks on Wall Street are absolutely hated by analysts and investors, but their fundamentals are improving, leaving a potential buying opportunity for contrarian investors, according to UBS. Most analysts currently covering the stock have assigned it a hold rating, with predicted upside of about 16% to consensus price targets. "The iconic automaker continues to enjoy strong profits from its core markets and a policy driven investment cycle in the U.S," the analyst wrote. Most analysts have assigned Airbnb stock a hold rating. The analyst consensus has shares at a hold rating, with predictions suggesting the stock could rise an average of 26% from its Thursday close.

Persons: Jonathan Golub, Bernstein, Daniel Roeska's, Wedbush, Scott Devitt, Ben Chaiken, Jan, Chaiken, Clorox, Estee Lauder, — CNBC's Michael Bloom Organizations: UBS, Stocks, Wall, Ford Motor, Ford, Cruise, Mizuho, Pfizer, Gartner, Northern Trust

☆ The Kremlin is accused of waging a 'shadow war' against the West with incidents of Russian sabotage on the rise
▼ + stars: | 2024-05-31 | by ( Daniel Kochis | ) www.businessinsider.com time to read: +7 min

If true, the loss of a Polish shopping center by means of Russian arson would be shocking on its own. As NATO advances toward the July summit, it's become clear that more comprehensive discussions on addressing the Russian sabotage campaign must take place. Some of the earliest identified acts of Russian sabotage occurred in 2014 at ammunition depots in the Czech Republic killing two and causing $42.5 million in damage. Bulgaria has played a crucial role in supplying ammunition and shells to Ukrainian forces, especially in the early stages of the war. Matthias Merz/picture alliance via Getty ImagesWeapons and training facilities aiding Ukrainian forces are frequent targets.

Persons: —, Donald Tusk, MAXIM SHEMETOV, Kaja Kallas, it's, Hannah Beier, Ozempic, Abrams, Matthias Merz, Russia, John MacDougall, Daniel Kochis Organizations: Service, Business, Reuters Estonia's, West, NATO, Scranton Army, BAE Systems, Denmark's Novo Nordisk, BAE, US Army, Getty Images, Energy, NATO Pipeline System, Deutsche Bahn, Investigators, DB, Getty, Kremlin, Ukraine, Center, Hudson Institute, United Locations: Polish, Poland, Wroclaw, Lithuania, Russia, Moscow, Russian, Estonia, Czech Republic, Vrbětice, Bulgaria, Scranton, Pennsylvania, United Kingdom, Ukrainian, Ukraine, Norwegian, Baltic, Bellheim, Germany, Czech, Europe, Berlin, France, Washington, Eurasia, United States, NATO

☆ Kode Bergen’s ‘Indigenous Histories,’ illustrates an anthology of neglected stories
▼ + stars: | 2024-05-30 | by ( Christian House | ) edition.cnn.com time to read: +7 min

These are just some of the highlights of “Indigenous Histories,” an absorbing new show recently opened at Norway’s Kode Bergen Art Museum. Andreas Harvik/National Museum/Courtesy Kode Bergen Art Museum“Indigenous Histories” corresponds with fresh thinking about what is and what isn’t fine art. This piece "Oaivemozit/ Galskap/ Madness," from 2013 is part of the Sámi Dáiddamagasiidna (Sámi Art Collection). Sámi Art Collection/Courtesy Kode Bergen Art MuseumAlong with the vibrant color and cultural dynamism, there is righteous anger and political outrage on view, as artists grapple with the legacy of colonial oppression. Sámi Art Collection/Courtesy Kode Bergen Art MuseumThe climate emergency has changed orthodox opinions about Indigenous communities, says Katya García-Antón, who curated the Venice exhibition and is now director of the Nordnorsk Kunstmuseum in Tromsø.

Persons: Brazil’s, ”, Petter Snare, John Savio, Andreas Harvik, Duhigó, MASP, Katarina Spik Skum, “, Philippa Moxon, she’d, Mick Namarari Tjapaltjarri, Máret Ánne Sara, Tate, Anders Sunna, Katya García, Marét Anné Sara, Antón, Djan Organizations: CNN, Bergen Art Museum, National, Bergen Art, Venice Biennale, Nordic, Norwegian, of Locations: Bergen, South America, North America, Oceania, Nordic, Brazil, Peru, Mexico, Canada, Australia, New Zealand, —, Kode, Lapland, Zealand, Brazilian, Sápmi, Northern Territory, Norway, Venice, Swedish, Nordnorsk, Tromsø, Oslo, of Australia, Canberra

☆ Why the Swedish and Finnish Air Forces are a powerful add to NATO
▼ + stars: | 2024-05-30 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Finland's F/A-18 Hornets — which used to be the US Navy's standard fighter — are already compatible with NATO air forces. This puts several squadrons of stealth fighters on Russia's northern border, with the potential to penetrate and suppress Russian air defenses, and hit vital targets. "Both Finland's and Sweden's proximity allows NATO air forces to stage closer to the Baltics. Similarly, Sweden's Gotland island — located almost midway in the Baltic, about 60 miles from the Swedish mainland and 80 miles from the Baltic States — provides NATO with an advanced outpost. Their air forces are vital for this Nordic push, and will become very useful to further deter and defend the increasingly contested arctic space with Russia."

Persons: Paul Cormarie, John Hoehn, Sweden's JAS, Finland's, Ian Valley, Hoehn, Cormarie, Michael Peck Organizations: Service, NATO, RAND, Corp, Modern, Institute, Business, Nordic, Gripen, UK's Royal Air Force, Finnish Air Force, US Army, —, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Finland, Sweden, West, Russia, Finnish, Swedish, France, Germany, Warsaw, Poland, Europe, Rovaniemi, US Army Sweden, Baltic States, Baltic, Norway, Norwegian, North, Estonia, Latvia, Lithuania, Gotland, —, Pacific, United States, Taiwan, China, Forbes

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, First Solar, Netflix, Disney, Cava, Dell, Snowflake & more
▼ + stars: | 2024-05-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Wednesday: Bernstein reiterates Nvidia as outperform Bernstein said it's sticking with its outperform rating on the stock. " Argus upgrades Berkshire Hathaway to buy from hold Argus said it's getting bullish on shares of Warren Buffett's multinational conglomerate. UBS reiterates First Solar as buy UBS raised its price target on First Solar to $350 per share from $270. Bank of America reiterates Apple as buy Bank of America said it's bullish on top pick Apple and its entry into iPhones with AI. Bank of America reiterates Dell as buy Bank of America raised its price target on Dell to $180 per share from $130.

Persons: Bernstein, Berkshire Hathaway, Argus, it's, Fluence, LBRT, Jefferies, TD Cowen, Medpace, Cowen, Morgan Stanley, JPMorgan, Wells, Baird, MM120, Truist, Dell, Jack Hartung, Cindy Olsen Organizations: Nvidia, Argus, Warren, UBS, Citi, Liberty Energy, United Airlines, Airlines, American Airlines, " Bank of America, Apple, Bank of America, Netflix, Disney, RBC, Eldorado, Eldorado Gold, BTC, Citi downgrades Bank, JPMorgan, Mind, of America, Norwegian Cruise Line Holdings, Dell, Field Locations: Berkshire, U.S, OFS, United, El Paso, Parks, F4Q, CAVA, Chicago

☆ Stocks making the biggest moves midday: GameStop, U.S. Cellular, Nvidia, Norwegian Cruise Line and more
▼ + stars: | 2024-05-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday: GameStop — Shares jumped nearly 23% following the video game retailer's announcement on Friday that it made about $933 million from a stock sale. U.S. Cellular — Shares added 7% after the telecom company announced T-Mobile will acquire its wireless operations and 30% of spectrum assets for $4.4 billion. T-Mobile was up less than 1%, while Telephone and Data Systems , which owns 84% of U.S. Cellular, slipped 2%. Norwegian Cruise Line — The cruise stock rose 3% after an upgrade to buy from neutral at Mizuho. Zscaler — The cybersecurity company shed nearly 4% following a downgrade at Wells Fargo to equal weight from overweight.

Persons: Agios, vorasidenib, —, Duolingo Max, Semler, Elon, Zscaler, Airbnb, Eli Lilly, Macheel, Pia Singh, Hakyung Kim, Jesse Pound Organizations: GameStop, . Illinois, U.S, Cellular, Mobile, Telephone, Data Systems, U.S . Cellular, . Food, Drug, Pharmaceuticals, Royalty Pharma, Nvidia, Cruise, Mizuho, Sarepta Therapeutics, RBC Capital Markets, RBC, Sea, Reuters, —, Energy Capital Partners, Wedbush, FDA Locations: U.S, Norwegian, Wells

☆ Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more
▼ + stars: | 2024-05-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

GameStop — Shares surged nearly 27% following the company's announcement Friday that it had made around $933.4 million from a stock sale. Norwegian Cruise Line Holding — The cruise stock rose 3% following an upgrade to buy from neutral at Mizuho. Bank of America initiated coverage of Viking with a buy rating, citing its "singular brand and clear niche." UBS also gave it a buy rating, saying it's a "pure play in luxury travel." Airbnb — Shares of the short-term rental company added 1.5% following an upgrade by Wedbush to outperform.

Persons: DuPont's, Andrew Boone, Duolingo Max, Boone, Huntington Bancshares, Jesse Pound, Sarah Min, Michelle Fox Organizations: GameStop, Nvidia, Cruise, Mizuho, Street, New York Stock Exchange, Bank of America, UBS, JPMorgan, DuPont —, Citi, U.S, Cellular, Mobile

☆ Safaris aren't the only tourist attraction in Africa. From cruises to wine tasting, here's what else you can do
▼ + stars: | 2024-05-28 | by ( Harriet Akinyi | Penny Sadler | ) www.cnbc.com time to read: +6 min

Bungy jumping at Soweto Towers, a decommissioned power station in Johannesburg, South Africa. Explore the beachAfrican beach towns combine beauty and culture, in places like Seychelles, Kenya, Tanzania, South Africa, Mozambique, Mauritius, Zanzibar, Ghana, Namibia and Egypt. In addition to being a popular stop for world cruises, East and South Africa have their own ocean cruise routes which follow the coastlines and visit offshore islands. But South Africa is the continent's crown jewel. The wine country of Franschhoek, outside of Cape Town, South Africa.

Persons: Toubkal, there's, Thomas Janisch, Zina Bencheikh, Madagascar's Tsingy, Carlo Morucchio, Kenya's Masai Mara, King Charles III, Queen Camilla, Mombasa's, Samir Hussein, Luciemarie Swanepoel, Jeremy Villasis, Peter Unger, Kate Powell, Intrepid's Bencheikh, Kevin Bubolz, Wrenelle Stander, Michele Westmorland Organizations: bungie, Getty, Intrepid Travel, UNESCO, Heritage, Wireimage, Diamonds, Sainte, Cruises, Stone, Queen, Cruise Line, MSC, Continental, Penguin Locations: Africa, Morocco's, Kilimanjaro, Tanzania, Nyangani, Zimbabwe, Soweto, Johannesburg, South Africa, Europe, East, Namibia, Victoria Falls, Zambia, Jinja, Uganda, Morocco, Seychelles, Kenya, Mozambique, Mauritius, Zanzibar, Ghana, Egypt, Mombasa, Mombasa's Fort Jesus, Fort Jesus, Kaya, Zanzibar's Stone, Madagascar, Swanepoel, Durban, Cape, Kivu, Silversea, Continental Europe, Middle East, Port, Ethiopia, Wesgro, Stellenbosch, Franschhoek, Cape Town , South Africa

Meanwhile, JPMorgan upgraded Huntington Bancshares to overweight from neutral, with a price target that implies upside of 31%. Analyst Scott Hanold's $90 price target implies that shares of Civitas could rise 25% from here. These two headwinds combined together could create near-term pressures for the stock by limiting Zscaler's billings growth, the analyst wrote. Nowinski's price target of $182, down from $275, implies the stock could rise 6% from here. The bank upgraded shares of the cruise operator to buy from neutral and lifted its price target to $24 from $21.

Persons: Mizuho, Scott Hanold's, Hanold, — Lisa Kailai Han, Wells, Andrew Nowinski, F4Q24, Nowinski, Patrick Cunningham, Cunningham, Lisa Kailai Han, Andrew Boone, Boone, Max, Duolingo, Ben Chaiken, Jan, Chaiken, Steven Alexopoulos, Alexopoulos, Huntington, Fred Imbert Organizations: CNBC, Cruise Line, JPMorgan, Huntington, RBC, Civitas Resources, RBC Capital Markets, Citi, DuPont DuPont, DuPont, Max, Mizuho, Cruise Locations: DAU, Mizuho, Norwegian, Huntington Bancshares, Columbus , Ohio, Friday's

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more
▼ + stars: | 2024-05-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "

Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China

☆ Spain, Ireland and Norway have recognized Palestinian statehood. Where does Europe stand on the issue?
▼ + stars: | 2024-05-28 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

CNN —Spain, Ireland and Norway formally recognized Palestinian statehood on Tuesday, cementing a joint move that further isolates Israel over its war against Hamas in Gaza. The move also highlights just how split Europe is on whether to recognize Palestinian statehood. Spain, Ireland and NorwayThe move by these three countries to recognize Palestinian statehood in tandem sent an impactful message to Israel, and other Western states. Western EuropeIn 2014, Sweden became the first major Western European nation to recognize Palestinian statehood. “The path of symbolic recognition of statehood is not the way forward.”Eastern EuropeOfficially, a number of countries that previously fell under the Soviet sphere of influence in eastern Europe recognize Palestinian statehood.

Persons: Simon Harris, “, Harris, Ireland “, ”, Netanyahu, Israel, ” Harris, Espen Barth Eide, Pedro Sánchez, Israel Katz, ” “, ” Katz, Margot Wallstrom, Olaf Scholz, ” Scholz, Robert Golob, Golob, Palestine ” Organizations: CNN —, Palestinian, Gaza . Irish, United, Ireland, CNN, Palestine, Swedish, UN, Assembly, Reuters, Europe Officially, Soviet Locations: CNN — Spain, Ireland, Norway, Israel, Gaza ., Europe, United Nations, Eastern, Spain, Palestine, Gaza, Norwegian, Madrid, Palestinian, Iran, Sweden, France, Belgium, Poland, Greece, Denmark, United Kingdom, Germany, Italy, Netherlands, States, Hungary, Czech Republic, Slovakia, Romania, Bulgaria, Ramallah, Argentina, Micronesia, Nauru, Palau, Papua New Guinea, United States

☆ The high-end consumer is embracing travel this summer. These stocks will benefit, says Morgan Stanley
▼ + stars: | 2024-05-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Therefore, companies with exposure to the wealthier consumer should benefit, said a team of Morgan Stanley analysts led by Michelle Weaver. "This has changed post-Covid and we believe travel names exposed to high end consumers will continue to outperform those exposed to low end consumers." "We see a record spring and summer travel season with our 11 highest sales days in our history all occurring this calendar year," he said. Morgan Stanley continues to prefer the premium airlines. Its management has also noted its premium revenue is nearly 20% from last year and currently makes up 61% of revenue, he said.

Persons: Morgan Stanley, AlphaWise, Michelle Weaver, Ed Bastian, Ravi Shanker, Morgan, Shanker, Stephen Grambling, Hilton, Grambling, Wyndham, Jamie Rollo, Rollo, — CNBC's Leslie Josephs Organizations: Delta Air, Alaska Air, Alaska Airlines, American Airlines, Marriott, CCL, Royal, Norwegian Cruise Locations: Grambling, Royal Caribbean, Norwegian

☆ Stocks making the biggest moves midday: Hims & Hers Health, Norwegian Cruise Line, Target and more
▼ + stars: | 2024-05-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.

Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio

☆ Monday’s rapid fire: Johnson Controls, Micron, Nucor, JPMorgan Chase and Norwegian Cruise Line
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday’s rapid fire: Johnson Controls, Micron, Nucor, JPMorgan Chase and Norwegian Cruise LineCNBC’s Jim Cramer on Monday offered his take on the latest Wall Street headlines, including Elliott’s take in Johnson Controls and research on steel stocks.

Persons: Johnson, Jim Cramer Organizations: Micron, Nucor, JPMorgan Chase, Cruise, Monday, Johnson Controls

☆ Norwegian Cruise Line CEO says millennials and Gen Z are the 'fastest growing' segment
▼ + stars: | 2024-05-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Norwegian Cruise Line CEO Harry Sommer told CNBC's Jim Cramer on Monday that younger generations are becoming more interested in the company's offerings. "We appeal obviously to older customers, but millennial and Gen Z is the fastest-growing segment of our cruising right now," he said. "They're coming, they're enjoying it, they see the value for the money, but they also appreciate the guest experience." Shares jumped on Monday, closing up 7.56%, after Norwegian raised its full year-guidance. According to Sommer, Norwegian continues to see demand among its target customer base, "middle and upper tier income consumers."

Persons: Harry Sommer, CNBC's Jim Cramer, Sommer Organizations: Cruise Locations: Sommer , Norwegian

☆ Cramer says activist interest in Johnson Controls is 'a gimme,' but worries about a steel stock
▼ + stars: | 2024-05-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.

Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland

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