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Carlos Sainz of Ferrari during second practice ahead of the Formula 1 Las Vegas Grand Prix at Las Vegas Strip Circuit in Las Vegas, United States on November 17, 2023. Proponents of the "Netflix effect" often point to a poll taken in 2022 which found 28% of American adults considered themselves to be F1 fans, with more than half crediting "Drive to Survive." If this were true it would mean there were an incredible 72 million F1 fans in the U.S. alone. This argument runs out of road slightly however, when you consider that only 2 million Americans tuned in to watch the 2023 Miami Grand Prix. Today, F1 fans are estimated to be around 40% female, up from just 8% in 2017, as well as significantly more culturally diverse.
Persons: Carlos Sainz, Ferrari, Jakub Porzycki, Nielsen, it's, Toni Cowan, Brown, Cowan, Zak Brown, McLaren, It's, Buzz Radar, TJ Adeshola, Aston Martin, McLaren Unboxed, Lando Norris, Oscar Piastri, Thaier Organizations: Las Vegas, Nurphoto, Netflix, ESPN, IndyCar, NASCAR, Prix, Miami Grand Prix, CNBC, North, Anp, Getty, YouTube, Liberty Media, Aston, Aston Martin Racing, Buzz, Formula, sudani Locations: Las Vegas, United States, U.S, North America, North American, Nevada, Aston Martin, Australia, Bahrain
"The Bodyguard: Original Soundtrack Album" by Whitney Houston and various artists"The Bodyguard" soundtrack was released on November 17, 1992. Arista Records"The Bodyguard" soundtrack — co-executive produced by Clive Davis and Whitney Houston, who starred in the film — became the first album verified by Nielsen to move more than 1 million units in the US in a single week. According to Billboard, the album sold 1,061,000 copies in the week ending January 3, 1993, six weeks after its release. It has since sold more than 12 million copies in the US and remains the best-selling soundtrack of all time.
Persons: Whitney Houston, Clive Davis, , Nielsen Organizations: Arista Records, Billboard
New York CNN —In the early stages of life, a key metric is growth. Netflix is trying to persuade Wall Street that it is now all grown up. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers.
Persons: Wall, It’s, “ We’re, Nielsen, won’t Organizations: New York CNN, Netflix Locations: New York
Viewership for the women's NCAA basketball championship surpassed the men's final for the first time. Over the next three years, the TV audience for the women's final grew by 23% to an average of 3.7 million. Women's basketball popularity goes beyond championship game ratingsWe have seen other evidence of women's college basketball's emerging dominance in the sports landscape. Meanwhile, merchandise sales related to women's college basketball are also soaring. JuJu Watkins celebrates with USC fans following a win during the 2024 NCAA Women's Basketball Tournament.
Persons: , Nielsen, Caitlin Clark —, Angel Reese, Dawn Staley, Clark, University of Connecticut's Paige Bueckers, Juju Watkins, James, LeBron James, JuJu Watkins, Wally Skalij, Darren Rovell, Bruce B, Greenspoon Marder, you've, Siegal Organizations: NCAA, WNBA, Service, University of Iowa, University of South Carolina, Purdue University, University of Connecticut, Nielsen, Sports Media Watch, Louisiana State, University of South, Business, Nike, University of, University of Southern, USC, Indiana Fever, Impact, Vanderbilt University Locations: Louisiana, University of South Carolina, University of Southern California
CNN —With 100 days to go until the start of the Paris Olympics, Team USA is expected to top the medal table once again at this year’s Summer Games. According to a virtual Paris Olympics medal table released by Nielsen’s Gracenote, the US is forecast to win 123 medals in Paris – 39 gold, 37 silver and 47 bronze. “The United States team has medals projected in 27 different sports in the Virtual Medal Table, two sports fewer than the country’s own Olympic record of 29 which was set in Tokyo. Australia, Japan, Italy, Netherlands, Germany and South Korea make up the rest of the top 10 in the virtual medal table. The table is a statistical model based on individual and team results in past events, including Olympics, world championships and World Cups.
Persons: Nielsen’s Gracenote, ” Gracenote, Katie Ledecky, Alex Slitz, Gracenote, Christian Coleman, Noah Lyles, Simone Biles Organizations: CNN, Paris Olympics, USA, Angeles, United States, , France Locations: Paris, Tokyo, China, Great Britain, Australia, Japan, Italy, Netherlands, Germany, South Korea
Amazon is still spending big and hiring as it seeks its place in the streaming wars. Most of the hires are in product and tech as it tries to grow viewership and advertising. It's paying base salaries that can go as high as $350,000. Amazon's Prime Video is a frontrunner in the streaming wars, where only a few players will likely survive. Prime Video has consistently ranked high in terms of monthly view time, a crucial metric for advertisers, after YouTube and Netflix and neck and neck with Disney's Hulu, according to Nielsen.
Persons: Disney's Organizations: Amazon's, YouTube, Netflix, Disney's Hulu, Nielsen, Amazon, Business
Dawn Staley just finished leading South Carolina's undefeated season and witnessing the end of Caitlin Clark's record-breaking college career — and she thinks women's basketball is only getting started. The matchup, broadcast on ESPN , was the most-watched basketball game at any level since 2019, according to Nielsen. "I hope every school or university treats women's sports like South Carolina," she said. Staley, who is the second-highest-paid coach in women's college basketball, has a salary of $3.1 million per season, and earned a reported $680,000 more in bonuses following South Carolina's championship. Staley also reflected on Clark's effect on women's basketball, not only through drawing new audiences to the sport, but also by appearing on platforms such as "Saturday Night Live."
Persons: Dawn Staley, Caitlin Clark's, , Clark, Nielsen, Staley, , Caitlin Clark Organizations: South, CNBC, of Fame, Gamecocks, ESPN, New York Stock Exchange, National Basketball, Indiana Fever Locations: Iowa, South Carolina
"Bluey" fans are worried the series could end with its third-season finale on Sunday. The kids TV show ranked among the most-watched streaming series in America last year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFans of the children's TV sensation "Bluey" fear their favorite show will end with the third season's finale this Sunday. There's a lot of money at stake and if the series does continue, it faces challenges down the line.
Persons: , Bingo, Joe Brumm, It's, Ludo Studio, There's, Elsa, Olaf, Uhls Organizations: Service, Nielsen, Center, Scholars, UCLA, Disney, Bloomberg Locations: America, Australian
If that trajectory continues, NFL games on Christmas could be an annual tradition moving forward, and the move could have a huge impact on how millions of Americans spend the holiday. Previously, the NFL only played on Christmas when it fell on one of the traditional days for NFL games — Sunday, Monday, Thursday, and Saturday. The 2023 Christmas games were three of the 19 most-watched programs on TV last year, according to Nielsen. In March 2023, NFL Commissioner Roger Goodell told the media that short-week games do not lead to more injuries. On the other hand, CBS aired 107 games in 2023, but only six were national TV games.
Persons: , Taylor Swift, Jon Lewis, Lewis, Aaron Ontiveroz, Roger Goodell, Mike Florio, NBC's, Ethan Miller Organizations: Service, NFL, Business, CBS, San Francisco 49ers, New York Giants, Philadelphia Eagles, Las Vegas Raiders, eventual Super Bowl, Kansas City Chiefs, Nielsen, Turkey, Sports Media, NBA, Hollywood, NBC's NFL, ESPN, TV, NBC, Fox Locations: Denver
Walter Iooss Jr./Sports Illustrated via Getty Images Simpson competes during a track event at the University of Southern California in 1967. Focus On Sport via Getty Images Simpson gets ice applied to his bandaged right foot from his wife Marguerite in 1967. Bettmann Archive/Getty Images Simpson poses with the Heisman Memorial Trophy after receiving the award in 1968. Bettmann Archive/Getty Images Simpson is brought down by another football player during the Hula Bowl in 1969. ABC Photo Archives/Disney General Entertainment Content via Getty Images Simpson acts in a scene from the 1978 film "Capricorn One."
Persons: Gene Seymour, Orenthal James Simpson, Gene Seymour Jeremy Freeman, we’ve, We’ll, Simpson, Jim Brown, Muhammad Ali, Bill Russell, “ I’m, acclimate, Simpson’s, Nicole Brown Simpson, Ronald Goldman, O.J, Bundy, Vince Bucci, Malcolm W, Emmons, Walter Iooss Jr, Marguerite, Arnelle, Tony Tomsic, Jason, Michael Ochs, Lola Falana, Richard Burton, Everett, George Gojkovich, Bruce Bennett, Jim Ringo, LeVar Burton, Gilda Radner, Jane Curtin, Joe Namath, Frank Gifford, Mickey Pfleger, Nicole, Adam, PhotoQuest, Vinnie Zuffante, Leslie Nielsen, George Kennedy, Al Cowlings, Ford Bronco, Simpson's, Ronald Lyle Goldman, Allen J, Simpon, Cowling, Ron Galella, Chris O'Meara, Robert Kardashian, Alvin Michelson, Kardashian, Barbara Alper, Johnnie Cochran , Jr, Myung J, Chun, Reuters Simpson, Wilfredo Lee, Colin Braley, Christy Prody, Frazer Harrison, Jason Bean, Brooke Keast, AP Simpson, Jeffrey T, Barnes, Brown, O.J . Simpson, Mark Fuhrman Organizations: The New York Times, Newsday, Entertainment, The Washington, CNN, University of Southern, LA Coliseum, Fame, Getty, Sporting, USC, Bettmann, UCLA, Buffalo Bills, USA, Michael Ochs Archives, New York Jets, NFL, ABC, Disney, Warner Bros, San Francisco 49ers, AP, United, Paramount, Everett, Ford, Los Angeles Times, Los Angeles Police, New York Daily News, Los Angeles Daily, AP Simpson, Reuters, Lovelock Correctional, Nevada Department of Corrections, Goldman, Los Angeles Police Department Locations: University of Southern California, San Francisco, O.J, Los Angeles, Simpson, AFP, Hollywood, California, Cowlings, Simpson's Brentwood , California, Tampa , Florida, Los, Surrey, England, Miami, Dade County, Lovelock , Nevada, Las Vegas, Lovelock, Nevada
5 desserts for celebrating Eid al-Fitr
  + stars: | 2024-04-09 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com   time to read: +4 min
Ramadan is coming to an end, which means it’s time to plan to celebrate Eid al-Fitr. A number of desserts make up the table during Eid al-Fitr. Arindam Dey/AFP/Getty ImagesA classic Eid al-Fitr dish is sheer khurma. Helou said these desserts are eaten all year round, but they are ever more present during Ramadan and Eid. iStockphoto/Getty ImagesA popular Eid al-Fitr dish is a sweet milk-based dumpling called rasmalai.
Persons: Ramadan, Eid, Sweets, Anissa Helou, Ma’amoul, ” Helou, Arindam Dey, Helou, Mehmet Akif Parlak, , , it’s, Karolia, James Nielsen, Jocelyn Solis, Moreira Organizations: CNN, Getty, Anadolu Agency, Houston Chronicle Locations: Syria, Jordan, Lebanon, Palestinian, Agartala, India, AFP, Gaziantep, New York
Denver Beer Co. Courtesy: Denver Beer Co. Alcohol-free beverage options have skyrocketed over the past few years, and that trend has especially picked up in the form of nonalcoholic beer in Denver, an epicenter for craft breweries. Courtesy: Ceria Brewing CompanyDenver's beer sceneFood trend expert Kara Nielsen said that because Denver is such a beer-centric city, the rise of nonalcoholic beer and spirits fits with the city's narrative. But then, he said, nonalcoholic and alcohol-free beer became trendy, attracting more mainstream customers.
Persons: Technomic, Keith Villa, Villa, Jodi, Keith, Jodi Villa, Kara Nielsen, Nielsen, It's, Niki Sawni, Sawni, he's, hasn't, Niki, Anika Sawni Organizations: Denver Beer, Denver Beer Co, Anheuser, Busch, Ceria Brewing Company, CNBC, Ceria Brewing, Grüvi Locations: Denver, Rocky, Technomic, NielsenIQ, Colorado
New York CNN —For the first time in its 42-year history, the women’s NCAA basketball final outrated the men’s. On Monday, the University of Connecticut’s victory over Purdue in the men’s final drew 14.8 million viewers, Nielsen said. That was up a smidge from the 14.7 million who watched last year’s men’s championship game, but fell 4 million viewers short of the women’s final. To put the women’s championship game viewership in perspective, it outrated every 2023 World Series game and every NBA finals game from last year, according to Nielsen. Oh, yeah, and in the men’s college basketball final Monday, UConn won its second-straight championship, beating the Boilermakers, who were in their first final since 1969.
Persons: Nielsen, Caitlin Clark, Clark, Hall, Pete Maravich Organizations: New, New York CNN, NCAA, Sunday’s women’s, Nielsen, University of Connecticut’s, Purdue, Hawkeyes, Gamecocks, NBA, Hall of Famer, LSU —, Iowa, WNBA, Indiana, UConn, Boilermakers Locations: New York, South Carolina, Iowa, Louisiana
Constellation Brands stock is looking like it could be ready to break out, with its strong beer business well-positioned for market share gains in the upcoming fiscal year. Morgan Stanley anticipates Constellation to continue gaining market share at the expense of Bud Light during this period. Since Constellation tends to boast industry-leading results in its beer business, we're confident it will deliver strong numbers again next week. Over the past few years, Constellation has been trying to boost sales in its wine and spirits business — shifting from lower-priced brands to more premium names. While wine and spirits make up a small part of Constellation's overall business, Jim has said it must go.
Persons: It's, Jim Cramer, Morgan Stanley, Jeff Marks, Jim, Bud Light, Marks, Piper Sandler, Newlands, Kim Crawford, Eli Lilly, Elliott, Jim Cramer's, Justin Sullivan Organizations: Constellation Brands, Anheuser, Busch Inbev, Modelo, Nielsen, Cinco de Mayo, Bud Light, Constellation, Piper, Elliott Investment Management, CNBC Locations: Corona, Pacifico, U.S, GLP, Modelo, San Rafael , California
Women's college basketball popularity is up, but their revenue still lags behind the men's teams. AdvertisementMany women's college basketball teams are setting records for attendance and could see a subsequent revenue boost from ticket, merchandise, and concession sales. Meanwhile, the NCAA sold the television rights to the men's basketball championship separately from the other sports. The deal for men's college basketball is worth more than $1.1 billion annually and also goes through 2032. AdvertisementThose watching for the disparity in revenue between the women's and men's college basketball teams to narrow may have to be patient.
Persons: , University of Iowa's Caitlin Clark, Angel Reese, JuJu Watkins, University of Connecticut's Paige Bueckers, Nielsen, What's, Darron Cummings, Bruce B, Siegel, Greenspoon Marder, Caitlin Clarks, Reeses, Paige Bueckers, Steph Chambers Organizations: Service, NCAA Division, US Department of Education, NCAA, University of Connecticut, North, North Carolina State, South Carolina State University, North Carolina State University, University of Alabama, Purdue University —, Carolina State University —, University of South, University of South Carolina —, of Connecticut, Iowa State, University of Iowa's, University of Southern, University of, LSU, ESPN, North Carolina State's, Duke, Elite, LSU's, Iowa Hawkeyes, AP, Impact, Vanderbilt University, Hawkeyes, Associated Press Locations: North Carolina, South, University of South Carolina, Louisiana, North
The WNBA, still emerging entering its 28th season, hopes Caitlin Clark can achieve what those athletes did and turn the league into a cultural phenomenon. WNBA players’ salaries also lag behind. Turning Clark fans into WNBA fansClark is already having an impact on the WNBA. “The need by WNBA teams to invest in fan acquisition and fan engagement is really critical to maximize this moment,” she said. Bebeto Matthews/APThe league was financially connected to the NBA, and each of the first eight WNBA teams was linked to an NBA franchise.
Persons: Woods, Venus Williams, Michael Jordan, Caitlin Clark, , Boris Lelchitski, Candace Parker, Jonquel Jones, ” Clark, Angel Reese, Clark, Reese, , Phil Cook, Gregory Fisher, Nielsen, “ Caitlin Clark, Noah Henderson, Cathy Engelbert, “ We’ve, Erica Denhoff, Jessica Gelman, Gelman, David Stern, Lisa Leslie, Sheryl Swoopes, Rebecca Lobo, Bebeto Matthews, Terri Jackson, ” Donna Orender, Orender, ” Engelbert, Cameron Brink, , “ Clark, Donna Orender Organizations: New, New York CNN, NBA, WNBA, Indiana Fever, NCAA, University of Iowa, Louisiana State University, Tiger, USA, Sports, Reuters, Loyola University, CNN, LSU, WNBA's Indiana, Kraft Analytics Group, MIT Sloan Sports Analytics, Nielsen, Brands, Gatorade, State, longtime, Olympics, Basketball Players Association, Deloitte, Kraft Analytics Locations: New York, Chicago, Iowa, USA, Atlanta, San Francisco
However, WBD's upcoming reboot of the DC universe may help move the needle for Max, according to Bank of America lead media analyst Jessica Reif Ehrlich. AdvertisementWBD is now rebooting its superhero franchise with the DC Universe, or DCU for short, which will have films with interconnected storylines like Marvel has. Reif Ehrlich said new DC films and series could be cross-sold across Max, cable, and free, ad-supported streaming TV channels. AdvertisementAlthough WBD's cable channels are suffering as millions of US households cut the cord, Reif Ehrlich said this dual-distribution method is an effective marketing mechanism. "WBD can employ this same playbook to promote the launch of the new DC universe and other high-value content," Reif Ehrlich wrote.
Persons: , WBD's, HBO Max, Max, Jessica Reif Ehrlich, WBD, Marvel, James Gunn —, Reif Ehrlich, Kate Taylor, David Zaslav Organizations: Service, Warner Bros, Netflix, HBO, Warners, Nielsen, Business, Bank of America, Disney, Marvel, DC, DCU, Max, Hollywood, HGTV, Food Network
A company poached Amanda Nielsen from her job, then let her go 60 days later. A manager from another company in the same industry reached out and made me a job offer I could not refuse. One thing that had changed since my last job search four years earlier was the pandemic and the rise of remote work. I joked that my calendar was just as full during my job search as when I was working full-time. I also continued to post content about my job search journey, which can feel embarrassing and uncomfortable, but it helped people learn that I was still on the market.
Persons: Amanda Nielsen, Nielsen, Organizations: LinkedIn, Service Locations: Denver
A company poached Amanda Nielsen from her job and then let her go 60 days later. I survived the cut, but a lot of my team was let go, and the job didn't feel the same. A manager from another company in the same industry reached out and made me a job offer I could not refuse. Even though I was open-minded about roles and had a solid résumé and network, I struggled with my job hunt. I joked that my calendar was just as full during my job search as when I was working full time.
Persons: Amanda Nielsen, Nielsen, Organizations: LinkedIn, Service Locations: Denver
Why NBC could be a perfect fit for the NBABarring a major upset, ESPN and WBD will continue to broadcast NBA games. The network used to broadcast NBA games nationally starting in 1954, and Comcast still shows games on its regional-sports networks in five markets. Comcast-subsidiary Sky Sports also aired NBA games in the United Kingdom for four years starting in 2019. Moffett, the media analyst and MoffettNathanson cofounder, told BI he sees NBC entering the bidding war for NBA media rights if only to assist its streamer. Unlike ESPN and TNT, NBC doesn't necessarily need NBA games.
Persons: it's, supercharge Peacock, Peacock, Craig Moffett, Nielsen, That's, Will, Moffett, Joseph Bonner, WBD's, Bonner Organizations: NBA, ESPN, Warner Bros, TNT, Business, Apple, Netflix, NBC, Comcast, WBD, Diamond Sports, NFL, Premier League, Sky Sports, Moffett, BI, Argus Research, Disney, Fox, Google Locations: United Kingdom
The motive of such campaigns, Innes said, is to “destabilize” Russia’s Western antagonists and “undermine trust” in their institutions. The pattern of behavior was one his team recognized from a group of Russian actors his team had studied before. It is a commercial firm contracted to run disinformation campaigns, Innes said. Aaron Chown/Press Association/APMeta said it disrupted the group, but its disinformation campaigns have since grown more sophisticated. The timing of the Kate conspiracies was also propitious for the Kremlin – coming just as Putin secured a fifth term in power in a stage-managed election devoid of credible opposition.
Persons: Catherine, Princess of Wales, Kate, , ” Martin Innes, ” Innes, Emmanuel Macron, Innes, Princess, Wales, , Instagram –, Doppelganger, Aaron Chown, King Charles III, Rasmus Kleis Nielsen, ” Anna George, Timothy Snyder, Vladimir Putin’s, Henry Nicholls, Prince William, ’ ”, Putin Organizations: CNN, Cardiff University, , Soviet, Meta, Facebook, Press Association, AP Meta, US Treasury, British Embassy, Reuters Institute for, Journalism, Oxford University, Oxford Internet Institute, Yale, Russian Foreign, ” Police, London Clinic, Getty, CNN’s Royal, Kremlin Locations: Wales, Ukraine, , Russia, Soviet Union, London, Moscow, Cardiff, Russian, United States, Europe, British, Kensington, Britain, AFP, Windsor
Ahead of Wednesday's Monthly Meeting, here's a look at the best-performing Club stocks since Feb. 23, the session before the annual gathering, through Tuesday's close. NVDA mountain 2024-02-23 Nvidia's stock performance since the close of Feb. 23, 2024. DIS mountain 2024-02-23 Disney's stock performance since the close of Feb. 23, 2024. ETN mountain 2024-02-23 Eaton Corp.'s stock performance since the close of Feb. 23, 2024. STZ mountain 2024-02-23 Constellation Brands' stock performance since the close of Feb. 23, 2024.
Persons: Bob Iger, Nelson Peltz's Trian, Peltz, Eaton, it's, didn't, Wedbush, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Lam, Fei Organizations: Nvidia, Blackwell, Apple's, Disney, Club, ESPN, Nelson Peltz's Trian Partners, Eaton Corp, Street, Federal Aviation Administration, Boeing, Wall Street, Constellation Brands, Nielsen, Wedbush Securities, Wine, DuPont, Barclays, CNBC, Nvidia Corp, Bloomberg, Getty Locations: U.S, Tuesday's, STZ, Taipei, Taiwan
CNN —An undertaker turned academic, Alexandra Morton-Hayward became interested in brains — specifically how they decompose — during her former job. To understand why, the anthropologist has compiled a unique archive of information about 4,405 brains unearthed by archaeologists. No other soft tissue survived amongst the bones, which were dredged from a heavily waterlogged grave. Morton-Hayward works in a lab in Oxford, England, where she has helped build a collection of 570 ancient brains. Interestingly, many of the oldest brains are preserved in this unknown way, Morton-Hayward said.
Persons: Alexandra Morton, Hayward, , , Martin Wirenfeldt Nielsen, wasn’t, He’s, ” Wirenfeldt Nielsen, Alexandra L, Morton, It’s, “ I’m Organizations: CNN, University of Oxford, Morton, South Denmark University Hospital, University of Southern, Stone Age, Royal Society B Biological Sciences, Hayward Locations: Morton, Bristol, England, Russia, Oxford, Stone, Stone Age Sweden, Sint, Ypres, Belgium, Polish
A week earlier, he had become a large minority shareholder at The Arena Group, but had no official title. The company Bhargava claimed to be taking over was so poorly run that he questioned the intelligence of those in the meeting. He also said Bhargava was talking about his charitable endeavors in order to underscore his priorities to Arena Group employees. Media, Bhargava said in the meeting, was "biased." Days later, Bhargava sacked Arena Group CEO Ross Levinsohn, too, causing Levinsohn to angrily resign from the board.
Persons: , Manoj Bhargava, Bhargava, Zoom, I'm, Steve Janisse, Vince Bodiford, Bodiford, Ross Levinsohn, Levinsohn, Rob Barrett, doesn't, ABG, Jamie Salter, Forbes, Janisse, Nielsen, Arena's, Riley, toh, Manoj, there's Organizations: Service, Arena Group, Energy, The, Business, Sports, Media, Arena, Authentic Brands, Washington Post, Princeton, IRS, United, United States Tax, Bridge Media, Sports Illustrated, Hans Foundation, International, Group, toh e New York Times, New York, Players ' Tribune, Office, BI Locations: NewsNet, India, United States, Michigan, toh e
We saw them coming up a bit towards the end of the quarter, and then of course, the Red Sea crisis ... which again changed the market." Rolf Habben Jansen, CEO of Hapag-Lloyd, the world's fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. "It's a concerning situation and I think the [Red Sea] outlook is very difficult," Jansen said. In addition to the added costs, according to Sea-Intelligence, the Red Sea diversions could increase carbon dioxide emissions by 260%–354%. New ocean alliance with MaerskThe reduction in global freight and schedule reliability are headwinds ocean carriers have been facing for months.
Persons: Lloyd, Jansen, Rolf Habben Jansen, Hapag Lloyd, Hansen, it's, Lars Østergaard Nielsen, Nielsen, " Hansen Organizations: CNBC, Intelligence, EU, Trading, Maersk, Hapag, Gemini, Sea, MSC Locations: U.S, Asia, West Coast, East Coast, Gulf Coast, Red, Aden, Yemen, Africa, Europe, Suez, Panama, California
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