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☆ Xiaohongshu: How ‘China’s Instagram’ is transforming the travel industry
▼ + stars: | 2024-10-10 | by ( Chris Lau | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Tucked away in a residential neighborhood in the west of Hong Kong, the Kennedy Town Playground’s basketball courts aren’t particularly noteworthy. It’s because the courts, perched on the side of a hilly slope, offer great views of the Hong Kong skyline. Many of them are followers of Xiaohongshu (Little Red Book), China’s answer to Instagram, which has also become their travel bible. The 26-year-old relied solely on Xiaohongshu to navigate Hong Kong with his wife during their recent trip to the city. A woman takes pictures at an iconic Xiaohongshu spot in Hong Kong.

Persons: Hong Kong CNN —, sipping lattes, Xiaohongshu, Hong Kong's, Noemi Cassanelli, CNN Kennedy, Jiao Le, Cassanelli, ” Jiao Le, Jay Chou, ”, Tokyo's, Zhizhao Wu, Giovanni Mereghetti, Mao Zedong, Charlwin Mao, Miranda Qu, it’s, Qian Gua, “, Xia Jiale, Joel Placeres, “ Will, Placeres, Jiao, Hung Organizations: Hong Kong CNN, Kennedy Town, Hong Kong's Kennedy, CNN, CNN Reading, Getty, Kennedy, CNN Travel, Lobos, “ Lobos, Hong Locations: Hong Kong, China, Seoul, Beijing, Asia, Copenhagen, Tivoli, Norrebro, Central, New York, Japan, Kamakura, Tokyo, Denmark, Xiaohongshu, Kennedy Town, Communist China, Shanghai, Luoyang, Europe, London, Paris, Hong, Noemi

☆ United plans flights to Greenland, Mongolia and northern Spain in search for next 'it' destination
▼ + stars: | 2024-10-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. United is planning to launch daily, nonstop service to Dakar, Senegal, from Washington Dulles International Airport on May 23. United has been beefing up service from Tokyo and will offer year-round nonstop flights to Koror, Palau, from there. "The more unique content, the more we differentiate ourselves from our competitors and the more people are going to spend on United," Quayle said. United is also planning to expand flying from the West Coast, but it didn't disclose any details on Thursday.

Persons: United, Patrick Quayle, United's, Quayle, " Quayle Organizations: Newark Liberty International Airport, United Airlines, United, Washington Dulles International Airport, Federal Aviation Administration Locations: Newark, Unitted States, Senegal, Mongolia, Greenland, Palau, Paris, Rome, Tokyo, United, Newark , New Jersey, Palermo, Sicily, Faro, Portugal's Algarve, Madeira, Bilbao, Spain, Italy, Portugal, Nuuk, Madrid, U.S, Corpus Christi , Texas, Cape Town , South Africa, Dakar, Narita, Ulaanbaatar, Koror, Bergen, Norway, West Coast

☆ Catastrophe bond investors unlikely to be dealt massive losses as Florida dodges Milton's worst-case scenario
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hurricane Milton's impact on Florida won't cause major losses for catastrophe bond investors, portfolio managers say. Insurance companies still face significant losses, but cat bond investors aren't eyeing the worst-case scenario. AdvertisementThe impact of Hurricane Milton on Florida is unlikely to trigger massive losses for catastrophe bond investors. The losses for cat bond investors, therefore, might only be in the low-single digits. This will drive an increase in risk premiums, leading to higher return expectations for cat bond investors moving forward," Steiger said.

Persons: aren't, —, Helene, Milton, Chin Liu, Tanja Wrosch, That's, Florian Steiger, Steiger Organizations: Insurance, Service, Investors, Twelve, Bloomberg, Icosa, Progressive, Allstate, Chubb Limited, Swiss Locations: Florida, Hurricane Milton, Tampa, Milton

☆ Delta says travelers are trading scorching summer Europe trips for fall getaways
▼ + stars: | 2024-10-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Summer trips to Europe are getting too hot for thousands of tourists. Delta Air Lines President Glen Hauenstein said travelers are opting out of flying to Europe during the traditional summer peak travel season. Corporate [travel] we haven't seen much change year over year but it's continuing to shift travel to Europe in particular from July and August peak to a September and October peak." Summer this year in the Northern Hemisphere was the hottest on record, according to the European Union's climate monitor.

Persons: Glen Hauenstein, Hauenstein Organizations: Delta Air Lines Locations: Rome, Italy, Europe, Northern Hemisphere

☆ Airports are investing in private wireless networks to improve operations and travelers' experience
▼ + stars: | 2024-10-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Airports are looking to private wireless networks to improve operations, execs said at MWC Las Vegas. Private wireless networks are key to ushering in a better airport experience for both the travel hubs' operations and the billions of passengers who pass through them. Private networks generally offer greater security and reliability, lower latency, and higher bandwidth compared with public networks. "As I think about a future with a lot of growth, private wireless is foundational. Private wireless networks can also help enterprises with cost and mobility by reducing the expense of installing cables and by providing connectivity to areas that might be harder to reach with wires.

Persons: execs, —, Charles Miwa, Michael Youngs, We're, Kyle Mobley, Mobley, that's, SITA, I'm, Youngs, That's Organizations: MWC Las Vegas, Service, Mobile, Congress, Vegas, International Airport, Dallas Fort Worth International, Private, Port, San, San Francisco Bay, International, Airports Locations: Vegas ., Port of Oakland, San Francisco

☆ He flies business and first class multiple times a year — all on credit card points
▼ + stars: | 2024-10-10 | by ( Lim Hui Jie | Jan Camenzind Broomby | ) www.cnbc.com time to read: +4 min

A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. A business class ticket jumps to SG$6,300, and a first-class ticket just over SG$13,000. Aaron Wong, who flies first and business class when he travels, says: "You don't need to be rich to enjoy such things." However, it's not as simple as just picking up any mile-earning credit card and spending a bunch of money, he said. For example, in Singapore, points earned on DBS credit cards can be combined, but credit cards from Citibank Singapore don't work that way.

Persons: —, Aaron Wong, Wong, it's, Miles Organizations: Singapore Airlines —, Singapore Airlines, Singapore Changi, Cape Town, DBS, Citibank Singapore don't Locations: Singapore, London, Tokyo Haneda, Perth, Cape

☆ China economy: Stock markets’ holiday optimism doesn’t spread to Chinese shoppers
▼ + stars: | 2024-10-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Global investors went wild during China’s just-concluded Golden Week holiday by snapping up “everything” related to the country. But that optimism didn’t extend to shoppers and travelers in the world’s second-largest economy itself. “Low tourism spending per head and subdued services prices highlighted still weak domestic demand and continued consumption downgrading,” they said. Goldman Sachs added that anecdotal evidence indicates hotel prices and airfares during the holiday were lower than year-ago levels. According to official data, cross-border travel rose by about 26% to 13 million trips, compared with last year’s holiday period.

Persons: Goldman Sachs, ”, Xi Jinping, David Tepper Organizations: Hong Kong CNN — Global, Citi, Management, CNBC, Hong, National Development, Reform Commission, Ministry of Finance Locations: China, Hong Kong, Shanghai, Shenzhen

Furthermore, it's the only credit card that allows me to gift airport lounge access to four people for free by adding them as authorized users on my credit card. I Earn 2% Back on Therapy with my Capital One Venture X Rewards Credit CardI primarily use my Capital One Venture X Rewards Credit Card on transactions that don't earn bonus points on another card. Capital One Venture X Annual Fee and Other CostsThe Capital One Venture X Rewards Credit Card charges a $395 annual fee (rates and fees). Capital One Venture X Frequently Asked QuestionsIs the Capital One Venture X worth it? Yes, it's possible to get approved for the Capital One Venture X Rewards Credit Card if you already have the Capital One Venture Rewards Credit Card open.

Persons: I've, cardholder, Miles, Chase, LifeMiles, Smiles, Red, Wyndham, cardholders, Cardholders, I'm, You've, Jasmin Baron, Read, Angela Fung Organizations: Business, Venture, Capital, One, Chase, Five, U.S, American, American Express, Chase Sapphire Reserve, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Collection Hotels, Premier, Resorts, Chase Travel, Marriott, TSA, Hertz, Cell, Travel Insurance, One Venture, Mastercard, Chevron, Finance Locations: Taiwan, Cathay Pacific Asia, Singapore, Canada

☆ Airlines are waiving cancellation fees and capping fares for Florida travelers during Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Major airlines said they were waiving change fees due to Hurricane Milton's impact on Florida. AdvertisementAs the travel industry prepares for Hurricane Milton, which is expected to make landfall in Florida on Wednesday, major airlines are offering to waive cancellation fees for travelers whose plans could be impacted. Four of the biggest airlines — United, American Airlines, Delta, and Southwest — said they are offering passengers options to cancel or reschedule their flights without penalty. The airline said it was waiving change fees for customers who were scheduled to fly through 12 Florida airports from October 8 through 10. DeltaDelta said it was waiving fare differences for passengers who planned to travel through nine Florida airports from October 7 to 10.

Persons: —, Hurricane Milton, Southwest —, Pete Buttigieg, United, Delta Organizations: Service, Hurricane, — United, American Airlines, Transportation, United, Florida, . American Airlines American, Delta, Southwest Locations: Florida, United, Southwest, Delta, Milton, Tampa, Orlando, Miami, Fort Myers, Sarasota

They thrive on it, said John Hackston, head of thought leadership at The Myers-Briggs Company. Be it spouses, best friends or acquaintances, travelers enduring long stretches of time together often struggle to find a middle ground. But the same level of reflection hasn’t happened with extroverts, said Hackston. The problem, said Hackston, is that extroverts often assume others think and feel as they do. Just because you're good friends, it doesn't mean that you'll be good travelers.

Persons: ”, John Hackston, The Myers, Susan Cain’s, —, extroverts, “ There's, introverts, there's, That's, United Kingdom …, Chris Ratcliffe, Myers, Emma Morrell Organizations: The, Briggs Company, Bloomberg, Getty, Northern Locations: “, United States, United Kingdom, Japan, Finnish

☆ I've been to 86 countries and learned to travel on a budget. I book tours once I'm in the country and embrace public transportation.
▼ + stars: | 2024-10-09 | by ( Jennifer Sizeland | ) www.businessinsider.com time to read: +6 min

Since then, I've been to 86 countries and have learned how to travel on a budget. I book directly with local businesses and I embrace public transportation, among other things. Now, 20 years later, I've visited 86 countries on a shoestring budget. It feels more ethical, too, as our money went straight to people living by the river instead of a tour company based elsewhere. If that is the case, make sure to book the tours while you're in the country, as it will save you money.

Persons: I've, —, who'd, Jennifer Sizeland, we'd Organizations: Service, Raffles Locations: Tanzania, Borneo, Chile, Argentina, Tunisia, Carthage, South, Southeast Asia, Baku, The Gambia, Singapore

☆ China's Golden Week holiday signals persistent consumer caution
▼ + stars: | 2024-10-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Passengers line up to check in at Chengdu Tianfu International Airport on October 6, 2024 as China's week-long National Day holiday draws to a close. China News Service | China News Service | Getty ImagesBEIJING — China's Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences. The Golden Week holiday in China commemorates the founding of the People's Republic of China on Oct. 1. "The Golden Week consumption could still suggest a modest recovery versus August, in our view, due to trade-in subsidies (for appliances and autos) and consumption vouchers issued by the local governments," Peng said. During Golden Week, mainland China recorded 765 million domestic trips, up from both the prior year and before the pandemic, according to the Ministry of Culture and Tourism.

Persons: Goldman Sachs, Goldman, Trip.com, Kenneth Chow, Oliver Wyman, Chow, It's, Christine Peng, Peng Organizations: Chengdu Tianfu International, China News Service, Getty, BEIJING, China Film Administration, Consumers, CNBC, UBS, Ministry of Culture, Tourism Locations: Chengdu, China, People's Republic of China, Greater China, Japan, Thailand

They went to Disney World for theme park rides and photo ops with Mickey Mouse. In the past few days, Hurricane Milton has morphed from a pesky storm system in the Gulf of Mexico to a historic hurricane that Florida Gov. A notification popped up on her Disney app informing her that the resort was monitoring a quickly progressing storm. Farther inland, in the greater Orlando area where Disney is located, the Orlando airport announced it would be closing at 8 a.m. Wednesday. Only a handful of hurricanes have forced the parks to close in Disney’s more than 50-year history, according to the fan-run Walt Disney World Magazine.

Persons: Mickey Mouse, Hurricane Milton, Ron DeSantis, Milton, —, ”, Telissa Carpenter, Carpenter, “, we’ve, Milton eying, Cara Prior, Disney, Kensly Williams, Williams, Ashleigh Giliberto, ’, She’s, she’s, I’ve, we’re Organizations: Disney, Hurricane, Florida Gov, Walt Disney, National Hurricane Center, Orlando, Walt Disney World Magazine, Universal Orlando Resort, Associated Press Locations: Florida, Gulf, Mexico, Orlando, Indianapolis, Tampa, Disney’s, United States, Thompson’s, Tennessee, Fairbury , Nebraska, Miami, Indiana

☆ These are the insurance stocks with the most at risk from Hurricane Milton, according to Piper Sandler
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Piper Sandler said Hurricane Milton could change the insurance market. Piper Sandler said Milton shares similarities with Ian, which resulted in $56 billion in insured losses. "Historically, insurance stocks fall as the hurricane approaches landfall and as it creates damage. Below is a table of estimated insured losses from insurance companies from Hurricane Ian. "The typical rebound in the insurance stocks happens when it becomes clear how large the insurance event was (or was not).

Persons: Piper Sandler, Milton, Paul Newsome, Hurricane Ian —, Newsome, Ian, LSEG, Chubb, — CNBC's Michael Bloom Organizations: Hurricane Ian, Allstate, American International Group, Heritage Insurance, Progressive, Universal Insurance Holdings, Travelers Locations: Florida, Milton, Hurricane, Newsome

☆ Airlines, theme parks, cruise lines warn travelers about Hurricane Milton disruptions
▼ + stars: | 2024-10-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton. Airlines canceled hundreds of flights, theme parks prepared to close some areas and cruise lines shifted routes as Floridians braced for Hurricane Milton's landfall. Tampa International Airport suspended operations at 9 a.m. Orlando International Airport will close at 8 a.m. on Wednesday. Southwest Airlines , which has about a fifth of the market share in Orlando, has struck 402 flights from its total Wednesday schedule, according to FlightAware data.

Organizations: Tampa International Airport, American Airlines, Airlines, Milton's, National Oceanic, Atmospheric Administration, Southwest Airlines Locations: Tampa, Tampa , Fla, Hurricane Milton, Florida, Orlando

☆ Chinese travelers trickle back to a Taiwanese island, mere miles from the mainland
▼ + stars: | 2024-10-08 | by ( Jan Camenzind Broomby | Marylou Costa | ) www.cnbc.com time to read: +5 min

All that separates the cafe from mainland China are 6 miles of choppy water and a row of anti-invasion spikes along the beach. A row of anti-invasion spikes line a beach on Kinmen, with the Chinese mainland in the distance. Source: Jan Camenzind BroombyAlthough China claims sovereignty over Taiwan, Chinese tourists were prevented from visiting Taiwan for years. But on Feb. 14, two Chinese citizens were killed during a collision between a Taiwanese Coast Guard boat and a Chinese boat, sparking an escalation of tensions. local business owners have felt the impact of the loss of Chinese tourists, who previously contributed nearly $200 million to Kinmen's annual economy.

Persons: Zhang Zhong, Zhang, Camenzind Broomby, Kinmen, Soldiers, Chen Hua Sheng, weren't, Wu Zeng Yun, Beddy Chang, she's, Wu Zeng Yun —, Wu, Lu Wen Shiung, Lu, Chen Yu Jen Organizations: Kinmen, Taiwanese Coast Guard, Taiwan's Mainland Affairs Council, Matsu Joint Services Center, China's Coast Guard, Chinese Coast Guard Locations: China, Taiwan, Beijing, Kinmen, Kinmen County, Covid, Matsu, Taiwanese

☆ The challenges Floridians are facing while trying to evacuate
▼ + stars: | 2024-10-08 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +9 min

Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool on Tuesday to prepare for Hurricane Milton. Marta Lavandier/AP A man boards up an apartment building to protect it from Hurricane Milton in Progreso, Mexico, on Monday. The state of Florida is trying to keep gas stations supplied as people try to fill up before hitting the road. Tristan Wheelock/Bloomberg/Getty Images“Lines at gas stations have been long,” DeSantis acknowledged Tuesday during a news conference. “Gas stations are running out quicker than they otherwise would.”Gas price tracking service GasBuddy reported that as of Tuesday afternoon, 17.4% of gas stations statewide were without fuel, a dramatic spike from just 3% on Monday.

Persons: Hurricane Milton, Helene pummeled Florida’s, Jane Castor, CNN’s Kaitlan Collins, it’s, Kevin Guthrie, Ron DeSantis, Rich Lorenzen, Sam Grande, Pete, Octavio Jones, DeSantis, Milton, Mike Carlson, Matthew Dominick, Jose Luis Gonzalez, Reuters John Fedor of, Chris O'Meara, David Jalving, Marta Lavandier, Julio Cortez, Hurricane Helene, Bryan R, Smith, Tristan Wheelock, Gerald, Martin Zetina, Hurricane, Reuters Rich Lorenzen, Pete Beach, Gregg Newton, Brandon Hutchison, ” Hutchison, Irma, Idalia, Milton's, ” DeSantis, Fort Organizations: CNN, Hurricane, ” Tampa, state’s Division, Emergency Management, Florida Gov, National Weather Service, Florida Department of Transportation, Florida DOT, Veterans Expressway, Suncoast Parkway, AP NASA, International, Milton, NASA, Reuters, Tampa International Airport, Getty, Bloomberg, Hurricane Milton, AP Contractors, AP Tropicana, Department of Transportation, Rosen, Resorts, Atlanta Motor, Emergency Management Agency, Gas, “ Gas, Patrol Locations: Hurricane Milton, St, Pete Beach , Florida, Miami, Florida, Tampa, Hurricane, Port Richey , Florida, Orlando , Florida, Jersey, Tampa Bay, Treasure Island , Florida, AFP, Fort Myers Beach , Florida, Progreso , Mexico, New Port Richey , Florida, St . Petersburg, Monnday, Kissimmee , Florida, Georgia, Atlanta, Peach, Dothan , Alabama, RVs, ”, Hampton , Georgia, Henry, Florence, Petersburg , Florida, Fort Myers, Gulf Coast

☆ After over 50 cruises, I no longer book sailings to the Bahamas or the rest of the Caribbean. Here's what I choose instead.
▼ + stars: | 2024-10-08 | by ( Amanda Adler | ) www.businessinsider.com time to read: +5 min

I've loved the Caribbean but I'm more interested in other ports now that I've been on 50+ cruises. Although I still love these ports, they've lost their appeal to me now that I've been on more than 50 cruises. Sailing through the Norwegian fjords is one of my favorite cruise experiences to date — the breathtaking views surrounds the ship in all directions, offering endless photo opportunities. So, no matter the itinerary, I now tend to book lengthier sailings — ideally ones longer than a week. Amanda AdlerAlthough I've secured great pricing on international cruises, I'm often looking to sail closer to home in the US.

Persons: I've, —, — it's, they've, it's, Amanda Adler, we've Organizations: North, Service, Acadia Locations: Bahamas, Scandinavia, Caribbean, Europe, Iceland, Norway, Central Europe, New England, Boston, Canada, West Coast, Catalina, Hawaii

☆ Airports are closing and American Airlines is operating evacuation flights as Hurricane Milton nears Florida
▼ + stars: | 2024-10-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Hurricane Milton is expected to make landfall in Florida on Wednesday night. AdvertisementFour international airports are set to suspend commercial flights as Hurricane Milton approaches Florida, while American Airlines scheduled extra services for evacuees. Orlando International, Sarasota-Bradenton, St Pete-Clearwater International, and Tampa International airports have all announced closures. As of 7 a.m. Tuesday, close to a third of 158 flights at Tampa International had already been canceled, per FlightAware. Related storiesIt's added 11 flights from Tampa International and one from Sarasota-Bradenton, totaling about 2,000 seats.

Persons: Milton, —, Peter O, Hurricane Helene Organizations: American Airlines, Service, Milton, National Hurricane Center, Orlando International, St Pete, Clearwater International, Tampa International, Bradenton, Pete, Clearwater, Tampa Executive, Airport, Federal Aviation Administration, Hurricane, FAA Locations: Florida, Gulf of Mexico, Tampa, Sarasota, Bradenton, Orlando, Plant

☆ I stayed in a glamping tent and a tiny house resort on a small island near Singapore. One was a better escape from city life.
▼ + stars: | 2024-10-08 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

On a recent trip there, I spent one night in a glamping tent and the other in a tiny house. The tiny house was more comfortable, but the glamping tent felt like a proper escape from the city. Big Tiny, a tiny house startup in Singapore, launched Tiny Away on Lazarus in May last year. AdvertisementThe tiny house was more comfortableDespite the tent having a queen-sized bed (left), the author felt more comfortable in the tiny house (right). The glamping tent offered a more novel experienceThe author spent one night journaling in the glamping tent (left) and the other watching Netflix in the tiny house (right).

Persons: —, Lazarus, May, Ray Lee, Sam Wong, Prudence Lai, Erin Liam, cofounders, there's, unplug Organizations: Service, Sentosa Development Corporation, Singapore's Ministry of Trade and Industry, Singapore Zoo, Business, Netflix Locations: Lazarus, Singapore, Southern

U.S. health officials are preparing to screen passengers flying in from Rwanda for symptoms of Marburg virus, a severe infection similar to Ebola. People infected by the virus can start showing symptoms two to 21 days after their exposure, according to the CDC. Marburg is a virus that causes hemorrhagic fevers and internal bleeding, much like Ebola. No Marburg cases have been detected in the U.S. As of Sunday, Rwandan health officials had reported 49 cases, according to the U.S. Department of Health and Human Services. Also Monday, the CDC issued what’s known as a level 3 travel health notice, warning people against unnecessary travel to Rwanda.

Persons: Chicago O’Hare, ” Organizations: Washington Dulles, Centers for Disease Control, Prevention, CDC, U.S . Department of Health, Human Services, World Health Organization Locations: Rwanda, Marburg, United States, ”, Chicago, JFK, New York, Washington, Virginia, U.S

☆ Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | Yun Li | ) www.nbcnews.com time to read: +1 min

Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 5 storm. Hurricane Milton is forecast to move north of the Yucatan Peninsula on Monday and Tuesday before crossing the Gulf of Mexico to approach the west coast of Florida by Wednesday, according to the National Hurricane Center. Hurricane Milton comes on the heels of Hurricane Helene, which killed more than 220 people and wrought devastation across the Southeast, particularly in North Carolina. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%.

Persons: Hurricane Milton, Generac, Hurricane Helene, Chubb, Milton, Joshua Shanker Organizations: Generac Holdings, Hurricane, National Hurricane Center, North Carolina . Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance, Bank of America, Colorado State University, Research Locations: Hurricane, Yucatan, Mexico, Florida, Tampa, North Carolina, Fort Lauderdale , Florida

☆ Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
▼ + stars: | 2024-10-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing growth and competition from Walmart. Hershey – Shares fell 2% after the chocolate maker was downgraded to neutral at UBS and to market perform at Bernstein. JPMorgan downgraded shares to underweight from neutral, citing dwindling confidence in the Israel-based company grapples with share loss concerns and volume challenge. JPMorgan downgraded shares to neutral, citing limited EPS upside from here.

Persons: Milton, Wells, Chubb, Morgan Stanley, Coty, Ashley Helgans, Arcadium, Bernstein, GLP, Ciena, —, Yun Li, Hakyung Kim, Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon, Pia Singh Organizations: Generac Holdings, Walmart, Pfizer —, CNBC, Insurance, —, Allstate, Travelers, Progressive, Hurricane, Universal Insurance, Air Products, Chemicals, Garmin —, Garmin, Jefferies, Rio Tinto, Hershey –, UBS, Butterfly Equity, JPMorgan, Apple Locations: Florida, Hurricane Milton, Fort Lauderdale , Florida, Wells Fargo, California, Israel

☆ CDC will start screening travelers from Rwanda to the US for Marburg virus
▼ + stars: | 2024-10-07 | by ( Katherine Dillinger | ) edition.cnn.com time to read: +3 min

CNN —Amid an outbreak of Marburg virus in Rwanda, travelers coming into the United States who have been in Rwanda in the previous 21 days will be screened starting next week, the US Department of Health and Human Services announced Monday. There are no confirmed cases of Marburg virus disease – a rare but deadly hemorrhagic disease similar to Ebola – outside Rwanda, and officials have said that the current risk to the US is low. The CDC is also issuing a Level 3 Travel Health Notice, recommending that people reconsider nonessential travel to Rwanda, and sending automated texts to air travelers arriving from Rwanda to share information and instructions. As of Monday, there have been 56 confirmed cases of Marburg in Rwanda, with 36 people in isolation and treatment, and 12 deaths, according to the Ministry of Health. The CDC and the World Health Organization have deployed teams of experts to Rwanda to provide guidance and assistance to public health workers there.

Persons: CNN —, Sean Savett, Dr, Sanjay Gupta, CNN’s Jen Christensen, Donald Judd Organizations: CNN, US Department of Health, Human Services, HHS, US Centers for Disease Control, Prevention, CDC, Ministry of Health, World Health Organization, National Security, CNN Health, MVD Locations: Marburg, Rwanda, United States

A worker unloads a 24-kilowatt Generac home generator off a truck at Captain Electric on February 18, 2021 in Orem, Utah. Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 4 storm. Insurance stocks that have weather catastrophe exposure, meanwhile, are falling on potential insured losses tied to Hurricane Milton. Allstate, Travelers and Chubb saw their shares fall more than 3%, while Progressive and AIG all declined more than 1%. Lauderdale, plunged more than 20% as the catastrophe-prone carrier with Gulf Coast exposure could see heightened hurricane risks.

Persons: Hurricane Milton, Chubb Organizations: Captain Electric, Generac Holdings, Hurricane, National Hurricane Center, Insurance, Hurricane Milton, Allstate, Travelers, Progressive, AIG, Universal Insurance Locations: Orem , Utah, Milton, Yucatan, Mexico, Florida, Tampa, Fort . Lauderdale

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