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Avolon CEO sees robust demand for aircraft, especially in Asia
  + stars: | 2024-11-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAvolon CEO sees robust demand for aircraft, especially in AsiaAndy Cronin, CEO of Avalon, talks about demand for aircraft leasing and uncertainties caused by the COVID pandemic, and supply restrictions in Boeing and Airbus. He says the Asia Pacific region is leading in growth, with India being particularly attractive.
Persons: Asia Andy Cronin Organizations: Avalon, Boeing, Airbus Locations: Asia, India
We pay 37% taxes on our income up to $190,000 (Australian dollars) and 45% on anything over that. Housing prices are very high, but we don't pay property taxI paid over one million for a three-bedroom, two-bathroom house that's about 15 minutes outside the city. One benefit is that we don't pay property taxes. I figure if we stay here for five years, we'll break even on the amount we would have paid in property tax in the US. Plus, it's predictable — we own the home without worrying about rising property tax rates.
Persons: Chelsey Nelson, she's, , Aiden, COVID, wouldn't, I'd, we'll, I'm, There's Organizations: Service Locations: Seattle, Australia, Rio de Janeiro, Brisbane, Washington
Dubbed La Dolce Vita, the new Orient Express trains will start operating in Spring 2025. Travel agent Julia Carter, founder of the luxury travel agency Craft Travel, said unique experiences are higher on the priority list of wealthy vacationers than ever. Itineraries on La Dolce Vita Orient Express start at $3,800 for a one-night stay. Courtesy of Orient Express ItalyUnlike cruise travel, luxury train travel is also more exclusive, another top priority among wealthy travelers. "People want the luxury of space and privacy," Craft, the luxury travel agent, said.
Persons: Vita, , Amrita Banta, Julia Carter, Carter, Georges Nagelmackers, Agatha Christie, Dame Judi Dench, Kenneth Branagh, Buyenlarge, Samy Ghachem, La Dolce, COVID, let's, Ghachem, it's Organizations: Orient Express, Service, Research, Strategy, McKinsey & Company, Craft Travel, Orient, The Orient Express, Dolce Vita, Dolce Vita Orient Locations: Italy, China, Singapore, Thailand, Japan, Belgian, Paris, Istanbul, Sicily, Asia, Africa, Orient Express Italy
Eliza Evans, 38, inherited many items from her grandmother, who was an antique dealer. Grandma was in her element as she picked out the items she wanted. I told them I was going to set up a museum in my house to display the precious items. There were several trips to Goodwill over the years, but I still couldn't part with the sentimental stuff. Do you have an interesting story to share with Business Insider about decluttering or dealing with inherited "stuff" you don't need?
Persons: Eliza Evans, , We'd, Grandma, she'd, I'd, Chris, COVID, Evans, I've, There's, I'm Organizations: Service, Goodwill, Catholic, Swiss Army, Business Locations: Chicago, Florida, Virginia, Spain, Europe, Richmond
Regardless of who wins Tuesday’s election, a key fixture of America’s political landscape for nearly a decade is set to disappear: the Trump rally. “It’s coming to an end,” Trump said in a phone interview with NBC News on Sunday. For his millions of supporters, Trump rallies have been a gathering place with thousands of other like-minded Americans. Torabi is best known for his popular Twitter account, where his clips of Trump rallies frequently go viral. “So tomorrow I’m doing three rallies and on Monday I’m going to do four rallies in one day,” Trump said.
Persons: Trump, Donald Trump, Anna Moneymaker, ” Trump, , “ There’s, Kamala Harris, Lee Greenwood’s, Jabin, I’m, , “ I’ve, he’s, Robin Cole, , hasn’t, ” Trudy Delling, Andrew Caballero, Reynolds, It’s, that’s, Trump’s, We’ve, Acyn, Torabi, he’ll, outshine, Republican Party won’t, , ” Eric Trump, Julia Demaree Nikhinson, it’s, marveled, we’re Organizations: White House, Trump, State College ,, NBC News, White, Central Wisconsin Convention, Washington, Getty, NBC, Republican Party, Republican, Convention, AFP, North Locations: Grand Rapids , Michigan, State College , Pa, Rothschild, Wis, Greensboro, N.C, Pennsylvania, Virginia, Milwaukee, North Carolina, Warren, Mich, Macon , Georgia, Greensboro , North Carolina, Rocky Mount
After leaving the workforce during the pandemic because she couldn’t find affordable child care, Longenecker said her family has been economizing. But her husband recently got a new job that pays more per hour and with lower health care costs. Her husband’s side gig has been “flourishing,” giving them steady monthly income and a glimpse of a future beyond waiting tables. Her monthly retirement income of around $7,600 is comfortable, but homeowners insurance, utilities and long-term care costs are weighing on her. Keys said Harris has put forth clearer economic policies, like her plan to offer first-time homebuyers $25,000 in downpayment assistance.
Persons: Kamala Harris, Donald Trump, Harris, Stefanie Longenecker, Longenecker, she’s, I’m, they’re, , ” Longenecker, Stefany Serna, He’s, “ We’ve, ” Serna, Serna, , Serna isn’t, Lucy Haverfield, ” Haverfield, Hurricane Milton, Helene, Milton, Trump, “ I’m, Nancy Breland, hasn’t, Breland, “ I’ve, Otis Keys, ” Keys, Keys, Becky Melvin, Trump’s “, multibillionaire Tesla, Elon Musk, , Melvin Organizations: NBC, Biden, Pa ., Trump, YouTube, ” Times, Social, Social Security, UPS, Teamsters Locations: Palmyra, Pa, Palmyra , Pennsylvania, China, Coral Gables , Florida, Alva , Florida, Hurricane, Florida, Alva, Fla, Canada, Georgia, Dallas, Jacksonville, America, Jacksonville , Florida
He recently told the Wall Street Journal editorial board that Chinese President Xi Jinping respects him but also knows he’s “crazy” and wouldn’t provoke him. But Chinese officials might also see potential for Musk to be a mitigating influence on issues such as tariffs. Like other American business leaders, Musk has met with senior Chinese officials as Beijing courts international companies. AP fileIf Chinese officials receive Musk almost like a world leader, the Chinese public treats him like a rock star. Chinese officials have not been shy about making the connection between what Musk says and where he makes his money.
Persons: Donald Trump, Elon Musk, Jia Qingguo, Trump, ” Jia, Xi Jinping, he’s, ” Trump, Joe Biden’s, , they’re, , Kelly Grieco, Musk, Li Qiang, Qin Gang, ” Grieco, Jennifer Lian, Henry Kissinger, Ian Bremmer, Tesla, Kuan, “ He’s, ” Tesla, Li Keqiang, Li, ” Musk, Grieco, didn’t, Xi, Qin, Hsiao, Kamala Harris, Janis Mackey Frayer, Jennifer Jett Organizations: SHANGHAI, Trump, Peking University, NBC News, Wall Street, Stimson, Qin, Weibo, Communist Party ., Eurasia Group, SpaceX, Shanghai Gigafactory, Getty, U.S, Shanghai, NBC, Global Times, Financial Times, Beijing, Washington, U.S ., Democratic Locations: China, Beijing, Musk, Washington, U.S, United States, York, Shanghai, Chinese, Jiangsu, Xinjiang, Taiwan, Hong Kong, Starlink, Ukraine, Russian, British, European
Let’s get one thing straight: The polls can’t tell us who is going to win the presidential election. The race is that close and uncertain, and polls in previous election cycles have been that far off the mark. With those caveats out of the way, let’s not ignore the consistent storylines in the polls that have defined the political forces shaping the election. It's not the -33 net rating he had heading into his first presidential election in 2016, but it's not what successful presidential candidates have typically enjoyed, either. And whether he was running against Biden or against Harris, Trump's biggest issue advantage has long been on the border and controlling immigration.
Persons: Let’s, let’s, Donald Trump, Kamala Harris, Harris, What’s, Roe, Wade, Trump, they’ve, Joe Biden, , It's, Trump's, they've, Biden, — Harris ’, Trump’s, Harris ’ Organizations: NBC News, Trump, October’s NBC, NBC, Telemundo, CNBC, Black, Electoral College, Biden, Democratic Locations: October’s
But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.
Persons: , I'd, I'm, I've, Little, it's Organizations: Service, Citadel
But she realized her job wasn't making her happy and became a "quiet quitter." AdvertisementThis as-told-to essay is based on a transcribed conversation with Heather Doran, a 43-year-old in Mississippi, about "quiet quitting" at work. Roughly three years into the role, I started "quiet quitting." But "quiet quitting" is about going back to just doing the job we were hired to do, which isn't lazy. AdvertisementDo you have a "quiet quitting" story you want to share with Business Insider?
Persons: Heather Doran, she'd, , We're, We'll, I'd Organizations: Service, Business Locations: Mississippi, South Carolina, I've
Some luxury travel agencies and tour operators say they've seen an uptick in travelers booking luxury safaris. She's not alone — as of late, a growing number of travelers have been itching to go on a luxurious African safari, too. Micato SafarisLuxury tour operator Abercrombie and Kent's African safaris have always been among its best-selling vacations, the company told BI in an email. AdvertisementSome luxury travel agencies are noticing it, tooLuxury travel agency Indagare told BI in an email that safari bookings are "trending upward. AdvertisementWith such prices, some travelers might consider luxury safaris a once-in-a-lifetime experience.
Persons: , Sophie Serrano, Serrano, " Serrano, She's, Abercrombie, buffalos —, Dennis Pinto, Safaris, Micato, Pinto, Richard Waite, Oprah, Ellen DeGeneres, — Singita, Singita, Melissa Krueger, Indagare, Scott Dunn, Julie Durso, Jackie Roth, Sophie Serrano Misty Belles, Take Serrano, Isabella John Organizations: Service, Micato's, Scott Dunn Private, Nomad, Kruger Locations: Zanzibar, Africa, Kenya, Tanzania, Rwanda, Tanzania's, Botswana, South, Umlani's
Now, the inflation rate is nearly back to normal – miraculously, without the recession and loss of millions of jobs that many predicted. Harris also gets that the economic anxiety fueled by inflation has helped boost the popularity of her opponent, former President Donald Trump. And he’s got a point: The inflation rate never exceeded 3% under Trump – a far cry from the four-decade high of 9.1% under Biden. “I will end inflation,” Trump told a roaring crowd of supporters in battleground North Carolina on Wednesday. More than two-thirds of economists (68%) surveyed by The Wall Street Journal say prices will be higher under Trump than Harris.
Persons: Joe Biden’s, It’s, Kamala Harris, Harris, ” Harris, Donald Trump, he’s, Trump, Biden, it’s, Moody’s, ” Trump, , aren’t, Trump’s Organizations: New, New York CNN, White, Federal Reserve, Trump, Biden, Wall Locations: New York, Russia, Ukraine, North Carolina, China, Mexico
Morgan Stanley reiterates Apple as buy Morgan Stanley said it's sticking with the stock following the release of the company's annual 10-K analysis. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley raised its price target on Amazon to $230 per share from $210. Morgan Stanley upgrades Entergy to equal weight from underweight Morgan Stanley said the energy company's outlook has improved. " Morgan Stanley upgrades Roblox to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees a long runway for growth. " Morgan Stanley downgrades STMicroelectronics to underweight from equal weight Morgan Stanley said it sees too many headwinds from the semis manufacturer.
Persons: Berkshire Hathaway, Price, Morgan Stanley, Apple, Goldman Sachs, Goldman, it's bullish, Rollins, William Blair, TSMC, Bernstein, Trip.com, Morgan Stanley downgrades STMicroelectronics, Hollister comps, Peter Stern, D.A, Davidson, AAPL Organizations: UBS, Berkshire, Citi, Apple, PlayStation, Barclays, Blackwell, Tencent, Entertainment, Trip.com, Bank of America, Inc, KeySight, Qs, Abercrombie & Fitch Citi, of America, " Bank of America, Meta, Walmart Locations: Kazakhstan, LA, China
Some 4.74 million Chinese couples registered their marriages in the first three quarters of 2024, a decrease of 16.6% from the 5.69 million recorded in the same period last year, according to data released by the Ministry of Civil Affairs on Friday. A rebound in marriages last year after stringent Covid restrictions were lifted appears to be an anomaly largely driven by pent-up demand. Many are postponing marriage and childbirth – and a growing number of young people even choose to eschew them entirely. The stubborn downward trend is also a result of changing attitudes to marriage, especially among young women who are becoming more educated and financially independent. In the first nine months of this year, some 1.96 million couples registered for divorces, a slight decline of 6,000 year-on-year, according to data from the Ministry of Civil Affairs.
Persons: , Cai Jingyu, Organizations: Hong Kong CNN, Ministry of Civil Affairs, Association, China isn’t Locations: Hong Kong, China, Beijing, People’s Republic, India, Shenyang Imperial, Shenyang, Japan, South Korea
The news Morgan Stanley raised its Amazon price target Monday to $230 per share from $210 — implying 16% upside to Friday's close. Morgan Stanley expects Amazon's shipping and fulfillment cost per package to decrease about 3% each year from 2023 to 2026, reaching $6.51 by 2026. Bottom line Jim Cramer wrote in his Sunday column that Amazon is the "best stock so far" of this earnings season, citing skill execution across all of its businesses. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Morgan Stanley, D.A, Davidson, Jim Cramer, Jim Cramer's, Jim, David Paul Morris Organizations: Amazon, Web Services, CNBC, Bloomberg, Getty Locations: San Francisco
That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.
Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, , Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States
Roblox is at an inflection point and could see its stock price more than double from here, according to Morgan Stanley. Analyst Mathew Cost upgraded the online game platform to overweight from equal weight and lifted his price target by $27 to $65, suggesting 26.4% upside. The analyst thinks consensus expectations "underappreciates the potential" for Roblox to exceed it 20% bookings growth targets as it continues to grow its audience. That's nearly 10 times faster than the game market this year and the highest level since peak Covid in 2021, he noted. LSEG data shows Roblox is has buy or strong buy ratings from 20 of 33 analysts covering it.
Persons: Morgan Stanley, Mathew, That's Organizations: PlayStation
CNN —The tumultuous 2024 election is ending with a contrast that encapsulates America’s fateful choice on election eve. The vice president also proposes reforms to improve the lives of working Americans — but hers are less revolutionary than Trump’s. If she loses Pennsylvania, Harris would need a combination of other swing states, including Georgia, Nevada and Arizona, where poll averages also show no clear leader. But the findings, which suggested a shift toward Harris from the previous Iowa Poll in September, also showed the vice president with a strong advantage among women. If such a pattern is repeated nationwide, the vice president could be headed to victory if she can limit her deficit to Trump among White males especially.
Persons: Donald Trump, Kamala Harris, Harris, He’ll, Lady Gaga, Oprah Winfrey, Trump, shouldn’t, , , Joe Biden’s, Roe, Wade, Biden, He’s, She’s, , ” David Plouffe, Mediacom, “ We’ve, we’ve Organizations: CNN, Trump, , Michigan, White House, , Republican, Democratic Party, Trump -, Democratic, Capitol, Justice Department, GOP, Republican Party, CNN’s, Keystone State, Pennsylvania —, Democrats, Des Moines Register, Poll, Iowa, New York Times, Siena College Locations: America, North Carolina, Pennsylvania, Michigan, Philadelphia, Detroit, battlegrounds, Michigan , Wisconsin, Georgia, North Carolina , Nevada, Arizona, , Washington, autocrats, Russia, China, Keystone, Nevada, Siena
AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. The technology helps put more targeted ads on the mobile gaming apps the company owns, and works for other studios that license the software. They said the company's "real opportunity" is to catch the influx in brand advertising towards mobile gaming from more conventional channels like social media or legacy broadcasting. Because of its position in digital advertising, AppLovin faces potential competition from some of the most well-capitalized companies on the planet. In 2022, AppLovin gave up on efforts to buy gaming software developer Unity Software for $20 billion, after Unity shareholders rejected the bid.
Persons: AppLovin, Wells Fargo, FactSet . Oppenheimer, Stifel Nicolaus, Jefferies, Adam Foroughi, could've, Foroughi, mightily, Unity, LightShed's Brandon Ross Organizations: Nvidia, Revenue, FactSet, Wedbush, Google, Facebook, Apple, Orient, Unity Software, Unity Locations: BTIG, AppLovin, U.S
Newly public child care services provider KinderCare Learning has a standout strategy that could boost its profits well into the future, according to Goldman Sachs. Goldman Sachs led the KinderCare initial public offering at $24 a share last month. The company also serves families across all income demographics, including those that get subsidies for child care, which broadens its addressable market. Goldman estimates the domestic child care industry is worth about $76 billion, and predicts it should grow at an annual rate of about 6% long term. Tong expects KinderCare revenue to top that, rising between 6% and 9%, as it makes acquisitions of smaller providers and further cements its advantages as a large-scale player.
Persons: Goldman Sachs, George Tong, Tong, Goldman Organizations: KinderCare, New York Stock Exchange, Child Care Locations: U.S, KinderCare
Holger Schmieding, chief economist at Berenberg, noted that the three coalition partners have been acting "as if they were preparing to campaign against each other soon." Separately, the Green party's Robert Habeck, who is Germany's economy minister, proposed a policy plan to stimulate business investment that was criticized by the FDP. The Lindner paperAnother escalation took place on Friday, when Finance Minister Christian Lindner published a paper about reviving the struggling German economy. "The paper reads like a serious attempt to analyze Germany's problems and propose solutions. A hotly contested budgetA recent key issue within the coalition has been Germany's budget for 2025 — a topic that also features heavily in Lindner's paper.
Persons: Christian Lindner, Robert Habeck, Olaf Scholz, Sean Gallup, Chancellor Olaf Scholz's, Carsten Brzeski, Holger Schmieding, Scholz, Lindner, Greg Fuzesi, Morgan, Fuzesi, Berenberg's Schmieding Organizations: Climate, Bundestag, Getty, Chancellor Olaf Scholz's Social Democratic Party, SPD, Greens, Free Democratic Party, ING, FDP, Green, ZDF Locations: Berlin, Germany
Kennedy, who ran for president as an independent this year before dropping his bid and endorsing Trump, has long spread conspiracies and falsehoods about vaccines and other public health matters. Asked Sunday whether banning certain vaccines would be an option during a second term, the former president didn’t rule it out. “Well I’m going to talk to [Kennedy] and talk to other people, and I’ll make a decision, but he’s a very talented guy and has strong views,” Trump said. Robert F. Kennedy Jr., a vaccine skeptic, could be poised to play a central role in health if Trump is re-elected, according to NBC reporting. “You know, it’s possible.”Major public health groups support water fluoridation, and health groups also emphasize that the practice is safe.
Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, Trump, didn’t, ” Trump, Rebecca Noble, , , Howard Lutnick, Joe Rogan, Ohio Sen, JD Vance, Trump’s Organizations: NBC, NBC News, Trump Locations: Arizona, Ohio
NEW YORK — Abdi Nageeye of the Netherlands won the men’s race at the New York City Marathon on Sunday and Sheila Chepkirui of Kenya took the women’s event. Chepkirui was running New York for the first time and pulled away from defending champion Hellen Obiri in the women’s race. Kenya's Sheila Chepkirui crosses the finish line to win the women's elite race in the New York City Marathon on Sunday. The weather was perfect to run in with temperatures in the lower 40s when the race started. Last year, it was 61 degrees when the race started.
Persons: Abdi Nageeye, Sheila Chepkirui, Nageeye, Evans Chebet, Chebet, Chepkirui, Hellen Obiri, Obiri, Kenya's Sheila Chepkirui, Andrew Kelly, Reuters Obiri, Mary Keitany, Vivian Cheruiyot, Tamirat Tola, Albert Korir, Conner Mantz, Sara Vaughn, Vaughn, Marcel Hug, Daniel Romanchuk, Susannah Scaroni Organizations: New York City Marathon, Reuters, Kenya, Paris Olympic, Chicago Locations: Netherlands, Kenya, Central, New York, COVID, Staten Island, Central Park
In October, the Centers for Disease Control and Prevention recommended that high-risk adults get a second updated Covid vaccine to bolster their protection against the virus. No other vaccines are given at such a high frequency, but experts say there’s no reason to believe that the vaccines — and in particular, the mRNA vaccines from Pfizer and Moderna — aren’t effective. Pfizer’s and Moderna’s vaccines were the first to use mRNA technology to induce immunity to a virus, an approach that proved critical in the early days of the pandemic because mRNA vaccines can be developed much faster than traditional vaccines. Despite the CDC recommending an additional shot, there’s no evidence that the mRNA vaccines aren’t working as expected, said Akiko Iwasaki, a professor of immunology at the Yale School of Medicine. In a perfect world, the Covid vaccines would be able to be updated much faster to match the strains in circulation.
Persons: Akiko Iwasaki, Iwasaki, , , Ashish Jha, ” Jha, , Jha, I’ve, “ Topping, John Wherry, ” Wherry, Anna Durbin, ” Durkin, we’ll Organizations: Centers for Disease Control, Pfizer, Moderna, CDC, Yale School of Medicine, Emory University, Brown University School of Public Health, White, University of Pennsylvania, Johns Hopkins University School of Medicine
As Americans across the country voted early in record numbers ahead of Tuesday's election, it has become clear that they are motivated, arguably like never before. But it was my daughter's vote I placed inside the envelope," wrote David Frum on X (formerly known as Twitter) last week. She told NBC News that she had voted Democrat for many years before switching parties during the pandemic and will vote for Trump this year. Other issues she said are motivating her decision to vote for her daughter’s future are inflation and the price of groceries as well as her stance against mandatory vaccination policies during the Covid pandemic. “I chose freedom, decency and democracy — along with a bright, just and prosperous future for my five children and future grandchildren,” he wrote.
Persons: Kamala Harris, Donald Trump, David Frum, Frum's, Miranda, Frum, George W, Bush, Miranda “, , can’t, David Frum Audra Worlow, ” “, ” Worlow, Worlow, “ It’s, Cheryl Mooney, Mooney, , Mark Lyon, Jon Cooper, Harris, Tim Walz, Cooper Organizations: Twitter, Atlantic, NBC News, Trump, Democratic, Minnesota Gov Locations: Broadview Heights , Ohio, Hendersonville , Tennessee, Republican, Port Jefferson, Long, New York, ” Lyon, Suffolk County
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