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Spectrum is the second largest U.S. cable provider, serving 14.7 million homes across large markets such as New York and Los Angeles. Shares of Disney dropped 2.65% to a three-year low while Charter lost 3.4%. Warner Brothers Discovery Inc (WBD.O) fell 10%, Fox Corp (FOXA.O) shed 6%, Paramount Global (PARA.O) dropped 8%, while Comcast Corp (CMCSA.O), the largest U.S. cable provider, was down nearly 3%. Charter said Disney rejected its proposal for a new distribution deal that takes into account the rise of competing low-cost streaming services, which has fueled cord-cutting among its customers. The cable provider said it pays Disney $2.2 billion in annual programming costs, excluding advertising.
Persons: Brendan McDermid, Hogan, Disney, Dennis Dick, Chibuike Oguh, Amruta Khandeka, Khushi Singh, Michelle Price, Richard Chang Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Fox Corp, Warner Brothers Discovery Inc, Disney, Charter Communications, ESPN, ABC, Hollywood, Charter, Paramount Global, Comcast Corp, U.S, Riley, Triple D, Thomson Locations: New York, U.S, Los Angeles, Hollywood, Bengaluru
Agnetha Fältskog: ABBA legend releases new single
  + stars: | 2023-08-31 | by ( Jack Guy | ) edition.cnn.com   time to read: +2 min
CNN —Agnetha Fältskog of legendary Swedish pop group ABBA has relaunched her solo career with a new single. Speaking with BBC Radio 2 host Zoe Ball before the track was played on Thursday, Fältskog said the single was made with “a good feeling.”Benny Andersson (left), Agnetha Fältskog (center-left), Anni-Frid Lyngstad (center-right) and Bjorn Ulvaeus (right) of ABBA. Benny Andersson (left), Anni-Frid Lyngstad (center-left), Agnetha Fältskog (center-right) and Bjorn Ulvaeus (right) in 1974. I live and I sleep with music,” Fältskog said. Asked how it felt to hear the single on the radio, Fältskog said: “It feels good.
Persons: , Zoe Ball, Fältskog, , ” Benny Andersson, Agnetha, Anni, Frid, Bjorn Ulvaeus, Dave J Hogan, ” Fältskog, Jörgen Elofsson, Benny Andersson, Olle Lindeborg, It’s, I’m, Ball, Mamma Mia, Frida ” Lyngstad, Björn Ulvaeus – Organizations: CNN, BBC Radio, ABBA, BBC, Getty Locations: Swedish, AFP, Sweden
Retail pasta prices rose about 12% this year in Europe and 8% in the United States, according to market research firm Nielsen. CANADA DRYWhen the Prairies turned dry this summer, Canadian farmer Darold Niwa saw hopes of a bumper durum harvest dashed. Durum, the hardest wheat, produces pasta with the prized "al dente" firm texture, unlike soft wheat. In the meantime, Vincenzo Martinelli, president of the durum section of Italian millers association Italmopa, nervously awaits the outcome of the Canadian harvest. "Without Canada, prices will only go up," he said.
Persons: De, Continental Noodles, Vincent Liberatore, Liberatore, Darold Niwa, Jerry Klassen, Philip Werle, There's, Severine, Maisons, Vincenzo Martinelli, Gus Trompiz, Rod Nickel, Emilio Parodi, Ceyda, Julie Ingwersen, Michael Hogan, Caroline Stauffer, David Gregorio Our Organizations: Foods, Nielsen, Grains, CANADA, Prairies, Statistics, Traders, Northstar, European Union, Thomson Locations: Fara San Martino, Italy, PARIS, WINNIPEG , Manitoba, Canada, Turkey, Toronto, Continental, Spain, India, Europe, United States, Oyen , Alberta, durum, Statistics Canada, France, Algeria, TURKEY, Turkish, American, Russia, North Africa, Milan, Ceyda Caglayan, Istanbul, Chicago, Hamburg
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. The Labor Department's Job Openings and Labor Turnover Survey (JOLTS), showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. The S&P 500 communication services sector (.SPLRCL) rose 2.6%, while consumer discretionary (.SPLRCD) and technology (.SPLRCT) stocks gained 1.9% each. The non-farm payrolls report on Friday will offer investors more clarity about the state of the labor market. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Carlo Allegri, Elliott, Hogan, Jerome Powell's, drugmaker, decliners, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, U.S . Federal Reserve, Labor, Conference Board, Riley, Microsoft, Nvidia, Google, Elliott Investment Management, Dow Jones, Verizon, Citi, PDD Holdings, NYSE, Thomson Locations: New York, United States, Bengaluru
Notably, the company froze salaries this year and cut its budget for bonuses and stock awards. An internal guide tells managers how to answer when employees ask how those changes impact pay. And now a guide for managers conducting performance reviews, viewed by Insider, instructs managers on how to answer when employees ask how these budget cuts impact an individual's pay. Managers should not use the budget cuts as an "explanation" for compensation decisions for individual employees and instead should emphasize that the employee's own "impact" determines "rewards." "Using budgets or factors besides the employee's impact as an explanation for an employee's rewards will erode trust and confidence within your team," the guide continues.
Persons: Satya Nadella, Kathleen Hogan, Hogan, Ashley Stewart Organizations: Microsoft, Insider
The mayor of New York City aims to turn old office buildings into 20,000 new apartments. The Manhattan-based architect John Cetra, who has worked on office conversions since the 1980s, calls it "the amenity war." His firm, CetraRuddy, recently announced it's leading the conversion of a 30-story office building, formerly home to Goldman Sachs, in Manhattan's financial district. Adams' goal is to create up to 20,000 new homes for 40,000 New Yorkers in converted office buildings over the next decade. AdvertisementAdvertisementNew York City has already had some success in converting office buildings to homes.
Persons: you'll, they've, everyone's, Steven Paynter, we've, John Cetra, it's, Goldman Sachs, Cetra, Eric Adams, Paynter, He's, who's, Adams, We've, Dan Garodnick, Mark Hogan, Hogan, Charles Bloszies, I've, that's, Bloszies, Garodnick, Arpit Gupta Organizations: Service, CetraRuddy, York, US Department of Housing, Urban Development, Yorkers, New York City's Department of City Planning, San Francisco, Supervisors, New York Stock Exchange, NYU Stern School of Business, Research Locations: New York City, Wall, Silicon, York, San Francisco, Manhattan, Toronto, Calgary , Alberta, York City, Francisco, New York
US stocks rose higher as traders waited for Powell's speech at Jackson Hole. Last year, stocks plunged after Powell warned markets of "more pain" ahead. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementUS stocks rose Friday ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. Powell's speech at the same event last year sent stocks plummeting as he reiterated the central bank's committement to fighting inflation through interest rate hikes. At last year's event, stocks plunged after Powell warned markets of "more pain" ahead, as the Fed would continue to stay hawkish on inflation.
Persons: Jackson, Powell, Jerome Powell's, Riley, Art Hogan Organizations: Investors, Service, Federal, Jackson, Fed, Riley Wealth, Nasdaq Locations: Wall, Silicon
Nvidia's blowout quarter was a positive signal for stocks, but maybe not at just this moment, some investors say. "We're bullish on the market, but more in the fourth quarter than the fall," said Infrastructure Capital Management CEO Jay Hatfield. The investor expects the S & P 500 will close the year up at 5,000, which is roughly 12% above where the index closed Wednesday. On Thursday, the major averages turned lower during midday trading after a boost from Nvidia earnings results faded . For the month of August, the Dow Jones Industrial Average and S & P 500 are down by more than 3%, each.
Persons: Jay Hatfield, Hatfield, hasn't, Hogan, Vital, Adam Crisafulli Organizations: Capital Management, Nvidia, Dow Jones Industrial, NVIDIA, Wall, Riley
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. The reports came ahead of a speech by Fed Chair Jerome Powell at an annual central bank summit in Jackson Hole on Friday that would offer more clues on the direction for the U.S. interest rates. "The Jackson Hole last year was not good for markets. So you've got a little bit of a down shift into a wait-and-see mode to ascertain what Powell is going to sound like this year at Jackson Hole," said Hogan. Advancing issues outnumbered decliners by a 1.29-to-1 ratio on the NYSE and for a 1.29-to-1 ratio on the Nasdaq.
Persons: Robert Galbraith, Jerome Powell's, there's, Hogan, Jerome Powell, Jackson, you've, Powell, Amruta Khandekar, Shreyashi Sanyal, Shristi, Savio D'Souza, Shinjini Organizations: Nvidia, REUTERS, Dow, Nasdaq, Federal, Riley, Microsoft, Apple Inc, Investors, Labor Department, Reuters, Traders, Dow Jones, Boeing, NYSE, Thomson Locations: Santa Clara , California, Jackson, Bengaluru
[1/2] The Macy's logo is displayed on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. A bellwether for back-to-school demand, Foot Locker joined rival Dick's Sporting Goods (DKS.N) on Wednesday to cut annual profit forecast, sending the shares of sportswear retailers tumbling. "We did see a softening in trends in July and are adjusting our 2023 outlook to allow us to best compete for price-sensitive consumers," Foot Locker CEO Mary Dillon said. Walmart last week raised its full-year forecasts and beat second-quarter results, benefiting from strong demand for its low-priced groceries. Reporting by Ananya Mariam Rajesh and Aishwarya Venugopal in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, Cristina Fernandez, Foot Locker, Mary Dillon, Macy's, Adrian Mitchell, Locker, Thomas Hayes, Hogan, Ananya Mariam Rajesh, Aishwarya Venugopal, Arun Koyyur Organizations: New York Stock Exchange, REUTERS, Dick's Sporting, Target, Walmart, Riley Wealth, Thomson Locations: Manhattan , New York City, U.S, Bengaluru
The GOP front-runner is expected to surrender, potentially for fingerprinting and a mug shot, on Thursday or Friday, a senior law enforcement source told CNN. His legal quagmire is likely to yet again dominate the GOP race, drowning out rivals who have so far largely failed to exploit Trump’s four indictments. It’s a tactic that appears to be working among GOP primary voters given his wide polling lead thus far. Ron DeSantis – announced that, as expected, he’d skip the debate in Milwaukee. Asa Hutchinson, said on CNN’s “State of the Union” on Sunday that Trump’s legal troubles will force every Republican on the debate stage to show their hand.
Persons: Donald Trump, , That’ll, Trump, he’s, quagmire, Joseph Stalin, Mao Zedong, Joe Biden’s, Fani Willis, Biden, Ron DeSantis –, ” Trump, , Chris Christie, Asa Hutchinson, , “ Donald Trump, ” Hutchinson, Kasie Hunt, Christie, Hutchinson, Tucker Carlson, Larry Hogan Organizations: CNN, GOP, Trump, Post, Republican, CBS News, Florida Gov, Truth, New, New Jersey Gov, CBS, Arkansas Gov, Fox, Maryland Gov Locations: Atlanta, Georgia, Fulton County, Milwaukee, Fulton, Florida, Manhattan, Wisconsin, New Jersey, Arkansas, “ State
The yield on the 10-year Treasury note hit a ten-month high of 4.328% in the previous session and came within a whisker of its highest level since 2007. The communication services (.SPLRCL) and technology (.SPLRCT) sectors housing major growth stocks fell 1.6% and 1.0% respectively. With no major economic data due on Friday, focus will now shift to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole economic symposium next week as well as earnings from chip designer Nvidia (NVDA.O). Declining issues outnumbered advancers for a 1.08-to-1 ratio on the NYSE and for a 1.00-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week highs and 17 new lows, while the Nasdaq recorded 10 new highs and 146 new lows.
Persons: Jason Reed, Estee Lauder, Hogan, EL.N, Jerome Powell's, advancers, Amruta Khandekar, Maju Samuel Organizations: U.S . Federal, REUTERS, Dow, Nasdaq, Riley, Apple, Microsoft, Nvidia, Alibaba, Federal, Dow Jones, Inc, NYSE, Thomson Locations: Washington, U.S, Maui
An employee arranges shopping carts outside a Walmart store in Chicago, Illinois, U.S., November 20, 2018. Shares in Walmart, which have climbed 12.3% this year, were up about 3% in premarket trading. Smaller rival Target (TGT.N) on Wednesday beat quarterly profit estimates, benefiting from leaner inventory, but in contrast to Walmart, cut its forecast for the year. Online sales rose 24% in the second quarter, mainly driven by double-digit growth in store-fulfilled pickup and delivery. The company's global advertising business, called Walmart Connect, rose 35%.
Persons: Kamil Krzaczynski, Hogan, John David Rainey, Aishwarya Venugopal, Siddharth Cavale, Sriraj Kalluvila, Sharon Singleton Organizations: Walmart, REUTERS, Walmart Inc, Riley, Walmart's, Wednesday, Thomson Locations: Chicago , Illinois, U.S, United States, Bengaluru, New York
Emma Willits, a mental health counselor from Des Moines, is looking for a candidate who cares about climate change and universal health care. He said he voted for Donald J. Trump twice and would probably do so again, if the former president wins his party’s nomination for a third time. But Mr. Hogan, too, would like more options. “These two jokers compared to Ronald Reagan?” said Mr. Hogan, a 58-year-old retiree from Pella, a small town an hour southeast of Des Moines. “Come on.”In an era when American politics are defined by discord, there’s one issue on which voters across the divided political landscape appear to be able to find common ground: Please, not another round of this.
Persons: Emma Willits, Biden, John Hogan, shushed, Donald J, Trump, Hogan, Ronald Reagan, Locations: Des Moines, Willits, Pella
Chris Hondros | Getty Images News | Getty ImagesBEIJING — The Biden administration's long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented. "The executive order obviously gives an outline of what the program's scope is going to be like," said Brian P. Curran, a partner, global regulatory at law firm Hogan Lovells in Washington, D.C. "It's not even a proposed rule. U.S. President Joe Biden on Wednesday signed an executive order aimed at restricting U.S. investments into Chinese semiconductor, quantum computing and artificial intelligence companies over national security concerns. This week's announcements don't explicitly prohibit U.S. investments into Chinese businesses, but the documents indicate what policymakers are focused on. But the Treasury said it may request information about transactions completed or agreed to since the issuance of the executive order.
Persons: Goldman Sachs, Chris Hondros, Biden, Brian P, Curran, Hogan Lovells, It's, Joe Biden, Janet Yellen, Winston Ma, what's, We've, Anne Salladin, Jonathan Levy, Pitchbook Organizations: U.S, Getty, Wednesday, Treasury Department, NYU Law, CIC, Treasury, University, Bank, Global, University of Chicago, China VC, China Locations: New York, BEIJING, Washington ,, China, U.S, Greenfield, United States, Pitchbook
WeWork's rise and fall offers a stark warning for the AI era. Companies racing for glory in the AI era would do well to learn from the over-exuberance in the WeWork saga. Since the launch of ChatGPT last year, private tech investors have abandoned their temporary pullback in startup investment to throw money at almost any company with AI in the name. ChatGPT's creator OpenAI has bagged billions of dollars from Microsoft, while venture capitalists announced $10.7 billion of generative AI startup deals in the first quarter of the year, per data firm Pitchbook. But equally, investors would be wise to learn from WeWork and look under the hood of any AI firm claiming it will fundamentally alter any market.
Persons: OpenAI, Adam Neumann, Jackal Pan, Getty Images Neumann, , It's, Sam Hogan Organizations: Microsoft, Visual China, Getty Images Locations: American
Of all the great flesh-and-blood cartoons of 1980s popular culture — Hulk Hogan, Madonna, Mr. T — the one easiest for small children to relate to was Pee-wee Herman. In reality, Pee-wee Herman was nothing like us at all, a dreamy man-child in a red bow tie whose sugary smile could curl into a punky scowl. A singular piece of comic performance art for a mass audience, Pee-wee Herman stood out in every form he appeared in, whether improv theaters, late-night talk shows, the movies or Saturday morning television. The world of Pee-wee is full of this loopy surrealism that could veer into innuendo but never got dark. It was always welcoming, wildly diverse, profoundly silly.
Persons: Hulk Hogan, Madonna, Herman, wee Herman, Paul Reubens
Rhine river levels in Germany back to normal after rain
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Stephane Nitschke/File PhotoHAMBURG, Aug 2 (Reuters) - Heavy rain has raised water on the river Rhine in Germany to levels allowing cargo vessels to sail fully loaded, data from German inland waterways agency WSA said on Wednesday. Commodity traders said full loads could now be taken on by ships along the entire river in Germany. German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy, major cargo shippers told Reuters. The Rhine is an important shipping route for commodities such as grains, minerals, coal and oil products, including heating oil. German companies faced supply bottlenecks and production problems in the summer of 2022 after a drought and heat wave led to unusually low water levels on the Rhine.
Persons: Stephane Nitschke, Pegelonline, Kaub, Michael Hogan, Sharon Singleton Organizations: REUTERS, WSA, Reuters, Thomson Locations: Ludwigshafen, Germany, Cologne
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFitch's credit downgrade should be wake up call for the U.S. government, says B. Riley's Art HoganKathryn Rooney Vera, Chief Market Strategist at StoneX, and Art Hogan, Chief Market Strategist at B. Riley Wealth Management, join 'Last Call' to talk Fitch's downgrade of U.S. credit, the state of the markets, the U.S. debt ceiling and more.
Persons: Hogan Kathryn Rooney Vera, Art Hogan Organizations: U.S ., Riley Wealth Management Locations: U.S
Of all the great flesh-and-blood cartoons of 1980s popular culture — Hulk Hogan, Madonna, Mr. T — the one easiest for small children to relate to was Pee-wee Herman. In reality, Pee-wee Herman was nothing like us at all, a dreamy man-child in a red bow tie whose sugary smile could curl into a punky scowl. A singular piece of comic performance art for a mass audience, Pee-wee Herman stood out in every form he appeared in, from improv theaters to late-night talk shows to the movies to Saturday morning television. His appearances on that most ironic of late-night shows were like invasions from Candy Land. You laughed not because the jokes were funny, but because they were told with such commitment to the fun of it all.
Persons: Hulk Hogan, Madonna, Herman, wee Herman, Paul Reubens, David Letterman, , Brother Theodore, Harvey Pekar, Andy Kaufman Locations: Candy
Dow Jones index set to end 13 day winning streak
  + stars: | 2023-07-27 | by ( Noel Randewich | ) www.reuters.com   time to read: +3 min
Its recent rally comes as traders widely believe that the U.S. Federal Reserve's 25 basis point rate hike on Wednesday was the last in its campaign to control inflation. The Dow's longest-ever winning streak was 14 sessions, set in 1897, according to S&P Dow Jones Indices. Even after its recent gains, the Dow has lagged Wall Street's other main indexes in 2023. Reuters GraphicsWhile the Dow's recent winning streak is unusually long, its overall strength has not been exceptional. The Dow's last 13-day winning streak in January 1987 produced a gain of 11.1%.
Persons: Dow, Hogan, Tesla, it's, darlings, Noel Randewich, Alison Williams Organizations: Dow Jones, Dow, Reuters, U.S, U.S . Federal, Riley, Nvidia, Apple, Microsoft, Chevron, Verizon Communications, Walgreen Boots Alliance, Nasdaq, Thomson Locations: U.S ., Amgen
MLB roundup: Benches clear, Rangers slam Astros
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +12 min
He gave up two runs on eight hits over 6 2/3 innings with no walks and three strikeouts. Javier Assad (1-2) was the winner with 1 2/3 innings out of the bullpen. Baltimore starter Kyle Bradish (6-6) gave up seven hits and five runs with three strikeouts and two walks in 6 2/3 innings. Joe Ryan (9-7) absorbed the loss in allowing four runs on seven hits over 3 2/3 innings. Marsh (0-5) allowed four runs and five hits in 2 2/3 innings, striking out three and walking four.
Persons: Jeremy Pena, Marcus Semien, Erik Williams, Adolis Garcia, Framber Valdez, Seth Martinez, Garcia's, Martin Maldonado, Houston's Yordan Alvarez, plunked, Nathaniel Lowe, Sam Huff, Andrew Heaney, Alex Bregman, Yainer Diaz, Freddy Peralta, Tyrone Taylor, Peralta, Elvis Peguero, Ben Lively, Taylor, Carlos Rodon, Oswald Peraza, Isiah Kiner, Falefa, Anthony Volpe, Jose Quintana, Nico Hoerner, Ian Happ, Happ, Cody Bellinger, Javier Assad, Adbert Alzolay, Joe Kelly, Louis, Nolan Gorman, Lars Nootbaar, Paul Goldschmidt, Andrew Knizner, Christian Walker, Emmanuel Rivera, Walker, Jake McCarthy, Corbin Carroll, Edmundo Sosa, Realmuto, Jake Cave, Nick Castellanos, Bryce Harper, Seranthony Dominguez, Adley Rutschman, Austin Hays, Kyle Bradish, Dylan Moore, Julio Rodriguez, Bryce Miller, Miller, Andres Munoz, Christian Vazquez, Matt Wallner, Edouard Julien, Vazquez, Trevor Larnach, Kyle Farmer, Joe Ryan, Sandy Alcantara, National League Cy Young, Alcantara, Luis Arraez, Jacob Stallings, Zach Eflin, Austin Slater, J.D, Davis, Oakland's Jace Peterson, Shea Langeliers, Alex Wood, Wilmer Flores, Slater, Michael Conforto, Hogan Harris, Wood, Tyler Rogers, Luke Jackson, Rogers, Jackson, CJ Abrams, Daniel Bard, Matt Koch, Bard, Abrams, Peter Lambert, Andres Machado, Elehuris Montero, Ryan McMahon, Michael Toglia, Whit Merrifield, Yusei Kikuchi, Merrifield, Danny Jansen, Bo Bichette, Tony Gonsolin, Enrique Hernandez, Johan Oviedo, David Bednar, Ji Man Choi, Bryan Reynolds, Carlos Santana, Seth Lugo, Rafael Devers, Casas, Adam Duvall, Justin Turner, Turner, Connor Wong, Brayan Bello, Joe Jacques, Ozzie Albies, Albies, Jose Ramirez, David Fry, Gabriel Arias, Gavin Williams, Nick Sandlin, Williams, Alec Marsh, Marsh, MJ Melendez, Salvador Perez, Freddy Fermin, Michael Massey Organizations: Houston Astros, Texas Rangers, USA, Rangers, American League West, Astros, Houston, Texas, Brewers, Reds, Milwaukee, Cincinnati, National League Central, Yankees, Mets, New, Yankee, Cubs, White Sox, Chicago, Cardinals, Diamondbacks, Phillies, Orioles, Philadelphia, Baltimore, Mariners, Seattle, Marlins, Rays, Miami, Tampa, National League, MLB, Giants, Oakland, Rockies, Washington, Colorado, Nationals, Blue Jays, Dodgers, Toronto, Los Angeles, Pirates, Padres, Pittsburgh, San Diego, Oviedo, Red Sox, Braves, Boston, Atlanta, Royals, Cleveland, Kansas City, Guardians, Thomson Locations: Houston , Texas, USA, Semien, Colorado, New York, Arizona, St, Phoenix, Baltimore, Minnesota, Minneapolis, St . Petersburg, Fla, Tampa, Francisco, Los, Los Angeles
HAMBURG, July 26 (Reuters) - Heavy rain has raised water levels on the Rhine in Germany, but the river is still too shallow in central northern areas for cargo vessels to sail fully loaded, commodity traders said on Wednesday. As increasingly frequent low water on the Rhine disrupts Europe's largest economy, its industry is finding new ways to ship cargoes, including the use of low-water barges. "So far this summer we have had enough rain to prevent a crisis on the river," one commodity trader said. "Low water has increased costs but cargo has been delivered." German companies faced supply bottlenecks and production problems in summer 2022 after a drought and heat wave led to unusually low water levels on the Rhine.
Persons: Michael Hogan, John Stonestreet Organizations: Thomson Locations: HAMBURG, Germany, Koblenz, Cologne, Duisburg
[1/2] An Alaska Airlines Boeing 737-900ER airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File PhotoJuly 25 (Reuters) - U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group (ALK.N) and a warning on jet engines by aerospace giant RTX (RTX.N). Alaska's shares plunged 11.2% in morning trade, dragging United Airlines (UAL.O), American Airlines (AAL.O), Southwest Airlines (LUV.N) and Delta Air (DAL.N) down between 2.5% and 5%. Jetblue's shares fell about 5%, while those of ultra-low-cost carrier Spirit Airlines declined about 3%. Paris-listed shares of Airbus (AIR.PA) fell 2%.
Persons: Ben Nelms, Stephen Trent, Whitney, Art Hogan, You've, Shivansh, Johann M Cherian, Tim Hepher Organizations: Alaska Airlines Boeing, REUTERS, Alaska Air Group, Investors, Citi, United Airlines, American Airlines, Southwest Airlines, Delta Air, Raytheon, Pratt, Airbus, Riley Wealth, Spirit Airlines, Jetblue Airways, Thomson Locations: Richmond , British Columbia, Canada, Alaska, Boston, Paris, Bengaluru
Port infrastructure on the Danube river is the target this time," regional governor Oleh Kiper wrote on the Telegram messaging app. Global wheat and corn futures rose sharply on concern that Russia's attacks and more fighting, including a drone strike on Moscow, could threaten grain exports and shipping. "Russia has in the past months not attacked Ukraine's overland and inland waterways grain infrastructure," one European trader said. Another European grain trader said: "It’s clearly an attack on additional Ukrainian grain export infrastructure. "Russia hit another Ukrainian grain storage overnight," Foreign Minister Dmytro Kuleba wrote on Twitter.
Persons: Oleh Kiper, Reni, Odesa, Dmytro Kuleba, Valentyn Ogirenko, Michael Hogan, Tom Balmforth, Timothy Organizations: Press Service, Operational Command, Ukrainian Armed Forces, Russia, Ukraine KYIV, European Union, Romania, Police, Maersk Group, Twitter, Ukraine's National Security, Defence Council, Timothy Heritage, Thomson Locations: Russian, Ukraine, Odesa Region, Russia, Kyiv, Port, Moscow, Reni, NATO, Romanian, Africa, Asia, Hamburg
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