Finance
Citi analyst is optimistic that the cruise sector rally will continue into 2025 and beyond.Image source: Norwegian Cruise Line.Cruise lines pop after Citi raises price targetsCarnival (+7.8%), Royal Caribbean (+4.7%), and Norwegian Cruise Line (+10.1%) all traded higher after Citigroup updated share-price targets that reflect positive outlooks. The analyst is…
WASHINGTON – Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort to balance confidence on inflation with worries over the labor market, according to minutes released Wednesday.The meeting summary…
By Shariq Khan NEW YORK (Reuters) – Nearly a quarter of fuel pumps in Florida were out of gasoline on Wednesday morning as residents rushed to evacuate ahead of Hurricane Milton’s landfall, potentially one of the most destructive ever to hit the state’s Gulf Coast. More than a million people…
By Andy Sullivan, Matt Tracy and Michelle Conlin (Reuters) – Hurricane Milton threatens to swamp Florida’s troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that already has the highest insurance costs in the nation. The mammoth storm, which analysts estimate could cause $60 billion…
Hurricane Milton is probably not the last hurricane we’ll see this season, experts told BI.NOAA predicted up to 13 hurricanes before the season’s end. We’ve had nine so far.Abnormal summer weather patterns have shifted, improving conditions for tropical storms to form and grow. After an unseasonably quiet August, the Atlantic…
The Dow surged over 300 points Wednesday as investors awaited the release of the Federal Reserve minutes at 2 p.m. Also getting attention is this week’s coming inflation report, which will provide further insight into the state and the direction of the economy. Moreover, oil prices have declined, boosting investors’…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 rose to a new record high Wednesday. There was no specific catalyst for the move,…
By Gus Trompiz and Michael Hogan PARIS (Reuters) – Algeria excluded French companies from a wheat import tender this week and required that participating firms did not offer French-origin wheat, in apparent fallout from renewed diplomatic tensions between Algiers and Paris, trading sources said. The move, echoing a dispute three…
As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Thursday, October 10, 2024. The Consumer Price Index (CPI), Core CPI, and Initial Jobless Claims will be in the spotlight, providing key insights into inflation trends…
Amazon’s cash balance is expected to reach almost $400 billion by 2027, far outpacing tech rivals.This cash gusher stems from record profits, cost-cutting, and success in cloud and advertising.Shareholders will want some of this money. So far, Amazon is investing in AI and other growth plans. Amazon’s ballooning cash balance…
