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Two athletes die at World Triathlon Championships in Spain
18Oct By No Comments
World News

Two athletes die at World Triathlon Championships in Spain

No cause of death was given for either competitor (file image). Photo: 123RF By Sam Joseph, CNN Two athletes have died while participating at the World Triathlon Championships in Spain, the sport's governing body has confirmed. Both competitors - one from Mexico and one from Great Britain - were participating in the sprint category on the first day of competition at the Torremolinos-Andalucia Triathlon Championship Finals. "It is with deep sadness that we can inform that two participants (one from Mexico; one from Great Britain) have died at the World Triathlon Torremolinos-Andalucía AG Sprint Distance World Championships, taking place today, October 17," World Triathlon said in a statement. "Our deepest condolences go to their respective family, friends, National Federations and all th...
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BlackRock’s ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street
18Oct By Aditi PawarNo Comments
Business

BlackRock’s ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street

Marquee at the main entrance to BlackRock headquarters building in Manhattan.Erik Mcgregor | Lightrocket | Getty ImagesSALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of the first-ever spot bitcoin exchange-traded products in the U.S. Now investors are flocking in, and a lot of them are crypto enthusiasts who are new to Wall Street.Cohen, who heads up the asset manager's exchange-traded funds and index investments as chief investment officer, told CNBC that BlackRock now sees the demand was for a better way to access bitcoin. "It was for the ETF wrapper," she told CNBC on stage at the Permissionless Conference in Utah.The total market cap of all eleven spot bitcoin ETFs now tops $63 billion, wit...
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Spirit Airlines shares hit record low as Monday debt deadline looms
18Oct By Aditi PawarNo Comments
Business

Spirit Airlines shares hit record low as Monday debt deadline looms

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines shares closed at a fresh low on Friday ahead of a looming deadline to refinance more than $1.1 billion in debt.The airline's stock closed down roughly 3%, at less than $1.50 per share.The budget carrier had extended that deadline with credit card processor U.S. Bank to Monday, from a previous date in September.The Miramar, Florida-based airline has furloughed workers, slashed its schedule and deferred aircraft deliveries to save cash over the past year. Many of its planes have been grounded because of a Pratt & Whitney engine recall, it has reported weaker-than-expected bookings and i...
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King Charles III and Queen Camilla land in Sydney, marking first visit by reigning king to Australia
18Oct By No Comments
World News

King Charles III and Queen Camilla land in Sydney, marking first visit by reigning king to Australia

Britain's King Charles III and Queen Camilla arrive at Sydney International Airport in Sydney on 18 October 2024 for a six-day royal visit to Sydney and Canberra. Photo: AFP / POOL / BROOK MITCHELL King Charles III has become the first reigning king of Australia to visit the country. The monarch, accompanied by his wife Queen Camilla, arrived at Sydney Airport about 8.30pm on Friday, marking the royal couple's first royal tour to Australia since 2018. His mother Queen Elizabeth II became the first reigning monarch to tour the country when she visited in 1954. Among those who greeted Charles and Camilla were Governor-General Sam Mostyn, Prime Minister Anthony Albanese and NSW Premier Chris Minns. Queen Camilla was presented with a posy by 12-year-old Ky, who is living with a serious bloo...
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Port of LA cargo rail congestion hits two-year high ahead of holidays
18Oct By Aditi PawarNo Comments
Business

Port of LA cargo rail congestion hits two-year high ahead of holidays

A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California.Mario Tama | Getty Images News | Getty ImagesRecord imports over the last several months at the West Coast ports are leading to congestion on the rails, as holiday goods and everyday items pile up. Almost half of the containers bound by freight rail out of the Port of Los Angeles are waiting nine-plus days to get out of the port and onto the rail.Before the August and September container surges, the average rail dwell for the San Pedro Basin (which includes the Port of LA and Long Beach) was four days.In September, the Port of Los Angeles moved a total of 954,706 twenty-foot equivalent units making the month its best September ever. At the por...
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‘Vast majority’ of Liberal caucus support Trudeau: Freeland – National
18Oct By Aditi PawarNo Comments
Politics

‘Vast majority’ of Liberal caucus support Trudeau: Freeland – National

By Laura Osman The Canadian Press Posted October 18, 2024 2:49 pm 1 min read Descrease article font size Increase article font size Deputy Prime Minister Chrystia Freeland says she is “absolutely confident” the majority of Liberal MPs still support Prime Minister Justin Trudeau as leader. Her comments come ahead of what promises to be a tense meeting of the Liberal caucus in Ottawa next week as a growing number of MPs try to convince Justin Trudeau to step down.Several media reports have uncovered efforts by some Liberal MPs to confront the prime minister at the next caucus meeting. Get daily Nati...
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Dividend-paying health-care stocks could be in early days of a rally
18Oct By Aditi PawarNo Comments
Business

Dividend-paying health-care stocks could be in early days of a rally

It's time to step back into health-care stocks, according to Wolfe Research. The sector was one of the worst performing over the past month, pulling back over 4% from September to October, technical analyst Rob Ginsberg wrote in a note on Tuesday. "As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. If this is the case, stocks across the sector should reap the benefit." XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. With that in mind, CNBC Pro screened for stocks in the S & P 500 health-car...
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$5.5M for Jasper tourism recovery pledged by federal, provincial governments
18Oct By Aditi PawarNo Comments
Politics

$5.5M for Jasper tourism recovery pledged by federal, provincial governments

By Staff The Canadian Press Posted October 18, 2024 1:31 pm 1 min read Descrease article font size Increase article font size The Alberta and federal governments are putting a combined $5.5 million toward attracting tourists to the Rocky Mountain town of Jasper. A July wildfire destroyed one-third of the town, including multiple hotels and 800 housing units.Year-round tourism is Jasper’s main economic driver.Soraya Martinez Ferrada, the federal tourism minister, says Ottawa will spend $3 million on tourism advertising across the globe to attract visitors back to Jasper. Get weekly money news ...
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Fed rate cuts can boost this trade that’s a seasonal winner: Tom Lee
18Oct By Aditi PawarNo Comments
Business

Fed rate cuts can boost this trade that’s a seasonal winner: Tom Lee

One of Wall Street's reliable seasonal trends is about to come to flower, and this year there are solid fundamentals to power a rally, according to Fundstrat. Tom Lee, Fundstrat's head of research, said in an Oct. 17 note to clients that the firm is opening a six-month "tactical overweight" on the homebuilding sector. The six-month timeline counts on a strong seasonal pattern where homebuilders tend to rally from late October to late April. Since 1999, the group scores an average gain of 18.7% during the "golden six months" and an average decline of 2.3% outside that period, according to Fundstrat. While the reason for the historical trend is not clear, the fact that it currently coincides with a rate-cutting cycle for the Federal Reserve should lend homebuilders' stocks even more support,...
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Indian diplomats in Canada are ‘clearly on notice,’ Joly warns – National
18Oct By Aditi PawarNo Comments
Politics

Indian diplomats in Canada are ‘clearly on notice,’ Joly warns – National

Foreign Affairs Minister Melanie Joly says Indian diplomats in Canada are “on notice” after she was asked whether more expulsions could come amid the diplomatic row between India and Canada. “They’re clearly on notice,” Joly said in response to the question, speaking of other Indian diplomats following the expulsion of six earlier this week.“Clearly we won’t tolerate any diplomats that are in contravention of the Vienna Convention and clearly any diplomats from any country from around the world that would be putting the lives of Canadians at risk.”Joly’s comments come just days after both countries expelled each other’s diplomats on Monday, with Ottawa having done so “in relation to a targeted campaign against Canadian citizens by agents linked to the government of India.”Global News has l...
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