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

18Oct

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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...

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...

‘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...

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...

$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 ...

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,...

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...

18Oct

By Aditi PawarNo Comments

Business

Procter & Gamble (PG) Q1 2025 earnings

Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales.The company's organic sales in Greater China, its second-largest market, fell 15% in the fiscal first quarter. As home prices drop and jobless rates rise in the country, shoppers have pulled back their spending, hurting P&G's sales for shampoo, diapers and other consumer staples.While executives maintained their confidence in China long term, demand isn't expected to recover for at least several more quarters."The market continues to be weak and will be weak, we believe, for a number of quarters to come," CFO Andre Schulten said on a call with the press.P&G's outlook for China didn't take into account the Chinese government's recently announced plans to boost the...

5 things to know before the stock market opens Friday, October 18

18Oct

By Aditi PawarNo Comments

Business

5 things to know before the stock market opens Friday, October 18

Here are five key things investors need to know to start the trading day:1. Markets2. Netflix shares jumpThe word "Netflix" shines brightly at the presentation of the new season 3 of the Netflix series "Bridgerton" on May 14, 2024.Rolf Vennenbernd | Picture Alliance | Getty ImagesShares of Netflix jumped in U.S. premarket trading after the company reported third-quarter earnings that beat expectations. The streaming giant reported earnings of $5.40 per share, higher than the LSEG consensus estimate of $5.12 per share. Revenue was $9.83 billion, also higher than the $9.77 billion expected by analysts. While not yet its primary driver of growth, Netflix's ad-tier memberships jumped 35% quarter over quarter, and the company plans to launch the service in Canada during the coming quarter and m...

How artist L.S. Lowry became 2024’s unexpected winter style pin up: best winter coats inspired by Northern painter’s work

18Oct

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Life Style

How artist L.S. Lowry became 2024’s unexpected winter style pin up: best winter coats inspired by Northern painter’s work

The sight of the art set as they descended on Mayfair over Frieze last week was a something spectacular to behold — a guffawing, Birkin-bumping crowd, shuffling into the Old Masters tent after champagne on Berkeley Square. En masse, they were a vision of black Issey Miyake pleats and neon On trainers. However, it was in a corner of the Richard Green gallery space at Frieze Masters where the true winter style inspiration could be found. L.S Lowry’s (1887 – 1976) matchstick men, working in wintery, industrial towns and wearing perfect, dark overcoats, flat caps and bulky, black leather boots. As far as 2024 winter pin ups go, the Stretford-born artist was not on the bingo card. The new Lowry look: Private White V.C.’s capsule campaign shot Private White V.C.But it’s not just the gallerists w...