Celestyal has introduced an array of shore excursions for its upcoming “Heavenly Adriatic” itinerary, featuring a selection of 35 tours, as per the company’s press release. Scheduled to set sail on the Celestyal Journey starting March 2, 2024, the seven-night itinerary will embark from Greece, venturing into three novel countries – Croatia, Montenegro, and Italy. The journey will encompass six new ports of call – Kefalonia, Dubrovnik, Kotor, Corfu, Bari, and Katakolo. The shore excursion options include both half-day and full-day activities, presenting eight “Authentic Encounters” that promise hands-on engagement with locals in groups limited to 20 guests or fewer.…
Author: Sam Allcock
Intel has announced a delay in the construction timeline for its chip manufacturing plant in Ohio, citing business conditions and the demand environment. The company’s spokesperson mentioned that managing large-scale projects involves adapting to changing timelines and emphasized their decision-making being anchored in market dynamics and responsible capital management. The initial plan had chip-making set to begin in 2025, but the completion of the project’s manufacturing facilities is now expected by late 2026, as reported by the Wall Street Journal. In January 2022, it was reported that Ohio had won the bid against 40 other states to host Intel’s new…
In recent news, Samsung is speculated to introduce a more affordable variant of the Galaxy Z Fold 6, alongside the standard Galaxy Z Fold 6 and Galaxy Z Flip 6 later this year. However, the focus remains on what enhancements the regular Galaxy Z Fold 6 might bring, especially addressing users’ demands for a wider cover screen. There are indications that Samsung might fulfill this request, as suggested by recent reports and a newly filed patent (US 11,889,006 B2) with the United States Patent and Trademark Office (USPTO). This patent outlines a foldable smartphone design technology that has the potential…
The Texas Railroad Commission, responsible for regulating the state’s oil and gas industry, has taken a confrontational stance against the Biden Administration’s methane rule. This regulation, issued by the U.S. Environmental Protection Agency (EPA) in December, specifically addresses methane emissions in the oil and gas production process. Seeking legal action, the commission has urged the Texas attorney general to sue the administration. This move comes on the heels of another action by Texas Railroad Commissioner Wayne Christian, who recently penned a letter to President Joe Biden and Energy Secretary Jennifer Granholm, expressing dissatisfaction with the Administration’s temporary halt on new…
Super Micro Computer experienced a substantial surge in its stock, reaching nearly 10% to achieve a new record high in after-hours trading on Monday. This surge continues the recent rally fueled by the growing demand in the artificial intelligence (AI) sector. The company, known for selling servers, provided a sales projection for the upcoming quarter that exceeded expectations, further propelling the stock. Headquartered in San Jose, California, Super Micro Computer’s positive report after the market closed also had a positive impact on Nvidia’s shares, contributing to a 1.2% increase. This followed a 2.3% gain in Nvidia’s shares during the regular…
In the early hours of Monday morning, Dow Jones futures showed minimal changes, mirroring the stability seen in S&P 500 futures and Nasdaq futures. The upcoming week promises a flurry of economic news, particularly in the realm of earnings reports. Last week witnessed the continuation of the stock market rally, marking fresh record highs for the Dow Jones and S&P 500 on Friday. However, the Nasdaq faced challenges in maintaining its upward trajectory after midday on Wednesday. A significant wave of tech earnings is anticipated this week, featuring major players such as Apple (AAPL), Microsoft (MSFT), Meta Platforms (META), Google…
Yields on U.S. Treasury bonds with longer maturities experienced a decline on Friday as investors assessed recent economic data and anticipated upcoming inflation indicators. The yield on the 10-year Treasury note dropped by 1 basis point to 4.118% at 6:32 a.m. ET, while the 30-year bond yield also decreased by 1 basis point to 4.365%. In contrast, the 2-year Treasury note’s yield remained unchanged at 4.316%. Notably, yields move inversely to bond prices. This shift followed the release of fourth-quarter gross domestic product (GDP) data for the U.S., which surpassed expectations by exhibiting annualized growth of 3.3%, exceeding economists’ projections…
Nokia surpassed profit expectations and anticipates a rebound in demand during the latter half of the year. Despite sluggish sales in 5G equipment, the Finnish telecom gear maker achieved a better-than-expected quarterly operating profit by effectively managing costs. Telecom equipment suppliers like Nokia and competitor Ericsson are bracing for a challenging year due to reduced investments by mobile operators in new 5G gear. The 2023 capital expenditure of U.S. telecom operator Verizon dropped to $18.8 billion from $23.1 billion in 2022, with plans to further cut spending to a range between $17 billion and $17.5 billion this year. Weaker demand…
Danish shipping giant Maersk has announced a prolonged diversion of its vessels away from the Red Sea, citing safety concerns amid a series of attacks by Houthi militants. The decision to extend this diversion indefinitely comes as a response to the continuously evolving and highly volatile security situation in the region, as confirmed by available intelligence. In a statement, Maersk emphasized their commitment to ensuring more consistency and predictability for customers, albeit acknowledging potential delays in deliveries due to this strategic rerouting. This redirection circumvents the usual Europe-Asia route via Egypt’s Suez Canal, opting instead for the longer Cape of…
Recent attacks in the Red Sea have stirred turmoil for shipping companies, compelling them to redirect their vessels and thereby triggering potential delays that might reverberate across the global economy. Houthi rebels from Yemen have launched a barrage of over 100 rockets at commercial ships within the Red Sea in the last two months. This crucial trade route handles almost one-third of global container traffic, and approximately a dozen vessels have encountered disturbances, including two attacked on December 19, as reported by a defense official to McClatchy News. These attacks primarily target ships en route to Israeli ports, attributed by…