More than 50 companies reportedly pull production out of China due to trade war

The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. American personal computer makers HP and Dell could move up to 30% of their notebook production in China to Southeast Asia, Nikkei reported. Japan’s Nintendo is also going to pull a portion of its video game console production from China to Vietnam, according to Nikkei. Not only are foreign companies rethinking its production location, a handful of Chinese compan


The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. American personal computer makers HP and Dell could move up to 30% of their notebook production in China to Southeast Asia, Nikkei reported. Japan’s Nintendo is also going to pull a portion of its video game console production from China to Vietnam, according to Nikkei. Not only are foreign companies rethinking its production location, a handful of Chinese compan
More than 50 companies reportedly pull production out of China due to trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: yun li
Keywords: news, cnbc, companies, tariffs, chinese, pull, production, companies, china, 50, reportedly, war, according, trade, nikkei, moving


More than 50 companies reportedly pull production out of China due to trade war

The pace of companies moving production out of China is accelerating as more than 50 multinationals from Apple to Nintendo to Dell are rushing to escape the punitive tariffs placed by the U.S., according to the Nikkei Asian review.

The trade war between the U.S. and China has dragged on for more than a year with 25% tariffs placed on $200 billion of Chinese goods. President Donald Trump is still threatening to slap duties on another $325 billion of goods. In wake of the intensifying battle, more and more companies announced plans or are considering shifting manufacturing from China.

American personal computer makers HP and Dell could move up to 30% of their notebook production in China to Southeast Asia, Nikkei reported. Apple has asked its major suppliers to assess the cost implications of moving 15% to 30% of their production capacity from China to India, according to an earlier report from the Nikkei.

Japan’s Nintendo is also going to pull a portion of its video game console production from China to Vietnam, according to Nikkei.

Not only are foreign companies rethinking its production location, a handful of Chinese companies are also leaving China. Chinese multinational electronics company TCL is moving its TV production to Vietnam, while Chinese tire maker Sailun Tire is transitioning its manufacturing line to Thailand, Nikkei reported.

The prolonged trade battle seems to be taking a toll on the Chinese economy. Data on Monday showed its economic growth slowed to 6.2% in the second quarter — the weakest rate in at least 27 years.

Trump claimed the slower growth is evidence that China is losing the trade war as the country faces an exodus of companies.

“The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal,” Trump said in a twitter post on Monday.

—Click here to read the original story from the Nikkei Asian Review.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: yun li
Keywords: news, cnbc, companies, tariffs, chinese, pull, production, companies, china, 50, reportedly, war, according, trade, nikkei, moving


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Drug kingpin El Chapo sentenced to life in prison, must forfeit $12.6 billion

Joaquin Guzman Loera, also known as ‘El Chapo’ is transported to Maximum Security Prison of El Altiplano in Mexico City, Mexico on January 08, 2016. The Mexican drug lord known as “El Chapo” was sentenced Wednesday to life in prison plus thirty years at a hearing where he accused the U.S. government of corruption and of torturing him during his confinement. El Chapo, whose real name is Joaquin Guzman Loera, also was ordered to forfeit $12.6 billion during his sentencing in U.S. District Court in


Joaquin Guzman Loera, also known as ‘El Chapo’ is transported to Maximum Security Prison of El Altiplano in Mexico City, Mexico on January 08, 2016. The Mexican drug lord known as “El Chapo” was sentenced Wednesday to life in prison plus thirty years at a hearing where he accused the U.S. government of corruption and of torturing him during his confinement. El Chapo, whose real name is Joaquin Guzman Loera, also was ordered to forfeit $12.6 billion during his sentencing in U.S. District Court in
Drug kingpin El Chapo sentenced to life in prison, must forfeit $12.6 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: tucker higgins dan mangan, tucker higgins, dan mangan
Keywords: news, cnbc, companies, sentenced, justice, forfeit, drug, cogan, according, mexico, billion, 126, trial, guzman, york, victims, chapo, prison, kingpin, el, life


Drug kingpin El Chapo sentenced to life in prison, must forfeit $12.6 billion

Joaquin Guzman Loera, also known as ‘El Chapo’ is transported to Maximum Security Prison of El Altiplano in Mexico City, Mexico on January 08, 2016.

The Mexican drug lord known as “El Chapo” was sentenced Wednesday to life in prison plus thirty years at a hearing where he accused the U.S. government of corruption and of torturing him during his confinement.

El Chapo, whose real name is Joaquin Guzman Loera, also was ordered to forfeit $12.6 billion during his sentencing in U.S. District Court in Brooklyn, New York.

Judge Brian Cogan, who cited what he called Guzman’s “overwhelming evil” in announcing the mandated sentence, will determine later how much he must pay in restitution.

The kingpin, who had twice escaped maximum security prisons in Mexico, was convicted earlier this year of presiding over a vast criminal operation, the Sinaloa Cartel, which funneled immense quantities of narcotics, including heroin and methamphetamine, into the United States.

Guzman did not testify during the three-month trial, but broke his silence Wednesday.

He claimed, in a tear-choked statement, that he had been denied justice during his trial and confinement in New York City.

“Since the government will send me to a jail where my name will not ever be heard again, I take this opportunity to say: There was no justice here,” El Chapo told Cogan, according to the New York Daily News.

“I drink unsanitary water, no air or sunlight, and the air pumped in makes my ears and throat hurt. In order to sleep, I put toilet paper in my ears. My wife had not been allowed to visit, and I can’t hug my daughters,” he said, according to NBC News. “This has been psychological, emotional and mental torture 24 hours a day.”

“My case was stained and you denied me a fair trial when the world was watching. What happened here is the U.S. is not better than any other corrupt country,” Guzman added.

Guzman spoke in Spanish. His comments were translated by one of his lawyers.

The defense indicated to Cogan that they plan to appeal on the grounds of juror misconduct, according to Vice News, which was at the hearing.

A juror told that news outlet in February that jurors violated the judge’s orders barring them from following the case in the media.

“What occurred here was not justice. How we treat our most reviled is a measuring stick for our own society,” defense attorney Jeffrey Lichtman said, according to NBC News.

But prosecutors said that Guzman was “uniquely deserving” of the harsh sentence.

“There were countless victims of his orders to kill,” prosecutor Gina Parlovecchio said. “He has shown no remorse.”

One of Guzman’s alleged victims, Andrea Velez Fernandez, spoke at the sentencig.

“Today I come here a miracle of god,” Velez Fernandez said. “Mr. Guzman used me as bait to kidnap someone in Ecuador. He offered one million dollars to Hells Angels to end my life. Fortunately I found out and escaped with the help of the FBI.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: tucker higgins dan mangan, tucker higgins, dan mangan
Keywords: news, cnbc, companies, sentenced, justice, forfeit, drug, cogan, according, mexico, billion, 126, trial, guzman, york, victims, chapo, prison, kingpin, el, life


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This is how much income tax you’re paying to your state

New Yorkers are paying the heftiest state income taxes. Residents in the state paid $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation. Meanwhile, there are seven states that don’t tax individual income: Alaska, Florida, Nevada, South Dakota, Texas, Washington state and Wyoming. Though Tennessee and New Hampshire don’t tax wages, they do levy income from interest and dividends. Here’s where your state ranks, according to the


New Yorkers are paying the heftiest state income taxes. Residents in the state paid $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation. Meanwhile, there are seven states that don’t tax individual income: Alaska, Florida, Nevada, South Dakota, Texas, Washington state and Wyoming. Though Tennessee and New Hampshire don’t tax wages, they do levy income from interest and dividends. Here’s where your state ranks, according to the
This is how much income tax you’re paying to your state Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: darla mercado john w schoen, darla mercado, john w schoen
Keywords: news, cnbc, companies, washington, wages, income, yorkers, according, paying, state, individual, dont, youre, tax, wyomingthough


This is how much income tax you're paying to your state

New Yorkers are paying the heftiest state income taxes.

Residents in the state paid $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation.

Connecticut came in second with $2,218. Massachusetts followed in third: $2,146.

Meanwhile, there are seven states that don’t tax individual income: Alaska, Florida, Nevada, South Dakota, Texas, Washington state and Wyoming.

Though Tennessee and New Hampshire don’t tax wages, they do levy income from interest and dividends.

Here’s where your state ranks, according to the Tax Foundation.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: darla mercado john w schoen, darla mercado, john w schoen
Keywords: news, cnbc, companies, washington, wages, income, yorkers, according, paying, state, individual, dont, youre, tax, wyomingthough


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7 best cruise destinations for 2019, according to thousands of reviews

In 2018, cruising was estimated to be a more than $45.6 billion industry, and in 2019, 30 million passengers are expected to cruise, according to a Cruise Lines International Association report. While the Caribbean is a hot spot for cruisers, more “off-the-beaten-path” cruise destinations gained in popularity this year, according to Colleen McDaniel, editor-in-chief of Cruise Critic. Avignon, which is located on the left bank of the Rhone river and has a population of less than 100,000 people, w


In 2018, cruising was estimated to be a more than $45.6 billion industry, and in 2019, 30 million passengers are expected to cruise, according to a Cruise Lines International Association report. While the Caribbean is a hot spot for cruisers, more “off-the-beaten-path” cruise destinations gained in popularity this year, according to Colleen McDaniel, editor-in-chief of Cruise Critic. Avignon, which is located on the left bank of the Rhone river and has a population of less than 100,000 people, w
7 best cruise destinations for 2019, according to thousands of reviews Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jade scipioni
Keywords: news, cnbc, companies, destination, courtesy, best, travel, reviews, mcdaniel, popular, according, lines, cruises, critic, cruisers, cruise, destinations, thousands, 2019


7 best cruise destinations for 2019, according to thousands of reviews

In 2018, cruising was estimated to be a more than $45.6 billion industry, and in 2019, 30 million passengers are expected to cruise, according to a Cruise Lines International Association report. So whether you’re a first-time cruiser or a veteran, choosing where to cruise can be daunting with so many options available. On Wednesday, cruise reviews website Cruise Critic released its annual Cruisers’ Choice Destination Awards based on thousands of customer reviews over the past 12 months to help travelers narrow down their options from people who have been there. While the Caribbean is a hot spot for cruisers, more “off-the-beaten-path” cruise destinations gained in popularity this year, according to Colleen McDaniel, editor-in-chief of Cruise Critic. This year’s “most popular cruise destination” goes to a river cruise in Avignon, France (where the Obamas recently vacationed), located in the Provence region, after receiving the highest rating from travelers among all cruise destinations across the globe. Avignon, which is located on the left bank of the Rhone river and has a population of less than 100,000 people, was also named the best European river cruise destination by Cruise Critic. Here are the most popular cruise destinations worldwide, according to Cruise Critic.

1. Avignon, France

Avignon, France Courtesy of Cruise Critic kwebb23

This quaint little French city located in southeastern France’s Provence region has become a popular stop on Rhone River cruise itineraries over the years. McDaniel describes the destination as “picturesque” and a “wine-lover’s dream” because its the perfect access point to tour the famed Châteauneuf-du-Pape wine region. For history lovers, it’s also home to the Palace of Popes, the papal residence during the 14th century. Avignon is also about an hour drive from Marseille — the location of the nearest international airport. Cruise lines that travel to Avignon include Avalon Waterways, AmaWaterways and Emerald Waterways.

2. Bora Bora

Bora Bora Courtesy of Cruise Critic Member GLemire

This small South Pacific island northwest of Tahiti is a popular honeymoon destination for cruisers as well as avid snorkelers and divers — or even for those those who just want to relax on a beach. McDaniel says the best perk about cruising to this island instead of a land-based vacation is that it’s usually cheaper and most ships typically stay in port for more than one day. Royal Caribbean International and Princess Cruises are the largest cruise lines that travel to Bora Bora.

3. Glacier Bay, Alaska

Glacier Bay Courtesy of Cruise Critic

While cruise ships that visit Glacier Bay never get to dock at the port, they do sail through Glacier Bay National Park, giving travelers an incredible and intimate view of the National Monument’s glaciers, fijords and wildlife. What’s more, McDaniel says that often times a park guide will join guests on board to give a guided tour and talk about its history. Holland America Line and Ponant Cruises are popular cruise lines that travel to Glacier Bay.

4. Vienna, Austria

Vienna, Austra Courtesy: Cruise Critic Member TMiles70

As the largest city and capital of Austria, Vienna has always been a popular spot for those cruising along the Danube River. McDaniel says travelers are drawn to the city’s historic palaces and incredible architecture. Most cruises include an overnight stay in the city so passengers can check out its vibrant nightlife. The cruise lines that travel to Vienna include Avalon Waterways, AmaWaterways and Emerald Waterways.

5. Singapore

Singapore Courtesy of Cruise Critic

This island city-state located in Southeast Asia has grown into a popular cruise destination over the years. McDaniel says everything from its “overall energy, to its culture, dining, and architecture” have attracted travelers. However, one thing that is particularly great for cruisers, she says, is that it’s an easily navigable city, making it ideal for exploration even when there’s a limited amount of time in port. And for those looking to spend a longer time in Singapore, there are many cruises that depart directly from the city so travelers can arrive a few days before setting sail to take full advantage of what the city has to offer. Major cruises lines including Celebrity Cruises, Marella Cruises and Holland America Line all travel to Singapore.

6. Kirkwall, Scotland

Kirkwall, Scotland Courtesy of Cruise Critic

Kirkwall is the largest town in the island chain of Orkney, located north of Scotland. McDaniel says cruisers have been increasingly drawn to this destination due to its rich history, with settlements dating back to 3000 BC and its famous St. Magnus Cathedral, which is nearly 900 years old. In 1999, Kirkwall was also designated a UNESCO World Heritage site. Cruisers love it because they call the historic streets as they shop, dine and learn about history. Cunard Line, Princess Cruises and Fred Olsen Cruise Lines all travel to Kirkwall.

7. Flam, Norway

Flam, Norway Courtesy of Cruise Critic Member HappyExplorer

This quaint village located in southwestern Norway is known for its fjords. McDaniel says cruisers also love its snow-capped mountains, waterfalls and gorgeous meadows, with one Cruise Critic reviewer calling it one of the “most beautiful places on Earth.” Princess Cruises, P&O Cruises, Marella Cruises and Viking Ocean Cruises all travel to Flam. Like this story? Like CNBC Make It on Facebook. Don’t miss: You can rent Jackie Kennedy Onassis’ former yacht for nearly $630,000 a week — take a look


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jade scipioni
Keywords: news, cnbc, companies, destination, courtesy, best, travel, reviews, mcdaniel, popular, according, lines, cruises, critic, cruisers, cruise, destinations, thousands, 2019


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Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump

Amazon’s Prime Day is fueling other retailers’ online sales, an early reading shows. Adobe said Amazon’s Prime Day is now the third period outside of the holiday season during which online sales in the U.S. will top $2 billion, like they did on Labor Day last year and Memorial Day this year. Amazon’s Prime Day kicked off at 3 a.m. Last year, Prime Day lasted 36 hours. Amazon also said that its sellers worldwide on Monday had the biggest 24-hour sales day in the company’s history, with millions o


Amazon’s Prime Day is fueling other retailers’ online sales, an early reading shows. Adobe said Amazon’s Prime Day is now the third period outside of the holiday season during which online sales in the U.S. will top $2 billion, like they did on Labor Day last year and Memorial Day this year. Amazon’s Prime Day kicked off at 3 a.m. Last year, Prime Day lasted 36 hours. Amazon also said that its sellers worldwide on Monday had the biggest 24-hour sales day in the company’s history, with millions o
Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren thomas
Keywords: news, cnbc, companies, size, billion, adobe, thank, bump, retailers, sales, amazon, expected, amazons, according, estimates, online, prime, day


Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump

Amazon’s Prime Day is fueling other retailers’ online sales, an early reading shows.

On Monday, the first day of Amazon’s 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital sales compared with an average Monday, according to Adobe Analytics. That’s better than a 54% spike last year, said Adobe, which measures transactions at 80 of the top 100 internet retailers in the U.S.

Niche retailers, which Adobe classifies as those that bring in less than $5 million in annual sales, saw a 30% increase in online sales on Monday, according to the firm.

Adobe said Amazon’s Prime Day is now the third period outside of the holiday season during which online sales in the U.S. will top $2 billion, like they did on Labor Day last year and Memorial Day this year.

Amazon’s Prime Day kicked off at 3 a.m. ET on Monday and runs for 48 hours, the longest in the event’s history. Last year, Prime Day lasted 36 hours.

Other retailers including Walmart, Target, eBay, Macy’s and Best Buy have been touting deals this week to compete. Target is pushing discounts for its in-house home goods brands. Walmart is expected to run deals, on everything from Google Home smart speakers to Instant Pots, through Wednesday this week.

More than 250 retailers altogether are expected to have sales going on to try to take advantage of the surge of web traffic around Prime Day, according to RetailMeNot, which tracks coupons online.

To be sure, it’s unclear if shoppers are actually buying more around Prime Day through impulse purchases, or if they’re just buying things now that they would’ve normally purchased later in the year. If the latter is the case, the week could end up only stealing sales from the back-to-school and holiday shopping seasons.

A study from Deloitte already shows back-to-school spending is expected to be about flat with last year, as more consumers are feeling price sensitive.

Amazon also said that its sellers worldwide on Monday had the biggest 24-hour sales day in the company’s history, with millions of Alexa-enabled devices already sold.

Amazon shares are up more than 34% this year, bringing its market cap to more than $995 billion.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: lauren thomas
Keywords: news, cnbc, companies, size, billion, adobe, thank, bump, retailers, sales, amazon, expected, amazons, according, estimates, online, prime, day


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Spotify falls on report Apple will start funding original podcasts

Spotify stock dropped over 1% on a Bloomberg report that Apple plans to fund its own original podcasts. Apple executives have reached out to media companies to buy exclusive rights to podcasts, according to the report. Spotify has invested heavily in original podcasts. Apple’s Podcasts app is installed on iPhones by default and is the most used podcast app by far according to most estimates. Apple’s Podcasts app is still the number one app, he said, but Spotify is catching up fast.


Spotify stock dropped over 1% on a Bloomberg report that Apple plans to fund its own original podcasts. Apple executives have reached out to media companies to buy exclusive rights to podcasts, according to the report. Spotify has invested heavily in original podcasts. Apple’s Podcasts app is installed on iPhones by default and is the most used podcast app by far according to most estimates. Apple’s Podcasts app is still the number one app, he said, but Spotify is catching up fast.
Spotify falls on report Apple will start funding original podcasts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: kif leswing
Keywords: news, cnbc, companies, media, apple, million, podcasts, start, falls, spend, report, according, podcast, including, original, app, funding, spotify


Spotify falls on report Apple will start funding original podcasts

Spotify stock dropped over 1% on a Bloomberg report that Apple plans to fund its own original podcasts.

Apple declined to comment.

Apple executives have reached out to media companies to buy exclusive rights to podcasts, according to the report.

Spotify has invested heavily in original podcasts. CEO Daniel Ek said it planned to spend $400 million to $500 million on original podcasts this year, including purchases of Gimlet Media and Anchor, two podcast startups.

Gimlet Media produced a variety of original fiction and non-fiction podcasts, including “Reply All,” “Startup” and “Homecoming.” Spotify bought it for $230 million, according to Neiman Lab.

Apple’s Podcasts app is installed on iPhones by default and is the most used podcast app by far according to most estimates. However, Apple doesn’t host or bankroll podcasts. Instead, it hosts a directory of links that enables users to download podcasts from other servers.

“This makes a lot of sense from a strategic perspective,” Chartable CEO Dave Zohrob told CNBC. Chartable is a podcast analytics company.

“Spotify has been investing heavily, and has quickly grown to be a very strong 2nd-place listening platform,” he continued. “Podcast listeners on Spotify tend to spend more time in-app — meaning they listen to more music and audio overall, deepening engagement with Spotify.”

Apple’s Podcasts app is still the number one app, he said, but Spotify is catching up fast.

Apple was down less than 1% on Tuesday. 


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: kif leswing
Keywords: news, cnbc, companies, media, apple, million, podcasts, start, falls, spend, report, according, podcast, including, original, app, funding, spotify


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Look inside 6 over-the-top luxury Airbnb rentals

From a beachfront home with a private butler to a nine-bedroom mansion in Bel Air, home to A-list celebrities, here are six over-the-top rentals from Airbnb Luxe, the homeshare company’s new luxury rental extension. AirbnbThe rental comes with housekeeping, according to the listing, rates start at $1,345 a night for up to 12 guests. Casa SeptiembreIt has a heated swimming pool, outdoor bar, direct beach access and unobstructed views of the coast. The rental comes with a butler, housekeeping and


From a beachfront home with a private butler to a nine-bedroom mansion in Bel Air, home to A-list celebrities, here are six over-the-top rentals from Airbnb Luxe, the homeshare company’s new luxury rental extension. AirbnbThe rental comes with housekeeping, according to the listing, rates start at $1,345 a night for up to 12 guests. Casa SeptiembreIt has a heated swimming pool, outdoor bar, direct beach access and unobstructed views of the coast. The rental comes with a butler, housekeeping and
Look inside 6 over-the-top luxury Airbnb rentals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: jimmy im
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Look inside 6 over-the-top luxury Airbnb rentals

Luxury travel is booming. Virtuoso, a network of luxury travel advisors, saw $26.4 billion in sales in 2018, an 11% increase from 2017, according to Skift. Exploring new destinations, crossing off bucket-list items, seeking authentic experiences and rest and relaxation are among the top reasons big spenders are traveling this year, according to a recent Virtuoso trends report. So what can you get for your money? From a beachfront home with a private butler to a nine-bedroom mansion in Bel Air, home to A-list celebrities, here are six over-the-top rentals from Airbnb Luxe, the homeshare company’s new luxury rental extension.

Private island in French Polynesia

Airbnb

You can rent the private island of Nukutepipi in French Polynesia for $144,108 a night, which is more than the most expensive resort in the world.

Airbnb

The island offers 16 bungalows with 21 bedrooms and 25 bathrooms, according to Airbnb, for a maximum of 52 guests. It comes equipped with staff, including a chef, captain, activity coordinators, doctor, housekeeping and massage therapist, according to the listing.

Airbnb

There is an outdoor hot tub, three outdoor pools, a wet bar, gym and home theater, and the island has white-sand beaches and crystal clear waters.

Airbnb

Moroccan villa near Marrakesh

Airbnb

Five miles outside Marrakesh, this six-bedroom and six-bathroom villa in Morocco has a large pool, an organic vegetable garden and orange trees, according Airbnb. The villa has arched doorways, typical of Moroccan decor, and a hammam (a traditional Turkish bath) as well as a fireplace and gym.

Airbnb

Airbnb

Every bedroom has its own bathroom, and five of the bedrooms have a balcony or terrace.

Airbnb

The rental comes with housekeeping, according to the listing, rates start at $1,345 a night for up to 12 guests.

Airbnb

Mexican beachfront villa in Puerto Vallarta

Casa Septiembre

This nine-bedroom, nine-bathroom villa is set against a quiet beach in one of the swankiest neighborhoods in Puerto Vallarta, Mexico, just a 10-minute walk to town.

Casa Septiembre

It has a heated swimming pool, outdoor bar, direct beach access and unobstructed views of the coast.

Casa Septiembre

All of the rooms have their own patio or terrace and bathroom. The villa comes with a private chef, housekeeping and butlers, according to the listing, and rates start at $1,750 per night for up to 18 guests.

Casa Septiembre

French chateau

Airbnb

This 18th-century estate that can host up to 20 guests with 10 bedrooms and eight bathrooms is located in Fontvielle, France, about an hour’s drive from Marseille, according to the Airbnb listing.

The chateau, which the listing calls “historic,” has a heated pool, a wine cave, a theater and a hammam, as well as 500 acres of land with a pond, forest and rose garden.

The rental comes with a butler, housekeeping and chef, according to the listing, with rates that start at $16,813 a night.

Airbnb

Bel Air mansion

Airbnb

For a little more than 20 grand a night, you can rent a country club mansion in Bel Air, California, a Los Angeles neighborhood known for expensive homes and famous residents like Jennifer Aniston. The home comes with a cinema that seats up to 10 people, an indoor sauna, an entertainment room with shuffleboard and an outdoor pool and hot tub, according to the listing.

Airbnb

There are nine bedrooms and 12.5 bathrooms. The master bedroom has a terrace.

Airbnb

The home is about a 20-minute drive to Santa Monica State Beach and Venice Beach, and famed Rodeo Drive is a 12-minute drive. It sleeps up to 21 guests and rates start at $21,053 a night.

Airbnb

Jungle estate in Bali

Airbnb

This thatched-roof jungle estate in Ubud, Bali has four bedrooms and five bathrooms for $595 a night.

The estate, which looks out into the jungle and mountains, has two infinity pools, an open-air kitchen and stone pathways. The rental comes with a butler, housekeeping and a chef, according to the listing.

Airbnb

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Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: jimmy im
Keywords: news, cnbc, companies, overthetop, rental, comes, airbnb, bedrooms, rentals, according, look, pool, villa, housekeeping, inside, luxury, start, outdoor, rates


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Medical cannabis is gaining momentum in Asia

In Western markets, recreational cannabis is expected to outperform medicinal cannabis in market forecasts, but in Asia the opposite is likely to be true. Still, Prohibition Partners estimated that Asia’s medicinal cannabis market could by 2024 be worth $5.8 billion. “In Western markets, recreational cannabis is expected to outperform medicinal cannabis in market forecasts, but in Asia the opposite is likely to be true,” the consultancy said. “Chinese investors are warming up to the cannabis mar


In Western markets, recreational cannabis is expected to outperform medicinal cannabis in market forecasts, but in Asia the opposite is likely to be true. Still, Prohibition Partners estimated that Asia’s medicinal cannabis market could by 2024 be worth $5.8 billion. “In Western markets, recreational cannabis is expected to outperform medicinal cannabis in market forecasts, but in Asia the opposite is likely to be true,” the consultancy said. “Chinese investors are warming up to the cannabis mar
Medical cannabis is gaining momentum in Asia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: grace shao
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Medical cannabis is gaining momentum in Asia

Hemp plants are grown for medical research purposes in Chiang Mai province, Thailand. Taylor Weidman | Bloomberg | Getty Images

With Thailand’s legalization of medical cannabis in February, some experts predict that other Southeast Asian countries may move to decriminalize the plant. If that happens, it could prove a significant opportunity for investors interested in the space. Many countries in Asia have made headlines for strict punishments for possessing, trafficking and consuming cannabis — including, notable, the ongoing bloody war on drugs in the Philippines. But some nations are nevertheless softening their attitude toward the once-taboo drug, and bringing it to hospitals in the region. The global legal marijuana market — including recreational use — was estimated to be worth $13.8 billion last year and is projected to reach $66.3 billion by the end of 2025, according to a 2018 report from California-based market research firm Grand View Research. There are two widely studied components of the cannabis plant: CBD, a non-hallucinating compound sold in bud, oil and tinctures, used for calming inflammation and the nerves; and THC, the psychoactive constituent that is more often used for recreational purposes and is still illegal in most countries. According to a 2018 report by the European Monitoring Centre for Drugs and Drug Addiction, both CBD and THC ingredients are applied in medicinal practices but used to treat different symptoms.

Momentum in the region

Currently, Canada and Uruguay are the only two countries that have fully legalized the recreational use of cannabis. But the piecemeal legalization of medicinal marijuana has been spreading across the world, including, notably, nations such as Israel, Australia, and Germany.

In Asia, Seoul and Bangkok look to be leading the way in the normalization and legalization of medical marijuana with government license. Thailand is the only country that has fully legalized medicinal cannabis with others actively looking into the plant’s health-care applications, according to Prohibition Partners, an international cannabis industry consultancy. Thailand, for its part, unveiled its first legal cannabis greenhouse in February. “The attitude is that it’s already a part of traditional medicine … and we should ensure that Thais can control their own industry, ” said Jim Plamondon, marketing head of Thai Cannabis Corporation said to Reuters last December. South Korea surprised many by being the first East Asian nation to legalize medical marijuana last November. The policy came to effect in March this year with the goal of expanding treatment options for patients with epilepsy, chronic pain and other conditions. In the same month, Japan approved clinical trials for the cannabis compound Epidiolex, a CBD oral solution used in treating epileptic patients.

In Western markets, recreational cannabis is expected to outperform medicinal cannabis in market forecasts, but in Asia the opposite is likely to be true. Prohibition Partners The 2019 Asian Cannabis Report

In late June, Malaysian Health Minister Dzulkefly Ahmad said in a statement, “Drugs have destroyed many lives, but wrongheaded governmental policies have destroyed many more. I think it’s obvious that after 40 years of war on drugs, it has not worked. There should be decriminalization of drugs.” He added that legalizing medicinal cannabis would be a “game changer.” Even famously strict-on-drugs nations including Singapore and China have been involved in research into medical applications for cannabis.

Investment opportunities in Asia

That all indicates a softer tone than those countries have traditionally taken, but the plant remains illegal in the majority of Asian nations. Still, Prohibition Partners estimated that Asia’s medicinal cannabis market could by 2024 be worth $5.8 billion. “In Western markets, recreational cannabis is expected to outperform medicinal cannabis in market forecasts, but in Asia the opposite is likely to be true,” the consultancy said. Japan, for one, will very likely become a big consumer of medical cannabis. “Japan currently has the largest population of elderly people at 33.1% and this is set to bring about an unprecedented rise in healthcare costs in the long term,” the group’s 2019 report said. “The region’s spending on healthcare is estimated to reach US$2.7 trillion by 2020.” And Japan is not the only one faced with an aging population. By 2030, 17.8% of China’s population is expected to be above 65 years old, according to The Economist Intelligence Unit. The report added that Asia is on track to have the oldest population in the world very soon and with old age comes many chronic disease. As for investing opportunities, many are still reluctant to actively bet on the commodity due to the social stigma around the plant, according to Prohibition Partners. Still, Hong Kong saw its first-ever Cannabis Investor Symposium in November last year. “Chinese investors are warming up to the cannabis market,“ the consultancy said, noting that despite its illegality in China, medical cannabis research has received some government encouragement. In fact, China is not only involved in the research but also heavily in production. Asia’s largest economy currently grows nearly half the world’s legal hemp, a strain of cannabis that contains almost no hallucinogens, according to China’s National Bureau of Statistics.

A distributor holds a jar of medicinal cannabis in Buriram, Thailand. Lillian Suwanrumpha | AFP | Getty Images

Hanma Investment Group (HMI) is the first company to receive permission to extract CBD in China. The country’s largest hemp production firm has been advocating for the benefits of the plant and trying to change the negative connotation most Chinese hold toward it. The company currently exports 90% of its production, mostly to the United States, Germany, the U.K., the Netherlands, and increasingly to Japan. “(Chinese) people’s perception of cannabis is no longer as negative as before. We have been reiterating the uses cannabis can be utilized in the medical and health sector,” Tan Xi, HMI’s president, told CNBC in a Chinese-language text message. Tan added in a phone interview there had been an increase in Chinese companies getting involved in industrial cannabis. Since the start of 2019, he claimed, there’s been significant traction in China’s capital market for such companies. Tan said he was encouraged by the increasing number of American states legalizing medical cannabis, but he said China appears nowhere close to legalizing it anytime soon.

‘Bleak on the earnings front’


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: grace shao
Keywords: news, cnbc, companies, gaining, plant, research, drugs, recreational, momentum, medical, according, asia, market, medicinal, japan, cannabis


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These stocks are second-half comeback stories, according to Wall Street analysts

While market records were broken and many stocks surged in the first half of the year, not all of them did. Wall Street analysts were telling clients there were plenty of values to be found among stocks that ended the first half in the red. The stock has several “positive catalysts” despite its “volatility,” according to analysts at Wells Fargo. That wasn’t enough to stop analysts at Needham this week from adding the buy-rated company to its “conviction list.” Here’s what else analysts are sayin


While market records were broken and many stocks surged in the first half of the year, not all of them did. Wall Street analysts were telling clients there were plenty of values to be found among stocks that ended the first half in the red. The stock has several “positive catalysts” despite its “volatility,” according to analysts at Wells Fargo. That wasn’t enough to stop analysts at Needham this week from adding the buy-rated company to its “conviction list.” Here’s what else analysts are sayin
These stocks are second-half comeback stories, according to Wall Street analysts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: michael bloom
Keywords: news, cnbc, companies, secondhalf, wells, analysts, half, watch, street, tripadvisor, stock, comeback, wall, stocks, week, ended, according


These stocks are second-half comeback stories, according to Wall Street analysts

Watch out for the comeback kids. While market records were broken and many stocks surged in the first half of the year, not all of them did.

Wall Street analysts were telling clients there were plenty of values to be found among stocks that ended the first half in the red. CNBC examined the most recent Wall Street research from major firms to find companies that were being recommended as comeback stories to clients after falling during the first six months of the year.

They include names such as Marathon Petroleum, Six Flags, Cigna, TripAdvisor, Pure Storage, and Chemours Company.

Theme park operator Six Flags has been the subject of three upgrades over the last month, with Wells Fargo being the most recent investment bank to lift its rating to buy. The company, which ended the first half down over 10%, is due to report earnings on July 24.

The stock has several “positive catalysts” despite its “volatility,” according to analysts at Wells Fargo.

“We believe concerns surrounding Q219 weather, China trade implications and dividend sustainability, are fairly discounted,” they said.

Health insurer Cigna ended the first half of the year down more than 17%. Shares had been under pressure as the Trump administration was pushing a plan to eliminate drug rebates from government prescription drug plans. But this week the administration dropped the idea.

“We expect the news to be favorable most specifically to entities with larger pharmacy benefit management exposure as it eliminates the uncertainty and overhang that the rebate rule had on those companies,” analysts at Citi said. The firm kept its buy rating and the stock remains on the Citi focus list as a “top pick.”

Travel and restaurant website TripAdvisor finished the first half down 14%. That wasn’t enough to stop analysts at Needham this week from adding the buy-rated company to its “conviction list.”

“We think the setup remains super attractive on a compelling second derivative directional play into 2H19,” they said.

Here’s what else analysts are saying about stocks to watch in the second half:


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: michael bloom
Keywords: news, cnbc, companies, secondhalf, wells, analysts, half, watch, street, tripadvisor, stock, comeback, wall, stocks, week, ended, according


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You can rent Jackie Kennedy Onassis’ former yacht for nearly $630,00 a week — take a look

For 560,000 euro (approximately $627,505) a week, guests can charter the “Christina O,” a yacht once owned by Greek shipping magnate Aristotle Onassis and Jacqueline Kennedy Onassis. Valef Yachts, a charter company based in Greece, also offers it for a daily rate: 90,000 euro (approximately $100,850) per day in July and August. Aristotle Onassis, Jackie Kennedy Onassis’ second husband, named the boat “Christina” after his daughter, according to the company, and a “family friend” renamed the boat


For 560,000 euro (approximately $627,505) a week, guests can charter the “Christina O,” a yacht once owned by Greek shipping magnate Aristotle Onassis and Jacqueline Kennedy Onassis. Valef Yachts, a charter company based in Greece, also offers it for a daily rate: 90,000 euro (approximately $100,850) per day in July and August. Aristotle Onassis, Jackie Kennedy Onassis’ second husband, named the boat “Christina” after his daughter, according to the company, and a “family friend” renamed the boat
You can rent Jackie Kennedy Onassis’ former yacht for nearly $630,00 a week — take a look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: jimmy im
Keywords: news, cnbc, companies, company, week, according, euro, jackie, nearly, charter, onassis, 63000, kennedy, christina, boat, rent, suite, yacht, valef, bravinthe, look


You can rent Jackie Kennedy Onassis' former yacht for nearly $630,00 a week — take a look

For 560,000 euro (approximately $627,505) a week, guests can charter the “Christina O,” a yacht once owned by Greek shipping magnate Aristotle Onassis and Jacqueline Kennedy Onassis. Valef Yachts, a charter company based in Greece, also offers it for a daily rate: 90,000 euro (approximately $100,850) per day in July and August. It costs 80,000 euro (about $89,642) per day in other months. Included in the price for a sail on the Christina O? A staff of 38 crew, according to a representative from Valef Yachts. Aristotle Onassis, Jackie Kennedy Onassis’ second husband, named the boat “Christina” after his daughter, according to the company, and a “family friend” renamed the boat “Christina O” following Aristotle Onassis’ death.

Stef Bravin

The yacht is 325 feet long and has 17 staterooms, a 40-guest dining room, a library, a piano and a swimming pool, according to the company. There are also sunbathing decks, as well as an outdoor bar.

Stef Bravin

It can sleep up to 36 guests and can host 157 people on board for events and parties.

Stef Bravin

The main suite is called the “Onassis Suite” and has a hot tub and a lounge with an en-suite library.

Stef Bravin

The suite has a marble fireplace and an original Renoir painting, according to the charter company.

Stef Bravin

Stef Bravin

There’s an outdoor deck with umbrellas and sunbeds.

Stef Bravin

In 1954, Onassis bought the boat for $34,000, according to Valef Yachts.

Stef Bravin


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: jimmy im
Keywords: news, cnbc, companies, company, week, according, euro, jackie, nearly, charter, onassis, 63000, kennedy, christina, boat, rent, suite, yacht, valef, bravinthe, look


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