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Holiday air travel forecast calls for more people, but better screening

“Travel-industry experts expect smoother air travel this holiday season as better technology streamlines security checks” writes This Story Was for seattletimes.com. The airlines and airports are testing biometric screening of passengers’ passports or other photo IDs.A record 45.7 million passengers are expected to fly on domestic airlines from Thursday to Jan. 6. Source: seattletimes.com Share This:

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Weak China data sparks worries about world’s second-largest economy

“Growth for the closely watched indicator of construction activity slightly exceeded economists’ median forecast for a 5.8% gain” reports marketwatch.com. November’s figure missed economists’ median forecast for 5.9% growth.Retail sales in China rose 8.1% in November from a year earlier, slowing from an 8.6% on-year gain in October and missing economists’ median forecast for 8.8% growth. Source: marketwatch.com Share This:

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Yet another analyst cuts their price target on Apple, citing iPhone weakness overseas

“Yet another Wall Street analyst has cut share price expectations for Apple as Piper Jaffray joined the growing chorus of brokerages to readjust iPhone expectations” writes Zhang Peng for cnbc.com. Olson maintained his overweight rating on Apple stock, but trimmed his 12-month price target to $222 from $250.The 11 percent reduction to his price target implies 31 percent upside over the next year.Despite the cut to Piper Jaffray’s price target, shares of Apple rose 0.4 percent in premarket trading Thursday. Source: cnbc.com Share This:

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News Regulators 

Euro slips as ECB’s Draghi lowers growth forecast for Europe

“The risks surrounding the euro area growth outlook can still be assessed as broadly balanced” writes Jasper Juinen for cnbc.com. The euro currency has slipped in value after the European Central Bank (ECB) trimmed its growth forecasts for this year and next.Delivering his prepared remarks to reporters in Frankfurt, ECB President Mario Draghi said 2018 growth in the euro area was expected to be 1.9 percent rather than the 2.0 percent forecast in September.The euro/dollar currency pair was at $1.1375 as Draghi begin speaking and fell to $1.1340 following the…

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TUI Group confident on earnings growth after hotels, cruises lift 2018 

“TUI’s earnings growth and positive outlook are the latest example of it outshining smaller British rival Thomas Cook, which last month posted an almost 20 percent fall in annual earnings and suspended its dividend” writes unknown author for cnbc.com. European travel and tourism group TUI Group posted a 10.9 percent rise in annual earnings, just ahead of forecasts, and said next year would generate similar growth, after strong demand for its higher-margin hotel and cruise offerings.”Our own holiday experiences content account for more than 70 per cent of our earnings:…

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North America to weigh on Under Armour’s 2019 revenue growth, shares slide

“The Hovr smart-shoe maker said it expected to return to a low double-digit revenue growth by 2023” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Sportswear maker Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below Wall Street estimates on expectations of flat sales in North America, triggering a 11 percent drop in its shares. “It is clear (Under Armour) is no longer the growth company it was years ago,” Lyon said.The company’s forecast indicates that a turnaround is still far away, B Riley’s Susan Anderson said.Analysts…

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Markets News Oil 

Bank of America is more bullish than most on its oil price forecast for 2019

“We believe the (OPEC) cuts were sufficient,” Yazhari said, predicting a “relatively balanced oil market” and stable inventories next year” writes Natasha Turak for cnbc.com. Despite dramatic slides in the oil market, some forecasters remain positive on prices and demand going into 2019.A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 and settle at $70 a barrel.”We believe oil prices will resume their path back up to $70 average next year, potentially higher in the second quarter for…

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GoPro to move U.S.-bound camera production out of China

“In the company’s earnings call in November, GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019, if necessary” writes Midwest Communications Inc for 95kqds.com. Last month, the company forecast fourth-quarter revenue below analysts’ estimates as it battles waning demand for its products.The forecast was a disappointment as the company launched new low-price models of its flagship Hero camera for the holiday season. Source: 95kqds.com Share This:

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France riots trigger cut in country’s growth forecast

“French Finance Minister Bruno Le Maire on Monday blamed the violence stemming from the protest movement would shave growth from the French economy” writes Sam Schechner for marketwatch.com. Le Maire said on French radio that the impact of the protests would be a reduction in economic growth by about 0.1 points.In the prior survey, conducted in October, the bank had projected 0.4% growth in the fourth quarter compared with the third.Declining growth in key industries such as retail and transportation will complicate efforts by Mr. Source: marketwatch.com Share This:

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Storm could snarl weekend flights; airlines waive fees

“But it seemed likely that most big airlines would be waiving fees for airports in the Southeast and mid-Atlantic as the storm forecast solidified” writes Ben Mutzabaugh for usatoday.com. TODAY IN THE SKY: List: Airlines waive change fees for big winter storm in South One big exception: Charlotte, North Carolina, where icy weather and up to a half-foot of snow was possible Sunday.A strengthening winter storm threatened to make a mess for air travelers as it moved across the country into the weekend.The storm was forecast to spread heavy rain,…

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