4 Cryptos Set to Outperform Bitcoin in 2024

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

The 2024 Olympics were a success for Paris but a calamity for some of its businesses

DIANE JEANTET
September 10, 2024

PARIS (AP) -- Parisian business owners and hotel managers were promised a summer like no other. Millions of tourists would flood the French capital for the Olympic and Paralympic Games, generating huge profits for Paris and its region.

With the Games officially over, time has come to run the numbers. And many in the Paris service industry say they had one of their worst summers ever -- notably because of security restrictions around city-center Olympic venues.

Tom Denaive, who runs a family jewelry store ideally located between the Louvre Museum and Place de la Concorde -- which hosted multiple Olympic events -- said the season was nothing short of "dramatic."

In mid-June, the city closed the nearest metro station, then access to the scenic Tuileries Garden. And a week before the opening ceremony on the River Seine, the nearby rue de Rivoli, a major pedestrian and commercial artery, was shut down.

"It was a dead street," Denaive said. "I felt like we were back to the COVID days."

Disappointment was also felt a few steps away on rue Saint-Honoré, home to some of Paris' most prestigious hotels and finest haute couture shops.

"I have all the records from last year and we didn't match a single one,'' said Marina Orlando, store manager at French luxury candle brand Diptyque. Orlando said sales in August were down 29% year on year.

"We were given a whole serenade about the Olympics, that it was going to be incredible. ... Some of us didn't go on vacation, it was a huge logistical effort so that we could all be present on D-Day," she said. In the end, she added, they had a store full of staff but largely empty of customers.

Tourists did come in large numbers. Government data released last week show that some 1.7 million international visitors came to Paris during the Olympic period, up 13% compared with the previous year, and another 1.4 million French tourists visited the capital, up 26%.

"I think that our country's bet has paid off," said Olivia Grégoire, who leads the ministry charged with companies, tourism and consumption, at a news conference last week. Grégoire said France, as a whole, was on track to maintain -- and potentially surpass -- last year's record-breaking tourism numbers.

But shopping was not the visitors' priority, shop owners and managers said. "They were here for the sports," said Orlando.

Denaive agreed. He said that tourists "spent so much on hotels, flights, tickets ... they didn't have much of a budget left for shopping."

Many visitors were struggling to get to shops and restaurants even if they wanted to, because Paris chose to host Olympic events in the heart of the bustling capital, rather than building an Olympic park outside of the city center.

Protecting those venues involved a boosted security apparatus, deploying up to 45,000 police officers backed up by a 10,000-strong contingent of soldiers and reinforcements from more than 40 countries.

Most Parisians and visitors welcomed the security measures, but not the imposing metal-fence barriers erected on both sides of the River Seine that made the city hard to navigate.

Only those with a QR code were granted permission to pass police checkpoints, making it nearly impossible for those without one to commute between the city's south and north, except by metro. And permission for the precious code could take days to come.

For Patrick Aboukrat, whose association represents 190 shopkeepers and restaurant owners in Paris' central Marais neighborhood, the Olympics were "more than catastrophic." From mid-June to the end of July, sales were down roughly 35% to 40% on average in the area, he told the AP by phone.

Aboukrat, who owns a fashion store, said the ready-to-wear industry had been particularly hit, with an unexpectedly bad summer sales period. The city was particularly quiet ahead of the Olympics, he recalled. "We expected to have a stronger activity than usual, we found ourselves with stocks to sell off and a very low cash flow."

Aboukrat, like many others who talked to the AP, eventually decided to close his store early in the summer. "It was not worth it, and those near me who remained open told me it was empty."

Something similar happened at the Île de la Cité, the small island in the Seine where Notre Dame Cathedral sits. There, most merchants lost 40% to 50% of their turnover, according to Patrice Lejeune, president of the island's merchants' association.

The area was particularly difficult to reach during most of the Olympics as it was surrounded by metallic security barriers.

Officials have said the restrictions were necessary to guarantee everyone's safety.

Grégoire, from the tourism ministry, downplayed potential losses, saying that "we often come across people who complain."

On June 14, the government announced the creation of a commission to handle financial compensation requests from businesses claiming they were impacted negatively by the Games. Grégoire said it would only apply to those located within the perimeters targeted by security measures. The commission will start assessing requests in January.

Jean-Marc Banquet d'Orx, president of a union representing more than 2,000 hotels, restaurants and cafes in Paris, said everyone will eventually feel the benefits of the investments made in the city ahead of the Games.

"We can't stop grumpy people," Banquet d'Orx said. "But to those who complain I say: The Olympics will have an impact on the years to come, not immediately."

Continue Reading...

Popular

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

This $2 Stock Outshines Historic Gold Rally! - Ad

Gold has soared 25% in the last 6 months, but this young company has more than doubled that return. With a price target nearly double its current value, it's caught the eye of 40+ investment banks and funds. Discover the name of this standout company today and see why it's a potential gold mine for investors.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

A key employee who called the Titan unsafe will testify before the Coast Guard

A key employee who labeled unsafe prior to its last, fatal voyage was set to testify Tuesday before U.S. Coast Guard investigators.

Why We Just Sold Half of Our Stocks - Ad

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

Trump's Campaign Slapped With Lawsuit Threat After Jack White Calls Them 'Fascists'- 'You Should Lose Every Military Family's Vote Immediately!'

Jack White of the White Stripes has condemned Donald Trump's campaign as "fascists" and threatened legal action after an aide used a clip of the band's 2003 hit "Seven Nation Army" in a pro-Trump social media post.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day

WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company , a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Man Who Predicted Trump Win Issues Shocking New Election Prediction - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

'FBI Raided My Home…:' Melania Trump Slams FBI For Invading Her Privacy While Searching For 'Top Secret' Documents At Donald Trump's Mar-A-Lago Residence

In a recent video promoting her upcoming memoir, former First Lady Melania Trump issued a stark warning to Americans about the actions of the Federal Bureau of Investigation (FBI) during a raid on her Florida residence in August 2022.

China's Chipmaking Investments Top US, Taiwan, South Korea Combined: What It Means For Nvidia, ASML

China invests $25 billion in chipmaking equipment, surpassing spending by South Korea, Taiwan, and the U.S. This could impact top chipmakers and suppliers like NVIDIA and ASML.

September 23 - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on September 23rd will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

SEC Charges Galois Capital With Custody Rule Violations, Misleading Investors

SEC charges Florida-based firm Galois Capital for violating the Custody Rule and misleading investors about crypto assets.

Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double - Ad

Already up nearly 50% in the last 6 months this gold company has an analyst target nearly twice its current price. With 40+ investment banks and funds already invested it's no wonder this $1.3B company (trading under $2) is grabbing investor attention.

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

BALTIMORE (AP) — Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span of a massive container ship that lost power and crashed into one of its supporting columns.

What to Stream: George Strait, 'Rebel Ridge,' Astro Bot, 'Slow Horses' and Mormon influencers

“The Secret Lives of Mormon Wives,” a docuseries following young wives in Utah, and the suspenseful thriller “Rebel Ridge” are some of the new television, films, music and games near you.

Don't Buy Another Stock Until You See This - Ad

We face a widespread collapse unlike anything we've seen in our lifetimes. By taking 4 simple steps today you can stay safe from the coming catastrophe. Which is why I want to rush you my new book "Midnight in America" FOR FREE.

Medical Marijuana Will Be On The November Ballot In Nebraska, Officials Confirm

Nebraska cannabis petitions nearing certification for November ballot, set to legalize medical marijuana and protect patients.

Moderna Faces Analyst Downgrades Amid Revised R&D Restructured Strategy and Delayed Profitability Target

Moderna announces plans to reduce R&D spending by $1.1 billion by 2027, focusing on ten key products. Analysts highlight near-term challenges, lowered price targets, and a delayed breakeven to 2028, with optimism around Moderna's oncology pipeline and long-term platform potential.

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

California governor signs laws to protect actors against unauthorized use of AI

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed off Tuesday on legislation aiming at protecting Hollywood actors and performers against unauthorized artificial intelligence that could be used to create digital clones of themselves without their consent.

Why Is WiSA Technologies Stock Surging Premarket Wednesday?

WiSA Technologies shares are jumping premarket Wednesday, as the company acquires Datavault's IP and IT assets in a $210 million deal.

Discover the $2 Stock That Has Institutional Attention - Ad

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000

MINNEAPOLIS (AP) — Package is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.

Social media is filled with skin care routines for girls. Here's what dermatologists recommend

Girls are with advice from influencers touting elaborate skin care routines with high-priced serums, mists and creams. But what is the right skin care routine for preteens?

DO NOT Make Another Trade Without Seeing This First - Ad

Starting September 23... a huge secret of the markets could help you consistently target gains like: 126%... 245%... even 463% or more... often in 30 days or less... No matter what the market does next.

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

NEW YORK (AP) — After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection.

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

Kentucky's Massive Cannabis Licensing Response: 5,000 Applications Filed Before Deadline

Nearly 5,000 medical cannabis license applications were filed in Kentucky by the August deadline, showing immense interest.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Behind the nonprofit helping a diverse new generation of culinary professionals heat up New York

NEW YORK (AP) — A side of beef bigger than a classroom desktop sat before high school students huddled around a kitchen on New York's Lower East Side. “Anyone wanna jump in?” asked the butcher teaching the Tuesday afternoon class. One student dared, grabbing a sawblade about as long as his arm and sweating to successfully separate the short rib from the rib eye.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service