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☆ Bitcoin is having its best day since March following cooler April inflation reading
▼ + stars: | 2024-05-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin is likely to remain rangebound and trade along with macro data points, until we see a clearer path for rate cut." Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month. The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department's Bureau of Labor Statistics reported Wednesday. Earlier this week, bitcoin also sat out a two-day revival of the meme stock craze. With Wednesday's gain, bitcoin is now up 7% for the week — its best week since March 29 — and on pace to break a six-week slide.

Persons: Owen Lau, Oppenheimer, bitcoin, Bitcoin, Dow Jones, Leena ElDeeb, ElDeeb, Jeff Cox, Nick Wells Organizations: CNBC, Metrics, Labor Department's Bureau of Labor Statistics, Investors

☆ Unflappable Scottie Scheffler clinches second Masters title with virtuoso display
▼ + stars: | 2024-04-14 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

CNN —Scottie Scheffler clinched his second Masters title in style on Sunday, cementing the American’s status as the preeminent force in men’s golf. I love you,” Scheffler replied when asked by Augusta National chairman Fred Ridley if he had a message for his wife. The ball was still amongst the shrubbery when Scheffler rolled in for par on the same green shortly after, extending his lead to three. His first Masters triumph had ended in a shaky – albeit inconsequential – four-putt, but there were no such blips this time round. After a standing ovation on his walk to the 18th green, Scheffler signed off with a simple putt for par.

Persons: Scottie Scheffler, Sweden’s Ludvig Åberg, Scheffler, Meredith, “ I’m, I’ll, ” Scheffler, Fred Ridley, “, can’t, ”, Brooks Koepka, Scheffler toasts, Warren Little, Woods, Åberg, –, Jack Nicklaus, Seve Ballesteros, Tiger Woods, ” Woods, ” Åberg, Fuzzy Zoeller, Europe’s, Andrew Redington, Max Homa, Collin Morikawa, England’s Tommy Fleetwood, Rory McIlroy’s, Spain’s Jon Rahm, Ominously, Morikawa, Homa, Mike Segar, Rahm, Jamie Squire, Aberg, Ted Scott Organizations: CNN, Augusta National, Augusta, Golf, PGA Championship, RSM, Getty Locations: Butler, Augusta, Rome, Homa

☆ Fed's Mester still expects rate cuts this year, but rules out May
▼ + stars: | 2024-04-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the next policy meeting in May. Should that continue, rate cuts are likely, though she didn't offer any guidance on timing or extent. While looking for rate cuts, Mester said she thinks the long-run federal funds rate will be higher than the long-standing expectation of 2.5%. After the March meeting, the long-rate rate projection moved up to 2.6%, indicating there are other members leaning higher. Mester noted the rate was very low when the Covid pandemic hit and gave the Fed little wiggle room to boost the economy.

Persons: Loretta Mester, Mester Organizations: Cleveland Federal, Market Locations: Cleveland

☆ MH370 investigation: 10 years on, is the world any closer to finding Malaysia Airlines flight?
▼ + stars: | 2024-03-07 | by ( Chris Lau | ) edition.cnn.com time to read: +12 min

A helicopter takes off from Chinese warship Jinggangshan during an early search for the missing Beijing-bound Malaysia Airlines flight 370 on March 11, 2014. Beijing-bound Malaysia Airlines flight 370 dropped off the radar shortly after departing Kuala Lumpur in the small hours of March 8, 2014. Families of passengers from China and Malaysia on board MH370 during a remembrance event commemorating the 10th anniversary of its disappearance, in Subang Jaya, Malaysia, on March 3, 2024. Hasnoor Hussain/ReutersAviation experts tell CNN that improved detection technology will likely bring families closer to the missing plane than they ever have been, if a search were to be relaunched. Phoenix Autonomous Underwater Vehicle (AUV) Bluefin-21 is craned over the side of Australian Defense Vessel Ocean Shield in the search for missing Malaysia Airlines flight 370 on April 14, 2014.

Persons: MH370, Jiang Hui, ” Jiang, “, ”, Jiang Cuiyun, It’s, V.P.R Nathan, Anne Daisy, Hasnoor Hussain, Anthony Loke, Grace Subathirai Nathan, Adli Ghazali, Oliver Plunkett, it’s, ” Geoffrey Thomas, AirlineRatings.com, Leut Kelli Lunt, Richard Quest, Richard Godfrey, Godfrey, Fred Dufour, AirlineRatings’s Thomas, ” Godfrey, “ I’m, Sarah Bajc, Phil Wood, Bajc, Jiang Organizations: CNN, Malaysia Airlines, Reuters, Reuters Aviation, Malaysian, Transport, Malaysian Transport, Anadolu Agency, Getty, Boeing, Underwater, Australian Defense, Australia Department of Defence, CNN’s, Aviation, Radio, British Aerospace, MH370, British Locations: Beijing, China, Kuala Lumpur, Africa, Malaysia, Subang Jaya, United States, Madagascar, Putrajaya, Australia, Malaysian, Perth, AFP, Asia, Panama, Zhuji

☆ Why parts of the ‘Magnificent 7’ are losing their luster
▼ + stars: | 2024-02-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.

Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China

☆ Pressure Is Building in China’s Financial Plumbing
▼ + stars: | 2023-12-04 | by ( Nathaniel Taplin | ) www.wsj.com time to read: 1 min

China’s money markets are twitchy following problems in the property sector and the insolvency of asset manager Zhongzhi Enterprise Group. Photo: Bloomberg NewsPlumbing is something most of us take for granted—until there’s a problem, at which point things can get messy fast. Likewise for the “plumbing” of modern financial systems: the money markets, where banks and other financial institutions make short-term loans to each other. So given the strains China’s economy is already laboring under—including a slow-motion property sector implosion and the “serious” insolvency of Zhongzhi Enterprise Group, a large asset manager, in its own words—it isn’t a great sign that China’s money markets have recently been throwing off little blips of distress too.

Organizations: Zhongzhi Enterprise, Bloomberg, Plumbing, Zhongzhi Enterprise Group

☆ Henry Kissinger was so revered in China that Xi Jinping personally called him an 'old friend' while snubbing Biden officials
▼ + stars: | 2023-11-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Henry Kissinger was so well-loved in China that Xi Jinping called him an "old friend" in July. China re-affirmed Xi's exact words in response to Kissinger's death on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But it was Kissinger who was warmly received by China's Xi Jinping and his right-hand men in diplomacy, while top-level US officials came and went without a face-to-face meeting with the paramount leader. "The Chinese people never forget their old friends, and Sino-US relations will always be linked with the name of Henry Kissinger," Xi said.

Persons: Henry Kissinger, Xi Jinping, —, Biden, Kissinger, China's Xi Jinping, Xi, Antony Blinken, Janet Yellen, Gina Raimondo, John Kerry, Washington bristled, China's, Li Shangfu, Li, Lloyd Austin, John Kirby, Richard Nixon, Mao Zedong, Zhou Enlai Organizations: Service, State Department, of, National Security Locations: China, Beijing, Washington, United, Communist China

☆ China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground
▼ + stars: | 2023-08-29 | by ( Vivian Wang | More About Vivian Wang | ) www.nytimes.com time to read: +1 min

To the residents and business owners of Chedun, a working-class neighborhood in the southwestern outskirts of Shanghai, the signs of an anemic economy are all around. The factories that once drew workers from around the country have moved away. Around the affordable eateries and motley shops where workers once crowded, employees eagerly latch onto anyone passing by. A gulf has emerged between the Chinese economy as many Chinese are experiencing it, and Beijing’s narrative of it — and that gulf is only widening. For many ordinary Chinese, one of the worst economic slowdowns the country has faced in decades has translated into widespread pessimism and resignation.

Persons: “, ” Cherry Qian Locations: Shanghai

☆ Clash of styles as England, Spain eye Women's World Cup summit
▼ + stars: | 2023-08-19 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +3 min

SYDNEY, Aug 19 (Reuters) - Women's football will crown a first-time champion on Sunday when the ninth Women's World Cup concludes with England and Spain, both proud footballing nations, facing off in an intriguing final in Sydney. For all the excitement that accompanied Australia's run to the semi-finals and Japan's brilliance in the early rounds, the consensus is that England and Spain are worthy first-time finalists. "I think it's going to be a brilliant game," England captain Millie Bright enthused on Saturday. "This was a game we know were on top of, but it's the result that counts," said Spain coach Jorge Vilda. Our team has evolved, our team has grown in this World Cup and mentally we've taken a step up."

Persons: Australia's, Millie Bright, Aitana Bonmati, Salma Paralluelo, Lauren James, Lauren, England's standouts, Jorge Vilda, Sarina Wiegman, Wiegman, Nick Mulvenney, Peter Rutherford Organizations: SYDNEY, Japan, England, Australia, Spain, Sweden, Thomson Locations: England, Spain, Sydney, Australia, New Zealand, United States, Germany, Norway, Japan, Nigeria, Brighton

☆ Ten Hag primed to end false dawns at Man United
▼ + stars: | 2023-08-04 | by ( Aadi Nair | ) www.reuters.com time to read: +3 min

Since United last won the Premier League title under Alex Ferguson in 2013, David Moyes, Louis van Gaal, Jose Mourinho and Ole Gunnar Solskjaer have all failed to revive former glories - but Ten Hag appears to be making progress. Last year, he took charge of a United side that had collected their lowest-ever Premier League points tally (58) in the 2021-22 season and were in a five-year trophy drought. The turnaround has been remarkable, with a top-four finish in the Premier League, the League Cup trophy and a place in the FA Cup final to show for last season. "I think the difference is, with reference to last year, now we have the foundation with this squad," Ten Hag told reporters. If Ten Hag can stop the uncertainty over the club's ownership from spilling over into his dressing room, United have reason to believe they can challenge seriously to win the Premier League and end the recent dominance of Manchester City.

Persons: Erik, Hag, Tony Obrien, Alex Ferguson, David Moyes, Louis van Gaal, Jose Mourinho, Ole Gunnar Solskjaer, Bruno Fernandes, Lisandro Martinez, England's Mason, Andre Onana, David de Gea, Dane Rasmus Hojlund, Marcus Rashford, Cristiano, Harry Maguire, Aadi Nair, Ed Osmond Organizations: Soccer, Manchester United, Newcastle United, Wembley, Carabao, United, Premier League, Ajax, League, FA, Liverpool, Brentford, Manchester City, Sevilla, Atalanta, United's U.S, Wolverhampton Wanderers, Thomson Locations: London, Britain, Casemiro, Bengaluru

☆ A strange signal from deep space has been detected every 22 minutes for more than 30 years. Scientists have no idea what is causing it.
▼ + stars: | 2023-07-24 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

A mysterious object spotted in the cosmos is beaming radio waves toward Earth every 22 minutes. At the end of their life, stars can collapse into neutron stars, superdense objects that pack billions of tons of matter into tiny little spaces, per NASA. Some neutron stars shoot brilliant beams of light and energy from their magnetic poles. This star is crossing the death lineScientists expect pulsating neutron stars to slow down until they reach a "death line." This wasn't the first time a super slow object like this one had been spotted.

Persons: Natasha Hurley, Walker, Hurley, Dr Hurley, Pete Wheeler, ICRAR Organizations: Service, Curtin University, NASA Locations: Wall, Silicon, Australia, Western Australia

☆ CNBC Daily Open: It’s time to talk about the Dow
▼ + stars: | 2023-07-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineLet's talk about the Dow Jones Industrial Average and why it did better than the S&P 500 and the Nasdaq Composite last week. The S&P and the Dow were essentially flat, while the Nasdaq Composite lost 0.22% Friday. On a weekly basis, the S&P advanced 0.79%, the Nasdaq fell 0.57% — but the Dow gained an impressive 2.08%.

Persons: Michael M, Dow, Goldman Sachs, Gamble Organizations: New York Stock Exchange, Santiago, Getty, CNBC, Dow Jones Industrial, Nasdaq, JPMorgan Chase, Apple, Microsoft, Nike, Procter, Nvidia, UnitedHealth, Dow Locations: New York City

☆ CNBC Daily Open: Let’s talk about the Dow
▼ + stars: | 2023-07-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. For the second half, the bank thinks GDP will grow 1.3%, compared with 0.6%. "India and China combined will make up 2 million barrels a day of demand pick-up in the second half of this year," he said. The bottom lineLet's talk about the Dow Jones Industrial Average and why it did better than the S&P 500 and the Nasdaq Composite last week.

Persons: Michael M, Tesla, Wood, Morgan Stanley, Joe Biden's, Ellen Zentner, Joseph McMonigle, McMonigle, Sarah Min, Dow, Goldman Sachs, Gamble Organizations: New York Stock Exchange, Santiago, Getty, CNBC, Nasdaq, KE Holdings, Joe Biden's Infrastructure Investment, Jobs, International Energy, Federal Reserve, Dow Jones Industrial, JPMorgan Chase, Apple, Microsoft, Nike, Procter, Nvidia, UnitedHealth, Dow Locations: New York City, China, U.S, India

☆ In ‘Barbie’ vs. ‘Oppenheimer,’ the Real Winner May Be the Box Office
▼ + stars: | 2023-07-18 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +2 min

Fury of the Gods” and “Fast X.”The latest “Mission: Impossible” film arrived last weekend to solid results, but below what Hollywood had been expecting. “Oppenheimer” is based on the 2005 biography “American Prometheus” by Kai Bird and Martin J. Sherwin. “Both studios went all-in on original films, directed by notable auteurs with an interest in pushing the envelope,” said Paul Dergarabedian, a senior Comscore analyst. “Barbie” is aimed at women, while “Oppenheimer” has the edge with men. One represents what many cinephiles loathe about Hollywood: movies based on toys.

Persons: moviegoing, John Wick, Indiana Jones, ”, Mario, III, Barbie, “ Oppenheimer, Kai Bird, Martin J, Sherwin, Paul Dergarabedian, ” “ Barbie ”, — Margot Robbie, Ryan Gosling —, Cillian Murphy, “ Barbie ”, “ Oppenheimer ” Organizations: Hollywood, Mario Bros, “ Locations: United States, Canada

☆ Opinion | What’s the Story With Colleen Hoover?
▼ + stars: | 2023-07-06 | by ( Pamela Paul | ) www.nytimes.com time to read: +2 min

There are the novels the literary world acclaims and there are the novels people actually read. With rare exceptions, these books are written by women, for women. And for the past few years, these books have been written by Colleen Hoover. In 2022 alone, Hoover’s novels sold 14.3 million copies and in total, more than 24 million copies to date. As Hoover herself explained her popularity in an interview in The Times: “It’s not me.

Persons: Colson Whitehead, Margaret Atwood, James, Stephanie Meyer’s, Meyer, Anne Rice, Danielle Steel, Sidney Sheldon, Judith Krantz, Jackie Collins, Tom Clancy, Colleen Hoover, Hoover, ”, “ Organizations: The Times Locations: Ocean, Rice’s, TikTok

☆ Exclusive: Repsol to invest $550 million in first Italian renewable projects
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 17 (Reuters) - Spanish oil company Repsol (REP.MC) will develop more than 1.7 gigawatts (GW) of renewable energy projects in Italy, costing around 500 million euros ($550 million), the company's renewables head told Reuters. The returns available from renewable projects have been under pressure over the past few years due to rising commodity and component costs and supply chain issues. However, Costeira said Repsol's target of double digit returns on renewable investments was still achievable. Repsol said it expected to spend around a quarter of its capital spending on renewable projects this year. The bulk of Repsol's existing renewable portfolio is in Spain with some capacity also in the United States, Chile and Portugal.

☆ The Baby Boomer Retirement Surge Will Spark a Forever Labor Shortage
▼ + stars: | 2023-05-15 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

We're entering what is shaping up to be the Forever Labor Shortage. So what does the Forever Labor Shortage mean for workers in the years ahead? But perhaps the biggest change prompted by the labor shortage won't be how employers hire — it will be who they hire. In the Forever Labor Shortage, all labor is going to be in demand. That means the Forever Labor Shortage will be more an ongoing battle than an enduring peace.

☆ It's the U.S., not Europe's banking system that's a concern, top economists say
▼ + stars: | 2023-03-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

A central theme at the Ambrosetti Forum in Italy on Thursday and Friday was the potential for further instability in financial markets, arising from problems in the banking sector — particularly against a backdrop of tightening financial conditions. The move of 2018 was part of a broad rollback of banking rules put in place in the aftermath of the crisis. Although lauding the progress made in Europe, Papaconstantinou emphasized that it is too early to tell whether there is broader weakness in the banking system. It is not an environment where we can sit back and say, 'okay, this was just two blips, and we can continue as usual'. "We learnt the lessons of the financial crisis, there's been deep restructuring in this decade, and they are in a stronger position than in the past, obviously."

☆ Nike outruns its competitors
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

Its challenges include unsold goods it has to shift, an 8% drop in year-on-year sales in China, and falling gross profit margins. Nike is nonetheless in a relatively enviable position. Nike is also sporting a five-year total shareholder return of 105%, where Adidas and Under Armour’s are both negative. Even with blips, that shows it has been a better long-term run for investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

LONDON, March 16 (Reuters) - Banks should largely be able to cope with "unrealised losses" on bonds and the collapse of Silicon Valley Bank, top credit ratings agencies S&P Global and Moody's said on Thursday, although they remained guarded on Credit Suisse's woes. "At this stage, we view the risks from unrealized losses as manageable," S&P said in a report published just days after the collapse of Silicon Valley Bank, a lender it had rated as 'investment grade' until the day it fell. Rival agency Moody's also offered its balm to the Credit Suisse jitters, saying that while it would "act appropriately" with the Swiss bank's rating, Europe's lenders remain in fundamentally good health. "That kind of confidence shock that we've just seen from the U.S. is bound to have some impact," Hill said. Reporting By Marc Jones and Lawrence White Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

☆ UK business activity unexpectedly rebounds in February -flash PMI
▼ + stars: | 2023-02-21 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

"Much better than anticipated PMI data for February indicate encouraging resilience of the economy," said S&P Global Chief Business Economist Chris Williamson. "While many companies continue to report tough operating conditions, especially in the manufacturing sector, the broader business mood has been buoyed by signs of inflation peaking, supply chains improving and recession risks easing." Williamson added that the survey data boosted the likelihood of a BoE rate hike next month, something which most economists polled by Reuters already expect. The PMI for the services sector rose to 53.3 in February from January's 48.7, the highest reading since June last year. Factory activity continued to contract but at a much reduced pace, with the manufacturing PMI increasing to 49.2 from 47.0, close to 50, the no-change mark.

From almost nothing five years ago, the institutional residential property market has grown to the point where investors say housing is starting to challenge office buildings as a focus for their cash. And higher yields and scope for growth are spurring new projects, market players say. "We are currently surprised ourselves by the speed of the change and how the market is changing," he told Reuters. "Many institutional investors are looking to gain the first mover advantage and moving in," Wysokińska-Kuzdra told Reuters. The war in Ukraine has also created uncertainty, so that some investors are focused only on finishing current projects.

Since the early days of the invasion, Mr. Putin has conceded, privately, that the war has not gone as planned. “I think he is sincerely willing” to compromise with Russia, Mr. Putin said of Mr. Zelensky in 2019. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. “I think this war is Putin’s grave.” Yevgeny Nuzhin, 55, a Russian prisoner of war held by Ukraine, in October.

☆ Argentina vs Netherlands: 'Aging genius' Lionel Messi looking to inspire La Celeste
▼ + stars: | 2022-12-08 | by ( George Ramsay | ) edition.cnn.com time to read: +5 min

CNN —Lionel Messi and Argentina are three games away from winning the World Cup, but against the Netherlands they will face their toughest test of the tournament so far. Friday’s quarterfinal at the Lusail Stadium is a compelling match-up, not least because of the World Cup history between the two teams. With three goals – including a superb strike against Mexico and a well-worked move against Australia – and one assist from four games, Messi is the heartbeat of this Argentina team, even in the twilight of his career. “You can see he’s happy and, for us, that’s very important.”Yet this Argentina team is more than just Messi. “It’s not about me, or the Netherlands, against Messi, it’s about the Netherlands against Argentina,” the Netherlands captain Virgil van Dijk told reporters this week, according to Reuters.

☆ Explainer: Yen is past key 150 threshold. What's next?
▼ + stars: | 2022-10-21 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

An employee of the foreign exchange trading company Gaitame.com works in front of monitors showing the Japanese yen exchange rate against the U.S. dollar at its dealing room in Tokyo, Japan, October 21, 2022. Below are details on how Japanese policymakers could respond:WHAT HAPPENED SINCE JAPAN'S LAST YEN-BUYING INTERVENTION? Register now for FREE unlimited access to Reuters.com RegisterSince then, policymakers have repeatedly threatened to act against volatile yen moves. Policymakers have repeatedly said they are looking at the speed of yen moves, not its level, in deciding whether to intervene. That means Tokyo will avoid intervening in a way that appears as if it is defending a certain yen level.

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