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☆ I tested the game-changing F-35 stealth fighter, an incredible jet that demands more than just great flying skills from its pilots
▼ + stars: | 2023-11-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Billie Flynn spent years as a pilot in the testing program for the F-35 stealth fighter jet. I was involved with the F-35 program for essentially 20 years after coming over to Lockheed Martin from the Eurofighter Typhoon program. AdvertisementAdvertisementA Lockheed Martin F-35 fighter jet performs its flight display at Le Bourget on June 20, 2017 during the International Paris Air Show. So there really are pilots who are better than others, but as a test pilot, that flying skill is what keeps us alive. And I think that's thanks to incredible engineers, incredible designers and incredible military fighter pilots who were instrumental in developing the airplane.

Persons: Billie Flynn, —, Lockheed Martin, It's, CHRISTOPHE ARCHAMBAULT, Yuriko Nakao Organizations: Service, Royal Canadian Air Force, Lockheed, Eurofighter, International Paris Air, Getty, Le, Paris Air Locations: Le Bourget, AFP, Paris, France

The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 trillion financial sector. “Overall, the financial sector in China has made progress but at this moment they face challenges,” said Nakao. Last week, Xi reportedly visited the central bank, or People’s Bank of China, a rare step that underscores the party’s consolidation of controls over markets and financial institutions. Country Garden, another major developer, failed last week to meet a deadline to pay interest on a dollar bond. It has adopted measures to support private industries, which provide the lion's share of jobs in China.

Persons: —, Xi Jinping’s, Takehiko Nakao, China’s, ”, Li Keqiang, Li, shakeup, Xi, Lan Fo’an, Evergrande, Hui Ka Yan, Zen Soo Organizations: Financial Work Conference, Asian Development Bank, Central Financial Commission, China Securities Regulatory Commission, People’s Bank of, International Monetary Fund, AP Locations: BANGKOK, Beijing, China's Guangzhou, “, China, People’s Bank of China, Hong Kong, Foshan

TOKYO (AP) — An executive at Japanese publishing house Kadokawa was found guilty Tuesday of bribing a former Tokyo Olympics organizing committee member. Toshiyuki Yoshihara, charged with paying 69 million yen ($463,000) to Haruyuki Takahashi, was given a two-year prison sentence, suspended for four years. The punishment was suspended because Yoshihara had expressed remorse, and his wife had promised to watch over him, Nakao said. At the center of the scandal is Takahashi, a former executive at advertising company Dentsu, who joined the Tokyo Olympic organizing committee in 2014, and had great influence in arranging sponsorships for the Games. Maniwa, accused of depositing the money to Takahashi’s account, was given a suspended sentence in June.

Persons: Toshiyuki Yoshihara, Haruyuki Takahashi, Yoshihisa Nakao, Yoshihara, Kadokawa, ” Nakao, Nakao, “, ”, denting, Yasuhiro Yamashita, Takahashi, Sun, Kyoji Maniwa, Maniwa, Hironori Aoki, Shinichi Ueno, Yuri Kageyama Organizations: TOKYO, Kadokawa, Tokyo Olympics, Tokyo Games, Kadokawa Group, Japanese Olympic, Tokyo Olympic, Games, Aoki Holdings, Daiko, Inc, Paris Locations: Tokyo, Japan, Sapporo, paris

☆ Diamond prices have fallen 18% from their peak — and analysts say there's still more room to plunge
▼ + stars: | 2023-06-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

Diamond prices are down 18% from their all-time highs in February 2022, and are lower 6.5% year-to-date, according to one Global Rough Diamond Price Index. "A slightly better-than-average-quality 1-carat natural diamond was $6,700 a year ago, today this same diamond is selling for $5,300," Paul Zimnisky, the CEO of Paul Zimnisky Diamond Analytics, told CNBC. And when the economy started opening up again, diamond prices started moderating, and slid into a "steep decline," he added. said 29-year-old Singaporean Jonathan Lok, who proposed to his fiancée with a 0.76 carat lab-grown diamond ring late last year. The lab-grown diamond industry, which is energy-intensive, have also been seeing soaring energy costs taper off from its peak.

Persons: Diamond, Yuriko Nakao, Nakao, they're, Paul Zimnisky, Leon Neal, Daga, Jonathan Lok, Edahn Golan, Monirul Bhuiyan Organizations: Getty, Analytics, CNBC, Consumers, Bain & Company, Afp, Bloomberg, Edahn, Edahn Golan Diamond Research &, Labor, Sanctions Locations: Antwerp, Belgium, Harrods, London, Paris, France, Jwaneng, Botswana

☆ Dollar edges lower after US retail sales data
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: 1 min

[1/2] A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko NakaoTOKYO, May 16 (Reuters) - The U.S. dollar slipped on Tuesday after data showed retail sales in April came in lower than expected, backing expectations that the Federal Reserve will pause raising rates next month. The dollar index was last down 0.1% at 102.33Reporting by Kevin Buckland Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

TOKYO, April 7 (Reuters) - The Bank of Japan (BOJ) should be cautious about changing its unconventional monetary policy for now, given financial market uncertainty due to problems in Western banks, former top financial diplomat Takehiko Nakao told Reuters in an interview. Nakao made the comments amid speculation the BOJ may abandon its yield curve control policy when new Governor Kazuo Ueda takes over incumbent Haruhiko Kuroda, whose term ends on April 8. U.S. bank failures and the buyout of Credit Suisse by UBS last month have driven financial market risk aversion. Nakao said the BOJ must carefully monitor market developments, for now, although credit anxiety was unlikely to morph into anything like the 2008/09 global financial crisis. "Yet, the BOJ cannot continue unconventional monetary policy, including ETF and REIT purchases and YCC, indefinitely.

☆ Rice into low-carbon plastic: bringing hope to a struggling Fukushima town
▼ + stars: | 2023-03-09 | by ( Elaine Lies | ) www.reuters.com time to read: +5 min

Last November, Tokyo-based firm Biomass Resin opened a factory in Namie to turn locally-grown rice into pellets. "Even now, we can't sell it as Fukushima rice. The same wave slammed into the nuclear plant, setting off meltdowns and explosions. "Namie was hit by four disasters - the quake, the tsunami, the reactor accident and then rumours about radiation danger," said Takemitsu Imazu, president of Biomass Resin Fukushima. The plastic isn't biodegradable, Imazu said, but using rice cuts the petroleum products involved - and growing more rice in Namie reduces overall atmospheric CO2.

TOKYO, Dec 27 (Reuters) - The Bank of Japan (BOJ) has modified its stimulus measures to ease the transition away from an unconventional monetary policy when Governor Haruhiko Kuroda retires in April, former top currency diplomat Takehiko Nakao told Reuters in an interview. "The BOJ has not succeeded so much in raising inflation expectations and bringing down real interest rates while side-effects became larger. "The yen was too strong back then, but now the yen is clearly too weak," Nakao said, declining to specify preferred levels under current circumstances. Nakao said Japan's waning economic power and its excessively expansionist policy are weighing on the yen and making Japanese assets vulnerable to takeovers by overseas investors. "It is helpful that raising interest rates lead to some strengthening of the yen."

☆ Retailers Pull Back From Using Chartered Cargo Ships
▼ + stars: | 2022-12-23 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

Retailers are moving away from using chartered ships to get around pandemic-triggered disruptions now that congestion at ports has cleared and pressures in supply chains have eased. A representative for Home Depot said it stopped using chartered vessels earlier this year as space opened up in global shipping. Party City started booking space on chartered vessels in mid-2021 in advance of Halloween, its busiest time of year, said Bruce Dzinski, Party City’s director of international transportation. Will Harwood, a spokesman for Lidl, said Tailwind owns two container ships and can carry additional cargo on other chartered vessels. Most other companies, like Home Depot and Costco, relied on third-party companies to operate chartered ships.

☆ What’s gone wrong at Beyond Meat
▼ + stars: | 2022-12-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

And fierce competition is squeezing sales, including in frozen, plant-based chicken, a category that is growing while refrigerated plant-based meat sales falter. “We believe that healthy competition within plant-based meat is a good thing as it brings investment in marketing to the category,” said Brown during the November analyst call. It’s true that the plant-based meat pie is smaller these days. Ground plant-based meat fell about 19%, and patties were down 30% in that period. It launched a retooled version, Beyond Chicken Tenders, in stores in 2021, and has built its plant-based chicken portfolio since then.

☆ HSBC will have to share custody with JPMorgan of $52 bln in gold bars
▼ + stars: | 2022-12-01 | by ( Peter Hobson | ) www.reuters.com time to read: +2 min

[1/2] Gold bars are displayed during a photo opportunity at the Ginza Tanaka store in Tokyo September 7, 2009. HSBC had been the sole custodian for SPDR Gold Trust, also known as GLD, since it launched in 2004. The bank currently stores about 910 tonnes of gold for GLD in London -- around a quarter of all the gold held for ETFs globally. Cavatoni said the WGC's agreement with JPMorgan allowed it to store gold in the United States and Switzerland but for the time the fund intended continue storing all its gold in London. HSBC said: "We're pleased to continue acting as a custodian for the World Gold Council's SPDR Gold Trust."

☆ How to keep your crypto safe by moving it offline into your own wallet
▼ + stars: | 2022-11-15 | by ( Sofia Pitt | ) www.cnbc.com time to read: +4 min

Cold storage can protect your digital assets by taking them offline and harboring your crypto in a digital wallet. If you're interested in moving your crypto into cold storage, here's how to get started. Types of cold storage walletsThere are a number of cold storage wallets you can buy to get started. How to move your cryptocurrency to cold storageIt's important to buy your cold storage wallet directly from the manufacturer. Once you have a pin, you'll be able to add your crypto to your cold storage wallet by clicking receive, which will show you your cold storage wallet's address.

☆ Sapporo Holdings investor 3D writes to external directors seeking overhaul -Nikkei
▼ + stars: | 2022-11-07 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Cans of Sapporo Holdings' beer are aligned during a photo opportunity at the company's lobby in Tokyo February 16, 2011. REUTERS/Yuriko NakaoTOKYO (Reuters) - Sapporo Holdings Ltd investor 3D Investment Partners has reached out to the Japanese beer maker’s five external directors seeking major changes in an attempt to improve its performance, the Nikkei business daily reported on Monday. Unhappy with Sapporo’s low profit margins and return on equity, the Singapore-based fund has asked the five outside directors to postpone the announcement of a new business plan scheduled on Wednesday, among other requests, the paper said. 3D Investment Partners and Sapporo Holdings declined to comment on the report. In a letter to the directors dated Nov. 3, the fund noted that Sapporo Holdings had failed to meet its sales target during the past 15 years, and that its return on equity (ROE) averaged 2% in the past five years - far lower than rivals Kirin Holdings’s 14% and Asahi Group Holdings’s 11%, the Nikkei said.

☆ 5 things to know before the stock market opens Friday
▼ + stars: | 2022-09-16 | by ( Candice Choi | ) www.cnbc.com time to read: +4 min

Here are the most important news items that investors need to start their trading day:Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Stock futures fallWall Street was headed toward another down week with U.S. stock futures lower Friday. A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Bed Bath & Beyond closuresWhen Bed Bath & Beyond announced last month that it would close roughly 150 of its "lower producing" namesake stores, many people wondered if the location near them would be among those shuttered. In late August, Bed Bath said that it secured more than $500 million in new financing ahead of the key holiday season and that it was trimming its workforce, in addition to the store closures.

☆ He was my high school journalism teacher. Then I investigated his relationships with teenage girls.
▼ + stars: | 2022-05-16 | by ( Matt Drange | ) www.businessinsider.com time to read: +40 min

It was a hot July day and the classroom at Rosemead High School should have been empty. (Christopher Vu for Insider) Show less Rosemead High School sits just east of Los Angeles in the San Gabriel Valley. Burgess as an upperclassman at Rosemead High School with the former teacher Hugh Zegers, center, and classmates. The author interviewing Rod Marinelli, a Rosemead High School alum who was then coaching the Detroit Lions, for the Rosemead student newspaper, the Panther's Tale. The author and a classmate, Amy Julia Harris, beside their journalism teacher Burgess at graduation night in June 2007.

Persons: Eric Burgess, Burgess, Brian Bristol, Christopher Vu, Alex Rai, Brian Day, —, Edward Zuniga, I'd, Dwain Crum, Harold Greenberg, Rai, Paul Arevalo, Arevalo, Diane Bladen, Rosemead, Bladen, Eric, weren't, Hugh Zegers, Rebecca Zisser, who'd, Miley Cyrus, Miley Cyrus Eric Burgess, Rod Marinelli, groomers, Daniel Pollack, Pollack, Matt Drange, Mia Nakao, Nakao, Lois Heilemann, Heilemann, Mia Nakao's, …, Larry Callaham, Catherine, fondling, She'd, they'd, Catherine grappled, Terri Amborn, Amborn, Sarah, she'd, Burgess's, didn't, Burgess texted Sarah, couldn't, Burgess wouldn't, I'm, Uber, Felipe Ibarra, I've, he'd, Sarah doesn't, She's, Amy Julia Harris, Harris Organizations: Rosemead, Bristol, Rosemead High, Facebook, School, Detroit Lions, High School, Rosemead High School, High, Cal State LA, Tower Records, Monte Union High School District, Starbucks Locations: Bristol, Burgess, Rosemead, Gabriel Valley, Los Angeles, San Gabriel Valley, California, McDonald's, Detroit, chameleons, Bladen, mdrange

☆ How to mine doge, plus a playbook for trading meme stocks
▼ + stars: | 2021-07-11 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Yuriko Nakao/Getty ImagesHello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Dason ThomasDason Thomas says he began mining crypto in his garage to earn altcoins like doge and litecoin.

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