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☆ Japan’s economy contracts in first quarter
▼ + stars: | 2024-05-15 | by ( ) edition.cnn.com time to read: +2 min

Tokyo Reuters —Japan’s economy contracted in the first quarter, squeezed by weaker consumption and external demand and throwing a fresh challenge to policymakers as the central bank looks to lift interest rates away from near-zero levels. The reading translates into a quarterly contraction of 0.5%, versus a 0.4% decline expected by economists. “Japan’s economy hit the bottom in the first quarter,” said Yoshimasa Maruyama, chief market economist at SMBC Nikko Securities. “The economy will certainly rebound this quarter thanks to rising wages although uncertainty remains on service consumption.”Capital spending, a key driver of private demand, fell 0.8% in the first quarter, versus an expected decline of 0.7%, despite hefty corporate earnings. External demand, or exports minus imports, knocked 0.3 of a percentage point off first quarter GDP estimates.

Persons: Downwardly, ”, Yoshimasa Maruyama Organizations: Tokyo Reuters, Nikko Securities, ”, Daihatsu, Bank of Japan Locations: Tokyo, “, Noto, Toyota’s

☆ Super-aged Japan now has 9 million vacant homes. And that’s a problem
▼ + stars: | 2024-05-07 | by ( Chris Lau | Mayumi Maruyama | ) edition.cnn.com time to read: +6 min

“This is a symptom of Japan’s population decline,” said Jeffrey Hall, a lecturer at Kanda University of International Studies in Chiba. “It’s not really a problem of building too many houses” but “a problem of not having enough people,” he said. According to figures compiled by the Ministry of Internal Affairs and Communications, 14% of all residential properties in Japan are vacant. “When an earthquake or a tsunami occurs, there is a possibility that vacant houses will block evacuation routes as they break down and get destroyed,” he said. In other rural areas with a high concentration of vacant houses, akiya have stalled development, the professor said.

Persons: ”, Jeffrey Hall, “ It’s, don’t, Akio Kon, it’s, “ They’re, Buddhika Weerasinghe, Yuki Akiyama, Akiyama, ” Akiyama Organizations: CNN, Kanda University of International Studies, Ministry of Internal Affairs and Communications, Kanda University, “, Bloomberg, Getty, Ministry, Internal Affairs, Communications, Tokyo City University, Homes Locations: Japan, New York City, Tokyo, Kyoto, Chiba, Kanda, Yato, Yokosuka City, Kanagawa prefecture, Tambasasayama, Noto, Ishikawa, Europe, West, “

☆ SoFi CEO on Q1 earnings
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO on Q1 earningsAnthony Noto, SoFi CEO, joins 'Squawk on the Street' to discuss the stock reaction following the company's quarterly earnings results, Noto's insights on credit quality, and more.

Persons: Anthony Noto Locations: SoFi

Tatum told The Associated Press in an interview how he wants to help others in his hometown of St. Louis get that feeling themselves and buy their own homes. He said financial services company SoFi has given the Jayson Tatum Foundation $1 million to help do that. It also offers scholarships to St. Louis high school students along with mentoring. The company also announced a partnership with the NBA to be its official banking partner and is sponsoring the SoFi NBA Play-in Tournament in April. “There are some really good people in St. Louis — people who are really trying to help change their life and their situation.

Persons: Jayson Tatum, ”, Tatum, Louis, SoFi, Brandy Cole, Barnes, “, ” Tatum, St . Louis, Anthony Noto, Jason Belinkie, ” Belinkie, Andrew Morton, Handler Thayer, ” Morton, Louis — Organizations: Boston Celtics, Eastern Conference, Associated Press, St, Fund, NBA, Celtics, Hope, Lilly Endowment Inc, AP Locations: St ., St, SoFi

☆ He moved to Italy with his husband. Then his ex-wife bought a home down the road
▼ + stars: | 2024-02-03 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +14 min

Over five decades later, Randy Allen and Cindy Harding Nannarelli from the US are both living in Italy with their husbands. In fact, the two couples’ homes in Noto, Sicily are located just a short distance from each other. “There was a long period where we lost touch,” says Randy, explaining that he moved around a lot during that time. Randy AllenAs Steve had never been to Italy before, they traveled there soon after, and Randy was able to introduce his new husband to Cindy and Sandro. Randy, Steve and Cindy have all found life in Italy to be more affordable than in the US.

Persons: CNN —, Randy Allen, Cindy Harding Nannarelli, ” Randy, Randy, Cindy, Randy Allen “, ”, “, Sandro, Italy “, Steve Bertiz, Steve, Mimi, Lola, Donald Trump, Steve “, Florence –, they’d, grandmother’s, wouldn’t, ‘, ’ ” Randy, Luigi, they’ve, Giorgia Meloni, ’, Fried, ” Cindy, Sandro wasn’t, “ Noto, “ We’re, you’re Organizations: CNN, CNN Travel, Social Security Locations: California, Italy, Noto, Sicily, Europe, Italian, Florence, Germany, Mexico, Portugal, ”, San Francisco, Noto , Sicily, Noto . “, American, Greece, America

Two idled reactors at Shika nuclear power plant on the Noto Peninsula in Ishikawa suffered power outages because of damage to transformers. All Japanese nuclear power plants were temporarily shut down after the 2011 Fukushima nuclear disaster for safety checks under stricter standards. They are asking officials to freeze the screening process while damage at the Shika nuclear plant is fully examined and safety measures are implemented. Nuclear safety officials have noted that the extensive damage suffered by houses and roads in the area of the Shika plant make current evacuation plans largely unworkable. Hundreds of other residents of towns hosting nuclear plants submitted similar requests to regulators and Prime Minister Fumio Kishida earlier this week.

Persons: Susumu Kitano, Fumio Organizations: TOKYO, Hokuriku, Co, Nuclear, Authority Locations: Ishikawa, Noto, Tokyo, Kanazawa, Fukui prefecture, Niigata prefecture

☆ Japan Earthquake Survivors Battle Unsanitary Conditions With No Running Water
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

By Sakura Murakami and Tom BatemanSUZU, Japan (Reuters) - A month on from a huge earthquake that struck Japan's west coast, survivors are battling freezing and unsanitary conditions while tens of thousands of homes remain without running water. More than 230 people died in the magnitude 7.6 quake, Japan's deadliest in eight years, which also left 44,000 homes fully or partially destroyed while 40,000 have no running water. More than 13,000 residents are living in evacuation centres, according to the Ishikawa government. Bitter cold is also posing a challenge, especially for scores of residents who are sleeping in their cars after their homes were wrecked. Over 900 deaths from the devastating Kobe earthquake of 1995 happened after the quake, due in part to the spread of flu and lack of medical care at evacuation centres, according to public health experts.

Persons: Sakura Murakami, Tom Bateman SUZU, Yoshio Binsaki, Ishikawa, Chisa, Terashita, Tom Bateman, Edmund Klamann Locations: Japan, Ishikawa prefecture, Suzu, Kobe

☆ A government employee bought a wildly expensive sex doll to promote kimonos to tourists. Now the scandal's blowing up.
▼ + stars: | 2024-01-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewAuditors have rapped the Tokushima Prefectural Government for purchasing an "extremely expensive" sex doll to promote the city's tourism. The exhibition was meant to promote the prefecture's traditional indigo-dyeing art, so the doll was clad in an indigo-dyed summer kimono, per the Mainichi. Officials initially used a pair of cheaper mannequins — not the sex doll — at the exhibition in June 2017. AdvertisementBut in July, an unnamed male official decided to replace the mannequins with the sex doll. The auditors dismissed the prefecture's claims that the sex doll was more effective at drawing tourists than the mannequins.

Persons: —, he'd, Masazumi Gotoda Organizations: Service, Tokushima Prefectural Government, Business, Tokushima Awaodori Airport, Mainichi Shimbun, Mainichi . Officials, Mainichi, COVID, Yahoo Japan Locations: Tokushima Prefectural, Tokushima, Noto

☆ SoFi CEO Anthony Noto on Q4 earnings beat
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto on Q4 earnings beatSoFi CEO Anthony Noto joins 'Squawk on the Street' to discuss the key drivers for the company's strong quarter, what SoFi sees ahead for the economy in 2024, and if wage growth has impacted business.

Persons: Anthony Noto, SoFi

☆ U.S. Military in Japan to Deploy to Earthquake-Hit Area - Sources
▼ + stars: | 2024-01-15 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

TOKYO (Reuters) - U.S. military forces in Japan are set to deploy to the earthquake-hit Noto peninsula to help with relief efforts, sources familiar with the matter said. Details of the mission are expected to be announced later on Tuesday, the sources said on condition of anonymity as the plans have not yet been made public. The quake is Japan's deadliest since 2016 when quakes in the southwestern region of Kumamoto claimed 276 lives. U.S. forces have been stationed in Japan since World War II, marking the country's biggest military presence abroad. (Reporting by Yukiko Toyoda, Nobuhiro Kubo, Tim Kelly, Kaori Kaneko; Writing by John Geddie; Editing by Michael Perry)

Persons: Yukiko Toyoda, Nobuhiro Kubo, Tim Kelly, Kaori Kaneko, John Geddie, Michael Perry Organizations: Authorities Locations: TOKYO, Japan, Noto, Kumamoto, U.S

☆ Japan takes earthquake safety seriously. Here's how its culture of preparedness keeps so many people alive.
▼ + stars: | 2024-01-05 | by ( Jenny Mcgrath | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

With its history of natural disasters, Japan is one of the countries best prepared for emergencies. Japan now has some of the strictest building codes of any country in the world, The New York Times reported after the 2011 earthquake. Japan installs resilient infrastructureMuch like its buildings, Japan has the experience and the money to fortify its infrastructure against earthquakes. During that 2011 disaster, rapid response teams were able to quickly repair roads to help move supplies and assistance to affected areas. According to the World Bank, historical knowledge may have helped save lives during Japan's 2011 tsunami.

Persons: —, Daniel Aldrich, Aldrich, he's, Kim Kyung, They're Organizations: Service, Reuters, World Bank, Northeastern University, Japan, New York Times, BBC News, Officials, Universal Studios Japan, Kyodo, REUTERS, Japan Meteorological Society, Japan Railways, Japan Times, Guardian, KYODO, Japan Meteorological Agency, NOAA Locations: Japan, Noto, Turkey, Syria, Haiti, Pakistan, Wajima, Tokyo, Mashiki, Kumamoto, Fukushima, Natori

☆ Space photos show Japan's 7.6-magnitude earthquake lifted land out of the sea, extending parts of its coastline by as much as 2 football fields
▼ + stars: | 2024-01-05 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

Japan's Noto Peninsula has newly exposed beaches due to the earthquake that struck Monday. Locals who were fishing at the time, reported the entire coastline uplifted when the quake hit. AdvertisementAccording to satellite imagery, Japan's Noto Peninsula was rattled and slightly enlarged when a 7.6-magnitude earthquake struck on January 1. Muck on the side of structures at Kaiso Fishing Port shows where they used to be underwater, after the earthquake uplifted the land. Earthquake Research Institute, University of TokyoThe Geospatial Information Authority of Japan published a preliminary satellite analysis of the Noto Peninsula.

Persons: —, Muck Organizations: Service, Earthquake Research Institute, University of Tokyo, Geospatial, Authority of Japan, JAXA, Geospatial Information Authority Locations: Noto, Noto Peninsula, Fishing, Japan

☆ Satellite photos of earthquakes in Japan in 2024 and 2011 show the destruction each left in its aftermath
▼ + stars: | 2024-01-04 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Satellite image ©2024 Maxar TechnologiesDuring the 2024 earthquake, buildings and homes were leveled in Wajima. Satellite image ©2024 Maxar TechnologiesBoats capsized off the coast of Suzu City when the 2024 earthquake hit. Satellite image ©2024 Maxar Technologies. Satellite image ©2024 Maxar TechnologiesRoads cracked open as a result of the 2024 earthquake. ASSOCIATED PRESS (left) / Satellite image ©2024 Maxar Technologies (right)The total death toll and overall destruction from the 2024 quake are still unclear as rescuers scramble to save people trapped under rubble.

Persons: —, it's, Suzu's, Masuhiro Izumiya Organizations: Service, Japan Meteorological Agency, Fukushima, International Tsunami Information, Ministry of Foreign Affairs of Japan, National Oceanic, Atmospheric Administration, BBC, Guardian, Technologies, Washington Post, Japan Times, AP News Locations: Japan, Noto Peninsula, Sendai, Ishinomaki, Natori Port, Fukushima, Wajima, Suzu City, Noto, Suzu, Turkey

☆ Cramer's Lightning Round: 'I remain a buyer' of SoFi
▼ + stars: | 2023-11-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Barrick Gold's year-to-date stock performance. Stock Chart Icon Stock chart icon Generac's year-to-date stock performance. Stock Chart Icon Stock chart icon Golden Ocean's year-to-date stock performance. Stock Chart Icon Stock chart icon Guardant Health's year-to-date stock performance. Stock Chart Icon Stock chart icon Walgreens' year-to-date stock performance.

Persons: Guardant Organizations: Barrick, Guardant, Walgreens

☆ SoFi CEO: The bigger driver for Q3 was tech platform and personal loans, not student loans
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO: The bigger driver for Q3 was tech platform and personal loans, not student loansSoFi CEO Anthony Noto joins 'Squawk on the Street' to discuss the company's quarterly earnings results, technology platform guidance, and more.

Persons: Anthony Noto

☆ Lightning Round: I think Anthony Noto is a steady hand for SoFi, says Jim Cramer
▼ + stars: | 2023-10-04 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I think Anthony Noto is a steady hand for SoFi, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Upstart Holding, Altria, SoFi and Nextera Energy.

Persons: Anthony Noto, Jim Cramer Organizations: Nextera Energy

☆ Cramer's Lightning Round: Upstart is 'a little too risky'
▼ + stars: | 2023-10-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Upstart's year-to-date stock performance. Upstart : "It's a little too risky for me, it's losing money. Stock Chart Icon Stock chart icon Altria's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance. Stock Chart Icon Stock chart icon Nextera's year-to-date stock performance.

Persons: it's, I've Locations: Noto

☆ Jim Cramer goes one-on-one with SoFi CEO Anthony Noto
▼ + stars: | 2023-09-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer goes one-on-one with SoFi CEO Anthony NotoSoFi CEO Anthony Noto joins 'Mad Money' host Jim Cramer to talk quarterly growth in membership, consumer trends, competition in the banking sector and more.

Persons: Jim Cramer, Anthony Noto

☆ SoFi CEO Anthony Noto: We're stealing share from the big banks
▼ + stars: | 2023-09-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: We're stealing share from the big banksSoFi CEO Anthony Noto joins 'Mad Money' host Jim Cramer to talk quarterly growth in membership, consumer trends, competition in the banking sector and more.

Persons: Anthony Noto, Jim Cramer

☆ SoFi CEO talks second-quarter growth and 'stealing share' from big banks
▼ + stars: | 2023-09-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Anthony Noto, CEO of digital banking and personal finance company SoFi , told CNBC's Jim Cramer the company has been able to grow immensely since it received its banking license. The company has its roots in financing student loans but was licensed to become a bank last year. SoFi's second-quarter report showed the company had gained more than 584,000 new members during the quarter, with more than 6.2 million total members, up 44% year over year. Noto added that SoFi is attracting customers with its mobile-first technology and financial products such as personal loans to pay off credit card debt, as well as student loan refinancing. "If you have a student loan, you want to lower your monthly payment, you're able to do that either via a lower rate or extending the term," Noto said.

Persons: Anthony Noto, CNBC's Jim Cramer, we've, SoFi's, Noto Locations: FactSet

☆ Cramer's Lightning Round: Hold DraftKings
▼ + stars: | 2023-08-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance.

Persons: we'll, I'm, It's, Anthony Noto, we're, they're, Let's, DraftKings, I've, it's, James Quincey's, Coke, Jim Cramer's Organizations: Charitable Trust, American Airlines, GE, GE HealthCare

☆ SoFi CEO Anthony Noto: Growing deposit customers have fueled growth in lending business
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: Growing deposit customers have fueled growth in lending businessSoFi CEO Anthony Noto joins 'Squawk on the Street' to discuss the company's margin improvements in Q2, the company's added deposits, the stock's recent rally, and more.

Persons: Anthony Noto

☆ SoFi CEO Anthony Noto: The administration needs to provide relief for student borrowers that need it
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: The administration needs to provide relief for student borrowers that need itAnthony Noto, SoFi CEO, joins CNBC's Julia Boorstin and 'Closing Bell Overtime' to talk the latest inflation data, the Supreme Court's student loan ruling and more.

Persons: Anthony Noto, Julia Boorstin Locations: SoFi

☆ Watch CNBC's full interview with SoFi CEO Anthony Noto
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with SoFi CEO Anthony NotoAnthony Noto, SoFi CEO, joins CNBC's Julia Boorstin and 'Closing Bell Overtime' to talk the latest inflation data, the Supreme Court's student loan ruling and more.

Persons: Anthony Noto Anthony Noto, Julia Boorstin Locations: SoFi

☆ SoFi CEO on student loan pause, state of the consumer and A.I.'s impact on fintech
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO on student loan pause, state of the consumer and A.I. 's impact on fintechCNBC’s Bob Pisani sits down with Anthony Noto, SoFi CEO, to discuss the company's plans as student loan payments are set to resume.

Persons: Bob Pisani, Anthony Noto Locations: SoFi

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