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☆ Chinese climbers stuck on cliff for more than an hour due to overcrowding
▼ + stars: | 2024-05-07 | by ( Lilit Marcus | Wayne Chang | ) edition.cnn.com time to read: +2 min

Earlier this week, groups of travelers climbing Yandang Mountain in eastern China were stuck partway up a cliff, clinging to a rope along a fixed climbing route, for more than an hour. Someone like me afraid of heights might just wet myself up there!” wrote one Chinese online commenter. Wenzhou Dingcheng Sports Development Co., Ltd, which manages the via ferrata, said it had underestimated the number of people interested in climbing the mountain. Yandang Mountain is about 410 km (255 miles) south of Shanghai, in Zhejiang province, and is 1150 meters (3,773 feet) high. A popular site for holidaymakers in China, Yandang Mountain was submitted for UNESCO World Heritage site designation in 2001 and remains on the tentative list.

Persons: Everest, rungs, ”, I’m Organizations: CNN, Sports Development Co, Labor, UNESCO Locations: China, Wenzhou, Shanghai, Zhejiang province

☆ Men in medieval China were able to move up the social ladder as easily as male Baby Boomers in the US, study suggests
▼ + stars: | 2024-01-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Obtaining high status was likely as easy for men in the Tang Dynasty as for men in the modern US, a study suggests. It found that social mobility for men at the time could be compared to that of the 1960s in the US. AdvertisementMen in medieval China could gain high status in society as easily as male Baby Boomers in the US, according to a new study released on Thursday. Women, however, were unlikely to be part of the Chinese bureaucracy, and few would have taken the imperial exam, Hout said. But I wouldn't see a farmer's kid being able to pass the exam," Hout said.

Persons: —, Michael Hout, Hout, Du Zhong Liang, Wu Zetian, It's, they're Organizations: Service, Boomers, National Academy of Sciences, New York University, Business, National Library of China Locations: China, Tang, Europe

☆ Gen Z Gender Gap: Young Men and Women Don't Agree on Politics
▼ + stars: | 2024-01-23 | by ( Daniel Cox | ) www.businessinsider.com time to read: +11 min

As recently as 2019, less than one-third of young men said that they faced discrimination, according to Pew, but today, close to half of young men believe they face at least some discrimination. There was not a single issue that young men cared about significantly more than young women. There was not a single issue that young men cared about significantly more than young women. Most young men are probably not interested in making America great again, but they do feel acutely the need to secure a place for themselves in a culture that readily identifies male advantage but ignores the challenges young men face. And this attitude has real-world consequences: In the online gaming world, 75% of Gen Z women have reported experiencing harassment .

Persons: Gen, Gen Zers, Zers, MeToo, Donald Trump, Z, Roe, Wade, Richard Reeves, Reeves, Trump, Andrew Tate, Elon Musk, Jordan Peterson, Pew Organizations: Survey Center, Democratic, Gallup, Southern Poverty Law Center, American Institute for Boys, Harvard, America Locations: Washington, America

☆ Australia's Northeast Braces for Second Cyclone in a Month
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Renju JoseSYDNEY (Reuters) - A tropical low in the Coral Sea will likely develop into a cyclone and hit Australia's northeast later this week, the weather bureau said on Tuesday, a month after tropical Cyclone Jasper caused widespread damage across the region. "It is intensifying and will likely reach cyclone strength overnight tonight or during Wednesday ... a coastal crossing is most likely overnight on Thursday," Laura Boekel, forecaster at the Bureau of Meteorology, said during a press briefing. Heavy rain will drench regions that are already wet, significantly raising the risk of flash flooding, Boekel said. "This could be a very widespread as well as a very long-duration event," Boekel said. Cyclone Jasper in December left a trail of destruction in Queensland's northern regions, forcing some residents to flee their homes and cutting off towns.

Persons: Renju Jose SYDNEY, Laura Boekel, Boekel, Renju Jose, Stephen Coates Organizations: Meteorology, Cyclone Locations: Cyclone Jasper, Queensland, Queensland's, Sydney

☆ How Young Entertainment Professionals — founded by a former agency assistant — is helping Hollywood up-and-comers chart careers amid disruption
▼ + stars: | 2024-01-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Young Entertainment Professionals is an online community of more than 10,000 early-career professionals in Hollywood. Young people in the entertainment industry vented that their career growth was stymied by forces outside of their control. At YEP events, Romero added, "there's always people that come up to me who are like, 'When I moved to LA, I didn't know anybody.' In 2023, a Netflix creative assistant founded the monthly newsletter The Hollywood Assistant, telling BI that newcomers have "no blueprint" for how to chart a course to steady employment and success. "They can help through the hard times that we have been having in the industry," Romero concluded.

Persons: Trevor Romero, It's, isn't, he's, Romero, there's, they've, —, people's, Kai Dorsey —, YEP Organizations: Young Entertainment, UTA, Hollywood, LinkedIn, Facebook, United Talent Agency, Business, Paramount, Gersh Agency, Entertainment Partners, BI Locations: Hollywood, California, New York, LA, tatters, Los Angeles

☆ My friend is 36 years older than me. Her perspective reminds me aging is a privilege.
▼ + stars: | 2023-12-02 | by ( Faith Dwight | ) www.businessinsider.com time to read: +4 min

After yoga class we swim 500 meters down a river, and it feels almost spiritual. She's 36 years older than me; I feel lucky to have a friend who's older, wiser, and so different. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My friend Jacquie is climbing the ladder in front of me, beads of water dripping from the ends of her silver hair. Jacquie, a farmer's daughter from Zimbabwe, had become a student of Buddhism in her early 50s after a breast-cancer diagnosis.

Persons: —, Jacquie, We've, I'd, I'm, who's Organizations: Service Locations: England, American, Zimbabwe, hysterics

☆ The Surprising Fast Track to Your Own Corner Office
▼ + stars: | 2023-11-07 | by ( Anne Marie Chaker | ) www.wsj.com time to read: 1 min

It’s the career track of legends: Lowly executive assistant rises to the top from the desk outside the corner office. In reality, the assistant-to-boss trajectory has become a rarity in today’s business world as EAs slowly disappear as both a senior-executive perk and a career path. Yet among the crème of the calendar-keepers, some do climb to the highest rungs—and how they do it carries important career-building lessons.

Persons: perk

☆ They Started as Executive Assistants. Now They’re the Bosses.
▼ + stars: | 2023-11-07 | by ( Anne Marie Chaker | ) www.wsj.com time to read: 1 min

Persons: perk

But they are going only as far as the safest bets in the junk category, bonds rated BB and B. Junk bond spreads, the additional interest rate investors demand over safe Treasury bonds, tightened sharply. The spreads of those rated BB and B, or the higher rungs of junk, had tightened 47-52 basis points last week, according to Informa Global Markets data. Four junk bond issuers – Bombardier (BBDb.TO), Venture Global LNG, Smyrna Ready Mix Concrete and InfraBuild Australia - announced bond offerings on Monday. The spotty access to bond markets does not bode well for poorly rated companies.

Persons: Rick Wilking, ”, Edward Marrinan, Peter Knapp, Winnie Cisar, bode, Morgan Stanley, Moody's, Manuel Hayes, Shankar Ramakrishnan, Paritosh Bansal, Andrea Ricci Organizations: REUTERS, Federal, Nikko Securities Americas, Investors, JPMorgan, Informa, CCC, Bombardier, Venture Global LNG, “, London, Insight Investment, Barclays, Thomson Locations: Westminster , Colorado, Smyrna, Australia

School board members refuse to cede any ground. One was a discordant school board meeting in September that stretched over nearly five hours. The other was a school board candidates forum that drew a full room in October. Since then, the school board has hired its own private security to stand guard at meetings. While she does not have proof, Drane thinks it was retaliation for her vocal resistance against the new school board majority.

Persons: ”, ___, Michelle Obama, Belén Rodas, that’s, Jordan Lynch, Dale Swanson, Swanson, Glenn Youngkin, distresses Frank Morgan, “, Tamara Quick, didn't, ” Rabih Abuismail, ” Kirk Twigg, Twigg, Mark Taylor, Taylor, Toni Morrison, Tom Eichenberg, Abuismail, Lisa Phelps, Fabiana Parker, Parker, Heather Drane, we’re, Drane, It's, Lynch, ” Rodas, ___ Swenson, Serkan Gurbuz Organizations: Spotsylvania School, Democratic, Republican, GOP, Spotsylvania School Board, Rappahannock Conservative Women’s Coalition, Republicans, Liberty, Republican Gov, Virginians, ”, Youngkin, NAACP, Associated Press, AP Locations: FREDERICKSBURG, Va, Spotsylvania, United States, Virginia, ”, Spotsylvania County, America, Spotsylvania ., Rockingham County, Goochland County, South Carolina, Manassas, New York

☆ Assistants at companies like Netflix and Disney are 'waiting for the light at the end of the tunnel' as their careers stall and they can't get promoted: 'I don't see a way up'
▼ + stars: | 2023-10-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Trying to maintain a career in Hollywood was "not something that was feasible for me to continue," this person told Insider. Insider spoke with eight current and former assistants at Hollywood companies, plus a former creative executive at a midsize film studio. Many hopefuls can't find jobs in an industry that's been wracked with head count reductions and budget cuts. Netflix's website lists just one open assistant job — a role in a non-creative vertical. At Paramount, which cut 25% of staff from its US cable networks earlier this year, there appear to be no open executive assistant jobs in entertainment capacities .

Persons: —, strivers, that's, David Heger, Edward Jones, Heger, Bob Iger —, there's, WBD, they've, they'd, I'm, Reed Alexander Organizations: Hollywood, Netflix, Paramount Global, Disney, Warner Bros . Discovery, Paramount, Media, Writers Guild of America, Challenger, Warner Bros, Discovery, Entertainment Locations: Hollywood, Los Angeles and New York

☆ 4 myths holding women back at work: ‘Our data is super, super clear,’ says Sheryl Sandberg
▼ + stars: | 2023-10-05 | by ( Julia Boorstin | ) www.cnbc.com time to read: +4 min

But numerically the biggest problem ... is the broken rungs," Lean In founder Sheryl Sandberg tells CNBC. The key issue: for every 100 men promoted from entry-level to manager, 87 women, and only 73 women of color, are promoted. And while the promotion rate for Black women to manager rose in 2020 and 2021, last year that rate fell back to 2019 levels. The report debunks four key myths – including that the glass ceiling is the biggest factor holding women back, when it's really the broken rung. "Our data is super, super clear that women are more ambitious, or as ambitious as men, more ambitious than they were before Covid," says Sandberg.

Persons: Lean, Sheryl Sandberg, Sandberg, it's Organizations: Lean, McKinsey, CNBC Locations: America

☆ Donald Trump serving as House speaker would be chaos for the legislature and misery for the embattled former president
▼ + stars: | 2023-10-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +7 min

Even if he gets immense GOP congressional support to become speaker, Trump also appears like the very last person who'd even want the position. US President Donald Trump speaks in the Brady Briefing Room at the White House in Washington, DC on November 5, 2020. AdvertisementAdvertisementAs president, Trump was free to hire and fire staffers, counsel, and his cabinet at any point he wanted. As a speaker but not a member of Congress, Trump would have literally no ability to vote on any pieces of legislation. Let's imagine, for a minute, that Trump's both interested in the position and can somehow manage to convince GOP members to take McCarthy's spot.

Persons: Kevin McCarthy, —, they've, Sen, John Fetterman, Marjorie Taylor Greene, Greg Steube, Troy Nehls, Donald Trump, Greene, she's, Bud, there's, Trump, BRENDAN SMIALOWSKI, he'd, David McNew, Sean Casten, he's, Newt Gingrich, it's Organizations: Trump, Service, Republican, GOP, Republican Party, White, Getty, California GOP, Democratic, Republican Conference, Congress Locations: New York, Brady, Washington , DC, AFP, California, Los Angeles , California

☆ How AI will change the job of the junior banker and raise the bar to entry
▼ + stars: | 2023-09-22 | by ( Bianca Chan | Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

But let's face it, many of the tasks junior bankers spend their time on could very well be done by a robot. "As a junior banker you don't critically think. With artificial intelligence progressing by leaps and bounds, how will it impact the job of the junior banker? She said it's already helping junior bankers get their jobs done faster. "It will allow junior bankers to operate at a higher level with that first pass of analysis being prepared by the technology," said Torrente.

Persons: Wall, Tamara Bitticks, it's, Carlo Allegri, Bitticks, Crystal Cox, Peter Torrente, Bogdan Tudose, Morgan Stanley, Tudose, Goldman Sachs, Banks Organizations: Deutsche Bank, Reuters, Deloitte, Industry, Wall, Google, KPMG, Blackstone, JPMorgan, Excel, Getty, Deutsche Locations: Manhattan, San Francisco

☆ With a New Formula, U.S. News Rankings Boost Some State Universities
▼ + stars: | 2023-09-18 | by ( Alan Blinder | More About Alan Blinder | ) www.nytimes.com time to read: +1 min

The reworked formula assigned greater emphasis to graduation rates for students who received need-based Pell grants and retention. It also introduced metrics tied to first-generation college students and to whether recent graduates were earning more than people who had completed only high school. Occupying the ranking’s middle rungs meant that shifts in methodology, like the removal of alumni giving as a criterion, could easily fuel dramatic rises and falls. Schools have said that the rankings have an outsize influence on students and parents, who use them as a proxy for prestige. 29, among liberal arts colleges.

Persons: Pell, Song Richardson, haven’t, ”, Richardson Organizations: . News, Schools, Colorado College

☆ Gap eyes weak third quarter sales as consumer spending weakens
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

Aug 24 (Reuters) - Gap Inc (GPS.N) forecast third-quarter sales below expectations and missed Wall Street estimates for quarterly sales on Thursday, hit by softness in demand as budget-strained American customers cut back their spending on accessories and apparel. The owner of Banana Republic and Athleta brands expects third-quarter net sales to decrease in the low double-digit percentage range, compared with analysts' expectations of a 6.76% decline, according to Refinitiv data. The company's net sales fell to $3.55 billion in the second quarter from $3.86 billion a year earlier. Analysts on average had estimated sales of $3.57 billion, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru and Kate Masters in New York; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Ananya Mariam Rajesh, Kate Masters, Krishna Chandra Organizations: Banana Republic, Thomson Locations: Bengaluru, New York

☆ Scientists have completely sequenced the human Y chromosome for the first time, with huge implications for heath and evolution research
▼ + stars: | 2023-08-24 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Researchers published two new papers on the human Y chromosome. That's because the Y chromosome is "the most complex, most repetitive chromosome," said Monika Cechova, a postdoctoral researcher at the University of California, Santa Cruz. AdvertisementAdvertisementKaren Miga was one of the researchers involved in fully sequencing the human Y chromosome. The worldwide Y chromosomeFor the single-sequence paper, researchers sequenced the Y chromosome of a single individual of European descent, known as the HG002 genome. Because of all the gaps in the Y chromosome genome reference, researchers haven't fully understood how the chromosome contributes to overall health.

Persons: Karen Miga, Monika Cechova, Carolyn Lagattuta, Pascal Gagneux, wasn't, Gagneaux, Evan Eichler, Cechova, Miga, Gagneux, haven't Organizations: Service, Telomere, University of California, UC Santa Cruz, UC San Diego, Center for Academic Research, Human Genome Research Institute, Jackson Laboratory, Genomic Medicine Locations: Wall, Silicon, Nature, Santa Cruz, Anthropogeny

☆ England, Bruised but Unbowed, Reaches World Cup Semifinals
▼ + stars: | 2023-08-12 | by ( Jenny Vrentas | More About Jenny Vrentas | ) www.nytimes.com time to read: +1 min

England entered the World Cup knockout stages still waiting to look like the dominant team it had hoped it could be. England had arrived in Australia last month without three of the country’s best players, all ruled out because of serious knee injuries. Another star was hurt in the group stage and missed a game and a half. Then the Lionesses lost their best player at this World Cup, the young midfielder Lauren James, to a suspension after she was sent off for stamping on a Nigerian player in the round of 16. Overcoming an early goal with one of their own just before halftime, the Lionesses delivered the kind of performance they had been saying was just around the corner, beating Colombia, 2-1, to advance to the semifinals for the second straight World Cup.

Persons: Lauren James, nation’s Organizations: England Locations: England, Australia, Nigerian, Colombia

☆ Kopecky and Hoogland both win second golds at world championships
▼ + stars: | 2023-08-08 | by ( Martyn Herman | ) www.reuters.com time to read: +2 min

GLASGOW, Aug 8 (Reuters) - Belgium's Lotte Kopecky underlined her status as one of the best all-round cyclists of her generation when she claimed a second track title at the UCI World Championships with victory in the points race on Tuesday. Earlier, Dutch dominance of the men's sprint events continued as the 30-year-old Jeffrey Hoogland claimed a third successive 1km time trial world title. Kopecky also won the elimination race earlier in the championships and will be one of the favourites for the women's road race which concludes the championships on Sunday. Hoogland also won the men's sprint alongside Lavreysen and both of them will be going for a third gold in the keirin which reaches its conclusion on Wednesday. Lavreysen retained his men's sprint world title on Monday.

Persons: Lotte Kopecky, Jeffrey Hoogland, Georgia Baker, Britain's Neah Evans, Kopecky, Baker, Evans, Tsuyaka Uchino, Hoogland, Harrie Lavreysen, Matthew Glaetzer, Chris Hoy, Australia's Thomas Cornish, Lavreysen, Martyn Herman, Clare Fallon Organizations: GLASGOW, UCI, Tour de, Femmes, Lavreysen, Britain, Thomson Locations: Netherlands

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, —, Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, ”, Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada

☆ World Cup upsets keep US on their toes ahead of Portugal match
▼ + stars: | 2023-07-31 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

On paper, it would appear that the top-ranked Americans should have every advantage over the Portugal team ranked 20 rungs beneath them at Tuesday's showdown at Eden Park. "Rankings mean nothing in the World Cup," he said. The United States overcame Portugal 1-0 in their last meeting - a 2021 friendly - but Andonovski sees little comparison between the two sides today. Failure to do so would mean missing the knockout stages for the first time in nine World Cup appearances. "Now we see an interesting result every day, every other day, there's something that everybody's shocked (over)."

Persons: Amanda Perobelli, Vlatko Andonovski, Andonovski, Amy Tennery, Philippa Fletcher Organizations: Soccer Football, FIFA, Wellington Regional, United, Portugal, Germany, Vietnam, Thomson Locations: New Zealand, States, Netherlands, Wellington , New Zealand, AUCKLAND, Portugal, Auckland, Colombia, United States, Portuguese, Germany, Vietnam, Dunedin

☆ Morocco stun South Korea to claim first ever Women's World Cup victory
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +3 min

ADELAIDE, July 30 (Reuters) - Debutantes Morocco claimed their first ever victory at the Women's World Cup with a 1-0 win over South Korea in their second Group H encounter on Sunday, all but confirming the Asian side's exit. Morocco are 55 rungs below South Korea in the women's rankings, but the African side made an early breakthrough with their first ever World Cup goal from striker Ibtissam Jraidi. "There's a sense of pride for us to pull this first World Cup win out of the bag," coach Reynald Pedros said, dedicating the victory to the king of Morocco. Morocco defender Nouhaila Benzina, who became the first player to wear a headscarf at the Women's World Cup, made crucial interventions, while she almost scored from a set-piece when she volleyed a snapshot over the bar. We saved the worst two performances in my tenure for the World Cup.

Persons: Ibtissam Jraidi, Ait, Ait El Haj, Jraidi, Reynald Pedros, Pedros, Nouhaila Benzina, yun, Collin Bell, Korea's Casey Phair, Bell, I'm, we've, Rohith Nair, William Mallard Organizations: Debutantes, South, South Koreans, Moroccan, Germany, Asian, Thomson Locations: ADELAIDE, Debutantes Morocco, South Korea, Morocco, Ait El, Germany, Colombia, Korea, Bengaluru

☆ American Express is being investigated over sales practices. Salespeople say they have been made scapegoats.
▼ + stars: | 2023-07-06 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +25 min

In late May last year, some 250 salespeople at American Express learned they weren't going to get paid. In addition to earning commissions, the Premium Wire volumes helped them reach higher compensation tiers, known as kickers. For the first time, the Premium Wire product made economic sense. The presentation discussed shifting the sales focus toward Premium Wire and another product to "accelerate revenue growth and meet client's needs." Isserlis said Williams was fired because of misconduct unrelated to Premium Wire.

Persons: Amex, salespeople, Salespeople, Adam Isserlis, Isserlis, Stephen Squeri, John Moore, Amex salespeople, Pablo Ribas, Ribas, Anna Marrs, Marrs, Charles Schwab, Schwab, Mike Peterson, Charlene Luke, they'd, Nick Williams, Williams, Nick, Mr, —, Thomas Zoerner, Zoerner, Amex's, she's, weren't, Carter Johnson Organizations: American Express, Commercial Services, Securities and Exchange Commission, Justice Department, Internal Revenue Service, Street, IRS, Getty, Credit, Employees, Business, SME, Global Commercial Services, Marriott, Express, University of Florida's Levin College of Law, Amex, California Labor, Court, whistleblowing Locations: Brooklyn, California, Manhattan, Canadian, —, Orange County , California, New York, Webex

☆ Yen weak, dollar drifts as traders weigh Fed rate hike path
▼ + stars: | 2023-07-03 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

The yen weakened 0.09% to 144.45 to start the second half of the year, having lost 9% against the dollar in the first six months of the year. Against the euro, the yen was hovering at 157.66, just under the 15-year low of 158 it touched last week. It intervened again in October after the yen plunged to a 32-year low of 151.94. Markets are pricing in a 84% chance of the Fed hiking rates by 25 basis points in its July meeting, CME FedWatch tool showed. The Australian dollar rose 0.02% to $0.667, while the New Zealand dollar rose 0.42% at $0.615.

Persons: Shunichi Suzuki, Suzuki, Marc Chandler, Sterling, Ankur Banerjee, Christopher Cushing, Kim Coghill Organizations: Finance, Japan, Bannockburn Forex, Bank of Japan, U.S, U.S . Federal, Citi, Labor, Survey, NatWest, New Zealand, Thomson Locations: SINGAPORE, Bannockburn, Japan, U.S ., U.S, United States, Singapore

☆ Yen tentative, dollar soft as traders weigh Fed rate hike path
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: +4 min

A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table. The yen remained hunkered just below the psychologically important barrier of 145 per U.S. dollar on Monday, while the dollar was on the back foot after U.S. economic data last week showed slightly easing inflation and consumer spending. Against the euro, the yen was hovering at 157.495, below the 15-year low of 158 it touched last week. It was at 183.47 per sterling , just below the seven-and-a-half-year low of 183.86 it hit on Friday. The Australian dollar fell 0.14% to $0.666, while the New Zealand dollar rose 0.16% to $0.613

Persons: Shunichi Suzuki, Marc Chandler, bitcoin Organizations: Finance, Bannockburn Forex, Bank of Japan, U.S, U.S . Federal, PCE, Citi, Labor, Survey, Sterling, New Zealand Locations: U.S, Japan, Bannockburn, U.S ., United States

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