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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed can 'afford to be more patient' with rate cuts, strategist saysJeff Ng, head of Asia macro strategy at Sumitomo Mitsui Banking Corporation, discusses the monetary policy divergence between the United States and Europe.
Persons: Jeff Ng Organizations: Sumitomo Mitsui Banking Corporation Locations: Asia, United States, Europe
A Forest Retreat in ‘Tokyo’s Backyard’
  + stars: | 2024-05-17 | by ( Kurt Soller | Josh Robenstone | ) www.nytimes.com   time to read: 1 min
Although the two had regularly worked in the country (their firm is currently renovating Tokyo’s Ritz-Carlton), neither of them ever imagined they’d settle permanently in Japan. Over the course of three years, however, they moved out of their Hong Kong apartment, sold their home in Taipei, Taiwan, and bought the last available piece of land next to their existing Japanese property, just over an acre crowded with cherry, pine and larch trees that flash gold, green or gray depending on the season. The pair had considered other Japanese locales where they could one day retire — snowy Niseko; Hakone, by the sea — yet it was ultimately in Karuizawa, Ng says, that they wanted to prove, after years of championing glamour and shine, that they could make someplace “supertranquil” for themselves.
Persons: Ng Organizations: Ritz, Carlton Locations: Japan, Hong Kong, Taipei, Taiwan, Hakone, Karuizawa
Read previewNoelia Voigt was crowned Miss USA in September 2023 in a moment full of celebratory tears and confetti. On May 9, the organization announced Miss Hawaii Savannah Gankiewicz will be taking over as Miss USA for the remainder of Voigt's tenure. AdvertisementGankiewicz was the first runner-up in the 2023 Miss USA pageant, and she won the costume contestGankiewicz competed in the Miss USA pageant after being crowned Miss Hawaii in January 2023. As of Wednesday, Miss USA had yet to announce who will replace Srivastava as Miss Teen USA. AdvertisementHer reign as Miss Hawaii technically ended in April when Breea Yamat was crowned Miss Hawaii USA 2024.
Persons: , Noelia Voigt, Voigt, Gankiewicz, Miss Teen USA UmaSofia Srivastava, Claudia Michelle, Miss Colorado Arianna Lemus, Laylah Rose, Rose, Miss USA, Srivastava, Stephanie Skinner, Lifestyle.Inq's Carl Martin Agustin, Lifestyle.Inq, Breea Yamat Organizations: Service, Miss USA, Miss, Business, Miss Hawaii, Savannah Gankiewicz, Miss Teen USA, Savannah Miss, Miss Teen, Teen New, American, Pacific Islander Heritage, Mutya ng Pilipinas, Miss Overseas Communities Locations: Miss USA, Savannah, Hawaii, USA, Savannah Miss USA, Oahu, Maui, Virginia, Bali, Gankiewicz, Philippines, Miss Hawaii USA
Goldman Sachs said this week that there are plenty of cheap tech stocks to buy coming out of earnings. The information technology sector has reported a year-over-year earnings growth rate of 23.2%, according to John Butters, senior earnings analyst at FactSet. CNBC Pro combed through Goldman Sachs' research to find the most underappreciated buy-rated tech stocks. "Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025," he added. Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025.
Persons: Goldman Sachs, John Butters, Goldman, Noah Poponak, Poponak, Kash Rangan, Rangan, Michael Ng, Arista's, Ng, ANET Organizations: FactSet, CNBC, Microsoft, Teledyne Technologies, Arista Networks, Arista, TAM, Cloud Titans, Cloud Locations: 2H24
Halfpoint Images | Moment | Getty ImagesA global mental health crisis is on the horizon — dementia. While a healthy body can mitigate dementia risks, a healthy mind is no less important. "We do know [that] people who have cumulative mental health symptoms during their lifetime, actually [have] an increased risk of dementia," said Singham. "If we see symptomatic improvement [to one's mental health] throughout the life course, then that can decrease your chances of having dementia eventually." "The other thing I would encourage young people to do is have a very disciplined, good sleep hygiene because our brains really really need to rest," Ng said.
Persons: Timothy Singham, Singham, Ng Ai Ling, " Ng Organizations: World Health Organization, WHO, National University of Singapore, CNBC, Community Services
Once a powerful local Congolese leader, Lusinga Iwa Ng’ombe fought back against Belgian colonial invaders in the late 19th century. He was such a thorn in their side that Émile Storms, who commanded Belgian troops in the region, predicted his head would “eventually end up in Brussels with a little label — it would not be out of place in a museum.”That is exactly what happened. Troops of Mr. Storms killed and decapitated Mr. Lusinga in 1884, and his skull ended up in a box in the Brussels-based Institute for Natural Sciences, along with over 500 human remains taken from former Belgian colonies. His descendants are struggling to have his remains returned, their efforts unfolding against the backdrop of a larger debate about Europe’s responsibility for the colonial atrocities, reparations and restitution of plundered heritage.
Persons: Iwa Ng’ombe, , Storms, Mr, Lusinga Organizations: Iwa, Belgian, Natural Sciences Locations: Congolese, Belgian, Brussels
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat" and failing to take its share of responsibility for missing the trades. A SocGen spokesperson declined to comment on the post, but provided a statement on the pair's dismissal. Kataria said the trades were auto-booked and a "daily email was sent to the entire group mentioning the trades have been reconciled." "It's very easy for other people to say that we were not aware of the trades done by me," he wrote. "Trading Industry is so big but there are no rules or regulations which fight for trader justice," he said.
Persons: Kavish Kataria, Kataria, SocGen, Kevin Ng, Jerome Kerviel Organizations: Societe Generale, Hong, Financial Times, LinkedIn Locations: Hong Kong, Paris
Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.
Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, , Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's
Super Micro Computer shares are selling off at the moment, but major Wall Street firms are hopeful about the company's long-term prospects. Super Micro, one of the vendors that builds Nvidia-based servers, released quarterly results on Tuesday after market close. Super Micro also bumped up its fiscal 2024 revenue guidance above its previously estimated range and what analysts are expecting. But a revenue miss dragged shares of Super Micro 16% lower on Wednesday. On the other hand, Goldman Sachs and Wells Fargo maintained their neutral-equivalent ratings for shares of Super Micro.
Persons: LSEG, Samik, Chatterjee, Ruplu Bhattacharya, George Wang, Wang, Goldman Sachs, Wells Fargo, Wells, SMCI, Michael Ng, Ng Organizations: Micro Computer, Nvidia, Super, JPMorgan, Barclays, Bank of America, DELL Locations: CY25, East, UAE, Saudi Arabia, Sweden, Japan, Korea, Malaysia
(Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)U.S. cloud infrastructure provider Oracle is boosting its generative AI capabilities as cloud competition intensifies and more companies jump into AI. Oracle has been introducing generative AI capabilities into its cloud infrastructure and applications to complement the traditional AI already embedded in them. The generative AI capabilities can perform tasks such as generating financial reports and drafting job ads, improving productivity and reducing business costs, Oracle said. JPMorgan has said generative AI and AI could drive incremental IT spending and growth across the software landscape. "Generative AI services [are] basically a huge advantage comparing with our competition.
Persons: PAU BARRENA, ChatGPT, Rondy Ng, it's, Ng, Dan Ives, Ellison, Ives, Larry Ellison, Gartner Organizations: Mobile World Congress, MWC, Getty Images, Oracle, CNBC, Wedbush Securities, JPMorgan Locations: Barcelona, AFP, U.S
Many early career professionals put their heads down and work, or at least pretend to. Many early career professionals wait to be told what to do. Many early career professionals do their work without understanding why they're doing that work. 'The context is … 'Many early career professionals jump straight into extended monologues. Many early career professionals disappear and spend hours (or sometimes days, or even weeks) doing the wrong work.
Persons: I've Organizations: ramble
If you have your heart set on investing in up-and-coming private companies, options exist, but are limited. Obviously, there is a strong desire to get into hot private market tech companies, even if at an irrational cost. The simplest way to do this would be to float an exchange traded fund, or ETF, that held these private shares. Forge Global launched the Forge Accuity Private Market Index, a market capitalization weighted index that tracks the performance of 60 late-stage venture-backed private companies like SpaceX and Epic Games. Bottom line: there is no easy way to access private shares.
Persons: Tech100, Cathie Wood, Howe Ng, Brett Winton Organizations: New York Stock Exchange, SpaceX, Klarna Bank, Tech100, ARKVX Venture, Forge Global, Epic Games, ARK Investment, Edge
Jefferies said Janus International is an undervalued small cap name that can outpace peers in the storage sector. The firm initiated coverage of the self storage stock with a buy rating and a $20 per share price target. Janus International stock has risen nearly 8% in 2024. Analyst Philip Ng said that while Janus remains outside of investor focus, he thinks the stock is undervalued compared with peer small cap storage firms. "As the only national player with a full-service solution, JBI has strong pricing power," he added.
Persons: Jefferies, Janus, Philip Ng, it's, Ng, JBI, Michael Bloom Organizations: Janus International, stoke
Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.
Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte
The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.
Persons: , giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFixed income strategist: Bank of Japan has a lot to consider in its path to policy normalizationKheng Siang Ng of State Street Global Advisors says Bank of Japan won't hike rates for the sake of policy normalization as "it wants the economy to grow".
Persons: Siang Ng Organizations: Bank of Japan, Street Global Advisors
As a medical oncologist, I am heartbroken — but hardly surprised. In fact, it is part of a rising global trend in which newly diagnosed cancer patients are getting younger. The global incidence of early-onset cancer increased by 79.1% and early-onset cancer deaths rose by 27.7% from 1990 to 2019, a 2023 study in the journal BMJ Oncology found. And because early-onset cancers are often diagnosed at advanced stages, they were once thought to be biologically different and more pernicious than their older counterparts. Younger patients may be pregnant at the start of therapy or worry about the effects on fertility.
Persons: Jalal Baig, Catherine , Princess of Wales, Kimmie Ng, , haven’t, oncologist Jalal Baig, Suneel Kamath, ” Kamath Organizations: Washington Post, NBC News, Foreign, CNN, BMJ Oncology, American Medical Association, Dana, Farber Cancer Institute, Boston Globe, Cleveland Clinic Taussig Cancer Institute, for Young, Cleveland Clinic, US Preventive Services Task Force Locations: Chicago, Washington, United States, Wales
Overall, Chatterjee said that the AI cohort is trading at a 55% premium relative to the non-AI basket. While that may be the case, the top AI picks still remain attractive — including a few names outside of the chip space, he wrote. In the same note, Chatterjee released a list of his top AI stock picks. One of Chatterjee's top AI picks is PC and server manufacturer Dell . The stock "trades at one of the most inexpensive multiples relative to the AI Group despite the robust premium relative to its own historical average," he wrote.
Persons: Stocks, Samik Chatterjee, Chatterjee, Dell, Goldman Sachs, Michael Ng Organizations: JPMorgan, Nvidia, Apple, Big Tech, Dell, Arista Networks, Arista
Some Nevada Republicans say the story demonstrates Brown’s deeper understanding of the complexities of reproductive healthcare in a state where voters guaranteed the right to abortion through a referendum. They also hope it illuminates a gray area that many Republican women feel extends beyond “yes” or “no” answers on abortion rights. She said Nevada Republicans have no desire to overturn the state’s existing protections, unlike in Republican-led states like Texas and South Carolina. She also hopes the Browns’ announcement helps move abortion access, largely a winning issue for Democrats, “off the table” in the Senate race. When left to the states, women in Texas facing the same circumstances today would not have the options his wife had in the state in 2008.
Persons: , Sam Brown's, , , Pauline Ng Lee, Brown, Amy, Roe, Wade, Sam Brown, Democratic Sen, Jacky Rosen, Adam Laxalt, “ Amy, ” Rebecca Gill, Brown's, ” Gill, ” Lindsey Harmon, Democrat Rosen, doesn't, Brett Kavanaugh’s, Amy Brown’s, Republican Assemblywoman Danielle Gallant, She’s, Gallant, Amy Brown, Rosen, Adriana Gomez Licon, ____ Stern, Stern Organizations: , Republican U.S, Republicans, GOP, Browns, U.S . Senate, Republican, Nevada Republican Club, Nevada Republicans, Senate, NBC News, Supreme, Democratic, Texas, Texas Legislature, NBC, Nevada, Associated Press, Army, University of Nevada, Parenthood, Democrat, America Statehouse News Initiative, America Locations: RENO, Nev, In Nevada, Nevada, Texas, South Carolina, Nevada's, In Texas, U.S, Afghanistan, San Antonio, Las Vegas, Parenthood Nevada, Carson City, Miami
The intense blast seized national attention in China and drew controversy when frontline staff blocked local reporters. AdvertisementA suspected gas leak explosion in a fried chicken store has killed seven people and injured 27 others in Yanjiao, a town just east of Beijing, state media and authorities said on Thursday morning local time. Another state media reporter, Xu Mengzhe, was seen physically struggling with a group of policemen who surrounded her and two colleagues. She wore a jacket with a logo for China Media Group, a state-owned broadcasting company. "They must not control public opinion, simply and crudely obstructing media reporters from performing their duties," the association said.
Persons: , VCG, Ng Han Guan, Yang, Xu Mengzhe, Xu, Zhong Ming Organizations: Service, Getty Images, Emergency Management Bureau, Business, Authorities, Firefighters, China Media Group, China Journalists Association Locations: Yanjiao, China, Beijing
US President Joe Biden (L) and Prime Minister Benjamin Netanyahu (R) meet in Tel Aviv, Israel on October 18, 2023. "The relationship [between Biden and Netanyahu] is absolutely terrible." A report by Politico in early February cited unnamed Biden administration officials describing the president calling Netanyahu a "bad f—ng guy." Israeli war cabinet member Benny Gantz (L) meets US Senate Majority Leader Chuck Schumer, Democrat of New York, at the US Capitol on March 05, 2024. Gantz reportedly faced a barrage of harsh questions and critiques from the administration over Israel's handling of the Gaza war.
Persons: Joe Biden, Benjamin Netanyahu, Biden, Israel's, Yasser Qudih, Netanyahu, Hussein Ibish, Benny Gantz, Chuck Schumer, Roberto Schmidt, Axios, Gantz, Donald Trump, Kamala Harris, Mostafa Bassim, Nimrod Novik, Novik, Ashraf Amra, I've, Ibish, Yonatan Freeman, Israel, Freeman Organizations: GPO, Getty Images, Anadolu Agency, Getty, White, Israeli, Biden, Palestinian, United Nations, Israel, Anadolu, West Bank, U.S, Gulf States Institute, CNBC, Politico, Capitol, AFP, Prime, Islamic Center of Detroit, Defense, Israel Policy Forum, Bank, Israel's Hebrew University, Christian Locations: Tel Aviv, Israel, Anadolu, Gaza, Rafah, Gaza's, Washington, New York, Michigan, United States, Palestinian, Gaza City, Jerusalem, U.S, Saudi Arabia
Today, Celeste reads a “Modern Love” essay about exactly that bond, a mother trying desperately to reach her child. Why do you think you’re so drawn to tiny things? If you’re going to make something in miniature, you have to spend a lot of time really looking at it. Because, OK, Betsey’s daughter spray paints, “Too many bushes, not enough trees,” and you’re going around putting, honestly, beautiful lines of T.S. So there is something about that language that even if you think you’re rational, it’s getting to you somehow.
Persons: anna martin, ” I’m Anna Martin, you’re, Celeste Ng, Celeste, they’re, ” celeste, anna martin So, celeste ng, anna martin Tell, I’ve, I’m, celeste, anna martin Well, It’s, , Betsy MacWhinney, George W, Bush, Marissa, strode, , Wendell Berry’s “, Mary Oliver, Oliver, Berry, Marissa didn’t, I’d, wouldn’t, anna martin Isn’t, Betsy, She’s, anna martin Really, anna martin Celeste, Eliot, you’ve, ” anna martin, celeste ng I’m, anna martin Talking, she’s, anna martin Wow, anna martin I, didn’t, who’s, anna martin Betsy, Wendell Berry, what’s, , anna martin I’m, we’ve, He’s, anna martin He’d, Anna, Brittany Howard, brittany howard Love Organizations: The New York Times, eBay, Farmer, NASA Locations: manila, Sierra Leone, T.S, Hong Kong, There’s
One of the most popular artificial intelligence plays may be nearing the end of its red-hot run, according to Goldman Sachs. Super Micro Computer has grown to nearly $60 billion in market capitalization and is slated to join the S & P 500 later in March. Among his reasons for no more than a neutral opinion, Ng highlighted that Super Micro Computer currently trades in line with Nvidia on a price-to-earnings basis. Beginning next year, he said, he expects revenue growth to slow to 51% from a 61% compound annual growth rate between 2021 and 2024. Ng initiated a price target of $941 on SMCI, implying about 4% upside from Friday's close.
Persons: Goldman Sachs, Michael Ng, Ng, — CNBC's Michael Bloom Organizations: Nvidia, Devices, Intel, Computer, DELL, Micro Computer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI may have a 'potential bias' in the screening of job applicants: Asia COO of online jobs companyLewis Ng, chief operating officer for Asia at Seek, discuses the role that artificial intelligence can play in a job search and how biases can be removed from the applicant-screening process.
Persons: Lewis Ng Locations: Asia
A New York Apartment With a Garden in the Kitchen
  + stars: | 2024-03-01 | by ( Max Berlinger | ) www.nytimes.com   time to read: +1 min
When Brock Forsblom and Jeremy Heimans first saw their future apartment, “it was the SoHo loft fantasy,” says Heimans, 46, an Australian entrepreneur and nonfiction writer. The rest of the former factory building, which was constructed in 1900 and at one time produced long underwear, is still inhabited by “septuagenarian artists,” Heimans says. In the pair’s previous apartment, a West Village rental, almost every surface, including the curtains and bathroom ceiling, was decorated with a vibrant pattern. “The energy there was that I had a thousand ideas,” says Forsblom, 38, who until recently worked as an interior designer. Ng brought in his colleague Jacob Esocoff as a collaborator — eventually resulting in the launch of their own firm, Ideas of Order, in late 2021.
Persons: Brock Forsblom, Jeremy Heimans, , , ” Heimans, Forsblom, Henry Ng, Foster, Ng, Jacob Esocoff, Organizations: Noguchi Museum, Partners Locations: Australian, New York, Queens, East Village, West
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