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Ca Phe Muoi co-owners Ho Thi Thanh Huong and Tran Nguyen Huu Phong. Traditional Vietnamese coffee is brewed in a phin – a metal, filtered brewing device – that’s placed over a cup or pot. And salt coffee is just one of several distinctive Vietnamese coffee drinks that might raise a few eyebrows among those who’ve yet to sample them. In fruit shake coffee – sinh to ca phe – coffee is combined with banana or avocado to produce a smoothie. And though they serve both iced and hot versions of salt coffee, they think the former is the tastiest option.
Persons: CNN — It’s, Luong, , Ho, Tran Nguyen, , Tran Nguyen Huu, phe muoi, Linh Pham, trung, Mintel, phe Organizations: CNN, , , Bloomberg, Getty, International Trade Council Locations: Hue, Vietnam, Turkey, Hungary, Siberia, Hanoi , Vietnam, Brazil, Hanoi, it's, Asia, California, Seattle, Philadelphia, London, Hue Imperial City
Sopa Images | Lightrocket | Getty ImagesThe Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark against the dollar for the first time since 1986 and reaching a high of 161.27, according to LSEG data. The yen has been steadily deprecating since the Bank of Japan ended its negative interest rate policy and scrapped its yield curve control policy in March. Following the move, the currency crossed the 150 mark against the dollar, reaching 160 in late April before the country's finance ministry intervened. Stock Chart Icon Stock chart iconJapan's finance ministry confirmed that it intervened between April 26 to May 29 to the tune of 9.7885 trillion yen ($62.25 billion). The benchmark U.S. federal funds rate stands at 5.25% to 5.5%, while the Bank of Japan's benchmark interest rate is at 0%-0.1%.
Persons: Dong Chen, Dong Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Bank of Japan, Japan Ministry of Finance, U.S, Bank Locations: Asia, Swiss, Japan
Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."
Persons: , Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia
Five weeks ago, the British prime minister bet the house on his belief that a summer election might offer his Conservative Party a better chance of holding onto power than waiting until the fall. Calling a snap election served as Mr. Sunak’s last roll of the dice. Reviewing data from the week before Mr. Sunak’s announcement, bookmakers noticed a spike in bets being placed on the election date. The amounts being staked were small — totaling just a few thousand pounds — but the sudden frenzy of activity was enough to warrant further investigation. It also encapsulates how some parts of the electorate perceive the party that has governed Britain for 14 years.
Persons: Rishi Sunak’s, Sunak’s Organizations: Conservative Party, Conservatives Locations: Britain
Joe Biden and Donald Trump met for their first debate of 2024 on Thursday. It was a total disaster for Biden, owing to his visibly frail performance. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJoe Biden and Donald Trump met for their first debate of the year on Thursday. This story is available exclusively to Business Insider subscribers.
Persons: Joe Biden, Donald Trump, Biden, Trump, , Biden —, it's, Jake Tapper's Organizations: Service, Business
Washington CNN —President Joe Biden’s debate performance has set off alarm bells among top Democrats, leaving some to openly question whether Biden can stay atop of the Democratic ticket. Pressed by Cooper on Biden’s performance, Harris offered a defense of her boss. Austin Steele/CNNBiden brushed off concerns about his debate performance, telling reporters that he thought he performed well while visiting patrons at a Waffle House after the debate. When asked about calls for him to drop out and if he had any concerns about his debate performance, Biden attacked former president Donald Trump. Democratic Party officials questioned why Biden missed other opportunities to slam Trump’s comments, particularly on the issue of abortion.
Persons: Joe Biden’s, Biden, , David Axelrod, Axelrod, Donald Trump, Trump’s, Kamala Harris, Joe Biden, ” Harris, CNN’s Anderson Cooper, Cooper, Harris, , I’m, Trump, Austin Steele, CNN Biden, ” Biden, who’s, Gavin, Newsom, Gretchen, Whitmer, I’d, “ Trump, Kate Bedingfield, ” Bedingfield, “ Biden, Trump’s mistruths, Jill Biden, Jake Tapper, Dana Bash, Will Lanzoni, Jill, Joe Organizations: Washington CNN, Democratic, CNN, Capitol, White House, Waffle, , Biden, Convention, Biden White House Locations: United States, Chicago, Trump’s
watch now"Without data security and user privacy protection, AI will become worthless," Zhao said in Mandarin, translated by CNBC. But I believe on-device AI, in its capabilities and empowerment of consumers, will become more and more intimate, more and more understanding." "It will give consumers more support and help them interact with the future AI world," he added. He said a system collecting lots of user data to deliver more personalized features becomes a "stronger" object compared to the individual using the system. The Honor Magic V2, the latest foldable smartphone from the Chinese manufacturer, is on display at the Mobile World Congress 2024 in Barcelona, Spain.
Persons: George Zhao, John Hoffman, Zhao, Apple, OpenAI's Organizations: Shanghai Mobile, Congress, CNBC, Apple, Mobile, Apple Intelligence, Baidu, Google, Nurphoto, Getty Locations: HANGZHOU, China, U.S, Shanghai, Barcelona, Spain
"There are better places to make money with a lot lower risk," he added, naming several stocks he likes right now. "Right now, technology stocks are selling at 30 and 40 times earnings. The markets are at 22 times earnings. Trading at 22 times forward earnings, he said the stock offers "a great business at a very good price." The market is 21 times earnings.
Persons: David Katz, CNBC's, Katz, We're, — CNBC's Amelia Lucas Organizations: Nvidia, Cisco Systems Technology, Cisco Systems, Cisco, Starbucks, Bank of New York Mellon, PNC Financial Services Locations: U.S, Israel
Nvidia has dominated headlines this week as it bounced back after losing more than $500 billion in market capitalization over three trading days. Nvidia shares closed at $123.99 on Thursday — up nearly 5% from Monday's close but still some way off last Thursday's all-time intra-day high of $140.76. Shares have gained more than 150% so far this year. Thursday's mean analyst target price of $128.15 gives the stock around 3.5% upside potential. In case you missed it, here's a round-up of CNBC Pro's Nvidia-related content from this week so far:
Organizations: Nvidia, CNBC
All 10 episodes of season three of FX's "The Bear" were released on Wednesday. The new season is packed with notable celebrity guest stars and cameos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"The Bear" is back for another season of kitchen chaos and celebrity cameos. This story is available exclusively to Business Insider subscribers.
Persons: Jamie Lee Curtis, Joel McHale, Will Poulter, , Carmen, Berzatto's, Jeremy Allen White, Daniel Boulud, Thomas Keller, René Redzepi, Christina Tosi Organizations: Service, Business
An aerial view shows a Philippines Navy vessel that has been grounded since 1999 to assert the nation's sovereignty over the Second Thomas Shoal, a remote South China Sea reef also claimed by China. Experts say the latest incident represents an escalation and shows the limitations of the U.S.-Philippines Mutual Defense Treaty signed in 1951. Ezra Acayan | Getty Images News | Getty Images"The Philippines will continue to resupply the Sierra Madre, and hopefully invest in more outposts in their Exclusive Economic Zone in the South China Sea ... The Philippines defense chief has reiterated that the military would not announce its resupply missions to the shoal in advance. The country has also been working to bolster its own defense capabilities in the South China Sea with the support of the U.S.What's at stake?
Persons: Thomas, Jay Directo, Thomas Shoal, Philippines Mutual Defense Treaty, Chester Cabalza, Cabalza, Ezra Acayan, Richard Heydarian, Abdul Rahman Yaacob, Matteo Piasentini, Ferdinand Marcos Jr, Paisentini, Lowy Institute's Yaacob, Geopolitica's Organizations: Philippines Navy, Afp, Getty, U.S ., Philippines Mutual Defense, International Development, Security Cooperation, Bilateral, Philippine Coast Guard personnel, Coast Guard, University of the, U.S, Pacific Command, Philippines, Lowy, Asia Program, Philippine Navy, Sierra Madre Locations: Philippines, China, South China, Spratly, Philippine, Manila, Beijing, U.S, South, U.S . China, Washington, University of the Philippines, Philippine Government, United States, Pacific, Italian, Sierra, Asia
President Joe Biden delivers remarks during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. Many of the Democratic Party's top fundraisers are privately sounding the alarm after President Joe Biden's disappointing debate performance Thursday against Republican former President Donald Trump. CNBC began hearing from worried Democratic campaign donors and fundraisers less than 20 minutes into the 90-minute debate hosted by CNN. "Game over," said a longtime Democratic campaign advisor, who has been raising money for congressional leaders for over a decade and helped raise money for Biden's 2020 White House bid. Biden's campaign co-chair Mitch Landrieu told NBC News this was because the president had a cold.
Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Biden's, He's, doesn't, Jaime Harrison, Ronald, Reagan, George W, Bush, Barack, Obama, I've, we've, Jack Tapper, Tapper, Mitch Landrieu, Landrieu, Kamala Harris, Trump, Kate Bedingfield Organizations: CNN, CNN Studios, Democratic, Republican, CNBC, Democratic National, NBC News, Patrol, Democratic National Convention, White House Locations: Atlanta , Georgia
Asia-Pacific markets climbed on Friday as investors assessed key economic data out of Japan and awaited U.S. inflation reading due later in the day. The core inflation rate —which strips out prices of fresh food — rose to 2.1% from 1.9% in May. Tokyo inflation data is widely considered to be a leading indicator for nationwide trends. The country's industrial production grew 2.8% month on month in May, beating expectations of 2% from economists polled by Reuters. On a year-on-year basis, industrial production rose 0.3%.
Persons: April's Organizations: Reuters Locations: Asia, Pacific, Japan, Tokyo, South Korea, Korea
Dollar barges past 161 yen and eyes quarterly rise
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: +2 min
The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. At 172.37 per euro it traded at a lifetime low on the common currency as yen bears test authorities' resolve. The New Zealand dollar dipped 0.3% to $0.6065 on Friday, but was up 1.5% for the quarter. The U.S. dollar index was 0.2% stronger at 106.07 on Friday for a 1.5% quarterly rise.
Persons: Ray Attrill, Donald Trump, Joe Biden, Biden, NAB's Attrill Organizations: Republican, Democratic, New Zealand, U.S, Federal Locations: Asia, Tokyo, Australia, Sydney, Atlanta, U.S
Melania Trump has largely remained out of the public eye since Donald Trump left office. She was absent for the entirety of Trump's hush-money trial and will not be at the debate. Melania Trump will be reportedly be making select appearances during her husband's campaign trial. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer first lady Melania Trump didn't attend the first 2024 presidential debate, according to multiple reports.
Persons: Melania Trump, Donald Trump, , Melania, Jill Biden Organizations: Service, CNN, ABC News, Trump's, Business Locations: Atlanta, Lago, Manhattan
The Biden administration plans to protect from deportation around 300,000 Haitians and allow them to work in the country, according to three people with knowledge of the matter, the latest move to shield immigrants from returning to countries in dire conditions. The administration’s plan would make Haitians who arrived after November 2022 and before early June eligible for temporary protected status, the three people said on the condition of anonymity because they were not authorized to discuss it publicly. It comes amid a flurry of recent immigration actions by President Biden. Mr. Biden has shifted toward a more restrictive stance at the southern border, which some see as an attempt to bolster his re-election chances. The Biden administration has used temporary protected status over the past few years to protect hundreds of thousands of migrants, including from countries like Venezuela, Ukraine, Afghanistan and Haiti.
Persons: Biden, Donald J, Trump Organizations: Biden Locations: Venezuela, Ukraine, Afghanistan, Haiti
CNN —Bolivia has arrested more than a dozen high-ranking military and intelligence officials following a failed attempt to unseat the country’s president in a coup allegedly led by its former army chief. All three men are among 17 people arrested so far in connection with Wednesday’s events – most of them members of the military, the report says. Other top officials arrested include military intelligence chief Julio Buitrago. As he was being arrested Zúñiga alleged – without providing evidence – that he was acting on Arce’s instructions. The investigation into Wednesday’s events will continue until all “participants” in the coup are identified, according to the Bolivian government report.
Persons: Juan Jose Zúñiga, Juan Arnez, Julio Buitrago, Jorge Bernal, Zúñiga –, Luis Arce –, Zúñiga, Arce, Ivan Lima, Zúñiga’s, , Aizar Raldes, Edmundo Novillo, Evo Morales Organizations: CNN, Military, Plaza Murillo, Bolivian, Getty, Air Force Locations: Bolivia, Bolivian, American, Quemado, La Paz, AFP, La Paz , Bolivia
Iranians will go to the polls against the backdrop of a battered economy, widespread popular discontent and harsh crackdowns on dissent. Iran is also dealing with high inflation, heavy Western sanctions, mounting tensions with the U.S., ramped-up Iranian nuclear enrichment and the Israel-Hamas war. On issues of foreign policy and war, the Iranian president wields some influence and is the country's public-facing messenger. But power and critical decision-making in Iran ultimately lies with the supreme leader, Ayatollah Khamenei, and unelected institutions like the Revolutionary Guards. Iran's Supreme Leader Ayatollah Ali Khamenei speaks with media after casting his ballot during the Iranian Parliamentary and Assembly of Experts elections at the Leadership office in Tehran, Iran, on March 1, 2024.
Persons: ATTA KENARE, Ebrahim Raisi, , Iran's, Ali Vaez, Rafat, Mohammad Bagher Qalibaf, Saeed Jalili, Masoud Pezeshkian, Amirhossein Ghazizadeh Hashemi, Alireza Zakani, Qalibaf, Jalili, Ayatollah Ali Khamenei, Masoud, Pezeshkian, Mostafa Pourmohammadi, Pourmohammadi, Ayatollah Khamenei, Morteza Nikoubazl Organizations: Western, U.S, Guardian Council, Council, Islamic Revolutionary Guard Corps, Supreme National Security Council, Islamic Consultative Assembly, Revolutionary, Iran's Ministry of Intelligence, House, Revolutionary Guards, Iran's, Iranian Parliamentary Locations: Tehran, AFP Iran, Iran, Israel, Iranian, Iran's, Washington
CNBC Daily Open: Roaring Kitty, Nike flops, inflation on deck
  + stars: | 2024-06-28 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nike warningShares of Nike plunged 12% in extended trading after the sneaker giant slashed its full-year guidance, anticipating a 10% drop in sales for the current quarter. Roaring Kitty, back againChewy shares experienced a rollercoaster ride on Thursday, soaring as much as 34% following a cryptic post by meme stock influencer Roaring Kitty, before falling back into negative territory.
Persons: Matthew Friend, Nike's, Tim Wentworth, Kitty, CNBC's Michelle Fox Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Micron, Nvidia, Treasury, Nike, Walgreens, BCA Research Locations: New York City, U.S, Israel, Lebanon, Greater China, China
Despite all the CNN logos filling viewers’ screens, and the nonstop hype that the network had piled onto Thursday’s prime time debate between President Biden and former President Donald J. Trump, the anchors Jake Tapper and Dana Bash mostly receded into the background as they moderated. At tense moments, the moderators deferred to the candidates to directly address each other’s claims. And the concerns that Mr. Trump might pick a showstopping fight with his CNN interlocutors proved unfounded. CNN had made clear ahead of time that its moderators would act as facilitators, not participants. Its chairman, Mark Thompson, called Mr. Biden and Mr. Trump “the stars of the show.” On that front, the network succeeded.
Persons: Biden, Donald J, Trump, Jake Tapper, Dana Bash, CNN interlocutors, Mark Thompson Organizations: CNN
I met with a group of 11th-grade math students who told me about their hopes for the future. “I don’t want to end up trapped at home and condemned to a domestic life,” one female student told me. Now, among the many other challenges facing girls and women under the Taliban’s rule, a mental health crisis has gripped the country. Now, more than 1,000 days later, school remains off limits for girls older than 12, and restrictions on education have expanded to universities. The Taliban now say education is “an internal matter,” and it remains unclear when — or if — schools will reopen to girls.
Persons: , , Organizations: United Nations, Taliban Locations: Afghanistan, United, Doha, Qatar
Oil prices edge higher as supply risks mount
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand. Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand. Oil prices have shrugged off signs of weak demand in the United States, the biggest oil consuming nation, and rallied higher as cross-border strains between Israel and Lebanon's Hezbollah escalated. On the demand front, rising U.S. crude stockpiles and weak gasoline consumption has kept a ceiling above oil prices. Government data this week showed an unexpected jump in crude inventories in the country as fuel demand weakened.
Persons: Brent Organizations: Brent, . West Texas, FGE Energy, U.S, National Hurricane Center Locations: United States, Israel, Iran, Lebanon, Turkey, U.S, Gulf Coast, Brent
China expelled two former defense ministers from the ruling Communist Party over alleged corruption Thursday, the latest sign of a secretive crackdown sweeping the country's elite. China expelled two former defense ministers from the ruling Communist Party over alleged corruption Thursday, the latest sign of a secretive crackdown sweeping the country's elite. The two former defense ministers, Li and Wei, were expelled by the party's leadership for "serious violation of party discipline and the law," Chinese state news agencies announced early Thursday. Li was also stripped of his title as state councilor at the time, a rare move — officials from the inner circle of the ruling Communist Party are seldom axed. Wei, who preceded Li as defense minister, was similarly accused Thursday of "accepting money and gifts in violation of relevant rules."
Persons: Li Shangfu, Wei Fenghe, Li, Xi Jinping, Wei, Xi Organizations: Communist Party, National Congress, Chinese Communist Party, CCP, Political, CCP Central Committee Locations: China, Beijing, United States, Taiwan, Xinhua
The jury ordered the NFL to pay out $4.7 billion in damages to individual subscribers of the league's "Sunday Ticket" package, which gives viewers access to out-of-market games. The jury also awarded $96 million in damages to business subscribers. Plaintiffs in the case accused the NFL of selling the "Sunday Ticket" package at an inflated price, forcing viewers to overpay for access to out-of-market games. AdvertisementThroughout the trial, the NFL argued it was allowed to sell its "Sunday Ticket" package under an existing antitrust exemption, ESPN reported. The "Sunday Ticket" package dates back to the 1990s when DirecTV was first introduced.
Persons: Organizations: Service, NFL, Business, New, New Orleans Saints, ESPN, DirecTV, YouTube Locations: California, New Orleans, Los Angeles, San Francisco sports
They started the night hoping that President Biden would use the first debate of 2024 to his advantage, that he would finally quash fears about his age and give the impression of a determined statesman compared with former President Donald J. Trump. But for the roughly 40 Democrats who gathered Thursday night at a union hall in Sacramento, it did not take long for the mood to descend into something between grim despair and mild panic. Within minutes, even ardent supporters in the capital of California fell silent, exchanging glances and acknowledging quietly that Mr. Biden, his virtues aside, seemed less forceful than Mr. Trump, and weary. Toward the end, some of the younger attendees left before the debate was over. “Neither of them inspires confidence,” said Dubrea Sanders, 25.
Persons: Biden, Donald J, Trump, , Dubrea Sanders, “ It’s, Mr Organizations: Trump, Young Democrats Locations: Sacramento, California, China
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