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Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.
Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S
SYDNEY, Australia — Pesto the huge king penguin chick has drawn hundreds of visitors to an Australian aquarium, and now the bird can count Katy Perry as one of his biggest fans. Chocolate-brown and fluffy, Pesto is a 9-month-old king penguin that weighs 52 pounds, more than twice the combined weight of his parents. Most of Pesto’s weight comes from the brown fuzz that keeps penguin chicks warm through winter. Like all king penguins, Pesto is non-sexually dimorphic, which means he does not have externally visible traits that distinguish him from female penguins. The average parental care for a baby king penguin can span over a year.
Persons: Australia —, Katy Perry, Pesto ”, Michaela Smale, “ We’ve, ” Smale Organizations: Australian Football League, Channel Seven, Melbourne, Reuters Locations: SYDNEY, Australia, U.S, Melbourne
This article is part of “Dealing the Dead,” a series investigating the use of unclaimed bodies for medical research. Texas Senate Media ServicesThe Health Science Center did not comment on Parker’s plans for legislation. The Health Science Center suspended its body-donation program, fired the officials who led it and said it would stop accepting unclaimed bodies. The University of North Texas Health Science Center suspended its body-donation program and fired the officials who led it. Dallas County officials have said moving forward they won’t provide unclaimed bodies for research unless survivors choose to do so.
Persons: Sen, Tan Parker, Parker, , , Andy North, Shelby Tauber, Alisa Simmons, Brenda Cloud, Victor Honey, Maddie McGarvey, NBC News Cloud, ” Cloud, ” Terrence Hayes, “ Mr, Honey, Al Sharpton, MSNBC’s, ” Sharpton, Thomas Champney, ” Champney, Eli Shupe, Tarrant, ” Shupe, Louisa Harvey, Michael Coleman, Michael, ” Harvey, Louisa Harvey ., Louisa Harvey Harvey, Harvey, she’s Organizations: NBC News, Republican, NBC, Fort, University of North Texas Health Science Center, Army, Texas, Media Services, Health Science Center, Dallas, Fort Worth National, U.S . Department of Veterans Affairs, Veterans, Health Science, University of Miami Miller School of Medicine, University of Texas Locations: Texas, Dallas, Tarrant, Fort Worth, North Texas, Mississippi, United States, Arlington
Republicans stand a good chance of erasing the Democrats’ narrow 51-49 Senate majority in November, a hard reality that complicates Harris' transition planning. Members of Harris’ transition team have studied that one — the handoff from Ronald Reagan to George H.W. Harris' team is operating under an unusually compressed timeline and is still building the basic apparatus needed to vet potential hires and staff an administration. Last month, Harris' campaign appointed Yohannes Abraham to run the team that is preparing for a transfer of power. He came to his new role with direct experience, having been executive director of Biden’s transition in 2020.
Persons: WASHINGTON, Kamala Harris, Harris, who’ve, Joe Biden, Biden, undercutting, , Barack Obama, Robert Gates, George W, Bush's, Gates, , It’s, Ronald Reagan, George H.W, George H.W . Bush, They've, Hillary Clinton, Obama, Donald Trump, Yohannes Abraham, Abraham, Trump, , she’s, Max Stier, There’s, Christine Wormuth, Kathleen Hicks, Michèle Flournoy, Rosa Brooks, ” Brooks, ” Harris, William Burns, Burns, who've, he's, Rohini Kosoglu, Harris ’, Julianne Smith, Phil Gordon, Sens, Chris Murphy, Chris Coons, Linda Thomas, Greenfield, Samantha Power, Walz, Pete Buttigieg, Buttigieg, it’s “, Gina Raimondo, Joe ”, ” Raimondo, Raimondo Organizations: Republican, Biden, Senate, NBC, Trump, Pentagon, Democratic, Senate Democrats, Republicans, University of Virginia's, Association of Southeast Asian Nations, ASEAN, Partnership for Public Service, Army, CIA, White House, NATO, United Nations, U.S . Agency for International Development, Transportation, Biden's Cabinet, Fox News Locations: Washington, George H.W ., U.S, Indonesia, Connecticut, Delaware, United, Biden's
Harris is scheduled to make her first trip to the southern U.S. border in more than three years. “We do have a broken immigration system,” Harris said Wednesday in an interview with MSNBC. In discussing immigration, Harris has increasingly attacked Trump over his efforts to kill a bipartisan border funding deal this year. “She keeps talking about how she supposedly wants to fix the border,” Trump said Thursday at a news conference at Trump Tower. He’s skeptical of Harris’ tougher talk on immigration.
Persons: DOUGLAS, Kamala Harris, Harris, Joe Biden, ” Harris, It’s, Biden, Trump, , Mike Johnson, didn’t, , ” Trump, John Ladd’s, John Ladd, Gabe Gutierrez, “ Trump, ” Miles, “ That’s, ” Danya Acosta Organizations: MSNBC, Border Patrol, NBC News, Republicans, Trump, NBC, Council, Republican Locations: Ariz, U.S, El Salvador, Guatemala, Honduras, Arizona, Cochise County, Douglas
Ishiba, a straight-talking former defense minister, will take office on Tuesday when Prime Minister Fumio Kishida and his cabinet ministers resign and Ishiba is elected his successor by members of the LDP-controlled parliament. He is also contending with a complicated security environment in the Asia-Pacific region, where the U.S. has been strengthening ties with Japan and other allies in an effort to counter China’s growing power. After no candidate received a majority in the first round of voting, Ishiba won in a runoff against economic security minister Sanae Takaichi, 63, who would have been Japan’s first female prime minister. This was Ishiba’s fifth time running for party leader. In addition to being a realist, Ishiba is also an idealist who has never been tainted by scandal, Cucek said.
Persons: Shigeru Ishiba, Fumio Kishida, Ishiba, Hiro Komae, Kishida, Kishida “, ” Ishiba, Sanae Takaichi, Takaichi, , Michael Cucek, Cucek, ” Cucek, , Lin Jian, Lin, Arata Yamamoto, Jennifer Jett Organizations: Liberal Democratic Party, LDP, Liberal Democratic Party’s, Getty, Temple University, NATO, U.S, Yasukuni, Foreign Ministry Locations: TOKYO, U.S, Ishiba, Asia, Pacific, Japan, North Korea, Tokyo, AFP, United States, Japanese, Tottori, South Korea, Philippines, Australia, China, Taiwan, Beijing, East Asia, Phuket, Thailand
Hurricane Helene made landfall near Perry, Florida, as a Category 4 storm with 140 mph sustained winds and higher gusts. Hurricanes are rated 1 through 5 on the Saffir-Simpson Hurricane Wind Scale based on their wind speed. Damage is exponential as wind speed increases, meaning a strong Category 3 storm could do up to 60 times as much damage as a weak Category 1 storm. Well-built homes will be heavily damaged, with most of the roof blown away. Most well-built homes will be destroyed, and many will be stripped to the foundation.
Persons: Helene Organizations: Hurricanes, Simpson Locations: Perry , Florida, Big Bend,
LUCKNOW, India — At least 46 people, most of them children, have drowned while bathing in rivers and ponds swollen by recent floods during the observance of a Hindu religious festival celebrated by millions in north India, authorities said Thursday. India has seen deadly stampedes during religious events in the past, but widespread drowning incidents during festivals are rare. Local media reported that some of the rivers and ponds in the state had been swollen by floods following heavy rains. Devotees were celebrating the annual festival of Jivitputrika Vrat, during which women fast for 24 hours and offer prayers for the well-being of their children. They also travel to rivers and ponds in their neighborhood to bathe, sometimes accompanied by their children.
Persons: Jivitputrika Vrat Locations: LUCKNOW, India, Bihar
A third of teens and young adults in the U.S. can’t afford or otherwise access menstrual products, according to new research from Children’s National Hospital in Washington, D.C. Some young people may skip school, sports or other social activities because of a lack of access to menstrual products. “This is impacting everyone.”Some states are passing legislation to increase access to menstrual products in schools. Are you able to access tampons or pads? “Just like toilet paper is readily available in all restrooms, we’d love to see improved access to free menstrual products everywhere.”
Persons: , , Monika Goyal, Goyal, they’d, what’s, Shelby Davies, Davies, ” Davies, , Meleah Boyle, ” Boyle, pediatricians, ” Goyal Organizations: Children’s National Hospital, Washington , D.C, Center, Children’s, American Academy of Pediatrics, National, Children’s Hospital of Philadelphia Locations: U.S, Washington ,, Orlando , Florida, Minnesota, Alabama , California , Colorado , Illinois, Maine, Maryland, New Mexico
A Trump campaign spokesperson referred questions about the agreement and Trump's involvement in the business endeavor to the Trump Organization. "Trump Watches are not designed, manufactured, distributed or sold by Donald J. Trump, The Trump Organization or any of their respective affiliates or principals," the website said. The website's FAQ section highlights the question, "Are these official watches by President Trump?" "These are only official Watches offered by President Trump and includes a replica of his famous signature!" Trump has promoted $60 branded Bibles in partnership with country music artist Lee Greenwood, and Trump family members have also launched a crypto platform.
Persons: WASHINGTON —, Donald Trump, Trump, Donald J, President Trump, Harris, Ammar Moussa, Trump’s, “ Donald Trump, , Lee Greenwood Organizations: WASHINGTON, White, Trump Organization, TheBestWatchesonEarth, The Trump Organization, Trump Locations: Swiss
Taylor County expects to take a direct hit from the Category 4 storm, which is expected to make landfall Thursday night. Taylor County, in northern Florida near the Big Bend region, is home to 20,000 residents, Padgett said. Follow here for live updatesAs in other spots in Florida, mandatory evacuations were ordered for Taylor County, but Padgett estimated that as much as half of his population is choosing to stay put. Uber has offered to take Taylor County residents to shelters outside the county, Padgett said. Helene is the third major storm within a year for Taylor County, Padgett said, "But we're going to endure.
Persons: PERRY, Helene, Mark, Sheriff Wayne Padgett, Padgett, It's, We've, I've, ” Padgett, Uber Organizations: Sheriff, Taylor County Locations: Fla, Taylor, Taylor County, Florida, Bend
Barclays has identified a handful of European stocks poised to benefit from China's anticipated economic stimulus measures. Mainland Chinese stocks jumped on the news. The investment bank suggested that China's current economic climate resembles April 2024, when Chinese and China-exposed stocks experienced a significant rally. According to Barclays, U.K.-headquartered insurer Prudential , cosmetics giant L'Oreal , carmakers BMW and Mercedes , and miner Rio Tinto are among the top European stocks that could benefit from China's stimulus efforts. China's recent economic challenges have been evident, with the country experiencing its longest period of deflation since 1999.
Persons: Anshul Gupta, Larry Hu, Hu, — CNBC's Michael Bloom, Evelyn Cheng Organizations: Barclays, People's Bank of China, Prudential, L'Oreal, carmakers BMW, Mercedes, Rio Tinto, U.S, Prudential plc, Macquarie Locations: China, Rio, China's
It took aim at McDonald's in its promotion, accusing its rival of having broken ice cream machines. Wendy's has previously criticized McDonald's for using frozen beef, sparking a public feud. AdvertisementThe Wendy's — McDonald's feud seems to be heating up again. In 2018, Wendy's launched a national TV ad campaign criticizing McDonald's for using frozen beef patties in its hamburgers. "Happy #NationalFrozenFoodDay to you for all the frozen beef that's sticking around in your cheeseburgers."
Persons: Wendy's, , It's, McDonald's Organizations: Service, Business
Micron surged over 15% after strong revenue and profit forecasts driven by AI spending. Other chip stocks also rallied on Thursday after Micron's revenue guidance. AdvertisementMicron surged over 15% on Thursday after reporting strong revenue and profit forecasts, spurred by continued artificial intelligence spending. Micron projected its next quarter's revenues to be between $8.5 billion and $8.9 billion, above the $8.3 billion analysts anticipated. AdvertisementThe chipmaker's rosy forecast is a sign that it is another winner of the AI spending boom.
Persons: , Sanjay Mehrotra, wasn't, Matt Bryson Organizations: Micron, Service, US, Nvidia, Samsung Electronics, SK Hynix, Tokyo Locations: HBM, South Korea
But some tech analysts contend people are most interested in truly wearable tech, like Orion. Quest is limiting because of its bulk — and Orion AR glasses are an improvement, the analysts said. Some said they're persuaded that augmented-reality wearable glasses like Orion have more potential than mixed-reality headsets, like the bulky Quest. Meta's Quest, pictured in May, doesn't have as much potential as its new Orion glasses, some analysts say. AdvertisementHe said that's why he likes Zuckerberg's vision of more easily wearable tech, like Orion.
Persons: , Mark Zuckerberg, they're, Zuckerberg, Gene Munster, Munster, doesn't, It'll, Justin Post, Meta hasn't, Ben Thompson, Andrew Bosworth, Orion Organizations: Meta, Service, Orion, Quest, Deepwater Asset Management, Munster, Orion . Bank of America Locations: Orion .
Most analysts think that September's top-performing stocks could continue their ascent. September is a traditionally dicey for stocks: It's the worst month of the year for the S & P 500 , according to the Stock Trader's Almanac . With October right around the corner, CNBC Pro used FactSet data to screen for this month's top-performing stocks in the S & P 500 and find out where analysts see them going next. Constellation Energy is up more than 30% on the month, making it September's second-highest performer in the S & P 500. Power company Vistra has surged nearly 196% in 2024, and it's the top performer in the S & P 500 this month.
Persons: Morgan Stanley, David Arcaro, Vistra, Jefferies, Julien Dumoulin, Smith, Raymond James, Brian Gesuale Organizations: Federal, Dow Jones, CNBC Pro, Analysts, Constellation Energy, Microsoft, Constellation, Energy, Software, Palantir Technologies, Oracle, Delta Air Lines Locations: Thursday's
Extreme temperatures are driving travelers to seek cooler destinations. From January to June 2024, flight searches increased 705% to Lapland, Finland, according to Expedia. The online travel agency said flight searches are also up to Canada, specifically Banff (65%) and Lake Louise (55%), its data showed. "We live in the San Fernando Valley in Los Angeles where we experience extreme heat for most of the summer, reaching highs well above 100," she said. "We want to be comfortable when we are traveling to experience all a city has to offer and take a break from the extreme heat at home."
Persons: Lake Louise, Vrbo, Stephanie Greitzer Organizations: U.S . Environmental Protection Agency, Expedia, CNBC Travel Locations: Lapland, Finland, Canada, Banff, Lake, Breckenridge , Colorado, White, , New Hampshire, Pocono, , Pennsylvania, Whistler, San Fernando, Los Angeles
Wang, chief China equity strategist at Morgan Stanley, told CNBC's " Street Signs Asia " Friday that the index could rise by another 10%. But she cautioned that more details on Beijing's recent economic stimulus measures were needed for a sustained rally. Chinese stocks rose further after Beijing on Thursday called for halting the real estate slump and a strengthening of monetary and fiscal policy. He said he's bought more Chinese stocks since. "After the break, we would really like to see as soon as possible the execution details on the physical spending and on the market stabilization measures," Wang said.
Persons: Morgan Stanley's Laura Wang, Wang, Morgan Stanley, CNBC's, Goldman Sachs, David Tepper, he's Organizations: CSI Locations: Shanghai, Shenzhen, China, Beijing
CNBC Daily Open: More all-time highs? Yes please
  + stars: | 2024-09-27 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
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. Why are Treasury yields rising? Treasury yields tend to move in tandem with interest rates. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip.
Persons: Hong, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Sarah Friar, OpenAI's, Ishiba, Shigeru Ishiba, Sanae Takaichi Organizations: CNBC, Major, CSI, Treasury, U.S . Federal Reserve, Altman, PM, Liberal Democratic, Bank of, People's Bank of China, Barclays Locations: Major U.S, Asia, Pacific
Dollar drifts, risk-sensitive currencies lifted by China optimism
  + stars: | 2024-09-27 | by ( ) www.cnbc.com   time to read: +4 min
The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. "This suggests a more cautious approach to interest rate cuts, prioritizing a balance between the Fed's employment mandate and keeping an eye on inflation risks." The risk-sensitive Australian and New Zealand dollars also held near multi-year highs due to China stimulus plans. AUD/On Thursday, China's leaders pledged to support the struggling economy through "forceful" interest rate cuts and adjustments to fiscal and monetary policies, stoking expectations for more stimulus.
Persons: Ryan Brandham, Sterling, China's Organizations: Federal Reserve, North America, Validus Risk, New, Communist Party, ING Locations: U.S, China, New Zealand
OpenAI CFO Sarah Friar emailed investors the day after three top execs suddenly left, per CNBC. Friar sought to soothe investor worries, saying the firm is still "laser-focused" on AI that can bring them returns. AdvertisementOpenAI's chief financial officer, Sarah Friar, is trying to assure investors that the company is still in good hands despite the sudden exit of three top executives, according to an email reported by CNBC. The outlet's Kate Rooney cited an email from Friar to OpenAI investors on Thursday night, a day after the firm saw the departure of its chief technology officer, Mira Murati. Murati, McGrew, and Zoph left OpenAI just a month after other top leaders stepped away from the company in August.
Persons: Sarah Friar, execs, Friar, OpenAI, , Kate Rooney, Mira Murati, Barret Zoph, Bob McGrew, helming Nextdoor, nix, Sam Altman, Zoph Organizations: CNBC, Service, Research, Post, Bloomberg, Business Insider Locations: OpenAI
Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. The most impressive aspect of Meta's Orion augmented-reality glasses has more to do with size and comfort than flashy computer graphics. Meta CEO Mark Zuckerberg revealed the Orion glasses on Wednesday and pitched them as "a glimpse of a future that I think is going to be pretty exciting." While Orion is not capable of putting users in fully virtual worlds, the glasses can overlay digital graphics onto the real world. And unlike VR headsets that can be cumbersome to wear for extended periods, Boorstin said she found the Orion glasses to be a good fit.
Persons: Mark Zuckerberg, Orion, Julia Boorstin, Boorstin, they're Organizations: Meta, CNBC, Orion, Connect, Apple Vision Locations: Menlo Park , California, U.S
United Nations headquarters CNN —It’s one of the biggest security operations in America: Protecting thousands of world leaders and their entourages at the annual high level United Nations General Assembly meeting in New York. High shots from cameras looking at nearby corners outside the UN are always on. The UN security officials said its impossible to monitor all 1400 cameras at the same time but there are personnel checking out the scene. New York police and diplomatic security are tasked with rushing long and short motorcades from hotels across Manhattan to the UN and back. UN security officials say their priority is providing a secure environment.
Persons: CNN —, It’s, They’ve, Linda Thomas, Greenfield, Organizations: Nations, CNN, United Nations, Assembly, UN, New York Police Department, Secret Service, New York, New York Stock Exchange, New Locations: America, New York, Manhattan
The e-commerce giant's shares in Hong Kong are around 18% higher this week. Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China's central bank announced measures to stimulate the world's second-largest economy. Prior to the cuts, investors had been cautious on Chinese tech stocks like Alibaba and Meituan which are sensitive to the economy and consumer in China. However, big-name investor have started to strike a bullish tone on Chinese stocks. Despite the latest upswing, Chinese tech stocks remain significantly off their all-time highs hit in 2021.
Persons: Alibaba, David Tepper, Evelyn Cheng Organizations: Hong, Hang Seng Tech, Hong Kong, People's Bank of, Billionaire, CNBC, U.S . Federal Reserve, Baidu Locations: U.S, Hong Kong, People's Bank of China, China
"Hellboy: The Crooked Man" is the character's latest reboot. Director Brian Taylor told Business Insider the scene needed "a lot of rubber and a lot of lube." Director Brian Taylor told Business Insider that he used "a lot of rubber and a lot of lube" to get it right. AdvertisementInstead, "Hellboy: The Crooked Man" takes a welcome, back-to-basics approach and leans closer to the horror genre than action and fantasy. Icon Film Distribution presents "Hellboy: The Crooked Man" in UK cinemas from 27 September.
Persons: Brian Taylor, , Mike Mignola, Richard Corben, Jack Kesy, Martin Bassindale, Hellboy, David Harbour, Cora Fisher, Hannah Margetson, Fisher, Clive Barker, Taylor, Margetson Organizations: Business, Service, Millennium Media, Office
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