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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
Gold, silver head for weekly gains on U.S. rate-cut momentum
  + stars: | 2024-09-27 | by ( ) www.cnbc.com   time to read: +2 min
Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Silver prices surged due to bullion's strong performance and China's stimulus measures, though some analysts warn that the rally may fade due to concerns over industrial demand. The Federal Reserve's larger-than-usual half-percentage-point reduction last week ignited a rally in gold, which hit consecutive record highs and has gained about 1.8% so far this week. Gold prices are currently supported by anticipated U.S. Fed interest rate cuts and China's stimulus measures, both of them are weakening the dollar, said Kyle Rodda, financial market analyst at Capital.com.
Persons: Kyle Rodda Organizations: FedWatch, U.S, BMI Locations: U.S
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
CNN —The Dallas Cowboys got a much-needed victory on Thursday Night Football as they edged past the New York Giants 20-15 at MetLife Stadium. The narrow win continues the Cowboys’ domination over their division rivals. Afterwards, Dallas’ franchise QB spoke of how important the victory was for ‘America’s Team.’“It was huge, absolutely,” Prescott told reporters. Aubrey converted two fourth-quarter field goals to help seal the victory against the New York Giants. In the end, Amani Oruwariye intercepted Giants quarterback Daniel Jones with just seconds remaining to seal the victory for Dallas as they improved to 2-2 on the season; New York, meanwhile, falls to 1-3.
Persons: Dak Prescott, Brandon Aubrey –, Dallas, Prescott, CeeDee Lamb, Rico Dowdle, ” Prescott, , We’re, we’re, Greg Joseph, Aubrey, Adam Hunger, Malik Nabers, Amani Oruwariye, Daniel Jones, we’ve, Organizations: CNN, The Dallas Cowboys, New York Giants, MetLife, Cowboys, NFL, Dallas ’, New, Giants, ‘ America’s, Division, York, Dallas Locations: East Rutherford , New Jersey, New York, Dallas
And this is our way of undoing that,” Leguizamo said in a video interview with series co-creator Ben DeJesus. NGL StudiosPart of the challenge of telling Latino history, Leguizamo said, is that you have to find it. “It was years and years of studying Latin history,” the actor reflected. Ultimately, both co-creators noted, something even deadlier than guns and steel would lead to the demise of these Latin American kingdoms and empires. “It empowers you, it gives you a sense that you matter, that you’re important, and the kids especially feel that.”For DeJesus, knowing Latino history also gives you a sense of belonging.
Persons: John Leguizamo, , ” Leguizamo, “ We’ve, Ben DeJesus, Dolores Huerta, DeJesus, ” “, John, , ” John Leguizamo, José Moya, Leguizamo, , Eduardo Galeano, ” DeJesus, George Washington, Dinero, Washington, De, Charles Lee Lewis Organizations: Civil Rights Movement, PBS, Johns Hopkins University, United Farm Workers, NGL, Aztecs, amigos, Continental Army Locations: American, Americas, Philadelphia, Uruguayan, Europe, Asia, Columbus, East, plata, Washington, De Grasse, American Independence, Kingdom of France, Havana
Caitlin Clark’s historic rookie season ended Wednesday as the Indiana Fever lost 87-81 to the Connecticut Sun, losing their first-round playoff series 0-2. Her 337 assists in the regular season were not only a rookie record, but also the WNBA record for assists in a season. She became the first rookie to record a triple-double, and she set the record for most 3s by a rookie in a single season, as well. On July 17, Clark recorded 19 assists in a loss to the Dallas Wings, a single-game WNBA record. After her final collegiate game in April, Clark’s professional career began the next month in May.
Persons: Caitlin Clark’s, Clark, Alyssa Thomas, DeWanna Bonner, Michael Mulvihill Organizations: Indiana Fever, Connecticut Sun, Sun, Connecticut, Minnesota Lynx, Phoenix Mercury, Dallas Wings, Fever, Indiana, Associated Press, Fox, Iowa Hawkeyes Locations: Connecticut
CNN —Naomi Osaka has never hidden her admiration for Serena Williams and now she’s following in the 23-time grand slam champion’s footsteps. And while Osaka is excited about a new chapter in her career, the four-time grand slam champion says she was initially hesitant to start working with the well-known coach. “This isn’t rude because I found out it’s not true, but I didn’t know if he was a good coach or he coached Serena. I’m really glad that he’s taking this project on, as well.”“I would say I’m still a little nervous around him. I’m getting a little more comfortable day by day.”Patrick Mouratoglou talks to Osaka before her first-round match at the China Open.
Persons: Naomi Osaka, Serena Williams, Williams, Patrick Mouratoglou, Italy’s Lucia Bronzetti, Tsitsipas, Holger Rune, , Serena, I’m, ” Patrick Mouratoglou, Robert Prange, Mouratoglou, Organizations: CNN, China, Reuters, Getty Images Osaka, Wimbledon Locations: Osaka, ” Osaka
Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. AdvertisementUS stocks rallied on Thursday, fueled by China stimulus measures and positive jobs data to pare losses from yesterday. The indexes rallied after leaders in China pledged to support the economy with more strong policy measures. The indexes' gains were also fueled by positive labor market data. Meanwhile, second-quarter GDP came in unrevised at a 3% annualized rate, according to data released Thursday.
Persons: , Eric Jackson, SocGen Organizations: Service, Labor Department, Federal Reserve Locations: China, unrevised
Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures . In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. The so-called PCE is the Federal Reserve's preferred inflation metric, and policymakers and Wall Street alike are hoping for figures that show a cooling trend. The three major indexes are higher for the week, with the S&P 500 up nearly 0.8% and the 30-stock Dow Jones Industrial Average on pace to rise 0.3%.
Persons: LSEG, Jeffrey Roach Organizations: NYSE, Stock, Dow Jones, Nasdaq, Costco Wholesale, Financial, Traders Locations: U.S
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sources tell me the opt-out also affects "Sunday Ticket," the league's out-of-market package for which Alphabet's YouTube paid about $2 billion. That means that after the 2029 Super Bowl, the NFL has the right to completely rejigger the media landscape, if it so chooses. Five years is a lifetime in the media industry given the rapid pace of change. I don't think it's hyperbole to say 2029 could be the end of the modern media era.
Persons: Alex Sherman, NBCUniversal's Peacock, HBO Max, hadn't, it's Organizations: CNBC, Disney, YouTube, NFL, Paramount, HBO, Netflix, Google, Apple Locations: U.S
While parents have used location-tracking apps to keep an eye on their kids since the tech was invented, millennials and Gen Zers are now turning the all-seeing eye onto their parents. The kids who grew up with extra watchful parents are now carefully eyeing their parents' every move. While phones lacked tracking technology when Shafer was younger, her parents set hard limits on which hours she could use her first cellphone and whom she could contact. She described her mom and dad's parenting style as "very typical of overbearing parents, especially immigrant parents." And more parents are tracking their kids in college to help quell their anxiety about the separation.
Persons: Sherry Howard, Howard, , TikTok, Zers, Gen Zers, Kacy Shafer, Shafer, Stephiney Foley, Foley, Kelley Roebuck, Cousin Erica's, Roebuck, y'all, Gabrielle Lask, Lask, didn't, Dr, Kanchi Wijesekera, Julianne Goldfinger, Goldfinger, she's, I'm, Wijesekera, Joy Loverde, Loverde, they've, it's, Julia Pugachevsky Organizations: The New York Times, Pew, Business Locations: Ohio, Caribbean, West Virginia, New York, Shanghai, Smoky, Tennessee, Seattle, Florida, Illinois, California
6 Indiana Fever were defeated 87-81 in Game 2 by the third-seeded Sun to complete the best-of-three series sweep. Clark – who was named the unanimous AP WNBA Rookie of the Year on Sunday – led all scorers with 25 points and also had nine assists and six rebounds. Diana Taurasi plays what could be her last ever game as Lynx eliminate MercuryDiana Taurasi might have played her last ever WNBA game. She is a former MVP, three-time WNBA champion, six-time EuroLeague champion, six-time Olympic champion, 11-time WNBA All-Star and is widely considered to be one of the best women’s basketball players ever. She tied the WNBA playoff game scoring record with 42 points on 70% shooting, also recording five rebounds, four assists and two blocks.
Persons: Caitlin Clark’s, Clark –, , ” Clark, , , Clark, DiJonai Carrington, Jessica Hill, Boston, DeWanna Bonner –, Alyssa Thomas, Diana Taurasi, Napheesa Collier, Taurasi, that’s, Stephen Maturen, Griner, Natasha Cloud, Collier Organizations: CNN, Connecticut Sun, Minnesota Lynx, Indiana Fever, AP WNBA, WNBA, Indiana, Sun, Connecticut, Lynx, Phoenix Mercury, Target Center, Mercury, Las Vegas Aces, New York Liberty Locations: Iowa, South Carolina, Connecticut, Minnesota
The housing market is in the midst of its biggest slowdown since the pandemic, according to Redfin. Homes stayed on the market for the longest in West Palm Beach, Florida, with listings taking a median 79 days before being sold. That was followed by Fort Lauderdale, Florida, and Jacksonville, Florida, where homes stayed on the market for a median 75 and 65 days respectively. Seattle was the hottest housing market in the nation last month, with homes staying on the market for a median of 12 days, per Redfin's report. "Anyone who has been paying attention to the housing market over the past few years knows that desirable homes sell right away," Fairweather said.
Persons: It's, Darryl Fairweather, Redfin's, " Fairweather, Redfin Organizations: Business, . Homes, Federal Reserve, Buyers Locations: Towns, Florida, Texas, Palm Beach , Florida, Fort Lauderdale , Florida, Jacksonville , Florida, Seattle, Indianapolis , Indiana, Warren , Michigan
Red flags fly at Tiananmen Square in Beijing, China, on Wednesday, July 10, 2024. Asia-Pacific markets rose on Thursday, with markets in the region rebounding and Chinese markets poised to extend gains. Mainland China's CSI 300 has notched a five-day winning streak, hitting its highest levels in almost two months after Beijing rolled out a slate of economic stimulus measures on Tuesday. Meanwhile, Hong Kong's Hang Seng index is set for a third straight day of gains, according to futures data.
Persons: Hong Organizations: China's CSI Locations: Beijing, China, Asia, Pacific
Liang told Business Insider he expects 90% of AI computing workloads will be in inference in the not-too-distant future. AdvertisementThat's why several startups are charging aggressively into the inference market — emphasizing where they might outperform the goliath in the space. Speed is an important factor when multiple AI models talk to each other and waiting for an answer can dampen the magic of generative AI. The number of tokens per second that can be consumed (when a prompt goes in) and generated (when a response comes out) is a common metric for AI computing speed. AdvertisementCerebras's AI chip is roughly size of a dinner plate.
Persons: , Rodrigo Liang, Colleen Kress, workloads, Liang, Andrew Feldman, Bernstein, Colette Kress, Kress, Nvidia's, SambaNova, Anthropic's Claude, Nvidia isn't, Jensen, Dylan Patel, Patel Organizations: Service, Business, SambaNova Systems, Nvidia, ARM, AMD, o1, BI Locations: Artificialanalysis.ai, TCO
Read previewRussia is tapping China to build long-range attack drones for use in its war against Ukraine, Reuters reported. The report stated that Russia had created a secret weapons program in China, citing documents as well as two unnamed sources from a European intelligence agency. AdvertisementBut prior to the Reuters report, it was thought that China stopped short of transferring entire weapons systems to Russia. "Let's be absolutely clear about it: China does not want Russia to lose this war," Nixey said. AdvertisementThe war, he said, "is a symbol and a forebear of Western ability, Western spine, Western political will to defend the rules-based international order."
Persons: , IEMZ, Kupol, G3s, James Nixey, shouldn't, Nixey, Kurt Campbell, Sari Arho Havrén, NATO's, Farah Dakhlallah, Dakhlallah Organizations: Service, Ukraine, Reuters, Business, Russian Ministry of Defence, US, Royal United Services Institute Locations: Russia, China, Russia's, Ukraine, Russian, Izhevsk, Eurasia, Brussels, Europe
Trader Joe's Fall Harvest salsa had an unusual sweetness that I didn't care forThe Fall Harvest salsa isn't the only seasonal dip Trader Joe's has for fall. Trader Joe's pumpkin-spice granola bark was thicker than I expectedTrader Joe's pumpkin-spice granola bark was thick. I used Trader Joe's pumpkin brioche to make a lovely French toastTrader Joe's pumpkin brioche is a unique fall take. Trader Joe's pumpkin 4-cheese Greek-yogurt dip had way too many competing flavorsI was not a fan of this Trader Joe's dip. Trader Joe's pumpkin pancake and waffle mix can elevate your fall breakfast gameTrader Joe's pumpkin pancake and waffle mix was incredible.
Persons: , I've, Joe's, Wilson, I'm, I'd, they're, Savanna, empanadas, Wilson I, hummus, Wilson I'm, it's, Joe, dente, you've Organizations: Service, Business, Wilson Apple, Pretzel Slims, Joe's Pretzel Slims, Wilson Locations: Savanna, globs, Swain, Monterey Jack, chiles, Brussels
The stadium is set to become the home for USL Championship League soccer team Oakland Roots starting in 2025. In a letter addressed to the fans ahead of the final home series, A’s owner John Fisher reflected on the team’s legacy in Oakland. “The A’s are part of the fabric of Oakland, the East Bay, and the entire Bay Area,” Fisher wrote. Countless dedicated staff members and Oakland Coliseum employees have poured their hearts into this team, and their efforts have meant so much to our community. The Oakland Coliseum sits in third place for the most no-hitters thrown (12), with the last being a perfect game by the New York Yankees’ Domingo German in 2023.
Persons: Hall, Hall of Famer Rickey Henderson, Dave Stewart, Barry Zito, Mason Miller, Travis Jankowski, , Ezra Shaw, Mark Kotsay, , Kotsay, who’s, ” Kotsay, Let’s, Oakland A's Jacob Wilson, Oakland Coliseum Ezra Shaw, John Fisher, Fisher, ” Fisher, Lew Wolff, Oakland Coliseum Eakin, New York Yankees ’ Domingo, Dallas Braden, Peggy Lindsey Organizations: CNN, Athletics, Texas Rangers, , Coliseum, Hall of Famer, Rangers, Las Vegas, Oakland, West Sacramento’s Sutter Health Park, Minor League, Sacramento, Cats, Major League Baseball, NFL’s Raiders, Sin City, Oakland A's, Oakland Coliseum, Getty, AFC, USL Championship League, Oakland Roots, Howard, Oakland Coliseum Eakin Howard, Raiders, New York Yankees ’, Mariners Locations: Oakland, West Sacramento’s, Las Vegas, Sin, Bay, Seattle
A leaked internal guidebook from MrBeast is being passed around the tech world. Tech workers and investors are digging into the YouTuber's views on hiring, managing, and more. Related storiesA hardcore founder who writes like a real personMrBeast's guidebook is the latest "hardcore" corporate document to go viral in the tech world. "Leaked internal emails and memos are religious texts for the tech world," Alder said. Donaldson's casual, unpretentious writing style was a big factor in helping it spread across the tech world, industry insiders told BI.
Persons: , He's, Jimmy Donaldson, Donaldson, Brian Chesky, Combinator's Paul Graham, Tom Alder, Alder, Jeff Bezos, ByteDance, Donaldson isn't, it's, John McCarus, Steve Jobs, MrBeast, Rachel Roberts Mattox, Mattox, Marc Cohen, Abhishek Sharma Organizations: Tech, Service, Hacker, Big Tech, YouTube, Unbundled, Google Locations: Silicon Valley
The videos from Saudi Arabia’s futuristic urban development project spread quickly across the internet, and almost as quickly started to disappear. A handful of smaller accounts within this small community of Neom-based content creators remain active, with their videos still viewable. NEOM/Cover-Images.com via Reuters fileThe spokesperson said the latest marketing campaign was about Saudi National Day and was shared to LinkedIn last week. On Thursday last week, at least four other Neom-based content creators suddenly went dark, though one account seemed to reactivate later that day. In many ways, according to researchers, Neom is tied to Saudi Arabia’s efforts to reshape its reputation on the global stage.
Persons: Prince Mohammed bin Salman, expats, Neom —, Neom, influencers, Jessica Herman, ” Herman, Ellen Wald, , , ” Wald, TikTok, Hend Aly, Prince Mohammed, ” Aly, Wald, Aly, , Jamal Khashoggi Organizations: Saudi, LinkedIn, , NBC News, Inc, University College London, BBC, Washington Post Locations: Saudi, Neom, Saudi Arabia, United States, Europe
CNN —New York Liberty star Sabrina Ionescu tied a franchise playoff record after scoring 36 points in the No. The victory sees the Liberty advance to the WNBA playoff semifinals where they will meet the Las Vegas Aces, led by league MVP A’ja Wilson. But, you know, every single game is a championship game to get to that final goal,” she said, per the Associated Press (AP). Las Vegas will now travel to New York to face the Liberty on Sunday in Game 1 of the best-of-five series. “New York is a lot better team than they were last year,” Plum said after Tuesday’s win, per ESPN.
Persons: Sabrina Ionescu, A’ja Wilson, Ionescu –, , , Gray, Ionescu, Wilson, A'ja Wilson, David Becker, NBAE, Kelsey Plum, she’s, Tamika Catchings, Candace Parker, , ” Plum Organizations: CNN, New York Liberty, Atlanta, Liberty, WNBA, Las Vegas Aces, Associated Press, Aces –, Aces, Seattle Storm, The Aces, Houston Comets, Seattle, Las, ESPN Locations: New York, Las Vegas, “ New York
Egyptology has come a long way from Victorian mummy-unwrapping parties. The mask of King Tutankhamun, which was damaged and glued back together, is seen at the Egyptian Museum in Cairo. Some royal mummies were unveiled by running a knife straight from their head to their toes, with little care. The way early excavators treated mummified remains partly explains why the remains of King Tutankhamun, a Pharaoh of the 18th dynasty buried with the famous golden mask, are in such poor shape today. "CT scanning and X-rays are the basic ways of searching mummies nowadays because you cannot unwrap mummies in museums," Ejsmond said.
Persons: King Tutankhamun, Pharaoh, Ejsmond Organizations: Egyptian, Reuters Locations: Cairo
A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "As a result of lower rates, week-over-week gains for both conventional and government refinance applications increased sharply." Mortgage applications to purchase a home rose just 1% for the week and were 2% higher than the same week one year ago. Mortgage rates haven't moved much to start this week, and will likely wait for more pressing economic data later this week and at the start of October.
Persons: Joel Kan, Kan Organizations: Mortgage Locations: San Rafael , California
Analysts are warning that Coinbase could be entering a down trend after the stock scored a six-day-long advance. In early trading Wednesday, Coinbase rose as much as 1.3%, paving the way for what may be its seventh straight gain. "Coinbase looks very toppy to me as the recent bounce out of the oversold condition looks to be stalling out," Wolfe Research macro strategist Rob Ginsberg told CNBC. Lau also cited muted trading volume on crypto exchanges and pressure on subscription and services revenue due to the declining interest rate outlook. But cryptocurrency "trading volume could jump" when interest rates move even lower and if bitcoin again challenges its all-time high, Lau noted.
Persons: Coinbase, Wolfe, Rob Ginsberg, Tamplin, Owen Lau, Oppenheimer, Lau, bitcoin, Bitcoin, Nick Wells Organizations: Wolfe Research, CNBC Locations: bitcoin
However, finding the right makeup artist for your personal style and needs can be challenging. That's why it helps to know what to look out for when working with a makeup artist. For this reason, makeup artists should have a collection of single-use application tools, including lip and mascara wands, powder puffs, and sponges. Beware of makeup artists who aren't responsive or communicativeMcGinley warned against working with makeup artists who aren't punctual with their responses leading up to your services. A makeup artist should never ask the client to bring their own makeupMakeup artists should come prepared with a professional kit.
Persons: , Alyssa McGinley, " McGinley, Vasil Dimitrov, McGinley, Jazmin Sykes, Sykes, Vieriu Adrian, isn't, it's Organizations: Service, Business, Hollywood Locations: an Arizona
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