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We met at the Oscars, and she’s just as lovely and gracious and cool as you could imagine,” Taylor-Joy says of Theron. “We are due a very long dinner, just to swap war stories. Charlize Theron in "Mad Max: Fury Road." “Just as we wrote the story for Furiosa, we’ve written a story for Max in the year before we meet him in ‘Fury Road,’” Miller teased. “So, I know what happens to him, and I’ve certainly speculated about what happens after ‘Fury Road.’”
Persons: Charlize Theron, , Max, George Miller, Theron, Anya Taylor, Joy, Taylor, Joy raved, Oscar, ” Taylor, , Miller, Max ”, Mel Gibson, , Martin Scorsese, Ang Lee —, we’ll, ’ ” Miller, , Ang Lee, Chris Hemsworth, CNN Miller, ” Miller, “ She’s, Thor, ” Hemsworth, Hemsworth, Pictures Miller, Dementus, Chris, ” Chris Hemsworth, ” Jasin Boland, we’ve, I’ve Organizations: CNN, Fury, Warner Bros, Marvel, Pictures, Hemsworth Locations:
Dollar holds firm as traders trim U.S. rate cut bets
  + stars: | 2024-05-24 | by ( ) www.cnbc.com   time to read: +3 min
"The carry of holding dollars is far juicier," he said, while policymakers' rhetoric has also made traders nervous about inflation and the risk rate cuts would be distant or small. Traders have pushed out the timing of the first Fed rate cut to December. Thursday's business surveys from S&P Global supported the conviction among many traders that the Fed may keep rates higher for longer. But not for traders who are positioned for Fed cuts. Rates markets still price a near 90% chance the ECB cuts rates next month.
Persons: Martin Whetton, Matt Simpson, Sterling, Christopher Waller Organizations: U.S, Westpac, Federal, Traders, P Global, European Central Bank, Federal Reserve Locations: Sydney
After more than half a decade of dramatically depreciating currency, burning through FX reserves and unorthodox monetary policy, Turkey's economy is battle-scarred. New economic and central bank team appointments since roughly a year ago appear dedicated to reversing Turkey's fortunes, no matter how painful the process. The central bank oversaw an aggressive cumulative rate increase of 3,650 basis points between May 2023 and January 2024. It said at the time that "tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed." "The authorities' shift towards policy normalization has galvanized investor interest in Turkish assets," according to a Citi report published Thursday.
Persons: Recep Tayyip Erdogan Organizations: Citi Locations: Turkey
British Prime Minister Rishi Sunak makes a statement in the rain outside 10 Downing Street, announcing the UK general election will take place on 4 July in London, United Kingdom on May 22, 2024. News of the vote came as a surprise to the public, the media and much of Sunak's own party. 'As good as it gets'Bronwen Maddox, director of Chatham House think tank, said the election date had shocked many Conservatives who thought it would be held nearer to the U.S. election in November. Market bets on an interest rate cut in the summer fell as a result, and it now looks unlikely the central bank will cut on June 20, its last meeting before the election. So if that translates to a general election as well, then that Labour landslide is looking much less certain."
Persons: Rishi Sunak, Sunak, Price, Bronwen Maddox, I'm, Maddox, Rachel Reeves, Sir Keir Starmer, Angela Rayner, Leon Neal, James, Hannah Bunting, CNBC's, Tony Blair, John Major, Bunting, we've Organizations: British, Anadolu, Getty, Conservative Party, Conservatives, Labour Party, Downing, Bank of England, Chatham House, CNBC, Bank of England's, Labour, Centre, University of Exeter Locations: London, United Kingdom, U.K, Europe, Gaza, Rwanda, Purfleet
Stocks jumped Thursday with investors feeling buoyant after Nvidia's big first-quarter earnings report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks moved higher on Thursday, with investors cheering another blowout earnings report from chip giant Nvidia. The company, whose chips are at the heart of the artificial intelligence boom, beat on both revenue and earnings. It reported $26.04 billion in revenue versus analyst estimates of $24.65 billion, and earnings per share of $6.12, compared to estimates of $5.59.
Persons: Stocks, Raphael Bostic, , Blackwell, AI Jensen, Dan Ives Organizations: Atlanta Fed, Service, Nvidia, Securities, Microsoft, Atlanta Federal Reserve, Here's
CNBC Daily Open: Nvidia shares top $1,000 on AI boom
  + stars: | 2024-05-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia to split stock, sales to soarShares of Nvidia rose more than 7%, topping $1,000 for the first time, in after-hours trading after its first-quarter earnings and sales beat analysts' expectations. The company plans to split its stock 10 for 1. The media outlet went public in 2021 and has seen its shares fall 94% since then.
Persons: OpenAI, Vivek, Vivek Ramaswamy, Ramaswamy, Goldman Sachs Organizations: CNBC, Nvidia, Dow Jones, Nasdaq, Dow, Google, GOP, Securities and Exchange Commission
That doesn’t mean the battle against inflation is won. Walmart saw first-quarter sales at stores open at least a year climb 3.8% from the prior year, in part thanks to its ability to keep prices low even as inflation remains sticky. “Our combination of everyday low prices plus a large number of rollbacks is resonating” with consumers, Walmart CEO Doug McMillon said on a call with analysts. Investors will get more inflation data next week from the Personal Consumption Expenditures index for April. Without that discount, the combined fine would have topped £88 million ($112 million).
Persons: Doug McMillon, Price, we’re, , Preston Caldwell, Scarlett Johansson, Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, Brian Fung, OpenAI didn’t, Anna Cooban, Organizations: CNN Business, Bell, New York CNN, Walmart, Ikea, Aldi, Morningstar Research Services, Bureau of Labor Statistics, Investors, Citi, Citigroup, Financial Conduct Authority, Bank of England’s Prudential, Authority, CNN Locations: New York, United States
More than a week after being shot in an assassination attempt, Slovakia’s prime minister was still hospitalized in serious condition on Thursday, as calls for political unity after the attack have given way to a resurgence of hostility in the polarized Central European nation. Prime Minister Robert Fico was shot multiple times at close range on May 15 in the town of Handlova in central Slovakia. The attempted assassination — the most serious attack on a European leader in decades — sent shock waves through Europe. Mr. Fico has undergone several surgeries since the shooting, and on Thursday the government said his condition “remains serious but stable” at a hospital in the central city of Banska Bystrica. Even before Mr. Fico was shot, Slovakia was deeply divided between backers of his right-wing nationalist and anti-immigration policies, and opponents who accuse him of eroding democracy.
Persons: Robert Fico, , Fico Locations: Handlova, Slovakia, Europe, Banska Bystrica
What Trump 2.0 Could Mean for the Federal Reserve
  + stars: | 2024-05-23 | by ( Jeanna Smialek | ) www.nytimes.com   time to read: +1 min
Former President Donald J. Trump relentlessly criticized the Federal Reserve and Jerome H. Powell, its chair, during his time in office. As he competes with President Biden for a second presidential term, that history has many on Wall Street wondering: What would a Trump victory mean for America’s central bank? The Trump campaign does not have detailed plans for the Fed yet, several people in its orbit said, but outside advisers have been more focused on the central bank and have been making suggestions — some minor, others extreme. Curbing the central bank’s ability to set interest rates without direct White House influence would be legally and politically tricky, and tinkering with the Fed so overtly could roil the very stock markets that Mr. Trump has frequently used as a yardstick for his success. But other aspects of Fed policy could end up squarely in Mr. Trump’s sights, both former administration officials and conservative policy thinkers have indicated.
Persons: Donald J, Trump, Jerome H, Powell, Biden Organizations: Federal Reserve, White
Britain’s inflation rate slowed last month to its lowest level in about three years, approaching the Bank of England’s 2 percent target. Consumer prices rose 2.3 percent in April from a year earlier, down from 3.2 percent in March, the Office for National Statistics said on Wednesday. The rate, which declined slightly less than economists expected, was the lowest since July 2021. Food inflation also slowed to 2.9 percent, from 4 percent. The steep decline in headline inflation, closing in on the central bank’s target, signals a new phase in British policymakers’ battle against inflation.
Organizations: Bank of England’s, National Statistics Locations: Ukraine
The fight to eradicate polio has been long and difficult. But polio continues to this day disabling or killing children in some harder to reach parts of the world. The good news is that we are now on the cusp of eradicating this terrible disease everywhere and forever. Having used this strategy to stop polio, people in developing nations are already looking to apply those same tools against other diseases, both familiar and emerging. Because the communities are poor, and because families can lose patience with repeated visits focused only on polio, the workers also bring nutritional supplements, health information and other resources.
Persons: It’s, Osama bin Laden Organizations: Initiative, Gates Foundation, World Health Organization, Centers for Disease Control, Central Intelligence Agency Locations: United States, Afghanistan, Pakistan
The Notting Hill of the 1990s was still socially heterodox and shabby chic, a neighborhood where a group of 30-something professionals could plausibly have ended up. Even in the late 1990s, such access to disposable income marked the characters in “Notting Hill” out as privileged. Yet, in the 1990s, Notting Hill, long a center of Caribbean immigrant culture and the site of the annual Notting Hill Carnival, underwent a rapid process of gentrification. Between 1995 and 1999, Notting Hill house prices rose by 75%. The colorful terraced houses of Notting Hill, which these days sell for millions of pounds.
Persons: Laura Beers, , George Orwell’s, Richard Curtis ’, Julia Roberts, Anna Scott, Hugh Grant, William Thacker, Roberts, Laura Beers Laura Beers, it’s, , Curtis, Hill’s, Hugh Grant's, Winston, George Orwell, Orwell, Tony Blair’s Britain, Bill Clinton’s America, Grant’s, Tony Blair, Steve Eason, Notting, Spike, Rhys Ifans, Notting Hill, Mike Kemp, San, Spencer Platt, Rishi Sunak’s government’s, Bill, Rewatching Organizations: American University, CNN, MCA, Everett, Notting, Labour, Hulton, Getty, Movement, Housing, Federal Reserve, New York State, Hill ” Locations: American, London, West London, Notting, West, Britain, United States, Young, Notting Hill, Central London, San Francisco, Manhattan, San Matteo, Redwood City, York
London CNN —UK regulators slapped a combined £62 million ($79 million) fine on Citigroup Wednesday for failures in its trading systems that almost resulted in stocks worth $189 billion being dumped onto European markets. Without that discount, the combined fine would have topped £88 million ($112 million). The Bank of England highlighted an incident in May 2022 when one of the bank’s “experienced” traders sold $1.4 billion worth of stocks on European exchanges in error. Citigroup’s systems blocked $255 billion of that, meaning that $189 billion was sent to its trading platform for sale “over the rest of the day.” In total, $1.4 billion worth of stocks was sold before the trader canceled the transaction. Following the incident, Citigroup has taken steps to “improve and strengthen” the security of its trading systems, the central bank said.
Persons: , Sam Woods Organizations: London CNN —, Citigroup, Financial Conduct Authority, Bank of England’s Prudential, Authority, Bank of England, FCA, Locations:
The photograph, taken in 2008 by the late British photographer Tim Hetherington, is from a time when nearly a fifth of all combat in Afghanistan was taking place in the six-mile valley. Tim HetheringtonBoth Hetherington and Junger became “enamoured with the opportunity to show the intimacy of a platoon in combat,” Junger said in an interview via telephone. “My examination of young men and violence, or of young men… It’s as much a journey about my own identity as it is about those young soldiers,” he wrote. ‘It took a little bit from his soul’In this process, Hetherington worried about how photography could be extractive. He wrote of the young men he met there: “They are grimily happy that we are here to help them.
Persons: Tim Hetherington, , Sebastian Junger, Hetherington, Doc, Kelso, Junger, ” Junger, “ Restrepo ”, Bobby, , Tim Hetherington Junger, ” Young, James Brabazon, Tim Hetherington Brabazon, Brabazon, “ Tim, , Cortez, Greg Brockett, I’m, Stephen Mayes, Tim Hetherington Hetherington, wasn’t, , ” Tim Hetherington, , Mayes, Tim, he’d, ” Brabazon Organizations: CNN, Liberian, Gaddafi, Tim Hetherington Trust Locations: Korengal, British, Afghanistan, Kunar Province, Cortez, , Libyan, Tubmanberg, Liberia, Monrovia, Misrata, Libya
Fed officials aren’t easing Wall Street’s nerves
  + stars: | 2024-05-22 | by ( Bryan Mena | ) edition.cnn.com   time to read: +4 min
Optimism spurred by the latest inflation data pushed all three major stock indexes to new record highs. But now Wall Street, eager for rate cuts, is on edge again. But some financial leaders remain doubtful that the Fed is feeling confident enough to cut rates soon. “I think we’re set up for stickier inflation.”Some Fed officials say another rate hike isn’t likelyFed officials have mostly sounded a little more optimistic about inflation recently, after the Consumer Price Index for April finally provided some welcome news. Cleveland Fed President Loretta Mester told Bloomberg on Monday that she also thinks interest rates are high enough to deal with inflation.
Persons: they’re, Dow, Christopher Waller, ” Waller, Goldman Sachs, David Solomon, “ I’m, , , Philip Jefferson, Mary Daly, Axios, Jerome Powell, Klaas Knot, Loretta Mester, Chris Larkin Organizations: Washington CNN, Federal Reserve, CNBC, , Peterson Institute for International Economics, Boston College, Mortgage, Association, ” San Francisco Fed, European Central Bank Governing, Cleveland Fed, Bloomberg, Locations: ” San
ET, the 10-year Treasury yield was up by over two basis points to 4.4374%. The 2-year Treasury yield was last at 4.8626% after rising by nearly three basis points. U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve speakers about the outlook for inflation and interest rates. A series of Fed officials on Tuesday urged patience when it comes to rate cuts as inflation remains above the Fed's 2% target. On Wednesday, further Fed officials are set to give remarks and minutes from the central bank's latest meeting are due to be released.
Persons: Christopher Waller, Susan Collins, Raphael Bostic Organizations: U.S, Treasury, Federal Reserve, Boston Fed, Atlanta Fed
Read previewLawyers in the Donald Trump hush-money trial spent Tuesday afternoon in a spirited battle over this question: what will the judge tell jurors right before they begin their deliberations next week? The jury charge is so important, so sacrosanct, that Merchan will order the doors to his courtroom sealed for its duration, with no one in the well or audience allowed to enter or leave. AdvertisementThe jury charge for this single felony should be easy, right? But it's not the only law jurors must understand and weigh when they begin deliberations as early as Wednesday. Or can some jurors find that Trump conspired to violate tax law, while other jurors see the falsification of National Enquirer business records as the central offense?
Persons: , Donald Trump, Juan Merchan, Trump, There's, Attorney Alvin Bragg, Bragg, Michael Cohen, Cohen, — Cohen, Stormy Daniels, Getty, Daniels, it's, Prosecutors, he's, It's, reimbursements, Emil Bove, Matthew Colangelo, Colangelo, Merchan, I'm, Yuki Iwamura, Bove, he'll Organizations: Service, York, Business, Trump Organization, Prosecutors, Attorney, Trump, Manhattan, Federal, National Enquirer Locations: New York, York, Manhattan
Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024. Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. "Fears of weaker demand led to selling as the prospect of Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities. Lower interest rates reduce borrowing costs, freeing up funds which could boost economic growth and demand for oil. OPEC+ could extend some voluntary output cuts if demand fails to pick up, people with knowledge of the matter previously told Reuters.
Persons: Toshitaka Tazawa, Philip Jefferson, Michael Barr, Raphael Bostic, Ebrahim Raisi, Ayatollah Ali Khamenei, Mohammed Bin Salman, Fujitomi's Tazawa Organizations: Brent, . West Texas, Federal, Fujitomi Securities, Atlanta Fed, Reuters, Saudi Arabia's Crown, Iranian, Investors, Organization of, Petroleum Locations: Kawasaki, Kanagawa Prefecture, Japan, Saudi, OPEC
China has mandated that local businesses leave the door open for cash payments as it tries to attract foreign investment and tourism after the pandemic. AdvertisementHungry for foreign business, China has rushed to bridge the gap. Major payment platforms Alipay and WePay started allowing visitors to link their international bank cards to their Chinese accounts. It's illegal in China to reject cash for purchases, and the central government's crackdown has intensified in the last several years. Investor relations for Yum China, which operates KFC in China, did not immediately respond to a request for comment sent by Business Insider.
Persons: , WePay Organizations: Service, KFC, People's Bank of China, Business, China Post, New China Life Insurance, PICC, Regulators, Yum Locations: Beijing, Wuxi, Jiangsu, Mongolia, China, Gansu, New, Shanghai, Tourism, Yum China
Russian forces on Tuesday inched closer to the central part of Vovchansk, a town in Ukraine’s northeast that they have been attacking for the past 10 days as part of a new offensive in the region. Roman Semenukha, the deputy head of the military administration in the northeastern Kharkiv region, said on television on Monday that Ukrainian forces had lost about 40 percent of the town, with Russian troops pushing from the north. Open-source maps of the battlefield compiled by independent groups also show that Russia now controls the northern part of the town, which had a prewar population of 17,000. Vovchansk, which lies just five miles from the Russian border, has been a prime target of Moscow’s new offensive. Both U.S. officials and President Vladimir V. Putin of Russia have said the offensive is part of an effort to establish a buffer zone.
Persons: Roman Semenukha, Vladimir V, Putin Organizations: U.S Locations: Vovchansk, Ukraine’s, Roman, Kharkiv, Russia, Russian
Related storiesDimon warned against dismissing inflation and elevated interest rates as temporary headwinds. "That's a different world for real estate. It's a different world for assets. It's a different world for private credit. In his shareholder letter this year, he called out market complacency toward the threats of inflation, interest rates, and recession.
Persons: , Jamie Dimon, largesse, I'm, Dimon, Warren Buffett, there's, It's Organizations: Service, AlphaSense, Business, JPMorgan, Wall Locations: Ukraine, Gaza, Russia, China, It's
Read previewCentral banks around the world have been snapping up gold, sending prices of the metal to record highs. The country's gold stash accounted for nearly three-quarters of its reserves as of March this year, according to WGC data. In 2022, Uzbekistan produced 110.8 tons of gold, making it the 10th top gold producer in the world, per WGC. Uzbekistan gold mining in March 2024. The country legalized private gold digging in 2019, and any gold found must be traded via its central bank.
Persons: , it's, VYACHESLAV OSELEDKO, Shavkat Mirziyoyev Organizations: Service, Business, World Gold, Central Bank of, Uzbek, AFP Locations: China, Saudi, Central Bank of Uzbekistan, Thailand, Kazakhstan, Uzbekistan, Kazakh
The lunar standstill is when the northernmost and southernmost moonrise and moonset are farthest apart. Stonehenge's station stones are thought by some to be aligned with the lunar standstill. Ruggles said that Stonehenge’s station stones, which form a rectangle around the circle, roughly align with the moon’s extreme positions during the lunar standstill. However, it’s much more difficult to say whether Stonehenge really has a connection to the lunar standstill. Amanda Bosh/Stephen LevineOther monuments with possible lunar linkStonehenge isn’t the only megalithic monument potentially linked to the lunar standstill.
Persons: Clive Ruggles, , Fabio Silva, ” Ruggles, Ruggles, Andre Pattenden, Silva, ” Silva, Amanda Bosh, Stephen Levine, Erica Ellingson, Ellington, Bradley Schaefer Organizations: CNN, archaeoastronomy, University of Leicester, Bournemouth University, University of Oxford, English Heritage, University of Colorado, Sun, Louisiana State University Locations: Salisbury, England, Rock , Colorado, United States, University of Colorado Boulder, Colorado, Pueblo, Lewis, Scotland
The attack came on the tenth anniversary of a deadly knife rampage on Taipei’s metro that shocked an island with a reputation for being generally safe, and led to the eventual execution of the man who carried out the attack. Three passengers were injured in the incident on Tuesday in Taichung and were taken to hospital, city’s mayor Lu Shiow-yen told reporters. “As we were pinning him down, another man pried (the attacker’s) fingers and took away the knife,” a female witness told journalists at the scene. “I saw him (the attacker) holding a cooking knife and later saw a fruit knife on the floor,” he said. The incident also happened on the ten-year anniversary of a similar stabbing attack in the Taipei metro which killed four people and injured over twenty.
Persons: Lu Shiow, , , Organizations: CNN Locations: Taichung, Kaohsiung, Taipei
ET, the yield on the 10-year Treasury was down by less than one basis point to 4.4335%. The 2-year Treasury yield was last at 4.8371% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors considered the path ahead for inflation and interest rates following a series of remarks from Federal Reserve speakers. Investors assessed the state of the economy, especially regarding inflation, and how this may affect interest rates. On the data front, existing as well as new home sales figures and durable goods orders data are due this week.
Persons: Philip Jefferson, Michael Barr, Barr Organizations: Treasury, Federal Reserve, Investors, Fed
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