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☆ Chinese smartphone company Honor gets new investors as it gears up for IPO
▼ + stars: | 2024-10-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. Honor said earlier this year it planned to start changing its shareholder structure in the fourth quarter, after which it would start the IPO process "at a suitable time." Honor spun off from Chinese telecommunications giant Huawei in November 2020 after the parent company was hit by U.S. sanctions. The company on Wednesday released its new Magic7 series of phones that can use the AI features in China.

Persons: Xingyao, — CNBC's Arjun Kharpal Organizations: Huawei, China Telecom —, Cornerstone, Wednesday Locations: BEIJING, Shenzhen, China

☆ Democrats are beating Republicans in voter enthusiasm, even as swing-state polls show tight race
▼ + stars: | 2024-10-31 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Democrats have a big enthusiasm advantage over Republicans in the 2024 election, per Gallup. But polling in key swing states continues to show a tight race between Harris and Trump. AdvertisementWith just five days to go until Election Day, Democrats appear to have a significant advantage over Republicans when it comes to voter enthusiasm. Just before the 2012 election, Republicans boasted a 12-point enthusiasm advantage over Democrats, but Mitt Romney still lost to Obama. AdvertisementThough a better measure than voter enthusiasm, polling also has its pitfalls.

Persons: Harris, —, Barack Obama, Mitt Romney, Kamala Harris, Donald Trump, Trump Organizations: Gallup, Trump, Service, Democratic, GOP, Electoral College, Democrats, Obama, Washington Post, Electoral Locations: Michigan, Gaza, Pennsylvania, Wisconsin, Arizona, Nevada, North Carolina, Georgia, In Nevada

☆ Inside Realtors' Fight for Control of America's for-Sale Home Listings
▼ + stars: | 2024-10-31 | by ( James Rodriguez | ) www.businessinsider.com time to read: +17 min

Agents might be emboldened to share listings among private networks of in-the-know brokers rather than market them to everyone. And if the goal is a transparent market that prioritizes consumers, the clear-cooperation policy is a flawed tool. Redfin estimated that in the second quarter of 2019, about 1.7% of listings, or some 18,000 homes, were likely pocketed. In a hot market, it's easier for brokers to market a home off the databases and still get it sold. What has changed since the rule went into effect is brokerages' eagerness to control access to home listings.

Persons: Smart, —, they'll, Brian Boero, Goliath, Davids, MLSes, doesn't, weren't, Joe Schmo, Saul Klein, Howard Hanna's, Howard Hanna IV, Robert Reffkin, Mauricio Umansky, Redfin, Glenn Kelman, Kelman, haven't, Victor Lund, There's, Buckle Organizations: MLS, National Association of Realtors, NAR, Coldwell, Network, San Diego, Compass, Service, of Justice

☆ Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday
▼ + stars: | 2024-10-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Boeing and its machinists' union have agreed on a new negotiated offer to raise worker pay and potentially end a crippling strike that began almost seven weeks ago with a vote on the new proposal set for Monday. The union urged workers to approve the contract. Boeing said Thursday at the end of the contract, average machinist pay will average $119,309. "We encourage all of our employees to learn more about the improved offer and vote on Monday, Nov. 4," Boeing said in a statement. The Boeing strike is expected to dent Friday's U.S. jobs report.

Persons: Kelly Ortberg Organizations: International Association of Machinists, Aerospace Workers, Boeing, Workers, Microsoft, — Locations: Renton , Washington , U.S, Seattle

☆ China has a lot at stake in the US election. So why aren’t they rooting for a winner?
▼ + stars: | 2024-10-31 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

“(It) doesn’t matter who it is (that wins),” one social media user wrote in a popular comment on China’s X-like platform Weibo. “There’s no perfect system, but at least they allow people to question them,” one social media user said on Weibo. Both Harris and Trump have been hot topics on Chinese social media platforms. Harris appeared to be relatively unknown to Chinese social media users prior to becoming the Democratic candidate after Biden’s July withdrawal from the race. But Trump is still seen in Beijing’s policy circles as likely to drive a more fractious relationship with China than Harris would.

Persons: Li Shuo, Kamala Harris, Donald Trump, Trump’s, Joe Biden, Xi Jinping, Brendan Smialowski, hashtag, ”, China’s, “, Harris, Trump, Chuan, “ Trump, can’t, Wu Xinbo, ” Wu, Shi Yinhong, Biden, Vladimir Putin, Wu, Gan Organizations: Hong Kong CNN, CNN, Huawei, Biden, Economic Cooperation, Getty, China Daily, Xinhua, Weibo, American, Communist Party, Democratic, Washington, Center for American Studies, Shanghai’s Fudan University, Renmin University Locations: China, Hong Kong, Beijing, Taiwan, Asia, California, AFP, Weibo, Liberty, United States, US, Europe, Ukraine –, Russia, Shanghai

☆ North Korean troops will become 'cannon fodder' if they join Russia's war against Ukraine, South Korea says
▼ + stars: | 2024-10-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

South Korea's UN ambassador says North Korean soldiers will become "cannon fodder" in Ukraine. AdvertisementNorth Korean troops headed to fight in Ukraine will "end up as mere cannon fodder," Joonkook Hwang, the South Korean ambassador to the UN, said on Wednesday. 'Cannon fodder'The news of North Korea's troops joining Russian troops comes as Russia has struggled to find the manpower for its military. Hwang's prediction of the fate that awaits North Korean troops echoes comments Ukraine and the US have made over the course of the war. AdvertisementIn June, the Pentagon said North Korean soldiers will become "cannon fodder" if they are sent to aid the Russian war effort.

Persons: —, Joonkook Hwang, Hwang, Kim Jong, Cannon, Vladimir Putin, Kim Jong Un Organizations: North, Service, South, UN, UN Security, Ukraine, Russian, Pentagon, Business Locations: UN, Ukraine, North Korea, South Korean, New York, Russia, South Korea, North, Iran, DPRK, Europe

☆ Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
▼ + stars: | 2024-10-31 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services, primarily oversees the automotive company's subscription services, such as BlueCruise, Pro Intelligence, connectivity and security. Stern is slated to step down from his role at Ford and take the helm of Peloton on Jan. 1. Stern is the third CEO to lead Peloton in its history. "Peter is a seasoned strategist with a track record of driving sustainable growth through innovation, and we have every confidence in his ability to lead Peloton during this important time.

Persons: Peter Stern, Stern, Karen Boone, Chris Bruzzo, Boone, Bruzzo, Peter, Jay Hoag, Barry McCarthy, McCarthy, John Foley Organizations: Ford, Apple, Ford Integrated Services, Pro Intelligence, Interim, Spotify, Netflix

☆ Big Tech's vanishing perks have left employees to face a stark new reality
▼ + stars: | 2024-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Big Tech is pulling back on the freebies for its employees . The perks help recruit and retain talent and keep employees working at the office. Some Amazon employees aren't buying it. It's not all bad news for Amazon employees, though. Some Amazon employees support Jeff Bezos' controversial WaPo decision.

Persons: —, David Arky, Tyler Le, Insider's Lara O'Reilly, Rob Price, Hugh Langley, Sydney Bradley, It's, Matt Garman, Frederic J . BROWN, BI's Jyoti Mann, Ashley Stewart, Garman, Stave Huffman, Spencer Platt, Natalie Ammari, Tesla, Meta, Jenny Chang, Rodriguez, Harris, Trump, you'll, Jeff Bezos, Bezos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Microsoft, SEC, Big Tech, Meta, Citibank, Tech, Services, Getty, Amazon Web Services, Amazon, BI, Google, Semiconductor, Intel, Washington Post, Apple Locations: OpenAI, AFP, New York, London

☆ Greatest player ever? After Shohei Ohtani’s first World Series title, there’s a ‘legitimate argument’
▼ + stars: | 2024-10-31 | by ( Rustin Dodd | ) www.nytimes.com time to read: +8 min

(I’m) extremely honored to be a part of this.”On the field, Ohtani’s first World Series had not gone quite to plan. “I think there’s a legitimate argument that he’s the greatest player to ever play the game,” Friedman said. The case is also historical: The World Series has been played for more than a century. And somewhere was Freddie Freeman, the World Series MVP and two-time champ. “Not just technically, but also my professionalism.”He was, at last, a World Series champion.

Persons: Shohei Ohtani, Takashi Harada, Hiroshi Sasaki, Sasaki, Harada, Ohtani, ”, ” Ohtani, Hanamake, Tommy John, Kendrick Lamar, Andrew Friedman, Mark Walter, Walter, Friedman, “, ” Friedman, ’, Kiyoshi Mio, Dave Roberts, Walker Buehler, Albert Pujols, Alex Rodriguez, Stan Musial, Yogi Berra, Mickey Mantle, Mike Schmidt, Roy Campanella, Jimmie Foxx, ” Roberts, Stan Kasten, “ We’re Jackie, Sandy, We’re Fernando, Mookie Betts, Freddie Freeman, Yoshinobu Yamamoto, Betts, Freeman, Roberts, “ I’ve, that’s, Mike Lawrence Organizations: Hanamake, High School, Nippon Professional Baseball, Los Angeles Angels, Dodgers, Los Angeles Dodgers, New York Yankees, Yankee, ” Dodgers, Major, Baseball, of Famers, Dodger Locations: Japan, Hanamake Higashi, Iwate Prefecture, Los Angeles, New York, Hanamake

☆ Stocks making the biggest moves midday: Peloton, Super Micro Computer, Robinhood, Estee Lauder and more
▼ + stars: | 2024-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Carvana — The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Etsy — Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. Coinbase — The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Teleflex — Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet's estimated $768.7 million.

Persons: Peter Stern, Carvana, Etsy —, FactSet, Coinbase, LSEG, Uber, Ernst, Young, Teleflex, Robinhood, Estee Lauder, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Samantha Subin Organizations: —, Ford, Norwegian Cruise Line Holdings, Microsoft, eBay —, eBay, MGM Resorts, MGM Locations: Norwegian, FactSet, China

☆ America’s oldest tombstone has new origin story, according to study
▼ + stars: | 2024-10-31 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

Historical evidence then pointed the study authors to a Belgian tombstone export business thriving at the time, where they theorize the tombstone began its journey. Burial within a church was typically saved for high-status individuals and clergy, and Yeardley was one of two knights to die while the Jamestown church was in use, according to Jamestown Rediscovery. Colonial period cemeteries have suffered neglect and vandalism, with the Knight’s Tombstone likely surviving for as long as it did because vegetation concealed it, she added. It seems to be pretty inherent there in nature, but most (colonists) didn’t have the resources to import a nice carved stone,” Key said. “There were a lot of people being buried in the church, but only one of them had a big old black (limestone) tombstone from Belgium.”

Persons: ”, Marcus Key, Joseph Priestley, Sir George Yeardley, England, Marcus, Mary Anna Hartley, Hartley, Yeardley, Weeks, —, ” Hartley, “, Queen Elizabeth II’s, King George VI, George’s, didn’t Organizations: CNN, Tombstone, International, Philosophy, Dickinson College, Key, Dickinson College Geosciences, General Assembly, First Peoples Locations: United States, Jamestown , Virginia, North America, Europe, Belgian, Carlisle , Pennsylvania, Belgium, London, Jamestown, Ireland, Virginia, England, Tombstone, America, British, St, Windsor

☆ Fifty years after ‘Texas Chainsaw Massacre,’ is the classic slasher film dead, or just waiting in the shadows?
▼ + stars: | 2024-10-31 | by ( Sydney Bishop | ) edition.cnn.com time to read: +13 min

When “The Texas Chainsaw Massacre” hit theaters in October 1974, audiences were horrified – and enthralled. Yet the elevated carnage of “The Texas Chainsaw Massacre” was a new world. Gunnar Hansen as Leatherface in "The Texas Chainsaw Massacre." Now that “Texas Chainsaw” is turning fifty, there are screenings in theaters all across the US, limited-time merchandise and cast and crew reunions. Here lies the classic slasher film … or so it seemsMichael Myers (played by Tony Moran) waits to strike in "Halloween."

Persons: Tobe Hooper, Kim Henkel, “, –, ” Henkel, ”, Marion Crane, baddie, Leatherface ”, – you’ll, Hooper, Henkel, ” “, Gunnar Hansen, Leatherface, Everett, Roger Ebert, Joshua Dysart, Dysart, ” Dysart, Kirk, Heather Langenkamp, Wes Craven, Craven, Lagenkamp, slashers, ’, Jourdain Searles, Searles, ” Searles, “ It’s, Casey, Drew Barrymore, Ghostface, Carmen Electra, Michael Myers, Tony Moran, Shutterstock Dysart, there’s, Alex Svensson, Svensson, Jamie Lee Curtis, Ryan Green, “ Svensson, Wes Craven’s, Casey Becker, Jason Vorhees Organizations: CNN, The, Texas, Cannes Film, “, Hollywood, ITV, Emerson College, ” Locations: Texas, The Texas, Austin, Los Angeles, Corpus Christi, Nancy

☆ Mark Zuckerberg flexes that Meta's cluster of Nvidia H100 chips is bigger than the competition
▼ + stars: | 2024-10-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg says Meta's Llama 4 AI models are training on the biggest GPU cluster in the industry. During Meta's earnings call, he said the cluster is "bigger than 100,000 H100s." A lot of computing power is going into training Meta's forthcoming Llama 4 AI models — more than anything currently offered by the competition, according to Zuckerberg. Zuckerberg added in the earnings call Wednesday that Meta's Llama 4 models will have "new modalities, capabilities, stronger reasoning" and be "much faster." Meanwhile, Musk tweeted earlier this week that xAI will soon double its cluster size in the coming months to 200,000 H100 and H200 chips.

Persons: Mark Zuckerberg, Elon Musk, —, Mark Zuckerberg's, Zuckerberg, I've, Hopper, Aravind Srinivas, Srinivas, didn't, Musk, xAI Organizations: Service, Nvidia, Meta Locations: Meta

☆ Roblox lifts annual bookings forecast as in-game spending booms; shares jump
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +2 min

Roblox gift cards are seen at a store in Krakow, Poland on July 5, 2023. Videogame platform Roblox raised its forecast for full-year 2024 bookings on Thursday, as it continues to benefit from robust spending within its virtual worlds, sending its shares up over 17%. Roblox's free-to-play model has been attracting significant consumer spending on its platform despite a wider slowdown in gaming activity. The company reported third-quarter bookings, which represents the sale of virtual currency, of $1.13 billion, beating the average analysts' estimate of $1.02 billion, according to data compiled by LSEG. It raised its forecast for full-year 2024 bookings to between $4.34 billion and $4.37 billion from its earlier projection of between $4.18 billion and $4.23 billion.

Persons: Michael Guthrie, That's, Guthrie, Roblox Organizations: Reuters, Hindenburg Research, LSEG Locations: Krakow, Poland, DAUs

☆ Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says
▼ + stars: | 2024-10-31 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Threads, Meta 's rival to Elon Musk's X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. The latest numbers indicate Threads is up 175% from a year ago when it reached 100 million users. The app is also up from 200 million monthly actives since Meta's second-quarter report in July. The app is now signing up more than 1 million users per day, Zuckerberg also said on Wednesday. X remains ahead of Threads in terms of users, with research firm Sensor Tower estimating in March that the app had 550 million monthly users.

Persons: Mark Zuckerberg, Elon, Zuckerberg, Musk, Susan Li, We've, Bernstein, they're, Li, Davidson's Luria Organizations: Meta, Twitter, Facebook, Microsoft Locations: Menlo Park , California, U.S, X's U.S

☆ McDonald's current stock price is 'as good as it gets': Morningstar
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's current stock price is 'as good as it gets': MorningstarSean Dunlop of Morningstar shares his outlook for McDonald's.

Persons: Morningstar Sean Dunlop Organizations: Morningstar

☆ Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Commentary Cloud unit Amazon Web Services (AWS) revenue in the third quarter was essentially in line with the consensus forecast. Growth on a constant currency basis held steady from the second quarter at 19%, breaking a three-quarter streak of accelerating revenue growth. Quarterly results As for the rest of the company, Amazon delivered revenue beats across Online Stores (7% revenue growth), Subscription Services (11% revenue growth), and Advertising Services (19% revenue growth). Smaller businesses like Physical Stores (5% revenue growth) and Other (7% revenue growth) were better than expected too.

Persons: Andy Jassy, Jassy, it's, Kuiper, That's, Jim Cramer's, Jim Cramer, Jim, Nathan Stirk Organizations: Amazon, LSEG, Management, Walmart, Target, Microsoft, North America, International, Web Services, AWS, Subscription Services, Advertising Services, Seller Services, CNBC, Getty Locations: North, North America, United Kingdom, Germany, Sutton Coldfield, England

☆ What we learned from the 2024 World Series
▼ + stars: | 2024-10-31 | by ( Grant Brisbee | ) www.nytimes.com time to read: +9 min

You’re the winner, friend, because you’ve learned something about baseball during the World Series. The Los Angeles Dodgers defeated the New York Yankees in the 2024 World Series, four games to one. They might have played the sloppiest inning in World Series history, if not the sloppiest game in World Series history. It was certainly the sloppiest game from a World Series team facing elimination, and I’m not fact-checking that. The World Series was promoted like “Godzilla vs. Kong,” except one of the monsters got hurt before he could do anything.

Persons: you’ve, we’ve, Tom Emanski, • Aaron Judge, he’s, Aaron Judge Game, flub, • Anthony Volpe, Jazz Chisholm, isn’t, Chisholm, Heck, it’s, • Gerrit Cole, Mookie Betts, Anthony Rizzo didn’t, Cole, Cole didn’t, Elsa, Getty, Ohtani, Austin Wells, Kong ”, Don’t, That’s, It’s, Freddie Freeman, Rizzo, Will Smith, Max Muncy didn’t, Barry Zito, John Smoltz, Tommy Edman, Ben Zobrist, Marco Scutaro, Freeman, Teoscar Hernández, Alex Vesia, don’t, Tyler Glasnow, wasn’t, Yoshinobu Yamamoto, Walker Buehler, Gerrit Cole, Cole’s, Tommy Kahnle, Wells, Alex Slitz Organizations: Los Angeles Dodgers, New York Yankees, Yankees, Jazz, Dodgers, The Dodgers, Dodger, OHTANI

☆ Key Fed inflation rate hits 2.1% in September, as expected
▼ + stars: | 2024-10-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Inflation increased slightly in September and moved closer to the Federal Reserve's target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. Fed officials target inflation at a 2% annual rate, a level it has not achieved since February 2021. The annual rate was 0.1 percentage point higher than forecast but the same as in August. In September, the Fed slashed the rate by a half percentage point, a move virtually unprecedented during an economic expansion.

Persons: Dow Jones Organizations: Commerce Department, Fed, Energy, Labor Department, of Labor Statistics

☆ I'm an American who's lived in South Korea for 10 years. Here are 9 things I don't miss about the US.
▼ + stars: | 2024-10-31 | by ( Krissi Driver | ) www.businessinsider.com time to read: +9 min

I moved from the US to South Korea in 2013, and there are some things I don't miss about America. Here are nine things I don't miss about living in the US. There's a large US military presence in South Korea, and many Americans have brought their tipping habits with them overseas. For example, in South Korea, I've seen candidates ride around in the bed of a truck blasting their campaign theme song. When I travel outside South Korea, I'm often stunned by the slow internet speeds and spotty public WiFi.

Persons: —, I'm, I've, it's, I'd Organizations: Service, Korea, Korea's Locations: South Korea, Portland , Oregon, Daegu, North Korea, There's, Denver, Portland, Seoul, Busan, Korea

☆ 7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain
▼ + stars: | 2024-10-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Niccol wants to change that. Cutting back an 'overly complex' menuSpain, Barcelona, Plaza de Francesc Macia, Starbucks, coffee shop customer ordering. While the changes may disappoint some customers, Niccol said he thinks that they'll appreciate faster, more consistent service in the long run. Bringing back the condiment barsStarbucks brown sugar sachets are seen in Starbucks Coffee in Krakow, Poland on November 4, 2022. Better staffing in cafesMerida, Mexico, Zona Paseo Montejo Centro, Starbucks Coffee shop, baristas and cashier at work smiling.

Persons: Brian Niccols, Brian Niccol, Rachel Ruggeri, Niccol, Lindsey Nicholson, Macia, Jeff Greenberg, Etienne Laurent, we've, Beata Zawrzel, baristas, Taco Bell, Chipotle, Tressie Lieberman, Almond Organizations: Starbucks, CNBC, Mobile, UCG, Getty, Plaza, Universal, AFP, Nurphoto, Zona Paseo, Centro, Starbucks Rewards, Procter & Gamble, Yum Brands Locations: U.S, Queens , New York, Spain, Barcelona, Manhattan Beach , California, Starbucks Coffee, Krakow, Poland, Merida, Mexico

☆ Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time
▼ + stars: | 2024-10-31 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +2 min

Yves Herman | ReutersChinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three months ended Sept. 30 of 201.12 billion yuan ($28.24 billion), up 24% from a year ago. That exceeded Tesla's revenue of $25.18 billion reported for the same period. At least half of BYD's sales are hybrid vehicles, whereas Tesla's vehicles are battery only. Likewise, Tesla remains on top in year-to-date sales, slightly edging out BYD's roughly $70.53 billion total revenue at $71.98 billion.

Persons: Yves Herman, BYD, Tesla, Elon Musk's Tesla Organizations: Reuters, behemoth, Elon, BYD's Seagull, EU, SAIC Motors Locations: China, Zeebrugge, Belgium, Beijing, Europe, Berlin, Hungary, Turkey

☆ Yen under pressure as BOJ keeps rates steady
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The BOJ kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. Analysts are divided over the prospect of additional interest rate hikes by year-end, putting the focus on BOJ Governor Kazuo Ueda's post-meeting briefing for clues on the pace and timing of further increases. "Any strengthening of the yen at present would likely result from a general weakening of the U.S. dollar if interest rates begin to align," said Sean Teo, a sales trader at Saxo.

Persons: Yen, Kazuo Ueda's, Sean Teo, payrolls, Donald Trump, Kamala Harris, Sterling Organizations: Bank of Japan, U.S ., U.S, Treasury, Saxo, National Statistics, PMI, Westpac, European Central Bank, Australian, Analysts, New Zealand Locations: China, U.S

☆ At 18, she dreamed about moving to Japan. When she turned 50, she quit her job and bought an abandoned home near Osaka.
▼ + stars: | 2024-10-31 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Chani Japan. Chani Japan. Chani Japan. Chani Japan. Chani Japan.

Persons: Chani, —, you've, I've, she'd, hadn't, Lawrence Covian, Eric McAskill Organizations: Service, Chani, Japan, YouTube, US Army, BI Locations: Australia, Japan, Brisbane, Chani Japan, Shikoku, Wakayama, Osaka, Europe, I'm, akiya, Iwakuni

☆ ‘This is what it means to be from Gaza’: Poet captures people’s stories of life, love and loss
▼ + stars: | 2024-10-31 | by ( Elizabeth Wells | Francisca Marques | ) edition.cnn.com time to read: +6 min

CNN —Mosab Abu Toha’s voice is smooth and melodic when he recites his poetry from his new home in New York. Despite surviving physically, Abu Toha describes how the spirit to truly live has been shattered. Abu Toha fled Gaza with his young family late last year, after relocating several times within the enclave. Now, he’s releasing his second poetry book, “Forest of Noise,” written in English. But for Abu Toha, the relevance of his most recent work lies not in his own story.

Persons: Mosab Abu, ”, Abu Toha, he’s, it’s, Becky Anderson, Mosab Abu Toha's, “ It’s, ” Abu Toha’s, “, Abu Toha’s, ” Abu Toha, ‘, Mosab Abu Toha, Sama, Mosab Abu Toha Abu Toha Organizations: CNN, Hamas, Syracuse University Locations: New York, Palestinian, Gaza, United States, “, Beit Lahiya, Israel

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