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☆ Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks
▼ + stars: | 2024-01-10 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products. British clothing retailer Next recently warned of stock delays as a result of the longer ocean transit. "This creates strong motivations for ocean carrier(s) to increase rate(s) by establishing General Rate Increases (GRIs), Peak Season Surcharge (PSSs), and other contingency or emergency surcharges," the company said. "HLS warned Transpacific freight rates could spike to highs not seen since early 2022, with the Suez Canal route suspended, and the Panama Canal route restricted." Kuehne + Nagel analysts told CNBC that 419 vessels are currently being rerouted due to the Red Sea situation.

Persons: Jon Gold, HLS, Good Hope, Kuehne, Nagel, Franziska Bietke, Mark Rhodes, Rhodes Organizations: Lane Shipping, Ikea, National Retail Federation, CNBC, MSC, U.S ., East, U.S . Shipping Act, Federal Maritime Commission, Kuehne, Logistics, Crane Worldwide Logistics, CNBC PRO Locations: Suez, Ismailia, Egypt, Iran, Red, Africa, Asia, British, West Coast, Panama, U.S . West Coast, East Coast, Gulf of Mexico, South Africa's, Good, Project44, Europe

☆ Why data is the new aluminum
▼ + stars: | 2024-01-08 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

Yet, it is frequently overlooked by data analysts and other data scientists because it's not readily available in an easy-to-use format. Historically, this kind of data hasn't been included in analytic data sets or data catalogs. Even those firms that sell data mesh and data fabric platforms that claim to make "all" of an organization's data visible and accessible inevitably exclude unstructured data. While most organizations will say that they're already capturing this kind of data — and even storing it in a data mart, data warehouse, data lake, etc. So, for those forward-thinking leaders aware of the value locked inside their unstructured data, the solution is to find someone in the organization with "data" in their title.

Persons: Joseph Bartolotta, There's, it's, hasn't, they're, aren't, else's Organizations: Liberty, Insider Studios

☆ A woman's Gen Alpha sister informed her that 'pop off,' 'BFF,' 'bae,' and other Gen Z and millennial slang are no longer cool, and older viewers say it hurts
▼ + stars: | 2024-01-08 | by ( Kieran Press-Reynolds | ) www.businessinsider.com time to read: +3 min

Last Wednesday, a Gen Alpha girl named Brooklyn made her older sister Liv Kaplan feel out of touch when she informed her that a slew of Gen Z and millennial slang, from "bae" to "pop off" to "slay," is no longer cool. Perhaps most surprisingly, to call someone a best friend, Brooklyn said Gen Alpha doesn't use "bff" as much as "bsf." (Though some commenters disputed this detail and accused Gen Alpha of "gentrifying" the word GYAT by turning it from a way to say "god damn" into an acronym.) @livkaplan Replying to @Noah Schnapp ASKING MY GEN ALPHA LITTLE SISTER WHAT SLANG IS IN PART 2 💋✨ @BROOKLYN ♬ original sound - Liv KaplanIn a follow-up video, Brooklyn provided more Gen Alpha-friendly phrases. She also said Gen Alpha uses words like "cap," a way to say you think someone is lying, and "ate," meaning metaphorically to devour a look or moment (e.g., "you ate that outfit").

Persons: —, Alpha, Liv Kaplan, Z, Brooklyn, Gen Alpha, @livkaplan, @Noah, n., ike Organizations: Service, Generation Alpha, Brooklyn, Business, Alpha, bsf, bae, GEN ALPHA Locations: yass, —

☆ More than 40 charged after clashes between Polish and British fans at Villa Park
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

The unrest occurred ahead of kickoff in a game between Aston Villa and Legia Warsaw. On Friday, Aston Villa said they had lodged a complaint with UEFA over the conduct of Legia Warsaw and the behaviour of the club's supporters. Legia Warsaw initially claimed that Villa had given them a lower allocation of tickets than they were entitled to under UEFA regulations. "Due to the inability to authenticate and distribute tickets effectively, Legia Warsaw returned the tickets to the host club," Legia Warsaw said in a statement on Saturday. Therefore, we strongly object to Legia Warsaw being blamed for Thursday's incidents in Birmingham."

Persons: Aston Villa, Villa, Farouq Suleiman, Aadi Nair, Toby Chopra, Pritha Organizations: British, Europa Conference League, Midland's Police, Aston Villa, Legia Warsaw, Villa, Police, UEFA, Polish, Thomson Locations: Poland, Birmingham

☆ Tesla is selling a $55 Cybertruck decal inspired by Elon Musk's famous window smashing mishap
▼ + stars: | 2023-12-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla is selling a $55 Cybertruck decal inspired by Elon Musk's infamous window smashing incident. "OMFG decal" references moment a Tesla engineer smashed the Cybertruck's windows with a steel ball. AdvertisementTesla is selling a Cybertruck decal inspired by the windows that famously smashed during a demonstration at the futuristic pickup's unveiling. Elon Musk was left red-faced after the Cybertruck's windows failed in a demonstration. That means it still remains unclear whether the Cybertruck's windows are actually as unbreakable as Musk initially suggested.

Persons: Tesla, Elon Musk's, —, Franz von Holzhausen, Elon Musk, Frederic J . Brown, Holzhausen, Austin — Organizations: Service, Elon Locations: Austin

☆ Trading in Nvidia ETFs shows traders preparing for upbeat earnings
▼ + stars: | 2023-11-21 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +4 min

In August, Nvidia stock soared to all-time highs after the company reported quarterly results. Tuesday's trading in the T-Rex NVDX reflects underlying optimism that Nvidia will deliver another blockbuster earnings report after the market close. Although its price has fallen, reflecting the decline in Nvidia's shares, trading volume has soared to 86 million shares, compared with an average of 26 million. On Wednesday morning, traders will be trading the ETFs based not on the immediate response to the earnings but on Wednesday's activity. "We've seen a 400% jump in average daily trading volume on the day ahead of and following Nvidia's earnings releases," he added.

Persons: Dado Ruvic, it's, Scott Acheychek, Rex NVDX, Direxion, Ed Egilinsky, NVDU, Egilinsky, Greg Bassuk, Suzanne McGee, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Rex, NVIDIA Daily Target ETF, AXS Investments, Thomson Locations: New York, Providence , Rhode

☆ UK PM Sunak reportedly said 'just let people die', COVID inquiry hears
▼ + stars: | 2023-11-20 | by ( Andrew Macaskill | ) www.reuters.com time to read: +2 min

[1/4] Britain's Chancellor of the Exchequer Rishi Sunak visits the pathology labs at Leeds General Infirmary, to show how yesterday's budget is supporting those affected by coronavirus (COVID-19), in Leeds, Britain March 12, 2020. Danny Lawson/Pool via REUTERS/File photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Prime Minister Rishi Sunak was quoted as saying the government should "just let people die" during the COVID-19 pandemic rather than impose a second national lockdown, the inquiry into how Britain handled the crisis heard on Monday. Patrick Vallance, who was the government's chief scientific adviser during COVID, made a note in his diary on Oct. 25, 2020, about a meeting involving then Prime Minister Boris Johnson and Sunak, who was finance minister. Vallance quoted Cummings in his diary as saying: "Rishi thinks just let people die and that's okay. A spokesman for Sunak said the prime minister would set out his position when he gives evidence to the inquiry "rather than respond to each one in piecemeal".

Persons: Rishi Sunak, Danny Lawson, Patrick Vallance, Boris Johnson, Sunak, Dominic Cummings, Johnson's, Vallance, Cummings, Rishi, Johnson, Andrew MacAskill, Elizabeth Piper, Christina Fincher Organizations: Britain's, Leeds General Infirmary, Thomson Locations: Leeds, Britain

☆ CHART OF THE DAY: Recession fears appear to be cooling among US companies
▼ + stars: | 2023-11-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Mentions of inflation were down to 55% of companies in the third quarter, down from a peak of 83% in 2022. Taken together, the "recession" and "inflation" mentions points to moderating, but still persistent unease among companies. "Stocks have shrugged off recession fears, but they remain elevated at many companies. But they also note that the still-elevated mentions of inflation and recession don't necessarily bode poorly for stock performance. Big Wall Street firms are mixed in their outlook for the economy next year.

Persons: —, disinflation, DataTrek, DataTrek cofounders Nicholas Colas, Jessica Rabe, Colas, Rabe, bode, Goldman Sachs Organizations: Service, Research, Wall Street, Wall, Bloomberg, JPMorgan Locations: America

☆ OpenAI exec addresses CEO Sam Altman's firing in note to employees — Read the full memo
▼ + stars: | 2023-11-18 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI chief operating officer Brad Lightcap addressed the firing of CEO Sam Altman in a brief message to employees on Saturday. Lightcap wrote in the memo, obtained by CNBC, that everyone was taken by surprise and that he's had many conversations with the board to try to understand their decision. "We can say definitively that the board's decision was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices," he wrote. He wrote the discussions and options regarding the path forward are ongoing and the company remains strong. Our position as a company remains extremely strong, and Microsoft remains fully committed to our partnership.

Persons: Brad Lightcap, Sam Altman, Lightcap, he's, Altman, Sam, Mira Organizations: CNBC, Microsoft

☆ We feel good about this cybersecurity leader after its post-earnings rebound
▼ + stars: | 2023-11-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, yesterday's, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Microsoft, Palo Alto Networks, Jim Cramer's Charitable

☆ Google CEO Sundar Pichai compares AI to climate change at APEC CEO Summit
▼ + stars: | 2023-11-16 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Google CEO Sundar Pichai said artificial intelligence is like climate change in that it will proliferate worldwide, and that people across the globe share a responsibility to create guardrails. At the Asia-Pacific Economic Cooperation (APEC) CEO summit in San Francisco on Thursday, Pichai was asked by Bloomberg's Emily Chang how to get to a global consensus on "smart AI regulation." I think that's true for AI." Pichai said countries have a shared responsibility to build global frameworks — something he's warned about in recent months.

Persons: Sundar Pichai, Pichai, Emily Chang, Joe Biden, Xi Jinping Organizations: Americas, U.S . Chamber, Commerce, Google, Economic Cooperation Locations: Los Angeles , California, Asia, San Francisco, Japan

☆ China-linked ETFs draw bullish options bets ahead of Biden-Xi meet
▼ + stars: | 2023-11-15 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Other large China-focused ETFs, including the iShares MSCI China ETF (MCHI.O), KraneShares CSI China Internet ETF (KWEB.P), also showed upbeat options activity, according to Trade Alert data. "It certainly seems that there is generally bullish positioning ahead of the meeting," said Steve Sosnick, chief strategist at Interactive Brokers, noting that the positions had been built up over several days. Reuters GraphicsInvestors' nascent enthusiasm for Chinese stocks is at odds with how these ETF's have performed this year. Daniel Kirsch, head of options at Piper Sandler, said recent bullish options flows into KWEB may be to do with a combination of enthusiasm ahead of the Biden-Xi meeting as well as results from Chinese e-commerce companies JD.com and Alibaba .

Persons: Brendan McDermid, Joe Biden's, Xi Jinping, Steve Sosnick, Biden, Xi, Sosnick, Daniel Kirsch, Piper Sandler, JD.com, Kirsch, Saqib Iqbal Ahmed, Suzanne McGee, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, iShares, KraneShares CSI China Internet, Interactive, Federal, Economic Cooperation, Reuters Graphics Investors, Research, Biden, Thomson Locations: New York City, U.S, China, KraneShares, San Francisco, Asia

☆ Keep an eye out for the need for further bond issuance, says UBS' Art Cashin
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeep an eye out for the need for further bond issuance, says UBS' Art CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss Cashin's thoughts on yesterday's bond auction, important support levels to monitor, and much more.

Persons: Cashin Organizations: UBS, Art

☆ Australia to investigate Optus internet and phone outage
▼ + stars: | 2023-11-08 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, Nov 9 (Reuters) - Australia said on Thursday it would launch an investigation into a 12-hour national outage at telco Optus that cut off internet and phone connections to nearly half of its population, hitting critical services including payments, transport and hospitals. The federal government would undertake a post-incident review into the outage, Communications Minister Michelle Rowland said, describing its impacts as "particularly concerning." Australia's media regulator will conduct a separate review into the outage after emergency triple zero ("000") calls went down on Optus landlines, Rowland added. Optus, owned by Singapore Telecommunications (STEL.SI), has not given the cause for the unprecedented outage, one of the biggest the country has witnessed. The outage happened 14 months after Optus was hit by one of Australia's biggest cyber breaches.

Persons: telco, Michelle Rowland, Rowland, Renju Jose, Jamie Freed Organizations: SYDNEY, Optus, Optus landlines, Singapore Telecommunications, Telstra, Australian Broadcasting Corp, Thomson Locations: Australia, Sydney

☆ We cannot have a Fed that is reacting to yesterday's data all the time, says Mohamed El-Erian
▼ + stars: | 2023-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe cannot have a Fed that is reacting to yesterday's data all the time, says Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss the Fed's inflation fight, why he believes the four most important central banks effectively called a 'time out' on policy action over the last two weeks and should use the strategy wisely, economic outlook, and more.

Persons: Mohamed El, Erian Mohamed El Organizations: Erian, Allianz, Queens ' College , Cambridge

☆ Lock in bond yields where they are now, says JPMorgan's Gabriela Santos
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLock in bond yields where they are now, says JPMorgan's Gabriela SantosGabriela Santos, JPMorgan Asset Management global market strategist, joins 'Closing Bell' to discuss yesterday's Fed meeting and what it means for the markets.

Persons: JPMorgan's Gabriela Santos Gabriela Santos Organizations: JPMorgan Asset Management, yesterday's

☆ Kremlin: Dagestan airport violence result of 'outside influence'
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

People walk as Pro-Palestinian protesters storm an airport building, in Makhachkala, Russia, October 29, 2023, in this screengrab taken from a video obtained by Reuters. Video Obtained by Reuters/via REUTERS Acquire Licensing RightsMOSCOW, Oct 30 (Reuters) - The Kremlin said on Monday that the storming of an airport in the capital of the southern Russian region of Dagestan by an anti-Israeli mob on Sunday was the result of "outside influence". In a call with reporters, Kremlin spokesman Dmitry Peskov said: "It is well known and obvious that yesterday's events around Makhachkala airport are largely the result of outside interference, including information influence." He did not specify who the Kremlin believed had engineered the violence, or why. Russia's interior ministry said on Monday that 60 people had been arrested after hundreds of anti-Israel protesters stormed the airport in Makhachkala on Sunday, shortly after a plane from Israel arrived.

Persons: Dmitry Peskov, Peskov, Felix Light, Kevin Liffey Organizations: Reuters, REUTERS Acquire, Rights, Kremlin, Thomson Locations: Makhachkala, Russia, Russian, Dagestan, Gaza, Israel

☆ Israel says its forces freed soldier held captive in Gaza
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

[1/3] Israeli soldier Ori Megidish is seen in this handout picture obtained by Reuters on October 30, 2023, after Israeli army said she was freed from Hamas during a military's ground operation. Israel Security Agency/Handout via REUTERS Acquire Licensing RightsJERUSALEM, Oct 30 (Reuters) - Israel said on Monday that its forces freed a soldier from Hamas captivity during the ground offensive in the Gaza Strip. The soldier, identified as Ori Megidish, was kidnapped by Hamas gunmen who rampaged through southern Israeli communities on Oct. 7. Israel says that over 200 hostages are being held by Hamas, and Prime Minister Benjamin Netanyahu said that the ground campaign in Gaza creates the possibility for their rescue. Reporting by Ari Rabinovitch; Editing by James Mackenzie, Tomasz Janowski and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ori Megidish, Israel, Benjamin Netanyahu, yesterday's, we're, Ari Rabinovitch, James Mackenzie, Tomasz Janowski, Jonathan Oatis Organizations: Reuters, Israel Security Agency, Handout, REUTERS Acquire, Rights, Hamas, Thomson Locations: Gaza

Rising interest rates have slammed the breaks on America's housing market, with home sales down 15.4% year-over-year in September, according to the National Association of Realtors. By controlling the financing, they can offer yesterday's mortgage rates, saving customers tens of thousands of dollars and moving inventory in the process. Tawn Kelley, president of financial services at homebuilder Taylor Morrison, told Insider that financing is an essential part of the home-selling puzzle. Then, there are forward commitments, another way to prepay interest rates that allows a homebuilder to pay down more of it. There are also float downs, which allow purchasers who lock in a mortgage price to reduce their interest rates if mortgage rates get smaller over the course of their mortgage lock.

Persons: Tawn Kelley, homebuilder Taylor Morrison, Kelley, Taylor Morrison, Devyn Bachman, John Burns, Taylor Morrison's, it's, they've, homebuyers, Kurt Carlton Organizations: National Association of Realtors, Census, Finance Locations: homebuying, homebuilding

Learn moreLooking for the latest on how to watch the USA F1 live stream for free? Where to Watch a free USA F1 live streamThis weekend's simplest option for a free F1 live stream is using a VPN to tune into one of the free European streams mentioned above. How to watch the USA F1 live stream with a VPNSign up for a VPN if you don't have one. Turn it on and set it to a country with a free live stream. How to watch an F1 live stream in the USESPN carries coverage of Formula 1 racing throughout the season, and there's plenty of it left to enjoy.

Persons: we've, Max Verstappen, Perez, Alonso, Verstappen, We've, ExpressVPN Organizations: BBC, USA, RTL, AEST, US ESPN, ESPN Locations: Qatar, Hamilton, USA, Austria, Belgium, Luxembourg, TV's

☆ Morning Bid: Bonds haunted by uncertainties old and new
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Tom WestbrookIt's looking like the worst week of another bad year for bonds. Curiously, the dollar hasn't moved higher with the latest leap in yields, perhaps because currency traders see recession in the offing. Fed Chair Jerome Powell said little that markets didn't already know on Thursday, but in keeping his options open he kept the pressure on bonds. "A range of uncertainties, both old and new, complicate our task of balancing the risk of tightening monetary policy too much against the risk of tightening too little," he said.

Persons: Brendan McDermid, Tom Westbrook It's, Brent Donnelly, Jerome Powell, Joe Biden, Israel, Fed's Mester, Harker, Tom Westbrook, Edmund Klamann Organizations: New York Stock Exchange, REUTERS, Spectra Markets, MSCI's, Bank of Japan, North America ., Thomson Locations: New York City, U.S, New York, MSCI's Asia, Japan, Gaza, China, London, North America

☆ Choice Hotels eyes U.S. budget hotel giant with $7.8 bln Wyndham buy
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] Geoffrey Ballotti, CEO of Wyndham Hotels & Resorts, Inc. rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 17 (Reuters) - Choice Hotels (CHH.N) on Tuesday proposed to acquire Wyndham Hotels and Resorts (WH.N) for about $7.8 billion in a cash and stock deal that would create a U.S. budget hotel giant. Demand for affordable hotels such as Choice and Wyndham are on the rise as persistent high inflation and recession sap consumer spending on travel. Choice offered Wyndham shareholders $90.00 per share, including $49.50 in cash and 0.324 shares of its common stock for each Wyndham share owned. As of yesterday's close, Choice had a total market capital of $6.29 billion, Wyndham's stood at $5.82 billion.

Persons: Geoffrey Ballotti, Brendan McDermid, Wyndham, Wyndham's, Priyamvada, Shinjini Organizations: Wyndham Hotels & Resorts, Inc, New York Stock Exchange, REUTERS, Wyndham Hotels, Resorts, Wyndham, Reuters, Thomson Locations: New York City, U.S, Bengaluru

☆ Dollar up after inflation data boost
▼ + stars: | 2023-10-13 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. Data on Wednesday had shown U.S. producer prices increased more than expected in September amid higher costs for energy products and food. The dollar index , which measures the U.S. currency against six of its major peers, ticked up 0.11% to 106.63. Sweden's crown , edged up against both the dollar and euro after consumer price data came in higher-than-forecast, adding to risks that the Riksbank could raise rates further. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected.

Persons: Jose Luis Gonzalez, Helen, Jonas Goltermann, Patrick Harker, Adam Cole, Saqib Iqbal Ahmed, Brigid Riley, Samuel Indyk, Miral Fahmy, Mark Potter, Alexander Smith, Jonathan Oatis Organizations: REUTERS, U.S, Federal, Reuters, PPI, Capital Economics, Fed, Federal Reserve Bank of Philadelphia, RBC, of Canada, Thomson Locations: Ciudad Juarez, Mexico, Israel, Gaza, Sweden's, China

SummaryCompanies Gold gains 5.2% so far this weekIsraeli military says troops make first ground raids into GazaPalladium set for weekly lossOct 13 (Reuters) - Gold prices jumped more than 3% on Friday and were poised for their best week in seven months as the intensifying conflict in the Middle East sent investors scurrying for safe-haven assets. Reuters GraphicsInvestors kept a tab on developments in the Middle East conflict, which has unnerved markets since the start of the week. "Investors are fleeing to safe havens as the risks of Middle East tensions grow," said Edward Moya, senior market analyst at OANDA. "If the geopolitical situation gets gloomier, there is a good chance that gold prices could go to the $2,000 levels this year. Platinum rose 1.4% to $880.42, while palladium dropped 0.3% to $1,141.24 and was set for a weekly decline.

Persons: Israel, Edward Moya, David Meger, Ashitha, Alexander Smith, Sherry Jacob, Phillips Organizations: Gaza, East, Reuters Graphics, High, Futures, Traders, Thomson Locations: Gaza, Israel, Bengaluru

☆ CNBC Daily Open: U.S. Treasurys shine as safe havens
▼ + stars: | 2023-10-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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. That's a staggering plunge of 78.7% year over year, dragged down by the firm's semiconductor business, which is expected to post a loss of more than 3 trillion won for the quarter. Alameda allegedly took FTX moneyCaroline Ellison, the former head of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, took the stand as the government's star witness Tuesday. But when it hits, the stock market will probably slump about 12%, the founder and chief investment officer of Tudor Investment told CNBC.

Persons: That's, Caroline Ellison, Sam Bankman, Ellison, Sam, Paul Tudor Jones Organizations: CNBC, Samsung Electronics, Samsung, International Monetary Fund, IMF, Alameda Research, Tudor Investment Locations: Finland, Estonia, U.S, Alameda

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