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Beijing CNN —A decade ago, Zhang Weili was handing out flyers to rushing commuters in front of her local subway station. Zhang, born in China’s northern Hebei province, is her country’s first and only champion in US-based promotion the Ultimate Fighting Championship (UFC). Our preparations and tactics were spot on,” Zhang told CNN from Black Tiger Fight Club in Beijing. The Black Tiger Fight Club MMA gym in Beijing is where China's first and only UFC champion, Zhang Weili, trains. The Black Tiger Fight Club training area in Beijing, China.
Persons: Beijing CNN —, Zhang Weili, she’s, Zhang, Brazil’s Amanda Lemos, Joe Rogan, ” Zhang, , Mengchen Zhang, Rose Namajunas, Namajunas, won’t, , CNN Bruce Lee, Bruce Lee, Cai Xuejun, , gesturing, didn’t Organizations: Beijing CNN, UFC, CNN, Black Tiger Fight Club, Fight Club, Fight, MMA Locations: Beijing, China’s, Hebei, , Lemos, China, Lithuanian, Jacksonville , Florida
REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 5 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Global currency volatility on Wednesday spiked to its highest since May, a day after U.S. Treasury market volatility also jumped to a five-month high. And although U.S. yields fell across the board, yield curve steepening continued as the 30-year yield pierced 5.00%. Japanese assets, meanwhile, will also be sensitive to possible Bank of Japan activity in the domestic government bond or currency markets on Thursday. An esoteric corner of Japanese markets - yen cross-currency basis - is at levels consistent with previous bouts of volatility.
Persons: Issei Kato, Jamie McGeever, Josie Kao Organizations: U.S, REUTERS, Treasury, of, Bank of Japan, FX, Japan's Nikkei, PMI, Thomson, Reuters Locations: Tokyo, Japan, South Korea, Philippines, Thailand, Taiwan, Singapore, U.S, of Japan, Bank, India, Australia
MILWAUKEE (AP) — Damian Lillard understands he has a reputation for being an elite offensive player but not a particularly strong defender. “I’m not going to come in here and be Jrue Holiday,” Lillard said Monday during the Bucks’ media day. “My personal opinion, I think he’s the best defender on the perimeter.”Political Cartoons View All 1196 ImagesBut Lillard believes he can help the Bucks continue to play solid defense. “The people that I play against will tell you, I ain’t a pushover, you know what I’m saying?” Lillard continued. “I'm not asking him to be anything except Damian Lillard," new Bucks coach Adrian Griffin said.
Persons: — Damian Lillard, Lillard, Giannis Antetokounmpo, “ I’m, ” Lillard, , , “ I’ve, I’ll, “ I'm, Damian Lillard, Adrian Griffin, He's, I’ve, he’s, Antetokounmpo, ” Antetokounmpo, He’s, I’m Organizations: MILWAUKEE, Milwaukee, Bucks, Portland Trail Blazers, Boston Celtics, , Miami, Blazers, Western Conference, AAU, Weber State Locations: Portland, Miami, Milwaukee
After a rocky third quarter, these stocks could be poised for a bounce back in the final stretch of 2023, according to Wall Street. Stocks struggled over the last three months as yields rose , 2023's popular technology trade hit a wall and the Federal Reserve indicated that rates may stay elevated for longer . Amid this backdrop, CNBC Pro screened for underperforming stocks that may be due for a comeback in the fourth quarter. MSFT 3M mountain Microsoft shares over the last three months Wall Street sees more upside ahead for both companies even after surging this year on enthusiasm surrounding the technology. A handful of cruise stocks that have struggled in recent weeks amid the jump in fuel prices also made the cut.
Persons: Stocks, Pultegroup, — CNBC's Michael Bloom Organizations: Federal Reserve, Nasdaq, CNBC Pro, Microsoft, AMD, Carnival, Cruise Line, Royal, Entertainment, Oracle, Netflix Locations: Royal Caribbean
If oil prices stay high — and especially, if they breach $100 a barrel — the companies are well positioned. However, should oil prices fall and debt levels continue to rise, some companies have boxed themselves into a corner with very generous dividends and share repurchase programs. At the same time, operating cash flow has been declining. "What we're looking at is companies trying to bridge a little gap while operating cash flow is going down," said Mark Young, senior analyst at Evaluate Energy. "Since the end of 2020, operating cash flow has been able to cover all capital spending, dividend payments and share buybacks by itself.
Persons: Mark Young, Young, Conoco Phillips, Noah Barrett, Warren, Barrett, We're, Matt Smith, Smith, Jason Mountford, Brent, Goldman Sachs, Mike Wirth, Mountford, unprofitably, there's, that's Organizations: Energy, CNBC, Civitas Resources, Chevron, Exxon Mobil, Janus, Federal, Warren Pies, 3Fourteen Research, Investors, Conocophillips, Devon Energy, Exxon, Organization of Petroleum, Kplgr, Bank of America, Citigroup Locations: U.S, Wall, Saudi Arabia, Russia, Chevron
Editor’s Note: Steven Melendez is artistic director of New York Theatre Ballet and a subject of the new documentary film “LIFT,” available on Apple and Amazon. He was born in the Bronx, New York, and has danced as a soloist with Ballet Concierto in Argentina, a principal dancer with the Vanemuine Theater Ballet Company in Estonia, and for more than 15 years with New York Theatre Ballet. CNN —Thirty years ago, I lived in a family homeless shelter in New York City, where dreams and struggles often do battle. The LIFT program did not simply introduce me to ballet; it transformed my life. New York Theatre BalletThe rigorous training demands unwavering commitment, punctuality and the relentless pursuit of perfection.
Persons: Steven Melendez, Steven Melendez Rachel Neville, Diana Byer, Jacques d’Amboise, Talent Organizations: New York Theatre Ballet, Apple, Concierto, Vanemuine Theater Ballet Company, CNN, New York Theatre, US Department of Housing, Urban Development, Harvard Joint Center for Housing Studies, Coalition, York Theatre Ballet, National Dance Institute Locations: Bronx , New York, Argentina, Estonia, New York City, Bronx, America
Lottery ticket sales in China rose 53.6% in August from a year ago, finance ministry data shows. "The worse the economy is, the more lottery tickets will be sold," a Weibo user wrote, according to Reuters. AdvertisementAdvertisementChinese lottery ticket sales are surging as the country's consumers look to gain some financial luck amid this year's economic gloom. The surge in lottery sales came as China's growth has largely sputtered through this year, despite Wall Street hopes for massive growth. AdvertisementAdvertisement"The worse the economy is, the more lottery tickets will be sold," another wrote on the microblog.
Persons: Organizations: Reuters, Service Locations: China, Beijing
A major benchmark for U.S. stocks — the Russell 2000 index — turned negative for the year on Monday, an indicator of broader weakness occurring in the economy that's being masked by a few large cap tech equities. Lending is also often more difficult for small cap companies versus larger cap names, which are can negotiate lower lending rates. The Russell 2000 has higher sector weight in financials, which makes it more leveraged toward interest rate conditions, said Bespoke Investment Group co-founder Paul Hickey. "So if you put all those factors together, I wouldn't say that the Russell 2000 is a canary in the coal mine. The strategist believes that easing pressure on interest rates should result help the small cap index bounce back from its oversold period.
Persons: Russell, , Jeff Corey, Corey, Paul Hickey, it's, Hickey Organizations: New York Stock Exchange, Nasdaq, Claro Advisors, Investment Group Locations: New York City, U.S, financials
CNBC Daily Open: September sell-off, October bounce?
  + stars: | 2023-10-02 | 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. World Bank cuts growth forecastThe World Bank trimmed its 2023 growth forecast for developing economies in East Asia and the Pacific from 5.1% to 5%. China's growing demand for commoditiesDespite the World Bank's downgrade of China's growth prospects, China's demand for commodities has been growing at "robust rates," according to Goldman Sachs. However, the bill merely allows the U.S. government to stay open — and lawmakers to thrash out a more permanent funding legislation — for 45 more days.
Persons: Goldman Sachs Organizations: New York Stock Exchange, CNBC, Nasdaq, Nikkei, Bank, U.S, Senate, Labor, Survey Locations: New York City, China , Hong Kong, South Korea, East Asia, China, Russia
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. 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. Auto strikes expandThe United Auto Workers union expanded its strikes Friday, halting work at another Ford plant and an additional GM Plant. And September's jobs report will be released Friday, showing if the jobs market is still tight, as recent data on jobless claims have suggested.
Persons: Europe's, Stellantis, Shawn Fain Organizations: New York Stock Exchange, CNBC, Nasdaq, PCE, U.S, Senate, Auto, United Auto Workers, Labor, Survey Locations: New York, U.S, Russia
Aaron Rodgers attended a team meeting at the New York Jets’ New Jersey hotel Saturday night and is expected to attend the game against the Kansas City Chiefs on Sunday night, according to a person with knowledge of the situation. Rodgers was injured four snaps into his debut with the Jets on Sept. 11 against Buffalo. “You never know who you’re going to see at the game,” Rodgers said with a grin. The person spoke to The Associated Press on condition of anonymity because the team didn’t announce Rodgers had rejoined his teammates. I hope it is this weekend.”Two days after the injury, Rodgers had surgery performed by Dr. Neal ElAttrache in Los Angeles.
Persons: Aaron Rodgers, Rodgers, Pat McAfee, ” Rodgers, Taylor Swift, Travis Kelce —, Robert Saleh, , Garrett Wilson, Neal ElAttrache, wouldn’t Organizations: New York Jets, Kansas City Chiefs, Jets, Buffalo, MetLife, Chiefs, Associated Press, New York, AP NFL Locations: New Jersey, Malibu , California, Los Angeles
The performances of all four films – “PAW Patrol: The Mighty Movie,” “Saw X,” “The Creator” and “Dumb Money” – told a familiar story at the box office. “PAW Patrol,” from Paramount Pictures and Spin Master, had timing on its side. A third “PAW Patrol” movie has already been green-lit. Sony Pictures’ “Dumb Money,” expanded nationwide after two weeks of limited release but failed to ignite the kind of populist movement it irreverently dramatizes. Made for $30 million, “Dumb Money” wasn’t a massive bet.
Persons: , ” –, Brian Robbins, Chris Rock, Tobin Bell, James Wan’s, Gareth Edwards, John David Washington, , Craig Gillespie, Paul Dano, Pete Davidson, Seth Rogen, Anthony Ramos, Jonathan Demme, Comscore, “ Barbie Organizations: Paramount Pictures, Nickelodeon, Paramount, Lionsgate, New Regency, Disney’s, Century Studios, Sony Pictures, GameStop, Hollywood Locations: Venice
"I'm very bullish that the M&A market will come back later this year or early next," PwC told Insider. PwC expects M&A activity to "emphatically" pick up. Many companies, having "done just fine" on recent fundraising tours, have built up war chests of capital they're now ready to deploy. He continued: I'm very bullish that the M&A market will come back later this year or early next. And I think you'll see things like the capital markets IPOs and things come back toward the back end of '24."
Persons: , PwC, Dealmaking, Neil Dhar, they're, Dhar Organizations: Service, Companies, PwC, Reuters Locations: they're, , Dhar
CNN —Jon Rahm became the darling of Europe with a remarkable performance at the Ryder Cup on Friday, but not everyone was impressed. 1 Scottie Scheffler and Brooks Koepka, his earlier foursomes point further helping Europe surge into a five point lead at Marco Simone Golf Club. “So yeah, I mean, I want to hit a board and pout just like Jon Rahm did. 1 against a pair with no major crowns and in Aberg, a 23-year-old Ryder Cup debutant who turned pro less than 100 days ago. “We make a strong team,” Hovland said.
Persons: Jon Rahm, eagled, Nicolai Højgaard, Scottie Scheffler, Brooks Koepka, Marco Simone Golf, Rahm, Scheffler’s, , Scottie birdied, , ” Koepka, ” Rahm, Patrick Smith, Luke Donald, ” Donald, “ Jon, Nicolai, , Zach Johnson, “ I’m, Brooks, ” Johnson, Justin Rose, Keyur Khamar, Scheffler, Viktor Hovland, Ludvig Aberg, Norway’s Hovland, Aberg, ” Hovland, could’ve Organizations: CNN, Ryder, Marco Simone Golf Club, USA, Sky Sports, Getty, Europe Locations: Europe, Aberg
.SPX YTD mountain S & P 500 in 2023 The median stock in the index, though, is nearly 16% off its 52-week high and is flat year to date. The S & P also went nine straight sessions through Wednesday recording a lower low than the day before, something that had only happened a dozen times over the prior century, says SentimenTrader.com. But the raw numbers say the S & P 500 has dropped from 19.7-times the next 12 months' projection to 17.9-times in two months. The equal-weight S & P 500 is at 14.3-times forward earnings; it bottomed last October just under 13. The S & P 500's annualized total returns for the last three, five and ten years are all between 10-12%, slightly above the long-term average.
Persons: Bonds, Friday's, Johnson, handicapping, shutdowns Organizations: Federal Reserve, Treasury, Deutsche Bank, Target, American Express, Investment, CNN Locations: lockstep
(AP) — Jaxson Dart threw for four touchdowns, including a 13-yard, game-winner to Tre Harris with 39 seconds remaining as No. Daniels was 15 for 19 passing for 234 yards and three touchdowns, added 67 rushing yards and a QB rating of 234.5. 20 Rebels, the fourth highest ranked SEC team in the poll, are poised to move up, but no SEC team has moved up more than five slots in any single week. 13 LSU is certain to drop, but will the Tigers become this season’s first two-loss team to remain in the Top 25? 20 Rebels host Arkansas to complete a two-game home stand on Saturday.
Persons: Jaxson Dart, Tre Harris, Ole Miss, Jayden Daniels, Chris Hilton Jr, Dart, Brian Thomas Jr, Daniels, Harris, Ole, Lane Kiffin’s, Thomas, Logan Diggs Organizations: OXFORD, Miss, LSU, Rebels, Tigers, The Rebels, Alabama, Ole Miss, SEC, AP Locations: Mississippi, Missouri, Arkansas
Morning Bid: Spiky quarter ends in uneasy market calm
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. At 4.53% on Friday, the 10-year benchmark was some 15 basis points off Thursday's peak and two-year yields fell back to their lowest since Sept. 18. Some optimism from Beijing about a possible year-end summit between President Xi Jinping and U.S. President Joe Biden helped. Key developments that should provide more direction to U.S. markets later on Friday:* US August PCE inflation gauge, personal income and spending. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Brendan McDermid, Mike Dolan, Thursday's, Xi Jinping, Joe Biden, Lifeng, Federal Reserve's, Jerome Powell, Thomas Barkin, it's, Kathleen O'Neill Paese, John Williams, Toby Chopra Organizations: New York Stock Exchange, REUTERS, Treasury, Organization of, Petroleum, Wall Street Journal, Federal, Fed, Richmond Fed, Nike, HK, Reuters, Mercedes, Benz, Chicago, University of, Louis Federal Reserve, New York Fed, U.S, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: New York City, U.S, Beijing, China, Washington, Hong Kong, Nio
A government shutdown looming on the horizon could dampen sentiment to start October even as Wall Street wraps up what's been a challenging month and quarter. Many market participants expect that the financial markets and economy will broadly shake off concerns from a shutdown as they have in the past. "The market's probably going to set it aside until or unless it starts to have a larger impact on behaviors." Economic impact Historically, government shutdowns have been relatively short-lived, though they have been longer and more disruptive recently. Meanwhile, Jay Woods, chief global strategist at Freedom Capital Markets, expects the government shutdown is "all bark and no bite" when it comes to market reaction.
Persons: Wells Fargo, Rob Haworth, Wells, Michael Pugliese, Bank's Haworth, Aditya Bhave, Jay Woods, Woods, Jeff Hirsch, Hirsch, Lamb Weston Organizations: RBC Capital Markets, Federal Reserve, U.S . Bank, Nasdaq, BEA, Bank of America U.S, Labor, Freedom Capital, Atlanta Fed's, PMI, Manufacturing, McCormick, ADP, Services PMI, Constellation Brands, Conagra, Consumer Credit Locations: Wells Fargo
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
New York CNN —This Friday is arguably the best day of the year: It’s National Coffee Day. Sixty-seven percent of Americans drink coffee every day — more than any other beverage, including water — according to National Coffee Association (NCA). A recently released NCA report also said that coffee consumption continues to “bounce back” from the Covid-19 pandemic, notably with at-work consumption growing as companies compel their workers return to the office. In fact, enjoying an in-office coffee has “rebounded to pre-pandemic levels” with 36% of Americans participating. People drinking coffee at home are still above their pre-pandemic levels at 82%.
Persons: Peet’s Organizations: New, New York CNN, National Coffee Association Locations: New York
Cubs aim to shake off stunning loss to Braves
  + stars: | 2023-09-27 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
The Cubs squandered a six-run lead and lost 7-6 when right fielder Seiya Suzuki whiffed on a fly ball in the eighth inning. He hit a two-run triple in the loss and is hitting .364 (51-for-140) over his past 37 games. Taillon has not faced the Braves this season. Atlanta is six homers short of tying the major league record set by the 2019 Minnesota Twins. That leaves him one short of matching the modern-era franchise record (since 1900) set by Eddie Mathews in 1953.
Persons: Seiya Suzuki, We're, David Ross, Suzuki, Seiya, Ross, He's, he's, Jameson Taillon, Darius Vines, Taillon, Vines, Matt Olson, Eddie Mathews, Pete Alonso, Olson, Hank Aaron Organizations: Chicago Cubs, Atlanta Braves, Cubs, National League, Arizona Diamondbacks, Miami Marlins, New York Mets, Los Angeles Dodgers, Braves, Chicago, Atlanta, Colorado Rockies, Pittsburgh Pirates, Colorado, Washington, Minnesota Twins, Thomson Locations: Chicago, Atlanta
Electric-vehicle charging stations provider ChargePoint could make a massive recovery, according to UBS. He assigned a price target of $9, implying shares could gain 85.6% from Tuesday's closing price. UBS said the worsened sentiment around ChargePoint has created an "attractive risk/reward" profile for investors. The company has 33,000 charging stations, UBS noted. "This charging type leverages dwell times of cars and are therefore deployed in settings where EVs will be parked for several hours."
Persons: Robert Jamieson, ChargePoint, Jamieson, Harris, — CNBC's Michael Bloom Organizations: UBS, EV, Biden Locations: United States
Never bet against an oversold market, says Jim Cramer
  + stars: | 2023-09-27 | by ( Jim Cramer | ) 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 EmailNever bet against an oversold market, says Jim Cramer'Mad Money' host Jim Cramer breaks down today's market bounce and why he believes the market is oversold.
Persons: Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf September brings rain October bears fruit for the market, says Jim Cramer'Mad Money' host Jim Cramer breaks down today's market bounce and why he believes the market is oversold.
Persons: Jim Cramer
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