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Dollar takes a breather as investors ponder U.S. rates outlook
  + stars: | 2024-04-18 | by ( ) www.cnbc.com   time to read: +3 min
The dollar was soft on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer. The dollar was soft on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer. The yen strengthened 0.05% to 154.29 a dollar but remained close to the 34-year low of 154.79 touched on Tuesday. Japan last intervened in the currency market in 2022, spending an estimated $60 billion to defend the yen. Elsewhere, the Australian dollar was little changed at $0.6439, while the New Zealand dollar eased a bit to $0.5914 after spiking 0.6% on Wednesday.
Persons: Sterling, Michelle Bowman, Kristina Clifton, Tony Sycamore Organizations: Federal Reserve, Traders, Market Committee, Federal, Fed, Commonwealth Bank of Australia, IG, Japan, New Zealand Locations: U.S, Japan, South Korea, Tokyo, Seoul
Dollar steady, yen fragile after Fed comments dash rate cut bets
  + stars: | 2024-04-17 | by ( ) www.cnbc.com   time to read: +4 min
The comments follow a slew of data in recent weeks that highlight the strength of U.S. economy along with persistent inflation. Against a basket of currencies, the dollar was last at 106.33, just below the five month peak of 106.51 touched on Tuesday. I'm watching dollar strength and U.S. real yields very closely." On Wednesday, the yen was last at 154.65 per dollar, having touched the 34-year low of 154.79 in the previous session. The Australian dollar rose 0.12% to $0.641, while the New Zealand dollar rose 0.22 to $0.589.
Persons: Jerome Powell, Powell, Powell's, " Powell, Ben Bennett, Kieran Williams, InTouch Capital's Williams Organizations: Federal Reserve, U.S, Traders, Investment Management, Asia FX, InTouch, CPI, New Zealand Locations: Washington, Asia, JPY, Japan
London CNN —Last week, former UK Prime Minister Boris Johnson treated a Canadian crowd to a helping of his signature bombast. Second World War-era Conservative British Prime Minister, Winston Churchill, is also one of history's most famous cigar smokers. Central Press/Hulton Archive/Getty ImagesDespite what Johnson may have led his audience to believe, a potential smoking ban enjoys broad popular support in the UK. New Zealand’s conservative National Party introduced a similar phased smoking ban last year, but reversed it before it went into effect to help pay for tax cuts. Smoking costs the NHS an estimated £2.5 billion ($3.1 billion) every year, equivalent to 2% of the health service’s budget.
Persons: Holly Thomas, Katie Couric, London CNN —, Boris Johnson, Winston Churchill, , It’s, Rishi Sunak, Johnson, YouGov, Conservative backbenchers, Liz Truss, they’d, it’ll, Organizations: Katie Couric Media, CNN, London CNN, Conservative Party Conference, Conservative British, Central Press, Hulton, National Health Service, Conservative, New, National Party, Cancer Research, Tory Locations: London, Quebec, Britain, America, England, Wales, Scotland
CNN —A preliminary report from Chile’s aviation authority on the LATAM Airlines plane that plunged mid-air on March 11 says that the captain’s seat experienced an “involuntary movement forward” midflight. LATAM Flight 800 was flying from Australia to New Zealand when the Boeing 787 Dreamliner descended 400 feet, and the cause of the sudden plunge is yet to be determined, according to the report. The black box will be handed over to the National Transportation Safety Board (NTSB), and the captain’s seat will be inspected by the FAA and Boeing, the report said. Days after the incident, Boeing sent an advisory to airlines that operate the Boeing 787 Dreamliner recommending they inspect cockpit seat switches on the planes. It has sent a similar notice to airlines in 2017.
Persons: CNN — Organizations: CNN, LATAM Airlines, Boeing, ” Authorities, National Transportation Safety Board, FAA Locations: Australia, New Zealand, Chile, United States
April Jereza never intended to move abroad to Madrid, Spain, but now that she's been there for seven years, she thinks she'll stay for the long haul. "People in Madrid, and Spain in general, really understand that you don't live to work; you work to live," Jereza says. Other data touts the city's big benefits for professionals: Madrid is the No. 1 best city for remote work, according to a new analysis from Remote.com, a global HR platform for distributed teams. She now works as a product manager for a multinational social media agency from its Madrid office and works remotely part of the week.
Persons: Jereza, she's, she'll Organizations: CNBC Locations: Madrid, Spain, Canada, Europe, Remote.com, Spain Madeira, Portugal Toronto, Canada Auckland , New Zealand Tokyo, Japan Paris, France Portland , Maine, USA Taipei, Taiwan Stockholm, Sweden Reykjavik, Iceland
Dollar stands tall as U.S. rate-cut bets recede
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: +2 min
The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. There was little initial reaction to a weekend attack on Israel by Iran. Canadian and New Zealand inflation figures are due on Tuesday, along with Chinese growth numbers. British inflation data is out on Wednesday and Aussie jobs data on Thursday.
Persons: Jason Wong, Sterling Organizations: New Locations: Asia, Israel, Iran, New Zealand, Israeli, Damascus, Wellington, Zealand
Google headquarters is seen in Mountain View, California, United States on May 15, 2023. Google will begin removing links to California news websites from search results for some Californians in response to a bill that would require online ad companies to pay a fee for connecting state residents to news sources. The recent developments have upended many online publishers that count on Facebook and Google for traffic and are particularly painful for publications that rely on advertising revenue. "If passed, CJPA may result in significant changes to the services we can offer Californians and the traffic we can provide to California publishers," Zaidi wrote. Supporters of the California bill say it will help news publishers receive a fair chunk of the ad profits reaped by tech juggernauts like Apple , Google and Meta.
Persons: Jaffer Zaidi, Zaidi Organizations: Google, California Journalism, Facebook, Meta, Google News, Apple Locations: View , California, United States, California, France, Germany, Spain, Australia, Canada, New Zealand
Autumn in New Zealand heralds the arrival of a green, egg-size fruit that falls off trees in such abundance that it is often given to neighbors and colleagues by the bucket or even the wheelbarrow load. The fresh fruit, whose flesh is gritty, jellylike and cream-colored, is used in muffins, cakes, jams and smoothies, and it begins appearing on high-end menus each March — the start of fall in the Southern Hemisphere. Off-season, it is found in food and drink as varied as juices and wine, yogurt and kombucha, and chocolate and popcorn. This ubiquitous fruit is the feijoa (pronounced fee-jo-ah). Known in the United States as the pineapple guava, it was first brought to New Zealand from South America via France and California in the early 1900s.
Organizations: Southern Hemisphere Locations: New Zealand, United States, South America, France, California
We'll show you everything you need to know about streaming the series, including where to watch Friends from anywhere for free. Keep reading to learn how to watch the show from anywhere, including a free streaming option. How to watch Friends in the USAll 10 seasons of Friends are available to stream on Max. How to watch Friends in New ZealandFriends is available to stream through TVNZ+ in New Zealand. Watch Friends.
Persons: Jennifer Aniston, David Schwimmer, Courteney Cox, Lisa Kudrow, Matt LeBlanc, Matthew Perry, Tom Selleck, Reese Witherspoon, Paul Rudd, we've, HBO Max, Max, it's, ExpressVPN Organizations: Business, Netflix, HBO, Warner Bros, TVNZ Locations: New York City, New Zealand
Helen Brown Helen BrownGetting over the psychological hurdleThe retired boomers told BI that transitioning from working to retirement can be difficult. AdvertisementClive Hook Clive HookHook told BI that the complete loss of structure was the toughest change. Related storiesThere's a misconception that life becomes boring in retirement, Hook told BI. Falconer told BI she revels in saying no to anything she no longer wants to do. I was too young," Feest told BI.
Persons: , Helen Brown, Brown, Helen Brown Helen Brown, Clive Hook, He'd, Clive Hook Clive Hook Hook, purposeless, Hook, Jackie Harrison, Harrison, It's, Jackie Harrison Jackie Harrison Sandra Falconer, Falconer, Parkinson's, hadn't, Kathy Feest, Sandra Falconer, Sandra Falconer Sandra Falconer, Feest Organizations: Service, Business, WHO, Open University Locations: New Zealand
Yen crumbles under towering dollar and U.S. Treasury yields
  + stars: | 2024-04-12 | by ( ) www.cnbc.com   time to read: +4 min
In this photo illustration, the man is holding several U.S. dollar bills with some Chinese yuan in the background. The yen struggled to break away from a 34-year low on Friday and was headed for a weekly decline, while the dollar hovered near a five-month high alongside U.S. Treasury yields as traders heavily scaled back bets for a slew of U.S. rate cuts this year. The yen was last marginally higher at 153.17 per dollar, languishing near a 34-year trough of 153.32 per dollar hit in the previous session on the back of a surge in U.S. Treasury yields, which the dollar/yen pair tends to closely track. The benchmark 10-year yield was last at 4.5784%, flirting with a five-month peak of 4.5930% hit in the previous session. The renewed dollar strength also weighed on the Australian and New Zealand dollars , which each fell 0.02%.
Persons: Tony Sycamore, Shunichi Suzuki, David Doyle Organizations: U.S, Treasury, European Central Bank, Federal Reserve, IG, Japanese Finance, ECB, New, Macquarie Locations: U.S, United States, freefall, Tokyo, New Zealand
Global airlines are governed by nine "freedoms of the air," drafted 80 years ago in 1944. The fifth freedom can give airlines a competitive edge and help capitalize on demand. "Five Freedom Agreements"Qantas flies a Boeing 787 on its fifth freedom route between Sydney and New York. Seventh FreedomThe seventh freedom is similar to the fifth freedom but takes out the limitation of where the route must start or end. Ninth FreedomAdvertisementThis cabotage freedom allows an airline of one nation to fly between two points in a separate single country.
Persons: , Vytautas Kielaitis, Taylor Rains, Toshi, Nicolas Economou Organizations: Service, International Civil Aviation Organization, United Nations, Chicago Convention, ICAO, Chicago, European Union, Singapore Airlines, Airbus, Qantas, Google Flights, United Airlines, FAA, Emirates, Latam Airlines, Atlantic . Emirates, luxe, Forbes, Air Senegal, Boeing, Ryanair, Getty, Nice Locations: New York, Singapore, Frankfurt, Germany, Emirates, JFK, Milan, Newark, Athens, Dubai, Australian, Sydney, Auckland , New Zealand, Cebu, Philippines, Tokyo, , Mexico City, Barcelona, Santiago, Chile, Auckland, Amsterdam, Buenos Aires, Los Angeles, Australia, Dakar, Baltimore, Ireland, Rome, Vilnius, Lithuania, Paris
CNN —Drug cartels from North America have overtaken rivals in Southeast Asia to become Australia’s top suppliers of methamphetamine, police said, warning that Mexican gangs are “increasingly targeting” the country. Meanwhile, Southeast Asian meth fell to less than 15% of seizures of the drug, a highly addictive and potent stimulant. A wastewater detection program led by the Australian Criminal Intelligence Commission projected meth to be Australia’s second most used drug. In 2022, authorities stopped 1.8 tons of liquid meth masquerading as coconut water in Hong Kong before it reached Australia. They were bound for New Zealand, Australia and the surrounding Pacific region, police said.
Persons: Jared Taggart, Taggart, , Sam Gor, Terry Goldsworthy, Criminologist John Fitzgerald, Masood Karimipour Organizations: CNN —, Australian Federal Police, Police, , Australian Institute of Health, Welfare, Australian Criminal Intelligence, AFP, Bond University, Australian Capital Territory, University of Melbourne, Drugs, New Zealand police, Southeast, Pacific, United Nations Office Locations: North America, Southeast Asia, Australia, AFP, Mexico, United States, Canada, ” Australia, Thailand, Laos, Myanmar, Japan , New Zealand, Hong Kong, Asia, Pacific, Queensland, American, Europe, Ukraine, New Zealand
Dollar firms, yen skids as Fed cut wagers crumble
  + stars: | 2024-04-11 | by ( ) www.cnbc.com   time to read: +4 min
U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Japan intervened in the currency market three times in 2022 as the yen slid toward what was then a 32-year low of 152 to the dollar. The Japanese central bank last month ended eight years of negative interest rates but yen has remained rooted near 151 per dollar levels since then. The euro was last at $1.0744, having dropped 1% on Wednesday ahead of the European Central Bank, or ECB, meeting later in the day. The Australian dollar was little changed at $0.651, while the New Zealand dollar eased 0.17% to $0.598.
Persons: Masato Kanda, Kyle Rodda, Rodda, Kazuo Ueda, Kevin Cummins, Sterling Organizations: Fed, Reuters, Bank of, Bank of Japan, Federal Reserve, U.S, NatWest, Treasury, European Central Bank, ECB, New Zealand Locations: Buenos Aires, Argentina, Tokyo, Japan, Bank of Japan, U.S
This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.
Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI
Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm. The wealthy are building these "passport portfolios" — collections of second, and even third or fourth, citizenships — in case they need to flee their home country. "The U.S. is still a great country, it's still an amazing passport," said Dominic Volek, group head of private clients at Henley & Partners. Instead, many wealthy Americans are shopping around for an added visa or citizenship program to supplement their U.S. passport. According to Henley, the top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy.
Persons: Robert Frank, citizenships, Dominic Volek, Peter Thiel, Eric Schmidt, Volek, Henley, It's Organizations: Henley & Partners, ., Henley, Malta, Visa Locations: Wealthy, New Zealand, Cyprus, Portugal, Malta, Greece, Italy, Europe, European, Germany, France, U.S
As a backup plan, they've begun acquiring second passports. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Not everyone has the means to prepare an exit plan, but the wealthy Americans who do, are. They've started acquiring second passports to other countries through so-called golden visa programs, which allow wannabe residents to establish residency through investment. Here are some of the top countries they're eyeing if they need to make a break for it.
Persons: they've, , They've Organizations: Service Locations: America, Portugal, Malta, Greece, Italy, New Zealand, States
Dollar firm, yen under watch ahead of key US CPI release
  + stars: | 2024-04-10 | by ( ) www.cnbc.com   time to read: +3 min
The Japanese yen and U.S. dollar on display in Yichang, Hubei province, Nov 13, 2023. The inflation data follows a strong jobs report last Friday that blew past forecasts, raising questions on how soon and how much the central bank will cut rates this year. On the yen, Wednesday's CPI data will be "a big test for Japanese authorities," Kong added. The U.S. dollar index , which measures the greenback against six rivals, held firm at 104.12. The kiwi climbed as high as $0.6077 versus the U.S. dollar, its strongest since March 21, before flattening at $0.60595.
Persons: Carol Kong, Kong, Kazuo Ueda, Sterling, bitcoin Organizations: U.S, Reserve Bank of New, Commonwealth Bank of Australia, Bank of Japan, Reserve Bank of New Zealand, U.S ., Treasury, Traders, European Central Bank, ECB Locations: Yichang, Hubei province, Reserve Bank of New Zealand, U.S, China
People commuting to work in the morning cross a pedestrian crossing in Tokyo on February 15, 2024. Asia-Pacific markets mostly fell as of Japan's corporate inflation climbed in March and rate decisions are awaited from New Zealand and Thailand's central banks. South Korea's markets are closed Wednesday, as the country heads to the polls to elect its next parliament. Japan's corporate inflation rate came in at 0.8% for March, its third straight month of increase and in line with expectations from a Reuters poll of economists, while investors also brace for the U.S. consumer price index report later Wednesday.
Locations: Tokyo, Asia, Pacific, New Zealand, South
Introduced predators kill about 25 million native birds in New Zealand annually, with about 4,000 native species threatened or at risk of extinction, according to the DOC. Under the program, the government plans to eradicate rats, possums (a marsupial native to the Americas), weasels, ferrets — and the pesky stoat. Chalky Island and the neighboring Passage Islands have been predator-free since 1999 following the first ever stoat eradication campaign, according to the DOC. And for Fleming, the recent stoat incursion only underscores the importance of the Predator Free 2050 plan. “If we eradicate stoats from Aotearoa (New Zealand) completely we remove the costs of incursions, and our wildlife can thrive alongside us,” he said.
Persons: Rebecca Teele, , Aaron Fleming, Liu Yang, RNZ, , pesky, Carolyn M, King, hitlist, Stephan Morris, stoats, stoats ”, Fleming Organizations: CNN, country’s Department of Conservation, New, Zealand, New Zealand Taxpayers ’ Union, Southern, New Zealand, University of Waikato Locations: New Zealand, Fiordland, Eurasia, North America, , New, Americas, Aotearoa
CNN —Monday’s total solar eclipse, one of the most highly anticipated events of 2024, has come and gone. But the next total solar eclipse won’t occur until August 12, 2026, said Amir Caspi, a principal scientist at the Southwest Research Institute in Boulder, Colorado. The next total eclipse in the USThe US won’t catch a glimpse of a total solar eclipse again until March 30, 2033, and even then the Russia-centric path includes only Alaska, with totality lasting 2 minutes and 37 seconds. A partial solar eclipse will shine over most of the country during that celestial event. The next total solar eclipse with a coast-to-coast path spanning the Lower 48 states will occur on August 12, 2045.
Persons: it’s, Amir Caspi, Caspi Organizations: CNN, NASA, Southwest Research, New Zealand, Democratic Locations: Chile, Argentina, South America, Boulder , Colorado, Greenland, Iceland, Spain, Russia, Portugal, Europe, Africa, North America, Alaska, North Dakota, Montana, California , Nevada , Utah , Colorado , Kansas , Oklahoma , Arkansas , Mississippi, Alabama, Florida, Australia, New, Namibia, Botswana, South Africa, Lesotho, Nigeria, Cameroon, Chad, Sudan, Egypt, Saudi Arabia, Iran, Afghanistan, Pakistan, India, China, North, South Korea, Japan, Angola, Democratic Republic of Congo, Uganda, Kenya, Somalia, Malaysia, Indonesia, Brunei, Philippines
These are some of the faces featured in “Muslims in America,” an ongoing photography series by British artist Mahtab Hussain. Mahtab HussainSo far, Hussain has documented subjects living in New York, LA, Baltimore and Toronto, Canada. I’ve met people from all over the world in the US who are Muslim: Palestinians, people from all over Africa. Not only do Hussain’s photographs visually challenge the way American Muslims have been portrayed, he has also offered space for his subjects to share their experiences. Mahtab HussainMany members of Dearborn’s Arab American and Muslim American communities have openly rejected Biden for his handling of the Israel-Hamas war.
Persons: Julo, Adbul, Candace, Mahtab Hussain, , ” Hussain, Hussain, Arslan, , Riz Ahmed, creatives, I’ve, ” Julo Cisse, Mahtab Hussain Syeda Monique Legette, he’s, ” Itar Mechmechia, ” Dayana Aziz, Abdullah Hammoud, Joe Biden’s, Biden, Netanyahu, Candace Ashley, that’s, Adbul Warsame, Mahtab Hussain Ahmed Mohamed Organizations: CNN, Nike Air Jordans, Pew Research Center, USC, Initiative, USC Annenberg, British Pakistani Muslim, American, The New York Times, Hamas Locations: United States, America, British, New York, UK, Australia, New Zealand, Glasgow, Kashmir, Pakistan, LA, Balitmore, Baltimore, Toronto, Canada, British Pakistani, Africa, Britain, New York City, Dearborn , Michigan, Gaza, American, Israel, Michigan
Are you still a little giddy from the magical moments of totality during Monday’s solar eclipse? So, if like Mr. Rao, you’ve developed a raging case of umbraphilia — the love of eclipses — you’ll have three chances over the next four years to see the moon blot out the sun. The first, on Aug. 12, 2026, will start above Greenland, then strafe the west coast of Iceland and move along the Atlantic Ocean and over Spain. Almost a year later, on Aug. 2, 2027, another will skirt the Mediterranean coast of North Africa then cross Egypt and part of the Arabian Peninsula. The third, on July 22, 2028, will cut across Australia and the southern tip of New Zealand.
Persons: ‘ I’ve, , Joseph Rao, Rao, you’ve Locations: Greenland, Iceland, Spain, North Africa, Egypt, Australia, New Zealand
Yen feels the heat as U.S. Treasury yields climb
  + stars: | 2024-04-09 | by ( ) www.cnbc.com   time to read: +3 min
The greenback added 0.03% to 151.87 yen , holding near a 34-year high of 151.975 yen hit last month as Japanese officials continued to ramp up their jawboning efforts in a bid to defend the currency. The threat of intervention from Tokyo has kept the dollar from breaching the closely-watched 152 yen level, even as U.S. Treasury yields — which the dollar/yen pair tends to closely track — climb. Sterling tacked on 0.04% to $1.2658, while the euro steadied at $1.0860, holding near a two-week high. Despite a rise in U.S. Treasury yields the dollar has failed to draw meaningful support as traders reassess their expectations of the pace and scale of Federal Reserve rate cuts priced in by markets for later this year. That's come even as the two-year Treasury yield rose to an over four-month high of 4.8010% on Tuesday, while the benchmark 10-year yield likewise held near an over four-month peak and last stood at 4.4278%.
Persons: Shunichi Suzuki, Ryota Abe, Sterling, That's, It's, Ray Attrill Organizations: Treasury, Finance, SMBC, New Zealand, National Australia Bank Locations: U.S, Tokyo, United States
CNN —Found high in the Tyrolean Alps in 1991, Ötzi the Iceman had dark skin and eyes and was likely bald. How and why Ötzi, perhaps the world’s most studied corpse, got the body art has long been a source of fascination. Ötzi's tattoos, captured with image-processing software, might have been part of an ancient healing technique, according to research. The design, created during a 2022 study of ancient tattooing tools and techniques, is not one of Ötzi's tattoos. Samadelli urged the team to continue their study of Ötzi’s tattoos and how they were made.
Persons: , Aaron, Marco Samadelli, I’ve, hadn’t, Ötzi’s, Wolf, , Candice Nel, Ötzi, Danny Riday, Matt Lodder, , you’ve, Lodder, Samadelli Organizations: CNN —, EURAC Research, Institute for Mummy Studies, Tennessee Division, European, Archaeology, South Tyrol Museum of Archaeology, Research, University of Essex, Humanity, Tyrol Museum of Archaeology, Eurac Research, Ötzi Locations: Tyrolean, Ötzi, Bolzano, Italy, Zealand, Tyrol
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