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☆ U.S. and Allies Target Russian Bots Working to Spread Propaganda
▼ + stars: | 2024-07-09 | by ( Steven Lee Myers | Julian E. Barnes | ) www.nytimes.com time to read: +1 min

The Justice Department said on Tuesday that it had moved to disrupt a covert Russian influence operation that used artificial intelligence to spread propaganda in the United States, Europe and Israel with the goal of undermining support for Ukraine and stoking internal political divisions. In affidavits released with the announcement, officials with the Justice Department, the F.B.I. and the Pentagon’s Cyber National Mission Force linked the effort to Russia’s Federal Security Service and RT, the state television network that has channels in English and several other languages. The disclosure of such a large, global network of bots confirmed widespread warnings that the popularization of rapidly developing A.I. tools would make it easier to produce and spread dubious content.

Organizations: Ukraine, Elon, Justice Department, Force, Federal Security Service Locations: Russian, United States, Europe, Israel, Canada, Netherlands, Ukraine

And at some Chipotle locations, customers filmed workers to try to make sure they didn't skimp on their burrito bowls. The three joined a growing list of consumer brands contending with customers' deep frustration over high prices — and wariness that prices will only rise more. Walmart, on the other hand, said the new price tags will cut a tedious task from store workers' to-do lists. They eliminate the need for store workers to swap out traditional paper tags. Shoppers at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024.

Persons: Wendy's, Jean, Pierre Dubé, David Chavern, Donald Trump, Joe Biden, Kevin Lamarque, hasn't, Dianna Campbell, she's, Campbell isn't, Biden, skimping, Sen, Bob Casey, Andrea Foote, Tricia Moriarty, it's, Jim Cramer, CNBC's, Brian Niccol, Chipotle, We've, Wells, Zachary Fadem, Brandon Bell, It's, Kirk Tanner, Yuki Iwamura, Cristina Rodrigues, Gabby Jones Organizations: Walmart, University of Chicago Booth School of Business, Consumers, U.S . Bureau of Labor Statistics, Consumer Brands Association, Procter, Gamble, Pew Research, Pew, Reuters Shrinkflation, Federal Reserve, Customers, Gatorade, PepsiCo, CNBC, Chipotle, New York, Mexican Grill, Getty, American Farm Bureau Federation, Bloomberg, University of Chicago Locations: U.S, Goffstown , New Hampshire, Manhattan, New York City, Mexican, Austin , Texas, Queens, New York, Europe, Secaucus , New Jersey, US

☆ Is Xenophobia on Chinese Social Media Teaching Real-World Hate?
▼ + stars: | 2024-07-04 | by ( Li Yuan | ) www.nytimes.com time to read: +1 min

The video posted last year on Chinese social media showed more than 100 Japanese children, supposedly at an elementary school in Shanghai, gathered in their schoolyard. Chinese subtitles quoted two students leading the group as screaming: “Shanghai is ours. Xenophobic online content like the schoolyard video is the subject of debate in China right now. Last week, a Chinese man stabbed a Japanese mother and her son in eastern China. Private citizens censor themselves, knowing that what they post can get their social media accounts deleted or, worse, land them in jail.

Organizations: Private Locations: Shanghai, China, Japan, Japanese, Iowa

☆ Is inflation Biden's or Trump's fault? The answer isn't so simple, economists say
▼ + stars: | 2024-07-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

"He caused the inflation," Trump said of Biden during the June 27 debate. "He decimated the economy, absolutely decimated the economy," Biden said. 'Neither Trump nor Biden is to blame'Global events beyond Trump's or Biden's control wreaked havoc on supply-and-demand dynamics in the U.S. economy, fueling higher prices, economists said. "In my view, neither Trump nor Biden is to blame for the high inflation," said Mark Zandi, chief economist at Moody's Analytics. For example, Trump imposed tariffs on imported steel, aluminum and several goods from China, which Biden largely kept intact.

Persons: Donald Trump, Joe Biden, Andrew Harnik, Trump, Biden, David Wessel, Mark Zandi, Mario Tama, Wessel, Zandi, Stephen Brown, —, Michael Strain, Strain Organizations: Getty, Federal Reserve, Biden, Trump, Hutchins, Brookings Institution, Finance, Social Security, Medicare, Moody's, Port, International Monetary Fund, North, Capital Economics, American, American Enterprise Institute, Federal, U.S Locations: Atlanta, U.S, Ukraine, China, Port of Los Angeles, San Pedro , California, North America, It's

☆ Turkish officials call for calm as social media hysteria fuels anti-Syrian riots in Turkey
▼ + stars: | 2024-07-01 | by ( Scott Mclean | Isil Sariyuce | ) edition.cnn.com time to read: +4 min

Istanbul CNN —Allegations of sexual abuse against a child by a Syrian man in Kayseri, Turkey, have sparked overnight riots that targeted Syrian businesses and cars in the city. Protesters in al-Bab, Aleppo, Syria, attack a Turkish truck during demonstrations against Turkey on July 1, 2024. Bakr Alkasem/AFP/Getty ImagesIn another town, Ghazawiah, also in northwest Syria, protesters were seen pulling the Turkish flag town from a military site. At the “Bab al-Salama” border crossing with Turkey, the Turkish flag was removed, burned and replaced with a Free Syrian Army flag, according to a local resident and images circulating on social media. Turkey hosts more Syrian refugees than any other country, but Turkey has often struggled to integrate Syrian refugees fully into society.

Persons: Ali Yerlikaya, Recep Tayyip Erdogan, ” Erdogan, ”, Bakr, Bab, Salama, Forces ”, Yerlikaya, “, Erdogan, Bashar al, Assad Organizations: Istanbul CNN, Anadolu, CNN, Getty, Free Syrian Army, “ National Coalition for Syrian Revolution, Forces Locations: Istanbul, Syrian, Kayseri, Turkey, Turkish, Anatolian, “, Syria, Atareb, Bab, Aleppo, AFP, Ghazawiah

☆ A prominent think tank says China could take control of Taiwan without even launching an invasion — here's how
▼ + stars: | 2024-06-30 | by ( Cameron Manley | ) www.businessinsider.com time to read: +6 min

Read previewChina could take control of Taiwan without ever having to invade, a prominent think tank has said. China has already begun carrying out certain elements of such a campaign, launching increasing military exercises around the island. AdvertisementHowever, a "law enforcement-led gray zone operation" would complicate any third-party intervention, per the CSIS report. Tensions between China and Taiwan are increasing by the dayRelations between Taiwan and China remain on a knife edge. Chinese military exercises off Taiwan.

Persons: —, stoking, RHSKKjXtOu, pzmpXbWd0k —, Sidharth, Feng Hao, Joe Biden, Dong Jun, Xi Jinping, Gui, Tom Shugart Organizations: Service, Washington DC, for Strategic, International Studies, Business, pzmpXbWd0k — CSIS, China Coast Guard, Maritime, Administration, American Enterprise Institute, Institute for, Royal United Services Institute, CNN, PLA, China Military, Anadolu, Getty, Taiwan Relations, CSIS, Chinese Defense, US Navy, Center, New, New American Security Locations: China, Taiwan, Taiwan Strait, Singapore, Beijing, Gui Xinhua, New American

☆ Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline
▼ + stars: | 2024-06-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +19 min

But other current employees are dissatisfied with where the strategy shift has left them. In January 2023, Pfizer forecast a steep drop in annual revenue, to between $67 billion and $71 billion. Pfizer's 2023 revenue ultimately came in at $58.5 billion, including $11.22 billion from its Covid vaccine and $1.28 billion from Paxlovid. Faith in executive leadership also plunged among some workers, according to most of the current and former employees who spoke with CNBC. Some current workers said that hasn't appeared to change after the town hall on May 2.

Persons: Albert Bourla, Wall, they're, Bourla, I'm, drugmaker Seagen, Irfan Khan, hasn't, Pfizer, renegotiating, John Thys, Payal Sahni Becher, Becher, Kena, Mike McDermott, Bourla's Organizations: Corbis, Getty, Pfizer, Wall, CNBC, Los Angeles Times, Moderna, Centers for Disease Control, U.S ., GSK, Bristol Myers Squibb, Pfizer wasn't, . Biotech, Companies, Biotech, BioNtech, Reuters, Human, View Press, Global, APEC, Summit, Tech, Google Locations: U.S, Covid, Eagle Rock , California, Durham , North Carolina, Puurs, Belgium, New York City, Peapack , New Jersey, Kena

☆ Supreme Court Ruling Reflects Challenges of Jan. 6 Prosecutions
▼ + stars: | 2024-06-28 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

The Supreme Court’s decision on Friday that prosecutors had misused an obstruction law in charging hundreds of rioters who attacked the Capitol is the latest example of the persistent challenges the Justice Department has faced in grappling with the consequences of Jan. 6, 2021. By and large, the department has succeeded over the past three years in moving against members of the pro-Trump mob who sought to disrupt the certification of President Biden’s victory on Jan. 6, and in winning convictions on seditious conspiracy charges against members of two far-right groups that were instrumental in stoking the violence that day, the Proud Boys and the Oath Keepers. But lacking any established legal blueprint for addressing an assault on the foundations of democracy, prosecutors sometimes got creative with the law. And that has left them vulnerable to second-guessing by the courts on how they have pursued criminal cases both against the rioters and against former President Donald J. Trump, and contributing to a long series of challenges and delays. The court’s new ruling on the obstruction law will hardly cripple the Justice Department’s ability to go after the rioters, but it will constrain prosecutors by restricting the use of an important tool they have relied on to seek accountability against the most disruptive members of the mob.

Persons: Biden’s, Donald J, Trump Organizations: Capitol, Department, Trump

☆ Dollar barges past 161 yen and eyes quarterly rise
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: +2 min

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. At 172.37 per euro it traded at a lifetime low on the common currency as yen bears test authorities' resolve. The New Zealand dollar dipped 0.3% to $0.6065 on Friday, but was up 1.5% for the quarter. The U.S. dollar index was 0.2% stronger at 106.07 on Friday for a 1.5% quarterly rise.

Persons: Ray Attrill, Donald Trump, Joe Biden, Biden, NAB's Attrill Organizations: Republican, Democratic, New Zealand, U.S, Federal Locations: Asia, Tokyo, Australia, Sydney, Atlanta, U.S

☆ Iceland’s volcanic activity may continue for decades, study says
▼ + stars: | 2024-06-28 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +10 min

CNN —After 800 years of calm, volcanoes have awakened in the Reykjanes Peninsula of Iceland — about 56 kilometers (35 miles) south of the nation’s capital, Reykjavik. While there is no risk of a global calamity happening, researchers are now warning that new scientific evidence suggests the eruptions originating from the Reykjanes Peninsula could continue for years or even decades. But people staying there, with the possibility of a very rapid onset of volcanic activity, I don’t think that’s recommended. “The Reykjanes peninsula is exactly on this plate boundary,” he added, “and it seems that we are now witnessing the earliest part of a major eruption episode. Icelandic geoscientists and international collaborators are tracking the frequency and intensity of seismic activity and ground deformation in real time.

Persons: that’s, ”, Valentin Troll, John Moore, Hugh Tuffen, “, Emin Yogurtcuoglu, volcanologist Einat Lev, Lamont, Lev, Jessica Johnson, ” Johnson, Tuffen Organizations: CNN, Iceland —, Uppsala University, Terra Nova, Lancaster University, Keflavík, Anadolu Agency, Getty, Columbia University, University of East Locations: Reykjanes, Iceland, Reykjavik, Grindavík, Sweden, volcanology, United Kingdom, Iceland Iceland, Kentucky, Fagradalsfjall, New York, University of East Anglia

☆ U.S. oil trades near two-month high, heads for third-straight weekly gain on Israel-Hezbollah war fears
▼ + stars: | 2024-06-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude oil on Friday traded near a two-month high and is on pace for a third-straight weekly gain as fears of war between Israel and the Iran-backed militia Hezbollah grow. West Texas Intermediate hit an intraday high of $82.72 per barrel, the highest level for the U.S. benchmark since April 30. U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Hezbollah could target Israel's offshore gas operations if war breaks out, and Israel could seek to hit Iranian oil facilities, according to RBC Capital Markets. There is also a risk that Iran could attack tankers in the straight of Hormuz or abandon a détente with Saudi Arabia and hit the kingdom's oil facilities, according to the firm.

Persons: Brent, stoking, Saudi détente, Helima Organizations: Hezbollah, Texas Intermediate, RBC Capital Markets, Pentagon, NBC News, The State Department, U.S, RBC Locations: Khiam, Lebanon, Israel, Gaza, Iran, U.S, Hormuz, Saudi Arabia, Saudi

☆ Markets are adjusting to stubborn inflation. Election noise could spoil the calm
▼ + stars: | 2024-06-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Add to that the noise surrounding the US election, and it could be a rougher second half. Central Banks in Canada and the eurozone have both cut interest rates, but inflation rose in both of those regions last month. Australia, meanwhile, saw its inflation rate rise to 4% this week, stoking fears that the Reserve Bank of Australia could soon move to raise rates again. It was already well known that no documentation was found to show who worked on the door plug. Without the bolts, the door plug incident was pretty much inevitable.

Persons: London CNN —, they’ve, Michelle Bowman, she’s, Mary Daly, Austan Goolsbee, stoking, Joe Biden, Donald Trump, ”, José Torres, Torres, wouldn’t, Joseph Stiglitz, Trump, Trump’s, Max, “, Al Michaels, Michaels, Peacock, ” Michaels, ‘, CNN Michaels, Read Organizations: CNN Business, Bell, London CNN, Federal Reserve, foibles, San Francisco Fed, Chicago Fed, Central Banks, Reserve Bank of Australia, Interactive Brokers, Treasury, Trump, Peterson Institute, Oxford Economics, Allianz, CNN, Boeing, Alaska, Alaska Airlines, National Transportation Safety Board, Alaska Air, NBC, Summer Games, Olympics Locations: London, Canada, Australia, Renton , Washington, Paris, ’

In that debate, Trump repeatedly attacked Biden and consistently spoke over him, as well as antagonized the moderators. Leading up to debate week, Trump has downplayed the importance of preparation. “It’s very hard to prepare,” Trump told the Washington Examiner. This room is a sterile, dead room, which is I guess what they want,” Trump told the Examiner. “I assume he’s going to be somebody that will be a worthy debater,” Trump told the “The All-In” podcast.

Persons: CNN —, Donald Trump’s, Trump, ” Trump, Jason Miller, Joe Biden’s, Biden, ”, Mike Waltz, “, I’m, Trump’s, Chris LaCivita, —, “ You’ve, ‘, we’d, Ohio Sen, JD Vance, Doug Burgum, ” Burgum, ” Miller, Joe Biden Organizations: CNN, ” Trump, “ CNN News Central, Washington Examiner, Trump, Republican National Convention, Camp, David, Ohio, North Dakota Gov, Union, Biden Locations: Mexico, Ukraine, Israel, Virginia, Philadelphia, Trump, “ State

☆ Oil prices fall as rally takes a pause while traders watch Middle East tensions, summer demand
▼ + stars: | 2024-06-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil futures fell Tuesday as the recent rally took a breather, with traders watching tensions on the Israel-Lebanon border and summer fuel demand. U.S. crude oil and global benchmark Brent are ahead 5.5% and 4.9%, respectively, for the month as prices have bounced back from May doldrums on a more optimistic outlook for summer fuel demand. Here are today's energy prices:Geopolitical tensions are also back in focus amid fears that Israel and the Iran-backed militia Hezbollah could go to war. Oil prices hit annual highs in April as Israel and Iran teetered on the brink of war, stoking fears that a wider conflict could engulf the Middle East and disrupt crude supplies. But McKay also said the oil rally could fade with funds likely to start liquidating long positions if WTI prices fall below $81 per barrel.

Persons: doldrums, Israel, CQ Brown, John Evans, Evans, Ryan McKay, McKay Organizations: Brent, Hezbollah, Air Force, Sunday, Israel, TD Securities Locations: McKittrick, Kern County , California, Israel, Lebanon, Iran, Gaza

☆ Our contributors rewatched the 2020 Biden-Trump debates for clues. Here’s what they predict will happen Thursday
▼ + stars: | 2024-06-24 | by ( Cnn Opinion | ) edition.cnn.com time to read: +27 min

Kate Bedingfield served as White House communications director in the Biden administration and was the deputy campaign manager on Biden’s 2020 presidential campaign. That contentious exchange during the 2020 debate put Biden on the defensive. A President Trump might make their decisions about retirement that much easier. David Urban, a CNN political commentator, served as an adviser to then-President Trump’s 2020 re-election campaign. On Thursday, President Biden needs to do it again.

Persons: isn’t, Joe Biden’s, Donald Trump’s, —, Stephanie Griffith, Scott Jennings, Trump, Donald Trump, Joe Biden, Biden, counterpunched Biden, CNN Trump masterfully, ” Scott Jennings Trump, mightily, George W, Bush, Sen, Mitch McConnell, Sophia A, Nelson Stephanie Honikel, Chris Wallace, Wallace, Trump’s, it’s, Nelson, It’s, Kate Bedingfield, Donald Trump Kate Bedingfield, Shermichael Singleton, Bill Clinton’s, James Carville, “, Democratic Barack Obama, they're, aren’t, “ It’s, David Axelrod, people’s, ” Biden, jibing Trump, ”, Barack Obama, Obama, David Urban, Amy Coney Barrett, Amy Coney Barrett's, Roe, Wade, Ronald Reagan, Bill Clinton, Reagan, Clinton, ” David Urban, Dobbs, Lady Jill Biden, Samuel Alito, Clarence Thomas, Bakari Sellers, Abraham Lincoln, chokeholds, Emmett Till, HBCUs ? Biden, Hilary Krieger Organizations: CNN, White, Biden, Scott Jennings CNN, Trump, Democratic, Republican, RunSwitch Public Relations, Capitol, GOP, Republican Government Reform, White House, NBC, Marist, Fox News, Global, Senate, United, Appeals, Federalist Society, American, United State Supreme Court, National Guard, South Carolina House of, Strom Law, CNN Opinion’s Locations: Cleveland , Ohio, Nashville , Tennessee, New York, Louisville , Kentucky, Charlottesville , Virginia, “, White, Charlottesville, Michigan, Scranton, Claymont, America, United States, Pennsylvania, HBCUs

☆ China growth worries have hit a big alcohol stock. Why some analysts see a buy opportunity
▼ + stars: | 2024-06-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

"Flying Fairy," a 53% alcohol from Shanghai-listed Kweichow Moutai , saw wholesale prices drop by more than 5% in a week. He agreed the drop in wholesale prices won't have a big impact on Moutai's immediate earnings. What's also different about Moutai's stock decline is that investors aren't rushing in to bottom fish as they have in the past, Ye said. "The recent wholesale price drop we think is mostly triggered by the arbitragers in the market," Morningstar's Song said. She expects wholesale prices to increase in coming months given major Chinese holidays in the fall.

Persons: stoking, That's, Jennifer Song, Song, Kweichou Moutai, Ye Yuhua, What's, Ye, Moutai, Huatai, Moutai's, Goldman Sachs Organizations: Nomura, Morningstar, Stock, Capital, Financial Holdings, JPMorgan, Macquarie Locations: Shanghai, Guangzhou, Hainan

☆ Trump floats ‘migrant league of fighters’ in latest dehumanizing rhetoric against migrants
▼ + stars: | 2024-06-22 | by ( Kate Sullivan | ) edition.cnn.com time to read: +3 min

“I said, ‘Dana, I have an idea: Why don’t you set up a migrant league of fighters and have your regular league of fighters. And then you have the champion of your league — these are the greatest fighters in the world — fight the champion of the migrants. At his campaign rallies, he spotlights violent crimes committed by undocumented immigrants as he bashes Biden’s handling of security at the border. As president, Trump took steps to curb both illegal and legal immigration, targeting visa programs and seeking to restrict refugee resettlements. During his 2024 campaign, Trump has vowed to carry out the “largest domestic deportation operation in American history” to combat what he claims is an “invasion of our country.”

Persons: Donald Trump, ”, Dana White, “, ‘ Dana, Trump, it’s, I’ve, Joe Biden’s, Sarafina Chitika, ” Trump, White supremacists, Biden, Adolf Hitler, Mein Organizations: CNN, UFC Locations: Washington, Mexico, Ohio

☆ How China could take Taiwan without even needing to invade
▼ + stars: | 2024-06-21 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

“China has significantly increased pressure on Taiwan in recent years, stoking fears that tensions could erupt into outright conflict. China’s escalating gray zone tactics were on stark display this week as China Coast Guard vessels clashed with Philippine Navy boats in the South China Sea. In the 24 hours ending at 6 a.m. Friday, 36 Chinese military aircraft crossed into Taiwan’s air defense identification zone, Taiwan’s Defense Ministry says. Meanwhile, a quarantine, rather than a blockade, would not require China to close or restrict access to the Taiwan Strait, the CSIS report notes. Under its claims that Taiwan is Chinese territory, Beijing could require customs declarations to be filed before vessels can call in Taiwan.

Persons: CNN —, Beijing’s, Xi Jinping’s, Bonny Lin, Brian Hart, Matthew Funaiole, Samantha Lu, Tinsley, stoking, Adm, Dong Jun, ”, Dong, China’s, “, Joe Biden, Rong Xu, Carl Schuster, ” Schuster, Alessio Patalano, Sidharth Kaushal, Patalano Organizations: CNN, Communist Party, Center for Strategic, International Studies, China Coast Guard, CSIS, TAIWAN, GUARD, People’s Liberation Army, PLA, Chinese Defense, Philippine Navy, Taiwan Relations, White, PLA Navy, Maritime Safety Agency, Taiwan’s Defense Ministry, Bloomberg, Getty, “, Pacific Command’s Joint Intelligence Center, Taipei, King’s College, Taiwan’s Ministry of Economic Affairs, Imports, Royal United Services Institute Locations: Taiwan, Ukraine, China, Washington, United States, Pengjia, Beijing, Singapore, South China, Manila, Second, Philippines, Taiwan’s, Taiwan Strait, Port, Taichung, Kaohsiung, London, Covid

☆ Oil prices on track for weekly gain on solid demand outlook
▼ + stars: | 2024-06-14 | by ( ) www.cnbc.com time to read: +1 min

Oil prices fell on Friday but were on track for their first weekly gain in four weeks as markets assessed the impact of higher-for-longer U.S. interest rates versus solid outlooks for crude and fuel demand this year. Brent crude futures were down 72 cents, or 0.87%, to $82.04 a barrel at 0100 GMT. In a see-saw week, oil prices rallied after the Organization of Petroleum Exporting Countries stuck to a forecast for relatively strong growth in global oil demand for 2024 and Goldman Sachs projected solid U.S. fuel demand this summer. Further buoying the market, Russia pledged to meet its output obligations under the OPEC+ pact, after saying it exceeded its quota in May. This should see the crude oil market remain well supported over the next 18 months," ANZ analysts said in a client note.

Persons: Goldman Sachs Organizations: Brent, West Texas, Organization of Petroleum, OPEC, ANZ, U.S . Federal Reserve, Fed Locations: Russia, OPEC, China

☆ Currency market steadies ahead of U.S. inflation test, Fed decision
▼ + stars: | 2024-06-12 | by ( ) www.cnbc.com time to read: +3 min

Economists polled by Reuters expect headline consumer price inflation to ease to 0.1% from 0.3% last month, and core price inflation to remain steady on the month at 0.3%. Powell is likely to strike a relatively dovish tone at the press conference, however, given disappointing growth indicators since the last Fed meeting, Williams said. Japanese wholesale prices rose 2.4% in the year to May, Bank of Japan data showed on Wednesday, beating market forecasts for a 2% increase. The yen held steady at 157.16 per greenback after slipping to its lowest since June 3 at 157.40 the previous day. While Japan's central bank will likely discuss bond buying cuts to pre-empt yen selling pressure, dollar/volatility this week largely depend on Wednesday's U.S. CPI and Fed meeting, he added.

Persons: Jerome Powell's, Kieran Williams, Powell, Williams, Emmanuel Macron's, Sterling, Wei Liang Chang, bitcoin Organizations: U.S, Consumer, Fed, Reuters, Asia FX, InTouch, Bank of Japan, Bank of, DBS, CPI Locations: Czech, U.S, Asia, Bank of Japan

☆ GameStop: Why this meme stock frenzy is different from 2021
▼ + stars: | 2024-06-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Meme stock mania is back. Meme stocks saw a resurgence last month after Keith Gill, an investor who helped stoke the meme stock frenzy in 2021, made his first post on X in three years. For many traders who experienced the original meme stock craze, the phenomenon has prompted a wave of deja vu. Still, there are key differences between the reignited 2024 meme stock craze and the original in 2021. While GameStop shares have surged in recent weeks, it is still down 65% from its record high closing price in 2021.

Persons: Keith Gill, ” Gill, Gill, —, that’s, Craig Sarembock, ”, Joe Biden, Donald Trump, Trump, Biden, Samantha Delouya, That’s, Elon Musk, OpenAI, Hanna Ziady, ” Musk, Apple Organizations: CNN Business, Bell, New York CNN, stoke, GameStop, CNN, Federal Reserve, Bartlett Wealth Management, Global, ExxonMobil, Chevron, ConocoPhillips, EOG Resources, Schlumberger, Apple, SpaceX, Bluetooth, OpenAI, Developers Locations: New York, United States, OpenAI

☆ 'Put it to rest': DOJ shoots down House Republican conspiracy that it controlled Trump NY case
▼ + stars: | 2024-06-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

But Uriarte said there is no evidence showing any coordination between the federal government and Manhattan District Attorney Alvin Bragg, who brought the hush money case against Trump. The DOJ conducted a "comprehensive" search for communications between its leaders and the Manhattan District Attorney's office about any investigation or prosecution of Trump from Jan. 20, 2021, through his May 30 conviction in New York, Uriarte said. "The District Attorney's office is a separate entity from the Department. The Department does not supervise the work of the District Attorney's office, does not approve its charging decisions, and does not try its cases," he said. "The Department has no control over the District Attorney, just as the District Attorney has no control over the Department."

Persons: General Merrick Garland, General Carlos Uriarte, Jim Jordan, Donald Trump, Joe Biden, Uriarte, Attorney Alvin Bragg, Trump Organizations: Department of Justice, Department, CNBC, The, of Justice, Republicans, DOJ, Manhattan, Attorney, Trump, Manhattan District, Jan, District Attorney Locations: Washington ,, New York, Ohio, York

☆ Hezbollah Says Commander Was Killed in an Israeli Strike in Southern Lebanon
▼ + stars: | 2024-06-11 | by ( Ephrat Livni | More About Ephrat Livni | ) www.nytimes.com time to read: +3 min

Hezbollah said on Tuesday that Israeli forces killed one of its commanders in a strike in southern Lebanon, stoking concerns about escalating the conflict on another Israeli front. But the group has not referred to a dead fighter as a “commander” since January, when Wissam Hassan al-Tawil, a commander in the group’s Radwan unit, was killed in a strike. The Israeli military did not immediately comment on the strike. On Tuesday, the Israeli military said that Hezbollah had fired about 50 rockets into Israel from southern Lebanon. Answering calls by Hamas to open a second front a day after its deadly assault on Israel, Hezbollah launched attacks into Israel on Oct. 8.

Persons: Taleb Abdallah, Abu Taleb, ”, Wissam Hassan, Abdallah’s, Benjamin Netanyahu, Hassan Nasrallah, Euan Ward, Matthew Mpoke Bigg Organizations: Tuesday, Israel, The United Nations Locations: Lebanon, Israel, Gaza, Iran, ”

☆ AI just catapulted Nvidia into the $3 trillion club at lightning pace
▼ + stars: | 2024-06-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Nvidia just joined the $3 trillion club along with Microsoft and Apple. Jensen Huang has the AI boom to thank for that. Nvidia's chips are in hot demand from AI and tech companies, stoking a euphoric bull run. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's a message that Nvidia believers appear to have lapped up, too.

Persons: Jensen Huang, — Organizations: Nvidia, Microsoft, Apple, Service, Investors, Business Locations: Santa Clara

☆ Fake News Reports and Videos Seek to Undermine the Paris Olympics
▼ + stars: | 2024-06-03 | by ( Julian E. Barnes | Steven Lee Myers | ) www.nytimes.com time to read: 1 min

With its athletes barred from competing in the Summer Olympics under the country’s flag, Russia has turned its fury on the Games and this year’s host, Paris. Russian propagandists have created an hourlong documentary, spoofed news reports and even mimicked French and American intelligence agencies to issue fake warnings urging people to avoid the Games, according to a report released on Sunday by Microsoft. The report details the disinformation campaign created by a group the company calls Storm-1679. The campaign appears to have accelerated since March, flooding social media with short videos raising alarms about possible terrorist attacks and stoking fears about safety. The operation, while aimed at the Games, is using various techniques to spread disinformation that could also be employed in European and U.S. elections.

Organizations: Games, Microsoft, Storm Locations: Russia, Paris, American

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