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☆ China's ambitions for semiconductor self-sufficiency thwarted by lack of chipmaking tools
▼ + stars: | 2024-09-27 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +5 min

Making the most advanced semiconductors requires cutting-edge lithography scanners to print the small, complex circuit designs onto microchips. But the Dutch government has banned the sale of its most advanced equipment to China. "Recreating advanced lithography systems that took ASML decades to develop and commercialize is a tall order for any individual Chinese company," Triolo said. SHANGHAI, CHINA - NOVEMBER 8, 2023 - Visitors learn about lithography machines at the booth of ASML at the 6th CIIE in Shanghai, China, November 8, 2023. Meanwhile, the U.S. is not only restricting China's access to chips, but trying to boost its own industry thus further widening the technological gap.

Persons: Huai, Leping Huang, ASML, John Lee, Paul Triolo, Triolo, Lee, Camille Boullenois Organizations: Nurphoto, Getty, Huatai Securities, East, West Futures, Technological, China, DGA Group, ., Chips, Semiconductor Industry Association, Boston Consulting Group Locations: HUAI'AN, CHINA, Jiangsu province, China, U.S, . Netherlands, SHANGHAI, Shanghai, Taiwan

☆ Argentina poverty rate soars over 50% as Milei austerity bites
▼ + stars: | 2024-09-27 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Argentina’s poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei’s tough austerity measures. The data underscores how Milei’s spending cuts, aimed at overturning a deep fiscal deficit, have caused major short-term pain. The country is in a deep recession and inflation remains in triple digits, though there are signs things are improving. ‘Any level of poverty is horrendous’Agustin Salvia, director of the UCA’s Observatory, said that there was a significant impact at the start of the year from Milei’s policies. “If you look at the whole story, it shows a deterioration in the first quarter.

Persons: Javier Milei’s, ”, Irma Casal, Agustin Salvia, Manuel Adorni, Milei Organizations: Catholic University of Argentina’s, UCA’s Locations: American, Buenos Aires

☆ Proto’s hologram boxes can beam ‘3D’ video into your living room
▼ + stars: | 2024-09-27 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —Billing itself as the world’s “first holographic communications platform,” US startup Proto is beaming life-size, “3D” video into universities, hotels and medical centers. The boxes can reproduce pre-recorded video as well as a live feed, and any 4K camera, including an iPhone, can be used as the source. Nussbaum, whose background is in radio and podcasting, started Proto in 2018. In 2023, video of actor William Shatner was beamed from Los Angeles to the Advertising Week APAC event in Sydney, Australia. A similar technology launched by Dutch company Holoconnects has been deployed at hotels in Scandinavia, and used for advertising by BMW.

Persons: CNN —, —, William Shatner, ”, David Nussbaum, Nussbaum, Holoconnects, Gary Burnett, Proto, Clay Jackson, Crystal Freeman, “ Organizations: CNN, Inc, Amazon, Verizon, Siemens, Accenture, Walmart, NFL, JFK, Beverly Wilshire, BMW, Google, HP, Cisco, MIT, Vanderbilt, Stanford, University of Loughborough, Loughborough University, West Cancer Center, University of Tennessee College of Medicine Locations: Los Angeles, Orlando , Florida, Sydney, Australia, New, Beverly Hills , California, Scandinavia, Webex, Central Florida, Memphis , Tennessee, New Jersey

☆ These are September’s top-performing S&P 500 stocks. Where analysts see them going next
▼ + stars: | 2024-09-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Most analysts think that September's top-performing stocks could continue their ascent. September is a traditionally dicey for stocks: It's the worst month of the year for the S & P 500 , according to the Stock Trader's Almanac . With October right around the corner, CNBC Pro used FactSet data to screen for this month's top-performing stocks in the S & P 500 and find out where analysts see them going next. Constellation Energy is up more than 30% on the month, making it September's second-highest performer in the S & P 500. Power company Vistra has surged nearly 196% in 2024, and it's the top performer in the S & P 500 this month.

Persons: Morgan Stanley, David Arcaro, Vistra, Jefferies, Julien Dumoulin, Smith, Raymond James, Brian Gesuale Organizations: Federal, Dow Jones, CNBC Pro, Analysts, Constellation Energy, Microsoft, Constellation, Energy, Software, Palantir Technologies, Oracle, Delta Air Lines Locations: Thursday's

☆ EEOC says Globe Life "created, condoned" a work environment that is hostile and abusive to women
▼ + stars: | 2024-09-27 | by ( Susan Antilla | ) www.businessinsider.com time to read: +10 min

Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.

Persons: EEOC, —, Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh

☆ UNGA: Inside one of the biggest security operations in America: Protecting thousands of visiting world leaders
▼ + stars: | 2024-09-27 | by ( Richard Roth | ) edition.cnn.com time to read: +3 min

United Nations headquarters CNN —It’s one of the biggest security operations in America: Protecting thousands of world leaders and their entourages at the annual high level United Nations General Assembly meeting in New York. High shots from cameras looking at nearby corners outside the UN are always on. The UN security officials said its impossible to monitor all 1400 cameras at the same time but there are personnel checking out the scene. New York police and diplomatic security are tasked with rushing long and short motorcades from hotels across Manhattan to the UN and back. UN security officials say their priority is providing a secure environment.

Persons: CNN —, It’s, They’ve, Linda Thomas, Greenfield, ” Organizations: Nations, CNN, United Nations, Assembly, UN, New York Police Department, Secret Service, New York, New York Stock Exchange, New Locations: America, New York, Manhattan

☆ Asia-Pacific markets mostly gain as China stimulus measures come into effect; Hong Kong set to rise 3%
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.

Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's

☆ One chipmaker is finally reaping the benefits of Nvidia's AI chip boom
▼ + stars: | 2024-09-27 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Micron surged over 15% after strong revenue and profit forecasts driven by AI spending. Other chip stocks also rallied on Thursday after Micron's revenue guidance. AdvertisementMicron surged over 15% on Thursday after reporting strong revenue and profit forecasts, spurred by continued artificial intelligence spending. Micron projected its next quarter's revenues to be between $8.5 billion and $8.9 billion, above the $8.3 billion analysts anticipated. AdvertisementThe chipmaker's rosy forecast is a sign that it is another winner of the AI spending boom.

Persons: —, Sanjay Mehrotra, wasn't, Matt Bryson Organizations: Micron, Service, US, Nvidia, Samsung Electronics, SK Hynix, Tokyo Locations: HBM, South Korea

The good news is that recent data suggests a decline in overdose deaths, the first significant drop in decades. Skyrocketing overdose deaths are nearly unavoidable, regardless of whether a state enforces tough penalties for drug possession or decriminalizes it. Since 2021, at least two-thirds of America’s 100,000 annual overdose deaths involved a synthetic opioid like fentanyl. Overdose deaths in the Northeast Deaths per 100,000 people Looking at regional overdose deaths shows this pattern clearly. It’s not coincidental that the exponential rise in overdose deaths has occurred in tandem with a profound increase in income inequality.

Persons: bartenders, skyrockets, didn’t Organizations: for Disease Control, National Forensic Laboratory Locations: East Coast, United States, America, East, Mississippi, Texas, Idaho, Oregon, New York City, Chicago, Rural West Virginia, Florida, West, U.S, Mexico

☆ Israeli politics swirl as Hezbollah conflict ramps up
▼ + stars: | 2024-09-27 | by ( Mick Krever | ) edition.cnn.com time to read: +10 min

“It’ll take him months on end to train for the job,” said Gadi Eisenkot, a highly respected former Israeli military chief and member of the opposition. Policy and domestic politics are impossible to separate in any democracy, but especially in Netanyahu’s Israel – and especially now. Remarkably, Netanyahu held a security consultation on Wednesday but did not invite his defense minister, an Israeli official told CNN. Hezbollah says that it’s attacking Israel in solidarity with the Palestinian people in Gaza; Israel wants to get Hezbollah to stop firing even without a Gaza ceasefire and hostage deal. With both the Philadelphi Corridor and Hezbollah, Netanyahu’s critics have questioned why, if they were so critical, he waited months to raise the stakes over those issues.

Persons: Benjamin Netanyahu, Yoav Gallant, Gideon Sa’ar, “ It’ll, ”, Gadi Eisenkot, –, Gallant, Netanyahu, Israel –, Itamar Ben, Gvir, Ben Gvir, Ben Gvir’s, Abir, ” Eyal Hulata, “, ’, ” Gallant, Baz Ratner, it’s, ” Gilad Malach, Netanyahu’s, ” Malach, Damocles, Sa’ar, Bezalel Smotrich, Ammar Awad, Reuters Eisenkot, I’m, Gallant –, Malach, Michael Shemesh, Kan, ” Shemesh Organizations: Israel CNN, CNN, Reuters, Foundation for Defense of Democracies, IDF, Israel Defense Forces, Israel Democracy Institute, National Security, Finance, General Staff Locations: Tel Aviv, Israel, Lebanon, Gaza, United States, Abir Sultan, ” Lebanon, Egypt, Israeli, New York

When my dad died, I realized life insurance was a priority, but it doesn't cover everything I need. After that ordeal, I decided to up my life insurance to ensure that my family wouldn't face the same troubles if I died unexpectedly. It was important to me that — on top of paying funeral costs — my life insurance policy also covered our home's mortgage. Unlike critical illness insurance, cancer insurance only covers costs associated with cancer. While different health insurance plans offer different treatment coverages, Aflac's cancer insurance offers supplemental coverage that covers several treatment options.

Persons: I'm, doesn't, Samantha Chavarria Samantha Chavarria, she's, Read Organizations: Cancer, Aflac, Ambulance, Houstonia, Twitter Locations: Latina, Houston

☆ Russia is considering a law to fine people thousands of dollars for promoting a 'child-free' lifestyle
▼ + stars: | 2024-09-27 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Russia is considering fines for those promoting a child-free lifestyle, according to a Putin ally. AdvertisementRussia's parliament is working on a new law that would fine people the equivalent of thousands of dollars for promoting a child-free lifestyle, according to a close ally of Russian President Vladimir Putin. He accused the so-called "child-free movement" of undermining the institution of family, which may be contributing to Russia's low birth rate. Russia's birth rate hit a 25-year low in the first half of 2024. Advertisement"A friendly and large family is the basis of a strong state," Volodin said in his Telegram post.

Persons: Putin, —, Vladimir Putin, Vyacheslav Volodin, Volodin, Nina Ostanina Organizations: Service, State Duma, Russia, Reuters, RIA Locations: Russia, Ukraine, Russian

Lebanese authorities have said that the devices used in the attacks were Gold Apollo Rugged Pager AR-924 pagers and ICOM IC-V82 walkie-talkies. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18, 2024. Yan Zhao/AFP/Getty ImagesThe chairman and founder of Taiwan-based Gold Apollo, Hsu Ching-kuang, was questioned by Taiwanese prosecutors last Thursday before being released. On its YouTube channel and website, Apollo Systems HK said that it had acquired the “sole distribution rights” to Gold Apollo pager systems. Hsu Ching-kuang (L), head of Taiwanese company Gold Apollo, speaks to the media outside the company's office in New Taipei City on September 18, 2024.

Persons: Budapest CNN — Israel, Yoav Gallant, “, Shin, Israel, Sean Moorhouse, ” Moorhouse, Mohamed Azakir, –, Gold, ICOM, Yan Zhao, Hsu Ching, Hsu, Teresa, Teresa Wu, Wu, Jakub Porzycki, Cristiana, Arcidiacono, ’, DANS, Dimitar Glavchev, Rinson Jose, Jose, Hassan Nasrallah, ” Nasrallah, ”, Hassan Ammar, Volker Türk, Pallabi Munsi, Katie Polglase, Tara John, Eyad Kourdi, Avery Schmitz Organizations: Budapest CNN, Getty, Israel, CNN, British Army, American University of, American University of Beirut Medical Center, Reuters, United Nations, UN Security, UN, International, New York Times, Consulting, Budapest, Gold, Prosecutors, BAC Consulting, Apollo Systems Ltd, Taiwan’s International Trade Administration, Apollo Systems, Apollo Systems HK, YouTube, Apollo, AA, ”, NBC News, Norta Global, Norta, Norwegian Police Security Service, Security, “ Authorities Locations: Beirut, New Taipei City, Budapest, Lebanon, Beirut's, AFP, American University of Beirut, Taiwan, Hungary, Taipei, Taipei City, Hong Kong, United States, Australia, Europe, Bulgaria, Norway, Anadolu, pagers, Sofia, Norwegian, Gaza

☆ Paris Fashion Week: The best celebrity looks
▼ + stars: | 2024-09-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

Pascal Le Segretain/Getty ImagesKylie Jenner at Schiaparelli. Neil Mockford/GC Images/Getty ImagesRob Lowe. Pascal Le Segretain/Getty ImagesNicole Richie at Saint Laurent. Pascal Le Segretain/Getty ImagesGwyneth Paltrow. Neil Mockford/GC Images/Getty Images

Persons: Kendall Jenner, Bella Hadid, Miu Miu, Louis Vuitton, Here’s who’s, Daniel Craig, Rachel Weisz, Loewe, Stephane Cardinale, Corbis, Kloss, Jacopo Raule, Jeff Goldblum, Emilie Livingston, Pascal Le Segretain, Kylie Jenner, Scott A, Willow Smith, Lila Moss, Neil Mockford, Rob Lowe, Sienna Miller, Laurent Vu, Bauer, Griffin, Anya Taylor, Joy, Natalie Portman, Christian Dior, Swan, Lauren Hutton, Saint Laurent, Marechal Aurore, Cyril Pecquenard, USA Cole Sprouse, Kelly Rutherford, Abdul Saboor, Jennifer Garner, Kate Moss, Zoë Kravitz, Saint, Aitor Rosas Sune, WWD, Juliette Lewis, Nicole Richie, Gwyneth Paltrow Organizations: CNN, Paris, Callaway, Balmain, Getty, Christian, Abaca, Dior, Saint Locations: Schiaparelli, Chloé, Saint Laurent

☆ 'Hellboy: The Crooked Man' has a gross transformation scene. It took 'a lot of rubber and a lot of lube' to make it work, the director said.
▼ + stars: | 2024-09-27 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

"Hellboy: The Crooked Man" is the character's latest reboot. Director Brian Taylor told Business Insider the scene needed "a lot of rubber and a lot of lube." Director Brian Taylor told Business Insider that he used "a lot of rubber and a lot of lube" to get it right. AdvertisementInstead, "Hellboy: The Crooked Man" takes a welcome, back-to-basics approach and leans closer to the horror genre than action and fantasy. Icon Film Distribution presents "Hellboy: The Crooked Man" in UK cinemas from 27 September.

Persons: Brian Taylor, —, Mike Mignola, Richard Corben, Jack Kesy, Martin Bassindale, Hellboy, David Harbour, Cora Fisher, Hannah Margetson, Fisher, Clive Barker, Taylor, Margetson Organizations: Business, Service, Millennium Media, Office

☆ Stocks making the biggest moves premarket: Bristol-Myers Squibb, Costco, Super Micro Computer and more
▼ + stars: | 2024-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Costco Wholesale — The membership-only retailer saw shares dip about 1% after the company missed expectations for fiscal fourth-quarter revenue. Super Micro Computer — Shares of the artificial intelligence beneficiary slipped 2%, adding to their 12% loss in the previous session. The Wall Street Journal reported that the U.S. Justice Department had opened a probe on the company. Dollar General — Shares fell 2% after Citi downgraded Dollar General to sell from neutral, saying Walmart 's increasing dominance in retail, especially on pricing, has the dollar store "on the wrong side." HP Inc. — The tech hardware stock fell about 2% after a downgrade to neutral from buy at Bank of America.

Persons: Myers Squibb, Costco, Hindenburg, Morgan Stanley, —, KeyBanc, — CNBC's Hakyung Kim, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Myers, U.S . Food, Drug Administration, Novo Nordisk —, JPMorgan, Costco Wholesale, Revenue, Street Journal, U.S . Justice Department, U.S . Securities, Exchange Commission, Wynn Resorts, Citi, Walmart, HP Inc, Bank of America, HP Locations: Bristol, U.S, Novo Nordisk — U.S, Danish

☆ An author is facing backlash for using AI to write 120 books. He says he's misunderstood.
▼ + stars: | 2024-09-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Tim Boucher has written over 120 books using AI-generated text and images. "My books allow AI models to speak for themselves, almost like the idea of an unreliable narrator in literature," he told Business Insider. AdvertisementCreative differencesTensions between AI companies and the creative industries have been bubbling since the release of AI image generators such as Midjounrey and the rise of AI-powered chatbots such as ChatGPT. AI companies, including OpenAI, are facing several similar lawsuits from groups of authors and artists. He said he thought the lawsuits would put a lot of pressure on how AI companies use licensed data, which he described as a "good thing."

Persons: Tim Boucher, —, he's, chatbots, Claude, ChatGPT, Boucher, Michael Chabon, Elon Musk's, Chabon Organizations: Service, Meta, Wild West

☆ Francis Ford Coppola's 'Megalopolis' cost $120 million and took decades to make. Critics say it's a 'spectacular catastrophe.'
▼ + stars: | 2024-09-27 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +2 min

Francis Ford Coppola's "Megalopolis" opens in theaters Friday after decades in development. The film, set in an imagined New York City, stars Adam Driver, Aubrey Plaza, and Giancarlo Esposito. AdvertisementThe saga of Francis Ford Coppola bringing his epic new movie "Megalopolis" to the big screen is almost as long and winding as the movie itself. Coppola even commissioned a symphony for the movie almost two decades before a single frame of it had been shot. The movie also stars Nathalie Emmanuel, Aubrey Plaza, Shia LaBeouf, Jon Voight, Laurence Fishburne, and Dustin Hoffman.

Persons: Francis Ford Coppola's, Adam Driver, Aubrey Plaza, Giancarlo Esposito, —, Francis Ford Coppola, Robert De Niro, Leonardo DiCaprio, Coppola, Cesar Catilina, Nathalie Emmanuel, Jon Voight, Laurence Fishburne, Dustin Hoffman Organizations: Service, Cannes Film, Lionsgate, Rotten Locations: New York City

☆ Hong Kong's New World Development shares surge 23% after CEO resigns
▼ + stars: | 2024-09-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.

Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia

☆ Kamala Harris' marijuana stance is hazier than you think
▼ + stars: | 2024-09-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Kamala Harris has previously supported federal marijuana legalization and continues to back reforms. AdvertisementAs a United States senator and 2020 presidential candidate, Kamala Harris supported not just legalizing marijuana nationwide, but expunging nonviolent marijuana-related offenses. Advertisement"I would suspect that she would probably support [legalization], but I don't know," said Democratic Sen. John Fetterman of Pennsylvania. 'I don't know whether that would be a top priority issue'There's no denying that marijuana legalization is popular. "I don't know whether that would be a top priority issue, but I do think that we will see a potential Harris administration go much farther than the Biden administration has," Fox said.

Persons: Kamala Harris, —, Joe Biden, Harris, Tim Walz, didn't, she's, that's, Biden, Donald Trump, Jim Himes, Democratic Sen, John Fetterman of, Earl Blumenauer, It's, Blumenauer, Booker, Alexandria Ocasio, Cortez, Morgan Fox, Fox, She's Organizations: Lawmakers, Service, United, Democratic Party, Spectrum News, Minnesota Gov, Marijuana, Capitol, Democratic, Rep, Oregon Democrat, Congressional Cannabis Caucus, Reinvestment, New York Democrat, Gallup, Republicans, Trump, National Organization, Congress Locations: United States, Jim Himes of Connecticut, John Fetterman of Pennsylvania, Alexandria, Florida

☆ Gold, silver head for weekly gains on U.S. rate-cut momentum
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +2 min

Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Silver prices surged due to bullion's strong performance and China's stimulus measures, though some analysts warn that the rally may fade due to concerns over industrial demand. The Federal Reserve's larger-than-usual half-percentage-point reduction last week ignited a rally in gold, which hit consecutive record highs and has gained about 1.8% so far this week. Gold prices are currently supported by anticipated U.S. Fed interest rate cuts and China's stimulus measures, both of them are weakening the dollar, said Kyle Rodda, financial market analyst at Capital.com.

Persons: Kyle Rodda Organizations: FedWatch, U.S, BMI Locations: U.S

☆ Scientists discover hidden ancient forest on treeless island
▼ + stars: | 2024-09-27 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —No trees have grown on the windswept Falkland Islands in the South Atlantic Ocean for tens of thousands of years — just shrubs and other low-lying vegetation. “It’s very sort of windswept and barren.”The Falkland Islands are a British-ruled overseas territory over which Great Britain and Argentina fought a brief war in 1982. But the story of this hidden forest goes back even further in time than the researchers initially thought. “The Falkland Islands are currently covered by grasslands and lack native trees,” Donovan added. However, the islands are unlikely to see a return to a forest landscape anytime soon, Thomas said.

Persons: Zoë Thomas, “, ”, Thomas, Michael Donovan, wasn’t, ” Donovan, Haidee, Chris Turney, what’s, Donovan Organizations: CNN, UK’s University of Southampton, Britain, Falklands, Antarctic, University of Southampton, Chicago’s, Australia’s University of New, Southern Locations: Falkland Islands, Stanley, Falkland, British, Great Britain, Argentina, Australia’s University of New South Wales, Patagonia, Antarctica, Westerly, Islas, South America

☆ Treasury yields dip ahead of key inflation data
▼ + stars: | 2024-09-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

U.S. Treasury yields were lower on Friday, with investors looking to the release of key inflation data as they weighed the state of the economy. ET, the yield on the 10-year Treasury was down by over one basis point to 3.7714%. The 2-year Treasury yield was last at 3.6021% after falling by more than two basis points. Yields and prices have an inverted relationship. One basis point equals 0.01%.

Organizations: Treasury

☆ Ocean Park Chairman discusses welcoming a pair of giant pandas to Hong Kong
▼ + stars: | 2024-09-27 | 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 EmailOcean Park Chairman discusses welcoming a pair of giant pandas to Hong KongOcean Park Chairman Paulo Pong talks about the arrival of new twin pandas at the park, and the boost they will bring to local tourism.

Persons: Paulo Pong Organizations: Ocean Locations: Hong

☆ Timmons: The economic impact of a strike could be consequential
▼ + stars: | 2024-09-27 | 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 EmailTimmons: The economic impact of a strike could be consequentialJay Timmons, President & CEO of the National Association of Manufacturers, warns that a strike could hurt manufacturers like Pfizer and Toyota by raising costs and disrupting supply chains.

Persons: Timmons, Jay Timmons Organizations: National Association of Manufacturers, Pfizer, Toyota

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