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☆ Asia markets are mixed ahead of Fed and BOJ decisions this week; Australia and China markets closed
▼ + stars: | 2024-06-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May. This adds to the narrative the Fed doesn't have to rush to lower interest rates. Traders don't expect the Federal Open Market Committee to cut rates at its meeting this week or the next meeting in July. This week in Asia, investors will be looking at Japan's first-quarter gross domestic product numbers on Monday, followed by the Bank of Japan's rate decision on Friday. Separately, China and India's inflation numbers for May will be released on Wednesday.

Organizations: Bank of Japan, Bank of Locations: Tokyo . Asia, Pacific, Asia, China

☆ They left NYC for Bali with their teenagers. 7 years later, their sons are fleeing the nest, and they're selling the villa for $1.89 million.
▼ + stars: | 2024-06-10 | by ( Amanda Goh | ) www.businessinsider.com time to read: +9 min

Amanda Goh/Business Insider"We told them, 'One suitcase each. Amanda Goh/Business InsiderThey knew they wanted to stay near Canggu which is known for its beaches and bustling food scene. Amanda Goh/Business InsiderA cozy, eclectic homeThe couple's six-bedroom home sits in a cul-de-sac, next to a rice field that's been repurposed into a plot to grow cucumbers. The couple has one tip for those who want to build a house in Bali: Don't cut corners. Amanda Goh/Business InsiderKaman added that it might not be wise for anyone without any prior experience to take on such an ambitious project.

Persons: —, Gabi Bondor, Zoltan Kaman, It's, we'd, Bondor, Amanda Goh, Bali didn't, Kaman, aren't, it's Organizations: Service, Green School, Business, Kaman Locations: New York City, Bali, Ubud, New York, Indonesian, India, Vietnam, China, Indonesia, Asia, Canggu, Paris

☆ Euro slips to one-month low as Macron calls French election
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: +4 min

It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year. "But the exchange rate is still more likely to be influenced by this week's U.S. inflation data and FOMC meeting." The jobs data led traders to once again shift their expectations of when the Fed will cut rates and by how much. Markets are now pricing in 36 basis points of cuts this year compared to nearly 50 bps — or at least two cuts — before the jobs data. U.S. inflation data is also due on Wednesday.

Persons: Emmanuel Macron, Macron, Mansoor Mohi, Uddin, Ryan Brandham, Jerome Powell, Marc Chandler, Sterling Organizations: European Union, Federal Reserve, Bank Of Singapore, European Central Bank, Reuters, North America, Validus Risk, Bannockburn Global, The Bank of Japan Locations: European, Asia, France's, U.S, ., Bannockburn, New York

☆ Investors are ignoring a crucial risk that has Charles Schwab's global strategy chief up at night — and they'll be caught off guard as US stocks lag international equities for years
▼ + stars: | 2024-06-10 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Global stocks, as measured by the MSCI World Index, are up nearly 10% year-to-date. "I see election risks as one of — if not the biggest — risks to markets in the second half of the year." Why international stocks will best the USInvestors should hedge against the potential downsides of populism and geopolitical conflicts by owning a diverse basket of international stocks, Kleintop said. If that pattern holds, foreign firms will take the baton from US equities, which have mostly led global markets since the financial crisis. Advertisement"I wouldn't say that you would want to abandon US equities, or even abandon some of those high-flying tech or AI-related stocks," Kleintop said.

Persons: —, Jeffrey Kleintop, Charles Schwab's, Kleintop, that's, Donald Trump, it's, isn't, Tesla, we've, He'd Organizations: Service, Business, Apple, Meta, Microsoft, Nvidia, International Locations: Europe, United Kingdom, globalism, India, Mexico, Asia, Russia, Ukraine

☆ Beyond the Magnificent 7: Morgan Stanley fund manager says diversify with these 2 stocks
▼ + stars: | 2024-06-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

But this heavy focus on just a few stocks has led one portfolio manager to urge investors to diversify, naming two stocks he thinks look particularly attractive. Dunn, who also holds the title of co-head of value equity at Morgan Stanley, said other stocks offered investors "a lot of opportunity," naming two he likes. Thermo Fisher Scientific Healthcare services and biotechnology company Thermo Fisher is another favorite for Dunn, who sees it as an industry leader and "supermarket of tools and analytics." "We think [Thermo Fisher is] really ready to sort of benefit from this as the year progresses." Shares in Thermo Fisher are up around 9.5% year-to-date and 12.8% in the last 12 months.

Persons: Nvidia, Aaron Dunn, CNBC's, Dunn, Morgan Stanley, They've, BJ's Organizations: Big Tech, Apple, Meta, Microsoft, Tesla, Morgan, Value, Costco Wholesale, Walmart, Sam's, Fisher Scientific Healthcare, . Value Locations: Morgan Stanley's, U.S, Fisher

☆ CNBC Daily Open: Far right gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advanceFrench President Emmanuel Macron said he will dissolve parliament and call for a new legislative vote after his Renaissance party suffered a major defeat at the EU elections. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Korea's Kospi, Macron Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Nikkei, Markets, Nvidia, Apple Locations: Europe, freefall, Japan, Asia, Australia, Hong Kong, China

☆ Insider Today: Asia's superpower clash
▼ + stars: | 2024-06-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The latest to get in on the act: Tesla, which is selling a $450 bottle of mezcal on its website. The election result was a blow to Modi, who has governed India for a decade with an increasingly firm grip. India watchers expect the country's new government to move slower on some issues following the surprise election result. NvidiaGoing up against Nvidia is generally considered a pretty bad idea for startups in Silicon Valley. But Silicon Valley often thrives when true technologists keep hacking away at something they believe in, even if everyone else thinks it's dumb.

Persons: —, Narendra Modi, SAJJAD HUSSAIN, Modi, He'll, Jamie Dimon, Dominic Bugatto, Alyssa Powell, hawking, Goldman Sachs, Goldman, HWA CHENG, Chelsea Jia Organizations: Service, Business, Bharatiya Janata Party's, Bharatiya Janata Party, titans, UN Security Council, Southern, Southern District of, Goldman, BI, HWA, Getty Images, Nvidia Locations: India, New Delhi, China, Southern District, Southern District of Texas, Salt Lake City, Nashville, Atlanta, AFP, Silicon Valley

☆ India's race to overtake China will intensify after Modi's reelection because they have the same obsession, analyst says
▼ + stars: | 2024-06-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewIndian Prime Minister Narendra Modi this week secured a historic third term in office — and it's likely to intensify India's economic rivalry with China. Both India and China will be focused on manufacturingTo reach its goal, Modi's India will likely be going big on manufacturing. Companies are diversifying their operations outside China to avoid over-relying on one country, and India is aiming to be the new China. AdvertisementIndia's foreign policy toward China is unlikely to change following Modi's re-election, Ivan Lidarev, an Asian security scholar at King's College London, told Channel NewsAsia. "I think India has strived to position itself as a leader of the global south, and of course, China wants this position," added Lidarev.

Persons: —, Narendra Modi, David Lubin, Modi, Xi Jinping, Bharat, Lubin, Raghuram Rajan, NPR's, Rajan, It's, William Lai's, Mao Ning, Ivan Lidarev Organizations: Service, London, Business, South, Central Bank of India, EV, King's College London, West Locations: —, China, Asia, India, Vietnam, Bangladesh, Malaysia, Delhi, Taiwan, Beijing

☆ China's consumers are spending on experiences. Travel stocks to watch
▼ + stars: | 2024-06-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

In a report last week about China's consumer market potential, Bank of America Securities analysts chose hotel operator H World as one of its top picks. "We believe H World is best positioned to capture long-term growth in the China hotel industry given best-in-class execution," the analysts said. BofA rates H World a buy, and expects its U.S.-listed shares can reach $47. That's 30% above where H World shares closed Thursday. In China, H World also owns master franchisee rights for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel.

Persons: Wang Xing, Meituan, Styles, Grand, Goldman Sachs, Morgan Stanley, Wang, Neil Shen, Shen, BTG's, BTG, Trip.com, — CNBC's Michael Bloom Organizations: HSBC, Hong, Bank of America Securities, Mercure, Grand Mercure, Novotel, Travelers, BTG Hotels, Shanghai, Jefferies Locations: Hong Kong, China, U.S, Asia, Macau, Taiwan, —, Mainland China

☆ US solar producers could finally have a fighting chance as tariffs kick in on cheaper imports from Asia
▼ + stars: | 2024-06-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

AdvertisementTariffs are finally in play on cheap solar imports from Asia after a two-year moratorium on the restrictions expired on Thursday. In 2023, the Department of Commerce determined that Chinese solar was making its way into the US duty-free, despite tariffs on imports from the country. But this gave way to a flood of cheap imports, causing solar prices to crater last year. Meanwhile, solar shipments from Southeast Asian producers have not slowed, and accounted for 87.5% of US module imports in the first quarter, S&P Global said. The tariffs could eventually bring upside for US producers, and Carr indicates that a 25%-30% price correction for solar modules could materialize.

Persons: —, Mike Carr, Carr, David Feldman Organizations: Service, Solar Energy Manufacturers of America, Department of Commerce, P Global, National Renewable Energy Laboratory, Reuters, Commerce Department Locations: Southeast Asia, Asia, China

☆ America's Economic Plan Will Hurt World Economy, Global Stock Markets
▼ + stars: | 2024-06-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.

Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia

☆ Is a recession coming? Economists say look at women’s lips
▼ + stars: | 2024-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Estee Lauder chairman Leonard Lauder created the lipstick index during the economic downturn following September 11, 2001. In fall 2001, US lipstick sales increased by 11%. “The lipstick index has been substituted with the moisturizing index,” said Freda. But data shows that more expensive prestige beauty sales are outpacing mass, lower-priced beauty sales. What do you see dominating the beauty market in the second half of the year?

Persons: Estee Lauder, Leonard Lauder, Fabrizio Freda, ”, Freda, “, Sephora, Bell, Neela Montgomery, Laura Mercier, We’ve, it’s, Skincare, It’s, we’re, Inflection’s, OpenAI, Sarah Myers West, ” West, Brian Fung, Jerome Powell, Price Organizations: CNN Business, Bell, New York CNN, CNN, Federal Trade Commission, Microsoft, FTC, Justice Department, Google, Nvidia, DOJ, US Department of Treasury, OPEC Monthly, Federal Reserve, US Bureau of Labor Statistics, Signet Jewelers, Federal Locations: New York, Asia

☆ Travel news: The Tank Museum in England has a bigger YouTube following than MoMA
▼ + stars: | 2024-06-08 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In this week’s roundup of travel news, we bring you the world’s best restaurants for 2024, Disneyland’s epic expansion plans and the little museum in rural England that’s become a YouTube hit. World’s best restaurants1. This famed Barcelona eatery was one of five restaurants in Spain to make this year's World's 50 Best Restaurants list. Dubai has more “best” restaurants than any other destination in the Middle East, according to the 50 Best group.

Persons: England that’s, He’s, that’s, AirlineRatings.com, Disney World’s, Peter Pan, Francesc Guillamet Ferran, Asador, Bruno Verjus, Philippe Vaures Santamaria, Dabiz Muñoz, Diverxo, Diverxo Maido, Maido, Atomix, Evan Sung, Søren Gammelmark, Gaggan Anand, Don Julio, Pablo Domina World's Organizations: CNN, Canada House, American Airlines, Disney, Aberdeen Angus, Multicultural, CNN Travel, Finland Locations: England, New York, Paris, Normandy, Canada, Philippines, Bataan, Florida, Texas, Gulf, Asia, Pacific, Southern California, Japan, Tokyo, Disfrutar, Barcelona, Spain, Basque, Madrid, Spanish, Lima, Peru, New York City, Koreatown, Manhattan, Quintonil, Mexico, Copenhagen, Denmark, Bangkok, Thailand, Kolkata, Buenos Aires, Argentina, Hereford, Dubai, British, Soviet Union

☆ What you need to know about the giant, 'flying' spiders spreading over the eastern US
▼ + stars: | 2024-06-08 | by ( Grace Eliza Goodwin | Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

But some experts say invasive fruit flies can do more damage than the colorful Joro spider, AP News reported. AdvertisementGiant spiders migrating to the Northeast USScientists say Joro spiders are adapted to colder climates like in Pennsylvania and New Jersey. Alex Sanz/AP PhotoThough the massive creatures are venomous, they aren't dangerous to humans beyond potentially causing a swollen, red bite, Sieb told BI. Beyond their size, there's another characteristic of Joro spiders that makes them a little creepy: They can fly. AdvertisementThough they do live close to each other, Joro spiders don't seem to interact much with other individuals, per UGA Cooperative Extension.

Persons: —, Cheri Sundra, they've, David Coyle, we've, Coyle, Russell Sieb, Alex Sanz, Sieb, Jonathan Larson, They're, Jean, Philippe Tournut, It's, Alfred Hitchcock, there's, Andy Davis Organizations: Service, AP News, Business, Northeast, UGA Today, Clemson University, Clemson News, Penn, NJ Pest Control, University of Kentucky, UGA, AP, University of Georgia, UGA News Locations: Pennsylvania, New Jersey, Asia, Georgia, North America, Honshu, Japan, Maryland, NJ, New York, Baltimore

☆ India elections: Modi and his Hindu nationalist BJP have another five years in power. What does it mean for the world?
▼ + stars: | 2024-06-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

CNN —Narendra Modi has raised India’s stature on the global stage like no other recent leader of the world’s most populous country. But the election results also place Modi in a radically different position from the one he enjoyed during his first decade in power. Now, Modi’s BJP will need to answer the interests of its coalition allies – and face stronger checks from a resurgent opposition, which could dampen its Hindu-nationalist agenda. In the meantime, some observers suggest that while the election results may not have boosted Modi, they are already a boon for India’s global clout. “India coming back as a proper democracy is good for the world order in many senses,” he added.

Persons: CNN — Narendra Modi, –, Modi, ”, T.V, Paul, “, Nehru, ” Modi, Joe Biden, Pete Marovich, that’s, Washington, Farwa Aamer, assertiveness –, Justin Trudeau, Nasir Kachroo, Pakistan –, Sushant Singh, Fahd Humayun, India’s Organizations: CNN, Bharatiya Janata Party, BJP, Reuters, Japan, South Asia, Asia Society Policy, Modi . Canadian, Canadian, Yale University, Indian, Tufts University, ”, McGill University Locations: India, Delhi, United States, China, Pakistan, Australia, New York, New Delhi, Washington, Russia, Canada, Indian, American, Jammu, Kashmir, Modi’s BJP, BJP, Islamabad

☆ How the USA’s shock cricket triumph reflects a global sporting and geopolitical transformation
▼ + stars: | 2024-06-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

A national cricket team that most Americans didn’t even know they had beat one of the sport’s global powers Pakistan, for whom the game is a national obsession. “There is this pivot from global north to global south,” said Chadwick. The first ever international fixture was between the United States and Canada in 1844 in New York. The World Cup is being carried in the US on Willow TV, a streaming service that is also available on cable systems for an extra fee. The global game, soccer, has several times hubristically tried to conquer the US and it’s taken years to reach its current level with strong pro leagues the MLS and the NWSL.

Persons: didn’t, ”, Monank Patel, Corey Anderson, “ It’s, “, Peter Della Penna, Donald Trump, Narendra Modi, Simon Chadwick, “ You’ve, You’ve, It’s, Virat Kohli, Germain, LIV, Modi, Chadwick, Donald Bradman, Michael Jordan, Pakistan –, Saurabh, Milind Kumar, hubristically, it’s, Della Penna, you’re, ” Della Penna Organizations: CNN, team, Cricket, Pakistan, USA Cricket, New Zealand, Indian, , Indian Premier League, Major League Cricket, IPL, US, America, United Arab Emirates, Manchester City, Paris Saint, Formula One, Hindu, FIFA, Beijing, Bowlers, Down, England, Elite US, Willow, MLS, England’s Premier League, Manchester United, Arsenal, tailgates, Women’s National, TV, South Locations: Pakistan, United States, Caribbean, Texas, American, America, Long, , New York, India, Australia, Nassau County, Ahmedabad, Gulf, United Kingdom, Europe, East, South Asia, British, Sri Lanka, South Africa, Zealand, England, North Carolina, Manchester, Qatar, Paris, Germain . Middle, Saudi Arabia, Los Angeles, There’s, Canada, New York, Sri Lankan, California, New Delhi, China, Belgium, Commonwealth

☆ No more bus tours for China's rich millennials — they're seeing the world on their own
▼ + stars: | 2024-06-08 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

Read previewRich millennials in China are experiencing world travel in a very different way from their parents. These tours offered a safer and more accessible way to explore new destinations, Elisa Harca, CEO of consultancy firm Red Ant Asia, previously told Business Insider. New technology has made solo travel much less dauntingSocial media platforms like Xiaohongshu are the go-to place for local travel tips. BORIS HORVAT/Getty"They're a lot more used to being tourists,'' Jack Porteous of China-focused consultancy firm Tong Global told Business Insider. The rise of social media platforms for travel has also spurred the accessibility of solo travel.

Persons: —, Elisa Harca, Ant Asia, — millennials, Z, BORIS HORVAT, Jack Porteous, Tong, China's, Sally Maier, Yip, Porteous, Mark Kolbe, Getty, Maier, they've Organizations: Service, Business, Tong Global, Consulting Locations: China, China ., Europe, glamping, Inner Mongolia

☆ Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles
▼ + stars: | 2024-06-07 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Russia's President Vladimir Putin gestures as he delivers a speech during the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 7, 2024. Russian President Vladimir Putin said Friday that nearly 40% of the country's trade turnover is now in rubles as the share conducted in dollars, euros and other "non-friendly" Western currencies has fallen away. Putin said payments for Russian exports in "so-called 'toxic' currencies of non-friendly states" had halved over the last year. "With that, the share of the ruble in import and export operations is increasing, now standing at almost 40%," Putin said, according to a translation. The West has sought to cut off Russia's $2 trillion economy in response to Moscow's full-scale invasion of Ukraine in February 2022.

Persons: Vladimir Putin, Putin Organizations: Saint Petersburg, Economic, St ., Kremlin, International Monetary Fund, U.S Locations: Saint Petersburg, St, St . Petersburg, Russia, Brazil, India, China, South Africa, Asia, Latin America, Africa, Ukraine, Germany, France, Moscow

☆ U.S. economic engagement in Indo-Pacific 'isn't about China,' Commerce Secretary Raimondo says
▼ + stars: | 2024-06-07 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

watch nowAmerica's economic engagement in Indo-Pacific "isn't about China" but for strengthening U.S. presence in the region, Commerce Secretary Gina Raimondo told CNBC. President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity, involving14 countries, about two years ago, for economic and trade cooperation among the member states. Raimondo underscored the U.S doesn't stop countries in the region from deepening their own economic ties with China. "They all do trade with China, they all trade in EVs with China … that's fine." She added the U.S. was also "massively ramping" up its economic support in the region by providing technology, technical assistance and capital.

Persons: Gina Raimondo, Joe Biden, Raimondo, CNBC's Eunice Yoon, Lawrence Wong Organizations: CNBC, Prosperity, Commerce Department, Singapore's, U.S . Commerce Locations: China, U.S, Singapore, United States, Southeast Asia, EVs

☆ The U.S. added 600,000 new millionaires last year as AI fueled markets
▼ + stars: | 2024-06-07 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

America's millionaire population grew 7.3% in 2023 to 7.5 million people, according to a report from Capgemini . Their combined fortunes grew to $26.1 trillion, up 7% from 2022. Capgemini defines millionaires as those with investible assets of $1 million or more not including primary residence, collectibles or consumer durables. The number of millionaires worldwide grew 5.1% last year, to 22.8 million, according to the report. Their combined fortunes grew to a record $86.8 trillion.

Persons: Robert Frank, Elias Ghanem, Ghanem Organizations: B2m, Capgemini Research Institute, Financial Services, U.S, Nasdaq Locations: Capgemini, North America, Asia, Pacific, Europe, America, Africa, North, U.S

☆ How recent elections are shaking up investments in emerging markets like India and Mexico
▼ + stars: | 2024-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

Emerging markets investors have had a bumpy week after surprising election results seem to have caught at least some traders off guard. Between now and Nov. 5 are almost all negative potential risks in Mexico," Joshi added. Elsewhere in the world There are other lingering political issues that could affect emerging market investing. And for investors in broad emerging markets funds, even positive developments in some of these countries can be overshadowed by what happens in China. "It's a very large weight so it's going to drive the emerging market index quite a bit.

Persons: Narendra Modi, Modi, Aastha Gudwani, Angus Shillington, Shillington, Adam Turnquist, We've, Turnquist, Claudia Sheinbaum, Andres Manual Lopez, Morgan Stanley's Nikolaj Lippmann, Arif Joshi, Joshi, Sheinbaum, Lopez, Claudia, Polina Kurdyavko, Javier Milei, Alejandra Grindal, Ned Davis, Grindal, — CNBC's Michael Bloom Organizations: Indian, Bank of America India, CNBC, LPL, Lazard Asset, RBC Global Asset Management, Ned, Ned Davis Research, Federal Reserve Locations: India, Mexico, South Asia, VanEck, U.S, Morena, South Africa, Argentina, China

☆ Nvidia CEO Jensen Huang is given the rockstar treatment in AI-powerhouse Taiwan
▼ + stars: | 2024-06-07 | by ( Wayne Chang | Will Ripley | ) edition.cnn.com time to read: +6 min

Taipei, Taiwan CNN —When Nvidia surpassed Apple this week to become America’s second most valuable company, its CEO Jensen Huang was being feted like a rockstar in his birthplace Taiwan. Taiwan media has dubbed the phenomenon “Jensanity.”He’s not the only celebrity CEO in town. The United States has imposed a number of restrictions on the export of AI chips to China. Late last year, Chinese tech giants like Tencent were rushing to stockpile AI chips before those curbs took hold. “Taiwan in particular is very important to the semiconductor ecosystem.”People attend Computex 2024 in Taipei, Taiwan, on June 4, 2024.

Persons: Jensen Huang, Huang, ”, gesturing, ” He’s, Lisa Su, Pat Gelsinger, Cristiano Amon, —, isn’t, Hwa Cheng, OpenAI, ” Christopher Miller, China’s, “, CNN Huang, Computex, Lai Ching, AMD’s Su, We’ve, Joe Biden Organizations: Taiwan CNN, Nvidia, Apple, AMD, Intel, Qualcomm, Getty, “ Tech, Technology, CNN, Media, Communist Party, United, “, Chips Locations: Taipei, Taiwan, Computex, AFP, Beijing, United States, China, “ Taiwan, America, Asia

☆ Humans and Neanderthals only had sex for a brief period, but it still fundamentally changed our DNA
▼ + stars: | 2024-06-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

All humans have at least a little Neanderthal DNA, a 2020 study found. AdvertisementThen, around 75,000 years ago, Neanderthals were living in Asia and Europe when some humans started moving out of Africa. To figure out when our ancient human ancestors hooked up with Neanderthals, the researchers compared stretches of Neanderthal DNA in their genomes. For example, the researchers found both current and ancient humans have Neanderthal genes that affect metabolism, immunity, and skin pigmentation. They speculate that these characteristics may have benefited ancient humans who inherited them and then kept passing them on.

Persons: —, they've, intermingling, John Hawks, University of Wisconsin – Madison, Bill O'Leary, Max Planck, Hawks, Nikola Solic, hasn't Organizations: Service, Business, University of Wisconsin –, Smithsonian Museum, Washington, Getty, Max, Max Planck Institute, Evolutionary Anthropology, University of California, Hawks, Reuters Locations: Asia, Europe, Africa, Berkeley, West Nile

☆ Nadella, Narayen among tech CEOs investing in cricket's American dream
▼ + stars: | 2024-06-07 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

Somasegar and Nadella are among the key owners of Seattle's cricket team, named the Orcas. Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are among the executives investing in the new U.S. professional league, Major League Cricket. Other cricket investors include Iconic Ventures, Madrona Venture Group and executives from Google . As the Men's T20 Cricket World Cup , co-hosted by the U.S. for the first time, ramps up, investors have pumped nearly a billion dollars into their American ambition. Venture capitalist Anurag Jain, part owner of Major League Cricket team the San Francisco Unicorns, said the U.S. national team is primarily made up of players in the league.

Persons: Somasegar, They're, Soma Somasegar, Satya Nadella, Shantanu Narayen, Monank Patel, StubHub, Anurag Jain, Satyan Gajwani, Gajwani, Rangaswami, —, Jessica Golden Organizations: Microsoft, CNBC, Madrona, Adobe, Major League Cricket, Iconic Ventures, Madrona Venture Group, Google, U.S, team, ICC, Grand Prairie Cricket, Pakistan, Sunday, The New York Times, Venture, San Francisco Unicorns, U.S ., Times Internet Locations: Bellevue , Washington, America, U.S, Pakistan, Dallas, West Indies, India, Nassau County, New York, of India, North America, South Asia, Australia

☆ War, what war? Putin looks to woo new business partners willing to overlook its invasion of Ukraine
▼ + stars: | 2024-06-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Russian President Vladimir Putin is seen while visiting the Lakhta Center on June 5, 2024, in Saint Petersburg, Russia. Vladimir Putin visited a newly built Lakhta Center, a skyscraper of Gazprom, prior to his meetings at the Saint Petersburg International Economic Forum SPIEF 2024. Contributor | Getty Images News | Getty ImagesRussia's annual economic forum in St. Petersburg used to be known as the country's "Davos" in a nod to the World Economic Forum that's held in Switzerland every year. A view of the stand of the Russian private bank Alfa-Bank during the 27th St. Petersburg International Economic Forum in St. Petersburg, Russia on June 05, 2024. Guests from foreign countries seen during the first day of the St. Petersburg International Economic Forum 2024.

Persons: Vladimir Putin, SPIEF, Max Hess, Peter Szijjarto, There's, Vladimir Putin's, Yuri Ushakov, Putin, anders Pettersson Organizations: Lakhta Center, Saint Petersburg, Economic, Getty, St ., Economic Forum, Foreign Policy Research Institute, CNBC, Hungarian Foreign, Alfa, Bank, Anadolu, West, International Monetary Fund, U.S, Brics Locations: Saint Petersburg, Russia, Gazprom, St . Petersburg, Davos, Switzerland, Ukraine, Asia, Latin America, Africa, Eastern Europe, Slovakia, Hungary, Hungarian, St, Moscow, Russian, Germany, France, India, China, Johannesburg, South Africa

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