DIRS.INFO The most relevant business & tech news

The team has been under a cloud of suspicion since The New York Times reported in April that 23 swimmers tested positive for a banned heart drug before the 2021 Tokyo Games. The issue has also prompted a diplomatic spat between the U.S. on one side and China, the International Olympic Committee (IOC) and the World Anti-Doping Agency (WADA) on the other. "Chinese swimmers are clean and have never feared testing," the spokesperson said. Adam Pretty / Getty ImagesThe impact of testing aside, Chinese swimmers are also worried the situation could affect their once-friendly exchanges with foreign competitors. "No matter how much World Aquatics tried to mess with the Chinese athletes’ mindset before, they still broke the world record!"

Persons: Zhanle, Pan Zhanle, Jonathan Nackstrand, Catherine Ordway, Pan, Adam Pretty, China’s, Ordway, WADA, Witold Banka, Sen, Marsha Blackburn, Erriyon Knighton, commenter, Pan’s, I’m Organizations: Olympics, Paris Olympics, Getty, New York Times, Doping Agency, Paris Games, U.S, International Olympic Committee, NBC News, Aquatics, NBC, International Testing Agency, University of Canberra, FBI, Justice Department, White House, Times, The, ’ Commission, Olympic, Games Locations: HONG KONG, China, AFP, Paris, France, Russia, Sochi, U.S, Australian, Salt Lake City, Utah, United States, Weibo

☆ China doping controversy casts a shadow over Olympic swimming
▼ + stars: | 2024-08-01 | by ( Simone Mccarthy | Andrew Mcnicol | ) edition.cnn.com time to read: +8 min

The global sports doping watchdog World Anti-Doping Agency (WADA) accepted the assessment without an appeal. Concern only deepened Tuesday, after WADA acknowledged a separate 2022 case in which two Chinese swimmers tested positive for “trace amounts of a prohibited substance metandienone,” a banned anabolic steroid. “I feel so wronged,” said Zhang, denying that Chinese swimmers engaged in doping. The 2022 case, reported by the Times earlier this week, involves a swimmer on the Chinese roster in Paris, according to the paper. Personally, I believe that seven doping tests in one day might have disrupted our Chinese swimming team,” Gao wrote on Weibo.

Persons: Zhang Yufei, Zhang, ”, WADA, CHINADA –, Travis Tygart, “, it’s, CHINADA, Pan, Jonathan Nackstrand, China’s Pan Zhanle, Gao Min, Qin Haiyang’s, ” Gao, Yu Liang, they’ve Organizations: Hong Kong CNN —, Paris Olympics, Tokyo, China’s, Doping Agency, Tokyo Games, New York Times, ARD, Times, CNN, Getty, Aquatics, Paris Olympic, ’, China national, commentors Locations: Hong Kong, China, United States, Australia, Beijing, Paris, AFP, Tokyo, Weibo, France

Learn moreThe LG G4 is one of the most stunning premium displays I've tested. Judged against other 2024 models, the LG G4 is easily one of the best TVs you can buy for top-notch image quality. But the G4 is technically the best OLED TV LG has ever made. LG 65-inch G4 OLED 4K TV The G4 is one of the most impressive OLED TVs we've tested, but its benefits over last year's more affordable G3 are subtle. Steven Cohen/Business InsiderThe LG G4 delivers high-end image quality that's a clear step above cheaper TVs.

Persons: It's, HLG, Steven Cohen, I'm, you'll, steadying, it's, webOS Organizations: Business, LG, Amazon, Walmart, Dolby, HLG Smart, Sony, Samsung, Google, Disney, Luna

☆ Olympic swimming: Four takeaways from a thrilling night
▼ + stars: | 2024-07-31 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +6 min

Ledecky broke her own Olympic record set three years ago in Tokyo by more than five seconds and finished 10 seconds ahead of France’s Anastasiia Kirpichnikova, whose finish had the home nation fans in full voice. Marchand set an Olympic record in the 200m breaststroke. Maddie Meyer/Getty ImagesHe never looked bothered in the 200-meter breaststroke, setting yet another Olympic record as he cruised to victory. First world record set in the Paris poolThe pool at La Défense Arena has been described as slow by some of the swimmers in Paris. Pan of China reacts after setting a new world record - first swimming world mark of the Paris Games.

Persons: Katie Ledecky, Ledecky, Kirpichnikova, Quinn Rooney, “, I’m, ” Ledecky, Marchand, Léon Marchand, Kristóf Milák, Maddie Meyer, ”, Ueslei Marcelino, Pan Zhanle, Pan, Huske, Sarah Sjöström, Sjöström, Hong Kong’s Siobhan Bernadette Haughey, Sarah Stier, ” Sjöström Organizations: France CNN —, Games, Défense, La Défense, Paris Games, Reuters, La Locations: Nanterres, France, French, Tokyo, France’s, exultation, American, Montreal, Paris, China, Doha, Qatar, Lane, Huske

☆ José Torres Gil makes BMX history for Argentina during ‘best final ever’ at Paris Olympics
▼ + stars: | 2024-07-31 | by ( George Ramsay | ) edition.cnn.com time to read: +5 min

Place de la Concorde, Paris CNN —Triumph and tragedy are everywhere you look at the Olympics, and the men’s BMX park final on Wednesday had a surfeit of both. Martin crashed on both of his runs, his title defense wilting in the Paris heat, while Jeanjean recovered superbly on his second run to take a hard-earned bronze medal. As for the triumph, take José Torres Gil, the Argentinian rider who won his country’s first individual gold medal in a cycling discipline with a stunning initial score of 94.82. Great Britain’s Keiran Reilly took silver after packing trick after trick into his second run, hauling himself above Jeanjean with the final act of the competition. “It’s not easy at all when you’ve been training day-in, day-out for a year and you fall on the first trick, the first run,” Jeanjean said.

Persons: – Australia’s, Logan Martin, France’s, Anthony Jeanjean –, Martin, Jeanjean, José Torres Gil, “, ”, Torres Gil, Britain’s Keiran Reilly, Anthony Jeanjean, Markus Gilliar, Torres, –, that’s, Kieran Reilly, Alex Broadway, you’ve, ” Jeanjean, ” Torres, Reilly, Marcus Christopher, Justin Dowell Organizations: Concorde, Paris CNN —, Olympics, Urban Sports, Tokyo Olympics, Frenchman, Games, Getty, Pan American Locations: Paris, sprawled, Europe, Tokyo, American

☆ European markets set to start the new trading week higher as earnings season continues
▼ + stars: | 2024-07-29 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European markets were poised to open higher Monday as investors digest U.S. inflation data and look ahead to another busy week of earnings and central bank meetings. The pan-European Stoxx 600 closed higher on Friday as a global stock selloff eased and investors reacted to a U.S. personal consumption expenditures price print that came in in line with expectations. The slew of earnings releases continues this week, with Heineken, Philips, Pearson and Associated British Foods all reporting during the session. Asia-Pacific markets climbed on Monday, with Japan's Nikkei 225 leading gains in the region as the U.S. inflation print raised hopes for a rate cut. U.S. stock futures, meanwhile, were also higher ahead of a continued slew of corporate earnings stateside.

Organizations: Heineken, Philips, Pearson, British Foods, Federal Reserve, Bank of England, Japan's Nikkei Locations: Asia, Pacific

☆ Black women are joining forces to support Kamala Harris’ presidential bid. Here’s what that looks like
▼ + stars: | 2024-07-28 | by ( Nicquel Terry Ellis | ) edition.cnn.com time to read: +8 min

Thousands of Black women organizers across the country are mapping out voter registration efforts and planning conference calls, campaign events and fundraisers. Harris herself has been working to reach Black women voters with stops at Black sorority conventions in recent weeks. “These are Black women values.”Harris is an alumna of Howard University, a historically Black institution. Eaddy said Black women are expecting this form of “dog whistle politics” and are prepared to defend Harris. She said she expects Black women will have a significant impact on voter turnout in November.

Persons: Jotaka Eaddy, Joe Biden’s, Eaddy, Biden, Kamala Harris, Harris, ” Eaddy, Harris ’, ” Harris, ”, Shavon Arline, Bradley, you’ve, ” Arline, Jasmine Crockett, Donald Trump, Crockett, ” Crockett, “, isn’t, Tamika Mallory, ” Mallory, SSRS, Trump, Tim Burchett, CNN’s Manu Raju, Trump’s, Ohio Sen, JD Vance, CNN’s Jim Acosta, Keisha Lance Bottoms, “ I’m, ” Bottoms, Andra Gillespie, ” Gillespie, Black Organizations: CNN, Win, Women, Alpha Kappa Alpha Sorority, Inc, Democratic Party, Black, Zeta Phi Beta Sorority Inc, Zeta Phi Beta, Pan, Hellenic Council, Democratic, National Council of Negro, Howard University, Texas Democratic, Harris ’, Harris . Tennessee Republican, Fox, Atlanta, Emory University, Biden Locations: South Carolina, Dallas, Indianapolis, Harris, Gaza, Harris ., HBCUs

☆ European stocks head for mixed open as selloff eases; U.S. inflation data due
▼ + stars: | 2024-07-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Overall, Stoxx losses have eased from last week, when the regional index recorded its worst performance since October. LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. inflation. The biggest item on the data front Friday is the U.S. personal consumption expenditures price index, due at 8:30 a.m. Asia-Pacific markets largely rebounded Friday, as Tokyo's headline inflation slowed slightly to 2.2% in July from 2.3% in May.

Persons: Kamala Harris, Wall, Dow Jones, Mercedes, Stellantis Organizations: New York Stock Exchange, LONDON, Mercedes Benz Locations: U.S, Asia, Pacific, .

☆ Zhiying Zeng: 38 years after ending Olympic dream in China, this ‘table tennis grandma’ will represent Chile at Paris 2024
▼ + stars: | 2024-07-26 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

CNN —Zhiying Zeng’s eyes begin to sparkle and her gestures become more animated as she recounts the day her lifelong Olympic dream came true. Even in China, by far the world’s most dominant table tennis nation, Zeng’s talents were evident from an early age. When she was 16, she was called up to the Chinese table tennis team for the first time. Finally, 38 years after she gave up on her Olympic dream, Zeng qualified for Paris 2024 at a pre-Olympic qualifying tournament in Lima, Peru, in May this year. “Calm, calm,” Zeng, who says mental fortitude is her biggest asset in table tennis, repeated to herself.

Persons: Zeng, ’, Tania ’ –, –, empanadas, “, Chile Zeng, ”, Rodrigo Arangua, Daniela Ortega, Paulina Vega, Luisa Gonzalez, Reuters “, ’ ”, ” Zeng, Tia Tania ’ –, Tania –, Zeng isn’t, Gabriel Boric, Mariana Sahakian, Zeng’s, “ You’ve Organizations: CNN, Paris, Chile –, CNN Sport, Getty, Games, Pan American, Reuters, Tennis Federation, AP, Pan Am, Olympic Locations: China, Asia, Chile, Chilean, Guangzhou, AFP, Seoul, Arica, –, Iquique, Santiago, Lima , Peru, Lima

☆ How Visa employed artificial intelligence to check $40 billion in fraud as scammers also take to AI
▼ + stars: | 2024-07-26 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Payments giant Visa is using artificial intelligence and machine learning to counter fraud, James Mirfin, global head of risk and identity solutions at Visa, told CNBC. The company prevented $40 billion in fraudulent activity from October 2022 to September 2023, nearly double from a year ago. Fraudulent tactics that scammers employ include using AI to generate primary account numbers and test them consistently, said Mirfin of Visa. We do about 300 billion transactions a year," Mirfin told CNBC. It's looking at a range of different attributes and we're evaluating every single transaction," Mirfin said.

Persons: James Mirfin, Mirfin Organizations: Visa, CNBC, PAN

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

☆ Europe stocks set to open lower amid global downturn; earning season ramps up
▼ + stars: | 2024-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Unilever headquarter building seen by the Nieuwe Maas river in Rotterdam. LONDON — European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus. The U.K.'s FTSE 100 was last seen opening 19 points lower at 8,132 points, according to IG data, with Germany's DAX and France's CAC 40 down by 80 points and 45 points, respectively. The pan-European Stoxx 600 index closed 0.6% lower on Wednesday as second-quarter earnings season ramped up. Data will be released on German consumer confidence and euro zone and U.K. business activity, ahead of next week's euro zone gross domestic product second-quarter print.

Persons: Germany's DAX, carmakers Stellantis, Roche Organizations: Unilever, LONDON, CAC, MIB, Nestle, carmakers, Renault, Nasdaq, Deutsche Bank, Nikkei, U.S, Reuters, Bank of Locations: Rotterdam, Swiss, U.S, Asia, Pacific, Bank of Japan

☆ 5 beauty trends I'd never follow after working as a hair and makeup artist for over 6 years
▼ + stars: | 2024-07-24 | by ( Meredith Schneider | ) www.businessinsider.com time to read: +1 min

I worked as a hair and makeup artist for over six years, so I've seen my fair share of trends. I'm not a fan of the wet-hair look or slicking my hair back into a tight little bun. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Luckily, I was a hair and makeup artist for over six years and still sometimes work with clients, so I have an eye for beauty trends. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ U.S. Olympian cheat sheet: Top athletes to watch in Paris beyond the best-known stars
▼ + stars: | 2024-07-24 | by ( Alex Andrejev | ) www.nytimes.com time to read: +20 min

He won gold at the 2023 Pan American Games in Santiago, Chile, to qualify for the Paris Olympics. Judo — Maria LabordeLaborde, 33, is the highest-ranked U.S. judoka qualified for the Paris Games — at No. He won gold at the 2023 Pan American Games and qualified in speed climbing for the Paris Games, his first Olympics. Carissa Moore participates in a training session ahead of the Paris Olympics this week in Teahupo’o, French Polynesia. Knibb obtained quotas in both triathlon and road cycling for the Paris Games, which will make her a rare multi-sport Olympian.

Persons: Simone Biles, Katie Ledecky, LeBron James, Barry, Kareem Maddox, Dylan Travis, Dearica Hamby, Rhyne Howard, Cierra Burdick, Hailey Van Lith, Casey Kaufhold, Kaufhold, she’s, Luann Ryon, Dean Alberga, Anita Alvarez Alvarez, Alvarez, Andrea Fuentes, Fuentes, Beiwen Zhang Zhang, She’s, Zhang, Kelly Cheng Cheng, nee Claes, Sarah Sponcil, Cheng, Sara Hughes, They’re, Brazil’s Ana Patricia Silva Ramos, Eduarda “ Duda ” Santos, United States ’ Taryn Kloth, Kristen Nuss, Jahmal Harvey Harvey, USA’s, Harvey, — Victor Montalvo Montalvo, Montalvo, Boy Victor, ”, Paris Victor Montalvo, He’ll, Kenzo Tribouillard, — Nevin Harrison Harrison, Casey Eichfeld, Jennifer Valente Valente, Valente, Andrew Capobianco Capobianco, Michael Hixon, Capobianco, Carson Tyler, Mike Ruiz, Delaney Schnell, Jessica Parratto, — McLain Ward Ward, Ward, Sapphire, — Lee Kiefer Kiefer, Gerek Meinhardt, Lee Kiefer, Matthias Hangst, Amanda Golini, Ashley Hoffman, Golini, Hoffman, — Maria Laborde Laborde, Laborde, Jess Davis Davis, Meghan Musnicki, Lisa Schlenker’s, Musnicki, Kevon Williams Williams, Williams —, Houston —, Kevon Williams, Yong Teck Lim, Daniela Moroz Moroz, Moroz —, —, — Vincent Hancock Hancock, he’s, Al Oerter, Carl Lewis, Michael Phelps, TeamUSA.com, Jagger Eaton Eaton, Tom Schaar, Eaton, Sam Watson Watson, Carissa Moore Moore, Moore, Carissa Moore, Jerome Brouilett, Lily Zhang It’s, China, — CJ Nickolas Nickolas, Jessica Stevens, — Taylor Knibb Knibb, Knibb, — Jordan Larson Larson, Toru Hanai, Maggie Steffens Steffens, Steffens, Flav, Olivia Reeves Reeves, Reeves, — Aaron Brooks, Brooks, David Taylor, Spencer Lee, Lee, Iran’s Hassan Yazdani, Aaron Brooks, Fabrice Coffrini Organizations: Paris Olympics, Olympic, Paris Games, BYU, Games, Tokyo Games, Getty, Badminton, USA, USC, Trojans, Eduarda “ Duda ” Santos Lisboa, United, U.S, Pan American, USA Boxing, Red Bull, Paris, Madison, U.S . Olympic, Tokyo, Athens Games, Beijing, University of Kentucky, FIH, Team USA, Pan American Games, NBC Sports, Rio, Rugby, rugby, Olympics, Fiji, New Zealand, HSBC SVNS Singapore, USA.com, Los Angeles Games, X, —, Tokyo Olympics, Nebraska, Sydney Games, Beijing Games, Brazil, Team USA’s Locations: Paris, Tokyo, U.S, women’s recurve, Berlin, Russia, Ukraine, Budapest, Barcelona, China, Indonesia, Mexico, United States, Santiago , Chile, Belgrade, Serbia, Florida, AFP, Rio, Japan, Athens, Ranchi, India, Germany, Lima , Peru, Cuba, London, Houston, Wujiang, Hawaii, Teahupo’o, French Polynesia, Beijing, Penn

☆ 3 easy recipes to help you cut down on ultra-processed foods, by a dietitian who has written a book on the topic
▼ + stars: | 2024-07-24 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +12 min

Read previewDietitian Nichola Ludlam-Raine helps people cut down on ultra-processed foods while still enjoying their lives. AdvertisementIn her new book, "How Not to Eat Ultra-Processed," published in the UK and Germany on July 18, Ludlam-Raine offers a selection of recipes to help people achieve that. It's a delicious one-pan option for a weekend brunch, nutritious lunch, or supper when you have the time to cook," Ludlam-Raine said. Add the onion and pepper to the pan and cook for about 10 to 12 minutes, stirring often, until the vegetables start to soften. I have included various suggestions for toppings to help make it family-friendly (not everyone likes chile) and to encourage diversity.

Persons: —, Ludlam, Raine, Raine —, Joe Woodhouse, Cook Organizations: Service, Business, Ludlam Locations: Germany, Ludlam, udon

☆ The Secret to Great Korean BBQ Is Not What You Think
▼ + stars: | 2024-07-24 | by ( Eric Kim | ) www.nytimes.com time to read: 1 min

In my house growing up, Korean-barbecue clothes were a set of raggedy T-shirts and sweatpants reserved for nights when we were grilling at home — and by grilling at home, I mean indoors. My family would grill meat right at our round, lacquered dining table. In the center sat a portable butane stove, topped with a three-foot domed wheel of steel, a heavy black pan made by a metalworker friend of my mother’s. A spaceship-looking thing, it sat perfectly over the butane stove, sizzling with galbi, soy-marinated short ribs; samgyeopsal, gloriously fatty pork belly; and chadolbaegi, razor-thin slices of brisket that curled up as soon as they hit the heat. These fiery meals were precise but casual, remarkable but easy to throw together.

☆ U.S., Japan to hold high-level security talks on nuclear deterrence
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +3 min

Foreign and defense ministers from Japan and the United States will hold security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies. Foreign and defense ministers from Japan and the United States will hold security talks on July 28 that for the first time will cover "extended deterrence," a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies. U.S. Defense Secretary Lloyd Austin will also hold three-way talks with his counterparts from Japan and South Korea. The security talks with Japan will also include efforts to deepen cooperation between defense industries and upgrade command structures to improve coordination between their militaries . "These historic 2+2 talks will cement our shift from a focus on Alliance protection to one of Alliance projection," U.S. ambassador to Japan Rahm Emanuel said.

Persons: Pacific Affairs Daniel Kritenbrink, we're, Antony Blinken, Lloyd Austin, Rahm Emanuel Organizations: U.S ., U.S, State, East, Pacific Affairs, U.S . Defense, Japan, United States, Alliance, East Asia, Self Defense Forces Locations: Japan, United States, Washington, Tokyo, U.S, China, Russia, North Korea, East Asia, South Korea, Pacific, Asia

New accounts have monthly fee waived for the first 6 monthsCheck mark icon A check mark. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 /5 Icon of check mark inside a promo stamp It indicates a confirmed selection. Offer valid through September 26, 2024. up to $450 (offer valid through September 26, 2024) Pros Check mark icon A check mark. No fee overdraft protection transfers from a linked deposit accountCheck mark icon A check mark. $50 overdrawn Available Balance safety threshold and Overdraft Fee Forgiven programCheck mark icon A check mark.

☆ I spent $135 to have dinner in a cave in Bali. The food was delicious, but there are better ways to experience the island.
▼ + stars: | 2024-07-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Clift told me when we met earlier this year in Singapore. Advertisement"The Cave is arguably the most distinctive fine dining experience in Bali," Widyasari said. Amanda Goh/Business InsiderThe restaurant has 22 seats, so I made a dinner reservation a few weeks before my trip. Amanda Goh/Business InsiderGetting ready for dinnerOn the night of my visit, it was a full house. Amanda Goh/Business InsiderThe first course was a bite-sized crispy pancake topped with bechamel, truffle, and egg-yolk gel.

Persons: —, Ryan Clift, Caroline Usher, Clift, Amanda Goh, It's, it's, Gita Widyasari, Widyasari, amberjack tartare, Mille, Feuille, Turbot, Manjari, Tay Chan Yong, Tay Organizations: Service, Tippling Club, Business, Jacada, Michelin Locations: Singapore, Bali, Asia Pacific, TikTok, Uluwatu, Italian, Australian

☆ China surprises with cuts to key rates to support weak economy
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +3 min

China surprised markets by lowering a key short-term policy rate and its benchmark lending rates on Monday, in efforts to boost growth in the world's second-largest economy. Minutes later, China cut benchmark lending rates by the same margin at the monthly fixing. Following the rate cuts, China's yuan dropped to a near two-week low of 7.2750 per dollar before paring some losses. He expects more rate reductions in China after the Fed enters its rate cut cycle. China's rate cuts are aimed at "strengthening counter-cyclical adjustments to better support the real economy," the PBOC said in a statement.

Persons: Larry Hu, Ju Wang, Zhang Zhiwei, Pan Gongsheng Organizations: People's Bank of, People's Bank of China, Macquarie, Greater China FX, BNP, Federal Reserve, Xinhua, Fed Locations: People's Bank of China, Beijing, China

☆ How Biden's unpopular economic record could be a challenge for Kamala Harris
▼ + stars: | 2024-07-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

As the frontrunner for the Democratic party's nomination, Kamala Harris will have to run, for better or worse, on President Joe Biden's economic record. It will be just one challenge Harris will have to overcome to defeat her Republican opponent, former President Donald Trump . Despite historically low unemployment and macro growth that has defied long-held expectations for recession, the economy is Biden's soft spot. "I don't see a lot of daylight between her views on economic policy and those of the administration," said Mark Zandi, chief economist at Moody's Analytics , a Democrat who has advised administrations of both parties. Possible change at the Fed One area of difference between Biden and Harris could be a crucial one — the Federal Reserve.

Persons: Kamala Harris, Joe Biden's, Biden, Harris, Donald Trump, She's, Greg Valliere, she's, There's, Mark Zandi, Zandi, nonfarm, Joseph LaVorgna, Biden's, Trump, Jerome Powell, Powell, reappoint Powell Organizations: Democratic, Biden, Republican, AGF Investments, Reuters, Moody's, Democrat, Economic Council, Nikko Securities, Federal Reserve, Senate, Beacon, Advisors Locations: California

☆ Open Championship: ‘Hot headed’ Shane Lowry shrugs off cameraman clash to roar ahead but Rory McIlroy flames out
▼ + stars: | 2024-07-19 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Rivals and cameramen, make way – Shane Lowry is coming through at the Open Championship. Having narrowly survived sending his tee shot onto the train tracks that run alongside the 488-yard hole, the world No. So allowing myself to do that, without getting in your own way.”Lowry searches for his ball on the 11th hole. Owen Humphreys/PA Images/Getty ImagesMcIlroy among big stars to crash outIt was an entirely contrasting day for Northern Irishman Rory McIlroy, as the world No. With McIlroy, world No.

Persons: Shane Lowry, Lowry, “, ”, ” Lowry, Owen Humphreys, Justin Rose, Daniel Brown, I’ve, you’re, McIlroy, Rory McIlroy, McIlroy’s, ” McIlroy, Harry, “ I’ve, ” Woods, Bryson DeChambeau, Wyndham Clark, Ludvig Aberg, Viktor Hovland, – Scottie Scheffler, Xander Schauffele, Collin Morikawa, Patrick Cantlay, Jon Rahm – Organizations: CNN — Rivals, Royal Troon, Railway, PGA Tour, Northern, Troon Locations: Scotland, Northern Ireland

☆ European markets open lower as investors digest ECB decision
▼ + stars: | 2024-07-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

LONDON — European markets opened lower on Friday as investors considered the latest ECB interest rate decision. All sectors were lower, with travel and leisure stocks tumbling 2.66%, and mining stocks declining 1.93%. European markets have retreated throughout the week with the Stoxx 600 closing lower for the last four consecutive days. The picture was similar across the world, with Asia-Pacific markets declining on Friday as they followed Wall Street lower. U.S. markets closed lower on Thursday, with the Dow Jones Industrial Average snapping a six-day winning streak.

Organizations: Bank of England, LONDON, Dow Jones, European Central Bank, ECB Locations: City of London, London, United Kingdom, Asia, Pacific, U.S

Much of the week was dominated by the market rotation out of 2024 technology winners into small caps and value stocks. Sector scoreboard: Energy, financials, and real estate were the three big S & P 500 sector winners during the uneven week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, advancers, Donald Trump, Bill Newlands, we've, it's, We've, Newlands, there's, Trump, Danaher, Jim Cramer's, Jim, Michael M Organizations: CNBC, ., Nasdaq, Dow Jones, New York Stock Exchange, Trump, Communication, Constellation Brands, Corona, Modelo, Republican, Constellation, Ford, Honeywell International, Dover, Fed, Jim Cramer's Charitable, Traders, Santiago, Getty Locations: Real, China, Chipotle, U.S

☆ European markets set to open higher ahead of ECB rate decision
▼ + stars: | 2024-07-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The U.K.'s FTSE 100 was last seen up 40 points at 8,231, Germany's DAX 15 points higher at 18,464 and France's CAC up 7 points at 7,590. LONDON — European markets were headed for a higher open on Thursday as investors awaited the European Central Bank's interest rate decision. Asia-Pacific markets tumbled on the news from the chip sector overnight, with Japan's Nikkei 225 declining more than 2%. Back in Europe, the European Central Bank is expected to announce its latest interest rate decision Thursday. Markets are widely expecting the central bank to leave rates unchanged, but investors are hoping for guidance on the path ahead for monetary policy.

Persons: Boris Roessler, Germany's DAX Organizations: Getty, CAC, MIB, LONDON, Tech, Japan's Nikkei, Nasdaq, European Central Bank, Novartis, Volvo, Ubisoft, Nokia Locations: Hesse, Frankfurt, U.S, Asia, Pacific, Europe

Search resuls for: "PAN"

25 mentions found