Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "briefing"


25 mentions found


Crude oil futures fell nearly 2% on Monday after OPEC cut its demand forecast for 2024 for the third time in a row. OPEC now sees demand growing by 1.9 million barrels per day in 2024, down from 2 million bpd in its previous forecast, according to a report released Monday. The group expects demand to grow by 1.6 million bpd in 2025, compared with 1.7 million bpd previously. U.S. officials told NBC News that Israel has narrowed down the targets it plans to hit. These include military targets and energy infrastructure, the officials told NBC.
Persons: Tamas Varga Organizations: Traders, NBC News, NBC Locations: China, Israel, Iran, U.S
European stocks are heading for a mixed start to the week Monday, with regional markets lacking direction after a choppy week last week. The region's major indexes closed higher on Friday as investors assessed U.K. growth figures and looked ahead to a fiscal stimulus announcement by China over the weekend. China's Minister of Finance Lan Fo'an in a press briefing on Saturday hinted at more debt issuance amid efforts to shore up the economy, stating the government had a "rather large" space to increase deficit. Asia-Pacific markets were mixed on Monday and China stocks volatile as investors assessed the weekend press briefing. Meanwhile, U.S. stock futures were little changed in overnight trading Sunday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records; Bank of America, Goldman Sachs and Johnson & Johnson report their latest results on Tuesday before the market opens, while Morgan Stanley and United Airlines are set to release results Wednesday.
Persons: Finance Lan Fo'an, Goldman Sachs, Johnson, Morgan Stanley Organizations: China's, Finance, Bank of America, Johnson, United Airlines Locations: China, Asia, Pacific
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Morgan Stanley, Wells, Stocks, Lisa Su, Su didn't, Goldman Sachs, Johnson, Jim Cramer's, Jim Organizations: CNBC, Dow, Nasdaq, Monday, Tech, Energy, Wells, Nvidia, AMD, Citigroup, Bank of America, United Health, Walgreens, Abbott Laboratories, Jim Cramer's Charitable Locations: Friday's, China
Dollar extends gains while investors parse China's stimulus plans
  + stars: | 2024-10-14 | by ( ) www.cnbc.com   time to read: +4 min
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention. The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention. "Markets are likely disappointed that China's Finance Ministry did not unveil concrete additional stimulus," said Richard Franulovich, head of FX strategy at Westpac, in a note. The yuan is down 0.9% against the dollar since Sept. 24, when the People's Bank of China kicked off China's most aggressive stimulus measures since the pandemic. The yen and euro both fell around 0.3% each, sterling shed 0.4% and the dollar index climbed 0.4%.
Persons: Lan Foan, Richard Franulovich, Christopher Wong, Christopher Waller Organizations: Federal Reserve, Finance, China's Finance Ministry, Westpac, People's Bank of China, CSI, Fed, Traders, New Zealand Locations: Asia, Japan, China, Singapore, U.S, United States
Nurphoto | Nurphoto | Getty ImagesBEIJING — China's Ministry of Finance press briefing over the weekend underscored how it is focused on tackling local government debt problems, instead of the stimulus markets have been waiting for. In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks. China's real estate market slump has cut into a significant source of revenue for local governments, many of which struggled financially even before needing to spend on Covid-19 measures. He added that a large plan to address local governments' hidden debt would be announced in the near future, without specifying when. Historically, local governments were responsible for more than 85% of expenditure but only received about 60% of tax revenue, Rhodium Group said in 2021.
Persons: Finance Lan Fo'an, Lan, Robin Xing, Morgan Stanley Organizations: Goldin Finance, Nurphoto, Getty, BEIJING, China's Ministry, Finance, Ministry of Finance, International Monetary Fund Locations: Tianjin, China, Covid
The education gap grows“The biggest single, best predictor of how someone’s going to vote in American politics now is education level. The real swing votersTo the extent that traditional swing voters are persuadable in this election, Sosnik argued they might be people like political independents or Nikki Haley Republicans. But there’s a second group of swing voters Sosnik argued is even more important. For Trump, these are non-college-educated White voters in general, particularly men, who “if they vote, you know they’re going to vote for Trump,” he said. Young voters, who are less reliable to cast ballots, also fall into this second type of swing voters, Sosnik said.
Persons: Roe, Wade, Donald Trump, Kamala Harris, Doug Sosnik, Bill Clinton’s, ” Sosnik, David Chalian, Sosnik, , “ that’s, , Louis, Joe Biden, Trump, Harris, Nikki Haley Republicans, there’s, That’s Organizations: Washington CNN —, Rural, Democrats, Democratic, CNN, Democratic Party, Republican Party, Federal Reserve Bank of St, White, Lumina, Trump, Young, “ Republicans, Republican Locations: Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona, Nevada, Utah
A federal appeals court has fast-tracked the Commodity Futures Trading Commission's case challenging the right of the event exchange Kalshi to offer U.S. political election contracts. Kalshi touted its presidential election contracts on electronic signs in New York City's Times Square over the weekend. The CFTC told the appellate court that election contracts "are susceptible to market manipulation" and also pose a risk to election integrity or how the public views the integrity of elections. Kalshi CEO Tarek Mansour, in a statement, said his company is "confident" that the law allows election contracts. As of Monday, Kalshi had booked more than $7 million in contracts on the presidential election outcome.
Persons: Kalshi, Tarek Mansour, Mansour, Donald Trump, Kamala Harris Organizations: Long, Fitness Center, Interactive, U.S, Senate, New York City's, Appeals, District of Columbia Circuit, CFTC, Washington , D.C Locations: Virginia's, Arlington , Virginia, New York, U.S, Washington ,
CNN —Donald Trump is invoking a vision of an extreme new White House term that would transform America and rock the world. And Vice President Kamala Harris has only three weeks to avert it, as she struggles to restore momentum in a neck-and-neck race to Election Day. Supporters of Vice President Kamala Harris listen to her speak during a rally at Ripon College, in Wisconsin, on October 3. With the nation in such a sour mood, Harris’ incumbency as vice president is a liability. His post underscored what Harris represents for those who fear the very real prospect of Trump’s return.
Persons: Donald Trump, Kamala Harris, Trump baselessly, Harris, , , heckler, Trump, Joe Biden, Sen, JD, genuflection, Vladimir Putin, Bill Clinton, Barack Obama —, “ He’s, Jim Vondruska, Dread, Hillary Clinton, Biden, he’s, ABC’s, it’s, Trump’s, Will Harris, Brendan Smialowski, Doug Sosnik, Harris plateaued, David Chalian, Sosnik, ” Harris, Obama, ” Obama, “ Donald Trump, Chris Murphy, ” Murphy Organizations: CNN, Republican, Sunday, Fox News, Democratic, CBS, Kremlin, Trump, Ripon College, Democrats, ABC, NBC, Electoral College, White, NBC News, Air Force, Joint Base Andrews, Getty Images, Connecticut Democrat Locations: , Ohio, Arizona, Colorado, United States, illegals, California, Covid, Russian, North Carolina, Wisconsin, Afghanistan, Pennsylvania, Michigan, Georgia, Maryland, America, Connecticut
NASA launched Europa Clipper to see if Jupiter's moon Europa could host alien life. NASA / Jet Propulsion Lab-Caltech / SETI InstituteThe NASA mission, called Europa Clipper, aims to figure out whether the Jupiter moon and its ocean could support life. The Europa Clipper spacecraft at NASA's Kennedy Space Center in Florida. NASA/Kim Shiflett"We scientists have been dreaming about a mission like Europa Clipper for more than 20 years. An artist's concept of NASA's Europa Clipper spacecraft.
Persons: , Laurie Leshin, Kim Shiflett, We've, Gina DiBraccio, Jordan Evans, Evans Organizations: NASA, Europa Clipper, Service, SpaceX, Jet Propulsion, Caltech, SETI, Europa, Jet Propulsion Laboratory, Kennedy Space Center, Clipper, JPL, Planetary Science Locations: Florida
This past Wednesday alone, he recorded 21 videos for the Harris campaign. Obama acolytes have spent the last eight years rationalizing Trump as the last gasp backlash to the Democrat and his presidency. While most of the party leaders Harris called that Sunday afternoon, including Bill Clinton, and immediately pledged support, Obama held off. Harris advisers knew Obama and former House Speaker Nancy Pelosi favored an open process to find a new nominee. And according to people who know about the conversations, he checks in with several of his own closest aides now helping run Harris’ campaign, such as current campaign chair Jen O’Malley Dillon and his own 2008 campaign manager, David Plouffe.
Persons: Barack Obama, Obama’s, president’s, Harris, Obama, Kamala Harris, Joe Biden, Donald Trump’s, He’s, he’d, Trump, rationalizing Trump, Bruce Springsteen, , Hannah Hankins, ” Obama, Kai Jones, Biden, Jones, Obama “, ” Austin Davis, It’s, Hakeem Jeffries, Michelle, Jeffries, Alexandria Ocasio, Cortez, Marie Gluesenkamp Perez, Mary Peltola, Chuck Schumer, Pennsylvania Sen, Bob Casey, Casey, Elissa Slotkin, Ruben Gallego, Josh Shapiro, Arizona Sen, Mark Kelly, he’s, Kelly, , Harris Obama, Mike Donilon, , Bill Clinton, diehards, feckless, Nancy Pelosi, Jen O’Malley Dillon, David Plouffe, she’s, Michelle Obama, She’s, Paige Mirsky, hadn’t, ” Mirsky, Eric Swanson, Swanson, Pitt, ” Amelia Staresink, Sara Kulkarni, Eve Majewski Organizations: CNN — America, CNN, Democratic, Trump, Democrat, Netflix, House, Democratic Party, , University of Pittsburgh, Washington, New, Democratic House, World Wildlife Federation, New York Rep, Washington Rep, Alaska Rep, Senate, Pennsylvania, Obama, August’s Democratic National Convention, White, Social Security, Republican Locations: Pittsburgh, Pennsylvania, New York, Washington, Alexandria, Michigan, Arizona, Buffalo, Canada, Grant Park
China plans to increase debt issuance to boost its economy. It announced plans for a new fiscal stimulus package on Saturday. AdvertisementChina has announced plans to ramp up government debt issuance in a bid to boost its economy. "We will increase support for local governments in resolving government debt risks, increase debt limits on a larger scale, and support local governments in resolving hidden debts," he said. Chinese equities rallied in September on the back of a series of easing measures announced by Beijing aimed at stimulating growth.
Persons: , Lan Fo'an, Fo'an, Huang Yan Organizations: Service, China, Asia Investment, CSI, Shanghai QiuYang, Reuters Locations: China, Beijing, Asia
BEIJING — China's Minister of Finance Lan Fo'an told reporters Saturday during a press briefing that the central government has room to increase debt and the deficit. Economists have said China needs additional fiscal support, but Beijing has yet to announce any. He did not name specific figures and noted supporting real estate required multiple policies. In a meeting in late September, led by Chinese President Xi Jinping, authorities had called for strengthening monetary and fiscal policy support. China's retail sales grew only modestly over the last few months, and the country's real estate slump has shown few signs of turning around.
Persons: Lan Fo'an, Zheng Shanjie, Pan Gongsheng, Finance Lan Fo'an, Lan, Finance Liao Min, Xi Jinping, Ting Lu Organizations: National Development, Reform Commission, People's Bank of China, National People's Congress, BEIJING —, Finance, Nomura, National Bureau, Statistics Locations: Beijing, China, BEIJING
Hurricane Milton's insured losses could cost between $30 billion and $50 billion, said analysts. AdvertisementHurricane Milton stormed Florida on Wednesday, leaving an estimated $30 billion to $50 billion of insured losses, according to analysts from Fitch Ratings in a Thursday note. Milton's insured losses could range from $30 billion to $50 billion, according to Fitch, making it the largest since Hurricane Ian in 2022, which caused $60 billion in damages. According to a September report by Moody's Analytics, Hurricane Helene's insured losses were between $20 billion and $34 billion. Fitch analysts said local insurers might face insufficient reinsurance coverage to handle the losses and drive up premium rates.
Persons: , Hurricane Milton, Milton, Alejandro Mayorkas, Fitch, Ian, Morningstar DBRS, Jefferies, Ron DeSantis, Helene Organizations: Service, Hurricane, Fitch, US Homeland, White, Morningstar, Reuters, Analytics, National Hurricane Center, Gov, Moody's Analytics, P, Global, Swiss RE Locations: Florida, Tampa, Swiss, Fitch
CNN —Concerns are mounting for the safety of United Nations peacekeeping forces in southern Lebanon amid Israel’s ground incursion, UN peacekeeping chief Jean-Pierre Lacroix warned on Thursday, after Israeli fire resulted in the injury of two UN troops. The UN Interim Force in Lebanon (UNIFIL) reported early Thursday that the peacekeepers were injured after an Israeli tank fired toward an observation tower at its headquarters in the southern Lebanese city Naqoura. “The IDF is operating in southern Lebanon and maintains routine communication with UNIFIL,” the IDF said in a statement after Thursday’s incident. UN peacekeepers have been stationed in southern Lebanon since 2006, per a mandate by the United Nations Security Council. Italy’s Prime Minister Giorgia Meloni summoned the Israeli ambassador in Rome on Thursday after what she described as “unacceptable” behavior by the Israeli forces.
Persons: Jean, Pierre Lacroix, Peace Operations Lacroix, ” Lacroix, ” UNFIL, , Farhan Haq, , Indonesian –, Wafiq Safa, Giorgia Meloni, Stefano Messina, Yoav Gallant, , Micheál Martin, Simon Harris, Foreign Affairs Josep Borrell Organizations: CNN, United Nations, UN, UN Security, Peace Operations, UN Interim Force, Israel Defense Forces, UNIFIL, IDF, Indonesian, United Nations Security Council, Hezbollah, Italy’s, Israel’s, Italian UNIFIL, Irish, European Union High Representative, Foreign Affairs Locations: Lebanon, Iran, Lebanese, , Naqoura, Israel, Beirut, Italy, France, Ireland, Rome, Italian, ” France, EU
Chinese stocks are poised for a huge run-up in the next year, according to Renaissance Macro's Jeff deGraaf. Other notable investors have been looking to buy the dip in Chinese stocks amid continued stimulus efforts. Other traders on Wall Street have shown interest in buying the dip in Chinese equities, despite fear that Beijing's economic slowdown could stick around. Other strategists on Wall Street have made bullish calls on Chinese equities in recent weeks, with eyes on continued stimulus measures in Beijing. Goldman Sachs predicted China's stock market could rally another 20%, thanks to "more substantial policy measures" and Chinese stocks being oversold, strategists said in a note.
Persons: Jeff deGraaf, , deGraaf, Beijing didn't, Mario Draghi, Michael Hartnett, Yuan Wei, Yuan, Goldman Sachs Organizations: Service, Macro, CSI, Bloomberg, Beijing, Investors, Bank of America, Investment Fund Management Co Locations: , Beijing, China, Wall, Shenzhen, Hong Kong
With all eyes on China right now, one fund manager is bullish on the country regardless of any "bazooka" stimulus measures, saying investors should be getting involved. Starting on Sept. 24, China announced a string of stimulus measures aimed at boosting China's economy . Stephen Roach, for example, former chief economist at Morgan Stanley, warned investors against being too swept up in the China market rally . 'Starting point' For those looking to invest in China, Glass said a good "starting point" was Midea Group , which makes appliances and industrial robots. Analysts' average price target is 4.49 Hong Kong dollars, which gives the stock almost 30% potential downside from its current price around 6.40 Hong Kong dollars.
Persons: Steven Glass, Glass, hasn't, CNBC's, Stephen Roach, Morgan Stanley, Midea Organizations: Sydney, Pella Funds, Investors, National Development, CSI, HSBC, Generations Fund, Midea Group, China Equity, Hong, Garden Services Holdings Locations: China, Pella, Hong Kong, Shenzhen, U.S, Hong
Signage for Bank of Korea is displayed atop the central bank's headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. SINGAPORE — Asia-Pacific markets opened mostly higher Friday, breaking ranks with Wall Street that saw key benchmarks slide as investors digested a sticky U.S. inflation report. Investors in Asia are also focused on policy decisions from the Bank of Korea on Friday. South Korea's central bank is expected to deliver its first rate cut since March 2022, according to a Reuters poll, bringing down its benchmark interest rate by 25 basis points to 3.25%. The highly anticipated briefing session is expected to unveil fresh fiscal stimulus package as Beijing attempts to boost its economy.
Organizations: Bank of, Investors, Bank of Korea, China's Ministry of Finance Locations: Bank of Korea, Seoul, South Korea, South Korea's, SINGAPORE — Asia, Pacific, Asia, Korea's, Beijing
“We’re going to be going to the Congress. Going to need a lot more money as we identify specifically how much is needed. But discussions surrounding FEMA and disaster-relief funding have taken a sharply political bent in recent weeks, a development that may complicate discussions in Congress. “Conservative, hardcore” Republicans, Biden said “are standing up and saying, ‘It’s got to stop.’” He later called Florida Gov. In more productive conversations, Biden spoke by phone with Scott, who told CNN they discussed ways Congress could re-up funding for FEMA and SBA when the time is right.
Persons: Joe Biden, Helene, Biden, hasn’t, Mike Johnson, “ We’re, We’re, I’m, ” Biden, Isabel Casillas Guzman, , Johnson, Chuck Schumer, Deanne Criswell, Milton, ” Criswell, Criswell, Donald Trump, , ‘ It’s, Ron DeSantis, Florida Sen, Rick Scott, ” Scott, Harris, Alejandro Mayorkas, , ” Mayorkas, Trump, DeSantis, Hurricane Helene, ” DeSantis, I’ve, ” Harris, Scott, CNN’s Isabel Rosales, Brian Kemp, Kemp, , CNN’s Ella Nilsen Organizations: Washington CNN, Milton, Federal Emergency Management, Republican, Small Business Administration, SBA, CNN, FEMA, Disaster Relief, Congress, Trump, Conservative, Republicans, Florida Gov, Homeland, Pentagon, DC, of Housing, Urban, Department of Agriculture, Lawmakers, Democrats –, CNBC, Democrat, Republican Gov Locations: Florida, Milton, Hurricane Milton, Punta Gorda, North Carolina, Washington, Hurricane, DeSantis, In Georgia
Baseless conspiracy theories about weather modification and false claims about disaster relief efforts have continued to spread on X in recent days, with misinformation about Hurricane Milton adding to a mountain of false rumors about Hurricane Helene and its aftermath. Greene has not deleted her posts referencing the conspiracy theories. In response to the challenges to Greene’s false claims, her deputy chief of staff, Nick Dyer, defended them, saying that she was actually the victim of conspiracy theories. “So when these people are espousing misinformation and conspiracy theories, then it’s like, ‘Oh, OK, well, maybe it’s true. FEMA is working to slow the spread of hurricane misinformation online.
Persons: Hurricane Helene, Marjorie Taylor Greene, , Greene, , Joe Biden, Greene’s, “ It’s, Hugh Willoughby, , ” Willoughby, ” Leila, Nick Dyer, Milton, Hurricane Milton, Donald Trump, Jim Jordan, Elon Musk, Angelo Fernández Hernández, Shauna Bowes, ” Bowes, ’ ” Bowes, Helene, Deanna Criswell, ” Criswell Organizations: X, NOAA, National Oceanic, Atmospheric Administration, Republican, Florida International University, Hurricane Research Division, NBC, University of Washington’s Center, Hurricane, FEMA, U.S . Ohio, Federal Emergency Management Agency, Services Program, Customs, Disaster Relief, Congress, DHS, Institute, Strategic, ISD, Homeland Security, Vanderbilt University, North Carolina Department of Public Safety Locations: Florida, Saginaw , Michigan, U.S, London, Asheville , North Carolina
At least five deaths have been confirmed in St. Lucie County on the state’s Atlantic coast, where tornadoes touched down. The city’s mayor told reporters that no serious injuries or deaths have been reported there in the wake of the storm. Ron DeSantis told reporters at a briefing Thursday morning. Search and rescue teams worked overnight to save families and pets, DeSantis told reporters. Milton made landfall just 13 days after Helene devastated the Southeast, breaking the record for the shortest amount of time between two major hurricanes in Florida.
Persons: Milton, Ron DeSantis, ” DeSantis, Hurricane Helene, , DeSantis, Nadia Zomorodian, Joe Biden, ” Biden, , Helene Organizations: Gov, Residents, USA, Coast Guard, National Weather Service, Sunshine State Locations: Florida, Siesta, Tampa, St, Lucie County, St . Petersburg, Volusia County, Venice Beach, Sarasota County, Petersburg, South Daytona, Fla, Milton, Cape Canaveral, U.S, Georgia , North Carolina, South Carolina , Tennessee, Virginia
New York CNN —TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government’s investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. The US Department of Justice said in a statement that TD Bank had “long-term, pervasive, and systemic deficiencies” in its procedures of monitoring transactions. TD Bank declined to comment on the fine, but the bank plans to hold a call with investors later on Thursday. TD Bank’s (TD) US-listed shares slumped 5% as investors brace for higher legal expenses and weaker growth.
Persons: FinCEN, TD Bank’s, ” John Aiken, , Allen Stanford Organizations: New, New York CNN —, Bank, US Treasury Department’s, US Justice Department, US Department of Justice, Street Journal, TD Bank, Jefferies, , Justice, Treasury, CNN Locations: New York
“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.
Persons: Donald Trump’s, Max Stier, , , Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, , you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, , Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, , House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida
A general view of the Shanghai Securities Exchange building is being shown in Shanghai, China, on July 16, 2024. Japan's Nikkei 225 gained 0.26% to end at 39,380.89, while the broad-based Topix rose 0.2% to close at 2,71267. Traders in Asia were assessing September data on producer prices in Japan which rose 2.8% from a year ago. Economists polled by Reuters had predicted the inflation rate would come in at 2.3%, down from 2.5% in August. The rally had been triggered by a blitz of government stimulus measures at the end of September.
Persons: Australia's, Korea's Kospi, Hong, Chetan Ahya, Morgan Stanley, Ahya Organizations: Shanghai Securities Exchange, Dow Jones, Nikkei, Traders, Reuters, Investors, Holdings, Alimentation, CSI, China's Finance, Asia Locations: Shanghai, China, SINGAPORE — Asia, Pacific, 2,71267, Asia, Japan, Beijing
Hurricane Milton barreled into Florida's west coast Wednesday. AdvertisementHurricane Milton made landfall in Florida on Wednesday evening as a Category 3 storm. FEMA insisted Monday it had the "capacity to manage multiple simultaneous disasters," including Helene and Milton. As for FEMA funding, Criswell noted during the briefing that there is currently $11 billion in its Disaster Relief Fund and said she's evaluating whether it will be necessary to ask Congress for more. Advertisement"The funding is there to support Helene and Milton," Criswell said.
Persons: , Milton, Helene, Dante Sacks, Fort Myers, we're, Sacks, It's, Helene —, Alejandro Mayorkas, Joe Biden, Deanne Criswell, Donald Trump, Criswell Organizations: Milton, Service, National Hurricane Center, Business, Sunshine State, Homeowners, , FEMA, Homeland, Federal Emergency Management Agency, Associated Press, New York Times, CNN, Disaster Relief Locations: Florida, Siesta, Sarasota County, of Mexico, Tampa, Atlantic, Parkland, Broward County, St, Petersburg, Fort, Miami, Milton
The tools aim to help health-care organizations build AI applications quicker and save clinicians time on administrative tasks, a major cause of industry burnout. The new tools are the latest example of Microsoft's efforts to establish itself as a leader in health-care AI. Courtesy of MicrosoftMicrosoft also announced a new way for health systems to build AI agents. AI agents vary in complexity, but they can help users answer questions, automate processes and perform specific tasks. For example, a health-care organization could build an AI agent to help doctors identify relevant clinical trials for a patient.
Persons: Mary Varghese Presti, we're, Sara Vaezy, Hadas Bitran Organizations: Microsoft, Microsoft Health, Life Sciences, Health, Providence Health & Services, CNBC, AI, Microsoft Microsoft, Microsoft Copilot Locations: Providence
Total: 25