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☆ Chinese yuan hits strongest level against the dollar in over 16 months as investors assess PBOC stimulus
▼ + stars: | 2024-09-25 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.

Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York

☆ How your tech stock holdings will be impacted by the election
▼ + stars: | 2024-09-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

The outcome of November's presidential election could have major implications for some popular technology stocks. Meanwhile, a victory by Vice President Kamala Harris may lead to tighter AI regulations focused on safety, ethics and protecting consumers. AI chip giant Nvidia is another likely winner in both split scenarios and a Republican sweep. Heightened antitrust controls over Google and its local search monopoly in a Democrat sweep and split Harris government should also benefit shares of Yelp down 27% this year. Republican sweep Raymond James views Salesforce as a potential big winner in a Republican sweep, noting that "more favorable" corporate tax rates should benefit cyclical software names.

Persons: Raymond James, Donald Trump, Trump, Ed Mills, Kamala Harris, Mills, Harris, Melissa Fairbanks, John Davis, Andrew Marok, bode, Salesforce, Davis, Datadog, Adam Tindle, Josh Beck Organizations: Democrat, Veeva Systems, Flex, Visa, Democratic, Republican, Trump, Republican Senate, Microsoft, Nvidia, Verizon, U.S, Google, Apple, Texas, Intel, Qualcomm, Apollo Global Management, Arista Networks Locations: China, Washington, outperformance, Saudi Arabia, Yelp

☆ ‘Education of hatred’: Killing of Japanese boy sparks soul searching in China over rising nationalism
▼ + stars: | 2024-09-25 | by ( Cnn Staff | ) edition.cnn.com time to read: +9 min

It was the second knife attack on Japanese children and third assault on foreigners in China in recent months. “As a Chinese, I feel heartbroken, outraged and ashamed,” said a Shenzhen resident who laid a white rose outside the Japanese school following the boy’s death last Thursday. The killing has shaken the Japanese community in China, with some of Japan’s biggest companies offering to repatriate staff members and their families. Generations of Chinese grew up learning about the atrocities committed by Japanese soldiers in school textbooks and on state television. “There is no so-called Japan-hating education in China,” Foreign Ministry spokesperson Lin Jian said Monday.

Persons: ”, …, Xi Jinping, Lin Jian, “, influencers, WeChat, Kuaishou, Zhang, “ Little, ” Zhang, Yoko Kamikawa, Wang Yi, ” Kamikawa, Wang, Japan, I’m, I’ve Organizations: Hong Kong CNN, Authorities, Kyodo, East China, Japan, ” Foreign, Communist Party, CNN, Japan’s, Associated Press, Japanese Foreign Ministry, Chinese Foreign Ministry Locations: Hong Kong, China, Japan, Shenzhen, Beijing, East, United States, Tokyo, Yasukuni, China’s, Shanghai, New York, Guangzhou, ”, “

☆ Why China's new stimulus bazooka isn't enough to fix the nation's housing crisis
▼ + stars: | 2024-09-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Beijing's latest housing-support measures won't fix China's property crisis, JPMorgan wrote. The nation announced this week that it will reduce mortgage rates and downpayment rules. Go to newsletter preferences Thanks for signing up! AdvertisementChina's all-out stimulus package will fail to meaningfully reverse ongoing chaos in the nation's property market, JPMorgan said in new research. Though Beijing committed on Tuesday to reduce mortgage rates and downpayment rules, the bank said these efforts will not bolster housing consumption as hoped.

Persons: —, Haibin Zhu Organizations: JPMorgan, Service, Business Locations: Beijing, China

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Disney, Ford, General Motors, Duolingo, Roblox, Alphabet & more
▼ + stars: | 2024-09-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo upgrades Baker Hughes to overweight from equal weight Wells says it likes the oil service company's business model. Morgan Stanley upgrades AutoNation to overweight from equal weight Morgan Stanley says AutoNation is well positioned in a bumpy macroeconomic environment. Morgan Stanley reiterates Apple as overweight Morgan Stanley says it's remaining cautious after checks of iPhone 16 demand for Apple. Morgan Stanley downgrades Ford to equal weight from overweight and General Motors to underweight from equal weight Morgan Stanley downgraded several automakers on Wednesday and said it's concerned about market share losses. Morgan Stanley reiterates Nike as equal weight Morgan Stanley raised its price target on Nike to $82 per share from $79 ahead of earnings on October 1.

Persons: Wolfe, Sallie Mae, it's bullish, Wells, Baker Hughes, Piper Sandler, Tesla, Piper, Morgan Stanley, AutoNation, Mike Manley, Duolingo, MARA, CORZ, Piper Sandler downgrades Tyson, it's, Oppenheimer, GOOG's, Baird, Locker Baird, Apple, TD Cowen downgrades Expedia, Cowen, Goldman Sachs, Goldman, Morgan Stanley downgrades Ford, Roblox Organizations: APO, Bank of America, Macquarie, Tyson Foods, Barclays, Hewlett Packard Enterprise, DOJ, Google, Foot, Apple, ISI downgrades, Pacific, Evercore, UNP, Disney, JPMorgan, Oil & Gas, Petrobras, Motors, GM, Citi, Investors, Nike Locations: CLSK, Foot Locker, Mexico, China, Fortnite

☆ JPMorgan strategist says the U.S. should be able to achieve a soft landing
▼ + stars: | 2024-09-25 | 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 EmailJPMorgan strategist says the U.S. should be able to achieve a soft landingMarcella Chow, global market strategist at JPMorgan Asset Management, discusses China and U.S. markets.

Persons: Marcella Chow Organizations: Asset Management Locations: U.S, China

☆ Uber is bringing robotaxis from China's WeRide onto its platform — but not in the US
▼ + stars: | 2024-09-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Uber is partnering with Chinese self-driving firm WeRide to add more robotaxis to its app. The ride-hailing giant will launch its first service with WeRide in Abu Dhabi later this year. AdvertisementUber is partnering with a Chinese tech giant to add more robotaxis to its app — but don't expect them to come to the US anytime soon. The ride-hailing company announced a partnership with Chinese self-driving firm WeRide on Wednesday, which will allow users to access WeRide's autonomous vehicles via the Uber app. The partnership is expected to launch later this year in Abu Dhabi, where WeRide already has a robotaxi fleet in operation.

Persons: Uber, —, WeRide Organizations: Service, Business Locations: Abu Dhabi

☆ S&P 500's record run is in jeopardy — plus, what Micron could signal about chip demand
▼ + stars: | 2024-09-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 has slipped into the red since the Morning Meeting. By the way, since the Sept. 6 close, the S & P 500 jumped nearly 6%, closing at a record 5,732 on Tuesday. 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, Salesforce, Meta, Dana her, it's, oversold, Mark Zuckerberg, Zuckerberg, Thursday's, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Nvidia, Meta, Microsoft, West Texas, Apple, Micron, Jefferies, Accenture, CarMax, Costco, Jim Cramer's Charitable Locations: China, Menlo Park , California

☆ Trump is threatening tariffs on yet another business — and economists say it makes no sense
▼ + stars: | 2024-09-25 | by ( Ana Altchek | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +8 min

Now, trade economists say Trump's latest trade threat makes no sense. I love the company, but as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico," Trump said at Monday's event. AdvertisementJohn Deere is the latest company to face a threat of tariffs from Donald Trump. It's not the first time Trump has threatened companies and Trump's threat to impose large tariffs on imports also isn't new. Trump's tariff goals going into the next election go beyond his former policy on international imports.

Persons: —, Donald Trump, John Deere, they've, Trump, Jonathan W, Coppess, Ian Sheldon, Sheldon, Gary Hufbauer, Hufbauer, Rick Wilking, he's, Trump's, we're, Nicole Bivens Collinson, Sandler, Travis, Rosenberg, Collinson, " Collinson, Kamala Harris Organizations: Service, Business, Fox Business, Republican, University of Illinois, Agricultural Marketing, Trade, The Ohio State University, Peterson Institute for International Economics Locations: Mexico, Smithton , Pennsylvania, Iowa, United States, University of Illinois Urbana, Champaign, Canada, North America, Central America, South America, Georgia, China

☆ I visited New York's largest Halloween festival at a historic mansion with over 7,000 jack-o'-lanterns. Here are the coolest things I saw.
▼ + stars: | 2024-09-25 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The Great Jack O'Lantern Blaze in New York is the tri-state area's largest Halloween festival. Artists decorate the grounds of Van Cortlandt Manor in Croton-on-Hudson with 7,000 jack-o'-lanterns. Go to newsletter preferences Thanks for signing up! Dutch trader Stephanus Van Cortlandt, who served as mayor of New York City, bought the land and built the first version of Van Cortlandt Manor between 1665 and 1681, according to the National Park Service. His grandson, Pierre Van Cortlandt, was New York's first Lieutenant Gov.

Persons: Jack O'Lantern Blaze, —, Van Cortlandt, Stephanus Van Cortlandt, Pierre Van Cortlandt Organizations: Artists, Service, National Park Service, Gov, Business Locations: New York, Van Cortlandt Manor, Croton, Hudson, of, New York City

☆ We're trimming 3 winning stocks as the market settles into overbought territory
▼ + stars: | 2024-09-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Following the trade, Jim Cramer's Charitable Trust will own 265 shares of META, decreasing its weighting to 4.4% from 4.56%. As a result, the market is now overbought, with the S & P Short-Range Oscillator climbing to 7.36% as of Tuesday's close. (Anything above a plus 4% indicates the market is overbought; anything below a minus 5% indicates the market is oversold.) META YTD mountain Meta Platforms YTD We're inclined to do some profit-taking. We upgraded Meta shares to a 1 rating on Aug. 2, and they are up roughly 17% since then.

Persons: Jim Cramer's, it's, Jim Cramer, Jim Organizations: Danaher, Federal Reserve, Nasdaq, Dow Jones, Justice, Google, CNBC Locations: China

☆ Gold touches record high on rate-cut bets, weaker U.S. dollar
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +2 min

Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp, in Perth, Australia, on August 9, 2018. Gold hit a record high on Wednesday, boosted by a softer U.S. dollar and hopes of more interest rate cuts, while investors looked for new signals for the Federal Reserve's interest rate trajectory. Spot gold was steady at $2,658.08 per ounce, as of 0557 GMT, after hitting an all-time high of $2,670.43 earlier. On Tuesday, China announced a slew of support measures including outsized rate cuts, after the U.S. Fed cut rates by 50 basis points last week. Inflows to gold exchange-traded funds, particularly from Western investors, will rise in the coming months, providing further support for record-high bullion prices, analysts said.

Persons: Gold, Kelvin Wong, OANDA's, Wong, Michelle Bowman, Jerome Powell's, heightening Organizations: Perth Mint Refinery, Gold Corp, U.S, Fed, Asia Pacific, Traders Locations: Perth, Australia, China, Beirut

☆ I've been to over 50 countries, but this lesser-visited Central Asian gem was one of my favorites
▼ + stars: | 2024-09-25 | by ( Alex Schnee | ) www.businessinsider.com time to read: +1 min

My friend and I traveled to Kyrgyzstan, a Central Asian country between China and Kazakhstan. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. But as someone who's been to over 50 countries and is always up for a new adventure, I quickly booked my flight to join her.

Persons: —, Jessie, I'd, who's Organizations: Service, Business Locations: Kyrgyzstan, Central Asian, China, Kazakhstan, yurt

☆ 10 things to watch in the stock market Wednesday, including automaker downgrades
▼ + stars: | 2024-09-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Wednesday, Sept. 25 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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: Jeff Marks, Morgan Stanley's, Adam Jonas, Jonas, Tyson Food, Piper Sander, KeyBanc, they've, Wells, Baker Hughes, Halliburton, SLB, Baird, Gabrielle Fonrouge, Expedia, Cowen, Oppenheimer, Jim Cramer's, Jim Cramer, Jim Organizations: Club, Nvidia, Micron, U.S, Ford, General Motors, Hewlett Packard Enterprise, Barclays, Juniper Networks, Micro, Dell Technologies, Union Pacific, Department, Google, Jim's, Jim Cramer's Charitable, CNBC Locations: U.S, China

☆ An F-35 was caught on camera for the first time carrying the stealthy long-range anti-ship missiles it could need in a fight with China
▼ + stars: | 2024-09-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewThe US military has published photos for the first time that show a fifth-generation F-35 fighter armed with a stealthy long-range anti-ship missile. The photo, released on Monday, shows an F-35C Lightning II carrying two AGM-158C Long-Range Anti-Ship Missiles (LRASMs) during a flight test conducted earlier this month. Efforts to integrate the missile with the carrier-based variant of the advanced F-35 stealth fighter underscore the military's push to expand its anti-ship capabilities across new platforms. The military has acknowledged an increasing need for these capabilities, particularly as rivals like China strengthen their navies. The F-35 doesn't have a dedicated anti-ship missile, making the LRASM a valuable addition.

Persons: —, Lockheed Martin Organizations: Service, Ship, Naval Air, Business, US Air Force, US Navy, Air Force, Navy, Hornets, Force, ITF, Pax ITF, Lockheed, Warfare Locations: Maryland, China, Washington, Beijing

☆ Stocks making the biggest moves midday: Flutter Entertainment, Hewlett Packard Enterprise and more
▼ + stars: | 2024-09-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Flutter Entertainment — The sports betting stock rose more than 6% after the FanDuel parent announced a share buyback program of up to $5 billion. Hewlett Packard Enterprise — The tech stock jumped more than 5% after Barclays upgraded the firm to overweight from equal weight. KB Home reported $2.04 in earnings per share, or 2 cents short of consensus estimates, according to analysts surveyed by LSEG. Analysts had expected $1.14 in earnings per share on revenue of $176.2 million, according to FactSet. The workplace uniform company sees revenue of $10.22 billion to $10.32 billion for fiscal 2025, compared to its prior guidance of $10.16 billion to $10.31 billion.

Persons: HPE, Morgan Stanley downgrades, Adam Jonas, Ford, Bilibili, Warren Buffett's Berkshire Hathaway, Cintas, — CNBC's Sean Conlon, Yun Li, Alex Harring, Hakyung Kim, Lisa Han, Pia Singh Organizations: Hewlett Packard Enterprise, Barclays, Juniper Networks, General Motors, Ford —, JPMorgan, . Bank of America, LSEG, Trump Media & Technology Locations: Bilibili —

☆ Beijing's strategy on Taiwan is not invasion but 'calibrated increased pressure': Eurasia Group
▼ + stars: | 2024-09-25 | 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 EmailBeijing's strategy on Taiwan is not invasion but 'calibrated increased pressure': Eurasia GroupRick Waters, Managing Director of China practice at Eurasia Group, discusses the geopolitical risks in the Taiwan Strait and the South China Sea.

Persons: Rick Waters Organizations: Eurasia, Eurasia Group Locations: Taiwan, China, Taiwan Strait, South China

☆ PVH Corp: China threatens sanctions on Calvin Klein owner over Xinjiang cotton boycott
▼ + stars: | 2024-09-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Beijing says it’s investigating fashion retailer PVH Corp, the owner of Calvin Klein and Tommy Hilfiger, for refusing to source cotton from the Xinjiang region, in a move that could lead to sanctions on an American company with major business interests in China. The ministry said in a statement that New York-based PVH (PVH) is suspected of “violating normal market transaction principles” by boycotting cotton sourced from China’s far western region of Xinjiang. Being banned by China would deal a big blow to PVH, which, like other global fashion firms, sources extensively in the country. Western apparel brands have faced pressure in China over their position on Xinjiang cotton before. In March 2021, Swedish multinational H&M was pulled from major e-commerce stores in China and blocked by several major navigation, review and rating apps.

Persons: Hong Kong CNN —, Calvin Klein, Tommy Hilfiger, Biden, PVH, “, Joe Biden, …, ” Organizations: Hong Kong CNN, Hong Kong CNN — Beijing, PVH Corp, Commerce Ministry, CNN, Chinese Ministry of Commerce, US, State Department Locations: China, Hong Kong, Xinjiang, United States, York, “, Swedish

☆ In this close election, these reshoring bets are likely to succeed no matter who becomes president
▼ + stars: | 2024-09-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Trade will work regardless Yet, reshoring is the one macroeconomic trade that will work no matter who wins the White House, according to Societe Generale. Last year, there were 287,000 reshoring and foreign direct investment job announcements, the second-highest year on record, according to the Reshoring Initiative . "One trade that has worked under both of the last two administrations is our US Reshoring 'beneficiary' equities," Kabra wrote. The company provides industrial automation products and services. The industrial conglomerate has a hand in a range of industries, including industrial automation solutions and building automation.

Persons: Donald Trump, Trump, Kamala Harris, John Deere, Harris, Dan Levy, Manish Kabra, Kabra, reshoring, Morgan Stanley, Blake Moret, Jill Carey Hall, Michael Feinger, Feinger, Peter Matt Organizations: Barclays, Societe Generale, Science, Generale's, China, Reshoring, Trump, Packaging Corporation of America, Cummins, Rockwell Automation, Honeywell, Bank of America, Eaton, Steel Dynamics, United Rentals, Commercial Metals Locations: United States, Mexico, China, U.S, reshoring, Midwest

☆ China needs more than rate cuts to boost economic growth
▼ + stars: | 2024-09-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Cfoto | Future Publishing | Getty ImagesBEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said. He expects Beijing will likely ramp up fiscal stimulus due to weak growth, despite reluctance so far. "The market is forming a medium to long-term expectation on the U.S. growth rate, the inflation rate. As for Chinese government bonds, Ding said the firm has a "neutral" view and expects the Chinese yields to remain relatively low. He pointed out that monetary easing still requires fiscal stimulus "to achieve the effect of expanding credit and transmitting money to the real economy."

Persons: Larry Hu, That's, Edmund Goh, Yifei Ding, Ding, CF40, Pan Gongsheng, Haizhong Chang, Chang Organizations: China Resources, Getty, BEIJING, People's Bank of China, Macquarie, U.S, of Finance, PBOC, Ministry of Finance, Fitch Locations: China, Nanjing, Jiangsu province, abrdn, Beijing, U.S, Invesco

☆ My brother proposed to his girlfriend at my wedding. I was the one who suggested it.
▼ + stars: | 2024-09-25 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +6 min

He was surprised — Kenrick told my coworker, "There's no way. My brother and I are extremely closeGrowing up, my brother Andrew Matamoros and I were always very close. My brother and my husband also knew, of course, and the wedding videographer and photographer were in on it so they could capture the moment. But I was also so happy to share the day with my brother and his now-wife. I wouldn't have shared my wedding day with anyone else.

Persons: Rebekah Matamoros, Kenrick Roach, Kenrick, — Kenrick, we've, Andrew Matamoros, Andrew, Jinnese, Bro Organizations: Service, LinkedIn Locations: Houston, Singapore, Jinnese Matamoros, Jinnese

☆ 1 in 3 children worldwide is now nearsighted, study shows
▼ + stars: | 2024-09-25 | by ( Jack Guy | ) edition.cnn.com time to read: +4 min

Nearsightedness, or myopia, refers to when closer objects are clear, but distant objects are blurry. Nearsightedness is expected to keep rising among children and adolescents. This could be due in part to the fact that East Asian children start formal education at the age of 2 or 3, earlier than kids in other regions, the researchers say. Progression of nearsightedness in children can be slowed by taking breaks and avoiding hour after hour on the phone or computer, he wrote. Limiting up-close reading time outside of school — screen time or otherwise — may help slow the progression of nearsightedness in children, he added.

Persons: Sun, Dibyangshu Sarkar, “, Dr, Benjamin Botsford, ”, Botsford Organizations: CNN, British, Ophthalmology, University, UMass Chan Medical Locations: Guangzhou, China, AFP, Singapore, Taiwan, Japan, nearsighted, South Korea

☆ Things are looking up for the economy. So why are consumers still unhappy?
▼ + stars: | 2024-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, the economy is heading in the right direction, but consumers aren't buying it . Things seem to be going really well for the economy, right? Consumers aren't feeling bullish about the economy these days. Last time around, pesky inflation was keeping things like groceries and housing costs high, even as the rest of the economy showed improvement. China's stimulus plan to boost its ailing economy sent emerging markets indexes to their highest level since April 2022 .

Persons: —, Rebecca Zisser, We've, Insider's Juliana Kaplan, Spencer Platt, Getty, Tyler Le, We'll, Morgan, Mike Wilson, Steven Blitz, China's, aren't, Chelsea Jia Feng, weren't, Natalie Ammari, that's, Ron Sherman, Gen, Mark Zuckerberg, Dan DeFrancesco, Jack Sommers, Jordan Parker Erb, Amanda Yen Organizations: Service, Business, Federal Reserve, Conference Board, Fed, Chelsea, Spotify, Visa, US Justice Department, Prosecutors, Meta Locations: Austin , Texas, New York, London

☆ CNBC Daily Open: It might be better economic data isn’t all rosy
▼ + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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. How much will oil demand grow? Oil demand will experience "robust medium-term growth," reaching 112.3 million barrels per day in 2029 from 102.2 million barrels per day in 2023, according to OPEC's 2024 World Oil Outlook report. The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.

Persons: Stocks, Consumer's, September's, Dow, Goldman, Denis Coleman, Jamie Dimon, JPMorgan Chase Organizations: CNBC, Dow Jones, U.S . Federal, JPMorgan, International Energy Agency

☆ DNA from 3,600-year-old cheese sequenced by scientists
▼ + stars: | 2024-09-25 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

A decade after the dairy discovery on strikingly intact remains mummified by the Taklamakan Desert’s arid conditions, scientists have extracted and sequenced DNA from the 3,600-year-old cheese, the oldest in the archaeological record. Fu is director of the ancient DNA laboratory at the Institute of Vertebrate Paleontology and Paleoanthropology in Beijing. The researchers recovered animal and microbe DNA from the kefir cheese discovered on the Tarim Basin mummies. Fu and her colleagues also sequenced the bacterial genes in the ancient kefir cheese, revealing insights into how probiotic bacteria evolved over the past 3,600 years. “Ancient DNA analysis, especially on microbes, is fraught with technical problems, mostly stemming from contamination by modern bacteria,” he added.

Persons: ”, Christina Warinner, John L, Loeb, Warinner wasn’t, Qiaomei Fu, Fu, Yang, it’s, Taylor Hermes, ” Hermes, Pichia kudriavzevii, kefir, we’ve, ” Fu, Hermes, Warinner, William Taylor, Taylor, wasn’t Organizations: CNN, Cell, Social Sciences, Harvard University, Vertebrate Paleontology, University of Arkansas, University of Colorado, school’s Locations: what’s, China, ”, Beijing, Tarim, China’s Xinjiang, Asia, Russia, Tibet, United States, Japan, Caucasus, Anatolia, University of Colorado Boulder

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