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☆ How this soccer player saved a Jewish teenager from persecution in Nazi Germany
▼ + stars: | 2024-07-13 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

“Psychologically, he was desperate to get out,” Ralph’s son Alan Freeman told CNN. He was finally able to leave Germany and avoid the events that would soon unfold. ‘He saved his life’Sproston’s connections through the footballing world proved to be vital in helping Freeman leave Germany. It was before this game that the England players famously performed the Nazi salute prior to kick off. But more importantly, so did the story of Bert Sproston helping Ralph Freeman in his bid to leave Nazi Germany.

Persons: Rolf Friedland, Friedland, Ralph Freeman, ‘ They’re, ” Ralph’s, Alan Freeman, “, ”, Freeman, Alan Freeman “, Alan, “ ’, ’ ”, Bert Sproston, “ I’m, ” Alan, Sproston, John Leonard, ’ Leonard, ” Leonard, Davis, Michael Berkowitz, ” Berkowitz, “ It’s, Adolf Hitler, Berkowitz, Hitler, Ralph Freeman’s, ” Freeman, Alan Freeman Leonard, Leonard, –, ‘, Bert, Janice, Sproston’s, Tottenham Organizations: CNN, England soccer, Tottenham Hotspur, Tottenham Hotspur Football Club, Topical Press Agency, Getty, Hulton, University College London, England, Nazi, Platz Frankfurt, United States Holocaust Memorial Museum Locations: Germany, England, Nazi Germany, Berlin, Britain, Europe, Austria, ”, London

☆ Japan data suggests possible yen intervention of around $22 billion
▼ + stars: | 2024-07-12 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

A fresh market projection by the Bank of Japan on Friday hints at a possible intervention of around $22 billion into the currency markets as the country tries to prop up the ailing yen . The Japanese currency popped 3% against the dollar late Thursday as the market responded to surprisingly soft U.S. inflation data. On Friday, daily current account balance data from the Bank of Japan projected that a drain of 3.17 trillion yen ($20 billion) will occur on July 16. This compares to an earlier forecast for a surplus of around 400 billion yen, according to news agencies the Nikkei and Reuters, leaving a surprise 3.57 trillion yen ($22.49 billion) gap in the finances. This is expected to have been spent on currency intervention on Thursday, with foreign exchange transactions taking two working days to settle.

Persons: Masato Kanda, wasn't Organizations: Bank of Japan, Reuters, Nikkei, Ministry of Finance, Jiji Press, CNBC Locations: Tokyo

☆ Japan's Nikkei falls over 2% amid suspected yen intervention; U.S. inflation cools more than expected
▼ + stars: | 2024-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Early Friday, the yen also suddenly strengthened against the dollar after the U.S. inflation data release, prompting analysts and traders to suspect a possible intervention from the country's ministry of finance. The yen traded at 158.55 against the U.S. dollar at roughly 12 a.m. Tokyo time after trading around 161.52 late Thursday. The currency strengthened further against the greenback, currently standing at 158.23. On Friday, Japan's top currency diplomat Masato Kanda said that authorities will take action as needed in the foreign exchange market. Reuters also reported that Kanda said recent yen moves were somewhat rapid, but declined to comment on whether authorities had intervened in the currency.

Persons: Masato Kanda, Kanda Organizations: Federal Reserve, U.S, greenback, Reuters Locations: Asia, Pacific, U.S, Tokyo

☆ Volatile yen keeps markets on edge as intervention risks swirl
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +4 min

A sheet of newly-designed Japanese 10,000 yen banknotes at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 28, 2023. The Japanese currency swung between gains and losses in early trading before trading slightly weaker. It spiked nearly 3% to as high as 157.40 immediately after the consumer inflation report on Thursday. "Currency interventions should certainty be rare in a floating rate market, but we'll need to respond appropriately to excessive volatility or disorderly moves," Kanda said. Tokyo intervened at the end of April and in early May, spending roughly 9.8 trillion yen ($61.55 billion) to support the currency.

Persons: Masato Kanda, Kanda, It's, Siong Sim, Charu Chanana, Matt Simpson, Menon, Donald Trump, Sterling Organizations: National Printing Bureau, Asahi, Nikkei, Bank of Singapore, U.S, CPI, Saxo, Federal Reserve, City, Traders, Presidential, Trump Locations: National Printing Bureau Tokyo, Tokyo, Japan, U.S

☆ CNBC Daily Open: S&P retreats, yen surges, Tesla sinks
▼ + stars: | 2024-07-12 | 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. The declines follow the lowest consumer price index in over three years. The yield on the 10-year Treasury fell, while U.S. oil prices rose on hopes of a rate cut. The Fed is "one step closer to a September rate cut," said Chris Larkin, managing director of trading and investing at E-Trade.

Persons: Jesse Pound, Chris Larkin, Kit Juckes, Elon Musk, Jamie Dimon's Organizations: CNBC, Nasdaq, Big Tech, Nvidia, Meta, Dow Jones, Treasury, U.S, Societe Generale, Delta Air Lines, Paris, Bloomberg, JPMorgan Locations: U.S

☆ Japan's yen surges after U.S. inflation data as traders monitor possible intervention
▼ + stars: | 2024-07-11 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street in central Tokyo on April 29, 2024. The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation U.S. data. The dollar rose as the U.S. reacted to its lowest CPI (consumer price index) reading in more than three years. But it comes at a time when traders are on high alert for more yen intervention from Japanese authorities as they try to prop up its ailing currency. Masato Kanda, the vice-minister of finance for international affairs of the Ministry of Finance, told Jiji Press that he was not in a position to comment on any possible intervention.

Persons: Kit Juckes, Marc Ostwald, Masato Kanda, wasn't Organizations: U.S, Reuters, Societe Generale, CNBC, ADM Investor Services, CPI, Ministry of Finance, Jiji Press Locations: Tokyo, London, JPY

☆ Tesla shares fall 6% after report of robotaxi unveiling delay
▼ + stars: | 2024-07-11 | by ( Katie Bartlett | ) www.cnbc.com time to read: +2 min

Tesla shares fell about 6% on Thursday after Bloomberg reported that the electric vehicle maker is delaying the unveiling of its Robotaxi by two months. Tesla's stock slump on Thursday followed an 11-day rally that was sparked by a better-than-expected deliveries report for the second quarter. Tesla CEO Elon Musk has promised shareholders a robotaxi for years. In 2015, he said Tesla's cars would achieve "full autonomy" within three years. However, the company has yet to deliver a robotaxi, autonomous vehicle or technology that can turn its cars into "level 3" automated vehicles.

Persons: Elon Musk, The Beverly Hilton, Tesla, Musk, — CNBC's Lora Kolodny Organizations: SpaceX, Tesla, Milken Global, The Beverly, Bloomberg, General Motors Locations: Beverly Hills , California, China, Tesla

☆ Japan's stock market rally will continue in the second half, but with a key shift, BlackRock says
▼ + stars: | 2024-07-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The rally for Japanese stocks is set to continue in the second half of the year, but the best way for American investors to participate in it could change, according to the BlackRock Investment Institute. The firm said in its midyear outlook that being overweight on Japanese stocks is one of its highest conviction calls. Many Americans have already been rushing into funds that track Japanese stocks, part of a broader increase in foreign investor money . HEWJ YTD mountain Currency-hedged Japanese funds like the HEWJ are outperforming their unhedged counterparts in 2024. Goldman Sachs Asset Management said in its midyear outlook that "in Japan, we expect strong equity market performance to continue being driven by structural changes."

Persons: Wei Li, Li Organizations: BlackRock Investment Institute, U.S ., BlackRock, Goldman, Management Locations: U.S, BlackRock, Japan, bullish

☆ England reaches Euro 2024 final after last-gasp winning goal against the Netherlands
▼ + stars: | 2024-07-10 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Ollie Watkins’ brilliant last-gasp winner earned England a 2-1 win over the Netherlands and a place in Sunday’s Euro 2024 final. Awaiting England in Sunday’s final is the formidable foe of Spain, which has been unequivocally the best team of Euro 2024 so far. After only seven minutes, Simons – named after Barcelona great Xavi Hernández – dispossessed Declan Rice in midfield and stormed towards the England penalty area, before unleashing an unstoppable shot past Jordan Pickford and into the top corner. Foden, who was having by far his best game of the tournament, then hit the woodwork himself as the post denied the Manchester City forward a stunning curled effort. England has known little more than disappointment and heartbreak since winning the World Cup in 1966, Southgate more than most.

Persons: Ollie Watkins ’, Xavi Simons, Harry Kane, Watkins, Gareth Southgate –, Cole Palmer, “, ‘, Coley, There’s, “ We’ve, We’ve, ”, Gareth Southgate’s, Jude Bellingham, Simons, Alex Livesey, Henri Delaunay, Simons –, Hernández –, Declan Rice, Jordan Pickford, Denzel Dumfries, Kane, Felix Zwayer, OZAN KOSE, Phil Foden’s, Ronald Koeman, Piroschka Van De Wouw, Palmer, Stefan de Vrij, Southgate Organizations: CNN, England, Lions, Turkey, Getty, France, Qatar, Manchester City, Southgate, REUTERS, Aston Villa Locations: Netherlands, Sunday’s, England, Italy, Spain, Germany, Dortmund, Barcelona, AFP, Dumfries, Manchester

☆ Unprotected at the margins of the rental market
▼ + stars: | 2024-07-10 | by ( Cecilia Reyes | ) www.businessinsider.com time to read: +31 min

Officers interviewed two motel residents who called 911; they said they did not want to leave their homes. Alyssa Pointer for Business InsiderIn Georgia, an eviction requires a court order, but the law doesn't explicitly make lockouts illegal. In this case, an officer classified the incident as a "crime against property" — a crime committed by the residents themselves. In unincorporated Clark County, where the property is located, operating a short-term rental without a license is illegal. Matthew Main is an attorney who has represented residents in similarly precarious housing situations in New York City, where state law also grants residents tenants' rights after 30 days.

Persons: they'd, Alyssa Pointer, doesn't, Eric Tars, Marshall Rancifer, Rancifer, Larry Johnson, Johnson, Lindsey Siegel, Freddie Mac, Rausch, Bridget Bennett, Harrison Bohn, Charlie Bliss, Andrew Cauthen, Brandon Turner, Darlene DeLaRoca, she'd, Mike Rausch, Harry Reid, DeLaRoca, Luis Barraza, Barraza, haven't, Stacey Welling, David Brown, Eric Dunn, Neason, Lynetrice Preston, Altonese Weaver, that's, Bliss, Roy Barnes, Barnes, Tera Strawter, Khari Varner, Strawter, Varner, Puentes, Guy Girardin, Girardin, Brown, Brian Michael Schwalbe, Schwalbe, you've, Natalie Bergevin, Bergevin, Matthew Main, gamesmanship, Main, Paul Panusky, Sara Heymann, I've, Michael Duckworth, Duckworth, he'd, Abel Uribe, Matthew Walberg Organizations: Labor, Business, National Homelessness Law, Justice, All Coalition, for Disease Control, Police, Housing Justice League, Atlanta, Atlanta Legal, US Department of Education, Pratt Center for Community Development, UCLA, Legal, Center of Southern, Natson, Facebook, Harry, Walmart, BI, Las Vegas Justice Court, National Housing Law, Atlanta Legal Aid, Atlanta . Tenants, DeKalb County Police Department, Georgia Supreme, Lutheran Social Services of, Las Vegas, Regional Justice Center, Go Locations: Dekalb County, Panthersville, Atlanta, Dekalb, Georgia, United States, Florida , Kentucky, DeKalb County, DeKalb, New York City, Los Angeles, Clark County , Nevada, Center of Southern Nevada, Nevada, California, Las Vegas, Clark County, Clark, Lutheran Social Services of Nevada, Las Vegas . Nevada, Chicago, Chicago's Roseland, Cook, City, DeLaRoca, Vegas

☆ Tesla prioritizes Musk's and other 'VIP' drivers' data to train self-driving software
▼ + stars: | 2024-07-09 | by ( Grace Kay | ) www.businessinsider.com time to read: +14 min

Business Insider has learned that those annotators focus their efforts on two high-profile categories of drivers: Tesla CEO Elon Musk and a select set of "VIP" drivers. These drivers are internally referred to as "VIP" users and their data is at times put in VIP queues, according to the workers. Related storiesData collected from VIP users, including high-profile Tesla drivers who post on YouTube, is scrutinized more heavily and more likely to be labeled, three current and former workers said. They said they'd been specifically told by leads on their teams that they were working on "VIP data" and had received overtime pay to work on the data ahead of FSD updates. Tesla's self-driving in the regulatory spotlightTesla has come under increasing scrutiny from regulators over the self-driving software and the company's marketing of the service.

Persons: —, Elon Musk, Musk's Teslas, YouTubers, Musk, Tesla, Tesla's, John Bernal, Bernal, else's, annotators, Walter Isaacson's, Tesla influencers, FSD, they'd, Raj Balwani, Chuck Cook, Tesla Raj, Balwani, I've, Cook, he'd, they're, Missy Cummings, Cummings, Philip Koopman, Koopman Organizations: Service, Business, Tesla, SpaceX, Twitter, California Department of Transportation, YouTube, National, Traffic Safety Administration, Carnegie Mellon University, US Justice Department Locations: Hillsborough , California, Tesla's Austin, Fremont , California, Hawthorne , California, California, San Francisco, Buffalo , New York, Los Angeles, Hawthorne, YouTubers, Lombard

☆ Why we are hard-wired to feel 'sunshine guilt' — and what you can do to manage it
▼ + stars: | 2024-07-08 | by ( Nandini Maharaj | ) www.businessinsider.com time to read: +6 min

Read previewEven if you don't live somewhere known for breaking rainfall records, you've probably seen the effects of "sunshine guilt," as it's called on TikTok. Sunshine guilt is when you feel anxious or guilty about staying inside and not enjoying a sunny day to the fullest. Since you don't know when you'll have another opportunity to enjoy the weather, sunshine guilt is considered a form of FOMO (fear of missing out), she added. Unlike summer-pattern SAD, sunshine guilt is "not a medical condition and does not typically cause severe mood disturbances or functional impairments," Hafeez said. AdvertisementWhat can you do to manage sunshine guilt?

Persons: —, you've, Patrice Le Goy, Sanam, Le Goy, Hafeez, Nandini Maharaj Organizations: Service, Business, Mental Health America

☆ How Biden Is Leveraging His Defiance to Try to Stem Democratic Defections
▼ + stars: | 2024-07-08 | by ( Shane Goldmacher | ) www.nytimes.com time to read: +1 min

President Biden’s increasingly emphatic declarations that he will not exit the presidential race are delivering an unmistakable message to potential wayward Democrats: Any criticisms going forward damage the party’s chances against Donald J. Trump. For days, Mr. Biden has said he will remain his party’s nominee after his poor debate short of an intervention from “the Lord Almighty.” On Monday, he put that assertion into action. It began with an open letter to congressional Democrats saying he was definitely running. “I am not going anywhere,” Mr. Biden told the donors. The moves amounted to a show of defiance that the Biden operation hoped would earn him some deference, as uneasy Democratic lawmakers trickled back to Capitol Hill after a holiday break.

Persons: Biden’s, Donald J, Biden, ”, “, Mr, trickled Organizations: Trump, Congressional Black Caucus, Democratic, Capitol

☆ Netanyahu’s Resistance to a Deal Narrows Hopes for Gaza Cease-Fire: Live Updates
▼ + stars: | 2024-07-08 | by ( Patrick Kingsley | ) www.nytimes.com time to read: +3 min

But Mr. Netanyahu’s statement on Sunday night dampened those expectations, since it appeared to lessen the chances of a compromise with Hamas over the length and permanence of the cease-fire. Mr. Netanyahu’s grip on power relies on the support of two far-right parties opposed to any agreement that would leave Hamas in power in Gaza. “The efforts of the military in Gaza may help him get more from Hamas,” Mr. Shtrauchler said. Additionally, Mr. Netanyahu may be trying to stave off the collapse of his coalition until the end of July, when Parliament goes on recess. “He’s trying to create room for maneuver — and for that, he needs time,” Mr. Shtrauchler said.

Persons: Benjamin Netanyahu, Critics, —, “, ” Yair Lapid, Benjamin Netanyahu doesn’t, ” Ben Caspit, Mr, Netanyahu, Nadav Shtrauchler, ” Mr, Shtrauchler, “ He’s, Gabby Sobelman Organizations: News, Hamas, Analysts, Mr Locations: Israel, Gaza, Cairo, Qatar, Rafah, Rehovot

☆ Analysis: Biden’s fate is on the line in the most critical days of his 50-year political career
▼ + stars: | 2024-07-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

The turmoil surrounding Biden’s future is creating a grim mood inside the White House, CNN’s MJ Lee reported. • If that happens, would senior party leaders be willing to go to the president and argue that his position is unsustainable? There is an almost surreal quality to the frenzied political debate as Biden digs in. There would be no guarantee that a new standard-bearer would do better than Biden, who has already beaten Trump once. Black Democratic voters helped to rescue Biden’s primary campaign in 2020 and to put him in the White House.

Persons: Joe Biden’s, Biden, Donald Trump, Hakeem Jeffries, Sen, Mark Warner, “, Connecticut Sen, Chris Murphy, ”, ” Biden, Trump, CNN’s MJ Lee, Biden –, Kamala Harris –, laud, Joe Biden, ” Murphy, Dana Bash, Adam Schiff, Murphy, Schiff, lacerated Trump, Jeffries, Chuck Schumer, “ I’m, It’s, Joyce Beatty, “ shouldn’t, CNN’s Ebony Davis, Eva McKend, he’s, CNN’s Jeff Zeleny, Lyndon Johnson, Gerry Connolly, CNN’s Pamela Brown, Joe Biden didn’t, ” Connolly, Josh Shapiro, Pennsylvania Sen, John Fetterman, Bob Casey Organizations: CNN, Democrats, White House, Virginia Democrat, Sunday, Union, Democratic, ABC News, West Wing, Democratic Party Among, Biden, ”, Press, California Democrat, Capitol, ABC, Congressional Black Caucus, Ohio, CBC, NATO, Airy, of God, Black Democratic, Pennsylvania Gov, Pennsylvania, Trump, Republican National Convention, Democratic National Convention Locations: Connecticut, “ State, Pennsylvania, Trump, Atlanta, California, New Orleans, Philadelphia, Harrisburg , Pennsylvania, Washington, Virginia, Harrisburg, “, Michigan, Ukraine, Milwaukee

☆ Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
▼ + stars: | 2024-07-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Rather than sparking typical cheer on Wall Street, Elliott's campaign, spelled out in a 50-page presentation, led to confusion and concern among investors and customers. Several activism experts pointed to two of Elliott's past targets for insight into the hedge fund's strategy for Southwest: Suncor Energy in 2022 and Marathon Petroleum in 2019. Elliott partner John Pike, who is now leading the Southwest campaign, was involved in the firm's actions at both energy companies. Pike and portfolio manager Bobby Xu are leading Elliott's Southwest campaign. But in 2018, a few months after reaching an agreement with Elliott, Marathon announced it was only getting bigger.

Persons: David Paul Morris, Elliott, Bob Jordan, Gary Kelly, Elliott hasn't, Southwest's, John Pike, Haviv Ilan, Marc Benioff, Jordan, Pike, Bobby Xu, Vinson, Elkins, Mark Little, Elliott's Pike, Suncor's, Little, Rich Kruger, Candace Elliott, Marathon, Weeks, Gary Heminger, Mike Hennigan, Hennigan, hasn't, It's, isn't, Kelly, it's, Xu, — CNBC's Leslie Josephs Organizations: Southwest Airlines, Oakland International Airport, Bloomberg, Getty, Elliott Management, Southwest, Melius Research, Suncor Energy, Marathon Petroleum, Marathon, Etsy . Texas, of America, Suncor's Petro, Canada, Canadian, Petro - Canada, Petro, Exxon Mobil, Reuters, Speedway, Elliott, Company, Heminger, Artisan Partners, Suncor, Southwest Airlines Pilots Association, CNBC Locations: Oakland , California, Dallas, Suncor, New York, West Palm Beach , Florida, Etsy, Canada, Sherwood Park , Alberta, Marathon, Southwest

☆ Merih Demiral: UEFA hands Turkey defender two-game suspension following controversial goal celebration
▼ + stars: | 2024-07-05 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

CNN —UEFA has suspended Turkey player Merih Demiral for two games following a controversial hand gesture made by the defender in Turkey’s round of 16 Euro 2024 win against Austria. “Our football player shared a natural joy when he was celebrating with Turkish fans the happiness of a moment … there is no element here that could hurt your opponent or any community. “We will continue to seek our rights through legal means against this double standard applied to our country and our national football player Merih Demiral. Wolfgang Rattay/ReutersFollowing the win against Austria, Demiral posted a picture of himself making the gesture on X. And I felt that to the fullest after the second goal, so I ended up doing that gesture,” Demiral told reporters after the game.

Persons: Merih Demiral, Demiral, “, Servet Yardimci, ”, ” Yardimci, Osman Aşkın Bak, Wolfgang Rattay, ” Demiral, Turkey’s, Nancy Faeser, Faeser, Tayyip Erdogan Organizations: CNN, UEFA, Austria, Grey Wolves, ” UEFA, Turkey’s, Turkish Football Federation, TFF, “ Football, Turkish, Reuters, European, NTV Locations: Turkey, Turkey’s, Turkish, Netherlands, ” Germany, Berlin, Ankara, Germany

☆ Stocks, property, bonds, the pound: Here’s what a new Labour government means for investing in the UK
▼ + stars: | 2024-07-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

The Labour party's pledge, for example, to increase taxes on the compensation that private equity fund managers received raised a few eyebrows, and led to questions on what this could mean more broadly. In a note Friday, analysts at Jefferies said, despite concerns raised by a strong showing for the right-wing Reform UK Party, the Labour Party's U.K. election win would help make the U.K. appear "relatively stable." "A widely predicted Labour win in the UK could usher in an era of greater stability for the UK … which should help bolster investor sentiment towards the UK," she said. "U.K. bank stocks in the end are one of the biggest proxies for U.K. economic growth," he said. If results are as expected, attention will shift away from the U.K. election quickly, Shreyas Gopal, strategist, and Sanjay Raja, senior economist at Deutsche Bank, said in a note published Wednesday.

Persons: Vuk Valcic, hasn't, Jefferies, James McManus, Susannah Streeter, Hargreaves Lansdown, McManus, Liz Truss, Streeter, Richard Donnell, Nutmeg's McManus, CNBC's Silvia Amaro Friday, Mark Fielding, Fielding, Shreyas Gopal, Sanjay Raja, BoE, Francesco Pesole, Pesole Organizations: City of, Labour Party, Conservatives, U.S ., Labour, CNBC, Stock, Reform UK Party, Hargreaves, Deutsche Bank, ING, Bank of England, ECB Locations: Bishopsgate, City, City of London, London, France

☆ Liz Truss Caps List of High-Profile Conservative Seat Losses
▼ + stars: | 2024-07-05 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +1 min

Liz Truss, the former Conservative Party prime minister, lost her seat Friday morning. Five years ago, she won a majority of more than 26,000. This time, she lost by 630 votes, a huge swing in support to the Labour Party. She told the BBC that the reason the Conservatives lost was because “we haven’t delivered sufficiently on the policies people want,” such as keeping taxes low and reducing immigration. “During our 14 years in power, unfortunately, we did not do enough to take on the legacy we’d been left,” she said.

Persons: Liz Truss, we’d, ” Organizations: Conservative Party, Labour Party, BBC

☆ Popular weight-loss and diabetes medications linked to lower risk of some cancers, study finds
▼ + stars: | 2024-07-05 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +3 min

CNN —GLP-1 medications such as Ozempic and Wegovy may help lower the risk of certain cancers, a new study suggests. About 40% of new cancer diagnoses are associated with excess weight, according to the US Centers for Disease Control and Prevention. The risk was cut by more than half for gallbladder cancer, meningioma, pancreatic cancer and hepatocellular carcinoma, a kind of liver cancer. It was also significantly reduced for ovarian cancer, colorectal cancer, multiple myeloma, esophageal cancer, endometrial cancer and kidney cancer. And GLP-1 medications interact with systems related to insulin production.

Persons: CNN —, Dr, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, JAMA, CNN Health, Case Western Reserve University School of Medicine

☆ China faces economic headwinds as it grapples with an aging — and shrinking — population
▼ + stars: | 2024-07-04 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Fertility rates across OECD countries have halved since 1960, according to a new OECD report. He said the three countries are disproportionately impacted by a rapidly aging population, largely due to improved standards of living, which have a "very strong inverse relationship with fertility rates." These improved conditions have led to a greater opportunity cost for having children, Xu said. Shrinking workforceA decline in fertility rate puts pressure on the economy and the society at large as the working population shrinks. China's policy shiftsIn China, policymakers have been putting a big emphasis on "productivity growth," Xu told CNBC.

Persons: Leren Lu, Darren Tay, Erica Tay, Tianchen Xu, Xu, BMI's Tay, Tay, Maybank's Tay Organizations: OECD, BMI, Risk, United Nations, Economist Intelligence, Economic Co, National Bureau of Statistics, CNBC, Economist Intelligence Unit Locations: China, Asia, South Korea, Japan, East, Southeast Asia, Maybank

☆ Yen drops to 38-year low, U.S. dollar slumps after weak data
▼ + stars: | 2024-07-04 | by ( ) www.cnbc.com time to read: +5 min

A report indicating that the U.S. services sector contracted last month and factory orders fell also weighed on the dollar. The dollar was last up 0.1% at 161.64, after earlier falling to a session low below 161 following weak U.S. data. The yen also hit an all-time low of 174.48 against the euro . The euro rose to a three-week high against the dollar, and was last up 0.3% at $1.0781. Further pressuring the dollar was a weak U.S. services report from the Institute for Supply Management.

Persons: Sterling, Helen, —, Shunichi Suzuki, Jonas Goltermann, nonfarm Organizations: U.S ., Federal Reserve, European Central Bank, Bank of Japan, Monex USA, U.S, Finance, ADP, Reuters, Capital Economics, Institute for Supply Management, PMI, Fed Locations: United States, Washington ., U.S

☆ AI is amplifying social media disinformation — and making Big Tech civilly liable may be the key to stemming it
▼ + stars: | 2024-07-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

AI-generated so-called deepfakes are only exacerbating the problem and making it easier than ever to spread disinformation and misinformation via social media. Social media companies are protected from civil liability under a US lawSocial media has largely gone unregulated since its birth nearly three decades ago. So what's been the struggle for the government to address the issue of disinformation and misinformation on social media head-on? Related storiesMcQuade proposed amending Section 230 in order to hold social media companies accountable under certain circumstances. Major social media companies have their own misinformation policiesMany major social media companies, including Meta, TikTok and X, have their own policies when it comes to tackling misinformation and disinformation.

Persons: —, Barbara McQuade, McQuade, we've, what's, Gautaum Hans, Hans, there's, Donald Trump, Joe Biden, Biden, We've, abetted, Meta, Taylor Swift, Elon Musk Organizations: Service, United, Business, University of Michigan, US Department of Homeland Security, ABC News, Social, Communications, Big Tech, Cornell University, Republican, Democratic, US, Twitter, Google, Meta, Elon

☆ Carpenter ants are the only other animals known to amputate besides humans, researchers say
▼ + stars: | 2024-07-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

But over time, some species — including Camponotus floridanus, also known as carpenter ants — have evolutionarily lost them. “I wanted to see how an ant species that cannot use antimicrobial compounds to treat wounds would care for their injured,” Frank said. “In tibia injuries, the flow of the hemolymph was less impeded, meaning bacteria could enter the body faster. The researchers observed that ant-assisted amputations took about 40 minutes to complete, which is why the insects appeared to opt for femur amputations, but not tibia amputations. “We will keep studying wound care behavior in other ant species and try to understand its evolutionary origins,” Frank said.

Persons: Camponotus floridanus, Erik Frank, ” Frank, Frank, “, weren’t, Dany Buffat, Bart Zijlstra, Dr, Laurent Keller, Frank said, amputations, ” Keller, Keller Organizations: CNN, University of Würzburg, Switzerland’s University of Lausanne, University of Lausanne, “ Workers Locations: Florida, Germany’s, Bavaria, Ivory Coast, United States

☆ Chinese government bonds are on fire. That’s ringing alarms bells in Beijing
▼ + stars: | 2024-07-03 | by ( Laura He | ) edition.cnn.com time to read: +7 min

“What worries policymakers is the interest rate risk, which will rise once the dominant narrative shifts from deflation to reflation,” Hu from Macquarie said. If that happens, bond yields will rise as investors switch back into riskier stocks. The country’s “4,000 or so small and medium-sized banks” will be particularly vulnerable to the interest rate risk, he added. “The bubble formed by the rush of funds into the bond market is accumulating interest rate risks,” the Securities Times said in an editorial. Economic risksThe rapid decline in Chinese bond yields also poses significant risks to the economy.

Persons: “, ”, Pan Gongsheng, SVB, Larry Hu, ” Hu, Macquarie, Hu, Zhang Jiqiang, Ken Cheung Organizations: Hong Kong CNN, Silicon Valley Bank, People’s Bank of China, prudential, “, Federal Reserve, Macquarie Group, Zheshang Securities, Securities Times, Japan’s Norinchukin Bank, Huatai Securities, Mizuho Securities Locations: Hong Kong, Silicon, United States, Shanghai, China, Beijing, SVB, outflows

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