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BARCELONA, SPAIN - AUGUST 08: Former Catalan President Carles Puigdemont makes his first public appearance since he fled Spain in 2017, speaking at a public rally in Barcelona, Spain on August 08, 2024. Catalan police had the order to arrest him immediately, but Puigdemont managed to speak for several minutes outside of the Catalan parliament. (Photo by Adria Puig/Anadolu via Getty Images)Former Catalan separatist leader Carles Puigdemont returned to Spain after seven years of self-imposed exile, defying a pending arrest warrant and igniting a police manhunt. A Catalan Interior Ministry spokesperson confirmed to Reuters that the separatist politician has yet to be captured. Illa's platform won the largest share of the vote in the Catalan elections of May, dethroning Puigdemont's hardline separatist Junts per Catalunya party.
Persons: Carles Puigdemont, Puigdemont, Adria Puig, Salvador Illa, dethroning, Ignacio Garriga —, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Bill Organizations: Anadolu, Getty Images, CNBC, Interior Ministry, Reuters, Spanish, Government, Socialist Locations: BARCELONA, SPAIN, Spain, Barcelona, Catalonia, Spanish, Catalan, Catalonian, Catalunya
.VIX YTD mountain Cboe Volatility Index in 2024 That is literally what the VIX measures: expectations for volatility over the next 30 days. Was Monday a 'flash crash'? A "flash crash" is a sudden and severe price drop that lasts for a very short period, usually a few hours. "It appears that the sell-off of August 5th qualified as a flash crash, although it was rather modest by historical standards," he told me. During the 1987 flash crash, Higgins said an investor was trying to orchestrate trades on the phone while he was preparing to go to his relative's funeral.
Persons: Jamie Dimon, Alec Young, haven't, Mark Higgins, Higgins Organizations: Bank of Japan, Yen Trust, JPMorgan Chase, Fund, Dow Jones Locations: Japan, backwardation
Disappointing economic data recently generated worries that the Fed missed an opportunity at its meeting last week to, if not cut rates outright, send a clearer signal that easing is on the way. In the past, the Fed has implemented just nine such cuts, and all have come amid extreme duress, according to Bank of America. Lacking a catalyst for an intermeeting cut, the Fed is nonetheless expected to cut rates almost as swiftly as it hiked from March 2022-July 2023. Why wait?”LaVorgna, though, isn’t convinced the Fed is in a life-or-death battle against recession. Still, any quakes in the data, such as Friday’s downside surprise to the nonfarm payrolls numbers, could ignite recession talk quickly.
Persons: Jerome Powell, ” Steven Blitz, , Andrew Hollenhorst, , ’ ”, Michael Gapen, Powell, Joseph LaVorgna, , “ They’ll, isn’t, Goldman Sachs, David Rosenberg Organizations: Federal Reserve, TS Lombard, Fed, Citigroup, Bank of America, Nikko Securities, Rosenberg Research Locations: Jackson Hole , Wyoming, Nikko
Athletic Brewing Company is the official nonalcoholic beer partner of Arsenal F.C. Athletic Brewing Company has scored a partnership with Arsenal, becoming the English soccer team's first official nonalcoholic beer partner. Arsenal will feature Athletic Brewing's Run Wild IPA at Emirates Stadium for both men's and women's matches, and Athletic Brewing will launch a marketing campaign and a series of promotions in return, according to a press release. Run Wild IPA is less than 0.5% alcohol by volume, or ABV. The deal represents an opportunity for America's largest nonalcoholic brewery to expand in the U.K.
Persons: soccer team's Organizations: Athletic Brewing Company, Arsenal F.C, Arsenal, soccer, Emirates, Athletic Brewing
Buzz has been in short supply in southern Sardinia for some time now — some would say ever since the decline of the region’s Bronze Age Nuragic civilization. Yet on Italy’s second largest island, where sheep vastly outnumber people, there’s unmistakable new energy in Cagliari, its small Mediterranean capital, and the surrounding countryside. “We used to think of ourselves as rustic, as isolated in this island backwater,” a local lay historian, Venturino Vargiu, told me, as we watched the city’s annual folk costume extravaganza of Sant’Efisio. “But Sardinians are starting to understand that our culture has real value for us and for outsiders.”In Cagliari, there’s a surge in pride, along with a wave of new development, mostly aimed at increasing the already growing numbers of tourists. A light-rail line will connect the Marina with Cagliari’s hinterlands, and a new port, projected for 2026, is being constructed to move cruise ships farther away, allowing the yacht set to dock (and spend money) in Cagliari’s center.
Persons: Buzz, Venturino Vargiu, , Stefano Boeri Locations: Sardinia, Cagliari, , there’s, Marina, Cagliari’s
Squeeze on carry trades leave currency markets on edge
  + stars: | 2024-08-06 | by ( ) www.cnbc.com   time to read: +3 min
The Japanese yen and U.S. dollar on display in Yichang, Hubei province, Nov 13, 2023. The yen was 1% lower on Tuesday at 145.78 per dollar in early trading, after rising for five straight sessions and touching a seven-month high of 141.675 on Monday. "Sell-offs that manifest themselves through wild swings in the currency markets are sharp and swift, but usually very short lived," said Jamie Cox, managing partner at Harris Financial Group. "Markets are clearly nervous about the divergent paths central banks are taking, leading to lots of volatility." The dollar index , which measures the U.S. unit versus six rivals, was flat at 102.87 in early trading after touching a seven-month low of 102.15 on Monday.
Persons: Jamie Cox, James Athey, undervaluation Organizations: U.S, Federal Reserve, Federal, Harris Financial, Traders, Bank of Japan, Marlborough Investment Management Locations: Yichang, Hubei province, recessionary, Japan, Switzerland, Tokyo
Global Stock Market Chaos
  + stars: | 2024-08-06 | by ( Ben Casselman | ) www.nytimes.com   time to read: +1 min
Markets around the globe fell sharply; the S&P 500 index was down 3 percent. Stock markets are fickle, and their movements can’t tell you much about the health of the economy. But yesterday’s tumult reflects an underlying reality: The job market is cooling. Now, the unemployment rate, at 4.3 percent, is basically back to normal. By April 2020, the unemployment rate — which had been at a five-decade low of 3.5 percent — jumped to nearly 15 percent.
Persons: Covid Organizations: Stock
Read previewMarkets are rebounding after Monday's meltdown, injecting challenges into central banks' interest-rate decisions. The market volatility is due to a mix of factors including poor earnings results from several tech giants and a weak July payroll report. AdvertisementSome analysts are speculating that the BOJ rate cut was because it was under political pressure to shore up the floundering yen, Bloomberg reported on Monday. Related storiesGoing forward, the BOJ could have a harder time with the timing of its rate hike decisions. Talks of an emergency rate cutThe market selloff has also made the Fed's rate hike timing harder.
Persons: , Kospi, Taiwan's Taiex, Kyle Rodda, It's, Vishnu Varathan, Mizuho Bank's, Capital.com's Rodda Organizations: Service, Business, Bank of Japan, US Federal Reserve, , Bloomberg, Nikkei, Japan's, of Finance, Financial Services Agency Locations: Japan, Asia
In today's big story, we're giving a full breakdown of what has been a wild few days for the market . Tech: Big Tech is going through a bit of a mid-life crisis . Big Tech is going through a bit of a . There are a few factors at play here:Big Tech, the backbone of the market, had weaker-than-expected earnings last week. The decision could seriously hurt Google's revenue and may signal more antitrust enforcement to come for other Big Tech companies .
Persons: , Airbnb, Rebecca Zisser, We're, what's, Warren Buffett's, Berkshire Hathaway, I'm, Claudia Sahm, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Citadel's Ken Griffin, Griffin, it's, Natalie Ammari, That's, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Tech, Big Tech, Nasdaq, Federal Reserve, Apple, Oracle, Fed, Nvidia, Bank of America, Google Locations: Japan, Berkshire, Omaha, Asia, bitcoin, Florida, New York, London
It might seem more like an artform than a sport, but breakdancing — known professionally as breaking — is making its Olympics debut this month in Paris. The Olympics adopted the same name to honor its culture and history and preserve its authenticity, Nifontov said. As breaking makes its Olympics debut, Cooper said a part of him fears it will lose some of the cultural qualities that make it a unique artform. Breaking events are scored on five factorsLike gymnastics or figure skating, breaking competitions are scored by a panel of judges. She eventually left her job at a global cosmetics company to focus on breaking and lives in New York City, where she trains.
Persons: breakdancing, Victor Montalvo, Victor, who’s, Michael Jordan, , ” Montalvo, , Sergey Nifontov, James Brown, Richard Laird, Nifontov, Richard M, Cooper, ” Cooper, we’re, Brown, ” Nifontov, Robert Deutsch, Zack Slusser, Montalvo, Logan Edra, Yves Herman, it’s, , Sunny Choi, Andrew Kelly, Jeffrey Louis, Jeffro, Louis, ” Louis, I’ll, ” Choi, I’ve, ” CNN’s Gonzalo Alvarado Organizations: CNN, CNN En Espanol, New York City, DanceSport Federation, New York City's, American Studies, Widener University, Olympics, USOC Media Summit, Paris, USA, Sports, Reuters, International Olympic, Olympic, USA’s, Team USA, University of Pennsylvania Locations: Paris, New York, China, France, Japan, Netherlands, South Korea, Ukraine, Kazakhstan, United States, New, Chester , Pennsylvania, Africa, Hollywood, Argentina, Leuven, Belgium, Mexico, New York City, Florida
The GOP’s 2024 party platform calls for the repeal of President Joe Biden’s executive order on AI, which Republicans say "hinders AI innovation." Senate Majority Leader Chuck Schumer speaks to NBC News from the balcony of his Capitol office on Thursday, Aug. 1. “We have lots of AI proposals in the defense bill because AI has national security concerns,” Schumer told NBC News. It would require federal agencies to assess the potential risks of using AI before purchasing or deploying AI systems. But it also has real problems,” Schumer said, referring to the Future of AI bill.
Persons: Chuck Schumer, Elon Musk, Donald Trump, Kamala Harris, Schumer, Trump, ” Schumer, , “ We’re, , Joe Biden’s, “ Donald Trump, Frank Thorp V, TikTok, Sen, Mitt Romney, Brian Schatz, chatbot ChapGPT, Schumer —, , Mark Zuckerberg, Bill Gates, Sundar Pichai, Sam Altman, Jensen Huang, Martin Heinrich, Todd Young, Mike Rounds, Rounds, ” Rounds, Gary Peters, Thom Tillis Organizations: New, New York Democrat, NBC News, Republican, Democratic, Republicans, NBC, Big Tech, National Defense, Senate, 118th, National Institute of Standards, Technology, NIST, Senate Homeland Security, Star Locations: WASHINGTON, Harris, New York, eyeing, Republic, Congress, China, U.S, R, Utah, Hawaii, Sens
NASA and Indian spacecraft have spotted what they believe to be water on the moon’s surface, and Chinese scientists last year found water trapped in glass beads strewn across the moon. But people didn’t always know there was water on the moon, though scientists theorized about its existence for hundreds of years. “I think it has lots of potential, this new finding that we can extract molecular water directly from lunar soils,” Qian said. After the latest study, many Weibo users raised the possibility of growing plants or crops on the moon using the molecular water found in soil. “We can’t work behind closed doors – it would be best to attract all of their scientists to China,” one wrote.
Persons: China’s Chang’e, , David A, Ren Junchuan, Yuqi Qian, didn’t, NASA’s, Luna, Qian, ” Qian, , Xi Jinping’s, it’s, ” Kring, hasn’t, Bill Nelson, Weibo Organizations: Hong Kong CNN, NASA, Indian, Planetary Institute, University of Hong, China National Space Administration, Xinhua, CNN, , International Space, Weibo Locations: China, Hong Kong, ULM, Texas, Xinhua, University of Hong Kong, Soviet, SOFIA, United States
The news conference had been billed as an effort by international boxing authorities to clear up the reasons they banned two athletes from a women’s competition last year, and a chance to shed crucial light on what has become the biggest controversy at the Paris Olympics. Instead, the gathering started 90 minutes late, then veered into the chaotic almost immediately. And when it ended about two hours later, almost nothing about the controversy had been clarified at all. The head of the International Boxing Association, an organization no longer recognized by the International Olympic Committee to oversee the sport at the Games, had promised answers about why the organization excluded the two boxers, Imane Khelif of Algeria and Lin Yu-ting of Taiwan. Instead, appearing on a giant video screen from a room decorated with religious iconography, the association’s Russian president, Umar Kremlev, delivered wild accusations, personal attacks and employed questionable language when detailing the two women's cases.
Persons: Imane, Lin Yu, Umar Kremlev Organizations: Paris, International Boxing Association, International Olympic Committee, Games Locations: Algeria, Taiwan, Russian
On Friday, a report on American jobs showed a considerable slowdown in hiring, prompting a sell-off in U.S. markets. The Fed is expected to start cutting rates, which are at a more-than-two-decade high, later this year. The currency’s rise spooked investors, some of whom feared a stronger yen would spell the end of a more-than-yearlong rally in Japanese stocks that had been driven by a weakened currency. A popular trade among some investors involved borrowing in yen, and then investing it in markets like the U.S. But as the strength of the dollar this year began to ebb, profits from that trade also started to reverse course.
Organizations: Federal, Bank of Japan Locations: U.S, Japan
Opinion | In Kamala Harris’s Blackness, I See My Own
  + stars: | 2024-08-04 | by ( Danzy Senna | ) www.nytimes.com   time to read: +2 min
The Hollywood pitch goes something like this: Put a racially ambiguous Black person in the public eye — Kamala, Meghan, Barack. On this week’s episode, Donald Trump got his cameo, accusing Vice President Kamala Harris of switching races. “She was Indian all the way, and then all of a sudden she made a turn and she became a Black person,” he said during an appearance in front of the National Association of Black Journalists. — someone, somewhere, will accuse us of lying; of being a grifter trying to impersonate another race, a more real race. When we enter the spotlight, we are often treated as specimens, there to be dissected, poked, debated, disputed and disinherited.
Persons: — Kamala, Meghan, Barack, Count, Donald Trump, Kamala Harris, , Harris, , Kardashian Organizations: National Association of Black Journalists Locations: Indian
Nedoroscik sat in the agonizing bronze-medal position with one more competitor to go in the pommel horse final, unable to do anything but sit and watch. The set up was an about face from Nedoroscik’s hero-making turn during the men’s team final. Then the pommel horse specialist waited the entire meet before performing his routine, the last man up on any apparatus. Stephen Nedoroscik finishes his pommel horse routine in the final and the crowd goes WILD! Ireland’s Rhys McClenaghan, the gold medalist, is a two-time World Champion and Max Whitlock of Great Britain has won the last two Olympic golds on pommel horse.
Persons: PARIS, Stephen Nedoroscik, Nedoroscik, Hur Woong, Rhys McClenaghan, Nurmiman Kurbanov Organizations: U.S
Advertisement"It wasn't the kind of movie that you're really watching every single word. On Tim Curry convincing her to read for 'Rocky Horror' and being afraid to sing 'Happy Birthday'Tim Curry, Barry Bostwick, and Susan Sarandon in "The Rocky Horror Picture Show." I know it looks like we had so much fun, but we really didn't hang out that much or do any of that. On her 'give and take' with Ridley Scott over the 'Thelma & Louise' scriptSusan Sarandon and Geena Davis in "Thelma & Louise." AdvertisementI think that's what you do with every project you go through, to just try to understand the whole.
Persons: Susan Sarandon, She's, Sarandon, Lou, who's, Sheryl Lee Ralph, Megan Mullally, Bette Midler, Billy Wilder, Bull Durham, Thelma, Louise, Ridley Scott, Tim Curry, Barry Bostwick, Michael Ochs, Tim Curry —, Tim, Janet, Nobody, it'll, Richard O'Brien, Kevin Costner, Ron Shelton's, Kevin, Costner, Robbins, Ron, wouldn't, It's, I've, Geena Davis, Ridley, I'm, Arnold Schwarzenegger, Mel Gibson Organizations: Business, SAG, WGA, Bull, Michael Ochs Archives, Hollywood Locations: Key West , Florida, Florida, Savannah, LA, London, Bull, Rome
They spent six years behind bars until they were freed in 2022 in another prisoner exchange engineered by the Biden administration. And like the newly sprung Americans, Pereira’s first stop back in the U.S. was the Brooke Army Medical Center in San Antonio, Texas. “When you come back from something like this, you are like a bottle of Coca-Cola. And sometimes we were treated better and sometimes it was worse.”“The questions they kept asking us were, ‘How did you do it? “I didn’t realize there were so many people supporting my family and working to free me.
Persons: Evan Gershkovich, José Pereira, , Biden, Pereira’s, Pereira, he’d, readjust, Jorge Arreaza, Jose Angel Pereira, Gustavo Cardenas, Jorge Toledo, Jose Luis Zambrano, Tomeu, Alirio Jose Zambrano, Paul Whelan, Alsu, Vladimir Kara, Murza, “ Everybody, ” Pereira, Jason Rezaian, ” Rezaian, , ’ ” Pereira, you’re, it’s, Gershkovich, Whelan, Kurmasheva, Rezaian, Sam Goodwin, Goodwin, Sam, I’m Organizations: Wall Street, Brooke Army Medical Center, Twitter, Venezuela's, Bolivarian National Intelligence Service, Ministry, NBC News, Washington Post, Brooke Army Medical, military’s, Medical Center Locations: American, Venezuela, U.S, San Antonio , Texas, PISA, Caracas, Germany, Washington, North Carolina, Kara
At six million acres, New York’s Adirondack Park is the size of Vermont, and larger than all of New Jersey. A unique mix of state and private property that encompasses mountains, wilderness areas and lakes, the park draws more than 12 million visitors annually who want to hike, paddle, explore and more. I’ve vacationed in the park for the past 16 years, appreciating its wild beauty more each time I visit. Even with the park’s size — 10 distinct regions and 20 wilderness areas lie within its borders — many visitors don’t venture far from the park’s population centers. “The quieter parts of the park are untouched,” said Jane Hooper, communications manager for the area’s Regional Office of Sustainable Tourism.
Persons: I’ve, , Jane Hooper Organizations: area’s, Sustainable Tourism Locations: Vermont, New Jersey, Lake Placid
The chocolate muffins went viral after Norwegian swimmer Henrik Christiansen posted about them on TikTok. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf the Olympic dining hall food could participate in a competition, the chocolate muffin would be a sure winner. The pastry went viral when Norwegian swimmer Henrik Christiansen posted videos of himself devouring the dining hall snack. "Guys, I think I have a problem," he captioned a TikTok video that showed his drawer full of muffins.
Persons: Henrik Christiansen, Organizations: Bakers, Service Locations: Norwegian
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmazon CFO Brian Olsavsky says the volatile news cycle is partly to blame for its lower than expected sales forecast for the quarter. "There's a lot of events that are occupying people's attention right now from political conventions to the election itself to the Olympics," he continued. "No matter what you're selling or providing, customers only have so much attention," Olsavsky said. In addition to issuing a weak revenue forecast, the company also said it missed sales estimates in the second quarter of 2024.
Persons: , Brian Olsavsky, Journal's Sebastian Herrera, Olsavsky, Axios, King, Donald Trump's, hasn't, It's Organizations: Service, Business
Growth stocks have been volatile, with tech names going through wild swings in recent weeks. On the whole, growth stocks are up this year, although they recently fell slightly. What are some of such stocks that investors can buy and hold for the next 10 years? CNBC Pro asked fund managers and other investors who focus on growth stocks for some ideas. There are two segments in this business: original equipment and aftermarket, according to him.
Persons: Russell, TransDigm, Casey's, Janjigian Organizations: Nasdaq, . Federal Reserve, CNBC Pro, Waste Management, Republic Services Group, Carnegie Investment, Greenwich Wealth Management, U.S . Food, Drug Administration
Brazilian gymnast Rebeca Andrade could be Biles’ biggest competition in Thursday’s all-around finals – and has gone head-to-head with the American before. At the World Championships last year, Andrade took gold in the vault, while Biles took silver. This victory made Andrade the first athlete to surpass Biles on the vault in that competition since 2015. Andrade also won the world all-around gold medal in 2022. This apparatus can make a difference between who wins gold and who wins silver.
Persons: Simone Biles, Rebeca Andrade, Andrade, , Biles, USA’s Sunisa Lee, MyKayla Skinner, Paulo, Rosa, she’s, Organizations: CNN, Netflix Locations: Thursday’s, Biles, Tokyo, Curitiba, Rio
The preacher stood wild-eyed before his flock, swaying to a gospel choir. His pompadour stood tall, his voice was thunderous, and his all white suit perfectly matched the heeled white loafers he was wearing on his feet. Behind them hung a 14-foot high photo of Earth, the very reason this preacher, choir and congregants had gathered in a converted storefront in Manhattan’s East Village one Sunday in July. “We’re all aware at some level in our bodies that the Earth is off the charts,” Mr. Talen intoned to the 70 or so people there. “We are living inside of the time right now that they have been warning us about.”
Persons: pompadour, Billy Talen, , ” Mr, Talen intoned, Locations: Manhattan’s
Inspired Capital co-founders Lucy Deland (left), Alexa von Tobel (center), and Mark Batsiyan (right) speak to portfolio companies at the firm's annual founder dinner in June 2024. Born and raised in Jacksonville, Florida, von Tobel attended Harvard University, where she graduated with a degree in psychology. AdvertisementInspired Capital co-founders Alexa von Tobel and Penny Pritzker. Inspired Capital founding partners Mark Batsiyan, Lucy Deland, Alexa von Tobel, and Penny Pritzker. Although von Tobel was on vacation outside the country, she stepped away from a fancy dinner to take McNulty Rojas's call and brainstorm solutions.
Persons: Alexa von Tobel, she's, Lucy Deland, Mark Batsiyan, It's, von Tobel, Capital's, who's, Zuckerburg, I've, Morgan Stanley, , LearnVest, Batsiyan, Alexa, they'd, von Tobel's, Penny Pritzker, Obama, Brynne McNulty Rojas, — von Tobel, McNulty Rojas, Habi, Tobel, Von, Deland, it's, von, McNulty, hasn't, guac, She's, Benjamin Vandiver, Ivan Zhao, Lindsey Vonn Organizations: Flatiron, Business, New York VC, Harvard University, Facebook, Harvard Business School, Accel Partners, American Express Ventures, Northwest Mutual, LearnVest, Ventures, Northwest, Capital, Harvard, of Commerce, America Fund, Tiger Global Management, II, Alexa, Inc, Magazine, Winder, New York Locations: Jacksonville , Florida, New York, Deland, Miami, Latin America, York
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