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☆ European markets head for higher open as traders assess simmering geopolitical tensions
▼ + stars: | 2024-11-20 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to open higher Wednesday as markets keep an eye on a spike in tensions in the Ukraine-Russia war. The U.K.'s FTSE 100 index is expected to open 4 points higher at 8,106, Germany's DAX up 46 points at 19,108, France's CAC up 23 points at 7,252 and Italy's FTSE MIB up 118 points at 33,567, according to data from IG. Asia-Pacific markets were mostly lower overnight after a mixed day on Wall Street amid the mounting geopolitical tensions. U.S. stock futures ticked higher on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia . Traders are looking for more details on demand for Nvidia's Blackwell AI chips, which CEO Jensen Huang last month characterized as "insane."

Persons: Germany's DAX, Nvidia's, Jensen Huang Organizations: France's CAC, IG, Global, West ., Nvidia, Traders, Nvidia's Blackwell, Nasdaq Locations: Ukraine, Russia, U.S, West, West . Asia, Pacific, Severn Trent, British

The White House on Monday joined city, state and Jewish community leaders in Ohio condemning a small group who marched through Columbus on Saturday chanting racial slurs and white nationalist slogans while carrying Nazi flags. Neo-Nazis — their faces hidden behind red masks — roamed streets in Columbus today, carrying Nazi flags and spewing vile and racist speech against people of color and Jews," Ohio gov. Shannon Hardin, Columbus City Council president, said on X that the community "rejects their pathetic efforts to promote fear and hate," adding that he was in touch with law enforcement. Columbus City Attorney Zach Klein said on X he was also in contact with police over the march and said his office would monitor the group involved. "Take your flags and the masks you hide behind and go home and never come back," he said.

Persons: Biden abhors, Andrew Bates, Anne Frank, Mike DeWine, Shannon Hardin, Donald Trump, Trump, Karoline Leavitt, Zach Klein, Lee Shapiro, Shapiro, Christopher Pohlhaus, Oren Segal Organizations: Monday, NBC, North Arts, NBC News, Columbus City Council, “, Columbus, American Jewish Committee, Trump, Nazi, ” Police, Defamation League Center, Extremism, New York Times, Hate Locations: Ohio, Columbus, United States, Michigan, Charlottesville , Virginia, Springfield , Ohio, Springfield, Louis

But many Republicans and Gaetz allies have touted his aggressive style as an essential attribute for an attorney general. The president-elect filled some of those spots Thursday evening, appointing a series of his own personal lawyers to run key sections of the Justice Department. Trump also announced his selection of Emile Bove, another member of his criminal defense team, to be principal associate attorney general. Now, while some of his colleagues in Congress expressed skepticism of his pick as attorney general, they said they are prepared for a detailed confirmation process. As attorney general, Gaetz would be in control of the FBI investigative files that detail the evidence the bureau uncovered.

Persons: Donald Trump, Matt Gaetz, Trump, Gaetz, there’s, John Morgan, doubters, Morgan, ” Morgan, “, General Merrick Garland, Joe Biden, Todd Blanche, Emile Bove, ”, AnchorsGordon didn’t, Lawrence “ Larry ” Keefe, Keefe, Ron DeSantis, Feedback Sen, Klobuchar, —, Michael Cohen, Sen, Rick Scott, ” Gaetz, Hunter, Hank Johnson, Kevin McCarthy, Liz Cheney, Gaetz didn’t, South Carolina Sen, Lindsey Graham, Bill Barr, Joel Greenberg, CNN’s Kristen Holmes Organizations: CNN, Justice Department, Trump, Florida Republican, Prosecutors, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, Drug Enforcement Administration, Democrats, Capitol, Senate, Panhandle Republican, Truman, Florida State University, & Mary Law School, AnchorsGordon, Florida Panhandle, Partners, Florida, Northern, Northern District of Florida, Vineyard, Tallahassee statehouse, Republican, Florida Bar, Florida Republicans, Washington Elected, White, Republican Party, House Republican, Union, House Intelligence, Democratic, Judiciary Committee, FBI, South, Garland’s Justice Department Locations: Congress, United States, Trump’s, Florida, Gaetz, Manhattan, Northern District, Texas, Tallahassee, Washington, Wyoming, South Carolina

☆ Postelection stock market thrust unable to be sustained as rate and valuation worries creep back in
▼ + stars: | 2024-11-16 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX 1M mountain S & P 500, 1 month The S & P is still about 3-4% above levels where chart readers would start to get more concerned about the underlying trajectory. Even in Friday's 1.3% slide in the S & P 500, only two-thirds of all stocks were down on the day and the equal-weight S & P was off a modest three-quarters of a percent. It makes sense that the market wasn't able to summon a sustained thrust of exuberance after the election anxiety evaporated, given the somewhat demanding starting point. A more mature economic and risk cycle and vulnerability to higher rates among smaller, lower-quality stocks mean they aren't likely to lead from here, Pies says. Is the market presciently foretelling an unleashing of transactional fervor that will return Wall Steet's middlemen to their former glory?

Persons: Goldman Sachs, Russell, Jay Powell, Warren Pies, Goldman Organizations: Nasdaq, KBW, ICE, Trump, Federal Reserve, Investors, Bank, 3Fourteen Research, Wall Street Locations: Friday's

☆ Dollar winds down after volatile week, China NPC in focus
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: +4 min

The dollar further unwound some of its sharp gains from earlier in the week as traders closed out profitable bets on a Trump presidency after his election victory. That helped lift sterling back toward the $1.30 mark, while the yen similarly got some respite and hovered closer to the 153 per dollar level. Sterling last traded $1.2983, recovering from its fall to a roughly three-month low earlier in the week. Against a basket of currencies, the dollar ticked up 0.03% to 104.44, on track to gain just above 0.1% for the week. "All eyes are on what may emerge from China's policy toolkit after the conclusion of the NPC standing committee meeting."

Persons: Donald Trump's, Chancellor Olaf Scholz, Kerry Craig, Trump, Wells, Jay Bryson, Sterling, David Chao Organizations: White, National People's Congress, Trump, Federal Reserve, Morgan Asset Management, Traders, Bank of England, NPC, New Zealand, Asia Pacific, European Union Locations: U.S, Beijing, Germany, Wells Fargo, Japan, Invesco

☆ Bill Gates predicted AI's lucrative potential nearly a decade ago—now it's worth billions: Here's what he saw
▼ + stars: | 2024-11-06 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Tech giants have poured billions of dollars into AI, and "prompt engineering" is a lucrative, in-demand job. "That kind of technology is in all the leading companies and a lot of universities," said Gates. "They finished it in just a few months," wrote Gates, calling the achievement "the most important advance in technology since the graphical user interface [in 1980]." "Today, somebody could raise billions of dollars for a new AI company [that's just] a few sketch ideas," Gates said, adding: "Just believing in AI, that's not very unique. Start today and use coupon code EARLYBIRD for an introductory discount of 50% off through November 26, 2024.

Persons: Bill Gates, Gates, Berkshire Hathaway, Warren Buffett, Elon Musk, Peter Thiel, Reid Hoffman, He'd, OpenAI, stoking, that's Organizations: Tech, Microsoft, Columbia University, Berkshire, Apple, IBM, PayPal, LinkedIn, CNBC Locations: chatbots

☆ American Battleground: Cat people are still haunting Trump’s campaign
▼ + stars: | 2024-10-31 | by ( Tom Foreman | ) edition.cnn.com time to read: +21 min

“Kamalaaaaaaaa!”Oprah Winfrey is belting it out in her sweet home of Chicago, welcoming the joyous, raucous, unmerciful dismantling of former President Donald Trump that is defining this Democratic National Convention. A second, very different presidential debateIn Philadelphia, a birthplace of American democracy, Harris is charging Trump before the first question. Trump’s debate prep team predicted and feared this strategy so much they brought in Florida Rep. Matt Gaetz to play tormentor in practice rounds with their candidate. “I’m actually going to do something very unusual,” she says, “and I’m going to invite you to attend one of Donald Trump’s rallies, because it’s really interesting to watch. CNN’s Phil Mattingly, who covered Harris in the Senate, spoke with a senior Trump campaign adviser just ahead of the debate.

Persons: Joe Biden, Donald Trump, Read, “, Oprah Winfrey, Kamala Harris, Joe Biden’s, Harris, Hillary Clinton, ” Biden, Bill Clinton, Barack Obama, Jason Carter, Jimmy Carter, Michelle Obama claps, Biden, Trump, “ They’re, “ Who’s, Tim Walz, Taylor Swift, Rebecca Wright, CNN Harris, ”, Mo Elleithee, pollsters, CNN’s John King, “ Trump, ’, “ Kamala Harris, David Muir, Linsey Davis, ” Harris, Matt Gaetz, Michael Le Brecht, ” CNN’s Kristen Holmes, ‘ Don’t, Harris skewers Trump, Trump gamely, ” Trump, Ashley Etienne, Nancy Pelosi, “ I’m, Donald Trump’s, Hannibal Lecter, don’t, Miss Sassy, Sassy, Mike DeWine, Jeff Winter, Ohio Sen, JD Vance, Dana Bash, Dana, Springfield, Daniel Dale, Dale, Erick Erickson, ‘ Trump, keener, Harris ’, Trump’s, CNN’s Phil Mattingly, you’re, CNN’s Alayna Treene, ” CNN’s Chris Wallace, ” Wallace, he’s, Doug Emhoff, Scott Pelley, Lynne Sladky, Swift, Cat Lady, TAYLOR SWIFT, Harris romps, “ He’d, Jeff Zeleny Organizations: CNN, Democratic, Convention, Trump, Georgetown Institute of Politics, Public Service, Republican, ABC News, Florida Rep, ABC, New York Times, Miss, Republican Gov, Fox News, YouTube, Senate, CBS, Service, Trump International Golf Club, AP Trump Locations: Chicago, United States, City, Big, America, Philadelphia, Florida, Mexico, Springfield, Ohio, Springfield , Ohio, State, Miss, West Palm Beach , Florida

☆ Eyeing U.S. election, China considers over $1.4 trillion in extra debt over next few years, Reuters reports
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +4 min

The 6-trillion-yuan worth of debt would be raised over three years including 2024, said the sources, adding the proceeds would primarily be used to help local governments address off-the-books debt risks. Local governments would be allowed to raise that amount on top of their usual annual issuance quota, which mainly funds infrastructure spending. The quota stood at 3.9 trillion yuan this year and 3.8 trillion in 2023. The latest move is aimed at enhancing local governments' ability to manage land supply, and alleviate liquidity and debt pressures on both local governments and property developers, they added. Special-purpose bonds are a tool for off-budget debt financing used by Chinese local governments, with the proceeds raised typically earmarked for specific policy objectives, such as infrastructure expenditures.

Persons: Stringer, Donald Trump, it's, Tommy Xie, Trump, Kamala Harris Organizations: Afp, Getty, National People's Congress, Reuters, Information, NPC, Greater, Greater China Research, OCBC Bank, U.S, Trump, Republican, Democratic Locations: Chongqing, China, Beijing, Greater China

☆ Why experts are skeptical of Elon Musk’s lofty pro-Trump predictions based on early vote data
▼ + stars: | 2024-10-30 | by ( Marshall Cohen | Ethan Cohen | ) edition.cnn.com time to read: +6 min

Partisans from both sides routinely cite early voting data to promote their candidates and express optimism or try to juice turnout based on supposedly weak numbers. Like many political observers, including at CNN, Musk has noticed the better-than-2020 GOP performance in early voting in North Carolina, Nevada and other key states. Registered Republicans make up about 32% of the early vote in Pennsylvania so far, up from 21% at this point in 2020. The improved GOP position in early voting that Musk highlighted is happening in other states as well. Not all registered Republicans will vote for Trump, and not all registered Democrats will back Harris.

Persons: Elon Musk, Donald Trump, Kamala Harris, ”, won’t, David Becker, Trump, Musk, ” Becker, would’ve, isn’t, Ben Ginsberg, “, ” Ginsberg, Harris, ” Isaac Saul Organizations: CNN — Tech, –, Election Innovation, Research, Trump, ” Trump, CNN, Musk’s, Pennsylvania, Republican National Committee Locations: Pennsylvania, Virginia, Pennsylvania –, North Carolina , Nevada, New Jersey, Catalist, North Carolina, Arizona

CNN —Former President Donald Trump on Tuesday claimed two Pennsylvania counties are experiencing voter fraud despite both officials there maintaining they’re still investigating potential issues related to voter registration applications. “This on top of Lancaster County being caught with 2600 Fake Ballots and Forms, all written by the same person. While announcing the suspected fraud, Lancaster officials said at least two other counties may have also received fraudulent voter registration applications. On Tuesday, York County spokesperson Greg Monskie would not confirm to CNN whether it had received fraudulent voter registration applications and couldn’t speak to any connection with the issues alleged in Lancaster County. The interaction took place at the Voter Service Center in Media, Pennsylvania, the seat of the suburban Philadelphia county.

Persons: Donald Trump, Trump, ”, ” Trump, Josh Shapiro, CNN’s Kaitlan Collins, “, ” Shapiro, Greg Monskie, Julie Wheeler, ” Wheeler, Al Schmidt, Michael Whatley, Trump’s, Don’t, Val Biancaniello, Biancaniello, Monica Taylor, ” Linda Kerns, CNN’s Jack Forrest Organizations: CNN, Republican National Committee, York, RNC, Trump, Lancaster, State, Pennsylvania Democratic Gov, stoke, Lancaster County, Office, Republican, Voter Service Center, . Delaware County Park Police, Government, GOP, Pennsylvania Department of State, “, Police, Media, Supreme Locations: Pennsylvania, Lancaster, York County , Pennsylvania, Lancaster County, PENNSYLVANIA, Trump, county’s, York, York County, Delaware County, Media , Pennsylvania, Philadelphia county, . Delaware County, ”

☆ Luxury stocks may be a risky China stimulus bet
▼ + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.

Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, —, Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH

☆ Want to Understand America? Watch ‘Shark Tank.’
▼ + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com time to read: +19 min

“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.

Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, ”, Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, “, Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, “, Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens

☆ ‘Terrifier 3’ tops box office with $18 million debut, ‘Joker: Folie à Deux’ collapses with brutal 81% drop
▼ + stars: | 2024-10-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

There’s only room for one killer clown at the top of box office charts. Meanwhile “Joker: Folie á Deux,” which topped the box office last weekend, collapsed in third place with $7.055 million from 4,102 theaters. So far, “Folie a Deux” has generated $51.6 million domestically and $165.3 million globally. The well-reviewed family film has amassed $83.73 million domestically and $148 million globally to date. It has earned $52.8 million domestically and $111 million worldwide so far.

Persons: “, Beetlejuice, ”, Joaquin Phoenix, Damien Leone, David A . Gross, Pharrell Williams, Morgan Neville, Rogers, Gross, Sony’s, Jason Reitman, Sebastian Stan, Donald Trump, CinemaScore, Trump, Tim Burton’s, ‘ Taylor Swift, Paul Dergarabedian, “ It’s Organizations: Warner Bros, Rotten, Motion, Entertainment Research, Cannes Film, Briarcliff Entertainment, Universal, DreamWorks, Optimus Locations: North America, CinemaScore

☆ Prices in China are stagnating, putting more pressure on Beijing to jump-start the economy
▼ + stars: | 2024-10-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Fresh signs of deflation in China are stoking demand for national stimulus to revive the economy. China's headwinds include a burst property bubble, high youth unemployment, and threats to exports. AdvertisementChinese officials are under mounting pressure to stimulate the economy after official price data released Sunday stoked fresh deflation fears. That was below the consensus estimate of 0.6%, which would have matched the rate of price growth in August. But both agree that China needs stimulus to overcome the deepening property crisis and fight deflation."

Persons: —, Goldman Sachs, Xi Jinping, Ipek Organizations: Service, Big Tech, Bloomberg, Swissquote Bank Locations: China

“The overall trend is unmistakable: The far right is gaining ground,” said Matthijs Rooduijn, a politics professor at the University of Amsterdam. But recent elections have seen the far right increasingly usurp centrist conservatives as the main right-wing force. “But that potential upper limit just keeps increasing.”The far right is “no longer second fiddle to the main right-wing party. Centrists can sometimes cobble together coalitions to keep out the far right — even if those parties are smaller individually. Whereas in France, Le Pen was kept from victory in June-July parliamentary elections by an intricate network of tactical voting between erstwhile rivals.

Persons: Donald Trump, remigrate, Geert Wilders, ”, Matthijs Rooduijn, ” Wilders, “, Le Pen, Wilders ’, Le, ” It’s, Björn Höcke, Jens Schlueter, Nadia Urbinati, Markus Wagner, ” Wagner, Jordan Bardella, Benjamin Girette, Herbert Kickl Organizations: U.S, Austria’s Freedom Party, NBC News, France’s National, Marine, University of Amsterdam, University of Georgia, London, Dutch Party for Freedom, France “, jihadists, NBC, Germany, Nazi, Ukraine —, Columbia University, Labour Party, ”, University of Vienna, France’s Rassemblement National, Bloomberg, Getty, Austrian People’s Party Locations: Germany, European, Europe, East, North Africa, France, Britain, “, Austria

CLEVELAND — Some Democrats working to re-elect Sen. Sherrod Brown in Ohio this fall are attempting to raise fears about his opponent’s Colombian family and heritage, drawing charges of racism from Republicans. “Our tax dollars, a Moreno family windfall. Bernie Moreno only cares about himself.”The rhetoric has become a late-emerging tension point in a race that could determine partisan control of the Senate. Ohio and Montana, two states where former President Donald Trump twice won by large margins, are the top two GOP targets. The Ohio race is one of the most expensive in the country this fall, with total ad spending exceeding $100 million since Sept. 1.

Persons: Sen, Sherrod Brown, Bernie Moreno, ” Peg Watkins, Brown, ” Watkins, Chuck Schumer, Moreno, “, Bernie, ”, Donald Trump, Ohio’s, ” Moreno, Sarah Guggenheimer, Schumer, “ Ohioans, ” Guggenheimer, Watkins, Moreno’s, Luis Alberto Moreno, WinSenate, Trump, JD Vance, Jai Chabria, Vance, there’s, Republicans ’, Jimmy Kimmel, ” Chabria, Philip Letsou, ” Letsou, “ Sherrod Brown, scrutinizes Moreno Organizations: CLEVELAND —, Democratic Party, Senate, Signal Ohio, GOP, NBC, PAC, Associated Press, Inter, American Development Bank, Republicans, Democratic, National Republican Senatorial Committee Locations: Ohio, United States, Delaware County, Columbus, Colombia, West Virginia, Montana, U.S, Cleveland, South America, Springfield, Colombian, Washington, American, Caribbean, Springfield , Ohio

Nonfarm payrolls added 254,000 jobs in September, while the unemployment rate fell to 4.1%, down 0.1 percentage points. "It was a very good report across every indicator in there," said Aaron Sojourner, a senior researcher at the W.E. As they barnstorm across battleground states, Harris and Trump paint dueling pictures of the U.S. labor market. Jim Watson | AFP | Getty ImagesThe jobs report adds to a flurry of good economic news in recent weeks, with metrics that could potentially amount to the best economic upswing in decades. Following the jobs report blowout, the Dow Jones Industrial Average closed out last week at a fresh all-time high of 42,352.75.

Persons: Kamala Harris, Donald Trump, payrolls, Dow, Aaron Sojourner, Harris, Trump, Jim Watson, I've, Mark Zandi, Biden, Clinton, Justin Wolfers, stoking Organizations: . Upjohn Institute, Employment Research, Trump, CBS, Republican, Ryder Center for Health, Physical Education, Saginaw Valley State University, AFP, Getty, Federal Reserve, University of Michigan, Dow Jones, Nasdaq, chipmaker Micron Technology, Oracle Locations: U.S, Michigan, America, Saginaw, Saginaw , Michigan

☆ ‘Impossible’ for Communist China to be our motherland as we’re older, Taiwan’s president says
▼ + stars: | 2024-10-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

CNN —It is “absolutely impossible” for Communist China to become Taiwan’s motherland because the island’s government is older, Taiwan’s president has said in a carefully timed speech that underscores the intense historical rivalry between the two. Despite having never controlled Taiwan, China’s ruling Communist Party has vowed to “reunify” with the self-governing democracy, by force if necessary. But many people on the island view themselves as distinctly Taiwanese and have no desire to be part of the People’s Republic of China. In Beijing, the CCP took power and founded the People’s Republic of China (PRC) on October 1, 1949. They later joined Taiwan’s evolution into a democracy and have made significant ideological transformations, including favoring closer ties with Communist China.

Persons: Lai Ching, China’s, “, Lai, Mao Zedong’s, Xi, ” Lai, Lai’s, Republic of China ’, ’, Ling Tao, ” Xi, ” Organizations: CNN, Communist Party, CCP, ROC, Nationalist, Kuomintang, KMT, Democratic Progressive Party, Facebook, Nationalists, Communist China, of, People, Xinhua, “ Locations: Communist China, Taiwan, People’s Republic of China, Beijing, Republic of China, ROC, China, Nationalist, Japanese, Imperial Japan, Mao Zedong’s Communist, Taipei, Taiwan’s, Taiwan Strait, “ Taiwan

☆ Lebanon: Israeli bombardment the ‘most intense aerial campaign’ outside Gaza in last two decades
▼ + stars: | 2024-10-04 | by ( Kara Fox | ) edition.cnn.com time to read: +6 min

The bombardment, which Israel says is targeting Hezbollah strongholds in the country, marks the world’s “most intense aerial campaign” outside of Gaza in the last two decades, according to the conflict monitoring group Airwars. “This isn’t normal,” Tripp said of both the scale and size of Israel’s strikes on Lebanon. CNN teams in Beirut this week found that many Israeli strikes happened without prior warning. Umm Mohammed and her five-year-old son who escaped the Israeli bombardment of southern Lebanon, are now sheltering under a tarpaulin on a seaside boardwalk in Beirut. More than 100 villages in southern Lebanon have now been issued the evacuation notices, stoking fears of an expanded ground invasion.

Persons: CNN — Israel, Emily Tripp, Raqqa, Israel, ” Tripp, Hassan Nasrallah, Umm Mohammed, Jomana Karadsheh, –, Michael Adams, , stoking Organizations: CNN, ISIS, Amnesty, CNN Hezbollah, CARE International, Residents Locations: Lebanon, Israel, Gaza, United States, Afghanistan, Beirut, Jomana, Iran, Gaza –, Dahiyeh, Beirut –

☆ Dollar hits one-month peak to yen as Fed seen taking time with rate cuts
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +3 min

The euro languished not far from a three-week trough reached in the previous session, after normally hawkish European Central Bank policymaker Isabel Schnabel took a dovish tone on inflation, cementing bets for a rate cut this month. Currently, traders lay 34.6% odds of another 50 basis-point U.S. rate cut on Nov. 7, after the Fed kicked off its easing cycle with a super-sized reduction last month. "I do think that if the payrolls report overall is not too shabby tomorrow night, then we will see that pricing (for a 50 basis-point cut) coming in quite significantly." The dollar added 0.09% to 146.575 yen after earlier reaching 146.885 for the first time since Sept. 3. The euro was little changed at $1.10455, sitting not far from Wednesday's low of $1.10325, a level last seen on Sept. 12.

Persons: European Central Bank policymaker Isabel Schnabel, Ray Attrill, Attrill, Asahi Noguchi, Sterling Organizations: Federal Reserve, European Central Bank, Private U.S, ADP, Fed, National Australia Bank, Dovish Bank of Japan Locations: U.S, Iran, Israel

☆ Daniel Day-Lewis ends acting retirement for a movie directed by his son
▼ + stars: | 2024-10-02 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

New York AP —Daniel Day-Lewis is coming out of retirement, seven years after his last movie, for a film directed by his son Ronan Day-Lewis. The project was announced Tuesday by Focus Features and Plan B, which are partnering on “Anemone.” The film, Ronan Day-Lewis’ directorial debut, will star his father along with Sean Bean and Samantha Morton. Earlier Tuesday, Daniel Day-Lewis and Bean were spotted riding a motorbike through Manchester, England, stoking intrigue about his impending return to acting. After making Paul Thomas Anderson’s 2017 film “Phantom Thread,” the 67-year-old had said he was quitting acting. “We could not be more excited to partner with a brilliant visual artist in Ronan Day-Lewis on his first feature film alongside Daniel Day-Lewis as his creative collaborator,” said Peter Kujawski, chair of Focus Features.

Persons: Daniel Day, Lewis, Ronan Day, Lewis ’, Sean Bean, Samantha Morton, Bean, Paul Thomas Anderson’s, ”, Martin Scorsese, ” Ronan, “, Peter Kujawski Organizations: York AP, Focus, Magazine, National Board Locations: Manchester, England, York, New York, Hong Kong

Scientists with the National Weather Service and the National Hurricane Center began sounding the alarm as early as Sept. 23. In a YouTube video posted that morning, the National Hurricane Center’s deputy director, Jamie Rhome, described a tropical cyclone that would “briskly develop” into a hurricane. Monday night, the National Weather Service posted on X that heavy rain and powerful wind gusts would hit the Southeast later in the week. “It is not common for the National Weather Service to use words like ‘catastrophic’ to describe forecasts,” Buncombe County Manager Avril Pinder said at a news conference Thursday morning. That has made even apolitical groups like the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service a target of some Republicans.

Persons: Hurricane Helene, Amanda Wright, Wright, ” Wright, “, Jamie Rhome, David Novak, Avril Pinder, grimly, ” Novak, ”, Mae Creadick, Donald Trump, Helene, ” Trump, Kelli Burns, ” Burns, Chris Gloninger, Gloninger, we’re, ” Gloninger, Asheville ”, ” Ophir Organizations: Hurricane, National Weather Service, National Hurricane Center, NWS, Prediction, Social, NBC News, ”, Oceanic, Atmospheric Administration, NOAA, University of South, University of Buffalo Locations: U.S, Knoxville , Tennessee, Asheville , North Carolina, Florida’s Big Bend, Hurricane, North, Buncombe, Taylor County , Florida, Buncombe County, Asheville, Columbia , South Carolina, ” In Tennessee, University of South Florida, North Carolina, Kings Mountain , North Carolina, Ophir

Here’s what you need to know:• Israeli strikes killed over 100 people and wounded over 350 others in Lebanon on Sunday. The Israeli military said it was striking Hezbollah, including in attacks by fighter jets on about 45 targets near a village in southern Lebanon. The Houthis, like Hamas and Hezbollah, are among the Iran-backed militant groups battling Israel since the war in Gaza began. Hundreds of thousands of people have been forced onto the streets as Israeli strikes destroy homes and infrastructure. • US President Joe Biden said he is “working like hell” with allies to prevent an all-out war in the Middle East.

Persons: stoking, :, •, Nabil Qaouk, Hassan Nasrallah, Israel, Joe Biden, Benjamin Netanyahu Organizations: Sunday, Relief Locations: Beirut, East, Israel, Lebanon, Yemen, Iran, Gaza

☆ Dollar drifts, risk-sensitive currencies lifted by China optimism
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +4 min

The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. "This suggests a more cautious approach to interest rate cuts, prioritizing a balance between the Fed's employment mandate and keeping an eye on inflation risks." The risk-sensitive Australian and New Zealand dollars also held near multi-year highs due to China stimulus plans. AUD/On Thursday, China's leaders pledged to support the struggling economy through "forceful" interest rate cuts and adjustments to fiscal and monetary policies, stoking expectations for more stimulus.

Persons: Ryan Brandham, Sterling, China's Organizations: Federal Reserve, North America, Validus Risk, New, Communist Party, ING Locations: U.S, China, New Zealand

☆ Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
▼ + stars: | 2024-09-24 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut as she worries that inflation could reignite. In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed’s twin goals of achieving low inflation and full employment. Though Bowman favored a reduction, she preferred the Fed lower by a quarter percentage point, more in line with the traditional moves at the central bank. In recent statements, Fed officials have cited easing inflation and a softening labor market as justification for the cut. At last week’s meeting, individual policymakers indicated they expect another half percentage point in cuts this year and another full point in 2025.

Persons: Michelle Bowman, Bowman, ” Organizations: Federal Locations: Kentucky

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