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The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include payments services from Apple, Google and Amazon, as well as fintech firms including PayPal and Block and peer-to-peer services Venmo and Zelle. While the CFPB already had some authority over digital payment companies because of its oversight of electronic fund transfers, the new rule allows it to treat tech companies more like banks. “Digital payments have gone from novelty to necessity and our oversight must reflect this reality,” said CFPB Director Rohit Chopra. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.
Persons: , Rohit Chopra, CFPB, Trump Organizations: Consumer Financial, Tech, Apple, Google, PayPal, , Federal
Two of the biggest Harry Potter fan communities, MuggleNet and The Leaky Cauldron, denounced Rowling’s views and severed ties with the author’s future projects. On Sept. 10, she posted the U.K. open casting call for the roles of Harry Potter, Hermione Granger and Ron Weasley to her 14.2 million followers on X. “Every time we sit down to have a fun conversation about Harry Potter, the conversation becomes angry and depressing, and so we end up not publishing,” she says. “There are so many fans who deeply disagree with what Rowling is saying, but still want to engage in the Harry Potter fandom.”Ironically, while Rowling’s actions have undermined many Potter fans’ dedication to her, they also appear to have strengthened those fans’ solidarity with each other. We can love and enjoy that without the author.”The question now is whether HBO can cast the same spell.
Persons: J.K, Rowling, Harry Potter ”, Daniel Radcliffe, Emma Watson, Rupert Grint, Eddie Redmayne —, Harry Potter, Francesca Gardiner, Mark Mylod, , Casey Bloys, Harry Potter —, “ J.K, Gardiner, Hermione Granger, Ron Weasley, , Potter, She’s, It’s, Melissa Anelli, “ Harry, “ It’s, Maggie Smith, Murray, Kat Miller, MuggleNet, Miller, Radcliffe, “ Potter, Ralph Fiennes, Helena Bonham Carter, Jim Broadbent, traumatised detransitioners, rebuking John Oliver —, Lumos, Trump, ” Miller, , Anelli, Tylor Starr, Starr Organizations: Warner Bros, Discovery, ” HBO, J.K, HBO, Potter Locations:
The Western tourists going to Iraq for vacation
  + stars: | 2024-11-21 | by ( Richard Collett | ) edition.cnn.com   time to read: +18 min
“It was peaceful, calm, and rather quiet,” Driskill told CNN Travel after visiting Iraq in 2024. “Every year we’re seeing more people come to Iraq than before,” he told CNN Travel. Newenham first visited in August 2021 and told CNN Travel that she never imagined Iraq becoming one of her favorite travel destinations. Anmar Khalil/AP“Visiting the [ninth-century] Great Mosque of Samarra is a must,” he told CNN Travel. For Sarah Sanbar, Iraq researcher at Human Rights Watch, tourism to the country is allowing visitors to see the real Iraq.
Persons: Tommy Driskill, , ” Driskill, Saddam Hussein’s, Iraq’s, Driskill, , “ I’m, I’ve, “ We’ve, ” Robert Kyle Molina, Molina, Ali Al Makhzomy, ” Al Makhzomy, Janet Newenham, Newenham, , ” Newenham, they’ve, Pope Francis, Al Makhzomy, Ur, Sergio Arce, Bil, Anmar Khalil, Imam Hussain, Abbas, Hussain ibn Ali, Prophet Mohammed, Arce, I’d, Jan Bakker, James Wilcox, we’ve, Travel’s Molina, Sarah Sanbar, Iraq —, ” Sergio Arce, Sanbar, , ’ Heck Organizations: CNN, CNN Travel, Tourism Capital, US Department of State, United, Foreign, Commonwealth, Development, Human Rights Watch, ISIS, Bil, US State Department, US, Federal Government, Baghdad International Airport, European, Kurdistan Regional Government Tourism Board, International, Federal, , Vatican Media, Reuters, Borders, Erbil Marathon, Sergio Arce Military Locations: Hawaii, Baghdad, Iraq, Iraqi Kurdistan, Babylon, Kurdistan, Iraqi, Karbala, European Union, Kurdistan Chronicle, Federal Iraq, Mosul, , Janet Newenham Iraq, Cork, Ireland, Baghdad . “ Iraq, Islam, ” Iraq, East, Palestine, Eden, Samarra, Al, Arba’een, Sweden, Iran, Kuwait, Pakistan, India, Erbil, Berlin’s, Today, birdwatch
Icelandic volcano erupts for seventh time in a year
  + stars: | 2024-11-21 | by ( ) www.nbcnews.com   time to read: +3 min
A volcano near Iceland’s capital erupted late on Wednesday for the seventh time in a year, spewing fountains of lava and smoke, the country’s meteorological office said, but there were no disruptions to air traffic or infrastructure. The eruption started with little warning at 11:14 p.m. local time Wednesday and created a fissure just under two miles long. The activity is estimated to be considerably smaller than the previous eruption in August, Iceland’s meteorological office that monitors seismic activity said. The first signs of an eruption were recorded just 45 minutes before a massive ground fissure was opened by magma forcing its way through the earth’s crust, Iceland’s meteorological office said. However, there had been no noticeable increase in seismic activity in recent weeks, the meteorological office said.
Persons: , , RUV, ” Magnús Tumi, Reykjanes Organizations: Social, Authorities, Civil Protection, Keflavik Locations: Iceland’s, Reykjavik, Grindavik, Iceland
Ukraine on Thursday accused Russia of launching an intercontinental ballistic missile as part of an overnight attack, in what would be the first use of such a weapon during the conflict. Ukrainian forces also used British-supplied long-range Storm Shadow missiles inside Russia for the first time on Wednesday, the Kremlin said. Moscow on Thursday launched an intercontinental ballistic missile at Ukraine for the first time, Kyiv said. But this kind of a strike might have a value as a signal,” said nuclear forces expert Pavel Podvig. Russian forces have seized the momentum in recent months and eked out a succession of territorial gains, particularly on the eastern front lines.
Persons: Dmitry, Lysak, Vladimir Putin's, , Pavel Podvig, , Podvig, Kim Jong, Alexander Bollfrass, ” Bollfrass Organizations: Western, Dnipro, Emergency Service of, Getty, . Institute for Disarmament Research, Kremlin, Strategy, Technology, Institute for Strategic Studies, NBC News, Trump Locations: Ukraine, Russia, Dnipro, Moscow, Ukrainian, Astrakhan, Kryvyi, Emergency Service of Ukraine, AFP, Russia's Kursk, London, China
John Prescott, the pugnacious deputy prime minister to Britain’s Tony Blair during his 10 years in government, has died aged 86 after a battle with Alzheimer’s, his family said on Thursday. “There was no one quite like him in British politics,” Blair told BBC radio. He went into politics after coming ashore and he attended Oxford’s Ruskin College, which offered courses for mature students. “I’ve never worked with anyone in politics on my side of the pond or his quite like John Prescott,” Gore said. His family said he had died “surrounded by the love of his family and the jazz music of Marian Montgomery”.
Persons: John Prescott, Tony Blair, Alzheimer’s, Prescott, Blair, ” Blair, I’d, John, I’ve, he’s, bruiser ”, Prescott scuffles, David Kendall, Getty Images Prescott, Gordon Brown, Al Gore, Reuters “ John Prescott, ” Brown, Prescott’s, “ I’ve, ” Gore, Pauline, Marian Montgomery ”, “ John Organizations: Labour Party, BBC, Getty Images, Oxford’s Ruskin College, Labour, Kyoto, Reuters, U.S, Guardian Locations: Wales, Prescott, London, Kyoto
Americans will see the new Trump administration enact changes at a pace that is “like nothing you’ve seen in history,” a Trump campaign official said. Trump’s transition team is also fielding requests from overseas to host his first foreign trip. Coming off a decisive victory on Nov. 5, Trump has moved swiftly to build out the Cabinet and a senior White House team that will execute his plans. “The thing to realize is Trump is no dummy,” said Stephen Moore, a senior economic adviser in Trump’s campaign. Noem campaigned for Trump, though a person close to Trump was surprised he tapped her for the job.
Persons: Donald Trump, Trump, Joe Biden’s, Biden, Karoline Leavitt, , Volodymyr Zelenskyy, Ron Klain, Donald Trump Jr, Mike Pompeo, “ Don, that’s, ” Trump, , Stephen Moore, he’s, ” Moore, Will Trump, We’re, Newt Gingrich, Gingrich, ” Gingrich, Ronald Reagan’s, Chad Wolf, Harris, Kristi Noem, hasn’t, Noem, ’ ” Trump, Grover Cleveland Organizations: WASHINGTON, ., NBC, Trump, Trump’s, White House, Policy Institute, CIA, Security, NBC News, Migration Policy Institute, DHS, Biden, Department of Homeland Security, Cricket, , Cleveland Locations: Jan, West Palm Beach , Florida, Ukraine, Russia, Washington, America, South Dakota, U.S, China
“Far too often, patients relying on federal government health care programs are forced to accept bureaucratic, one-size-fits-all coverage,” Crapo said. But Trump’s lack of specificity about health care could empower Oz to fill in the blanks. Oz said on an AARP questionnaire: “We can expand Medicare Advantage plans. If Oz is confirmed and chooses to push more people into Medicare Advantage, as he has pitched, he may not have too hard a time. “In our focus groups, people say they’re satisfied with both traditional Medicare and Medicare Advantage, and they make their choices based on different preferences,” Neuman said.
Persons: WASHINGTON, Donald Trump, Mehmet Oz, Mike Crapo, ” Crapo, “ Dr, Oz, George Halvorson, , Kamala Harris ’, , Larry Levitt, Harris, ” Levitt, Trump, Sen, James Lankford, hasn’t, ” Lankford, Obama, Obamacare, Patty Murray, “ Trump, Ron Wyden, Tricia Neuman, Neuman, ” Neuman, Arthur Caplan, ” Caplan, ” Wyden, they’re, Lankford, ” Sen, Mike Rounds, there’s, We’ll, pare, “ It’s, Caplan, ” Oz, John Fetterman, he’s, “ We’re, ” Fetterman, I’m Organizations: Medicare, Services, Forbes, Kaiser Permanente, Agency, Senate, Health, Education, Labor, Pensions, NYU Langone Medical, Commonwealth Fund, Locations: Idaho, KFF, New York City, Pennsylvania
SYDNEY, Australia — Australia’s center-left government on Thursday introduced a bill in Parliament that aims to ban social media for children under 16 and proposed fines of up to $32 million for social media platforms for systemic breaches. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date. France last year proposed a ban on social media for those under 15, but users were able to avoid the ban with parental consent. The law would force social media platforms, and not parents or young people, to take reasonable steps to ensure the age-verification protections are in place. “Social media has a social responsibility ... that’s why we are making big changes to hold platforms to account for user safety,” she said.
Persons: Anthony Albanese, ByteDance’s TikTok, Elon Musk’s, Snapchat, Albanese, Michelle Rowland, Rowland, Organizations: , Liberal Party, Facebook, Google, YouTube, Labor, United Locations: SYDNEY, Australia, France, United States
WASHINGTON — The Senate voted overwhelmingly Wednesday night to reject three efforts led by progressive Sen. Bernie Sanders that would have blocked certain offensive weapons sales to Israel. In a speech on the Senate floor ahead of the vote, Sanders argued that the resolutions "would not affect any of the systems Israel uses to defend itself from incoming attacks," focusing instead on offensive weapons. "As I have said many, many times: Israel had the absolute right to respond to that horrific Hamas attack, as any other country would. I don’t think anybody here in the United States Senate disagrees with that," he said in his floor speech. More than 43,000 Palestinians have been killed in Israel’s offensive into the dense enclave since the attack, according to health officials in Gaza.
Persons: WASHINGTON, Sen, Bernie Sanders, Sanders, Benjamin Netanyahu, Ed Markey, Netanyahu, Martin Heinrich, Tammy Baldwin, , Catherine Cortez Masto, ” Sen, Jacky Rosen, , Joni Ernst, Bill Cassidy, Israel’s Organizations: U.S, United States, Hamas, Democrats, Biden Locations: Israel, Gaza, U.S, United States, D, Iowa
Here's why dollar stores are hurting
  + stars: | 2024-11-21 | by ( Ryan Baker | Tala Hadavi | Melissa Repko | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why dollar stores are hurtingThe dollar store industry has historically done well when the consumer was under pressure. And so, in the decade that followed the Great Recession, Dollar General and Dollar Tree outperformed the S&P 500. But the current economic environment is playing out differently as both companies face competition in e-commerce and have been burdened with a number of operational challenges. Watch the video to find out why the share price of both stocks have plunged more than 50% in the past couple of years.
His conglomerate, Adani Group, builds and buys ports, factories and power plants, often under state contract or license. Mr. Adani’s business empire has become central to India during the rise of Narendra Modi, first elected as prime minister in 2014. As Mr. Modi brought India to the center of the world stage, he brought Mr. Adani in tow. Today, Mr. Adani’s flagship company is worth about 10 times more than it was at the start of the Covid-19 pandemic. On Wednesday, the U.S. government charged Mr. Adani, one of the world’s richest people, with multiple counts of fraud.
Persons: Gautam Adani, Narendra Modi, Modi, Adani Organizations: Adani, Wall Locations: India, U.S
Dollar stores companies were some best performing stocks in the S&P 500 during the Great Recession, said Piper Sandler managing director Peter Keith. Shares of Dollar Tree — which owns its namesake brand and Family Dollar — and Dollar General have both fallen roughly 50% this year. Lower income Americans, who comprise about 60% of Dollar General sales, are under more pressure to stretch their dollars in the face of high inflation. In its fiscal 2024 second quarter earnings call, Dollar General said those customers are also more reliant on online storefronts, which dollar stores have had less success in rolling out. Both Dollar Tree and Dollar General have also faced numerous worker safety violations over the past decade.
Persons: Piper Sandler, Peter Keith, Keith, Melissa Repko Organizations: Walmart, CNBC
For nearly a decade, same-sex married couples have received the same federal rights and protections that their straight counterparts enjoy. They include a long list of financial benefits, from spousal health coverage to less expensive tax preparation, not to mention the immeasurable comfort from knowing their unions must be recognized. The Supreme Court granted those rights in two landmark cases — first in 2013, when it ruled that same-sex couples are entitled to federal benefits, and more broadly in 2015, when gay marriage was legalized across the country. But even now, when The New York Times asked readers if they had money-related questions in the wake of the presidential election, several gay couples wrote with concerns about whether they and their finances may face new risks under a second Trump administration. “It allows people to organize their families and affairs, pool finances, buy property and have kids.
Persons: Trump, , , Mary Bonauto, Obergefell, Hodges Organizations: The New York Times, Supreme
At the hearing, David Smith pointed to his ex-wife’s record as he told the parole board that 30 years is simply not enough time for Susan Smith to spend in prison. The father said he questioned whether he could go on after Susan Smith killed their sons. Susan Smith’s attorney, Tommy A. Thomas, did not respond to a request for comment before or after Wednesday’s parole hearing. The parole board really listens to that,” said Hayden Smith, who conducts research for the state’s department of corrections and has interviewed Susan Smith while incarcerated. The South Carolina Department of Probation, Parole and Pardon Services Public Information Director Anita Dantzler speaks during a news conference after a parole hearing for Susan Smith on Wednesday.
Persons: Susan Smith’s, – Michael, Alex, , Smith, David Smith, , , Tommy Pope, John D, that’s what’s, Susan, ” Pope, Michael, White, Black, Gloria Browne, Marshall, , ” Browne, , Pope, ” David Smith, Susan Smith, Walter Ratliff, “ Susan Smith, ” Smith, “ I’m, … I’m, Tommy A, Thomas, Michael Smith, Lou Krasky, Hayden Smith, Willie Horton, furloughed, Anita Dantzler, David Yeazell, Smith –, Professor Browne, Ida B, Wells, he’s, “ I’d Organizations: CNN, John Jay College of Criminal, Investigators, Judicial, South Carolina Board, Paroles, ” Visitors, University of South, Services, South Carolina Department of Probation, Washington Post Locations: South Carolina, Union, Long, Carolina, Columbia, Union , South Carolina, University of South Carolina, Massachusetts, Southern, Washington
If confirmed by the Senate, three key nominees would largely be responsible for executing Trump's "drill, baby, drill" agenda across the federal government. The Interior Department leases millions of acres of public lands and waters for oil and gas drilling. The oil and gas industry is pushing the Trump administration to issue a new five-year offshore-leasing program. Woods of ExxonMobil told Semafor last week that the Trump administration should keep regulations to curb methane emissions from oil and gas infrastructure. But Trump attacked electric vehicles on the campaign trail, adopting the oil and gas lobby's messaging.
Persons: Donald Trump, Doug Burgum, Chris Wright, Trump, Lee Zeldin, Trump's, Karoline Leavitt, Vance, Wright, Biden, Amanda Eversole, Kenny Stein, Darren Woods, Stein, It's, Woods, Semafor, David Brown, Wood Mackenzie Organizations: Interior, Energy, Senate, Trump, Interior Department, Liberty Energy, Environmental Protection Agency, National Energy Council, Truth, Energy Department, Republicans, of, American Petroleum Institute, American Energy Alliance, CNBC, EPA, ExxonMobil, US Locations: Gulf of Mexico, North Dakota, New York, Saudi Arabia, Qatar, Russia, Europe, Gulf, Mexico, Wood
New research based on the findings, published in several papers Wednesday in Nature and its sister journals, represents a “leap in understanding of the human body,” according to the Human Cell Atlas consortium. Regev compared scientific knowledge of cell biology before the Human Cell Atlas initiative with a “15th century map.”“Now, years later, the resolution of the map is a lot higher,” she said. The cell atlas aims to fill in a missing link between genes, diseases and treatment therapies. During the Covid-19 pandemic, the Human Cell Atlas community used the available data to reveal that the nose, eyes and mouth were most vulnerable to infection. “It was only clear through the Human Cell Atlas data that those cells were … entry points before the virus continued into the internal organs.
Persons: , , Aviv, Daniel Montoro “, we’ve, Regev, , Sarah Teichmann, Ken, Blain, Robert Hooke, ” Teichmann, Jeremy Farrar, ” Farrar Organizations: CNN, Human Cell Atlas, Genome, Cell, Google, Human, Human Cell, Cambridge Stem Cell, UK’s University of Cambridge, Wellcome Sanger Institute, Institut, la Vision, HCL, Lyon, World Health Organization Locations: Nature, Genentech, South San Francisco , California, Cambridge, England, Paris, Lyon English
CNN —The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Defense Minister Yoav Gallant, and a senior Hamas official, accusing them of war crimes during and after the October 7 attacks on Israel last year. While ICC warrants don’t guarantee arrests, they could significantly restrict Netanyahu’s ability to travel to ICC member states. The prime minister said at the time that “trust between me and the minister of defense has cracked.” Katz, who served as foreign minister until then, became defense minister. After an arrest warrant has been issued, the ICC sends requests for cooperation to member states. Previous leaders who have been faced with ICC arrest warrants have experienced limitations on their ability to travel, unable to pass through countries legally obliged to arrest them.
Persons: Benjamin Netanyahu, Yoav Gallant, Netanyahu, , Israel, ” Netanyahu “, Thrusday, Mohammed Diab Ibrahim Al, Masri, Mohammed Deif, hasn’t, Deif, , Gallant, Isaac Herzog, barbarically, Gideon Sa’ar, flagrantly, National Security Itamar Ben Gvir, ” Katz, Eliav, ” “, ” Lieblich Organizations: CNN, Hamas, ICC, International Criminal Court, West Bank, National Security, Tel Aviv University Locations: Israel, Netherlands, United States, Gaza, East Jerusalem, Iran
But the Tesla and SpaceX CEO said he's had little input on Trump's Cabinet picks. Elon Musk says he's had little input on President-elect Donald Trump's cabinet picks. He was a major contributor to Trump's campaign, spending just under $119 million on his pro-Trump political action committee, America PAC. Musk, according to multiple media reports, has joined Trump's calls with Ukrainian President Volodymyr Zelenskyy and Google CEO Sundar Pichai. Lutnick, Musk wrote in an X post on November 16, "will actually enact change," compared to another candidate, hedge fund CEO Scott Bessent.
Persons: Elon Musk, Donald Trump, he's, Musk, Donald Trump's, Haven't, Robert F, Kennedy Jr, cott, ott Organizations: SpaceX, Cabinet, New York Post, Trump's, UFC, Trump, Madison Locations: Lago, Palm Beach , Florida, usk
CNN —Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security. More than half of non-retired US adults (53%) overall said they expect they will need to use Social Security to pay for necessary expenses, according to a new survey from Bankrate. Social Security benefits only replace a portion of Americans’ pre-retirement income. Indeed, only 31% of the non-retired adults surveyed said they are not planning to rely on Social Security benefits in retirement, with just 14% saying they will “not (be) at all” reliant on them. Their “normal retirement age” is 67 for the purposes of collecting Social Security benefits.
Persons: That’s, one’s, , they’ll, , Mark Hamrick, Bankrate —, , Trump, they’ve, haven’t Organizations: CNN, Social, Security, , Social Security, Bankrate, Social Security Administration Locations: United States
Now 77, he's facing a life sentence in a national security trial in Hong Kong. I would just relay to him what happened in Hong Kong when he asked me," Lai said in court, per Reuters. This mass sentencing of Hong Kong's activists was also based on charges under Hong Kong's national security law. Related storiesThe imposition of the national security law marked the effective end of Hong Kong's political autonomy from China. "Above all else, the implementation rules have the potential to radically criminalize online speech in Hong Kong," Woodhams said.
Persons: Jimmy Lai, Kong's, Lai, Hong Kong's, Mike Pence Organizations: Hong Kong, Apple, China, White House, Democracy Locations: Hong, Hong Kong, China, Northern California
AdvertisementThe DOJ has asked the judge in its antitrust case against Google to force the tech giant to sell Chrome, its massively popular browser. In August, a judge ruled Google violated antitrust laws and acted as a monopoly when it came to its search engine. Google will have a chance to respond next month with its own plan before the judge makes a ruling next year. That makes it a powerful distribution arm for Google since Chrome's default search engine is … Google. And Apple was making at least $20 billion a year by defaulting to Google Search .
Persons: Billy Bob Thornton, Trump, Elon Musk, Vivek Ramaswamy, Chelsea Jia Feng, Hugh Langley, Lara O'Reilly, Lara, Apple, Donald Trump, Matt Gaetz, Marc Rowan, Arturo Holmes, Apollo, Scott Kleinman, Jim Zelter, Morgan Stanley's, Jeff McMillan's, he's, You've, that's, Michael M, Tyler Le, Google's DeepMind, John Deere, Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Justice Department, Google, Tech, Nvidia, Elon, DOJ, Microsoft, YouTube, Bloomberg, Big Tech, Trump, Getty, , Comcast, Boston Celtics, White Locations: Los Angeles, New York, Chicago, London
The International Criminal Court’s arrest warrants for two Israeli leaders say that there are grounds to believe they bear “criminal responsibility” for the devastating humanitarian crisis in Gaza, according to a statement released by the court on Thursday. Most of Gaza’s over two million people are still displaced — many living in tents — and finding enough food and clean water is often a daily struggle. Israeli officials, who ordered the invasion of Gaza after the Hamas-led Oct. 7 attacks, say their aim is to eradicate the armed group. The court said some Gazans had died from deprivation in part imposed by Israeli restrictions on the flow of aid, providing legal grounds for suspected murder. The judges also argued that restrictions on food and medicine to Gazans as a whole could amount to the crime of persecution under international law.
Persons: , Benjamin Netanyahu, Yoav Gallant, Mr, Netanyahu’s, , Gazans Locations: Gaza, Palestinian
Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.
Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU
Dollar pulls ahead as markets focus on Trump policies, Fed outlook
  + stars: | 2024-11-21 | by ( ) www.cnbc.com   time to read: +4 min
After stalling for three sessions, the greenback was back on the march higher, with investors lifting the dollar index measure against its key rivals closer to a one-year high of 107.07 hit last week. The dollar has rallied more than 2% since the Nov. 5 U.S. presidential election on bets Trump's policies could reignite inflation and temper the Fed's future rate cuts. The dollar index held steady at 106.56, up from a one-week nadir hit in the previous session. "The Russia-Ukraine conflict is heating up, which is further denting sentiment towards the euro alongside the prospects of trade tariffs," another "bullish cue" for the dollar index given the euro's heavy weighting, City Index's Simpson said. The dollar gave up some gains against the yen, down 0.33% at 154.91 yen , although the Japanese currency remained under pressure.
Persons: Donald Trump's, Matt Simpson, CME's, Michelle Bowman, Lisa Cook, Index's Simpson, Kazuo Ueda, Sterling, bitcoin, Bitcoin Organizations: U.S, Federal Reserve, Wednesday, Storm, ATACMS, Bank of Japan, Bank of England's Locations: Europe, China, Russia, Ukraine, Paris
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