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For three and a half years, President Biden and his aides have insisted that the United States is a Pacific power, and that its allies and partners in the region need not worry about Washington’s commitments. Now Secretary of State Antony J. Blinken plans to deliver assurances in person across six nations, his most ambitious trip in the region. Mr. Biden’s announcement last Sunday that he is no longer running for re-election sent shock waves around the world. Many of America’s allies are especially concerned about a second Trump presidency, given that former President Donald J. Trump has constantly declared that those allies are conning the United States into providing military support. They are uncertain if Vice President Kamala Harris, the presumptive Democratic nominee, can beat him in November.
Persons: Biden, Antony J, Blinken, Donald J, Trump, Kamala Harris Organizations: U.S, Trump, Democratic Locations: United States, Pacific, Vientiane, Laos
Gold skids on profit-taking, with U.S. economic data on radar
  + stars: | 2024-07-25 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices fell more than 1% on Thursday as investors booked profits ahead of U.S. economic data that could offer more cues on when the central bank will cut interest rates this year and by how much. Spot gold fell 1.2% to $2,369.20 per ounce by 0533 GMT. So, it looks like we are seeing some profit-taking and from a technical perspective, prices could move lower," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific. Traders are expecting that the Fed will deliver a long-awaited rate cut in September. If PCE data shows that inflation is slowing and the Fed can cut rates in September, then we will see a resurgence in gold prices, Wong said.
Persons: Kelvin Wong, OANDA's, Wong Organizations: Asia Pacific, Federal, Gold Locations: U.S
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Congress created the Shuttered Venue Operators Grant in 2021 to help theaters and indie music venues stay in business during the pandemic lockdowns. A 2023 Business Insider investigation found that dozens of wealthy musicians used ineffective oversight and loopholes in the law to line their pockets. But once the law was passed, Strickland said he focused on helping as many people get money as possible. According to an email, he ended up telling NKSFB to pull the application, figuring he was being fed "BS" by a consultant.
Persons: Post Malone, Chris Brown, Nickelback, Lil Wayne, didn't, , Paul Anka —, David Hickok, Hickok, Bessy Wong, Mickey Segal, Anka, Segal, NKSFB, Kyle Leunissen, Suicideboys, Michael Strickland, Lites, Strickland, Paul Anka Organizations: Service, Small Business Administration, Business, Post, SBA, BI, Billboard Locations: Angeles, American, NKSFB
Dollar firms as commodities slide and carry unwinds
  + stars: | 2024-07-24 | by ( ) www.cnbc.com   time to read: +3 min
Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.
Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia
Paris boasts many luxurious five-star accommodations. For a break from the city, consider Chateau de Villette, a late 17th-century estate 40 minutes from Paris by car. France, the birthplace of the Michelin Guide, offers no shortage of luxurious dining, with 630 starred restaurants nationwide, including nine in Paris with three Michelin stars. Le Cinq, in Paris' Four Seasons Hotel George V, serves dishes by award-winning chef Christian Le Squer and wine from a cellar that can hold 50,000 bottles. Other notable options include Restaurant Kei, which fuses Japanese and Western cuisines, and Epicure in Le Bristol Paris, which serves elevated classic French fare.
Persons: Hôtel de Crillon, Karl Lagerfeld, Le, V, Christian Le Organizations: Paris, Ritz, Michelin, Le Bristol Paris, LVMH Locations: Villette, Paris, Versailles, France, Le Bristol
Employees who brewed and served Starbucks coffee, whom Starbucks called baristas, handwrote customers’ names on their drink orders. But Starbucks’ business has transformed, and it has struggled to maintain its identity as that third place along the way. In some stores, customers complained online that Starbucks pulled out comfortable chairs and replaced them with hard wooden stools. Mobile ordering was another major step in Starbucks’ road to becoming primarily a take-away business. Starbucks also is opening 2,000 new stores, including traditional Starbucks locations, pick-up stores, delivery-only stores and drive thru-only locations.
Persons: Howard Schultz, ” Schultz, , Stephen Brashear, Michelle Eisen, , ” Eisen, Laxman Narasimhan, — it’s, Schultz, Tim Boyle, Wall, Tom Cook, Casey, “ It’s, Cook, ” ‘, Michael Casey, Alex Wong, Joe Pine, Eisen Organizations: New, New York CNN, Starbucks ., Starbucks, Employees, Getty, Starbucks Workers, LinkedIn, Mobile, Horizons, Harvard Business Locations: New York, America, Buffalo , New York, United States, North America, U.S, Newsmakers, Buffalo
Vance was swift to name China the “biggest threat to our country,” in an interview with Fox News Monday as the RNC got underway. He’s made countering what Washington says is a security threat from China a cornerstone of his foreign policy, even as he’s worked to stabilize communications with Beijing. And Beijing – which is grappling with its own economic woes – may be preparing for more friction if Trump takes office. The substance of Biden’s China policy – in terms of sanctions, tariffs and competition – has not been that different from Trump’s, she noted, and Biden has been keener on strengthening alliances and coalitions to counter China together. “But the style of Biden’s China policy is more predictable and stabilizing.
Persons: Donald Trump, JD Vance, Vance, Joe Biden, , , ” Vance, Trump, China –, That’s, ’ Vance, Sergey Lavrov, Vance doesn’t, Marco Rubio, Xi Jinping, He’s, he’s, ” Brian Wong, Qilai Shen, Biden, They’ve, Cho Jung, ” Cho, Yun Sun, , keener Organizations: Hong Kong CNN, Republican, Republican National Convention, Chinese Communist Party, Foreign, Trump, NATO, Ukraine, Fox News, RNC, University of Hong Kong’s, Contemporary, of, People, Bloomberg, Getty, Communist Party, Bloomberg Businessweek, US, China’s Foreign Ministry, Stimson Center, World Trade Locations: Hong Kong, Ohio, Washington, China, Asia, Beijing, Europe, Ukraine, Russia, Russian, America, Florida, Contemporary China, Taiwan, Taipei, Taiwan Strait, Japan, South Korea, US
To reread "Hillbilly Elegy" now, as I did this week, is to feel a sense of disorientation. JD Vance the author sounds a lot different than JD Vance the politician. Personally, I first read "Hillbilly Elegy" in college, in an earnest if somewhat contrived attempt to better understand communities unlike mine. On stage, he recounted a story that also appears in "Hillbilly Elegy," where Mamaw bluntly threatens violence against one of Vance's friends. There are hints of this in "Hillbilly Elegy" as well: He served as a public affairs Marine, where he was trained in the art of media relations, including "how stay on message."
Persons: JD Vance, It's, Vance, Donald Trump's, Trumper, Trump, I've, who's, Vance didn't, JD, Alex Wong, Mamaw, Mom, Brett Kavanaugh, there's, New York Times's Ross Douthat, There's, he's, Usha, Mike Johnson, Kamil Krzacynski, — Vance Organizations: Service, Republican, audience's, Democratic, Capitol Hill, Republican National Convention, Supreme, New, GOP, Marine, Yale Law School, Getty Locations: Ohio, Middletown , Ohio, Appalachia, Middletown, Washington, New York, Ukraine, AFP
Read previewRepublican presidential nominee Donald Trump on Monday selected Ohio Sen. JD Vance — a Marine veteran, author, and once-critic of the former president — as his running mate for the 2024 election. Military.com could not find any evidence that any vice president served in the Marine Corps . Donald Trump elevated JD Vance to the national stage as his running mate on Monday — and Ukraine is likely worried. The last enlisted vice president was Al Gore, who similarly deployed to Vietnam for six months as an Army correspondent. In April, he used the Iraq War as a historical example against intervention.
Persons: , Donald Trump, Ohio Sen, JD Vance —, Vance, John McCain, Military.com, Allison Jaslow, Jaslow, Trump, JD Vance, Drew Angerer, Lindsay Chervinsky, George, Dwight D, Eisenhower, Richard, Aaron Burr's, Chervinsky, Dan Crenshaw, Jason Crow, Alex Wong, Joel K, Goldstein, Sen, Ohio, Donald Trump's, Carolyn Kaster, Hugh Hewitt, Joe Biden, Biden, Trump's, Al Gore, Jeffrey Dean, America's, Tucker Carlson, Byron Donalds of, US Sen, Andrew Caballero, Reynolds, George W, Bush, Saddam Hussein Organizations: Service, Monday, Ohio, Marine, Business, National Guard, US Navy, Army, Marine Corps, Afghanistan Veterans, George Washington Presidential Library, Continental Army, American, Terror, Saint Louis University, Washington Post, Military, Trump didn't, Associated Press, Corps, Navy, Iraq, AP, Marines, Ohio State University and Yale Law School, Rep, US, Republican National Convention, Senate Locations: Iraq, Afghanistan, America, , Ukraine, Vietnam, Texas, Milwaukee, Ohio, Byron Donalds of Florida, Pennsylvania
Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.
Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, , Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America
AP —Relatives of passengers killed when Malaysia Airlines Flight 17 was shot down over Ukraine gathered with officials at Australia’s Parliament House on Wednesday to mark the 10th anniversary of the tragedy that claimed 298 lives. So in that sense, I’m heartbroken that the conflict continues,” Paul Guard told Australian Broadcasting Corp (ABC). Relatives of MH17 passengers join officials at Australia's Parliament House in Canberra. The investigation concluded the missile was driven into Ukraine from a Russian military base near the city of Kursk and returned there after the plane was shot down. Putin said through an interpreter that Ukrainians were all fascists, had brought down MH17 themselves and that Ukraine had no right to exist, Abbott said.
Persons: Paul, Roger, Jill Guard, ” Paul, fatefully, MH17, Mick Tsikas, Penny Wong, , , ” Wong, recommit, Mark Dreyfus, we’ve, ” Dreyfus, Pierre Crom, Tony Abbott, Abbott, Vladimir Putin, Putin, ” Abbott, Russia Organizations: Malaysia Airlines, Paul Guard, ” Paul Guard, Australian Broadcasting Corp, Boeing, European, of Human, International Civil Aviation Organization Council, House, Australian, , Australian Attorney, Australia, . Security, Aircraft Missile Brigade, Economic Cooperation, ABC Locations: Ukraine, Australia’s, Toowoomba, Russia, Soviet, Russian, Moscow, Ukrainian, Netherlands, Australia, Australia's, Canberra, Schiphol, Malaysian, Kuala Lumpur, Grabovo, Malaysia, Indonesia, United Kingdom, Belgium, Germany, Philippines, Canada, New Zealand, Vietnam, Israel, Italy, Romania, United States, South Africa, Kursk, Asia, Beijing, Australian
CNN —The Forbidden City was once one of the most powerful places on the planet. It was called the ‘Forbidden City’ because few Chinese subjects were allowed to enter. Ancient tableware from the Forbidden City is on display at the Hong Kong Palace Museum. “The majority of (the emperors) grew up in a highly disciplined environment,” says Wang of the Hong Kong Palace Museum. Now popular worldwide, Peking duck was regularly served at Empress Dowager Cixi's Forbidden City banquets.
Persons: Zhao Rongguang, Bin Xiao Zhao, Deng Xiaoping, Beijing . Zhao, wasn’t, Zhao, Kangxi Emperor, VCG Wilson, Kangxi, , Qianlong Emperor, Giuseppe Castiglione, , Qianlong, Daisy Yiyou Wang, Maggie Wong, Nicole Chiang, ” Chiang, Chiang, Emperor Qianlong, it’s, , ” Zhao, It's, didn’t, Wang, Dowager Cixi, Empress Dowager Cixi –, Cixi, China’s, Han Quan Xi, ’ ”, Dowager, Tian, Yan ”, suckling, Tian An Yan, Leah Abucayan Organizations: CNN, Historical, of China, Beijing's, Hong Kong Palace Museum, Hong, Forbidden, Hong Kong, Museum, Everett, Communists, China Import, Fair, Communist Locations: Europe, Beijing, China, Chinese, Heilongjiang, Paris, Beijing ., Prosperity, Netherlands, Italian, City, Hong Kong, It’s, Beijing’s, Forbidden City, Jiangnan, Hangzhou, Shanghai, Mongolia, Qianlong, Guangzhou, Japan, East Asia, Peking, Imperial
The Most Memorable Reviews by Pete Wells
  + stars: | 2024-07-16 | by ( Sara Bonisteel | ) www.nytimes.com   time to read: +1 min
As The New York Times’s restaurant critic for the last dozen years, Pete Wells has reported from the dining-room trenches on a changing industry. Pete has explored the five boroughs and far beyond, as the Food desk’s coverage of restaurants widened its scope. He noted the rise in food halls in New York, and the city’s vast wealth of Chinese restaurants. (If you’re curious about his process, listen to him on this episode of “The Daily” and learn why he always packs a notebook.) Wong, ★★, 2012His first column as restaurant critic took him to an Asian fusion restaurant from the chef Simpson Wong, where the duck-fat ice cream and duck-tongue meatballs brought smiles of pleasant surprise.
Persons: Pete Wells, Pete, Wong, ★ ★, Simpson Wong Locations: York, New York
"It can be a good way to get into the property market," she said, especially if you live in a city where home prices are out of your budget. About 55% of small-portfolio rental owners hire a property manager because they don't live near their rental property, according to the State of the Property Management Industry Report by Buildium, a property management software company. However, hiring a property manager comes at a cost, which depends on factors such as the property location and services provided. Property manager fees can reach up to 25% of the monthly rent price, depending on the specifications, according to Apartment List. That's good news for renters, "but not good news if you're a property owner," said Fairweather.
Persons: Oscar Wong, Danielle Hale, Hale, they're, Daryl Fairweather, Fairweather Organizations: Finance, Redfin, Property Management Locations: United States
The United States and its NATO allies have agreed that Ukraine should have an “irreversible” path to membership in the alliance and are enshrining the phrase in a document to be released during this week’s summit in Washington, U.S. and allied officials say. While there is no consensus yet about Ukraine joining NATO, the strengthened language would show that there is movement in that direction. The United States was once deeply skeptical about whether Ukraine was ready to become a member, and while questions remain, more and more American and European officials believe that the country will eventually be able to join. Officials say there could always be a last-minute change before the document is released, but that the member nations had reached broad agreement in recent days. But it should be welcomed by Ukrainian officials who have been pushing for language along the lines of “irreversible,” they say.
Organizations: NATO Locations: States, Ukraine, Washington , U.S, United States
One by one, Democratic members of Congress began to stream out of the Democratic National Committee's headquarters on Tuesday morning. House Democrats had convened to discuss Biden's future. The number of Democratic lawmakers publicly calling for Biden to withdraw remains in the single digits. Rep. Summer Lee wears headphones as she departs House Democrats' meeting at the DNC on Tuesday. On Tuesday afternoon, hours after House Democrats' DNC meeting, Rep. Mikie Sherill of New Jersey became the seventh to call for Biden to step down.
Persons: Steve Cohen, Tennessee, We're, Summer Lee, Mike Quigley of, Biden, Adam Schiff of, Joe Biden's, Mike Quigley, Bryan Metzger, he's, John McDonnell, He's, , Greg Landsman, Ohio, Landsman, Dean Phillips, Phillips, Mike Mansfield, Lyndon B, they're, it's, Chuck Schumer, Patty Murray, Maria Cantwell, Schumer, Alex Wong, Rachel Scott, Scott, I've, Joe, CNN's Manu Raju, Murray, Jon Tester, Sherrod Brown of, Michael Bennet of, Bennet, Sen, Amy Klobuchar, Tom Williams, Kamala Harris, Mikie, Democrats aren't, Nancy Pelosi, It's, Tim Kaine, Virginia, Kaine, I'm Organizations: Service, Democratic, Democratic National, Democrats, DNC, Capitol, Capitol ., Democrat, Congressional Black Caucus, AP, House Democrat, Biden, White, NATO, Trump, Montana, Civil, Republican, CNN, Getty, Democratic Party, Monday, MSNBC Locations: Pennsylvania, Mike Quigley of Illinois, Adam Schiff of California, Washington ,, Minnesota, Ohio, Sens, Washington, Sherrod Brown of Ohio, Michael Bennet of Colorado, New Jersey, Richmond
Andy Chui (left) and John Li at a press conference held by the Hong Kong Blind Union on July 7, 2024. They said were removed from an HK Express flight on May 22, 2024. Hong Kong Blind Union“They need to ensure that companies comply with these guidelines and that there are punitive measures when companies discriminate against people with disabilities,” Wong told CNN. HK Express said its staff had followed the airline’s “standard safety procedures,” during the incident, without specifying whether the two passengers had failed to comply with its protocols. All 35 passengers on the flight walked off in solidarity with Rizzi.
Persons: , Andy Chui, John Li, , Li, Chui, ” Chui, Billy Wong, Wong, ” Wong, , KK Ong, Albert Rizzi, Rodney Hodgins Organizations: Hong Kong CNN — Budget, HK Express, Hong Kong Blind Union, . Blind Union, CNN, Cathay, ” HK Express, , US Airways, Rizzi, Air Canada, Las Vegas . Air Canada Locations: Hong Kong, Tokyo, Hong, Long, Las Vegas
If the Biden administration had its way, far more electronic chips would be made in factories in, say, Texas or Arizona. Those places may not be the first that come to mind when people think of semiconductors. But administration officials are trying to transform the world’s chip supply chain and are negotiating intensely to do so. The core elements of the plan include getting foreign companies to invest in chip-making in the United States and finding other countries to set up factories to finish the work. Officials and researchers in Washington call it part of the new “chip diplomacy.”
Persons: Biden, Locations: Texas, Arizona, Costa Rica, Vietnam, Kenya, United States, Washington
The House Democrats who said Biden should drop out of the 2024 race were Reps. Adam Smith of Washington, Jerry Nadler of New York, Mark Takano of California and Joe Morelle of New York. Some House Democrats in battleground districts are weighing whether to distance themselves from Biden. "President Biden is a good man & I appreciate his lifetime of service," she wrote in a post to X. During the interview, Biden dismissed the calls for him to step aside and said only the "Lord Almighty" could get him to reconsider his presidential bid. "Look, I mean, if the Lord Almighty came down and said, 'Joe, get out of the race,' I'll get out of the race," Biden said during the interview.
Persons: Joe Biden, Biden, Adam Smith of, Jerry Nadler, Mark Takano, Joe Morelle, Smith, Nadler, Takano, Morelle, Hakeem Jeffries, Donald Trump, Kamala Harris, Trump, Susan Wild, Angie Craig, Maxine Waters, Barbara Lee, Frederica Wilson, Wilson, he's, George Stephanopoulos, Almighty, Joe, Almighty's Organizations: WASHINGTON —, Congress, Democrats, NBC News, Armed Services, Veterans ' Affairs Committee, House Administration Committee, House Democratic, Biden, Congressional, Caucus, NBC, California Democratic, Trump, Rep, ABC News, Capitol Locations: Adam Smith of Washington, York, California, New York, Congress, House, D, Pennsylvania
Some kids went because it seemed like a cheap beach holiday, a former camper says. Girls shower at a beach in Songdowon. Wong Maye-E/APFrolov, who went to Songdowon to see North Korea with his own eyes, told BI that many others in his cohort were there for a different reason — a chance to go on a beach vacation for very little money. The summer camp is heavily subsidized by North Korea, and he said it only costs visiting campers about $300 to $400 for the trip. It also has a private beach area.
Persons: Wong Maye Organizations: North Locations: Songdowon, North Korea
Hong Kong CNN —There are a lot of princesses at Hong Kong Disneyland, but not the ones you think. Hair carefully coiffed, and in full makeup Liang Xiaoyu, 18, is dressed for a day out at Hong Kong Disneyland. Noemi Cassanelli/CNNAnd at Hong Kong Disneyland, Disney characters aren’t the sole fashion inspiration for dedicated fans. Li Mengru, 27, poses for a picture during an interview with CNN, at the entrance of Hong Kong Disneyland on June 7, 2024. Yang Yushen, who also goes by Kris, and his partner Jimmy Redinger like the romantic side of Hong Kong Disneyland.
Persons: “ Duffy, , Liang Xiaoyu, Noemi Cassanelli, CNN Liang, Mary Janes, Duffy, Qin Wuxiao, Jessie, it’s, Charmy Chan, Yanni Chung, Judy, Nick Wilde, , Chan, CNN Oscar Yim, Captain America, Marvel, CNN Jing Hongche, Li Sitan, CNN Charmy Chan, Chung, Li Mengru, Chen Xinyu, Li, Chen, Linda Lee, CNN Li, Cassanelli, Yang Yushen, Kris, Jimmy Redinger, Ankh Wong, Kris Yang, Yang, Zootopia, Hercules ”, Redinger, Disney, Mariko Otomo, Nozomi Yasuda, Yuka Izawa, CNN Otomo, China’s “ meng ”, Mariko Otomo kitted, Deng Chundan, CNN Deng Chundan, Le, Godiva, Chow Tai, Gen, ” Shen Jing, CNN Linda Lee, CNN Chen Xinyu, CNN Lee, CNN Chen, lacy Organizations: Hong Kong CNN, Disney, CNN, Hong Kong Baptist University, USA, Captain, Hong Kong Disneyland, Marvel, , Hong, Hong Kong Tourism, Hong Kong Locations: Hong Kong, Guangzhou, Hong, China’s Fujian, Guangdong, Japan, Arendelle, Tomorrowland, Tsim Sha Tsui, China, Southeast Asia, Philippines, Thailand, Singapore, South Korea, Grizzly Gulch, United States, Chinese, Hebei, Asia, Hangzhou
WASHINGTON — After he gave his State of the Union speech in March, President Joe Biden seemed to have quieted persistent fears that, at 81, he was no longer up to the job. But a Democratic lawmaker who shook hands with Biden in the House chamber that night was troubled by his appearance. Biden's poor showing at the debate with Donald Trump last week threatens to end his campaign just four months before the election. A third Democratic lawmaker said that in recent months, Biden looked "exceedingly tired" when the two were together. Yet the interview comes eight days after Biden's appearance onstage with Trump — time enough for perceptions of his poor performance to calcify.
Persons: Joe Biden, Donald Trump's, WASHINGTON —, Biden, Donald Trump, who've, they've, Ronald Reagan, , Sen, Chris Coons, he's, Coons, " Coons, I've, who've vouched, Gerry Connolly, " Connolly, Connolly, Reagan, it's, I'm, You've, It's Organizations: U.S, Supreme, Republican, White, WASHINGTON, Democratic, Air Force, Trump, Biden, White House, Joint Chiefs, Staff, Los Angeles Times, Army Rangers, Omaha, ABC Locations: Washington , U.S, D, France, Paris, Pointe du Hoc
Gold at near 2-week high as soft U.S. data lifts Fed rate-cut bets
  + stars: | 2024-07-03 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labor market was softening. "Bulls are trying to get ahead of what many believe will finally be a weak payrolls report on Friday," he added. [USD/The market now sees a 68% chance of the Fed cutting interest rates in September as well as another cut in December. Elsewhere, spot silver rose 3.4% to $30.52 per ounce, platinum gained 1.8% to $1,008.50 and palladium climbed 2.7% to $1,049.
Persons: Tai Wong Organizations: Federal Reserve, Bulls Locations: U.S, New York
U.S. yields lift dollar and leave yen languishing
  + stars: | 2024-07-02 | by ( ) www.cnbc.com   time to read: +3 min
The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest since 1986. The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest since 1986. Against the euro , the yen touched a lifetime low of 173.67 on Monday and was near that level on Tuesday. China's yuan , which hit a seven-month low on the dollar last week and has hardly moved since, faces similar pressure with U.S. 10-year yields more than 220 bps higher than Chinese government bond yields. The New Zealand dollar slipped 0.3% in early trade and at $0.6075 was testing support at its 200-day moving average.
Persons: Donald Trump, Joe, Biden, Christopher Wong, China's, , Sterling, Rob Carnell Organizations: U.S, New Zealand, ING Locations: Japan, Asia, China
MINNEAPOLIS – Only a week ago, Alicia Sacramone Quinn fretted about the gut-wrenching decision she and her two colleagues would have to make in determining the 2024 Olympic team. The United States will send four members of its 2020 Olympic team to Paris — Simone Biles, Sunisa Lee, Jordan Chiles and Jade Carey — reserving one singular spot for a rookie. For the very first time, we proudly introduce the 2024 U.S. Olympic Women's Gymnastics Team presented by @Xfinity! “I knew I wasn’t done after Tokyo,‘’ Biles said, adding that her “religious” Thursday meetings with her therapist helped her through. GO DEEPER At U.S. Olympic gymnastics trials, rash of injuries hovers over a major momentThe U.S. it turns out, is lucky none of the women making the return to the Games gave up.
Persons: Alicia Sacramone Quinn, Quinn, Paris — Simone Biles, Sunisa Lee, Jordan Chiles, Jade Carey —, Hezly Rivera, @Xfinity, ➡️ Hezly Rivera ➡️ Jade Carey ➡️ Simone Biles ➡️ Suni Lee ➡️ Jordan Chiles, Joscelyn Roberson, Leanne Wong pic.twitter.com, btf44HDjSL, Rivera, ” Quinn, , ’ Biles, I’d, Biles, , Skye Blakely, Kayla DiCello, Shilese Jones, Carey, , Brian, Chiles, Chiles wasn’t, overthinking, Megan Thee, Beyonce, ” Chiles, , Lee, she’d, Blakely, Jones, medaling, dismounting, Jess Graba, ‘ ’, Lee —, Matt Krohn Organizations: MINNEAPOLIS, Paris, Olympic, Target Center, , U.S, Games, Oregon State, NCAA, UCLA, U.S . Locations: Tokyo, United States, American, Minneapolis, Paris, Oregon, Biles
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