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CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
  + stars: | 2024-08-14 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Economic uncertainty Home Depot exceeded quarterly expectations but lowered its full-year sales outlook , citing weak demand due to high interest rates and consumer uncertainty. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. The baristas have to be energised, clearly they've had some union problems, clearly they've had a lot of new products that haven't worked," Palmer told CNBC "Squawk on the Street." Chief Financial Officer Richard McPhail told CNBC, "Customers aren't just deferring because of higher financing costs.
Persons: Richard McPhail, Laxman Narasimhan, Brian Niccol, Narasimhan, Mellody Hobson, Narasimhan —, Niccol, David Palmer, they've, haven't, Palmer, Sarat Sethi, CNBC's, Sethi, , Sarah Min, Amelia Lucas, Brian Evans, Samantha Subin, Jennifer Elias, Jeff Cox, Spencer Kimball Organizations: New York Stock Exchange, CNBC, Jefferies, Google, Apple, Gemini, Evercore ISI, Depot, Douglas, Lane & Associates, McDonald's, Starbucks, Walmart Locations: New York City, China
Canada couldn’t beat Guadeloupe or Guatemala last summer, then lost to Jamaica and confidence has pretty much hit rock bottom. The Athletic followed Marsch and Canada to Rotterdam and Bordeaux to find out. In the 15 months he has been out of the game, Marsch has taken time to choose his next job. “There’s a long way to go.”GO DEEPER The Jesse Marsch debate: Underrated Premier League-level manager or master of failing up? Well, for a start, Canada do have a number of talented players to build a team around.
Persons: John Herdman, Alphonso Davies, Herdman, Jesse Marsch, It’s Marsch’s, you’d, Stephen Eustaquio, Georginio Wijnaldum, Dean Mouhtaropoulos, Cyle, Virgil van Dijk, Marsch, Marcelo Bielsa, George Wood, San, “ We’re, , , can’t, Davies, Jonathan David, Tajon Buchanan, Ismael Kone, Jacob Shaffelburg, Erling Haaland, Martin Odegaard, Koen van Weel, Buchanan, David, ” Davies, ” Marsch, It’s, Ralf Rangnick, “ He’s, Alistair Johnston, ” Eustaquio, Kompany, they’re, Preston’s Liam Millar, William Saliba, Maxime Crepeau, Kylian Mbappe, Liam Millar, France’s N’Golo Kante, Franck Fife, “ That’s, Johnston, we’ve, ” Johnston, They’ve, Rene Nijhuis Organizations: The Athletic, Copa, Canada couldn’t, Leeds United, Copa America, Argentina, U.S, Championship, The, Leeds, Poland, Porto, New York Red Bulls, Red Bull Salzburg, Austrian, RB Leipzig, Premier League, Southampton, MLS Canada Men’s, MLS, Montreal, Toronto FC, Vancouver Whitecaps, UEFA, Canada, Bayern Munich, Real Madrid, Bernabeu, Champions League, Lille, League, Serie, Inter Milan, Watford, Getty, Marsch, , , Bayern Canada, France Locations: Netherlands, France, Argentina, Canada, Qatar, Guadeloupe, Guatemala, Jamaica, Europe, Copa, U.S, Mexico, Marsch, Rotterdam, Bordeaux, Dutch, Leicester, South Korea, Chile, Peru, San Marino, Cook, Canadian, Eustaquio, Nashville, Norway, Munich, Milan, Lille, Mallorca, Austria, It’s, AFP, Atlanta
[1/8] Asian Games - Hangzhou 2022 - Closing Ceremony - Hangzhou Olympic Sports Centre Stadium, Hangzhou, China - October 8, 2023 A view of the handover ceremony at the closing ceremony REUTERS/Marko Djurica Acquire Licensing RightsHANGZHOU, China, Oct 8 (Reuters) - China's eastern city of Hangzhou rounded off the 19th Asian Games on Sunday with a colourful and "joy"-themed closing ceremony after hosting the continental sporting extravaganza which organisers hailed as "one of the finest" ever. Taking place amid tight security the less-than two hour ceremony also included a handover to the hosts of the next Asian Games in 2026, the Japanese city Nagoya. The hosts' 201st gold left them two better than their previous best of 199 at the 2010 Guangzhou Asian Games. Organisers said 12,407 athletes from 45 nations competed in 40 sports at the Hangzhou Games, which were delayed for a year due to COVID-19. "We have hosted the most successful Asian Games in history" said Chen Weiqiang, Executive Secretary General of the Hangzhou Asian Games Organising Committee and vice-mayor of Hangzhou.
Persons: Marko Djurica, Li Qiang, jigged, Takashi Kawamura, Randhir Singh, Gu Shiau, Kazakhstan's Moldir, Chen Weiqiang, WADA, Martin Quin Pollard, Ian Ransom, Christian Schmollinger, Toby Chopra, Christian Radnedge Organizations: Hangzhou Olympic Sports Centre, Rights, Games, Nagoya, Mainichi, Olympic Council of Asia, energised, Bangkok Games, Hangzhou Games, Hangzhou Asian Games, Doping Agency, Olympic, Paralympic Games, Olympic Council of, OCA Locations: Hangzhou, China, Rights HANGZHOU, Nagoya, Nanjing, Aichi, Guangzhou, Jakarta, Japan, Macau, North, Korea, Olympic Council of Asia
People represent different countries during seminars on conflict scenarios with China, organised for youth by the Kuomintang (KMT) party, in Taipei, Taiwan May 21, 2023. Younger voters are again playing a role - but this time they are gravitating to dark horse candidate who has become the DPP's closest challenger. Ko Wen-je, a 64-year-old former Taipei mayor, has won over many younger voters with plain talk on issues such as high housing costs rather than focusing on the China threat. Some younger voters may show their hands late, so Ko's appeal to that demographic could close the gap with Lai. Although it may have a healthy lead in opinion polls, the DPP is acutely aware of the dangers of losing younger voters.
Persons: Ann Wang, Tsai Ing, William Lai, Ko Wen, Ko, Lai, Terry Guo, Chen Kuang, Chen, Hou Yu, Mao Zedong's, Ho Chih, yung, Ho, Zheng De, Zheng, Sarah Wu, Yimou Lee, Ben Blanchard, John Geddie, Gerry Doyle Organizations: Kuomintang, KMT, REUTERS, Rights, United States, Democratic Progressive Party, Taiwan People's Party, Taiwanese Public, DPP, Apple, Chung Cheng, Taiwan's, ih, Reuters, Thomson Locations: China, Taipei, Taiwan, Rights TAIPEI, Beijing, United, Hong Kong, Lai, Chung Cheng University
Revived Ricciardo wants to end his career with Red Bull
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +3 min
The 34-year-old Australian started his comeback with Red Bull-owned AlphaTauri last month, after taking time out following his exit from McLaren at the end of 2022, but hopes eventually to return to reigning champions Red Bull Racing. Red Bull's Mexican Sergio Perez will be out of contract as double world champion Max Verstappen's team mate at the end of next season. "Now that I'm back in the Red Bull family it's the only place I want to be and want to stay," he told Sky Sports television. "However much longer my career is, it's where I want to end my career. Ricciardo told reporters he was looking well beyond the end of the season.
Persons: AlphaTauri's Daniel Ricciardo, Stephanie Lecocq, energised Daniel Ricciardo, Bull, Red Bull, Mexican Sergio Perez, Max Verstappen's, Lando Norris, it's, Ricciardo, Alan Baldwin, Toby Davis Organizations: Prix, Grand Prix REUTERS, McLaren, Red Bull, Sky Sports, Thomson Locations: Zandvoort, Netherlands, ZANDVOORT, Mexican, Hungary, Belgium, London
[1/5] Pope Francis attends a welcome ceremony at Parque Eduardo VII during his apostolic journey to Portugal on the occasion of the XXXVII World Youth Day, in Lisbon, Portugal, August 3, 2023. The crowd, which police said numbered about half a million, was the largest in Lisbon since celebrations in 2016 when Portugal's men won the European soccer championships. Thursday's early evening event was the first of several with the pope for World Youth Day, a gathering that takes place every three years in a different city. One of the young people who addressed the pope before he spoke asked him "to put things right in the Church for a better future". He told the crowd the Church had room for everyone, "including those who make mistakes, who fall or struggle", and led them in a chant of "Todos, todos, todos!"
Persons: Pope Francis, Parque Eduardo VII, Portugal mobbed Pope Francis, Francis, Edward VII, Mariana Moreira, God, Philip Pullella, Kevin Liffey Organizations: Parque, Vatican, Handout, REUTERS, Thomson Locations: Portugal, Lisbon, REUTERS LISBON, Barcelos
Popp doubles down as Germany maul Morocco 6-0
  + stars: | 2023-07-24 | by ( Ian Ransom | ) www.reuters.com   time to read: +3 min
MELBOURNE, July 24 (Reuters) - Talismanic captain Alexandra Popp scored a brace as Germany launched their bid for a third Women's World Cup title with a 6-0 demolition of debutants Morocco on Monday. I look forward to the next match, but today we want to be happy with what we did today. "As it stands we came across a team which was superior to our own -- David and Goliath," said Morocco coach Reynald Pedros. Whirling around in the box, Popp scored again in the 39th minute, Buehl's corner pinging off the back of her head. Lea Schueller completed the rout a minute before stoppage time, smashing in the sixth goal after team mate Lena Lattwein's attempt careened off the keeper.
Persons: Alexandra Popp, Popp, Klara Buehl, Lea Schueller, Martina Voss, Tecklenburg, Lionesses, David, Goliath, Reynald Pedros, Khadija Er, Ghizlane Chebbak, Merle Frohms, Lina Magull, Hanane Ait, Hanane Ait El Haj, Zineb Redouani, Lena Lattwein's, Ian Ransom, Christian Radnedge Organizations: MELBOURNE, Germany, Melbourne, Colombia, South, Thomson Locations: Morocco, Germans, South Korea, Sydney, Germany, Moroccan, Qatar, Hanane Ait El, Melbourne
INVESTMENT HELPSThe company based in Hove on Britain's south coast was one of 61 firms - most with 25 or fewer employees - to take part in the world's biggest four-day week trial last year. The experience of some companies in the first trial suggests that moving to a four-day week might help, if it prompts firms to spend more on equipment and training. It piloted a four-day week for its 80 New Zealand staff over 18 months, and has since extended it to 500 workers in Australia, a move it hopes will attract new talent. British recruitment agency Reed.co.uk said it had seen a rise in the number of job advertisements offering a four-day week since the start of the year. Allcap, a supplier of industrial components with 36 employees in western England, tried a four-day week after its staff had worked flat out during the pandemic to supply protective equipment and ventilator parts.
Record turnout projected as Thais vote in battle of old rivalries
  + stars: | 2023-05-14 | by ( ) www.cnbc.com   time to read: +2 min
A voter casts their vote into a ballot box at a polling station on May 14, 2023 in Bangkok, Thailand. Thais were forecast to vote in record numbers on Sunday in an election expected to deliver big gains for opposition forces, testing the resolve of a pro-military establishment at the heart of two decades of intermittent turmoil. Elsewhere in the capital, prime ministerial hopefuls for the ruling party and opposition groups cast their votes, including incumbent Prayuth Chan-ocha and Pheu Thai's Paetongtarn Shinawatra. "People need change," Paetongtarn said after casting her vote, expressing "high hopes" for a landslide victory. In 2006 the military toppled Thaksin, who fled into exile.
[1/6] Electoral workers prepare ahead of the upcoming general election, in Bangkok, Thailand, May 13, 2023. The election again pits Pheu Thai's driving force, the billionaire Shinawatra family, against a nexus of old money, military and conservatives with influence over key institutions that have toppled three of the populist movement's four governments. We will change from a dictatorship to a democratically elected government," Paetongtarn told cheering crowds on Friday at Pheu Thai's final rally. The United Thai Nation of Prime Minister Prayuth Chan-ocha, who led the coup against Pheu Thai's last government, has pledged debt relief, cheaper electricity for low-income groups and subsidies for transport and crop harvesting. ($1 = 33.8500 baht)Reporting by Chayut Setboonsarng; Writing by Martin Petty; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
They are bringing the issue of the role of monarchy in society into the open. Changing - though not abolishing - those laws is part of the platform of Lookkate's progressive Move Forward party, which is campaigning on reducing the severity of punishments for royal insult and how it is applied. Kanokrat said the protests had put issues such as LGBT rights and the ending of the military conscription on the agenda. They had energised the progressive left while at the same time triggering the rise of a right-wing royalist party, Thai Pakdee, which is campaigning on toughening up the lese majeste law, he said. "We have a real progressive left that connects with street politics and a far-right party that rises as a response."
Rodrygo double eases Real Madrid into semi-finals
  + stars: | 2023-04-18 | by ( Martyn Herman | ) www.reuters.com   time to read: +4 min
Real looked capable of killing the tie whenever they moved forward and Rodrygo, who scored a vital goal against Chelsea at the same stage last year, smashed a shot against the post. Home keeper Kepa Arrizabalaga then beat away a Vinicius Junior effort before Real's master craftsman Luka Modric forced another save from Arrizabalaga. "It was a second yellow card, which means a red, which means 30 minutes with us a man up," Lampard said. Real then switched gears and Rodrygo skipped past Chalobah's wild slide on the right and his cross was eventually played back to him by fellow Brazilian Vinicius Jr to calmly slot home. ($1 = 0.8048 pounds)Writing by Martyn Herman in London Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
[1/2] Ukrainian artillery fires towards the frontline during heavy fighting amid Russia's attack on Ukraine, near Bakhmut, Ukraine, April 13, 2023. "Russia has re-energised its assault on the Donetsk Oblast town of Bakhmut as forces of the Russian MoD and Wagner Group have improved co-operation," it said, referring to Russia's defence ministry and its main mercenary force. "Ukrainian forces face significant resupply issues but have made orderly withdrawals from the positions they have been forced to concede," Britain's military said in a daily intelligence update. It said Wagner units were now focusing on advancing in the centre of Bakhmut, while Russian paratroopers were relieving them in attacks on the city's flanks. Moscow says it would open a route to capturing more territory in Ukraine's eastern Donbas region, a major war aim.
[1/2] Ukrainian artillery fires towards the frontline during heavy fighting amid Russia's attack on Ukraine, near Bakhmut, Ukraine, April 13, 2023. Western countries have in the past pointed to acrimony between the Russian defence ministry (MoD) and the country's main mercenary force Wagner as a major Russian weakness. Ukrainian Deputy Defence Minister Hanna Maliar said Russian commanders had redirected troops to Bakhmut from other areas. The British update said the Ukrainians still held western districts of the town but had been subjected to particularly intense Russian artillery fire over the previous 48 hours. Moscow says it would open a route to capturing more territory in Ukraine's eastern Donbas region, a major war aim.
LONDON, Feb 20 (Reuters) - Scottish finance minister Kate Forbes said on Monday she would run in the leadership contest to replace Nicola Sturgeon as Scottish National Party (SNP) leader and Scotland's first minister. Forbes, who was elected to the Scottish parliament in 2016 and became finance secretary in 2020, is the third candidate to enter the race since Sturgeon's surprise resignation last week. Forbes, a Christian, was among senior politicians who urged the Scottish government in 2019 not to rush into gender reform legislation. Health minister Humza Yousaf and former minister Ash Regan have said they will run in the contest to replace Sturgeon. Two other possible contenders, 53-year-old culture minister Angus Robertson, a former deputy leader of the party, and John Swinney, the 58-year-old deputy first minister, have ruled themselves out.
[1/6] Godwin Nnamdi, 27-year-old fitness trainer and first-time voter, poses for a portrait at a gym in Lagos, Nigeria February 15, 2023. But his active social media campaign and promises to break with Nigeria's gerontocratic past have endeared him to many younger voters. The young and tech-savvy, first-time voters rallying around Obi call themselves the "Obi-dients" - a somewhat incongruous choice for an anti-establishment movement. The former banker has promised jobs, skills training and funding to young Nigerians, but so too have Tinubu and Atiku. If Obi loses, Ndukwe said he would join the wave of skilled Nigerians leaving the country in its perpetual brain drain.
UK's Hunt pledges to boost growth but won't budge on tax hikes
  + stars: | 2023-01-26 | by ( ) www.reuters.com   time to read: +2 min
[1/2] British Chancellor of the Exchequer Jeremy Hunt leaves his house in London, Britain, November 16, 2022. REUTERS/Toby MelvilleLONDON, Jan 26 (Reuters) - British finance minister Jeremy Hunt will promise on Friday to tackle the country's weak productivity with post-Brexit finance reforms to boost growth, but he will also stick to the tax rises that have angered some lawmakers in his Conservative Party. Hunt, who steadied financial markets after the turmoil of former Prime Minister Liz Truss' "mini-budget" in September last year, is preparing to announce a plan for growth in a budget statement in March. The Telegraph newspaper said Hunt would reject calls from some Conservative lawmakers to bring forward tax cuts as a way to spur growth. Earlier on Thursday, Hunt told fellow ministers that he had to stick to the fiscal discipline he outlined in November in order to help reduce inflation which is running above 10%, according to Prime Minister Rishi Sunak's office.
[1/2] Turkish President Tayyip Erdogan addresses lawmakers of his AK Party during a meeting in parliament in Ankara, Turkey, January 18, 2023. The main opposition Republican People's Party (CHP) also condemned the incidents in Sweden and said they would serve Erdogan's re-election campaign. But Erdogan said this week that Sweden could no longer expect Turkey's support for its NATO bid, and Ankara cancelled a planned trilateral meeting. Washington, Stockholm and Helsinki had hoped Ankara would ratify the NATO bids before Turkey's election. While Erdogan's government backs the Nordics' NATO bid with conditions, his political opponents had been more supportive - before the Stockholm incidents.
"This is the biggest privilege and biggest responsibility of my life," Hipkins said at a news conference announcing his appointment. Hipkins immediately acknowledged the leadership of Ardern, who he called one of New Zealand’s greatest prime ministers and an inspiration to women and girls everywhere. Known as "Chippy", Hipkins built a reputation for competence in tackling COVID-19 and was a troubleshooter for Ardern when other cabinet ministers were struggling. Hipkins named Carmel Sepuloni as deputy prime minister, New Zealand's first deputy prime minister of Pacific origin. Before Hipkins becomes prime minister, Ardern will tender her resignation to King Charles' representative in New Zealand, Governor General Cindy Kiro.
Tunisia needed not only to beat the already-qualified France but to hope for Denmark to avoid defeat against Australia in the other Group D game to advance. Tunisia thus keep their unwanted record of not progressing from the group stage in six World Cup appearances. Tunisia's win also ended France's six-match winning streak at the World Cup. Khazri said Tunisia were ending their World Cup journey with a "bittersweet feeling" - delighted to have beaten France but heartbroken by the outcome of the other group game. Mbappe and Griezmann energised the French, who were aided by Tunisia sitting back in the hope of preserving their win.
Energised Hamilton says he will return Mercedes to the top
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +3 min
Oct 23, 2022; Austin, Texas, USA; Mercedes AMG Petronas Motorsport driver Lewis Hamilton (44) of Team Great Britain waves to the fans after the running of the U.S. Grand Prix F1 race at Circuit of the Americas. Register now for FREE unlimited access to Reuters.com Register"We are much closer now, the upgrade worked and we were racing for a win," said Mercedes boss Toto Wolff. Hamilton has had two other runnerup results this season in France and Hungary but it was the manner of the fight in Texas that had both the Englishman and his Mercedes team looking ahead to next year. "What's happened this year in terms of our performance and everything to get a win would be a huge triumph for us," said Hamilton. "I felt amazing to even just be in shooting distance of Max for some parts of the race," said Hamilton.
ORLANDO, Fla., Oct 17 (Reuters) - General Dynamics Corp's (GD.N) Gulfstream Aerospace is weighing one of its business jets to replace its popular G550 aircraft which is now out of production for special mission purposes, President Mark Burns said on Monday. Governments are eying "special mission" business jets capable of looking or listening at potentially lower running costs than converted passenger or military planes. The rising demand for small jets with systems once reserved for bigger planes has energised a market led by Gulfstream, which faces challenges from rivals Bombardier (BBDb.TO) and France's Dassault Aviation SA (AM.PA). In September, Canada's Bombardier Inc (BBDb.TO) said the company's defense business involving special mission private jets could grow to a possible $1 billion in annual revenues from a 'fraction' of it right now. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Allison Lampert in Orlando, Fla.
Explainer: Rightist alliance set for Italian election victory
  + stars: | 2022-09-13 | by ( ) www.reuters.com   time to read: +6 min
REUTERS/Yara NardiROME, Sept 23 (Reuters) - Italy votes in a national election on Sunday that could herald its most right-wing government since World War Two, led by its first woman prime minister. read moreThe vote was called after infighting brought down Prime Minister Mario Draghi's national unity government in July. Before then they had consistently shown that a rightist coalition led by the nationalist Brothers of Italy party and also involving the League party and Forza Italia was on course for a clear victory. Register now for FREE unlimited access to Reuters.com RegisterBrothers of Italy leader Giorgia Meloni would be the likely choice for prime minister as head of the main coalition party. Prime minister from 2018-21, he provoked anger when his party withdrew support for Draghi's government in July, sparking divisions that led to the early election.
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