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The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. The Bank of Japan kept its benchmark interest rate steady at "around 0.25%" — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. Japan's economy has recovered moderately, the central bank said in its official statement, while acknowledging "some weakness has been seen in part." BOJ Governor Kazuo Ueda said last month that the central bank would continue to raise interest rates if the economy and inflation stayed in line with the central bank's projection. On Thursday, The U.S. Federal Reserve cut interest rates by 50 basis points to a range of 4.75% to 5.0%.
Persons: BOJ, Kazuo Ueda Organizations: Bank of Japan, The Bank of Japan, Nikkei, U.S . Federal Reserve Locations: Tokyo
Family offices are the most bullish they've been in years, putting their cash to work in stocks and alternatives as the Fed starts to cut interest rates, according to a new survey. Nearly all family offices, 97%, expect positive returns this year, and nearly half expect double-digit gains, according to Citi Private Bank's 2024 Global Family Office Survey. With interest rates heading down, family offices are also regaining their appetite for stocks. More than a third, 39%, of family offices plan to increase their allocation to developed-market equities, mainly the U.S., while only 9% plan to trim their equity exposure. That comes after 43% of family offices increased their exposure to public stocks last year.
Persons: Robert Frank, they've, Hannes Hofmann Organizations: Citi, Citi Private Bank
"I'm really proud of this moment," Carolina Panthers President Kristi Coleman told CNBC ahead of the game. The game is the first time two female presidents will go head-to-head in professional football. When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League. The NFL says 22 women currently hold full-time coaching positions in the NFL. As part of growing and developing that pipeline of women, the NFL holds an annual Women's Forum.
Persons: Kristi Coleman, David Tepper, Dave Canales, Coleman, Sandra Douglass Morgan, Mark Davis, Douglass Morgan Organizations: Carolina Panthers, CNBC, NFL, Las Vegas Raiders, National Football League . Carolina Panthers, Bank of America, Panthers, Tepper Sports & Entertainment, NFL League Office, The Institute, Diversity, University of Central Locations: Charlotte , North Carolina, Sport, University of Central Florida
CNN —The US soldier who ran across the border from South to North Korea last year was sentenced Friday to one year in confinement and dishonorable discharge after pleading guilty to charges of desertion and assault. The time King spent in confinement after his apprehension will count toward his sentence, the Army said. Military officials previously said that in July 2023 King “willfully and without authorization” crossed into North Korea shortly after he was released from a detention facility in South Korea. One day later, King joined a tour of the Joint Security Area in the demilitarized zone between North and South Korea from which he fled across the demarcation line and into Pyongyang’s custody. Several months later, the US received word that North Korea wanted to return King.
Persons: Travis King, King, , Travis, , Franklin Rosenblatt, ” Rosenblatt, Michelle McCaskill, King “ Organizations: CNN, US Army Office, Army, Military, Army’s, Joint Security Area, DPRK, US Army Locations: South, North Korea, Fort Bliss , Texas, South Korea, Seoul, United States, North, Korea, Swedish, China
FedEx earnings miss could signal a slowing economy
  + stars: | 2024-09-20 | by ( Chris Isidore | ) edition.cnn.com   time to read: +3 min
CNN —FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. “The labor market is in solid condition, and our intention with our policy move today is to keep it there,” Powell said. “You can say that about the whole economy: The US economy is in good shape. The labor market is at a strong pace. Shares of FedEx had been up 21% year-to-date through Thursday’s close before Friday’s decline.
Persons: Rajesh Subramaniam, ” Subramaniam, John Dietrich, Subramaniam, , , we’re, Jerome Powell, ” Powell Organizations: CNN, FedEx, Federal Reserve
China's yuan rose to its strongest level in nearly 16 months on Friday on bets that Beijing will unveil fresh economic stimulus following a jumbo U.S. rate cut, though gains were capped by dollar buying from Chinese state banks. The onshore yuan strengthened to as much as 7.0420 per dollar, the firmest level since May 24, 2023, on track for a six-session rising streak. The Fed cut rates by a larger than usual 50-basis-points on Wednesday. On Friday, China's major state-owned banks were seen buying dollars in the onshore market to prevent the yuan from appreciating too fast. Prior to the market opening, the People's Bank of China set the midpoint rate at 7.0644 per dollar, its strongest in nearly 16 months.
Persons: recouping, Zhiwei Zhang, Yang Fan Organizations: Citic Securities, People's Bank of Locations: Beijing, China, U.S, People's Bank of China
CNN —A fired-up Vice President Kamala Harris adopted a rapid-response mentality to seize on the key issue of abortion rights this week. Harris’ strength on abortion rights is built on key groups that she hopes will show up in droves for her on Election Day. Among Black voters, 83% trust Harris, and among Hispanic voters, it was 63%. Eva Marie Uzcategui/Bloomberg/Getty ImagesWill men consider abortion rights when they vote? Abortion rights may not be a motivating issue for men.
Persons: CNN —, Kamala Harris, , Harris, Oprah Winfrey, CNN’s Priscilla Alvarez, Trump, Joe Biden’s, ” Alvarez, Donald Trump, Roe, Wade, “ I’m, ” Harris, Shanette Williams, Amber Nicole Thurman, ProPublica, Thurman, Winfrey, CNN’s Brianna Keilar, Nisha Verma, ” Verma, ” “, Verma, White, Walz, Eva Marie Uzcategui, CNN’s Arit John, Eva McKend, David Wright Organizations: CNN, Georgia, New York Times, Siena College, Trump, Black, Democratic, Republican, Biden, Bloomberg, Getty Locations: Atlanta, Michigan, Georgia, Chicago, North Carolina, Boynton Beach , Florida, Pennsylvania
Watch CNBC's full interview with Marci McGregor & Brian Levitt
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Marci McGregor & Brian LevittMarci McGregor, Merrill & Bank of America Private Bank head of CIO portfolio strategy, and Brian Levitt, Invesco global market strategist, join CNBC's 'Closing Bell' to discuss reactions to the Fed's decision to cut rates by 50 basis-points, market outlooks, and more.
Persons: Marci McGregor, Brian Levitt Marci McGregor, Brian Levitt, CNBC's Organizations: Merrill & Bank of America Private Bank
CNN —The legal team representing the alleged victims of the former owner of Harrods, Mohamed Al Fayed, say the late billionaire was a “monster” whose crimes were “enabled” by the high-end department store. Armstrong said Al-Fayad was a “monster” who committed a “vast web of abuse.”Setting out the legal claim being brought against Harrods, Armstrong said Al-Fayad was “enabled by a system” that pervaded the store. “This is and was a systematic failure of corporate responsibility, and that systematic failure is on the shoulders of Harrods,” Armstrong said. The legal team involved in the BBC investigation claimed Harrods knew of Al Fayed’s alleged crimes. Al Fayed’s son, Dodi Fayed, died in 1997 along with Princess Diana in a high-speed car crash in Paris.
Persons: Mohamed Al Fayed, Al, Fayed, Dean Armstrong, Armstrong, Fayad, , ” Armstrong, Al Fayed’s, Jeffrey Epstein, Jimmy Savile, Bruce Drummond, Shaun Curry, Gloria Allred, Harvey Weinstein, ” Allred, Dodi Fayed, Princess Diana, CNN’s Catherine Nicholls Organizations: CNN, Harrods, BBC, Getty, London’s Fulham Football Club Locations: , London, British, AFP, Britain, Paris
If you’re looking for how to get tickets to Mariah Carey's 2024 concert tour, then we’ve got you covered. How to buy tickets for Mariah Carey 2024 concert tourYou can buy original tickets for Mariah Carey’s 2024 Christmas tour and 2025 Las Vegas residency through Ticketmaster. Mariah Carey’s 2025 Las Vegas concert residency, The Celebration of Mimi, at the Dolby Live Theater permits all ages. Mariah Carey also offers VIP packages for her Christmas tour and The Celebration of Mimi 2025 Las Vegas residency. There are currently no international tour dates scheduled for Mariah Carey's 2024 tour.
Persons: Mariah Carey, Mariah Carey’s, Carey, , Mariah Carey's, we’ve, Saint, Mimi, Christmas Organizations: Business, Las Vegas, Las, Dolby, AZ, Ticketmaster, Vivid Locations: North America, Las Vegas, Highland , California, Brooklyn , New York, Highland, Hollywood, CA, Phoenix, Austin, Houston, Dallas, Atlanta, Nashville, TN, Rosemont, IL, Saint Louis, Washington, Philadelphia, Boston, Baltimore, Raleigh, NC, Pittsburgh, Newark, NJ, Park, NY, Brooklyn, Vegas, Phoenix , AZ, Raleigh , NC, Brooklyn , NY, StubHub, Belmont Park, , CA
Constellation Energy plans to restart the Three Mile Island nuclear plant , with operations slated to resume in 2028 subject to approval by the Nuclear Regulatory Commission. It demonstrates the growing financial opportunity that nuclear power represents for utilities and their investors. VST YTD mountain Vistra shares, YTD The power company, headquartered outside Dallas, is viewed as one of the lead contenders to ink a data center nuclear deal next. "Vistra's timely acquisition of nuclear portfolio Energy Harbor in 2023 gives the company a coveted nuclear portfolio," the analysts said. Burke specifically called out Comanche Peak, a twin reactor nuclear plant with 2.4 gigawatts of capacity outside Forth Worth, Texas.
Persons: Vistra, Shahriar Pourreza, Jefferies, Julien Dumoulin, Smith, Jim Burke, Burke, John Ketchum, Duane Arnold, Ketchum, NextEra, Robert Blue Organizations: U.S, Constellation Energy, Nuclear Regulatory Commission, Microsoft, Vistra Corp, Nvidia, Energy, Guggenheim Securities, Wall Street, Jefferies, NextEra Energy, Dominion Energy, Dominion Locations: Dallas, Ohio, Pennsylvania, Energy Harbor, Forth Worth , Texas, Iowa, FactSet, Waterford , Connecticut
Attempts to purge voter rolls increase as election nears
  + stars: | 2024-09-20 | by ( Devan Cole | ) edition.cnn.com   time to read: +11 min
As of Tuesday, at least three dozen cases related to voter rolls and their maintenance are pending in 19 states, according to the liberal-leaning Democracy Docket, which tracks election litigation. The right-wing effort to purge voter rolls has largely centered around claims that noncitizens are casting illegal votes in favor of Democrats. “There’s always been some litigation about voter rolls and list maintenance. Reviewing voter rolls is a regular practice for states, and despite the 90-day quiet period, the NVRA does allow individuals to ask to be taken off lists close to an election. The federal law exempts some states if they allow voter registration on Election Day at polling centers where federal elections are conducted.
Persons: Donald Trump’s, Joe Biden, Kamala Harris ’, Brennan, “ There’s, , Uzoma Nkwonta, Nkwonta, ” Justin Levitt, , Meritless, Biden, Jason Frazier, Earl Ferguson, Wes Allen, Allen, State Francisco Aguilar, Aguilar, Levitt, J, Christian Adams, Daniel Dale, Fredreka Schouten Organizations: Washington CNN, Republican National Committee, Justice Department, Brennan Center for Justice, New, Loyola Law School, Biden White House, Republicans, NGPAF, Biden, Trump ., DOJ, CNN, Alabama Republican, RNC, Nevada Democratic, State, Nevada Department of Motor Vehicles, Survey, Michigan Bureau, Interest Legal Foundation Locations: Georgia , Nevada , Michigan, Wisconsin, New Georgia, Georgia, Fulton County, Fulton, Trump, Trump . Fulton County, Atlanta, Nevada, Michigan , North Carolina, Arizona, Michigan
What happened to 23andMe?
  + stars: | 2024-09-20 | by ( Allison Morrow | ) edition.cnn.com   time to read: +5 min
Takes the company public. 23andMe went public in 2021, jumping on the SPAC trend of the era, when a bunch of companies went public via “special purpose acquisition companies” — essentially shell-company mergers that let firms go public in a hurry when investor appetite is strong. 23andMe co-founder and CEO Anne Wojcicki, pictured in 2020. Side note: I did my own 23andMe test, in 2019, motivated by a millennial compulsion to spend money on any product that promises to alleviate and/or deepen my corporeal angst. 23andMe has tried to convert one-time buyers into subscribers with the promise of continued feedback and personalized wellness plans.
Persons: CNN Business ’, it’d, Anne Wojcicki, , It’s, Susan Wojcicki, 23andMe, Emma McIntyre, Oprah’s, there’s …, Wojcicki, Organizations: CNN Business, New York CNN, Yale, Google, Wall Street, Wall Street Journal Locations: New York, Bay
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAppreciation of the yen could slow the pace of BOJ rate hike, economist saysTakahide Kiuchi, executive economist at Nomura Research Institute, expects that the Bank of Japan will hike rates in January 2025.
Persons: Takahide Kiuchi Organizations: Nomura Research Institute, Bank of Locations: Bank of Japan
The idea behind saving for retirement is to provide yourself with income between when you stop working and when you die. For those born after 1960, full retirement age — when you receive a full Social Security benefit — is age 67. So maybe it's not surprising that most U.S. retirement savers aren't planning on a lengthy retirement. "Building a plan around spending your assets down to zero, for us, we simply avoid it at all costs." In fact, the median retirement age for U.S. workers is 62, according to research from the Employee Benefit Research Institute.
Persons: CNBC's, SurveyMonkey, Yusuf Abugideiri, Yeske Buie, Abugideiri, you'll Organizations: National Center for Health Statistics, Social Security, Research Locations: Vienna , Virginia, America
Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed. Three Mile Island would be the second nuclear plant to restart operations in U.S. history. The Palisades nuclear plant in Michigan would be the first, with that plant expected to return to service at the end of 2025.
Persons: Norma Field, Constellation, Joe Dominguez, Goldman Sachs Organizations: Exelon, Constellation Energy, Microsoft, Constellation, Nuclear Regulatory Commission, Clean Energy Center, Rystad Energy, Turkey . Tech, Amazon Web Services, Talen Energy, Susquehanna, Oracle Locations: Middletown , Pennsylvania, Turkey, Pennsylvania, Michigan
Read previewWestern restrictions on how Ukraine can hit targets in Russia make its F-16 fighter jets less effective, military experts told Business Insider. This, in turn, leaves Russia's weaponry more free to hit Ukrainian jets, making them more vulnerable and less able to fly close to the front lines. A still from footage by Ukraine's air force that shows a Storm Shadow missile being launched. A limited number of F-16sThe effectiveness of Ukraine's F-16s faces other challenges, too. Ukraine and its allies, as well as warfare experts, also describe Ukraine's F-16 program as being in its infancy.
Persons: , George Barros, Barros, DIMITAR DILKOFF, Michael Bohnert, Gordon B, Skip, Davis, Jr, Volodymyr Zelenskyi, Vitalii, it's, Czarek, Michael Clarke, Volodymyr Zelensky, Keir Giles, Oleksiy, Zelenskyy, Ukraine's Organizations: Service, Business, Getty, RAND Corporation, Shadow, YouTube, Ukrainian Air Force, AP, Chatham House's, Air, Libkos, Ukraine US Locations: Ukraine, Russia, AFP, Kursk, Denmark, Norway, Belgium, Netherlands, Poland, Chatham House's Russia, Eurasia, Russian, Ukrainian, Shepetivka, Britain
The Barclays 6 Month Online CD is paying 5.10% APY, but it may not be for long. This is because CD rates are directly impacted when the Federal Reserve changes rates. Most notably, the well-known online bank Barclays Bank still has a 6-month CD paying 5.10% annual percentage yield (APY) on a 6-month CD, but it may not be for long. How to earn 5.10% APY on a Barclays CDSince Barclays is an online-only bank, you'll have to apply for the Barclays 6 Month Online CD online. She edits and updates articles about banks, checking and savings accounts, CD rates, budgeting, and general saving.
Persons: you'll, Sophia Acevedo, Sophia, Axel Springer, Education Sophia Organizations: Fed, Barclays, Federal Reserve, Barclays Bank, Business, Finance, Bank, Savings, Education, California State University Fullerton, National Association of Hispanic Journalists, Angeles Locations: California
A Georgia mother died in 2022 from a treatable infection due to delays to her medical care stemming from the state’s restrictive abortion law, nonprofit news outlet ProPublica reported. According to ProPublica, Miller’s family told a coroner she did not seek care because of laws around pregnancy and abortion. The family shared their story and engaged with the vice president in an emotional moment. The Harris campaign is hoping the political saliency of reproductive rights can help galvanize voters ahead of Election Day. Last week, the Harris campaign launched an abortion-focused ad, capitalizing on what officials said was a pivotal exchange between Harris and Trump.
Persons: Kamala Harris, , Harris, Joe Biden’s, , Biden, Roe, Wade, Amber Nicole Thurman, ProPublica, Candi Miller, Miller’s, Thurman’s, Oprah Winfrey, Trump, Hadley Duvall Organizations: CNN, Democratic, Republican, Tennessee Republicans, Harris, New York Times, Siena College, Trump Locations: Georgia, Nashville, Florida, Arizona, North Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarvard's Jason Furman on the Fed's interest rate decision, Harris vs. Trump's economic policiesJason Furman, Harvard Kennedy School professor and former CEA chair, joins 'Squawk Box' to discuss the Fed's inflation fight, what was behind the central bank's 50 basis point cut, state of the economy, 2024 election, Harris vs. Trump's economic agendas, and more.
Persons: Jason Furman, Harris Organizations: Harvard Kennedy School, CEA
A staffer of vice presidential candidate JD Vance called Springfield City Manager Bryan Heck on September 9 and asked if there was any truth in rumors that Haitian immigrants were taking and eating pets in Springfield, Heck told the Journal. I told them these claims were baseless.”“Yes, that call was made,” Springfield Mayor Rob Rue told CNN’s “Laura Coates Live” Thursday. Although the false claims about Haitian immigrants abusing animals have been widely discredited, Trump and Vance have doubled down since the debate. Asked Sunday by CNN’s Dana Bash to back up his claims, Vance, a US senator from Ohio, said he has received concerns from constituents, though he did not provide evidence. Two Ohio state trooper vehicles parked outside the Springfield City Schools office Friday.
Persons: JD Vance, Bryan Heck, Heck, ” Heck, , Rob Rue, CNN’s, Laura Coates, , Donald Trump, Springfield, Mike DeWine, ” DeWine, Sassy, Jeff Winter, Anna Kilgore, Kilgore, Trump, Vance, CNN’s Dana Bash, Dana, ” Vance, Rue, Vilbrun Dorsainvil, ” Rue, “ We’ve, Warren Davidson, ” Davidson, ” CNN’s Jeff Winter, Meridith Edwards, Omar Jimenez Organizations: CNN, Trump, Springfield City, Springfield, ” CNN, ” Ohio Republican Ohio Gov, The New York Times, Clark State College, Wittenberg University, Wall Street, Springfield City Schools, Springfield “, Trump . Ohio, Republican, Locations: Springfield , Ohio, Springfield, ” Ohio, Ohio, he’s
CNN —The US is expected to announce a major weapons package to Ukraine as soon as next week, but it will likely delay the shipping of the equipment due to inventory shortages, according to two US officials. The US currently has $5.9 billion left in Presidential Drawdown Authority for Ukraine, the Pentagon said this week, which is set to expire at the end of the fiscal year in less than two weeks. Presidential drawdown packages were initially intended as a way of supplying Ukraine with arms and equipment in the short-term since the start of the war with Russia. More sophisticated equipment with long production times was sent through another mechanism – the Ukraine Security Assistance Initiative – that purchased weapons directly from arms manufacturers for future delivery. The US believes Ukraine will need at least $500 million worth of presidential drawdown authority per month through fiscal year 2025, according to a senior administration official.
Persons: Sabrina Singh, Biden Organizations: CNN, US, Pentagon, Defense Department, Ukraine Security, Initiative Locations: Ukraine, Kyiv, Russia, Europe
Chart of the Day: Nike
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart of the Day: NikeThe Investment committee debate how to trade Nike after the CEO's departure.
Organizations: Nike The Investment, Nike
We've put together everything you need to know about how to buy Indiana Fever vs. Connecticut Sun tickets for both confirmed and contingent games. Indiana Fever vs. Connecticut Sun scheduleThe Indiana Fever vs. Connecticut Sun Round 1 Playoffs schedule begins on September 22 in Connecticut. How to buy Indiana Fever vs. Connecticut Sun ticketsConnecticut Sun tickets for the first two games went on sale last week, and Indiana Fever tickets for the potential third game go on pre-sale today. How much are Indiana Fever vs. Connecticut Sun tickets? Tickets for the Indiana Fever vs. Connecticut Sun match-up vary depending on the date and location.
Persons: We've Organizations: Business, Indiana Fever, Connecticut Sun, Mohegan Sun Arena, Gainbridge Fieldhouse, Ticketmaster, Indiana Fever's Locations: Connecticut, Gainbridge, Indianapolis , Indiana, Indiana, Uncasville, Indianapolis
Call of the Day: PayPal
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCall of the Day: PayPalPayPal reiterated outperform at Mizuho. Josh Brown breaks down how to trade the name from here.
Persons: Josh Brown Organizations: PayPal PayPal, Mizuho
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