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☆ Pro-Russian hackers reportedly crashed Taiwan Stock Exchange website on Thursday, local media reports
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

A man walks past a monitor showing the stocks curves outside the Taiwan Stock Exchange in Taipei on May 12, 2021. While the exchange did not specify the cause of the attack or the perpetrator of the attack, local media reported this was part of a distributed denial of service, or DDoS, attack on the Taiwanese government by a pro-Russian hacker group. The exchange added that the securities market and related businesses are "operating normally without any impact." China views Taiwan as part of its territory and has not renounced the use of force against the island. [The land in] the Treaty of Aigun, you [China] could have asked for it back, but you didn't."

Persons: Radware, William Lai, Lai, — China's Organizations: Taiwan Stock Exchange, Taipei Times, of Peking Locations: Taipei, Russian, Taiwan, Pacific, China, Russia, Aigun, Manchuria, Japan, Shimonoseki, Republic of China

☆ South Alabama racks up highest point total by FBS team since 1991
▼ + stars: | 2024-09-13 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —The South Alabama Jaguars racked up the most points scored by an FBS team in over 33 years on Thursday, as they thrashed the Northwestern State Demons 87-10. Remarkably, the Jaguars did so in just 51 minutes, as both head coaches agreed to shorten the fourth quarter to a six-minute running clock. South Alabama’s point total is the highest by an FBS team in a single game since Fresno State beat New Mexico 94-17 in October 1991. South Alabama dominated the running game with 363 yards on the ground to go with six touchdowns from four different players. Four touchdowns from South Alabama stretched the lead to an impressive 52-10 at halftime, but still the Jaguars did not let up.

Persons: Bothwell, Kentrell Bullock, Major Applewhite’s, I’m, ”, Gio Lopez, ” Lopez, Jamaal Pritchett, Lopez, Jeremiah Webb, Jarvis Durr Organizations: CNN, South Alabama Jaguars, FBS, Northwestern State, Jaguars, Fresno State, New, Sun Belt Conference ., Alabama, Demons, ” Jaguars Locations: New Mexico, North Texas, Ohio, ”, South Alabama

☆ Photo hints a big US Air Force Reaper drone competition was focused on one of China's fake islands in the South China Sea
▼ + stars: | 2024-09-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewA newly released photo suggests a recent US Air Force Reaper combat drone event appears to have been focused to some degree on an artificial Chinese island in the South China Sea. AdvertisementOne of the screens featured a map of Mischief Reef and the surrounding area in the contested Spratly Islands of the South China Sea. The South China Sea has long been a source of tension between the US and China, as well as a number of other Indo-Pacific nations. AdvertisementSatellite imagery of the Mischief Reef in the South China Sea. "Air Force Special Operations Command is focused on specialized air power," said Col. Mark Jones, AFSOC concepts and capabilities development division chief, in the Wednesday release.

Persons: —, Thomas Shoal, Deanna Muir, Deanna Muir China, Mark Jones Organizations: Service, US Air Force, Wing, Business, Air Force, Operations, Squadron, Technologies, Air Force Special, Command Locations: South China, Florida, Spratly, Philippines, Beijing, China, Washington

☆ Ukraine’s Kursk offensive was seen as a success but it had a cost
▼ + stars: | 2024-09-13 | by ( Ivana Kottasová | Kostya Gak | ) edition.cnn.com time to read: +13 min

Kyiv launched its surprise incursion into Russia’s Kursk region last month, taking Moscow by surprise and quickly advancing some 30 kilometers (19 miles) from the border. A group of Ukrainian soldiers rest in a village near the Russian border after taking part in Ukraine’s operation in Kursk. Ivana Kottasova/CNNUkrainian officials said Moscow has sent some 30,000 troops into the Kursk region. But they are finding the service doesn’t work at all in certain parts of the Kursk region. (AP Photo) Efrem Lukatsky/APA group of Ukrainian soldiers rests after completing a long mission in Russia's Kursk region.

Persons: Ukraine CNN — Vasyl, Vasyl –, –, Volodymyr Zelensky, ”, ” Vasyl, Ivana Kottasova, Wagner, Yevgeny Prigozhin, Ramzan Kadyrov, Akhmat, Ukraine's “ Nightingale, Vasyl, Don’t, ” Dmytro, Ukrainian –, Oleksandr Syrskyi, Zelensky, Bill Burns, ” Burns, Fin, Chasiv Yar, “, sapper, Efrem, Kholod, ” Kholod, ’ ” Vasyl, “ I’m Organizations: Ukraine CNN, CNN, Kyiv, Ukraine’s, Russian Ministry of Defense, Russian, Wagner, Military Company, Chechen, Ukrainian Nightingale, Institute for, Kremlin, Western, CIA, APC, Ukrainian Defense Ministry Locations: Sumy, Ukraine, Ukrainian, Russia’s Kursk, Moscow, Russia, ”, Kursk, Russian, West Africa, US, Kherson, Luhansk, Donetsk, Crimea, London, Sudzha, Russia's Kursk, Pokrovsk

☆ The most well-known recession indicator stopped flashing red, but now another one is going off
▼ + stars: | 2024-09-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —For much of the last two years, the 2-year US Treasury yield has traded above the 10-year yield. Still, there are plenty of instances when the yield curve uninverted and a recession wasn’t right around the corner. The most recent prior case of the yield curve uninverting was September 2019. (Disinversion and uninversion are both used to refer to a yield curve that returns to being in positive territory.) One reason she isn’t on edge is because the yield curve was inverted for a much longer stretch of time compared to other recent recessions.

Persons: that’s, Marco Giacoletti, ” “, Kristina Hooper, Hooper, ” Kevin Flanagan, ”, Claudia Sahm, Sahm, Flanagan Organizations: New, New York CNN, Treasury, Federal Reserve, Fed, University of Southern California Marshall School of Business, CNN Locations: New York

☆ Biden signals openness to using Western long-range missiles inside Russia as he meets Britain’s leader to discuss
▼ + stars: | 2024-09-13 | by ( Kevin Liptak | ) edition.cnn.com time to read: +9 min

The president has long resisted calls from Ukrainian officials to ease restrictions on the weapons. “We’re working that out right now,” Biden said when questioned this week whether he would permit Western-provided long-range missiles to target military sites like airfields, missile launchers, fuel tanks and ammunition depots inside Russia. Still, that the conversation over long-range weapons is happening at all is an indication of how stalled battlefield dynamics are causing western leaders to rethink their approach. The revelation that Iran has been providing Russia with ballistic missiles has changed the debate over Ukraine’s capabilities, Lammy said. Earlier in the week, the bipartisan congressional Ukraine caucus called on Biden to allow Ukraine to strike targets inside Russia with the long-range weapons.

Persons: Joe Biden, Biden, ” Biden, Friday’s Biden, Starmer, Vladimir Putin, Putin, Volodymyr Zelensky, Antony Blinken, “, it’s, we’ll, ” Blinken, Andrii Sybiha, David Lammy, Lammy, Defense Lloyd Austin, ” Austin, Ukraine’s, Sen, Ben Cardin, Jeanne Shaheen of, ” Shaheen, ” Organizations: Washington CNN, British, White, US, Army Tactical Missile Systems, Ukrainian, National Security, Labour Party’s, NATO, Defense, Ukraine Defense Contact Group, Defense Department, Ukraine “, Senior, Senate Foreign Relations, Biden, Republican Locations: Ukraine, Russia, Ukrainian, United Kingdom, Kyiv, France, Iran, Western, Kursk, Washington, Russian, United States, British, Germany, Crimea, Ben Cardin of Maryland, Jeanne Shaheen of New Hampshire

☆ Kursk has casualty rates similar to other parts of the front and is getting tougher, Ukrainian soldiers say
▼ + stars: | 2024-09-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Casualty rates in Kursk are similar to other parts of the front lines, Ukrainian soldiers told CNN. Ukrainian forces have pushed into the Russian region for five weeks, but say it's getting tougher. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver a month into Ukraine's incursion into Russia's Kursk region, Ukrainian soldiers told CNN the situation there was getting tougher, with casualty rates similar to those seen in parts of the front line in Ukraine.

Persons: — Organizations: CNN, Ukrainian, Service, Business Locations: Kursk, Russian, Russia's Kursk, Ukraine, Russia

☆ Putin is threatening disaster over Ukraine's long-range missiles — but his past 'red lines' came to nothing
▼ + stars: | 2024-09-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

"This will mean that NATO countries — the United States and European countries — are at war with Russia," Putin said. But Ukraine's Western allies have provided billions in military aid to Ukraine, sending the aid incrementally in the form of increasingly effective weapons. AdvertisementYet Ukraine continued to drive back Russian forces that year until a stalemate developed, and has targetted occupied territory, including the Crimea peninsula, with long-range Western weapons. They succeded in rattling the West, it says, leading it to supply Ukraine weapons in a piecemeal way and much later than Ukraine seeks them. Analysts writing for the US think tank Responsible Statecraft last June said that the West would never know if it had crossed a real Russian red line until it's too late.

Persons: —, Vladimir Putin, Putin, Keir Starmer, Joe Biden, Putin's, Ukraine's, Volodymyr Zelenskyy, TATYANA MAKEYEVA, Sergey Lavrov, Biden, Donald Tusk Organizations: Service, Business, NATO, British Storm Shadow, Institute for, Western, Getty, Russian, The New York Times Locations: Ukraine, Russia, United States, Washington, DC, US, Ukrainian, Moscow, Crimea, Russia's Kursk, Kursk, AFP, Iran

☆ Beijing suspends PwC's China unit for six months in record penalty over Evergrande audit
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +5 min

Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm's audit of troubled property developer China Evergrande Group . "PwC has seriously eroded the basis of law and good faith, and damaged investors' interest," said the China Securities Regulatory Commission (CSRC) in a statement. PwC Zhong Tian, the registered accounting entity and the main onshore arm of PwC in China, was the country's top-earning auditor in 2022, according to the latest official data. "The cost is enormous in reputation, affecting the ability to get new business in China beyond the fine. PwC also deliberately excluded properties that Evergrande marked as "not allowed to visit" from audit samples, it added.

Persons: Zhong Tian, PwC, Gary Ng, PwC Zhong Tian, PwC Zhong, Daniel Li, Hemione Hudson, CSRC Organizations: China Evergrande Group, Big, China Securities Regulatory Commission, China's Ministry of Finance Locations: China, PwC, Asia, Pacific, Guangzhou, Hong Kong, New York

☆ Russia launches counteroffensive against Ukraine in Kursk border region
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +5 min

Russia has launched a major counterattack in its Kursk border region, more than a month after a surprise invasion by Kyiv’s forces that turned the tables in the two-and-a-half-year war. Ukraine has claimed to hold some 500 square miles of Russian territory in Kursk after sweeping across the border on Aug. 6 and taking Moscow by surprise. NBC News was able to geolocate a video purporting to show a column of what appears to be Russian military vehicles moving toward the settlement of Snagost in the Kursk region. Ukrainian forces were also trying to break through the border in other areas of the Kursk region, the ministry said. Zelenskyy told NBC News last week that he planned to hold the territory his forces had seized in Kursk indefinitely.

Persons: Volodymyr Zelenskyy, Vladimir Putin, Putin, Snagost, Christopher Tuck, “ It’s, ”, Tuck, Oleksandr Musiienko, Musiienko, Zelenskyy, ” Musienko Organizations: Russian Defense Ministry, NBC News, Russia’s Defense, King’s College London, Center for Military Legal, NBC, Ukraine Locations: Russia, Kursk, Ukraine, Moscow, Pokrovsk, Russian, Snagost, Glushkovsky, Kyiv

☆ Pope Francis, in Singapore, urges fair wages for migrant workers
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

SINGAPORE — Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers. “These workers contribute a great deal to society and should be guaranteed a fair wage,” he said. Many of the migrant workers come from nearby countries such as Malaysia, China, Bangladesh and India. A Singapore NGO that provides services for migrant workers, Humanitarian Organisation for Migration Economics, welcomed the pope’s remarks, saying they were in “full agreement” with his call for fair wages. The Vatican said Francis’ Mass drew some 50,000 people to Singapore’s national sports stadium.

Persons: Pope Francis, ”, Francis, Francis ’, Tharman Shanmugaratnam, Lawrence Wong, Tiziana Fabi, Getty Images Francis, Singapore’s, John Paul II, Singapore, ” Francis, Taylor Swift, Connie Rodriguez, “, Cardinal Stephen Chow Sau Organizations: Singapore NGO, Organisation, Migration Economics, Tiziana, Getty Images, Getty, Catholic Locations: SINGAPORE, Singapore, Southeast Asia, Oceania, Malaysia, China, Bangladesh, India, Philippines, Papua New Guinea, AFP, Hong Kong, Indonesia, East Timor, Rome

☆ A close Russian ally says it's conducted military drills to prevent its own Kursk 'scenario'
▼ + stars: | 2024-09-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Belarus' interior minister said armed forces had conducted drills in one of its border regions. Ivan Kubrakov said the goal was to prevent a Kursk "scenario" and protect its population. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBelarus, a longtime Russian ally, said it has conducted military drills to prevent a Kursk "scenario" on its own territory.

Persons: Ivan Kubrakov, — Organizations: Service, Business Locations: Belarus, Kursk, Ukraine, Russia, Russian, Brest, Poland, Kursk Oblast

☆ A hedge if this tech comeback is a head fake and a correction is still in order
▼ + stars: | 2024-09-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

The Technology Select Sector Index, which the ETF 'XLK ' tracks, is down about 9% since the all-time high on July 10. This is even though the technology sector earnings have experienced a compound annual growth rate 2.7% greater than the S & P 500. The chart below reflects the earnings growth of the Technology Sector vs. the S & P 500 over the past 20 years in a log scale. Not only has the technology sector grown earnings faster, but earnings growth has also been more stable. While technology stocks are down almost 9% from their all-time highs, those all-time highs also reflected all-time high valuations.

Persons: we've, it's Organizations: Technology, CNBC, NBC UNIVERSAL

☆ Forget funds like SPY and VOO — buy this alternative S&P 500 index that's trading near its cheapest levels since the dot-com bubble
▼ + stars: | 2024-09-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

But there's another lesser-known S&P 500 index that you might not have heard of: the SPW. In contrast, the conventional S&P 500 allocates more weight to the biggest companies based on market capitalization. Big Tech names carry very little debt on their balance sheets, meaning that they are less affected by elevated interest rates. Bank of AmericaIn contrast, the cap-weight S&P 500 is approaching overvalued territory. Examples of SPW index funds include the Invesco S&P 500 Equal Weight ETF (RSP) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW).

Persons: —, that's, Jack Ablin, LPL, Jeff Buchbinder, Savita Subramanian, Buchbinder, Ablin, haven't, Goldman Sachs Organizations: Service, Nvidia, Big Tech, Business, Bank of America, Cresset, Healthcare, financials, Bank of America's, Equity, RSP

☆ Kursk: Russia counterattacks against Ukraine in border region
▼ + stars: | 2024-09-12 | by ( Sophie Tanno | Gul Tuysuz | ) edition.cnn.com time to read: +4 min

CNN —Russia has launched a counter-attack in the Kursk border region where Ukrainian forces last month launched a surprise cross-border incursion. Ukraine has been anticipating a Russian reaction and a counteroffensive is in line with the ‘Ukrainian plan,’ Zelensky said. Zelensky has previously said that the surprise attack on Russia’s Kursk region was the initial step in a four-part “victory plan.”The Russian Ministry of Defense said in a statement Thursday that Russian forces had “penetrated” into the Kursk region, capturing 10 settlements. On August 6, Ukrainian forces stormed into the Kursk region in a shock, lightning strike that caught even American officials by surprise. Last week, Zelensky said Ukraine had captured around 100 settlements in the Kursk region, and around 1,300 square kilometers (500 square miles) of territory.

Persons: Volodymyr Zelensky, ’ Zelensky, Zelensky, Vladimir Putin, –, Bill Burns, Richard Moore, Ukraine’s, Moore, Burns, Cross, Pat Griffith, Dmytro Lubinets, ” Zelensky, “, ” Organizations: CNN, Ukrainian, Russian Ministry of Defense, CIA, Red Cross, International Committee, ICRC, ” ICRC Ukraine Locations: Russia, Kursk, Ukraine, Russia’s Kursk, ”, Russian, Snagost, Moscow, Ukrainian, Donetsk region, Donetsk

☆ Russia turns the tables on Ukraine, launching counterattacks to retake Kursk after incursion stalls
▼ + stars: | 2024-09-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Russia said it has launched a major counteroffensive to retake large areas of its Kursk region that were seized by Ukrainian forces in the border incursion that began last month. Russian Major General Apti Alaudinov, who commands special forces fighting in Kursk, said that Russian troops took back control of about 10 settlements in Kursk, which borders northeastern Ukraine. "Russian forces began counterattacks along the western edge of the Ukrainian salient in Kursk Oblast and reportedly seized several settlements northeast and south of Korenevo on September 10 and 11. The ISW noted that visual evidence suggested that Russian forces deployed in Kursk were operating in company-sized units of 100-250 soldiers and may be using more combat-experienced units to conduct the counteroffensive. The incursion prompted regional authorities to evacuate 150,000 people living in the region, as well as neighboring Belgorod.

Persons: Vladimir Putin, Apti Alaudinov, Alaudinov, Sergei Lavrov Organizations: Ukrainian, Google, Russia's, RIA Novosti, Russian, Institute for Locations: Orenburg, Russia, Kursk, Russian, Ukraine, Kursk Oblast, Korenevo, Russia's Kursk, Belgorod

Check price at Chewy Check price at Amazon What we like Check mark icon A check mark. Check price at Chewy Check price at Amazon Check price at Clawguard What we like Check mark icon A check mark. Check price at Chewy Check price at Amazon What we like Check mark icon A check mark. Check price at Chewy Check price at Amazon Check price at Petco What we like Check mark icon A check mark. A cat scratching pad is a compact, budget-friendly product to help stop your cat from scratching furniture.

Persons: Andrea Sanchez, behaviorists, Christine Calder, Shoshi, Sanchez, Shields, Daniel, Calder, it's, It's, Quagliozzi, Scratcher, Marlow, scratchers, Bob Murtaugh, Murtaugh Organizations: Business, Banfield Pet Hospital, Veterinary Behavior Services, Shoshi Parks, Amazon, Parks, Veterinary Medical Association, Humane Society of, National Academies of Locations: Vancouver , Washington, Chewy, Shoshi, United States

☆ Ukraine says it shot down a $50M Su-30 Russian fighter jet, sending it crashing into the Black Sea
▼ + stars: | 2024-09-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's Defense Intelligence says its forces have shot down a Russian fighter jet over the Black Sea, sharing a video of the apparent strike. According to the post, Russian forces lost contact with the aircraft around 5 a.m. local time and launched a search and rescue operation about three hours later. It said a telltale streak of jet fuel was found on the water, as well as parts of the plane's wreckage. Advertisement-1 russian Su-30SM jet 🔥Warriors of the @DI_Ukraine special unit destroyed a russian Su-30SM combat aircraft with MANPADS over the Black Sea. pic.twitter.com/yaKnzWXyYF — Defense of Ukraine (@DefenceU) September 12, 2024The pro-Ukrainian Telegram channel Crimean Wind, which monitors developments on the peninsula, also posted about a missing Russian Su-30 jet, citing an unnamed Ukrainian army source.

Persons: —, Russian Sukhoi Su, ince, cale Organizations: Service, Intelligence, Business, Naval Aviation Regiment Locations: Russian, Ukrainian, Cape Tarkhankut, Crimea, Saki

☆ China is taking over the South China Sea, and the US isn't doing enough to stop it, experts say
▼ + stars: | 2024-09-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +7 min

Read previewTensions between the Philippines and China have heightened around contested waters in the South China Sea in recent months. In recent months China has engaged in increasingly aggressive operations against the Philippines around the disputed islands of Sabina Shoal, Escoda Shoal, and Second Thomas Shoal in the South China Sea. Chinese Coast Guard holding knives and machetes as they approach Philippine vessels in the disputed South China Sea on June 17, 2024. A Chinese Coast Guard firing a water cannon at a Philippine Navy-chartered vessel resupplying troops stationed at Second Thomas Shoal in March 2024. AdvertisementSpeaking at a conference, he said that the "escort of one vessel to the other is an entirely reasonable option within our Mutual Defense Treaty."

Persons: —, Collin Koh, Thomas Shoal, Second Thomas, Jay Tarriela, Timothy Heath, Heath, Koh, Shoal, Ezra Acayan, Samuel Paparo, Alexander Lopez, Sari Arho Havrén Organizations: Service, Institute of Defence, Strategic, Singapore's Nanyang Technological University, Business, coastguard, Mutual Defense Treaty, RAND Corporation, Coast Guard, Armed Forces, AP, Congressional Research Service, China, Philippine Navy, Navy, Air Force, Pacific Command, Mutual Defense, Philippine National Maritime Council, RAND, Royal United Services, Democrats, Republicans Locations: Philippines, China, South, Sabina, South China, Philippine, Second, Sabina Shoal, Asia, Ukraine, Israel

☆ Russia will be ‘at war’ with NATO if Ukraine long-range missile restrictions lifted, Putin warns
▼ + stars: | 2024-09-12 | by ( Avery Schmitz | Michael Conte | ) edition.cnn.com time to read: +5 min

“This will mean that NATO countries – the United States and European countries – are at war with Russia,” Putin told reporters on Thursday. US officials have expressed concerns that allowing Ukraine to strike deep inside Russia could escalate the conflict and cause Russia to further accuse the US of being part of the war. Blinken said he discussed the restrictions with Ukrainian President Volodymyr Zelensky and would report back to President Biden. On Tuesday, the bipartisan congressional Ukraine caucus called on Biden to allow Ukraine to strike targets inside Russia with the long-range weapons. The United States already does provide intelligence to Ukraine, and has previously assisted in the targeting, although not with the long-range systems currently being considered.

Persons: Vladimir Putin, ” Putin, Joe Biden’s, Antony Blinken, we’ll, ” Blinken, Andrii Sybiha, David Lammy, Blinken, Volodymyr Zelensky, Biden, Putin, Stacie Pettyjohn, CNN’s Alex Marquardt, Rustem Umerov, William Courtney, ”, Michael Callahan, Natasha Bertrand, Oren Liebermann, Lex Harvey Organizations: CNN, NATO, Kyiv, Ukrainian, Britain’s, Biden, Republicans, West, United, Center, New American Security, Belbek Airbase, Tactical Missile, Ukrainian Defense, RAND Corporation Locations: Ukraine, Moscow, United States, Russia, Kyiv, Blinken’s Ukraine, Russian, Belbek, Crimea, Ukrainian, Iran, US

☆ Tokyo says it 'lodged a protest' after North Korea fired missiles toward Sea of Japan
▼ + stars: | 2024-09-12 | by ( Zenith Wong | In Zenithwong | ) www.cnbc.com time to read: +2 min

North Korea fired multiple short range ballistic missiles into waters east of the Korean peninsula on September 12, Seoul's military reported, days after the nuclear-armed North marked a state anniversary. After North Korea fired several ballistic missiles toward the Sea of Japan, Japanese Prime Minister Fumio Kishida said Thursday that he "strongly condemns" the move, adding that Tokyo has already "lodged a protest" with the Hermit Kingdom. Needless to say, the launch of ballistic missiles by North Korea is a violation of the UN Security Council resolutions," Kishida said. North Korea fired several short-range ballistic missiles off its east coast towards the Sea of Japan Thursday morning local time, according to the South Korean Joint Chiefs of Staff. In a statement, the U.S. Indo-Pacific Command also condemned the launch, calling on North Korea to "refrain from further unlawful and destabilizing acts."

Persons: Fumio Kishida, Kishida, Kim Jong Un Organizations: Korean, North, UN, South Korean Joint Chiefs, Staff, Korean Central News Agency, Pacific Command, ROK, Command Locations: Seoul, North Korea, Japan, Japanese, Tokyo, Hermit, U.S, South Korea, Korea, Pyongyang, East Sea

☆ Trump won't say if he wants Ukraine to win the war; Blinken visits Kyiv on long-range strikes
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +2 min

Ukraine woke Wednesday to a glaring display of the potentially expanding range — and possible limits — of American support. Hours after former President Donald Trump refused to say whether he wanted the U.S. ally to win the war against Russia, Kyiv welcomed Washington's top diplomat — hoping he will bring a long-awaited shift on its use of long-range weapons. President Joe Biden hinted Tuesday that Kyiv might be about to get what it wants after months of resistance from the White House. Trump was asked twice whether or not he wants Ukraine to win the war, but on both occasions he skirted the question. His response may heighten concerns in Kyiv that a Trump administration would remove U.S. support and seek an end to the war on terms favorable to Russia.

Persons: Donald Trump, —, Antony Blinken's, Kamala Harris, David Lammy, Mark Schiefelbein, Joe Biden, “, ” Biden, Harris, Trump, Vladimir Putin “, “ Putin, ” Trump Organizations: Ukraine, British, Getty Locations: U.S, Russia, Ukraine, Kyiv, AFP, Russia's Kursk, Moscow

☆ GameStop craters as earnings show sales falling and profits driven mostly by its huge cash pile
▼ + stars: | 2024-09-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

GameStop stock plunged on Wednesday after revealing a 31% revenue decline in its second-quarter earnings. The video game retailer's revenue drop comes amid the industry's shift to digital game downloads. AdvertisementGameStop investors received a sobering wakeup call on Wednesday after the video game retailer saw its stock plunge as much as 18%. GameStop's earnings revealed a sharp 31% revenue decline to $798 million as the video game industry accelerates its transition from physical game sales to digital game downloads. AdvertisementAside from the sharp revenue decline, GameStop reported a slight profit surprise with adjusted earnings per share of $0.01 higher than the -$0.09 estimate from Wall Street.

Persons: —, Keith Gill, Ryan, Ryan Cohen's GameStop Organizations: GameStop, Service, Nintendo, Sega, Wall, Federal, SEC

☆ European stocks set for mixed open as markets await U.S. inflation data
▼ + stars: | 2024-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Shoppers at a Walmart store in Secaucus, New Jersey, U.S., in March 2024. LONDON — European stocks are expected to open in mixed territory on Wednesday as global markets focus on the latest U.S. inflation data set to be released later in the day. The U.K.'s FTSE index is seen opening 4 points higher at 8,208, Germany's DAX up 25 points at 18,304, France's CAC 40 flat at 7,404 and Italy's FTSE MIB up 66 points at 33,259, according to data from IG. Traders have their eyes on two key economic reports out of the U.S. this week, with the consumer price index report for August due Wednesday, followed by the producer price index on Thursday. The data comes before a widely anticipated interest rate cut at the Federal Reserve's Sept. 17-18 meeting that could help assuage concerns over a weakening U.S. economy.

Persons: Germany's DAX Organizations: Walmart, LONDON, CAC, IG, Traders, Federal Locations: Secaucus , New Jersey, U.S

☆ Dow falls by almost 700 points after inflation report reduces chance of a jumbo-sized rate cut
▼ + stars: | 2024-09-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

But what appeared to garner a lot more attention was the 0.3% monthly rise of the core CPI gauge, which excludes food and energy. The higher-than-expected rise in core inflation will likely cause central bank officials to proceed more carefully when deciding whether to cut interest rates and by how much. On Tuesday, traders were pricing in a 34% chance the Fed would cut rates by a half point. But after the CPI data was released Wednesday morning, traders priced in a 15% chance that would happen. Wednesday’s market moves are a stark contrast to Monday’s, when the Dow, S&P 500 and Nasdaq all closed 1.2% higher.

Persons: clamoring, Dow Organizations: New, New York CNN, Federal Reserve, Nasdaq Locations: New York

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