DIRS.INFO The most relevant business & tech news

☆ In older adults, a little excess weigh may be OK
▼ + stars: | 2023-07-14 | by ( Judith Graham | Kff Health News | ) edition.cnn.com time to read: +9 min

For years, experts have debated what to advise older adults in this situation. Only 27% to 44% of older adults meet these guidelines, according to various surveys. Epidemiologic research suggests that the ideal body mass index (BMI) might be higher for older adults than younger adults. The study’s conclusion: “The WHO healthy weight range may not be suitable for older adults.” Instead, being overweight may be beneficial for older adults, while being notably thin can be problematic, contributing to the potential for frailty. Indeed, an optimal BMI for older adults may be in the range of 24 to 29, Carl Lavie, a well-known obesity researcher, suggested in a separate study reviewing the evidence surrounding obesity in older adults.

Persons: they’ve, ”, Mitchell Lazar, we’re, John Batsis, Anne Newman, —, Carl Lavie, Lavie, “, ” Lavie, Newman, you’re, Dinesh Edem, Dennis Kerrigan, Katie Dodd Organizations: CNN, US Centers for Disease Control, Institute for Diabetes, University, Pennsylvania’s Perelman, of Medicine, University of North Carolina School of Medicine, Center for Aging, Health, University of Pittsburgh School of Public Health, BMI, World Health Organization, WHO, University of Pittsburgh, University of North, University of Arkansas, Medical Sciences, Henry Ford Health, Kaiser Health, KFF Locations: —, Chapel Hill, New Orleans, University of North Carolina, Michigan

☆ UBS says Microsoft shares are 'too attractive' not to buy
▼ + stars: | 2023-07-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The artificial intelligence opportunity and recent underperformance of Microsoft make it hard to stay on the sidelines, UBS said. Analyst Karl Keirstead upgraded the technology stock to buy from neutral and raised his price target by $55 to $400. "We upgrade Microsoft shares to Buy from Neutral on evidence that Azure/AWS cloud infrastructure spend is beginning to stabilize after a significant deceleration over the past year," he said in a note to clients Thursday. Keirstead downgraded Microsoft early in the year, arguing that spending trends for cloud programs such as Azure and Amazon Web Services were going downhill. He argued that Azure's decline, in the case of Microsoft, could weigh on the stock.

Persons: Karl Keirstead, Keirstead, — CNBC's Michael Bloom Organizations: Microsoft, UBS, Web Services

BEIJING, July 13 (Reuters) - China's exports contracted last month at their fastest pace since the onset three years ago of the COVID-19 pandemic, as an ailing global economy puts mounting pressure on Chinese policymakers for fresh stimulus measures. Momentum in China's post-pandemic recovery has slowed after a brisk pickup in the first quarter, with analysts now downgrading their projections for the economy for the rest of the year as factory output slows in the face of persistently weak global demand. Outbound shipments from the world's second-largest economy slumped a worse-than-expected 12.4% year-on-year in June, data from China's Customs Bureau showed on Thursday, following a drop of 7.5% in May. Imports contracted 6.8%, steeper than an expected 4.0% decline and the previous month's 4.5% fall. With exports accounting for about one-fifth of the economy and the troubled property sector for about one-third, China's prospects have dimmed for a quick recovery after COVID-related lockdowns battered the economy in 2022.

Persons: Zichun Huang, Xu Tianchen, Li Qiang, Zhiwei Zhang, Joe Cash, Ellen Zhang, Edmund Klamann Organizations: Customs, . Imports, Reuters, Capital Economics, Administration of Customs, Exports, Economist Intelligence Unit, Management, Thomson Locations: BEIJING, China, Beijing, United States, Russia

☆ Foxconn-Vedanta JV split credit negative for UK conglomerate- CreditSights
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

[1/2] A man walks past the logo of Vedanta outside its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui/File PhotoCHENNAI, July 13 (Reuters) - A decision by Taiwan's Foxconn (2317.TW) to withdraw from a $19.5 billion semiconductor joint venture with Vedanta (VDAN.NS) is a "credit negative" for the Indian conglomerate's UK parent Vedanta Resources, debt research firm CreditSights said on Thursday. CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments. CreditSights also expects further strain on credit metrics and free cash flows for both Vedanta Resources and India's Vedanta with Foxconn's exit also resulting in a loss of a partner to split manufacturing costs. CreditSights maintained its "buy" rating on Vedanta Resources' bonds saying its refinancing outlook for some debt maturities have improved, helped by $1.3 billion of fresh loan fundraisings.

Persons: Danish Siddiqui, Taiwan's Foxconn, CreditSights, Foxconn, Praveen, Nivedita Organizations: Vedanta, REUTERS, Danish, Indian conglomerate's, Vedanta Resources, JV, Fitch, Thomson Locations: Mumbai, India, CHENNAI, Volcan, Chennai

☆ A pair of fund managers who've beaten 97% of competitors in the last 15 years share 4 top investments to score safe, solid returns in a market driven by speculative AI stocks
▼ + stars: | 2023-07-13 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are four investments to make right now with stocks at risk of giving up their gains. "When we see windows of market distress, we tend to have a range of different opportunities to deploy that cash," McLennan said. If foreign currencies continue to strengthen relative to the dollar, the fund managers think international stocks could take off. Perhaps that's why, of their four favorite investments to make right now, three are international stocks. All three of the stocks McLennan and Brooker are most bullish on are all trading at discounts despite being leaders in their fields and having strong leadership teams, they said.

Persons: Matt McLennan, Kimball Brooker, McLennan, it's, Morningstar, Brooker, there's, they're, Wednesday's, Goldman Sachs, they'll, They've Organizations: Eagle Global Fund, Federal, McLennan

☆ Shell-hungry artillery battles with Russia are fast eating through Ukraine's ammo, and that's why cluster bombs are key, experts and officials say
▼ + stars: | 2023-07-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

The US decided last week to send deadly but controversial cluster munitions to Ukraine's military. Experts and officials say these explosives will help ease Ukraine's ammunition shortages. The provision of cluster munitions is also aimed at preserving US stockpiles. Washington's difficult decision to outfit Kyiv with cluster munitions appears to have come at a calculated and pivotal moment. "The hard but necessary choice to give them the cluster munitions amounted to this," US Secretary of State Antony Blinken told MSNBC at the NATO summit in Lithuania this week.

Persons: Biden, —, Wojciech Grzedzinski, Jake Sullivan, Sullivan, Colin Kahl, Dmytro Smolienko, " Kahl, Vladimir Putin, Joe Biden, Jack Watling, Justin Bronk, Drew Angerer, Bronk, Watling, Antony Blinken Organizations: US, Service, Ukrainian, Pentagon, The Washington, Getty, Moscow, White, National, Kyiv, Publishing, CNN, NATO, Royal United Services Institute, MSNBC Locations: Wall, Silicon, Ukraine, Kyiv, Washington, Zaporizhzhia Region, Russian, Washington , DC, U.S, Lithuania

Former BoE policymaker Kate Barker told the Financial Times this weekend that targetted and temporary tax rises on top earners may be the most effective and fairest way to go. "We're asking monetary policy to do all the work," she said. But the political sensitivity of income tax likely dictates the way forward, however cogent the economics. Yet the more general point of fiscal policy helping with the final throes of the inflation battle continues to be made. "Fiscal Policy should remain aligned with monetary policy in the fight against inflation," the Fund concluded.

Persons: BoE policymaker Kate Barker, President Biden, Mike Dolan, Matthew Lewis Organizations: International Monetary Fund, Bank for International, U.S, Bank of, Financial Times, Fed, U.S . Bureau of Labor Statistics, Britain's, National Statistics, Reuters Graphics Reuters, Reuters, Republicans, Twitter, Thomson Locations: Britain, London

HONG KONG, July 12 (Reuters) - China's major tech companies have shed more than $1 trillion in value -equivalent to the entire Dutch economy - since the government's regulatory crackdown on the sector began more than two years ago, according to Refinitiv data. Reuters GraphicsTechnology stocks (.HSTECH) in Hong Kong have rallied 4.1% since Monday as investors bank on an easing regulatory environment to boost earnings, but some analysts have sounded a note of caution. "Mega-cap tech companies will allocate increasingly large amounts of capital expenditure towards developing generative AI technologies and products in a hostile external environment, potentially impacting profitability," said Redmond Wong, Saxo Markets strategist in Hong Kong. Steven Leung, UOB Kay Hian sales director, said current valuations would last "until we see more supporting policies from authorities". Reporting by Donny Kwok in Hong Kong and Scott Murdoch in Sydney; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Tencent, Redmond Wong, Steven Leung, UOB Kay Hian, Donny Kwok, Scott Murdoch, Kevin Liffey Organizations: People's Bank of China, Tencent Holdings, HK, Alibaba, Baidu Inc, Reuters Graphics Technology, Saxo Markets, Thomson Locations: HONG KONG, Hong Kong, Sydney

Foxconn (2317.TW) withdrew from the JV with the Indian metals-to-oil conglomerate on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem." India expects its semiconductor market to be worth $63 billion by 2026, but Modi's plan has so far floundered. The $3 billion ISMC project is stalled because Tower is being acquired by Intel, while another $3 billion plan by IGSS was also halted because it wanted to re-submit its application, Reuters has reported. Like Foxconn, the Indian government has said the breakup of the JV had "no impact" on India's semiconductor plans, adding that both companies were "valued investors" in the country.

Persons: India Foxconn, Foxconn, Narendra Modi's chipmaking, Modi, IGSS, Ann Wang, Vedanta, Anil Agarwal, Vedanta's, Yimou Lee, Ben Blanchard, Tanvi Mehta, Aditya Kalra, Jacqueline Wong, Sonali Paul, Alexander Smith Organizations: India, JV, Vedanta, TW, Semiconductors, IGSS Ventures, ISMC, Intel, Reuters, REUTERS, Vedanta's, Vedanta Ltd, Vedanta Resources, Thomson Locations: chipmaking, India, TAIPEI, MUMBAI, Singapore, New Taipei City, Taiwan, Vedanta's India, Vedanta's London, Taipei, Mumbai, New Delhi, Pandya, Bengaluru

LONDON, July 11 (Reuters) - Europe's gas consumption has fallen by 10% to 15% compared with the decade before Russia's invasion of Ukraine as high prices enforce sharp cuts, especially by energy-intensive industries. Chartbook: Europe gas consumptionBy May 2023, prompt gas prices had fallen by 85% from their August 2022 peak as panic-buying for storage ended and a mild winter left Europe with record gas stocks at the end of winter. Some capacity has yet to re-open fully because long-term gas prices are too high to make resuming operations profitable. Europe averted gas shortages during winter 2022/23 but at the cost of significant de-industrialisation, which will be hard to reverse unless prices fall significantly. Related columns:- Europe’s gas storage space is filling too fast (July 6, 2023)- Europe’s gas prices stabilise as storage additions slow (June 8, 2023)- Europe's extraordinary good fortune with winter weather (April 18, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Alexander Smith Organizations: Eurostat, Thomson, Reuters Locations: Ukraine, Europe, Germany, France, Spain, Italy

☆ 'We have to spend more': European leaders weigh in on defense spending across the continent
▼ + stars: | 2023-07-11 | 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 Email'We have to spend more': European leaders weigh in on defense spending across the continentAs heads of state arrive at the NATO summit in Vilnius, Lithuania, CNBC speaks to Spanish Prime Minister Pedro Sanchez, Prime Minister of Lithuania Krišjānis Kariņš, President of Poland Andrzej Duda, and Prime Minister of The Netherlands Mark Rutte about their respective policies on military expenditure in Europe.

Persons: Pedro Sanchez, Lithuania Krišjānis Kariņš, Andrzej Duda, Netherlands Mark Rutte Organizations: NATO, CNBC, Spanish Locations: Vilnius, Lithuania, Netherlands, Europe

☆ NATO Isn’t Really About Defense, and It Never Was - The New York Times
▼ + stars: | 2023-07-11 | by ( Grey Anderson | Thomas Meaney | ) www.nytimes.com time to read: +4 min

In the realm of defense, the alliance was not as advertised. The war in Ukraine, for all the talk of Europe stepping up, has left that asymmetry essentially untouched. Far from a costly charity program, NATO secures American influence in Europe on the cheap. Before Russia’s invasion of Ukraine, roughly half of European military spending went to American manufacturers. Yet already there are signs that NATO is making headway in getting Europe to follow its lead in the theater.

Persons: — Organizations: NATO, European Union, U.S . Locations: Czech Republic, Prague, United States, Ukraine, Europe, U.S, Brussels, American, America, Washington, Germany, China, South China

☆ Special counsel Jack Smith spent $5.4 million on Trump probes through March
▼ + stars: | 2023-07-07 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Special counsel Jack Smith's office spent more than $5.4 million during the four and a half months since he took over two criminal probes centered on former President Donald Trump, the Department of Justice said Friday. Smith's operation spent the remainder of the money on travel, rent, printing, supplies, acquisition of equipment, according to the statement of expenditures. The DOJ on Friday also released separate spending reports for two other special counsels, Robert Hur and John Durham. The special counsels' activities are funded by the permanent appropriation for independent counsels, the reports note. Marshals Service also incurred a combined $3.8 million in support of Smith's probes, but that figure is not included in the $5.4 million total because the agencies paid their own respective costs.

Persons: Jack Smith, Donald Trump, Jack Smith's, General Merrick Garland, Smith, Trump, Joe Biden, Robert Hur, John Durham . Hur, Durham Organizations: US Department of Justice, Department of Justice, IT, DOJ, White, FBI, U.S . Marshals Service Locations: Washington ,, Durham

☆ How we're thinking about all 11 stock market sectors heading into Friday's key jobs report
▼ + stars: | 2023-07-06 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

While the natural inclination is to cheer a strong jobs market, investors are responding with a boo and bailing out of risk assets. The thinking goes like this: If people are at work and the labor market is stronger than expected, the ability of the consumer to absorb higher prices is also greater than previously thought. If the ability to absorb higher prices is greater than expected, above target (2%) inflation can last longer than estimated, regardless of the current fed funds rate. If the current fed funds rate isn't stopping hiring and consumers' ability to absorb higher prices, the rate simply isn't high enough. Energy is tough: We really need China's reopening to pick up as demand will be the key to higher energy prices.

Persons: —, — it's, it's, Staples, Eli Lilly, we've, Friday's nonfarm, We're, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Federal Reserve, Apple, Nvidia, American Electric Power, Treasury, Silicon Valley Bank, Constellation Brands, Management, GE Healthcare, Technology, Linde, LIN, Energy, buybacks, Microsoft, Verizon, Disney, Procter & Gamble, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: Silicon, U.S, Friday's, New York City

☆ What to know about nuclear power in the US
▼ + stars: | 2023-07-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Those developments, which might give anyone pause about the future of nuclear power, are counteracted by other headlines. The question of nuclear energy splits governmentsGermany made the decision to decommission all of its nuclear plants after disasters like Chernobyl and Fukushima. Nuclear power in the USAs of 2022, about 18% of US electricity is generated by nuclear power, according to the US Energy Information Administration. First, be very carefulI talked to one nuclear expert who said the US should be slow and methodical about nuclear power and another who argued there are multiple, public misperceptions about nuclear power that should be corrected. The more circumspect voice is Rodney Ewing, a Stanford University professor and expert on nuclear waste who was chairman of a federal review of nuclear waste procedures.

Persons: CNN’s Clare Sebastian, Larry, Joe Biden, Rodney Ewing, ”, I’ve, ” Ewing, “, David Ruzic –, Ruzic, we’ve, ” Ruzic, “ It’s, it’s, Ewing Organizations: CNN, International Atomic Energy Agency, US Energy Information Administration, FirstEnergy Corp, Department of Energy, Stanford University, Bulletin, Atomic Scientists, University of Illinois, Lawmakers Locations: Russia, Ukraine, Europe’s, Japan, Georgia, Germany, Fukushima, France, CNN’s, China, Tennessee, California, Illinois

☆ ‘Life is like it is’: TotalEnergies CEO defends strategy despite calls to cut fossil fuel production
▼ + stars: | 2023-07-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

"Today, our society requires oil and gas … Why we are together, it is 80% of fossil fuels. The question is not fossil fuels, it is emissions, to lower the emissions." TotalEnergies CEO Patrick Pouyanne said the company had allocated nearly one-third of its capital expenditure to low-carbon technologies, with the remainder spent on oil and gas. Picture Alliance | Picture Alliance | Getty ImagesThe burning of fossil fuels, such as oil and gas, is the chief driver of the climate emergency. I know the scientists told us you should forget [fossil fuels] — but life is like it is.

Persons: TotalEnergies, CNBC's Dan Murphy, Patrick Pouyanne, Pouyanne, Antonio Guterres, That's Organizations: Getty, BP, Shell, TotalEnergies, Dutch, Protesters, Salle, Bloomberg Locations: Vienna, Austria, Ukraine, Paris

☆ UK's Currys drops dividend on uncertain economic outlook
▼ + stars: | 2023-07-06 | by ( James Davey | ) www.reuters.com time to read: +2 min

The group also reported a 38% fall in full year profit, hurt by the weak performance of its Nordics business. Accordingly, we're being prudent in our planning, and in further strengthening our balance sheet," CEO Alex Baldock said. Baldock said Currys had taken actions to maximise operating cashflow through margin improvement, delivering cost savings and reducing capital expenditure. Nevertheless, the economic outlook remains uncertain in our main markets," Currys said. The group reported a statutory loss before tax of 450 million pounds for the year, driven by a previously announced non-cash goodwill impairment of 511 million.

Persons: we're, Alex Baldock, Baldock, Currys, Mike Ashley's Frasers, Frasers, James Davey, Sarah Young, Jason Neely Organizations: Consumers, Revenue, Ireland, Thomson Locations: British, Europe, Currys

☆ A millennial couple in Singapore spent $40,000 renovating a 4-room public housing apartment and turned it into a modern Scandinavian-style home. Take a look inside.
▼ + stars: | 2023-07-05 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

Amanda Goh/InsiderThe couple's apartment is part of the new Bidadari housing estate that was launched for sale in November 2016. Amanda Goh/InsiderThe couple designed their home in a modern Scandinavian style, with plenty of wood accents. It's also kind of expanded — we moved a wall inside just to open up the space," Teo said. Amanda Goh/InsiderThe couple collected the keys in June 2022 and started renovations a month later. Amanda Goh/InsiderThe couple also created a pie chart of the cost breakdown so they knew how much they spent on each room.

Persons: Vanessa Tan, Shannon Teo, —, It's, Tan, Teo —, they're, Teo, Amanda Goh, they'd, we're Organizations: Service, Board, Housing Locations: Singapore, Woodleigh, —, Instagram

☆ Can Japan's Nikkei benchmark hit an all-time high of 40,000? One strategist thinks so
▼ + stars: | 2023-07-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Akio Kon | Bloomberg | Getty ImagesJapan's Nikkei 225 can reach 40,000 points in the next 12 months as fundamentals are "pointing in the right direction," according to market strategist Jesper Koll. Should the prediction come true, this would mean that the Nikkei would have breached its all-time high of 38,195 achieved on Dec 29, 1989. Japan's central bank has maintained an ultra-loose monetary policy for more than 20 years. He said that while there is more upside in the Nikkei, "a lot of good news is already priced in." That's on the expectation that the BOJ will move to tighten monetary policy.

Persons: Akio Kon, Jesper Koll, CNBC's, Koll, Kazuo Ueda, Tony Sycamore Organizations: Tokyo Stock Exchange, Bloomberg, Getty, Nikkei, Monex Group, Bank of Japan, CNBC Locations: Tokyo, Japan, Japan's, Koll, Sycamore

☆ NZ's Vista Group to streamline business, cut jobs to turn cashflow positive
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

July 6 (Reuters) - New Zealand's Vista Group International Ltd (VGL.NZ) on Thursday disclosed plans to reduce 6%-8% of its global workforce and streamline operations in an effort to turn cashflow positive a year earlier than targeted. Shares of Vista rose 4.7% to NZ$1.77 by 1129 GMT, marking its highest level since September 2022. "This updated, more stable, development program should result in a modest reduction in the total spend over time and a lower cash consumption in the near term," the company said. It now expects total capital expenditure to be about NZ$20 million ($12.36 million) per year ongoing. The restructuring and transformation program will be completed by the end of 2023, the company said.

Persons: Roushni Nair, Shweta Agarwal Organizations: Zealand's, International, NZ, Zealand, Thomson Locations: Bengaluru

[1/3] One of Tiger Brands' most popular beverage products, Oros, is seen during production at a manufacturing facility in Germiston, South Africa November 17, 2022. This investment, sometimes at the cost of essential capital expenditure, will eventually be passed onto consumers, making food prices higher for longer, food companies, economists and lobby groups told Reuters. It comes at a time when South Africa is already struggling with acute unemployment, 14-year high interest rates and ballooning inflation and complicates efforts of the South African Reserve Bank (SARB) to ease interest rate hikes. Poultry producer Astral (ARLJ.J), diversified food producers AVI (AVIJ.J) and RCL Foods (RCLJ.J) have indicated in their recent earnings statements the mitigating measures would eventually translate into higher food prices. The listed food producers have collectively lost almost 15% in their market value since the beginning of the year.

Persons: James Oatway, Derek McKernan, Kobus, Pieter Taljaard, Thomas Funke, Charles Rossouw, Rosle, Cloete, Gertenbach, Tannur Anders, Anait, Promit Mukherjee, David Evans Organizations: Tiger Brands, REUTERS, Reuters, South African Reserve Bank, Reuters Graphics, Premier, RCL, Grain SA, Cane Growers ' Association, Food, Agricultural, Thomson Locations: Germiston, South Africa, JOHANNESBURG, Africa

"The tankan confirmed our view that Japan's economy is on track for a moderate recovery," said Atsushi Takeda, chief economist at Itochu Economic Research Institute. "While input prices have declined, output prices continue to rise in a sign companies are being able to pass on costs. Big manufacturers expect business conditions to improve three months ahead, while non-manufacturers project a deterioration on worries over high costs, the tankan showed. The tankan showed corporate inflation expectations moderate in June from three months ago, but remaining above the BOJ's target five years down the road. Companies expect inflation to hit 2.6% a year from now, down from a 2.8% projection made in March, and 2.2% in three years, also lower than 2.3% in March.

Persons: Atsushi Takeda, Kazuo Ueda, Leika Kihara, Shri Navaratnam Organizations: Big, Bank of Japan's, Itochu Economic Research Institute, Nikkei, Companies, Thomson Locations: TOKYO

☆ Japan business sentiment improves in second quarter, Bank of Japan's tankan survey shows
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: +1 min

Tokyo Skytree (R) and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Japanese business sentiment improved in the second quarter as raw material costs peaked and the removal of pandemic curbs lifted factory output and consumption, a central bank survey showed, a sign the economy was on course for a steady recovery. Companies expect to increase capital expenditure and project inflation to stay above the Bank of Japan's 2% target five years ahead, the quarterly "tankan" showed, offering policymakers hope that conditions for phasing out their massive monetary stimulus may be gradually falling into place. Strong capital expenditure also led to brighter sentiment among machinery makers," said Atsushi Takeda, chief economist at Itochu Economic Research Institute. "The tankan confirmed our view that Japan's economy is on track for a moderate recovery."

Persons: Atsushi Takeda Organizations: Mount, Bank of Japan's, Itochu Economic Research Institute Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture

☆ 2-year Treasury yield climbs as investors assess interest rate and economic outlook
▼ + stars: | 2023-07-03 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by around 2 basis points at 3.847%. The 2-year Treasury yield traded over 6 basis points higher at 4.944%. Treasury yields rose Monday in a shortened trading day, as investors considered the outlook for the U.S. economy and the Federal Reserve's next monetary policy moves. Investors are awaiting a number of economic data points this week, including ISM's manufacturing purchasing managers' index for June on Monday. The Fed is widely expected to hike interest rates at its next meeting later this month.

Persons: Jerome Powell, Powell, Dow Jones Organizations: Treasury, Federal, Independence Locations: U.S

June 30 (Reuters) - Apple Inc's (AAPL.O) stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Shares of the world's most valuable company jumped 2.3% to $193.97, giving it a market capitalization of $3.05 trillion, Refinitiv data showed. Reuters Graphics Reuters GraphicsThe Cupertino, California company's market capitalization briefly peaked above $3 trillion in intraday trading on Jan. 3, 2022 before closing the session just below that mark. Apple's $3 trillion milestone follows the June 5 launch of a pricey augmented-reality headset, its riskiest bet since the introduction of the iPhone more than a decade ago. Four other U.S. companies have valuations of more than $1 trillion - Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O), Nvidia and Microsoft Corp (MSFT.O), which follows Apple with a market value of $2.5 trillion.

Persons: Hogan, Riley, Tiyashi Datta, Noel Randewich, Anil D'Silva, Richard Chang Organizations: Apple, Reuters Graphics Reuters, Nvidia Corp, Tesla Inc, Commerce Department, Amazon.com Inc, Nvidia, Microsoft Corp, Tesla, Inc, Thomson Locations: Cupertino , California, Apple's, Bengaluru, Oakland, Calif

Search resuls for: "Expenditure"

25 mentions found