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Persons: I've, Ally, There's, you'll Locations: Michigan
With the death Friday of Vietnam’s long-serving Communist Party general secretary, Nguyen Phu Trong, the country’s top leadership role has been left at least temporarily to President To Lam, who is best known for implementing a sweeping anticorruption drive. Mr. Lam, 67, was named Thursday to take over the general secretary’s duties at the Politburo, the Party Central Committee and the Secretariat for an unspecified period. He will also continue as president, a largely ceremonial post for which he was chosen just two months ago. Whether he will retain the duties of general secretary on a more permanent basis depends on the Politburo, which is expected to decide whether to confirm his new role. “This has probably set the stage for To Lam to become the next general secretary,” said Nguyen Khac Giang, a visiting fellow at the ISEAS-Yusof Ishak Institute, a research organization in Singapore.
Persons: Nguyen Phu Trong, Lam, , Nguyen Khac Giang, won’t Organizations: Communist Party, Party Central Committee, Secretariat, Yusof, Institute Locations: Singapore
Nguyen Phu Trong, the hard-line general secretary of Vietnam’s Communist Party who presided over his country’s economic and geopolitical transformation, and reshaped its leadership with his “blazing furnace” anticorruption campaign, died on Friday at a hospital in Hanoi. His death was announced by the official Nhan Dan newspaper, which said that Mr. Trong had died of “old age” and an unspecified serious illness. Speculation had swirled in January about Mr. Trong’s health after he skipped meetings with several foreign leaders. For 12 years, Mr. Trong sat at the apex of power in Vietnam’s Communist hierarchy. He consolidated power in one of the world’s few remaining Communist dictatorships, significantly weakening the collective form of leadership that previously characterized the country’s Communist Party.
Persons: Phu Trong, Trong, Lam Organizations: Communist Party, Nhan Dan, Mr, Communist Locations: Hanoi
Vietnam Communist Party chief Trong dies at 80, state media says
  + stars: | 2024-07-19 | by ( ) www.cnbc.com   time to read: 1 min
Vietnamese Communist Party General Secretary Nguyen Phu Trong looks on as he is received by Russian President Vladimir Putin during talks with on September 6, 2018 in Sochi, Russia. Vietnam's Communist Party chief Nguyen Phu Trong has died, state media said on Friday, after holding the country's most powerful position for more than a decade. State media, citing information from Trong's medical team, said he died early afternoon on Friday "after a period of illness". Vietnam's President To Lam took over Trong's duties on Thursday when the party announced Trong needed to focus on medical treatment.
Persons: Nguyen Phu Trong, Vladimir Putin, Lam, Trong Organizations: Communist Party General, Vietnam's Communist Party Locations: Sochi, Russia
Reuters —Vietnam’s President To Lam has taken over the duties of Communist Party chief Nguyen Phu Trong who is focusing on an unspecified treatment for his health, the party said on Thursday. The party’s powerful Politburo has tasked him with presiding over “the work of the Party Central Committee, the Politburo and the Secretariat,” according to a statement from the party’s central office. Though Vietnam officially has no paramount ruler, the party chief holds the most powerful position in the Communist-ruled nation. Vietnam's Communist Party General Secretary Nguyen Phu Trong at the Communist Party of Vietnam Headquarters in Hanoi, Vietnam on September 10, 2023. In a surprise move, the Politburo awarded Trong on Thursday with the Gold Star medal, the country’s highest honor for public officials.
Persons: Reuters —, Lam, Nguyen Phu Trong, Trong, Evelyn Hockstein, , Lam’s, Organizations: Reuters, Communist Party, Party Central Committee, Vietnam's Communist Party General, Communist Party of, Marxist, Gold Locations: Vietnam, Communist, Communist Party of Vietnam, Hanoi , Vietnam, China, Hanoi, Western
MicroStrategy is the latest company to announce a 10-for-1 stock split as its shares hit $1,340. AdvertisementIt's been a big year for stock splits. According to Bank of America, stock splits can be rocket fuel for prices. Shares of Chipotle have dropped 12% since its shares split 50-for-1 in late June. It represented one of the largest stock splits in the history of the New York Stock Exchange.
Persons: MicroStrategy, , It's, managements, Steve Sosnick, Eli Lilly, Sosnick Organizations: Service, Nvidia, Walmart, Broadcom, Chipotle, Sony, Lam Research, Texas Pacific, Interactive Brokers, Business, KLA Corp, Netflix, Intuit, Adobe, Bank of America, New York Stock Exchange Locations: Williams, Sonoma, Cintas
Both executives made their sales under 10b5-1 trading plans. Trades were made under a 10b5-1 trading plan adopted in March and are part of ongoing sales. Trades were made under a 10b5-1 trading plan adopted in February. Trades were made under a 10b5-1 trading plan enacted last September. Trades were made under a 10b5-1 trading plan dating from last August.
Persons: VerityData, Jensen Huang, Timothy Archer, Shantanu Narayen, Kenneth Miller, Verity, James Brock, David Lougee, Lougee, , Nick Wells Organizations: Nvidia, Lam Research, Adobe, Juniper Networks, Consol Energy
Read previewLaw enforcement is investigating the death of a retired major general whose body was found Saturday at Marine Corps Air Ground Combat Center Twentynine Palms , California, officials confirmed to Military.com. AdvertisementUS Marine Corps Maj. Gen. William F. Mullen III speaks with staff members during a visit at Camp Johnson. US Marine Corps photo released/by Sgt James A. GuilloryWhen asked, NCIS did not disclose the manner of Mullen's death. US Marine Corps Maj. Gen. William F. Mullen III delivers a speech during a ground breaking ceremony held at the Marine Corps Air Ground Combat Center. Twentynine Palms is the largest Marine Corps base in the world, according to the installation's website.
Persons: , Military.com, William Mullen, Darwin Lam, William F, Mullen, Sgt James A, Lam, Gloria Huerta, Lance Cpl, Rachel K, Porter, Maj, Mullen's, Thomas Savage Organizations: Service, Marine Corps, Business, Naval, Navy, USMC, Camp Johnson, US Marine Corps, San, San Bernardino County Sheriff's Department, Twentynine Palms, Marine, Training, Education Command, Combat, Force Training Command, Los Angeles Times Locations: Palms , California, Iraq, San Bernardino County, Camp, United States, Military.com
Artificial Intelligence plays Top AI plays were among the list of expensive stocks in the S & P 500, including Broadcom , Lam Research , Intel and Super Micro Computer . Each stock's price-earnings ratio equates to a roughly 60% to 66% premium over the historical average. SMCI YTD mountain Super Micro Computer stock. Super Micro Computer, meanwhile, has continued to ride the AI wave despite some weakness last month after third-quarter revenue missed analyst expectations. The stock's trailing 12-month price-earnings ratio is also more than double its five-year average, at a 63% premium.
Persons: Elon Musk, Daron Acemoglu, Goldman Sachs, Eli Lilly Eli Lilly, Eli Lilly, Biogen's Leqembi Organizations: CNBC Pro, Nvidia, CNBC, Stock, Artificial Intelligence, Broadcom, Lam Research, Intel, Micro, Super Micro Computer, Computer, Wall, Bank of America, Micro Computer, Dell, Massachusetts Institute of Technology, U.S . Food, Drug Administration Locations: U.S
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Beijing has long touted its ambitions for increasing global use of the Chinese yuan — also known as the "renminbi" or "RMB" — in an international financial market where the U.S. dollar is the dominant currency. watch nowLast year, the HKEX announced a "Dual-Counter" program that allows investors to trade Hong Kong-listed securities in Hong Kong dollars or Chinese yuan. The euro was slightly higher at 5.6%, while the U.S. dollar dominated with a nearly 85% share, the data showed. A maturing financial marketDeveloping more Chinese yuan-denominated investment products also requires a maturation of the local financial sector.
Persons: China’s renminbi, Athit Perawongmetha, Bonnie Chan, Chan, We're, SWIFT, Fred Hu, Hu, it's, Patience, Kenny Lam Organizations: Reuters, Hong Kong Exchanges, U.S ., International Monetary Fund, U.S, Primavera Capital, Sigma Asia Locations: U.S, Bangkok, Thailand, Reuters DALIAN, China, Beijing, Russia, Dalian, Hong Kong, Shanghai, Pacific
Not all stocks can rally to new heights in the current bull market. The current bull market rally has seen all three major averages notching record high closings. But even with the prospects for the overall stock market looking rosy, some tickers stand out in a negative way. The stock has climbed 34% this year, jumping earlier this month after Lam Research unveiled a $10 billion share buyback plan and 10-for-1 stock split. Semiconductor stocks KLA , Qualcomm and Texas Instruments were the other names on the list that could soon see a pullback.
Persons: Lam, , Fred Imbert Organizations: Nvidia, Dow Jones Industrial, Nasdaq, CNBC Pro, Lam Research, Semiconductor, Qualcomm, Texas Instruments Locations: LSEG
However, I was raised in a household where it was deeply ingrained that we were to be generous and help others at all costs. While I do want to help my family, this messaging isn't conducive to tucking funds away for Future Me and putting my own financial needs and goals top of mind. By taking care of your financial needs, you'll be in a much better place to care for your loved ones. Depending on your situation, you not only need to know your wants and needs, but you also might need to know your family's wants and needs. If you want help with your financial situation and juggling your needs and your family's needs, consider working with a financial advisor.
Persons: I've, churchgoers, Thao Truong, Truong, you'll, I'm Organizations: Service, Business, Morton Wealth, Budget, Foundation, Financial Locations: Los Angeles, Vietnam
Russia and Vietnam pledged on June 20, 2024 to deepen ties as President Vladimir Putin made a state visit aimed at bolstering his alliances to counter Moscow's growing isolation over the war in Ukraine. Putin and President To Lam agreed to further cooperate in education, science and technology, oil and gas exploration and clean energy. The two countries also agreed to work on a roadmap for a nuclear science and technology center in Vietnam. In Hanoi, Putin also met Vietnam’s most powerful politician, Communist Party General Secretary Nguyen Phu Trong, and Prime Minister Pham Minh Chinh, according to the official Vietnam News Agency. Putin drove to Vietnam’s Presidential Palace on Thursday afternoon, where he was greeted by school children waving Russian and Vietnamese flags.
Persons: Vladimir Putin, Lam, Gavriil Grigorov, Putin, ” Lam, , Kim Jong, Nigel Gould, Davies, , Nguyen Khac Giang, Giang, Nguyen Phu Trong, Pham Minh Chinh, Putin’s, Ridzwan Rahmat, Janes, ” Rahmat, Prashanth, Wilson, Vladimir Lenin, Trong, Nhan Dan, Joe Biden, Xi Jinping, Gould, they’ve, he’s, Parameswaran Organizations: Sputnik, Hanoi Opera, Afp, Getty, North, International Institute for Strategic Studies, Singapore’s, Yusof, Institute, Communist Party General, Vietnam News Agency, Criminal, Kremlin, U.S, Embassy, Security, NATO, Asia, Communist Party’s, Vietnam’s Communist Party Locations: Russian, Hanoi, Russia, Vietnam, Ukraine, Moscow, Asia, Pacific, Eurasia, London, British, Belarus, China, North Korea, U.S, Hague, Korea, Singapore, Soviet Union, Soviet, trickier, Washington
Considered a pariah by the West, Putin is looking to boost economic ties with friendly countries and show that Western isolation is not having an impact. Vietnam was among several Southeast Asian countries that abstained from joining a global summit on Ukraine in Switzerland last week. Last week, Vietnam sent a delegation led by its Deputy Minister of Foreign Affairs to attend the BRICS Foreign Ministers’ Summit in Russia. Analysts say Russia is likely to get more out of the visit than Vietnam, and Hanoi may even suffer reputational damage by hosting Putin following his trip to North Korea. “If no substantive deals are made, the visit will mainly be symbolic and a means for Putin and Russia to show the world that Western sanctions against Russia are not working,” said Le.
Persons: Vladimir Putin, Kim Jong, Putin, Nguyen Phu Trong, Lam, Minh, Yury Ushakov, Xi Jinping, Joe Biden, , Le Hong Hiep, – Yusof, Le, ” Putin, Xi, , John Kirby, Anwar Ibrahim Organizations: CNN, West, US, Reuters, Communist Party General, Vietnam’s, Vietnam News Agency, ” TASS, TASS, , Vietnam Studies, International Criminal Court, ICC, United Arab, Foreign Ministry, Foreign Affairs, ’ Summit, Analysts, Putin Locations: Hanoi, North Korea, Ukraine, Vietnam, Moscow, United States, China, Russia, Pyongyang, Russian, Soviet, India, US, South China, Switzerland, Beijing, Kazan, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Egypt, Malaysia, BRICS,
This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.
Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, , Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, , Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance
Stock splits, long out of favor, are making a comeback. Notable stock splits in 2024(when distributed)Walmart 3-1 2/23/24Cooper Companies 4-1 2/16/24Texas Pacific Land 3-1 3/27/24Old Dominion Freight Line 2-1 3/27/24Nvidia 10-1 6/7/24Amphenol 2-1 6/11/24Chipotle Mexican Grill 50-1 6/25/24Broadcom 10-1 7/12/24Williams-Sonoma 2-1 7/8/24Cintas 4-1 9/11/24Sony Group 5-1 10/8/24Lam Research 10-1 10/3/24Why the comeback in stock splits? Stock splits are far less common now than 20 or 30 years ago. During the tech and internet bubble of the late 1990s, stock splits were common. By the mid-2000s, roughly 5% of the Russell 1000 members split their stock each year, and after the great financial crisis from 2008-2009, stock splits practically ceased.
Persons: Williams, David Kostin, Goldman Sachs, Russell, Chipotle Organizations: New York Stock Exchange, Stock, Walmart, Sonoma, Broadcom, Cooper, Pacific, Dominion Freight, Sony, Institutional, Nvidia, Risk, Financial Management, Lam Research, Booking Holdings, Costco, Micro, Spotify Locations: Williams, Sonoma
We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. And it's a good thing that Broadcom wants to make its stock more accessible to investors and employees. Broadcom said the spending run rate at VMware was $1.6 billion in the quarter, down from $2.3 billion per quarter pre-acquisition. Outlook Following the strong first half of its fiscal year 2024, Broadcom raised both its revenue and adjusted EBITDA outlook. The positively revised update is above FactSet estimates of $50.58 billion in revenue and $30 billion of adjusted EBITDA.
Persons: Hock Tan, we've, Tan, Jim Cramer's, Jim Cramer, Jim, Broadcom Lucas Jackson Organizations: Broadcom, VMware, Revenue, Club, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Lam, Chipotle, Walmart, Apple, Infrastructure Software, CNBC Locations: Hock
This article is part of "My Financial Life," a series helping people live and spend better. This as-told-to essay is based on a conversation with Prisca Benson, a 34-year-old writer for the blog Our Green Life. Last year my husband's work slowed down; he basically worked the equivalent of about five or six months out of the year. It's a testament to intentional spending in the long term. Because this could be literally devastating — if you were living paycheck to paycheck, a loss of 25%, 30%, 40% of your income would decimate you.
Persons: Prisca Benson, Benson, , it's, I'm, hasn't, It's, We're Organizations: Service, Costco, Tropicana, Google Locations: Bali , New Orleans, Atlanta, Italy
Tu Lam, a former Special Forces soldier, rates the fighting techniques Keanu Reeves uses in the "John Wick" movies. He talks about judo and jujitsu, sniper techniques, and the ways public missions are handled in "John Wick" (2014), with Alfie Allen, Willem Dafoe, and John Leguizamo. He explains how suppressors work, the best ways to handle a knife, and how to turn anything in a room into a weapon, as seen in "John Wick: Chapter 2" (2017), with Common, Ruby Rose, and Laurence Fishburne. He compares his own experiences with urban shootouts, working with military dogs, and fighting on a motorcycle to "John Wick: Chapter 3 — Parabellum" (2019), with Halle Berry, Ian McShane, and Anjelica Huston. Finally, he breaks down defensive driving, clearing a room, and fighting on stairs in "John Wick: Chapter 4" (2023), with Bill Skarsgård and Donnie Yen.
Persons: Lam, Keanu Reeves, John Wick, Alfie Allen, Willem Dafoe, John Leguizamo, Ruby Rose, Laurence Fishburne, Halle Berry, Ian McShane, Anjelica Huston, Bill Skarsgård, Donnie Yen Organizations: Special Forces, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCathay Pacific CEO: Hong Kong-to-Riyadh route to start in OctoberRoland Lam, Cathay Pacific Group CEO, says "the development in Saudi Arabia has been amazing in the past few years and it's also one of the … Belt and Road destinations."
Persons: Roland Lam, it's Organizations: Cathay Pacific, Cathay Pacific Group Locations: Hong Kong, Riyadh, Saudi Arabia
HONG KONG — A Hong Kong court on Thursday found 14 of 16 pro-democracy activists guilty of conspiring to subvert the state in the Chinese territory's single largest case under a sweeping national security law imposed by Beijing. Of those, 31 pleaded guilty in the hopes of a reduced sentence, while the remaining 16 pleaded not guilty. Hong Kong had had a 100% conviction rate in national security cases, which are prosecuted under rules that diverge from the city's legal norms, including presumption against bail. Almost 300 people have been arrested under the national security law, which came into force in the summer of 2020. The charges stem from an informal primary election held in July 2020 in which more than 600,000 voters selected pro-democracy candidates for a legislative election that was scheduled for that September.
Persons: Lau, Lee Yue, Critics, Eric Yan, Lai, Benny Tai, Claudia Mo, Joshua Wong, Leung Kwok, Raymond Chan, Gwyneth Ho, Hong Kong, Carrie Lam Organizations: Hong, Georgetown Center, Asian Locations: HONG KONG, Hong Kong, Beijing, Hong
Jim Cramer explains why stock splits can bring gains
  + stars: | 2024-05-28 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Using Nvidia 's announcement last week of its 10-for-1 stock split as an example, CNBC's Jim Cramer explained why such moves can give companies a boost. "In theory, stock splits, they shouldn't matter at all," he said. "But if you just look at the stock splits that've been announced … they clearly don't hurt." Cramer explained that companies usually split stock to make shares with "terrifying price tags" more available to regular investors. While Cramer stressed that stock spits don't guarantee gains, he said a company's shares often do rise after such an announcement.
Persons: CNBC's Jim Cramer, , Cramer Organizations: Nvidia, Walmart, Lam Research Locations: Chipotle
What Nvidia's stock split means for retail investors
  + stars: | 2024-05-23 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Nvidia's upcoming stock split could propel the chipmaker higher over the short run and boost already enthusiastic investor sentiment, according to Wall Street. Nvidia's results prompted many Wall Street firms to boost their price targets on the stock as demand continues. While a split may improve accessibility by lowering the share price, it doesn't alter the value or fundamentals of the business. Citi's Atif Malik called the split a "positive surprise," while Susquehanna's Christopher Rolland said it "invigorates the retail crowd." "The 10:1 stock split likely adds short-term momentum to this AI bellwether," said Needham's Quinn Bolton.
Persons: Baruah, Citi's Atif Malik, Susquehanna's Christopher Rolland, Needham's Quinn Bolton Organizations: Semiconductor, Walmart, Lam Research, Nvidia
CFP Daniel Masuda Lehrman says the two biggest contributors to poverty are housing and cars. I spoke with certified financial planner Daniel Masuda Lehrman founder of Masuda Lehrman Wealth, a Honolulu, Hawaii-based financial planning firm, on how Asians living in poverty can handle several money challenges at once. That's because housing is usually the biggest expense in your budget, says Masuda Lehrman, who specializes in multigenerational wealth. If you have credit card debt, see what hardship options the card issuer offers. Consider a credit card balance transferCredit card debt is expensive.
Persons: Daniel Masuda Lehrman, Masuda, Masuda Lehrman, there's, , doesn't Organizations: Pacific Islander Heritage, Pew Research Locations: American, America, U.S, Honolulu , Hawaii
Lowe's : Shares fell more than 2% despite the home-improvement retailer's first-quarter sales and earnings topping Wall Street expectations. Macy's : The retailer delivered better-than-expected quarterly earnings, with CEO Tony Spring telling investors its turnaround of its namesake department-store chain is in the "early innings." Macy's has got Tony Spring. Toast : Shares fell 3% after Baird downgraded the stock to neutral, saying the risk/reward is more balanced after its big run up in recent months. "I just feel badly for Zoom," Cramer said.
Persons: Jim Cramer's, Jim Cramer, Tony Spring, Macy's, , Cramer, Lam, Baird Organizations: CNBC, Club, Lam Research Locations: Bloomingdale's
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