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Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.
Persons: LVMH's Arnault, Chanel, , stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP
The 38-year-old now hopes to take the lessons of this week’s victory into next year’s surprise appointment at the helm for the 45th Ryder Cup in New York. “The last time I played in one of these, I was the clinching point for the Europeans in the Ryder Cup. Bradley celebrates with his wife after clinching victory for Team USA. ‘Feisty’Kim was at the center of the drama again Saturday after he accused the American team of swearing at him. “I have a lot of respect for everyone on that team, but the Koreans definitely bring the heat, no doubt.”
Persons: Keegan Bradley, Xander Schauffele, Jason Day, Jim Furyk’s, Russell Henley, Patrick Cantlay, Sam Burns, Scottie Scheffler’s, Hideki Matsuyama, Bradley, Kim Si, , ” Bradley, Tabitha, I’ve, , Vaughn Ridley, Mike Weir’s, Tom Kim, Kim, Scheffler shrugged, we’re, ” Kim, Kevin Kisner, ” Kisner, Paul McGinley, it’s, ’ Kim, Wyndham Clark, Cantlay, Steph Curry’s, birdied, ” Tom Kim, Furyk, Jared C, Tilton, Schauffele, ” “, I’m, Burns, Kim –, , , ” Schauffele, Im, jae, Ben An, “ Tom, “ It’s, It’s Organizations: CNN, Ryder, Keegan, International Team, Royal Montreal Golf Club, Europe, Team USA, Team, PGA, Scheffler, Minas Panagiotakis, USA, Sky Sports, American, NBA, US, Getty Locations: Canada, New York
Israel's Prime Minister Benjamin Netanyahu defiantly faced an international community from which he has become deeply isolated amid international condemnation of Israel's war in the Gaza Strip and the military's fresh escalations in Lebanon. As the General Assembly president called the room to order, groups of diplomats stood up and walked out of the room, leaving a sparse audience on the delegate floor. More than 40,000 people have been killed in Gaza in Israel's ensuing war with Hamas. Earlier this month, the General Assembly passed a historic, if symbolic, resolution with an overwhelming majority, demanding that Israel withdraw from the Palestinian territories within a year. The resolutions, like all General Assembly resolutions, are nonbinding and were resoundingly ignored by Israel.
Persons: Benjamin Netanyahu, Netanyahu, ” Yokonan Landau, , , Israel, Francesca Albanese, António Guterres, Guterres, Netanyahu — Organizations: Israel's, United Nations, Assembly, General, General Assembly, Israel, Hamas, Court of Justice, West Bank, Human Rights, UNRWA Locations: Gaza, Lebanon, New York, Iran, Israel, Midtown Manhattan, Nations, Israel's, U.S, France, Syria, Rafah
The best-performing Club stocks during the topsy-turvy third quarter are all outside the "Magnificent Seven" and AI-winner complexes. Starbucks: 25.2% New CEO Brian Niccol is the reason why Starbucks' stock is on the list. Best Buy: 18.6% The electronics retailer is another rate-cut winner: More people moving means more purchases of appliances and TVs. In fact, the reasons to own Best Buy are underappreciated by investors, JPMorgan analysts said in a note to clients Friday. Like Stanley Black & Decker and Best Buy, Home Depot is a beneficiary of increased housing sector activity.
Persons: , Stanley Black, Decker, Brian Niccol, Eli Lilly, Lilly, there's, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Reserve, Starbucks, Deutsche Bank, GE Healthcare, Novo Nordisk, Abbott Laboratories, Abbott Labs, GE, JPMorgan, CNBC, The New York Stock Exchange, NYSE Global Locations: U.S, China
For the study, released jointly by Chinese American civic engagement nonprofit Committee of 100 and NORC at the University of Chicago, researchers sampled 504 Chinese Americans in March. But the Biden-Harris administration published a memorandum in 2021 condemning the use of racist rhetoric toward Asian Americans. About two-thirds of respondents said they felt that the rhetoric used by U.S. media when reporting on the issue negatively affects how strangers treat them. Land restrictions, like in Florida, that limit Chinese citizens from buying property, could be affecting the Chinese community as well. “Regardless of the intention of these tough-on-China policies, there are unintended consequences on the treatment of Chinese Americans.”
Persons: , Nathan Chan, Steven Cheung, Donald Trump’s, Kamala Harris, Harris, ” Chan, Trump, ” Trump, Chan, Ann Yoo, Yoo, ” Yoo Organizations: U.S, University of Chicago, Loyola Marymount University, Chinese Communist Party, Democratic, Biden, Federal Government, Pacific Islanders, Trump, China Initiative, Republicans, FBI, Justice Department, Republican, Asian American Federation Locations: China, New York City, Florida
An Idaho man has been charged with threatening to kill Donald Trump in phone calls made to the former president’s Mar-a-Lago resort in Florida, according to court documents. Warren Jones Crazybull, 64, of Sandpoint, made at least nine threatening phone calls to Trump’s home on July 31, according to a criminal complaint and affidavit that was first reported Monday by Forbes. Mar-a-Lago security told the Secret Service that eight additional phone calls making threats were received from the same number, the court documents said. "There have been two heinous assassination attempts on President Trump, and their violent rhetoric are directly to blame." The Secret Service determined his location using T-Mobile phone data, which located him in Montana, according to the filing.
Persons: Donald Trump, Warren Jones Crazybull, Warren Jones, Crazybull, Jeffrey Epstein, John John Kennedy Jr, Trump, Steven Cheung, Kamala Harris, “ Kamala Harris, Cheung, Harris, ” Cheung, , , Ryan Wesley Routh — Organizations: Forbes . Mar, , Trump, Golf Club, Service, Facebook, Democrats, Secret Service Locations: Idaho, Lago, Florida, Sandpoint, Bedminster, Bedminster , New Jersey, West Palm, , Montana, Butler , Pennsylvania, West Palm Beach , Florida
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
TOKYO — A 10-year-old student at a Japanese school in China died Thursday after being stabbed on the way to school the day before, Japanese officials said, as they demanded that Beijing do more to protect Japanese nationals in the country. Lin said the boy was a Japanese national whose parents are Japanese and Chinese citizens. “Effective measures will continue to be taken to ensure the safety of foreigners in China, including people from Japan,” he said. According to the Chinese Foreign Ministry, the student was stabbed on Wednesday about 220 yards away from the Shenzhen Japanese School in the southern Chinese city of Shenzhen. Flags at Japanese diplomatic missions in mainland China and Hong Kong were lowered on Thursday.
Persons: Fumio Kishida, Kishida, , , Philip Fong, Lin Jian, Lin, Yoko Kamikawa, Kamikawa, ” Arata Yamamoto, Rae Wang Organizations: Washington, Foreign Ministry, Chinese Foreign Ministry, Shenzhen Japanese School, Foreign Affairs, Embassy, Weibo Locations: TOKYO, China, Beijing, Japan, U.S, Japanese, Shenzhen, Mukden, Shenyang, Manchuria, Suzhou, Tokyo, Guangzhou, Hong Kong, Asia, Pacific, Chinese, Jilin
Related storiesFranchetti referenced that assessment again in her speech, saying that it's "what Chairman Xi told his forces, that they should be ready for war by 2027." Fears of a US-China war have further been stoked by Beijing turning more hostile in its territorial disputes with Japan and US allies in the South China Sea. "By 2027, the Navy will be more ready for sustained combat," she said. The admiral aims to have 80% of US naval forces ready to deploy and fight anytime. "We have learned a great deal about the future of war at sea," Franchetti said.
Persons: , Lisa Franchetti, Franchetti, Xi Jinping, Xi, Joe Biden, It's, Yemen's Houthi, we've Organizations: Service, US Navy, Business, Naval War College, Democratic Progressive Party, Navy, Star, Pacific Fleet, Russia, Associated Press, 6th, Joint Chiefs, Staff Locations: China, Beijing, Taiwan, Rhode Island, People's Republic of China, Japan, South China, Russia, Iran, Republic of China, Washington, Ukraine
Economists were expecting a net gain of 160,000 jobs and for the unemployment rate to fall to 4.2%, according to FactSet consensus estimates. With inflation pretty much tamed and moderating as expected, the Federal Reserve has turned its focus to the labor market (the other part of its dual mandate). Job growth has been slowing, but there were indications that the labor market was weakening under the weight of 23-year-high interest rates. A ‘place of stability’July’s shockingly weak jobs report stoked fears that the jobs market was collapsing, potentially taking the economy into a downturn. And while a rate cut is coming, the jury is still out on the exact size of that move.
Persons: ” Eugenio Alemán, Raymond James, August’s, We’re, Rachel Sederberg, , Becky Frankiewicz, , , Kory Kantenga, , ” Kantenga, Michelle Holder, haven’t Organizations: CNN, Employers, Bureau of Labor Statistics, Federal Reserve, Fed, ManpowerGroup, Retail, Americas, LinkedIn, John Jay College, City University of New Locations: ManpowerGroup North America, Michigan, City University of New York
(Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan | Getty ImagesCryptocurrency exchange Coinbase just wrapped up its worst week of the year. According to CoinGlass, September is historically a difficult trading month for crypto assets, with bitcoin notching an average loss of 4.8%. The Crypto Fear & Greed Index, a gauge of crypto market sentiment, is firmly in the "Extreme Fear" zone, indicating that investors are worried about price moves. On Friday, the Bureau of Labor Statistics reported a cooldown in the labor market with August payrolls falling short of expectations. Crypto equities hit hardestWhile it was a rough week for risky assets of all sorts, investors over-indexed in crypto stocks had it particularly bad.
Persons: Justin Sullivan, Schwab, CoinGlass, Bitcoin, payrolls, Leena ElDeeb, MicroStrategy, Michael Saylor, CleanSpark, Jerome Powell, Donald Trump, Trump, Gary Gensler Organizations: Securities, Exchange, Securities and Exchange Commission, Marathon, Nasdaq, bitcoin, Labor, of Labor Statistics, SEC, JPMorgan Chase, Federal Reserve, August's, U.S, Republican Locations: CALIFORNIA, San Anselmo , California, Bitcoin, U.S, MicroStrategy, Coinbase, Nashville
Elon Musk, who promoted the interview on his social media platform, X, calling it “Very interesting. “Hitler was one of the most evil figures in human history and the ‘chief villain’ of World War II, full stop,” Bates wrote. Several conservative columnists have raised questions about whether Vance will move forward with the appearance in light of the Cooper controversy. In a statement, the Vance campaign sought to distance the candidate from the interview. “Senator Vance doesn’t believe in guilt-by-association cancel culture but he obviously does not share the views of the guest interviewed by Tucker Carlson,” Vance campaign spokesperson William Martin told CNN in a statement.
Persons: Biden, Tucker Carlson, Darryl Cooper, ” Cooper, Winston Churchill, Cooper, , Carlson, Elon Musk, , Andrew Bates, Adolf Hitler, Churchill, “ Hitler, , ” Bates, “ The, Harris, ” Jonathan Greenblatt, Carlson’s, ’ ”, vlogger, Alex Jones, Donald Trump’s, JD Vance, Vance, Vance doesn’t, ” Vance, William Martin, CNN’s Alayna Treene Organizations: New, New York CNN, Nazi, CNN, “ The Biden, Harris Administration, Defamation League, Fox News, Republican Party Locations: New York, United States, British, Poland, Milwaukee, Hershey , Pennsylvania
Trump Media ended the trading day at $16.98 per share, a 6% decline on the day. Trump Media shares on Wednesday closed below where they stood at the end of 2023, as the Truth Social maker's stock continued to slide ahead of the date when majority owner Donald Trump can begin selling his stake . The stock price has ricocheted since then, as traders and analysts increasingly viewed Trump Media as a meme stock and as its value rose and fell with the political fortunes of the Republican presidential nominee. A Trump Media spokesperson told CNBC in a statement, "Trump Media is rapidly building out our platform while maintaining a strong balance sheet." That upcoming deadline has stoked speculation about whether Trump will try to cash out his shares or hold on to his stake.
Persons: Donald Trump, Trump Organizations: Nasdaq, Trump, Trump Media, Republican, CNBC, Truth Social, Forbes
Much of the initial enthusiasm surrounding bitcoin ETFs has dissipated in the last few months, following a blockbuster debut that broke records for the ETF market. Spot bitcoin funds now hold a total of around $52.6 billion in assets under management, $10 billion off their peak. As of the end of the second quarter, Wall Street banks and hedge funds were buyers of bitcoin ETFs. Goldman Sachs made its debut in the crypto ETF market in the period, purchasing $418 million worth of bitcoin funds. Of the investment bank's $1.5 trillion in assets under management, it held $189 million worth of spot bitcoin ETFs, down from roughly $270 million in the prior period.
Persons: Ark 21Shares, Bitcoin, Wainwright, Goldman Sachs, Morgan Stanley Organizations: outflows, Investors, SEC, Fidelity, JPMorgan Locations: U.S, Wall
Jonathan Nackstrand | Afp | Getty ImagesFinland is on the cusp of burying spent nuclear fuel in the world's first geological tomb, where it will be stored for 100,000 years. The pioneering project has been hailed as both a watershed moment for the long-term sustainability of nuclear energy and "a model for the entire world." Nuclear energy currently provides about 9% of the world's electricity, according to the World Nuclear Association. Finland is poised to bury spent nuclear fuel in the world's first geological tomb. KBS-3 is based on a multi-barrier principle, where several engineered barriers seek to ensure the long-term safety of the spent nuclear fuel.
Persons: Jonathan Nackstrand, Posiva, Gareth Law, University of Helsinki Tuohimaa, Tuohimaa, Kai Mykkänen Organizations: Afp, Getty, CNBC, videoconference, University of Helsinki, World Nuclear Association, Nordic, KBS, Swedish Nuclear, Waste Management Company, U.S Locations: ONKALO, Eurajoki, Finland, Finnish, Olkiluoto, Helsinki, Europe, Asia, Sweden
PHOENIX — Robert F. Kennedy Jr.'s campaign told a Pennsylvania court that he will be endorsing former President Donald Trump, ahead of his own Friday afternoon announcement putting to rest a tumultuous independent presidential campaign. The filing came shortly before Kennedy took the stage at an Arizona press conference where he announced the end his presidential campaign. The Kennedy campaign spent more than $8 million on campaign consulting from Accelevate 2020 LLC, a group that also does ballot-access work. Overall, the campaign effectively raised what it spent — it amassed $57.6 million and spent almost $54 million through July. Federal campaign finance records show Kennedy’s campaign spent more than $3 million on security services provided by Gavin de Becker, a prominent security consultant protecting celebrities who is also a Kennedy supporter and friend.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Trump, Kamala Harris, Biden's, Harris, Vladimir Putin, , they’d, , , Nicole Shanahan, Walz, ” Shanahan, Shanahan, I’m, Gavin de Becker, Katherine Koretski, Ben Kamisar Organizations: PHOENIX, Democratic Party, Trump, Democratic, Democrat, NBC News, Accelevate, Trump Republican Locations: Pennsylvania, United States, Arizona, Glendale, Trump, New, New York, Kamala, Phoenix, Washington ,
PHOENIX — Robert F. Kennedy Jr.'s campaign told a Pennsylvania court that he will be endorsing former President Donald Trump, ahead of his own Friday afternoon announcement putting to rest a tumultuous independent presidential campaign. The filing came shortly before Kennedy was set to take the stage at an Arizona press conference where he's expected to formally end his presidential campaign. Initially, Kennedy sought the Democratic presidential nomination, but he decided in October 2023 to run as an independent bid instead. The Kennedy campaign spent more than $8 million on campaign consulting from Accelevate 2020 LLC, a group that also does ballot-access work. Overall, the campaign effectively raised what it spent — it amassed $57.6 million and spent almost $54 million through July.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Trump, they'd, Nicole Shanahan, Kamala Harris, Walz, Shanahan, I'm, Gavin de Becker, Katherine Koretski, Ben Kamisar Organizations: PHOENIX, Democratic, Trump, Democrat, NBC News, Accelevate, Trump Republican Locations: Pennsylvania, United States, Arizona, New, New York, Kamala, Phoenix , Arizona, Washington ,
CNN —German authorities have issued an international arrest warrant for a Ukrainian man suspected of carrying out the explosions that damaged the Nord Stream gas pipeline two years ago. The explosions left gas billowing from Nord Stream 1 and 2 – two major conduits that transported Russian gas to Europe – and prompted a huge operation to find who was responsible. Neither of the pipelines were actively transporting gas to Europe at the time of the leaks, though they still held gas under pressure. During that voyage, the crew is reportedly suspected of diving into the Baltic Sea and attaching explosives to the massive Nord Stream pipelines, which subsequently detonated and damaged both lines, according to the outlets. The Nord Stream project had been controversial long before Russia invaded Ukraine.
Persons: Anna Adamiak, Volodymyr Z, Die Zeit Organizations: CNN, Public Prosecutors Office, Reuters, ARD, Die, Süddeutsche Zeitung, Federal Public, New York Times Locations: Nord, Europe, Poland, Germany, Ukrainian, Ukraine, Rostock, Denmark, Sweden, Baltic, Kyiv, Russia
The U.S. is sending a guided missile submarine to the Middle East and speeding the arrival of an aircraft carrier strike group, as Israel braces for retaliatory attacks from Iran and its proxies after the assassination of senior members of Hamas and Hezbollah. He further ordered the USS Abraham Lincoln Carrier Strike Group, which is equipped with F-35C fighter jets, to accelerate its ongoing transit to the area. The guided-missile submarine USS Georgia at sea in 2020. Both Iran and Hamas blamed Israel for the killing, and while Israel has remained quiet on the matter it is widely believed to have carried out the assassination. Iranians hold portraits of Hamas leader Ismail Haniyeh during his funeral procession, in Tehran, on August 1, 2024.
Persons: Lloyd Austin, Abraham Lincoln, Austin, Washington's, Yoav Gallant, Gallant, Ismail Haniyeh, Masoud Pezeshkian, Israel, Iran’s, Ayatollah Ali Khamenei, Yahya Sinwar, Fuad Shukr Organizations: Pentagon, Sunday, USS, Abraham Lincoln Carrier Strike, U.S . Navy, country's Revolutionary Guard, AFP, Getty, Hamas, Israel Defense Forces, NBC Locations: Israel, Iran, USS Georgia, Georgia, Tehran, Lebanese, Beirut, U.S, Gaza, Gaza City
Read previewLast Friday, Vice President Kamala Harris and her running mate, Minnesota Gov. AdvertisementTrump can't take Arizona for grantedBefore Biden won Arizona in 2020, it last voted for a Democratic presidential nominee in 1996. AdvertisementHowever, for Trump, a Harris win in Arizona would be a huge blow in his attempts to win a second term. Biden's 2020 victories in Arizona, Georgia, and Nevada — as well as his wins in Michigan, Pennsylvania, and Wisconsin — effectively cut off Trump's path to victory that year. Should Harris neutralize the border security issue — a feat that seemed unimaginable when Biden was still the presumptive nominee — it'll give her a major opening to win Arizona.
Persons: , Kamala Harris, Tim Walz, It's, Donald Trump, Joe Biden's, Harris, Trump, it's, Greg Abbott —, Biden, scrambles, Biden's, Democrat Mark Kelly, Katie Hobbs, Donald Trump's, Mario Tama, — it'll Organizations: Service, Minnesota Gov, Democratic, State, Business, Trump, Arizona, Republican, Texas GOP Gov, Biden, Republicans, Central America, Democrat, White House, GOP, Locations: Glendale , Arizona, Phoenix, Mexico, New York, Chicago, California, Central, Arizona, Nevada, Georgia, Arizona's, Arizona , Georgia, Michigan , Pennsylvania, Wisconsin
With cars being torched and mosques and hotels housing asylum seekers under attack, the riots that swept Britain over the past two weeks have posed the first direct challenge to the new prime minister, Keir Starmer. But even if the violence has subsided, for now, at least, the shocking scenes of disorder have underscored the scale of the task facing his government. That, analysts say, includes defusing tensions stoked successfully by far-right groups — over immigration and fraying public services — particularly in areas of Britain that have long been in economic decline. While opinion polls show the public clearly supports Mr. Starmer’s crackdown on violent protesters, “a lot of those people who see the rioters as thugs want immigration brought down,” said Steven Fielding, an emeritus professor of political history at the University of Nottingham.
Persons: Keir Starmer, Starmer’s, , Steven Fielding Organizations: University of Nottingham Locations: Britain
BARCELONA, SPAIN - AUGUST 08: Former Catalan President Carles Puigdemont makes his first public appearance since he fled Spain in 2017, speaking at a public rally in Barcelona, Spain on August 08, 2024. Catalan police had the order to arrest him immediately, but Puigdemont managed to speak for several minutes outside of the Catalan parliament. (Photo by Adria Puig/Anadolu via Getty Images)Former Catalan separatist leader Carles Puigdemont returned to Spain after seven years of self-imposed exile, defying a pending arrest warrant and igniting a police manhunt. A Catalan Interior Ministry spokesperson confirmed to Reuters that the separatist politician has yet to be captured. Illa's platform won the largest share of the vote in the Catalan elections of May, dethroning Puigdemont's hardline separatist Junts per Catalunya party.
Persons: Carles Puigdemont, Puigdemont, Adria Puig, Salvador Illa, dethroning, Ignacio Garriga —, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Bill Organizations: Anadolu, Getty Images, CNBC, Interior Ministry, Reuters, Spanish, Government, Socialist Locations: BARCELONA, SPAIN, Spain, Barcelona, Catalonia, Spanish, Catalan, Catalonian, Catalunya
Dollar gains after U.S. jobless claims fall more than expected
  + stars: | 2024-08-08 | by ( ) www.cnbc.com   time to read: +4 min
Japanese yen banknotes of various denominations are arranged in Kawasaki, Japan, on Friday, June 23, 2023. The dollar rose on Thursday after new U.S. labor market data showed that unemployment benefits fell more than expected last week, easing fears of an imminent recession. Initial jobless claims fell to a seasonally adjusted 233,000 for the week ended Aug. 3, the Labor Department said on Thursday, suggesting fears that the labor market is unraveling were overblown. The sharp moves in the yen pushed the dollar index, which measures the U.S. currency against six others, including the yen, to a weekly high, before backing off. The Australian dollar rose 1.12% to $0.659, while the New Zealand dollar was up 0.25% at $0.601.
Persons: Shinichi Uchida, Eugene Epstein, Uchida, Marc Chandler, Jerome Powell, Vasu Menon, bitcoin, Ether Organizations: Labor Department, Bank of Japan's, Bannockburn Global Forex, U.S . Federal, Swiss, New Zealand Locations: Kawasaki, Japan, North America, Moneycorp, ., Bannockburn
What does the Olympics controversy over Algerian boxer Imane Khelif have to do with J.K. Rowling’s home wallpaper? A representative for Rowling declined to comment on her wallpaper and the backlash to her posts about Khelif. LGBTQ people and groups like GLAAD have condemned Rowling’s views, calling them transphobic, and “Harry Potter” actor Daniel Radcliffe spoke out against her in 2020. Some of Rowling’s defenders responded to the mold posts, suggesting that what people online claim is mold is actually wallpaper. Google search interest in “jk rowling mold” has also skyrocketed since then, with breakout search queries like “jk rowling black mold meme” in Canada, the U.S., the U.K. and Australia.
Persons: Imane Khelif, , , ” Khelif, Rowling, ” “, , Harry Potter, Daniel Radcliffe, X, Harry Potter ”, Rowling’s, JD Vance, “ jk rowling Organizations: International Olympics, IOC, ” “ Jk, GLAAD, Locations: British, Russian, Canada, U.S, Australia
Oil prices crept higher on Wednesday, though Brent still languished near seven-month lows, pressured by concerns over weak demand and fears of recession in the United States. The threat of conflict escalating in the Middle East and endangering oil production has supported prices since Tuesday. Brent crude futures were up 45 cents, or 0.6%, to $76.93 a barrel at 0823 GMT. U.S. crude oil, gasoline and distillate inventories rose last week, according to market sources citing American Petroleum Institute figures on Tuesday. But both oil benchmarks broke a three-session declining streak on Tuesday, as tensions in the Middle East stoked supply concerns.
Persons: Brent, Tamas Varga, Antony Blinken, Daniel Hynes Organizations: Brent, . West Texas, PVM, American Petroleum Institute, U.S . Energy, Administration, ANZ Locations: United States, U.S, Iran, Gaza
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