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☆ European markets set to open lower following slew of central bank decisions
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Shoppers on the high street in the Kingston district of London, U.K.LONDON — European markets were poised to open lower Friday as investors digested a slew of central bank rate decisions this week and their impact on the global economy. The U.K.'s FTSE 100 was seen opening 41 points lower at 8,291, Germany's DAX down 59 points at 18,939, France's CAC 2 points lower at 7,604 and Italy's FTSE MIB down 124 points at 33,913, according to IG data. The regional Stoxx 600 closed higher Thursday, after the U.K.'s Bank of England and Norway's Norges Bank both held rates steady, drawing a contrast with the U.S. Federal Reserve's bumper rate cut a day prior.

Persons: Germany's DAX Organizations: LONDON, CAC, Bank of England, Norway's Norges Bank, U.S Locations: Kingston, London, U.S . Federal

☆ Panthers-Raiders game marks a first for the NFL with two women presidents at the helm
▼ + stars: | 2024-09-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"I'm really proud of this moment," Carolina Panthers President Kristi Coleman told CNBC ahead of the game. The game is the first time two female presidents will go head-to-head in professional football. When the Carolina Panthers take on the Las Vegas Raiders on Sunday, it will mark a historic first for the National Football League. The NFL says 22 women currently hold full-time coaching positions in the NFL. As part of growing and developing that pipeline of women, the NFL holds an annual Women's Forum.

Persons: Kristi Coleman, David Tepper, Dave Canales, Coleman, Sandra Douglass Morgan, Mark Davis, Douglass Morgan Organizations: Carolina Panthers, CNBC, NFL, Las Vegas Raiders, National Football League . Carolina Panthers, Bank of America, Panthers, Tepper Sports & Entertainment, NFL League Office, The Institute, Diversity, University of Central Locations: Charlotte , North Carolina, Sport, University of Central Florida

☆ The vaccines you need to know about before you travel
▼ + stars: | 2024-09-17 | by ( Lisa Kjellsson | ) edition.cnn.com time to read: +12 min

Norlys Perez/ReutersUntil recently, there wasn’t a widely available dengue vaccine for travelers. But according to Dr. Nicky Longley, consultant in infectious diseases and travel medicine at The Hospital for Tropical Diseases (HTD) at University College London Hospitals, dengue vaccination is not quite the silver bullet travelers had hoped for. One traveler who welcomes the arrival of the new Qdenga vaccine is UK-based travel writer Chris Dwyer. Which vaccines do you need? Adults are advised to keep a record of their immunizations and when they need to be boosted.

Persons: Yasuyoshi Chiba, Norlys Perez, Dengvaxia, Nicky Longley, haven’t, “, ” Longley, Chris Dwyer, Dwyer, Qdenga, ” Dwyer, vaccinates, Sia Kambou, ”, Longley, “ It’s, Anniina Sandberg, Sandberg, didn’t, Martin Harvey, HTD’s Longley, wasn’t, Tick Organizations: CNN, Hatta International Airport, Getty, Health Organization, WHO, US Centers for Disease Control, Prevention, Reuters, European Union, The, University College London Hospitals, Malaria, Natives, TBE, CDC Locations: Sweden, Asia, Thailand, Pakistan, Philippines, Soekarno, Tangerang, Indonesia, AFP, Cuba, Europe, United States, Malaysia, Abidjan, West Africa, South Sudan, Ivory, Finnish, Africa, Tanzania, Tanzanian, South Africa, Helsinki, Finland, Americas

☆ Welcome to interest-rate cut week: Here's how the Fed's next move will impact everything from home prices to new cars loans
▼ + stars: | 2024-09-16 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

According to CME FedWatch, which estimates interest rate changes based on market predictions, the size of the rate cut is a coin toss. As of Friday afternoon, there's a 51% chance the Federal Reserve will cut rates by 25 basis points and a 49% chance it'll be an extra-large 50-basis-point cut. That's because a larger rate cut makes borrowing cheaper, which tends to drive up spending and fuel price increases. Rate cuts will also eventually make it cheaper for small businesses to take out loans. A rate cut could cause a rush of buyers to enter the market in the short term, driving up prices and competition.

Persons: Jerome Powell, Michael Madowitz, she's, McTier, it'll, Mark Hamrick, Banks, Hamrick, NerdWallet, Sara Rathner Organizations: Service, Federal, CME FedWatch, Federal Reserve, Business, Washington Center for Equitable Growth, Fed, Consumer Financial, Bureau, asheffey Locations: Jackson Hole , Wyoming, McTier

☆ It's a big week for central banks around the world, with a slew of rate moves on the table
▼ + stars: | 2024-09-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.

Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan

☆ Floods in Romania kill at least four people as rain batters central Europe
▼ + stars: | 2024-09-14 | by ( ) www.nbcnews.com time to read: +4 min

VISNOVA, Czech Republic — At least four people died and thousands of homes were damaged by flooding in eastern Romania on Saturday, officials said, as surging river levels put authorities on alert in much of central and eastern Europe following days of torrential rain. Tens of thousands of households were left without power in Romania and the Czech Republic, where more rainfall is forecast in the coming days. Poland, Slovakia, Hungary, southern Germany and parts of Austria are also expected to see more heavy rain. Television images from the area showed streets flooded with muddy water, silt and debris as rescuers led residents to safety. Evacuations and blackoutsIn the Czech Republic, northern and northeastern areas bore the brunt of the deluge and 51,000 households had their electricity supply cut off, the CTK news agency said.

Persons: Marcel Ciolacu, ” Ciolacu, Petr Hladik, Roman Christof, ”, Charles, Tomasz Siemoniak, Donald Tusk, Chancellor Karl Nehammer, “, ” Nehammer Organizations: Czech Republic —, Prague Zoo, Czech Railways, ” Locations: Czech Republic, Romania, Europe, Poland, Slovakia, Hungary, Germany, Austria, Czech, Prague, Galati, Visnova, Brno, Bratislava, Lower Austria

☆ I dodged the crowds in Rome and visited a charming, underrated city just over two hours away
▼ + stars: | 2024-09-14 | by ( Carly Caramanna | ) www.businessinsider.com time to read: +1 min

Perugia is only about a two-hour drive from Rome, but it didn't feel as overrun with tourists. Go to newsletter preferences Thanks for signing up! You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementAfter visiting some of Italy's hot spots, like Rome, Venice, and Florence, I wanted to check out a lesser-visited city that a friend had recommended: Perugia. The city, which is only about a two-hour drive from Rome, is the capital of Central Italy's Umbria region.

Persons: —, it's Organizations: Service, Perugia, Business Locations: Perugia, Rome, Venice, Florence, Central Italy's Umbria

CNN —At least seven people have died after some of the heaviest rain in years hit central and eastern Europe, causing flooding and widespread disruption. The heavy rainfall continued to pummel the region into Sunday. Rescuers have been working hard to rescue hundreds of people left stranded by heavy rainfall there. In neighboring Austria, heavy rainfall has caused water levels to rise in several rivers and rescue services have been called out to parts of the country. Red alerts, the highest level of warning, have been issued for portions of Poland, Germany, the Czech Republic, Austria and Slovakia.

Persons: Boris, Cătălin Predoiu, Predoiu, Manfred Fesl, Donald Tusk, Sergei Gapon, Gabriel Kuchta Organizations: CNN, Romanian Emergency, AP, AFP, Getty, Poland’s, Rescue Service Locations: Europe, Vienna, Bratislava, Prague, Klodzko county, Poland, Austria, Romania, Galati, Pechea, Braunau, Czech Republic, Klodzko, Klodzko County, Czech, Černou, Glucholazy, AFP, Mikulovice, Germany, Saxony, Lower Austria, Slovakia

CNN —At least eight people have died after some of the heaviest rain in years hit central and eastern Europe, causing flooding and widespread disruption. Rescuers have been working hard to rescue hundreds of people left stranded by heavy rainfall there. Garages and a house flooded in the town of Kłodzko, in Poland's southwest, Sunday, Sept. 15, 2024, after days of unusually heavy rain. Krzysztof Zatycki/APRising water along the Wien River during heavy rain on September 15, 2024, in Vienna, Austria. Many municipalities in Lower Austria have declared a state of emergency as heavy rainfall continued into Sunday.

Persons: Boris, Prudnicka, Cătălin Predoiu, Predoiu, Sofia Basalic, “, Gica Stan, Storm Boris, Krzysztof Zatycki, Christian Bruna, Donald Tusk, Tusk, Petr Pavel, Vlček, Miroslav Binar, Gabriel Kuchta, Tomas Benedikovic, Sergei Gapon, Ursula von der Leyen Organizations: CNN, Residents, AFP, Storm, Poland’s, ”, European Union, CNN Prima, Fire, Getty, European Commission Locations: Europe, Vienna, Bratislava, Prague, Poland, Germany, Czech Republic, Austria, Slovakia, Klodzko county, Moszczanka, Romania, Galati, Kłodzko, Poland's, Sunday, Wien, Klodzko, Klodzko County, Czech, ”, Krnov, Jesenik, AFP, Glucholazy, Benešově nad Černou, Saxony, Lower Austria

Rescue services have been launched in hard-hit counties as authorities warn that they have recorded the heaviest rainfall in 100 years over the past 24 hours. Sadly four people have been found dead in their houses or yards.”Rivers burst their banks in Poland and the Czech Republic. Firefighters fill sand bags in Glucholazy, southern Poland. Gabriel Kuchta/Getty ImagesThe swollen Biala River in Glucholazy, southern Poland. Red alerts, the highest level of warning, have been issued for portions of Poland, Germany, the Czech Republic, Austria and Slovakia.

Persons: Boris, Manfred Fesl, Cătălin Predoiu, Rivers, Tomasz Siemoniak, TVN24, Sergei Gapon, Gabriel Kuchta Organizations: CNN, Romanian Emergency, AP, AFP, Getty, Rescue Service Locations: Europe, Vienna, Bratislava, Prague, Romania, Pechea, Galati, Braunau, Austria, Poland, Czech Republic, Glucholazy, Czech, Černou, AFP, Mikulovice, Germany, Saxony, Slovakia

☆ Los Angeles wildfires slow, still threaten suburbs
▼ + stars: | 2024-09-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: 1 min

Wildfires that have burned dozens of mountain homes near Los Angeles slowed on Thursday with cooler temperatures but authorities warned the blazes still threatened suburbs. Driven by triple-digit heat, gusting winds and tinder-dry vegetation, the three fires burned at speeds firefighters have never witnessed, scorching over 110,000 acres — an area twice the size of Seattle. The Bridge Fire, California’s largest current wildfire, swept through communities in the San Gabriel Mountains less than 40 miles (65 km) northeast of central Los Angeles, where people priced out of the city have built homes. The 51,000-acre blaze destroyed over 40 houses and cabins in Mount Baldy and Wrightwood as well as damaging lifts at the Mountain High ski area, authorities said. Fire growth eased as the high for Los Angeles fell to 81F, a cooling trend expected to last through the weekend.

Persons: Wrightwood Organizations: Los Locations: Los Angeles, Seattle, San Gabriel, Mount Baldy

☆ Trump loses 'Electric Avenue' lawsuit as judge finds he has zero defense for tweeting the song
▼ + stars: | 2024-09-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

In Trump's case, Electric Avenue was used for a commercial purpose, not for an allowable non-profit, research, or educational purpose, the judge wrote. The second factor looks at whether the copyrighted work was "creative" or "factual." The third factor weighs how much of the copyrighted work was taken for an unauthorized use. AdvertisementThe final factor asks "whether, if the challenged use becomes widespread, it will adversely affect the potential market for the copyrighted work," the judge wrote. "In this case, there is no public benefit as a result of the defendants' use of 'Electric Avenue'" the judge wrote.

Persons: —, Donald Trump, Eddy Grant's, Trump, Grant, Brett Van Benthysen, Brian Caplan, Mr, Caplan, Van Benthysen, Grant's, Eddy Grant, Dan Scavino, Joe Biden feebly puttering, Pence, John G, Koeltl, Scavino Organizations: Service, Business, Trump Locations: Manhattan, Barbados

AdvertisementHow to clean a window AC unitYou should clean your window air conditioner thoroughly at least once a year. AdvertisementHow to clean a window AC unit with moldDrago recommended a deep clean of your window AC unit if you discover mold, performing all of the abovementioned steps. AdvertisementHow to clean a window AC unit without removing itThe safest way to thoroughly clean your window air conditioner is to remove it from the window, but that's not always possible. Insider's takeawayCleaning your window air conditioner will extend its lifespan, ensure it functions properly, and save you money in energy costs. Consider a few of the picks from our best air conditioner guide:Midea U Inverter Window Air Conditioner (MAW08V1QWT) The Midea U Inverter Window Air Conditioner features a unique design that allows you to open the window when it's installed, and it's one of two ACs to earn Energy Star Most Efficient Certification.

Persons: Ray Bramble, Vincent Drago, James Brains, Drago, Bramble, you've, that's, it's Organizations: King, Energy, Amazon Locations: Aire, Central Shenandoah Valley, Westchester County , New York

☆ A teacher caught students using ChatGPT on their first assignment to introduce themselves. Her post about it started a debate.
▼ + stars: | 2024-09-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +8 min

Yet many of the students enrolled in her ethics and technology course decided to introduce themselves with ChatGPT. AdvertisementSecond week of the semester and I've already had students use (and own up to using) ChatGPT to write their first assignment: "briefly introduce yourself and say what you're hoping to get out of this class". AdvertisementThe calculator argument — why ChatGPT is not just another problem-solving toolMany of the commenters who defended using AI likened ChatGPT for writing to using a calculator for math problems. OpenAI even partnered with Arizona State University to offer students and faculty full access to ChatGPT Enterprise for tutoring, coursework, research, and more. A professor in another post that received over 600 upvotes said that ChatGPT was "ruining" their love of teaching.

Persons: —, Megan Fritts, Fritts, I've, they're, clued, ChatGPT, they've, Charles Harvey, Harvey, I'm, They're, Curby Alexander, Anna Cunningham, Joel Nishimura, OpenAI, upvotes Organizations: Service, Business, University of Arkansas, University of Central, EdWeek Research, Texas Christian University, Arizona State University, ChatGPT Enterprise Locations: Little, University of Central Arkansas, Arizona

☆ US employers have good reasons not to hire more workers now
▼ + stars: | 2024-09-08 | by ( Bryan Mena | Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s because employers might be putting some of their hiring plans on hold — and for good reason. Businesses consider many factors when deciding to hire, but across a wide spectrum of industries, the economic outlook carries always great deal of weight. Both those factors are prompting employers to think twice about hiring more workers now, according to economists and recent comments from businesses around the country. But she’s proposing raising the corporate tax rate to 28%. So when interest rates are as elevated as they are right now, monthly debt payments could be too costly for many firms.

Persons: there’s, ” Kathy Bostjancic, Reserve Banks, Kamala Harris, Donald Trump, Trump, Harris, ”, Sean Snaith, Julia Pollak, ZipRecruiter’s, ” Pollak, “ It’s, Pollak Organizations: CNN, Labor Department, Federal Reserve, Nationwide, “, Reserve, Trump, America, Economic, of New, Institute for Economic, University of Central, Fed, Treasury Locations: China, of New York, University of Central Florida

☆ A longtime Russian ally says it's frozen its participation in Putin's NATO 'at all levels' after a year of snubs
▼ + stars: | 2024-09-02 | by ( Thibault Spirlet | Sinéad Baker | ) www.businessinsider.com time to read: +4 min

"Armenia has frozen its participation in the CSTO at all levels," he said, according to a translation by US think tank the Institute for the Study of War. AdvertisementHowever, he added that Armenia may "see the need to make another decision" in the future, per the ISW. Pashinyan announced his decision to leave the CSTO — a military alliance made up of Russia, Armenia, Kazakhstan, Belarus, Kyrgyzstan, and Tajikistan — in February. Tensions have risen between Russia and Armenia since Putin's full-scale invasion of Ukraine, which Pashinyan has repeatedly refused to support. Other CSTO members have also snubbed Russia since it launched its full-scale invasion of Ukraine in February 2022.

Persons: —, Vladimir Putin's, Nikol Pashinyan, Pashinyan, Putin, Dmitry Peskov, berate Putin, Thomas Graham Organizations: Service, Collective Security, Organization, NATO, Business, for, Tajikistan —, Kremlin, Yale Locations: Russian, Armenia, Russia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan, Pashinyan, Ukraine, Azerbaijan, Armenia's, East

☆ A look at the behind-the-scenes business of Hollywood studio lot tours
▼ + stars: | 2024-08-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +12 min

Hosted by Universal , Warner Bros. , Sony and Paramount , studio lot tours showcase the movie-making process from set design and sound recording to costumes and props. Building facades at the Warner Bros. studio lot. Floor to ceiling shelves filled with marble and faux marble busts at Warner Bros.' studio tour prop house. Studio Tour Hollywood Grand Re-Opening at Warner Bros. Studios on June 24, 2021 in Burbank, California. For the first six months of their employment with the studio, these pages serve as studio tour guides.

Persons: Tama, Robert Thompson, Adam Burke, Burke, Thompson, Mayer, Sarah Whitten, Tony Tasset, Oz, bauer, Foley, Gilmore, Harry Potter, Matt Winkelmeyer, Paul Dergarabedian, Alfred Hitchcock's, Truman, Benjamin Button, Steven Spielberg, Gabriel Bouys, King Kong, Allen J Organizations: Getty, Hollywood, Syracuse University, Universal, Warner Bros, Sony, Paramount, Los Angeles Tourism Board, Los Angeles Department of Public Works, Sony Pictures, Metro, Goldwyn, CNBC, Social, Sony Pictures Entertainment, CNBC Warner Bros, Warner Bros ., Fantastic, Studios, Turner, Paramount Studios, Bloomberg, Universal Studios, Afp, Universal Studios Hollywood, York, Los Angeles Times Locations: New York City, Los Angeles, Culver City, Central, Burbank , California, Los Angeles , California, York, Hollywood, New York

☆ Don't get your hopes up about the housing market
▼ + stars: | 2024-08-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

One of the most painful ways higher interest rates have impacted Americans is through higher housing costs. The combination of high borrowing costs and skyrocketing home prices and rents — caused by a housing shortage — has created an enduring housing affordability crisis. On the one hand, lower borrowing costs would likely make mortgages cheaper for buyers and encourage builders to construct desperately needed new homes. But rate cuts would also spur new home construction, as builders respond to higher demand and lower borrowing costs for acquisition and construction loans. On top of high borrowing costs, builders are struggling with a severe shortage of construction workers and high building material costs.

Persons: —, Jerome Powell, Daryl Fairweather, Wells, underbuilding, Ben Metcalf, Metcalf Organizations: Service, Jackson Hole , Wyoming ., Business, Bank of England, Terner Center, Housing Innovation, UC Berkeley Locations: Jackson Hole , Wyoming

☆ Americans just got the biggest confirmation yet of an interest rate cut next month — but the job market hangs in the balance
▼ + stars: | 2024-08-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

He offered details on the Fed's thinking as the next Federal Open Market Committee meeting approaches in September, with all eyes on the first interest rate cut since the pandemic began. AdvertisementIt's all but certain that the Fed will cut rates in September. That leaves the big question of how much — not if — the Fed will cut rates, and the upcoming jobs report will likely shed some light on that question. "Today, the labor market has cooled considerably from its formerly overheated state. "But the inflation and labor market data show an evolving situation.

Persons: Jerome Powell, Powell, Jackson, precarity, Austan Goolsbee, we've Organizations: Service, Federal, Business, CME, Bureau of Labor Statistics, Democratic, Chicago Fed

☆ ‘The time has come’: The Fed just sent a crucial message about its next move
▼ + stars: | 2024-08-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

And so does the broader US economy: Economic growth this year has been solid and the Atlanta Fed is projecting that growth hasn’t slipped. “The labor market is cooling, but it’s not getting soft. A slowing job market is also playing a role in nudging the Fed to ease borrowing costs. Translation: The recent weakness in the job market could result in American shoppers curbing their spending more than expected. A big question mark is the future of America’s job market, which is a key driver of the US economy.

Persons: Washington CNN —, “, Jerome Powell, ”, “ Powell, Seema Shah, hasn’t, ” Tom Porcelli, it’s, Powell, cooldown, ” Powell, aren’t, they’re, —, “ There’s, Elizabeth Renter Organizations: Washington CNN, Federal, Fed, Markets, Asset Management, Atlanta Fed, Treasury, CNN, Walmart, America’s Locations: Jackson Hole , Wyoming, nudging

It all left Democrats on the convention floor feeling euphoric and focused, confident that her speech would spur the Democratic base to turn out in November. But outside the arena, and outside the bubble of ride-or-die Democratic voters, some voters, particularly Republicans, said they did not even bother to watch the speech. And among some still on the fence — those who could make a difference in a tight contest — Ms. Harris’s words did not make immediate converts. Bob and Sharon Reed watched Ms. Harris’s speech on their farm in the hills of central Pennsylvania. They came away from Ms. Harris’s speech feeling a little conflicted.

Persons: Kamala Harris, Harris, Donald J, Trump, ”, Bob, Sharon Reed Organizations: Democratic National Convention, Democratic, Mr Locations: Pennsylvania

☆ Falling commodity prices are indicating there is trouble brewing with the economy
▼ + stars: | 2024-08-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Commodity prices have tumbled over the past month, signaling underlying weakness in the global economy despite the U.S. stock market bouncing back from recession fears. But commodity markets may be telling a different story about the global economy. The Invesco DB Base Metals Fund is down more than 7% over the past month, while crude oil futures dropped 14% from July 5 through Aug. 5. @HG.1 YTD mountain Copper futures, YTD Weakness in China, the world's second-largest economy, is weighing on copper and oil in particular, Melek said. OPEC on Monday lowered its global oil demand growth forecast this year by 135,000 barrels per day as expectations in China have softened.

Persons: Rob Ginsberg, Ginsberg, Bart Melek, DBB @HG, We've, Melek, I'm Organizations: U.S, Investors, Invesco DB Base Metals, Wolfe Research, TD Securities, DBB, Metals, Copper, CNBC, Global, Beijing, European Union, World Trade Organization, Federal Reserve, Securities Locations: U.S, China, Beijing, Jackson Hole , Wyoming

☆ Nikkei 225: Japan stock market rally fades as fears of US economic slowdown, yen volatility return
▼ + stars: | 2024-08-08 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Meanwhile, the yen strengthened 0.6% to 146 against the US dollar, after losing nearly 2% on Tuesday and Wednesday combined. But those fears, as well as a further jump in the value of the yen, are still haunting the market. The volatility in the yen, which was at the heart of recent market turmoil, remains elevated, he added. On Monday, the Nikkei plummeted by the most since 1987, sparking a broader global market sell-off. The narrowing of the interest rate differentials, which had enabled the yen carry trade, could push the yen higher, Kuptiskevich added.

Persons: Hong Kong CNN —, Germany’s DAX, Shinichi Uchida, Uchida, ”, Stephen Innes, Alex Kuptsikevich, Masamichi Adachi, Innes, Taiwan’s Taiex, Hang Organizations: Hong Kong CNN, Nikkei, CAC, Nasdaq, Bank of Japan, Federal Reserve, FxPro, Federal, Fed, UBS, UBS Chief Investment, Kospi, Hang Seng Locations: Hong Kong, Europe, Japan, unwind

☆ I moved from the US to Germany for college. Tuition is mostly free, but I miss the American school spirit.
▼ + stars: | 2024-08-06 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Amanda Mrokez, an American student in Cologne, Germany. In 2021, I withdrew from Central Michigan University and moved to Germany to pursue a teaching degree at the University of Cologne. AdvertisementGermany is lacking school cultureParticipating in school culture was a big thing for me when I was in Michigan. My closet was full of Central Michigan University apparel, and everyone thought it was cool to wear hats and sweatshirts on campus. In Germany, students learn what they must study and what's best for them.

Persons: —, Amanda Mrokez, it's, Erin, eliam@businessinsider.com Organizations: Service, Central Michigan University, University of Cologne, Business Locations: American, Cologne, Germany, Michigan

☆ Gunmen kill New Zealand helicopter pilot in another attack in Indonesia’s restive Papua region
▼ + stars: | 2024-08-05 | by ( Story Associated Press | ) edition.cnn.com time to read: +3 min

Jayapura, Indonesia — Gunmen stormed a helicopter and killed its New Zealand pilot shortly after it landed in Indonesia’s restive Papua region on Monday, and they released two health workers and two children it was carrying, police said. West Papua Liberation Army spokesperson Sebby Sambom told The Associated Press that he had not received any reports from fighters on the ground about the killing. NZ Pilot Philip Mehrtens flanked by members of the West Papua National Liberation Army. Planning to use the pilot to negotiate, Kogoya has said they won’t release Mehrtens unless Indonesia frees Papua as a sovereign country. Flying is the only practical way of accessing many areas in the mountainous easternmost provinces of Papua and West Papua.

Persons: Indonesia — Gunmen, Glen Malcolm, Faizal Ramadhani, ”, Sebby Sambom, ” Sambom, “, Philip Mehrtens, Egianus, Philip Mark Mehrtens, Kogoya, Graeme Thomas Wall, Wall Organizations: Indonesia —, Zealand, Indonesian, PT, Angkasa Air Service, West Papua Liberation Army, Free Papua Movement, National Police, Associated Press, New Zealand, NZ, West Papua National Liberation Army, West, Susi, PT Freeport Indonesia Locations: Jayapura, Indonesia, Indonesia’s restive Papua, Alama, Mimika district, Central Papua, Papua, West, Jakarta, Dutch, New Guinea, West Papua, Christchurch, Indonesian, New Zealand, Ngaruawahia

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