DIRS.INFO The most relevant business & tech news

☆ China's macro backdrop has investors worried. Here are some stocks that could be safe from any weakness
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

A lackluster economic backdrop in China shouldn't keep Wall Street from buying opportunities in the world's second-largest economy, some investors say. Consumer growth bets Kirby named Yum China as one quality stock idea. He also expects Yum China could still benefit from a rebound in consumer spending in China. It's a spending category the fund manager doesn't expect will suffer from any weakness in the macro backdrop. Yum China is higher this year by more than 4%.

Persons: Ben Kirby, Kirby, Duke, It's, James Donald, Thornburg's Kirby Organizations: Thornburg Investment Management, KFC, Technology, doesn't, Lazard Investment, Lenovo Locations: China, Beijing, Botox, U.S

☆ Buy this pharma stock that could more than double if it clears a legal battle, Jefferies says
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors should buy Bausch Health Companies as shares can more than double from here, Jefferies said. Bausch Health is embroiled in a legal battle over Xifaxan, its drug for irritable bowel syndrome with diarrhea, to prevent generics from entering the market. Bausch Health has been hoping to spin off its valuable vision care unit, Bausch + Lomb, for several years. Bausch Health shares are higher this year by more than 22%. The analyst cited other reasons why Bausch Health shares will get a boost.

Persons: Jefferies, Glen, mgt, Santangelo, Bausch, — CNBC's Michael Bloom Organizations: Health Companies, Health, Bausch Health, FDA Locations: Xifaxan, Norwich, Bausch, New Jersey

☆ Bank of America raises year-end S&P 500 price target, says rally will broaden out from here
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Bank of America's Savita Subramanian raised her 2023 year-end S & P 500 price target to 4,600, saying the rally will broaden out from here. The equity and quant strategist increased her S & P 500 target to 4,600 from 4,300 — placing it among the higher forecasts in CNBC's Market Strategist survey . The strategist expects even better returns for the average stock over the S & P 500, which is weighed by market value, as the rally broadens. Her bear case is 4,100 and bull case is 4,700 for the S & P 500. All three major averages are negative on the month, and the S & P 500 and Nasdaq Composite are lower this quarter.

Persons: America's Savita Subramanian, Subramanian, — CNBC's Michael Bloom Organizations: America's, Nasdaq, Tech

☆ RBC says this large tech stock is undervalued and can jump nearly 30%
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy International Business Machines as it's undervalued, according to RBC Capital Markets. Analyst Matthew Swanson initiated coverage of IBM with an outperform rating, saying the value of the tech company's software business specifically is being overlooked by investors. He expects IBM can carve out its own niche in artificial intelligence as it has in hybrid cloud enablement. "We feel the company's software business is misunderstood, and undervalued, particularly its role in hybrid environments, AI and spend optimization," he added. IBM 1D mountain IBM shares 1-day IBM can support businesses in their A.I.

Persons: Matthew Swanson, Swanson, — CNBC's Michael Bloom Organizations: Machines, RBC Capital Markets, IBM

☆ Sell Dollar General as consumers come under pressure from higher inflation, JPMorgan says in downgrade
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to dump shares of Dollar General as consumers come under increasing pressure, according to JPMorgan. Analyst Matthew R. Boss downgraded shares to underweight from neutral, saying the company's core low-to middle-income shopper is under strain from diminishing savings and rising inflation. The downgrade comes after JPMorgan hosted a recent fireside chat with Dollar General finance chief Kelly Dilts. DG 1D mountain Dollar General shares 1-day All this charts an uncertain path forward for Dollar General, the analyst said. On Aug. 31, the stock dropped 12% after Dollar General reported weaker-than-expected second-quarter results.

Persons: Matthew R, Boss, Kelly Dilts, — CNBC's Michael Bloom Organizations: JPMorgan, SNAP, Dollar, Dilts

☆ This image sharing platform can jump more than 30% as it improves user engagement, analysts say in upgrades
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Pinterest is a buying opportunity for investors as it makes progress improving user engagement and monetization, Citi says. Citi analyst Ronald Josey upgraded shares to buy/high risk after coming out of the Analyst Day more confident the Pinterest can turn its business around. Pinterest shares popped 4.2% in Wednesday premarket trading. Citi was not the only Wall Street firm to upgrade Pinterest shares Wednesday. Davidson's Tom Forte raised his rating to buy from neutral after the company's latest analyst day spurred him to raise his forecasts.

Persons: Ronald Josey, Josey, Davidson's Tom Forte, Forte, — CNBC's Michael Bloom Organizations: Citi Locations: D.A

The police in South Korea on Wednesday accused 17 American soldiers and five other people of distributing or using synthetic marijuana that had been brought into the country through the U.S. military’s postal service. A Philippine national and a South Korean national were under arrest, said the police in the city of Pyeongtaek. Synthetic marijuana is an illegal substance in South Korea. Cha Min-seok, a senior detective, said the drug investigation was one of the largest in recent years involving American soldiers. In South Korea, after the police finish a criminal investigation, prosecutors review it, sometimes conducting their own inquiry, before deciding whether to bring indictments.

Persons: Cha, Detective Cha Organizations: Philippine, South Locations: South Korea, South Korean, Pyeongtaek, U.S

☆ Never before have just 10 stocks held this much sway over the global stock market
▼ + stars: | 2023-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The top 10 global stocks by market value have a greater hold than ever before on the capital markets, and that could be a bad thing, says Ned Davis Research. Ned Davis found that a heavy concentration in the years 2000 and 2021 was soon followed by a bear market. However, there was an exception in 2020, when the rise in a handful of stocks broadened out and supported a bull market. Ned Davis is watching for aggregate strength in key 50-day and 200-day indicators. However, stocks could fall into a bear market if the rally this year fails to expand to more sectors, the firm said.

Persons: Ned Davis, Tim Hayes, Hayes Organizations: Ned Davis Research, Microsoft, Nvidia, Tesla, Rally Watch

☆ Stocks making the biggest moves premarket: Carnival, Deere, Super Micro Computer and more
▼ + stars: | 2023-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Dell Technologies — Shares rose more than 1.2% after Daiwa Capital Markets upgraded the computer stock to outperform from market perform. The Wall Street firm hiked its price target to $80 per share from $50, implying roughly 16% upside from Monday's close. Super Micro Computer — The information technology stock added more than 2% after Barclays initiated coverage of Super Micro Computer on Tuesday with an overweight rating. The firm's $327 price target represents nearly 34% upside from Monday's close.

Persons: Truist, Deere, Cowen, shakeup, — CNBC's Michelle Fox, Hakyung Kim Organizations: Carnival Cruise, Royal Caribbean Group, Truist, Royal, Cruise Lines, Deere & Company, Starbucks, CVS Health, pharma, CVS, Dell Technologies, Daiwa, Markets, Barclays, Computer, JPMorgan Locations: San Francisco, Royal Caribbean, China

☆ Goldman says the stock market is about to go on a wild ride and suggests a trade to capitalize on the volatility
▼ + stars: | 2023-09-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Goldman Sachs expects the stock market is about to get even bumpier from here — and recommends ways for investors to capitalize on the turbulence. "We expect volatility to increase over next few weeks," John Marshall, head of derivatives research at the firm, wrote Monday. While the CBOE Volatility Index, or VIX, a popular measure of volatility, is down about 35% in 2023, the Wall Street firm expects that a deteriorating macroeconomic backdrop and seasonal volatility will drive it up. The CBOE Volatility Index was last hovering around 14. "Buy CBOE Volatility Index (VIX) Oct monthly expiry $15 calls to hedge potential rise in volatility," the firm's Arun Prakash wrote in a Thursday note.

Persons: Goldman Sachs, John Marshall, Marshall, Arun Prakash, Prakash, CNBC's Michael Bloom

☆ WTA roundup: Ashlyn Krueger wins 1st title at Japan Open
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] FILE PHOTO:Aug 6, 2023; Montreal, Quebec, Canada; Camila Giorgi (ITA) hits a forehand against Ashlyn Krueger (USA) (not pictured) in second round qualifying play at IGA Stadium. 123 in the world, Krueger, 19, entered the week without a main-draw win on hard court this year and had never advanced past a quarterfinal of a WTA event. Krueger had the edge in aces, 7-3, and never had to save a break point in the 96-minute match. She broke Zhu on her first service game of the match, and Zhu was 1-for-2 in saving break points. "I think I was very aggressive today, playing a lot of really aggressive tennis and using my serve," said Krueger, who recorded 28 winners to 13 for her opponent.

Persons: Camila Giorgi, Ashlyn Krueger, Eric Bolte, Ashlyn Krueger didn't, Zhu Lin, Krueger, China's Zhu, Zhu, Grace Min, Elise Mertens, Yanina, Mertens, Jasmine Paolini, Louisa Chirico, Karolina Pliskova, Ena Shibahara, Sloane Stephens, Ann Li, Canada's Leylah Fernandez breezed, Asia Muhammad, Taylor Townsend, Hailey Baptiste, Eugenie Bouchard of Canada, Dayana, Martina Trevisan, Cristina Bucsa Organizations: IGA, Japan, WTA, Dallas, United, Thomson Locations: Montreal, Quebec, Canada, Osaka, Guadalajara, Mexico, Ukraine, United States, Italy, Czech, Japan, U.S, Asia, Alycia, Spain, Belarus

☆ Kim Jong Un discusses stronger North Korea ties with Russia in a 'fresh heyday'
▼ + stars: | 2023-09-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +3 min

[1/4] North Korean leader Kim Jong Un walks with Russia's Defence Minister Sergei Shoigu, as he visits Vladivostok, Russia, September 16, 2023 released by the Korean Central News Agency on September 17, 2023. During his visit to Russia, Kim inspected Russian nuclear-capable strategic bombers, hypersonic missiles and warships on Saturday, accompanied by Russian Defence Minister Sergei Shoigu. South Korea and the U.S. said on Friday military cooperation between North Korea and Russia would violate U.N. sanctions against Pyongyang and that the allies would ensure there was a price to pay. Moscow is discussing joint military exercises with North Korea, Shoigu told Russian media. Earlier this month, North Korea launched its first operational "tactical nuclear attack submarine".

Persons: Kim Jong, Sergei Shoigu, Kim, Vladimir Putin, Kim's, KCNA, Shoigu, Lidia Kelly, Daniel Wallis, David Gregorio, William Mallard Organizations: Russia's, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, Russian Defence, North Korean, DPRK, Democratic People's, Pyongyang, Fleet, Thomson Locations: Vladivostok, Russia, Rights SEOUL, Pyongyang, Russian, Democratic People's Republic of Korea, Ukraine, United States, North Korea, South Korea, U.S, Soviet Union, Moscow, Melbourne

☆ The Fed is expected to hold rates steady next week, but its guidance will be key for investors
▼ + stars: | 2023-09-15 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Federal Reserve is widely anticipated to hold rates steady in the week ahead, but key for investors will be the central bank's guidance on where it's headed from here. Investors are assessing a mixed batch of economic reports ahead of the Fed's September policy meeting. Meanwhile, August retail sales came in better than expected, jumping 0.6% against a 0.1% increase expected by economists. Housing data released in the week ahead could show whether housing demand remains solid. Week ahead calendar All times ET.

Persons: Bank's Rob Haworth, Jerome Powell, Powell, Hogan, Instacart, Arm's, Mills, Lisa Cook, —, Jeff Cox, Michael Bloom Organizations: Federal Reserve, Dow Jones, Dow, Nasdaq, Investors, PPI, Federal, Riley, FedEx, Housing, Philadelphia Fed, Darden, FactSet, Systems, National Bureau of Economic Research, Artificial Intelligence, PMI, SA, PMI Manufacturing SA, PMI Services SA Locations: NAHB, Toronto, Canada

☆ Ig Nobel prizes go to research into nose hairs, dead spiders and licking rocks
▼ + stars: | 2023-09-15 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +4 min

The scientists who researched these questions are among the winners of this year’s Ig Nobel Prizes – an accolade that has no affiliation to the Nobel Prizes – which aim to “celebrate the unusual, honor the imaginative and spur people’s interest in science, medicine, and technology.”Rice University graduate student Faye Yap with a dead wolf spider for use as a necrobotic gripper. Brandon Martin/Rice UniversityThe Ig Nobel Prize’s 33rd ceremony took place virtually on Thursday night, with prizes awarded by “genuine, genuinely bemused” Nobel laureates over Zoom. Geologist Jan Zalasiewicz won the coveted Chemistry and Geology Prize for his research into why many scientists like to lick rocks. The Medicine Prize was awarded for research into how many nose hairs are in each of a person’s nostrils. The researchers will have the opportunity to meet one another at a companion Ig Nobel Face-to-Face event in Cambridge, Massachusetts in November.

Persons: Faye Yap, Brandon Martin, Jan Zalasiewicz, Zalasiewicz, ”, urologist Seung, Homei, Hiromi Nakamura, Stanley Milgram, Leonard Bickman, Lawrence Berkowitz Organizations: London CNN, ” Rice University, Rice University, Ig, Zimbabwe, Rice University in Texas, Mechanical, Communication, Public Locations: United States, United Kingdom, China, Cambridge , Massachusetts

☆ Woodforde urges patience with Davis Cup format after Djokovic seeks tweak
▼ + stars: | 2023-09-15 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

"I've seen some of those comments Djokovic made and I think that's been the intention of the ITF and the Davis Cup Committee all along, to have consultation with players," Woodforde, the Davis Cup Committee Chair, told Reuters via phone. The ATP is more player oriented, the ITF or Davis Cup is about teams and countries and that's also a priority for the Davis Cup Committee." It's not just the Davis Cup, it affected the tennis world and a lot of sports. We take on board, we've had revisions even over the years since we brought about the change of format." I think the Davis Cup is probably more judged on those days where the host country isn't playing."

Persons: Pabellon Fuente, Ji Sung Nam, Jakub Mensik, Adam Pavlasek REUTERS, Pablo Morano, Mark Woodforde, Novak Djokovic, Djokovic, I've, that's, Woodforde, we've, COVID, It's, Shrivathsa Sridhar, Christian Radnedge Organizations: Czech, Rights, Tennis Federation, Davis, Reuters, ITF, Kosmos, Committee, Thomson Locations: Czech Republic, South Korea, San Luis, Valencia, Spain, South, Malaga, Bologna, Manchester, Split, Britain, Bengaluru

☆ Yamashita among first women referees for men's Asian Cup
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Round of 16 - Netherlands v South Africa - Sydney Football Stadium, Sydney, Australia - August 6, 2023 Referee Yoshimi Yamashita during the match REUTERS/Carl Recine/File Photo Acquire Licensing RightsSept 14 (Reuters) - Japan's Yoshimi Yamashita is among five officials who will be the first women to referee matches at the men's Asian Cup next year, the Asian Football Confederation (AFC) announced on Thursday. Yamashita also officiated at last year's men's World Cup in Qatar. Australian Katherine Jacewicz will also be among the referees for the tournament, while assistants include Japanese duo Makoto Bozono and Naomi Teshirogi and Kim Kyoung-min of South Korea. "For the first time ever, women match officials are poised to make their debut at Asia's most prestigious men's national team competition...," the AFC said in a statement. Reporting by Aadi Nair in Bengaluru Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoshimi Yamashita, Carl Recine, Yamashita, Katherine Jacewicz, Makoto Bozono, Naomi Teshirogi, Kim Kyoung, Aadi Nair, Toby Davis Organizations: Soccer Football, FIFA, Sydney Football Stadium, REUTERS, Asian Football Confederation, AFC, Asia's, men's, Thomson Locations: New Zealand, Netherlands, South Africa, Sydney, Australia, Qatar, South Korea, China, Bengaluru

CNN —The party of Myanmar’s deposed former leader Aung San Suu Kyi said Thursday they were concerned she is “not receiving adequate medical care” while in prison, amid reports her health is failing. “If [Aung San Suu Kyi’s] health is not only impaired but her life also is endangered, the military junta is solely responsible,” the party said. Suu Kyi's son, Kim Aris, said he was "extremely worried" about his mother's health. Alishia Abodunde/ReutersA source told CNN earlier this month that Suu Kyi was suffering from gingivitis, an inflammation of the gums, and toothache, but had since recovered. The ruling military junta on August 1 pardoned Suu Kyi on five charges for which she was previously convicted, reducing her lengthy sentences.

Persons: Myanmar’s, Aung San Suu Kyi, “, Suu, Kim Aris, ”, Aris, Suu Kyi's, Alishia Abodunde, Suu Kyi, Farhan Haq, Kamala Harris, Min Aung Hlaing Organizations: CNN, National League for Democracy, Facebook, Reuters, United Nations, ASEAN, Army Locations: Myanmar, Britain, Jakarta, Indonesia

☆ Russia Repels Attack on Ship in Crimea: Live Ukraine War Updates
▼ + stars: | 2023-09-14 | by ( Andrés R. Martínez | ) www.nytimes.com time to read: +9 min

News AnalysisA photograph released by North Korean state media showing President Vladimir V. Putin of Russia with the North Korean leader Kim Jong-un at the Vostochny Cosmodrome in Russia on Wednesday. The Korean War never officially ended after the guns fell silent in a cease-fire in 1953. North Korea, though isolated and impoverished, has prioritized a military buildup, with its propaganda machines urging constant vigilance against American invasion. Image At the border between North Korea and South Korea. “Trust is so low among Russia, North Korea and China that a real alliance of the three isn’t credible or sustainable.”

Persons: Vladimir V, Putin, Kim Jong, Matthew Miller, , Putin “ , Chang W, Lee, ”, Yang Uk, Yoon Suk Yeol, It’s, ” Mr, Yang, Michael Park, Kim, “, Siemon, Mr, Wezeman, Hong Min, Hong, David Guttenfelder, Leif, Eric Easley Organizations: North, North Korean, Vostochny, United Nations, State Department, New York Times, Asan Institute, Policy Studies, ” Artillery, ., The New York Times, Stockholm International Peace Research Institute, NATO, Korea Institute for National Unification, Russian, Mr, Ewha Womans University Locations: North Korean, Russia, . Washington, Moscow, South, United States, Ukraine, Russia’s, North Korea, Pyongyang, Washington, South Korea, Soviet, Syria, Iran, Korea, “, Seoul, Changwon, Stockholm, Sweden, North, , Zaporizhzhia, Komsomolsk, Vladivostok, China

☆ How could Russia help North Korea build a satellite?
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +4 min

The unprecedented visit comes as North Korea seeks to put its first spy satellite into orbit, an effort that has seen two failed attempts this year. Here's what we know about North Korea's race for space, why it's so controversial, and how Russia might help:WHY DOES NORTH KOREA WANT A SATELLITE? Seoul said the satellite had little military value, though analysts said any working satellite in space would provide North Korea with better intelligence on its enemies. At the time of the 2016 space launch, North Korea had yet to fire an intercontinental ballistic missile (ICBM). "Any form of satellite technology transfers or coordination between Russia and North Korea could be against international sanctions," he said.

Persons: Vladimir Putin, Kim Jong, Mikhail Metzel, Kim Jong Un, Kim, Pyongyang’s, Brian Weeden, Putin's, Lee Choon Geun, Lee, Josh Smith, Gerry Doyle Organizations: Sputnik, REUTERS Acquire, Rights, North Korean, TASS, Secure, Foundation, United Nations, North, Vostochny, Korea's Science, Technology Policy Institute, Thomson Locations: Amur, Russia, Kremlin, Rights SEOUL, Pyongyang, Korea, North, North Korea, South Korea, Seoul, U.S, United States

Is there an election coming up by any chance?”While some individual schools and colleges have implemented temporary mask requirements, there is no sign that anyone in federal or state leadership is considering widespread COVID-19 restrictions, requirements or mask mandates. “No COVID-19 public health restrictions or mask requirements are being considered by the Murphy administration," said Christi Peace, spokesperson for New Jersey Gov. It was largely the same message from Democratic governors’ offices in several other states that responded to an inquiry about whether any COVID-19 mandates were under consideration. “Currently, COVID-19 lockdowns and mask mandates are not being discussed and the governor has no plans to institute these measures,” she said. Reinstated mask requirements across the country have so far been limited to a handful of local schools and businesses.

Persons: It's, Ron DeSantis, ”, Carolina Sen, Tim Scott, Donald Trump, Biden, ” Trump, Murphy, Phil Murphy, Jodi McGinnis Porter, Josh Shapiro, Kathy Hochul, Elisabeth Shephard, Tina Kotek, “, Alex Jones, Lauren Boebert, Marjorie Taylor Greene, Joe Biden’s, ” Biden, they’ve, Sen, J.D, Vance of, Democratic Sen, Ed Markey, Greene, Lisa Fazio, Tate Reeves, Nicky Forster, Joey Cappelletti, Mike Catalini, Jill Colvin, John Hanna, Maysoon Khan, Seung Min Kim, Steve LeBlanc, Morgan Lee, Marc Levy, Lisa Mascaro, Andrew Selsky Organizations: Florida Gov, Republicans, New Jersey Gov, New, New Mexico Department of Public Health, Oregon . Pennsylvania, Democrat, Democratic, New York Gov, TSA, Transportation Security, U.S . Centers for Disease Control, Prevention, Republican, Morris Brown College, CDC, White House, Massachusetts, Vanderbilt University, Press, Associated Press, AP Locations: ”, Carolina, Rapid City , South Dakota, New Mexico, Kansas , Massachusetts, Michigan, Oregon, California, New York, COVID, Colorado, Atlanta, Georgia, South Lake, Maryland, Vance of Ohio, Mississippi

Russia's President Vladimir Putin shakes hands with North Korea's leader Kim Jong Un during a meeting at the Vostochny Сosmodrome in the far eastern Amur region, Russia, September 13, 2023. DPRK is short for the Democratic People's Republic of Korea, North Korea's formal name. At the opening of the meeting with Putin, Kim said it was an unwavering position of the North to further develop its traditional friendship and ties with Russia. Russian media said Putin showed Kim around the building where Russia's new space launch rocket, the Angara, is assembled. Humanitarian aid to North Korea and U.N. Security Council resolutions imposed on Pyongyang may also be discussed, Russian officials have said.

Persons: Vladimir Putin, North, Kim Jong Un, Vladimir Smirnov, Kim, Putin, Kim Jong, Moscow, Dmitry Peskov, Peskov, KCNA, Jo Chun Ryong, Hyunsu Yim, Josh Smith, Soo, hyang Choi, Lidia Kelly, Guy Faulconbridge, Jack Kim, Gerry Doyle Organizations: Sputnik, REUTERS Acquire, North, DPRK, Democratic People's, Russia, Kremlin, Vostochny, Munitions Industry, Thomson Locations: Amur, Russia, North Korea, South Korea, MOSCOW, SEOUL, Washington, Democratic People's Republic of Korea, North, Moscow, Ukraine, Pyongyang, Vostochny Cosmodrome, Russia's, South, United States, Korea, Seoul, Tokyo, Melbourne

☆ Stocks making the biggest moves premarket: Moderna, American, Spirit Airlines, Ford and more
▼ + stars: | 2023-09-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

A member of the Mississippi National Guard receives a dose of the Moderna Covid-19 vaccine in his arm in Flowood, Mississippi. Moderna — Moderna shares rose more than 3% in early trading after the Centers for Disease Control and Prevention recommended updated Covid vaccine shots for all Americans ages 6 months and older. BP — Shares rose more than 1% before the market open one day after BP CEO Bernard Looney resigned a little more than three years after assuming the post. American Airlines , Spirit Airlines — American Airlines fell 3.1% after lowering its third-quarter earnings guidance, citing higher fuel prices and costs from a new labor agreement. The airline now expects earnings per share in the range of 20 cents to 30 cents, lower than prior guidance of 85 cents to 95 cents.

Persons: Joseph Spak, Spak, Bernard Looney, NIO, —, Samantha Subin, Pia Singh, Sarah Min Organizations: Mississippi National Guard, Moderna, — Moderna, Centers for Disease Control, Pfizer, Apple, Apple Watch, Ford —, UBS, BP, Union, American Airlines, Spirit Airlines — American Airlines Locations: Flowood , Mississippi, U.S, NIO —

☆ Explainer-Inside North Korean Leader Kim Jong Un's Armoured Train
▼ + stars: | 2023-09-12 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

It is unclear how many trains North Korean leaders have used over the years, but Ahn Byung-min, a South Korean expert on North Korean transportation, said multiple trains were needed for security reasons. "Even if it is slow, train is safer and more comfortable than anything else for a North Korean leader," Ahn said. In the 2002 book "Orient Express", Russian official Konstantin Pulikovsky described a three-week journey to Moscow by Kim Jong Il, Kim Jong Un's father and predecessor. The wheels of Kim Jong Un's train must be changed in Russia or a North Korean station bordering Russia, because the two countries use different rail gauges, Ahn said. The train was "a sweet home and an office," for Kim Jong Il, state television has said.

Persons: Kim Jong, Kim, Putin, Ahn Byung, Ahn, " Ahn, Konstantin Pulikovsky, Kim Jong Il, Georgy Toloraya, Toloraya, Kim Il Sung, Kim's, Kim family's, Josh Smith, Gerry Doyle Organizations: North, NK News, WHO, THE Locations: SEOUL, Russia, China, Vietnam, Korean, North Korean, Moscow, Bordeaux, Beaujolais, Paris, Russian, North Korea, Koreans

☆ Inside North Korean leader Kim Jong Un's armoured train
▼ + stars: | 2023-09-12 | by ( Ju-Min Park | ) www.reuters.com time to read: +4 min

North Korean leader Kim Jong Un waves from a private train as he departs Pyongyang, North Korea, to visit Russia, September 10, 2023, in this image released by North Korea's Korean Central News Agency on September 12, 2023. It is unclear how many trains North Korean leaders have used over the years, but Ahn Byung-min, a South Korean expert on North Korean transportation, said multiple trains were needed for security reasons. "Even if it is slow, train is safer and more comfortable than anything else for a North Korean leader," Ahn said. In the 2002 book "Orient Express", Russian official Konstantin Pulikovsky described a three-week journey to Moscow by Kim Jong Il, Kim Jong Un's father and predecessor. The wheels of Kim Jong Un's train must be changed in Russia or a North Korean station bordering Russia, because the two countries use different rail gauges, Ahn said.

Persons: Kim Jong, Kim, Putin, Ahn Byung, Ahn, " Ahn, Konstantin Pulikovsky, Kim Jong Il, Georgy Toloraya, Toloraya, Kim Il Sung, Kim's, Kim family's, Josh Smith, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, NK News, WHO, THE, Thomson Locations: Pyongyang, North Korea, Russia, Rights SEOUL, China, Vietnam, Korean, North Korean, Moscow, Bordeaux, Beaujolais, Paris, Russian, Koreans

U.S. Treasury yields were little changed Tuesday as investors considered the outlook for the economy, especially regarding inflation, and how it may be linked to Federal Reserve monetary policy. Investor attention was focused on key inflation data due later in the week that could inform the Fed's interest rate policy. August consumer inflation data is expected Wednesday, followed by wholesale inflation figures for the same month on Thursday. Investors will be scanning the data for hints about whether the central bank is likely to hike interest rates again this year. That has sparked renewed concerns among investors about what higher interest rates could mean for the economy and if a recession is looming.

Organizations: Treasury, U.S, Federal Reserve, Fed, European Central Bank

Search resuls for: "Min"

25 mentions found