DIRS.INFO The most relevant business & tech news

Though Austria is a member of the European Union, its far-right party leading the polls has strong links with Russian President Vladimir Putin — the bloc’s arch nemesis. The chairman and top candidate of the Freedom Party of Austria Herbert Kickl waves to supporters after kicking off his party's electoral campaign on September 7, 2024 in Graz, Austria. Kickl’s vision is to build “Fortress Austria” and “Fortress Europe,” as he put it during a debate on Austrian public television Thursday night. In 2016, party leader Heinz-Christian Strache signed a formal “cooperation pact” with Putin’s United Russia party. The FPÖ’s return is far from certain, currently polling at 27%, narrowly ahead of the ruling Austrian People’s Party on 25% and the Social Democratic Party of Austria on 21%, according to European polling aggregator PolitPro.

Persons: that’s, Adolf Hitler —, it’s, Vladimir Putin —, Peter Filzmaier, Kerms, Herbert Kickl, ”, Hitler, Kickl, Freedom Party of Austria Herbert Kickl, Alex Halada, Nazi ”, “, Karl Nehammer, Andreas Babler, Joe Klamar, Gabriela Bacher, Donald Trump, Heinz, Christian Strache, Karin Kneissl, Putin, Strache, Victor Orban, Bacher Organizations: Freedom Party, NATO, Ukraine, Moscow, European Union, Gratz, Freedom Party of Austria, Getty, Immigrants, “, Austrian, Nazi, Austrian People’s Party, Social Democratic Party, NBC, Trump, NBC News, Putin’s United, Social Democratic Party of Austria Locations: Austria, Russia, Europe, Graz, AFP, East, North Africa, Jerusalem, Austrian, Vienna, American, Austrian Republic, Ukraine, Putin’s United Russia, Russian, Moscow, Slovakia, Hungary, Republic

☆ Chinese adoptees say they feel conflicted after China announces end to international adoptions
▼ + stars: | 2024-09-28 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +8 min

It comes after China greenlit international adoption in 1992, leading to roughly 160,000 Chinese children being adopted to other countries, with half going to the U.S. The slowed international adoption coincides with a 2016 reversal of China’s one-child policy, which limited each Chinese family to one child in order to control population growth. With the door closed on international adoption, Newton emphasized that in order for those currently in Chinese social welfare institutes to thrive in their birth country, they also need more support. “The situation truly is a little bit more complicated for these kids with intense disabilities, especially with the rising costs of living in China,” Newton said. Newton said adoptees are often seen as “perpetual children” whose points of view don’t need to be considered.

Persons: Maze Felix, ” Felix, they’re, Grace Newton, ” Newton, Newton, “, ’ ”, Mao Ning, ”, it’s, Monaco, adoptees, ” Monaco, didn’t, Katelyn Monaco, Felix, there’s, There’s Organizations: China, NBC News, Foreign, U.S, Research, Katelyn, Monaco, “ Locations: China, Cleveland, Beijing, Katelyn Monaco, Quincy , Massachusetts, Monaco, Los Angeles, Yangzhou, ’

Israel announced on Saturday that its forces have killed Hassan Nasrallah, the powerful leader of the Lebanese militant and political group, Hezbollah, in what would mark a major escalation amid mounting hostilities at its northern border with Lebanon. An Iranian woman hold a poster of Hezbollah Hassan Nasrallah, with text in Arabic reading: "At your service Nasrallah" during an anti-Israeli rally in Tehran, Iran, on Friday. Vahid Salemi / APEarlier on Friday, a Hezbollah spokesman had said Nasrallah, who was seldom seen in public, was not in one of the buildings struck by Israeli forces and was "fine." Hezbollah has vowed to continue its campaign against Israel until it ends its nearly yearlong offensive in Gaza. “Israel no longer seems to fear clashing head-on with Iran,” Hussain said, adding, “Israel will not fear entering a larger operation."

Persons: Israel, Hassan Nasrallah, Nasrallah, “ Hassan Nasrallah, Vahid, Bashar al, Assad, Amal, Sayyed Abbas Musawi, Ed Husain, Israel ”, “, ” Hussain, Najib Mikati, Benjamin Netanyahu, Netanyahu, Hussain, Husain, Biden Organizations: Lebanese, Israel Defense Forces, Hezbollah, NBC, Amal, Associated Press, Party, United, Council, Foreign Relations, Friday, NBC News, Hariri International, Lebanese Health Ministry, Reuters, Hamas, U.S . Locations: Lebanon, Iran, Beirut, Iranian, Tehran, Israel, Syria, Gaza, Karantina, Najaf, Iraq, Islam, Beqaa, U.S, United Nations, “ Israel, Dahieh, New York, Washington

But after the chaos of the last few months, one thing is certain: “Saturday Night Live” will be on hand to skewer it all. “SNL” alum Maya Rudolph will reprise her Emmy-winning role as Vice President Kamala Harris. “SNL” cast member James Austin Johnson will once again don a red tie to play former President Donald Trump. Bush (“Thousand points of light”) to Tina Fey as GOP vice presidential contender Sarah Palin (“I can see Russia from my house!”) during the 2008 election. “You have three people who are not as well known — Harris, Walz, Vance — so I think the caricatures on the show will help define who they are in the public imagination,” said Jones, the media professor.

Persons: Maya Rudolph, Kamala Harris, “, James Austin Johnson, Donald Trump, Jean Smart, Roll, Chevy Chase, Gerald Ford, Dana Carvey, George H.W, George H.W . Bush, Tina Fey, Sarah Palin, ’, ”, Jeffrey P, Jones, Rudolph, nodded, Harris, “ I’m, I’m, I’ve, Trump, Lorne Michaels, Alec Baldwin, “ Trump, James, ” Michaels, Tim Walz, Republican Sen, JD Vance, Ohio, Haley Joel Osment, Vance, ABC’s “ Jimmy Kimmel, Walz, Steve Martin, Martin, Joe Biden, — Harris, Vance —, Jason Reitman, Michaels, I’ll, Punkie Johnson, Molly Kearney, Chloe Troast, Ashley Padilla, Emil Wakim, Jane Wickline, Nate Bargatze, Ariana Grande, Stevie Nicks, Michael Keaton, Billie Eilish, John Mulaney, Chappell Roan Organizations: White, SNL, “ SNL, AARP, NBC, NBCUniversal, University of Georgia, Republican, Trump, Hollywood, Democratic Gov, Los Angeles Times, “, Coldplay Locations: George H.W ., Russia, Minnesota

Displaced people gather at Beirut's central Martyrs' Square, as Israel strikes Beirut's southern suburbs on September 28, 2024. Timour Azhari/ReutersIt was 3 a.m. and southern Beirut was under the most intense bombardment it had seen in nearly 20 years. These were the displaced from neighborhoods being pummelled by Israeli warplanes. As we crisscrossed the city in our car, the Israeli military issued fresh evacuation orders for the residents of not yet struck parts of southern Beirut. Meanwhile the people of Beirut wait to see what has become of their homes, their city and its civilians.

Persons: Timour Azhari, cradled, el Organizations: CNN Locations: Beirut's, Israel, Beirut

☆ Chicago White Sox lose 121st game this season, most in baseball history
▼ + stars: | 2024-09-28 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

The Chicago White Sox fell 4-1 to the Detroit Tigers on Friday for their 121st loss of the season, the most in MLB history. Chicago won 93 games and the American League Central division in 2021 but has been in a steady decline since. The White Sox won 81 games in 2022 and 61 last season. The White Sox began the season 3-22, the worst 25-game start in franchise history. After winning nine games each in May and June, the team won seven games combined in July and August.

Persons: They've, Andrew Vaughn Organizations: Chicago White Sox, Detroit Tigers, MLB, New York Mets, Chicago, American League Central, White Sox

☆ De-escalation in the Middle East is now up to Iran
▼ + stars: | 2024-09-28 | by ( Peter Gelling | ) www.businessinsider.com time to read: +4 min

AdvertisementIsrael's assassination of Hassan Nasrallah, the head of Hezbollah for over 30 years, is a major escalation in the Middle East conflict. A senior Iranian commander working with Nasrallah was also killed in the attack, Iranian state media confirmed on Saturday. AdvertisementIn the days after that attack, Iran telegraphed its response before launching hundreds of missiles and drones toward Israel in an unprecedented retaliation. AdvertisementIran's supreme leader, Ayatollah Ali Khamenei, in a statement released on Saturday, said Iran stands with Hezbollah but did not threaten any military response. Still, Israel, anticipating a response from Hezbollah and other proxies in the region, and possibly Iran as well, ordered its citizens to avoid large gatherings.

Persons: Hassan Nasrallah, Nasrallah, —, Israel, Mohammad Reza Zahedi, Slim, Ayatollah Ali Khamenei, Jonathan Panikoff Organizations: Service, Iranian Revolutionary Guard Corps, Force, Middle East Institute, Saturday, Israel Defense Forces, Atlantic Council Locations: Iran, Israel, Saudi Arabia, United States, Iranian, Damascus, Syria, Brig, Lebanon, Hamas, Gaza, Washington ,, Islamic Republic, Yemen, Tehran

☆ Iran weighs its next move as its closest ally takes a hit in Lebanon
▼ + stars: | 2024-09-28 | by ( Abbas Al Lawati | Mostafa Salem | ) edition.cnn.com time to read: +12 min

As Tehran watches its most prized non-state ally take a beating, questions are mounting about how it may respond. Israel then began an air assault that killed several Hezbollah commanders and led to the highest number of casualties in Lebanon in almost two decades. The Israeli military has claimed that Nasrallah has been killed, but Hezbollah is yet to comment on the matter. But it’s not an easy option as they will (become) targets, and they don’t understand Lebanon.”Under what circumstances would Iran intervene? This week however, Foreign Minister Abbas Araghchi warned that his country would not remain “indifferent” if a full-scale war between Israel and Hezbollah erupted in Lebanon.

Persons: CNN —, Israel, Hassan Nasrallah, Nasrallah, “, ”, Hanin Ghaddar, Amal Saad, Saad, … it’s, it’s, Ayatollah Ali Khamenei, Trita Parsi, Mohamed Azakir, Farzin, Nadimi, ” Saad, ” Parsi, Parsi, Masoud Pezeshkian, Javad Zarif, Donald Trump, Mike Segar, Pezeshkian, CNN’s Christiane Amanpour, Zarif, Ismail Haniyeh, Abbas Araghchi Organizations: CNN, Washington Institute, AFP, Cardiff University, Islamic Revolutionary Guard Corps, ”, Washington DC, Quincy Institute, American University of, American University of Beirut Medical Center, Islamic, United Nations, United Nations General Assembly, UN, Reuters, Israel, West, Assembly, UN Security Locations: Israel, Tehran, Gaza, Lebanon, Beirut, Wales, Tel Aviv, Lebanese, Iran, American University of Beirut, Damascus, United States, “, Iraq, Syria, Yemen, Islamic Republic, New York

☆ Hezbollah leader Hassan Nasrallah killed in strike, Israeli army says
▼ + stars: | 2024-09-28 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A portrait of Hezbollah chief Hassan Nasrallah sits amid destruction in a area targeted overnight by Israeli airstrikes in Saksakiyeh on September 26, 2024. The Israeli army on Saturday officially announced the killing of Hezbollah's leader Hassan Nasrallah, one day after carrying out a large-scale attack on Lebanon. Among other Hezbollah commanders, the IDF said Ali Karki, the commander of Hezbollah's southern front, was also killed in the strike. Israel's announcement marks what would be considered a monumental blow to Hezbollah after several months of conflict. The IDF said Nasrallah was the group's "central decision-maker" and "strategic leader."

Persons: Hassan Nasrallah, Nadav Shoshani, Nasrallah, Ali Karki Organizations: Saturday, Israel's Defense Forces, CNBC Locations: Saksakiyeh, Lebanon, Iran, Lebanon's, Beirut

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ Who was Hassan Nasrallah, the Hezbollah leader killed by Israel?
▼ + stars: | 2024-09-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Israel said on Saturday that Hezbollah leader Hassan Nasrallah had been killed. AdvertisementIsrael said on Saturday that Hezbollah chief Hassan Nasrallah had been killed in a targeted strike on the group's central headquarters in Beirut. AdvertisementHe took over Hezbollah in 1992 after Israel assassinated the group's previous leader and cofounder Abbas al-Musawi. Nasrallah gained widespread popularity for overseeing the Israeli withdrawal from Lebanon in 2000 and the so-called "divine victory" in the 2006 Lebanon War. The group's support from Sunni Muslims dropped due to its involvement in the fighting, per the CFR.

Persons: Israel, Hassan Nasrallah, Nasrallah, —, Abbas, Bashar al, Assad's ostracization, Hadi Organizations: Service, Foreign Relations, Israel Locations: Iran, Beirut, Hezbollah, Gaza, Palestine, Lebanon

☆ Harris tries to turn the tables on Trump by embracing the border as a key issue
▼ + stars: | 2024-09-28 | by ( Eric Bradner | ) edition.cnn.com time to read: +7 min

Harris, during her trip to the key swing state of Arizona, lambasted Trump for his role earlier this year in tanking a border security bill that was the product of months of bipartisan negotiations. “It was the strongest border security bill we have seen in decades. The Democratic offensive on immigration and border security is an attempt to cut into one of Trump’s clearest-cut political advantages. Another CNN poll conducted by SSRS released Friday found the two candidates tied in North Carolina at 48% each. And the CNN poll found the scandal-plagued Republican nominee for governor, Lt. Gov.

Persons: Kamala Harris, Donald Trump’s, Harris, Trump, Harris ’, Donald Trump, ’ ”, ”, amping, Harris “, nobody’s, SSRS, ” Harris, Helene, Tim Walz, Ohio Sen, JD Vance, Mark Robinson, Robinson, Patty Morin, Rachel Morin, Anne Fundner, Weston, Joe Biden, Biden, “, ” CNN’s Priscilla Alvarez, Ali Main, Ariel Edwards, Levy, Kit Maher Organizations: CNN, Democratic, Border Patrol, Minnesota Gov, Ohio, White, Trump, North, Republican, Gov, Republican National Committee, Republicans Locations: Arizona, tanking, Douglas, Mexico, Harris ’, Walker , Michigan, United States, Israel, Lebanon, Nebraska, Omaha, Michigan , Pennsylvania, Wisconsin, Georgia, Nevada, North Carolina, Harris ’ Arizona, El Salvador, California, Central America, Mexico City

☆ Elon Musk wants to put people on Mars by 2030. Don't count on it.
▼ + stars: | 2024-09-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Elon Musk set out SpaceX's timeline for getting humanity to Mars this week. He said SpaceX plans to send five Starship rockets to Mars in 2026, with crewed missions following two to four years later. AdvertisementElon Musk has set out his latest timeline for getting humans to Mars, and experts say it's a classic SpaceX move. The SpaceX founder said in a recent post on X that the company plans to launch around five uncrewed Starship rockets to Mars in 2026. AdvertisementSpaceX is planning to launch five uncrewed Starship rockets to Mars in the first window in 2026, according to Musk.

Persons: Elon Musk, —, Musk, Philip Metzger, Metzger, Peter Hague, Hague, Matthew Weinzierl Organizations: SpaceX, Service, NASA, Planetary Science, University of Central, Federal Aviation Administration, FAA, Harvard Business School Locations: Mexico, University of Central Florida, Mars

☆ Utilities are the hottest part of the stock market right now, on track for their best year since 2000
▼ + stars: | 2024-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Utility stocks this year have mounted a rally unseen in more than two decades. In the third quarter, utilities are the best out of 11 sectors that comprise the S & P 500, climbing 18%. As a group, utilities are poised to score their largest quarterly gain since George W. Bush was president in 2003. If that holds through yearend, utilities will see their biggest annual advance since 2000, when they surged more than 50%. "Utilities are the hottest sector in the market currently," Wolfe Research Rob Ginsberg said in a note to clients in August.

Persons: George W, Bush, Wolfe, Rob Ginsberg, hasn't, It's, buildout, Ginsberg, Subramanian, Wells Fargo, Christopher Harvey, Harvey, LSEG Organizations: Utilities, Federal Reserve, Bank of, Nasdaq, Bank of America, Constellation Energy, CenterPoint Energy Locations: yearend, The Texas, Houston

☆ Israel strikes Beirut suburb, Nasrallah's fate unclear after Friday's massive attack
▼ + stars: | 2024-09-28 | by ( ) www.cnbc.com time to read: +3 min

Residents check the damaged in the aftermath of overnight Israeli bombardment in Beirut's southern suburbs, on September 28, 2024. Smoke could be seen rising over the city's Hezbollah-controlled southern suburbs, known as the Dahiyeh. The Israeli military said a missile fired at central Israel on Saturday had struck an open area. There was no immediate confirmation of Nasrallah's fate after Friday's heavy strikes, but a source close to Hezbollah told Reuters he was not reachable. Israel has not said whether it tried to hit Nasrallah, but a senior Israeli official said top Hezbollah commanders were targeted.

Persons: Sayyed Hassan Nasrallah, Nasrallah, Sari, Muhammad Ali Ismail, Hossein Ahmed Ismail, Mark Daou, Walid Khayrallah Organizations: Reuters Locations: Beirut's, Israel, Lebanon, Iran, Beirut, Bekaa, Gaza, United States, Iranian, Tehran, Bhamdoun

☆ Harris' border visit isn't just aimed at Arizona. Immigration will also sway voters in states thousands of miles away.
▼ + stars: | 2024-09-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

AdvertisementHowever, even in battlegrounds like Michigan, Pennsylvania, and Wisconsin — far from the southern border — voters cite immigration as a top issue. (The economy was the top issue among likely voters overall, with 24% citing it as their most important issue, followed by abortion at 17%.) Related storiesAmong rural and small town voters, immigration (at 16%) ranked as their second most important issue, with only the economy coming out ahead. A newly released NBC News poll showed Trump with a 21-point lead (54% to 33%) over Harris among registered voters regarding border security. Trump has been highly critical of Harris' efforts to blast his border security stances.

Persons: Kamala Harris, Harris, —, Friday, Douglas —, Donald Trump, Trump, Joe Biden's, Douglas weren't, OLIVIER TOURON, Biden, needled Trump, Greg Abbott, Trump's Organizations: Service, Democratic, Arizona, Trump, New York Times, Siena College, Getty, Texas GOP Gov, White, NBC, North Carolina — Locations: Arizona, Mexico, tanking, Cochise County, battlegrounds, Michigan, Pennsylvania, Wisconsin, Milwaukee, Detroit, AFP, Chicago, New York, Harris, Georgia, North Carolina

☆ China stocks see best week since 2008 on stimulus impact as most Asia markets rise
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.nbcnews.com time to read: +4 min

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.

Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, ’ Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S

☆ Key Fed inflation gauge at 2.2% in August, lower than expected
▼ + stars: | 2024-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Economists surveyed by Dow Jones had been expecting all-items PCE to rise 0.1% on the month and 2.3% from a year ago. Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago, the 12-month number 0.1 percentage point higher than July. "All quiet on the inflation front," said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley. Personal income increased 0.2% on the month while spending rose 0.2%. At their meeting last week, policymakers indicated a likelihood of another half percentage point in cuts this year then a full point in reductions for 2025, though markets expect a more aggressive path.

Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: Commerce Department, Fed, Stock Locations: U.S

☆ Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus
▼ + stars: | 2024-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .

Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .

☆ Voters in Dalton, Georgia, stick with Trump despite Biden’s clean energy law that revived growth there
▼ + stars: | 2024-09-27 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +11 min

Dalton, Georgia CNN —The face of a new era in American manufacturing is here, just off Interstate 75, tucked into this northwest corner of Georgia. That’s where you’ll find the Qcells plant that pumps out 32,000 solar panels a day and has a total panel production capacity of 5.1 gigawatts. They’re contributing back into the local community, paying taxes,” Nash said. The Qcells solar panel plant in Dalton, Georgia CNNTrump strikes a chordLocated in the congressional district represented by GOP firebrand Marjorie Taylor Greene, Dalton is Trump country. “You want to ask me that after November?” Nash, the Qcells plant manager, responded when asked about the future for the industry.

Persons: Dalton, ”, Lisa Nash, “, didn’t, it’s, ” Nash, Biden, “ We’ve, Scott Moskowitz, Kamala Harris, Andi Rice, she’s, Kimberly Richardson, Harris, Richardson, Qcells, ” Richardson, Donald Trump, ” Kasey Carpenter, Dalton , Georgia CNN Trump, Marjorie Taylor Greene, ” Carpenter, Trump, George, Kasey Carpenter CNN, Brian Kemp –, can’t, Matt Santini, CNN's Phil Mattingly, “ It’s, ” Santini, Carpenter, –, there’s, Mattingly, It’s, ‘ Don’t Organizations: Georgia CNN, CNN, Bloomberg, Getty, Republican, Dalton , Georgia CNN, GOP, Republican Gov, Biden, Trump, Oakwood Locations: Georgia, That’s, Dalton, Qcells, Dalton , Georgia, United States, Trump, Cartersville , Georgia, Atlanta

☆ Asia-Pacific markets mostly gain as China stimulus measures come into effect; Hong Kong set to rise 3%
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.

Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's

☆ Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month high
▼ + stars: | 2024-09-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The e-commerce giant's shares in Hong Kong are around 18% higher this week. Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China's central bank announced measures to stimulate the world's second-largest economy. Prior to the cuts, investors had been cautious on Chinese tech stocks like Alibaba and Meituan which are sensitive to the economy and consumer in China. However, big-name investor have started to strike a bullish tone on Chinese stocks. Despite the latest upswing, Chinese tech stocks remain significantly off their all-time highs hit in 2021.

Persons: Alibaba, David Tepper, Evelyn Cheng Organizations: Hong, Hang Seng Tech, Hong Kong, People's Bank of, Billionaire, CNBC, U.S . Federal Reserve, Baidu Locations: U.S, Hong Kong, People's Bank of China, China

China's industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday. Industrial profits covers factories, mines and utilities in China. Sluggish domestic demand, a prolonged housing downturn and rising unemployment have weighed on the world's second largest economy. In August, China's industrial activity, retail sales and urban investment all grew slower than expected, with retail sales rising by barely more than 2% and industrial production by 4.5% from a year ago. The urban unemployment rate was 5.3% in August, an uptick from 5.2% in the previous month.

Persons: China's, Xi Jinping, Pan Gongsheng Organizations: National Bureau of Statistics, People's Bank of China Locations: China's, Jiangsu, China, Beijing

☆ Oil prices fall as expectations of higher supplies hammer market sentiment
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. "The big-ticket items on the markets radar this week have been Libya and OPEC+," analysts at FGE Energy told clients on Thursday. A media report on Wednesday claimed the previously announced reversal is due to Saudi Arabia's decision to abandon a $100 oil price target and gain market share, causing oil prices to slide by 3% in the previous session. Still, the report has set off renewed speculation about a battle for market share at a time that investor sentiment was already at record lows, FGE noted.

Persons: Brent, Daniel Hynes, FGE Organizations: OPEC, Brent, U.S, West Texas, FGE Energy, Central Bank of, ANZ Bank, Organization of Petroleum, Reuters, ICE Brent Locations: Libya, OPEC, Central Bank of Libya, Saudi, Saudi Arabia

☆ Best Buy gets a big Wall Street endorsement that's in-line with why we own the stock
▼ + stars: | 2024-09-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Despite Thursday's gains, Wells Fargo shares are having a tough month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stanley Black, Decker, Wells Fargo, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Treasury, JPMorgan, Wells, Bloomberg, Fed

Search resuls for: "Central Visual

25 mentions found