DIRS.INFO The most relevant business & tech news

☆ Japan’s Kishida says he will not run in September, paving the way for a new prime minister
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +1 min

TOKYO — Japanese Prime Minister Fumio Kishida, in a surprise move Wednesday, announced he will not run in the upcoming party leadership vote in September, paving the way for Japan to have a new prime minister. Kishida was elected president of his governing Liberal Democratic Party in 2021 and his three-year term expires in September. His drop out of the race means a new leader who wins the party vote will succeed him as prime minister because the LDP controls both houses of parliament. Local election losses earlier in the year eroded his clout, and LDP lawmakers have voiced the need for a fresh face ahead of the next general election. It involved more than 80 LDP lawmakers, mostly belonging to a major party faction previously led by assassinated former Prime Minister Shinzo Abe.

Persons: Fumio Kishida, Kishida, Shinzo Abe, — Organizations: Liberal Democratic Party Locations: TOKYO, Japan

☆ Here's who could succeed Japan Prime Minister Fumio Kishida as LDP leader
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's who could succeed Japan Prime Minister Fumio Kishida as LDP leaderSome names have emerged as potential candidates to succeed Japan’s Prime Minister Fumio Kishida after he decided to not run in the Liberal Democratic Party presidential election due next month. His announcement effectively means he would step down as prime minister when the party elects a new leader.

Persons: Fumio Kishida Organizations: Japan, Japan’s, Liberal Democratic

☆ US Open wildcards: Former champions Dominic Thiem, Naomi Osaka, Stan Wawrinka headline
▼ + stars: | 2024-08-14 | by ( James Hansen | ) www.nytimes.com time to read: +2 min

The US Open has announced its singles wildcards for 2024, led by former champions Dominic Thiem, Naomi Osaka, Stan Wawrinka, and Bianca Andreescu. Thiem won the tournament in 2020, beating Germany’s Alexander Zverev in the eerie surrounds of an empty Arthur Ashe stadium during the Covid-19 pandemic. Wawrinka, who beat Novak Djokovic to win the 2016 edition, is currently ranked No 141. Osaka is currently world No 90, with Andreescu world No 166. GO DEEPER Naomi Osaka, The Comeback Interview: A tale of pregnancy, fear and a ballerinaOf the home hopes, Tien and Anisimova stand out.

Persons: Dominic Thiem, Naomi Osaka, Stan Wawrinka, Bianca Andreescu, Chris Eubanks, Zachary Svajda, Matthew Forbes, McCartney Kessler, Amanda Anisimova, Alexa Noel, Iva Jovic, Chloe Paquet, Taylah Preston, Alexandre Muller, Tristan Schoolkate, Thiem, Germany’s Alexander Zverev, Arthur Ashe, Wawrinka, Novak Djokovic, Serena Williams, Williams, Tien, Jessica Pegula, Billie Jean King, Coco Gauff Organizations: Thiem, Japan’s Osaka, Canada’s, French, Challenger, ITF, WTA, Billie Jean King National Tennis Centre Locations: Vienna, Osaka, Tien, Toronto, Flushing Meadows

Tokyo CNN —Japanese Prime Minister Fumio Kishida will not run for a second term as leader of the long-ruling Liberal Democratic Party (LDP) next month following a series of political scandals that have fueled calls for him to resign. The most obvious first step, to show that the LDP will change, is for me to step aside,” he said. Concerns about Japan’s economy, including the weakening of the yen against the US dollar, have also undermined confidence in Kishida’s economic policies. He had previously denied he would step down as party leader despite public criticism and sinking disapproval ratings. His decision to quit comes a month before LDP elections are slated, with the date in September yet to be announced.

Persons: Fumio Kishida, Kishida, ”, “, Joe Biden’s Organizations: Tokyo CNN, Japanese, Liberal Democratic Party, LDP, . Locations: Japan, Kishida, Ukraine

☆ Japan’s Leader, Fumio Kishida, Will Step Down
▼ + stars: | 2024-08-13 | by ( River Akira Davis | More About River Akira Davis | ) www.nytimes.com time to read: 1 min

Japan’s prime minister, Fumio Kishida, intends to step down next month, bowing to pressure within his party to move on from his unpopular leadership, news outlets reported. Mr. Kishida has informed officials in his administration of his intention not to run in a governing-party election in September, according to Japanese news outlets, including the national broadcaster NHK and Kyodo News. The winner of that election will become the prime minister. Mr. Kishida, who has been prime minister since 2021, will hold a news conference Wednesday morning, according to a spokesperson for his office. This is a developing story.

Persons: Japan’s, Fumio Kishida, Kishida Organizations: NHK, Kyodo News

☆ Nankei Trough advisory: Japan is bracing for a once-in-a-century earthquake. Does it need to?
▼ + stars: | 2024-08-12 | by ( Jessie Yeung | Hanako Montgomery | ) edition.cnn.com time to read: +11 min

A special committee warned that another “major earthquake” could hit in the coming week – the first time in its history the body had issued this type of nationwide advisory. Then there’s the looming threat of the Nankai Trough megathrust earthquake – the most powerful of its kind, with magnitudes that can exceed 9. Japan’s government has warned of the possible Nankai Trough quake for so many years that the possibility of it occurring has become common knowledge. The ‘big one’The Nankai Trough is a 700-kilometer long (435-mile) subduction zone, which refers to when tectonic plates slip beneath each other. “I tell (my students), the Nankai Trough earthquake will definitely come, whether it’s your generation or your children’s generation,” he said.

Persons: ”, Shoichi Yoshioka, ” Yoshioka, Kim Jae, it’s, “, Robert Geller, It’s, Yoshioka, Geller, ” Geller, Yota, Mashiro Ogawa, Megumi Sugimoto, “ It’s, Shuhei Yokoyama, there’s, Sugimoto Organizations: Tokyo CNN, Japan’s Kobe University, “, Residents, Getty, government’s Earthquake Research, Kobe University, University of Tokyo, Asahi Shimbun, Osaka University Locations: Japan, Europe, United States, Ishinomaki, Miyagi prefecture, AFP, Nankai, Philippine, Tokyo, Noto Peninsula, Wajima City, Noto, Fukuoka, Kyushu, Kumamoto

☆ These cities will be too hot for the Olympics by 2050
▼ + stars: | 2024-08-11 | by ( Lou Robinson | Angela Dewan | ) edition.cnn.com time to read: +8 min

The only certainty about Summer Olympics weather is that there’s really no certainty at all. In other words, holding the Summer Games in these cities would be a huge health risk for the athletes. The Games held in 1996 in Atlanta simply wouldn’t be possible in 2050. They may not againSome of the cities that have already hosted the Summer Games will be way beyond safe temperatures by 2050. Beijing, which hosted in 2008, would be much too hot and humid, with heat stress forecast to soar past 90 degrees.

Persons: CarbonPlan, Spain’s, Oriana Chegwidden, ”, It’s, —, exertional, Yuri Hosokawa, Exertional heatstroke, they’re, ” Hosokawa, Hosokawa, “ Organizations: CNN, Olympics, Brisbane, Doha, Southern, Waseda University Locations: CarbonPlan, Gulf of Mexico, Florida, Texas, Atlanta, China, Beijing, Shanghai, Hong Kong, Southeast Asia, Sydney, di Janeiro, Europe —, London, Oslo, Stockholm, Palermo, Sicily, Spain’s Seville, Los Angeles, Australian, Queensland, Brisbane, India, Ahmedabad, Indonesia, Nusantara, Qatar, Turkey, Istanbul, Poland, Chile, Warsaw, Santiago, Doha, Athens, Rome, Tokyo, Seoul, Barcelona, Australia, Rio de Janeiro, Sapporo, Japan

☆ Why Japan issued its first-ever 'megaquake advisory' — and what that means
▼ + stars: | 2024-08-10 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

The Summary Japan’s meteorological agency on Thursday issued its first-ever “megaquake advisory.”The warning followed a 7.1-magnitude earthquake off the country’s southern coast. Subduction zone faults build stress, and a so-called megathrust earthquake takes place when a locked fault slips and releases that stress. In the U.S., the Cascadia subduction zone off the West Coast runs from Vancouver Island, Canada, to Cape Mendocino, California. A beach is closed in Nichinan in southwestern Japan on Friday, after the country's issued its first warning about a possible megaquake. Large Nankai Trough earthquakes tend to come in pairs, with the second often rupturing in the subsequent two years.

Persons: AP Harold Tobin, “, ” Tobin Organizations: Philippine, West Coast, Kyodo, Reuters, Japan’s Earthquake Research, United States Geological Survey, AP, University of Washington Locations: Nankai, Japan, U.S, Cascadia, Vancouver Island, Canada, Cape Mendocino , California, Nichinan, Miyazaki

☆ What to watch at Olympics today: Women’s soccer, men’s hoops — and 37 other gold medal events
▼ + stars: | 2024-08-10 | by ( Lukas Weese | ) www.nytimes.com time to read: +7 min

Sophia Smith scored in extra time against Germany in the semifinals to advance to the gold medal match. A win would clinch their fifth Olympic gold medal. Bercy Arena in Paris will be loud as the home crowd looks to push France to its first gold medal. The men’s 800m, women’s javelin, women’s 100m hurdles, men’s 5000m and women’s 1500m are the other events to cap off the Paris athletics competition. #ParisOlympics 📺 NBC & Peacock pic.twitter.com/ZM6qaYCQOw — NBC Olympics & Paralympics (@NBCOlympics) August 9, 2024Sha’Carri Richardson has her gold medal.

Persons: USWNT, Trinity Rodman, Emma Hayes, Sophia Smith, Hayes ’, Rodman, Smith, Mallory Swanson —, Mallory Swanson, Sophia Smith & Trinity Rodman, @teamusa @USWNT, It’s, Marta, Stephen Curry, LeBron James, Steph Curry, Guerschon Yabusele, Isaia Cordinier, Victor Wembanyama, Joel Embiid, Les, Embiid, Gianmarco, Patrick Smith, Sydney McLaughlin, she’s, Quincy Wilson, Quincy Hall, Mutaz Barshim, Victor Montalvo, Victor, ”, Houston’s Jeffrey Louis, “, Jeffro, Louis, Lydia Ko, Pierre, Philippe Marcou, United States ’ Rose Zhang, Miyu Yamashita, Metraux, Nelly Korda, Zhang, SHA’CARRI RICHARDSON Organizations: Paris Olympics, Stade de France, NBC, Telemundo, women’s, Trinity, Japan, Germany, Brazil, Sophia Smith &, France, Bercy, U.S, NBA, Quincy, Olympic, Paris, Florida, Getty, Le, United, Team Locations: U.S, Paris, Brazil, United States, France, Serbia, Qatar, Italy, Tokyo, American, AFP

☆ Breaking explodes onto Paris' La Concorde, exciting spectators in its first Olympic showing
▼ + stars: | 2024-08-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +8 min

Lithuania's Dominika Banevič, known as Nicka, at La Concorde in Paris on Friday. Lithuania's Dominika Banevič known as Nicka, Japan's Ami Yuasa known as Ami, and China's Liu Qingyi known as 671 at La Concorde in Paris, on Friday. Odd Andersen / AFP - Getty ImagesUsually the Place de la Concorde is a busy traffic intersection. Team USA's Logan Edra, known as Logistx, competes in the breaking round-robin at the Olympics in Paris, on Friday. On Saturday, USA's B-Boys Victor and Jeffro will be among the athletes competing in the men's try of Olympic breaking, wrapping the sport's Paris showing.

Persons: Japan’s Ami, Lithuania's Nicka, Ami, Nicka, Dominika, Odd Andersen, Elsa, Getty, India —, Japan's Ami Yuasa, China's Liu Qingyi, La Madeleine, Malik, —, Sunny, Logistx, USA's Logan Edra, It’s, Ava Rodriguez, Rodriguez, Alison Palaia, Eric Quinlan, ”, Quinlan, “ We’ve, Palaia, “, USA's, Boys Victor, Jeffro, Alexander Smith, Rebecca Cohen Organizations: PARIS, La Concorde, AFP, Getty, Team USA, China's, Team United States, Nicka, Concorde, La, U.S, Los Angeles Games, Olympics, Boys Locations: Japanese, Lithuanian, Paris, Bronx, New York City, Netherlands, India, Carlota, Luxor, France, America, Norwalk, Conn, U.S, ”

☆ Markets saw a massive shift this week. Here’s what happened
▼ + stars: | 2024-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —After a prolonged period of calm, financial markets went into a tailspin this week. One trigger for the selloff was the unraveling of the Japanese yen carry trade. Some investors say there could be more volatility to come, particularly since it’s unclear how much more the yen carry trade could unwind. The carry trade is “enormous. The unwinding of the carry trade and weak labor data came at a delicate time rife with uncertainty for Wall Street.

Persons: Wharton, Jeremy Siegel, Siegel, ”, Steve Sosnick, Joe Biden, Donald Trump, Dow, Liz Young Thomas Organizations: New, New York CNN, Nikkei, Dow, Nasdaq, Bank of Japan, Companies, Federal Reserve, Investors, CNBC, Interactive Brokers, Markets, Republican, Home Depot, Walmart Locations: New York, Israel, Ukraine, Russia

☆ Japanese yen carry trade: A very popular trading strategy just blew up in investors’ faces
▼ + stars: | 2024-08-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

When you hear commentators talking this week about the “yen carry trade” or the “great unwind,” they’re referring to a popular trading strategy that is, suddenly, blowing up in investors’ faces. The carry trade, explainedPut simply: A carry trade is when you borrow money in a place where interest rates are low and use it to invest elsewhere in assets that generate some kind of return. “That is bonkers.”The yen carry trade proved especially popular in the last four years, because Japan was the only major economy in the world offering essentially free money. The carry trade relies on borrowing, which means it’s a leveraged position. “The carry trade unwind… is somewhere between 50%-60% complete.”In other words: Buckle up, and don’t panic.

Persons: CNN Business ’, ”, John Authers, “, it’s, John Sedunov, Kit Juckes, ” Sedunov, Arindam Sandilya, JPMorgan Chase, Buckle Organizations: CNN Business, New York CNN, Wall, ” Bloomberg, Treasury, Villanova School of Business, Bank of Japan, Federal Reserve, Societe Generale, JPMorgan, Bloomberg Locations: New York, Japan, Europe

☆ Nikkei 225: Asian markets make solid gains following global rout
▼ + stars: | 2024-08-07 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The gains follow days of volatility, which saw the Nikkei suffering Monday its biggest daily loss since 1987. “We won’t raise interest rates when financial markets are unstable,” he was quoted as saying in a speech to executives in the northern Japanese city of Hakodate. The central bank has hiked interest rates twice this year in a bid to contain inflation. Decades of extremely low interest rates in Japan had seen many investors borrow cash cheaply there before converting it to other currencies to invest in higher-yielding assets.

Persons: Shinichi Uchida, Kospi, Hong, Taiex, Uchida, ”, Olesya Organizations: Hong Kong CNN, Nikkei, Bank of Japan, US, Dow, Nasdaq Locations: Hong Kong, Asia, South, Hakodate, “, Japan, Europe, London

Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. The Bank of Japan raising rates to their highest level since 2008 on July 30 caused the yen to strengthen to a seven-month high, pressurizing stocks. Markets globally were also spooked by fears of a U.S. recession stoked by a weaker-than-expected jobs report. Real wages in Japan also grew 1.1% in June compared with a year ago, the first time that wages have risen in 26 months. Strong wage growth offers more room for the Bank of Japan to tighten its monetary policy.

Persons: Topix, Korea’s Kospi, Hong, Australia’s, Brent, Dow Organizations: Nikkei, Bank of, Softbank Group Corp, U.S ., South Korean, Samsung Electronics, chipmaker SK Hynix, China’s CSI, . West Texas, Bank of Japan, Reserve Bank of Australia, Dow, Nasdaq Locations: Japan, Asia, Pacific, Bank of Japan, U.S

☆ What to watch at the Olympics today: Elimination games for U.S. women’s soccer and men’s basketball
▼ + stars: | 2024-08-06 | by ( Lauren Merola | ) www.nytimes.com time to read: +7 min

There are six days of Olympic competition left and only four women’s soccer teams remain vying for gold. It’s also win or go home for the U.S. men’s basketball team, which went undefeated in pool play to emerge as the No. Trinity Rodman celebrates with Emily Fox after scoring the winning goal against Japan during the women’s quarterfinals of the Paris Games. Durant needs just four more points to become USA Basketball’s all-time leading scorer at the Olympics for both the men’s and women’s programs. The men’s long jump final, men’s 1,500-meter final, women’s 3,000-meter steeplechase and women’s 200-meter final close out a five-medal day in athletics.

Persons: It’s, Trinity Rodman, Emily Fox, Brad Smith, Rodman, Mallory Swanson, Sophia Smith —, Kevin Durant, Anthony Edwards, LeBron James, Durant, Lisa Leslie, Jayson Tatum, Steve Kerr, Holiday, Long, DeAnna Price, Annette Echikunwoke, Echikunwoke, Price, Poland’s Anita Wlodarczyk, Saint Lucia’s Julien Alfred —, Gabby Thomas, Wally Skalij, Sara Hughes, Kelly Cheng, Tanja Hüberli, Nina Brunner, Hughes, Cheng, Italy’s Valentina Gottardi, Marta Menegatti, Alexandra Klineman, Ross, Kerri Walsh Jennings, Jennings, Misty, Treanor, elly C heng!, E, mpics & Organizations: U.S, Japan, Paris Games, Getty, USA Network, Telemundo, United, Canada, Tokyo, Lyon, Germany, Trinity, USA, Bercy Arena, Team USA, NBA, Puerto Rico, Olympics, thwarts, Brazil, NBC, Stade de France, Olympic, Rio Games, Don’t, Eiffel, Los Angeles Times, Swiss, ris Locations: United States, Germany, Paris, U.S . Japan, Japan, Lille, Serbia, South Sudan, Puerto Rico, Brazil, France, USA, thwarts Puerto Rico, U.S, Tokyo, Canada, Rio

☆ U.S. recession fears spark selloff in international markets
▼ + stars: | 2024-08-05 | by ( David Hodari | David Hodari Is A London-Based Editor. | ) www.nbcnews.com time to read: +2 min

LONDON — U.S. stocks are on course to open in the red Monday, with Japanese stocks suffering their worst day of trading since the 1980s and a global equities sell-off intensifying over fears of a U.S. economic slowdown. The Nikkei’s 12.4% fall marked the worst day for the Japanese index since 1987’s “Black Monday” — the sudden and unexpected stock market crash that raised fears of a depression. Noriko Hayashi / Bloomberg via Getty ImagesIn recent weeks, rising concerns around a potential U.S. recession have spooked investors. A rise in the value of the Japanese yen against the U.S. dollar — making Japanese assets more expensive for holders of other currencies — has also likely played a role in the selling. Even so, some investors put their money into U.S. Treasury bonds — so-called ‘haven’ assets that act as stores of wealth in volatile moments.

Persons: Noriko Hayashi, Japan’s, Shunichi Suzuki, “, ” Suzuki, ” Organizations: LONDON, Dow Jones, Nasdaq, Tokyo Stock Exchange, Bloomberg, Getty, Federal Reserve, Labor, U.S ., Treasury Locations: U.S, Europe

☆ Japan stocks plunge as much as 7%, hovering near bear market territory, as Asia shares extend sell-off
▼ + stars: | 2024-08-05 | by ( Lim Hui Jie | ) www.nbcnews.com time to read: +2 min

Japan’s markets led losses in the region as the Nikkei 225 and Topix dropped as much as 7% in volatile trading. At these levels, both the Nikkei and Topix are nearing bear market territory, having fallen almost 20% from their all-time highs on July 11. Monday’s decline follows Friday’s rout when Japan’s Nikkei 225 and Topix fell more than 5% and 6%, respectively. The broader Topix marked its worst day in eight years, while the Nikkei marked its worst day since March 2020. The Nasdaq was the first of the three major benchmarks to enter correction territory, down more than 10% from its record high.

Persons: Topix, “, Australia’s, Kospi Organizations: Nikkei, Mitsubishi, Mitsui, Co, Sumitomo, Topix, Reserve Bank of Australia, Reuters, CSI, Nasdaq, Dow, Dow Jones Locations: Asia, Pacific, China, Taiwan, Australia, India, U.S

Hong Kong/London CNN —Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a tentative recovery on global markets. Markets around the world plunged during Monday’s session when a combination of fears about a slowing US economy, rising Japanese interest rates and crumbling tech stocks combined to trigger a meltdown. The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “It is too early to conclude that the Japanese stock market has hit a bottom,” they said, adding that any recovery would likely only occur after Japanese companies report first-half earnings in October, or even after the US presidential election in November. A stronger yenJapan’s stock market, in particular, was hard-hit by the rapid appreciation of the yen, which undermines the export competitiveness of the country’s manufacturers.

Persons: clawing, Kospi, ” Neil Newman, ”, “, Stephen Innes, ” Newman, Newman, Fumio Kishida Organizations: London CNN, Nikkei, Nasdaq, Advisory, CNN, UBS Chief Investment, Moody’s, Bank of Japan, Management, Tokyo “, Traders, Reuters Locations: Hong Kong, London, Asia, South, Taiwan, Europe, Japan, Tokyo, South Korea

☆ Stocks in Asia Rebound After a Day of Wild Selling Worldwide
▼ + stars: | 2024-08-05 | by ( River Akira Davis | More About River Akira Davis | ) www.nytimes.com time to read: +1 min

On Friday, a report on American jobs showed a considerable slowdown in hiring, prompting a sell-off in U.S. markets. The Fed is expected to start cutting rates, which are at a more-than-two-decade high, later this year. The currency’s rise spooked investors, some of whom feared a stronger yen would spell the end of a more-than-yearlong rally in Japanese stocks that had been driven by a weakened currency. A popular trade among some investors involved borrowing in yen, and then investing it in markets like the U.S. But as the strength of the dollar this year began to ebb, profits from that trade also started to reverse course.

Organizations: Federal, Bank of Japan Locations: U.S, Japan

Signs of a slowing U.S. economy sowed panic among investors on Monday, with a sell-off in markets that began last week turning into a global rout. The moves were a sharp reversal in major stock markets, which for much of the past year have risen to new heights, propelled by optimism about cooling inflation, solid labor markets and the promise of artificial intelligence technology. South Korea’s benchmark Kospi index fell more than 10 percent at one point. Japanese stocks have been on a tear for more than a year, fueled by a weak Japanese yen. Adding to the pressure, foreign investors have started selling off positions in Japanese stocks over the last few weeks.

Persons: ”, Andrew Brenner, Goldman Sachs, Goldman, Jordi Basco Carrera, ’, Basco Carrera, Jitters, Jesper Koll, Koll, John Liu, Melissa Eddy Organizations: Federal, Nasdaq, National Alliance Securities, Equity, Technology, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Nvidia, Intel, Allianz, Monex, Bank of Japan, Tokyo Stock Exchange Locations: Asia, Europe, Americas, Japan, U.S, Taiwan, Singapore, Australia, Hong Kong, China, Stocks, India, Netherlands, Switzerland, New York, Munich, “, New, Seoul, Berlin

☆ Why the stock market is freaking out again
▼ + stars: | 2024-08-05 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

The Dow tumbled more than 1,000 points at the open, and the broader market plunged 3% Monday. The Nasdaq, full of risky tech stocks, dropped 3.7%. Although that’s not in and of itself an unhealthy unemployment rate, its sudden march higher is alarming: Last year, the unemployment rate was at its lowest level since the moon landing. Traders are beginning to unwind big trades on Apple, Nvidia, Microsoft, Meta, Amazon, Alphabet and other tech stocks that had been surging since the beginning of last year. Monday’s rout, if it ends at current levels, wouldn’t even crack the top 100 worst days in market history.

Persons: Dow, that’s, Goldman Sachs, That’s, Jeremy Siegel, “, ”, Siegel, Stocks, it’ll, Warren Buffett, Berkshire Hathaway Organizations: CNN, Nasdaq, Nikkei, Federal Reserve, of Labor Statistics, Citigroup, JPMorgan, CNBC, Traders, Apple, Nvidia, Microsoft, Meta, Berkshire Locations: Wall

☆ Opinion | The Economist Who Predicted What Could Well Be the Next Recession
▼ + stars: | 2024-08-05 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

The economist and market strategist David Rosenberg took a lot of heat for predicting that the Federal Reserve’s big increase in interest rates would tip the U.S. economy into recession. “I spent most of the past year being absolutely beaten up,” he told me last week. “I had email from clients that you would not believe, and many cancellations.”The latest economic data, including a sharp slowdown in job growth in July, is indicating that Rosenberg may well have been right all along. I asked him if he feels vindicated. Stocks also slumped in Europe and were off to a bad start in the United States on Monday as I was finishing this newsletter.

Persons: David Rosenberg, ”, “, Rosenberg, Stocks Organizations: Federal, Nikkei Locations: U.S, Europe, United States

☆ Israel’s ambassador to Japan criticizes Nagasaki’s peace ceremony invitation snub
▼ + stars: | 2024-08-05 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

The decision by Nagasaki contrasts with that of Hiroshima, which hosts its ceremony on Tuesday and has invited Israel. Nagasaki’s mayor Shiro Suzuki told reporters last week that Israel’s exclusion from Friday’s upcoming memorial was due to security concerns and was not a political decision. CNN has reached out to the Nagasaki authorities for comment. But he pointed out authorities in Hiroshima took no issue with security over Israel’s attendance. Kyodo News/Getty ImagesThe diplomat noted that Iran, which backs both Hamas and Hezbollah, is set to attend the Nagasaki ceremony.

Persons: CNN —, Israel, Shiro Suzuki, “, ”, Gilad Cohen, Cohen Organizations: CNN, Hamas, Hiroshima Peace, Kyodo, ” CNN Locations: Japan, Nagasaki, Hiroshima, Israel, Gaza, Russia, Belarus, Ukraine, Tokyo, ”, Iran

☆ Japan’s Yui Susaki: The first ‘grand slam’ wrestler in history aiming to dominate at Paris Olympics
▼ + stars: | 2024-08-05 | by ( Andrew Mcnicol | Mayumi Maruyama | ) edition.cnn.com time to read: +4 min

CNN —She only recently turned 25, but Yui Susaki is already a reigning Olympic gold medalist and four-time world champion, and is widely touted as the best pound-for-pound freestyle wrestler in the world. Yui Susaki celebrates with her coaches after winning gold in the Women's Freestyle 50kg final at the Tokyo 2020 Olympics. The Asahi Shimbun/Getty ImagesShe is also the first wrestler in history to achieve a “grand slam” in the sport – becoming world champion at U15s, U17s, U20s, U23s, senior and Olympic level. The Russian is the reigning Olympic champion in the men’s 74kg category. But the three-time world champion will not compete in Paris, focusing instead on his transition to mixed martial arts.

Persons: Yui Susaki, –, ” Susaki, Shoko Yoshimura, Susaki, ”, “, Zaurbek, I’ve, ” Sidakov, ” Yui Susaki, Sachiko Hotaka ‘, Mayu Mukaida, Risako Kawai, Yukako Kawai, Himari Semans Organizations: CNN, Paris, Games, ”, Tokyo Games, Asahi Shimbun, U15s, U17s, U20s, U23s, Olympic, Wrestling, Team Japan Locations: Tokyo, Paris, Chiba prefecture, Los Angeles, Brisbane, Dagestan, Russian, Niigata, Japan

☆ Scottie Scheffler wins Olympic gold medal with final-round 62, Tommy Fleetwood takes silver
▼ + stars: | 2024-08-04 | by ( Brendan Quinn | ) www.nytimes.com time to read: +5 min

The Olympic men’s golf competition was in the hands of Jon Rahm. In the battle for bronze, Japan’s Hideki Matsuayama shot a final-round 65 to finish at 17-under-par, two shots behind Scheffler and one behind Fleetwood. Scheffler has won seven of his last 11 outings, all coming in majors or signature events with limited fields. The biggest winner this week was perhaps golf as an Olympic sport. Massive crowds all three days, genuine Olympic energy, and a star-stacked leaderboard proved the sport has a place in the Games.

Persons: Scottie Scheffler, he’s, Jon Rahm, Scheffler, Tommy Fleetwood, Japan’s Hideki Matsuayama, Fleetwood, Frenchman Victor Perez, putts, Rahm, Xander Schauffele, Charles Sands, — Seve Ballesteros, José, Olazábal —, ” Rahm, there’s, “, ”, Rory McIlroy, Kevin C, Cox Organizations: United State, Le, Schauffele, Spain, bogeys, Rio Games, Los Angeles Games, Riviera Country, Ryder Locations: QUENTIN, YVELINES, France, Scotland, Tokyo, Paris, Spain

Search resuls for: "Japan’s"

25 mentions found