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China penalizes European brandy in tit-for-tat response
  + stars: | 2024-10-08 | by ( ) edition.cnn.com   time to read: +3 min
An investigation has preliminarily determined that dumping of brandy from the EU is threatening China’s own brandy sector with “substantial damage,” the Chinese Commerce Ministry said. It also accounted for 99% of China’s brandy imports last year, with French brandy shipments reaching $1.7 billion. The Chinese commerce ministry gave no details. Ahead of the vote, in late August, China had suspended its planned anti-dumping measures on EU brandy, in an apparent goodwill gesture, despite determining that EU brandy had been sold in China at below-market prices. At the time, the Commerce Ministry said its probe would end before January 5, 2025, but that it could be extended.
Persons: Hennessy, Remy Martin, Pernod Ricard, Remy Cointreau, Martell Organizations: Paris Reuters, European Union, Chinese Commerce Ministry, EU, Commerce Ministry, China’s Commerce, distillers, SAIC, European Locations: Beijing, Paris, China, France
AdvertisementLike Woodman, millions of Americans travel abroad for medical procedures each year, saving anywhere from 40% to 90% on the services they receive. Medical tourism comes with risks; the American Medical Association recommends going only to medical facilities recognized by international accrediting bodies and following up testing with care at home. It's unclear, though, how many medical tourists visit accredited facilities, and there's still the question of whether all these tests are useful for someone who is seemingly in good health. Related storiesSince COVID-19 came into the picture, health screenings and extensive physicals have received some buzz. As more people spend time abroad, it becomes easier to tack a few small medical tests onto your trip.
Persons: Josef Woodman's, , Chapel Hill , North Carolina —, You've, Woodman, There's, Kim Kardashian, you've, you'd, that's, Bryn Elise, I'd, Elise, influencer, I've, it's, Paulo Neno, Neno, there's, Elise's, Kardashian, Prenuvo, Arturo Vargas Bustamante, Vargas Bustamante, Misael Uribe Ramos, Uribe Ramos, Imani Bashir, Bashir, Krishnan Organizations: Duke University Hospital, cabanas, CAT, American Medical Association, Joint Commission International, University of California, Commission, Centers for Disease Control, CDC, of Disease Prevention, Health, Disease Prevention, National Academy of Medicine, country's Ministry of Health, Labour, Welfare, United Arab Locations: Chapel Hill , North Carolina, Bangkok, Mexico, United States, Turkey, Illinois, Los Angeles, Médica, Mexico City, Japan, South Korea, Thailand, United Arab Emirates, Barbados, Cancún, Washington , DC, Brooklyn
View at Amazon What we like Check mark icon A check mark. Very affordableCheck mark icon A check mark. Lifetime warrantyCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Thick corner elastic bands keep the fitted sheet on the mattressCheck mark icon A check mark.
Persons: We've, Sijo, shams, Pick Casper, Doesn't, Mila Shaggy Organizations: Business, Amazon, Prime, FSC, Ugg, Coop, Casper, Pillow, sherpa Locations: LinenSpa
A college degree can help you financially get ahead, compared to a high school diploma alone. Bankrate looked at median salaries among workers and job seekers with at least a bachelor's degree, along with unemployment rates and advanced degree rates, to rank the most and least valuable college degrees. Here are the 10 least valuable college degrees in 2024, according to Bankrate:1. People with bachelor's degrees in less-common foreign languages have a slightly lower unemployment rate, but nearly half (45%) of these grads have advanced degrees. That data suggests an advanced degree — and the years of school required to to earn it — may be needed to to fare better financially in those careers.
Persons: Bankrate, Get Organizations: National Center for Education Statistics, Survey, , New York Fed, Communications, CNBC Locations: New York
One of the best discounts we've seen is the Arm & Hammer Power Sheets Laundry Detergent, marked 50% off, an all-time low price. Below, we've curated the best Prime Day household essential deals. For other categories, visit our Prime Day deals hub. View at AmazonThe best Amazon Prime Day deals on bathroom essentialsThe best Amazon Prime Day deals on health essentialsiHealth COVID-19 Antigen Rapid Test, 5 Tests $27.44 $44.95 Save 39% Unfortunately, COVID season is upon us and now is the time to stock up on COVID tests before holiday travel. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.
Persons: we've Organizations: Business
“Joker: Folie à Deux,” a genre-bending sequel to the billion-dollar comic book smash, hit a sour note at the box office even as it opened to No. That’s a problem because the R-rated sequel carries a substantial $200 million price tag (the first film was produced for a trim $65 million). So, “Folie à Deux” needs to generate at least $450 million to break even, according to sources familiar with the film’s financials. Muted buzz for “Folie à Deux” began at Venice Film Festival, where “Joker” took home the fest’s top prize in 2019. Joaquin Phoenix and Lady Gaga attend the Los Angeles premiere of "Joker: Folie a Deux" on Sept. 30.
Persons: , , Jeff Bock, Warners, tentpole, haven’t, Joker ”, Joaquin Phoenix, Lady Gaga, Matt Winkelmeyer, WireImage Todd Phillips, Arthur Fleck, Harleen “ Lee ” Quinzel, Gaga, Martin Scorsese, ” “ Todd Phillips, Bock, Lionsgate’s, Jacob Tremblay, Julian, Bryce Gheisar, Sony’s, Pharrell Williams Organizations: Warner Bros, Phoenix, Bron Creative, Warners, Venice Film, Los Angeles, Lionsgate, DreamWorks Locations: Danish
Europe is clamping down on Chinese electric cars. European automakers are facing plunging EV sales and pressure over looming emissions targets. AdvertisementEurope is clamping down on Chinese electric cars — but the move to protect the continent's automakers could create a new problem for the likes of Volkswagen and BMW. The European Union voted to impose sweeping tariffs on Chinese EV makers on Friday as it seeks to protect its automotive industry from what the bloc claims are unfairly subsidized cheap Chinese electric vehicles. The European tariffs come after the US introduced its own trade restrictions against Chinese EVs earlier this year.
Persons: , Teslas, Elon Musk, Tesla, Viktor Orbán, French carmaker Renault, Luca de Meo, Julia Poliscanova Organizations: EU, Service, Volkswagen, BMW, European Union, SAIC, Benz Group, BMW Group, Mercedes, Benz, VW, French, Reuters, Transport, Environment, Transport & Environment, Business Locations: Europe, China, Paris, Germany, Hungary, Frankfurt, Beijing
The September jobs report was surprisingly strong , and the details show that growth came from many different areas of the economy. Within hospitality, food services and drinking places saw jobs jump by 69,000. Professional and business services grew by 17,000 jobs, which is a notable change for a category that had shed jobs in recent months. The only caution flag could be the rise in those with multiple jobs," Roach said. Two key areas that lost jobs last month were manufacturing and transportation and warehousing, though each category shrank by fewer than 10,000 jobs.
Persons: Jeffrey Roach, Roach Organizations: of Labor Statistics . Government, LPL Financial
This trend bucked the overall unemployment rate, which inched lower to 4.1% in September, down just 0.1 percentage point from August. In September, Black men saw their jobless rate fall to 5.1% from 5.9% in the month prior. The jobless rate similarly fell for Hispanic men to 4.1% from 4.8% last month. The unemployment rate for men in Black and Hispanic racial groups declined in September while staying little-changed for other racial groups, according to data released Friday by the Department of Labor. "Black unemployment typically holds about two times higher than White unemployment, among the first to be laid off.
Persons: Sarah Foster, Foster, Organizations: Amerant Bank, Department of Labor Locations: Florida, Sunrise , Florida, Black
The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. AdvertisementThough most on Wall Street are cheering September's blowout labor report, not everyone is so sure the labor market is booming. Advertisement"The extremely low response rate to the payroll survey waves a red flag," the firm wrote on Friday. The firm scrutinized last month's payroll strength against the fact that other labor market indicators have shown a pullback in hiring. Meanwhile, this week's JOLTS data prompted Deutsche Bank to question how tight the labor market really is.
Persons: , Larry Summers Organizations: Macroeconomics, Service, Deutsche Bank, of Labor Statistics, Conference, Federal, Bank of America Locations: joblessness, tanked
The jobs market had a very strong September
  + stars: | 2024-10-04 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +3 min
The Fed is pivoting away from fighting inflation to supporting the labor market. The encouraging numbers doubled down on a labor market that's showing signs of strength after a slowdown. The Federal Reserve signaled a pivot from fighting inflation to supporting the job market with a 50-basis-point interest rate cut in mid-September, the first cut in four years. AdvertisementWage growth was another highlight for the labor market in September. The latest jobs report didn't just indicate a strong September.
Persons: , Glen Smith Organizations: Service, Federal Reserve, BLS, GDS Wealth Management, Fed
Modelo and Corona brewer Constellation Brands is a tale of two businesses. Constellation Brands Why we own it : Constellation Brands' beer franchise, which includes popular Mexican brands Modelo, Corona and Pacifico, is the growth engine and by far the most attractive part of the business. And, the profitability of its beer business — operating margins were an impressive 42.6% in the quarter — puts Constellation in a position of strength. Still, raising an anchor is always welcome news, and talk of its booming beer business would, at last, no longer need the wine-and-spirits caveat. Looking ahead, its beer business should continue grabbing market share and its hard to imagine the wine-and-spirits unit getting much worse.
Persons: Bill Newlands, Thursday's, Newlands, Kim Crawford, There's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Corona, Constellation Brands, LSEG, Modelo, Anheuser, Busch Inbev, Molson Coors, Investors, Constellation, National Football League, Bloomberg, Brier, Modelo Especial, CNBC Locations: Corona, Pacifico, Wednesday's, U.S, Campo, West Coast, San Rafael , California
See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.90%, according to Zillow data. Current 15-Year Mortgage RatesAverage 15-year mortgage rates are in the low 5% range, according to Zillow data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.
Persons: Freddie Mac, it's, Fannie Mae Organizations: Fed, ADP, Bureau of Labor Statistics, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government
Global stocks dipped again on Thursday, while oil prices rose further as markets braced for a wider regional war in the Middle East. "He has been advocating for hitting Iran and for the United States to target Iran. There are several potential targets Netanyahu may be considering:Iran's oil facilitiesOne target could be Iran's oil production facilities. Oil prices spiked for a third day on Thursday, fueled by speculation that the growing conflict could limit production. With oil prices rising, there are fears that the industrial recession the US economy is experiencing could snowball into a full-fledged downturn.
Persons: , Benjamin Netanyahu, Netanyahu's, Netanyahu, Sen, Lindsey Graham of, Biden, Piper Sandler, Jake Oubina, Axios, Beni Sabti, Ayatollah Ali Khamenei, Chris Doyle, Naftali Bennett, Bennett, Gen Herzi Halevi, Farzan, Sabet, Israel's Organizations: Service, Experts, Central, Politics, Deakin University, Iran, Financial Times, Reuters, Brent, West Texas, Fox Business, Institute of National Security, Iran's Revolutionary Guard, Council, Guardian, US, Military, Global Governance Centre, Geneva Graduate Institute Locations: Israel, Iran, Middle East, Australia, United States, Lindsey Graham of South Carolina, Tel Aviv, British
Mortgage rates are starting the month a little higher, with 30-year rates hovering around 5.90%, according to Zillow data. But if conditions hold up, mortgage rates will likely remain near their current levels through the end of 2024. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: they've, Jerome Powell, you'll, They've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Today's, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Nashville, Chevron
Palmer Luckey's defense tech startup Anduril is setting its sights on space. AdvertisementDefense tech startup Anduril is fast building a reputation for disrupting the traditional defense industry with its futuristic flying and underwater autonomous devices. Anduril said the mission would "be the foundation for Anduril and Apex's commitment to regularly deploying more mass to orbit. " Last week, the company landed a $25.3 million contract with the US Space Force, a branch of the military established four years ago to protect US interests in space. AdvertisementAnduril has been contracted to expand the use of its artificial intelligence-powered Lattice software on Space Force's Space Surveillance Network (SSN).
Persons: Palmer, Anduril, , Palmer Luckey, Gokul Subramanian Organizations: Apex, Service, Defense, SpaceX, US Space Force, Surveillance, Space, Engineering, US Air Force, Australia's Navy, Air Force Locations: United States, Anduril's
Among debate watchers, Walz remains the candidate who’s seen more positively and as more in touch with their needs and vision for the country. He was also narrowly seen as doing a better job than Walz of defending his running mate. Both men, the poll finds, are viewed by a majority of debate watchers as qualified to assume the presidency if needed. Debate watchers came away from the debate with roughly neutral views of Vance: 41% rated him favorably and 44% unfavorably. Results for the full sample of debate watchers have a margin of sampling error of plus or minus 5.3 percentage points.
Persons: Tim Walz, JD Vance, SSRS, Walz, Vance, Donald Trump, Joe Biden, Trump, Kamala Harris, Harris, That’s, Harris ’ Organizations: CNN, Democratic, Republican, Trump, America
Markets are now braced for what could follow a likely Israeli retaliation against Iran. watch nowOil prices gained over 5% in the previous session following the missile strike, before tapering to a 2.5% climb. Oil infrastructure 'tempting targets for Israel'Lewis Sage-Passant, an adjunct professor of intelligence at Sciences Po in Paris, described energy markets as jittery, as investors watch for Israel's next moves. Even without direct targeting, much of the world's oil infrastructure sits under these missile's flight paths, so naturally everyone is very nervous." Questions remain whether a strong Israeli response would restore deterrence or trigger further escalation from Iran and tip the nations into a full-blown war.
Persons: Amir Cohen, Hassan Nasrallah, Lewis Sage, Jake Sullivan, Roger Zakheim, what's, Zakheim, Abbas Araghchi, Sara Vakhshouri Organizations: Reuters Israel's, Brent, West Texas, Isles, RBC Wealth Management, Sciences Po, Israel, Energy, U.S . National, Ronald Reagan Institute, Investments, Saab, BAE Systems, Thales, Rheinmetall, Iran's, SVB Energy Locations: Ashkelon, Israel, Tel Aviv, Iran, Tehran, London, Asia, Paris, U.S, Washington
It's only been two weeks since the Federal Reserve cut interest rates for the first time in more than four years, but investors are already getting paid less to park their extra cash. Central bank policymakers trimmed a half point from the fed funds rate in September, bringing it down to a range of 4.75% to 5%. That means that the days of 5% yields on idle cash are largely in the past, at least for the current cycle. Lock in with ladders Three key considerations for investors holding cash would be liquidity, yield and risk. For clients who want ready access to their cash, a high-yield savings account could be a solid bet, Sergunina said.
Persons: Jerome Powell, Arvind Narayanan, Anna Sergunina, Sergunina, Narayanan, Amy Arnott, isn't Organizations: Federal Reserve, Vanguard, Main, Financial, ., Federal Deposit Insurance, Morningstar, Bond, SEC Locations: Central, Los Gatos, Calif
In spite of this, many buyers are holding off since mortgage rates are expected to continue going down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are around 5.60%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop much in October.
Persons: you'll, Freddie Mac, it's, they've Organizations: Federal Reserve, Fed, Zillow Locations: Chevron
Chinese property stocks climbed 7% on Monday three major cities eased homebuying rules. China's property sector has struggled amid falling home prices, vacant supply, and debt. AdvertisementChinese property stocks got some positive news on Monday as three major cities announced easing of home-purchase restrictions. The surge comes after the cities of Shanghai, Shenzhen, and Guangzhou loosened homebuying restrictions, and after nation's central bank said it will allow refinancing of mortgages. The moves are part of China's new stimulus package meant to reinvigorate its slowing economy and weak property sector.
Persons: , Morgan Stanley, Stephen Cheung Organizations: Service, Mainland Properties, Longfor, Holdings, Hang Lung, CSI Locations: Hong Kong, Shanghai, Shenzhen, Guangzhou, Beijing
As the NFL rolls into Week 4, we have essentially reached the quarter mark of the regular season. GO DEEPER How can the Bills contain Lamar Jackson and what will Buffalo's offense look like vs. Ravens? GO DEEPER NFL Week 4 roundtable: Vikings-Packers showdown, Justin Fields' rise, 0-3 teams in danger3. For the rest of the game, Williams had 34 pass attempts, and the Bears rushed 28 times overall. This week, Williams and the Bears welcome a Rams team that is battered yet still came back to beat the 49ers 27-24 last Sunday.
Persons: It’s, Josh Allen, Lamar Jackson, Patrick Mahomes, Allen, Jackson, Sam Darnold, Jackson’s, Washington, Jayden Daniels, Joe Burrow, Doug Pederson, Press Taylor, Trevor Lawrence, Pederson, Justin Fields, Kirk Cousins, Malik Willis, Jordan, Brian Flores, Andy Reid, Mahomes, Jim Harbaugh, Justin Herbert, Joe Alt, Joey Bosa, Rashawn Slater, Ron Chenoy, Russell Wilson, Mike Tomlin, Wilson, Wilson hasn’t, Fields, Arthur Smith’s, Caleb Williams, Williams, Bryce Young, Willis, Daniels, Washington hasn’t, Shane Waldron, Rob Carr Organizations: Coaches, Bills – Ravens AFC, Bills, Ravens, Chiefs, Jaguars, NFL, Vikings, Jackson’s Ravens, Dallas, Bengals, AFC, … Cincinnati, Panthers, Houston, Press, Jacksonville, Texans, Packers, Cowboys, Giants, MetLife, Falcons, Green, Green Bay and Kansas City, Chargers, NFC, Philadelphia, Kansas City, Minnesota, Titans, AFC West, Steelers, Bowl, Bears, Colts, Chicago, Indianapolis, Rams, 49ers, Getty Locations: Jacksonville, Carolina, Cincinnati, Green Bay and Kansas, L.A, New Orleans, Atlanta, Kansas, hobbled
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 5.80%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are near 5%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons: you'll, Freddie Mac, it's, they've, They'll, refinance Organizations: Federal Reserve, Fed, Zillow Locations: Chevron
Even though the Fed plans to continue cutting rates, mortgage rates might not fall much more this year. Mortgage rates trended down ahead of this decision, but now that the cut has happened and the rest of this year's cuts are priced in, it will take a change in the economic outlook to push mortgage rates down further. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.
Persons: they've, Freddie Mac Organizations: Federal Reserve, Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: U.S, Chevron
Japan Airlines is offering free domestic flights to tourists from the US and other select countries. Tourists must book round-trip international flights with Japan Airlines to qualify. Japan Airlines is offering free domestic flights to tourists from the US, Canada, Mexico, Thailand, Australia, and New Zealand, according to a recent announcement on its website. In order to claim the free tickets, passengers must book round-trip international flights with the same airline and the domestic flights must be booked in the same reservation as the international flights. A spokesperson for Japan Airlines told Business Insider that "no end date has been set" for the initiative.
Persons: , Grace Cheng, Cheng Organizations: Japan Airlines, Service, Business, Harper's Bazaar Locations: Japan, Tokyo, Canada, Mexico, Thailand, Australia, New Zealand, Vietnam, Philippines Indonesia, India, China, Taiwan, New York, Sapporo, Hokkaido, Harper's Bazaar Singapore, Kanazawa, Inland
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