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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill see pockets of opportunity in the Chinese market: Maybank GWMEddy Loh of Maybank Group Wealth Management says the willingness of the Chinese government to support the economy helps to put a floor to valuations in the market, and that dividend plays in China remain attractive.
Persons: Eddy Loh Organizations: Maybank, Wealth Management Locations: China
CNN —Moving from Tehran to the more northerly lakeside city of Rasht aged 13, Khashayar Javanmardi’s youth was punctuated by weekends and extended holidays on the Iranian coastline of the Caspian Sea. “As an artist, I’ve always wanted to be an honest witness.”Locals call it the lake "Mother Caspian." Khashayar Javanmardi 2024 courtesy Loose JointsThe book oscillates between landscapes, portraits and the quiet scenes that fit somewhere in the middle. Khashayar Javanmardi 2024 courtesy Loose Joints“A question that I asked people was, ‘what is the role of the Caspian in your life?’,” said Javanmardi, who began working on the project at Iran’s Anzali Lagoon. Khashayar Javanmardi 2024 courtesy Loose JointsDespite the recklessness of higher political powers, during his travels Javanmardi found a sense of community in the people he met.
Persons: Khashayar, reminisced, Javanmardi, , I’ve, Nathalie Herschdorfer, Caspian, , , , ” Javanmardi, “ I’ve, Organizations: CNN, UN, Elysée Museum, Environment Department Locations: Tehran, Rasht, Europe, Asia, Iran, Russia, Azerbaijan, Kazakhstan, Turkmenistan, Lausanne, Switzerland, Ukraine, Kiashahr Port
Price of gold is proving an unstoppable force lately
  + stars: | 2024-10-18 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Gold recently regained momentum after the Federal Reserve began its easing cycle with a half-percentage point rate cut last month. However, the latest upturn comes despite rebounds in Treasury yields and the U.S. dollar too, which might be expected to take the wind from gold's sails. Higher yields typically make gold less attractive, as the metal doesn't offer any yield. The 10-year Treasury yield has soared to 4.08% from around 3.7% over the past month. The dollar index, which tracks the U.S. currency's performance against the euro, Japanese yen and others, is up nearly 3% over the past month.
Persons: Gold, Andrew Brenner, Tim Hayes, Ned Davis, Hayes Organizations: Federal Reserve, U.S, NatAlliance Securities, Ned, Ned Davis Research, Treasury Locations: NatAlliance
China's high savings rate is untapped potential: Economist
  + stars: | 2024-10-18 | 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 EmailChina's high savings rate is untapped potential: EconomistDavid Mann, chief APAC economist at the Mastercard Economics Institute, explains where he thinks China should target policy: from savings and consumption, to the property space.
Persons: David Mann Organizations: Mastercard Economics Institute Locations: China
See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Refinance Rates? Current 30-Year Mortgage RatesAverage 30-year mortgage rates are around 6.15%, according to Zillow data. In September, 30-year refinance rates averaged 5.89%, while 15-year refinance rates were around 5.19%. 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: Traders, Zillow, Fed Locations: Chevron
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNobel laureate Simon Johnson: We need to strengthen the resilience of our democracy in the U.S.Simon Johnson, MIT Sloan School of Management professor of entrepreneurship and Nobel laureate, joins 'Squawk Box' to discuss how he found out he had won the 2024 Nobel prize in economic sciences, his work on global inequality, and more.
Persons: Simon Johnson Organizations: MIT Sloan School of Management Locations: U.S
Politics and monetary policy: Dangers of meddling with the Fed
  + stars: | 2024-10-18 | 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 EmailPolitics and monetary policy: Dangers of meddling with the FedDonald Kohn, Brookings Institution economic studies senior fellow and former Fed Vice Chair, joins 'Squawk Box' to discuss the dangers of presidents and other politicians meddling with the Fed.
Persons: Donald Kohn Organizations: Brookings, Fed
US Air Force photo by Senior Airman Devlin BishopJohnson's tenure with the A-10 dates back to her early days in the Air Force. She graduated from the Air Force Academy in 2014 and, in December 2016, joined the 355th Training Squadron at Davis-Monthan Air Force Base in Arizona as an A-10 student pilot. She piloted the A-10 in South Korea and Afghanistan before returning to Davis-Monthan as an A-10 instructor pilot and flight commander in August 2021. In March 2023, Johnson was certified as the new commander of the A-10 demo team, becoming the first female pilot to assume the role. Nonetheless, Johnson said once you're in the cockpit of the aircraft, "the airplane doesn't know the difference whether I'm a male or female."
Persons: Johnson, Devlin Bishop Johnson's, It's, That's Organizations: Laughlin, US Air Force, Air Force, Air Force Academy, 355th Training Squadron, Davis, Monthan Air Force Base, Monthan Locations: Arizona, South Korea, Afghanistan
Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.
Persons: Lebaredian, , Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle
Hurricane Milton's estimated damage to Florida's agriculture could go up to $2.5 billion. That's according to estimates from the Florida Department of Agriculture and Consumer Services. AdvertisementHurricane Milton singlehandedly wrecked as much havoc on Florida's agriculture as three other major hurricanes combined, according to new estimates from the state's agriculture department. The commodities affected by hurricane damage include animal products, citrus and non-citrus fruit farming, field crops, greenhouses, and vegetable farming, per the damage assessment. Representatives of Florida's Department of Agriculture didn't respond to a request for comment from Business Insider, sent outside business hours.
Persons: Idalia, Debby, , Milton, — Helene, Wilton Simpson, Tom Vilsack, Simpson, Hurricane Milton, Hurricane Helene, Helene Organizations: Florida Department of Agriculture, Consumer Services, Hurricanes, Service, Milton, US Department of Agriculture, Department of, Agricultural Statistics Service, National Agricultural Statistics Service, Fitch, Hurricane, Analytics, Moody's Analytics, Florida's Department, Agriculture, Business Locations: Milton, Florida, Florida's
CNN —Despite Angel Reese being one of the major factors in the WNBA’s surge in popularity this season, alongside rival Caitlin Clark, the Chicago Sky star said that her rookie salary doesn’t cover her rent. Speaking on an Instagram live on Wednesday, Reese said her monthly rent is $8,000 – totaling $96,000 for the year – while her WNBA salary was $73,439. “I just hope y’all know the WNBA don’t pay my bills at all. Reese – a rebounding and double-double machine – enjoyed a record-breaking rookie season, which was cut short by a wrist injury at the start of September. Reese told ESPN earlier this year that her WNBA salary is a “bonus” on top of her NIL deals.
Persons: Angel Reese, Caitlin Clark, Reese, Hatin ’, , , y’all, Reese –, Sylvia Fowles, A’ja Wilson, Geoff Stellfox, – Reese, Breanna Stewart, Napheesa Collier Organizations: CNN, Chicago Sky, WNBA, Las Vegas Aces, LSU Tigers, Reebok, Dre, ESPN, Sports Illustrated
The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.
Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza
Ngannou will do so though against a backdrop of unspeakable tragedy following the death earlier this year of his beloved 15-month-old son Kobe. “The best way to pay tribute to him, to honor him, is to do something positive. Cooper Neill/Getty ImagesThis will be the African star’s first MMA fight since 2022. “I’m looking to get back into MMA because, regardless of how I enjoy boxing, I do miss MMA. Francis Ngannou knocks down Tyson Fury during their heavyweight fight at Boulevard Hall on October 28, 2023, in Riyadh, Saudi Arabia.
Persons: Francis Ngannou, Renan Ferreira, , ” Ngannou, Ferreira, Cooper Neill, Ngannou, Tyson Fury, Fury’s, Anthony Joshua, I’ve, It’s, , ” Francis Ngannou, Joel Sagat, , Stipe Miocic, Justin Setterfield, It’s what’s Organizations: CNN, UFC, Professional Fighters League, CNN Sport, Giants, Washington DC, Getty, Hall, Locations: Saudi Arabia, Riyadh, Ngannou, Kobe, Washington, Cameroon, America, Paris, Spain, Gibraltar, AFP, American
The Girl Scouts could soon triple membership fees
  + stars: | 2024-10-18 | by ( Vanessa Yurkevich | ) edition.cnn.com   time to read: +5 min
CNN —The Girl Scouts of the USA plans to raise prices, but not for their famous cookies. Membership dues are the Girl Scout’s largest source of revenue, generating $38 million in 2023 from its nearly 2 million total members. You are going to run yourselves out of business.”Bertram was a Girl Scout herself, just like every girl in her family. Part of the problem is that Girl Scout membership has fallen in recent years, leadership said in a video to members in September. GSUSA will continue to provide financial aid to “reduce barriers” to any girl who wants to be a Girl Scout, a spokesperson said.
Persons: , , Sally Bertram, ” Bertram, Bertram, it’s, Diane Tipton, Bonnie Barczykowski, Bertran, ” Bertran, we’re, ” Tipton, Kelly Goldsmith, Goldsmith, GSUSA, can’t Organizations: CNN, The Girl Scouts, USA, Girl Scouts, Girl Scouts of, Girl Scout, National Council, Boy Scouts, Vanderbilt University, Scout Locations: Girl Scouts of Western Ohio, Tennessee, New York City
A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its "Full Self-Driving" systems, and whether they are safe to use in fog, glaring sun or other "reduced roadway visibility conditions." The probe follows an incident in which a Tesla driver who had been using FSD, struck and killed a pedestrian, and other FSD-involved collisions during reduced roadway visibility conditions. Records posted to the NHTSA website on Friday morning said the purpose of the new probe would be to assess:"The ability of FSD's engineering controls to detect and respond appropriately to reduced roadway visibility conditions; whether any other similar FSD crashes have occurred in reduced roadway visibility conditions and, if so, the contributing circumstances for those crashes," among other things. The agency will also look into Tesla's over-the-air, software updates to its FSD systems, which are now marketed as "Full Self-Driving (Supervised)," to understand the "timing, purpose, and capabilities of any such updates, as well as Tesla's assessment of their safety impact."
Persons: Tesla Organizations: Tesla, National, Traffic Safety Administration Locations: Encinitas , California, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe death of Yahya Sinwar is a 'big achievement for Israel': Nimrod GorenNimrod Goren, senior fellow for Israeli affairs at the Middle East Institute, discusses the killing of Hamas leader Yahya Sinwar, the architect of last year’s Oct. 7 attack.
Persons: Yahya Sinwar, Israel, Nimrod Goren Nimrod Goren Organizations: Middle East Institute
I'm a Gen X child from the San Francisco Bay Area. Since that first move, I've lived in Alabama, Virginia, and Texas and returned to the Bay Area. The main difference was that the Bay Area was more diverse than Phoenix at that time. The Bay Area had changed so muchWe moved to Half Moon Bay in the San Francisco Bay Area, and in 2017, I got a job at UC Berkeley. People moved in and out of the Bay Area a lot, so it was hard to make lasting social connections.
Persons: Rosanna Guadagno, Guadagno, , I've, I'd, Dallas, didn't, we'd Organizations: Service, San, Santa Clara University, US, University of Alabama, Alabama, National Science Foundation, University of Texas, Dallas, Big Tech, San Francisco Bay Area, UC Berkeley, Stanford, University of Oulu Locations: California, Alabama, Texas, Finland, San Francisco Bay Area, Phoenix, Alabama , Virginia, Bay, Arizona, Tuscaloosa, . Texas, Virginia, Washington ,, Dallas, Austin, Silicon Valley, San Francisco Bay, Oulu, Switzerland
And now the man calls himself the father of IVF,” Harris said on Thursday, recalling Trump’s remark at an all-women’s town hall. Exit polls in 2020 showed Biden — who’d become the nation’s second Catholic president — finishing with a 5-point lead over Trump with Catholic voters. After wishing Adams “good luck,” Trump repeated the familiar canard that the Justice Department indicted Adams over the mayor’s criticism of the Biden administration’s border policy. “You’re going to win, I think you’re going to win, I know you’re going to win, so good luck,” Trump told Adams. Vice President Kamala Harris speaks a a rally at Resch Expo on October 17, 2024 in Green Bay, Wisconsin.
Persons: Donald Trump, Kamala Harris ’, Al Smith, Harris –, Joe Biden, ” Harris, Trump, gaslighting, , New York Cardinal Timothy Dolan, Melania Trump, Letitia James, Woody Johnson, Michael Bloomberg, Harris, Biden — who’d, , Hillary Clinton, Pope Francis, , There’s, ” Trump, Kamala Harris, Chuck Schumer, Harris ’, Tim Walz, I’ve, Eric Adams, Adams, “ You’re, He’s, Biden, Scott Olson, Luke, Molly Shannon, Live’s ” Mary Katherine Gallagher Organizations: CNN, Catholic, GOP, Univision, New York, Trump, New York Jets, White, Minnesota Gov, New York City, Justice Department, Biden, Detroit Locations: New York City, Wisconsin, Manhattan, New York, Green Bay , Wisconsin, Detroit, Motor
CNN —Joel Dahmen is in danger of losing his PGA Tour card after he was penalized four shots at the Shriners Children’s Open on Thursday for having too many clubs in his bag. It was a mistake that could prove decisive for a player who is on the bubble. 124 in the FedEx Cup Fall standings, with the top 125 at the end of the fall circuit able to retain their tour status for 2025. You want to be mad at yourself, you want to get mad at Geno, you want to get mad at the world,” he continued. Eight players will finish their opening rounds on Friday after darkness suspended play on Thursday, with the second round beginning at 9:55 a.m.
Persons: CNN — Joel Dahmen, , Dahmen, , , Geno, it’s, that’s, There’s, ” Dahmen, Taylor Pendrith Organizations: CNN, PGA, Shriners, FedEx, Shriners Children’s
Nine out of 10 employees are 'excited' by the change, Garman said, but those who disagree are welcome to leave. AdvertisementThe majority of Amazon employees favor the company's new five-day return-to-office policy, Amazon Web Services CEO Matt Garman has told staff during an all-hands meeting. Garman addressed the RTO policy introduced by Amazon in September, which has faced strong pushback from some employees. It is Garman's first official response to Amazon's new RTO policy and comes after the company received backlash from some employees. Related storiesDuring the all-hands meeting, Garman said employees will not always need to be in the office.
Persons: Matt Garman, Garman, , we're, Andy Jassy's Organizations: Business, Service, Amazon, Web, AWS
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's GDP growth will likely stay at about 4.5% for the whole of 2025, economist saysErica Tay of Maybank Investment Banking Group says she disagrees with Chinese officials where growth drivers are concerned.
Persons: Erica Tay Organizations: Maybank Investment Banking Group
North Korea is set to send thousands of troops to aid Russia in the Ukraine war, South Korea's spy agency has said. South Korea's National Intelligence Service made the announcement on Friday, Yonhap news agency reported. AdvertisementNorth Korea is set to send thousands of troops to aid Russia in its war in Ukraine, South Korea's spy agency has said, per Yonhap news agency. If confirmed, it would be the North's first major involvement in a war since the Korean War in 1950-1953. Business Insider has contacted South Korea's Ministry of National Defense, NATO, and the UK Ministry of Defence for comment.
Persons: , Volodymyr Zelenskyy, We've, Zelenskyy, Pat Ryder, Ryder, Mark Rutte Organizations: Korea's National Intelligence Service, Korean, Service, Pentagon, NATO, Business, South Korea's Ministry of National Defense, UK Ministry of Defence Locations: Korea, Russia, Ukraine, South, North Korea
CNN —Voters in Moldova will cast their ballots Sunday in two crucial votes, which have been billed as the most consequential in the country’s post-Soviet history. Alongside a more sophisticated misinformation campaign, Shor has resorted to cruder methods to meddle with Moldovan politics. Home to a Romanian-speaking majority and large Russian-speaking minority, many Moldovans had long viewed Russia as a benign big brother. “It reflects the loss of the national allure of Russia in Moldovan society,” he said. “There’s limits (to what can be achieved).”But even if Sandu prevails in both the presidential vote and the EU referendum, he expects the Kremlin’s campaign to continue.
Persons: Ilan Shor, Shor, , Dumitru Doru, Maia Sandu –, , She’s, ” Vadim Pistrinciuc, Maia Sandu, Ursula von der Leyen, Elena Covalenco, Sandu, Nicu Popescu, Moldova’s, ” Popescu, “ Moldova can’t, , Sandu’s, Daniel Mihailescu, Alexandr Stoianoglo, Stoianoglo, Maksim Samorukov, ” Samorukov, , Viorel Cernauteanu, ” Cernauteanu, Dmitry Peskov, Pistrinciuc, ” Pistrinciuc, Lenin, Peter Dench, Samorukov Organizations: CNN — Voters, eventual, Union, Kremlin, Authorities, Western, World Bank, Party, Action, Solidarity, Communist, Institute for Strategic Initiatives, CNN, Getty, European Council, Foreign Relations, Gazprom, , CBS, AXA, Russian Party of Socialists, EU, Carnegie Russia Eurasia Center, Reuters Locations: Moldova, Russian, Moldovan, Russia, Chisinau, Shutterstock Moldova, Romania, Ukraine, Transnistria, Soviet Union, Harvard, Romanian, Odesa, Moldova’s, Europe, AFP, Western Europe, Gazprom, “ Moldova, Bardar, , Moscow, Tiraspol
Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.
Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, , Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo
My husband and I started to take turns going on solo international trips without our kids. We love the arrangement and I came back from my trip feeling refreshed and like a better mom. Growing up, my mom would work really hard, save money, and then take me with her on trips around the globe. This new chapter of solo adventuring helped me feel like my old selfMy first solo international trip as a mom was to Nepal. AdvertisementMy husband and I are already planning our next overseas trips in 2025.
Persons: , I'd, else's, Feng Wei, couldn't, me incredulously, He'll Organizations: Service Locations: Japan, Bhutan, Nepal, Asia, Patagonia, Australia
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