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AdvertisementThat makes track and field by far the most contested sport at the Olympics. Men’s shot put: Behind Duplantis, American Ryan Crouser has a case for the world’s most dominant athlete in track and field. She broke her own record for the fourth time with a time of 50.65 seconds in June at the U.S. Olympic trials. Hocker’s winning time of 3:30.59 broke the trials record by 3.5 seconds and showed he has the world-class fitness to mix it up at Paris. She withdrew from the Jamaican Olympic Trials and later revealed she was dealing with an Achilles injury.
Persons: Duplantis, Florence Griffith, Jamaica’s Shericka Jackson, America’s Gabby Thomas, Jackson, Thomas, Men’s, Ryan Crouser, He’s, Joe Kovacs, Jonathan Edwards ’, Jordan Díaz, Jaydon Hibbert, Sydney McLaughlin, Levrone, Femke Bol, Bol, Marita Koch, Karsten Warholm, Rai Benjamin, Benjamin, Sha’Carri Richardson, Noah Lyles, tucking “ Yu, Quincy Wilson, Yared Nuguse, Cole, Nuguse, Norway’s Jakob Ingebrigtsen, Josh Kerr, Hocker, Hocker’s, Nikki Hiltz, Grant Holloway, Freddie Crittenden, Daniel Roberts, Elaine Thompson, Thompson, Joyner, Mu, Dave Wottle, Yulimar Rojas, She’s, , reina, Kelvin Kiptum, Eliud Kipchoge, Kiptum, Kipchoge, Tim Clayton, Corbis Organizations: Summer, LSU, Xiamen Diamond League, Los Angeles Grand Prix, Arkansas, NCAA, SEC, U.S, Team USA, NBC, Telemundo, Universo, Olympic, Jamaican Olympic Trials, Griffith, reina del, Kenyan, Getty Locations: Paris, Spain, U.S, Netherlands, East Germany, American, Tokyo, USA, salto
The billionaire founder of South Korean technology giant Kakao, Kim Beom-Su, was arrested on Tuesday on allegations of stock manipulation related to the company’s investment in one of the country’s largest K-pop agencies. A high-profile bidding war broke out over the agency, SM Entertainment, early last year. Prosecutors allege, Kakao manipulated SM Entertainment’s stock price to hinder Hybe, the company behind BTS, from acquiring the agency, whose roster of artists includes Girls’ Generation. Last year, prosecutors indicted Kakao’s chief investment officer and the company itself on stock manipulation charges. The Seoul Southern District Court confirmed that Mr. Kim had been arrested on Tuesday morning.
Persons: Kim Beom, Kakao, Mr, Kim Organizations: SM Entertainment, Prosecutors, Seoul Southern, Court Locations: Korean, Hybe, Seoul
Interest rates are currently too restrictive: BMO's Yung-Yu Ma
  + stars: | 2024-07-19 | 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 EmailInterest rates are currently too restrictive: BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management chief investment officer, joins 'Money Movers' to discuss the week's market performance, his thoughts on rate cuts in September, and more.
Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: BMO Wealth Management
(Photo by Thomas Peter-Pool/Getty Images)China's Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on Thursday during a meeting of its largest top decision-making body, state news agency Xinhua reported. Chinese President Xi Jinping has spearheaded a wide-ranging anti-corruption campaign since becoming leader of the Communist Party in 2012. Li Shangfu was ousted as defence minister last October without explanation, before being placed under a graft investigation. Agriculture minister Tang Renjian, 61, who has been under investigation for corruption since May, remains a member of the Central Committee. Three alternate Central Committee members were appointed as full members according to the communique: Anhui provincial Communist Party personnel boss Ding Xiangqun, Sichuan provincial Communist Party personnel boss Yu Lijun and Beijing Normal University President Yu Jihong.
Persons: Foreign Affairs Josep Borrell, Qin Gang, Thomas Peter, Li Shangfu, Qin Gang's, Li Yuchao, Qin, Xi Jinping, Wei Fenghe, Tang Renjian, Ding Xiangqun, Yu Lijun, Yu Jihong, Ding Xingnong, Sun Jinming Organizations: Foreign Affairs, Foreign, Communist Party, Xinhua, Central, Central Committee, PLA Rocket Force, Liberation Army, State Council, Rocket Force, PLA, Committee, Anhui provincial Communist Party, Beijing Normal University, PLA Rocket, Former Central Committee Locations: Beijing, China, Anhui, Sichuan
Yen jumps on suspected intervention, sterling hits one-year high
  + stars: | 2024-07-17 | by ( ) www.cnbc.com   time to read: +4 min
The yen rose sharply on Wednesday in what traders suspected was likely the result of yet another intervention from Japanese authorities to prop up the battered currency from multidecade lows. The euro was last down 0.8% at 171.15 yen, while sterling fell 0.76% to 203.75 yen. Combined with the estimated amount spent a day earlier, Japan is suspected to have bought nearly 6 trillion yen via intervention last week. That sent traders paring back bets of a rate cut from the Bank of England in August, providing a small boost to sterling , which was last up 0.43% to $1.3029. But the more important data is the inflation data, and that's telling the market that the Fed is in a position to cut fairly soon."
Persons: Geoff Yu, Masato Kanda, Michael Brown, Kyle Rodda Organizations: Mellon, Kyodo, Bank of Japan, Bank of England, Monetary, MPC, Tuesday's, Federal Reserve, New Zealand, Reserve Bank of New Locations: London, Tokyo, Japan, Reserve Bank of New Zealand
Lee Saedol was the finest Go player of his generation when he suffered a decisive loss, defeated not by a human opponent but by artificial intelligence. Mr. Lee was beaten by AlphaGo, an A.I. The stunning upset, in 2016, made headlines around the world and looked like a clear sign that artificial intelligence was entering a new, profoundly unsettling era. “I am very surprised because I have never thought I would lose,” Mr. Lee said at the time in a post-match news conference. “I didn’t know that AlphaGo would play such a perfect Go.”
Persons: Lee Saedol, Lee, AlphaGo, Google’s, ” Mr, Organizations: Go
Unionized workers at Samsung Electronics said Wednesday they would go on an indefinite strike, an escalation of a rare labor dispute that could disrupt the technology giant’s world-leading chip business. An estimated 6,500 workers walked off the job on Monday for a planned three-day strike over pay and working conditions. The Nationwide Samsung Electronics Union decided to extend the strike after “hearing no word” from the company, according to Lee Hyun Kuk, the vice president of the union, which represents 28,000 workers, or a fifth of the Samsung’s global work force. The union said it has been negotiating with Samsung since January over vacation days and wages. “As the strike goes on, the management’s blood will dry out and they will eventually come to the negotiating table on their knees,” the union said in a statement.
Persons: Lee Hyun Kuk Organizations: Samsung Electronics, Nationwide Samsung Electronics Union, Samsung, Taiwan Semiconductor Manufacturing Company
Making a Pokémon fan’s day means more than catching ‘em allPokémon isn’t Coop’s day job, but it’s become an increasingly meaningful part of his life. Coop was, like many children of the ‘90s, a Poké-fan in his youth, collecting cards and facing bosses in the early Pokémon video games. But he takes a shine to one of Coop’s cards with an iridescent Alakazam, a mustachioed psychic Pokémon, and a high score of 9. It’s a card Coop intended to sell, but without thinking twice, Coop opens his display case and gifts the kid the card for free. Coop still sells cards on eBay and at card conventions –– he’s built a massive collection since 2018, and he’s submitted numerous cards for grading.
Persons: Ross “ Coop ” Cooper, , , Coop, gifting, he’ll, they’re, it’s, Pokémon, – –, “ It’ll, ” Coop, he’s, shyly, Coop can’t, “ It’s, “ Yu, He’s, Coop couldn’t Organizations: CNN, Pokémon Company, YouTube, eBay Locations: Virginia
Just 20 feet away, a man wearing a mask brandished a gun in the crowded dining room and with a henchman grabbed two phones and a watch from three men at a table near the front door. Diners dashed into the kitchen. Chairs toppled. The perpetrators quick-walked out and fled on a moped, leaving behind a half-empty dining room where a handful of unfired bullets had fallen to the floor. The stickup took less than 40 seconds.
Persons: Gabe Thomas, Shirley Yu Locations: Williamsburg , Brooklyn
Business Insider spoke with three high-earners who left their six-figure jobs to save their mental health. It wasn't until his boss seriously questioned his work output that Yu made a pledge to himself to quit tech. Yu quit his job after brainstorming alternative income streams with his then-girlfriend (who became his fiancé), Wanda, and settling on house hacking. A year after quitting, he shared that his mental health improved, and he was ready to reenter the workforce. If you quit your job due to mental health concerns and would like to tell your story, email Tess Martinelli at tmartinelli@businessinsider.com.
Persons: , Jean Kang, Kang, she'd, Eric Yu, Long, Yu, Wanda, He's, Tess Martinelli Organizations: Service, Business, Big, Big Tech, Facebook, Meta, McKinsey Locations: Big Tech, tmartinelli@businessinsider.com
Taipei, Taiwan CNN —China’s coast guard detained a Taiwanese fishing vessel and its five-member crew near the mainland’s southeast coast on Tuesday night, according to Taiwan authorities, in the latest flare-up of tensions in waters around a group of frontline islands controlled by Taipei. In a statement, Taiwan’s coast guard said the fishing boat, Tachinman 88, was intercepted by two Chinese coast guard vessels near the Kinmen islands, which lie just miles from the Chinese city of Xiamen. China coast guard officers boarded the fishing boat and then escorted it to a nearby Chinese port, the statement said, adding that three Taiwan coast guard vessels answered a call for help but retreated to avoid conflict when they were outnumbered by their Chinese counterparts. The Taiwan coast guard demanded the immediate release of the boat and crew members. In late February, Chinese coast guard officers intercepted and boarded a Taiwanese tourist boat for inspection, an unprecedented move that startled Taiwanese passengers.
Persons: Hsieh Ching, China’s, Lai Ching, , Chen Yu, jen Organizations: Taiwan CNN, Taiwan’s Coast Guard Administration, Coast Guard Administration, Communist Party, Democratic Progressive Party, Kuomintang, CNN, Taiwan’s Ministry, Agriculture Locations: Taipei, Taiwan, Xiamen, China, Beijing, Kinmen, China’s
I'm 25 years old and my parents still pay my bills and rent, which is a big help as I'm in grad school. My parents cover my bills because I'm still in schoolI graduated from Chapman University with a bachelor of arts in psychology in 2023. AdvertisementMy parents still pay most of my bills because I'm a student. One of the main reasons I had to move out of my parent's house was that I didn't want to commute from Los Angeles to Orange County daily during undergrad. I also can't wait to be able to help my parents retire early because they've worked so hard and long.
Persons: , Nadeshiko Zhang, It's, I'm, they've, they'll, Chapman, I've, he'll, Manseen Logan Organizations: Service, Business, Chapman University, Chicago School, Cal, Sport, FBI Academy Locations: Baldwin Park , California, Anaheim, Los Angeles, Orange County, mlogan@businessinsider.com
After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. That reality, along with court decisions that regularly upend the rules, has complicated the government’s efforts to restart its system for collecting the $1.6 trillion it is owed. At the end of March, six months after the hiatus ended, nearly 20 million borrowers were making their payments as scheduled. But almost 19 million were not, leaving their accounts delinquent, in default or still on pause, according to the latest Education Department data. “The nonpayment rate really is emblematic of a system that’s not doing its job,” said Persis Yu, the managing counsel for the Student Borrower Protection Center, an advocacy group.
Persons: , Persis Yu Organizations: Education Department, Student, Protection
The legal roller coaster for millions of student-loan borrowers on President Joe Biden's new repayment plan continues. A court ruled that borrowers on the SAVE income-driven repayment plan can get the new benefits set to go into effect in July, like lower payments, for the time being after a legal challenges blocked their implementation. The Education Department did not immediately respond to a request for comment from Business Insider on the stay. This means that for now, the Education Department can continue working to implement the new SAVE provisions set to go into effect this July. For now, borrowers continue to await further guidance from the Education Department.
Persons: Joe Biden's, Persis Yu Organizations: Service, Business, Biden's Education Department, GOP, Kansas, Circuit, Education Department, Democratic, Protection, Department, Education, SAVE, Republican Locations: Kansas, Missouri
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementHere are six things I do leading up to a big technical interview:1. However, I did have technical interview rounds focused on system design questions. I would go through them one to two weeks before the interview and try to answer them. Read my own notesIn the last 24 hours before a big interview, I stop doing any mock interviews or looking at new technical questions to prevent feeling even more anxious.
Persons: , Yung, Yu Lin, Read Organizations: Service, Google, Yahoo, Meta, Visa, PayPal, Business Locations: Sunnyvale , California, Taiwan
Four months ago, China’s leaders announced what seemed like a straightforward and proven plan to recharge the economy: Subsidize consumers who want to replace old cars and household appliances. Only 113,000 cars qualified for trade-in subsidies through June 25 — a blip in a country where monthly sales exceed two million cars. In 2009, the United States, Germany, France, Spain and Austria offered so-called cash for clunkers programs to revive car sales. They paid households to scrap gas guzzlers and replace them with newer cars with better fuel economy. China itself gave extensive tax cuts and subsidies for consumers to buy new cars and household appliances.
Persons: , Dai Yu Locations: Jingdezhen, Jiangxi Province, China, United States, Germany, France, Spain, Austria
Billionaire Robert Kraft donated $1 million to Yeshiva University for a new program. The program "will help accommodate transferring Jewish students," the university said. Kraft withdrew support for Columbia University after campus protests against the Israel-Hamas war. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRobert Kraft, the billionaire owner of the New England Patriots, donated $1 million to Yeshiva University to establish a program for Jewish transfer students after yanking his support from Columbia University.
Persons: Robert Kraft, Kraft, Organizations: Yeshiva University, Columbia University, Service, New England Patriots, Blue, University, Business Locations: Israel, New York City
I flew 22+ hours in Turkish Airlines ' business class and stopped at its Istanbul airport lounge. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI love flying in business class, but I don't often buy my seats outright because they can cost four figures. I like upgrading to business class by booking flights using frequent-flyer miles and credit-card points. If that's not your thing, good news: Some data suggests flying business class is slightly cheaper than it was a few years ago (even though economy airfare costs are rising).
Persons: , that's Organizations: Turkish Airlines, Service, Business Locations: Istanbul
He shifted to work as a software engineer at Yahoo in 2011, where he first saw a product manager in action and was inspired to take up the role down the line. In 2018, he joined Visa as a data platform product manager. Over the next five years, Lin worked at PayPal and then Google, where he is a senior product manager. Related storiesThis is the résumé that landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 annual pay package at Google. Lin is now a senior product manager at Google's San Francisco office.
Persons: , Yun, Yu Lin, Lin, Yung, I'm, it's, résumé Organizations: Service, Yahoo, Business, University of Southern, Meta, Visa, PayPal, Google, Surplus Technology, Google's San Locations: Taiwan, University of Southern California, Google's San Francisco
CNN —Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry. The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating system Harmony OS. Harmony, which is called “Hongmeng” in Chinese, was first unveiled in 2019, months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software to the Chinese tech company without a license. The US ban prevented companies like Google (GOOGL) from supplying new Huawei devices with its version of Android OS. Sales of the iPhone began bouncing back in May, after the company aggressively cut prices in its largest overseas market.
Persons: ” Richard Yu, It’s, Yu, Huawei’s Organizations: CNN, Huawei, Google, Nvidia, Microsoft, Apple, Research Locations: China, Washington, Beijing, Shenzhen
In 2018, he joined Visa as a data platform product manager. Over the next five years, Lin worked at PayPal and then Google, where he is a senior product manager. Related storiesThis is the résumé that landed Lin his roles at Meta, Visa, and PayPal, and, in 2022, a $350,000 annual pay package at Google. "Tier one is about 20 to 30 different positions that I really, really want," Lin said. Lin is now a senior product manager at Google's San Francisco office.
Persons: , Yun, Yu Lin, Lin, Yung, I'm, it's, résumé Organizations: Service, Yahoo, Business, University of Southern, Meta, Visa, PayPal, Google, Surplus Technology, Google's San Locations: Taiwan, University of Southern California, Google's San Francisco
On Tuesday afternoon in Sag Harbor, Janice Yu of WABC-TV was sitting in the passenger seat of a Nissan news van, eating from a bag of Smart Food popcorn. It was as close as she would come to getting to a kernel of news. “We don’t even know who he was with,” she said, referring to the singer and actor Justin Timberlake, who had been arrested by a Sag Harbor police officer shortly after midnight on Tuesday and charged with driving while intoxicated. It was also where Mr. Timberlake had been partying with friends the night before. Now it was a muggy and sunny day on the leafy street of this quaint-by-Hamptons-standards onetime whaling village, lined by shops that sell everything from $30 Havaianas flip-flops to $4,600 swivel chairs by Charlotte Perriand.
Persons: Janice Yu, , Justin Timberlake, Yu, confit, Timberlake, Charlotte Perriand Organizations: WABC, Nissan, Smart, Hamptons Locations: Sag Harbor, New York, Lululemon
Hong Kong CNN —Manila has accused China of injuring Filipino personnel and damaging Philippine vessels during a South China Sea collision earlier this week, as tensions simmer over territorial disputes in the resource-rich and strategically important waterway. CNN has reached out to the Department of Foreign Affairs, the Armed Forces of the Philippines and the Philippine Coast Guard for comment. China claims “indisputable sovereignty” over almost all of the South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. A supply ship and two rubber boats from the Philippines had attempted to “illegally” deliver supplies to the stranded warship, China Coast Guard spokesperson Gan Yu said. China’s Coast Guard also said it took measures including “warnings and interceptions, boarding inspections and forced evictions” against the Philippine vessels.
Persons: Shoal, , Lin Jian, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Ren’ai Jiao, Thomas, China’s, , Gan Yu, Matthew Miller Organizations: Hong Kong CNN —, Philippine Department of Foreign Affairs, Associated Press, Philippine Department of Foreign, CNN, Department of Foreign Affairs, Armed Forces, Philippine Coast Guard, Times, China Coast Guard, Foreign Ministry, Chinese Coast Guard, Philippine, South China, BRP, BRP Sierra Madre, Philippine Navy, China’s Coast Guard, US State Department Locations: Hong Kong, Hong Kong CNN — Manila, China, Philippines, Spratly, Philippine, South, South China, Manila, The Hague, Beijing, Palawan, Vietnam, Malaysia, Brunei, Taiwan, BRP Sierra, China’s, States
China claims “indisputable sovereignty” over almost all of the South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. China had “obstructed the Philippines from executing a lawful maritime operation in the South China Sea, interfering with the Philippines’ freedom of navigation,” Campbell said, according to a State Department readout. The Chinese coast guard on Monday said a Philippine supply ship “ignored China’s repeated solemn warnings” and “deliberately and dangerously” approached a Chinese vessel in “an unprofessional manner,” resulting in a collision. China Coast Guard spokesperson Gan Yu on Monday accused the Philippines of “illegally” delivering supplies to the stranded warship. It should now be clear to the international community that China’s actions are the true obstacles to peace and stability in the South China Sea.”
Persons: Shoal, Manila MaryKay Carlson, China’s, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Matthew Miller, Kurt Campbell, Foreign Affairs Maria Theresa Lazaro, ” Campbell, , , Francel Margareth Padilla, Adrian Portugal, Ren’ai Jiao, Thomas, Gan Yu, Gan, ” Gan, Jay Tarriela, Gilberto C, Teodoro , Jr Organizations: Hong Kong CNN, Philippine, US State Department, Foreign Affairs, Department, Guard, Philippine Coast Guard, Reuters, China Coast Guard, BRP, BRP Sierra Madre, Philippine Navy, Chinese Coast Guard, CNN, Armed Forces, ( Armed Forces, Philippine Defense Locations: Hong Kong, United States, China, Philippines, Philippine, Second, Spratly, South China, Manila, South, Beijing, The Hague, Palawan, Vietnam, Malaysia, Brunei, Taiwan, BRP Sierra, Thomas Shoal, , West Philippine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO's Yung-Yu Ma: Falling inflation underpins the next leg higherYung-Yu Ma, BMO Wealth Management CIO, joins 'Money Movers' to discuss why a market upturn is more likely than a downturn, rising concerns about narrowing market breadth, and more.
Persons: BMO's Yung, Yu Ma Organizations: BMO Wealth Management
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