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Kim Jong Un and Vladimir Putin share a toast at a banquet table North Korean State MediaRussia's dangerous new allianceFor decades, South Korea has been in an uneasy standoff with its isolated and authoritarian neighbor, North Korea. AdvertisementRussia formed a new military alliance with North Korea to secure badly needed ammunition from North Korean stockpiles for its faltering campaign in Ukraine. South Korea is increasingly concerned about the technological capabilities and security guarantees North Korea has likely gained from Russia in return. Russia, previously a backer of sanctions designed to curtail North Korea's nuclear program, is now helping North Korea evade them. South Korea says it could arm UkraineIn response to Russia's strengthened relationship with North Korea, South Korea is threatening to arm Ukraine in its battle against the Russian invasion.
Persons: , Georgiy Zinoviev, Yoon Suk, Zinoviev, Dmitry Peskov, Kim Jong Un, Vladimir Putin, Ellen Kim, Russia's, Joe Biden, Kim Hong Kyun Organizations: Kremlin, Service, Russia, Korean, Korean State Media, Bloomberg, Center for Strategic, International Studies, ROK, South Korea's National Security Council, South, New York Times, Korea's Locations: Korea, North, Russia, Ukraine, North Korea, South Korea, US, Seoul, Asia, East Asia, Moscow, Russian, It's, South
He also found that women will comprise nearly 52% of all eligible voters, which should help Harris. (North Carolina is the sole swing state where he found that they had increased as a portion of eligible voters since 2020.) The groups that Harris needs to give her winning margins are the non-White and college-educated White voters (especially women in each case). “I think Gen Z women, including White women, are very committed to an inclusive democracy,” she said. But this history clearly shows it is likely that the changes in the composition of the eligible electorate Frey has documented will closely track the shifts in the configuration of the actual electorate.
Persons: CNN —, Donald Trump, Kamala Harris, demographer William Frey, Frey, Whites, Liz Cheney, Trump, Ronald Reagan, Reagan, Harris, Harris ’, Trump’s, don’t, , Manuel Pastor, Pastor, , White, she’s, Joe Biden, Biden, Patrick Ruffini, Republican pollster, “ Trump, ” Ruffini, Gen, millennials, Melissa Deckman, ” Deckman, Michael McDonald, McDonald, Barack Obama, NORC, Catalist Organizations: CNN, GOP, White, Trump, Whites, Keystone State, Harris, Metro, Nevada . College, Equity Research, University of Southern, Republican, “ Party of, Religion Research Institute, College, University of Florida, Center for American Women, Rutgers University, Rutgers Center, Pew Research, Democratic, Pew, Edison Research Locations: Philadelphia, Detroit, Milwaukee, Arizona, Nevada, Michigan, Wisconsin, Pennsylvania, North Carolina, In Michigan, In Pennsylvania, Arizona , Georgia, North Carolina . Arizona, Georgia, Nevada and Arizona, University of Southern California, , , , White, Michigan , Pennsylvania, Trump
Here are five NBA rookie storylines to watch in 2024-25. Zach Edey, center, Memphis GrizzliesThe first thing you will notice about Canadian rookie Zach Edey is his formidable size, measuring in at 7-foot-4-inches and 305 pounds. Jared McCain, guard, Philadelphia 76ersOne of the highest profile rookies entering the league this season, former Duke guard Jared McCain has become a social media sensation due to his larger-than-life personality. Bronny James, guard, Los Angeles LakersBronny James comes into the NBA as one of the most scrutinized second round picks of all time. This is because his father is four-time MVP and NBA champion LeBron James, as well as the league’s all-time leading scorer.
Persons: Zach Edey, Edey, Trevor Ruszkowski, Myles Turner, Ja, Jared McCain, McCain, Bill Streicher, Duke, Tyrese Maxey, Maxey, Joel Embiid, Paul George, Rob Dillingham, Anthony Edwards, Vincent Carchietta, Dillingham, Stephon, Victor Wembanyama, Eric Gay, of Famer Chris Paul, Gregg Popovich, Paul, Pop –, Bronny James, James, LeBron James, LeBron, Bronny James dribbles, Cary Edmondson, Bronny, JJ Redick – Organizations: CNN, NBA, Summer League, Memphis Grizzlies, Purdue, UConn, Naismith, Basketball, USA, NCAA, Indiana Pacers, Grizzlies, Philadelphia 76ers, Sixers, Duke, Zion, Boston Celtics, Eastern, Minnesota Timberwolves, Wildcats, SEC, San Antonio Spurs, Team USA, Timberwolves, Dillingham, Big, Huskies, New Spurs, AP, of Famer, Spurs, Los Angeles Lakers, Bronny, University of Southern, Lakers, Golden State Warriors, Sports, Reuters, USC, Trojans, League, South Bay Lakers, LeBron Locations: TikTok, Duke, shifty, The North Carolina, Kentucky, Minnesota, Stephon, San Antonio, University of Southern California
Reuters —Hyundai Motor India’s shares fell 2% in their market debut on Tuesday, after a tepid response from retail investors to the country’s largest ever initial public offering. The stock listed at 1,934 rupees ($23) on India’s National Stock Exchange, compared to its issue price of 1,960 rupees ($23.31), and was last trading down 2% at 1,920 rupees ($22.84) at 0431 GMT (12:31 a.m. Hyundai is India’s No. Its record $3.3 billion IPO was oversubscribed more than two-fold last week, led largely by institutional investors, but pricing concerns deterred retail participation. The issue had valued Hyundai at 26 times its fiscal 2024 earnings, not far off the 29 times multiple for market leader Maruti.
Persons: Maruti Suzuki’s Organizations: Reuters — Hyundai, National Stock Exchange, Hyundai, Hyundai India, Life Insurance Corporation, Maruti Locations: Mumbai, South Korea, India, China, United States
South Korea says 1,500 North Korean troops have been sent to aid Russia in its war in Ukraine. They also said that North Korean troops could find themselves little more than cannon fodder. Other experts said North Korean troops would experience the roughest end of Russia's notoriously brutal military hierarchy, which marks some as expendable. "The grim reality is that the North Korean troops will likely simply be cannon fodder for Russia," said Edward Howell, a North Korea expert at the University of Oxford. AdvertisementHoare also pointed to the risk of North Korean troops defecting, which would loom over any deployment.
Persons: , Volodymyr Zelenskyy, Joseph S, Bermudez Jr, Bermudez, Cannon, Kim Jong, National Intelligence Service Bermudez, Edward Howell, Jim Hoare, Hoare, Suspilne, Kim Jong Un, Vladimir Putin, Kristina Kormilitsyna, Howell Organizations: North, Service, Korea's National Intelligence Service, National Intelligence Service, South, Associated Press, CNN, Center for International, Strategic Studies, North Korean, University of Oxford, BI, The Times, DPRK Locations: Korea, Russia, Ukraine, North, North Korea, Pyongyang, Korean, Russian, South Korea, Seoul, Ukrainian, Koreans, Ussuriysk, South, London, Sputnik
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Shares of Hyundai Motor India fallHyundai Motor India shares retreated more than 5% on Tuesday – their trading debut – according to BSE data. Hyundai Motor India is a wholly owned Indian subsidiary of South Korean automaker Hyundai. New bullish phase for goldGold prices hit a record high of $2,700 per ounce on Monday, and are continuing their ascent Tuesday.
Persons: Australia's, Paul Wong Organizations: CNBC, Nasdaq, Dow Jones, Treasury, Hyundai Motor India, Hyundai, South, Reuters, Sprott Asset Management, Citi, U.S ., Scotiabank, Canadian Locations: Asia, Pacific, India, Reuters ., China, U.S
Spherules can be seen in this sample taken from another meteorite impact. Then all of a sudden, you have a giant tsunami, sweeping by and ripping up the seafloor.”This graphic shows the sequence of events following the S2 giant meteorite impact. When oceans boil and evaporate, they form salts such as those observed in the rocks directly after the impact, Drabon said. The researchers studied layers in this rock and determined that a global tsunami was initiated by the S2 meteorite impact 3.26 billion years ago. “Life during the time of the S2 impact was much simpler,” she said.
Persons: Everests, Nadja Drabon, Drabon, David Madrigal Trejo, Öykü, ” Drabon, , James Zaccaria, impactor, ” Ben Weiss, Robert R, Shrock, Weiss, ” Weiss, It’s, Organizations: CNN, Harvard University, National Academy of Sciences, Sciences, Massachusetts Institute of Technology Locations: Yucatan, what’s, Mexico, South Africa, Cape Cod
Stopover: Seoul, South KoreaPros: Seoul's street food, kid-friendly Korean Air The cinema-themed Hotel28 provides popcorn and gift packs for kids on arrival. Source: MaryLou CostaGetting to Seoul was a cinch on Korean Air, which lets parents pre-book kids' meals like pizza, hot dogs and barbecue chicken. If there's no connecting flight to your destination on the day itself, Korean Air includes a free night's stay at the five-star Grand Hyatt Incheon. Korean Air offered us a free new flight to Australia — a week later. We took a 1.5-hour flight to the beach town of Krabi, where we spent a week at the ShellSea Krabi resort.
Persons: MaryLou Costa, Costa, Grand, Krabi Organizations: London, South Korea, Korean Air, Korean, Grand Hyatt Incheon, Australia —, Don Mueang International, United Arab Emirates, Pricey, Dubai Aquarium Locations: Ingham, Australia, Queensland, Europe, United Kingdom, Seoul, South, Myeongdong, South Korea, London, Bangkok, Thailand, Brisbane, Krabi, Dubai, United, Burj, Pricey Dubai, Aquaventure, Burj Khalifa, Singapore
Shares of South Korean media company YG Plus soared to a seven-month high after the release of a collaboration track between Blackpink member Rosé and Bruno Mars on Oct. 18 topped streaming charts. Rosé debuted in 2016 as one of the four members of Blackpink, under Kosdaq-listed YG Entertainment. Records from The Black Label are distributed by YG Plus, also a YG Entertainment subsidiary. YG Entertainment shares climbed as much as 3.53% on Tuesday. Despite the boost, the parent company's stocks have dropped 22.5% year-to-date, dragged by uncertain conditions facing the global music industry.
Persons: Rosé, Bruno Mars, Taylor Swift Organizations: YG, APT, iTunes, YouTube, YG Entertainment, Atlantic Records, YG Plus Locations: Seoul, Korean, South Korean
Elliott Investment Management launched a podcast to influence Southwest Airlines shareholders. AdvertisementLast week, activist firm Elliott Investment Management launched a podcast as part of its efforts to influence Southwest Airlines shareholders. Related storiesElliott said its "Stronger Southwest" podcast will have one-on-one conversations with the firm's nominated directors. But companies like Southwest and Disney, which saw similar activist interest last year, have a lot of individual investors. Before the podcast, Elliott rolled out a website and accounts on Instagram, X, and YouTube.
Persons: , Elliott, Bob Jordan, Jordan, Gary Kelly, Southwest's, Gregg Saretsky —, Scott Bisang, Bisang, Cas Sydorowitz, Georgeson, Sydorowitz, Disney, Nelson Peltz, Bob Iger Organizations: Elliott Investment Management, Southwest, Service, Apple, YouTube, Bloomberg, Disney, Hollywood
The retired elementary teachers, originally from Syracuse, New York, resolved to leave the US and move to Italy for good. Memorable tripUS couple Tony and Francine Smarrelli, both of Italian descent, relocated to Italy in December 2023. Other plus points included the superb restaurants (cheaper than in the States) and the friendliness of the people, say the couple. According to Tony, his father and grandfather migrated from Italy to the US in 1938 to make a better life for themselves. Lifestyle changeThe couple have found life in Italy to be far cheaper, and say that their monthly expenses are significantly reduced.
Persons: Tony Smarrelli, Francine, Tony, Francine Smarrelli, Mark’s, , ’ ” Tony, , expats, hadn’t, Cooper, He’d, Scalea, he’s Organizations: CNN, Eastern Seaboard, , Pinehurst, Country Club Locations: Venice, Italy, Syracuse , New York, Scalea, Italian, Calabria, St, Tocco, Abruzzo, Naples, American, South California, Syracuse, Pinehurst , North Carolina, “ Southern Italy
But Widodo appointed Subianto as defense chief after his reelection, paving the way for an alliance despite their rival political parties. Backed by Widodo, Subianto swept to a landslide victory in February’s direct presidential election on promises of policy continuity. Subianto was sworn in with his new vice president, 37-year-old Surakarta ex-Mayor Gibran Rakabuming Raka. Leaders and senior officials from more than 30 countries flew in to attend the ceremony, including Chinese Vice President Han Zheng and leaders of Southeast Asia countries. Indonesia is a bastion of democracy in Southeast Asia, a diverse and economically bustling region of authoritarian governments, police states and nascent democracies.
Persons: Prabowo Subianto, Subianto, Prabowo, Gibran, , Atalaric Eka, , Joko Widodo, Widodo, Gibran Rakabuming Raka, Raka, don’t, Jordanian King Abdullah II bin Al, Hussein, Nancy Namrouqa, Abdullah, Han Zheng, Joe Biden, Linda Thomas, Greenfield, Adm, Samuel Paparo, ” Subianto, Suharto Organizations: Widodo, Southeast Asia —, Foreign, U.S, United Nations, Pacific Command, American, Army Locations: JAKARTA, Indonesia, Jakarta, Surakarta, Southeast Asia, Jordan, Jordanian, Amman, Gaza, Subianto, Asia, United States, China, U.S, Australia, Indonesian, Borneo
The 37-year-old is from Hasbaya, a town about six miles from Lebanon’s southern border with Israel. Israeli strikes near the town are happening every day as part of the ongoing war with Hezbollah. Just over one year ago, Hezbollah launched rockets at Israeli positions across the border in solidarity with Palestinians in Gaza. Israel responded in a war that has killed more than 2,400 Lebanese and displaced over 1 million. Hamdan’s father, Ismail, a former Army general, was witness to multiple Israeli invasions and an 18-year occupation of southern Lebanon, including Hasbaya.
Persons: Firas Hamdan, Hamdan, Israel’s, Ismail Organizations: Army Locations: Lebanese, Hasbaya, Lebanon’s, Israel, Beirut, Gaza, Lebanon
CNN —Bronny James, son of all-time NBA leading scorer LeBron James, had the best showing of his young professional career on Friday, posting 17 points in the Los Angeles Lakers’ final preseason game. However, the shorthanded Lakers – who opted to rest several key players including James Sr. – suffered a heavy 132-74 road defeat to the Golden State Warriors. “For him, I’m sure it felt good to have 17 points – I’m not even remotely concerned about that. We’re trying to help him grow into a great basketball player.”Olivari scored a game-high 22 points for LA, while Jonathan Kuminga led Golden State with 17 points. Golden State gets its season underway on Thursday against the Portland Trail Blazers.
Persons: CNN — Bronny James, LeBron James, James, James Sr, , Anthony Davis, D’Angelo Russell, Austin Reaves, Rui Hachimura, JJ Redick, Steph Curry, Steve Kerr, Per, Quincy Olivari, Noah Graham, NBAE, James –, University of Southern California –, I’m, , ” Redick, , – I’m, It’s, ” Olivari, Jonathan Kuminga, Brandin Podziemski, Kyle Anderson, Cary Edmondson Organizations: CNN, NBA, Los Angeles Lakers, Lakers –, Golden State Warriors, The Warriors, State, Western Conference, University of Southern, LA, Golden State, Warriors, USA, Sports, Boston Celtics, New York Knicks, Lakers, Minnesota Timberwolves, Portland Trail Blazers Locations: University of Southern California, Golden
SEOUL, South Korea — North Korean leader Kim Jong Un said South Korea is a foreign and hostile nation, state news agency KCNA reported Friday, with photos showing Kim conferring with high-ranking soldiers and poring over a map labeled “Seoul” at a command post. The reclusive state blasted road and rail links with South Korea this week. “This ‘two hostile countries’ rhetoric is, in the end, Kim Jong Un’s survival strategy ... Don’t interfere, live separately as a hostile country. On Friday, the top military commanders of South Korea and the United States held an annual Military Committee Meeting and expressed concern over security challenges stemming from North Korea’s threats. On Sunday, South Korea will begin annual large-scale military exercises called Hoguk to improve operational performance.
Persons: Kim Jong Un, KCNA, Kim, ” Kim, , ” KCNA, , Yang Moo, Kim Jong Organizations: Seoul, 2nd Corps, North Korean, University of North Korean Studies, North, Joint Chiefs, Staff, Democratic People’s Locations: SEOUL, South Korea, North, North Korea, Seoul, colluding, Washington, U.S, Pyongyang, United States, Russia, Democratic People’s Republic of Korea
It’s this passion and unwavering drive to forge his own path that’s helped reshape fine dining in his birth home. Chef Sung Anh with his brother in the US Army (left) and with family in California (right). Mosu SeoulIn 2017, chef Sung opened Mosu Seoul in the heart of one of the world’s fastest-growing fine dining scenes. CNNAs recognition grows for South Korean food, chef Sung takes things further at Mosu Seoul, celebrating more than just local ingredients. “Chef Sung gives life and character to each dish I make, which I find very respectable.
Persons: Sung, , , Sung Anh, , Saddam Hussein, Mosu, “ I’ve, They’ve, Jong, Sangwoo Kim, Chef Sung, Paik Jong, Mosu —, ” Sung, Chung, Ceramicist Yoon Sol, Yoon Organizations: CNN, Michelin, Netflix, US Army, Korean, US, Porsche, West, Mosu, Acorn, Chefs, Mosu Seoul Locations: Iraq, Korea, American, Seoul, South, San Diego , California, US West Coast, South Korea, California, Vietnam, Baghdad, Dakota , Idaho, Puerto Rico, Hawaii, San Francisco, Mosu Seoul, Mosu, Hong Kong, , Komah, Sao Paulo, New York, Korean, Gangnam, Asia
Sam Altman has taken a more prominent role at OpenAI as several top leaders have left the company. Altman risks spreading himself too thin, three management experts told BI. Now, as Altman leads OpenAI toward a possible for-profit future, some corporate management experts warn that the CEO could stretch himself too thin — taking on too many job functions. Altman and a spokesperson for OpenAI didn't respond to requests for comment from Business Insider. It's possible that Altman could take on the CTO role on a temporary basis, Sonnenfeld said, "but it's not likely that he can do this very long."
Persons: Sam Altman, Altman, , Sam Altman's, OpenAI, Mira Murati, Altman hasn't, Fiss, Elon, Patricia Lenkov, Lenkov, Jeffrey Sonnenfeld, Sonnenfeld Organizations: Service, Business, Bloomberg, University of Southern, Apple, Twitter, JPMorgan, Yale University's School of Management, Yale, Leadership Locations: OpenAI, University of Southern California
The Baltimore Police Department has issued an arrest warrant for a man accused of assaulting two NFL fans after the Baltimore Ravens played the Washington Commanders on Sunday. Video of the assault went viral on social media following Sunday's game in Baltimore, in which the Ravens bested the Commanders 30-23. The video, verified by NBC News, shows a man in a Ravens jersey, allegedly Callis, approaching two men in Commanders jerseys on the streets of Baltimore. The viral clip shows the man wearing the Ravens jersey kicks one of the men wearing a Commanders jersey in his side before punching him in the face. The end of the video shows the front of the man in the Ravens jersey, who raises his arm and high fives someone off camera while shouting "I don't lose!"
Persons: John Callis, Callis Organizations: Baltimore Police Department, NFL, Baltimore Ravens, Washington, Sunday . Police, Ravens, NBC News, Baltimore . Police, South Charles Street, Baltimore, Metro Locations: Baltimore, South Charles, Maryland
State polling misses in presidential elections with Trump Polls underestimated Democrat Republican 2020 D+10 D+5 Even R+5 R+10 Iowa Result Poll avg. State polling misses in presidential elections Polls underestimated Democrat Republican 2012 D+10 D+5 Even R+5 R+10 S.C. One theory, presented by a report evaluating 2020 polls, is that Trump supporters were less likely to respond to surveys. Past polling misses in presidential elections for battleground states Years in bold indicate those in which the polling leader lost in that state. D+15 D+10 D+5 Even R+5 R+10 R+15 Note: Averages not available for some states in some years.
Persons: it’s, Donald J, Hillary Clinton, Joseph R, Biden, pollsters, Barack Obama, Bill Clinton, Trump, Mr, Clinton, Obama, Mitt Romney, John McCain, George W, Bush, John Kerry, Al Gore, , Chris Jackson, Kamala Harris, Trump’s, , Berwood Yost, we’ve Organizations: Republican, Mr, Trump Polls, Ohio Texas, Iowa Ohio, Electoral, N.H . Iowa Nev, Nev . Ohio N.M, Nev . Ohio N.M . Iowa Wis, ., . Ohio Mo, Democratic, Ipsos, Biden, Pew Research, Wisconsin Polling, Michigan Polling, Nevada Polling, Carolina Polling, Arizona Polling, Georgia Polling, Franklin & Marshall, Poll of Pennsylvania Locations: Ohio Texas Fla, N.C ., Ariz . Wis, Pa, Nev . Mich . Wisconsin, N.C, Ariz . Fla, Wis, Pa . Mich, N.H, Minn, Nev, Colo, Fla . Ohio Va, N.H . Iowa, Mich, South Carolina, Mont, Mo, Ind, Indiana, Fla, Nev . Ohio, Nev . Ohio N.M . Iowa, Ore, Hawaii, . Ohio, N.H . Fla, Iowa Minn, Wash, Ill, Florida, pollsters, State, Wisconsin, Michigan, Pennsylvania, Nevada, Carolina, Arizona, Georgia
Ukraine CNN —The spluttering roar of a propeller punctuates the perfect silence. Serge said he had personally overseen more than 500 long-range drone attacks into Russia since its full-scale invasion of Ukraine in February 2022. CNN spent two days traveling across the country with the drone unit as it prepared to launch more than 100 drones overnight into September 29 on a mission into Russia. Sources told CNN in September that Tehran had recently completed the delivery of short-range ballistic missiles to Russia. In September, the unit’s drones hit a Russian ammunition depot between Moscow and St. Petersburg, in Tver region.
Persons: , Serge, GUR, Abbas Araghchi, Vladimir Putin, Vector, it’s, “ We’re, Putin, ” Serge, Sebastian Shukla, Daria Tarasova, CNN “, , Organizations: Ukraine CNN, CNN CNN, UAV Unit, CNN, Iran’s, Maxar Technologies, Maxar, Ukraine, Vector, Pilots, Russian Telegram, Russia –, Technologies Locations: Ukraine, GUR, Russia, Tehran, Iran, Kotluban, Volgograd, Russian, Moscow, St, Petersburg, Tver region, Toropets, United, Ukrainian, Ukraine’s, Donetsk, Luhansk, Kyiv, Russia – Voronezh, Yesk, Rostov, Voronezh
ISIS-K, the Afghan branch of the Islamic State, directed an Afghan man’s foiled U.S. Election Day terror plot, according to two senior U.S. officials briefed on the matter. The revelation that a foreign terrorist organization was in communication with a would-be attacker inside the U.S. makes the alleged Election Day plot different from most terrorism cases in the past decade, most of which involved people self-radicalized online or self-directed attempts. The charging documents say Tawhedi told the FBI that he was communicating with a person named “Malik” and that he knew “Malik” was affiliated with ISIS. Tawhedi’s mother, who lives in Afghanistan, is believed to be an ISIS sympathizer, two U.S. officials said. In the France case, law enforcement officials told NBC News they had opened a preliminary investigation into a potential terror plot in France on Sept. 27.
Persons: Nasir Ahmad Tawhedi, Tawhedi’s, Tawhedi, “ Malik ”, United States Department of Justice Tawhedi, Organizations: Islamic, U.S, FBI, AK, Russia, AP ISIS, ISIS, United States Department of Justice, CIA, NBC News, Terrorism Locations: Islamic State, Afghan, Oklahoma, Russian, Crocus, Moscow, U.S, Afghanistan, Paris, France, Toulouse, Fronton, Haute, Garonne, Iran, Europe
Democratic nominee Kamala Harris said on her campaign's X account that Trump rambled and "looked confused" on stage during the event. Almost 30 minutes into the town hall event, Trump paused the event so someone in the audience could receive treatment. Two minutes later, as Trump faced the fifth question of the night, another person became ill and the song played again. Kristi Noem of South Dakota asked Trump on stage, "Do you want to play your song and then greet a few people?" A national NBC News poll on Sunday put Trump and Harris neck and neck among registered voters, with three weeks to go until election day.
Persons: Donald Trump, Trump, Sinead O'Connor's, Let's, Kamala Harris, Steven Cheung, , Corey Comperatore, Maria, Luciano Pavarotti, Elvis Presley, James Brown, Kristi Noem, Joe Biden, Rufus Wainwright's, Leonard Cohen, The Trump, Harris, Cecilia Harkness, Janice Bauer Organizations: Democratic, Republican, South Dakota, White, Trump, NBC, Sunday Locations: Oaks , Pennsylvania, Butler , Pennsylvania, South, America, Chester County, Montgomery County
The port at Busan, South Korea, in 2020. South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond. Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 Nasdaq Composite reach new record highs. Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month. South Korea's Kospi opened 0.05% higher, while the small-cap Kosdaq was up 0.4%.
Persons: Australia's Organizations: Dow Jones Industrial, Nasdaq, Kospi, Nikkei Locations: Busan, South Korea, Japan, China, Persian Gulf, Asia, Pacific
Israel is facing an interceptor missile shortage, sources told the Financial Times. The head of an Israeli manufacturer of interceptor missiles said its production lines are working 24/7. Stroul also noted that the US is reaching a "tipping point," and may struggle to keep supplying Ukraine and Israel with interceptor missiles at the current pace. AdvertisementHe told Business Insider that he doubts Israel would fully exhaust its interceptor missile supply, and to approach the narrative of an Israeli interceptor missile shortage with caution. According to estimates, the Iron Dome's "Tamir" interceptor missiles cost about $50,000 each.
Persons: , Dana Stroul, Stroul, Ehud Eilam, Israel, Boaz Levy, Levy, Wertman, Hassan Nasrallah, Tamir, Pat Ryder Organizations: Financial Times, Service, Israel's Ministry of Defence, Israel Defense Forces, NPR, Israel Aerospace Industries, University of South, US, Defense, Pentagon Locations: Israel, Iran, Ukraine, Tel Aviv, Gaza, Hezbollah, Lebanon, Yemen, University of South Wales
Asian chip stocks rose on Tuesday after Nvidia closed at a record high overnight as the chip company continues to ride the massive artificial intelligence wave. Stocks tied to Nvidia suppliers as well as other chip companies advanced as the bullish investor sentiment spilled over. Shares of South Korean chipmaker SK Hynix, which manufacturers high bandwidth memory chips for AI applications, for Nvidia surged 2.5%. Samsung Electronics, which is expected to be manufacturing HBM chips for some Nvidia products, saw its shares rise 0.5%. Japanese semiconductor manufacturing firm Tokyo Electron surged 5%, testing equipment supplier Advantest gained 3.6% and Renesas Electronics rose over 4%.
Persons: Stocks Organizations: Nvidia, Korean chipmaker SK Hynix, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Hai Precision Industry, Tokyo, Advantest, Renesas Electronics, SoftBank Group
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