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Second-quarter annual growth came in at 2.9%, central bank data showed. The economy is facing downside risks stemming from weaker-than-expected global growth, and a deeper or longer-than-expected technology downcycle," Governor Abdul Rasheed Ghaffour told a news conference. While he does not expect a worldwide recession, the governor said global growth will be below the long-term average. Malaysian consumers are also likely to be cautious in their spending going forward, leading to slower economic growth in the second half, he said. On Friday, the central bank said while cost pressures have eased, headline and core inflation will moderate further in the second half partly due to a higher comparative base last year.

Persons: Abdul Rasheed Ghaffour, El Nino, Abdul Rasheed, Mohd Afzanizam Abdul Rashid, Mohd Afzanizam, Alex Holmes, Holmes, BNM, Mei Mei Chu, Martin Petty, Jacqueline Wong Organizations: China, Reuters, Bank Negara, Bank Muamalat, Oxford Economics, U.S, Thomson Locations: KUALA LUMPUR, Bank, Bank Negara Malaysia, Malaysia, Bank Muamalat Malaysia

☆ Industrial earnings rise 14% versus the same quarter a year ago
▼ + stars: | 2023-08-17 | 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 EmailIndustrial earnings rise 14% versus the same quarter a year agoCNBC's Dominic Chu reports on the industrial sector ahead of Deere's earnings results.

Persons: CNBC's Dominic Chu

☆ Private jet crashes into motorbike and car in Malaysia, kills 10
▼ + stars: | 2023-08-17 | by ( Hasnoor Hussain | ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Aug 17 (Reuters) - A small private jet crashed into a motorbike and a car while attempting to land at an airport in the outskirts of Malaysian capital Kuala Lumpur, leaving at least 10 people dead, officials said on Thursday. The aircraft lost contact with the air traffic control tower and crashed into a motorbike and a car on the highway, he said. "There was no emergency call, the aircraft had been given clearance to land," Hussein Omar said. The CAAM said the flight was operated by Jet Valet Sdn Bhd, a Malaysian private jet services company. Reporting by Mei Mei Chu and Hasnoor Hussain; Editing by Martin Petty and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Hussein Omar Khan, Hussein Omar, Sultan Abdul Aziz Shah, Norazman Mahmud, CAAM, Jet, Mei Mei Chu, Hasnoor Hussain, Martin Petty, Toby Chopra Organizations: Beechcraft, Subang Air Traffic, Jet, Reuters, Thomson Locations: KUALA LUMPUR, Malaysian, Kuala Lumpur, Elmina, Selangor, Langkawi, Subang

☆ CNBC Pro Talks: What the best minds on Wall Street are buying
▼ + stars: | 2023-08-16 | by ( Sarah Min | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Top investors Tom Lee and Stephanie Link spot buying opportunitiesWith summer winding down and Wall Street getting back to business, investors are set to see if 2023's surging market will run or stumble for the rest of the year. CNBC Pro assembled two of the best experts in the business to break down the homebuilder trade, energy sector and more. Fundstrat's Tom Lee and Stephanie Link of Hightower Advisors sat down with CNBC's Dominic Chu and shared their best stock picks and outlook.

Persons: Tom Lee, Stephanie Link, Hightower, CNBC's Dominic Chu Organizations: Wall Street, CNBC Pro, Hightower Advisors

☆ Thinking of building an ADU in your backyard? Here are some pros and cons.
▼ + stars: | 2023-08-07 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Backyard tiny homes are increasing in popularity, especially in California. If you're considering building a tiny home in your yard, here are some pros and cons to consider. San Jose homeowner and ADU advocate Joyce Higashi rents her backyard home to traveling nurses for $3,000 per month, she previously told Insider. Pro: Tiny homes can allow a child or elderly parent to remain nearbyAn ADU in Seattle. Selma Hepp, chief economist at CoreLogic, previously told Insider she ran into many challenges when building her ADU.

Persons: it's, Glenn Robinson, Robinson, Joyce Higashi, Eugene Chu, Peter Bohler, Cindy Loughridge, Seth Restaino, Redfin, Higashi, Selma Hepp, Abodu, George Beatty, Realtor.com Organizations: Service, National Association of Realtors ., California Housing Works, Pew Research Center, Terner Center, Housing Innovation, University of California, Villa Locations: California, Wall, Silicon, Sonoma ., National Association of Realtors . California, Redwood City , California, Jose, San Diego, Seattle, Bay, Sonoma, Golden, Berkeley, Philadelphia

☆ Is It Possible to Buy a House in Your 20s? Yes, but Only With Some Help.
▼ + stars: | 2023-08-05 | by ( Jessica Fu | ) www.nytimes.com time to read: +2 min

At first, Mr. Chu hesitated. The father-son pair ended up buying a two-bedroom condo in the Sherman Oaks neighborhood for $600,000. Mr. Chu poured his savings into the purchase, covering around 5 percent of the cost; his father put up the rest. The way Mr. Chu sees it, the past plays an enormous role in the lucky position he occupies in the present. “When it comes to cold, hard numbers, I think it is really helpful to be transparent,” Mr. Chu said.

Persons: Chu, Mr, “, ”, He’s Organizations: Sherman Oaks Locations: Sherman, Hong Kong, United States, Seattle

☆ Dominique Dawes on bringing a champion's mindset to business
▼ + stars: | 2023-08-03 | 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 EmailDominique Dawes on bringing a champion's mindset to businessWorld-renowned, highly decorated gymnast Dominique Dawes joins CNBC's Dominic Chu to discuss her Gymnastics Academy, founded to help develop kids' intrinsic self worth and self esteem, and place more emphasis on building character than record books.

Persons: Dominique Dawes, CNBC's Dominic Chu Organizations: Gymnastics Academy

☆ How to Apply an Olympic Mindset to Entrepreneurship
▼ + stars: | 2023-08-02 | by ( Dominic Chu | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to Apply an Olympic Mindset to EntrepreneurshipAthletes and entrepreneurs possess similar qualities, like grit, determination, and perseverance. A three-time Olympic gymnast will join us to share how she is now applying the same mindset that earned her a gold medal to her newest endeavor as a small business owner, and how you can too. This interview was a part of CNBC's Small Business Playbook event on August 2nd, 2023.

Organizations: Entrepreneurship Athletes, CNBC's

☆ 4 careers where workers will have to change jobs by 2030 due to AI and shifts in how we shop, according to a McKinsey study
▼ + stars: | 2023-07-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Nearly 12 million US workers may need to switch jobs by 2030, a McKinsey study found. But between now and 2030, the McKinsey researchers projected that 11.8 million workers will have to change jobs not because they want to, but because they have to. Roughly nine million of them might have to find new jobs in new industries altogether, the study found. The study found that Americans in lower-wage jobs are up to 14 times more likely to need to change occupations by 2030. Chui said this could lead to less demand for some jobs and increased demand for others — like healthcare workers.

Persons: Michael Chui, Chui, Chu, we're Organizations: McKinsey, Service, McKinsey Global Institute, America Locations: Wall, Silicon, United States

☆ The week that was: Fed hikes interest rates
▼ + stars: | 2023-07-28 | 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 EmailThe week that was: Fed hikes interest ratesCNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

Persons: Dominic Chu

☆ The week ahead: Investors brace for week of earnings
▼ + stars: | 2023-07-28 | 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 EmailThe week ahead: Investors brace for week of earningsCNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

Persons: CNBC's Dominic Chu

☆ Bitcoin on pace for fifth week of losses
▼ + stars: | 2023-07-28 | 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 EmailBitcoin on pace for fifth week of lossesCNBC's Dominic Chu reports on the recent performance of Bitcoin and Ethereum.

Persons: CNBC's Dominic Chu

☆ 10 ways artificial intelligence is changing the workplace, from writing performance reviews to making the 4-day workweek possible
▼ + stars: | 2023-07-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +13 min

Here are 10 ways AI tools such as ChatGPT have entered the workplace — and what may come out of it. Nick Patrick, the owner of the music-production company Primal Sounds Productions, told Insider he used ChatGPT to fine-tune legal contracts for clients. "You really got to find time to, like, learn this skill," Nigam previously told Insider. Companies are using AI to write their performance reviewsManagers may find writing performance reviews for their employees a tough task. He told Insider: "Any technology that increases productivity, ChatGPT included, makes a shorter workweek more feasible."

Persons: OpenAI, Nick Patrick, Shannon Ahern, hadn't, Jensen Huang, Huang, Akash Nigam, Nigam, Neil Taylor, ChatGPT, Taylor, Insider's Beatrice Nolan, Nolan, would've, Jasmine Cheng, Cheng, WorkLife, Carl Benedikt Frey, Michael Chu, iHeartMedia, Goldman Sachs, Goldman, Suumit Shah, chatbot, Anu Madgavkar, Richard Baldwin, Fran Drescher, Jezebel — Organizations: Morning, IBM, Workers, Primal Sounds Productions, Google, Twitter, Companies, Employers, Nvidia, ChatGPT, Sky News, Hulu, Spotify, Mobile, Oracle, Columbia Business School, McKinsey Global Institute, Apple, JPMorgan, Northrop Grumman, AIs, Writers Guild of America, SAG, Journalists, GMG Union of, Media Locations: Taipei, Taiwan, Oxford

☆ Public and Private Lives, Playing Out in Four Sultry Romance Novels
▼ + stars: | 2023-07-19 | by ( Olivia Waite | ) www.nytimes.com time to read: +1 min

An emotional reactionary, he was bumping right up against the on-page shenanigans limit for me. But he was her coward.” This line changes nothing except the reader’s perspective — but that perspective is all-important. Bashir might have the money — and the yachts, and the hotels — but the book gives Yusra the right of claiming. Lily Chu’s two most recent books, last year’s THE STAND-IN (Sourcebooks Casablanca, 384 pp. paperback, $14.99) and THE COMEBACK (Sourcebooks Casablanca, 400 pp., paperback, $16.99), also star wealthy heroes, but here, the heroines are the ones who are up to shenanigans.

Persons: Bashir, He’s, Yusra, Lily Chu’s, Sourcebooks Locations: Casablanca, Sourcebooks Casablanca

☆ ‘Boys Love’ genre finds new audiences in South Korea
▼ + stars: | 2023-07-17 | by ( Jake Kwon | ) edition.cnn.com time to read: +9 min

Not only was the TV series part of a genre — Boys’ Love, or BL for short — that was lesser-known in South Korea, it depicted something rarely seen on the country’s screens: same-sex romance. “Semantic Error,” which was based on a popular web novel of the same name, tells the story of two male college students who fall in love. And the risk paid off: “Semantic Error” became a hit upon its release in 2022. There are currently more than 20 BL shows being produced in South Korea. The on-screen adaptation of "Semantic Error" stars Park Seo-ham as Jang Jae-young and Jaechan as Chu Sang-woo.

Persons: Park Jae, chan, ” Jaechan, Jaechan, Chu Sang, “, ”, —, Kim Hyo, Jeong Areum, Kakao, Kim, Jennifer Konig, J, Kim Hye, ” Kim, Jang Jae, Thomas Baudinette, Jeong, South Korea’s, Go Tae, Holland, ” Holland, “ That’s Organizations: CNN, Elle, Cosmopolitan, BL, Seoul National University . Local, Sydney’s Macquarie University, South Locations: South Korean, South Korea, Japan, Seoul, Asia, Taiwan, Thailand, Korean

☆ Malaysian PM Anwar discusses Tesla investment, Starlink with Musk
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, July 14 (Reuters) - Malaysian Prime Minister Anwar Ibrahim said on Friday he held a call with billionaire Elon Musk to discuss automaker Tesla's investment in the country and SpaceX's satellite communications service. "I welcome the company's interest and decision to invest in Malaysia, and Elon Musk's willingness to come to Malaysia," Anwar said in a statement. Anwar said Tesla's operations in Malaysia will begin this year. The two also discussed Starlink, the satellite communications service started by Musk and operated by his company SpaceX, Anwar said. Reporting by A. Ananthalakshmi and Mei Mei Chu; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Anwar Ibrahim, Elon Musk, Elon Musk's, Anwar, Tesla's, Tesla, Mei Mei Chu, Kanupriya Kapoor Organizations: Malaysian, Musk, SpaceX, Thomson Locations: KUALA LUMPUR, Malaysia

☆ Investor confidence dissipating ahead of 'reality check' earnings season, says Peter Boockvar
▼ + stars: | 2023-07-06 | 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 EmailInvestor confidence dissipating ahead of 'reality check' earnings season, says Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO and CNBC's Dominic Chu, join 'The Exchange' to discuss the bond market's recent performance, if investors are confident in the situation with the banks, and much more.

Persons: Peter Boockvar Peter Boockvar, CNBC's Dominic Chu Organizations: Bleakley Financial

☆ Hydrocarbons will be important part of future ASEAN energy mix
▼ + stars: | 2023-06-26 | by ( Mei Mei Chu | ) www.reuters.com time to read: +2 min

[1/4] Logo of Energy Asia conference is seen during the event in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor HussainKUALA LUMPUR, June 26 (Reuters) - Hydrocarbons will continue to be an important part of the energy mix in Southeast Asia, Malaysian Prime Minister Anwar Ibrahim said on Monday, as affordability and energy security remain key concerns for the region of more than half a billion people. Achieving net-zero emissions targets should not come "at the expense of economic growth or vice versa", Anwar said in opening the inaugural Energy Asia conference, hosted by Malaysia's state oil firm Petronas (PETRA.UL). Anwar said natural gas would play an important role in the energy mix for Malaysia, which is among the world's top five LNG exporters. The event brings together global energy leaders, companies and policymakers to discuss the region's energy transition.

Persons: Anwar Ibrahim, Anwar, IRENA, Kanupriya Kapoor, Kim Coghill, Himani Organizations: Energy Asia, REUTERS, Malaysian, Petronas, Malaysia, Organization of, Petroleum, International Renewable Energy Agency, Saudi Aramco, TotalEnergies, Thomson Locations: Kuala Lumpur, Malaysia, Hussain KUALA LUMPUR, Southeast Asia, Asia, Saudi

India's top solar power producing state Rajasthan has been getting "early warnings" of technical challenges that could arise as the use of renewables increases, a federal power ministry official said. "If proper tariff structures incentivising flexible thermal generation are not introduced, it could result in slower renewable energy adoption," he said. Reuters GraphicsSOLAR, PLUS COALGreen energy capacity in Asia grew 12% in 2022, the fastest rate among major regions, according to the International Renewable Energy Agency. However, authorities in India's sun-drenched Rajasthan state are finding it increasingly difficult to control voltage fluctuations due to the inconsistent nature of solar power output. "Many of these renewable plants are not actually able to comply with such requirements," the official said.

Persons: Rystad, Wood Mackenzie, Lauri Myllyvirta, Pablo Hevia, Koch, Hevia, Florence Tan, Yuka Obayashi, Andrew Hayley, Fransiska, Gopal Sharma, Mei Mei Chu, Joyce Lee, Tony Munroe, Jamie Freed Organizations: Engie, Centre for Research, Clean Energy, Air, Reuters, International Renewable Energy Agency, International Energy Agency, Thomson Locations: China, India, Asia, Wood Mackenzie SINGAPORE, Rajasthan, Pacific, Malaysia, Pakistan, Bangladesh, Vietnam, Singapore, Tokyo, Bangkok, Beijing, Jakarta, Khanh Vu, Hanoi, Kathmandu, Kuala Lumpur, Seoul

☆ FTC files lawsuit against Amazon related to Prime enrollment practices
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC files lawsuit against Amazon related to Prime enrollment practicesCNBC's Dominic Chu reports on the latest news surrounding the Amazon lawsuit.

Persons: Dominic Chu Organizations: Amazon

☆ BlackRock files for bitcoin ETF in push into crypto
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and Exchange Commission (SEC). Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States. A spot bitcoin ETF would track bitcoin's underlying market price. The SEC rejected Grayscale Investment LLC’s application last year to convert its flagship spot Grayscale Bitcoin Trust (GBTC.PK) into an ETF. The SEC has also rejected proposals for spot bitcoin ETFs from firms including Fidelity, Cboe Global Markets and NYDIG.

Persons: Brendan McDermid, Joshua Chu, CoinDesk, Manya Saini, Niket, Ankur Banerjee, Rae Wee, Devika Syamnath, Pooja Desai Organizations: BlackRock, New York Stock Exchange, REUTERS, U.S . Securities, Exchange Commission, SEC, Fidelity, Cboe, Thomson Locations: New York City, U.S, BlackRock, United States, Bengaluru, Singapore

☆ Think A.I. is Coming for the Watch World? It’s Already There.
▼ + stars: | 2023-06-15 | by ( Victoria Gomelsky | ) www.nytimes.com time to read: +2 min

During a press roundtable event at the Cartier booth at Watches and Wonders, Cyrille Vigneron, the brand’s chief executive, said that A.I. “By having so much data coming from call centers or web inquiries or even what words customers use on comments or on their own social media, you have a lot of words,” Mr. Vigneron said. “What we’ve done for the last five years is be distinctively ourselves,” Mr. Vigneron said. “That’s collective intelligence, and not artificial.”Expansion plansBrands aren’t the only watch-world entities looking to optimize their operations with A.I. Wristcheck, a Hong Kong retailer of pre-owned watches, is planning to introduce what it calls Wristcheck Intelligence this year.

Persons: Cyrille Vigneron, Cartier, Mr, Vigneron, “, ”, “ We’re, ” Mr, ” Austen Chu Organizations: Cartier, Normale, A.I Locations: Hong Kong

☆ House Democrats press Walmart, Costco, Kroger to sell abortion pill mifepristone
▼ + stars: | 2023-06-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

In this photo illustration, packages of Mifepristone tablets are displayed at a family planning clinic on April 13, 2023 in Rockville, Maryland. House Democrats on Thursday called on Walmart, Costco , Kroger , Safeway and Health Mart to publicly commit to sell the prescription abortion pill mifepristone at their retail pharmacies. Goldman and Rep. Judy Chu, D-Calif., sent a letter asking the companies' CEOs to confirm by June 23 whether their pharmacies will get certified to sell the abortion pill. Democratic governors and senators asked the companies in March whether their pharmacies will get certified to dispense the medication. The largest retail pharmacies in the U.S. have found themselves increasingly caught in the middle of the national battle over abortion access, which was set in motion by the Supreme Court's decision to overturn Roe v. Wade last June.

Persons: Dan Goldman, Goldman, Judy Chu, Roe, Wade Organizations: House Democrats, Walmart, Costco, Kroger, Safeway, Health Mart, Drug Administration, FDA, Democratic, U.S, U.S . Constitution Locations: Rockville , Maryland, U.S, U.S .

☆ A supernova that exploded in a nearby galaxy is one of the brightest in a decade. Here's how to see it.
▼ + stars: | 2023-06-12 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

A supernova has exploded in the Pinwheel Galaxy 21 million light-years away. Named SN 2023ixf, it sets itself apart by being one of the brightest seen in a decade. The supernova, which appeared in the Pinwheel Galaxy 21 million light-years away, is one of the biggest and brightest in our skies in a decade, Space.com reported. But this supernova, named SN 2023ixf, sets itself apart by its proximity to Earth: it's located in the Pinwheel Galaxy, which is only about 21 million light-years away. The Pinwheel Galaxy is located close to two of the stars in the handle of the Big Dipper.

Persons: —, Space.com, Dan Perley, Kuntz, Mould, Chu, Jacoby, Hanna, Miller, Rodriguez, de Martin, Koichi Itagaki, Webb, Perley, It's Organizations: Galaxy, Service, Liverpool John Moores Observatory, Hubble, Gemini, NASA, ESA, K, JHU, Bresolin, University of Hawaii, Jet Propulsion, University of Illinois, CSA Locations: Urbana, Canada, France, Hawaii, T.A

☆ Wicked movie: Cynthia Erivo says she 'fell to tears' after filming emotional musical number on set
▼ + stars: | 2023-06-11 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Cynthia Erivo shared a moving message about her experience so far filming the “Wicked” movie and the flood of emotions she felt after shooting a musical number. Posting a photo on her verified Instagram page of her long green nails and a movie script for the two-part film, Erivo, who plays the Wicked Witch of the West, Elphaba, said her heart “broke open and tears fell” after she finished filming scenes for the song, “I’m Not That Girl.”“I thought of us, the ones who often feel like they’re on the outside. The ones who don’t know that their differences, oddities, quirks are what make them beautiful and special. Jon M. Chu directs, with Ariana Grande starring as Glinda alongside Erivo’s Elphaba. Jeff Goldblum, Oscar-winner Michelle Yeoh, Jonathan Bailey and Bowen Yang round out the cast.

Persons: Cynthia Erivo, “, ”, ” Erivo, Oz, Elphaba, Jon M, Chu, Ariana Grande, Glinda, Erivo’s Elphaba, Jeff Goldblum, Oscar, Michelle Yeoh, Jonathan Bailey, Bowen Yang, you’ll, Jon, Ari Organizations: CNN, Broadway Locations: Oz

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