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☆ It appears Biden is 'much closer to bowing out today' than he was 24 hours ago, analyst says
▼ + 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 EmailIt appears Biden is 'much closer to bowing out today' than he was 24 hours ago, analyst saysLanhee Chen, director of domestic policy studies in the public policy program at Stanford University, says Joe Biden "no longer finds himself in a position to be really competitive with Donald Trump in this race."

Persons: Biden, Lanhee Chen, Joe Biden, Donald Trump Organizations: Stanford University

☆ Nvidia rebounds after TSMC says AI chip demand remains strong
▼ + stars: | 2024-07-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Nvidia's rise came after TSMC said on Thursday that demand remains high and supply remains constrained for high-end AI chips, which TSMC manufactures for Nvidia. Today, the demand is so high I had to work very hard to meet customer demand," Wei told analysts. On Wednesday, the semiconductor sector had its worst day since 2020, with big drops from AMD , Arm , Broadcom and Qualcomm alongside Nvidia. A Chinese invasion would throw Nvidia's chip supply into question. Nvidia stock is up more than 150% so far in 2024.

Persons: Jensen Huang, Donald Trump, TSMC, Wei, C.C, Laura Chen, chipmakers, Biden Organizations: Nvidia, SAP Center, AMD, Broadcom, Qualcomm, Citi, Micro, Intel, OpenAI, Bloomberg, UBS Locations: San Jose , California, Taiwan, Arizona, China, Dutch

☆ Asia is preparing for a rogue US if Trump and Vance win the election, security and foreign policy experts say
▼ + stars: | 2024-07-18 | by ( Matthew Loh | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump upended the election tradition of "balancing the ticket" when he picked Ohio Sen. JD Vance as his running mate. Vance, a former Trump critic turned MAGA stalwart, has voiced foreign policy views in lockstep with Trump. "I think Trump's tenure has shown that fears of abandonment or ignorance of politics in Asia are overblown," he said. US-China relations won't change much, whether it's Trump or Biden at the wheelEven though Trump started the US-China trade war, experts say that China won't be too bothered if he returns to the White House. AdvertisementFor one, the Biden administration has kept most of Trump's China tariffs in place.

Persons: —, Donald Trump upended, Ohio Sen, JD Vance, MAGA, Asia that's, Vance, Trump, Dylan Loh, Loh, Chong Ja Ian, It's, it's Trump, Biden, NTU's Loh, Joe Biden hasn't, Kevin Chen, Mr Trump, Chen Organizations: Service, Trump, Business, Pacific, Asia, Nanyang Technological University, NTU, National University of Singapore, NATO, Democrat, Republican, NTU's, Rajaratnam, of International Studies Locations: Asia, lockstep, China, Ukraine, Europe, Japan, South Korea, Taiwan, Philippines, South China, France, Beijing, Pacific

☆ Bosses in China have been accused of making job applicants take pregnancy tests: report
▼ + stars: | 2024-07-17 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSeveral Chinese companies have been accused of introducing a controversial and illegal new step to their recruitment process: Pregnancy tests. "We can speculate from this evidence that the pregnancy tests were required by these companies, and it had violated women's rights to equal work opportunities," the prosecutors said, according to SCMP. As CNN and SCMP reported, Chinese companies can be fined up to 50,000 yuan, or around $6,900, for gender discrimination. It said that after China scrapped its one-child policy several years ago, the majority of women surveyed by various Chinese companies and women's groups said they had been subjected to discrimination.

Persons: —, Prosecutors, SCMP, Chen, Huang Organizations: Service, Prosecutors, CNN, South China Morning, Business, Human Rights Watch Locations: Nantong, Jiangsu, China

☆ Usha Vance is the 4th person of South Asian descent to be part of the 2024 presidential campaign. Why that matters
▼ + stars: | 2024-07-16 | by ( Chelsea Bailey | ) edition.cnn.com time to read: +6 min

“It’s about time,” he said, adding the Vances “are going to represent a new generation of Americans.”The 2024 presidential campaign has seen three politicians of South Asian descent vying for the White House: Former South Carolina Gov. Since 2020, according to Pew, the number of eligible Asian American voters has increased by 2 million – roughly the population of Nebraska. According to the Asian American voter survey, the economy, education, inflation and immigration were “highly important” for Asian Americans this election cycle. Kumar said immigration is top of mind for many South Asian Republican voters because of the backlog facing millions of Hindu and Indian Americans who are waiting for green cards. Chen said the work must continue to engage with Asian American voters – many of whom are immigrant, first-time voters – to understand the key role they could play in the upcoming election.

Persons: ” Kumar, Donald Trump, Ohio Sen, JD Vance’s, Usha, ”, Nikki Haley, Vivek Ramaswamy, Kamala Harris, Joe Biden, Haley, Ramaswamy, Vance, Usha Vance, Chintan Patel, United States Kamala Harris, ” Patel, Patel, reimagine, ” Trump, Christine Chen, ” Chen, “ We’re, Kumar, –, Chen, “ It’s Organizations: CNN, Republican Hindu Coalition, Indian Coalition of, Republican National Committee, Yale, White, Former South Carolina Gov, Republican, Trump, Republican National Convention, Indian, Pew Research, Pew, Pacific Islander, AAPI, Advancing Justice, AARP, Voter Survey, American, Democratic Party, Asian, South Asian Republican Locations: Ohio, United States, South, Nebraska, Georgia

☆ Hoover Institution's Lanhee Chen on Republican Party: A definite shift in a neopopulist direction
▼ + stars: | 2024-07-16 | 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 EmailHoover Institution's Lanhee Chen on Republican Party: A definite shift in a neopopulist directionLanhee Chen, Hoover Institution fellow and former Romney-Ryan 2012 campaign policy director, joins 'Squawk Box' to discuss the takeaways from day 1 of the Republican National Convention, state of the Republican Party, Trump's running mate JD Vance, and more.

Persons: Hoover, Lanhee Chen, Romney, Ryan, JD Vance Organizations: Republican Party, Hoover Institution, Republican National Convention

☆ Use this formula to advocate for yourself and say 'no' to more work, says author of 'Smart, Not Loud'
▼ + stars: | 2024-07-15 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

When you think of advocating for yourself in the workplace, you probably imagine asking for a promotion. Part of self-advocacy, though, is learning how to say "no" to tasks you don't have the bandwidth for. In her new book "Smart, Not Loud," Jessica Chen outlines how you can push back against accepting more work, even if you're uncomfortable saying "no." "In the process of always saying yes, we sacrifice our time and take on work that does not really help us," she writes. In her book, she offers up a formula that can help you turn down work in a way that doesn't ruin your workplace relationships.

Persons: Jessica Chen, Chen, SoulCast Organizations: Society for Human Resource Management

☆ Malayan tiger teeters on ‘brink of extinction’ as spate of deaths sparks alarm
▼ + stars: | 2024-07-13 | by ( Heather Chen | ) edition.cnn.com time to read: +4 min

Against that already grim backdrop, photos and videos of a dead Malayan tiger went viral on social media in late June. It was the fourth Malayan tiger killed by a vehicle collision between November 2023 and May 2024, according to authorities. Video Ad Feedback In Thailand, these tigers are coming back with a roar 04:04 - Source: CNNEight-year planThe Malayan tiger was recognized as a subspecies in 2004. In an eight-year National Tiger Conservation Action Plan released in collaboration with non-profit groups in 2020, Malaysian officials outlined priorities such as conservation tools and a “National Physical Plan” to aid conservation efforts. CNN has reached out to official wildlife agencies for further comment about recent tiger conservation efforts.

Persons: ” Henry Chan, ” Chan, “, ”, Mark Rayan Darmaraj Organizations: CNN, Malayan, World Wildlife Fund Malaysia, Wildlife Conservation Society Malaysia, Conservation Locations: Malaysia, Kelantan, Pahang, Perak, Thailand, Bengal, South Asia, Malayan

☆ An introvert's guide to speaking up in meetings: Be 'pointed and succinct,' one expert says
▼ + stars: | 2024-07-12 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

I've always admired people to whom speaking up during meetings comes naturally. "Finding the right words to say in front of others can be one of the most frustrating games we play in our own head," she writes. Chen, now the CEO of communications training agency SoulCast, offers up a strategy for contributing during meetings in an impactful way. Called the "A4 Sequence," it's a series of actions that can help you chime in at the right time with the right information. "Speaking at meetings is about being pointed and succinct," she writes.

Persons: I've, Jessica Chen, Chen

☆ Bukchon Hanok Village: South Korea to set visitor curfew for historic district to crackdown on tourists
▼ + stars: | 2024-07-11 | by ( Heather Chen | ) edition.cnn.com time to read: +4 min

Known for its picturesque and well-preserved traditional Korean houses called “hanok,” Bukchon Hanok Village is one of Seoul’s most popular tourist hot spots – attracting thousands of visitors every day. But tourists greatly outnumber residents and complaints about noise, littering and privacy issues in the vicinity have escalated over the years. Located in the Jongno district in downtown Seoul, Bukchon sits near other cultural landmarks like the Jongmyo royal ancestral shrine and the grand Gyeongbokgung and Changdeokgung palaces. In a bid to ease tensions and control crowds, district officials will start to restrict tourist access to the popular village from as early as October this year. Out-of-control tourists have been especially problematic in Kyoto, one of Japan’s most popular tourist cities, famed for its iconic Gion geisha district.

Persons: Rhee Soo, Lee Youn, ” Lee, Overtourism, Sindere, “, ”, Emma Hägg Organizations: South Korea CNN, CNN, Tourists Locations: Seoul, South Korea, throngs, Jongno, Bukchon, South Korea’s, Korea, Barcelona, Italy’s, Venice, Japan, Mount Fuji, Kyoto, Sweden, Swedish

☆ Millionaires are leaving Hong Kong, but its art scene is booming
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: +13 min

Narration: Home to a host of financial institutions, Hong Kong is one of the world's wealthiest cities. The Hong Kong Art Gallery Association recorded a 27% increase in member galleries between 2021 and 2023. Nicolas Chow: Chinese art and ancient Chinese art is really at the genesis of Sotheby's Hong Kong when we came here. Angelle Siyang-Le: We firmly believe that Hong Kong is the best place to do art business in Asia, Hong Kong is a natural melting. Emily Tan: That's all from Hong Kong – join us next time in a new city as we explore 'The Art of Appreciation.'

Persons: –, Nicolas Chow, Emily Tan, we've, they've, It's, Emperor Chen, Chen, it's, I'm, who'll, she's, Mak2, Allison Cheung, Angelle, Hong Kong, they're, Emily, Hong Kong – Organizations: Hong, Hong Kong Art Gallery, Asia, Art, Basel, Art Basel Locations: Hong Kong, Asia, Art Basel, Sarthe, Hong Kong's, Swiss, Basel, Miami, Paris, Hong, US, Australia, Switzerland, France, Southeast Asia, Korea, Mak2, Sims

☆ Supporters of the High Line Aim to Block Plan to Build a Casino Nearby
▼ + stars: | 2024-07-10 | by ( Stefanos Chen | ) www.nytimes.com time to read: 1 min

A plan to build a casino over a sprawling rail yard on Manhattan’s Far West Side has a new, formidable opponent: parkgoers. Friends of the High Line, an influential nonprofit that operates the nearby 1.5-mile rail-line-turned-park, said Wednesday that it will muster supporters to attempt to thwart the development plan. The opponents of the casino proposal said the development would block views of the city from the High Line and create gusty winds and cast long shadows that could hurt local businesses. The proposal, submitted in February, would also create a 1,180-foot apartment tower, a 1,376-foot office building, a public school and day care. The development, in Hudson Yards, is being led by Related Companies, which built the eastern half of the site, and Wynn Resorts, a Las Vegas gambling giant.

Organizations: Related Companies, Wynn Resorts Locations: Hudson Yards, Las Vegas

☆ Silkworm satay? Singapore approves insects as food
▼ + stars: | 2024-07-09 | by ( Heather Chen | ) edition.cnn.com time to read: +2 min

Singapore’s state food agency (SFA) has approved 16 species of edible insects for sale and consumption in the country, according to a July 8 public circular addressed to food traders. Insects approved by the SFA include locusts, grasshoppers, mealworms and several species of beetle. “Insects are an overlooked source of protein and a way to battle climate change,” according to a 2022 report by the World Economic Forum. Live insects are commonly sold in Singapore as food for pets like songbirds and reptiles, but they could be a new and exciting option for human diners. “As the insect industry is nascent and insects are a new food item here, SFA has developed an insect regulatory framework which puts in place guidelines for insects to be approved as food,” SFA said.

Persons: nasi lemak, ”, Grasshopper tacos Organizations: CNN, SFA, ” SFA, World Economic, Grasshopper Locations: Singapore, Mexico, Thailand, Cambodia

☆ Every employee needs a 'Yay Folder,' says author of 'Smart, Not Loud:' Here's what that means
▼ + stars: | 2024-07-09 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

She was taught to do her work, hit her goals and not cause any trouble. "Growing up, I was never taught the importance of making myself visible, of continually following up as a way of staying top of mind," she wrote. "I was never taught the importance of being proactive or how to speak up with tact." After a few years in the workforce, she realized silently completing tasks is a poor strategy for getting ahead. One you can do right away: Create a "Yay Folder."

Persons: Jessica Chen

☆ I flew on a major airline's Pokémon-themed plane. The unforgettable experience didn't cost extra — and it came with souvenirs.
▼ + stars: | 2024-07-07 | by ( Andrew Chen | ) www.businessinsider.com time to read: +1 min

During my flight on the Pikachu Jet NH, I found themed music, cups, and crew uniforms. The special onboard touches and free souvenirs made it a unique and memorable flight. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But amid Boeing delivery delays and high operating costs, some airlines may just have a leg up because of fun collaborations and unique flights. By partnering with Pokémon Air Adventures, major Japanese airline All Nippon Airways (ANA) offers themed flights only a few airlines have.

Persons: — Organizations: All Nippon Airways, Service, Pokémon, ANA, Business Locations: Taipei, Tokyo

☆ The ‘fearless young activists’ thrown in jail for climate campaigns in Cambodia
▼ + stars: | 2024-07-06 | by ( Heather Chen | ) edition.cnn.com time to read: +9 min

“We demand that our friends in Mother Nature Cambodia, and all political prisoners, be released immediately,” said Fridays for Future, the youth-led global climate strike movement founded by Thunberg, in a statement. “Like what we are seeing with dictators in other countries, Cambodia is becoming more repressed,” said Alejandro Gonzalez-Davidson, a Spaniard who co-founded Mother Nature Cambodia over a decade ago, alongside local Cambodian activists. Environmental activists stage a mock funeral procession in the streets of Phnom Penh. Video footage showed activists Mother Nature Cambodia activists Ly Chandaravuth, Long Kunthea, Thun Ratha, Phuon Keoraksmey and Yim Leanghy surrounded by dozens of armed police officers and dragged away into waiting cars, bound for prisons across the country. “This week, a new generation of Cambodian activists was born – one that did not exist back in 2012,” he said.

Persons: Greta Thunberg, ”, Thunberg, Mu Sochua, “, ” “, ” Mu Sochua, Chantha Lach, Hun Sen –, Hun Manet, Hun Sen, Alejandro Gonzalez, Davidson, Pen Bona, Ole von Uexkuell, Magnus Lejhall, Gonzalez, Valeria Mongelli, –, Ly Chandaravuth, Long, Phuon Keoraksmey, Yim, Pilorge, lèse, Thameen Al, Kheetan Organizations: CNN, Nature Cambodia, Reuters, United States Agency for International Development, USAID, Nature, TT, Agency, AFP, Getty, Facebook, Court, Cambodian League, Promotion, Human, Journalists, ” United Nations Human Rights Locations: Cambodia, Nature, Reuters Cambodia, Nature Cambodia, Phnom Penh, Cambodian, Sweden, Stockholm, Sihanoukville, Thun

☆ China's second quarter is 'turning softer': Goldman Sachs
▼ + stars: | 2024-07-05 | 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 second quarter is 'turning softer': Goldman SachsMichelle Chen, co-head of Asia consumer research and managing director at Goldman Sachs, outlines a few surprises, such as consumer discretionary categories outperforming consumer staples.

Persons: Goldman Sachs Michelle Chen, Goldman Sachs Locations: Asia

☆ Shohei Ohtani: How one man has brought a new wave of Japanese tourists to LA
▼ + stars: | 2024-07-04 | by ( Natasha Chen | ) edition.cnn.com time to read: +9 min

And with 12 new Japanese sponsors, Japanese-language stadium tours and new Japanese menu items, the Dodgers are making the most of the Ohtani effect. A mural showing Los Angeles Dodgers player Shohei Ohtani is painted on the side of the Miyako Hotel in Little Tokyo in downtown Los Angeles. “He’s just a phenomenal individual, right?” said Judy Clow, who brought her brother from Japan to a Japanese-language tour at Dodger Stadium. My gosh!”Shohei Ohtani warms up before a preseason game against the Los Angeles Angels at Dodger Stadium on March 24, 2024. Some of the six new Japanese-language tour guides at Dodger Stadium actually worked at Angels Stadium previously, serving the same fans.

Persons: There’s, Takayo Hizume, CNN it’s, Shohei, Robyn Beck, ’, Hizume, Ohtani, Los Angeles –, Akira Yuhara, ” Yuhara, swindling, “ He’s, ”, Judy Clow, Harry, Christine Gerriets, ” Gerriets, Kay Ponak, Norma Galeana, CNN Mihana Hayashi, takoyaki, Hayashi, Nanoha, “, giveaways, Stan Kasten, ” Kasten, Kasten, Robert Vargas, Vin Scully, ” Vargas, “ Ohtani, Adam Burke, Hiroko Hinata, Natasha Chen, CNN Yuhara, Miyako, Don Tahara, Shania Baweja, Jason Kravarik Organizations: Los Angeles CNN, Dodgers, Ohtani’s, CNN, Angeles Dodgers, Getty, Dodger, Los Angeles Angels, Angels, Daiso, Toyo, Far, Los, Los Angeles Tourism, LA Tourism, Ohtani's Dodgers, Far Bar Locations: Japan, Los Angeles, California, Pacific, Miyako, Little Tokyo, AFP, –, South Korea, Southern California, LA, Anaheim, guacamole, Nagoya, Asian, Japanese

Hong Kong CNN —There are a lot of princesses at Hong Kong Disneyland, but not the ones you think. Hair carefully coiffed, and in full makeup Liang Xiaoyu, 18, is dressed for a day out at Hong Kong Disneyland. Noemi Cassanelli/CNNAnd at Hong Kong Disneyland, Disney characters aren’t the sole fashion inspiration for dedicated fans. Li Mengru, 27, poses for a picture during an interview with CNN, at the entrance of Hong Kong Disneyland on June 7, 2024. Yang Yushen, who also goes by Kris, and his partner Jimmy Redinger like the romantic side of Hong Kong Disneyland.

Persons: “ Duffy, ”, Liang Xiaoyu, Noemi Cassanelli, CNN Liang, Mary Janes, Duffy, Qin Wuxiao, Jessie, it’s, Charmy Chan, Yanni Chung, Judy, Nick Wilde, “, Chan, CNN Oscar Yim, Captain America, Marvel, CNN Jing Hongche, Li Sitan, CNN Charmy Chan, Chung, Li Mengru, Chen Xinyu, Li, Chen, Linda Lee, CNN Li, Cassanelli, Yang Yushen, Kris, Jimmy Redinger, Ankh Wong, Kris Yang, Yang, Zootopia, Hercules ”, Redinger, Disney, Mariko Otomo, Nozomi Yasuda, Yuka Izawa, CNN Otomo, China’s “ meng ”, Mariko Otomo kitted, Deng Chundan, CNN Deng Chundan, Le, Godiva, Chow Tai, Gen, ” Shen Jing, CNN Linda Lee, CNN Chen Xinyu, CNN Lee, CNN Chen, lacy Organizations: Hong Kong CNN, Disney, CNN, Hong Kong Baptist University, USA, Captain, Hong Kong Disneyland, Marvel, “, Hong, Hong Kong Tourism, Hong Kong Locations: Hong Kong, Guangzhou, Hong, China’s Fujian, Guangdong, Japan, Arendelle, Tomorrowland, Tsim Sha Tsui, China, Southeast Asia, Philippines, Thailand, Singapore, South Korea, Grizzly Gulch, United States, Chinese, Hebei, Asia, Hangzhou

☆ Video: Here’s how Dodgers superstar Shohei Ohtani is impacting LA’s tourism
▼ + stars: | 2024-07-03 | by ( Natasha Chen | ) edition.cnn.com time to read: 1 min

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☆ Some Californians Found Dream Homes Inland. But It Sure Is Hot There.
▼ + stars: | 2024-07-03 | by ( Jonathan Wolfe | Mike Kai Chen | ) www.nytimes.com time to read: 1 min

When Farwa Ali and her family wanted to buy a bigger home, Mountain House, Calif., seemed to check all of their boxes. The fast-growing community, just 40 miles inland from where they were living in the San Francisco Bay Area, offered good schools, a diverse population and dozens of large houses for sale within their budget. It seemed to be a perfect match — at least until their first summer, when the scorching temperatures of California’s Central Valley set in. “We never had an idea that it would be this hot,” Ms. Ali said on Tuesday as she darted through a grocery store parking lot where the temperature was well over 100 degrees.

Persons: Farwa Ali, “, Ms, Ali Organizations: Calif, San Francisco Bay Area Locations: House, San Francisco Bay

☆ China coast guard detains Taiwanese fishing boat near frontline islands, Taiwan says
▼ + stars: | 2024-07-03 | by ( Eric Cheung | Nectar Gan | ) edition.cnn.com time to read: +3 min

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

☆ Opinion: The real loser in the first presidential debate
▼ + stars: | 2024-06-28 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +28 min

CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.

Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, —, Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, ”, “, ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, “, Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States

☆ Japanese yen weakens to fresh 38-year lows; top currency diplomat replaced
▼ + stars: | 2024-06-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Sopa Images | Lightrocket | Getty ImagesThe Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark against the dollar for the first time since 1986 and reaching a high of 161.27, according to LSEG data. The yen has been steadily deprecating since the Bank of Japan ended its negative interest rate policy and scrapped its yield curve control policy in March. Following the move, the currency crossed the 150 mark against the dollar, reaching 160 in late April before the country's finance ministry intervened. Stock Chart Icon Stock chart iconJapan's finance ministry confirmed that it intervened between April 26 to May 29 to the tune of 9.7885 trillion yen ($62.25 billion). The benchmark U.S. federal funds rate stands at 5.25% to 5.5%, while the Bank of Japan's benchmark interest rate is at 0%-0.1%.

Persons: Dong Chen, Dong Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Bank of Japan, Japan Ministry of Finance, U.S, Bank Locations: Asia, Swiss, Japan

HANGZHOU, China — Apple 's mixed-reality headset began deliveries in China on Friday with a retail price roughly 18% higher than in the U.S. The device starts at 29,999 yuan ($4,128) in China, compared with a $3,500 retail price in the U.S. When asked by CNBC, a customer surnamed Chen in Beijing said his suggestion to Apple CEO Tim Cook was to make Vision Pro cheaper by about 10,000 yuan ($1,376). Greater China accounted for about 18% of Apple's revenue in the three months ended March 30, according to an Apple filing. Chen pre-ordered his Vision Pro and was at a major store in Beijing to pick it up and receive some training on how to use it.

Persons: Chen, Tim Cook, salespeople Organizations: U.S, CNBC, Vision, Apple, Huawei, Beijing — Locations: HANGZHOU, China, U.S, Beijing, Weibo, Greater China

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