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☆ Stock Market News Today: Dow, S&P 500 Open Higher; 3M, Hawaiian Electric Stocks in Focus
▼ + stars: | 2023-08-28 | by ( ) www.wsj.com time to read: +1 min

Stocks around the world kicked off a new week on a positive note, with U.S. indexes rising. The stock market's gains were broad-based, with nearly all of the S&P 500's sectors rising and some big tech stocks lagging. The yield on the 10-year U.S. Treasury note fell slightly, recently trading at 4.218%, after settling at 4.239% on Friday. Hawaiian Electric shares leapt after the utility pushed back against claims that its power lines caused the deadly Lahaina wildfire. Chinese indexes swung after the government cut a trading tax and said it will take more steps to revive markets.

Persons: Stocks, Jerome Powell, Jackson Organizations: Nasdaq, Dow, Treasury, Hawaiian Electric Locations: Jackson Hole, U.S, Shanghai

☆ How forensic investigators use DNA, fingerprints and other methods to identify remains after a fire
▼ + stars: | 2023-08-26 | by ( Eric Levenson | ) edition.cnn.com time to read: +14 min

“DNA has been really extremely helpful for us, with the Rapid DNA,” said Alison Galloway, professor emerita of anthropology at the University of California-Santa Cruz, who helped identify remains during the Camp Fire. “If you don’t have that … then it’s a lot more difficult.”In general, forensic experts rely on DNA, dental analysis, fingerprints, medical hardware or circumstantial evidence to try to identify remains. “We’re still diligently working trying to make sure that we can identify (remains), and that’s why that DNA is so important, because we got fingerprints from three,” he said. Galloway, the forensics professor, said one of the advantages of the Rapid DNA technology is in quickly determining whether a DNA swab is usable. Maui asks for family members to come forwardFor Rapid DNA to work, family members of the missing have to willingly submit to DNA swabs.

Persons: ”, Alison Galloway, Santa Cruz, Josh Green, CBS’s, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, John Pelletier, “ We’re, Stephen Meer, Sudhin, –, Meer, we’ve, you’ve, you’re, ” Meer, Jonathan Masaki Shiroma, what’s, …, Robert Quinn, “, Robert Quinn’s Organizations: CNN, University of California, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, ANDE Corp, Forensic Science, Fire, FBI, Maui Emergency Management Agency Locations: Maui, California, Santa, Hawaii, Lahaina , Hawaii, Lahaina, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, Las Vegas, Church, Lahaina Hongwanji, Paradise , California, Galloway, Ukraine, ”, Butte County

☆ Maui wildfires: Nearly 400 remain unaccounted for in Maui after deadly wildfires, FBI-curated list shows -- a big decline from prior estimates
▼ + stars: | 2023-08-25 | by ( Michelle Watson Kelly Mccleary Cheri Mossburg Anna-Maja Rappard Natasha Chen | Michelle Watson | Kelly Mccleary | ) edition.cnn.com time to read: +17 min

Search crews and cadaver dogs have searched 100% of single-story homes in the disaster area, Maui County officials said Tuesday. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11. “Our primary focus in the wake of this unimaginable tragedy has been to do everything we can to support not just the people of Maui, but also Maui County. Hawaiian Electric Company serves 95% of the state’s customer base. CNN has reached out to Maui County and the Maui Police Department for comment on Krau’s claims.

Persons: who’s, “, John Pelletier, Josh Green, geolocating, Steven Merrill, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, John Moore, it’s, Jim Kelly, ”, Darren Pai, “ inexcusably, John Fiske, ‘, Nicholas Krau, ” Krau, Krau Organizations: CNN, FBI, ” Police, ”, Analysis, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Hawaiian Electric, Hawaiian Electric Company, ATF, Electric, National Weather Service, Watch, State of Hawaii Organization of Police, Maui Police Department Locations: Maui, Maui County, ” Hawaii, Lahaina –, Hawaii, Lahaina , Hawaii, Lahaina, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, California, Las Vegas, Church, Lahaina Hongwanji, Olinda

☆ Asia stocks track Wall Street rally as treasury yields retreat
▼ + stars: | 2023-08-24 | by ( Julie Zhu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsHONG KONG, Aug 24 (Reuters) - Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia (NVDA.O) boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally. Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.7%, also lifted by Nvidia's bullish outlook. Australian shares (.AXJO) edged up 0.27%, while Japan's Nikkei stock index (.N225) rose 0.23%. On Wednesday, U.S. stocks ended sharply higher across the board as shares of Nvidia jumped nearly 10% in trading after the bell, hitting an all-time high after it forecast third-quarter revenue well above Wall Street targets. On Wall Street, the Dow Jones Industrial Average (.DJI) rose 0.54%, the S&P 500 (.SPX) gained 1.10% and the Nasdaq Composite (.IXIC) added 1.59%.

Persons: Kim Kyung, HONG KONG, Jerome Powell, Jackson, Powell, HSI, Brent, Lincoln Organizations: Tokyo Stock Exchange, REUTERS, Federal, ANZ, Japan's Nikkei, Nvidia, Dow Jones, Nasdaq, Treasuries, Thomson Locations: Tokyo, Japan, HONG, Jackson Hole , Wyoming, U.S, South Korea, Indonesia, Asia, Pacific, United States

☆ China is furious with Japan's plan to release treated Fukushima water into the ocean
▼ + stars: | 2023-08-23 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

A massive earthquake and tsunami in March 2011 destroyed the Fukushima nuclear power plant, which is situated on Japan's east coast, about 250 kilometers (155 miles) northeast of the capital Tokyo. Japan's government has repeatedly said the discharge of the treated water is safe and the U.N.'s nuclear watchdog has endorsed the move. Japanese Prime Minister Fumio Kishida (C) speaks during a meeting with representatives of the Inter-Ministerial Council for Contaminated Water, Treated Water and Decommissioning Issues and the Inter-Ministerial Council Concerning the Continuous Implementation of the Basic Policy on Handling of ALPS Treated Water, at Prime Minister's Office, on August 22, 2023, in Tokyo, Japan. Hong Kong's Chief Executive John Lee, meanwhile, "strongly opposes" the discharge of wastewater from the Fukushima power plant. Hundreds of activists in South Korea had gathered in the capital of Seoul earlier this month to rally against Japan's plan to dispose of the treated water into the ocean.

Persons: Philip Fong, Fumio Kishida, Rodrigo Reyes Marin, Wang Wenbin, Wang, John Lee, Chung Sung Organizations: Afp, Getty, Japan, International Atomic Energy Agency, Inter, Ministerial Council, Minister's, Zuma, Anadolu Agency, Foreign Ministry, Japan's Embassy, CNBC, Hong, Japanese Locations: Shinchi, Fukushima Prefecture, Japan, Japan's, Tokyo, Japanese, China, London, Hong Kong, Seoul, South Korea, Korea, Fukushima

☆ Goldman Sachs: Is David Solomon on his way out? The CEO whisperer weighs in
▼ + stars: | 2023-08-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —David Solomon, CEO and president of Goldman Sachs, is getting bad press — a lot of bad press. And while shares of Goldman Sachs (GS) may be down by more than 5% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs did not respond to requests for comment for this article. Before the Bell: What is going on at Goldman Sachs? There have been articles purporting that former Goldman CEO Lloyd Blankfein isn’t happy with the job David Solomon has done and that he has offered to step in to help.

Persons: David Solomon, Goldman Sachs, Marcus, Solomon, they’re, Bell, Jeffrey Sonnenfeld, Lloyd Blankfein isn’t, that’s, Lloyd, he’s, That’s, David, ‘, Juliana Liu, Michelle Toh, ” Julian Evans, Pritchard, Zichun Huang, Hang, Lehman, Hillary, Eva Rothenberg, Harry Reid, Hilary Organizations: CNN Business, Bell, New York CNN, Financial Times, Yale School of Management’s, Leadership Institute, Nokia, BlackBerry, Microsoft, Goldman, People’s Bank of China, Reuters, Capital Economics, Hang Seng, The Bank of Korea, Bank Indonesia, country’s National Bureau of Statistics, Harry, Harry Reid International, San Diego International Locations: New York, Lloyd, China, Hong Kong, Shanghai, Asia, Las Vegas, California, Nevada, Southern California, Idaho

☆ Climate change and extreme weather, like Maui wildfires, are hurting affordable housing
▼ + stars: | 2023-08-21 | by ( Anna Bahney | ) edition.cnn.com time to read: +10 min

For people on Maui and across the US, climate change is making the affordable housing crunch even worse. “This is why they have been building these affordable housing buildings. It is a safe place, but it doesn’t feel like home.”Affordable housing picture on Maui was already ‘pretty grim’For people on Maui and across the US, climate change is making the affordable housing crunch even worse. But not fires damaging buildings and taking lives.”“The affordable housing picture was pretty grim on Maui even before the fire,” he said. “There was more than one kitchen, more than one family living there.”These types of cobbled-together solutions to affordable housing are now gone, as are other recent hard-won affordable housing projects.

Persons: Josh Green, Hannah Harris, Tony Ellett, ”, Harris, “, ” Harris, Ellett, Jae C, Shantal Catanach, Keanu, ” Catanach, she’s, Stan Franco, Franco, –, Diane Yentel, ” Yentel, Yentel, Hurricane Sandy, Sandy, Peter Niess, Justin Sullivan Organizations: DC CNN, Urban Institute, UN, University of Hawaii’s Economic Research Organization, US Bureau of Labor Statistics, NOAA National Centers for Environmental, Joint Center for Housing Studies, Harvard University, Income Housing Coalition, Federal Deposit Insurance Corporation, Hurricane, Maui Architectural Locations: Washington, Maui, Lahaina, Catanach, Maui County, Hawaii, Corelogic, Maui –, Lahaina , Hawaii

Josh Green insisted Friday that the years-long undertaking of rebuilding Maui’s historic Lahaina community will prioritize residents’ desires over those of property developers. The western Maui community – once a lively economic and cultural hub – has been decimated by the wildfires that began tearing through the island on August 8. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11. Matthew Thayer/The Maui News/AP In pictures: The deadly Maui wildfires Prev NextSports teams pitch in to helpWith the stark task ahead of rebuilding leveled communities, some sports teams are contributing to ongoing relief efforts. Proceeds from the game on October 29 in Champaign, Illinois, will be donated to the Hawai’i Community Foundation Maui Strong Fund, which provides financial resources towards Maui’s recovery, according to the schools.

Persons: Josh Green, ” Green, Jaime Kanani Green, ”, “, they’ve, Tiare Lawrence, Green, he’s, Herman Andaya, Andaya, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, WNBA’s Sparks, Bill Self, Brad Underwood Organizations: CNN, Hawaii Gov, Maui’s Emergency Management Agency, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Angeles, Angels, Dodgers, NFL’s Chargers, Rams, NBA’s Clippers, Lakers, NHL’s, Ducks, Angel City Football Club, LA Galaxy, University of Kansas, University of Illinois ’, Hawai’i, Strong, Maui Invitational Locations: Hawaii, Lahaina, Maui, –, Maui County, Lahaina , Hawaii, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, California, Las Vegas, Church, Lahaina Hongwanji, “ Despite California, Southern California, NHL’s Kings, Champaign , Illinois, Kansas, Illinois

☆ Why Maui’s rebuilding effort will be so expensive
▼ + stars: | 2023-08-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

All told, doing business in Hawaii is about 30% more expensive than the cost of doing business in the rest of the United States, according to Moody Analytics. “Based on similar historical events, this is likely conservative, as building delays and supply and demand cause additional pressures on reconstruction costs,” said Verisk. Construction permitting generally takes longer in Hawaii than most mainland locations, said Jessica Leorna, CEO of the state’s Building Industry Association. That’s especially true for construction workers, who were in short supply even before the fires, according to the state’s Building Industry Association. And workers from elsewhere in the state or the Southeast could drive home on weekends,” he said.

Persons: ”, Beau Nobmann, Jae C, ” Jason Thies, Nobmann, Jessica Leorna, Jones, it’s, Adam Kamins, there’s, Ian, “ That’s Organizations: New, New York CNN, Moody Analytics, HPM, Homes, Industry Association, Labor, Labor Department, state’s, Moody’s Analytics, Moody’s Locations: New York, Maui, United States, Hawaii, Lahaina , Hawaii, Canada, Asia, West Coast, California, Washington, Hawaii’s, Florida

☆ Human-caused fires may have contributed to the extinction of saber-toothed cats, dire wolves, and other animals 13,000 years ago
▼ + stars: | 2023-08-18 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +9 min

The La Brea tar pits captured dire wolves, sabertooth cats, and other megafaunal for millennia. Statues of megafaunal mammals give La Brea Tar Pit visitors a sense of what animals roamed the area thousands of years ago. The loss of herbivores at La Brea could've contributed to a feedback loop, making fires — however, they started — more intense, the paper's authors say. Paelongotolist MacPhee cautions that there could be other explanations for why these animals in the 61/67 tar pits stopped appearing. Excavation of the La Brea tar pits has yielded hundreds of thousands of fossils.

Persons: —, Robin O'Keefe, O'Keefe, it's, Regan Dunn, Dunn, Jae C, Ross MacPhee, wasn't, MacPhee, Guy Robinson, Robinson, Sharon Levy, Amelia Villaseñor, C, Villaseñor Organizations: Service, Arlington Springs Man Locations: Brea, Wall, Silicon, Los Angeles, Southern California, Rancho La, Elsinore, Lake Elsinore, Northern Canada, La Brea, Rancho La Brea, Yukon, Orange County , New York, North America, Arlington Springs, Southern

So far, at least 111 deaths have been confirmed in the wildfires, according to a release from Maui County. Names of other victims have been released by familiesFirefight continues : Crews are still battling the fires on Maui. “The people that were trying to put out these fires lived in those homes – 25 of our firefighters lost their homes,” Maui County Mayor Richard Bissen said Wednesday. “They watched their homes burn as they fought the fire for other homes in their neighborhood,” she explained. “That is a scar that we will carry for a very long time.”Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11.

Persons: John Pelletier, ” Pelletier, ”, Pelletier, Josh Green, CNN’s Wolf, “, Brenda Keau, ” Keau, Jeff Hickman, CNN’s Kaitlan Collins, ” Hickman, Melva Benjamin, Virginia Dofa, Alfredo Galinato, Robert Dyckman, Buddy Jantoc, Benjamin, Crews, Brad Ventura, ” Biden, Herman Andaya, would’ve, Matthew A, Foster, Richard Bissen, Aina Kohler, I’ve, Kohler, “ It’s, Jonny Varona, They’re, Wade Ebersole, it’s, who’s, ” Ebersole, ” Sarah Salmonese, Go Nakamura, Jae C, Patrick T, Fallon, Rick Bowmer, Justin Sullivan, Lauren Haley, Bryan Anselm, Makalea Ahhee, Yuki Iwamura, Mike Blake, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, Bob Marshall, ” Marshall, Marshall, Jim Kelly, ” Kelly, ” Darren Pai Organizations: CNN, Maui Police, Authorities, Hawaii Gov, Hawaii Department of Defense, Fire, White House, Maui, Maui Emergency Management, Tuesday . U.S . Army National Guard, Staff, KITV, Maui Health, Maui Memorial Medical, New York Times, AP, FBI, Facility, Getty, AP Volunteers, Grace Baptist, Reuters, Volunteers, Los Angeles Times, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Whisker Labs, Maui Bird Conservation Center, The Washington, Hawaiian Electric, CNN Sunday Locations: Maui, Maui County, Hawaii, Lahaina, Tuesday ., ”, Lahaina , Hawaii, Wailuku, AFP, Kula , Hawaii, Kaanapali, Kula, Kihei, West Maui, Grace, Kahului, Napili, Honokowai, Honolulu, Maalaea, California, Las Vegas, Church, Lahaina Hongwanji, Makawao, Western Maui

☆ Fears of predatory land grabs mount in the ashes of Maui, opening old wounds
▼ + stars: | 2023-08-17 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

CNN —The threat of predatory outsiders swooping in to buy up property under the ashes of Maui is sparking outrage and opening old wounds for locals. “And every time there’s a crisis, it accelerates.”Homes consumed in recent wildfires are seen in Lahaina, Hawaii, Wednesday, Aug. 16, 2023. Jae C. Hong/APA week after wildfires razed through west Maui, killing more than a hundred people and displacing thousands, locals are grieving and rallying together to take care of those who lost everything. It’s through these community-based efforts, Ing said, that the people of Maui will best find a way to equitably rebuild. An offering of flowers is left on the ground following the Maui fires in Lahaina, West Maui, Hawaii, August 16, 2023.

Persons: ”, Kaniela Ing, Jae C, insurrectionists, Queen Lili’uokalani, Sterling Higa, ” Higa, Justin Sullivan, Josh Green, don’t, he’s, ” Green, we’re, wrongdoers, ” Mana Moriarty, Ing, ” Ing, kanaka, Yuki Iwamura, Green, Higa, ” “, GoFundMe, “, “ That’s, it’s Organizations: CNN, Homes, Housing, “, Hawaii’s Department of Commerce, Consumer Affairs, Consumer, Green New Deal, Getty Locations: Maui, Hawaiian, Lahaina , Hawaii, American, Kingdom of Hawaii, United States, Lahaina, Hawaii, Lahaina , West Maui, AFP

☆ Asia markets set for mixed open ahead of key data from Japan and China
▼ + stars: | 2023-08-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Photographer: Kentaro Takahashi/Bloomberg via Getty ImagesAsia-Pacific markets are set for a mixed open on Tuesday ahead of key economic data out from Japan and China. Japan will release its second quarter gross domestic product, while China will see its industrial output and retail sales figures for July. Expectations from economists polled by Reuters were Japan's economy will grow 0.8% on a quarter on quarter basis and 3.1% on an annualized basis. Futures for Hong Kong's Hang Seng index stood at 18,680, pointing to a weaker open compared to the HSI's close of 18,773.55. Hong Kong looks set to extend losses for a third straight day, after the HSI slid 1.58% on Monday.

Persons: Kentaro Takahashi, HSI Organizations: Bloomberg, Getty Images, Japan's Nikkei, Reuters, Reserve Bank Locations: Shibuya, Tokyo, Japan, Getty Images Asia, Pacific, China, Chicago, Osaka, Hong Kong, Australia

☆ CNBC Daily Open: Is China a no-go for U.S. investment?
▼ + stars: | 2023-08-11 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Almost all of the monthly inflation increase came from shelter costs, which rose 0.4% and were up 7.7% from a year ago. Markets reacted favorably, expecting July's tame inflation reading to mean no more interest rate hikes from the Federal Reserve. Investors may want to consider using the recent weakness in chipmaker Nvidia to snatch up shares of the artificial intelligence darling, some Wall Street analysts are saying.

Persons: Dow Jones, Hong, Joe Biden, Biden, they're Organizations: CNBC, of Labor Statistics, Federal Reserve, Dow, Nasdaq, U.S, Wednesday, Oceanic, Atmospheric Administration, Nvidia, Investors Locations: United States, China, U.S, Japan, Hawaii, Maui

☆ China's real estate market roiled by default fears again
▼ + stars: | 2023-08-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Qilai Shen | Bloomberg | Getty ImagesBEIJING — Two years after Evergrande's debt troubles, worries about China's real estate sector are coming to the forefront again. In late July, its top leaders indicated a shift toward greater support for the real estate sector, paving the way for local governments to implement specific policies. For the last several years, Chinese authorities have attempted to curb debt-fueled speculation in the country's massive — and hot — real estate market. Real estate and related industries have accounted for about a quarter of China's economy. He pointed out that since China started its deleveraging campaign in 2016, it is very unlikely the state would step in to bail out real estate developers.

Persons: Qilai Shen, Dalian Wanda, Liu Haibo, Sandra Chow, Nomura, Chow, Evergrande, Redmond Wong, —, Wong, Vanke, that's Organizations: Country Garden Holdings Co, Bloomberg, Getty, BEIJING, Reuters, CNBC, Country, Asia Pacific Research, CreditSights, Fitch, Saxo Markets Hong, China's, House Research, Stock, Poly Development, Research Locations: Baoding, Hebei province, China, Dalian, Hong Kong, Beijing, Saxo Markets Hong Kong

☆ CNBC Daily Open: Inflation, earnings and the American consumer
▼ + stars: | 2023-08-10 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hong Kong's Hang Seng Index dropped 0.95%, while mainland Chinese indexes extended their losses. Markets are waiting for Thursday's July consumer price index report, which will likely show that the pace of price increases is easing — but not enough to get the Federal Reserve to retreat on its inflation fight. The Food and Agriculture Organization All Rice Price Index for July rose 19.7% from a year ago to its highest nominal value since September 2011.

Persons: Hong, Joe Biden's Organizations: CNBC, Nikkei, Dow Jones, Nasdaq, Federal Reserve, Ministry, Disney, Wall, United Nations, Agriculture, Rice, Index Locations: China, —, Beijing, China , Hong Kong, Macao, Panama, United, Thailand

☆ Stocks in China fall as consumer prices drop for the first time in more than 2 years
▼ + stars: | 2023-08-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A vegetables stall in the Haizhu area of Guangzhou, China, in May 2023. Stocks in China and Hong Kong fell Wednesday as China's consumer prices slipped into negative territory in July, for the first time in 28 months. The CSI300, which tracks stocks of the largest listed companies in Shanghai and Shenzhen, fell 0.22%. Mainland Chinese markets were lower, with the Shanghai Composite down 0.36% and the Shenzhen Component 0.28% lower. Producer price index fell 4.4% in July compared to a year ago, more than the 4.1% expected by economists polled by Reuters.

Persons: Hong Kong, China's, Mohamed El, Kospi, Australia's Organizations: Shenzhen, Reuters —, Reuters, Allianz, Twitter, Nikkei Locations: Haizhu, Guangzhou, China, Stocks, Hong, Shanghai, Shenzhen, Asia, Pacific

☆ Stock Market Today: Dow, Nasdaq Close Lower; Big Bank Stocks Slide
▼ + stars: | 2023-08-08 | by ( ) www.wsj.com time to read: +2 min

A broad sell off in regional bank shares—including KeyCorp and Comerica—made financial stocks among the worst performers in the S&P 500. ET:Stock indexes fell. The S&P 500 and Dow industrials pared some of their losses from earlier in the day, but still ended down. Eli Lilly led the S&P 500 higher. Bank shares were among the biggest losers, with UniCredit and other Italian banks sinking after Rome said it plans a windfall tax.

Persons: Dow industrials, Eli Lilly, Wall Organizations: KeyCorp, Comerica, Bank of America, JPMorgan Chase, Citigroup, United Parcel Service, Dow, Nasdaq, Treasury, Shanghai, Nikkei, Bank Locations: Government, Europe, Rome

☆ Stock Market Today: Dow Drops 400 Points; Eli Lilly, Novo Nordisk Stocks in Focus
▼ + stars: | 2023-08-08 | by ( ) www.wsj.com time to read: +2 min

Shares of regional banks, including U.S. Bancorp, Key and Comerica, were among the biggest decliners in the S&P 500. The pullback stood to reverse some of Monday’s stock-market gains, which included a roughly 400-point increase for the Dow . Stock indexes fell. The S&P 500, Dow industrials and Nasdaq all declined by more than 1%. Eli Lilly led the S&P 500 higher.

Persons: Dow, Eli Lilly Organizations: U.S . Bancorp, Key, Comerica, Bank of America, JPMorgan Chase, Citigroup, Dow, United Parcel Service, Dow industrials, Nasdaq, Treasury, Shanghai, Nikkei, Bank, Commodities Locations: Europe, Rome, U.S

☆ CNBC Daily Open: Amazon surges as Apple stumbles
▼ + stars: | 2023-08-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, overall sales fell 1% year over year to $81.8 billion, with iPhone, iPad and Mac revenue all dropping. Defense stocks on the offenseSouth Korean defense stocks have shot up over the past 12 months, with Hanhwa Aerospace surging 66% year to date. Interest in South Korean arms have increased because of Russia's invasion of Ukraine and escalating tensions on the Korean Peninsula.

Persons: Andy, Australia's, Morgan Stanley Organizations: CNBC, Apple, Amazon Amazon, Treasury, Big, Defense, Hanhwa Aerospace, China Companies Locations: Asia, Pacific, South, Ukraine, South Korea, China, India

☆ Morning Bid: Markets brace for BOE as China PMI cheers
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

The BOE is leaning toward a 25 basis point hike after the inflation gods took some pity on the UK last month. Investors and economists will be sure to inspect the BOE's growth and inflation forecasts for indications of just how sticky the central bank thinks inflation has become. Not to be overshadowed by monetary policy, earnings reports roar back into focus on Thursday with Apple (AAPL.O) at the forefront. China kicks off a long line of PMI releases today with better-than-expected services activity, giving markets a bit of good news after disappointing data on Monday. In Japan, the stock market continued to feel the drag from U.S. chip firms on Thursday morning, with the Nikkei (.N225) seeing broad-based losses.

Persons: Hollie Adams, Brigid Riley, BOE, Jerome Powell isn't, hasn't, Stryker, Fed's Barkin, Jacqueline Wong Organizations: Bank of England, City of, REUTERS, Bank of, CPI, Reuters Graphics, ECB, Apple, Moderna, PMI, HK, Nikkei, Royce, Infineon, Adidas AG, BMW, Fed's, Thomson Locations: City, City of London, Britain, United States, China, Japan, U.S, Expedia, France, Italy, Sweden, Spain, Germany, Euro

☆ Asia markets set to fall as Wall Street sees selloff after U.S. credit downgrade
▼ + stars: | 2023-08-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Central Hong Kong and the IFC tower seen from the Avenue of Stars in Tsim Sha Tsui. (Photo by Marc Fernandes/NurPhoto via Getty Images)Asia-Pacific markets are set to extend losses Thursday tracking Wall Street's selloff after ratings agency Fitch downgraded the United States' long-term credit rating from AAA to AA+. In Asia, investors will be watching the Caixin survey for China's service sector activity in Juy. Futures for Hong Kong's Hang Seng index stood at 19,403, pointing to a weaker open compared to the HSI's close of 19,517,38. In Australia, futures for the S&P/ASX 200 were at 7,241 compared to the last close of 7,354.6.

Persons: Marc Fernandes, Fitch Organizations: IFC, Tsim Sha Tsui, Getty Images, United, AAA, AA Locations: Hong Kong, Tsim Sha, Asia, Pacific, United States, 19,517,38 . Hong Kong, Chicago, Osaka, Australia

☆ CNBC Daily Open: Oil joined the July stocks rally
▼ + stars: | 2023-08-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hong Kong's Hang Seng Index was near flat as advance estimates showed the city's second-quarter gross domestic product contracting 1.3% quarter on quarter. Pre-tax profit of the largest bank in U.K. jumped 89% year-on-year to $8.77 billion, while revenue surged 38% to $16.71 billion. [PRO] Benefiting from bankruptciesCorporate insolvencies in the U.K. have been rising in recent months.

Persons: Hong, Australia's, Feroze Azeez, Anand, HSBC's, JPMorgan Chase JPMorgan Chase, Jeffrey Epstein, Virgin Organizations: CNBC, India Investors, HSBC, JPMorgan Chase JPMorgan, U.S . Virgin Islands, JPMorgan Locations: Asia, Pacific, India

☆ Stock Market Today: Dow Futures Edge Lower as Merck, Uber Earnings Roll In
▼ + stars: | 2023-08-01 | by ( ) www.wsj.com time to read: +1 min

Stock futures edged lower at the start of another busy day of company earnings that will offer clues on the financial strength of corporate America. Uber stock is rising ahead of the open in heavy volumes, after the ride-hailing giant reported its first operating profit . Stock futures slipped. Contracts on the S&P 500 and Dow industrials edged lower. The Stoxx Europe 600 and the U.K.’s FTSE 100 both edged lower.

Organizations: Companies, Caterpillar, Merck, Pfizer, HSBC, BP, Starbucks, Devices, Stock, Dow, Nasdaq, Treasury, U.S, Australian, Nikkei, ’, Brent Locations: London, Europe

☆ CNBC Daily Open: More signs the Fed might stop hiking
▼ + stars: | 2023-07-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Cooling inflationThe U.S. personal consumption expenditures price index rose just 3% year-over-year in June, and 0.2% from a month ago. Mixed activity for China's economyChina's official manufacturing purchasing managers' index factory activity came in at 49.3 in July. CNBC Pro's Sarah Min breaks down what analysts are expecting from those data points releasing this week.

Persons: Hong, Sarah Min Organizations: CNBC, Federal Reserve, PMI, ANZ, Oil, Apple, Amazon, Dow Jones Industrial, Big Tech Locations: Asia, Pacific, India, China

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