The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth.Fotoholica Press | Lightrocket | Getty ImagesChina’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday.The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May.”We think the weak growth and low…
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The Paramount Global headquarters in New York, US, on Tuesday, Aug. 27, 2024. Yuki Iwamura | Bloomberg | Getty ImagesParamount Global has begun the second phase of its planned layoffs in the United States as the media giant pushes toward increasing profitability, according to an internal memo seen by Reuters.The cuts are part of the company’s efforts to reduce annual costs by $500 million as it looks to streamline its operations ahead of its merger with Skydance Media.Paramount began cutting jobs in August, and plans to lay off 15% of its U.S.-based workforce in three phases by the end of the year. About 90% of the…
The NFL has evolved to a point where a record 15 Black starting quarterbacks started Week 1 of the 2024 season.That’s a far cry from when Warren Moon chose to sign with the CFL’s Edmonton Eskimos after a standout college career at Washington because he felt he wouldn’t get a fair opportunity to run an offense in the NFL. Similarly, Tony Dungy’s college days as a quarterback at Minnesota were for naught — as were others — as the NFL converted him into a defensive back.It took until 2001 for the NFL to have its first Black quarterback selected No. 1 in…
A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesAsia-Pacific markets open higher on Wednesday, while futures for Hong Kong’s Hang Seng Index suggested a 4% rise for the index when trading starts.HSI futures were at 19,763, compared to the index’s last close of 19,000.Chinese markets rallied yesterday after the country’s central bank announced a slate of economic support measures, with the HSI seeing its best day in seven months, while mainland China’s CSI 300 recorded its largest one-day gain in over four…
A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. Andrew Kelly | ReutersStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching as the Dow and S&P 500 posted fresh records Tuesday, and what’s on the radar for the next session.The staplesCNBC TV’s Dominic Chu reports on consumer staples in Wednesday’s edition of “Sectornomics.”Consumer staples…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJared Holz, Mizuho, joins ‘Fast Money’ to talk Novo Nordisk CEO defending GLP-1 pricing and the push to lower prices.04:586 minutes ago Source link
A screen grab captured from a video shows police forces arresting Ryan Wesley Routh, who is the suspect in an apparent assassination attempt on former United States President Donald Trump in Florida, United States on September 16, 2024. Martin County Sheriff’s Office | Anadolu | Getty ImagesFederal prosecutors have charged the man who was spotted with a gun outside of former Donald Trump’s golf course with attempted assassination of a presidential candidate.The indictment, unsealed Tuesday, alleges that Ryan Wesley Routh “did intentionally attempt to kill Former President of the United States Donald J. Trump, a major Presidential candidate” when he was…
ORCHARD PARK, N.Y. — The “M-V-P!” chants inside Highmark Stadium began with 3:25 still left in the first quarter.Though excitedly premature, Buffalo Bills fans weren’t wrong.They simply couldn’t know Josh Allen was merely beginning his onslaught Monday night. By halftime, he’d already had one of the greatest statistical games of his career. But what was truly remarkable was how Allen went about his nasty business in a 47-10 victory over the Jacksonville Jaguars.We spent months analyzing and guessing and kvetching about how Allen would perform without Stefon Diggs and Gabriel Davis anymore. Diggs and his brother, Dallas Cowboys cornerback Trevon…
Battery prices have been sliding, but Goldman Sachs continues to see promise in the sector, naming four market-leading stocks it’s overweight on. The investment bank’s analysts said global average battery prices could fall to around $80/kilowatt hour by 2026 compared to $110/kilowatt hour this year, in a Sept. 4 equity research note. At this level, battery electric vehicles, or BEVs, could “reach ownership cost parity with gasoline cars without subsidies, in turn supporting our structurally bullish view on battery demand growth,” they wrote. Their comments come as leading battery makers continue to launch new products with higher energy density and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJonathan Litt, Land & Buildings founder & CIO, joins ‘Fast Money’ to talk the state of commercial real estate following the Federal Reserve’s announcement it is lowering interest rates. Source link
