By Joe Person, Lukas Weese and Larry HolderThe Carolina Panthers are benching 2023 No. 1 pick Bryce Young for their Week 3 matchup against the Las Vegas Raiders, a league source confirmed Monday. Andy Dalton will be the new starting quarterback for the Panthers, per the league source.Tom Pelissero of NFL Network was first to report the news.This move happens after the Panthers’ second straight blowout loss to open the season, falling 26-3 to the Los Angeles Chargers on Sunday. Young completed 18 of 26 passes but those completions went for just 84 yards, the fourth-lowest passing total in franchise…
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Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on Aug. 23, 2024 in Tokyo.Tomohiro Ohsumi | Getty Images News | Getty ImagesEconomists, FX strategists and Japan-focused fund managers are split over the timing of the Bank of Japan’s next interest rate hike, according to a new CNBC International survey.BOJ Governor Kazuo Ueda said last month that the central bank would continue to raise interest rates if inflation stayed on course, while also closely monitoring financial market conditions. There is consensus among the 32 analysts polled by CNBC that there…
CNBC’s Jim Cramer on Monday opined on the fickle nature of this market, telling investors the best course of action is to hold off on making any moves until the Federal Reserve announces interest rate cuts.”I know it’s boring. I want you to sit on your hands,” he said. “There’s so much hot money coming out of tech and into non-tech, I don’t want you to get in the way of that, because without a half-point cut, I’d say that the non-tech part of the stock market will have suddenly become overvalued.”While Wall Street widely expects the Fed to cut…
GLENDALE, Ariz. — After the second touchdown, Paris Johnson Jr., sprinted downfield and lifted his teammate, just as he had done numerous times during their time together at Ohio State.The 6-foot-6 left tackle grabbed Marvin Harrison Jr., placing his hands underneath the rookie receiver’s arms, and lifted. As their Arizona Cardinals teammates surrounded them, Harrison spread his arms, holding the football in his left hand, and smiled.Shown a photo of this after Sunday’s 41-10 win over the Los Angeles Rams, Johnson said to celebrate again like this with Harrison was awesome. Harrison said the two had talked about this for…
The sun rises behind the skyline of lower Manhattan and One World Trade Center on September 14, 2024, in Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty ImagesThis 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. Like what you see? You can subscribe here.What you need to know todayRecord close for DowU.S. markets were mixed on Monday. The S&P 500 and Dow Jones Industrial Average rose, with the Dow notching a record close. But the Nasdaq Composite…
Tech companies have been capitalizing on the artificial intelligence boom, driving the development of products and services in that area. That also means that AI data centers are growing fast — as is the demand for them. Data centers house vast amounts of computing power needed for AI workloads. That in turn is set to drive up the demand for cooling systems for data centers. “AI proliferation makes heat dissipation attractive. We believe the demand for liquid cooling for AI data centers should sustain for the following 5-10 years, driven by continuous iteration of AI chips and rising heat dissipation…
Welcome back to the Monday Tennis Briefing, where The Athletic will explain the stories behind the stories from the past week on court.This week, the Davis Cup returned, there were two very short matches — in very different ways — and one women’s tournament bore the brunt of tennis schedule fatigue.If you’d like to follow our fantastic tennis coverage, click here.What’s going on in the Davis Cup?The final eight for the Davis Cup group stage finals were decided over the weekend, with Canada and the Netherlands joining Italy, Australia, Spain, Germany, Argentina and the United States as the qualified nations. The…
Despite widespread bullishness on India, with its stock market highs and healthy bank balance sheets, a shortage of deposits is causing some uneasiness in the country’s financial sector.Speaking to CNBC in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das discussed the issue of slowing growth in bank deposits underperforming an expansion in loans. There is not cause for concern currently, Das said, but there could be trouble ahead if the situation persists.”So there is a gap of 350 to 400 basis points,” he said, referencing the difference between credit and deposit growth. Annual figures from August put loan…
Russia’s state-controlled Russia Today (RT) television broadcast vans are seen parked in front of St. Basil’s Cathedral and the Kremlin next to Red Square in Moscow on March 16, 2018.Mladen Antonov | Afp | Getty ImagesSocial media giant Meta on Monday announced that it is banning Russian media outlet RT, days after the Biden administration accused RT of acting as an arm of Moscow’s spy agencies.”After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. Rossiya Segodnya, RT and other related entities are now banned from our apps globally for foreign interference activity,” a spokesperson at Meta said…
Around sixteen minutes into Republican former President Donald Trump’s “state of crypto” address on X, cryptocurrencies got their first mention.For over a month, the former president and his family have been pumping up a secretive Trump Organization crypto project, promising that it will do many things at once.Early descriptions suggest that “World Liberty Financial” will be a sort of crypto banking platform, with 70% of the equity held by a small group of Trump famiy members and insiders. Users would be able to borrow and lend crypto on the platform, and the original investors would be paid via fees.Now, with…
