Author: 5hspx
* Asian stock markets: Nikkei falls on stronger yen, Wall Street futures fall * Markets signal one-in-three chance Fed will cut rates by 50 basis points * Oil prices rise as Israel-Hezbollah spat SYDNEY, Aug 26 (Reuters) – Asian shares rose cautiously on Monday while the dollar and bond yields trended lower ahead of inflation data that investors hope will lead to interest rate cuts in the United States and Europe.Oil prices rose 0.7 percent after Israel and Hezbollah exchanged rocket attacks and airstrikes on Sunday, raising concerns about possible supply disruptions if the conflict escalates.Brent crude rose 51 cents…
Israel removed Hezbollah's top military leader, Fuad Shukr, after a series of impressive intelligence and military operations, but on Sunday it dealt a further blow to Hezbollah by thwarting a major retaliatory operation that Iran-backed militias had planned from southern Lebanon against the Jewish state.Hezbollah had been preparing to strike “announced strategic military targets” deep inside Israel, with the launch time scheduled for 5 a.m. local time. But at 4:45 a.m., 100 Israeli fighter jets simultaneously launched attacks on dozens of Hezbollah rocket launchers that were moving into position to launch the attack.Israeli warplanes destroyed most of Hezbollah's offensive assets,…
Despite a dramatic ending to the BMW Championship with Keegan Bradley barely hanging on, the top six in the U.S. Presidents Cup standings remained unchanged when the qualifying period for the six automatic berths ended Sunday. Coming into this week, Scottie Scheffler, Xander Schauffele, Collin Morikawa, Wyndham Clark, Patrick Cantlay and Sahith Teegale all occupied the coveted spots and held onto them through the weekend. All six will be selected for Captain Jim Furyk's U.S. team, and while players like Bradley and Sam Burns may not have made the top six, their recent form won't go to waste. Furyk will…
1 Progress is being made by China’s struggling local banks after Beijing recently called for their consolidation to reduce the local-level debts that present a significant source of systemic risk to China’s economy. On July 28, the central Henan province announced its consolidation plans, identifying 25 financial institutions that will be merged into a provincial-level, rural commercial bank, thus marking the first detailed plan to be published since the restructuring was approved in 2022. The plan is intended to “coordinate and clear non-performing assets under small and medium-sized banks, clean up problem shareholders, and replenish capital from multiple sources,”…
Already performing well, Asia Optical Co. Ltd. (TWSE:3019) shares are gaining momentum, up 42% in the past 30 days, with the annualized gain over the past 30 days being a very steep 96%. With its share price soaring, Asia Optical, with a P/E ratio of 33.4, could be considered a stock to avoid altogether, given that nearly half of Taiwanese companies have a price-to-earnings (or “P/E”) ratio of less than 21. That said, we need to dig a little deeper to determine whether there is a rational basis for the sky-high P/E. Asia Optical has been doing well lately, with…
By Aatish Bhatia Aatish Bhatia interviewed A.I. researchers, studied research papers and fed an A.I. system its own output. Aug. 25, 2024 The internet is becoming awash in words and images generated by artificial intelligence.Sam Altman, OpenAI’s chief executive, wrote in February that the company generated about 100 billion words per day — a million novels’ worth of text, every day, an unknown share of which finds its way onto the internet.A.I.-generated text may show up as a restaurant review, a dating profile or a social media post. And it may show up as a news article, too: NewsGuard, a…
SOUTH WILLIAMSPORT, Pa. — Lathan Norton didn't play in Saturday's Little League World Series because he was sick, but he did score the game-winning run in Sunday's final game.Lathan sprinted from second base to home plate after the ball was thrown to first base, and Lake Mary defeated Chinese Taipei, 2–1, in the eighth inning to win the championship, becoming the first Florida team to win the Little League World Series.”It's the best feeling ever,” said Lathan, who had a 102-degree fever on Saturday but recovered before the championship. “I haven't had time to really let it all sink in…
(Bloomberg) — Executives from Alphabet Inc.’s Google DeepMind, Microsoft Corp. and Meta Platforms Inc. joined tech founders in Bangalore earlier this month to watch a major Indian AI startup unveil a new product that could change how technology is used in the world’s most populous country.Most read articles on BloombergSarvam AI, also called India's version of Open AI, has launched software for businesses to interact with customers through voice as well as text. The technology has been developed using data in 10 Indian languages and is being sold at 1 rupee per minute to capture the market. “These voice bots…
A screen showing the Nikkei Stock Average on the trading floor of Nomura Securities' headquarters in Tokyo on January 11, 2024. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mixed on Monday as Israel and Hezbollah traded attacks on Sunday and investors assessed dovish comments from US Federal Reserve Chairman Jerome Powell.Powell on Friday hinted at a cut in the federal funds rate but did not say how much of a cut or exactly when.”The time has come to adjust policy,” the central bank governor said in Jackson Hole, Wyoming. “The direction to move forward is clear, and the timing…
European countries cannot escape Russia's misdeeds. Whether you appease or confront Russia, spies and saboteurs will target you either way. The Germans are concerned that sending long-range Taurus missiles to Ukraine could lead to a dangerous confrontation. But for the Kremlin, their own country is already a target. This summer, CNN reported on a plot to assassinate the CEO of German arms giant Rheinmetall and other arms industry executives. The news has gone strangely quiet. But Russian activity continues: German prosecutors say they are investigating “suspicion of subversive espionage” after repeated drone flights over critical energy infrastructure in the state…