Day: September 29, 2024
Japan’s Nikkei set to plunge 6% with Asia markets on course for mixed open ahead of China data
A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty Images Japan’s Nikkei was set to over plunge 6% Monday while broader Asia markets were on course for a mixed open ahead of key economic […]
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Forget Nvidia: Here’s how one CIO is positioning after the rate cut
The U.S. Federal Reserve’s bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors and stocks. Kingsley Jones, a chief investment officer at the Sydney-headquartered Jevons Global, says the rate cut has “supported the market.” “At this point, there was some concern if the Fed went with a jumbo […]
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Stock futures are little changed to kick off final session of a strong month and quarter: Live updates
Traders work on the floor of the NYSE. NYSE U.S. stock futures were flat to kick off the final trading session of September after the major averages rose to their third consecutive week of gains. Futures tied to the Dow Jones Industrial Average traded near the flatline. S&P 500 futures added just 0.04% and Nasdaq […]
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‘Golden Week’ bookings show Chinese travel preferences are evolving
Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling. Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel […]
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U.S. East Coast port strike set to start Tuesday, union says
Cranes stand over shipping containers at Port Newark on March 26, 2024. Spencer Platt | Getty Images A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays and snarl supply chains. “United States […]
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Biden says he won’t intervene if port workers go on strike
U.S. President Joe Biden gestures as he arrives to Dover Air Force Base in Dover, Delaware, U.S., September 27, 2024. Elizabeth Frantz | Reuters U.S. President Joe Biden said on Sunday he did not intend to intervene to prevent a port strike on the East Coast and Gulf of Mexico if dock workers failed to […]
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Mark Cuban warns Elon Musk: Trump’s ‘loyalty is only to himself’
Mark Cuban and Elon Musk. Getty Images Billionaire investor Mark Cuban cautioned Tesla CEO Elon Musk on Sunday against forming an alliance with former President Donald Trump, because, he said, the Republican presidential nominee may not ultimately repay his political debts. “Elon, there will come a time when you need something from Donald Trump,” Cuban […]
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Far-right wins close Austria election, a boost for Putin
People walk past election campaign billboards showing Austrian Chancellor Karl Nehammer of the Austrian People’s Party (OeVP) and Herbet Kickl of the far-right Austria Freedom Party (FPOe) on September 24, 2024 in Vienna, Austria. Austria is scheduled to hold parliamentary elections on September 29. Thomas Kronsteiner | Getty Images News | Getty Images A far-right party […]
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Why it’s time to take warnings about using public Wi-Fi, in places like airports, seriously
Over the years, travelers have repeatedly been warned to avoid public Wi-Fi in places like airports and coffee shops. Airport Wi-Fi, in particular, is known to be a hacker honeypot, due to what is typically relatively lax security. But even though many people know they should stay away from free Wi-Fi, it proves as irresistible to […]
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