The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen's slide against the U.S. dollar.
CNBC
Broadcast Media Production and Distribution
Englewood Cliffs, NJ 2,901,803 followers
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Updates
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Despite being a $10.5 billion industry, timeshares are often not worth it.
Here's why owning a timeshare may not be worth it
cnbc.com
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The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%.
China unexpectedly leaves benchmark lending rates unchanged after Fed's jumbo cut
cnbc.com
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By adding satellites, hyper-local weather forecasting company Tomorrow.io will be able to provide more detailed granular weather data.
Weather intelligence company aims to revolutionize forecasting with a constellation of radar satellites
cnbc.com
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CNBC's Jim Cramer on Thursday reviewed stocks that have historically performed well just after the a cutting cycle starts and endorsed his favorites.
Jim Cramer reviews 10 stocks that perform well just after the start of a cutting cycle
cnbc.com
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Activist investor Politan won the two board seats it was seeking at Masimo, defeating founder Joe Kiani and another director at the shareholder vote.
Masimo CEO Joe Kiani ousted from board after proxy fight; Politan wins two seats
cnbc.com
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Following the Federal Reserve's interest rate cut, tech stocks had a slightly delayed rally but jumped on Thursday, with the Nasdaq climbing 2.5%.
Tesla, Nvidia lead tech-heavy Nasdaq to one of best days of 2024 after Fed rate cut
cnbc.com
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The company's Slack server was hacked in July, leading to more than a terabyte of company data being leaked to the public.
Disney to ditch Slack following July data breach
cnbc.com
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CNBC reposted this
John Donahoe is officially out at Nike and longtime company veteran Elliott Hill is coming out of retirement to take the top job. "Given our needs for the future, the past performance of the business, and after conducting a thoughtful succession process, the Board concluded it was clear Elliott's global expertise, leadership style, and deep understanding of our industry and partners, paired with his passion for sport, our brands, products, consumers, athletes, and employees, make him the right person to lead Nike's next stage of growth," Mark Parker, Nike's executive chairman, said in a statement. The news comes as Nike finds itself at a low point after shifting its strategy to sell directly to consumers at the expense of innovation. The strategy shift went awry under Donahoe's watch and now the company is looking to get back to the basics, which is why it's looking for a veteran like Hill to take the helm. What's interesting is that just three months ago, Nike co-founder Phil Knight told CNBC that Donahoe had his "unwavering confidence and full support" after the company had its worst trading day in its history following a rough earnings report. However, on Thursday, Knight said that he was ready to welcome Hill back. Is Hill the right leader for Nike? What areas of the business does he need to fix first? Tell me what you think in the comments below. w/ Jessica Golden https://lnkd.in/ebYPKdjT
Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
cnbc.com
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Nike CEO John Donahoe is retiring from his position and company veteran Elliott Hill is returning to take the top job. Donahoe is slated to step down on Oct. 13 but will remain on as an advisor through the end of January. Read more: cnb.cx/3TYDxp5