Typhoon Shanshan is impacting southern Japan, with emergency warnings for torrential rain, strong winds, high waves, and storm surges in Miyazaki, Kagoshima, and Ehime prefectures, and landslide warnings in Shizuoka. The typhoon made landfall near Makurazaki in Kyushu, bringing gusts up to 85 mph and over 15 inches of rain. Previously, it reached Category 4 strength, affecting Amami Oshima Island and Kikaijima with winds near 100 mph. Storm chasers reported severe conditions, likening the scene to “Dementors” from Harry Potter.
Read more at: https://www.washingtonpost.com/weather/2024/08/28/typhoon-shanshan-japan-landfall-kyushu-forecast/
At least 10 Palestinians were killed in Israeli raids in the occupied West Bank, according to the Palestinian health ministry. Israeli forces described the operation in Jenin and Tulkarm as a “counterterrorism operation,” killing five armed terrorists and four others in an airstrike near Tubas. The violence follows a spike since Hamas’s attack on Israel on 7 October. Hundreds of Israeli forces were active in multiple cities, with significant casualties reported in Jenin and Tubas. Local journalists noted the scale of the operation was unprecedented since the second intifada.
Read more at: https://www.bbc.com/news/articles/cm2ny546m7go
Israeli Bedouin Qaid Farhad Alkadi, 52, returned to Khirbet Karkur after being rescued from Gaza, receiving a hero’s welcome. However, his village faces demolition as the government deems it an illegal settlement in a protected forest. About 70% of residents have been notified of impending home razing. Despite the joyous return, the community is overshadowed by the threat of displacement. Alkadi was greeted by well-wishers and media, and celebrated with family and neighbors in a large tent.
Read more at: https://apnews.com/article/bedouin-village-hostage-demolition-israel-arab-7f67ea47c7fb96a966dd8e45a2556a15
A lone, sexually frustrated male bottlenose dolphin is believed to be responsible for a series of attacks on swimmers in Japan’s Fukui Prefecture. Researchers suggest the dolphin’s unusual behavior stems from loneliness after being separated from its pod. Since July 21, 18 people have been bitten, with over 45 injuries reported since 2022. Marine experts note that playful biting is common among male dolphins, who typically live in social groups.
Read more at: https://www.usatoday.com/story/news/world/2024/08/28/lonely-dolphin-japan-biting-attacking-swimmers/74983211007/
Prime Minister Sir Keir Starmer’s visit to Berlin aimed to define a “reset” in UK-Europe relations. Despite the positive atmosphere, the term “reset” remains vague. Starmer and German Chancellor Olaf Scholz, both center-left leaders, have met five times, but this was their first formal meeting. They discussed solidifying the Anglo-German relationship with a treaty, with Scholz expressing enthusiasm for the collaboration.
Read more at: https://www.bbc.com/news/articles/cdd7g5d8dqdo
On August 23, 2024, Nvidia shares dropped 6% in extended trading despite exceeding fiscal second-quarter expectations and issuing a positive sales outlook. Traders were unimpressed, expecting a stronger performance. Nasdaq 100 futures fell as Nvidia’s results didn’t meet lofty investor expectations. Ryan Detrick of Carson Group noted that while Nvidia’s revenue grew 122%, the earnings beat was smaller than previous quarters. Meanwhile, Salesforce shares rose 3% after surpassing fiscal second-quarter estimates and raising its full-year profit outlook, and CrowdStrike also gained 3%.
Read more at: https://www.cnbc.com/2024/08/28/stock-market-today-live-updates-.html
Super Micro Computer (SMCI) stock dropped 19% after announcing a delay in filing its annual report, citing the need for more time to assess internal controls. This follows Hindenburg Research’s allegations of “accounting manipulation.” Despite soaring from $290 in January to $1,200 in March, the stock is now down over 60% from its peak but still up 50% year-to-date. A 10-for-1 stock split is set for Oct. 1. The stock also fell 2% after Hindenburg’s report highlighted accounting red flags and other issues.
Read more at: https://finance.yahoo.com/news/super-micro-stock-plunges-19-after-company-delays-annual-report-following-short-seller-report-200333718.html
The Cut recommends taking advantage of Labor Day sales to snag last-chance summer items and early fall essentials. They highlight deals across fashion, beauty, home, and travel categories. Notable fashion sales include up to 25% off at Madewell and Everlane, and summer sales at Nordstrom and Reformation. For more curated finds, sign up for the Cut Shop Newsletter.
Read more at: https://www.thecut.com/article/best-labor-day-sales-2024.html
Six more people have died in a multistate listeria outbreak linked to Boar’s Head deli meat, bringing the total deaths to nine, with 57 hospitalizations. The CDC reports this as the largest listeriosis outbreak since 2011. The outbreak spans 18 states. Boar’s Head recalled its Strassburger Brand Liverwurst and later expanded the recall to seven million pounds of meat from its Jarratt, Virginia facility. Boar’s Head emphasized their commitment to food safety and expressed regret for the impact on affected families.
Read more at: https://www.nbcnews.com/health/health-news/more-deaths-linked-boars-head-deli-meat-listeria-outbreak-rcna168681
The Bureau of Labor Statistics (BLS) faced delays in releasing crucial jobs data due to a time-stamping issue, leading to some financial firms accessing the information early. This lapse, the third such incident this year, has raised concerns about the agency’s reliability. The delayed data, showing significant downward revisions in job creation, was highly anticipated by economists and traders, especially as the Federal Reserve considers interest rate cuts. The BLS has since taken steps to prevent future issues and notified the Labor Department’s Office of Inspector General, potentially prompting an investigation.
Read more at: https://www.washingtonpost.com/business/2024/08/28/technical-error-bls-jobs-delay/