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☆ Opinion | Nuclear Power as a Clean Energy Tool?
▼ + stars: | 2024-05-03 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Reviving Nuclear Energy Is a Fantasy,” by Stephanie Cooke (Opinion guest essay, April 24):Meeting the climate crisis and achieving net zero by 2050 without nuclear energy is a fantasy. The reality is that the United States must deploy every tool at its disposal to reach our clean energy goals. Nuclear power has delivered clean energy for over half a century. It also provides nearly half of the United States’ clean energy today. Climate Change Conference and the International Atomic Energy Agency Summit show that world leaders recognize we’ve only begun to see nuclear power’s potential to complement renewable energy sources in the race to net zero.

Persons: Stephanie Cooke, we’ve Organizations: Nuclear, United, International Atomic Energy Agency Locations: United States

☆ Opinion | The Fantasy of Reviving Nuclear Energy
▼ + stars: | 2024-04-18 | by ( Stephanie Cooke | ) www.nytimes.com time to read: +2 min

Thirty-four nations, including the United States and China, agreed “to work to fully unlock the potential of nuclear energy,” including extending the lifetime of existing reactors, building new nuclear power plants and deploying advanced reactors. “Nuclear technology can play an important role in the clean energy transition,” Ursula von der Leyen, the president of the European Commission, told summit attendees. Solar and wind power together began outperforming nuclear power globally in 2021, and that trend continues as nuclear staggers along. At the same time, investment in energy storage technology is rapidly accelerating. In 2023, BloombergNEF reported that investors for the first time put more money into stationary energy storage than they did into nuclear.

Persons: “, Ursula von der Leyen, BloombergNEF Organizations: International Atomic Energy Agency, “, European Commission Locations: Brussels, Belgian, United States, China

☆ Sydney knife attacker had mental health issues, ideology not motive, police say
▼ + stars: | 2024-04-14 | by ( ) www.cnbc.com time to read: +2 min

The man who fatally stabbed six people in Sydney had mental health issues in the past and there was no indication ideology was a motive in the attack in one of the city's busiest shopping centres, police said on Sunday. Cauchi's family recognised him and contacted police on Saturday after seeing news reports of the killings. Witnesses described how Cauchi, wearing shorts and an Australian national rugby league jersey, ran through the Westfield Bondi Junction mall with a knife. "This was a terrible scene," New South Wales Police Assistant Commissioner Anthony Cooke told reporters. Five of the six people killed were women, and the male victim was a shopping centre security guard, police said.

Persons: Joel Cauchi, Roger Lowe, Amy Scott, Anthony Cooke, Cauchi, Lowe, Ashlee Good Organizations: New, Queensland Police, Australian, rugby league, Westfield, New South Wales Police, Police Locations: Sydney, Queensland, New South Wales, Sydney's, New, Australia

☆ Bondi Junction: Five dead in mass stabbing at Sydney shopping center
▼ + stars: | 2024-04-13 | by ( Sandi Sidhu | Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —Five people have been killed in a mass stabbing at a busy shopping center in Sydney, Australian police said. Police were called to Westfield Bondi Junction on Saturday afternoon local time following reports of multiple people stabbed. Videos shared on social media show shoppers running from multiple exits of the shopping center, while police helicopters can be heard overhead. “The baby got stabbed and the mum got stabbed.”“We were holding the baby and trying to compress the baby. At least four people were killed and one injured in a mass shooting in Darwin, northern Australia in 2019.

Persons: Anthony Cooke, ”, Cooke, Anthony Albenese, Tragically, – Organizations: CNN, Police, New, New South Wales Police’s, NSW Ambulance, News Sydney Locations: Sydney, Westfield, New South, Bondi, Australia, Darwin, Arthur, Tasmania

☆ At Least 5 Killed in Stabbing at Mall in Australia
▼ + stars: | 2024-04-13 | by ( Victoria Kim | Damien Cave | ) www.nytimes.com time to read: +2 min

PinnedFive people were killed and several others injured in a stabbing rampage Saturday afternoon at a crowded major mall in Sydney, Australia, prompting the police to declare a critical incident and evacuate the area. The attacker was shot and killed by a lone police officer who was directed into the mall by people fleeing the scene, police said. The officer then opened fire, saving lives, Anthony Cooke, police assistant commissioner for the New South Wales Police, said at a news briefing. The assailant stabbed about nine people as he moved through the mall Saturday afternoon, Assistant Commissioner Cooke said. “There’s nothing we’re aware at the scene that would indicate any motive or ideology,” Assistant Commissioner Cooke said in the briefing, noting the investigation was in its early stages.

Persons: Anthony Cooke, Cooke, “, Yan Zhuang, Isabella Kwai Organizations: New South Wales Police, ”, Westfield, Southern Hemisphere Locations: Sydney, Australia, Westfield, Bondi, Sydney’s Eastern

Five people were killed and several others injured in a stabbing rampage Saturday afternoon at a crowded major mall in Sydney, Australia, prompting the police to declare a critical incident and evacuate the area. The attacker was shot and killed by a lone police officer who was directed into the mall by people fleeing the scene, police said. The officer then opened fire, saving lives, Anthony Cooke, police assistant commissioner for the New South Wales Police, said at a news briefing. The assailant stabbed about nine people as he moved through the mall Saturday afternoon, Assistant Commissioner Cooke said. “There’s nothing we’re aware at the scene that would indicate any motive or ideology,” Assistant Commissioner Cooke said in the briefing, noting the investigation was in its early stages.

Persons: Anthony Cooke, Cooke, “, ” Organizations: New South Wales Police Locations: Sydney, Australia

☆ Big corporations are quietly taking over your medical practice. Some doctors and experts say it's ruining healthcare.
▼ + stars: | 2024-04-11 | by ( ) www.businessinsider.com time to read: +17 min

UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.

Persons: —, UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta

☆ Here's how the cast of 'Shirley' compares to the real-life people they're playing
▼ + stars: | 2024-03-22 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

Academy Award winner Regina King stars as Shirley Chisholm. Regina King, left, as Shirley Chisholm in the Netflix film "Shirley." Glen Wilson/Netflix; OHalloran/Library of Congress/Interim Archives/Getty ImagesChisholm, born in Brooklyn, was the first Black woman elected to the US Congress. King has been acting professionally since the '80s, beginning with the TV show "227." King also won a Primetime Emmy for her performance as Angela Abar/Sister Night on HBO's limited series adaptation of the graphic novel "Watchmen."

Persons: Regina King, Shirley Chisholm, Shirley, Chisholm, Glen Wilson, King, Jerry Maguire, Stella, Oscar, Angela Abar, Malcolm X, Muhammad Ali, Jim Brown, Sam Cooke Organizations: Netflix, of Congress, Interim, Getty Locations: Washington , DC, Brooklyn, Miami .

☆ Opinion: ‘Drive-Away Dolls’ beats Florida’s right-wing politicians at their own game
▼ + stars: | 2024-02-23 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +7 min

But sometimes — as in Ethan Coen’s and Tricia Cooke’s wonderful “Drive-Away Dolls” — they’re more adventurous. Noah Berlatsky Noah BerlatskyCoen, best known for his collaborations with his brother Joel, co-wrote and co-directed “Drive-Away Dolls” with his wife and queer filmmaker, Cooke. Jamie (played by Margaret Qualley) and Marian (played by Geraldine Viswanathan) are pictured in "Drive-Away Dolls." Margaret Qualley and Geraldine Viswanathan co-star in Ethan Coen's and Tricia Cooke's latest film, "Drive-Away Dolls." “Drive-Away Dolls” tells the audience watching through that fence or otherwise, that queer looking, queer film, queer art and queer people are all a valuable, fun and worthy heist.

Persons: Noah Berlatsky, George Clooney, Ethan Coen’s, Tricia Cooke’s, Noah Berlatsky Noah Berlatsky Coen, Joel, Cooke, Jamie, Margaret Qualley, Beanie Feldstein, Marian, Geraldine Viswanathan, Marian’s, Gary Channel, Matt Damon, —, Coen, Tricia, Sen, don’t, Ron DeSantis, DeSantis, “, they’ve, Ethan Coen's, Tricia Cooke's, buttoned, John McNaughton’s, Norman, ” Organizations: CNN, Texas, Channel, Florida Gov Locations: Chicago, Tallahassee, Florida, American, Florida —, Marion, Hitchcock’s

☆ ‘Drive-Away Dolls’ Review: Ethan Coen’s Sluggish Joyride
▼ + stars: | 2024-02-22 | by ( Manohla Dargis | ) www.nytimes.com time to read: +3 min

The title of Ethan Coen’s leaden romp “Drive-Away Dolls” summons up the vulgar excesses of old-school exploitation cinema, with its horrors and pleasures, carnage and flesh. This is the most recent movie that Ethan Coen has made without his brother, Joel, his longtime collaborator. (Ethan also made the 2022 documentary “Jerry Lee Lewis: Trouble in Mind.”) To a degree, “Drive-Away Dolls” seems of a piece with the Coens’ practice of playing with story forms (film genres and otherwise), which they have consistently satirized, upended and all but gutted. Written by Coen and his wife, Tricia Cooke, “Drive-Away Dolls” opens on an old-style neon bar sign spelling out the word “Cicero,” immediately suggesting that you’re in familiar Coen territory. After some character introductions — enter Jamie, Marian et.

Persons: Ethan Coen’s, —, Margaret Qualley, Jamie, Geraldine Viswanathan, Marian —, Ethan Coen, Joel, Ethan, Jerry Lee Lewis, Coen, Tricia Cooke, “, Cicero, ”, Pedro Pascal, Marian et, Bill Camp, Marian’s, Beanie Feldstein, Marian Locations: Philadelphia, Florida, Tallahassee

☆ What MAGA World Gets Wrong About the N.F.L. and Taylor - The New York Times
▼ + stars: | 2024-02-11 | by ( Jane Coaston | ) www.nytimes.com time to read: +1 min

The National Football League is an American cultural behemoth: Ninety-three of 2023’s 100 most-watched television broadcasts were N.F.L. Among those who will be watching the game is National Review senior editor Charles C.W. A native of England, Cooke has become an avid football fan (specifically, of the Jacksonville Jaguars) and has written about his growing understanding of America’s one true national sport. He has also written about some on the Right’s aversion to the N.F.L., particularly as some concoct convoluted conspiracy theories involving singer Taylor Swift and her boyfriend, the Chiefs tight end Travis Kelce, while others denounce professional sports as a whole. As Cooke wrote in National Review, “Online, one can say that Taylor Swift is a ‘Deep State psyop’ and prompt a million Lost Boys to clap their hands in glee.

Persons: —, Charles C.W, Cooke, Taylor Swift, Travis Kelce, ’, ” Organizations: Kansas City Chiefs, San Francisco 49ers, National Football League, National Review, Jacksonville Jaguars, Chiefs, National, Boys, 49ers Locations: American, England

COOKE CITY, Mont. They say their work has helped keep deaths from spiking despite more skiers, snowboarders and snowmobilers pushing the limits on remote mountainsides. Cooke City is thronged with tourists by the thousands in summer, when it’s a bustling gateway to Yellowstone National Park. After it snows — and here storms are often measured by the foot — snowmobilers and skiers pack the few hotels and inns. On Saturdays at a backcountry warming hut used by snowmobilers, avalanche educators give basic rescue lessons including how to use avalanche beacons — transmitters that send a signal rescuers can use to find victims.

Persons: COOKE, Wesley Mlaskoch, Mlaskoch, “, ” Mlaskoch, Doug Chabot, it’s, ”, Chabot, “ It’s, he’s, Chabot snowmobiled, Cooke, Kay Whittle, Bill, Shannon Abelseth Organizations: Gallatin National Forest Avalanche Center, Avalanche, Cooke, U.S, Experts, U.S ., Antlers Locations: Mont, Montana, , Minnesota, Gallatin, Idaho , Colorado, Wyoming, Cooke City , Montana, Cooke City, Cooke, Yellowstone

PETERBOROUGH, N.H. (AP) — Trying to upset President Joe Biden in New Hampshire's primary, Democratic challenger Dean Phillips is running a TV ad across the state comparing him to Bigfoot — the argument being both are hard to find. "So I challenged myself to find President Biden in New Hampshire during this primary season. He pushed through Democratic rule changes that prioritized voters of color, deemphasizing New Hampshire's primary. But New Hampshire Democratic Party Chair Ray Buckley, who once warned that the new calendar meant a major Democratic challenger could embarrass Biden, now says his write-in campaign should easily prevail. That means Biden supporters could vote in the Republican primary, where Trump and former U.N.

Persons: Joe Biden, Dean Phillips, Biden, ” Biden, —, Phillips, Marianne Williamson, Donald Trump, Trump, There’s, ”, Angela Brennan, ” Phillips, Andrew Yang, Yang, cued, Yang wasn’t, “, it’s, ’, Biden “, Peter Leishman, ” Leishman, Ray Buckley, ” Buckley, Williamson, trumpeting Biden, Kathy Sullivan, “ I’ve, ” Sullivan, ” Ellen Lavoie Cooke, “ I’m, Desmond Kager, I’ll, Nikki Haley, Tracy Moloney, she'd, he's, Moloney, Rodrigue Ngowi Organizations: Democratic, Dartmouth, Trump, White, New Hampshire Democratic, New Hampshire, Democratic Party, New, AFL, Granite, New Hampshire Democrats, Social, Biden, Republicans, Republican, GOP, Dartmouth College Locations: PETERBOROUGH, N.H, New, New Hampshire, Minnesota, Hampshire, Peterborough, Portsmouth, America, Dover, American, Plymouth, ”, Portsmouth , New Hampshire

☆ HBO just released its first teaser for 'House of the Dragon' season 2. Expect more dragons and more bloodshed.
▼ + stars: | 2023-12-03 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

AdvertisementGet ready, because the second season of "House of the Dragon" is less than a year away. "House of the Dragon" season two will arrive on HBO sometime in the summer of 2024, HBO CEO Casey Bloys said at a Warner Bros. The first trailer for 'House of the Dragon' season 2 was released in DecemberThe first trailer for the second season was released on December 2 during the "House of the Dragon" panel at CCXP23 in São Paulo, Brazil. You can check it out here:Who's in the cast of 'House of the Dragon' season 2? Theo Whiteman/HBOWhile season one of "House of the Dragon" had 10 episodes, season two will only have eight, Deadline reported in March.

Persons: —, George R.R, Casey Bloys, Martin, Emma D'Arcy, Matt Smith, Matthew Needham, Eve Best, Rhys Ifans, Phoebe Campbell, Bethany Antonia, Ewan Mitchell, Fabien Frankel, Harry Collett, Olivia Cooke, Phia Saban, Steve Toussaint, Tom Glynn, Carney, Ollie Upton, Milly Alcock, Rhaenyra, Viserys, Paddy Considine, Simon Russell Beale, Ser Simon Strong, Freddie Fox, Ser Gwayne Hightower, Gayle Rankin, Alys, Abubakar Salim, Clinton, Jamie Kenna, Ser Alfred Broome, Kieran Bew, Hugh, Tom Bennett, Ulf, Tom Taylor, Cregan Stark, Vincent Regan, Ser Rickard Thorne, Theo Whiteman, Aemond, Miguel Sapochnik, Sapochnik, Ryan Condal, Alan Taylor, Condal, Alicent, Alicent Hightower, Rhaenyra Targaryen, Glynn, D'Arcy Organizations: Service, Dragons, HBO, Warner Bros, WGA, SAG, Entertainment, Jefferson, Clinton Liberty, Hollywood, Aegon Locations: Westeros, London, Wales, British, São Paulo, Brazil, Alys Rivers, Hull

☆ Everything we know about 'House of the Dragon' season 2
▼ + stars: | 2023-12-03 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

☆ How to see and where to watch the Geminid meteor shower at its peak — NASA says skies are ideal for viewing it.
▼ + stars: | 2023-12-02 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

The Geminid meteor shower will reach its peak on the night of December 13-14, according to NASA. Here's how and when to see the Geminid meteor shower. The Geminids is one of the best and most reliable annual meteor showers, happening every year in mid-December, according to NASA. While most meteor showers come from comet debris, the Geminids come from a large asteroid-like object called 3200 Phaethon. Advertisement"So it's gonna be a very good year for the Geminids," Cooke told BI.

Persons: —, Bill Cooke, it's, Cooke Organizations: NASA, Service Locations: Northern

☆ I left Washington, DC, for Oklahoma and can finally afford to live on my own thanks to the Tulsa Remote Program
▼ + stars: | 2023-11-24 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +4 min

Ryann Cooke used the Tulsa Remote program to move to Oklahoma from Washington DC. AdvertisementThis as-told-to essay is based on a conversation with Ryann Cooke, a 27-year-old who works in social media and is originally from Washington, DC. After being born and raised in Washington, DC and spending the first 26 years of my life there, I knew it was time for a change. I joined a Slack channel with other Tulsa Remote people and I was taken on a tour where I saw so many incredible cultural things, like Black Wall Street . The Tulsa Remote community is tight-knit and everyone is really intentional about making friends and putting themselves out there to develop connections.

Persons: Ryann Cooke, Cooke, —, It's, I've, I'm, Manseen Logan Organizations: Washington DC, Service, Tulsa, DC Locations: Tulsa, Oklahoma, Washington, DC, Washington , DC, Tulsa , Oklahoma, United States

Investment apps have made it too easy to check your investments, financial advisors say. Find a Qualified Financial Advisor Looking for the right advisor for you? Datalign Advisory makes finding a financial advisor specific to your needs easier than ever. "If you've done your homework or worked with someone to create a good long term investment plan, trust that it's going to work." Focus on what you can controlFinally, financial advisor Russ Ford of Wayfinder Financial says most people have limited time and mental energy to spend thinking about money.

Persons: —, Thomas Kopelman, Jeff Rose, you've, Rose, Jordan Nietzel, Get, Stephen Carrigg, There's, Gregory J, Cameron L, Richard Cooke, David H, DeWitt, Russ Ford, Ford Organizations: Investment, Service, Dow Jones, Trek Wealth, SEC, Bentron Financial, of Sound Foundation, Advisors, Vincere Wealth Management, DeWitt Capital Management, Wayfinder Locations: Indianapolis, DeWitt

☆ ‘Tasmanian devil’ is a stellar corpse showing energetic signs of life
▼ + stars: | 2023-11-16 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Space is full of extreme phenomena, but the “Tasmanian devil” may be one of the weirdest and rarest cosmic events ever observed. Astronomers dubbed the celestial object the “Tasmanian devil,” and they observed it exploding repeatedly following its initial detection in September 2022. But the Tasmanian devil is revealing more questions than answers with its unexpected behavior. While LFBOTs are unusual events, the Tasmanian devil is even stranger, causing astronomers to question the processes behind the repetitive explosions. We’d never seen that, period, in astronomy.”To better understand the quick luminosity changes occurring in the Tasmanian devil, Ho and her colleagues reached out to other researchers to compare observations from multiple telescopes.

Persons: supernovas, —, ”, Anna Y.Q, Ho, “, Jeff Cooke, ” Ho, We’d, Anna Ho, Jason Koski, ” Cooke, they’ve, Vik Dhillon Organizations: CNN, Cornell University’s College of Arts and Sciences, Australia’s Swinburne University of Technology, ARC Centre, Cornell University Altogether, Telescope, ”, University of Sheffield Locations: California, United Kingdom

☆ Northern Taurids: Meteor shower could produce fireball display
▼ + stars: | 2023-11-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +4 min

CNN —The Taurid meteor shower is not quite finished, with one of its two streams set to peak this weekend. When the Northern Taurids, an annual minor shower, is at its most active, sky-gazers could catch sight of a bright meteor or two streaking across the night sky. The Northern Taurids are expected to peak at around 7:21 p.m. Stemming from a parent comet called Encke, both Taurid showers typically produce low rates of five meteors per hour. When these celestial objects, known as the Encke Complex, take their orbital journey around the sun, they leave a debris trail that appears as the Taurid meteor showers when Earth’s orbit intersects with their path.

Persons: Bill Cooke, ” Cooke, “, Cooke, Encke, ●, Geminids, Ursids Organizations: CNN, Southern, NASA, Northern, American Meteor Society, Farmers Locations: Meteoroid

The world's biggest shopping event happens in China each year - and it's called Singles Day. WHEN DID THE IDEA OF SINGLES DAY ORIGINATE? The idea for Singles Day had originated at China's Nanjing University back in 1993 and was originally called "Bachelor's Day." Cyber Monday immediately follows Black Friday, which falls on the day after the U.S. Thanksgiving Day holiday, the busiest shopping day of the year in the United States. "The presale period of Tmall and particularly on -- in general, the Singles Day, confirms a softer trend versus a year ago," said Estee Lauder CEO Fabrizio Freda last week, adding that the company was more optimistic about the next part of the Singles Day events in November.

Persons: it's, Bain, Jacob Cooke, Pinduoduo, Cooke, Estee Lauder, Nike, JD.com, Fabrizio Freda, Nicolas Hieronimus, Hieronimus, Granth, Aditya Soni, Diane Craft Organizations: China's Nanjing University, Adobe Analytics, U.S, Reuters, Technologies, Cyber, HK, PDD Holdings, Adobe, Bain, HOPE, Nike, Procter & Gamble, Apple, L'Oreal, Thomson Locations: China, United States, Beijing, Greater China, Bengaluru

HONG KONG (AP) — Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday's annual Singles’ Day online retail extravaganza. Singles Day, also known as “Double 11,” was popularized by e-commerce giant Alibaba. Shoppers spent $38 billion in 24 hours on Alibaba’s e-commerce platforms during Singles’ Day in 2019. “The hype and excitement around Singles’ Day is sort of over," said Shaun Rein, founder and managing director of Shanghai-based China Market Research Group. “I just feel that people don’t spend as much as before, possibly because they don’t have much to spend,” she said.

Persons: ”, Shi Gengchen, Shi, Shaun Rein, Rein, keener, Hu Min, Alibaba’s Tmall, ” Jacob Cooke, ” Cooke, Yu Bing Organizations: — Shoppers, Bain & Company, Shoppers, China Market Research, Consumers, WPIC Locations: HONG KONG, China, Chaoyang, COVID, Shanghai, Shijiazhuang, China's Hebei, China's, Beijing

Data released on Thursday showing a drop in consumer prices to their lowest since the COVID-19 pandemic has increased the doubts in China's economic rebound after some months of indicators showing growth stabilising. China's big online shopping platforms did not release final sales figures for 2022, when analysts said COVID-19 restrictions inhibited spending and consumer confidence. Some indicators point to a slowdown in Singles Day sales. Data provider Syntun estimated e-commerce platforms sold 311 billion yuan of products from Oct. 31 to Nov. 3, a 7.1% decrease year-on-year. For Tan Jiapeng, a 35-year-old office worker in Beijing, his only Singles Day purchase so far has been a Descente winter jacket, an "essential purchase" for the winter.

Persons: Florence Lo, Jason Yu, Kantar, COVID, Bain, Jacob Cooke, Nomura, Tan Jiapeng, Tan, Casey Hall, Sophie Yu, Marius Zaharia Organizations: REUTERS, Rights, HK, PDD Holdings, Company, Technologies, Thomson Locations: Rights BEIJING, China, Beijing

☆ Singles Day: China’s e-commerce giants try to lure reluctant consumers with ‘truly low’ prices
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Laura He | ) edition.cnn.com time to read: +6 min

The Singles Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has turned into a weeks-long shopping bonanza in China. To lure them, e-commerce platforms are offering rock bottom prices this Singles Day. “While the government is looking for solid consumption growth, consumer spending is hampered by both lower household income growth and weak consumer confidence,” said Louis Kuijs, chief Asia economist at S&P Global Ratings. This is a real downgrade in consumption,” the user said, adding she hadn’t yet spent any money during the current Singles Day. “Some promotions are fake,” said another user under the name “Nyanko.” “Merchants have raised prices before cutting them for Singles Day.

Persons: ”, Alibaba, Alibaba’s, JD.com’s, Pinduoduo’s, ” “, Alicia Yap, Zhejiang province Hu Xiaofei, Louis Kuijs, ” Kuijs, Jacob Cooke, “, ” Cooke, Cooke, John Donahoe, Lululemon Organizations: Hong Kong CNN, Companies, Citi, “, China’s, Technologies, Bain and Company, Pinduoduo, Nike, . Company, Starbucks Locations: China, Hong Kong, Beijing, Jinhua, Zhejiang province, Asia

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