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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with RBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin DreyerRBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin Dreyer, join 'Closing Bell' to discuss markets as the S&P 500 breaks below 5,000.
Persons: RBC's Lori Calvasina, Victoria Fernandez, Gabelli's Kevin Dreyer, Lori Calvasina
Xi Jinping’s Green Leap Forward - The New York Times
  + stars: | 2024-04-19 | by ( Jacob Dreyer | ) www.nytimes.com   time to read: +1 min
He has brushed aside Deng Xiaoping’s maxim “To get rich is glorious” in favor of centralized planning and Communist-sounding slogans like “ecological civilization” and “new, quality productive forces,” which have prompted predictions of the end of China’s economic miracle. In recent years, the transition away from fossil fuels has become Mr. Xi’s mantra and the common thread in China’s industrial policies. It’s yielding results: China is now the world’s leading manufacturer of climate-friendly technologies, such as solar panels, batteries and electric vehicles. Last year the energy transition was China’s single biggest driver of overall investment and economic growth, making it the first large economy to achieve that. This raises an important question for the United States and all of humanity: Is Mr. Xi right?
Persons: Jinping, Deng, Xi Locations: China, United States
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe S&P 500 break doesn't mean it's time to be an uber bear, says RBC's Lori CalvasinaRBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin Dreyer, join 'Closing Bell' to discuss markets as the S&P breaks below 5,000.
Persons: RBC's Lori Calvasina RBC's Lori Calvasina, Victoria Fernandez, Gabelli's Kevin Dreyer
Hong Kong CNN —Chinese runner He Jie’s victory Sunday in the Beijing Half Marathon is facing a probe after his win was called into question by Chinese internet users because a trio of African runners appeared to deliberately slow down to let him win. The Chinese runner crossed the finish line in 1:03:44 to claim the $5,500 first prize, with the African trio just one second behind in joint-second place. The video clip shows the African runners applauding He’s win and patting him on the back, though the Asian Games marathon champion appears less enthused despite winning his first ever competitive half marathon. Some Chinese internet users called for an investigation into the race, while others demanded action from organizers. He is ranked 77th in the world in men’s marathon by World Athletics and is expected to lead the way for Asian runners in the upcoming Paris 2024 Summer Olympics.
Persons: Kenya’s Willy Mnangat, Robert Keter, Ethiopia’s, He’s, patting, , , ” Xstep, It’s, Mark Dreyer, That’s, “ It’s, Jie, ” Dreyer Organizations: Hong Kong CNN, Asian Games, Beijing Municipal Sports Bureau, Chinese Athletics Association, CNN, Sporting, World Athletics Locations: Hong Kong, Beijing, Kenya, Weibo, China’s Ningxia
Instacart will test ads on its Caper smart shopping carts at Bristol Farms grocery stores in Southern California, it said on Monday. This story is available exclusively to Business Insider subscribers. AdvertisementInstacart plans to have "thousands" of the Caper carts in stores by the end of 2024, Instacart CEO Fidji Simo told Bloomberg on Monday. Caper carts are just one example of the boom in what those in the industry call "retail media." AdvertisementMost retailers' ad sales are a fraction of Amazon's, which has been building its ad business for longer.
Persons: , General Mills, That's, Fidji Simo, they're, Simo Organizations: Service, Bristol Farms, Kroger, Schnucks, Business, Del, Del Monte Foods, Bloomberg, Retailers, Walmart, Amazon, Intelligence Locations: Southern California, Del Monte
Walking toward the shrinking remnants of what used to be the Aral Sea in Uzbekistan was like entering hell. I reached the edge of one of the scattered lakes which are all that remain of this once-great body of water. In the nearby town of Muynak, black and white newsreels in the local museum, and pictures in the family photo albums of residents, tell of better times. During the Soviet era, fishing communities like Muynak ringed the sea, thriving off its bounty: sturgeon, flounder, caviar and other staples of Soviet dinner tables. But over the decades, Soviet authorities diverted rivers that flowed into the sea to irrigate cotton and other crops.
Persons: Oktyabr Dospanov, Locations: Uzbekistan, Muynak, Michigan
But the sons and daughters of those builders are growing up in a very different world from their parents. There is widespread and growing discussion, for instance, of how to make Chinese society more equitable, green, urban and scientific. China is undergoing a profound transition to a high-tech, highly educated, prosperous and powerful nation that its “builder generation” could only imagine. And in frontier technologies like artificial intelligence, experts agree that a discussion without China amounts to the West talking to itself. Californians, plagued by wildfires, know that there are more immediate threats to their way of life than China.
Persons: Nicholas Burns Organizations: America, U.S, Soviet Union, U.S . Locations: China, United States, Russia, Iran, North Korea, Beijing, America, Soviet, China —, Soviet Union, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGabelli Funds' Kevin Dreyer offers his 'underfollowed and unloved' stock picksKevin Dreyer, Gabelli Funds co-CIO, joins 'Closing Bell' to discuss opportunity plays outside of mega-cap tech.
Persons: Kevin Dreyer Organizations: Gabelli
HANGZHOU, China, Sept 21 (Reuters) - China hopes to make a splash with the Asian Games, opening on Saturday, but nationwide excitement has been muted as the economy sputters and some locals question the cost of the sporting extravaganza. Organisers this week expressed confidence in holding a "magnificent" games, thanks to President Xi Jinping’s "important instructions" and great, broad-based efforts. "People care more about their own lives, and the Asian Games are not on the top of their list of concerns," Yan said. [1/4]A woman poses for pictures in front of statues of the three mascots of the 19th Asian Games Hangzhou 2022, near the Hangzhou Asian Games Village, in Zhejiang province, China September 20, 2023. "There's a saying online: 'The Hangzhou city government, when encountering even a dog, wishes they could catch it and give it a fresh coat of paint'."
Persons: Xi Jinping’s, Xi, Bashar al, Assad, John Yan, Yan, Jiang, It's, Mark Dreyer, Tingshu Wang, Wu Lili, Zhang, Jules Boycoff, it's, Dylan Martinez, Martin Quin Pollard, Xihao Jiang, William Mallard Organizations: Asian Games, COVID, Games, Sports, Beijing Olympics, Asian, Hangzhou, REUTERS, Pacific University, Thomson Locations: HANGZHOU, China, Hangzhou, Beijing, Zhejiang province, Zhejiang, Shanghai, U.S ., Oregon, West
Entelis, Moseley, Sherling and Leavy all plan to stay at CNN as Thompson takes over as CEO, according to people familiar with the matter. Programming CNN MaxBefore joining The New York Times, Thompson was director-general — a combination of chief executive and editor-in-chief — of the British Broadcasting Corporation. He'll have a chance to develop new shows at CNN Max, a tab in Warner Bros. With CNN Max, Thompson will try to program for a younger audience. Thompson will have some runway to invest in CNN Max.
Persons: Brandon Bell, Mark Thompson, Thompson, Donald Trump, Entelis, CNN hasn't, Licht, Jeff Zucker, Andrew Morse, CNN Max, CNN's, , Zucker, Jason Kilar, Max, JB Perrette, Gabelli's Kevin Dreyer Organizations: CNN, Getty, Licht, Warner Bros . Discovery, Republican, The New York Times, Times, New York Times, CNN.com, Athletic, British Broadcasting Corporation, Warner Bros, U.S, Variety, Disney Locations: Atlanta , Georgia, Thompson's, Moseley, Sherling
Swedbank estimates the current shortfall for Heimstaden Bostad could be roughly 30 billion crowns ($2.7 billion). Sweden's financial regulator launched an inquiry into why and how Alecta had invested $4.5 billion in the property giant, in the first place. "If interest rates continue to rise and it's coupled with unemployment, that's what we are afraid of." With interest rates still climbing, analysts such as Marcus Gustavsson of Danske Bank, believe the worst is not yet over. "With rising interest rates, that funny money has turned into real money and it is painful."
Persons: Heimstaden Bostad, Alecta, Christian Dreyer, Karolina Ekholm, Heimstaden's Dreyer, we're, Dreyer, Niklas Wykman, Heimstaden, David Perez, Marcus Gustavsson, Andreas Cervenka, Sweden, Simon Johnson, Johan Ahlander, Greta Rosen Fondahn, Chiara Elisei, John O'Donnell, Hugh Lawson Organizations: International Monetary Fund, GOVT, Sweden's, Financial, Reuters, SBB, Danske Bank, Thomson Locations: STOCKHOLM, Nordic, Stockholm, Berlin, Sweden, Heimstaden, Germany, Gdansk, London
In such an environment, pricing power is crucial to a firm's success, says Kevin Dreyer. One of the qualities that makes a company attractive to them is strong pricing power: being able to hold prices steady in tough times or even raise them as inflation surges. "I don't tend to think of private label firms as having the best pricing power out there, but that said, what Treehouse has done is pretty unique," he said. The third firm Dreyer talked about was BellRing Brands (BRBR), which owns protein snack brands like PowerBar and Premier Protein. Dreyer also thinks they're a good candidate to be acquired by a larger firm at a premium.
Persons: Kevin Dreyer, Mario Gabelli, Dreyer, Captain Morgan, Don Julio, Baileys, Johnnie Walker, they'll, " Dreyer, they're Organizations: Funds, Diageo, BellRing Brands, Diageo Brands, Guinness, Scotch Whiskey Association, Treehouse Foods, PowerBar Locations: North, South America, India, France
When selling a movie about raunchy talking dogs, it helps to have some star power to get moviegoers into seats. And “Strays,” which opened Friday, has it — at least on the screen. “Strays,” which had a budget of $46 million, is one of four movies that opened widely across the country this weekend. (The studio’s previous R-rated comedy that paired raunchy material with family-friendly characters, “Good Boys,” opened in 2019 to $21 million. “Cocaine Bear,” also from Universal, had a far more robust opening, $23 million, back in February.)
Persons: Will Ferrell, Jamie Foxx, Randall Park, Isla Fisher, Dylan Dreyer, Australian Shepherd, , Organizations: Universal Pictures, Universal Locations: Australian
CNN —South Korean soccer star Son Jun-ho has been arrested in China for allegedly accepting bribes as Beijing clamps down on alleged corruption in the upper ranks of Chinese football. A South Korean Foreign Ministry spokesperson said Tuesday the ministry was aware of Son’s situation and that local Korean diplomatic missions were providing consular assistance. Wang said China would provide South Korean officials with the “necessary facilitation” to perform their consular duties. The Korea Football Association (KFA) said it had written to the Chinese Football Association and the Asian Football Confederation regarding the player on Tuesday but had not yet heard back. Vice President Kim Jeong-bae was checking on Son’s condition with the South Korean Foreign and Sports Ministries, a KFA official told CNN.
The behemoth health-records company Epic, which touches all corners of the healthcare ecosystem, is embracing generative AI as a necessary priority. For eight months, he and a team at Microsoft have been working with OpenAI to explore how generative AI could work in healthcare. Scientific, ethical, and legal mysteries behind ChatGPTLee's panel drew top leaders from tech and healthcare, and their questions on generative AI were sweeping. OConnor edited the note to fix a mistake and clicked a button to transfer it directly into the patient's health record. Generative AI is far from a slam dunk, HIMSS's Bogdan said, citing adoption and privacy concerns.
China is becoming more involved in the Ukraine war, raising alarm in the West. As the West warns China could send weapons, experts are torn over Beijing's goals and endgame. But they agree that China does not want to see Russia lose, despite its claim of neutrality. China wants to see the war "prolonged without Russia being humiliated," June Teufel Dreyer, a China expert at the University of Miami, told Insider. A man watches a news broadcast showing military operations near Taiwan by the Chinese People's Liberation Army's (PLA), in Beijing, China, on August 3, 2022.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailValue will outperform growth as long as Fed remains hawkish, says Gabelli Funds' Kevin DreyerKevin Dreyer, Gabelli Funds co-cio, joins 'Closing Bell: Overtime' to discuss why he thinks value will continue to outperform growth.
CNN —Al Roker missed his first Macy’s Thanksgiving Day Parade in 27 years as he recovers from a health scare. The famed “Today” meteorologist recently shared that he had been hospitalized after a blood clot in his leg traveled to his lungs. “After some medical whack-a-mole, I am so fortunate to be getting terrific medical care and on the way to recovery,” Roker wrote on his verified Instagram account. “Thanks for all the well wishes and prayers and hope to see you soon.”It kept Roker from his traditional co-hosting of the annual parade along with his “Today” colleagues Savannah Guthrie and Hoda Kotb. NBC meteorologist Dylan Dreyer filled in for Roker at the event on Thursday and fielded a call from President Joe Biden and first lady Jill Biden, who inquired about how Roker was doing.
Manchester United has said it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. The last silverware they won was the Europa League and League Cup back in 2017. Wealthy Asian tycoons, especially those from China, have been buying European teams in recent years including Premier League side Wolverhampton Wanderers and Italy’s Inter Milan. Manchester United shares jumped as much as 20% after Sky News first reported on the sale process, giving the club a market capitalization of $2.6 billion. The Glazers bought the club for 790 million pounds ($939.07 million) in 2005 in a highly leveraged deal which has been criticized for loading debt onto the club.
CNN —Al Roker has revealed he has been recently hospitalized and receiving treatment for blood clots. “After some medical whack-a-mole, I am so fortunate to be getting terrific medical care and on the way to recovery,” he added. Roker signed off with, “Thanks for all the well wishes and prayers and hope to see you soon. “It’s hard to slow down Al but he’s on the mend and he’s on the way to recovery,” Guthrie added. “I don’t know if he watches this show but we love you, Al.
În sferturi, Olanda va înfrunta Franţa (la Budapesta), Danemarca va juca împotriva Germaniei, finalista ediţiei trecute (Szekesfehervar), în timp ce Spania, campioana en titre, va primi replica formaţiei Croaţiei (Maribor), iar Portugalia va evolua contra Italiei (Ljubljana). În celălalt meci al grupei, Franţa a dispus de Islanda cu 2-0, prin golurile semnate de Matteo Guendouzi (17) şi Odsonne Edouard (38), transmite Agerpres. Franţa 6 puncte, 3. Croaţia 3 puncte, 3. Elveţia 3 puncte, 4.
Persons: Jacob Bruun Larsen, Anders Dreyer, Carlo Holse, Matteo Guendouzi, Edouard, Diogo Queiros, Francisco, Francisco Conceicao, Miro, Croaţia, deşi, Eberechi, Curtis Jones Organizations: Franţa, Agerpres Locations: Olanda, Germania, Spania, Italia, Budapesta, Danemarca, Germaniei, titre, Maribor, Portugalia, Italiei, Ljubljana ), României, Rusiei, Franţa, Islanda, Elveţia, Angliei, Anglia, Slovenia, Ungaria
Liverpool şi Bayern Munchen au obţinut victorii categorice în deplasare, marţi seara, în meciurile din etapa a treia a grupelor Ligii Campionilor la fotbal. Real Madrid a reuşit prima sa victorie în grupă, 3-2 cu Inter Milano, golurile fiind marcate de Karim Benzema, Sergio Ramos şi Rodrygo. Clasament:loc echipa M V E Î GM-GP P1 Borussia Moenchengladbach 3 1 2 0 10-4 52 Real Madrid 3 1 1 1 7-7 43 Şahtior Doneţk 3 1 1 1 3-8 44 Inter Milano 3 0 2 1 4-5 2Grupa CFC Porto – Olympique Marseille 3-0Au marcat: Moussa Marega 4, Sergio Oliveira 28 – penalty, Luis Diaz 69. Clasament:loc echipa M V E Î GM-GP P1 Manchester City 3 3 0 0 9-1 92 FC Porto 3 2 0 1 6-3 63 Olympiakos Pireu 3 1 0 2 1-5 34 Olympique Marseille 3 0 0 3 0-7 0Grupa DAtalanta Bergamo – Liverpool 0-5Au marcat: Diogo Jota 16, 33, 55, Mohamed Salah 47, Sadio Mane 49. Clasament:loc echipa M V E Î GM-GP P1 Liverpool 3 3 0 0 8-0 92 Ajax 3 1 1 1 4-4 43 Atalanta 3 1 1 1 6-7 44 FC Midtjylland 3 0 0 3 1-8 0Legendă: M – meciuri, V – victorii, E – egaluri, Î – înfrângeri, GM – goluri marcate, GP – goluri primite, P – puncte
Persons: Portughezul Diogo Jota, Mohamed Salah, Austriecii, Robert Lewandowski, Jerome Boateng, Leroy Sane, Lucas Hernandez, Rasmus Kristensen, Karim Benzema, Sergio Ramos, Martinez, Ivan Perisic, Anton Miranciuk, Jose, Leroy, Valeri Bondar, Lars Stindl, Karim, Ivan, Sergio Oliveira, Luis Diaz, Dimitri Payet, Gabriel Jesus, Diogo, Anders Dreyer, Antony Organizations: Bayern Munchen, Campionilor, . Liverpool, Atalanta, Bayern, Salzburg, Real Madrid, Inter Milano, Manchester City, FC Porto, Olympiakos Pireu, Olympique Marseille, Ajax, FC Midtjylland, Liverpool, A Lokomotiv Moscova, Atletico Madrid, GM, Lokomotiv Moscova, Borussia, Olympiakos, Ajax Amsterdam, FC Locations: Liverpool, Bergamo, titre, Danemarca, Bayern, Atletico, Olympiakos Pireu, Atalanta Bergamo
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