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☆ Sell in May and go away? Think again
▼ + stars: | 2024-05-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s “sell in May and go away” season. All three major indexes broke five-month winning streaks as hotter-than-expected inflation data stoked fears that interest rate cuts will come later than forecast. The central bank kept interest rates on hold at a 23-year high at its policy meeting. Persistent inflation has kept long-anticipated rate cuts on the backburner. Tesla “has let our entire charging org go,” William Navarro Jameson, strategic charging programs lead at Tesla, wrote on X.

Persons: Stocks, Jerome Powell, ”, Alex McGrath, Larry Tentarelli, Bryan Mena, it’s, Read, Tesla, Tesla “, ” William Navarro Jameson, Lane Chaplin, Hanna Ziady, Peter Valdes Organizations: CNN Business, Bell, New York CNN, The, Dow Jones, Nasdaq, Wednesday, Traders, Blue, Carson Group, Research, Federal Reserve, Fed, Motors, Ford, Tesla Locations: New York

☆ TikTok agrees deal with Universal Music Group, bringing back the world’s biggest artists
▼ + stars: | 2024-05-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Ariana Grande, Adele and Rihanna will soon be back on TikTok, joining Taylor Swift after a deal with Universal Music Group ended a feud that saw one of the world’s biggest record labels pull its music from the video platform. The licensing agreement, announced Wednesday, means that within one to two weeks TikTok’s 1 billion-plus users will be able to use music by UMG artists in their videos. All videos featuring Universal artists’ music that had previously been muted because of copyright violations will be unmuted. “We are pleased to have found a path forward with Universal Music Group,” TikTok CEO Shou Chew said in a joint statement. Universal pulled its music off TikTok in February after the two companies failed to reach an agreement on royalty fees for Universal’s artists, who also include Lady Gaga, Coldplay and Justin Bieber.

Persons: London CNN — Ariana Grande, Adele, Rihanna, Taylor Swift, Michael Nash, Shou Chew, Lady Gaga, Coldplay, Justin Bieber, TikTok, ” Organizations: London CNN, Universal Music Group, ”, UBS, Universal, TikTok, Poets Department Locations: TikTok

☆ Army National Guard hasn't paid out enlistment bonuses to thousands of soldiers, alarming House lawmakers
▼ + stars: | 2024-05-02 | by ( Steve Beynon | ) www.businessinsider.com time to read: +5 min

House lawmakers criticized the National Guard over enlistment bonuses owed to more than 13,000 soldiers. AdvertisementA bipartisan group of House lawmakers is demanding answers from the Army National Guard on its plans to pay delinquent enlistment bonuses to the thousands of soldiers who are owed. A US soldier with the Oklahoma National Guard stands watch along a perimeter fence near the US Capitol in Washington, DC. US Army National Guard photo by Sgt. AdvertisementThe backlog was particularly inflamed by two 10-month outages of the Army National Guard Incentive Management System, or GIMS, which manages bonuses.

Persons: —, Daniel Hokanson, Ruben Gallego, Mike Waltz, Trent Kelly, they're, Thomas Alvarez, It's, isn't, Anthony Jones, Kelly, Hanna Smith Organizations: National Guard, Service, Army National Guard, Guard's, Democrat, Florida Republican, Republican, Guard, Idaho National Guard, Operation Spartan, US, Oklahoma National Guard, US Army National Guard, National Guard Bureau, US Army, Air National Guardsmen, Civil Disturbance Unit, Capitol Police, US Air National Guard, Staff, Army National Guard Incentive Management Locations: Arizona, Florida, Mississippi, Asia, Washington , DC

☆ Tesla axes electric vehicle charging team
▼ + stars: | 2024-05-01 | by ( Hanna Ziady | Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

London/New York CNN —Tesla has abruptly fired the team running its electric vehicle charging business, raising doubts about the future of one of the largest US charging networks, which other carmakers, such as General Motors and Ford, have said they will also use. Tesla “has let our entire charging org go,” William Navarro Jameson, strategic charging programs lead at Tesla, wrote on X. Following an invitation by Tesla chief executive Elon Musk, virtually every big automaker in the United States has committed to making EVs compatible with Tesla’s charging technology, now known as the North American Charging Standard. In response, major EV charging providers such as Electrify America and EVgo have also announced they will begin building chargers with NACS cables. “What this means for the charging network, NACS and all the exciting work we were doing across the industry, I don’t yet know,” Jameson wrote in his post.

Persons: New York CNN — Tesla, Tesla “, ” William Navarro Jameson, Lane Chaplin, Tesla, Elon Musk, ” Jameson, Musk, Dan Ives, ” Organizations: New York CNN, Motors, Ford, The, Tesla, American, EV, Wedbush Securities, CNN Locations: London, New York, United States, America

☆ Volkswagen’s electric car orders double in Europe
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs. New orders for electric cars more than doubled in Europe, Volkswagen said in an earnings statement Tuesday. He acknowledged, however, that the pace of EV sales growth in Europe and the United States had been slower than the German carmaker had originally anticipated. As for Volkswagen’s EV deliveries, they declined 16% in Europe in the first quarter compared with the same period in 2023. “With these actions and our highly profitable combustion engine car business, we are well-prepared to continue to play a leading role in China,” Antlitz said.

Persons: London CNN —, Arno Antlitz, carmaker, ”, Antlitz, ” Antlitz Organizations: London CNN, Volkswagen, Europe’s, CNN, EV, ” Locations: Europe, EVs ., United States, China

☆ Brexit border checks: Britain braces for less choice and higher prices on food imports
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | Anna Cooban | ) edition.cnn.com time to read: +10 min

The new regime for food imports is perhaps the starkest example of the painful border bureaucracy that UK and EU businesses must contend with in the wake of Brexit. An additional cost of that scale will “significantly increase food prices and reduce choice,” the federation’s CEO Phil Pluck wrote in a letter to environment and food minister Steve Barclay earlier this month. But here too Brexit hasn’t helped, ending as it did the free movement of EU workers on whom British farmers had relied for decades. In addition to Brexit-related challenges, UK farmers have been squeezed by soaring input costs, including those of fertilizer, energy and labor. “I’m not hugely in favor of subsidies, I’m in favor of fair food prices,” Maddocks said.

Persons: Eddie Price, ”, Phil, Steve Barclay, Andrew Aitchison, Andrew Opie, “, Jack Bobo, “ It’s, Price, hasn’t, ” Tom Bradshaw, “ You’re, Chris Ratcliffe, Brexit, ” Philip Maddocks, I’m, ” Maddocks Organizations: London CNN, European Union, EU, Britain, Birmingham Wholesale, CNN, Chain Federation, British Retail Consortium, University of York, Food Systems, University of Nottingham, Birmingham Wholesale Market, Bank, National Farmers ’ Union, Bloomberg, Getty, PDM Locations: United Kingdom, Britain, France, Spain, artichokes, Italy, Birmingham, Dover, Port, Netherlands, Ireland, Germany, North Africa, England, Sandwich, Australia, New Zealand, English, Shropshire

☆ Meta stock plunges on ‘aggressive’ AI spending plans
▼ + stars: | 2024-04-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. Meta (META), which also owns WhatsApp and Instagram, said Wednesday that first-quarter profit more than doubled year-on-year, while revenue was up 27%. Meta said full-year capital expenditure would be in the range of $35-40 billion — up from previous guidance of $30-37 billion — as it continues to accelerate infrastructure investments to support AI. Meta has forecast revenue of $36.5-39 billion, versus analyst expectations of $38.2 billion.

Persons: —, ” Sophie Lund, Yates, Hargreaves Lansdown, Meta, Mark Zuckerberg, ”, Stephen Innes Organizations: London CNN —, Meta, Facebook, Microsoft, Google, ”, Management

☆ Americans are falling behind on their payments
▼ + stars: | 2024-04-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Americans are already struggling to keep up with their credit card payments. Strong consumer spending has buoyed the US economy through the Fed’s aggressive hiking cycle that has brought interest rates to a 23-year high. Economists say that Fed officials look closely at Americans’ ability to make their payments. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. “This is particularly troubling given that ‘naked’ short selling often entails sophisticated market participants profiting at the expense of retail investors,” the Trump Media CEO wrote.

Persons: New York CNN —, Austan Goolsbee, ’ ”, ”, Ramon Laguarta, Matt Egan, Devin Nunes, ” Nunes, Nunes, Read, Hanna Ziady, Colm Kelleher, “ Organizations: CNN Business, Bell, New York CNN, Chicago Federal, Society for, New York Fed, ISI, PepsiCo, Commerce Department, Atlanta Fed, Social, Trump Media, Trump Media & Technology Group, Truth Social, Financial Services, Republican, Traders, UBS, Credit Suisse Locations: New York, California, Switzerland, Swiss

☆ Losing a Foot Never Held Her Back, Until She Tried to Join the Military
▼ + stars: | 2024-04-25 | by ( Dave Philipps | ) www.nytimes.com time to read: 1 min

Hanna Cvancara’s dream is to become a nurse in the military, and she has been trying to achieve that dream for more than a decade. But every time she applies, she gets rejected. She can do double the number of push-ups required, and has finished the timed 1.5-mile run with minutes to spare. The issue is that Ms. Cvancara has only one foot and gets around on a prosthetic. So the military will not let her join.

Persons: Hanna Cvancara’s, It’s, Cvancara Locations: Spokane

☆ Switzerland says UBS may need more cash. The bank is fuming
▼ + stars: | 2024-04-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center. “There can be no regulatory solution for a broken business model,” he continued, referring to Credit Suisse. UBS bought its stricken rival last March in a government-orchestrated rescue aimed at preventing a global financial crisis. It was not too-low capital requirements that forced Credit Suisse into the historic weekend rescue,” he added. But that leaves the stock more vulnerable to declines as a result of “execution risk in the Credit Suisse integration,” suggested Citi analyst Andrew Coombs.

Persons: London CNN —, Colm Kelleher, “, ”, Kelleher, Pascal Mora, Karin Keller, Keller Sutter, Anke, Andrew Coombs, ” Kelleher, Sergio Ermotti’s, Ermotti Organizations: London CNN, Credit Suisse, UBS, Bloomberg, Getty, RBC Capital Markets, Citi, Reuters Locations: Swiss, Switzerland, Europe

☆ The electric car revolution is on track, says IEA
▼ + stars: | 2024-04-23 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“The continued momentum behind electric cars is clear in our data, although it is stronger in some markets than others,” IEA executive director Fatih Birol said in a statement. Last year, global EV sales grew 35% to almost 14 million. “Intensifying market competition and improving battery technologies are expected to reduce (EV) prices in the coming years,” the IEA said. “Growing electric car exports from Chinese automakers, which accounted for more than half of all electric car sales in 2023, could add to downward pressure on purchase prices,” it added. By 2030, almost one in three cars on the roads in China is set to be electric, according to the IEA.

Persons: —, Tesla, “, Fatih Birol, China’s BYD, Brandon Bell, EVs, ” Birol Organizations: London CNN — Global, International Energy Agency, IEA, Li, Getty, European Union, EV, Volkswagen, Audi, BMW Locations: China, Chinese, Germany, United States, Austin , Texas, EVs, Europe

The first draft of Kathleen Hanna’s memoir, “Rebel Girl: My Life as a Feminist Punk,” was 600 pages long. As she worked to cut the manuscript, Hanna found herself excising page after page of male violence. “It’s pretty sad, if you read the book, because there’s still a lot in there,” she told me. But when it came time to write her life story, she realized that she could not playfully twist away from her past. “I keep trying to make my rapes funny, but I have to stop doing that because they aren’t,” she writes in the book, which comes out on May 14.

Persons: Kathleen Hanna’s, ”, Hanna, there’s, “, Tigre, Julie Ruin

But many people don't realize just how much of their insurance coverage is tied to their employment. Disability, life, health, dental, vision — all can evaporate quickly after a pink slip. Life insuranceAnother common employer-provided insurance is group life insurance, which pays out a death benefit if you die while employed. Similar to disability insurance, though, this group life insurance is contingent on your working at that company. That's why I highly recommend considering an individual life insurance policy.

Persons: it's, They're, It's, you've Organizations: Business, Healthcare

☆ Taylor Swift fans lose at least $1 million to Eras Tour scams in the UK
▼ + stars: | 2024-04-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Thousands of Taylor Swift’s UK fans have been duped into buying fake tickets for her upcoming Eras Tour concerts, according to a major British bank. With all UK dates now sold out, desperate fans are more likely to turn to resale sites and social media for tickets. Lloyds said it expects to see “many more fans fall victim to ticket scams in the coming weeks and months,” leading up to the first concert in Edinburgh, Scotland. According to UK Finance, a financial services industry association, Brits lost more than £40 million ($50 million) to “purchase scams,” including sales of fraudulent tickets, in the first half of last year. In November, the bank warned customers over ticket scams relating to Glastonbury, the popular outdoor music festival held annually in England in the summer.

Persons: Taylor Swift’s, —, Swift, ”, you’re, Liz Ziegler, you’ve, nothing’s, they’ve, Kirsty Adams, Taylor Swift Organizations: London CNN, Lloyds Bank, “, Lloyds, Ticketmaster, UK Finance, HSBC, Europe’s, CNN, Barclays, Glastonbury, Olympics Locations: British, Singapore, United States, United Kingdom, Edinburgh, Scotland, Glastonbury, England

☆ Google fires 28 employees for protesting Israel cloud deal
▼ + stars: | 2024-04-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Google has fired more than two dozen employees who protested this week against the company’s cloud computing contract with the Israeli government. The workers were dismissed after an investigation found that they had staged protests inside Google’s offices in New York and Sunnyvale, California. In Sunnyvale, they entered the office of Google Cloud CEO Thomas Kurian, according to a post on X by the group that organized the demonstration, No Tech For Apartheid. Physically impeding other employees’ work and preventing them from accessing our facilities is a clear violation of our policies, and completely unacceptable behavior. After refusing multiple requests to leave the premises, law enforcement was engaged to remove them to ensure office safety,” the spokesperson added.

Persons: Thomas Kurian, ”, Olesya Dmitracova Organizations: London CNN, Google, Apartheid, CNN, Tech Locations: New York, Sunnyvale , California, Sunnyvale

☆ America’s debt problem could spell higher interest rates in the rest of the world
▼ + stars: | 2024-04-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

The IMF said Wednesday that increased government spending, growing public debt and elevated interest rates in the United States had contributed to high and volatile yields — or interest rates — on Treasuries, raising the risk of higher rates elsewhere. “Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar,” Vitor Gaspar, director of the IMF’s fiscal affairs department, told reporters. Higher interest rates make it more costly for households and businesses to service their loans, which can lead to defaults that cause losses at banks and other lenders, increasing financial instability. That means that even if the Fed cuts interest rates later this year — the IMF’s central scenario — US government funding costs may not fall by the same margin, he added. The IMF expects US public debt to continue rising, helping drive government debt worldwide to close to 100% of global gross domestic product by 2029, from 93% last year.

Persons: ” Vitor Gaspar, ”, Jerome Powell, ” Tobias Adrian, Gaspar, Pierre, Olivier Gourinchas, That’s Organizations: London CNN, International Monetary Fund, IMF, Federal Reserve, Treasury Department, Treasury, US, Federal Locations: United States, Washington

☆ US economy: IMF raises growth forecast and urges caution on rate cuts
▼ + stars: | 2024-04-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

The IMF upgraded Tuesday its forecast for US economic growth to 2.7% this year — 0.6 percentage points higher than it predicted as recently as January. The Washington-based IMF expects the 20 countries that use the euro to grow just 0.8% this year, a downgrade of 0.1 percentage points from its January forecast. The global economy, meanwhile, is seen expanding by 3.2%, 0.1 percentage points more than predicted in January. China’s economy, the second-largest in the world, is forecast to grow 4.6%, while India is expected to notch growth of 6.8%. In contrast to the United States, “there is little evidence of overheating” in the euro area, according to Gourinchas.

Persons: Pierre, Olivier Gourinchas, ”, Gourinchas, it’s, …, ” Gourinchas, “ Organizations: London CNN, International Monetary Fund, IMF, Federal Reserve, UBS, European Central Bank, Reuters Locations: United States, Washington, China’s, India, Europe, China

☆ Shoplifting's biggest enablers might be the retailers themselves
▼ + stars: | 2024-04-16 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +7 min

But Walmart, Target, and other chains's own policies and practices could be worsening the problem. From conflicting policies to understaffing, retailers can make it hard for workers to prevent theft. That's because major retailers, including Walmart, Target, and others, have policies that sometimes prevent their own staff from addressing shoplifting at their stores, current and former employees told Business Insider. Among the report's recommendations for retailers: Hire enough employees at stores, and make sure they aren't constantly overworked. Do you work at Walmart, Target, or another major retailer and have a story idea to share?

Persons: —, Rhea Gordon, Gordon, Lululemon, Calvin McDonald, Santino Burrola, Thea Sebastian, Hanna Love, Sebastian, Love, everything's Organizations: Walmart, Target, Service, Business, BI, CNBC, company's, Futures Institute, Brookings Locations: North Carolina, Colorado, California, Montana

☆ Shohei Ohtani’s former interpreter is in negotiations to plead guilty over theft and gambling, the NYT reports
▼ + stars: | 2024-04-10 | by ( Joe Sutton | Jason Hanna | ) edition.cnn.com time to read: +4 min

CNN —A former interpreter for Los Angeles Dodgers superstar Shohei Ohtani is in negotiations to plead guilty to federal crimes related to accusations he stole millions from Ohtani and used it for gambling, the New York Times reported Wednesday, citing three people familiar with the matter. Ippei Mizuhara was fired last month after Ohtani’s lawyers accused him of stealing from Ohtani and placing bets with a bookmaker who is under federal investigation. Ohtani later alleged Mizuhara stole the money from his bank account. “I’m very saddened and shocked that someone who I’ve trusted has done this,” Ohtani, Major League Baseball’s only two-way player, said. ESPN’s Tisha Thompson, citing multiple unnamed sources, said on CNN’s “The Lead” last month at least $4.5 million was withdrawn via wire transfer from Ohtani’s bank accounts, though it was unclear who initiated the transfers.

Persons: CNN —, Shohei Ohtani, Mizuhara, Ohtani, Michael Freedman, “, ” Ohtani, I’ve, ESPN’s Tisha Thompson, gambles, CNN’s Raja Razek, De la Fuente, Steve Almasy, Dalia Faheid, Elizabeth Wolfe Organizations: CNN, Los Angeles Dodgers, New York Times, Prosecutors, Dodgers, MLB, ESPN, Los Angeles Times, baseball’s, Dodger, League Baseball’s, Internal Revenue Service, Major League Baseball, American League Locations: Ohtani, South Korea, Seoul, Korea

☆ Europe launches subsidies probe into Chinese wind turbine suppliers
▼ + stars: | 2024-04-09 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The European Union has launched an investigation into China’s state support for its wind turbine companies, intensifying a push to protect Europe’s industry from a flood of cheap Chinese imports. Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind farms in Spain, Greece, France, Romania and Bulgaria. The country’s global trade surplus in goods has soared in recent years and is now approaching $1 trillion. Vestager’s announcement as part of a speech in Princeton, New Jersey, comes just days after the European Commission, the EU’s executive arm, opened a separate subsidies probe into Chinese companies bidding for a solar farm contract in Romania. In October, the European Commission launched an investigation into China’s subsidies for electric vehicle makers, which it suspects may be enabling these firms to keep prices super-low, creating unfair competition with European rivals.

Persons: Margrethe Vestager, ” Vestager, Vestager Organizations: London CNN, European Union, European Commission Locations: Spain, Greece, France, Romania, Bulgaria, China, Princeton , New Jersey, Europe, Beijing, United States

☆ Brazilian President Lula indirectly calls out Elon Musk on climate crisis, further fueling tensions
▼ + stars: | 2024-04-09 | by ( Heather Law | Julia Vargas Jones | ) edition.cnn.com time to read: +3 min

New York CNN —Brazilian President Luiz Inácio Lula da Silva indirectly called out Elon Musk on the climate crisis on Tuesday, further increasing tensions between the country’s leaders and the billionaire businessman. Lula published the same comments in a post on X, the social media platform that Musk owns, further adding, “He will have to learn to live here. Lula’s comments come as tensions between Musk and Brazil steadily escalate. Brazilian Supreme Court Judge Alexandre de Moraes also announced he would open an inquiry into Musk. We are prohibited from saying which court or judge issued the order, or on what grounds,” the team wrote.

Persons: Luiz Inácio Lula da Silva, Elon Musk, Lula, Jorge Messias, Alexandre de Moraes, de Moraes, @Alexandre de Moraes, Musk, Moraes, “ brazenly, ”, Javier Milei, Jair Bolsonaro, Manuel Adorni, CNN’s Hanna Ziady, Duarte Mendonca, Ramishah Maruf Organizations: New, New York CNN, Union, Municipalities, Brazilian, Brazil ” Locations: New York, Mars, Brazil, Brazilian, Argentine, Texas, Brasilia, United States

☆ Clash with Elon Musk prompts calls for social media controls in Brazil
▼ + stars: | 2024-04-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Supreme Court Justice Alexandre de Moraes announced Sunday that he would open an inquiry into the billionaire businessman who owns X. Musk suggested that Moraes was behind the ban, writing Sunday on X that the judge had “brazenly and repeatedly betrayed the constitution and people of Brazil. “As a result, we will probably lose all revenue in Brazil and have to shut down our office there. X has faced criticism for accommodating government censorship demands in the past, with Musk saying the company has no choice but to comply. For example, it blocked some X accounts in Turkey at the behest of the government ahead of the country’s elections last year, while at the same time contesting the orders in court.

Persons: London CNN —, Elon Musk, Jorge Messias, Alexandre de Moraes, ”, Orlando Silva, Suamy, Jair Bolsonaro, Musk, Moraes, “ brazenly, “, X Organizations: London CNN, Elon, Sunday, Brazil ” Locations: Brazilian, Brazil, Brasilia, United States, Turkey

☆ Investors say underperforming Alphabet is a buying opportunity as it rights its AI missteps
▼ + stars: | 2024-03-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Alphabet needs to correct its artificial intelligence flubs and prove its monetization potential if it hopes to renew investors confidence. GOOGL YTD mountain Alphabet shares this year "There's uncertainty around the moat," said Jamie Meyers, an analyst at Laffer Tengler Investments. "It's an opportunity that is meaningfully underestimated by investors given everything that's happened," said Deepwater Asset Management's Gene Munster. Using the pullback as an opportunity Many investors, however, are finding the positive in Alphabet's recent troubles for their portfolios, and using the recent stock performance as a buying opportunity. Laffer Tengler's Meyers also noted that Alphabet's advantage in personal data, strong user base and dominant market position could give them and edge in AI once they correct their mistakes.

Persons: giant's, Jamie Meyers, It's, They're, Alphabet's, Gene Munster, OpenAI, Dan Hanson, Neuberger Berman, They've, Michael Sansoterra, they're, Hanna Howard, Brad Gerstner, CNBC's, Laffer Tengler's Meyers, Deepwater's Munster Organizations: Microsoft, Meta, Nvidia, Investments, Google, Investors, Silvant Locations: Munster

☆ After the Moscow Attack, Putin’s Next Escalation Is Coming - The New York Times
▼ + stars: | 2024-03-29 | by ( Hanna Notte | ) www.nytimes.com time to read: +2 min

In the wake of the terrorist attack at Moscow’s Crocus City Hall last Friday, which killed at least 143 people, Russia is in mourning. Despite ISIS claiming responsibility for the attack, the Russian leadership has repeatedly blamed Ukraine and its Western backers. But even without the Crocus City Hall attack, Mr. Putin was primed to step up his assault on Ukraine. After his landslide victory in this month’s rubber-stamp presidential election, Mr. Putin is more secure than ever in his position and free to focus fully on the war effort. The timing is good, too: With Western military support for Kyiv mired in uncertainty, the next few months offer Moscow a window of opportunity for new offensives.

Persons: Vladimir Putin, “, ”, Dmitri Peskov, Putin Organizations: Moscow’s, ISIS Locations: Moscow’s Crocus, Russia, Ukraine, Kyiv, Crocus, Russian, Moscow

☆ A glut of cheap Chinese goods is flooding the world and stoking trade tensions
▼ + stars: | 2024-03-28 | by ( Hanna Ziady | Laura He | ) edition.cnn.com time to read: +8 min

The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.

Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, “, ”, Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels

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