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That changed on Thursday, when Mr. Brown appeared to address Mr. Gunter for the first time, at a private fund-raising event in Sparks, Nev., after Mr. Gunter accused him in ads and appearances of being disingenuous and not sufficiently pro-Trump. A group backing Mr. Brown’s campaign, the Duty First PAC, ran its first television ad this week since last year, a $322,000 reservation, according to the tracking firm AdImpact. Mr. Brown’s campaign declined to comment on Mr. Gunter. Mr. Trump made several posts seeming to express his approval for Mr. Brown on Truth Social, his social media platform, this month. Mr. Gunter said he was “running that place like clockwork,” and that the government report was “bogus.”
Persons: Nevada’s, Sam Brown, Jeff Gunter, Donald J, Trump, MAGA, Brown’s, Gunter, Brown, Mitch McConnell of, ” Mr, Jacky Rosen, Nev, Mr, Mike Berg, Gunter’s, Berg, Sam Brown’s, , Chuck Muth, Muth, he’s, California Democrat —, General Organizations: Republican, Senate, U.S . Army, National Republican Senatorial Committee, Trump, Democratic, The New York Times, Mr, , “ California Democrats, Tarrance, Truth, Brown, Texas State House, Nevada State Assembly, California Democrat, Democrat, CBS Locations: Iceland, Mitch McConnell of Kentucky, Afghanistan, Sparks, California, “ California, Las Vegas, Nevada, Dallas
In 1999, a Florida lawyer, Anuraag Singhal, represented a man convicted of gunning down a police officer. Singhal had to somehow persuade a jury that his client, Jeffrey Lee Weaver, should face life in prison rather than the electric chair, the punishment the hard-charging prosecutor sought. The article described tears rolling down his cheeks, and his voice breaking with emotion as he pleaded for Weaver’s life. A divided jury recommended life in prison. He would become active in conservative legal circles, joining the local chapter of the Federalist Society.
Persons: Anuraag, gunning, Singhal, Jeffrey Lee Weaver, Jeff Weaver, you’ll, ” Singhal, Donald Trump, Catherine Cortez Masto, Jacky Rosen, Joe Manchin Organizations: The Sun Sentinel, Federalist Society, Democratic Locations: Florida, Nevada, West Virginia
Some Nevada Republicans say the story demonstrates Brown’s deeper understanding of the complexities of reproductive healthcare in a state where voters guaranteed the right to abortion through a referendum. They also hope it illuminates a gray area that many Republican women feel extends beyond “yes” or “no” answers on abortion rights. She said Nevada Republicans have no desire to overturn the state’s existing protections, unlike in Republican-led states like Texas and South Carolina. She also hopes the Browns’ announcement helps move abortion access, largely a winning issue for Democrats, “off the table” in the Senate race. When left to the states, women in Texas facing the same circumstances today would not have the options his wife had in the state in 2008.
Persons: , Sam Brown's, , , Pauline Ng Lee, Brown, Amy, Roe, Wade, Sam Brown, Democratic Sen, Jacky Rosen, Adam Laxalt, “ Amy, ” Rebecca Gill, Brown's, ” Gill, ” Lindsey Harmon, Democrat Rosen, doesn't, Brett Kavanaugh’s, Amy Brown’s, Republican Assemblywoman Danielle Gallant, She’s, Gallant, Amy Brown, Rosen, Adriana Gomez Licon, ____ Stern, Stern Organizations: , Republican U.S, Republicans, GOP, Browns, U.S . Senate, Republican, Nevada Republican Club, Nevada Republicans, Senate, NBC News, Supreme, Democratic, Texas, Texas Legislature, NBC, Nevada, Associated Press, Army, University of Nevada, Parenthood, Democrat, America Statehouse News Initiative, America Locations: RENO, Nev, In Nevada, Nevada, Texas, South Carolina, Nevada's, In Texas, U.S, Afghanistan, San Antonio, Las Vegas, Parenthood Nevada, Carson City, Miami
A customer tries on the Apple Vision Pro headset during the product launch at an Apple Store in New York City on Feb. 2, 2024. The Vision Pro, the new virtual reality headset from Apple, can transport you to Hawaii or the surface of the moon. The Vision Pro provides a preview of what using a computer could be like in five years, early adopters say. The Vision Pro starts at $3,499. Each Vision Pro needs two of them, one for each eye.
Persons: It's, Omdia, Jacky Qiu, OTI, Qiu Organizations: Apple, Quest, Sony Semiconductor Locations: New York City, Hawaii
CNN —In the land of Hello Kitty, kawaii (“cute”) culture and the Neo-Pop art of 1990s Japan, Tetsuya Ishida was an outlier. An untitled 2004 acrylic and oil painting by late Japanese artist Tetsuya Ishida from the Gagosian retrospective "My Anxious Self." Ishida, who had gone to art school, worked part-time at a print shop and as a night security guard. Many of the 200 or so paintings Ishida completed in his lifetime portray the gloom of becoming a cog in the economic machine. Another painting entitled "Gripe," painted by Ishidia in 1996, portrays a Japanese salaryman with lobster claws for hands.
Persons: kawaii, Tetsuya Ishida, wasn’t, Japan’s “, Gripe, , Gulliver, Tetsuya Ishida's, Gagosian, ” Nick Simunovic, , ” Gagosian, Simunovic, Ishida, ” Simunovic, Gagosian Ishida, Jacky Ho, , Martin Wong, Ishidia, Cecilia Alemani, ” Ishida, Robert McKeever, Tamaki Saito, didn’t, Sharp, Japan's, claustrophobia, Takashi Murakami, Yoshimoto Nara, ” Alemani, Alemani Organizations: CNN, Asia, Art, San Francisco Asian Art Museum, Venice Biennale, Hong Kong, Christie’s Asia, Japan Inc, dehumanization, Gagosian's, Sony Locations: Japan, Japanese, Japan’s, Gagosian, New York, Venice, Sotheby’s, Christie’s, Tokyo, , York
After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States. Many investors have instead flocked to the exchange-traded funds that track foreign markets and that have been performing much better. But Chinese investors are experiencing something especially alarming: financial losses in the markets, declining home values and a government that doesn’t want any public discussion of what’s happening. With their frustrations piling up, Chinese investors recently found a way to vent that wouldn’t be quickly censored. The giraffe post has been liked nearly one million times since Feb. 2, much more than what the embassy’s Weibo posts usually get.
Persons: Jacky Organizations: Weibo, U.S, Embassy Locations: United States, China
On a Friday morning interview with Fox News, Trump criticized Federal Reserve Chair Jerome Powell's handling of the economy, particularly regarding interest rates. "I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected." While the committee's Summary of Economic Projections in December penciled in three interest rate cuts for this year, Powell said on Wednesday that it's highly unlikely those cuts will take place at the next meeting in March. The jobs data on Friday will support a decision to delay rate cuts until after March — the US economy beat expectations by adding 353,000 jobs. However, some Democratic lawmakers have been urging Powell to consider cutting interest rates sooner rather than later to give Americans financial relief.
Persons: Donald Trump's, Trump, Jerome Powell's, Powell, reappoint Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Fox News, Federal
Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.
Persons: Phil, Joe Biden’s, Biden, Donald Trump, , Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic
In a Sunday letter to Fed Chair Powell, shared first with CNN, Warren expressed alarm at how “astronomical” mortgage rates have made a bad situation worse and urged Fed officials to start cutting borrowing costs. “We urge you to consider the effects of your interest rate decisions on the housing market and to reverse the troubling rate hikes that have put affordable housing out of reach for too many,” Warren and fellow Democratic Sens. John Hickenlooper, Jacky Rosen and Sheldon Whitehouse wrote. “Come on, Fed! Turn it around and drop those interest rates,” Warren told CNN’s Kate Bolduan on Monday.
Persons: Sen, Sherrod Brown, Powell, ” Brown, Brown, Elizabeth Warren, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, , CNN’s Kate Bolduan, Read Organizations: Banking, Fed, CNN, Democratic
Read previewThe nation's central bank is gearing up to make its first big decision of 2024 — and while it likely won't be the interest rate cut many Americans are hoping for, it's set to bring them closer to that relief. The Fed hinted at how many interest rate cuts Americans can expect this year in its December Summary of Economic Projections. New labor market data out this Friday will show how employment looked at the start of 2024, and some labor market experts already think 2024 will see a cooler job market . That continuing strength in the labor market does represent a slowdown from the hot post-pandemic recovery in 2022. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the lawmakers wrote.
Persons: , it's, Jerome Powell, Powell, Nick Bunker, would've, Greg McBride, David Kelly, Kelly, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Business, Federal, Federal Reserve, Spelman College, Labor Statistics, Fed, North America, Morgan Asset Management, Democratic Locations: Sens
Sen. Elizabeth Warren joined some of her colleagues in pushing for the Federal Reserve to cut interest rates. AdvertisementAs Americans grapple with high housing costs, a group of Democratic lawmakers is urging the Federal Reserve to implement relief as soon as possible. While rent costs have decreased slightly over the past few months, "high interest rates mean higher mortgage rates for landlords, who may pass off these costs in the form of rent hikes for their tenants," the Democrats wrote. Powell has previously acknowledged the impact of interest rate increases on housing costs. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the Democrats wrote.
Persons: Sen, Elizabeth Warren, , — John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Jerome Powell, Powell, they'll Organizations: Federal Reserve, Service, Democratic, Harvard's, for Housing Studies Locations: York
New York CNN —America has a housing affordability crisis and Elizabeth Warren blames Jerome Powell and his colleagues at the Federal Reserve. To fight inflation, the Fed spiked interest rates at the fastest pace since the early 1980s. However, the Fed’s war on inflation set off shockwaves in the housing market. The one-two punch of elevated borrowing costs and record-high home prices has made the housing market historically unaffordable. “High interest rates have aggravated the country’s crisis of housing access and affordability,” the Senate Democrats wrote.
Persons: Elizabeth Warren, Jerome Powell, Powell, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Freddie Mac, , Tom Barkin didn’t, Organizations: New, New York CNN, Federal Reserve, CNN, Democratic, Democrats, Fed, National Association of Home Builders, Mortgage Bankers Association, National Association of Realtors, Richmond Fed Locations: New York, America, White
Reaction to Drone Strike on US Troops in Jordan
  + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +3 min
WASHINGTON (Reuters) - Three U.S. service members were killed and as many as 34 wounded, United States officials said on Sunday, after a drone attack in Jordan that they linked to Iranian-backed militants. REPUBLICAN FORMER PRESIDENT DONALD TRUMP"The drone attack on a U.S. Military Installation in Jordan, killing 3 American service members, and wounding many more, marks a horrible day for America ... This brazen attack on the United States is yet another horrific and tragic consequence of Joe Biden's weakness and surrender." MITCH MCCONNELL, US SENATE REPUBLICAN LEADER"Last night, the cost of failure to deter America's adversaries was again measured in American lives. CHUCK SCHUMER, US SENATE DEMOCRATIC LEADER"We mourn the deaths of the three service members killed by a drone attack in Jordan from an Iran-backed militant group.
Persons: JOE BIDEN, DONALD TRUMP, Joe Biden's, LLOYD AUSTIN, MICHAEL MCCAUL, MITCH MCCONNELL, CHUCK SCHUMER, HAKEEM JEFFRIES, Jordan, ISRAEL KATZ, ROGER WICKER, Biden, JACKY ROSEN, Susan Heavey, Kanishka Singh, Emily Rose, Hatem Maher, Heather Timmons, Matthew Lewis, Lisa Shumaker Organizations: WASHINGTON, United, DEMOCRATIC, REPUBLICAN, U.S, America, HOUSE, DEMOCRAT ON Locations: United States, Jordan, Iranian, Israel, Gaza, Iran, U.S, REPUBLICAN, Egypt, Hashemite Kingdom
The Ely Shoshone, Duckwater Shoshone, and the Confederated Tribes of the Goshute Reservation — a coalition representing about 1,500 enrolled tribal members — are lobbying the federal government to designate nearly 40 square miles (100 square kilometers) as Bahsahwahbee National Monument. He testified in a multi-decade legal battle alongside ranchers, local officials and environmental groups who all opposed the project by the Southern Nevada Water Authority. Protecting water for sacred trees is not something the agency had previously done, Sullivan said. Even if the land becomes a national monument, the water beneath Bahsahwahbee would remain under the state’s jurisdiction. The Southern Nevada Water Authority supports a monument designation that allows for the continuation of existing ranching and agricultural activities, said Bronson Mack, water authority spokesman.
Persons: ELY, — White, , Warren Graham, Mamie Swallow, Spilsbury, Charlene Pete’s, , ” Pete, Ely Shoshone, Alvin Marques, David Charlet, ” Charlet, Adam Sullivan, Sullivan, Neal Desai, Bahsahwahbee, Graham, Bronson Mack, Avi Kwa, Joe Biden, Catherine Cortez Masto, Jacky Rosen, Deb Haaland, Cortez Masto’s, Monte Sanford, Organizations: Rocky, Ely Shoshone, Southern Nevada Water Authority, College of Southern, Nevada Division of Water Resources, Southern, Southern Nevada Water, National Park Service, National Parks Conservation Association, National Register of Historic Places, Land Management, The Southern, The Southern Nevada Water Authority, Nevada Legislature, United, Associated Press, Walton Family Foundation, AP, Press, Lilly Endowment Inc Locations: Nev, Nevada, Ely, Duckwater Shoshone, , Bahsahwahbee, Vegas, College of Southern Nevada, Southern Nevada, The, The Southern Nevada, Arizona, U.S, United States
LAS VEGAS (AP) — A proposed high-speed passenger train between Las Vegas and Southern California got another boost on Tuesday with Biden administration approval to issue $2.5 billion in tax-exempt bonds for the $12 billion project. The announcement benefiting the Brightline West project followed a $3 billion U.S. Department of Transportation grant in December and government authorization in 2020 for the company to sell $1 billion in similar bonds. "We appreciate the confidence placed in us by DOT and are ready to get to work,” Brightline founder and Chairman Wes Edens said in a statement. The 218-mile (351-kilometer) Brightline West project aims to whisk passengers at 186 mph (300 kph) or more in electric trains on new tracks along the Interstate 15 corridor — cutting in half a four-hour freeway trip between Las Vegas and suburban San Bernardino County near Los Angeles. No date has been announced for work to start, but officials have said it might be operational by the Summer Olympics in Los Angeles in 2028.
Persons: Biden, , Wes Edens, Sen, Jacky Rosen Organizations: LAS VEGAS, . Department of Transportation, Brightline Holdings, Los Angeles . Planners, Nevada -, Nevada U.S, Democrat, Summer Locations: Las Vegas, Southern California, Florida, U.S, Miami, Orlando, San Bernardino County, Los Angeles, Nevada, Nevada - California, Congress
Sam Brown, whose backing in Washington, D.C., and formidable 2022 campaign have made him a fundraising juggernaut above the crowded primary field. “Don’t vote for Sam Brown. “Nevada Republicans are uniting behind Donald Trump and Sam Brown because they are the only conservative champions who can defeat Biden and Rosen in November.”Former U.S. The last GOP primary debate between Florida Gov. Two years ago, Brown was a longshot Senate candidate who criticized Republican front-runner Adam Laxalt for agreeing only to a pre-recorded debate instead of a live, prime-time broadcast.
Persons: Sam Brown, Brown, , , Bill Conrad, Brown’s, Donald Trump, Jacky Rosen, Biden, Rosen, Iceland Jeff Gunter, ” Gunter, Jim Marchant, Tony Grady, Stephanie Phillips, Ronda Kennedy, Ron DeSantis, Nikki Haley, Adam Laxalt, ” Brown, Mitch McConnell, Laxalt, Catherine Cortez Masto, Democratic Sen, ” Kennedy, ___ Stern, Stern Organizations: — Seven, Republican U.S, Washington , D.C, Army, , “ Nevada Republicans, ” Former U.S, Air Force, Florida Gov, Republicans, Republican, GOP, Democratic, Associated Press, America Statehouse News Initiative, America Locations: RENO, Nev, Nevada, Reno, Washington ,, U.S, Modesto , California, “ Nevada, ” Former, Iceland, Washington
The Rise of Temu’s Chinese Parent Will Reshape E-Commerce
  + stars: | 2023-12-05 | by ( Jacky Wong | ) www.wsj.com   time to read: 1 min
Temu has 52 million monthly active users in the U.S., just a year after its launch. There’s a new online-shopping champion in China: PDD , the company behind discount-retailing app Temu, is now the country’s most valuable e-commerce company. After a 78% rise this year, PDD’s market value has hit $193 billion, snatching the crown from Alibaba. Though PDD’s revenue last quarter was still less than a third of Alibaba’s, it’s growing much faster. Revenue for the three months ended in September surged 94% from a year earlier—Alibaba’s only grew 9%.
Persons: Temu, Nikos Pekiaridis Organizations: Revenue, Alibaba, P Global Market Intelligence Locations: U.S, There’s, China, Alibaba
LAS VEGAS (AP) — A planned high-speed rail line between Las Vegas and the Los Angeles area got a Biden administration pledge on Tuesday of $3 billion to help start laying track, Nevada elected officials said. But Rosen said electric-powered trains could be carrying passengers by the time Los Angeles hosts the Summer Olympics in 2028. “Connecting Las Vegas and Southern California by high-speed rail will create tens of thousands of good-paying union jobs, boost our Southern Nevada tourism economy, and finally help us cut down on I-15 traffic," Cortez Masto said Tuesday in a statement. Calls for a high-speed rail line whisking tourists through the Mojave Desert to Las Vegas date at least to 2001, said U.S. Rep. Dina Titus, a Democrat who represents the Las Vegas Strip. Other places where high-speed trains have been proposed include the 240 miles (386 kilometers) in Texas between Dallas and Houston, and a 500-mile (805-kilometer) system linking Los Angeles and San Francisco that has faced swelling costs, funding questions and other delays.
Persons: Sen, Jacky Rosen, Rosen, , ” Wes Edens, Joe Biden, Catherine Cortez Masto, Biden, Cortez Masto, Dina Titus Organizations: LAS VEGAS, Brightline, Angeles, Nevada -, U.S, Rep, Democrat, Las, Brightline Holdings Locations: Las Vegas, Los Angeles, Nevada, U.S, Florida, California, Victorville , California, San Bernardino County, Rancho Cucamonga, Nevada - California, Southern California, Southern Nevada, Florida's, Miami, Orlando, Texas, Dallas, Houston, San Francisco
LAS VEGAS (AP) — A federal grand jury has indicted a Las Vegas man arrested last month on suspicion of making antisemitic threats against U.S. Senator Jacky Rosen and her family, along with the family of another U.S. senator, according to court records. Rosen, a Democrat from Nevada, is Jewish and has maintained a vocal pro-Israel stance, including support for U.S. aid to Israel. Miller is also accused of threatening the family of another unnamed U.S. senator, according to court records. “Senator Rosen trusts the U.S. Attorney’s office and federal law enforcement to handle this matter.”Miller's trial is scheduled for January, and he is currently in custody.
Persons: Jacky Rosen, Rosen, John Miller, Miller, Biden, Organizations: LAS VEGAS, , U.S, Democrat, Associated Press, Defamation Locations: Las Vegas, Nevada, Israel
Shein Still Needs to Prove It’s a Bargain
  + stars: | 2023-11-28 | by ( Jacky Wong | ) www.wsj.com   time to read: 1 min
A wide range of apparel at affordable prices has made Shein a sensation. Photo: Adrienne Grunwald for The Wall Street JournalBuilt-in-China online fashion company Shein has swept the world with its fast-to-market, hip designs. It now needs to show investors that its breakneck growth can convert into bigger profit, too. The company is probably looking for a valuation higher than the $66 billion implied by a fundraising round in May. That would put Shein’s market value comfortably above H&M ’s $27 billion but below Zara’s parent Inditex ’s $127 billion.
Persons: Adrienne Grunwald, Shein Organizations: Wall Locations: China, Singapore, U.S
Will Livestreaming Be TikTok’s Amazon-Killer?
  + stars: | 2023-11-27 | by ( Jacky Wong | ) www.wsj.com   time to read: 1 min
TikTok is already a channel where hundreds of millions of young users discover new products. Photo: dado ruvic/ReutersTikTok is trying to tap in to shoppers in the U.S. So-called social shopping is already a huge phenomenon in Asia. Success isn’t guaranteed—and politics could intervene. But given how effectively TikTok has already disrupted the social-media landscape, U.S. e-commerce giants like Amazon should be watching their back.
Persons: TikTok, dado ruvic, Reuters TikTok, isn’t Organizations: Reuters Locations: U.S, Asia
RENO, Nev. (AP) — A judge has struck down an effort to enshrine reproductive rights, including abortion, in Nevada’s constitution, as abortion rights advocates in the western swing state attempt to follow other states in putting the question before voters in 2024. If allowed to proceed, Nevadans for Reproductive Rights would need just over 100,000 signatures to get the issue on the ballot. Abortion rights up to 24 weeks are already codified into Nevada law through a 1990 referendum vote, where two-thirds of voters were in favor. In Nevada, reproductive rights were central to Democratic campaigns in the 2022 midterms. Lawmakers in Nevada’s Democratic-controlled legislature are attempting to get reproductive rights including abortion access in front of voters on the 2026 ballot.
Persons: , James T, Russell, ” Russell, “ I’ve, Charles Russell, Kenny Guinn, Donald Trump’s, Joe Biden’s, Bradley Schrager, Lindsay Harmon, ” Jason Guinasso, Roe, Wade, Democratic U.S . Sen, Jacky Rosen, ____ Stern, Stern Organizations: Reno, Republican Gov, Reproductive Rights, Nevada, Coalition, Parents, Reproductive, Nevada Supreme, PAC, Supreme, Democratic, Democratic U.S ., Lawmakers, Nevada’s Democratic, Assembly, Associated Press, America Statehouse News Initiative, America Locations: RENO, Nev, Nevada’s, Carson City, Nevada, U.S, Ohio, New York, Maryland, Missouri, Arizona
Warren Buffett Is Going Big, Not Home, in Japan
  + stars: | 2023-11-21 | by ( Jacky Wong | ) www.wsj.com   time to read: 1 min
Warren Buffett’s Berkshire Hathaway has been tapping the Japanese market quite frequently. Photo: Scott Morgan/ReutersJapanese stocks are hovering around 33-year highs. Foreign inflows lured by better earnings and corporate governance reform have been a key driver. Breadcrumbs dropped by the oracle of Omaha are another. Warren Buffett , whose Berkshire Hathaway moved aggressively into Japanese shares in recent years, may be about to push further into the market.
Persons: Warren, Berkshire Hathaway, Scott Morgan, Breadcrumbs, Warren Buffett Organizations: Reuters Locations: Omaha, Berkshire
Jacky WongJacky Wong is a Heard on the Street columnist covering business and markets in Asia. Previously, he was a Market Talk Reporter for the Journal in Hong Kong. He started his career as a trader in BNP Paribas.
Persons: Jacky Wong Jacky Wong Organizations: BNP Locations: Asia, Hong Kong
Apple Had Better Watch Its Back in China
  + stars: | 2023-11-20 | by ( Jacky Wong | ) www.wsj.com   time to read: 1 min
Xiaomi is making a renewed push in the premium segment. Photo: Cfoto/Zuma PressSignals are finally getting stronger for the global smartphone market. Chinese handset makers like Huawei, which had been locked out of the race by U.S. sanctions, are dialing back in. That adds up to a tricky outlook for Apple in China, its second-largest revenue region after North America. Huawei’s Chinese rival Xiaomi , which reported third-quarter results Monday, is also making a renewed push in the premium segment— Apple ’s bread and butter.
Organizations: Zuma Press Signals, Huawei, Apple Locations: China, North America
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