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☆ Ukraine's Donetsk Region Pounded by up to 2,500 Russian Strikes Daily Governor
▼ + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Max HunderDONETSK REGION, Ukraine (Reuters) - Russia is firing between 1,500 and 2,500 shells and rockets at Ukraine's war-ravaged Donetsk region every day and is targeting critical infrastructure to make it harder for people to remain there in winter, its governor told Reuters. "The enemy shells (the region) from 1,500 to 2,500 times a day," Governor Vadym Filashkin said in an interview on Friday, adding he believed Moscow was still aiming to capture the entire region. The Latest Photos From Ukraine View All 91 Images"The enemy's shelling is this dense, this heavy, almost every day." The governor said the Kurakhove power plant, one of the region's few remaining large-scale sources of electricity generation, had been forced to close a week ago due to Russian shelling. "As soon as we began to bring in cranes and excavators to help people, the enemy began shelling."

Persons: Max Hunder, Vadym Filashkin, Filashkin, Tom Balmforth Organizations: Reuters, Local Locations: Max Hunder DONETSK, Ukraine, Russia, Donetsk, Russian, Moscow, Avdiivka, Europe, Niu, York, Volnovakha

☆ The shortened trading week features earnings from our best stock of the year
▼ + stars: | 2023-11-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

After making three trades this week, we're heading into a shortened trading week. NVDA YTD mountain Nvidia YTD Shares of Nvidia closed Nov. 14 at a record high of $496.56 each. Here's the full rundown of all the important domestic data in the week ahead, which also features a slew of earnings from brand-name retailers. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: FactSet, It's, Jim Cramer, NIU, Jack, JACK, Jim Cramer's, Jim, New York Stock Exchange Michael Nagle Organizations: Fed, TJX, Palo Alto Networks, PMI, ISM, Institute for Supply Management, Nvidia, Apple, Technologies, Video Communications, Agilent Technologies, Baidu, Abercrombie, Fitch, Burlington Stores, Eagle Outfitters, Dick's Sporting, Autodesk, HP, Nordstrom, Urban Outfitters, Deere & Company, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: U.S, China

☆ China unveils measures to revive stock market
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

The China Securities Regulatory Commission (CSRC) proposed steps including cutting trading costs, supporting share buybacks and encouraging long-term investment to support a stock market (.CSI300) that has slid to nine-month lows. China's leaders vowed in late July to reinvigorate the stock market, which has been reeling as the country's economic recovery flags and woes in the property market deepen. The CSRC said on Friday that stablizing the stock market was a priority. "Without a relatively stable market environment, there's no basis for reviving the market and lifting sentiment," the regulator said. "The key to lifting market sentiment is to rescue the economy, and the property market is the crux," Niu said.

Persons: Aly, CSRC, Niu Chunbao, Niu, Pang Xichun, Jason Xue, Samuel Shen, Tom Westbrook, Toby Chopra, Jan Harvey Organizations: REUTERS, Rights, China Securities Regulatory Commission, Ministry of Finance, Wanji Asset Management, Nanjing RiskHunt Investment Management, Thomson Locations: Shanghai, China, Nanjing, Singapore

☆ China’s sitting on a goldmine of genetic data – and it doesn’t want to share
▼ + stars: | 2023-08-11 | by ( Jessie Yeung | ) edition.cnn.com time to read: +14 min

The national survey and restrictions on foreign access are part of new regulations on China’s genetic resources, which came into effect in July. The national genetic surveyBiobanking in China – meaning the collection of biological samples – is still “very fragmented,” and in an “embryonic stage,” said Zhang. But these concerns aren’t new – and the national genetic survey seems to be geared more toward scientific research than other purposes, several experts agreed. But China has another motive, too: establishing what some experts call “genomic sovereignty,” meaning full control of the genetic material within their country. While many other countries also have laws regulating the use and transfer of their population’s genetic material, few are as strict as China’s.

Persons: Guang Niu, ”, Joy Y, Zhang, you’re, Wei Liang, ICHPL, Anna Puglisi, Puglisi, States –, Katherine Wang, ” –, Wang, “, Sun, Xi Jinping, Jiankui, Anthony Wallace, ” Zhang Organizations: Hong Kong CNN, Central South University, Centre for Global Science, biosciences, Shanxi Province Reproductive Science, Communist Party, Georgetown’s Center for Security, Emerging Technology, Gray, Group, CNN, Ministry of Science, Technology, National Health Service, National Institutes of Health, NIH Locations: Hong Kong, China, Changsha, Shanxi Province, Taiyuan, States, “, Wuhan, Xinijang, Xinjiang, Beijing, AFP, Harvard

☆ Wells Fargo is pushing for quantity over quality in its private bank
▼ + stars: | 2023-05-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Which brings us to a fantastic story about Wells Fargo's decision to reorganize how it serves its ultra-rich clients. And while many understood some changes were necessary, nearly everyone agreed the bank didn't go about it the right way. Read more about Wells Fargo's chaotic reorganization of its private bank. It's the latest move in what has been an active 12 months for the bank's tech division. The accounting firm had signed off on financial statements from Silicon Valley Bank, Signature Bank, and First Republic, the Financial Times reports.

☆ How Russia’s Offensive Ran Aground
▼ + stars: | 2023-04-06 | by ( Josh Holder | Marco Hernandez | ) www.nytimes.com time to read: +15 min

But within months of the invasion, Russia’s rapid advances ran out of steam, even as it narrowed its ambitions and focused on eastern Ukraine. No Russian gains No Russian gains No Russian gainsIn September 2022 Grid of cities taken by Russia in the Donbas in September 2022. No Russian gains No Russian gains No Russian gainsIn October 2022 Grid of cities taken by Russia in the Donbas in October 2022. Russia captured the small salt-mining town. Kurdiumivka Soledar Kurdiumivka Soledar Russia captured the small salt-mining town.

SHANGHAI/SINGAPORE, March 29 (Reuters) - Investors are piling into China's tech, media and telecom shares, with speculative bets on chatbot development crowding out other sectors in a scenario that offers a stark contrast with global caution. On some days, including several last week, turnover in tech, media and telecom (TMT) stocks made up more than 40% of total market trade, according to China Merchants Securities' research, for a record concentration of trading volume. "In the stockmarket, AI will be an epic opportunity," said Niu Chunbao, a fund manager at Wanji Asset Management who worried he was missing the rally and bought AI stocks in recent weeks, after cutting exposure to new energy in February. An eye-catching tripling in the share price of chipmaker Cambricon Technology Corp (688256.SS) has driven its market value above $10 billion, despite the company reporting losses since 2017. ($1=6.8891 Chinese yuan renminbi)Reporting by Jason Xue in Shanghai and Tom Westbrook in Singapore; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ These are our two preferred scenarios for the Fed's big March meeting next week
▼ + stars: | 2023-03-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Two things will capture all the market's attention in the coming week: The Federal Reserve's March meeting and the government's ongoing attempt to quell worries about the banking system. If it raises, Powell should speak softly; no raise and Powell should strongly remind the market that the work isn't done. Still, for the week, U.S. stocks fared better, with the S & P 500 rising 1.5% and the Nasdaq gaining 4.5%. On Thursday, initial jobless claims for the week ended March 11 came in at 192,000, a decrease of 20,000 from the prior week and below the expected 205,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Retail investor risk appetite improves with AI stocks leading
▼ + stars: | 2023-02-14 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Retail investors had a poor year in 2022, with the average portfolio ending the year down around 35% from all-time highs, Vanda Research previously estimated. However, retail investors have shown renewed interest in the early part of 2023. Meanwhile, shares of early meme stocks GameStop (GME.N) and AMC Entertainment (AMC.N) have pared some losses after last year's tumble. "Investor enthusiasm is also attracting short-sellers that are skeptical about some of the resulting valuations," said Evan Niu, an analyst at Ortex, which tracks real-time short interest data. AI software firm Veritone (VERI.O), SoundHound and BigBear.ai also show a pick up in short interest, Ortex data showed.

☆ Tesla short sellers pile on pressure after most profitable trade in 2022
▼ + stars: | 2023-01-06 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 6 (Reuters) - Fresh off their most profitable year ever, short sellers targeting Tesla Inc's (TSLA.O) stock are heaping more pressure on the electric vehicle maker led by Elon Musk. Tesla short interest stands at $8.76 billion, or nearly 3% of the share float, down from $14 billion a month ago, a decline reflecting the steep drop in Tesla's stock price. "As the stock price hits a floor or expected value for short sellers, they will start trading positions to realize their profits. In 2022, Tesla was the most profitable short trade in the U.S. market, earning $15.85 billion in paper profits for investors, according to S3 data. That was the best year ever for Tesla short sellers, but they have recouped only about a quarter of the $60 billion in estimated losses from 2010 to 2021.

☆ 71 years after starting college, this 90-year-old woman is graduating
▼ + stars: | 2022-12-11 | by ( Sara Smart | ) edition.cnn.com time to read: +4 min

CNN —A 90-year-old woman will finally walk across the stage and receive her diploma, 71 years after she first enrolled in college. Joyce DeFauw, then Joyce Viola Kane, started her freshman year at Northern Illinois University in 1951 with a plan to graduate with a degree in home economics. “I went to school for three and a half years, but decided to leave after I met him.” DeFauw said. Joyce DeFauw's student ID from 1951 with Northern Illinois University. When the Covid-19 pandemic began in 2020, she was thankful for the computer, Dooley said.

☆ The week in review, the week ahead — Nov. 18, 2022
▼ + stars: | 2022-11-18 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

It certainly gave the market some pause in the back half of the week. Looking ahead, we remind members that markets will be closed on Thursday for Thanksgiving, and will close early at 1:00 p.m. Also Thursday, initial jobless claims for the week ending Nov. 12 came in at 222,000, a decrease of 4,000 from the prior week and below expectations of 228,000. Below are some other earnings reports and economic numbers to watch in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Behind the vocal Asian American minority railing against affirmative action
▼ + stars: | 2022-11-01 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +9 min

As the Supreme Court weighs two high-profile cases challenging affirmative action, a vocal minority of Asian Americans continues to impact public debate. Among Chinese Americans, support for affirmative action is at 59%, the lowest within the Asian American community. This also means that they themselves haven’t experienced the benefits of affirmative action or education equity policies, Niu said. Top American universities, however, use a “holistic” admissions process in which affirmative action policies allow them to take race into account. Asian Americans do face discrimination in our society, in our education systems, but they’re not the result of race-conscious policies like affirmative action,” Chen said.

☆ As Xi opens congress, China's state hands keep markets steady
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +4 min

SHANGHAI, Oct 17 (Reuters) - As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country's vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets. Scores of companies have announced share buybacks or executive share purchase plans since Friday, when regulators unveiled plans to ease share buyback rules. Investors and analysts believe government pressure on China's largely state-controlled fund sector may have played a role in the stock market rebound. Xia Chun, chief economist at wealth manager Yintech Investment Holdings, said this follows a pattern of China stocks typically rising before a party congress and then likely falling afterwards. On Monday, several state-controlled asset managers including E Fund Management Co, China Southern Asset Management Co and Zhongtai Securities Asset Management said they were investing their own money to buy products, echoing an identical refrain of confidence in China's capital markets.

☆ Best Chinese food: 32 must-try dishes
▼ + stars: | 2022-10-13 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

Dan dan noodlesIt’s nearly impossible to dislike China’s soul-comforting dan dan mian, or dan dan noodles. Dan dan noodles are named after the way they were originally sold more than 100 years ago – on a dan dan, a carrying pole, by street hawkers. Some think dan dan noodles should contain a dry mix of noodles, made with minced meat, chopped scallions, spices, crushed peanuts and various sauces. Others disagree, preferring dan dan noodles in a hot, spicy, salty and nutty broth albeit with similar ingredients. Similar to Hainanese chicken rice, the Wenchang version is often served with yellow chicken fat rice and chicken soup.

Persons: –, It’s, Dan, mian, jiao, you’ve, Ding Baozeng, Ding Gongbao, Ding, Hanyuan, cai, hei, Jian bing, jian bing, bing guozi, Chen, chow, Su Dongpo, China’s, zhu, Shui zhu, zhu niu, Bao Bao, bao, jian bao, Rou jia, xin, cheung, yun cheung, Laap cheung, Yun cheung, Congee, Chaozhou Organizations: CNN, Adobe, Adobe Stock Locations: China, Peking, Nanjing, Beijing, Govan, –, Sichuan, Hunan, Shandong province, Fujian, Hainan, Malaysia, Pidu, It’s, Tianjin, Chen, Shunde district, Shaanxi, Fuding county, Ningbo

☆ Here's how much money I made at every point in my career at Netflix, IBM, and Grubhub
▼ + stars: | 2022-06-01 | by ( Jenna Gyimesi | ) www.businessinsider.com time to read: +8 min

Frank Niu is a former software engineer who gives finance, investing, and career advice on TikTok and his podcast. This is his story as-told-to reporter Jenna GyimesiI spent around ten years working in the tech industry as a software engineer at companies like Netflix, Grubhub, and Credit Karma. How much money I made working in tech:IBM, Software Engineer, $74,000 salary, $5,000 signing bonus: I started my career at IBM in 2014, right out of University. Credit Karma, Senior Software Engineer, $138,000 salary, $100,000 stock package: I accepted a job at Credit Karma in 2016. You can get a tech job if you prepare and have the right skillset.

☆ A CEO's guide to crafting a message that reassures and inspires staff during a crisis
▼ + stars: | 2021-02-09 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

This article is part of a series called "IQ to EQ," which explores the management styles of inspiring business leaders. The CEO's role here is to be as transparent as possible, and to remind employees that their contributions are valued — in general, but especially right now. Insider asked a communications consultancy and a Harvard Business School professor how CEOs should craft a message to employees that both inspires and assuages fear. Remind employees why they come to work every dayPurpose is a powerful way to motivate employees — especially during periods of uncertainty. "People don't come to work just because they earn a wage," said Sunil Gupta, a professor of business administration at Harvard Business School.

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