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☆ As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
▼ + stars: | 2024-05-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Pedro Pardo | Afp | Getty ImagesRussia's close relationship with superpower China is under close scrutiny as Russian President Vladimir Putin meets his Chinese counterpart Xi Jinping on Thursday. "Neither Putin nor Xi can achieve what they want to achieve, both domestically and internationally, without the support of the other. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping during a welcome ceremony at the third Belt and Road Forum in Beijing on Oct. 17, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia-China talks in Moscow, Russia, on March 21, 2023.

Persons: Xi Jinping, Vladimir Putin, Pedro Pardo, Putin, Sam Greene, they've, " Greene, Xi, It's, Pavel Byrkin, it's, —, Natasha Kuhrt, Russia's, Kuhrt, Sergei Savostyanov, Greene, Liu Pengyu, Mikhail Tereshchenko Organizations: Forum, International Cooperation, of, People, Afp, Getty, Xinhua, Democratic, Center for, CNBC, Analysts, Kremlin, Putin, King's College London, Russia, U.S, Reuters, Sputnik Locations: Beijing, China, Ukraine, Russia, Moscow, Central Asia, Russian, U.S, Washington

☆ U.S. questions China's no-first-use nuclear call given buildup
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +3 min

Referring also to Russia, Jenkins said China's nuclear buildup "raises the specter that United States may soon face two expansionary and significantly nuclear-armed peers." "Beijing's development of a larger, more diverse nuclear arsenal is deeply concerning, and raises questions about the trajectory of the PRC nuclear weapons program," she said. Jenkins was asked about China's call in February for states with the largest nuclear arsenals to negotiate a treaty on no-first-use of nuclear weapons against each other or to make a political statement in this regard. She said it was the first time the U.S. had heard such a proposal from China, underscoring the need for nuclear talks. "Our questions are, quite frankly, how does an idea for no-first-use really fit within their ongoing process of building up nuclear weapons?

Persons: Bonnie Jenkins, Jenkins, specter, hadn't Organizations: Senate Foreign Relations Locations: China, Washington, U.S, People's Republic of China, Russia, States

☆ CNBC Daily Open: Wall Street hits record, 'Thee rate cuts'
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

The Charging Bull is seen on an empty Wall Street on April 20, 2020 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. All three major indexes closed at record highs. Asia up, Japan's GDP shrinksAsia-Pacific markets rose on Thursday after Wall Street hit record highs.

Persons: Buffett, Chubb, Warren, Berkshire Hathaway, Seng, Biden, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, GameStop, AMC, Berkshire, Wall, Nikkei, U.S Locations: New York City, Zurich, Asia, Pacific, China

☆ The US Secretary of State gave a war-time rock performance at a bar in Kyiv, leaving some Ukrainians scratching their heads
▼ + stars: | 2024-05-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

Slinging a crimson electric guitar onto his shoulder, Blinken told the crowd he knew they were facing a "really, really difficult time." So much of the world is with you and they're fighting not just for a free Ukraine, but for the free world. "For ten years, we've been explaining to the free world that we are defending it too," he wrote. Residents self-evacuate from a multi-story residential building hit by a Russian UMPB D-30 glide bomb on May 14, 2024 in Kharkiv, Ukraine. The lyrics of "Rockin' in the Free World" are often seen as a criticism of American patriotism and George H.W.

Persons: —, Antony Blinken, Neil Young's, Blinken, Ukraine, Antony, Muddy Waters, Bohdan Yaremenko, Trump, he's, we've, Oleg Simoroz, Valeriy, it's, Matviyenko, Yevhen, Oleksandr Syrskyi, Illia Ponomarenko, George H.W, Bush, Donald Trump, Sen, Bernie Sanders, Biden Organizations: Service, Business, U.S, US State Department, Blinken, Music Diplomacy Initiative, Facebook, AFP, Ukrainian NGO Agency, Getty Images, Ukrainian, Ukrainian Armed Forces, Kyiv, Guardian, Los Angeles Times, Soviet Union, State Department Locations: Kyiv, Ukraine, Russian, Kharkiv, United States, Muddy, Ukrainian, Russia, KABs, Sumy, Getty Images Russia, Polina, Soviet

A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street. RBC assumed coverage of Jack in the Box with an outperform rating and a price target that implies more than 40% upside. Ransom's $10 price target implies about 37.6% potential upside for the stock, which has gained 8.5% this year. Mailk said he likes the buy-rated stock on "secular AI growth opportunities" and maintained his $1,030 price target. New Street Research maintained its buy rating and $1,100 price target ahead of the quarterly print.

Persons: Jack, Piper Sandler, GoodRx, Raymond James Raymond James, John Ransom, — Pia Singh, Tesla, Dell, Amit Daryanani, Daryanani, Wolfe, Chris Caso, Caso, INTC, Coupang, Jennifer Han, Han, that's, Nvidia's, Piper Sandler's Harsh Kumar, Kumar, Blackwell, Atif Malik, Mailk, Pierre Ferragu, Logan Reich, JACK YTD, Fred Imbert Organizations: CNBC, Nvidia, Wall, RBC, Citi, New, Research, Kroger, pharma, Dell, DELL, Wolfe Research, Intel, UBS, Blackwell, RBC Capital Markets Locations: Korea

☆ Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
▼ + stars: | 2024-05-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Microsoft has reportedly asked China-based cloud computing and artificial intelligence operations employees to consider relocating out of the country, as Washington cracks down on Beijing's access to the advanced technology. One source told WSJ that Microsoft had made the offer to about 700 to 800 people in total who were involved in machine learning and other work related to cloud computing. In a statement shared with CNBC, a Microsoft spokesperson confirmed that the company had "shared an optional internal transfer opportunity with a subset of employees" without supplying details on the number and affiliation of staff affected. Microsoft employs roughly 7,000 engineers for its Asia-Pacific research-and-development group, with most of this workforce based in China, the WSJ reports. The move comes amid U.S. efforts to prevent China from developing cutting-edge AI technology, which could be used for military purposes.

Organizations: Microsoft, Street Journal, CNBC Locations: China, Washington, U.S, Ireland, Australia, New Zealand, Asia, Pacific

☆ Neither Russia nor China wants the Ukraine war to end, but for different reasons
▼ + stars: | 2024-05-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewRussian President Vladimir Putin is on a two-day visit to China, and he's bringing along a large trade delegation. But Russia has also become increasingly reliant on China since it started the war in Ukraine. For instance, Russia is now "exporting raw materials to China while China sends finished goods, especially cars, to Russia — the latter at the expense of Russia's indigenous auto industry," she added. However, some analysts say China has more to gain from a continuing war. China and Russia are forging a partnership increasingly reminiscent of a great power alliance," wrote Michta.

Persons: —, Vladimir Putin, It's, Putin, Xi —, Michta, Russia —, Europe —, China's Organizations: Service, Business, Center for, Bilateral, West, Center, Global Energy, Columbia University, Kyiv —, US Army Locations: China, Russia, Ukraine, Moscow, Siberia, Europe, Beijing

☆ Samsung just released a 43-second response to the 'crush' ad Apple was lambasted for last week
▼ + stars: | 2024-05-16 | by ( Sarah Gray | ) www.businessinsider.com time to read: +1 min

Samsung released a 43-second response to Apple's lambasted "crush" advertisement. Apple's advertisement for its new iPad Pro received swift backlash last week. Samsung's ad seems to pick up where Apple's left off amid crushed creative tools and a hydraulic press. That's Samsung's message in a new spot that trolls Apple's iPad Pro "crush" ad, which caused an internet meltdown last week. In Apple's ad, creative tools — paint, instruments, etc.

Persons: Apple's, —, Katie Notopoulos Organizations: Samsung, Pro, Service, Business

☆ China’s international students under pressure as economic uncertainty looms
▼ + stars: | 2024-05-15 | by ( Ulrica Lin | ) www.cnbc.com time to read: +2 min

As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of their families, many go online to express their grief and seek advice on how to cope with the situation. The 24-year-old Chinese student is currently studying design in an undergraduate program at a university in Alabama. Her parents have so far spent 1.5 million Chinese yuan, or about $211,500, to fund her overseas studies and living expenses. But in October last year, her parents told her they were facing cash flow problems and could no longer offer her financial support. "I didn't have time to feel sad because I needed to make money to pay for my tuition fees and rent as soon as possible," Zhang told CNBC in Mandarin.

Persons: Xiao Zhang, Zhang Organizations: New Oriental Education, CNBC Locations: Alabama, U.S

☆ Singapore’s Lawrence Wong sworn in as new prime minister — the first leadership change in 20 years
▼ + stars: | 2024-05-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Lawrence Wong was sworn in on May 15 as Singapore's new prime minister, after Lee Hsien Loong stepped down following two decades in office. Edgar Su | Afp | Getty ImagesSINGAPORE — Singapore's Lawrence Wong was inaugurated as the city-state's fourth prime minister on Wednesday, taking over from former prime minister Lee Hsien Loong, who has led Singapore for 20 years. Trade and industry minister Gan Kim Yong will be promoted to deputy prime minister and work alongside current DPM Heng Swee Keat. Lee, the eldest son of Singapore's founding Prime Minister Lee Kuan Yew, announced last month he will hand over power to the new prime minister in mid-May. Wong also served as principal private secretary to then prime minister Lee Hsien Loong from 2005 to 2008.

Persons: Lawrence Wong, Lee Hsien Loong, Edgar Su, Singapore's Lawrence Wong, Lee, Gan Kim Yong, Heng, Kim Yong, Swee Keat, Wong, Gan, Ong Ye Kung, helming, Singapore's, Lee Kuan Yew Organizations: Afp, Getty, SINGAPORE, Trade, Monetary Authority of, Party Locations: Singapore, Monetary Authority of Singapore, Gan

☆ Ukraine war live updates: Under heavy Russian fire, Ukraine withdraws troops from parts of besieged Kharkiv region
▼ + stars: | 2024-05-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

U.S. Secretary of State Antony Blinken (R) performs "Rockin' in the Free World" with members of The 1999 band at the Barman Dictat bar in Kyiv on May 14, 2024. The United States will back Ukraine until the country's security is "guaranteed," Blinken said in a speech in Kyiv on May 14, 2024. The band's singer told the crowd he had a "secret guest" for them as he invited "the biggest friend of Ukraine, Antony Blinken" onstage, to cheers from the crowd. But they need to know, you need to know, the United States is with you, so much of the world is with you," he said. "They're fighting not just for a free Ukraine but for the free world, and the free world is with you too," he added.

Persons: Antony Blinken, Blinken, Neil Young's, Volodymyr Zelenskyy, Dmytro Kuleba, Ukraine, Holly Ellyatt Organizations: Ukraine, Ukraine's Foreign Locations: Kyiv, United States, Ukraine, Kharkiv

☆ Gold prices flat as U.S. inflation data takes centre-stage
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

Gold prices traded flat on Wednesday as investors looked forward to a critical U.S. inflation print that could offer clues on the Federal Reserve's interest rate-cut trajectory. Spot gold held its ground at $2,359.99 per ounce, as of 0704 GMT, trading in a narrow $6 range, after gaining 1% on Tuesday. According to a Reuters poll, the data is expected to show that core inflation in April rose 0.3% month-over-month, down from 0.4% the prior month. Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold. However, data on Tuesday showed that U.S. producer prices increased more than expected in April.

Persons: Kyle Rodda, Bullion, Jerome Powell Organizations: Fort, BHP Group Locations: Fort Knox Alaska, Kinross, Tetlin , Alaska, ., U.S, American

☆ YouTube says it will block videos of Hong Kong protest anthem following court order
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

Alphabet's YouTube on Tuesday said it would comply with a court decision and block access inside Hong Kong to 32 video links deemed prohibited content, in what critics say is a blow to freedoms in the financial hub amid a security clampdown. The action follows a government application granted by Hong Kong's Court of Appeal requesting the ban of a protest anthem called "Glory to Hong Kong." In comments criticizing the court order, YouTube said the ruling would raise skepticism around the Hong Kong government's work to foster the digital economy and reclaim its reputation as a predictable place for doing business. "If you start to send platforms 100 or 1,000 links for takedown every day, this will drive platforms crazy and also make global investors more worried about Hong Kong's free market environment. How predictable and how stable the policy environment is matters a lot to foreign investors, and Hong Kong is now at a crossroads to defend its reputation."

Persons: Hong Kongers, We'll, George Chen, Chen, Hong Organizations: YouTube, Hong, Appeal, U.S ., Asia Group, Washington DC, Meta Locations: Hong Kong, Hong Kong's, Washington, Greater China

☆ Boeing broke an agreement over the 737 Max crashes that killed 346 people, and could now be prosecuted, the Justice Department says
▼ + stars: | 2024-05-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewBoeing could face criminal charges after the Justice Department determined the planemaker violated a deferred prosecution agreement (DPA). The DPA, reached in 2021, meant Boeing didn't face charges related to the deaths of 346 people in two 737 Max 8 crashes in 2018 and 2019. AdvertisementIt added: "For failing to fulfill completely the terms of and obligations under the DPA, Boeing is subject to prosecution by the United States." AdvertisementThe Justice Department is continuing to meet with the families of victims of the 2018 and 2019 crashes, as it determines whether to bring charges against Boeing. The Justice Department told the court it will decide whether to prosecute Boeing by July 7.

Persons: —, Max, Robert Clifford Organizations: Service, Justice Department, DPA, Boeing, Business, Alaska Airlines, DoJ, BI, Department, Ethiopian Locations: United States, Alaska

☆ Nvidia gave CEO Jensen Huang a 60% pay hike to $34 million last year
▼ + stars: | 2024-05-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Nvidia CEO Jensen Huang received a $34.2 million compensation package in fiscal 2024. Huang's pay rose 60% from 2023, driven by Nvidia's stock surge amid demand for the company's AI chips. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNvidia CEO Jensen Huang got a huge payday last year thanks to strong demand for the company's AI chips. Huang, who is also a cofounder of Nvidia, received a $34.2 million compensation package for the fiscal year, which runs from February to January, the company's annual proxy filing shows.

Persons: Jensen Huang, —, Huang Organizations: Nvidia, Service, Business

☆ Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it
▼ + stars: | 2024-05-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

The US should embrace full engagement with China, but expect a hard time along the way, JPMorgan CEO Jamie Dimon told Sky News. This will remain difficult as long as China is close to Russia, he noted. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan CEO Jamie Dimon considers full US engagement as the right approach to China, but says obstacles will make it a difficult course to follow, he told Sky News. Chief among issues is Beijing's strengthening relationship with Moscow, Dimon told the outlet on Wednesday: "As long as China is kind of on the side of Russia, we're going to have a hard time."

Persons: Jamie Dimon, Dimons, —, Dimon, we're Organizations: JPMorgan, Sky News, Service, Business Locations: China, Russia, Beijing, Moscow

We've compiled everything you need to know where to watch Indiana Fever vs. Connecticut Sun, including both cable and live streaming options. 1 overall draft pick in April and was scooped up by the Indiana Fever, where she joins 2023 WNBA Rookie of the Year Aliyah Boston. The Indiana Fever has played two preseason games so far, which saw them win one and lose one. The Indiana Fever and Connecticut Sun will play almost 40 games each this season, including a couple more against each other. Where to watch Indiana Fever vs. Connecticut Sun in the USThe Indiana Fever vs. Connecticut Sun game will be available on cable and streaming in the US.

Persons: Caitlin Clark, Clark, There's Organizations: Business, WNBA, Indiana, Connecticut Sun, Iowa, NCAA Division, Indiana Fever, Boston, New York Liberty, ESPN2, ESPN, Disney, Pixar, Marvel, Star Wars, Geographic, Century Fox, Hulu, Disney Plus, ESPN3, TNT, TBS, CNN, Phoenix Mercury, Las Vegas Aces Locations: Uncasville , Connecticut

☆ AI boom to keep supply of high-end memory chips tight this year, analysts warn
▼ + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Photographer: SeongJoon Cho/Bloomberg via Getty ImagesHigh-performance memory chips are likely to remain in tight supply this year, as explosive AI demand drives a shortage for these chips, according to analysts. "We expect the general memory supply to remain tight throughout 2024," Kazunori Ito, director of equity research at Morningstar said in a report last week. The demand for AI chipsets has boosted the high-end memory chip market, hugely benefiting firms such Samsung Electronics and SK Hynix, the top two memory chipmakers in the world. High-performance memory chips play a crucial role in the training of large language models (LLMs) such as OpenAI's ChatGPT, which led AI adoption to skyrocket. HBM's production cycle is longer by 1.5 to 2 months compared with DDR5 memory chip commonly found in personal computers and servers, market intelligence firm TrendForce said in March.

Persons: SeongJoon Cho, Kazunori Ito, Morningstar, William Bailey, TrendForce Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, SK Hynix, Micron, Samsung Electronics, Nvidia, Samsung, Nasdaq Locations: Seoul, South Korea

☆ Google just gave us a tantalizing glimpse into the future of AI agents
▼ + stars: | 2024-05-14 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

Read previewWhat if the Google Assistant was actually… an assistant? In short: AI agents are what have the best shot at taking this technology from "nice to have" to "need to have." But there are other ways these AI agents will emerge in the nearer term. Google teased a combination of updates that will soon make its Gemini AI chatbot more capable and proactive. Tentacles and tailoringBut it's in its legacy products that Google really has an edge when it comes to enabling agent-like qualities.

Persons: —, It's, Sundar Pichai, Pichai, Astra Pichai, We've, Demis Hassabis, OpenAI, Sissie Hsiao, Hsiao, Chatbots, Liz Reid, Google's, Reid Organizations: Service, Google, Business, Astra, Gemini Locations: London

☆ Singapore's incoming PM Wong appoints new deputy PM in minor reshuffle
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Singapore's Finance Minister Lawrence Wong will be promoted to deputy prime minister, in a cabinet reshuffle announced on June 6. Singapore's incoming prime minister Lawrence Wong announced a minor cabinet reshuffle on Monday ahead of assuming the top post later this week, with the biggest change the promotion of the trade minister to become his deputy, local media reported. Trade Minister Gan Kim Yong, 65, was given the additional title of deputy prime minister and was made Wong's replacement as chair of the central bank, media said. Wong will take over the premiership from Prime Minister Lee Hsien Loong, 72 on Wednesday. Wong will become only the fourth prime minister of the 59-year-old nation, which has been ruled by one party since 1959.

Persons: Lawrence Wong, Gan Kim Yong, Wong, Lee Hsien Loong Organizations: Singapore's, Trade

☆ Nvidia’s CEO was labeled a 'demanding' boss by staff. But experts say you have to be cutthroat
▼ + stars: | 2024-05-13 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

Nvidia's CEO Jensen Huang knows he's a tough boss and has no regrets about it. In a recent interview with "60 Minutes," employees at the company's Santa Clara headquarters told correspondent Bill Whitaker that the entrepreneur is "demanding," a "perfectionist," and "not easy to work for." Huang, who co-founded the chipmaker in 1993 which is now worth over $2 trillion, said this described him "perfectly." "He is to some degree cutthroat," Wladislaw Rivkin, associate professor of organizational behavior at Trinity Business School, told CNBC Make It. Many smaller companies have gone bankrupt but Nvidia "survived," Rivkin noted.

Persons: Jensen Huang, Santa Clara, Bill Whitaker, Huang, Whitaker, Wladislaw Rivkin, Rivkin, Sankalp Chaturvedi, Chaturvedi Organizations: CNBC, Trinity Business School, Nvidia, Imperial College Business School . Workers Locations: Santa, Silicon Valley

☆ Tesla will drop 70% after robotaxi and AI ambitions stop shielding a failing business, 'Big Short' investor says
▼ + stars: | 2024-05-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Big Short" investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla's focus on Robotaxis and AI is a distraction from its "falling apart" core business, he told CNBC. AdvertisementTesla's stock is cruising toward a steep correction, and will see a drop-off that even new tech initiatives can't steer around, investor Danny Moses told CNBC. The Moses Ventures founder revealed a Tesla short last year, sparked by a frustration over CEO Elon Musk's purchase of X, formerly Twitter. While Moses holds Tesla as his primary short, he touted a separate autonomous driving firm called Wayve.

Persons: Danny Moses, Moses, —, Tesla, Elon Musk's, Bill Gates Organizations: CNBC, DOJ, Service, Moses Ventures, Elon, Department of Justice, Nvidia

☆ Lufthansa's boss called delays to Boeing deliveries 'extremely annoying,' and it further highlights a growing dilemma for the aviation giant
▼ + stars: | 2024-05-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The CEO of Europe's biggest airline called Boeing's delivery delays "extremely annoying." AdvertisementThe CEO of Lufthansa has become the second airline boss in recent days to voice his frustration with Boeing over delivery delays. In an interview with Swiss newspaper Neue Zuercher Zeitung published Saturday, Carsten Spohr was asked about the planemaker's delivery delays. In an interview with CNBC, Sheikh Ahmed bin Saeed Al Maktoum told Boeing to "get your act together." AdvertisementAfter announcing his resignation, Boeing CEO Dave Calhoun said the company needed to slow down production in order to focus on safety.

Persons: —, Carsten Spohr, Sheikh Ahmed bin Saeed Al Maktoum, Dave Calhoun, Al Maktoum's, Brendan Nelson, Spohr Organizations: Alaska Airlines, Boeing, Service, Lufthansa, Swiss, Neue Zuercher, Europe's, Emirates, CNBC, Boeing Global, Sky Arabia, Ryanair, United Airlines, Max, Airbus, Zuercher Zeitung, Business

☆ Agtech startup Rize wants to make even the smallest rice farmers go green. Here's the deck it used to raise a $14 million Series A.
▼ + stars: | 2024-05-13 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Agtech startup Rize aims to lower rice farming's methane emissions in southeast Asia. The Singapore-based startup recently raised $14 million in Series A funding from investors. A 10th of the world's methane emissions comes from rice farming, as bacteria break down in wet rice paddies and release the gas. To reduce rice's methane footprint, agtech startup Rize is working with small rice farmers in Vietnam and Indonesia — locals who manage a farm about the size of one and a half soccer fields. Rize's on-the-ground scientists use the startup's tech platform and green growing techniques to help these farmers grow rice more sustainably and increase their harvest.

Persons: — Organizations: Service, Business Locations: Rize, Asia, The Singapore, Vietnam, Indonesia

☆ Warren Buffett's selling stocks like Apple as he sees trouble ahead — but he'll spend if markets crash: elite strategist
▼ + stars: | 2024-05-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett is cashing in stocks like Apple because he knows the good times won't last — but he'll spend big once disaster strikes, a veteran strategist says. AdvertisementThe conglomerate's disposals fueled a $21 billion increase in its stack of cash and Treasurys to a record $189 billion. Related storiesDietrich underscored that as a value investor, Buffett prizes underpriced assets and avoids expensive ones. Apple, which remains Buffett's largest stock holding by far, has more than tripled in value since he finished building the position in 2018.

Persons: —, Warren Buffett, Paul Dietrich, Riley Wealth, Buffett, Dietrich, He's, Jeff Bezos, Jamie Dimon, Meta's Mark Zuckerberg, he'll, Goldman Sachs, Davidson Organizations: Service, Apple, Business, Berkshire Hathaway, Berkshire, Walmart, downturns, Electric, Dow Chemical Locations: Berkshire

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