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☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ China's cutthroat competition hasn't been lost with the slowdown. EV companies fighting to win
▼ + stars: | 2023-09-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

I was in town for an event by Chinese electric car company Nio , which was vying with Huawei's big Connect conference for literal space and attention in a week of tech news. Electric car manufacturers are abuzz In the world of electric cars alone, Baidu -backed startup Jidu launched its car on Tuesday afternoon; Xpeng also unveiled its new G9 electric SUV. Nio, which had just wrapped its fifth car release in four months the prior week, launched a smartphone on Thursday. A competitive spirit, particularly in tech China's cutthroat competition hasn't been lost with the slowdown. While she hasn't had time to give the Nio phone a good look yet, she said she's a regular at the local Nio House, and invites family and friends there.

Persons: Xpeng, Leapmotor, William Li, Li, that's, Meng Wanzhou, JD.com, JD, Peter Alexander, Alexander, Frank Fan, Nio, Angela Cai, Cai, hasn't, she's, — CNBC's Michael Bloom Organizations: Baidu, Wednesday, CNBC, Companies, Huawei, Netflix, Ben Advisors, ., Starbucks, Apple, China, Bank of America Locations: Beijing, Shanghai, Arcfox, U.S, China, China .

☆ Risks in China aren't materially any different today than last 2-3 decades: Z-Ben's Peter Alexander
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisks in China aren't materially any different today than last 2-3 decades: Z-Ben's Peter AlexanderPeter Alexander, Z-Ben Advisors founder and managing director, joins 'Squawk Box' to discuss the state of U.S.-China relations,

Persons: Peter Alexander Peter Alexander Organizations: Ben Advisors Locations: China, U.S

The eight candidates who sparred in the GOP debate still face the tough challenge of chipping away at Trump’s lead in the race. NBC News’ Shaq Brewster watched the debate with a group of two-time Trump voters in Waukesha, Wis.. Asked to raise their hand if the debate made them interested in a candidate other than Trump, all four voters kept their hands down. Still, Benfield plans to support Trump’s campaign next year. Hoosier showdown: GOP Rep. Jim Banks’ Senate run got a boost during the GOP debate, with the conservative group launching an ad on Fox News supporting his bid.

Persons: Trump’s, Shaq Brewster, Scott, Trump, Mike Benfield, Brewster, Ramaswamy, “, ” Benfield, Benfield, ”, Biden, they’re, Peter Alexander, Elyse Perlmutter, Grace Jaworski, Megan Lebowitz, Ron DeSantis, fundraise, Donald Trump, DeSantis, Matt Dixon, David Sachs, Vivek Ramaswamy, Puck, ’ Ryan Reilly, Jim Banks, Banks, John Rust Organizations: GOP, NBC, Trump, New York, Florida Republican Gov, Florida Republicans, Senate, Fox News Locations: Waukesha, Wis, Reno, Nev, Florida, Atlanta, Fulton County

☆ Biden to advocate the release of detained journalists at the White House correspondents’ dinner
▼ + stars: | 2023-04-29 | by ( Megan Lebowitz | Peter Alexander | ) www.cnbc.com time to read: +3 min

President Joe Biden plans to use his remarks Saturday at the White House Correspondents' Association dinner to address press freedoms and the detainment of American journalists. At the 2022 dinner, Biden spoke for just under 15 minutes, cracking jokes at himself and the media. The history of the famed dinner stretches back to 1914, when the White House Correspondents' Association was established. Trump skipped all of the White House correspondents' dinners during his term. After comedian Michelle Wolf delivered a blistering 2018 dinner routine taking aim at the Trump administration, Trump tweeted that "the White House Correspondents' Dinner is DEAD as we know it."

☆ Ukraine’s corn and wheat exports are set to plummet. Here’s what that means for the world's food supply
▼ + stars: | 2023-04-20 | by ( Lucy Handley | ) www.cnbc.com time to read: +7 min

Both Ukraine and Russia were among the world's top producers of commodities such as wheat and barley before the war broke out in February 2022. But the conflict saw the price of U.S. wheat and corn futures hit decade highs (with one benchmark wheat contract hitting an all-time high) and sparked volatility in global wheat prices throughout the year. 2023/24 Ukraine grains exports (corn + wheat) might be 27-30mmt, down 15-18mmt from 2021/22," he added. Global food tradeThe war in Ukraine has contributed to rising food prices, with inflation above 5% in more than 80% of low-income countries, according to World Bank figures. Climate change causing extreme weather is already damaging the food system, according to Alexander, a senior lecturer at Edinburgh University's Global Academy of Agriculture and Food Systems.

President Joe Biden jogs across the South Lawn of the White House to speak with visitors before boarding Marine One, Friday, March 18, 2022, in Washington. President Joe Biden remains "fit" to conduct his duties as president, according to a medical memo released by the White House following a routine physical exam on Thursday. "President Biden remains a healthy, vigorous 80-year-old male, who is fit to successfully execute the duties of the Presidency," White House physician Kevin O'Connor said in a five-page memo. Biden was expected to have his exam in January, but it was postponed due to schedule conflicts, White House press secretary Karine Jean-Pierre said earlier this month. In 2021, Biden's exam included a colonoscopy, which required sedation.

President Joe Biden is planning to deliver his most extended public remarks yet — as early as Thursday — on the unidentified objects that the U.S. military has been shooting down, three people familiar with the matter said. With federal investigators analyzing the wreckage and many questions still unanswered, Biden has been sparing in his remarks thus far. White House officials have been privately discussing whether he should deliver an address about the military shooting down a Chinese spy balloon and three other objects that have still not been identified, NBC News reported Tuesday. Lawmakers who've gotten private briefings about the aerial objects have said they want to hear directly from Biden about whether the U.S. is under threat. "In his remarks, Biden is expected to lay out the standards the U.S will employ when deciding whether to shoot down unknown objects floating overhead, or, instead, let them pass because they are benign in nature and no threat to civilian aircraft.

WASHINGTON — The National Archives and Records Administration on Thursday requested that former presidents and vice presidents "conduct an assessment" to determine if they have any classified materials in their possession. Under the Presidential Records Act, all presidential and vice presidential records - including any classified documents - must be turned over to Archives by the end of their terms. A spokesperson for the Archives declined to comment on the letter, which was sent after classified documents were found at the homes of former Vice Presidents Joe Biden and Mike Pence, as well as an office Biden previously used. On Thursday, Bush's office responded to the Archives letter by saying, "Thank you for your note. Former Vice President Dan Quayle’s office said Thursday: “We have not received an inquiry from the National Archives.

A "small number" of classified documents were discovered last week at former Vice President Mike Pence’s Indiana home, according to two letters Pence’s counsel sent to the National Archives obtained by NBC News on Tuesday. Pence's team “immediately” secured the classified documents in a locked safe, Jacob said. The transfer was facilitated by Pence’s personal attorney, who has experience in handling classified documents and was involved with the Jan. 16 discovery. Pence spokesman Devin O’Malley later told NBC News that “no potential classified documents” were found at the offices of Pence’s organization Advancing American Freedom after Pence’s team searched the offices and the former vice president’s home in Indiana. In a statement Tuesday, Comer said Pence reached out to the panel about classified documents found at his Indiana residence.

☆ JPMorgan, Standard Chartered win approval to expand in China
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Jan 19 (Reuters) - JPMorgan (JPM.N) and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China, as Beijing encourages expansion by foreign companies after lifting its restrictive COVID policies. British bank Standard Chartered (STAN.L) won an approval to set up a new securities brokerage unit in China also on Thursday, the regulator said. Canada's Manulife Financial Corp (MFC.TO) in November received regulatory approval to take full control of its Chinese mutual fund venture. U.S. asset manager Neuberger Berman in the same month won approval to set up a new fund unit in China. "China is certainly going to be bit of a long slog," Alexander said, referring to China's lengthy approval process for foreign companies.

The jump was aided by Bridgewater China's raising of 2.7 billion yuan through a product launch in December, said the sources. Connecticut-based Bridgewater launched its first onshore China fund in 2018, and three years later its assets under management (AUM) in China exceeded 10 billion yuan, catapulting the firm past Winton and Man Group to become the biggest foreign hedge fund house in the country. By early November, Bridgewater's onshore China funds grew to roughly 19 billion yuan, Shanghai government data showed. The steady performance of Bridgewater's China funds - mainly targeting wealthy individuals - was highlighted in the hedge fund firm's sales pitch, which was seen by Reuters. Bridgewater's first China fund achieved an annualised return of 15.6% in the four years following its October 2018 launch.

Share this -Link copied'It's too much for me': Zelenskyy begins speech by thanking U.S. Zelenskyy began his remarks before a joint meeting of Congress at 7:40 p.m. "I think we share the exact same vision, that of a free, independent and prosperous Ukraine," Biden said. The Ukrainian president added that the soldier told him that "many (of) his brothers, this system saved." President Joe Biden holds a medal presented to him by Ukrainian President Volodymyr Zelenskyy in the Oval Office. Share this -Link copiedPhoto: Zelenskyy shakes hands with Biden as he arrives President Joe Biden welcomes Ukrainian President Volodymyr Zelenskyy to the White House.

President Zelenskyy is an inspiring leader. He's expected to visit the White House before addressing a joint session of Congress at the Capitol. A group of soldiers who helped defend Bakhmut gave him a Ukrainian flag and asked him to get it to Congress — and the Ukrainian president promised to give it to Biden himself. We will pass it on from the boys to the Congress, to the president of the United States. We are grateful for their support, but it is not enough.” Share this -Link copied

President Joe Biden will announce six new judicial nominees in his final batch of selections in 2022, a White House official told NBC News, as it looks to two more years of reshaping the federal courts under an expanded Democratic Senate majority. The nominees are for federal district courts — one in Indiana, two in New Jersey and three in California. The White House said they’ll be among the first nominees sent to the Senate early in the new year, when another session begins. Democrats gained a seat in the 2022 election and may have an easier time processing judges in 2023 and 2024. The new round will bring Biden’s total announced judicial nominees to 150, the White House said.

☆ Jan. 6 committee highlights: Panel votes on criminal referrals for Trump and others
▼ + stars: | 2022-12-20 | by ( Rebecca Shabad | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +48 min

“By the time President Trump was preparing to give his speech, he and his advisors knew enough to cancel the rally. “Some have suggested that President Trump gave an order to have 10,000 troops ready for January 6th. On far-right groups drawing inspiration from Trump: Trump has not denied that he helped inspire far-right groups, including the Proud Boys and Oath Keepers, to violently attempt to obstruct the official certification proceedings on Jan. 6. "There is no question from all the evidence assembled that President Trump did have that intent." Share this -Link copiedInside the final Jan. 6 committee meeting The Jan. 6 committee met for what’s likely its final public meeting, with many of the usual faces present.

☆ Jan. 6 committee live updates: Panel to vote on criminal referrals, adopt final report
▼ + stars: | 2022-12-19 | by ( Summer Concepcion | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +10 min

The committee's final public meeting is getting underway The Jan. 6 committee has gaveled in for its final public meeting. Key aides, however, aren’t expected to provide any formal reaction or weigh in on any of the possible criminal referrals and will likely defer to the Justice Department, these sources say. Share this -Link copiedHouse Republicans planning their own report to counter committee Republicans plan to release a counter report designed to serve as a rebuttal to the Jan 6 committee’s final report. Axios was first to report of the GOP plans to counter the Select Committee’s report. The committee will likely reveal Eastman’s referrals during Monday’s meeting, in addition to expected criminal referrals for Trump.

BALI, Indonesia — Treasury Secretary Janet Yellen said she expects inflation will recede to normal levels over the next two years, down from near-four-decade highs. Consumer price increases eased to 7.7% last month, in what could be an early sign that inflation is subsiding. On a monthly basis, inflation rose by 0.4%, the same as in September. President Joe Biden at the time lauded the report as “progress” in the effort to wrangle price growth. “It will take time to get inflation back to normal levels — and we could see setbacks along the way — but we will keep at it and help families with the cost of living,” he said.

Saudi Arabia has suggested the United States asked it to wait a month before cutting oil production, defending a move heavily criticized by the White House as helping Russia's war in Ukraine. Bandar Al-Jaloud / AFP - Getty ImagesAs the de facto head of OPEC+, Saudi Arabia rejected that appeal, with the alliance instead announcing earlier this week it would be cutting global supply by 2 million barrels. John Kirby, National Security Council coordinator for strategic communications, said that Saudi Arabia was trying to "spin and deflect" on the issue. "Other OPEC nations communicated to us privately that they also disagreed with the Saudi decision, but felt coerced to support Saudi’s direction." Like many Western governments, Washington has long sought to balance reliance on Saudi Arabia, the world's second largest oil producer, with holding it to account on human rights.

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