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☆ In Maryland’s Democratic Senate primary, a high-stakes clash between a history-making pick and a candidate with deep pockets
▼ + stars: | 2024-05-11 | by ( Simone Pathe | ) edition.cnn.com time to read: +11 min

Silver Spring, Maryland CNN —The farmers market in this suburb of Washington, DC, was a ripe crowd for Angela Alsobrooks, who’s locked in an increasingly contentious Senate Democratic primary on Tuesday. “I would really like to see a Black woman in the Senate. If elected in November, Alsobrooks, the executive of Prince George’s County, could become only the third Black woman ever elected to the Senate. (The one Black woman currently serving — California’s Laphonza Butler — was appointed and isn’t running to stay beyond this year.) “Electing women is not just good for Maryland,” Alsobrooks told supporters assembled outside her campaign office.

Persons: Angela Alsobrooks, who’s, “, Kathy Pruitt, California’s Laphonza Butler —, Alsobrooks, David Trone, ”, Mileah Kromer, Trone, Larry Hogan, ” Pruitt, Hogan, Brian Snyder, “ I’ve, ” —, it’s, ” Alsobrooks, ” Ellen Malcolm, —, Maryland’s Barbara Mikulski, Wes Moore, Sen, Ben Cardin, Barbara Lee, Lisa Blunt Rochester, Pamela Luckett, “ It’s, that’s, he’ll, Alsobrooks hasn’t, doesn’t, Joanne Benson, Donald Trump, It’s, Prince, Krystal Oriadha, you’re, — who’s, — doesn’t, ” Benson, She’s, Glynda Carr, Black, ” Carr, hasn’t, Pruitt Organizations: Maryland CNN, Democratic, Takoma Park, Prince, Senate, Goucher College Poll, Maryland, House Democratic, GOP Gov, Maryland Gov, Saint Anselm College, Reuters, Bowie, Democrats, PAC, Washington Post, Gov, California Rep, Spring, Republicans, NBC, CNN, Capitol, ”, GOP, AFI, NRA, Higher Locations: Maryland, Washington, Alsobrooks, Prince George’s County, George’s, Manchester , New Hampshire, Black, America, who’s, Delaware, Prince George’s, Higher Heights

☆ Tesla's 'apocalypse-proof' Cybertruck thwarted by sand, snow, and regulator recalls
▼ + stars: | 2024-05-06 | by ( Camilo Fonseca | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. AdvertisementBut on May 2, a tourist on Nantucket found their Cybertruck trapped in the sand, requiring a tow truck to free it. According to the tow operator, the driver made one crucial error: He forgot to let air out of the tires. The tow operator said the safe spot for beach driving is between 18 and 22 psi. Representatives for Tesla did not immediately respond to a request for comment from Business Insider.

Persons: —, hasn't, Elon Musk, Tesla, who've, There's, Marques Brownlee, Michael Brooks, Myles Russell Organizations: Service, Business, Traffic, NHTSA, Center for Auto Safety Locations: Nantucket, Canadian

☆ Opinion | The Baffling Theme of This Year’s Met Gala
▼ + stars: | 2024-05-06 | by ( Anna Marks | ) www.nytimes.com time to read: +1 min

The Met Gala is an annual spectacle of celebrity that raises money for the museum’s Costume Institute, which works to preserve fashion history. The night’s enduring power can largely be chalked up to the way guests interpret its themed dress code, which changes every year. At its most brilliant, a theme might inspire absurd, campy or daring interpretations by clever designers. In either case, the commentary the theme provokes gives the gala its enduring cultural relevance. Ballard implicitly criticizes the wealthy count’s distance from the public, but the gala essentially celebrates the counts among us.

Persons: there’s, Ballard Organizations: Metropolitan Museum of Art, Institute, Costume Institute

☆ Jim Cramer says Howard Schultz's open letter to Starbucks is unlike anything he's seen before
▼ + stars: | 2024-05-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The difficult road ahead for Club holding Starbucks took a dramatic, unexpected turn this weekend — one that Jim Cramer said he's not seen before in his four decades on Wall Street. "I think he's coming from the point of view just sadness about where the franchise is," Jim said. Narasimhan said Starbucks is working on a plan to speed up customer service and improve its supply chain. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Former Starbucks CEO Howard Schultz testifies about the company's labor and union practices during a Senate Committee on Health, Education, Labor and Pensions hearing on Capitol Hill in Washington, DC, March 29, 2023.

Persons: Jim Cramer, he's, Howard Schultz, Schultz, I've, Jim, Laxman Narasimhan, Kevin Johnson, SBUX, Narasimhan, Howard, Jim Cramer's, Saul Loeb Organizations: Club, Starbucks, CNBC, LinkedIn, Health, Education, Labor, Capitol, AFP, Getty Locations: U.S, North America, China, Washington , DC

☆ A 100-year-old man chalks up his longevity to empathy, passion for music, and eating half-portions
▼ + stars: | 2024-05-02 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

Roger Wonson reached his milestone 100th birthday in April 2024. AdvertisementWhen Roger Wonson celebrated his 100th birthday with friends at his care facility, he provided the entertainment. "I get a lot of kicks from music," Wonson told Business Insider. He played saxophone and drums in several bands in his home state of Massachusetts. "I don't eat a lot," Wonson said.

Persons: Roger Wonson, —, Wonson, It's, Michelle Boudreau, Mary Sue, Wanson, it's, didn't, Ted Talks, I've, Declan Organizations: Business, Service, US Air Force, Beverly Locations: Massachusetts

☆ I was a Divison III college athlete. Years later, I now see how it ruined my body and my college experience.
▼ + stars: | 2024-04-16 | by ( Laura Forrest Hopfauf | ) www.businessinsider.com time to read: +5 min

I decided to continue that passion in college when I enrolled in a Division III school. Related storyOn my team, soccer felt more like an unwanted activity than a conscious commitment. But in the corporate world, no one cared about my leadership experience of captaining two college teams. I know there is more than one way to keep playing, and it doesn't have to be at the collegiate level. AdvertisementEither way, playing in college is an experience, but mine cost more than it should.

Persons: —, hadn't, I've Organizations: Service, III, Business, Collegiate, Fortune

☆ China's GDP rose 5.3% in the first quarter, but it doesn't mean the economic pain is over
▼ + stars: | 2024-04-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China's economy grew 5.3% in the first quarter of 2024, surpassing analyst expectations. China's property market struggles persist, with 1Q new home sales falling nearly 31% from a year ago. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, Sheng Laiyun Organizations: Service, National Bureau, Statistics —, Bloomberg, NBS, Business Locations: China, Beijing

☆ Ford stock can go higher by taking a page of out Detroit rival GM's playbook
▼ + stars: | 2024-04-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

General Motors is buying back a ton of stock; Ford, so far, not so much. Before the buyback disclosure late this year, Ford had been down 10%, which was less than GM's 14% decline. In 2023, Ford spent $5.33 billion on dividends and stock repurchases, with only 6.3% of that total on buybacks. In guidance alongside Q4 numbers, Ford said it expects warranty costs for full-year 2024 to be flat year over year. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Ford, Jim Cramer, General Motors, Adrian Yanoshik, Jim, Morgan Stanley, Adam Jonas, Jonas, BEV, John Lawler, Redburn's Yanoshik, Jim Cramer's, Paul Hennessy, LightRocket Organizations: General Motors, Ford, GM, CNBC, General, United Auto Workers, Capital, Renaissance, Getty

☆ Biden administration officials believe Netanyahu’s claim a Rafah invasion date has been set is bluster
▼ + stars: | 2024-04-09 | by ( Mj Lee | Alex Marquardt | ) edition.cnn.com time to read: +5 min

CNN —The Biden administration is dismissing Israeli Prime Minister Benjamin Netanyahu’s pronouncement that a date has been set for a ground offensive into Rafah as bluster that is in no small part fueled by the Israeli prime minister’s tenuous political standing at home, senior administration officials told CNN. Privately, multiple senior administration officials chalked up Netanyahu’s pronouncement – which was followed Tuesday by a declaration that that“no force in the world” will stop Israeli troops from entering Rafah – to bravado. Israeli officials argue that four Hamas battalions remain in Rafah that must be taken out. Israeli officials did not provide comprehensive answers to the questions in the meeting, the sources said. Hamas would rebuild from the remaining battalions there, the officials told their US counterparts.

Persons: CNN —, Biden, Benjamin Netanyahu’s, Netanyahu’s, Israel, chalked, Netanyahu, Antony Blinken, ”, Joe Biden’s, Jake Sullivan, Defense Lloyd Austin, Yoav Gallant, Austin, –, ” Biden, Ron Dermer, Tzachi Hanegbi, Blinken, CNN’s Natasha Bertrand, Oren Liebermann Organizations: CNN, Israeli, Biden, Defense, “, Israel Defense Forces, US Locations: Rafah, Gaza, Israel, Washington

☆ If you want a high-paying job and a more affordable house, move to the Rockies or the South
▼ + stars: | 2024-04-04 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In Utah, the share of residents in prosperous ZIP codes during the 2017 through 2021 period grew to 55% from 47% in the 2011 to 2015 period. During the 2017 to 2021 period, the share of residents in a prosperous ZIP code jumped to 39% from 19% during the 2011 to 2015 window. Mississippi has the largest share of residents in a distressed ZIP code, while the share in Louisiana rose by 10 percentage points. And in New York, the share of residents in a distressed ZIP code jumped to 20% from 12%.

Persons: —, Daniel Newman, Kenan Fikri, EIG Organizations: Service, Economic, Business, DCI, East South, Politico, New Locations: Idaho , Montana , Utah , Nevada, Georgia, South Atlantic, New England, Utah, Idaho, In Utah, Ogden, . Mississippi, Louisiana, New York, New York City, York City

☆ Billionaires' superyachts are bigger, better, and have more on board than ever
▼ + stars: | 2024-03-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?

Persons: —, Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, —, Monaco Yacht Locations: Russian, superyachting

☆ 'Inception attacks' on Meta VR headsets can trap users in a fake VR environment, researchers found
▼ + stars: | 2024-03-13 | by ( Grace Eliza Goodwin | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Researchers have exposed a potential security vulnerability in Meta's VR headsets, a new study says. The so-called "inception attack" allows an attacker to spy on and control a user's VR environment. The headset also had to be in developer mode, which the researchers said many Meta Quest users keep enabled in order to get third-party apps, adjust resolution, and take screenshots. Researchers created cloned versions of the Meta Quest Browser and VRChat app. AdvertisementTo test the inception attack process with real people, researchers had 27 study participants interact with VR headsets while they carried out the attack.

Persons: —, Mark Zuckerberg, Zuckerberg, what's, Meta Organizations: VR, Service, University of Chicago, Apple Vision Pro, MIT Technology, Meta, Business

☆ The Princess of Wales is in the spotlight — for not being in the spotlight
▼ + stars: | 2024-03-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the curious case of Kate Middleton's edited photo that's got the internet buzzing. The big storyPrincess problemsChris Jackson/Getty Images; Ian Vogler - WPA Pool/Getty Images; Chelsea Jia Feng/BIA picture is worth a thousand words. AdvertisementBut this time around, it's the Princess of Wales in the spotlight… for not being in the spotlight. She explained away the issue by saying she does "occasionally experiment with editing," but plenty of people weren't buying it .

Persons: —, we've, Kate Middleton's, that's, Chris Jackson, Ian Vogler, Chelsea Jia Feng, hasn't, Prince Andrew , Duke, York, Prince Harry, Meghan Markle, Duke, Duchess of Sussex, Wales, Kate, Insider's Kwan Wei Kevin Tan, Mikhaila Friel, Kensington, Kensington Palance, Patrick Witty's, Patrick, Kate Middleton, King Charles, Mikhaila, Easter, Katie Notopoulos, BI's Hasan Chowdhury, Beatrice Nolan, Chris Gash, Stephanie Pomboy, Max, Aravind Srinivas, Nvidia's, Artur Debat, Eric Boyd, Joe Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Royals, JPMorgan, Anadolu, Apple, Meta, New York Times, Tesla, Microsoft, OpenAI, International Brotherhood of Teamsters Locations: London, Kensington, British, China, Georgia , Mississippi, Washington, New York

☆ Princess Catherine Apologizes, Saying She Edited Image
▼ + stars: | 2024-03-11 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

Catherine, the Princess of Wales, apologized on Monday for doctoring a photo of her with her three children, which was recalled by several news agencies on Sunday after they determined the image had been manipulated. The decision to recall the photo reignited a storm of speculation about Catherine, who has not been seen in public since she had abdominal surgery nearly two months ago. In her statement, the 42-year-old princess chalked up the alteration to a photographer’s innocent desire to retouch the image. “Like many amateur photographers, I do occasionally experiment with editing,” Catherine wrote in a post on social media. Hours after Kensington Palace released the photo, The Associated Press, Reuters and Agence France-Presse issued advisories urging news organizations to remove the image.

Persons: Catherine, Princess, Wales, chalked, ” Catherine, “, George, Charlotte, Louis Organizations: Associated Press, Reuters, Agence France Locations: Britain

☆ Meet the typical retiree: A married woman in her 70s living on $30,000 a year in Maine or Florida
▼ + stars: | 2024-03-10 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

They're likely married, stopped their education after high school, and are making up a bigger share of the population in states like Maine and Florida. Even when they've been married once, women are still more likely than men to hold no retirement savings. Per Gallup, the average retirement age in the US has been rising. Similarly, Americans' "target" retirement age increased from 60 in 1995 to 66 in 2022. The "full" retirement age to receive maximum Social Security benefits is 67 for those born after 1960.

Persons: —, They're, they've, Gen, That's Organizations: Service, Pew Research, Business, Social Security, Gallup, Security Locations: Maine, Florida, New England, New Hampshire, Hawaii, . Maine

☆ How Kyrsten Sinema — who once said she could 'do anything' if she lost reelection — can get rich now that she's retiring from the Senate
▼ + stars: | 2024-03-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Kyrsten Sinema once said she could "do anything" after leaving the Senate, according to one book. Now that she's retiring, Sinema has all kinds of get-rich-quick options available to her. According that book, Sinema told the Utah Republican that she didn't care about winning reelection, a prospect that had long been imperiled by breaking with her party on government spending and the Senate's "filibuster" rule. Former Sen. Ben Sasse is set to make millions from his new role as a college president. Tasos Katopodis-Pool/Getty ImagesSinema could also seek to become a college president, as she purportedly once told Romney — and she could get rich doing it.

Persons: Kyrsten Sinema, Sinema, —, McKay, Sen, Mitt Romney, Kyrsten, Arizona hasn't, Romney, Sinema's, Leah Greenberg, she's, — she's, Ed Perlmutter —, it's, Tom Suozzi, Mike Rogers of, Suozzi, George Santos, Rogers —, Former Sen, Ben Sasse, Tasos, Romney —, Donald Trump, Hillary Clinton, Nikki Haley, he's Organizations: Service, Senate, Utah Republican, Arizona State University, Capitol, Democratic, Colorado —, Mike Rogers of Michigan, House Intelligence, Former, GOP, University of Florida Locations: Plenty, Arizona, Colorado, New York, Michigan, Nebraska

What makes these stocks so formidable is the way they are "constantly reinventing themselves," Jeff Marks, the Club's director of portfolio analysis, said alongside Jim on stage. The Club portfolio, which consists of 32 stocks and cash, has nearly a 22% weighting in the Super Six. Let's consider how to allocate a hypothetical portfolio consisting of 12 stocks and 10% cash. Understanding how the stocks are linked creates an opportunity to build a well-rounded portfolio that balances risk and future returns. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, … I'm, Jim, Jeff Marks, Let's, Eli Lilly, Linde, –, Tim Cook, we're, it's, Jim Cramer's Organizations: Apple, Microsoft, Meta, Nvidia, Tesla, Palo Alto Networks, Costco, Linde, Google, Facebook, Amazon Web Services, Super, Jim Cramer's Charitable, CNBC Locations: Palo, Amazon, lockstep

☆ China is the only major economy dealing with deflation
▼ + stars: | 2024-03-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

China has been grappling with negative consumer prices for several months. No other major world economy faces deflation. China is the only major economy with negative consumer prices, dropping 0.8% year-over-year in January. China is the only major economy dealing with deflation. And China's ongoing real estate market slump has depressed the prices for household items and residences.

Persons: — Organizations: Service Locations: China, Beijing

☆ A short-term trading strategy if volatility returns to the markets in March
▼ + stars: | 2024-03-01 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

I remain optimistic on markets during this election year of 2024, but here is a short-term trade strategy that profits if volatility returns and profit taking becomes a theme during the last month of the first quarter. The S & P 500 and the tech-heavy Nasdaq each notched their best February returns since 2015, while the Dow had its best February since 2021. This is noteworthy as historically there has been "seasonal" weakness associated with February returns, due to portfolio repositioning and earnings season disappointments. With 97% of S & P 500 companies reporting actual results, investors have seen 73% of these firms exceed EPS estimates while the S & P 500 reported growth of 4.0%, according to FactSet. It is more about the opportunity I see at these overbought levels as the SPDR S & P 500 ETF (SPY) is trading at RSI levels of 76.

Persons: Dow, Kilburg Organizations: Nasdaq

☆ How 3 stocks are navigating the economic tug-of-war between the U.S. and China
▼ + stars: | 2024-02-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Just consider three core holdings in the portfolio: Apple , Starbucks , and Nvidia . Nvidia generates 21% of its overall revenue from Mainland China, while Apple gets 19%, and Starbucks 9%. Xiamen-based Luckin Coffee, for example, overtook Starbucks in market share in China during 2023, with double the retail locations there. However, Nvidia still dominates the AI chip market in China, and it's difficult to see its rivals catching up anytime soon. The company has twice re-engineered chips for the Chinese market to comply with U.S. rules.

Persons: Joe Biden's, Xi Jinping, Oppo, Jefferies, Tim Cook, Laxman Narasimhan, Tencent, Jim Cramer's, Jim Cramer, Jim Organizations: U.S, Apple, Nvidia, Starbucks, Competition, Huawei, International Data Corporation, IDC, CNBC, Luckin, China, Management, Tech Locations: China, Beijing, Washington, U.S, Mainland China, People's Republic, India, Xiamen

EY's Daco said the past few years have been marked by a mismatch in supply and demand when it comes to goods, services and even workers. Companies furloughed workers in the early pandemic and then struggled to fill jobs. David Silverman, a retail analyst at Fitch Ratings, said companies are "feeling a bit heavy as sales growth moderates and maybe even declines." Cost cuts at UPS, Hasbro and Levi all followed sales declines in the most recent fiscal quarter. "Part of companies' decision to lower their expense structure is in line with their views that 2024 may not be a fantastic year from a top-line-growth standpoint," Silverman said.

Persons: EY's Daco, David Silverman, Levi, Fitch, Silverman Organizations: Getty, Airlines, Cox Automotive, Fitch, UPS, Hasbro, Walmart, Target Locations: U.S

☆ Billy Joel says he’s ‘thought about putting together a band’: ‘Me, Don Henley and Sting, and maybe John Mayer’
▼ + stars: | 2024-02-16 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —To file under the fantasy music collaborations category, Billy Joel has been toying with the idea of joining forces with some contemporary music greats. “I thought about putting together a band,” Joel retorted. “Me, Don Henley and Sting, and maybe John Mayer on guitar.”That roster would surely be a worthy update to the Wilburys, which was a supergroup team-up between the late Tom Petty, Roy Orbison and George Harrison, along with Jeff Lynne and Bob Dylan. Joel also said he talks to Paul McCartney “a lot,” but added that he doesn’t “have the nerve” to ask the former Beatle to band up. Joel humored Stern while he continued to fantasize about who would be in the supergroup, and said, “Ringo would be good.

Persons: Billy Joel, –, Howard Stern, Joel, “, ” Joel, Don Henley, John Mayer, Tom Petty, Roy Orbison, George Harrison, Jeff Lynne, Bob Dylan, Stern, hasn’t, we’ll, ”, Paul McCartney, Joel humored Stern, “ Ringo, Ringo, doesn’t, Freddy Wexler –, Justin Bieber, Ariana Grande, Pink — Arthur Bacon, Wayne Hector Organizations: CNN, Sting Locations: ”

☆ Baby boomers are driving the trend of Americans staying in their homes for twice as long as they did 2 decades ago
▼ + stars: | 2024-02-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Americans are staying in their homes twice as long as they used to, a trend largely driven by boomers. Around 40% of baby boomers have stayed in their homes for at least 20 years, per a Redfin analysis. That can be chalked up to the unaffordable housing market, with mortgage rates and prices both elevated. The shift is largely driven by baby boomers, the real estate listing site said, who are staying put as mortgage rates and home prices remain elevated. Most (54%) baby boomers who own homes own them free and clear, with no outstanding mortgage," Redfin said in a note on Wednesday.

Persons: —, That's, boomers, Gen Zers, Redfin, it'll Organizations: Service, Federal Reserve

☆ Colorado ballot: Trump lawyer calls Jan. 6 a shameful 'riot' in Supreme Court exchange over the definition of 'insurrection'
▼ + stars: | 2024-02-08 | by ( Natalie Musumeci | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Donald Trump's lawyer argued the Capitol attack was a "riot," not an "insurrection," before the US Supreme Court. Most legal experts anticipate the conservative-majority Supreme Court to side with Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . What we said in our opening brief was President Trump did not engage in any act that can plausibly be characterized as an insurrection." Most legal experts on constitutional law say the US Supreme Court is likely to side with Trump.

Persons: Donald Trump's, —, Donald Trump, Ketanji Brown Jackson, Jonathan Mitchell, Mitchell, Brown, Trump Organizations: Capitol, Trump, Service, Supreme Court, Colorado Supreme, Colorado Locations: United States, Colorado

☆ Beijing refuses to admit its economy has broken down — and that's one reason officials are failing at fixing it, researchers say
▼ + stars: | 2024-02-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's economy has struggled to regain post-pandemic traction. But Beijing hasn't conceded its economy is in trouble, which could be holding it back from fixing structural issues, says the Rhodium Group. Rhodium Group's researchers aren't quite sure about the rosy narrative of China's economy, calling it a "politicized picture of economic activity." After all, China's economy struggled to regain traction after a brief spurt post-pandemic, disappointing investors. By the second half of the year, confidence had broken down entirely," wrote the Rhodium Group researchers.

Persons: underscoring, Beijing hasn't, —, Daniel H, Rosen, Rachel Lietzow, Lietzow, Xi Jinping, haven't Organizations: Stock, Beijing, Service, White, National Economic Council, National Security Council Locations: China, New York, Beijing

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