Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "CHALLENGES"


25 mentions found


After more than five decades at the forefront of United States foreign policy, President Joe Biden may have hoped to use his speech to over a hundred world leaders at the United Nations General Assembly in New York to burnish both his own legacy and the country’s leadership on the world stage. But an escalation in what was already a major crisis in the Middle East means the world will be listening for short-term solutions on top of capstone remarks on how his presidency will be regarded by history. Senior administration officials acknowledge that Biden, both in his remarks to the General Assembly and in engagements with world leaders, must confront that reality as Israel carries out extensive military strikes across Lebanon that so far have killed hundreds, including children, according to the Lebanese health ministry. But “peace efforts” – in the Middle East with concerns about a full-scale war breaking out between Israel and Hezbollah in Lebanon, on top of the conflict in Gaza, but also Ukraine – will take center stage, these officials say, highlighting the increasing instability that’s emerged in the last year. Read the full story.
Persons: Joe Biden, Biden, ” Biden, ” –, Ukraine – Organizations: United, United Nations General Assembly, General Locations: United States, New York, Israel, Lebanon, Gaza, Ukraine
President Joe Biden will address the United Nations General Assembly for the final time as commander in chief Tuesday morning amid the spiraling conflict in the Middle East, Russia’s ongoing war in Ukraine and growing global concerns about China’s influence. They are also Biden’s first remarks before the General Assembly since Hamas’ attack on Israel in October and the conflict that has ensued in Gaza, killing thousands of civilians. He’ll speak to the leaders of other nations as hope for a cease-fire deal between Israel and Hamas has dimmed. As Israel continues its battle with Hamas, its conflict with Iran-backed Hezbollah has also escalated in recent days. Other key speakers expected at the General Assembly include Iran’s new president, Masoud Pezeshkian; Ukrainian President Volodymyr Zelenskyy; Palestinian Authority President Mahmoud Abbas; and Israeli Prime Minister Benjamin Netanyahu.
Persons: Joe Biden, Kamala Harris, Donald Trump, Israel, John Kirby, Biden, ” Kirby, Kirby, António Guterres, Masoud, Volodymyr Zelenskyy, Mahmoud Abbas, Benjamin Netanyahu, Sabrina Singh, , Antony Blinken, , ” Biden, Trump Organizations: United Nations General Assembly, White, Hamas, National Security, U.N, United Nations, General Assembly, Palestinian, Defense Department, Foreign Ministry, Congressional Republicans Locations: Ukraine, Israel, Gaza, Iran, Lebanon, New York, Sudan, United States, U.S, Mexico, Ukrainian, Wilmington , Delaware, Australia, India, Japan, China, Afghanistan
CNN —An image of a peregrine falcon chasing a butterfly, a vulture feasting on a black bear and a surfing penguin are among the winning images of Bird Photographer of the Year 2024. “We create this impactful display to honor the lives lost and increase public awareness,” Homonylo said in a statement. Will Nicholls, director of Bird Photographer of the Year, told CNN that the competition allows people to view things they may not be able to see for themselves. The title of Young Bird Photographer of the Year was awarded to 14-year-old Spanish photographer Andrés Luis Domínguez Blanco for a vivid image of a nuthatch — a small bird similar to a woodpecker — scrambling down an oak tree in Grazalema in southern Spain. The images cover a huge range of species, environments and behaviors – some are comedic while others carry a serious message.
Persons: Patricia Homonylo, Homonylo, ” Homonylo, Will Nicholls, , Young, Andrés Luis Domínguez Blanco, Paul Sterry Organizations: CNN, Initiative, Awareness, Birds, BirdLife International, Bird Locations: Canadian, Toronto, Grazalema, Spain
The ratio of job openings to unemployed people — an indicator of job availability — has declined considerably over the past two years. As a Black man, Jared said he thinks it's likely he's also faced some discrimination on his job hunt. AdvertisementJared said he also suspects that being a Black man has sometimes worked against him during job interviews. AdvertisementInterviewing can be a difficult skill to masterA competitive job market and discrimination during the hiring process aren't the only reasons Jared thinks he's struggled to land a job. While Jared feels he has a pretty good handle on the job market challenges he's facing, he said that sometimes, certain developments can perplex him.
Persons: , Jared, he's, who's, What's, it's, George Floyd, haven't, wasn't, he'd, hadn't, I'm Organizations: Service, Business, LinkedIn Locations: New York, California
Why all eyes are on Intel now
  + stars: | 2024-09-24 | by ( Helen Li | ) www.businessinsider.com   time to read: +8 min
Read previewOnce a Silicon Valley leader, Intel has been a staple of the computer chip-making business for decades. Even if Qualcomm acquired Intel, it's unclear what it would do with its manufacturing operations. Which Intel lacked," tweeted Bryan Catanzaro, vice president of applied deep learning research at Nvidia, who previously worked at Intel as an intern on the Larrabee project. The CPUs that made Intel big now have presented what Logan Purk, senior analyst at Edward Jones, called "the inventor's dilemma," when newer technology replaces established incumbents. Mobile chipmaker Qualcomm approached Intel to acquire its chip-designing business and, later, a merger deal, Reuters and the Journal reported, respectively.
Persons: , Pat Gelsinger, Stacy Rasgon, Paul Otellini, Otellini, OpenAI, chipmaker, Habana, Intel's, Gaudi, Rasgon, Bryan Catanzaro, Logan Purk, Edward Jones, nipping, Purk, TSMC, Mobile chipmaker, Dan Morgan, Morgan Organizations: Service, Intel, Business, Wall, Journal, Qualcomm, VMware, Bernstein Research, Atlantic, Apple, Microsoft, Systems, Habana Labs, Nvidia, Companies, AMD, Samsung, Mobile, Mobile chipmaker Qualcomm, Reuters, Apollo Global Management, Bloomberg, Broadcom, Biden Locations: Arizona, Ohio, Nervana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman firms facing softer environment, Goldman Sachs Europe CEO saysGoldman Sachs Europe CEO Wolfgang Fink says German firms have a strong base despite challenges facing the country's economy.
Persons: Goldman Sachs, Wolfgang Fink
Read previewSo far, the generative AI race has been about who can build the most powerful models. Almost two years later, there are so many powerful AI models out there, it's no longer that special. Advertisement'Important but not critical'AWS CEO Matt Garman appears to be fine not having a fancy, home-grown AI model. "It'll be important but not critical," Garman said when asked about the importance of offering a top-performing first-party AI model. AGI teamThis doesn't mean Amazon has given up on building its own powerful AI model.
Persons: , Claude, Meta's, Matt Murphy, Anthropic, Murphy, ChatGPT, Patrick Neighorn, Amazon's, Andy Jassy, Matt Garman, Garman, Matt McIlwain, Brent Thill, Jefferies, Thill Organizations: Service, Google, Business, Microsoft, OpenAI, Gemini, Menlo Ventures, AWS, Intuit, Toyota, New York Stock Exchange, BI, Asia, Madrona Venture Group, Amazon Locations: Europe, Middle East, Africa, Asia Pacific, Japan, North America
"Today's policy measures are bold by historical standards," Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday. Stimulus measures don't address consumptionDespite the fanfare, analysts are divided over whether the moves that ease monetary policy constitute a massive "bazooka" stimulus. AdvertisementMost say the monetary easing policies don't address the lack of confidence contributing to depressed consumer spending. China has pulled out multiple support measures this year to shore up its economy and stock markets, but any kneejerk optimism has been shortlived. Advertisement"Overall, we feel today's measures are a step in the right direction, especially as multiple measures have been announced together rather than spacing out individual piecemeal measures to a more limited effect," Lynn Song, the Greater China chief economist at ING bank, wrote on Tuesday.
Persons: , Pan Gongsheng, Pan, Betty Wang, Wang, it's, Nomura, Lynn Song Organizations: Service, People's Bank of China, Business, Analysts, Oxford Economics, CSI, Nomura, ING Locations: Beijing, China, Greater China
At $1.14 trillion, Americans’ credit card debt is at a record high, according to data from the Federal Reserve Bank of New York. “While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” Trump said at a rally last week. You may not be able to count on your credit card for purchasesThe average American has racked up $6,500 in credit card debt, according to Experian data from the third quarter of last year. The reason: Interest rates are how credit card companies manage the risk that a customer won’t pay their credit card bill on time. Your favorite credit card rewards could be jeopardizedEven if you don’t currently have any credit card debt and have a top-tier credit score, you could be left worse off from a 10% credit card fee cap.
Persons: New York CNN —, Donald Trump’s, ” Trump, Republican Sen, Josh Hawley, Sen, Bernie Sanders, Alexandria Ocasio, Matt Schulz, , Schulz, Karoline Leavitt, ” Leavitt, Banks, Joe Biden’s, ” Schulz, Organizations: New, New York CNN, Federal Reserve Bank of New, Republican, CNN, Trump Locations: New York, Federal Reserve Bank of New York, Congress, Alexandria, Cortez
But Moscow doesn't appear ready to acknowledge that it's not in a financial position to cut Europe off from its natural gas exports completely. Russia's oil and gas revenues hit 8.82 trillion rubles, or $94.6 billion, in 2023. That's 24% lower than the 11.6 trillion rubles it recorded in 2022, when revenues jumped due to oil price volatility. In 2021, Russia's oil and gas sales revenue stood at 9 trillion rubles. To be sure, other geopolitical factors could also be playing into Russia's decision to keep natural gas exports moving into Europe.
Persons: , it's, Sergey Lavrov, Lavrov, It's, There's, Naftogaz Organizations: Service, Sky News Arabia, Russian, Business, West, P, Oxford Institute for Energy Studies, Bloomberg Locations: Moscow, Russia, Europe, United States, Ukraine, Nord, Ukraine's
U.S. President Joe Biden addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. But given the geopolitical backdrop for Biden's speech, there will be little time for victory laps. Since Biden's last UNGA address in September 2023, ongoing wars in Ukraine and Sudan have persisted, while long-simmering tensions in the Middle East have erupted into deadly conflicts. Still, the Biden administration regularly emphasizes its commitment to a ceasefire and hostage deal. "This is one of the advantages of the UN General Assembly: You literally have the whole world here," said the administration official, who was granted anonymity to preview the president's agenda.
Persons: Joe Biden, it's, Biden, they'll Organizations: General Assembly, United Nations General Assembly, UN, Assembly, Republicans Locations: New York City, U.S, East, Ukraine, Sudan, New York, China, Gaza, Russia, Nations
CNN —After more than five decades at the forefront of United States foreign policy, President Joe Biden may have hoped to use his speech to over a hundred world leaders at the United Nations General Assembly in New York to burnish both his own legacy and the country’s leadership on the world stage. “The world has changed, and the world’s gotten more difficult in many ways,” one senior administration official said. Election loomingIn New York, world leaders will find themselves grappling with the growing list of global flashpoints – all while an election just weeks away looms over the US’ role as the democratic world’s champion, benefactor and leading arms supplier. While Biden will be formally representing the US at the table, former president Donald Trump and Vice President Kamala Harris are separately meeting with world leaders to bolster relationships and outline their own goals. This will be followed by a meeting focused on Ukraine reconstruction with world leaders – a critical topic ahead of Biden’s meeting with Zelensky later this week.
Persons: Joe Biden, Biden, ” Biden, ” –, Ukraine –, Volodymyr Zelensky, , Donald Trump, Kamala Harris, , We’re, ” Ali Zaidi, Zelensky, Sheikh Mohamed bin Zayed Al Nahyan, we’re, Linda Thomas, Greenfield, Jon Alterman, ” Alterman, ” Thomas, Organizations: CNN, United, United Nations General Assembly, General, White House White, Global Coalition, United Nations, Hezbollah, UN Security Council, UN, Center for Strategic, International Studies, US, Biden Locations: United States, New York, Israel, Lebanon, Gaza, Ukraine, Lebanon’s, Russia, China, White, Vietnam, Southeast Asia, Australia, India, Japan, Wilmington, United Arab Emirates, Sudan, , Africa, Greenfield
'Europe will make it through once again,' says Euronext CEO
  + stars: | 2024-09-24 | 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 Email'Europe will make it through once again,' says Euronext CEOStéphane Boujnah, CEO of Euronext, discusses the challenges and opportunities that Europe faces in mantaining competitiveness and cohesion.
Persons: Stéphane Boujnah
Even so, the share of people working remotely and hybrid has ticked up in the last year, while those working from an office full-time declined, according to a new report. Another 11% say they work fully remotely, up from 7% in the last year, according to the report. The remaining 62% say they work from a physical office five days a week, down from 66% this time last year. It's "a surprise" to see remote and hybrid work increase slightly in what's shaping up to be "the year of the mandate," says Frank Weishaupt, CEO of Owl Labs. But hybrid workers continue to face challenges in what they want versus what their employers require.
Persons: Frank Weishaupt Organizations: Amazon, Citigroup, Walmart, UPS, Owl Labs
Since October 8, the day after Hamas’ deadly attack on Israel, there has been regular cross-border fire between Hezbollah and the Israeli military. Hezbollah first fired at Israel to protest the war in Gaza, demanding a ceasefire there as a condition to end its attacks. Should Israel enter full-scale war with Hezbollah, experts say it will face a much stronger threat than Hamas – and commensurate costs. “It’s devastating on the Israeli economy, on Israeli society,” Guzansky said, adding that the impacts will live on for years to come. Domestically, while Israelis showed a greater appetite for fighting at the outset of the Gaza war, polls show that domestic support has waned over the last months.
Persons: Israel, , , Yoel Guzansky, Tsur Shalom, Abbas Ahmad Srour, Mohammad Hussein Kassem, Chris McGrath, Hassan Nasrallah, ⁠ Behnam Ben Taleblu, ” Ben Taleblu, Mizrahi, ” Orna Mizrahi, ” Mizrahi, Yoav Gallant, Guzansky, Netanyahu, Mostafa Alkharouf, ” Guzansky, , Lebanon's, Jack Guez, Amir Yaron, That’s, Moody’s Organizations: CNN, Hamas, Israel, Institute for National Security Studies, National Security Council, Reuters, Military, Ramat, Foundation for Defense of Democracies, Washington DC, IDF, Israel Defense Forces, Israeli, Division, Getty, Organization for Economic Cooperation, Development, Lebanon's Hezbollah, Bank, Israel Democracy Institute Locations: Gaza, Israel, Lebanon, Tel Aviv, Kiryat, Moreshet, Haifa, Aita al Chaab, Israel’s, Iraq, Yemen, , Ramat David, Lebanese, Iran, , Anadolu, Independence, Kiryat Bialik, AFP
Before starting my own company, I worked in HR for 20 years and spent time in employment law. For example, "I don't need help, just a listening ear for a minute and some reassurance that it gets easier." To be a great employee, you don't have to have every solution, but showing ownership and having ideas can help solve the problem much more quickly. When you're a good team player, your manager is more likely to fight for you to stay on their team. It's important to remember that sometimes, these decisions are out of your control, but displaying good traits can strengthen your case.
Persons: , Ashley Herd, doesn't, I'm, Lauryn Haas Organizations: Service, Business, lhaas Locations: Atlanta
CNN —The company that built and operated the Titan submersible asked employees to forego their pay as it faced economic challenges, according to former employees testifying before the US Coast Guard panel probing the vessel’s deadly implosion last year. OceanGate employees were asked to “defer our paychecks” at the start of 2023, Amber Bay, the company’s former director of administration, said Tuesday as part of a two-week hearing before the Marine Board of Investigation – the highest level of Coast Guard inquiry. The board is reviewing the cause of the June 2023 implosion during the submersible’s dive to the Titanic, which claimed the life of OceanGate CEO Stockton Rush and four others. Members of the Coast Guard's Titan Submersible Marine Board of Investigation listen during the hearing inside the Charleston County Council Chambers on September 23, 2024, in North Charleston, South Carolina. Lochridge raised safety concerns about the company’s operations, he testified, saying he had “no confidence whatsoever” in how the Titan was built.
Persons: , Amber Bay, , Rush, Phil Brooks, OceanGate’s, Brooks, Laura Bilson, OceanGate, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, David Lochridge, Lochridge, ” Lochridge, CNN’s Ray Sanchez Organizations: CNN, Titan, US Coast Guard, Marine Board, Investigation, Coast Guard, Stockton Rush, Everett, Marine, Chambers, NTSB Locations: Amber, ” Bay, Stockton, Washington, paychecks, OceanGate, Charleston County, North Charleston , South Carolina, Rush
Read previewDown rounds and flat rounds for VC-backed startups have hit an all-time high this year since 2014. And AI startups, which have been the darlings of the tech ecosystem since late 2022, aren't exempt from the trend. The deal was seen by some investors as an omen for a wider phenomenon in the AI ecosystem — an impending wave of flat rounds and down rounds. "Investors went crazy for AI startups with zero revenue, at higher valuations, which will be an issue," said Umesh Padval, managing director at Thomvest Ventures. Down rounds are on the riseIn 2022, 90.2% of AI startups in the US raised up rounds, while 6.5% raised down rounds, according to PitchBook data.
Persons: , we've, Andreas Riegler, Umesh Padval, Padval, Francesco Ricciuti Organizations: Service, Microsoft, Business, Big Tech, APEX Ventures, Jasper, Google, Thomvest Ventures, Runa Locations: London
Prosecutors have already charged Ryan Wesley Routh with two firearms offenses, and a federal magistrate judge on Monday ordered him detained pending further court proceedings. The attempted assassination charge is “pretty rare,” according to former FBI Deputy Director Andrew McCabe, a CNN senior law enforcement analyst. But it has been used in other high-profile attempted assassination cases, such as that of a man charged with traveling to Brett Kavanaugh’s Maryland home with a gun, burglary tools and other equipment in an apparent attempt on the Supreme Court justice’s life. To prove their case, prosecutors would have to convince a jury that Routh took affirmative steps to carry out a plot to kill the former president. Ron DeSantis said last week that the state “will be conducting its own investigation regarding the attempted assassination at Trump International Golf Club.” Routh has not been charged in state court.
Persons: Donald Trump, Mark Dispoto, Ryan Wesley Routh, Andrew McCabe, Brett Kavanaugh’s, Routh, , David Aaron, Trump, “ It’s, ” Aaron, ” McCabe, “ don’t, , Aaron, Ron DeSantis, ” Routh, McCabe, They’re, ” CNN’s Holmes Lybrand Organizations: CNN, US Department of, Justice Department, United, Prosecutors, ” Former Justice Department, Justice, Florida Gov, Trump International Golf, Republican Locations: United States, Brett Kavanaugh’s Maryland, Florida
HONG KONG — Xavian Wu, Hong Kong’s first high-profile transgender singer-songwriter, sought to use the city’s annual LGBTQ Pink Dot HK carnival on Sunday to share his story through music. I don’t want to hide,” Wu told Reuters. He started enjoying music and performing when he was a teenager. After seeking medical advice, he started taking testosterone in 2018 and finished top surgery in Thailand in 2020. Wu said he was incredibly fortunate to have his mother accompany him to Thailand and support him.
Persons: Xavian Wu, Hong Kong’s, Wu, ” Wu, , women’s, Music Organizations: Dot, Reuters Locations: HONG KONG, Hong Kong, Thailand
SEOUL, South Korea (AP) — As the plane descended into Seoul, Robert Calabretta swaddled himself in a blanket, his knees tucked into his chest like a baby in the womb. The South Korean government has accepted a fact-finding commission under pressure from adoptees, and hundreds have submitted their cases for review. Western governments turned a blind eye, sometimes even pressuring South Korea for children, while promoting the narrative that they were saving orphans with no other options. Robert Calabretta, right, and his biological father, Lee Sung-soo, during a visit in Daegu, South Korea, in August 2020. Laurie Bender was approached by a strange woman while playing in the front yard in South Korea in 1975.
Persons: Robert Calabretta swaddled, they’d, , , , doesn’t, Robert Calabretta, Lee Sung, Calabretta, “ You’re, Patricia Nye, ” Nye, Holt, weren’t, ” Michaela Dietz, Robyn Joy Park, Rae, hasn't, Jae, Lee, ” Lee, Lee Moo, wasn’t, David Goldman, she’d, Laurie Bender, Bender, Han Tae, Philsik Shin, Helen Noh, Noh, ” Noh, he’d, Susan Soonkeum Cox, Kim Jin Sook, Francis Carlin, ” Carlin, , Carlin, ” Bender, you’ve, Han Organizations: The Associated Press, South, AP, Frontline, International Social Service, University of Minnesota, ISS, BBC, , Holt Children’s Services, Eastern Social Welfare Society, Korea Welfare Services, Korea Social Service, Records, Health Ministry, Red Cross Hospital, U.S, Korea’s Anyang University, Seoul’s Soongsil University, Holt International, Catholic Relief Services, South Korean, FRONTLINE, PBS Locations: SEOUL, South Korea, Seoul, United States, South, Western, adoptees, U.S, Australia, Daegu, Korean, West, Korea, Geneva, , Asia, Europe, North America, Pasadena , Calif, Boryeong, American, New York, , Oregon, Holt, Holt Korea
Two reports released Monday provide a mixed but compelling outlook on the wave of book removals and challenges as the annual Banned Books Week begins for schools, stores and libraries nationwide. The ALA attributed the decline in book challenges in the first eight months of 2024, in part, to the work of anti-censorship activists and “success in courts” against laws that restrict book access. “But, you know, the First Amendment protects the rights of minors as well.”While the ALA’s report shows signs of book challenges abating, objections to certain titles still persist. Like the ALA, PEN said a large portion of the books targeted have racial or LGBTQ themes. It is supported by the ALA, PEN, the Authors Guild, the National Book Foundation and more than a dozen other organizations.
Persons: , ” Deborah Caldwell, Stone, ” Caldwell, Toni Morrison’s “, Maia Kobabe’s, George M, shouldn’t, abating, Judy Blume, Margaret Atwood, , Kasey Meehan Organizations: American Library Association, PEN, Intellectual, Labor, ALA, , NBC, New College of Florida, Utah State Board of Education, Read, Book Foundation Locations: PEN America, Florida and Iowa, United States, Nassau County , Florida, Utah, Florida
While GM has withdrawn most of its previously announced electric vehicle targets, the automaker believes its EV sales momentum is finally building thanks to an expanding lineup of all-electric vehicles — spanning a price range of roughly $35,000 to more than $300,000. GM sold nearly 21,000 EVs in the U.S. in July and August — almost matching its full second-quarter EV sales. GM’s EV sales through August were up about 70% compared with a year earlier. It still remained more than 20,000 units shy of Hyundai/Kia EV sales through last month. Growing EV lineupGrowing EV lineupGM currently offers eight “Ultium-based” EVs for consumers — referring to its electric vehicle architecture and battery technologies.
Persons: WARREN, Mary Barra, Elon Musk’s, ” Rory Harvey, , ” Harvey, GM’s, Tesla, Harvey, , Stephanie Brinley, ” Brinley, EVs, ” “, ‘ Butts, Barra, carmaker Organizations: General Motors, Detroit, U.S, GM, Elon Musk’s carmaker, Hyundai, Kia, Ford, CNBC, Detroit automaker, Motor Intelligence, EV, P, ” Cox Automotive Locations: Mich, North America, U.S, Detroit, Barra, U.K, , EVs
Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.
Persons: Donald Trump, Trump, , Hillary Clinton, Chris Christie, They've, , Max Stier, it’s, ” Stier, Kamala Harris, Harris, , ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, , President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama
The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.
Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu
Total: 25