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☆ Gold steady as focus turns to U.S. inflation data
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: +2 min

Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. Spot gold was flat at $2,350.85 per ounce, as of 0350 GMT, after rising about 1% in the previous session. Fed meeting minutes released last week showed that the policy response, for now, would involve maintaining the benchmark policy rate at its current level but also reflected discussions of possible further hikes. Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold.

Persons: Kelvin Wong, Wong Organizations: Asia Pacific, Fed Locations: U.S, OANDA

☆ Vietnam’s vintage 1960s steam locomotives are back on the rails
▼ + stars: | 2024-05-27 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

CNN —Train enthusiasts and history buffs alike will soon have a new Southeast Asian destination to visit, as Vietnam prepares to unveil a revamped pair of vintage steam locomotives from the 1960s. The two Revolution Express locomotives are the last working steam trains in Vietnam, dating from when the country was still a French colony, according to hospitality brand Wafaifo Optimisers, which is managing the project. In recent years, the trains have been slowly restored to working condition using original parts, and crafted by the last remaining steam engineers working for the national railway system. Wafaifo & Revolution ExpressVietnam declared its independence from France on September 2, 1945 – a claim that neither France nor the United States recognized. By 1954, Vietnam signed the Geneva Accords – splitting the country into two halves, the Communist-led north and US-supported south, and kicking off the bloody Vietnam War, which would last nearly two decades.

Persons: Wafaifo Optimisers, Wafaifo, ”, Michael Gebbie Organizations: CNN, Revolution, Lang Co, Indochina Rail Tourist Service, Revolution Express, Geneva Accords, Communist, UNESCO Locations: Vietnam, Da Nang, Hue, Lang, Lang Co, Indochina, Revolution Express Vietnam, France, United States, Saigon, Chi Minh City

☆ Bill Walton, basketball Hall of Famer and colorful commentator, dies of cancer at 71
▼ + stars: | 2024-05-27 | by ( Kevin Dotson | Eric Levenson | ) edition.cnn.com time to read: +5 min

CNN —Bill Walton, the basketball Hall of Fame center who won two national titles at UCLA, two NBA championships in Portland and Boston and later put the “color” in color commentator, died Monday following a prolonged battle with cancer, the National Basketball Association announced. “Bill Walton was truly one of a kind,” NBA Commissioner Adam Silver said in a statement. He was named the NBA Finals Most Valuable Player in that playoffs, and the next season he was named the NBA’s regular season MVP. Boston Celtics Bill Walton battles Los Angeles Lakers Kareem Abdul-Jabbar during the 1985 NBA Finals. I am the luckiest guy on earth.”NBC basketball announcers Bill Walton and Marv Albert pose before the start of Game 4 of the NBA Finals in East Rutherford, New Jersey, on June 12, 2002.

Persons: Bill Walton, Walton, “ Bill Walton, Adam Silver, “ Bill, John Wooden, Wooden, Robert Parish, Kevin McHale, Boston Celtics Bill Walton, Los Angeles Lakers Kareem Abdul, Jabbar, Bob Riha, It’s, ”, I’ve, I’d, Marv Albert, Mike Blake, Jay Blakesberg, Bill Walton’s, ” Mick Cronin, it’s Organizations: CNN, of Fame, UCLA, NBA, National Basketball Association, Fame, Bruins, Portland Trail Blazers, San Diego, Los Angeles Clippers, Boston Celtics, Houston Rockets, Los Angeles Lakers, Naismith, Basketball Hall of Fame, NCAA, ESPN, NBC Locations: Portland, Boston, Vietnam, East Rutherford , New Jersey, Santa Clara , California

☆ Bill Walton, one of basketball’s most eccentric characters, dies at 71
▼ + stars: | 2024-05-27 | by ( Jason Quick | ) www.nytimes.com time to read: +15 min

There was the satisfaction and appreciation of a team coming together to win the 1977 NBA title. The next day, before a Trail Blazers home game, Walton explained his emotions to a group of reporters. I regret the circumstances in which I left the Portland Trail Blazers’ family. “The Portland Trail Blazers deplore Bill Walton’s statement calling for the rejection of the United States Government. “And you are never the same again.”Related reading(Top photo of Bill Walton: NBA Photos / Getty Images)

Persons: Bill Walton, Walton, Adam Silver, Bill, Bill’s, Lori, Adam, Nate, Luke, Chris, ”, ” Walton, “, Ted Kulongoski, it’s, Jack Ramsay, Hank Delespinasse, Robert Parrish, Ricky Pierce, Eddie Johnson, Larry Bird, Kevin McHale, Steve James, Bird, Walton . Bird, James, ” James, Dave Twardzik, Tom Shanahan, don’t, Jack, Micki Scott, Patty Hearst, Walton’s, Herman Sarkowsky, Larry Weinberg, Harry Glickman, Bill Walton’s, Arthur Ashe, Kareem Abdul, Jabbar, Bill Russell, Muhammad Ali …, White, Hal Bock, …, Marty Glickman, —, Bill Walton's, Sir Isaac Newton’s, Fabricio Roberto, you’ve, Taylor, ” “ John Stockton Organizations: Fame, NBA, UCLA, Portland Trail Blazers, Boston Celtics, Naismith Hall of Fame, Blazers, The Athletic, Trail Blazers, Celtics, NCAA, Memphis State, Florida State, Getty, Philadelphia, Portland, LA Clippers, Sixth, Walton, Athletic, Associated Press, Wilshire, FBI, Scotts, Symbionese Liberation Army, United, United States Government, National Basketball Association, “ Sports, The Associated Press, New York Knicks, Prime Ticket Network, NBC, ABC, CBS, FOX, ESPN, Turner Sports Locations: La Mesa, Calif, Portland, Oregon, “, Blazermania, Los Angeles, Vietnam, United States, San Francisco, Walton, Utah, America

☆ She kissed a woman on the Trans-Siberian Railway 32 years ago. Then she flew across the world to find her
▼ + stars: | 2024-05-24 | by ( Francesca Street | ) edition.cnn.com time to read: +16 min

The bus was ferrying travelers to the train station to board the Trans-Siberian railway. Like Marie-Claire, Elaine had been working in Japan for a while, teaching English. Flirting in MongoliaMarie-Claire and Elaine were strangers who happened to be both traveling via the Trans-Siberian railway. She also shared the news with her extended network of New York friends. Elaine, Marie-Claire and their son Marcello have a family motto, based around their shared initials, EMC.

Persons: CNN — Marie, Claire Martineau couldn’t, Elaine Comerford, Marie, Claire, Elaine, ’, Elaine broached, they’d, “, Claire couldn’t, ” Marie, they'd, Claire Martineau Marie, who’d, ”, she’d, That’s, ” Elaine, “ Marie, Wolfgang Kaehler, we’d, Steve, ” Here's Marie, Claire Martineau, you’ve, Elaine didn’t, weren’t, Diane, “ Diane, ‘ Let’s, She’d, Claire’s, –, Marie Claire, Marcello, Here's Marie, “ We’ve, We’ve, we’ve, Anna Maria, Cliare, it’s Organizations: CNN, CNN Travel, Queens, Maison Internationale, EMC Locations: France, Japan, Europe, Eastern Europe, Budapest, Vienna, Boston , Massachusetts, Boston, New York City, Marie, New York, Beijing, China, Moscow, Mongolia, Russia, Asia, Mongolia Marie, Siberia, Germany, Turkey, Greece, Hungary, ”, Austria, Manhattan, Queens, Midtown, –, Provincetown , Massachusetts, Thailand, Vietnam, Colombia, Ecuador, United States, Anna Maria Island , Florida, Florida

☆ The US Air Force's newest stealth bomber offers hope amid America's shrinking bomber fleet
▼ + stars: | 2024-05-24 | by ( Mackenzie Eaglen | ) www.businessinsider.com time to read: +7 min

Read previewThe loss of a B-2 Spirit bomber due to fire and its subsequent retirement highlights the fragility of the US Air Force's bomber fleet. A US Air Force airman poses in front of a B-2 Spirit at Whiteman Air Force Base Missouri. Pictures From History/Universal Images Group via Getty ImagesThe B-21 Raider bomber is criticalThere is a silver lining to America's bomber fleet decline in the B-21 Raider. US Air Force photoWashington must recognize the strategic failure of a small and antiquated bomber fleet. Facilitating the on-time deployment of the next generation bomber cannot come too soon in order to restore the size and strength of America's bomber fleet.

Persons: —, Sheila deVera, Sadie Colbert, Austin McIntosh, America's Organizations: Service, US Air Force's, Raider, Business, Joint Base Elmendorf, Richardson , Alaska . US Air Force, Pentagon, Air Force's, US Air Force, Whiteman Air Force Base Missouri, Staff, Air Force, Air, Ship Missiles, Ellsworth Air Force Base, Senior, US Air Force Boeing, Getty, White, Congress Locations: Richardson , Alaska, United States, South Dakota, Vietnam, Palmdale , California

☆ Opinion: What Alito’s flag controversies say about the Supreme Court
▼ + stars: | 2024-05-23 | by ( Julian Zelizer | ) edition.cnn.com time to read: +6 min

CNN —If Chief Justice John Roberts is really an institutionalist — someone deeply concerned about the integrity of the Supreme Court and public perceptions about it — then he has a big problem on his hands. The discovery also comes at a time when the Supreme Court will be making a decision about Trump’s claims of sweeping presidential immunity, his get-out-of-jail-free card for the federal cases he faces. The notion that the Supreme Court can be trusted to be an arbiter above partisan politics has suffered major blows in recent years. Supreme Court decisions have not been the only issue. The Alito flag controversy is another blow to the image of the court.

Persons: Julian Zelizer, ”, John Roberts, —, Samuel Alito —, Donald Trump, Alito, Alito hasn’t, Trump, SCOTUS, “, Dobbs, Roe, Wade, Clarence Thomas ’, Virginia Thomas, Thomas ’, Roberts, George W Organizations: CNN, Princeton University, Twitter, Supreme, New York Times, Jackson, Health, Annenberg Public, Center, Pew Research Center, Republican Locations: New Jersey, Virginia, Vietnam, Florida

☆ From ‘The Sympathizer’ to ‘Past Lives,’ American Audiences Warm to Subtitles
▼ + stars: | 2024-05-23 | by ( Brandon Yu | Alice Fang | ) www.nytimes.com time to read: +6 min

In Hollywood today, not only are Asian and Asian American narratives more prominent than ever, but they are also being told in increasingly dynamic ways through the artful use of Asian languages. The sequence is emblematic of a significant shift in how Asian languages are featured in American film and TV. Marvel” (2022) and “American Born Chinese” (2023) — that use Asian languages to bring additional depth and nuance to their stories. “The trend has shifted.”It’s a startling evolution from how Asian languages have typically appeared on American screens. The internet’s broad entertainment ecosystem has also diversified the American media palate.

Persons: ”, —, sheepishly, “, Robert Downey Jr, Bong Joon, Bong Joon Ho, Sharon Choi, Paul Drinkwater, Pachinko ”, Marvel ”, Minjeong Kim, Don McKellar, ” McKellar, ” “, ” Hopper Stone, ” Kim, Bela Bajaria, Lupin, helming, Lulu Wang, ’ Organizations: Communist, Hollywood Vietnam, Globe, Golden Globe, NBCUniversal, Getty, Center, Asian, Pacific Studies, San Diego State University, HBO, YouTube, Netflix, Spanish Locations: Hollywood, Vietnam, Hong Kong

☆ The B-52 shot down Vietnamese fighter jets in historic dogfights. Here's how the US Air Force plans to keep its oldest bomber in the skies for over a century.
▼ + stars: | 2024-05-23 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +5 min

AdvertisementA North Vietnamese student pilot in the cockpit of a non-flying MiG-21 fighter jet trainer with a flight instructor. Only one other B-52 tail gunner had scored a successful kill against a Vietnamese fighter, though more than 30 B-52s had been shot down throughout the conflict. In fact, the first time a B-52 had ever shot down a MiG had only happened a few days prior. A US Air Force B52 bomber unleashes its bomb load over Vietnam. The kill was confirmed by another tail gunner named Tech.

Persons: —, Diamond Lil, Albert Moore, Moore, Clarence Chute, Chute, Read, Bill McRaven's Organizations: Service, Boeing, Business, Getty, MiG, US Air Force, Air Force, republication, Sandboxx News, Navy SEAL Locations: Vietnam, United States, Vietnamese, Thai, Soviet, Iraq, Afghanistan

☆ JPMorgan says China can't be ignored: 'you have to do business there'
▼ + stars: | 2024-05-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

"You can't ignore it, you have to do business there, even if you decide not to do business there, you need to understand what's going on," Leenart said, adding that what happens in China "influences every industry around the world." In terms of purchasing power parity, China currently accounts for 19% of global GDP and 48% of Asia's GDP . China is too big to be sidelined, and investors "have to do business there," JPMorgan Asia Pacific CEO Sjoerd Leenart said Thursday, adding that the country had emerged as the second world power. Given how extensively China is linked with the region, Leenart emphasized that there needs to be "good activity" in China in order to have a buoyant investment banking business. "I think that [China] have a lot to sell to the world, and that product will be needed all over the world," said Leenart, adding that he sees a lot of opportunity in China.

Persons: Leenart, CNBC's, Sjoerd Leenart, We've Organizations: JPMorgan Chase &, CNBC's Sri, Global China Summit, JPMorgan Asia Pacific, Investors, China's National Bureau of Statistics, Reuters, Wilson Locations: New York, United States, China, CNBC's Sri Jegarajah, Shanghai . China, Asia, Japan, South Korea, Taiwan, Vietnam

☆ Power Struggle in Vietnam Brings Third President in Less Than 2 Years
▼ + stars: | 2024-05-21 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

A powerful security official was named president of Vietnam on Wednesday, the third person in the job in less than 18 months amid jostling ahead of a generational change in leadership. On Monday, lawmakers approved the nomination of Tran Thanh Man, 61, as the chairman of the National Assembly. Consequently, both General Lam and Mr. Man could be in the running to replace Nguyen Phu Trong, who has been the party chief for the past 13 years. Mr. Trong, 80, is serving an unprecedented third five-year term as leader after he was re-elected in 2021. The succession vacuum has led to an intense power struggle in Vietnam — which was once known for its stable and scripted politics — ahead of the next leadership transition in 2026.

Persons: Lam, Tran, General Lam, Nguyen, Trong Organizations: Vietnamese Communist Party, National Assembly Locations: Vietnam, Tran Thanh

☆ Bill Gates names his top book recommendations of the summer—and the one that's a 'must-read'
▼ + stars: | 2024-05-21 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

"I didn't intend to go deep on the idea of service, but it's certainly as relevant today as ever," Gates wrote. 'The Women,' by Kristin HannahHannah's bestseller, released in February, is a work of historical fiction set during the Vietnam War. In his new book, Anderson argues "that we need to expand our definition of generosity," Gates wrote. "Oldman plays the head of Slough House, who's basically the polar opposite of James Bond," wrote Gates. "More than a guide to better conversations, it's a blueprint for a more connected and humane way of living," Gates wrote.

Persons: Bill Gates, David Brooks, Gates, it's, Kristin Hannah Hannah's, Frances McGrath, I've, Hannah, Nightingale, Chris Anderson, Anderson, Mick Herron, Jackson Lamb, Gary Oldman, Oldman, who's, James Bond, Sal Khan, Khan, Melinda Gates, Sal, Brooks Organizations: Microsoft, New York Times, Army, Corps, TED, Apple, Slough House, Khan Academy, Melinda Gates Foundation, CNBC Locations: Vietnam, Slough

☆ Raisi helicopter crash: Some in Iran claim US sanctions to blame but the truth may be more complicated
▼ + stars: | 2024-05-21 | by ( Nic Robertson | ) edition.cnn.com time to read: +5 min

CNN —Even before Iran’s army chief Mohammad Bagheri ordered an investigation into the helicopter crash that cost the Islamic Republic the lives of two of its top politicians, blame was being laid at America’s door. People mourn the death of President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian in a helicopter crash the previous day, at Valiasr Square, on May 20, 2024 in Tehran, Iran. The next question might be, knowing the weather was bad and having three helicopters on the journey, why put both president and foreign minister in the same aircraft? Former Foreign Minister Zarif would want the world to believe Iran’s technological core has been hollowed out by US sanctions, but that allegation too is tainted by hubris. Iran’s presidents are not idle, they need to go places.

Persons: Mohammad Bagheri, Ebrahim Raisi, Javad Zarif acidly, Abdulkadir Uraloglu, Raisi –, Hossein Amir, Abdollahian, Malek Rahmati, Mohammed Ali Alehashem –, Ilham Aliyav, Majid Saeedi, Yemen’s Houthis, AKINCI, Ali Khamenei, –, Russia –, Zarif, Raisi Organizations: CNN, Islamic, Bell, Turkish Transport, Revolutionary Guard Corps, Former Locations: Islamic Republic, America’s, United States, Iran, Vietnam, Azerbaijan, Tabriz, Tehran, Turkish, Russia, Ukraine, Turkey

☆ Federal regulators are investigating fatal crash of VinFast EV
▼ + stars: | 2024-05-21 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Federal regulators are investigating a California crash that killed four occupants who rode in a VinFast electric SUV, which had automated steering features the owner had earlier complained about. Someone claiming to be the vehicle’s owner filed the complaint. The SUV was being driven by one of the owner’s coworkers with the coworker’s family when the fatal crash occurred, according to the complaint. The vehicle owner had complained about the performance of the SUV’s automated steering, although it’s not clear if that was a factor in the crash. It’s not clear if the vehicle’s Advanced Driving Assistance features were involved in the fatal crash.

Persons: it’s, It’s Organizations: CNN, NHTSA, Ford, Media, Investigations Locations: California, Vietnam

☆ How I built a billion dollar coffee company called Kopi Kenangan
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com time to read: +12 min

And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.

Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian

☆ Opinion: Why Julian Assange’s fate matters
▼ + stars: | 2024-05-19 | by ( Opinion Alan Rusbridger | ) edition.cnn.com time to read: +7 min

A determined American journalist, let’s call her Gillian, is sleuthing away at a story about India’s nuclear weapons program. Though Gillian is based in London, when she finally gets to publish her story, the Indian government is bent on revenge. Is Washington going to stand idly by and meekly accept the possibility of an American journalist languishing in an Indian jail? The clue is in the inverted commas around “journalist.” To my mind, Julian Assange is in some ways recognizably a journalist. However, to many journalists Assange is not a proper “journalist,” and they can’t really see what his fate has to do with theirs.

Persons: Alan Rusbridger, Read, let’s, Gillian, Alan Rusbridger Simone Padovani, meekly, Julian, He’s, ”, —, there’s, Julian Assange, Assange, Stephanie Lecocq, Hillary Clinton, Clinton, El País, Der Spiegel —, Chelsea Manning, Sarah Ellison, ” Clinton, Manning, Barack Obama’s, Iraq —, ’, It’s, John Podesta, Richard Nixon, Daniel Ellsberg —, Edward Snowden, Daniel Ellsberg, Wally Fong, Anthony Albanese, Joe Biden Organizations: Prospect Magazine, CNN, Guardian, WikiLeaks, Court, la Republique, Reuters, New York Times, US Army, Apache, US, Washington Post, The New York Times, Pentagon, Australian Locations: American, London, Delhi, Washington, la, Paris, Kenya, Iran, El, Le, Afghanistan, Iraq, Vietnam, Los Angeles

☆ Colleges started ending academic years earlier in the 1970s to avoid 'protest weather'
▼ + stars: | 2024-05-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

One expert said colleges end the year earlier in the Spring now in part to avoid "protest weather." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Pro-Palestinian demonstrations have erupted at universities across the country in recent weeks, prompting harsh responses from some college administrators. The University of Southern California and Columbia University, most notably, called in the police to clear protest camps. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, The University of Southern, Columbia University, Police, Business Locations: Vietnam, The University of Southern California, California, Irvine

☆ Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +2 min

Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Two senior foreign officials interviewed by Reuters directly linked the administrative hurdles to the "blazing furnace" anti-graft drive, echoing similar comments from other diplomats and officials in recent months. The anti-graft drive has created a sort of paralysis, in which bureaucrats are slow to approve or advance initiatives because they fear accidentally violating complex regulations. The U.N. and the World Bank said they kept working closely with the government on projects, with the U.N. acknowledging in a statement to Reuters that there were "challenges" for the use of funding.

Persons: Pham Minh Chinh Organizations: United Nations, World Bank, Reuters, European Union, Japan, Asian Development Bank Locations: Vietnam, Communist, United States

☆ Opinion: A Russian weapon could wipe out US space edge
▼ + stars: | 2024-05-15 | by ( Clayton Swope | ) edition.cnn.com time to read: +7 min

Here, the NanoRacks-Remove Debris satellite is deployed from the International Space Station in 2018. Before revelations about Russia’s development of a nuclear anti-satellite weapon, there had been indications of global recognition that the use of certain space weapons was bad for everyone. The proposed defense budget for 2025 does not reflect the scale and urgency of the need to counter space threats and protect space systems. Learning how to operate satellites in a space environment clogged with debris or increased radiation caused by a space weapon is also important. We need a two-pronged effort to prepare for the worst: Double down on efforts to protect and maintain access to space in a hostile space environment and consider how to operate without space.

Persons: Clayton Swope, Mike Turner, Estonia’s, —, Vassily Nebenzia, Frank Herbert’s Organizations: Aerospace Security, International Security, Center for Strategic, International Studies, CIA, CNN, Clayton, Clayton Swope Center, Strategic, United, US, Intelligence, Ohio Republican, International Space Station, NASA, GPS, Finnair, United Nations, UN, Twitter Locations: Washington , DC, Russian, United States, Russia, Ohio, Vietnam, Guadalcanal, Iwo Jima, Tartu, China, Moscow

☆ Morgan Stanley says these stocks could win as U.S.-China trade tensions resurface
▼ + stars: | 2024-05-15 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The Biden administration's decision to impose tariffs on $18 billion worth of imports from China could help a handful of stocks break out, according to Morgan Stanley. Stocks that are poised to benefit include U.S. automakers Ford and General Motors , as well as solar panel manufacturer First Solar . Morgan Stanley maintains an overweight rating on First Solar stock. GM YTD mountain General Motors stock. Morgan Stanley maintains an overweight rating on both Ford and GM.

Persons: Morgan Stanley, Laura Sanchez, Sanchez Organizations: Biden, White, U.S, Ford, General Motors, Wall, Department of Commerce and International Trade Commission, GM Locations: China, Cambodia, Malaysia, Thailand, Vietnam

☆ Barry Romo, Decorated Vet Who Turned Against the VietnamWar, Dies at 76
▼ + stars: | 2024-05-15 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Barry Romo, whose combat experiences in Vietnam led him to become a leading antiwar activist who threw his medals onto the Capitol steps during a demonstration by veterans, died on May 1 in Chicago. His death, in a hospital, was caused by a heart attack, said Roberto Clack, a friend and colleague. Mr. Romo was a strong supporter of the war when he arrived in Vietnam as a second lieutenant in the U.S. Army in 1967 — but within four years, he was a leader of the group Vietnam Veterans Against the War. In early 1968, he fought during the Tet offensive. The intensity of enemy fire kept Bobby’s body sitting in the sun for 48 hours until it could be retrieved.

Persons: Barry Romo, Roberto Clack, Mr, Romo, Bobby Romo Organizations: Capitol, U.S . Army, Vietnam Veterans, Star Locations: Vietnam, Chicago, Tam Ky Province, Dong Ha, North Vietnam

☆ The Vietage: New luxury train route in Vietnam offers stunning coastal views, afternoon tea
▼ + stars: | 2024-05-14 | by ( Karla Cripps | ) edition.cnn.com time to read: +4 min

The first “The Vietage by Anantara” luxury train carriage launched in 2020 – a six-hour journey connecting Da Nang and Quy Nhon. Courtesy Anantara“The main difference is that the new route connecting Nha Trang and Quy Nhon passes through many more coastal areas than the journey between Da Nang and Quy Nhon,” says Jones. For the six-hour journeys between Da Nang and Quy Nhon, passengers are served a pre-ordered three-course gourmet meal. The Quy Nhon-Nha Trang route includes an afternoon tea set. The original route departs from Da Nang Train Station at 8 a.m., arriving at Quy Nhon’s Dieu Tri Station at 2:03 p.m.

Persons: –, Kate Jones, ”, Jones Organizations: CNN, Dieu Tri Train Station Locations: Vietnam, Na Trang, Da Nang, Quy, Nha Trang, Trang, Thevietagetrain.com, Dieu Tri, Quy Nhon, Quy Nhon’s Dieu Tri, Southeast Asia

☆ US Air Force's F-22 Raptors lost to German Eurofighters in mock dogfights, but the verdict on the superior jet isn't as simple
▼ + stars: | 2024-05-14 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +29 min

German Air Force Eurofighter Typhoon fighter jets fly during a media day. Piroschka van de Wouw/ReutersDespite their generational differences, the F-22 Raptor and Eurofighter Typhoon actually have a number of things in common. A German air force Eurofighter Typhoon taxis toward the runway at Eielson Air Force Base in Alaska before departing for a combat-training mission, June 11, 2012. So what's the verdict between the F-22 Raptor and Eurofighter Typhoon? A composite image showing a German air force Eurofighter Typhoon jet and a US Air Force F-22 Raptor.

Persons: …, Valerie R, David Cenciotti's, Piroschka van de Wouw, it's, Randy Gordon, Sam Eckholm, doesn't, Rich Wells, Thomas Wiegold, John P, Michael Holzworth, It's, Marc Gruene, haven't, Gruene, isn't, Jens Stoltenberg, Bernd Wüstneck, Eurofighters, Chris Jung, That's, Eric Wicklund, Erich Hartmann, He's, Alex Muller, Andreas Pfeiffer, who's, Thomas Bergeson, Wade Tolliver, we're, Dirk Smith, Mike, Bertie Simmonds, Micheal Jordan, Chesty Puller Organizations: Service, EA, German Eurofighter Typhoons, Business, Eurofighter, Spangdahlem Air Base, US Air Force, Tactical Air Force, America's Raptors, BFM, Germany's Eurofighter, Farnborough, Air, Germany's, German Air Force Eurofighter, Reuters, Typhoon, MIT, RAF, Breaking Defense, AIM, Air Force, Staff, Raptors, Eielson Air Force Base, Tech, Germany's Air Force, Combat Aircraft, TVC, Raptor, NATO, Tactical Air, Getty, Typhoons, Seoul International Aerospace, Defense, Eurofighters, 4th, US Navy, KC, Red Flag, Navy SEAL, ISIS, Qaeda, Flag, FS, Eurofighter Typhoon Locations: Germany, Alaska, Red, Estonia, Vietnam, Flag Alaska, gun's, American

☆ What Biden’s tariffs on Chinese imports may mean for American jobs, the economy and inflation
▼ + stars: | 2024-05-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Biden’s tariff plan likely won’t move the needle for monetary policy, said Ryan Sweet, chief US economist at Oxford Economics. “Consumers and producers often pay higher prices when tariffs are implemented.”That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately, consumers. Worse, some businesses appeared to take advantage of the trade war by bumping up prices even higher. Container shipping imports from China to Mexico rocketed higher by 60% in January and 34% for the first quarter, Xeneta data shows. “It’s obvious that imports to this extent are not only for domestic purposes in Mexico,” he said.

Persons: Biden, Joe Brusuelas, Donald Trump’s, Trump, —, Ryan Sweet, ” Sweet, Sweet, George W, Bush, Barack Obama, Goldman Sachs, ”, Wells, Nicole Cervi, “ There’s, ” Cervi, Peter Sand, “, Sand, “ It’s Organizations: CNN, RSM US, stoke, Oxford Economics, Biden, Peterson Institute for International Economics, Trump, Federal, “, US International Trade Commission, New, New York Fed, National Bureau of Economic Research, Republican, ramped, Container Locations: China, New York, “, South Korea, Singapore, Taiwan, Vietnam, Wells, Mexico

☆ A deadly heat wave worsened Gaza’s humanitarian crisis. It was fueled by climate change, new data shows
▼ + stars: | 2024-05-14 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

The WWA report divided the heat waves into three areas: West Asia, the Philippines and a region spanning South and Southeast Asia. However, the impact of climate change there was greater, increasing temperatures by about 1.2 degrees. Climate change also played a pronounced role in this region, according to the analysis, making the heat 45 times more likely and 0.85 degrees Celsius hotter. “Many cities have seen extreme losses of green space,” Pereira said, increasing the impacts of extreme heat on residents. If not, she added, “extreme heat will lead to even greater suffering in Asia.”

Persons: Jehad, ” Friederike Otto, El, Idrees Mohammed, Otto said, ” Otto, Carolina Pereira Marghidan, ” Pereira, ”, Mariam Zachariah Organizations: CNN, WWA, Getty, Grantham Institute, Climate, Environment Locations: Gaza, West Asia, Philippines, South, Southeast Asia, Syria, Lebanon, Israel, Jordan, Rafah, Anadolu, Delhi, Manila, Asia, West, Raipur, India, AFP, Myanmar, Laos, Vietnam, , Bangladesh, Thailand

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