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☆ 'Spook the West': Turkey's bid for BRICS both a strategic and symbolic step, analysts say
▼ + stars: | 2024-09-10 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. BRICS, which stands for Brazil, Russia, India, China and South Africa, is a group of emerging market countries that seek to deepen their economic ties. Russian President Vladimir Putin shakes hands with Turkish President Recep Tayyip Erdogan during their joint press conference on September 4, 2023, in Sochi, Russia. The fact that it's led by China makes some in the West wary, who see this as a potential win for Beijing. Turkish President Recep Tayyip Erdogan (not seen) is welcomed by Chinese President Xi Jinping as part of the 11th G20 Leaders' Summit in Hangzhou, China, on September 3, 2016.

Persons: Hakan Fidan, Sefa, It's, George Dyson, Dyson, Matthew Bryza, Recep Tayyip Erdogan, Vladimir Putin, Russia —, Arda Tunca, Tunca, it's, Xi Jinping, Mehmet Ali Ozcan Organizations: Turkish, Anadolu, Getty, AK Party, NATO, Control, CNBC, EU, White House, Senior State Department, United Arab, Russia, West, China, Beijing, Anadolu Agency Locations: Nizhny Novgorod, Russia, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, UAE, Western, Turkey, Europe, U.S, Ankara, Istanbul, Ukraine, Saudi Arabia, United Arab Emirates, Russian, Sochi, United States, BRICS, Turkish, Hangzhou

☆ Big investors worry the star managers they trust to run billions are getting distracted as the presidential election enters the homestretch
▼ + stars: | 2024-09-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Hedge fund managers and private equity executives have become the go-to sources for donations for both parties. AdvertisementBut for the industry's biggest names who have become involved in politics, personal interests and values drive their giving. Advertisement'It's a people business'Mercer's global chief investment strategist, Rich Nuzum, advises institutional investors with more than $16 trillion to invest. "You're probably alienating some potential investors," he said, and that puts all investors at risk if it impacts a manager's business health. While LPs prefer their managers stay out of the headlines, Griffin has not been shy in recent years about picking fights.

Persons: —, Ken Griffin, Donald Trump, Ron DeSantis, Griffin, Timothy Mellon, George Soros, Lone, Stephen Mandel, Jim Simons, Elliott's Paul Singer, Blackstone, Steve Schwarzman, Singer, Andrew, Rudy Koitchev, Rich Nuzum, Brian Payne, Payne, Chris Walvoord —, Nuzum, Soros, David Tepper, Mandel, Griffin waded, Zia Ahmed, Koitchev Organizations: Service, Republicans, Florida Gov, Business, SEI, BCA Research, Carolina Panthers, Appaloosa Management, Citadel, Citadel Securities, mater, Miami, city's Museum of Science, Industry, LCH Investments, Teachers Locations: Florida, Lone Pine, Washington, Harvard, Chicago, Afghanistan, Illinois

☆ Apple's AirPods just challenged over-the-counter hearing aids
▼ + stars: | 2024-09-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Read previewApple has the over-the-counter hearing aid market in its sights — and execs in the audiology space are likely sitting up straight after Monday's announcement by the tech giant. The AirPods Pro 2 — first launched in 2022 and refreshed in 2023 — will soon feature a "clinical-grade, over-the-counter Hearing Aid feature" via a software update slated for the fall, Apple said. Related storiesThe AirPods Pro 2 retail for $249, while over-the-counter hearing aids can range from $99 to $3,000, according to the National Council on Aging (NCOA). Apple's new hearing-focused features for the AirPods Pro 2 are multifaceted. AdvertisementThe Hearing Aid feature on AirPods Pro 2 can boost voices, media, and phone calls, Apple says.

Persons: —, Apple, Johns Hopkins, Dr, Nicholas Reed Organizations: Service, Business, Apple, Food and Drug Administration, Street, World Health Organization, WHO, National Council, Aging, AirPods Locations: Germany, Japan

☆ Apple appears to quietly admit defeat over a controversial iPhone accessory that's vanished from its website
▼ + stars: | 2024-09-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Apple appears to have quietly discontinued FineWoven iPhone cases. They came out just a year ago with the iPhone 15 launch but were criticized for quality issues. AdvertisementApple seems to have thrown in the towel on its heavily-criticized FineWoven iPhone cases. Introduced last year with the iPhone 15 launch, the FineWoven cases were Apple's eco-friendlier alternative to leather cases. However, Apple seems to have stopped selling FineWoven cases for the iPhone 15 and hasn't introduced them for the new iPhone 16 announced Monday.

Persons: Apple, —, hasn't, doesn't Organizations: Service, Apple, Business

☆ I stayed in a $290-a-night tiny home on an island 5 miles from Singapore. It was smaller than a parking space.
▼ + stars: | 2024-09-09 | by ( Erin Liam | ) www.businessinsider.com time to read: +10 min

During my three-day visit in August, I stayed at a tiny home by Tiny Away for one night. AdvertisementLaunched by a Singaporean tiny home startup called Big Tiny in May 2023, Tiny Away features five tiny houses that measure around 139 square feet each — or slightly smaller than an average parking space. Tiny Away is currently the only option for those who want to try tiny house living without going abroad. For one, there's a glamping resort on Lazarus Island that offers stays for a similar price to Tiny Away. But Tiny Away strikes me as ideal for guests looking for some solitude or a chance to experience the city-state minus all the high rises.

Persons: —, I'd, Tiny, Adrian Chia, Big Tiny, Erin Liam, Chia, cocker, Lazarus, Prudence Lai Organizations: Service, Business Locations: Singapore, New York City, Lazarus, Southern, Sentosa, Singapore's

But actually being able to watch it has proven a bit tricky, so we've put together everything you need to know about how to watch ABC, including live streaming options. Keep reading to learn how to watch ABC from anywhere. How to watch ABC in the USIf you don't have cable or recently lost ABC in your TV package, you don't need to worry. You can also catch the network through live TV packages, like Sling TV or Fubo. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for.

Persons: we've, Kamala Harris, Donald Trump, you've, Flatenna, ExpressVPN Organizations: Business, ABC, Abbott, NBA, NFL, NHL, Morning America, DirecTV, Disney, ESPN, Fubo, Democratic, Republican Locations: New York, Los Angeles, Chicago, Philadelphia

Jerusalem and Gaza CNN —A 14-year-old boy lies in Al-Aqsa Martyrs Hospital in Deir Al-Balah, Gaza Strip, severely burned from an Israeli airstrike. Even as the campaign to vaccinate Gaza’s children for polio continues, the United Nations and aid agencies warn of deteriorating public health conditions. Displaced children sort through trash at a street in Deir Al-Balah, central Gaza Strip, on August 29. A Palestinian woman sits on the floor between patients at the Al Aqsa Martyrs Hospital in Deir Al-Balah in the central Gaza Strip on April 3. “It is also used for washing and sterilizing dishes because of hepatitis, which is spreading terribly in the Gaza Strip, and to deter jaundice,” Rayyan told CNN.

Persons: Dr, Mahmoud Yousef Mughani, Mughani, vaccinate, Abdel Kareem Hana, OCHA, ” OCHA, Mohammed Al, Taweel, ” Al, “, ”, Ghada, ” Shahoura, Balah, Saeed Rayyan, ” Rayyan, Rayyan, al, Oula Al Goul, Mahmoud Shalabi, Shalabi Organizations: Gaza CNN, Aqsa Martyrs Hospital, CNN, United Nations, UN Relief and Works Agency, UN, Humanitarian Affairs, “, CNN Sunday, Al Aqsa Martyrs Hospital, AFP, Getty, Aid, Ministry, Health Locations: Jerusalem, Gaza, Al, Aqsa, Deir Al, Balah, Rafah, Egypt, Palestinian, Al Aqsa, Deir, Ashkelon, Israel

☆ Inside the landmark Google adtech antitrust trial that could transform the $700 billion global digital ad market
▼ + stars: | 2024-09-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

The DOJ and the states are seeking a breakup of Google's adtech business. Separately, they said that while a separation of Google's ad server and its ad exchange would be good for competition in the adtech market, it might drive ad server costs up for publishers. Google's ad server is "a loss leader, they make all their money in AdX," the exec said, referring to Google's ad exchange that connects buyers and sellers. Global regulators have Google in their sights, tooAny unraveling of Google's ad empire would be complex. Over the pond, the European Union said last year it might look to break up Google's adtech business.

Persons: —, Google's, Tim Nollen, isn't gunning, adtech, Macquarie's Nollen, Bietti, Mark Jamison, there's, Arielle Garcia Organizations: Service, Eastern, Business, US Department of Justice, Google, DOJ, Microsoft, Macquarie, Publishers, US Department of, Northeastern University, Public Utility Research Center, Digital Markets, University of Florida, Global, European Union Locations: Virginia, AdX

☆ Battery giant Northvolt to lay off staff in huge cost-cutting drive amid EV market slowdown
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Northvolt, a key battery producer for Europe's electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility in Poland. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately-held tech firms that builds lithium-ion batteries for the electric vehicle industry. The battery maker cited a "challenging macroeconomic environment and our subsequent reassessment of Northvolt's near-term priorities" as the key reasons behind its decision to embark on the cost-cutting drive. Northvolt has faced a litany of pressures in recent months — not least the demand challenges facing the broader electric vehicle industry. BMW said at the time that the deal had been cancelled due to Northvolt being unable to deliver on time.

Persons: Northvolt, Peter Carlsson Organizations: Volkswagen, Volvo, Alternative Fuels, BMW, EV Locations: Poland, Stockholm, Sweden, Europe

☆ Draghi urges radical European Union reform requiring extra 800 billion euros a year
▼ + stars: | 2024-09-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Massimo Di Vita | Mondadori Portfolio | Getty ImagesThe European Union needs up to 800 billion euros ($884 billion) in additional investment per year to meet its key competitiveness and climate targets, according to a report from economist and politician Mario Draghi. The bloc's goals of bolstering its geopolitical relevance, social equality and decarbonization are being threatened by weak economic growth and productivity compared with the U.S. and China, the report states. The EU is meanwhile suffering an "innovation deficit" which must be tackled through reforms to research and development funding and policy, the report states. To fast-track policymaking, the report proposes limiting the voting items that require support from an absolute majority of member states. Funding questionPublic and private investments are being hindered by the size of the EU budget, its lack of focus and its risk aversion, the Draghi report says.

Persons: Mario Draghi, Massimo Di Vita, Draghi —, —, NextGenerationEU Organizations: Italian, European Union, U.S, European Central Bank, European, European Securities and Markets Authority, U.S . Securities, Exchange Commission, SEC Locations: Rome, Italy, China, EU, Europe, Germany

☆ Stocks making the biggest moves midday: Palantir Technologies, Summit Therapeutics, JetBlue Airways and more
▼ + stars: | 2024-09-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Palantir Technologies , Dell Technologies — Palantir and Dell jumped 14% and nearly 4%, respectively, following the announcement after the bell Friday that both stocks would join the S & P 500 before the open on Sept. 23. Palantir is set to take American Airlines' spot, while Dell is going to replace Etsy. JetBlue Airways — The airline stock popped around 7% after Bank of America analyst Andrew Didora upgraded the firm to neutral from underperform. Cannabis stocks — Cannabis stocks moved higher after former President Donald Trump said in a Truth Social post that he will support legalizing adult marijuana use in Florida. A logo outside the Palantir Technologies pavilion ahead of the World Economic Forum in Davos, Switzerland, on Jan. 15, 2024.

Persons: Dell, Merck's, Andrew Didora, Didora, Arm's, Donald Trump, —, Alex Harring, Hakyung Kim, Yun Li, Jesse Pound, Michelle Fox, Stefan Wermuth Organizations: Palantir Technologies, Dell Technologies, American Airlines, Etsy, Therapeutics, Merck, JetBlue Airways —, Bank of America, JetBlue, Boeing, Citi, Federal Reserve, Arm Holdings, Financial, Apple, Monday, United States Steel, JPMorgan, Nippon Steel, Tilray Brands, Cannabis ETF, Economic, Bloomberg, Getty Locations: Florida, Davos, Switzerland

☆ The plot to topple Putin
▼ + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com time to read: +32 min

But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.

Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, —, Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia

☆ Why playing it safe on immigration and crime could be a big risk for Harris
▼ + stars: | 2024-09-09 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +19 min

Since Harris replaced President Joe Biden as the Democratic nominee, Trump has constantly attempted to portray her as weak on immigration and crime. On Friday, Harris also chose not to mention mass deportation during a radio interview with Univision, when the host asked her to summarize her argument to undecided Hispanic voters. “There is a way in which those [crime and immigration] issues in particular are also about bigger things,” said Adrianne Shropshire, executive director of BlackPAC, a group working to mobilize Black voters for Harris and Democrats. And many of those voters might recoil from these Trump policies on crime and immigration if they heard more about them. “What he is hoping is that the Black voters who he is [courting] don’t see that stuff,” Shropshire said.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Joe Biden, Gary Segura, UnidosUS, Segura, Ohio Sen, JD Vance, Stephen Miller, Miller, Michael Ettlinger, Goldman Sachs, Jeffrey Passel, Passel, Rudolph Giuliani, Michael Bloomberg, Black, Ed Chung, Vera Action, Tim Walz, Trump’s, she’s, surrogates, ”, Adrianne, “, ” Segura, ” Tom Wong, Wong, ” Wong, Daniela Gilbert, That’s, Biden, Gilbert, ” Gilbert, ” Anthony Baber, Baber, “ Trump, ” Baber, ” Harris, She’s, Chung, –, Dana Bash, , Daniel Cox, BlackPAC Organizations: CNN, Democratic, Unidos, ”, White, Trump, of Police, National Guard, University of New, Carsey, of Public, Boston Globe, Pew Research Center, New York Police Department, Minnesota Gov, Univision, Black, GOP, US Immigration, Center, University of California, America’s, Marquette Law School, Religion Research Institute, Detroit, Whites, Survey Center, American Enterprise Institute Locations: California, Wisconsin, Texas, New York City, Phoenix, Las Vegas, Philadelphia, Atlanta, Savannah, Adrianne Shropshire, San Diego, United States, CNN’s, Michigan, Pennsylvania, Shropshire, ” Shropshire

☆ More countries are openly flaunting their ties with Putin. They say it's just business.
▼ + stars: | 2024-09-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine. So far, Putin has met top leaders from Asian countries including China, India, Vietnam, and Indonesia. Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Russia's push for a multipolar world order resonates with countries who desire a more equitable international order.

Persons: —, Vladimir Putin, Putin, Sean McFate, McFate, Anwar Ibrahim, Ukhnaagiin Khürelsükh, couldn't, Russia —, Serik, Li Qiang's, Syracuse University's McFate, it's, Derek Grossman, Grossman Organizations: Service, Syracuse University Maxwell School of Citizenship, Public Affairs, Business, Malaysian, Criminal, ICC, World Bank, European Union, NATO, Bloomberg, Moscow, Central, European, EU, United Nations, RAND, Foreign Locations: Ukraine, China, India, Vietnam, Indonesia, Russia, North Korea, Iran, Mongolia, Mongolian, Russia's, European, Sri Lanka, Turkey, Kazakhstan, Central Asian, European Union, Moscow, Beijing, Europe, Syracuse, Brazil, South Africa, Malaysia, Switzerland, United States

☆ Houthi rebels say they shot down a $30M US Reaper drone, the 8th in less than a year
▼ + stars: | 2024-09-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewHouthi rebels claim to have shot down another MQ-9 Reaper drone in Yemen. AdvertisementThe Houthi rebels did not post a picture, video, or evidence of this latest claimed shootdown on their social media channels. This is not the first time the Houthis have claimed to have taken down a MQ-9 Reaper drone. In May, the Associated Press reported a US MQ-9 Reaper drone — worth $30 million — came down in Yemen, the third in just a month, citing a video of the shootdown. Related storiesUS warships and aircraft, meanwhile, have repeatedly targeted Houthi missiles and drones, as well as assets like radar sites.

Persons: —, Ameen Hayyan, Adm, George Wikoff, Wikoff Organizations: Service, Yemeni Armed Forces Spokesperson's Office, Yemeni Air Forces, Business, Department of Defense, Associated Press, Prosperity Guardian, Center for Strategic, International Studies, US Naval Forces Central Command Locations: Yemen, Gaza, Israel, Iran, Gulf, Aden, Red

☆ A teacher caught students using ChatGPT on their first assignment to introduce themselves. Her post about it started a debate.
▼ + stars: | 2024-09-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +8 min

Yet many of the students enrolled in her ethics and technology course decided to introduce themselves with ChatGPT. AdvertisementSecond week of the semester and I've already had students use (and own up to using) ChatGPT to write their first assignment: "briefly introduce yourself and say what you're hoping to get out of this class". AdvertisementThe calculator argument — why ChatGPT is not just another problem-solving toolMany of the commenters who defended using AI likened ChatGPT for writing to using a calculator for math problems. OpenAI even partnered with Arizona State University to offer students and faculty full access to ChatGPT Enterprise for tutoring, coursework, research, and more. A professor in another post that received over 600 upvotes said that ChatGPT was "ruining" their love of teaching.

Persons: —, Megan Fritts, Fritts, I've, they're, clued, ChatGPT, they've, Charles Harvey, Harvey, I'm, They're, Curby Alexander, Anna Cunningham, Joel Nishimura, OpenAI, upvotes Organizations: Service, Business, University of Arkansas, University of Central, EdWeek Research, Texas Christian University, Arizona State University, ChatGPT Enterprise Locations: Little, University of Central Arkansas, Arizona

☆ The death of an F-16 pilot running missile defense shows how dangerous even the lower-risk missions are in Ukraine
▼ + stars: | 2024-09-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Ukrainian F-16s are seen in the air in an undisclosed location in Ukraine. AdvertisementDays later, Ukraine acknowledged one of its F-16s crashed, killing its pilot, while battling Russian missiles during the attack. Related storiesHundreds attend a farewell ceremony for Ukrainian F-16 pilot Oleksiy Mest in Shepetivka on August 29, 2024. These include both Western and Soviet-era ground-based air-defense systems and fighter aircraft like the F-16. A Ukrainian Air Force F-16 flies in an undisclosed location in Ukraine, which waited years for the American-made fighter jets.

Persons: —, Vincent Aiello, Oleksandr Syrskyi, Oleksiy, Mike Torrealday, Torrealday, it's, they're, " Aiello, You've Organizations: Service, Ukraine, NATO, Business, REUTERS, Ukraine's, Libkos, US Air Force, Ukrainian Air Force, AP Locations: Ukraine, Kyiv, Russia, Russian, Ukrainian, Shepetivka

☆ 3 ways Wall Street's largest banks are leveraging AI to increase profitability
▼ + stars: | 2024-09-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Over the past year, Wall Street's largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. MS YTD mountain Morgan Stanley YTD AI use cases for key businesses Morgan Stanley was among the first on Wall Street to publicly embrace the technology, unveiling two AI assistants for financial advisors powered by OpenAI. Launched in September 2023, the AI @ Morgan Stanley Assistant gives advisors and their staff quick answers to questions regarding the market, investment recommendations, and various internal processes. If it does, that would be welcome news for shareholders after Morgan Stanley's wealth segment missed analysts' revenue expectations in the second quarter . However, As long as these costs don't outweigh return on investment (ROI), we're happy with Wells Fargo and Morgan Stanley's moves to innovate.

Persons: Goldman Sachs, Morgan Stanley, Wells, JPMorgan Chase — ramped, Jamie Dimon, Alexandra Mousavizadeh, OpenAI's ChatGPT, Jeff McMillan, Morgan, McMillan, It's, Morgan Stanley's, Evident's Mousavizadeh, Banks, Mousavizadeh, Tracy Kerrins, Morgan Stanley's McMillan, He's, Morgan Stanley's OpenAI, Teresa Heitsenrether, Jim Cramer's, Jim Cramer, Jim Organizations: Bank of America, JPMorgan, Citi, Microsoft, Nvidia, OpenAI, CNBC, Google, Deutsche Bank, BNP, Mistral, TD Bank Group, Big, Wall, New York Stock Exchange, Bloomberg, Getty Locations: Wells Fargo, Silicon, management's, Wells, New York

☆ Hedge fund turned to a wargame to plan for a Chinese invasion of Taiwan
▼ + stars: | 2024-09-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Related storiesIn the second phase of the game, soon after the Chinese invasion began, US forces were said to have engaged and stopped the Chinese amphibious assault, though China continued to bombard Taiwan. Daniel Ceng/Anadolu via Getty ImagesThis caught the hedge fund players by surprise: they had assumed EU sanctions were unlikely because of the depth of China-Europe trade, which reached $815 billion annually in 2023. The hedge fund "agreed that any room for avoiding a total divestment from China and the South China Sea was now completely lost, and market re-entry was probably many years away." The hedge fund responded by choosing to invest heavily in semiconductors manufactured in regions not affected by the war. "This would provide potential opportunities for new players to emerge in the Global South, particularly if loans can be collateralized," Knightsbridge noted.

Persons: Finley Grimble, liquidating, KSG, Daniel Ceng, Knightsbridge, Grimble, Michael Peck Organizations: Service, Business, Knightsbridge Strategic, Getty, Treasury, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: British, China, Taiwan, South China, Europe, South America, Japan, South Korea, Australia, Anadolu, South, Ukraine, Africa, East, Southeast Asia, Zimbabwe, Forbes

Keep reading to learn how to watch US Open live streams, including free options. ESPN Plus (Monthly Plan) ESPN Plus is designed for sports, giving subscribers access to live MLB, NHL, NFL, soccer, golf, and UFC fights. Both services carry ABC, ESPN, ESPN 2, ESPN3, and ESPNews, with a few exceptions, which we'll detail below. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. Where to watch the US Open in AustraliaThere are a couple of ways to watch the US Open in Australia.

Persons: Novak Djokovic, Coco Gauff, Carlos Alcaraz, Emma Raducanu, Iga Świątek, Daniil Medvedev, Taylor Fritz, Sinner, Jessica Pegula, it's, There's, Stan Sport, Stan, you'll, ExpressVPN Organizations: Business, US, ABC, ESPN, ESPN2, ESPN3, MLB, NHL, NFL, UFC, Hulu, Disney Plus, Sling, Sky Sports, Sky Locations: Queens , New York, American, United States, Australia, Australian

☆ Google's second antitrust trial could help shape the future of online ads
▼ + stars: | 2024-09-06 | by ( Jennifer Elias | Jennifer Covers Google Parent Company Alphabet Inc. | Silicon Valley Culture For Cnbc.Com In San Francisco. | ) www.nbcnews.com time to read: +8 min

For Google, the focus turns to its ad tools, which are part of the company’s $200 billion digital ad business. In the first antitrust case, the court found that Google violated Section 2 of the Sherman Act, which outlaws monopolies. The company’s M&A strategy “set the stage for Google’s later exclusionary conduct across the ad tech industry,” the Justice Department alleges. Google has long fought back against claims that it dominates online ads, pointing to the market share of competitors including Meta. It will argue that buyers and sellers have many options especially as the online ad market has evolved.

Persons: Biden, Donald Trump, Meta, Sherman, Goldman, Bernstein, Amit Mehta, ” Mehta, Google’s, Neal Mohan, Mohan, it’s, AdMeld, Jerry Dischler, It’s, Sissie Hsiao, Scott Sheffer, Prabhakar Raghavan, Simon Whitcombe Organizations: Department of Justice, Google, Microsoft, Big Tech, DOJ, Apple, Federal Trade Commission, Facebook, Amazon, Citibank, NYSE, New York Stock Exchange, YouTube, Google Network, U.S, District of Columbia, Department, DoubleClick, Meta, Stanford, Harvard, New York Times Locations: Alexandria , Virginia, California , Colorado , Connecticut , New Jersey , New York, Rhode Island and Tennessee, Google’s

According to the Bureau of Labor Statistics, the share of Americans who were absent from work because of child care difficulties matched the all-time record for August. At the same time, employment in child care services has not been nearly enough to match the demand, according to Julia Pollak, chief economist at ZipRecruiter, who highlighted the statistic in a note following Friday’s job report. The issue largely stems from the havoc created by the pandemic, which prompted many child care facilities to shut down, Pollak said. Consumer payments for child care are up at least 32% since 2019, a recent Bank of America study found. Child care advocates say that almost 10% of the state’s day care sites or home-based programs have shuttered since the pandemic.

Persons: Donald Trump, Sen, JD Vance, Vance, Kamala Harris, Julia Pollak, Natalia Lebedinskaia, ” Pollak, Pollak, “, ”, Trump, Ohio, Charlie Kirk, he’d, Harris, ” Vance, Tim Walz, Hannah Anderson, Kirk, Vance “, ” Anderson Organizations: Bureau of Labor Statistics, GOP, Child Care, NBC News, of America, BLS, Economic, of New, Minnesota Gov, Economic Policy Institute Locations: Ohio, of New York, United States, Georgia

☆ August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
▼ + stars: | 2024-09-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At the same time, the unemployment rate ticked down to 4.2%, as expected. The labor force expanded by 120,000 for the month, helping push the jobless level down by 0.1 percentage point, though the labor force participation rate held at 62.7%. The household survey, which is used to calculate the unemployment rate and is often more volatile than the survey of establishments, showed employment growth of 168,000. Markets showed little initial reaction to the data, with stock futures holding negative and Treasury yields also lower. While the August numbers were close to expectations, the previous two months saw substantial downward revisions.

Persons: Nonfarm, Dow Jones, Dan North Organizations: Federal Reserve, Labor Department's Bureau of Labor Statistics, BLS, North America, Allianz Trade, Manufacturing Locations: U.S, Dow

☆ China's wealthy are increasingly looking overseas for business investment opportunities
▼ + stars: | 2024-09-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Instead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. ExecuJet HaiteBEIJING — China's wealthy are increasingly looking for ways to move capital outside the mainland to pursue business opportunities, rather than just chasing investment returns, according to asset managers and consultants. The company's active overseas clients rose by nearly 63% year on year to 3,244. Overseas assets under management rose nearly 15% to $5.4 billion from a year earlier, while mainland China assets under management fell over 6% to $15.8 billion, according to Noah's quarterly earnings report. "What we are hearing from them is that the fastest growth in terms of interest from Chinese clients [occurred] in the post-Covid [period to] early last year."

Persons: Paul Desgrosseilliers, ExecuJet, there's, Ryota Kadogaki, Grant Pan, Noah Holdings, Noah, Kadogaki, Mu Chen, That's, Pan, ExecuJet Haite Organizations: General Aviation Services, Beijing Daxing, Monolith, Investors, Ministry of Commerce, CNBC, Noah Holdings, Beijing Daxing International Locations: China, Beijing, BEIJING, Japan, Mainland China, Singapore, Hong Kong, Southeast Asia, East, Africa, Asia Pacific

☆ Sick of the grind, he ditched the city to live in a tiny house in the woods. Now, he estimates he gets by on $750 a month.
▼ + stars: | 2024-09-06 | by ( Amanda Goh | ) www.businessinsider.com time to read: +12 min

Anders Boisen. Anders Boisen. AdvertisementDuring the pandemic, he quit his job in order to focus on building his tiny house. Anders Boisen. He had already been building a tiny house on the side, and he decided to focus on the project full-time.

Persons: —, Anders Boisen, he's, Boisen, It's, I'm, isn't, I've Organizations: Service, Business Communication, Business Locations: Denmark, Danish, English, Aarhus, There's, homeownership, Boisen

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