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☆ Opinion: Why Biden won’t do more to restrain Netanyahu
▼ + stars: | 2023-11-20 | by ( Opinion Aaron David Miller | ) edition.cnn.com time to read: +53 min

Mahmud Hams/AFP/Getty Images Israeli soldiers form an honor guard at the funeral of Israeli reserve soldier Master Sgt. Mustafa Hassona/Anadolu/Getty Images Palestinians flee to southern Gaza on Salah al-Din Street in Bureij, Gaza, on November 10. Ronen Zvulun/Reuters A woman carries a white flag as Palestinians flee from Gaza City to the south on November 7. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Yousef Masoud/The New York Times A morgue worker arranges body bags at al-Shifa hospital in Gaza City on October 12.

Persons: Aaron David Miller, ” Miller, I’ve, Joe Biden, Netanyahu, Aaron David Miller Israel, Israel —, Biden, Ashraf Amra, Ahmad Gharabli, Mohammed Abed, Ohad, Rizek Abdeljawad, Major Jamal Abbas, Shir Torem, Fatima Shbair, Alexi J . Rosenfeld, Abed Rahim Khatib, Khan, Christopher Furlong, Hatem Ali, Avraham Fetena, Mostafa Alkharouf, Mahmud Hams, Sgt, Raz Abulafia, Ariel Schalit, Fadel Senna, Nasser, Mohammed Salem, Matan Meir, Amir Levy, Haitham Imad, Roni Eshel, Eshel, Kenzo Tribouillard, Benjamin Netanyahu, Sadi Berek, Mustafa Hassona, Salah al, Jack Guez, Varda Goldstein, Nir Oz, Bernat, Abed Zagout, Tomer Appelbaum, Mohammad Abu Elsebah, Khaled Ibn Al, Walid, Khan Younis, Ya'akov Ozeri, Ronen Zvulun, Mohammed Dahman, Ahmad Hasaballah, Leo Correa, Amir Cohen, Mohammed Alaloul, Majdi, Neil Hall, Saeed Jaras, Mohammad Abu Hattab, Mohammed Talatene, Ditza Heiman, Salman Habaka, Ibraheem Abu Mustafa, Yuval Zilber, Jalaa Merey, Ahmad Salem, Ali Jadallah, Atef Safadi, Anas al, Yosef Vahav, Kiryat Shmona, Jalaa Marey, Albert Miles, Ilan Rosenberg, Manna, Tamar Chaya Torpiashvili, Abed Khaled, Tamir Kalifa, Yoav Gallant, Ammar Awad, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Sagiv Ben Zvi, Evelyn Hockstein, Omar El, Yasser Qudih, Tsafrir, Francisco Seco, Mohammed Saber, Ali Mohmoud, Mai Yaghi, Yam Goldstein, Nadav, Khaled Joudeh, Samar Abu, Leon Neal, Hatem Moussa, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Janis Laizans, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Antony Blinken, Brendan Smialowski, Kenny Holston, Kfar Aza, Ilia Yefimovich, Mahmoud Khaled, Dor Reder, Violeta Santos Moura, Mohammed Fayq Abu Mostafa, Antonio Macías, Macías, Eli Albag, Liri, Sergey Ponomarev, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Oded, Ahmad Hasballah, Eyad Baba, Itai Ron, Hadas Parush, Biden —, —, Barack Obama, hasn’t, ’, Israel isn’t, craven, It’s Organizations: Carnegie Endowment, International Peace, Democratic, Republican, CNN, Israel, Israel Defense Forces, Hamas, Democratic Party, Department of State, Senior, UN, US, Washington Post, Al, Aqsa Martyrs Hospital, Getty, Unicef, Reuters, AP, Anadolu, AP Journalists, Israeli, Modern, Nasser Hospital, Tel, Nasser Medical, Najjar, Israel Defence Forces handout, Shutterstock, Reuters United Nations, Shifa, Palestine, Pictures, Bloomberg, Israeli Apache, United Nations Relief, Works Agency, Al Aqsa Martyrs Hospital, Palestinian, IDF, EyePress, New York Times, Getty Images, Nasser Medical Hospital, Deir Al, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Israel's, Ahli Baptist Hospital, Ben Gurion International, Aris Messinis, Haim, Puma, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, West Bank, Rockets, United Nations, Reuters Police, Reuters Rockets, America, Senate, Washington, Twitter Locations: East, Israel, Gaza, Biden’s Washington, Washington, Al, Aqsa, Al Bureij, Deir Al Balah, Anadolu, Tel Aviv, AFP, Rafah, Xinhua, Pekiin, Khan Younis, Mavki'im, Jerusalem, Haifa, Sderot, Beit Hashmonai, Europe, Israeli, Rishpon, Odem, Gaza's Al, Gaza City, Kfar Saba, Deir Al, Balah, Bureij, Kfar Aza, Palestinian, Khan, Meron, Jerusalem's, City, Jerusalem's Old City, Deir Balah, Mahmud, Southern Israel, Ashkelon, Yanuh Jat, Netaim, Golan Heights, Lebanon, Egypt, Shareef, Beit Guvrin, Reuters Israeli, Kiryat, Al Aqsa, Kibbutz Be'eri, Ashdod, Holon, Najjar, Ichilov, Kibbutz Shefayim, Deir, Samar, Samar Abu Elouf, Deir al, Kibbutz Kissufim, Zahra City, East Jerusalem, Ras, Israel's, Yehuda, Hod HaSharon, Kiryat Shmona, Ahli, Gan, Kfar, North Sinai, Beit Kama, Cyprus, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, ”, Palestinian Authority

☆ Huawei is giving Apple stiff competition in China. Suppliers to watch
▼ + stars: | 2023-11-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese smartphone companies like Huawei are rebounding in their home market, giving a boost to domestic suppliers — and increasing the pressure on Apple . Huawei smartphone sales surged by 83% in October from a year ago, Counterpoint Research said in a note Tuesday. Honor, a Huawei spin-off, saw sales climb by 10%, while Xiaomi smartphone sales rose by 33%, the report said. The report did not break out Apple sales, only saying a broad category of "others" saw October smartphone sales drop by 12% from a year ago. For context, Shanghai-based CINNO Research expects a 2% decline in Apple iPhone sales in China this year to 45.5 million units.

Persons: Morgan Stanley, Xi Jinping, Joe Biden, Raymond James, Biden, Nomura, Lihexing, CNBC's Michael Bloom Organizations: Huawei, Apple, D.C, Telecommunications, 5G, Research, Guangdong Topstar Technology, Xiaomi, Industrial Locations: China, Washington, U.S, Shenzhen, EVs, Shanghai, Guangdong, Topstar

☆ Former US first lady Rosalynn Carter dies at 96
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +6 min

Former first lady Rosalynn Carter is seen outside her home after U.S. President Joe Biden and first lady Jill Biden met with former President Jimmy Carter and Mrs. Carter in Plains, Georgia, U.S., April 29, 2021. Jimmy and Rosalynn Carter were the longest-married presidential couple, having wed in 1946 when he was 21 and she was 18. "The best thing I ever did was marry Rosalynn," Carter told the C-SPAN cable TV channel in 2015. During that time, Rosalynn Carter sought to support her husband by speaking in 112 cities in 34 states during a 44-day tour. In the White House, she became honorary chair of the President's Commission on Mental Health, key to passage of a 1980 act that helped fund local mental health centers.

Persons: Rosalynn Carter, Joe Biden, Jill Biden, Jimmy Carter, Evelyn Hockstein, Carter, Rosalynn, Roslynn, Ronald Reagan, Ted Kennedy, Reagan, Eleanor Rosalynn Smith, Alice Smith, I've, Carters, Will Dunham, Diane Craft, Rosalba O'Brien Organizations: U.S, REUTERS, Former U.S, Carter, Carter Center, Humanity, SPAN, Democrat, Republican, Hollywood, Democratic, Mental Health, Washington, Maranatha Baptist Church, Gannett Co, National Women's Hall of Fame, Thomson Locations: Carter, Plains , Georgia, U.S, Former, Washington, Georgia, California, America, Tehran, Plains, Edgar, Atlanta

☆ Analysis-In Mexico, Gender Balance Push Puts Political Parties in Unfamiliar Bind
▼ + stars: | 2023-11-18 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

Since 2018, Congress has been split 50-50, and nine of 31 state governors are now women - up from only one woman state governor five years ago. SET IN STONEThe push that also saw Lopez Obrador opt for gender parity in his first cabinet has ushered in a broader shift that looks very likely to yield Mexico's first woman president next year. Carla Humphrey, an INE commissioner who has helped lead the charge for equal representation, said the watershed dates back to gender parity recommendations enshrined in law in the 1990s. They were buttressed by 2012 changes that meant parties could have candidates disqualified if the rules were not met. Since 2019, Mexico's constitution requires gender parity in all elected positions.

Persons: David Alire Garcia, Clara Brugada, Omar Garcia Harfuch, Andres Manuel Lopez, Brugada, Garcia Harfuch, Violeta Vazquez, Rojas, " Vazquez, MORENA, Olga Sanchez Cordero, Lopez, Carla Humphrey, We've, Humphrey, Margo Glantz, Sor Juana Ines de la Cruz, Evelyn Salgado, Glantz, Salgado, Hurricane Otis, Dave Graham Organizations: David Alire Garcia MEXICO CITY, Mexico City mayoral, Regeneration, Mexico City, Senate Locations: Mexico, MORENA, Mexican, Oaxaca, America, Caribbean, Guerrero, Hurricane, Acapulco

☆ Hezbollah, Israel trade strikes at Lebanese border in latest escalation
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] Smoke rises on the Lebanese side of the border between Israel and Lebanon after an Israeli airstrike, as seen from northern Israel, November 18, 2023. The Iran-backed Hezbollah said it shot down an Israeli drone near the border in the early hours of Saturday. The Israeli military did not immediately comment on the incident. Hezbollah released a series of statements early on Saturday saying it had hit Israeli military sites and troops in areas along the border and caused casualties. Hezbollah has attacked Israeli troops at the Lebanese border since the latest Gaza war began and Israel has launched air and artillery strikes against southern Lebanon.

Persons: Evelyn Hockstein, Hani Kobeissy, John Davison, Tomasz Janowski Organizations: REUTERS, Rights, Hezbollah, Palestinian, Hamas, United, Thomson Locations: Israel, Lebanon, Rights BEIRUT, Lebanese, United States, Iran, Israeli, Nabatieh, Gaza, Beirut

REUTERS/Evelyn Hockstein Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - The Federal Reserve's top bank watchdog defended its push to overhaul capital requirements, saying they would have a minimal impact on borrowing costs and make the industry more stable. Michael Barr, the Fed's vice chair for supervision, told a conference in New York on Friday that the so-called "Basel endgame" proposal is mainly focused on raising capital requirements for activities like trading, rather than lending. "Normally, we issue a proposal and then we get very detailed commentary, and we take those comment letters into account." Banks have loudly complained about the proposal, which overhauls how banks gauge their risk and require them to set aside more capital. Industry executives said the draft rules would force them to raise costs and potentially curb lending.

Persons: Michael Barr, Evelyn Hockstein, Banks, Barr, Pete Schroeder, Lananh Nguyen, Chizu Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Federal, Bank, National Football League, Industry, Thomson Locations: Washington , U.S, New York

The German auto giant isn't alone in its struggles, according to CNBC's analysis of 10 global car brands. While Volkswagen remains by far a giant in China's car market with around 3 million vehicles sold a year, the German brand hasn't gained much traction in the electric car space. In July, the company opted to invest about $700 million into Chinese electric car start-up Xpeng to jointly develop two cars for China. Toyota , which has struggled in the market transition to electric cars, is set for its worst year of overall China sales since 2020 with about 1.8 million vehicle sales, CNBC found. Tough competitionAlthough China's new energy market is growing quickly, competition is fierce, even for domestic brands.

Persons: Evelyn Cheng, Alvin Liu, Liu, Bernstein, BYD, Tesla, Nio Organizations: CNBC, Volkswagen, Nissan, Hyundai, China Passenger Car Association, Toyota, Canalys, Honda, BYD, Tesla's, Plaid — Locations: Europe, China, North America, Evelyn Cheng BEIJING, Shenzhen, Shanghai, Beijing, German

☆ Former US first lady Rosalynn Carter enters hospice care at home
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Former first lady Rosalynn Carter is seen outside her home after U.S. President Joe Biden and first lady Jill Biden met with former President Jimmy Carter and Mrs. Carter in Plains, Georgia, U.S., April 29, 2021. REUTERS/Evelyn Hockstein Acquire Licensing RightsWASHINGTON, Nov 17 (Reuters) - Former U.S. first lady Rosalynn Carter, the wife of former President Jimmy Carter, has entered hospice care at home, Carter Center said in a statement on Friday. "She and President Carter are spending time with each other and their family. The Carter family continues to ask for privacy and remains grateful for the outpouring of love and support," the statement issued on behalf of their grandson, Jason Carter, said. Jimmy and Rosalynn Carter are the longest-married presidential couple, having wed in 1946 when he was 21 and she was 18.

Persons: Rosalynn Carter, Joe Biden, Jill Biden, Jimmy Carter, Evelyn Hockstein, Carter, Jason Carter, Ismail Shakil, Eric Beech, Tim Ahmann Organizations: U.S, REUTERS, Rights, Former U.S, Carter Center, Humanity, Thomson Locations: Carter, Plains , Georgia, U.S, Former

Brendan Smialowski | Afp | Getty ImagesBEIJING — U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries. China's Defense Ministry declined a call with its U.S. counterpart in early February after the discovery of an alleged Chinese spy balloon over U.S. airspace. The balloon incident delayed U.S. Secretary of State Antony Blinken's highly anticipated trip to China by more than four months. U.S. Secretary of Defense Lloyd Austin will meet with his Chinese counterpart when the Chinese defense chief is selected, a senior Biden administration official told reporters after the Biden-Xi summit. A readout published by Chinese state media added the resumption of such military talks was "on the basis of equality and respect," according to a CNBC translation.

Persons: Joe Biden, Xi Jinping, Brendan Smialowski, Biden, Antony Blinken's, Blinken, Li Shangfu, Defense Lloyd Austin, presser, China's, I'm, that's, Xi Organizations: Economic Cooperation, Afp, Getty, American, China's Defense, U.S, Defense, Biden, CNBC, Trade Locations: San Francisco, Asia, BEIJING, U.S, China, Taiwan, South, Philippines, Singapore, Pacific, Hawaii, Indonesia, Beijing

☆ Xi says U.S. and China can only be adversaries or partners, with no middle ground
▼ + stars: | 2023-11-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Kevin Lamarque | ReutersBEIJING — The U.S. and China have to choose between being adversaries or partners, Chinese President Xi Jinping told American business executives late Wednesday. Xi Jinping President of China"In this respect, the number one question for us is: are we adversaries, or partners? "No matter how the global landscape evolves, the historical trend of peaceful coexistence between China and the United States will not change," Xi said. Regarding earlier conversations with Biden, Xi said "we agreed to make the cooperation list longer and the pie of cooperation bigger." Xi Jinping President of China

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Xi, Tim Cook, Cristiano Amon —, Gina Raimondo Organizations: Economic Cooperation, Reuters, Beijing, U.S, Apple, Qualcomm, U.S ., China Business Council, National Committee, China Relations, Pandas, San Diego Zoo Locations: Filoli, Asia, Woodside , California, U.S, Reuters BEIJING, The U.S, China, San Francisco, United States, Beijing

Biden attends a meeting with Israeli Prime Minister Benjamin Netanyahu, as he visits Israel amid the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, October 18, 2023. Biden told reporters he was doing everything in his power to free hostages held by the Hamas militant group in Gaza, but that did not mean sending in the U.S. military. Asked to clarify the comment, Biden told a news conference: "What I meant was, I'm doing everything in my power to get you out. Biden said he had told Netanyahu that he did not believe the war would end until a two-state solution was reached. "I made it clear to Israel that I think it's a big mistake to for them to occupy Gaza," he said.

Persons: Biden, Benjamin Netanyahu, Evelyn Hockstein, Joe Biden, we're, Israel, Al Shifa, Netanyahu, Trevor Hunnicutt, Jeff Mason, Andrea Shalal, Sandra Maler, Simon Cameron, Moore Organizations: Israeli, Hamas, REUTERS, Rights, U.S ., U.S, White, Thomson Locations: Israel, Tel Aviv, Rights WOODSIDE , California, Gaza, U.S, Qatar, Al Shifa

☆ China's retail sector is recovering, but real estate continues to drag down growth
▼ + stars: | 2023-11-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's retail sector is recovering, but real estate continues to drag down growthChina reported better-than-expected retail sales and industrial data for October, with retail sales growing 7.6% compared to a year ago. CNBC's Evelyn Cheng reports.

Persons: CNBC's Evelyn Cheng Locations: China

☆ China President Xi meets Biden for the first time in a year
▼ + stars: | 2023-11-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping met Wednesday outside of San Francisco in their first face-to-face encounter in a year. "We have to ensure that competition does not veer into conflict," Biden said at the start of the summit. "Critical global challenges we face, from climate change to counternarcotics to artificial intelligence, demand our joint efforts." Biden and Xi were widely expected to discuss issues such as curbing fentanyl flows into the U.S., safe use of artificial intelligence, and U.S. restrictions on Chinese access to high-end tech. "For two large countries like China and the United States, turning their back on each other is not an option," Xi said in his opening remarks.

Persons: Joe Biden, Xi Jinping, Biden, Xi Organizations: Economic Cooperation, U.S Locations: BEIJING, U.S, San Francisco, Asia, China, United States

☆ China's unfinished property projects are 20 times the size of Country Garden
▼ + stars: | 2023-11-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

HANGZHOU, CHINA - NOVEMBER 15, 2023 - An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images)BEIJING — The size of unfinished, pre-sold homes in China is about 20 times the size of property developer Country Garden as of the end of 2022, according to a Nomura report on Wednesday. "We estimate that there are around 20 million units of unconstructed and delayed pre-sold homes," said Nomura's Chief China Economist Ting Lu and a team. About 3.2 trillion yuan ($440 billion) is needed to complete those remaining units, according to the analysts' estimates. Ensuring construction of the homes has been a government priority since delays make people less willing to buy new apartments.

Persons: Nomura, Ting Lu Organizations: National Bureau, Statistics, Publishing, Getty Images, U.S, Bloomberg News, China Locations: HANGZHOU, CHINA, Hangzhou City, Zhejiang Province, China, BEIJING

☆ China retail sales, industrial data grow faster than expected in October
▼ + stars: | 2023-11-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

(Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesBEIJING — China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. Retail sales grew by 7.6% last month from a year ago, above the 7% growth forecast by a Reuters poll. watch nowWithin retail sales, sports and other leisure entertainment products saw sales surge by 25.7% in October from a year ago, the data showed. The International Monetary Fund last week cited Beijing's policy announcements as a reason to raise its China growth forecast for the year to 5.4%. Real estate and related sectors have accounted for about a quarter of China's gross domestic product.

Persons: Gita Gopinath Organizations: Getty, Nurphoto, Retail, Reuters, Investment, National Bureau of Statistics, Catering, Monetary Fund, IMF, CNBC, UBS Locations: CHONGQING, CHINA, Chongqing, China, BEIJING, Beijing

☆ U.S.-China relations are now more about crisis prevention
▼ + stars: | 2023-11-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

It will be a rare summit before the U.S. presidential election cycle kicks off in earnest. "The immediate aftermath of the [Biden-Xi] meeting is likely to mark a cyclical high point for bilateral relations," he said. Taiwan is set to hold its presidential election in January, and a more pro-independence winner could stir more of Beijing's ire. Beijing considers Taiwan part of its territory, with no right to independently conduct diplomatic relations. The U.S. recognizes Beijing as the sole government of China but maintains unofficial relations with Taiwan, a democratically self-governed island.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Michael Hirson, Trump, Xi, Gabriel Wildau, Antony Blinken, Chuck Schumer, Shen Yamei, Shen, Gina Raimondo, Lifeng, Janet Yellen, Teneo, Nancy Pelosi, Teneo's Wildau Organizations: Reuters, U.S, China Research, Research, D.C, Strategic, International, Biden, Republican, Democratic, American Studies, China Institute of International Studies, CNBC, U.S . Commerce, Treasury, U.S . House, Representatives, Economic Cooperation, China's Ministry of Commerce Locations: Bali , Indonesia, Reuters BEIJING, U.S, China, Taiwan, South China, Washington, Beijing, San Francisco, Gaza, Ukraine, Asia

☆ UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
▼ + stars: | 2023-11-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Meanwhile, the bank's economists suggested that "fewer of the supports for growth that enabled 2023 to overcome those obstacles will continue in 2024." Between March 2022 and July 2023, the FOMC enacted a run of 11 rate hikes to take the Fed funds rate from a target range of 0.25-0.5% to 5.25-5.5%. The bank believes this has renewed growth concerns and shows the economy is "not out of the woods yet." watch now"In our view, the private sector looks less insulated from the FOMC's rate hikes next year. Looking ahead, we expect substantially slower growth in 2024, a rising unemployment rate, and meaningful reductions in the federal funds rate, with the target range ending the year between 2.50% and 2.75%."

Persons: Jerome Powell, Evelyn Hockstein, Arend, You've, CNBC's Joumanna Organizations: Federal, Federal Reserve, Reuters UBS, U.S . Federal Reserve, UBS, Labor, CNBC, UBS European Conference Locations: Washington , U.S, U.S, Swiss, Europe

REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts. The proposal would overhaul how banks gauge risk and, in turn, how much capital they must hold against potential losses. Regulators say stronger cash cushions will make the financial system safer and are especially crucial after three banks failed earlier this year. As part of their campaign to kill the Basel proposal, banks have been lobbying lawmakers to put pressure on the regulators. On Monday, 39 Senate Republicans stepped up the pressure, asking the regulators to scrap the proposal, citing economic harm.

Persons: Michael Barr, Evelyn Hockstein, Barr, Federal Deposit Insurance Corporation's Martin Gruenberg, Mike Hsu, Mark Warner of Virginia, Jon Tester, Isaac Boltansky, Gruenberg, Michelle Price, Pete Schroeder, Jonathan Oatis Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Rights, Federal, Federal Deposit Insurance, Financial, Democrat, Senate, Republicans, Journal, Industrial, Commercial Bank of China, Treasury, Thomson Locations: Washington , U.S, U.S, Basel, Montana

☆ Alphabet CEO, in Play store trial, acknowledges some materials not retained
▼ + stars: | 2023-11-14 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +3 min

He largely stuck to one-word answers but was occasionally admonished by Epic Games' attorney for straying beyond simple answers. Pichai, in examination by a Google attorney, denied he had ever tried to keep any document hidden from a lawsuit. Epic Games has alleged in its lawsuit that app store policies amount to an illegal monopoly and have caused consumers to pay artificially high prices. Google has said changing its systems would cause its Android-based app store to be less secure and damage its ability to compete with Apple (AAPL.O). Google has settled claims over its app store with dating app maker Match Group and from U.S. consumers and U.S. states.

Persons: Sundar Pichai, Joe Biden, Narendra Modi, Evelyn Hockstein, Pichai, ” Pichai, Epic's, “ Fortnite ”, Cary, Greg Bensinger, Matthew Lewis Organizations: Google, U.S, India's, White, REUTERS, Alphabet's Google, Epic Games, Games, Apple, Supreme, Thomson Locations: Washington , U.S, San Francisco, North Carolina, U.S

☆ Tuberville’s One-Man Stand Strains Senate Patience
▼ + stars: | 2023-11-13 | by ( Molly Ball | ) www.wsj.com time to read: 1 min

Sen. Tommy Tuberville’s crusade has earned him the enmity of many of his colleagues and left him increasingly isolated. Photo: EVELYN HOCKSTEIN/REUTERSIf anyone in Washington expects Sen. Tommy Tuberville to back down, he is here to dispel that idea. “I hate to hold people hostage like this,” the Alabama Republican says, sitting in a barren anteroom of his Capitol Hill office suite. “They have nothing to do with this. Do you fight for the Constitution?”

Persons: Sen, Tommy Tuberville’s, EVELYN HOCKSTEIN, Tommy Tuberville Organizations: Alabama Republican Locations: Washington

☆ FDIC Hires Independent Firm to Investigate Alleged Harassment and Discrimination at Regulator
▼ + stars: | 2023-11-13 | by ( Rebecca Ballhaus | ) www.wsj.com time to read: 1 min

Federal Deposit Insurance Corp. Chairman Martin Gruenberg testified on Capitol Hill earlier this year. Photo: EVELYN HOCKSTEIN/REUTERSThe Federal Deposit Insurance Corp. has hired an independent firm to conduct a “top-to-bottom assessment” of alleged harassment and discrimination at the banking regulator, its chairman told staff Monday, hours after The Wall Street Journal published an investigation that found a longtime toxic atmosphere prompted women to quit the agency. In a three-minute video to staff reviewed by the Journal, Chairman Martin Gruenberg said the article “raises some serious allegations about the FDIC workplace” and said the firm would contact employees to solicit their confidential input. He didn’t specify which firm the agency had hired.

Persons: Martin Gruenberg, EVELYN HOCKSTEIN Organizations: Deposit Insurance Corp, Capitol, Federal Deposit Insurance Corp, Journal

☆ Xiaomi claims a record $3.11 billion in Singles Day sales
▼ + stars: | 2023-11-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

(Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone and consumer electronics company Xiaomi claimed record sales across platforms during the Singles Day shopping festival. For a second-straight year, the two online shopping giants declined to share total figures for the Singles Day shopping festival. That's the same figure JD shared for Singles Day results in 2021. The company also claimed first place in different categories of Chinese brands' smartphone sales across other online shopping platforms. In 2022, during the Covid-19 pandemic, Alibaba had said its Singles Day sales were "in line" with the prior year, which had recorded the equivalent of $84.54 billion GMV at the time.

Persons: Xiaomi, JD.com, JD, Alibaba, Tmall Organizations: Getty, Nurphoto, Apple, HSBC, Bain and Company Locations: YICHANG, CHINA, Yichang, Hubei province, China, BEIJING, Hong Kong, Alibaba, 2023e, 2024e

☆ This EV battery stock has potential double-digit gains ahead. UBS thinks it could even surge 100%
▼ + stars: | 2023-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Nomura has a price target of 315 yuan — for an upside of nearly 67% from Friday's close. Even after trimming their price target on the buy-rated stock, the analysts have a price target of 266 yuan — just over 40% upside from Friday's close. They have a price target of 284 yuan, or 50% upside from Friday's close. More products coming to market The company already has just over a third of the global EV battery market, with more products on the way, according to Counterpoint Research. Li Auto, which reported record deliveries in October that beat out Tesla , is launching its first purely battery-powered vehicle in December — with a new CATL battery called Qilin.

Persons: That's, Nomura, CATL, FactSet, Peter Richardson, Li Auto, Tesla, — CNBC's Michael Bloom Organizations: Amperex Technology, BMW, Tesla, Union, HSBC, Revenue, VW, Mercedes, Benz, EV, Jefferies, Research, Chery, UBS Locations: Shenzhen, Friday's, EU, Thuringia, Hungary, —, Jiangxi

☆ Israel sharpens warning to Lebanon as cross-border hostilities spike
▼ + stars: | 2023-11-12 | by ( Dan Williams | ) www.reuters.com time to read: +3 min

The chief Israeli military spokesperson, Rear Admiral Daniel Hagari, described Hezbollah as "the defender of Hamas-ISIS", in reference to the Islamist Palestinian faction whose cross-border rampage against Israel on Oct. 7 sparked a devastating Gaza war. Hezbollah leader Hassan Nasrallah on Saturday described the Israel front as "active". A rocket set off sirens near the Israeli port city of Haifa, 27 km (17 miles) from the Lebanese border, but caused no casualties. Smoke rises as seen from Israel-Lebanon border in northern Israel, November 12, 2023. Residents of villages and towns on the Lebanese border have evacuated southward even as Gaza border communities hit by Hamas emptied, making for some 250,000 internally displaced Israelis.

Persons: Daniel Hagari, Hassan Nasrallah, Israel, Evelyn Hockstein, Rights Israel, Hagari, Antonio Guterres, Fareed Zakaria, Guterres, Maayan Lubell, Crispian Balmer, Giles Elgood Organizations: ISIS, Palestinian, Saturday, Sunday, Lebanese, REUTERS, Rights, IDF, Thomson Locations: Israel, Gaza, Haifa, Lebanese, Lebanon, Beirut, Iran

[1/2] Smoke rises over Gaza as seen from Southern Israel, amid the ongoing conflict between Israel and Palestinian group Hamas, November 10, 2023. French President Emmanuel Macron, in a BBC interview published late on Friday, said Israel must stop bombing Gaza and killing civilians. "Israel is now launching a war on Gaza City hospitals," said Mohammad Abu Selmeyah, director of Al Shifa hospital. On Oct. 12, Israel ordered some 1.1 million people in Gaza to move south ahead of its ground invasion. Palestinian officials said on Friday that 11,078 Gaza residents had been killed in air and artillery strikes since Oct. 7.

Persons: Evelyn Hockstein, Antony Blinken, Blinken, Israel, Emmanuel Macron, Benjamin Netanyahu, Netanyahu, Mohammad Abu Selmeyah, Al, Al Shifa, Nasser, Eylon Levy, Ashraf Al, Qidra, Tedros Adhanom Ghebreyesus, Israel's U.N, Gilad Erdan, Richard Hecht, we'll, Nidal al, Emily Rose, Maayan Lubell, Henriette Chacar, Matt Spetalnick, Grant McCool Organizations: Hamas, REUTERS, Global, White, Israeli, Indonesian Hospital, Palestinian, Reuters, Health, United Nations Security Council, Israel's, Cross, Thomson Locations: Gaza, Southern Israel, Israel, Palestinian, Saudi Arabia, GAZA, United States, U.S, India, France, Paris , New York, Riyadh, Saudi, Gaza City, Al Shifa, Al, Shifa, Quds, Jerusalem

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