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☆ China's richest nepo babies look set to inherit $120 billion
▼ + stars: | 2023-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. All aged under 40, Chinese heirs from at least 11 families will soon have control of wealth worth an estimated $120 billion, according to the Bloomberg Billionaires Index. AdvertisementNongfu Spring is China's biggest water company. Future Publishing/Getty ImagesThe company, worth just over half a trillion dollars, is China's biggest bottled water producer. These billionaire nepo babies are standing by to reap the benefits of China's an almost uninterrupted wealth boom over the past four decades.

Persons: —, Zhong Shu Zi, Zhong, Gao Haichun, nepo, it's Organizations: Service, Billionaire, Bloomberg, University of California, Future Publishing, Brown University, McKinsey, Global Locations: China, Irvine

☆ Dinosaur-killing asteroid impact fouled Earth's atmosphere with dust
▼ + stars: | 2023-10-30 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

The total amount of dust, they calculated, was about 2,000 gigatonnes - exceeding 11 times the weight of Mt. While prior research highlighted two other factors - sulfur released after the impact and soot from the wildfires - this study indicated dust played a larger role than previously known. "It was cold and dark for years," Vrije Universiteit Brussel planetary scientist and study co-author Philippe Claeys said. "While the sulfur stayed about eight to nine years, soot and silicate dust resided in the atmosphere for about 15 years after the impact. "Without the impact, my guess is that mammals - including us - had little chance to become the dominant organisms on this planet."

Persons: grâce, Cem Berk Senel, Philippe Claeys, Özgür Karatekin, Karatekin, Claeys, Will Dunham, Rosalba O'Brien Organizations: Royal Observatory of, Vrije Universiteit Brussel, Nature, Dinos, Thomson Locations: North Dakota, WASHINGTON, Yucatan, Everest, Dakota, Royal Observatory of Belgium, Vrije, Belgium

OnePlus entered the US market for tablet-hybrid foldable phones on Thursday with the launch of the OnePlus Open, which is available to preorder now and set for release on October 26. Among other noteworthy specs, the OnePlus Open has a five-camera system and a singular slate of multitasking features. AdvertisementAdvertisementThe OnePlus Open costs $1,699 and comes with 512GB of storage. OnePlus is offering a minimum $200 off the OnePlus Open when you trade in "any phone" at "any condition" through its website. AdvertisementAdvertisementOnePlus Open: Hands-on impressionsThe OnePlus Open's exterior display presents a familiar phone experience.

Persons: OnePlus, John Lynch Organizations: Samsung, Hasselblad, Sony Locations: OnePlus

☆ How the world's hottest new pepper, Pepper X, compares to its top 6 predecessors like the Carolina Reaper and Ghost
▼ + stars: | 2023-10-18 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +2 min

Guinness World Records crowned Pepper X the world's hottest pepper. AdvertisementAdvertisementApparently, when you taste the world's hottest pepper, both your face and chest feel tight, and it's difficult to form words, as evidenced by the reaction on the YouTube show "Hot Ones." Ed Currie, creator of Pepper X, appeared on the show to receive the Guinness World Record for the hottest pepper, measuring an average of 2.693 million Scoville Heat Units. Jeffrey Collins/AP/AlessandroZocc/Getty ImagesUntil now, no one had beaten the previous record for the world's hottest pepper in over a decade. How Pepper X compares to the 6 hottest peppers before itSince 2011, Guinness has awarded several peppers with the prestiguous honor of "world's hottest."

Persons: Pepper, —, Ed Currie, Pepper X, Claus Pilgaard, Currie, Jeffrey Collins, Wilbur Scoville, Guinness Organizations: World Records, Service, SHU

☆ World's hottest chili pepper declared Chili Pepper X by Guinness World Records
▼ + stars: | 2023-10-17 | by ( Chris Boyette | ) edition.cnn.com time to read: +1 min

Chili Pepper X has captured the spicy record as the world’s hottest, Guinness World Records announced on Monday. By comparison, the average jalapeño pepper scores between 3,000 to 8,000 SHU, according to Guinness. Ed Currie holds up certification that his new Pepper X variety of peppers is the hottest in the world, according to the Guinness Book of World Records Jeffrey Collins/APPepper X is grown by Ed Currie, founder of Puckerbutt Pepper Company in South Carolina. “Ed cultivated Pepper X on his farm for over 10 years, cross breeding it with some of his hottest peppers to increase its capsaicin content,” Guinness said on its website. Currie first presented Pepper X to the world on an episode of the popular YouTube series, “Hot Ones.”“Those who don’t fear the Reaper are fools.

Persons: Chili Pepper X, Carolina, Wilbur Scoville, Ed Currie, Pepper, World Records Jeffrey Collins, Ed, Pepper X, ” Guinness, Currie, ” “ Organizations: CNN, Guinness World Records, Winthrop University, Guinness, World Records, Puckerbutt Pepper Company Locations: South Carolina, American

That's why I'm spending Prime Day looking out for the gaming deals that are actually worth your money. I've been scouring Amazon Prime Big Deal Day's kitchen section to find Prime Day deals on kitchen items. Displays can vary a lot in performance, so figuring out which Prime Day deals on TVs are worth your money can be tricky. Some of the best Prime Day deals on printers include the Brother MFC-J1010DW, a budget multi-function unit that's less than $80. I'm also loving the Prime Day deals on Rivet furniture (read our Rivet review), including 15% off a leather sectional.

Persons: we've, I've, Zelda, I'm, — William Antonelli, that's, — Gabrielle Chase, Lily Alig, — Steven Cohen, Apple, There's, — John Lynch, Amazon Steven Cohen, James, — James Brains, Sam Crozier, — Sally Kaplan, Lash, haircare, — Kevin Webb, Les Shu, — Lauren Savoie, Anker, soundbar, wimpy, — Lisa Sabatini, Amazon Emma Kershaw, Sarah Saril, Rick Stella Organizations: Amazon Amazon, Hispanic Heritage, Amazon Antonio, Boas, Buyers, Sony WH, Amazon Apple, Apple Watches, Amazon, Samsung, Amazon The, Casper, Samsung's, Facebook, Amazon Dyson, Deal, Nvidia, Gaming, MFC, HP, Samsung Watch, Garmin, Apple, Amazon Amazon Prime, Kindle Locations: Western

While we've been sharing the very best Prime Day deals throughout the sale, there are some great finds our editors recommend snagging right now. William Antonelli, tech reporterAmazonI'm taking this Prime Day to upgrade some of the old gadgets I've got in my house. I go through many shoes when training for marathons, and Prime Day is when I pick up a new pair or two. Last Prime Day, I purchased the Asics Men's Gel-Nimbus 24 Running Shoes. These Prime Day deals most certainly took a bite out of my wallet, but at a fraction of the price you'd normally pay for these items.

Persons: we've, they've, Lauren Savoie, Sephora, I'm, I've, William Antonelli, James Brains, Jaclyn Turner, who's, Keepa, it's, Lisa Sabatini, It's, I'd, Sarah Saril, Amazon Organizations: Amazon, Logitech, Philips, Machine, Prime

Learn moreAmazon's October Prime Day event is here, as its Prime Big Deal Days sale takes place October 10 and 11. Below are the best Prime Day fitness tracker deals you can buy, including discounts on a few smartwatches that offer essential fitness features. To see more of what's on sale during Prime Big Deal Days, check out our live roundup of the best Prime Day deals. The best Prime Day fitness tracker dealsSee more fitness tracker deals at Amazon. Prime Day fitness tracker deals buying adviceIs Prime Day the best time to buy a fitness tracker?

Persons: you've, it's Organizations: Deal, Garmin, Apple, Amazon, Prime, Apple Watch, Samsung, Amazon Prime

Although the newly released Apple Watch Series 9 isn't on sale, the new Ultra 2 and previous generation models, like the Series 8 and Apple Watch SE, have had their prices slashed. Below are all the best Prime Day Apple Watch deals, including $80 off the 41mm Apple Watch Series 8. And for more discounts on other products, check out our live roundup of all the best Prime Day deals. The best Prime Day Apple Watch dealsSee more Apple Watch deals at Amazon. Prime Day Apple Watch deals buying adviceIs Prime Day a good time to buy an Apple Watch?

Persons: you'll, They're, it's Organizations: Deal, Apple Watch, Apple, Amazon, Amazon Prime

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine will represent a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

The vessel's ability to carry a powerful heavyweight torpedo capable of defeating ships and submarines — the US-made Mark 48, or Mk-48 — is a real eye-catching feature. The vessel — its English name "Narwhal" and Mandarin name "Hai Kun" — is the first sub of the island's Indigenous Defense Submarine program, a top priority in Taipei. AdvertisementAdvertisementTaiwan President Tsai Ing-wen receiving a submarine model in front of Taiwan's first locally built submarine, "Narwhal," during the vessel's unveiling ceremony at the CSBC Corporation shipbuilding company in Kaohsiung in September. US Navy/MC1 Michael B ZingaroOriginally designed in the late 1960s and deployed in the late 1980s, the Mk-48 torpedo was intended to counter advances in Soviet submarine technology. These considerations make the Mk-48 torpedo key.

Persons: —, Tom Shugart, who's, they're, Tsai Ing, Bryan Clark, Clark, Donald Trump, Michael B, It's, Shugart, MCSN Jaimar Carson, Huang Shu, kuang, they've, Philip Davidson, Michael B Zingaro, it's, Huang, wouldn't Organizations: China, Service, US, Center, New, New American Security, Indigenous Defense, CSBC Corporation, SAM, Getty, US Navy, Hudson Institute, Army, Pacific Command, Tomahawk, Maritime Locations: Taiwan, bulking, New American, Kaohsiung, Taipei, AFP, Los Angeles, Columbia, Soviet, Jefferson City, Beijing, China, Ukraine

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine represents a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Learn moreSamsung's Galaxy Watch line of wearables has long been Android's answer to the Apple Watch, offering as close to a comparable experience as there is. With the recent release of the Samsung Galaxy Watch 6 and Watch 6 Classic, that distinction is true for yet another year. It does have the largest screen of any Galaxy Watch, measuring 3mm larger than the Watch 5 Pro. If it's accurate activity tracking you're after in a Galaxy Watch, the Watch 5 Pro is a far better option with more reliable GPS. AdvertisementAdvertisementThe best experience requires the use of a Samsung phoneCompatibility has long been a weakness of the Samsung Galaxy Watch, and the Watch 6 Classic is no different.

Persons: Rick Stella, It's, durably Organizations: Galaxy, Apple Watch, Samsung Galaxy Watch, Galaxy Watch, Samsung, Navigation, Samsung Galaxy, Samsung Health Monitor

☆ Taiwan investigating accusation submarine program details leaked
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Taiwan's President Tsai Ing-wen attends the launching ceremony of Narwhal, its first domestically built submarine, in Kaohsiung, Taiwan September 28, 2023. REUTERS/Carlos Garcia Rawlins/File Photo Acquire Licensing RightsTAIPEI, Oct 2 (Reuters) - Taiwan prosecutors said on Monday they are investigating accusations that people tried to interfere in the island's submarine program and that details about it were leaked, in what would be a serious breach of security. Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a project aimed at strengthening the island's defence and deterrence against the Chinese navy, though it won't enter service for two years. Taiwan, which China views as its own territory, has made the indigenous submarine program a key part of an ambitious project to modernise its armed forces as Beijing stages almost daily military exercises to assert its sovereignty claims. The submarine program has drawn on expertise and technology from several countries - a breakthrough for diplomatically isolated Taiwan.

Persons: Tsai Ing, Narwhal, Carlos Garcia Rawlins, Huang Shu, kuang, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan's, Prosecutors Office, Thomson Locations: Kaohsiung, Taiwan, Rights TAIPEI, China, Beijing

☆ Taiwan Investigating Accusation Submarine Program Details Leaked
▼ + stars: | 2023-10-02 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

TAIPEI (Reuters) - Taiwan prosecutors said on Monday they are investigating accusations that people tried to interfere in the island's submarine program and that details about it were leaked, in what would be a serious breach of security. Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a project aimed at strengthening the island's defence and deterrence against the Chinese navy, though it won't enter service for two years. Taiwan's Supreme Prosecutors Office, in a short statement, said Huang's accusations had attracted "great attention" given the national security and defence implications. Taiwan, which China views as its own territory, has made the indigenous submarine program a key part of an ambitious project to modernise its armed forces as Beijing stages almost daily military exercises to assert its sovereignty claims. The submarine program has drawn on expertise and technology from several countries - a breakthrough for diplomatically isolated Taiwan.

Persons: Huang Shu, kuang, Ben Blanchard, Gerry Doyle Organizations: Taiwan's, Prosecutors Office Locations: TAIPEI, Taiwan, China, Beijing

KAOHSIUNG, Taiwan, Sept 28 (Reuters) - Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a years-long project aimed at strengthening the island's defence and deterrence against the Chinese navy. Taiwan, which China claims as its own territory, has made the indigenous submarine program a key part of an ambitious project to modernise its armed forces as Beijing stages almost daily military exercises to assert its sovereignty. "In the past, a domestically developed submarine was considered an impossible task. The programme has drawn on expertise and technology from several countries - a breakthrough for diplomatically isolated Taiwan. Taiwan hopes to deploy at least two such domestically developed submarines by 2027, and possibly equip later models with missiles, the head of the program said this month.

Persons: Tsai Ing, Tsai, Lockheed Martin, Admiral Huang Shu, Carlos Garcia, Walid Berrazeg, Sarah Wu, Ben Blanchard Organizations: Lockheed, Lockheed Martin Corp, Thomson Locations: KAOHSIUNG, Taiwan, China, Beijing, Kaohsiung

☆ 'Narwhal' ship: Taiwan unveils first domestically built submarine as China threat grows
▼ + stars: | 2023-09-28 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“It is also important equipment for our naval forces in developing asymmetric warfare strategies.”“In the past, many people thought building an indigenous submarine would be an impossible task. Taiwan's president gives a speech at the launch ceremony of Taiwan's first domestically built submarine, in Kaohsiung on September 28. Tsai said the indigenous submarine project was “a top priority” of her administration. Video Ad Feedback Taiwan's military is preparing in case China attacks. But Taiwan’s indigenous military procurement program remains a lynchpin of its defense strategy, particularly when it comes to systems like anti-ship missiles that could defend against a potential invasion.

Persons: Tsai Ing, Kun, ” Tsai, “, Tsai, Taiwan's, Eric Cheung, Sandra Oudkirk, Washington’s, Admiral Huang Shu, kuang, Huang, ” Huang, Collin Koh, ”, Admiral Huang, Joe Biden, Donald Trump, Xi Jinping, Nancy Pelosi, Lee Teng Organizations: Taiwan CNN, Taiwan, CNN, National Security Council, Rajaratnam, of International Studies, PLA Navy, Party, US Pacific Fleet Locations: Kaohsiung, Taiwan, Taipei, Beijing, China, ”, Philippines, Japan, Singapore, Philippine, United States, Taiwan Strait, South Korea, India

Taiwan President Tsai Ing-wen attends a ceremony for the start of construction of a new submarine fleet in Kaohsiung, Taiwan, November 24, 2020. Admiral Huang Shu-kuang, Tsai's security adviser, who is leading the program, said a fleet of 10 submarines - which includes two Dutch-made submarines commissioned in the 1980s - will make it harder for the Chinese navy to project power into the Pacific. He called the submarines a "strategic deterrent" to Chinese warships crossing the Miyako Strait near southwestern Japan or the Bashi Channel that separates Taiwan from the Philippines. "If Taiwan is taken, Japan will definitely not be safe, South Korea will definitely not be safe." Eastern Taiwan is where planners have long envisioned the island's military regrouping and preserving its forces during a conflict.

Persons: Tsai Ing, Ann Wang, Admiral Huang Shu, Huang, Lockheed Martin, Chieh Chung, doesn't, Britain's, Yimou Lee, Gerry Doyle Organizations: REUTERS, Rights, Reuters, Lockheed, Lockheed Martin Corp, U.S ., Shandong, Foundation, Taiwan, Britain's Royal Navy, Thomson Locations: Taiwan, Kaohsiung, Rights TAIPEI, China, Beijing, U.S, Japan, Philippines, Borneo, South Korea, Eastern Taiwan, United States, India, Britain, Gibraltar

☆ Taiwan Expects to Deploy Two New Submarines by 2027 -Security Adviser
▼ + stars: | 2023-09-24 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +6 min

By Yimou LeeTAIPEI (Reuters) - Taiwan hopes to deploy at least two new, domestically developed submarines by 2027, and possibly equip later models with missiles, to strengthen deterrence against the Chinese navy and protect key supply lines, the head of the program said. Admiral Huang Shu-kuang, Tsai's security adviser, who is leading the program, said a fleet of 10 submarines - which includes two Dutch-made submarines commissioned in the 1980s - will make it harder for the Chinese navy to project power into the Pacific. He called the submarines a "strategic deterrent" to Chinese warships crossing the Miyako Strait near southwestern Japan or the Bashi Channel that separates Taiwan from the Philippines. "If Taiwan is taken, Japan will definitely not be safe, South Korea will definitely not be safe." Eastern Taiwan is where planners have long envisioned the island's military regrouping and preserving its forces during a conflict.

Persons: Yimou Lee, Tsai Ing, Admiral Huang Shu, Huang, Lockheed Martin, Chieh Chung, doesn't, Britain's, Gerry Doyle Organizations: Reuters, Lockheed, Lockheed Martin Corp, U.S ., Shandong, Foundation, Taiwan, Britain's Royal Navy Locations: Yimou Lee TAIPEI, Taiwan, China, Beijing, U.S, Japan, Philippines, Borneo, South Korea, Eastern Taiwan, United States, India, Britain, Gibraltar

☆ Deliveroo lacks tasty recipe for takeover call
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 14 (Reuters Breakingviews) - Deliveroo’s (ROO.L) valuation makes it a plausible takeover target, but Chief Executive Will Shu has a weak hand in negotiating any deal. Activist investor Sachem Head Capital Management has built a stake in the London-listed food delivery company, Bloomberg reported late on Wednesday. Share prices of Deliveroo rose nearly 5% on Thursday morning. That’s below the 1.5 times average of rivals Delivery Hero (DHER.DE), Just Eat Takeaway.com (TKWY.AS), HelloFresh (HFGG.DE) and DoorDash (DASH.N). Lastly, Delivery Hero and Amazon’s 5% and 12.5% stakes could complicate any deal.

Persons: Will Shu, LSEG, Uber, Karen Kwok, BoE, Neil Unmack, Streisand Neto Organizations: Reuters, Head Capital Management, Bloomberg, X, Treasury, Thomson Locations: London

AdvertisementAdvertisementWhere to preorder the Apple Watch Ultra 2Preorders of the Apple Watch Ultra 2 are available now via Apple's online store. Apple Watch Ultra 2 pricingThe Apple Watch Ultra 2 comes in one sizing option, 49mm, and one case option, titanium. With the release of the Apple Watch Ultra 2, the original Apple Watch Ultra is no longer for sale via Apple's website. AdvertisementAdvertisementApple Watch Ultra 2 upgradesAlthough the Apple Watch Ultra 2 replaces last year's Apple Watch Ultra, its year-over-year changes are minimal. Apple Watch Ultra 2 environmental impactSimilar to the Series 9, some configurations of the Apple Watch Ultra 2 are fully carbon neutral.

Persons: it's, Siri Organizations: Apple, Apple Watch, Garmin, Apple's

Learn moreApple officially announced the Apple Watch Series 9 during its annual product event on September 12. AdvertisementAdvertisementWhere to preorder the Apple Watch Series 9Preorders of the Apple Watch Series 9 are available now via the Apple website and the watch officially launches on September 22. AdvertisementAdvertisementApple Watch Series 9 pricingThe Apple Watch Series 9 will be available in two different sizes, including a 41mm model and a 45mm model. Here's the pricing breakdown of all models:Apple Watch Series 9 (41mm): $399Apple Watch Series 9 (41mm, stainless steel): $699Apple Watch Series 9 (45mm): $429Apple Watch Series 9 (45mm, stainless steel): $749The Apple Watch SE, Apple's budget watch option, remains in the company's lineup and costs $249. AdvertisementAdvertisementApple Watch Series 9 new accessoriesApple; InsiderApple announced a number of new accessories for the Apple Watch Series 9, including a new suede-like woven band, a redesigned Sport Loop, and new collections with both Nike and Hermes.

Persons: Siri, Apple Organizations: Apple, Nike, Apple Watch

ROME (AP) — “Poor Things,” a film about Victorian-era female empowerment, won the Golden Lion on Saturday at a Venice Film Festival largely deprived of Hollywood glamour because of the writers and actors strikes. The film, starring Emma Stone, won the top prize at the 80th edition of the festival, which is often a predictor of Oscar glory. The film tells the story of two young boys’ odyssey from Dakar, Senegal, to the detention camps in Libya and finally across the Mediterranean to Europe. Peter Sarsgaard won best actor for “Memory,” in which he co-stars with Jessica Chastain in a film about high schoolers reuniting. Cailee Spaeny won best actress for “Priscilla,” Sofia Coppola's portrait of the private side of Priscilla and Elvis Presley.

Persons: Emma Stone, Yorgos Lanthimos, Stone, ” Lanthimos, Alasdair Gray’s, Bella Baxter, Matteo Garrone, Seydou Sarr, Agnieszka Holland’s “, Peter Sarsgaard, Jessica Chastain, Sarsgaard, Cailee Spaeny, “ Priscilla, ” Sofia, Priscilla, Elvis Presley, Damien Chazelle, Saleh Bakri, Jane Campion, Mia Hansen, Løve, Gabriele Mainetti, Martin McDonagh, Santiago Mitre, Laura Poitras, Shu Qi Organizations: ROME, Lion, Venice Film Locations: Venice, Europe, Dakar, Senegal, Libya, Polish, Belarus, Shu

☆ China says the best way to 'de-risk' is to restore stability with the U.S.
▼ + stars: | 2023-09-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mandel Ngan | Afp | Getty ImagesBEIJING — China's Ministry of Commerce said Thursday that restoring stability in U.S.-China trade relations is the best way to "de-risk" — a twist to a term that's become popular in international politics. That also "allows bilateral economic trade relations to better play the role of 'ballast,' stabilizing business expectations and increasing business confidence for carrying out trade and investment." In November last year, U.S. President Joe Biden and Chinese President Xi Jinping met in Bali, Indonesia, for their first in-person meeting since Biden took office. Their meeting kicked off formal plans for U.S. Secretary of State Antony Blinken and other U.S. senior officials to visit China this year. Following her meetings, the U.S. and China agreed to establish regular communication channels on commerce, export controls and protecting trade secrets.

Persons: Joe Biden, Xi Jinping, Roosevelt, Mandel Ngan, Shu Jueting, Biden, Antony Blinken, Scott Kennedy, International Studies Shu, Wang Wentao, Gina Raimondo, Shu, Raimondo, Wang, CNBC's Eunice Yoon Organizations: White, Afp, Getty, BEIJING, China's Ministry of Commerce, Ministry of Commerce, CNBC, U.S, Scott, Scott Kennedy Center for Strategic, International Studies, Commerce, Center for Strategic, . Commerce Locations: Washington ,, China, Bali, U.S, Bali , Indonesia, Beijing, Shanghai, America

☆ CNBC Daily Open: Stocks are under pressure from Treasury yields
▼ + stars: | 2023-08-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The pan-European Stoxx 600 index retreated 0.9%, weighed down by industrials and technology stocks. Chinese countermeasuresSeparately, China's Ministry of Commerce said it might respond to the Biden administration's executive order restricting U.S. investment in sensitive Chinese technology. [PRO] Surprise social stock pickEvercore ISI's Mark Mahaney is famous for his analysis of technology stocks.

Persons: David Roche, it's, Roche, Shu Jueting, Bitcoin, Sylvia Jablonski, Mark Mahaney Organizations: New York Stock Exchange, CNBC, Treasury, China's Ministry of Commerce, Biden Locations: New York City, Norway's, Defiance

☆ China is considering countermeasures to Biden's executive order
▼ + stars: | 2023-08-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. BEIJING — China's Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration's executive order to restrict U.S. investments in advanced Chinese technology. China's Ministry of Commerce has met with businesses to understand the order's impact, spokesperson Shu Jueting said in Mandarin, translated by CNBC. "On that basis, we are making a comprehensive assessment of the executive order's impact, and will take necessary countermeasures based on the assessment's results," Shu said. U.S. President Joe Biden last week signed an executive order aimed at restricting U.S. investments into Chinese semiconductors, quantum computing and artificial intelligence companies over national security concerns.

Persons: Shu Jueting, Shu, Joe Biden Organizations: Bund, BEIJING — China's Ministry of Commerce, Biden, China's Ministry of Commerce, CNBC Locations: Shanghai, China, BEIJING

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