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☆ Putin Came to Asia to Disrupt, and He Succeeded
▼ + stars: | 2024-06-22 | by ( Damien Cave | ) www.nytimes.com time to read: +1 min

Four days in Asia. That’s all President Vladimir V. Putin of Russia needed to anger Washington, undermine Beijing and rattle a collection of Indo-Pacific nations already scrambling to cope with a jumbled world order. After stops in Pyongyang and Hanoi this week that were draped in Communist red, Mr. Putin left behind a redrawn map of risk in Asia. North Korea sat at the center: a rogue nuclear state that regularly threatens its neighbors, suddenly empowered by Russian promises of sophisticated military aid and a mutual defense pact. Mr. Putin also signed at least a dozen deals with Vietnam — a country of growing importance for both China and the United States as they vie for influence — where he insisted that “reliable security architecture” could not be built with “closed military-political blocs.”The trip was both defiant and disruptive.

Persons: Vladimir V, Putin, Mr Locations: Asia, Russia, Washington, Beijing, Pyongyang, Hanoi, Asia . North Korea, Vietnam, China, United States

☆ ‘My vision went dark’: CNN reporter experiences 6G-force before hitching a fighter jet ride
▼ + stars: | 2024-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +11 min

Four South Korean F-4 fighter jets fly in formation on May 8, 2024, during a commemorative final flight of the aircraft. That test would come a few weeks before the F-4 flight at a South Korean Air Force medical facility south of Seoul. Lendon in the back seat of a South Korean F-4 Phantom flying over southern South Korea on May 8, 2024. South Korean Air Force F-4s flying in formation with two KF-21 fighter jet prototypes over southern South Korea on May 8, 2024. A total of 120 are expected to be delivered to the South Korean Air Force by 2030, and the jet is expected to be exportable.

Persons: Douglas, Lendon, –, didn’t, I’m, It’s, Neil Armstrong, John Glenn, I’d, don’t, South Korea Brad Lendon, Daegu –, vomited, “, ”, wouldn’t Organizations: South Korea CNN —, South Korean Air Force, US Navy, CNN, US Navy Blue Angels, US Air Force Thunderbirds, hometown Cleveland National Air, South, McDonnell, US, Korean, Wright, Daegu Air Base, Daegu, General, KF, Korean Air Force, South Korean Air Force Korea Aerospace Industries, Phantoms, Boeing, South Korean Airforce, Suwon Air Base Locations: Suwon, South Korea, Midway, Japan, Vietnam, North Korea, Seoul, Greece, Turkey, Iran, Daegu, Ohio, Korean, South Korean

☆ CDK's cyber outage hits U.S. auto dealers for second day in a row
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +1 min

A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said on Thursday. "The CDK outage is impacting automotive dealerships across the U.S. and Canada, including a portion of BMW Group dealers," a spokesperson for BMW North America told Reuters. CDK told Reuters it was working to reinstate its services and get its dealers back to business "as quickly as possible". The company, which provides software to car dealerships, briefly shut down all its systems on Wednesday, saying it was investigating a cyber incident. Investment firm Brookfield Business Partners bought CDK in April 2022 for $6.41 billion in a cash deal, taking the last major publicly traded provider of software to auto dealers and manufacturers private.

Persons: CDK, Holman Organizations: CDK, BMW Group, BMW North America, Reuters, National Automobile Dealers Association, Privately, Investment, Brookfield Business Partners Locations: United States, Canada, CDK

☆ 2 Goldman Sachs interns share their Wall Street experience and secrets for success, from early mornings to overcommunicating
▼ + stars: | 2024-06-21 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +13 min

Stankard should know — he's a rising senior now, but this will be his second summer interning for Goldman's sales and trading division. "I've always been interested in business generally," said Young about her decision to intern with Goldman last summer. For sales & trading interns like him, the summer is different — they split their nine weeks between two "pods" within the division. Dan Dees Goldman SachsA summer at Goldman is hard workTraders are known for having early work schedules to get ahead of the trading day and clients' needs. Goldman interns mingle Emmalyse BrownsteinAdvice for other interns and applicantsStanding out is hard in the application process.

Persons: —, Goldman Sachs, Anna Kouba, Goldman, Robbie Stankard, He's, Stankard, you've, Willow Young, Goldman Young, I've, Young, Dan Dees, Dees, Tony Pasquariello, Lucy DeStefano, he's, Lucy, they're, Dan Dees Goldman Sachs, it's Organizations: Service, Business, Goldman, Columbia University's, Stanford University, Financial, Group, FIG, Bloomberg, Soros Fund, CNBC, Investment, Wall Locations: Jersey, California, Chicago, New York, Westwood , Massachusetts

☆ Supreme Court rejects challenge to tax on foreign investments — but avoids wealth tax debate
▼ + stars: | 2024-06-21 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

An exterior view of the Supreme Court on June 20, 2024 in Washington, DC. In a closely watched case, the Supreme Court on Thursday denied a challenge to a federal tax on certain foreign investments — but left questions about whether a wealth tax is constitutional. The provision was enacted via the Republicans' 2017 tax overhaul to help pay for the legislation's other tax breaks. While the Supreme Court upheld the tax on the Moores, the justices steered clear of the broader debate on whether a wealth tax is constitutional. He emphasized the limited scope of the opinion and how it only addressed the "precise and narrow question" of the Moore's case.

Persons: Moore, Moores, Xers, haven't, Brett Kavanaugh Organizations: Republicans, Finance, Trump, Moores Locations: Washington , DC, United States, Washington, India

☆ Final Trades: Leidos, Oracle, Cheniere Energy and the XLV
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Leidos, Oracle, Cheniere Energy and the XLVThe Investment Committee share their top plays for the second half.

Organizations: Oracle, Cheniere Energy

☆ Election Updates: Trump has rapidly eroded Biden’s edge in the 2024 cash battle.
▼ + stars: | 2024-06-21 | by ( Shane Goldmacher | Theodore Schleifer | ) www.nytimes.com time to read: +10 min

Overall, Mr. Trump was a daunting $100 million behind Mr. Biden at the start of April. And for the first time, Mr. Trump’s principal campaign committee had more cash than Mr. Biden’s: $116.5 million to $91.6 million. report does not translate to boots on the ground tomorrow,” Dan Kanninen, Mr. Biden’s battleground states director, said in an interview. So far, Mr. Biden has enjoyed a tremendous advertising advantage over Mr. Trump. Hopefully that changes as we get even closer.”For now, Mr. Biden is racing to replenish his coffers in June.

Persons: Donald J, Trump, Biden, outpacing, Trump’s, ”, Brian Derrick, ” Mr, Timothy Mellon, “ What’s, Dan Kanninen, Donald Trump, ” Steven Cheung, Mr, Joe, President Trump, Cheung, Jimmy Kimmel, Barack Obama, Erin Schaff, Nikki Haley, Haley’s, John Paulson, Stephen A, MAGA, Rufus Gifford, Mitt Romney, Barack Obama’s, Jon Reinish, He’s, Obama, Terry McAuliffe, Bill Clinton, — Andy Beshear, JB Pritzker, Gretchen Whitmer Organizations: Mr, Democratic National Committee, Republican National Committee, Trump, Biden, Democratic, Republican, The New York Times, Blackstone, Make, Inc, MAGA Inc, Hollywood, Illinois Locations: New York, Los Angeles, Trump’s Florida, Mar, AdImpact, Pennsylvania, Georgia, Virginia, Kentucky, Michigan, Atlanta

☆ Carlsberg slides 8%, set for largest drop in four years, after Britvic rejects $3.9 billion takeover offer
▼ + stars: | 2024-06-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer's £3.11 billion ($3.9 billion) takeover proposal. This is the company's largest single-day share drop since March 12, 2020, when stock fell 8.77%. Earlier in the session, Britvic announced it had on June 17 refused an improved cash takeover bid from Carlsberg offering 1,250 pence per share of the British soft drinks maker. This was Carlsberg's second bid, after its June 6 offer price of 1,200 pence per Britvic share was also declined. Carlsberg confirmed the rejection of its second proposal, which it qualified as "a compelling opportunity for Britvic shareholders to realise their investment in full in cash at an attractive valuation."

Persons: Britvic Organizations: Carlsberg, PepsiCo Locations: London, Danish, Britain

☆ The Everything Guide to Partying (Without Regrets)
▼ + stars: | 2024-06-21 | by ( George Gurley | Carson Griffith | ) www.nytimes.com time to read: +22 min

And don’t ask who else is coming. Romilly Newman, chef, food stylist, social media personality Don’t bring a guest to a seated dinner. Raul Tovar/Houses & Parties Rebecca Gardner Please don’t ask people to take off their shoes when entering your apartment. Bronson van Wyck Gosh, I don’t think you can avoid certain topics in 2024. But don’t think you’re décor.

Persons: Ivy Getty, Rufus Wainwright, We've, Lang Phipps, Kate Upton, Illa Gaunt, Rebecca Gardner, William Laird, Sarah Harrelson, Jen Rubio, Jason Sean Weiss Sarah Harrelson, Alex Hitz, Ariel Arce, Larry Milstein, Eat, Maneesh, “ I’m, Wes Gordon, Lizzi Bickford, Smile, Tefi Pessoa, Daisy Prince, There’s, “, Kristy Hurt, headhunter, Kendall Werts, Don’t, Jorn Weisbrodt Rufus Wainwright, Harry Hurt III, Liz Lange, Athena Calderone, Jennifer Gilbert, Kyle Hotchkiss Carone, it’s, you’ve, you’re, ”, Krista Schlueter, The New York Times Molly Jong, Gary Jackson Bronson van, —, Laila Gohar, Susan Gutfreund, it’ll, Josh Flagg, somebody’s, Bronson van Wyck, Max Tucci, Sara Ruffin Costello, David Sedaris’s, Steven Badius, Kyle Hotchkiss, Kendall Werts “, It’s, Truman Capote, Jennifer Gilbert Don’t, Romilly Newman, Raul Tovar, don’t, Emily Post, ” They’re, Jobe, Lela Rose, ” Lizzi Bickford, Paloma Sandoval, Elsie Richter, Whitney, I’m, Zibby Owens, Molly Jong, That’s, Yana Paskova, The New York Times Harry Hurt, Elise Taylor, Francis Hauert, Doris Hauert, Jana Platina, Plum Sykes, Putin, Julie Reiner, Karsten Moran, Jennifer Gilbert I, Ken Fulk, Nobody, Giselle, Emma Gwyther, The New York Times Kendall Werts, Sedi, Nikki Haskell, Andy Warhol, Richard Weisman, Patricia Altschul, Amy Sacco, Hunter McRae, The New York Times Patricia Altschul, Dorothy Parker, Joey Wolffer Joey Wölffer, they’re, now’s, Rufus Wainwright I’m Organizations: Yorker, The New York Times, Trump, Biden, The New York, Google Locations: Converse, Uggs, Gardens, East Hampton, N.Y, New York, Gary Jackson Bronson van Wyck, we’ll, Delmonico’s, Europe, stow, someone’s, New Hampshire, Ukraine, Israel

☆ Extreme heat takes toll on outdoor workers
▼ + stars: | 2024-06-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

There’s little to no escape from sweltering temperatures for construction workers like Eva Marroquin, who cleans work sites in Austin, Texas, and has worked in the industry for 17 years. Since 2010, she’s worked closely with the Workers Defense Project, an organization that advocates for protections for low-wage, immigrant workers in the Texas construction industry. Slowing down small businessesIt’s barely just now summer, and heatwaves are already slowing down small businesses, according to Homebase, which provides payroll software to more than 100,000 small businesses, covering 2 million hourly workers. “I think anything that impacts small businesses is affecting the economy as a whole,” he said, noting how small businesses account for half the jobs in the country. For herself, the high heat is more of an inconvenience; the car’s hotter and she just needs to pack some extra water.

Persons: Eva Marroquin, ” Marroquin, Christine Bolaños, she’s, Chris Lafakis, ”, Joshua, Gina Ferazzi, Gregory P, Casey, Jenny Schuetz, Brian Snyder, aren’t, “, John Waldmann, They’re, Katie Parent, Joseph Prezioso, Greer, Denise Greer Jamerson, Norman, Greer Jamerson, you’ve, ‘, “ It’s, it’s, Tamara Lovewell, café, panini, Tamara Lovewell “, Lovewell Organizations: CNN, Capitol, Workers Defense Project, Moody’s, Federal Reserve Bank of San, Williams College, Triple, Los Angeles Times, Environmental Protection Agency, Brookings Metro, Reuters, University of California, Stanford University, Getty, National Weather Service, Ruska Coffee Company Locations: Austin , Texas, Washington ,, Texas, Federal Reserve Bank of San Francisco, Massachusetts, Joshua Tree , California, Boston, Greater Boston, AFP, Princeton , Indiana, , Maine, United States, Caribou .

☆ Calls of the Day: Palo Alto, Tesla and Freeport-McMoran
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Palo Alto, Tesla and Freeport-McMoranThe Investment Committee discuss the latest Calls Of The Day.

Organizations: Investment Locations: Tesla, Freeport

☆ U.S. Moves Ahead With Plan to Restrict Chinese Technology Investments
▼ + stars: | 2024-06-21 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The Biden administration on Friday outlined its plans to curb new American investment in critical Chinese technology industries that could be used to enhance China’s military, further straining economic ties with Beijing at a time when trade tensions are rising. The proposed Treasury Department rules would prohibit certain U.S. investments in Chinese companies that are developing semiconductors, quantum computers and artificial intelligence systems. The Biden administration is trying to restrict American financing from helping China develop advanced technology that could be used for weapons tracking, government intelligence and surveillance. They come nearly a year after President Biden signed an executive order calling for the investment ban, which will largely affect venture capital and private equity firms that do business with Chinese companies. “This proposed rule advances our national security by preventing the many benefits certain U.S. investments provide — beyond just capital — from supporting the development of sensitive technologies in countries that may use them to threaten our national security,” said Paul Rosen, the Treasury Department’s assistant secretary for investment security.

Persons: Biden, ”, Paul Rosen Organizations: Beijing, Department, Treasury Locations: China

☆ A retired boomer who moved from the US to Costa Rica said it's 'horribly incorrect' to assume life in Central America is much cheaper
▼ + stars: | 2024-06-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Keenan said he's loved the peace and nature of Costa Rica after spending most of his life in Albuquerque. During his time with the insurance company, he attended a retreat in Playa Zancudo, located in the south of Costa Rica. After these visits, he knew he wanted to retire in Costa Rica to live an "easygoing" life far from the US. AdvertisementCosta Rica is more expensive than he thoughtKeenan said that when he first moved to Costa Rica, prices were cheaper than in the US but not by too much. AdvertisementHe never bought a house, as he said the process can take years in Costa Rica.

Persons: Gary Keenan, Little, Keenan, he's, it's, Costa Rica Keenan, José, hasn't, Kelley Organizations: Service, Business, Google, Costa Locations: New Mexico, Costa Rica, Albuquerque, America, Costa, Playa Zancudo, Playa Grande, Guanacaste, Europe, France, José, San Pedro, capital's, Santa Ana, San José, Costa Rican, Panama, Argentina, expats

☆ Chipotle's latest marketing campaign shows how restaurants are getting creative to win your lunch break
▼ + stars: | 2024-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Chipotle's newest pitch in the big business that is winning your lunch break. Market research firm Future Markets Insights pegged the lunch takeout market at $215.3 billion in 2022 . Chipotle's latest marketing campaign shows how creative restaurants are getting to nab your lunch order. Bitcoin's cooldown might be a warning for the stock market. A Stifel strategist predicted a late-summer stock market decline based on bitcoin's 10% sell-off in the past few weeks.

Persons: —, Chelsea Jia Feng, Keith Lee, Alyssa Powell, haven't, Taco Bell, Tim Hortons, Burger King, sarayut Thaneerat, Tyler Le, Ken Griffin, Bitcoin's, isn't, That's, Jensen Huang's, Satya Nadella's, Marc Piasecki, Elon Musk, They're, Alfie, Alfie Health, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, nab, bros, Chipotle, Getty, Brands, KFC, Taco, BI Citadel, Sunshine State, Congressional, Nasdaq, Apple, Apple Intelligence, Nvidia, Microsoft, Amazon, Elon Locations: Cava, Illinois, Florida, China, New York, London

☆ Nvidia’s shares are on fire. The broader stock market looks less rosy
▼ + stars: | 2024-06-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.

Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, “, Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York

☆ Oppenheimer's John Stoltzfus: We're still very much in a bull market supported by fundamentals
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer's John Stoltzfus: We're still very much in a bull market supported by fundamentalsJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, why he believes the Fed is unlikely to cut rates this year, why he remains positive on equities, and more.

Persons: John Stoltzfus Organizations: Oppenheimer Asset Management

☆ S&P 500 levels to watch if troubling chart patterns in Nvidia and other tech mean a sell-off is near
▼ + stars: | 2024-06-21 | by ( David Keller | ) www.cnbc.com time to read: +5 min

Some concerning candle patterns for leading technology names have caused me to focus on potential downside targets for the S & P 500 . To be clear, this is a short-term pattern, and is really just intended to inform our thinking for the next couple trading sessions. The most important level to watch is S & P 5,200, which would represent about a 5% pullback from the recent market peak. A move below S & P 5200 would cause me to revisit long positions and start to raise cash due to an elevated risk of a correction. If and when the S & P pushes below 4950, I would be positioned way more defensively, waiting for some signs of accumulation to emerge.

Persons: I've, David Keller Organizations: Nvidia Corp, Semiconductor, Nvidia, Micron Technology, CMT, CNBC, NBC UNIVERSAL

☆ If you’re grabbing tax-free income from this asset, you may be sacrificing yield
▼ + stars: | 2024-06-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Though municipal bonds generally offer income that's free of federal income taxes – and state taxes if the investor resides in the issuing state – they also come with lower yields compared to other bonds. When it comes to muni bonds, the higher your tax bracket, the more valuable the tax-free income is. A tax-conscious approach to fixed income You don't have to bulk up on municipal bonds to get the best yield for your tax scenario. Municipal bonds are good contenders in taxable brokerage accounts, where investors can benefit from their tax-free income. Some fund families offer "tax-aware strategies" either in mutual funds or ETFs, which can include some exposure to municipal bonds, as well as equities.

Persons: Wells Fargo, aren't, Nisha Patel, That's, Collin Martin, Michael Carbone, it's, Beth Foos Organizations: Wells, Wells Fargo Investment Institute, Federal Reserve, SEC, Bond, Corporate Bond, York Life Investments, Schwab Center, Financial Research, Morningstar Locations: Wells Fargo, Chelmsford , Massachusetts

☆ Citi names one 'compelling emerging' theme to play real estate — and stocks and REITs to buy
▼ + stars: | 2024-06-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Real estate companies around the world are eyeing one area right now: data centers, according to Citi. Citi noted the push toward data centers is being driven by major themes such as artificial intelligence and nearshoring. More industrial companies are looking to convert warehouses into data centers, Citi noted. Stocks to benefit The bank named three "direct beneficiaries" of rising data center demand: U.S.- listed real estate investment trust Digital Realty Trust , data center firm Equinix and Australia-listed NextDC . Paul Hanna | Bloomberg | Getty ImagesReal estate companies around the world are eyeing one area right now: data centers, according to Citi.

Persons: Stocks, There's, Keppel DC REIT, Paul Hanna Organizations: Citi, Digital Realty Trust, Digital Realty, Equinix, Nvidia, Keppel DC, Industrial Trust, Inc, Talavera de la Reina, Bloomberg, Getty Locations: datacenters, Equinix, Australia, Singapore, India, Talavera de, Spain

☆ Economic slowdown going into election will warrant rate cuts, says Kyle Bass
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic slowdown going into election will warrant rate cuts, says Kyle BassKyle Bass, founder and chief investment officer at Hayman Capital Management, joins CNBC's 'The Exchange' to discuss market outlooks, the Fed's next move, and more.

Persons: Kyle Bass Kyle Bass Organizations: Hayman Capital Management

☆ China talks up support for IPOs. Investors are watching the speed of approval
▼ + stars: | 2024-06-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mike Segar | ReutersBEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings in the near future. The new policy included a section on expanding exit channels for venture capital, with an emphasis on supporting companies with technological breakthroughs. Investors, especially those who put U.S. dollars into China-based venture capital funds, have preferred IPOs in the U.S. as the largest and most liquid market. Separately, the U.S. has increased its scrutiny of U.S. capital going into China, especially military-related entities. The China Securities Regulatory Commission has increased fines for misleading investors and clarified requirements for overseas IPOs.

Persons: Mike Segar, Marcia Ellis, Morrison Foerster, Ellis, Winston Ma, Ming Liao, Didi, Morrison Foerster's Ellis, Fang Xinghai, Fang Organizations: New York Stock Exchange, Reuters, State Council, U.S, Venture, NYU School of Law, Investors, Prospect, CNBC, China Securities Regulatory Commission Locations: Manhattan, New York City , New York, U.S, Reuters BEIJING, China, Prospect Avenue, Hong Kong, London

☆ Diversification is key right now: UBS Global Wealth Management
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiversification is key right now: UBS Global Wealth ManagementJin Yee Young, co-head of UBS Global Wealth Management APAC explains the shift into developed markets fixed income and the growth of private markets investment in Asia.

Persons: UBS Global Wealth Management Jin Yee Young, UBS Global Wealth Management APAC Organizations: UBS Global Wealth Management Locations: Asia

☆ China has spent at least $230 billion to build its EV industry, new study finds
▼ + stars: | 2024-06-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis published Thursday by the U.S.-based Center for Strategic and International Studies. Last month, the U.S. announced it was raising duties on imports of Chinese electric vehicles to 100%. There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough. But he also noted that the U.S. has not created conditions that are as attractive as China's for developing its own electric car industry. "There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough," he said.

Persons: Scott Kennedy, Kennedy, Tesla Organizations: Workers, SAIC, GM, Future Publishing, Getty, Strategic, International Studies, CSIS, U.S, Ministry of Finance, Bank of America, Western, EV Locations: Qingdao, Shandong, BEIJING, China, U.S

☆ How Gen-Z buyers are changing the bridal fashion business
▼ + stars: | 2024-06-21 | by ( Yola Mzizi | ) edition.cnn.com time to read: +9 min

A bridal look from Collina Strada, presented at New York Fashion Week in September 2022. Aurora Rose/ShutterstockA bridal look from Sandy Liang, presented at New York Fashion Week in February 2023. Avalon/dpa/picture alliance/Sipa USAMillennial and Gen-Z brides-to-be like de Quesada are no longer shopping for just a wedding dress, but an entire wardrobe for pre- and post-wedding events. That breadth is propelling the global bridal wear market, which is projected to grow at a rate of 3.5 percent annually and is expected to reach $83.5 billion by 2030, according to the Global Bridal Wear Market Industry report. Efren Landaos/Sipa USAFor an emerging designer like Wiederhoeft, bridal is something of a safety net, serving as “a floating line of credit” for the rest of their business.

Persons: —, Christyne de Quesada, ” de Quesada, “, ShuShu Tong, Vera Wang, Gabriella Arango, Gucci, Collina Strada, Aurora Rose, Sandy Liang, de Quesada, it’s, ”, Caroline Crawford Patterson, Dua Lipa, Simon Porte Jacquemus, Marco Maestri, Arnold Jerocki, Crawford Patterson, Anthropologie, It’s, Jackson Wiederhoeft, Wiederhoeft, “ It’s, Efren, Millennials, Hillary Taymour, Taymour, JP Yim, Andrew Kwon's, Rodin, Andrew Kwon, Kwon, Brigitte Chartrand Organizations: The, Fashion, CNN, New York, Avalon, Cion Investment Corp, Abercrombie, Fitch, Census Bureau, Pew Research Center, Designers, ” Retailers, Ssense Locations: Venice, Italy, Mexico City, Miami, Shanghai, Florida, Dua, Charleval, France, New York, New, New York City, “, Ssense

And yet, the brain does incredible things," said Matt Angle, CEO and founder of Paradromics, in an interview with CNBC Tech: The Edge. The trial would follow competitor Neuralink, which implanted a chip into a patient's brain in March this year. "Paradromics' mission is to transform otherwise untreatable health conditions in brain health into solvable technology problems. "Paradromics can take the science and apply the right engineering to get us from research to medical device," he added. "We see that the first million people to get brain computer interfaces are going to be getting them to treat severe medical conditions," Angle said.

Persons: Matt Angle, Elon Musk, Angle, Vikash Gilja, Gilja, we're Organizations: CNBC Tech, CNBC Locations: Austin , Texas

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