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India's economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. However, focusing too much on the macro story can be dangerous for investors, according to Blackstone Private Equity's head of Asia, Amit Dixit. I think you go to India for the macro, everybody knows," Dixit said at the Milken Institute's recent Asia Summit in Singapore. While the list of companies Blackstone invests in India are extensive, he spotlighted the likes of information technology service firm Mphasis , IT service management company R Systems and automotive components manufacturer Sona Comstar . "I think, either end of the spectrum, you can make a lot of money as an investor," he said.
Persons: Blackstone, Blackstone Private Equity's, Amit Dixit, Dixit, Sona Comstar, it's, Manraj Sekhon, Sekhon Organizations: Blackstone Private, Milken, Summit, CNBC, Blackstone, Systems, Templeton Global Investments, Milken Asia Summit Locations: India, Hong Kong, Asia, Singapore
China's government announced it will offer a one-time cash allowance to those in extreme poverty, a day after its central bank rolled out a slate of stimulus measures aimed at shoring up the economy. The handout will be provided to "extremely poor people, orphans and other needy people on the occasion of the 75th anniversary of the founding of New China," China's Ministry of Civil Affairs reported on Wednesday. The report did not specify the size of the allowance or any further details. As of last November, 40.4 million people in China were covered by subsistence allowances. The average allowance was about 779 yuan ($110.80) per person a month for those staying in urban areas, while rural subsistence was 615 yuan per person.
Persons: Xi, Shaun Rein, Mao Zedong Organizations: New, Ministry of Civil Affairs, CPC, China Market Research, CNBC Locations: New China, China
CNN —For Shannon Rowbury, it was simultaneously one of the best and worst moments of her running career. Today, the women’s 1,500-meter final at the London 2012 Olympics is considered one of the dirtiest races in the history of track and field. Her US teammate, Alysia Montaño, also discovered this year that, having originally placed fifth in the 800 meters, she is now set to receive a bronze medal from the London Olympics due to doping violations by rivals. Now, she is learning to appreciate those things in ways that didn’t seem possible when she was a professional athlete. “I had kind of cut out all of the fun by the end, it felt like,” says Rowbury.
Persons: Shannon Rowbury, I’ve, Çakır, Maryam Yusuf Jama Tatyana Tomashova, Aregawi Shannon Rowbury Natallia, Lucia, Ekaterina Kostetskaya, Lisa, Laura Weightman Hellen Obiri Morgan Uceny, Gamze Bulut, Russian Tatyana Tomashova, Rowbury, retested, , , Kirby Lee, haven’t, It’s, it’s, Alysia Montaño Organizations: CNN, Olympic Games, Sport, USA, CNN Sport, Tokyo, NBC, London Locations: Russian, Beijing, London, Rio, Paris, California, Los Angeles, New York
Trump was surrounded by Secret Service agents at his North Carolina event on Wednesday as he greeted supporters in the rope line. Congress just approved funding for both Harris and Trump to receive presidential-level protections, which one security expert said was unprecedented. “They are all now getting presidential-level protection from the U.S. Secret Service, which has never been done before,” said Evy Poumpouras, a former Secret Service agent. In a statement Tuesday, Trump campaign spokesperson Steven Cheung disclosed that Trump had received an intelligence briefing about Iran. An official with the Trump campaign said it had no intention of altering or modifying its campaigning after this briefing.
Persons: Donald Trump, Trump, , Kamala Harris, Harris, Evy Poumpouras, ” Poumpouras, Mark Felix, Kimberly Cheatle, Ryan Routh, Joe Biden’s, Covid, Ronald Rowe, Butler, , Donald, Jim Watson, Steven Cheung, ” Cheung, ” Trump Organizations: Secret Service, Service, NBC, Marine, Naval Observatory, Trump, Secret, Getty, , Authorities, Republicans, Democratic Party, Harris, Tempe , Arizona . Police, Air Force, , National Intelligence Locations: Iran, North Carolina, Carolina, U.S, Butler , Pennsylvania, West Palm Beach , Florida, Tempe , Arizona, AFP, United States
After her stone-cold expression went viral at the Paris Olympics, sharpshooter Kim Ye-Ji will play the role of an actual assassin in an upcoming Korean series. “Crush” is an action series that will follow characters from all over the Asian continent, Lee JungSub, writer and director of “Crush,” told NBC News. Kim Ye-ji, left, and Oh Ye Jin, at the end of the 10m air pistol women's Final during the Olympics in Paris, on July 28, 2024. Alain Jocard / AFP via Getty Images file“Kim Ye-ji’s casting as a global Korean assassin was a natural choice given her precision and performance at the Olympics — particularly her shooting skills,” he said. For fans, who compared Kim’s shooting skills and icy confidence in Paris to that of James Bond, this was a natural next step.
Persons: Kim Ye, Ji, Kim, Anushka Sen, ” Kim, Lee JungSub, , , Ye Jin, Alain Jocard, toting Sen, James Bond Organizations: Paris Olympics, Asia Lab, NBC News, Getty, Olympics Locations: Asia, Paris, Korea, AFP
The two women with very similar names offer a snapshot of the different surrogate pools for Trump and Harris. The courting of celebrity endorsements is a long-running tradition in presidential politics and one that Democrats generally win. Swift criticized the fake posting, saying it was part of the reason she is backing Harris’ campaign. Even as he downplayed Harris’ level of celebrity endorsements, Trump has tried to use people with celebrity status to appeal to specific voter blocs. Shortly after Swift backed Harris, Trump said she would “probably pay a price” for the endorsement, and five days later on Truth Social he made his bluntest and most direct attack on Swift.
Persons: Kamala Harris, Scarlett Johansson, Donald Trump, Scarlett Johnson, Harris, Johnson, Trump, Johansson, Lara Trump, Vivek Ramaswamy, Oprah Winfrey, Jennifer Lopez, Chris Rock, Meryl Streep, Julia Roberts, Ye, Elon Musk, Hulk Hogan, Lil Wayne, Trump —, Harris ’, Kamala, ” Trump, Winfrey, “ She’s, Jamie Lee Curtis, , Hillary Clinton's, Katy Perry, Clinton, Joe Biden, Taylor Swift, Swift, , Taylor Swift ” Organizations: Liberty, Trump, Democratic, Republican National Committee, Democratic National Convention, West, White, Democrats, Republicans, Puerto, AA, Puerto Ricans, Harvard University, Swift Locations: Wisconsin, Michigan, Hollywood, Pennsylvania, Puerto Rican, Puerto
LOS ANGELES — Brittany Furlan, the comedian and wife of rocker Tommy Lee, says her dog’s extra flab saved it from being carried off by a coyote that snatched it near the pool of their Los Angeles home. Ring surveillance camera video posted Tuesday to Instagram by Furlan shows the coyote snatching the small dog, Neena, from poolside and running out of frame while Furlan screams and follows. "Thank God, I always watch them," she told NBC Los Angeles. What was described as a coyote positions to grab Brittany Furlan's dog Neena from her backyard in the Brentwood neighborhood of Los Angeles on Tuesday. People are encouraged to not leave small pets outside unsupervised and to bring small pets inside at night to prevent coyote attacks.
Persons: Brittany Furlan, Tommy Lee, ” Furlan, Furlan, Lee, Brittany, Neena Organizations: NBC, Brittany Furlan Coyotes, California Department of Fish, California Department of Fish and Wildlife, U.S . Forest Service, and Wildlife Department Locations: Los Angeles, poolside, Brentwood, Santa Monica, NBC Los Angeles, Southern California, California Department of Fish and, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat stocks do in the next month is a 'coin flip' due to election, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins CNBC's 'Closing Bell' to discuss market outlooks ahead of the election, whether he thinks investors are sold on the Fed's narrative on the economy, and more.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors
Video shows coyote grabbing Tommy Lee’s dog
  + stars: | 2024-09-25 | by ( Frank Fenimore | ) edition.cnn.com   time to read: 1 min
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An An and Ke Ke, both five years old, are expected to land shortly after noon at Hong Kong International Airport, where they will be greeted with a welcoming ceremony. Ke Ke the panda in Chengdu, Sichuan province, China. Ke Ke is one of two two giant pandas due to arrive in Hong Kong. An An and Ke Ke arrive from a breeding center in mainland China’s Sichuan province. Ying Ying made headlines in August by giving birth to twins, making her the oldest known first-time panda mother.
Persons: Ke Ke, Ke, acclimatize, John Lee, Le, Ying Ying, , , ” Lee, Hong, hub’s, Kevin Yeung, Organizations: CNN, Communist Party, Hong Kong International Airport, Ocean, Elite, Staff, RTHK, China Daily, Reuters, city’s, Le Le, Hong, People’s Locations: Hong Kong, Chengdu, Sichuan province, China, Ocean, Sichuan, Hong, Beijing, People’s Republic of China
Lee cites declining margin debt and a dovish Fed as key resons to be bullish on stocks. "We really haven't seen tops until margin debt actually starts to really rollover," Lee said. That "firepower" refers to the fact that FINRA margin debt declined in August to $797 billion, well below its October 2021 peak of $936 billion. AdvertisementThe S&P 500 surged 14% in the first half of 2024, putting this into play. The data shows that since 1950, the S&P 500 has delivered an average second-half gain of 9.8% under such circumstances, with an 83% win ratio.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, there's, Lee crunched, Volcker Organizations: Fed, Service, Federal Reserve
NFL Week 3 takeaways: Bills and Chiefs on collision course?
  + stars: | 2024-09-25 | by ( Ben Morse | ) edition.cnn.com   time to read: +17 min
Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Charlie Riedel/AP The best photos from the 2024 NFL season Prev NextAre the Bills and Chiefs on an AFC Championship collision course? Through three weeks, the Buffalo Bills and the Kansas City Chiefs look like the teams to beat in the NFL.
Persons: Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Brad Penner, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, Quarterback Patrick Mahomes, haven’t, ” Mahomes, “ We’ve, we’ve, that’s, Todd Kirkland, Josh Allen, New York Jets – Allen, Allen, Mahomes, Adrian Kraus, Burrow, Jeff Dean, , Mike McCarthy’s, CeeDee Lamb, McCarthy, Jeffrey McWhorter, , Jerry Jones, Caleb Williams, Williams, Jaylon Jones, Zach Bolinger, , It’s, I’ve Organizations: CNN, NFL, National Football League, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, New York Jets, New England Patriots, The Jets, USA, Sports, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Cincinnati Bengals, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Dallas Cowboys, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cowboys, Cleveland Browns, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Reuters, Patriots, Bengals, New York Giants, AP Buffalo Bills, Arizona Cardinals, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, AFC, Miami Dolphins, Buffalo, Ravens, Co, Kansas City, Cincinnati, Washington, Associated Press, Pittsburgh Steelers, , New, New Orleans Saints, Dallas, Indianapolis Colts, Colts, USC, Indianapolis, New York Jets New York Giants, Cleveland Browns Chicago Bears, Indianapolis Colts Houston Texans, Minnesota Vikings Philadelphia Eagles, New Orleans Saints Los Angeles Chargers, Pittsburgh Steelers Denver Broncos, Tampa Bay Buccaneers Green Bay Packers, Tennessee Titans Carolina Panthers, Las Vegas Raiders Miami Dolphins, Seattle Seahawks Detroit Lions, Arizona Cardinals Baltimore Ravens, Dallas Cowboys San Francisco 49ers, Los Angeles Rams Kansas City Chiefs, Atlanta Falcons Jacksonville Jaguars Locations: Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, East Rutherford , New Jersey, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Santa Clara , California, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Kansas, Buffalo, New Orleans, Baltimore, Pennsylvania
Sushi, onigiri and yakitori don — Japanese rice is a key staple in many of its iconic dishes, but the country is facing its biggest shortfall in decades. Japan has been contending with a rice shortage in recent months due to a mix of bad weather and an increase in tourists, undergirded by the country's restrictive rice policies. Consumers also stockpiled more rice in preparation for Japan's typhoon season and a major earthquake warning, the USDA added. Local media NHK partly attributed the shortage to an influx in tourists pushing up demand for sushi and other rice-based dishes. On top of Japanese preparing for potential natural disasters, the MFAA also attributed the increase in table rice demand to an influx of tourists driving up food service demand.
Organizations: U.S . Department of Agriculture, Consumers, Local, NHK, Ministry of Agriculture, Forestry, Fisheries Locations: Japan, undergirded
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVC investor and SGX on private-public capital market support for start-ups in Southeast AsiaGranite Asia's Jenny Lee and SGX CFO Ng Yao Loong discusses where the next batch of unicorns could come from in Southeast Asia and how private and public capital markets can do more to support their growth.
Persons: Jenny Lee, Ng Yao Loong Locations: Asia, Southeast Asia
Zepto is the top startup to work for in India in 2024, according to LinkedIn. LinkedIn released its seventh annual top startups list for India, showcasing the country's emerging companies based on data from the professional social-networking site. In fact, India has the third-largest startup ecosystem in the world, according to official government site Startup India. In addition, the report noted the number of startups in India rose 71.5% from about 20,000 startups in 2021 to over 34,000 startups 2023. These are the top 10 emerging startups in India, according to LinkedIn:
Persons: Zepto, Lee Organizations: LinkedIn, Startup, Lee Kuan Yew, of Public, National University of Singapore Locations: India, U.S, China
We’ve had challenges getting the prime minister across the line. “We stay up nights trying to figure out a way to get across the line on this ceasefire and hostage deal. And we have spoken out directly about our concern when we’ve seen the prime minister not take steps that we think are necessary to get to that deal,” he said. Vice President Kamala Harris has frequently cited the importance of reaching a ceasefire and hostage deal but hasn’t detailed any new approach in reaching an agreement. “Ultimately the thing that is going to unlock everything else in that region is getting this deal done,” she said last week.
Persons: Biden, Joe Biden, State James Baker, George Mitchell’s, , , Bill Burns, Antony Blinken, Brett McGurk –, Blinken, Benjamin Netanyahu, We’ve, we’re, Jake Sullivan, we’ve, Sinwar, they’re, it’ll, Kamala Harris, “ I’m, I’ve, Yahya Sinwar Organizations: CNN, Hamas, State, United Nations, State Department, CIA, MSNBC, UN Locations: Gaza, Lebanon, East, Northern Ireland, New York, Israel, United States, American, Saudi Arabia
Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures slipped 16 points, or 0.04%. S&P 500 futures rose 0.1%. The semiconductor manufacturer was trading 14% higher in Wednesday's extended trading session after issuing strong guidance for the current quarter. In regular trading, both the S&P 500 and the Dow retreated from their records to close lower.
Persons: Dow, Tom Lee, Dow Jones, Jerome Powell, John Williams Organizations: New York Stock Exchange, Futures, Dow Jones, Dow, Nasdaq, Micron Technology, Lam Research, Fundstrat Global Advisors, Federal Reserve, New York Fed, CarMax, Accenture, Costco Wholesale
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.
Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wednesday's full episode of Fast Money — September 25, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
A man convicted in the murder and robbery of Philadelphia rapper PnB Rock at a famous Los Angeles eatery was sentenced Monday to 31 years to life in prison. Los Angeles County Superior Court Judge Connie Quinones read his sentence Monday at the Compton Courthouse. Moore said an "extensive amount" of jewelry was taken from PnB Rock in the deadly robbery. NBC Los Angeles reported that Trone is a South Los Angeles gang member. On Monday, Los Angeles County District Attorney George Gascón said in a statement that Trone's affirms that justice will prevail for PnB Rock's loved ones.
Persons: PnB, Freddie Lee Trone, Connie Quinones, Trone, Rakim Hasheem Allen —, Winston McKesson, Michel Moore, Moore, Tremont Jones, Shauntel Trone, Freddie Lee's, George Gascón, Trone's, PnB Rock's, Gascón Organizations: Prosecutors, Los Angeles Police, NBC News, NBC Locations: Philadelphia, Los Angeles, South Los Angeles, Los, NBC Los Angeles, Los Angeles County
On Monday, Israel dramatically expanded its aerial assaults on Lebanon with airstrikes that killed nearly 500 people and wounded more than 1,600. Israeli Prime Minister Benjamin Netanyahu’s government has warned of coming military strikes, but Israeli officials have not told U.S. officials whether or when a ground offensive could begin, the three defense officials said. The officials estimate a large offensive into southern Lebanon would take thousands more troops and armored vehicles, in addition to forces to hold any territory. In addition to tens of thousands of U.S. troops in the region, the Biden administration is considering options to send other military assets to the region. The conflict between Israel and Hezbollah could dash already dwindling hopes for a cease-fire deal and hostage exchange with Hamas.
Persons: Pat Ryder, , Mahmoud Zayyat, Biden, Israel ratcheted, Benjamin Netanyahu’s, Harry S, Truman, Abraham Lincoln, Joe Biden, Assembly’s, Netanyahu Organizations: Defense Department, Hezbollah, Hamas, Pentagon, Getty Images Biden, Israeli, U.S, United Nations, Assembly Locations: Israel, Lebanon, U.S, Lebanese, Zaita, AFP, Gaza, Norfolk , Virginia, Europe, New York
A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty ImagesChina bond yields fell to a record low after the People's Bank of China on Tuesday announced that it would cut the reserve requirement ratio for banks. Yield on China's 10-year government bonds fell 3.75 basis points to 2.043%, data from LSEG showed, marking a record low. 30-year bond yields also dropped to a record low of 2.168%. In recent months, insurance companies and institutional investors have flocked to China's bond market, partly due to limited investment opportunities available.
Persons: Jiang Qiming, Pan Gongsheng, Pan Organizations: People's Bank of China, China News Service, Getty Images, PBOC, U.S . Federal Reserve Locations: Beijing, China, Getty Images China, LSEG
The Oscar-winner announced on Tuesday that she’s releasing a new album titled “Harlequin,” which she said in an Instagram post is a companion album to the upcoming film “Joker: Folie à Deux,” in which she stars alongside Joaquin Phoenix. The album will have 13 tracks, with song titles including, “Good Morning,” “World on a String” and “The Joker,” among the others. Lady Gaga on Tuesday announced 'Harlequin,' a companion album to the upcoming film 'Joker: Folie à Deux.' From Lady GagaGaga stars as Lee Quinzel – more commonly known as infamous comic book character Harley Quinn – in “Joker: Folie à Deux,” the long-awaited sequel to the Todd Phillips-directed original 2019 “Joker” movie. The album will be the followup to 2020’s “Chromatica.”“Joker: Folie à Deux” premieres in theaters on October 4.
Persons: Gaga, Joaquin Phoenix, Harlequin, , , “ Moondust, Lady Gaga, Gaga Gaga, Lee Quinzel, Harley Quinn –, Todd Phillips, Joker, Zazie Beetz, Catherine Keener, Brendan Gleeson, Ken Leung Organizations: CNN
All 33 Sebastian Stan movies, ranked by critics
  + stars: | 2024-09-24 | by ( Gabbi Shaw | ) www.businessinsider.com   time to read: +1 min
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. He got his start on TV playing roles like Carter Baizen in "Gossip Girl," TJ Hammond in "Political Animals," and the Mad Hatter in "Once Upon a Time." This story is available exclusively to Business Insider subscribers. Thirteen years later, Stan is still playing Bucky, aka the Winter Soldier — "Thunderbolts" is out in 2025 — and has appeared in multiple billion-dollar films in the role. Here's how critics have received all 33 of Stan's films throughout his career.
Persons: , Sebastian Stan, Carter, TJ Hammond, Bucky Barnes, Steve Rogers, America, Stan, Bucky, He's, Tommy Lee, Pam, Tommy Organizations: Service, Business Locations: Hollywood
Rows of new energy vehicles are parked at Changan Automobile's vehicle distribution center in Chongqing, China, on January 14, 2024. Shares of Chinese automakers climbed Tuesday, shrugging off a U.S. government proposal to ban certain types of vehicles equipped with car parts from China and Russia, amid a broad rally after Beijing announced policy easing. The Joe Biden administration has cited national security risks for its latest measure aimed at curbing Chinese auto industry's influence and reach in the U.S."Cars today have cameras, microphones, GPS tracking, and other technologies connected to the internet. U.S. proposal to ban Chinese auto parts may not have a direct negative impact on the Chinese auto industry as the sales volume of Chinese auto exports to the U.S. markets are "very small" and limited, Wu said. Additionally, Chinese parts companies have already set up factories in South America, which can be exported directly to U.S. markets under the U.S.-Mexico Tariff Agreement, he added.
Persons: shrugging, Li, Nio, Leapmotor, Joe Biden, Gina Raimondo, Ivan Wu, Pan Gongsheng, Wu Organizations: Beijing, Guotai, People's Bank of China Gov, U.S, China Automobile Dealers Association Locations: Chongqing, China, U.S, Russia, Hong Kong, South America, Mexico
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