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☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ Kylian Mbappé, P.S.G. and the Dangers of a Loveless Marriage
▼ + stars: | 2024-02-16 | by ( Rory Smith | ) www.nytimes.com time to read: 1 min

This time, Kylian Mbappé means it. The reports on Thursday of his decision to leave Paris St.-Germain, his hometown team, might have carried with them an unmistakable sense of déjà vu. They might have been copied and pasted, almost verbatim, from the last time this happened, and the time before that. It is less than two years since he and P.S.G. last came to the brink, his boxes packed, his desk emptied, his goodbye card signed.

Persons: Kylian, Germain, He’s, P.S.G Locations: Paris St

☆ Trump’s new Supreme Court gambit doesn’t even try to hide that it’s a delaying tactic
▼ + stars: | 2024-02-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Donald Trump’s filing to the Supreme Court over his claim for sweeping presidential immunity begins with a quote from Yogi Berra. The coming days could decide when the first Trump trial takes placeThe text of Trump’s filing to the court at times feels somewhat frivolous. Trump’s legal team has a good reason to try to run out the clock. But it is not certain that the Supreme Court, which last week heard oral arguments on another Trump case — over his expulsion from Colorado’s ballot — will even agree to take his latest request. As with Smith’s Washington case, Trump’s team is seeking to delay the trial currently scheduled for May.

Persons: Donald Trump’s, Yogi Berra, Jack Smith, Trump, Ty Cobb, CNN’s Erin Burnett, “, ”, Joe Biden, he’s, Elie Honig, Donald Trump, Jack Smith’s, Honig, Norm Eisen, ” Eisen, Smith, Ankush, CNN’s Wolf, Smith’s, Stormy Daniels, —, Fani Willis, Willis, – Organizations: New York Yankees, White, NBC News, Trump, Biden, CNN, Justice Department, Trump Organization Locations: White, Florida, Smith’s Washington, Manhattan, Georgia, New York

☆ Nelson Peltz and Bob Iger are still throwing punches despite Disney's killer start to 2024
▼ + stars: | 2024-02-08 | by ( Jordan Hart | Madeline Berg | ) www.businessinsider.com time to read: +3 min

Disney CEO Bob Iger and activist investor Nelson Peltz are still sparring despite stellar earnings. All signs point to the fact that Peltz's second Disney proxy fight is still on. AdvertisementDespite what one analyst has called Disney's "epic quarter," tensions between CEO Bob Iger and activist investor Nelson Peltz seem to be running as high as ever. And the verbal jabs both sides threw at each other indicate the proxy fight is still on. Peltz has specifically lamented Disney's streaming losses, a pause in dividends, and the lack of a comprehensive succession plan.

Persons: Bob Iger, Nelson Peltz, Peltz's, —, Taylor Swift, Disney's, hasn't, Iger, Trian, Peltz, Peltz hasn't Organizations: Disney, Peltz's Trian, Service, Epic, Fund Management, CNBC

☆ Wall Street loves Disney's kitchen-sink quarter, but Nelson Peltz says he isn't backing down
▼ + stars: | 2024-02-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York. Are you not entertained, Nelson Peltz? Both Disney's higher profits, and string of content and partnership announcements, appeared to form a direct rebuttal to Peltz's concerns about the company. It was hard to keep up with Disney's announcements this quarter:ESPN finally set a launch date for its direct-to-consumer service: August or fall of 2025. It's only logical that the mountain of announcements came this quarter, given activist pressure from Trian and Blackwells Capital.

Persons: Nelson Peltz, CNBC's Andrew Ross Sorkin, Peltz, Jay Rasulo, Michael Froman, Maria Elena Lagomasino, Bob Iger, CNBC's Julia Boorstin, Iger, Boorstin, Taylor, Trian, Disney Organizations: Trian Fund Management, Disney, CNBC, ESPN, Epic Games, Warner Bros . Discovery, Fox, Blackwells, Disney Board Locations: New York, Trian

Disney's fiscal first-quarter earnings per share beat expectations and it said its full-year EPS will rise at least 20% from 2023. Iger also unveiled his strategy and timeline for bringing Disney's flagship sports network ESPN into the streaming era. AdvertisementThe company will launch a stand-alone streaming service with ESPN and its sister networks in the fall of 2025, something Iger called "inevitable." Even if there's consumer demand, the JV faces several hurdles, from challenges brought by existing distributors to antitrust opposition, LightShed Partners wrote in a note published ahead of Disney's earnings release. Challenges aside, the new sports streaming strategy is a big step forward for Iger and Disney.

Persons: —, Bob Iger's, Iger, Taylor Swift, Nelson Peltz, Bob Chapek's, Peltz's, Disney, Paul Verna, Alpha, LightShed, Iger didn't, Trian, Elon Musk, Gina Carano's, Iger's Organizations: Service, Disney, Epic Games, Peltz's Trian Fund Management, Blackwells, ValueAct, Business, Iger, Insider Intelligence, ESPN, Disney's, Fox, Warner Bros, JV, LightShed Partners, Marvel, CNBC Locations: Moana

☆ Premarket stocks: Wall Street is worried about another regional banking crisis
▼ + stars: | 2024-02-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. What’s happening: After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. The increase was driven partly by expected losses on commercial real estate loans, it said. “As losses from a [commercial real estate] loan portfolio accumulate, they can spill over into the broader financial system,” they wrote. “There’s some smaller and regional banks that have concentrated exposures in these areas that are challenged and we’re working with them,” he said.

Persons: It’s, Goldman Sachs, Anna Cooban, Janet Yellen, Jerome Powell, Gary Gensler, ”, Chip Somodevilla, She’s, Powell, “, ” McDonald’s, McDonald’s, Jordan Valinsky, Samantha Murphy Kelly, “ We’ve Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, US Regional Bank, Japan’s Aozora Bank, Deutsche Bank, Canadian Public Pension Investment Board, Boston Properties, US Securities and Exchange, Financial, Biden, Senate, CBS, Verizon, Old Telephone Service, landlines, UK, Consumers, CNN, California Public Utilities Commission Locations: New York, Manhattan, Boston, Washington ,, East, United States, California, France, California ”

☆ Billy Joel Said He’d Retired From Pop. Here’s What Brought Him Back.
▼ + stars: | 2024-02-05 | by ( Caryn Ganz | ) www.nytimes.com time to read: +1 min

Billy Joel’s first new pop song in nearly two decades was sparked by someone miles from the record business: a Long Island doctor. Joel, 74, has long made it known that he isn’t interested in making more albums. (“He is everything,” Olivia Rodrigo, 20, who referenced him in her song “Deja Vu,” said last summer.) Over the years, the list of people who’d tried to cajole him back into writing and recording grew legion: Clive Davis. Yet when Joel’s family doctor urged him to meet “a kid” interested in discussing music near his place out east in Sag Harbor, he agreed to a lunch.

Persons: Billy Joel’s, Joel, —, that’s, ”, ” Olivia Rodrigo, who’d, Clive Davis, Rick Rubin, Elton John Locations: Oyster Bay, N.Y, “, Sag Harbor

☆ Coco Jones may seem like a splashy newcomer, but she's having déjà vu
▼ + stars: | 2024-02-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +10 min

Anyone who watched the Disney Channel in the early 2010s will recognize Jones' onscreen magnetism and precocious vocal skill. AdvertisementBut while many of Jones' cohorts have emphatically shed the mouse ears, Jones has taken the path of radical acceptance. "One thing about 'Let It Shine,' it's going to follow me until the wheels fall off," Jones said. Advertisement"ICU" was released as the second single from "What I Didn't Tell You," the first EP Jones released through a major label. "What I Didn't Tell You" is the product of studious passion; Jones honors the R&B tradition without relying on imitation.

Persons: —, Coco Jones, it's, Jones, Chloe, Halle Bailey, Kelsey, Charlie, Tyler James Williams, Abbott, Hilary Banks, Bel, Will Smith, Justin Timberlake, Miley Cyrus, Olivia Rodrigo, Sabrina Carpenter, " Jones, Lea Mende Jones, I'm, Warner Chappell, Simone Biles, Lea Mende, Aretha Franklin, Whitney Houston, Mariah Carey, CeCe Winans, Taylor Swift, Timberlake, Babyface, Reneé Rapp, She's, Rapp Organizations: Service, Disney Channel, Disney, Business, Hollywood Records, Facebook, colorism, Bel, Def Jam, Warner, Warner Chappell Music, BET, HBO, College Girls, MTV

☆ Ally Financial and USGA strike deal as U.S. Women's Open purse reaches new record
▼ + stars: | 2024-02-01 | 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 EmailAlly Financial and USGA strike deal as U.S. Women's Open purse reaches new recordAlly Financial's Stephanie Marciano, Lilia Vu, the World's No.1 golfer, and Mike Whan, U.S. Golf Association CEO, join 'Power Lunch' to discuss the new partnership between the USGA and Ally Financial.

Persons: Ally Financial's Stephanie Marciano, Lilia Vu, Mike Whan Organizations: Financial, USGA, . Golf Association, Ally

☆ A commercial real estate crash is unfolding, and regional banks are feeling the pain
▼ + stars: | 2024-02-01 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

Regional bank stocks are feeling the bite of the unfurling commercial property crisis in a rout that's giving SVB-collapse flashbacks. Commercial real estate loans are going sour with huge defaults on the horizon, pummeling banks from New York to Tokyo. Regional banks are a lot more exposed and vulnerable to commercial real estate loans. AdvertisementPlummeting regional bank stocks are giving investors déjà vu, but the underlying problem this time around is the commercial property crisis. The decline was led by New York Bancorp, which tumbled nearly 40% on Wednesday after posting a fourth-quarter loss of $260 million due to of sour commercial real estate loans.

Persons: —, déjà Organizations: Service, Nasdaq, Silicon Valley Bank, New York Bancorp, Business Locations: New York, Tokyo, Silicon

☆ Opinion: As a child I fled the Nazis. As a grandmother I survived Hamas attack. Why this Holocaust Memorial Day is different
▼ + stars: | 2024-01-27 | by ( Opinion Mirjam Beit Talmi Szpiro | ) edition.cnn.com time to read: +4 min

Editor’s Note: Mirjam Beit Talmi Szpiro is a Holocaust survivor from Kibbutz Zikim, Israel. CNN —As we mark International Holocaust Memorial Day, I find myself compelled to share a story, my story, bookmarked by some of the darkest chapters in history. But it must be told more than ever on this Holocaust Memorial Day. Just a few weeks short of the 85th anniversary of the Kristallnacht attacks, Hamas unleashed its own attacks on the Israeli border communities, brutally slaughtering 1,200 people and taking over 250 hostages. So, for me, this Holocaust Memorial Day is different.

Persons: Kibbutz, Read, Mirjam Beit, Yossi Zeliger, “ I’m, I’m Organizations: CNN, Universal Locations: Kibbutz Zikim, Israel, Germany, Nazi Germany, Gaza, Zikim, Auschwitz, Lodz, Britain, Amsterdam, Berlin, Jerusalem

CNN —US and AC Milan midfielder Yunus Musah is used to hostility – passionate and aggressive crowds are part of the game after all. Instead, Italian soccer found itself in the midst of another alleged racism scandal – one that Musah was around to witness firsthand. “So it was really, really important that when we saw that, the whole team reacted great. Prior to joining Milan, Musah spent the first three years of his senior career with Spanish side Valencia. During a league match against Real Madrid in May last year, a Valencia fan subjected opposing forward Vinícius Jr. to persistent racist abuse.

Persons: Yunus Musah, “ We’re, ” Musah, Darren Lewis, Mike Maignan, Noah Okafor, Musah, Mike, “, ”, ” Maignan, Fabio Maresca, Maignan, Romelu, Vinícius, Pablo Morano, Reuters Musah, ” “, they’re, Omar Beckles, George Floyd, Germany's Leon Goretzka, Mike Lawrence, “ We’d, ’ ”, Milan Women’s Christy Grimshaw, You’ve, “ We’ll Organizations: CNN, US, AC Milan, Soccer, Serie, Udinese, Milan, ” Udinese, Serie A, Ciancaphoto, Udinese Calcio, Italian, Roma, Spanish, Real Madrid, Reuters, England’s, ’ Association, Getty, Milan’s, ” Locations: Italy, Lazio, “, Valencia, New York, London, England

☆ Japan's stock market roared back to life in 2023, and investors expect even more gains ahead. How to trade it
▼ + stars: | 2024-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Japanese stocks had one of their best years in recent memory, and they could rally even more in 2024. .N225 ALL mountain Big gains for Nikkei in 2023 That momentum has carried into early 2024. What's more, Wall Street sees no signs of Japanese stocks slowing down. In early 2023, Japanese stocks surged after the highest Shunto wage hike in 30 years was passed, at above 3% from above 2% the year prior, according to the Japan Times . Corporate earnings and economic growth Another driver for Japanese stocks this year could be strong corporate earnings and economic growth.

Persons: Warren Buffett, What's, BofA's Masashi Akutsu, Akutsu, Fumio Kishida, Scott Ladner, Ladner, we've, they're, Glovista's Carlos Asilis, there's, Bernstein, Neil Beveridge, Horizon's Ladner Organizations: Mitsubishi, Mitsui, Itochu, Sumitomo, Nikkei, Japan Times, Horizon Investments, Japan, Japan Hedged Equity, U.S . Federal Reserve, Bank of America, Toyota, U.S Locations: Japan, That's

☆ Vietnam to Hold Arms Fair in December as Its Seeks to Diversify Supplies
▼ + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

HANOI (Reuters) - Vietnam's defence ministry said on Friday it will organise an international arms fair in December, as it seeks to diversify its arms supplies and expand cooperation in arms production and exports. Vietnam held its first international arms fair in December 2022, which attracted 174 exhibitors from 30 countries, including all large arms-making nations except China. The ministry on Friday said "several deals were reached" at that arms fair, without giving further details. The Southeast Asian country has an annual military expenditure of above 2% of its gross domestic product, according to the ministry. Vietnam is producing among other weapons small weapons, ammunitions, drones and armoured vehicles.

Persons: Khanh Vu, Francesco Guarascio, Michael Perry Locations: HANOI, Gia Lam, Hanoi, China, Vietnam

Opinion writer Michelle Cottle watched last night’s New Hampshire Primary results come in alongside supporters of Nikki Haley. She says the battle of head versus heart has just started. In this audio interview, Cottle speaks with Opinion’s deputy editor, Patrick Healy, to break down the primary polls, voter “vibes” and the feeling of déjà vu from 2016. (A full transcript of this audio essay will be available within 24 hours of publishing.)

Persons: Michelle Cottle, Nikki Haley, Cottle, Opinion’s, Patrick Healy, ” Organizations: New Locations: New Hampshire

☆ Despite being a film about female empowerment, 'Barbie' Oscar nominations heavily favored men (and Ken)
▼ + stars: | 2024-01-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

For example, Ryan Gosling received a best supporting actor nomination, but Margot Robbie was snubbed. These include a few pleasant surprises, like best picture and best supporting actress for America Ferrera, who delivers a moving feminist monologue at the movie's climax. But Ryan Gosling nabbed a nomination for best supporting actor as Ken, the heroine's sidekick who becomes obsessed with the power of patriarchy. Related storiesThis might feel like déjà vu for Gerwig, who was similarly snubbed for her direction of best picture nominee "Little Women" in 2020, despite the film being nominated for best picture, best adapted screenplay, best actress, best supporting actress, best original score, and best costume design. Last week, "I'm Just Ken" won best song at the Critics Choice Awards, beating "What Was I Made For?"

Persons: Oscar, Barbie, Ryan Gosling, Margot Robbie, —, America Ferrera, Ryan Gosling nabbed, Ken, Greta Gerwig, Justine Triet, Gerwig, Guillermo del Toro, Jon Kopaloff, Noah Baumbach, who's, Greta, Ken's, Billie Eilish, Gosling, Mark Ronson, Andrew Wyatt, would've, Ronson, Wyatt Organizations: Service Locations: Lipa

☆ These charts show how much traffic has plunged in the Suez and Panama canals — and the potential impact on inflation
▼ + stars: | 2024-01-22 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Read previewThe number of vessels passing through the Suez Canal and Panama Canal have dropped 50% from normal levels, according to Apollo Management's top economist. AdvertisementSuez Canal slowdownAbout 12% of global trade passes through the Suez Canal, according to an estimate from the US Naval Institute. Related stories"Normally, 200 ships travel through the Suez Canal from south to north over a week, but that number has recently declined to 100," Sløk wrote. Suez Canal traffic is down 50% APThe trouble in the Suez Canal has been ratcheting up as Yemen-based Houthi rebels have been launching attacks against ships in the Red Sea, forcing some ships to take longer — and costlier — detours. And although goods inflation has been tumbling, higher shipping costs could send that back up again if they continue to follow recent trends.

Persons: —, Torsten Sløk, Sløk, Thierry Wizman Organizations: Service, Business, US Naval Institute, Apollo, Container, Shipping, Apollo Management, Macquarie Locations: Suez, Panama, Yemen, Red, Shanghai, Rotterdam, Drewry

Last November, a state judge threw out the results of the Sept. 12 Democratic mayoral primary in Bridgeport and ordered a new primary to take its place. Here’s a look at what to expect on election night:PRIMARY DAY, PART 2The special do-over Democratic primary for mayor of Bridgeport, Connecticut, will be held on Tuesday. WHAT’S ON THE BALLOTThe Associated Press will provide coverage for the special Democratic mayoral primary in Bridgeport. It was 17% of registered party members in the Sept. 12 Democratic primary, down from 21% in the 2019 primary. Turnout for the first Democratic mayoral primary on Sept. 12 was about 17% of registered Democrats in Bridgeport.

Persons: Joe Ganim, Ganim, John Gomes, Gomes, David Herz, Lamond Daniels, Sen, Marilyn Moore, Joe Biden, Ganim eked, it’s Organizations: WASHINGTON, Democratic, Voters, Bridgeport, Press, WHO, AP Locations: Bridgeport , Connecticut, Bridgeport, City Hall, Connecticut

☆ Japan markets are hitting multi-decade highs — will Nikkei scale its all-time peak?
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty ImagesAfter a tumultuous start to the year, Japan's benchmark Nikkei 225 broke past the 35,000 mark for the first time since February 1990 and has been scaling new 33-year highs. The rally in Japan's equity market, which started on Jan. 5, has also seen the broad-based Topix hitting 33-year highs. Speaking to CNBC, Yeap Jun Rong, market strategist at IG Asia struck an optimistic tone, saying that "all stars seem to be aligned for Japan's stock market." In a note last week, the Bank of America called the Japan rally a "déjà vu," comparing it with the Nikkei's rise between April and June 2023.

Persons: Yeap Jun Rong, Yeap Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty, Nikkei, CNBC, IG Asia, Bank of Japan, TSX, Bank of America Locations: Tokyo, Japan

☆ ‘Bad case of déjà vu’: Oil industry veteran to lead next round of UN climate talks in Azerbaijan
▼ + stars: | 2024-01-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Azerbaijan's Minister for ecology and natural resources and formerly an executive at state oil company SOCAR Mukhtar Babayev (C) visits at the Norm cement plant in Baku, on February 23, 2023. Azerbaijan named on January 5, 2024, Mukhtar Babayev minister to preside over the November 2024 COP29 meeting, in Baku, on January 6, 2024. A former executive of Azerbaijan's state-owned oil and gas firm SOCAR has been picked to lead U.N. climate talks in Baku later this year, prompting critics to decry a "bad case of déjà vu." It means that a minister with vast experience in oil and gas will lead negotiations at the U.N.'s biggest and most important annual climate conference for the second consecutive year. Campaign group Global Witness said Babayev's appointment as the person to lead COP29 discussions was a "bad case of déjà vu."

Persons: SOCAR Mukhtar Babayev, Mukhtar, decry, Mukhtar Babayev, Babayev, Jaber, COP28, Alice Harrison, Harrison Organizations: Norm, United, Emirates, Abu, Abu Dhabi National Oil Company, Global, United Nations, CNBC Locations: Baku, Azerbaijan, Azerbaijan's, Sultan Al, Dubai, Abu Dhabi

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Walmart and Target borrowing ideas from each other shows we're in a new economic landscape
▼ + stars: | 2023-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at the rising similarities between Target and Walmart. Dominick Reuter/Business InsiderIf imitation is the sincerest form of flattery, Walmart and Target are embarking on some serious tributes to each other. AdvertisementTwo of the country's largest retailers are taking pages from each other's playbooks as they adjust to a changing economic landscape. And Walmart founder Sam Walton openly admitted he stole borrowed plenty of ideas from Sol Price, the originator of the wholesale club model. That's led Walmart to see an increase in higher-income clientele, a trend they're leaning into.

Persons: —, Dominick Reuter, Insider's Dominick Reuter, Dominick, Christina Hennington, it's, Sam Walton, Sol Price, That's, Charlie Flanagan, Management's Bryan Kelly, Li Deng, Mike Schuster, Sam Altman Andrew Caballero, Reynolds, Daniel Ek, Slaven Vlasic, Rebecca Zisser, Elon, Zers, Xochitl Gomez, Alyson Hannigan, Jason Mraz, Charity Lawson, Ariana Madix, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Target, Walmart, AQR, Investments, AQR Capital Management, Vatic Investments, Sigma, Investment, Barclays, ING, MSCI Israel, Tel, Tel Aviv Stock Exchange, Israel Securities Authority, Reuters, Broadcom, VMware, The New York Times, Inc, Adobe, ABC, Major, Baseball, MLB Network Locations: Israel, Tel Aviv, New York City, San Diego, London, New York

Vietnam has already rail connections to China, but the system is old with limited capacity on the Vietnam side. The upgraded railway would pass through the region where Vietnam has its largest deposits of rare earths, of which China is by far the world's biggest refiner. Chinese and Vietnamese rare earths industry experts discussed last week stronger cooperation on processing the minerals, according to Vietnamese state media. It is unclear how much China would contribute to the upgraded railway track in Vietnam and whether Hanoi would accept sizeable financing from Beijing on this. A strengthened railway link could also boost Vietnam's export to China, mostly of agriculture products, boost Chinese tourism to northern Vietnam and further integrate the two countries' manufacturing industries, which experts already consider as symbiotic, with factories in Vietnam largely assembling components produced in China.

Persons: Xi Jinping, Vietnam's, Wang Yi, Tran, Pham Minh Chinh, Wang Wentao, Francesco Guarascio, Khanh Vu, Phuong Nguyen, Stephen Coates Organizations: Vietnam's, China's Commerce, Initiative, Reuters, Thomson Locations: Hanoi, China, Haiphong China, Vietnam, HANOI, United States, Tran Luu Quang, Kunming, Haiphong, Beijing, China . China, Hong Kong, Washington, South

☆ Stock trading platform Robinhood to launch in UK after two failed attempts
▼ + stars: | 2023-11-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Features include the ability to choose from 6,000 U.S. stocks and 24-hour trading five days a week. Robinhood currently offers 24-hour trading in the U.S., allowing trades to happen outside 9:30 a.m. Robinhood won't offer U.K. stocks to begin with but will look to add them as it brings more products into the platform. Jordan Sinclair, Robinhood's U.K. chief, said he expects 24-hour trading to be popular, as it will let users trade on market-moving news. Dan Moczulski, U.K. managing director of EToro, a rival stock trading platform, said the arrival of more competition in the retail trading market marks "an exciting time for the industry."

Persons: Rafael Henrique, Robinhood, Jordan Sinclair, Sinclair, Tenev, Dan Moczulski, Moczulski, Vlad Tenev, We've Organizations: Getty, Robinhood's, CNBC Locations: U.S, British, England

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