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☆ The effects of the fatal bridge collapse in Baltimore will be felt for months
▼ + stars: | 2024-03-31 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda today:AdvertisementBut first: The effects of the fatal bridge collapse in Baltimore will be felt for months. ET Tuesday, the 984-ft long container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, bringing it down. AdvertisementNow, China is in a similar situaJtion as Japan once was, as it stares down a property market collapse. But Japan's recovery won't be easy to replicate for China, which has resisted stimulus packages and faces a difficult trade market.

Persons: —, Tim Cook's, Francis Scott Key, Tasos Katopodis, Dali, It's, Sam Altman, Kent Nishimura VCs, Altman, Sam Altman's, Jenny Chang, Rodriguez, I'm, Hannes P Albert, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg Organizations: Business, Service, Apple, OpenAI's, Getty Images, Microsoft Locations: Baltimore, Port, London, China Japan, China, Japan

☆ Top tech and business trends face off in our March Madness bracket
▼ + stars: | 2024-03-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at results from our business, tech, and innovation bracket and voting on the semifinal matchups . In case you missed it, we created a bracket with eight of the biggest topics in business, tech, and innovation . But social media has been around so long, it's truly embedded in our DNA. Former employees are suing the social media agency that manages OnlyFans accounts for top influencers like Tana Mongeau and Abby Rao.

Persons: —, it's, Chelsea Jia Feng, Let's, BlackRock's Larry Fink, Joe Biden, Donald Trump, We've, Ray Dalio, Xi Jinping, LEI, Julio Cortez, Marissa Mayer's, Sam Bankman, Fried, Lewis Kaplan, Tana Mongeau, Abby Rao, Cowboy Carter, Dan DeFrancesco, Grace Lett, Lisa Ryan Organizations: Service, Business, Boomers, Getty, Bridgewater Associates, Walmart, BI, Amazon, ChatGPT, Yahoo, didn't Locations: China, Bankman, New York, Chicago

☆ It's sentencing day for Sam Bankman-Fried
▼ + stars: | 2024-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, disgraced crypto executive Sam Bankman-Fried finds out how long he's going to prison . Sam Bankman-Fried, the ex-CEO of FTX and former face of crypto, will be sentenced in a Manhattan courtroom today. An FTX debtor lawyer told the bankruptcy court that FTX customers and creditors "will eventually be paid in full." AdvertisementGetty Images; Alyssa Powell/BIBut according to some, FTX customers getting their money back is despite SBF, not because of him. Almost a third of young people reported using ChatGPT "for tasks at work."

Persons: —, Sam Bankman, Fried, Chelsea Jia Feng, Lewis Kaplan, E, Jean Carroll, Donald Trump, Insider's Jacob Shamsian, FTX, Alyssa Powell, John J, Ray III, SBF, What's, Bernstein, Toni Sacconaghi, they've, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Prosecutors, Big Tech, Companies, Pew, ChatGPT, Microsoft, League Baseball's Locations: Manhattan, New York, London, Chicago

☆ Lessons for Baltimore: How Minneapolis recovered from its 1-35W bridge collapse 17 years ago
▼ + stars: | 2024-03-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —The collapse of the the Francis Scott Key Bridge in Baltimore on Tuesday is unfortunately not the first deadly collapse of a major interstate bridge in the US. About 140,000 cars a day traversed the I-35W bridge that once stood more than 100 feet above the Mighty Mississippi. Steve Helber/APIt’s not a complete apples to apples comparison between the I-35W bridge and the Key Bridge. The Key Bridge had about 22% of the daily traffic of the I-35W Mississippi River Bridge; however, the Minneapolis bridge was about 22% the length of the truss bridge in Baltimore. In the immediate aftermath of the Key Bridge collapse, Levinson told CNN that this event should hopefully bring attention to vulnerabilities of critical pieces of infrastructure.

Persons: Francis Scott Key, ” Christopher Phelan, Minneapolis , Minnesota Mandel Ngan, MnDOT, Nancy Daubenberger, George W, Bush, ” Phelan, Tim Walz, Steve Helber, ” Ryan Petersen, David Levinson, ”, Levinson, Feng Xie, Xie, ” Levinson Organizations: Minneapolis CNN, Twin, University of Minnesota, CNN, Getty, Minnesota Department of Transportation, NPR, US, Minnesota, Minnesota Gov, Coast Guard, Port, University of Sydney, Minneapolis Star, Transportation Planning, Technology Locations: Minneapolis, Baltimore, Mississippi, Twin Cities, Mighty Mississippi, Minnesota, Minneapolis , Minnesota, AFP, City, Lakes, Anthony Falls, Maryland, Baltimore , Maryland, Port of Baltimore, Australia

☆ U.S. and Britain accuse China-linked hackers of ‘malicious’ cyber campaigns, announce sanctions
▼ + stars: | 2024-03-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

BeeBright | Getty ImagesLONDON — The U.S. and U.K. on Monday accused hackers linked to the Chinese state of being behind "malicious" cyber campaigns targeting political figures, in moves expected to stoke tensions with Beijing. The British government also alleged that China-affiliated hackers were behind an attack that saw the data of millions of voters accessed. "I can confirm today that Chinese state-affiliated actors were responsible for two malicious cyber campaigns targeting our democratic institutions and parliamentarians," British Deputy Prime Minister Oliver Dowden said in a speech to Parliament on Monday. "We want now to be as open as possible with the House and the British public," Dowden said. U.S. hits out at ChinaSeparately, the U.S. Justice Department unsealed an indictment Monday accusing Chinese state-linked hackers of being behind cyber campaigns targeting U.S. businesses, government officials and politicians.

Persons: Oliver Dowden, Dowden, Ni Gaobin, Weng Ming, Cheng Feng, Peng Yaowen, Xiong Wang, Zhao Guangzong, Merrick B, Garland Organizations: Getty, stoke, Electoral, Electoral Commission, Embassy, Google, APT31, U.S . Justice Department, DOJ Locations: U.S, Beijing, China, Britain, APT31 ., United States

☆ It's March Madness time — and we mean business
▼ + stars: | 2024-03-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we've made a March Madness bracket to decide the biggest topics in business, tech, and innovation, and we need you to vote . [2] Interest rates vs. [7] US-China relations: The biggest question in the market is when the Federal Reserve will lower rates. China doesn't have as direct an impact on US businesses as interest rates, but it's not far behind. Anna Moneymaker/Getty ImagesThe Fed holds the line on interest rates.

Persons: —, Jensen, we've, ya, Kevin Frayer, Chelsea Jia Feng, it's, Elon Musk, Jerome Powell, Anna Moneymaker, he's, Goldman Sachs, Russell Horwitz, hasn't, Greg Doherty, Mustafa Suleyman, Karén Simonyan, Sam Altman, Alex Nabaum, It's, Elon Musk's Neuralink, Noland Arbaugh, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Federal Reserve, EV, Boomers, Fed, UBS, BI, Wall, Variety, New York Stock Exchange, Microsoft, Amazon, FedEx, Nike Locations: China, VCs, Valley, New York, London

☆ Consumers frustrated by the economy might never get the relief they're ultimately hoping for
▼ + stars: | 2024-03-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the economy has most consumers feeling like they are stuck in place . A "trapped in place" economy is in full swing. Bad buying conditions coupled with everyday high prices means consumers can't make any major life changes , writes Business Insider's Emily Stewart. But it's not the only area of the economy that's stuck, Emily writes. So, while consumers lament being stuck in place, they should also avoid getting stuck looking to the past.

Persons: —, Rebecca Zisser, Emily Stewart, it's, Emily, gunning, It's, Jerome Powell's, Tyler Le, Steve Mnuchin, Brian Moynihan, Instagram, Jensen Huang, Chelsea Jia Feng, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Tech, Federal, Wall Street, Investors, Blackstone, JPMorgan, MLB, Bank of America, mojo, Nvidia, Astera Labs, NASDAQ Locations: It's, Chelsea, New York, London

STR | AFP | Getty ImagesIn the race against Tesla for the global electric car market, Chinese automaker BYD is pushing hard overseas despite rising barriers to the U.S. market. Given policy uncertainty around Chinese EV exports to major markets like the U.S. and Europe, BYD is seeking to bolster overseas sales by moving production to regions perceived as more friendly. The U.S. has tried to support adoption of electric cars domestically, but sales penetration is well below that of China. EY predicts the electric car market in the region will grow exponentially to at least $80 billion a year in sales in the next decade. The rapid growth of BYD and other Chinese electric car companies has other automakers worried.

Persons: Tesla, BYD, Xiao Feng, Biden, it's, EY, Alvin Liu, Liu, BYD's, Sime Darby, Stella Li, Reuters BYD, Bill Russo, CNBC's, Li Organizations: AFP, Getty, Toyota, Counterpoint Research, Tesla, Sime, Americas, Reuters, Alliance for American Manufacturing, U.S Locations: Taicang Port, Suzhou, China's, Jiangsu, U.S, Shenzhen, Europe, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, China, Marklines, Southeast Asia, Singapore, Philippines, Malaysia, Mexico, Americas, North America, United States, Canada, Washington

☆ Google and Apple's rumored partnership could upend the AI industry
▼ + stars: | 2024-03-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a potential partnership between Google and Apple over AI features would mean for both companies and the wider industry. The big storyGoogle, Apple, AIRebecca Zisser/BITwo of the world's biggest tech companies are reportedly discussing a partnership that would upend the AI industry. Apple is considering integrating Google's AI model, Gemini, into the iPhone . The company has been noticeably quiet around its AI plans compared to peers like Google, Microsoft, Meta, and Amazon. So even if Apple and Google come to an agreement, they could still face some serious regulatory pushback.

Persons: —, hasn't, Rebecca Zisser, Mark Gurman, Sundar Pichai, Apple, it's, Tim Cook, Google's Gemini, Insider's Hasan Chowdhury, BI's Phil Rosen, Mike Coppola, Jerod Harris, Grzegorz Wajda, Chelsea Jia Feng, It's, OpenAI, Stephanie Cohen, Goldman Sach's, Goldman Sachs, Jenny Chang, Rodriguez, Goldman, Josh Edelson, Chip Somodevilla, TikTok, Jensen Huang, Blackwell, Alyssa Powell, elbowed, Manoj Bhargava, Steve Huffman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Google, Apple, Business, Gemini, Microsoft, Meta, Google's, Getty, Vox Media, Getty Images, Department of, Big Tech, Wall, Cloudflare, Bank of Japan, SXSW, Nvidia, Sports Illustrated, Arena Group Locations: AFP, Woodstock, Arizona , Florida , Illinois , Kansas, Ohio, New York, London

☆ The Princess of Wales is in the spotlight — for not being in the spotlight
▼ + stars: | 2024-03-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the curious case of Kate Middleton's edited photo that's got the internet buzzing. The big storyPrincess problemsChris Jackson/Getty Images; Ian Vogler - WPA Pool/Getty Images; Chelsea Jia Feng/BIA picture is worth a thousand words. AdvertisementBut this time around, it's the Princess of Wales in the spotlight… for not being in the spotlight. She explained away the issue by saying she does "occasionally experiment with editing," but plenty of people weren't buying it .

Persons: —, we've, Kate Middleton's, that's, Chris Jackson, Ian Vogler, Chelsea Jia Feng, hasn't, Prince Andrew , Duke, York, Prince Harry, Meghan Markle, Duke, Duchess of Sussex, Wales, Kate, Insider's Kwan Wei Kevin Tan, Mikhaila Friel, Kensington, Kensington Palance, Patrick Witty's, Patrick, Kate Middleton, King Charles, Mikhaila, Easter, Katie Notopoulos, BI's Hasan Chowdhury, Beatrice Nolan, Chris Gash, Stephanie Pomboy, Max, Aravind Srinivas, Nvidia's, Artur Debat, Eric Boyd, Joe Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Royals, JPMorgan, Anadolu, Apple, Meta, New York Times, Tesla, Microsoft, OpenAI, International Brotherhood of Teamsters Locations: London, Kensington, British, China, Georgia , Mississippi, Washington, New York

☆ How Fed Chair Jerome Powell's big decision could impact the upcoming presidential election
▼ + stars: | 2024-03-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Fed Chair Jerome Powell's rate-cut decision could impact the upcoming presidential election . The decision, which has massive economic implications, is now butting up against another monumental event: a US presidential election. AdvertisementThe collision course puts an incredible amount of power in Fed chair Jerome Powell's hands , Business Insider's Emily Stewart writes. The two Wall Street titans are no longer expecting a recession , with inflation cooling and the job market holding steady. Recent graduates are adjusting their career expectations amid signs that the job market is starting to weaken, according to labor experts.

Persons: —, Jerome Powell's, Powell, Chip Somodevilla, Matt Rourke, Sarah Silbiger, Alyssa Powell, Emily Stewart, It's, He's, Biden, Robert Alexander, Getty, Joe Biden, David Rosenberg, it's, BEOWULF SHEEHAN, Tyler Le, Carrie Sun, Chase Coleman, Jamie Dimon, Ray Dalio, Chelsea Jia Feng, Elon Musk, Tesla, Musk, Lily Lyman, who's, Dealogic, Anson Chan, Lil Wayne, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Bloomberg, Getty, Federal Reserve, Trump, Wall, titans, Chelsea, Tesla, Nvidia, BI, Medical Properties Trust Locations: Powell, New York, London

☆ Turns out that giving up the grind and retiring to Italy is as good as it sounds
▼ + stars: | 2024-03-02 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

If you've ever dreamed of giving up the grind and retiring in Italy, apparently it's as good as it sounds. On the agenda today:This story is available exclusively to Business Insider subscribers. In fact, this is a topic my colleagues at Business Insider cover extensively all year long. But understanding and improving your VO2 Max, a measure of how much oxygen you use during exercise, could be the key to unlocking a longer life. AdvertisementA higher VO2 max can give you a better chance at a longer life.

Persons: —, we've, Alyssa Powell, They're, Christopher Malcolm, Getty, Klaus Vedfelt, Abanti Chowdhury, Max, Marc Piasecki, Tyler Le, Stellan, Skarsgård, Baron Vladimir Harkonnen, Jia Feng, Devin Shaffer, Neiman Marcus, Le, Napoleon, Ridley, Joaquin Phoenix, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Getty, Universal, Miramax, Warner Bros, BI, Netflix, Apple TV, Apple, Hulu, Paramount Locations: Italy, Texas, Tuscany, America, United States, New York

☆ A Chinese EV maker just revealed a 1,300 horsepower supercar
▼ + stars: | 2024-02-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —BYD is a Chinese carmaker that recently unseated Tesla as the world’s leading seller of electric vehicles. Its new all-electric Yangwang U9 has nearly 1,300 horspower and is designed to compete directly with Lamborghini and Ferrari. As an electric supercar, the Yangwang U9 combines power and performance similar to a 1,800-horsepower, $2 million Rimac Nevera, but in a package costing less than gasoline-powered cars from the famous Italian automakers. Tesla chief executive Elon Musk has said that Chinese EV makers like BYD could “demolish” other automakers as the industry transitions to electric vehicles. ]”A rear view of the BYD Yangwang U9 electric car in Shenzhen, China, earlier this year.

Persons: Tesla, BYD, Elon Musk, ” Carlos Tavares, Stellantis, Qilai Shen, Stephan Winkelmann, CNN’s Shawn Feng Organizations: CNN, Lamborghini, Ferrari, Dolphin, Elon, Jeep, Fiat, Bloomberg, Getty Locations: Chinese, Europe, New York, Shenzhen, China

☆ Wall Street is loving AI while Big Tech is warning employees about how they use it
▼ + stars: | 2024-02-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Wall Street's love affair with Nvidia (and AI) while Big Tech still grapples with how to use the tools . Since Nvidia's GPUs sit at the center of the AI revolution, the company's success suggests the hype around the tech is warranted. One issue is bias showing up in AI tools . AdvertisementInternal documents show that Amazon is warning its employees not to use third-party generative AI tools for work , BI's Ashley Stewart and Eugene Kim report. It's an interesting acknowledgement of the risks involved with using AI tools — especially when Amazon is pitching its own chatbot to customers .

Persons: —, It's, Michael M, Tyler Le, it's, Matthew Fox, Wall, Jensen, Kathleen Brooks, XTB, BI's George Glover, Chelsea Jia Feng, — ChatGPT, Monica Melton, BI's Ashley Stewart, Eugene Kim, Paul Morigi, Jenny Chang, Rodriguez, Goldman, Joe Duran, Jensen Huang, Huang, Reddit, Sam Altman, Elon Musk, Gemini, isn't, RJ Scaringe, Rivian, Scaringe, Steve Conine, Niraj Shah, Lucas Jackson, Wayfair, Bruce Dixon, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Nvidia, Big Tech, Getty, Nasdaq, Nikkei, GameStop, SEC, CNBC, EV, Warner Bros Discovery Inc, Hyatt Hotels Locations: Paul, New York, London, Chicago

☆ Why the Year of the Dragon doesn't bode well for China’s declining population
▼ + stars: | 2024-02-14 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

In this zodiac cycle, those born between Feb.10, 2024 and Jan. 28, 2025 will be classified as "Dragon babies." While people in China also hold these beliefs, birth rates in the country have actually fallen during the "Dragon Years." For instance, Singapore's birth rates rose by 21% in 1988, and 8% in 2000 and 2012. Asian folklore, however, may not be able to do much for China's falling birth rates, which could continue to drop "quite precipitously," Tay warned. China's birth rates have seen a secular decline, falling to 6.39% in 2023 from 22.37% in 1988.

Persons: Jacelyn Phang, feng, Yuan Zhong Siu, Phang, Erica Tay, Maybank, Tay, Tianchen Xu Organizations: CNBC, The Economist Intelligence Locations: China, Asia

☆ Chinese zodiac fortune predictions for 2024
▼ + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +19 min

Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.

Persons: Hong Kong CNN —, There’s, ”, Chen, “, Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, –, it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, ”, Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province

☆ Inside Project Espresso, Amazon's secretive and painful reset of its big healthcare bet
▼ + stars: | 2024-02-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +9 min

It already shut down the Amazon Care telehealth service in 2022, while disbanding Haven , a joint healthcare venture, in 2021. She said Amazon's healthcare business continues to grow and receive positive customer feedback. Less focus on senior healthcareAnother idea One Medical recently explored was to put less focus on the senior healthcare business. Still, for some One Medical employees, Amazon’s scrutiny is leading to growing frustration. “As Trent Green communicated to employees, One Medical employees will not return to physical offices at this time.

Persons: Big, Samantha Kruse, ” Kruse, Andy Jassy Chelsea Jia Feng, Neil Lindsay, ” Amazon’s Kruse, Amazon's Kruse, Lindsay, ”, Amir Dan Rubin, Kruse, Amazon’s, “, Trent Green Organizations: Business, Amazon, Care, Amazon Health Services, Amazon's Pharmacy, Amazon Health, Iora Health, Iora, “ Locations: New York, Minneapolis, St, Petersburg , Florida, Francisco

☆ Opinion | The Year of the Dragon Plant
▼ + stars: | 2024-02-09 | by ( Bonnie Tsui | ) www.nytimes.com time to read: +1 min

We call it the mother plant, and, like my gung gung, it’s always been there. My grandfather’s name was Suey Lin Dong; gung gung is Cantonese for maternal grandfather. As a gesture of housewarming, his own mother gave him a dracaena plant; with his attention, it bloomed, sprouted new branches, bloomed again. In this time of grief, we piece together the story of the mother plant. Dracaena comes from the Greek drakaina, for dragon; in some species, cutting the bark secretes a red medicinal resin, known as dragon’s blood.

Persons: it’s, Suey Lin Dong, gung gung, bloomed, Dracaena Locations: New York City, Hong Kong, Chinatown, Flushing , Queens

☆ China's economy is at risk of a brutal 'debt-deflation spiral'
▼ + stars: | 2024-02-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

China's economy has crawled out of the pandemic far below the pace of what most analysts expected, and if policymakers don't step in with sufficient support in 2024, a "debt-deflation spiral" could ensue. Deflation and falling stocksThe researchers said China's leadership has failed to address the lopsided supply and demand dynamics in particular. Meanwhile, deflation has crushed corporate earnings and stock prices in China, as well as wage growth and tax revenues. Nominal GDP grew at 4.6% in 2023, 0.6 points below real growth. "The economy could fall into a debt-deflation spiral without adequate policy support."

Persons: Gene Ma, Phoebe Feng, Ma, Feng, Banks Organizations: Wall Street, Institute of International Finance, CSI, People's Bank of Locations: China, Beijing, People's Bank of China

☆ Chinese media claims it doesn't fear Taiwan's new weapons that can strike deep into China
▼ + stars: | 2024-02-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Read previewTaiwan's new long-range cruise missiles are slow and easy to shoot down, Chinese media reports — claims whose truth depends on many unknowns. In the game, Taiwan used its missiles against the Chinese invasion fleet in the Straits of Taiwan, rather than striking ports. Could Taiwan's long-range cruise missiles penetrate Chinese defenses? As the Ukraine war has shown, subsonic cruise missiles can be intercepted by anti-aircraft missiles such as the U.S. Patriot and Russia's S-300. AdvertisementEither way, the technical capabilities of Taiwan's cruise missiles may not be the biggest issue.

Persons: —, Feng, Tien, Yun Feng, Mark Cancian, Cancian, Russia's, Masao Dahlgren, Dahlgren Organizations: Service, Business, Ordnance Industry Science Technology, China Morning, Missile, Center for Strategic, International Studies, Abrams, Missiles, US, CSIS, U.S . Patriot Locations: Beijing, U.S, China, Taiwan, Washington ,, Straits, Ukraine

☆ Australian writer Yang Hengjun given suspended death sentence in Beijing
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +2 min

A Beijing court on Monday handed Australian writer Yang Hengjun a suspended death sentence, five years after he was first detained in China and three years after a closed-door trial on espionage charges. Yang's sentence was confirmed by another human rights lawyer in Beijing who has been following his case. Yang's family was "shocked and devastated by this news, which comes at the extreme end of worst expectations", said a family spokesman in Sydney. Australia had said it was troubled by repeated delays in Yang's case, and had advocated for his well-being, including access to medical treatment "at the highest levels". A Beijing court heard Yang's trial in secret in May 2021 and the case against him has never been publicly disclosed.

Persons: Yang Hengjun, Yang, Feng Chongyi, Penny Wong, Wong, Dr Yang Organizations: Australian Locations: Beijing, China, Australian, New York, Guangzhou, Sydney, Australia, United States

☆ CLSA Feng Shui Index: We think the HSI will break even by mid-year, analyst says
▼ + 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 EmailCLSA Feng Shui Index: We think the HSI will break even by mid-year, analyst saysJustin Chan, equity research analyst at CLSA, says "after a slow start in the first quarter, we think that the Han Seng Index will break even by mid-year, and then continue to rise up, eventually reaching new heights."

Persons: Justin Chan Organizations: Shui

☆ China is facing a brutal reality as it desperately tries to fix its population decline problem
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's population fell for a second consecutive year as the birth rate reached a record low. AdvertisementFor the second year in a row, China's population fell. But still, the Chinese population — young people, in particular — did not bite. The law was introduced, in part, as an effort to boost the country's birth rate. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

☆ China's population decline likely won't be solved by throwing money at its citizens, an expert on China says
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's ruling party introduced a "three-child policy" in 2021, welcoming families to have more than two children. A solution for China's demographic crisis likely won't come through a few policy initiatives, Wang argued. The law was introduced, in part, as an effort to boost the country's birth rate. Taiwan has so far invested $3 billion in implementing programs to get more citizens to have children, The Los Angeles Times reported. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, Business, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

☆ ‘I don’t want to spend’: How a TikTok comedian’s call for ‘loud budgeting’ can help your wallet
▼ + stars: | 2024-01-29 | by ( Victoria Feng | Special To Cnbc | ) www.cnbc.com time to read: +2 min

But he sees the very real financial consequences that influencers and TikTok trends like quiet luxury have, especially on younger consumers. "There was this idea of keeping up with the Joneses," said Daigle, a member of the CNBC Financial Advisor Council. Nearly two-thirds, 62%, of Americans are living paycheck to paycheck, according to LendingClub. For loud budgeting to be effective rather than gimmicky, Daigle suggests that people focus on their financial priorities and practice moderation with their spending changes. To help stay on track, she recommends using a budgeting tool like YNAB, also known as You Need a Budget.

Persons: Thomas Barwick, Steven Sierra, Sophia Bera Daigle, That's, I'm, Daigle Organizations: Digitalvision, Getty, Lukas, CNBC, Gen

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