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☆ TikTok aside, Congress has its eye on the U.S. money going into China
▼ + stars: | 2024-03-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The House Select Committee on the CCP, established in January last year, led the legislative act to essentially ban TikTok in the U.S. if its Chinese parent ByteDance doesn't sell the popular social media app. watch nowThe House select committee in February also published a report alleging U.S. venture capital firms invested billions "into PRC companies fueling the CCP's military, surveillance state and Uyghur genocide." Similar research detailing the links between U.S. capital, venture firms in China and Chinese tech startups has started making its rounds in major media outlets since late 2023. The Senate in July overwhelmingly passed a bill that would have required U.S. investors in advanced Chinese technology to notify the Treasury Department. The Biden administration in August issued an executive order aimed at restricting U.S. investments into semiconductor, quantum computing and artificial intelligence companies citing national security concerns.

Persons: Ken Cedeno, that's, Mike Gallagher, Gallagher, Andrew King, King, Biden, Michael McCaul, Gregory W, Meeks Organizations: U.S, Capitol, Reuters, The U.S, Congress, Chinese Communist Party, CNBC, House Armed, Technologies, Innovation, Intelligence, CCP, Future, Ventures, Treasury Department, Treasury, Foreign, China's Ministry of Commerce, Financial Regulatory Administration Locations: Washington , U.S, Reuters BEIJING, The, China, United States, U.S, Beijing, San Francisco

☆ Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond: police
▼ + stars: | 2024-03-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

A toxicology report later showed that Chao had a blood-alcohol concentration of .233, the Blanco County Sheriff's Office said in its report. Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle. "Chao, who is still on the phone with Keinan, tells Keinan in a [calm] voice her feet are under water," the report said. "Chao told Keinan the water was rising and she was going to die, and said, 'I love you' to Keinan prior to the vehicle going under water." Both deputies entered the pond and tried repeatedly to locate Chao through the back door, "but were unable to," the report said.

Persons: Angela Chao, Pitbull, Chao, Mitch McConnell, Elaine Chao, Tesla, Jim Breyer, Breyer, Amber Landeau, Kienan, Keinan, Victoria Garcia, Victoria, Heela Yang Tsuzuki, One, James Chao, Bruce Wasserstein Organizations: U.S . Labor, Transportation, Blanco County Sheriff's, Ninth, Academy Museum of Motion Pictures, Harvard Business School, Rescue, Texas Rangers, FBI, Blanco County Sheriff's Office, American Bureau of Shipping Council, Harvard Business School's, Dean's Advisors, Metropolitan Opera, National Basketball, Boston Celtics, Facebook, Walmart, Marvel Entertainment, News Corp, Dell Locations: Los, Beverly Hills, Los Angeles , California, Johnson City, Austin, Ky, Texas, Blanco County, New York, Dubai

☆ Only Iceland, Finland, and 5 other countries had clean enough air to meet a global safety standard: data
▼ + stars: | 2024-03-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

The 2023 World Air Quality Report showed that only a few countries have acceptable air quality. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHardly any countries have clean enough air to hit a global safety benchmark, according to new research. The only seven countries deemed acceptable were Estonia, Finland, Grenada, Iceland, Mauritius, Australia, and New Zealand. Advertisement"The science is pretty clear about the impacts of air pollution and yet we are so accustomed to having a background level of pollution that's too high to be healthy.

Persons: —, IQAir, Marco Bottigelli, Hammes, David Dee Delgado Organizations: Service, World Health Organization, Guardian, Chrysler, Getty, Las Locations: Bangladesh, Pakistan, India, Canada, North America, Swiss, Estonia, Finland, Grenada, Iceland, Mauritius, Australia, New Zealand, Puerto Rico, French Polynesia, Southern Iceland, Northern America, West, New York City, Helinski, Tallinn, Hamilton, Bermuda, Reykjavik, Canberra, Wellington, San Juan ( Puerto Rico, Columbus , Ohio, Las Vegas

☆ Domo CEO Josh James stepped down in 2022 after being accused of sexual assault, according to police reports and employees. No charges were filed.
▼ + stars: | 2024-03-19 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +8 min

Domo CEO Josh James stepped down in 2022 after he was accused of sexual assault, according to police reports and employees. One current Domo employee and three former employees said the company's board was made aware of the allegations against James prior to his sudden departure. In March 2023, a year after stepping down, James returned to Domo as CEO. Timeline of Josh James' departure from Domo and subsequent returnNovember 20, 2021 : According to claims in police reports, Josh James sexually assaults an employee during a business trip to Columbia, South Carolina. February 2022 : Domo fires the employee, according to her account to police officers.

Persons: Josh James, James, haven't, John Mellor, Catherine Wong, Daniel Stevenson, Mellor, Bruce Felt, Ian Tickle, Laurence, Jay, Brown, Dana Evan, Joy Driscoll Durling, James didn't, Domo, Brown Jr, James “, “, ” James, what's, ” Organizations: Business, Securities and Exchange, Domo, Columbia —, American Fork City Police, Columbia Police Department, Columbia Police, BI, Columbia Locations: Columbia , South Carolina, Utah, Columbia, South Carolina

☆ Safety regulators probe Ford driver assist features after fatal crash
▼ + stars: | 2024-03-19 | by ( ) edition.cnn.com time to read: +2 min

Washington DC CNN —The National Highway Traffic Safety Administration said on Monday it has opened an investigation into a recent Ford Mustang Mach-E fatal crash in San Antonio, Texas, where authorities suspect an advanced driver assistance system was in use. Driver assistance features are being hailed by automakers as a way to reduce accidents, but federal safety regulators are concerned that over-reliance on the features by drivers could be causing some accidents. While NHTSA has opened more than three dozen Tesla special crash investigations since 2016 where advanced driver assistance systems such as Autopilot were suspected of being used with 20 crash deaths reported, this is NHTSA’s first special crash probe involving a Ford advanced system. NHTSA typically opens more than 100 special crash investigations annually into emerging technologies and other potential auto safety issues. In addition to the NHTSA probe, on Friday, the National Transportation Safety Board opened a separate investigation into the Feb. 24 crash.

Persons: Jeffrey Allen Johnson, Austin, Ford, “, CNN’s Chris Isidore Organizations: Washington DC CNN, Traffic Safety Administration, Ford, NHTSA, National Transportation Safety, NTSB, San, Honda Locations: San Antonio , Texas, San Antonio

☆ Famine in northern Gaza is imminent as more than 1 million people face ‘catastrophic’ levels of hunger, new report warns
▼ + stars: | 2024-03-19 | by ( Helen Regan | ) edition.cnn.com time to read: +11 min

Mousa Salem/Anadolu Agency/Getty Images Palestinians transport bags of flour on the back of trucks as humanitarian aid arrives in Gaza City on March 6. Omar Qattaa/Anadolu Agency/Getty Images Palestinians wait to receive food at a refugee camp in Rafah on January 27. Omar Qattaa/Anadolu Agency/Getty Images Humanitarian aid packages are dropped from the air by Jordanian army planes in Gaza City on March 1. Abed Zagout/Anadolu Agency/Getty Images A funeral prayer is performed for Yazan al-Kafarneh, the 10-year-old Palestinian child who died of malnutrition, on March 4. Dawoud Abo Alkas/Anadolu Agency/Getty Images Children suffering from malnutrition receive treatment at a health-care center in Rafah on March 5.

Persons: Israel, Antonio Guterres, ”, Cindy McCain, it’s, Josep Borrell, Israel “, Trucks, ” Borrell, Loay, Fadi, Kamal Adwan, Omar Qattaa, Saher, Ahmed Qannan, Mohammed Salem, Said Khatib, Dawoud Abo, Jehad, crouches, Abed Zagout, Yazan, Rabie Abu Noqaira, Mohammed Abed, Alexi J . Rosenfeld, Yasser Qudih, Fatima Shbair, Benjamin Netanyahu, ” Netanyahu, Stringer, Khan Younis, “, Netanyahu, Joe Biden, Jake Sullivan, Biden, Sullivan Organizations: CNN, Integrated, IPC, United Nations, Ministry of Health, Food, UN, Washington Post, Kamal, Anadolu Agency, Getty, AFP, Reuters, US Air Force, UPI, Dawoud Abo Alkas, Aid, ”, Gaza, National Locations: Gaza, UN, ”, Israel, Rafah, Mousa Salem, Gaza City, AFP, Jordanian, Territories, Deir, Egypt, United States

☆ Risky commercial real estate investments are getting squeezed as the market collapses
▼ + stars: | 2024-03-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Delinquent assets are taking over investment products that bundle risky commercial real estate debt, Bloomberg reported. Issuers are extending maturities and buying back delinquent loans. Between 2019 and 2021, CLO issuance skyrocketed from $19 billion to $45 billion, Bloomberg found. Others are using cash reserves to buy out delinquent loans, purchasing a record $1.3 billion last year, according to JPMorgan estimates cited by the outlet. AdvertisementIssues with CLOs reflect a bigger theme in commercial real estate, as even investment grade projects face debt concerns.

Persons: —, CLOs Organizations: Bloomberg, Service, Investment, JPMorgan, Barclays

☆ EU-China trade relations are in a 'slow-motion train accident,' business group says
▼ + stars: | 2024-03-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

"What we see right now is the unfolding of a slow-motion train accident," he told reporters at a briefing last week. "That's when trade becomes a security question and I think that is perhaps not fully appreciated in China just yet." There needs to be an honest conversation between Europe and China about what this is going to mean. The EU was China's largest regional trading partner until Southeast Asia recently surpassed it. The U.S. is China's largest trading partner on a single-country basis.

Persons: Jens Eskelund, Eskelund, I've, Markus Herrmann Chen Organizations: Future Publishing, Getty, European Union Chamber of Commerce, EU, of Commerce, Investment, China Macro Locations: Hefei, Anhui province, BEIJING, Europe, Beijing, China, Southeast Asia, U.S

☆ Food Aid From Cyprus Reaches Starving People in Northern Gaza, Says Charity
▼ + stars: | 2024-03-19 | by ( March | At A.M. | ) www.usnews.com time to read: +2 min

NICOSIA (Reuters) - A U.S.-based charity said a consignment of almost 200 tons of food aid had reached starving people in northern Gaza on Tuesday, a week after being despatched via a maritime route from the Cypriot port of Larnaca. World Central Kitchen (WCK), working with the United Arab Emirates and Spanish charity Open Arms, sent the food via the 200-mile (322-km) sea route from Larnaca to a makeshift jetty off Gaza. War in Israel and Gaza View All 222 ImagesA U.N.-backed report said on Monday that famine was "imminent" in the northern Gaza Strip, where some 300,000 people are trapped by fighting. Across the whole Gaza Strip, the number of people facing "catastrophic hunger" has risen to 1.1 million - half the population. "WCK is ready to send tonnes of food weekly to Gaza with support from the international community," WCK said in a statement.

Persons: WCK, Konstantinos Letymbiotis, Michele Kambas, Gareth Jones Organizations: United Arab, Spanish, Food Programme Locations: NICOSIA, U.S, Gaza, Cypriot, Larnaca, United Arab Emirates, Israel, Cyprus

☆ World’s worst polluted cities are in Asia - India’s Begusarai topping IQAir report
▼ + stars: | 2024-03-18 | by ( Helen Regan | ) edition.cnn.com time to read: +8 min

“We see that in every part of our lives that air pollution has an impact,” said IQAir Global CEO Frank Hammes. “And it typically, in some of the most polluted countries, is likely shaving off anywhere between three to six years of people’s lives. Central and South Asia were the worst performing regions globally, home to all four of the most polluted countries last year: Bangladesh, Pakistan, India and Tajikistan. South Asia is of particular concern, with 29 of the 30 most polluted cities in India, Pakistan or Bangladesh. One bright spot is increasing pressure and civic engagement from communities, NGOs, companies, and scientists to monitor air quality.

Persons: ”, Frank Hammes, Hammes, “ What’s, IQAir, Chiang Mai, that’s, ” Hammes Organizations: Hong Kong CNN, Health, IQAir, WHO, Dhaka, CNN, America, Reuters Locations: Hong Kong, Asia, India, India’s Bihar, Guwahati, Assam, Delhi, Mullanpur, Punjab, South Asia, Bangladesh, Pakistan, Tajikistan, Lahore, New Delhi, Finland, Estonia, Puerto Rico, Australia, New Zealand, Bermuda, Grenada, Iceland, Mauritius, French Polynesia, Canada, Alberta, United States, Minneapolis, Detroit, Columbus , Ohio, Portland, Seattle, Los Angeles, China, Beijing, Hotan, Southeast Asia, Philippines, Indonesia, Vietnam, Thailand, Bangkok, Africa, South America, Burkina Faso, Rwanda, Chad

☆ Apple is getting serious about AI
▼ + stars: | 2024-03-18 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

It comes as Apple is expected to unveil several new AI features at its developer conference in June. According to a Bloomberg report, Apple is interested in licensing and building Google’s Gemini AI engine, which includes chatbots and other AI tools, into upcoming iPhones and its iOS 18 features. A partnership with Google would catapult Apple into the growing AI arms race. Apple, Google and OpenAI did not respond to a request for comment. Behind the scenes, Apple reportedly has been working its on-device generative AI capabilities and acquiring companies, such as Canadian startup DarwinAI.

Persons: they’ve, —, Siri, OpenAI, Tim Cook, we’re, Apple, Angelo Zino, Beata Zawrzel, Wedbush Organizations: CNN, Apple, Google, Bloomberg, Learning Research, CFRA Research, Wedbush Securities, Gemini, Microsoft Locations: Cupertino

☆ Apple is reportedly in talks to license Google's Gemini for generative AI on iPhones
▼ + stars: | 2024-03-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Lionel BONAVENTURE / AFP) (Photo credit should read LIONEL BONAVENTURE/AFP via Getty Images)Apple is reportedly in talks with Google to let the iPhone maker license and build its Gemini artificial intelligence engine into the iPhone, according to a Bloomberg report. Gemini is Google's suite of generative AI tools, which ranges from chatbots to coding assistants. Apple could launch the iOS 18 — its latest operating system for the iPhone — at its Worldwide Developer's Conference in June. Apple also recently held discussions with OpenAI and has considered using its model, according to the people cited by Bloomberg. However, the report said "the two parties haven't decided the terms or branding of an AI agreement or finalized how it would be implemented."

Persons: Lionel BONAVENTURE, LIONEL BONAVENTURE, OpenAI, haven't Organizations: Google, Facebook, Apple, Getty, Bloomberg, Worldwide Developer's Conference Locations: Paris, AFP

☆ Four of investors' top 5 favorite investment destinations are in Europe, Milken Institute report shows
▼ + stars: | 2024-03-18 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

Four of investors' top five favorite destinations are in Europe, according to the Milken Institute's Global Opportunity Index (GOI) report. The country ranked fifth in the financial services category, which evaluates the overall financial system in a nation as well as the accessibility to finance. Among Asian E&D economies, Malaysia emerged as investors' favorite and ranked 27th globally. Overall, E&D regions "offer attractive opportunities to investors interested in emerging markets with favorable growth potential," the report said. Rising tensions between the U.S. and China, however, have hit inflows to Asian E&D economies, down 75.4% in 2022, the report added.

Persons: Maggie Switek, Switek Organizations: New York Stock Exchange, Milken, Denmark, Denmark Sweden Finland United States United, The Milken Institute, The New York Times, U.S Locations: New York, Europe, Denmark, Denmark Sweden Finland United States United Kingdom, U.S, Finland, Asia, Malaysia, China

Experts anticipate a steep rise in malnutrition-related deaths in children in Gaza, according to a new report from a global authority on food security and nutrition, which warned of especially dire circumstances for 300,000 people in the northern part of the territory. “Famine is imminent in the northern governorates and projected to occur anytime between mid-March and May 2024,” said the report released Monday by the Integrated Food Security Phase Classification global initiative. The group — set up in 2004 by U.N. agencies and international relief groups — has classified a famine only twice before: in Somalia in 2011 and in South Sudan in 2017. Across the Gaza Strip, people are facing severe shortages of food and other basic goods amid Israeli’s bombardment and a near-total blockade. “Since then, the conditions necessary to prevent famine have not been met,” the latest report said.

Persons: ”, “ Organizations: Integrated, U.N Locations: Gaza, Somalia, South Sudan

☆ Stocks making the biggest moves midday: Nvidia, Apple, Alphabet, PepsiCo and more
▼ + stars: | 2024-03-18 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors see the event as a bellwether for artificial intelligence, as Nvidia is expected to unveil new products and updates. Alphabet , Apple — Shares of the Google parent company gained nearly 7% following a Bloomberg report that said Apple was discussing licensing Alphabet's Gemini artificial intelligence engine into the iPhone. Apple climbed roughly 2%. PepsiCo — The beverage stock rose nearly 4% after an upgrade to overweight from equal weight by Morgan Stanley . PepsiCo's business fundamentals should bottom out early this year and then rebound in the second half, according to Morgan Stanley.

Persons: Apple, Tesla, Morgan Stanley, Uber, — CNBC's Pia Singh, Jesse Pound Organizations: Nvidia —, Conference, Investors, Nvidia, National Association of Realtors, realtors ., —, Google, Bloomberg, Apple, Taiwan Semiconductor Manufacturing, Reuters, Bank of America, PepsiCo, Technologies Locations: San Francisco, Japan

☆ TikTok debate reveals the risks for investing in China during U.S. election year
▼ + stars: | 2024-03-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The debate over whether Chinese-owned TikTok can operate in the U.S. is back with fervor, revealing more about the risk for Chinese stocks in a U.S. presidential election year. Such considerations motivated Goldman Sachs analysts to update their model for measuring the level of risk from U.S.-China tensions in Chinese stocks. Their barometer, created in 2020, "has correlated well with the U.S.-China events timeline, and China equity performance," the analysts said. Goldman's revised U.S.-China tensions barometer stands at a modest 53 out of 100, indicating a "somewhat benign" outlook for the bilateral relationship. But as the TikTok bill now makes its way to the Senate, many analysts expect its momentum to slow.

Persons: Goldman Sachs, Goldman's, It's, Raymond James, That's, Steven Mnuchin, CNBC's, Mnuchin, Donald Trump, Joe Biden, Trump, Biden, Goldman, — CNBC's Michael Bloom Organizations: U.S ., Goldman, U.S, Chinese Communist Party, IMEIK Technology, Postal Savings Bank Locations: U.S, China, Beijing

☆ Remote Island near Antarctica overrun with a million mice that eat rare seabirds
▼ + stars: | 2024-03-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

The Mouse-Free Marion project plans to eradicate the rodents with rodenticide. They've got to all sorts of places," Anton Wolfaardt, the Mouse-Free Marion project manager, told The AP. Conservationists on Marion Island photographed a mouse sitting on the bloodied head of a wandering albatross chick feeding. "Marion Island's seabirds are members of a regional seabird community innately connected to the functioning and health of the sub-Antarctic region," he said. There are estimated to be over a million mice on Marion Island, The AP report said.

Persons: —, Prince Edward Islands, They've, Anton Wolfaardt, Marion, Wolfaardt, Keith Springer Organizations: Marion, Service, Associated Press, AP, BirdLife International, Guardian Locations: Marion Island, Antarctica, Cape Town , South Africa, Marion, South Africa

☆ The UK is the 2nd-most miserable country in the world, report says
▼ + stars: | 2024-03-17 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

The UK is the second-most miserable country in the world, a new report said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe UK is the second-most miserable country in the world, a new global well-being index said. Only Uzbekistan came lower in the rankings, which were published in the US nonprofit Sapien Labs' Mental State of the World Report earlier this month. The World Happiness Report 2023 suggested the UK was the 19th happiest country in the world.

Persons: —, Vladimir Putin's, Bridge Lucy Organizations: Service, Sapien Labs, Mental State, Sapiens Labs, Britain, Labs, Bridge Locations: Uzbekistan, Dominican Republic, Sri Lanka, Tanzania, Ukraine, Yemen, Western

☆ Why there are more 'iconic' giant sequoias in Britain than California, where they are under threat
▼ + stars: | 2024-03-16 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Giant sequoias are thriving in the UK, scientists say. AdvertisementGiant sequoias, some of the largest trees on Earth, are suffering in their native California due to threats from wildfires and climate-change-fueled droughts. But that's in part down to their youth, with the oldest giant sequoia in the UK dating to 1863, UCL said in its report. By contrast, the oldest known giant sequoia in the US reached 3,266 years old, according to the National Park Service. UCL said giant sequoias "can potentially pull an average of 85 kilograms of carbon out of the atmosphere per year."

Persons: —, Mathias Disney Organizations: Service, Royal Society, University College London, UCL, Reuters, Disney, National Park Service Locations: California, Britain, Victorian Britain, Sierra Nevada, sequoia

CNN —A major fire ravaged the 80-year-old iconic Al-Ahram Studio in Cairo, causing extensive damage and spreading to adjacent buildings on Saturday morning, according to the Egyptian state news website Al-Ahram. The fire, which took firefighters over five hours to extinguish and prompted an evacuation of nearby residential buildings, erupted just hours after the completion of filming for a Ramadan television series, Al-Ahram added. Videos circulating on Egyptian media sites showed the studio site and the buildings around it fully affected by the fire. The studio had been instrumental in producing countless Egyptian films and television series, marking it as a significant cultural asset. Egypt’s Public Prosecutor has launched an investigation into the cause of the fire at one of the Arab world’s oldest film production houses, state media outlets report.

Persons: Ahram, Momen Samir, ”, Omar Sharif, Youssef Chahine, Mostafa Madbouly, Nevine, Kilany Organizations: CNN, Ahram, Getty, Hollywood, Egypt’s, Madbouly, State Information Service Locations: Cairo, Ahram, AFP, Egypt, Al

☆ U.S. investigating Meta for role in illicit drug sales, WSJ reports
▼ + stars: | 2024-03-16 | by ( ) www.cnbc.com time to read: +1 min

A smart phone is displaying Facebook with the Meta icon visible in the background in this photo illustration. The paper quoted a spokesman for Meta as saying in a statement: "The sale of illicit drugs is against our policies and we work to find and remove this content from our services". "Meta proactively cooperates with law enforcement authorities to help combat the sale and distribution of illicit drugs," he added. The prosecutors' office and a spokeswoman for the FDA declined to comment to WSJ. Meta, the FDA and the Virginia Attorney General's office did not immediately respond to a Reuters' request for comment.

Persons: Nick Clegg, Meta Organizations: U.S, Wall Street, Drug Administration, Meta, FDA, Virginia Attorney, U.S . State Department, United Nations Office, Drugs Locations: Brussels, Belgium, Virginia

☆ Colorado Man Died From Venomous Gila Monster Bite, Autopsy Confirms
▼ + stars: | 2024-03-16 | by ( Aimee Ortiz | ) www.nytimes.com time to read: 1 min

An autopsy report revealed that a pet Gila monster’s venomous bite contributed to a Colorado man’s death in February in what an expert described as “an incredibly rare” fatality caused by one of the desert lizards. The man, Christopher Ward, 34, died on Feb. 16 “due to complications of Gila monster envenomization,” said the Jefferson County Coroner’s Office autopsy report, which also cited heart and liver problems as contributing factors. Mr. Ward endured a four-minute-long bite by the lizard to his right hand on the night of Feb. 12, the report said. Paramedics found Mr. Ward in a bed, minimally responsive and “in apparent severe distress,” the report said. He was taken to a hospital, where he was put on life support and “continued to decline throughout his hospitalization.”

Persons: Christopher Ward, ”, Ward, “ Locations: Colorado, Jefferson

☆ The 'feminization of wealth' is coming as the boomer wealth transfer boosts the economic power of women
▼ + stars: | 2024-03-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +4 min

Of all the ways the baby boomer wealth transfer is expected to reshape everything from housing to the stock market, it could have another big impact: making women a lot wealthier. According to Ellevest, which focuses on wealth management and financial planning for women, a lot of it is going to be inherited by women in a shift the firm is calling the "feminization of wealth." For one, as women live longer than men, there's a shuffling of wealth from boomer husbands to their wives. In total, about $84 trillion is expected to be passed down to younger generations in the Great Wealth Transfer by 2045. As women control more wealth, those corners of the economy will adapt to their needs.

Persons: —, Sallie Krawcheck, Krawcheck, Tracy Bell, Bell, It's, Gen Organizations: Service, Boomers, Business, Bank of America, Contemporary, First Horizon, Bank of America Private Bank Locations: America

☆ Russia is suspected of jamming the signals of a plane carrying the UK's defense secretary
▼ + stars: | 2024-03-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewRussia is suspected of jamming the signals of a military plane carrying UK Defense Secretary Grant Shapps. A UK defense source told Business Insider that the GPS on the plane carrying Shapps back from a NATO exercise to Poland was temporarily jammed near Kaliningrad, Russia's Baltic enclave, on Thursday. This story is available exclusively to Business Insider subscribers. Related storiesThe report said that it's unclear if Shapp's plane was deliberately targeted, but the flight path was visible on flight tracking websites. Russia has a powerful electronic warfare capability, which enables its military to scramble GPS signals remotely.

Persons: —, Grant Shapps, Shapps Organizations: Service, Business, RAF, Times, Norwegian Communication Authority, GPS, NATO Locations: Russia, NATO, Poland, Kaliningrad, Russia's, Russian, US, Baltic, Norway, Finland, Ukraine

☆ Look beyond Nvidia to ride the AI wave — there are other potential winners, Fidelity says
▼ + stars: | 2024-03-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

There's a whole world of stocks beyond flashy AI names such as Nvidia for investors looking to ride the latest tech wave, according to investment firm Fidelity International These indirect AI plays include semiconductor foundries, packaging technology companies and memory companies, the investment firm said in a report Wednesday. In our view, AI will follow a similar trend," said Fidelity analysts. "These include semiconductor foundries, packaging technology companies and memory companies. However, looking beyond Nvidia, stocks in the AI-related sectors outlined by Fidelity have also been on the up. Customer services firms, business process outsourcing and music content companies could also offer opportunities, said Fidelity, as they "embrace and adapt to AI."

Persons: Fidelity Organizations: Nvidia, Fidelity International, Fidelity, ChatGPT, Taiwan Semiconductor Manufacturing Company, Samsung, SK Hynix, Nasdaq Locations: Stock, South Korean

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