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☆ Stocks often drop in September — but many investors shouldn’t care
▼ + stars: | 2024-09-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Traders on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn't been kind to stock investors. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. Trying to time the market is a losing betAlistair Berg | Digitalvision | Getty ImagesInvestors holding their money in stocks for the long-term shouldn't bail, Yoder said. Don't put faith in market maximsSimilarly, investors shouldn't necessarily accept market maxims as truisms, experts said.

Persons: Spencer Platt, Morningstar, Abby Yoder, Yoder, Alistair Berg, Digitalvision, Edward McQuarrie, McQuarrie, couldn't, J.P Morgan Organizations: New York Stock, Getty, Morningstar Direct, Finance, Morgan Private Bank, Investors, Santa Clara University, Fidelity Investments, Federal Reserve, Investor, Mutual Locations: U.S, Wells, New York City, New York

☆ Russia launches counteroffensive against Ukraine in Kursk border region
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +5 min

Russia has launched a major counterattack in its Kursk border region, more than a month after a surprise invasion by Kyiv’s forces that turned the tables in the two-and-a-half-year war. Ukraine has claimed to hold some 500 square miles of Russian territory in Kursk after sweeping across the border on Aug. 6 and taking Moscow by surprise. NBC News was able to geolocate a video purporting to show a column of what appears to be Russian military vehicles moving toward the settlement of Snagost in the Kursk region. Ukrainian forces were also trying to break through the border in other areas of the Kursk region, the ministry said. Zelenskyy told NBC News last week that he planned to hold the territory his forces had seized in Kursk indefinitely.

Persons: Volodymyr Zelenskyy, Vladimir Putin, Putin, Snagost, Christopher Tuck, “ It’s, ”, Tuck, Oleksandr Musiienko, Musiienko, Zelenskyy, ” Musienko Organizations: Russian Defense Ministry, NBC News, Russia’s Defense, King’s College London, Center for Military Legal, NBC, Ukraine Locations: Russia, Kursk, Ukraine, Moscow, Pokrovsk, Russian, Snagost, Glushkovsky, Kyiv

☆ Pope Francis, in Singapore, urges fair wages for migrant workers
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

SINGAPORE — Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers. “These workers contribute a great deal to society and should be guaranteed a fair wage,” he said. Many of the migrant workers come from nearby countries such as Malaysia, China, Bangladesh and India. A Singapore NGO that provides services for migrant workers, Humanitarian Organisation for Migration Economics, welcomed the pope’s remarks, saying they were in “full agreement” with his call for fair wages. The Vatican said Francis’ Mass drew some 50,000 people to Singapore’s national sports stadium.

Persons: Pope Francis, ”, Francis, Francis ’, Tharman Shanmugaratnam, Lawrence Wong, Tiziana Fabi, Getty Images Francis, Singapore’s, John Paul II, Singapore, ” Francis, Taylor Swift, Connie Rodriguez, “, Cardinal Stephen Chow Sau Organizations: Singapore NGO, Organisation, Migration Economics, Tiziana, Getty Images, Getty, Catholic Locations: SINGAPORE, Singapore, Southeast Asia, Oceania, Malaysia, China, Bangladesh, India, Philippines, Papua New Guinea, AFP, Hong Kong, Indonesia, East Timor, Rome

☆ Why Elon Musk Is Really Taking Twitter Out of San Francisco
▼ + stars: | 2024-09-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

From the front door of X, which is closing up shop in San Francisco on Friday, Market Street runs straight through downtown to the bay. Now, as X leaves its spot, Market Street is still suffering from all the same problems it had before Twitter. After handing over millions of dollars in tax breaks to one of the world's wealthiest corporations, San Francisco has nothing to show for it. AdvertisementI keep remembering a work trip I took to San Francisco in 1999, a few years before I moved here. "Our focus remains on working with and supporting the many businesses that call San Francisco home," the statement reads.

Persons: Daniel Burnham, Elon Musk, Twitter, Ted Egan, Bon Marché, Paula Smith Arrigoni, restaurateurs, Dolby, Twitter didn't, Egan, Uber decamped, Musk, San Francisco, Adam Rogers Organizations: Twitter, Central Market, Anadolu, Getty, AQ, Area, Coalition, Apple, New York Times, San, Sony, Microsoft, Ikea, London Breed, Business Locations: San Francisco, Austin, South Park, California, Brisbane, Texas, scuzzy, gentrify, Alta, Oro, Bon, Kaya, Bay, Oakland

☆ Fear and frustration in Ohio city as political debate seizes on growing Haitian population
▼ + stars: | 2024-09-12 | by ( Caitlin Stephen Hu | Omar Jimenez | ) edition.cnn.com time to read: +9 min

“I’m always working at the restaurant,” she told CNN. A: YES, Haitian immigrants are here legally, under the Immigration Parole Program. Later, taking stock of his new life and the politicization of Springfield’s Haitian community, Dorsainvil shrugged, seeing little choice in the matter. Several other people in Springfield told CNN they were dismayed by the rhetoric and racism that they felt had been stirred up in the city for political purposes. However, they are not allowed, nor have they ever been allowed, to mention Aiden Clark from Springfield, Ohio,” the father, Nathan Clark, said.

Persons: CNN — Rose, Rosena Jean Louis, “ I’m, “, ’ ”, Romane Pierre, Donald Trump, Sen, JD Vance, Mike DeWine, ” DeWine, Vance, Sherrod Brown of, Tim Scott of, Bryan Heck, she’s, Biden, Vilbrun, ”, Dorsainvil, Republicans don’t, Amy Cox, X, ” Clark’s, Aiden Clark, Nathan Clark, We’ve, Viles, ” “ Organizations: CNN, Local, Republican, Gov, CBS, “, of Homeland Security, TPS, Sens, Trump, Amazon, Republicans, ”, Haitian Locations: Springfield , Ohio, Springfield, Rue, Canton , Ohio, Springfield’s, Clark County, Haiti, Sherrod Brown of Ohio, Tim Scott of South Carolina, Caribbean, Dayton, Ohio . Ohio, Haitian

☆ A Neom executive reportedly complained about having a meeting on a Sunday evening after 3 workers died
▼ + stars: | 2024-09-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewA Neom executive reportedly complained about having an emergency meeting on a Sunday evening following the deaths of three employees working on Saudi Arabia's megaproject estimated to cost between $500 billion and $1.5 trillion, according to a bombshell Wall Street Journal report. Wayne Borg, a former Fox Corp executive, reportedly described Neom's blue-collar workers from the Indian subcontinent as "f—ing morons" and said "that is why white people are at the top of the pecking order." This story is available exclusively to Business Insider subscribers. Citing current and former Neom employees, the Journal reported that three workers were killed by a falling pipe, a collapsing wall, and mishandled explosives. Neom told the Journal it has a zero-tolerance policy toward inappropriate workplace behavior.

Persons: —, Wayne Borg, we've, Borg, Prince Mohammed bin Salman's, Neom Organizations: Service, Saudi, Fox Corp, Business, Journal, BBC, Neom Locations: Saudi Arabia, Saudi

☆ How Russia’s Steady Advance Threatens Ukraine’s East
▼ + stars: | 2024-09-11 | by ( Josh Holder | Andrew E. Kramer | ) www.nytimes.com time to read: +6 min

Held by Russia Kyiv UKRAINE PokrovskHow Russia’s Steady Advance Threatens Ukraine’s EastRussia is closing in on a key city in Ukraine’s East in one of the fastest advances for its military since the early days of the war. RUSSIAN ADVANCES Myrnohrad Rail lines Pokrovsk Hrodivka Ocheretyne Russian forces are closing in on a key rail and road hub. Novohrodivka Russian gains since June 1 Held by Russia before June 1 Selydove Avdiivka Russian advances are threatening to encircle Ukrainian troops here. Front line on June 1 RUSSIAN ADVANCES Pokrovsk Novohrodivka Russian gains since June 1 Selydove Rail lines Russian advances are threatening to encircle Ukrainian troops here. Front line on June 1 RUSSIAN ADVANCES Pokrovsk Hrodivka Novohrodivka Russian gains since June 1 Selydove Rail lines Russian advances are threatening to encircle Ukrainian troops here.

Persons: Selydove, Myrnohrad, Avdiivka, Pokrovsk, Pokrovsk Hrodivka, Chasiv Yar, Bakhmut, Yar, DONBAS, Vladimir V, Putin Organizations: Russia Kyiv, Donetsk, American, Planet Labs, Institute for, Russia Kharkiv Locations: Russia, Russia Kyiv UKRAINE, Ukraine’s East, Pokrovsk, Ukraine, Russian, Kurakhove, Chasiv, Kursk, Russia Kharkiv Russia, Avdiivka Donetsk

☆ Starting college life? Here are 5 tips to manage mental health
▼ + stars: | 2024-09-10 | by ( Andrea Kane | ) edition.cnn.com time to read: +8 min

(CNN) — College students are carrying a lot of baggage with them as they head off to campus this fall — and not just the usual dorm accoutrements. One of the biggest challenges facing students, Roy said, is the same one confronting society at large. Know that relationships will evolveRelationships with family members and friends will likely change during college, Roy said. “Often, what’s needed is a caring, compassionate support system and time to navigate the ups and downs of college life,” she said. We hope these five tips help set up your family for a successful transition to college life.

Persons: Sanjay Gupta, it’s, Dr, Nance Roy, Roy, ” Roy, “ They’ve, ‘, ’ ”, ”, “ Organizations: CNN, — College, US Centers for Disease Control, JED, Yale School of Medicine’s, “, ” Locations: Gaza

☆ Chinese-Owned Bitcoin Mines Are Using up America's Energy, Electricity
▼ + stars: | 2024-09-10 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +13 min

Concerns about the use of cryptocurrencies for illegal activity resulted in an effective ban on crypto mining and transactions. After a massive public outcry at the end of 2021, mining companies in Kazakhstan were effectively cut off from the grid. Today, the US makes up about 40% of the global hashrate — up from 17% during China's 2021 peak — making America the biggest hub for bitcoin mining. However, in recent years, bitcoin mining has become increasingly concentrated in the hands of a small number of private companies. Given how much energy bitcoin mining consumes, it's worth questioning whether its presence in the US is really worth the trade-off.

Persons: Xi Jinping, Zoe Liu, hasn't, pushback, haven't, Jeremy Fisher, Fisher, Gladys Anderson, Kelley Sayre, Stephanie Marsh, Marsh, Gavin Newsom, would've, Donald Trump, Trump, Satoshi Nakamoto, Saifedean Ammous, Cheyanne Diehl, wasn't, Biden, Joe Biden, Liu Pengyu, America Organizations: Council, Foreign Relations, Mining, Cambridge, Goodyear, Sierra, Environmental, New York Times, Tech, Gov, Securities and Exchange Commission, July's Bitcoin, SEC, National Bureau of Economic Research, Inc, Nasdaq, Embassy, EV, Sierra Club, City Council, Digital Locations: China, Kazakhstan, America, Utah, West Virginia, Akron , Ohio, Rockdale , Texas, Murphy , North Carolina, Massillon , Ohio, Bono , Arkansas, Vilonia , Arkansas, Akron, California, Nashville, Massillon, Ohio, Chinese, Massillon's City, In Arkansas, Wyoming, Washington, Harrison , Arkansas

☆ Rapper Ye is set to perform a controversial show in China this week — and many are wondering why
▼ + stars: | 2024-09-10 | by ( Serenitie Wang | ) www.cnbc.com time to read: +4 min

"This is Hainan trying hard to forge its branding as an international destination," said Michael Zhou, founder of Jingjian, a consultancy specializing in China tourism. The tropical island of Hainan, dubbed the "Hawaii of China," has long been a top travel destination for domestic tourists. According to Zhou, the bulk of Hainan's tourism income comes from hotel stays and duty-free shopping. "As it is the largest duty-free channel in China, Hainan's duty-free sales decline is inevitable," said Charlie Chen, head of Asian Research at China Renaissance, a financial institution. Ye and the China connectionCDF Haikou International Duty Free City is one of many duty-free malls on the Chinese island of Hainan.

Persons: Du, Ye, Michael Zhou, Zhou, netizens, Ye's, Charlie Chen, Hainan's, Luo Yunfei Organizations: straitlaced Communist Party, Communist, Hainan's Provincial, of Statistics, Haikou, Asian Research, Duty, China News Service, Getty Locations: Hainan, Shanghai, China, Weibo, Beijing, Ye, Hawaii

But actually being able to watch it has proven a bit tricky, so we've put together everything you need to know about how to watch ABC, including live streaming options. Keep reading to learn how to watch ABC from anywhere. How to watch ABC in the USIf you don't have cable or recently lost ABC in your TV package, you don't need to worry. You can also catch the network through live TV packages, like Sling TV or Fubo. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for.

Persons: we've, Kamala Harris, Donald Trump, you've, Flatenna, ExpressVPN Organizations: Business, ABC, Abbott, NBA, NFL, NHL, Morning America, DirecTV, Disney, ESPN, Fubo, Democratic, Republican Locations: New York, Los Angeles, Chicago, Philadelphia

☆ Ukraine’s military is struggling with low morale and desertion
▼ + stars: | 2024-09-08 | by ( Ivana Kottasová | Kostya Gak | ) edition.cnn.com time to read: +13 min

Standing outside that office, chain smoking and drinking sweet coffee, he told CNN he just couldn’t handle watching his men die anymore. They see a lot of enemy drones, artillery and mortars,” one unit commander currently fighting in Pokrovsk told CNN. A group of Ukrainian soldiers rests after completing a long mission in Russia's Kursk region. Several commanders told CNN that many officers would not report desertion and unauthorized absences, hoping instead to convince troops to return voluntarily, without facing punishment. During recent leave in Kyiv, Horetskyi told CNN that while his role has existed for a while, it consisted mostly of paperwork.

Persons: Ukraine CNN — Dima, Dima, he’d, Pokrovsk, “, didn’t, can’t, Ivana Kottasova, ”, Andryi Horetskyi, Chasiv Yar, Serhiy Tsehotskiy, Horetskyi, Vitalii, Vladimir Putin, –, Volodymyr Zelensky, Ukraine’s, Oleksandr Syrskyi, …, ” Horetskyi, “ I’ve Organizations: Ukraine CNN, CNN, Motorized Infantry Brigade, Administrative Services Center, Ukraine’s, Kyiv, Dima’s Locations: Pokrovsk, Sumy, Kyiv, Ukraine, Russia, Russia's Kursk, Ukrainian, Ukraine’s Donetsk, Luhansk, Dnipro, Russian, Donetsk, Russia’s Kursk, Kursk, Moscow, Donetsk region, “

In mid-December 2005, back when U.S.-Russia relations remained on relatively friendly terms, a new media channel called Russia Today began broadcasting English-language news. “It’s a very good start,” Russian President Vladimir Putin was quoted as saying of Russia Today at the time. In subsequent years, Russia Today would rebrand to RT, expand into other languages, and even open a studio in Washington, D.C. in 2010. The Tennessee company was not named in the indictment but appears to be Tenet Media, according to a review by NBC News of details included in the indictment. Instead of shuttering, the state media organization found alternate ways to distribute content, including a social media bot farm, the DOJ said in a July news release outlining its efforts to remove the content.

Persons: “, Vladimir Putin, Russia wasn’t, Margarita Simonyan, Elena Mikhaylovna Afanasyeva, Kostiantyn Kalashnikov, Melanie Smith, We’ve, there’s, ” Smith, ”, Eduard Grigoriann, Lauren Southern, Donald Trump, Hillary Clinton, Darren Linvill, ” Linvill, ” Simonyan Organizations: Russia Today, RIA, U.S, Institute for Strategic, NBC News, Kremlin, RT, Government, Tenet Media, NBC, YouTube, Justice Department, WikiLeaks, RT America, DirecTV, DOJ, Clemson University’s, Espanol Locations: Russia, RIA Novosti, Washington ,, U.S, Europe, Tennessee, London, Ukraine, America

We've outlined everything you need to know about where to watch the Paralympics around the world, including free streaming options. Check price at Peacock TVWhere to watch the Paralympics in the UKThe Paralympics will live stream for free on Channel 4 Sport's YouTube channel in the United Kingdom. Where to watch the Paralympics in AustraliaAs with the Olympics, the Paralympics will be shown for free on 9Now in Australia. Where to watch the Paralympics in FranceThe Paralympics will live stream for free on France.TV in France. You can still keep up with your free live streaming options using a VPN (virtual private network).

Persons: Hunter Woodhall, Johannes, Stan Sport, AWST, Peacock, ExpressVPN Organizations: Business, Paralympics, Paralympic Committee, IPC, YouTube, Sunday, NBC, Olympics, Channel Locations: Paris, ExpressVPN, United States, United Kingdom, Australia, France, 9Now

☆ India and Singapore agree to cooperate on chips as countries seek to strengthen partnership
▼ + stars: | 2024-09-05 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

The announcement comes during Indian Prime Minister Narendra Modi's two-day visit to the Lion City, which began Wednesday following a trip to Brunei. The next phase of the Singapore-India partnership is very promising," Singapore Deputy Prime Minister Heng Swee Keat said at the Singapore-India Forum organized by the Singapore-India Partnership Foundation, Institute of South Asian Studies and the Singapore Business Federation. "Singapore, India and the rest of Asia must continue to strengthen on economic connectivity and integration, to allow for capital, ideas and talent to find their optimal uses," he said. We want to create a bunch of Singapores in India," Modi said in a meeting with Wong. watch nowOn Wednesday, Modi and Singapore's Prime Minister Lawrence Wong visited Singaporean semiconductor and electronics company AEM, signaling their intent to increase cooperation in chips.

Persons: Narendra Modi, Brunei Sultan Hassanal, Dean Kassim, Narendra Modi's, Heng Swee Keat, Modi, Wong, Lawrence Wong, Heng, Ajit Doval, It's, Anit Mukherjee Organizations: India's, Istana Nurul, Afp, Getty, SINGAPORE —, Indian, Lion, Singapore -, India Partnership Foundation, Institute of South Asian Studies, Singapore Business Federation, U.S, International Monetary Fund, Singapore's, National, Imports, CNBC, Modi's, King's College London, Economic, Board Locations: Brunei Sultan, Istana Nurul Iman, Bandar Seri Begawan, SINGAPORE, SINGAPORE — India, Singapore, Brunei, India, Singapore - India, Asia, —, China, Germany, Japan

☆ India's Modi expected to usher in new era of bilateral agreements in Singapore visit
▼ + stars: | 2024-09-04 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Indian Prime Minister Narendra Modi during the launch of BJP membership campaign on Sept. 2, 2024 in New Delhi, India. Modi will also be meeting Singapore President Tharman Shanmugaratnam, Senior Minister and former Prime Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong during his two-day visit. Dean Kassim | Afp | Getty ImagesEarlier this week, the Indian prime minister made his inaugural trip to Brunei where he met Sultan Hassanal Bolkiah. Modi is India's first prime minister that has made a bilateral visit to the oil-rich country. The Indian prime minister had also visited Italy for the G7 summit, Russia, Ukraine and Poland in the last three months since his reelection.

Persons: Narendra Modi, Lawrence Wong, Modi, Tharman Shanmugaratnam, Lee Hsien Loong, Goh Chok Tong, Anit Mukherjee, Mukherjee, Dean Kassim, Sultan Hassanal Bolkiah, Omar Ali Saifuddien, Nirmala Sitharaman, Jaishankar, Wong, Vivian Balakrishnan, Balakrishnan Organizations: Indian, Hindustan Times, Getty, Singapore, Senior, King's College London, CNBC, Imports, Brunei International, Afp, High Commission of, Institute of South Asian Studies, Finance, Foreign Locations: New Delhi, India, Singapore, Asia, Bandar Seri Begawan, Brunei, High Commission of India, Italy, Russia, Ukraine, Poland, Lion City

☆ Ukraine's surprise invasion of Russia hasn't taken the pressure off the most dire front-line battles
▼ + stars: | 2024-09-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Ukraine's Commander-in-Chief Oleksandr Syrskyi stated last week that an objective of the Kursk invasion was to redirect Russian forces away from the Pokrovsk direction. But the Kursk invasion has limited the number of troops available for reinforcement. KIRILL CHUBOTIN/Ukrinform/Future Publishing via Getty ImagesGeorge Barros, the geospatial-intelligence team lead and a Russia analyst at ISW, said that the Kursk invasion underscores how Moscow left a major portion of its international border undefended. Even though the Kursk invasion may not be forcing Russia to redirect front-line forces from Pokrovsk, that campaign will eventually culminate. These efforts have intensified since the start of the Kursk invasion.

Persons: —, Ukraine's, Oleksandr Syrskyi, Tatarigami, Diego Herrera Carcedo, Putin, Volodymyr Zelenskyy, KIRILL CHUBOTIN, George Barros, Vladimir Putin, Barros, REUTERS Barros Organizations: Service, Kyiv, Business, AP, Institute for, Getty, Ukraine, Publishing, REUTERS Locations: Russia, Moscow, Kursk, Ukraine, Kyiv, Russia's, Ukrainian, Sudzha, Russia's Kursk, Pokrovsk, Anadolu, Russian, Korenevo

☆ China's property woes and U.S. sanctions have hit some cities hard
▼ + stars: | 2024-09-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — China's property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing's tech push, Milken Institute's best performing cities China index showed Tuesday. Since 2015, the index has studied China's large- and mid-sized cities for their economic vibrancy and growth prospects. The index looked at a group of 33 large cities and a group of 217 small cities, then ranked them separately. Historically, Wong pointed out, having control of Zhengzhou, Hefei, and Wuhan have been critical to ensuring control of the country. Correction: This story has been updated to reflect that there are 33 large cities and 217 smaller cities in the index.

Persons: Milken Institute's, Perry Wong, Wong Organizations: CNBC ., U.S, CNBC, Wuhan Locations: HANGZHOU, CHINA, China Vanke, Hangzhou, Zhejiang province, China, BEIJING, Zhejiang, Zhuhai, Guangdong, Hong Kong, Dongguan, The, Shenzhen, Beijing, Zhengzhou, Henan province, Hefei, Wuhan, Anhui, Central China's Hubei

☆ Glory days for automakers like Ford, General Motors in China are over
▼ + stars: | 2024-09-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

London CNN —Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. Ford (F) and General Motors (GM) are also among firms seeing sales and market share vanish in China as local consumers spurn overseas brands to buy Chinese instead. The American automaker’s sales in China have halved from a peak of above 4 million in 2017 to 2.1 million last year. Last year, BYD sold a record 3.02 million vehicles globally, including plug-in hybrids, up 62% from 2022. Months later, Stellantis (STLA), which makes Citroen, Fiat, and Peugeot cars, bought a 20% stake in Chinese EV maker Leapmotor for about €1.5 billion ($1.7 billion).

Persons: Arno Antlitz, GM’s, Mary Barra, ”, Michael Dunne, Dunne, Xi Jinping’s, Tesla, Yilei Sun, Reuters Tesla, Li, Tu Le, Le, BYD, ” Dunne, Raul Bravo, Stellantis, “ Organizations: London CNN — Foreign, Volkswagen, Wolfsburg, Toyota, General Motors, China Passenger Car Association, Foreign, Japan’s Mitsubishi Motors, Honda, Hyundai, Ford, GM, EV, Tesla, Yilei, Reuters, International Energy Agency, “, CNN, Visitors, Automotive, Xinhua, Shutterstock, Auto, “ Global, UBS, Port, Citroen, Fiat, Peugeot, Leapmotor, Hedin Locations: China, London, Germany, Europe, American, Shanghai, Tesla's Shanghai, Beijing, EVs, Japan, North America, San Antonio, Chile, Chilean, AFP, Xpeng, Thailand, Hungary

☆ Macao did it. Singapore too. Now Thailand looks to build casinos to attract tourist dollars
▼ + stars: | 2024-09-02 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

Thailand is working on a new game plan to boost foreigner arrivals and increase tourism spending: casinos. The strategy has worked for Macao — which has overtaken Las Vegas as the world's largest gambling hub — and Singapore, with two successful 14-year-old casinos. If Thailand's draft bill gets passed into law, the country could be Macao and Singapore's largest competitor by the end of the decade, industry watchers told CNBC. If the law gets passed, Thailand's casinos could generate 187 billion Thai baht ($5.5 billion) in revenues, or 1% of the country's GDP, according to Maybank research. The Thai economy grew 1.9% in 2023, and is expected to grow 2.7% this year, the finance ministry said.

Persons: Ben Lee, —, Lee, Srettha Thavisin, Paetongtarn Shinawatra, Yin Shao Yang Organizations: Macao, Las Vegas, CNBC, IGamiX Management, Consulting, Tourism, Thai, Investment Bank Locations: Pattaya, Thailand, Singapore, Macao, Macau

☆ Free TV Streaming Is Surging, and It's a Problem for Hollywood
▼ + stars: | 2024-08-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +12 min

The basic problem: It's unclear how these free services could support new, Hollywood-style programming even if they wanted to. Now, with YouTube making the jump to TV screens and "free, ad-supported TV" (FAST) services having a moment, where does that leave Hollywood? Tech and legacy media will battle over free TV in the coming monthsLooking ahead, the major players already ahead in free TV will likely continue to gain share. Free streaming may seem like a way for Hollywood to claw back viewers. If not, it's hard to say what winning in the battle for free TV will actually get them.

Persons: Prognosticators, YouTuber Jamie Clement, Tubi's, Sarah Lee, Evan Shapiro, There's, Jenn Vaux, it's, Max, Peacock, Roku, It's, Tubi, Adam Lewinson, WBD, Laura Florence, Horowitz Organizations: Netflix, Business, YouTube, Hollywood, Disney, Hulu, Warner, Comcast, FX Networks, Parks Associates, Nielsen, Media, Fox, ABC News, NFL, FAST, Horowitz Research, Hub Entertainment Research, Tech, Fire TV, Paramount, Pluto, SVP, Global, Fremantle, JPMorgan, CNBC Locations: Hollywood, Fremantle

☆ Travel news: World’s best city for nightlife, according to Time Out
▼ + stars: | 2024-08-24 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —In travel news this week: the world’s best party spots, the city taking a stand against electric scooters, plus the story of how the world’s tallest bridge transformed a continent. Best nightlife citiesSun, sea and samba: Rio de Janeiro in Brazil has been declared the best place in the world to party right now, according to Time Out’s new survey of thousands of people worldwide. The best place to party in Europe, unsurprisingly, is Germany’s legendary clubbing capital Berlin.

Persons: Dolly Parton —, we’ve, Dolly Parton, you’ve, James Beard, Harry Styles, they’ve Organizations: CNN, Rio, •, CNN CNN Travel, Wall Street Locations: Rio de Janeiro, Brazil, Manila, Philippines, Europe, Berlin, Melbourne, New Jersey, Monterey , California, California, Knoxville , Tennessee, Tennessee

☆ Elon Musk’s X Is Leaving San Francisco. City Officials Say ‘Good Riddance.’
▼ + stars: | 2024-08-24 | by ( Heather Knight | Kate Conger | ) www.nytimes.com time to read: +1 min

San Francisco’s long relationship with X is nearly over — and city officials are far from heartbroken. But city officials are not lamenting the exit. X bears little resemblance to the company that San Francisco wooed with a tax break more than a decade ago, when it was Twitter, to help anchor a budding tech hub in a downtrodden neighborhood near City Hall known as Mid-Market. The pandemic, and Mr. Musk’s 2022 acquisition of the company and subsequent gutting of its work force, reduced the headquarters to a ghost town. “I share the perspective that most San Franciscans have, which is good riddance,” said City Attorney David Chiu, who as a member of the city’s Board of Supervisors backed the tax break that lured Twitter to Mid-Market in 2012.

Persons: Elon Musk, San Francisco, ”, David Chiu Organizations: city’s, Supervisors, Twitter Locations: —, Palo Alto, San Jose ., Texas, City, “, Franciscans

☆ I took my 4-year-old to Champagne houses in France. She had more fun than I did.
▼ + stars: | 2024-08-24 | by ( Stephanie Cain | ) www.businessinsider.com time to read: +5 min

I very much wanted to visit Champagne. We even took our drinks to the playroom where my daughter crafted an elaborate imaginary adventure with a stuffed giraffe. The Champagne houses were also kid-friendlyI was equally delighted when booking our visits to the Champagne houses. At Champagne Ayala, a winery in village Aÿ, my daughter played tour guide with our actual tour guide. We visited a small grower Champagne house, a word for wineries run by those who own the vineyards.

Persons: —, Dame de Reims, Champagne Ayala, Dom Perignon, Lady Gaga, Lenny Kravitz, Champagne Michel Gonet's Villa Signolle, Pamela Druckerman, United States — Organizations: Service, Business, Champagne, Notre, Dame, Dom Locations: Napa Valley , California, France, Paris, Champagne, Reims, Paris's, Aÿ, Hautvillers, American, United States

☆ Tesla's AI supercomputer has a Silicon Valley town rushing to meet surging electricity demand
▼ + stars: | 2024-08-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.

Persons: —, Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover

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