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☆ Gen X is fed up, so they're taking more vacations alone
▼ + stars: | 2024-06-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Gen X is shifting from family trips to solo and friend-based vacations. More than 60% of Gen Xers book vacations to escape daily stress, the highest of any generation. However, neither of those studies differentiated between Gen Xers and baby boomers or how those numbers have changed over time. Morning ConsultThe next most common reason for Gen X to take a vacation was to visit family or friends, at slightly more than 40%. AdvertisementDriven by a need to escape and influenced by financial considerations, Gen Xers are carving out new travel experiences, prioritizing their well-being.

Persons: Gen Xers, —, Xers —, Xers, Lindsey Roeschke, I'm, Roeschke, X Organizations: Service, US Census Bureau, US, Bureau, Bowling Green State University, Business

☆ Fundstrat: Apple, Nvidia, and Tesla should be core portfolio holdings
▼ + stars: | 2024-06-11 | 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 EmailFundstrat: Apple, Nvidia, and Tesla should be core portfolio holdingsTom Lee, Managing Partner and Head of Research at Fundstrat, discusses tech stocks, small-caps, and the Fed.

Persons: Tesla, Tom Lee Organizations: Apple, Nvidia, Research, Fundstrat

☆ The cast of 'Perfect Match' season 2: Where are they now?
▼ + stars: | 2024-06-11 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Harry Jowsey and Jessica VestalJessica Vestal and Harry Jowsey in a "Perfect Match" couples' challenge. Courtesy of NetflixIn episode three, Harry Jowsey goes on a date with "Love is Blind" season 6 star Jessica Vestal and immediately falls for her. In the fall of 2023, "Dancing With The Stars" fans began speculating that Jowsey was dating Rylee Arnold, his dancing partner for season 32. In April, Jowsey said on his podcast, "Boyfriend Material with Harry Jowsey," that the rumors harmed an undisclosed relationship he had at the time. As for Vestal, she said she wasn't in a relationship in a TikTok post shared in March.

Persons: Harry Jowsey, Jessica Vestal Jessica Vestal, Jessica Vestal, Jowsey, Rylee Arnold, Arnold, Vestal Organizations: Netflix

☆ Move over diamonds, these little-known gemstones are heating up
▼ + stars: | 2024-06-11 | by ( Sarah Royce-Greensill | ) edition.cnn.com time to read: +6 min

Experts say that this previously overlooked gemstone is rocketing in desirability and value, as collectors look beyond the so-called “Big Four’” (diamonds, emeralds, rubies and sapphires) for more affordable, niche gemstones that may just be a shrewd investment. “Spinels and Paraiba tourmalines have seen a steady increase in demand over the last decade.”Boghossian's paraiba and diamond set features paraibas and fancy yellow diamonds. Experts posit that only one Paraiba tourmaline is mined for every 10,000 diamonds — and while similar hues are found in Madagascar, the scarcity of Brazilian stones has seen prices soar. At Bonhams, Tonkin said prices for top-quality Paraiba tourmalines reached $75,000 per carat in 2022, compared with $4,800 per carat in 2009. “These incredibly vibrant, clean gemstones really stirred something in me,” she explained in an email.

Persons: Olivia Young, Ouroboros, Ruby, Bonhams, ”, Jennifer Tonkin, Rahul Kadakia, Lily Gabriella, ” Charles Abouchar, “, Tonkin, Roberto Boghossian, Moti Ferder, Ferder foresees, Lily Gabriella's, Lily Gabriella Likewise, Minka, Lucy Crowther, ” Crowther, Young Organizations: CNN, Imperial State Crown, Abouchar SA, Lugano Diamonds, Paraiba tourmalines, Big Locations: Sri Lanka, Myanmar, Vietnam, Afghanistan, Tajikistan, British, Burma, London, Geneva, Paraiba, ” Boghossian's paraiba, paraiba, Brazilian, Madagascar, Bonhams, Paraiba tourmalines, Memphis, India

☆ Apple's iPad calculator looks freaking awesome
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

The new OS18 also brings a calculator app to the iPad — a feature the device never had. The app looks a lot like the iconic orange and white calculator users have long seen on the iPhone. Math Notes will automatically be accessible in the preexisting Notes app. New calculator feature revealed at Apple WWDC 2024. Apple's calculator seems less impressive than OpenAI's GPT-4o, which can look at a math problem and verbally talk the user through the solution step-by-step.

Persons: —, iPads, Apple, Gene Munster Organizations: Service, Conference, Apple Intelligence, Business, Apple, Big Tech, Deepwater Asset Management

☆ Elon Musk hints that his next move could be making an X phone
▼ + stars: | 2024-06-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Elon Musk is eyeing a possible X phone. Musk, who owns X, formerly Twitter, said Tuesday such a device is "not out of the question." AdvertisementElon Musk is weighing the idea of building an X phone amid his threats to ban iPhones and other Apple devices from his companies. On Monday, an X user tweeted his prediction that Musk would create an X phone, which Musk replied was a possibility. "X will partner with Samsung to manufacture an X phone."

Persons: Elon Musk, Musk, —, Elon Organizations: Apple, Service, Samsung, Business

☆ Elizabeth Holmes, Silicon Valley’s most famous convict, makes her long-shot appeal
▼ + stars: | 2024-06-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Holmes was sentenced to 11 years in prison for defrauding investors in her failed blood-testing company, Theranos. She is seeking a new trial, arguing that the judge in her case erred in several decisions during the 2022 proceedings. Since her conviction, her projected release date from prison has been moved up, shaving about two years off her sentence. Theranos’ unraveling, and Holmes herself, became the subject of a bestselling book, a Hulu scripted series and an award-winning documentary. Holmes knowingly concealed the technology’s problems, and still pushed to get the company’s Edison devices into pharmacies, prosecutors argued.

Persons: Elizabeth Holmes, Holmes, Stanford, Steve Jobs, Larry Ellison, Rupert Murdoch, Ramesh “ Sunny ”, “ Holmes, Balwani, Holmes ’, Theranos, “, Edward Davila, Balwani “, laywers, ”, Agustin Orozco, Crowell, Orozco Organizations: New, New York CNN, California’s, Circuit, Wall Street, Prosecutors, Moring Locations: New York, California, Texas

☆ Competing bids for Paramount: What's next for the company?
▼ + stars: | 2024-06-11 | 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 EmailCompeting bids for Paramount: What's next for the company? Matt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the competing bids for Paramount after news of former head of Warner Music Edgar Bronfman Jr. expressing interest in a bid for Paramount Global, what's next for Paramount, and more.

Persons: Matt Belloni, Puck, Warner Music Edgar Bronfman Jr, what's Organizations: Paramount, Warner Music, Paramount Global

☆ Fact check: Trump falsely claims Iran didn’t fund terror groups when he was president
▼ + stars: | 2024-06-11 | by ( Daniel Dale | ) edition.cnn.com time to read: +7 min

They weren’t funding Hamas, and they weren’t funding anything. They weren’t funding Hezbollah,” Trump, now the presumptive Republican presidential nominee, said in a May interview with right-wing host Dan Bongino. Trump’s own administration said in 2020 that Iran was continuing to fund terror groups including Hezbollah. Trump could have fairly said that his sanctions on Iran had made life more difficult for terror groups (though it’s unclear how much their operations were affected). “Iran has never ceased funding many of its core proxy groups” such as Hezbollah, said Phillip Smyth, who studies Iran’s proxies.

Persons: Donald Trump, ” Trump, Dan Bongino, Phil McGraw, Phil, Trump, Pompeo, Trump’s, Mike Pompeo, ” Pompeo, “ We’re, “, ”, Ali Vaez, Hanin Ghaddar, Colin Clarke, Phillip Smyth, Brian Hook, ” Hook Organizations: Washington CNN, Hamas, CNN, Hezbollah, State, Trump, Crisis, The Washington Institute for Near, Washington Post, ” Reuters, The, The Stockholm International Peace Research Institute, Islamic Revolutionary Guard Corps, Qods Force Locations: Iran, Lebanon, Hamas, Palestinian, Israel, “, Tehran, Syria, Iraq, The Stockholm, Bahrain, Yemen, Qaeda, Europe, Africa, Asia

☆ OpenAI's Apple deal might actually be good for Microsoft too
▼ + stars: | 2024-06-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

OpenAI's partnership with Apple is now official after Monday's WWDC keynote. The lucrative deal cements OpenAI's place at the center of the AI revolution. The deal could also be good news for Microsoft, OpenAI's biggest backer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen reports first emerged that OpenAI had secured a partnership with Apple, it was rumored to have raised the eyebrows of Microsoft CEO Satya Nadella.

Persons: Monday's, —, OpenAI, Satya Nadella, Sam Altman Organizations: Apple, Microsoft, OpenAI's, Service, Business

☆ AI is getting very popular among students and teachers, very quickly
▼ + stars: | 2024-06-11 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +7 min

Khan recently told CNBC that its AI tool will expand from 65,000 students to one million students next year. It also recently announced that Microsoft is paying so that AI can be offered to teachers across the U.S. free of charge. In fact, teachers were the only demographic polled where year-over-year favorability declined, though a majority (59%) still have a positive view of AI chatbots. Minority groups are adopting AI for education at higher rates, including the teachers and parents who are using AI to help children. Black and Hispanic K-12 students and undergraduates were more likely to use AI for school.

Persons: Hyoung Chang, ChatGPT, Ethan Mollick, Sal Khan, Khan, CNBC's, Sam Altman, Greg Brockman, zeroed, Mollick, It's, Nadia, Alan Turing's Organizations: Getty, Microsoft, Apple, Impact Research, Walton Family Foundation, Learning, University of Pennsylvania's Wharton School, Khan Academy, CNBC, Teachers Locations: Denver, Newark , New, U.S

☆ Hunter Biden guilty in criminal gun trial
▼ + stars: | 2024-06-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

watch nowA jury convicted Hunter Biden, son of President Joe Biden, of all three counts at his criminal gun trial in Delaware federal court on Tuesday morning. Hunter Biden looked straight ahead at the jury and nodded slightly as three guilty verdicts were read, eight days after the trial began and after only about three hours of jurors deliberating. Hunter Biden, son of U.S. President Joe Biden, departs from the J. Caleb Boggs Federal Building on June 3 2024, in Wilmington, Delaware. President Biden is due to speak about gun control at an event on Tuesday afternoon. Hunter Biden, son of U.S. President Joe Biden, and his wife Melissa Cohen Biden and U.S. first lady Jill Biden leave the federal court after the jury finds him guilty on all three counts in his trial on criminal gun charges, in Wilmington, Delaware, U.S., June 11, 2024.

Persons: Hunter Biden, Joe Biden, Biden, Donald Trump —, —, Stormy Daniels, Jill Biden, Valerie Biden Owens, Biden's, Melissa Cohen Biden, Caleb Boggs, Anna Moneymaker, Kathleen Buhle, Hallie Biden, Beau Biden, Hunter's, Hunter, Melissa, God, Abbe Lowell, Maryellen Noreika, Noreika, Lowell, today's, Hannah Beier, Jill, Trump Organizations: ABC, U.S, Reuters, Republican Trump Locations: Delaware, November's, New York, Wilmington , Delaware, U.S, Los Angeles, Manhattan

☆ Arete: Apple's AI push will help drive iPhone replacement cycles
▼ + stars: | 2024-06-11 | 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 EmailArete: Apple's AI push will help drive iPhone replacement cyclesRichard Kramer, Managing Partner and Senior Analyst at Arete Research, discusses Apple following WWDC.

Persons: Richard Kramer Organizations: Arete Research, Apple

☆ Elon Musk drops suit against OpenAI and Sam Altman
▼ + stars: | 2024-06-11 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024. Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the company's co-founders, Sam Altman and Greg Brockman, in California state court. Musk's decision to file to dismiss the suit came just one day after he publicly criticized OpenAI and its new partnership with Apple. In February, Musk had filed a lawsuit against OpenAI, Altman and Brockman — the current CEO and president of OpenAI, respectively — for breach of contract and fiduciary duty. Last year, Musk debuted his own AI startup and OpenAI competitor, xAI, which last month announced a $6 billion Series B funding round.

Persons: Elon Musk, Sam Altman, OpenAI, Greg Brockman, Musk, Altman, Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, Andreessen Horowitz, X.AI, — CNBC's Lora Kolodny Organizations: Tuesday, Apple, CNBC, OpenAI, Microsoft, Elon, Sequoia Capital, Fidelity Management & Research Company, Musk Locations: Ankara, Turkiye, California, San Francisco

☆ FDA advisors recommend Eli Lilly's Alzheimer's drug donanemab, paving way for approval
▼ + stars: | 2024-06-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. A panel of independent advisors to the Food and Drug Administration on Monday recommended Eli Lilly 's Alzheimer's drug donanemab, paving the way for the treatment to receive full approval in the U.S. later this year. If cleared for use, Eli Lilly's donanemab would become the second Alzheimer's drug of its kind to enter the U.S. market after another treatment called Leqembi from Biogen and its Japanese partner Eisai. In a second vote, advisors unanimously said the benefits of Eli Lilly's donanemab outweigh its risks. It was another blow to Eli Lilly, which initially expected donanameb to win approval at the end of last year.

Persons: Eli Lilly, Eli Lilly's donanemab, Eisai, Eli Lilly's, Sarah Dolan, Dolan, Mark Mintun, donanameb, Leerink, David Risinger, Risinger Organizations: Food and Drug Administration, FDA Locations: Indianapolis , Indiana, U.S, Biogen, Black

☆ Chinese military harassed Dutch warship enforcing UN sanctions on North Korea, Netherlands says
▼ + stars: | 2024-06-10 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Seoul, South Korea CNN —A Dutch warship was harassed by Chinese military aircraft in the East China Sea on Friday, the Netherlands said, becoming the latest country to accuse Beijing’s forces of initiating potentially unsafe encounters in international waters. PSMX partner nations include Australia, Canada, France, Germany, Japan, New Zealand, South Korea, the United Kingdom and the United States, according to the US State Department. This handout picture shows the Dutch frigate Tromp approached in the East China Sea by a Chinese fighter jet. “As a warning, the Chinese military took necessary measures at the scene. Hours later, a Chinese military spokesman accused the United States of “creating division and provoking confrontation” in the region.

Persons: South Korea CNN —, Beijing’s, HNLMS Tromp, “, ”, Tromp, China’s People’s, Richard Marles, Lin Jian, Maj, Rob Millen, Lloyd Austin, Washington, Austin, Jing Jianfeng Organizations: South Korea CNN, Dutch Defense Ministry, CNN, United Nations, Pacific Security Maritime Exchange, European Union, UN Security Council, US State Department, Netherlands Ministry of Defence, South Korean Navy, China’s People’s Liberation Army, South China, Australian Defense, Foreign, Canadian, Royal Canadian Navy, Royal Canadian Air Force, US, NATO, Joint Staff Department, Military Commission Locations: Seoul, South Korea, East, Netherlands, North Korea, Australia, Canada, France, Germany, Japan, New Zealand, United Kingdom, United States, Chinese, East China, Busan, South, Hobart, China, South China, Ottawa, Pacific, Singapore, Asia, Ukraine

☆ Photographer Juergen Teller’s playful take on an age-old fertility myth
▼ + stars: | 2024-06-10 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

So when photographer Juergen Teller and his wife and creative partner Dovile Drizyte were trying for a baby while on vacation in Sicily two years ago, Teller recommended the practise. Juergen TellerTeller and Drizyte have become creative collaborators as well as romantic partners. Juergen TellerTeller is known for his matter-of-fact, improvisational aesthetic in commercial fashion campaigns, and had previously photographed at the hotel. Juergen TellerDrizyte “had to be very serene,” Teller said of the shoot, which he called both physically and mentally exhausting. “The maids were coming and cleaning these rooms and taking beds out.”“Guests disappeared and it became more ghostlike,” Teller added.

Persons: Juergen Teller, Dovile Drizyte, Teller, “, Dovile, ‘, ’ ”, Drizyte, Iggy, —, Juergen Teller Teller, ” Drizyte, ”, “ Dovile, ” Teller, Juergen Teller Drizyte “, ” “ Organizations: CNN, Villa Locations: Sicily, Lake Como, Italy

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's Worldwide Developer Conference keynote on Monday is expected to herald some major announcements from the tech titan. This year's WWDC has been highly anticipated by analysts, investors, and beyond, who all want to know what CEO Tim Cook will reveal about Apple's generative artificial intelligence efforts. Other changes Apple is expected to unveil include updated Mac, iPad, and Vision Pro operating systems, AI-generated emojis, and a complete overhaul of Siri.

Persons: —, Tim Cook, Dan Ives, OpenAI, Siri Organizations: Service, Business, Apple, Wedbush Securities, Bloomberg, Vision Pro

☆ Billie Eilish opens up about the shock of being ghosted, and losing and making friends
▼ + stars: | 2024-06-10 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Pop megastar Billie Eilish has revealed how she was ghosted by an old friend, and opened up about the loneliness of fame. Speaking on the BBC podcast “Miss Me?” with hosts Lily Allen and Miquita Oliver, Eilish said she experienced a “crazy ghosting” last year. While best friend Zoe was still around, Eilish said her only other friends were people who were part of her team. “And all 15 years or more older than me.”When one of those employees suddenly quit, Eilish said it drove home that they were not really friends. “Exactly a year ago, I reconnected with a bunch of old friends and now, I have so many friends,” she said.

Persons: Billie Eilish, Lily Allen, Miquita Oliver, Eilish, Mark Horton, I’d, ”, “, Zoe, ’ ”, It’s, ” Eilish, it’s, I’ve, ’ Organizations: CNN, BBC, Getty Locations: Montreal, Canada, Coachella, “

☆ Exclusive: Health AI startup Anterior raised $20 million from NEA and Sequoia. Here's the pitch deck it used.
▼ + stars: | 2024-06-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Many healthcare startups have targeted administrative tasks on the provider side, like SmarterDx, which just raised a $50 million Series B in June. Wu said NEA chose to invest in Anterior in part because of its focus on health plans. Anterior's $20 million Series A will help the startup accelerate hiring to take on more health plan customers, Mahmoud said. Wu said the firm sees a big opportunity for Anterior to package a range of tools for health plans as AI technologies become more widespread. See the 18-slide pitch deck Anterior used to grab a $20 million Series A.

Persons: —, It's, Mustafa Suleyman, Adrian Aoun, Blake Wu, Abdel Mahmoud, we'd, we've, Mahmoud, Wu, Anterior's Organizations: Service, NEA, Business, Sequoia, Lion, Microsoft, Cohere, Meta, Google, McKinsey & Company, Amazon Locations: Sequoia Arc

In late 2022, Valcourt left the U.S. to move to France and go to pastry school. Valerie Valcourt moved to France in late 2022 to go to pastry school, which was a childhood dream. After some online research, she applied to a pastry school in Paris, got accepted and quit her job. Valerie Valcourt's pastry school program included three months of intensive culinary and language classes, followed by a four-month internship at a Michelin-level restaurant. Most of Valerie Valcourt's meals come from her restaurant job, but she spends roughly 20 euros ($21.43) per week.

Persons: Valerie Valcourt, Valcourt, She's, Chabran, Luis Carballo, Valerie Valcourt's, she's, It's Organizations: CNBC, Google, Michelin, France, Transportation, Apple, Spotify, Spotify Insurance, Peugeot Locations: U.S, France, Tournon, Seattle, Paris, Connecticut, Europe

☆ Biden family’s most intimate personal struggles put on display in court
▼ + stars: | 2024-06-10 | by ( Arit John | ) edition.cnn.com time to read: +8 min

Buhle, who was ordered to testify under a subpoena, told the court that she learned of Hunter Biden’s drug use in 2015. Hallie Biden, who was dating Hunter Biden at the time he bought the gun, was another key witness for the prosecution. Hallie Biden took the gun Hunter Biden is accused of illegally possessing out of his car and tossed it in a dumpster near a Wilmington, Delaware, grocery store. If Hallie Biden was the prosecution’s star witness, the defense hoped that Naomi Biden, Hunter Biden’s daughter, would help blunt the impact of her testimony. President Biden wasn’t in the courtroom, but made clear where he stood as the trial began.

Persons: Joe Biden, Hunter Biden’s, Beau Biden, Hunter Biden, Beau, Hunter, Beau Biden’s, Derek Hines, “, Biden, Trump’s, –, Naomi, Hallie Biden, Kathleen Buhle, Hallie, ”, “ I’m, Abbe Lowell, Lowell, Naomi Biden, ” Naomi Biden, Hunter’s, Jill Biden, Ashley Biden, Melissa Cohen Biden, Valerie Biden, Biden wasn’t, ” Biden, Jill, CNN’s Marshall Cohen, Holmes Lybrand, Paula Reid, MJ Lee Organizations: CNN, Biden, Prosecutors, GOP, Republicans Locations: Delaware, Los Angeles, Wilmington , Delaware

☆ UBS says this high-risk space stock could rally 50%
▼ + stars: | 2024-06-10 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Texas-based satellite manufacturer AST SpaceMobile is a risky — but worthwhile — investment, according to UBS. Analyst Christopher Schoell increased his price target for the stock by $6 to $13, implying a whopping 50.8% potential upside as of Friday's close. The shares have climbed nearly 44% so far this year, and skyrocketed about 284% over the past month. "We still see ASTS as a high-risk, high-reward investment that is subject to various risks," Schoell said in a Monday note. Still, the stock has several risks that could create uncertainties for the company's path ahead, such as launch timing and the possibility of failures, regulatory issues, funding and competition.

Persons: Christopher Schoell, Schoell Organizations: UBS, AST, Verizon, Federal Communications, Vodafone, Google Locations: Texas

☆ Tesla clears another hurdle to launching full self-driving in China
▼ + stars: | 2024-06-10 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Tesla is one step closer to launching full-self driving (FSD) technology in China after it clinched an agreement with Baidu to upgrade its mapping software. The Chinese tech giant said Saturday that it was providing lane-level navigation services for Tesla cars. China’s answer to Google has been been providing mapping services to Tesla since 2020. It could also accelerate Tesla’s global development of its self-driving technology, as data from China could be used to train Tesla’s algorithms needed for fully autonomous vehicles. “Tesla’s (own) navigation system can finally be used.”Introducing the FSD system could provide a revenue boost to Tesla, which is having a tough time in China.

Persons: Hong Kong CNN — Tesla, Elon Musk’s, ” Baidu, Tesla, ”, Elon Musk, ” Tesla, “ Organizations: Hong Kong CNN, Baidu, “, Google, ” CNN, CNN, Weibo, Tesla Locations: China, Hong Kong

☆ China's explosive export growth could make trade tensions with America even worse
▼ + stars: | 2024-06-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's exports in May blew past estimates, rising 7.6% year-over-year in dollar terms. But as cheap products flood the US and EU, Western leaders are responding with trade barriers. But as Beijing unloads its products on the world, it's turning up the heat on trade tensions. Friday's data suggests that technology products are boosting China's exports, resulting from the country's growing emphasis on advanced manufacturing. Last month, President Joe Biden announced fresh tariffs against Beijing's advanced products, including quadrupling the duties on Chinese electric vehicles.

Persons: that's, Joe Biden, Donald Trump, Leland Miller, Donald Trump's, Neil Shearing Organizations: Service, Reuters, European Union, Beijing's, Republican Locations: EU, Beijing, China, Southeast Asia

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