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Republican presidential candidate and former U.S. President Donald Trump holds a campaign rally at Ted Hendricks Stadium in Hialeah, Florida, U.S. November 8, 2023. The report was based on interviews with several advisers, including Stephen Miller, who oversaw Trump's first-term immigration policies, the Times said. To aid U.S. Immigration and Customs Enforcement (ICE) in sweeping roundups of undocumented people, Trump would reassign federal agents and deputize local police and National Guard troops volunteered by Republican-run states, the report said. To underwrite the massive operation if Congress refused, Trump would redirect Pentagon funds as he did with his border wall in his first term, the Times said. That was a 1954 campaign named after an ethnic slur - Operation Wetback - to detain and expel Mexican immigrants.
Persons: Donald Trump, Ted Hendricks, Octavio Jones, Stephen Miller, Trump's, Trump, Eisenhower, Jonathan Landay, Daniel Wallis Organizations: REUTERS, Rights, Former U.S, New York Times, Times, Immigration, Customs Enforcement, National Guard, Republican, Thomson Locations: Hialeah , Florida, U.S, Former, United States, Iowa
A factory in western Ukraine was caught making uniforms for Russia's national ski team. Ukraine's security service said it found a production line for the ski team in Zakarpattia Oblast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA factory in Ukraine was caught making uniforms for Russia's national ski team, Ukraine's Security Service (SBU) said, per The Kyiv Post. The SBU said it had found evidence of a production line for the ski team operating within a factory located in the Zakarpattia Oblast in western Ukraine, per the report.
Persons: , Viktor Mykyta Organizations: national, Service, Ukraine's Security, Zakarpattia Regional, Kyiv Post, Russian Federation, United Nations Locations: Ukraine, Zakarpattia Oblast, Kyiv, Russia, Poland, Hungary, Romania, Slovakia, Mukachevo
The wildest moments of WeWork’s rise
  + stars: | 2023-11-11 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +8 min
And many early WeWork employees, who worked at lower salaries because they were given stock options, ended up with nothing. WeWork’s wild rise and fall is the latest high-profile incident to shatter that myth. Here is a look at four of the wildest moments from WeWork’s rise, according to the company’s statements and a best-seller about the company. (Part of WeWork’s push to appeal to millennials included free-flowing beer and open bars set up within its coworking outposts.) That pre-IPO paperworkThe beginning of the end can perhaps be traced back to WeWork’s first attempt to go public back in 2019.
Persons: New York CNN — WeWork, Adam Neumann’s, Neumann, Son, Adam Neumann, Kelly Sullivan, Eliot Brown, Maureen Farrell, millennials, Darryl McDaniels, Mike Segar, , Rebekah, WeWork, Caitlin Ochs, WeWork’s, Neuman, Mark Lennihan, , Tolga Akmen Organizations: New, New York CNN, WeWork, San Francisco, of Fine Arts, Gulfstream G650, Wall Street Journal, Bloomberg, Getty, Nasdaq, City of Locations: New York, San, San Francisco , California, Israel, Manhattan , New York, WeGrow, WeLive, New York City, U.S, City, City of London, AFP
Ukraine sinks two Russian landing boats in Crimea -military
  + stars: | 2023-11-10 | by ( ) www.reuters.com   time to read: +4 min
KYIV, Nov 10 (Reuters) - Ukrainian naval drones sank two small Russian landing boats in Crimea, Ukraine's military intelligence agency said on Friday, while troops braced for further Russian assaults in the east, particularly the shattered town of Avdiivka. An initial report from Ukraine's military intelligence said the two small, amphibious Russian ships had been hit overnight. A Friday evening update said the attack had been carried out by naval drones. The Ukrainian military said the vessels were crewed, and loaded with armoured vehicles. Russia's Defence Minister said early on Saturday its anti-aircraft units had downed Ukrainian drones over Moscow Region and near Smolensk, near the border with Belarus.
Persons: Serna, Andriy Ryzhenko, Volodymyr Zelenskiy, Barabash, Serhiy Zgurets, Bakhmut, Baza, Pavel Polityuk, Ron Popeski, Grant McCool Organizations: Reuters, Russia, Radio NV, Suspilne, Espreso, Russia's, Ministry of Defence, Thomson Locations: Crimea, Avdiivka, Russia, Ukraine, Crimean, Sevastopol, Vuzka, AVDIIVKA, Bakhmut, Russian, Ukrainian, Moscow Region, Smolensk, Belarus, Kolomna, Moscow, Kotovsk
Meta is making a comeback to China 14 years after Facebook was blocked from being accessed there. The firm has struck a deal with Tencent to sell VR gear in 2024, The Wall Street Journal reported. Deals with Chinese firms are among the few ways big US tech companies can get a foothold there. China has largely banned US tech firms , bar Apple, from doing business there for several years. Meta still extracts cash out of China through Facebook and Instagram ads it sells to Chinese companies.
Persons: Tencent, , Susan Li, Meta didn't Organizations: Facebook, Street Journal, Service, titans, Apple, Baidu, Meta, ABC News Locations: China, Xinjiang, Urumqi, Meta's
A police officer walks near a damaged residential building, amid Russia's attack on Ukraine, in the town of Avdiivka, Donetsk region, Ukraine, October 17, 2023. Russian forces have focused on the eastern regions of Donetsk and Luhansk since their drive on Kyiv stalled in the first days of the invasion in February 2022. Oleksandr Borodin, press officer for Ukraine's third separate assault brigade, said Russian forces were launching major infantry attacks, while trying to keep equipment intact. Russian forces, he told Espreso, were unable to replenish supplies quickly and Ukrainian defensive positions were solid. Russia's Defence Ministry reported strikes on Ukrainian troops and equipment near Bakhmut.
Persons: Yevhen, Volodymyr Zelenskiy, Oleksandr Borodin, Borodin, Espreso, Ron Popeski, Oleksandr Kozhukhar, Diane Craft Organizations: REUTERS, Ukraine's, Staff, Russian, Russia's, Russia's Defence Ministry, Reuters, Thomson Locations: Ukraine, Avdiivka, Donetsk region, Donetsk, Luhansk, Ukrainian, Israel, Bakhmut, Kupiansk, Skadovsk, Russian, Kherson
Tyrone Siu | ReutersBEIJING — U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. rules aimed at curbing China's access to the tech. Nvidia is set to deliver three new chips to domestic manufacturers in the coming days, Chinese financial media Cailian Press said Thursday, citing sources. The chips — called HGX H20, L20 PCle and L2 PCle — are based on Nvidia's H100 chip, the report said. Nvidia said in a September 2022 filing the U.S. government would still allow it to develop the H100 in China. In the near term, Chinese manufacturers have no better option and they will continue to buy Nvidia's chips, while searching for replacements.
Persons: Tyrone Siu, Bo Du, Du, SemiAnalysis, Nomura, Orin Organizations: Nvidia Corporation, Reuters, Reuters BEIJING —, Nvidia, Cailian Press, WestSummit Capital Management Companies, WestSummit Capital Management, CNBC, Times, U.S . Department of Commerce, Bureau of Industry, Security Locations: Taipei, Taiwan, Reuters BEIJING, China, U.S
When Russia pounded Ukraine’s power grid with widespread and repeated waves of airstrikes last year, causing massive rolling blackouts, his wife had just given birth to their second daughter. As families like Gindyuk’s gird themselves for the possibility of another dark winter, Ukraine has been rushing to rebuild and protect its fragile energy infrastructure. The summer provided a respite for Ukraine’s power grid. “Ukraine’s power system continues to operate in an emergency mode, which affects both power grids and generation,” a news release accompanying the report said. Physical barriers have been erected around Ukraine’s high-voltage electricity transmission network, which is operated by the national energy company Ukrenergo .
Persons: Ukraine CNN — Oleksandr Gindyuk, Gindyuk, ” Gindyuk, Gindyuk’s, Vadym, , ” DTEK, , Maxim Timchenko, ” Timchenko, Volodymyr Kudrytskyi, Ukrenergo, ” Kudrytskyi, Oleksandr Prokhorenko, Kateryna, Varvara, ” Prokhorenko, Serzhan Organizations: Ukraine CNN —, CNN, Ukraine’s Defense Intelligence, United Nations, Programme, European Union, Management Locations: Kyiv, Ukraine, Russia, Russian, Spanish, Valencia
Steve Wozniak, co-founder of Apple, talks to people during a launch event in Cupertino, California, U.S., September 12, 2017. REUTERS/Stephen Lam/File Photo Acquire Licensing RightsMEXICO CITY, Nov 8 (Reuters) - Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday due to a possible stroke, Mexican media outlets reported, but a TMZ report citing sources suggested the illness was potentially a less serious bout of vertigo. Event organizers did not immediately respond to a request for comment. U.S. media outlet TMZ, citing sources with direct knowledge, reported that Wozniak finished his speech but then told his wife he was "feeling strange". Individuals affiliated with Wozniak's website woz.org did not immediately respond to a request for comment.
Persons: Steve Wozniak, Stephen Lam, Wozniak, Steve Jobs, woz.org, Anthony Esposito, Valentine Hilaire, Daniel Trotta, David Alire Garcia, Shri Navaratnam Organizations: Apple, REUTERS, MEXICO CITY, Reuters, TMZ, Apple Computer, Thomson Locations: Cupertino , California, U.S, MEXICO, Mexico City, Mexican, Santa Fe, California
By James PearsonLONDON (Reuters) - Russian cyber spies were behind a hack which disrupted part of Ukraine's power grid in late 2022, U.S. cybersecurity firm Mandiant, part of Google, said in a report on Thursday, in a rare and advanced form of cyberwarfare. Last October, a massive wave of Russian missile strikes on Ukraine's power network caused blackouts in many parts of the country, prompting Kyiv to halt electricity exports and leaving four regions temporarily without electricity. Sandworm hackers rose to prominence in 2015 after a separate cyberattack against Ukraine’s power grid which cut off power for around 255,000 people. The disruptive, digital, intrusion was widely considered to be one of the first, known, successful cyberattacks against a power network. “There have only been a handful of incidents similar to this, with the majority carried out by Sandworm,” Mandiant analyst Nathan Brubaker said.
Persons: James Pearson, , Sandworm, Nathan Brubaker, Christopher Bing, Sharon Singleton Organizations: James Pearson LONDON, Google Locations: Russian, Russia, Ukraine, Kyiv, London, Washington
REUTERS/Rick Wilking/File Photo Acquire Licensing RightsNov 9 (Reuters) - More U.S. high-yield bond issuers saw downgrades to their credit ratings than upgrades last month, JPMorgan (JPM.N) said in a research report. October saw downgrades to 18 junk bond issuers' ratings accounting for $22.2bn in debt, while just 16 issuers were given upgrades by ratings agencies, the JPMorgan report said. This is the first time downgrades have surpassed upgrades on U.S. junk-rated borrowers in four months, it added. Changes to credit ratings are significant for a company, since lower ratings most often result in higher borrowing costs. While high-grade companies' credit ratings have proven resilient during the Federal Reserve's interest-rate hikes, businesses with significant leverage and floating-rate debt have struggled to keep pace with rising debt-servicing costs.
Persons: Rick Wilking, downgrades, Matt Tracy, Alexander Smith Organizations: REUTERS, U.S, JPMorgan, Moody's, Service, Thomson Locations: Westminster , Colorado
The International Olympic Committee issued an unusual statement on Thursday saying it had been targeted by “fake news posts” that it said contained “defamatory content, a fake narrative and false information.” The elaborate campaign included manufactured quotations from I.O.C. The film remains visible on other platforms, however, including the encrypted messaging and content platform Telegram. It was a separate post on Telegram that appears to have prompted the Olympic committee to issue its statement on Thursday. Text accompanying the fake news report said the I.O.C. included links to its website and all of its official social media channels in its statement on Thursday, and requested that news media members contact it to confirm the authenticity of information circulating about the organization on social media.
Persons: Tom Cruise, Israel —, Mark Adams, Thomas Bach, ” Mr, Bach, Organizations: Olympic, YouTube, Telegram, Olympic Committee, State Department, Palestinian Locations: Israel, Palestine, Paris, Ukraine, Russia, Gaza, Iran, China, India, Munich
[1/2] A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. The U.S. banking sector was in turmoil in the spring as Silicon Valley Bank abruptly collapsed after grappling with large amounts of unrealized losses spurred by rapidly rising interest rates. She said reinflation was a risk, especially if banks do not correctly anticipate interest rate moves and adjust their portfolios appropriately. That led to unrealized losses across the sector coming under closer scrutiny. Global banking and securities regulators are also still grappling with the fallout from the collapse of Credit Suisse Group (CSGC.UL).
Persons: Sarah Silbiger, Ana Arsov, Arsov, reinflation, ” Arsov, Tim Wennes, Paul Servais, Paritosh Bansal Tatiana Bautzer, Megan Davies, Lisa Shumaker, David Gregorio Our Organizations: El Progreso Market, Washington , D.C, REUTERS, Reuters, Banco Santander, Global, Credit Suisse Group, UBS, Jean, International Organization of Securities Commissions, Financial, Swiss, Thomson Locations: Mount Pleasant, Washington ,, U.S, SVB
The U.N. has previously noted that 1.5 degrees Celsius is viewed as being "the upper limit" when it comes to avoiding the worst consequences of climate change. The COP28 climate change summit is fast approaching, with a host of world leaders and high-profile public figures — including Pope Francis and King Charles III — set to attend. The IEA's report also mentioned the importance of "ramping up electrification" before touching upon the need to find solutions that benefit all. But "this package of global measures provides crucial ingredients for any successful outcome from the COP28 climate change conference in Dubai in December." "I encourage decision makers around the world to take this report's findings into account — in the lead-up to the COP28 climate change conference in Dubai later this year and beyond."
Persons: , COP28, Pope Francis and King Charles III —, Fatih Birol Organizations: International Energy Agency, COP21, United Arab Emirates, Energy, World Energy, Fatih Locations: Germany, Paris, Dubai
CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.
Persons: CNN —, it’s, , Denis Manturov, Vladimir Putin, Murdo Morrison, , Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, , Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, , Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow
He also created an LLC under his initials in 2021, seemingly for the sole purpose of releasing Sterling's music. But since Sterling's death, Bolno has worked to distance himself from the tragedy and buff his reputation online. On June 29, 2023, three months after Sterling's death, Ozuna and Andino signed to SB Projects, Scooter Braun's management company. Since Sterling's death, Bolno has appeared to try to distance himself from the tragedy. However, in September, a message from Centeno's email address sent on behalf of Sterling's mother asked Insider to stop reporting on Sterling's death.
Persons: Camila Sterling, David Bolno, Scooter Braun's, Drake, Post, Bolno, Sterling, — who's, Daily Mail —, , Laura Camila Lozano Sterling, Selena Gomez, Enmanuel Hernández Rodriguez, Rodriguez, it's, Scooter Braun, Taylor Swift, Camila Sterling's, Shaun White, schmoozing, sunning, David Geffen's, he's, Will.i.am, Justin Bieber, hadn't, bigwig, He's, Mariah Carey, Braun, Ariana Grande, Demi Lovato, Scooter, who's, Scooter hasn't, Peter Comisar, Comisar, Michael Tran, Bieber, he'd, David Grutman, LIV, Grutman, she'd, I'm, David, Usher, Sterling's, John Parra, I'd, Nordhia Centeno, Laura Castellanos Torres, Edgar Andino, Andino, Sterling wasn't, Gabby, there's, Sterling texted, Escalade, Cartier Juste, Bruce Lehr, tusi, Fabio Cabrera, Ernesto Rodriguez, Evan Siegfried, Mickey Segal, NKSFB, Nubia Esperanza Sterling Artunduaga, Camila, Rocio Cruz Maldonado, Centeno, Marcie Stefan Organizations: Miami Beach, Daily Mail, Miami Beach Police Department, Puerto, Sterling, Trump, Intracoastal Yacht, Space, Miami Dade College, Puerto Rican, Pump, Miami, DTB Records, Spotify, Records, Temple Law School, Ithaca Holdings, luxe Paramount Miami, Studios, Bay Eight Recording Studios, YouTube, Zero, SB Projects, Paramount Miami Worldcenter, Representatives, Police, Unreal Mobile, Red Pocket, European Business, University of Locations: Post Malone, Miami, Sterling, Latin America, Colombia, Bogotá, American, Puerto Rican, Sunny, Moscow, Sunny Isles, Givenchy, Cuba, Los Angeles, Delaware, Puerto Rico, New York City, Medellín, Ithaca, Korean, Brentwood, North Miami, French Montana, Bolno's, Miami Beach, Jerusalem, Nubia
Blinken to visit South Korea as North Korea, Russia deepen ties
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +3 min
The Seoul visit comes as the United States and South Korea, along with Japan, have condemned what they say is the supply of arms and military equipment by North Korea to Russia. North Korea is preparing to launch a spy satellite after having failed twice this year to put one in orbit. South Korea's spy agency said last week North Korea was in the final stages of preparations for the launch after apparently receiving technical assistance from Russia. U.S. Secretary of Defense Lloyd Austin is also due to visit South Korea this week on a trip that will include Indonesia and India. In Washington, U.S. and South Korean officials held talks on North Korea's illicit cyber activities that they say fund its unlawful weapons programs, South Korea's foreign ministry said.
Persons: Antony Blinken, Yoko Kamikawa, Toshifumi, military's Vandenberg, Defense Lloyd Austin, Austin, Soo, Choi, Ed Davies, Michael Perry Organizations: Japanese, REUTERS Acquire, Rights, South Korean, SpaceX, U.S, Defense, Blinken, United, Thomson Locations: Tokyo, Japan, Rights SEOUL, Seoul, Russia, Blinken's, Asia, India, Israel, United States, South Korea, North Korea, Washington, North, Ukraine, Pyongyang, Korea, Moscow, Russia's, South, Indonesia, North Korean, Pacific, Washington , U.S, United Nations
In Heilongjiang, China’s northernmost province, the railway operator halted 51 passenger trains on Tuesday due to the snowstorm. Heavy snow falls in Xiangfang district of Harbin, Heilongjiang province, on November 6, 2023. Harbin issued a red blizzard alert – the highest in China’s four-tier warning system – on Sunday and Monday. In the neighboring province of Jilin, more than 200 expressway entrances were closed on Monday due to heavy snowfall. China’s national weather forecaster issued an orange blizzard alert – the second highest level after red – on Saturday and renewed it on Monday for parts of Jilin, Heilongjiang and Inner Mongolia.
Persons: Hong Kong CNN —, Xie Jianfei Organizations: Hong Kong CNN, National Meteorological Center, CCTV, Xinhua Locations: China, Hong Kong, Heilongjiang, China’s, Harbin, Jiamusi, Xinhua, Xiangfang, Heilongjiang province, Qiqihar, Jilin, Inner Mongolia
Staff at X, formerly Twitter, considered calling the police over fears Elon Musk might harm himself. Ben Mezrich, author of the book "Breaking Twitter," made the remarks to CNBC's Squawk Box. AdvertisementAdvertisementStaff at X, formerly Twitter, once considered calling the San Francisco police after an upset Elon Musk locked himself in his office, author Ben Mezrich said. AdvertisementAdvertisement"The Elon before Twitter and the Elon after Twitter are two different Elons," he said. "Elon didn't just break Twitter, Twitter broke Elon Musk."
Persons: Elon, Ben Mezrich, CNBC's, Mezrich, X, , Elon Musk, Dave Chappelle, Elon didn't, Twitter, Musk Organizations: Twitter, Service, San Francisco, Elon Locations: San Francisco police
“Pesticide exposure during pregnancy may lead to an increased risk of birth defects, low birth weight, and fetal death,” the American Academy of Pediatrics stated. “Exposure in childhood has been linked to attention and learning problems, as well as cancer.”Yet pesticide exposure is widespread, even for chemicals that were banned years ago by federal agencies. In the 2023 Shopper’s Guide to Pesticides in Produce — a list of nonorganic produce with the most pesticides — researchers found 210 different pesticides on the 12 foods. In addition, consumers can ask food companies to “release the actual test results of pesticide concentrations in their products,” said EWG’s Temkin. “Food companies have not been publishing such data, instead relying on generalities,” she said via email.
Persons: , Cailin Dendas, , disheartening, Jane Houlihan, Houlihan, Kale, collard, ” Alexis Temkin, toxicologist, ” Dendas, Jim Watson, Dendas, Sow, General Mills, Archer Daniels, Lamb, Nestlé, Dane Lisser, Shelby Stoolman, EWG’s, Temkin, ” Temkin, “ Steer Organizations: CNN, “ Pesticides, Healthy, , , American Academy of Pediatrics, Environmental, US Environmental Protection Agency, Environmental Protection Agency, US Centers for Disease Control, Getty, Archer Daniels Midland Co, PepsiCo Inc, Conagra Brands Inc, Campbell Soup Company, Lamb Weston Holdings Inc, G Foods Inc, Cargill, Danone S.A, Del Monte Pacific Ltd, General, Inc, Kraft Heinz Company, Mars Incorporated, Mondelēz, Post Holdings Inc, ADM, US Food and Drug Administration Locations: United States, AFP
The price valued the company at $223.5 billion, about 26% lower than a valuation a year earlier, the Reuters report said. Last year, ByteDance was valued at $300 billion in a buyback program offered to its non-U.S. employees. The latest $160 price is higher than the $155 price set in an earlier April buyback, the person added. A ByteDance spokesperson confirmed the share buyback plan for employees outside the U.S., saying it aimed to provide liquidity options for staff through such programs. Buybacks allow employees to cash in shares without waiting for the company to list on the stock market.
Persons: Aly, ByteDance, Brenda Goh, Josh YE, Mark Potter Organizations: REUTERS, Rights, Reuters, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, U.S, Hong Kong
CNN —Global fossil fuel production in 2030 is set to be more than double the levels that are deemed consistent with meeting climate goals set under the 2015 Paris climate agreement, the United Nations and researchers said on Wednesday. The United Nations Environment Programme’s (UNEP) report, assessing the gap in fossil fuel production cuts and what’s needed to meet climate goals, comes ahead of the global COP 28 climate meeting, which starts on November 30 in the oil-rich United Arab Emirates. “We need countries to commit to a phase out of all fossil fuels to keep the 1.5C goal alive,” she said. It said 17 of the countries have pledged to reach net zero emissions but most continue to promote, subsidise, support and plan the expansion of fossil fuel production. The 20 countries analysed account for 82% of global fossil fuel production and 73% of consumption, the report said and include Australia, China, Norway, Qatar, Britain, the UAE and the United States.
Persons: Achakulwisut, Organizations: CNN, Global, United Nations, United Nations Environment Programme’s, United, United Arab Emirates, Stockholm Environment Institute, SEI, UNEP, International Institute for Sustainable Development Locations: Paris, United Arab, Stockholm, Australia, China, Norway, Qatar, Britain, UAE, United States
Last year, the three major credit bureaus announced changes to medical debt reporting. They started removing unpaid medical debts of $500 or less from credit reports. A new Urban Institute report found the changes improved credit scores for 27 million Americans. AdvertisementAdvertisementA year ago, the three major credit bureaus announced they would change how they report medical debt on credit reports. "Removing 70% of past-due medical debt from credit reports is a step in the right direction, and much more needs to be done.
Persons: , TransUnion, Sen, Bernie Sanders, Sanders Organizations: Urban Institute, Service, Consumer Financial, Democratic Locations: United States of America
A credit card is used on a payment terminal at a shop near Nantes, France, in this illustration picture taken November 6, 2023. The New York Fed report found credit issues are rising, albeit from low levels. The report said increases in credit card delinquency rates were most pronounced for thirtysomething borrowers. “The continued rise in credit card delinquency rates is broad-based across area income and region, but particularly pronounced among millennials and those with auto loans or student loans,” the economist noted. Line chart with data from the Federal Reserve Bank of New York show credit card and auto loans delinquencies for over 30 days.
Persons: Stephane Mahe, there's, Donghoon Lee, , Daniel Silver, Morgan, Lisa Cook, Michael S, Andrea Ricci, Jonathan Oatis Organizations: REUTERS, Federal Reserve Bank of New York, New York Fed, New, Fed, The New York Fed, New York Federal Reserve, Federal Reserve Bank of New, New York, Thomson Locations: Nantes, France, The, U.S, Federal Reserve Bank of New York, New
Nurphoto | Nurphoto | Getty ImagesBEIJING — Most consumers in China are planning to keep a lid on spending during this year's Singles Day shopping festival, which ends Nov. 11. That's according to a survey of more than 3,000 consumers in the country by Bain and Company, released Tuesday. Originally launched by Chinese e-commerce giant Alibaba , Singles Day has expanded from a one-day shopping festival into a multi-week period of shopping promotions across different online platforms in China. Bain estimates that including other platforms, Singles Day e-commerce GMV rose by 3% to 934 billion yuan ($128.25 billion) in 2022. When factoring in another 181 billion yuan in livestreaming and content-led e-commerce, the total GMV for last year's festival topped 1 trillion yuan ($140 billion), the report said.
Persons: Bain, , James Yang, Yang, Livestreaming Organizations: Nurphoto, Getty, Bain and Company, Bain, Adobe Analytics Locations: Lianyungang, East China's Jiangsu Province, BEIJING, China, Chinese
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