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The United States has spent the past five years pushing to reduce its reliance on China for computer chips, solar panels and various consumer imports amid growing concern over Beijing’s security threats, human rights record and dominance of critical industries. But even as policymakers and corporate executives look for ways to cut ties with China, a growing body of evidence suggests that the world’s largest economies remain deeply intertwined as Chinese products make their way to America through other countries. New and forthcoming economic papers call into question whether the United States has actually lessened its reliance on China — and what a recent reshuffling of trade relationships means for the global economy and American consumers. Changes to global manufacturing and supply chains are still unfolding, as both punishing tariffs imposed by the administration of former President Donald J. Trump and tougher restrictions on the sale of technology to China imposed by the Biden administration play out. The key architect of the latest restrictions — Gina Raimondo, the commerce secretary — is meeting with top Chinese officials in Beijing and Shanghai this week, a visit that underscores the challenge facing the United States as it seeks to reduce how much it depends on China at a moment when the countries’ economies share so many ties.
Persons: Donald J, Biden, — Gina Raimondo, Organizations: Trump Locations: States, China, America, United States, Beijing, Shanghai
He has broad oversight of economic policy, and has long been closely associated with Xi Jinping, China’s top leader. Seated in a red-carpeted reception room on the second floor of the Great Hall, Mr. He said at the start of their meeting that he was ready to work with Ms. Raimondo, and hoped the United States would adopt rational and practical policies. “The U.S.-China commercial relationship is one of the most globally consequential, and managing that relationship responsibly is critical to both our nations and indeed to the whole world,” Ms. Raimondo said. “And while we will never of course compromise in protecting our national security, I want to be clear that we do not seek to decouple or to hold China’s economy back.”
Persons: Gina Raimondo, Xi Jinping, Ms, Raimondo, Biden, Organizations: of Locations: United States, Beijing, U.S, China
High-ranking United States and Chinese officials held a series of economic policy meetings on Tuesday in Beijing, in the latest sign that both countries are trying to stop the long deterioration in their relationship and restore communications. Seated in a red-carpeted reception room on the second floor of the Great Hall, Mr. She responded that while the United States would not compromise on issues of national security, it also would not try to disconnect from China or hold back China’s economic development. He has broad oversight of economic policy as one of four vice premiers, and has also been closely associated with Xi Jinping, China’s top leader, since 1985. That was when the two men began collaborating on economic development as officials in Xiamen, a city in Fujian Province on the southeastern coast of China.
Persons: Gina Raimondo, Ms, Raimondo, Xi Jinping Organizations: of Locations: United States, Beijing, U.S, China, Xiamen, Fujian Province
[1/37] Aug 28, 2023; Chicago, Illinois, USA; Milwaukee Brewers left fielder Christian Yelich (22) walks to the dugout before the game against the Chicago Cubs at Wrigley Field. Mandatory Credit: David Banks-USA TODAY Sports Acquire Licensing RightsAugust 29 - Christian Yelich and Mark Canha each homered during a four-run first inning as the visiting Milwaukee Brewers extended their season-best winning streak to nine games with a 6-2 victory over the Chicago Cubs on Monday night. Winners of 13 of their last 16 games, the Brewers wasted no time getting to Chicago starter Jameson Taillon (7-9). Three pitches into the game, Yelich went deep into the left-center-field bleachers for his 17th home run of the season. Milwaukee is 5-3 against the Cubs this season and has won three straight games at Wrigley Field.
Persons: Christian Yelich, David Banks, Yelich, Mark Canha, Wade Miley, Ian Happ, Patrick Wisdom, Jameson Taillon, Sal Frelick, Willy Adames, Dansby Swanson, Rowdy Tellez's, William Contreras, Taillon, Drew Smyly Organizations: Milwaukee Brewers, Chicago Cubs, Wrigley, USA, Brewers, National League Central, Cubs, Milwaukee, Thomson Locations: Chicago , Illinois, USA, Chicago, Contreras, Adames . Milwaukee
Her visit, which will include meetings with business leaders and government officials, including her Chinese counterpart, Wang Wentao, will be closely watched as she looks for common ground on trade, even as she seeks to curtail it. Here is what Ms. Raimondo expects to focus on during her trip, according to The Times’s Ana Swanson, Alan Rappeport and Keith Bradsher. Ms. Raimondo is likely to defend the escalating tech war, which she will argue is meant to protect U.S. national security. (Ms. Raimondo said on Monday that she would neither compromise nor negotiate on that point.) The White House this month announced plans to bar private equity and venture capital firms from making investments in China in quantum computing and advanced semiconductors.
Persons: Raimondo, Gina Raimondo, Wang Wentao, Ana Swanson, Alan Rappeport, Keith Bradsher, Ms Organizations: China, Biden administration’s, U.S Locations: Beijing, China
The United States and China on Monday agreed to hold regular conversations about commercial issues and restrictions on access to advanced technology, the latest step this summer toward reducing tensions between the world’s two largest economies. The announcement came during a visit to Beijing by Gina Raimondo, the U.S. commerce secretary, who is meeting with senior Chinese officials in Beijing and Shanghai this week. The agreement to hold regular discussions is the latest move toward rebuilding frayed links between the two countries, a process that had already begun during three trips in the past 10 weeks by senior American officials: Secretary of State Antony J. Blinken, Treasury Secretary Janet L. Yellen and John Kerry, the president’s climate envoy. “I think it’s a very good sign that we agreed to concrete dialogue, and I would say, more than just kind of nebulous commitments to continue to talk, this is an official channel,” Ms. Raimondo said in an interview after four hours of negotiations with China’s commerce minister, Wang Wentao.
Persons: Gina Raimondo, Antony J, Blinken, Janet L, Yellen, John Kerry, , Ms, Raimondo, Wang Wentao Locations: States, China, Beijing, U.S, Shanghai
[1/51] Aug 26, 2023; Pittsburgh, Pennsylvania, USA; Chicago Cubs manager David Ross (3) observes batting practice before a game against the Pittsburgh Pirates at PNC Park. Mandatory Credit: Charles LeClaire-USA TODAY Sports Acquire Licensing RightsAugust 27 - Left-hander Jordan Wicks made a splash in his major league debut Saturday, giving up just one run in five innings and striking out nine in the visiting Chicago Cubs' 10-6 win over the Pittsburgh Pirates. Ke'Bryan Hayes homered and added an RBI single, Bryan Reynolds hit a two-run double, and Alika Williams had an RBI single for the Pirates, who have lost three of four. That chased Bido for Ryan Borucki, who gave up an RBI single to Candelario for an 8-1 Chicago lead. Suzuki's two-run double in the ninth provided breathing room.
Persons: David Ross, Charles LeClaire, Jordan Wicks, Wicks, Seiya Suzuki, Ian Happ, Cody Bellinger, Jeimer, Adbert Alzolay, Ke'Bryan Hayes, Bryan Reynolds, Alika Williams, Pittsburgh's Colin Selby, Osvaldo Bido, Hayes, Reynolds, Andrew McCutchen, Miguel Amaya, Nick Madrigal's, Michael Tauchman, Dansby Swanson, Happ, Bellinger's groundout, Tauchman, Swanson, Bellinger, Bido, Ryan Borucki, Connor Joe, Joshua Palacios, Joe, Liover, Jack Suwinski, Palacios, Williams Organizations: Chicago Cubs, Pittsburgh Pirates, PNC, Cubs, Pirates, Chicago, The Pirates, Thomson Locations: Pittsburgh , Pennsylvania, USA, Bellinger, Suwinski
Gina Raimondo, the secretary of commerce, who arrived in Beijing on Sunday, is the latest Biden administration emissary seeking to stabilize ties between the world’s two largest economies. The fourth senior U.S. official to travel to China in less than three months, Ms. Raimondo is taking her trip at a critical juncture. Relations between the countries are strained, partly because the United States has clamped down on China’s access to technology that could aid its military. Ms. Raimondo’s agenda is varied, including economic diplomacy, getting to know China’s new economic team and defending the interests of American companies and their employees. Ms. Raimondo’s department oversees the export controls and other restrictions that the Biden administration has put in place, many of which have angered Chinese officials and prompted retaliation.
Persons: Gina Raimondo, Biden, Raimondo Organizations: U.S Locations: Beijing, China, United States, U.S
Gina Raimondo, the secretary of commerce, is heading to China on Saturday with two seemingly contradictory responsibilities: a mandate to strengthen U.S. business relations with Beijing while also imposing some of the toughest Chinese trade restrictions in years. The head of the Commerce Department is traditionally the government’s biggest champion for the business community both at home and abroad, promoting the kind of extensive ties U.S. firms have with China, the world’s second-largest economy. But U.S.-China relations have turned chillier as China has become more aggressive in flexing its economic and military might. While China remains an important economic partner, American officials have increasingly viewed the country as a security threat and have imposed a raft of new restrictions aimed at crippling Beijing’s access to technology that could be used to strengthen the Chinese military or security services. The bulk of those restrictions — which have stoked anger and irritation from the Chinese government — have been imposed by Ms. Raimondo’s agency.
Persons: Gina Raimondo Organizations: Commerce Department, U.S Locations: China, Beijing
MLB roundup: M's down White Sox for 8th straight win
  + stars: | 2023-08-23 | by ( ) www.reuters.com   time to read: +8 min
Yoan Moncada and Vaughn each had two hits as the White Sox lost for the eighth time in 10 games. Brian Anderson's two-run single capped the uprising. Willy Adames hit a two-run homer for the Brewers, who got two innings of scoreless relief from Bryse Wilson (5-0). The Red Sox started 0-for-9 with runners in scoring position before Justin Turner stroked a two-run single in the ninth off Astros reliever Rafael Montero. Will Smith hit a two-run homer for Los Angeles, which lost for just the third time in 20 games this month.
Persons: Josh Rojas, Matt Marton, Mike Ford, Teoscar Hernandez, Justin Topa, Andres Munoz, Andrew Vaughn's, J.P, Crawford, Rojas, Yoan Moncada, Vaughn, CJ Abrams, Abrams, Tommy Kahnle, Carter Kieboom, Mason Thompson, Kyle Finnegan, Ben Rortvedt, Bailey Ober, Dylan Floro, Brian Anderson's, Willy Adames, Bryse Wilson, Christian Vazquez, Kyle Farmer, Eddie Rosario, Bryce Elder, Rosario, Marcell Ozuna, Atlanta's, Elder, Tylor, Justin Verlander, Kyle Tucker, Jon Singleton's, Justin Turner, Rafael Montero, Boston's Adam Duvall, Brandon Belt, Bo Bichette, Mike Baumann, Vladimir Guerrero Jr, Varsho, Adley Rutschman, Jordan Westburg, Ryan Mountcastle, Cleveland, Bobby Miller, Caleb Ferguson, Will Brennan, Andres Gimenez, Myles Straw, Oscar Gonzalez, Cleveland's Sam Hentges, Trevor Stephan, Emmanuel Clase, Noah Syndergaard, Will Smith, Andy Ibanez, Kerry Carpenter, Parker Meadows, Tyler Holton, Alex Lange, Dansby Swanson, Jeimer Candelario, Reese Olson, Drew Smyly, Trea Turner, Taijuan Walker, Turner, Craig Kimbrel, Kyle Harrison, Camilo Doval, Yandy Diaz, Osleivis Basabe slugged, Diaz, Randy Arozarena, Andrew Kittredge, Michael Toglia slugged, Elias Diaz, Brent Suter, Andrew McCutchen, Bryan Reynolds, Louis, Connor Joe, Johan Oviedo, David Bednar, Richie Palacios, Willson Conteras, Alec Burleson, Adam Wainwright Organizations: Seattle Mariners, Chicago White Sox, Seattle, Chicago, Mariners, Ford, White Sox, Nationals, Yankees, Washington, Brewers, Twins, Milwaukee bunched, Milwaukee, Braves, Mets, Atlanta, New, Astros, Red Sox, Houston, Boston, Jays, Orioles, Toronto, Baltimore, Dodgers, Los Angeles, Los, Tigers, Cubs, Detroit, Phillies, Giants, Philadelphia, Francisco, Rays, Rockies, League, Colorado, Pirates, Cardinals, Pittsburgh, Thomson Locations: Chicago , Illinois, USA, Seattle, New York, Minnesota, York, Baltimore, Cleveland, Los, Los Angeles, Parker, San Francisco, Philadelphia, Tampa, St . Petersburg, Fla, St
Gina Raimondo, the secretary of commerce, will travel to Beijing and Shanghai for a series of meetings next week, becoming the latest Biden official to visit China as the United States seeks to stabilize the relationship between the countries. Ms. Raimondo will meet with senior Chinese officials and American business leaders between Aug. 27 and Aug. 30, the Department of Commerce said in an announcement Tuesday. The department said that Ms. Raimondo was looking forward to “constructive discussions on issues relating to the U.S.-China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation.”The visit comes during a period of tensions between Washington and Beijing, and amid extreme volatility in the Chinese economy, which is struggling with stalling growth, a real estate crisis and lackluster consumer confidence. The Biden administration has dispatched a series of officials to China in recent months in an attempt to restore some stability to the bilateral relationship, after the flight of a Chinese surveillance balloon across the United States early this year left ties badly frayed.
Persons: Gina Raimondo, Raimondo, Ms, Biden Organizations: Biden, Department of Commerce, U.S . Locations: Beijing, Shanghai, China, United, U.S, Washington, United States
CNN —Hilary has weakened to a post-tropical cyclone that’s still bringing life-threatening flooding and gusty winds to much of the Southwest US, leaving streets like raging rivers and residents ordered to leave their homes. “Areas that normally do not experience flash flooding will flood,” the National Weather Service said. Strong and gusty winds are expected to persist across portions of the western US Monday, particularly in and near areas of higher terrain. Cars were stuck in floodwaters in the Spanish Hills area, the National Weather Service reported. The Los Angeles Unified School District – the nation’s second largest school district – will be closed Monday because of the storm.
Persons: Hilary, Monday, ” Flood, Todd Gloria, , , San Bernardino County’s Yucaipa, “ Crews, Gustavo Araiza, David Swanson, Mike McClintock, ” McClintock, “ We’re Organizations: CNN, Southwest, Southern California, National Hurricane Center, Intermountain, National Weather Service, ” San Diego, United States Geological Survey, Golden State, Residents, Sunday, San Diego Fire, Los Angeles Unified School District, Pasadena Unified School District, San Diego Unified School District, Palm Springs, Palm, Getty, Caltrans, San Bernardino Fire Battalion Locations: Nevada, San Diego, California, arroyo, Southern California, Idaho, , Palm Springs, Los Angeles, Ventura, Spanish, Mexico –, Imperial County, San Bernardino County, Barstow, Serrano, San Bernardino, Forest Falls, Oak Glen, Santa Clara, Pasadena, Long Beach, Palmdale, Death, AFP, Santa Clarita, Sand, Baker, Inyo County
The Americans, who own a record four World Cup titles and had never before finished worse than third place, left town long before the party was over after a shock defeat to Sweden in the last 16. "Our commitment to excellence remains unshakeable, and we believe this strategic plan will set the foundation for our women's national team to achieve greater heights in the years to come." The U.S. federation must also replace women's national team General Manager Kate Margkraf, whose departure was announced on Friday. But the Macedonian-American never shied from bringing the next generation into the fold, as he fielded the least experienced U.S. team in memory with 14 World Cup newcomers, compared to only eight in 2015. But fans looking for a glimmer of hope from the Americans' dismal campaign can look to the younger players.
Persons: Megan Rapinoe, Alyssa Naeher, Vlatko Andonovski, Matt Crocker, Crocker, Kate Margkraf, There’s, Andonovski, Sam Mewis, Catarina Macario, Mallory Swanson, Forward Sophia Smith, Naomi Girma, Alyssa Thompson, Julie Ertz, Fox, Amy Tennery, Pritha Sarkar Organizations: Soccer Football, FIFA, United, Spain, England, Sunday's, team, Soccer Sporting, Premier League, Southampton, women's, U.S . Soccer, National Women's Soccer League, U.S ., Vietnam, U.S, Soccer, Thomson Locations: New Zealand, Sweden, United States, Melbourne, Australia, U.S, Sydney, Qatar, Paris, Tokyo, New York
[1/36] Aug 16, 2023; Chicago, Illinois, USA; Chicago Cubs starting pitcher Javier Assad (72) delivers a pitch against the Chicago White Sox during the first inning at Wrigley Field. The Cubs managed just three hits over seven innings, and struck out seven times, against White Sox starter Mike Clevinger. The Cubs split the two-game set and went 3-1 against the White Sox this season while improving to 19-8 since July 18. Gavin Sheets clubbed a two-run homer for the White Sox, who won the series opener 5-3 on Tuesday. It was Sheets' ninth homer of the season.
Persons: Javier Assad, Kamil Krzaczynski, Christopher Morel, Mike Clevinger, Nick Madrigal, Aaron Bummer, Gregory Santos, Cody Bellinger, Dansby Swanson, Morel, Drew Smyly, Gavin Sheets, Michael Fulmer, Luis Robert Jr, Yoan Moncada, Andrew Vaughn, Andrew Benintendi, Robert, Robert's, Ian Happ, Benintendi, Sheets, Assad Organizations: Chicago Cubs, Chicago White Sox, Wrigley, Cubs, White Sox, Wrigley Field, Clevinger, Thomson Locations: Chicago , Illinois, USA
MLB roundup: Cubs earn walk-off win over White Sox
  + stars: | 2023-08-17 | by ( ) www.reuters.com   time to read: +10 min
The Cubs managed just three hits over seven innings and struck out seven times against White Sox starter Mike Clevinger. Rangers starter Jon Gray (8-6) gave up six hits and one run in seven innings. Nationals 6, Red Sox 2Keibert Ruiz broke a tie with a three-run homer in the eighth inning as Washington beat visiting Boston. Mariners starter Luis Castillo (9-7) surrendered four runs on nine hits in seven innings. Padres starter Blake Snell (10-8) gave up two runs on three hits and two walks with five strikeouts in six innings.
Persons: Christopher Morel, Kamil Krzaczynski, Mike Clevinger, Nick Madrigal, Aaron Bummer, Gregory Santos, Cody Bellinger, Dansby Swanson, Morel, Drew Smyly, Gavin Sheets, Reid Detmers, Marcus Semien's, Detmers, Shohei Ohtani, Matt Thaiss, Jon Gray, Christian Walker, Kyle Lewis, Corbin Carroll, Walker, Tommy Pham, Tyler Kinley, Kyle Nelson, Paul Sewald, Ryan McMahon, Nolan Jones, Ezequiel Tovar, Clayton Kershaw, Miguel Rojas, Chris Taylor, Mookie Betts, Freddie Freeman, Will Smith, Betts, Kershaw, Mark Canha, Wade Miley, DJ Stewart, Francisco Lindor's, Pete Alonso, Tylor, Bryan Reynolds, Alika Williams, Johan Oviedo, Spencer Torkelson, Riley Greene, Tyler Holton, Jorge Polanco, Max Kepler, Edouard Julien, Royce Lewis, Aaron Civale, Luke Raley, Josh Lowe, Brandon Lowe, Ross Stripling, Ryan Walker, Keibert Ruiz, Stone Garrett, Jose A, Ferrer, Boston's Pablo Reyes, Jordan Weems, Garrett Whitlock, Charlie Morton, Morton, Randy Vasquez, Julio Rodriguez, Maikel Garcia, Seattle's Dylan Moore, Garcia couldn't, Moore, Teoscar, Dylan Coleman, Luis Castillo, Garcia, Alex Bregman, Kyle Tucker, Chas McCormick, Tucker, Justin Verlander, Verlander, Jake Burger, Paul Blackburn, Louis . Blackburn, Austin Pruitt, Zack Gelof, Jordan Diaz, Gelof, Diaz, Matt McLain, TJ Friedl, Andrew Abbott, Bryce Harper, Jake Cave, Cave, Daulton Varsho, Fernando Tatis Jr, Blake Snell, Josh Hader, Ryan Mountcastle, Dean Kremer Organizations: Chicago Cubs, Chicago White Sox, Wrigley, Cubs, White Sox, Rangers, Diamondbacks, Rockies, Arizona, Colorado, Dodgers, Brewers, Milwaukee, National League Central, NL West, Mets, Pirates, New, Pittsburgh, Tigers, Twins, Detroit, Minnesota, Giants, Tampa Bay, Rays, Cleveland Guardians, Bay ., Nationals, Red Sox, Washington, Boston, Braves, Yankees, The Braves, Mariners, Royals, Seattle, Kansas City, Astros, Marlins, Houston, Miami, Athletics, Cardinals, Oakland, Reds, Cincinnati, Cleveland, Phillies, Blue Jays, Philadelphia, Toronto, Padres, Orioles, Baltimore, Thomson Locations: Chicago , Illinois, USA, Los Angeles, Arlington , Texas, Texas, Denver, New York, Minneapolis, Francisco, Atlanta, York, Kansas, Diego
First Solar, a leading U.S. solar panel manufacturer, said on Tuesday that an audit had found that migrant workers in its operations in Malaysia were victims of forced labor. The independent audit, which was included in a corporate sustainability report, found that four subcontractors in Malaysia had charged the workers recruitment fees in their home countries and withheld their pay and passports. U.S. officials and human rights activists have become increasingly concerned about the use of forced labor in the manufacture of solar panels, most of which takes place in Asia. Global supply chains for solar panels have for years relied on China, in particular for polysilicon, a crucial component in most solar panels made around the world. But a recent ban on products from Xinjiang, a region where the U.S. government and United Nations accuse the Chinese government of committing human rights violations, including forced labor, has led to a shift away from China.
Organizations: United Nations Locations: U.S, Malaysia, Asia, Global, China, Xinjiang
The common shares dropped to $3.45, levels just before the meme stock mania of January 2021 when retail traders hyped up the stock on online forums like Reddit. The preferred stock units called "APE" , which trade at a significant discount to common shares, jumped 15% to $2.05. Under the settlement, AMC will provide stock worth an estimated $129 million to common shareholders to settle potential legal claims related to a stock conversion plan. Wedbush analysts said they expect AMC and APE shares to converge around $3 per share before the conversion. Aron said the company has raised $418 million in cash through the sale of "APE" units over the past 12 months.
Persons: Adam Aron, David Swanson, Thomas Hayes, Aron, JJ Kinahan, Medha Singh, Akash Sriram, Saumyadeb Chakrabarty Organizations: AMC Entertainment, Milken, Global Conference, REUTERS, AMC, Great, Great Hill Capital, Twitter, IG North America, Thomson Locations: Beverly Hills , California, U.S, Great Hill, New York, Bengaluru
Many opponents of renewable energy, she added, “are worried about the impacts to their very way of life.”Roadside opposition to renewable energy projects near Baldwin City, Kan. “We see offshore wind as a critical technology,” said Dan Burgess, the director of the Maine Governor’s Energy Office. Across the country, clean energy projects of all types are tied up in lengthy permitting processes. By then, India had not completed any offshore wind projects. Since 2000, the United States has barely built any major transmission lines that connect different regions of the country.
Persons: Scott Dickerson, , Biden, Alison Bates, , Columbia University’s, Dan Burgess, Habib Dagher, Janet Mills, Gregory Wetstone, Mack, James Gillway, SunZia, ” Hunter Armistead, Broussard, There’s, Vaughan Woodruff, Tucker Carlson, Teslas, ” Ali Zaidi, Dagher, Rolf Olsen, who’s Organizations: University of Maine, Sears, Officials, Federal, International Energy Agency, Colby College, White, Columbia, Climate, The University of, Maine Governor’s Energy, Environmental, University of Maine’s, Composites Center, Gov, American Clean Power Association, American Council, Renewable Energy, Environmental Protection Agency, Army Corps of Engineers, . Clean, Union United, China India European Union United States, China European Union United, China India United States European, China United States European Union, China United States European Union India, Energy, The New York Times, United, Pattern Energy, New York State Energy Research, Development Authority, Toyota Prius Locations: Penobscot Bay, Maine, , Maine, United States, Europe, China, Australia, India, Los Angeles, Ohio, Jersey Shore, Waterville , Maine, Baldwin City, Kan, Massachusetts, Ukraine, Gulf, Searsport , Maine, Searsport, Bangor, Mack, West, Union United States, U.S, China United States European Union India, Great, New Mexico, Arizona, California, Riesel , Texas, Energy, San Bernardino County, In Kansas, Atlantic City, N.J, New York, Manhattan, Sears
As the rate of food price inflation eases in the United States and Europe, analysts are warning of a new era of volatility in global food prices, ushered in by a series of threats coming together in unprecedented ways. A combination of calamities — extreme weather, Russia’s targeting of grain supplies in Ukraine and some countries’ growing willingness to erect protectionist barriers to food trade — has left food supplies more vulnerable and less prepared to absorb any one disruption, analysts say. “This is the new normal now, with more volatility and unpredictability, whether that’s in commodity prices or food prices,” said Dennis Voznesenski, a commodities analyst at Rabobank in Sydney, Australia. Even without major disruptions, food prices can be variable, and many factors play into the price of a bushel of wheat or loaf of bread.
Persons: , , Dennis Voznesenski Organizations: Rabobank Locations: United States, Europe, Ukraine, Sydney, Australia
The Biden administration plans on Wednesday to issue new restrictions on American investments in certain advanced industries in China, according to people familiar with the deliberations, a move that supporters have described as necessary to protect national security but that will undoubtedly rankle Beijing. The measure would be one of the first significant steps the United States has taken in its economic clash with China to clamp down on financial flows. It could set the stage for more restrictions on investments between the two countries in the years to come. The restrictions would bar private equity and venture capital firms from making investments in certain high-tech sectors, like quantum computing, artificial intelligence and advanced semiconductors, the people said, in a bid to stop the transfer of American dollars and expertise to China. It would also require firms making investments in a broader range of Chinese industries to report that activity, giving the government better visibility into financial exchanges between the United States and China.
Organizations: Biden Locations: China, Beijing, States, United States
If Mr. Schumer gets his way, a substantial part of that funding will flow to New York. In his encounters with chip executives, Commerce Secretary Gina Raimondo and President Biden himself, Mr. Schumer has openly and aggressively drawn on his political capital as majority leader to try to channel investment to his home state. Mr. Schumer, a longtime China critic, primarily views the investments as critical to reducing America’s reliance on Beijing for a technology that powers everything from cars and dishwashers to missiles and fighter jets. “I cared about upstate and I cared about competition with China,” Mr. Schumer said in an interview in Albany in June. But Mr. Schumer is capitalizing on his position at an opportune moment, as the United States prepares to invest nearly $53 billion in the sector, including $11 billion for chip research and $39 billion in manufacturing grants.
Persons: Schumer, Gina Raimondo, Biden, , ” Mr Locations: New York, China, Beijing, Asia, U.S, Albany, United States
Indiana now wants to catch up to other places that have landed big chip manufacturing plants. The push is supported by Senator Todd Young, a Republican from Indiana, who was a co-author on the CHIPS Act and has been a leading voice on increasing funds for tech hubs. Companies and universities in Indiana have applied for multiple CHIPS Act grants, with the aim of winning awards not only for chip manufacturing but also for research and development. Those regions succeeded because of their strong academic research universities, big anchor companies, skilled workers and investors. He added that the federal government’s plan to initially put $500 million into tech hubs was too small and estimated it would take $100 billion in government aid to create 10 sustainable tech hubs.
Persons: Todd Young, Biden, , Mark Muro Organizations: Republican, Companies, Biden, Indiana, Indiana Chamber of Commerce, Brookings Institution Locations: Indiana, Silicon Valley, Boston
Cubs stay hot, rally past Braves 6-4
  + stars: | 2023-08-06 | by ( Field Level Media | ) www.reuters.com   time to read: +2 min
[1/41] Aug 6, 2023; Chicago, Illinois, USA; NASA Astronaut Josh Cassada throws out a ceremonial first pitch before the game between the Chicago Cubs and the Atlanta Braves at Wrigley Field. Mandatory Credit: David Banks-USA TODAY SportsAugust 7 - The Chicago Cubs used a three-run fifth inning to earn a 6-4 victory and clinch a three-game series win over the visiting Atlanta Braves on Sunday. The Cubs entered the home half of the fifth down 3-2, but Ian Happ and Jeimer Candelario hit RBI singles with Cody Bellinger chipping in an RBI double. Swanson delivered an RBI double against his former team in the seventh to give the Cubs a 6-4 lead. After allowing a leadoff double in the ninth inning, Cubs right-hander Adbert Alzolay retired the next three hitters to earn his 14th save.
Persons: Josh Cassada, David Banks, Ian Happ, Jeimer Candelario, Cody Bellinger, Justin Steele, Ozzie Albies, Ronald Acuna Jr, Matt Olson, Olson, Charlie Morton, Acuna, Happ, Morton, Dansby Swanson, Jeimer, Michael Fulmer, Steele, Swanson, Adbert Alzolay Organizations: NASA, Chicago Cubs, Atlanta Braves, Wrigley, USA, Cubs, MLB, Braves, NL, Thomson Locations: Chicago , Illinois, USA, Chicago
The U.S. suffered their earliest elimination at the World Cup by far, having never failed to reach the semi-finals in all eight previous tournaments. We run it," twice World Cup winner Brandi Chastain said in a pre-World Cup promotion for the NWSL. Injuries undoubtedly made their World Cup mission tougher, with captain Becky Sauerbrunn and forward Mallory Swanson ruled out of the squad. Yet, the U.S. never looked like World Cup winners when the tournament kicked off. The World Cup exit leaves U.S. women's soccer at a cross-roads, and pondering a way out of the mire.
Persons: Megan Rapinoe, Asanka Brendon Ratnayake MELBOURNE, Jill Ellis, Vlatko, Megan Rapinoe's, Brandi Chastain, Rapinoe, Carli Lloyd, Becky Sauerbrunn, Mallory Swanson, Lloyd, Ian Ransom, Clare Fallon Organizations: Soccer Football, FIFA, World, peerless, Lyon, Women's Soccer League, Champions League, Loyal, Tokyo Olympics, England, debutantes, Thomson Locations: New Zealand, Sweden, United States, Melbourne, Australia, U.S, France, Netherlands, Europe, Spain, Germany, debutantes Portugal, Portugal
August 6 - The Boston Red Sox will try to put a bad day behind them and salvage the finale of a three-game series with the visiting Toronto Blue Jays on Sunday afternoon. Neither Red Sox manager Alex Cora nor Verdugo, who never got into the game, commented on the reason. The Red Sox won the first seven meetings with the Blue Jays this season and now have lost two straight to a team they are chasing for an American League wild-card spot. Bassitt has faced the Red Sox once in his career, in 2021, when he allowed two runs and three hits with 10 strikeouts in seven innings. The Red Sox are expected to start left-hander Brennan Bernardino (1-1, 2.72).
Persons: Alex Verdugo, Alex Cora, Verdugo, Reese McGuire, Cora, benching, wasn't, I've, Chris Bassitt, Bassitt, Brennan Bernardino, Bernardino, McGuire's, Erik Swanson, John Schneider, Kevin Kiermaier, Reese, Toronto's George Springer, Davis Schneider, Babe Schneider, Brandon Belt, we've, He's, It's Organizations: Boston Red Sox, Toronto Blue Jays, Red Sox, Blue Jays, Park, American League, Sox, Toronto, Triple, Thomson Locations: Toronto
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