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ICBC's U.S. unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next week. The cyberattack sent ripples through the U.S. Treasuries market, where ICBC acts as a broker for hedge funds and other market participants, helping them trade in the securities. The Chinese parent then injected capital into the U.S. unit, allowing it to settle the trades and pay back BNY Mellon, the sources said. They also told market participants about the capital injection but did not disclose the amount or the reason for it, the sources said. SIFMA, the trade group, organized calls for market participants with updates, the sources said.

Persons: Tingshu Wang, BNY Mellon, ransomware, ICBC, SIFMA, Janet Yellen, Lifeng, Scott Skyrm, Jack McIntyre, Harry Robertson, James Pearson, Naomi Rovinick, Yoruk, Davide Barbuscia, Chris Prentice, Mike Derby, Carolina Mandl, Laura Matthews, Paritosh, Zeba, Megan Davies, Dhara Ranasinghe, Alexander Smith, Richard Chang, Anna Driver Organizations: Asset Management, Fair for Trade, Services, REUTERS, Commercial Bank of China, U.S ., ICBC Financial Services, Securities Industry, Financial Markets Association, ICBC, Treasury, China, U.S, New York Federal Reserve, Securities, Depository Trust, Clearing Corp, Thomson Locations: Beijing, China, ICBC's U.S, U.S, San Francisco, Treasuries, Hong Kong, Shanghai, London, Amsterdam, Carolina, New York

☆ How I got my job as Twitch streamer Kai Cenat's assistant thanks to an Instagram DM — and a zebra
▼ + stars: | 2023-11-08 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +9 min

Brianna Lewis, 28, works as a personal assistant to top Twitch streamer Kai Cenat. AdvertisementAdvertisementThis as-told-to essay is based on a transcribed interview with 28-year-old Brianna Lewis, who is an assistant to Twitch streamer Kai Cenat. But I was never presented the right opportunity until late 2021, when a family member sent me Kai Cenat's Instagram story. Kai is a Twitch streamer and YouTube creator with millions of subscribers across multiple platforms. You can kind of gauge when they're going to need you, and what exactly they're going to need — probably before even they realize that they need it.

Persons: Brianna Lewis, Lewis, DMing, —, I've, Kai Cenat's, Kai, I'm, It's, we've, Drake, Kai Cenat Organizations: Service, Instagram DMs, YouTube Locations: Instagram, Georgia, Charlotte , North Carolina, Atlanta

☆ 18-year-old got hired as a Google engineer—his dad shares his No. 1 parenting rule: I take a 'hands off approach'
▼ + stars: | 2023-11-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Stanley Zhong isn't your typical 18-year-old. In stepped Google, which offered Zhong a job as an L4 software engineer, one rung above entry level. And while the offer may have been surprising, especially considering the job title, one person says he wasn't shocked: Stanley's father, Nan Zhong. "And along the way, he gave me enough shocks that I was no longer shocked [when he got the Google job]. And that led to his Google job," Nan says.

Persons: Stanley Zhong, Zhong, wasn't, Nan Zhong, I've, Nan, He's, —, Stanley, that's, Henry M, Nan Zhong Nan, Nan didn't, Richard Wiseman Organizations: Gunn High School, MIT, Stanford, Google, University of Texas, CNBC, Washington State Championship, Amazon Web Services, Amazon AWS, University of Hertfordshire Locations: Palo Alto , California

☆ As shutdown looms, US House Republicans search for stopgap solution
▼ + stars: | 2023-11-07 | by ( David Morgan | ) www.reuters.com time to read: +4 min

House Speaker Mike Johnson, the top Republican in Congress, described the closed-door debate as "positive." House Republicans are focused on passing full-year appropriations bills for transportation, housing, urban development and financial services. The chamber has passed seven partisan Republican bills of the 12 spending measures needed. "What we need is bipartisan solutions," Representative Pete Aguilar, chair of the House Democratic conference, told reporters. Another option on the House Republican table would be to negotiate with the Democratic-led Senate on a "clean" CR that can pass both chambers quickly.

Persons: Mike Johnson, Nathan Howard, Everybody's, Brian Babin, Johnson, Dusty Johnson, Pete Aguilar, Eli Crane, Crane, Mike Garcia, David Morgan, Scott Malone, Stephen Coates, Leslie Adler Organizations: Republican, U.S, Capitol, REUTERS, Rights, . House, Democratic, Republicans, Democrats, Internal Revenue Service, House Democratic, Social Security, Thomson Locations: Washington , U.S, Israel, Ukraine, Mexico

☆ What went wrong with WeWork – and what's going to happen to your WeWork office
▼ + stars: | 2023-11-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

WeWork filed for Chapter 11 bankruptcy protection on Monday. AdvertisementAdvertisementWeWork, the company synonymous with coworking that was once valued at $47 billion, filed for Chapter 11 bankruptcy on Monday night. The main thing to note about WeWork's bankruptcy filing is it's Chapter 11, rather than Chapter 7 which would involve liquidation. AdvertisementAdvertisement"They need to raise capital, and they need to rightsize their real estate portfolio — negotiating more favorable lease terms, rejecting lease terms," said Sarah Foss, global head of legal at Debtwire. It will depend on how profitable each lease is, and what renegotiating terms WeWork is offered by landlords.

Persons: WeWork, —, Adam Neumann, Tim Hynes, David Tolley, Sarah Foss, Foss, Hynes, X0GgcZMUHO, Chris Person, it's, There's, there's Organizations: Service, Colliers Locations: Manhattan

☆ BlackRock is jumping into one of the hottest sectors on Wall Street
▼ + stars: | 2023-11-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at a Wall Street giant jumping into one of the hottest sectors in finance. Similarly, a Google Brain cofounder said Big Tech companies are lying about AI risks to shut down competition. It's the latest example of how Big Tech can wreak havoc on smaller players overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, Julia Nikhinson, Arantza Pena Popo, BlackRock, Larry Fink, Insider's Rebecca Ungarino, Rebecca, It's, Blackstone, BlackRock's Larry Fink, Spencer Platt, Aaron Schwartz, that's, Charlie Munger isn't, Warren Buffett's, it's, Tyler Le, Ksenia Yudina, Gen Z's, Gen, Vegas Wendy Lee, Wendy Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Street, KKR, Getty, Greenwich Economic, Xinhua, Federal Reserve, Big Tech, Market, Sin City Locations: Greenwich, Vegas, Las Vegas, Sin, New York City, San Diego, London, New York

☆ Q&A: White House AI advisor says US is 'catching up' to the tech, as Biden's new executive order demands transparency for the world's biggest AI models
▼ + stars: | 2023-10-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +9 min

President Biden just signed an executive order regarding the development and use of AI technology. The broad executive order touches on more than a dozen possible uses of AI and generative AI that already are, or could in the future, directly impact people's lives. The size threshold is so high that currently most available models do not meet the criteria for further transparency called for in Biden's executive order. Although all of the major tech companies earlier this year agreed to adhere to standards of responsibility and training in their AI work. Do you think AI is in a hype cycle, and everybody's overreacting to what it's going to mean?

Persons: Biden, Ben Buchanan, —, Buchanan, Andrew Bosworth, We're, everybody's, Ben, Kali Hays Organizations: Service, White, Office of Science, Technology, Monday, Meta, Google, Microsoft, National Institute of Standards, Biden White House, Department of Commerce . Technology, Atomic Energy, Defense, EO Locations: United States, khays@insider.com

A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. Gasoline stocks (USOILG=ECI) rose by about 160,000 barrels in the week to 223.5 million barrels, the EIA said, compared with expectations for a 900,000-barrel drop. "It will reverse the gasoline crack," Yawger said, referring to the profit oil refiners can make producing gasoline from crude. U.S. crude futures last traded at just over $83 per barrel, while Brent crude futures was around $87.50 a barrel. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) rose by 213,000 barrels in the last week, EIA said.

Persons: Bing Guan, Bob Yawger, Yawger, Stephanie Kelly, Laura Sanicola, Marguerita Choy Organizations: REUTERS, Energy Information Administration, EIA, Mizuho, Brent, Cushing, Net, Thomson Locations: West, Iraan , Texas, U.S, Oklahoma

[1/3] French President Emmanuel Macron, left, shakes hands with Israel's President Isaac Herzog in Jerusalem, Tuesday, Oct. 24, 2023. ... Acquire Licensing Rights Read moreSummary Macron visits IsraelProposes that anti-Islamic State coalition fights HamasGives no details on planJERUSALEM, Oct 24 (Reuters) - French President Emmanuel Macron proposed on Tuesday that an international coalition fighting against Islamic State in Iraq and Syria be widened to include the fight against the Palestinian militant group Hamas in Gaza. Macron gave no detail on how the U.S.-led coalition of dozens of countries, of which Israel is not a member, could be involved. Macron, who warned against the risks of a regional conflict, also said the fight against Hamas "must be without mercy but not without rules". The French president, who met families of French victims at Tel Aviv airport, said freeing nine French hostages was a priority for France.

Persons: Emmanuel Macron, Isaac Herzog, Israel, Macron, Benjamin Netanyahu, it's, Mahmoud Abbas, Karim Emile Bitar, Tassilo Hummel, Michael Georgy, Michel Rose, Ingrid Melander, Kevin Liffey, Mike Harrison, Robert Birsel Organizations: Islamic, Palestinian, Hamas, Israeli, Daesh, France, West Bank, IRIS, Thomson Locations: Jerusalem, Israel, Gaza, JERUSALEM, Islamic State, Iraq, Syria, U.S, France, Daesh, Tel Aviv, Jordan's, Amman, Ramallah, Beirut, Paris

☆ An entrepreneur who bought a tennis center for $40,000 in 2010 has done seven-figures in revenue in 2023 after barely surviving the pandemic. He shares 3 keys to running a successful small business.
▼ + stars: | 2023-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

They leased the real estate — a single tennis court with an attached 330-square-foot pro shop — and bought the business. Pickleball, a different racket sport that is played on a smaller court with a smaller paddle and a wiffleball. His goal was to "build the best pickleball shop in the country," he said. To give yourself some time back as an entrepreneur, you have to hire good staff, which is exactly what Neeter did. Pickleball is played on a smaller court with a smaller paddle and a wiffleball.

Persons: Jon Neeter, Neeter, there's, he's, pickleball, I'd, everybody's, Pickleball, Jon Neeter Rather, You'll Organizations: Santa Monica Pickleball Center, Santa Monica Tennis Center, Santa Locations: Santa Monica , California, California, America, Southern California, Los Angeles

☆ Israeli army spokesman says next phase of war may be different from expectations
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Palestinians search for casualties under the rubble of a building destroyed by Israeli strikes in Khan Younis in the southern Gaza Strip, October 17, 2023. REUTERS/Mohammed Salem Acquire Licensing RightsJERUSALEM, Oct 17 (Reuters) - The Israeli military is getting ready for the next phase of its campaign against the Gaza Strip but plans may not conform to widespread expectations of an imminent ground offensive, an army spokesperson said on Tuesday. Everybody's talking about the ground offensive. It might be something different," Lt Colonel Richard Hecht told a regular briefing with reporters. Reporting by James Mackenzie; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Khan Younis, Mohammed Salem, haven't, Richard Hecht, James Mackenzie, Alison Williams Organizations: REUTERS, Rights, Thomson Locations: Gaza

☆ Israel-Hamas war live updates: Israeli military says next step might not be ground incursion; UN warns against forcible transfers
▼ + stars: | 2023-10-17 | by ( Ruxandra Iordache Natasha Turak | Ruxandra Iordache | Natasha Turak | ) www.cnbc.com time to read: +1 min

The Israeli military has signalled that the next steps of its campaign against Palestinian militant group Hamas need not be a long anticipated ground incursion. The siege, which human rights groups have criticized for breaking humanitarian law, comes in response to a brutal terrorist attack by Hamas on Oct. 7. The death toll from the conflict so far has risen to at least 1,400 people killed in Israel and more than 2,700 people killed in Gaza. The Israeli government says that Hamas is holding at least 199 hostages kidnapped from Israel. Israel's Gaza evacuation order could amount to a crime of "forcible transfer" in breach of international law, according to a spokesperson for the U.N. human rights office.

Persons: haven't Organizations: Palestinian Locations: Israel, Gaza

☆ Prosecutors say Sam Bankman-Fried got shady doctor to prescribe Adderall as judge denies greater access to pills during trial
▼ + stars: | 2023-10-16 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried's defense attorneys say he doesn't have enough Adderall. Before the trial began, they had written to the judge asking for "uninterrupted access" to the drug. AdvertisementAdvertisementProsecutors in Sam Bankman-Fried's trial raise concerns about the former cryptocurrency mogul's repeated requests for more Adderall during his criminal trial, claiming in court Monday that his doctor "has engaged in some suspect practices." AdvertisementAdvertisementBut, as Bankman-Fried's attorneys revisited their medicinal complaint in court on Monday, the prosecution accused them of using a sham doctor who overprescribes to patients. When Bankman-Fried's lawyers suggested stopping the trial until then, Kaplan refused.

Persons: Sam Bankman, SBF, —, mogul's, Danielle Sassoon, Lewis Kaplan, overprescribes, Sassoon, Mark Cohen, Fried, Cohen, Kaplan, hasn't Organizations: Service, US, Bureau of Prisons, Metropolitan Detention Center, Marshalls, Federal Bureau of Prisons Locations: Brooklyn

☆ Tech workers trying to live longer are turning to buzzy peptide treatments
▼ + stars: | 2023-10-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Peptide anti-aging treatments are surging in popularity with tech workers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementSilicon Valley biohackers are turning to more than just cold plunges, intermittent fasting, and rigorous exercise plans to stay smart and live longer. One of the hottest longevity trends among tech workers these days are peptide treatments which include pills, injections, and topical creams that can enhance performance, improve skin elasticity, increase libido, and even fight against diseases. Huberman noted that some of the most popular peptide treatments for health and fitness right now — among men and women — are ones that release human growth hormone like Sermorelin, Tesamorelin, and Ipamorelin.

Persons: Andrew Huberman, —, Huberman, Lorraine McCarthy, McCarthy, They're, Jeff Tang, Tang — Organizations: Service, NextGen Health, NexGen Health, Blue Phoenix, Wall Street Locations: San Jose , California, Medellìn, Colombia

☆ I worked as an engineer on merchant vessels and my ship was held hostage by pirates for 8 months. I still cherish my career at sea.
▼ + stars: | 2023-10-13 | by ( Hannah Towey | ) www.businessinsider.com time to read: +14 min

Chirag Bahri worked as an engineer on merchant vessels during a nearly decade-long career at sea. In 2010, his chemical tanker was held hostage by pirates for eight months. I had just joined the crew and I really needed to be on the ship to earn money. I was in the engine room when I got the call that pirates had boarded the ship. I still cherish the time I spent working onboard ships and I would encourage people to look at seafaring as a very positive, rewarding profession.

Persons: Bahri, —, Marguerite, Farah Abdi Warsameh, I'm, Bahri's, Dharmesh Gohil, Sattish Bate, Chirag Bahri, Dierk Lindemann, there's Organizations: Service, Chirag Bahri, International, International Seafarers Welfare, Assistance, Regional, South, Maritime, Google, International Maritime Bureau, AP, Hindustan Times, Getty, Asphalt Venture, Chirag Locations: South Asia, India, Belgium, Aden, Asia, East, Europe, Somalia, English, al, Shabab, South Somalia, Salalah, Chirag

☆ Regional banks are in focus in the week ahead as third-quarter earnings season ramps up
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.

Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, —, Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington

WASHINGTON, Oct 4 (Reuters) - The race to replace ousted House Speaker Kevin McCarthy took shape on Wednesday as Steve Scalise, the chamber's No. 2 Republican, and Jim Jordan, a leading antagonist of Democratic President Joe Biden, said they would seek the post. "Everybody's just taking a breath and in listening mode, without any serious commitments," said Republican Representative Dan Crenshaw. The last Republican speaker, Paul Ryan, retired from Congress after struggling to work with Trump, a fellow Republican. The entire House - Republicans and Democrats - vote for speaker, who would hold the position until early January 2025, unless they were deposed as well.

Persons: Kevin McCarthy, Steve Scalise, Jim Jordan, Joe Biden, McCarthy, Jordan, Biden, Donald Trump, Scalise, Kevin Hern, Patrick McHenry, Everybody's, Dan Crenshaw, Paul Ryan, John Boehner, Matt Gaetz, Garret Graves, Gaetz, Hakeem Jeffries, David Morgan, Moira Warburton, Richard Cowan, Andy Sullivan, Scott Malone, Cynthia Osterman, Howard Goller Organizations: Democratic, Republicans, Committee, Trump, U.S . House, Representatives, Texas Republican House, U.S, Republican, Congress, Democrats, Thomson

A calmer tone set in later on Wednesday, with bond yields retreating. In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped as much as 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and many asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . , ,World stocks (.MIWD00000PUS) hit their lowest since April on Wednesday, and the cost of insuring exposure to a basket of European corporate junk bonds hit a five-month high, according to data from S&P Global Market Intelligence.

Persons: Bond, Juan Valenzuela, Artemis, Kevin McCarthy, Jason Lee, Michael Metcalfe, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli, Chiara Elisei, Marc Jones, Andy Bruce, Kim Coghill, Toby Chopra Organizations: bund, U.S . Treasury, Federal Reserve, Reuters, ADP, U.S . House, Congress, Hong, REUTERS, Street Global Markets, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Treasuries, British, U.S, Hong Kong, London

In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . In a further sign of investor nervousness, the closely-watched MOVE bond volatility index is at a four-month high. (.MOVE)Rise in global yields beyond 10yr average levels Rise in global yields beyond 10yr average levelsRIPPLESGovernment borrowing costs influence everything from mortgage rates for homeowners to loan rates for companies.

Persons: Jason Lee, Bond, Juan Valenzuela, Artemis, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli Chiara Elisei, Andy Bruce, Kim Coghill, Toby Chopra Organizations: Hong, REUTERS, U.S . Treasury, Federal Reserve, Reuters, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Hong Kong, Treasuries, British

☆ Instant View: World's biggest bond markets hit by wave of selling, then bounce
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +4 min

Jordanian Dinar, Yuan, Dollar, Canadian Dollar, Pound and Riyals banknotes are seen in this picture illustration taken June 13, 2017. JP Morgan analyst Sin Beng Ong in a note on the pressure it was putting on emerging Asia markets. RICHARD MCGUIRE, HEAD OF RATES STRATEGY, RABOBANK, LONDON:“The markets reflect effectively flying blind because the models don't work, everybody's been calling for a recession that just simply refuses to arrive. "Our view is that the U.S. economy slows into next year... so from that perspective, at some point, we expect it (bond market selloff) to normalise." (Compiled by the Global Finance & Markets Breaking News team)Our Standards: The Thomson Reuters Trust Principles.

Persons: Yuan, Dado Ruvic, BENG ONG, JP Morgan, Sin Beng Ong, RICHARD MCGUIRE, everybody's, you've, VIKRAM AGGARWAL, ” JUAN VALENZUELA, ARTEMIS, ”, ” NICK NELSON Organizations: REUTERS, OF, JPMORGAN, RABOBANK, LONDON, Federal Reserve, Global Finance, Markets, Thomson Locations: Treasuries, ASIA, SINGAPORE, Asia, U.S

☆ Inside the consulting industry's race to become AI rainmakers
▼ + stars: | 2023-10-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

Big consulting companies are racing to add to their offerings around artificial intelligence. That's the bet consulting companies have been making as they rush to build out their generative AI offerings. To help companies figure out how to use AI, the consulting giants are racing to scoop up companies that specialize in the technology. Consulting firms' push to bulk up on AI comes as many workers are worried that AI bots will snatch their jobs . That same month, Deloitte introduced a set of services called Quartz AI to help clients use technology like GenAI.

Persons: —, they're, OpenAI's ChatGPT, They're, Sawhney, ChatGPT, Steve Chase, he's, Chase, EY EY, EY, PwC PwC, PwC, Shannon Schuyler, Bain, BCG Organizations: Service, Accenture, McKinsey, PriceWaterhouseCoopers, Northwestern University's Kellogg School of Management, Deloitte, LinkedIn, Fortune, KPMG, Microsoft, KPMG US, Bain Bain & Company, Boston Consulting, OpenAI, Deloitte Deloitte, Nvidia, QuantumBlack, QuantumBlack Labs Locations: Mexico

☆ Wall Street Journal overseas teams are taking a hit as Hong Kong is trimmed and insiders brace for more cuts
▼ + stars: | 2023-10-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Emma Tucker's Wall Street Journal laid off staff in its Hong Kong bureau, and three company insiders said they were bracing for more cuts in the newsroom. The Hong Kong layoffs affected seven editors on a desk that puts finishing touches on stories before they're published, two sources said. People with direct knowledge said they believed the company was looking to save money by shifting the work to other offices. The Hong Kong cuts came shortly after Tucker revealed in September her plan to revive the newsroom with an "audience-first" model, which has fueled speculation that a reorg could be on the way. Hong Kong is the latest example of cuts to the storied newsroom that have dribbled out over the past few months, in keeping with the Journal's practice of trimming small numbers of people.

Persons: Emma Tucker's, they're, Tucker, Rupert, Karen Pensiero, Neal Lipschutz, Jason Anders, Matthew Rose, She's, it's Organizations: Journal, Hong Kong, Rupert Murdoch's News Corp, Sunday Times Locations: Hong Kong, London, Hong

☆ US-China relations are 'on the brink of red lines' but war is still unlikely, says hedge fund legend Ray Dalio
▼ + stars: | 2023-10-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Hedge fund legend Ray Dalio said US-China relations are "on the brink of red lines." Even so, Dalio said he doesn't think a war between the US and China is likely. AdvertisementAdvertisementThe US and China relationship is "on the brink of red lines" — but war is unlikely, said hedge fund legend Ray Dalio at the Greenwich Economic Forum on Tuesday, according to a Bloomberg recording. That's the equivalent of declaration of war," said Dalio, who is the founder of hedge fund giant Bridgewater Associates. Dalio stepped down as Bridgewater's co-CIO in October last year but was involved in setting up the hedge fund's first onshore China fund in 2018.

Persons: Ray Dalio, Dalio, — Organizations: Service, Greenwich Economic, Bloomberg, Bridgewater Associates, Bridgewater's Locations: China, Taiwan, Greenwich, United States

☆ Dalio says China-US relations are 'on the brink of red lines'
▼ + stars: | 2023-10-03 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Ray Dalio, Bridgewater's Co-Chairman and Co-Chief Investment Officer speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsGREENWICH, Connecticut, Oct 3 (Reuters) - Ray Dalio, founder of hedge fund Bridgewater Associates, said on Tuesday that the relationship between China and the United States is "on the brink of red lines," although he does not see a war on the way. "U.S.-China relationship relations are in a number of areas on the brink of red lines," he told the audience of investors, adding that a war is unlikely. A China enthusiast and investor, Dalio has helped Bridgewater build a relevant hedge fund in the world's second-biggest economy. Reporting by Carolina Mandl in Greenwich, Connecticut Editing by William Maclean and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ray Dalio, Bridgewater's, Brendan McDermid, Dalio, Carolina Mandl, William Maclean, Matthew Lewis Organizations: REUTERS, Rights, Bridgewater Associates, Greenwich Economic, Bridgewater, Federal, Carolina, Thomson Locations: New York City, U.S, Rights GREENWICH , Connecticut, China, United States, Greenwich, Taiwan, Washington, Beijing, Greenwich , Connecticut

☆ Dalio Says China-US Relations Are 'On the Brink of Red Lines'
▼ + stars: | 2023-10-03 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Carolina MandlGREENWICH, Connecticut (Reuters) - Ray Dalio, founder of hedge fund Bridgewater Associates, said on Tuesday that the relationship between China and the United States is "on the brink of red lines," although he does not see a war on the way. Speaking at the Greenwich Economic Forum, Dalio said that there are irreconcilable differences between the world's two biggest economies, citing as examples the independence of Taiwan, the battle for chips and geopolitics. "U.S.-China relationship relations are in a number of areas on the brink of red lines," he told the audience of investors, adding that a war is unlikely. A China enthusiast and investor, Dalio has helped Bridgewater build a relevant hedge fund in the world's second-biggest economy. Relations between Washington and Beijing have been under increasing strain over spying allegations, human rights, China's industrial policies and U.S. export bans on advanced technologies.

Persons: Ray Dalio, Dalio, Carolina Mandl, William Maclean, Matthew Lewis Organizations: Bridgewater Associates, Greenwich Economic, Bridgewater, Federal, Carolina Locations: Carolina Mandl GREENWICH , Connecticut, China, United States, Greenwich, Taiwan, U.S, Washington, Beijing, Greenwich , Connecticut

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