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☆ U.S. military downs second high-altitude 'object' near Alaska
▼ + stars: | 2023-02-10 | 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 EmailU.S. military downs second high-altitude 'object' near AlaskaCNBC's Dominic Chu reports another high-altitude object has been downed near Alaska.

☆ Malaysia Q4 GDP up 7% on year earlier, above forecast
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: 1 min

KUALA LUMPUR, Feb 10 (Reuters) - Malaysia's economy in the fourth quarter grew 7% from a year earlier on continued expansion in domestic demand and resilient demand for electrical and electronics goods, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus said on Friday. Gross domestic product (GDP) for all of 2022 had been 8.7% higher than in 2021, she said. Economists polled by Reuters had expected the central bank to report October-December GDP 6.6% higher than in the same period of 2021, slowing from the 14.2% annual growth seen in the third quarter. Reporting by Rozanna Latiff and Mei Mei Chu; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ Why inflation is breaking hearts this Valentine's Day
▼ + stars: | 2023-02-09 | 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 EmailWhy inflation is breaking hearts this Valentine's DayCNBC's Dom Chu joins 'Power Lunch' to breakdown inflationary data associated with Valentine's Day shopping.

Following are some of the guests expected to attend:* Brandon Tsay: Tsay was called a hero by authorities for disarming a gunman who shot dead 11 people during a celebration of the Lunar New Year in Monterey Park, California. The White House called it a "recognition of sustained U.S. support for Ukraine nearly a year after Russia launched its unprovoked attack." * The White House has also invited Paul Pelosi, husband of former U.S. House Speaker Nancy Pelosi. "The attack reportedly was politically motivated, with the intruder's alleged intent to harm and kidnap the former Speaker," the White House said. The United States completed the withdrawal of its forces from Afghanistan in August 2021 after a 20-year war.

☆ Microsoft announces new AI-powered Bing homepage
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft announces new AI-powered Bing homepageCNBC's Jennifer Elias, Kate Rooney and Dominic Chu join 'The Exchange' to report on the highlights from Microsoft's artificial intelligence event.

Forty-seven pro-democracy figures in Hong Kong have been accused of a conspiracy to commit subversion in a landmark political case. Benny Tai, 58, was a professor of law at the University of Hong Kong. Pro-democracy primary Pro-democracy candidates held a primary vote ahead of the upcoming Legislative Council election. The 47 defendants helped organize or participated in this event. New election rules announced China announced new rules for Hong Kong elections, limiting candidates to only those deemed loyal to Beijing.

☆ Factbox: Biden State of the Union guests include Monterey Park hero, ex-Afghan diplomat
▼ + stars: | 2023-02-04 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

[1/2] Brandon Tsay displays the Metal of Courage award he received for stopping the Monterey Park shooter, at a Lunar New Year ceremony in Alhambra, California, U.S., January 29, 2023. Following are some of the guests expected to attend:* Brandon Tsay: Tsay was called a hero by authorities for disarming a gunman who shot dead 11 people during a celebration of the Lunar New Year in Monterey Park, California. * The mother of Tyre Nichols, RowVaughn Wells, and his stepfather, Rodney Wells: Nichols, a Black motorist, died after being beaten by police following a Jan. 7 traffic stop. * Former Afghan Ambassador to the United States, Roya Rahmani: Rahmani was Afghanistan's first female ambassador to the United States, serving in the post from December 2018 until July 2021. The United States completed the withdrawal of its forces from Afghanistan in August 2021 after a 20-year war.

☆ Ukraine is using Palantir's software for 'targeting,' CEO says
▼ + stars: | 2023-02-02 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

Its software helps Ukraine target, for instance, tanks and artillery, a Palantir spokesperson said. The company, whose co-founders include Karp and investor Peter Thiel, has opened an office in Ukraine. "There are huge ethical issues on the battlefield," he said at an event Palantir hosted in Palo Alto. Japan is a "very high priority" market for Palantir including in defense, another Palantir official, Kevin Kawasaki, said in an interview. Reporting by Jeffrey Dastin in Palo Alto, Calif.; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ I built a 655-square-foot tiny home in the backyard of my San Diego rental property and rake in $2,500 a month renting it to a college water-polo team
▼ + stars: | 2023-02-01 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

He has an investment property in San Diego and recently built an accessory dwelling unit on the lawn. It's about 15 minutes from the campus of the University of California, San Diego. 7 members of UCSD's women's water-polo team live on the propertyHalf of the University of California, San Diego's water-polo team lives on Chu's property. The state made the right move allowing for ADUs, but it's still hard to get cities like San Diego on boardSan Diego. In San Diego, near UCSD, people want to live there, and density needs to be allowed for it to happen.

☆ Tyre Nichols' parents and man who disarmed Monterey Park gunman invited to Biden's State of the Union
▼ + stars: | 2023-01-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +4 min

The parents of Tyre Nichols and the man who disarmed the suspected Monterey Park shooter have been invited to attend President Joe Biden’s State of the Union address Feb. 7. The brutal beating of Nichols by Memphis police and the mass shooting at a dance hall in Monterey Park, California, this month have renewed calls for policing and gun control measures. But only an hour after she spoke with Tsay, the president himself asked Tsay to be his guest, Chu said. TODAYThe president spoke with Nichols’ parents and Tsay in the wake of the tragedies. Biden called Tsay last week to thank him for his act of courage in disarming the Monterey Park shooter.

DANA POINT, Calif. — Ronna McDaniel won re-election to a fourth term as Republican National Committee chairwoman on Friday, besting insurgent challenger Harmeet Dhillon in a secret ballot vote at the party’s annual winter meeting. Publicly, roughly 30 RNC members had committed to Dhillon ahead of the ballot. Harmeet Dhillon at her office in San Francisco in 2017. Anda Chu / MediaNews Group / Bay Area News via Getty Images fileEven with McDaniel in place as the next chair, many RNC members say they expect tensions to remain. All of us who are supporting Harmeet are not going away.”The RNC also approved a package of nine resolutions on Friday in a voice vote.

☆ In leaked memo, Shopify CEO Tobi Lütke announces CTO departure and other engineering shakeups
▼ + stars: | 2023-01-27 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Shopify CTO Allan Leinwand is leaving the company, CEO Tobi Lütke announced on Friday. Shopify CTO Allan Leinwand is set to depart the Canadian e-commerce company after 15 months in the role. In addition to his job as CEO, Lütke has also performed the tasks of chief product officer since Craig Miller departed Shopify in September 2020. Today Allan Leinwand shared that he will be saying goodbye to Shopify in the coming weeks. With Allan's departure, I'm retiring the CTO jersey.

☆ CNBC's experts analyze growing layoffs in the tech industry
▼ + stars: | 2023-01-26 | 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 EmailCNBC's experts analyze growing layoffs in the tech industryCNBC's Steve Kovach, Jon Fortt and Dom Chu join 'Power Lunch to discuss the over-hiring practices that contributed to tech layoffs.

☆ Shopify laid off 2 engineering VPs earlier in January as fears of more layoffs circulate
▼ + stars: | 2023-01-26 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Shopify laid off at least two engineering vice presidents earlier in January. Shopify laid off at least two high-ranking engineering leaders this month, according to people familiar with the matter. The two employees were VP of Infrastructure Mike Lents and VP of Engineering Ravi Byakod. A Shopify spokesperson confirmed the departures. Shopify laid off about 10% of its workforce, which included more than 1,000 people, in July 2022.

☆ Daniel Dae Kim says success of ‘Crazy Rich Asians’ has inadvertently hampered Asian-led films
▼ + stars: | 2023-01-25 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +2 min

The blockbuster hit “Crazy Rich Asians” has raised unrealistic expectations for other Asian-led film projects, the actor Daniel Dae Kim said this week at a panel discussion at the Sundance Film Festival. “One of the collateral damage effects of ‘Crazy Rich Asians’ was that everyone wanted to do more Asian projects as long as they were just ‘Crazy Rich Asians,’” Kim said at the Variety-sponsored panel. “If you had a project that spoke to something other than people being super rich and super wealthy and super happy, then they weren’t interested," he said. Inclusive storytelling shouldn't just be "a category or a checkbox and say, ‘We have our Asian project, we have our Black project, and so we’re good. In 2022, it was announced that a sequel to “Crazy Rich Asians” was officially underway.

WASHINGTON — Vice President Kamala Harris is planning to travel to her home state of California following a spate of mass shootings there that have left at least 19 people dead in the last several days. "Then on top of that, we see what’s happened in California, and what’s happened to the Asian American community has been devastating," he said. "The vice president is going to be going out," Biden said, without providing any details about her trip. Biden said he's been speaking with a number of California Democrats, including Gov. The president also mentioned that on Monday, a group of Senate Democrats, including California's Dianne Feinstein, reintroduced legislation to ban assault weapons.

☆ Live updates: Suspect in shooting at dance hall near Los Angeles is dead, sheriff says
▼ + stars: | 2023-01-23 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +33 min

Share this -Link copiedAlhambra officials release statement on Monterey Park shooting Alhambra officials released a statement on the Monterey Park shooting early Sunday evening. Officials also acknowledged the shooting that occurred in the city after the Monterey Park shooting. Share this -Link copiedPolice release pictures to identify Monterey Park shooting suspect The Los Angeles County Sheriff's Department has released pictures seeking to identify the Monterey Park shooting suspect. Law enforcement has connected him to the Monterey Park shooting and a shooting minutes later in Alhambra. Patrons of the Alhambra dance hall wrestled a firearm away from a man about 20 minutes after the Monterey Park shooting.

☆ Live updates: Possible suspect in mass shooting at dance hall near Los Angeles is found dead, sources say
▼ + stars: | 2023-01-22 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +31 min

☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
▼ + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +21 min

Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.

To secure egg supplies as prices rose to record highs, Malaysia's Minister of Agriculture and Food Security Mohamad Sabu visited Namakkal, in the southern Indian state of Tamil Nadu, where several leading hatcheries are based. India shipped 5 million eggs to Malaysia in December, and will ship 10 million in January and up to 15 million in February, according Kumar. The imports from India have helped Malaysia bring prices down from the record highs seen in late December. Having suffered a shortfall of 157 million eggs in November, the market gap was down to just one million in December, the Malaysian minister said in a statement earlier this week. Meantime, prices in India have shot up to a record 565 rupees ($6.96) per 100 eggs.

☆ Growing tensions between Asian palm oil producers and the European Union
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +3 min

Here is a timeline of the rising tensions between the Asian palm oil producers and the EU over the matter. JUNE 14, 2017EU negotiators agree to phase out the use of palm oil in transport fuels from 2030. APRIL 16, 2018British supermarket chain Iceland says it would remove palm oil from its own-brand food products due to concerns over rainforest destruction. MARCH 13, 2019The European Commission concludes that palm oil cultivation results in excessive deforestation and the use of harmful biofuel feedstocks, including palm oil, should be capped until 2023 and phased out by 2030. JAN 9, 2023Indonesian and Malaysia agree to work together and strengthen cooperation to fight discrimination against palm oil.

The removal of inbound quarantine prompted a surge in demand for plane tickets in countries like Singapore which have large communities of overseas Chinese. “China remained closed off after Singapore reopened, so to go back, people needed to do PCR tests, undergo quarantine, and prices of flight tickets skyrocketed. Chu said she had missed her parents, her 83-year-old father and 78-year-old mother, and worried about their failing health. Her biggest wish was to spend as much time with them as possible when she goes back this time. “I haven’t seen them for three years, and they both got COVID, and are quite old.

☆ The Week Ahead: World Economic Forum opens in Davos, Switzerland
▼ + stars: | 2023-01-13 | 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 EmailThe Week Ahead: World Economic Forum opens in Davos, SwitzerlandCNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.

Indonesia, producer of more than half of global palm oil supplies, also tightened trade rules this year, allowing exporters to ship just six times their domestic palm oil sales volume, less than a fourth-quarter 2022 ratio of eight times. "Indonesian palm oil export definitely will drop, as output will decline, domestic consumption will increase," Fadhil Hasan, an Indonesian Palm Oil Association (GAPKI) official, told Reuters. Indonesia produced 51.3 million tonnes of palm oil in 2022 and exported 33.7 million tonnes, GAPKI estimated. In 2023, palm oil output is expected at 50.82 million tonnes and exports at 26.42 million tonnes, it said. "But India's strong demand for palm oil will continue as it is still the cheapest edible oil."

☆ Apple's Cook takes 40% pay cut
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's Cook takes 40% pay cutCNBC's Dominic Chu and Steve Kovach join 'Power Lunch' to discuss CEO pay and why Apple's Tim Cook volunteered to take a pay cut.

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