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But the measures that Beijing’s economic planning agency announced this week proved to be an anticlimax — the trillions of yuan that observers were hoping would be revealed never materialized. Beijing might even miss its annual growth target of 5% — a figure it often surpassed prior to the pandemic. But while Chinese officials project confidence, the markets and the country’s public seem less convinced. Its broader financial lethargy and this week’s market turmoil will hardly be welcomed by Beijing. Costphoto / NurPhoto via Getty ImagesDomestic stimulus aside, there have been outward signs that China’s economy is in trouble.

Persons: Xi Jinping, Long Wei, ”, Keyu Jin, Trump, Joe Biden, isn’t, Fu, Miao Yuqing, Miao, Alicia Garcia, Herrero, what’s, Zheng Shanjie, Yue Su, ” Su Organizations: Beijing, Traders, Investors, CSI, Getty Images, London School of Economics, The, Communist Party, U.S, AFP, Getty, “, Asia Pacific, ”, National, Reform, Economist Intelligence Unit Locations: BEIJING, Shanghai, Hong Kong, China, Beijing, Hangzhou, Long, Lianyungang, Natixis, Guizhou province, Washington

☆ Why Roblox investors are shrugging off a blistering short-seller report
▼ + stars: | 2024-10-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Roblox stock closed at $41.60 on Friday, slightly above where it was earlier in the week when Hindenberg published its research. Related storiesIn the wake of the report, Wall Street and investors seemed to largely stick by the company. AdvertisementRoblox, which primarily makes its money from sales of online currency and items, has been working to grow its advertising business. The report could hinder Roblox's ad businessDespite Roblox's nearly immediate stock recovery and support from Wall Street, the report and related issues could have implications for Roblox's advertising business. Its ad business is barely a rounding error today, but Roblox is still not profitable, so it's trying hard to change that.

Persons: Hindenburg, —, Roblox, It's, Hindenberg, Piper Sandler, Ron Kerbs, Roblox's, Roblox isn't, Jeremy Goldman Organizations: SEC, Wall, Service, Hindenburg, Securities, Exchange, Wall Street, Wedbush Securities, WPP, New, Bloomberg Businessweek, Walmart, Warner Bros . Pictures, Facebook, YouTube Locations: Roblox

☆ Chinese finance minister hints at increasing the deficit at highly anticipated briefing
▼ + stars: | 2024-10-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China's Minister of Finance Lan Fo'an told reporters Saturday during a press briefing that the central government has room to increase debt and the deficit. Economists have said China needs additional fiscal support, but Beijing has yet to announce any. He did not name specific figures and noted supporting real estate required multiple policies. In a meeting in late September, led by Chinese President Xi Jinping, authorities had called for strengthening monetary and fiscal policy support. China's retail sales grew only modestly over the last few months, and the country's real estate slump has shown few signs of turning around.

Persons: Lan Fo'an, Zheng Shanjie, Pan Gongsheng, Finance Lan Fo'an, Lan, Finance Liao Min, Xi Jinping, Ting Lu Organizations: National Development, Reform Commission, People's Bank of China, National People's Congress, BEIJING —, Finance, Nomura, National Bureau, Statistics Locations: Beijing, China, BEIJING

☆ SpaceX gets green light for fifth Starship test flight
▼ + stars: | 2024-10-12 | by ( Jackie Wattles | ) edition.cnn.com time to read: +8 min

CNN —Federal regulators granted SpaceX its long-awaited license to move forward with a fifth uncrewed test launch of Starship, the most powerful rocket system ever constructed. The FAA had been expected to hand down a license for this test launch weeks ago. SpaceX has also publicly denied reports that the company violated wastewater regulations with the deluge system, which SpaceX says uses potable water. Notably, the company launched a 2020 test flight of a prototype rocket, called Starship SN8, without obtaining prior approval from the FAA for a public safety waiver. At one point in 2023, for example, he said that he did not blame the FAA for holding up Starship launches.

Persons: “, Artemis, Elon Musk, ”, Mike Whitaker, Whitaker, SpaceX’s, ” Whitaker, Patrick T, Fallon, SpaceX, didn’t, Biden, Donald Trump —, Whitaker “, ” Musk, Jose Luis Magana, Kevin Kiley, they’re Organizations: CNN, SpaceX, US Federal Aviation Administration, NASA, FAA, ”, Super, Getty, Texas Commission, Environmental, Environmental Protection Agency, Committee, Transportation, Aviation, US, Infrastructure, Republican Locations: Boca Chica , Texas, Texas, AFP, California

☆ China’s ‘New Great Wall’ Casts a Shadow on Nepal
▼ + stars: | 2024-10-12 | by ( ) www.nytimes.com time to read: +14 min

Hilsa Village NEPAL CHINA Area of detail CHINA Humla District NEPAL Kathmandu INDIA 75 miles NEPAL CHINA Hilsa Village CHINA Area of detail Humla District NEPAL Kathmandu INDIA 75 miles Source: OpenStreetMap, ESRI By Agnes ChangThe Nepalis have other complaints, too. “This is the new Great Wall of China,” said Jeevan Bahadur Shahi, the former provincial chief minister of the area. Without proper roads, it takes goat herders three days to cover the seven miles from Simikot, Nepal, to Humla. CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDERThe Chinese side used to be nearly as remote, the seclusion broken only by a flow of pilgrims to Mount Kailash, which is holy to four faiths. Just 20 miles away is the junction of China, Nepal and India.

Persons: Nepalis, Agnes Chang, Dalai Lama, ”, Jeevan Bahadur Shahi, Xi’s, Xi, Brian Hart, ” Mr, Hart, Arzu Rana Deuba, —, Saud, Saud’s, “, Mr, Deuba, Pan Yue, China “, Shahi, Lhamu Lama, Hilsa, Pema Wangmu Lama Organizations: Chinese Communist Party, Covid, China Power, Center for Strategic, International Studies, Liberation Army, U.S . Department of Defense, The New York Times, Nepali Home Ministry, The Times, Communist, Security, Guard, Times, National Ethnic Affairs, Nepali Locations: Tibet, Nepal, Nepal’s Humla District, China, Hilsa, NEPAL CHINA, CHINA Humla District NEPAL Kathmandu INDIA, NEPAL CHINA Hilsa, CHINA, Humla, NEPAL Kathmandu INDIA, ESRI, Nepali, Nepal’s Humla, Simikot, Beijing, Washington, Philippine, India, Humla District, N.P, Hulma, Kathmandu, Vietnam, People’s Republic of China, CHINA NEPAL CHINA, NEPAL, Mount Kailash, Xinjiang, Purang, ”, Bhutan, District

☆ He told his mother there was ‘no way’ he’d meet someone in Australia. Then he fell in love at first sight
▼ + stars: | 2024-10-11 | by ( Francesca Street | ) edition.cnn.com time to read: +27 min

“Then, later on, when we left, she was like, ‘Oh, so you like him,’” recalls Wati. “But a week later, we decided to get together on a Saturday, and we spent most of the day together,” recalls Mike. “He’d mail them to me in these little padded envelopes,” recalls Wati. “Eventually, I was able to figure out how to get some credit for doing a paper at Melbourne University in January 1989,” recalls Mike. “She would stay for about a month or a little bit more,” recalls Wati.

Persons: Mike Grossman, Mike “, Mike, ”, There’s, “, —, he’d, I’d, ” Mike, bode, Melbourne’s Monash, Wati, Yanti, Michael, nudging, ’ ”, Wati Grossman, ” Wati, Paul, Gauguin, Andrew Lloyd Webber, I’m, They’d, “ Wati, Khan ’ —, we’re, He’d, who’d, Wati’s, Boston, they’d, Wati —, Kevin Costner’s, we’d, it’s, Wati Grossman —, Levis Strauss, Alex, Talia, Mike’s, Grossman, We’ve, he’s, they’re, we’ve Organizations: CNN, CNN Travel, Harvard Law School, Melbourne’s, National Gallery of Victoria, Star Trek, “, Australian Broadcasting Commission, Facebook, “ Technology, Sony, Radio, Melbourne University, Wati, Washington DC, New, Melbourne Botanic Gardens, Harvard Memorial Church, Harvard Memorial, Fashion Institute of Technology, Levis Strauss and Company Locations: Australia, Melbourne, Boston, California, San Francisco, American, Indonesian Australian, Indonesia, “, Wati, Radio Australia, Christmastime, New York City, Washington, New York, Botanic, United States, Hotel, Sydney, Sydney “, Silicon Valley, In California

Florida communities grapple with destruction after Hurricane Milton. And Barack Obama talks about “real strength” at a rally for Kamala Harris. Florida embarks on road to recovery after MiltonAt least 16 people have been confirmed dead in Florida after tornadoes touched down and Hurricane Milton slammed into the state this week, leaving a trail of damage and devastation. Milton was the fifth hurricane to hit Florida’s barrier islands in two years, but steadfast residents say living there is worth the risk. More Hurricane Milton coverage:1 dead, 23 rescued after Colorado tourist mine malfunctionAt least one person is dead after an elevator equipment malfunction at a tourist mine in Colorado.

Persons: Hurricane Milton, Barack Obama, Kamala Harris, Milton, ” Fort Myers Beach Mayor Dan Allers, Kathleen Mine, Fisher, Price, Price Snuga, Richard Trumka Jr, “, ”, Obama, Trump, Harris, I’ve, Tim Walz, Read, ➡️ Harris, Howard Stern, Joy Behar, Stephen Colbert, Harris sidestepped, Joe Biden, ➡️, ➡️ Trump, Russian Vladimir Putin, Putin, Angela Alsobrooks, Larry Hogan, — Richie Duchon, Elizabeth Robinson Organizations: Hurricane, The Clearwater Police Department, Coast Guard, ”, ” Fort Myers, ” Fort Myers Beach Mayor, Tampa International, Disney, Universal Studios, Hurricane Milton, U.S . Consumer Product Safety, Fisher, Minnesota Gov, ➡️, Univision, White, Trump, Republican, NBC, Getty, Hurricanes Locations: Florida, Hurricane, Clearwater, Gulf of Mexico, ” Fort, ” Fort Myers Beach, Sarasota, Orlando, Colorado, Teller County, Denver, Pittsburgh, North Carolina, Detroit, Russian, York, Maryland

☆ 2 dead after a hydrogen sulfide leak at a Houston-area Pemex facility
▼ + stars: | 2024-10-11 | by ( Claire Cardona | ) www.nbcnews.com time to read: +1 min

Two people died and more than two dozen were treated Thursday when a chemical leaked at a Houston-area industrial plant, officials said. A hydrogen sulfide leak was reported Thursday evening at a Pemex facility in the Houston suburb of Deer Park, the city said. Harris County Sheriff Ed Gonzalez said workers were working on a flange when there was a leak of the chemical. A shelter-in-place order was issued shortly after 7 p.m. local time "out of precaution," and Deer Park asked nearby residents to stay inside and close doors and windows. The facility is co-located at a Shell refinery site, according to the Texas Commission on Environmental Quality, which said it was aware of the incident.

Persons: Harris County Sheriff Ed Gonzalez, ” Gonzalez, Pemex Organizations: Harris County Sheriff, NBC News, Houston, Television, Texas Commission, Environmental Locations: Houston, Deer, Harris County

A view from the surroundings of damaged Al-Awda Hospital after Israeli attacks, in Beit Lahia, Gaza on May 18. Mousa Salem/Anadolu Agency/Getty ImagesA United Nations inquiry has accused Israel of carrying out a “concerted policy” of destroying the health care system in Gaza during its year-long conflict with Hamas in attacks it said amount to war crimes. The Israeli attacks resulted in “fuel, food, water, medicines and medical supplies not reaching hospitals, while also drastically reducing permits for patients to leave the territory for medical treatment,” it said. Israel has released footage they say is evidence of those Hamas operations. The commission previously alleged that both Israel and Hamas committed war crimes in the early stages of the Gaza war, and that Israel’s actions also amounted to crimes against humanity.

Persons: Mousa, Israel, “, Pillay, Israel “, Hind Rajab Organizations: Awda, Anadolu Agency, UN’s Independent International Commission of, CNN, Israel Defense Forces, Office, Hamas, IDF, UN, Human Rights, Israeli Army’s 162nd, Assembly Locations: Beit Lahia, Gaza, Mousa Salem, Nations, Palestinian, East Jerusalem, Israel

☆ Investors should take China ‘very seriously,’ fund manager says, naming a stock to start with
▼ + stars: | 2024-10-11 | by ( Nicole Teo | ) www.cnbc.com time to read: +4 min

With all eyes on China right now, one fund manager is bullish on the country regardless of any "bazooka" stimulus measures, saying investors should be getting involved. Starting on Sept. 24, China announced a string of stimulus measures aimed at boosting China's economy . Stephen Roach, for example, former chief economist at Morgan Stanley, warned investors against being too swept up in the China market rally . 'Starting point' For those looking to invest in China, Glass said a good "starting point" was Midea Group , which makes appliances and industrial robots. Analysts' average price target is 4.49 Hong Kong dollars, which gives the stock almost 30% potential downside from its current price around 6.40 Hong Kong dollars.

Persons: Steven Glass, Glass, hasn't, CNBC's, Stephen Roach, Morgan Stanley, Midea Organizations: Sydney, Pella Funds, Investors, National Development, CSI, HSBC, Generations Fund, Midea Group, China Equity, Hong, Garden Services Holdings Locations: China, Pella, Hong Kong, Shenzhen, U.S, Hong

☆ What internet data brokers have on you — and how you can start to get it back
▼ + stars: | 2024-10-11 | by ( Barbara Booth | ) www.cnbc.com time to read: +17 min

Inside data brokers' massive vaultCybersecurity experts estimate that data brokers collect an average of 1,000 data points on each individual with an online presence. Little oversight around data privacyThe lack of comprehensive regulation around data privacy allows data brokers to operate with little oversight, unlike the General Data Protection Regulation (GDPR) in the European Union. Opt-out links and instructions are readily available for most of the major data brokers: ExperianTransUnionLexisNexisEpsilon But data privacy experts says reclaiming or deleting your data from brokers can be a deliberately complex process that is not only time-consuming but frustrating. "With AI, data brokers will create even more detailed and predictive profiles, incorporating everything from biometric data to behavioral tracking," Abed said. Until regulation steps in, data brokers will continue to collect as much data as possible.

Persons: Pew, Arjun Bhatnagar, Roger Grimes, Jeff Chester, Chester, I'm, Bruno Kurtic, Chris Henderson, Chelsea Magnant, Rob Hughes, Kurtic, Cloaked's Bhatnagar, Henderson, Javad Abed, Abed Organizations: Pew Research, Social, LexisNexis, Epsilon, OneRep, Center for Digital Democracy, D.C, Bedrock Security, National Security Agency, CNBC, Data Protection, European Union, NYU's Center for Global Affairs, Brunswick, RSA, U.S, Consumers, Consumer, Engage, Federal Trade Commission, FTC, Johns Hopkins Carey Business School Locations: Washington, California, U.S, Chester

☆ Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more
▼ + stars: | 2024-10-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Third-quarter adjusted earnings were $1.52 per share, topping the $1.28 per share expected from analysts polled by LSEG. JPMorgan Chase – Shares jumped 4.7% after JPMorgan, the biggest American bank, posted third-quarter results that beat estimates for profit and revenue. BlackRock – Shares climbed 2.8% after the asset manager beat analysts' third-quarter expectations on the top and bottom lines. Bank of New York Mellon – The bank stock dropped 1%, even after the company issued a stronger-than-expected quarterly report. Analysts surveyed by LSEG were expecting $1.42 in earnings per share on $4.54 billion of revenue.

Persons: Morgan Stanley, Wells Fargo, JPMorgan Chase, Walmex –, Fastenal, FactSet, Wells, Warren Buffett's Berkshire Hathaway, Buffett, Natalie Knight, Doug Ostermann, Stellantis, Carlos Tavares, who's, LSEG, Kinder Morgan, Ferrari, BNY, —, Alex Harring, Lisa Kailai Han, Pia Singh, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: San, LSEG, JPMorgan, JPMorgan Chase –, Walmart, Apple Pay, Bank of America, Securities and Exchange Commission, Finance, BlackRock, of, Bank of New York Mellon Locations: San Francisco, LSEG .

☆ China’s ‘whatever it takes’ moment? Investors hope for hundreds of billions in new stimulus
▼ + stars: | 2024-10-11 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

China's Ministry of Finance, pictured here in Beijing in 2021, is refunding taxes and cutting fees to support economic growth. China's Finance Minister Lan Fo'an is set to hold a press conference at 10 a.m. on Saturday local time on "intensifying" fiscal stimulus policies, the country's State Council Information Office said. Authorities are likely to affirm that at the press conference on Saturday, Zhao said. At the time, Chinese major indexes began to rally, surging over 25% as investors cheered on the slate of stimulus measures. Lan Fo'an, China's Minister of Finance, attends a press conference during the second session of the 14th National People's Congress (NPC) in Beijing on March 6, 2024.

Persons: Cong, Lan Fo'an, NDRC, Zheng Shanjie, Chen Zhao, CNBC's, Zhao, Chetan Ahya, Morgan Stanley, Wang Zhao Organizations: of Finance, Bloomberg, Getty, China's Finance, Beijing, Investors, National Development, Reform, Authorities, China's Ministry, Finance, China's, National People's Congress, Afp Locations: Beijing, country's, Shanghai, Asia

☆ China economy: Beijing will ‘significantly’ increase spending
▼ + stars: | 2024-10-11 | by ( ) edition.cnn.com time to read: +4 min

Beijing Reuters —China will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. “There is still relatively big room for China to issue debt,” he said. Reuters reported last month that China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of fresh fiscal stimulus. Separately, Bloomberg News reported that China is also considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the economy, primarily by issuing new sovereign bonds. Swedish furniture retailer Ikea, whose 39 stores in China have felt the spillovers from the property crisis, urged Beijing on Thursday to deploy further stimulus.

Persons: Lan Foan, ”, Zheng Shanjie, “, Lan Organizations: Beijing Reuters, Finance, National Development, Reform Commission, Communist Party’s, Reuters, Bloomberg News, Local, Investment, Ikea Locations: Beijing, China, China’s, Swedish

☆ OpenAI's AI-adjusted earnings numbers have echoes of Groupon and WeWork
▼ + stars: | 2024-10-11 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

Is it OK for an AI company to exclude the cost of training its AI models when it reports earnings? Related storiesFor an AI company like OpenAI, training models will be an ongoing process. The world is constantly evolving, and new data is being generated, which will have to be incorporated into AI models' understanding. Let's call it "AI adjusted earnings" for an AI company. They are a private company," McKenna said.

Persons: we've, Francine McKenna, McKenna, OpenAI, It's, Groupon, WeWork Organizations: Google, Facebook, MarketWatch, Revenue, Big Tech, KPMG Consulting, SAP, Oracle, Securities, Exchange Commission, SEC Locations: It's

☆ UN inquiry accuses Israel of ‘crime of extermination’ through deliberate destruction of Gaza’s health care system
▼ + stars: | 2024-10-11 | by ( Niamh Kennedy | Muhammad Darwish | ) edition.cnn.com time to read: +4 min

CNN —A United Nations inquiry has accused Israel of carrying out a “concerted policy” of destroying the health care system in Gaza during its year-long conflict with Hamas in attacks it said amount to war crimes. Israel’s actions in the besieged Palestinian enclave “constitute the war crimes of willful killing and mistreatment and the crime against humanity of extermination,” the commission said in a statement Thursday. The Israeli foreign ministry rejected “accusations of widespread ill-treatment and torture of detainees,” saying Israel is “fully committed to international legal standards” on treatment of detainees. “Children in particular have borne the brunt of these attacks, suffering both directly and indirectly from the collapse of the health system,” she said. The commission previously alleged that both Israel and Hamas committed war crimes in the early stages of the Gaza war, and that Israel’s actions also amounted to crimes against humanity.

Persons: Israel, “, Pillay, Israel “, Hind Rajab Organizations: CNN, United, UN’s Independent International Commission of, Hamas, UN, Human Rights, Israeli Army’s 162nd, Assembly Locations: United Nations, Gaza, Palestinian, East Jerusalem, Israel, Jihad

☆ Pharmacy deserts are appearing across U.S. as drug stores closures spread
▼ + stars: | 2024-10-11 | by ( Kevin Williams | ) www.cnbc.com time to read: +12 min

"As long as the big three PBMs go unchecked, more pharmacy deserts will appear," Rochol said. Between 2023 and 2024, independent pharmacies in the CVS Caremark pharmacy network were reimbursed 67.5% higher on average than CVS Pharmacy locations, and 51.9% higher than other chain pharmacies in the state. The CVS spokesman also said that CVS pharmacies are not all serviced by Caremark, working with over 70 different PBMs. "There are unfortunately many factors for pharmacy closures in rural areas, including population declines and the growing use of online pharmacies." But Banas believes the pharmacy deserts will only grow, and lead to an increase the number of apps and digitization.

Persons: Rochol, Miranda Rochol, Health —, —, Joyce Dingman, wasn't, Nickerson, David Nickerson, Tim Wentworth, Greg Lopes, Steven C, Anderson, Colin Banas, Banas, it's, Tamera Hughes, Hughes, Rob Anderson Organizations: FTC, Health, Federal Trade Commission, Aids, Rite Aid, CVS, Walgreens, Cigna, Walgreens Boots, CVS Pharmacy, Caremark, Pharmaceutical Care Management Association, National Community Pharmacists, National Association of Chain Drug, U.S, Congress, Amazon, University's, of Pharmacy, Pharmacists, Aid Locations: United States, PBMs, New Lebanon, Ohio, Dayton, New Lebanon's, Rust, New Lebanon , Ohio, Georgia, NACDS

☆ China is trying to give investors the one major thing missing from its economic stimulus blitz
▼ + stars: | 2024-10-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China is expected to announce extra fiscal policy support on Saturday. The lack of consumer support in China's last stimulus package disappointed investors. According to a Bloomberg survey, most analysts expect authorities to pledge $283 billion of fiscal stimulus at Saturday's highly anticipated press conference. Chinese authorities followed up by announcing Saturday's press conference, which promised to introduce new measures centered on fiscal policy. Some analysts remain less sure about what fiscal stimulus will actually achieve on its own, pointing out that Beijing needs to pursue structural reforms to revive consumer confidence.

Persons: —, Lan Fo'an, China's, Mark Williams, Stephen Roach, Arthur Kroeber, Gavekal Organizations: Bloomberg, Service, Finance, Analysts, CSI, Reform Commission, Capital Economics, Asia, Financial Times Locations: China, Beijing, Yale

☆ Fisher-Price recalling 2 million infant swings following five deaths
▼ + stars: | 2024-10-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Fisher-Price is recalling more than 2 million infant Snuga Swings due to a suffocation risk found after reports that five children died sleeping in the device. Fisher-Price is providing a $25 refund to owners who remove those parts, which is available to access on Mattel’s website. Despite that remedy, Richard Trumka Jr., a commissioner of the CPSC, blasted Fisher-Price for not recalling the whole product and said customers should be fully refunded. Fisher-Price has previously recalled other infant swings, including its problem-prone Rock ‘n Play Sleepers. That device was involved in two recalls, including last year when eight infant deaths occurred after its initial 2019 recall.

Persons: New York CNN — Fisher, Price, Snuga, Richard Trumka Jr, Fisher, “, ”, Mattel didn’t Organizations: New, New York CNN, US Consumer Product Safety, American Academy of Pediatrics, Retailers, Target, Walmart, Sam’s, People Locations: New York, United States, Canada, Mexico

He called on Fisher-Price to recall the entire product and reimburse customers for the full cost: around $160. In the last five years, Fisher-Price has recalled several infant products due to safety concerns. Eight more infant deaths followed, prompting Fisher-Price to issue a reminder to consumers last year about the recall. In total, the company has received reports of at least 100 infant deaths linked to the Rock ‘n Play. Then, in 2022, Fisher-Price warned consumers that 13 infant deaths had been linked to its Infant-to-Toddler Rockers and Newborn-to-Toddler Rockers.

Persons: Fisher, Price, Snuga, Richard Trumka Jr, don’t, “, ” Trumka, ” Organizations: U.S . Consumer Product Safety, Fisher, Mattel, NBC, Walmart, Target Locations: U.S, Canada, Mexico

☆ Chechnya’s Kadyrov threatens 'blood feud,' accuses Russian MPs of plotting his murder, state media reports
▼ + stars: | 2024-10-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Chechen leader Ramzan Kadyrov has accused Russian lawmakers from neighboring regions of attempting to commission his assassination, and threatened them with a “blood feud” unless they prove otherwise, state news agency TASS reported. TASS cited Chechen-language comments by Kadyrov, a close ally of Russian President Vladimir Putin, to a meeting of Chechen security officials. In Chechnya, blood feuds are a traditional custom of extracting revenge by killing an enemy or his male relatives. Russian President Vladimir Putin and Ramzan Kadyrov visit a special forces training center in Chechnya. Putin has given Kadyrov wide latitude to run Chechnya as his personal fiefdom in return for maintaining stability in the region.

Persons: Ramzan Kadyrov, Kadyrov, Vladimir Putin, ”, Vyacheslav Prokofyev, Putin Organizations: Ingushetia —, Getty Locations: Dagestan, Ingushetia, Chechnya, AFP, Chechen, Russian, Ukraine

☆ Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. The move brings his holdings down to 775 million shares, or a stake of about 9.987%. Since the holding is now under the key 10% threshold, Berkshire is no longer required to report its related transactions in a timely manner. The next 13F filing in mid-November will only reveal Berkshire's equity holdings as of the end of September. Bank of America CEO Brian Moynihan previously said the market is absorbing the stock, aided by the bank's own repurchasing.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, Buffett, Omaha's, Brian Moynihan, Goldman Sachs, Wells, It's, digitalization, fintech Organizations: Berkshire, Bank of America, U.S . Securities, Exchange Commission, SEC, JPMorgan, U.S . Bancorp Locations: Omaha , Nebraska, Bank, Berkshire, Wells Fargo, U.S

The best Amazon Prime Day leaf blower dealsGreenworks 2400702 24V Leaf Blower $89.99 The push-button start, light weight, and hassle-free operation of the Greenworks 2400702 24V Leaf Blower make it a great choice for small jobs you want done quickly. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at AmazonHusqvarna Leaf Blaster 350iB Cordless Leaf Blower $251.75 $379.00 Save 34% Leaf Blaster 350iB sounds like the name of a retro video game. View at AmazonWorx WG520 Electric Leaf Blower $52.14 $79.99 Save 35% This affordable leaf blower has two speeds and a targeted nozzle attachment to concentrate the wind speeds, which can go up to 110 mph.

Persons: Decker Organizations: Business, Amazon Prime

☆ China economy: Stock markets’ holiday optimism doesn’t spread to Chinese shoppers
▼ + stars: | 2024-10-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Global investors went wild during China’s just-concluded Golden Week holiday by snapping up “everything” related to the country. But that optimism didn’t extend to shoppers and travelers in the world’s second-largest economy itself. “Low tourism spending per head and subdued services prices highlighted still weak domestic demand and continued consumption downgrading,” they said. Goldman Sachs added that anecdotal evidence indicates hotel prices and airfares during the holiday were lower than year-ago levels. According to official data, cross-border travel rose by about 26% to 13 million trips, compared with last year’s holiday period.

Persons: Goldman Sachs, ”, Xi Jinping, David Tepper Organizations: Hong Kong CNN — Global, Citi, Management, CNBC, Hong, National Development, Reform Commission, Ministry of Finance Locations: China, Hong Kong, Shanghai, Shenzhen

☆ Hedge funds do an about-face on the China trade, selling stocks in record numbers
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. The net selling was 1.4 times larger than the previous record, Goldman said. "As NDRC underwhelmed, hedge funds rapidly sold off Chinese equities," Goldman strategists said in a note to clients on Wednesday. "Hedge funds not only unwound their long positions but added shorts to their books as well, with long sells being double the amount of short sells." Hedge funds had only just piled into the developing market at a record pace one week before , as Beijing's rare stimulus blitz unleashed newfound optimism.

Persons: Goldman Sachs, Goldman, David Tepper, Mehran Nakhjavani Organizations: National Development, Appaloosa Management, CNBC, China's CSI, MRB Partners Locations: China

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