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Kaitlin Sonday, 25, Lincoln, Nebraska Works mainly in the beauty section at Target, making $16.50 an hour. Even so, Sonday, 25, of Lincoln, Nebraska, prefers retail to a job that would put her animal science degree to use. And if retail works for you, that’s OK, too. Kaitlin Sonday, Lincoln, Neb. “And if retail works for you, that’s OK, too.

Persons: Kaitlin Sonday, she’s, “ It’s, ”, Sonday isn’t, Sonday, “, ” Sonday, Brian Harper, Tibaldo, Italy —, don’t Organizations: Target, MIT, Brands, Hyundai, University of Nebraska Locations: Lincoln , Nebraska, Lincoln’s Lancaster County, NeighborWorks, Lancaster County, Lincoln, Neb, ZipRecruiter, Italy, Lincoln County

☆ Putin tells Russians there's no reason to panic as the ruble sinks, but analysts say its economy is in trouble
▼ + stars: | 2024-11-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The Russian currency hit its lowest level against the dollar since March 2022 this week. The Russian currency traded at 114 to the dollar on Wednesday, its weakest level since March 2022, shortly after the Ukraine invasion began. AdvertisementA Wednesday headline in the state newspaper Rossiyskaya Gazeta read, "Panic attack for Russia's currency market." Other countries, such as India, have snapped up Russian oil instead, tempering the impact of price caps and other penalties. The collapse of Russia's Ruble (black) is a reminder how badly the EU failed on Russia.

Persons: Vladimir Putin, Putin, Gazeta, Russia Robin Brooks, XbOwqiABRd — Robin Brooks, George Pavel, Brent, Kathleen Brooks, Brooks, Trump Organizations: Analysts, RIA Novosti, Kommersant, Brookings Institution, EU, Russia Locations: Russia, Russian, Ukraine, Russia's, India

☆ Tired of Chicago winters, this Gen Xer retired at 46 and moved to Bangkok. It cut his monthly spending by half.
▼ + stars: | 2024-11-29 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

AdvertisementIn 2018, at 46, Chris retired and left Chicago for Bangkok. He enjoys the affordability of living in Bangkok and how easy it is to make friends. As he soaked in the pool of his Airbnb in Bangkok, Chris wondered, "How can I make this my home permanently?" Describing his lifestyle as "semi-luxury," Chris said he'd increased his budget year after year to adjust to his changing circumstances. ChrisFor Chris, being able to live any type of lifestyle is his favorite part of living in the city.

Persons: Chris, he'd, —, feverishly, He'd, pickleball, it's, Chris isn't, John Walker, Chiang Mai, It's, Jeffrey Odgen, who's, he's Organizations: Thai, for Community, Economic Research, World Bank Locations: Chicago, Bangkok, Illinois, Asia, Thailand, Hong Kong, Japan, Thonglor, Australia, Hua Hin

☆ China is on edge after Trump's talk of tariffs
▼ + stars: | 2024-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementOn Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump's tariff threats, calling them ineffective and unjustified. "The excuse the president-elect has given to justify his threat of additional tariffs on imports from China is farfetched," wrote China Daily in a Tuesday editorial. AdvertisementMarkets are muted as investors wait and seeGlobal markets were jolted following Trump's post on Truth Social on Monday, but the effects have been felt mostly in foreign exchange. Global firms and Chinese manufacturers have already been diversifying their operations to manage concentration risks following Trump's first term and the COVID-19 pandemic.

Persons: Donald Trump, Trump, he'd, George Saravelos, Goldman Sachs, Wu Zhiqiang, Young Liu, Al Jazeera Organizations: Global, Deutsche Bank, Shenzhen Lingke Technology, Nikkei Asia, Apple, Macquarie Locations: China, Beijing, United States, Shenzhen, Thailand, India, Vietnam, Taipei, Al, Southeast Asia, Africa, China's

☆ How China Became the World’s Largest Car Exporter
▼ + stars: | 2024-11-29 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com time to read: +11 min

How China Became the World’s Largest Car ExporterChina 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 Source: Alix Partners Note: 2024 values are estimated. Domestic sales 20 Exports 0 2010 2015 2020 2024 Production capacity 40 million cars Car production capacity has risen faster than sales. Mr. Wen gave him essentially a blank check to make China the world’s leader in electric cars. Last year, most of the cars China sold abroad were traditional gasoline engine cars. China has more than 100 factories with a combined capacity to build close to 40 million internal combustion engine cars a year.

Persons: Alix, Donald J, Trump, Wen Jiabao, Wen, Carmakers Organizations: China, Japan Mexico Germany South, Alix Partners, European Union, China’s, Communist Party, Wan, Audi, America, UNITED STATES, BRAZIL, UBS, China Volkswagen, Volkswagen Locations: China, Japan Mexico Germany, Japan Mexico Germany South Korea, States, United States, Asia, Thailand, Philippines, Germany, Europe, Southeast Asia, Shanghai, Russia, Ukraine, Latin America, TURKEY, India, Brazil, Turkey, U.S

☆ Trump voters could fuel holiday spending, while Harris supporters may pull back
▼ + stars: | 2024-11-29 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In a world where sentiment drives purchasing decisions, these differences in opinion could shape how much people end up spending this holiday season. "It's very hard being a millennial and having to worry about buying a house, affording groceries, rent, all that stuff. Meanwhile, Trump voter Armando Duarte, a 62-year-old retired utility worker from Fort Lee, New Jersey, told CNBC he's feeling a lot better about the holiday shopping season since Trump won. In GOP-won states, shipping volumes increased by 50.4% after the election, while Democrat-won states saw volumes decrease by an average of 11.2%. Only two blue states — Illinois and Minnesota — saw shipping volumes increase after the election, while all others saw rates fall.

Persons: Donald Trump, Kamala Harris, Harris, Amanda Davila, I'm, Davila, Trump, Armando Duarte, Duarte, Jobs, Meir Statman, University's Organizations: CNBC, Trump, Santa, University's Leavey School of Business, Shipping, GOP, Democrat Locations: Texas , Michigan , New Jersey , New York , Connecticut, North Carolina, Virginia, New York City, Fort Lee , New Jersey, — Illinois, Minnesota

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ Why airlines are all-in on new single-aisle planes for transatlantic flights
▼ + stars: | 2024-11-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

New single-aisle planes offer cost efficiency, smaller capacity, and flexible cabins. This evolution has been largely propelled by the Airbus A321neo family, smaller planes that can flyer further than previous single-aisle aircraft. In 2024, 39,000 flights between North America and Europe are scheduled on single-aisle planes made by Boeing and Airbus, according to data from Cirium, an aviation analytics company. AdvertisementAirbus is pioneering this narrow-body shiftSuch a focus on single-aisle planes that can tackle long flights has been a boon for Airbus. Plus, single-aisle flying allows for quicker boarding and deplaning, which may be welcome time-savings for some customers — especially during tight layovers.

Persons: A321XLR, Patrick Quayle, Widebodies Organizations: Boeing, Airbus, JetBlue, United Airlines, Newark Liberty, WOW, Boston, Tap Air, Aer Lingus, Delta Air Lines, Wizz Air, Compagnie Locations: North America, Europe, That's, New York, Malaga, Spain, Chicago, Shannon, Ireland, Iberia, Madrid, Tap Air Portugal, Los Angeles, Hungarian, Boston

☆ Is the vibecession about to end?
▼ + stars: | 2024-11-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Optimism surged post-2016 election, with small businesses planning to hire more employees. Yes, that's a portmanteau of vibes and expansion, and it's the upbeat version of its better-known cousin, the vibecession. Advertisement"Small business owners lean Republican," said Oliver Allen, a senior US economist at Pantheon Macroeconomics, in a November 12 note. Goldman Sachs"After Donald Trump was elected the 45th President in November 2016, the National Federation of Independent Businesses (NFIB) small business optimism index skyrocketed. "We expect an improving small business operating environment will boost the sentiment and spending of SMBs in 2025 and lift the earnings and valuation of stocks with revenues tied to that spending."

Persons: Kyla Scanlon, National Bureau of Economic Research hasn't, there's, Donald Trump's, Oliver Allen, Goldman Sachs, Donald Trump, David Kostin, they're, Daniel Zhao, Louis, Zhao Organizations: National Bureau of Economic Research, Pantheon, National Federation of Independent Businesses, Chief US, Economics, Workers, Glassdoor, Louis Fed Locations: St

The tariffs would be a significant escalation of Trump’s previous proposal, which was already a major increase on more targeted tariffs enacted during Trump’s first administration and kept in place by President Joe Biden. Canada is similarly considering its own options, including possible tariffs on U.S. goods, according to The Associated Press. America’s biggest import from Canada is oil — and any increase in energy prices would likely be felt throughout the economy. And in her statement reacting to Trump’s posts, Mexico’s Sheinbaum stated caravans of migrants were no longer reaching the border. And now he’s talking about tariffs to punish Mexico and Canada for not enforcing drugs and migrants across the border.

Persons: Donald Trump, Trump, Trump’s, Joe Biden, Claudia Sheinbaum, ” Ernie Tedeschi, Biden, Corie Barry, “, ” Barry, ”, Kayleigh McEnany, Dan Crenshaw, doesn’t, Steve Forbes, Mexico’s Sheinbaum, Douglas Irwin, mingles, you’re, ” Irwin Organizations: Yale, NBC News, Associated Press, America’s, Canada —, NBC, National Retail Federation, ”, Trump, ” Fox News, Fox News, Centers for Disease Control, U.S . Drug, Administration, U.S . Customs, Border Patrol, Dartmouth University Locations: Mexico, Canada, U.S, China, Texas

It was awful.”Palm Springs Section 14 neighborhood residents and descendants at United Methodist Church in Palm Springs on April 16, 2023. Because of racial covenants in the 1940, it was among the few places Black and Latino residents could live in Palm Springs. Devers’ mother told her the pressures from redlining and racism led her father to alcohol. She finally landed a place about 15 miles north of Palm Springs in a man’s hunting trailer that had no bathroom or kitchen. Courtesy Lawrence WilliamsMcFarland, Williams’ mother, is 101 and lives with him in Mississippi.

Persons: Gloria Holland’s, ”, “, Monday, ” Holland, Damian Dovarganes, Lisa Middleton, “ It’s, Areva Martin, Martin, hadn’t, Taya Gray, Holland, general’s, Pearl Devers, ” Devers, Lucille Ball, Devers, Lawrence Williams, Williams, Lucille McFarland, ” Williams, Lawrence Williams McFarland, She’s, Pearl, ‘, ” Martin Organizations: United Methodist Church, 14, Palm, Palm Springs City, City, Areva, Council, ”, USA, Agua Caliente, Residents Locations: Palm Springs , California, ” Holland, Atlanta, Holland, Hollywood, Springs, Palm Springs, California, Agua, Columbia , Mississippi, Mississippi

☆ U.S. stocks too expensive? Morningstar's top exec reveals where he's investing instead
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigns supreme among investors. However, one market watcher considers U.S. stocks to be expensive and is now seeking opportunities in cheaper markets with what he sees as better risk-adjusted returns. "Many large U.S. stocks appear to be expensive and consequently are offering lower future returns," Morningstar analysts wrote in a 2025 outlook report. 'Attractive pockets' Going forward, Morningstar's top executive is optimistic on markets like Japan and China which present "attractive pockets" of opportunity. 'Pockets of undervaluation' Over in Japan, Kapoor likes that the market offers "pockets of undervaluation."

Persons: Kunal Kapoor, I'm, Kapoor, Morningstar, Warren Buffett Organizations: CNBC Pro, Morningstar, China Holdings, Tokyo Stock Exchange, Nippon ISA Locations: U.S, Japan, China

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

CNN —Mexican President Claudia Sheinbaum denied proposing to US President-elect Donald Trump that Mexico will close its border with the United States as he claimed in a post on Truth Social. She has agreed to stop Migration through Mexico, and into the United States, effectively closing our Southern Border. We also talked about what can be done to stop the massive drug inflow into the United States, and also, U.S. consumption of these drugs. It was a very productive conversation!” Trump posted on Truth Social. In his comments Wednesday, Trump did not say whether he would stand by the pledge or anything Sheinbaum had said addressed his concerns.

Persons: Claudia Sheinbaum, Donald Trump, ” Sheinbaum, ” Sheinbaum’s, Trump, “, Claudia Sheinbaum Pardo, ” Trump, Sheinbaum, Biden, Joe Biden, “ rethinks, ” Biden, Justin Trudeau, Trudeau, Liu Pengyu, ” Liu, CNN’s Sol Amaya, David Goldman, Betsy Klein, Paula Newton Organizations: CNN, Trump, Mexico, Canadian, Embassy, United States Locations: Mexico, United States, Canada, China, America, Canadian, United

☆ US economy could face higher inflation and slower growth when Trump takes office, 'Dr. Doom' economist Nouriel Roubini says
▼ + stars: | 2024-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementNouriel Roubini thinks higher inflation and slower growth are coming on the back of Trump's policies. "Some of the economic policies may lead to higher economic growth," Roubini said, pointing to Trump's push to loosen regulation and slash the corporate tax rate. "But unfortunately, many of the other policies have the implication of higher inflation and lower economic growth." AdvertisementOther forecasters have also warned of the potential for higher inflation in Trump's second term. Trump, though, has repeatedly disputed the idea that his policies are inflationary and said he would lower prices for Americans.

Persons: Roubini, Roubini —, Doom, —, Trump, Taylor Rogers Organizations: Bloomberg, Social Security, Committee, Federal, Deutsche Bank, Trump, White, Republican National Committee Locations: stoke, Mexico, Canada, China

☆ Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo
▼ + stars: | 2024-11-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementDonald Trump said he'd put in place 25% tariffs on Mexican and Canadian imports upon taking office. This would push up prices for US-assembled cars by an average of $2,100, according to Wells Fargo. President-elect Donald Trump's proposed tariffs on Mexico and Canada would drive up the price of cars assembled in the US by an average of $2,100, according to estimates made by analysts at Wells Fargo. "Autos are stuck in the middle of Trump's geopolitics," the analysts said in a note on Wednesday, per Fortune. AdvertisementHowever, he said doing so may be more difficult than Trump expects due to massive US investments in Mexico.

Persons: Donald Trump, he'd, Donald Trump's, Trump, Wells Fargo, Wells, Claudia Sheinbaum Pardo, Sheinbaum, Colin Lewis, Marcelo Ebrard Organizations: —, Motors, Ford Motor Company, Ford, London School of Economics, Trump, Ebrard, ~$ $ Locations: Wells Fargo, Mexico, Canada

☆ Neom is a '50-plus-year plan,' says Saudi Arabia's finance minister
▼ + stars: | 2024-11-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Neom is one element, and its finance minister said the project is a "very long-term program." Saudi Arabia's finance minister has described the kingdom's ambitious Neom project as a "very long-term program" and returns should not be expected in the coming years. AdvertisementSaudi Arabia forecast a $26.8 billion deficit for 2025, or about 2.3% of GDP, in its Budget statement on Tuesday. The Saudi economy has contracted in recent years as the changes take place and global oil prices have declined. NeomIn 2022, Saudi Arabia was the fastest-growing G20 economy, according to the IMF.

Persons: Mohammed Al Aljaadan, Neom, Aljaadan Organizations: Reuters, IMF, Saudi Locations: Saudi Arabia, Neom, Saudi, Yemen, Saudi's

☆ China’s EV price war is so brutal that BYD is trying to pinch its suppliers
▼ + stars: | 2024-11-28 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

“In 2025, while there will be great opportunities in the EV market, market competition will also become more intense, entering a decisive battle and knockout rounds,” he wrote. “Annual price negotiations with suppliers are a common practice in the car industry,” he wrote. It is not mandatory, and everyone can negotiate.”For 15 years, China’s car market has been the world’s biggest. “This means the price war … is really stressing the system,” he said. BYD is China’s top carmaker, commanding 16.2% of the overall vehicle market in the first 10 months of the year, according to the China Passenger Car Association.

Persons: Hong Kong CNN —, Zhiqi, ”, “, Li Yunfei, Tesla, It’s, Bill Russo, “ BYD, Tu, Le Organizations: Hong Kong CNN, “, CNN, Weibo, ”, SAIC Motor, European Union, Trump, Tu Le, Ford, General Motors, China Passenger Car Association, EV Locations: China, Hong Kong, Shenzhen, BYD, Shanghai, Weibo, Chongqing

☆ Asia markets set to open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
▼ + stars: | 2024-11-28 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Asia-Pacific markets were poised to open mixed after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis, accelerating from 2.1% in September. The Bank of Korea is expected to hold its benchmark rate unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. Hong Kong's Hang Seng index futures were at 19,618, higher than the HSI's last close of 19,603.13.

Organizations: Wall, Reuters, Bank of, Nikkei Locations: Seoul, Asia, Pacific, Bank of Korea, Chicago, Osaka

☆ DOGE: How far could Elon Musk and Vivek Ramaswamy go to cut federal regulations?
▼ + stars: | 2024-11-28 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

CNN —Elon Musk and Vivek Ramaswamy intend to lean on two recent Supreme Court rulings that they argue will make it easier to tear up a multitude of federal regulations. However, multiple legal and regulatory experts told CNN that Musk and Ramaswamy are misinterpreting the decisions, which could actually make it harder to overturn existing rules. Slashing needed workersWhat’s more, the endeavor would require a lot of assistance from agency staffers – the very workers that Musk and Ramaswamy have promised to cut. For instance, in a town hall on X last month, Musk repeatedly criticized government regulations, citing their interference with his companies. “It’s quite arduous getting regulatory approval,” Musk said while discussing his Neuralink startup that develops implantable brain-computer interfaces.

Persons: CNN — Elon Musk, Vivek Ramaswamy, Donald Trump, Raimondo, Ramaswamy, won’t, ”, James Broughel, hasn’t, ” Musk, Trump, Nicholas Bagley, “, Richard Pierce Jr, ” Broughel, ” Trump, Broughel, Biden, Joe Biden’s, Musk, ” CNN’s Tierney Sneed Organizations: CNN, Government, Environmental Protection Agency, Loper Bright Enterprises, Competitive Enterprise Institute, ’, Street, Congress, University of Michigan Law School, George Washington University, of Economic, Public Citizen, SpaceX Locations: West Virginia

Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. While the drop in rates wasn’t exactly huge, there was a fair amount of pent-up demand among homebuyers. Last year at this time mortgage rates were higher, but falling. The increase in conventional purchase applications helped push the average purchase loan size to $439,200, its highest level in almost a month,” Joel Kan, an MBA economist, said in a release.

Persons: homebuyers, ” Joel Kan, ”, Kan, Matthew Graham Organizations: Mortgage, “, pullbacks, Mortgage News

Three American citizens who had been detained in China were released, a State Department spokesperson said Wednesday. Li, 70, who is from Long Island, New York, was detained in 2016 and sentenced to 10 years in 2018 on espionage charges his family says are baseless. The announcement on Wednesday follows the surprise release in September of American pastor David Lin, whom like Li and Swidan the U.S. had classified as wrongfully detained. He had been jailed in China since 2006 after being sentenced to life in prison on charges of contract fraud. Other families who appeared at the hearing are still waiting for the return of loved ones detained in China, including Nelson Wells Jr. and Dawn Hunt.

Persons: Mark Swidan, Kai Li, John Leung, Li, Leung, Chuck Schumer, Li’s, Harrison Li, “, ”, David Lin, Biden, Joe Biden, Xi Jinping, Swidan’s, Katherine Swidan, ” Li, Nelson Wells Jr, Dawn Hunt Organizations: State Department, United, Politico, ., Hua Foundation, Chinese Foreign Ministry, Economic Cooperation, Congressional, Commission Locations: China, Long Island , New York, Texas, United Nations, American, Hong Kong, Beijing, United States, U.S, Huntington , New York, New York, Asia, Peru, Russia

☆ Sweden urges Chinese ship to return for undersea cable investigation
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The ship now sits idle in international waters but inside Denmark’s exclusive economic zone, closely watched by Danish military vessels. “From the Swedish side we have had contact with the ship and contact with China and said that we want the ship to move towards Swedish waters,” Kristersson told a press conference, adding it would help facilitate the investigation. China’s foreign ministry said the communications channels with Sweden and other relevant parties were “unobstructed,” when asked about Sweden’s request. Western intelligence officials from multiple countries have said they are confident the Chinese ship caused the cuts to both cables. Kristersson said he was hopeful that China would respond positively to the request to move the ship to Swedish waters.

Persons: Ulf Kristersson, Boris Pistorius, Yi Peng, Kristersson, “ We’re, ” Kristersson, “, ”, Mao Ning, Katja Bego Organizations: German, . Naval Intelligence, U.S, Chatham House, Reuters Locations: Sweden, Baltic, Finland, Germany, Lithuania, Russian, Ust, Luga, Danish, Swedish, China, Russia, Beijing

☆ Gold trades in tight range ahead of US inflation data
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +2 min

Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot gold was steady at $2,635.56 per ounce, as of 0222 GMT, moving largely within a slim $9 range during the session. Gold is traditionally considered a safe-haven investment during periods of economic and geopolitical uncertainty, including trade wars and other conflicts. Investors digested a handful of economic data on Tuesday indicating the economy remained on solid footing. Elsewhere, China's net gold imports via Hong Kong in October fell from September and were down 43% from the previous year, data showed.

Persons: Bullion, Kyle Rodda, Rodda Organizations: Federal, Capital.com, Federal Reserve, U.S . Federal Reserve Locations: ., Israel, Lebanon, Capital.com . U.S, France, Iran, Hong Kong

☆ Trump’s trade threats put the world on a precipice and may say a lot about his second term
▼ + stars: | 2024-11-27 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

His first major global brouhaha since winning reelection posed the following questions that will help define the character of his second term. There’s no guarantee that Canada, Mexico and China will back down immediately. Trump’s trade war rhetoric is a reminder that in his worldview, the United States has few friends — only adversaries against whom it can choose to win or lose. The prime minister therefore has a huge incentive to avoid a trade war that could cause havoc in the Canadian economy. Initial reaction to Trump’s broadside against Canada and Mexico suggests that many observers see his outburst as a negotiating tactic.

Persons: Donald Trump, Trump, he’s, Pete, George W, Bush’s, “, “ Trump, Elon Musk, Justin Trudeau, Claudia Sheinbaum, —, Trudeau, Pierre Poilievre, Sen, Marco Rubio, Xi Jinping, ”, Gerry Connolly Organizations: CNN, Trump, Central ”, Elon, Conservative Party, Trade, North American Free Trade Locations: Canada, Mexico, China, United States, NATO, Russia, Ottawa, Canadian, Washington, Beijing, Europe, Ukraine

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