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☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

Skulls found on a New Mexico property earlier this month were obtained online and are not related to the case of a woman who went missing in 2019, the Lea County Sheriff’s Office said Thursday. Human remains were found after a search of a property associated with the man in Jal, a city of around 2,000 in the southeastern part of the state, the sheriff's office said last week. The medical examiner determined the remains found on the property had "no medical or legal significance," the sheriff's office said. On Nov. 12, shortly after the discovery of the remains, the sheriff's office said it could be related to Angela McManes, who disappeared in 2019. Two days later, the sheriff's office said there did not appear to be a link between the skulls and McManes beyond the proximity of her home to the property where the skulls were found.

Persons: ”, Angela McManes Organizations: Sheriff’s Locations: New Mexico, Lea, Jal, United States

☆ Opinion | Marie Gluesenkamp Perez on Winning a Trump District and Fixing Congress
▼ + stars: | 2024-11-22 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

I first met Marie Gluesenkamp Perez in 2022, when she was running what was widely seen as a long-shot Democratic campaign for Congress in a solidly Republican, heavily rural part of Washington State. Shortly before the election, the polling aggregator FiveThirtyEight estimated her chance of victory at a mere 2 percent. Gluesenkamp Perez, whose father immigrated from Mexico, ran an auto shop with her husband and lived in a house they’d built themselves. Gluesenkamp Perez voted to scrap Joe Biden’s plan for student debt relief. In a largely brutal year for Democrats, Gluesenkamp Perez, again facing Kent, won re-election even as Trump once again carried her district.

Persons: Marie Gluesenkamp Perez, MAGA, Joe Kent, Gluesenkamp Perez, fides, Donald Trump’s, she’d, Joe Biden’s, Rashida Tlaib, Anger, ”, Trump Organizations: Democratic, Congress, Republican, Washington State, Politico, Kent Locations: Washington, Mexico, Israel

☆ China is armed and ready for trade war 2.0 with Donald Trump
▼ + stars: | 2024-11-22 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest. But last year, Mexico overtook China as the top exporter of goods into the United States, according to the Commerce Department. China had held that perch for 20 years before its exports to the United States fell by 20% to $427 billion last year. Women walk at a fashion accessories store displaying a poster to promote Singles' Day discounts at a shopping mall in Beijing, China, on November 11, 2024.

Persons: Donald Trump, Trump, ”, Dexter Roberts, Joe Biden, Matthews, Wang Shouwen, ” Andy Rothman, “, Liza Tobin, Calvin Klein, Tommy Hilfiger, Beijing’s, don’t, Sean Callow, Callow, Andy Wong, Rothman, Xi Jinping, Larry Hu Organizations: Hong Kong CNN —, Trump, Atlantic Council, Commerce Department, Matthews Asia, Treasury, CNN, PVH Corp, Bain & Company, ITC Markets, US, Peterson Institute, National Bureau of Statistics, Gross, Macquarie Bank Locations: China, Hong Kong, Beijing, United States, Mexico, Lianyungang, US, Xinjiang, —, Shanghai, New York, “

☆ I changed my retirement plans at 57. Now, I travel full time in an RV with my wife and live off of investments.
▼ + stars: | 2024-11-22 | by ( Chris Mott | ) www.businessinsider.com time to read: +4 min

My wife and I built a slab for our RV on my son's property to be near family when we want. I'd spent years as an executive in Southern California, and I had a retirement plan in place for quite some time. My vision for retirement did not include living in an RV or moving to Washington state. My son's house was a fixer-upper, so we helped out with all sorts of projects to help the kids make it their dream home. AdvertisementIn many ways, we're living out our retirement dreamsOur expenses are lower than they were when we had a house.

Persons: I'd, —, Chris Mott, we'd, we've, I'm, I've Organizations: UFO, Design, Social Locations: Southern California, Vancouver , Washington, Washington, Washington and Oregon, Arizona , New Mexico , Texas , Utah, Nevada, Lake Havasu, Roswell, Texas, Vancouver

☆ Your questions about Trump 2.0, answered
▼ + stars: | 2024-11-22 | by ( Zachary B. Wolf | Leinz Vales | ) edition.cnn.com time to read: +19 min

CNN —When we asked CNN readers for their questions about the incoming Trump 2.0 administration, we got a lot of nervous and scared feedback. Donald Trump and Ivanka Trump walk to Marine One at the White House in Washington, DC, on January 4, 2021. This is her response:Trump has promised to protect Social Security and not raise the retirement age or make other cuts. For more, read Luhby’s story on how a second Trump term could affect Social Security benefits. For his second term, Trump has promised to find military officials more loyal to him and that he’ll fight an “enemy from within” of political opponents.

Persons: Donald Trump’s, I’m, …, Catherine Shoichet, Shoichet, Trump, ”, Lisa Graybill, Tom Homan, He’s, Kelli Stump, she’s, “, Ashley, Joe Biden, Eric Gay, Stephen Miller, Trump’s, Alan, Jim Sciutto, Roman Plipey, Afghanistan –, Vladimir, Putin, Marco, Rubio, Mike, Waltz –, Tulsi, Gabbard, Will, Greg, ” Trump, Donald Trump, Ivanka Trump, Joshua Roberts, hasn’t, Tami Luhby, James, There’s, Portugal's, Armando Franca, Lawrence, Katie Lobosco, that’s, there’s, –, Biden’s, Will Trump, Biden, Emily, … Gustavo, doesn’t Biden, Steve Here’s, Ella Nilsen, Jim Watson, it’s, Will Trump’s, Keith Trump’s, Nixon, Adam, ” Sen, Adam Schiff of, ” Schiff, Matt Gaetz Organizations: CNN, Trump, Security, National Immigration Law Center, American Immigration Lawyers, Ashley Presidents, US Customs, National Guard, US, Ukraine, Getty, NATO, White, Reuters, Social, Social Security, Bee, FBI, New Jersey Trump, Republicans, Congress, Pentagon, Trump White House, NPR Locations: Rio, Mexico, Eagle Pass , Texas, Ukraine, Powers, Russia, China, Europe, Kyiv, Roman, AFP, Afghanistan, Maine, Washington ,, Barbara, Louisiana, Italy, Lisbon, Illinois, New Jersey, Florida, North Carolina, Colorado, Red Butte, Tusayan , Arizona, Adam Schiff of California

☆ Why the U.S. is growing less food
▼ + stars: | 2024-11-22 | by ( Natalie Rice | ) www.cnbc.com time to read: +3 min

Fruit production is down nearly 36% in 2024 from 2003, while vegetable production is down 6.3%, according to the USDA. Imports make up a growing share of fresh produce availability, with 60% of the total fruits and 38% of vegetables in the U.S. supplied by other countries in 2021, with Mexico as the largest supplier. The U.S. prioritizes growing commodities — like corn, soybeans, wheat and sugar. And that's a big sticking point for many small to midsize farmers growing fruits and vegetables. The 2018 farm bill extended into 2024 but expired in September.

Persons: Angela Huffman, Chip Kent, Tom Vilsack Organizations: United States Department of Agriculture, USDA, Imports, Environmental Locations: States, U.S, Mexico, Locust Grove, Milton , New York

To examine the issue of human smuggling, De León spent seven years closely studying the lives of men dedicated to smuggling migrants from Central America and Mexico into the U.S. The result was his nonfiction book, “Soldiers and Kings: Survival and Hope in the World of Human Smuggling," which on Wednesday garnered De León the prestigious National Book Award for nonfiction. While De León interviewed countless migrants and smugglers, his book focuses on the journeys of nearly half a dozen people from Honduras, Mexico and elsewhere. That’s talking about smugglers, talking about the political economy of undocumented migration — and people don’t want that. Despite his years of experience, De León said he learned new lessons while working on the award-winning book.

Persons: Jason De León, De León, “, “ I’m, ” De León, ”, De Organizations: U.S, NBC News, University of California, Cotsen Institute of Archaeology, Army Locations: Central America, Mexico, Los Angeles, Honduras, Philippines, Long Beach , California, Rio Grande Valley, Texas, America, U.S

☆ Trump is laying the groundwork for his 'drill, baby, drill' agenda
▼ + stars: | 2024-11-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

If confirmed by the Senate, three key nominees would largely be responsible for executing Trump's "drill, baby, drill" agenda across the federal government. The Interior Department leases millions of acres of public lands and waters for oil and gas drilling. The oil and gas industry is pushing the Trump administration to issue a new five-year offshore-leasing program. Woods of ExxonMobil told Semafor last week that the Trump administration should keep regulations to curb methane emissions from oil and gas infrastructure. But Trump attacked electric vehicles on the campaign trail, adopting the oil and gas lobby's messaging.

Persons: Donald Trump, Doug Burgum, Chris Wright, Trump, Lee Zeldin, Trump's, Karoline Leavitt, Vance, Wright, Biden, Amanda Eversole, Kenny Stein, Darren Woods, Stein, It's, Woods, Semafor, David Brown, Wood Mackenzie Organizations: Interior, Energy, Senate, Trump, Interior Department, Liberty Energy, Environmental Protection Agency, National Energy Council, Truth, Energy Department, Republicans, of, American Petroleum Institute, American Energy Alliance, CNBC, EPA, ExxonMobil, US Locations: Gulf of Mexico, North Dakota, New York, Saudi Arabia, Qatar, Russia, Europe, Gulf, Mexico, Wood

☆ Why Mexico Isn’t Panicking About Another Trump Presidency
▼ + stars: | 2024-11-21 | by ( Natalie Kitroeff | ) www.nytimes.com time to read: +1 min

On his path to the presidency, President-elect Donald J. Trump consistently made Mexico a target. But Mexico’s leaders aren’t panicking — in fact, some of them see opportunity in Trump’s return to the White House, according to six current and former officials, some of whom were not authorized to speak publicly. Mexico is banking on its ability to negotiate with a deal maker like Mr. Trump. President Claudia Sheinbaum of Mexico has said that her government “will look to contact President Trump’s transition team before he enters” the White House. The goal of those talks, officials say, would be to reach agreements on key issues ahead of the inauguration in January.

Persons: Donald J, Trump, aren’t panicking, Claudia Sheinbaum, Trump’s Organizations: White Locations: Mexico

☆ Mexican cartel leader who faked his own death has been arrested in California, Justice Department says
▼ + stars: | 2024-11-21 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +2 min

CNN —A high-ranking member of a Mexican drug cartel who allegedly faked his own death and has been living in California under a fake name is now facing federal charges, the US Justice Department announced Thursday. He also allegedly kidnapped two members of the Mexican Navy as part of an attempt to release his mother-in-law, El Mencho’s wife, after her arrest by Mexican authorities. El Mencho then allegedly helped Gutierrez-Ochoa fake his death to evade Mexican law enforcement by telling his associates that he had killed Gutierrez-Ochoa for lying. The Justice Department charged El Mencho in 2022 with leading the effort to manufacture and distribute fentanyl for importation into the US. He has not been arrested, and the State Department is offering a reward of up to $10 million for information leading to his arrest and/or conviction.

Persons: Cristian Fernando Gutierrez, Ochoa, El Mencho, Gutierrez, Lisa Monaco, El Organizations: CNN, US Justice Department, Jalisco Nueva Generación, —, Prosecutors, Mexican Navy, Justice Department, El, State Department Locations: Mexican, California, Jalisco, United States, Riverside, Mexico

Rancher Jim Chilton stands at the US-Mexico border, where the wall ends, on his family’s ranch southeast of Arivaca, Arizona. Matt York/APShoes left behind by migrants on the Chiltons' ranch are displayed on their front porch in 2016. And while they want the border wall finished, they still support legal immigration. He feels his time with a vigilante group called Arizona Border Recon is his opportunity to give back to the country that welcomed him. Tim Foley leads a vigilante group called Arizona Border Recon.

Persons: Sue Chilton’s, Obama, they’ve, Donald Trump’s, Jim Chilton, Norma Galeana, Joe Biden, Sue Chilton, ”, Biden, that’s, Matt York, Frederic J . Brown, Jim, ” Jim, Tom Homan, Greg Abbott, “, Elon Musk, ” Sue, Will Lanzoni, Hugo, anybody’s, Tim Foley, CNN Foley, Trump, I’ve, Cochise County Sheriff Mark Dannels, Dannels, “ We’ve, CNN Dannels, Foley, Sheriff Dannels, it’s, Brandon Bell, It’s, Rafael, ” Rafael Organizations: Arizona CNN, Border Patrol, CNN, US Border Patrol, Getty, Trump, Republican National Convention, Texas Gov, Arizona, National Guard, Cochise County Sheriff, gotaways, West Locations: Nogales, Arizona, camo, Mexico, Arivaca , Arizona, United States, Sasabe , Arizona, AFP, Uruguayan, Greenwich , Connecticut, Cochise County, Chilton, Sheriff, It’s, Nogales , Arizona

☆ Trump team maps out Latin America strategy as part of mass deportation plan
▼ + stars: | 2024-11-21 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +6 min

Deportation often hinges on diplomacy – and has been a steep challenge for the US when dealing with countries where there are frosty relations. Taken together, it’s a return to a hardline approach meant to get countries receiving deportees to comply and attempt to curb migration. But sources close to and involved in discussions argue they’ve identified the incentives and pressure points to have countries cooperate. The executive actions and reviews underway by the Trump team include the return of the program informally known as “remain in Mexico,” which requires migrants to stay in Mexico during their immigration proceedings in the US. “A second-term Trump administration will expand ‘burden-sharing’ deals with Honduras, Guatemala and El Salvador that cut off pathways to the US for asylum-seekers.

Persons: Donald Trump’s, Trump, it’s, they’ve, Biden, ”, they’re, “ It’s, Claudia Sheinbaum, Trump’s, El, Nayib Bukele, “, Andrew Selee, CNN’s Phil Mattingly Organizations: Washington CNN —, “, Western Hemisphere, Governments, Trump, Northern, Policy Institute Locations: America, United States, Mexico, Panama, Darien, Venezuela, China, Guatemala, El Salvador, Honduras, Angeles

☆ ‘A lot of fear:’ Trump’s deportation proposals are already rattling workers
▼ + stars: | 2024-11-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“People are afraid of walking the streets right now; there’s a lot of fear … a lot of fear,” Sanchez said. “Shrinking worker (supply) in a period in which those sectors need more workers and are having a hard time finding workers will clearly generate a slowdown,” Peri said. Although temporary farm visas — known as H-2A — do exist, there is no legal way to have year-round foreign workers. “We know [undocumented immigrants] are working, they’re not sitting at home,” he said. “The slowing in immigration that’s broadly anticipated will probably show up in tighter labor markets for lower-skilled workers,” he said in an interview.

Persons: Donald Trump’s, Sam Sanchez, ”, Sanchez, ” Sanchez, Giovanni Peri, Peri, Ron Estrada, “, ” Estrada, farmworkers, Joe Sohm, Farmworker Justice’s Estrada, Carolinians, they’re, “ They’ve, Biden, Trump, Michael Feroli, Julia Pollak, Scott Olson, it’s, Joe Brusuelas, ” Karoline Leavitt, Vance, Joanne Eriaku, Eriaku, she’s Organizations: CNN, Chicago, Coast Hospitality Group, “, Global Migration, University of California, Davis, UCDavis, Migration Center . Business, Biden, Farmworker, North Carolina Growers Association, Congressional, CBO, JPMorgan, Republican National Convention, RSM, Trump, United Nations, UN, Social Locations: America, Mexico, Little, San Francisco, Chicago, ”, Milwaukee, Chicago’s Little, Springfield , Ohio, New York City, Uganda, Eriaku, Kenya, United States

☆ Asian chip stocks slump as Nvidia's slowing revenue growth worries investors
▼ + stars: | 2024-11-21 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Justin Sullivan | Getty ImagesAsian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. The sentiment has spilled over to Asia, with stocks tied to Nvidia suppliers as well as other chip companies mostly falling. Selloff in AsiaSemiconductor testing equipment supplier Advantest , which counts Nvidia among its clients, dropped as much as 5.6% on Thursday, the largest chip loser on Japan's benchmark Nikkei 225. Taiwan Semiconductor Manufacturing Corp , which manufacturers Nvidia's high-performance graphics processing units, slipped as much as 1.5%. The company has been a key supplier to Nvidia and is building the world's largest manufacturing facility in Mexico for assembling Nvidia's GB200 superchips, a key component of its next-generation Blackwell family computing platform.

Persons: Justin Sullivan, Daniel Newman, CNBC's Organizations: Getty, Nvidia, Futurum, Asia Semiconductor, Nikkei, Advantest Corp, Softbank Group, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Blackwell, SK Hynix, Samsung Electronics Locations: Santa Clara , California, Asia, Selloff, Mexico, South Korea

☆ American Airlines is starting to shame passengers who try to board too early
▼ + stars: | 2024-11-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

AdvertisementAmerican Airlines is rolling out tech that calls out passengers who try to board before their turn. The new tech also gives staff more info on passengers' connections and boarding groups. American Airlines is cracking down on passengers who try to sneak their way into an earlier boarding group. While the crackdown may be bad news for boarding group hoppers, it's likely great news for airline workers. They even call some of these passengers "gate lice."

Persons: haven't, We've, Julie Rath Organizations: Airlines, Flyers Locations: Tucson , Arizona, Albuquerque , New Mexico, Washington, Austin , Texas, Atlanta, New York, Chicago, Los Angeles

☆ Alec Baldwin's 'Rust' earns polite response at world premiere as Halyna Hutchins honored
▼ + stars: | 2024-11-20 | by ( ) www.nbcnews.com time to read: +5 min

Over three years after the accidental on-set death of cinematographer Halyna Hutchins, Alec Baldwin's Western film “Rust” received a polite response during its controversial premiere Wednesday at the EnergaCamerimage festival in Toruń, Poland. The audience clapped through the film’s closing credits, strengthening their applause when a dedication to Hutchins appeared. The premiere opened with Camerimage director Marek Żydowicz asking the audience to stand for a moment of silence for Hutchins. Cinematographer Rachel Mason, Hutchins’ friend who made a documentary about the completion of the film, then made an emotional speech. Additionally, AFI launched the Halyna Hutchins Memorial Scholarship Fund.

Persons: Halyna Hutchins, Alec Baldwin's, Rust ”, Hutchins, Joel Souza —, New Mexico —, Bianca Cline, Alec Baldwin —, Baldwin, Hutchins ’, Olga Solovey —, Baldwin —, Matthew Hutchins, “, Marek Żydowicz, Rachel Mason, ”, doesn’t, Joel Souza, Wojtek Radwanski, Żydowicz, Halyna’s, Halyna, ” Mason, ” Souza, Cline, ” Cline, you’ll, ” Hutchins, Rust, he’s, armorer Hannah Gutierrez Reed Organizations: Getty, America Society of Cinematographers, AFI Locations: Toruń, Poland, New Mexico, AFP, Camerimage, EnergaCamerimage, Wyoming

☆ Trump’s turn to bask in Musk’s reflected glory
▼ + stars: | 2024-11-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Musk, the Tesla and SpaceX visionary, has spent the last two weeks basking in Trump’s reflected glory at Mar-a-Lago. He’s around so much it’s almost like he’s family, and he even made it into a photo of Trump’s extended clan. Trump’s growing cultural cloutTrump’s visit to Musk’s launchpad was also the latest occasion since the election when he has inserted himself into high-profile photo-ops. The hit perhaps reflects Trump’s starry-eyed infatuation with Musk’s amazing array of spaceships and limitless ambition. With Musk, Trump might get more than he bargained for.

Persons: Donald Trump, Elon Musk, Robert F, Kennedy Jr, —, “, ”, Trump, Rushmore, Donald Jr, Texas Sen, Ted Cruz, Ronny Jackson, Musk, it’s, ” Trump, Greg Autry, Vivek Ramaswamy, Chandan Khanna, It’s, Kena Betancur, Joe Rogan, Theo Von, Musk’s launchpad, who’s, Anna Moneymaker, Kim Jong Un, MAGA, Elton John, DOGE, Andrew Harnik, Tim Pawlenty, CNN’s Erin Burnett, “ Trump, Volodymyr Zelensky, Emmanuel Macron, Kim Organizations: CNN, Elon, SpaceX, Texas, White, Trump, University of Central, of Government, Fox News, Tesla, UFC, Madison, Getty, YouTube, Barstool Sports, Republican Party, House Republicans, Hyatt, Minnesota Gov Locations: Texas, Washington, New York, Great State of Texas, He’s, Trump, Gulf of Mexico, United States, University of Central Florida, AFP, Novi , Michigan, Korean, Washington ,, Mar, Minnesota, Russia, Paris

☆ Hurricanes are being turbocharged by climate change. This season is proof
▼ + stars: | 2024-11-20 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —Record-breaking ocean temperatures, fueled by planet-warming pollution, have turbocharged dozens of Atlantic hurricanes over the last few years, making them more potent and dangerous by increasing their wind speeds. Every hurricane in the 2024 Atlantic hurricane season was made stronger than it otherwise would have been without human-caused climate change, according to analysis from nonprofit climate research group Climate Central. Wind speeds of the 11 hurricanes were increased by 9 to 28 mph by water that was up to 2.5 degrees Fahrenheit warmer because of climate change. Nine of this season’s 11 hurricanes rapidly intensified and climbed up the hurricane category scale due to climate change-driven ocean heat. Climate Central researchers also found that human-caused climate change made exceptionally warm ocean temperatures that fueled Milton’s explosion 400 to 800 times more likely.

Persons: ”, Daniel Gilford, Hurricane Milton, Milton wouldn’t, Chandan Khanna, Debby, Oscar, Jim Kossin, Kossin, he’s Organizations: CNN, Climate, Climate Central, Simpson, National Oceanic, Atmospheric Administration, Water, Hurricanes, Hurricane, National Hurricane Center . Climate, Getty, NOAA Locations: Gulf of Mexico, Hurricane, Siesta Key, Florida

☆ I went to law school in Mexico and an Ivy League in the US. It was cheaper and easier to make friends in Mexico.
▼ + stars: | 2024-11-20 | by ( Santiago Barraza Lopez | ) www.businessinsider.com time to read: +6 min

AdvertisementI first went to law school in Mexico, where people were more open to friendships. However, the top three global financial hubs (New York, London, and Singapore) belong to common law countries. The US has a common law system, meaning that laws come from uncodified case law resulting from court decisions. Law schools in Mexico take a more theoretical approach, while law schools in the US focus on the practical side. In my case, both law schools made sure we acknowledged this in order to understand how useful we can be.

Persons: — Organizations: Columbia, Universidad Iberoamericana, Columbia University, US, Law Locations: Mexico, Europe, Asia, South America, Africa, New York, London, Singapore

☆ Welcome to the shopping mall for the TikTok era
▼ + stars: | 2024-11-20 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +6 min

A new brick-and-mortar store from the e-commerce startup Outlandish is bringing to life the world of TikTok Shop. In addition to TikTok Shop, Outlandish has experience working with brands to help them sell on Douyin and other social apps. Other TikTok Shop sellers have experimented with adding livestreaming spaces to their storefronts, such as the New York-based pre-owned luxury store What Goes Around Comes Around. Outlandish, which began in 2018 as a social shopping agency in China, is an official TikTok Shop partner. If that does happen, August said Outlandish's Santa Monica sellers could pivot to livestreaming on other platforms.

Persons: Anker, TikTok, Allison Wise, Amanda Perelli, William August, ByteDance, it'll, Outlandish's, Outlandish's Santa Monica Organizations: Goli, QVC, TikTok, US, Congress Locations: Los Angeles, China, Santa Monica's, influencers, Santa Monica, Asia, Los Angeles and New York, Mexico, Spain, America, New York, Santa, Outlandish's Santa, livestreams

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Nobel laureate Simon Johnson is skeptical that Trump will be able to follow up on his two biggest campaign promises — here's why
▼ + stars: | 2024-11-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

"I'm skeptical he'll actually do it," Johnson said of Trump's tariff policy. With all of these negative implications, Johnson isn't convinced that Trump's tariffs will be as drastic as they were presented on the campaign trail. Mass deportation is a logistical nightmareTrump's mass deportation plans don't make economic sense to Johnson, either. It's still too early to predict how Trump's policies will pan out, but for now, Johnson is seeing drastic barriers to Trump's tariff and immigration plans. Should Trump go through with his tariff and immigration policies, it'll be up to the American people to judge their efficacy and implementation.

Persons: Donald Trump, Nobel, Simon Johnson doesn't, Johnson, Simon Johnson, Trump, We've, They're, he'll, Jan Hatzius, Goldman Sachs, Johnson isn't, it's, Thomas Homan, That's, It's, they're, it'll Organizations: Massachusetts Institute of Technology, Trump, American Immigration Locations: China, Johnson, Vietnam, Mexico, United States

☆ SpaceX completes sixth Starship flight, with both booster and spacecraft splashing down
▼ + stars: | 2024-11-19 | by ( Michael Sheetz | ) www.nbcnews.com time to read: +4 min

SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. Pushing the envelopeSpaceX has flown the full Starship rocket system on six spaceflight tests so far since April 2023, at a steadily increasing cadence. The company said on its website that it made hardware upgrades to the rocket’s booster for improved redundancy and improved structural strength. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Fully stacked on the Super Heavy booster, Starship stands 397 feet tall and is about 30 feet in diameter.

Persons: Elon Musk’s, Donald Trump, Trump, SpaceX’s, Musk Organizations: SpaceX, Federal Aviation Administration, Super Locations: Brownsville , Texas, Gulf, Mexico, Florida

☆ 51-year-old earns over $70,000 in one of the most in-demand jobs in the U.S.—and it doesn't require a degree
▼ + stars: | 2024-11-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +8 min

Roofing is also one of the fastest-growing jobs in the U.S., with nearly 15,000 jobs expected to be added each year over the next decade. She launched her own roofing business, B. Barela Construction, in February 2021. Her combined income from running B. Barela Construction and working in real estate is more than $70,000 (she declined to share her exact salary). Ahead of her fourth year in business, Tena says she hopes to scale the business into a full-time career. She attended Santa Fe Community College on and off between 1995 and 2002, waffling between entering business, law or real estate, but never finishing her bachelor's degree.

Persons: Bridgette Tena, Tena, they've, Tena's, Lino Barela, We're, — Organizations: CNBC, U.S . Department of Labor, Santa Fe Community College, Realtors Locations: Santa Fe , New Mexico, U.S, Santa Fe, New Mexico, Denver , Colorado, Santa

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