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☆ North Korea launches a new intercontinental ballistic missile designed to threaten U.S.
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +5 min

DPRK stands for the Democratic People's Republic of Korea, North Korea's official name. South Korea's Joint Chiefs of Staff said North Korea could have tested a new, solid-fueled long-range ballistic missile. He said the North Korean missile was launched on a high angle, apparently to avoid neighboring countries. They say North Korea likely possesses short-range missiles that can deliver nuclear strikes across all of South Korea. North Korea last test-fired an intercontinental ballistic missile in December 2023, when it launched the solid-fueled Hwasong-18.

Persons: Jung Yeon, Kim Jong Un, Kim, Lee Sung Joon, Gen Nakatani, Lee, KCNA, Sean Savett, Savett Organizations: Korean, Getty, North, Defense Ministry, DPRK, North Korean Defense Ministry, Democratic People's, Korea's, Chiefs, Staff, North Korean, Japanese, South Korean, . National Security, South, U.S Locations: Seoul, Korea, U.S, United States, South Korea, Japan, Washington, Ukraine, North Korea, Democratic People's Republic of Korea, North, American

☆ U.S. finalizes rules to curb AI investments in China, impose other restrictions
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: +1 min

A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The Biden administration said on Monday it is finalizing rules that will limit U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The new rules are effective Jan. 2 and will be overseen by Treasury's newly created Office of Global Transactions. Treasury said the "narrow set of technologies is core to the next generation of military, cybersecurity, surveillance, and intelligence applications." The rule covers technologies like "cutting-edge code-breaking computer systems or next-generation fighter jets," added Paul Rosen, a senior Treasury official.

Persons: Biden, Joe Biden, Treasury's, Paul Rosen Organizations: U.S . Treasury, Global Transactions, Treasury Locations: China, U.S

The strike on Beirut was the first time during this war that Israel has targeted such an influential Hezbollah leader in Lebanon’s capital. Hours later, the killing in Iran of Hamas’s political leader, Ismail Haniyeh, was considered the most brazen breach of Iran’s defenses in years. Image A protests in Tehran on Wednesday after Ismail Haniyeh, a senior Hamas leader, was assassinated in Iran. Despite his title as Hamas’s political leader, Mr. Haniyeh is replaceable, said Joost Hiltermann, the Middle East and North Africa program director for the International Crisis Group. In January, Israeli strikes killed a senior Hamas leader in Hezbollah’s stronghold in Beirut, leading to fears that Hezbollah would mount a particularly fierce response on Hamas’s behalf.

Persons: Amira, Hassan Fadlallah, Fuad Shukr, Ismail Haniyeh, Diego Ibarra Sanchez, Iran —, Michael Stephens, Haniyeh’s, Stephens, Mr, Andreas Krieg, Arash Khamooshi, ” Mr, Krieg, ”, it’s, Haniyeh, Joost Hiltermann, “, Israel, Israel Katz, Katz, Itamar Rabinovich, Israel’s, Rabinovich, Benjamin Netanyahu, Netanyahu, Vivian Yee Organizations: Israel’s, The New York Times Iranian, Foreign Policy Research Institute, King’s College ,, The New York Times, International Crisis, United Nations, Hezbollah Locations: Dahiyeh, Beirut, Lebanon, Gaza, Israel, Iran, simultaneity, Yemen, Iraq, Credit, United States, Philadelphia, King’s College , London, Tehran, East, North Africa, Hezbollah’s, Syria, Bourj el Barajneh, U.S, Washington

This card is the "best travel card for beginners" in our best travel rewards credit cards guide. This is one of the most generous credit card offers we've ever seen, especially for a credit card with such a low annual fee ($95, rates and fees). Other credit cards offer higher rewards in certain categories of spending Insider’s Take If you want an easy, no-fuss travel rewards credit card, the Capital One Venture Rewards Credit Card is a great fit. The current Capital One Venture Rewards Credit Card bonus, however, comes with an automatic $250 welcome credit as soon as you open your account. Global Entry/TSA PreCheck statement creditWelcome bonus aside, the Capital One Venture Rewards Credit Card is Business Insider's top-choice travel credit card for beginners for many good reasons.

Persons: hasn't, Here's, Miles, TSA PreCheck, you'll, Taylor, cardholders Organizations: Capital, Travelers, TSA, U.S, TSA PreCheck Locations: Grandma's, U.S

☆ U.S. is closer to curbing investments in China's AI, tech sector
▼ + stars: | 2024-06-22 | by ( ) www.cnbc.com time to read: +4 min

Public comments on the proposed rules will be accepted until Aug. 4. watch nowTreasury said the new rules were intended to implement "a narrow and targeted national security program" focused on certain outbound investments in countries of concern. Treasury had mapped out the contours of the proposed rules in August. Certain third-country transactions determined to be addressing national security concerns, or in which the third country adequately addressed the national security concerns, could also be exempted, Treasury said. "U.S. investors will need to engage in more extensive due diligence when making investments in China or investments involving Chinese companies that operate in the covered sectors," she said.

Persons: Joe Biden, Investment Security Paul Rosen, Laura Black, Akin Gump, Black, Treasury's Organizations: U.S . Treasury Department, Investment Security, Treasury, Treasury Department, U.S Locations: Europe, United States, Binzhou, East China's Shandong province, China, U.S, Macao, Hong Kong, Washington

☆ Trump campaign launches TikTok account as Truth Social stock dips
▼ + stars: | 2024-06-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Trump's TikTok rollout came as his own social media company, Trump Media, took a financial tumble in the wake of the historic verdict that convicted the former president on 34 felony counts in his Manhattan hush money trial. Trump launched Truth Social in early 2022 as an alternative, "non-woke" social media platform after he was banned from sites like Twitter and Facebook following the Jan. 6 Capitol riots. Since then, Trump Media has gone public and the former president now holds a 65% stake in the company. Trump is several months later than his Democratic opponent, President Joe Biden, whose reelection campaign launched on TikTok in February. "We will get President Trump's winning message to every voter possible.

Persons: Donald Trump, Stormy Daniels, Donald Trump's, Trump, Joe Biden, outpacing, Karoline Leavitt, Trump's, Biden, CNBC's, TikTok Organizations: Trump, Trump Media, Truth, Twitter, Facebook, Democratic, TikTok, Biden, NBC News Locations: New York City, U.S, Manhattan

☆ Trump's potential Truth Social earnout is an avenue for outside interests if he becomes president, experts say
▼ + stars: | 2024-04-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

The Truth Social app is being displayed on a smartphone with Truth Social visible in the background. Donald Trump's scheduled earnout through the parent company of Truth Social presents opportunities for outside interests if he were to defeat Joe Biden and become president again, according to experts. "When President Trump returns to the White House, he will continue to follow ethics guidelines," Steven Cheung, Trump's spokesperson, said in an email. The new Trump media stock has been on a wild swing since it began trading. To the extent users prefer a platform that is not associated with President Trump, TMTG's ability to attract users may decrease," the Trump Media and Technology Group wrote in a filing.

Persons: Donald Trump's, Joe Biden, Trump, Virginia Canter, Canter, Biden, Steven Cheung, He's, Kedric Payne, Payne, Peter Schiff, President Trump Organizations: Truth, Trump Media, Technology, Securities and Exchange Commission, Trump, White, Nasdaq, CNBC, Technology Group Locations: Washington ,, U.S

☆ First Solar CEO says tariff exemptions threaten U.S. efforts to ramp up domestic solar manufacturing
▼ + stars: | 2024-03-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Megan Jelinger | ReutersA flood of foreign solar components threatens efforts to build a domestic manufacturing base in the U.S. to support the clean energy transition, according to First Solar CEO Mark Widmar. A common type of solar panel used in the U.S. is excluded from Section 201 tariffs designed to protect domestic solar manufacturing, and a moratorium on tariffs against solar components imported from several Southeast Asian nations is in place. Biden vetoed legislation last spring that would have imposed tariffs on solar components from Cambodia, Malaysia and Thailand. "What this is doing is it's not allowing these domestic companies to scale," Widmar said. The company has intentionally overbooked to provide a buffer against the volatility in the solar market, he said.

Persons: Megan Jelinger, Mark Widmar, Widmar, Biden, Trump, Joe Biden, wasn't Organizations: Reuters, Solar, CNBC, U.S . Commerce Department, Commerce Locations: Perrysburg , Ohio, U.S, Cambodia, Malaysia, Thailand, Vietnam

☆ Here are Monday's biggest analyst calls: Nvidia, Alphabet, Salesforce, Arm, CVS, BJ's, Super Micro & more
▼ + stars: | 2024-02-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Target at overweight Morgan Stanley stood by its overweight rating on the department store owner. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it likes the setup heading into earnings later this week. Morgan Stanley upgrades HashiCorp to overweight from equal weight Morgan Stanley said the software company has a compelling valuation. Morgan Stanley upgrades AvalonBay to overweight from equal weight Morgan Stanley said apartment REIT stocks like AvalonBay are '"cheap for a reason." Morgan Stanley upgrades Sun Country to overweight from equal weight Morgan Stanley said it likes the airline's business model.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Salesforce, Rosenblatt, Jefferies, Amer, Wells, Jane Fraser, Roth MKM, Roth, TD Cowen, TD, DA Davidson, OW, Fannie Mae, KBW, Freddie, Truist, it's, Piper Sandler, Piper, Bentley Organizations: Nvidia, BMO, Apollo, Amer Sports, Citi, Citigroup, Bank of America, KKR, APO, BJ's Wholesale, D.A, Susquehanna, Energy, HSBC downgrades Moderna, HSBC, Moderna, Google, YouTube, " Bank of America, Omega Healthcare, Sun, DuPont's Mobility, JPMorgan, Navy, Bentley Systems Locations: USD75, Asana, ASAN

☆ Interest on national debt could threaten U.S. economic stability, CBO director tells House panel
▼ + stars: | 2024-02-14 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +3 min

CBO Director Phillip Swagel testifies during the House Budget Committee hearing titled "The Congressional Budget Office's Budget and Economic Outlook," in Longworth Building on Wednesday, February 14, 2024. The director of the nonpartisan Congressional Budget Office warned House lawmakers Wednesday that the ballooning national debt and the cost of paying interest on it could become an existential threat to the U.S. economy. "Rising interest costs will crowd out other possible uses of government resources, and then also pose a risk to our economic stability" in the coming decade, CBO director Phillip Swagel told the budget committee at a hearing on Capitol Hill. Swagel's testimony centered around CBO's semi-annual report on the federal budget and the economy, released Feb. 7. The CBO report projected that the yearly U.S. budget deficit would grow by an estimated $1 trillion over the next 10 years.

Persons: Phillip Swagel, Swagel, Kevin McCarthy, Dan Kildee, Donald Trump's, Joe Biden's Organizations: Economic, Capitol, CBO, Republicans, GOP, Democrat, Congress Locations: Longworth, U.S, CBO's, Michigan

☆ Two US Navy SEALs missing off the coast of Somalia are dead, officials say
▼ + stars: | 2024-01-21 | by ( Samantha Waldenberg | ) edition.cnn.com time to read: +2 min

CNN —The two US Navy SEALs who went missing off the coast of Somalia on January 11 are dead, US Central Command said after searching for them for 10 days. “We regret to announce that after a 10-day exhaustive search, our two missing U.S. Navy SEALs have not been located and their status has been changed to deceased,” Central Command said in a statement Sunday. Our prayers are with the SEALs’ families, friends, the U.S. Navy, and the entire Special Operations community during this time,” said Gen. Michael Erik Kurilla, US CENTCOM commander. “We mourn the loss of our two brave Navy SEALs, and our hearts are with their families,” Defense Secretary Lloyd Austin said in a statement Sunday. In addition to training Somali forces, the US has also coordinated with the Somali government to carry out strikes against al-Shabaab.

Persons: ” CENTCOM, “, ”, Michael Erik Kurilla, Lloyd Austin, CNN’s Oren Liebermann, Haley Britzky, Natasha Bertrand, Katie Bo Lillis, Jim Sciutto Organizations: CNN, US Navy, US, Command, U.S . Navy, ”, Special Warfare, Navy, US Africa Command Locations: Somalia, Japan, Spain, Shabaab, Somali, “ Al, U.S

☆ About Those Non-Terrorist Houthis
▼ + stars: | 2023-12-04 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Paul Gigot interviews Democratic analyst Ruy Teixeira. Images: American Enterprise Institute/Bloomberg News Composite: Mark KellyIran’s proxies continue to threaten U.S. assets in the Middle East, and the latest effort comes from the Houthi militia in Yemen. On Sunday the Houthis opened fire on commercial ships in the Red Sea, and a U.S. warship had to respond in self-defense. U.S. Central Command said in a tweet on Sunday that the USS Carney responded to distress calls from commercial ships, while tracking attacks on three different commercial vessels. The Carney, an Arleigh Burke-class guided-missile destroyer, shot down two drones in self-defense.

Persons: Paul Gigot, Ruy Teixeira, Mark Kelly, Carney, Arleigh Burke Organizations: American Enterprise Institute, Bloomberg, U.S . Central Command Locations: U.S, Yemen, Red

☆ China chases US and Russia guided-missile submarine capabilities with new vessels
▼ + stars: | 2023-10-25 | by ( Greg Torode | ) www.reuters.com time to read: +4 min

The Pentagon report, published Oct. 20, marks the first apparent confirmation that modified submarines seen in Chinese shipyards over the last 18 months are Type 093B guided missile submarines. The confirmation comes amid an intensifying submarine arms race as China constructs a new generation of nuclear-armed boats as part of its evolving deterrent force. Singapore-based security scholar Collin Koh said the SSGNs were an important new capability for the Chinese navy. Naval War College in May noted that the PLA was close to breakthroughs in making its nuclear-powered submarines far quieter and more difficult for the U.S. and its allies to track. "But we know the submarine force is a priority for Xi Jinping, and this is one more sign they are getting there."

Persons: Jason Lee, Collin Koh, Koh, Xi Jinping, Greg Torode, Gerry Doyle Organizations: Liberation Army Navy, REUTERS, Pentagon, Reuters, U.S . Navy, Cruise, Libyan, PLA, Rajaratnam, of International Studies . Research, U.S . Naval, College, U.S, Thomson Locations: Qingdao, China, HONG KONG, U.S, Huludao, Soviet Union, Florida, Singapore, Asian

[1/2] Iraqi students gather during a protest in support of Palestinians in Gaza as the conflict between Israel and Hamas continues, in Baghdad, Iraq, October 18, 2023. REUTERS/Ahmed Saad/File photo Acquire Licensing RightsWASHINGTON, Oct 22 (Reuters) - The U.S. State Department said on Sunday U.S. citizens should not travel to Iraq after recent attacks on American troops and personnel in the region. The travel advisory says, "Do not travel to Iraq due to terrorism, kidnapping, armed conflict, civil unrest, and Mission Iraq’s limited capacity to provide support to U.S. There has been a spike in attacks against U.S. forces in Iraq and Syria since the conflict between Israel and Hamas militants in Gaza broke out. "Because of security concerns, U.S. government personnel in Baghdad are instructed not to use Baghdad International Airport," the State Department said on Sunday.

Persons: Ahmed Saad, Antony Blinken, Lloyd Austin, Kanishka Singh, Josie Kao Organizations: Hamas, REUTERS, Rights, U.S . State Department, Sunday U.S, U.S, Embassy, Consulate, State Department, United, Area Defense, Pentagon, Thomson Locations: Gaza, Israel, Baghdad, Iraq, U.S, Syria, Iranian, Yemen, Embassy Baghdad, Erbil, Iran, Washington, United States

Former U.S. President and Republican presidential candidate Donald Trump waves at the Club 47 USA event in West Palm Beach, Florida, U.S. October 11, 2023. He did not explain how he would enforce his demands, including the one requiring immigrants to support Israel's right to exist under what he called "strong ideological screening." A ban he imposed on immigrants from some Muslim-majority nations was struck down in lower courts but ultimately upheld by the U.S. Supreme Court. Trump said on Monday he would ban immigrants from Libya, Somalia, Syria and Yemen "or anywhere else that threatens our security". Promising to drastically tighten U.S. immigration laws, Trump said: "If you want to abolish the state of Israel, you're disqualified, if you support Hamas or the ideology behind Hamas, you're disqualified, and if you're a communist, Marxist, or fascist, you are disqualified."

Persons: Donald Trump, Shannon Stapleton, CLIVE, Trump, Israel, Biden, Jaime Harrison, Joe Biden, Ron DeSantis, Benjamin Netanyahu, Nathan Layne, Tim Reid, Howard Goller Organizations: U.S, Republican, REUTERS, Supreme, Democratic National Committee, Democratic, Marxist, Trump's Republican, The, Thomson Locations: West Palm Beach , Florida, U.S, CLIVE , Iowa, Palestinian, Iowa, Gaza, Libya, Somalia, Syria, Yemen, Israel, The United States, Florida, Iran, Lebanese, Clive , Iowa, Los Angeles

☆ Iran's allies in Iraq, Yemen threaten U.S. over intervention in Israel
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +3 min

Leader of the Conquest Coalition and the Iran-backed Shi'ite militia Badr Organisation Hadi al-Amiri speaks during a news conference with Iraqi Shi'ite cleric Moqtada al-Sadr (not pictured), in Najaf, Iraq June 12, 2018. In Yemen, the leader of the powerful Houthi Movement warned on Tuesday that the group would respond to any U.S. intervention in Gaza with drones, missiles and other military options. The PMF has voiced its "unequivocal support" for the Palestinian factions fighting Israel and the Iraqi government has said the Palestinian operations were a natural outcome of what it calls "oppressive" policies by Israel. In past years, Iranian-backed militias in Iraq regularly targeted U.S. forces in Iraq and the U.S. embassy in Baghdad with rockets, though such attacks have abated under a truce in place since last year, as Iraq enjoys a period of relative calm. Reporting by Ahmed Rasheed, Amina Ismail and Timour Azhari; Editing by Angus MacSwan and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Hadi al, Amiri, Moqtada al, Washington, Hadi Al, Al, Ahmed Rasheed, Amina Ismail, Timour, Angus MacSwan, Mark Heinrich Our Organizations: Conquest Coalition, REUTERS, Rights, Senior, Houthi, Hezbollah, Popular, Forces, U.S, United, Thomson Locations: Iran, Sadr, Najaf, Iraq, Rights BAGHDAD, Gaza, United States, U.S, Israel, Yemen, Saudi, Saudi Arabia, Iraqi, Baghdad, Syria, State

The Treasury Department subsequently kicked off a rule-making process to implement the order, and financial firms have been rushing to meet a Sept. 28 to provide input. "It could apply to companies that are outside of China but are subsidiaries of Chinese companies or controlled by a Chinese person." While the U.S. already has restrictions on some Chinese investments in the U.S. and U.S. investments in China, the order creates a new program. The program proposes exempting publicly traded securities and index and mutual funds, but financial firms want those securities to be more tightly defined. Financial firms say they support the administration's national security goals but worry about increased liability and the economic costs of restricting capital flows.

Persons: Florence Lo, Joe Biden, Timothy Keeler, Mayer Brown, Jen Fernandez, Sidley Austin, Jay Clayton, Sullivan, Cromwell, Keeler, Peter Matheson, Fernandez, Pete Schroeder, Carol Mandl, Michelle Price, Deepa Babington Organizations: REUTERS, WASHINGTON, Treasury Department, Foreign Investment, Treasury, Former Securities and Exchange, DE, Financial, U.S, Securities Industry, Financial Markets Association, Thomson Locations: China, U.S, United States

☆ The risks to alcohol and food stocks from Ozempic-like weight loss drugs
▼ + stars: | 2023-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

The rise of new anti-obesity medications could result in less alcohol consumption, impacting Club name Constellation Brands (STZ). The risk already seems to be playing out in food stocks with exposure to snacks and junk food. We don't think Constellation Brands stock will suffer the same fate as shares of leading snack food companies like J.M. Key points The increasing popularity of new diabetes/weight loss drugs could curtail consumer appetite for junk food and alcohol. Constellation Brands (STZ), the Club name behind the Mexican beers Corona and Modelo, should be able to weather any such headwind.

Persons: Eli Lilly, it's, Mills, Lilly, Jim Cramer, Mounjaro, Morgan, Morgan Stanley, AOMs, Jefferies, Jim Cramer's, Jim, Gabby Jones Organizations: Constellation Brands, Corona, Modelo, Pacifico, Nordisk, Ozempic, Club, Novo Nordisk, Brands, Conagra Brands, Constellation, Bud Light, Jefferies, JPMorgan, CNBC, Bloomberg, Getty Locations: U.S, Oro, Brooklyn Borough, New York

☆ Schumer to Lead Senate Delegation to China Amid Tensions
▼ + stars: | 2023-09-13 | by ( Karoun Demirjian | ) www.nytimes.com time to read: +1 min

The delegation, which Mr. Schumer will lead alongside Senator Michael D. Crapo, Republican of Idaho, also plans to make stops in Japan and South Korea, according to spokespeople for both senators’ offices. The planned visit was reported earlier by Punchbowl News. Mr. Schumer has been supportive of the approach, cheering on the restrictions in particular as important steps to reduce China’s ability to threaten U.S. national security. Mr. Schumer has long been a hawk when it comes to China, with a record of blasting Beijing for currency manipulation, unfair trade practices and aggressive actions against Taiwan. He is now pushing to impose sanctions on China for its role in fentanyl trafficking and to rally senators around strategies to outpace China in the realm of artificial intelligence.

Persons: Chuck Schumer, Biden, Schumer, Michael D, Crapo, ’ Organizations: Republican, Punchbowl News, Taiwan Locations: China, United States, Beijing, Idaho, Japan, South Korea, U.S

☆ Buying Is Just the Beginning. What Does It Really Cost to Own a Home?
▼ + stars: | 2023-09-07 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

You’ve got your down payment and you’ve been approved for a mortgage. If you want to know the actual price of owning a home, throw in closing costs, moving expenses, homeowner’s insurance, private mortgage insurance (P.M.I.) With a down payment of that size, lenders typically require P.M.I. So, that average-value three-bedroom home ended up requiring an outlay of about $623,290 over 13.2 years of ownership. Mortgage payments alone accounted for $270,593 of that, with maintenance and repairs adding up to $192,139.

Persons: You’ve, you’ve

The decision by EPA Administrator Michael Regan means that one of the agency's most important air quality regulations will not be updated until well after the 2024 presidential election. Political Cartoons View All 1145 ImagesThe delay marks the second time in 12 years that a Democratic administration has put off a new ozone standard prior to an election year. Former President Barack Obama shut down plans to tighten ozone standards in 2011, leading to four-year delay before the standards were updated in 2015. "Unfortunately we’ve seen the process for updating the ozone standards repeatedly swept up in political games that risk lives,'' the lawmakers said in an Aug. 7 letter to EPA. Lianne Sheppard, a University of Washington biostatistics professor who chairs the scientific advisory panel, said Regan's decision was “his alone” to make.

Persons: Michael Regan, “, Regan, ”, Barack Obama, Paul Billings, Raul Garcia, ” Garcia, Sen, Sheldon Whitehouse, we’ve, Conor Bernstein, EPA’s, Donald Trump, Bernstein, Andrea Woods, —, Lianne Sheppard, Richard Moore, Peggy Shepard, Moore, Sheppard, Tomas Carbonell, Carbonell Organizations: WASHINGTON, Environmental Protection Agency, Republicans, Democratic, American Lung Association, National Mining Association, American Petroleum Institute, Scientific Advisory, White, Environmental, EPA, University of Washington, E, White House, Los Jardines Institute, WE ACT, Environmental Justice, Air Locations: Billings, Albuquerque , New Mexico, New York City

REUTERS/Elizabeth Frantz/File PhotoNEW YORK/WASHINGTON, Aug 8 (Reuters) - The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The administration is expected to target active investment such as U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence. Most investments captured by the order will require that the government be notified about them, sources have said. The details are still a work in progress, but it is unlikely to cover passive or securities investments, the person said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Jake Sullivan, Gina Raimondo, Emily Benson, Benson, David Shepardson, Karen Freifeld, Lincoln, Jonathan Oatis Organizations: White, REUTERS, Reuters, National, . Commerce, The New York Times, U.S . Department of Commerce, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Beijing, United States

U.S. President Joe Biden delivers remarks on access to mental health care in the East Room of the White House in Washington, U.S., July 25, 2023. REUTERS/Elizabeth Frantz/File PhotoNEW YORK/WASHINGTON, Aug 8 (Reuters) - The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue a the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The White House declined to comment on Tuesday. Most investments captured by the order will require that the government be notified about them, sources have said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Jake Sullivan, Gina Raimondo, Emily Benson, Benson, David Shepardson, Karen Freifeld, Lincoln Organizations: White, REUTERS, Reuters, National, . Commerce, The New York Times, U.S . Department of Commerce, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Beijing, United States

☆ White House to detail plans restricting some U.S. investments in China: Reuters
▼ + stars: | 2023-08-09 | by ( ) www.cnbc.com time to read: +1 min

The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China. The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue a the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on U.S. investment in China will be narrowly targeted.

Persons: Joe Biden, Biden, Jake Sullivan, Gina Raimondo Organizations: Reuters, . Commerce Locations: China, U.S, Beijing

☆ Biden order curbing investment to China expected next week-sources
▼ + stars: | 2023-08-04 | by ( Karen Freifeld | ) www.reuters.com time to read: +3 min

REUTERS/Jonathan Ernst/File PhotoAug 4 (Reuters) - President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter. The order is expected to target U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence. Most investments captured by the order will require that the government be notified about them. The regulations are not expected to take effect right away and the administration will solicit comment on its proposals, according to sources. Sources have told Reuters the investments that will be restricted are expected to track export control rules for China issued by the U.S. Department of Commerce in October.

Persons: Joe Biden, Jonathan Ernst, Cordell Hull, Janet Yellen's, Laura Black, Emily Kilcrease, Karen Freifeld, Anna Driver Organizations: Auburn Manufacturing, REUTERS, U.S . Commerce Department, U.S, Foreign Investment, Reuters, U.S . Department of Commerce, Thomson Locations: U.S, Auburn , Maine, China, Yellen, United States

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