DIRS.INFO The most relevant business & tech news

☆ 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 will Beijing respond to Trump’s cabinet of China hawks?
▼ + stars: | 2024-11-29 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —One called China an “existential threat.” Another called for a “whole-of-society effort” to confront China and was sanctioned – twice – by Beijing. “If you look at Trump’s team, most, if not all, are China hawks. His nominee for secretary of state, Sen. Marco Rubio, is known in China as the “anti-China vanguard” and currently sanctioned by Beijing. “Many of the hardliners indeed want a full confrontation and decoupling with China, but is that truly Trump’s objective for US-China relations? And in the eyes of Beijing, Rubio is not even the worst pick, according to Chinese experts.

Persons: Donald Trump’s, Elon Musk, ”, Yun Sun, “, China –, Trump, –, Hal Brands, Brands, Mike Waltz, Sen, Marco Rubio, Pete Hegseth, Wu Xinbo, Aaron Schwartz, SIPPL, Tesla, ” Sun, Beijing’s, Musk, Lyle Morris, Trump’s, Scott Bessent, ” Jamieson Greer, who’s, Robert Lighthizer, Greer, Wu, Rubio, Mike, Pompeo, ” Wu, ” Pompeo, Biden, Leon Neal, Wang Yiwei, Lai Ching, Taiwan ”, JD Vance, Xi, he’s, Wang Organizations: Hong Kong CNN, Observers, Trump, Stimson, National Security Council, Johns Hopkins School, International, Chinese Communist Party, Beijing, FOX News, Center for American Studies, Shanghai’s Fudan University, Elon, Asia Society Policy Institute, Fudan University, Getty Images Taiwan, Renmin University, Taiwan, Industry, Wall Street Locations: Hong Kong, China, –, Beijing, United States of America, Washington, America, Taiwan, crackdowns, Xinjiang, Taipei, Ukraine, Asia

☆ Xi Jinping's military purge is bleeding into his elite circle of generals commanding China's forces
▼ + stars: | 2024-11-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Adm. Miao Hua is one of six members of an exclusive commission led by Xi that oversees China's military. He's the latest in a string of high-ranking defense officials to be purged from China's military. A top-ranking admiral in China's Central Military Commission — the highest body commanding its forces — has been placed under investigation, the country's defense ministry said on Thursday. AdvertisementTwo vicechairmen of the Central Military Commission have been investigated before, but only after they exited the commission. The push has coincided with Xi's heavy emphasis on modernizing China's military and catching up in strength with US forces.

Persons: Adm, Miao Hua, Xi, —, Wu Qian, Miao, Xi Jinping, Zhang Youxia, Dong Jun, Dong, Li Shangfu, Wei Fenghe, Guo Boxiong, Xu Caihou — Organizations: Commission, People's Liberation Army, PLA Navy, Financial Times, Central Military Commission, CNN Locations: Fujian, Beijing, China

The yellow arrow and palm trees may not be as globally recognizable as McDonald's golden arches, but California-based burger chain In-N-Out Burger has still managed to amass a cult following with its "animal-style" fries and double-double burgers. It brings in an estimated $2.1 billion a year, according to food service consulting firm Technomic. He adds that the chain has the highest sales per store in the burger segment. Despite inflation, the price of a basic burger at In-N-Out has only increased by 25% since 2020 — the lowest increase amongst nine burger joints studied by Technomic. Learn how to earn passive income online, master your money, ace your job interview and salary negotiations, and become an effective communicator.

Persons: Burger, Harry, Esther Snyder, Kevin Schimpf, it's, Esther's, Lynsi Snyder, Stacy Perman, Perman Organizations: Technomic, Forbes, CNBC Locations: California, Baldwin Park , California, U.S

☆ Couple launched a T-shirt side hustle that got endorsed by Oprah—their business could bring in $300,000 this year
▼ + stars: | 2024-11-26 | by ( Natalie Wu | ) www.cnbc.com time to read: +2 min

Ashley Green learned that when she was 21 years old: Her mom died suddenly, leaving her with only one picture of them together. The lesson inspired her and her husband Kenny Green to start a clothing company, Kaans Designs, while she was on maternity leave in 2014. Kaans Designs sells matching sets of shirts and apparel made for families' "perfect photo op," according to the company's website. On "Shark Tank," the Greens asked the show's panel of investor judges for $75,000, in exchange for a 15% equity stake in Kaans Designs. Their small business is profitable, they said — making $44,000 last year — and it's appeared on Oprah Winfrey's "favorite things" list twice.

Persons: Ashley Green, Kenny Green, Ashley, Kenny, sweatshirt, it's, Oprah Winfrey's Organizations: Kaans, Greens, CNBC Locations: Fort Wayne , Indiana

☆ Jon Chu shares updates on a long-awaited 'Crazy Rich Asians' sequel
▼ + stars: | 2024-11-25 | by ( Kaitlyn Schwanemann | Kaitlyn Schwanemann Is An Intern For Nbc News. | ) www.nbcnews.com time to read: +2 min

Jon M. Chu, fresh off the set of the blockbuster “Wicked,” shared details about the potential “Crazy Rich Asians” sequel. “There’s too much on the line for everybody.”Shortly after the 2018 release of “Crazy Rich Asians,” a sequel to the romantic comedy began moving forward. “Crazy Rich Asians” grossed $35 million within five days of its premiere, and it was the first major studio film to feature an all-Asian cast in 25 years. “Crazy Rich Asians” skyrocketed several Asian American actors to stardom, including Constance Wu, Awkwafina, Henry Golding and Gemma Chan. Warner Bros. Theatre Ventures revealed in April that the “Crazy Rich Asians” musical, which will mark Chu’s Broadway debut, was in the works.

Persons: Jon M, Chu, ”, ” Chu, “, Rich, Constance Wu, Awkwafina, Henry Golding, Gemma Chan, Michelle Yeoh, Kevin Kwan, Rachel, Wu, Nick, Golding, “ Rich Organizations: Rich, Rich Asians ”, Hollywood, Crazy Rich Asians, Warner Bros, Singapore ., Warner Bros . Theatre Ventures Locations: American, Singapore

☆ At 17, he bought a sandwich shop for $125,000—he renamed it Jersey Mike's and just sold it for $8 billion
▼ + stars: | 2024-11-23 | by ( Natalie Wu | ) www.cnbc.com time to read: +1 min

The shop, which he ended up renaming Jersey Mike's Subs, has since made him a billionaire. The deal reportedly valued Jersey Mike's Subs at around $8 billion including debt, bumping Cancro's net worth to estimated $7.5 billion, according to Bloomberg. The night his mom suggested he buy the business he'd been working at since he was 14, he laughed, Cancro told Forbes in August. He called the restaurant owner the next day and the owner told Cancro he had a week to find $125,000, Cancro told "The Jedburgh Podcast" in 2021. Cancro became the sole owner of Mike's Subs before even graduating from high school.

Persons: Peter Cancro, he'd, Cancro, Forbes Organizations: Subs, Jersey Mike's Subs, Blackstone, Bloomberg, University of North, Forbes Locations: Pleasant , New Jersey, Jersey, University of North Carolina

Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.

Persons: Donald Trump, don’t, Trump, Vladimir Putin, “, Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, ‘, Mike Waltz, Xi, Sergey Bobylev, ”, Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, “, U.S, Economist, Chinese Communist Party, Getty Images, ”, Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, “, Contemporary China, “ China, European, North Korea, U.S, Dubai

☆ Taiwan plans to spend $1B a year pivoting its economy from semiconductors to AI
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Wu Cheng-wen told Nikkei Asia that "AI sovereignty" is critical and benefits Taiwan's security. Taiwan is planning to spend about $1 billion a year on artificial intelligence as part of its efforts to shift its economy away from semiconductors. On Thursday, Taiwan's science and technology minister told Nikkei Asia that the government would spend $3 billion over 3 years to ramp up AI data centers and their computing ability. AdvertisementThe move comes as the country is not only trying to diversify its economy toward industries like AI, but also away from China. AdvertisementWu told Nikkei Asia that he is looking forward to cooperating with the US after Trump takes office in January.

Persons: Wu Cheng, Wu, Donald Trump's, TSMC Organizations: Nikkei, Financial Times, Taiwan Semiconductor Manufacturing Co, Reuters, China, Bloomberg, US, Trump Locations: Taiwan, Nikkei Asia, China, India, Arizona

For “Interior Chinatown” star Jimmy O. Yang, playing an invisible Chinatown extra in the new series hit close to home. “Interior Chinatown,” based on the National Book Award-winning novel of the same name by Charles Yu, is technically a show within a show. His character, Willis, sneaks into “Black and White” by disguising himself as the tech guy and the Chinese food deliveryman, using these stereotypes to his advantage. Though Willis learns to jump between the worlds of “Black and White” and Chinatown, Fatty stubbornly refuses to leave the Chinese restaurant where the two friends work. “We were really strategic with when to highlight the fact that I came from both worlds,” Bennet said.

Persons: Jimmy O, Yang, Willis Wu, Charles Yu, — Yang, Chloe Bennet, Ronny Chieng —, Willis, ” Yang, “, “ We’re, ”, Fatty Choi, Fatty, ” Chieng, Mike Taing, Lana Lee, Bennet, ” Lee, Lana, ” Bennet, “ Lana, Charlie, Yu Organizations: Hulu, Chinatown Locations: “, Chinatown, America, Hulu

But the decline in support for Ms. Harris in some of the country’s most liberal areas is particularly notable. For example, in Fulton County, which contains most of Atlanta, Ms. Harris gained about 4,500 votes, but Mr. Trump gained more than 7,400. He similarly outran Ms. Harris where she made gains in Wake County, N.C., Lancaster County, Pa., and Montgomery County, Texas. In Milwaukee County in swing-state Wisconsin, Ms. Harris lost 1,200 voters compared with Mr. Biden’s total in 2020, while Mr. Trump gained more than 3,500. But he lost votes, as did Ms. Harris, in majority-Black counties, especially those in the South where turnout dropped overall.

Persons: Harris, Biden, Donald Trump, Kamala Harris’s, Joseph R, Iowa Kan, Trump, Larry Sabato, Mr, Sabato, “, Trump Harris, Eli Murray, Elena Shao, Charlie Smart, Christine Zhang, Biden’s, Christine Zhang Ms, Joel Benenson, Barack Obama’s, ” Mr, Benenson, Harris Trump, John McLaughlin, pollster, McLaughlin, ” Organizations: Trump, New York Times, Hawaii Idaho Ill, N.D . Ohio Okla, D.C, Biden, Mr, Harris Trump, Democratic, Lean Democratic, Lean Republican, Center, Politics, University of Virginia, Florida’s Miami, Republican, Republicans, Harris Trump Arizona, Indiana, Nebraska, Washington, of Columbia Locations: Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Chicago, Los Angeles and New York, Texas, Florida, New Jersey, New York, Georgia, Fulton County, Atlanta, Wake County, Lancaster County, Montgomery County , Texas, Milwaukee County, Wisconsin, Milwaukee, Charlotte, Flint, Scranton, Dade County, Miami, Fresno County, Pinellas County, Fla, Black, Michigan, Nevada, Carolina, Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Hampshire, Jersey, Mexico, York, Dakota, Ohio, Oklahoma, Oregon, Tennessee, Utah, Vermont, Virginia, Wyoming

☆ China's top financial officials set to speak at Hong Kong summit
▼ + stars: | 2024-11-19 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

GUANGZHOU, CHINA - APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global financiers summit in Hong Kong. Hosted annually by the Hong Kong Monetary Authority, the third Global Financial Leaders Investment Summit will hold its main events throughout the day, after hosting guests at a welcome dinner on Monday evening. He, who oversees a top-level economic and financial policy-making body, would be delivering an opening keynote speech at the summit, according to South China Morning Post. Li Yunze, minister of China's National Financial Regulatory Administration, along with with Wu Qing, Chairman of China Securities Regulatory Commission and Zhu Hexin, deputy governor of People's Bank of China, are scheduled to discuss mainland China's financial developments in a panel, according to HKMA's agenda of the summit.

Persons: Lifeng, Janet Yellen, Li Yunze, Wu Qing, Zhu Hexin, Daniel Pinto, Morgan Stanley, Ted Pick, Jane Fraser, Goldman Sachs, David Solomon Organizations: U.S, Treasury, Hong Kong Monetary Authority, Global Financial, Investment, China Morning, Financial Regulatory Administration, China Securities Regulatory Commission, People's Bank of China, JPMorgan Chase, Citigroup Locations: GUANGZHOU, CHINA, Guangzhou, China, Hong Kong, Beijing

☆ Hong Kong jails 45 democracy activists in landmark national security trial
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: +3 min

Police stand guard outside the West Kowloon Magistrates' Courts building before the sentencing against the 45 convicted pro-democracy activists charged under the national security law, in Hong Kong, China November 19, 2024. Hong Kong's High Court on Tuesday jailed 45 pro-democracy activists for up to 10 years following a landmark national security trial that has damaged the city's once feisty democracy movement and drawn criticism from the U.S. and other countries. A total of 47 pro-democracy activists were arrested and charged in 2021 with conspiracy to commit subversion under a Beijing-imposed national security law and had faced sentences of up to life in prison. The Chinese and Hong Kong governments say the national security laws were necessary to restore order after mass pro-democracy protests in 2019, and the democrats have been treated in accordance with local laws. Australia's Foreign Minister Penny Wong said she was "gravely concerned" about the sentence, and called on China to "cease suppression of freedoms of expression, assembly, media and civil society," in Hong Kong.

Persons: Benny Tai, Gordon Ng, Owen Chow, Penny Wong, Joshua Wong, Chow, Gwyneth Ho, Hendrick Lui, Elsa Wu Organizations: Hong, Authorities, Kowloon Magistrates Locations: Kowloon, Hong Kong, China, Hong Kong's, U.S, Beijing

☆ Elon Musk downsized Big Tech. Can he do the same to Big Government?
▼ + stars: | 2024-11-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.

Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, — Locations: Ecuador, Independence

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Too Good To Go brings in $162 million/year selling leftoversToo Good To Go is on a mission to eliminate food waste on a global scale. Its app connects users to retailers selling surprise bags of leftover food at the end of the day. In 2023, the Danish company brought in about $162 million in revenue.

Locations: Danish

"I just thought [Too Good To Go] was the most genius app, and I loved the concept," she says. "[Food waste] a massive, massive issue, and it's important that we solve it fast," Lykke says. Conviction to stay the courseToo Good To Go, which has nearly $158 million in investment funding, isn't the only for-profit company trying reduce food waste. Some app users like Niles, the dumpster diver in Brooklyn, worry that Too Good To Go "greenwashes" the issue of food waste, giving users false impressions of environmental responsibility. But if every food retailer in the U.S. used a similar markdown mechanism, they'd save one million tons of food annually, according to calculations by Chicago-based nonprofit ReFED.

Persons: David Niles, Niles, He's, Mette Lykke, it's, Thomas Bjørn, Stian Olesen, Klaus Bagge Pedersen, Brian Christensen, Adam Sigbrand, Lykke, Armour, Susan Prunty, Dana Gunders, That's, ReFED Organizations: CNBC, Bank, Venture Locations: Brooklyn , New York, U.S, Copenhagen, Europe, North America, Australia, United States, Medford , Oregon, Brooklyn, Chicago

“I was completely stunned when he mentioned violence so bluntly,” said the 32-year-old, who was born and raised in China. In Britain, “Cafe Scientifique,” a laid-back science debate forum, kicked off in 1998 and “Pint of Science,” a three-day science festival, launched in May 2013. Unlike Western universities, which generally welcome the public, most Chinese campuses remain fenced off, keeping their academic resources exclusive to students, faculty and authorized personnel. Nationalist voices online have also grown into a powerful unofficial force policing speech across Chinese social media. Liang, who deemed the state-building talk “bold,” said he loves these academic pub sessions but suspects they will eventually face restriction.

Persons: Hong Kong CNN —, Liang Xiao, urbanites, Liang, ”, …, Lei Ya, Cinnamon Wu, Wu, Jerry Zhang, “ It’s, ” Wu, Zhang, Jerry Zhang Elephant, China’s, They’ve, Lei, Kang Siqin, Kang, ” Kang Organizations: Hong Kong CNN, American, Guangzhou –, Harvard University, CNN, ” University, Communist Party, Chinese University of Hong Locations: Hong Kong, Shanghai, China, “, China’s, Beijing, Guangzhou, West, Britain, ”, Chinese University of Hong Kong, Shenzhen

Graves defines work-life balance as scheduling family time into his calendar, to avoid getting lost while growing his company. "There's always something to work on and you'll just constantly do it, so it's being very diligent on planning," says Graves. "You might be tired, but you're not going to be dragging around ... You're going to be just as enthusiastic for those special times [with your family]." You can similarly schedule wellness days into your life, psychologist Casey Tallent told CNBC Make It in September. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Todd Graves, Graves, I'm, Cane's, procrastination, Nir Eyal, it's, Casey Tallent Organizations: CNBC Locations: Baton Rouge , Louisiana

☆ What the recall of progressives in the Bay Area says about Asian American views on crime
▼ + stars: | 2024-11-13 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

The recall last week of two Bay Area officials who both championed progressive crime policies reflects long-held frustrations around a previous increase in violence targeting the Asian American community, experts say. The vote is indicative of Asian Americans’ rightward shift toward tougher crime policies like much of the state, analysts say. From March 2020 to December 2021, Asian Americans and Pacific Islanders across the country reported nearly 11,000 hate incidents, including verbal and physical abuse, being coughed at or spat on, and facing discrimination in the workplace. “And a lot of people say, ‘Oh, we’ve moved on from that era.’ I don’t think Asian Americans have,” said James Zarsadiaz, author of “Resisting Change in Suburbia,” whose research focuses on Asian American conservatism. In San Francisco, for example, officials received 60 reports of hate crimes against Asian Americans in 2021, compared with the nine in 2020.

Persons: Sheng Thao, Pamela Price, Kamala Harris, Donald Trump, San Francisco Mayor London Breed, Levi Strauss, Daniel Lurie, Chesa Boudin, we’ve, ”, James Zarsadiaz, Russell Jeung, that’s, ” Jeung, “, it’s, Thao, Price, Thao’s, ” Price, Jasper Wu, Price’s, Venus Gist, Zarsadiaz, “ It’s, they’ve, ” Zarsadiaz, “ They’re, there’s Organizations: American, Oakland, Bay Area, San Francisco Mayor London, Democrat, San, Pacific Islanders, San Francisco State University, Oakland Police Department, FBI, NBC, Asian, University of San Locations: Alameda County, Oakland, Bay, San Francisco’s, Americans, California, Alameda, American, San Francisco, University of San Francisco

The Summary An advanced diagnostic test uses genetic sequencing to detect a range of pathogens — viruses, bacteria, fungi and parasites — that might be causing an illness. A cutting-edge diagnostic test is helping some doctors find diagnoses for medical mysteries by analyzing DNA and RNA to detect a broad swath of viruses, bacteria, fungi and parasites, according to a pair of studies published Tuesday. Traditional diagnostic tests are generally designed to measure specific substances such as proteins, hormones or trace amounts of genetic material. The technology is not a replacement for existing tests used to diagnose common illnesses — like those for Covid or strep throat — since it’s slower to deliver results and more expensive. The test also misses some cases, she added, so it should be used alongside other diagnostic tests in hospitals.

Persons: ”, Charles Chiu, Noah Berger, Covid, Chiu, it’s, Susan Butler, Wu, ” Butler, “ It’s Organizations: University of California, Nature, UCSF, Nature Communications, Drug Administration, University of Southern Locations: San Francisco, Mexico, UCSF, University of Southern California

☆ The derivative markets were far more accurate than the 2024 election polls: RBC's Amy Wu Silverman
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe derivative markets were far more accurate than the 2024 election polls: RBC's Amy Wu SilvermanAmy Wu Silverman, RBC Capital Markets head of derivatives strategy, joins 'Squawk Box' to discuss the role of the derivative markets in the 2024 election, impact of the Trump trade, and more.

Persons: Amy Wu Silverman Amy Wu Silverman, Trump Organizations: RBC Capital Markets

☆ What Trump's mass deportation plan would mean for immigrant workers and the economy
▼ + stars: | 2024-11-10 | by ( Kevin Williams | ) www.cnbc.com time to read: +13 min

Mass deportation would exacerbate this economic issue, say employers and economists. Leverant says it is still being determined how jobs lost from a mass deportation would be filled. "Looking at specific occupations, about one-quarter of farm workers, agricultural graders, and sorters are undocumented workers. "One of the natural problems with undocumented workers, we don't know how many are here because they are undocumented. A mass deportation is not possible without crippling economic impact," he said.

Persons: Donald Trump, Donald J, Trump, Jason Leverant, Leverant, Chad Prinkey, AtWork, Janeesa Hollingshead, Hollingshead, Uber, Trump's, David Leopold, Leopold, Kristen Welker, isn't, they're, Nan Wu, Wu, Prinkey Organizations: U.S, White, TPS, AtWork, American Progress, American Immigration Council, American Community Survey, Pew Research Center, Consulting, Uber Works, American Immigration, Citizenship, Immigration Services, Trump, NBC News, AIC, USDA, Conservative, CNBC Workforce, cnbccouncils.com, wec Locations: Mexico, Eagle, , Texas, Piedras Negras, U.S, United States, Madison, New York, Greensfelder, California, Prinkey, Boston, Austin

☆ We asked Americans what they’d heard about Trump and Harris throughout the campaign. Here’s what they told us
▼ + stars: | 2024-11-10 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +6 min

Georgetown University, University of Michigan and s3mc.orgGeorgetown University, University of Michigan and s3mc.orgWhat also stands out in the charts over time is the lack of a sustained narrative about either candidate. On average, over the 20 weeks The Breakthrough survey was fielded this year, roughly 76% of US adults said weekly they’d heard at least some news about Trump. In the 15 full weeks of data following Harris’ entry into the race, a slightly smaller share – about 71% on average – said they’d heard something about her. Sentiments expressed by political independents when talking about the news surrounding Trump were negative throughout the campaign. Their sentiment when discussing what they’d heard about Harris, which was close to neutral at the start of her candidacy, declined modestly throughout the fall, undercutting her advantage over Trump on that metric.

Persons: Donald Trump, Kamala Harris, Trump’s, Joe Biden, Harris, ”, Harris –, SSRS, Trump, Gallup’s Frank Newport, “, …, Hillary Clinton, they’d, Biden, –, undercutting, Jennifer Agiesta, Edward Wu Organizations: CNN, Trump’s, Trump, Georgetown University, University of Michigan Locations: Puerto Rico

But some are pointing to an issue with far less power in American politics: transgender rights. Between the 2020 and 2024 elections, transgender rights have become a political flashpoint in the nation’s culture wars. And perhaps nothing stoked more conversation than the issue of transgender girls and women competing in girls and women’s sports. “Please do not blame trans issues or trans people for why we lost,” he wrote on X on Thursday. Brianna Wu, a prominent transgender Democratic activist, told NBC News in an interview that the debate over trans rights has “radically shifted” in recent years.

Persons: Joe Biden, Tom Suozzi, “, Seth Moulton, I’m, Moulton, Tom Williams, Gilberto Hinojosa, ” Hinojosa, Brad Pritchett, Hinojosa’s, ” Pritchett, ”, Kamala Harris, Donald Trump, Bud, Lia Thomas, Thomas ’, Imane Khelif, Rich von Biberstein, Harris, “ Kamala, Trump, ” Harris, Hallie Jackson, Sam Alleman, Brianna Wu, Wu, ” Wu Organizations: ”, New York Times, “, Suozzi, Inc, Getty, Texas Democratic, Democratic, Equality, NBC News, NBC, American Civil Liberties Union, Corporate America, University of Pennsylvania’s, NCAA, Paris Games, University of Pennsylvania, AP, Republicans, AdImpact, NFL, Democratic National Convention, Congress, khakis Locations: Texas, Equality Texas, Algeria

☆ China's stimulus plans are choking the profitability of its megabanks, analysts say
▼ + stars: | 2024-11-08 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

A man on a mobile phone walks past a Bank of China Ltd. branch in Guangzhou, Guangdong Province, China, on Thursday, March 27, 2014. China's largest state-owned banks are likely to see their record low profit margins decline even further as Beijing's broader stimulus package comes into play, analysts say. Still, that was 18 basis points lower from the beginning of this year. At the end of June, overall commercial bank margins dropped to 1.54%, a record low, according to official data from the national financial regulatory administration. They see NIM for state-owned banks contracting by 15-25 basis points in 2024, and "mid- to- high single-digit basis points" next year.

Persons: Agricultural Bank of China —, NIM, Karen Wu Organizations: Bank of China Ltd, — Industrial, Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of, Bank of, CNBC, Morningstar Locations: Guangzhou, Guangdong Province, China, China's, Agricultural Bank of China, Bank of China, Beijing

Search resuls for: "Wu"

25 mentions found