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☆ Elon Musk just keeps getting richer, with his net worth rising almost $150 billion this year
▼ + stars: | 2024-12-09 | by ( Theron Mohamed | Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Elon Musk's net worth keeps rising on the back of Tesla's stock surge since the election. Tesla stock closed on Friday at just over $389, pushing the EV maker's valuation to a new high. AdvertisementElon Musk just keeps getting richer following the postelection rally for Tesla stock. Musk is now worth $376 billion — $130 billion ahead of Amazon founder Jeff Bezos, who's worth $246 billion. His $376 billion net worth is about $30 billion higher than the market cap of Salesforce, valued at $346 billion — or $27 billion more than the combined wealth of Walmart heirs Jim, Rob and Alice Walton.

Persons: Elon, Jeff Bezos, Donald Trump's, Mark Malek, Trump, Tesla, Austin, BofA, Warren Buffett's, Berkshire Hathaway, Musk, Rob, Alice Walton . Organizations: SpaceX, Bloomberg, Amazon, Dow, Marketwatch, PAC, Bank of America, Optimus, Tesla Locations: Dow Jones, Berkshire, Delaware

☆ Read the full transcript: President-elect Donald Trump interviewed by "Meet the Press" moderator Kristen Welker
▼ + stars: | 2024-12-08 | by ( ) www.nbcnews.com time to read: +111 min

PRESIDENT-ELECT DONALD TRUMP:No, no —KRISTEN WELKER:And there’s no —PRESIDENT-ELECT DONALD TRUMP:He can’t deny it. KRISTEN WELKER:We’re going to —PRESIDENT-ELECT DONALD TRUMP:For what they did —KRISTEN WELKER:Yeah —PRESIDENT-ELECT DONALD TRUMP:– honestly, they should go to jail. PRESIDENT-ELECT DONALD TRUMP:For what they did —KRISTEN WELKER:Everyone on the committee you think —PRESIDENT-ELECT DONALD TRUMP:I think everybody —KRISTEN WELKER:– should go to jail? PRESIDENT-ELECT DONALD TRUMP:We’re talking about --KRISTEN WELKER:You won’t touch Medicare --PRESIDENT-ELECT DONALD TRUMP:– theft --KRISTEN WELKER:– Social Security? KRISTEN WELKER:But you --PRESIDENT-ELECT DONALD TRUMP:I want to stop--KRISTEN WELKER:– have talked about --PRESIDENT-ELECT DONALD TRUMP:Let me tell you what --KRISTEN WELKER:– the other world leaders.

Persons: KRISTEN WELKER, Donald Trump, DONALD TRUMP, Grover Cleveland, we’re, we’ll, We’re, Pete, He’s, Pete Hegseth, “, you’re, ”, “ I’m, there’s, ” KRISTEN WELKER, Decker, AutoZone, it’s, Covid, Jim Jordan, they’re, would’ve, I’ll, Justin Trudeau, Xi, Biden, I’ve, Will, Jerome Powell, –, You’ve, who’s, we’ve, — KRISTEN WELKER, they’ve, should’ve, Tom Homan —, Tom Homan, you’ve, —, David Muir, David, Kristen, Obama, We’ll, They’re, I’m, John McCain, Collins, — it’s, “ That’s, could’ve, Obamacare, Kate Britt, Roe, Wade, Joe Biden, Kash Patel, Hillary Clinton, Bill Barr, Christopher Wray, Pam, Pam Bondi, Kash, that’s, Trey Gowdy, he’s, Joe Biden —, Jack Smith, Don’t, You’re, Trump, Russ Vought, Brendan Carr, Peter Navarro, John Ratcliffe, Pete Hoekstra, Monica Crowley, let’s, Let’s, Hunter, “ Sir, Everything’s, Fani Willis, Fani, It’s, Alvin Bragg, Letitia James, Liz Cheney, Adam Schiff, Anthony Fauci, Biden doesn’t, Cheney, Kamala, Thompson, Nancy Pelosi, Sir, Bennie Thompson, Ray Epps, “ You’re, who’ve, Tulsi Gabbard, Bashar al, Assad, Putin, Xi of, Kim Jong, Oz, Elon Musk, Jeff Bezos, Mary Barra, Mark Zuckerberg, Vivek Ramaswamy, “ You’ve, Israel wouldn’t, Ukraine would’ve, Russia’s, Ukraine’s, Biden should’ve, aren’t, Netanyahu, Jack, don’t, couldn’t, Joe, she’s, Ivanka, She’s, she’d, “ Don’t, “ don’t, Lara, Michael, George Stephanopoulos, MAGA, There’s, McLaughlin, Fabrizio, “ George Washington, Abraham Lincoln, hasn’t, It’s — KRISTEN WELKER, Russia wouldn’t Organizations: Press, Republicans, Trump, Harvard, Fox, America, United, United States ’, Walmart, Black, Biden, Whirlpool, Canada, Mar, White, Federal Reserve, Democrats, FBI, ”, Capitol, Department, “, Republican Party, Truth, Justice Department, DOJ, NBC, National Guard —, D.C, CNN, —, Defense Department, National Intelligence, RFK Jr, Autism, Elon, Electoral, Electoral College, Government, Social Security, Medicaid, Security, NATO, U.S ., Service, Exxon, Republican National Committee, Republican, ISIS Locations: America, they’re, Princeton, Fox, United States, China, Canada, Mexico, Ohio, South Korea, Canadian, California, Mississippi, Alabama, New York, Liberty, Venezuela, Colorado, San Diego , California, United States of America, Russia, Hague, Florida, Mar, —, Manhattan, Antifa, Portland, Portland . Seattle, Seattle . Seattle, . Minneapolis, Minneapolis, ”, Xi of China, Hunter, Ukraine, Europe, East, Gaza, Taiwan, U.S, TikTok, UN, It’s, Syria, Afghanistan

☆ Pennsylvania grandmother who fell down sinkhole looking for cat found dead after 4-day search
▼ + stars: | 2024-12-06 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

The Pennsylvania grandmother who fell through a sinkhole while searching for her cat has been found dead after a four-day search, officials say. Elizabeth Pollard, 64, was last seen around 5 p.m on Monday in Unity Township, about 40 miles southeast of Pittsburgh. She was believed to have fallen through a sinkhole and into a decades-old mine shaft, estimated to be at least 30-feet deep. Her body was found Friday, NBC affiliate WPXI of Pittsburgh reported citing state police.On Wednesday, Pennsylvania State Police told reporters that the nature of search shifted from a rescue to a recovery mission. Pennsylvania State PolicePollard had been reported missing by a relative on Monday.

Persons: Elizabeth Pollard, Police Pollard Organizations: NBC, Pittsburgh, Pennsylvania State Police, Elizabeth Pollard . Pennsylvania, Police, . State Locations: Pennsylvania, Unity Township, Pittsburgh

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Eli Lilly, Cheesecake Factory, Walmart, Costco, Broadcom & more
▼ + stars: | 2024-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies upgrades Diageo to buy from hold Jefferies says it sees "renewed focus on growth" for the beverage company. Goldman Sachs initiates Cheesecake Factory and Brinker as buy Goldman said in its initiation of Cheesecake that it has "unit growth potential." Morgan Stanley upgrades Hewlett Packard Enterprise to overweight from equal weight Morgan Stanley says it's bullish on the company's acquistion of Juniper. Morgan Stanley downgrades Applied Materials to underweight from equal weight Morgan Stanley says it sees a "weaker operating environment" for the semis company. Morgan Stanley initiates Brown & Brown as overweight Morgan Stanley says the insurance risk management company has a competitive advantage.

Persons: Piper Sandler, Piper, Jefferies, Goldman Sachs, Brinker, Goldman, it's bullish, Bernstein, Oppenheimer, it's, Wolfe downgrades Ford, Wolfe, Morgan Stanley, Brown, Tesla, gigafactory, Robin Hood, Vlad Tenev, Eli Lilly, Orforglipron Organizations: Nvidia, AMD, Intel, Jefferies, Diageo, Disney, Broadcom, Detroit, Ford, Citi, Netflix, Hewlett Packard Enterprise, JPMorgan, ConocoPhillips, Barclays, Gates, Bank of America, Walmart, Costco, Optimus, Deutsche Bank, Deutsche Locations: F4Q, Juniper, OW, Austin , TX

Asian Americans now make up 12% of the electorate in Nevada, with Filipinos being the largest subgroup. In 2020, President Joe Biden won 64% of the state’s Asian American vote, while Trump took 35%. But in 2022, support in the Nevada governor’s race was more split among the local Asian American, Native Hawaiian and Pacific Islander community, which only voted blue by an 8% margin. But frankly, Covid, or as I call it, ‘the China virus,’ was a step too far,” he said. Trump took a moment to praise the Filipino community, saying he likes their clothes.

Persons: Donald Trump, Trump, Tulsi Gabbard, Vivek Ramaswamy, ” Trump, Joe Biden, Xi, ’, ”, Eli Michaels, “, ” Vivek Ramaswamy, Patrick T, Fallon, Harris, Trump’s, Charlie Kirk, Kamala Harris, Ramaswamy, Gabbard, “ He’s, Vivek Organizations: American, Pacific, Change, Hawaii Rep, GOP, Hispanic, NBC News, Getty, Nevada’s, Las, Indian American, Trump Locations: Las Vegas, “, Pacific Islander, Nevada, Hawaiian, China, AFP

☆ Voss Capital wants to maximize shareholder value at International Money Express. How it may play out
▼ + stars: | 2024-09-14 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: International Money Express is an omnichannel money remittance services company. IMXI offers money transfer services digitally through a network of agent retailers in the United States, Canada, Spain, Italy and Germany. It offers money remittance services to Latin America and the Caribbean countries, mainly Mexico and Guatemala. International Money Express is a money remittance services provider which enables consumers to send money from the United States, Canada, Spain, Italy and Germany to Mexico, Guatemala and other countries in Latin America, Africa and Asia. If the IMXI does not execute on a strategic plan, Voss will likely consider director nominations.

Persons: IMXI, Voss, Madison, Benefytt, Russell, Michael Purcell, Ken Squire Organizations: Express, Caribbean, La Nacional, Capital Management, MoneyGram, Benefytt Technologies, Madison Dearborn Partners, 13D Locations: United States, Canada, Spain, Italy, Germany, Puerto Rico, America, Caribbean, Mexico, Guatemala, Latin America, Africa, Asia, Dominican Republic, United Kingdom, Voss, Madison Dearborn, Western Union, Benefytt

But, as events this week in Paris have once again shown, when it comes to women’s skating, Japan’s teenage girls are on fire. Fourteen-year-old Coco Yoshizawa’s late surge helped her beat compatriot Liz Akama, 15, to the gold medal at La Concorde Urban Park, Paris on Sunday. Sakura Yosozumi, then 19, and Kokona Hiraki, then 12, topped the 2021 Tokyo women’s park event. “Since there’s no age limit for skateboarding at the Olympics, any youngsters can compete,” Hiraki, the youngest Olympic medalist since 1936, told CNN in July. Lars Baron/Getty ImagesSkewing youngJapan aside, women’s skateboarding across both categories is dominated by teenage athletes.

Persons: Coco Yoshizawa’s, Liz Akama, ” Yoshizawa, Yuto Horigame, Jagger Eaton, Nyjah Huston, Horigame, Momoji Nishiya, Sakura Yosozumi, Kokona Hiraki, Brown, ” Hiraki, Julian Finney, ”, Junnosuke Yonesaka, Yonesaka, “, ” Akama, Lars Baron, Rayssa Leal, Cui Chenxi, Zhang Haohao, ’, China’s, Mazel Paris Alegado, Trew, Hiraki –, –, it’s Organizations: CNN, Team Japan, Concorde Urban, “, Paris Olympics, Tokyo Games, Urban Sports, Olympic, Concorde, Getty, Japan, Association, Paris, Asian Games Locations: Japan, Paris, Tokyo, France, China, Philippines

☆ Waymo's robotaxis are better than some San Francisco drivers
▼ + stars: | 2024-07-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +11 min

Waymo's autonomous driver is pretty damn smart, and aside from a few hesitations, the robotaxi offers a smooth, comfortable experience with competitive pricing against other ride-hailing apps. Lloyd Lee/Business InsiderWaymo's 5th generation autonomous driver could be best described as a safe but not an annoyingly cautious driver. It did the same thing to give itself more room when it detected a large parked bucket truck slightly in Waymo's lane. The expectation I had that the Waymo driver would be stiff, as the term "robot taxi" might suggest, was dispelled throughout the rides. The spokesperson said it's also possible I failed to notice something the Waymo car picked up.

Persons: —, San Francisco —, Uber, Lloyd Lee, Spokespeople, Lyft, Andrew Macdonald, Uber's, Waymo, Waymo's, BI's Peter Kafka, it's Organizations: Service, Business, Financial, SF, PACE, Jaguars Locations: San Francisco, Los Angeles, Austin, Pine

☆ The US relationship with China is entering a dangerous era. Time may be running out to save it.
▼ + stars: | 2024-04-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.

Persons: —, Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia

☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Airbnb, Domino's, Walmart, Disney & more
▼ + stars: | 2024-04-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bernstein reiterates Tesla as underperform Bernstein said it still sees minimal positive catalysts ahead for Tesla following earnings on Tuesday. Bank of America upgrades Tesla to buy from neutral Bank of America said it sees a slew of "positive catalysts" ahead for Tesla shares following earnings on Tuesday. Citi downgrades Molson Coors to sell from neutral Citi said it's concerned about slowing growth. Citi upgrades SiriusXM to neutral from sell Citi said the risk/reward is now more balanced. Citi reiterates Amazon as buy Citi raised its price target on the stock to $235 per share from $215.

Persons: Piper Sandler, Piper, Bernstein, Tesla, underperform Bernstein, KBW, Wells, Citi downgrades Molson, it's, Oppenheimer, Domino's, it's bullish, DPZ, SIRI, Morgan Stanley, Morgan Stanley it's, GenAI, Guggenheim, Enphase, Jefferies Organizations: Tesla, Mizuho, Bank of America, of America, Packaging Corporation of America, Citi downgrades, Citi downgrades Molson Coors, Citi, TAP, Deutsche Bank, Deutsche, Computer, Micro, Sea Limited, fintech JV, Amazon, Disney, Atlanta Braves, Braves, Microsoft Locations: Singapore, BNPL

☆ Analysis: China worried about return of Trump, but also sees opportunities if he wins 2024 election
▼ + stars: | 2024-03-10 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +15 min

Then-US President Donald Trump and his wife Melania with Chinese leader Xi Jinping and his wife Peng Liyuan at Beijing's Forbidden City in 2017. “If this decoupling is carried out by Trump 2.0 in a very forceful way, the impact on China is going to be very severe. But experts say China’s business and official sectors are likely already considering contingency plans. Chinese leader Xi Jinping and Russian President Vladimir Putin leave a reception following talks at the Kremlin in March 2023. “Whoever wins – the structure of (US) confrontation, competition, pressure to China are still there,” he said.

Persons: Joe Biden, Xi, Donald Trump, didn’t, –, Biden, Wang Yi, Trump, He’s, Trump’s, Brian Wong, ” Wong, Lintao Zhang, Obama, Melania, “, Xi Jinping, Peng Liyuan, Xie Huanchi, he’s, ”, Bala Ramasamy, Shen Dingli, Premier Li Qiang, Ronald Reagan, “ Biden, Shen, ” Trump, skeptically, Vladimir Putin, Putin, Pavel Byrkin, Wong, it’s, Wang Yiwei Organizations: Beijing CNN —, Communist Party, Biden, Senior, Trump’s “, University of Hong Kong’s, Contemporary, House, oceanside, Trump, of, Forbidden, Huawei, Oxford Economics, China Europe International Business School, Premier, American, South Korea Navy, Asia –, Russia’s, NATO, Europe, Kremlin, Getty, South Korea –, White House, Renmin University Locations: China, Beijing, State, US, Russia, Communist, Contemporary China, Taiwan, Lago, City, Xinhua, Shanghai, Southeast Asia, Latin America, Europe, China's Qingdao Port, –, Asia, Seoul, Tokyo, Ukraine, United States, AFP, Japan, South Korea, America, Washington, Hong Kong, South China

☆ Xi Jinping's high-rank purges show a 'systemic rot' in China's military that could threaten its readiness for war: senior US official
▼ + stars: | 2024-02-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

China's latest military purge shows that it's suffering from more than just graft, a senior US official said. It's likely the PLA's corruption had a material effect on its war capabilities, said Ely Ratner. But, according to Ratner, Xi's latest military purge indicated a more serious problem. Xi's anti-corruption sweep last year extended as high as China's defense minister, Li Shangfu, who was replaced in October. Several top commanders were also fired from China's Rocket Force, a branch that Xi has emphasized as key to Beijing's strength.

Persons: It's, Ely Ratner, Ratner, —, Ryan Evans, Xi Jinping, ", Xi's, Li Shangfu, Xi, hotpot Organizations: Service, Pacific Security Affairs, People's Liberation Army, Communist Party, China's, Force, Bloomberg, PLA, Radio Free, Defense, China Task Force, International Institute for Strategic Studies Locations: Beijing, China, Switzerland

☆ Uber to offer service in London's famous black cabs
▼ + stars: | 2023-11-28 | by ( Melina Khan | ) www.cnbc.com time to read: +1 min

London's famous black cabs will soon be available to ride through Uber , the ride-sharing company announced Tuesday. London's taxi drivers will be able to sign up for trip referrals through Uber starting Wednesday, and the service will go into effect in 2024. The news follows Uber's expansions into taxi offerings in Paris, Los Angeles and other major cities. More recently, in May, Uber partnered with Waymo to bring autonomous ride-hailing services to Phoenix, Arizona. Hackney carriages, also known as black cabs, are London's famously recognizable small black taxis.

Persons: Uber, Waymo Organizations: Uber, New York, Italy's, Taxi, CNBC PRO Locations: Paris , Los Angeles, New York City, Phoenix , Arizona, London, Hackney

During his news conference following the summit, Biden summed up his approach to the Chinese leader. Xi at one point called on the United States to “not scheme to suppress or contain China,” Chinese state media reported. In the talks, Biden made clear to Xi that he viewed Hamas as separate from the Palestinians. As host of the meeting, Biden walked out of the building first to welcome Xi. Speaking after Biden, Xi offered starker view of US-China ties.

Persons: Joe Biden, Xi Jinping, Biden, Xi, “, ”, “ That’s, ” Biden, Antony Blinken, Jake Sullivan, Defense Lloyd Austin, we’ve, – Biden, Xi’s, readouts, ” Xi, I’ve, I’m, That’s, Wang Yi, they’d, Sullivan, Wang, Janet Yellen, Gina Raimondo, John Kerry, –, Nikki Haley Organizations: California CNN, Biden, Defense, US, Xinhua, Hamas, Marine, China’s, American, South, Republicans Locations: Woodside, California, China, Washington, Beijing, United States, “, Taiwan, San Francisco, Israel, Iran, East, Europe, Blinken, South Carolina

☆ China's Xi offers to help Sri Lanka; buy more of its exports
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Edgar Su/File Photo Acquire Licensing RightsBEIJING, Oct 20 (Reuters) - China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said. Wickremesinghe was in the Chinese capital for the Belt and Road Forum that ended on Wednesday as well as talks on restructuring debt. "China is willing to continue to provide assistance to Sri Lanka without attaching political conditions, to help it cope with the difficulties it faces," Xi added. Last May Sri Lanka defaulted on its foreign debt as dollar reserves fell to a point where it was unable to pay for essential imports such as fuel and medicine. "China is willing to expand the import of Sri Lanka's ... products and will encourage Chinese enterprises to invest," Xi said.

Persons: Xi Jinping, Edgar Su, Xi, Ranil Wickremesinghe, Wickremesinghe, Lanka, Joe Cash, Clarence Fernandez Organizations: Initiative, of, People, REUTERS, Rights, Sri, Export, Import Bank of China, Forum, Thomson Locations: Beijing, Rights BEIJING, China, Sri Lanka, Colombo, Hambantota, Sri Lanka's

☆ China's Xi Offers to Help Sri Lanka, Buy More of Its Exports
▼ + stars: | 2023-10-20 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

Biden Urges Unity Behind U.S. AlliesThe president said it was imperative that the U.S. take the lead during the separate crises related by the common theme of defending democracy and the dignity of people.

Persons: Biden Organizations: U.S

☆ Cui Chenxi: Teen skateboarder becomes China's youngest Asian Games gold medalist
▼ + stars: | 2023-09-27 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +4 min

CNN —Thirteen-year-old Cui Chenxi of China clinched gold in women’s skateboarding at the Asian Games on Wednesday, becoming the country’s youngest gold medalist as teenage girls continue to dominate the sport. The street event requires competitors to perform tricks on a track scattered with stairs, rails, ramps, benches and more. While the men’s sport tends to be dominated by athletes in their late teens or early twenties, women’s skateboarding has skewed increasingly younger. China's Cui Chenxi competes in the final of the women's street skateboarding event during the 2022 Asian Games in Hangzhou. Meanwhile in the street event, Momiji Nishiya became Japan’s youngest-ever Olympic champion at 13, while 13-year-old Rayssa Leal of Brazil finished second and 16-year-old Nakayama third.

Persons: Cui Chenxi, Cui, ” Cui, ”, Zeng Wenhui, Ito Miyu, Japan, Funa Nakayama, China's Cui Chenxi, Hector Retamal, ” Cui’s, Alegado, Margielyn Didal, Didal, I’m, Japan’s Hinano, Li Yujuan, Mao Jiasi, Li, Sakura Yosozumi, Kokona Hiraki, Brown, Momiji Nishiya, Rayssa Leal, Nakayama Organizations: CNN, Asian Games, Reuters, Roller Sports, Paris Olympics, Games, Olympic, Getty, Weibo, Japan’s, Brazil Locations: China, Shandong, Hangzhou, Jakarta, Indonesia, Lausanne, Tokyo, AFP, Philippines

Chinese President Xi Jinping meets with Syria's President Bashar al-Assad in eastern Hangzhou city, in this handout picture released by Sana on September 22, 2023, Syria. China, the world's second-largest economy, will also support Syria's reconstruction, Chinese state media reported Xi as saying. In Chinese diplomacy, a "strategic partnership" implies closer coordination on regional and international affairs, including in the military sphere. But analysts said there was likely to be a limit to how far Beijing would help Damascus beyond recovering its regional status. "That is not part of China's role identity in the Middle East, which is to try and have a role without taking sides."

Persons: Xi Jinping, Bashar al, Sana, Handout, Syria's Assad, Assad, Xi, Caesar, Matteo Legrenzi, Joe Cash, Ella Cao, Gareth Jones Organizations: REUTERS Acquire, Saudi, Initiative, University of Venice, Thomson Locations: Assad, Hangzhou, Syria, Beijing, China, BEIJING, Iran, Saudi Arabia, Russia, Damascus, Ca'Foscari

☆ Blinken set for high-stakes China visit with tensions rising and breakthrough prospects low
▼ + stars: | 2023-06-17 | by ( ) www.cnbc.com time to read: +6 min

U.S. Secretary of State Antony Blinken has embarked on a high-stakes diplomatic trip to China to try to cool down escalating tensions between the two powers that have set many around the world on edge. Blinken will be the highest-level American official to visit China since President Joe Biden took office, and the first secretary of state to make the trip in five years. Animosity and recriminations have steadily escalated over a series of disagreements that have implications for global security and stability. Shortly before leaving, Blinken emphasized the importance of the U.S. and China establishing and maintaining better lines of communication. The agreement is part of an 18-month-old nuclear partnership given the acronym AUKUS — for Australia, the United Kingdom and the United States.

Persons: Antony Blinken, Joe Biden, Blinken, Qin Gang, Wang Yi, Xi Jinping, Biden, Xi, Bill Gates, Gates, William Burns, Jake Sullivan, Yi, Lloyd Austin, Austin, we're, Qin, Daniel Kritenbrink, Kurt Campbell Organizations: State Department, Washington , D.C, Foreign, Microsoft, CIA, Ukraine, . Defense, Washington, National Security Council Locations: Washington ,, China, Beijing, Bali, Chinese, United States, Taiwan, Hong Kong, South, Ukraine, Washington, U.S, Vienna, Taiwan Strait, Russia, Cuba, Singapore, Japan, Philippines, Australia, Britain, United Kingdom, East Asia, Asia

☆ Opinion | Even China Isn’t Convinced It Can Replace the U.S.
▼ + stars: | 2023-05-04 | by ( Jessica Chen Weiss | ) www.nytimes.com time to read: +2 min

Assessments of China based on cherry-picked phrases from party propaganda overlook the frequent gap between rhetoric and reality. Leading Chinese intellectuals openly acknowledge the difficulty of reconciling what China says with what it does. “Even we don’t believe much of what we say,” the Chinese economist Yao Yang, who is known for his pragmatic views, has said. But it is presently far from clear that it can — or even seeks to — replace the United States as the world’s dominant power. apparently see the United States as trying to keep China perpetually subordinate and vulnerable, opposing whatever China does or advocates in an international system that Beijing believes favors the United States and developed democracies.

☆ Off-the-radar destinations every China visitor should consider
▼ + stars: | 2023-03-29 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +8 min

JingdezhenLarge chimneys, used for firing porcelain, dot the skyline of Jingdezhen city. gui yong nian/Adobe StockDubbed the porcelain capital of the world, Jingdezhen has been firing quality pieces of “white gold” for more than 1,700 years. For a crash course in the city’s porcelain history, visit the newly built and photogenic Jingdezhen Imperial Kiln Museum of China. LinhaiLinhai's historic city wall stretches more than 6,000 meters in length. Food aside, travelers should leave time to admire this historic city that dates back more than 2,000 years.

☆ Explainer: A year into Ukraine war, how has China stood by 'no limits' partner Russia?
▼ + stars: | 2023-02-21 | by ( Laurie Chen | ) www.reuters.com time to read: +5 min

Here are the implications for China as the war approaches its one-year anniversary on Feb. 24. While China has repeatedly called for peace, President Xi Jinping has stood by his Russian counterpart Vladimir Putin, resisting Western pressure to isolate Moscow. China has sought to avoid providing support to Russia that would invite sanctions upon itself, including refraining from providing weapons. Beijing has repeatedly opposed any linkage between the Ukraine war and its intentions to "reunify" with the self-ruled island that it claims as its territory. "The result and the cost of the war show the Chinese that an invasion is Taiwan may not be prudent," said Sun.

☆ Worried residents near Ohio train derailment report dead fish and chickens as authorities say it's safe to return
▼ + stars: | 2023-02-14 | by ( Aria Bendix | David K. Li | ) www.cnbc.com time to read: +5 min

Drone footage shows the freight train derailment in East Palestine, Ohio, U.S., February 6, 2023 in this screengrab obtained from a handout video released by the NTSB. For days, authorities have been telling residents of the area around East Palestine, Ohio, that it is safe to return home after a 150-car train carrying hazardous chemicals derailed Feb. 3. The Ohio Department of Natural Resources said the chemical spill resulting from the derailment had killed an estimated 3,500 small fish across 7½ miles of streams as of Wednesday. For some people who live near the derailment site, the reports continue to spur fear that they and their animals might be exposed to chemicals through the air, water and soil. The Ohio Department of Agriculture said the risk to livestock remains low.

☆ Worried about the economy? These 5 successful companies were started during the Great Recession
▼ + stars: | 2022-12-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Multiple high-profile startups that did just that after launching during the Great Recession, which ran from late-2007 to the summer of 2009. It's proof that even tough times aren't enough to prevent every great idea from growing into a flourishing business — especially if your idea can save other people money during tough times. Today, Groupon has more than 20 million active customers — a lot, but less than half of its 54 million customers in 2014. The app currently has more than 90 million users. In 2018, PayPal CEO Dan Schulman told CNBC that he's seen Venmo help people who grew up during the Great Recession become more thoughtful about taking care of their money.

☆ China wants Putin to stop threatening nuclear war over Ukraine, according to the White House
▼ + stars: | 2022-11-14 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +3 min

President Biden of the US and Chairman Xi of China met for more than three hours on Monday morning. The two leaders opposed the use of nuclear weapons in Ukraine, as Russian President Vladimir Putin has threatened, according to the White House's account. Xi reportedly took the same position on Russia's nuclear threats during a meeting with the German chancellor earlier this month. China took a hard line against an independent Taiwan while the US criticized China for "coercive and increasingly aggressive actions." "I do not think there's any eminent attempt by the part of China to invade Taiwan," he said.

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