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☆ China making 'concerted effort' to dominate critical US ports equipment, Biden official says
▼ + stars: | 2024-02-29 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

SUZHOU, CHINA - FEBRUARY 27: A gantry crane hoists vehicles for export at Taicang Port's International Container Terminal on February 27, 2024 in Suzhou, Jiangsu Province of China. Gene Seroka, executive director of the Port of Los Angeles, told CNBC that Biden's executive order is a wake-up call for the port and supply chain industry. "The bottom line is that today's high-tech cranes can collect data and that is why this executive order is so important," said Seroka. "It's no secret that China has both the capability and the intent to challenge the rules based trade system. The Biden administration has positioned the executive order as part of a "whole government approach" in securing the nation's ports.

Persons: Biden, Christa Brzozowski, ZPMC, Gene Seroka, Brzozowski, Carlos Gimenez, John Vann, Vann, Wayne R, Arguin Jr, Arguin Organizations: Taicang, Getty, Department of Homeland Security, Homeland Security, Coast Guard, Transportation, Maritime Security, Shanghai Zhenhua Heavy Industries Co, Capitol, CNBC, Cyber Security Operations Center, Guard, White, Resilience, of Commerce, Defense, Coast Guard Cyber Command, US Coast Guard, U.S Locations: SUZHOU, CHINA, Suzhou, Jiangsu Province, China, Capitol, United States, U.S, Republic of China, Shanghai, Beijing, Capitol Hill, of Los Angeles, Los Angeles

☆ China's Premier Li urges stronger economic, trade ties with U.S.
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +1 min

China's Premier Li Qiang attends a meeting with US Climate Envoy John Kerry at the Great Hall of the People in Beijing on July 18, 2023. China and the United States should strengthen economic and trade ties and Washington should avoid decoupling from China, Chinese Premier Li Qiang said on Wednesday, during a meeting with a visiting U.S. delegation, Chinese state radio reported. "Strengthening economic and trade cooperation is a win-win situation for both countries," Li told the delegation led by Chamber of Commerce chief Suzanne Clark. Li said U.S. companies were welcome to continue investing in China and that barriers were not in the fundamental interests of both sides. Ties are still recovering after the United States downed an alleged Chinese spy balloon a year ago.

Persons: Li Qiang, John Kerry, Li, Suzanne Clark, Clark Organizations: US, of, People, Chamber of Commerce, United Locations: Beijing, China, United States, Washington, U.S, loggerheads, Taiwan, South

☆ Treasury watchdog on a 'full court press' to spread awareness of new business registry rules
▼ + stars: | 2024-02-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Brian Nelson, US Treasury under secretary for terrorism and financial crimes, during a House Financial Services Committee hearing in Washington, DC, US, on Wednesday, Feb. 14, 2024. The hearing is titled "Oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence (TFI)." WASHINGTON — Over 700,000 companies have submitted data to Treasury's new beneficial ownership information registry, a senior Treasury official said on Wednesday. Nelson said the agency has been "on a full court press" to spread awareness about the registry. Nelson said Treasury has been utilizing multi-lingual guidance, informational webinars, YouTube, and is collaborating with Secretaries of State and Chambers of Commerce to inform business owners.

Persons: Brian Nelson, Nelson Organizations: US, Financial, Terrorism, Financial Intelligence, Treasury, year's, Treasury Department, Hudson Institute, Network, New, YouTube, of State, Chambers of Commerce, Force Locations: Washington , DC, WASHINGTON, United Kingdom, United States

☆ U.S. law on domestic abuse should cover carmakers, FCC chair says
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +4 min

FCC Chairwoman Jessica Rosenworcel last month wrote to nine large automakers and three telecom providers seeking more information about their policies involving internet-connected car technology and domestic abuse. The federal Safe Connections Act gives the FCC authority to help domestic abuse survivors securely access communications, the letter said. In an interview with Reuters this week, Rosenworcel said issues involving connected cars and domestic abuse "seemed extraordinarily similar" to the work the FCC had already done implementing the Safe Connections Act. Meanwhile, Toyota said if a domestic abuse survivor on the title requests that connected services be disabled for another person, the company may ask for verification from law enforcement that the customer was a victim. "Through these steps, Toyota works to respond promptly to requests from domestic abuse survivors while also focusing on appropriate authentication in order to screen out fraudulent or abusive requests that could further harm the abuse survivor," the company said in its response.

Persons: Jessica Rosenworcel, Rosenworcel, Tesla Organizations: Federal Communications Commission, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, FCC, Reuters, Toyota Locations: Washington ,

☆ CNBC Daily Open: U.S. economy sparks optimism
▼ + stars: | 2024-02-27 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets tumbleWall Street closed lower Monday as investors awaited inflation data due later this week. It's real," Dimon told CNBC, calling himself a "big optimist" on the emerging technology. That's Super Micro Computer, a Nasdaq-listed company which makes AI systems and graphics processing unit servers, highlighted Louis Navellier, chairman and founder of Navellier & Associates.

Persons: bitcoin, Dimon, Jamie Dimon, Gina Raimondo, Louis Navellier Organizations: CNBC, Dow Jones, Nasdaq, Revenue, optimist, Nvidia, Navellier, Associates Locations: U.S

☆ Angry farmers once forced India’s hardline leader into a rare retreat. As the election looms, they’re back
▼ + stars: | 2024-02-27 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

Modi promised “a fresh start,” agreeing to meet the farmers’ demands and work with them to move forward. Police fire teargas to disperse farmers marching towards New Delhi during a protest at the Haryana-Punjab state border on February 21, 2024. It was a massive victory for the farmers, who pushed the Indian leader into a rare and uncharacteristic climbdown. The abject poverty and debt faced by many of India’s farmers has forced some to take extreme measures. “About 86% of Indian farmers are dependent on the markets.

Persons: Narendra Modi, Modi, “, ”, Narinder Nanu, Devinder Sharma, Gurpreet, Prakash Singh, Arjun Munda, Sharma, ” Sharma, ’ Modi, Arati Jerath, Jerath, ” X Organizations: CNN, Police, Getty, Bharatiya Janata Party, BJP, Rapid Action Force, Bloomberg, Agriculture, India Brand Equity Foundation, country’s Department of Commerce, Farmers, “ Farmers, Roads Locations: New Delhi, Punjab, Haryana, AFP, Uttar Pradesh, China, India, Brazil, BJP, Pakistan, Bangladesh, Afghanistan, Shambhu, Patiala district

☆ Inflation is cooling, but small businesses in the U.S. say customers just aren’t spending like they used to
▼ + stars: | 2024-02-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

While cooling inflation and a robust GDP reading that smashed economists’ expectations are reasons to be optimistic about the US economy, one key economic engine seems to still be sputtering: small businesses. Small business owners say they’re still grappling with the hangover effects of inflation and a labor shortage, according to the National Federation of Independent Business’s most recent monthly survey, which was conducted in January. Dougherty said small businesses may be delayed in feeling the effect of easing inflation, but once businesses experience more prolonged stable prices, that may help their sentiment turn around. A recent survey of American Express small business customers indicated that some small business owners see strength in 2024. Half of the 557 US small businesses surveyed said they plan to grow or expand their businesses in the upcoming year.

Persons: Kevin Meehan, , he’s, ” Meehan, “, hasn’t, Kevin Meehan RJacobsonPhoto, we’d, that’s, Everything’s, ”, Charles Dougherty, Sarah Cash, Cash, Sarah Cash Elise Kutt, “ I’ve, ” Cash, it’s, they’re, doesn’t, Sunny, Dougherty, Meehan, I’m Organizations: CNN, Kali, National Federation of Independent, “, US Chamber of Commerce, American Express, Valentine’s Locations: Los Angeles, Wells Fargo, United States, Grand Rapids , Michigan

☆ Commerce Secretary Raimondo: U.S. set to become a major hub of leading-edge logic chip manufacturing
▼ + stars: | 2024-02-26 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

"Our investments in leading-edge logic chip manufacturing will put this country on track to produce roughly 20% of the world's leading-edge logic chips by the end of the decade," Raimondo said during a speech at the Center for Strategic and International Studies. "It takes tens of thousands of leading-edge semiconductor chips to train a single large language model." The Taiwan Semiconductor Manufacturing Company, which manufactures chips for companies such as Apple and Nvidia , is currently the world's largest, most advanced contract chip maker. Chinese chipmaker Semiconductor Manufacturing International Corporation appears to have defied U.S. sanctions in recent months by manufacturing advanced chips and is preparing to produce five nanometer chips for technology corporation Huawei. "At the outset, we said we would invest about $28 billion of the program's $39 billion in incentives for leading-edge chip manufacturing," Raimondo added.

Persons: Gina Raimondo, WASHINGTON —, Biden, " Raimondo, Raimondo, SMIC Organizations: Science, Technology, Washington , D.C, WASHINGTON, Center for Strategic, International Studies, U.S . Department of Commerce, McKinsey & Company, McKinsey, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, chipmaker Semiconductor Manufacturing International Corporation, Huawei, U.S, Commerce, CNBC PRO Locations: Rayburn, Washington ,, U.S, China

☆ U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships
▼ + stars: | 2024-02-24 | by ( ) www.cnbc.com time to read: +8 min

The U.S. F/A-18 fighter jets launched from the USS Dwight D. Eisenhower aircraft carrier, which is currently in the Red Sea, officials said. President Joe Biden and other senior leaders have repeatedly warned that the U.S. won't tolerate the Houthi attacks against commercial shipping. During normal operations, about 400 commercial vessels transit the southern Red Sea at any given time. The Rubymar, a British-registered, Lebanese-operated cargo vessel, was attacked while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden. The Associated Press, relying on satellite images from Planet Labs PBC of the stricken vessel, reported Tuesday that the vessel was leaking oil in the Red Sea.

Persons: Dwight D, Lloyd Austin, Grant Shapps, Shapps, Joe Biden, haven't, We've, Sabrina Singh, we've, Mason, Abdul Malik al, Hope Organizations: US Coast Guard, US Central Command, U.S, Eisenhower, Defense, Yemeni Armed Forces, RAF, Islander, Hamas, Houthi, Aden , U.S . Central Command, Central Command, Khorfakkan, United, Command, Associated Press, Planet Labs PBC Locations: Iran, Yemen, Tampa , Florida, United States, U.S, Gulf of Aden, British, Red, Britain, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Gaza, Aden , U.S, Asia, Europe, Africa, Suez, Mandeb, Gulf, Aden, Palau, Belize, Lebanese, Bulgaria, United Arab Emirates

During her workshops, she focused on finances and how to secure grant funding for their businesses. I spoke with her about how Black entrepreneurs can set themselves up for financial success in both business and personal finance. In 2023, we saw an increase in the number of grants available for Black entrepreneurs. Lastly, she said, "Create a grant funding budget. Books and podcasts for Black entrepreneursFinally, I asked Bobb what resources Black entrepreneurs should look to for more ideas.

Persons: Renee Bobb, —, Bobb, Rashad Bilal, Troy Millings, Brown, Mandi Woodruff, Tiffany Aliche, Dennis Kimbro, Daymond John Organizations: Service, Bunker Labs, Entrepreneurship, Music, Tennessee Titans, American Express, Black Chamber of Commerce, Business Development Agency Locations: Black

☆ China Foreign Minister Warns Against Decoupling at Munich Security Conference
▼ + stars: | 2024-02-17 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - Chinese foreign minister Wang Yi warned the West that it would be making a historical mistake if it sought to decouple from China in the interests of reducing risk. "Whoever tries de-sinicization in the name of de-risking would be making a historical mistake," Wang said in a speech on Saturday at the Munich Security Conference. His comments came amid calls over the last year from the United States and the European Union to reduce their dependence on China. During a meeting with U.S. Secretary of State Antony Blinken at the conference on Friday, the Chinese foreign minister also stressed that "making 'de-risking' into 'de-China', and seeking 'decoupling from China'" will only backfire on the U.S. itself". Photos You Should See View All 33 ImagesThe plans highlight "de-risking", the EU's policy of reducing economic reliance on China, which the bloc regards with suspicion due to its close ties to Russia.

Persons: Wang Yi, Wang, Antony Blinken, Albee Zhang, Ryan Woo, Giles Elgood Organizations: Munich Security Conference, European Union, U.S, European Commission, China's Chamber, Commerce Locations: BEIJING, China, United States, de, U.S, Russia

☆ This college professor turned out to be an economic oracle last year. Here's her outlook for 2024.
▼ + stars: | 2024-02-17 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewAt the start of 2023, most US economists were bracing for a recession. An economics professor at St Mary’s University, a tiny Roman Catholic college in San Antonio, Texas, bucked the trend. Last January, Belinda Román told surveyors from The Wall Street Journal that she was expecting the economy to have a strong 2023. No recession, low unemploymentIn January 2023, Román locked in her forecast for the year, telling the WSJ that she was expecting the US’s Gross Domestic Product (GDP) to expand by 2.8%. 2024 predictionsMany forecasters are now bullish on the US economy off the back of a stellar 2023 — and Román is no exception.

Persons: —, Belinda Román, Román, That's, Taylor Swift, “, ”, who’s, St Mary’s, we’ve, ” Román, Goldman Sachs ’ Jan Hatzius, London —, I’d, there’s Organizations: Service, St Mary’s University, Roman Catholic, Wall Street Journal, Business, Bank of America, JPMorgan, The Commerce Department, St, American Chamber of Commerce Locations: San Antonio , Texas, London

CHARLESTON, W.Va. (AP) — Cleveland-Cliffs announced Thursday that it is shutting down a northern West Virginia tin production facility indefinitely and plans to lay off 900 workers after the International Trade Commission voted against imposing tariffs on tin imports. The trade commission also voted to stop a duty investigation into tin products shipped from South Korea. Cleveland-Cliffs said it will offer either severance packages or opportunities for workers in Weirton to be relocated to its other facilities. The trade commission ruling was shocking and made it “impossible for us to viably produce tinplate.”Goncalves added that the trade commission’s decision “is a travesty for America, middle-class jobs, and our critical food supply chains. Cleveland-Cliffs' tin facility in Weirton was once a nearly 800-acre property operated by Weirton Steel, which employed 6,100 workers in 1994 and filed for bankruptcy protection in 2003.International Steel Group bought Weirton Steel in federal bankruptcy court in 2003.

Persons: —, Lourenco Goncalves, “, ”, ” Goncalves, ” Sen, Joe Manchin, ” Manchin, Sen, Shelley Moore Capito Organizations: Cliffs, International Trade Commission, U.S . Department of Commerce, United Steelworkers, Weirton, International Steel Group, Weirton Steel, Commerce Locations: CHARLESTON, W.Va, — Cleveland, West Virginia, Canada, China, Germany, United States, South Korea, Cleveland, Weirton, Ohio, Pittsburgh . Cleveland, America, West Virginia’s, Follansbee . Cleveland, Luxembourg, ”

☆ US Navy aircraft carrier going head-to-head with the Houthis has its planes in the air 'constantly,' strike group commander says
▼ + stars: | 2024-02-14 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Sailors perform work to a fighter jet on the USS Dwight D. Eisenhower. Everything happening on the flight deck represents only a portion of what it takes to keep aircraft in the sky. A fighter jet prepares for take off on the USS Dwight D. Eisenhower. A fighter jet takes off from the USS Dwight D. Eisenhower. AdvertisementA fighter jet lands on the deck of the USS Dwight D. Eisenhower.

Persons: —, DWIGHT D, Eisenhower, Marc Miguez, Ike, Dwight D, Jake Epstein, Miguez, Chris Hill, Marvin Scott, Scott Organizations: Service, EISENHOWER, Business, Navy, Carrier Strike, Eisenhower, Super Hornets, EA, Houthi, US Central Command Locations: Iran, Yemen, Gulf of Aden

☆ Chinese consumers are about to return from the holidays. That doesn't mean the economy will pick up.
▼ + stars: | 2024-02-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementChina's economy and markets were weak coming into 2024, but investor sentiment could worsen after the ongoing Chinese New Year break. "Service consumption growth will likely slow sharply after the Chinese New Year holiday on fading pent-up demand and weakening consumer confidence," the economists wrote. Authorities have pulled more than a dozen moves since January to try to stabilize the stock market rout and support downbeat property market demand amid its real-estate crisis. After all, there were suggestions earlier that authorities are considering a stabilization fund to rescue the flailing stock market. AdvertisementMainland stock markets are closed this week for public holidays.

Persons: —, Rich Lesser, Lesser, Hang, Xi Jinping Organizations: Beijing, Service, Chinese Ministry of Commerce, Nomura, Boston Consulting, Hang Seng China Enterprises, Authorities Locations: China, Beijing, Hong Kong

☆ Step inside Quartzsite, Arizona, where snowbirds flock for warmer weather and a cheap place to park their RVs
▼ + stars: | 2024-02-14 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

AdvertisementOne of those places is Quartzsite's La Posa long-term visitor area . Monica Humphries/Business InsiderIf off-grid living won't fit a visitor's needs, Quartzsite is home to more than 50 RV resorts . As I meandered around La Posa, I debated how close was too close to park next to a stranger. Monica Humphries/Business InsiderIn 2020, Quartzsite became a Hollywood backdropMost people recognize the name Quartzsite from the Oscar-winning movie "Nomadland," which was released in 2020. There was a sense of freedom living on La Posa, and almost everyone I met was friendly and eager to chat.

Persons: It's, —, snowbirds, Monica Humphries, you'll, Quartzsite, Casey Osborn, he's, Osborn, He's, Osborn doesn't, Bob, La Posa, La, Fern —, Frances McDormand, Fern, Paul Winer, Winer Organizations: Service, of Commerce, Tourism, Land Management, Vehicles, La, Social Security, Reader's Oasis, Oasis, Quartzsite Yacht Locations: Quartzsite, Arizona, Quartzsite , Arizona, Mexico, La Posa, La

☆ Washington D.C. is the 'loneliest city' in America for the second year in a row, says new Chamber of Commerce data
▼ + stars: | 2024-02-14 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

More than 37 million Americans live alone or about 29% of all U.S. households, according to data from the U.S. Census Bureau American Community Survey. The covid-19 pandemic helped accelerate the rise of solo living, with 2.4 million more people living alone today than in 2019. The report looked at the number of one-person households in each city as well as the number of males and females living in one-person households. Data from the American Community Survey was not available for 2020 due to the covid-19 pandemic. Data for the following cities was not available for 2022, so they were omitted from the analysis: Macon, Georgia; Louisville, Kentucky; Columbus, Georgia; Spokane Valley, Washington and Rancho, California.

Organizations: U.S . Census, American Community Survey, Commerce, American, Survey Locations: U.S, America —, Macon , Georgia, Louisville , Kentucky, Columbus , Georgia, Spokane Valley , Washington, Rancho , California

☆ Federal judge tosses lobbying group's lawsuit challenging Medicare drug price negotiations
▼ + stars: | 2024-02-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

The decision is an early win for the Biden administration as it grapples with a flurry of other legal challenges that drugmakers have filed against the Medicare drug price negotiations. The judge's ruling won't end the legal battle over the policy, which could end up at the Supreme Court. A slate of major companies with drugs selected for negotiations, including J&J, Merck , and Bristol Myers Squibb , have filed separate lawsuits challenging the constitutionality of the price talks. The suit also argued that the price talks violate the Eighth Amendment because they include a "crippling" excise tax aimed at forcing drugmakers to accept the government-dictated price of medicines. The groups also argued that the price talks violate due process by denying pharmaceutical companies and the public input on how Medicare negotiations will be implemented.

Persons: Biden, drugmakers, Judge David Ezra of, Ezra, NICA's, Nicole Longo, PhRMA, Eli Lilly, Johnson, NICA Organizations: U.S . Department of Health, Human Services, Supreme, Medicare, Western, Western District of Texas, Pharmaceutical Research, Manufacturers of America, Global Colon Cancer Association, National, Center Association, CNBC, Pfizer, Johnson, Merck, Bristol Myers Squibb, Chamber of Commerce, Department of Health, Department of Justice Locations: Washington ,, Western District, PhRMA, Ohio

☆ Where to see April’s total solar eclipse
▼ + stars: | 2024-02-11 | by ( Marnie Hunter | ) edition.cnn.com time to read: +11 min

CNN —The total solar eclipse passing over a swath of North America is less than two months away. The August 2017 total solar eclipse is seen from John Day Fossil Beds National Monument near Mitchell, Oregon. There’s a lunchtime Solar Eclipse Watch Party in downtown Dallas on eclipse Monday with live music and food trucks. Indianapolis, IndianaIndianapolis is located along the center line of the path of totality for the April 8 total solar eclipse. The city’s last total solar eclipse was nearly 100 years ago on January 25, 1925, according to a Rochester eclipse website.

Persons: it’s, Airbnb, “, John, Adrees Latif, Dave Clark, that’s, Clark, Michael Zeiler, GreatAmericanEclipse.com, Jay Anderson, ”, ” Anderson, Cerra, David Esquivel, Esquivel, El, Natalia Silyanov, There’s, Christopher Roth, Anderson, Adam Stiles, Catharines, Geoff Robins, haven’t Organizations: CNN, Reuters, CNN Travel, Planetarium Torreón, Astronomical Society of Mazatlán, Llano Visitor Center, Chamber of Commerce, Enchanted, Natural Area, Natural, ., Dallas , Texas Dallas, Eclipse Watch Party, Dallas, Dallas Museum of Art, Dallas Arboretum, Botanical, Sixth, Eclipse, Indianapolis Motor Speedway, NASA, Indy, Euclid, Great Lakes Science Center, NASA’s Glenn Research Center, Circle, Cleveland Museum of, Wade, Wade Oval, Destination Cleveland, Rochester Museum & Science Center, Niagara Falls Tourism, Niagara Parks, . Parks, Getty Locations: North America, Mexico, Canada, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Texas, Mitchell , Oregon, Torreón, Mexican, Coahuila, That’s, las, Mazatlán, Sinaloa, El Faro, Llano , Texas, Llano, Enchanted Rock, Dallas , Texas, Dallas, Fort Worth, Dealy, Russellville , Arkansas, Russellville, Indianapolis , Indiana Indianapolis, Indianapolis, Cleveland , Ohio Cleveland, Lake Erie, Edgewater, Euclid Beach, There’s, Cleveland, Independence, North Olmsted, Beachwood, Westlake, Destination Cleveland . Rochester , New York Rochester, Rochester, Ontario, Niagara, Niagara Falls, The City, St, ., AFP

BANGKOK (AP) — A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles is threatening to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military. It was among 17 companies the U.S. Department of Defense recently added to its list of companies it considers “Chinese military companies.”The revised list also includes Megvii, a Beijing-based artificial intelligence company and IDG Capital, a major private equity investment company with holdings in many Chinese technology companies, and major Chinese energy, telecoms and aviation companies. In a statement issued last week, the company said its LiDARs were not designed to conform to military specifications. Under Biden, the U.S. has further limited China’s access to advanced U.S. technology, limited U.S. investments in strategically sensitive Chinese industries and expanded sanctions on leading Chinese companies like Huawei Technologies. The Defense Department periodically updates its list of now nearly four dozen Chinese military companies to counter links between Chinese military and companies and other entities that it says appear to be civilian.

Persons: Yifan “ David ” Li, Li, Joe Biden’s, Donald Trump, Biden, China’s Organizations: Pentagon, U.S . Department of Defense, IDG Capital, U.S . Department of Commerce, Beijing, Huawei Technologies, The Defense Department, Xiaomi Corp, Apple Inc, U.S ., China’s People’s Liberation Army Locations: BANGKOK, Beijing, U.S

☆ The Super Bowl menu has changed. Here's what people are buying and how much they're spending.
▼ + stars: | 2024-02-09 | by ( Juliana Kaplan | Cork Gaines | ) www.businessinsider.com time to read: +4 min

In total, American households are expected to spend a total of around $86 on average for their Super Bowl necessities. The National Restaurant Association said that Super Bowl food habits are shifting a little this year. For example, Kennedy said that women, by a sprawling margin, view chips and salsa as Super Bowl must-haves and feel similarly about nachos. While Super Bowl ticket prices have fallen a bit heading up to the Super Bowl, they opened on the day after the AFC and NFC Championship games at some of the highest levels in history. They are predicting a record TV audience for this year's Super Bowl because of her impact.

Persons: —, “, ” Sean Kennedy, Taylor Swift, Kennedy, it’s, Swift, David Steinberg, Clark Hunt Organizations: Service, Super, National Retail Federation, Business, National Restaurant Association, Super Bowl, of Commerce, Seton Hall, Poll, AFC, NFC, Zeta Global, CNBC, Chiefs, Bowl LIV, 49ers

☆ Jim Cramer praises Cloudflare's earnings, but prefers this cybersecurity play instead
▼ + stars: | 2024-02-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

"This a reacceleration of earnings," Jim Cramer said. The CNBC Investing Club's preferred cybersecurity stock is Palo Alto Networks . Pepsi shares fell nearly 3% Friday. "Going back to the office has really hurt" Pepsi, Jim said, because consumption habits have shifted away from the home toward more on-the-go situations, like buying snacks and drinks at convenience stores. "The long knives are out for Max Levchin," Jim said, referring to Affirm's CEO and co-founder.

Persons: Jim Cramer, Jim, Bitcoin, Pepsi, Max Levchin Organizations: Department of Commerce, CNBC, Palo Alto Networks, Coinbase, PepsiCo, Pepsi

We have people that are willing and able to work, but finding child care was an obstacle.”Republicans historically have been lukewarm about using taxpayer money for child care, even as they have embraced prekindergarten. Nebraska and Indiana have both pitched programs to make child care free for child care workers. Child care advocates say the investments are not enough and called on Congress to authorize a new round of money to keep the child care industry afloat. GOP resistance to child care spending dates to the 1970s, when President Richard Nixon vetoed a bill to establish a national child care system, invoking fears of communism and saying it had “family-weakening implications.” Many of those arguments persist. But during the pandemic, many child care workers left the industry for better-paying jobs, and some child care centers closed for good, exacerbating the problem.

Persons: Emily O'Brien, Lennon, O'Brien, Jolene, Doug Burgum's, ” O'Brien, —, Mike Parson, Brenda Shields, ” Shields, Pro Tem Caleb Rowden, Glenn Youngkin, Richard Nixon, “, Kristi Noem, ” Noem Organizations: Republican, Gov, Republicans, Democratic, Republican Gov, Pro, Virginia Gov, U.S . Chamber of Commerce Foundation, KWAT, Associated Press Locations: North Dakota, Forks, Bismarck, New Mexico, Vermont, Missouri, Louisiana, Alabama, Texas, Nebraska, Indiana, Idaho, U.S, South Dakota, Watertown , South Dakota, AP.org

☆ The White House wants to 'cryptographically verify' videos of Joe Biden so viewers don't mistake them for deep fakes
▼ + stars: | 2024-02-08 | by ( Kali Hays | ) www.businessinsider.com time to read: +2 min

The White House is increasingly aware that the American public needs a way to tell that statements from President Joe Biden and related information are real in the new age of easy-to-use generative artificial intelligence. People in the White House have been looking into AI and generative AI since Joe Biden became president in 2020, but in the last year, the use of generative AI exploded with the release of OpenAI’s ChatGPT. Yet, there is no end in sight for more sophisticated new generative AI tools that make it easy for people with little to no technical know-how to create images, videos, and calls that seem authentic while being entirely fake. AdvertisementBuchanan said the aim is to “essentially cryptographically verify” everything that comes from the White House, be it a statement or a video. While last year’s executive order on AI created an AI Safety Institute at the Department of Commerce, which is tasked with creating standards for watermarking content to show provenance, the effort to verify White House communications is separate.

Persons: Joe Biden, Ben Buchanan, Buchanan, it’s, ”, Biden, ” Buchanan, “ We're, Kali Hays Organizations: Big Tech, Meta, Google, Microsoft, Federal Communications Comission, Artificial Intelligence, White, Department of Commerce Locations: Biden’s, khays@insider.com

Only 4.4% of Georgia workers are union members, the eighth-lowest rate among states. The National Labor Relations Board, the federal agency overseeing union affairs, did not immediately respond Thursday to an email seeking comment. Democrats, though, say the bill is really about making it harder for unions to organize and for companies to accept them. Sen Mike Hodges, a Brunswick Republican who is sponsoring the bill, denied that it would violate federal law. But Democrats said they think the bill is an attempt to attack federal labor law.

Persons: Brian Kemp, Bill, ”, Hannah Perkins, Kay Ivey, ” Henry McMaster, ’, Joe Biden’s, “, Kemp, you’re, Sen, Bo Hatchett, Cornelia, Nikki Merritt, Merritt, Sen Mike Hodges, Hodges, Jason Esteves, they’re Organizations: ATLANTA, —, Gov, Union, National Labor Relations Act, “, Georgia AFL, National Labor Relations Board, American Legislative Exchange Council, Democratic, United Auto Workers, Alabama Republican Gov, South, Republican, Georgia Gov, Georgia Chamber of Commerce, Georgia Republicans, Cornelia Republican, Senate, Lawrenceville Democrat, Democrats, State, Brunswick Republican, Atlanta Democrat Locations: Georgia, Tennessee, ” Alabama, South Carolina, Indiana, Arizona, Atlanta

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