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☆ Goldman strategist says one country offers the 'most fertile ground for picking stocks' and shares his favorites
▼ + stars: | 2023-07-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

That's despite Indian stocks already soaring, with the country's benchmark indexes BSE Sensex and Nifty 50 soaring to new record highs on Friday, according to Refinitiv data. He said that Indian stocks have a 16% compound annual return over the last 20 years in local currency terms, and 13% in dollar terms. It also has a high proportion of what Goldman analysts dub "multibagger" stocks, according to Koul. Goldman Sach screened 25 large-cap Indian stocks for those with an attractive growth and valuation profile. Four banks meet its criteria: HDFC Bank , ICICI Bank , State Bank of India and Kotak Mahindra Bank.

Persons: Goldman Sachs, Sunil Koul, CNBC's, Koul, That's, Goldman, Banks, Goldman Sach, Larsen, Toubro, — CNBC's Michael Bloom Organizations: Asia Pacific, CNBC, HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, U.S . Global, SBI, UltraTech, Growers Locations: India, U.S

☆ Are TSA PreCheck, Clear, and Global Entry worth it? 3 frequent business travelers say they are — here are the benefits.
▼ + stars: | 2023-06-27 | by ( Mariette Williams | ) www.businessinsider.com time to read: +6 min

TSA PreCheck is ideal for domestic travel, and Global Entry is best for international travel. If you're wondering whether services like TSA PreCheck, Clear, or Global Entry are worth it, Insider asked three frequent travelers for their advice and experience using expedited airport services. For both TSA PreCheck and Clear, travelers can apply online but both require an in-person appointment to complete the application. Consider Global Entry for frequent international travelIf you take several international trips a year, Global Entry is great for getting through immigration screenings faster, and the service currently costs $100 for five years. Like TSA PreCheck and Clear, the Global Entry application requires an in-person interview, which can often have a long wait.

Persons: —, John Jennings, I'm, Shriya, Boppana, Morgan Angelique Owens, Owens, Jennings, I've Organizations: TSA, Service, Louis Trust, Family, TSA PreCheck, Accenture, Global, Dulles International Locations: Dulles, Virginia, Paris

☆ Japan stocks are roaring back. This rally may be different from the 1990's 'bubble high'
▼ + stars: | 2023-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

The bubble burst after the Bank of Japan tightened monetary policy at the start of 1990, triggering the collapse of equity and land prices. But analysts who spoke to CNBC said Japan is not headed for another crash like the one during the bubble. Furthermore, "current high inflation rates in Japan are due to higher import costs on the back of a weaker yen and high commodity prices. What led to Japan's bubble? Nikkei reported in March that share buybacks by Japanese companies was set to reach their highest level in 16 years.

Persons: Kazuhiro NOGI, KAZUHIRO NOGI, Nogi, Dong Chen, Ryota Abe, Abe, Japan's, Shinzo Abe, Chen, SMBC, Warren Buffet's Organizations: Nikkei, Getty, Afp, Bank of Japan, CNBC, Sumitomo Mitsui Banking Corporation, Tokyo Exchange, Billionaire, Global Locations: Tokyo, AFP, Japan, China

☆ A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024
▼ + stars: | 2023-06-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty ImagesThe U.S. will enter a downturn in the fourth quarter, followed by a "year of contraction and a European recession in 2024," according to HSBC Asset Management. "The coming recession scenario will be more like the early 1990s recession, with our central scenario being a 1-2% drawdown in GDP," Little added. HSBC expects the recession in Western economies to result in a "difficult, choppy outlook for markets" for two reasons. HSBC remains overweight on Chinese stocks for this reason, and Little said the "diversification of Chinese equities shouldn't be underestimated."

Persons: Joseph Little, Little, HSBC's Little Organizations: Shanghai Bank, HSBC, Ucg, Getty, HSBC Asset Management, Global, CNBC, U.S . Federal Reserve, European Central Bank, Bank of England, Fed Locations: Hong, Hong Kong, Victoria, China, Europe, India

☆ Stock Market Today: Dow Futures, Ruble Edge Lower
▼ + stars: | 2023-06-26 | by ( ) www.wsj.com time to read: +1 min

Stock futures and bond yields are edging lower as global investors brush off this weekend’s events in Russia . Global central bankers will be meeting in Portugal this week for the European Central Bank’s annual forum. Stocks came under pressure last week as policymakers including Federal Reserve Chair Jerome Powell emphasized that their policy-tightening cycles weren’t yet finished. Stock futures slipped. The benchmark MOEX stock index was down 1.4%.

Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Stocks, Jerome Powell, Dow, Brent Organizations: Global, Central, Nasdaq, Treasury, U.S, Benchmark, ’ Locations: Russia, Portugal, Europe, Asia, Hong, Shanghai

☆ Temu reportedly thinks shoppers should be blamed if they buy goods from the site that were produced by forced labor
▼ + stars: | 2023-06-23 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Online retailer Temu relies on its customers to report when products are made with forced labor. Temu prohibits suppliers from using forced labor, but relies on external reporting to enforce that policy. Lawmakers said there is an extremely high risk that Temu's supply chains are contaminated with forced labor. That makes it difficult to know whether the companies are following the Certa Uyghur Forced Labor Prevention Act (UFLPA), which prohibits international imports manufactured by forced labor, particularly in the Xinjiang region of China. The investigation concluded that, "American consumers should know that there is an extremely high risk that Temu's supply chains are contaminated with forced labor."

Persons: —, Temu, hasn't Organizations: Temu, Lawmakers, Service, Chinese Communist Party, Customs, Border, Labor Locations: United States, Xinjiang, China, Xinjiang Autonomous Region, American

☆ U.S.-India relations enter a new chapter and could unlock even more tech and defense deals
▼ + stars: | 2023-06-23 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesU.S.-India relations entered a new chapter as Prime Minister Narendra Modi and President Joe Biden announced a slew of technology and defense deals. "We were strangers in defense cooperation at the turn of the century, but now the United States has become one of our most important defense partners." That includes more military agreements, according to Atul Keshap, president of the U.S.-India Business Council, and former charge d'affaires at the United States Embassy in New Delhi said. And that is not contingent upon India supporting the United States down the line. "The U.S. understands that the human tech capital is a very important part of U.S. global leadership in innovation," said Singh, who previously served as India's ambassador to the United States.

Persons: Joe Biden, Narendra Modi, Modi, Atul Keshap, CNBC's, Biden, Raymond Vickery, Pant, Arun Singh, Singh, ORF's Pant Organizations: Joe Biden India's, White, Bloomberg, Getty, U.S . Congress, CNBC, U.S ., India Business Council, United States Embassy, India's, Washington Post, The Washington Post, F414, . Navy, Washington, Center for Strategic, International Studies, Observer Research Foundation, Carnegie India Locations: Washington , DC, India, U.S, United States, New Delhi, Republic of India, Washington ,, China, Delhi

☆ 5 best credit cards for getting Global Entry or TSA PreCheck without a fee
▼ + stars: | 2023-06-21 | by ( Chris Dong | ) edition.cnn.com time to read: +14 min

The biggest perk is saving time, with expedited security and — in the case of Global Entry — customs lines at dozens of U.S. airports (and even a few abroad for Global Entry). TSA PreCheck Cost: The application process costs $78, and your TSA PreCheck enrollment status remains valid for five years. Global Entry Cost: The Global Entry application process includes a $100 non-refundable fee (whether you’re approved or not) and is also valid for five years. The best credit cards for Global Entry and TSA PreCheckWhen evaluating the best credit cards that cover the cost of Global Entry and TSA PreCheck, the card’s annual fee was a major factor. Why did we pick these as our best credit cards for Global Entry and TSA PreCheck?

Persons: ”, it’s, you’ll, It’s, IHG, You’ll, you’re, cardholders, Andrew Kunesh Organizations: CNN, American Express, TSA, U.S . Department of Homeland, TSA PreCheck, United, U.S, Delta, Silver, Diamond Medallion, IHG, InterContinental, Holiday, One Venture, Capital, Fort, Dulles, Capital One Venture, Getty, Venture, Sapphire, Amex, Chase Sapphire, PreCheck Locations: U.S, Canada, Delta, Dallas, Fort Worth, DFW, Washington, Denver

☆ Global airlines grasp at the 100% recovery
▼ + stars: | 2023-06-21 | by ( Thomas Shum | ) www.reuters.com time to read: +4 min

HONG KONG, June 21 (Reuters Breakingviews) - Global airlines are setting drawn out timelines to a full recovery. Some carriers, particularly in Asia, think they will only fly at or over pre-pandemic capacity levels in 2024 or later. Airlines didn’t rehire quickly enough to support the sudden recovery in demand and are now overpromising and underdelivering. Asian hub carriers like $16.5 billion Singapore Airlines (SIAL.SI) are particularly strained. Singapore Airlines, for example, posted a record net profit of S$2.2 billion ($1.6 billion) for the financial year ended March.

Persons: Britain’s, Una Galani, Pranav Kiran Organizations: Reuters, Qantas Airways, International Air Transport Association, Singapore Airlines, Boeing, Air, Peers, Cathay, HK, Deutsche Lufthansa, Reuters Graphics Reuters, Twitter, IndiGo, Airbus, Air India, Thomson Locations: HONG KONG, Asia, Europe, China, Ukraine, Africa, South America, Air India

☆ It could take another 131 years to close the gender gap around the world, according to the World Economic Forum
▼ + stars: | 2023-06-21 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

It will take another 131 years for the world to achieve gender equality worlwide, according to the WEF. Iceland has closed over 90% of its gender gap, but the US ranked just 43rd globally for gender equality. The statistics come from the World Economic Forum's annual Global Gender Gap report. The WEF published its 2023 Global Gender Gap Report on Tuesday and examined gender parity across 146 countries, finding that the gender gap has closed across a variety of areas of society by 68.4% globally, up 0.3% from 2022's 68.1% score. The United States however is falling behind in closing the gender gap, dropping to 43rd on the list, down from 27th last year.

Persons: —, Saadia Zahidi, WEF Organizations: US, Service, Economic, Center for American Locations: Iceland, Norway, Finland, Sweden, New Zealand, United States

☆ Singapore is not looking to regulate A.I. just yet, says the city-state's authority
▼ + stars: | 2023-06-19 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

"We are currently not looking at regulating AI," Lee Wan Sie, director for trusted AI and data at Singapore's Infocomm Media Development Authority, told CNBC. It is calling for companies to collaborate in the world's first AI testing toolkit — called AI Verify — that enables users to conduct technical tests on their AI models and record process checks. Google , Microsoft and IBM are among tech giants which have already joined the AI Verify Foundation — a global open-source community set up to discuss AI standards and best practices, as well as collaborate on governing AI. "By creating practical resources like the AI governance testing framework and toolkit, Singapore is helping organizations build robust governance and testing processes," said Smith. Singapore has really sort of positioned itself as almost like the steward in the region of responsible and trustworthy use of AI.

Persons: Nicky Loh, Lee Wan Sie, IMDA, Lee Wan, chatbot ChatGPT, Sam Altman, Elon Musk, Lee, Haniyeh, Brad Smith, Smith, Josephine Teo, Teo, Emmanuel Macron, Macron, Stella Cramer, APAC, Clifford Chance's, Clifford Chance, Stella Cramer APAC Organizations: Bloomberg, Getty, Media Development Authority, CNBC, Tech, IBM, Singapore Airlines, Tesla, U.S, National AI Advisory, Google, Microsoft, Singapore government's, Asia Tech, Singapore's, Communications, European Union, Artificial Intelligence Locations: Bay, Singapore, DataRobot, U.S, China

Boric's shock announcement was all the more surprising as no DLE technology has reached commercial production without the use of those ponds, sparking competition to be the first. "Given those demand projections, there's definitely need for more supply from DLE," said Jordan Roberts, a Fastmarkets lithium industry analyst. A customer aiming to produce 15,000 metric tons of lithium each year, for example, could buy three stackable IBAT lithium plants. Exxon has also held talks with EnergySource Minerals about licensing DLE technology, two of the people said. Many brine deposits have varied chemical compositions, meaning it's unlikely that one DLE technology will emerge as a global leader.

Persons: DLE, Ken Hoffman, Gabriel Boric, Eramet, Sunresin, John Burba, That's, Alec Lucas, Jordan Roberts, IBAT, Garry Flowers, Eli Horton, Gavin Rennick, Sinead Kaufman, Dave Snydacker, Steven Schoffstall, doesn't, Chris Doornbos, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: . Geological, EV Battery Materials Research, McKinsey & Co, Minerals, Battery Metals, Rio Tinto, Battery Tech, Fastmarkets, Exxon Mobil, Chevron, Reuters, Exxon, EnergySource Minerals, Koch Industries, Ford, SLB's New Energy, Mining, Solutions, BNP, BMW, Breakthrough Energy Ventures, Lake Resources, Miners, General Motors, Canadian, Imperial Oil, Thomson Locations: CHARLES , Louisiana, Europe, Asia, North America, Rio, U.S, DLE, Louisiana, Arkansas, Salton, Salt, Chile, Schlumberger, Nevada, Argentina

☆ The Fed took a break from hiking rates for the first time in 15 months. Here's what to know.
▼ + stars: | 2023-06-15 | by ( Max Adams | ) www.businessinsider.com time to read: +5 min

If you missed yesterday's Federal Reserve decision — and how the market reacted — you've come to the right place. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. The Federal Reserve releases minutes from the March meeting of its policymakers on Wednesday, April 11. US stock futures edge lower early Thursday after the Federal Reserve paused rate hikes but hinted there were more to come. The housing market is so tight right now because 90% of homeowners are already locked into low mortgage rates.

Persons: Jerome Powell, Carolyn Kaster, it'll, there's, Powell, Dow Jones, Morgan Stanley's Mike Wilson, Wilson, it's, Martin Puddy, that's, Elon Musk's, Goldman Sachs, Musk, JPMorgan's Marko Kolanovic, Max Adams, Nathan Rennolds Organizations: Federal, Federal Reserve, Bank, Fed, Bank of America Locations: Washington, Silicon, insider.com, Beijing, China, Detroit, New York, London

Global oil demand growth will trickle nearly to a halt in the coming years and peak this decade, according to the International Energy Agency, with Chinese consumption set to slow down after an initial pent-up recovery. "The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade as electric vehicles, energy efficiency and other technologies advance," IEA Executive Director Fatih Birol said in a statement. Annual demand growth, however, will thin down from 2.4 million barrels per day this year to 400,000 barrels per day in 2028. Global supply capacity will rise by 5.9 million barrels per day to 111 million barrels per day by 2028 in IEA estimates, with growth lulling amid a U.S. slowdown. This will lead to a spare capacity cushion of 4.1 million barrels per day, focused in OPEC heavyweights Saudi Arabia and the UAE.

Persons: Fatih Birol Organizations: International Energy Agency, Organization of, Petroleum, U.S, Global, Saudi, IEA Locations: OPEC, Saudi Arabia, UAE, Russian, Russia

☆ Eli Lilly CEO says Medicare price negotiations could harm drug development
▼ + stars: | 2023-06-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Eli Lilly CEO David Ricks on Tuesday said Medicare price negotiations, which aim to cut costs for older Americans, could potentially harm drug development. "I'm really worried about the harm this will do to new cures and possibilities in medicine," Ricks said in an interview on CNBC's "The Exchange." He's the latest pharmaceutical executive to publicly blast the provision and law at large, which will likely reduce company profits. Global drugmaker Merck last week sued the Biden administration over Medicare price negotiations in a bid to weaken the program. Under the IRA provision, Medicare can start negotiating prices on small-molecule drugs as early as nine years after they receive Food and Drug Administration approval, compared with 13 years for biologics.

Persons: Eli Lilly, David Ricks, I'm, Ricks Organizations: Biden, Global drugmaker Merck, Drug Administration

☆ Facebook faces new allegations of gender discrimination in its delivery of job ads. Research by human rights group suggests it's a global concern
▼ + stars: | 2023-06-12 | by ( Clare Duffy | Carlotta Dotto | Naomi Hirst | ) edition.cnn.com time to read: +18 min

But Global Witness' research suggests that this results in job ads being targeted to users based on gender stereotypes. And in some cases, human rights advocates say, the biases that appear to be shown by Facebook's ad system may exacerbate other disparities. Global Witness targeted the ads to adult Facebook users of any gender who resided in, or had recently visited, the chosen countries. Certain roles were less strongly skewed — a package delivery job ad, for example, was shown to 38% women users in the Netherlands. In December, Real Women in Trucking filed its EEOC complaint alleging that Facebook's job ads algorithm discriminates based on age and gender.

Persons: Naomi Hirst, Clara Wichmann, Ashley Settle, Settle, Meta, Linde, Ireland —, Caroline Leroy, Blanvillain, Fondation des Femme, Pat de Brún, de Brún, —, Brún, Facebook, Sheryl Sandberg, Sandberg, Peter Romer, Friedman, " Romer, Facebook's, Hirst, Meera Senthilingam, Seth Fiegerman, Carlotta Dotto, Carolina Moscoso, Tal Yellin, Damian Prado, David Blood, Gabrielle Smith Organizations: CNN, Facebook, Global, Facebook's, des, UK, Human Rights, Commissioner's, Meta, US, Employment, Commission, Real Women, Trucking, Ad, Ireland, Fondation des, Amnesty, Employment Opportunity Commission, University of Southern, Real, Data Locations: Europe, France, Netherlands, Canada, United States, India, South Africa, United Kingdom, Indonesia, University of Southern California

☆ China's producer prices plunge the most in seven years as deflation hangs over economy
▼ + stars: | 2023-06-09 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

People walk past buildings in Shanghai, Shanghai, China, on Friday, April 21, 2023. Producer price index in May fell 4.6%, marking the steepest year-on-year drop in seven years, when producer prices saw a year-on-year drop of 7.2% in May 2016. China's low consumer inflation and deflation in its producer prices come in contrast to relatively high inflation in major economies around the world. The mining and raw material industries led declines in producer prices, while food, tobacco and alcohol prices led consumer price gains, the data showed. Nearing bottomDespite the softness in the latest price indexes, one China market watcher seemed to be holding on to an optimistic "long China" call.

Persons: Zhiwei Zhang, Zhang, Andrew Maynard of Organizations: Bloomberg, Getty, Reuters, CPI, U.S . Federal Reserve, U.S ., CSI, China's National Bureau, Statistics Locations: Shanghai, China, Canada, Australia, Shenzhen, Andrew Maynard of China

☆ Will Wildfires Like These Become the New Normal?
▼ + stars: | 2023-06-09 | by ( Somini Sengupta | ) www.nytimes.com time to read: +1 min

That has created the conditions for more frequent and intense heat waves. That extra heat in the atmosphere has created a greater likelihood of extreme, sometimes catastrophic, weather all over the world. While that doesn’t mean the same extremes in the same places all the time, certain places are more susceptible to certain disasters, by virtue of geography. In places that become hot and dry, wildfires can become more prevalent or intense. The unifying fact is that more heat is the new normal.

Organizations: Eastern Locations: Eastern United States, Australia

☆ Golf’s new Saudi deal presents questionable political, business and sporting realities
▼ + stars: | 2023-06-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

And the deal is also undeniably a great piece of business, assuming PGA Tour players accept it. And all pending litigation between LIV Golf and the PGA Tour was also mutually ended under the new agreement. He “co-opted the 9/11 community last year in the PGA’s unequivocal agreement that the Saudi LIV project was nothing more than sports washing of Saudi Arabia’s reputation,” the group said in a statement. Unresolved sporting conundrumsThere are as many sporting questions about the PGA Tour/LIV Golf partnership that remain unanswered. Then there is the question of how current PGA Tour members will respond.

Persons: LIV Golf, Arnold Palmer, Jamal Khashoggi, Prince Mohammed bin Salman, –, LIV –, Jay Monahan, Monahan, ”, “, Saudi LIV, ” Monahan, Dustin Johnson, Phil Mickelson, Patrick Reed, Cam Smith, Donald Trump, LIV, Trump, Khashoggi, ” Trump, Joe Biden, Antony Blinken, Tuesday’s LIV, Qataris, Cristiano Ronaldo, Karim Benzema, ” Yasir Al, Rumayyan, of Famer Greg Norman, Collin Morikawa, Mickelson, Alan Shipnuck, Shipnuck Organizations: CNN, PGA, Saudi, Post, Premier League, Global, Families United, Saudi shills, Crown, Formula One, NBA, Tour, Qatar, Soccer, Manchester City, United, Newcastle, Indian Premier League, Al, Real, Saudi Public Investment, “, Saudi Public Investment Fund, CNBC, of Famer, Open, Twitter Locations: Washington, Saudi, Qaeda, Riyadh, China, Western Europe, East, India, United Arab Emirates, Saudi Arabia, Ittihad, Real Madrid, French

☆ Coca-Cola launches new flavor for gamers
▼ + stars: | 2023-06-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Coca-Cola is launching a new limited-edition flavor for gamers, a demographic increasingly pursued by mainstream food and beverage brands. For this new flavor, called Coca-Cola Ultimate, the soda maker partnered with Riot Games, which publishes the multi-player online battle arena game League of Legends. Coca-Cola Ultimate bottles. As in most of those cases (Marshmello’s flavor had notes of strawberry and watermelon) Coca-Cola won’t share what Ultimate is actually supposed to taste like. And the relationship between Riot and Coca-Cola is deeper than the limited-edition flavor.

Persons: Coke, Rosalía, “ We’re, Oana Vlad, James Quincey, they’re, ”, Gen, Ava Max, Vlad, Red Bull, Eric Krause Organizations: New, New York CNN, Riot Games, of, League of, Coke, PepsiCo, League of Legends Locations: New York, Dreamworld, Fortnite

☆ Premarket stocks: Markets may be overly optimistic about the Fed
▼ + stars: | 2023-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Economists say that could mean more rate hikes from the Federal Reserve are coming, but investors appear sanguine. That makes it more difficult for the data-dependent Federal Reserve to justify a pause to interest rate hikes at its June meeting. It has been very strange and certainly our own expectations were that the labor market would deteriorate more than it has. So you have a strong consumer and strong labor market essentially supporting each other for the time being. “That level is more consistent with a 2% growth economy and a 2% inflation economy, not a 4% inflation level economy,” Moynihan added.

Persons: CME’s FedWatch, Bell, Seema Shah, Powell, It’s, there’s, it’s, Brian Moynihan, “, ”, Moynihan, ” Moynihan, Brent, Mark Thompson, Michelle Toh, ” Prince Abdulaziz bin Salman Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Federal, Reserve, Asset Management, Fed, Bank of America, CBS, Reuters Locations: New York, United States, Europe, Asia, Americas, Saudi Arabia, OPEC, China, Saudi

☆ Cramer urges patience with the market: 'It doesn't make a lot of sense to get in after the run'
▼ + stars: | 2023-06-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks mixed Crude higher PANW downgrade 1. However, Saudi Arabia's decision to reduce output isn't changing our outlook on sitting tight when it comes to the Club's oil stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, Jim, We've, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Apple, Global, Brent, West Texas Intermediate, Palo Alto Networks, Palo Locations: U.S, Saudi Arabia, Saudi, Palo Alto

☆ Chinese warship passed in 'unsafe manner' near US destroyer in Taiwan Strait, military officials say
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, June 4 (Reuters) - A Chinese warship came within 150 yards (137 meters) of a U.S. destroyer in the Taiwan Strait in "an unsafe manner," U.S. military officials said, as China blamed the United States for "deliberately provoking risk" in the region. China's military rebuked the United States and Canada for "deliberately provoking risk" after the countries' navies staged a rare joint sailing through the sensitive Taiwan Strait. The U.S. Indo-Pacific Command said the Chung-Hoon and Canada's Montreal were conducting a "routine" transit of the strait when the Chinese ship cut in front of the American vessel. The maritime encounter was the latest close call between the Chinese and U.S. military. Chinese Defense Minister Li Shangfu told Asia's top security summit on Sunday that conflict with the United States would be an "unbearable disaster" but that his country sought dialogue over confrontation.

Persons: Chung, Mao Zedong's, Taiwan's, Joe Biden, Hoon, Liu Pengyu, Jake Sullivan, Fareed Zakaria, Li Shangfu, Ted Hesson, Grant McCool Organizations: Pacific Command, Taiwan, U.S, U.S . Navy, Royal Canadian Navy, Global, U.S ., House, CNN, Chinese Defense, Thomson Locations: U.S, Taiwan, China, United States, People's Republic of China, Republic of China, Canada, The U.S, Republic, Taiwan Strait, Montreal, Washington, Chinese, South

☆ Some Diablo 4 players are reporting invalid license error messages after the video game's early access launch
▼ + stars: | 2023-06-02 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

Early access for Diablo 4 faced issues, including licensing errors for some PlayStation users. Diablo 4 marks the latest installment of Blizzard "Diablo" series, which began in 1996, and arrives more than a decade after "Diablo III" was released in May 2012. Here's what you need to know about Thursday's early access launch and the coming official release of "Diablo IV." It's unclear how many early access players have been impacted by the error. According to Blizzard, Diablo 4 is set decades after the events of "Diablo III: Reaper of Souls."

Persons: Blizzard, Rod Fergusson, Adam Fletcher, Inarius, Liam Deane, Omdia Organizations: Diablo, PlayStation, Morning, Blizzard Entertainment, Activision Blizzard, Activision, Windows, Blizzard, Xbox, Associated Press, Druids, Sorceresses, Microsoft, European Union, Sony Locations: U.S

☆ Some Diablo 4 players reported invalid license error messages after the video game's early access launch
▼ + stars: | 2023-06-02 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

Early access for Diablo 4 faced issues, including licensing errors for some PlayStation users. Diablo 4 marks the latest installment of Blizzard "Diablo" series, which began in 1996, and arrives more than a decade after Diablo 3 was released in May 2012. Here's what you need to know about Thursday's early access launch and the coming official release of Diablo 4. It's unclear how many early access players have been impacted by the error. According to Blizzard, Diablo 4 is set decades after the events of "Diablo 3: Reaper of Souls."

Persons: Blizzard, Rod Fergusson, Adam Fletcher, Inarius, Liam Deane, Omdia Organizations: Diablo, PlayStation, Morning, Blizzard Entertainment, Activision Blizzard, Activision, Windows, Blizzard, Xbox, Druids, Sorceresses, Microsoft, European Union, Sony, Associated Press Locations: U.S

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