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☆ Premarket stocks: Why it’s not all doom and gloom for commercial real estate
▼ + stars: | 2024-03-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. I take that as a signal of a potential turn in the CMBS market in terms of the market sentiment. It’s not just all gloom and doom in the CRE market. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November.

Persons: Tracy Chen, Chen, that’s, Bell, Banks aren’t, CMBS, We’ve, they’ve, —, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, Eva Rothenberg, Brent, Goldman Sachs Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, Brandywine, Intercontinental Exchange and Bank of America, outperformance, Fed, New York Community Bank, York Community Bank, Federal, Apollo Global Management, Richmond Federal, CNBC, OPEC, AAA Locations: New York, Japan, Switzerland, Germany, New, New York City, Richmond, OPEC, Saudi Arabia, Russia, Iraq, United States

☆ ‘Two sessions’: China’s key political gathering gets underway as leaders try to repair broken economic confidence
▼ + stars: | 2024-03-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Xi is under the spotlight as economic pain has sparked growing frustration within China. Xi has also overseen a political shakeup in his own ranks, further marring the start of the new term. Those challenges may not pose a threat to Xi, who is China’s most powerful and authoritative leader in decades. But the two sessions provide an important platform for China’s notoriously opaque government to broadcast its strategy for economic, social and foreign policies and announce key indicators including China’s economic growth target, its budget deficit limit and military spending for the coming year. Analysts widely expect Li to reveal a relatively ambitious growth target of “around 5%,” showing that policymakers are still focused on economic growth, even as challenges pile up.

Persons: —, Xi Jinping, Xi, ”, Chen Gang, Li Qiang, It’s, Xuezhi Guo, Guo, Wang Yi, Qin Gang, Li Shangfu, Li, Qin, Pedro Pardo, Neil Thomas, Premier Li, Asia Society’s Thomas, “ Organizations: Beijing CNN —, Communist, National University of Singapore’s East Asian Institute, Getty, of, National People’s, Guilford College, Observers, Washington, Asia Society, Center for Locations: China, Beijing, Chongqing, AFP, Taiwan, China's, Henan, Center for China, Asia

☆ Live updates: Devastation in Gaza as Israel wages war on Hamas
▼ + stars: | 2024-03-01 | by ( Heather Chen | ) edition.cnn.com time to read: +1 min

More than 100 people were killed in northern Gaza where Israeli troops opened fire Thursday, triggering panic as hungry Palestinian civilians were gathering around food aid trucks, Palestinian officials and eyewitnesses said. CNN is unable to independently confirm the death toll, and the Israeli military has given a different account of the circumstances. People had swarmed around the newly arrived aid trucks when Israeli forces started shooting, according to witnesses. As the aid trucks tried to escape the area, others were accidentally rammed, causing further deaths and injuries, an eyewitness told CNN. Israeli government spokesperson Avi Hyman also told reporters the incident was "obviously a tragedy, but we're not sure of the specifics quite yet."

Persons: Haroun Al, Khader Al Za’anoun, Avi Hyman, we're, Izzat Al, Risheq Organizations: CNN Locations: Gaza, Haroun, Gaza City, Sheikh, People

☆ Judge holds veteran journalist Catherine Herridge in contempt for refusing to reveal her sources
▼ + stars: | 2024-02-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —A federal judge on Thursday held veteran journalist Catherine Herridge in contempt of court, fining her $800 a day for refusing to divulge her sources for a series of stories published in 2017 while she was a correspondent at Fox News. Citing documents reviewed by Fox News, Herridge reported that Chen was the subject of an investigation by the FBI. In an effort to prove her case, Chen subpoenaed Herridge and Fox News, with the hope of unmasking the reporting’s sources. Fox News and Herridge aggressively fought the move, arguing that Cooper should quash the subpoenas because of First Amendment protections afforded to the press. The legislation would offer important safeguards to journalists, including preventing the government from compelling reporters to disclose their sources.

Persons: Catherine Herridge, Christopher Cooper, Yanping Chen, Herridge, Chen, Cooper, Herridge’s, ” Cooper, ”, “, ” Herridge, ” Caitlin Vogus Organizations: CNN, Fox News, CBS News, US, Court, District of Columbia, Federal Bureau of, FBI, ” Fox News, FOX, Media, Press Foundation, Exploitive

However, the company also said it sees single-digit revenue growth for fiscal 2025. UBS reiterated a neutral rating alongside its $310 per share price target on Salesforce, or more than 3% upside ahead. Product revenue growth of 33% year over year in the fourth-quarter was also below Wall Street estimates. Murphy noted there's a disconnect between what Barrick has accomplished in the past five years and its stock price. "We see asset disposals and cost improvements as likely to reverse share price weakness as the market recognizes the strength of the asset portfolio."

Persons: Morgan Stanley, Snowflake, Jefferies, TD Cowen downgrades Macy's TD Cowen, Oliver Chen, Macy's, — Brian Evans, Brad Sills, Brian Evans, AutoNation Morgan Stanley, AutoNation, Morgan Stanley's, Mike Manley, Adam Jonas, Salesforce, Amy Weaver, Goldman Sachs, Kash Rangan, Bank of America's Brad Sills, Morgan Stanley downgrades Snowflake, Snowflake's, Frank Slootman, Keith Weiss, Matthew Murphy, Murphy, Fred Imbert Organizations: CNBC, Barrick, Mining, Bank of America, of America, TAM, Bank of America's, UBS, StreetAccount, Jefferies, Barrick Gold, Newmont, Newcrest Locations: Africa, East

☆ The US housing market added $2 trillion in value last year, boosted by a nationwide shortage of homes for sale
▼ + stars: | 2024-02-28 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

The US residential market added $2.4 trillion in value last year, listings site Redfin said. AdvertisementThe housing market in the US added $2.4 trillion last year, jumping to $47.5 trillion. Though housing demand has been dampened by stubbornly high mortgage rates, the total value of the market climbed by 5.3% from December 2022, preliminary data released by Redfin on Wednesday showed. Pandemic-era mortgage rates fell below 3%, driving a frenzy of buying in 2020 and 2021. The combination of elevated mortgage rates, high home prices and a limited pool of homes for sale means homeownership is about as unaffordable as ever.

Persons: Redfin, —, aren't, Chen Zhao Organizations: Service Locations: Redfin, New York City, New Jersey, Midwest, Milwaukee, Grand Rapids, New York, Honolulu , Riverside, Denver

☆ Streaming Prices Keep Going Up. Here’s How to Manage Subscriptions.
▼ + stars: | 2024-02-28 | by ( Brian X. Chen | ) www.nytimes.com time to read: +1 min

The dream of streaming — watch what you want, whenever you want, for a sliver of the price of cable! — is coming to an end. With all the price increases for video streaming apps like Amazon Prime Video, Netflix and Hulu, the average household that subscribes to four streaming apps may now end up paying just as much as a cable subscriber, according to research by Deloitte. To name a few of the price jumps for streaming video (without ads) in just over the past year: Amazon’s ad-free Prime Video is now $12 a month, up from $9; Netflix raised the price of its premium plan for watching content on four devices to $23 a month, from $20; Disney increased the price of its Hulu service to $18 a month, from $15; and HBO’s Max now costs $16 a month, up from $15. If, like many people, you subscribe to all those services, you are paying about $70 a month, roughly the same as a modest cable TV package.

Persons: HBO’s Max Organizations: Amazon, Netflix, Hulu, Deloitte, Disney

☆ Behind Apple’s Doomed Car Project: False Starts and Wrong Turns
▼ + stars: | 2024-02-28 | by ( Brian X. Chen | Tripp Mickle | ) www.nytimes.com time to read: +1 min

For the last decade, many Apple employees working on the company’s secretive car project, internally code-named Titan, had a less flattering name for it: the Titanic disaster. Throughout its existence, the car effort was scrapped and rebooted several times, shedding hundreds of workers along the way. As a result of dueling views among leaders about what an Apple car should be, it began as an electric vehicle that would compete against Tesla and morphed into a self-driving car to rival Google’s Waymo. The car project’s demise was a testament to the way Apple has struggled to develop new products in the years since Steve Jobs’s death in 2011. But it festered and ultimately fizzled in large part because developing the software and algorithms for a car with autonomous driving features proved too difficult.

Persons: Google’s Waymo, Apple, Steve Jobs’s Organizations: Apple, Tesla

☆ Macy's new growth strategy fits the 'less is more' theme, says TD Cowen's Oliver Chen
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacy's new growth strategy fits the 'less is more' theme, says TD Cowen's Oliver ChenOliver Chen, TD Cowen senior retail analyst, joins 'Money Movers' to discuss Macy's plans to close 150 stores and undertake a new growth strategy, why it's a bold move for the company, and what's working for Macy's.

Persons: Cowen's Oliver Chen Oliver Chen, TD Cowen Organizations: Macy's

☆ Sony World Photography Awards 2024: The year’s best images unveiled
▼ + stars: | 2024-02-27 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

CNN —Images of a rhino in captivity, a Slovakian spa facility and a German finger wrestling champion are among the finalists and shortlisted entries in the prestigious Sony World Photography Awards 2024. The World Photography Awards organizes several different competitions each year, including youth and student prizes, with its national and regional winners unveiled last month. Liang Chen/Sony World Photography AwardsA photo by Angelika Jakob shows Josef Utzschneider, light heavyweight champion in the German finger wrestling championship. Angelika Jakob/Sony World Photography AwardsAn image by James Rokop, official photographer for the USA Artistic Swimming team. Helen McLain/Sony World Photography AwardsHaider Khan documented two rhinos in captivity in Germany and India.

Persons: Monica Allende, Karol Pałka, Nick Ng, Sujata Setia, Diana, Nygren, Diana Cheren Nygren, Brent Stirton, Jens Juul's, Jens Juul, Maurizio Di Pietro's, Maurizio Di Pietro, Katie Orlinksy's, Katie Orlinsky, Eddo Hartmann, Ekrem Sahin, Angelika Kollin's, Angelika Kollin, Adali Schell, Liang Chen, Angelika Jakob, Josef Utzschneider, James Rokop, Beth Galton, Helen McLain, Haider Khan Organizations: CNN, Sony, London’s Somerset House, World, Soviet Union, USA Locations: Slovakian, German, London’s, Uganda, Nairobi, Kenya, Roskilde, Denmark, Anaktuvuk, Kazakhstan, Soviet, Guangdong province, Germany, India

☆ Apple Kills Its Electric Car Project
▼ + stars: | 2024-02-27 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +1 min

Though Apple had not unveiled its car to consumers, the product had for many years been one of Silicon Valley’s worst-kept secrets because it was being tested on public roads. The cancellation is a rare move by Apple, which typically doesn’t shelve such public and high-profile projects. Tim Cook, Apple’s chief executive, has publicly hinted that Apple was interested in entering the car space. The company had also been testing hundreds of vehicles equipped with autonomous driving technology in public for many years. The car, which Apple spent billions of dollars researching, had been intended as a rival to Tesla’s electric vehicles, which include autonomous driving features.

Persons: Tim Cook, Apple, Cook’s Organizations: Apple, Apple Watch, Vision

☆ Kara Swisher warns news organizations need to ‘reinvent’ themselves amid existential crisis
▼ + stars: | 2024-02-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +9 min

We spoke to Swisher on Monday to get her insight on some of the challenges facing the media and tech landscape today. And they didn’t anticipate that these tech companies were going to get into media. If so, why haven’t legacy media companies been able to lure in top tech talent to improve their products? Media companies do not get to live by the same anti-gravity rules that tech companies have been able to. But media companies didn’t offer the same kind of upside.

Persons: New York CNN — Kara Swisher, ” Swisher, Swisher, it’s, BuzzFeed, they’ve, Steve Jobs, Rupert Murdoch, “, Donald Trump’s, Joe Biden’s, It’s, You’ve, Elon Musk, Bill Ackman, I’m, Elon, Tyler Perry, Sora, everyone’s, Adrian Chen, …, AllThingsD, Uber, We’ve, haven’t Organizations: New York CNN, Craigslist, . Media, Big Tech, New York Times, Harvard, The New York Times, Google Locations: New York

☆ Kara Swisher Is Not Here to Make Friends in Her New Memoir
▼ + stars: | 2024-02-25 | by ( Adrian Chen | ) www.nytimes.com time to read: +1 min

BURN BOOK: A Tech Love Story, by Kara SwisherPublic opinion has soured so thoroughly on Silicon Valley that it can be hard to comprehend the excitement that surrounded the industry in its early years. How did people miss the threat of concentrated wealth and power, the super-exploitation of gig workers, the commodification of daily life, the pollution of discourse by micro-targeted propaganda and whiny billionaires? A common story holds that we were dazzled by fast-talking entrepreneurs and entranced by the slick platforms and gadgets they served up, deluded into believing digital technology would solve all of our problems. But perhaps the emphasis on user irrationality is overstated. One of the insights to be gleaned from “Burn Book: A Tech Love Story,” a memoir by the veteran technology journalist Kara Swisher, is that those who embraced the internet early on may have been driven by a totally reasonable dissatisfaction with the status quo, as much as a naïve infatuation with the promise of digital utopia.

Persons: Kara Swisher, ”

☆ Nanjing fire: At least 15 killed in fire thought to have been started by electric bicycle in eastern China
▼ + stars: | 2024-02-24 | by ( Chris Lau | Akanksha Sharma | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —At least 15 people were killed in a fire thought to have been started by an electric bicycle parked at a high-rise residential building in eastern China early Friday morning, state media have reported. Forty-four people were also injured during the blaze that engulfed the 34-floor building in the eastern city of Nanjing, the media outlet CCTV said. Footage on Chinese social media showed a ball of fire spreading to the exterior of the building. The blaze was a trending topic on the Chinese social media platform Weibo on Saturday, being viewed more than 470 million times by the afternoon. A fire breaks out at a residential building in Nanjing on February 23, 2024. liangyishengmagua/WeiboFaulty electric bicycles have been reportedly linked to several blazes in the country in recent years.

Persons: Chen Zhichang, “, ”, Hu Xijin, It’s, Hu Organizations: Hong Kong CNN, Investigations, Authorities, Nanjing, Nanjing government’s, Weibo, liangyishengmagua, Global Times Locations: Hong Kong, China, Nanjing, Weibo

☆ Hello Kitty theme park in Tokyo closed after ‘terrorist threat’
▼ + stars: | 2024-02-24 | by ( Heather Chen | ) edition.cnn.com time to read: +1 min

CNN —A Hello Kitty theme park in Tokyo has been forced to close for the day after it received a “terror threat,” its operator said. Sanrio Puroland, also known as Hello Kitty Land, is located in Tama New Town in north Tokyo. In a statement published on the park’s official website, operators said they received “a terrorist threat email” on Saturday. Hello Kitty is one of the most famous and recognizable Japanese brands of all time. Sanrio Puroland opened in 1990 and attracts over 1.5 million visitors per year – making it one of Japan’s most popular theme parks, along with Tokyo Disney Resort.

Persons: Sanrio Puroland, ”, Kitty, Sanrio Organizations: CNN, ” Police, NHK, Reuters, Tokyo Disney Resort Locations: Tokyo, Kitty, Tama New, Japanese, Japan, United States, United Kingdom

☆ A New ‘Holy Grail’ in the Housing Crisis: Statewide Rent Caps
▼ + stars: | 2024-02-23 | by ( David W. Chen | ) www.nytimes.com time to read: +1 min

For the last 10 years, Dominique Horn has worked for a community health organization in the fast-growing city of Vancouver in Washington State, helping people squeezed by soaring rents to try to avoid homelessness. Sometimes she wonders if she’s going to be her agency’s next client. With her husband struggling at times to find work, Ms. Horn has maxed out her credit cards to keep pace with the rent. The couple and their two children have moved so many times that she keeps sentimental items like photos and heirlooms boxed up, because no place feels like home yet. “I’m just in a constant state of waiting for the other shoe to drop,” said Ms. Horn, 42, whose current lease expires in May.

Persons: Dominique Horn, Horn, heirlooms, “ I’m, ”, “, Ms Locations: Vancouver, Washington State, Washington, Olympia

Taipei, Taiwan CNN —American support for Taiwan will continue no matter who wins the upcoming US election, House Rep. Mike Gallagher told an audience in the democratic island on Thursday, as tensions simmer between Taipei and Beijing. “I’m confident regardless of how the presidential election goes, we will maintain our support not only for Taiwan but also a posture of internationalism and engagement,” Gallagher told reporters in the capital Taipei. Gallagher said American efforts to support Ukraine’s defense against Russia’s invasion were also critical to deterring Beijing from using force against Taiwan. American lawmakers regularly visit Taiwan and have supported legislation to bolster US support for the island and its defensive capabilities. 07:53 - Source: CNNTroubled watersThe delegation’s visit comes during a period of heightened tensions between China and Taiwan, sparked by the drowning of two Chinese fishermen near Taiwan’s Kinmen Island last week.

Persons: Mike Gallagher, “, ” Gallagher, Gallagher, Donald Trump, Trump, Joe Biden, Raja Krishnamoorthi, Tsai Ing, Lai Ching, Tsai, ” Tsai, China, ”, ” “, …, ” Zhu Fenglian, Chen Chien Organizations: Taiwan CNN, Communist Party, Taiwan, NATO, Democratic, Washington, CNN, Taipei, Republican, Wisconsin, Chinese Foreign Ministry, Taiwan Affairs Locations: Taipei, Taiwan, Beijing, China, Ukraine, Europe, Raja, United States, Taiwanese, ”

☆ Stocks making the biggest moves before the bell: Nvidia, Moderna, Rivian, Etsy and more
▼ + stars: | 2024-02-22 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The company also said revenue in the current quarter would be stronger than Wall Street forecasted. Moderna — Shares were up more than 5% after the vaccine maker posted a greater-than-expected revenue for the fourth quarter. The company's top line registered at $2.81 billion, while analysts polled by LSEG had forecast a print of $2.50 billion. Lucid — Shares pulled back more than 7% after the luxury electric vehicle company missed revenue estimates in the fourth-quarter. Specifically, Lucid posted $157 million, while analysts expected $180 million, per LSEG.

Persons: LSEG, Lucid, Cantor Fitzgerald, —, Rivian, Synopsys, Morgan Stanley, FactSet, Remitly, TD Cowen, Oliver Chen, KeyBanc, — CNBC's Brian Evans, Lisa Kailai Han, Fred Imbert, Sarah Min Organizations: Nvidia, Wall, —, Moderna, LSEG, BMO Capital Markets, Coty —, ASML, HSBC, Gates Locations: Thursday's premarket, Wednesday's

☆ Pfizer's expectations have been rightsized, has potential for $5 EPS: Cantor Fitzgerald's Chen
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPfizer's expectations have been rightsized, has potential for $5 EPS: Cantor Fitzgerald's ChenLouise Chen, Cantor Fitzgerald, and Michael Yee, Jefferies, joins 'Power Lunch' to discuss Chen's bull case for Pfizer, Yee's bull case for Moderna, and more.

Persons: Fitzgerald's Chen Louise Chen, Cantor Fitzgerald, Michael Yee, Jefferies Organizations: Pfizer, Moderna

☆ 1 in 4 New York City Children Now Lives in Poverty
▼ + stars: | 2024-02-21 | by ( Stefanos Chen | ) www.nytimes.com time to read: +2 min

It differs from the U.S. census’s official poverty measure, which only counts cash resources, but the supplemental measure is also widely used by government. In 2022, under the supplemental measure, a family of New York City renters with two children was considered below the poverty line if it made less than about $44,000. Why It Matters: The City’s Economic Recovery Is UnevenThe rise in poverty underscores wide disparities in New York. A major reason for the disparities is the lopsided jobs recovery, said James Parrott, the director of economic and fiscal policy at the Center for New York City Affairs at the New School. The median household income in New York City is about $75,000.

Persons: Christopher Wimer, “ It’s, Wimer, “ we’re, James Parrott, Parrott, Charles Lutvak, “ Organizations: Poverty, Columbia University, Center, New York City Affairs, New Locations: New York, New York City

☆ TD Cowen's Oliver Chen reiterates Walmart's buy rating: It's a 'tech-enabled company'
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Cowen's Oliver Chen reiterates Walmart's buy rating: It's a 'tech-enabled company'Oliver Chen, TD Cowen managing director, joins 'Money Movers' to discuss the key highlights from the retail sector's recent earnings announcements, catalysts for Walmart's growth from here, and much more.

Persons: Cowen's Oliver Chen, Oliver Chen, TD Cowen

☆ Prabowo Subianto: Once banned from the US, this fiery ex-army general is poised to lead Indonesia
▼ + stars: | 2024-02-19 | by ( Heather Chen | ) edition.cnn.com time to read: +13 min

“The most important objective of democracy is giving people the leaders and representatives they want,” Prabowo told reporters from his pool. Antara Foto/Galih Pradipta/ReutersMany are excited about a Prabowo presidency, like this hardcore supporter who has clearly taken his support to the extreme. Bagus Saragih/AFP/Getty ImagesMore recently, Prabowo has presented himself as a loyal Jokowi ally, serving as his defense minister for the past five years. Experts say Prabowo, known for his fiery speeches, military background and combative past will make for a very different kind of president. Indonesia has long been one of Australia’s most important bilateral relationships and experts say that will not change with Prabowo in charge.

Persons: Prabowo Subianto, ” Prabowo, Prabowo, Indonesia’s, Partai Probawo, Gibran, “ Prabowo, ”, Zachary Abuza, Abuza, “, Antara, Pradipta, Saragih, Widodo, Barack Obama, Tom Pepinsky, Rodrigo Duterte, Javier Milei, Trump, ” “, Dita Alangkara, Jokowi, Jacqui Baker, Laura Schwartz, Schwartz, Gibran Rakabuming Raka, Adek Berry, Chong Ja Ian, Suharto, –, Dan Slater, Prabowo “, ” Slater, Chaideer Mahyuddin, Chong, Juni Kriswanto, Usman Hamid, Papuans, Veronica Koman, ” Koman Organizations: CNN, National War College, Getty, Southeast Asia, Cornell University, “, Center, Research, Senior Southeast, National University of Singapore, Center for Emerging Democracies, University of Michigan, Muda Airforce, Amnesty International Locations: Jakarta, United States, South Jakarta, Washington ,, AFP, Indonesia, Singapore, Ukraine, Russia, China, Australia, Asian, Perth, Asia, Beijing, Washington, “ Washington, Sultan, Muda, Aceh, West Papua, South China, Tentara Nasional Indonesia, Southeast Asia, “, Papua, Amnesty International Indonesia, restive, Indonesian, East Timor

☆ Chinese consumption continuing to pick up, analyst says
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese consumption continuing to pick up, analyst saysXiaolin Chen, head of international at KraneShares, discusses China's monetary policy easing and data from the key New Year period.

Persons: Xiaolin Chen Organizations: KraneShares

☆ Jefferies explains why China's latest property 'whitelist' is a bit different
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies explains why China's latest property 'whitelist' is a bit differentShujin Chen, Jefferies' head of China financial and property research, says it shifts some of the responsibility from the banks to local governments when it comes to the screening of projects.

Persons: Jefferies, Chen Locations: China

CNN —A sixteen-year-old Taylor Swift fan was killed in a head-on collision with a semi-trailer while on her way to see the pop star in concert in Melbourne on Thursday. Her 10-year-old sister, who was in the backseat, is in critical condition at a local hospital, 7 News Australia reported. “The rear passenger, a 10-year-old girl, was airlifted to Westmead Hospital in a critical condition,” the police statement added. Swift is in Melbourne for the Australia leg of her global “Eras Tour.”The tragedy follows the death in November of a Taylor Swift fan before a concert in Rio de Janeiro, Brazil. That death came amid a record heatwave that had prompted Swift to postpone an earlier show.

Persons: Taylor Swift, Mieka Pokarier, Mieka, ”, Swift, Benevides Machado, ” Swift, I’m, “ Organizations: CNN, Australia, News Australia, Melbourne police, Dubbo Hospital, ” New South Wales police, Westmead Hospital, ” Locations: Melbourne, Dubbo, NSW, New South Wales, ” New South Wales, Rio de Janeiro, Brazil, Australia

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