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☆ Samsung Electronics plans global job cuts of up to 30% in some divisions: Reuters, citing sources
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +3 min

Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. The sources declined to be named because the scope and details of the job cuts remained confidential. Samsung Electronics , the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. The job cuts come as Samsung grapples with mounting pressure on its key units. One of the sources familiar with the plans said the job cuts were being made in preparation for a slowdown in global demand for technology products as the global economy slows.

Persons: Samsung's, Samsung Organizations: Samsung Electronics, Reuters, Samsung, Manufacturing, South Korean, SK Hynix, Apple, Huawei Locations: Americas, Europe, Asia, Africa, South Korea, India, China

☆ Harvey Weinstein indicted on new sex crime charges in New York
▼ + stars: | 2024-09-12 | by ( Lauren Del Valle | Jean Casarez | ) edition.cnn.com time to read: +2 min

CNN —A Manhattan grand jury has indicted Harvey Weinstein on new sex crime charges, according to his attorney Arthur Aidala. “The grand jury has indicted Mr. Weinstein,” prosecutor Nicole Blumberg said during a court hearing on Thursday. It could include sexual assault allegations from three women, prosecutors said at a separate hearing last week. One alleged assault occurred at a residential building in lower Manhattan in the winter months between 2005 and 2006. A source with knowledge of the matter told CNN that alleged assault is said to have occurred during in 2006.

Persons: Harvey Weinstein, Arthur Aidala, “, Weinstein, Nicole Blumberg, Prosecutors, Jessica Mann, Mimi Haley, Judge Curtis Farber, andsentenced Organizations: CNN, Tribeca, Prosecutors Locations: Manhattan, Tribeca, Los Angeles

☆ Britain labels data centers critical infrastructure to boost cyber defenses
▼ + stars: | 2024-09-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Data centers today are crucial computing infrastructure that power the modern-day internet. Granting data centers critical infrastructure status will enable the government to coordinate better against hackers and unexpected cyber events, Kyle said. Data center operators will effectively be given a direct line to the government to prepare for and respond to data threats, the government said. Data centers are a key part of the modern internet as it exists today. When they go offline, it can cause massive outages for internet users, with sometimes critical services going down.

Persons: Andrew Aitchison, Peter Kyle, Kyle Organizations: Pictures, Corbis, Getty, British Technology, Amazon, U.S, Security Locations: Hertfordshire, England, Europe

☆ Apalachee High School shooting: How officials decide whether to reopen campus to students
▼ + stars: | 2024-09-12 | by ( Nicole Chavez | ) edition.cnn.com time to read: +7 min

CNN —Dianna Moreno was afraid walking into Apalachee High School to find the laptop and charger she left behind when she rushed to evacuate after two other students and two teachers were killed last week. People hold candles during a vigil following the shooting at Apalachee High School, at Jug Tavern Park in Winder, Georgia, on September 6. Mike Stewart/APKacy Shahid, a former principal at Central Visual and Performing Arts High School in St. Louis, Missouri, said she was the first school administrator to use the guide. In Florida, students returned to Marjory Stoneman Douglas High School two weeks after the February 2018 massacre. In Texas, students at Santa Fe High School returned 11 days after a May 2018 shooting to finish the school year.

Persons: CNN — Dianna Moreno, “ It’s, “, it’s, Moreno, Elijah Nouvelage, ”, Michelle Kefford, Marjory Stoneman, Kefford, they’ve, Mike Stewart, Shahid, ” Shahid, Reggie Daniels, Eric Gay Organizations: CNN, Apalachee High School, Barrow County, Reuters, Marjory Stoneman Douglas High School, Recovery, Bethlehem Church, Central Visual, Performing Arts High School, Robb Elementary School, Santa Fe High School, KHOU Locations: Winder , Georgia, Barrow, Parkland , Florida, Bethlehem , Georgia, St, Louis , Missouri, Uvalde , Texas, Florida, Texas

☆ A US Navy aircraft carrier has left the Middle East, ending a rare show of force
▼ + stars: | 2024-09-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

Read previewA US Navy aircraft carrier left the Middle East this week, ending a show of force that saw the sea service dual-wield two carrier strike groups. The move concludes a brief period of several weeks during which the Navy had two aircraft carriers operating simultaneously in the Middle East, a rare show of force for the US military. AdvertisementThe other carrier, USS Abraham Lincoln, is still operating in the Middle East with multiple destroyers in its strike group. The Lincoln carrier strike group was sent to the region as part of this effort. The US also ordered the guided-missile submarine USS Georgia to the Middle East as part of the build-up.

Persons: —, Theodore Roosevelt, Daniel Inouye, USS Russell, Abraham Lincoln, Theodore Roosevelt's, Dwight D Organizations: Service, US Navy, Business, USS, Navy, Lincoln, Pentagon, Associated Press, Eisenhower Carrier Strike, US Locations: Israel, Iran, San Diego, Gulf, Aden, Georgia, Ohio

☆ Polaris Dawn spacewalk: Watch live as SpaceX's commercial astronauts attempt mission's historic EVA
▼ + stars: | 2024-09-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Their week-long mission, called Polaris Dawn, is fully private with no NASA involvement — but it's no billionaire joyride. The Polaris Dawn spacewalk planThe spacewalk procedure begins 48 hours before opening the Crew Dragon's hatch, with a "pre-breathe." Polaris Dawn crew members train to recognize symptoms of complications from decompression. The Polaris Dawn crew will have to open Dragon's nosecone with no airlock to keep its cabin pressurized. Polaris Program via XThe risks and stakes are highThe Polaris Dawn spacewalk plan — no airlock, vehicle fully open to space — is not totally unprecedented.

Persons: —, joyride, Elon Musk's, It's, Jared Isaacman, Anna Menon, Sarah Gillis, Scott Poteet, haven't, Leroy Chiao, Chiao, John Kraus, Isaacman, Gillis, — Menon, Poteet, Mike Hopkins, NASA Abhi Tripathi, Tripathi, Menon, Bill Gerstenmaier Organizations: Service, SpaceX, Business, Polaris, NASA, Elon, Air Force, Polaris Program, Space Station, Reuters, UC Berkeley's Space Sciences Laboratory Locations: Mars, West Coast, Hawthorne , California

Beijing/Hong Kong CNN —Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. By 2030, the number of pets in urban China alone will almost double the number of young children across the country, according to its projection. The country’s pet ownership rate would be even higher if the number of dogs and cats in rural areas were included. Its birth rate also dipped to 6.39 births per 1,000 people, the lowest rate since the founding of Communist China in 1949. I think it’s just that we love dogs,” Hansen said.

Persons: Hong Kong CNN —, Hansen, Momo, ”, Beijing hasn’t, they’ve, Justin Robertson, Goldman Sachs, Mao Zedong’s, Goldman, It’s, “, Tao, CNN Tao, CNN Stuart Gietel, aren’t, Basten, “ We’re, ” Hansen, Xi Jinping Organizations: Hong Kong CNN, Research, CNN, Publishing, Authorities, Communist, Hong Kong University of Science, Technology Locations: China, Beijing, Hong Kong, Australia, France, India, Japan, East China's Jiangsu, Communist China, Basten

To help you decide whether ESPN Plus is right for your needs, we've answered all of your pressing questions, including how much is ESPN Plus and any available deals on subscriptions. ESPN Plus (Monthly Plan) ESPN Plus is designed for sports, giving subscribers access to live MLB, NHL, NFL, soccer, golf, and UFC fights. Hulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. If you already have a Hulu or Disney Plus subscription, your MyDisney account login information will be the same for ESPN Plus. Instead of launching a separate service, all ESPN Plus content is unlocked in the ESPN app once you subscribe.

Persons: we've, There's, Peyton Manning, What's, Hulu's, you'll, Venu, —, Fubo Organizations: Business, ESPN, ESPN Plus, NBA, MLB, NHL, NFL, UFC, Hulu, Disney Plus, Disney, ABC, ESPN3, ESPN2, ESPN ESPN, Fire, Apple, Google, Fox, Warner Bros, Discovery, TNT, TBS

☆ Jensen Huang says if 'anything were to happen' in Taiwan, Nvidia could have GPUs made somewhere else
▼ + stars: | 2024-09-12 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

When Nvidia CEO Jensen Huang spoke to Goldman Sachs CEO David Solomon on Wednesday, the banker raised this relationship — and how precarious it is due to rising tension in the Taiwan Strait. This story is available exclusively to Business Insider subscribers. Last year, Huang said he felt "perfectly safe" relying on manufacturing in Taiwan. Though Samsung has some of the same capabilities required to produce the most advanced chips, TSMC is the clear leader. Huang went on to praise TSMC for scaling up to meet the demand that created Nvidia's "hockey stick" earnings in recent years.

Persons: —, Jensen Huang, Goldman Sachs, David Solomon, Solomon, Huang, Dylan Patel, Chris Miller, TSMC, Patel Organizations: Service, Nvidia, Wednesday, Business, Samsung, Intel, SEC, Blackwell Locations: Taiwan, Asia, China, Pacific, TSMC, South, Arizona

☆ Jordan Chiles: US gymnast says ‘the person I am’ was taken from her during Olympic medal controversy
▼ + stars: | 2024-09-12 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Not just my sport, but the person I am,” she told Forbes’ Power Women’s Summit, appearing emotional at times. … I feel like I was really left in the dark.”CNN has reached out to the International Olympic Committee, the International Gymnastics Federation and CAS for comment on Chiles’ comments. Chiles spoke of the “huge toll on [her] mental health” the coach’s comments had as she considered quitting gymnastics. The win was historic – marking the first time all three positions on the Olympic podium were held by Black women. Chiles was initially awarded a bronze medal in the women's floor exercise event at the 2024 Paris Olympic Games.

Persons: Jordan Chiles, Chiles, Romania’s Ana Bǎrbosu, ”, it’s, …, “ didn’t, ” Chiles, Taraji, Henson, Tracie Jade, Simone Biles, Brazil’s Rebeca Andrade, Gabriel Bouys, “, ” USAG, Hamid G, Gharavi Organizations: CNN, Games, Sport, CAS, Wednesday, Forbes, Power Women’s, International Olympic Committee, International Gymnastics Federation, Olympics, Olympic, Getty, Romanian Gymnastics Federation, US, Paralympic, USA Locations: Romanian, AFP, Romania

☆ South Korea was the world’s biggest ‘baby exporter.’ New evidence shows some mothers were forced to give up children
▼ + stars: | 2024-09-12 | by ( Jessie Yeung | Yoonjung Seo | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —South Korea has for decades been known as the world’s largest “baby exporter” – sending hundreds of thousands of children overseas after the country was ravaged by war and many mothers left destitute. Searching for their rootsMore than 200,000 South Korean children have been adopted overseas since the 1950s following World War II and the Korean War, according to authorities. While adoptions continue today, the trend has been declining since the 2010s after South Korea amended its adoption laws in an effort to address systematic issues and reduce the number of children adopted overseas. “It’s truly terrifying to hear how systemic these issues were, but I wouldn’t say it’s necessarily surprising,” said Susanné Seong-eun Bergsten, who was adopted from South Korea and grew up in Sweden. “There is still much about Korean adoption that has not been formally acknowledged.”

Persons: ”, adoptees, “, Susanné Seong, Mark Zastrow, Bergsten Organizations: South Korea CNN, Commission, CNN, Korean Locations: Seoul, South Korea, Korea, Korean, Daegu, Sejong, United States, Australia, Norway, Denmark, Europe, It’s, Sweden, adoptees

☆ Applying to jobs is tough, try doing it 2,200 times
▼ + stars: | 2024-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, this guy is ready to give up after applying to nearly 2,200 jobs . The big storyNot hiringKevin Cash Ben BoxerHow tough is the current job market? AdvertisementThe job market is in a weird spot these days. On paper — and maybe in another labor market — Kevin appears to be the perfect candidate. It's a tough reality check for employees who previously held all the power in the job market.

Persons: —, Zer, Kevin Cash Ben Boxer, Kevin Cash, Tim Paradis, Kevin, it's, Forget, Tyler Le, we're, duMond, Chip Somodevilla, Alyssa Powell, Harris, Rebecca Zisser, Elon, Apple, Jensen, Goldman Sachs, David Soloman, Huang, Chelsea Jia Feng, Trump, Brian Niccol, We're, Niccol, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Mensa, BI Trump, Oppenheimer, Fed, Twitter, Nvidia, Kroger, London Locations: San Francisco, Austin, New York, London

☆ Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy
▼ + stars: | 2024-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The meeting, which hasn’t been previously reported, is the first time senior White House officials will sit down with tech company leadership to discuss how to quench AI’s insatiable thirst for energy. The source said the White House expects to detail how the public and private sector can work together to maintain US leadership in AI in a sustainable way. AI is expected to spark a 160% surge in power demand from data centers by 2030, according to Goldman Sachs. Exowatt just launched a new system that can generate and store clean energy to AI data centers. Other US officials expected to attend Thursday’s AI power meeting include White House Chief of Staff Jeff Zients, National Economic Adviser Lael Brainard, National Security Adviser Jake Sullivan and top climate officials Ali Zaidi and John Podesta.

Persons: Sam Altman, Ruth Porat, Dario Amodei, hasn’t, Jennifer Granholm, Gina Raimondo, Harris, Joe Biden, Kamala Harris, Biden, Goldman Sachs, Altman, ”, ” Altman, “, Robyn Patterson, Jeff Zients, Lael Brainard, Jake Sullivan, Ali Zaidi, John Podesta, Oprah Winfrey, Bill Gates Organizations: CNN, White, Google, White House, Wall, . Energy, Biden, Microsoft, International Energy Agency, Washington Post, United, “, National Economic, National, ABC Locations: America, Washington, United States, Exowatt

☆ Why we started a position tied to housing and where we see this stock going
▼ + stars: | 2024-09-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

We started buying Home Depot shares last week as a play on housing and interest rates. Our Home Depot investment thesis is all about a pickup in housing turnover, the main driver of the home improvement retailer's sales. When rates went below 6.5% toward the end of last year, he explained, there was an immediate increase in housing activity, mortgage applications, and mortgage refinance applications. Mortgage rates with a 5% handle could be on the horizon, at least that's what Toll Brothers CEO Doug Yearley thinks. With these numbers, it's easy to see why Decker is optimistic that activity will normalize, and housing turnover and remodel activity will pick-up again.

Persons: Ted Decker, Doug Yearley, Yearley, Decker, Lowe's, Jim Cramer's, Jim Cramer, Jim Organizations: Home Depot, Dow, Depot, Toll, Home, Management, CNBC

☆ CNBC's Inside India newsletter: What happens when the Fed cuts rates?
▼ + stars: | 2024-09-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Historically, a rate cut has been a signal for central banks in emerging markets, like India, to follow by easing monetary policy in their regions. The latest data shows that the inflation rate appears to be heading in the wrong direction in India. The headline inflation rate rose in August to 3.65% compared to 3.6% in the previous month. Instead, markets have simply hit snooze on a rate cut by the Reserve Bank of India for the moment. If there's no global recession, a risk-on sentiment will likely help push up emerging market equities in the medium term after the U.S. central bank cuts rates.

Persons: Shah, Mahesh Nandurkar, Surendra Goyal, CNBC's, BofA, Banks Organizations: Federal, Reserve Bank of India, Reserve Bank, Capital Economics, India, greenback, Federal Reserve, Jefferies, Bank of America, Citi, India Research, Bank Locations: India, U.S

Mortgage rates have dropped nearly 20 basis points this week, with 30-year rates now near 5.7%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have inched down this week and are now hovering near 5.7%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Because markets are already anticipating that the Fed will lower rates, mortgage rates might not drop much in response to a Fed rate cut.

Persons: you'll, Freddie Mac, it's Organizations: Reserve, of Labor Statistics, Fed, Zillow Locations: Chevron

☆ Stock market today: Indexes rise as investors assess producer inflation and jobless claims data
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Indexes rose Thursday as investors digested new inflation and labor market data. Jobless claims last week rose slightly following two weeks of consecutive declines. The producer price index logged a 0.2% monthly rise, in-line with expectations. In the second inflation reading of the week, the producer price index rose 0.2% from July to August, in line with expectations. This corner of the stock market is set to outperform once the Fed starts cutting interest rates, Goldman Sachs says.

Persons: —, Harris, Ed Yardeni, Goldman Sachs Organizations: Service, Federal Reserve, Labor Department, Here's, Trump

☆ Interest payments on the national debt top $1 trillion as deficit swells
▼ + stars: | 2024-09-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported Thursday. Subtracting the interest the government earns on its investments, net interest payments have totaled $843 billion, higher than any other category except Social Security and Medicare. The jump in debt service costs came as the U.S. budget deficit surged in August, edging closer to $2 trillion for the full year. The Fed is widely expected to lower rates next week, but just by a quarter percentage point. The benchmark 10-year note last yielded about 3.7%, down more than three-quarters of a percentage point since early July.

Organizations: U.S . Treasury, Treasury Department, Federal Reserve, Social Security Locations: Washington , U.S, U.S

☆ Wholesale prices rose 0.2% in August, in line with expectations
▼ + stars: | 2024-09-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates. The core increase was the same when excluding trade services. On a 12-month basis, headline PPI rose 1.7%. On the PPI measure, services prices pushed much of the gain, with a 0.4% monthly increase driven by a rise in services less trade, transportation and warehousing. The release comes a day after the BLS reported that consumer prices rose 0.2% on the month in line with expectations.

Persons: Dow Jones Organizations: Federal Reserve, of Labor Statistics, PPI, Labor Department, BLS

☆ OpenAI is showing that the AI race is survival of the richest
▼ + stars: | 2024-09-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's also a sign of just how expensive the business of training and running AI models is getting. AdvertisementGenerative AI is a cash-guzzlerStartups like OpenAI need to raise huge amounts of capital to build smarter AI models. Just look at the spending of Big Tech firms working to improve their AI models. Consolidation has struck the AI industry in recent months, as some top startups trying to build AI models have been gutted. AI startups serious about progressing on LLMs will need to figure out the answer to this pretty quickly.

Persons: —, Elon, Sam Altman, ChatGPT, It's, Justin Sullivan, OpenAI, Dario Amodei, Anthropic, Pretty, Amodei's Anthropic, Dario Amodei's Anthropic, Noam Shazeer —, Ben Bergman, Sri Muppidi, it's, Elad Gil, Gil Organizations: Service, Bloomberg, Business, SpaceX, Getty, Microsoft, Big Tech, Street, Nvidia, Apple, Amazon, Samsung, Google Locations: OpenAI, aren't

☆ Harris or Trump: Does it matter for China who wins the election?
▼ + stars: | 2024-09-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Casanova's view is shared by other experts who have said that both the Republican and the Democratic presidential nominees — Donald Trump and Kamala Harris — will remain tough on China. U.S. trade ties with China will remain tense no matter who wins the election in November, according to Carlos Casanova, senior economist at Swiss private bank UBP. Stronger tariffs by Harris cannot be ruled out either, given Biden not only retained Trump's tariffs, he piled on more. During the debate, Harris did not give specifics on her China policy, but said that "a policy about China should be in making sure the United States of America wins the competition for the 21st century." So it doesn't matter who wins the election," Casanova told CNBC's "Squawk Box Asia."

Persons: Donald Trump, Kamala Harris —, Carlos Casanova, Trump, Harris, Eswar Prasad, Biden, Casanova, CNBC's, Janet Yellen, Yellen, Marko Papic, it's Organizations: Republican, Democratic, CNBC, U.S, Cornell University, America, BCA Research Locations: Yantai, China, China . U.S, Swiss, U.S, United States, Europe, Beijing

☆ Deutsche Bank on what stocks to buy if Kamala Harris wins
▼ + stars: | 2024-09-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Deutsche Bank has some ideas on which stocks investors will want to hold if Kamala Harris comes out on top in November's presidential election. Following Tuesday night's debate , analyst Nicole DeBlase sent a note to clients looking at the themes and individual companies that stand to benefit from another four years of Democrats in the White House. Here's what she likes in this scenario: Residential construction suppliers, which can benefit from more housing support: Lennox International , Stanley Black & Decker , Carrier Global , Trane Technologies and Pentair Stocks tied to a "more cooperative and less protectionist world order": Stanley Black & Decker, Zurn Elkay Water Solutions Electric product and system makers, assuming an intact Inflation Reduction Act: Eaton , Hubbell , Vertiv HVAC stocks, for the same reason: Lennox International, Carrier Global, Trane Technologies, Johnson Controls International Regulation of per- and polyfluoroalkyl contaminants, known as PFAS: Xylem "From a high level, [a] Harris victory would likely bring more support for lower-income households (via housing subsidies/tax breaks) but higher corporate tax rates, less overt protectionism and legislation that limits/reverses climate change," DeBlase told clients. The election is almost universally expected to be close. One measure of economic "misery " appears to favor Harris, using data analysis from research firm Strategas — but only by a narrow margin.

Persons: Kamala Harris, Nicole DeBlase, Stanley Black, Decker, Pentair Stocks, Eaton, Hubbell, Harris, DeBlase Organizations: Deutsche Bank, Lennox International, Carrier, Trane Technologies, Pentair, Solutions, Johnson

☆ We're in the era of the permanent campaign. Could Kamala Harris change that?
▼ + stars: | 2024-09-12 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +9 min

Read previewWhen Vice President Kamala Harris announced that she was running for president on July 21, she changed more than the dynamics of the race — she upended the entire timeline of presidential elections. AdvertisementMichael Sistak, who served as Sen. Mitt Romney's political director in Michigan in 2012, described a presidential campaign as a "long slog through the mud." AdvertisementIn the 1960s, primaries became a fixture of presidential elections and added months to the campaign. The primary system emerged as a decisive force after World War II and solidified its place in the American presidential election process in 1968. "It's a slog from January all the way to the convention," she said about presidential election years.

Persons: —, Kamala Harris, Harris, Donald Trump, Rachael Cobb, Cobb, Joseph Campbell, Tim Hogan, Hillary Clinton, Amy Klobuchar, they're, Michael Sistak, Sen, Mitt Romney's, Hogan, Sistak didn't, — Campbell, Eugene McCarthy, Hubert Humphrey, Humphrey, Charles Stewart, Stewart, Sistak, Clinton, Daron Shaw, Shaw, isn't, we've Organizations: Service, Business, White House, Suffolk University, American University, White, Romney's, MIT, Politics, UT Austin, Democratic, Republican Locations: Michigan

☆ JD Vance says he thinks Apple benefits from Chinese slave labor: 'That's pretty sick'
▼ + stars: | 2024-09-12 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC's "Squawk Box," stating he thinks the company benefits from "slave labor" in China. "Do I think Apple is an evil company? Do I think that sometimes they benefit from Chinese slave labor? "I think that a company that wants to benefit from American markets should also have to pay American workers a fair wage." Apple has previously stated that it has found no evidence of forced labor anywhere it operates.

Persons: Ohio Sen, JD Vance, Vance, Apple, Donald Trump, Lina Organizations: Ohio, Apple, Congressional, Commission, . Customs, U.S, Federal Trade Commission, Facebook, Meta, Google Locations: China, Vietnam, India, iPhones, New York City

CNN —The Justice Department is expected to soon announce criminal charges against the Iranian government-backed hackers who carried out a hack-and-leak operation targeting former President Donald Trump’s campaign, four sources familiar with the matter told CNN. The criminal charges against the Iranian hackers could be unveiled as soon as next week, two of the sources said. The Iranian hackers stole internal Trump campaign documents and shared them with news organizations in an attempt to sow discord during the presidential election, according to US officials. The hackers breached the email account of longtime Trump ally Roger Stone to target campaign staff in June, CNN has reported. CNN has requested comment from the Justice Department on the pending move against the hackers.

Persons: Donald Trump’s, Roger Stone, Matthew Olsen, “, ” Olsen, China — Organizations: CNN, The Justice, Trump, Islamic Revolutionary Guard Corps, Justice Department, The Washington, Columbia Law, Department’s Locations: Russian, Iran, China, United States

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