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☆ Elon Musk's problems keep piling up as Tesla's value slides $188 billion this year
▼ + stars: | 2024-02-24 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

The world's richest person has faced problems at Tesla, SpaceX and X, ranging from a tanking Tesla valuation to an X advertiser exodus. Tesla's stock slide has erased about $188 billion from its valuation this year, according to Business Insider's calculations. The stock closed at just under $192, leaving it worth just over $600 billion at the close of trading Friday. Before you start feeling too sorry for Musk, though, he's still worth $208 billion. Justin Sullivan/Getty ImagesDelaware pay rulingTo add insult to injury, a Delaware judge also ruled against Musk's $55 billion Tesla pay package last month.

Persons: —, Elon Musk, Tesla, Seth Goldstein, Morningstar, Roth, Craig Irwin, Warren Buffett's Berkshire Hathaway, Eli Lilly, he's, He's, Elon, Justin Sullivan, Musk, rkbH7mKNw2, Fidelity, Axios, Starlink, Russia's Organizations: Service, Elon, SpaceX, Business, Big Tech, Microsoft, Apple, Nvidia, Meta, Tesla, EV, Bloomberg, Wall, Getty Images Delaware, Musk's, Lone Star, Twitter, Insider Intelligence, X Locations: Delaware, Tesla, Texas, Ukrainian, Chernihiv, Ukraine, Kyiv, Houston

☆ 3 surprises from Nvidia earnings help justify a one-day $250 billion boost to its market value
▼ + stars: | 2024-02-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

If that return isn't there, will they keep ordering the latest and greatest Nvidia chips? Despite the overall improvements in availability, Nvidia on Wednesday indicated it will face supply-and-demand imbalances with its upcoming AI chips. The U.S. government has said its export controls are designed to keep high-powered AI chips out of the hands of the Chinese military. In the November-through-January quarter, China accounted for a mid-single-digit percentage of Nvidia's $18.4 billion in data center revenue, according to the company. The fact Nvidia still booked China revenue in the hundreds of millions of dollars means it could take a further hit in the region.

Persons: —, Jensen Huang, Raymond James, Nvidia's, Colette Kress, Huang, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Meta, Apple, Microsoft, Melius Research, Devices, Big Tech, Wall, U.S, Truist Securities, CNBC, Visitors, NVIDIA, Hangzhou Apsara, Getty, Nurphoto Locations: China, Hangzhou, Hangzhou Apsara Conference, Zhejiang province

☆ Ukraine's missiles have been keeping Russia's powerful air force at bay. They're running out.
▼ + stars: | 2024-02-22 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewUkraine is running out of key missiles to protect its skies against Russian attacks, a development that could allow Russia's air force to firmly enter the conflict. But Ukraine has been able to largely hold Russia's air force back from the conflict since the start of the full-scale invasion in February 2022. Reduced Ukrainian air defenses mean the severity of Russia's drone and missile strikes will likely increase — and its air force could also come more into play. But without enough air defense systems "the risk is we see more and more of the Russian air force actually being able to conduct battlefield interdiction," he added. "The Russian Air Force is still a significant threat," Bronk said.

Persons: —, Frederik Mertens, Viacheslav, Justin Bronk, SAMS, Bronk, it's, SAMs Organizations: Service, Business, Getty, Hague, Strategic Studies, Ukrainian Tactical Aviation, New York Times, REUTERS, Royal United Services Institute, Russian Air Force Locations: Ukraine, Russia, Russian, Lyman, Avdiivka, Kyiv

☆ Major companies in China are setting up their own volunteer armies
▼ + stars: | 2024-02-21 | by ( Laura He | ) edition.cnn.com time to read: +12 min

Hong Kong CNN —Chinese companies are doing something rarely seen since the 1970s: setting up their own volunteer armies. According to China’s Military Service Law, male militia members should be 18 to 35 years old. It was latest in a slew of militias established by major Chinese companies in the past year. After 1949, when the party took control of mainland China, the units were eventually embedded into governments, schools and companies. This can, in the long run, save the PLA resources by delegating some duties to militia forces to care for,” Heath said.

Persons: Xi, ”, Neil Thomas, Nuo Nuo, Huang Zhiqiang, Qilai Shen, Liu Jie, Mao Zedong, Mao, Timothy Heath, homebuyers, Heath, ” Heath, Willy Lam, Sam Yeh, ” Lam, China’s Organizations: Hong Kong CNN, CNN, People’s Armed Forces Departments, America’s National Guard, Communist, Asia Society, Center for, Communist Party, China Labour Bulletin, Foxconn, Yili, Armed Forces Department, China’s Military Service Law, People’s Liberation Army, PLA, government’s Communist Party, Inner Mongolia Autonomous, Bloomberg, Getty, Shanghai Municipal Investment Group, Construction Investment, Development, Defense Ministry, People’s Armed Police, Armed, Rand Corporation, Jamestown Foundation, Party, Taiwan Locations: China, Hong Kong, Center for China, Beijing, Zhengzhou, Henan, Hohhot, Inner Mongolia, Yili, Shanghai, Mengniu, Nantong city, Jiangsu, Huizhou city, Guangdong, Wuhan, Hubei province, People’s Republic, United States, Taiwan, Fangchenggang City, Guangxi, ”, PLA, Taiwan's, AFP

☆ Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +18 min

AdvertisementWalmart would not provide details on its points-based attendance system to Business Insider. AdvertisementSimilar to Walmart's policy, Amazon uses a points-based attendance system that could land employees in hot water if they hit eight points in a rolling 60-day period, according to the company. Many companies, including mid-size ones, have started to implement a points-based system to track lateness and absences, Zambrano noted. Amazon disputed the description of its points-based attendance system as totally "automated." "The attendance system works very similar to a standard time clock system," Stephenson, Amazon's spokesperson, told Business Insider.

Persons: Ron Zambrano, Zambrano, Lizzo, Nick Yasman, Yasman, Kelly Hellbusch, Hellbusch, Julio Cortez, Sam Stephenson, Stephenson, There's, Patricia Caputo, " Caputo, Caputo, Artur Widak, Amazon, Caputo wasn't, Mekaliah Torres, Torres, David Wagner, Wagner, Larreon Murphy, Murphy, they're, Elizabeth Gedmark, Gedmark Organizations: Walmart, Trial, Amazon, Business, West Coast, Lawyers, Employees, West Coast Trial, AP, United, Zambrano , West, California's Kern County Superior Court, Superior Court, California's Riverside County Superior Court, California's Sacramento County Superior Court Locations: California, Amazon, New York, Zambrano ,, California's Kern County, California's Fresno, California's Riverside County, California's Sacramento County

Maxym Marusenko/NurPhoto/Getty ImagesA Russian helicopter pilot Maxim Kuzminov who defected to Ukraine in a dramatic operation is dead, Ukraine’s Defense Intelligence Directorate (GUR) tells CNN. A source at Ukraine’s GUR confirmed to CNN the body was that of Kuzminov, but would not comment on how he had died. Spanish Civil Guard officers investigate the garage where the body of Russian pilot Maxim Kuzminov was found in Villajoyosa, Spain, on February 13. Some context: Last September, CNN reported on how the Russian pilot flew his Mi8 combat helicopter across the border – in an operation directed by Ukraine’s GUR. In an interview, carried out under the auspices of the GUR, Kuzminov explained how he planned his defection and why he did it, telling reporters he was opposed to the war.

Persons: Butenko, Andrew Carey, Al Goodman, Maxim Kuzminov, Maxym, Ukraine’s GUR, Rafa Arjones, Dmitry Peskov, Sergey Naryshkin, Kuzminov Organizations: Ukraine’s Defense Intelligence, CNN, Spanish Civil Guard, Ukraine’s, Civil Guard, Reuters, Foreign, RIA Novosti, Mi8 Locations: CNN’s, Kyiv, Madrid, Russian, Ukraine, Spain, Villajoyosa, Informacion, Russia, Moscow

☆ Alibaba bets on overseas e-commerce unit amid sluggish growth in China
▼ + stars: | 2024-02-20 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesChinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. James Dong, CEO of Southeast Asian e-commerce giant Lazada Group, was named as Daraz's acting CEO. Dong took over as Lazada Group CEO from Chun Li in June 2022, after running the company's Thailand and Vietnam operations. Intense competitionThe e-commerce business that once propelled Alibaba to success has run into challenges with upstart competitors such as PDD, while consumption growth in China remains sluggish. Alibaba posted 9% year-on-year revenue growth in the third quarter to about $31 billion.

Persons: Eddie Wu, Yinglan Tan, AliExpress, Bjarke Mikkelsen, Jan, James Dong, Lazada, Tan, Alibaba, Zhang, Dong, Chun Li, Li, Pierre, Lucy Peng, PDD Organizations: Nurphoto, Getty, Digital Commerce, Tmall, Tmall Group, Alibaba, Ventures, Lazada, CNBC, Ventures Partners, Alibaba Group, PDD Holdings, Hong Kong, HK Locations: Huangpu District, Shanghai, Taobao, monetization, Alibaba, Pakistan, Asia, China, Thailand, Vietnam, Hong Kong

☆ Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
▼ + stars: | 2024-02-19 | by ( Laura He | Marc Stewart | ) edition.cnn.com time to read: +6 min

But according to CNN calculations based on official data, the average tourism-related spending per trip was below pre-pandemic levels, as consumer confidence remains weak amid deflationary pressure. However, the most recent holiday season took place over eight days from February 10 to February 18, which was one day more than previous periods. On average, 59.25 million domestic trips per day were made during this holiday period, slightly lower than the 59.29 million trips per day taken in 2019. Movie ticket sales reached a record 8 billion yuan ($1.11 billion) during the eight-day holiday season, according to data released on Sunday by China Film Administration. “The headwinds to growth remain severe and it will take more than a bump in holiday travel for market sentiment to recover,” said Neumann.

Persons: ” Nomura, ”, Frederic Neumann, Neumann, “ Organizations: Beijing CNN, CNN, Ministry of Culture, Tourism, Hangzhou East Railway, National Immigration Administration, China Film Administration, HSBC, China Index Holdings, Shenzhen Component Locations: China, Hong Kong, Beijing, Hangzhou, China's Zhejiang province, Macao, Asia, Shanghai, Shenzhen

☆ How to choose the best quality olive oil
▼ + stars: | 2024-02-19 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —Olive oil has many health benefits, including lowering the risk for dementia, poor heart health, cognitive decline or early death. Here’s what you need to know to select the best possible olive oil for your diet. Harvest and processingHistorically, brands that maintain a high quality of olive oil are those that put care into the process from the moment of harvest, Kyriakides said. Extra virgin olive oil is the healthiest version because it’s cold-pressed only once without high heat or chemical solvents. “That will help them develop a more discerning palate for olive oil.

Persons: ”, Tassos Kyriakides, Mercedes Fernández, Kyriakides, ” Kyriakides, Davide Pischettola, “, It’s, —, Selina Wang, “ I’m, it’s, Joseph R, Profaci, don’t, Wang Organizations: CNN, Yale School of Public Health, International Olive Council, University of California, North American Olive Oil Association Locations: New Haven , Connecticut, Spain, Molfetta, Italy, United States, California, Georgia , Oregon , Texas, Arizona, Davis

☆ British retail rebound provides some hope for recession-hit economy
▼ + stars: | 2024-02-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

(Photo by Alberto Pezzali/NurPhoto via Getty Images)LONDON — Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday — and suggest that the country's recession will be short-lived, according to some economists. Sales rebounded by 3.4% from December, according to the Office for National Statistics, the strongest monthly gain since April 2021. The latest figures follow the news of Thursday that the British economy entered a technical recession in the final quarter of 2023. British retail sales meanwhile remain 1.3% below their pre-pandemic level from February 2020, according to the ONS. Kris Hamer, director of insight at the British Retail Consortium, said two months of higher sales volumes over the last three months were "promising" after 19 months of decline.

Persons: Alberto Pezzali, Joe Maher, Maher, —, Kris Hamer, Hamer, Kallum Pickering, Pickering Organizations: Charing Cross, Getty, Office, National Statistics, Reuters, Gross, Capital Economics, British Retail Consortium Locations: Charing, London, England, –

☆ Google's new AI-powered wingman highlights the challenges of using a tool that could eventually replace you
▼ + stars: | 2024-02-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today’s big story, we’re looking at Google’s new internal AI model aimed at improving worker efficiency. The big storyAI assistanceCBS Photo Archive/Getty ImagesGoogle employees are getting an AI-powered wingman in the company’s bid to improve efficiency. Goose can answer questions about Google's tech and write and edit code, according to an internal summary of the model. Tech companies have tested inventions on their own employees for years in a process known as "dogfooding," writes BI's Alistair Barr.

Persons: —, Denny's, customizations, Hugh Langley, Tom Cruise’s copilot, Alistair Barr, Tyler Lee, “, Bryan R, Smith, Wall, Gary Gensler, We’re, Société, Elad Gil, Gil, ChatGPT, it’s, Uber, Nomura, Young homebuyers, Meredith Whitney, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, CBS, Getty, Microsoft, OpenAI, Tech, Google, Big Tech, Fed, UBS, SEC, Silicon Valley’s, BI, Xbox, Dragon, Workers, Wall Locations: China, New York, London

☆ AI is shaking up online dating with chatbots that are 'flirty but not too flirty'
▼ + stars: | 2024-02-14 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

YourMove.AI, an AI dating tool that offers a range of services such as drafting messages, analyzing conversations and evaluating users' dating app profiles, has about 250,000 users, founder Dmitri Mirakyan estimates. Rizz, an AI dating assistant, debuted in 2022 after ChatGPT took off. Like in other areas, relying too much on AI in dating can cross the line into unethical behavior. Although the use of AI for dating purposes isn't necessarily all bad, he added, dating apps will still need to "tread with caution." WATCH: How I built my $400 million-a-year dating app

Persons: Stan Marsh, Clyde Donovan, Clyde, Stan, OpenAI, it's, Dmitri Mirakyan, YourMove, Mirakyan, ChatGPT, he'd, Roman Khaves, Josh Miller, Khaves, It's, Jonathan Raa, Alex Weitzman, Weitzman, They've, Gary Kremen, Kremen, Lisa Marie Bobby, Bobby, Renate Nyborg, Nyborg, Meeno Organizations: Nvidia, CNBC, Nurphoto, OpenAI's Locations: U.S, New York, chihuahua, Finland, Australia, New Zealand, Netherlands

☆ Shakhtar Donetsk: Serhii Palkin was running the biggest soccer club in Ukraine. After war broke out, his life changed forever
▼ + stars: | 2024-02-13 | by ( Ben Church | Martynas Ruseckas | ) edition.cnn.com time to read: +10 min

While he scrambled to keep his young family safe amid the near constant bombardment, Palkin also had the responsibility of looking after Ukraine’s most successful soccer club, Shakhtar Donetsk. Almost two years we have been in these kinds of conditions.”Palkin was named Shakhtar Donetsk’s CEO in 2004, taking charge of the most decorated club in Ukraine. In addition to its domestic dominance, the team regularly competes in the UEFA Champions League, alongside the biggest names of the sport. Since the conflict began, though, six people with direct ties to the club have died, according to Palkin. But many of those players, which the club had invested in before the war, left Shakhtar for free as a result of the ruling.

Persons: Palkin, ” Palkin, Milos Bicanski, didn’t, ”, Volodymyr Zelenskyy, he’s, it’s, Matteo Ciambelli, Fernandinho, FIFA’s, Mykhailo Mudryk, Marvin Ibo, GES Sportfoto Organizations: CNN, Shakhtar Donetsk, CNN Sport, Shakhtar Donetsk’s, UEFA Champions League, Soccer, country’s Premier League, ” Shakhtar, FC Barcelona, Champions League, Shakhtar, Getty, FIFA, Manchester City, Atlético Paranaense, Premier League, Sport, European, European Commission, English Premier League club Chelsea, Barcelona, “, ” Shakhtar Donetsk, Europa League, Marseille Locations: Russia, Ukraine, London, Kyiv, Europe, Germany, Donbas, Crimea, Russian, Brazil, Hamburg

☆ I've been on 110 cruises. Here are my tips for getting the best value before and during your trip.
▼ + stars: | 2024-02-13 | by ( Robert L. Willett | ) www.businessinsider.com time to read: +6 min

Read previewI've been on 110 cruises in the past few decades, and I've learned some of the best ways to get a great deal before and during a trip. Here are some of my best tips for saving money on a cruise. Drink packages aren't always worth the cost on cruise ships. Many people book excursions through the cruise line because the ship must wait for individuals on its excursions to return. Also consider skipping the onboard spa — I've found many services at sea can cost double what they might on land.

Persons: —, I've, Artur Widak, Salvador Aznar, Shutterstock Organizations: Service, Business, Royal, Cruises Locations: Alaska, Royal Caribbean

☆ Russia used a Zircon hypersonic cruise missile for the first time in recent strike, Ukraine claims
▼ + stars: | 2024-02-13 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

CNN —Ukraine claims it has evidence Russia fired an advanced hypersonic missile – one that experts say is almost impossible to shoot down – for the first time in the almost 2-year-old war. The government-run Kyiv Scientific Research Institute of Forensic Expertise said in a Telegram post that debris recovered after a February 7 attack on the Ukrainian capital pointed to the use of a Zircon hypersonic cruise missile by the Russian military. Ukrainian authorities reported four people were killed and 38 others injured in Kyiv during the February 7 attacks, but no casualties have been directly attributed to the alleged Zircon missile. Its hypersonic speed makes it invulnerable to even the best Western missile defenses, like the Patriot, according to the United States-based Missile Defense Advocacy Alliance (MDAA). Additionally, the MDAA says the Zircon is “a maneuvering anti-ship hypersonic cruise missile” with a range of somewhere between 500 and 1,000 kilometers (310 to 620 miles).

Persons: Serhii, Gorshkov, Vladimir Putin, ” Putin, Yurii Ihnat, ” Sidharth, CNN’s Svitlana Vlasova, Mariya Knight, Andrew Carey, Jack Guy Organizations: CNN, Kyiv Scientific Research, Forensic, Ukraine’s, Ministry, Firefighters, Reuters, Missile Defense Advocacy Alliance, Russian, Ukrainian Air Force, Royal United Services Institute, Zircons Locations: Ukraine, Russia, Russian, Kyiv, Holosiivskyi, United States, “, Ukrainian, London

☆ AI ‘resurrects’ long dead dictator in murky new era of deepfake electioneering
▼ + stars: | 2024-02-12 | by ( Heather Chen | ) edition.cnn.com time to read: +7 min

“As a member of Golkar, I am very proud of Suharto because he successfully developed Indonesia,” Aksa wrote on X. The Golkar-produced Suharto video was just one of dozens featured in official party campaigns, they said. AI photos made by supporters, have also been used by Ganjar’s party in his campaign. Indonesia’s Communications Ministry issued advisories following several viral AI videos, warning tech companies and voters to be cautious of deepfakes. TAPP (Tim Advokasi Peduli Pemilu), a Jakarta-based nonprofit, said that videos like the Suharto deepfake showed AI’s potential for voter manipulation.

Persons: Suharto, ”, Erwin Aksa, Golkar –, Prabowo Subianto, –, ” Aksa, Golda Benjamin, Ganjar, Darryl Ramadhan, Muhammad Zulfan Dalimunthe, ” Budisatrio, Prabowo’s, Ganjar Pranowo, Anies Baswedan, Anies, ” Anies, TAPP, Tim Advokasi Peduli, Suharto deepfake, Gugum Ridho, Rahmat Pribadi, Suharto Suharto’s, Soe Tjen, Anton Pratama, “, ” Anton Organizations: CNN, Facebook, YouTube, Golkar, Asia Pacific, ”, Gerindra Party, Central Java Gov, Ganjar’s Democratic Party of, Jakarta Gov, Indonesia’s Communications Ministry, Getty, SOAS University of London Locations: Indonesia, Indonesian, Asia, Jakarta, Lubuk Pakam, North Sumatra, AFP, Gugum Ridho Putra, East Timor, Aceh, West Papua, Maluku, Yogyakarta

☆ Russian forces are using Elon Musk's Starlink in occupied areas, Ukraine army intelligence says
▼ + stars: | 2024-02-11 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Read previewRussia is using Starlink terminals in occupied parts of Ukraine, Ukrainian military intelligence (GUR) has claimed. Ukrainian intelligence confirmed that Russia is using Starlink after intercepting the radio communications of Russia’s 83rd Assault Brigade, which is operating near the towns of Klishchiivka and Andriivka in the Donetsk region. Starlink said in a statement on Thursday that it does not do business with Russia's government or military. A Starlink antenna covered with a camouflage net used by the Armed Forces of Ukraine in the Donetsk region, December 2022. NurPhoto / GettyMusk initially gave his full support to Ukraine when Russia first invaded, with SpaceX sending "thousands" of Starlink terminals to the country, but relations have since cooled.

Persons: —, Andrii, Elon Musk's, Ukraine’s GUR, Starlink, Bryan Clark, NurPhoto, Getty Organizations: Service, 83rd Assault Brigade, Business, Ministry of Defense, Elon, Elon Musk's SpaceX, SpaceX, Hudson Institute, Armed Forces of Locations: Russia, Ukraine, Ukrainian, Klishchiivka, Donetsk, Armed Forces of Ukraine

The Russian war machine is running at full tilt and has a much larger pool of men to draw from than Ukraine to replenish its ranks. Zelensky said he and Zaluzhnyi had a “frank discussion about what needs to be changed in the army. Frontline units in several vulnerable areas told CNN in recent weeks that they were often chronically short of ammunition, particularly Western 155mm artillery shells. The Russian military continues to make mistakes, but it is learning and adapting, especially in the exploitation of attack and reconnaissance drones and electronic warfare. The Russian military has also exploited glide technology to deliver aerial bombs more accurately, one reason that the Ukrainian offensive in the south faltered last summer.

Persons: Volodymyr Zelensky, Valerii Zaluzhnyi, Zaluzhnyi, Zelensky, Oleksandr Syrskyi, Syrskyi, Volodymyr Zelenskiy, ”, Matthew Schmidt, ” Schmidt, Frontlines, Diego Herrera Carcedo, “, Kyrylo Budanov, Schmidt, Vadim Ghirda, Dmytro Kuleba, Budanov, Valerie Zaluzhnyi, ’, Serhii Naiev, Zaluzhnyi’s, Putin, Vladimir Putin, Donald Trump, Mick Ryan, –, Zaporizhzhia, Maxym, it’s Organizations: CNN, Presidential Press Service, Reuters, International Affairs, University of New, Getty, Ukrainian Military Intelligence, Biden, EU, Ukrainian, Russian, Ukrainian Armed Forces, Ukraine Gold Star, Ukrainian Presidential Press Service, Ukraine’s Joint Forces, St, Budanov, Security Service, US Naval Institute ., Hungary Locations: Kyiv, Russia, Donetsk, Kharkiv, Russian, Ukraine, Kupiansk, University of New Haven , Connecticut, Avdiivka, Anadolu, Zelensky, St Petersburg, Volgograd, Crimea, ”, US Naval Institute . Ukraine, Australian, Ukrainian

☆ Chinese zodiac fortune predictions for 2024
▼ + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +19 min

Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.

Persons: Hong Kong CNN —, There’s, ”, Chen, “, Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, –, it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, ”, Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province

☆ China gears up to ring in Year of the Dragon with expected record 9 billion trips
▼ + stars: | 2024-02-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

Authorities last month forecast that China’s population of 1.4 billion would take a record 9 billion trips during the 40-day holiday travel period, which began on January 26. Stringer/VCG/Getty Images A man takes photos of blooming plum blossoms at the Summer Palace in Beijing, China on February 5. Johanes P. Christo/NurPhoto/AP Crowds flock to the Spring Festival Light Show in Xi'an, Shaanxi Province, China on February 3. Axel Miranda/SOPA Images/Sipa/Reuters Workers assemble dragon lanterns at a production workshop in Nanchang, Jiangxi Province, China on January 24. Two major indexes recorded their worst drops in years capping off a dire 2023 that saw China’s stock markets become the world’s worst performer.

Persons: ”, Luo, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Xi Jinping, ” Xi Organizations: Hong Kong CNN —, Festival, CNN, Authorities, China News Service, Spring, Reuters Workers, HSBC, Beijing, United States Embassy Locations: Hong Kong, China, Beijing, Fujian, Xi'an, Shaanxi Province, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province, Shanghai

☆ 10 things airport passengers should stop wasting money on, according to a former flight attendant
▼ + stars: | 2024-02-08 | by ( Arina Bloom | ) www.businessinsider.com time to read: +6 min

I worked as a flight attendant for two years and picked up tips for saving money while traveling. Don't waste your money on food and water at the airport or the overpriced snacks on the plane. But don't wait until you get on the plane — flight attendants don't usually have that much power. You already paid for the ticket, taxi, and luggage, so don't waste your money on overpriced airport water. It's almost never worth it to exchange money at the airportIt's usually cheapest to exchange your money at a bank.

Persons: —, I've, F, it's, Nicolas Economou, It's Organizations: Service, Kennedy International Airport, Transportation Security Administration, TSA, Getty Locations: York City

☆ Arm's post-earnings pop leaves stock trading at over 100% premium to Nvidia
▼ + stars: | 2024-02-08 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

That agreement would have involved selling Arm for $40 billion, or just $8 billion more than SoftBank paid in 2016. Instead, Arm went public last year, and the company is now worth over $116 billion after the stock soared 48% on Thursday. SoftBank still owns roughly 90% of the outstanding stock, meaning its stake in Arm increased by over $34 billion in a day. watch nowChipmakers Nvidia and AMD have been Wall Street darlings of late due to their central position in the artificial intelligence boom. 'Gain market share'Arm has a different business model than Nvidia and AMD in that it's largely a technology licensing company.

Persons: Jakub Porzycki, Arm, SoftBank, Lisa Su, Steve Marcus Organizations: Nurphoto, Nvidia, AMD, Intel, Qualcomm Locations: SoftBank, Las Vegas , Nevada, U.S

☆ India's moment has arrived — but many hurdles remain
▼ + stars: | 2024-02-04 | by ( Spriha Srivastava | Polly Thompson | ) www.businessinsider.com time to read: +8 min

India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.

Persons: —, Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine

☆ IMF expects new housing demand in China to drop by around 50% in the next decade
▼ + stars: | 2024-02-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country's overall growth. China's real estate sector and related industries have accounted for about a quarter of the country's gross domestic product. Zhang said China's housing demand would remain large, and policy support would gradually kick in. "Therefore, a significant decline in housing demand is very unlikely to happen," he said. The IMF report compared housing demand and new starts from the 2012 to 2021 period with estimates for 2024 to 2033.

Persons: Zhengxin Zhang, Zhang, Evergrande, Sonali Jain, Chandra, Nir Klein Organizations: Nurphoto, Getty, International Monetary Fund's, IMF, U.S ., People's Bank of China Locations: Huai'an, China, BEIJING, Beijing, Evergrande, Hong Kong, Asia, Pacific

☆ Thai court orders election-winning party to end its royal reform campaign in blow to voters who backed change
▼ + stars: | 2024-01-31 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +9 min

“This would effectively mean that the lese majeste law would become untouchable,” said Munin Pongsapan, associate professor at Thammasat University’s Faculty of Law. Sentences for those convicted under lese majeste can be decades long and hundreds of people have been prosecuted in recent years. Anyone – including ordinary citizens – can bring lese majeste charges on behalf of the king, even if they are not directly involved with the case. Protesters demanding royal reform wanted to abolish the lese majeste law, and to ensure the king is answerable to the constitution, with protesters scrutinizing Vajiralongkorn’s immense wealth and power. Move Forward’s predecessor, the Future Forward Party, came out of nowhere to win the third most seats in the 2019 election.

Persons: Pita Limjaroenrat, lese, ”, Munin Pongsapan, “, Munin, Parit Wacharasindhu, Stringer, Wiroj Lakkhanaadisorn, ’, Thitinan, ” Thitinan, lese majeste, Thais, King Maha Vajiralongkorn, King Bhumibol Adulyadej, Maha Vajiralongkorn, Anusak, turfing, Pita, Wednesday’s Organizations: Thailand CNN, Wednesday, Party, University’s, of Law, CNN, Anadolu Agency, Chulalongkorn University, Forward Party, Legal, Thai Lawyers for Human Rights, Lawmakers Locations: Bangkok, Thailand, Thai

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