DIRS.INFO The most relevant business & tech news

The late, beloved "Golden Girls" actor Betty White will be memorialized on a new postage stamp next year. Postal Service announced Friday that one of its 2025 Forever Stamp offerings will include an illustration of White. The collection has honored a man one year and a woman the next, according to the Postal Service. The stamp includes a photo of Toussaint taken by Bill Tompkins in 2007, according to the Postal Service. Other 2025 stamp offerings include a love-themed stamp featuring art by Keith Haring, a Lunar New Year stamp for the year of the snake and a baby wild animal stamp collection.

Persons: Betty White, White . White, Mary Tyler Moore, Kwaku Alston, White, Dale Stephanos, Greg Breeding, Stephanos, Allen Toussaint, Toussaint, Bill Tompkins, Ethel Kessler, Keith Haring, Lisa Bobb, Semple Organizations: U.S . Postal Service, U.S . Postal, Postal Service, Facebook, Heritage, Postal Locations: U.S

☆ Apple exec explains the company's 'secret weapon' when making its own chips
▼ + stars: | 2024-11-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

AdvertisementApple has increasingly used its own silicon chips in its devices in recent years. Apple says it has a "secret weapon" in its approach to making the chips that power many of its devices. The company also benefits from making chips strictly for its own use rather than being a traditional chip-maker that sells to other companies, Millet said. Apple's newest Macs are based on Apple's latest silicon chips, the M4 line. AdvertisementMillet said Apple silicon takes advantage of "three major components, the architecture, the design, and the process technology."

Persons: Apple execs, Apple's, Apple, Don McGuire Tim Millet, Tom Boger, Boger, Millet, Tim Cook, Biden's, TSMC Organizations: Apple, Indian Express, Mac, Qualcomm, Intel, Imagination Technologies, M4, BI Locations: Arizona, Phoenix , Arizona

☆ Musk's DOGE wants to 'delete' entire government agencies. Here's where the most people are employed and what they make.
▼ + stars: | 2024-11-18 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

AdvertisementTrump picked Elon Musk and Vivek Ramaswamy to co-lead DOGE, a new government efficiency commission. Their aim is to cut government spending, and one idea they've floated is to ax federal agencies. Almost half a million people were employed in the Department of Veterans Affairs, while the Department of Education had just over 4,000. Most departments had six-figure average salaries, with the Department of Education and the Department of Energy having the highest averages. AdvertisementWhile DOGE can advise Trump on agencies to cut, the president-elect cannot act on it alone — making major changes to federal agencies would require congressional approval.

Persons: Elon Musk, Vivek Ramaswamy, they've, Elon, Ramaswamy, Karoline Leavitt, Vance, Trump, Musk, Ronald Reagan Organizations: Trump, GOP, Government, Fox News, Management, Department of Veterans Affairs, of Education, Treasury Department, Internal Revenue Service, Department of Education, Department of Energy, Washington DC, Grace Commission, Social Security, Medicare, Social, asheffey Locations: Elon Musk's, Washington, Grace

☆ DOJ antitrust officials reportedly pushing for Google to sell off Chrome browser
▼ + stars: | 2024-11-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

AdvertisementA federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. DOJ officials reportedly plan to ask a judge to force Google to sell Chrome. Officials from the DOJ are reportedly planning to ask a judge to force Google to sell its Chrome browser. Business Insider previously reported Google's total search revenue was $279.8 billion in 2022. Representatives for the Department of Justice did not immediately respond to a request for comment from Business Insider.

Persons: Amit Mehta, Lee, Anne Mulholland, Peter Cohan Organizations: Google, Justice, DOJ, Chrome, Bloomberg, Prosecutors, Department of Justice, Business, Google Services, Babson College

☆ Hollywood is turning to conservative values to find new audiences
▼ + stars: | 2024-11-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

The conservative shift comes as streamers try to make every dollar count but face cultural hurdles. The Prime Video series will be the first to come out of Amazon's deal with The Wonder Project, a Christian-focused production company for faith-based films and TV shows. In this newly conservative greenlighting era, buyers are looking around for sure things and pockets of audiences where there's opportunity. "Conservative, faith-based, family, is not a bad place to look," Thompson said. AdvertisementStudios and streamers want to serve rural America but are reluctant to touch something they consider too religious or conservative.

Persons: David, Vernon Sanders, Donald Trump's, Jennifer Salke, Nick Barnes, UTA's, Kevin Costner, Bob Iger, Tyler Perry, DeVon Franklin, Ruth, Boaz, Mary, Anthony Hopkins, Tim McGraw, Jim Caviezel, Jesus, Dallas Jenkins, Jon Erwin, UTA's Barnes, Dennis Quaid, Reagan, Matt Walsh's, Jesus of Nazareth, Angel, Robert Thompson, Thompson, Hilary Swank, Jamie McCarthy, That's, Jason Blum, Taylor Sheridan, Barnes Organizations: Netflix, Amazon MGM Studios, Paramount, Heartland, Angel, Angel Studios, Wonder, Networks, Cable, Syracuse University's Newhouse School of Public Communications, Center for Television, Popular, Conservative, York, Kingdom, Co, Lionsgate, UTA, Ampere Locations: Hollywood, UTA's Nashville, Los Angeles, American, California, America, Yellowstone, Georgia , Texas, Tennessee

☆ Russia warns U.S. is adding fuel to fire with long-range missile decision
▼ + stars: | 2024-11-18 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Local residents walk past destroyed houses in the city, approximately 10 km from the frontline, on November 16, 2024 in Pokrovsk, Ukraine. Libkos | Getty ImagesThe Kremlin has lashed back against a White House decision to now allow Ukraine to use U.S.-made long-range weapons for limited strikes inside Russian territory. "The issue is not about allowing the Ukrainian regime to strike Russia with these weapons or not. The issue is about making a decision: NATO countries directly participate in the military conflict or not. Ukraine's President Volodymyr Zelenskyy addresses lawmakers as he presents the so-called 'Victory Plan' during a parliament session, amid Russia's attack on Ukraine, in Kyiv, Ukraine October 16, 2024.

Persons: Joe Biden, Biden, Volodymyr Zelenskyy, Dmitry Peskov, Vladimir Putin, Sergei Ilnitsky, Putin, Zelenskyy, Andrii Nesterenko Organizations: Libkos, White, NBC, Artillery Rocket Systems, Ukraine, Ukrainian, Reuters, Commonwealth of Independent States, CIS, Google, Ria Novosti, NATO, Kremlin, Institute for, Tactical Missile Locations: Pokrovsk, Ukraine, Washington, U.S, Moscow, Russian, Russia, NATO, United States, Kursk Oblast, Kyiv

PARIS (AP) — French farmers are mobilizing for widespread protests on Monday targeting the EU-Mercosur trade agreement. Backed by their government, they argue the deal threatens their livelihoods by allowing a surge of South American agricultural imports produced under less stringent environmental standards. A partial EU-Mercosur deal, with many of the parts that French farmers find unsavory, could be agreed over their heads since France does not hold veto power. Other nations like Germany and Spain would like to see a far-reaching deal with their South American counterparts. French Agriculture Minister Annie Genevard has publicly opposed the EU-Mercosur trade agreement, citing risks of deforestation and health concerns linked to hormone-treated meat.

Persons: Villacoublay, ”, Jean, Noël, Luis Planas Puchades, Annie Genevard, Emmanuel Macron Organizations: PARIS, EU, Mercosur, European Union, French, South American, Spanish Farm, North, TF1, South, Farmers, Associated Press Locations: Paris, Velizy, Brazil, Argentina, Paraguay, Uruguay, Bolivia, France, EU, Germany, Spain, Mercosur, European, Auch, Agen, Europe, South America, South American

☆ Brendan Carr wrote the FCC chapter in ‘Project 2025.’ Now he’s Trump’s pick for the agency
▼ + stars: | 2024-11-18 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

New York CNN —President-elect Donald Trump’s pick for chairman of the Federal Communications Commission, Brendan Carr, wasted no time in stating his priorities on Sunday night. Carr is now the senior Republican at the agency, which meant he was widely expected to get the chairman appointment. As chairman, Carr may be able to steer generous federal subsidies to Starlink. In his Project 2025 chapter, Carr laid out an agenda for the federal agency under a future Trump administration. The FCC chairman during Trump’s first term in office, Ajit Pai, had a very different set of priorities.

Persons: Donald Trump’s, Brendan Carr, Carr, ” Carr, Elon Musk, ”, Trump, NewsGuard, hasn’t, “ Carr, Gigi Sohn, Tom Wheeler, Trump’s, Ajit Pai, Pai, Jessica Rosenworcel, can’t Organizations: New, New York CNN, Federal Communications Commission, FCC, Democrats, Republican, Politico, Elon, Facebook, Twitter, Meta, Microsoft, Apple, Trump, Communications, Free Press, Democratic, Democrat Locations: New York, Big Tech

☆ The American dream of buying a first home has become a real challenge, says Brown Harris Stevens CEO
▼ + stars: | 2024-11-18 | 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 EmailThe American dream of buying a first home has become a real challenge, says Brown Harris Stevens CEOBess Freedman, Brown Harris Stevens CEO, and John Lovallo, UBS homebuilders analyst, join CNBC's 'The Exchange' to discuss the state of the housing market, what the incoming administration could do for housing supply and affordability, and more.

Persons: Brown Harris Stevens, Bess Freedman, John Lovallo, CNBC's Organizations: UBS

☆ What travelers need to know about Spirit Airlines' bankruptcy
▼ + stars: | 2024-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

In this article SAVE Follow your favorite stocks CREATE FREE ACCOUNTA passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago. Here's what travelers need to know:Why did Spirit file for bankruptcy? Spirit said Monday that it has reached a prearranged deal with the majority of its bondholders for a "streamlined" Chapter 11 bankruptcy protection plan. Rather, it gives the airline protection to reorganize its business, which often means shedding assets or parts of its operation.

Persons: Brandon Bell, Ted Christie, Spirit, —, Henry Harteveldt, Harteveldt Organizations: Spirit Airlines, Austin, Bergstrom International Airport, Getty, Airlines, U.S, American Airlines, Airbus, JetBlue Airways, Atmosphere Research, Spirit Locations: Austin , Texas

☆ Nancy Mace, Sarah McBride: Republican introduces anti-transgender bathroom resolution at Capitol after first transgender woman elected to Congress
▼ + stars: | 2024-11-18 | by ( Morgan Rimmer | Manu Raju | Haley Talbot | ) edition.cnn.com time to read: +3 min

CNN —A House Republican is pushing to ban transgender women from women’s restrooms at the US Capitol, two weeks after history was made with the election of America’s first out transgender person to Congress. South Carolina Rep. Nancy Mace on Monday introduced a resolution to amend the rules of the US House of Representatives less than two months before Democratic Rep.-elect Sarah McBride, a Delaware state senator, is sworn-in in January. “Sarah McBride doesn’t get a say. But on the trail, she did allude to a broader theme of respect — specifically, that everyone deserves a member of Congress that respects them and their families. CNN’s Arit John, Jack Forrest and Karina Tsui contributed to this report.

Persons: America’s, Nancy Mace, Sarah McBride, “ Sarah McBride doesn’t, “, McBride, ”, “ Delawareans, I’m, ” Mace, ‘, ’ I’m, Roe, Wade, Mace –, Cadets —, ” McBride, Lisa Blunt Rochester —, —, CNN’s Arit John, Jack Forrest, Karina Tsui Organizations: CNN, Republican, Capitol, South Carolina Rep, Democratic Rep, South Carolina Republican, Citadel, Military College of South, ”, Citadel’s, Cadets, GOP, Human, The Ohio Senate Locations: Delaware, Military College of South Carolina, The Ohio

Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.

Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, — Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,

☆ I moved from the US to Costa Rica. It was the only way my family could buy a house and afford childcare.
▼ + stars: | 2024-11-18 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +4 min

AdvertisementZachary Gerth is a 37-year-old American who moved to Costa Rica in February 2022 with his partner. He is now raising his daughter in Costa Rica and can afford a nanny who is part of the family. AdvertisementSo, we took the plunge and moved to Costa Rica. Before moving to Costa Rica, we took a five-week trip and stayed in five different places to decide where to move. We may stay in Costa Rica, in a different town, or move to another country.

Persons: Zachary Gerth, Anna, That's, Costa Organizations: Peace Corps Locations: Costa Rica, Africa, Central, South America, Nuevo Arenal, Costa Rican

☆ Microsoft Copilot's underperformance is the latest red flag for investments in AI
▼ + stars: | 2024-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.

Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan

☆ Trump picked a Project 2025 coauthor to run the FCC. Here's what it means for Big Tech.
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

He's the author of the FCC chapter of Project 2025, which hopes to cut Big Tech's immunity for content moderation. Carr's stance on Big TechIn his Project 2025 chapter, Carr writes that one of his four main goals for the FCC is "Reining in Big Tech." His interpretation of the section would give Big Tech immunity only against being compelled to take down content. AdvertisementHe proposed that Big Tech firms be compelled to make public their traffic and monetization algorithms, saying they now operate in a "black box." Carr's two other points in his Project 2025 chapter are to increase accountability measures for federal tech programs and to drive hard to develop 5G infrastructure.

Persons: Donald Trump, Brendan Carr, Carr, that's, Trump Organizations: Federal Communications Commission, FCC, Republican, Republicans, Department of Education, Innovators, Big Tech, Communications, Universal Service Fund, China's Locations: America, Big Tech, China, Russia, Iran

☆ Jannik Sinner: World No. 1 caps stellar year with ATP Finals victory over Taylor Fritz
▼ + stars: | 2024-11-18 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

1 defeated American Taylor Fritz 6-4, 6-4 to win the ATP Finals in Turin, Italy, on Sunday, claiming the trophy for the first time on home soil. On match point, Fritz sent a cross-court forehand wide to kick-start the party among the adoring Italian crowd. “It’s amazing, it’s my first title in Italy and it means so much to me,” Sinner said, via the ATP. The victory gave Sinner his eighth title of the season, the most by any ATP player this year. Fritz and Sinner greet each other at the net after the match.

Persons: CNN —, couldn’t, American Taylor Fritz, Novak Djokovic, Sinner, – Fritz, Fritz, “, ” Sinner, Clive Brunskill, Ivan Lendl, Roger Federer, Djokovic, Carlos Alcaraz, Tommy Paul, Alex Zverev, “ It’s, it’s, ”, It’s Organizations: CNN, American, ATP, September’s, Halle, Tennis Integrity Agency, Doping Agency, Sport, Paris Olympics, I’m Locations: Turin, Italy, Miami , Cincinnati, Shanghai, Rotterdam, California

☆ Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
▼ + stars: | 2024-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Spirit Airlines , an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding consumer tastes. The airline said it expects to continue operating normally and said told customers can continue to book as the busy holiday season approaches. Spirit is the first major U.S. airline to file for Chapter 11 since American Airlines 13 years ago. Spirit filed for protection in U.S. Bankruptcy Court of the Southern District of New York.

Persons: Ted Christie, Spirit Organizations: Spirit Airlines, Fort, Hollywood International Airport, Fort Lauderdale , Florida . Spirit Airlines, U.S, American Airlines, JetBlue Airways, Bankruptcy, Southern, of, New York Stock Exchange Locations: Fort Lauderdale, Fort Lauderdale , Florida, , Florida, of New York

☆ Vladimir Shklyarov, Russian ballet star, dies after falling from building
▼ + stars: | 2024-11-18 | by ( Christian Edwards | ) edition.cnn.com time to read: +2 min

CNN —Vladimir Shklyarov, a world-renowned Russian ballet star, has died after falling from the fifth floor of a building on Saturday. His death was confirmed by the Mariinsky Theater, a venue in the city of St. Petersburg where Shklyarov was the highest-ranking dancer. “This is a huge loss for the entire Mariinsky Theater team,” it said. Shklyarov died two days before he was due to undergo complex spinal surgery and had been taking “serious painkillers” for some time, Russian media reported. Born in Leningrad — now St. Petersburg — Shklyarov studied at the prestigious Vaganova Academy of Russian Ballet and graduated in 2003.

Persons: Vladimir Shklyarov, Shklyarov, ”, “, It’s, Diana Vishneva, Instagram, Petersburg — Shklyarov, —, ” “ Romeo, Juliet ”, “ Don Quixote, Alexei Ratmansky, Ratmansky, Maria Shirinkina Organizations: CNN, Mariinsky Theater, RIA Novosti, Mariinsky, Vaganova Academy of Russian Ballet, London’s Royal Ballet, American Ballet Theatre, Russia, Bolshoi Ballet Locations: Russian, St . Petersburg, Leningrad —, St, Petersburg, Swan, Russia, New York, Ukraine, Ukrainian

☆ Beyoncé to perform at halftime show of Texans-Ravens Christmas Day game on Netflix
▼ + stars: | 2024-11-18 | by ( Isaac Yee | ) edition.cnn.com time to read: +1 min

The singer will perform during the halftime show of the Houston Texans-Baltimore Ravens NFL game on Christmas Day in her hometown of Houston, Netflix announced on Sunday. “Your early Christmas wish has been granted as Beyoncé will perform during Netflix’s first-ever NFL Christmas Gameday,” the streaming giant said in a press release. This will be the third NFL halftime show for Beyoncé, who previously performed at Super Bowls in 2013 and 2016. Netflix is streaming both of the NFL’s Christmas Day games this year as part of a wider three-year deal with the league. However, viewers on social media reported that they were having trouble watching the event on the streaming platform.

Persons: “, Beyoncé, Netflix’s, ”, CARTER, Mike Tyson, YouTuber, Jake Paul Organizations: CNN, Houston Texans, Baltimore Ravens NFL, Houston, Netflix, NFL, Bowls, Kansas City Chiefs, Pittsburgh Steelers, Ravens, Texans

☆ Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
▼ + stars: | 2024-11-18 | by ( Auzinea Bacon | Chris Isidore | ) edition.cnn.com time to read: +4 min

Trump has said he wants to lower gas prices — which currently average $3.07 per gallon — to below $2 a gallon. But the American oil industry is already booming and increasing output doesn’t mean gas prices will drop. After oil prices shot up in 2022 in the wake of Russia’s invasion of Ukraine and the sanctions on Russian oil imposed by western countries, major oil companies reported record profits. But are we going to increase oil production by another 50%? OPEC+, a group of leading oil-producing countries, even delayed plans to increase production because of concerns about excess supply.

Persons: Donald Trump, ” Trump, Trump, Chris Wright, Wright, Andy Cross, Andy Lipow, ” Lipow, “ It’s, Biden, ”, Bob McNally, George W, Bush, CNN’s David Goldman, Matt Egan Organizations: CNN, Liberty Energy, Liberty, Denver Post, US Energy Information Administration, P, Insights, Eurasia Group, Texas Intermediate, OPEC, Lipow Oil Associates, Energy, Oil Locations: Denver, States, Saudi Arabia, Russia, Eurasia, Ukraine, China, OPEC

☆ A 'silver tsunami' of retirement-age baby boomers is creating a big opportunity for real-estate investors, research firm says
▼ + stars: | 2024-11-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

AdvertisementThe growing ranks of boomers aged 65-plus could spark a boom in the senior housing market. It says this will drive strong demand for senior housing facilities, including assisted living, independent living, skilled nursing, and memory care. "That makes senior housing a compelling option for investors looking to break away from traditional property investment." Census Bureau/Capital EconomicsMeanwhile, around 11% of those over the age of 65 are currently living in a form of senior housing, according to the American Senior Housing Association. Related storiesRents, meanwhile, are seeing a strong uptrend, thanks to the supply of senior housing growing tighter after the pandemic.

Persons: that's, Imogen Pattison, Pattison Organizations: Capital, Capital Economics, Census, American Senior Housing Association, MAP

☆ Trump's China tariffs would cut into US defense production, Beijing advisor says
▼ + stars: | 2024-11-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AdvertisementHigh tariffs on China could prevent the US defense industry from getting needed supplies, a Beijing advisor said. "If those military enterprises do not have supply from China, they will not be able to continue with their production." The US defense sector will face big repercussions if Donald Trump launches tariffs against China, an advisor tied to Beijing's government said. AdvertisementTo be sure, it remains to be seen how Trump's tariff ideas actually pan out. So far, the defense sector appears distracted by other developments tied to Trump's presidency.

Persons: Donald Trump, Ding Yifan, Trump, Ding, Greg Hayes Organizations: Defense, State Council's Development Research Center, Financial Times, JPMorgan, Government, P Aerospace Locations: China, Beijing

☆ China's Xi sets boundaries for Trump with 4 'red lines'
▼ + stars: | 2024-11-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementChinese leader Xi Jinping has outlined his "four red lines" to US President Joe Biden. It will be another two months before US President-elect Donald Trump takes office, but China is already setting boundaries between the two countries. On Saturday, Chinese leader Xi Jinping outlined his "four red lines" in US-China ties at a meeting with US President Joe Biden. Trump could start his trade war on his first dayXi's comments came amid concerns that the world's two largest economies are set to head into conflict after Trump takes office on January 20. Advertisement"Trump means what he says when it comes to tariffs," wrote Josh Lipsky, the senior director at the Atlantic Council's GeoEconomics Center, in a note last week.

Persons: Xi Jinping, Joe Biden, Donald Trump's, Donald Trump, Xi, Trump, Florida Sen, Marco Rubio, Biden, Trump's, Josh Lipsky, Lipsky, Sarah Bianchi, Atlantic Council's Lipsky Organizations: APEC Economic, Bloomberg Businessweek, Florida, State, GeoEconomics, China, Atlantic Locations: China, Taiwan, Lima , Peru, Beijing

☆ Grocery prices are high. Trump’s mass deportations could make matters worse
▼ + stars: | 2024-11-18 | by ( Matt Egan | Maya Blackstone | ) edition.cnn.com time to read: +9 min

Soon, Trump’s ability to fix America’s affordability crisis will collide head-on with another, perhaps more prominent, campaign trail promise: Mass deportations. And perhaps no industry relies on undocumented workers more than the food and agriculture industries. “The only question is how high prices will go.”Zandi noted that food prices could also be pushed higher by another element of the Trump agenda: Massive tariffs. The Trump transition team did not respond to a request for comment about how mass deportations would impact food prices. The current immigration system does not allow for green cards for farm workers.

Persons: Donald Trump, Trump, you’re, ”, Chuck Conner, don’t, Conner, Fred Leitz, Leitz, Mark Zandi, “, ” Zandi, Trump’s, It’s, Rick Naerebout, that’s, Biden, Scott Bessent, ” Bessent, Axios, Trump “, David Paul Morris, Zeke Hernandez, “ It’s, Hernandez, Chloe East, Letiz, Naerebout, “ aren’t, ” Robert Lynch, Lynch, —, ” Naerebout Organizations: New, New York CNN, CNN, National Council of Farmer Cooperatives, US Department of Agriculture, Center for American Progress, Moody’s, Trump, United, Idaho Dairymen’s Association, Wall, Bloomberg, Getty, Wharton School, University of Pennsylvania, Immigration, University of Colorado Denver, The Hamilton, Brookings Institution, Washington College, American Locations: New York, United States, Michigan, Idaho, San Francisco, Brookings, Maryland

The hour-long conversation marked the return of diplomacy to the decade-long conflict, even if their talk brought the familiar refrain it was not yet time to talk. One Western official said there was an “overall collective holding of breath” in Western capitals ahead of Trump’s inauguration. “The Germans speaking to Putin – that will have gone down badly” among Ukraine’s allies, the official said. “Giving Putin that positive bounce will have irked the French and others.” French President Emmanuel Macron has been particularly vocal about continuing support for Ukraine. Kremlin critics also warn of its history of using diplomacy as a pause or foil to pursuing its military goals.

Persons: Olaf Scholz, Vladimir Putin, Volodymyr Zelensky, acceding, Zelensky, ”, Putin, Donald Trump, Trump, Scholz, “, Putin –, Emmanuel Macron, Donald Tusk, Biden, “ Scholz, Alena Epifanova, Epifanova, Scholz’s, Volodymyr Zelenskiy, Ebrahim Noroozi, Mike Waltz, “ ‘, ‘, ’ ” Trump, Kurt Volker, Trump’s, it’s, Oleksandr Gimanov, Volker, he’s, ’ ” Volker, Trump “, ” Volker, Sen, Marco Rubio, Kim Jong Un, elect’s, Putin won’t, “ He’s Organizations: CNN, White, Sunday, Trump, German, Foreign Relations, Schloss, Reuters, Ukraine, Economist, Getty, Biden Locations: Ukraine, Russia, Russian, Europe, Polish, Moscow, Schloss Bellevue, Berlin, Ukrainian, European, Trump’s Ukraine, Odesa, AFP, “, Afghanistan, China, United States, Beijing, US, Kyiv

Search resuls for: "AMERICAN"

25 mentions found