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☆ We Have a James Turrell Artwork in Our School. So There.
▼ + stars: | 2024-02-22 | by ( Hilarie M. Sheets | ) www.nytimes.com time to read: +1 min

Even in the buffet of amenities that New York City private schools offer — state-of-the-art gyms and science labs, black box theaters and greenhouses, bespoke college guidance and dream teacher-to-student ratios — having a museum-caliber James Turrell Skyspace on your rooftop is in a class of its own. On the sixth floor of Friends Seminary, a Quaker school in Manhattan, Turrell, the internationally acclaimed artist who uses light to shape space, has created one of his perception-altering meeting rooms whose roof opens to the sky. Bathed in a spectrum of shifting radiant color, that slice of sky appears to float inside the installation, titled “Leading,” the only one of more than 85 Skyspaces by Turrell around the world attached to an active K-12 school. Sam Lane, a sophomore, was already a Turrell fan from family visits to the Massachusetts Museum of Contemporary Art, which has nine of the artist’s installations. “Some people were excited, some people were a little weirded out by it — like what does it means to have an art installation at our school this significant?”

Persons: James Turrell Skyspace, Sam Lane, ” Lane, Denman Tuzo, “, ”, Lane Organizations: Friends Seminary, Quaker, Massachusetts Museum of Contemporary Art Locations: New York City, Manhattan, Turrell

☆ Big deals are back with a $53 billion bang
▼ + stars: | 2024-02-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This week alone, Capital One agreed to acquire Discover for $35 billion, Truist Financial announced a $15.5 billion sale of its insurance arm, and Walmart shook hands to buy TV maker Vizio for $2.3 billion. The trio of transactions, worth a combined $53 billion, have lifted the value of deals announced worldwide this year to $425 billion — a 55% increase from the same period in 2023, Bloomberg estimates. Transactions worth more than $5 billion plunged 60%, from nearly 150 deals in 2021 to fewer than 60 last year, LSE Group found. Potential headwinds include stubborn inflation, a surprise recession, escalating armed conflicts, regulatory crackdowns, and uncertainty over this year's presidential election.

Persons: — Organizations: Service, Discover, Truist Financial, Walmart, Bloomberg, Business, London Stock Exchange, LSE Group, dealmaking, Federal Reserve

☆ Rolling Stones: Previously unseen photos to go on display in London
▼ + stars: | 2024-02-21 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

London CNN —Previously unseen photographs showing the Rolling Stones “at their decadent peak” are going on display at a London art gallery. Spanish Tony Media/Bayliss Rare Books“These recently rediscovered prints stand as one of the most important photographic records of The Rolling Stones to come to the market in years,” the statement reads. The show, titled “Elegantly Wasted,” will feature photos of the Stones “taken at their decadent peak,” according to the statement from Bayliss Rare Books and Spanish Tony Media. A contact sheet shows photographs taken at the Stones' legendary free concert in Hyde Park, London, in the summer of 1969. Spanish Tony Media/Bayliss Rare Books“Spanish Tony was a hard man.

Persons: “, Tony ” Sanchez, Mick Jagger, Brian Jones, Tony, Bayliss, “ Tony, ” Sanchez, ”, Oliver Bayliss, Keith Richards, Biff, ” Richards, Charlie Watts, Sydney Sweeney Organizations: London CNN, Tony Media, Swarkestone, Bayliss Locations: London, Derbyshire, England, British, Hyde Park , London, Canada, Houston, Santa Clara , California

☆ EY and Deloitte are scrutinizing staff workloads and quietly letting some workers go
▼ + stars: | 2024-02-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now they’re scrutinizing employee workloads and letting go of "underemployed" staff, The Times of London reported . EY told Business Insider in a statement that it has "well-established performance management processes" that look at a variety of metrics. The Big Four firms, which include EY, Deloitte, PWC, and KPMG, have cut hundreds of jobs in the past year amid a challenging economic climate. It recently gave 3,000 staff poor performance reviews , which are internally known as "concerns," according to Bloomberg .

Persons: —, workloads, EY Organizations: Service, Deloitte, Big, Times, EY, PWC, KPMG, Consulting, McKinsey, Bloomberg Locations: London

☆ Nature Has Value. Could We Literally Invest in It?
▼ + stars: | 2024-02-18 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

Picture this: You own a few hundred acres near a growing town that your family has been farming for generations. Turning a profit has gotten harder, and none of your children want to take it over. You don’t want to sell the land; you love the open space, the flora and fauna it hosts. But offers from developers who would turn it into subdivisions or strip malls seem increasingly tempting. But the idea has gained traction among environmentalists, money managers and philanthropists who believe that nature won’t be adequately protected unless it is assigned a value in the market — whether or not that asset generates dividends through a monetizable use.

☆ A renowned market bear who called the dot-com bubble warns concentration in tech stocks now exceeds levels seen just before the 2000 crash — and cautions that the sector's earnings are not keeping up
▼ + stars: | 2024-02-17 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

For example, the tech sector’s valuations are generally lower than they were then, though still elevated. One is that the fundamentals of the tech sector are detached from its price action. While the sector’s earnings have performed better than the rest of the market on average, earnings expectations have been rising faster than actual subsequent earnings performance. Many parallels between the dot-com bubble and today’s market have been called to light in recent weeks. Only time will tell if tech stocks are in a bubble that's due to burst.

Persons: Albert Edwards, “, ” Edwards, Edwards, Michael Hartnett, Jeffrey Schulze, Adam Karr, ”, Quincy Krosby, Hartnett Organizations: Societe Generale, Nasdaq, Business, Generale, Bank of America, Orbis Investment Management, Artificial Intelligence, LPL Financial Locations: Japan

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

☆ Japanese chipmaker Renesas strikes $5.9 billion deal to buy software company Altium
▼ + stars: | 2024-02-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Japanese semiconductor firm Renesas Electronics said Thursday that it would acquire Sydney-listed software company Altium for 9.1 billion Australian dollars ($5.89 billion) in cash, as it seeks to streamline its electronics design process. Renesas said it would pay AU$68.50 per share, representing a 33.6% premium to Altium's closing price of AU$51.26 on Wednesday. Australia-listed shares of Altium jumped nearly 30% to near AU$66, while Tokyo-listed Renesas fell 3.2%. The deal has been unanimously approved by the board of both companies but its completion is subject to approvals from Altium shareholders, Australian court and regulators, Renesas said. The deal comes a month after Renesas agreed to buy Nasdaq-listed Transphorm for $5.10 per share in an all-cash deal worth $339 million.

Persons: Renesas, Altium, Jesper Koll, Koll, Aram Mirkazemi Organizations: Renesas Electronics, Sydney, Monex Group, CNBC, Japan Inc, Nasdaq Locations: Australia, Tokyo, Japan

☆ Getting into the right mindset for Valentine’s Day
▼ + stars: | 2024-02-14 | by ( Ian Kerner | ) edition.cnn.com time to read: +8 min

No matter your view on the topic, Valentine’s Day is a great opportunity to put sex on the calendar, but don’t just focus on the act itself at the end of the evening. I’m not telling you to rearrange your entire day for sex, but to make small intentional choices that are pro-sex. That’s why my Valentine’s Day advice for you is not to just have sex. It’s Valentine’s Day, so come up with a sexy prize for each win and a naughty consequence for each loss. Don’t forget your kidsMany teens also feel pressure around Valentine’s Day — to be in a couple, find a date or have sex (whether or not they’re feeling ready).

Persons: Ian Kerner, ”, we’ve, Heck, I’m, Sara Nasserzadeh, It’s, ” Nasserzadeh, Leah Abucayan, Signe Simon, Simone Humphrey, you’ve, Alexandra Solomon, “, you’re, ” Solomon, Don’t, Debby Herbenick, it’s, they’re, ” Herbenick, Emily Nagoski Organizations: CNN, ” CNN, Northwestern University, Indiana University School of Public Health Locations: California, New York City, Illinois, Bloomington, Massachusetts

That may relieve pressure on the central bank to alter its longstanding ultra-lax monetary policy and raise its benchmark interest rate from minus 0.1%. Inflation has been cooling enough that the Federal Reserve has hinted it may cut its main interest rate several times this year. Reports showing the U.S. economy and job market remain remarkably solid, along with some comments from Fed officials, have been forcing the delays. In energy trading, benchmark U.S. crude rose 27 cents to $77.19 a barrel in electronic trading on the New York Mercantile Exchange. In currency trading, the U.S. dollar rose to 149.67 Japanese yen from 149.34 yen.

Persons: Germany's DAX, Australia's, Korea's Kospi, ” Yeap Jun Rong, that’s Organizations: TOKYO, CAC, FTSE, Dow Jones, Nikkei, Bank of Japan, IG, Federal Reserve, New York Mercantile Exchange, Brent, U.S Locations: Asia, China , Hong Kong, Taiwan, United States

☆ Expecting more sell-offs? These low-volatility fortresses can defend your portfolio and grow
▼ + stars: | 2024-02-13 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Tuesday's inflation data sent the broader market reeling, making stable stocks more attractive for investors worried about further losses. Because of this, CNBC Pro screened for low-volatility, fortress-like names that can perform well if the drawdown continues. She pointed to growth of a media business as something that could help Costco win market share and create a better margin profile. While more than three out of every five analysts polled by FactSet has a buy rating on the stock, the typical price target reflects shares pulling back by 1.5%. The average price target reflects the likelihood for more rallying ahead with an upside of nearly 15%.

Persons: Strong, Berkshire Hathaway, Warren Buffett, Tesla, Richard Galanti, Gary Millerchip, Goldman Sachs, Kate McShane, McShane, FactSet, Ben Reitzes Organizations: Federal Reserve, Treasury, CNBC Pro, Berkshire, Berkshire Hathaway, Costco, Kroger, Microsoft, Big Technology, Melius

☆ In Defense of Saving Everything - The New York Times
▼ + stars: | 2024-02-12 | by ( Margaret Renkl | ) www.nytimes.com time to read: +1 min

Worse were the cement mixers lined up down the street, one of them stretched like a growling triceratops across our driveway. But it was the masonry drills that sent me over the edge. An entire day of screaming masonry drills will drive a person to madness. As our sons grew, that table became the place for homework sheets, and then for laptops. Tucked beneath four windows that open onto bird feeders and a pollinator garden, it spans nearly the width of the room.

☆ Here's how to create a diversified bond portfolio with up to 6% yield, according to the pros
▼ + stars: | 2024-02-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

But in recent months, many have called for investors to return to bonds as prices are expected to recover soon. Falling yields may prompt investors to wonder which corners of the fixed income market still offer higher yields of up to 6%. He prefers developed market bonds — especially the U.S. — to emerging market bonds, of longer durations exceeding seven years. Emerging market debt can also offer high yield because of the very high real rates in many such economies, Olu-Pitan says, with Latin America debt offering "easily" above 7%. In investment-grade bonds, investors can get above 6% in U.S. financials, she added.

Persons: Brandon Huang, Huang, financials, Remi Olu, Fannie Mae, Freddie Mac, — CNBC's Michael Bloom Organizations: Treasury, LGT Private Banking Asia, CNBC Pro, Agency MBS, U.S ., MBS Locations: U.S, Australia

ANCHORAGE, Alaska (AP) — An elderly man has died from Alaskapox, the first known fatality from the recently discovered virus, state health officials said. The man, who lived in the remote Kenai Peninsula, was hospitalized last November and died in late January, according to a bulletin last week from Alaska public health officials. Alaskapox, also known as AKPV, is related to smallpox, cowpox and mpox, health officials said. Only six other cases of the virus have been reported to Alaska health officials since the first one in 2015. All involved people were living in the Fairbanks area, more than 300 miles (483 kilometers) from the Kenai Peninsula, health officials said.

Persons: “, hasn't, Alaskapox, Alaskans Organizations: Health, U.S . Centers for Disease Control Locations: ANCHORAGE, Alaska, Alaskapox, Kenai, Fairbanks

☆ Lost at Parkland: ‘Peter Was Always My Translator’
▼ + stars: | 2024-02-11 | by ( Amy Qin | ) www.nytimes.com time to read: 1 min

Linda Zhang wandered into her son’s room and sat for a while. She visits there from time to time, after her husband has gone to work at the restaurant and their other kids have gone to school. And then there were the many tributes, gifts and drawings that poured in after her son, Peter Wang, was shot multiple times and killed at Marjory Stoneman Douglas High School. On this morning, Ms. Zhang pointed out a framed letter. There was also a portrait of Peter, which Ms. Zhang said might have been drawn by a famous artist, but she wasn’t quite sure.

Persons: Linda Zhang, Peter Wang, Marjory Stoneman, Zhang, Marco Rubio, Peter Organizations: Nintendo, Marjory Stoneman Douglas High School Locations: Florida

☆ Biden calls on snack companies to stop shrinkflation ahead of Super Bowl
▼ + stars: | 2024-02-11 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Joe Biden doesn’t want corporate greed to eat into your Super Bowl snack spread. “The American public is tired of being played for suckers,” said Biden in the video. He called on companies “to put a stop to this,” but did not mention any actionable steps his administration would be taking. Biden also didn’t address the companies by name, although the video panned over snacks like Doritos, Wheat Thins and Gatorade, which were mentioned in Casey’s report. Another 13% who feel the economy is still in decline cite Biden or Democratic policies.

Persons: New York CNN — Joe Biden doesn’t, ”, Shrinkflation, Democratic Sen, Bob Casey of Pennsylvania, Biden, Wheat, SSRS, CNN’s Ariel Edwards, Levy Organizations: New, New York CNN, Twitter, Democratic, Gatorade, CNN, Democrats Locations: New York

☆ I studied at Yale and Cambridge University. The elite colleges offered me secret societies, maids, and formal balls.
▼ + stars: | 2024-02-11 | by ( Connie Cheung | ) www.businessinsider.com time to read: +5 min

For my undergraduate degree, I went to Yale, and then for graduate school, I enrolled in Cambridge University. Dreary and massive, these buildings belonged to Yale’s oldest secret societies — hundreds of years old, with members including former presidents, Rockefellers, and Vanderbilts. As George Bush wrote in his memoir, “[In my] senior year, I joined Skull and Bones, a secret society; so secret, I can’t say anything more.”In my final year, I joined a secret society at Yale, which was founded 20 years ago. But my favorite memories at Yale and Cambridge were never at events in floor-length gowns or strappy heels. I’m tremendously lucky to have experienced this universe of elite education, and I wouldn’t have it any other way.

Persons: —, sommeliers, George Bush, wouldn’t, England, smartly, John’s, Ball, Pictionary Organizations: Service, Yale, Business, Cambridge University, New, Cambridge, Trinity College, Time Locations: Hong Kong, Vermont, New Haven, Cambridge, poshness, St

☆ Gauging the risk of contagion from NYCB and commercial real estate woes
▼ + stars: | 2024-02-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

The latest concern threatening regional banks started on Jan. 31, when New York Community Bancorp. reported unexpected fourth quarter loss and a large loan loss reserve against futures losses, due in part to the bank's commercial real estate (CRE) exposure. One worry is that the NYCB credit downgrade could spur ratings agencies to take a closer look at other banks, or cause clients to again pull deposits out of regional banks. Determining exactly how unique NYCB's exposure to commercial real estate is will be a key focus for investors and analysts in coming weeks. A note on Wednesday from Wolfe Research analysts focused on banks and commercial real estate showed that regional banks have in general reduced their commercial real estate exposure over the past 15 years.

Persons: NYCB, Ian Lyngen, hasn't, Lyngen, D.A, Davidson, Peter Winter, Winter, Macrae Sykes, Banks, They're, Sykes, Wells Fargo, Jerome Powell, Bond, Tom Fitzpatrick, RJ O'Brien, Fitzpatrick, — CNBC's Michael Bloom Organizations: Investors, New York Community Bancorp, Moody's, Street, Silicon Valley Bank, BMO, Treasury, Wolfe Research, UBS, Gabelli, CNBC Locations: Silicon, Wells

☆ Scientists drilled an ice core from Antarctica and were alarmed by what they found
▼ + stars: | 2024-02-08 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —Evidence from a 2,000-foot-long ice core reveals that the West Antarctic Ice Sheet shrank suddenly and dramatically around 8,000 years ago, according to new research — providing an alarming insight into how quickly Antarctic ice could melt and send sea levels soaring. Map showing the location of the Skytrain Ice Rise, part of the Ronne Ice Shelf, from where the ice core was taken. The ice core analyzed in the study was drilled from Skytrain Ice Rise located at the edge of the ice sheet, near the point where the ice starts to float and become part of the Ronne Ice Shelf. Inside the drilling tent at Skytrain Ice Rise, scientists preparing the drill for its next drop into the borehole. University of Cambridge/British Antarctic SurveyInsulated boxes full of ice cores being loaded into the Twin Otter aircraft, Skytrain Ice Rise, Antarctica.

Persons: Eric Wolff, “ We’ve, we’ve, Wolff, Ted Scambos, “, that’s, ” Wolff, Isobel Rowell, ”, David Thornalley, Thwaites, Scambos Organizations: CNN, West, Empire, Nature, University of Cambridge, University of Colorado, Ronne Ice Shelf, University of Cambridge / British Antarctic Survey, Ronne, Shelf, Twin, British Antarctic Survey, University College London Locations: Antarctica, University of Colorado Boulder, West Antarctica

☆ Google rebrands Bard AI to Gemini and launches a new app and subscription
▼ + stars: | 2024-02-08 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

Google on Thursday announced a major rebrand of Bard, its artificial intelligence chatbot and assistant, including a fresh app and subscription options. Google also announced new ways for consumers to access the AI tool: As of Thursday, Android users can download a new dedicated Android app for Gemini, and iPhone users can use Gemini within the Google app on iOS. Likewise, chief executives at tech giants from Microsoft to Amazon underlined their commitment to building AI agents as productivity tools. Google's Gemini changes are a first step to "building a true AI assistant," Sissie Hsiao, a vice president at Google and general manager for Google Assistant and Bard, told reporters on a call Wednesday. Currently, though, the tools, including Gemini, are largely limited to tasks such as summarizing, generating to-do lists or helping to write code.

Persons: Bard, OpenAI's, Sundar Pichai, Pichai, Sissie Hsiao, There's, Google's Hsiao, Hsiao Organizations: Google, Bard, Microsoft, GE, Spotify, Pfizer, Gemini Locations: Korean

☆ 5 Minutes That Will Make You Love John Coltrane
▼ + stars: | 2024-02-07 | by ( Giovanni Russonello | ) www.nytimes.com time to read: +2 min

Yes, it’s time for this series to focus on John Coltrane — perhaps the most sanctified musician in the whole Black American tradition, who other artists sometimes refer to simply as “St. John.”Born in Hamlet, N.C., and raised in High Point, Coltrane arrived on the New York scene in the 1950s, by way of Philadelphia and the Miles Davis Quintet. In the short years between that arrival and his death, in 1967, the world around Coltrane would change dramatically. Though introspective and soft-spoken, singularly allergic to grandstanding, Coltrane felt powerfully concerned with the fate of the world, and he was sure that music had a role to play in turning the tides. Then, in 1960, the flipbook-fast harmonies of “Giant Steps” upped the expectations for jazz improvisers by a big margin.

Persons: John Coltrane —, John . ”, Coltrane, Miles Davis, Trane’s, A.B, Spellman, ” Coltrane, Trane, ” Locations: Hamlet, N.C, High, York, Philadelphia, Africa, India, “ India

☆ Karen Firestone: Here’s what’s fueling mega-cap tech’s win streak into 2024
▼ + stars: | 2024-02-07 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

The Jan. 31 session, which came after the first Big Tech earnings day, was tough. A non-stock devotee would be blown away by any of the following data points: In the fourth quarter , Meta grew ad volume by 21% year over year. Meanwhile, net sales for Amazon in 2023 hit $574.8 billion – a 12% increase from the year earlier. The above table illustrates the compound annual growth rate analysts expect for the mega caps, the S & P 500, and the 494 stocks excluding the Big Six. This compares to 20.3 for the S & P 500.

Persons: we've, Jerome Powell's, Meta, Apple, bemoaned Meta's, ROA, — Karen Firestone Organizations: Big Tech, Microsoft, Nasdaq, Nvidia, Apple, Google, Power, Amazon, TikTok, Facebook, Asset Management

☆ The small caps have worse balance sheets, says Trivariate's Adam Parker
▼ + stars: | 2024-02-07 | 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 small caps have worse balance sheets, says Trivariate's Adam ParkerAdam Parker, Trivariate Research CEO, joins 'Squawk on the Street' to discuss last week's market action, whether margins have bottomed, and any changes to Trivariate's earnings model.

Persons: Trivariate's Adam Parker Adam Parker Organizations: Trivariate

☆ Disney’s Bob Iger says the company has turned a corner. The stock is shooting higher
▼ + stars: | 2024-02-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, Disney continues to lose money in its streaming service business, though it has cut those losses compared to last year. The announcement of a planned ESPN service comes one day after ESPN, along with Fox Corporate and Warner Bros. it’s pretty dramatic in terms of the amount of time spent in games,” Iger said on CNBC. Disney’s foray into the video gaming space comes as competitor Netflix also ramps up their expansion into video games. In December, Netflix launched three mobile-friendly games from Grand Theft Auto, one of the best selling video game franchises ever.

Persons: CNN —, Bob Iger, Disney, ” Iger, Taylor, ”, Iger, “, Nelson Peltz, ‘ Fortnite, Alpha, Maruf Organizations: CNN, CNN — Disney, Wall, ESPN, Disney, Hulu, CNBC, Netflix, Fox Corporate, Warner Bros ., ‘, Epic Games, Theft Locations: Hulu, India

☆ Giraffes appear to be on a path to joining the ranks of Winnie the Pooh and Peppa Pig on Beijing's internet watchlist
▼ + stars: | 2024-02-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementGiraffes might just be the next thing banned on China's social media. The post doesn't mention China and instead promotes US efforts to track down endangered giraffes in Africa using GPS technology. But on Weibo, China's version of X, the embassy's post mysteriously went viral, with 970,000 likes and 180,000 comments as of Tuesday evening. AdvertisementInvestors flooded the giraffe post last weekend with comments complaining about China's slumping stock market, as Bloomberg, CNN, and Reuters reported. Irate commenters were copy-pasting the headline of a state media article, published on the same day as the giraffe post, that said the "entire country is filled with optimism."

Persons: —, Xi Jinping, Peppa, Long, haven't, Weibo Organizations: Service, Embassy, Bloomberg, CNN, Reuters, CSI, Beijing, China Digital Times, Business Locations: China, Africa, Weibo, Republic, China's

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