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☆ I quit my $376,000 dream job at Goldman Sachs to care for my mother when she got sick. I felt sorry for myself at first — but now I have no regrets.
▼ + stars: | 2024-05-01 | by ( Kaila Yu | ) www.businessinsider.com time to read: +6 min

After graduating from Wellesley College, majoring in Chinese studies and economics, I worked at a couple of finance jobs before being poached by Goldman Sachs in Hong Kong. At Goldman Sachs, I made over $376,000 annually. I quit Goldman Sachs in 1999 and moved back home to the Bay Area, where I became lonely and incredibly sad. After about three months of traveling back and forth, I quit Goldman Sachs. Was it worth it to leave Goldman Sachs?

Persons: —, Cassindy Chao, It's, Goldman Sachs, I'd, Fred, Jackie Chan, we've, We'd, Chao, Cecilia, Chao I'm, I've Organizations: Service, Wellesley College, Business, Goldman, Ivy League Locations: Oakland , California, Hong Kong, Thailand, Japan, Vietnam, Bay, California

☆ Powerball jackpot: Oregon trio revealed as winners of $1.3 billion
▼ + stars: | 2024-04-30 | by ( Kaila Nichols | ) edition.cnn.com time to read: +1 min

CNN —An Oregon man who says he’s been battling cancer for eight years and received chemotherapy just last week is among three winners of this month’s $1.3 billion Powerball jackpot. They will have a good life,” Cheng Saephan, 46, said Monday at an Oregon Lottery news conference. This win was also the largest Powerball prize won in Oregon. The winning ticket was sold at a Plaid Pantry convenience store in Portland, according to the Oregon Lottery. “She’s driving on the way to work,” Saephan said.

Persons: he’s, Cheng “ Charlie ” Saephan, Duanpen Saephan, Laiza Chao, Chao, “, ” Cheng Saephan, ” Saephan, ”, Saephan Organizations: CNN, Oregon Lottery, Plaid Pantry Locations: An Oregon, Oregon, Portland, Laos, Milwaukie , Oregon

☆ The cancer-stricken winner of the $1.3 billion Powerball jackpot in Oregon will get a $422 million lump-sum after taxes and says he'll keep playing the lottery
▼ + stars: | 2024-04-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewThe winner of Oregon's $1.3 billion Powerball jackpot is a 46-year-old Laos-born immigrant who opted to take his winnings in a lump-sum payment — meaning he'll get $422 million. AdvertisementThe total amount to be received by Saephan, his wife, and Chao is $422,309,193.97 after taxes, per the Oregon Lottery. Previously, the biggest Oregon jackpot was announced in 2005 and worth $340 million. The Oregon Lottery said ticket sales have since 1985 earned some $15.5 billion that goes toward parks, schools, veteran services, and other state expenses. AdvertisementThe biggest-ever lottery jackpot in the US was $2.05 billion, won by Edwin Castro in California in November 2022.

Persons: —, Cheng Saephan, he's, Saephan, who's, he'd, Laiza Chao, Chao, Edwin Castro Organizations: Service, Business, Oregon Lottery, Powerball Locations: Laos, Portland, Oregon, California, Texas , Arizona, Georgia , New Jersey, Maryland

☆ Hong Kong stocks are back from the dead. Here’s why
▼ + stars: | 2024-04-30 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Hong Kong’s benchmark Hang Seng Index surged more than 7% in April as the best-performing major index in the world. The valuation of Hong Kong stocks has also become more “compelling” relative to the rest of the Asian region after the pullback last year, said Zhikai Chen, head of Asian equities at BNP Paribas Asset Management. He added that there is a shift in investors’ sentiments as Chinese economic data turned more positive. Innes said global investors are currently “underweight” in Chinese markets, including Hong Kong, because of geopolitical tensions and concerns surrounding potential fallout from the upcoming US elections. Stock exchange data showed that southbound investors (meaning investment from mainland China into Hong Kong) have bought nearly $20 billion of Hong Kong-listed stocks in March and the first three weeks of April on a net basis.

Persons: ”, Kelly Chung, Zhikai Chen, Stephen Innes, David Chao, Nomura, Xiaomei Chen, Angelina Lai, Innes, Kong, BNP Paribus Organizations: Hong Kong CNN, Hong, Value Partners, BNP, Management, P Global, PMI, Kong's, Reuters, US, People’s Bank of, HK, “ Locations: China, Hong Kong, United States, Beijing, India, James’s, People’s Bank of China

☆ The world’s best dumplings
▼ + stars: | 2024-03-28 | by ( Julia Buckley | ) edition.cnn.com time to read: +17 min

The best way to sample these dumplings is from a street vendor carting a steamer on his bicycle. KartoffelknoedelCarbtastic kartoffelknoedel ExQuisine/Adobe StockFound across Germany, kartoffelknoedel, or potato dumplings, usually accompany meat dishes. Artit_Wongpradu/iStockphoto/Getty ImagesSome dumpling purists say that the Australian dim sim is merely a bastardized version of Chinese dumplings. Joshua Resnick/500px Plus/Getty ImagesFound on Chinese takeout menus in the United States, crab rangoon are deep-fried dumplings served as a side dish. Shish barakShish barak are lamb dumplings served with yoghurt.

Persons: ., Ravioli, –, chao shou, chao, bryndzové, Lisa Wiltse, dumpling, Edward Wong, there’s, Beata Zawrzel, Mayur, Lord Ganesha, Ganesh Chathurthi, Pelmeni, Dim sims, Peng, Kimchi, Jonathan Wong, manti, speck, you’ll, Deb Lindsey, Uszka, Gyoza, Joshua Resnick, Ihor, it’s, It’s, DiAnna Paulk, Paolo Bernardotti, Shish barak Shish barak, Julia Buckley Organizations: CNN, South China Morning, Adobe, Central Asia, Kazakhstan –, Turks, Adobe Stock, Corbis, China Morning, Getty, Turkish, Fascism, Washington Post Locations: . Cheng, South, Italy, Rome, Sichuan, Central, Turkey, China, Azerbaijan, Kazakhstan, Central Asia, Mongol, Slovakia, Slovakian, Indonesian, Bandung, Hong Kong, Eastern Europe, Maharashtra, Germany, Brazil, Siberia, European, Australia, North America, Europe, Tunisian, Argentina, empanadas, Mendoza, USA, Southern, United States, Central Asian, Korea, Alto Adige, Austrian Tyrol, Kathmandu, Poland, Tokyo, rangoon, Asia, Russia, Georgia, Japan, Pennsylvania, Piedmont, Afghanistan

☆ Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond: police
▼ + stars: | 2024-03-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

A toxicology report later showed that Chao had a blood-alcohol concentration of .233, the Blanco County Sheriff's Office said in its report. Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle. "Chao, who is still on the phone with Keinan, tells Keinan in a [calm] voice her feet are under water," the report said. "Chao told Keinan the water was rising and she was going to die, and said, 'I love you' to Keinan prior to the vehicle going under water." Both deputies entered the pond and tried repeatedly to locate Chao through the back door, "but were unable to," the report said.

Persons: Angela Chao, Pitbull, Chao, Mitch McConnell, Elaine Chao, Tesla, Jim Breyer, Breyer, Amber Landeau, Kienan, Keinan, Victoria Garcia, Victoria, Heela Yang Tsuzuki, One, James Chao, Bruce Wasserstein Organizations: U.S . Labor, Transportation, Blanco County Sheriff's, Ninth, Academy Museum of Motion Pictures, Harvard Business School, Rescue, Texas Rangers, FBI, Blanco County Sheriff's Office, American Bureau of Shipping Council, Harvard Business School's, Dean's Advisors, Metropolitan Opera, National Basketball, Boston Celtics, Facebook, Walmart, Marvel Entertainment, News Corp, Dell Locations: Los, Beverly Hills, Los Angeles , California, Johnson City, Austin, Ky, Texas, Blanco County, New York, Dubai

☆ Angela Chao's death comes after years of complaints to federal regulators about Tesla's reverse gear shift
▼ + stars: | 2024-03-13 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

She told a friend she often accidentally put the car in reverse instead of drive. But instead of putting the car into drive, she accidentally put it in reverse. Business Insider found 12 complaints related to the Tesla reverse function in a database of automobile consumer complaints kept by the US Department of Transportation. The other five complaints were from people who said their cars appeared to switch between drive and reverse without warning. The federal database where BI located 12 concerns about reverse shifting contained 4,228 total complaints related to Teslas.

Persons: Angela Chao, Tesla, —, Chao, they'd, Teslas, It's Organizations: Service, Street Journal, Business, US Department of Transportation, Regulators, Traffic Safety Administration, Department of Transportation, Tesla, Drivers Locations: Austin, Teslas

☆ Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, died after car became submerged in pond, WSJ reports
▼ + stars: | 2024-03-10 | by ( Chris Boyette | Rebekah Riess | ) edition.cnn.com time to read: +3 min

CNN —Angela Chao, CEO of shipping company Foremost Group and sister of former US cabinet secretary Elaine Chao, died after her car became submerged in a pond on a Central Texas ranch last month, according to the Wall Street Journal and a report from Blanco County Emergency Services obtained by the Austin American-Statesman. Chao’s Tesla Model X SUV went over an embankment and into a pond when she put the car in reverse instead of drive during a three-point turn shortly before midnight on February 10, the Wall Street Journal reports. According to the Wall Street Journal, a longer cable was eventually garnered, and the car was pulled from the pond. First responders soon retrieved Chao from her vehicle and began resuscitation efforts but were unsuccessful, according to the Wall Street Journal. Neither the Blanco County Emergency Services, Blanco County Sheriff’s Office, nor Texas Attorney General Ken Paxton’s office have responded to CNN’s request for comment and additional information.

Persons: Angela Chao, Elaine Chao, Tesla, Chao, Ken Paxton’s, George W, Donald Trump, Mitch McConnell Organizations: CNN, Foremost Group, Wall Street, Blanco County Emergency, Austin American, Statesman, EMS, Emergency Services, Blanco County Sheriff’s, Texas, Blanco County Public, Office Locations: Central Texas, Blanco County, Blanco

☆ '3 Body Problem' is not 'Game of Thrones' with aliens — but it's just getting started
▼ + stars: | 2024-03-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

Similarly, it's hard to tell how "3 Body Problem" will pan out even from its first season, which by the end still feels like it's only barely gotten started. Netflix"3 Body Problem" is based on Chinese author Liu Cixin's "Remembrance of Earth's Past" trilogy. The modern-day storyline is less compelling — at least so farJin Cheng (Jess Hong) and Jack Rooney (John Bradley) in "3 Body Problem." "3 Body Problem" has a "Contact"-like bent, in that it attempts to use science and extraterrestrial life to interrogate the idea of God itself. But "3 Body Problem" is worth your time, if at least to see what some of television's greatest hitmakers have taken on next.

Persons: David Benioff, Weiss, Liu Cixin's, Alexander Woo, —, Benioff, Carl Sagan fan's, Ye Wenjie, Ye Zhetai, he's, she's, Wenjie, Rosalind Chao, Tseng, Derek Tsang, Jin Cheng, Jess Hong, Jack Rooney, John Bradley, Ed Miller, alums, Da Shi, Benedict Wong, Thomas Wade, Liam Cunningham, Ye, Woo, It's, Ye Wenjie's Organizations: Netflix, Service, HBO, Amazon's, Tsinghua University Locations: China, Mongolia, London, Oxford

☆ Angela Chao may have died after accidentally putting her Tesla in reverse, a mistake she made before, WSJ reports
▼ + stars: | 2024-03-09 | by ( Lloyd Lee | Jack Newsham | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. Blanco County Sheriffs told Austin American-Statesman that Chao may have "succumbed from being under the water." Advertisement"Does the Blanco County Sheriff have the technical capacity to investigate the Tesla logs to determine if the car was tampered with or even hacked?" A spokesman for the Blanco County sheriffs did not respond to a request for comment sent outside working hours. AdvertisementExperts previously told Business Insider that drivers only have about a minute to get out of a sinking vehicle.

Persons: —, Angela Chao, Elaine Chao, Tesla, Chao, Chao's Tesla, J, Kyle Bass, Bass, Ken Paxton Organizations: Service, Foremost, Street Journal, Business, Blanco County Sheriffs, Austin American, Statesman, Texas, Hayman Capital Management, Blanco County Sheriff, Tesla Locations: Blanco County , Texas, Austin, Blanco County, Texas, Blanco, Chao

☆ Authorities have launched a 'criminal investigation' into Foremost Group CEO Angela Chao's death, report says
▼ + stars: | 2024-03-02 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Authorities have launched a "criminal investigation" into the death of the Foremost Group CEO. AdvertisementAuthorities in Texas have said they are carrying out a "criminal investigation" into the death of Foremost Group CEO Angela Chao, CNBC reported. In a letter to the attorney general, the sheriff's office also noted that it "was not a typical accident," the report added. Her sister, Elaine Chao, is a former US Secretary of Transportation and the wife of Senate Minority Leader Mitch McConnell. Business Insider reached out to the Blanco County Sheriff's Office for comment.

Persons: Angela Chao, Elaine Chao, Mitch McConnell, —, Ken Paxton, Jim Breyer, Chao, James S.C Organizations: Foremost, Service, Authorities, CNBC, Blanco County Sheriff's, Texas, Transportation, Business Locations: Texas, Johnson City , Texas, Austin, Blanco County

☆ Opinion: Mitch McConnell’s unconditional surrender
▼ + stars: | 2024-02-29 | by ( Julian Zelizer | ) edition.cnn.com time to read: +9 min

CNN —Mitch McConnell has bowed to political reality and announced that he is relinquishing his role as leader of Senate Republicans. (Chao served as transportation secretary under former President Donald Trump, before quitting the post following the January 6, 2021 attack on the US Capitol.) The anti-Trump coalition within the Republican Party is small and hanging on by a thread, and there is little chance of that changing in the short term. Now, one of Haley’s most generous benefactors, the conservative political action committee Americans for Prosperity, funded by the Koch network, has withdrawn its funds. And now, like other Trump opponents, Romney finds himself heading for the exit at the end of his current term.

Persons: Julian Zelizer, Mitch McConnell, McConnell, Elaine Chao, Chao, Donald Trump, ”, It’s, he’s, invectives, MAGA, Trump, Merrick Garland, Barack Obama’s, — McConnell, SCOTUS, Roe, Wade, Dobbs, Lindsey Graham, Sen, Dick Durbin, —, that’s, Gingrich’s, Nikki Haley, Haley, couldn’t, Koch, Mitt Romney, Romney, convicting Trump, Trump’s, Romney’s Organizations: CNN, Princeton University, The New York Times, America, Republicans, Julian Zelizer CNN, Trump, Ukraine, GOP, Republican Party, Republican, NATO, Tea Party, MAGA, UN, Prosperity, Old Party Locations: Washington, life’s, Ukraine, Israel, Taiwan, Kentucky, South Carolina, Utah

☆ Death of shipping CEO Angela Chao under 'criminal investigation,' Texas sheriff says
▼ + stars: | 2024-02-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The death earlier this month of Foremost Group CEO Angela Chao, the sister-in-law of Senate Minority Leader Mitch McConnell, is currently under "criminal investigation," a Texas sheriff's office said Thursday. "This incident was not a typical accident," the Blanco County Sheriff's Office wrote in a letter to Texas Attorney General Ken Paxton on Thursday. "Releasing the reports, videos and other information prior to the completion of the investigation would interfere with the investigation and possible prosecution of this matter," the sheriff's office wrote. The sheriff's office in that Feb. 16 statement had said, "EMS attempted emergency measures on Ms. Chao but she succumbed from being under the water." Chao was the sister of McConnell's wife, Elaine Chao, who has served as secretary of both the U.S. Labor and Transportation departments.

Persons: Angela A, Chao, Angela Chao, Mitch McConnell, Ken Paxton, Jim Breyer, Austin . Chao, Elaine Chao Organizations: New York City Opera, Blanco County Sheriff's, CNBC, U.S . Labor, Transportation Locations: New York City, Texas, Johnson City , Texas, Austin, Blanco County

☆ Mitch McConnell to step down as Republican Senate leader in November
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Sen. Mitch McConnell of Kentucky said Wednesday that he will step down as Republican leader in the Senate in November. McConnell, 82, revealed his plans in an address to the Senate, where he currently serves as minority leader. McConnell, who is the longest-serving Senate caucus leader in history, plans to keep his seat in the chamber, which he took in 1985. "To serve Kentucky, has been the honor of my life, to lead my Republican colleagues has the highest privilege," McConnell said. "When you lose a loved one, particularly at a young age, there's a certain introspection that accompanies the grieving process," McConnell said.

Persons: Sen, Mitch McConnell, McConnell, Elaine Chao, Angela, Chao's, Angela Chao, Jim Breyer Organizations: Kentucky, Senate, Republican Locations: Kentucky, life's, Austin , Texas

☆ Joe Biden might end up missing Mitch McConnell
▼ + stars: | 2024-02-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewPresident Joe Biden and Senate Minority Leader Mitch McConnell are not friends — at least not in the sense of how any normal person would use the word. Even Obama couldn't help roll his eyes at the narrative of Biden and McConnell's relationship after the 2020 presidential election. "I'm enjoying reading now about how Joe Biden and Mitch have been friends for a long time," Obama told The Atlantic. The Kentucky Republican has also defended NATO, a major defense alliance that Trump has repeatedly questioned over his life. Biden will miss the Kentucky Republican at times.

Persons: —, Joe Biden, Mitch McConnell, Biden, Barack Obama's, Antonin Scalia, Obama, Mitch, McConnell, he's, We've, Trump, Mike Johnson, McConnell's, Ronald Reagan, Reagan, haven't, It's, Johns, Sen, John Cornyn of, Cornyn, John Thune of, John Barrasso of, Barrasso, browbeaten McConnell, Elaine Chao, Trump's Organizations: Service, Kentucky Republican, Business, GOP, Russia, Biden, Ukraine, NATO, Capitol, Republican Party, Cabinet, The New York Times, Trump, Republican Locations: Washington, Kentucky, villainy, Ukraine, ungovernable, John Cornyn of Texas, John Thune of South Dakota, John Barrasso of Wyoming, Israel, Taiwan

☆ Mitch McConnell to step down from GOP leadership position in the Senate
▼ + stars: | 2024-02-28 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +3 min

Senate Minority Leader Mitch McConnell will step down as GOP leader in November, the Kentucky Republican announced on the Senate floor Wednesday, marking the end of an era on Capitol Hill and setting up a high-stakes race for his successor. He will continue to serve in the US Senate but will allow “the next generation of leadership” to take the helm of the Senate Republican Conference. In 2023, McConnell became the longest-serving Senate party leader in history. McConnell on Wednesday said his decision to step down came following the death of his wife Elaine Chao’s youngest sister, Angela, in a traffic accident earlier this month. Mitch McConnell speaks on the Senate floor on Wednesday.

Persons: Mitch McConnell, ”, McConnell, ” McConnell, “, Chuck Schumer, Republican Sen, Lisa Murkowski, Elaine Chao’s, Angela, they’ve, CNN’s Dana Bash, Kristin Wilson Organizations: Kentucky Republican, Capitol, Senate Republican Conference, Senate, Republican, Kentucky Locations: Washington ,, New York, Alaska

☆ Foremost Group CEO Angela Chao died after car went into Texas pond, sheriff says
▼ + stars: | 2024-02-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at a private residence in New York City on Oct. 21, 2010. Angela Chao, CEO of Foremost Group and the sister-in-law of Senate Minority Leader Mitch McConnell, died after her car went into a pond on a private ranch about 40 miles west of Austin, Texas, authorities said Friday. On Friday, the Blanco County Sheriff's Office said in a statement that on Saturday, it "responded to a possible water rescue on a private ranch located in Blanco County, TX." "On arrival Blanco County deputies along with Blanco County EMS and Fire recovered the body of Angela Chao from a pond on the ranch," the statement said. "EMS attempted emergency measures on Ms. Chao but she succumbed from being under the water," the statement said.

Persons: Angela A, Chao, Angela Chao, Mitch McConnell, Chao's, Jim Breyer, Elaine Chao, McConnell, Donald Trump's, George W, Bush, Ben Oakley, Oakley Organizations: New York City Opera, Foremost, Wednesday, Blanco County Sheriff's, Blanco County EMS, Fire, Harvard, National Basketball, Boston Celtics, Bank of, China State Shipbuilding Corporation, Transportation, Labor, CNBC Locations: New York City, Austin , Texas, Blanco County, Blanco County , TX, Blanco, Johnson City, Austin, Bank of China

☆ Angela Chao, CEO of Foremost Group and wife of VC Jim Breyer, dies in a car crash at age 50
▼ + stars: | 2024-02-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Angela Chao, CEO of Foremost Group, died in a car accident in Texas, the company said. Chao was married to venture capitalist Jim Breyer and was the sister of Elaine Chao. AdvertisementAngela Chao, 50, chair and CEO of the shipping company the Foremost Group, died in a car crash in Texas on Sunday, the company said. Angela Chao was also the sister of Elaine Chao, who is married to Senate Minority Leader Mitch McConnell. Elaine Chao served as labor secretary under former President George W. Bush and transportation secretary under former President Donald Trump.

Persons: Angela Chao, Chao, James S.C, Jim Breyer, Elaine Chao, —, Mitch McConnell, George W, Donald Trump Organizations: Foremost, Service, Breyer Capital, Business Locations: Texas

AUSTIN, Texas (AP) — Angela Chao, a shipping industry CEO and sister-in-law to Senate Minority Leader Mitch McConnell, has died in a car accident, her family says. Chao, 50, died Sunday in Texas, according to a family statement that did not provide any additional details about what happened. Chao was the chair and CEO of her family's shipping business, the Foremost Group, and the president of her father's philanthropic organization, the Foremost Foundation. Chao was the youngest of six sisters to immigrant parents who moved to the U.S. from China in the late 1950s. “Angela’s name in Chinese sounds like the characters for peace and prosperity," her father, James S.C. Chao, said in the family statement.

Persons: — Angela Chao, Mitch McConnell, Chao, Elaine Chao, Donald Trump, George W, Bush, “, James S.C, Michael Lee Organizations: Foremost Locations: AUSTIN, Texas, Blanco, Austin, Blanco County, China

☆ Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, dies in car crash
▼ + stars: | 2024-02-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Angela Chao, CEO of the shipping company the Foremost Group and sister of former US cabinet secretary Elaine Chao, was killed in a car crash in Texas on Sunday, according to a spokesperson for her company. Angela Chao, 50, had been CEO of the shipping company since 2018, assuming the role from her father, James S.C. Chao, who had founded it in 1964. “Angela Chao was a formidable executive and shipping industry leader, as well as a proud and loving daughter, sister, aunt, wife and mother. She was also a precocious youngster, learning about the shipping industry at an early age,” said the companies’ statement. Elaine Chao is the wife of Senate Minority Leader Mitch McConnell.

Persons: Angela Chao, Elaine Chao, James S.C, Chao, Michael Lee, Smith Barney, Morgan Stanley, “ Angela Chao, ”, TradeWinds, “ Angela, Presisdent George W, Donald Trump, Mitch McConnell Organizations: New, New York CNN, Foremost, Harvard, American Bureau of Shipping Council, Harvard Business School’s, Dean’s Advisors, Metropolitan Opera, Chairman’s, Metropolitan Museum of Art, Museum of Contemporary Art, Shanghai Mulan Education, Asian American Foundation, Asian Americans, Pacific Islanders Locations: New York, Texas, Austin , Texas, Los Angeles, Shanghai

☆ Angela Chao, C.E.O. of Family’s Big Shipping Company, Dies at 50
▼ + stars: | 2024-02-14 | by ( Keith Bradsher | Michael Forsythe | ) www.nytimes.com time to read: +1 min

Angela Chao, the chief executive of a shipping company and part of a family prominent in American politics and business deals with China, died in a car crash on Sunday, in Texas. Ms. Chao had since 2018 been the chair and chief executive of the Chao family’s Foremost Group, which operates a global fleet of bulk carrier ships. Elaine Chao is married to Senator Mitch McConnell of Kentucky, the Senate Republican leader. The Chao family, led by Angela and Elaine Chao’s father, James S.C. Chao, stands out because of its deep political and commercial ties in both the United States and China. He moved to the United States in 1958 and helped found the Foremost Group in 1964.

Persons: Angela Chao, Chao, Elaine Chao, Donald J, Trump, George W, Bush, Mitch McConnell of, Angela, Elaine Chao’s, James S.C, . Chao, Jiang Zemin Organizations: Republican, Nationalists Locations: China, Texas, Mitch McConnell of Kentucky, United States, Taiwan, Shanghai

☆ Having too many options can paralyze investors. Here's how you can overcome 'choice overload'
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Humans get overwhelmed by too many options, a behavioral finance concept known as "choice overload." How investors encounter choice overloadChristopher Ames | E+ | Getty ImagesIt's not just investing: The choice paradox can extend to things like ice cream flavors and apparel, for example. Given these behavioral biases, retailers and others have evolved, making it less likely consumers will experience choice overload "in the wild" today, said Dan Egan, vice president of behavioral finance and investing at Betterment. Do-it-yourselfers may have about one to two dozen investment options, at most, from which to choose, reducing the choice friction. If you don't give people an easy choice, "it's really hard for them," Blanchett said.

Persons: Philip Chao, Brian Scholl, David Blanchett, Samantha Lamas, Christopher Ames, Sheena Iyengar, Mark Lepper, Dan Egan, Egan, that's, Blanchett Organizations: Sdi, U.S . Securities, Exchange Commission, Investor, Morningstar, Finance Locations: John , Maryland

☆ Trump poses dilemma for Senate GOP leaders after years of battling with McConnell
▼ + stars: | 2024-01-28 | by ( Manu Raju | Melanie Zanona | ) edition.cnn.com time to read: +11 min

Watch CNN’s coverage of Senate GOP leadership and Donald Trump on ‘Inside Politics Sunday with Manu Raju’ at 11 a.m. Senate GOP Leader Mitch McConnell hasn’t spoken to Trump in more than three years and tries to avoid uttering his name in public. As Trump steamrolls to the nomination, there are ample questions in GOP circles about how – and whether – Trump can rebuild Senate alliances that were critical in his first term but are nonexistent now. But Mullin said that the next Senate GOP leader and Trump need to move past the bad blood if they take back the majority and the White House. Asked last week if he could work with Trump as president, Thune said: “We can work with everybody.”Pressed again if he could do so as GOP leader, Thune said: “Well, that’s a hypothetical.”And the elevator doors closed.

Persons: Donald Trump, Manu Raju ’, Mike Johnson, Donald Trump ., Mitch McConnell hasn’t, John Thune of, hasn’t, Trump, “, ”, Texas Sen, John Cornyn –, McConnell, – Sen, John Barrasso, Kari Lake, Bernie Moreno, – Trump, –, there’s, Sen, J.D, Vance, Mitch McConnell, Chip Somodevilla, Johns, he’s, Rick Scott, Scott, —, Markwayne Mullin, Mullin, ” Mullin, they’re, ” Sen, Marco Rubio, Nikki Haley, Haley, Kevin Cramer, Mitch, Thom Tillis, Tillis, Josh Hawley, ” Hawley, Trump’s, Elaine Chao, ” McConnell, John Thune, John Cornyn, J, Scott Applewhite, Cornyn, Joe Biden, ” Cornyn, Barrasso, Joe Biden …, ” Thune, Thune –, Tim Scott of, Thune, CNN’s Morgan Rimmer, Lauren Fox, Christine Park Organizations: GOP, Trump, Team Trump, Republican, Capitol, Trump -, Republicans, Ohio Republican, CNN, Oklahoma Republican, White, Kentucky Republican, North Dakota Republican, North Carolina Republican, New, New Hampshire, Texas, Wyoming –, Thune Locations: New Hampshire, John Thune of South Dakota, Wyoming, Iowa, Arizona, Ohio, Ukraine, Washington ,, Florida, Oklahoma, Marco Rubio of Florida, Josh Hawley of Missouri, Washington, Tim Scott of South Carolina

☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ China is ramping up stimulus to boost market confidence — but is it enough?
▼ + stars: | 2024-01-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Starting Feb. 5, the People's Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. Cutting the reserve requirement ratio (RRR) by 50 basis points is set to release 1 trillion yuan ($139.8 billion) in long-term capital, the central bank said. A 2 trillion yuan boost? Chinese Premier Li Qiang on Monday called for much stronger measures to boost market stability and confidence, according to an official readout. Chinese authorities in October already announced the issuance of 1 trillion yuan in government bonds, alongside a rare increase in the deficit.

Persons: Gongsheng, Pan Gongsheng, Tao Wang, Ting Lu, a, Lu, Wang, Stocks, Winnie Wu, That's, Li Qiang, Pan, Philip Yin, David Chao, Pan's Organizations: People's Bank of China, State Administration of Foreign Exchange, Financial, Getty, Visual China, People's Bank of, UBS Investment Bank, Wednesday, National Financial Regulatory Administration, UBS, Bank of America's, Bloomberg, PBOC, Citi, U.S, Asia Pacific, CNBC Locations: BEIJING, CHINA, Beijing, China, People's Bank of China, Asia, Hong Kong, capitulating, Japan, Invesco

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