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☆ Asia-Pacific markets set for mixed open; Australia inflation data in focus
▼ + stars: | 2024-10-30 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.

Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong

☆ Willie Nelson talks about grief, legalizing marijuana and that Beyoncé collaboration
▼ + stars: | 2024-10-29 | by ( Andrew Kirell | Andrew Kirell Is A News Editor With Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Willie Nelson is no stranger to confronting his mortality. (“When I listened back to my dad’s vocal on it, I just started bawling,” Micah Nelson said in the album’s accompanying essay.) He expressed joy about working with Micah Nelson, 34, who played a key role in making the album. He then launched into rollicking versions of the classics “Mammas Don’t Let Your Babies Grow Up to Be Cowboys” and “On the Road Again.”“We’re feeling hopeful,” Annie Nelson said on the call. “He doesn’t want to make Bob Dylan sad,” Annie Nelson chimed in.

Persons: Willie Nelson, ”, Micah Nelson, Tom Waits, “, Nelson, —, Kris Kristofferson, “ I’ve, ” Nelson, ” Warren, ” Micah Nelson, Kristofferson, Toby Keith, Loretta Lynn, Paul English, Bobbie Nelson, Johnny Cash, Merle Haggard, Waylon Jennings, Guy Clark, Nelson’s, Rene Butts, Billy, ” Willie, Neil Young, “ I’m, Annie D’Angelo Nelson, “ Micah, Waits, Young, Beck, Carter, ‘ Heck, ” Nelson's, Kamala Harris Nelson, Kamala Harris, hasn’t, Joe Biden, Beto O’Rourke, Harris, Colin Allred, Kamala ”, Harris ’ Beyoncé, ’, ” Harris, Walz, ” Annie Nelson, Willie, Andrea Drummer, “ Willie, ” Annie, Bob Dylan, Annie Nelson chimed, “ Bob Dylan doesn’t Organizations: Rep, Harris and, Cowboys Locations: Harris and Texas, Florida, Dallas, Houston, West Hollywood , California, U.S

For years, Republican activists have huddled in video meetings to talk about remaking democracy and plan for the election. They successfully lobbied for new state election laws and procedures, diving deep into the intricacies of election regulations. Earlier this year, Ms. Mitchell said she was called by God to shift her attention to the possibility that noncitizens were voting. They were involved in recent attempts to make it easier for State Election Board members to hold up certification while they conduct inquiries into the vote. Ms. Mitchell has talked about a federal elections overhaul should Republicans win the White House and Congress.

Persons: Donald J, Cleta Mitchell, Rebecca Dunn, Richard Uihlein, —, Mark Meadows, Russell T, Trump, Mitchell, Trump’s, John Eastman, I’ve, Donald Trump, badgered, illegals ”, ”, ” Ms, “, ” Patrice Johnson, Mike Johnson, Chip Roy, Ron Armstrong, Richard Silvestri, Matthew Seifried, Seifried, Claire Zunk, Janine Iyer, Elizabeth Ayoub, “ Janine, Johnson, Ned Jones, John Richards Jr, don’t, Jim Womack, Mr, Jones, I’m, we’ve Organizations: Republican, The New York Times, Trump, Network, Republican National Committee, Bradley Impact Foundation, Conservative Partnership Institute, Trump White House, Citizens, Gateway Pundit, Federalist, Republicans, United States, Tea Party, Michigan, Mr, Republican Party, Michigan Fair, North, United Sovereign Americans, American Legislative Exchange Council, White House Locations: America, In Nevada, Georgia, Texas, United, Michigan, Ron Armstrong , Michigan, chimed, Trump, Georgia , Michigan, Nevada, North Carolina

☆ Olympus shares drop over 5% after CEO resigns over drug allegation
▼ + stars: | 2024-10-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

The Olympus Corp. flag flies outside the company's Ishikawa research development facility in Tokyo, Japan, on Monday, March 14, 2022. Shares of Japanese camera giant Olympus Corp fell on Monday after the company announced the resignation of its chief executive officer over a drug allegation. The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation, according to LSEG data. So far this year, Olympus shares have jumped 31.9%, outperforming Japan's benchmark Nikkei 225, which has risen 13.3%. Kaufmann, 56, who had worked at Olympus for two decades, complied with a request to offer his resignation, the company added.

Persons: Stefan Kaufmann's, Olympus, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Takeuchi, Michael Woodford Organizations: Olympus Corp, Tokyo Stock Exchange, Olympus, Nikkei, CNBC, Toyota Motor, America Locations: Tokyo, Japan

The hum of a peaceful New York City afternoon was broken by chaos Sunday as Washington Square Park played host to a viral Timothée Chalamet lookalike competition. Miles Mitchell, left, winner of the Timothée Chalamet lookalike contest, came dressed as Willy Wonka, whom Chalamet, right played in the film “Wonka.” AP; Warner Bros. I’m gonna win $50.”As Washington Square Park became overcrowded, the red carpet (yes, a real red carpet) was uprooted and the Timothées began a panicked pilgrimage to a smaller park nearby. Contestants gather for the Timothée Chalamet lookalike contest in Washington Square Park in New York on Sunday. Stefan Jeremiah / AP“I really love Timothée.

Persons: Chalamet, ” Police didn’t, “, ”, Tamir Omari, ” Chalamet, Chalamet’s Paul Atreides, Miles Mitchell, Willy Wonka, Wonka, Paul Atreides, Bob Dylan, Timmy, Dempsey Bobbitt, I’m, Stefan Jeremiah, Madeline Berns, Rutgers University . Berns, Berns, “ It’s, ” Omari, Kylie Jenner, Mitchell Organizations: Washington Square Park, Associated Press, ” Police, AP, Warner Bros, ”, Washington, Rutgers University Locations: New York City, Washington, New York

Grateful Dead founding member and bassist Phil Lesh died Friday morning, according to a post on his official Instagram account. Shortly afterward, the band renamed itself the Grateful Dead, with Lesh on bass and Garcia on guitar. The Dead fused rock, jazz and folk, going on to become one of the most influential bands in American history. Known for being a virtuosic bassist, Lesh is credited with redefining the sound of the bass and heavily influencing the Grateful Dead’s sound. He was widely recognized by other artists as a defining rock bass player.

Persons: Phil Lesh, Lesh, “ Phil, ” Lesh, Karlheinz Stockhausen, Jerry Garcia, Garcia, “ Lesh, you’ll, Bob Dylan, Phil, Jill, Grahame, Brian Locations: California, San Francisco, German, Bay

We've tested several for our guide to the best espresso machines, and the Jura Z10 ranks as the best super-automatic espresso machine. The Jura Z10 stands alone in the sea of sub-par automatic espresso machines on the market — though not without a few shortcomings of its own. Read on for our thoughts on the Jura Z10 espresso machine. Owen Burke/Business InsiderIn the end, no fully automatic espresso machine we've tried competes with a quality semi-automatic machine and a perfectly dialed burr grinder. But if convenience is your primary concern and you have the budget for it, the Jura Z10 is the best automatic espresso machine on the market.

Persons: We've, Owen Burke, sudsy microfoam, Lily Alig, Alig, it's, Dylan Ettinger, burr Organizations: Business, Jura Z10, Z10, Amazon, Williams, Espresso Locations: Switzerland, Jura, Siri

☆ TSMC denies U.S. is probing the company after report suggests blacklisted Huawei is using its chips
▼ + stars: | 2024-10-23 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Taiwan Semiconductor Manufacturing Company has denied that the U.S. was investigating its dealings with Chinese tech company Huawei, following reports that its chips were found in the Shenzhen-based firm's products. Tech-focused publication The Information had reported last week that the Commerce Department was probing whether TSMC had been making AI or smartphone chips for Huawei, in violation of U.S. export rules. We are not aware of TSMC being the subject of any investigation at this time," the TSMC spokesperson added. TSMC, which is the world's largest contract chip manufacturer, said that it has not supplied chips to Huawei since mid-September 2020. Citing anonymous sources, the report claimed the discovery was made after tech research firm TechInsights took apart a Huawei product and found a TSMC chip as part of its multi-chip system.

Persons: TSMC, TechInsights, TSMC's Organizations: Taiwan Semiconductor Manufacturing, New York Stock Exchange, Taiwan Semiconductor Manufacturing Company, Huawei, CNBC, Wednesday . Tech, Commerce Department, U.S . Commerce Department, Reuters, . Locations: U.S, Shenzhen

☆ Lionel Messi becomes Inter Miami’s all-time leading goal scorer after 11-minute hat-trick helps team to record point total
▼ + stars: | 2024-10-21 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

Messi came on as a substitute in the second half and stole the show with a rapid-fire hat-trick, netting three goals between the 78th and 89th minute. This made the 37-year-old the all-time leading goal scorer in the club’s short history – his 33 goals take him past teammate Leonardo Campana’s current total of 32, according to the team. The win – the squad’s 22nd of the season – pushed Miami’s point total to 74, breaking the MLS record of 73 set by the Revolution in 2021, per the club. “For the team, it’s a boost of confidence, more confidence,” said head coach Gerardo Martino postgame, via Inter Miami. Carmen Mandato/Getty ImagesAnother excellent team goal, assisted by Suárez, gave Messi his hat-trick to cap off the scoring frenzy.

Persons: Lionel Messi, Messi, Leonardo Campana’s, –, ”, Gerardo Martino, it’s, ” Miami, Sam Navarro, Gianni Infantino, Luca Langoni, Dylan Borrero, Luis Suárez, Jordi Alba –, Benjamin Cremaschi, Messi dribbles, Carmen Mandato, Suárez Organizations: CNN, Inter Miami, Major League Soccer, England, Miami, Chase Stadium, MLS, “, Inter, USA, Reuters, FIFA, US, Eastern Conference, Eastern, CF Montréal, Atlanta United Locations: Inter Miami, New England, Miami

In Michigan, Trade Policies and the Water Crisis Loom Large for VotersGenesee County, Mich., home to Flint and the birthplace of General Motors, has been loyal to the Democratic Party for decades. In and around Flint, voters from both parties described feeling let down by corporations, especially auto companies, and by their political leaders. But interviews with more than 20 people across Genesee County also showed that voters still had doubts about Ms. Harris. I think that she is more so focused I think that she is more so focused on being a personality. Scroll to play video Muted Charles H. Knox Sr. Charles H. Knox Sr.

Persons: Dylan Luna Dylan Luna Ken Snyder Ken Snyder Charles H, Knox Sr, Charles H, Dylan Luna Dylan Luna Meredith Davis Meredith Davis, Ken Snyder Ken Snyder Corie, Michael Aversa Michael Aversa Corie, Foor Meredith Davis Meredith Davis Isabelle Snyder Isabelle Snyder Michael Aversa Michael Aversa Ken Snyder Ken Snyder Charles H, Ken Snyder Ken Snyder Meredith Davis Meredith Davis, Corie, Ken Snyder Ken Snyder Meredith Davis Meredith Davis Charles H, Knox, ”, “ It’s, “, ” “, ” It’s, I’ve, Kamala Harris, Harris, Donald J, Trump, Ken Snyder Ken Snyder Meredith Davis Meredith Davis Michael Aversa Michael Aversa Charles H, Dylan Luna, Dylan Luna Flint Board of Education Dylan Luna, Dylan Luna Flint Board of Education Dylan Luna Flint Board of Education Charles H, It’s, we’ve, ” “ MAGA, MAGA, “ MAGA, ’, Tyonna McIntyre Tyonna McIntyre, Ken Snyder Ken Snyder Michael Aversa Michael Aversa Dylan Luna Dylan Luna Michael Aversa Michael Aversa Meredith Davis Meredith Davis Isabelle Snyder Isabelle Snyder Corie, Michael Aversa Michael Aversa Meredith Davis Meredith Davis, Ken Snyder Ken Snyder Charles H, Michael Aversa Michael Aversa Charles H, “ The, Flint, Art Reyes “, Art Reyes, Bill Bain Bill Bain, Hillary Clinton, Bain, ” Mr, Mandy Christle Mandy Christle, Christle, Isabelle Snyder Isabelle Snyder Meredith Davis Meredith Davis Ken Snyder Ken Snyder Michael Aversa Michael Aversa Corie, Corie Foor Dylan Luna Dylan Luna Charles H, it’s, Dixon, Northerners, ‘, There’s, ” There’s, MaryAnn Pietrzyk, Barack Obama Organizations: General Motors, Democratic Party, “, Flint, Republican, Democratic, Black, Dylan Luna Flint Board of Education, Dylan Luna Flint Board of Education Dylan Luna Flint Board of Education, Trump, Aldi, Kroger, Auto Industry, Biden, “ The Biden, Democrats, Motors, GMC, Republicans, Benz, GM, United Auto Workers, North American Free Trade, Mr, Mason Locations: Michigan, Genesee County, Mich, Flint, ”, America, Genesee, carmaking, Canada, Mexico, American

☆ Wild Tennessee rivalry win against Alabama puts Tide in previously unthinkable position
▼ + stars: | 2024-10-19 | by ( The Athletic College Football | ) www.nytimes.com time to read: +9 min

A few possessions later, Tennessee sealed the win with a Will Brooks interception of Jalen Milroe with 1:24 to play. Though the Tide won last year in Tuscaloosa, Saturday marked Tennessee’s second consecutive win against Alabama at Neyland Stadium, something that hadn’t happened since 2004 and 2006. The Vols jumped to 56 percent after the win, and the Tide fell to 53 percent, according to The Athletic’s Austin Mock. A loss to Tennessee coupled with the loss to Vanderbilt and a lackluster win against South Carolina puts Alabama in a simple but challenging position: win out or bust. Four Tennessee drives reached Alabama territory in the first half Saturday, but the Volunteers failed to score on any of them.

Persons: Kennington Smith, Joe Rexrode, David Ubben, Crimson, Kalen DeBoer, Nico Iamaleava, Chris Brazzell II, Will Brooks, NICO, A. Organizations: Tennessee, rival’s College Locations: David Ubben KNOXVILLE, Tenn, —, Alabama, , Tennessee, Tennessee, 7 y

The student gunman in a small-town Iowa school shooting in January in which two people were killed and several others injured was known to have a fascination with school shooters and exhibited a number of unreported “warning signs,” the Iowa Public Safety Department said Friday. “There is significant evidence of this shooter’s fascination with prior school shootings” and there was also evidence of “copycat behavior” in his actions, Stephan Bayens, commissioner of the Iowa Public Safety Department, said in a news conference. The evidence bears that out.”“Those concerns, along with a number of other warning signs, were unreported or were otherwise unrecognized,” Bayens said. He said the shooter exhibited “broad behavioral issues” and mental health concerns that were present years before the shooting. The shooter was “suicidal coupled with a homicidal intention to take others with him in an effort to gain notoriety,” Bayens said.

Persons: Dylan Butler, Ahmir, Dan Marburger, Stephan Bayens, Bayens, ”, ” Bayens, “, Marburger Organizations: Iowa, Iowa Public Safety Department, Perry High School, Meta Locations: Iowa, “

☆ Week 8’s top 10 college football games: Georgia-Texas, Alabama-Tennessee and much more
▼ + stars: | 2024-10-18 | by ( Justin Williams | ) www.nytimes.com time to read: +10 min

On the heels of two of the more riveting weeks of college football in recent memory comes a jam-packed Saturday that features a trio of SEC headliners, including a top-five clash between blue bloods. There’s also multiple rivalry games that feature boots (sort of), and a potential College Football Playoff showcase in Bloomington, Indiana, of all places. Stream college football on fubo. 17 Kansas State (5-1) at West Virginia (3-3), 7:30 p.m., Fubo, FoxThere are intriguing matchups involving the Big 12’s three ranked teams this week, including Oklahoma State at No. 8 LSU (5-1) at Arkansas (4-2), 7 p.m., Fubo, ESPNIt’s the Battle for the Golden Boot, one of the more underappreciated rivalry names and trophies in college football.

Persons: There’s, James Madison, Cam Skattebo, Sam Leavitt, Jeff Sims, Brendan Sorsby, hasn’t, Red Grange, Benjamin Morrison, Haynes King, King can’t, Zach Pyron, Curt Cignetti, Joe Rexrode, They’ve, Dylan Raiola, Sam Pittman, —, Garrett Nussmeier, Ole, Coach Howard Schnellenberger, — Mark Ennis, Cam Ward, Tyler Shough, Ward, David Ubben, Kennington Smith, Quinn Ewers, Kevin C, Cox Organizations: SEC, Oklahoma, BYU, Clemson, Auburn, Georgia Southern, UCF, Iowa State, fubo, Arizona State, Sun Devils, Bearcats, ASU, UNLV, Oregon State, CW The Rebels, Syracuse, Utah State, Boise State, Broncos, Group, Kansas State, Fox, Oklahoma State, Wildcats, CBS, Purdue, Illini, Red, Wolverines, Notre Dame, Irish, Georgia Tech, North, Navy, Army, USC, Indiana, Hoosiers, Nebraska, Huskers, Ohio State, LSU, ESPN, Tigers, Ole Miss, Razorbacks, Miami, ABC, Cardinals, Louisville Sports Commission, Virginia Tech, Cal, Hurricanes, Louisville, Virginia, FBS, Oregon, Georgia, Getty Locations: Bloomington , Indiana, BYU , Ohio, Miami ( Ohio, Virginia, Missouri , Louisiana, Coastal Carolina, Toledo, NIU , Colorado, Arizona, Cincinnati, Utah, Las Vegas, Corvallis, Oregon, Nevada, West Virginia, Morgantown, Kansas, Michigan, Illinois, . Illinois, North Carolina, Nebraska, Indiana, Bloomington, Arkansas, Louisville, Miami, Tyler Shough . Miami, Alabama, Tennessee, Georgia, Texas, Austin

☆ Yankees survive another late-inning thriller, lead Guardians 3-1 in ALCS: Takeaways
▼ + stars: | 2024-10-18 | by ( Tyler Kepner | Chris Kirschner | ) www.nytimes.com time to read: +8 min

The Yankees built a 6-2 lead through six innings with homers by Juan Soto, Austin Wells and Giancarlo Stanton. Then the Yankees went to work again on Clase, and this time escaped Progressive Field with the win. Giancarlo Stanton is built for OctoberThe Yankees had runners on second and third with one out and Stanton in the batter’s box. This was Stanton’s third home run of the ALCS, tied for the second-most home runs in a single ALCS in franchise history. After striking out Fry, José Ramírez’s double to right scored Rocchio to slice the Yankees’ lead to 6-3.

Persons: Tyler Kepner, Chris Kirschner, Brendan Kuty, Zack Meisel CLEVELAND —, Emmanuel Clase, Cleveland Guardians ’, Anthony Rizzo, Anthony Volpe, Alex Verdugo, Gleyber Torres, Clase, Luke Weaver, Tommy Kahnle, Juan Soto, Austin Wells, Giancarlo Stanton, Cleveland’s Bo Naylor, David Fry, Mark Leiter Jr, Leiter, Ian Hamilton, Josh Naylor, Stanton, Cade Smith, Tim Herrin, Rizzo, Smith, Babe Ruth, Aaron Judge, he’s, “, Aaron Boone, Giancarlo Stanton 😤 🎥, h., dou, nin Organizations: New York Yankees, Cleveland Guardians, American League, Yankees, Cleveland, Stanton

☆ China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio
▼ + stars: | 2024-10-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Ray Dalio, billionaire and founder of Bridgewater Associates LP, during a Bloomberg Television interview in New York US, on Wednesday, April 3, 2024. Blue | Bloomberg | Getty ImagesChina must employ a "beautiful deleveraging" in addition to its recent stimulus measures in order to avoid a debt crisis, said Bridgewater Associates founder Ray Dalio at a conference on Friday The billionaire investor defines a "beautiful deleveraging" as a balanced approach to deficits that utilizes debt restructuring along with the printing of money and debt monetization. "That's the real interesting question of China, in terms of how it's approaching its debt issue," Dalio said, speaking at the FutureChina Global Forum in Singapore. Since the end of September, Beijing has announced several waves of stimulus and reform measures aimed at boosting its economy. "I think the changes that are taking place are terrific changes, but you still have to do the debt restructuring," Dalio said.

Persons: Ray Dalio, Victor J, Dalio, That's Organizations: Bridgewater Associates, Bloomberg Television, Blue, Bloomberg, Getty Locations: New York, China, Singapore, Beijing

Sydney’s famous Bondi Beach and other beaches around the Australian city were shut on Thursday as authorities investigated mysterious tar balls that have washed ashore. The dark, sticky, golf-ball-sized blobs were first reported Tuesday on Coogee Beach, leading to a series of beach closures across the city’s shores. The City Council of Randwick, a Sydney suburb that is home to four of the beaches, said preliminary test results showed that the blobs were tar balls, formed when oil comes into contact with debris and water. “We don’t yet know what has happened to produce the debris washing up on our beaches,” Mayor Dylan Parker said in a statement Thursday. The regulator said it was investigating the origin of the debris and whether it posed any risks to the community and environment.

Persons: Bronte, Tamarama, Dylan Parker Organizations: City Council of, ”, Environment Protection Authority Locations: Bondi, Coogee Beach, Gordons, Clovelly, Maroubra Beach, City Council of Randwick, Sydney, New South Wales, Congong, Little Bay, Malabar

☆ Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as "most complicit" in helping corporations underpay corporate income tax. Traffic_analyzer | Digitalvision Vectors | Getty ImagesBritish overseas territories are the world's top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax Justice Network. The British Virgin Islands is the territory "most complicit" in helping multinational corporations underpay corporate income tax, followed by the Cayman Islands and Bermuda, according to the latest update to TJN's Corporate Tax Haven Index earlier this month. TJN estimates that the UK and its British tax havens cost other countries an estimated $84 billion in corporate taxes annually. Defending themselves against the charges made by the advocacy group, spokespersons from some of the governments said they were in full compliance with international tax standards set by the Organisation for Economic Co-operation and Development.

Persons: FCDO, Broad, TJN, pushback Organizations: Tax, Network, Getty Images, Tax Justice Network, Corporate, TJN, CNBC, Switzerland, Organisation for Economic Co, Development, British, Foreign, Commonwealth, Development Office, OECD, CRS, Crown Dependencies, Overseas, BVI Finance, British Virgin Islands, UK Government, United Nations, UN Locations: British Virgin Islands, Cayman Islands, Bermuda, British, Singapore , Hong Kong, Netherlands, United Kingdom, Jersey, Overseas Territories, British Virgin, U.S, Australia, Canada, Israel, Japan, New Zealand, South Korea

☆ Intel faces headwinds in China as trade body calls for security probe
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Intel products sold in China have been recommended for a security review by local officials who allege that the U.S. chipmaker poses "serious risks" to national security. CSAC further accused Intel of using remote management features to surveil users while covertly installing backdoors and of failing to address defects reported by users. Daniel Newman, CEO of The Futurum Group, noted the security review comes amid increased tensions between China and the U.S. in regard to chip controls and AI leadership. China accounted for 27.4% of Intel's revenue in 2023, making it vital to the company's bottom line at a time its stock is struggling following poor earnings and job cuts. However, under U.S. chip policy, the company has been restricted from exporting some of its most advanced products to Chinese clients.

Persons: CSAC, Daniel Newman, Newman Organizations: Intel, Cybersecurity Association of China Locations: China, U.S

☆ America's chipmaking push will continue no matter who gets elected
▼ + stars: | 2024-10-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

US efforts to produce semiconductor chips will continue regardless of who wins the election. AdvertisementNo matter who wins the presidential election this November, President Joe Biden can rest easy knowing one thing: The US's chip manufacturing push isn't going anywhere. The US has seen its share of overall chip production fall from 37% of the world's supply in 1990 to 12%. While many factories remain under construction, the federal funding has already helped boost US chip production. According to a report published last year by the trade and lobbying group Semiconductor Industry Association and Oxford Economics, the US semiconductor industry will face a shortage of 67,000 workers by 2030, including technicians, computer scientists, and engineers.

Persons: Harris, Trump, —, Joe Biden, Biden, Kamala Harris, Donald Trump, Stephen Ezell, Anna Kelly, Kelly, Arizonans, Chris Miller, Mark Muro, Dylan Patel, SemiAnalysis, Ezell, Muro Organizations: Service, Trump, Information Technology, Innovation Foundation, ITIF's Center for Life Sciences, Biden, Republican, Intel, American Enterprise Institute, Brookings Metro, Apple, Nvidia, Democratic, Semiconductor Industry Association, Oxford Economics Locations: Arizona, USA, China, Taiwan

☆ Asia-Pacific markets open higher as Dow reaches new highs; Japan trade misses
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. Asia-Pacific markets opened higher on Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average reach a record close amid a strong start to the earnings season. Japan's exports fell 1.7% in September compared to the same period last year, surprising economists polled by Reuters who expected a 0.5% growth rate. It's the first time that exports contracted this year and was down sharply from a revised growth rate of 5.5% in August. September's import growth came in at 2.1% also missing expectations of economists who expected growth of 3.2%.

Persons: Topix Organizations: Dow Jones, Investors, Nikkei, Reuters Locations: Japan, Asia, Pacific, Australia

☆ ‘We are fed up’: Ballot drop boxes are dividing neighbors in Wisconsin
▼ + stars: | 2024-10-16 | by ( Casey Tolan | Sara Murray | ) edition.cnn.com time to read: +12 min

Still, that’s far lower than the 528 drop boxes that the commission was aware of in 2020. PoolNick Ramos, the executive director of the Wisconsin Democracy Campaign, a voting rights group that has pushed for more drop boxes, said he was discouraged by the number of municipalities that had decided not to use drop boxes this election. “Drop boxes are safe, they are reliable and secure.”Changing legal statusFor years, ballot drop boxes were legal in Wisconsin with little controversy or attention, and in 2020, they became a key tactic for municipalities to encourage safe voting during the coronavirus pandemic. A conservative group filed a lawsuit to ban drop boxes in Wisconsin, and the state Supreme Court’s conservative majority sided with them in 2022, banning drop boxes except ones inside clerks’ offices. In Milwaukee, most drop boxes are in front of libraries, and in Madison, the state capital and a Democratic stronghold, officials decided to locate almost all of their drop boxes in front of fire stations.

Persons: Donald Trump, Dale Schmidt, Trump, Nick Ramos, “ We’re, ” Ramos, “ It’s, Joe Biden, Doug Diny, Diny, ”, “, I’ve, Jeff Mandell, Nancy Stenzel, Robin Vos, Scott Fitzgerald, Vos –, Janet Protasiewicz, Protasiewicz, Dylan Brogan, Schmidt, ” Schmidt, Eric Hovde, “ We’ve, ” Hovde, Catherine Engelbrecht, ” Engelbrecht, Mandell Organizations: CNN, Wisconsin county, “, Trump, Commission, Madison, Wisconsin Democracy, Wausau, Republican, City Hall, Department of Justice, Council, State Assembly, GOP, Democratic, USA, Conservative, US, Washington Post, WIRED Locations: Wisconsin, Dodge County, Milwaukee, Dodge County , Wisconsin, Juneau , Wisconsin, Wausau, ”, Hall, Madison, Kenosha

☆ Apple's Made-in-the-USA chips signal a turnaround for the US' big semiconductor bet
▼ + stars: | 2024-10-16 | by ( Jacob Zinkula | Alistair Barr | ) www.businessinsider.com time to read: +7 min

AdvertisementThe US's efforts to produce more semiconductor chips have encountered some challenges over the past few years, but the tide may be turning. In 2022, President Joe Biden signed the CHIPS Act into law, which included $39 billion in manufacturing incentives for chip production in the US. Last year, TSMC announced that the official opening of its first Arizona fab would be pushed back from 2024 to 2025. TSMC's production of Apple chips is good news for Americans hoping to land jobs in the industry, Patel said. He said he thinks TSMC's production of Apple chips would bode well for the future.

Persons: TSMC, Biden, It's, —, Tim Culpan, Culpan, Tim Cook, Dylan Patel, SemiAnalysis, Mark Muro, Apple, Harris, Joe Biden, Arizona hasn't, it's, Morris Chang, Patel, Muro, bode Organizations: Apple, Service, Brookings Institution, Biden, Management, Workers, Brookings Institute, Semiconductor Industry Association Locations: Arizona, Taiwan, Phoenix

☆ Hong Kong leader announces measures to address housing crisis in annual policy address
▼ + stars: | 2024-10-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024, in Hong Kong. Hong Kong chief executive John Lee announced moves aimed at addressing the city's housing affordability crisis, calling it "an issue of great public concern" in an annual policy address on Wednesday. Under the plan, the Hong Kong Housing Authority will allocate an extra ballot number to applicants aged below 40 — a move that will increase their chances of being selected for the city's subsidized Home Ownership Scheme flats. He also said the government expects to complete about 9,500 new public housing units next year, moving toward a goal of completing about 30,000 units by 2027-2028. The current wait time for a public housing unit in Hong Kong is 5.5 years.

Persons: John Lee Ka, chiu, John Lee, Hong Kongers, Lee Organizations: Legislative, Hong, Hong Kong Housing Authority Locations: Hong Kong, Hong Kong . Hong Kong

☆ Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs
▼ + stars: | 2024-10-15 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The port at Busan, South Korea, in 2020. South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond. Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 Nasdaq Composite reach new record highs. Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month. South Korea's Kospi opened 0.05% higher, while the small-cap Kosdaq was up 0.4%.

Persons: Australia's Organizations: Dow Jones Industrial, Nasdaq, Kospi, Nikkei Locations: Busan, South Korea, Japan, China, Persian Gulf, Asia, Pacific

☆ What 'Saturday Night' gets right and wrong about the late-night sketch comedy show's chaotic first broadcast
▼ + stars: | 2024-10-15 | by ( Olivia Singh | ) www.businessinsider.com time to read: +2 min

Fact: Dan Aykroyd did have relationships and flirtations with multiple "SNL" cast and crew members. Dylan O'Brien as Dan Aykroyd in "Saturday Night." In reality, Shuster and Michaels weren't together by the time "SNL" premiered. Aykroyd shared similar comments, saying that it was "over" between Shuster and Michaels by the time he got involved with her. "They might have been married in name and all that, but he was seeing other people," Aykroyd said of Michaels.

Persons: Dan Aykroyd, Dylan O'Brien, Aykroyd, Laraine Newman, Emily Fairn, Gilda Radner, Ella Hunt, Shuster, Michaels, Lorne, Newman, Danny, Dan, Reitman Organizations: Sony Pictures, SNL, Hollywood Locations: New York, York, City, Canada

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