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☆ Ukraine's surprise invasion of Russia hasn't taken the pressure off the most dire front-line battles
▼ + stars: | 2024-09-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Ukraine's Commander-in-Chief Oleksandr Syrskyi stated last week that an objective of the Kursk invasion was to redirect Russian forces away from the Pokrovsk direction. But the Kursk invasion has limited the number of troops available for reinforcement. KIRILL CHUBOTIN/Ukrinform/Future Publishing via Getty ImagesGeorge Barros, the geospatial-intelligence team lead and a Russia analyst at ISW, said that the Kursk invasion underscores how Moscow left a major portion of its international border undefended. Even though the Kursk invasion may not be forcing Russia to redirect front-line forces from Pokrovsk, that campaign will eventually culminate. These efforts have intensified since the start of the Kursk invasion.

Persons: —, Ukraine's, Oleksandr Syrskyi, Tatarigami, Diego Herrera Carcedo, Putin, Volodymyr Zelenskyy, KIRILL CHUBOTIN, George Barros, Vladimir Putin, Barros, REUTERS Barros Organizations: Service, Kyiv, Business, AP, Institute for, Getty, Ukraine, Publishing, REUTERS Locations: Russia, Moscow, Kursk, Ukraine, Kyiv, Russia's, Ukrainian, Sudzha, Russia's Kursk, Pokrovsk, Anadolu, Russian, Korenevo

☆ Russian sailors are practicing flying drones in swings so they can hunt Ukraine's exploding drone boats from warships on the waves
▼ + stars: | 2024-08-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The channel said drones are in "great demand" among sailors and can "effectively combat" naval drones. A more cost-effective solution for Russia to defeat Ukrainian drones could be to use its own drones. Russia can use the FPV drones for a range of missions, including intelligence, surveillance, target acquisition, and reconnaissance purposes, in addition to threat elimination. AdvertisementUsing swings to mimic the motion of waves in adverse weather is a relatively new aspect of this training, Bendett said. Little is known about Russia's naval drone program, but these systems will likely be used beyond training scenarios.

Persons: —, WivAYjES2s, ILkFbR1VI5 — Samuel Bendett, Samuel Bendett, Bendett, it's, Pavlo Bahmut Organizations: Service, Business, Zvezda, Black, Fleet, Ukrainian, Center for Naval Analyses, Ukraine's Security Service, AP, Magura, Publishing, Getty Locations: Russia, Gulf of Finland, Russian, Ukraine, Crimean, Moscow, Ukrainian, Kyiv

☆ China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
▼ + stars: | 2024-08-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Comparable store sales, a key measure for the restaurant industry, were down 14% in its most recent quarter. Sales slumpStarbucks' comparable store sales in China have been incredibly volatile over the past five years. But in recent months, they've been hit by cautious consumer spending and increased competition, then-CEO Laxman Narasimhan told investors in July. Luckin Coffee, Starbucks' biggest rival in China, has nearly three times as many stores as Starbucks in the country after monumental unit growth. "We're not interested in entering the price war," Starbucks China CEO Belinda Wong told investors in January.

Persons: —, Brian Niccol, they've, Laxman Narasimhan, Narasimhan, Sherri, Kearney, Luckin, McCafe, KFC's, Dave Xie, Oliver Wyman, Xie, latte, We're, Belinda Wong, Wong, it's, Brian Yarbrough, Edward Jones, Liu Ying Organizations: Service, Starbucks, Business, Bank of America, Bloomberg, Publishing, Getty, Reuters Locations: China, Beijing, Shanghai, Seattle, Luckin, Cotti, Xinhua

☆ Startup using blockchain to prevent copyright theft by AI is valued over $2 billion after fresh funding
▼ + stars: | 2024-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place. The round values the two-year-old company at $2.25 billion, sources familiar with the matter told CNBC. Fighting AI copyright theftStory is now trying to tackle a timely problem with its tech — theft of copyrighted media on the internet by powerful generative AI models like OpenAI's ChatGPT. But the data that goes into fueling these AI models is often from sources where there's copyright restrictions in place.

Persons: Story, Andreessen Horowitz, Polychain, Smart, Story's, Lee, it's, Dolce Organizations: Getty, San, CNBC, Balmain, Gabbana, Brands, New York Times, Microsoft, Times, Big Locations: Francisco

☆ From 'the greatest salesman' to 'very honorable': Trump changes tack on Ukraine's president
▼ + stars: | 2024-08-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky looks on during a meeting in New York on September 25, 2019, on the sidelines of the United Nations General Assembly. Saul Loeb | Afp | Getty ImagesPresident of Ukraine Volodymyr Zelenskyy in Kyiv, capital of Ukraine, on July 23, 2019. Trump corrected himself, MSNBC reported at the time, saying that he "likes" Zelenskyy — before returning to his critique of the Ukrainian leader. Republican presidential nominee, former U.S. President Donald Trump speaks at a rally at the Brick Breeden Fieldhouse at Montana State University on August 9, 2024 in Bozeman, Montana. Michael Ciaglo | Getty Images News | Getty ImagesReferring to the war in Ukraine, Trump concluded that he'd "settle" the crisis during his post-election presidential period.

Persons: Donald Trump, Volodymyr Zelensky, Saul Loeb, Ukraine Volodymyr Zelenskyy, Hennadii, Trump, Zelenskyy, that's, Michael Ciaglo, Kamala Harris Organizations: Ukrainian, United Nations General Assembly, Afp, Getty, Green, Deal, White, Republicans, Democrats, MSNBC, Republican, Montana State University, House, Democratic, Trump, New York Times, Siena College, U.S, Democratic Party, Military Command, State Border Guard Service, Military, Anadolu Locations: New York, Ukraine, Kyiv, Russia, U.S, Bozeman , Montana, Volyn, Zhytomyr, Rivne, Chernihiv, Volyn Oblast

☆ China's bond market is rattled as central bank squares off with bond bulls
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +4 min

A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.

Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia

☆ One Ukrainian journalist’s mission to stop Russian and Belarusian athletes competing at the Paris Olympics
▼ + stars: | 2024-08-04 | by ( Svitlana Vlasova | ) edition.cnn.com time to read: +14 min

Journalist Artem Khudolieiev was another Ukrainian who felt passionately that Russian and Belarusian athletes shouldn’t be allowed to compete at the Paris Olympics for having openly supported the war in Ukraine. As a result, he started checking the social media output of Russian and Belarusian athletes as well as watching videos of various events held in the two countries. There are those who also sympathize with Russian athletes,” Vadym Gutzeit, head of the Ukrainian National Olympic Committee, said in an interview with CNN. We have nothing further to add.”The Russian Olympic Federation did not respond to CNN’s request for comment regarding Larin and Khramtsov. “The Russian Judo Federation condemns the unsportsmanlike method of qualification, which is geared to undermine the principles of unity of our team and break the spirit of Russian athletes,” said Soloveichik.

Persons: Elina Svitolina, Wladimir Klitschko, Artem Khudolieiev, shouldn’t, ” Khudolieiev, Svitlana Vlasova, CNN “, ”, Khudolieiev, “, ” Vadym Gutzeit, let’s, ” Vladislav Larin –, –, Larin, Maxim Khramtsov, Khramtsov, Putin, Viacheslav, ” Gutzeit, Sergey Soloveichik Organizations: CNN —, Paris Olympics, CNN, Ukraine, Olympic Committee, Olympic Games, Watchers Media, National Olympic Committee, Ministry of Sport, Olympics, Ukrainian National Olympic Committee, Russian, Tokyo, Khudolieiev, Olympic, World Taekwondo, Swiss Foundation for Mine, Publishing, IOC, Russian Olympic Federation, “ Posts, International, Russian Federation, Military Games, Russian Judo Federation Locations: Ukrainian, Ukraine, Russia, Belarus, Russian, Kharkiv, “, Belarusian, AIN, Paris

☆ Here are 3 smart crypto tax moves to consider — whether prices go up or down
▼ + stars: | 2024-07-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Weigh 'tax gain harvesting'Despite recent dips, many long-time crypto investors could have significant gains. Long-term capital gains rates apply to assets owned for more than one year. Of course, you'll need to weigh the tax consequences of boosting your adjusted gross income with crypto gains, which can impact other tax breaks. Consider the crypto wash sale 'loophole'If you're sitting on crypto losses, you could consider tax-loss harvesting, which allows you to offset other investing profits. Although tax-loss harvesting often happens at year-end, it's better to harvest crypto losses over time because "those losses may no longer exist" by year-end, Gordon explained.

Persons: bitcoin, Andrew Gordon, Adam Markowitz, Gordon Organizations: Getty, Gordon Law Group, Luminary, IRS Locations: Windermere , Florida

☆ UK: Assisted dying bill introduced in House of Lords
▼ + stars: | 2024-07-26 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

London CNN —An emotional, accelerating campaign to allow assisted dying for terminally ill adults in Britain has reached parliament, with activists hoping the country will become one of few to legalize the process. Opponents of legalization have argued that those small figures represent a limited appetite for assisted dying in the UK, but there are other pressures at play too. But some among the country’s lawmakers, who will ultimately decide the fate of the assisted dying law, say there is more to consider. For Starmer, the assisted dying bill has the potential to disrupt those intentions. But legalizing assisted dying wasn’t in Labour’s manifesto or in its King’s Speech, limiting the opportunities for it to ever reach MPs.

Persons: Bill, “ I’ve, ” Charlie Falconer, ”, Ellie Ball, Alistair Thompson, Falconer, Esther Rantzen, Wiktor, Rantzen, ” Rantzen, Paola Marra, “, Rachael Maskell, ” Maskell, Marieke Vervoort, CNN “ I’ve, Keir Starmer, –, wouldn’t, wasn’t, ” Falconer Organizations: London CNN, Labour, CNN, Publishing, BBC, Health, Social Care, Labour Party Locations: Britain, Canada, Australia, Switzerland, Netherlands, Germany, Italy, Spain, Portugal, United Kingdom, Oregon, England, Wales, Westminster, Dignitas

☆ Britain's Labour faces an uphill battle as it looks to rein in AI's key players
▼ + stars: | 2024-07-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

By taking aim at the most powerful AI models, Labour would impose tighter restrictions on companies such as OpenAI, Microsoft , Google , Amazon , and AI startups including Anthropic, Cohere and Mistral. Matthew Houlihan, senior director of government affairs at Cisco, said any AI rules would need to be "centered on a thoughtful, risk-based approach." Even so, a U.K. AI law would be a step above the U.S., which currently doesn't have federal AI legislation of any kind. Sirion's Liu said one thing he's hoping the government doesn't do, is restrict open-source AI models. Herman Narula, CEO of metaverse venture builder Improbable, agreed that restricting open-source AI innovation would be a bad idea.

Persons: Keir Starmer's, King Charles III, doesn't, Starmer's, Matt Calkins, Appian, Lewis Liu, Liu, Rishi Sunak, Peter Kyle, Kyle, Zahra Bahrololoumi, Matthew Houlihan, Bill, Chris Holmes, Holmes, Matthew Holman, Cripps, Holman, Sirion's Liu, Herman Narula, Narula Organizations: Future Publishing, Labour, European Union, Microsoft, Google, CNBC, Conservative, BBC, AI Safety Institute, Cisco, Authority, EU, AI Safety, Tech, London Tech Week Locations: Jiangsu province, China, Ireland, Salesforce, U.S

☆ 9 foods that can boost your brain health — and don't cost more than $1 per serving
▼ + stars: | 2024-07-19 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

"Lifestyle has the most profound effect on brain health, more than anybody could imagine." "We think that if you take care of brain health, you've taken care of all health," he said. 9 evidence-backed foods for brain healthGreensSpinach, kale, "the darker the better," Sherzai said. But since a serving of berries is only half a cup, you can still probably squeeze in a serving for $1 or less. AdvertisementHerbs and spicesShutterstockCost: penniesEvidence: There are various reasons that seasonings can boost cognitive health.

Persons: —, Ayesha, Dean Sherzai, Sherzai, krblokhin, Brent Hofacker, chia Organizations: Service, Business, Publishing, Getty Locations: Chicago, chard, Brussels

☆ Ukraine is cranking out lots of homemade weapons but needs more of a key ingredient, defense industry official says
▼ + stars: | 2024-07-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewUkraine is rapidly producing a variety of homemade weapons as its defense industry aims to meet the needs and demands of soldiers fighting on the front lines. But a senior official says Kyiv still needs more of a key ingredient to keep the arms flowing. Now, the country is cranking out its own drones, artillery, missiles, and more at a breakneck pace to supplement this inventory. Kamyshin said Ukraine will always be reliant on Western support because there's no one country that can outproduce Russia right now. Meanwhile, Ukraine is taking greater steps to further integrate its domestic defense industry with those of NATO and the European Union.

Persons: —, Oleksandr Kamyshin, We've, Kmayshin, Paula Bronstein, Kamyshin, Pavlo Bahmut Organizations: Service, Business, NATO, Publishing, Getty Images, Neptune, Fleet, European Union Locations: Ukraine, Washington, Kyiv, Russia, North Korea, Iran, Moscow, Soviet, Ukrainian, Getty Images Ukraine, Russian, NATO, Western, Soviet Union, Europe

☆ China's imports unexpectedly drop in June, but exports beat forecasts
▼ + stars: | 2024-07-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Cfoto | Future Publishing | Getty ImagesBEIJING — China's imports fell in June, missing expectations for slight growth, while exports rose more than expected, customs data released Friday showed. China's imports fell by 2.3% in June from a year ago in U.S. dollar terms. Those figures lifted year-to-date imports by 2%, and exports by 3.6% in the first six months compared with the same period a year earlier. watch nowEU's trade with China fell in the first six months of 2024, with imports and exports both declining. China's trade with the U.S. was down slightly in dollar terms during the first half of the year, as imports from the U.S. fell 4.9%, though exports rose 1.5%.

Organizations: Getty, BEIJING, U.S ., Association of Southeast Asian Nations, European Union, U.S Locations: Qingdao, Shangdong, China, U.S, Brazil

☆ Russia rebuilt its war machine 'faster than we expected' and is now cranking out artillery shells at a breakneck pace, NATO defense official says
▼ + stars: | 2024-07-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewRussia has successfully rebuilt its "war-stage" economy much faster than expected, and it is now cranking out far more artillery ammunition than it was prior to the beginning of the Ukraine war, a NATO defense chief said Tuesday. Before Russia's full-scale invasion of Ukraine in February 2022, Moscow was producing up to 400,000 152mm rounds per year. But that figure has since swelled to 2 million rounds annually, according to Laurynas Kasčiūnas, Lithuania's minister of national defense. Russian Defense Ministry Press Service via APDespite international efforts to inflict economic pain on Russia over its war, through actions like sanctions, Kasčiūnas said Moscow's "war-stage economy" has recovered "faster than we expected." Dmytro Smolienko / Ukrinform/Future Publishing via Getty ImagesKasčiūnas delivered his remarks alongside Estonian Defense Minister Hanno Pevkur and Latvian Defense Minister Andris Sprūds.

Persons: —, Laurynas, Kasčiūnas, Vladimir Putin, Putin, Dmytro Smolienko, Hanno Pevkur, Andris Sprūds Organizations: Service, NATO, Business, POLITICO, Russian Defense Ministry Press Service, —, Publishing, Getty, Estonian Defense, Latvian Defense Locations: Russia, Ukraine, Moscow, Soviet, Washington ,, Europe, Zaporizhzhia Region, Baltic

☆ Jim Cramer doesn't want Amazon broken up into smaller companies — here's why
▼ + stars: | 2024-07-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

"I don't want it broken up," Jim Cramer said Tuesday during the Club's Morning Meeting . The Jefferies analysts used their SOTP to justify raising their Amazon price target to $235 per share from $225. They think AWS accounts for $96 of the new PT, with advertising at $68. Amazon also gathers data from shipping logistics, Alexa requests, and even home security given its ownership of the Ring and Blink camera companies. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jefferies, Jim Cramer's, Jim Organizations: Big Tech, Services, EV, Subscription, Jefferies, AWS, Investors, Amazon Music, Amazon, Foods, CNBC, Future Publishing Locations: Washington

☆ The German government owns around $2 billion in bitcoin — and it's freaking out crypto investors
▼ + stars: | 2024-07-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Last month, the German government began selling bitcoin from a wallet operated by the country's Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. Bitcoin price reactionIn tandem with these sales, bitcoin has seen its price fall dramatically. At one point in the day, the entire crypto market had shed more than $170 billion in combined market capitalization in a 24-hour period, CoinGecko's data showed. Germany's bitcoin sales aren't the only concern for crypto investors.

Persons: Bitcoin, it's, wasn't, bitcoin, —, Nobuaki Kobayashi, James Butterfill, CoinShares, Germany's BKA, Joana Cotar, Cotar, Olaf Scholz, Christian Lindner, Michael Kretschmer, she's, Samson Mow Organizations: Federal Criminal Police, Arkham Intelligence, CNBC, Saxony, Federal Criminal Police Office, German Bundestag Locations: Gox, bitcoin, Germany, Saxony, Federal Republic of Germany, German, Berlin

☆ Chinese millennials and Gen Zers have had enough of work, so they're embracing 'naked resignations'
▼ + stars: | 2024-07-06 | by ( Alexandra Bacon | Cheryl Teh | ) www.businessinsider.com time to read: +9 min

Advertisement'Naked resignation'One popular phrase on Chinese social media is "两点一线," which translates to "two points, one line." And discussion is rife on Chinese social media about 裸辞 — a term that translates, quite literally, to "naked resignation." Examples seen in BI's search of the keyword included "how much to save before naked resignation," "three things to consider before naked resignation," and "20 jobs to try after naked resignation." Advertisement"There are articles on Chinese social media criticizing gap years," she said, "arguing that it is a Western concept that does not adapt well to Chinese society." "There's a popular internet buzzword among Chinese young people, "Gai溜子," which can be roughly translated to "drifter" on the street," Lim added.

Persons: —, Jack Porteous, Tong, Porteous, aren't, Laurence Lim, Sally Maier, Yip, Qilai Shen, Lim, It's, Jack Ma, Qu Jing, Jenny Chan, Gen, Gai 溜 Organizations: Service, Business, Tong Global, Twitter, Publishing, Getty, Cherry, Consulting, Pictures, National Bureau of Statistics, Baidu, Hong Kong Polytechnic University Locations: China, Weibo, Xiaohongshu, Europe

☆ Stocks making the biggest moves midday: Macy's, MicroStrategy, Coinbase, Nvidia and more
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. Crypto stocks — Stocks tied to the cryptocurrency plummeted after the trustee for the now defunct Mt. SoftBank Group , Arm Holdings — U.S. shares of SoftBank rose 5.5% after Japanese shares hit their first record high in 24 years on Thursday. Teck Resources — The stock rose more than 2% after Bloomberg reported Thursday that Canada had approved Glencore's $6.9 billion acquisition of Teck's metallurgical coal business.

Persons: Macy's, Stocks, Energy, CleanSpark, Masayoshi, SoftBank, Nio, Zeekr, Li, Emmanuel Papadakis, Teck, Alex Harring, Jesse Pound Organizations: Nvidia, New, Research, Street Journal, Arkhouse Management, Brigade Capital Management, Marathon, SoftBank, Arm Holdings —, Reuters, Francisco Partners, KKR, —, European Union, Li Auto, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Bloomberg, Getty Locations: SoftBank, Europe, Novo, Teck

☆ Nvidia, Apple, other tech giants flash weakness. Here are buy levels to consider as entry points
▼ + stars: | 2024-06-26 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Apple and Alphabet pulled back to the support levels we highlighted and have since rallied strongly. As we can see, $400 served as a key support level three times early this year (the second black horizontal line). Here, we are again applying the polarity principle and using prior resistance as the new support level. We see that $166 has proven a key support level (the top black horizontal line) ever since that post-earnings breakout. Nvidia Potential entry points: $120, $110, and $100 Just below Tuesday's close, around $120, that's a battleground level (the top black horizontal line).

Persons: It's, we've, We're, it's, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Nvidia, Microsoft, Amazon, Big Tech, Club, Apple Intelligence, Developers, CNBC, NVIDIA, Publishing, Getty Locations: HANGZHOU, CHINA, Hangzhou city, Zhejiang province, China

☆ China’s deadly flooding moves north prompting top rainstorm alert
▼ + stars: | 2024-06-25 | by ( Lex Harvey | Fred He | ) edition.cnn.com time to read: +4 min

The region has been battered by heavy rainfall over the last week, causing deadly flooding and landslides that have killed at least 71 people, according to Chinese state media. Southern Guangdong province, an economic powerhouse home to 127 million people, is subject to annual flooding from April to September. Floodwaters immerse a rural road in Chongzuo, southern China, on June 23, 2024. An excavator works at the site of a landslide in Guizhou province, China on June 24, 2024. Local rivers rose a record 4.59 meters (15 feet), according to Chinese state broadcaster CGTN.

Persons: VCG, John Ricky, Xi Jinping Organizations: Hong Kong CNN, Publishing, China’s Meteorological Administration, Flood, Drought Relief, CGTN, Emergency, Reuters, Getty, CCTV Locations: Hong Kong, China, Southern Guangdong province, Guangdong, Hunan, Chongzuo, Chongqing province, Zhejiang, Hubei, Anhui, China’s, Jiangxi, Guizhou province, Changsha, Local, –, Meizhou, Guangdong province, Yuanlin county, Taoyuan county

☆ U.S. is closer to curbing investments in China's AI, tech sector
▼ + stars: | 2024-06-22 | by ( ) www.cnbc.com time to read: +4 min

Public comments on the proposed rules will be accepted until Aug. 4. watch nowTreasury said the new rules were intended to implement "a narrow and targeted national security program" focused on certain outbound investments in countries of concern. Treasury had mapped out the contours of the proposed rules in August. Certain third-country transactions determined to be addressing national security concerns, or in which the third country adequately addressed the national security concerns, could also be exempted, Treasury said. "U.S. investors will need to engage in more extensive due diligence when making investments in China or investments involving Chinese companies that operate in the covered sectors," she said.

Persons: Joe Biden, Investment Security Paul Rosen, Laura Black, Akin Gump, Black, Treasury's Organizations: U.S . Treasury Department, Investment Security, Treasury, Treasury Department, U.S Locations: Europe, United States, Binzhou, East China's Shandong province, China, U.S, Macao, Hong Kong, Washington

☆ China has spent at least $230 billion to build its EV industry, new study finds
▼ + stars: | 2024-06-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — China spent $230.8 billion over more than a decade to develop its electric car industry, according to analysis published Thursday by the U.S.-based Center for Strategic and International Studies. Last month, the U.S. announced it was raising duties on imports of Chinese electric vehicles to 100%. There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough. But he also noted that the U.S. has not created conditions that are as attractive as China's for developing its own electric car industry. "There are some exceptions, but in general Western automakers and governments have dilly dallied and not been aggressive enough," he said.

Persons: Scott Kennedy, Kennedy, Tesla Organizations: Workers, SAIC, GM, Future Publishing, Getty, Strategic, International Studies, CSIS, U.S, Ministry of Finance, Bank of America, Western, EV Locations: Qingdao, Shandong, BEIJING, China, U.S

Workers at the construction site of resettlement housing in Huai 'an city, Jiangsu province, China, June 17, 2024. Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets started the day mixed as investors awaited China's one- and five-year loan prime rates. The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages. The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%. Japan's Nikkei 225 and the broad-based Topix started the day with losses of 0.28% and 0.12%, respectively.

Persons: Huai, LPR, Korea's Kospi, Topix, Australia's Organizations: Getty, People's Bank of China, Nikkei, Reuters Locations: Jiangsu province, China, Asia, Pacific

☆ Ukraine isn't 'one system away from some massive breakthrough,' but there are things it can't get enough of, White House official says
▼ + stars: | 2024-06-06 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Read previewDeputy National Security Advisor Jonathan Finer said there isn't a specific single weapon Ukraine needs to defeat Russia. Instead, Ukraine needs a consistent flow of certain capabilities. Finer said that he wishes the US could provide Ukraine with an endless supply of artillery and air defense weaponry, which Ukraine needs most. AdvertisementIn May, the consulting firm Bain & Company found that Russia is producing artillery shells three times faster than Ukraine's NATO partners for less, and it is expected to refurbish or produce as many as 4.5 million artillery shells this year. US veterans who have fought in Ukraine have also said the same thing in the past, especially as Ukraine grappled with debilitating ammo shortages.

Persons: —, Jonathan, Dmytro Smolienko Organizations: Service, New American Security, Business, Bain & Company, NATO, Armed Forces, American, Publishing, Getty, CNN, Abrams Locations: Ukraine, Russia, Europe, Russian, Kyiv

☆ Amazon is winning the biggest dollar share of new retail spending — and by a lot
▼ + stars: | 2024-05-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Amazon is winning the biggest dollar share of new retail spending — both online and brick-and-mortar — and it's not even close. AMZN YTD mountain AMZN stock performance year-to-date. Morgan Stanley said Walmart 's performance this year is "not too shabby" but a distant second to Amazon. Amazon has been benefitting from the consumer's continued shift to buying stuff online, a trend that should benefit AMZN stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: it's, Morgan Stanley, Zev Fima, Amazon's, We've, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Walmart, Management, Deal, CNBC, Getty Locations: America

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