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AdvertisementThe US once planned an invasion and seizure of Taiwan that would have been as big as D-Day. The CMSI study makes clear that a US invasion of Taiwan in 1945 — or a Chinese invasion today — would be difficult and risky. The objective would be to occupy southern Taiwan and the mainland Chinese port of Xiamen across the Taiwan Strait. US troops suffered 50,000 casualties in two months of hard fighting in the Okinawa invasion. "Taiwanese military officers pay close attention to history, and especially the history of island warfare, urban warfare, and amphibious warfare," said Easton.
Persons: , Ian Easton, Taiwan —, Adm, Ernest King, Douglas MacArthur, MacArthur's, Easton, Michael Peck Organizations: Service, China Maritime Studies Institute, Getty, US Navy, Army, Orange, Marine, US Marine Corps, Japan, Imperial, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Taiwan, Pacific, China, Beijing, Battleship, Tennessee, Okinawa, Japan, Philippines, Normandy, Xiamen, AFP, Forbes
The question for Ukraine is whether Kursk will fare better than Germany's Battle of the Bulge. AdvertisementWhen Ukraine unleashed its Kursk offensive in August, it wasn't just the Russians who were surprised. By massing forces for offensives in eastern Ukraine, this thinned out the rest of the 600-mile front line, including the Kursk region. For example, "Ukraine's military announced the 61st Mechanized Brigade would be moving to Vovchansk, a city in the northern sector of the fighting in eastern Ukraine," said TRADOC. Allied cryptographers had broken high-level German radio codes (the "Ultra" program), but German forces employed radio silence, and orders were conveyed by courier and telephone.
Persons: , TRADOC, Hitler, Oleksandr Syrskyi, wouldn't, Ukraine prepped, Michael Peck Organizations: Service, US, Kremlin, British, Armed Forces of, 61st Mechanized Brigade, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Kursk, Germany, Normandy, Ardennes, Belgium, Armed Forces of Ukraine, Nazi, Moscow, Forbes
SHANGHAI — ByteDance founder Zhang Yiming is China’s richest person, with personal wealth of $49.3 billion, an annual rich list showed Tuesday, although counterparts in real estate and renewables have fared less well. Zhang, 41, who stepped down in 2021 as chief executive of ByteDance, the Beijing-based parent company of TikTok, becomes the 18th individual to be crowned China’s richest person in the 26 years since the Hurun China Rich List was first published. He overtook bottled water magnate Zhong Shanshan, who slipped to second place as his fortune dropped 24%, to $47.9 billion. Despite a legal battle over its U.S. assets, ByteDance’s global revenue grew 30% last year to $110 billion, Hurun said, helping to propel Zhang’s personal fortune. The number of billionaires on the list dropped by 142 to 753, shrinking more than a third from its 2021 peak.
Persons: Zhang Yiming, Zhang, China Rich, Zhong Shanshan, Hurun, Pony Ma, Colin Huang, , Rupert Hoogewerf, Lei, Hoogewerf Organizations: SHANGHAI, ByteDance, PDD Holdings Locations: Beijing, China
According to Hurun's 2024 rich list, China lost 432 billionaires since the high of 1,185 in 2021. Hurun, a private research group that has tracked Chinese billionaires since 1999, said the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753, a decline of 432, or 36% of the total. It comes as some of China's superrich choose to lie low or leave the country, finding covert ways to take their money with them. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher. AdvertisementThat led, among other things, to regulatory crackdowns on tech platform companies and campaigns against China's rich entrepreneurs.
Persons: , crackdowns, China's superrich, Zhang Yiming, Bytedance, Yiming, Zhong Shanshan, Rupert Hoogewerf, Robin Zeng, Li, Kerry Brown, Xi, Jack Ma, Alibaba, Brown, Joel Gallo, China shouldn't, it's Organizations: Service, Reuters, King's College London, Ant Group, & Partners, Bloomberg, New York University Shanghai, Communist Locations: China, Taiwan, Greater China
CNN —China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment group Hurun Inc, which publishes the ranking of the country’s richest people. ByteDance also holds China’s popular news app Toutiao and Douyin, TikTok’s sister app in China. Billionaires on the declineOverall, the number of US-dollar billionaires in China shrank to 753, down 142 from the previous year.
Persons: Zhang Yiming, Zhang’s ascendency, Hurun, TikTok, it’s, , Zhang, Liang Rubo, ByteDance, Zhong Shanshan, Zhong, Ma, Rupert Hoogewerf, Organizations: CNN, Hurun Inc Locations: China, India, Britain, Canada, Australia, Beijing, Hong Kong, Macao, Taiwan
Fast forward to 2024 and Sio could recently be found cutting the ribbon to officially reopen the 96-year-old Hotel Central as its new owner. Hotel Central, formerly named the President Hotel, opened a few years later and became a key feature of the neighborhood. Simon Sio, pictured, grew up across from Macao's Hotel Central. Hotel Central was the first hotel in Macao to install an elevator. Courtesy Lek Hang GroupThe newly renovated Hotel Central has 114 rooms with a retro interior design inspired by the 1920s, 1930s and 1940s.
Persons: , I’d, Ribeiro, Ma Lo, , San Ma Lo, Simon, hasn’t Organizations: CNN, Hang, Avenida, Hotel Central, Macao's Hotel, Central, UNESCO, Hotel, MGM Locations: Macao, , Portuguese, Central, Ma, Hotel, San Ma, China, Barra
ByteDance founder Zhang Yiming for the first time has emerged as China's richest person, according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years. Midea founder He Xiangjian and CATL's CEO Zeng Yuqun took fifth and sixth places on the list. "The Hurun China Rich List has shrunk for an unprecedented third year running, as China's economy and stock markets had a difficult year," said Rupert Hoogewerf, Hurun report chairman and chief researcher. The current rich list predominantly comprises entrepreneurs from the technology, consumer electronics and new energy space, from what used to be dominated by real estate developers, Hoogewerf noted. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," he said.
Persons: Zhang Yiming, Zhong Shanshan, Zhang, Zhong, ByteDance, Hurun, Ma Huateng, Colin Huang, Xiangjian, Zeng Yuqun, Rupert Hoogewerf, Hoogewerf, ByteDance's Zhang, Huang Organizations: Hurun Research Institute, Nongfu, Research Locations: Shanghai, China
Though time is winding down before the music-filled weekend arrives, there are still a few avenues for how to buy Camp Flog Gnaw Carnival 2024 tickets. Organized by Tyler, the Creator, this year marks the 10th Camp Flog Gnaw Carnival, which began in 2012 under the name OFWGKTA/Odd Future Carnival. We’ve got you covered if you’re looking for how to get tickets to the 2024 Camp Flog Gnaw Carnival. Camp Flog Gnaw Carnival 2024 festival scheduleThe 2024 Camp Flog Gnaw Carnival festival is a two-day affair, with the lineup being split between Saturday, November 16, and Sunday, November 17, at Dodger Stadium. Date StubHub Vivid Seats November 17 & 18, 2024 (GA) $516 $600 November 17 & 18, 2024 (VIP) $790 $809 November 17 & 18, 2024 (Super VIP) $1,714 $1,796How to buy tickets for Camp Flog Gnaw Carnival 2024Currently, all original tickets are sold out for Camp Flog Gnaw Carnival 2024.
Persons: Flog, Tyler, Flog Gnaw, Earl Sweatshirt, Schoolboy Q, Andre, Sexyy Redd, Playboi, We’ve, what’s, Bronson, Amelia Moore, Blood, Daniel Caesar, Denzel Curry, Doechii, Genesis, Erykah Badu, Faye Webster, Hana Vu, Jean Dawson, Jordan Ward, Kaytranada, Kenny Mason, Laila, Matt Champion, Mike G, Kel Smith, Omar Apollo, Orion Sun, Playboi Carti, Rio, Rampha, Red, Syd, Tommy Richman, Vince Staples, Wisp, Yves Tumor Organizations: Business, Dodger, Odd, Super, Concrete, Mafia Locations: Angeles, Los Angeles, Raye
U.S. equity futures jumped as investors looked for a batch of megacap technology earnings to keep driving the Nasdaq Composite to new heights this week. Weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as was feared and oil futures were lower in early trading. S&P 500 futures gained 0.4% and Nasdaq 100 futures increased by 0.5%. Both the Dow and S&P snapped a six-week winning streak, but the Nasdaq eked out its seventh positive week in a row. "One thing we expect to see play out is these megacap tech names continuing to reinforce commitment to AI in tech spending broadly," Yung-Yu Ma chief investment officer at BMO Wealth Management, told CNBC.
Persons: Yung, Yu Ma Organizations: Nasdaq, Dow Jones, Dow, Presidential, Microsoft, Meta, Apple, BMO Wealth Management, CNBC Locations: Israel, Iran
The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.
Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City
When Xi Jinping held the first-ever talks in Beijing with a former president of Taiwan, seeking to press the island closer to unification, a bookish-looking official stood out for his ease around China’s leader. While others treated Mr. Xi with stiff formality, the official, Wang Huning, spoke confidently in his presence and sat next to him during the meeting, said Chiu Kun-hsuan, a member of the delegation that accompanied Ma Ying-jeou, the former Taiwanese president. The scene gave a glimpse of one of the most important, yet little understood, relationships in China: between Mr. Xi, the country’s most powerful leader in decades, and Mr. Wang, the ruling Communist Party’s most influential ideological adviser in decades. “He has the top leader’s full trust,” Professor Chiu, an emeritus scholar at National Chengchi University in Taipei, Taiwan’s capital, said of Mr. Wang. “Wang Huning’s influence has been in ideology, but now in China under Xi Jinping, ideology connects everything.”
Persons: Xi Jinping, Wang Huning, Chiu Kun, Ma Ying, Xi, Wang, , Chiu, Mr, “ Wang Organizations: Communist, National Chengchi University Locations: Beijing, Taiwan, China, Taipei, Taiwan’s
A handful of stocks that are on deck to report earnings have historically surpassed Wall Street estimates and seen shares move the day they report. The 24% of S & P 500 companies that have reported quarterly results have so far collectively notched roughly 2% earnings growth. Some of the biggest companies set to report next week include Meta Platforms and Mastercard . The stock typically beats analysts' estimates 80% of the time or more. The stock has averaged a gain of more than 2% the day after each earnings report.
Persons: Mark, Justin Post, Morgan, James Faucette Organizations: Wall, Mastercard, Investment, Facebook, Bank of America, FactSet, Visa, Trimble Inc
AdvertisementInstead, the researchers are looking for the traits in other banana varieties that match a Cavendish's taste and hardiness. ChiquitaThey used information about the bananas' disease resistance, color, yield, and other characteristics as a kind of Lego system, García-Bastidas said. AdvertisementNow that TR4 is spreading, growers and scientists don't want to make the same mistake again of relying on a single banana variety. AdvertisementLi-Jun Ma, a professor of biochemistry at the University of Massachusetts Amherst studying the banana-killing fungi, agrees we shouldn't rely on a single banana variety. Ultimately, Yelloway researchers envision a future where grocery stores offer multiple banana varieties.
Persons: Chiquita, , Cavendish, We're, Peter Stedman, Fernando García, Bastidas, They're, Jeffrey Greenberg, Manuel Rueda The Cavendish, Gros Michel, The Cavendish, Yelloway, Stedman, Li, Jun Ma Organizations: kiwis, Wageningen University & Research, Yelloway Initiative, Chiquita, Universal, Getty, AP, University of Massachusetts Amherst Locations: Netherlands, Philippines, Indonesia, Riohacha, Colombia
Bernstein is bullish on Costco due to its overlooked focus on international growth. Analyst Zhihan Ma initiated coverage with an outperform rating on the Washington-based company. "Despite its expensive valuation, we believe its international growth potential is underappreciated, which can support consistent earnings growth for decades to come," Ma told clients in a Monday note, in which she also called Costco the "highest quality company in our coverage." As the consumer gets increasingly choosy , Ma said Costco is also a preferable play because of its focus on value. Like her, the majority of analysts polled by LSEG have buy ratings on Costco.
Persons: Bernstein, Zhihan Ma, Ma, LSEG Organizations: Costco Locations: Washington
Silver's breakout in absolute terms has the potential to result in relative outperformance versus gold in the weeks ahead. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: Katie Stockton Organizations: CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Solus' Dan Greenhaus, Wealth Enhancement’s Ayako Yoshioka and BMO Wealth’s Yung-Yu MaSolus' Dan Greenhaus, Wealth Enhancement’s Ayako Yoshioka and BMO Wealth’s Yung-Yu Ma, join 'Closing Bell' to discuss markets, plays for the foreseeable volatile stretch and the earnings picture.
Persons: Solus, Dan Greenhaus, Yoshioka, BMO Wealth’s Yung, Yu Ma Solus, Yu Ma Organizations: BMO
The Israeli military reservist returned a different person, traumatized by what he had witnessed in the war against Hamas in the strip, his family told CNN. The Israeli military has said it is providing care for thousands of soldiers who are suffering from PTSD or mental illnesses caused by trauma during the war. Israeli soldiers who fought in the enclave told CNN they witnessed horrors the outside world can never truly comprehend. For many soldiers, the war in Gaza is a fight for Israel’s survival and must be won by any means. There was a “very strong collective attitude” of distrust among Israeli soldiers toward the Palestinians in Gaza, especially at the outset of the war, the medic said.
Persons: Ma’ale, Eliran Mizrahi, , , Jenny Mizrahi, Eliran, Benjamin Netanyahu’s “, Mizrahi, Bulldozing, ’ Mizrahi, Jenny, ” Jenny, Shir, Omar Al, ” Guy Zaken, ” Zaken, Zaken, Bregman, Abdel Kareem Hana, Uzi Bechor, ” Bechor, didn’t, ” Bregman, Beit, Amir Levy, Netanyahu, Joe Biden Organizations: Tel, CNN, Hamas, Israel Defense Forces, United Nations, IDF, West Bank, Getty, UN, Israel’s, King’s College London, Haaretz, International Association for Suicide Prevention, Befrienders, Israel Democracy Institute Locations: Tel Aviv, Gaza, Israel, Jerusalem, Lebanon, Shejaiya, Gaza City, AFP, Deir al, Balah, Beit Jann
Russian artillery depends on a complex supply chain vulnerable to sanctions, defense experts say. Each company has its own supply chain of subcontractors, such as factories that make special steel. Current Western sanctions tend to be too broad and sporadic to cripple Russian defense production. A better approach would be a mixture of economic sanctions and diplomatic pressure focused on Russia's artillery supply chain, concluded the report. AdvertisementNonetheless, sanctions might ultimately prove to be a more effective approach than trying to destroy Russian artillery in combat.
Persons: , Charly TRIBALLEAU, RUSI, NIMI Bakhirev, Reich, Michael Peck Organizations: Service, Royal United Services Institute, Scranton Army, Plant, Getty, Burevestnik Research, NATO, Allied, Germany, Central, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Donetsk, British, Soviet, Scranton, Pennsylvania, AFP, China, Germany, South Korea, Italy, Japan, Taiwan, Yekaterinburg, Volgograd, Perm, Nizhny Novgorod, Uzbekistan, Kazakhstan, Kazakh, Turkey, Forbes
TUCSON, Ariz. — Former President Barack Obama on Friday contrasted former President Donald Trump’s character to that of the late Sen. John McCain during a packed rally at the University of Arizona. “Being here in Tucson, I’m thinking about my friend, John McCain,” said Obama, speaking to several thousand Arizonans. “It required one more vote to keep it intact, and that vote was the late, great John McCain,” Harris said in the Phoenix suburb. “A great American, a war hero: John McCain. “Thanks to John McCain, he didn’t do it,” he added to thunderous applause.
Persons: , Barack Obama, Donald Trump’s, Sen, John McCain, Obama, McCain, Harris, Walz, , ” Obama, didn’t, Emmanuel Dunand, he's, Trump, , Donald Trump, McCains, “ He’s, , ” Trump, Bill Clinton, “ McCain, Kamala Harris, ” Harris, I’ll, “ Donald Trump Organizations: University of Arizona, White House, Democratic, Hofstra University, Getty, Senate, Arizona, Republican, “ McCain Republicans, McCain, Affordable Locations: TUCSON, Ariz, Tucson, Hempstead, N.Y, AFP, Lakeville , Minnesota, Vietnam, Ames , Iowa, Arizona, Chandler , Arizona, Phoenix, ,
United Airlines did not mention the cost of July's CrowdStrike IT outage in its earnings report. United executives took a subtle jab at Delta by highlighting their "no excuses" philosophy. "Healthy businesses don't make excuses about CrowdStrike, don't make excuses about weather," CFO Mike Leskinen said on the company's Wednesday earnings call. 'No excuses' is at the core of United's philosophyCEO Scott Kirby said United's "no excuses" ideology stems from his days as a cadet at the United States Air Force Academy. Related stories"The best thing I learned was 'no excuses, ma'am, no excuses, sir,'" Kirby said on the call.
Persons: , Mike Leskinen, It's, United's, Scott Kirby, Kirby, United Organizations: Airlines, United, Service, United Airlines, Delta Air Lines, United States Air Force Academy Locations: Crowdstrike, Texas, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket momentum poised to continue through year end, says BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management CIO, joins CNBC's 'Money Movers' to discuss market outlooks, where to find value, and more.
Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: BMO Wealth Management
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: Lockheed Martin, Katie Stockton Organizations: Boeing, Aerospace, Defense, U.S . Aerospace, Defense ETF, ITA, GE Aerospace, Lockheed, RTX Corp, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S, uptrends
But after launching hundreds of ballistic missiles at Israel in two separate barrages, what has Iran to show for it? The October strike by 180 ballistic missiles saw a higher percentage of rockets penetrate defenses. All of which raises a question: is the danger of ballistic missiles overhyped? In 2015, Iranian-backed Houthi rebels in Yemen began a bombardment campaign against Saudi Arabia that included ballistic missiles. Ilia Yefimovich/picture alliance via Getty ImagesIt is not that conventional ballistic missiles aren't lethal, especially the modern versions.
Persons: , Hitler, Ilia Yefimovich, doesn't, Michael Peck Organizations: Service, Israeli Air Force, Soviet Union, British, Fortress, Getty, Minuteman, Soviet, Patriot, Aegis, Allied, South, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Israel, Ukraine, Iran, Britain, Jordan, Nazi Germany, Western Europe, British Lancaster, Iraq, Iranian, Yemen, Saudi Arabia, America, Russia, Nodong, Tehran, Europe, Berlin, North Vietnam, South Vietnam, Lebanon, Gaza, Forbes
China's CSI 300 index has gained about 25% since the stimulus measures were announced. That would depend on whether the measures announced will likely target China's stock market or the real economy. Even if China's economy improves and its stock market soars, experts suggest it's unlikely to hurt the Indian equity market's growth outlook over the long term. For now, a strong and rapidly growing economy, as well as a "resilient" domestic investor base, continue to be significant drivers of Indian stock markets, according to Wall Street's observers. "The Indian market has numerous positive domestic drivers which underpin our overweight recommendation," Morgan Stanley's Jonathan Garner said in a note to clients this week.
Persons: India's, Chris Ma, Berstein's Rupal Agarwal, David Aserkoff, Aserkoff, Morgan Stanley's, Wall, Morgan, Jonathan Garner, Michael Bloom Organizations: CSI, Beijing, Citi, Central Locations: China, India, Asia, Eastern Europe, Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch retail investors during this leg of the China market rally: CIOWilliam Ma of GROW Investment Group says the market sentiment in China is good and that in the short term the rally will continue to be driven by price and sentiment.
Persons: William Ma Organizations: Watch Locations: China
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