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☆ China says it is beefing up efforts with U.S. to combat smuggling
▼ + stars: | 2024-10-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

HONG KONG — China is strengthening enforcement with nations such as the United States to combat smuggling and other serious crimes, state media reported Friday, citing the country’s National Immigration Administration. Smugglers and cross-border criminal groups at home and abroad have recently been “deceiving some people to participate in smuggling activities,” the administration said, without giving a specific time period or clarifying whether the smuggling involved goods, people or both. The United States has this year deported Chinese people who sought to enter the country illegally back to China with charter flights. The difficulty of obtaining U.S. visas and the economic aftershocks of China’s Covid-19 lockdowns led to a sharp increase in Chinese nationals presenting at the U.S.-Mexico border. That is more than the 52,700 who crossed in the entire 2023 fiscal year that ended in October.

Persons: lockdowns Organizations: Immigration Administration, United Locations: HONG KONG — China, United States, China, U.S, Mexico, Canada

☆ China reports better-than-expected retail sales and industrial production data
▼ + stars: | 2024-10-18 | by ( Christine Wang | In Christinejwang | ) www.cnbc.com time to read: +1 min

China on Friday reported better-than-expected retail sales and industrial production for September. Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Meanwhile, industrial production expanded 5.4% in September from a year ago, more than the 4.5% expected by analysts. He noted that year-to-date retail sales data showed "cautious sentiment among consumers." From January to September, retail sales grew 3.35%, nearly same as the growth reported for January through August at 3.36%.

Persons: Gary Ng, Ng, —, Bao Organizations: Costco, National Bureau of Statistics, Natixis, Investors Locations: Nanjing, Jiangsu Province, China . China, China, Beijing, Covid

☆ Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
▼ + stars: | 2024-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company reported flat volume for the quarter. The metric excludes pricing, which makes it a more accurate reflection of demand than sales. The company called out volume declines in China for both its hair care and oral care segments. Both P&G's health care and baby, feminine and family care divisions both reported 1% declines in volume for the quarter.

Persons: Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, SK, Gillette, Venus Locations: China, U.S, Greater China

In yet another incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point. As China’s economy grapples with a raft of setbacks, from a protracted property crisis to a lack of consumer spending, delivery workers are taking a beating. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.

Persons: “, ”, Jenny Chan, Chan, they’ve, Greg Baker, Morningstar, Alibaba, ’, Lu Sihang, Lu, China’s, Gary Ng, ” Ng, Pedro Pardo, Workers.cn, Yang, Justin Robertson Organizations: Hong Kong CNN, Polytechnic University of Hong, Getty, iiMedia Research, CNN, China New Employment Research Center, Research, China Labour Bulletin, Polytechnic University, Global Times, Chongqing Broadcasting Group Locations: Beijing, Hong Kong, China, Polytechnic University of Hong Kong, AFP, Chinese, Hunan

☆ Consumers are in for some relief: Lower energy prices are on the way
▼ + stars: | 2024-10-16 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

London CNN —For consumers still scarred by jumps in their energy bills in recent years, the International Energy Agency has good news: Oil and natural gas prices will probably be lower over the next five years. Energy prices soared in the wake of Russia’s full-scale invasion of Ukraine in February 2022, which followed a rise in global demand as economies reopened after Covid lockdowns put lives on hold. And that “would move us into a very different energy world from the one we have experienced in recent years during the global energy crisis,” he added in a statement accompanying the IEA’s latest World Energy Outlook report. But global oil output has been increasing, thanks mostly to producers in the United States and other countries in the Americas. The energy body reiterated its previous forecasts that demand for oil, natural gas and coal will peak by the end of the decade.

Persons: Covid lockdowns, Ukraine don’t, Fatih Birol, Birol, ” Birol, “ Organizations: London CNN, International Energy Agency, Energy, Brent, IEA, US, CNN, ” Locations: Ukraine, United States, Americas, Qatar

☆ It looks like the glory days of luxury are over for LVMH, at least for now
▼ + stars: | 2024-10-16 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

LVMH reported a 3% decline in sales in its most recent quarter. The drop is driven by decreased demand from Chinese consumers, affecting luxury sales. AdvertisementFrench luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year decline in sales in its most recent quarter. On Wednesday, LVMH shares fell by nearly 7% in early trading, driven by waning demand from Chinese consumers, who were once key spenders of European luxury goods. Some Chinese luxury consumers have been flocking to Japan to take advantage of lower prices caused by the country's currency downturn.

Persons: LVMH, —, Louis Vuitton, Christian Dior —, lockdowns, Jean, Jacques Guiony Organizations: Service, Louis, National Development, Reform Commission Locations: Beijing, China, Covid, Asia, Japan, United States, Europe

☆ We moved from NYC to Raleigh. I didn't think I'd be happy in a smaller Southern city, but it's exceeded my expectations.
▼ + stars: | 2024-10-15 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +5 min

After years of living in highly populated cities, my husband and I moved to Raleigh, North Carolina. AdvertisementI grew up in a small city in South Carolina and went to college in rural Virginia. Here are a few of my favorite things about life in the Southern city. The best part is that we pay less a month for our mortgage than we did for our small NYC rental. Restaurants and chefs from Raleigh are routinely nominated for James Beard awards, and I'd pit some of our favorite eateries against NYC hot spots.

Persons: —, Elliott Harrell, I've, it's, There's, William B, we've, James Beard Organizations: Raleigh, Service, NYC Locations: Raleigh , North Carolina, South Carolina, Virginia, Washington, DC, Sydney, San Francisco, New York City, North Carolina, Raleigh, New York, Southern, Raleigh There's, greenways, There's, Brooklyn

☆ Delivery Hero vs. Just Eat? One has 60% upside in a 'winner-takes-all' market, says Stifel
▼ + stars: | 2024-10-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Berlin-based Delivery Hero and Dutch multinational Just Eat Takeaway are two companies at the center of the ruthless online food delivery sector. Over the past decade, Delivery Hero has accumulated net losses of 9.6 billion euros ($10.47 billion) , while Just Eat Takeaway has racked up 7.1 billion euros in losses. Delivery Hero wins? The investment bank is particularly bullish on Delivery Hero, initiating coverage with a "Buy" rating and a price target of 60 euros, implying a potential upside of 60%. Meanwhile, Just Eat Takeaway (TKWY) has a "Hold" rating from Stifel, with a 17% upside potential on the current share price.

Persons: Stifel, Benjamin Kohnke, Uber, Stifel's Kohnke, Kohnke, — CNBC's Michael Bloom Organizations: Investment, Dubai Financial, Deutsche Bank, RBC Locations: Berlin, U.S, Europe, Dubai, Northern Europe

☆ I was a graphic designer for decades and went back to school at 60 to become a teacher. It pays less but is more rewarding.
▼ + stars: | 2024-10-12 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +6 min

After a decadeslong career as a graphic designer, I decided to pursue a teaching career at 60. I remember my first day walking up to the entrance of my training school as clear as day. During teacher training, a staff member is there to mentor and take you under their wing. I may make less, but teaching has been extremely rewardingI finished my teacher training and graduated with my PGCE in 2022. Financially, I make less as a teacher than in my professional graphic design career.

Persons: Stuart Fuller, —, I've, I'd, hadn't, There's Organizations: Service, Saatchi, Saatchi & Saatchi, Royal Air Force, Google Locations: London, Cambridge, England, Loughton , England

Comcast CEO Brian Roberts chose Shell to replace Steve Burke as NBCUniversal CEO in 2019. Soon, Shell, 59, will be at the helm of Paramount and paired with Ellison, who has already expressed his desire to transition Paramount into a more modern media company. The 10 p.m. hourAt Paramount, Shell will be given an asset mix similar to what he oversaw at NBCUniversal — save the theme parks. Wolf's shows were also significant moneymakers for NBCUniversal, according to a person familiar with the matter. Some media analysts, such as LightShed Partners' Rich Greenfield, have argued Paramount Global should shut down Paramount+ and instead license Paramount content to other streamers with more scale.

Persons: Jeff Shell, Eric Gaillard, NBCUniversal, David Ellison, Ellison, Comcast's NBCUniversal, Shell, Brian Roberts, Steve Burke, RedBird, Andrew Brandon, Gordon, Shell's, —, Skydance, NBC —, CNBC's David Faber, George Cheeks, Hollywood creatives, Dick Wolf, Kevin Dietsch, Stephen Colbert, it's, we've, Pluto, Rich Greenfield, Shell's playbook, We've, Peacock, Roberts, Andrew Wilson, Brian L, Eric Charbonneau, Wall, Mark Hoffman, Shepard Smith, Hoffman Organizations: NBCUniversal, Cannes Lions International, Creativity, Reuters, Paramount Global, Skydance Media, Shell, CNBC, Paramount, Fox, Comcast, NBCU International, Universal, Entertainment Group, RedBird Capital Partners, NFL, CBS, Paramount Pictures, NBC, Local, Journal, FBI, Hollywood, TV, Allen & Company Sun Valley, Getty, LightShed Partners, Warner Bros ., Viacom, WarnerMedia, Netflix, EA, Entertainment, Comcast Corporation, Universal Pictures, Invision, Bravo, MSNBC, MTV, VH1, Comedy Central, Fox News, NBC Sports, NBA, CBS Sports, Big Ten, UEFA Champions League Locations: Cannes, France, Shell, NBCUniversal, Sun Valley , Idaho, Toronto

☆ I'm a Gen Z venture capitalist who felt lonely working from home. I started ballroom dancing despite feeling nervous and it changed my life.
▼ + stars: | 2024-10-08 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Ballroom dancing has given her a social life and improved her physical and mental health. AdvertisementThis as-told-to essay is based on a conversation with Charlotte Page, a 24-year-old venture capitalist based primarily in Florida. It seemed really fun and a great way to develop a friend group, so I decided to try ballroom dancing. Ballroom dancing has made such a difference in my life and helped me find friends outside work. Being able to move after a long day of sitting at work and really let loose is just so nice.

Persons: Charlotte, —, Charlotte Page, who's, We've, Starpoint, It's Organizations: Charlotte Page, Service, Harvard Locations: Florida, New York City, New York

☆ A couple moved from Virginia to Panama sight unseen. The lower cost of living, stress-free life, and mild weather have made them happier than ever.
▼ + stars: | 2024-10-06 | by ( Monica Humphries | ) www.businessinsider.com time to read: +6 min

AdvertisementOn July 14, 2022, Kelle Sparta and her husband, Jeff Brandon, set foot in Boquete, Panama, for the first time. AdvertisementIn 2018, the couple moved to Richmond, Virginia, from Boston. Boquete, Panama. Kelle SpartaIn 2022, the couple moved sight unseenIn the summer of 2022, the couple arrived in Boquete with six suitcases and their dog. Sparta and Brandon moved into a temporary Airbnb while looking for a permanent home.

Persons: Kelle Sparta, Jeff Brandon, —, she's, lockdowns, Brandon didn't, Brandon, divisiveness, Monica Humphries, Sparta, they're, I'm Organizations: Kelle, Service, Business, Sparta, Friendly Nations, MIT Locations: Boquete, Panama, Sparta, Brandon, Richmond , Virginia, Boston, Virginia, Europe, Portugal, Valencia, Spain, Kelle Sparta, Panamanian

☆ I moved to Spain, got divorced, and was feeling lonely — until I found a new way to make friends
▼ + stars: | 2024-10-02 | by ( Dalia Goldberg | ) www.businessinsider.com time to read: +6 min

Dalia Goldberg moved to Spain with her then-husband in late 2018. Related storiesIn early 2020, I'd just spent my first year and a half in Seville, Spain. My husband and I had moved to Spain thinking we'd travel around and enjoy a great quality of life while working remotely. Many members of the Improvites told me the activity has boosted their confidence and helped them make new friends. Will, another member from the UK, moved to Seville from northern Spain after his marriage also broke down.

Persons: Dalia Goldberg, —, Jennifer, I'd, lockdowns, we'd, It's, Bob Rouf, Will, he's, I've Organizations: Service Locations: Spain, Seville, North America, drudgery

☆ Even Xi Jinping admits China has a painful road ahead despite his new stimulus
▼ + stars: | 2024-10-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Amid hopes that China's economy is roaring to life again, even Xi Jinping is looking cautious. In his first major speech since the stimulus, Xi warned of "storms" ahead and the need to prepare for "rainy days." While he portrayed China as resolute, Xi also tempered the idea that the country was on a sure road to victory. AdvertisementChina's surprise stimulus triggered a massive rally in its equities last week, but even its leader, Xi Jinping, isn't celebrating yet. In his first remarks about the nation's condition since the stimulus announcement, Xi warned of "violent storms" ahead and urged China to prepare for hardship while portraying it as determined to succeed.

Persons: Xi, —, Xi Jinping, China's, That's Organizations: Service, of, Barclays Locations: China, Beijing, People's Republic of China, Taiwan, China's

☆ Young Chinese are looking for dupes and cheaper substitutes for everything from Hermès to travel
▼ + stars: | 2024-09-30 | by ( Huileng Tan | Matthew Loh | ) www.businessinsider.com time to read: +9 min

Chinese consumers are opting for affordable alternatives across various categories to save money. The trend, known as pingti, is driven by economic challenges and is popular among young people. Consumers are finding cheaper substitutes for luxury goods, everyday items, and even healthcare. It's now become a trend in China to save on nearly every consumer category, from luxury goods to everyday consumables to travel, with cheaper substitutes. A Bank of America survey of 1,052 adult Chinese consumers showed weakening consumer sentiment, with 30% of respondents planning to spend more — down from 45% in June.

Persons: —, It's, Bobbi Brown, Estée Lauder, MingYii Lai, it's, Lindy, Hermes Lindy, Lai, Ruth Jin, Xiaohongshu Cleo Xie, they've, She's, Xie, Jin, Yves Saint Laurent, Keith, she's Organizations: Service, Daxue Consulting, Bottega, Prada, University, Dai, PPI, Bank of America Locations: China, Xiaohongshu, Beijing, Ili, Xinjiang, Provence, France, Xishuangbanna, Laos, Myanmar, Bangkok, Thailand, Chengdu, Europe, Asia

☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

But that has not stopped Trump from recycling some of the same dark portents about a Kamala Harris presidency. Even God was not safe from a Biden presidency, Trump warned. You’re going to have to learn to speak Chinese,” Trump told conservative radio host Hugh Hewitt in August 2020. "She wants no Merry Christmas," Trump said. The suburbs are also doomed if Harris wins, Trump told rallygoers last week in Tucson, Arizona, warning that Harris' team "wants to abolish the suburbs."

Persons: “, ” Donald Trump, Trump’s, Joe Biden’s, Trump, Kamala Harris, ” Trump, Biden, you’ve, Stocks, Harris, TRUMP, Joe Biden, ”, Biden’s, God ”, God, Trump's auguring, Hugh Hewitt, “ You’ll, “ Kamala Harris, rallygoers Organizations: ”, New Hampshire voters, Michigan, National Retail Federation, Republican National Convention, Biden, Fox News, North Carolina rallygoers, Trump, Biden's Locations: America, “, Goodyear , Arizona, Nevada, Florida, U.S, Mexico, ” In Ohio, China, United States, Georgia, Wisconsin, Tucson , Arizona, ” America, San Francisco, California, Las Vegas, North Carolina

A staffer of vice presidential candidate JD Vance called Springfield City Manager Bryan Heck on September 9 and asked if there was any truth in rumors that Haitian immigrants were taking and eating pets in Springfield, Heck told the Journal. I told them these claims were baseless.”“Yes, that call was made,” Springfield Mayor Rob Rue told CNN’s “Laura Coates Live” Thursday. Although the false claims about Haitian immigrants abusing animals have been widely discredited, Trump and Vance have doubled down since the debate. Asked Sunday by CNN’s Dana Bash to back up his claims, Vance, a US senator from Ohio, said he has received concerns from constituents, though he did not provide evidence. Two Ohio state trooper vehicles parked outside the Springfield City Schools office Friday.

Persons: JD Vance, Bryan Heck, Heck, ” Heck, ”, Rob Rue, CNN’s, Laura Coates, “, Donald Trump, Springfield, Mike DeWine, ” DeWine, Sassy, Jeff Winter, Anna Kilgore, Kilgore, Trump, Vance, CNN’s Dana Bash, Dana, ” Vance, Rue, Vilbrun Dorsainvil, ” Rue, “ We’ve, Warren Davidson, ” Davidson, ” CNN’s Jeff Winter, Meridith Edwards, Omar Jimenez Organizations: CNN, Trump, Springfield City, Springfield, ” CNN, ” Ohio Republican Ohio Gov, The New York Times, Clark State College, Wittenberg University, Wall Street, Springfield City Schools, Springfield “, Trump . Ohio, Republican, “ Locations: Springfield , Ohio, Springfield, ” Ohio, Ohio, he’s

☆ Explore East London's vibrant Dalston with floral entrepreneur Kaiva Kaimins
▼ + stars: | 2024-09-20 | by ( Tom Chitty | Gaelle Legrand | ) www.cnbc.com time to read: +1 min

Florist Kaiva Kaimins may have been born in Australia, but Dalston is home. Kaimins lives and works in the East London enclave, where she set up her floral studio, My Lady Garden, in 2020. Oeno Maris, a fishmonger with a wine bar in the back that hosts regular sashimi nights. Dan's wine shop, a laid-back bar that specializes in natural wines. Watch the video above for an insider's look at how to enjoy your downtime in Dalston.

Persons: Kaimins, Papo's, Oeno Maris Organizations: CNBC Travel, Broadway Locations: Australia, Dalston, East London, York

☆ Eldest-Daughter Syndrome Is Real; Big Sisters Do More, Studies Say
▼ + stars: | 2024-09-19 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +13 min

But there may be more of a science to eldest daughters than meets the eye. When a mother needed help, biology caused her eldest daughter to step up and mature faster to provide that help. Most striking of all, maternal distress was not found to speed up adrenal puberty in sons or younger daughters. "I have a closer relationship with her, to this day, than I do with many of my other older siblings," he said. His wife grew up as part of a similarly large brood — and her eldest sister had a similar experience.

Persons: Lisa Doucet, Albert didn't, Doucet, Albert, I'm, " Doucet, babysitters, they'd, Molly Fox, Fox, Pamela Jakiela, aren't, isn't, Jonathan Westover, Mary Poppins —, Westover, We're, —, Lenette Azzi, Lessing, Jakiela Organizations: University of California, Fox, Center for Global Development, Williams College, University of Essex, Child, Utah Valley University, Boston University, Child Welfare League of America Locations: Rhode Island, Providence, TikTok, Los Angeles, Kenya, Utah

His new home is a notorious federal jail in New York City known for extreme violence and abominable medical care. Still, the conditions are horrid across the facility, according to interviews with more than a half-dozen defense lawyers and a review of court documents. “The agency as a whole has failed to assist MDC Brooklyn with the staffing crisis, hence allowing MDC Brooklyn to fail,” the union head, Rhonda Barnwell, wrote in a memo to Bureau of Prisons officials in June 2023. "That is why, earlier this year, the director appointed an Urgent Action Team to take a holistic look at the challenges at MDC Brooklyn," the spokesman added. A statute in the federal court system requires defendants who are out on bail to be remanded to jail after they are convicted.

Persons: Sean, Diddy, Combs, Gary Brown, Sam Bankman, Kelly, Ghislaine Maxwell, “, Xavier Donaldson, ”, Jeffrey Epstein’s, Rhonda Barnwell, Luis Rivas, Uriel Whyte, Edwin Cordero, Mr, Cordero, Andrew Dalack, Terrence Wise, wasn’t, LaShann DeArcy, Jonathan Goulbourne, Jesse Furman, Furman, Judge Brown, Brown, Daniel Collucci, Richard Kestenbaum Organizations: Metropolitan Detention, MDC, District, Justice Department, Metropolitan Correctional Center, Brooklyn, MDC Brooklyn, of Prisons, NBC News, . Justice, Urgent, New York Daily News Locations: New York City, Brooklyn, U.S, New York, Queens , New York, “

“The second clue,” she said, “is that the time of year is right.”Historically, September has been the biggest month for AFM cases. “We saw the virus that was previously driving the AFM cases, but we didn’t see the AFM cases associated with it,” said Dr. Kevin Messacar, an infectious disease specialist at Children’s Hospital Colorado, who treated some of the earliest AFM cases in 2014. So far in 2024, 13 AFM cases have been confirmed, according to the Centers for Disease Control and Prevention. Vishnu Kagolanu as a young child with his father; Vishnu as a young man. Even the doctors couldn’t find out what was going on," said Saila Kagolanu, Vishnu's mother.

Persons: ”, who’s, Kevin Messacar, It’s, “ We’re, ” Messacar, Vishnu Kagolanu, Vishnu, couldn’t, Saila Kagolanu, Vishnu's, He'd, Buddy Creech, ” Creech, ” Kagolanu Organizations: Children’s Hospital, Centers for Disease Control, Monopoly, Vanderbilt University Medical Center Locations: U.S, Children’s Hospital Colorado, Los Altos , California, Nashville

☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
▼ + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +5 min

From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.

Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

☆ Digitally native Gen Zers aren't immune to romance scams
▼ + stars: | 2024-09-16 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewGen Zers may think they are digitally savvy and immune to online scams, but that very thought may leave them vulnerable to being lured into nefarious schemes. AdvertisementScams are always evolving, and the tricks Gen Zers believe they are wise to may be replaced by increasingly technologically advanced schemes they don't see coming. AdvertisementPeople are still processing the years lost to the pandemic, particularly Gen Zers, whose brains were still developing, Neo added. "This can make us more impulsive, less thoughtful of our choices, and can be a risk factor for romance scams," Neo said. Gen Zers understand what it's like to struggle, with many facing economic instability and having difficulty with bills, rent, and finding jobs.

Persons: —, Zers, Bryn Thompson, Gen Xers, Lauren Hendry Parsons, Hendry Parsons, Kevin Lee, Gen Z, Lee, scammers, It's, it's, zoomers, They're, Gen Organizations: Service, Business, National Cybersecurity Alliance Locations: Canada

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