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☆ Big Lots files for bankruptcy
▼ + stars: | 2024-09-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer announced that private equity firm Nexus Capital Management is acquiring “substantially all” of Big Lots stores and business operations. Big Lots blamed several economic factors for its bankruptcy, including high inflation and interest rates. Big Lots is in the process of closing roughly 300 of its 1,400 store across the United States. Big Lots joins a growing list of well-known retailers hitting financial turbulence as customers cut back spending on non-essential items.

Persons: ”, Bruce Thorn, McDonald’s, it’s, Sarah Foss, ” Foss Organizations: New, New York CNN, Nexus Capital Management, Lots, Walmart, Debtwire, CNN Locations: New York, United States

☆ Inside the landmark Google adtech antitrust trial that could transform the $700 billion global digital ad market
▼ + stars: | 2024-09-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

The DOJ and the states are seeking a breakup of Google's adtech business. Separately, they said that while a separation of Google's ad server and its ad exchange would be good for competition in the adtech market, it might drive ad server costs up for publishers. Google's ad server is "a loss leader, they make all their money in AdX," the exec said, referring to Google's ad exchange that connects buyers and sellers. Global regulators have Google in their sights, tooAny unraveling of Google's ad empire would be complex. Over the pond, the European Union said last year it might look to break up Google's adtech business.

Persons: —, Google's, Tim Nollen, isn't gunning, adtech, Macquarie's Nollen, Bietti, Mark Jamison, there's, Arielle Garcia Organizations: Service, Eastern, Business, US Department of Justice, Google, DOJ, Microsoft, Macquarie, Publishers, US Department of, Northeastern University, Public Utility Research Center, Digital Markets, University of Florida, Global, European Union Locations: Virginia, AdX

☆ Catherine, Princess of Wales, ‘doing what I can to stay cancer free’ after finishing chemotherapy
▼ + stars: | 2024-09-09 | by ( Max Foster | Christian Edwards | ) edition.cnn.com time to read: +5 min

London CNN —Catherine, Princess of Wales, has said she has completed her chemotherapy and is “doing what I can to stay cancer free,” as she plans to return gradually to public life in the coming months. “Doing what I can to stay cancer free is now my focus,” she continued. “The cancer journey is complex, scary and unpredictable for everyone, especially those closest to you.”Catherine and William stand with their daughter, Princess Charlotte, on the English coast. Her diagnosis stunned the country, coming just weeks after King Charles III announced in February that he had also been diagnosed with cancer. In her initial announcement, Kate stressed she had been advised to undergo a course of “preventative” chemotherapy.

Persons: London CNN — Catherine, Princess of Wales, Catherine, ”, Kate, Prince William, “, William, – Prince Louis , Princess Charlotte, Prince George –, ” Catherine, Princess Charlotte, Will Warr, ” Kate, William Dahut, Warr, Kate’s, King Charles III, Karen Knudsen, Charles, Queen Camilla, Keir Starmer, Rishi Sunak, ” Starmer, ” “, ” Sunak Organizations: London CNN, American Cancer Society, CNN, Court, Wimbledon, British Locations: Norfolk, London, Buckingham, Wales

☆ I stayed in a $290-a-night tiny home on an island 5 miles from Singapore. It was smaller than a parking space.
▼ + stars: | 2024-09-09 | by ( Erin Liam | ) www.businessinsider.com time to read: +10 min

During my three-day visit in August, I stayed at a tiny home by Tiny Away for one night. AdvertisementLaunched by a Singaporean tiny home startup called Big Tiny in May 2023, Tiny Away features five tiny houses that measure around 139 square feet each — or slightly smaller than an average parking space. Tiny Away is currently the only option for those who want to try tiny house living without going abroad. For one, there's a glamping resort on Lazarus Island that offers stays for a similar price to Tiny Away. But Tiny Away strikes me as ideal for guests looking for some solitude or a chance to experience the city-state minus all the high rises.

Persons: —, I'd, Tiny, Adrian Chia, Big Tiny, Erin Liam, Chia, cocker, Lazarus, Prudence Lai Organizations: Service, Business Locations: Singapore, New York City, Lazarus, Southern, Sentosa, Singapore's

☆ This is the conflict-ridden, tension-filled world that the next US president may have to face
▼ + stars: | 2024-09-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Issues range from China and Taiwan to the Middle East to the Ukraine war. AP Photo/Evgeniy MaloletkaOver two and a half years in, the war in Ukraine has no immediate end in sight. Trump has said, without reason or evidence, that he'd end the Ukraine war in 24 hours and has repeatedly threatened to undermine the NATO alliance's collective defense. Tensions with North KoreaSince North Korea's failure in Hanoi at the Trump summits in 2019, the nation's trajectory has shifted upwards. Spencer Platt and Brandon Bell/Getty ImagesBoth Trump and Harris find themselves running for president at a particular tense time in global politics.

Persons: —, Donald Trump, Kamala Harris, Trump's, he's, Harris, Joe Biden's, Trump, Biden, Daniel Ceng, Amir Cohen, Benjamin Netanyahu, Yoon Suk, Spencer Platt, Brandon Bell Organizations: Service, Business, NATO, Hamas, Anadolu, Getty, Pentagon, Pacific Command, Trump, Reuters, Human Rights Watch, Gaza Health Ministry, US, Israel, VIA KNS, Getty Images, South Locations: China, Taiwan, Ukraine, Gaza, Russia, North Korea, Kursk, China China, Anadolu, Philippines, South China, Philippine, Beijing, Israel, Iran, Gulf of Oman, North, Hanoi, AFP, Korea, Pyongyang

☆ US employers have good reasons not to hire more workers now
▼ + stars: | 2024-09-08 | by ( Bryan Mena | Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s because employers might be putting some of their hiring plans on hold — and for good reason. Businesses consider many factors when deciding to hire, but across a wide spectrum of industries, the economic outlook carries always great deal of weight. Both those factors are prompting employers to think twice about hiring more workers now, according to economists and recent comments from businesses around the country. But she’s proposing raising the corporate tax rate to 28%. So when interest rates are as elevated as they are right now, monthly debt payments could be too costly for many firms.

Persons: there’s, ” Kathy Bostjancic, Reserve Banks, Kamala Harris, Donald Trump, Trump, Harris, ”, Sean Snaith, Julia Pollak, ZipRecruiter’s, ” Pollak, “ It’s, Pollak Organizations: CNN, Labor Department, Federal Reserve, Nationwide, “, Reserve, Trump, America, Economic, of New, Institute for Economic, University of Central, Fed, Treasury Locations: China, of New York, University of Central Florida

☆ JPMorgan downgrades its opinion on China, but still likes these individual stocks
▼ + stars: | 2024-09-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Instead, JPMorgan increased its overweight recommendations on other emerging markets. Even after the change, JPMorgan still holds 18 China stocks in its global emerging markets model portfolio. The JPMorgan analysts said uncertainties about the China economic outlook range from tensions with the U.S. to "lingering deflation pressure." During three periods of escalating U.S.-China trade tensions in 2018 and 2019, the MSCI China index fell each time, according to JPMorgan China Equity Strategist Wendy Liu. As part of its China stock downgrade, JPMorgan added shares of state-owned utility operator CR Gas , while removing shares of PDD, China Construction Bank and Kingdee International.

Persons: Pedro Martins, Chetan Seth, Jake Sullivan, Kamala Harris, Joe Biden's, Harris, Donald Trump, Wendy Liu, ByteDance, — CNBC's Michael Bloom Organizations: JPMorgan, Wednesday, Sunday, Reuters, Nomura's, Nomura, JPMorgan China Equity, CR Gas, China Construction Bank, Kingdee International, Kuaishou Technology, Meituan, Hong Locations: China, U.S, Nomura's Asia, Japan, Beijing, PDD, Hong Kong, Thursday's

☆ Burnout Cure for Girlbosses: Female Executives Vs. Hustle Culture
▼ + stars: | 2024-09-08 | by ( Aki Ito | ) www.businessinsider.com time to read: +36 min

But for few has its pursuit been more complicated than for the elite career women Byars strives to help. AdvertisementWhen she finally felt ready to go back to corporate life, she looked for a more sustainable way to pursue professional success. The issue with high-achieving women, Byars says, is they focus on meeting only two of those needs — security (money) and esteem — while neglecting the rest. When the clients cry, it's mostly related to the need Byars says is the trickiest to meet: esteem. But if you're a woman with four kids and a senior-level corporate job, is there really any amount of mindset shifting you can do to avoid burnout?

Persons: Erin, She's, I've, Erin needn't, They've, Kathleen Byars, Byars, Kate, there's, Mary Kay, Scott, —, Ali, she's, that's, Erin interjects, Let's, I'm, They're, they're, she'll, Kiersten, We're, it's, It's, LeAnn Rimes, isn't, Erin's, strum, Aki Ito Organizations: Virgin, Goodlife Institute, CWU, Habitat, Humanity, BI, Business Locations: Nashville, I'm, Dallas, Chile, CWU, Byars

☆ America's shopping spree is over and retailers are facing a new world of cautious consumers
▼ + stars: | 2024-09-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewAmerica's wild, multi-year shopping spree has come to an end — and retailers who got used to Americans dropping cash on just about everything are in a tough spot. US retail sales came in stronger than expected in July, with Americans spending more overall compared to the prior month, according to Census data. Around 40% of consumers said they planned to pare back spending on accessories, home decor, jewelry, and furniture, per McKinsey's survey. We're now back in an environment where good retailers, strong brands that offer compelling value … will benefit," Siegel said. In the meantime, that could mean more pain for retailers, Siegel said, speculating that many were caught by surprise by the shift in consumer sentiment.

Persons: —, Ted Rossman, Rossman, pare, Simeon Siegel, Siegel, We're, SPDR Organizations: Service, Business, McKinsey & Company, Bankrate, Customers, BMO, Challenger, Walmart, Target, San Francisco Fed, Primerica Locations: FactSet

☆ Boeing's uncrewed Starliner spacecraft touches down on Earth, capping months of drama in orbit
▼ + stars: | 2024-09-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Denise-Chow-Byline-Jm.Jpg | Denise Chow | ) www.nbcnews.com time to read: +3 min

After a summer of turmoil, Boeing’s Starliner spacecraft is finally home. The capsule undocked from the International Space Station without astronauts onboard on Friday at 6:04 p.m. Its smooth journey back suggests that the two NASA astronauts it carried to the space station could probably have flown home safely on the spacecraft. But the Starliner then remained parked at the space station for months as engineers on the ground assessed how to safely bring it back to Earth. Wilmore and Williams will remain on the space station into the new year then fly back in February on a SpaceX capsule.

Persons: Starliner, ” Joel Montalbano, NASA Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, you’ve, ” Williams, “, ”, Boeing’s Organizations: International, NASA, Boeing, SpaceX, Space Center Locations: New, China, Houston

☆ Yellen says U.S. economy remains solid, on path to 'soft landing' with no meaningful layoffs
▼ + stars: | 2024-09-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas. Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job reports that have rattled investors and weighed on the stock market. "We're seeing less frenzy in terms of hiring and job openings, but we're not seeing meaningful layoffs," Yellen said at the Texas Tribune Festival in Austin. Yellen said the U.S. is on that path: "It really has been amazing to be able to get inflation down as meaningfully as we have. This is what most people would call the soft landing," she said.

Persons: Janet Yellen, Yellen, Nonfarm, Dow Jones Organizations: IRS, Texas Tribune, of Labor Statistics, Dow, Federal Reserve Locations: Austin , Texas, U.S, Austin

☆ Landslides are destroying multimillion-dollar homes in California, and they’re getting worse
▼ + stars: | 2024-09-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —The deep landslides beneath the multimillion-dollar homes in Rancho Palos Verdes moved at an almost glacial pace, until they didn’t. This affluent coastal city in Southern California, around 30 miles south of Los Angeles, has long enticed people with its Pacific Ocean views and lush greenery. This February, an atmospheric river dumped record amounts of rain across southern California, triggering hundreds of mudslides and leaving at least nine people dead. In July, a landslide triggered by heavy monsoon rains in India’s southern state of Kerala killed at least 150 people. In Southern California, “people wanted to pretend they lived in the tropics,” he said, “and planted a lot of landscaping that required lots of watering.”Deforestation is another factor.

Persons: Gavin Newsom, Jason Armond, Alexander Handwerger, ”, Gary Griggs, Dave Petley, Dana Point perilously, Ted Soqui, Handwerger, “ We’ve, Griggs, Thomas, Marcio Jose Sanchez, Cyclone Gabriel, Ugur Öztürk, University of Hull’s Petley Organizations: CNN, Rancho Palos Verdes, Bend Community, Rancho Palos, Los Angeles Times, Jet Propulsion Laboratory, Palos, University of California, University of Hull, AP, Cyclone, University of Potsdam, German Research Centre, Geosciences, University of Hull’s Locations: Rancho, Southern California, Los Angeles, Rancho Palos Verdes, Palos Verdes, University of California Santa Cruz, England, California, Dana Point, Dana Point , California, Montecito, Montecito , California, New Zealand, Kerala

☆ How some of the biggest right-wing media stars ended up as unwitting puppets of Russian propaganda
▼ + stars: | 2024-09-07 | by ( Hadas Gold | ) edition.cnn.com time to read: +13 min

Now, the Justice Department is alleging that some of the biggest stars in right-wing social media were, unwittingly, part of a sinister Russian operation to influence the 2024 US election. What is Tenet Media? “Overt shilling”The Russians also pushed Tenet to promote videos that were going viral on social media, according to the indictment. Tenet Media has not responded to requests for comment and stopped posting content on Wednesday. After the 2016 US presidential election, congressional and federal investigations showed Moscow had successfully co-opted unwitting Americans to stage protests, run social media accounts and host events at its behest.

Persons: CNN — They’re, weren’t, Tim Pool, Benny Johnson, Lauren Southern, Tayler Hansen, Matt Christiansen, Dave Rubin, Johnson, MAGA influencers, Rubin, Glenn Beck’s, Enrique Tarrio, Jack Posobiec, Pool, Donald Trump, Donald Trump Jr, Christiansen, Lauren Chen, Liam Donovan, Chen, Donovan, ”, Donald Trump’s, Vladimir Putin, Viktor Orban, Evgenia Novozhenina, “, Trump, Q, Justin Trudeau, Putin, Trudeau, Israel, ” Rubin, Eduard Grigoriann, “ Grigoriann, Tenet, Tucker Carlson, Carlson fawned, I’ll, Nina Jankowicz, ’, unvarnished ’, Renee DiResta, Donie O’Sullivan Organizations: CNN, Justice, Justice Department, Tenet Media, Kremlin, Vice Media, Independent, Young Turks, YouTube, Tenet, Google, Proud Boys, Blaze Media, Ukraine, The Justice Department, Republican Party, Trump, Democrats, ”, United, ISIS, Hungary's, Reuters “, Canadian, Hamas, FBI, Fox News, American Sunlight, Media, DOJ, Soviet, Stanford Internet Observatory Locations: Tennessee, Russia, Ukraine, ”, “ Ukraine, United States, Moscow, Russian, Colorado, American

☆ Trump lawyers invoke Bob Dylan and Taylor Swift in 'Electric Avenue' copyright arguments. The judge was skeptical.
▼ + stars: | 2024-09-07 | by ( Laura Italiano | ) www.businessinsider.com time to read: +1 min

Eddy Grant's 2020 copyright suit against Donald Trump was in federal court in Manhattan on Friday. Trump's side referenced Taylor Swift and Bob Dylan in challenging the "Electric Avenue" copyright. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Grant's lawyers say Trump infringed on the copyright for "Electric Avenue" by including 40 seconds of the '80s dance hit in an August 2020 campaign tweet.

Persons: Eddy, Donald Trump, Taylor Swift, Bob Dylan, —, Eddy Grant, Trump Organizations: Service, Business Locations: Manhattan

GM declined to discuss details of the spending, including how much of that amount is specifically tied to NFL advertising, but reiterated it remains significantly lower than historic levels. Last NFL season, automakers were the most-seen brand industry, with more than 10% of TV ad impressions, according to ad data company iSpot. Guideline reports viewership of NFL broadcasts grew about 7% over the past season, whereas ad spend in NFL programming doubled that pace at 14%. Automotive ad spend increased 17% over the past two seasons and is expected to increase again this year, according to Leyes. New ad campaignsToyota, as the "Official Automotive Partner of the NFL," launched a new ad campaign for the NFL season this week called "Roll Deep."

Persons: Ryan Briganti, Alberto Leyes, we've, Leyes, Andrew Messina, Messina, Mark Marshall, Jenny Wall Organizations: NFL, National Football League, Toyota Motor Corporation, Hyundai Motor Company, Detroit, Toyota, CBS Sports, CBS, Paramount, General Motors, GM, Nielsen, Disney, ESPN, Disney Advertising, Hyundai, Mercedes, Benz, Nissan Motor, Chrysler, Brands, NBC, Automotive, Baltimore Ravens, Kansas City Chiefs Locations: Messina, U.S

☆ The $100,000 electric truck market is here. A guide to pickups from Tesla, GM, Rivian and Ford
▼ + stars: | 2024-09-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +10 min

There are currently a handful of electric trucks for purchase in the U.S. market: the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado. The GMC Hummer and Rivian also have SUV versions, which feature similar functions as their pickup counterparts but in different forms. The SUV version is smaller and more manageable to drive than the pickup truck version. When the F-150 Lightning hit the market, it was the first "mainstream" electric truck. An electric Ford F-150 next to a Tesla Cybertruck in front of Ford's world headquarters on Aug. 27, 2024 in Dearborn, Mich. Michael Wayland / CNBC

Persons: Michael Wayland, CNBC DETROIT – Tesla, Stephanie Brinley, it's, Stephanie Valdez Streaty, Tesla, Ford, Rivian R1T, Rivian, Kelley, Sierra EVs Organizations: GMC, Denali, Tesla, Ford, CNBC DETROIT, Motors, Rivian Automotive, P Global Mobility, Cox Automotive, General Motors, GMC Hummer EV, GMC Sierra Denali, Chevrolet Silverado, Motor Intelligence, Renaissance Center, CNBC, GM, U.S . Environmental Protection Agency, Cruise, Silverado, GMC Sierra GM's, DC, Chevrolet, Sierra Locations: U.S, Detroit, Dearborn, Mich

☆ When is Apple’s next event and what to expect from the new iPhone 16
▼ + stars: | 2024-09-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

CNN —Apple excited fans with its vision for its “Apple Intelligence” artificial intelligence system earlier this year. Apple faces immense pressure ahead of the event to prove the new AI features and other iPhone 16 updates are worth shelling out for an upgrade. Subplot or main character, here is everything we’re expecting from the Apple event. The company’s task on Monday will be to show iPhone users what that will look in real life. A major question heading into Monday’s event is how Apple will price the iPhone 16 lineup.

Persons: Ming Yeung, Dan Ives, Wedbush, ” D.A, Davidson, Gil Luria, Siri, ” Luria, “, Tiffany, Tiffany R, you’ll, Luria, Aly Song, ‘, ”, Mark Gurman, CFRA Research’s Angelo Zino, Gurman, Samantha Kelly, Ramishah Maruf Organizations: CNN, Apple, Apple Intelligence, Apple Watch Locations: Milan, Italy, –, Shanghai, China

☆ OpenAI is fighting to keep cofounder Ilya Sutskever's files secret
▼ + stars: | 2024-09-06 | by ( Darius Rafieyan | Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

Lawyers in a lawsuit between OpenAI and authors are fighting over whose files should be subject to discovery. Co-founder and former chief scientist Ilya Sutskever is among the six disputed names. Plaintiffs in the copyright lawsuit include authors such as George R. R. Martin, and David Baldacci. Go to newsletter preferences Thanks for signing up! Lawyers in a high-profile copyright lawsuit between OpenAI and book authors are fighting over whose files should be subject to discovery.

Persons: Ilya Sutskever, George R, Martin, David Baldacci, —, OpenAI Organizations: Service, Lawyers, Author's, Business Locations: New York

☆ As a working mom, I can't be there to drop off or pick up my kids. I wrote their teachers handwritten cards and it made a huge difference in our relationship.
▼ + stars: | 2024-09-06 | by ( Jess Decourcy Hinds | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. How could I miss my kid's first day? Then again — how could I miss my own first day of school as an educator? As an educator myself, I remember bonding with certain parent volunteers who would share information about kids. My relationship with her was on a great foot, and for the first time, it didn't matter so much that I didn't get to meet my kids' teacher for the first few months of school.

Persons: didn't Organizations: Service

☆ Trump's lawyers say an accuser's sexual-assault testimony should have been tossed because the incident was aboard an airplane
▼ + stars: | 2024-09-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Leeds' allegations weren't part of Carroll's accusations, but the trial judge allowed her testimony because they demonstrated what Carroll's lawyers argued was a pattern of behavior by Trump. "It's very hard to overturn a jury verdict for evidentiary grounds," he said. Sauer argued that Trump's case was "a textbook example" of a case wrongly propped up by propensity evidence rather than Trump's actual conduct. LEONARDO MUNOZ/AFP via Getty ImagesShe also jabbed at Habba's earlier claims that she might have some kind of conflict of interest with the trial judge, US District Judge Lewis Kaplan. Presidential immunity played a role in earlier court fights in the Carroll case.

Persons: —, Donald Trump, Jean Carroll, John Sauer, Jessica Leeds, Trump, Sauer, Denny Chin, Roberta Kaplan, Leeds, defaming Carroll, Alina Habba, Kaplan, Carroll, Todd Blanche, Emil Bove, Boris Epshteyn, Joshua Katz, CHARLY TRIBALLEAU, Getty Images Carroll, Bergdorf Goodman, Blanche, Bove —, Harvey Weinstein's, Susan Carney mused, Marci Hamilton, LEONARDO MUNOZ, Lewis Kaplan, Kamala Harris, Bove, Juan Merchan, she'd Organizations: Service, Republican, Business, Leeds, Circuit, Trump, Getty Images, US, University of Pennsylvania, Getty, Democratic Locations: Manhattan, Leeds, AFP, New York, Washington, DC, New, United States

☆ Netherlands takes on U.S. export controls, controlling shipments of some ASML machines
▼ + stars: | 2024-09-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. The Dutch government on Friday announced it is expanding export restrictions on advanced semiconductor manufacturing equipment, bringing licensing requirements of ASML 's machines under its purview. The changes mean that the Netherlands is effectively taking over from the U.S. on controlling what machines ASML is able to export to other countries. The expanded control comes after the Dutch government last year introduced its first major export restrictions on advanced semiconductor equipment exports. Washington has pressured countries like the Netherlands and others to ramp up export curbs on key chipmaking tools.

Persons: I've, Klever, ASML Organizations: European Union Locations: Netherlands, U.S, China, Washington

☆ US introduces new export curbs on advanced technology, including chip-making tools
▼ + stars: | 2024-09-06 | by ( ) edition.cnn.com time to read: +2 min

The United States has announced new export controls on advanced technology, including quantum computers, in line with restrictions imposed by international partners. Besides quantum computing items, the curbs will affect equipment for producing advanced semiconductors, additive manufacturing items to produce metal components and gate all-around field-effect transistor (GAAFET) technology, according to a Federal Register posting. Several countries, including the United Kingdom, have already imposed similar controls, and others are expected to do so as well. “The most significant controls are the ones on quantum computers and related technology,” said Washington trade lawyer Kevin Wolf. But, she said, small companies may decide, “we don’t want to have to figure out this reporting.

Persons: ” Alan Estevez, ”, Kevin Wolf, “, ” Wolf, Celia Merzbacher, ” Merzbacher, …, we’re Organizations: Bureau of Industry, Security, Economic, Consortium Locations: States, United Kingdom, Washington, United States

☆ Ukraine is getting more Bradleys from the US as the fighting vehicles prove to be among the most valuable armor in the war
▼ + stars: | 2024-09-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewThe US has promised Ukraine a new military aid package including more Bradley infantry fighting vehicles. The US-made armored vehicles, which offer maneuverability, versatility, and sufficient firepower, have proven valuable to Ukraine efforts on the battlefield — more so than the main battle tanks and other heavy armor it's received. The US announced a new military aid package for Ukraine valued at $250 million to meet Ukraine's critical defense needs. One reason is that its received more Bradleys than it has main battle tanks from Western nations. Bradleys have gone up against a variety of Russian armor, either holding their own or winning the fight.

Persons: —, Bradley, it's, ◾️ Bradley IFVs, Bradleys, Oliver Weiken, Ukraine's, Crews Organizations: Service, US Department of Defense, Business, US, ◾️ RIM, —, Carriers, Getty, Pentagon, NATO, Mechanized Brigade, 47th Mechanized Brigade Locations: Ukraine

And Israeli Prime Minister Benjamin Netanyahu has poured cold water on US hopefulness, though Biden officials have largely refrained from criticizing him. “In my view, the less that’s said about particular issues, the better,” a senior administration official told reporters Wednesday in response to Netanyahu’s press conference. Days later, a senior administration official who briefed reporters argued that the majority of the details of a ceasefire deal – “90%” – had been agreed to by the two parties. In a detail not previously shared, the senior official said that of the 18 paragraphs in the agreement, 14 were finished and agreed to. They need to rest and refit, in case a war in the north [with Hezbollah] is going to happen,” the second senior administration official said.

Persons: CNN —, Biden, Joe Biden’s, Yahya Sinwar, Benjamin Netanyahu, Netanyahu, “, ”, Itamar, Ben, Antony Blinken, ” –, – “, Feedback Netanyahu, CNN Biden ‘, Hersh Goldberg, Polin, it’s, Israel, Haniyeh, Ismail Haniyeh, Haniyeh’s, —, ” Biden, –, Bill Burns, I’ve, John Kirby, “ I’m, ” Kirby Organizations: CNN, Hamas, CIA, Defense Ministry, IDF, White House Locations: Gaza, Israel, ” – Israel, Egypt, Qatar, Tehran, London, White

☆ U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says
▼ + stars: | 2024-09-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

The unemployment rate also fell slightly, to 4.2% from 4.3% in July. For example, average job growth was 116,000 over the past three months; the three-month average was 211,000 a year ago. The unemployment rate has also steadily risen, from 3.4% as recently as April 2023. In other words, many more Americans entered the job market and looked for work; they're counted as unemployed until they find a job. That said, the job hunt has become more challenging for job seekers than in the recent past, according to Bunker.

Persons: Michael M, Ernie Tedeschi, Biden, hasn't, Julia Pollak, Bunker, " Tedeschi, Tedeschi Organizations: FedEx, Broadway, Santiago, Getty, of Labor Statistics, Yale Budget Lab, White House Council, Economic Advisers, Labor Department, ZipRecruiter, Workers, ., Federal Reserve Locations: New York City, U.S

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