DIRS.INFO The most relevant business & tech news

China's National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. "The national economy showed positive signs of growth in September," Sheng Laiyun, the bureau's deputy commissioner, said at the press conference, according to CNBC's translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, had also beat expectations, a hopeful sign for the world's second largest economy. Beijing has faced growing public scrutiny over its ability to meet its own annual growth target of "around 5%." Amid low consumer sentiment and a flagging property sector, the Chinese government has intensified stimulus measures in recent weeks in an effort to boost its lackluster economy.

Persons: Sheng Laiyun, Tianchen Xu Organizations: National Bureau, Statistics, Reuters, Economist Intelligence Unit Locations: China, Beijing

☆ 'Spider-Man 4' has billion-dollar shoes to fill, and Tom Holland has some reservations
▼ + stars: | 2024-10-18 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Tom Holland said that the "Spider-Man 4" script "needs work." AdvertisementTom Holland, the star of "Spider-Man 4," has some reservations about the movie so far. In a recent interview he said a draft script he read "needs work" before Marvel Studios and Sony can start filming. AdvertisementHolland said: "It needs work, but the writers are doing a great job. Related storiesThe previous movie, "Spider-Man: No Way Home," earned $1.9 billion according to Box Office Mojo, setting big expectations for its sequel.

Persons: Tom Holland, Zendaya, —, Holland, Tobey Maguire, Andrew Garfield, Peter Parker, we're Organizations: Service, Marvel Studios, Sony, Office Mojo, Marvel

☆ These are the biggest challenges facing the US Army in the Pacific, according to a general readying for the next war
▼ + stars: | 2024-10-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The US Army has been wargaming in the Indo-Pacific, preparing for what a future war might look like. "It is really hard to replicate that other than just training here in the region," Evans said. JPMRC allows the Army to test its combat readiness in the tropical, archipelago environments of the Pacific. Evans explained that nighttime operations remain a top priority for the Army, and JPMRC allows soldiers the opportunity to develop that "perishable skill." Mysti Bicoy"Sustainment is one of the things that we are focusing on in this training because of the disparate nature of the region," Evans explained.

Persons: —, Marcus Evans, Mariah Aguilar, wargamed, Evans, JPMRC, Tiffany Banks, USARPAC's, Charles Flynn, John Pershing, Sgt, Mysti, we're Organizations: US Army, Service, Army, US, 25th Infantry Division, U.S, Joint Pacific Multinational Readiness, Troops, Pacific . U.S, Staff, 11th Airborne, sustainment, Pacific, . Air National Guard Locations: Hawaii, Pacific, China, Alaska, Japan, Philippines, Ukraine

Havana CNN —Cuba’s electrical grid shut down on Friday, putting the country into a blackout after the failure of one of the island’s major power plants, according to its energy ministry. In a statement on X, the ministry said “the failure” of the Antonio Guiteras Power Plant caused “the total disconnection of the National Electrical System” from 11 a.m. This week, Cuba’s increasingly energy-strapped government called for draconian measures to save power, including telling many workers to stay home. Millions of people on the communist-run island have been left without power over the last several days as the aging Cuban electrical grid repeatedly collapsed. The Cuban Electric Union has also reported that 37 power generation plants are out of service due to lack of fuel.

Persons: Antonio Guiteras, Manuel Marrero Cruz, ”, Marrero, Vicente de la O Levy, Mariel, Santiago Organizations: Havana CNN, National, Cuban, Energy, Mines, Cuban Electric Union, Ministry of Energy, Santiago de Cuba, CNN, Español Locations: Havana, Cuba, Matanzas, Santiago de

☆ Gen Z workers say stereotypes are holding them back. It's a problem for companies too.
▼ + stars: | 2024-10-18 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Gen Z behavior was shaped by missing formative years during the COVID-19 pandemic. Gen Z has a lot to offer companies who know how to nurture it, experts told BI. But many Gen Zers don't agree with them, and some believe they are holding them back at work. Chang said Gen Zers prioritize companies that offer perks such as mental health days and wellness workshops. Some companies are already doing this and making themselves attractive to Gen Z talent.

Persons: Z, —, Zers don't, Max Jones, It's, Richard Wahlquist, Boppana, Gen Zers, I've, she'd, Claude Akinsanya, Zers, Akinsanya, Gen, Rhea Moss, Gen Z, " Moss, Jones, Jeanie Y, Chang, Forbes, Chipotle, Moss Organizations: Service, American Staffing Association, Accenture, Nike, Morning Locations: London

☆ Intel is seeking an investor for a stake in its Altera chip unit, CNBC reports
▼ + stars: | 2024-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Intel is looking for an investor to acquire a stake in its Altera subsidiary, CNBC reported. Intel is facing challenges in its business at a time when the US is seeking to revitalize its chip industry. AdvertisementTech giant Intel is seeking an investor for a stake in its Altera subsidiary, CNBC reported late Thursday, citing people familiar with the matter. The news comes as US chip giant Intel faces troubles just as Washington is seeking to revitalize the country's chip industry for national security reasons. Dutch equipment maker ASML and Taiwanese chip giant TSMC both reported quarterly earnings that showed AI chip growth in the short to medium term.

Persons: —, Joe Biden, Biden, Pat Gelsinger, Gelsinger Organizations: Intel, CNBC, Service, Tech, Street, Qualcomm, Business Insider Locations: Altera, Washington

☆ 2025 could bring a wave of healthcare IPOs. Here's what startups should know, according to a top banker.
▼ + stars: | 2024-10-18 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

The healthcare market looks nearly ready for the next wave of IPOs. But the next wave of public healthcare companies looks to be on the horizon. At least two healthcare companies are considering public-market debuts in the not-so-distant future. SVB SecuritiesI spoke with him about what the next wave of healthcare IPOs could bring — and which healthcare startups are in the best position to test the public markets. What models do you expect the healthcare market to favor in this next round of IPOs?

Persons: Jon Swope, —, It's, Health confidentially, haven't, there's, Waystar, healthtech Organizations: Barclays, Service, Health, healthtech, SVB Securities, Accolade, Healthcare, Walmart, Big Tech Locations: IPOs, healthtech, Waystar

☆ Butterball is making the worst part of cooking a Thanksgiving turkey much easier
▼ + stars: | 2024-10-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Cooking a Thanksgiving turkey presents a host of unique challenges, including making sure it’s not dry, and making sure it’s delicious. But thawing out a multi-pound frozen bird is the first big one. Butterball has a solution with a new frozen turkey that the company says eliminates the hours-long thawing process. This week, the country’s largest turkey producer unveiled a new “Cook from Frozen” turkey that only has two steps to make it, which are unwrapping it and popping it in the oven. Butterball made a “specially formulated” brine that keeps the meat moist during the roughly 5-hour long roasting process.

Persons: Butterball, Cook, it’s, Neil Saunders, ” Saunders, Harris Teeter Organizations: New, New York CNN, GlobalData, CNN, Walmart, Kroger Locations: New York, Turkey

☆ 'Joker: Folie a Deux' is this year's latest box office flop. Here's what else has disappointed
▼ + stars: | 2024-10-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +11 min

And it's not the only blockbuster-budgeted film to disappoint at the box office this year. "A combination of hits and flops are a hallmark of every box office year," said Paul Dergarabedian, senior media analyst at Comscore. But for more traditional media companies, that have long traded off their successes at the box office, shareholders still want to see a big theatrical return on investment. UniversalEstimated production budget: $80 million$80 million Global box office: $100 million$100 million Release date: Feb. 14, 2024 Sony's Spider-Man universe films have been hit-or-miss at the box office for years. However, despite solid reviews — a 90% "Fresh" rating on Rotten Tomatoes — the film failed to explode at the box office.

Persons: Joaquin Phoenix, Arthur Fleck, It's, Todd Phillips, it's, Paul Dergarabedian, Shawn Robbins, Robbins, Arthur Fleck's, Lady Gaga, Harley Quinn, Eli Roth's, Cate Blanchett, Kevin Hart, Jack Black, Jamie Lee Curtis, Ariana Greenblatt, Blanchett, — Bryce Dallas Howard, Sam Rockwell, Henry Cavill, John Cena, Samuel L, Jackson, Howard, Elly Conway, Guy, Ryan Gosling, Barbie, Emily Blunt, Oppenheimer, Colt, Jody Moreno's, Blunt, Cassandra Webb, Max, George Miller, Chris Hemsworth, Francis Ford Coppola, Cesar Catilina, Adam Driver, — Adam Driver, Dustin Hoffman, Giancarlo Esposito, Laurence Fishburne, Jon Voight, Coppola Organizations: Warner Bros, Universal, Lionsgate, Sony, Hollywood, Netflix, Apple, Arkham State Hospital, Audiences, Rotten, Fury Locations: Lionsgate's, Dua Lipa, New York City, Australia, York City, New Rome

☆ Harvard donations dropped nearly 15% amid wealthy alums' vows to cut off support
▼ + stars: | 2024-10-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Harvard donations are down following a year of campus turmoil. AdvertisementHarvard saw a dip in donations in the most recent fiscal year amid a wave of big-name backers pulling their financial support after fallout from the university's response to the Israel-Hamas war. In fiscal year 2024, which ended June 30, the Ivy League institution brought in just under $1.2 billion in cash gifts, according to a Harvard financial report released Thursday. Some wealthy alumni publicly vowed to suspend donations to Harvard following the university's bungled response to the campus unrest that spread across higher education institutions nationwide last year. Earlier this month, Garber hinted at the coming downturn in donations, telling the university's student newspaper, The Harvard Crimson, that the year's commitments were "disappointing" compared to prior years.

Persons: —, Alan Garber, Garber, Ritu Kalra, Kalru, Karlu, Claudine Gay Organizations: Service, Harvard, Ivy League, University, Business, Harvard Crimson, Bloomberg Locations: Israel

☆ Fiscal discipline in Indonesia can continue, former trade minister says
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFiscal discipline in Indonesia can continue, former trade minister saysFormer Indonesian Trade Minister, Mari Pangestu, says maintaining consumption levels and increasing investments are the answer to achieving the government's 8% growth target. She also discusses the steps and challenges to developing Indonesia's human capital and productivity.

Persons: Mari Pangestu Organizations: Indonesian Trade Minister Locations: Indonesia

☆ Dropbox's CEO explains why the company adopted Jeff Bezos' 'memo-first' meeting culture from Amazon
▼ + stars: | 2024-10-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

The company uses memos in meetings, which begin with attendees reading them and leaving comments. Amazon's Jeff Bezos famously banned PowerPoints in exec meetings, instead asking for 6-page memos. AdvertisementJeff Bezos' rules for meetings at Amazon have made their way to Dropbox. Dropbox CEO Drew Houston said his company has adopted the "memo-first" meeting culture. Instead, he asks for a 6-page "narratively structured" memo, and the meeting kicks off with attendees silently reading it.

Persons: Dropbox, Amazon's Jeff Bezos, —, Jeff Bezos, Drew Houston, you've, Logan Bartlett, Houston, PowerPoints, Bezos, they've Organizations: Service, Amazon Locations: Dropbox

☆ Danielle Collins postpones retirement and will return to WTA Tour in 2025
▼ + stars: | 2024-10-18 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

9 Danielle Collins has postponed her retirement from the sport and will be back competing on the WTA Tour in 2025. I will be back on tour in 2025. While there are no guarantees in life, I hope to build on my 2024 momentum and keep playing until there is more certainty around my personal fertility journey. Collins has lost in the opening round of the three tournaments she has played since losing in the quarterfinals of the Paris Olympics, including her home US Open. Collins last played at the Guadalajara Open in September but has been named in the USA’s United Cup team starting on December 27.

Persons: Danielle Collins, Collins, ”, I’ve, ” Collins, Iga, –, Caroline Dolehide, Ben Stiller’s ‘, Gaylord ‘ Greg ’ Focker Organizations: CNN, WTA, American, Miami, Charleston, Paris, United Locations: Flushing Meadows, Guadalajara

☆ Parents of resilient kids always do these 7 things, says psychology professor and child development expert
▼ + stars: | 2024-10-18 | by ( Tovah P. Klein | ) www.cnbc.com time to read: +7 min

There are other ways to help children become independent, resourceful, caring people who can handle life's ups and downs and thrive. Ask yourself: "Can my child handle this challenge?" Instead, help your child accept hard feelings by reiterating that all feelings are normal and they're loved no matter what. When you're harsh with your child, they learn to use the same tactics to get what they want or need. Tovah P. Klein, PhD, is a psychology professor at Barnard College and the director of Barnard's Center for Toddler Development.

Persons: I've, you'll, they'll, you've, they're, scold, Klein Organizations: Barnard College, Barnard's Center

☆ As Mets show fatigue in NLCS, time could be ticking on their magical season
▼ + stars: | 2024-10-18 | by ( Will Sammon | ) www.nytimes.com time to read: +6 min

AdvertisementTime’s almost up on the New York Mets’ season. Worse than those numbers, because teams have mounted comebacks facing such deficits, the Mets look like they have run out of gas. “Sean (Manaea) said it the other day,” Mets manager Carlos Mendoza said when asked if his rotation had hit a proverbial wall. “We’ve gone through a lot this year,” Peterson said, “and it’s made us who we are at this point.”The Mets are hoping to keep alive an improbable season that’s included Grimace and OMG. And it hasn’t been just the Mets’ rotation that has seemingly run out of gas in this series.

Persons: Francisco Lindor, Sean, Manaea, Carlos Mendoza, “, Mendoza, ”, You’ve, That’s, there’d, Jose Quintana, Luke Hales, hasn’t, ” Mendoza, Luis Severino, Jack Flaherty, José Buttó, Buttó, It’s, David Peterson, Peterson, “ We’ve, ” Peterson, it’s, Grimace, Dustin Satloff, Lindor, Jose Iglesias, Francisco Alvarez haven’t, Brandon Nimmo, Frank Franklin II Organizations: Citi, what’s, New York Mets, Mets, National League, Los Angeles Dodgers, Dodgers, ” Mets, Athletic, Associated Press Locations: . New York, Quintana, Manaea, Los Angeles, Milwaukee

CNN —Texas death row inmate Robert Roberson sat praying in a cell Thursday night, just feet from the execution chamber where he was set to die by lethal injection for the “shaken baby” death of his toddler. Just over 90 minutes before Roberson’s execution was set to begin, the House committee was able to secure a temporary restraining order against the state, pausing the execution. Roberson’s case is called into questionAdvocates for Roberson insist the diagnosis that his daughter died from shaken baby syndrome is inaccurate and has been discredited. Shaken baby syndrome is accepted as a valid diagnosis by the American Academy of Pediatrics and supported by child abuse pediatricians who spoke with CNN. Since 1992, courts in at least 17 states and the US Army have exonerated 32 people convicted in shaken baby syndrome cases, according to the National Registry of Exonerations.

Persons: Robert Roberson, Nikki, Roberson, God, “, ”, Amanda Hernandez, Robert Roberson –, Gretchen Sween, Joe Moody, Jeff Leach, Jennifer Roberson, Robert, “ It’s, Brian Wharton, Wharton, ” Wharton, “ We’ve, ” Roberson, –, Moody, Leach, Greg Abbott, Ken Paxton, pediatricians, Nikki Curtis, Nikki “, Dr, Sandeep Narang, Antoinette Laskey Organizations: CNN, Texas Supreme, Texas House, Texas Department, Criminal, Texas, US, Appeals, Criminal Justice, Division, Texans, Huntsville Unit, Texas Capitol, Texas Gov, American Academy of Pediatrics, US Army, National Registry, American Academy of Pediatrics ’, Child Locations: Texas, Palestine , Texas

☆ Millions lose power every year because of extreme weather. Here’s how experts say we can prevent it
▼ + stars: | 2024-10-18 | by ( Ella Nilsen | ) edition.cnn.com time to read: +5 min

This ability to get electricity from one part of the country to another is ever more important as America’s grid is lashed by increasingly extreme weather. Extreme weather isn’t the only reason the grid needs to expand. “We run a VHS grid for a Hulu economy.”America’s grid is actually three grids: the Eastern and Western interconnections, plus the independent Texas grid. The physical electrical lines connecting all of the systems are fragile and outdated, experts told CNN. Clements cautioned that even a bigger grid can’t solve all the challenges posed by climate change-fueled extreme weather.

Persons: Cary Kottler, ” Kottler, Helene, Milton, ”, Allison Clements, “, you’ve, Clements, ” Clements, Rob Gramlich, Ariel Horowitz, Horowitz, Biden, Jennifer Granholm, there’s, Hurricane Helene Organizations: CNN, Texans, Pattern, Energy, “, Energy Department, DOE Locations: Uri, Texas, California

☆ CVS to replace CEO Karen Lynch with exec David Joyner as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +1 min

A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, comes as CVS shares have fallen nearly 20% this year. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter.

Persons: David Joyner, Karen Lynch, CVS Organizations: CVS, CVS Health Corp, Aetna Locations: Woonsocket , Rhode Island, U.S

☆ The commercial real estate recovery is on, but the rebound may be uneven
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Howard Schnapp | Newsday | Getty ImagesThe tide could be turning for commercial real estate. That could give interest rate-sensitive sectors such as commercial real estate long-awaited positive momentum. While lower rates are not a "magic bullet," the easing of the Fed's monetary policy "lays the groundwork for a commercial real estate recovery," analysts wrote in a follow-up report in late September. More than $40 billion in transactions occurred during the second quarter, a 13.9% jump quarter over quarter, but still 9.4% lower year over year, according to real estate data intelligence firm Altus Group. While these dynamics could set the stage for a broader recovery, with some major subsectors such as commercial retail real estate picking up in tandem, the path forward will likely be uneven.

Persons: Howard Schnapp, Alan Todd, Todd, Willy Walker, Walker, Dunlop, what's, Wells, Wells Fargo, —, Chad Littell, Littell Organizations: Newsday, Federal Reserve, Bank of America, CNBC, REIT, Real, Board, New York, U.S, Capital Locations: Melville , New York, Wells, U.S, Manhattan, Wells Fargo

☆ Cisco strategy manager says combining 5G with established tech can help companies get ahead
▼ + stars: | 2024-10-18 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

This article is part of "5G and Connectivity Playbook," a series exploring one of our time's most important tech innovations. But to get the most value out of it, organizations should focus on how it interacts with the complementary technologies surrounding it, Dan Crawford, a strategy manager at Cisco, said. BI spoke with Crawford about these challenges, the types of complementary technologies that can help companies boost connectivity, and how they could unlock 5G's full potential. What types of complementary technologies should companies focus on to enhance 5G's capabilities? How does breaking down siloes and focusing on complementary technology benefit businesses?

Persons: —, Dan Crawford, Crawford, We're Organizations: Service, Cisco, 5G

☆ Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +7 min

DirecTV still provides bars, restaurants, small businesses and hotels with game access — but it no longer has the exclusive rights. As a condition of that deal, EverPass included the right to build its own commercial streaming connection for “Sunday Ticket,” bypassing third-party licensing. EverPass sets all the pricing for “Sunday Ticket,” both for its new streaming product and DirecTV’s satellite offering. Sports bars concerned about having all of their TVs show games without a delay probably would opt for the DirecTV product. 3) Certain commercial establishments are using YouTube’s “Sunday Ticket” and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: DirecTV’s, EverPass, Lillian Rizzo, —, ”, Alex Sherman, Everpass, It’s Organizations: NFL, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, CNBC, Amazon Prime, ESPN, “, Dish Network Locations: Apple

WASHINGTON — The Biden administration announced a milestone Thursday in its effort to cancel Americans' student debt: it has provided relief to more than one million borrowers who work in public service. The Education Department said that before Biden's presidency, only 7,000 public servants had ever received student debt relief through the Public Service Loan Forgiveness Program. The milestone comes after the administration has faced legal challenges to a number of its student debt relief proposals and roadblocks put up by court rulings. The Supreme Court, for example, ruled last year that the administration’s original student debt forgiveness program couldn't take effect. That plan would have benefited 43 million borrowers by canceling up to $20,000 in debt, potentially costing more than $400 billion.

Persons: WASHINGTON —, Joe Biden, Biden's, Miguel Cardona, ” Cardona, Cardona, Kamala Harris Organizations: Biden, of Education's Public, The Education Department, Public, Education Department, Republican

They’ve become a part of the fabric of New York City life, slipping in and out of subway cars and calling out to riders as they try to sell their wares, typically an assortment of candy bars and gum. Often the candy and fruit vendors are migrant women, sometimes seen with their young children in tow. A city-run program called Promise NYC has tried to ease some of the challenges by partnering with local organizations to provide free child care through subsidy payments to child care centers that enroll migrant children. A survey conducted by Algun Dia, the migrant vendors outreach project, found that the need stretched across many families. “We found that 84% of the individuals that we had surveyed were vending out of necessity, and they were doing so because of their lack of child care.

Persons: They’ve, Algun Dia, Lorena, ” Lorena, It’s, ”, Liza Schwartzwald, Tiffany Hervas, Hervas Organizations: NBC News, U.S, NBC, Food, city’s Sanitation Department, NBC News New York City, New York City, New York Immigration Coalition, Algun Locations: New York City, Manhattan, Queens, Algun, U.S, Ecuador, New York

☆ Unity's new CEO pitches 'fundamentally different company' after rough year
▼ + stars: | 2024-10-17 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Five months into his tenure as CEO of Unity Software , Matt Bromberg is overseeing his first big product launch as he tries to push the company past an extended stretch of challenges. On Friday, the video game software company announced the sixth version of its flagship product, Unity Engine, a set of tools developers can use to produce games across a number of devices, including iPhones and Android phones. He previously spent almost six years as COO of mobile game company Zynga, which was acquired by Take-Two Interactive in 2022, and more than four years at Electronic Arts . James Whitehurst, former CEO of Red Hat, was serving as interim CEO until Bromberg joined. The new CEO's first big challenge was unwinding Riccitiello's decision to implement what became known as the "Unity Runtime Fee."

Persons: Matt Bromberg, Bromberg, we're, John Riccitiello, James Whitehurst Organizations: Unity Software, CNBC, Zynga, Electronic Arts, Bromberg's, Red

☆ Chinese robotaxi firm Pony AI files for U.S IPO
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year. The number of Chinese companies that pursued stock market flotations in the U.S. dropped in the past few years after Beijing clamped down on offshore capital-raising in 2021. EV maker Zeekr's debut in May was the first big listing by a Chinese company in the U.S. since then. Pony AI has applied to list on the Nasdaq stock exchange under the ticker symbol "PONY."

Persons: Saudi Arabia's NEOM, BingEx, Goldman Sachs Organizations: Toyota, U.S . Federal Reserve, Japan's Toyota, Saudi Arabia's, Zeekr's, Nasdaq, BofA Securities, Deutsche Bank, Huatai Securities, Tiger, underwriters Locations: Beijing, China, U.S, Saudi

Search resuls for: "CHALLENGES"

25 mentions found