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☆ Peter Thiel says he found out Donald Trump cursed and called him a 'scumbag' after he refused to donate to his 2024 campaign
▼ + stars: | 2023-11-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Peter Thiel told The Atlantic that he won't be donating to any politician for the next presidential campaign. And when Thiel declined, Trump later called him a "fucking scumbag." AdvertisementAdvertisementAfter Peter Thiel told Donald Trump he wouldn't be donating any money to his campaign, the former president called him a "fucking scumbag," The Atlantic reported. Thiel told the magazine that when he declined, Trump "told me that he was very sad, very sad to hear that." AdvertisementAdvertisementTrump called Thiel a "fucking scumbag" and had discouraged Masters from running for Senate again, according to The Atlantic's profile.

Persons: Peter Thiel, Donald Trump, Thiel, Trump, —, Blake Masters, JD Vance, he'd, Vance, couldn't Organizations: Service, PayPal, Venture, Senate, Atlantic, FBI Locations: Arizona, Ohio

☆ It's not just Mike Johnson: Porn-tracking software is actually pretty common on the religious right
▼ + stars: | 2023-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Speaker Johnson and his son use software that notifies one of them if the other watches porn. It's actually rather common in religious circles, and there are several different apps for it. There are several different apps — known as "accountability" software — that allow for this sort of monitoring, including Covenant Eyes, Accountable2You, and EverAccountable. Speaker Johnson uses Covenant Eyes, and says in the unearthed clip that he has an accountability partnership with his then-17-year-old son. According to WIRED, the accountability software industry has ballooned into a "multimillion-dollar ecosystem" and includes hundreds of thousands, if not millions of users around the country.

Persons: Johnson, It's, —, Mike Johnson, that's, Stone, Lamar Odom, — he's, it's, Jesus —, Christopher Johnson, who's, Christian, Johnson's, Michael Holm, Holm Organizations: Service, Twitter, Capitol, WIRED, NBA, Southern Baptist Church, Ohio State University, National Security Agency Locations: Louisiana, Washington, DC, Columbus

☆ Upstart steals march on Atos’s M&A battle
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier Acquire Licensing RightsLONDON, Nov 2 (Reuters Breakingviews) - Atos (ATOS.PA) may have found a helper, and potential acquirer. Smaller rival Onepoint said on Wednesday that it had bought a 9.9% stake in the ailing French IT company. Mustier is trying to implement a plan devised before he took over, which will see Atos split into two entities. Its 10% stake will have cost no more than 70 million euros. If a 900 million euro rights issue included in the split plan is confirmed, the total outlay for the stake will be about 160 million euros.

Persons: Atos, Sarah Meyssonnier, Onepoint, Jean, Pierre Mustier, Daniel Kretinsky, Mustier, Pierre Briançon, Aston Martin, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, French IT, Airbus, Pfizer, Thomson Locations: Paris, France, French, Czech, Orange, cybersecurity

☆ AI, machine learning, and robotics are making the retail supply chain more efficient and resilient — a welcome shift after several rocky years
▼ + stars: | 2023-10-26 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AdvertisementAdvertisementIncreasing efficiencies in the retail supply chain is necessaryPaul Maguire, the head of retail delivery at the digital consultancy Endava, told Insider that embarking on a digital transformation was critical to better-connected and more resilient retail supply chains. Digital technology will "close gaps in supply-chain visibility" and help retailers "manage future unforeseen surges in product demand," he said. These innovations will "continue to bolster and streamline the retail supply chain as they become even more sophisticated," Maguire said. AdvertisementAdvertisementTo survive, Perry said that the retail supply chain must take steps to become more agile and flexible. ScanditA data-driven tech strategy can also help retailers appeal to sustainability-conscious consumers.

Persons: —, Paul Maguire, Maguire, John Perry, Perry, they'd, Wunderman, Arifi, Naji, Wunderman Thompson, Samuel Mueller, Mueller Organizations: Service, SCALA Consulting, Wunderman Thompson Commerce & Technology, DFS, Wunderman Thompson Commerce, Technology Locations: Ukraine, SCALA, British

☆ Thanks to Big Data, Landlords Know How to Squeeze the Most Out of Renters
▼ + stars: | 2023-10-24 | by ( Will Parker | ) www.wsj.com time to read: 1 min

If you want to know why apartment rents got so high, some people say look to big data. Many landlords outsourced their pricing decisions to software that told them what rents to charge. Then they direct landlords on how much to increase rent for each lease renewal, or what to ask for newly vacated apartments. Algorithms and other big data have changed the way many landlords do business. Many building owners also once believed keeping their apartment buildings as full as possible was the best way to maximize profits.

Persons: wasn’t

☆ The U.S. is trying to tighten the screws on Chinese AI. What that means for stocks
▼ + stars: | 2023-10-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The artificial intelligence behind ChatGPT-like products and autonomous driving is driving enormous demand for Nvidia's chips in China. Chinese companies also dominate the burgeoning electric car market , where Nvidia has had a fast-growing business of selling chips for assisted and fully autonomous driving. When it comes to such chips for cars, Nomura analysts said there's little reason to worry. Auto chip market BYD, Nio , Li Auto and Xpeng are among the China-based electric automakers using the Orin chip. In the automotive chip category, they noted Nvidia's Thor chip and Qualcomm's Snapdragon Ride Flex chip both fall into that more advanced category.

Persons: Orin, Orin X, Joel Ying, Li Auto, Albert Liu, Weeks, Kneron, Liu, Julian Ma, Ma, Inceptio, Nomura, Inovance Organizations: Nvidia, Nomura, Nomura China Technology, Auto, CNBC's East Tech West, Apple, HSBC, SEC, U.S, Management Locations: China, U.S, Nomura China, South, German, Inovance's, Hong Kong

☆ Neighbors app floods police inboxes with alerts that have nothing to do with crimes
▼ + stars: | 2023-10-11 | by ( Lam Thuy Vo | ) www.businessinsider.com time to read: +17 min

People can use Neighbors to publish footage alongside their posts; when the posts are forwarded to police officers, officers can click through to view the accompanying media. "All posts and comments on Neighbors are publicly viewable on the Neighbors feed by users and public safety agencies alike. As with Poole, other LAPD officers The Markup identified as using Neighbors to keep tabs on crime did not respond to requests for interviews. To familiarize LAPD officers with the platform, the company organized in-person training sessions as well as video calls. In this dataset, at least 26 LAPD officers posted in Neighbors at least once and received responses from users.

Persons: —, Poole, Craig Newmark, Detective Poole, Albert Fox Cahn, isn't, It's, Cahn, Ring, Mai Nguyen, Nguyen, Sarah Brayne, Peter Polack, Jamie Siminoff, didn't, Siminoff, Shaquille O'Neal, Neighbors, Andrew Guthrie Ferguson, Andrea Han, Drake Madison Organizations: Service, Los Angeles Times, Los Angeles Police Department, Ring News, LAPD, NYCity, Craig Newmark Graduate School of Journalism, CUNY, NBC, University of Texas, Employees, Intercept, Ebay, Neighbors Public Safety Service, Neighbors, Ring's, Los Angeles, Guardian, American University Washington College of Law, Data, didn't, Network Locations: Jeffry, United States, Neighbors, Angeles, Austin, Los, Shadow, Tuna, North Hollywood, RVs, Panera

BANGKOK (AP) — Asian shares have climbed after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer. Oil prices, which had climbed Monday on worries about the violence in the Middle East, fell back. Oil prices already were volatile. Interest rates, and expectations for where they will go, have been driving Wall Street's swings more than anything since the start of last year. Investors dislike higher interest rates because they knock down prices for stocks and other investments.

Persons: Kospi, Brent, Amarpreet Singh, JPMorgan Chase Organizations: Wall, Nikkei, Federal Reserve, Fed, Dow Jones Industrial, Nasdaq, New York Mercantile Exchange, Brent, Barclays, Wall Street's, Halliburton, U.S . Treasury, Delta Air Lines, JPMorgan, UnitedHealth Group, U.S . Locations: BANGKOK, Gaza, Hong Kong, Australia, Bangkok, China's, Israel, Saudi Arabia, Wall, U.S

BANGKOK (AP) — Share prices were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures were lower and oil prices gained more than $3 a barrel. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies. Wall Street hates high interest rates because they knock down prices for all kinds of investments. It means the economy is still doing well despite high rates, which could support corporate profits.

Persons: ” Stephen Innes, Brent, India's Sensex, SET, Lloyd Austin, GM, JPMorgan Chase Organizations: Management, New York Mercantile Exchange, Shanghai, U.S . Defense, Ford, Wall Street, Federal Reserve, Dow, Nasdaq, Treasury, Fed, Workers, General Motors, United Auto Workers, Detroit’s, Delta Air Lines, JPMorgan, UnitedHealth Group Locations: BANGKOK, Gaza, Tokyo, Australia, Hong, Palestinian, Israel

BANGKOK (AP) — Crude oil prices surged and share prices were mostly lower on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. Oil prices fell back slightly after gaining more than $3 a barrel. Conflict in the Middle East often pushes oil prices higher given the risk of disruptions to supplies. Wall Street hates high interest rates because they hurt prices for all kinds of investments. It means the economy is still doing well despite high rates, which could support corporate profits.

Persons: ” Stephen Innes, Brent, Germany's DAX, Australia's, India's Sensex, Lloyd Austin, GM, JPMorgan Chase, Jon Gambrell Organizations: Management, New York Mercantile Exchange, Israel’s, Bank, U.S ., CAC, Dow, U.S . Defense, Ford, Wall Street, Federal Reserve, Nasdaq, Fed, General Motors, United Auto Workers, Detroit’s, Delta Air Lines, JPMorgan, UnitedHealth Group Locations: BANGKOK, Gaza, Tel, Paris, London, Shanghai, Hong Kong, Bangkok, Tokyo, Palestinian, Israel, Jerusalem

☆ The Queen’s question returns with a vengeance
▼ + stars: | 2023-10-06 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

The world’s leading central banks had spent the previous two decades focusing on low inflation, neglecting risks to financial stability. Central bankers counter correctly that predictive accuracy is not the same as explanatory power. Yet it is far from clear how today’s independent central banks should respond to these overtly political struggles. In 2021, when the Phillips Curve was asleep at the wheel, the growth in the money supply was flashing red. The unfortunate truth is that there are many answers to the Queen’s question this time round – but no single magic solution.

Persons: Elizabeth, Prince Andrew , Duke, York, Prince Philip , Duke of Edinburgh, Tom Nicholson, Queen Elizabeth, Ben Bernanke, don’t, Phillips, Isabella Weber, Guido Lorenzoni, Andrew Bailey, monetarism, Milton Friedman, Anna Schwartz, Winston Churchill, Bernanke, Peter Thal Larsen, Oliver Taslic, Thomas Shum 私, 「 Organizations: Westminster Abbey, REUTERS, Reuters, Bank of England, U.S . Federal, Phillips, University of Massachusetts Amherst, University of Chicago, MIT, United, 「 Reuters Locations: Westminster, London, Britain, British, Central, Ukraine, Paris, United States

☆ China plans to ease one of the biggest hurdles for foreign business
▼ + stars: | 2023-10-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

China News Service | China News Service | Getty ImagesBEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones. But foreign businesses have found it difficult to comply — if not operate — due to vague wording on terms such as "important data." The country's top executive body, the State Council, in August revealed a 24-point plan for supporting foreign business operations in the country. The text included a call to reduce the frequency of random inspections for companies with low credit risk, and promoting data flows with "green channels" for certain foreign businesses. When U.S. Commerce Secretary Gina Raimondo visited China in August, she called for more action to improve predictability for U.S. businesses in China.

Persons: Reva Goujon, Goujon, Gabriel Wildau, Gina Raimondo, Martin Chorzempa, Samm Sacks, Yale Law School Paul, Chorzempa, Sacks, Beijing's Organizations: China News Service, Getty, Cyberspace Administration of China, Government, European Union Chamber of Commerce, CNBC, EU, State, China Corporate, CAC, State Council, Commerce, Peterson Institute for International Economics, Yale Law School, Yale Law School Paul Tsai China Center and New, Baidu Locations: Chongqing, BEIJING, China, Beijing, Covid, U.S, Yale Law School Paul Tsai China Center and New America

☆ Cramer's Lightning Round: 'Hold off' on AT&T
▼ + stars: | 2023-10-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Columbia Sportswear's year-to-date stock performance. Stock Chart Icon Stock chart icon AT&T's year-to-date stock performance. Stock Chart Icon Stock chart icon Gen Digital's year-to-date stock performance. Stock Chart Icon Stock chart icon Zebra's year-to-date stock performance. Stock Chart Icon Stock chart icon Teradata's year-to-date stock performance.

Persons: they've, Gen, they're, it's Organizations: Columbia, Verizon, Gen, Resources, Canadian Natural Resources Locations: Columbia

☆ CIA planning its own ChatGPT-style tool, weeks after its tech chief urged users to treat AI like their 'crazy, drunk friend'
▼ + stars: | 2023-09-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The program is set to be used by analysts to help with their research, Bloomberg reported. The move comes weeks after the CIA's tech chief told users to treat AI as the "crazy drunk friend." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tool will used across the 18-agency US intelligence community, including those run by branches of the military, per the report. The move comes just weeks after the CIA's chief technology officer advised users to treat AI as "what I call the crazy drunk friend."

Persons: —, We've, Randy Nixon, Nixon, Mulchandani Organizations: CIA, Bloomberg, Service, Central Intelligence Agency, Enterprise, Breaking Defense, Representatives Locations: Washington

☆ China's cutthroat competition hasn't been lost with the slowdown. EV companies fighting to win
▼ + stars: | 2023-09-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

I was in town for an event by Chinese electric car company Nio , which was vying with Huawei's big Connect conference for literal space and attention in a week of tech news. Electric car manufacturers are abuzz In the world of electric cars alone, Baidu -backed startup Jidu launched its car on Tuesday afternoon; Xpeng also unveiled its new G9 electric SUV. Nio, which had just wrapped its fifth car release in four months the prior week, launched a smartphone on Thursday. A competitive spirit, particularly in tech China's cutthroat competition hasn't been lost with the slowdown. While she hasn't had time to give the Nio phone a good look yet, she said she's a regular at the local Nio House, and invites family and friends there.

Persons: Xpeng, Leapmotor, William Li, Li, that's, Meng Wanzhou, JD.com, JD, Peter Alexander, Alexander, Frank Fan, Nio, Angela Cai, Cai, hasn't, she's, — CNBC's Michael Bloom Organizations: Baidu, Wednesday, CNBC, Companies, Huawei, Netflix, Ben Advisors, ., Starbucks, Apple, China, Bank of America Locations: Beijing, Shanghai, Arcfox, U.S, China, China .

☆ Google and the Department of Defense are building an AI-powered microscope to help doctors spot cancer
▼ + stars: | 2023-09-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +9 min

Zafar turned to his microscope – a canonically beloved tool in pathology that the doctors rely on to help make their diagnoses. It's an artificial intelligence-powered microscope built by Google and the U.S. Department of Defense. The AI-powered tool is called an Augmented Reality Microscope, or ARM, and Google and the Department of Defense have been quietly working on it for years. When a glass slide is prepared and fixed under the microscope, the AI is able to outline where cancer is located. For many smaller health systems, digitization is not yet worth the hassle.

Persons: Niels Olson, Nadeem Zafar, Zafar, Zafar's, Mitre Ashley Capoot, Mitre, it's, Ashley Capoot, CNBC Patrick Minot, Minot, Olson, It's, Aashima Gupta, Gupta Organizations: Microscope, U.S . Department of Defense, Google, CNBC, ARM, Department of Defense, Mitre, Minot, Defense Innovation Unit, U.S . Navy, Naval, Naval Medical Center Locations: Seattle, Mitre, Washington ,, DIU, Guam, U.S, Micronesia, San Diego, Mountain View , California

☆ South Korean AI chip intellectual property startup valued at $81.4 million
▼ + stars: | 2023-09-14 | by ( Max A. Cherney | ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSept 14 (Reuters) - The South Korean chip startup Panmnesia has raised a seed round that values it at $81.4 million, the company has said. Chip design software makers Synopsys (SNPS.O) and Cadence Design Systems (CDNS.O) have expressed interest in the company's technology, Jung said. The company raised $12.5 million led by Daekyo Investment. Other investors included SL Investment, Smilegate Investment, GNTech Venture Capital, Time Works Investment, Yuanta Investment and Quantum Ventures Korea. The South Korean government aims to spur the domestic AI chip industry and plans to spend $800 million over the next five years in an attempt to increase the share of Korean AI chips in domestic data centers to 80% in 2030 from essentially zero.

Persons: Dado Ruvic, Myoungsoo Jung, Jung, Max A, Gerry Doyle Organizations: REUTERS, Reuters, Cadence Design Systems, Cadence, Daekyo Investment, SL Investment, Smilegate Investment, GNTech Venture, Time Works Investment, Yuanta, Quantum Ventures, South, Thomson Locations: Quantum Ventures Korea, Korean, San Francisco

[1/2] Chairman and CEO of Vietnam's leading tech firm FPT Truong Gia Binh poses during an interview with Reuters at the company's headquarters in Hanoi, Vietnam September 11, 2023. REUTERS/Francesco Guarascio Acquire Licensing RightsHANOI, Sept 14 (Reuters) - Vietnam's leading tech firm FPT (FPT.HM) has orders for nearly 70 million chips through 2025 and is eyeing expansion in Artificial Intelligence (AI) and technical training, the company's chief said. It offers AI, cloud and big data services to clients in 29 countries and is also growing in chip designing and education. FPT sealed a partnership with U.S. firm Landing AI to boost its training capabilities, the company said. The new law was a "game-changer" because it created the conditions for foreign countries, "other than China", to expand, and U.S. pledges this week to boost Vietnam's chips sector further confirmed that, he said.

Persons: Gia Binh, Francesco Guarascio, FPT, Joe Biden's, Truong Gia Binh, Binh, Francesco Guarascio @fraguarascio, Phuong Nguyen, Lincoln Organizations: Reuters, REUTERS, Rights, Artificial Intelligence, U.S, Nvidia, Samsung, JPMorgan, Thomson Locations: Hanoi, Vietnam, Rights HANOI, Chi Minh City, Moscow, U.S, China, Taiwan, South Korea, Japan, Korean, United States

☆ After Nvidia's 200% rally this year, investors look to the Arm IPO — but the two are very different
▼ + stars: | 2023-09-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Arm is looking to raise nearly $5 billion from the IPO which would value it at over $50 billion. Arm will be "central" to the transition to AI-enabled computing, the company said in its IPO prospectus. While CPUs are also required in the data center, they're often used in conjunction with a GPU to train data, but not always. Arm's future in AIArm's AI future is unlikely to come from the huge amounts of chips required to train big data models. For this to happen, devices will require low-power but high-performance chips able to carry out the computing required for AI applications.

Persons: Pavlo Gonchar, OpenAI's, Jamie Mills O'Brien, CNBC's, Peter Richardson Organizations: ARM, Reuters, Nvidia, CNBC, Apple, Counterpoint Research Locations: Softbank, British

☆ Snowflake CEO says people will soon not be able to remember a world without AI
▼ + stars: | 2023-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Frank Slootman, CEO of data storage and analytics company Snowflake , likened artificial intelligence to search engines, saying that soon many may not remember a world without it. "I've lived long enough that I remember what the world was like before search ... search changed everything," Slootman said. "People will not be able to remember a world before AI pretty soon because it becomes so integral to their life experience." However, he also noted that the hype around generative AI doesn't mean much to big data companies. We've been infatuated with using generative AI for "planning our next trip to Yellowstone and summarizing 'The Great Gatsby' — but "that's not what enterprises do," he said.

Persons: Frank Slootman, I've, Slootman, Snowflake, We've Locations: Yellowstone

☆ European stocks higher in busy week for global economic data; miners up 2.7%
▼ + stars: | 2023-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets climbed Monday morning, kicking off a busy week of economic data releases around the world. Basic resources gained 2.7%, as stocks including Anglo American and Rio Tinto traded higher following gains in metals prices. European marketsInvestors are looking forward to key U.S. inflation data in the week ahead, with the latest consumer price index due Wednesday and producer price index Thursday. The readings come after a string of stronger-than-expected economic data points last week renewed worries that the U.S. Federal Reserve could raise rates more than previously expected. Asia-Pacific markets are also gearing up for big data releases this week.

Persons: Brendan McDermid Organizations: Rio Tinto, Investors, U.S . Federal, Traders, Reuters, Central Bank's Locations: London, Europe, Asia, Pacific, India, China

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Splunk, Peloton, Rivian, AMC & more
▼ + stars: | 2023-08-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by it's buy rating after Nvidia's strong earnings report on Wednesday. Stifel upgrades Nvidia to buy from hold Stifel upgraded the stock after its strong earnings report Wednesday. Bank of America upgrades Williams-Sonoma to neutral from underperform Bank of America said that the downside scenario is now "off the table" for Williams-Sonoma. Bank of America downgrades Vizio to underperform from buy Bank of America double downgraded the stock on concerns about a weakening consumer. Bank of America downgrades Peloton to neutral from buy Bank of America said it sees "limited visibility on growth initiatives" for Peloton .

Persons: Needham, Rivian, it's, Oppenheimer, Goldman Sachs, Goldman, Morgan Stanley, Wedbush, Johnson, Splunk, Raymond James, Piper Sandler, Piper, Wolfe, Charles Schwab, Bernstein, Estee Lauder, Snowflake, Rosenblatt, Read Organizations: Nvidia, Center, Stifel, AMC, Bank of America, underperform Bank of America, Williams, Sonoma, Vizio, Johnson, Prudential, DFS, ADI Locations: CY2024, Williams, Sonoma, Snowflake

☆ The clash of sustainability and AI is creating a challenge for Dell, IBM and others
▼ + stars: | 2023-08-19 | by ( Rachel Curry | ) www.cnbc.com time to read: +7 min

"From our perspective, AI looks like a really big data problem," said Ben Golub, CEO of decentralized cloud storage company Storj. This startup is joined by legacy enterprises like Dell and IBM in tackling data storage efficiency for economic and environmental sustainability. For those that do go decentralized, Lewis says it's still important to maintain what he calls "centralized management of a decentralized architecture." IBM recently launched its Cloud Carbon Calculator, an AI-informed dashboard designed to give clients access to standards-based greenhouse gas emissions data and help manage their cloud carbon footprint. Which workloads are best suited for a decentralized data storage model?

Persons: Andriy Onufriyenko, Ben Golub, Arthur Lewis, Lewis, Golub, Dell, it's, Ermengarde Jabir, Jabir, Alan Peacock, Peacock Organizations: Dell, IBM, Dell Technologies, Infrastructure Solutions, IBM Cloud

☆ China halts release of youth unemployment data, reports other big data misses
▼ + stars: | 2023-08-15 | 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 EmailChina halts release of youth unemployment data, reports other big data missesCNBC's Evelyn Cheng discusses China's suspension of youth unemployment data, and other July economic data that missed expectations.

Persons: Evelyn Cheng Organizations: China

☆ China reports big data miss in July, stops releasing youth unemployment numbers
▼ + stars: | 2023-08-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Retail sales rose by 2.5% in July from a year ago, below expectations for a 4.5% increase, according to analysts polled by Reuters. Within retail sales, catering saw the biggest increase of 15.8%, while sports and entertainment products saw a 2.6% year-on-year increase. Retail sales posted the slowest growth since a decline in December, according to official data. Top leaders in late July signaled a shift away from its crackdown on real estate speculation. But the overall approach to additional stimulus has been cautious, especially in real estate.

Organizations: Bloomberg, Getty, National Bureau, Statistics, Reuters, National Bureau of Statistics, CNBC, Authorities Locations: BEIJING, China

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