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☆ I landed a job with a 'magic circle' law firm but still went all out to get an internship at a US bank. It was the best use of my last summer in college — here's why.
▼ + stars: | 2024-10-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Adrian Teh secured a job offer with a top UK law firm in August 2023, two years before graduating. But that wasn't the case for me — I was also in the running for a summer internship with a US bulge bracket bank. I secured that investment banking internship as well. Adrian TehSpending my summer interning gave me a better sense of what I wanted to do. AdvertisementIn comparison, I thought working in a law firm offered relatively fewer exit opportunities.

Persons: Adrian Teh, Teh, —, interning, I'm Organizations: Service, Singapore Management University, Bankers Locations: Singapore

☆ No other sector has more on the line in this election than energy. How to play it
▼ + stars: | 2024-10-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) have tumbled more than 9% and 10%, respectively. While Trump's platform says he wants to unleash production from all sources, the document specifically calls out oil, gas and nuclear. How voters perceive the two candidates' energy policies could end up playing an influential role in the outcome of the election altogether. While the election will bring short-term volatility, the solar industry remains well positioned for long-term growth, according to Bank of America. About 25% of oil and 10% of natural gas production is on federal land and waters, according to the bank.

Persons: Donald Trump, Kamala Harris, Harris, fracking, Barack Obama, Trump, Steve Fleishman, Roger Read, Read, Biden, Morgan Stanley Organizations: Trump, Republican, Green New, Clean Energy, Bank of America, Keystone State, GOP, Republicans, Democratic, Wolfe Research, Wells, Wells Fargo Securities . Oil, Biden, CNBC, Exxon, Chevron Locations: Wisconsin , Michigan, Pennsylvania, China, Trump, Wells Fargo, U.S, New Mexico, Gulf of Mexico, Alaska, Iran, Tehran

☆ Ukraine's surrender hotline is tempting North Koreans to desert, promising they'll be well fed
▼ + stars: | 2024-10-28 | by ( Kwan Wei Kevin Tan | Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine is offering comfortable beds and warm meals to North Korea troops who surrender to them. AdvertisementUkraine is enticing Russia-bound North Korean troops with comfortable beds and warm meals in exchange for their surrender. AdvertisementOn Sunday, Ukrainian President Volodymyr Zelenskyy said in an evening address on Telegram that North Korean troops "may appear on the battlefield" any day now. Related storiesRussia's use of North Korean troops is another indicator that it's relying more on allies to sustain its wartime efforts. But Ukraine's attempt to encourage North Korean troops to surrender faces distinct hurdles.

Persons: —, Putin, chatbot, Volodymyr Zelenskyy, Zelenskyy, Joseph S, Bermudez Jr, Kim, Bermudez, Bruce W, Bennett Organizations: Service, Korean People's Army, YouTube, North, Business Insider, Ukraine, Pyongyang that'll, Center for International, Strategic Studies, Workers ' Party of, RAND Locations: Ukraine, Korea, North Korea, Russia, South Korea, Europe, Pyongyang, Workers ' Party of Korea

☆ The chicken sandwich wars are over. Make way for the chicken tender battle.
▼ + stars: | 2024-10-26 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +7 min

As the "chicken sandwich wars" that dominated the industry in the early 2020s cool off, chains are now preparing for the chicken-tender battle. AdvertisementChicken is a huge area of opportunity for fast-food brandsThe release of Popeyes' iconic chicken sandwich kicked off the chicken sandwich wars. It released a new recipe for its original chicken tenders on October 18, hoping to spark what the chain called the "chicken tender battle." KFC launched a new style of chicken tenders it hopes will start the "chicken tender battle." As chicken tenders gear up for a takeover, chicken sandwich wars are already yesterday's headlines.

Persons: —, Gen, Irene Jiang, Gen Z, Popeyes, Burger King, Cane's, Catherine Tan, Gillespie, Erin McDowell, McDonald's, Hollis Johnson, George Felix, Felix, Chipotle, Perdue, It's Organizations: KFC, Service, Business, Restaurant Business, Revenue Management Solutions, Bloomberg, Cane's KFC, New York, Wine, Food Festival Locations: Manchester , New Hampshire, Burger, coleslaw, Texas

☆ Putin has spent years championing de-dollarization — but a new reality is setting in
▼ + stars: | 2024-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Russia faces sweeping sanctions over its full-scale invasion of Ukraine and has been locked out of the US dollar-dominated global financial system, including the widely used SWIFT financial messaging system, making payments and transactions challenging. The Kazan Declaration, issued Wednesday, did not mention global dollar dominance — but it highlighted alternatives. AdvertisementChina — even though it's in a prolonged slowdown — is expected to be the top contributor, accounting for about one-fifth of global growth over the five years. AdvertisementHowever, BRICS economies have a smaller global presence in global financial flows, limiting the impact of de-dollarization, the ING analysts added. Other issues include what countries would use the alternative currencies for and if the West would sanction such alternative systems, he said.

Persons: Vladimir Putin, Putin, —, he's, Alexander Kolyandr, Tom Keatinge Organizations: Service, ING, United, United Arab Emirates, Bloomberg, International Monetary, Center for, Centre for Finance, Security, Royal United Services Institute Locations: BRICS, Russian, Kazan, Russia, Ukraine, cryptocurrencies, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, United Arab, USA

☆ Newest 'Queer Eye' Fab Five member Jeremiah Brent went from being homeless to a successful interior designer
▼ + stars: | 2024-10-25 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Interior designer Jeremiah Brent will star in season nine of "Queer Eye," premiering in December. AdvertisementJeremiah Brent is a renowned interior designer, TV personality, author, podcaster, and now, one of the Fab Five on season nine of Netflix's "Queer Eye." After working as a styling associate for Zoe, Brent launched his own design firm, Jeremiah Brent Design (JBD), in 2011. Brent said there's 'no drama' with his 'Queer Eye' costarsBrent was already friends with "Queer Eye" fashion expert France prior to landing a spot on the show. In an interview with House Beautiful, published in March, Brent spoke positively about his experience with his "Queer Eye" costars.

Persons: Jeremiah Brent, Brent, Rachel Zoe Project, —, Bobby Berk's, Jonathan van Ness, Karamo Brown, Antoni Porowski, Tan, Kelly Clarkson, Oprah Winfrey, Drew Barrymore, Zoe, Stefanie Keenan, Rachel Zoe, Jeremiah Brent Design, He's, Nate Berkus, Berkus, Poppy, Oskar, there's, Berk, Porowski, I've Organizations: Service, Covenant, Covenant House, Entertainment, Netflix Locations: LA, Tan France, Las Vegas, Modesto , California, Los Angeles, Covenant House Los Angeles, California, Hollywood, NYC, Manhattan, surrogates, France, Porowski

☆ Here are Oppenheimer's best stock ideas heading into November
▼ + stars: | 2024-10-24 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Looking ahead to November, Oppenheimer has updated its top stock ideas list, which features additions such as CarMax , Mastercard and Atlassian . He has an outperform rating on the stock, and his price target implies nearly 26% upside from Wednesday's close. Analyst Ittai Kidron has an outperform rating on the stock, and his $230 target reflects nearly 22% upside, as of Wednesday's close. That implies more than 15% upside from Wednesday's close. Evercore ISI also added Broadcom to its top chip stock picks ahead of its earnings report later in the year.

Persons: Oppenheimer, Michael Wiederhorn, Cigna, Ittai Kidron, Kidron, Atlassian, Morgan Stanley, Rick Schafer, Schafer, Hock Tan Organizations: Dow Jones, Nasdaq, Mastercard, Dick's Sporting Goods, Bloomberg, Humana, Bloomberg News, Broadcom, ISI

☆ TSMC chips reportedly ended up at Huawei. It raises concerns about 'shadow networks' bypassing US sanctions.
▼ + stars: | 2024-10-24 | by ( Huileng Tan | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

TSMC halted shipments to a client after its chips were found in Huawei products, per reports. Min-yen Chiang, a researcher, told BI it raises the questions about a "shadow network" of chip supply. TSMC, Huawei, and the Commerce Department did not immediately respond to Business Insider's requests for comments. Related storiesA 'shadow network' of chipsThe report adds to US concerns that Huawei is potentially obtaining advanced chips despite being blacklisted since 2020. "This question is slightly different than whether Huawei got restricted chips from TSMC through illegal channels," she told GZERO Media, a subsidiary of the Eurasia Group.

Persons: Chiang, —, TSMC, John Moolenaar, Moolenaar, Kate Leaman, Leaman, JW Kuo, Xiaomeng Lu, Lu Organizations: Huawei, Service, Taiwan Semiconductor Manufacturing Company, Huawei Technologies, AFP, Bloomberg, Chinese Communist Party, CCP, BIS, Commerce Department, US Commerce Department, Apple, Nvidia, Export, US Commerce, agency's Bureau of Industry, Security, Eurasia Group, GZERO Media Locations: Taipei

☆ Boeing said it's lost another $250 million on the Starliner project
▼ + stars: | 2024-10-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Boeing has recorded another $250 million loss on its Starliner program. Boeing has lost $1.85 billion on the Starliner program to date. AdvertisementAerospace manufacturer Boeing said on Wednesday that it was incurring an additional $250 million charge against earnings on its beleaguered Starliner program. This is in addition to the $125 million charge against earnings Boeing recorded in the second quarter of this year. Boeing has lost $1.85 billion on the Starliner program to date.

Persons: Kelly Ortberg, —, Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, Ortberg, Boeing's Organizations: Boeing, New, Service, Aerospace, Space, NASA, SpaceX, SEC, Ortberg, Business Insider, Max, Airlines, Wednesday Locations: New Mexico, Oregon, California

☆ BRICS' new declaration shows Russia's war still can't get the international backing that Moscow wants
▼ + stars: | 2024-10-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

BRICS' Kazan Declaration on Wednesday contained 134 points — and only one discussed the Ukraine war. It shows that Russia still has trouble getting friendly countries on board with the war, per the ISW. AdvertisementOver two dozen world leaders at this year's BRICS summit ended Wednesday's talks with the Kazan Declaration, a 134-point summary of their agreements. "The Kazan Declaration notably only mentioned Russia's war in Ukraine once," the Washington-based think tank wrote. The declaration "demonstrated that Russia has not yet secured the international support nor created the alternative security structure that the Kremlin desires," ISW added.

Persons: BRICS, —, Vladimir Putin, ISW, Huileng Tan, Putin Organizations: UN, Service, United Nations, Kyiv, South Sudanese, Mastercard Locations: Kazan, Ukraine, Russia, China, Washington, Nazi, Moscow, Brazil, India, Syria, Tel, Lebanon, Gaza, Republic, Tatarstan

☆ Why is the Japanese yen hovering near three-month lows against the dollar
▼ + stars: | 2024-10-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

A queue of people forms outside a money changer (L) as people wait to buy and sell the Japanese yen against foreign currency, along a street in central Tokyo on April 29, 2024. In the past, weakness in the Japanese currency has been attributed to the difference between the U.S. and Japanese interest rates as lower rates tend to pressure currencies, while higher rates lift them up. Japan had negative rates for about eight years, keeping it's currency weak compared to the dollar. The Japanese yen is hovering near three-month lows against the U.S. dollar, after hitting 153.18 late Wednesday. "The annualised 1-month deposit rate for yen is +0.03%, while it is 4.76% for the U.S. dollar.

Persons: Alvin Tan, Homin Lee, Lombard Odier, Donald Trump, Lee, RBC's Tan, Hugh Chung Organizations: Federal, Bank of Japan, U.S, U.S ., Asia FX, RBC Capital Markets, CNBC Locations: Tokyo, Japan, Asia, Swiss, U.S

☆ Sudan: ‘The world doesn’t see us’, said a militia chief while holding Clarissa Ward captive in Darfur
▼ + stars: | 2024-10-23 | by ( Clarissa Ward | ) edition.cnn.com time to read: +12 min

North Darfur, Sudan CNN —“La tasweer! During our journey in and out of North Darfur, we spent many hours traversing the remote region on sandy tracks. During our time in North Darfur, we passed at least six cell phone towers but none of them were operational. “The world doesn’t see us, the help doesn’t come,” the security chief mused to me one afternoon. The security chief poses with Scott McWhinnie and Clarissa Ward after announcing the team would be released.

Persons: Sudan CNN —, hemming, Scott McWhinnie, “, we’re, ”, Brent Swails, “ What’s, Clarissa Ward, Abdul Wahid al, Tawila, Abu Gamra, Don’t, don’t, Scott’s, Ward, ” Michel Lacharité, mused Organizations: Sudan CNN, CNN, Sudan Liberation Movement, Sudanese Armed Forces, SAF, Rapid Support Forces, UN, Toyota Land Cruiser, US, Emergency Operations, Yale Humanitarian Research Locations: Darfur, Sudan, North Darfur, El Fasher, Tawila, El, Ukraine, Gaza, New York City, Abu, Port Sudan, Geneva, Adre, Chad, Zamzam

☆ The CEO of Ford says he's been driving a Xiaomi EV for the past 6 months and doesn't want to give it up
▼ + stars: | 2024-10-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley says he's been driving the Chinese tech giant Xiaomi's EV for the past six months. AdvertisementFord CEO Jim Farley says he doesn't want to give up the Xiaomi Speed Ultra 7 he's been driving for the past half year. "I don't like talking about the competition so much, but I drive the Xiaomi," Farley said while speaking to the British presenter Robert Llewellyn on "The Fully Charged Podcast." The Chinese tech giant produces three versions of the car: SU7, SU7 Pro, and SU7 Max. Competing with rivals such as Xiaomi will be critical for Ford as it formulates its approach to the EV market.

Persons: Jim Farley, he's, Farley, Xiaomi, —, Robert Llewellyn, Llewellyn, I've, SU7 Max, Farley didn't, They're, BI's Matthew Loh, Loh, John Lawler, Jim, Lawler, Ford Organizations: Service, Ford, Business Insider, EV, China, Street, Changan Automobile, Research, Business Locations: British, Shanghai, Chicago, China, Brazil, Thailand

There's a common belief that lower borrowing costs benefit so-called growth stocks, as they're often capital-intensive. "History also suggests value should outperform growth, at least over the six months following the first rate cut," he said. If the economic situation becomes a "hard-landing," however, he said that growth stocks could outperform. If it normalizes (i.e., becomes more upward sloping), value should outperform growth," he said, referring to a situation where short-term rates are lower than long-term rates. "Lower multiple value stocks have greater upside and less risk than the pricier 'glamor growth' group for the foreseeable future," Ball said.

Persons: Adam Turnquist, Savita Subramanian, CNBC's, we've, Janjigian, Vanguard Russell, Venu Krishna, George Ball, Sanders Morris, Ball Organizations: U.S, Tech, CNBC Pro, LPL, BofA Securities, Greenwich Wealth Management, Vanguard, Index, Barclays, Krishna, Presidential Locations: U.S . Federal

☆ 2 of the world's biggest oil producers are looking for new ways to power their economies
▼ + stars: | 2024-10-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions. Oil prices have been depressed this year because China — the world's largest oil importer — is in a prolonged economic downturn. Last year, they each accounted for 11% of the world's oil supply. This means that Saudi Arabia is looking to corner a larger market share instead of targeting higher profit margins by restricting output. Advertisement"But the problem is when oil prices spike, it sends oil companies searching for temporarily profitable oil," he added, referring to the US shale boom as the most recent example.

Persons: —, Abishur Prakash, Prakash, Anton Siluanov, Matthew Huber, we're, Huber Organizations: Service, —, Financial Times, International Energy Agency, Brent, US West Texas, Syracuse University, Saudi, Trump, OPEC Locations: Saudi Arabia, Russia, China, Toronto, Israel, Iran, Europe, OPEC

☆ Kamala Harris: A jittery campaign makes big plans to clinch a narrow win
▼ + stars: | 2024-10-22 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +15 min

To get there, the campaign is finalizing marquee, attention-grabbing events showcasing Harris, with symbolic backdrops aimed at driving home the message. JB Pritzker, a Harris campaign co-chair. Harris supporters wear custom “Kamala is brat” shirts at a rally in Milwaukee on August 20, 2024. The Harris aides CNN spoke to expressed a jittery self-confidence, but they also kept using phrases such as“jump ball” and “down to the wire” and the occasional emoji with nauseous green cheeks. But some Harris voters and even some on-the-ground operatives and volunteers are.

Persons: Kamala Harris ’, They’re, Donald Trump, ”, Arnold Palmer, they’ll, Harris, Jen O’Malley Dillon, ” David Plouffe, Barack Obama’s, ” Plouffe, –, Joe Biden –, Donald Trump wouldn’t, “, JB Pritzker, Kamala, Jovanny Hernandez, Doug, “ Kamala, CNN, ’, Mary, Charlamagne, Julia Roberts ’, “ We’re, Trump, Biden, White, Tim Walz, Charlie Neibergall, ” Walz, Michael Flynn’s, Mike Flynn’s, ’ ” Walz, We’re, Jaime Harrison’s, it’s, Martin Luther King Jr, Harrison, Ketanji Brown Jackson, Frederick Douglass ’, ” Harrison, can’t, Liz Cheney, who’ve, ” Nancy Quarles, ” Quarles, Jennifer Norris, Walz, Blaine McKillip, Ronald Reagan, They’ve, McKillip, ‘, “ I’m, Jim Watson, Chris Deluzio, ” Deluzio, “ They’re, ” Harris, Plouffe, ” CNN’s Alison Main Organizations: CNN, Trump, Democrats, Gov, Milwaukee Journal Sentinel, USA, Jewish, Democratic, Biden, “, Minnesota Gov, Minnesota, Advisers, Democratic National, Pennsylvania Academy, Fine Arts, Supreme, Republican, Wyoming, Republicans, Oakland County Democratic Party, Saunders County Democrats, Harris, Getty Locations: ”, Pennsylvania, Philadelphia, Milwaukee, Southfield , Michigan, Georgia, Minnesota, Papillion , Nebraska, Nebraska, North Carolina, Michigan, Detroit, Wahoo , Nebraska, Omaha, Latrobe , Pennsylvania, AFP, Pittsburgh

☆ Elon Musk's 'We, Robot' event is getting heat from another big Hollywood player
▼ + stars: | 2024-10-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The producer of "Blade Runner 2049" is suing Elon Musk and Tesla for copyright infringement. Alcon Entertainment said Musk used imagery inspired by the film at its "We, Robot" event. Advertisement"Blade Runner 2049" producer Alcon Entertainment filed a lawsuit against Tesla CEO Elon Musk on Monday, citing images he displayed at his big "We, Robot" event. "Blade Runner 2049" is a sequel to director Ridley Scott's dystopian sci-film "Blade Runner," released in 1982. "Alcon did not want BR2049 to be affiliated with Musk, Tesla, or any Musk company, for all of these reasons," Alcon added.

Persons: Elon, Tesla, Alex Proyas, —, Elon Musk, Musk, Ridley, Alcon, Optimus, Hey Elon, Proyas Organizations: Alcon Entertainment, Service, Musk, Entertainment, BI Locations: Hollywood

☆ Indosuez Wealth Management: Maintain selective weighting on China portfolio allocation
▼ + stars: | 2024-10-22 | 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 EmailIndosuez Wealth Management: Maintain selective weighting on China portfolio allocationFrancis Tan of Indosuez Wealth Management, advocates tactical allocation in China markets amid tepid economic growth and sluggish consumer demand.

Persons: Francis Tan Organizations: Management, Indosuez Wealth Management Locations: China

☆ Putin's expanded BRICS summit proves he has friends — but risks buckling under its own contradictions
▼ + stars: | 2024-10-22 | by ( Thibault Spirlet | Huileng Tan | ) www.businessinsider.com time to read: +6 min

AdvertisementRussia is flexing its muscles at the center of the BRICS economic bloc, which seeks to rival the West. Iran, Egypt, Ethiopia, and the United Arab Emirates are the new BRICS entrants, joining the earlier members Russia, India, China, Brazil, and South Africa. He said it had "no chance" of political unity given its members' competing interests and starkly differing attitudes. The greenback, though, will be hard to dethrone — even without competing priorities and rivalry among BRICS members. AdvertisementHe said that while BRICS members were united in a desire for change, "there's no real strategy within BRICS aside from fancy phrases to make it work."

Persons: —, Vladimir Putin, Abishur Prakash, Anton Barbashin, South Africa —, Barbashin, Una Aleksandra Berzina, Evgeny Roshchin, Johns Hopkins University's Henry A, Putin, SWIFT, Yakov Organizations: Service, West, United, South, Riddle Russia, Riga Stradins University's China Studies Center, Politico, Center for, Johns, Kissinger Center, Global Affairs, Partners, Bank for International Locations: Russia, Western, Iran, Egypt, Ethiopia, United Arab Emirates, India, China, Brazil, South Africa, Saudi Arabia, Russian, Toronto, —, Ukraine, standoffs, Moscow

☆ The election could be less of a market catalyst than people think, some investors say
▼ + stars: | 2024-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. History suggests the strong performance bodes well for a post-election pop into year's end. When Trump was elected in the 2016 presidential election, investors expected energy would perform well — but the subsequent two years proved unfavorable for the sector. During the 2000 election, volatility lasted for more than 30 days, through December. "We encourage investors to keep their long-term objectives in mind during periods of uncertainty and position for election related volatility," Guerra wrote.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Sam Stovall, Stovall, Joe Biden's, Dan Chung, John Stoltzfus, Morgan Stanley, Morgan Stanley Wealth Management's Monica Guerra, Guerra, Ross Mayfield, Baird Organizations: U.S, NBC News, Republican, Dow Jones Industrial, CFRA, Oppenheimer Asset Management, Presidency, Senate, Republicans, Trump, Morgan Stanley Wealth

☆ 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

☆ China just triggered more stimulus measures, even as it says its economy is showing 'stable growth'
▼ + stars: | 2024-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The People's Bank of China triggered two market support programs after China announced economic data. China's economy grew 4.6% in the third quarter of this year, the country's statistics bureau announced as it touted a "stable growth trend." "The property market unsurprisingly remains the biggest drag on China's growth," wrote Song, adding that stabilization in the real estate market remains "elusive." China's economy is being dragged by factors including a property crisis, high youth unemployment, and deflation. He added that he expects Beijing to continue to do more to support growth so the economy can enter 2025 on better footing.

Persons: —, Sheng Laiyun, China's, Lynn Song, Betty Wang, Larry Hu, Rajiv Biswas, who's, Wang Organizations: People's Bank of China, Service, Reuters, Greater China, ING, Oxford Economics, People's Bank of, Macquarie Group Locations: China, Greater, People's Bank of China, Beijing

☆ Chip giant TSMC reports blockbuster results even as questions over AI mania loom
▼ + stars: | 2024-10-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

TSMC's growth was driven by strong demand for artificial intelligence technology. But the market is questioning whether the euphoria over AI and AI chips is sustainable. AdvertisementChip giant Taiwan Semiconductor Manufacturing Company just reported strong growth, thanks to continued enthusiasm for artificial intelligence — even amid persistent questions over the return on investment from the technology. The Taiwanese company's blockbuster results came after Dutch chip equipment maker ASML — a supplier to TSMC — reported guidance on Tuesday that disappointed investors and triggered a sell-off in chip stocks. But it doesn't mean AI demand is fizzling.

Persons: —, LSEG, TSMC —, Wei, Goldman Sachs, Christophe Fouquet, Roger Dassen, ASML, Dassen, Andy Li, Li Organizations: Taiwan Semiconductor Manufacturing Company, Service, Taiwan, Nvidia, New York Stock Exchange, ASML Locations: Taiwan, Dutch, China

☆ I'm a VC, and I hired my first staff after he offered to set up payroll for free. He showed me just how far people are willing to go for a VC job.
▼ + stars: | 2024-10-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Nichole Wischoff screened over 500 applications before making her first hire for her VC fund. AdvertisementThis as-told-to essay is based on a conversation with Nichole Wischoff, 34, founder of Wischoff Ventures. Business Insider previously published an essay about her first recruit at Wischoff Ventures, Neal Mintz, and his hiring experience. I spent most of my career working at startups and had to brute-force my way to starting Wischoff Ventures from scratch. Screening through 500 applications to find the perfect hireI started recruiting for my fund's first full-time hire earlier this year.

Persons: Nichole Wischoff, Wischoff, Neal Mintz, Mintz, —, Neal, Nichole Wischoff's, you've, Don't, you'd Organizations: Service, Wischoff Ventures, Venture, Stanford Locations: San Francisco, New York

☆ Exotic caracal loose in Chicago suburbs is found under deck of home
▼ + stars: | 2024-10-16 | by ( Nbc Chicago | ) www.nbcnews.com time to read: +2 min

A caracal that had recently been on the loose in a suburban Chicago neighborhood has officially been captured, nearly 24 hours after officials warned residents of the exotic cat in the area. The large cat — a caracal — was located Tuesday morning in Hoffman Estates under the deck of a residence, the police department said. Cell phone video moments after the capture showed at least six officers handling a large cage, with the caracal inside quickly jumping from side to side. A caracal was captured Tuesday in Hoffman Estates, Ill. NBC Chicago“He’s cute, isn’t he?” a voice can be heard saying in the background. The police department said it was “unknown” where the large cat came from.

Persons: ” Organizations: Hoffman Estates, Ill, NBC Chicago, Hoffman Estates Police Department, Facebook, San Diego Zoo Locations: Chicago, Hoffman, Hoffman Estates, Sharon , Wisconsin, ”, Della, Africa, Asia, United States

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