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SEOUL, South Korea — As foreign governments prepare to deal with a second Trump administration, at least one key U.S. ally is hoping to make headway on the fairway. Last month, the U.S. and South Korea agreed on a new five-year cost-sharing plan for the U.S. troops. Maintaining a strong security alliance with the U.S. is especially important for South Korea given the growing hostility from nuclear-armed North Korea. That in turn could lead South Korea and even Japan to consider whether they need nuclear weapons of their own. Stella Kim reported from Seoul, South Korea, and Jennifer Jett reported from Hong Kong.

Persons: Trump, Yoon Suk, “, Donald Trump, Yoon, ”, Shinzo Abe, David Boling, Chung Sung, Abe, Abe “, Boling, ” Yoon —, ” Jeremy Chan, “ I’ve, Yoon doesn’t, he’s, ” Chan, Lydia Ko, Ko, Shigeru Ishiba, ” Boling, Chan, Choi Sang, mok, Joe Biden, Brendan Smialowski, Kim Jong, Stella Kim, Jennifer Jett Organizations: NBC, South, Eurasia Group, Trump, House, Paris Olympics, Japanese, U.S, South Korean Finance, Seoul, Getty Locations: SEOUL, South Korea, U.S, Florida , New Jersey, Virginia, North Korea, Japan, New York, Seoul, United States, East Asia, China, Northeast Asia, New Zealand, Scotland, Korea, Chiba, AFP, Hong Kong

☆ Citadel Securities hires 20-year Microsoft vet in a new tech leadership role
▼ + stars: | 2024-11-11 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Citadel Securities hired Herb Sutter who spent 20 years at Microsoft. Sutter is an expert in C++, a coding language that underpins most of Citadel Securities' technology. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCitadel Securities just hired a 20-year Microsoft veteran who will be tasked with helping developers master a crucial but complex coding language to supercharge productivity. Sutter specializes in a programming language called C++, which underpins much of Citadel Securities technology, including its trading system that handles one in four stock trades in the US.

Persons: Herb Sutter, Sutter, He'll, —, Ken Griffin's, Josh Woods, Herb, Woods, Michael Park, it's Organizations: Citadel Securities, Microsoft, Service, BI Locations: Canadian

☆ Rumored China real estate fund would have more impact than debt swaps
▼ + stars: | 2024-11-05 | 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's debt swap plans won't help much, rumored real estate fund would have a greater impactVincent Chan of Aletheia Capital says that China's planned local government debt conversion is too small from a stimulus point of view, rather the rumored 4 trillion RMB fund to purchase unsold property inventory could help boost confidence in the real estate sector.

Persons: Vincent Chan, China's Organizations: Aletheia

☆ A 114-year-old woman is now the oldest living American. She says 3 things have helped her live so long.
▼ + stars: | 2024-11-05 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Naomi Whitehead, 114, is the oldest living person in the US. She shared some of the lifestyle choices that she thinks have helped her live so long. Whitehead never expected to live so long, telling New Castle News in 2023: "I'll live as long as the Lord lets me." But average life expectancies are growing, alongside interest in how our lifestyles can help us live longer. Whitehead is now the oldest living person in the US after the previous titleholder died in October.

Persons: Naomi Whitehead, —, Whitehead, Elizabeth Francis, centenarians, Bryan Johnson, Dan Whitehead, Paul's, Jack Gordon Organizations: Service, New, News, Pew Research, British, of Sports Medicine, Research, Harvard, Chan, of Public Health, World Health Organization, European, WHO, American Cancer Society Locations: Georgia, St, Toronto, Europe

The clock will strike 1 a.m. twice Sunday morning as daylight saving time once again comes to an end. Here’s what you need to know about daylight saving time and why the U.S. changes clocks twice a year. Daylight saving time began March 10 and ends Nov. 3. In 2025, daylight saving time starts on Sunday, March 9, and ends on Sunday, Nov. 2, when it’s time to repeat the process. In the Northern Hemisphere, most of the countries that observe daylight saving time are in Europe and North America.

Persons: Karin Johnson, Kin Yuen Organizations: U.S, Astronomical, Department, Pew Research Center, U.S . Senate, Protection, National Conference of State Legislatures, UMass Chan Medical, NBC News, University of California, American Academy of Sleep Locations: U.S, Hawaii, Arizona, Europe, North America, Southern, San Francisco

A jury on Friday found a former Louisville, Kentucky, police officer guilty of violating Breonna Taylor’s civil rights in a botched raid that led to her death, NBC affiliate WAVE of Louisville reported. The jury earlier Friday found Brett Hankison not guilty of a second count that accused him of violating the civil rights of Taylor’s neighbor. Prosecutors had accused Hankison of shooting blindly into Taylor’s apartment, though he was not charged with fatally shooting her. Hankison fired 10 shots into Taylor's apartment during the raid but none hit anyone. In the current trial, the jury found Hankison not guilty of violating the neighbor’s rights and then returned to deliberate on the count regarding Taylor herself.

Persons: Brett Hankison, Taylor, Prosecutors, Timothy D, Hankison, Apu Gomes Organizations: NBC, WAVE, Justice Department, Former Louisville, Easley, Getty, Western, of, Associated Press Locations: Louisville , Kentucky, Louisville, Ky, U.S, of Kentucky

☆ Morgan Stanley has a new innovation chief. Expect more OpenAI-like partnerships.
▼ + stars: | 2024-11-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

AdvertisementWhen Morgan Stanley and OpenAI announced their blockbuster partnership at the beginning of 2023, it signaled a competitive advantage for the Wall Street bank. Morgan Stanley, since then, has co-developed a handful of generative AI tools with the AI powerhouse for its lucrative wealth-management business. Morgan Stanley is far from the only financial firm using OpenAI. In his new role, Manahan oversees the bank's innovation council, which launched at the beginning of the year. The council is dedicated to identifying the bank's technology focuses.

Persons: Sean Manahan, Morgan Stanley's, —, Morgan Stanley, OpenAI, Andy Saperstein, Jeff McMillan, Manahan, Morgan Stanley execs Organizations: Service, York, Tech, Big Tech, Morgan Locations: Silicon Valley, Manhattan, Manahan, New York

☆ A 102-year-old shares her simple, science-backed skincare secrets — and they don't include antiaging creams
▼ + stars: | 2024-11-02 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Deborah Szekely is 102 years old and works three days a week. But Szekely's secret to good skin isn't spending hundreds of dollars on creams that promise to turn back time. Related storiesSunscreen is the best way to prevent skin agingSzekely has a simple daily skincare routine, too. AdvertisementHer biggest skincare recommendation for younger people wanting good skin is to wear sunscreen. AdvertisementAnd Toshiko Eto has practically no wrinkles at 80, which she attributes to eating fermented foods as well as her skincare routine.

Persons: Deborah Szekely, —, Szekely, she's, Derek V, Chan, William Organizations: Service, CNBC, Research, Dermatology, La, Rancho, Puerta, BI Locations: Baja California, Mexico, La Puerta, Manhattan

☆ The Zuckerberg family Halloween costumes this year featured John Wick and a troupe of ballerinas
▼ + stars: | 2024-11-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The CEO of Meta dressed up as Keanu Reeves' John Wick, complete with a wig, suit, and tie. "When your house full of girls decides to be ballerinas, be John Wick," he wrote on Instagram. "When your house full of girls decides to be ballerinas, be John Wick," Mark Zuckerberg, Meta CEO, wrote on Instagram on Thursday. In his post, Zuckerberg was photographed wearing a black suit and tie resembling the titular character from Keanu Reeves' "John Wick" film franchise. AdvertisementThere are four movies in the "John Wick" series, and it's grossed over a billion dollars at the worldwide box office.

Persons: Mark Zuckerberg, Meta, Keanu Reeves, John Wick, —, Zuckerberg, Instagram, Priscilla Chan, Zuckerberg's, Harry Potter, Albus Dumbledore, Reeves, Ana de Armas, Chad Stahelski, David Leitch, they'd, Eva Longoria, Stahelski, BI's Jason Guerrasio Organizations: Service, Meta, Business, it's

Business Insider selected 25 young professionals 35 and under for its rising stars of Wall Street list. AdvertisementThere's no shortage of colorful characters depicting Wall Street. Two of those are fictional movie characters, and one was based on real person, but they have all shaped the public's perception of what working on Wall Street could be like. We asked up-and-comers on Wall Street about the shows, movies, or books that best represent their daily lives. Here are the shows, movies, or books that give a flavor of what it's like to work on Wall Street.

Persons: —, Mark Zhu, There's Organizations: Service, Blackstone

☆ Sabae: The ‘eyeglasses capital’ of Japan
▼ + stars: | 2024-10-31 | by ( Milly Chan | Karla Cripps | ) edition.cnn.com time to read: +7 min

Among them is the small city of Sabae, in Fukui prefecture, about a 3.5-hour train ride from Tokyo. An eyeglasses sculpture in Sabae, Japan. Fukui prefecture has four stations on the extended Shinkansen line – Awara Onsen Station, Fukui Station, Echizen-Takefu Station and Tsuruga Station. (Travelers can hop on a separate train from Fukui Station for the 15-minute ride to Sabae.) GI15702993/iStockphoto/Getty ImagesIn addition to being home to the eyeglasses capital of Japan, Fukui prefecture is filled with well-preserved ancient architecture, historic sites and temples, as well as newer attractions, including Nishiyama Zoo, famed for its red pandas.

Persons: Buddhika Weerasinghe, Sabae, Takeshi Yamae, “, ”, Futa Nagao, Takeshi, Sabae’s, It’s, There’s, sakura, Soto, you’re Organizations: CNN, CNN —, Bloomberg, Getty, Boston Club, Sabae’s Megane, Asahi Shimbun, Fukui, Takefu, Tsuruga, Nishiyama Zoo, Fukui Prefectural Dinosaur Museum, Soto Zen, Food, Museum Locations: Sabae, Fukui prefecture, Tokyo, Japan, Honshu, Fukui, Japan’s Hokuriku, Toyama, Niigata, Ishikawa, Kyoto, Echizen, Maruoka, Tojinbo, Mikata, Wakasa, Tsuruga

After months of incremental measures, Chinese President Xi Jinping in late September led a top-level meeting that vowed to "halt the real estate market decline." Earlier this month, the Finance Ministry introduced more measures aimed at stabilizing the real estate sector. Property sales and new home construction are unlikely to stabilize until 2027, Goldman forecast. watch nowS&P Global Ratings and Morgan Stanley this month also published reports forecasting China's real estate market will bottom in the second half of 2025. China's latest efforts to bolster confidence have given the real estate market a lift.

Persons: Xi Jinping, Goldman Sachs, Goldman, Morgan Stanley, Edward Chan, Nomura Organizations: China Vanke Co, Bloomberg, Getty, Finance Ministry, Goldman, China Index Academy, P Global, National Bureau of Statistics Locations: China, Hefei, Beijing

☆ We are connecting China with the rest of the world, HKEX CEO says
▼ + stars: | 2024-10-30 | 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 EmailWe are connecting China with the rest of the world, HKEX CEO saysBonnie Chan, CEO of the Hong Kong Exchange, discusses the upcoming opening of the company's office in Riyadh in 2025, which will be undertaken in a bid to boost ties between China and the Middle East.

Persons: Bonnie Chan Organizations: Hong Kong Exchange Locations: China, Riyadh

☆ Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
▼ + stars: | 2024-10-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

China News Service | China News Service | Getty ImagesBEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over profitable exits. Last week, Horizon Robotics — a Chinese artificial intelligence and auto chip developer — and state-owned bottled water company CR Beverage went public in Hong Kong. The firm noted that Chinese delivery giant SF Express is planning for a Hong Kong IPO next month, while Chinese automaker Chery aims for one next year. Still, the overall pace of Hong Kong IPOs this year is slightly slower than expected, George Chan, global IPO leader at EY, told CNBC in an interview earlier this month. Hong Kong, then New York

Persons: Pony.ai, Didi, Marcia Ellis, Morrison Foerster, George Chan, Chan Organizations: Nasdaq, China News Service, Getty, U.S, Hong Kong Stock Exchange, CR Beverage, Renaissance, Hong, Chery, CNBC, IPOs Locations: BEIJING, U.S, Hong Kong, China, New York, Mainland China, New

☆ Martial arts masters rate 76 fight scenes in movies and TV
▼ + stars: | 2024-10-29 | by ( Carter Thallon | Korey Isbell | ) www.businessinsider.com time to read: +1 min

Champion martial arts experts rate fight scenes in movies and television shows for realism. Master Wong, who has over 35 years of experience practicing and teaching Wing Chun, rates Wing Chun techniques in "The Way of the Dragon," starring Bruce Lee, and "Sherlock." Eight-time Muay Thai world champion Miriam Nakamoto dissects Muay Thai scenes from "Ong-Bak," starring Tony Jaa, and "Furious 7." Capoeira practitioner and fight choreographer Amen Santo rates nine capoeira scenes in movies and TV shows for realism in "Black Panther," "The Batman" (2022), and "Blade." Boxing legend "Sugar" Shane Mosley, three-division world champion and Boxing Hall of Famer, rates every "Rocky" and "Creed" movie for realism.

Persons: Master Wong, Wing Chun, Chun, Bruce Lee, Sherlock, Uriah, John Wick, Keanu Reeves, Miriam Nakamoto dissects, Ong, Tony Jaa, Jackie Chan, Thekla Hutyrova, Donnie Yen, Zak Song, Jet Li, Michelle Yeoh, Konishiki, Amen Santo, Sugar, Shane Mosley Organizations: UFC, Boxing Hall of Famer Locations: Thai

☆ This startup for traders raised $30 million from investors including Stanley Druckenmiller and Greg Coffey. Here's how it plans to transform how Wall Street analyzes data.
▼ + stars: | 2024-10-28 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Reflexivity is a startup cofounded by two former hedge fund traders. AdvertisementA startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, just raised its $30 million Series B, the startup announced Monday. Interactive Brokers and Greycroft led the round, which included participation from billionaire investor Stanley Druckenmiller and Greg Coffey, the Australian founder of hedge fund Kirkoswald. AdvertisementIt has a valuation between $115 million and $150 million, Szilagyi said.

Persons: —, Greycroft, Stanley Druckenmiller, Greg Coffey, Izzy Englander, Reflexivity, Jan Szilagyi, Szilagyi, George Soros, Giuseppe Sette, Howard, Wells, Szilyagyi, that's Organizations: Service, Interactive, Millennium, Catalyst, P, Business, Druckenmiller's Duquesne Capital Management, Fortress Investment Group, Millennium Management, Soros Fund, London Stock Exchange Group, Federal Reserve Locations: Australian, MUFG, Fargo, Wells Fargo

☆ This high-speed train is helping tourists explore Uzbekistan
▼ + stars: | 2024-10-28 | by ( Milly Chan | ) edition.cnn.com time to read: 1 min

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☆ VMware customers are seeing massive late fees since Broadcom acquired the company
▼ + stars: | 2024-10-28 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +6 min

VMware customers face steep price hikes and late fees post-Broadcom acquisition. Under Broadcom, VMware now focuses on strategic clients and subscription models. Besides massive price increases, some customers are being hit with a late fee of around 20%, according to two partners. AdvertisementColpitts said that the text about the late fee in the email was bolded, making it seem like a "scare tactic." AdvertisementSwitching to VMware alternativesSome VMware competitors have seen the acquisition by Broadcom as an opportunity to win over VMware customers.

Persons: —, Dean Colpitts, Ignacio Llorente, Llorente, Colpitts, Rick Vanover, there's, Bruce Kornfeld, Forrester, OpenStack Organizations: VMware, Broadcom, Service, Business, IT, OpenNebula Systems

☆ Fact check: Trump revives his lie that schools are secretly sending children for gender-affirming surgeries
▼ + stars: | 2024-10-26 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

CNN —Former President Donald Trump continues to repeat his lie that US schools are sending children for gender-affirming surgeries without their parents’ consent — even though his own presidential campaign could not find a single example of this having happened. Without parental consent.” He added, “At first, when I was told that was actually happening, I said, you know, it’s an exaggeration. There is no evidence that schools in any part of the United States have sent children for gender-affirming surgeries without their parents’ approval, or performed unapproved gender-affirming surgeries on site; none of that is “allowed” anywhere in the country. Even in the states where gender-affirming surgery is legal for people under age 18, parental consent is required before a minor can undergo such a procedure. Taylor outlined a lengthy process before a minor might undergo a gender-affirming surgery.

Persons: Donald Trump, Trump, “, ” Trump, Joe Rogan, Landon Hughes, ” Hughes, ”, Meredithe McNamara, ” Dr, Laura Taylor, Taylor, Karoline Leavitt Organizations: CNN, New York, Fox News, Harvard, of Public Health, Yale School of Medicine, American Academy of Pediatrics, World Professional Association for Transgender Health, University of Southern Locations: New, New York City, United States, Chan, University of Southern California

☆ If South Korea decides to get involved in Ukraine, it has powerful options
▼ + stars: | 2024-10-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

But South Korea remains wary of getting involved in the Ukraine war. GAVRIIL GRIGOROV via Getty ImagesSouth Korea hesitatesSignificant obstacles stand in the way of South Korea arming Ukraine, though. Chan said South Korea's President Yoon Suk-yeol was domestically unpopular and would encounter difficulties repealing the law via South Korea's center-left-dominated National Assembly. AdvertisementBut the escalating alliance between Russia and North Korea may soon reach a point where South Korea feels it needs to act. Because of Russia's increasing reliance on North Korea, Kim finds himself in a powerful position to negotiate sophisticated technology in return.

Persons: —, Yonhap, Jeremy Chan, Chan, Ellen Kim, Kim, Lloyd Austin, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Yoon Suk, yeol, Kim Jong Un, Joon Cho, Yoon, Sean McFate Organizations: Russia, Service, Security Council, South, Eurasia Group, Center for Strategic, International Studies, North, US, Getty Images, National, National Assembly, Kremlin, Georgetown University Locations: Korea, Ukraine, South Korea, North Korea, Russia, Seoul, Korean, China, Asia, Poland, Washington ,, Kyiv, Pyongyang, South Korea's, South, Moscow

☆ Elizabeth Kelly, AI Safety Institute Director, Sets AI Safety Standards
▼ + stars: | 2024-10-24 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +1 min

Kelly directs the National Institute of Standards and Technology's recently created US AI Safety Institute, a group of top computer scientists and ethicists tasked with studying and addressing AI risks, particularly in relation to areas of national security, civil rights, and general public safety. It's expected to introduce testing standards for AI developers to make sure their systems are safe. Kelly, part of Business Insider's 2024 AI Power List, helped shape President Joe Biden's technology policy and assisted in drafting his executive order last year that focused on issues related to AI safety. Before that, Kelly was a special assistant to the president of the National Economic Council, where she led efforts in technology policy, including in AI. See Business Insider's full AI Power List

Persons: Kelly, Joe Biden's Organizations: National Institute of Standards, Safety Institute, National Economic Council, Capital

☆ A payments startup hoping to take on Stripe and Square just raised $75 million with this pitch deck
▼ + stars: | 2024-10-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Finix is a startup that works with merchants so they can accept and manage payments. On Thursday, it raised a $75 million Series C that included Lightspeed Ventures and Acrew Capital. AdvertisementSome of the industry's biggest fintech investors just backed an up-and-coming payments startup challenging Stripe and Square. The San Francisco-based startup raised $75 million in a Series C funding round, the company announced Thursday. AdvertisementFinix processes billions of dollars every month for tens of thousands of merchants, Serna said.

Persons: —, Richie Serna, Finix, Serna, " Serna Organizations: Lightspeed Ventures, Acrew, Service, Acrew Capital, Lightspeed Venture Partners Locations: San Francisco, Finix's, Serna

☆ Centcom Chief Data Officer Michael Foster Uses AI to Impact Defense
▼ + stars: | 2024-10-24 | by ( Rosalie Chan | ) www.businessinsider.com time to read: 1 min

Foster is the chief data officer of the US Central Command. Centcom, which heads US military operations in the Middle East, Central Asia, and parts of South Asia, has been testing out AI and computer-vision applications for the Department of Defense and adding tech talent to support its missions. Foster, part of Business Insider's 2024 AI Power List, previously helped develop big data and AI applications at several technology companies with US defense contracts, including CrowdAI and Maxar Technologies. He's also served as an intelligence officer at the National Geospatial-Intelligence Agency and as an officer in the Air Force. See Business Insider's full AI Power List

Persons: Foster, He's Organizations: US Central Command, Department of Defense, Maxar Technologies, National Geospatial - Intelligence Agency, Air Force Locations: East, Central Asia, South Asia

☆ OSTP director Arati Prabhakar shapes AI policy in Biden administration
▼ + stars: | 2024-10-24 | by ( Rosalie Chan | ) www.businessinsider.com time to read: 1 min

Prabhakar, part of Business Insider's 2024 AI Power List, has headed the White House Office of Science and Technology Policy since 2022. In her role, she advises President Joe Biden on science and technology with a particular focus on AI's risks and benefits. Previously, she was the director of the Defense Advanced Research Projects Agency and was the first woman to lead the National Institute of Standards and Technology. She also founded the nonprofit Actuate, which manages research to solve societal challenges. See Business Insider's full AI Power List

Persons: Prabhakar, Joe Biden Organizations: White, Office of Science, Technology, Defense, Research Projects Agency, National Institute of Standards, Research, US Venture Partners

☆ Market-making giant Citadel Securities is rebuilding the tech that powers its trades as it eyes growth
▼ + stars: | 2024-10-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

Ken Griffin's market maker, Citadel Securities, is revamping its core trading infrastructure. AdvertisementIn 2023, Citadel Securities COO of technology, Jeff Maurone, was meeting with senior leaders to discuss technology priorities for the year. I almost look at it as the stretching of business," Woods told Business Insider. Building Citadel Securities' trading infrastructure of the futureIn the last few years, Citadel Securities pushed into credit trading, expanded its rates franchise, and introduced an institutional options offering. Maurone's team supports Citadel Securities' technology organization, and he manages a team of 15 people.

Persons: Ken Griffin's, Josh Woods, Jeff Maurone, —, Maurone, Woods, Matt Culek, Peng Zhao, Jim Esposito Organizations: Citadel Securities, Service, Securities, McKinsey, Deloitte, COOs, Citadel Securities Each Locations: Asia Pacific, EMEA, COOs —, New York, Jeff's

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