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☆ Neri Oxman plagiarism claims: Business Insider stands by reporting on Bill Ackman’s wife
▼ + stars: | 2024-01-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

In a note Sunday morning, Barbara Peng, chief executive of Business Insider, said the outlet had spent several days reviewing its reporting after public complaints made by Ackman. “Business Insider supports and empowers our journalists to share newsworthy, factual stories with our readers, and we do so with editorial independence,” Peng wrote. “We stand by our newsroom and our reporting, which will continue onward.”In the wake of the reporting, Oxman acknowledged she had failed to properly cite some of her work. A spokesperson for Axel Springer told CNN on Sunday that the German publishing powerhouse was satisfied with the review Business Insider had completed. “We stand by Business Insider and its newsroom,” the spokesperson said.

Persons: Axel Springer, Neri Oxman, Bill Ackman, Barbara Peng, Peng, ” Peng, Oxman, “, ”, Ackman, Claudine Gay, Axel Springer’s Organizations: CNN — Business, Massachusetts Institute of Technology, Business, ”, Oxman, Harvard, CNN

As the most powerful Chinese leader in generations, Xi Jinping rarely bothers to glad-hand or to try charming a crowd. His public appearances in China are carefully crafted, with fawning cadres and adoring fans positioned around him. So when Mr. Xi landed in San Francisco this week to meet with President Biden, to try to stabilize a relationship with the United States that has been spiraling downward, it provided a rare opportunity to see the Chinese leader up close and, at times, less filtered than usual. Earlier, the Chinese leader had compared presidential limousines with Mr. Biden as they met on the sidelines of the Asia Pacific Economic Cooperation summit. And he thanked Mr. Biden for reminding him that his wife, Peng Liyuan, a famous Chinese soprano and folk singer, has a birthday on Monday, as does Mr. Biden.

Persons: Xi Jinping, Xi, Biden, Mr, Peng Liyuan Organizations: Asia Pacific Economic Cooperation Locations: China, San Francisco, United States, Iowa, Hebei

☆ Mom and pop shops are cutting software spending, creating jitters on Wall Street
▼ + stars: | 2023-11-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +9 min

Joe Coffee founders Nick and Brenden Martin Joe CoffeeWall Street is on edge. Over the past two decades, small businesses have accounted for 40% of U.S. gross domestic product, according to the Chamber of Commerce. "If America is really built on the backbone of small business owners, why are they the ones that never catch the break?" In 2021, Joe Coffee, which now has 17 employees, created a full software and payments suite for coffee shops. WATCH: Xero will remain focused on core segments such as small businesses

Persons: PAYC ZI, Nick Martin, Joe Coffee, Martin, Joe Coffee's, aren't, Bill, Nick, Brenden Martin Joe Coffee, John Rettig, Cameron Hyzer, Yamini Rangan, Rangan, Bill didn't, Jake Dollarhide, Martins, Brenden Martin, Nick's, Brenden, Zhang Peng, they'd, Taylor McGinnis, ZoomInfo, we've, Bryan Keane Organizations: Starbucks, CNBC, Bill Holdings, Bureau of Labor Statistics, Joe, Nasdaq, Chamber of Commerce, Longbow Asset Management, Microsoft, Coffee Fest, UBS, Deutsche Bank Locations: Seattle, Paycom, West Richland , Washington, Coffee, Los Angeles

☆ A note from Business Insider's new CEO
▼ + stars: | 2023-11-14 | by ( Barbara Peng | ) www.businessinsider.com time to read: +3 min

Today I am excited to share some news: we're officially returning to the name Business Insider. There is so much I love about Business Insider. Two years later, we adopted the name Business Insider. We help them discover the ideas and the people who are changing business, tech, and beyond. A future as Business Insider reaffirms our center of gravity around business, tech, and innovation.

Persons: we're, It's, We've, Henry Blodget, —, Henry, doesn't, we've, We'll, – Organizations: Business, Financial Locations: New York, London

☆ Business Insider changes back to its former name as Henry Blodget leaves CEO role
▼ + stars: | 2023-11-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. In a statement, the company said she “played a pivotal role in skillfully steering Business Insider through the challenges of a pandemic and the sharp downturn in the advertising industry, while simultaneously fine-tuning Business Insider’s strategy.”Blodget, a former analyst who was charged with civil securities fraud in 2003 and barred from the securities industry, isn’t leaving Business Insider. The publication was originally named “Silicon Alley Insider” when it was launched in 2007, focusing on coverage of the New York business community, before changing its name to Business Insider two years later. A general news website called “Insider” was launched a year later. A return to Business Insider “reaffirms our center of gravity around business, tech, and innovation,” Peng wrote.

Persons: New York CNN — Henry Blodget, Barbara Peng, “, ”, Axel Springer, ” Peng, we’ve Organizations: New, New York CNN, “, Business Locations: New York

Peng Zhao, CEO, Citadel Securities speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. If Citadel Securities were to obtain a licence, it would be the first foreign firm to formally foray into market-making in China outside interbank and foreign exchange market making. "We are pleased to see the introduction of the market-making program in China," Zhao told Reuters in an interview in Hong Kong. Citadel Securities in July appointed Tony Tang, the former head of BlackRock's China business, to helm its China operations. This year, Citadel Securities also launched an investment-grade corporate bond market-making business in the United States.

Persons: Peng Zhao, Mike Blake, Zhao, Ken, Tony Tang, Summer Zhen, Selena Li, Sumeet Chatterjee, Edwina Gibbs Organizations: Citadel Securities, Milken, Global Conference, REUTERS, Reuters, Beijing Stock Exchange, Nasdaq, China's Stock, Treasuries, Asia, Thomson Locations: Beverly Hills , California, U.S, HONG KONG, China, interbank, Hong Kong, United States, Beijing, Asia

☆ San Francisco Cleans Up for Xi. Why Not for Thee?
▼ + stars: | 2023-11-13 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Chinese Communist dictator Xi Jinping in Beijing on Friday. Photo: Ju Peng/Zuma PressAfter only recently agreeing to normalize trade relations with the United States, San Francisco now seems to be granting most favored visitors status to a group including a ruthless dictator. This week Chinese communist thug Xi Jinping will enjoy a city that has been spruced up for the Asia-Pacific Economic Cooperation summit. San Francisco residents are asking why they can’t enjoy streets that are safe and clean all the time. Morris reports for The San Francisco Chronicle:

Persons: Xi Jinping, Ju Peng, Morris Organizations: Communist, Zuma Press, Economic Cooperation, San Francisco Chronicle Locations: Beijing, United States, San Francisco, Asia

New York is the $1.35 trillion fund's only office outside mainland China besides Hong Kong. CIC asked Bai Xiaoqing, who was in charge of some of its private equity investments from Beijing, to move to New York for the North America head role, the sources said, requesting anonymity because the move has not been publicly announced. U.S. authorities have been especially suspicious of investments originating from entities close to China's communist government, like CIC. CIC is also a significant investor in U.S. private equity funds, as so-called alternative assets comprise almost half of its portfolio. One of its most prominent investments has been a $2.5 billion Goldman Sachs Group Inc (GS.N) private equity fund aimed at investing in companies that can benefit from closer U.S.-China ties.

Persons: Bai Xiaoqing, Zhang Hong, Bai, Zhang, Peng Chun, Larry Fink, Milken, Echo Wang, Roxanne Liu, Kane Wu, Greg Roumeliotis, Edwina Gibbs Organizations: China Investment Corp, North America, CIC, Foreign Investment, American Enterprise Institute, Public, Goldman Sachs Group Inc, China -, China - U.S . Industrial Cooperation Fund, Britain, BlackRock Inc, BlackRock, China's Ministry of Finance, Industrial, Commercial Bank of China, U.S . Treasury, Thomson Locations: North, New York, China, Hong Kong, Washington, Beijing, United States, U.S, China - U.S, BlackRock

☆ Global asset managers talk up China as long-term bet
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHONG KONG, Nov 8 (Reuters) - Top executives at global asset managers on Wednesday talked up China at an event in Hong Kong on Wednesday, championing long-term investment opportunities in an economy battling to break free of pandemic disruption. "Long term, (China) has to be part of a global investment portfolio." Citadel Securities CEO Peng Zhao called China a driver of growth and innovation and said it was "baffling" to think otherwise. He also said Citadel doubled its Hong Kong headcount in the face of pandemic-induced challenges, leveraging the talent the city hosts and its connectivity to other markets. Quinn told the Hong Kong event on Tuesday that wealth flow from mainland China to Hong Kong has grown 3 to 4 times this year.

Persons: Dado Ruvic, Mark Wiedman, Wiedman, Mike Gitlin, Lei Zhang, Anne Richards, Invesco, Andrew Schlossberg, Peng Zhao, Zhang Yichen, Noel Quinn, Quinn, Kane Wu, Xie Yu, Sumeet Chatterjee, Christopher Cushing Organizations: REUTERS, West, Global Financial, Investment Summit, European Chamber of Commerce, Capital, Fidelity International, Citadel Securities, Citadel, Trustar, HSBC Group, Thomson Locations: HONG KONG, China, Hong Kong, West, Singapore

Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. He, 68, replaced internationally respected Liu He as one of China's four vice premiers during its annual parliament session in March. The full scope of his portfolio had been largely unclear until Sunday when state media referred to him as the director of a powerful Communist Party economic body. "He Lifeng mainly implements policies from the top leader," said a policy adviser who spoke on condition of anonymity, referring to Xi. "Now under the leadership of the Party ... there will be closer cooperation among the top economic planner, central bank and the finance ministry."

Persons: Lifeng, Florence, Xi Jinping's, Liu, Xi, Liu He, Li Keqiang, Peng Liyuan, Kevin Yao, Laurie Chen, Joe Cash, Ellen Zhang, Marius Zaharia Organizations: REUTERS, Rights, Communist Party, Central Financial Commission, Harvard, Investors, State Council, Party, Xiamen University, National Development, Reform Commission, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, China's, Washington, Europe, Quanzhou, Fujian, Xiamen, Tianjin, Lincoln

☆ What is APEC? Asia-Pacific leaders head to San Francisco
▼ + stars: | 2023-11-01 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

REUTERS/Athit Perawongmetha/Pool/File Photo Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - Leaders from the 21-member Asia-Pacific Economic Cooperation forum will meet in San Francisco this month for the 30th APEC summit, the first hosted by the United States since 2011. APEC leaders are due to gather between Nov. 15-17. From Nov. 11 senior APEC finance officials and ministers will meet ahead of the summit, while the annual APEC CEO summit will run from Nov. 14-16. As of 2021, APEC members made up seven of the United States' top 10 overall trading partners. FASHION SHOWTraditionally APEC leaders wear local costume for a final-day group photo.

Persons: Xi Jinping, Peng Liyuan, Prayuth Chan, ocha, Naraporn Chao, Athit, Joe Biden, Xi, Biden, Morris Chang, John Lee, Lee, Paul Chan, Vladimir Putin, Putin, Matt Goodman, BUZZWORDS, Goodman, Washington, Donald Trump, Bill Clinton, Barack Obama, David Brunnstrom, Michael Martina, Michelle Nichols, Matthew Lewis Organizations: Thai, Economic Cooperation, REUTERS, Rights, APEC, U.S, Reuters Hong, Hong, Financial, The State Department, White, Economic, Thomson Locations: Asia, Bangkok, Thailand, San Francisco, United States, China, Bali, Canberra, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Vietnam, India, Washington, U.S, Ukraine, APEC, Seattle, Francisco

☆ Explainer: What is APEC? Asia-Pacific leaders head to San Francisco
▼ + stars: | 2023-11-01 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

☆ Inside Citadel Securities' six-week-long training for newbie traders, where playing poker and learning to fail are part of the job
▼ + stars: | 2023-10-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

Citadel, a hedge fund, and Citadel Securities, its sister market-making firm, were founded by billionaire Ken Griffin in 1990 and 2002. This work-hard, play-hard culture is evident in the firms' training of new employees, including its most junior ranks. They also had a Q&A with Peng Zhao, the CEO of Citadel Securities, who touched on how to prioritize time and find ways to be a leader, among other topics. The training program hasn't always been quite this involved. Fan lives in New York and will be based in Citadel Securities' Manhattan office.

Persons: onboarding, Ken Griffin, Griffin, Pete Becker, PATRICK T, FALLON, Peng Zhao, hasn't, It's Becker's, Becker, Joe DeNotta, Olivia Fan, Olivia, DeNotta, would've, It's, Pete, Andrew, We'll, We've, They're, Fan Organizations: Citadel Securities, Disney, Citadel, New York Stock Exchange, Getty, Harvard, MIT Locations: Midtown, New York, Manhattan

☆ NBA 'first class' in China despite past turbulence, says Yao
▼ + stars: | 2023-10-25 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

President of Chinese Basketball Association and Ice and Snow Sports Promotion Ambassador Yao Ming attends a media event ahead of the Beijing 2022 Winter Olympics in Beijing, China January 17, 2022. REUTERS/Yew Lun Tian/File Photo Acquire Licensing RightsNEW YORK, Oct 25 (Reuters) - The National Basketball Association (NBA) and China may have encountered turbulence in their relations over the years but retired great Yao Ming told Reuters the league is still "first class" in his home country. Yao propelled the league's popularity in his home country but relations between China and the NBA have not always been smooth. "I have to say, the NBA is in the first class... (because) you know the players being exposed in China for so long," Yao said, when asked about the past issues between China and the NBA. "The players, the teams (are) all still very well welcome in China and (we had) a couple of players with (in) China just this past summer."

Persons: Yao Ming, Yao, Daryl Morey, Dwight Howard, Kyle Anderson, Jimmy Butler, Adam Silver, Silver, Peng Shuai, Peng, Amy Tennery, Echo Wang, Christian Radnedge Organizations: Chinese Basketball Association and, Snow Sports, REUTERS, National Basketball Association, Reuters, Chinese Basketball Association, Houston Rockets, NBA, Minnesota Timberwolves, FIBA, Miami, Women's Tennis Association, Thomson Locations: Beijing, China, United States, Hong Kong, Taiwan, New York

☆ Chinese augmented reality firm Xreal launches next-gen glasses in challenge to Meta and Apple
▼ + stars: | 2023-10-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Xreal glasses allow users to have large-screen experiences of apps, such as streaming services or gaming. The Xreal Air 2 starts at $399 while the Pro versions starts at $449. The company said it has managed to use smaller displays inside the device, resulting in AR glasses that are 10% lighter than the previous generation. Jin said that Meta is meanwhile trying to bring its social network to virtual reality, which "has proven to be extremely challenging." The Xreal Air 2 glasses start at $399 and will be launched in the U.S., U.K. and selected European markets.

Persons: Xreal, Peng Jin, Mark Zuckerberg, Jin, Meta, Meta's, it's Organizations: Xreal, Tuesday, Apple, CNBC, Tech, International Data Corporation, IDC, Apple Vision, Facebook, Meta Locations: U.S, Europe

☆ Putin meets 'dear friend' Xi in Beijing. Here are the top 3 takeaways
▼ + stars: | 2023-10-18 | by ( Clement Tan | ) www.cnbc.com time to read: +7 min

Sergei Savostyanov | Afp | Getty ImagesChina President Xi Jinping and his Russian counterpart Vladimir Putin were all smiles when they met in Beijing. "Dear friend, I am very glad to see you again," Putin said in a statement ahead of his bilateral meeting with Xi Wednesday. Xi is also looking to Putin as China seeks to reinvigorate its economic foreign policy program. watch nowPutin traveled to Beijing, knowing Xi would guarantee his safety. Here are the main takeaways from the meeting, which underline why China and Russia share strong ties.

Persons: Vladimir Putin, Xi Jinping, Sergei Savostyanov, Putin, Xi, AidData, Mary, Srettha Thavisin, Viktor Orban, Dmitry Peskov, Peskov, Wang Yi, Faisal bin Farhan Al Saud, Biden, it's, Peng Liyuan Organizations: Sputnik, Forum, Afp, Getty Images China, Initiative, Xi, College of William, Moscow, European Union, EU, Rosneft, Gazprom, Tass, Soviet Union, Hamas, U.S, United, of, U.S . Department of Commerce, Getty Locations: Beijing, Ukraine, China, Russia, Thailand, Hungary, Israel, Gaza, Iran, United Nations, Saudi Arabia, Europe, U.S

☆ African ambassador criticizes IMF, World Bank for not giving enough loans
▼ + stars: | 2023-10-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

John Wessels | Afp | Getty ImagesBEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies. "The problem is that the ratings we are making for the African [countries] should be different," Ibrahima Sory Sylla, ambassador for the West African country of Senegal, said Thursday at an event at Peking University. The research claimed every 1% increase in Chinese loans resulted in an increase of 0.176% in African economic growth. Allan Joseph Chintedza, ambassador of Malawi to China, said the report should look also at the repayment period for Chinese loans. The East African country needs to provide a "sustainability letter" from the Chinese government in order to borrow more from the IMF, Chintedza added.

Persons: John Wessels, Sylla, Poor's, Senegal's Sylla, Fitch, Wu Peng, Jang Ping Thia, Thia, Vladimir Putin, Allan Joseph Chintedza, Chintedza Organizations: Afp, Getty, BEIJING —, International Monetary Fund, World Bank, West, Peking University, Fitch, IMF, Bank, United, Loans, Boston, Global, Policy Center, CNBC, Asian Infrastructure Investment Bank, Initiative, Peking University's Institute, New Locations: Senegal's, Dakar, BEIJING, China, Senegal, West Africa, Africa, Beijing, Malawi

Box office receipts totaled 23.44 billion yuan ($3.2 billion) between June and September, the highest amount for that period in history, according to data from Dengta and Maoyan, China’s two major box office tracking apps. Ticket sales for the traditional high season between June and August soared to a record 20.6 yuan ($2.8 billion), smashing the previous summer peak of 17.8 billion yuan ($2.4 billion) recorded in 2019. “I’ve been a big fan of American and European movies,” Peng said. Powered by womenThat China’s recent box office boom has been driven by women is surprising given the gender imbalance in the country. So far this year, American films accounted for only about 14% of China’s box office, the second largest in the world, according to CNN calculations based on Dengta data.

Persons: Alibaba, ”, Stanley Rosen, Rosen, “, Fred Astaire, Ginger Rogers, Barbie ”, “ Oppenheimer, ” Perry Peng, she’s, “ We’ve, “ Barbie, “ I’ve, ” Peng, ” Pency Peng, Perry’s, Xuguang Chen, Chen, Kevin Tran, Tran Organizations: Hong Kong CNN, USC’s, China Institute, Warner Bros, CNN, School of Arts, Peking University, “, Morning, Hollywood Locations: China, Hong Kong, Dengta, United States, Shanghai, WarnerBros .

☆ China's consumer spending isn't roaring back to pre-pandemic levels yet
▼ + stars: | 2023-10-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Kevin Frayer | Getty Images News | Getty ImagesBEIJING — China's consumer spending still isn't growing as fast as it did before the pandemic, analysts said. Retail sales for the Sept. 29 to Oct. 5 holiday period rose by 9% from a year ago, according to state media reports of Ministry of Commerce data. China's retail sales fell by 0.2% in 2022, according to official figures. In the Asia-Pacific region, Chinese spending on luxury goods has already recovered to 2019 levels, the report said. Consumer spending has lagged China's overall economic growth since the pandemic started in early 2020.

Persons: Kevin Frayer, Christine Peng, Christine Peng UBS, Peng, Imke Wouters, Oliver Wyman, Wouters Organizations: Getty, BEIJING, Ministry of Commerce, UBS, CNBC, Consumers, Christine Peng UBS UBS, HSBC Locations: Beijing, China, Hainan, Europe, Asia, Pacific, U.S

☆ AMD to acquire AI software startup in effort to catch Nvidia
▼ + stars: | 2023-10-10 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 10 (Reuters) - AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod.ai as part of an effort to bolster its software capabilities. In its race to catch rival chipmaker Nvidia (NVDA.O), Advanced Micro Devices (AMD.O) plans to invest heavily in the critical software necessary for the company's advanced AI chips. Through more than a decade of work, Nvidia has built a powerful advantage in the AI chip market through the software it makes, and the software developer ecosystem. AMD has vowed to invest in and build a unified collection of software to power the various chips the company makes. Earlier this year, AMD created the AI group that will house the Nod.ai acquisition, Peng said.

Persons: Dado Ruvic, Victor Peng, Nod.ai, Peng, Boppana, Max A, Lincoln Organizations: REUTERS, AMD, Nvidia, Devices, Reuters, Artificial Intelligence, Thomson Locations: Santa Clara , California, San Francisco

☆ How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry
▼ + stars: | 2023-10-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.

Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia

☆ Regular investors are shedding mega-cap tech in this sell-off — especially one name
▼ + stars: | 2023-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Peng Cheng found the electric vehicle maker suffered the highest outflows of all individual stocks from retail investors in the past week. That's part of a bigger trend among individual investors of gradually selling mega-cap technology names, the analyst added. In the past week, retail investors pulled a net $411 million freom Tesla. Fellow mega-cap tech stocks Amazon and Meta Platforms were also among the most sold by individual investors last week. That means it would eclipse even the SPDR S & P 500 ETF Trust (SPY) , which tracks the S & P 500.

Persons: Tesla, Peng Cheng, TSLA, Cheng, they're, Vanda, — CNBC's Michael Bloom Organizations: JPMorgan, Nasdaq, Vanda Research, Trust, Wall

Prime Minister Srettha Thavisin handed out gifts and posed for pictures as his tourism minister and other VIPs greeted about 300 travelers from Shanghai. He said that the government plans to promote Thailand’s smaller cities as destinations for Chinese tourists to encourage them to stay longer and spend more. Tourism Minister Sudawan Wangsuphakijkosol said there has been about a 30% surge in accommodation and flight bookings since the policy was announced. Chai Wacharonke, a spokesperson for the prime minister, earlier said that Thailand received 15 million international visitors in the first seven months. He said the government aims to draw 28 million tourists and generate 1.4 trillion baht ($39.2 billion) in revenue in 2023.

Persons: Srettha Thavisin, ” Srettha, Srettha, Dai, Chiang Mai, Peng, Wan Yi, Sudawan Wangsuphakijkosol, Thapanee Kiatphaibool, Chai Wacharonke Organizations: Bangkok’s, Central, Tourism, Tourism Authority of, Ministry of Tourism Locations: BANGKOK, Shanghai, Thai, Thailand, Bangkok, Phuket, Wan, Wat Arun, Chinatown, Central Asian, Kazakhstan, China, Tourism Authority of Thailand

☆ Citadel Securities is locked in a legal battle with 2 ex-staff who left to start a crypto firm and say they're victims of 'corporate bullying'
▼ + stars: | 2023-09-24 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

The venture has faced legal challenges by Citadel Securities, whose European arm filed a case in London in June 2022. Portofino said in its initial response that Citadel's legal action was "unmeritorious, anticompetitive and a classic example of corporate bullying." AdvertisementAdvertisementIn January 2022 Griffin sold a $1.2 billion stake in Citadel Securities to venture capital firms Sequoia and Paradigm. "Further, their attempt to improperly poach Vincent Prieur, a New York-based employee described as the 'aggregator of all things crypto' at Citadel Securities, is undisputed. Prieur, who later joined Portofino, had also been the subject of legal action by Citadel Securities that was settled out of court, Bloomberg reported.

Persons: Alex Casimo, Leonard Lancia, Ken Griffin, Griffin, Peter Thiel, Slack, Zalando, Portofino, Casimo, it's, Peng Zhao, Matt Huang, Lancia, poach Vincent Prieur, Prieur Organizations: Citadel Securities, Portofino Technologies, Citadel, New, Service, Ventures, Global Founders Capital, Global Founders, Lancia, London Court, Portofino, Court, Southern, of, Sequoia, Paradigm, Financial Times, Bloomberg Locations: New York, Wall, Silicon, Miami, Swiss, London, Europe, of New York, Portofino

☆ China's Wang claims maiden WTA title in Guangzhou
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

The 22-year-old Wang's victory marked the fourth time that a Chinese player has been crowned champion in Guangzhou, following Wang Qiang (2018), Zhang Shuai (2013, 2017) and Li Na (2004). "It was very exciting and it's a very emotional moment because in this tournament, every player is really tough," Wang said. "I wanted a title from the first day, even when I started tennis. China last hosted a WTA tournament in 2019, before the COVID crisis wreaked havoc on the global sports schedule. The WTA was widely praised for suspending tournaments in China but reversed its decision in April.

Persons: Wang Xiyu, Russia's Mirra Andreeva, Toby Melville, Magda Linette, Wang Qiang, Zhang Shuai, Li Na, Wang, I'm, Zhu Lin, Hua Hin, Zheng Qinwen, Peng Shuai, Peng, Shrivathsa Sridhar Organizations: Lawn Tennis, Croquet Club, WTA, Guangzhou, women's, Thomson Locations: London, Britain, Guangzhou, Palermo, China, Bengaluru

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