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CNN —US Treasury Secretary Janet Yellen arrived in Beijing Thursday ahead of high-stakes meetings with senior Chinese officials. The treasury secretary intends “to talk about the bilateral economic relationship, raise issues of concern, and discuss ways we can work together on global challenges” during her meeting with Li, a senior Treasury official told reporters traveling with Yellen. On Friday, Yellen will also meet with her former counterpart, Liu He, in what the Treasury official said could be “seen as a meeting of old friends.”“They were former counterparts. I will say that definitively,” the official told reporters. Yellen will be in China until July 9, according to the Department of the Treasury.

Persons: Janet Yellen, Yellen, China’s Premier Li Qiang, Xi Jinping, “, ”, Li, Liu He, They’ve, Zhou Xiaochuan, Joe Biden’s “, Xi Organizations: CNN, China’s Premier, Treasury, Yellen, People’s Bank of China, Treasury Department, Department of, Biden Locations: Beijing, China, PRC

☆ China hosts Russian warships that passed by Taiwan, Japan
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 6 (Reuters) - China hosted two Russian warships that had earlier sailed past Taiwan and Japan, and the vessels are expected to hold a joint drill with the Chinese navy during their visit, demonstrating the enduring military cooperation between the two countries. The two frigates - Gromkiy and Sovershenniy - made port at the financial hub of Shanghai on Wednesday, Chinese state television reported. The same ships, which belong to the Pacific fleet of the Russian Navy, passed through waters near democratically governed Taiwan at the end of June. China and Russia have pledged stronger military ties, and on Monday, China's Defence Minister Li Shangfu met with the head of the Russian navy, Admiral Nikolai Yevmenov, in Beijing. Gerasimov was quoted by Tass news agency as saying that the two sides will continue to expand their military cooperation.

Persons: Xi Jingping's, Vladimir Putin, Li Shangfu, Nikolai Yevmenov, Commission Liu Zhenli, Valery Gerasimov, Gerasimov, Albee Zhang, Ella Cao, Ryan Woo, Ben Blanchard, Simon Cameron, Moore Organizations: Fleet, Pacific, Russian Navy, NATO, China's, Commission, Tass, Thomson Locations: BEIJING, China, Taiwan, Japan, Shanghai, Vladivostok, Okinawa, U.S, Moscow, Washington, Asia, Pacific, Russia, Russian, Beijing

☆ Foxconn chairman holds talks with Sharp employees in Japan after profit slump
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, July 6 (Reuters) - Foxconn Chairman Liu Young-way held talks with senior and mid-level employees at Japan's Sharp (6753.T) this week and discussed topics including the relationship between the two companies, the Japanese electronics maker said Thursday. Foxconn (2317.TW), the world's largest contract electronics maker, reported a 56% plunge in first-quarter net profit, due to a T$17.3 billion ($553 million) writedown related to its 34% stake in Japanese electronics maker Sharp. During the meetings, which were attended by more than 100 employees, Liu talked about issues including the companies' relationship, Sharp's global positioning and the future of the Japanese company, Sharp said in a statement. Sharp reported in May a full-year loss of $1.9 billion after writing down the value of its panel display business and a swathe of other assets. Following the Japanese company's first net loss in six years, Liu said he would work harder on the management of Sharp but did not offer details.

Persons: Liu Young, Sharp, Foxconn, Liu, Hai's, Yimou Lee, Kiyoshi Takenaka, Anne Marie Roantree, Himani Sarkar, Tom Hogue, Kim Coghill Organizations: Hai Precision Industry, Thomson Locations: TAIPEI, Taiwan, Taipei, Tokyo

[1/6] U.S. Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing, China, Thursday, July 6, 2023. Both sides are sceptical that Yellen's visit will be able to take much heat out of U.S.-China ties, however, with officials accepting that both countries have placed safeguarding national security above economic ties. Yellen will address "unfair" practices by China, including recent punitive actions against U.S. firms and market access barriers, the official added. On Friday she will meet China's Premier Li Qiang and former economy tsar Liu He, who is widely seen as a close confidant of President Xi Jinping. They come ahead of a possible meeting between President Joe Biden and Xi at the Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.

Persons: Janet Yellen, Mark Schiefelbein, Yellen, Nicholas Burns, Li Qiang, Liu He, Xi Jinping, Wang Huiyao, Yellen's, Zhu Feng, Xie Feng, Trump, Wu Xinbo, Antony Blinken, Joe Biden, Xi, Yew Lun Tian, Andrea Shalal, Joe Cash, Clarence Fernandez Organizations: . Treasury, Beijing Capital International Airport, REUTERS, U.S, Center for, Nanjing University, Global Times, Fudan University, Economic Cooperation, Thomson Locations: Beijing, China, REUTERS BEIJING, U.S, Center for China, United States, Russia, Washington, Asia, San Francisco

☆ Beijing's curbs on niche metal exports threaten China supply glut
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +3 min

Gallium prices in China have dropped 12% this year, pressured by its slowing economy. China's germanium ingot price has advanced only 1% to 7,250 yuan per kg since Monday. Overseas price offers are rising much faster, amid fears that Beijing may use the permitting system to restrict shipments. The Chinese government enforces export controls that do not target any particular country," spokesperson Shu Jueting told a weekly press conference. China produces around 60% of the world's germanium, and over 90% of the world's gallium.

Persons: Theo Ruas, Willis Thomas, Ruas, Shu Jueting, Amy Lv, Siyi Liu, Seher, Dominique Patton, Kim Coghill Organizations: China's Ministry of Commerce, Washington, Producers, Corporation, Shanghai Metal Exchange, CRU, Reuters, Thomson Locations: BEIJING, China, Beijing, U.S, London, Bangalore

☆ Yellen's China visit aims at 'new normal' with Beijing
▼ + stars: | 2023-07-05 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

Chinese officials are concerned about the Biden administration's plans to limit U.S. companies' China investments and what they see as moves to decouple the two economies. "There is no substitute for diplomacy," said one senior administration official. "Secretary Yellen’s trip is more than a step toward preparation for a potential Biden-Xi meeting at APEC. Despite the cooling relations, trade between the U.S. and China grew in 2022 for the third year in a row, U.S. Commerce Department data show. Two other Cabinet secretaries, Commerce chief Raimondo and U.S. Trade Representative Katherine Tai, met in May with Chinese Commerce Minister Wang Wentao.

Persons: Janet Yellen's, Biden, COVID lockdowns, Antony Blinken, Xi Jinping, Wu Xinbo, Yellen's, Gina Raimondo, Derek Scissors, Yellen, Russia's Wagner, Joe Biden, Xi, Scott Kennedy, Jake Colvin, Donald Trump, Colvin, Lifeng, Liu He, Raimondo, Katherine Tai, Wang Wentao, Andrea Shalal, Michael Martina, Lun Tian Yew, Dan Burns, Heather Timmons, Andrea Ricci Organizations: . Treasury, China's Fudan University, American Enterprise Institute, U.S, Economic Cooperation, Biden, APEC, Center for Strategic, International Studies, Foreign Trade, . Commerce Department, Treasury, . Trade, Chinese Commerce, Thomson Locations: China, Russia, U.S, Beijing, Ukraine, United States, Asia, San Francisco, Washington, Zurich, Wang Wentao .

In 2022, top importers of China's gallium products were Japan, Germany and the Netherlands, news website Caixin said, citing customs data. Top importers of germanium products were Japan, France, Germany and the United States, it said. The buyers were anticipating it could take as long as two months to obtain export permits. Jefferies analysts said they saw the export controls as China's second and bigger countermeasure after the Micron ban. "If this action doesn't change the U.S.-China dynamics, more rare earth export controls should be expected."

Persons: Peter Arkell, Jeffries, Janet Yellen, Arkell, Caixin, Morris Young, Roy Lee, Amy Lv, Brenda Goh, Siyi Liu, Kentaro Sugiyama, Joyce Lee, Ben Blanchard, Melanie Burton, Tom Hogue Organizations: China, Companies, Global Mining Association of China, U.S, AXT Inc, Micron, Jefferies, ., Thomson Locations: China, Beijing BEIJING, SHANGHAI, United States, Washington, Beijing, Japan, Germany, Netherlands, France, Europe, Taiwan, South Korea, Yunnan, Shanghai, Tokyo, Seoul, Taipei, Melbourne

☆ Why the US ‘does not get to assume that it lasts forever’
▼ + stars: | 2023-07-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”

Persons: we’ve, ”, Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, “, Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, “, US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona

In Asia, while factory activity expanded marginally in China, it contracted in Japan and South Korea as Asia's economic recovery struggled to maintain momentum. REUTERS/Siyi LiuChina's Caixin/S&P Global manufacturing PMI eased to 50.5 in June from 50.9 in May, the private survey showed. The figure, combined with Friday's official survey that showed factory activity extending declines, adds to evidence the world's No. South Korea's PMI fell to 47.8 in June, extending its downturn to a record 12th consecutive month on weak demand in Asia and Europe. Factory activity also contracted in Taiwan, Vietnam and Malaysia, the PMI surveys showed.

Persons: Rory Fennessy, lockdowns, Toru Nishihama, Siyi Liu China's, Jonathan Cable, Sam Holmes, David Evans Organizations: PMI, European Central Bank, Oxford Economics, P, Dai, Research, REUTERS, P Global, Reuters, Jibun, of, International Monetary Fund, Thomson Locations: Japan, South Korea, China, TOKYO, Europe, Britain, Asia, United States, European, U.S, Dezhou, Shandong province, South, Taiwan, Vietnam, Malaysia, of Japan's

☆ Asia's factory output slumps as weak China demand weighs
▼ + stars: | 2023-07-03 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

While manufacturing activity expanded marginally in China, it contracted in powerhouses Japan and South Korea as Asia's fragile economic recovery struggled to maintain momentum. New orders from overseas customers decreased in June at the fastest rate in four months reflecting feeble demand from China, the Japan PMI survey showed. Factory activity also contracted in Taiwan, Vietnam and Malaysia, the PMI surveys showed. Asia's economy is heavily reliant on the strength of China's economy, which saw growth rebound in the first quarter but subsequently fell short of expectations. The fate of Asia's economy, including China's, will have a huge impact on the global economy with aggressive monetary tightening to curb inflation likely to weigh on U.S. and European growth.

Persons: Liu, lockdowns, Toru Nishihama, Leika Kihara, Sam Holmes Organizations: REUTERS, PMI, Dai, Research, P Global, Reuters, Jibun, Japan PMI, International Monetary Fund, Thomson Locations: Dezhou, Shandong province, China, Japan, South Korea, TOKYO, Asia, U.S, Europe, Taiwan, Vietnam, Malaysia

☆ Americans living in Europe on how easy it is to take PTO: 'I am still getting used to 30 days of vacation'
▼ + stars: | 2023-07-03 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

It's the only advanced economy in the world that doesn't have federal laws requiring paid leave for vacations or sick time, and as a result, many rely on policies that vary by employer. When left up to businesses, the average American worker gets just 11 days of paid vacation in their first year at a company, according to the Bureau of Labor Statistics. In a culture that prizes productivity, even workers who do get vacation days often leave them on the table. Krys Elexandra, 26, lived in Arizona and moved to Germany 18 months ago to explore Europe and because of her strong interest in German culture. Elexandra is entitled to 30 paid days off in Germany and was surprised to find it's "extremely easy" to request time off.

Persons: Krys Elexandra, Elexandra Organizations: Bureau of Labor Statistics, CNBC Locations: Europe, Arizona, Germany, South Korea

☆ Chinese hospital ship to visit Pacific to boost 'responsible' image
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

"It is to present our image as a responsible big country", navy spokesperson Liu Wensheng said in a statement. China signed a security pact with the Solomon Islands last year and hopes to build similar ties with other Pacific countries. Its foreign minister has said relations with the Solomon Islands can serve as a model. The United States has pledged to triple funding for the region and it opened an embassy in the Solomon Islands in February after a 30-year absence. In May, the U.S. opened an embassy in Tonga and signed a defence pact with Papua New Guinea.

Persons: Liu Wensheng, Solomon, Albee Zhang, Ryan Woo, Robert Birsel Organizations: United, Thomson Locations: BEIJING, China, Kiribati, Tonga, Vanuatu, Solomon Islands, East Timor, United States, Pacific, Australia, New Zealand, U.S, Papua New Guinea

☆ Heart-Shape Gems Get Lots of Love
▼ + stars: | 2023-07-02 | by ( Ming Liu | ) www.nytimes.com time to read: 1 min

From heart emojis to hands held to form a heart, heart motifs abound at the moment, and the jewelry world has gotten the memo: heart-shape stones seem to be everywhere. The large heart-shape diamond now worn by Lauren Sánchez — reportedly estimated at 25 to 30 carats and the ring that Jeff Bezos used to propose marriage, made headlines recently during the couple’s cruise around the Mediterranean. It had some competition in May at the Cannes Film Festival, where Natalie Portman honored emerging talent at the Trophée Chopard event in a blue Dior gown that matched her Chopard necklace of 25 sapphire hearts, totaling 119.95 carats, with each one trimmed in diamonds. Just days later, Gigi Hadid was photographed on the red carpet in a Messika Toi & Moi ring that juxtaposed two sparkling hearts: a 7.06-carat pink diamond and a 16.18-carat yellow diamond, each accentuated with white diamonds.

Persons: Lauren Sánchez —, Jeff Bezos, Natalie Portman, Gigi Hadid Organizations: Cannes Film

Their experience, which culminates in a demonstration day, is supposed to be the most productive three months of the fellows’ lives. And this year at the Archbishop’s Mansion in San Francisco, the home of the fellows, almost everyone has been monastically focused on what has become the city’s newest religion: artificial intelligence. gospel had not yet spread in 2021, when Fontenot and his two co-founders, Emily Liu and Evan Stites-Clayton, started the accelerator. But at the mansion in San Francisco, eight of the 10 companies in HF0’s first batch this year were working on A.I.-based apps. “But there’s a threshold where they become dramatically more useful, and I think now it’s crossed that.”

Persons: HF0, ’, Dave Fontenot, Fontenot, Emily Liu, Evan Stites, OpenAI, ”, Robert Nishihara Organizations: Spotify Locations: San Francisco, Clayton, Miami

☆ A $50,000 wedding for free: What it's like to win an all-inclusive wedding giveaway
▼ + stars: | 2023-07-01 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +5 min

Half of wedding vendors say higher costs of goods, from food to flowers to gas, are driving them to increase their service prices. A growing share of couples are adding cash funds to their wedding registries — some even earmarked specifically to help pay for the wedding itself. But with their surprise wedding winnings, Moore estimates their wedding day will be valued at more than $16,500. Usually, couples who win the free services are asked to promote the businesses on social media, or to appear in their marketing materials online and elsewhere. Now a couple of years after her wedding, Brallier continues to shout out the vendors who gifted her and her husband, Jacob, 26, a dream wedding.

Persons: Zola, Melanie Moore, Brandon Wallace, —, Moore, Wallace, Wallace's, Emily Forrest, Forrest, Jen Brallier, Jen, Jacob Brallier, Brallier, Jacob Organizations: Savings Locations: Memphis, Zola, Puerto Vallarta , Mexico, Tulsa

☆ Cambodia's Hun Sen kicks off campaign for virtually unopposed election
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +3 min

[1/8] Cambodia’s Prime Minister Hun Sen and president of the ruling Cambodian People’s Party (CPP) attends an election campaign for the upcoming national election in Phnom Penh, Cambodia, July 1, 2023. Hun Sen said his Cambodian People’s Party (CPP) has ensured peace, socio-economic development and the strengthening of democracy, adding that rights and freedoms were being respected. The main opposition party was dissolved in 2017 over an alleged coup attempt, with scores of its members imprisoned. Hun Sen also recently ordered Cambodia's parliament to revise the law so that anyone who does not vote will be barred from contesting any future elections. This week Hun Sen quit Facebook for Telegram.

Persons: Hun Sen, Cindy Liu PHNOM, Hun Manet, Sam Rainsy, Phay Siphan, Hun Sen's, Poppy McPherson, Edwina Gibbs Organizations: Cambodia’s, Cambodian People’s Party, REUTERS, Cambodian, Saturday, Facebook, Post, Telecommunications, Royal Cambodian Armed Forces, United States Military Academy, West, Reuters, Thomson Locations: Phnom Penh, Cambodia, Cindy Liu PHNOM PENH, U.S

☆ The Supreme Court ruled against affirmative action in college admissions—what students should know
▼ + stars: | 2023-06-29 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

The Supreme Court ruled Thursday that affirmative action admission policies at Harvard University and the University of North Carolina are unconstitutional. The decision means universities can no longer consider race in addition to other factors when admitting students, ending 40-plus years of affirmative action policies intended to achieve greater racial diversity at top-tier colleges. In response to the Court's decision, students, alumni and educators have spoken up about the need for more work to make universities more accessible to students who come from historically disadvantaged communities. Colleges and universities have been preparing for what an end to race-conscious admissions could mean for their admissions processes, beginning with students applying to schools this fall. Here's how the college admissions process could change in the coming months and years.

Persons: Becky Pringle, Pringle Organizations: Harvard University, University of North, National Education Association, Fair, Harvard, UNC, NEA, of Education, Department, Justice Locations: University of North Carolina

☆ ‘Students will suffer’: Harvard and UNC students, alumni react to 'disappointing' Supreme Court ruling rejecting affirmative action in admissions
▼ + stars: | 2023-06-29 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +5 min

The Supreme Court ruled Thursday that affirmative action policies at Harvard and the University of North Carolina that consider a student's race for college admissions are unconstitutional. The court's decision is not surprising but "disappointing" nonetheless, says Julian Taylor, a rising junior and member of the Affirmative Action Coalition at UNC Chapel Hill. The CEO and founder of the sustainability brand Blueland has been vocal about the importance of maintaining affirmative action policies at top colleges. Research has shown that the removal of affirmative action has led to declines in minority admissions at universities. Overturning 40-plus years of affirmative action in colleges

Persons: Edward Blum, Blum, Julian Taylor, Brown, Taylor, John Roberts, Chancellor Kevin Guskiewicz, Sarah Paiji Yoo, wouldn't, Claudine Gay Organizations: U.S, Supreme, of Harvard College, University of North, Harvard, Fair, UNC, United States, Affirmative, Coalition, UNC Chapel Hill, UNC Affirmative, Chapel, ACT, Harvard Business School, CNBC Locations: University of North Carolina, Washington ,, Chapel Hill

☆ TSMC sending more workers to speed up building of new Arizona plant
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] U.S. President Joe Biden speaks with Chairman of TSMC Mark Liu during a visit to TSMC AZ's first Fab (Semiconductor Fabrication Plant) in P1A (Phase 1A), in Phoenix, Arizona, U.S. December 6, 2022. The first Arizona chip fabrication facility, or fab, is scheduled to be operational by 2024. TSMC did not disclose how many workers from Taiwan are currently in Arizona. The additions will not impact the 12,000 workers currently on-site every day or U.S.-based hiring, it added. While TSMC has said the bulk of its manufacturing, especially of the most advanced chips, will remain in Taiwan, it is also building a plant in Japan and considering another one in Germany.

Persons: Joe Biden, Mark Liu, TSMC, Jonathan Ernst, Biden, Ben Blanchard, Edwina Gibbs Organizations: REUTERS, Taiwan Semiconductor Manufacturing Co, Apple Inc, Nvidia Corp, TSMC's, Thomson Locations: P1A, Phoenix , Arizona, U.S, TAIPEI, Taiwan, ., Arizona, Japan, Germany, TSMC's Taipei

☆ Exclusive: US, Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process. Other companies that could be impacted by the new Dutch rules include atomic layer deposition firm ASM International.

Persons: Liu Pengyu, ASML, Karen Freifeld, Toby Sterling, Anna Driver, Stephen Coates Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon Corp, Tokyo Electron, U.S, SMIC, International, Thomson Locations: United States, Netherlands, U.S, China, Washington, Japan, ASML'S, Almere, Amsterdam

☆ China's economic recovery is 'doomed to fail' as Beijing shifts away from investment, think tank experts say
▼ + stars: | 2023-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economic recovery is practically doomed, experts from the Council of Foreign Relations said in an op-ed. The Chinese government has launched a plan for consumption-led growth, meaning the nation will shift away from investment. Meanwhile, 43% of China's economy is driven by investment – about double the US's long-run average of 22%. Experts have warned of trouble for China's economy as it sees a so-far disappointing economic rebound. Investors, meanwhile, have pulled their cash out of China at a faster pace as they lose faith in its grand economic reopening.

Persons: —, Xi Jinping, Zongyuan Zoe Liu, Benn Steil, Xi, Liu, Steil Organizations: of Foreign Relations, Service, Foreign Affairs, Council, Foreign Relations, Investors Locations: York, Xi's China, Beijing, China

☆ Like getting price tracking alerts from your online broker? Here's why you should be careful
▼ + stars: | 2023-06-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

You know all those price tracking alerts you can get from your broker that alert you to changes in price for your favorite stock, mutual fund or ETF, or that alerts you about 52-week highs or lows? The authors, Che-Wei Liu, Yanzhen Chen, Ming-Hui Wen, partnered with one of the largest retail mutual fund investment platforms in Taiwan, which provides a free price tracking alerts tool. Why did the group that utilized the price alerts underperform? Because the price alerts made traders cocky and because a lot of the traders were financially illiterate and didn't understand what they were doing. The SEC is worried too The SEC has expressed concerns over these digital trading platforms, including ones that provide price tracking alerts, which may be encouraging excessive trading.

Persons: Wei Liu, Yanzhen Chen, Ming, Hui Wen, Larry Swedroe Organizations: Strategic Wealth, SEC, Industry Regulatory Authority Locations: Taiwan

☆ U.S., Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: +4 min

Japan, home to chip equipment makers Nikon and Tokyo Electron , has since adopted rules to restrict exports of 23 types of semiconductor manufacturing equipment that will take effect July 23. ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process.

Persons: Mark Rutte, Joe Biden, Liu Pengyu, ASML Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon, Tokyo, U.S, SMIC, International Locations: Netherlands, U.S, China, United States, Washington, Japan, ASML'S, Almere

☆ Brands focus on stories in refining China livestreaming to boost profits
▼ + stars: | 2023-06-28 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +6 min

[1/5] Livestreaming sessions by Chinese livestreamers Li Jiaqi and Viya, whose real name is Huang Wei, (L) are seen on Alibaba's e-commerce app Taobao displayed on mobile phones in this illustration picture taken December 14, 2021. Stellar growth boosted by the COVID-19 pandemic saw the industry employ more than 1.23 million livestream hosts by 2020, says researcher iResearch, along with numerous accompanying livestream-related training academies and agencies. While Tmall and Li Jiaqi remain powerful, brands moving away from that strategy are cutting reliance on massive discounts and even his famous exhortation, "Oh my god! Liu once thought her brand's price point of about 2,000 yuan ($277) for its dresses made it incompatible with bargain-heavy livestreaming. The dominance of pureplay sales platforms such as Alibaba's Tmall and Taobao, along with JD.com (9618.HK), is increasingly challenged by entertainment and information-led platforms such as Douyin and Xiaohongshu.

Persons: Li Jiaqi, Huang Wei, Florence Lo, Apple's, William Lau, Clyde, iResearch, Jacob Cooke, Li, Liu, Hugo Boss, superhost Viya, Lexie Moris, Betty, Casey Hall, Miyoung Kim, Clarence Fernandez Organizations: REUTERS, Apple Watch, HK, Tmall, Thomson Locations: SHANGHAI, China, Beijing, Asia, Pacific, Douyin

☆ Hustle culture isn't dead, it just got a Gen Z rebrand: 'People want time to live their lives'
▼ + stars: | 2023-06-28 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +6 min

The oldest members of Gen Z are just a few years into being part of the workforce, and they're already being stereotyped as lazy. Hustle culture isn't dead — it's just getting a Gen Z rebrand. When I think of my peers and Gen Z, I don't hear anyone talk about corporate success or climbing the corporate ladder. Jade WaltersWalters, like many of her peers, has a side hustle: The Ninth Semester, a Gen Z career resource. As Gen Zers gain ground in the labor force, it's likely those values will flow through other generations of workers, too.

Persons: Gen, they've, Gen Zers, — it's, Zers, Jade Walters, it's, Jade Walters Walters, Martha Bird, Walters, Covid, Bird, DeAndre Brown, Brown, Hustling Organizations: ADP Locations: Chicago, Los Angeles

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