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Yet the idea of building rosters of paid political contributors took off with cable news. MSNBC, CNN and Fox News Channel are, in large part, political talk channels and seek experts to help fill the time. Being on call to opine can be lucrative work; several reports had NBC agreeing to pay McDaniel $300,000 a year. Even NBC News, whose MSNBC cable outlet appeals to liberals, has more than a dozen Republican contributors. John Kasich and Bulwark founder Charlie Sykes — either predate Trump in their active political work or oppose him, or both.

Persons: —, Ronna McDaniel, Donald Trump, McDaniel, Chuck Todd, Rachel Maddow, Cesar Conde, ”, Mark Whitaker, Shana Alexander, James Kilpatrick's, George Stephanopoulos, Tim Russert, Michael Steele, John Kasich, Charlie Sykes —, MAGA, Reince Priebus, Mick Mulvaney, Mulvaney, Priebus, Tom Bossert, Alyssa Farah Griffin, Trump, David Urban, Mark Esper, Griffin, Mike Pompeo, Alex Conant, Mark Lukasiewicz, ” Lukasiewicz, “, Jay Rosen, NBC's Conde, McDaniel didn't, Joe ”, Mika Brzezinski, That's, ” Conant, Brian Roberts, Conde, Rebecca Blumenstein, Rashida Jones, Carrie Budoff Brown, Jones, Margaret Sullivan, ___ David Bauder Organizations: NBC News, Republican National Committee, GOP, Republican, NBC Universal, MSNBC, CNN, Fox News, NBC, RNC, Ohio Gov, Trump, CBS, ABC News, Trump Homeland Security, Networks, Hofstra, “ Journalists, New York University, ” Networks, Republicans, Comcast, Washington Post, Center for Journalism, Columbia University, Guardian, Associated Press Locations: Washington, MSDNC

☆ Man Is Charged With Murder in Fatal Shooting of N.Y.P.D. Officer
▼ + stars: | 2024-03-28 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

A man was charged on Thursday with first-degree murder in the fatal shooting of Police Officer Jonathan Diller, the Queens district attorney announced. Ms. Katz said that Mr. Rivera faced life in prison without parole if convicted. It was not clear whether Mr. Rivera had a lawyer. Officer Diller then yelled at Mr. Rivera to take his hands out of his pockets, the police said. Officer Diller’s partner, Officer Veckash Khedna, shot Mr. Rivera in the back.

Persons: Jonathan Diller, Guy Rivera, Sasha Rosen, Rivera, Melinda Katz, Ms, Katz, Mr, Diller, Veckash Khedna Locations: Queens, Rockaway

☆ Mark Zuckerberg told Facebook execs to 'figure out' how to track encrypted usage on rival apps like Snap and YouTube, unsealed documents show
▼ + stars: | 2024-03-26 | by ( Kali Hays | Jack Newsham | ) www.businessinsider.com time to read: +5 min

Newly unsealed emails reveal that when Meta was still called Facebook, CEO Mark Zuckerberg ordered his executives to find a way to learn how people were using competing apps like Snapchat, even if the information was encrypted. Advertisement"Given how quickly they're growing, it seems important to figure out a new way to get reliable analytics about them," Zuckerberg wrote of Snapchat in the email. The app "doesn't (can't) decrypt data," a Facebook employee noted in an email to Zuckerberg included in a court document. While the existence of Onavo's work to track rival app usage has been reported, details of Meta's actions, the executives involved, and the surrounding communications were unreported. AdvertisementAdvertisers suing Meta said the company failed for years to disclose its use of Onavo technology to intercept rivals' analytics traffic.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Javier Olivan, Snapchat, Olivan, Guy Rosen, Rosen, —, Mike Schroepfer, Kali Hays Organizations: Service, Facebook, Business, Meta, Wall Street, YouTube, SSL, TechCrunch Locations: California, Onavo, khays@insider.com

☆ China officials are reportedly pushing banks to rush loans to cash-strapped real estate developers
▼ + stars: | 2024-03-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +1 min

Officials in China are pushing banks to rush loans for property developers, Reuters reported. The real estate sector is in a downturn, and many lenders are strapped for cash. The move could boost homebuyer sentiment, though it may also decrease lenders' asset quality, per Reuters. AdvertisementOfficials in Beijing are pushing Chinese banks to rush loan approvals for property developers stuck in a prolonged downturn, according to Reuters. China's real estate woes over the last year have spurred concerns of an impending "Lehman moment" amid slumping property values, declining homebuyer sentiment, and a backlog of unfinished construction projects.

Persons: —, Lehman Organizations: Reuters, Service, Business Locations: China, Beijing

☆ Domestic demand is the biggest thing missing from China's growth equation: Rhodium's Daniel Rosen
▼ + stars: | 2024-03-25 | 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 EmailDomestic demand is the biggest thing missing from China's growth equation: Rhodium's Daniel RosenDaniel Rosen, Rhodium Group founding partner, joins 'Squawk Box' to discuss China's Development Forum, state of China's economy, growth outlook, and more.

Persons: Rhodium's Daniel Rosen Daniel Rosen Organizations: Group, China's

☆ New Yorkers who make six figures won't save as much moving to Texas and Florida anymore
▼ + stars: | 2024-03-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

New Yorkers have historically moved to Florida and Texas to save money on taxes and other expenses. AdvertisementIn December, Rahul Sen Sharma told Business Insider that he was moving from New York to Miami — and bringing his company with him. New Yorkers moving to Texas for many of the same reasons will also face sticker shock. The savings gained by moving to Florida and Texas are dwindlingUtilities, gas, and housing are just a few expenses that have gotten pricier in Florida and Texas since 2019. "The property-tax percentage rate is higher," Marie Bailey, a Texas real-estate agent who moved from California, told Business Insider's Alcynna Lloyd.

Persons: —, Rahul Sen Sharma, Sen Sharma, BI's Phil Rosen, Jeff Bezos, Ken Griffin, SmartAsset, Dallas, Alexander Spatari, Realtor.com, Jaclyn DeJohn, SmartAsset's, Wager, Robert Walsh, Marie Bailey, Insider's Alcynna Lloyd Organizations: Service, Miami —, Bloomberg ., New, Miami, relocators, Miami . Miami Beach, Bloomberg, Business, Sunshine State, CBS, Fort Locations: Florida, Texas, New York, Miami, NYC, Austin, Florida and Texas, Dallas, Miami ., Manhattan, Fort Lauderdale , Florida, Fort Lauderdale, California

☆ 'Act like you're dead': What Anthony Scaramucci tells clients nervous about bitcoin's big swings
▼ + stars: | 2024-03-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Bitcoin investors shouldn't sell amid high volatility, Anthony Scaramucci said. He said clients have been dismayed by the crypto's big price swings. He said at the Bitcoin Investor Day conference that his advice to clients is to "act like you're dead." "So act like you're dead with your bitcoin and don't sell your bitcoin. That occurrence, industry experts say, could create a supply shock and ultimately push the price of bitcoin higher.

Persons: Anthony Scaramucci, —, Anthony Pompliano, Scaramucci, Donald Trump, Charles Schwab, Bitcoin, Cathie Wood Organizations: Service, SkyBridge, Wall Street, White, Communications, Securities and Exchange, BlackRock, Fidelity, SEC

☆ Google and Apple's rumored partnership could upend the AI industry
▼ + stars: | 2024-03-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a potential partnership between Google and Apple over AI features would mean for both companies and the wider industry. The big storyGoogle, Apple, AIRebecca Zisser/BITwo of the world's biggest tech companies are reportedly discussing a partnership that would upend the AI industry. Apple is considering integrating Google's AI model, Gemini, into the iPhone . The company has been noticeably quiet around its AI plans compared to peers like Google, Microsoft, Meta, and Amazon. So even if Apple and Google come to an agreement, they could still face some serious regulatory pushback.

Persons: —, hasn't, Rebecca Zisser, Mark Gurman, Sundar Pichai, Apple, it's, Tim Cook, Google's Gemini, Insider's Hasan Chowdhury, BI's Phil Rosen, Mike Coppola, Jerod Harris, Grzegorz Wajda, Chelsea Jia Feng, It's, OpenAI, Stephanie Cohen, Goldman Sach's, Goldman Sachs, Jenny Chang, Rodriguez, Goldman, Josh Edelson, Chip Somodevilla, TikTok, Jensen Huang, Blackwell, Alyssa Powell, elbowed, Manoj Bhargava, Steve Huffman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Google, Apple, Business, Gemini, Microsoft, Meta, Google's, Getty, Vox Media, Getty Images, Department of, Big Tech, Wall, Cloudflare, Bank of Japan, SXSW, Nvidia, Sports Illustrated, Arena Group Locations: AFP, Woodstock, Arizona , Florida , Illinois , Kansas, Ohio, New York, London

It recently unveiled what it calls Vitruvius, an AI program that helps consumers design custom homes online and get the plans, making the process cheaper and faster. Vitruvius can recall every design and possibility it's ever seen, according to Ballard. Though other AI models have gotten into hot water for potential copyright infringement, Ballard said he isn't concerned in this case. "I have no doubt that tools like this are going to change the way that we do things." Ballard said the implications of AI in architecture extend beyond just consumers looking to save on architecture fees.

Persons: Vitruvius, Jason Ballard, Ballard, It's, Leonardo Guzman, Gina McAndrews, I've, McAndrews Organizations: Southwest Locations: U.S, Ballard, Austin , Texas

☆ The cocoa market is so hot that the commodity has crushed bitcoin's 150% gain in the last year
▼ + stars: | 2024-03-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Cocoa prices are hovering near historic highs around $8,000 per metric ton. The chocolate commodity has outperformed bitcoin in the last year, gaining more than 200%. A bad harvest and lack of investment have sent cocoa prices higher over recent months. Related storiesRoughly three-fourths of the world's cocoa, per Bloomberg, comes from four countries in West Africa: Ivory Coast, Ghana, Cameroon, and Nigeria. Last month, chocolate giants Hershey and Cadbury both warned of potential price hikes for consumers in light of the cocoa supply shortage.

Persons: —, that's Organizations: Service, Bloomberg, Processors, Reuters, International Cocoa Organization, Hershey, Cadbury Locations: West Africa, Ivory Coast, Ghana, Cameroon, Nigeria

☆ Apple and Alphabet stocks rally on report Google's Gemini could power next-gen iPhones
▼ + stars: | 2024-03-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Bloomberg reported Monday Apple and Google are in talks for iPhones to integrate Gemini AI. "The potential deal is a validation moment for Google's generative AI positioning," Wedbush said. AdvertisementBloomberg reported Monday that Google and Apple are in talks to potentially integrate Gemini's generative AI technology with iPhones, and shares of both companies soared on the news. "The potential deal is a validation moment for Google's generative AI positioning," Wedbush analyst Scott Devitt said in a note Monday. AdvertisementSources told Bloomberg that Apple could license Gemini to support new software coming to iPhones this year, adding that Apple has held similar discussions with OpenAI.

Persons: Wedbush, —, Scott Devitt, Elon Musk, Apple, Devitt Organizations: Bloomberg, Apple, Google, iPhones, Gemini, Service, Bank of America, Al Locations: New York, Cupertino

☆ The state of women's sports: Top executives weigh in on parity, media share and NIL regulations
▼ + stars: | 2024-03-17 | by ( Jessica Golden | ) www.cnbc.com time to read: +12 min

From Caitlin Clark fever in Iowa to a packed house of 92,000 fans for women's volleyball in Nebraska, women's sports have never been more at the forefront. Last year saw record media deals for women's sports as the NCAA and NWSL both inked groundbreaking agreements. David Dow | Getty ImagesCathy Engelbert, commissioner of the Women's National Basketball Association: One of the obstacles is the undervaluation of our assets. Jayna Hefford, senior vice president of operations for the Professional Women's Hockey League: Women's sports still struggle to secure prime broadcast windows, consistent airtime and traditional media coverage. Steven Ferdman | Getty ImagesAmy Howe, FanDuel CEO: Women's sports need to continue to position their star athletes (i.e.

Persons: Caitlin Clark, Matthew Holst, there's, Renie Anderson, Jessica Berman, Jesse Grant, CNBC Jessica Berman, Cathy Engelbert, Breanna Stewart, David Dow, Jessica Gelman, John Lamparski, KAGR, Caitlin Clark's, Jayna Hefford, Haley Rosen, Mollie Marcoux Samaan, Michael Reaves, LPGA we've, Katrina Adams, Louis Armstrong, USTA Billie Jean King, Steven Ryan, Sabrina Ionescu, Coco Gauff, —, Berman, Pamela Duckworth, Engelbert, Magic Johnson, Larry Bird, Michael Jordan, Amy Howe, Steven Ferdman, FanDuel, Ionescu, A'ja Wilson, Rosen, Adams, they've, Renie, Anderson, I'm, influencers, Duckworth, Angel Reese, Billie Jean King, Jayna, Mark Blinch Organizations: Iowa Hawkeyes, NCAA, Michigan Wolverines, Carver, Getty, women's, Deloitte, CNBC, NFL, National Women's Soccer League, National Women's Soccer, WNBA, New York Liberty, Kia, Connecticut Sun, National Basketball Association, Business, New York Marriott Marquis Hotel, MIT Sloan Sports Analytics, MIT Sloan Sports Analytics Conference, Sports, Professional Women's Hockey, Association, Tiburon Golf Club, Professional, LPGA, USTA, Louis, USTA Billie, USTA Billie Jean King National Tennis Center, United States Tennis Association, Women's Tennis, Fubo Studios, FuboTV, NBA, Nike, Wall, Spring Studios, Renie Anderson NFL, Toronto, New York, Mattamy Athletic Centre Locations: Iowa City , Iowa, Iowa, Nebraska, Brooklyn , New York, New, New York City, Naples , Florida, NY, Toronto , Ontario, Canada

Some Nevada Republicans say the story demonstrates Brown’s deeper understanding of the complexities of reproductive healthcare in a state where voters guaranteed the right to abortion through a referendum. They also hope it illuminates a gray area that many Republican women feel extends beyond “yes” or “no” answers on abortion rights. She said Nevada Republicans have no desire to overturn the state’s existing protections, unlike in Republican-led states like Texas and South Carolina. She also hopes the Browns’ announcement helps move abortion access, largely a winning issue for Democrats, “off the table” in the Senate race. When left to the states, women in Texas facing the same circumstances today would not have the options his wife had in the state in 2008.

Persons: —, Sam Brown's, “, ”, Pauline Ng Lee, Brown, Amy, Roe, Wade, Sam Brown, Democratic Sen, Jacky Rosen, Adam Laxalt, “ Amy, ” Rebecca Gill, Brown's, ” Gill, ” Lindsey Harmon, Democrat Rosen, doesn't, Brett Kavanaugh’s, Amy Brown’s, Republican Assemblywoman Danielle Gallant, She’s, Gallant, Amy Brown, Rosen, Adriana Gomez Licon, ____ Stern, Stern Organizations: —, Republican U.S, Republicans, GOP, Browns, U.S . Senate, Republican, Nevada Republican Club, Nevada Republicans, Senate, NBC News, Supreme, Democratic, Texas, Texas Legislature, NBC, Nevada, Associated Press, Army, University of Nevada, Parenthood, Democrat, America Statehouse News Initiative, America Locations: RENO, Nev, In Nevada, Nevada, Texas, South Carolina, Nevada's, In Texas, U.S, Afghanistan, San Antonio, Las Vegas, Parenthood Nevada, Carson City, Miami

☆ Bitcoin's halving is unlike others before it: A supply shock colliding with a demand tidal wave
▼ + stars: | 2024-03-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

A bitcoin halving — when the number of tokens rewarded to miners gets cut by 50% — happens reliably every four years. This time, however, supply will slow within months of an unprecedented demand shock, fueled by the approval of 11 spot bitcoin ETFs from asset management titans including BlackRock and Fidelity. AdvertisementAnd what's new this year is the wave of demand from bitcoin ETFs. Recent weeks have seen single-day inflows into spot bitcoin ETFs topping $1 billion, BitMex data shows. "We've never had both a supply shock and a demand shock at the same time."

Persons: —, Sandy Kaul, Franklin Templeton's, bitcoin, it's, Greg Magadini, Magadini, Kaul, We've, Samir Kerbage, doesn't, Kerbage, Brian Rudick, Rudick Organizations: Service, BlackRock, Fidelity, Business

☆ Trump 2.0 would threaten Mexico's new status as America's top trade partner
▼ + stars: | 2024-03-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

A second Trump presidential term poses a risk to Mexico's status as the US's top trade partner. According to Capital Economics, Trump 2.0 threatens Mexico's newly gained status. In a Tuesday note, Capital Economics strategists said much of the impact would hinge on whether the US-Mexico-Canada Agreement (USMCA) deal remains intact. To Capital Economics, Mexico is one of the most vulnerable emerging markets as far as repercussions to this potential move. Mexico's trade with the US accounts for about one-third of its GDP.

Persons: Trump, —, Donald Trump, USMCA Organizations: Trump, Capital Economics, Service, Capital, North America Free Trade, US Alliance of Automobile Manufacturers Locations: Mexico, China, Canada, US, shoring

☆ Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions
▼ + stars: | 2024-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The National Association of Realtors announced a $418 million settlement to end antitrust lawsuits. Real estate stocks including Zillow and Redfin fell Friday after the announcement. AdvertisementShares of real estate companies plunged on Friday following an announcement from the National Association of Realtors that resolves a lawsuit with home-selling groups and effectively nixes the standard 6% commission for home purchases. As part of the settlement, the NAR has agreed to prevent sellers' brokers from determining the compensation for buyers' agents. AdvertisementTaken together the changes will rewrite the longstanding real estate business model which had sellers pay their broker and the buyer's broker.

Persons: Redfin, —, Nykia Wright, Kevin Sears Organizations: National Association of Realtors, Service, NAR

☆ Why weight-loss drugs like Ozempic are a game-changer for the global economy
▼ + stars: | 2024-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Capital Economics said weight-loss drugs could be game-changers for the world economy. Eventually, AI could supercharge the healthcare sector, so weight-loss drugs could be just the beginning. Capital Economics noted that share prices fell in 2023 for many fast-food companies as weight-loss drugs gained popularity, though some of those losses have since been pared. Weight-loss drugs and AIGLP-1 drugs' emergence, meanwhile, has happened alongside the explosion of artificial intelligence technology and hype. If so, the economic gains heralded by weight-loss drugs might be just the beginning."

Persons: —, Goldman Sachs, Eli Lilly Organizations: Service, Capital Economics, Nordisk, Organization, Economic Cooperation, Development Locations: Mexico, America, Denmark, Korea

☆ A huge wave of housing inventory hit the market in February as the 'lock-in' effect eases
▼ + stars: | 2024-03-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +1 min

Zillow reported that a wave of new inventory hit the market in February. New listings of existing homes on Zillow jumped 21% year-over-year last month. The data suggest the "lock-in" effect and frozen housing market are softening. AdvertisementHigh mortgage rates, elevated home prices, and tight inventory have kept many Americans sidelined from the housing market since the pandemic. Zillow data out Thursday showed new listings of existing homes jumped 20.8% in February compared to the same time in 2023, and climbed 20.3% month-over-month.

Persons: Zillow, — Organizations: Service, Business

☆ Markets are eyeing a June rate cut. Here's what Fed officials have said on policy, jobs, and inflation that point to the next steps.
▼ + stars: | 2024-03-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Fed officials have said rate cuts are coming soon, but inflation must still cool further. Markets are placing the greatest odds on a rate cut in June, fed fund futures show. AdvertisementFederal Reserve officials have said interest rate cuts are coming this year, but there's not an exact date in their outlook just yet. Those expectations were little changed after Tuesday's inflation report, which showed CPI came in hotter than expected in February. Reducing our policy rate too soon could result in requiring further future policy rate increases to return inflation to 2 percent in the longer run."

Persons: —, there's, CME's, Jerome Powell, " Neel Kashkari, Michelle Bowman, Patrick Harker, Raphael Bostic, John Williams, Christopher Waller Organizations: Service, Federal, Bank of America, Capital, Capital Economics, Labor

☆ OpenAI hired the lawyer who helped force Elon Musk to buy Twitter
▼ + stars: | 2024-03-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

The firm battling Musk previously helped Twitter in a legal conflict with the billionaire. The billionaire is set to face off again with a lawyer who helped Twitter sue Musk after he attempted to back out of the $44 billion purchase. One of the lawyers from the Wachtell firm, William Savitt, helped lead Twitter's case against Musk. AdvertisementMusk helped found OpenAI in 2015 and has said he invested tens of millions of dollars into the AI venture. Representatives for Musk and OpenAI did not immediately respond to a request for comment.

Persons: OpenAI, Elon Musk's, Musk, —, Elon Musk, Lipton, Katz, Foerster, Sam Altman, William Savitt, Morrison, Ragesh Tangri —, Morgan Chu, Alan Heinrich, Chu, Tesla, Altman Organizations: Twitter, Service, Reuters, Wachtell, Rosen, Morrison, — Jordan Eth, Ragesh, Bloomberg, Microsoft, Musk Locations: — Jordan

☆ The dominance of the US economy and the stock market in 4 charts
▼ + stars: | 2024-03-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The US economy has grown dramatically and powered its stock market in recent decades. "The longer-term rise in the relative size of the US equity market has reflected the dominance of the US economy," strategists wrote. Similarly, the prolonged increase in the US markets' relative total size reflects the dominance of the US economy, according to Goldman Sachs. Goldman SachsThe growth factorThe strength of the American stock market can be traced largely to its high volume of growth names. AdvertisementThe US stock market has more exposure to fast-growing companies than other countries.

Persons: Goldman Sachs, —, it's, Peter Oppenheimer, Goldman Organizations: Service, Federal Reserve, Exxon, Mobil, Ford, General Electric, IBM, Novo Nordisk Locations: Switzerland, Denmark, Novo, Danish

☆ The housing market may finally be thawing as mortgage rates and housing inventory improve
▼ + stars: | 2024-03-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Mortgage rates eased for the first time in five weeks, Freddie Mac said Thursday. Easing affordability and improving inventory suggests a gradual thawing of the market. "It's important to remember that rates can vary widely between mortgage lenders so shopping around is essential." However, Capital Economics strategists wrote earlier in the week that easing mortgage rates won't be enough to spark a meaningful, lasting rebound in home demand. Advertisement"Even if mortgage rates fall to 6% as we expect, mortgage rate 'lock in' will continue to curb home moves," Capital Economics strategists wrote in a note.

Persons: Freddie Mac, —, — that's, Freddie Mac's, Sam Khater, Jerome Powell, Realtor.com, that's Organizations: Service, Capital

☆ America's CEOs are suddenly feeling a lot better about the economy
▼ + stars: | 2024-03-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Optimism about the economy spiked among US CEOs to start the yearBusiness Roundtable's quarterly CEO sentiment report jumped by 11 points in the first quarter. The report also showed CEOs expect hiring, capital investment, and sales to all increase in the coming six months. The University of Michigan consumer sentiment report showed Americans' mood improving to start the year, climbing to its highest mark since July 2021. AdvertisementA special question in the latest survey from the business group in this quarter's survey showed that CEOs are feeling downbeat about government policy and regulation. We urge policymakers to recommit themselves to promoting economic growth, creating more American jobs and increasing economic mobility," Business Roundtable CEO Joshua Bolten said.

Persons: —, Chuck Robbins, Joshua Bolten Organizations: Service, Business, Cisco, IMF, University of Michigan Locations: U.S

☆ With Super Tuesday over, China and Xi may be praying for Trump to beat Biden
▼ + stars: | 2024-03-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

With Super Tuesday setting the US up for a Biden-Trump rematch, it looks like China has no good choices. But a rising perspective among experts on China posits that Beijing has good reason to hope Trump retakes the White House. Both President Joe Biden and Trump are expected to continue their aggression toward China, with Biden locking away US tech exports and Trump more recently threatening a 60% tariff on Chinese goods. Whichever way Beijing is betting, it's hard to say which man its preferred pick would be. AdvertisementWith close-to-clean sweeps across the board on Super Tuesday, both Biden and Trump are now all but confirmed to be their respective parties' nominees.

Persons: Trump, —, Xi Jinping, Donald Trump, Joe Biden, Biden, Chengxin, Pan, MAGA, skittish, Stanley Rosen, Agathe Demarais, Demarais, shelve, China that's, it's, Ian Ja Chong, they're Organizations: Biden, Trump, Service, China, Associated Press, University of Macau, University of Southern California's China Institute, geoeconomics, European Council, Foreign Relations, Foreign Policy, National University of Singapore, White Locations: China, Beijing, Shanghai, Ukraine, Russia, New York

☆ China's real estate slump is about to get worse
▼ + stars: | 2024-03-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Capital Economics said the "unavoidable structural decline" in China's property sector has only just begun. AdvertisementSeveral years in and China's prolonged real estate slump has been well-documented, but the landscape may be about to deteriorate further as construction enters a deeper correction, Capital Economics said in a note Wednesday. AdvertisementResidential real estate activity in China Capital Economics, CEICSizable infrastructure support has prevented construction from falling as much as anticipated. As Capital Economics highlights, real estate construction remains an opaque measurement in China. In Capital Economics' view, Beijing will drag it out longer so that it doesn't fully materialize until 2030.

Persons: — Organizations: Service, Economics, China Capital Economics, Capital Economics, Capital Locations: China's, Beijing, China

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