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In 2023, the US was South Korea’s second-largest export market after China, with $116 billion of goods traded. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places in the region. Shoe seller Steve Madden announced earlier this month that it will halve its Chinese production to avoid Trump’s tariffs, and it will be sourcing from Cambodia, Vietnam, Mexico and Brazil, among other countries. In 2023, the US was the number one recipient of exports from China, Vietnam, Thailand, India and Japan. In the first nine months of 2024, the United States’ largest trade deficit was with China.
Persons: Donald Trump, Steve Madden, Trump, , Philip Daniele, — CNN’s Rachel Wilson Organizations: Hong Kong CNN —, Malaysia, US Locations: Hong Kong, Mexico, Canada, China, United States, Asia, South, Southeast Asia, Cambodia, Vietnam, Brazil, Thailand, India, Japan, South Korea, Indonesia, Singapore
Seven years later, she expanded the business and opened New Station Rice Bar. Located in Fortune Centre, an old mall in central Singapore, her shop is a 10-minute drive from her parent's restaurant. Related storiesThe lessons she learned were proven rightAlmost 10 months since she opened the 500-square-foot restaurant, New Station Rice Bar has seen a steady flow of customers. But the most popular dish is salted egg chicken rice — also a bestseller at her parents' restaurant. Tan said New Station Rice Bar sees fewer customers during off-peak hours and when it rains.
Persons: Chloe Tan, Tan, Erin Liam Initially, didn't, it's, Wing, She's, It's, Erin Liam Tan Jun Hong, Cherry Tan, Iszahar Tambunan, Oon Seok Sim, she's, she'll, Erin Liam Tan Organizations: New, Rice, Rice Bar, BI, Singapore Airlines Locations: Austin , Texas, Singapore, Fortune, Hong Kong
Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the "low liquidity and trading volumes" of its shares on the exchange. Just Eat Takeaway will delist from the London Stock Exchange next month, in a blow to the U.K.'s ambitions to attract more high-growth tech firms to its stock market. After completing a review of optimal listing venues, the Anglo-Dutch food delivery firm said Wednesday that it intends to delist from London's stock exchange, making Amsterdam Just Eat Takeaway.com's sole trading venue. It has requested that the LSE and the Financial Conduct Authority, the U.K.'s markets watchdog, cancel its listing, so that it can remain primarily listed on the Amsterdam exchange. The delisting will become effective from 8 a.m London time on Dec. 27, while Dec. 24 will mark the last date of trading of Just Eat Takeaway's shares on the LSE.
Organizations: London Stock, London Stock Exchange, LSE, Financial, Authority, London Locations: Amsterdam, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVP Bank's Asia CIO explains why he's more optimistic on U.S. mid-capsThomas Rupf, Asia chief investment officer at VP Bank, discusses the outlook for the U.S. market and why mid-caps are the "sweeter spot."
Persons: Thomas Rupf Organizations: U.S, VP Bank Locations: Asia
China's industrial profits dropped by 10% in October from a year ago, in another sign that Beijing's stimulus measures have yet to reverse a slump in corporate earnings. Industrial profits are a key gauge of the financial health of factories, mines and utilities in China. In the first ten months, profits at China's industrial firms decreased by 4.3% from a year ago, the National Bureau of Statistics said in a statement Wednesday. China's consumer price index in October rose slower than expected, edging up 0.3% from a year ago, marking the slowest rise since June. Meanwhile, producer price index fell 2.9% on year, showing that deflation deepened from the 2.8% drop in the prior month.
Persons: — CNBC's Evelyn Cheng Organizations: National Bureau of Statistics, PMI Locations: Oriental, Lianyungang Port, Lianyungang, China
His first major global brouhaha since winning reelection posed the following questions that will help define the character of his second term. There’s no guarantee that Canada, Mexico and China will back down immediately. Trump’s trade war rhetoric is a reminder that in his worldview, the United States has few friends — only adversaries against whom it can choose to win or lose. The prime minister therefore has a huge incentive to avoid a trade war that could cause havoc in the Canadian economy. Initial reaction to Trump’s broadside against Canada and Mexico suggests that many observers see his outburst as a negotiating tactic.
Persons: Donald Trump, Trump, he’s, Pete, George W, Bush’s, , “ Trump, Elon Musk, Justin Trudeau, Claudia Sheinbaum, , Trudeau, Pierre Poilievre, Sen, Marco Rubio, Xi Jinping, , Gerry Connolly Organizations: CNN, Trump, Central ”, Elon, Conservative Party, Trade, North American Free Trade Locations: Canada, Mexico, China, United States, NATO, Russia, Ottawa, Canadian, Washington, Beijing, Europe, Ukraine
The hostel manager and owner, who are also Vietnamese, were previously detained for questioning by police, according to the Associated Press. The empty bar of Nana Backpackers hostel in Vang Vieng, Laos, on November 22, 2024. Travelers conduct own investigationWith little information forthcoming from Laos authorities, some travelers in Vang Vieng and friends of those who died have taken it upon themselves to investigate. We miss our daughters desperately,” Jones said, after news broke of the arrests in Vang Vieng. In recent decades, Vang Vieng had earned a notorious reputation as a hedonistic party center where travelers could easily access cheap alcohol and illicit drugs.
Persons: , Nana, Anupam Nath, Vang Vieng, Holly Bowles, Bianca Jones, Mark Jones, ” Jones, , there’s, Vang Organizations: CNN, Laotian Times, Associated Press, AP, Nine News, Lao News Agency, Melbourne, Nine, Facebook Locations: Laos, British, American, Vang Vieng, AP Laos, Australian, Vang, Australia, Melbourne, Laos …
At the fruit stand where he works on Manhattan’s Upper East Side, Shah Alam sells dozens of bananas a day at 35 cents a piece, or four for a dollar. He does a brisk business in cheap fruit outside Sotheby’s auction house; inside, art can sell for millions. But last Wednesday, Mr. Alam sold a banana that a short time later would be auctioned as part of a work of absurdist art, won by a cryptocurrency entrepreneur for $5.2 million plus more than $1 million in auction-house fees. A few days after the sale, as Mr. Alam stood in the rain on York Avenue and East 72nd Street, snapping bananas free of their bunches, he learned from a reporter what had become of the fruit: It had been duct-taped to a wall as part of a work by the Italian artist Maurizio Cattelan, and sold to Justin Sun, the Chinese founder of a cryptocurrency platform.
Persons: Shah Alam, Alam, Maurizio Cattelan, Justin Sun Locations: York, Italian
Pokrovsk, eastern Ukraine CNN —The Russian assault, caught in grainy feeds from multiple drones, is relentless and daily. Yet two vehicles make it to the treeline and drop off Russian troops to shelter in the scant winter foliage. Another scene involves a Ukrainian drone unit defending another village, mostly without infantry support, encircled by Russian troops. We constantly hear about it from intercepts, that they have replacements and rotations.”Kotia, a reconnaissance sniper from the 15th National Guard. The footage shows a local in an orange shirt, guiding advancing Russian troops to a basement where Ukrainian soldiers were hiding.
Persons: , Pokrovsk, Selydove, Donald Trump, , Kashei, Kotia, ” Kotia, Vladimir Putin Organizations: Ukraine CNN, Aging, CNN, National Guard, 15th National Guard, Pokrovsk . CNN Troops, Trump, Pokrovsk Locations: Ukraine, Ukrainian, Pokrovsk, Russia, Selydove, Russian, Russia’s Kursk, Kurakhove, gunpoint, Geneva
AdvertisementInternal AWS documents obtained by BI lay out the cloud giant's growth priorities next year. Amazon Web Services recently laid out new growth initiatives that include a focus on healthcare, business applications, generative AI, and the Middle East region, according to internal documents obtained by Business Insider. These are part of the AWS sales team's priorities for next year and Amazon refers to them internally as "AGIs," short for "AWS growth initiatives," one of the internal documents shows. That was slower than Microsoft's and Google's cloud business, on a percentage basis. Generative AI Innovation CenterLast year, AWS launched a $100 million program called Generative AI Innovation Center, which connects customers with AWS's AI scientists and experts to help launch generative AI solutions.
Persons: Greg Pearson, AWS's, Patrick Neighorn, Matt Garman Frederic J . BROWN Organizations: BI, Microsoft, Google, Amazon Web Services, Business, AWS, Synergy Research, Amazon, Services, Getty, Data Centers, Forbes, Adobe, Gulf Cooperation Council, Center, Accenture, Tata Consultancy Locations: East, AFP, Saudi Arabia, Bahrain, UAE, Israel, Kuwait, Oman, Qatar
What’s open and closed on Thanksgiving Day 2024
  + stars: | 2024-11-27 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
Editor’s Note: Get a street-side view of the biggest Thanksgiving Day parades around the country. Watch ‘Thanksgiving in America’ on CNN and CNN Max on Thursday, November 28 at 8 a.m. New York CNN —Many Americans spend Thanksgiving with their loved ones over a home-cooked meal. Postal servicesDon’t expect any packages on Thanksgiving Day. Limited UPS stores will be open.
Persons: CNN Max, Brian Cornell, Nordstrom, Kohl’s, Tom Thumb Organizations: CNN, America ’, New, New York CNN, Turkey, Walmart, Albertsons Companies – Safeway, Albertsons, ACME, Aldi, Costco, Nasdaq, New York Stock Exchange, US Postal Service, UPS, FedEx, Limited Locations: New York, Chicago, Houston, America
Apparel and footwear sales struggled despite strong performances for Sephora and other categories. Growth in revenue from beauty sales at Sephora was one of the few rays of hope. Kohl's continues to fight an uphill battle after sales tumbled following missed opportunities, a decline in footfall, and an overreliance on its partnership with Sephora. "We are not satisfied with our performance and are taking aggressive action to reverse the sales declines," he said. Earlier this week Kohl's said Kingsbury would step down on January 15 after two years in the role.
Persons: Kohl's, Tom Kingsbury, Kingsbury, Ashley Buchanan, Kinsbury, Lexie Moreland, Claudia D'Arpizio, Bain, D'Arpizio Organizations: Sephora, WWD, Penske Media, Getty Locations: Sephora, footfall
They say that every dog has its day, and for Apollo, a young stray who roams the Giza necropolis in Greater Cairo, that day was Oct. 14. “I looked down and saw something move,” said Mr. Lang, an accountant from Atlanta. “He just stood there confidently, like he was king or maybe pharaoh of the hill,” Mr. Lang said. Mr. Lang filmed a short video that quickly became an overnight sensation, amassing 28 million views on Instagram and trending on several other online platforms. “The workers at the Giza pyramid complex had already named him Apollo.”
Persons: Alex Lang, , Lang, Mr, Vicki Michelle Brown Organizations: Cairo Animal Rescue Foundation Locations: Greater Cairo, Khafre, Atlanta, Instagram, Cairo
The domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator. Disney's "Moana 2" is set to hit theaters Wednesday and generate between $120 million and $150 million in box office receipts in the U.S. and Canada through Sunday. Box office analysts believe the five-day Thanksgiving weekend, which runs from Wednesday to Sunday, should easily clear $200 million in ticket sales and could even become the second- or third-highest Thanksgiving period in cinematic history. After ruling the Thanksgiving box office for years with titles from Pixar and Disney Animation, it's failed to live up to expectations with its recent string of releases. In 2016, "Moana" opened over the Thanksgiving holiday, generating $82.1 million.
Persons: It'll, Universal's, Shawn Robbins, that's, Ralph, Paul Dergarabedian, it's, Coco Organizations: Fandango, Pixar, Disney Animation, Disney, Comcast, CNBC Locations: U.S, Canada, Comscore, NBCUniversal
News that U.S. President-elect Donald Trump's plans to hike tariffs on imports from China, Canada and Mexico sent ripples across global markets Tuesday. Asian markets traded broadly lower , but Chinese stocks held up surprisingly well. Peter Boockvar, chief investment officer at the U.S.-headquartered Bleakley Financial Group, said China is better prepared to cope with tariffs than in 2016. Referencing the impact of the tariffs imposed by the Trump administration in 2016, Boockvar said it was "negative, not a benefit" in aggregate. 'A lot of value' Beyond the U.S., Boockvar said Asian markets including China, Japan, Singapore and Vietnam were offering "a lot of value."
Persons: Donald Trump's, Peter Boockvar, It's, CNBC's, Trump, Boockvar, Russell, Stocks, EQT Organizations: Bleakley Financial, Nvidia, Microsoft, Vegas Sands Corp, Melco Resorts & Entertainment, AIA, Hong Kong Stock Exchange Locations: China, Canada, Mexico, U.S, Japan, Singapore, Vietnam, Bay Sands, Asia, Europe
AdvertisementA 28-year-old used an AI tool called AIHawk to apply for hundreds of jobs on LinkedIn. Using AI tools during the application process comes with risks. AIHawk automates the application process for LinkedIn's easy-apply jobs — which pulls info from a user's profile to fill in an application. AIHawk is one of many AI job application tools on the market. Did an AI job tool help you land a job recently?
Persons: AIHawk, Guilherme, Federico Elia, I'd Organizations: LinkedIn, Business Locations: Brazil
AdvertisementTrump's new DOGE commission, tasked with cutting spending, has floated laying off federal workers. Government employees told BI they're preparing by networking and freshening their resumes. President Bill Clinton also attempted to reduce federal spending and improve government efficiency with the National Performance Review, led by federal employees. Clinton's panel similarly succeeded in cutting 300,000 federal workers but only managed to get a quarter of proposals that required legislative action through Congress. One senior official at the Commerce Department told BI they anticipate a civil servant brain drain.
Persons: Donald Trump's, Jesus Soriano, who's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump's, Brian Hughes, Vance, Soriano, he's, Ronald Reagan, Grace, Bill Clinton, Joyce Howell, , it's, we're, lifer, Sheria Smith, I'd, Smith Organizations: of Government Efficiency, Business, of Health, Human Services, National Science Foundation, agency's American Federation of Government Employees, GOP, SpaceX, Roivant Sciences, DOGE, of Housing, Urban Development, Veterans Affairs, Homeland Security, Management, Street, Trump, America, Grace Commission, US Postal Service, Postal Service, Environmental Protection Agency, Food and Drug Administration, FDA, of Labor Statistics, Commerce Department, BI, Department of Education, Education Department, aaltcheck Locations: America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hezbollah ceasefire deal an 'achievement for American mediation,' analyst saysNimrod Goren, senior fellow for Israeli affairs at Middle East Institute, says it's also an achievement for the "global scene."
Persons: Nimrod Goren, it's Organizations: Israel, Middle East Institute
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst says Trump tariffs on China, Mexico and Canada could lead to a trade war 'spiral'Wendy Cutler, vice president and managing director at the Asia Society Policy Institute, discusses U.S. President-elect Donald Trump's plan to impose tariffs on products from Canada, Mexico and China.
Persons: Wendy Cutler, Donald Trump's Organizations: Asia Society Policy Institute Locations: China, Mexico, Canada
Faced with a bruising price war in the fast growing but crowded domestic market for electric vehicles, Chinese automobile manufacturers are pressuring suppliers to deliver hefty cost cuts. China’s BYD, the world’s largest manufacturer of electric vehicles, asked a supplier to reduce its product prices by 10 percent starting next year, according to a company email that was apparently leaked and circulated widely on the internet in China. He Zhiqi, BYD’s executive vice president, said that the competition for so-called new energy vehicles — China’s preferred phrase for fully electric and gas-electric hybrid vehicles — was entering a “decisive battle” or “knockout match,” according to the email with the subject line “BYD Passenger Vehicle Cost Reduction Requirements in 2025.”“In order to enhance the competitiveness of BYD passenger cars, we need the entire supply chain to work together and continue to reduce costs,” Mr.
Persons: China’s BYD, , Mr Locations: China
— As President-elect Donald Trump’s incoming administration solidifies its plan for mass deportations, local law enforcement agencies are preparing to ramp up a controversial program that allows them to partner with Immigration and Customs Enforcement. It authorizes ICE to delegate to state and local law enforcement officers the ability to perform certain functions of an immigration officer. According to ICE, as of May 2024, law enforcement agencies in 21 states participated in the program. Other critics have also said the 287(g) program merely serves as a political messaging tool for conservative sheriffs. Earlier this month, the Los Angeles City Council passed an ordinance that prohibits the use of city resources in immigration enforcement.
Persons: BEL, Donald, Tom Homan, , “ We’re, ” Homan, Trump’s, , Bill Clinton, Jeffrey Gahler, ’ ” Gahler, they’re, — they’re, they’ve, Rachel Morin, Victor Martinez Hernandez, he’s, Patty Morin, Samuel Page, Page, Joe Biden’s, Biden, ” Page, Todd Shulte, Jason Houser, Mike Johnston, he’d, Harris, Trump, Karoline Leavitt, Christopher Crespo Organizations: BEL AIR, Immigration, Customs Enforcement, ICE, NBC News, ICE detainers, Democrats, American Civil Liberties Union, ACLU, Los Angeles City Council, Trump, Denver, Locations: Md, , Texas, Harford County , Maryland, El Salvador, Maryland, Rockingham County , North Carolina, It’s, Mecklenburg County, America, Trump’s, Massachusetts
“Are we supposed to hold space for Trump supporters now?” co-host Joy Behar joked. Within the last week, search interest for "holding space" was beating out the newly declared word of the year "demure," according to Google Trends. “It’s campy the way it all happened and it’s authentic.”Neither Grande nor Erivo has commented on the viral interview publicly. However, Grande sent Out a laughing emoji in response to an Instagram story the magazine posted about the viral interview, Gilchrist said. In the finale of part one, fans find out whether Elphaba decides to "hold space" for her values.
Persons: Ariana Grande, Cynthia Erivo, Tracy E, Gilchrist, Erivo, Grande, nodded, Chris Murphy, Carrie Bradshaw, Bradshaw, , Joy Behar, Gilbert Flores, ” Gilchrist, Ariana, Gregory Maguire, Frank Baum's, Oz Organizations: Broadway, Fair, Merriam, Empire, New York City Gay, ABC, Trump, Google, Variety, Universal Pictures, Comcast, NBC News Locations: Instagram, Webster, New York
In today’s edition, two of our Capitol Hill experts, Sahil Kapur and Frank Thorp V, break down the key senators to watch in the confirmation battles over Donald Trump's Cabinet. Plus, national political correspondent Steve Kornacki takes a break from election data to dive into the polling around what Americans plan to serve at Thanksgiving this year. Programming note: From the Politics Desk is taking a holiday break the rest of the week. Trump’s Cabinet picks present an opening for Collins to further demonstrate her independent streak if she chooses to vote against some of Trump’s more controversial picks. The Cabinet nominees could be an opportunity for him to flex his muscle and use his vote to shape Trump’s agenda.
Persons: Sahil Kapur, Frank Thorp V, Donald Trump's, Steve Kornacki, We’ll, Frank Thorp, Donald Trump, JD Vance, Sen, Susan Collins, Trump, Trump’s, Collins, Lisa Murkowski, Matt Gaetz, Wade, Mitch McConnell, McConnell, Thom Tillis, Tillis, John Fetterman, Fetterman, , that’s, John Thune, Bill Cassidy, John Curtis, Jon Ossoff, Frank →, , ina, guration in, e, roa, uli Organizations: NBC, White House, Capitol, Trump’s, Trump’s Cabinet, Cabinet, Republican, GOP Locations: Maine, Alaska, Roe, Israel, Gaza, Utah, Sahil, Turkey
WASHINGTON — A former FBI informant whose false claims about President Joe Biden and his son Hunter Biden were at "the heart" of the Republican impeachment inquiry against the president has now been indicted on tax charges. Alexander Smirnov, the former FBI informant charged with lying to the FBI about President Joe Biden and his son Hunter, has now been indicted on 10 separate tax-related charges. The charges against Smirnov, who had been a confidential human source for the FBI since 2010, were brought by David Weiss, the special counsel on the Hunter Biden case, which resulted in convictions on gun charges in June and tax charges in September. Before Smirnov was indicted, Rep. Jim Jordan, R-Ohio, said his claims were "the heart" of Republicans' impeachment inquiry against the president. Prosecutors said Smirnov was "actively peddling new lies that could impact U.S. elections after meeting with Russian intelligence officials" in Nov. 2023.
Persons: WASHINGTON —, Joe Biden, Hunter Biden, Alexander Smirnov, Hunter, Smirnov “, Bentley, Smirnov, David Weiss, Jim Jordan, Biden, Prosecutors, District Judge Otis Wright Organizations: FBI, Domestic, Las, U.S, District Judge, Jan Locations: Vegas, Los Angeles, Las Vegas, Ohio, Russia
A Kansas City Chiefs-themed romance is the center of the new Hallmark movie “Holiday Touchdown: A Chiefs Love Story.” But don’t expect any references to tight end Travis Kelce and pop star Taylor Swift. King said the players were “all so sweet and very talented,” adding that Donna Kelce was also “a hoot” to work with. “But we’re just forever grateful that all of them agreed to be a part of our movie.”In the movie, Donna Kelce wears a No. On Friday, she will make her acting debut in a different Hallmark movie — this time with nods to her son Jason Kelce, the former Philadelphia Eagles center. For its 15th annual “Countdown to Christmas,” Hallmark said it plans to debut 47 new movies total.
Persons: Travis Kelce, Taylor Swift, Andy Reid, Donna Kelce, Kelce, , Tyler Hynes, Janel Parrish, Swift, Hynes, Derrick, ” Hynes, we’re, Alana, Hunter King, Trey Smith, Mecole Hardman, Clyde Edwards, George Karlaftis, King, Donna, ” King, Travis Kelce —, Nic’s, Jason Kelce, ” Darren Abbott, Hallmark’s, ” Hallmark Organizations: Kansas City Chiefs, Hallmark, NFL, Variety, Chiefs, , Kansas City, Philadelphia Eagles, Eagles, “ Sports Locations: Swift, Philadelphia
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