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☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

Former Trump administration officials argue that more foreign students are involved in the campus protests and accuse the Biden administration and universities of withholding such information. He contended that it would be unconstitutional for authorities to try to deport them based solely on their expressing support for Hamas at protests. About 40,000 Palestinians have died in Gaza since Hamas’ terrorist attack on Oct. 7, according to local health officials. Kena Betancur / AFP - Getty Images fileBiden’s approachBiden administration officials told NBC News that Trump’s threats don’t match the realities of the country’s overburdened immigration system. It argued that the Education Department is purposely protecting “pro-Hamas foreign extremists on American college campuses” and failing to provide records on foreign students, or pro-Hamas activities, at schools.

Persons: Donald Trump, Biden, Trump, Ben Wizner, ” Wizner, ” Reed Rubinstein, Stephen Miller, aren’t, “, ”, Rubinstein, ‘, you’re, Seth, ” Trump, Benjamin Netanyahu’s, Kena Betancur, Jon Feere, isn’t, Feere, Kenneth Marcus, George W, Bush, Marcus, Louis D, ” Marcus, Vanessa Harmoush, Nerdeen Kiswani, hasn’t, Kiswani, ” Kiswani, Stephanie Keith, Daniel Richman, Richman, Edward Ahmed Mitchell, that’s, ” Mitchell, it’s Organizations: GOP, Republican National Convention, Democratic National Convention, NBC News, Trump, Israel, Harvard, Emory, University of Pennsylvania, Hamas, American Civil, Technology, America, Justice, “, Fountain, Washington , D.C, Seth Herald, Republicans, Congress, NBC, D.C, Israeli, Brooklyn Museum, Times, U.S, Popular Front, Liberation, Palestine, Columbia University, Getty, Biden, United States, State Department, Immigration, Customs Services, ICE, Center of Immigration Studies, Education Department, Justice Department, Department’s, Civil Rights, Brandeis Center for Human, Department of Education, IDF, Israel Defense Forces, Columbia Law, Islamic, CAIR wouldn’t, CAIR, don’t Locations: Israel, U.S, Chicago, Gaza, Columbia, Columbus, Washington ,, New Jersey, Palestinian, Washington, New York City, Brooklyn, Vandals, New York, Germany, AFP, United States, Palestine

☆ China economy: Young people in China aren’t spending on romance. That’s a problem
▼ + stars: | 2024-08-13 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

“The Qixi Festival is not as robust as previous years. Couples attend a kissing contest during the traditional Qixi festival in Shenyang, northeast China's Liaoning province, on August 13, 2013. “The only part of the world where consumer confidence remains very low is China,” L’Oreal CEO Nicolas Hieronimus told analysts on an earnings call late last month. Lower-than-expected growth in the global beauty sector this year is largely a consequence of low consumer confidence in China, he added. People take photos at a bus stop decorated with flowers during Qixi Festival, or Chinese Valentine's Day, on August 22, 2023 in Chongqing, China.

Persons: China’s, Louis Vuitton, ”, forlornly, Huang Jinkun, Alfred Wu, Lee, “, Yeap Jun Rong, Xi Jinping, Peng Liyuan, Stringer, De Beers, That’s, Niulang, Nicolas Hieronimus, Joanne Wilson, didn’t, ” Mercedes, Ola Kaellenius Organizations: Hong Kong CNN, Weibo, CNN, Qixi, Lee Kuan Yew, of Public, National University of Singapore, Volkswagen, Ministry of Civil Affairs, Getty, Diamond, State Administration of Foreign Exchange, Global, WPP, China News Service, Mercedes, ” Mercedes Benz Locations: China, Hong Kong, Shenyang, Liaoning province, Beijing, China's Liaoning province, AFP, Chongqing

☆ Podcast: Japan's quest for the most powerful microchip leads semiconductor revival
▼ + stars: | 2024-08-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

At the end of [the] 1980s, Japanese companies accounted for like 51% of the global semiconductor market. So by doing this ... one thing undercut Japanese semiconductor chip makers' competitiveness in the global market. Another thing [is] that [it] forced open [the] Japanese semiconductor market to foreign players, and this creates opportunity for the U.S., South Korea and Taiwan. And Japanese companies are trying to both develop their own capacity but also attract phone companies to establish fabs there. So by collaborating with international companies, Japanese companies can leverage their existing technology and manufacturing techniques to expand their global share as well.

Persons: Tom Chitty, Fei Xue, Tom Chitty Well, Arjun, Kharpal Fei, Reagan, Arjun Kharpal, Fei, it's, TSMC, Fei Xue Yes, Rapidus, Arjun Kharpal Fei, they're, there's, ASML, you've, He'd, Tom Chitty Fei, Arjun Arjun Kharpal, Tom, Tom Chitty We'll Organizations: TSMC, Rapidus Corporation, Samsung, Economist Intelligence Unit, Economist Intelligence, The Economist, Economist, East, International Relations, U.S, U.S ., Taiwan Semiconductor Manufacturing, IBM, Apple, EV, Japan, Nvidia, Micron, Sony, Nintendo, Canon, South, Samsung Electronics, Tokyo, Screen Holdings Locations: Japan, Taiwan, U.S, Netherlands, Tokyo, beyondthevalley@cnbc.com, East Asia, Fei Xue Japan, South Korea, Japan's, Kyushu, Kumamoto Prefecture, TSMC, That's, China, Kumamoto

The FBI said Monday afternoon that it is investigating what the Trump campaign has characterized as a successful effort to hack into its campaign and steal private documents. A Trump campaign spokesperson said Saturday that it had been hacked in June. The claim from the Trump campaign adds to what had already been a deeply antagonistic relationship between Iran and the former president. The apparent hack of Trump campaign files echoes the 2016 Russian campaign against Hillary Clinton, but so far seems notably less elaborate in distributing the hacked files. There is no apparent similar distribution system for the hacked Trump files, at least so far.

Persons: Trump, Hillary, Hillary Clinton’s, Donald Trump, Chris Krebs, SentinelOne, ”, Krebs, Qassem Soleimani, Adam Schiff, ” Schiff, Schiff, Hillary Clinton, Simin Kargar Organizations: FBI, Politico, The Washington Post, The New York Times, NBC News, Microsoft, United Nations, Democratic National Committee, U.S, Republican, Infrastructure Security Agency, Biden, Iran’s, Former U.S, Rep, House Intelligence Committee, Intelligence, Democratic, Trump, WikiLeaks, Atlantic, Forensic Research Locations: Russia, China, Iran, Tehran, U.S, Romanian

☆ Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +5 min

Musk could "sacrifice some of the short-term interest in Tesla," Ward added, "if it'll satisfy the long-term interests of his ambitions." Musk and Tesla didn't respond to requests from Reuters for comment. The growing bond between Trump and Musk could be on display Monday night, when the Tesla boss is scheduled to interview the Republican candidate on X, Musk's social media platform. It's unclear exactly what ambitions Musk could seek to advance through his increasingly vocal rejection of progressive platforms – from EV subsidies to identity politics. A Reuters review of Congressional lobbying records – and Tesla's public comments to federal and state regulators – shows that the company has continued working to shape public policy in favor of such benefits.

Persons: Elon Musk, Samuel Corum, Donald Trump, Tesla, Biden, Trump, –, Elon, Mike Murphy, Andrew Ward, Ward, Musk, Gavin Newsom Organizations: Tesla Inc, Bloomberg, Getty, Tesla, Republican Party, Democratic Party, U.S . Environmental Protection Agency, Republican, Reuters, Lehigh University, Trump, Democratic, U.S . Department of Energy, U.S . Department of, Treasury Locations: Washington , DC, U.S, California, Los Angeles, EVs, Fremont , California

☆ JD Vance Repeats ‘Anti-Family’ Criticism of Democrats on Sunday Morning News Show Tour
▼ + stars: | 2024-08-11 | by ( Maggie Astor | ) www.nytimes.com time to read: +1 min

In three interviews broadcast on Sunday morning, Senator JD Vance of Ohio, the Republican vice-presidential nominee, repeated his description of Democrats as “anti-family,” defended former President Donald J. Trump’s abortion policies and suggested that Vice President Kamala Harris was racist. He added that the idea of giving children the right to vote but letting their parents have control of the votes, which he floated in 2021, had been a “thought experiment” that he hadn’t really meant. “I want us to have more families. And obviously sometimes it doesn’t work out, sometimes for medical reasons, sometimes because you don’t meet the right person. But the point is that our country has become anti-family in its public policy.”He told ABC News of the idea of giving parents more votes through their children, “If it was a policy proposal, I would have made the policy proposal in my two years in the United States Senate.”

Persons: JD Vance, Ohio, ”, Donald J, Kamala Harris, Vance —, “, ” —, “ I’m Organizations: Republican, CNN, ABC News, United States Senate

☆ 'It’s mayhem and craziness': Californians react to Gavin Newsom’s order to remove homeless encampments
▼ + stars: | 2024-08-10 | by ( Elleiana Green | Elleiana Green Is A Digital Politics Intern With Nbc News | ) www.nbcnews.com time to read: +8 min

Gavin Newsom’s recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. Now it’s time for locals to do their job.”But members of the homeless community say they have nowhere to go. “It’s absolute mayhem and craziness,” said Jeni Shurley, a member of the homeless community in Los Angeles. San Francisco has about 8,000 homeless people — the second most in the state behind Los Angeles, with about 75,000. Barger added that the city was working to maintain the trust of the homeless community while working to dismantle the camps.

Persons: Gavin Newsom’s, Newsom, “, ” Newsom, We’ve, ”, Jeni Shurley, Shurley, that’s, “ I’ve, ” Laura Valdez, Tara Gallegos, Newsom’s, Mayor London Breed, Kathryn Barger, Barger, Darrell Steinberg, Steinberg, they’re, ” Steinberg Organizations: Gov, Department of Housing, Urban Development, Democrat, Supreme, D.C, Public, Institute of California, San Francisco’s Mission, NBC News, Mayor London, Los Angeles County, Supervisors, Republican, NBC, Sacramento Locations: California, New, —, Los Angeles, Oregon , Colorado , Louisiana , Missouri, Washington, San Francisco’s, San Francisco, Los, Sacramento

☆ I went viral for dancing at a Kamala Harris rally. It's given me a platform to inform people about issues I'm passionate about, like Social Security.
▼ + stars: | 2024-08-10 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

And when I went viral, I said, "Okay, I need to do the most with this. There's something called survivor Social Security, and when you lose a parent, you're able to receive that benefit. Advertisement'We are stronger when we help each other'After I went viral, my congressman, Rep. Hank Johnson, came to my town. It's been great to talk about these issues and the work I've been doing for years and to have a larger platform. And that's when those social safety net programs, like Social Security, that neighborliness of our country, that joy, that communal care, comes in because we should help each other.

Persons: —, Parker, Atlanta —, Kendrick Lamar, Kamala Harris, Royce —, I've, John Lewis, Parker Short, Jon Ossoff, Jimmy Carter —, Trump, Sen, Hank Johnson, It's, she's, I'm Organizations: Service, Sanford School of Public, Duke University, Young Democrats, Democratic Party of Georgia, Young Democrats of America, Business, Civil Rights Movement, Social Security, University of Michigan's Ford School of Public, Medicaid, Medicare Locations: Georgia, Dunwoody , Georgia, Atlanta, America

LAS VEGAS — DEF CON, the world’s largest hacker conference, is trying to put its legions of experts to work by creating a volunteer army to help protect America’s vulnerable water systems and schools. It also aims to help the broader public access the cybersecurity research the hackers produce during the conference each year. “So how do we best help them help other people?”The project has two main elements. The second is connecting hackers with places that are in desperate need of cybersecurity help, starting with water and wastewater facilities and schools. DEF CON has partnered with the largest water facility trade group, the National Rural Water Association (NRWA), to help match facilities with hackers.

Persons: “, ”, Jeff Moss, Def Con Franklin —, Benjamin Franklin’s, Moss, he’s “, it’ll, it’s, we’ve, Jake Braun, ” Braun, Matt Holmes, Con, It’ll Organizations: VEGAS, U.S, Environmental Protection Agency, University of Chicago’s Harris School of Public Policy, Def Con, Rural Water Association, Aerospace, Capitol Locations: Las Vegas, U.S, ”, China, America

☆ A woman gave 2 weeks' notice but was fired on the spot. Employment lawyers say it's not ethical, but it is legal.
▼ + stars: | 2024-08-09 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewA woman who said she would be handing in her two weeks' notice at work was shocked when her company terminated her employment immediately without pay. She said she would give her two weeks' notice when she was ready. Afraid You Might Be," told BI that this is when the phrase "at will" matters. Jessica B. Summers, principal employment and labor attorney at Lerch, Early, & Brewer, told BI nobody was technically in the wrong in this case. "So when an employee says they are leaving, absent a contract, the employee does have the legal right to end the relationship before the last day proposed by the employee," Summers said.

Persons: —, Kelsi, Tom Spiggle, Spiggle, Jessica B, Summers, Brewer, Andrew Zelman, doesn't, Jonathan Hinton Westover, Janice Killion, Killion Organizations: Service, Business, BI, Washington DC, Fort, Utah Valley University Locations: Washington, Lerch, Montana, Berger, Fort Lauderdale

☆ Tim Walz was the most 'do no harm' candidate, says Libby Cantrill on Harris' VP selection
▼ + stars: | 2024-08-06 | 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 EmailTim Walz was the most 'do no harm' candidate, says Libby Cantrill on Harris' VP selectionDon Peebles, CEO and chairman of the Peebles Corporation, and Libby Cantrill, PIMCO’s head of public policy, join 'The Exchange' to discuss Vice President's potential vice president pick for the upcoming presidential election.

Persons: Tim Walz, Libby Cantrill, Harris, Don Peebles Organizations: Peebles Corporation

The first round of Medicare drug price negotiations has come to an end – but we still don't know the final prices that the U.S. government and pharmaceutical companies have agreed on. They all maintain that Medicare drug price negotiations are a long-term threat to the pharmaceutical industry's drug innovation and profits, but the immediate dust has somewhat settled. That's based on executive commentary during the recent quarterly earnings calls of Bristol Myers Squibb and Johnson & Johnson , among other companies. Novartis CEO Vasant Narasimhan said on July 18 that the short-term impact from Medicare drug price negotiations "might be manageable on our first set of drugs." Executives at each of the drugmakers similarly emphasized their opposition to Medicare drug price negotiations on their respective earnings calls.

Persons: Joe Biden, Johnson, Joe Biden's, Christopher Boerner, Bristol Myers, Robert Michael, We've, Michael, Jennifer Taubert, Vasant Narasimhan, Narasimhan, Bristol Myers Squibb's Boerner, Boehringer Ingelheim, Annika Organizations: National Institutes of Health, Medicare, Bristol Myers Squibb, Johnson, Pfizer, J, Novartis, Merck, Novo Nordisk, AstraZeneca Locations: Bethesda , Maryland, U.S, annikakim.constantino@nbcuni.com

☆ As Regulators Close In, Nvidia Scrambles for a Response
▼ + stars: | 2024-08-06 | by ( Tripp Mickle | David Mccabe | ) www.nytimes.com time to read: +1 min

Nvidia rocketed to the top of the tech industry by providing the computer chips essential to building artificial intelligence. By the end of last year, it had more than a 90 percent share of those chips sold around the world. Nvidia wasn’t ready for the attention, and is now racing to build the staffs and offices needed to respond. Just last year, Nvidia started searching for an office in Washington and hired four public policy employees. And it has begun developing a strategy to respond to government interest.

Persons: Nvidia rocketed, Nvidia wasn’t Organizations: Nvidia, European Union Locations: Britain, China, Washington

☆ Why workers who lose their jobs to AI will be better off than the Midwest manufacturing employees of two decades ago
▼ + stars: | 2024-08-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Similar to US manufacturing workers who lost their jobs in recent decades to advancements like automation, those displaced by AI could find themselves without the skills needed for the modern workforce. It comes down to when — and where — AI job losses are likely to materialize. Davis said there are several reasons workers who are displaced by AI should have an easier time finding work than many manufacturing workers of the past. Impacted workers in cities would be more likely to have job opportunities than workers where manufacturing jobs were concentrated, which often were in the Midwest. Widespread AI job displacement won't happen for at least a decadeWhile Davis is uncertain about the timing and scale of AI job displacement, he said he doesn't expect AI to drive major job losses over the next decade.

Persons: —, Goldman Sachs, It's, Steven Davis, Hoover Institute —, Davis, it's, — Davis, they've, they're, Joe Biden, there's, Jim Covello, that's Organizations: Service, Business, Hoover Institute, Stanford University —, Bureau of Labor Statistics —

☆ How Harris may win back a critical group of voters who abandoned Biden
▼ + stars: | 2024-07-30 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

With Harris at the top of the ticket, Democrats now see a chance to refocus voters on the issue and restore their margins among the abortion rights voters who had notably drifted away from Biden. In both the 2020 and 2022 campaigns, voters who backed legal abortion provided overwhelming support to Biden and other Democratic candidates. Across all of those battleground states, Biden this year was performing well below that level with voters who support legal abortion, polls have found. Those abortion rights voters also split about evenly on whether Biden or Trump was better for the economy. “Many of them aren’t single issue abortion voters; they are worried about the economy and inflation, they are worried about immigration,” McLaughlin said.

Persons: Kamala Harris, Joe Biden, wasn’t, Donald Trump’s, Harris, Biden, ”, Democratic pollster Anna Greenberg, “ It’s, Dobbs, Charles Franklin, Tony Evers, Katie Hobbs, Josh Shapiro, Gretchen Whitmer, Whitmer, Shapiro, Franklin, Trump, Roe, Wade, “, Lake, Melissa Williams, ” Harris, Tresa Undem, ‘ what’s, –, Greenberg, ” Greenberg, —, John Della Volpe, Della Volpe, energize, Jason Cabel Roe, ” Trump, He’s, “ Donald Trump, Jim McLaughlin, McLaughlin, ” McLaughlin, Williams, JD Vance, ” Williams Organizations: CNN, Democratic, Edison Research, Democratic House, Democrats, Marquette Law School, SSRS, Quinnipiac University, Yahoo, Quinnipiac, Trump, Times, YouGov, Biden, Catholic, ” Voters, GOP, Harvard Kennedy School Institute of Politics, Republican Party, “, Republicans, White House Locations: The Marquette, Pennsylvania , Wisconsin, Arizona, Georgia, Wisconsin, Pennsylvania, Michigan, London, Harris, Iowa, America, Trump

☆ The tech industry wants to create an AI utopia. Its leaders think Universal Basic Income is the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. Recently, the OpenAI CEO also floated the idea of what he calls "universal basic compute." AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

Persons: —, UBI, Jack Dorsey, Mark Zuckerberg, Elon Musk, Matthew Johnson, Geoffrey Hinton, Sam Altman, Jason Redmond, Johnson, they're, Scott Santens, Santens, computerization, there's, It's, Altman, Axel Springer, LLMs Altman, Anna Yelizarova Organizations: Service, Tesla, Business, Northumbria University, BBC Newsnight, Getty, Politico, Life Institute Locations: Paris, AFP

☆ AI risks destroying jobs. Tech leaders think they have the answer.
▼ + stars: | 2024-07-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +7 min

Read previewThe tech industry has grand plans for an AI utopia — and as models become ever more advanced, some tech leaders are calling for a form of universal basic income. But as AI companies race toward artificial general intelligence, the conversion is getting more urgent. Making AI work for everyoneMany of the people developing AI think a basic income system could help mitigate the tech's negative impact on workers. AdvertisementFor prominent tech figures, there's also a PR dimension to supporting the basic income concept, he said. AdvertisementAnna Yelizarova, a project lead at the Future of Life Institute, said tech companies have discussed sharing access to the AI models themselves.

☆ Asia's governments seem to think declining birth rates have to do just with dating and sex. That's not the full story.
▼ + stars: | 2024-07-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +9 min

AdvertisementDeclining birth rates have been a huge bugbear for Asian countries like Japan and South Korea. Vanessa LeeLee, who owns two dogs and a cat, said that governments may be overestimating the effectiveness of one-off interventions in bolstering birth rates. AdvertisementShe added that a shift in societal mindsets toward work and family needs to occur for her peers to consider having children. But it also doesn't guarantee that having sex brings children and that not having sex is the only reason why people are not having children," Gietel-Basten said. Low birth rates, according to HKUST's Gietel-Basten, are a "barometer of the challenges in society" and should thus be seen as "symptoms of problems in a society."

Persons: —, Vanessa Lee, Lee, Elon Musk, Paulin Straughan, Poh Lin Tan, Tan, Jonas Hue, Vanessa Lee Lee, It's, Emily Huang, Stuart Gietel, Basten, SMU's Straughan, Straughan, HKUST's, we're Organizations: Service, Business, Internal, Ministry, Asahi Shimbun, South, Singapore Management University, Singapore's Institute of Policy, Nordic, Hong Kong University of Science, Technology Locations: Singapore, Japan, South Korea, Korea, Tokyo, Seoul, Sweden, Finland, Hong Kong, Basten

☆ Temu and Shein's soaring popularity has Wall Street eyeing China's influence on tech earnings
▼ + stars: | 2024-07-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +9 min

The topic of Temu and Shein's growth will hover over tech earnings this week, as Amazon reports second-quarter results alongside Meta, eBay and Etsy. watch nowIn Amazon's report on Thursday, the company is expected to show revenue growth of about 11% to $148.6 billion, according to LSEG. That's where Temu and Shein come into play, as merchants now have new ways to get products to American consumers. Amazon has continued to highlight its delivery prowess and its focus on speed in the face of growing competition from Temu and Shein. However, while it's long touted itself as the "lowest-priced U.S. retailer," Amazon has shown that it's well aware of Temu and Shein's increasing popularity.

Persons: Stefani Reynolds, David Zapolsky, Zapolsky, it's, Shein, Andy Jassy, Jassy, It's, Angus Mordant, Temu, Meta, Susan Li, Jamie Iannone, Etsy, Amazon, Amazon's Zapolsky Organizations: Apple, CNBC, Afp, Getty, eBay, Meta, Etsy, Tech, YouTube, Microsoft, Intel, Qualcomm, Google, PDD Holdings, Amazon, European Union, Bloomberg, Barclays, Finance, EBay, Bank of America, Walmart Locations: U.S, China, Temu, New York, Asia, Pacific, San Francisco, Singapore

☆ ‘I don’t have a budget’: Why people are going into debt to travel
▼ + stars: | 2024-07-29 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

The majority of those going into debt do so by charging travel expenses on a credit card, with 20% of respondents saying they would rather skip a credit card payment and put the money toward a vacation. The mindset is “‘I can’t buy a house, I’m not sure I can afford college or grad school, so I might as well go to Spain and backpack. ”They think (credit card debt) is not as risky as it is. They don’t care so much about not getting into debt.”King adds that social media has changed the way many people think about travel. “Eventually, if I’m going to get a house, I’ll get a house.

Persons: CNN — “, ”, Lisa Fraser, “, Elizabeth Currid, Halkett, Tim Gurner, something’s, I’m, ’ ” Alex King, they’re, Fraser, FOMO, King, It’s, I’ll Organizations: CNN, University of Southern, United Locations: Taipei, Budapest, New York, University of Southern California, Spain, Hong Kong

☆ Kamala Harris' campaign strategy includes calling Trump's camp 'weird.' It could work, campaign experts say.
▼ + stars: | 2024-07-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

one memo from the Harris campaign read. The Harris campaign has already sent out fundraising emails with the subject line, "What happened to: 'Any time, any place?'" Campaign experts who spoke with BI said that the attacks so far appear to be working but also recognized that voters are still seeing the early formations of Harris' campaign. AdvertisementBloomberg reported that Harris' campaign has narrowed her list to three names, citing sources familiar with the matter, to Arizona Sen. Mark Kelly, Pennsylvania Gov. A Harris campaign spokesperson did not immediately return a request for comment from Business Insider.

Persons: —, Joe Biden, Kamala Harris, haven't, Evan Siegfried, Harris, Biden, Seigfried, Trump, Blunt, JD Vance, Trump's, rebutting Vance, Christian Grose, Grose, Siegfried, goading Trump, Costas Panagopoulos, Panagopoulos, Tim Hogan, Arizona Sen, Mark Kelly, Josh Shapiro, Tim Walz Organizations: Service, Democratic, Biden, Business, Republican, Trump, University of Southern, GOP, Northeastern University, Politico, BI, Bloomberg, Minnesota Gov Locations: Ohio, University of Southern California, Arizona, Pennsylvania

☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.

Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia

☆ A $1 million starter home is now the norm in more than 200 US cities
▼ + stars: | 2024-07-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

A Thursday report from Zillow indicates that a typical starter home is now worth $1 million or more in 237 cities, up from 84 cities in 2019, underscoring America’s ongoing home affordability crisis. “We see the largest number of million-dollar starter homes in expensive coastal markets. To further complicate things for first-time buyers, the value of starter homes has grown at a faster pace than the average home. According to Zillow, starter home values have grown 54.1% over the past five years, while the average US home has increased by 49.1%. The nationwide average price tag for a starter home is $196,611, according to Zillow.

Persons: underscoring, ” Orphe, “, It’s, homebuyer, Zillow, Jeffrey Jenkins, Divounguy, “ That’s, ”, Lawrence Yun Organizations: CNN, Gallup, National Association of Realtors, University of Southern Locations: Zillow, California , New York, New Jersey, University of Southern California, United States

☆ Kamala Harris wants to be America’s first Silicon Valley president. She has tech’s support
▼ + stars: | 2024-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —With Vice President Kamala Harris the front runner to receive the Democratic Party’s nomination for president, America’s most powerful industry is set to have a candidate on the ballot from its home turf. Harris’ failed 2020 presidential bid received support from various tech luminaries, including Salesforce CEO Marc Benioff and legendary venture capitalist Ron Conway. Despite her friendly relationships with the industry’s leaders, Harris has also pushed for tech accountability in key areas. As vice president, Harris has taken a key role in the White House around establishing safety measures for artificial intelligence, which is widely viewed as the most consequential new technology in decades. In an interview with CNN, Hoffman added: “In Silicon Valley, actually there’s many threads that are very excited about her.

Persons: Kamala Harris, Harris, Sheryl Sandberg, Reed Hastings, Melinda French Gates, Donald Trump’s, Elon Musk, “ There’s, Biden, ” Aaron Levie, “, ” Harris, Sean Parker, she’s, Steve Jobs ’, Laurene Powell Jobs, Harris ’, Marc Benioff, Ron Conway, Mark Zuckerberg, ” Jeffrey Sonnenfeld, Trump Harris, Trump, ” Sonnenfeld, I’ve, didn’t, ” Levie, “ Kamala Harris, Reid Hoffman, Hoffman, …, – CNN’s Matt Egan Organizations: New, New York CNN —, Democratic, Bay Area, Netflix, White, CNN, Cambridge, OpenAI, Google, Microsoft, Yale School of Management, Trump Locations: New York, Oakland , California, California, White, Silicon Valley, Silicon

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