DIRS.INFO The most relevant business & tech news

☆ Tokyo says it 'lodged a protest' after North Korea fired missiles toward Sea of Japan
▼ + stars: | 2024-09-12 | by ( Zenith Wong | In Zenithwong | ) www.cnbc.com time to read: +2 min

North Korea fired multiple short range ballistic missiles into waters east of the Korean peninsula on September 12, Seoul's military reported, days after the nuclear-armed North marked a state anniversary. After North Korea fired several ballistic missiles toward the Sea of Japan, Japanese Prime Minister Fumio Kishida said Thursday that he "strongly condemns" the move, adding that Tokyo has already "lodged a protest" with the Hermit Kingdom. Needless to say, the launch of ballistic missiles by North Korea is a violation of the UN Security Council resolutions," Kishida said. North Korea fired several short-range ballistic missiles off its east coast towards the Sea of Japan Thursday morning local time, according to the South Korean Joint Chiefs of Staff. In a statement, the U.S. Indo-Pacific Command also condemned the launch, calling on North Korea to "refrain from further unlawful and destabilizing acts."

Persons: Fumio Kishida, Kishida, Kim Jong Un Organizations: Korean, North, UN, South Korean Joint Chiefs, Staff, Korean Central News Agency, Pacific Command, ROK, Command Locations: Seoul, North Korea, Japan, Japanese, Tokyo, Hermit, U.S, South Korea, Korea, Pyongyang, East Sea

☆ Gold inches higher as investors eye U.S. data for rate cues
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged higher on Thursday, with traders focusing on the upcoming U.S. economic data that may offer further insights into an expected reduction in the Federal Reserve's interest rate next week. Gold prices edged higher on Thursday, with traders focusing on the upcoming U.S. economic data that may offer further insights into an expected reduction in the Federal Reserve's interest rate next week. Data on Wednesday showed that U.S. consumer prices rose marginally in August, but underlying inflation showed some stickiness, which could discourage the Federal Reserve from delivering a half-point interest rate cut next week. CPI data showed no major inflation spikes, which is supporting gold prices to hold above $2,500 and suggesting no immediate changes to Fed policy, Wong added. Palladium climbed 1.3% to $1,021.84, its highest since July 8, following comments on export regulations from Russian President Vladimir Putin.

Persons: Kelvin Wong, OANDA's, Price, Wong, Vladimir Putin, Putin Organizations: Asia Pacific, Traders, U.S, PPI, Reserve, West Locations: U.S, Moscow

Following Donald Trump’s lead, Johnson has tied a six-month funding bill to the SAVE Act, which would overhaul voting laws to require people to show proof of citizenship when registering to vote. Senate Majority Leader Chuck Schumer, D-N.Y., Democrats and some Republicans are pushing for a “clean” funding bill that would keep the government open until December, after the election. The government will shut down at 12:01 a.m. on Oct. 1 unless Republicans and Democrats strike a deal to extend funding. Because of their miniscule majority, House Republicans can only afford four GOP defections if all lawmakers vote. “I’m a firm NO on bankrupting the nation and a YES on election integrity,” Mills said.

Persons: Mike Johnson’s, Donald Trump’s, Johnson, Chuck Schumer, Joe Wilson, Cory Mills, Jim Banks, Matt Rosendale, Andy Biggs of, Tim Burchett, “ I’ve, ” Burchett, ” Mills, Trump, don’t Organizations: WASHINGTON, SAVE, Democrats, Republicans, GOP, CRs, Armed Services, Foreign Affairs Locations: Cory Mills of Florida, Jim Banks of Indiana, Matt Rosendale of Montana, Andy Biggs of Arizona, Tennessee, ”, China

☆ Pope Francis arrives in Singapore, last stop on 12-day Asia tour
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

SINGAPORE — Pope Francis arrived in Singapore on Wednesday from East Timor, on the final leg of an ambitious 12-day journey across Southeast Asia and Oceania. The pope will also hold private meetings with President Tharman Shanmugaratnam, Prime Minister Lawrence Wong, and former Prime Minister Lee Hsien Loong. Francis is only the second pope to visit Singapore, following a brief five-hour layover by the late John Paul II in 1986. On landing in Singapore, Francis was met by Edwin Tong, the Minister for Culture, Community and Youth, and received flowers from local schoolchildren. Francis’ 12-day tour has also included stops in Indonesia and Papua New Guinea.

Persons: Pope Francis, Tharman Shanmugaratnam, Lawrence Wong, Lee Hsien Loong, Francis, John Paul II, Edwin Tong, Francis ’ Organizations: Aero Dili, Culture ,, Youth Locations: SINGAPORE, Singapore, East Timor, Southeast Asia, Oceania, Dili, East Timor’s, Rome, Indonesia, Papua New Guinea

Longtime Rep. Joe Wilson, R-S.C., was taken at the hospital Tuesday night and is receiving treatment after collapsing at an event in Washington, according to a congressional aide with knowledge of the situation. Later Tuesday night, Wilson's office confirmed the news in a post on X. "Congressman Joe Wilson (R-SC) was taken ill and is being evaluated at a local hospital in Washington, DC," his office said. Wilson, 77, was present for two vote series in the House on Tuesday afternoon and was joking with reporters just off the floor. Wilson has represented South Carolina in the House of Representatives since 2001.

Persons: Joe Wilson, Wilson, Jens Stoltenberg Organizations: Foreign Affairs Committee, NATO Locations: Washington, Washington ,, Philippines, Australia, Europe, South Carolina

WASHINGTON — Despite mounting opposition from his own party, Speaker Mike Johnson, R-La., vowed Tuesday to stay the course and put his government funding package on the House floor on Wednesday. His initial strategy to avert a government shutdown at the end of the month is expected to fail and deal House Republicans an embarrassing blow. Due to their paper-thin majority, Republicans can afford only a handful of GOP defections on the vote, and many more than that have publicly voiced their opposition. “I am in this to win this,” Johnson told reporters at his weekly news conference. Afterward, the speaker added: “We are going to put the SAVE Act and the CR together, and we’re going to move that through the process.

Persons: Mike Johnson, Donald Trump, Johnson, “, ” Johnson, ”, Jim Banks, Cory Mills, Matt Rosendale, Montana —, Mills, Dan Meuser, ” Meuser, “ Shutdowns, Sen, Thom Tillis, Bill Cassidy, “ I’m, ” Cassidy Organizations: SAVE, Democratic, White, GOP, Republicans Locations: WASHINGTON, Jim Banks of Indiana, Florida, Montana, Mexico

WASHINGTON — House Speaker Mike Johnson’s strategy to tie a short-term government funding bill to a Donald Trump-backed proposal to overhaul voting laws was on life support Monday after a band of conservative rebels vowed to vote no on the package. Without a stopgap funding bill, money will run out and the federal government will shut down at the end of the month. Because of the GOP’s razor-thin majority, Johnson, R-La., can afford only four Republican defections if all members vote. Mills slammed Johnson's strategy as a “farce” and said it would do nothing to secure the southern border. Instead, they are pushing for a "clean CR" — short-term funding with nothing attached to it.

Persons: Mike Johnson’s, Donald Trump, Johnson, — Cory Mills, Matt Rosendale, Tim Burchett, Jim Banks, Thomas Massie, Trump, Mills, ”, ” Mills, Rosendale, “, Chuck Schumer, Joe Biden, ” Schumer, Jamie Raskin, ” Raskin, … Donald Trump Organizations: WASHINGTON, Republicans, White, Capitol, Senate, GOP, House, Republican, “, ” Locations: Florida, Montana, Tennessee, Indiana, Kentucky

☆ Visiting China in 2024: A guide to visas, mobile payments and more
▼ + stars: | 2024-09-10 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

We’ve put together a guide to some of the most frequently asked questions regarding China travel. China travel FAQsDo you need a visa to go to China? However, travelers visiting under these visa-free transit programs have more restrictions in terms of places they can visit. Exploring the country via China’s vast high-speed railway network is not an option for those entering under the two transit visa schemes. Beijing, China's capital city, accepts international travelers visiting under the 144-hour visa-free transit program.

Persons: it’s, ”, Denny Tian, Gabriela Correia, Correia, Tian, Greg Baker, Correira, ” Gabriela Correia, David Tucker, We’ve, John Seaton Callahan, China ’, Kevin Frayer, –, ” Correira, you’ve, Didi, Uber, Yan Cong, China’s Organizations: CNN, Immigration Administration, China, Google, Getty, “, Service, Shanghai Hongqiao, Hong Kong, Hong, Hong Kong Immigration, Travelers, Facebook, ”, Publishing, United, US, Baidu, Apple, China Railway, Bloomberg Locations: China, Beijing, Portugal, Shanghai, AFP, “, Hunan, Singapore, Thailand, Austria, Australia, Belgium, France, Germany, Hungary, Ireland, Italy, Luxembourg, Malaysia, Netherlands, New Zealand, Poland, Spain, Switzerland, New York, Japan, South Korea, United Kingdom, United States, Hong Kong, Macau, Jiangsu, Zhejiang, Asia, Tibet, Tibet Autonomous Region, Hainan, China's, Hawaii, ”, Canada

☆ Singaporean man ordered to repay tens of millions in debt to Australian casino
▼ + stars: | 2024-09-10 | by ( Lex Harvey | ) edition.cnn.com time to read: +2 min

CNN —A Singaporean man has been ordered to repay more than 38 million Australian dollars ($25.7 million) after he lost big during a gambling spree at an Australian casino over the span of a few days. Queensland’s Supreme Court ruled Monday that Yew Choy Wong owed that amount to the Star Gold Coast, as well as the casino’s legal fees and interest. He had racked up losses of 47.3 million Australian dollars ($31.5 million) there between July 26 and August 2, 2018. Star Entertainment, which owns the Gold Coast casino, declined to comment on the case. The casino also paid Wong hundreds of thousands of dollars in goodwill payments following his complaints, the ruling said.

Persons: CNN —, Yew Choy Wong, Wong, Paul Arbuckle, Arbuckle, ” Wong, Melanie Hindman, “, Dr Wong, ” Organizations: CNN, Queensland’s, Star, Star Sydney, Star Entertainment, Gold Coast Locations: Star Gold, Singapore, Queensland

A shutdown would close federal agencies and national parks, while limiting public services and furloughing millions of workers just weeks before the election. House Republicans have now settled on some lines of attack, which they'll highlight in politically charged GOP hearings and investigations into both Harris and her running mate, Minnesota Gov. House GOP probesAfter spending much of the 118th Congress focused on investigating Biden, House Republicans are now shifting their focus to Democrats’ new presidential ticket. Republicans are also focusing on the botched U.S. withdrawal from Afghanistan in 2021, which the Trump campaign has criticized Harris over. The Trump campaign responded by calling the story "fake news."

Persons: Donald Trump, Joe Biden, Kamala Harris, Harris, Tim Walz, Mike Johnson, it’s, Johnson, Republicans ’, Chuck Schumer, Patty Murray, Biden, Walz, Trump, McCaul, Antony Blinken, ” There’s, The, Jamie Raskin, Robert Garcia, Abdel Fattah El, —, Schumer Organizations: WASHINGTON, Capitol, Republicans, Harris . House Republicans, Minnesota Gov, Republican, SAVE, GOP, noncitizens, Democratic, House Republicans, Education Department, Chinese Communist Party, The Biden, Energy, Biden, Harris Energy, Veterans Affairs Committee, Harris Administration, Democrats, Trump, Washington Post, Justice Department, NBC News Locations: Afghanistan, Trump, Minnesota, China, Egypt

☆ Madrid bans rental e-scooters, saying operators didn’t meet requirements
▼ + stars: | 2024-09-09 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Authorities in Madrid have announced that they will revoke the operating licenses of e-scooter rental companies Lime, Dott and Tier – a move that will see rented e-scooters banished from the streets of the Spanish capital. Lime, Dott and Tier were the companies selected to offer e-scooter rental in Madrid, with permits granted for 2,000 scooters each. The council’s decision means “rental scooters will disappear from the city from October,” it said. A spokesman for Dott told CNN on Monday that the company had received an official notification from Madrid city hall on Thursday. Madrid is not the first city to take action against e-scooter rentals, which have become increasingly divisive.

Persons: José Luis Martínez, Almeida, ”, Dott, “, Lime, Mayor Martínez, Nicholas Reece, CNN’s Maggie Hiufu Wong, Pierre Bairin, Joseph Ataman Organizations: CNN, City, Council, Mayor, Melbourne Locations: Madrid, Australian, Melbourne, Paris

☆ Why playing it safe on immigration and crime could be a big risk for Harris
▼ + stars: | 2024-09-09 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +19 min

Since Harris replaced President Joe Biden as the Democratic nominee, Trump has constantly attempted to portray her as weak on immigration and crime. On Friday, Harris also chose not to mention mass deportation during a radio interview with Univision, when the host asked her to summarize her argument to undecided Hispanic voters. “There is a way in which those [crime and immigration] issues in particular are also about bigger things,” said Adrianne Shropshire, executive director of BlackPAC, a group working to mobilize Black voters for Harris and Democrats. And many of those voters might recoil from these Trump policies on crime and immigration if they heard more about them. “What he is hoping is that the Black voters who he is [courting] don’t see that stuff,” Shropshire said.

Persons: Kamala Harris, Donald Trump, Trump, Harris, Joe Biden, Gary Segura, UnidosUS, Segura, Ohio Sen, JD Vance, Stephen Miller, Miller, Michael Ettlinger, Goldman Sachs, Jeffrey Passel, Passel, Rudolph Giuliani, Michael Bloomberg, Black, Ed Chung, Vera Action, Tim Walz, Trump’s, she’s, surrogates, ”, Adrianne, “, ” Segura, ” Tom Wong, Wong, ” Wong, Daniela Gilbert, That’s, Biden, Gilbert, ” Gilbert, ” Anthony Baber, Baber, “ Trump, ” Baber, ” Harris, She’s, Chung, –, Dana Bash, , Daniel Cox, BlackPAC Organizations: CNN, Democratic, Unidos, ”, White, Trump, of Police, National Guard, University of New, Carsey, of Public, Boston Globe, Pew Research Center, New York Police Department, Minnesota Gov, Univision, Black, GOP, US Immigration, Center, University of California, America’s, Marquette Law School, Religion Research Institute, Detroit, Whites, Survey Center, American Enterprise Institute Locations: California, Wisconsin, Texas, New York City, Phoenix, Las Vegas, Philadelphia, Atlanta, Savannah, Adrianne Shropshire, San Diego, United States, CNN’s, Michigan, Pennsylvania, Shropshire, ” Shropshire

☆ James Earl Jones, iconic voice of Darth Vader in ‘Star Wars’ and Mufasa in ‘The Lion King,’ dead at 93
▼ + stars: | 2024-09-09 | by ( Brandon Griggs | Alli Rosenbloom | ) edition.cnn.com time to read: +14 min

“I lucked out.”Back then nobody imagined “Star Wars” would become a blockbuster, let alone an enduring franchise and cultural phenomenon. James Earl Jones and Darth Vader during "Star Wars: Episode II - Attack of the Clones" premiere event. Jesse Dittmar for The Washington Post/Getty Images Jones, seen here in 1960, was born in Arkabutla, Mississippi, in 1931. Steve Ringman/San Francisco Chronicle/Getty Images Jones appears with Alec Baldwin in a scene from "The Hunt for Red October" (1990). The LIFE Picture Collection/Getty Images Jones appears next to Darth Vader, who he famously voiced in the "Star Wars" movies.

Persons: James Earl Jones, Jones, Darth Vader, King ”, ”, Bob Iger, “, ” Jones, George Lucas, David Prowse, “ George, Lucas, Vader, Jim Spellman, WireImage, ‘, you’ve, Luke Skywalker, Mark Hamill, ” Hamill, He’ll, ’, ’ ”, Robert Earl Jones, James, Langston Hughes, Bettmann, Stanley Kubrick’s “, Strangelove, Jack Johnson, Tony, Sidney Poitier, Alex Haley, TV’s, Thulsa, Conan, ” Kevin Costner’s, Admiral Greer, Costner, Jones ’, King Jaffe Joffer, Wan Kenobi, Mufasa, “ L.A, Law ”, King James, Rachael Ray, ” James Earl Jones, Jesse Dittmar, William Shakespeare's, Stanley Kubrick's, Julienne Marie, Alan Aaronson, Harry Benson, Richard Nixon, Julie Harris, Angela Lansbury, Jerry Orbach, Muhammad Ali, King Lear, Jack Mitchell, Paul Robeson, Robeson, Hulton, Marlon Brando, Ronald Reagan's, AP Jones, Thulsa Doom, Everett, Steve Ringman, Alec Baldwin, Nick Ut, George H.W, George H.W . Bush, Bush, Doug Mills, Cecilia Hart, Flynn, Paul Simon, Chita Rivera, Laura Bush, George W, Alex Wong, Grace, Chris Haston, Rosa Parks, Faith Ringgold, Richard Drew, Kevin Wolf, Matt Rourke, Debbie Allen, Evan Agostini, Forest Whitaker, Kevin Winter, Vanessa Redgrave, Daisy, Sara Krulwich, Astrid Stawiarz, Marian Anderson, Matt Slocum, Grant Lamos IV, Steven Senne, John Atashian, Jones “, …, Arthur Miller Organizations: CNN, “, Walt Disney Company, American Film Institute, ‘, University of Michigan, Army, Disney, The Washington Post, US Army, Newspapers, Broadway, CBS, Getty, New York Daily, Daily, ABC, Walt Disney Television, Everett, Hulton Deutsch, AP, San Francisco Chronicle, Mondadori, Arts, Kennedy, NBC, Elementary, NBA, National Constitution Center, Screen, New York Times, Harvard University, Globe, Academy of Locations: “, Michigan, Mississippi, New York, Hollywood, America, “ The, African, Iowa, Arkabutla , Mississippi, New, Vietnam, Washington , DC, George H.W ., Montgomery, Independence, Philadelphia

☆ Google’s search business was declared to be a monopoly. Now its ad business is on trial
▼ + stars: | 2024-09-09 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

The long-awaited Google-DOJ showdown focuses on the $31 billion portion of Google’s ad business that matches website publishers with advertisers. “One monopoly is bad enough, but a trifecta of monopolies is what we have here,” said Wood, the DOJ attorney, referring to Google’s publisher ad server business, its advertising exchange AdX, and its advertiser ad network. Authorities have called for that group of businesses within Google — which is distinct from Google’s search or search ads business — to be broken up. Factoring in those other sources of competition drops Google’s share of the ad exchange market from 34% to 17%, said Dunn, Google’s attorney. Still, a breakup of Google’s ad tech business could potentially trigger a shakeup of the digital advertising industry and Google’s role within it.

Persons: —, ” Julia Tarver Wood, Leonie Brinkema, “, ”, Karen Dunn, Google’s, Kamala Harris, Donald Trump, Albert V, Alex Wong, Tim Wolfe, DOJ’s, Wood, ” Wood, Trump, Dunn, Google, Clinton, Brinkema, Neal Mohan, ” It’s Organizations: CNN, Google, US Department of Justice, DOJ, Biden, Blockbuster, Justice Department, Bryan United, Courthouse, The Justice, Gannett, USA, Army, Authorities, Meta, Microsoft, Netflix, Big Tech, Court, Eastern, of, Justice, Comcast, Disney, The New York Times, YouTube Locations: Virginia, Google’s, Alexandria , Virginia, of Virginia

☆ India and Singapore agree to cooperate on chips as countries seek to strengthen partnership
▼ + stars: | 2024-09-05 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

The announcement comes during Indian Prime Minister Narendra Modi's two-day visit to the Lion City, which began Wednesday following a trip to Brunei. The next phase of the Singapore-India partnership is very promising," Singapore Deputy Prime Minister Heng Swee Keat said at the Singapore-India Forum organized by the Singapore-India Partnership Foundation, Institute of South Asian Studies and the Singapore Business Federation. "Singapore, India and the rest of Asia must continue to strengthen on economic connectivity and integration, to allow for capital, ideas and talent to find their optimal uses," he said. We want to create a bunch of Singapores in India," Modi said in a meeting with Wong. watch nowOn Wednesday, Modi and Singapore's Prime Minister Lawrence Wong visited Singaporean semiconductor and electronics company AEM, signaling their intent to increase cooperation in chips.

Persons: Narendra Modi, Brunei Sultan Hassanal, Dean Kassim, Narendra Modi's, Heng Swee Keat, Modi, Wong, Lawrence Wong, Heng, Ajit Doval, It's, Anit Mukherjee Organizations: India's, Istana Nurul, Afp, Getty, SINGAPORE —, Indian, Lion, Singapore -, India Partnership Foundation, Institute of South Asian Studies, Singapore Business Federation, U.S, International Monetary Fund, Singapore's, National, Imports, CNBC, Modi's, King's College London, Economic, Board Locations: Brunei Sultan, Istana Nurul Iman, Bandar Seri Begawan, SINGAPORE, SINGAPORE — India, Singapore, Brunei, India, Singapore - India, Asia, —, China, Germany, Japan

☆ India's Modi expected to usher in new era of bilateral agreements in Singapore visit
▼ + stars: | 2024-09-04 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Indian Prime Minister Narendra Modi during the launch of BJP membership campaign on Sept. 2, 2024 in New Delhi, India. Modi will also be meeting Singapore President Tharman Shanmugaratnam, Senior Minister and former Prime Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong during his two-day visit. Dean Kassim | Afp | Getty ImagesEarlier this week, the Indian prime minister made his inaugural trip to Brunei where he met Sultan Hassanal Bolkiah. Modi is India's first prime minister that has made a bilateral visit to the oil-rich country. The Indian prime minister had also visited Italy for the G7 summit, Russia, Ukraine and Poland in the last three months since his reelection.

Persons: Narendra Modi, Lawrence Wong, Modi, Tharman Shanmugaratnam, Lee Hsien Loong, Goh Chok Tong, Anit Mukherjee, Mukherjee, Dean Kassim, Sultan Hassanal Bolkiah, Omar Ali Saifuddien, Nirmala Sitharaman, Jaishankar, Wong, Vivian Balakrishnan, Balakrishnan Organizations: Indian, Hindustan Times, Getty, Singapore, Senior, King's College London, CNBC, Imports, Brunei International, Afp, High Commission of, Institute of South Asian Studies, Finance, Foreign Locations: New Delhi, India, Singapore, Asia, Bandar Seri Begawan, Brunei, High Commission of India, Italy, Russia, Ukraine, Poland, Lion City

☆ China's property woes and U.S. sanctions have hit some cities hard
▼ + stars: | 2024-09-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — China's property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing's tech push, Milken Institute's best performing cities China index showed Tuesday. Since 2015, the index has studied China's large- and mid-sized cities for their economic vibrancy and growth prospects. The index looked at a group of 33 large cities and a group of 217 small cities, then ranked them separately. Historically, Wong pointed out, having control of Zhengzhou, Hefei, and Wuhan have been critical to ensuring control of the country. Correction: This story has been updated to reflect that there are 33 large cities and 217 smaller cities in the index.

Persons: Milken Institute's, Perry Wong, Wong Organizations: CNBC ., U.S, CNBC, Wuhan Locations: HANGZHOU, CHINA, China Vanke, Hangzhou, Zhejiang province, China, BEIJING, Zhejiang, Zhuhai, Guangdong, Hong Kong, Dongguan, The, Shenzhen, Beijing, Zhengzhou, Henan province, Hefei, Wuhan, Anhui, Central China's Hubei

☆ China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
▼ + stars: | 2024-08-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Comparable store sales, a key measure for the restaurant industry, were down 14% in its most recent quarter. Sales slumpStarbucks' comparable store sales in China have been incredibly volatile over the past five years. But in recent months, they've been hit by cautious consumer spending and increased competition, then-CEO Laxman Narasimhan told investors in July. Luckin Coffee, Starbucks' biggest rival in China, has nearly three times as many stores as Starbucks in the country after monumental unit growth. "We're not interested in entering the price war," Starbucks China CEO Belinda Wong told investors in January.

Persons: —, Brian Niccol, they've, Laxman Narasimhan, Narasimhan, Sherri, Kearney, Luckin, McCafe, KFC's, Dave Xie, Oliver Wyman, Xie, latte, We're, Belinda Wong, Wong, it's, Brian Yarbrough, Edward Jones, Liu Ying Organizations: Service, Starbucks, Business, Bank of America, Bloomberg, Publishing, Getty, Reuters Locations: China, Beijing, Shanghai, Seattle, Luckin, Cotti, Xinhua

The World, a luxury liner, has many descriptions, but "cruise ship" is not one of them, said resident Jim Minarik. "The only thing that's similar between the world and a cruise ship is they float on the water," he said. Minarik and his wife bought their apartment in 2020 with plans to spend one to two months a year on the ship. Source: The WorldYet money is not a big topic aboard The World, Minarik said. Wong said that while other companies have tried, The World is still the only ship of its kind.

Persons: Jim Minarik, we're, Minarik, Eddie Wong, Wong, There's, I'd Organizations: CNBC, CNBC Travel Locations: Singapore, Antarctica, French Polynesia, Easter, Amalfi Coast, Australia's Kimberley, Papua New Guinea, Solomon, South America, South Africa, Cape Town, Orange County , California, Africa's, Penola Strait

☆ Planning a luxury trip to Singapore? Here's where to stay, shop and eat
▼ + stars: | 2024-08-19 | by ( Zenith Wong | In Zenithwong | ) www.cnbc.com time to read: 1 min

For many, Singapore — the city that inspired "Crazy Rich Asians" — is synonymous with luxury, with top-tier accommodations, high-end shopping and restaurants. But where to stay, shop and eat in a city that has so many options? CNBC's "First Class" series takes viewers into the city's top hotels and Michelin-starred restaurants, with an insider's look into The Shoppes at Marina Bay Sands, home to an underwater tunnel that connects the main building to a floating Louis Vuitton store. Watch the video above for more details on how to travel in style in Singapore.

Organizations: Michelin, Louis Vuitton Locations: Singapore, Marina Bay Sands

☆ TikTok 'finfluencers' accurately called the AI rally, but credibility concerns dog them
▼ + stars: | 2024-08-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

The team then tracked the prices of the recommended stocks from the day the videos were posted up until June 21, 2024. The most profit that an investor could have generated from a single stock would have been Nvidia, which grew 63.08% in the period surveyed. If a person invested $1,000 in every stock recommended in the one video that got the most bets right, the gains would have amounted to $4,860. On the other hand, putting money into all the stocks recommended in the video that got most bets wrong would have led to a loss of $1,517. "Furthermore, a single period coincident result does not translate to a definitive conclusion of predictability in the long run."

Persons: Dado Ruvic, Let's, —, Gerald Wong, Wong, Jeremy Tan, Jiang Zhang, — Zhang, Tan Organizations: Reuters, Nvidia, Qualcomm, Google, Ginkgo, Holdings, CNBC, Tiger Fund Management, Management, Investor Locations: York, Singapore

☆ Reddit's increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
▼ + stars: | 2024-08-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Reddit calls them logged-out users and, based on some industry estimates, they only monetize at about one-third the rate of logged-in users. The number of logged-out users surpassed logged-in users in the fourth quarter, and the gap has since widened. Logged-in users increased 31% in the second quarter to 42 million, while logged-out users increased at a much more robust rate of 74% to 49.2 million. Alan Gould, managing director at Loop Capital, said Google makes up "the vast majority of the logged-out users." By 2025, Reddit's logged-in users could represent an ARPU of $17.60 compared to $5.90 for logged-out users, Black said, based on the firm's estimates.

Persons: Spencer Platt, Tom Wahlin's, Hacker, Wahlin, we're, Lily Ray, Amsive, Ray, Reddit, Alan Gould, Daniel Konstantinovic, Konstantinovic, Benjamin Black, monetization, they'll, Reddit's, Black, Jen Wong, Wong, Steve Huffman, They'll, Huffman Organizations: New York Stock Exchange, Getty, Aer, Google, U.S, Loop, Deutsche Bank, CNBC, AllGear Digital, YouTube Locations: New York City, U.S, Reddit

WASHINGTON — Longtime Rep. Bill Pascrell, D-N.J., was readmitted to the hospital Sunday night, just days after he was released from a weeks-long hospital stay to a rehabilitation facility, a source close to the congressman confirmed Monday. Pascrell is now receiving care at Cooperman Barnabas Medical Center in Livingston, N.J., the source said. Pascrell checked himself into a hospital on July 14 with a fever, which his staff said may have been caused by a respiratory illness. At 87 years old, Pascrell is the second-oldest House member, only behind retiring Rep. Grace Napolitano, D-Calif. A former member of the New Jersey General Assembly and a former Patterson mayor, Pascrell was first elected to Congress in 1996.

Persons: WASHINGTON, Bill Pascrell, Pascrell, wasn’t, Grace Napolitano, Billy Prempeh, Prempeh, Joe Biden, Donald Trump, Joe Biden’s, Biden, Reluctantly, Kamala Harris, Sen, Chuck Grassley Organizations: WASHINGTON —, Cooperman Barnabas Medical Center, New, New Jersey General Assembly, Patterson, GOP, Local, Democratic Party Locations: Livingston , N.J, New Jersey, New Jersey's, Iowa

☆ Yen slips, markets brace for U.S. inflation data
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +3 min

Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve interest rate cuts this year. "It's more a case of market squaring up a little bit ahead of the U.S. inflation data," said Christopher Wong, currency strategist at OCBC Bank in Singapore. The dollar was trading at 146.87 yen , up 0.2% from late U.S. levels on Friday. The Aussie was barely up at $0.6577 on Monday, while the New Zealand dollar stayed below last week's three-week high of $0.6035. Implied volatility on the yen, measured in yen options, has also subsided.

Persons: Bank of Japan's hawkishness, Jackson, Christopher Wong, J.P, Morgan Organizations: Bank of Japan's, Federal Reserve, Nvidia, OCBC Bank, New Zealand, Reserve Bank of New, Bank, Japan, U.S . Commodity Futures Trading Commission Locations: U.S, Singapore, Reserve Bank of New Zealand

Hong Kong CNN —Presumptive Democratic presidential nominee Kamala Harris’ running mate has a decades-long connection with China. “I remember waking up and seeing the news on June 4 that the unthinkable had happened,” Walz told Voice of America in an interview in 2014. The newlyweds spent their honeymoon taking students on two-week tours in China for sightseeing and classes on culture, education and history. In Chinese nationalist circles, which have an outsized voice on policy debates in China, there are no rosy illusions about Walz. The hashtag “Harris’ VP pick once taught in China” racked up 15 million views on microblogging site Weibo.

Persons: Hong Kong CNN —, Kamala Harris ’, Tim Walz, Walz, ”, Dalai Lama, Joshua Wong, Shen Dingli, ” Shen, ’ Walz, “, Mao Zedong, Deng Xiaoping, ” Walz, Gwen, Cara Roemhildt, ” Roemhildt, Jeff Widener, ’ ”, Liu Dongshu, Liu Xiaobo, Lobsang Sangay, ” Tim Walz, X, Hong Kong’s, Wong, ” Jeffrey Ngo, “ Walz, ” Ngo, ” Shen Yi, “ We’re, ” Stephen Roach, Morgan Stanley Asia, Harris, Eric Fish, Hong Kong's, Joshua Wang, George H, Bush, Bush’s, there’s, Liu, “ Harris, China ”, –, Xi Jinping, “ Heh, I’ve, they’re Organizations: Hong Kong CNN, Democratic, United States ’, Republican, Communist Party, Star, Herald, CNN, Harvard University, Paramount, America, “, of, People, Associated, Congressional, Commission, City University of Hong, Hong, Hong Kong Human Rights, Democracy, White Locations: Hong Kong, China, Beijing, Minnesota, Tiananmen, Nebraska, Shanghai, Foshan, Guangdong, America, Congress, City University of Hong Kong, Tibet, Dalai, Washington, “, South China, Weibo

Search resuls for: "WONG"

25 mentions found