DIRS.INFO The most relevant business & tech news

☆ The Most Memorable Reviews by Pete Wells
▼ + stars: | 2024-07-16 | by ( Sara Bonisteel | ) www.nytimes.com time to read: +1 min

As The New York Times’s restaurant critic for the last dozen years, Pete Wells has reported from the dining-room trenches on a changing industry. Pete has explored the five boroughs and far beyond, as the Food desk’s coverage of restaurants widened its scope. He noted the rise in food halls in New York, and the city’s vast wealth of Chinese restaurants. (If you’re curious about his process, listen to him on this episode of “The Daily” and learn why he always packs a notebook.) Wong, ★★, 2012His first column as restaurant critic took him to an Asian fusion restaurant from the chef Simpson Wong, where the duck-fat ice cream and duck-tongue meatballs brought smiles of pleasant surprise.

Persons: Pete Wells, Pete, Wong, ★ ★, Simpson Wong Locations: York, New York

☆ 'Rentvesting' can be 'a good way to get into the property market,' economist says. Here's how it works
▼ + stars: | 2024-07-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

"It can be a good way to get into the property market," she said, especially if you live in a city where home prices are out of your budget. About 55% of small-portfolio rental owners hire a property manager because they don't live near their rental property, according to the State of the Property Management Industry Report by Buildium, a property management software company. However, hiring a property manager comes at a cost, which depends on factors such as the property location and services provided. Property manager fees can reach up to 25% of the monthly rent price, depending on the specifications, according to Apartment List. That's good news for renters, "but not good news if you're a property owner," said Fairweather.

Persons: Oscar Wong, Danielle Hale, Hale, they're, Daryl Fairweather, Fairweather Organizations: Finance, Redfin, Property Management Locations: United States

The United States and its NATO allies have agreed that Ukraine should have an “irreversible” path to membership in the alliance and are enshrining the phrase in a document to be released during this week’s summit in Washington, U.S. and allied officials say. While there is no consensus yet about Ukraine joining NATO, the strengthened language would show that there is movement in that direction. The United States was once deeply skeptical about whether Ukraine was ready to become a member, and while questions remain, more and more American and European officials believe that the country will eventually be able to join. Officials say there could always be a last-minute change before the document is released, but that the member nations had reached broad agreement in recent days. But it should be welcomed by Ukrainian officials who have been pushing for language along the lines of “irreversible,” they say.

Organizations: NATO Locations: States, Ukraine, Washington , U.S, United States

☆ 'Fait accompli': Inside Democratic lawmakers' paralysis over Biden
▼ + stars: | 2024-07-10 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

One by one, Democratic members of Congress began to stream out of the Democratic National Committee's headquarters on Tuesday morning. House Democrats had convened to discuss Biden's future. The number of Democratic lawmakers publicly calling for Biden to withdraw remains in the single digits. Rep. Summer Lee wears headphones as she departs House Democrats' meeting at the DNC on Tuesday. On Tuesday afternoon, hours after House Democrats' DNC meeting, Rep. Mikie Sherill of New Jersey became the seventh to call for Biden to step down.

Persons: Steve Cohen, Tennessee, We're, Summer Lee, Mike Quigley of, Biden, Adam Schiff of, Joe Biden's, Mike Quigley, Bryan Metzger, he's, John McDonnell, He's, —, Greg Landsman, Ohio, Landsman, Dean Phillips, Phillips, Mike Mansfield, Lyndon B, they're, it's, Chuck Schumer, Patty Murray, Maria Cantwell, Schumer, Alex Wong, Rachel Scott, Scott, I've, Joe, CNN's Manu Raju, Murray, Jon Tester, Sherrod Brown of, Michael Bennet of, Bennet, Sen, Amy Klobuchar, Tom Williams, Kamala Harris, Mikie, Democrats aren't, Nancy Pelosi, It's, Tim Kaine, Virginia, Kaine, I'm Organizations: Service, Democratic, Democratic National, Democrats, DNC, Capitol, Capitol ., Democrat, Congressional Black Caucus, AP, House Democrat, Biden, White, NATO, Trump, Montana, Civil, Republican, CNN, Getty, Democratic Party, Monday, MSNBC Locations: Pennsylvania, Mike Quigley of Illinois, Adam Schiff of California, Washington ,, Minnesota, Ohio, Sens, Washington, Sherrod Brown of Ohio, Michael Bennet of Colorado, New Jersey, Richmond

☆ HK Express apologizes after two blind passengers removed from Hong Kong-Tokyo flight
▼ + stars: | 2024-07-09 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +4 min

Andy Chui (left) and John Li at a press conference held by the Hong Kong Blind Union on July 7, 2024. They said were removed from an HK Express flight on May 22, 2024. Hong Kong Blind Union“They need to ensure that companies comply with these guidelines and that there are punitive measures when companies discriminate against people with disabilities,” Wong told CNN. HK Express said its staff had followed the airline’s “standard safety procedures,” during the incident, without specifying whether the two passengers had failed to comply with its protocols. All 35 passengers on the flight walked off in solidarity with Rizzi.

Persons: “, Andy Chui, John Li, –, Li, Chui, ” Chui, Billy Wong, Wong, ” Wong, ”, KK Ong, Albert Rizzi, Rodney Hodgins Organizations: Hong Kong CNN — Budget, HK Express, Hong Kong Blind Union, . Blind Union, CNN, Cathay, ” HK Express, ”, US Airways, Rizzi, Air Canada, Las Vegas . Air Canada Locations: Hong Kong, Tokyo, Hong, Long, Las Vegas

☆ U.S. Creates High-Tech Global Supply Chains to Blunt Risks Tied to China
▼ + stars: | 2024-07-08 | by ( Edward Wong | Ana Swanson | ) www.nytimes.com time to read: 1 min

If the Biden administration had its way, far more electronic chips would be made in factories in, say, Texas or Arizona. Those places may not be the first that come to mind when people think of semiconductors. But administration officials are trying to transform the world’s chip supply chain and are negotiating intensely to do so. The core elements of the plan include getting foreign companies to invest in chip-making in the United States and finding other countries to set up factories to finish the work. Officials and researchers in Washington call it part of the new “chip diplomacy.”

Persons: Biden, ” Locations: Texas, Arizona, Costa Rica, Vietnam, Kenya, United States, Washington

The House Democrats who said Biden should drop out of the 2024 race were Reps. Adam Smith of Washington, Jerry Nadler of New York, Mark Takano of California and Joe Morelle of New York. Some House Democrats in battleground districts are weighing whether to distance themselves from Biden. "President Biden is a good man & I appreciate his lifetime of service," she wrote in a post to X. During the interview, Biden dismissed the calls for him to step aside and said only the "Lord Almighty" could get him to reconsider his presidential bid. "Look, I mean, if the Lord Almighty came down and said, 'Joe, get out of the race,' I'll get out of the race," Biden said during the interview.

Persons: Joe Biden, Biden, Adam Smith of, Jerry Nadler, Mark Takano, Joe Morelle, Smith, Nadler, Takano, Morelle, Hakeem Jeffries, Donald Trump, Kamala Harris, Trump, Susan Wild, Angie Craig, Maxine Waters, Barbara Lee, Frederica Wilson, Wilson, he's, George Stephanopoulos, Almighty, Joe, Almighty's Organizations: WASHINGTON —, Congress, Democrats, NBC News, Armed Services, Veterans ' Affairs Committee, House Administration Committee, House Democratic, Biden, Congressional, Caucus, NBC, California Democratic, Trump, Rep, ABC News, Capitol Locations: Adam Smith of Washington, York, California, New York, Congress, House, D, Pennsylvania

☆ Photos show what it's like inside the North Korean summer camp where Russian kids will go
▼ + stars: | 2024-07-06 | by ( Joshua Zitser | ) www.businessinsider.com time to read: 1 min

Some kids went because it seemed like a cheap beach holiday, a former camper says. Girls shower at a beach in Songdowon. Wong Maye-E/APFrolov, who went to Songdowon to see North Korea with his own eyes, told BI that many others in his cohort were there for a different reason — a chance to go on a beach vacation for very little money. The summer camp is heavily subsidized by North Korea, and he said it only costs visiting campers about $300 to $400 for the trip. It also has a private beach area.

Persons: Wong Maye Organizations: North Locations: Songdowon, North Korea

Hong Kong CNN —There are a lot of princesses at Hong Kong Disneyland, but not the ones you think. Hair carefully coiffed, and in full makeup Liang Xiaoyu, 18, is dressed for a day out at Hong Kong Disneyland. Noemi Cassanelli/CNNAnd at Hong Kong Disneyland, Disney characters aren’t the sole fashion inspiration for dedicated fans. Li Mengru, 27, poses for a picture during an interview with CNN, at the entrance of Hong Kong Disneyland on June 7, 2024. Yang Yushen, who also goes by Kris, and his partner Jimmy Redinger like the romantic side of Hong Kong Disneyland.

Persons: “ Duffy, ”, Liang Xiaoyu, Noemi Cassanelli, CNN Liang, Mary Janes, Duffy, Qin Wuxiao, Jessie, it’s, Charmy Chan, Yanni Chung, Judy, Nick Wilde, “, Chan, CNN Oscar Yim, Captain America, Marvel, CNN Jing Hongche, Li Sitan, CNN Charmy Chan, Chung, Li Mengru, Chen Xinyu, Li, Chen, Linda Lee, CNN Li, Cassanelli, Yang Yushen, Kris, Jimmy Redinger, Ankh Wong, Kris Yang, Yang, Zootopia, Hercules ”, Redinger, Disney, Mariko Otomo, Nozomi Yasuda, Yuka Izawa, CNN Otomo, China’s “ meng ”, Mariko Otomo kitted, Deng Chundan, CNN Deng Chundan, Le, Godiva, Chow Tai, Gen, ” Shen Jing, CNN Linda Lee, CNN Chen Xinyu, CNN Lee, CNN Chen, lacy Organizations: Hong Kong CNN, Disney, CNN, Hong Kong Baptist University, USA, Captain, Hong Kong Disneyland, Marvel, “, Hong, Hong Kong Tourism, Hong Kong Locations: Hong Kong, Guangzhou, Hong, China’s Fujian, Guangdong, Japan, Arendelle, Tomorrowland, Tsim Sha Tsui, China, Southeast Asia, Philippines, Thailand, Singapore, South Korea, Grizzly Gulch, United States, Chinese, Hebei, Asia, Hangzhou

WASHINGTON — After he gave his State of the Union speech in March, President Joe Biden seemed to have quieted persistent fears that, at 81, he was no longer up to the job. But a Democratic lawmaker who shook hands with Biden in the House chamber that night was troubled by his appearance. Biden's poor showing at the debate with Donald Trump last week threatens to end his campaign just four months before the election. A third Democratic lawmaker said that in recent months, Biden looked "exceedingly tired" when the two were together. Yet the interview comes eight days after Biden's appearance onstage with Trump — time enough for perceptions of his poor performance to calcify.

Persons: Joe Biden, Donald Trump's, WASHINGTON —, Biden, Donald Trump, who've, they've, Ronald Reagan, —, Sen, Chris Coons, he's, Coons, " Coons, I've, who've vouched, Gerry Connolly, " Connolly, Connolly, Reagan, it's, I'm, You've, It's Organizations: U.S, Supreme, Republican, White, WASHINGTON, Democratic, Air Force, Trump, Biden, White House, Joint Chiefs, Staff, Los Angeles Times, Army Rangers, Omaha, ABC Locations: Washington , U.S, D, France, Paris, Pointe du Hoc

☆ Gold at near 2-week high as soft U.S. data lifts Fed rate-cut bets
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. Gold prices rose more than 1% to a near two-week high on Wednesday, driven by increased bets for a September interest rate cut by the Federal Reserve after recent U.S. data suggested that the labor market was softening. "Bulls are trying to get ahead of what many believe will finally be a weak payrolls report on Friday," he added. [USD/The market now sees a 68% chance of the Fed cutting interest rates in September as well as another cut in December. Elsewhere, spot silver rose 3.4% to $30.52 per ounce, platinum gained 1.8% to $1,008.50 and palladium climbed 2.7% to $1,049.

Persons: Tai Wong Organizations: Federal Reserve, Bulls Locations: U.S, New York

☆ U.S. yields lift dollar and leave yen languishing
▼ + stars: | 2024-07-02 | by ( ) www.cnbc.com time to read: +3 min

The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest since 1986. The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest since 1986. Against the euro , the yen touched a lifetime low of 173.67 on Monday and was near that level on Tuesday. China's yuan , which hit a seven-month low on the dollar last week and has hardly moved since, faces similar pressure with U.S. 10-year yields more than 220 bps higher than Chinese government bond yields. The New Zealand dollar slipped 0.3% in early trade and at $0.6075 was testing support at its 200-day moving average.

Persons: Donald Trump, Joe, Biden, Christopher Wong, China's, —, Sterling, Rob Carnell Organizations: U.S, New Zealand, ING Locations: Japan, Asia, China

☆ Simone Biles headlines women’s U.S. gymnastics Olympic team; rookie Hezly Rivera earns fifth spot
▼ + stars: | 2024-06-30 | by ( Dana O'Neil | ) www.nytimes.com time to read: +12 min

MINNEAPOLIS – Only a week ago, Alicia Sacramone Quinn fretted about the gut-wrenching decision she and her two colleagues would have to make in determining the 2024 Olympic team. The United States will send four members of its 2020 Olympic team to Paris — Simone Biles, Sunisa Lee, Jordan Chiles and Jade Carey — reserving one singular spot for a rookie. For the very first time, we proudly introduce the 2024 U.S. Olympic Women's Gymnastics Team presented by @Xfinity! “I knew I wasn’t done after Tokyo,‘’ Biles said, adding that her “religious” Thursday meetings with her therapist helped her through. GO DEEPER At U.S. Olympic gymnastics trials, rash of injuries hovers over a major momentThe U.S. it turns out, is lucky none of the women making the return to the Games gave up.

Persons: Alicia Sacramone Quinn, Quinn, Paris — Simone Biles, Sunisa Lee, Jordan Chiles, Jade Carey —, Hezly Rivera, @Xfinity, ➡️ Hezly Rivera ➡️ Jade Carey ➡️ Simone Biles ➡️ Suni Lee ➡️ Jordan Chiles, Joscelyn Roberson, Leanne Wong pic.twitter.com, btf44HDjSL, Rivera, ” Quinn, “, ’ Biles, I’d, Biles, —, Skye Blakely, Kayla DiCello, Shilese Jones, Carey, ’, Brian, Chiles, Chiles wasn’t, overthinking, Megan Thee, Beyonce, ” Chiles, ”, Lee, she’d, Blakely, Jones, medaling, dismounting, Jess Graba, ‘ ’, Lee —, Matt Krohn Organizations: MINNEAPOLIS, Paris, Olympic, Target Center, “, U.S, Games, Oregon State, NCAA, UCLA, U.S . Locations: Tokyo, United States, American, Minneapolis, Paris, Oregon, Biles

☆ Salty cream in your morning brew? Why Vietnam’s specialty coffees are catching on around the world
▼ + stars: | 2024-06-28 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +7 min

Ca Phe Muoi co-owners Ho Thi Thanh Huong and Tran Nguyen Huu Phong. Traditional Vietnamese coffee is brewed in a phin – a metal, filtered brewing device – that’s placed over a cup or pot. And salt coffee is just one of several distinctive Vietnamese coffee drinks that might raise a few eyebrows among those who’ve yet to sample them. In fruit shake coffee – sinh to ca phe – coffee is combined with banana or avocado to produce a smoothie. And though they serve both iced and hot versions of salt coffee, they think the former is the tastiest option.

Persons: CNN — It’s, Luong, ”, Ho, Tran Nguyen, “, Tran Nguyen Huu, phe muoi, Linh Pham, trung, Mintel, phe Organizations: CNN, –, ”, Bloomberg, Getty, International Trade Council Locations: Hue, Vietnam, Turkey, Hungary, Siberia, Hanoi , Vietnam, Brazil, Hanoi, it's, Asia, California, Seattle, Philadelphia, London, Hue Imperial City

Climate control activists are led away by the NYPD after being detained outside the global headquarters of Citigroup in New York City, U.S., June 28, 2024. REUTERS/Kent J. Edwards Purchase Licensing Rights New Tab , opens new tabItem 1 of 6 Climate control activists are led away by the NYPD after being detained outside the global headquarters of Citigroup in New York City, U.S., June 28, 2024. REUTERS/Kent J. EdwardsCompanies Company Citigroup Inc FollowJune 28 (Reuters) - Dozens of climate activists were arrested after protesting at Citigroup's (C.N) New Tab , opens new tab headquarters in New York on Friday as part of what they called a "Summer of Heat" campaign. The activists expected more than 1,000 people to participate in the demonstration, according to a statement ahead of the protest. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Kent J, Roishetta Ozane, Burns, summonses, Makailah Gause, Jacqueline Wong, Lananh Nguyen, Leslie Adler Organizations: NYPD, Citigroup, REUTERS, Edwards Companies Company Citigroup, Police, New York City Police Department, Citi, Reuters, Thomson Locations: New York City, U.S, New York, Manhattan, Citi's, New

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

Persons: André De Shields, Lady Bunny, Michael R, Jackson, Juliana Huxtable, Wong, J.D, Samson, Pat Oleszko, it’s, —, John Rechy, ”, Danez Smith, Trump, he’d, “, Jenna Lyons, Avram Finkelstein, Joe Mantello, …, Catherine Opie, you’re, Willie Norris, “ I’d, It’s, you’ve, ” — Mark Harris Read, De Shields, Justin French, Chuck Ashley, Anthony Cotsifas, William F, Robert O’Hara’s, Hermes, — Max Berlinger Jenna Lyons, Antonio Lopez, Jenna Lyons’s, Grace Jones ”, Juan Ramos, Antonio Lopez’s, Grace Jones, Tina Chow, Marisa Berenson, Pam Anderson, That’s, — Jason Chen Jayne County, Jayne County, Gus Stewart, Billy Idol, Wayne County, — M.B, Bill T, Jones, Arnie, Arnie Zane, Zane, Keith Haring, Lois Greenfield, Jack Mitchell, Peggy Jarrell Kaplan, Gertrude Stein, Alice B, we’d, Bill, Arnie ”, I’m, — Juan, Norris, Yael Malka, Tomas Abad, West, Black, I’d, — Colleen Hamilton B.D, New York’s Eugene, . Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ Cisco is 'very optimistic' about its expanding business with China EVs
▼ + stars: | 2024-06-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

DALIAN, China — Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on Tuesday. The EV segment is the U.S. tech giant's second-largest for the region — Cisco generates most of its revenue in Greater China from manufacturing companies, and within that, electric cars form the largest category, said Ming Wong, vice president and CEO of Cisco Greater China. Chinese EV-makers have ramped up their global expansion in the last year as domestic competition intensified. However, trade tensions have escalated, with the U.S. and likely the European Union, increasing tariffs on imports of Chinese electric cars. "At least as of now, we don't hear anything from the [EV] customers saying that, 'Oh, because of this, we need to stop investing, or we need to slow down,'" he added.

Persons: Ming Wong, Wong, It's Organizations: Cisco, CNBC, U.S, European Union Locations: DALIAN, China, U.S, Greater China, Cisco Greater China

☆ Gold drifts lower as traders await U.S. inflation data
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: +2 min

Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. Spot gold was down 0.2% at $2,327.52 per ounce as of 0339 GMT. "Technical factors in the short-term are not so positive for gold. Other Fed officials speaking this week include Fed Governors Lisa Cook and Michelle Bowman along with Richmond Fed President Tom Barkin.

Persons: Kelvin Wong, Bullion, Wong, Mary Daly, Lisa Cook, Michelle Bowman, Tom Barkin Organizations: Asia Pacific, U.S, San Francisco Fed Bank, Richmond Fed Locations: OANDA, U.S

☆ Dollar steady ahead of inflation reading; yen teeters toward 160
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +3 min

The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The yen weakened to 159.94 per dollar in early trade on Monday, its lowest since April 29, when the yen touched a 34-year low of 160.245 leading to Japanese authorities spending some 9.8 trillion yen to support the currency. "The combination of slowing activity, a loosening labor market and slower inflation readings make us increasingly confident that the Fed will begin reducing policy rates in September," Citi said. The Australian dollar was last at $0.6640 and the New Zealand dollar was little changed at $0.6113.

Persons: Masato Kanda, Carol Kong, Emmanuel Macron, Christopher Wong Organizations: Bank of, Commonwealth Bank of Australia, Reuters, Citi, Fed, National, New Zealand Locations: Japan, U.S

☆ In Search of My Father’s Frontier: His Years in Mao’s Army
▼ + stars: | 2024-06-23 | by ( Edward Wong | ) www.nytimes.com time to read: +1 min

In this case, my mission was personal: I was seeking records in Altay’s Civil Affairs Bureau on my father’s service in a Chinese army unit six decades earlier. I knew police officers would soon be trailing me, as they did whenever foreign journalists turned up in Xinjiang. President Xi Jinping had begun enacting much harsher policies in the region, home to Uyghur and Kazakh Muslims. I knew that finding anything about my father, Yook Kearn Wong, was a long shot. I asked her if she knew anything about an old army base of mostly Kazakh cavalry soldiers, where my father and a few other ethnic Han soldiers had served in 1952.

Persons: Xi Jinping, Yook Kearn Wong, Wei Yangxuan Organizations: The New York Times, Altay’s Civil, Bureau, Civil Affairs Bureau Locations: Altay, China’s, Xinjiang, Russia, Mongolia, Kazakhstan, Beijing, Kazakh

☆ Jupiter’s Great Red Spot is the oldest vortex in the solar system
▼ + stars: | 2024-06-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —Jupiter’s iconic Great Red Spot is a massive storm that has swirled within the atmosphere of the largest planet in the solar system for years. The Great Red Spot is a massive vortex within Jupiter’s atmosphere that is about 10,159 miles (16,350 kilometers) wide, which is similar to Earth’s diameter, according to NASA. Vincenzo Pinto/AFP/Getty ImagesWhile the first two scenarios resulted in cyclones, they differed in shape and other characteristics witnessed in the Great Red Spot. But the researchers believe that the persistent atmospheric storm cell, which resulted from intense wind instability, produced the Great Red Spot. Previous research, published in March 2018, has shown that the Great Red Spot is growing taller as it shrinks in size overall.

Persons: Giovanni Domenico Cassini, Ann Ronan, Cassini, ”, Agustín Sánchez, Lavega, “, updrafts, Donato Creti, Vincenzo Pinto, Michael Wong, ” Wong Organizations: CNN, Research, NASA, University of, Visitors, Vatican Museum, University of California Locations: Italian, Basque, Bilbao, Spain, AFP, Berkeley

☆ Gold set for weekly gain on U.S. rate-cut optimism, geopolitical woes
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Spot gold was up 0.1% at $2,360.95 per ounce as of 0344 GMT, after hitting a two-week high in the previous session. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. Spot silver fell 0.4% to $30.60 per ounce, platinum was up 0.4% at $982.45 and palladium gained 0.8% to $930.98.

Persons: Bullion, Kelvin Wong, Wong, Luca Santos Organizations: U.S . Federal, Asia Pacific, Gaza, ACY Locations: Gaza, OANDA, U.S

☆ She grew up helping her grandparents run a shoemaking shop. In college, she came up with a plan to save it.
▼ + stars: | 2024-06-19 | by ( Faye Bradley | ) www.businessinsider.com time to read: +6 min

Miru Wong with her grandfather Wong Tat-wing at the original Sindart shop. The cheapest pair is made without embroidery and costs 99 Hong Kong dollars, or $12. Wong says most of the materials — including nylon, silk, satin, and brocade — are sourced from Hong Kong, Japan, and Europe. AdvertisementOthers feel that more can be done in order to pass down the skills in Hong Kong. "Rising labor costs in Hong Kong also make it difficult for traditional shoemakers to maintain profitability," Cho said.

Persons: —, Miru Wong, Hong, Wong Tat, Wong, Wong reguarly, she's, shoemakers, Erin Cho, Cho, Lindsay Varty, Varty Organizations: Service, Polytechnic University, Business, Hong, HK, Hong Kong Polytechnic University's School of Fashion, Textiles, Social, Sunset Locations: Hong Kong, Japan, Europe

☆ Path Is Cleared for One of the Largest U.S. Arms Sales to Israel in Years
▼ + stars: | 2024-06-18 | by ( Robert Jimison | ) www.nytimes.com time to read: +4 min

Mr. Meeks said that the sale would take years to deliver and that he supported the Biden administration’s plans to hold up the sale of other munitions. The department declined to comment on the arms orders, including on whether it would soon give that formal notification. Congressional sign-off on arms sales has almost always been a foregone conclusion when it comes to Israel. “I don’t want the kinds of weapons that Israel has to be utilized, to have more death,” Mr. Meeks said in an interview with CNN in April. Both of the top Republicans on those panels, Senator Jim Risch of Idaho and Representative Michael McCaul of Texas, immediately approved.

Persons: Gregory W, Meeks, Mr, Benjamin L, Cardin, Haiyun Jiang, Biden, ” Mr, “, ”, Jim Risch of, Michael McCaul of, Edward Wong Organizations: Biden, Democratic holdouts, Foreign Affairs Committee, White House, National Security Council, Democrat, Foreign Relations, Republicans, The New York, State Department, Hamas, CNN, The State Department, House Foreign Affairs Committee, Senate Armed Services Committee Locations: Israel, New York, Gaza, Maryland, United States, Jim Risch of Idaho, Michael McCaul of Texas

☆ Andy Sieg Could Be Citi's Next CEO If He Can Fix a Broken Wealth Business
▼ + stars: | 2024-06-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

Andy Sieg shocked the finance industry last spring when he left Merrill Wealth Management. AdvertisementBank of America analyst Ebrahim Poonawala recently argued that Citi should consider selling the wealth business if it cannot improve its profitability. AdvertisementWhile Sieg has told Citi managing directors to manage up less, a former Merrill executive who worked under him said Sieg was adept at it. Former Citi managing directorAdvertisementVahid's position will be taken by Kris Bitterly, the global head of investment products, in September. Mirroring tactics that supercharged Merrill, Sieg has changed Citi Wealth's compensation scheme to prioritize asset gathering, to the consternation of several employees.

Persons: Andy Sieg, Kevin Crain, Sieg, Crain, Jane Fraser, Fraser, Morgan Stanley, Merrill, Smith Barney, Ebrahim Poonawala, Wells, Mike Mayo, Brian Moynihan, Alex Wong, Moynihan, Fraser isn't, Mayo, anoint, Jamie Dimon, Jennifer Piepszak, Marianne Lake, Viswas Raghavan, Jane, He'd, George H, Bush, Bill Schreyer, Merrill Lynch, Dave Komansky, David Komansky, YOSHIKAZU TSUNO, Phil, Doug, Lord Abbett, David Poole, Citi's, there's, That's, Poole, Glenn Schorr, Jim O'Donnell, O'Donnell, Sieg's, Andy Sieg's, Naz Vahid, David Bailin, Bailin, Naz, Phil Waxelbaum, Vahid, Kris, Don Plaus, Keith Glenfield, Dawn Nordberg, Edward Jones, They're, Ernst & Young, he's Organizations: Merrill Wealth Management, Business, Citi, Bank of America, Morgan, BI, Merrill, Bank, Citigroup, JPMorgan, Harvard, Penn State, JPMorgan Advisors, United Arab, Citi . Citi, Work, Citi lifer, Former Citi, North, Citi Alliance, Citi Wealth, Bloomberg, Ernst &, Citizens Bank Locations: Sieg, Wells Fargo, Merrill, Bellefonte , Pennsylvania, Poole, Singapore, United Arab Emirates, Mexico, London, Aventura , Florida, Asia, Manhattan, North America

Search resuls for: "WONG"

25 mentions found