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☆ She worked at some of Singapore's best Michelin-starred restaurants. Now, she runs a fine dining place out of her 1000-square-foot public housing apartment.
▼ + stars: | 2024-11-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.

Persons: Pristina Mok, Odette, Aditi Bharade, Mok, Lionel Lim, Aditi Bharade Mok, —, hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Hokkaido

☆ Trump sees China as the biggest AI threat. He has bipartisan support to win the race for powerful human-like AI.
▼ + stars: | 2024-11-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementA bipartisan US congressional commission urges a "Manhattan Project" for AI to outpace China. Trump has previously called China the "primary threat" in the AI race. AdvertisementThe Manhattan Project was a secret program led by the US government during World War II to develop the world's first atomic bombs. Advertisement"We have to take the lead over China, China is the primary threat," he added. OpenAI also cited the Manhattan Project in its blueprint as one of the US's "iconic infrastructure projects that moved the country forward."

Persons: Trump, Donald Trump, Logan, Joe Biden's, OpenAI, Yoshua, Max Tegmark Organizations: China, China Economic, Security, Commission, General Intelligence, US Treasury Department, Business, Manhattan Project, Life Institute, MIT, Guardian, Elon Locations: China, US, Washington

☆ Geno Auriemma becomes all-time winningest college basketball coach in 40th year at UConn
▼ + stars: | 2024-11-20 | by ( Chantel Jennings | ) www.nytimes.com time to read: +5 min

STORRS, Conn. — UConn women’s basketball coach Geno Auriemma passed Tara VanDerveer as college basketball’s all-time winningest coach with the Huskies’ win over Fairleigh Dickinson on Wednesday night in Storrs. Advertisement“This is yet another outstanding milestone in a career filled with them for Geno Auriemma,” VanDerveer said in a statement. Alone, he has more NCAA Tournament wins than any program in men’s or women’s college basketball. In 1995, Lobo’s senior season, UConn won its first national title. From 2013 to 2016, the Huskies won four national titles and set a college basketball record by winning 111 consecutive games.

Persons: STORRS, —, Geno Auriemma, Tara VanDerveer, Auriemma, Azzi Fudd, ” VanDerveer, Geno, Chris, ” Auriemma, Paige Bueckers, Chris Dailey’s, Sue Bird, Diana Taurasi, Maya Moore, Napheesa Collier —, Dailey, Duke men’s, Mike Krzyzewski, Rebecca Lobo, Lobo’s, Swin Cash, Ashja Jones, Tamika Williams, Taurasi, Tina Charles, Moore, Stewart, Jared C, Tilton Organizations: — UConn women’s, Huskies, Fairleigh Dickinson, UConn, Naismith, WNBA, Dallas, Gampel, Stanford, VanDerveer, Tennessee, women’s, Getty Locations: Conn, Storrs

☆ McDonald’s has temporarily stopped selling espresso drinks at some US locations
▼ + stars: | 2024-11-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —A machine is giving McDonald’s a headache, and this time it’s not the one that makes ice cream. Melitta, the manufacturer of the $3,000 espresso machine, informed customers of a problem with the equipment, forcing McDonald’s to temporarily decommission them while the issue is resolved. As a result, McDonald’s customers can’t order its espresso-based drinks, including frappés and Americanos. The chain recently launched a spinoff restaurant called CosMc’s that focuses on specialty coffee drinks. “One area of focus has been identifying ways for McDonald’s to participate in attractive and fast-growing categories … we’ve honed in on specialty beverages and coffee,” McDonald’s CEO Chris Kempczinski previously said.

Persons: McDonald’s, Melitta, ”, it’s, Chris Kempczinski Organizations: New, New York CNN, CNN Locations: New York, Atlanta, Dallas, Pittsburgh , New York, Tampa , Florida

☆ Nobel laureate Simon Johnson is skeptical that Trump will be able to follow up on his two biggest campaign promises — here's why
▼ + stars: | 2024-11-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

"I'm skeptical he'll actually do it," Johnson said of Trump's tariff policy. With all of these negative implications, Johnson isn't convinced that Trump's tariffs will be as drastic as they were presented on the campaign trail. Mass deportation is a logistical nightmareTrump's mass deportation plans don't make economic sense to Johnson, either. It's still too early to predict how Trump's policies will pan out, but for now, Johnson is seeing drastic barriers to Trump's tariff and immigration plans. Should Trump go through with his tariff and immigration policies, it'll be up to the American people to judge their efficacy and implementation.

Persons: Donald Trump, Nobel, Simon Johnson doesn't, Johnson, Simon Johnson, Trump, We've, They're, he'll, Jan Hatzius, Goldman Sachs, Johnson isn't, it's, Thomas Homan, That's, It's, they're, it'll Organizations: Massachusetts Institute of Technology, Trump, American Immigration Locations: China, Johnson, Vietnam, Mexico, United States

Limited benefits Insider’s Take The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. Bank of America Travel Rewards Card ReviewCapital One VentureOne Credit Card Pros and ConsAdvantages of the Capital One VentureOne Credit CardThe VentureOne Rewards Card comes with several significant advantages, making it an attractive choice for those seeking a straightforward rewards program. Capital One VentureOne Card Frequently Asked QuestionsWhat makes Capital One VentureOne Credit Card stand out? No, unlike the Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card, the Capital One VentureOne Rewards Credit Card is not metal. Why You Should Trust Us: How We Reviewed the Capital One VentureOne Credit CardOur credit cards team reviewed the VentureOne Rewards Card in comparison to similar no-annual-fee travel credit cards.

Persons: Miles, LifeMiles, Smiles, Red, Wyndham, Chase, rideshares, cardholders, you've, haven't, It's, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read, Angela Fung, Read Organizations: Business, Capital, PayPal, Capital One Entertainment, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Star Alliance, U.S, Chase, Unlimited, Card, Bank of America, The Bank of America, Social, Forbes, CNN, University of California, Banking, Education, The University of California, Finance Locations: Cathay Pacific Asia, Singapore, Europe, Asia, Riverside

☆ 7 key details from Elon Musk and Vivek Ramaswamy's DOGE plan
▼ + stars: | 2024-11-20 | by ( John L. Dorman | Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.

Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia

☆ Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy's playbook
▼ + stars: | 2024-11-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. "This new treasury strategy is a finance strategy and has no impact on our overarching drug development plans." On an X spaces event Tuesday evening, MicroStrategy Chairman and bitcoin evangelist Michael Saylor said he plans to pitch the board of Microsoft in December on his bitcoin treasury strategy. The theme has broadened to the government level this year, with Sen. Cynthia Lummis proposing a national strategic bitcoin reserve this summer. President-elect Trump similarly made mention of a potential national bitcoin stockpile in the same week.

Persons: David P, Luci, MicroStrategy, Donald Trump's, Michael Saylor, Sen, Cynthia Lummis, Trump Organizations: Acurx Pharmaceuticals, Semler, Microsoft Locations: bitcoin

☆ I'm an Iraq War vet who left the US for a life in Europe. I have no regrets.
▼ + stars: | 2024-11-20 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

She said moving to Europe was the best decision for her family and she has no regrets. This as-told-to essay is based on conversations with Michelle B. Dallocchio, an Iraq War veteran of Pacific Islander heritage who left the US for Europe. Moving back to the US is a hard noUltimately, I have no regrets about moving abroad. Michelle Dallocchio has no regrets about moving abroad. For us, moving abroad and ending up in Italy was the right move.

Persons: Michelle B, Dallocchio, honking, Trump, I've, Michelle Dallocchio Organizations: Pacific, US Army, Westin Locations: London, Italy, Iraq, Europe, Las Vegas, LA, Los Angeles, EU, Dallocchio, Florence, Milan, Portugal

☆ Jaguar debuts its new branding in a video — and it's missing one thing: cars. It's getting roasted by some online.
▼ + stars: | 2024-11-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

And some conservative personalities are calling out the company's new video ad for being too "woke." But that "exuberant modernism," particularly in the company's video ad, is being mocked by some people online. AdvertisementJaguar's new video ad features models in colorful, modern clothing, and doesn't show any cars. (Current Jaguar models left in their inventories will be sold as pre-owned, a company spokesperson previously told Business Insider.) Jaguar's new brand strategy was created by its own in-house design team, not an external agency, according to the UK's Creative Review.

Persons: Tesla's Elon, Tesla's Elon Musk, Gerry McGovern, Elon Musk, Musk, India's Tata, Ian Miles Cheong, Nick Freitas, Bud Light, Bud, Kevin Dahlstrom, it's, Martin Brundle, who's, they're Organizations: Jaguar, Rover, India's, India's Tata Motors, Conservative, Republican, Delegates Locations: Miami, EVs, Virginia

☆ Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"

Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, —, Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York

☆ 'The most expensive market of all time': Billionaire investor David Einhorn says it's probably not the best time to buy — but shares 2 stocks he's betting on
▼ + stars: | 2024-11-20 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Einhorn said he's not bearish, but there will likely be better entry points into the market. Add David Einhorn to the list of top Wall Streeters pointing out how expensive the stock market is. Advertisement"This is a really, really, really pricey environment, but it doesn't necessarily make me bearish. Einhorn called this "the most expensive market of all time, as far as I can see, at least since I've been managing." AdvertisementBank of AmericaEinhorn is one of many to highlight stock valuations as a factor likely to impact forward returns.

Persons: David Einhorn, Einhorn, he's, CNH Industrials, it's, I've, Bank of America Einhorn, Goldman Sachs, David Kostin, Rob Arnott, Nelson Peltz, CNH, that's, That's Organizations: Alpha, Delivering Alpha, Capital, Bank of America, Research, Trian Partners, AG

☆ Stocks making the biggest moves midday: Target, Nvidia, AppLovin, Williams-Sonoma and more
▼ + stars: | 2024-11-20 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share and $1.79 billion in revenue. Target — Shares plunged more than 21% after the big-box retailer disappointed on third-quarter earnings and revenue estimates and cut its full-year guidance, just three months after raising that forecast. Target reported only a slight uptick in customer traffic as CEO Brian Cornell noted "lingering softness in discretionary categories." That is better than the $1.57 in earnings per share that analysts were expecting, per FactSet. Dolby earned 61 cents per share in its fiscal fourth quarter, higher than analysts' forecast of 45 cents per share, according to FactSet.

Persons: LSEG, Ford, Piper Sandler, Brian Cornell, Robinhood, Needham, Morgan Stanley, Keysight, Dolby, —, Alex Harring, Brian Evans, Sean Conlon, Yun Li, Michelle Fox Organizations: Sonoma, Ford, U.S, Nvidia, LSEG, —, Air Lines, Delta, Super Micro, BDO, Nasdaq, Dolby, Wall, Qualcomm Locations: Robinhood

Learn moreThe 2024 Billie Jean King Cup comes to an end with a final showdown between Slovakia and Italy. We'll show you where to watch the Billie Jean King Cup final, including global live streaming options. It's a familiar scene for both Slovakia and Italy as they enter the final at the Billie Jean King Cup. Check price at FuboWhere to watch the Billie Jean King Cup in the UKThe Billie Jean King Cup Final airs on the Tennis Channel in the UK, which is streamable through the Tennis Channel website. Where to watch the Billie Jean King Cup in AustraliaBillie Jean King Cup Final coverage will be available through beIN in Australia.

Persons: Billie Jean King, Italy's Jasmine Paolini, Sara Errani, Swiatek, Katarzyna Kawa, Australia Billie Jean King, It's, ExpressVPN Organizations: Business, Billie Jean King Cup, Tennis Channel, DirecTV, Entertainment, Elite, Sports, Fubo Locations: Slovakia, Italy, We'll, Canada, Iga, Poland, Australia, beIN

☆ I moved to France to earn my graduate degree because it was too expensive in the US. It's been the best decision of my life.
▼ + stars: | 2024-11-20 | by ( ) www.businessinsider.com time to read: +4 min

AdvertisementI wanted to go back to school for my master's but didn't want to go into enormous debt. AdvertisementI didn't love my first college experienceI wanted a college do-over. Meredith ShubelI wanted a college do-over but going back to school in the US was not worth the expense, in my opinion. Meredith ShubelAt the time, I knew a friend who was doing her master's in France. I now live in ParisMy experience in France wasn't perfect but it was the right decision.

Persons: Jean Jaurès, —, Meredith Shubel, I've Organizations: Université, VW, Université Toulouse Locations: Université Toulouse, France, Paris, New England, Marseille, Toulouse

☆ Product managers rule Silicon Valley. Not everyone is happy about it.
▼ + stars: | 2024-11-20 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +10 min

Several companies, from Airbnb to Snap, are now reconsidering the utility of product managers entirely, while others claim that the product manager's reign will only expand in the age of AI. Advertisement"The shift in power moved from engineering to product managers," says Hubert Palan, the CEO of Productboard, a company that provides software for product managers. "The product manager is at the center of everything," says Avi Siegel, a former product manager who's working on his own startup, Momentum. Whether their coworkers are happy about it or not, product managers are gaining recognition. "The future really does belong to product managers," says Frank Fusco, a product manager turned CEO of a software company called Silicon Society.

Persons: Elle, Sundar Pichai, Satya Nadella, YouTube's Neal Mohan, Gamble, Hubert Palan, doesn't, Avi Siegel, who's, Aaron, he's, ZipRecruiter, Zippia, I've, they're, Palan, Meg Watson, Watson, Brian Chesky, Paul Graham —, Frank Fusco, Fusco Organizations: LinkedIn, Procter, Hewlett, Packard, Microsoft, Apple, Google, Companies, Big Tech, Carnegie Mellon University, . News, McKinsey, Software, Spotify, Chesky, Silicon Society

☆ Trump’s Commerce secretary pick backas a crypto company that can’t seem to stay out of trouble
▼ + stars: | 2024-11-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.

Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, “, Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, —, didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, ” Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin

☆ Indian international students in the US outnumber Chinese for the first time in 15 years
▼ + stars: | 2024-11-20 | by ( Jessie Yeung | ) edition.cnn.com time to read: +10 min

A changing ChinaIt was a different world in the late 2000s and early 2010s, when Chinese students first began surging overseas. In 2020, the US revoked visas for more than 1,000 Chinese students and researchers deemed security risks. In January this year, Chinese foreign ministry spokesperson Wang Wenbin said in a briefing that “dozens of Chinese nationals, including international students, have been forcibly deported by the US each month.” He decried it as “discriminatory,” urging the US to protect the rights of Chinese students abroad. The Covid yearsThe number of Chinese students in the US plunged during the pandemic and hasn’t rebounded since. “Since the economic sanctions and tech restrictions started in 2018, many (Chinese) students have been sent back home,” one user wrote on Weibo.

Persons: “, ”, Mallie Prytherch, ‘, ’, Donald Trump’s, ” Prytherch, Trump, Prytherch, Joe Biden, Wang Wenbin, Li Jing, hasn’t, Mirka Martel, Steven Hon, didn’t, Hon, Marianne Craven, they’ve Organizations: Hong Kong CNN, Education consultancies, State Department, of International Education, University of Hong Kong’s, Contemporary, Beijing, World Trade Organization, Games, America, Fulbright, Trump, Tsinghua University, CNN, Institute of International Education, Education, –, Ivy League Locations: Hong Kong, United States, China, India, America, Contemporary China, “, Beijing, cybersecurity, Macau, Weibo, Canada, Australia, American

☆ Archegos' Bill Hwang sentenced to 18 years in prison for massive U.S. fraud
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +2 min

Former billionaire investor Sung Kook "Bill" Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation. Before sentencing Hwang, Hellerstein asked the defendant's lawyer, Dani James, how she thought Hwang compared to Sam Bankman-Fried, who was sentenced in March to 25 years in prison for stealing $8 billion from users of the now-bankrupt FTX exchange. Hwang had asked for no prison, forfeiture or restitution, and to remain free on bail while he appealed his conviction. James said his low risk of committing more crimes meant a lengthy prison term served no purpose.

Persons: Sung Kook, Bill, Hwang, Alvin Hellerstein, Archegos, Hwang —, Andrew Thomas, Hellerstein, Dani James, Sam Bankman, Fried, James, it's Organizations: Archegos Capital Management, United States, Court, U.S Locations: Manhattan, New York City, U.S

☆ Selena Gomez says she has to trick her way into auditions when casting refuses to consider her for certain roles
▼ + stars: | 2024-11-20 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

AdvertisementSelena Gomez said she has a "tactic" for getting into auditions if casting directors don't think she's a fit. The actor told THR that she doesn't tell them in advance that she's auditioning. Gomez said this has been "the biggest challenge that I've faced as an actor." In other instances, she's told that they're interested in hiring a lesser-known actor — but end up casting someone notable. Gomez said this has been "the biggest challenge that I've faced as an actor," but she's found other workarounds for getting into auditions.

Persons: Selena Gomez, Gomez, I've, she's, they're, —, I'm, they'll, Paul Rudd, Dot, Annette Brown, Netflix Gomez, Barney, Alex Russo, Patrick Harbron, Emilia Pérez Organizations: Disney Channel, Hollywood, Netflix, Disney, Wizards Locations: Waverly, Hulu

☆ North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king
▼ + stars: | 2024-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementNorth Korea appears to have transferred different types of artillery systems to Russia. The development comes as North Korean troops are fighting against Ukraine on behalf of Russia. North Korea appears to have sent its big guns to Russia, furthering its support of Moscow's grinding war against Ukraine, a conflict in which artillery has been a dominant player. AdvertisementImages began to surface on social media last week showing what were identified as North Korean "Koksan" 170mm self-propelled howitzers traveling by rail across Russia. North Korea now shipping artillery systems to Russia — this in addition to shells, men, and missiles it is already sending.

Persons: Kasapoğlu, ZHBemaVVXM, 3lOtCi13TO — Oliver Carroll, Chung Sung, it's, Joe Biden Organizations: Ukraine, Western, Hudson Institute, Korean, Center for Strategic, Studies ' Missile, Artillery Rocket Systems, US Defense Intelligence Agency, DIA, Getty, Artillery, North Korean, Kyiv's, NATO Locations: Korea, Russia, South Korea, North Korea, Ukraine, Korean, Pyongyang, Kyiv, Moscow, Seoul, Kursk

☆ China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
▼ + stars: | 2024-11-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

China's central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its recent stimulus measures. The People's Bank of China said it would keep the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%. The 1-year LPR affects corporate and most household loans in China, while the 5-year LPR acts as a benchmark for mortgage rates. Only retail sales beat expectations, with a 4.8% year-on-year increase, indicating that recent stimulus had started seeping into certain sectors of the economy. Goldman, however, maintained "overweight" stance on China equities, forecasting a 13% upside to the benchmark CSI 300 index next year.

Persons: Bruce Pang, Pang, Pan Gongsheng, Morgan Stanley, Goldman Sachs, Goldman, Donald Trump's Organizations: People's Bank of China, People's Bank of, Reuters, Ministry of Finance Locations: Beijing, China's, People's Bank of China, China, JLL

☆ US admiral says sending Israel and Ukraine weapons like Patriot missiles is eating into what's needed for countering China
▼ + stars: | 2024-11-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

"It's now eating into stocks," he said on Tuesday of advanced weapon shipments to Ukraine and Israel. The US Navy's top commander in the Indo-Pacific raised concerns on Tuesday that the Pentagon's advanced weapons shipments to Ukraine and Israel could sap the strength it needs to deal with China. While speaking at the Brookings Institution, Adm. Samuel Paparo said he initially hadn't been concerned with the weapons sent to the Middle East and Europe. Adm. John Aquilino, Paparo's predecessor at Indopacific Command, said in March that China could be ready to invade Taiwan as early as 2027. AdvertisementPress teams for the Pentagon and Indo-Pacific Command did not respond to requests for comment sent outside regular business hours by Business Insider.

Persons: Sam Paparo, Paparo, Samuel Paparo, hadn't, who's, it's, John Aquilino, Mike Miniham Organizations: Pentagon, US, Brookings Institution, Pacific Command, Patriots, Israel, Indopacific Command, US Air Force, Press, Business Locations: China, Ukraine, Israel, East, Europe, Kyiv, People's Republic of China, Russia, Taiwan, Beijing

☆ Rafael Nadal says he doesn't want to retire from tennis — it's his body that 'doesn't want to play anymore'
▼ + stars: | 2024-11-20 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

AdvertisementRafael Nadal announced that his 20-year career in professional tennis has come to a close. The 22-time Grand Slam champion lost 6-4, 6-4 to Team Netherlands at the Davis Cup. Rafael Nadal has confirmed his plan to officially retire from professional tennis. His two-decade career came to a close following his 6-4, 6-4 loss to Botic van de Zandschulp, from the Netherlands, at the Davis Cup on Tuesday. "I'm not tired of playing tennis, but it's my body that doesn't want to play anymore, so I have to accept the situation."

Persons: Rafael Nadal, Botic van de Zandschulp, Pelé, I'm, Nadal, Mary Carillo, Tom Brady, Mike Tyson, Chris Mott, he's, Chris Andrews Organizations: Team Netherlands, Davis, Nadal, Peabody, Buccaneers, Business Insider Locations: Netherlands

Acting Secret Service Director Ronald Rowe, meanwhile, was unsuccessful in trying to set up a meeting with Trump this week. Bongino spent more than a decade in the Secret Service and individuals who worked with him praised him as a stellar agent. Engel told the committee he did not recall the conversation described by Hutchinson and said he didn’t recall Trump gesturing toward him. Ornato also told the committee he didn’t recall the story happening or telling it to Hutchinson. Ornato told Trump’s transition team he was not interested in the role of Secret Service director, a source familiar with the discussions told CNN.

Persons: Donald Trump, Podcaster Dan Bongino, Sean Curran, Ronald Rowe, Robert Engel, Trump, Rowe, Kimberly Cheatle’s, Bongino, hadn’t, Matt Gaetz, Curran, Engel, Tony Ornato, Cassidy Hutchinson, Ornato, Hutchinson Organizations: CNN, Service, Trump, Congress, Department of Homeland Security, Secret Service, Justice Department, White Locations: Pennsylvania

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