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☆ The fate of a single investor who nearly tanked the market is now in the hands of a New York jury
▼ + stars: | 2024-07-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —In lower Manhattan, a jury is now weighing a case against a little-known investor who made it big, lost everything, and briefly brought Wall Street to its knees. His positions were so large that when the stocks started falling, it had a seismic effect on the market. And on Tuesday, after a two-month trial in New York federal court, the case was handed over to a jury that will decide their fate. Before Archegos, market watchers knew unregulated family offices were a problem, and they knew that swaps going unreported was a problem. “Fifteen years after the global financial crash, we still have gross under-regulation of non-banks, and we have Wall Street megabanks engaged in high-risk activities that aren’t properly regulated,” Kelleher told me.

Persons: CNN Business ’, Bill Hwang, Wall, Bill Hwang’s, Hwang, Patrick Halligan, Halligan, Josh Naftalis, ”, Naftalis, Goldman Sachs, Morgan Stanley, Dennis Kelleher, Wang, there’s, megabanks, ” Kelleher, “ Organizations: CNN Business, New York CNN, Warner Bros, Prosecutors, Bloomberg, Southern, of, Pallas Partners Locations: New York, Manhattan, of New York

☆ China EV maker BYD to build $1 billion plant in Turkey
▼ + stars: | 2024-07-09 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China’s BYD, which vies with Tesla for the title of the world’s top maker of battery electric vehicles, has agreed to build a $1 billion car factory in Turkey, the Turkish government has announced. “We aim to meet the growing demand for new-energy vehicles in the region and reach consumers in Europe,” the statement cited BYD representatives as saying. The EU’s decision earlier this year imposed an extra 17.4% tariff on the vehicles BYD ships from China to the bloc, which also has a standard 10% duty on all car imports. Talks between the EU and China are expected to continue but, if no agreement is reached, the additional tariffs will become definitive in November. BYD already announced in December that it would build an EV factory in EU member Hungary, becoming the first major Chinese automaker to build passenger cars in Europe.

Persons: China’s, Tesla, Wang Chuanfu, Mehmet Fatih Kaci, Recep Tayyip Erdogan, BYD, hasn’t Organizations: Hong Kong CNN, Turkey’s Industry, Technology, European Union, EU, CNN Locations: Hong Kong, Turkey, Istanbul, Europe, China, Hungary

☆ Jiang Ping: Rural Chinese student sparks awe and suspicion after beating math elites in global contest
▼ + stars: | 2024-07-08 | by ( Yuxuan Jiang | Joyce Jiang | ) edition.cnn.com time to read: +8 min

Launched in 2018 by Chinese e-commerce behemoth Alibaba, the free online contest is open to math enthusiasts worldwide, though Chinese math majors typically dominate the top places. She was later trained by math teacher Wang Runqiu at Lianshu Secondary Vocational School, where she studies fashion design. Social stigma for vocational studentsAmong the cacophony of commentary, some suspect the harsh public scrutiny of Jiang is rooted in social prejudice against vocational students. But structural discrimination in China’s schools, universities and workplaces means society still favors academic degrees over trades. Jiang considers math her “Plan B,” prioritizing fashion design for future study, according to The Beijing News.

Persons: Jiang Ping, Alibaba, –, Wang Runqiu, Wang, Jiang, Richard Xu, China’s, Yin Wotao, ”, Yin, there’s, “, Zhao Yong, ” China’s, Einstein, Zhao Organizations: Hong Kong CNN, Harvard, Oxford, MIT –, DAMO Academy, Xinhua, Secondary Vocational School, Weibo, Harvard Business School, CNN, University of Kansas, Beijing, Communist Party, Zhejiang University Locations: Hong Kong, China, China’s Jiangsu, Xinhua, Lianshui, Beijing, Hangzhou, Jiangsu, Germany, Finland

☆ Wimbledon day 8: Will Rybakina break cycle? Did we see the most chaotic match-up?
▼ + stars: | 2024-07-08 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +20 min

Follow live coverage of Wimbledon 2024Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. On day eight of Wimbledon 2024, Elena Rybakina stepped up to her new billing, the ATP made a germy decision, and there was chaos on Court One. Elena Rybakina is one of three players left in the women’s field who has won a Grand Slam title before. Rybakina plays with a big serve and with flat power that keeps her ball low. More importantly, do we too often discount the data point of winning a tournament on grass the week before Wimbledon?

Persons: Elena Rybakina, Rybakina, Julian Finney, ”, Anna Kalinskaya, “, Elina Svitolina, She’s, Jelena Ostapenko, Barbora, Krejcikova, It’s, “ it’s, ” Matt Futterman, Yulia Putintseva, Ostapenko, Putintseva’s, Putintseva, 😂😂, ould, Fritz, ryo, aylor Fritz, Finney, Getty, bea, Rafael Nadal,, ” “Th, is ano, bec, hird, D., 🇪, 🇦 L., 🇸 A., Alves (Q, 🇹, B., Marte, J, Choi, 🇵, Nishiok, Goff, iva, J., 🇸 R., 🇷 L., 🇸 J., rin, Safi, T omlj, R, 🇸 R. M, Gade, 🇧 H., Tom o, 🇸 M., Zhan, 🇸, 🇳, Wang, 🇧, 🇦 28 D. Y, Bouzas, Su, D. Y, 🇷, ina, vito Organizations: Wimbledon, ATP, All England, Getty, WTA Tour, rte, acc, 🇨🇱, 🇬, 🇷, avon, 🇸, ritz, 🇺, ub, 🇧, (Q), 🇴 I. Begu, 🇴, Collins, Saville, Keys, uc Locations: Wimbledon, Ukraine, French

☆ Elina Svitolina wears Wimbledon black ribbon for Ukraine after missile strikes
▼ + stars: | 2024-07-08 | by ( James Hansen | Charlie Eccleshare | ) www.nytimes.com time to read: +4 min

This story has been updated to reflect Elina Svitolina’s comments in her post-match press conference at Wimbledon. WIMBLEDON — Elina Svitolina wore a black ribbon during her Wimbledon last-16 match against Wang Xiyu, after Russian missile strikes killed and injured more than 100 Ukrainians across the country this morning. “It’s a very difficult day today for Ukrainian people,” she said, before beginning to cry. Her foundation, established in 2019, has brought over 1000 young Ukrainian players into tennis coaching. When asked whether she would shake her hand at this match, Svitolina said “she changed her nationality, so it means she doesn’t want to represent her original country, so it works.”(Andrej Isakovic/AFP via Getty Images)

Persons: Elina Svitolina’s, WIMBLEDON — Elina Svitolina, Wang Xiyu, ” Svitolina, “, ”, Okhmatdyt, Volodymyr Zelenskyy, Svitolina, Yastremska, Varvara Gracheva, Elena Rybakina, Rybakina, Andrej Isakovic Organizations: Wimbledon, WIMBLEDON, Russian, ”, Okhmatdyt Children’s, —, All England Club, England Club, Belarusian tennis, ATP, WTA, Kazakhstan tennis, Getty Locations: England, Ukraine, Kyiv, Belarusian, Russian, France, Moscow, Kazakhstan, AFP

☆ For Some Young Couples, Saving on Rent Means Moving in Together Early
▼ + stars: | 2024-07-07 | by ( Melissa Rohman | ) www.nytimes.com time to read: +1 min

For Caroline Li and Colin Wang, moving in together after dating for eight months was a matter of serendipity and urgency. Last fall, Mr. Wang, 28, was completing his final year of medical school at the University of California, Los Angeles, when he learned that the two-bedroom apartment he shared with one roommate had a mold infestation. He had to move out immediately, but had trouble finding new housing. At the same time, Ms. Li, 24, a registered nurse, learned that one of her two roommates was moving out of their $5,000-a-month, three-bedroom apartment near Santa Monica, Calif., in the middle of their lease. Ms. Li and Mr. Wang realized that they could resolve both of their issues by having Mr. Wang move in with Ms. Li and her roommate.

Persons: Caroline Li, Colin Wang, Wang, ”, Li Organizations: University of California Locations: Los Angeles, Santa Monica, Calif

☆ Wimbledon recap day 7: Carlos Alcaraz’s highlight reel and Lulu Sun’s story
▼ + stars: | 2024-07-07 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +19 min

Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. On day seven of Wimbledon 2024, Carlos Alcaraz showed off his tennis diet, Lulu Sun kept building her story, and Daniil Medvedev set up a rematch. To really feel good on a tennis court, Carlos Alcaraz needs to play points that get the crowd off their seats. He lost the third set 6-1 and went on a run of losing four service games in a row. Even in an international sport like tennis, Wimbledon quarterfinalist Lulu Sun has quite some heritage.

Persons: Carlos Alcaraz, Lulu Sun, Daniil Medvedev, Ugo Humbert, Alcaraz, Humbert, Spaniard, Tommy Paul, — Charlie Eccleshare, Emma Raducanu, Sun, She’s, Julian Finney, Donna Vekic, Zhu Lin, Charlie Eccleshare Will Daniil Medvedev, Jannik, hadn’t, We’ll, Sinner, Medvedev, Adam Pretty, Grigor Dimitrov, Ben Shelton, he’ll, — Charlie Eccleshare Will Jasmine Paolini’s, Keys, Rob Newell, Camerasport, Paolini, Emma Navarro, — James Hansen, Paula Badosa’s, 🇷 F., Paul, 🇸 P., 🇪, 🇷 M., 7 🇦🇷 F, Dani e, C. O, A. T, 🇸 J. Muna, Du, L. N, J, 🇵 Y, Cobo, Mun, i tz 🇩, 🇧 F. J, Ker, B., C. Tau, Carl e, 🇸, Fernandez, 🇳 10 O. J, Golub, Boult e r 7 7 🇩, Mari, 🇴, eva, 🇷, 🇿 26, 🇷 16 E. J, Maia, 🇿, Wang, 🇧 E. R, ina, LL, odon, K, M., D., 🇸 19 E., Coll, Ry Organizations: Wimbledon, Getty, Madison Keys, Shelton, 🇬, Monfils, rgs, Walton, 🇰, 🇺, 🇸, Alcaraz 6, 🇷, 🇱 A. Rus, Navarro Locations: —, Croatian, New Zealand, Switzerland, Devon, Melbourne

☆ Soaring U.S. stocks make China’s market look worse than it is. Names to watch
▼ + stars: | 2024-07-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. But a look at first-half performance shows that many China stocks still rose by double-digits, including a few artificial intelligence plays. Zhongji Innolight Ranking third in CSI 300 performance in the first half was Zhongji Innolight, which climbed 70%. Nomura rates Zhongji Innolight a buy and its analysts met with the optical communication company in late June. The broad mainland China stock market, measured in Class A shares, has underperformed over the past two years, said Wanda Wang, a research manager at Morningstar.

Persons: BofA, Nomura, Wanda Wang, That's, Invesco's, — CNBC's Michael Bloom Organizations: Nvidia, CSI, Apple, Foxconn, Bank of America Securities, Industrial, FII, Avary Holding, Avary, Chartered Bank, HSBC, JPMorgan, Nomura, Nasdaq, U.S, Morningstar, Capital, Shenzhen Stock Exchange Locations: China, Shanghai, Shenzhen, Avary Holding Shenzhen, Hong Kong

☆ A Mark of Shame for 900 Years. Until Now?
▼ + stars: | 2024-07-06 | by ( Mattathias Schwartz | ) www.nytimes.com time to read: +1 min

The question now is whether the label will actually tarnish Mr. Trump, as it has so many people over the centuries. President Biden seems to be betting that it will. But in a sense, its power derives from its elastic boundaries: Unlike specific crimes, which hinge on the defendant’s behavior, the felony category is defined only by its punishments. “We don’t have a positive definition,” said Elise Wang, a historian who has traced the word’s origins back to medieval literature. “We only have a tautology.”

Persons: Clarence Thomas, Donald J, Trump, Biden, ”, Trump “, who’s, “, Elise Wang Organizations: Biden Locations: Manhattan

☆ India and China to 'redouble' efforts for resolving border issues 'at the earliest'
▼ + stars: | 2024-07-05 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Armoured vehicles of the Indian army at a military camp in Eastern Ladakh on May 19, 2024. India and China have agreed to intensify efforts aimed at resolving their longstanding border issues, according to a statement by India's external affairs ministry. The Asian giants have been at loggerheads on the border issue for several decades. India and China share a 3,500 kilometer Himalayan border. Earlier this year, the U.S. had weighed in on the India-China border issue, drawing a sharp response from Beijing.

Persons: Wang Yi, Jaishankar, Wang Organizations: China's, Shanghai Cooperation Organization Locations: Eastern Ladakh, India, China, Astana, Kazakhstan, loggerheads, Ladakh, Beijing, U.S

☆ China's BYD opens EV factory in Thailand, first in Southeast Asia
▼ + stars: | 2024-07-04 | by ( ) www.cnbc.com time to read: +2 min

China's BYD opens its first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market, in Rayong, Thailand, July 4, 2024. China's BYD opened an electric vehicle plant in Thailand on Thursday, the automaker's first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player. "Thailand has a clear EV vision and is entering a new era of auto manufacturing," BYD CEO and President Wang Chuanfu said at the opening ceremony. The BYD plant is part of a wave of investment worth more than $1.44 billion from Chinese EV makers who are setting up factories in Thailand, helped by government subsidies and tax incentives. Other EV rivals in the local market include Great Wall Motor, which also has a production facility in Thailand, and U.S. automaker Tesla.

Persons: China's BYD, Wang Chuanfu, Narit Therdsteerasukdi, Liu Xueliang, Tesla Organizations: EV, HK, Toyota Motor, Honda Motor Co, Isuzu Motors, ASEAN, Thailand's, of Investment, European, BYD's, BYD's Asia Pacific, BYD, U.S Locations: Southeast Asia, Rayong, Thailand, China, Hong Kong, BYD, Hungary, BYD's China, BYD's Asia

☆ China PMI: No end in sight for uneven economic story
▼ + stars: | 2024-07-01 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Factory activity among China’s private firms expanded at the fastest pace in three years, a private gauge showed Monday, suggesting healthier domestic and international demand for Chinese goods. The Caixin manufacturing Purchasing Managers’ Index (PMI) rose to 51.8 in June, up from 51.7 in May, according to a statement from S&P Global, which compiled the survey. The Caixin survey covers more export-oriented and consumer-related companies. The official PMI, however, is tilted more towards manufacturers that produce industrial materials — including steel, cement, and chemical — making them more vulnerable to a slowdown in fixed-asset investments. Analysts believe that the current data reflects an economic reality characterised by strong exports and consumption, but softer investment.

Persons: Goldman Sachs, ”, Wang Zhe, ” Wang Organizations: Hong Kong CNN — Factory, P, National Bureau of Statistics, PMI, Caixin Insight, European Union, EU Locations: Hong Kong, Siyang County, Suqian City, Jiangsu, China, European, United States

☆ Wimbledon recap day one: Coco Gauff joined by lucky losers in women’s draw, Tiafoe rises
▼ + stars: | 2024-07-01 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +15 min

Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. For world No 2 Coco Gauff, the draw at this year’s Wimbledon has been more than kind: It’s been positively loving. There are no Wimbledon champions in this half of the draw, but there is still a four-time slam winner. (Glyn Kirk / AFP via Getty Images)Can Frances Tiafoe make this the first day of the rest of his tennis life? Tiafoe came back from two sets down for the first time in his career, winning 6-7(5), 2-6, 6-1, 6-3, 6-3.

Persons: Casper Ruud, Aryna Sabalenka, Frances Tiafoe, Casper Ruud’s, Ruud, Alexander Zverev, Alex Bolt, Henry Nicholls, I’m, ”, Swiatek, you’ve, Coco Gauff, Victoria, Zheng, Lulu Sun, Mirra, —, Brenda Fruhvirtova, Jasmine Paolini, Maria Sakkari, Gauff, Caroline Dolehide, Naomi Osaka, Diane Parry, Glyn Kirk, Tiafoe, Mateo Arnaldi, ” Tiafoe, He’s, Roland Garros, craves, Borna Coric, — Carlos Alcaraz, Ben Stansall, Erika Andreeva, Britain’s Sonay Kartal, Aryna, Linda, Erika, Donna Vekic, rika, ade, ound, hird, Ber, G, 🇦🇷 18 S. Baez, 🇿 J., Kor, Borge, Dan, 🇪 E., Diaz, Hurkacz 🇲🇩 R, 🇸 J., . Ju, Kar, J, Fearnley, 🇹 1, Nakashima 🇦 🇺 J., F. J, 🇷 P., eva 🇩🇪, 🇦, A. Pot, Colli, 🇸, . Wozniacki, Bro, Fer, U vardy, Tomova 🇺 🇸, 🇴, K, 🇿 K., Yastrems, 🇷, Wang, 🇹, Danilo, eva, 🇯, Nava Organizations: Wimbledon, London, Getty, Tennis, Victoria Azarenka, U.S, 🇬, Monfils, ritz, emi, eni, Sta Locations: Wimbledon, Halle, Germany, Queen’s, London, Norway, Swiatek’s, Italy, AFP, Roehampton, Russian, Croatia, novi, Bou, Ste

☆ Warren Buffett's Berkshire Hathaway raked in billions from BYD, the China EV maker Munger called a 'damn miracle'
▼ + stars: | 2024-06-30 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Sixteen years ago, Warren Buffett's Berkshire Hathaway unveiled a $230 million investment in Chinese electric vehicle startup BYD , sparking questions about the conglomerate's unusual foray into early-stage technology. Lately, Berkshire has been selling down the position, ringing the register after earning billions of dollars during its hyper-growth phase. Berkshire trimmed its BYD stake to 5.99% as of June 19 from 7% just a few days earlier , according to a Hong Kong Stock Exchange filing . It has since become the top car brand in China, as well as a major producer of EV batteries. "From a standing start at zero and with very little capital, he rapidly was able to create the best-selling single model in China," Munger said.

Persons: Warren Buffett's Berkshire Hathaway, Charlie Munger, —, Munger, Wang Chuanfu, he's, Buffett, Thomas Edison, Bill Gates, BYD, Tesla, Li Lu Organizations: Hong Kong Stock Exchange, Oracle, EV, Elon, Seattle, Capital, Berkshire Locations: China, Berkshire, Munger, Omaha, Shenzhen, Hong Kong

☆ A new era of smartphone wars is about to begin
▼ + stars: | 2024-06-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Competition may have died down but the original smartphone wars were so intense for Steve Jobs he once declared that he'd start a "thermonuclear war." Smartphone wars in the AI eraThe smartphone market has been lagging. The company will be banking on Apple Intelligence being a hit with consumers, potentially revitalizing sales in markets like China. Samsung Galaxy S24 lineup. SamsungThe South Korean tech giant must be hoping to regain its crown as king of the smartphone market.

Persons: —, Steve Jobs, Jobs, Walter Isaacson, Justin Sullivan, Assurant, Tim Cook, Siri, Apple, OpenAI, iPhones, Wang Gang, it's Organizations: Service, Apple, Samsung, Business, Android, Google, Samsung Galaxy, Samsung's, Apple Intelligence, Worldwide, Huawei, Project Astra, Galaxy, South, IDC Locations: China, Paris

☆ Embattled Alzheimer’s Researcher Is Charged With Fraud
▼ + stars: | 2024-06-28 | by ( Apoorva Mandavilli | More About Apoorva Mandavilli | ) www.nytimes.com time to read: 1 min

A scientist whose research has been at the center of controversy over an Alzheimer’s drug candidate has been charged with fraud. Dr. Wang’s studies underpinned research into a diagnostic test for Alzheimer’s disease and simufilam, a drug in advanced clinical trials. Simufilam’s manufacturer, Cassava Sciences, a pharmaceutical company based in Texas, has said the drug improves cognition in Alzheimer’s patients. Alzheimer’s disease affects roughly six million Americans — a number that is expected to double by 2050 — and promising treatments generate tremendous excitement. Cassava’s stock soared after each round of reported results from its trials.

Persons: Hoau, Yan Wang, — Organizations: City College of New, National Institutes of Health, Sciences Locations: City College of New York, Texas

☆ This smiling robot has a face covered in ‘living’ skin
▼ + stars: | 2024-06-28 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

While it might look like the stuff of nightmares, this tiny robot covered in living skin could mark a step forward in the quest to make robots more human-like. It’s the work of researchers in Japan, who say they have discovered a new way to bind living skin tissue to a mechanical robotic surface. Previously, he developed a “living” robot skin — using collagen, a fibrous protein in human skin, and human dermal fibroblasts, the main cell type in connective tissue — that could be applied to a robotic finger and bend without breaking. The new method uses V-shaped holes on the robot's surface to attach the living skin securely. However, ensuring the consistency and quality of the living skin might not be so easy, says Takeuchi.

Persons: Shoji Takeuchi, ”, Takeuchi, Takeuchi isn’t, Will Jackson, ” Jackson, Hanson Robotics ’ Sophia, Grace, Yifan Wang, Wang, ” Takeuchi, Wang — Organizations: CNN, Institute of Industrial Science, University of Tokyo, Engineered Arts Ltd, Hanson Robotics ’, Nanyang Technological University, Singapore, The University of Tokyo Locations: Japan

☆ I was rejected from Google 7 times. Here's what I changed to finally land my dream job.
▼ + stars: | 2024-06-28 | by ( Qingyue Annie | ) www.businessinsider.com time to read: +9 min

Read previewMy journey to finally landing a job at Google was an emotional roller coaster. Looking up at the stars on my walk home, I'd remember why I was working for my goal, grit my teeth, and do one more round of practice. My final attemptWhile I valued my experience at Amazon, Google still felt like an elusive dream to me. Qingyue(Annie) WangI have the job of my dreamsIt's been two years since I got the news that I'd finally landed a job at my dream company. I'm grateful to have had the opportunity to finally experience Google's culture and even become an internal career coach to support other Googlers in their career growth.

Persons: —, I'd, hadn't, they'd, Annie, Wang I, It's, Qingyue, Wang Organizations: Service, Google, Business, Apple

The debate between Donald J. Trump and President Biden had analysts in Asia fretting. During Thursday night’s debate, President Biden told former President Donald J. Trump that the United States is the “envy of the world.”After watching their performance, many of America’s friends might beg to differ. In Europe and Asia, the back-and-forth between the blustering Mr. Trump and the faltering Mr. Biden set analysts fretting — and not just about who might win the election in November. Image Mr. Biden leaving the debate stage. Kasit Piromya, Thailand’s foreign minister from 2008 to 2011 and a former ambassador to the United States, lamented the state of American politics.

Persons: Donald J, Trump, Biden, ”, fretting —, ” Simon Canning, ” Sergey Radchenko, Vladimir Putin, Xi Jinping, “, Putin, “ I’ve, Mr, Kenny Holston, François Heisbourg, Trump’s, “ I’m, Heisbourg, Radoslaw Sikorski, Marcus Aurelius, Commodus, Sikorski, Joe Biden’s, Donald Trump, Joe Biden, Daniela Schwarzer, Bogdan Butkevych, “ Trump, Chan Heng Chee, Ms, Chan, Lee Byong, ’ ”, Koichi Nakano, Haiyun Jiang, Narendra Modi, Tara Kartha, —, Shen Dingli, don’t, Kasit, Damien Cave, Lee Wee, Choe Sang, Vivian Wang, Camille Elemia, Mujib Mashal, Ségolène Le Stradic, Marc Santora Organizations: Johns Hopkins School, International Studies, —, Mr, Russia, New York Times, Trump, Bertelsmann Foundation, Washington , D.C, Credit, Kremlin, Kyiv Independent, Biden unnerves, Institute for Far Eastern, Kyungnam University, Sophia University, The New York Times, Washington, National Security Council of, ”, Weibo Locations: Asia, Australian, United States, Europe, Australia, Washington, Russia, China, North Korea, Ukraine, Lebanon, Iran, Israel, Japan, South Korea, Gaza, Jerusalem, France, Washington ,, American, Ukrainian, North, Seoul, “, United, Tokyo, The New York Times India, National Security Council of India, New Delhi, Beijing, India, Communist, Shanghai, U.S, Southeast Asia

☆ 6 signs you'll be a 'late bloomer' in your career — and how to set yourself up for a strong second act
▼ + stars: | 2024-06-27 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

AdvertisementHe said there's no universal age that makes someone a late bloomer. Instead, he defines late bloomers as "people who start doing incredible things after the point when no one expects it." Sometimes, late bloomers would find a way to use their talents in new ways. "We're always keen to compare the late bloomer with the early bloomer," he said. "But I would compare the late bloomer with the person who dies without doing their thing."

Persons: —, Henry Oliver, Jay, Vera Wang, Malcolm X, Margaret Thatcher, Oliver, Margaret Thatcher's, Frank Lloyd Wright, Katharine Graham, Samuel Johnson, bloomers, wasn't, Matthew Stockman, I'm, Audrey Sutherland, She'd, Angelou, Jack Sotomayor, you've, James Baldwin, everything's, it's, Katharine Graham's, Robert R, McElroy, stabler, We're, bloomer Organizations: Service, Business, Washington, Getty, Washington Post Locations: bloomer, Alaska, California, New York

☆ Nvidia bounces back strongly after $500 billion decline
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia bounces back strongly after $500 billion declineTony Wang, T. Rowe Price portfolio manager, joins CNBC's 'Squawk Box' to discuss Nvidia, tech spending, and more.

Persons: Tony Wang, Rowe Price Organizations: Nvidia

☆ China’s Anguished Debate: Do Its Children Have a Crime Problem?
▼ + stars: | 2024-06-26 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

The boy who the police say killed Xinyue was 13 years old at the time. As his trial opens on Wednesday, it will try to answer a question gripping Chinese society: How should China deal with young children accused of heinous crimes? Countries around the world have long struggled to balance punishment and forgiveness for children. But the debate is especially notable in China, where a history of relative leniency toward young offenders stands in stark contrast to the limited rights of adult criminal defendants. For decades, the government has emphasized educating and rehabilitating juvenile offenders, rather than imprisoning them.

Persons: Gong Junli, Xinyue Locations: China

☆ Nvidia has shed $431 billion in market cap in just 4 days after briefly becoming the world's most valuable company
▼ + stars: | 2024-06-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock has plunged 16% in the past week, erasing $431 billion in market value. AdvertisementNvidia stock has suffered a painful four-day decline that has erased $431 billion in market value. The AI tech giant, which was the world's most valuable company just last week, is now worth $2.9 trillion, making it once again the third largest company behind Microsoft and Apple. AdvertisementAltogether, Nvidia stock is down 16% from its record high. "The surge in Nvidia share price has been so remarkable throughout 2024 that most investors are still in the black.

Persons: —, Jensen Huang, Neil Roarty, Huang, Ray, Wang, Vivek Arya Organizations: Service, Nvidia, Microsoft, Apple, SEC, Constellation, CNBC, Bank of America

☆ Nvidia slides 13% in three days after briefly becoming most valuable company
▼ + stars: | 2024-06-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Since briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak. Nvidia's decline brought with it a slide in chipmakers and other tech companies that have been tied to the artificial intelligence boom. Super Micro Computer , which sells servers packed with Nvidia's AI chips, slid 8.7 percent, and Dell , which competes in that market, fell 5.2%. Last week, it topped Apple and Microsoft as the most valuable U.S. company with a market capitalization over $3 trillion before giving up some of those gains. Later this year, Nvidia will start shipping its next-generation AI chips, called Blackwell, that some analysts say could kick off another cycle with significant growth for the chipmaker and its partners.

Persons: it's, Stephanie Link, Blackwell, Ray Wang Organizations: Nvidia, Micro Computer, Dell, Qualcomm, Broadcom, Apple, Microsoft, CNBC, Google, Oracle, Meta, Constellation Research Locations: U.S

At least 47 people have died in southern China’s Guangdong Province after torrential rains set off flooding and landslides, according to the Chinese authorities. The city of Meizhou, home to about 3.8 million people, began experiencing “once-in-a-century” rainfall last week, according to state media. Initially, officials reported that nine people in Meizhou had died. But on Friday afternoon, the death toll leaped dramatically, as officials reported an additional 38 deaths in Pingyuan, a county under Meizhou’s jurisdiction. More than 100,000 people were evacuated, state media said.

Persons: “, Meizhou Locations: China’s Guangdong Province, Meizhou, Pingyuan

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