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☆ Dollar winds down after volatile week, China NPC in focus
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: +4 min

The dollar further unwound some of its sharp gains from earlier in the week as traders closed out profitable bets on a Trump presidency after his election victory. That helped lift sterling back toward the $1.30 mark, while the yen similarly got some respite and hovered closer to the 153 per dollar level. Sterling last traded $1.2983, recovering from its fall to a roughly three-month low earlier in the week. Against a basket of currencies, the dollar ticked up 0.03% to 104.44, on track to gain just above 0.1% for the week. "All eyes are on what may emerge from China's policy toolkit after the conclusion of the NPC standing committee meeting."

Persons: Donald Trump's, Chancellor Olaf Scholz, Kerry Craig, Trump, Wells, Jay Bryson, Sterling, David Chao Organizations: White, National People's Congress, Trump, Federal Reserve, Morgan Asset Management, Traders, Bank of England, NPC, New Zealand, Asia Pacific, European Union Locations: U.S, Beijing, Germany, Wells Fargo, Japan, Invesco

Ties have been at their lowest point in decades amid disputes over trade, technology, Taiwan and Chinese aggression in the South China Sea. “We respect the choice of the American people,” the Chinese Foreign Ministry said in a statement earlier. A second Trump presidency “could mark a new beginning in China-U.S. relations if the chance that has been offered is not wasted,” state-run newspaper China Daily said in an editorial on Wednesday. But Chinese officials laser-focused on stabilizing their faltering economy are also mindful of the tariffs of 60% or more that Trump has vowed to impose on all Chinese imports. One person it may turn to for help is tech billionaire Elon Musk, a devoted Trump supporter with extensive business interests in China who is wildly popular there.

Persons: “, Xi Jinping, Donald Trump, Biden, Xi, Trump, China “, ”, Susan Walsh, Rick Waters, Kamala Harris, Waters, Trump’s, ” Waters, Harris, Mao Ning, Elon Musk, Ian Bremmer Organizations: Trump, ” Xinhua, Foreign Ministry, Eurasia Group, Democratic, ., China Daily, CNBC Locations: HONG KONG, Taiwan, South China, Beijing, China, Asia, Pacific, South Korea, Japan, Australia, U.S, China’s, New York, Houston, Chengdu

☆ Man who used legal loophole to live rent-free for years in NYC hotel found unfit to stand trial
▼ + stars: | 2024-11-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

A man charged with fraud for claiming to own a storied Manhattan hotel where he had been living rent-free for years has been found unfit to stand trial, prosecutors said Wednesday. Finally, we convinced him to go seek treatment,’” Barreto told The Associated Press on Wednesday. They say he forged a deed to the New Yorker Hotel purporting to transfer ownership of the entire building to him. Because I’m not being treated as a criminal but I’m treated like a nutjob,” Barreto told the AP. But the New Yorker closed as a hotel in 1972 and was used for years for church purposes before part of the building reopened as a hotel in 1994.

Persons: Mickey Barreto, he’s, Alvin Bragg’s, Judge Cori Weston, Barreto, ”, He’s, ’ ” Barreto, Brian Hutchinson, didn’t, I’m, ” Barreto, Muhammad Ali, Nikola Tesla Organizations: New York Times, Associated Press, Times, New, Unification Church, AP, Garden, NBC, Yorker Locations: Manhattan, Madison

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

☆ Rory McIlroy thinks Donald Trump and Elon Musk could help PGA Tour and LIV Golf discussions
▼ + stars: | 2024-11-07 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +2 min

CNN —Rory McIlroy thinks that Donald Trump’s return to presidency could help unify the fractured landscape of men’s professional golf by brokering a deal between the PGA Tour and the breakaway Saudi-backed LIV Golf. When asked on Wednesday if Trump could deliver on his own assertion that he could fix the LIV-PGA Tour deal in 15 minutes, McIlroy said: “He might be able to. The US-based circuit and the Saudi Public Investment Fund (PIF), which is behind LIV Golf, remain locked in negotiations, with the initial deadline for the partnership of December 31 last year extended into 2024. When asked about the PGA Tour and LIV on the podcast, recorded Sunday ahead of the election, he added: “I’m really going to work on other things, to be honest with you. “Great news from LIV golf.

Persons: Rory McIlroy, Donald Trump’s, LIV Golf, Trump, McIlroy, He’s, Elon Musk, it’s, he’s, LIV, “, ” Trump, Bill Belichick, Jim Gray Organizations: CNN, PGA Tour, HSBC Abu Dhabi Championship, Saudi Public Investment Fund, Trump, PGA, LIV Locations: Saudi, Saudi Arabia, United States

☆ Harris couldn't escape Biden's unpopularity
▼ + stars: | 2024-11-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Kamala Harris' advisors said she struggled to dig herself out of a hole. Related Video Can Kamala Harris win over Democrats after Joe Biden drops out of 2024 presidential election? Throughout the 2024 race, Trump posted some of his highest approval numbers since he launched his first presidential run in 2015. AdvertisementEvan Roth Smith, the lead pollster at BluePrint, said there's no doubt that Biden's unpopularity impacted Harris. The Trump campaign didn't forget."

Persons: Kamala Harris, Joe Biden, Harris, —, Doug Sosnik, Bill Clinton, Biden, Trump, Obama, David Plouffe, Harris's, Kamala, AWwpZQHhVo — Alex Thompson, Evan Roth Smith, Kamala Harris's, Roth Smith, would've, Rishi Sunak, George H.W, Bush, Ryan Ryan Williams, Mitt Romney's Organizations: Service, Democratic, CNN, Biden, British, Conservative Party, Democratic Party, New, Trump, GOP, Voters Locations: United States, South Korea, Germany, Iowa, New Hampshire

☆ Anthropic is gaining on OpenAI in this key area of the AI market
▼ + stars: | 2024-11-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

Anthropic has been gaining on arch rival OpenAI in recent months, according to data from a popular developer tool offered by startup Vercel. In the week of August 18, the OpenAI code library was downloaded almost 229,000 times by developers. Data from Vercel's AI SDK toolkit VercelA top executive at Vercel attributed the recent adoption trends partly to a new AI model that Anthropic released in the summer. That's because many AI model providers have adopted OpenAI's API specification as a de facto standard. AdvertisementAn OpenAI spokesperson said usage of the startup's API has doubled since it released its GPT-4o mini AI model in July.

Persons: Anthropic, OpenAI, Sweta Patel, Claude, Jared Palmer, Sonnet, There's, Dianne Penn, Penn, DoorDash Organizations: Vercel

It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.

Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada

CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, ”, Carsten Brzeski, “, Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China, ”

☆ I'm an American who got citizenship in 2 European countries without setting foot in either one. Here's how I did it.
▼ + stars: | 2024-11-07 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +6 min

However, after doing a lot of research and submitting so much paperwork, I was granted citizenship in Poland and Portugal before ever setting foot in either country. Most countries require original documents issued in that country, such as a birth certificate or baptismal certificate, to successfully apply for citizenship. It was worth it for me to look into alternative paths to citizenship, tooThere was a temporary law that helped me gain Portuguese citizenship. AdvertisementI was able to get Portuguese citizenship by proving I am a descendant of Sephardic Jews who were expelled from the Iberian Peninsula in the 15th Century. I didn't get Portuguese citizenship until nearly three years after I applied.

Persons: —, Steve Ballmer, isn't, Jamie Davis Smith, didn't Organizations: Service Locations: Poland, Portugal, United States, America, Spain, Franco, Austria, Germany

☆ Army drill sergeant rates 11 more boot camp scenes in movies and TV
▼ + stars: | 2024-11-07 | by ( Margaret Guzman | David Ibekwe | ) www.businessinsider.com time to read: +1 min

Retired US Army drill sergeant Lamont Christian rates more boot-camp scenes in movies and TV shows. He additionally looks at US Army basic training scenes in "In the Army Now" and "Biloxi Blues," starring Christopher Walken and Matthew Broderick. Christian served in the US Army for 33 years as a combat infantryman with a cumulative experience of 11 years working in various positions within the basic training environment. He retired in 2018 as the command sergeant major of Fort Jackson, the Army's main training center for basic combat training. He is now the director of the Warrior PATHH program at the Big Red Barn Retreat, where he helps veterans experiencing post-traumatic stress.

Persons: Lamont, Jack Webb, Lee Ermey, Bradley Cooper, Clint Eastwood, Christopher Walken, Matthew Broderick, Christian, Major Payne, Damon Wayans Organizations: US Army, US Marine Corps, Navy SEALs, US Army Airborne School, Junior Reserve, Training Corps, LinkedIn Locations: Vietnam, Parris Island, Fort Jackson

The Pixel 9 Pro and Pixel 9 Pro XL are enhanced versions of the excellent Pixel 9. The new camera oval on the Pixel 9 Pro phones juts out more than the rear cameras of previous Pixel phones. The Pixel 9 Pro XL (left) has a 6.8-inch display, while the Pixel 9 Pro (right) has a 6.3-inch display. The Pixel 9 Pro XL, with a 6.8-inch display, is a no-brainer for anyone who prefers larger Google Pixel phones or larger Android phones. See our guides to the best Pixel 9 Pro XL cases and best Pixel 9 Pro cases for extra protection.

Persons: Google's, Antonio Villas, Rose, Hazel, it's, Villas, VRR, I'd, I'm, Max, ultrawide, you've, Gemini, It's, you'd Organizations: Business, Google, Pro XL, Amazon, Verizon, XL, Gemini, Boas, Apple, Samsung, Qualcomm, Samsung Galaxy, Galaxy

☆ Trump said he will divide Russia from China. It's a tough bromance to break.
▼ + stars: | 2024-11-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

President-elect Donald Trump claims he can split the alliance between Russia and China. "The one thing you never want to happen is you never want Russia and China uniting," Trump said. These are potentially all things that Trump could use to drive a wedge between Russia and China." The Trump effectAnother factor likely to draw Russia and China closer together is Trump himself. In East Asia, Trump has accused allies of freeloading off the US, a source of tension Beijing will likely seek to exploit.

Persons: Donald Trump, —, Tucker Carlson, Trump, Biden, Vladimir Putin of, Xi, China's, Putin, Stefan Wolff, Carlson, Wolff, Paul Cormarie, Jonathan Ward, Vladimir Putin, they'd, Robert Dover, Zhiqun Zhu, Cormarie Organizations: Service, Trump, University of Birmingham, Pentagon, Trade, Anadolu, Getty, Central, RAND Corporation, BI, Hudson Institute, Kremlin Press, Anadolu Agency, International Security, Hull University, NATO, Bucknell University Locations: Russia, China, Ukraine, Glendale , Arizona, Vladimir Putin of Russia, Moscow, Beijing, Taiwan, Russian, Bering, European, East Asia

☆ FDA proposes ending use of decongestant found in many cold, allergy medicines
▼ + stars: | 2024-11-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The Food and Drug Administration on Thursday proposed ending the use of a common ingredient found in many popular over-the-counter cold and allergy medications. The agency said an extensive review of available data determined that the ingredient, oral phenylephrine, doesn't actually relieve nasal congestion. The FDA said the proposed order is not based on safety concerns and not final yet, which means companies can still market over-the-counter drugs containing oral phenylephrine for now. Last year, CVS said it has already moved to pull certain medicines containing oral phenylephrine. The designation, typically used for older medicines, allows drugmakers to include an ingredient in over-the-counter products without the need to file an FDA application.

Persons: doesn't, Patrizia Cavazzoni, Johnson, Kenvue, Phenylephrine, Pseudoephedrine Organizations: Drug Administration, FDA, FDA's Center, Drug, Research, CVS, Procter, Gamble, Bayer, Walgreens, University of Florida, Consumer Healthcare Products Association Locations: Hawthorne , California, U.S

☆ Inside the NBA arena that’s trying to change how fans cheer
▼ + stars: | 2024-11-06 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +8 min

Intuit Dome wants to rewire fans’ habits and change the way they’re used to rooting for the home team. “It feels kind of like an NBA Disneyland, versus [Crypto.com Arena, the Clippers’ former home, shared with the Los Angeles Lakers] where it’s a multiteam, multisport arena,” said Oscar Burrows-Rangel, a longtime Clippers fan. Just as unique, however, are the design choices that earn less attention but also affect the customer experience, said longtime Clippers fans who attended the Oct. 23 regular-season opener, against Phoenix. He has said the number of toilets and urinals is three times the number in the average NBA arena. One of the most significant elements about watching a Clippers game that Ballmer aims to change involves what is heard, and what isn’t, in other parts of the building.

Persons: Steve Ballmer, Ballmer, Gary Coronado, ”, Oscar Burrows, Rangel, Ryan Sun, James Harden, Ivica Zubac, ” Burrows, Erica Okeith, ” Okeith, Kirby Lee, Kevin Durant, Okeith, Jason Holzgang, Holzgang, ‘, checkouts, Daniel Albitres, Albitres, “, ” Albitres Organizations: Intuit Dome, Los Angeles Clippers, Microsoft, Clippers, Los Angeles Times, Getty, NBA, Intuit, Los Angeles Lakers, longtime Clippers, Phoenix Suns, Farm, Phoenix, AP, Xbox, Los Angeles Sports Arena, AP Suns, Crypto.com, Suns Locations: INGLEWOOD, Calif, —, Arizona, Atlanta, The, Golden State , New York, Boston

If González’s advantage over Dalmau prevails, the pro-statehood New Progressive Party would make history as the first in Puerto Rico to secure a third consecutive term. Back-to-back pro-statehood governors have held office in Puerto Rico since 2016, when Ricardo Rosselló was elected. Local political parties are largely divided based on the issue of Puerto Rico’s territorial status. An unprecedented shiftNo winner has been certified yet, Jessika Padilla, president of the Puerto Rico Elections Commission, said during a news conference early Wednesday. The Puerto Rico Elections Commission is so far reporting a 58% voter turnout in this year’s election.

Persons: Jenniffer, Juan Dalmau —, “, ” González, González, Dalmau, Ricardo Rosselló, Pedro Pierluisi, Rosselló’s, Wanda Vázquez, Kamala Harris, Donald Trump, ” Gonzalez, Maria, Jessika Padilla, Jesús Manuel Ortiz, Ortiz, Fernando Rivera, Puerto Ricans, Harris Organizations: New Progressive Party, Puerto Rican Independence Party, Citizens, Puerto Ricans, Puerto, Puerto Rico Elections Commission, Local, Trump Cabinet, Popular Democratic Party, Dalmau, “ Alianza ”, Puerto Rico Research, University of Central, Trump, Democratic, Republican Locations: Puerto Rico, Puerto, González, “ Puerto Rico, Puerto Rican, Dalmau, University of Central Florida, U.S

Three-time Emmy-winning journalist and Los Angeles TV news anchor Chauncy Glover died unexpectedly on Tuesday, his family announced. His family announced the news in a statement to KCAL, writing: "We, Sherry and Robert Glover, along with Chauncy’s beloved family, are devastated by the unimaginable loss of our beloved Chauncy. Before working with KCAL in Los Angeles, Glover was the first Black male main anchor for Houston’s KTRK, where he was on the air for eight years, according to KCAL. One of his accomplishments outside of his journalistic career was founding "The Chauncy Glover Project," a mentoring program created to help develop "inner-city teenage boys into upstanding and accomplished gentlemen," according to its website. "Chauncy’s compassion and dedication to helping others, especially through the Chauncy Glover Project, changed countless lives and inspired so many young men to pursue their dreams,” his family wrote in their statement.

Persons: Chauncy Glover, Glover, Pat Harvey, Suzie Suh, Sherry, Robert Glover, Chauncy’s, —, Houston’s, ”, Chauncy Organizations: Los Angeles Locations: LA, Los Angeles, Alabama, Michigan , Florida, Georgia, Texas, California

WEST PALM BEACH, Fla. — Former President Donald Trump declared victory early Wednesday — NBC News has not projected a winner — after he took a series of swing states, including Pennsylvania. “I want to thank the American people for the extraordinary honor of being elected your 47th president and your 45th president,” Trump told supporters at a victory party at the Palm Beach County Convention Center. “Because we are going to help our country heal.”Family and supporters surround former President Donald Trump at the Palm Beach Convention Center in West Palm Beach, Fla., early Wednesday. Evan Vucci / APTrump was also leading in the popular vote by nearly 5 million votes at 2:30 a.m. ET, a lead that, if it holds, will make him the first Republican nominee to win the popular vote since George W. Bush in 2004.

Persons: Donald Trump, “, ” Trump, ”, Julia Demaree Nikhinson, Sen, JD Vance, Ohio, ” Vance, Trump, Evan Vucci, George W, Bush Organizations: NBC, Convention, Palm Beach Convention, Trump, Fox News, Republican Locations: BEACH, Fla, Pennsylvania, Beach, Palm Beach, West Palm Beach, United States of America, Georgia, North Carolina

Democrat Angela Alsobrooks has won Maryland’s Senate race, NBC News projects, defeating popular former Republican Gov. Larry Hogan and becoming the first Black woman elected to represent the state in the Senate. It also means that, for the first time in history, Maryland will have a Black senator, governor and mayor of its largest city, Baltimore. Hogan could never quite replicate the support he received from Democrats as governor in his Senate campaign. In Hogan, many Marylanders saw a Republican who represented an increasingly rare version of the party prior to Trump’s takeover.

Persons: Angela Alsobrooks, Larry Hogan, Democratic Sen, Ben Cardin, Alsobrooks, Lisa Blunt Rochester's, ” Alsobrooks, “, David Trone, Hogan, Joe Biden, Sen, Carol Moseley Braun, Donald Trump, David Lublin, ”, “ doesn’t, “ We’re, Candace Turitto, ” Turitto, Wes Moore, Baltimore Mayor Brandon Scott, Francis Scott Key, Moore, there’s Organizations: Senate, NBC News, Republican Gov, Democratic, Democrats, Prince, Trump, American University, ”, Republican, University of Maryland’s, Black, Baltimore Mayor, Francis Scott Key Bridge Locations: Maryland, Baltimore, Delaware, Prince George’s County, ” Lublin, Lublin, “, it’s

☆ Trump's victory shows the flagging influence of mainstream media
▼ + stars: | 2024-11-06 | by ( Lindsay Dodgson | Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

The 2024 election may have shown the mainstream media is losing its grip on political commentary. AdvertisementThe campaigns in this year's presidential election have shone a light on the waning influence of mainstream media. AdvertisementWhile mainstream media outlets are establishing growing audiences on apps like TikTok, young people still tend to get their news from influencers and non-legacy media accounts. Doug Eldridge, founder of Achilles PR agency, told BI that legacy media outlets will use the election to reassess their next steps. "Much like the dinosaurs, the legacy media will either adapt or become extinct."

Persons: —, Brett Spencer, Harris, Trump familiarized, Joe Rogan's, Paul Reilly, Rogan, Trump, Elon Musk, Alex Cooper's, Kamala, Brandon Harris, Edison, There's, Jessica Coen, Jess Rauchberg, Doug Eldridge, Achilles, Eldridge Organizations: Service, City St, University of London, Trump, Newsweek, University of Glasgow, X, Journalism, Creative Media, University of Alabama, Pew Research Center, News Locations: City, City St George's, TikTok

While many Silicon Valley VCs and founders aren't huge Trump fans, their industry thrives when startups are getting acquired or going public quickly. The Biden administration clamped down heavily on tech M&A, so Trump's win could be a financial boon for the sector. Stephen Hays, the founder and managing partner of What if Ventures, said money is already moving again. AdvertisementBig Tech returns to the tableAs president, Trump could roll back some of the antitrust policies that his opponent would have continued. "People are keeping to themselves and just getting on with their business," said Conrad Burke, a managing partner of MetaVC Partners.

Persons: Kamala Harris, Reid Hoffman, Laurene Powell, Vinod Khosla, Harris, Donald Trump's, aren't, Biden, There's, Jordan Nof, Stephen Hays, Trump, Elon, Lina Khan's, Lulu Cheng Meservey, Y, Lina Khan, Kevin Dietsch, Brandon Brooks, — Trump's, JD Vance —, Chris Farmer, Mason Angel, Louis Lehlot, Lardner, Michael Greeley, Crypto, hasn't, Gary Gensler, Bitcoin, Brian Garrett, Garrett, Jenny Fielding's, Fielding, Conrad Burke, Leslie Feinzaig, bundlers, Kamala, I've Organizations: Democrat, White House, Trump, Tusk Venture Partners, Ventures, Tech, Federal Trade, Investors, Foley, Big Tech, Markets, Flare Capital, Biden, SEC, Crosscut Ventures, Google, Microsoft, MetaVC Partners Locations: Europe

☆ Chanel stages dreamy resort collection in Hong Kong
▼ + stars: | 2024-11-06 | by ( Stephy Chung | ) edition.cnn.com time to read: +3 min

The fashion house staged its two runway shows — one in the afternoon, and one at night — at the Hong Kong Design Institute (HKDI). Anthony Kwan/Getty ImagesDesigned by the brand’s artistic director Virginie Viard, before her departure in June, the collection featured dozens of looks. Anthony Kwan/Getty ImagesThe runway was spread across two floors of the Hong Kong Design Institute. But the label’s decision to restage the presentation in Hong Kong signals the brand’s continued efforts to court Asian clientele amid a wider luxury market slowdown. Anthony Kwan/Getty ImagesBack in June, Viard announced she was exiting Chanel after serving as its artistic director of fashion collections for five years.

Persons: Hong Kong CNN — Chanel, ”, Penélope Cruz, Chow Yun, Angela Yuen, Chanel, Anthony Kwan, Virginie Viard, Yuen, Benjamin Voisin, Billy H.C, Kwok, Louis Vuitton, Viard, Karl Lagerfeld’s Organizations: Hong Kong CNN, Hong Kong, Hong Kong Design Institute, Reuters, Chanel Locations: Hong Kong, Hong, French, Marseilles, France, China

☆ China's navy warned its millennial and Gen Z sailors not to display their military credentials to attract attention on dating apps
▼ + stars: | 2024-11-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China told its sailors on Monday to avoid posting about their jobs on dating apps. In the last year, China has pushed hard on warnings about online habits that it deems are security threats. AdvertisementChina's navy warned its younger members on Monday to avoid publicizing their military careers on dating apps over concerns of security breaches by foreign entities. The internet has traps," the People's Liberation Army Navy's official propaganda arm wrote in a social media post for the "internet generation." Related Video China shows how it would attack Taiwan as tensions rise"Nowadays, dating apps have emerged in an endless stream," the post reads.

Persons: —, Xi Jinping, Li Shangfu Organizations: Service, People's Liberation Army, Microsoft, Defense Locations: China, Taiwan, Beijing, Washington

☆ Global ETFs slide as investors see Trump tariff policies hurting trade
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Several U.S.-listed funds tracking global stocks pulled back in Wednesday's session as investors considered Donald Trump's victory harmful to international equities. "While the investing landscape remains favorable in the U.S., international markets are very exposed to tariff policy, " said Yung-Yu Ma, chief investment officer at BMO Wealth Management. These moves reflect the divergence between U.S. and international markets as investors around the globe take in America's election results. Still, the U.S.-listed iShares MSCI China ETF (MCHI) shed more than 2% on Wednesday. Indeed, the iShares MSCI Emerging Markets ETF (EEM) slid more than 1% on Wednesday.

Persons: Donald Trump's, Trump's, Yung, Yu Ma, Javier Milei, Adam Turnquist, Turnquist, —, Sarah Min, Jesse Pound, Hakyung Kim Organizations: U.S, NBC, BMO Wealth Management, Dow Jones, Trump, Japan's Nikkei, American, ICE, greenback, LPL Financial Locations: Paris, France, Korea, Hong Kong, Taiwan, Chile, U.S, China, Europe, Asia, Pacific, Argentina

☆ Democrat Elissa Slotkin will win Michigan Senate seat, CNN projects
▼ + stars: | 2024-11-06 | by ( Alison Main | ) edition.cnn.com time to read: +5 min

CNN —Rep. Elissa Slotkin will win the competitive Michigan Senate race, CNN projects, keeping the seat in Democratic hands and making her the youngest Democratic woman elected to the Senate. Rogers called Slotkin and conceded the race, according to two sources. “Donald Trump and I were both elected by the people of Michigan. The GOP is also looking to defend its narrow majority in the US House of Representatives, though it remains uncalled. Do not trust him,” Slotkin fired back as Rogers vowed in their first debate that he would not defy the will of the Michigan people in Washington.

Persons: Elissa Slotkin, Mike Rogers, Donald Trump, Rogers, “ Donald Trump, Michiganders, Trump’s, ” Slotkin, “, Slotkin, Democratic Sen, Debbie Stabenow, Michigan’s, Trump, ”, Harris, “ It’s, It’s, Wade Organizations: CNN —, Michigan Senate, CNN, Democratic, House Intelligence, Slotkin, GOP, Biden, Michigan Republican, Oxford High School, Michigan State University, 8th, CIA Locations: Michigan, Detroit, Florida, China, Washington, America, Slotkin, Lansing, Stabenow

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