China Weakness
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CNBC - Business
Nike shares plunge after retailer says quarterly sales will fall 10%, warns on China weakness
Nike has found itself in a rough patch as the sneaker giant has worked to claw back market share it's ceded to upstarts like On Running and Hoka.China -
The New York Times - Business
Walgreens Plans ‘Significant’ Store Closures, Citing Weak Consumer Spending
The pharmacy giant told investors that shaky consumer spending was affecting its retail operations. But some said the company’s strategy was also to blame. -
MarketWatch - Business
Bond market’s weakness for such a long stretch is ‘unprecedented,’ Bespoke finds
Bonds are kicking off July with losses as yields climb following an extended rough stretch for long-term Treasurys. -
The Hill - Politics
Former defense secretary: Biden looking weak on world stage 'very, very serious'
Former Trump defense secretary Mark Esper on Sunday expressed concern over how President Biden's debate performance was perceived on a world stage, suggesting it could sew doubt within foreign allies and adversaries about his ability to serve. "I ...Joe Biden -
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The Hill - Politics
China’s latest lunar success includes a swipe at America
In 2026 or slightly later, the “second giant leap for mankind” should occur with the Artemis III mission.China -
The Wall Street Journal - World
China Gauge Shows Factory Activity Expansion
A private gauge showed China’s factory activity expanded at a faster rate in June, contrasting with the official index remaining in contractionary territory.China -
The New York Times - Business
China Dangled Rebates to Lure People to Spend. It’s Not Enough.
China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting.China -
Financial Times - World
China’s central bank moves to address bond frenzy
Officials are increasingly uncomfortable with a rally pushing borrowing costs to lowest level in decadesChina -
BBC News - Top stories
China rocket crashes after 'accidental' launch
Footage shows the Tianlong-3 rocket falling back to Earth and exploding in a hillside in central China.China -
Financial Times - World
China ETF assets register ‘explosive’ growth
Booming sector has enjoyed annual growth rate of 40% since 2018 as actively managed funds have slumpedChina -
Financial Times - World
Global investment banks cut jobs in China retreat
Wall Street and European groups scaled back in 2023 in ‘challenging’ environmentChina -
Financial Times - World
FirstFT: ‘Presidential immunity’ ruling boosts Donald Trump and dismays Democrats
Also in today’s newsletter, Boeing’s ultimatum and Panama’s pledge on illegal immigrationDonald Trump -
The Wall Street Journal - World
China and U.S. Both Eye Breakthrough EV Technology
China is so dominant in the market for the batteries powering electric vehicles that it would take a technological upheaval to change that. One might be coming.China -
ABC News - World
China and the Philippines hold crucial talks after chaotic confrontation in disputed South China Sea
China and the Philippines have held a crucial meeting to try to ease escalating tensions following their worst confrontation in the disputed South China Sea last monthChina -
The Wall Street Journal - World
Hennes & Mauritz's shares plunged 13% after it made a weak start to its third quarter and warned about rising raw material costs and adverse currency moves.
Hennes & Mauritz’s shares plunged 13% after it made a weak start to its third quarter and warned about rising raw material costs and adverse currency moves. -
The Wall Street Journal - Business
Lynas Bets on New Rare Earths Products, Breaking China Stranglehold
The Australia-listed company plans to separate two heavy rare earths used in electric vehicles and electronic gadgets at its plant in Malaysia.China -
The Wall Street Journal - Business
China's 618 Shopping Event Brought in Sales, But Perhaps Not Profits
The second-biggest online shopping event of the year in China generated big sales, but not necessarily the windfall that retailers have come to expect, analysts say.China -
CNBC - Business
China is testing the limits of a critical U.S.-Philippines defense pact — will Washington respond?
China has stepped up its actions against the Philippines in disputed waters of the South China Sea, raising questions of American deterrence in the region.China -
The New York Times - World
China Levels Graft Charges Against Former Defense Ministers
The two generals were accused of taking huge bribes and of corruption that reached into the armaments sector, indicating that the country’s military has not shaken off old habits.China -
The New York Times - World
Taiwanese Are Told to Avoid China After It Threatens Independence Backers
Beijing released new rules calling for execution of “diehard” Taiwanese independence supporters, as hostilities surrounding Taiwan’s status rise.China -
CNBC - Business
Apple's Vision Pro starts deliveries at a higher price in China than in the U.S.
Apple's mixed-reality headset began deliveries in China on Friday with a retail price 18% higher than in the U.S.China -
The Hill - Politics
China is militarizing AI, and that's the AI threat we should worry about
Congress and the Biden administration are focusing on potential AI harms, while China is militarizing AI technology and seeking to access American data through technology companies, prompting the need for more funding for the FCC to remove Chinese ...China -
The Hill - Politics
China won't rule out AI-controlled nuclear weapons
China has rejected American proposals to limit the use of artificial intelligence for controlling the launch of nuclear weapons, raising concerns about the potential for AI-controlled nuclear weapons to lead to a nightmare scenario.China -
CBS News - Top stories
2 giant pandas arrive at San Diego Zoo from China
The pandas, Yun Chuan and Xin Bao, will spend the next several weeks acclimating to their new home in a private habitat.China -
The Hill - Politics
San Diego Zoo welcomes new pair of giant pandas from China
Two giant pandas have safely arrived in San Diego from China as part of the ongoing conservation partnership, the San Diego Zoo Wildlife Alliance said Friday. The organization said the pandas, named Yun Chuan and Xin Bao, will spend the next ...China -
NBC News - Top stories
China tells Taiwanese to visit ‘in high spirits,’ despite execution threat
Most Taiwanese can visit China with no need to worry and can come “in high spirits,” the Chinese government said, condemning Taiwan for warning its citizens not to go following a threat from Beijing to execute “diehard” separatists.China -
The New York Times - Top stories
Why Do India and China Keep Fighting Over This Desolate Terrain?
Long-running battles in the Himalayas may foretell a more dangerous conflict.China -
The Wall Street Journal - World
China's Manufacturing Sector Stays in Contraction for Second Straight Month
The data underscored the difficulties the world’s second largest economy faced after Beijing’s efforts to resuscitate its property sector.China -
Financial Times - World
Investors shy away from China’s ‘Taiwan Town’ as tensions rise
Chinese province closest to Taiwan seeks greater ties, but business has grown wary amid geopolitical and economic concernsChina -
Financial Times - World
Philippines courts investors for ‘China-free’ nickel supply chain
Manila pitches itself as alternative for western countries seeking to diversify sources of EV battery material -
Financial Times - Business
Bain’s new boss says consultancy pulling back from work in China
Tension between Beijing and Washington has increased scrutiny of western businesses operating thereChina -
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CNBC - Business
We're changing our rating and price target on a beauty stock tied to China
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.China -
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The Wall Street Journal - World
China EV Sales Rallied in June on Policy, Price Cuts
Chinese electric vehicle makers had robust sales in June, helped by government subsidies, tax breaks and steep discounts that brought buyers back into showrooms after a sluggish start to the year.China -
ABC News - World
A Norwegian citizen has been arrested on suspicion of spying for China, a report says
Intelligence officials in Norway says that a Norwegian citizen has been arrested on suspicion of attempting to spy for China