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☆ Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
▼ + stars: | 2024-05-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing her total stock sales this year to more than $50 million. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing. In Denholm's early years on the Tesla board, she served on the audit committee. Before joining the Tesla board, Denholm served in executive roles at Sun Microsystems, and in finance roles at Toyota in Australia and at accounting firm Arthur Andersen. In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla's board, Denholm received "life-changing" compensation, which "far exceeded the compensation she received from other sources."

Persons: Robyn Denholm, Tesla, Denholm, Drew Baglino, Kathleen Wilson, Thompson, Elon Musk, hasn't, Musk, Arthur Andersen, —, Chancellor Kathaleen McCormick Organizations: Tesla Inc, American, of Commerce, Tesla, SEC, Sun Microsystems, Toyota Locations: Australia, Sydney, what's, Delaware

☆ China has a lot more missiles — with US warships and bases in its sights
▼ + stars: | 2024-05-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +18 min

American warships and bases in the Pacific are within reach of an increasingly worrying threat, a missile force unlike anything the US has faced in combat. With these missiles, China is signaling that it could attack US bases and ships in the region with little to no warning, Clark said. TK Department of DefenseThere's a lot more to the Chinese Rocket Force than these weapons, though. AdvertisementThat said, the US and its allies can't afford to assume the Rocket Force won't be ready should conflict come. In other words, how the US prepares itself and adapts to the Chinese Rocket Force gives it the best shot at avoiding a fight altogether.

Persons: China's, Andersen, Thomas Shugart, Bryan Clark, John Aquilino, Kevin Frayer, Harry Harris, Harris, Clark, Shugart, Gerald R, Kendall Warner, Byrd, US Defense Department Harris, Robert Peters, Peters, Ronald Reagan, Andrea Rosembert, Cpl, Ryan Little, Charles Flynn, I'm, Flynn, it's, Andy Wong Organizations: Business, Army Rocket Force, Pentagon, China's Rocket Force, Department of Defense TK Department of Defense, Center, New, New American Security, US Navy, PLA, Hudson Institute, Pacific Command, People's Liberation Army Rocket Force, Eastern Theater Command, People's Liberation Army PLA, Getty, Rocket Force, Liberation, TK Department of Defense, Chinese Rocket Force, US Defense Department, Ford, Virginian, Tribune, Service, Japan, Self, Defense Force, Misawa Air Base, Pacific, US, Defense, Aegis Ballistic Missile Defense, Army, Heritage Foundation, Aegis, Guam, Area, Ronald, Ronald Reagan Ballistic Missile Defense, Department of Defense, US Air Force, Marine Corps, Andersen Air Force Base, Marine, Combat, US Army Pacific, Stealth, Force, Military Locations: Beijing, China, American, Guam, South, Washington, Japan, New American, People's Republic of China, South Korea, Taiwan, South China, AFP, U.S, Marshall, Pearl, Pacific, PLARF, Tiananmen

☆ Wegovy maker Novo Nordisk down 4%, heads for worst day since October
▼ + stars: | 2024-05-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Shares of Danish pharmaceutical giant Novo Nordisk slid 4% on Friday, extending a 2.7% loss on Thursday as analysts pored over the details of the firm's first-quarter results and monitored a potential rival weight loss treatment. The company reported that sales for its blockbuster injectable weight loss treatment Wegovy, more than doubled to 9.38 billion Danish kroner ($1.4 billion). Novo Nordisk, which also makes diabetes treatment Ozempic, said the rise in sales had offset a slight reduction in prices. Analysts expected even higher weight loss drug sales in the quarter, and some noted that Novo Nordisk's 2024 outlook raise for both sales growth and operating profit was due to one-off accounting adjustments. The boom in demand for weight loss treatments saw Novo Nordisk overtake French luxury group LVMH to become Europe's most valuable company last year.

Persons: Karsten Knudsen, Karen Andersen Organizations: Novo Nordisk, Novo, Morningstar Locations: Novo

☆ The next airport terminal lounge or club you pass may also be a bank branch
▼ + stars: | 2024-05-03 | by ( Kevin Williams | ) www.cnbc.com time to read: +9 min

"One woman wanted to rent my office to work," remembers Lisa Slocum, the airport Fifth Third Bank branch manager. Capital One closed its branch at Washington, D.C.'s Dulles International Airport in 2020, instead creating "airport lounges" for cardholders in Dulles, along with similar spots at airports in Denver and Dallas. Yet full-service airport bank branches are a relative rarity, surprising in a retail landscape that often resembles an upscale mall more than a terminal. Fifth Third BankWells Fargo operates a full-service branch in Las Vegas's Harry Reid International Airport, and according to a bank spokeswomen, has a multi-year relationship with the airport that involves both the branch and multiple ATMs throughout terminals. McAdam says ATMs and advanced-function kiosks are one thing, but a full-service branch, except maybe in the largest markets, is overkill.

Persons: Kevin Williams Nicolette Nelson, Nelson, It's, Lisa Slocum, Slocum, Hannah Thelen, Ashley Thelen, Mindy Kershner, CVG's, Marketing Brent Andersen, Andersen, that's, Chase, John Sieg, Sieg, Harry Reid, Wells Fargo, Brian Davis, Paul McAdam, Power, McAdam Organizations: Northern, Northern Kentucky International, Fifth Third Bank, Fifth, Bank, TSA, Third, Dulles, Airport, Capital One, Washington , D.C, Wings Credit Union, Paul International Airport, Wings, Marketing, JPMorgan Chase, PNC, Sky, Fifth Third Bank Wells, Harry Reid International Airport, Truist Bank, Hartsfield, Jackson Atlanta International Airport, Financial Locations: Fairbanks, Cincinnati, Northern Kentucky, Spain, Washington ,, cardholders, Dulles, Denver, Dallas, it'd, Kentucky, Minneapolis, St, Las, Vegas, New York City, New York

More teens and young adults are getting cancer than ever, leaving researchers scrambling for clues. Here's what we know and how to protect yourself.

Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts' estimates. The company reported adjusted earnings per share of 3 cents, while analysts were expecting a 5-cent loss. Snap said adjusted EBITDA "exceeded our expectations" and was primarily driven by operating expense discipline, as well as accelerating revenue growth. Snap reported more than 9 million Snapchat+ subscribers for the period. For the second quarter, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts, according to StreetAccount.

Persons: Derek Andersen, Evan Spiegel Organizations: Barker, Revenue, Snapchat, Meta Locations: Santa Monica , California

Operation Menai Bridge is code for the plans related to King Charles' death. Though details about the plan are tightly guarded, his passing will trigger immediate changes in both the monarchy and the UK. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: King Charles Organizations: Business

☆ China's latest supersonic spy drone looks a lot like the Lockheed D-21 that crashed there in 1971
▼ + stars: | 2024-04-20 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +11 min

The aircraft, shaped like a dart and painted black, was a D-21 supersonic reconnaissance drone. Ultimately unsuccessful, the drone would be relegated to the annals of aviation history if not for the appearance of a strikingly similar Chinese drone unveiled at a recent military parade. AdvertisementThis is what we know about the high-flying Chinese spy drone and the D-21 upon which it could be based. High altitude, high speedLockheed's solution was to create an unmanned high-altitude high-speed reconnaissance aircraft with similar capabilities as the A-12, but much smaller. A WZ-8 reconnaissance drone is on display at the 13th China International Aviation and Aerospace Exhibition on September 28, 2021 in Zhuhai, China.

Persons: —, Francis Gary Powers, Dwight Eisenhower, Marquardt, Bill, Ray Torrick, Chen Xiao, Benjamin Brimelow Organizations: Service, Air Force, 4200th Support Squadron, Andersen Air Force Base, Business, Lockheed Corporation, Soviet, White House, CIA, Central Intelligence Agency, Lockheed's, Works, Redesignated, Navy, US Air Force, Chinese Aviation Museum, Davis, Monthan Air Force Base, 13th China International Aviation, Aerospace, US National Geospatial - Intelligence Agency, 29th Air Regiment, People's Liberation Army Air Force's 10th Bomber, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Guam, China, Soviet Union, Soviet, Yunnan, Beijing, Tucson , Arizona, United States, Zhuhai, People's Republic of China, Liuan, Korean, Taiwan, Pacific, West

The US debt is skyrocketing to unprecedented levels not seen since World War II. Our investing correspondent explains how we got there and how this looming financial crisis could impact you.

A battle is playing out in the Red Sea as Yemen's Houthi militia attacks commercial shipping vessels headed to the Suez Canal using weapons supplied by Iran. Now a US-led task force is fighting back. We compare the weapons and tactics and tell you who holds the power in this global conflict.

Locations: Suez, Iran

☆ Pacific castaways’ ‘HELP’ sign sparks US rescue mission – and an unexpected family reunion
▼ + stars: | 2024-04-11 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

So the castaways gathered palm fronds from the 31-acre island, arranged them to spell out “HELP” on the beach, and waited, according to a Coast Guard statement. The names of the stranded men have not been released by the Coast Guard, and CNN attempts to contact their relatives have not gotten replies. When the Coast Guard cutter Oliver Henry reached Pikelot on April 9, the story took another twist. “He couldn’t believe I’m with the Coast Guard trying to rescue them.”The man was a third cousin, the others fourth cousins, he said. “It could be coincidence,” said Chief Warrant Officer Sara Muir, public affairs officer for US Coast Guard Forces Micronesia.

Persons: Sgt, Richard Ebensberger, Chelsea Garcia, ” Garcia, Oliver Henry, Eugene Halishlius, Halishlius, ” Halishlius, ”, Sara Muir Organizations: CNN, US Navy, Coast Guard, US Coast Guard, Guard, Hawaii Air National Guard, Federated, Kadena Air Base, Navy, Coast Guard HC, Air, Coast, US Coast Guard Forces Micronesia, US Air Force, Andersen Air Force Base, Australian Locations: Micronesia, Pikelot, Guam, Polowat, Federated States, Pacific, Philippines, Hawaii, Okinawa, Japan

☆ June rate cut from U.S. Federal Reserve close to 50-50: UBS
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJune rate cut from U.S. Federal Reserve close to 50-50: UBSMark Andersen, co-head of global asset allocation at UBS, discusses the interest rate outlook and whether recent market gains have peaked.

Persons: UBS Mark Andersen Organizations: . Federal, UBS

☆ Wall Street is getting nervous about Tesla
▼ + stars: | 2024-04-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why Wall Street is getting nervous about Tesla . South China Morning PostEarnings season is approaching, and Wall Street's already ringing the alarm on a high-profile company. AdvertisementTesla won't report its full earnings until later this month, but Wall Street is preparing for trouble. One analyst called it a "nightmare" quarter for the company, while another firm labeled Tesla "a growth company with no growth." One strategy is getting more Tesla drivers subscribed to its Full Self-Driving software, which can run $199 monthly.

Persons: —, Wall, Insider's Beatrice Nolan, Tesla, It's, that's, Elon Musk, ANDERSEN, Alyssa Powell, Donald Trump's, Ken Griffin's, Claire Merchlinsky, MoviePass, Ted Farnsworth, Manoj Bhargava, Putin, Elvira Nabiullina's, Forbes, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tesla, China, Bloomberg, Nvidia, Meta, Microsoft, Apple, Getty, BI Trump Media, SEC, Citadel, BI, Street Journal, Authentic Brands, Energy, Bank of Russia, The Locations: China, Russia's, Connecticut , Delaware , New York, Rhode Island, Wisconsin, New York, London

CNN —Polish Prime Minister Donald Tusk has warned that Europe is in a “pre-war era” but still has a “long way to go” before its ready to confront the threat posed by Russia. We haven’t seen a situation like this since 1945,” Tusk said in an interview with German newspaper Die Welt published Friday. Russian President Vladimir Putin has repeatedly denied that Russia intends to attack NATO countries. German Chancellor Olaf Scholz, Polish Prime Minister Donald Tusk and French President Emmanuel Macron in Berlin, Germany, March 15, 2024. Obviously, he feels the need to justify the increasingly violent attacks on civilian sites in Ukraine,” Tusk said.

Persons: Donald Tusk, ” Tusk, “, Vladimir Putin, Olaf Scholz, Emmanuel Macron, Odd Andersen, Tusk, –, ”, Joe Biden, Donald Trump, doesn’t, Putin, “ Putin Organizations: CNN, Polish, Welt, NATO, European Union, Getty, Law, Justice Party, Poland, Crocus City Hall, Dubrovka, Chechen Locations: Europe, Russia, “, ”, Ukraine, Russian, Sweden, Finland, Baltics, Estonia, Lithuania, Moldova, France, Germany, Poland, Polish, Berlin, Moscow, Crocus, Beslan

☆ This US state is not covered by the NATO treaty. Some experts say that needs to change
▼ + stars: | 2024-03-29 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Because in a quirk of geography and history, Hawaii is not technically covered by the NATO pact. Mengshin Lin/AP“People tend to assume Hawaii is part of the US and therefore it’s covered by NATO,” he says. The exception is spelled out in the Washington Treaty, the document that established NATO in 1949, a decade before Hawaii became a state. It also says any island territories must be in the North Atlantic, north of the Tropic of Cancer. Hawaii, Guam, Taiwan and North KoreaSome experts say times have changed in the decades since the Washington Treaty was signed – and argue today’s political situation in the Indo-Pacific might require a rethink.

Persons: “, ”, David Santoro, Mengshin Lin, ” Santoro, –, China’s, Xi Jinping, —, Joe Biden, John Hemmings, ” Hemmings, Hemmings, Forum’s Santoro, Amy Picard, Luis Simon, Simon, ” Simon Organizations: CNN, NATO, Hawaii, Pacific Command, Atlantic Treaty Organization, Aloha, Pacific Forum, Sailors, USS Arizona Memorial, USS, 82nd, Treaty Organization, Washington Treaty, Tropic, Cancer, US State Department, United, Argentine, South Atlantic, Communist Party, Taiwan Relations, White, Center, New, New American Security, Foreign, USS Arizona . US Navy, Interim, Andersen Air Force Base, Korean, . Air Force, 23rd Expeditionary Bomb Squadron, Force, . Air Force ‘ Coalition, Research Centre, Security, Brussels School, Governance, NATO Command, Union Locations: Sweden, United States, Hawaii, Pearl, Honolulu, USS Arizona, Pearl Harbor, Honolulu , Hawaii, California , Colorado, Alaska, North America, Washington, Europe, Argentina, Falkland, British, South, Guam, Taiwan, North Korea, New American, China, Beijing, Oahu, USS West Virginia, USS Tennessee, France, Nazi Germany, Japan, Italy, Korean, Soviet Union, Belgium, Ukraine

☆ The world wastes more than 1 billion meals every day as hundreds of millions go hungry, UN report finds
▼ + stars: | 2024-03-27 | by ( Christian Edwards | ) edition.cnn.com time to read: +3 min

CNN —More than 1 billion meals are wasted across the world each day while nearly 800 million people go hungry, a new United Nations report has found. This is on top of the 13% of the world’s food lost as it makes its journey from farm to fork. The vast majority of food waste goes to landfill, generating methane as it breaks down. The report also said food waste is not just a “rich world” phenomenon. The amount of food wasted in high- and middle-income countries differed by just 7 kilograms (15 pounds) per person each year.

Persons: Inger Andersen, ” Andersen, “, unrefrigerated, Richard Baker Organizations: CNN, United Nations, UN, Programme Locations: London

Known as "the Einstein of Wall Street," Peter Tuchman is one of the most famous traders on the New York Stock Exchange. He showed us why coming to the floor of the NYSE still gives traders an edge over people working from home.

Persons: Peter Tuchman Organizations: New York Stock Exchange, NYSE

☆ Former EY partner shares how he climbed the corporate ladder to walk away from it all and become a math teacher
▼ + stars: | 2024-03-14 | by ( Marylou Costa | ) www.businessinsider.com time to read: +6 min

I made my way up from a senior consultant to manager and then a director," Swaroop told Business Insider. Swaroop, alongside many of his fellow Arthur Andersen & Co employees, moved to EY after it absorbed some of the Arthur Andersen & Co operations. 'I was at the right place at the right time'At EY, Swaroop shone. Swaroop told BI he read about Lucy Kellaway, the Financial Times editor who left journalism to become a trainee teacher. AdvertisementThree years on, Swaroop told BI he feels energized and inspired in his new career — even if he now earns a fraction of what he used to.

Persons: —, Deepak Swaroop, Swaroop, Arthur Andersen, India Swaroop, EY, Lucy Kellaway, Kellaway, wouldn't Organizations: Service, Harvard, MIT, Business, Arthur Andersen & Co, Arthur Andersen &, Enron, Automation, Financial Times Locations: EY, London, India, Delhi, Mumbai, Europe, East, Africa

Baby boomers dominate America's housing market. But as they age out, millions of homes will be up for grabs, and Gen Z is poised to benefit.

Persons: Z

☆ Musk visits German Tesla Gigafactory after suspected arson attack
▼ + stars: | 2024-03-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Odd Andersen | Afp | Getty ImagesElon Musk on Wednesday visited the Tesla Gigafactory near Berlin, which was forced to halt production last week after losing power during a suspected arson attack. Tesla workers stand outside they wait for arrival of Tesla head Elon Musk outside the Tesla Gigafactory on March 13, 2024 near Gruenheide, Germany. Maja Hitij | Getty Images News | Getty ImagesElon Musk, chief executive officer of Tesla Inc., arrives at the Tesla plant in Gruenheide, Germany, on Wednesday, March 13, 2024. Last week, the Gigafactory was left without power and had to temporarily stop production after a suspected arson on an electric substation close by. A banner with the words "Elon" and "Eloff" hangs in the camp of the "Stop Tesla" initiative in a pine forest near Fangschleuse near the Tesla Gigafactory Berlin-Brandenburg plant.

Persons: Elon Musk, Odd Andersen, Musk, Tesla, Maja Hitij, Krisztian Bocsi, Elon, Sebastian Gollnow Organizations: Afp, Getty, Tesla Inc, Bloomberg, CNBC Locations: Gruenheide, Berlin, Brandenburg, Germany, Fangschleuse

With bitcoin hitting new record highs, the crypto world is bracing for the next "halving," which occurs every four years. We break down how it works and what it means for investors. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Organizations: Business

☆ Tesla’s Berlin factory comes back online as power is restored after arson attack
▼ + stars: | 2024-03-12 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London/Berlin CNN —Production at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack. Now production at the factory should be gradually ramped up, CNN affiliate RTL has reported. Prices in Germany for Model Y vehicles, the only cars manufactured at the factory, start at €44,990 ($49,196). That means a week of output is worth about €324 million ($354 million) in sales for Tesla. An aerial view of the Tesla car plant near Berlin on March 10, 2024.

Persons: E.DIS, ”, Tesla, Odd Andersen, ” Musk, Stephanie Halasz Organizations: Berlin CNN —, CNN, “, RTL, Elon Musk’s, Tesla, EVs, Getty, Volcano Group, Reuters Locations: Berlin, —, Europe, Germany, London

☆ Why Daylight-Saving Time Is Bad for Your Health
▼ + stars: | 2024-03-08 | by ( Sarah Andersen | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

Moving clocks forward by an hour might seem harmless. But many are calling for an end to daylight-saving time because it could harm our health. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Organizations: Business

The 2024 presidential election is looking to be a Trump vs. Biden rematch. Our reporter debunks six common misconceptions surrounding the two candidates on topics like policy positions and personal backgrounds.

Persons: Biden Organizations: Trump

☆ Ikea is betting you'll come to its coworking space in a mall, then shop at one of its stores
▼ + stars: | 2024-02-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Ingka Group, which runs most Ikea stores, is leading the charge. One mall that Ingka recently acquired in the English city of Brighton included an Apple store and a Zara store. It added an Ikea store in the mall where a now-closed department store used to stand. The Ikea stores in these malls are often smaller than one of the brand's typical warehouses, which tend to be located in their own buildings on the outskirts of cities. In the US, Ikea has also opened some showroom-style stores built around complete setups for bedrooms, kitchens, and other rooms.

Persons: —, Hej, Cindy Andersen, Ingka's Anderson, Ikea's Organizations: Wall Street, Service, Ikea, Ingka, Apple, Business Locations: Swedish, Malls, California, San Francisco, English, Brighton, Zara, London

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