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☆ 3 ways to tap into your retirement fund early without paying a penalty, according to a certified expert
▼ + stars: | 2024-05-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

If you're thinking about early retirement but don't have a stash of cash, one option is to tap into your retirement fund. Under certain conditions, the Internal Revenue Service will allow withdrawals from an IRA or employer-sponsored retirement account before the retirement age without penalty for certain reasons. Before tapping a 72(t)Related storiesBlackston advises his clients to seek alternative options before resorting to Rule 72(t). But you can only tap into it through your current employer-sponsored retirement account, and your employer's program must allow for it. The upside is that it doesn't drain your retirement account and could last longer.

Persons: you'll, Drew Blackston, There's, SEPP, you've, Blackston, Tapping, it's, It'll Organizations: Pearl Wealth Group, Internal, Service, IRS

☆ Another top OpenAI exec just announced he's out, hours after Ilya Sutskever said he's leaving the company
▼ + stars: | 2024-05-15 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

Jan Leike, the co-lead of OpenAI's superalignment group, announced his resignation on Tuesday. Leike's exit follows the departure of Ilya Sutskever, OpenAI cofounder and chief scientist. Leike co-led OpenAi's superalignment group, a team that focuses on making its artificial intelligence systems align with human interests. Leike announced his departure hours after Ilya Sutskever, the other superalignment leader, said he was exiting. In a post on X, OpenAI cofounder Sam Altman said, "Ilya and OpenAI are going to part ways.

Persons: Jan Leike, OpenAI's, Ilya Sutskever, —, shakeup, Leike, OpenAi's, OpenAI, Sutskever, Sutskever's, Sam Altman, Ilya, Altman, Diane Yoon, Chris Clark, Yoon, Clark, Leopold Aschenbrenner, Pavel Izmailov, Daniel Kokotajlo, William Saunders Organizations: Service, Business Locations: OpenAI

☆ The pandemic has changed when Americans expect to retire
▼ + stars: | 2024-05-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Most non-retired adults have some type of retirement savings, but only 36% think their savings are on track. New research from economists at the Federal Reserve Bank of New York finds that this retirement savings deficit hasn’t made a dent in when Americans plan to exit, or partially exit, the workforce. “The pandemic-induced change in retirement expectations may continue to affect the labor market in years to come,” they wrote. Yes, but: This is a survey of expectations, researchers at the New York Fed are quick to point out. Just because Americans say they plan to shift to part-time work or retire early, it doesn’t mean that they’ll be able to.

Persons: Felix Aidala, Gizem Kosar, Wilbert van der, ”, They’re, Alicia Wallace, delinquencies, Joelle, CNN’s Parija, Donna Morris, Morris, ” Morris Organizations: CNN Business, Bell, New York CNN, Census, Federal Reserve Bank of New York, Social Security, New, Survey, SCE, triannual, Social, Social Security Agency, Lawmakers, New York Fed, Federal Reserve Bank of New, “, Public Policy Research, Credit, Walmart, CNN, San Francisco Bay Area Locations: New York, United States, York, Federal Reserve Bank of New York, Bentonville , Arkansas, Walmart’s Dallas, Atlanta, Toronto, Bentonville, San Francisco Bay, Hoboken , New Jersey

☆ It was their job to make sure humans are safe from OpenAI's superintelligence. They just quit.
▼ + stars: | 2024-05-15 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

And the fact that there aren't such controls in place yet is a problem OpenAI recognized, per its July 2023 post. Our current techniques for aligning AI, such as reinforcement learning from human feedback , rely on humans' ability to supervise AI," read OpenAI's post. "But humans won't be able to reliably supervise AI systems much smarter than us, and so our current alignment techniques will not scale to superintelligence. AdvertisementLeike — who worked at Google's DeepMind before his gig at OpenAI — had big aspirations for keeping humans safe from the superintelligence we've created. "Maybe a once-and-for-all solution to the alignment problem is located in the space of problems humans can solve.

Persons: —, Sam Altman, Ilya Sutskever, Altman, Sutskever, he's, Jan Leike, Leike, OpenAI, superalignment, we're, Google's DeepMind, OpenAI — Organizations: Service, Business, OpenAI Locations: OpenAI

☆ I pay $1,450 a month to live on a houseboat in Toronto—'the best decision I ever made': Take a look inside
▼ + stars: | 2024-05-14 | by ( Kate Fincham | ) www.cnbc.com time to read: +6 min

Buying a houseboat: 'It felt like the perfect place for me'I visited one of the houseboats the following week. Moving aboard: 'The best decision I ever made'Going straight into a Canadian winter as a houseboat novice is generally considered a poor decision. Three years later, I regard buying my houseboat as the best decision I ever made. Courtesy of Kate FinchamMy bathroom has a typical residential toilet (which flushes into a holding tank below) and a bathtub. This area acts as my living room, dining room, and office, and features a wood stove and sliding glass doors that exit onto my back deck.

Persons: I've, I'd, Kate, Kate Fincham, Charlie, Finn, it's Organizations: Swans, Insurance Locations: Toronto

☆ Will a cruise ship wait for me if I'm running late at a port stop? Here's what a captain has to say.
▼ + stars: | 2024-05-14 | by ( Joey Hadden | ) www.businessinsider.com time to read: +4 min

AdvertisementWill the captain wait for you? Joey Hadden/InsiderWhen will a cruise ship wait for passengers? Since the excursion is supposed to only take place within the allotted port time, the ship will wait for passengers coming from a cruise line excursion that's running late. AdvertisementIf you're behind schedule, call the ship agent to alert the cruise that you're running late, he said. Joey Hadden/InsiderWhether the ship can wait for you, however, will depend on how late you'll be, he added.

Persons: —, Rob Hempstead, who's, Coco, Joey Hadden, you've, that's Organizations: Service, reboarding, CNN, Business, Royal, Oasis, Cruise, BI Locations: Norwegian, Africa, São, Dakar, Senegal, Motril, Spain, Hampstead, Royal Caribbean, Bahamas

☆ Red Lobster closing at least 99 locations as its future comes into question
▼ + stars: | 2024-05-14 | by ( Rob Wile | ) www.cnbc.com time to read: +2 min

A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain's long-term future. Last month, CNBC reported Red Lobster was seeking a buyer as it looked to avoid a bankruptcy filing, but none have materialized. Earlier this year, Thai Union, the largest investor in Red Lobster, announced it was seeking to exit its position. Red Lobster did not immediately respond to a request for comment.

Persons: Neal Sherman Organizations: TAGeX Brands, Business, CNBC, Thai Union Locations: Rohnert Park , California, Denver, Indianapolis, Rochester , New York, Sacramento , California, San Antonio, San Diego, U.S, Thai Union, Thai

☆ GameStop is surging for a second day — but one market guru calls the Reddit-fueled rally a 'speculation orgy'
▼ + stars: | 2024-05-14 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

GameStop shares soared once again ahead of Tuesday's opening bell. Other meme stocks like AMC and BlackBerry have also racked up big gains this week. Market gurus like Jim Chanos and Larry McDonald aren't convinced by the Reddit-fueled rally, though. AdvertisementGameStop and other big-name "meme stocks" kept rising ahead of Tuesday's opening bell — but some of the best-known voices in the market are highly skeptical about the rally. AMC, BlackBerry, and several other meme stocks — notable for their popularity on retail investing forums such as Reddit's r/WallStreetBets — also racked up major gains in early-morning trading.

Persons: Jim Chanos, Larry McDonald aren't, —, Keith Gill's, Gill, Kitty, Keith Gill, Roaring, Lol, Ferris, Larry McDonald, Jerome, Powell's Organizations: GameStop, AMC, BlackBerry, Service, Pirates

☆ Amazon's cloud CEO departs with dour views on his tenure, amid growing competition and AI woes
▼ + stars: | 2024-05-14 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +5 min

Selipsky's three years as AWS CEO were marked by mixed results. AdvertisementHe steered through some of the cloud business' slowest growth rates, largest layoffs, and biggest challenges in the artificial intelligence space. AdvertisementAmazon's generative AI service Bedrock was delayed after originally being scheduled to launch in the fall of 2022, the person said. Garman was once considered a frontrunner to replace former AWS CEO Andy Jassy in 2021 when Jassy took over as Amazon's CEO. Some insiders referred to Selipsky as "just a sales guy" and "uninspiring," as the cloud leader faced unprecedented competition in generative AI.

Persons: —, Adam, Selipsky, shakeup, Patrick Neighorn, Matt Garman, Garman, Andy Jassy, Jassy, Amazon, Ashley Stewart Organizations: Service, Web Services, Business, AWS, Amazon, BI, Rivals Microsoft, Google

☆ Justice Department says Boeing breached 2021 agreement that shielded it from criminal charges over 737 Max crashes
▼ + stars: | 2024-05-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing violated a 2021 deferred prosecution agreement that protected it from criminal charges tied to the fatal 737 Max crashes, the Justice Department said Tuesday. Boeing could now be subject to U.S prosecution, the Justice Department said in a filing in U.S. federal court in Texas. It said it still determining "how it will proceed in this matter" and that Boeing will have 30 days to respond. The airplane manufacturer broke the agreement by "failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations," the Justice Department said. Boeing has been under heightened federal scrutiny after a door panel blew out midair from a 737 Max 9 operated by Alaska Airlines on Jan. 5.

Persons: Max Organizations: Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board Locations: Texas

But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.

Persons: —, SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank

☆ I'm a Gen Zer who moved to London from the US. I wouldn't recommend it if you're used to American salaries and social life.
▼ + stars: | 2024-05-14 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

AdvertisementMoving to London can be tough if you're used to American salaries and social lifeI've looked into moving to New York. My friend who moved to New York when I moved to London started at $80,000. One of my favorite things about London is anytime people from home come over, I'm like, "Let's take a trip." I want to try other cities, but I think I'm just going to end back up in London. I really love London.

Persons: —, Gladys Nkengasong, I've, Nkengasong, Let's, let's, It's, I'm Organizations: Service, Business Locations: Atlanta, Ivory Coast, England, Southampton, London, New York, Canada, Europe, France

☆ Investors need an exit plan from meme trade revival, says Trade-Ideas' Michael Nauss
▼ + stars: | 2024-05-14 | 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 EmailInvestors need an exit plan from meme trade revival, says Trade-Ideas' Michael NaussMichael Nauss, Trade-Ideas chief market strategist, joins 'Power Lunch' to discuss the meme stock mania and how to trade it this time.

Persons: Michael Nauss Michael Nauss Organizations: Investors

☆ One auto stock is quietly breaking out as Tesla struggles. Citi sees a double from here
▼ + stars: | 2024-05-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts think General Motors will emerge as a bright spot in an automobile industry challenged by a weakening electric vehicle market. But Wall Street firms including Citigroup and Bank of America now think General Motors can strengthen its position in EVs. GM TSLA YTD mountain General Motors stock has outpaced Tesla in 2024. The bank has a buy rating on General Motors with a $96 per share price target, implying 113% upside from Monday's $45.17 close. Murphy's $75 per share price target implies 66% upside over the next 12 months.

Persons: Tesla, Itay Michaeli, John Murphy, GM's, Murphy, Ryan Brinkman Organizations: EV, Elon, Citigroup, Bank of America, General Motors, GM, Wall, Citi, JPMorgan Locations: EVs

Tbilisi, Georgia CNN —Georgia’s parliament has passed a controversial “foreign agents” bill despite widespread domestic opposition and warnings from the European Union that its enactment would imperil the country’s chances of joining the bloc. Many Georgians fear their foreign agents bill will be used the same way in their country. Georgia’s parliament now has 10 days to send the bill to President Salome Zourabichvili, who has already vowed to veto it. However, EU leaders have made it clear that the foreign agents bill’s passage would jeopardize Georgia’s chances of accession. Georgian law enforcement officers detain a demonstrator near the parliament in Tbilisi on May 14.

Persons: Georgia CNN —, Salome Zourabichvili, Zourabichvili, Giorgi Arjevanidze, Bidzina Ivanishvili, they’ve, Putin, ” Zourabichvili, Shakh, Levan Khabeishvili, “, ” Khabeishvili, ” Dmitry Peskov, Vladimir Putin’s, Irakli, CNN’s Christian Edwards, Anna Chernova, Vasco Cotovio Organizations: Georgia CNN, European Union, EU, United, Getty, Soviet Union, Georgian, CNN, European Locations: Tbilisi, Georgia, Russia, Ukraine, Europe, Soviet, United States, Caucasus, Turkey, Armenia, Azerbaijan, AFP, Russian, Moscow

☆ Melinda French Gates is resigning from the Bill & Melinda Gates Foundation
▼ + stars: | 2024-05-13 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Melinda French Gates said Monday she would resign as co-chair of the Bill & Melinda Gates Foundation that she has helped lead since 2000. As part of her separation agreement from former husband Bill Gates, French Gates said she will receive an additional $12.5 billion for her charitable work. Bill Gates and French Gates announced their divorce in May 2021. Gates will remain in control and, essentially, buy French Gates out of the foundation, Suzman said at the time. The Bill & Melinda Gates Foundation did not immediately respond to CNN’s request for comment.

Persons: Melinda French Gates, Melinda Gates, Bill Gates, French Gates, Gates, “, Mark Suzman, Melinda, ”, Suzman, ” Suzman Organizations: New, New York CNN, Melinda Gates Foundation, Gates Foundation, Ventures Locations: New York, Gates, United States

☆ Israel pushes deeper into Rafah and battles a regrouping Hamas in northern Gaza
▼ + stars: | 2024-05-12 | by ( ) www.cnbc.com time to read: +6 min

Warnings continued against the growing offensive in Rafah, considered the last refuge in Gaza for more than a million civilians as well as Hamas' last stronghold. The two towns near Gaza's northern border with Israel were heavily bombed in the opening days of the war. Israel has now evacuated the eastern third of Rafah, and Hagari said dozens of militants had been killed there as "targeted operations continued." Israeli troops have captured the Gaza side of the Rafah crossing, forcing it to shut down. Smoke billows after Israeli bombardment in central Gaza City on March 18, 2024, amid the ongoing battles between Israel and the militant group Hamas.

Persons: Antony Blinken, Israel, Volker Turk, Benjamin Netanyahu, Hatem Khaled, Netanyahu, Abdel, Kareem Radwan, Daniel Hagari, Ben Caspit, Khan Younis, Hagari Organizations: Hamas, Afp, Getty, U.S, CBS, International Court of Justice, United Nations, Palestinian Authority, West Bank, Health Ministry, Palestinian Civil Defense, Al Qahera News Locations: Rafah, Gaza, Israel, RAFAH, Egypt, South, United States, Palestinian, Gaza City, Jabaliya, Beit Lahiya, Gaza's, Hamas, Israel's

☆ China’s Xi Jinping highlights Europe’s divisions ahead of expected Putin visit
▼ + stars: | 2024-05-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.

Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, ”, Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, ”, Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, ”, Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary

☆ Jack Dorsey said Twitter's board 'has always been a problem' and that he plotted his exit from the firm because of its activist investor
▼ + stars: | 2024-05-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Jack Dorsey said Twitter's board — and its activist investor — prompted him to plan an exit from the firm. "I was happy to see it end," Dorsey said of the board when Elon Musk took Twitter private. AdvertisementDorsey told Solana that earlier on, he'd tried to bring Musk onto Twitter's board but was stopped twice. In April 2022, Musk joined Twitter's board of directors after taking a 9.2% stake in the company. But Dorsey said he was also unhappy with the board because of an activist investor seeking to boot him, he said.

Persons: Jack Dorsey, —, Dorsey, Elon Musk, Mike Solana, Parag Agrawal, Solana, he'd, Musk, Paul Singer, Elliot Management's, It's, Dorsey didn't, Bluesky, Donald Trump, Nick Fuentes Organizations: Elon, Twitter, Service, Fund, Elliott Management

☆ Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
▼ + stars: | 2024-05-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in London, on May 9, 2024. Markets on Friday were pricing in an around 48% chance of a rate cut in June according to LSEG data, slightly higher than Thursday's 45% probability. "The broader message and the tone of the MPC were more dovish than we had anticipated," they said in a note published following the BOE's latest interest rate decision. The central bank on Thursday said it would leave interest rates unchanged for now, and stressed that a June rate cut was in no way guaranteed. Two members of the Monetary Policy Committee voted to cut rates, one more than at the central bank's previous meeting.

Persons: Andrew Bailey, Yui Mok, YUI MOK, BOE Organizations: England, Bank of England, The Bank of England, Getty, Swiss Bank UBS, MPC, Monetary Locations: London

☆ Schonfeld's head macro researcher is leaving after less than a year to join Bridgewater
▼ + stars: | 2024-05-10 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Jerome Saragoussi, Schonfeld's top macro researcher, is set to join Bridgewater Associates. Saragoussi's exit follows the departure of macro trader Ben Melkman for Bridgewater. Schonfeld's top macro researcher is leaving after less than year to join hedge fund giant Bridgewater Associates. Jerome Saragoussi, head of macro research and strategy at Schonfeld Strategic Partners, is expected to join Bridgewater in June, according to people familiar with the matter, who weren't authorized to speak publicly about the move. The move reunites Saragoussi with macro trader Ben Melkman, who recently joined Bridgewater, the industry's largest hedge fund by assets, in a senior role after a brief spell at Schonfeld.

Persons: Jerome Saragoussi, Ben Melkman, Schonfeld, Colin Lancaster, Mitesh, weren't Organizations: Bridgewater Associates, Schonfeld Strategic Partners, Bridgewater, Business Locations: Bridgewater

☆ JPMorgan says this simple 2-step, long-term investing approach allows you to maximize returns and achieve your financial goals while minimizing portfolio management headaches and costs
▼ + stars: | 2024-05-10 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

For most investors, holding just one passive global stock market fund and one passive global bond market fund over the long term is the best way to construct a portfolio, the strategists said. While some more time-consuming, complicated strategies may allow for higher returns, this approach gives investors the best all-around bang for their buck, Loeys and Wise said. Our point is instead that we believe you can achieve most, if not all of your financial objectives by following our KISS approach. Two stock funds that do this include the Vanguard Total World Stock Index Fund (VTWAX) and the SPDR Portfolio MSCI Global Stock Market ETF (SPGM). For investors who want to do more with their portfolio, Loeys and Wise suggested dedicating 80%-90% of one's portfolio to the above strategy, and using the other 10%-20% on other investments.

Persons: Jan Loeys, Alexander Wise, Wise, Joeys, Loeys Organizations: JPMorgan, Business, KISS, Index, Stock Market, Bond, Fidelity

☆ Oprah Winfrey: I set an unrealistic standard for dieting
▼ + stars: | 2024-05-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

New York CNN —Oprah Winfrey said on Thursday evening that she has long played a role in promoting unhealthy and unrealistic diets. I cannot tell you how many weight loss shows and makeovers I have done and they have been a staple since I’ve been working in television,” she said. Winfrey told People Magazine in December that she has added a “weight-loss medication to her regimen” but didn’t specify which drug. Winfrey and WeightWatchersWinfrey left the board of WeightWatchers, ending a nearly decade-long stint as a director of the beleaguered company, in February. “I will say that I was on the board at the time there were discussions about whether or not WeightWatchers would move into weight loss medications,” Winfrey said on Thursday.

Persons: Oprah Winfrey, ”, I’ve, makeovers, Winfrey, Rebel Wilson, Amber Riley, Sima Sistani, Sistani, WeightWatchers Winfrey, ” Winfrey, Oprah, WeightWatchers, ” WeightWatchers, Jimmy Kimmel, “ Organizations: New, New York CNN, YouTube, WeightWatchers, Magazine, National Museum of, Goldman Sachs Locations: New York

☆ GM can regain market share in China after hitting 20-year low, executive says
▼ + stars: | 2024-05-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Reuss also touted the competitiveness of GM's Chinese joint venture partners such as Wuling Motors. GM's market share in China, including its joint ventures, has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003. DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market conditions and increased domestic competition, GM President Mark Reuss said Thursday. The market declines have spurred questions on whether GM would exit China, as it has other underperforming markets in recent years. The automaker said Steve Hill, currently GM's vice president of global commercial operations, would succeed GM China President Julian Blissett, effective June 1.

Persons: Mark Reuss, Reuss, " Reuss, Mary Barra, Steve Hill, Julian Blissett Organizations: Hamtramck Assembly, Wuling Motors, GM, Buick, DETROIT –, Motors, JV, Financial Times, Car, U.S . GM's, Chevrolet, China Locations: Detroit, Hamtramck, Michigan, China, DETROIT, U.S . GM's U.S

☆ Opinion: I’m a flight attendant. You need to get over your reclining seat rage
▼ + stars: | 2024-05-09 | by ( Opinion Heather Poole | ) edition.cnn.com time to read: +6 min

While I dread these altercations, I think some passengers need to chill out — people have the right to recline their seat. So, you’d think that 150 lighter seats per flight will certainly save an airline a ton of money. A lighter seat that doesn’t recline is also a seat that is less likely to break, which saves an airline money in repairs. But after 28 years in the job, I’ve found there’s some basic reclining etiquette that makes for a smoother flight for everyone. But on coach, middle seat passengers struggle to type because there’s no arm space.

Persons: Heather Poole, Read, ”, Coke, “, he’s, you’ll, “ I’ve, aren’t, I’ve, it’s, Shaquille O’Neal Organizations: Passengers, CNN, Air, American Airlines Locations: London, New York, Air France, Europe

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