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Tesla is planning to rollout its robotaxis in China, state-owned newspaper China Daily reported. Elon Musk suggested implementing Tesla's Full Self-Driving technology in China's taxi services. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla CEO Elon Musk is looking to to deploy his company's Full Self-Driving (FSD) technology in China's taxi services, Chinese state-owned newspaper China Daily reported on Tuesday. The Tesla chief made a surprise visit to China last month, where he met the country's second-highest-ranking politician, Premier Li Qiang.
Persons: Tesla, Elon Musk, , Li Qiang Organizations: China Daily, Service, Tesla, Bloomberg Locations: China
U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. Tech stocks, which would be boosted by rate cuts, have been a big part of that rally — with Meta , Alphabet and Amazon in particular having a strong showing over the past couple of weeks. Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. Kevin Liu, managing director and strategist at CICC Research, said his conviction call would be a structural barbell allocation with themes including tech names "with high-end upgrading opportunities," among others. Stock screen Against this backdrop, CNBC Pro screened FactSet for stocks from four exchange-traded funds (KraneShares CSI China Internet ETF, Vanguard Information Technology ETF, Invesco China Technology ETF and the iShares MSCI China Multisector Tech ETF) to find stocks that: have beaten the S & P 500's around 9% year-to-date performance.
Persons: Bernstein, Kevin Liu Organizations: Dow Jones, Tech, UBS, CICC Research, CNBC Pro, CSI China Internet, Vanguard Information Technology, China Technology ETF, China Multisector Tech Locations: China
Gold stocks Among Teng's top gold picks is Canadian miner Barrick Gold . Gold ETFs Aside from stocks, Teng recommended that investors consider exchange-traded funds (ETFs) as a good way to gain exposure to the yellow metal. "ETFs are highly liquid and can be bought and sold daily on the open market, making it easy to adjust a portfolio's gold exposure when needed," he said. He added that ETFs with exposure to the mining sector were an "attractive option," highlighting the VanEck Gold Miners ETF ( GDX ) and VanEck Junior Gold Miners ETF ( GDXJ ). While Teng is bullish on specific stocks within the ETFs, he notes that they broadly capture "the most popular large-cap and mid-cap gold miners funds," thereby offering a "relative balance in one's gold portfolio."
Persons: Kevin Teng, Teng, Barrick, Newmont, Will McDonough, McDonough Organizations: Wrise, CNBC Pro, Barrick Gold, Newmont Corporation, Wall, Coeur Mining, Hecla Mining, New York Stock Exchange, BHP, Gold Miners
Boeing is lauding an employee who reported a lapse with the 787 Dreamliner's safety checks. A senior Boeing executive said the employee should be celebrated for doing the "right thing." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Boeing employee who raised an issue with the 787 Dreamliner's quality checks to his superiors did the "right thing," a senior executive of the company said last week. "I wanted to personally thank and commend that teammate for doing the right thing," Scott Stocker, who heads the 787 manufacturing program, said in an internal memo on April 29.
Persons: , Scott Stocker, " Stocker Organizations: Boeing, Service, Business
For a celebrity, being referenced in a Taylor Swift song can cause a PR crisis. Advertisement"He's showing due deference to the power of Taylor Swift," Nierman said. The Kim Kardashian method: Let anonymous sources do the talkingTaylor Swift and Kim Kardashian at the 2015 VMAs. "I don't think Taylor Swift really needs to negotiate with anyone. Advertisement"Everything is done for a reason and any person would be a fool to bet against or to cross Taylor Swift," Nierman said.
Persons: Taylor, Joe Alwyn, Matty Healy, Kim Kardashian, , Taylor Swift, Swift, Healy, TMZ, reveling, artfully, Robert Kamau, who's, Evan Nierman, Banyan, John, recoils, Erik Bernstein, Bernstein, hasn't, Nierman, Healy's, what's, Jackson Lee, Alwyn hasn't, Alwyn, Kevin Mazur, Aimee, aIMee, KIM, Kardashian, it's, John Mayer Organizations: BI, Service, Poets Department, Getty, Department, Swift, Rights Locations: New York City, London, Cincinnati , Ohio
Read previewMicrosoft's chief technology officer said partnering with OpenAI was "basically a bet" on Sam Altman's company. Kevin Scott gave insight into his decision-making that led to Microsoft's alliance with OpenAI in 2019 on an episode of Reid Hoffman's podcast "Possible" last week. This story is available exclusively to Business Insider subscribers. It was sent just weeks before Microsoft announced its $1 billion investment in OpenAI and subsequent partnership. Microsoft didn't immediately respond to a request for comment from Business Insider, sent outside normal working hours.
Persons: , OpenAI, Sam Altman's, Kevin Scott, Reid, Scott, who's, Bill Gates, Satya Nadella, OpenAI's, Turing, Phi Organizations: Service, OpenAI, Business, Microsoft, Department, Google, MAI Locations: OpenAI
Donald Trump posted — and then quickly deleted — a statement Tuesday raging over the witness schedule and the judge in his criminal hush money trial. Trump fumed that prosecutors are not telling defense attorneys which witnesses they plan to call until the day before the witness testifies. "I have just recently been told who the witness is today. This is unprecedented, no time for lawyers to prepare," Trump wrote in the post. Prosecutor Joshua Steinglass told Merchan on Monday the Manhattan District Attorney's office is keeping its witness schedule hidden, in order to stop Trump from targeting people right before they take the stand.
Persons: Donald Trump, Stormy Daniels, Judge Juan Merchan, Trump, Joshua Steinglass, Merchan Organizations: Manhattan District, Trump Locations: Manhattan, New York City, U.S
Kevin O'Leary said he would've fired the Hims & Hers CEO for backing the pro-Palestinian protests. AdvertisementHims & Hers CEO Andrew Dudum should have been fired immediately for supporting the pro-Palestinian student protesters, says "Shark Tank" host and investor Kevin O'Leary. On May 1, Dudum said in an X post that student protesters should "keep going" because "it's working." People are very polarized by this war, as they are in every war," O'Leary said. Last week, the businessman said in an interview on Fox News' "The Five" that pro-Palestinian student protesters will be "screwed" when they start job hunting.
Persons: Kevin O'Leary, would've, Andrew Dudum, " O'Leary, Dudum's, , O'Leary, Dudum, you’re, Dudum didn't, CNN's Laura Poole Organizations: Service, Palestinian, Fox Business, Columbia University, UCLA, BI, Fox News, Google, National Labor Relations Board Locations: Israel, Gaza
Republican presidential candidate and former U.S. President Donald Trump gestures while he walks with his attorney Todd Blanche, as his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016 continues, at Manhattan state court in New York City, U.S., May 6, 2024. A federal judge Tuesday indefinitely postponed the criminal classified documents trial of former President Donald Trump, a court filing shows. The trial, on charges that Trump willfully retained classified national security records after leaving the White House and then hid them from federal authorities, was scheduled to start May 20. This is breaking news. Please check back for updates.
Persons: Donald Trump, Todd Blanche, Stormy Daniels, Trump Organizations: White House Locations: Manhattan, New York City, U.S
But that wasn't enough for Wall Street, with the stock diving as much as 11% following the earnings report, its worst daily decline in 18 months. Related storiesWhile Disney+ added 6.3 million new subscribers in the quarter, its total number of streaming subscribers, 153.6 million, was below Wall Street estimates by about 2 million. AdvertisementThe sharp move lower highlights the high standard Wall Street has set for Disney's streaming portfolio, which includes Disney+, Hulu, ESPN, and India's Hotstar. So far, that doesn't appear to be happening, at least not at a quick enough pace for Wall Street. And while Disney's streaming business is moving in the right direction overall, it will likely still be a bumpy ride ahead for the unit to deliver consistent profits.
Persons: , India's, Hugh Johnston, Geetha Ranganathan, Kevin Organizations: Service, Business, Disney, ESPN, Netflix, Wall, Wall Street, Bloomberg Intelligence Locations: Hulu, India
CNN —Weightlifter Oleksandr Pielieshenko, who competed for Ukraine at the 2016 Rio Olympics, has died while fighting in his country’s war with Russia, according to statements from the Ukraine Olympic Committee and the Ukraine Weightlifting Federation posted Monday. The 30-year-old Pielieshenko was a two-time European gold medalist, winning the 85kg weight class at the 2016 and 2017 European Weightlifting Championships. “We express our deepest condolences to the family and everyone who knew Oleksandr!” the Ukraine Weightlifting Federation said Monday in its statement. CNN has reached out to the Ukraine Olympic Committee and the Ukraine Weightlifting Federation for more information. Ukrainian national weightlifting coach Viktor Slobodianiuk said in a social media post: “War takes the best… Honored Master of Sports of Ukraine, two-time European champion, Olympic weightlifting contestant Oleksandr Pielieshenko heroically died defending Ukraine from invaders.
Persons: Oleksandr Pielieshenko, , Ukraine Oleksandr Pielieshenko, , Oleksandr, Bright, Viktor Slobodianiuk Organizations: CNN, Ukraine Olympic Committee, Ukraine Weightlifting, Olympic, Armed Forces, Ukraine Weightlifting Federation, Sports Locations: Ukraine, Russia, Ukrainian
Simple outfits worked for Jeff Bezos and Lauren Sánchez. Jeff Bezos and Lauren Sánchez attend the 2024 Met Gala. Kevin Mazur/Getty ImagesThe Amazon founder, who has an estimated $200 billion fortune , skipped the Met Gala red carpet. But he eventually joined his fiancée Lauren Sánchez at the top of the Metropolitan Museum steps and showed off his black tuxedo and bow tie. The couple looked chic, classy, and ready for a Met Gala dinner.
Persons: Jeff Bezos, Lauren Sánchez, Kevin Mazur, Oscar, la, neckline Organizations: Metropolitan Museum
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. That trust had been shaken by Palo Alto's brutal report in February, which caused a steep sell-off in the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Morgan Stanley, It's, Jeff Marks, we're, Palo, We've, Jim Cramer's, Nikesh Arora, Jim Organizations: CNBC, Dow, Nasdaq, Costco, Disney, Barclays, Palo Alto Networks Locations: Government, Palo Alto
Mustafa Suleyman, a founder of Google's DeepMind AI lab, has worked for Microsoft for about a month. Microsoft, Suleyman said, is "a truly AI-first business." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMustafa Suleyman, who co-founded Google's DeepMind AI lab and was the chief executive of the startup Inflection AI before Microsoft lured him away in March, is excited about his new gig. 5/5 At Microsoft AI we are up for this.
Persons: Mustafa Suleyman, Google's, Suleyman, , I've, It's, it's, — Mustafa Suleyman, Satya Nadella, Kevin Scott, Nadella, Suleyman's, he's Organizations: Microsoft, Service, Business
Berlusconi, Cicchitto said, was accompanying Putin on a hunting trip in the Russian countryside when Putin spotted a pair of deer. After shooting the deers, Putin told Berlusconi he would prepare an extraordinary meal with it, per Cicchitto's recount. According to Cicchitto, Putin proceeded to cut open one of the deer's body with a hunting knife. Berlusconi might have balked at Putin's culinary offering, but the former Italian prime minister shared a close relationship with Putin. In fact, eating a deer's heart is probably not that strange once you consider what else Putin has done with animals, per prior accounts.
Persons: , Vladimir Putin, Silvio Berlusconi, Fabrizio Cicchitto, della Sera, Berlusconi, Cicchitto, Putin, Silvio, Putin's machismo, he's, didn't Organizations: Service, Forza Italia, della, Business, BI Locations: Italian, Russia, Russian, Cicchitto, Ukraine
China stocks have staged such a strong rally after a protracted slump for the past few years that they're beating even the S & P 500 so far this year. The MSCI China index, which includes the mainland A-shares, Hong Kong-listed shares and U.S.-listed China names, has jumped around 9%, while the KraneShares CSI China Internet ETF is up around 13%. Most analysts said whether the rally can be sustained will largely depend on China policy. How to play China Though most were bullish on China stocks, they would be selective in stock-picking. They include: SPDR S & P China ETF iShares MSCI China A ETF Global X MSCI China Consumer Disc ETF iShares MSCI Hong Kong ETF — CNBC's Michael Bloom contributed to this report.
Persons: Bernstein, it's, , Goldman Sachs, Kevin Liu, CICC, Nomura's, Goldman, Kweichow, Ping, Morningstar, Michael Bloom Organizations: U.S, CSI China, Investors, CICC Research, CNBC, BYD, SAIC, Changan Automobile, Energy, Anhui, Cement, JPMorgan, Kuaishou, Ping An Insurance, China Merchants Bank, Hong, China, iShares, China Consumer Locations: China, Hong Kong
Kim Kardashian returned to the Met Gala on Monday night in another extreme corset. In 2019, Kardashian wore a corset that was so tight she had to take special breathing lessons. AdvertisementSome people have extreme sports, Kim Kardashian has the Met Gala. Kardashian wore a custom John Galliano ensemble to the Met Gala on Monday night. Gilbert Flores/Variety via Getty ImagesKardashian is known for taking extreme measures to pull off her big Met Gala moments.
Persons: Kim Kardashian, John Galliano, Kardashian, , Dimitrios Kambouris, Gilbert Flores, Thierry Mugler, Kevin Mazur, I'm, Marilyn Monroe's, Monroe, John F, Kennedy, Angela Weiss, Bob Mackie Organizations: Service, Metropolitan Museum of Art, The Met Museum, Variety, Getty, Vogue
The remains of the Key Bridge in the Patapsco River entrance to Baltimore Harbor on May 2, 2024, in Baltimore, Maryland. Van der Steene says the Maersk team has seen less than 200 containers taken off the Dali over the last nine days. But based on North American freight orders from Asia, Van der Steene described 2024 as a "year of reinvigoration." Peak shipping season, which starts in June and continues through the summer for the back to school shopping and then the holidays, is expected to be normal in volume, Van der Steene said. "There's nothing that indicates that it would be a slower peak season or a bigger peak season," said Van der Steene.
Persons: Moller, Charles Van der Steene, Brendan Smialowski, Dali, Francis Scott Key, Van der Steene, Maersk, Kevin Dietsch, Van de Steene, Vincent Clerc, Good Hope, Chip Somodevilla, Van der Organizations: Maersk, Port, Unified Command, CNBC, Afp, Getty, Dali, Salvage, Francis Scott Key Bridge, North, Shipping, Imports, U.S Locations: Port of Baltimore, Baltimore, Maersk North America, Patapsco, Baltimore Harbor, Baltimore , Maryland, Port, Norfolk, Newark, Good, North America, Panama, Asia, U.S, Europe, Vietnam, China, Mexico, United States
Jon Stewart says Joe Biden, 81, is just too old to be president. AdvertisementA second Trump term may be frightening, but President Joe Biden is just too old to be reelected, says comedian Jon Stewart. "I know liberals say, 'Don't say Joe Biden is old' — don't say what people see with their own eyes," Stewart said of the 81-year-old president. Advertisement"I'm not saying that Biden can't contribute to society, he just shouldn't be president," Stewart told his audience. Representatives for Stewart, Biden, and Trump didn't immediately respond to requests for comment from BI sent outside regular business hours.
Persons: Jon Stewart, Joe Biden, Stewart, Biden, , Trump, Donald Trump, that's, Biden's, hasn't, Trump's Organizations: Service, Trump, Netflix, Hollywood, Biden, Oval, MSNBC, BI, Politico
"Commander, say hello to Cricket for me," Noem wrote in her memoir. Noem said of Biden's family dog, Commander, in an appearance on CBS's "Face the Nation" on Sunday. Advertisement"I hated that dog," Noem wrote in her book, which is set to be published on Tuesday. In her book, Noem also referenced Commander, and suggested that the Bidens' dog meet the same fate Cricket did. "Commander, say hello to Cricket for me," Noem wrote in her memoir, per an excerpt obtained by CNN.
Persons: Joe Biden should've, Kristi Noem, Noem, , Joe Biden, Joe Biden's, Margaret Brennan, Brennan, Biden didn't, Donald Trump's, Trump, Ron DeSantis, Sen, Tim Scott of, Ohio's Sen, JD Vance Organizations: Service, GOP, CNN, White, WH, Biden, Noem, BI, Cricket, The New York Times, South Dakota Republican, Politico, Gov Locations: South Dakota, Florida, Tim Scott of South Carolina
Russia will make advances in the "coming period" even though US aid to Ukraine is coming, he said. "You can't instantly flip the switch," Sullivan said. Sullivan was speaking at The Financial Times Weekend Festival in Washington on Saturday when he offered his assessment of the Ukraine war. AdvertisementA counteroffensive, where Ukraine can "move forward to recapture the territory that the Russians have taken from them," will only take place in 2025, Sullivan said. Advertisement"The severity of this moment cannot be overstated: If we do not continue to support Ukraine, Ukraine could lose," said Cavoli, who is also NATO's Supreme Allied Commander in Europe.
Persons: Russia isn't, Jake Sullivan, Sullivan, , didn't, Sullivan's, Christopher Cavoli, Cavoli Organizations: Service, The Financial, BI, GOP, US, Armed, Institute for Locations: Ukrainian, Russia, Ukraine, Washington, Russian, Europe
Tyson Foods : Shares fell nearly 7% after the meat supplier issued a weak third-quarter outlook. I think the last story has not been written yet on Tyson," Jim Cramer said. Johnson Controls : Shares were basically flat Monday after UBS downgraded the stock to a hold-equivalent rating. Robinhood : The Securities and Exchange Commission informed Robinhood over the weekend that it could pursue enforcement actions tied to the brokerage's cryptocurrency operations. Robinhood shares were initially up more than 1% Monday, though they've given back some of the gains.
Persons: Jim Cramer's, Tyson, Jim Cramer, Baird, Cramer, Morgan Stanley, David Gitlin, Robinhood, they've Organizations: CNBC, Club, Tyson, Micron Technologies, Nvidia, Micron, . Steel, Japan's Nippon Steel, U.S . Steel, Johnson, UBS, Johnson Controls, Securities, Exchange Commission
A judge on Monday delivered a dire warning to Donald Trump: Stop violating the court's orders, or you will be thrown in jail. "I do not want to propose a jail sanction," Merchan said, but "that I will, if necessary." But he said he would not hastily take the drastic step of throwing Trump in jail for his continued contempt. Prosecutors then called to the witness stand Jeff McConney, the former longtime controller of the Trump Organization. McConney, who worked under the company's former chief financial officer Allen Weisselberg, previously gave emotional testimony in a New York civil business fraud trial against Trump.
Persons: Donald Trump, Stormy Daniels, Juan Merchan, Merchan, Trump, Jeff McConney, McConney, Allen Weisselberg Organizations: Trump, Prosecutors, Trump Organization, White Locations: Manhattan, New York City, U.S, United States, New York
Bad Bunny, Jennifer Lopez, Chris Hemsworth and Zendaya will co-chair this year's Met Gala for the exhibition "Sleeping Beauties: Reawakening Fashion." The first celebrities to appear will be Gala co-chairs Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth, the last of whom is making his Met Gala debut. What was the first Met Gala theme? Gwyneth Paltrow famously called the Met Gala “un-fun” in 2013 and said she’d “never” go again, but returned in 2017 (and 2019). Met Gala guests have often broken the no-social-media rule to give a more candid glimpse of who is hanging with who and what goes on behind closed doors.
Persons: CNN —, , Jared Leto’s, Rihanna, J.G, Ballard, Andrew Bolton, Bunny, Jennifer Lopez, Chris Hemsworth, Zendaya, James Devaney, Victor Aubry, Christina House, Neil Mockford, Bad Bunny, Anna Wintour, Wintour, Arturo Holmes, Karl Lagerfeld, Rei Kawakubo, Charles James, Christian Dior, Alexander McQueen, Gianni Versace, Angela Weiss, Lagerfeld, Anne Hathaway, Nicole Kidman, Jenna Ortega, Chanel, Fendi, Eleanor Lambert, Diana Vreeland, LaunchMetrics, Calvin Klein, , ” Cher, Ron Galella, , Lady Gaga, Kardashian, Jenners, Donald Trump, James Corden’s, Demi Lovato, Zayn Malik, Tina Fey, Fey, David Letterman ”, backtrack, Gwyneth Paltrow, she’d “, Olivia Wilde, Margaret Zhang, Kevin Mazur, Bella Hadid, Dakota Johnson, Jason Derulo, Jay, Solange, it’s, ” Wilde Organizations: CNN, Metropolitan Museum of Art, Costume Institute, Los Angeles Times, American Vogue, New York Times, Getty, Super, Hollywood, Vogue, “ Vogue China Locations: New York, British, American, China
Microsoft is building its own AI model dubbed MAI-1, The Information reported. It's a sign Microsoft is ready to depend less on the ChatGPT maker as the AI wars heat up. AdvertisementMicrosoft is reportedly working on its own AI model separately from OpenAI — a chance for CEO Satya Nadella to prove his company doesn't need the ChatGPT maker to get ahead in the AI wars. Microsoft is working on building an in-house large language model model it calls MAI-1, The Information reported earlier this week. That's on top of the smaller, less advanced models Microsoft is developing for smartphone apps, reflecting the tech titan's multi-pronged approach to developing advanced AI.
Persons: Mustafa Suleyman, It's, , Satya Nadella, Nadella, Google's DeepMind, Kevin Scott, Scott, it's, Microsoft didn't Organizations: Microsoft, Service, MAI, Meta, Business, Microsoft's Locations: ChatGPT, Seattle
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