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☆ It isn't just Boeing that's bleeding billions — major US airlines are hemorrhaging cash too
▼ + stars: | 2024-04-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Southwest Airlines and American Airlines posted losses in the first quarter of 2024. On Thursday, Southwest Airlines and American Airlines reported losses in their quarterly earnings call. Southwest Airlines CEO Bob Jordan told CNBC the decision to cease flights had "nothing to do" with Boeing's aircraft delivery delays. AdvertisementRepresentatives for Southwest Airlines and American Airlines didn't immediately respond to a request for comment from BI sent outside regular business hours. "Near term, yes, we are in a tough moment," Boeing CEO Dave Calhoun said in a letter to employees on the same day.

Persons: It's, Bob Jordan, —, George Bush, Jordan, Robert Isom, I've, Isom, Isom's, Brian West, Dave Calhoun Organizations: Boeing, Airlines, Southwest Airlines, American Airlines, Southwest, Service, —, — Bellingham International, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, CNBC, American, Bank of America Global Industrials Conference . West, BI, Max, Wednesday Locations: — Bellingham, Cozumel, Southwest, Oregon, California

☆ Newly minted RNC chair Lara Trump says they've got lawsuits cooking in 81 states. There are 50 states.
▼ + stars: | 2024-04-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Advertisement"We have lawsuits in 81 states right now," Trump told Bolling. "Maybe there are 81 states in the future and she's a time traveler," an X user named Mike Freeman said in a post. AdvertisementLate-night host Jimmy Kimmel couldn't resist mocking Lara Trump either when he referenced the moment in his monologue on Wednesday night. "In 81 states! Last week, she fired back when a viewer questioned her intellect on her podcast, "The Right View with Lara Trump."

Persons: —, Lara Trump, — who's, Donald Trump's, Eric —, we're, Eric Bolling, Jocelyn Benson, Trump, Bolling, 3vZ8mRYvgE —, Mike Freeman, Jimmy Kimmel, they're, Kimmel, Donald Trump, Michael Whatley, Lara, MAGA, hasn't, Lara Trump's Organizations: Service, Republican National, RNC, Business, South Virginia ., North, North Carolina GOP Locations: Tennessee, . West Dakota, South Virginia, South Virginia . Indiana, North Carolina

☆ The man who audited Trump's social media company misspelled his own name in 14 different ways: FT
▼ + stars: | 2024-04-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewThe accountant hired to audit former President Donald Trump's social media company seemed to have a lot of trouble spelling his name, the Financial Times reported on Wednesday. But others, like Blake F Borgers and Ben F Vonesh, were entirely different names. Representatives for BF Borgers and Trump Media & Technology Group did not immediately respond to a request for comment from BI sent outside regular business hours. In November, Borgers' firm was also removed from the American Institute of Certified Public Accountants' peer review program. Trump Media shares had initially soared when it went public, only to crash by nearly 40% in a matter of weeks.

Persons: —, Donald Trump's, Ben F Borgers, Ben F Brogers, Ben F orgers, Blake F Borgers, Ben F Vonesh, Borgers, Brown, WithumSmith, Trump, Forbes, Jean Carroll, he's, Stormy Daniels Organizations: Service, Financial Times, Public Company, Business, BF Borgers, Trump Media & Technology Group, BI, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media, New Locations: New York, Manhattan, Mar

☆ Matty Healy says he hasn't 'really listened' to Taylor Swift's 'The Tortured Poets Department,' the most streamed album in the world right now
▼ + stars: | 2024-04-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

But Matty Healy says he hasn't "really listened to that much of it." AdvertisementTaylor Swift's "The Tortured Poets Department" may have broken multiple streaming records, but Matty Healy says he hasn't "really listened" to the album yet. I haven't really listened to that much of it, but I'm sure it's good," Healy said of the album. Healy's response may surprise some, considering how fans have speculated that he is the subject of several songs on Swift's album. On Wednesday, streaming giant Spotify said that Swift's album had become the platform's "most streamed album in a single week," surpassing a billion streams since its release on Friday.

Persons: Taylor Swift's, Matty Healy, Healy, —, Taylor, Swift, Joe Alwyn, Travis Kelce, would've, Swift didn't Organizations: Poets Department, Service, Department, Kansas City Chiefs, GQ, Spotify, BI

☆ Elon Musk is throwing the distant dream of a 'sentient' Optimus robot at Tesla's shareholders
▼ + stars: | 2024-04-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk doesn't think Tesla should be viewed as just another auto company. Musk told investors on Tuesday that Tesla's Optimus robots are its most valuable asset. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's Optimus robots could become the company's most valuable asset, says the company's CEO Elon Musk. "As I've said before, I think Optimus will be more valuable than everything else combined," Musk said in an earnings call on Tuesday.

Persons: Elon, Tesla, Musk, —, Elon Musk, I've, you've Organizations: Optimus, Service

☆ A South Korean woman says she fell in love with a fake Elon Musk who talked up a storm about building Gigafactories and luxe helicopter rides. Then she gave him $50,000.
▼ + stars: | 2024-04-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

A South Korean woman lost $50,000 after falling in love with a fake Elon Musk. The Musk impersonator befriended her on Instagram, where he told her he "contacts fans randomly." Fake Musk then claimed he could make the woman rich by helping her invest her money. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA South Korean woman says she lost $50,000 to a con artist who was posing as Elon Musk.

Persons: Elon, —, Elon Musk, Musk Organizations: Service, South, KBS, Korea, Business Locations: Korean, South Korean

☆ Spotify CEO Daniel Ek has realized laying off 1,500 people at one go may have created a 'significant challenge' for Spotify's day-to-day operations
▼ + stars: | 2024-04-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Daniel Ek said Spotify underestimated the impact of laying off 1,500 people in December. "It took us some time to find our footing," Ek told investors in an earnings call. AdvertisementLaying off 1,500 people in December ended up creating a "significant challenge" for Spotify, the company's CEO Daniel Ek said on Tuesday. "Although there's no question that it was the right strategic decision, it did disrupt our day-to-day operations more than we anticipated," Ek told investors in an earnings call. The layoffs, Ek said in December, were necessary as the company needed to become "relentlessly resourceful."

Persons: Daniel Ek, Ek, —, Taylor, Swift, Mark Zuckerberg, Neal Freyman, Toby Howell, Zuckerberg Organizations: Service, Spotify, Poets Department, Brew Daily, BI

☆ Russian state TV has found itself a fur-clad, 'demonstratively heterosexual' GOP 'beauty' to fawn over: Marjorie Taylor Greene
▼ + stars: | 2024-04-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Margarita Simonyan, RT's editor-in-chief, called MTG a blond, fur-wearing "beauty." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRep. Marjorie Taylor Greene has just won herself some new admirers. The GOP congresswoman was painted in glowing terms during a broadcast on Russian state television on Sunday. "Marjorie Taylor Greene, you've just shown is a beauty.

Persons: Margarita Simonyan, Simonyan, Greene, —, Marjorie Taylor Greene, you've Organizations: Georgia Republican, Ukraine, Service, GOP, RT

☆ Tesla is playing a brutal price game of 'how low can you go' with its Chinese EV rivals
▼ + stars: | 2024-04-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewTesla, eager to hold on to its market share in China, is amping up its price war against its Chinese rivals amid declining sales. In China, Tesla has reduced the price of its Model 3, S, X, and Y by 14,000 yuan, or $1,930. The Model Y now costs 249,900 yuan — yet another cut from its January price of 299,900 yuan. Related storiesTesla CEO Elon Musk defended his company's pricing strategy on Sunday, writing on X that "Tesla prices must change frequently in order to match production with demand." In fact, Musk went so far as to frame his Chinese rivals as an existential threat to all automakers.

Persons: —, Tesla, Li, BYD, Elon Musk, Musk Organizations: Service, Business, Li Auto, BI Locations: China

☆ Elon Musk says he 'would know' if there are aliens out there with all the Starlink satellites he has orbiting Earth
▼ + stars: | 2024-04-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk doesn't think aliens are out there. "I have seen no evidence for aliens and, with ~6000 satellites orbiting Earth, I think I would know," Musk said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSpaceX owner Elon Musk doesn't think aliens exist. "I have seen no evidence for aliens and, with ~6000 satellites orbiting Earth, I think I would know," Musk wrote on X on Monday.

Persons: Elon, Musk, —, Elon Musk, Tucker Carlson, Joe Rogan, Carlson Organizations: SpaceX, Service

☆ Elon Musk wanted Tesla to slash its headcount by 20% because its quarterly vehicle deliveries fell by that much, Bloomberg source says
▼ + stars: | 2024-04-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk wanted Tesla to reduce its workforce by one-fifth, Bloomberg reported. Musk wanted the layoffs to match the drop in quarterly vehicle deliveries. Tesla delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the last quarter. The reduction, Musk reasoned, should match the reduction in vehicle deliveries between the fourth quarter of 2023 and the first quarter of 2024, per Bloomberg. Earlier this month, Tesla said it delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the previous quarter.

Persons: Elon Musk, Tesla, Musk, — Organizations: Bloomberg, Service

☆ Russia may ramp up attacks on Ukraine to capitalize on the limited window they have before new US aid arrives: ISW
▼ + stars: | 2024-04-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Ukraine may face more attacks from Russia even though US aid is on its way, says the ISW. The ISW says Russia can "take advantage of the limited window before the arrival of new US aid." The House finally passed more than $60 billion of aid to Ukraine after months of delays. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The frontline situation will therefore likely continue to deteriorate in that time, particularly if Russian forces increase their attacks to take advantage of the limited window before the arrival of new US aid," the ISW wrote in a report on Saturday.

Persons: — Organizations: Service, for, Business Locations: Ukraine, Russia

Explosions were heard in Iran, according to CNN, which cited Iranian state media outlet FARS. There's still a lack of clarity around the reported explosions, but there are multiple reports of an Israeli strike. AdvertisementExplosions were heard near an Iranian military base, and multiple reports, citing US officials, say that Israel struck Iran. CNN, citing the semi-official FARS news outlet, reported the explosions were heard in the city of Ghahjaworstan, which is located near Isfahan, Iran. The Iranian news outlet said that "the city of Ghahjaworstan is located near Isfahan Airport and the eighth hunting base of the Army Air Force."

Persons: — Organizations: CNN, Service, Army Air Force, Business Locations: Iran, FARS, There's, Israel, Ghahjaworstan, Isfahan, Iranian, Isfahan Airport

☆ Mark Zuckerberg is bringing out the chains and leaning hard into his version of mob chic
▼ + stars: | 2024-04-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Zuckerberg wore a navy blue t-shirt and chain necklace while announcing his company's latest AI products on Thursday. At the UFC event, Chan leaned into the "mob wife" aesthetic, pairing her all-black outfit with a gold necklace. Apart from getting super fit, Bezos also makes plenty of bold fashion choices with his fiancé, Lauren Sánchez. The couple turned heads when they sported the "mob chic" look at the Dolce & Gabbana Party at the Milan Fashion Week in January.

Persons: Mark Zuckerberg, —, Zuckerberg, swag, 3BU0z0n9dr, Armand Domalewski, Priscilla Chan, Chan, Jeff Bezos, Bezos, Lauren Sánchez, Jensen Huang Organizations: UFC, Service, Dolce, Gabbana Party, Milan, titans, Meta, Business Insider Locations: Jersey

☆ Satellite images show Russia's been upgrading its Black Sea Fleet naval base after being pounded by Ukraine's attacks: UK defense ministry
▼ + stars: | 2024-04-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Russia has been fortifying its Black Sea Fleet naval base, says the UK's defense ministry. The ministry added that the Black Sea Fleet has become less active after its commander was replaced. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia has been beefing up the defenses for its Black Sea Fleet naval base in Novorossiysk, the UK's defense ministry said in an intelligence dispatch on Thursday.

Persons: — Organizations: Sea Fleet, Service Locations: Russia, Ukraine, Novorossiysk

☆ Taylor Swift's new album features 2 high-profile guest stars — and they both stand to reap major rewards
▼ + stars: | 2024-04-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Taylor Swift's latest album features collaborations with Post Malone and Florence and The Machine. Swift has worked with artists as varied as B.o.B, Bon Iver, and Ed Sheeran. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaylor Swift's album "The Tortured Poets Department" is here, and it features two heavy-hitting collaborations. Swift's 11th studio album features the rapper Post Malone on the song "Fortnight" and the English indie rock band Florence and The Machine on "Florida!!!."

Persons: Taylor Swift's, Post Malone, Swift, Bon Iver, Ed Sheeran, —, Taylor, Swift's, I've Organizations: Service, Department, Business Locations: Florence, Bon, Florida

☆ Jamie Dimon says the future of the world depends on whether the US can sort out its relationship with China
▼ + stars: | 2024-04-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewHow the US handles its shaky relationship with China will affect the future of the world, says JPMorgan chairman and CEO Jamie Dimon. "It's the thread from Ukraine, oil and gas, food, migration, all our relationships, the most important one being China," Dimon told Bloomberg's Emily Chang in an interview that aired Wednesday. Related storyDimon's fresh remarks on China come as the world's second-largest economy finds itself in a fraught relationship with the US. And in January, CIA chief William J. Burns said China is a far bigger threat to the US than Russia. But while Dimon did single out China as a significant risk to the world, he told Chang that he is optimistic that the US could manage them.

Persons: —, Jamie Dimon, Dimon, Emily Chang, Chang, William J, Burns, Joe Biden, Donald Trump, Biden, They've, they're, America's Organizations: Service, Business, JPMorgan Global China Summit, Reuters, CIA, Affairs, Wednesday Locations: China, Ukraine, Russia, Shanghai, Pennsylvania

☆ Red Lobster, home of the endless shrimp, mulls bankruptcy after spoiling its customers with all-you-can-eat lobster: report
▼ + stars: | 2024-04-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

It may be the end of the line for the seafood chain Red Lobster, per Bloomberg. AdvertisementSeafood chain Red Lobster is considering filing for bankruptcy, Bloomberg reported Wednesday. According to the outlet, Red Lobster is being advised by the law firm King & Spalding. Red Lobster and King & Spalding did not respond to Bloomberg's requests for comment. Representatives for Red Lobster and King & Spalding did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Spalding, Red Lobster's, Ludovic Garnier, servings, Ian Borden, Borden Organizations: Bloomberg, Service, King, Spalding, Thai Union Group —, Golden Corral, Business Insider Locations: Maine

☆ Elon Musk says Tesla needs a 'complete organizational overhaul' to get to 'the next level' amid mass layoffs at the company
▼ + stars: | 2024-04-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk says Tesla has to do a "complete organizational overhaul" every once in a while. Musk's remarks come after a round of mass layoffs at Tesla, where it cut more than 10% of staff. "That said, our executive tenure is unusually high at well over 10 years at Tesla," Musk wrote in a post on X, formerly Twitter. The Tesla layoffs come at a rough time for the company, which has been grappling with declining sales and increased competition from Chinese automakers like BYD. Advertisement"The Chinese car companies are the most competitive car companies in the world," Musk told investors during Tesla's earnings call in January.

Persons: Elon Musk, Tesla, Musk, —, Musk's, Drew Baglino, Rohan Patel, Patel Organizations: Tesla, Service, BI, Electrical

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because they no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewThe accounting firm that was first hired to audit former President Donald Trump's social media company quit just months after it was appointed, the Financial Times reported on Monday. WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The company's shares initially skyrocketed when it went public in March, only for prices to plunge just a week later. That isn't great for Trump, whose net worth is tied to his holdings in Trump Media.

Persons: —, Donald Trump's, WithumSmith, Brown, Trump Media & Technology Group's financials, Trump, Borgers, BF Borgers, Forbes, Jean Carroll, Stormy Daniels Organizations: Service, Financial Times, Trump Media & Technology, Business, Trump Media, Public Company, BF Borgers, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media's, Prosecutors, WithumSmith, Trump Media & Technology Group, Business Insider Locations: freefall, Manhattan

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because it no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

☆ Jon Stewart marvels at how Trump has committed 'so many crimes' he got 'bored' at his own trial
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Jon Stewart couldn't help roasting Donald Trump over reports of him falling asleep in court. Stewart was referencing The New York Times' Maggie Haberman, who said Trump nodded off "a few times" in court. "He's snoring. Advertisement"The Daily Show" host Jon Stewart says he's amused that former President Donald Trump might have dozed off on the opening day of his first criminal trial. "Imagine committing so many crimes, you get bored at your own trial," Stewart said of Trump on Monday night's episode.

Persons: Jon Stewart couldn't, Donald Trump, Stewart, Maggie Haberman, Trump, He's, —, Jon Stewart, he's, Stormy Daniels Organizations: New York Times, Service, Trump, The New

☆ Mark Cuban says he's proud to pay $288 million in taxes this year, unlike a certain former president
▼ + stars: | 2024-04-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Mark Cuban says he'll be paying $288 million in taxes to the IRS. The billionaire says he's "proud to pay my taxes every single year," unlike one ex-president. AdvertisementBillionaire Mark Cuban says he's happy to pay his fair share of taxes — unlike one former president. "This country has done so much for me, I'm proud to pay my taxes every single year. Tag a former president that you know doesn’t https://t.co/jxuICxOIAr — Mark Cuban (@mcuban) April 14, 2024This isn't the first time Cuban has taken a swipe at Trump.

Persons: Mark Cuban, he'll, he's, —, Donald Trump, — Mark Cuban, Cuban, Axios, Joe Biden, Trump, didn't, E, Jean Carroll, Carroll, Forbes Organizations: Service, Trump, BI, New York Times, The Times, New, Trump Media & Technology Group, Bloomberg, Trump Media's Locations: Cuban, New York

☆ Ex-CIA director says Israel could use 'covert' operations to retaliate against Iran's drone strikes without escalating the conflict
▼ + stars: | 2024-04-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewA former CIA director says Israel could take a covert, rather than an overt, response against the Iranian drone strikes that took place on Saturday. They can pursue asymmetric attacks, cyberspace, and so forth," former CIA director and retired general David Petraeus told CNN on Sunday. The airstrike had reportedly killed several top Iranian military commanders. AdvertisementAnd that, Petraeus told CNN on Sunday, isn't something that Iran wants to see. Representatives for Petraeus did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Israel, David Petraeus, Petraeus, BI's Rebecca Rommen, Mossad's, Brent Crude Organizations: Service, CIA, CNN, Business, United Nations, UN, NY, Atlantic Council, New York Times, Business Insider Locations: Washington, Iran, Israel, Jordanian, Iranian, Syria, Islamic Republic of Iran, Damascus, Tehran, Iraq's Kurdistan

☆ Watch out Jeff Bezos and Lauren Sánchez — Mark Zuckerberg and Priscilla Chan are trying out mob chic, too
▼ + stars: | 2024-04-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Jeff Bezos and Lauren Sánchez aren't the only couple that's stepping it up in the fashion arena. Mark Zuckerberg and Priscilla Chan were seen trying out the "mob chic" look at Saturday's UFC event. AdvertisementStep aside Jeff Bezos and Lauren Sánchez; there's a new it couple in town, and they're coming for the "mob chic" crown. At the time, Zuckerberg wore an army-green T-shirt, while Chan wore a floral print dress. Related storyChan, meanwhile, appeared to be trying her hand at the "mob wife" aesthetic that's gone viral on social media.

Persons: Jeff Bezos, Lauren Sánchez aren't, Mark Zuckerberg, Priscilla Chan, Zuckerberg, swag, Chan, —, Lauren Sánchez, Jeff Bottari, Lauren Sanchez, Gabbana parry, Jacopo Raule, Jensen Huang, Huang, Anant Ambani's Richard Mille Organizations: UFC, Service, Getty, Dolce, Gabbana Party, Milan, Nvidia, Meta, Business Insider Locations: Bezos, Milan

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