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☆ House committee asks Microsoft's Brad Smith to attend hearing on security lapses
▼ + stars: | 2024-05-10 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Brad Smith, vice chair and president of Microsoft, speaks at Gateway Technical College in Sturtevant, Wisconsin, on May 8, 2024. A House committee wants Microsoft 's top lawyer, Brad Smith, to attend a hearing this month on exploits of the company's software that resulted in hackers obtaining U.S. government officials' emails. A proposed hearing before the House Committee on Homeland Security, at 10 a.m. But Smith might not necessarily show up at the time the committee asked about in a letter it sent him on Thursday. Committee chairman Mark Green, R-Tenn., and Bennie Thompson, D-Miss., said in their letter inviting Smith to the hearing that they were encouraged by the company's plans to overhaul its security practices.

Persons: Brad Smith, Gina Raimondo, Don Bacon, Nicholas Burns, Smith, We're, Satya Nadella, Charlie Bell, Mark Green, Bennie Thompson, Green, Thompson, Chris Krebs Organizations: Microsoft, Gateway Technical College, Homeland Security, Rep, CNBC Locations: Sturtevant , Wisconsin, Washington, U.S, China

☆ UK economy emerges from recession with 0.6% growth in first quarter
▼ + stars: | 2024-05-10 | by ( April Roach | ) www.cnbc.com time to read: +1 min

The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations. Economists polled by Reuters had forecast growth of 0.4% on the previous three months of the year. The U.K. entered a shallow recession in the second half of 2023, as persistent inflation continued to hurt the economy. Although there is no official definition of a recession, two straight quarters of negative growth is widely considered a technical recession. The Bank of England's Monetary Policy Committee on Thursday warned that indicators of persistent inflation "remain elevated," and voted to keep its main interest rate at 5.25%.

Organizations: Reuters, of England's

☆ I worked at Amazon, Tesla, SAP, Salesforce, and Meta. Here's what I do 24 hours before a big interview.
▼ + stars: | 2024-05-10 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Hemant Pandey, a senior software engineer at Meta in California. Over the last seven years, I have interned at Amazon and worked full time at Tesla, SAP, Salesforce, and Meta. Over time, I have solidified an interview preparation strategy that has worked for me and one I share with juniors I mentor. This is what 24 hours before a Big Tech interview look like for me:AdvertisementRead up on past interview questionsI have found that Big Tech interviews largely follow a set pattern of processes. AdvertisementI keep the the last day light, because I don't want to be stressed during the interview or even the day before.

Persons: —, Hemant Pandey Organizations: Service, Meta, Business, Amazon, SAP, LinkedIn, Big Tech, Google Locations: California

☆ Why interest in trade schools has jumped
▼ + stars: | 2024-05-09 | 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 EmailWhy interest in trade schools has jumpedJerome Grant, CEO at Universal Technical Institute, joins CNBC's 'The Exchange' to discuss the rise in jobs that do not require college degrees, how trade schools have benefitted, and more.

Persons: Jerome Grant Organizations: Universal Technical Institute

☆ Generative AI's disinformation threat is 'overblown,' top cyber expert says
▼ + stars: | 2024-05-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

In APAC alone, there was a surge in deepfakes by 1530% from 2022 to 2023, according to a Sumsub report. But one top expert is going against the grain, suggesting instead that the threat deep fakes pose to democracy may be "overblown." However, new generative AI tools do "threaten to make the generation of fake content easier," he added. In any case, it is unlikely that the generation of content is limiting attackers," Lee said. Experts have previously told CNBC that they expect AI-generated disinformation to be a key risk in upcoming elections around the world.

Persons: Martin Lee, Lee Organizations: Cisco's, CNBC Locations: deepfakes

☆ The West is freaking out that China is making too much stuff, and it looks like China might be starting to agree
▼ + stars: | 2024-05-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The proposal covers a range of issues, including minimum technical standards and ecological guidelines for battery production. AdvertisementChina's battery production in 2023 alone was already big enough to fill global demand, according to an analysis from BloombergNEF. China's global share of battery manufacturing capacity is expected to fallDespite the West's consternation, there is an upside for the bloc. China's global share of battery manufacturing is expected to decline in the years ahead, according to a report from the International Energy Agency, or IEA, published on Monday. AdvertisementChina now accounts for more than 80% of battery manufacturing capacity, followed by the US and the EU with around 5% each, per the IEA.

Persons: China's, —, Xi Jinping's, Louise Loo, Loo, Chim Lee, Lee Organizations: Service, China's Ministry of Industry, Information Technology, European Union, Oxford Economics, Economist Intelligence, International Energy Agency, US, EU Locations: China, Beijing, Canada, Europe, India

☆ Software stock forming a 'big base breakout' that heralds more gains ahead, according to the charts
▼ + stars: | 2024-05-09 | by ( David Keller | ) www.cnbc.com time to read: +3 min

But the real story from a technical perspective is that this week's move appears to complete a "big base breakout" pattern — a sign of potentially much greater gains in the coming months. This resistance level continued to hold, with subsequent peaks through the end of 2022 and into 2023 all hitting this same price point before rebounding lower. In March of this year, SQSP finally broke above this resistance level around $33.70, which then became a support level in late April. 'Big base breakout' The daily chart shows how often this $33-34 range was tested all through 2023 and into early 2024. One of the key features of a "big base breakout" is a frequent test of the upper end of the trading range.

Persons: Squarespace, SQSP, Alan Shaw, David Keller Organizations: Squarespace Inc, CMT

☆ IRS reminder: Time to claim $1 billion in tax refunds from 2020 expires on May 17
▼ + stars: | 2024-05-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

There is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns and collect the money is approaching. Nearly 940,000 taxpayers have until May 17 to file 2020 returns and claim their refund, the IRS said in a "final reminder" this week. The deadline is "terribly important" because there's a three-year refund expiration after each tax deadline, said certified public accountant John Karls, partner at accounting firm Armanino. "If you let if you let it slip, there's nothing anybody can do," said Bill Smith, national director of tax technical services at financial services firm CBIZ MHM. "You won't get your refund when the statute of limitations has run out."

Persons: —, John Karls, Roth, Bill Smith, CBIZ Organizations: Finance

☆ Bank of America says do not sell in May and go away
▼ + stars: | 2024-05-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should ignore the adage about selling off equities in May as a big preelection summer rally could be coming, according to Bank of America. "Do not sell in May and go away," Stephen Suttmeier, the firm's technical research strategist, told clients in a Tuesday note. He pointed to the fact that June through August has been the second strongest three-month stretch for the S & P 500 for all years since 1928. In those three months alone, the broad market index has gained 65% of the time with an average return of 3.2%, according to Bank of America data. .SPX YTD mountain S & P 500, YTD And there's a key factor Suttmeier sees changing the narrative for the better this year: the presidential election.

Persons: Stephen Suttmeier, It's, Jerome Powell, Suttmeier, Williams Organizations: Bank of America, Dow Jones, Federal

☆ More than 200 people with diabetes injured after software issue drained insulin pump batteries
▼ + stars: | 2024-05-08 | by ( Jamie Gumbrecht | ) edition.cnn.com time to read: +1 min

CNN —More than 200 people with diabetes were injured when their insulin pumps shut down unexpectedly due to a problem with a connected mobile app, the US Food and Drug Administration said Wednesday. Version 2.7 of the t:connect Apple iOS app – used with the t:slim X2 insulin pump with Control-IQ – has been recalled due to a software issue that causes the app to crash and relaunch. This cycle drains the pump battery, causing it to shut down sooner than expected and suspend insulin delivery. On March 26, Tandem Diabetes Care Inc. sent affected customers a device correction letter requesting that users update the mobile app to version 2.7.1 or later. Customers in the United States can contact the Tandem Diabetes Care Technical Support Team at (877) 801-6901 for more information.

Persons: Dr, Sanjay Gupta Organizations: CNN, US Food and Drug Administration, FDA, Get CNN, CNN Health, Tandem Diabetes Care Inc, Tandem Diabetes Care Locations: United States

☆ Biden's student loan forgiveness plan gets a record number of public comments. Here's what people are saying
▼ + stars: | 2024-05-08 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images'I plan on dying with student loan debt'"I think this is a great idea. I am 52 years old with a lot of student loan debt from years ago. I plan on dying with student loan debt. "As an African American millennial from River Rouge, MI, I believe it is crucial to support and approve student loan debt relief proposals.

Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, they'll, Nobody Organizations: Madison Area Technical College, AFP, Getty Locations: Madison , Wisconsin, River Rouge , MI

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ A US ally is forging ties with China's air force but probably won't get its J-20 stealth fighter
▼ + stars: | 2024-05-08 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

The UAE is boosting ties with China's air force. Major General Saleh Mohammed bin Mejren Al Ameri, commander of the UAE's Joint Operations, met with the commander of China's People's Liberation Army Air Force on April 23 to promote closer air force cooperation. Another even speculated Abu Dhabi may eventually seek China's premier stealth fighter: the fifth-generation J-20 Mighty Dragon. I don't see this relationship developing into something similar to what the UAE Air Force has with France or even Russia anytime soon." Furthermore, the Emirati air force fighter fleet is already large for such a small country, making it unlikely the L-15s will serve any combat role.

Persons: —, General Saleh Mohammed bin Mejren Al Ameri, China's, Abu Dhabi, Abu, Abu Dhabi's, Ahmed Aboudouh, Aboudouh, Washington's hesitance, Fred Tanneau, Sebastien Roblin, Roblin, haven't, Russia's Su, Robin Organizations: Service, United, Liberation Army Air Force, Dassault Rafales, Chatham House, China Studies Unit, Emirates Policy Center, Rafale, Dassault Aviation, UAE Air Force, UAE, China hasn't, FC, Korea's KF, UAE . The Emirates, KF Locations: UAE, Washington, Beijing, United Arab Emirates, China, United States, Abu Dhabi, UAE's, France, Abu, Russia, Saudi, Pakistan, Ukraine

☆ Key student-debt relief programs are at risk if Congress doesn't boost Education Department funding, 25 Democratic lawmakers say
▼ + stars: | 2024-05-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Elizabeth Warren led a group of Democrats in pushing for increased Federal Student Aid funding. AdvertisementA group of Democratic lawmakers is pointing to one key thing that will help student-loan borrowers and families navigate financial aid: more funding. Advertisement"FSA's responsibilities have increased to protect students and borrowers, but its federal funding has remained stagnant," they wrote. AdvertisementWhen it comes to the FAFSA, both Republican and Democratic lawmakers have been highly critical of the way the Education Department has facilitated the rollout. The Education Department is also in the process of crafting its broader student-debt relief plan, which is currently in the public comment period.

Persons: Sen, Elizabeth Warren, —, Massachusetts Sen, Tammy Baldwin, Shelley Moore Capito, Joe Biden's, Biden, Secretary Miguel Cardona, Cardona Organizations: Federal Student Aid, Service, Democratic, Massachusetts, Sens, Republicans, Business, Education Department, Public, Republican, Secretary

☆ Chris Birch: ‘I absolutely would love to explore off this planet,’ says track cyclist turned NASA astronaut
▼ + stars: | 2024-05-08 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

“I love realistic space movies … I’m definitely a nerd,” reads Chris Birch’s answer on her profile page. That response proved prescient: shortly after stepping away from her professional cycling career, the Arizona native was selected from more than 12,000 applicants to join NASA’s astronaut class of 2021. The further she progressed with her application to join NASA, the more convinced she became that she had a future in spaceflight. “I really just had a blast,” Birch tells CNN Sport. “I absolutely would love to explore off this planet,” says Birch.

Persons: Christopher Nolan’s, “, Chris Birch’s, sidesteps, Birch, ” It’s, keener, Artemis, Luis Acosta, ”, I’m, ” Birch, that’s, she’s, There’s, “ I’m, I’ll Organizations: CNN, USA Cycling, NASA, CNN Sport, Space, Soyuz, Houston’s, Space Center, Getty, Tokyo, Games, Colorado –, Houston Marathon Locations: Arizona, madison, Peru, AFP, Leadville, Colorado, Montana, California

☆ Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: +2 min

President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, the White House said. Microsoft's plans will result in 2,300 union construction jobs and some 2,000 permanent jobs over time, the White House said. It said nearly 4,000 jobs had been added in Racine since Biden took office, while about 1,000 manufacturing jobs were lost during the Trump administration. Biden is seeking to shore up support among Black voters ahead of the November presidential election, with national polls showing him essentially tied with Republican Trump. The Biden campaign on Wednesday announced the launch of a $14 million ad campaign, which will include a seven-figure investment targeting Black, Latino and Asian voters.

Persons: Joe Biden, Foxconn, Donald Trump, Microsoft's, Biden, Trump, — Organizations: Microsoft Corp, Microsoft, Gateway Technical College, Democrat, Black, Republican Trump, Wednesday Locations: Wisconsin, Racine County, Taiwan, Racine, Racine's Black

☆ Microsoft to build AI hub on previously-owned Foxconn land in Wisconsin
▼ + stars: | 2024-05-08 | by ( Samantha Murphy Kelly | Samantha Waldenberg | ) edition.cnn.com time to read: +3 min

CNN —Microsoft said it is pouring $3.3 billion into building a data hub in Wisconsin that aims to train employees and manufacturers on how to best use artificial intelligence. The new center aims to create 2,300 union construction jobs and 2,000 permanent jobs over time, according to Microsoft. In his remarks Wednesday, Biden plans to directly point his finger at Trump for the failed project, according to a White House official. The White House also introduced an order in 2023 to require AI system developers to share results of their safety tests with the federal government before they are released to the public. Beyond AI, Wisconsin is seeing a spate of funding toward futuristic industries.

Persons: Joe Biden, Trump, Satya Nadella, Biden, Microsoft’s Organizations: CNN, Microsoft, University of Wisconsin, University of Wisconsin -, Trump, White, Infrastructure Law, Badger Locations: Wisconsin, Mount Pleasant , Wisconsin, America, Milwaukee, University of Wisconsin - Milwaukee, United States, Racine –

☆ Biden says U.S. won’t supply weapons for Israel to attack Rafah, in warning to ally
▼ + stars: | 2024-05-08 | by ( ) www.cnbc.com time to read: +10 min

Biden has said that Israel needs to do far more to protect the lives of civilians in Gaza. "We're going to continue to do what's necessary to ensure that Israel has the means to defend itself," Austin said. "But that said, we are currently reviewing some near-term security assistance shipments in the context of unfolding events in Rafah." A decision against Israel would further add to pressure on Biden to curb the flow of weapons and money to Israel's military. "Over the years, the United States has provided tens of billions of dollars in military aid to Israel.

Persons: Joe Biden, Kevin Lamarque, Biden, Israel, we're, Benjamin Netanyahu's, Ali Jadallah, Lloyd Austin, Austin, Menahem Kahana, Gilad Erdan, Mike Johnson, Mitch McConnell, Sen, Lindsey Graham, Bernie Sanders of, Sanders, Netanyahu, Hatem Khaled, Itamar Yaar Organizations: Gateway Technical College, Reuters, Hamas, CNN, Israel, Anadolu, Getty Images, Biden, White House National Security, Palestinian Hamas, Afp, Getty, United Nations, Congress, Republican, Republicans, Austin, Reuters Privately, The State Department, Israel's National Security Council, Islamic State Locations: Sturtevant , Wisconsin, U.S, Israel, Rafah, Gaza, I'm, Palestinian, Bernie Sanders of Vermont, United States, Egypt

☆ These ETFs promise investors downside protection — at a cost
▼ + stars: | 2024-05-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Investors looking for protection against market downside are turning toward buffer exchange-traded funds, also known as defined-outcome ETFs. Buffer ETFs have exploded in popularity in recent years, although they are still a small slice over the overall industry. How buffer ETFs work Managers use a set of equity options when building a fund. Recently, Calamos announced a new product line of 12 ETFs that offers 100% downside protection. The first in the line, Calamos S & P 500 Structured Alt Protection ETF (CPSM) , began trading May 1.

Persons: Lan Anh Tran, Morningstar, Tran, Todd Sohn, Strategas, Sohn, Calamos, Russell, Matt Kaufman, Kaufman, Morningstar's Tran, HELO 1Y, It's Organizations: Morningstar, Strategas Securities, Capital Management, Equity, PGIM, Allianz, BlackRock, Treasury, Trust, JPMorgan Hedged Equity, JPMorgan Locations: BlackRock

☆ No, seriously. Where are the TikTok buyers?
▼ + stars: | 2024-05-08 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Former Google CEO Eric Schmidt has decided against buying TikTok. That leaves a really tiny list of people who say they want to buy TikTok. AdvertisementWho's going to buy TikTok? [Crickets]Yes, if you Google "potential TikTok buyers" you'll find a bunch of stories — Business Insider has written one, too — speculating about names. They list Mnuchin as well as Shark Tank host Kevin O'Leary, who also likes to go on TV and talk about buying TikTok.

Persons: Eric Schmidt, —, Steve Mnuchin, ByteDance, Kevin O'Leary, Bobby Kotick, OpenAI's Sam Altman, we've, Trump Organizations: Google, Service, Treasury, TV, Street Journal, Activision, Oracle, Walmart, Microsoft, Big Tech, McKinsey, TikTok

☆ Expect a more volatile market for second half of the year, says Katie Stockton
▼ + stars: | 2024-05-07 | 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 EmailExpect a more volatile market for second half of the year, says Katie StocktonKatie Stockton, Founder and Managing Partner of Fairlead Strategies, discusses the technical signals from the markets.

Persons: Katie Stockton Katie Stockton

☆ Strategas' Chris Verrone expects new market highs this summer
▼ + stars: | 2024-05-07 | 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 EmailStrategas' Chris Verrone expects new market highs this summerChris Verrone, Strategas head of technical and macro research, joins 'Closing Bell' to discuss his bullish market outlook

Persons: Chris Verrone

☆ UK passport control hit by outage causing long waits at airports
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +1 min

People queue to check in at Heathrow Airport in London, England. Long queues were building at British airports on Tuesday night, including the biggest Heathrow, after the country's Border Force suffered a nationwide technical issue that affected passport control. One traveller described border officials rushing to manually process passport holders. Videos posted on social media platform X showed long queues of passengers at passport desks in airports including London's Stansted and Heathrow. "We are aware of a technical issue affecting e-gates across the country," a Home Office spokesperson said.

Persons: Sam Morter Organizations: Heathrow Airport, country's Border Force, Border Force, London's Stansted Locations: London, England, Heathrow, Gatwick, Stansted, Manchester, Edinburgh, Scotland, Sri Lanka

☆ Jamal Murray: Denver Nuggets star throws heat pack on court, labeled ‘inexcusable’ and ‘dangerous’ by Minnesota head coach
▼ + stars: | 2024-05-07 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Denver Nuggets star point guard Jamal Murray has come under criticism after he was spotted throwing a heat pack onto the court during the reigning champions’ 106-80 playoff loss against the Minnesota Timberwolves on Monday. While on the bench toward the end of the second quarter, Murray could be seen throwing the heat pack while the Timberwolves were on offense. The object landed near the basket with several players in the vicinity of the heat pack. Murray’s behavior was described as “inexcusable” and “dangerous” by Timberwolves head coach Chris Finch following the conclusion of the game. I knew a heating pack was on the floor, but it was not in my field of vision.”Per various reporters, Murray did not speak to the media following the game.

Persons: Jamal Murray, Murray, Chris Finch, Finch, “, ” Finch, Marc Davis, ” Davis, Michael Malone, ” Malone, ”, Isaiah J, Downing, Malone Organizations: CNN, Denver Nuggets, ’, Minnesota Timberwolves, Timberwolves, Denver, Nuggets, USA, Reuters, NBA, ESPN, ”, Canadian, Target Center Locations: Reuters Denver, Denver, Minneapolis

☆ Elon Musk says there are too many non-technical managers at Boeing
▼ + stars: | 2024-05-07 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Tesla CEO Elon Musk suggested Boeing has "too many" non-technical managers. AdvertisementElon Musk is chiding Boeing on social media for employing "too many" non-technical managers amid a wave of ongoing layoffs at his own company, Tesla. Too many non-technical managers at Boeing. Advertisement"Too many non-technical managers at Boeing," Musk tweeted. Musk has opined about non-technical managers in the past, writing in a May 2020 tweet that he "strongly" believes "all managers in a technical area much be technically excellent."

Persons: Elon Musk, Boeing's Starliner, Tesla, —, Elon, Musk, bTXWAfxfrh — Elon, Musk's Organizations: Boeing, Service, Tesla, Business, NASA, SpaceX, International Space

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