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Nairobi, Kenya CNN —The United States is the best partner for African nations “without strings attached” but it will not force African nations to choose its partnership over Russia or China, US Commerce Secretary Gina Raimondo told CNN. She spoke on the sidelines of the AmCham Business Summit after meeting Kenyan President William Ruto during her first official trip to Africa. Anti-Western sentimentLike many other African nations, Kenya has deep ties with China, which has funding projects and major infrastructure projects across the continent. Secretary Raimondo addressed the criticism that African nations dislike ‘lectures’ from the US and its European allies about democracy and human rights, and many prefer dealing with China or Russia that don’t make similar demands. Raimondo said the US is coming to Africa “without strings attached,” saying she had brought more than a dozen businesses to the Nairobi summit.
Persons: Gina Raimondo, , Raimondo, CNN’s Larry Madowo, William Ruto, , Ruto, we’re Organizations: Kenya CNN —, US, CNN Locations: Nairobi, Kenya, United States, Russia, China, Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoubt we'll see more than two 25bps rate cuts this year, says Bill LeeWilliam Lee, Chief Economist at the Milken Institute, gives his expectations for the upcoming Federal Reserve meeting.
Persons: Bill Lee William Lee Organizations: Milken Institute, Reserve
Evercore ISI reiterates Tesla as in line Evercore ISI lowered its price target on Tesla to $145 per share from $155. Barclays upgrades AT & T to overweight from equal weight Barclays sees "growth quality" for the telecommunications and wireless provider. Barclays downgrades Lululemon to equal weight from overweight Barclays downgraded the maker of athleisure wear due to rising competition. "We initiate coverage of Dave Inc. with a Market Outperform rating and $70 price target representing ~65% upside from the current price." "We are upgrading GWW from EW to OW, while raising our price target from $1,000 to $1,250."
Persons: Evercore, Tesla, Jefferies, LUV, Lululemon, LULU, Dave, Oppenheimer, Instacart, Bernstein, Goldman Sachs, William Blair, Eastman, Morgan Stanley, Berenberg, Melius, Price, Stephens, Grainger Organizations: Airlines, Jefferies, Southwest Airlines, Dynamics, Barclays, Dave Inc, JPMorgan, CART, Apple, Eastman Chemical, Arista Networks, Nvidia, Data, Citi Locations: Americas, China, Tulsa , Oklahoma, Kingsport , Tennessee
Broadway shows usually come with a back story about the yearslong slog it took to get them there. Not so with Heidi Schreck’s new translation of Chekhov’s “Uncle Vanya,” which arrived at Lincoln Center Theater’s Vivian Beaumont Theater not even 12 months after its inception. Directed by Lila Neugebauer, it is Schreck’s first Broadway show since “What the Constitution Means to Me,” in 2019, and the ensemble is a starry one. William Jackson Harper, best known for “The Good Place,” plays Astrov, the eco-nerd doctor whom Sonia loves. Anika Noni Rose, a Tony Award winner for “Caroline, or Change,” is the glamorous Elena, Sonia’s stepmother, for whom both Vanya and Astrov yearn.
Persons: Heidi Schreck’s, Uncle Vanya, , Vivian Beaumont, Lila Neugebauer, Steve Carell, Vanya, Sonia, Alison Pill, Alfred Molina, William Jackson Harper, Anika Noni Rose, “ Caroline, Elena, Sonia’s, Astrov Organizations: Broadway, Lincoln Center
One women-focused nonprofit has launched a new way to help them get faster answers to their queries through the use of an online AI chatbot. The organization, Savvy Ladies, was founded more than 20 years ago by Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York City. After seeing her grandmother stay in an abusive situation because she lacked financial resources, Francis created the nonprofit with the goal of helping other women avoid similar situations. watch nowThe new chatbot — provided through Microsoft Copilot — allows visitors to the Savvy Ladies website to type in their financial questions and receive immediate answers curated from the website's content written by CFPs and other financial professionals. Investors are more likely to trust advice from generative AI tools than from social media, according to a survey released last year from the CFP Board, a professional organization representing professional financial planners.
Persons: Stacy Francis, Francis, CFPs, Judy Herbst, Michael Roberts, William H, Lawrence, Roberts Organizations: Francis Financial, Microsoft, CNBC's FA, Wharton School, University of Pennsylvania, CFP Locations: New York City, CNBC's
Elon Musk has moved closer to getting full self-driving technology approved in China, reports suggest. One local EV boss welcomed the move, saying regulators should "let a hundred flowers bloom." Tesla has moved closer to securing approval to operate its full self-driving technology in China, according to multiple reports, after CEO Elon Musk made a surprise visit to the country over the weekend. Getting FSD approved for China would be a massive win for Musk, who has bet Tesla's future on self-driving cars and robotaxis. AdvertisementMany of Tesla's local rivals are rolling out their own versions of Tesla's Autopilot, which is available in China, and full self-driving technology as competition rages in the country's EV market.
Persons: Elon Musk, Tesla, , Elon, Musk, XPeng's, William Li, Xiaopeng, EVs, Warren Organizations: EV, Service, Huawei, Xiaomi, Weibo, Bloomberg Locations: China, Guangzhou
Activist investor Ancora received a powerful endorsement in its efforts to secure a board change and to oust Norfolk Southern CEO Alan Shaw on Monday, when proxy advisor Glass Lewis recommended the railroad's shareholders vote for 6 of Ancora's board nominees. "We believe Ancora has presented a compelling case for supporting a substantial overhaul of the Company's current leadership," Glass Lewis said in its report. Furthermore, Glass Lewis said Barber, Ancora's pick for CEO, and Jamie Boychuk, the activist's pick for COO, "have compelling credentials and track records." Ancora also seeks to install former CSX executive Boychuk as Barber's chief operating officer. Their support, coupled with Glass Lewis' endorsement, gives the activist powerful ammunition as it seeks to convince shareholders.
Persons: Ancora, Alan Shaw, Glass Lewis, Betsy Akins, Jim Barber, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, Shaw, Amy Miles, Barber, Ancora's, Jamie Boychuk, Boychuk, John Orr Organizations: Norfolk Southern, Teamster, UPS, CNBC, CSX, Canadian National, CN, NSC, Norfolk Locations: Norfolk Southern, East Palestine , Ohio, Norfolk
Nio CEO: We want to keep prices of our cars stable
  + stars: | 2024-04-29 | 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 EmailNio CEO: We want to keep prices of our cars stableWilliam Li, CEO of Nio, discusses price volatility in the electric vehicle market.
Persons: William Li
On Monday, Prince William and Kate Middleton celebrated their 13th wedding anniversary. Prince William and Kate Middleton celebrated their 13th wedding anniversary on Monday. Related storiesTo celebrate the milestone, Kate and William posted a never-before-seen photo from their wedding on their Instagram account. AdvertisementPrince William and Kate Middleton in 2023. William did not appear in the video with Kate, but he has made public appearances following her announcement.
Persons: Prince William, Kate Middleton, Kensington, , Princess, Wales, Kate, William, Millie Pilkington, Alexander McQueen, Prince, Princess of, Chris Jackson Organizations: Service, Westminster Abbey, University of St, Daily Mail, TMZ Locations: Westminster, University of St Andrews, Kensington
The family offices covered by the survey had 26% of their assets invested in publicly traded stocks. The study surveyed 190 single family offices around the world, with an average of $1.4 billion in assets. In the U.S., only 49% of family offices have a long-term target return for their portfolio. Still, family offices use various benchmarks for their investment portfolios, with more than three-quarters of those surveyed using some benchmark to evaluate performance. Increasingly, family offices are looking to outsource more functions to reduce costs, especially among smaller family offices of under $500 million.
Persons: William Sinclair, Sinclair, cybersecurity, Robert Frank Organizations: JPMorgan Private Bank Global, Family, JPMorgan Private Bank, JPMorgan Locations: U.S
Ukraine's pilots are using iPads for combat missions, said a US undersecretary. The iPads or similar tablets could assist in what are called "Wild Weasel" missions. It is an example of adapted Ukrainian weapons built by stitching Western and Soviet parts together. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA video released by Ukraine's Air Force appears to show its pilots using a tablet to help it conduct combat missions against Russian air defense systems.
Persons: , William LaPlante Organizations: Service, Ukraine's Air Force, Russian, Defense, Washington DC, Business Locations: Ukraine, Soviet
More than half, 55%, of all Americans say they see Trump’s presidency as a success, while 44% see it as a failure. Four years ago, he was able to assail Trump’s time in office from his position as a challenger. Biden won all three in 2020 after Trump won them in 2016 in his victory over Democratic nominee Hillary Clinton. In the poll, 92% of Republicans view Trump’s time in office a success, while just 73% of Democrats say Biden’s has been a success. And while 85% of Democrats polled say they back Biden, 91% of Republicans say they support Trump.
Persons: Joe Biden, Donald Trump, he’s, William Barr, Trump, CNN he’d, Ron DeSantis, Biden, Robert F, Kennedy Jr, , Israel, Mike Johnson, Benjamin Netanyahu, underscoring, Hillary Clinton, South Carolina Republican Sen, Lindsey Graham, CNN’s Dana, Nikki Haley, Biden’s, CNN’s Kristen Holmes, Kit Maher, CNN’s Kaitlan Collins, Trump . Barr, Trump’s, Chris Sununu, Haley, , Georgia —, ” Biden, He’s, Colin Jost, , ” Jost, Washington Hilton Organizations: CNN, GOP, Republican Party, Florida Gov, Trump’s, Democratic, Columbia University, National Guard, Israel, DeSantis, CBS, Biden, Trump, Trump ., South Carolina Republican, South Carolina Gov, New, New Hampshire Gov, , White, Republican, Washington Locations: New York, Gaza, Manhattan, Rafah, Michigan , Pennsylvania, Wisconsin, “ State, New Hampshire, Georgia, Ukraine, Russia, Israel, American
Read previewLooking at the headline numbers, the US labor market is booming. OVOM Research/Bullandbearprofits.comWolfenbarger's views in contextOther market observers have started to warn of a weakening labor market in recent months. Ian Shepherdson, the chief economist at Pantheon Macroeconomics, shared several indicators in a client note earlier this month warning of a job market slowdown ahead. Pantheon MacroeconomicsBut whether the labor market actually weakens materially remains to be seen. AdvertisementIf Wolfenbarger is right and the labor market falls apart in short order, it could catch an exceptionally bullish market off guard.
Persons: , Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, Louis, Ian Shepherdson, Shepherdson, There's Organizations: Service, JPMorgan, Business, Labor Statistics, Fed, Conference, Treasury, OVOM, Pantheon, National Federation of Independent
Donald J. Trump is a thrice-married man accused of covering up a sex scandal with a porn star after the world heard him brag about grabbing women by their genitals. But when Mr. Trump’s lawyers introduced him to a jury at his Manhattan criminal trial this week, they dwelt on a different dimension: “He’s a husband. And he’s a person, just like you and just like me.”That half-hour opening statement encapsulated the former president’s influence over his lawyers and their strategy. It reflected specific input from Mr. Trump, people with knowledge of the matter said, and it echoed his absolutist approach to his first criminal trial. And while defendants often offer feedback to their lawyers, this particular hands-on client could hamstring them.
Persons: Donald J, Trump, He’s Organizations: Manhattan
BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year. Nio's first such mass market car will be an SUV cheaper than Tesla 's Model Y, CEO William Li told CNBC's Eunice Yoon on Thursday. The Tesla SUV starts at 249,900 yuan ($35,197) in China. Like many early entrants to China's electric car market, U.S.-listed Nio targeted the premium market when it launched about a decade ago. The new cars come amid an intense price war in China's new energy car market, which includes battery-only and hybrid-powered vehicles.
Persons: William Li, Nio's, Eunice Yoon, Li Organizations: New York Stock Exchange, Tesla, Volkswagen Locations: BEIJING, China, U.S
Buckingham Palace confirmed King Charles III was diagnosed with cancer in January. After months of stepping back, the palace announced Charles was returning to public duties in April. AdvertisementKing Charles III's return to public duties is imminent, Buckingham Palace said in a statement shared with Business Insider on Friday. But the palace's latest announcement signifies the king is ready to return to business as usual. AdvertisementHere's a timeline of Charles' health struggles, from his diagnosis to his return to the public.
Persons: Buckingham, King Charles III, Charles, , Charles III's, Kate Middleton, Prince William Organizations: Service, Business Locations: British
London CNN —Britain’s King Charles III will resume public duties next week following “a period of treatment and recuperation,” Buckingham Palace announced Friday, two months after revealing that he was being treated for cancer. But the palace spokesperson did clarify that Charles was not expected to carry out a full summer program. Charles’ last public appearance was on Easter Sunday when he went to church in Windsor with several family members. Throughout his treatment, the King has continued to carry out his constitutional duties, receiving his daily red boxes and paperwork. Charles announced his cancer diagnosis and that he would step back from public-facing duties while undergoing treatment in early February.
Persons: London CNN — Britain’s King Charles III, ” Buckingham, Queen Camilla, Naruhito, Masako, King, Millie Pilkington, Camilla, couturier Fiona Clare, , ” King Charles III, George's, Hollie Adams, Charles, Charles ’, Rishi Sunak’s, Charles ’ rubberstamping, Benjamin Key, Catherine , Princess of Wales, Kate, Prince Louis ’, Prince William, Princess Anne, Prince Edward, Prince, Wales Organizations: London CNN, , Westminster Abbey, Easter, CNN, St, CNN’s Royal, Naval Staff Locations: British, London, Buckingham Palace, Normandy, St, Windsor , England, Windsor, George’s, Rwanda, West Midlands
Astor was one of around 1,500 people who died when the Titanic sank on April 15, 1912 after hitting an iceberg. The violin itself was sold for $1.7 million via the same auction house in 2013 and is the highest-selling item from the ship ever. The valise belonging to Titanic bandmember and orchestra leader Wallace Hartley, which held the violin he played as the Titanic sank, is also for sale. The watch was among the personal effects found with Astor’s body after the Titanic sank, according to the auction house. In 1935, Vincent gave the watch as a christening gift to the infant son of William Dobbyn IV, John Jacob Astor’s executive secretary, according to the auction house.
Persons: John Jacob Astor IV, Astor, Madeleine, Henry Aldridge, bandmember, Wallace Hartley, Andrew Aldridge, Aldridge, Vincent Astor, Vincent, William Dobbyn IV, John Jacob Astor’s, ” Aldridge, John Jacob Astor IV’s cufflinks Organizations: CNN, Titanic, Henry Aldridge & Son, Son Locations: Wiltshire, England, United States
The restaurant will instead support regenerative farming practices — a move condemned by PETA. AdvertisementThe chef of a Los Angeles vegan restaurant announced that her restaurant is rebranding and transitioning to serving meat, dairy, and eggs. Renamed the Sage Regenerative Kitchen & Brewery, the restaurant will instead focus on supporting regenerative farming practices, Engelhart said in an Instagram video. AdvertisementEngelhart told the LA Times that she was being "vulnerable" in announcing the move, and that she had braced herself for the "vitriol" to come. She also told the LA Times that financial considerations influenced her decision, with the newspaper reporting that the restaurants had not been profitable since 2020.
Persons: , Mollie Engelhart, Engelhart, William H, Schlesinger, pushback, Jayde Nicole, Hannah Weseloh, Englehart Organizations: PETA, Service, Brewery, Los Angeles Times, LA Times, Cary Institute of Ecosystem Studies Locations: Los Angeles, Echo Park, Culver City, Pasadena, LA
Executives looking to boost their own profiles have for years paid freelancers to ghostwrite their LinkedIn posts. Now big PR firms are getting into the game, and LinkedIn profile management is going mainstream. Business Insider spoke to 14 PR firms that said more companies are asking for LinkedIn writing and strategy services for their leaders. Zappa said he does not offer specific rates for LinkedIn posts and instead includes LinkedIn in broader content contracts. However, he estimated that PR firms solely focused on LinkedIn ghostwriting could charge companies $5,000 a month for three to five LinkedIn posts.
Persons: Erin Ledbetter, Weber Shandwick, Ogilvy, Contessa Kellogg, Winters, resharing, There's, Lana McGilvray, Katie Burcham Glasshoff, execs, Chris Harihar, Dan Allocca, Joe Zappa, Zappa, Nicola Dodd, Laura Franklin, Franklin, Kim Metcalfe, Zeno Group's, , upend ghostwriting, William Dobinson, Farrer Kane, Greg Swan, Lewis Goldberg, Claude Organizations: Business, Zeno, LinkedIn, Weber, Purpose, The Washington Post, BCW, Crenshaw Communications, Sharp Pen Media, Ogilvy UK, ghostwriting, London, Finn Partners, KCSA Strategic Communications Locations: Ketchum, gatekeepers, Midwest
The cofounders of crypto mixer Samourai Wallet were charged with money laundering. The service anonymized hundreds of millions of dollars for dark web criminals, prosecutors said. AdvertisementThe cofounders of a cryptocurrency mixing service called Samourai Wallet — which rendered crypto transactions anonymous — have been arrested and charged with money laundering, according to an indictment unsealed Wednesday. Rodriguez and Hill were charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. Related storiesThe Samourai Wallet website has been seized.
Persons: Samourai's cofounders, , — Keonne Rodriguez, William Lonergan Hill —, Rodriguez, Hill, James Smith, haven't Organizations: Service, Prosecutors, Southern, of, FBI Locations: of New York, Portugal, DMs
Q1 2024 earnings season has arrived, and Morgan Stanley has some ideas on which stocks have upside. In a recent client note, the bank listed 11 stocks its analysts believe will jump on earnings data. Below, we've listed the stocks along with how much upside they have to price targets. AdvertisementEarnings reports can often be upside catalysts for stocks if a firm outperforms in the prior quarter or issues guidance for stronger revenue. With 2024's first-quarter earnings season entering full swing, Morgan Stanley has some ideas about which other stocks are well-positioned to surge this time.
Persons: Morgan Stanley, , Tesla Organizations: Service, Business
US and China's engagements don't mean they trust each other more, said Eurasia Group's Ian Bremmer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But just because they're talking more doesn't mean that they actually trust each other more, an analyst said on Wednesday. Earlier this month, Treasury Secretary Janet Yellen visited China, seeking cooperation in areas beneficial to both countries. Advertisement"It's always better to have more engagement, more conversations — especially when you don't trust each other," Bremmer said.
Persons: Ian Bremmer, , Joe Biden, Xi Jinping, there's, Bremmer, Janet Yellen, Lloyd Austin, State Anthony Blinken, William Lai — Organizations: Service, Eurasia Group, Bloomberg, APEC, Defense, State Locations: Eurasia, Ian Bremmer . Washington, China, Taiwan, San Francisco, US, Washington, Taiwan —, Beijing
A US defense official downplayed the threat of China's new Xi'an H-20 bomber. AdvertisementChina's new bomber, the Xi'an H-20, is intended to rival America's new stealth bomber, but a US defense official told reporters on Monday it's "not really" a concern. A B-2 Spirit takes off for Red Flag-Nellis 24-1 training at Nellis Air Force Base on Jan. 16. A former US Air Force commander said previously that it wasn't "anything to lose a lot of sleep over." The Pentagon unveiled a new stealth bomber in 2022 that is currently in production and will eventually replace B-1 and B-2 fleets.
Persons: , it's, William Lewis, It's, Wang Wei, David Swanson, Northrop Grumman Organizations: Service, Breaking Defense, Flag, Nellis, Nellis Air Force Base, US Air Force, Liberation Army Air Force, Hong, Hong Kong Commercial Daily, China Aviation Industry Corporation, Northrop, Air Force, United States Air, REUTERS, Pentagon Locations: Xi'an, Jan, China, Hong Kong, Palmdale , California, U.S
CNN —Britain’s Prince and Princess of Wales have released a new photo of Prince Louis to mark his sixth birthday on Tuesday, the first image to be released by the family since a photo-editing scandal erupted last month. A royal source said the Waleses were grateful for the birthday messages they have received for Louis and the photo was taken by Kate, 42, in the last few days in Windsor. “This is in an unprecedented time for the Wales family as the princess continues her recovery,” the source said. The Waleses have released a celebratory photo of Louis each year to mark his birthday. Kensington Palace had released an official family photo, said to have been taken by Prince William, which was later found to have been tampered with.
Persons: CNN —, Prince, Princess, Wales, Prince Louis, Louis –, Catherine , Princess of, Louis, Kate, William, Catherine, Mario Testino, Chris Jackson, Millie Pilkington, Prince William, Kate –, , , , Queen Elizabeth II, King Charles III Organizations: CNN, Twitter, Getty, CNN’s Royal Locations: Catherine , Princess of Wales, Windsor, , Wales, Sandringham, Kensington
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