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☆ China's premier defends national competitiveness as trade tensions simmer
▼ + stars: | 2024-06-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

China's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | ReutersDALIAN, China — Chinese Premier Li Qiang on Tuesday defended the country's technological development while criticizing efforts to restrict global cooperation. His remarks, at the opening of the World Economic Forum's "Summer Davos" meeting in Dalian, China, came amid rising tensions with the EU over imports of Chinese electric cars. Andrzej Duda, president of Poland, and Pham Minh Chinh, prime minister of Vietnam, gave remarks after Li. The Chinese premier held state-level meetings in China with the two leaders ahead of the "Summer Davos."

Persons: Li Qiang, Denis Balibouse, Li, Andrzej Duda, Pham Minh Chinh, Duda Organizations: Economic, Reuters, EU Locations: Davos, Switzerland, Reuters DALIAN, China, Dalian, U.S, Poland, Vietnam, Beijing, Washington

☆ Cristiano Ronaldo: The performance, the pitch invaders and a moment of Portuguese purity
▼ + stars: | 2024-06-22 | by ( James Horncastle | ) www.nytimes.com time to read: +6 min

“Can I ask you something?” he said when invited to justify Cristiano Ronaldo’s continued selection in Portugal’s starting XI. If Ronaldo doesn’t score, what else does he bring to the team apart from the histrionic gesturing of a frustrated traffic warden? “Do you know how many minutes Ronaldo played last season?” Martinez knowingly queried. Cristiano Ronaldo and Joao Cancelo were all smiles moments after the captain had been furious with his team-mate (Friso Gentsch/Picture Alliance via Getty Images)Pitch invaders marked Ronaldo closer than Turkey’s ragged centre-backs. “You can understand it was a difficult moment — if those intentions are wrong, the players are exposed and in danger.

Persons: Roberto Martinez, ”, Cristiano Ronaldo’s, Ronaldo doesn’t, He’s, Arda Guler, Ronaldo, ” Martinez, Cristiano, “, Fernando Santos, Goncalo Ramos, Conceicao’s, didn’t, Nuno Mendes, Bernardo Silva’s, Orkun, Joao Cancelo, Cristiano Ronaldo, Friso, Bernardo, Ruben Neves, Bruno Fernandes, Fernandes, Martinez, Fernandes ’, Will, Ramos, Germain, it’s, You’re, he’ll, Etsuo Hara Organizations: Saudi Pro League, Turkey’s, Georgia, Turkey, Portugal, Getty, Altay Bayindir, North, Portugal’s, Ronaldo, Paris Saint, selfies Locations: Portugal’s, Czech Republic, Leipzig, Portugal, Dortmund, Germany, Switzerland, Qatar, North Macedonia, Hamburg, Paris

☆ 2024 has become the year of gambling scandals in the sports world. That could be a good thing.
▼ + stars: | 2024-06-21 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

While the expansion of legal sports betting has made gambling more accessible, it's also helped spot infractions like these. The MLB also said it was tipped off about Marcano's betting activity by a legal sports-betting operator, ESPN reported. There's little data available to show whether gambling violations like these occur more or less often in the age of legal gambling, in part because they weren't easily tracked before 2018. They could be college football players betting on the NFL, or NFL players betting on games their teams weren't playing in. As sports-betting continues to expand in more states and the industry evolves, there may be more gambling scandals to come.

Persons: —, Jontay Porter, Tucupita Marcano, Lucas Paqueta, he's, It's, Shohei Ohtani, it's, Sara Slane, Pete Rose, sportsbooks, Matt Holt, Porter, Holt, that's, Slane, They're, Jim Brown, bettors, Brown, Sportradar, they're, IC360 Organizations: Service, NBA, Toronto Raptors, Raptors, San Diego Padres, Premier League, Football Association, Business, University of Alabama, Dodgers, Sports, Major League Baseball, MLB, ESPN, IC360, Alabama baseball, Iowa State University, Leagues, North America, NFL Locations: Slane, Ohio, sportsbooks, North, Sportradar, Colorado

☆ Betting scandals have rocked sports this year. Here's why that could be a good thing.
▼ + stars: | 2024-06-21 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

While the expansion of legal sports betting has made gambling more accessible, it's also helped spot infractions like these. The MLB also said it was tipped off about Marcano's betting activity by a legal sports-betting operator, ESPN reported. "When you are operating in the dark, you have no idea what is actually happening — if refs are partaking in illegal betting or players are partaking in betting," Slane said. Many US states where sports betting is legal require gambling companies to work with a licensed independent integrity-monitoring service, like IC360 or Sportradar, to identify suspicious betting activity. They could be college football players betting on the NFL, or NFL players betting on games their teams weren't playing in.

☆ AI skills can help you land a job or promotion faster—especially for Gen Z, says new research
▼ + stars: | 2024-06-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

AI skills could rival job experience in hiring decisions — and not just in techClose to 70% of leaders say they won't hire someone without AI skills and would rather hire a less experienced candidate with AI skills than a more experienced person without them, according to the report, which surveyed more than 30,000 people in 31 countries. Some companies including Google and Amazon have announced investments in teaching their workforce AI skills, but such initiatives aren't the norm: Only 25% of companies are planning to offer training on generative AI tools like ChatGPT and Microsoft Copilot, Microsoft and LinkedIn found. There are dozens of free online courses people can use to learn AI skills offered by companies like IBM and Google and Ivy League institutions like Harvard University and the University of Pennsylvania. "Less than two years after generative AI burst onto the scene, we're seeing this technology being woven into the fabric of work across a wide range of industries," Stallbaumer says. Generative AI tools in particular have seen a surge in workplace adoption, with usage doubling in the last six months, Microsoft and LinkedIn report.

Persons: Raman, it's, Colette Stallbaumer, Stallbaumer, It's Organizations: —, Microsoft, LinkedIn, CNBC, Google, IBM, Ivy League, Harvard University, University of Pennsylvania

☆ Trump's plan to hike tariffs instead of raising taxes could cause the 'mother of all stagflations,' policymakers warn
▼ + stars: | 2024-06-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Trump's idea to replace the US income tax with tariffs notched criticism from two treasury secretaries. "This is a prescription for the mother of all stagflations," former secretary Larry Summers told Bloomberg TV. Secretary Janet Yellen noted that it would make life unaffordable for Americans. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The idea, floated by Donald Trump to Republicans last week, would be to slash income taxes by raising tariffs on imports.

Persons: Larry Summers, Janet Yellen, —, Donald Trump Organizations: Bloomberg TV, Service, Trump, Treasury, Republicans, Business

☆ Fatherhood is good for dads. Here’s why
▼ + stars: | 2024-06-14 | by ( Elissa Strauss | ) edition.cnn.com time to read: +9 min

CNN —Many arguments about why dads should do more parenting focus on why that would be good for their wives or partners and kids. Simon & SchusterBut with their kids, dads have a chance to explore all these sides and more, often away from the scrutiny of the public eye. Dads really are doing more careIt may not always feel like fathers are doing more parenting, but they are. One cross-national study found that dads spent an average of 16 minutes a day caring for their kids in 1965. Also, dads find parenting “extremely important to their identity,” and enjoyable and rewarding nearly identically as often moms do.

Persons: It’s, Elissa Strauss, Simon, Schuster, ” Matt Englar, Carlson, Eric Gardner, Gardner, ” Gardner, ” Stephanie Coontz, ”, Brad Harrington, Harrington, they’re, —, Caregiving, Brian Anderson, David Bullman, Bullman, I’m, “, ” Elissa Strauss Organizations: CNN, Center for Boys, California State University, Fullerton, US Army, Boston College Center for Work, American Psychological Association, Others Locations: Colorado Springs

☆ Europe's climate ambitions thrown into doubt as Green vote collapses
▼ + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.

Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin

☆ Top Wall Street analysts are optimistic on the outlook for these 3 stocks
▼ + stars: | 2024-06-09 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

At the same time, Wall Street analysts continue to focus on picking individual stocks that can thrive even in the face of short-term pressures and deliver attractive, long-term returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Burlington StoresOff-price retailer Burlington Stores (BURL) is this week's first pick. Tarlowe noted that the expansion in Burlington Stores' gross and operating margins helped drive better-than-expected earnings in the first quarter. (See Burlington Stores Stock Charts on TipRanks)AmazonE-commerce and cloud computing company Amazon (AMZN) is also a top pick.

Persons: Jefferies, Corey Tarlowe, BURL, Tarlowe, TipRanks, Ivan Feinseth, there's PagerDuty, Matthew Hedberg, Hedberg Organizations: Burlington Stores Inc, Federal Reserve, Wall Street, Burlington, Burlington Stores, Amazon Web Services, AWS, RBC Capital, Department of Veteran Affairs Locations: Burlington, New York, U.S, Jersey, billings .

☆ Hong Kong will reportedly stop halting stock markets during typhoons and severe weather
▼ + stars: | 2024-06-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

8 storm signal raised for Super Typhoon Saola in Hong Kong, China, on Sept. 1, 2023. Hong Kong will no longer shut down its stock market during severe weather conditions, according to a Bloomberg report citing people familiar with the matter. The Hong Kong exchange typically halts trading when a typhoon signal or a so-called "black rainstorm warning" is issued. The previous CEO of Hong Kong Exchanges and Clearing, Nicolas Aguzin, told CNBC in 2022 that the bourse was reviewing that protocol. The Hong Kong exchange is expected to announce the proposed framework in the next few weeks, according to the people who spoke to Bloomberg.

Persons: Nicolas Aguzin Organizations: Super, Bloomberg, Hong, Hong Kong Exchanges, CNBC, bourse Locations: Hong Kong, China

☆ Kathy Hochul Made the Wrong Decision on Congestion Pricing - The New York Times
▼ + stars: | 2024-06-06 | by ( Tom Wright | Kate Slevin | ) www.nytimes.com time to read: +1 min

Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.

Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey

☆ Intel wants to build 'everybody's AI chips,' CEO says, as company plays catch-up with rivals
▼ + stars: | 2024-06-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years. "We want to build everybody's chips, everybody's AI chips. Intel seeks to boost its struggling foundry business, which posted a wider operating loss of $7 billion in 2023 versus the prior year. Taiwan Semiconductor Manufacturing Company reportedly overtook Samsung in 2023 to become the world's largest foundry by revenue. It's created a level playing field if I were building a factory in Asia versus U.S.," Gelsinger said.

Persons: Pat Gelsinger, Gelsinger, Biden, It's Organizations: Intel, TSMC, Samsung, CNBC, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, U.S, Nvidia, AMD, Meta, Microsoft, Google Locations: Taipei, offing, U.S, Asia

☆ Xabi Alonso: ‘Not winning treble with Bayer Leverkusen will make me a better manager’
▼ + stars: | 2024-06-04 | by ( Amanda Davies | ) edition.cnn.com time to read: +9 min

Xabi Alonso and Bayer Leverkusen are a living, breathing testament to that. “During the first weeks of the competition, I had a good feeling that we could make a good season. “For sure, I was not that optimistic that we could fight until the last week, but that we could have a good season? Could Leverkusen become just the second German team in history to complete a treble after Bayern Munich? “For the whole of Europe or even the whole world to see how good the teams are, how good the players are … it’s really, really important.

Persons: it’s, Xabi Alonso, they’ve, ‘, ’, ” Alonso, Amanda Davies, Alonso, ”, “, Francis Gonzalez, Granit, Victor Boniface, Florian Wirtz, Jeremie Frimpong, Ina Fassbender, “ We’re, Alonso applauds, Alex Grimm, It’s, Atalanta, That’s, Premier League …, Hesham, Jeremie, Frimpong, ” It’s, Vincent Kompany, Arne, he’d Organizations: Italy CNN, Bayer Leverkusen, CNN, Globe Soccer, “, Real Madrid’s, Real, Sociedad, Real Sociedad, Real Sociedad B, Bundesliga, Champions, Champions League, Bayern Munich, –, Leverkusen, Real Madrid, League, Getty, Augsburg, Invincibles, Benfica, Atalanta, Europa League, Kaiserslautern, Leverkusen's Europa League, Borussia Dortmund, ‘ Farmers League, Liga, Premier League, – Bayern Munich, Liverpool Locations: Sardinia, Italy, AFP, Germany, Europe, Dortmund, San Francisco, Delhi, Liverpool, Merseyside

☆ Goldman Sachs recommends a specific trading strategy, naming 2 global 'conviction list' stocks
▼ + stars: | 2024-06-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs recommended that investors consider a specific strategy when trading European markets right now given the "scope for near-term volatility in equities." Here are two such stock ideas, which are also on the Wall Street bank's conviction list. Goldman gives the stock around 23.6% upside from a 12-month price target of 223 euros ($242.10). Bureau Veritas Another stock on Goldman's list is French company Bureau Veritas , known for its laboratory testing, inspection and certification services. Goldman gives the stock nearly 20% upside from a 12-month price target of 37 euros.

Persons: Goldman Sachs, Liquide Goldman, Georgina Fraser, Fraser, Goldman, Suhasini, — CNBC's Michael Bloom Organizations: Air Liquide, Euronext Paris Exchange, Veritas, Bureau Veritas, First Locations: Paris, Suhasini Varanasi

☆ I finally earned my dream job in the C-suite, but my relationships suffered
▼ + stars: | 2024-06-03 | by ( Jennifer Romolini | ) www.businessinsider.com time to read: +7 min

I'm good at my job, but it comes at a costIt's a site I wouldn't necessarily read myself, but I understand the assignment. AdvertisementIn addition to meetings and managing the day-to-day operations of our site, I'm in charge of an open-blogging, user-generated-content (UGC) platform, a project of which my bosses are especially proud. "Ambition Monster: A Memoir" by Jennifer Romolini is out June 4. Excerpted from Ambition Monster: A Memoir by Jennifer Romolini. Copyright 2024 Jennifer Romolini.

Persons: Tom Hanks, Kate, Jennifer Romolini, There's, I've, I'm, Alex, We've, revel Organizations: Service, Finance, Sports Locations: Silicon

☆ Richard Linklater Sees the Killer Inside Us All
▼ + stars: | 2024-06-01 | by ( David Marchese | ) www.nytimes.com time to read: +1 min

It’s the kind of thing I’ve thought a lot about my entire life: What could transform me? I was probably more in the camp of we’re fixed, give or take whatever little percentage around the edges. So I was interested in this notion lately that, oh, you can change, the personality isn’t fixed. I sort of like that it’s all on the table, that everybody’s thinking you kind of are who you say you are. I feel this little rush of competitiveness, which I really don’t have in the world of art at all — or my life even.

☆ Samsung Electronics' union threatens first ever walkout next week
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +4 min

A Samsung Electronics union in South Korea will begin escalating strike action next week by staging the first ever walkout over demands for higher wages, union officials said on Wednesday. The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7 as part of broader protest measures. Samsung Electronics said in a statement on Wednesday: "We will sincerely engage in discussions with the union." Responding to Wednesday's proposed strike, a coalition of five unions at Samsung affiliates including another Samsung Electronics union questioned the intention behind the strike plan, indicating they would not join the move. Shares of Samsung Electronics closed down 3.1% on Wednesday, compared with the benchmark KOSPI's 1.7% fall.

Persons: Son Woo, mok, NSEU, Wednesday's, Jay Y, Lee Organizations: Samsung, Samsung Electronics, National Samsung Electronics Union, South, Workers Locations: Seoul, South Korea, Hwaseong

☆ U.S. Chamber's Tom Quaadman on Exxon activist lawsuit: Exxon had no alternative but to go to court
▼ + stars: | 2024-05-29 | 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 EmailU.S. Chamber's Tom Quaadman on Exxon activist lawsuit: Exxon had no alternative but to go to courtTom Quaadman, U.S. Chamber of Commerce EVP for capital markets competitiveness, joins 'Squawk Box' to discuss news of CalPERS voting against Exxon Mobil at the company's annual meeting today, why the U.S. Chamber joined Exxon Mobil's lawsuit against two activist groups, and more.

Persons: Chamber's Tom Quaadman, Tom Quaadman Organizations: U.S, Exxon, Chamber, Exxon Mobil, U.S . Chamber, Exxon Mobil's Locations: U.S

☆ Opinion | Ted Cruz Has Some Strong Opinions About College Sports
▼ + stars: | 2024-05-28 | by ( Jane Coaston | ) www.nytimes.com time to read: +2 min

College sports bring in billions of dollars in revenue every year, but until very recently virtually none of it went to athletes. v. Alston that student athletes should be able to profit from their names, images or likenesses, known as NIL. That settlement, which is not yet finalized, will likely change college sports, but many questions about the details of that future remain unclear. Senator Ted Cruz, the Texas Republican, has been trying to help create a solution for college sports. I spoke with him about why he believes preserving competitiveness in college sports is a job for the federal government.

Persons: Alston, Brett Kavanaugh, Ted Cruz, ” Organizations: Texas Republican Locations: N.C.A.A, America

☆ French Finance Minister Bruno Le Maire says France is the AI leader in Europe
▼ + stars: | 2024-05-23 | 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 EmailFrench Finance Minister Bruno Le Maire says France is the AI leader in EuropeFrench Finance Minister Bruno Le Maire talks about the competitiveness of Europe's tech firms at VivaTech in Paris.

Persons: Bruno Le Maire Organizations: French Finance, Europe French Finance Locations: France, Europe, VivaTech, Paris

☆ Samsung Electronics appoints new chief for chip business
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: 1 min

A man walks past the Samsung logo displayed on a glass door at the company's Seocho building in Seoul on April 7, 2023. Samsung Electronics said on Tuesday it has appointed Young Hyun Jun as the company's new chief for its semiconductor unit. "This is a preemptive measure to strengthen the future competitiveness," Samsung Electronics said in a statement. The South Korean technology giant said that Jun, a former chief executive at Samsung's battery arm Samsung SDI and former executive at Samsung Electronics' memory chip business, would help the company overcome the "chip crisis" with his management know-how.

Persons: Young Hyun Jun Organizations: Samsung, Samsung Electronics, Samsung SDI Locations: Seoul, Korean

☆ Trump’s new trade war would cost middle-class families at least $1,700 a year, report warns
▼ + stars: | 2024-05-21 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

New York CNN —Former President Donald Trump’s trade agenda amounts to a tripling-down of the trade war he waged during his first term in office. That’s nearly five times the total cost as a share of GDP from the 2018-2019 US-China trade war. Trump’s tariff proposals would cost the typical middle-income household at least $1,700 a year, the researchers found. Those aren’t comparable numbers,” Clausing said, referring to the amount of imports targeted by Biden and by Trump tariffs. Likewise, the US International Trade Commission found in a 2023 study that US importers “bore nearly the full cost” of tariffs.

Persons: Donald Trump’s, Trump, That’s, Kimberly Clausing, Mary Lovely, Clausing, aren’t, ”, Joe Biden, “, Biden, ” Biden hasn’t, Janet Yellen, ” Yellen, ” Clausing, Karoline Leavitt, ’, Bidenomics, ” Leavitt, Leavitt, Moody’s, Mark Zandi, ” Goldman Sachs, ” ‘, ” Chris Krueger Organizations: New, New York CNN, Trump, Peterson Institute for International Economics, Peterson Institute, UCLA School of Law, CNN, ” Biden, Biden, Treasury Department, US International Trade Commission, “, Cowen’s Washington Research Group Locations: New York, China, Frankfurt, Germany, Europe, United States, U.S, Washington

☆ Samsung Electronics names new chief for semiconductor business as AI chip race heats up
▼ + stars: | 2024-05-21 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Samsung Electronics named a new head for its semiconductor business on Tuesday, as the firm strives to lead the AI chip race. The firm aims "to strengthen its competitiveness amid an uncertain global business environment," Samsung Electronics said, adding that Jun has extensive experience leading the company's memory and battery manufacturing divisions. Samsung is in intense competition with SK Hynix to produce the most advanced memory chips in the market to ride the AI wave. The memory chip market is currently dominated by Samsung, SK Hynix and Micron — the world's top three suppliers. SK Hynix has been leading on the high-bandwidth memory front, having been the sole supplier of HBM3 chips to Nvidia , which is at the forefront of AI chips.

Persons: Young Hyun, Kyehyun Kyung, Kazunori Ito Organizations: Samsung Electronics, Samsung Advanced Institute of Technology, Samsung, SK Hynix, Micron, Nvidia, Morningstar

☆ Jeff Bezos' Blue Origin is about to fly people to space for the first time in 2 years. Here's why it took so long.
▼ + stars: | 2024-05-17 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +6 min

Read previewJeff Bezos' private space company, Blue Origin, recently announced its plans to launch a crew of six aboard its New Shepard rocket this Sunday. Still, late last year, Jeff Bezos told Lex Fridman on Fridman's podcast that "Blue Origin needs to be much faster." About one minute into the flight, Blue Origin lost the first-stage booster due to a faulty nozzle in the booster's engine. Blue OriginVirgin Galactic and Blue Origin are both in the suborbital space tourism business. Bezos says Blue Origin's culture isn't fast enoughJeff Bezos founded Blue Origin in 2000.

Persons: —, Jeff Bezos, Sara Sabry, Lex Fridman, Shepard, New Shepard, That's, ULA, Ted S, Warren, Bezos, Fridman Organizations: Service, Shepard, Business, Virgin Galactic, SpaceX, Origin, Federal Aviation Administration, Italian Air Force, Virgin, Glenn, United Launch Alliance, Rocket, NASA, US Space Force, AP Locations: Texas, New, Glenn, ULA

☆ 'We are losing competitiveness' in the EU, former Italian Prime Minister Letta says
▼ + stars: | 2024-05-15 | 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 Email'We are losing competitiveness' in the EU, former Italian Prime Minister Letta saysEnrico Letta, author of "Much More Than A Market" and former Italian prime minister, discusses the European economy.

Persons: Letta, Enrico Letta Organizations: EU Locations: Italian

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