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Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. On top of Tesla and X, Musk also runs SpaceX, Neuralink, AI startup xAI, and an underground tunnel company. AdvertisementAt Tesla, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. AdvertisementOther former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.
Persons: , Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, that's, Weeks, Kali Hays, Levenson Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, Getty, New York Times, National Labor Relations, BI, NLRB, Musk's SpaceX, Twitter's Locations: York
CNN —Haiti’s Transitional Presidential Council has tapped former Prime Minister Garry Conille to return to the position during the government’s transition period, council president Edgard Leblanc Fils said Tuesday. Conille briefly served as prime minister from 2011 to 2012 during the presidency of Michel Martelly. His appointment is a key step in the reconstruction of Haiti’s government, following the ouster of former Prime Minister Ariel Henry earlier this year. The new prime minister and the nine-member council must also select a cabinet and eventually lead Haiti to new elections. That foreign mission, led by Kenya, is now expected to arrive sometime in June.
Persons: Garry Conille, Edgard Leblanc Fils, Conille, Leblanc Fils, Michel Martelly, Ariel Henry, Henry Organizations: CNN, UNICEF, Caribbean, CARICOM Locations: America, Haiti, Kenya, Port
CNN —Indian Prime Minister Narendra Modi is increasingly resorting to overtly Islamophobic language during his election campaign, critics and observers say, as he seeks a third straight term governing the world’s most populous nation. It’s coming directly from the prime minister. The BJP did not respond to a request for comment on the rhetoric being used by party leaders during this campaign. The prime minister has set an ambitious target for his alliance to win 400 seats in the country’s Lok Sabha, or lower house of Parliament, in this election. BJP party spokespeople subsequently said Modi was talking specifically about undocumented migrants.
Persons: Narendra Modi, , Modi, we’ve, ” Milan Vaishnav, , surrogates, “ Modi, it’s, , Asim Ali, It’s, ” Modi, he’s, Jaiveer Shergill, Irfan Nooruddin, Weeks, Arvind Kejriwal, Ali, Santosh Kumar, Alishan Jafri, Vaishnav, ” Nooruddin, Prakash Singh, spokespeople Organizations: CNN, Indian, Bharatiya Janata Party, BJP, South Asia, Carnegie Endowment, International, Home Minister, Indian National Congress, , Georgetown University, Indian Army, Hindustan Times, Bloomberg, Getty Locations: , BJP, Lok, Delhi, Pataliputra, India, Australia, United States, China, Britain, Muzaffarnagar district, Uttar Pradesh
(That's not a knock on the company — for a lot of crypto exchanges, the Empire State is a tough nut to crack.) Crypto.com's primary business is its cryptocurrency exchange, which works as a middleman for people buying and selling crypto, but it also offers other products, including crypto Visa cards. To be sure, the casino thing could be said about most crypto exchanges — and sports-betting apps, and many regular trading apps. It's a good reminder that, whatever the company, it's better to use exchanges only for trading your crypto assets, not for storing them. Or maybe in five years we'll be looking back at this moment and saying: "Remember that one crypto company?
Persons: Eminem, Sam Bankman, Crypto.com doesn't, Jojo Siwa, it's, He'd, Nic Carter, Crypto.com, Kris Marszalek, Foris DAX Asia, It's, Matt Damon, Steven Kalifowitz, Bill Clinton, Tony Blair, FTX, hasn't, Marszalek, wasn't, Alex Gladstein, Emily Stewart Organizations: NBA, Los Angeles Lakers, It's, UFC, NASCAR, Lakers, Castle, Ventures, Staples Center, Miami Heat's, Binance's, Forbes, Financial Times, Securities and Exchange Commission, Bloomberg, PayPal, JPMorgan doesn't, Human Rights Foundation, Business Locations: New York, America, Singapore, Nigeria, Bulgaria, Monaco, Hong Kong, Polish, Los Angeles, Bahamas, Netherlands, Asia, Americas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of the Halftime Report — May 28, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
This is the word of the summer on Wall Street
  + stars: | 2024-05-28 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
New York CNN —Bifurcation is the word of the summer. Or it’s the word of the summer among investors, at least. It’s a word that the market gets hung up on and then all you do is hear that word. But I think that’s nearing an end, and so I would expect a slowdown in consumer spending. I’m not so sure that’s going to happen this time because their balance sheets and cash flows aren’t as strong.
Persons: Bell, Scott Wren, I’ve, We’ve, You’ve, you’ve, they’ve, That’s, hasn’t, you’re, I’m, Elon Musk’s, Elon Musk, Anna Cooban, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok, Laura He, Xi Jinping’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Fed, Elon, Investors, Sequoia Capital, xAI, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise Locations: New York, United States, Wells Fargo, Silicon, Saudi, OpenAI, China, ICBC, Beijing
Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900. The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German sports car amid the automotive industry's focus on increasing electrified vehicles and tightening fuel economy standards. "We developed and tested various ideas and approaches to decide on a hybrid system that optimally suits the 911," Frank Moser, Porsche vice president of the 911 and 718 model lines, said in a release. The new 911 Carrera GTS can accelerate from 0 to 60 mph in 2.9 seconds – 0.3 seconds quicker than the prior non-hybrid GTS model – and reach a top track speed of 194 mph. It is powered by a newly developed 3.6-liter boxer hybrid engine that produces 532 horsepower and 449 foot-pounds of torque.
Persons: Frank Moser Organizations: Porsche, Carrera, Volkswagen
Nearly six months since McDonald's opened its first CosMc's location, the hours-long drive-thru lines have died down, but the chain is just getting started. Since opening the initial location in the Chicago suburb of Bolingbrook, McDonald's has opened three more CosMc's restaurants, all in Texas. In another sign of the new brand's expansion, it will launch its own mobile app and loyalty program, called CosMc's Club, on Tuesday. And loyalty program members earn 10 points for every dollar they spend; once they rack up 400 points, they can redeem them for $2 rewards. CosMc's buzz dies downAt McDonald's December investor presentation, Kempczinski downplayed the short-term effect of CosMc's.
Persons: McDonald's, Chris Kempczinski, Katie Belflower, CosMc's, Mark Kalinowski, Kempczinski, we're, Frappes, Weeks, Kalinowski, Amelia Lucas Organizations: Lone Star State, CosMc's, Kalinowski Equity Research, CNBC, Intouch Locations: Chicago, Bolingbrook, Texas, McDonald's, Illinois
Storms unloaded hurricane-force wind gusts across the Dallas area, with Dallas Fort Worth International Airport recording a wind gust of 77 mph early Tuesday as power outages in the area started to skyrocket. KTVTThe power outages started to ramp up early Tuesday morning in the Dallas area, then extended south with the storms as they roared across the state, according to PowerOutage.us. Large hail, lightning and wind gusts as strong as 80 mph are the main threats with any storm. Dallas is the second major Texas city to have critical power infrastructure damaged by severe weather in less than two weeks. Storm damage is seen in the Dallas-Fort Worth, Texas, area on May 28, 2024.
Persons: Houston’s George, Storms, Clay Jenkins, Grant Cruise, Oncor, , ” Cruise, it’s, Jenkins, Andy Rose Organizations: CNN, Dallas Fort Worth International, Dallas, Houston’s George Bush Intercontinental, White House, National Weather Service, Sunday, Houston, , Dallas County, Texans Locations: Texas, Dallas, Houston, Terrell , Texas, PowerOutage.us, Dallas County, Louisiana, Oklahoma, Fort Worth, Harris County, Fort Worth , Texas
When the DI+ is above the DI-, the stock is considered to be in an uptrend. Conversely, when the DI- is above the DI+, the stock is in a downtrend. The trade: Bear put spread Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you. If SAM’s stock price starts rising against my directional bias, I would want to cap my losses at 50% of my investment (i.e., $250). THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET.
Persons: Bear, Nishant Pant Organizations: Boston Beer, RSI
Enter the Epson FastFoto (FF-680W), the only home scanner on the market that can batch-process up to 35 photos at a time, with scanning speeds up to 80 photos per minute. Epson FastFoto (FF-680W) The FastFoto is one of the best photo scanners on the market, allowing you to batch-scan images at speeds of up to two photos per second. While the OfficeJet has can scan images, it is much slower and more manual process than with the FastFoto. The same photo, as scanned by a cellphone app and the Epson FastFoto. AdvertisementThe bottom lineThe Epson FastFoto is the easiest and fastest solution I've found for digitizing old photos.
Persons: I've, Lauren Savoie, I'd Organizations: Business, Google, Epson, Shop, HP
The Unlikely Women Fighting for Abortion Rights
  + stars: | 2024-05-27 | by ( Kate Zernike | ) www.nytimes.com   time to read: +1 min
For a long time, many women who had abortions because of catastrophic fetal diagnoses told their stories only privately. Grieving pregnancies they dearly wanted and fearing the stigma of abortion, they sought the closely guarded comfort of online communities identified by the way many doctors had described the procedure — TFMR, or “termination for medical reasons.”In the two years since the Supreme Court overturned Roe v. Wade, their pain has been compounded into anger by new abortion bans across the country. While these women account for a fraction of abortions in the United States, they have emerged as the most powerful voices in the nation’s post-Roe debate, speaking out against bans with their stories of being forced across state lines and left to feel like criminals in seeking care. Many of these women started out opposing abortion, but as they have changed their minds, they have changed the way Americans speak about it. Shifting from private anguish to public outrage, they have also helped shift public opinion toward more support for abortion.
Persons: Roe, Wade, , , Riata Little Walker Organizations: Locations: United States, Casper, Colorado
So in 2016, Badran set up her own tour company, Wander with Nada, to “show a different side of Dubai” to travelers. Her bespoke private tours are designed to suit the interests of each visitor, but her favorite itinerary is Dubai’s “old town,” a group of small neighborhoods around Dubai Creek where the city began and Badran spent her childhood. Badran leads me through the narrow alleys around the Dubai Old Souk, home to stores run by Indian-origin families. Stores in Old Dubai Souk. “Dubai is about opening your mind,” Badran says, “and embracing this diversity that makes it unique.”
Persons: Nada Badran, Badran, , , Nada, Rebecca Cairns, Al Maktoum, Sheikh Mohammed bin Rashid Al Maktoum, Al Talli, There’s, , it’s, ” Badran, Al Shindagha, Al, Djamel Boussaa, ” Boussaa, hasn’t, Rashid Haghaght, Al Karama, ” “ Organizations: CNN, , United Arab Emirates, Dubai, Heritage, UNESCO, Al Shindagha, Trading Locations: Florence, Dubai, The, Arabian, “ Dubai, , Rome, Athens, Edinburgh, UAE, Oman, today’s Iraq, Bani Yas, Al Shindagha, Suadna, South, West Asia, Al, Saudi Arabia, Al Fahidi, Jordan, Deira, Isfahan, Old Dubai, Abu Dhabi, Sharjah, Al Rigga, Souk, Old Dubai Souk, Jebel Ali, Iran, India, China
Opinion | The Stench of Climate Change Denial
  + stars: | 2024-05-27 | by ( Paul Krugman | ) www.nytimes.com   time to read: +1 min
This may sound a bit weird, but when I think about my adolescent years, I sometimes associate them with the faint smell of sewage. You see, when I was in high school, my family lived on the South Shore of Long Island, where few homes had sewer connections. Most had septic tanks, and there always seemed to be an overflowing tank somewhere upwind. Climate change. Along the Gulf and South Atlantic coasts, The Washington Post reported last week, “sea levels have risen at least six inches since 2010.” This may not sound like much, but it leads to rising groundwater and elevated risks of overflowing tanks.
Organizations: The Washington Post Locations: Shore, Long, Nassau County, Atlantic, The
CNN —Filmmaker Payal Kapadia made history Saturday, as she became the first person from India to clinch the prestigious Grand Prix at the 77th Cannes Film Festival, the second highest prize after the Palme d’Or. It is the first Indian movie in three decades to compete in Cannes’ main competition. “Please don’t wait another 30 years to have an Indian film,” she said to the audience. “Indian stars shining bright… These women have scripted history, and inspired the entire Indian film fraternity,” he wrote on the platform. In 1947, filmmaker Chetan Anand took Cannes’ top prize for his film “Neecha Nagar,” becoming the only Indian to win the accolade.
Persons: Payal Kapadia, Palme, ” Kapadia, Greta Gerwig, Lily Gladstone, , Narendra Modi, ” Rahul Gandhi, India’s, Anasuya Sengupta, , Chhaya, Divya Prabha, Stephane Cardinale, Corbis, Hridhu Haroon, Kartiki Gonsalves, Chetan Anand, Neecha, Kapadia Organizations: CNN, Prix, Cannes Film, Cannes, Indian National Congress, Grand, “ Salaam, Hollywood, Cannes ’ Locations: India, Mumbai, Cannes, , “ Salaam Bombay, Kani, Indian
Flash flooding alerts were in place for 9 million people, mostly in Tennessee, Kentucky and southern Indiana. At least 68 million people were under severe weather warnings on Memorial Day, as storms turned toward the Northeast after claiming the lives of at least 19 people and leaving half a million homes and businesses without power across the central United States. Some emergency phones lines had been damaged and were not operational, Kentucky State Police said, according to NBC affiliate WNKY of Bowling Green, Kentucky. Monday's weather warnings come after a torrid night across southern states and in the Great Plains. Weather watchers posted pictures from Missouri and Kentucky showing huge, ominous funnel clouds as well as golf ball-sized hailstones.
Persons: Cindi Watts, Evan Garcia, Mike Morgan, Michelle Grossman, Brian Spurlock Organizations: REUTERS, NBC, Indianapolis, Indianapolis Motor Speedway, Getty, Kentucky State Police, Tornadoes, NWS, National Weather Service, Lone Star State, West, Associated Press Locations: Temple , Texas, U.S, Colorado, Rand, Denver, Jackson, Tennessee , Kentucky, Indiana, Arkansas, Tennessee, Ohio, East Coast, Carolinas, Pennsylvania, New York, United States, INDIANAPOLIS, Indianapolis , Indiana, Kentucky, Missouri, West Virginia, Bowling Green , Kentucky, Great, Texas, Oklahoma, Valley View , Texas, Fort Worth, West , Florida
The lines for the show snake down the block, with people waiting for up to seven hours to buy tickets at the theater in downtown Kyiv. Videos of the performance have drawn millions of views online. The smash hit isn’t a popular Broadway musical or a series of concerts by a pop star — it’s a play based on a classic 19th-century Ukrainian novel, “The Witch of Konotop,” and the mood is anything but upbeat. Consider the opening line: “It is sad and gloomy.”Mykhailo Matiukhin, an actor in the production, said that is what has struck a chord with Ukrainians because it shows “what we are living through now.”
Persons: Mykhailo Matiukhin, Locations: Kyiv
Read previewRussia began its latest offensive in northern Ukraine too early and without enough soldiers because it wanted to get ahead of Western aid heading to Ukraine, experts said. AdvertisementRussia started its new offensive in Kharkiv, in northeast Ukraine, earlier this month. But, it added, "the likely premature start of Russian offensive operations appears to have undermined Russian success in northern Kharkiv Oblast." AdvertisementUkraine's President Volodymyr Zelenskyy in Kharkiv, Ukraine, on May 24, 2024. In April, Ukrainian President Volodymyr Zelenskyy said Russia was firing 10 times more artillery than Ukraine, and had 30 times more aircraft.
Persons: , ISW, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, Washington DC, for, Business, Presidential, AP Ukraine, Forces, Kharkiv, BI Locations: Russia, Ukraine, Kharkiv Oblast, Kharkiv, Kharkiv City, Berestove, Vovchansk
Everyone you know is going on a cruise
  + stars: | 2024-05-27 | by ( Harriet Baskas | ) www.cnbc.com   time to read: +2 min
Benjamin Xiang, a San Francisco-based flight attendant, went on his first cruise last August, setting aside his reservations about "cruise people" and a type of trip he'd imagined would be "not my travel style." He's among the many cruise newbies who've helped power the industry's recent growth. Some 27% of cruise passengers over the past two years have been first-timers, up 12% from the prior two-year period, according to the Cruise Lines International Association (CLIA), a trade group. That's exactly what cruise operators are hoping for, and so far they're getting it: 82% of all cruisers say they'll book again, CLIA's latest report found. After welcoming 31.7 million passengers last year, 7% more than in 2019, the industry expects volumes to swell to 34.7 million by the end of 2024.
Persons: Benjamin Xiang, he'd, Xiang, who've, Will, CLIA's, Jennifer Klaussen Organizations: Voyages, Cruise Lines International Association, Sundari Locations: San Francisco, Barcelona, Mallorca, Ibiza, Malibu , California
As an introvert, cruises are one of my favorite ways to travel and recharge. I book cruises with lines like Princess that I know are more peaceful and relaxed, too. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But even as a seeker of alone time, cruising remains among my favorite ways to explore the world. This story is available exclusively to Business Insider subscribers.
Persons: , I've, I'm Organizations: Service, Business
Shop at Walmart What we like Check mark icon A check mark. Local dimming for excellent contrast controlCheck mark icon A check mark. Shop at Mattress FirmFor a full breakdown of mattress deals, check out our guide to the best Memorial Day mattress sales. Shop at Amazon What we like Check mark icon A check mark. Shop at Amazon Shop at Kohl's What we like Check mark icon A check mark.
Persons: we've, you'll, you've, fryer, Braun, Fryer, Ninja's, Ninja, Crisp, Pick, It’s, Max, Casper, Pillow, Topper, Allbirds Organizations: Business, Apple, Day, Samsung, Walmart, Samsung TV, Amazon Sony, Amazon Samsung, Amazon, DreamCloud Sealy, Amazon ., Shop, Ninja, Sony, JBL Bluetooth, Amazon Beats, Amazon Apple, JBL, Haven, Elm, Flyers Locations: Brooklyn, France, Chewy
CNN —Tropical Cyclone Remal made landfall in Bangladesh on Sunday, bringing torrential rain and heavy winds as it continues to move inland across eastern India, toppling trees, turning roads into rivers and causing large-scale damage. Cyclone Remal made landfall in Bangladesh on May 26, 2024. Locals stand near the sea as Cyclone Remal made landfall in Bangladesh on May 26, 2024. Tropical Cyclone Remal has been churning across the Bay of Bengal since late last week prompting authorities to prepare ahead of its arrival. People are riding on a scooter as rains hit Kolkata, India ahead of Cyclone Remal's landfall on May 26, 2024.
Persons: Remal, K M Asad, , Md Liakath Ali, Ali, Sudipta Das, Narendra Modi, , ” Modi Organizations: CNN, Indian Meteorological Department, CNN Weather, Bangladesh Meteorological Department, BRAC, Coast Guard, Cyclone, Indian, Sunday, Cyclones, Shenzhen Institute of Meteorological, Chinese University of Hong Locations: Bangladesh, India, West Bengal, Bengal, Mongla, Payra, Myanmar, Cox’s Bazar, Kolkata, West, North America, Chinese University of Hong Kong, Asia, Western, Central India
Fans streamed through the gates, packing Roland Garros, lining up for crepes and champagne and Aperol spritzes. If that latter court is his living room, then the grounds at Roland Garros are his estate. Ever since then, Zverev has wanted another shot at playing Nadal at Roland Garros — though not in the first round, more like a semifinal or a final. The idea of playing Nadal on this clay sends chills through the spines of so many players. In 2022, I remember he came into Roland Garros not winning Monte Carlo, not winning Madrid, not winning Rome.
Persons: France —, Roland Garros, spritzes, , Ostapenko —, squandering, Lucia Bronzetti, Novak Djokovic, Serena Williams ’, Rafael Nadal, Suzanne Lenglen, Nadal, Court Philippe, Chatrier, Uber, Alexander Zverev, Tim Clayton, Corbis, ” Nadal, He’d, Zverev, hadn’t, ” Zverev, Andrey Rublev, Misha, punking, , , , Rafa, Tsitsipas, Philippe, Roger Federer, it’s, “ I’m, Iga Swiatek, Rafa Nadal, he’s, “ There’s, Monte, Casper Ruud, Gao Jing, Felix Auger, Aliassime, Hubert Hurkacz, I’m, Clive Brunskill Organizations: France — Officially, — Alcaraz, Ostapenko, Roland, Getty, NBA, Nadal, Rafa, Monte Carlo, Madrid, TennisViz Locations: PARIS, France, Osaka, Court, Australia, Barcelona, Monte Carlo, Rome, Xinhua, tennis
A judge found Trump liable for fraud for inflating his net worth to get friendly loans, and juries found Trump liable for sexual abuse and defaming Carroll. DEL VALLE: This is actually my fourth Trump trial. Here, it’s almost been interesting how at moments it just felt like a regular trial. Reporters in the courtroom sat behind Trump – with a view often blocked by the many officers in the aisles of the gallery. The response prompted one of the biggest laughs in the courtroom in the entire trial – even several jurors were laughing.
Persons: Donald Trump’s, CNN’s Kara Scannell, Lauren del Valle, Jeremy Herb, Jean Carroll, Trump, defaming Carroll, del, he’s, it’s, That’s, I’ve, Kara, Lauren, Daniels, It’s, Susan Hoffinger, Christine Cornell, Michael Cohen’s, Todd Blanche, Blanche, Cohen, Keith Schiller, Cohen …, flailing, Kaitlan Collins, Robert Costello, Emil Bove’s, Costello, Judge Juan Merchan, ” Merchan, , admonish, David Pecker, Trump’s, Pecker, Jane Rosenberg Hope Hicks, Hope Hicks, CNN Madeleine Westerhout, Madeleine Westerhout, Attorney Alvin Bragg, Boris Epshteyn, , Joshua Steinglass, Emil Bove, Jaden Jarmel, Schneider, Bove, , ” Jarmel, ” Bove Organizations: CNN, Trump, New, DEL VALLE, Midway, National Enquirer, Trump … DEL VALLE, White House, VALLE, White, Attorney, Republican Locations: York, New York, del Valle, Manhattan
Therefore, companies with exposure to the wealthier consumer should benefit, said a team of Morgan Stanley analysts led by Michelle Weaver. "This has changed post-Covid and we believe travel names exposed to high end consumers will continue to outperform those exposed to low end consumers." "We see a record spring and summer travel season with our 11 highest sales days in our history all occurring this calendar year," he said. Morgan Stanley continues to prefer the premium airlines. Its management has also noted its premium revenue is nearly 20% from last year and currently makes up 61% of revenue, he said.
Persons: Morgan Stanley, AlphaWise, Michelle Weaver, Ed Bastian, Ravi Shanker, Morgan, Shanker, Stephen Grambling, Hilton, Grambling, Wyndham, Jamie Rollo, Rollo, — CNBC's Leslie Josephs Organizations: Delta Air, Alaska Air, Alaska Airlines, American Airlines, Marriott, CCL, Royal, Norwegian Cruise Locations: Grambling, Royal Caribbean, Norwegian
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