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Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum criticized Boeing in a CNBC interview. AdvertisementBoeing is facing criticism from one of its biggest customers, as the CEO of Emirates told the planemaker to "get your act together," in an interview with CNBC. AdvertisementAl Maktoum told CNBC that his message for Boeing is: "Get your act together and just do it. An Emirates Boeing 777. Urbanandsport/NurPhoto via Getty ImagesWith 250 planes on order, Emirates is Boeing's biggest customer for widebody jets.
Persons: Sheikh Ahmed bin Saeed Al Maktoum, , We're, it's, Al Maktoum, Max, Dave Calhoun, Al Maktoum's, It's, didn't, Scott Kirby Organizations: Boeing, CNBC, Service, Emirates, Business, Alaska Airlines, National Transportation Safety, Emirates Boeing, Getty, Airbus, United Airlines Locations: Emirates, Dubai
She was my best friend and now celebrating holidays like Mother's Day hurt so much. AdvertisementOnly two years ago, Mother's Day was a wonderful, beautiful holiday. They announced families were invited to an upcoming Mother's Day brunch and she wanted to show off her family to her new friends. Related storiesI was there every day of her nightmarish 50-day stay, visiting the hospital twice a day to meet with her medical team. No holiday has been the same since 2022 and Mother's Day is particularly painful.
Persons: , She'd, doesn't Organizations: Service
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey released Friday. The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for the month, down from 77.2 in April and well off the Dow Jones consensus call for 76. Along with the downbeat sentiment measure, the outlook for inflation across the one- and five-year horizons increased. The inflation readings represent the biggest pitfall for policymakers as the Federal Reserve contemplates the near-term path of monetary policy. The next important data point for inflation comes Wednesday when the Labor Department releases its consumer price index report for April.
Persons: Dow Jones, Joanne Hsu, Paul Ashworth, Jeffrey Roach, it's, Jerome Powell Organizations: The University of Michigan Survey, Dow, North, Capital Economics, Federal Reserve, LPL, Fed, Labor Department Locations: North America, Michigan
"Cooking Up Murder" tells the story of Spanish chef César Román, who murdered his girlfriend, Heidi Paz. The chef killed Paz in 2018, and he then moved to Madrid using a fake name. AdvertisementNetflix's "Cooking Up Murder" tells the story of Spanish chef César Román, who killed his girlfriend, Heidi Paz, in 2018. NetflixIn the series, Román alleges that Paz was killed by a gang in connection to a cocaine deal gone wrong. Advertisement"I cannot turn back time, something I would like more than anything in the world," Román wrote.
Persons: César Román, Heidi Paz, Paz, , Dr, Ruth Tully, dismembering, Román, he's, God, Jesus Christ, Heidi's, Alexis Socias, El Pais Organizations: Service, Netflix, Madrid Metropolitan, Román, Soto, Soto del Real Penitentiary, Spanish, El Pais Locations: Madrid, Spanish, Zaragoza, Spain, Soto del
Officials are urging those who have been rescued from the floods not to return to their homes. Carlos Fabal/AFP/Getty ImagesA horse was found stranded on a rooftop in a flooded area in Brazil's Rio Grande do Sul on Wednesday, May 8. It had been stuck on the roof for four days surrounded by flood water in the municipality of Canoas in the Brazilian state Rio Grande do Sul. Agencia Brasil, the sate-run news agency, has reported the rescue of more than 2,000 animals since the floods impacted Rio Grande du Sol, including dogs, cats, chickens, and pigs. Cars are surrounded by flooded streets after heavy rain in Canoas, in Rio Grande do Sul state, on May 9, 2024.
Persons: INMET, Katiane Mello, James Vargas, Carlos Fabal, , Luiz Inácio Lula da Silva, El Niño, Carlos Macedo, Adriano Machado Organizations: CNN, Getty, Globo, Agencia Brasil, AP Brazilian Air Force Soldiers, Brasilia Air Force Base, Reuters Locations: Brazil, Rio Grande do Sul, Uruguay, Porto Alegre, Eldorado do Sul, AFP, Brazil's Rio Grande do Sul, Paulo’s, Canoas, Rio Grande, Sol, Pacific, Reuters Rio Grande do Sul
One investor says growth stocks still offer opportunities — but it's time to get selective. "Growth stocks will continue to outperform value stocks, generally speaking. Growth stocks are expected to grow rapidly, but do not pay out dividends and are often often more expensive than so-called value stocks. When considering which stocks to buy, Coons stressed the importance of valuations. "I would stay away from growth stocks outperforming because of story and invest in those with real revenue and earnings growth."
Persons: Adam Coons, Coons, PayPal Holdings Coons, " Coons, Moody's Organizations: Winthrop Capital Management, CNBC Pro, PayPal Holdings, PayPal, C Technologies, SS Locations: Coons
A cruise ship worker was accused of stabbing a passenger and attacking crew members. AdvertisementA cruise ship employee was arrested after he allegedly used scissors to stab three people aboard a ship that was traveling to Alaska. The employee, identified as Ntando Sogoni from South Africa, had recently started working on Norwegian Encore, a ship operated by Norwegian Cruise Line, according to an affidavit from FBI Special Agent Matthew Judy cited by AP News. The US Department of Transportation keeps a record of reported crimes on cruise ships through quarterly reports. The district attorney's office, Juneau's police department, Sogoni's lawyer, and Norwegian Cruise Line did not immediately respond to requests for comment.
Persons: , Matthew Judy, Sogoni Organizations: Service, Norwegian Cruise, AP News, FBI, US Department of Transportation, Cruise Locations: Alaska, Seattle, South Africa, Norwegian, Sogoni, Vancouver Island, British Columbia, Juneau
A Florida real-estate firm forecasts that 31 pre-construction condo buildings in the Miami region are ripe for Airbnbs. So many, in fact, that they outnumber the amount of traditional rentals tagged for development over the same time. "We've had a development industry that is adding more short-term rentals to South Florida inventory," Studnicky told BI. AdvertisementDevelopers in the Miami region should focus on creating more traditional rentals to alleviate pressure in the market, Studnicky believes. In the past 10 years, Studnicky estimates a much more robust 20,000 traditional rental units were built in Miami.
Persons: , Craig Studnicky, Studnicky, We've Organizations: ISG, Service, Dade, Miami Homes, Miami Locations: Florida, Miami, Dade County, Broward County, South Florida, Broward
CNBC's Inside India newsletter: A disconnected stock market
  + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +5 min
CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.
Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings
McDonald’s is working to introduce a $5 value meal
  + stars: | 2024-05-10 | by ( Kate Rogers | ) www.cnbc.com   time to read: +2 min
McDonald's is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The value meal was first reported by Bloomberg News. The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands. Mentions of low-income consumers on company earnings calls are at their highest levels in nearly two years, according to data from Bank of America. An initial proposal by McDonald's for the $5 value meal did not clear necessary hurdles, and additional details are now being discussed, according to a person familiar with the process.
Persons: McDonald's, Dave, Buster's, Chris Kempczinski, Kempczinski, Ian Borden, — CNBC's Amelia Lucas Organizations: CNBC, Bloomberg News, Bank of America, McDonald's, U.S Locations: U.S
Instead of being sad that she's not here this Mother's Day I will celebrate her life. AdvertisementThis Mother's Day is the first time in my 66 years of life that I have no mom. I used to feel bad on Mother's Day for friends who had lost theirs. AdvertisementAs a self-taught outsider artist, my mother's life was one giant treasure hunt. Her greatest joy would be to see me happy and celebrating Mother's Day with my own sons.
Persons: , I'm, gravesites, Joseph Cornell, Mona, Warren Buffet, Pollyanna Organizations: Service
Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. AppLovin reported earnings per share of 67 cents, versus the 57 cents expected from analysts polled by LSEG. Bumble reported earnings per share of 19 cents, versus the 7 cents expected from analysts polled by FactSet. Adjusted earnings per share were 7 cents, versus the 6 cents expected.
Persons: Revenue, Klaviyo, AppLovin, AMC's, Duolingo, LSEG . Bumble —, Bumble, Warby Parker, Warby, Roblox, , Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin Organizations: FactSet, Warner Bros, LSEG, postmarket, Revenue, AMC, FactSet . Revenue, Wall Locations: British
CNN —A suspect has been indicted in relation to the deaths of two Australian brothers and an American, who died during a surfing trip in Mexico, according to Baja California’s Prosecutor’s Office. The suspect was indicted on a charge of forced disappearance in the case involving the three tourists, whose bodies were found last week dumped in a 50-foot well with gunshot wounds to the head. While Baja California has been plagued by drug cartel violence in recent years, it rarely occurs in tourist areas like Ensenada. Dozens of people held a protest last week in Ensenada calling on authorities to do more to tackle violence facing tourists and locals alike. While parts of Mexico are established tourist destinations, violent crime including kidnapping and human trafficking plague parts of the country, particularly in border areas.
Persons: Jake, Callum Robinson, Jack Carter Rhoad, Jessie Yeung Organizations: CNN, Prosecutor’s, ” Authorities Locations: Mexico, Baja, Ensenada, Tijuana, Baja California
Thursday's gains put the S & P 500 less than 1% away from its record close on March 28. Tech sits out: The only S & P 500 sector in the red Thursday was technology. A bunch of solar stocks, which fall under the tech bucket, were lower after SolarEdge gave disappointing second-quarter guidance. S & P leaders: The top-performing sectors in the S & P 500 on Thursday were real estate, utilities and energy. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Dow, Stocks, We'll, we'll, SolarEdge, It's, Jayshree, What's, Jim Cramer's, Jim Organizations: CNBC, University of Michigan's, Tech, Arm Holdings, Arista Networks, Dow, Utilities, Technologies, Insulet Corp, Akamai Technologies, Jim Cramer's Charitable Locations: SolarEdge, Salesforce
At least, that's one productivity tip from Cal Newport, a Georgetown University professor and author of "Slow Productivity." Newport's latest book aims to help people eliminate what he calls "pseudo productivity," or the performance of busyness, and to replace that effort with outcomes-based work. "What matters is, what are you producing over time, and how good is the stuff you're producing?" The basic principles of switching to slow productivity are to do fewer things, work at a natural pace and obsess over quality. You could also try working in cycles.
Persons: Newport Organizations: Cal Newport, Georgetown University, Newport, CNBC Locations: Cal, Newport, Basecamp
Money market funds' siren song has become a little louder: With the timing of Federal Reserve rate cuts shaky, yields on cash are still hot – for now. Here's how to decide where and when to redeploy some of your idle cash into fixed income. Taxes are also a key consideration as you build out your fixed income sleeve. Interest income from Treasurys, meanwhile, is subject to federal income tax but exempt from state and local taxes. A gradual entry toward fixed income You don't have to build out your fixed income allocation in one day.
Persons: Rob Williams, Charles Schwab, Ashton Lawrence, Lawrence, Williams Organizations: Mariner Wealth Advisors, Mutual Locations: Greenville , South Carolina, Treasurys, New York , New Jersey, California
It may not have been his dream, but Gift Kasonda was happy to have been working as a laborer on a construction site in South Africa’s coastal city of George. A recent high school graduate, he had emigrated from Malawi last year and was hoping to save money for college, said his uncle, Gracium Msiska. The four-story building under construction where he was working collapsed in a thunderous instant on Monday, killing at least eight people and leaving dozens of others, including Mr. Kasonda, missing. But rescuers were still desperately combing through some 3,000 tons of concrete. As of Thursday afternoon, 29 of the 37 people pulled from the wreckage had survived and 44 people were still missing, according to the authorities.
Persons: Kasonda, Gracium Locations: South, George, Malawi
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview"One Tree Hill" star Chad Michael Murray's perspective on his acting career lately has been influenced by fatherhood. Murray and his wife Sarah Roemer, who co-starred on the TV show "Chosen," have three children together. The pair haven't publicly disclosed any of their names, but occasionally share photos of their kids on social media. "I don't want my kids going to school, being freshman in high school, and dad's butt posted all over their locker," Murray explained.
Persons: , Chad Michael Murray's, Murray, Sarah Roemer, he's, Roemer, Jim Kelly's, Sarah, I've, We've, emoji, Numéro Organizations: Service, Numéro, Business, Us Weekly, Buffalo Bills, Entertainment, Netflix
The arrests came after a months-long investigation by the attorney general’s office into the risks of sexual exploitation of children on Facebook and Instagram. That investigation also formed the basis of a lawsuit against Meta, filed in December, accusing the tech giant of creating a “breeding ground” for child predators. The company also said in December that it had launched technology to proactively detect and disable accounts displaying suspicious behaviors and that it formed a Child Safety Task Force. But Torrez said during Wednesday’s press conference that the arrests underscore the ongoing, real-world risks to children from Meta’s platforms. “Throughout the conversation Fernando sent pictures of his genitals and spoke to her about having sex,” a press release from the attorney general’s office states.
Persons: Mark, General Raúl Torrez, we’ve, Zuckerberg, Meta, Torrez, Fernando Clyde, Fernando, , Clyde, Marlon Kellywood, Kellywood, Christopher Reynolds, Reynolds Organizations: New, New York CNN, Facebook, Meta, CNN, National Center for, , Force, , Clyde Locations: New York, New Mexico, Mexico
In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTIn this photo illustration, the Warner Bros. Here is how Warner Bros. Discovery performed, compared with estimates from analysts surveyed by LSEG: Loss per share: 40 cents vs. 24 cents loss expected40 cents vs. 24 cents loss expected Revenue: $9.96 billion vs. $10.231 billion expected Warner Bros. Warner Bros. While NBCUniversal holds the U.S. rights for the Olympics, airing the games on its TV networks and Peacock streaming service, Warner Bros.
Persons: Rafael Henrique, Discovery, , Max, Hulu —, I've, David Zaslav, Zaslav, NBCUniversal, Discovery's Max Organizations: Warner Bros, Getty, Discovery, TNT, Justice League, Disney, Hulu, CNBC, Warner Bros . Discovery, Fox Corp, Sports, NBA, Olympics Locations: U.S, Paris, Europe
A psychologist told Business Insider why true crime turns viewers into armchair detectives. True crime blurs the line between real life and fictionRichard Gadd as Donny Dunn in "Baby Reindeer." AdvertisementThat's further complicated by some true crime audiences thinking they are helping to bring about justice by becoming armchair detectives. AdvertisementIn a piece published by The Guardian, titled "Why do women love true crime so much?" Ed Miller/NetflixThis raises the question of whether streaming services and TV networks are doing enough to protect those involved in true crime content.
Persons: , Donny Dunn, Richard Gadd, Martha, Gadd, Martha Scott, He's, Piers Morgan, Fiona Harvey —, TikTok sleuths, Sean Foley, Foley, — sean foley, @SeanFoleyJ, Nicola Bulley, Andrew Snowden, Ed Miller, Ruth Tully, Tully, Nancy Jo Sales, influencers, Jessica Gunning, " Gadd, Benjamin King, it's, King, Errol Lindsay, Jeffrey Dahmer's, Jeffrey Dahmer, Rita Isbell, Netflix should've Organizations: Service, Rotten, Google, Netflix, Daily Mail, Police, Lancashire's Police, The Guardian, European, Research, Business Locations: British
But the FBI said this week they’ve arrested the mystery man who entered her Madrid apartment building that night: her estranged husband. Knezevich’s attorney, Kenneth Padowitz, told CNN in February that his client is innocent and “has never been to Spain.” Padowitz declined to comment Wednesday after Knezevich’s arrest. She was planning a trip to Barcelona with her friends on February 5, her brother told CNN, making her sudden lack of contact more concerning. Spanish firefighters entered her apartment for a welfare check and she was nowhere to be found, court documents said. And they were written with the help of another Colombian woman Knezevich had met on a dating app months earlier, court documents said.
Persons: Ana Maria Knezevich, Henao, they’ve, David Knezevich, he’d, Kenneth Padowitz, , ” Padowitz, Knezevich, ” Henao, Padowitz, Ana Maria Knezevich Henao, Manu Fernandez, James Marshall, they’re, ” Marshall, , Sanna Rameau, ” Rameau, she’d, — Knezevich, Knezevich’s, CNN’s Pau Mosquera, Denise Royal, Carlos Suarez Organizations: CNN, FBI, Miami International Airport, EOX Technology Solutions Inc, Peugeot, AP FBI Locations: Madrid, Spain, Florida, Barcelona, Fort Lauderdale, Miami, Serbia, Spanish, Turkey, Belgrade, Salamanca, Colombia, Colombian, Bogota
Discovery reported a $200 million loss on the game "Suicide Squad: Kill the Justice League." It's a reminder of how similar the video-game business is to Hollywood: big expenses, big rewards, big penalties for missing. AdvertisementDid you play "Suicide Squad: Kill the Justice League," the video game that came out in February? Discovery, which released the game, is that very few people did, and the ones who did really didn't like it. And that led the company to take a staggering $200 million loss on the game, which it disclosed in its first-quarter earnings on Thursday.
Persons: Organizations: Warner Bros, Discovery, Justice League, Big, Service, Business Locations: Hollywood
Discovery reported a $200 million loss on the game "Suicide Squad: Kill the Justice League." It's a reminder of how similar the video game business is to Hollywood: big expenses, big rewards, big penalties for missing. AdvertisementDid you play "Suicide Squad: Kill the Justice League," the video game that came out in February? Discovery, which released the game, is that very few people did, and the ones who did really didn't like it. And that led the company to take a staggering $200 million loss on the game, which it disclosed in its first-quarter earnings Thursday.
Persons: Organizations: Warner Bros, Discovery, Justice League, Big, Service, Business Locations: Hollywood
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former employee of Boeing supplier Spirit AeroSystems said he nearly developed a fear of flying because of what he saw during his 12-year stint inspecting aircraft fuselages there. "Working at Spirit, I almost grew a fear of flying," said Paredes. Paredes told CBS that he once sent an email pushing back against his managers' requests to speed up inspections and then was removed from his leadership position. Spirit AeroSystems did not immediately respond to a request for comment outside regular business hours by Business Insider.
Persons: , Spirit AeroSystems, Santiago Paredes, Paredes, Kris Van Cleave, Spirit, John Dean, Max, AeroSystems Organizations: Service, Boeing, Spirit, CBS News, Business, CBS, Alaska Airlines, Federal Aviation Administration, National Transportation Safety, BBC, BI Locations: Wichita, Spirit's Wichita
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