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Boeing CEO Dave Calhoun has resigned and is set to leave at the end of the year. He's not the first leader of the company to leave amid recent safety concerns — and he's likely to do so with a big payout. "I've entered my fifth year," Calhoun told CNBC, referring to his time at Boeing. AdvertisementHow much Calhoun will get after his exit from Boeing will depend on how the aircraft maker's stock price moves. A Boeing spokesperson told Business Insider the company will outline details of Calhoun's compensation in company filings over the "coming weeks."
Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, , He's, I've, Ben Silverman, Fortune, Max Organizations: Service, Boeing, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety Board
Spring equinox: First day of spring arrives
  + stars: | 2024-03-19 | by ( Forrest Brown | ) edition.cnn.com   time to read: +7 min
The spring equinox will arrive exactly at 3:06 UTC (Coordinated Universal Time) on Wednesday, March 20, according to EarthSky. Click here to look up the exact moment of the spring equinox where you’re located. Spring equinox has another nameIf you ever hear anyone say “vernal equinox,” it means the same thing. Zhang Xiaoyu/Xinhua News Agency/Getty ImagesIn Japan, Vernal Equinox Day is a public holiday (on Wednesday, March 20, this year). In China, trying to stand an egg upright is a popular game during the spring equinox, according to VisitBeijing.com.
Persons: Tuesday •, , • Chiang Mai, David Silverman, Alex Pena, It’s, you’ve, it’s, Hugo Borges, Itzá, El Castillo, Zhang Xiaoyu, Organizations: CNN, Tuesday, United, Southern, Anadolu Agency, Getty, NASA, Northern Hemisphere, Northern, Southern Hemisphere, National Weather Service, Heritage, Xinhua News Agency Locations: • Anchorage, Alaska, Vegas ( Nevada, Tuesday • Guadalajara, Mexico, Chicago, Illinois, Toronto, Canada, Jacksonville, Florida, Halifax, • Dublin, Ireland, Accra, Ghana, • Berlin, Germany, • Alexandria, Egypt, • Ankara, Turkey, • Dubai, United Arab Emirates, • Mumbai, India, Thailand, • Hong Kong, • Tokyo, Japan, Stellenbosch , South Africa, Northern, South, Quito, Ecuador, Singapore, San Andrés, Zapotitán, El Salvador, Pole, Scandinavia, Itzá, Yucatan State, AFP, England, Malta, Yoyogi, Tokyo, Vernal, Persian, China
CNN —Needing to make one miracle shot to stay in The Players Championship, it was do-or-die for Ben Silverman. “Let’s go make it happen,” his caddie quipped as he left the range, recorded in a video posted by the PGA Tour on X. pic.twitter.com/sfH6F6iNyl — PGA TOUR (@PGATOUR) March 16, 2024Yet there were no regrets from Silverman, a 14-year professional who has won twice on the Korn Ferry Tour, the PGA Tour’s developmental circuit. “There’s no point in putting so much pressure on it, just do the best I can,” reflected Silverman, who was making his Players Championship debut. The Japanese golfer teed off from the same hole Saturday morning at even-par overall, but saw his make-or-break 34-foot birdie putt come up just short to fall one shot short of the cut line.
Persons: Ben Silverman, Silverman, Ryo Hisatsune, “ Let’s, Silverman –, sfH6F6iNyl, , “ Didn’t, ” Silverman, Mike Ehrmann, Hisatsune, teed, Justin Thomas, Jordan Spieth, Thomas, Wyndham Clark, Xander Schauffele, Nick Taylor Organizations: CNN, PGA, TPC Locations:
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe options market is signaling the opposite of doom and gloom, says Amy Wu SilvermanAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses the options market and trading day ahead.
Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets
This is especially important for the company's Fisher-Price and American Girl brands, which have been in the midst of their own transformations for several years. In just the last year, net global sales for American Girl were down 9%. When it comes to to the American Girl brand, Kreiz admits that the challenges "were not product driven," but rather an issue with its commercial strategy. American Girl doll by Mattel Source: Mattel"We think there's some real opportunities to continue to grow the brand and extend the story that exists within American Girl thoughtfully, and we want to do it authentically," said Silverman. Mattel executives remained tightlipped about what to expect from an upcoming American Girl movie, which currently does not have a release date.
Persons: Barbie, Ynon Kreiz, Fisher, Price, Kreiz, He's, Greta Gerwig, Josh Silverman, Margot Robbie, It's, company's Fisher, Capital, Mattel, Silverman, Lisa McKnight Organizations: Warner Bros, Mattel, Barington Capital, American Girl, CNBC, Sinfonietta, Sunday's, American, Fisher, Disney, Paramount Locations: American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe fear of upside has captivated the options market, says RBC's Amy Wu SilvermanAmy Wu Silverman, RBC Capital Markets head of derivatives strategy, joins 'Squawk Box' to discuss the latest market trends, why she believes the biggest fear for investors currently is the fear of missing out on the markets' momentum higher, what options are saying about equities, and more.
Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets
Read previewIn response to The New York Times' lawsuit against OpenAI, the artificial intelligence company is clapping back, saying in a new federal court filing that the Times hired someone to "hack" OpenAI platforms. "The truth, which will come out in the course of this case, is that the Times paid someone to hack OpenAI's products," OpenAI's lawyers wrote in a motion filed in Manhattan federal court on Monday. Not only did the Times pay someone to "hack" OpenAI's products, the filing alleges, but it also gamed the system to produce misleading evidence for the case. "It took them tens of thousands of attempts to generate the highly anomalous results" outlined in the Times' complaint, OpenAI's filing says. "Normal people do not use OpenAI's products in this way," the filing continues.
Persons: , OpenAI, George R, Martin, Sarah Silverman, John Grisham Organizations: Service, New York Times, OpenAI, Times, Business, Microsoft, The New York Times Locations: Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInsider selling activity over next month 'crucial' to gauge caution, says Verity's Ben SilvermanBen Silverman, Verity Platform, joins 'Fast Money' to talk insider selling trends among the ultra wealthy and mega cap tech.
Persons: Verity's Ben Silverman Ben Silverman, Verity
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock replacement allows investors to dip one toe into the water, says Amy Wu SilvermanAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses Nvidia, the Magnificent 7 stocks, and the options market.
Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets, Nvidia
EY's Daco said the past few years have been marked by a mismatch in supply and demand when it comes to goods, services and even workers. Companies furloughed workers in the early pandemic and then struggled to fill jobs. David Silverman, a retail analyst at Fitch Ratings, said companies are "feeling a bit heavy as sales growth moderates and maybe even declines." Cost cuts at UPS, Hasbro and Levi all followed sales declines in the most recent fiscal quarter. "Part of companies' decision to lower their expense structure is in line with their views that 2024 may not be a fantastic year from a top-line-growth standpoint," Silverman said.
Persons: EY's Daco, David Silverman, Levi, Fitch, Silverman Organizations: Getty, Airlines, Cox Automotive, Fitch, UPS, Hasbro, Walmart, Target Locations: U.S
The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.
Persons: Donald Trump, Trump, , MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia
How to watch the 2024 Grammy Awards
  + stars: | 2024-02-04 | by ( Marianne Garvey | ) edition.cnn.com   time to read: +4 min
At Sunday’s 66th annual Grammy Awards, nominees SZA and Taylor Swift are poised for significant wins, while the stage is set for some legendary performances. The hostHost Trevor Noah at the Grammy Awards in 2023. I’m really, really, really not even saying this just to be humble or anything. The nomineesSZA, performing here in 2022, leads this year's Grammy nominees. If her “Midnights” wins album of the year, she will become the first artist to win the category four times.
Persons: CNN —, Taylor Swift, Tracy Chapman, Luke Combs, Joni Mitchell, Trevor Noah, Kevin Winter, Noah, He’s, Dave Chappelle, Wanda Sykes, Chris Rock, Sarah Silverman, “ I’m, ” Noah, I’m, Jemal Countess, SZA, Lauryn Hill ”, Midnights ”, Olivia Rodrigo, boygenius, Jon Batiste, Miley Cyrus, Billie Eilish, Victoria Monét, Joe Okpako, Meryl Streep, Lenny Kravitz, Christina Aguilera, Lionel Richie, Mark Ronson, Samara Joy, Taylor Tomlinson, Oprah Winfrey, Cindy Ord, MG23, Travis Scott, Burna, Billy Joel, John Locher Organizations: CNN, Hollywood, North, CBS, Paramount, Showtime Locations: Maluma, Samara, North America, Dua Lipa
Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy , which announced on Thursday that Elliott partner Marc Steinberg would join the company's board. The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC. The position would make it Etsy's largest investor. Still, the e-commerce company's stock is down about 10% year-to-date. It competes with e-commerce companies including Amazon, which has its own handcrafted products platform.
Persons: Elliott, Marc Steinberg, CNBC's David Faber, Josh, Steinberg, Etsy, Josh Silverman, Silverman Organizations: Nasdaq, Elliott Management, CNBC, Vanguard, BlackRock, Match Group, Philips, Amazon Locations: New York City, Salesforce, Brazil
Temu is owned by PDD Holdings , a Chinese company that moved its principal office to Ireland last year. Meta is expected to report revenue growth of 22% for the quarter to $39.2 billion, according to analysts surveyed by LSEG, formerly Refinitiv. JMP analysts estimated that Temu and Shein spent roughly $600 million and $200 million, respectively, on Facebook and Instagram ads in the third quarter. In December, Temu sued Shein, alleging questionable business practices and a "mafia-style intimidation of suppliers," according to legal documents. Meta isn't the only U.S. internet company effected by the speedy growth from Temu and Shein.
Persons: Mark Zuckerberg, Jack Ma, Shu Zhang, Victor Lee, Lee, who's, Shein, Meta, Pavlo Gonchar, Temu, didn't, Susan Li, data.AI, It's, Chris Mack, Harding Loevner, they've, Mack, Shein confidentially, Mike Gallagher, Gallagher, Brian Wieser, Josh Silverman, Silverman Organizations: Alibaba, China Development Forum, Reuters, Facebook, Hasbro, Unified Commerce, Amazon, PDD Holdings, U.S, Mobile, Meta, LSEG, Getty, CNBC, Cyberspace Administration, China, Street Journal, Google Locations: Beijing, China, Ireland, Singapore, UKRAINE, U.S, United States, Wall, Asia, Pacific, Temu, Meta
NEW YORK (AP) — Trevor Noah is ready to face one of the toughest audiences of his career — the millions watching as he once again hosts the Grammy Awards. The telecast — with SZA having a leading nine nominations — will be Noah's fourth consecutive hosting gig for the awards. He said he's looking forward to the live performances, especially ones by nominated artists Burna Boy, Billie Eilish, Dua Lipa and Travis Scott. “I always love seeing artists who have an innate understanding of how different and powerful the live experience is, and I think Burna Boy is one of those artists,” Noah said. Noah says he's enjoying his life post-"The Daily Show," which includes hosting the interview podcast “What Now?
Persons: — Trevor Noah, Noah, Burna Boy, Billie Eilish, Travis Scott, , ” Noah, he's, “ I’m, Wanda Sykes, Chris Rock, Sarah Silverman, Dave Chappelle, “ I’ve, he’s, Chappelle, I’ve, , Jo Koy, ” Harvey Mason Jr, “ There’s, There’s, Mason, Trevor Noah ”, Dwayne “, ” Johnson, Bill Gates, Kerry Washington, Maria C, Sherman, ___ Mark Kennedy Organizations: Associated Press, CBS, Paramount, Crypto.com, SZA, Golden Globes, , Recording Academy, Press Locations: Los Angeles, Dua Lipa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's still the case that if tech goes the market goes, says RBC's Amy Wu SilvermanAmy Wu Silverman, RBC Capital Markets Head of Derivatives Strategy, joins 'Closing Bell: Overtime' to discuss what the options market is saying about earnings.
Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets, Derivatives
Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of his holdings in the streaming giant, according to a regulatory filing, with a current value of more than $1.1 billion. "We don't know what it could be, whether it's a charity or multiple charities," VerityData Vice President Ben Silverman told CNBC. Hastings retains just under three million Netflix shares with a value of around $1.7 billion. Though Hastings remains the executive chairman of Netflix, the company has no obligation to disclose the reason behind the gift or the beneficiary. Netflix shares are up nearly 23% year to date but are still around 16% below their 2021 high.
Persons: Reed Hastings, Hastings, it's, Ben Silverman, VerityData's Silverman, — CNBC's Lora Kolodny Organizations: Netflix, New York Times DealBook, Jazz, Lincoln Center, Bloomberg, CNBC, United Negro College Fund, Hastings, CNBC PRO Locations: New York City
It Generated a Copyrighted Image. image generator, to create an image of Joaquin Phoenix from “The Joker.” In seconds, the system made an image nearly identical to a frame from the 2019 film. Reid Southen Create an image of Joaquin Phoenix Joker movie, 2019, screenshot from a movie, movie scene Midjourney’s response Generated by A.I. Mr. Southen Create an image of Dune movie screencap, 2021, Dune movie trailer Midjourney’s response Generated by A.I. Mr. Southen Create an image of “The Last of Us 2,” Ellie with guitar in front of tree Midjourney’s response Generated by A.I.
Persons: Reid Southen, Midjourney, Joaquin Phoenix, , Southen’s, “ Joaquin Phoenix, Sega’s, Woody, watchdogs, Sarah Silverman, John Grisham, OpenAI, Southen, Keith Kupferschmid, Kupferschmid, Ellie, Gary Marcus, “ Marcus, ChatGPT, SpongeBob, chatbot, Kathryn Conrad, Marcus, Microsoft Bing, Mario, Conrad Organizations: Warner Bros, Marvel, The New York Times, Times, Microsoft, Copyright Alliance, New York University, Viacom, University of Kansas, Nintendo Locations: Michigan, A.I, Italian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtsy CEO on 'Gift Mode': Leverages AI to help find the perfect giftEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.
Persons: Josh Silverman
Watch CNBC's full interview with Etsy CEO Josh Silverman
  + stars: | 2024-01-24 | 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 EmailWatch CNBC's full interview with Etsy CEO Josh SilvermanEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.
Persons: Josh Silverman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe first few weeks of earnings season are important for volatility, says RBC's Amy Wu SilvermanAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses the options market and volatility.
Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets
Roger Lynch, Condé Nast’s chief executive, told senators that current AI models were built using “stolen goods,” with chatbots scraping and displaying news articles from publishers without their permission or compensation. News organizations, Lynch said, seldom have a say in whether their content is used to train AI or is output by the models. To avoid the pilfering of news publishers’ content and, thereby, their coffers, Lynch proposed AI companies use licensed content and compensate publishers for content being used for training and output. Coffey also noted AI models have introduced inaccuracies and produced so-called hallucinations after scraping content from less-than-reputable sources — which runs the risk of misinforming the public or ruining a publication’s reputation. “The risk of low-quality [generative] AI content dominating the internet is amplified by the drastic economic decline of news publications over the past two decades,” Coffey said.
Persons: ChatGPT, Roger Lynch, Condé, Lynch, , they’ve, Sarah Silverman, Margaret Atwood, Dan Brown, Michael Chabon, Jonathan Franzen, George R, Martin, ” Lynch, Danielle Coffey, Coffey, ” Coffey, ” Curtis LeGeyt, ” LeGeyt Organizations: CNN, The New York Times, News Media Alliance, National Association of Broadcasters
Charlie Munger and Warren Buffett, with hand raised, in 2006. Munger persuaded Buffett to focus on buying ‘wonderful businesses at fair prices.’ Photo: David Silverman/Getty ImagesIf you want to invest like Charlie Munger , you’re late to the party. The investor’s genius in spotting what’s become known as the “quality factor”—buying good companies—made a ton of money for him and business partner Warren Buffett . Nearly 50 years on, it might not be such a great time to copy his strategy. For those who missed the late Munger’s brilliance, he’s the one who persuaded the billionaire Buffett to shift Berkshire Hathaway ’s focus from “cigar butt” value stocks—bad companies that no one else wants, and so are cheap—to buying “wonderful businesses at fair prices.”
Persons: Charlie Munger, Warren Buffett, Munger, Buffett, David Silverman, you’re, what’s, , Berkshire Hathaway ’ Organizations: Berkshire
In Silverman’s telling, the filmmaker, Joris Ivens, a Dutchman working in the United States, is already an undercover infiltrator for Soviet interests when the Spanish Civil War breaks out in 1936. Ivens was a real filmmaker, and his movie “The Spanish Earth,” released in 1937, was a real cause célèbre among leftists and artists. The frenemies Ernest Hemingway and John Dos Passos did write the screenplay, as Silverman relates. (He imagines shooting part of the documentary from an ant’s point-of-view, or a raindrop’s.) Nor, for all his faults, was Hemingway (Danny Wolohan) so complete a buffoon, given to shouting such hollow nonsense.
Persons: , Jen Silverman’s “, ” That’s, Joris Ivens, , Rich, Franco, Ivens, Ernest Hemingway, John Dos Passos, Silverman, Andrew Burnap, Hemingway, Danny Wolohan, Dos Passos, Erik Lochtefeld Organizations: Republican, Rich Fascist Locations: Jen Silverman’s “ Spain, United States, Spanish, Spain, Dos
New York CNN —The presidents of Harvard University, MIT and the University of Pennsylvania are scheduled to testify before Congress next week at a hearing on antisemitism on campus, lawmakers announced Tuesday. “College and university presidents have a responsibility to foster and uphold a safe learning environment for their students and staff. Now is not a time for indecision or milquetoast statements.”According to the House committee, the hearing will include testimony from Harvard President Claudine Gay, MIT President Sally Kornbluth and Penn President Liz Magill. “President Gay looks forward to sharing updates and information on the university’s work to support the Harvard community and combat antisemitism,” Harvard spokesperson Jason Newton said in a statement to CNN. Last weekend three Palestinian college students were shot in Burlington, Vermont.
Persons: Virginia Foxx, ” Foxx, Claudine Gay, Sally Kornbluth, Liz Magill, Gay, , Jason Newton, , Magill, Penn, ” Penn, Steve Silverman, Marc Rowan, Dick Wolf, Jon Huntsman, Leon Cooperman, Israel, Nir Barkat Organizations: New, New York CNN, Harvard University, MIT, University of Pennsylvania, Education, Israel, Republican Rep, , “ College, Penn, Harvard, CNN, Columbia, Ivy League, of Education, Cornell University , Columbia Locations: New York, Israel, Burlington , Vermont
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