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☆ Senate Democrats unceremoniously kill Mayorkas impeachment trial
▼ + stars: | 2024-04-17 | by ( Brent D. Griffiths | Bryan Metzger | ) www.businessinsider.com time to read: +5 min

On Wednesday, Senate Democrats voted to declare as unconstitutional both articles of impeachment against Department of Homeland Security Secretary Alejandro Mayorkas — effectively ending the trial. It put a swift end to what had been a monthslong process by House Republicans, championed originally by Rep. Marjorie Taylor Greene of Georgia. Democrats agreed with Schumer's move, effectively rendering the articles moot and the trial over before House Republicans could present their case. Senate Republicans were also unsuccessful in their effort to pressure vulnerable Democrats to back their push for a longer trial. Greene forced her colleagues to vote on moving forward with Mayorkas' impeachment last November.

Persons: —, Alejandro Mayorkas —, Marjorie Taylor Greene, Sen, Lisa Murkowski, Mitt Romney, he's, Chuck Schumer, Schumer's, Schumer, Eric Schmitt, Ted Cruz, Mitch McConnell, Jon Tester, Montana, Mayorkas, Mike Gallagher, Wisconsin —, Joe Biden's, Donald Trump, Greene, Mark Green of Organizations: Service, of Homeland, House Republicans, Business, Senators, Missouri Republican, Republicans, Texas Republican, Senate, GOP, White House, Homeland, Democrats, House Homeland Security, Homeland Security Locations: Marjorie Taylor Greene of Georgia, Alaska, Utah, Missouri, Texas, Wisconsin, Southern, Mark Green of Tennessee

The information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Aspire Card. Here's how I combined rewards credit card points, benefits, and a free night certificate to take a $7,000 trip for less than $350 per person. Both my husband and I have the Hilton Honors American Express Aspire Card from American Express, and we had each gotten a free night certificate with that card. I transferred some American Express Membership Rewards points to British Airways to complete the transaction. The main reason was that our Aspire card came with up to $400 in resort credits a year, meaning our Waldorf charges were ultimately reimbursed.

Persons: you've, that's, Hilton, PlusPoints Organizations: Business, Hilton, Hyatt, Chase, Waldorf, Hilton Honors, American Express, Alaska Airlines, British Airways, Aspire Locations: Maui, Portland , Oregon, Hawaii, Portland, Alaska, West Coast, San Francisco

☆ Stock futures are little changed after S&P 500 posts a fourth losing day: Live updates
▼ + stars: | 2024-04-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures traded near the flatline on Wednesday evening after the S&P 500 and the Nasdaq Composite logged a fourth straight day of losses. Futures tied to the S&P 500 added 0.03%, while Nasdaq 100 futures gained 0.1%. Tech stocks struggled on Wednesday, with the S&P 500 and the Nasdaq Composite registering their fourth consecutive losing session. The Dow, S&P 500 and the Nasdaq have also closed below their respective 50-day moving averages. He said he's watching the 5,150 to 5,200 level of the S&P 500 as key resistance.

Persons: Dow, Jason Hunter, he's Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones Industrial, Vegas Sands, Tech, Nvidia, JPMorgan, Alaska Air Group, Netflix Locations: New York City, U.S, Vegas

☆ Private equity finds its next bet: college admissions
▼ + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.

Persons: New York CNN — It’s, Janet Godwin, “, ” Goodwin, ”, we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, ”, CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, “, Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada

☆ The S&P 500's recent slump feels worse than it is. Here's some market perspective
▼ + stars: | 2024-04-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Sometimes the market just wants to come down even if the bonds are better," Jim Cramer said Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, we're, Abbott, We'll, Cramer, bode, Kinder, homebuilder D.R, Horton, Blackstone, Jim Cramer's, Jim Organizations: CNBC, United Airlines, UnitedHealth, Abbott Labs, Abbott Laboratories, Wall, Nvidia, Arm Holdings, Abercrombie, Fitch, Barclays, Broadcom, HSBC, Biotech, CSX, Alcoa, Alaska Air, Jim Cramer's Charitable Locations: what's

☆ Boeing's fleet of 8 corporate jets spent some 4,500 hours in the sky flying company executives last year, data shows
▼ + stars: | 2024-04-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Boeing's corporate planes collectively flew about 4,500 hours across some 1,800 flights last year, according to data from the aviation-tracking website JetSpy. Jet Edge InternationalThe fleet's top airports include Chicago International Airport, Washington Dulles International Airport, and Boeing Field King County International Airport — all located near Boeing's corporate offices and factories. AdvertisementThe locations of Boeing's corporate fleet on April 12, according to JetSpy data. For instance, JetSpy data shows aerospace company Lockheed Martin collectively flew its five private jets for about 2,700 hours in 2023. AdvertisementBoeing wrote in the filing that its CEO "is required to use company aircraft for all business and personal travel for security reasons."

Persons: —, Dave Calhoun, Calhoun, Brian West, Lockheed Martin, Taylor Swift, Elon Musk, Max, messier Organizations: Service, Business, Boeing Business Jets, Canadian, Bombardier, Challenger, Jet Edge, Chicago International Airport, Washington, International Airport, Boeing Field King County International, Airport, Lebanon Municipal Airport, Wall Street Journal, Boeing, Lockheed, PepsiCo, Costco, Alaska Airlines, Calhoun . Locations: Westchester, New York, Lebanon, New Hampshire, South Carolina, New Canaan , Connecticut, American

☆ Alaska Airlines ground stop lifted, delays ongoing
▼ + stars: | 2024-04-17 | by ( Gregory Wallace | Ross Levitt | ) edition.cnn.com time to read: 1 min

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☆ Senate Dismisses Impeachment Charges Against Mayorkas Without a Trial
▼ + stars: | 2024-04-17 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

The Senate on Wednesday dismissed the impeachment case against Alejandro N. Mayorkas, the homeland security secretary, voting along party lines before his trial got underway to sweep aside two charges accusing him of failing to enforce immigration laws and breaching the public trust. By a vote of 51 to 48, with one senator voting “present,” the Senate ruled that the first charge was unconstitutional because it failed to meet the constitutional bar of a high crime or misdemeanor. Republicans united in opposition except for Senator Lisa Murkowski of Alaska, the lone “present” vote, while Democrats were unanimous in favor. Ms. Murkowski joined her party in voting against dismissal of the second count on the same grounds; it fell along party lines on a 51-to-49 vote. Senator Chuck Schumer, Democrat of New York and the majority leader, moved to dismiss each charge, arguing that a cabinet member cannot be impeached and removed merely for carrying out the policies of the administration he serves.

Persons: Alejandro N, “, Lisa Murkowski, Murkowski, Chuck Schumer Organizations: Wednesday Locations: Alaska, New York

☆ Boeing whistleblower: ‘They are putting out defective airplanes’
▼ + stars: | 2024-04-17 | by ( Chris Isidore | Gregory Wallace | ) edition.cnn.com time to read: +5 min

Washington DC CNN —Boeing’s already battered reputation took another hit at two Senate committee hearings Wednesday on Capitol Hill, with witnesses questioning how the company builds airplanes and the safety of those planes. Boeing did not have any witnesses at either hearing Wednesday, but at a briefing earlier this week it defended the standards used to build planes. Boeing recently said it has searched for records but believes its employees did not document the work. Bill Clark/CQ Roll Call/SipaHe said that since the hearing was announced, his committee has heard from other whistleblowers inside of Boeing. “What I don’t want this committee to do is to scare the you-know-what out of the American public,” he said.

Persons: Washington DC CNN — Boeing’s, Sam Salehpour, he’s, ”, Salehpour, “, don’t, …, Ed Pierson, Max, Democratic Sen, Richard Blumenthal, Bill Clark, ” Blumenthal, Republican Sen, Ron Johnson Organizations: Washington DC CNN, Capitol, Boeing, The Foundation for Aviation Safety, National Transportation Safety, Alaska Airlines, Alaska Air, Democratic, Richard Blumenthal of Connecticut, Senate Homeland Security, Governmental, Republican Locations: Richard Blumenthal of, Dirksen, nonunion South Carolina, Alaska, Wisconsin

☆ Boeing whistleblower said the company threatened him and other engineers to keep quiet about safety concerns
▼ + stars: | 2024-04-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Read previewA veteran Boeing engineer told a panel of lawmakers that he received verbal and physical threats for voicing safety concerns to the company. In a Senate hearing on Wednesday, Sam Salehpour, a veteran Boeing employee turned whistleblower, said the company repeatedly ignored his reports of safety lapses during the production of at least 1,400 widebody airplanes. Salehpour said a Boeing quality manager told him not to document concerns or notify experts of the gaps he said exist on the fuselage of hundreds of Boeing 787 Dreamliners. Salehpour — who said he still has his job thanks to whistleblower-protection laws — told lawmakers that has has also received threats against his physical safety. He told lawmakers that although he has "no proof" of where or who the nail came from, he believes it happened at work.

Persons: —, Sam Salehpour, Salehpour, Salehpour —, Sen, Richard Blumenthal, Drew Angerer, Taylor Rains Organizations: Service, Boeing, Business, Getty, BI, Alaska Airlines, FAA Locations: AFP, Boeing's Washington

☆ Boeing faces scrutiny in Senate hearings over aircraft safety and quality
▼ + stars: | 2024-04-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 's safety and quality were under fire again in two Senate hearings on Wednesday as the manufacturer faces mounting scrutiny after a midair door blowout and near catastrophe on one of its planes in January. A Boeing engineer-turned-whistleblower testified before a Senate panel, reiterating his allegations that the planemaker cut corners to move wide-body planes through the production line, despite flaws. "I believe that Boeing can do better and that the public's trust in Boeing can be restored," he said in prepared remarks to the Senate Homeland Security committee ahead of the hearing "Examining Boeing's Broken Safety Culture: Firsthand Accounts." New plane deliveries from Boeing have slowed as the Federal Aviation Administration ramps up its scrutiny on the company's production lines. A separate hearing, before the Senate Commerce Committee on Wednesday, addressed Boeing's safety culture after a report issued earlier this year from an expert panel ordered by Congress found a "disconnect" between Boeing's senior management and other members of the organization on safety culture.

Persons: Richard Blumenthal, Sam Salehpour, shim, Scott Kirby, CNBC's, Dave Calhoun Organizations: Boeing, Senate Homeland Security, Governmental, Investigations, Senate Homeland, United Airlines, Max, Alaska Airlines, Federal Aviation Administration, Senate, Congress Locations: Washington ,

☆ Pilot union alleges ‘significant spike’ in safety issues on American Airlines flights
▼ + stars: | 2024-04-16 | by ( Pete Muntean | ) edition.cnn.com time to read: +1 min

CNN —The union representing pilots at American Airlines says it is seeing a “significant spike” in safety issues on flights. There were roughly a dozen incidents on United Airlines flights last month alone, according to a CNN analysis, which prompted CEO Scott Kirby to send a safety message to customers. “While United Airlines is currently under public and government scrutiny, it could just as easily be American Airlines,” said the message from the union’s safety committee, urging members to report problems and to resist being rushed or intimidated. “As the last link in the safety chain, our passengers and crew depend on us to be the strongest link in that chain,” the message said. American Airlines insisted in a statement that safety is its top priority, saying that “our robust safety program is guided by our industry-leading safety management system.”“It includes a multitude of collaborative programs — and regular touchpoints — with the FAA and all our unions, including APA, to further bolster our strong safety record and enhance our ever-evolving safety culture,” the company added.

Persons: Scott Kirby, ” Organizations: CNN, American Airlines, Allied Pilots Association, Alaska Airlines Boeing, United Airlines, FAA, APA

☆ Boeing’s problems just cost United $200 million
▼ + stars: | 2024-04-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The company took a $200 million hit in the first quarter after the Boeing 737 Max 9 was grounded following the door plug incident aboard an Alaska Airlines flight. Boeing’s publicity woes and the grounding of the jets weren’t the only way that the airplane manufacturer hurt United. United now says it no longer expects the Boeing 737 Max 10, the latest and longest version of the Boeing 737, to be delivered this year. With questions about the quality and safety of Boeing jets, the certification has likely been pushed back to at least 2025. Of more concern to Boeing, United also said Tuesday that it has reached agreements with two lessors to lease 35 new Airbus A321neos, a 737 Max competitor.

Persons: Max, Scott Kirby, United Organizations: New, New York CNN — United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration, FAA, United, Airbus, Revenue Locations: New York, United

☆ United Airlines slashes 2024 aircraft delivery plan as Boeing crisis leads to delays
▼ + stars: | 2024-04-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Tuesday cut its aircraft-delivery expectations for the year as it grapples with delays from Boeing , the latest airline to face growth challenges because of the plane-maker's safety crisis. "We've adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver," CEO Scott Kirby said in an earnings release. In January, United said it was taking Boeing's not-yet-certified Max 10 out of its fleet plan. The airline said it has converted some Max 10 planes for Max 9s. United is also facing a Federal Aviation Administration safety review, which has prevented some of its planned growth.

Persons: Scott Kirby, United, Boeing's, Max, Max 9s Organizations: Airlines, Boeing, Airbus A321neos, Max, Federal Aviation Administration, CNBC, FAA, Alaska Airlines, United, Revenue Locations: U.S, Newark , New Jersey, Faro, Portugal, Tokyo, Cebu, Philippines, Southwest

☆ Geopolitical strife is roiling Wall Street. Here’s what investors are watching
▼ + stars: | 2024-04-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those what-ifs could further roil gas and oil prices. But if there’s further conflict, he said, “you’d see a much higher premium for oil prices. If there’s a de-escalation of tensions between Israel and Iran, they said, oil prices should come down over the next few weeks. But if there’s an escalation in conflict, they expect that oil prices could jump to more than $100 per barrel, they wrote in a note Monday. Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday.

Persons: New York CNN —, JPMorgan Chase, Jamie Dimon, ” Dimon, Jerome Powell, We’ll, Christine Lagarde, Andrew Bailey, Dave Sekera, Israel doesn’t, ”, “, Moody’s, there’s, Chris Isidore, Pete Muntean, Sam Salehpour, Read, Bryan Mena, Claire Tassin Organizations: CNN Business, Bell, New York CNN, Dow, JPMorgan, International Monetary Fund, IMF, Bank, Bank of Canada, Seven, European Central Bank, Bank of England, Morningstar, Nvidia, AMD, Wall Street Journal, Federal Reserve Bank of New, Boeing, Federal Aviation Administration, Alaska Airlines, Commerce Department, Morning, Amazon Locations: New York, Russia, Ukraine, China, United States, Washington ,, Iran, Israel, Federal Reserve Bank of New York

☆ Interior Said to Reject Industrial Road Through Alaskan Wilderness
▼ + stars: | 2024-04-16 | by ( Lisa Friedman | ) www.nytimes.com time to read: +1 min

The Biden administration is expected to deny permission for a mining company to build a 211-mile industrial road through fragile Alaskan wilderness, handing a victory to environmentalists in an election year when the president wants to underscore his credentials as a climate leader and conservationist. A formal denial of the project would come later this year, they said. The road was essential to reach what is estimated to be a $7.5 billion copper deposit buried under ecologically sensitive land. There are currently no mines in the area and no requests for permits have been filed with the government; the road was a first step. Blocking the industrial road would be an enormous victory for opponents who have argued for years that it would threaten wildlife as well as Alaska Native tribes that rely on hunting and fishing.

Persons: Biden Organizations: Interior Department Locations: Ambler, Alaska

☆ Boeing Defends Safety of 787 Dreamliner After Whistle-Blower’s Claims
▼ + stars: | 2024-04-15 | by ( Mark Walker | Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Boeing sought on Monday to reassure the public of the safety of its 787 Dreamliner plane days before a whistle-blower is scheduled to testify before Congress about his concerns regarding the jet’s structural integrity. The presentation came just under a week after The New York Times reported the allegations by the whistle-blower, Sam Salehpour, who works as a quality engineer at Boeing and is set to testify before a Senate panel on Wednesday. Mr. Salehpour said that sections of the fuselage of the Dreamliner, a wide-body plane that makes extensive use of composite materials, were not properly fastened together and that the plane could suffer structural failure over time as a result. The Federal Aviation Administration is investigating his allegations. Mr. Salehpour’s claims instantly created another public-relations problem for Boeing, which has been facing intense scrutiny over its manufacturing practices after a panel came off a 737 Max during an Alaska Airlines flight in January.

Persons: Sam Salehpour, Salehpour, Salehpour’s Organizations: Boeing, New York Times, Federal Aviation Administration, Alaska Airlines Locations: North Charleston, S.C

☆ Boeing defends its planes’ safety ahead of whistleblower hearing
▼ + stars: | 2024-04-15 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +4 min

New York CNN —Boeing on Monday scrambled to address safety and quality concerns about its planes ahead of a whistleblower hearing in the Senate on Wednesday. Salehpour is set to be the key witness at a Wednesday hearing of the Senate permanent subcommittee on investigations. That has sparked investigations and allegations that some Boeing employees felt reluctant to raise questions about the safety of the planes they are building or inspecting for fear of retaliation. The average 787 does 600 flights a year, according to Chisholm, and the tests Boeing put the planes through simulated 165,000 flights. Boeing and the Federal Aviation Administration have admitted that some of the planes did have problems with the gaps between parts of the fuselages that were wider than the standards set by Boeing.

Persons: Sam Salehpour, Salehpour, —, “ We’re, ”, Lisa Fahl, Steve Chisholm, Chisholm, we’re, Fahl Organizations: New, New York CNN, Boeing, Federal Aviation Administration, Alaska Airlines, Boeing Commercial Airplanes Locations: New York, Alaska

☆ The income everyday Americans earn in every U.S. state—see how your salary measures up
▼ + stars: | 2024-04-14 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The Northeast and Western regions tend to have higher-earning populations compared with the South and some states in the Midwest. Massachusetts tops the rankings with the highest median wage of $60,690 for individual workers, while Mississippi has the lowest median wage in the country at $37,500. In Wyoming, workers have the 26th highest median wage, but the 18th lowest cost of living. Florida, similarly, has the 14th lowest median wage, but is only the 29th cheapest state to live in, according to MERIC. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Organizations: Bureau of Labor Statistics, Rhode, Missouri Economic Research, Information Center, for Community, Economic Research, CNBC Locations: Midwest . Massachusetts, Mississippi, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, Hampshire, Jersey, Mexico, York, Carolina, Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming, . Massachusetts, U.S

USDA's recommended monthly food budget for a family of four has risen 27% since 2020. AdvertisementOn average, across the four food plans, the monthly budget recommendation has risen 27% since the start of 2020. Meanwhile, as of November, grocery prices were up 25.1% since the start of 2020, outpacing the 18.9% increase in overall prices. USDA Food Plan recommended monthly budgets. Andy Kiersz/Business InsiderWith food prices still weighing down consumers, some are becoming more conscious of how much they're spending and where.

Persons: USDA's, Andy Kiersz Organizations: US Department of Agriculture, USDA, USDA Food Locations: Alaska, Hawai'i

☆ Americans are savings less these days. Here’s why and what that means
▼ + stars: | 2024-04-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington CNN —Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. Put together, this may have resulted in “a structurally lower saving rate,” according to the report. What does the lower saving rate of nowadays say about the US consumer? Households are continuing to spend at these elevated rates and one reason is because of the lower saving rate. You’re just not seeing a reversal back to pre-Covid levels, which isn’t shocking when you look back historically to what has happened to the saving rate.

Persons: haven’t, “, Wells, Bell, Shannon Seery Grein, There’s, they’ve, we’ve, Matt Egan, ” Paul Knopp, Read, Goldman Sachs, Charles Schwab, Lorie Logan, Mary Daly, Johnson, Morgan Stanley, Jerome Powell, Loretta Mester, John Williams, Raphael Bostic, Austan Goolsbee Organizations: Washington CNN, Wells, KPMG, CNN, Gallup, T Bank, US Commerce Department, National Association of Home Builders, China’s National Bureau of Statistics, Johnson, Bank of America, PNC, The Bank of New York Mellon, Northern Trust, United Airlines, Federal Reserve, Abbott Laboratories, Discover, Citizens, Cleveland Fed, Taiwan Semiconductor Manufacturing, Netflix, Alaska Air, National Association of Realtors, Fed, US Labor Department, Procter & Gamble, American Express . Chicago Fed Locations: Wells Fargo, United States, Europe, UnitedHealth, Blackstone

☆ AI is threatening Americans’ jobs. Could guaranteed income provide a safety net?
▼ + stars: | 2024-04-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +12 min

That idea of guaranteed income is receiving renewed interest as AI becomes an increasing threat to Americans’ livelihoods. As more Americans’ jobs are increasingly at risk due to the threat of AI, Tubbs and other proponents of guaranteed income say this could be one solution to help provide a safety net and cushion the expected blow AI will have on the labor market. “Then, when we have to deal with that job displacement, we’re better positioned to do so.”Silicon Valley’s infatuation with guaranteed incomeThe idea of a guaranteed income is not new. AFP/Getty ImagesDecades after King’s death, the idea of guaranteed income went on to see a resurgence of support emanating out of Silicon Valley. Other tech industry tycoons, including Twitter co-founder Jack Dorsey, have also thrown immense financial support behind guaranteed income programs.

Persons: CNN — Michael Tubbs, Tubbs, ”, “, ” Michael Tubbs, Nick Otto, ” Tubbs, Nathan Frandino, Let’s, Martin Luther King, Jr, I’m, ” King, King, Elon Musk, Mark Zuckerberg, Sam Altman —, Musk, Rishi Sunak, Zuckerberg, ” Altman, Altman, Sam Altman, Justin Sullivan, Elizabeth Rhodes, Jack Dorsey, Dorsey, Ken Paxton, ” Paxton, overreach, ‘ It’s, ’ Tomas Vargas Jr, Vargas, I’ve, that’s, ” Tomas Vargas Jr, Tomas Vargas Jr, ” Vargas Organizations: CNN, Getty, Global, Monetary Fund, Reuters, Stockton, Civil Rights, Washington DC, Elon, “, UK, Harvard, Facebook, YCombinator, Twitter, UPS Locations: Stockton , California, Silicon Valley, Big, America, Stockton, AFP, San Joaquin, U.S, Washington, Alaska, YCombinator, San Francisco , California, United States, Texas, Harris, Harris County

☆ 3 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-04-13 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.

Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada

☆ Michael Pollan's deliciously simple meal plan to avoid ultra-processed foods — and where it falls short
▼ + stars: | 2024-04-13 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +6 min

"We all make compromises," Pollan told Business Insider ahead of the release of his latest documentary, Food, Inc. 2, out April 12. "We do the best we can, and people pick out the issues they want to deal with, and can deal with." AdvertisementAt home, Pollan tries his best to avoid eating industrial meat, eggs, or any other product from big factory farms. They keep a stash of well-sharpened knives, ready to chop and cook a rainbow of veggies for dinner most nights. The reality is that Pollan does participate in America's industrialized food system.

Persons: Michael Pollan, it's, Pollan, I'd, He's, Joey Hadden, Jon Tester, he's Organizations: New York Times, Food, Inc, Business, Amazon, Taco Bell, Democratic, Food Inc Locations: Alaska, yuba, Moroccan, Berkeley , California, Waterloo , Iowa, Florida, Washington, Montana

☆ Boeing execs were using the company's private jets for personal trips more than we thought
▼ + stars: | 2024-04-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Boeing execs used an additional $545,520 for personal travel expenses in 2021 and 2022. The Wall Street Journal first reported Boeing had improperly classified personal trips on private jets as business travel. AdvertisementBoeing's execs have been using the company's private jets for personal travel — and it's more than we thought. The Wall Street Journal reports Boeing made the revisions after an investigation last year into the use of private jets by its top executives. The revised stats for Boeing's outgoing CEO, Dave Calhoun, amounted to an additional $142,315 in personal travel in 2021 and 2022.

Persons: Boeing execs, —, Dave Calhoun, Brian West, Theodore Colbert, Calhoun Organizations: Boeing, Street Journal, IRS, Service, Top Boeing, Company, SEC, Stanley, Business, Alaska Airlines Locations: Calhoun's, New Hampshire, South Carolina, Chicago, Arlington , VA

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