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☆ Motorsport is trying to reach Net Zero. Could fuels like this, made from air and water, help accelerate the journey?
▼ + stars: | 2024-10-01 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

“I believe all fuels will be made in this way, and we won’t be using fossil fuels anymore at all. Zero continued its foray into motorsport in April, linking up with 2B Autosport to become the first synthetic fuel partner in rally car racing. Zero PetroleumZero could perhaps seek to emulate P1 Fuels, a synthetic fuel firm that is already an established player in the industry. Porsche announced this year that the Porsche Mobil 1 Supercup – a one-make stock car series – would run exclusively on synthetic fuels produced at the Haru Oni plant. In addition, some experts suggest that electric power, a significantly cheaper alternative to synthetic fuels, would be a much more efficient way of decarbonizing the sport than synthetic fuel.

Persons: BloombergNEF, Haru, ”, Paddy Lowe, “, Lowe, Nigel Mansell, Nico Rosberg, Mika Häkkinen, Lewis Hamilton, Peter J Fox, “ petrolhead, “ I’ve, Damon Hill, Zero, Valtteri Bottas, Zhou Guanyu, Lamborghini Miura, Diehard, Jean Todt, Loredana Sangiuliano Organizations: CNN, Zero Petroleum, diesel, Vehicles, NASCAR, CNN Sport, Hydrogen Insight, McLaren, Mercedes, Constructors, Formula One, Sauber, Autosport, British Royal Air Force, Zero, P1, World, Porsche, Porsche Mobil, Aramco, Former International Automobile Federation, FIA, E Locations: Bicester , England, Southern Chile, Bicester, Saudi

☆ These consumer products are most likely to be impacted by the port strike
▼ + stars: | 2024-10-01 | by ( Dominick Reuter | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

US port workers are on strike following the expiration of their labor contract Monday night. The work stoppage at Eastern and Gulf Coast facilities will impact a host of consumer products. AdvertisementUS port workers with the International Longshoremen's Association are on strike following the expiration of their union's contract Monday night. In the latest development of the ongoing labor dispute, the work stoppage at Eastern and Gulf Coast facilities is expected to impact a host of consumer products. Continental Tire, Michelin, and Goodyear are all top importers through East and Gulf Coast ports, Pacula noted.

Persons: —, Margaret Kidd, Brian Pacula, West, Tim Ryan, Pacula, Dali, Francis Scott Key, Hurricane Helene, Michael Yamartino, Chris Butler Organizations: Gulf, Service, International Longshoremen's, Conference Board, University of Houston, Walmart, Wall, Jefferies, Continental Tire, Michelin, Goodyear, Port, National Tree Company Locations: Gulf Coast, West Coast, Central, South America, West Monroe, Florida, Peru, Miami, Asia, East, Europe, Baltimore, Hurricane

☆ Massive port strike could have 'devastating consequences' for consumers, expert says
▼ + stars: | 2024-10-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera | Afp | Getty ImagesU.S. port strike could cause inflationOverall, the U.S. economy has notched steady progress in lowering inflation, but in most cases price increases are only slowing — not falling outright. However, "the port strike could cause renewed goods-side inflation," she said. At the time, goods weren't hitting the shelves as quickly as consumers wanted them, which drove up prices. The U.S. port strikes could have a similar effect, "setting up a scenario reminiscent of the pandemic-era logistics crisis," Saidel-Baker said.

Persons: Giorgio Viera, Lauren Saidel, Baker, Lisa DeNight, Newmark, CNBC's, Amir Mousavian, Mousavian Organizations: Afp, Getty, Bureau of Labor Statistics, ITR, ILA, United States Maritime Alliance, University of New England's College of Business Locations: Miami, Miami , Florida, U.S

☆ Satellite images capture Russia's scramble to shield a key bridge from Ukraine's exploding naval drones and other threats
▼ + stars: | 2024-10-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

New satellite imagery shows how Russia has continued to add defenses to protect the Kerch Bridge. AdvertisementNew satellite imagery shows how Russia has stepped up its efforts to protect a key bridge from Ukrainian attacks, including its exploding naval drones. An overview of barriers near the Kerch Bridge on September 28. The threat has prompted Moscow to add defenses like the ones at the Kerch Bridge to the key ports of Sevastopol and Novorossiysk. A second Pantsir air-defense system on a tower near the Kerch Bridge on September 28.

Persons: —, Brady Africk, Maxar, Vladimir Putin Organizations: Service, Maxar Technologies, Business, Technologies, Fleet, American Enterprise Institute, Ukrainian Navy Locations: Russia, Kerch, Crimean, Crimea, Ukraine, Moscow, Sevastopol, Novorossiysk, Brady, Kyiv

☆ East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade
▼ + stars: | 2024-10-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. Billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen's Association (ILA) began walking off the job after 12:01 a.m. In a video posted to an ILA Instagram account, Daggett addressed union workers at Maher Terminals in Elizabeth, New Jersey. "Helene caused ports to delay openings at the ports of Charleston and Savannah, as well as power losses at intermodal facilities in Savannah, Charleston, and Atlanta," said Wray. Both economists and logistics executives say the impact of the strike depends on how long the work stoppage lasts.

Persons: Kathy Hochul, Harold Daggett, —, Daggett, Shana Wray, Hurricane Helene, Helene, Wray, Adam Kamins, Kamins Organizations: Gulf, International Longshoremen’s Association, United States Maritime Alliance, International Longshoremen's Association, ILA, Port Authority of New, Maher, CNBC, Logistics, Moody's, Federal Reserve Locations: Port, Newark, New York City, East, U.S, East Coast, Gulf Coast, New York, New Jersey, Boston , New York, Philadelphia, Wilmington , North Carolina, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston . New, Maine, Texas, Port Authority of New York, Elizabeth , New Jersey, Hurricane, Savannah , Charleston, Atlanta, Gulf, West Coast

☆ This is how badly the port strike could wreck the US economy
▼ + stars: | 2024-10-01 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

A port workers' strike from Maine to Texas could deliver a major hit to the US economy. AdvertisementA strike involving port workers from Maine to Texas could inflict major damage to the US economy. The affected ports involve about half of the nation's ocean shipping. Analysts at JPMorgan have said the price tag for shutdowns related to the strike could reach $5 billion a day. Given that it's been decades since a major strike unfolded on the East Coast, he said, many companies were also likely caught off guard.

Persons: —, Adam Kamins, Kamins, Mirko Woitzik, Travis Tokar, Tokar, it's Organizations: Service, Moody's, Fed, JPMorgan, Texas Christian University's Neeley School of Business, kiwis Locations: Maine, Texas, Savannah , Georgia, Charleston , South Carolina, Norfolk , Virginia, New York, West Coast, East Coast

☆ Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound caught up in East Coast trade shutdown
▼ + stars: | 2024-10-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

In this article LLYNOVO.B-DK Follow your favorite stocks CREATE FREE ACCOUNTAn Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bills of lading, the digital receipts of freight containers, show that the delivery mechanisms for insulin and weight-loss drugs rely on East Coast ports for incoming trade. "Novo Nordisk and Eli Lilly are both heavily reliant on the Port of Norfolk," said William George, director of Research at ImportGenius, which tracks the customs data. Vials on the Wegovy line at the Novo Nordisk A/S production facilities in Hillerod, Denmark, on Friday, March 8, 2024. Bloomberg | Bloomberg | Getty ImagesAn Eli Lilly spokesperson said it does not discuss the details of its external supplier relationships.

Persons: Eli Lilly, Eli Lilly — Ozempic, William George, George, Dennis Monts Organizations: Bloomberg, Getty, Novo Nordisk, ILA, Nordisk, Research, U.S . Senate, CNBC, Nuco Logistics Locations: New England, Texas, U.S, lading, East Coast, Port of Norfolk, ImportGenius, Norfolk, airfreight, Hillerod, Denmark, Monts

☆ France’s Marine Le Pen and her party go on trial accused of embezzling EU funds
▼ + stars: | 2024-09-30 | by ( Story Associated Press | ) edition.cnn.com time to read: +7 min

Le Pen, whose party has softened its anti-EU stance in recent years, denies wrongdoing and claims the case is politically driven. Le Pen was runner-up to Macron in the 2017 and 2022 presidential elections. This figure corresponds to the 3.7 million euros allegedly defrauded through the scheme, minus the 1 million euros already paid back. At the time, the party was also indebted to a Russian bank for 9.4 million euros, a loan taken out in 2014 for 6 million euros. That was decided by Marine Le Pen and others.

Persons: Marine Le Pen, Le Pen, ”, Le Pen’s, Emmanuel Macron, Pen, Le, Patrick Maisonneuve, Martin Schulz, Schulz, Alexandre Varault, Alain Jocard, Pen’s, Thierry Légier, Jean, Marie, Légier, Marie Le Pen, “ Organizations: Paris AP, National Rally, centrists, French National Assembly, National, Associated Press, Getty, National Front, Socialists Locations: Paris, France, AFP, Russian

☆ I've worked in tech for over 20 years. These 2 career regrets haunt me the most.
▼ + stars: | 2024-09-30 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Bellucci's career spans roles at Lycos, Sony, and Fujitsu, focusing on tech innovation. AdvertisementThis as-told-to essay is based on a conversation with Cristiano Bellucci, a 48-year-old technology vision lead in Munich. I'm the technology vision lead at Fujitsu and the owner of DigitIdeas, a business coaching company. I balance my career at Fujitsu with running a coaching businessI start my day working at Fujitsu on our technology vision. My advice to others to avoid career regrets is to be lighter, take the risk, and try it with a smile.

Persons: Cristiano Bellucci, —, I've, DigitIdeas, could've, you'll, Lauryn Haas Organizations: Fujitsu, Sony, Service, Lycos, Smart, Innovation Circuit, lhaas Locations: Munich, Rome, Italy, Germany, intraprenuers, Brazil, America, San Francisco, Europe

☆ Russia's air defenses can't stop Ukraine from striking deep with its long-range drones, intel says
▼ + stars: | 2024-09-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

Ukraine has used long-range drones to strike multiple ammunition depots inside Russia this month. AdvertisementRussia maintains an extensive air-defense network, but it hasn't been able to stop Ukraine from using its long-range drones to strike deep, according to a new Western intelligence update. Ukraine said its long-range drones managed to bypass Russia's air defenses and strike an ammunition depot in the Volgograd region over the weekend, marking Kyiv's latest attack. Russia's inability to repel long-range Ukrainian attacks is nothing new, though. Kyiv has relied heavily on locally produced drones to wage this campaign because it is restricted from using Western-provided missiles to strike Russian territory.

Persons: —, hasn't Organizations: Service, Institute for Locations: Ukraine, Russia, Moscow, Volgograd, Russian, Tver, Kyiv

☆ China’s astronauts are aiming to land on the moon by 2030. They now have a new spacesuit to do it
▼ + stars: | 2024-09-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China has taken a step forward in its ambitious plan to land astronauts on the moon by 2030 – unveiling the specially designed spacesuit its crew will don for what’s expected to be a landmark mission in the country’s space program. An image of China's new lunar spacesuit as it appeared in a video shared by state media. The agency revealed a protoype of its Artemis III spacesuit prototype, the AxEMU, in 2023. Thanks to its thin exosphere, the moon is an unforgiving place, exposed to both the sun’s rays and the cold of space. “Unlike low-Earth orbit missions, astronauts will be in a harsh natural lunar environment during lunar extravehicular activities.

Persons: Zhai Zhigang, Wang Yaping, Elon Musk, –, China’s, Artemis, Wu Zhiqiang, Wang Chunhui Organizations: Hong Kong CNN, China Manned Space Agency, SpaceX, Federal Aviation Administration, CNN, FAA, NASA, Xinhua, China National Space Administration, China Astronaut Research, Training Center Locations: Hong Kong, China, America, United States, China’s Dunhuang

☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
▼ + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.

Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP

☆ Ukraine's recent strikes on arms depots caused the largest loss of Russian and North Korean ammo in the war: UK intel
▼ + stars: | 2024-09-30 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Ukraine struck three ammunition depots deep inside Russia this month, causing significant damage. According to UK intel, the strikes caused the largest loss of Russian and North Korean ammo in the war. AdvertisementRecent Ukrainian strikes on Russian arms depots caused the largest loss of Russian and North Korean ammunition recorded so far in the Ukraine war, according to British intelligence. "The total tonnage of ammunition destroyed across the three sites represents the largest loss of Russian and North Korean-supplied ammunition during the war," the MOD said. It said that the "major" strikes in close succession showed that Russia is still struggling against Ukrainian drones used in deep-strike operations inside Russia.

Persons: —, ATACMS, Josep Borrell, Joe Biden Organizations: intel, UK Ministry of Defence, Service, UK's Ministry of Defence, MOD, Pentagon, Russian, Republicans, Institute for Locations: Ukraine, Russia, Tver, Krasnodar Krai, Russian, Russia Ukraine

☆ With ports strike imminent on East Coast, Gulf, truckers, rails are scrambling to move billions in cargo before midnight shutdown
▼ + stars: | 2024-09-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

As much as 43% to 49% of total containerized goods entering the U.S are processed through ports on the East Coast and Gulf Coast. Michael Kanko, CEO of ImportGenius, tells CNBC the economic importance of the ports impacted by an ILA strike is profound. Approximately 50,000 ILA union members work at the ports of Boston, New York/New Jersey, Philadelphia, Wilmington, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa, Miami, New Orleans, Mobile, and Houston. UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. East Coast ports in the U.S. are forecast to handle 2.3 million TEU (twenty-foot equivalent units) in October.

Persons: Gary Hershorn, Lading, Alan Baer, Baer, Michael Kanko, Brian Bourke, Pete Buttigieg, Julie Su, Lael Brainard, Biden, We've, Taft, Hartley, Donald Trump, Harold Daggett, let's, Estee Lauder, Steve Lamar Organizations: Port, Port Newark Container, Corbis, CNBC, International Longshoremen's Association, US Maritime Alliance, USA, ILA, U.S ., Seko Logistics, Gulf, Transportation, National Economic, UBS, Maersk, Democrats, Hartley, Business, The U.S . Chamber of Commerce, Biden, ., L'oreal, ABB, Walmart, Walgreens, Disney, Port Authority of, American Apparel & Footwear Association Locations: Port Newark, New York City, Newark , New Jersey, Coast, U.S, ImportGenius, East Coast, Gulf Coast, U.S . East Coast, Maine, Texas, Boston , New York, New Jersey, Philadelphia, Wilmington, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston, The, Port of New York, Port Authority of NY, Virginia, Mitre . East Coast, Port of Virginia

☆ Tesla could have a tough time living up to the hype around its robotaxi event
▼ + stars: | 2024-09-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

The recent hype lifted Tesla's stock into positive territory for the year, and it's now up nearly 5% in 2024. A high-risk, high-reward venture Analysts polled by LSEG have a consensus price target of $210.71 on Tesla shares, implying a decline of 19% from Friday's close. "We believe widescale Tesla robotaxi deployment is unlikely in the coming years," Spak added. Still, the bull case around Tesla's robotaxi ambitions highlights the company's potential to provide cost-effective technology. Morgan Stanley analyst Adam Jonas is a Tesla bull with an overweight rating and a $310 price target — reflecting 19% upside.

Persons: it's, It's, Tesla, CFRA's Garrett Nelson, I've, Nelson, Bernstein, Nikhil Devnani, Joseph Spak, Spak, Tesla's, Elon, Bernstein's Devnani, Goldman Sachs, Mark Delaney, Morgan Stanley, Adam Jonas, Jonas, hasn't, CFRA's Nelson, Nelson's, Morgan Stanley's Jonas Organizations: Investors, Tesla, CNBC, LSEG, UBS, Guggenheim, Vehicle Passenger Service Locations: Los Angeles, U.S, Europe, China, Friday's, United States

Lebanese authorities have said that the devices used in the attacks were Gold Apollo Rugged Pager AR-924 pagers and ICOM IC-V82 walkie-talkies. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18, 2024. Yan Zhao/AFP/Getty ImagesThe chairman and founder of Taiwan-based Gold Apollo, Hsu Ching-kuang, was questioned by Taiwanese prosecutors last Thursday before being released. On its YouTube channel and website, Apollo Systems HK said that it had acquired the “sole distribution rights” to Gold Apollo pager systems. Hsu Ching-kuang (L), head of Taiwanese company Gold Apollo, speaks to the media outside the company's office in New Taipei City on September 18, 2024.

Persons: Budapest CNN — Israel, Yoav Gallant, “, Shin, Israel, Sean Moorhouse, ” Moorhouse, Mohamed Azakir, –, Gold, ICOM, Yan Zhao, Hsu Ching, Hsu, Teresa, Teresa Wu, Wu, Jakub Porzycki, Cristiana, Arcidiacono, ’, DANS, Dimitar Glavchev, Rinson Jose, Jose, Hassan Nasrallah, ” Nasrallah, ”, Hassan Ammar, Volker Türk, Pallabi Munsi, Katie Polglase, Tara John, Eyad Kourdi, Avery Schmitz Organizations: Budapest CNN, Getty, Israel, CNN, British Army, American University of, American University of Beirut Medical Center, Reuters, United Nations, UN Security, UN, International, New York Times, Consulting, Budapest, Gold, Prosecutors, BAC Consulting, Apollo Systems Ltd, Taiwan’s International Trade Administration, Apollo Systems, Apollo Systems HK, YouTube, Apollo, AA, ”, NBC News, Norta Global, Norta, Norwegian Police Security Service, Security, “ Authorities Locations: Beirut, New Taipei City, Budapest, Lebanon, Beirut's, AFP, American University of Beirut, Taiwan, Hungary, Taipei, Taipei City, Hong Kong, United States, Australia, Europe, Bulgaria, Norway, Anadolu, pagers, Sofia, Norwegian, Gaza

☆ As ports strike nears, union warns that companies like Walmart, Ikea and Home Depot will be left with few to no import options
▼ + stars: | 2024-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

These companies are among the leading importers at the 14 major ports that an ILA strike would impact, according to ImportGenius. Out of the 85,000 members, 50,000 would go on strike at the 14 ports that are subject to a master contract that has not been negotiated. Separately, the Port of Montreal union affiliated with the Canadian Union of Public Employees issued a 72-hour notice that its own three-day strike starts on Monday, Sept. 30. Robinson, tells CNBC this strike could exacerbate the U.S. port strike disruption. "We'll shut them down," Daggett said in a recent video message to union members.

Persons: ImportGenius, Peter Sand, James McNamara, Mia Ginter, Robinson, Ginter, Harold Daggett, Daggett, William George, Biden, Taft, Hartley, USMX, McNamara, Maersk Organizations: International Longshoremen's Association, LG Electronics, Walmart, Ikea, Samsung, ILA, Cruise, Brothers, Port, Canadian Union of Public Employees, CNBC, U.S, Home Depot, Hyundai, General Motors, Dollar, . Tire, Michelin, Goodyear, Continental Tire, Glovis, Samsung Electronics, IKEA, US Maritime Alliance, NLRB, Reuters, Biden, Georgia Ports Authority, U.S ., Gulf, Mitre Locations: East Coast, Gulf Coast, Canada, West Coast, West, Coast, Great Lakes, Montreal, C.H, Port of Montreal, of Los Angeles, Lading, New York, New Jersey, Baltimore, Savannah, Houston , North Carolina, South Carolina, Virginia, New Orleans, Glovis America, In Savannah, Georgia, South, America, Newark, Maine, Texas, Boston , New York, Philadelphia, Wilmington, Norfolk, Charleston, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston, Gulf, NY, NJ, U.S . East Coast, Port of New York

☆ I left Goldman Sachs to plan weddings for the ultra-rich. I do 4 key things to keep my clients — and their families — happy.
▼ + stars: | 2024-09-27 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +6 min

Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. I spent a decade at Goldman Sachs, working in Singapore and Hong Kong managing key relationships by flying to a different Chinese city each day. English wasn't his first language, so he misunderstood and thought I was starting a wedding planning business. He immediately asked me to help plan his son's wedding, insisting I take a look since I knew the family well. Many of our elder clients want to see their grandchildren uphold customs they cherish, like family crests and cultural elements.

Persons: Chew, Chew doesn't, —, Lelian Chew, Goldman Sachs, I, Lelian, it's Organizations: Service Locations: Singapore, Hong Kong, Indonesia, Maldives

The logistics of having to haul all the stuff three kids need felt like an impossible task with just two parents. AdvertisementI hated traveling with strollersMy kids are only two years apart, so we've always traveled with a stroller. The JetKids ride-on suitcase allows you to drag your kid around the airport with ease. Kids sit on the little suitcase and hold on to a strap, and the parent has a long strap to pull it. AdvertisementI tried it while traveling with my twins aloneRecently I traveled with my twins by myself for the first time.

Persons: —, I'm, strollers, we've, you've, We've Organizations: Service, Business, Passengers, Facebook Locations: Argentina, Miami

☆ Why China would want to launch an intercontinental ballistic missile out into the Pacific
▼ + stars: | 2024-09-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

China test-fired an ICBM this week, launching it into the Pacific Ocean for the first time in over 40 years. Though it was anything but, China's Ministry of Defense said the test launch was "routine." China's intercontinental ballistic missile test on Wednesday was its first in the Pacific in over 40 years. China's ICBM test comes less than a week before the 75th anniversary of the founding of the People's Republic of China. Xinhua/Lin Yiguang via Getty ImagesThe publicly announced ICBM launch comes as PLARF expands its nuclear arsenal and builds up its missile capabilities.

Persons: —, could've, Xu, Decker Eveleth, Tianran, Eveleth, Lin Yiguang, PLARF, Captain Ryan DeBooy Organizations: Service, Army's, Force, China's Ministry of Defense, China People's Liberation Army News, Communication Center, Open Nuclear Network, Business, Center for Naval, Getty, Department of Defense, Pentagon, US, Chinese Foreign Ministry Locations: China, Hainan, South, Pacific, Communication Center China, People's Republic of China, Xinhua, Japan, Guam, Russia, Philippines, Taiwan, Beijing, Taiwan Strait

☆ DoorDash is trying a new way of making deliveries — and it doesn't involve gig workers
▼ + stars: | 2024-09-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

The delivery service is working with at least two local delivery providers, one in Austin, Texas, and another in Fresno, California, through its Local Commerce Service Partner Program. That's a big change from the gig workers that DoorDash and other delivery services have largely built their businesses on. Uber, Lyft, Instacart, and other delivery companies have also relied on gig workers to build their businesses, leading millions of people in the US into the gig economy. Gig workers lack many of the benefits and legal protections that employees get. The amount delivery services pay gig workers has been going up in some cities, too.

Persons: —, DoorDash Organizations: Service, Local Commerce, Business, Fresno Logistics, UC Berkeley Locations: Austin , Texas, Fresno , California, Fresno, Fresno , CA, Austin, New York City, Seattle

☆ Inside the strain challenging the US Secret Service
▼ + stars: | 2024-09-25 | by ( Betsy Klein | Jamie Gangel | ) edition.cnn.com time to read: +12 min

While the reputation of the US Secret Service is one of precision, vigilance and security, the reality is more complicated – a high-stress, high-intensity workplace beset by management and logistical issues. (The Secret Service is mandated to protect all foreign heads of state while they are on US soil). “Following the events of July 13, the U.S. Secret Service enhanced our protective model for protectees. According to the Secret Service official, the agency’s attrition rate was 10.26% in fiscal year 2022, 8.78% in 2023, and 8.85% for fiscal year 2024 so far. A USSS spokesman disputed any reports of tension between Secret Service and the Bidens.

Persons: Donald Trump, Butler, ”, Joe Biden, protectee, USSS, Kamala Harris, Sen, JD Vance, Tim Walz, That’s, ” Anthony Guglielmi, ” Guglielmi, ” Biden, “ They’re, Ronald Rowe, Kimberly Cheatle, “ You’re, Rowe, nodded, Jonathan Wackrow, Trump, Wackrow, Biden, ’, “, Trump’s Butler, CNN’s Whitney Wild Organizations: CNN, Service, Secret Service, San Francisco, Trump, Gov, United Nations General Assembly, Democratic, Republican, Secret, Places, Federal Government, Public Service, Boston Consulting, Washington Post Locations: Butler , Pennsylvania, Florida, San Francisco, Asia, Pacific, San, New York, U.S, Cheatle

SHENZHEN, China — Chinese vendor Yin Xinwei sometimes makes close to $1,400 a day selling low-priced pill boxes, barbecue spits and other items to U.S. online consumers. Each year hundreds of millions of packages, mostly from Chinese platforms, are sent directly to American consumers eager to take advantage of rock-bottom prices on clothing, electronics and other products. That could mean painful times ahead for the Chinese sellers that supply the platforms — and higher prices for American consumers. Chinese state media has criticized the proposal as protectionist and say it will hurt American consumers. Yin used to sell to Chinese consumers but has given up his domestic business to focus entirely on the overseas market.

Persons: Yin, ”, ” Yin, David Townsend, Dorsey, Trump, Biden, ” Townsend, Temu, “, Jacky Lu, Shein, Eunice Yoon, Jennifer Jett Organizations: CNBC, Whitney, PDD Holdings, White, U.S . Customs, U.S Locations: SHENZHEN, China, Shenzhen, United States, U.S, Singapore, Boston, Hong Kong, Europe, “

☆ Meet the Latin American e-commerce platform that's outperforming Amazon this year
▼ + stars: | 2024-09-24 | by ( Kate Rooney | ) www.cnbc.com time to read: +4 min

One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. "There was no venture capital for Latin America. Last year, venture-backed companies in Latin America raised $3.3 billion across nearly 1,000 deals, according to PitchBook. E-commerce and online payments are steadily growing, and Latin America has a young, mobile-savvy population of more than 600 million people. "When you look at the penetration of e-commerce in Latin America, it's still quite low compared to the U.S., Europe or Asia," Galperin told CNBC.

Persons: Marcos Gaplerin, Brad Gerstner, Gerstner, CNBC's Scott Wapner, Goldman Sachs, It's, Buenos Aires Galperin, Galperin, MercadoLibre, We've, it's Organizations: Nasdaq, Wall Street, Stanford Graduate School of Business, CNBC, Stanford, eBay Locations: Delaware, Brazil, Argentina, Mexico, Chile, South America, Mercado Pago, Buenos Aires, Palo Alto , California, California, America, Silicon Valley, New York, Sand, West, Latin America, U.S, Europe, Asia

☆ Families from Tennessee to California seek humanitarian parole for adopted children in Haiti
▼ + stars: | 2024-09-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +9 min

Reed’s is one of 55 families from Tennessee to California asking the U.S. government for humanitarian parole for some 70 children they’re adopting. But a State Department spokesperson told The Associated Press that other Haitian authorities overseeing the adoption process do not agree. Sherrod Brown, Marco Rubio and Rick Scott, who have written the U.S. State Department and the Department of Homeland Security on their behalf. Gangs forced the children to relocate to southwest Haiti, where their family is running low on food and other basic supplies. “We are not looking to bypass any part of the adoption process.

Persons: Esai Reed, Esai’s, Esai, hasn’t, ”, Michelle Reed, Haiti’s, Reed, Emmerson, “, ” Stéphane Vincent, adoptees ”, Sherrod Brown, Marco Rubio, Rick Scott, William O’Neill, Diane Kunz, ” Reed, Michelle, ” Michelle, they’re, Angela, —, “ It’s Organizations: JUAN, Puerto Rico —, U.S, State Department, Haitian Central, Department, Associated Press, Immigration, U.S . Department of Homeland Security, . Citizenship, Immigration Services, Sens, . State Department, Department of Homeland Security, Kenyan, New, Adoption Locations: Puerto Rico, Haiti, U.S, Caribbean, Florida, Tennessee, California, Port, Haitian, New York, ”, “

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