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☆ A look at US economic data including inflation, jobless claims, and Treasury yields
▼ + stars: | 2024-05-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —US economic data released Thursday was broadly disappointing. And mortgage rates inched higher this week, thrusting the average rate back above the psychological 7% threshold. HousingHousing data released Thursday mostly showed that the market remains tough, especially for first-time buyers. The Fed doesn’t directly set mortgage rates, but its actions, which influence yields, do. There were 219,000 first-time claims filed during the week ended May 25, according to Labor Department data released Thursday.

Persons: ” Oren Klachkin, it’s, Freddie Mac, They’re, ” Lawrence Yun, hasn’t Organizations: Washington CNN, Treasury, Federal, Nationwide, Commerce, Housing, Fed, National Association of Realtors, ” Jobs, Labor Department, Dow, Nasdaq Locations: American

☆ Foot Locker leaves our penalty box as CEO Mary Dillon's revamp plan turns corner
▼ + stars: | 2024-05-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon's turnaround plan is starting to pay off. At its highs of the session Thursday, Foot Locker was up nearly 32% before giving up some of those gains. That counts for something, especially when Foot Locker's stock entered Thursday down nearly 35% since the session before the March disaster. Encouragingly, Dillon told CNBC that Foot Locker and Kids Foot Locker saw positive comp-store sales. Foot Locker Why we own it: We are in Foot Locker for the turnaround.

Persons: Locker, Mary Dillon's, Dillon, Thursday's, Foot, Mary Dillon, Jim Cramer, Encouragingly, comps, Nike, we've, Jim Cramer's, Jim, Xavi Lopez Organizations: LSEG, CNBC, Nike, Holding, JD, Dick's Sporting Goods, Shoppers, Lightrocket, Getty Locations: Oregon, It's, Spain

☆ Gen Zs are spending big to travel this summer — even if it means going into debt
▼ + stars: | 2024-05-30 | by ( Monica Pitrelli | Harriet Akinyi | ) www.cnbc.com time to read: +3 min

Gen Zs are set to make the biggest splash this summer, with surveys showing they are upping their vacation plans and spending more than older travelers. The survey of more than 2,000 Americans showed Gen Zs are planning to travel for longer periods and to take more expensive vacations at higher rates too. But how Gen Zs — often defined as those born between 1997 and 2012 — plan to fund their travels differs from other age groups too. Roeschke also noted that Gen Zs will spend time finding ways to trim travel costs, rather than canceling or postponing their trips. Using debt to finance summer tripsStill, 42% of Gen Zs and 47% of millennials say they plan to use debt to finance their summer trips, according to a survey by the financial services company Bankrate.

Persons: Gen Zs, Gens Z, Zs, millennials, Gen Xers, Zs —, Lindsey Roeschke, Zers, Roeschke, Ted Rossman, Rossman Organizations: Bank of America, CNBC Locations: United Kingdom, India, Germany, China

☆ NBA superstar Jayson Tatum says this advice from Kobe Bryant changed his life: 'How much are you willing to sacrifice?'
▼ + stars: | 2024-05-29 | by ( Nicolas Vega | ) www.cnbc.com time to read: +4 min

For Celtics superstar Jayson Tatum, that strategy has paid off handsomely. Jayson TatumThe third overall pick in the 2017 NBA draft said Bryant's words have "always resonated with me." But as difficult as it might be, Tatum understands that he only has "a small window of your life to be an NBA player." You think you're this super rich young kid and the money will never run out. The best money Jayson Tatum ever spent

Persons: Kobe Bryant, Jayson Tatum, Tatum, that's, I'm, Deuce Organizations: Kobe, Celtics, Boston, Indiana Pacers, CNBC, NBA Locations: Kobe

☆ C3.ai's federal business grew more than 100% year-over-year, says CEO Thomas Siebel
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailC3.ai's federal business grew more than 100% year-over-year, says CEO Thomas SiebelThomas Siebel, C3.ai CEO, joins 'Closing Bell Overtime' to talk quarterly results, its profitability road map, larger AI market trends and more.

Persons: Thomas Siebel Thomas Siebel

☆ Tesla owner says his Cybertruck delivery got bloody and he ended up in the hospital after accidentally cutting his wrist on the EV
▼ + stars: | 2024-05-29 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewA Cybertruck delivery ended up a bit bloody, a Tesla owner wrote in a forum post. The Tesla owner posted on the Cybertruck Owner's Club that he had been anxiously awaiting the arrival of his vehicle. AdvertisementBut they weren't enough to deter the Tesla owner from enjoying his new ride. He still managed to wash off his wrist, wrap it up, and complete delivery, the owner wrote. "I unwrapped my wrist and BOOM - spurts of blood all over the kitchen island…" the owner wrote on the forum.

Persons: —, there's, Tesla, Heck, it's, chuckled Organizations: Service, Business

☆ After a string of safety issues, Boeing is about to release a plan to fix its quality problems
▼ + stars: | 2024-05-29 | by ( Gregory Wallace | ) edition.cnn.com time to read: +5 min

Washington CNN —Boeing is expected to release a plan this week to fix its endless string of safety issues that have been under federal investigation following a midflight fuselage blowout in January. Since then, the FAA and Boeing have met multiple times about the company’s progress and the plan’s scope. FAA Administrator Mike Whitaker said last week he sees the plan as only the “beginning” of a process for Boeing. Boeing later agreed to financial penalties and a deferred prosecution agreement to settle a criminal charge of defrauding US regulators. Its marching orders for the plan include addressing the audit and expert panel findings and explaining how it will integrate safety and quality assurance policies into practice.

Persons: Mike Whitaker, “ It’s, ” Whitaker, Max, Dave Calhoun, David Ryder, Whitaker, AeroSystems, Brian West, “ We’re, we’ll Organizations: Washington CNN, Boeing, Aviation Administration, FAA, ABC, Air Force, Alaska Airlines, Transportation Safety, Department of Justice, CNN, Employees, “ Locations: Portland , Oregon, Wichita , Kansas, Renton , Washington

☆ Archaeologists uncover ‘astonishing’ remains of horses buried 2,000 years ago
▼ + stars: | 2024-05-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Archaeologists in France have uncovered nine “astonishing” graves containing the skeletons of 28 horses that were buried about 2,000 years ago, though their precise cause of death remains a mystery. All these horses were buried at the same time shortly after their deaths, archaeologists said after observing the position of the skeletons and the connections between the bones. That leaves, archaeologists said, the possibilities that these horses were either killed in battle or as part of a ritual sacrifice. The horses may have been killed in battle or sacrificed. If these horses were indeed buried as part of a ritual rather than killed in battle, the sheer number shows the “importance and extent of the sacrifice,” the statement added.

Persons: Julius Caesar, Gaul Organizations: CNN — Archaeologists, French National Institute for Preventive Archaeological Research, Inrap Locations: France, Villedieu

☆ Judge’s Instructions Will Be a Road Map for Jury Weighing Trump’s Fate
▼ + stars: | 2024-05-29 | by ( William K. Rashbaum | Jonah E. Bromwich | ) www.nytimes.com time to read: +1 min

Within about an hour, a Manhattan jury will begin a discussion of historic import: determining whether Donald J. Trump is guilty of 34 felonies. But before the jurors begin to deliberate, the judge, Juan M. Merchan, will deliver legal instructions that will help guide the 12 New Yorkers who will hash out Mr. Trump’s fate. Justice Merchan will describe the legal meaning of the word “intent” and the concept of the presumption of innocence. He will remind the jurors that they pledged to set any biases aside against the former president before they were sworn in, and that Mr. Trump’s decision not to testify cannot be held against him. Then, according to a person with knowledge of the instructions that Justice Merchan plans to deliver, he will explain the 34 charges of falsifying business records that Mr. Trump faces.

Persons: Donald J, Trump, Juan M, Yorkers, Merchan, Trump’s Locations: Manhattan

☆ Teen’s Missing AirPod Leads to Arrest of Driver Accused of Hitting Him
▼ + stars: | 2024-05-29 | by ( Michael Levenson | ) www.nytimes.com time to read: 1 min

Lochlan Nicol, 15, of Jensen Beach, Fla., was biking to a gas station and convenience store near his home to buy ice cream last week when a driver heading in the opposite direction suddenly turned into the station and hit him, he said. It was about 10:30 p.m. on May 22, and Lochlan was hit so hard that his head crashed through the rear passenger-side window, breaking his nose, cheekbone and eye socket, and knocking him unconscious. The driver pulled Lochlan out of the road, left him outside the gas station and then drove away, according to Sheriff William D. Snyder of Martin County. What the driver didn’t know was that he had driven away with a tracking device — the AirPod that Lochlan had been wearing, which had been knocked out of his ear and had lodged under a floor mat inside the car, Sheriff Snyder said.

Persons: Lochlan Nicol, Lochlan, William D, Snyder, Sheriff Snyder Locations: Jensen Beach, Fla, Martin County

Louisville, Kentucky CNN —All charges against Scottie Scheffler have been dismissed less than two weeks after the world No. “Based upon the totality of the evidence, my office cannot move forward in the prosecution of the charges filed against Mr. Scheffler,” County Attorney Mike O’Connell said Wednesday in court. “He’s glad it’s over,” Romines said of Scheffler, who lives in Texas and had permission to miss Wednesday’s hearing. It appears to show an officer read Scheffler his Miranda rights before questioning the golfer about the incident. The officer, Detective Bryan Gillis, stopped Scheffler and attempted to give instructions.

Persons: Scottie Scheffler, Scheffler, Mike O’Connell, “ Mr, Anne Delahanty, –, ”, “, ” Scheffler, Steve Romines, Romines, “ He’s, ” Romines, WLKY, John Mills, Xander Schauffele, Louisville Mayor Craig Greenberg, Miranda, “ LMPD, Scheffler’s, ” Scottie Ellis, Mayor Greenberg, ” Ellis, Valhalla –, Dwight Mitchell, ESPN –, Bryan Gillis, Gillis, Jacquelyn Gwinn, Villaroel, Steve Almasy, Gloria Pazmino, Jill Martin, Jack Bantock, Eric Levenson, Ray Sanchez, Andy Rose Organizations: Kentucky CNN, PGA, Mr, “ Police, Jefferson, CNN, Louisville Metro Police Department, Valhalla Golf, PGA of America, Louisville Mayor, Valhalla Golf Club, ESPN, Louisville Police Locations: Louisville, Kentucky, Jefferson County, ” County, Texas, Louisville , Kentucky, Romines, Jefferson, Valhalla

☆ The double-level airplane seat is back. This time, there’s a first-class version
▼ + stars: | 2024-05-28 | by ( Francesca Street | ) edition.cnn.com time to read: +12 min

He’s spent his twenties – all five years of them so far – perfecting his vision for economy class dual-level seating. At 6 feet 2 inches (1.88 meters), Núñez Vicente was used to cramped airplane journeys in which he struggled for legroom and struggled to sleep. He imagines the Chaise Longue seats in the middle of each cabin, flanked by regular seating on either side. Testing out the conceptHere's the lower level of the business-class/first-class version of the dual-level seat concept. Here's Núñez Vicente demonstrating what it's like to lie flat in the lower level seat.

Persons: Germany CNN —, Alejandro Núñez Vicente, He’s, he’s, Núñez Vicente, ”, “, Francesca, Steve Jobs, Núñez Vicente won’t, Clara Service Soto, – they’re, Recaro, Safran, Longue, Tapis –, Nunez Vicente, Service Soto, It’s, Francesca Street, you’re, Here's Núñez Vicente, you’d, There’s, Clara, CNN “, ” Núñez Vicente, Vicente, he’ll Organizations: CNN, Germany CNN, CNN Travel, Aircraft, CNN Travel exclusives, Service, legroom, Singapore Airlines ’, AIX, Clara Service Locations: Hamburg, Germany, ”, –, Emirates

☆ Dakhla Atlantic Port: How a small, windy city could become a gateway for trade
▼ + stars: | 2024-05-28 | by ( Nell Lewis | ) edition.cnn.com time to read: +4 min

Spanning 1,650 hectares, the complex will include a trade port with an oil terminal, a fishing port and a shipyard. “We’re constructing an ecosystem,” Nisrine Iouzzi, the director of construction for the Dakhla Atlantic Port, tells CNN. Gateway to AfricaThe project is part of Morocco’s national port strategy, which aims to modernize and strengthen port infrastructure by 2030, in order to enhance its role in global supply chains. Video Ad Feedback Dakhla Atlantic Port aims to boost trade across West Africa 02:26 - Source: CNNWith the implementation of Africa’s continental free trade agreement, which aims to create a single market for goods and services, the port could encourage the processing of raw materials within the continent. “Local disputes can make developing port infrastructure and reliable logistics much more challenging,” says Mooney.

Persons: CNN —, Nisrine Iouzzi, “, ”, Mounir Houari, Houari, ” Turloch Mooney, Mooney Organizations: CNN, United, United Arab Emirates, Dakhla’s Regional Investment Center, Port, P Global Market Intelligence Locations: Western Sahara, Morocco, Tangier, Mauritania, West Africa, East, Europe, North America, South America, United Arab, Gateway, Africa, Casablanca, Tanger, Med, Agadir, West, Mali, Chad, Niger, Burkina Faso, Sahara, ”, “

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more
▼ + stars: | 2024-05-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "

Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China

☆ An influx of new residents to GOP-leaning Montana could be the key voting bloc that decides the state's hotly-contested Senate race
▼ + stars: | 2024-05-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

With former President Donald Trump highly likely to win Montana in November, many Republicans believe he'll be able to aid down-ballot candidates like Sheehy. AdvertisementTester, a moderate Democrat, has established a political brand that has defied the state's GOP orientation for nearly 20 years. Greg Gianforte, the Montana legislature passed housing and land-use reform bills that overhauled the construction process — and now permit more housing density. The issue is sure to be a major issue for Tester — as well as the eventual GOP Senate nominee — for a state in transition. National Republicans see Montana as one of their best opportunities to win a "red" seat, especially as many transplants left Democratic-dominated coastal states for a more rustic environment.

Persons: —, Jon Tester, Tim Sheehy, Donald Trump, he'll, Sheehy, it's, Greg Gianforte, Tester Organizations: Service, Senate, GOP, Business, Montana, The New York Times, Census Bureau, GOP Gov, eventual, National Republicans, Democratic, Democrats, Republicans Locations: Montana, California , Oregon, Washington, Bozeman, RVs

☆ This is the word of the summer on Wall Street
▼ + stars: | 2024-05-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Bifurcation is the word of the summer. Or it’s the word of the summer among investors, at least. It’s a word that the market gets hung up on and then all you do is hear that word. But I think that’s nearing an end, and so I would expect a slowdown in consumer spending. I’m not so sure that’s going to happen this time because their balance sheets and cash flows aren’t as strong.

Persons: Bell, Scott Wren, I’ve, We’ve, You’ve, you’ve, they’ve, That’s, hasn’t, you’re, I’m, Elon Musk’s, Elon Musk, Anna Cooban, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok, Laura He, Xi Jinping’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Fed, Elon, Investors, Sequoia Capital, xAI, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise Locations: New York, United States, Wells Fargo, Silicon, Saudi, OpenAI, China, ICBC, Beijing

☆ I've spent 300 hours on road trips across the US. Here are 8 things I always pack for a long-haul drive.
▼ + stars: | 2024-05-28 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Americans are opting for road trips over air travel this summer, according to recent studies. After 300 hours of US road trips, I know exactly what to pack to make your drive easier. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Another recent study by the Vacationer found that 196 million Americans plan to drive to their destinations this summer. When it comes to American road trips, I'm no newbie.

Persons: —, I've Organizations: Service, Advance Auto, Business

☆ Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions
▼ + stars: | 2024-05-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Last week, we explored the question: Can investors with little to no shares still buy Nvidia after these record runs? We aren't saying run out and sell shares right now if you are sitting on huge paper profits. Through the years, Nvidia shares have hit pockets of turbulence. This Nvidia run is being driven by investments into AI infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jensen Huang, Jensen, Jim Cramer, It's, Nvidia —, We've, Eaton, we've, Jim Cramer's, Jim, David Paul Morris Organizations: Nvidia, Devices, Intel, Blackwell, Club, Apple, Broadcom, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: overbought, San Jose , California

☆ Michigan mother dies after pushing her 2-year-old daughter away from out-of-control vehicle at drag race
▼ + stars: | 2024-05-28 | by ( Nic F. Anderson | ) edition.cnn.com time to read: +2 min

CNN —A Michigan mother died after pushing her 2-year-old daughter away from an out-of-control vehicle at a drag racing event on Sunday, police say. Kadie Price, 33, was a spectator at the racing event, which took place at the Silver Lake State Park Sand Dunes in Michigan’s western Oceana County. That vehicle then slammed into Price – seconds after she had pushed her daughter safely out of the way. Silver Lake State Park Sand Dunes is a popular destination for its 450-acre off-road-vehicle area, approximately 80 miles from Grand Rapids. With nearly 2,000 acres of sand dunes along Lake Michigan, the park is the only sand dune riding area east of the Mississippi, according to the Michigan State Natural Resources website.

Persons: Kadie Price, Jeep CJ, Craig Mast, Price, Charlie Price –, Mast, “, ” Mast, Charlie Price’s, Joy Matthews, CNN’s Kaila Nichols, Ryan Bergeron Organizations: CNN, Sunday, Silver Lake, Jeep, Sheriff’s Office, Investigators, Natural Resources Locations: Michigan, Michigan’s, Oceana County, Kent, Grand Rapids, Silver Lake, Lake Michigan, Mississippi

☆ A new Netflix docuseries unravels what it calls a ‘cult’ for TikTok dancers
▼ + stars: | 2024-05-28 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +11 min

CNN —Over two years ago, a 40-minute-long public plea made on Instagram Live rippled across social media. Melanie and Miranda had performed together as the Wilking Sisters, but the family said Derrick had disappeared from their lives. Until then, it’s unlikely that Derrick’s millions of followers would have noticed anything amiss, based on her social media accounts. Melanie Wilking and Miranda Derrick (formerly Wilking) built up a following together on social media platforms including YouTube and TikTok as the Wilking Sisters. They have maintained through social media posts that Miranda's issues with her family are a personal dispute.

Persons: Melanie Wilking, Miranda —, Miranda Derrick —, Melanie, Miranda, Derrick, James Derrick, Ellen DeGeneres, Miranda Derrick, James " BDash, Robert Shinn —, Kevin “ Konkrete ” Davis, BDash, Aubrey Fisher, Kylie Douglas, Davis, Fisher, Douglas, Instagram, Shinn, —, Isaiah Shinn, ”, Hannah, “, Derek Doneen, we’d, Priscylla Lee, Priscylla, Leigh, Melanie Lee, Jessica Acevedo, — Priscylla, Lee, ” BDash, it’s, Robert, Hannah Shinn, James, Matt Winkelmeyer, ” Shinn “, ” Doneen, you’re, God ”, Amy Carlson, Max, God, LHW, Jane Schoenbrun, Caleb Organizations: CNN, YouTube, Netflix, 7M Films, 7M, Internet, Shekinah Church, The Recording, Warner Bros ., Blair, The New York Times Locations: Los Angeles, TikTok, Shekinah, Korean

☆ What we know about the Americans arrested for bringing ammo to Turks and Caicos
▼ + stars: | 2024-05-28 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +9 min

The father of two pleaded guilty to possession of 20 rounds of ammunition, according to the Turks and Caicos government. The Virginia resident was fined $9,000, said Kimo Tynes, director of communications for the Government of the Turks and Caicos Islands in a news statement Tuesday. Tyler Scott Wenrich The Royal Turks and Caicos Islands Police ForceThe Hon. Watson pleaded guilty at a hearing on Tuesday, Tynes, with the communications office of the Government of the Turks and Caicos Islands, confirmed to CNN. Sharitta Shinese GrierSharitta Shinese Grier The Royal Turks and Caicos Islands Police ForceGrier was arrested two weeks ago and is awaiting trial after making bail, according to Tynes.

Persons: Michael Lee Evans, Sharitta Grier, Bryan Hagerich, Ryan Tyler Watson, Tyler Wenrich, Caicos Premier Washington Misick, Dileeni Daniel, Selvaratnam, ”, “, ” Misick, Misick, Bryan Hagerich Hagerich, Hagerich, Johnathan Franks, ” Hagerich, They’ve, Palmer, Matt Freed, ” Tyler Wenrich Wenrich, Kimo, , won’t, Tyler Scott Wenrich, Davidson Baptiste, ” Wenrich, Michael Lee Evans Evans, Oliver Smith, Ryan Tyler Watson Ryan Tyler Watson, Caicos Islands Police Force Watson, Watson, Sharitta Shinese Grier Sharitta Shinese Grier, Caicos Islands Police Force Grier, Tynes, ” Grier, can’t, Grier’s, Oklahoma Republican Sen, Markwayne Mullin, Guy Reschenthaler, “ It’s, ” Reschenthaler, CNN’s Manu Raju, Mullin, it’s “, Akbarzai, Michael Rios, Holly Yan, Fabiana Chaparro, Amanda Musa, AnneClaire Stapleton Organizations: CNN —, Caicos, British Overseas, Transportation Security Administration, Caicos Island Government, Gov, United, Pittsburgh International Airport, CNN, WTAE, Pittsburgh International, America, Government, Turks, Royal, Caicos Islands Police, Caicos Islands Police Force, WFTV, Oklahoma Republican, ABC, Republican, UN, TCI Locations: Caicos, Texas, Florida, Pennsylvania, Oklahoma, Virginia, Bahamas, Caicos Premier, British Overseas Territory, Caicos Island, Turks, United States, Caroline, Pittsburgh, “, Royal Turks, Tynes, Caicos Islands

☆ EV range is making huge strides, but there still aren't enough places to charge.
▼ + stars: | 2024-05-28 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

But despite the vast improvements in battery technology, EV charging still can't hold a candle to the 5-minute stop to fill a gas tank. Related storiesCar companies hoped the public charging infrastructure would improve along with them as they built more range into their vehicles. AdvertisementWhat no one can seem to agree on is who is responsible for building out public charging infrastructure. All these industry efforts have helped to feed an EV charging infrastructure boom in recent years. The Biden Administration has set aside $7.5 billion for charging infrastructure with a vow to add 500,000 EV charging stations by 2030.

Persons: —, Biden Organizations: Service, Business, EV, GM, Pew Research, Department of Energy, Biden Administration, University of Michigan Transportation Research Institute

☆ Road to November election
▼ + stars: | 2024-05-28 | 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 EmailRoad to November electionStef Kight, Axios political reporter, joins ‘Squawk Box’ to discuss her latest reporting on why Trump ally Russel Vought is urging Senate Republicans to delay this year's government funding fight to 2025.

Persons: Stef Kight, Russel Vought Organizations: Trump

☆ China chip industry gets $47.5 billion in new funding
▼ + stars: | 2024-05-27 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Worth $47.5 billion, the fund is being created as the US imposes sweeping restrictions on the export of American chips and chip technology in a bid to throttle Beijing’s ambitions. The latest investment vehicle is the third phase of the China Integrated Circuit Industry Investment Fund. The first phase of the fund was set up in 2014 with 138.7 billion yuan ($19.2 billion). In 2022, the country’s anti-graft watchdog launched a crackdown on the semiconductor industry, investigating some of China’s top figures in state-owned chip companies. Last year, China’s Huawei shocked industry experts by introducing a new smartphone powered by a 7-nanometer processor made by China’s Semiconductor Manufacturing International Corporation (SMIC).

Persons: Xi Jinping’s, Lu Jun, ”, Xi’s, Biden, China’s, Mark Rutte, Xi Organizations: Hong Kong CNN, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise, Ministry of Industry, Information Technology, IC, US, China’s Huawei, China’s Semiconductor Manufacturing International Corporation, Huawei, Dutch Locations: Hong Kong, China, ICBC, Beijing, Netherlands, Japan, United States, ASML

☆ Traveling on Memorial Day? You could be making history
▼ + stars: | 2024-05-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —If you’ve flown this weekend or are hopping on a flight today, it’s likely you’re making history. Passenger traffic at US airports is on pace to make this Memorial Day weekend the busiest on record, according to Transportation Security Administration screening data. 1 screening day in TSA history) and Thursday (2.897 million, No. What’s amounting to be a blockbuster Memorial Day weekend could be a precursor to a chart-busting summer of travel. Five of the top 10 busiest travel days in the TSA’s 22-year history have occurred in the past two weeks alone.

Persons: …, ” Regina Boateng, aren’t Organizations: CNN, Transportation Security Administration, TSA, AAA

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