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The Federal Aviation Administration is investigating claims made by a Boeing engineer who says that sections of the fuselage of the 787 Dreamliner are improperly fastened together and could break apart mid-flight after thousands of trips. The engineer, Sam Salehpour, who worked on the plane, detailed his allegations in interviews with The New York Times and in documents sent to the F.A.A. A spokesman for the agency confirmed that it was investigating the allegations but declined to comment on them. The fuselages for the plane come in several pieces, all from different manufacturers, and they are not exactly the same shape where they fit together, he said. Boeing concedes those manufacturing changes were made, but a spokesman for the company, Paul Lewis, said there was “no impact on durability or safe longevity of the airframe.”
Persons: Sam Salehpour, Salehpour, Paul Lewis Organizations: Federal Aviation Administration, Boeing, New York Times
General Motors' Cruise self-driving vehicle unit will redeploy cars on U.S. roadways for the first time since October, beginning with a small fleet of human-driven vehicles in Phoenix, the company said Tuesday. Cruise said its "goal is to resume driverless operations," however it did not provide a timeline for doing so. The probe also investigated allegations of a coverup by Cruise leadership, but did not find any evidence to support those claims. Prior to the accident, Cruise was planning an aggressive expansion of robotaxis outside its home market, where the majority of its vehicles operated. In addition to the ceasing of operations, Cruise leadership has been gutted: Its cofounders, including CEO and cofounder Kyle Vogt, resigned and nine other leaders were ousted.
Persons: Cruise, We've, Kyle Vogt Organizations: Motors, GM, Cruise, California DMV, California Public Utilities Commission, Traffic Safety Administration, U.S . Department of Justice, U.S . Securities, Exchange Commission Locations: Phoenix, San Francisco, California
On Jan. 9, TikToker Brittany Pietsch posted a video of her layoff from tech company Cloudflare. The video went viral, with various outlets weighing in both on how the company handled the layoff and Pietsch's choice to post it at all. "I documented my layoff because at that point I was already very active on TikTok," she tells Make It. "I think that this is insanely risky for future job prospects," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. You could still make a measured, professional post in that moment, but it would be just as easy to get emotional.
Persons: Brittany Pietsch, She's, Joni Bonnemort, Bonnemort, It's, Nolan Church, Phoebe Gavin, Gavin, they're Organizations: Google Locations: Utah
"We are reinstating coverage of AVGO with a buy rating and a new price target of $1,500." "We are upgrading Take-Two from Neutral to Buy and raising our target price from $170 to $200." KeyBanc reiterates Nvidia as overweight Key raised its price target on the stock to $1,200 per share from $1,100. Oppenheimer reiterates Alphabet as outperform Oppenheimer raised its price target on the stock to $185 per share from $172. "We resume coverage after a period of Rating Suspended with a Buy/High Risk (1H) rating and target price of $11."
Persons: Morgan Stanley, Jefferies, Piper Sandler, Piper, selloff, Goldman Sachs, Goldman, Bernstein, Tesla, underperform Bernstein, Wolfe, Eaton, underperform, ETN, Needham, it's, KeyBanc, Oppenheimer, Chipotle, Stefan Larsson, Zac Coughlin, Investor Relations Sheryl Freeman, Evercore, Cantor Fitzgerald, Cantor, Nvidia, Huntington, BTIG, Truist, Melius, Dell Organizations: Norfolk Southern, CP, NSC, JPMorgan, GE, Deutsche Bank reinstates Broadcom, Deutsche, Tesla, Citi, Netflix, AMD, ARM, Meta, Google, NASDAQ, Investor Relations, Disney, Susquehanna, Nvidia, Bank of America, of America, U.S, TAM, Dell, Apple Locations: FSLY, F1Q
Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.
Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China
The biggest red flag hiring managers look for in job candidates is an AI-generated resume, according to new research from Resume Genius, which surveyed 625 hiring managers across the U.S. Other resume faux pas include poor formatting and typos. Here are the three biggest resume red flags that could cost you a job offer, and how to avoid them, according to a hiring expert:AI-generated resumesMore than half (53%) of hiring managers say they have reservations about resumes that include AI-generated content, with 20% calling it a "critical issue" that might prevent them from hiring someone. DON'T MISS: The ultimate guide to acing your interview and landing your dream jobFrequent job-hoppingSimilarly, resumes showing a pattern of frequent job-hopping make 50% of hiring managers hesitant to move forward with a candidate, Resume Genius found. This red flag is trickier to avoid: If you've switched jobs a lot, you can't lie about your employment history. Plus, hiring managers have different definitions of what constitutes excessive job-hopping.
Persons: Michelle Reisdorf, Robert Half, didn't, Reisdorf, it's, you've Organizations: U.S
President Biden is discovering that passing one of the most ambitious legislative agendas in recent American history may have been the easy part. Confronting low approval ratings and a neck-and-neck race against former President Donald J. Trump, Mr. Biden is now racing to tell voters about his accomplishments, in ways big and small. Mr. Biden has affixed his name to emails telling Americans with student debt that their loans were being forgiven. Democrats traditionally have been “the party of the abstract, and we need to be the party that humanizes things,” said Gov. Phil Murphy of New Jersey, a Biden ally who believes the president has the skill set to do just that.
Persons: Biden, Donald J, Trump, , Phil Murphy, , , Organizations: Mr Locations: New Jersey
Here are some tips on how to land your next role after being laid off. "Going through a layoff is a very emotional experience," says LinkedIn career expert Pooja Chhabria. Here are five tips she gives on how to land your next role:Invest in communityBeing laid off is bound to come with new challenges. Chhabria suggests emphasizing your skills when updating your resume and online professional profiles. Preparing your answer by talking about your experience and connecting it back to why it's valuable to the position and tasks at hand, Chhabria suggests.
Persons: Pooja Chhabria, Chhabria Organizations: Getty, Companies, Microsoft, CNBC Locations: Singapore
About one-third of hiring managers in a survey admitted bias against Gen Zers or older candidates. That's because, according to a survey from Resume Builder, 36% of hiring managers said they were biased against Gen Z candidates. So why are some hiring managers not down with younger or older workers? Among the hiring managers who admitted to bias against Gen Z job seekers, more than three-quarters cited younger workers' lack of experience. Nearly two-thirds were worried older candidates would experience health problems, and almost half of all hiring managers identified worries that older workers didn't have sufficient experience with technology.
Persons: Gen Zers, , Gen, Ageism, Stacie Haller, Haller, Zers, Barbara Corcoran, Gen Z, Nobody Organizations: Service, Facebook, Employment Opportunity Commission
About one-third of hiring managers in a survey admitted bias against Gen Zers or older candidates. That's because, according to a survey from Resume Builder, 36% of hiring managers said they were biased against Gen Z candidates. So why are some hiring managers not down with younger or older workers? Among the hiring managers who admitted to bias against Gen Z job seekers, more than three-quarters cited younger workers' lack of experience. Nearly two-thirds were worried older candidates would experience health problems, and almost half of all hiring managers identified worries that older workers didn't have sufficient experience with technology.
Persons: Gen Zers, , Gen, Ageism, Stacie Haller, Haller, Zers, Barbara Corcoran, Gen Z, Nobody Organizations: Service, Facebook, Employment Opportunity Commission
Live updates: 7.4 magnitude quake hits Taiwan
  + stars: | 2024-04-04 | by ( Chris Lau | ) edition.cnn.com   time to read: +1 min
The world’s biggest chipmaker is working to resume operations following the massive earthquake that struck Taiwan Wednesday — a welcome sign for makers of products ranging from iPhones and computers to cars and washing machines that rely on advanced semiconductors. A 7.4 magnitude earthquake struck the island’s east coast Wednesday morning, the strongest in 25 years, killing nine and causing landslides and collapsed structures. Taiwan Semiconductor Manufacturing Company, the leading chipmaker also known as TSMC, operates largely on the opposite side of the island, although the company said its facilities did experience some shaking. TSMC temporarily evacuated some manufacturing plants following the quake but said later Wednesday that staff were safe and had returned to their workplaces. However, there is no damage to our critical tools,” TSMC said in a statement late Wednesday.
Persons: chipmaker, TSMC, ” TSMC Organizations: Taiwan Semiconductor Manufacturing Company Locations: Taiwan
WCK and Anera, another aid group, have said they will pause operations in Gaza following the incident. Israel maintains there is no limit on the amount of food or humanitarian aid that can enter Gaza, but aid agencies accuse it of deliberately restricting deliveries. Shortly afterwards, American Near East Refugee Aid (Anera), an NGO that delivers aid to the West Bank, the Gaza Strip, Lebanon and Jordan, also suspended its Gaza operations. Along with Turkey, the UAE is the biggest donor of aid to Gaza, according to COGAT, providing 25% of all aid from foreign nations. The fate of the extra aid WCK had planned for Gaza is also uncertain.
Persons: , ” WCK, Jose Andres, Israel, Benjamin Netanyahu, , Juliette Touma, Ismael Abu Dayyah, WCK, Touma, Ghassan, ” Abu, Sittah, CNN’s Eleni Giokos, Anera, Barak Ravid, Nikos Christodoulides, Jamie McGoldrick Organizations: CNN, United Arab Emirates, Integrated, UN’s, Works Agency for Palestine Refugees, Israel, UN, WCK, Reuters, Wednesday, UNRWA, Israel’s, CARE, ICRC, United Nations, Israel Defense Forces, East Refugee, West Bank, Touma, UN agency’s Locations: Gaza, Cyprus, Israel, UAE, , East, Gaza’s, Deir al Balah, Cypriot, Larnaca, Territories, Egypt, Jordan, British, Palestinian, Gazan, Deir, American, Lebanon, Axois, Turkey, The Gulf, UNRWA, Palestinian Territory
A company poached Amanda Nielsen from her job, then let her go 60 days later. A manager from another company in the same industry reached out and made me a job offer I could not refuse. One thing that had changed since my last job search four years earlier was the pandemic and the rise of remote work. I joked that my calendar was just as full during my job search as when I was working full-time. I also continued to post content about my job search journey, which can feel embarrassing and uncomfortable, but it helped people learn that I was still on the market.
Persons: Amanda Nielsen, Nielsen, Organizations: LinkedIn, Service Locations: Denver
Kate Shindle, who has served as president of Actors’ Equity Association for nine years, is stepping down after a tenure dominated by the coronavirus pandemic that for a time idled all of the labor union’s members. Shindle, 47, said she expected to remain active in the labor movement, but that she was eager to resume working as an actor. The Equity presidency, leading a union that represents more than 51,000 theater actors and stage managers nationwide, is an unpaid, volunteer position. Because of the time required to manage the crises facing the union’s members, Shindle has worked so little as an actor that she hasn’t even qualified for her own union’s health insurance coverage. I’ve never been one who wanted to stay until the members threw me out.”
Persons: Kate Shindle, Shindle, hasn’t, Charlotte St, Martin, ” Shindle, “ We’ve, I’ve, Organizations: ’ Equity Association, Equity, Broadway League Locations: Charlotte
A company poached Amanda Nielsen from her job and then let her go 60 days later. I survived the cut, but a lot of my team was let go, and the job didn't feel the same. A manager from another company in the same industry reached out and made me a job offer I could not refuse. Even though I was open-minded about roles and had a solid résumé and network, I struggled with my job hunt. I joked that my calendar was just as full during my job search as when I was working full time.
Persons: Amanda Nielsen, Nielsen, Organizations: LinkedIn, Service Locations: Denver
Mortgage rates didn't move much last week, and for the second week in a row, neither did mortgage demand. Total mortgage application volume last week was essentially flat, dropping 0.6% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Elevated mortgage rates continued to weigh down on homebuying. Purchase applications were unchanged overall, although FHA purchases did pick up slightly over the week," noted Joel Kan, an MBA economist. Mortgage rates bounced higher to start this week, after new economic data on manufacturing came in higher than expected and noted higher prices.
Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: homebuying
China will grow at double the US rate in coming years, Nicholas R. Lardy wrote for Foreign Affairs. China's nominal GDP will surpass the US's in a decade as the yuan appreciates, Lardy said. In that case, China's GDP outpaced the US, with each country expanding 5.2% and 2.5%, respectively. That depressed China's yuan, eroding the value of its GDP when measured in dollars. "When real estate is excluded, private investment rose by almost ten percent in 2023. "
Persons: Nicholas R, Lardy, , it's Organizations: Foreign Affairs, Service, Peterson Institute Locations: China, United States, Washington
A powerful earthquake in Taiwan forced chip maker TSMC to suspend operations at some sites. That could mean production delays for companies like Apple, which relies on its chips. Worst-case scenario, disruptions to TSMC could mean production delays for its existing products and a later rollout of its new devices. AdvertisementApple and Nvidia didn't immediately return to requests for comment from Business Insider when asked how TSMC's production disruptions would impact their businesses. Analysts say halting production could also damage some of TSMC's most advanced chips, which require maintenance around the clock, further exacerbating production delays.
Persons: , TSMC, Chris Miller, Nvidia didn't, Bum, Brian Tan, Miller Organizations: Apple, Bloomberg, Service, Taiwan Semiconductor Manufacturing, Nvidia, The New York Times, Business, Citi Group Locations: Taiwan, Hsinchu, United States
The 7.2-magnitude earthquake shows the vulnerability of TSMC, the world's top chipmaker, to natural or geopolitical events. AdvertisementTaiwan experienced its worst earthquake in 25 years on Wednesday morning, disrupting the operations of companies including Taiwan Semiconductor Manufacturing, or TSMC. It's the world's largest chipmaker and is, by some estimates, the producer of 90% of the world's most advanced processor chips. Overall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecast. April 3, 6:41 p.m. SGT: An earlier version of this story misstated the magnitude of the earthquake that struck Taiwan.
Persons: , TSMC Organizations: Taiwan Semiconductor Manufacturing, Service, Bloomberg, — Bloomberg, Taiwan Stock Exchange Locations: Arizona, Japan, Germany, Taiwan, Hsinchu, Beijing, Washington, China
Chipmakers and governments, including the US government, have in recent years invested billions in efforts to diversify chip production, but many experts worry that process is not happening fast enough. TSMC produces an estimated 90% of the world’s most advanced semiconductor chips, which power countless devices people rely on daily. Still, even an hours-long shutdown of certain chip production could take weeks to recover from. The race to diversify chipmakingWednesday’s earthquake will likely only add pressure to efforts underway for years to grow chipmaking capacity outside of Taiwan. Experts say it’s a sign that the diversification of the chip supply chain is not moving quickly enough to account for the risks of remaining concentrated in Taiwan.
Persons: chipmaker, TSMC, ” TSMC, , David Bader, ” Bader, facilites, wasn’t, Joe Unsworth, Foxconn —, Angelo Zino, Joe Biden Organizations: New, New York CNN, Taiwan Semiconductor Manufacturing Company, Apple, Qualcomm, Nvidia, AMD, Institute for Data Science, New Jersey Institute of Technology, Barclays, Tech, United Microelectronics Corporation, Micron Locations: New York, Taiwan, chipmaking, China, United, Japan, Germany, United States, Arizona
Instead, it's about how well you can prioritize your commitments, deadlines, projects and work, says Juliette Han, a Harvard-trained neuroscientist and adjunct professor at Columbia Business School. If you want a second opinion on your job audit, Han suggests consulting either a colleague or your manager. "Tell them you're evaluating your current workload to maximize your productivity and focus on some bigger goals," she says. For example: You might be less responsive to emails, but if you're using that free time on deep-focus work, you're probably turning in better-quality work. "Thinking through all the components of your workload and how these help — or hurt — your career development is super important," Han stresses.
Persons: Juliette Han, It's, Han Organizations: Harvard, Columbia Business School, Harvard Medical School
NEW YORK (AP) — The IRS says it's making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit. The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee — even if they didn't qualify. An ongoing program that lets small businesses withdraw unprocessed claims has led to 1,800 businesses withdrawing $251 million worth of claims. “We remain deeply concerned about widespread abuse involving these claims that have harmed small businesses,” said IRS Commissioner Danny Werfel.
Persons: , , Danny Werfel Organizations: IRS, ERC
President Joe Biden spoke with Chinese President Xi Jinping on the phone Tuesday, a call the White House described as a way for the two leaders to "check in" and responsibly manage the strained U.S.-China relationship. During the call with Xi, the first such phone meeting since July 2022, Biden raised a host of U.S. concerns, according to a White House readout of the call. Specifically, Biden confronted Xi on China's "unfair trade policies and non-market economic practices," the White House said. The last time Biden and Xi met in person was in November, on the sidelines of a summit in Woodside, California. "To take it back to that meeting last November, both President Biden and President Xi agreed that they would try to pick up the phone a bit more," the senior administration official said.
Persons: Joe Biden, Xi Jinping, Xi, Biden, Janet Yellen, Antony Blinken, Yellen Organizations: White, U.S ., Russia, U.S, Treasury, Treasury Department, Trump Locations: U.S, China, Taiwan, Ukraine, November's, Woodside , California, Guangzhou, Beijing, United States, Washington
The decision, Tan told BI, came to him after his aunt died. Tan told BI that he left the SAF without any job offers and had to rely on his savings while job hunting. But contextualizing the skills they'd picked up in the military and maintaining their resilience, the veterans told BI, was their key to success. I got to interact with new soldiers and helped to make their training more interesting," Tan told BI. Tan told BI that he spent six months taking courses before he landed his first full-time role in the private sector.
Persons: , Tan, who'd, Tan wasn't, they'd, Jiahui Ong, Ong, Kwong Weng Yap, Yap, Jianhui Tan, Euromonitor, you'll, Adrian Choo, Choo Organizations: Service, Singapore Armed Forces, SAF, BI, Business, DBS Bank, DBS, Navy Locations: Australia
But his career and trajectory have always been defined by global experience, exposure and a passion for embracing other cultures and cuisines. Back in 2006, Australian Chef Shane Osborn of Hong Kong’s acclaimed Arcane hired Calvert to work at his two Michelin-starred Pied à Terre restaurant in London. The culinary Holy Grail of Paris followed, with a stint at Epicure, which like Per Se is also a three Michelin-starred restaurant. His global culinary journey continued with a move to Hong Kong and the contemporary Parisian bistro Belon, where he earned the restaurant a Michelin star and reached fourth place on the list of Asia’s 50 Best Restaurants. Calvert is happy to modestly take the considerable accolade of the best restaurant in Asia with a pinch of salt, as it were.
Persons: Daniel Calvert, , , It’s, Shane Osborn, Hong Kong’s, Arcane, Calvert, who’ve, ” Osborn, Daniel Calvert's, Chef Thomas Keller’s, Paris, “ I’ve, ” Calvert, Hong, André Fu, morel, SÉZANNE Calvert, Ashley Caley, shima, botan ebi, there’s, sommelier Nobuhide Otsuka, “ I’m, ” Chris Dwyer Organizations: CNN, Champions League, Michelin, Sézanne Locations: Sézanne, “ Tokyo, Marunouchi, Tokyo, London, British, London , New York, Paris, Hong Kong, New York, Epicure, France’s Champagne, Hokkaido, France’s Jura, Yamaguchi Prefecture, morel, bouillon, Asia, @chrismdwyer, Instagram
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