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☆ Elon Musk had weekly meetings with super PAC consultants to try to get voters to turn out for Trump in battleground states: report
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk has spent time in meetings trying to figure out how to get Trump re-elected, per the WSJ. Musk had weekly, hourlong meetings with his pro-Trump super PAC in spring, per The Journal. The meetings were focused on boosting voter turnout for Trump in swing states. Go to newsletter preferences Thanks for signing up! Musk has been convening hour-long weekly meetings with the consultants and vendors from America PAC, a pro-Trump organization he formed, the Journal reported.

Persons: Elon Musk, Musk, —, Elon, Donald Trump Organizations: Trump, Service, Street, America PAC, Business

Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol as the coffee chain tries to reverse a sales slump. Before joining Starbucks, Narasimhan was chief executive of Reckitt, which owns brands like Lysol and Mucinex. Narasimhan's surprise ouster also suggests that Starbucks' board isn't interested in a deal with activist investors. When news of Elliott's stake in Starbucks first broke in July, the hedge fund offered Starbucks' board a settlement that would protect Narasimhan's job, CNBC previously reported. Starbucks' board did not initially respond or engage with Elliott for some time, driven in part by the lingering influence of Schultz.

Persons: Laxman Narasimhan, Brian Niccol, Rachel Ruggeri, Niccol, Narasimhan, Howard Schultz, Elliott, Chipotle, Mellody Hobson, shakeup, Brian, Hobson, he's, Bell, Narasimhan's, Schultz, Scott Boatwright, Jack Hartung Organizations: Starbucks, Elliott Management, Yum Brands, Bell, CNBC Locations: U.S, China, Chipotle, Pizza

☆ 45 unfairly punished stocks primed for a revival: Goldman Sachs
▼ + stars: | 2024-08-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

During the sell-off, strategists at Goldman Sachs recommended buying the dip in US stocks, albeit carefully, as they reiterated their year-end S&P 500 price target of 5,600. Economically sensitive stocks have lagged defensives by at least 5 percentage points in a single week 12 times since 2000, according to Goldman Sachs. "Despite the weak jobs report, our economists believe continued economic expansion is far more likely than recession," Kostin wrote. Goldman Sachs found that those micro factors explained 86% of stock returns in the first half of 2024, versus the long-term average of 57%. Fewer worries about the near-term economic outlook mean stocks will no longer trade in lockstep — a win for active investors.

Persons: —, Goldman Sachs, David Kostin, Kostin, abate, lockstep — Organizations: Service, Goldman, Business, Institute of Supply, Walmart Locations: Japan, lockstep, Monday's

☆ Airbnb's ongoing battle with hotels for travelers has taken a noticeable turn
▼ + stars: | 2024-08-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, Airbnb said its struggles are tied to consumers spending less, but it's also because they're opting for hotels instead . The big storyPlenty of vacancyiStock; Rebecca Zisser/BIAirbnb took a noticeable step back in its ongoing battle with hotels. But Airbnb's struggles are also a product of travelers opting for hotels instead , writes Business Insider's Dan Latu. The death of the so-called millennial lifestyle subsidy — for which Airbnb was a key player — resulted in consumers rethinking things.

Persons: —, Airbnb, it's, let's, Rebecca Zisser, Execs, Airbnb's, Dan Latu, haven't, Jenny Chang, Rodriguez, Bloomberg it's, BI Bank of America isn't, Nicolás Ortega, Nate Silver, Chelsea Jia Feng, Alexander, Tal, Oren Alexander, Musk, Trump, Elon Musk's, Donald Trump, Ron DeSantis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Service, Apple, Business, Bloomberg, Getty, BI Bank of America, Viking, Israel, BI, Apple Intelligence, Trump, X, Florida Gov, Google Locations: Iran, New York, London

☆ 3 data points that could impact how big of a Fed rate cut the market gets next month
▼ + stars: | 2024-08-13 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Management blamed "higher interest rates and greater macroeconomic uncertainty" for pressuring consumer spending on home improvement projects. The recent data certainly supports the idea of a rate cut at the Fed's mid-September meeting. However, that's weeks away, we know things can turn on a dime in the data and the stock market. Lower rates can certainly impact the stock market — but when it comes to picking individual stocks, we remain focused on earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Thursday's, Stanley Black, Decker, Stifel, bode, Russell, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, PPI, Management, Dow, Home Depot, Trade, Costco, Depot, CNBC, New York Stock Exchange, Getty Locations: U.S, New York City

☆ Kellyanne Conway joins the chorus of Republicans urging Trump to back off the Harris insults
▼ + stars: | 2024-08-13 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

But now that Harris is Trump's official 2024 opponent, more and more Republicans are urging the former president to back off the name-calling — including his former campaign manager Kellyanne Conway. Conway, a regular Fox News contributor, told Fox Business host Larry Kudlow on Monday that Trump needs to stop getting caught up with insults against Harris. Advertisement"The winning formula for President Trump is very plain to see," Conway told Kudlow on Fox Business. "But I believe importantly that President Trump is right that she's a chameleon. AdvertisementConway is just the latest Republican to call for Trump — and Vance, by association — to stop questioning Harris' heritage.

Persons: —, Donald Trump, He's, Joe Biden, Sleepy Joe, Hillary Clinton, Ted Cruz's, John F, Kamala Harris, Harris, Kellyanne Conway, Larry Kudlow, Trump, Conway, Kudlow, she's, Biden, Clinton, there's, JD Vance, Vance, Sen, Lindsey Graham of, Mike Johnson, Richard Hudson — Organizations: Service, Business, Fox News, Fox Business, Trump, Democratic, Republicans, DEI, National Association of Black Journalists, CNN, Republican, Trump —, National Republican Congressional Locations: Conway, Chicago, Lindsey Graham of South Carolina

☆ As Trump flails and invites conspiracies, allies plea for him to stay on message
▼ + stars: | 2024-08-13 | by ( Kristen Holmes | Steve Contorno | ) edition.cnn.com time to read: +10 min

“There’s a lot of opposition to people just hearing what President Trump has to say,” Musk said. “President Trump prosecuted the case against Kamala Harris for over two hours yesterday in a record-breaking conversation on X Spaces. The Trump campaign has repeatedly featured Dion’s hit song, “My Heart Will Go On,” at rallies throughout 2023 and 2024. In a segment on Fox Business, Trump allies Larry Kudlow and Kellyanne Conway shared a message clearly tailored to their friend. “Don’t wander off, don’t call her stupid and all kinds of names, stay on message,” Kudlow said.

Persons: Donald Trump’s, Elon Musk, Musk, “, Trump, ” Musk, Kamala Harris, Harris, Joe Biden, Kamala, Walz, Steven Cheung, Biden, flailing, Brian Kemp of Georgia, Martin Luther King Jr, Donald Trump, ”, Steve Deace, “ Donald Trump, Celine Dion, Dion’s, Larry Kudlow, Kellyanne Conway, don’t, ” Kudlow, Conway, ” Conway, Kevin McCarthy, They’ll, Laura Loomer, Loomer, –, Ron DeSantis ’ Organizations: CNN, Elon, Trump, Republican Gov, Jobs, “, Saturday, Capitol, Fox Business, Republican, Mar, National Association of Black Journalists, Florida Gov Locations: Trump, Washington, Montana, ”, Bedminster , New Jersey, Michigan, Detroit

☆ In the Race for San Francisco Mayor, Chinese Voters Take Center Stage
▼ + stars: | 2024-08-13 | by ( Amy Qin | ) www.nytimes.com time to read: +1 min

The contenders for San Francisco mayor are perfecting the pronunciation of their names in Cantonese. They are scrambling to recruit the best Chinese-speaking volunteers, in what one campaign manager described as a bona fide “arms race.”And they are grabbing any opportunity to meet with Chinese American voters in the city. “Now they almost never turn down an invitation to come, and they stay for the whole event,” Mr. Lee said with a chuckle. “They know that the Chinese vote is quite powerful now.”Nationally, Asian American voters often have to fight for attention because their numbers are still considered too few in most states for campaigns to invest heavily in outreach. But in San Francisco, where people of Chinese descent comprise more than one-fifth of the population, mayoral candidates believe that Chinese voters could decide the outcome in November.

Persons: Ding Lee, Mr, Lee, “ Organizations: San Francisco, Chinese Consolidated Benevolent Association Locations: Chinatown, San Francisco

☆ Millennial and Gen Z retirements might actually be OK while boomers and Gen X could struggle. It's due to how savings have changed over time.
▼ + stars: | 2024-08-13 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Assuming no changes to Social Security benefits, 37% of Gen Z and 44% of millennials could experience retirement shortfalls, coming in below 47% of Gen X and 52% of boomers. One 68-year-old previously told BI that she cannot afford to retire and is living off her Social Security and salary. According to the report, only around 28% of US households would face retirement shortfalls if they retire at 70. "You can delay claiming Social Security and get a bigger benefit and inflation-adjusted benefit."

Persons: —, Gen Xers —, Zers, Gen X, X, Spencer, Morningstar, Xers, Gen Organizations: Service, Financial, Morningstar, Social Security, Business, Consumer, Alliance, Lifetime, Pensions

☆ This startup will sell methane-eating microbes to Whole Foods
▼ + stars: | 2024-08-13 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

While some companies are trying to reduce methane emissions, others are trying to capture and remove it as it's produced. These naturally occurring microscopic organisms live in the soil and eat methane as food for survival. Much like yeast that eats sugar in bread and produces substances that make it rise, mems eat methane and produce fertilizer. This would mitigate methane emissions and enable the grocery company to make climate-friendly claims for their milk and other products. In addition to Cavallo Ventures, Windfall is backed by Prelude Ventures, Amazon Climate Pledge Fund, Breakthrough Energy Ventures and Mayfield.

Persons: Josh Silverman, I've, Silverman, We've, we've, Brett Morris, Lisa Rizzolo Organizations: Investors, Cavallo Ventures, Foods, Prelude Ventures, Breakthrough Energy Ventures, CNBC Locations: California, Mayfield

☆ These banks are cutting CD and savings rates. Where to park your cash to grab yield
▼ + stars: | 2024-08-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Last week, three online banks cut their 1-year CD rates, according to BTIG. Meanwhile, Synchrony slashed its online savings rate by 10 basis points to 4.65%. "We believe online banks are intentionally trying to shift customers toward savings rates, which are floating, over term rates," he said. The annualized seven-day yield on the Crane 100 list of the 100 largest taxable money funds is 5.11%, as of Monday. With both high-yield savings and money market funds, the rates can fluctuate.

Persons: Marcus, Goldman Sachs, Sallie Mae, Synchrony, Jerome Powell, Vincent Caintic, Christine Benz, Benz, Winnie Sun, Cathy Curtis, Curtis Organizations: Federal, Morningstar, Federal Deposit Insurance Corp, Sun, Wealth Partners, CNBC, Money, Curtis Financial, Treasury Locations: Capital

☆ Ukraine is extending its record of flipping the script on Russia through innovation and audacity
▼ + stars: | 2024-08-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Read previewFor months, Ukraine had been on the back foot in its war against Russia, with the Kremlin's forces slowly winning control of new territory. But last week, Ukraine turned the dynamic of the war on its head, launching an audacious incursion into Russia's Kursk province. However, the training provided by Ukraine's Western allies gave Ukraine the capacity to surprise and outmaneuver Russia. It's unclear exactly how Ukraine managed to take Russia by surprise with its Kursk attack. Military experts said that Ukraine had also exploited the sluggishness and rigidity of Russian military commanders, who scrambled to devise an effective response to the attack.

Persons: —, Vladimir Putin, It's, Russia's, Jacob Parakilas, they've, it's Organizations: Service, Russia, Kremlin, Business, Black, Rand Corp, Soviet, Economist, Forbes, New York Times, Military Locations: Ukraine, Russia's Kursk, Russia, Russian, Ukrainian, Soviet, Donbas, Crimea, Kyiv, Kursk

Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. But Mr. Haniyeh’s killing was seen as the greater blow to Tehran because it took place on Iranian soil. “Israel has checkmated Iran in this situation because Iran is left with no good options,” said Mr. Vaez. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations.

Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, analystsexperts, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, ”, Benjamin Netanyahu, “, Keir Starmer, Nasser Kanani, Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Western, Iranian, United States, Gaza, Britain, France, Germany, Italy, Saudi Arabia

☆ Ukraine wants more negotiating power as forces advance into Russia, humiliating Moscow
▼ + stars: | 2024-08-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen operate a Soviet-made T-72 tank in the Sumy region, near the border with Russia, on August 12, 2024, amid the Russian invasion of Ukraine. Ukraine's President Volodymyr Zelenskyy stated on Sunday that it was designed "to put pressure on the aggressor Russia" and to push "the war into the aggressor's territory." Russian official Alexei Smirnov, the acting governor of the Kursk region, told a solemn-looking Putin via videoconference Monday that Ukraine controlled 28 settlements. Analysts at the Institute for the Study of War said geolocated footage suggests Ukraine controls a higher number of around 40 settlements, as of Monday. Russia caught off guardPresident Putin vowed on Monday a "worthy response" to Ukraine's border raid, just as 11,000 more civilians were evacuated in Kursk's neighboring region Belgorod, due to "enemy activity."

Persons: Roman Pilipey, Vladimir Putin, Volodymyr Zelenskyy, Oleksandr Syrskyi, Alexei Smirnov, Putin, Gavriil Grigorov, Kostiantyn Liberov, Liberov Organizations: Afp, Getty, CNBC, Institute for, Sputnik, Ukrainian, United, Reuters, Russian Ministry of Defense, Russian, Ukrainian Armed Forces, Anadolu, Employees, Russian Emergencies Ministry Locations: Soviet, Sumy, Russia, Ukraine, Roman, Kyiv, Ukrainian, Kursk, Russian, Novo, Ogaryovo, Moscow, Kherson, Kharkiv, Turkey, United Arab Emirates, Kursk's, Belgorod, Kursk Oblast, Oryol

It’s a serene sight — except for the one thing Mr. Antezana, a retired oceanographer, cannot ignore. The South American country is the top exporter of farmed salmon to the United States. For more than four decades, Mr. Antezana has watched the industry grow into one of the world’s leading producers of farmed salmon. Last year, farmed salmon was Chile’s second-largest export, generating $6.5 billion in revenue. Most of the farmed salmon eaten in the United States comes from overseas, with almost half from the fjords of Chile.

Persons: Tarsicio, Antezana Organizations: U.S . Department of Agriculture Locations: Quinchao, Chile, Los Lagos, United States

☆ Fact check: Trump made at least 20 false claims in his conversation with Elon Musk
▼ + stars: | 2024-08-13 | by ( Daniel Dale | ) edition.cnn.com time to read: +34 min

Here is a fact check:CrimeTrump claimed, “Our crime rate’s going through the roof.”Facts First: Trump’s claim is false. Facts First: Trump did express uncertainty about the number, but his “like 60 million or something” claim is false. They take ‘em out, and they bring them to the United States.”Facts First: Trump’s claim is baseless. He said, “With Ukraine, so we’re in for $250 billion and they’re in for about $71 billion.”Facts First: Trump’s claim is false. But Trump’s claim that the US has committed or provided far more aid than Europe is not true regardless.

Persons: Donald Trump, –, Elon Musk, Kamala Harris, Trump, Jeff Asher, ” Anna Harvey, “, we’ve, ”, Biden, Gary Griggs, Griggs, Harris, Harris “, ” Trump, wasn’t, Alejandro Mayorkas, Breitbart, ” Roberto Briceño, Venezuela’s, León, Joe Biden, ” Michelle Mittelstadt, can’t, Steven Cheung, Congo ’ Trump, Patrick Muyaya Katembwe, ” Serge Mombouli, Barack Obama’s, Obama, Obama’s, We’ll, Ukraine Trump, Europe Trump, Trump’s, Mike Pompeo, ” Pompeo, China, you’re, ‘, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Ronald Reagan’s, Barack Obama, George W, they’d, Scott Gottlieb, ” Gottlieb, General Merrick Garland, Musk, Alvin Bragg’s, Matthew Colangelo, Colangelo, Bragg, CNN’s Tami Luhby, William Montes Organizations: Washington CNN, Republican, Democratic, Public, New York University, CNN, Major Cities Chiefs Association, Biden, Global, Trump, NASA, Meteorological Organization, University of California, Oceanic, Fox News, The New York, White, Homeland, Central, “, Border, Venezuelan, of, Patrol, Republicans, Migration, Institute, Breitbart, Congo, PAC, Central America Trump, Obama, Customs Enforcement, Policy Institute, ICE, El Salvador, Electoral, Ukraine, Kiel Institute, European Union, European Automobile Manufacturers ’ Association, State, Americas, Crisis, Federal, Defense Department, Food and Drug Administration, FDA, Justice Department, New Locations: Trump’s, Santa Cruz, Gulf of Mexico, Florida, Mar, El Salvador, Guatemala, Honduras, United States, Mexico, Venezuela, “ Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, Africa, Republic of, Washington, Europe, Ukraine, Germany, Kiel, ”, EU, Iran, Lebanon, Israel, China, that’s, Kpler, Malaysia, Afghanistan, Asia, Fulton County , Georgia, Manhattan, New York

That’s why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Despite promising local jobs, the company eventually began contracting migrant workers from Mexico, Guatemala and other countries, numerous former employees told CNN. After about a week on the job, Vance took a meeting with AppHarvest founder Jonathan Webb, as Webb later recounted in a Fox News podcast interview. The company’s health care benefits attracted Morgan, a single father, who told CNN he took a pay cut to join the startup. Such comments ring hollow to some former AppHarvest workers, who argue Vance’s rhetoric as a candidate for vice president doesn’t align with the reality they experienced.

Persons: JD Vance, Vance, “ It’s, it’s, ” Vance, AppHarvest, Donald Trump’s, Kentuckians Vance, weren’t, ”, Anthony Morgan, “, Luke Schroeder, AppHarvest’s, JD, Jonathan Webb, Webb, Peter Thiel’s, Thiel, Steve Case, Vance “, Morgan, ” Morgan, ’ ” Anthony Morgan, Shelby Hester, Hester, ” Hester, Grist, Andrew Miller, David Attenborough, Bethany, Gary Broadbent, “ AppHarvest, Mitch McConnell, Hester’s, Mitch Smith, bigwigs, CNN AppHarvest, Martha Stewart, Broadbent, doesn’t Organizations: CNN, Fox, Republican, US Department of Labor, PayPal, AOL, Fox News, AppHarvest, Morehead State University, Workers, Kentucky’s Education, Labor Cabinet, Kentucky Center, Investigative, Kentucky Republican, Securities and Exchange Commission, Retirement Association, Senate, Republican National Convention Locations: AppHarvest, Eastern Kentucky, Kentucky, Mexico, Guatemala, Ohio, Silicon Valley, Morehead, Appalachia, gurneys, Plymouth, Massachusetts, Canada, ”

☆ Secret to Startup Success: Being an Obnoxious Risk-Taker
▼ + stars: | 2024-08-13 | by ( Nate Silver | ) www.businessinsider.com time to read: +11 min

Of the billionaires on the 2023 Forbes 400 list — the 400 richest people in the United States — 70% are basically self-made. In 1982, only 40% of the Forbes 400 had started their own business; the majority were simply scions of inherited wealth. The Forbes 400, however, is the extreme right tail of the curve. But you're not sniffing the Forbes 400 list, where the bidding starts at about $3 billion. I don't think VCs are deliberately picking founders they think are unreliable, although sometimes it seems like it.

Persons: Raj Chetty, That's, Chamath Palihapitiya, Palihapitiya, Josh Wolfe, Wolfe, Elon Musk, Thiel, Jeff Bezos, we're, Sam Bankman, Andreessen Horowitz, A16z, Adam Neumann, Neumann, WeWork, Marc Andreessen, Ben Horowitz, Horowitz, they've, Benchmark's Gurley, Gurley, Nate Silver Organizations: Forbes, United States —, Social Capital, Burger, Lux, VCs, New York Times, Penguin Press, Penguin Publishing, Penguin Random Locations: United States, America, Sri Lanka, Canada, Coney, Israeli, Silicon, Canyon Point , Utah

☆ ‘Sponge’ cities combat urban flooding by letting nature do the work
▼ + stars: | 2024-08-13 | by ( Christy Choi | ) edition.cnn.com time to read: +12 min

Turenscape/Courtesy The Cultural Landscape FoundationYu’s proposal is this: Create areas with porous earth where local plants can thrive with little or no maintenance. But whether this latest flooding crisis demonstrates the limitations of China’s sponge cities, or supports the case to expand them, is a matter of debate. Turenscape/Courtesy The Cultural Landscape FoundationTurenscape planted 5,600 seedlings of 360 local species, including rare trees indigenous to Thailand’s central river basin. Turenscape/Courtesy The Cultural Landscape FoundationThis may be another reason Yu’s services have been sought outside China. Last year, The Cultural Landscape Foundation awarded Yu the $100,000 Oberlander Prize in recognition of his pioneering work.

Persons: Kongjian Yu, Yu, ” Yu, Turenscape, Xi Jinping, Faith Chan, ”, Chan, Elizabeth Mossop, ” Mossop, “ Organizations: CNN, redwoods, UK’s University of Leeds, Research, Global Times, University of Nottingham, Thai, Arsomsilp, Environmental, Landscape Foundation, University of Technology Sydney’s School of Design Locations: Nanchang, China's Jiangxi, China, Qinghuandao, China's Hebei province, Wuhan, Hainan, Sanya, China's, Guangdong, Turenscape, University of Nottingham Ningbo China, ”, Bangkok

Meanwhile, Mizuho raised its price target on Palo Alto Networks ahead of the company's upcoming earnings release. But Grambling shaved $4 off his price target to $47, though that still implies 57.5% upside from Monday's close. Long kept his price target unchanged at $97, which reflects just 1.8% in upside over Monday's closing price. Analyst Laurent Yoon downgraded the media stock to market perform from outperform and shaved $2 off his price target to $8. Analyst Gregg Moskowitz raised his price target on the cybersecurity stock to $380 from $350, maintaining his outperform rating.

Persons: Bernstein, Mizuho, Rollins, Wells Fargo, Jason Haas, Haas, — Alex Harring, Thomas Palmer, Palmer, Morgan Stanley, DraftKings, Stephen Grambling, Grambling, Alex Harring, Tim Long, Long, Dell, Damian Karas, Karas, " Karas, Warner, Laurent Yoon, Yoon, Discovery's Turner, Gregg Moskowitz, Moskowitz, Fred Imbert Organizations: CNBC, Warner Bros, Palo Alto Networks, Hormel Foods, Citi, Hormel, Planters, Grambling, DraftKings, Barclays, Dell, Nasdaq, UBS, Discovery, NBA, Discovery's Turner Sports, Mizuho Locations: Wells Fargo, Monday's, Southern, Grambling, Palo Alto

☆ Boeing's new CEO is already showing that improving quality control is his top priority
▼ + stars: | 2024-08-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Kelly Ortberg visited two key production facilities in his first few days in charge. Ortberg also plans to be based near Seattle, Boeing's historic base and its manufacturing hub. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing's new CEO is endeavoring to turn the company around, beginning by building a closer relationship with factory workers.

Persons: Kelly Ortberg, Ortberg, —, Max, AeroSystems Organizations: Service, Boeing, Business Locations: Seattle, Renton , Washington, Wichita , Kansas

☆ Tropical Storm Ernesto eyes Puerto Rico while plowing through Caribbean islands
▼ + stars: | 2024-08-13 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Tropical Storm Ernesto is slamming the northern Caribbean with heavy rain, gusty winds and rough seas Tuesday as it sets up to take a swipe at Puerto Rico. Satellite imagery captures Tropical Storm Ernesto churning over the northeastern Caribbean as the sun rises Tuesday morning. Tropical storm warnings are in effect for Puerto Rico and the Leeward Islands, including the US and British Virgin Islands. Rainfall totals of 4 to 6 inches will be widespread, with up to 10 inches possible in parts of Puerto Rico. Flash flooding and mudslides are possible as a result, especially in the higher terrain areas of eastern and southern Puerto Rico.

Persons: Ernesto, It’s, Barthélemy, Bart’s, Hurricane Maria, ” Juan Saca Organizations: CNN, Puerto, National Hurricane Center, NOAA, US, British Virgin Islands, Puerto Rico Tuesday, National Guard, Associated Press, Hurricane, Luma Energy, AP Locations: Caribbean, Puerto Rico, Guadeloupe, Leeward, British Virgin, British, Puerto, Hispaniola, Bahamas, Bermuda, It’s, US East Coast

☆ A doctor who says he's reversed his age by 20 years eats these 7 foods every week to boost his longevity
▼ + stars: | 2024-08-13 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Read previewA doctor who claims to have reversed his age by 20 years shared the foods he eats weekly in a bid to boost his longevity. Related storiesOlive oilRoizen said he has a tablespoon of olive oil every day. Plus, replacing margarine, butter, mayonnaise, and dairy fats with olive oil appeared to lower the risk of dying by up to 34%. AdvertisementThe authors suggested that this could be because of the anti-inflammatory and antioxidant properties of olive oil, or because people who consumed more olive oil also tended to be more active, less likely to smoke, and ate more fruits and vegetables. CauliflowerRoizen makes a "cauliflower creamer" by blending the vegetable with olive oil and using it as a spread.

Persons: —, Michael Roizen, Roizen, Florence Comite, Caterina Oltean Organizations: Service, Cleveland Clinic, Business, American College of Cardiology, European, of Nutrition, China's Zhejiang University School of Medicine, National Cancer Institute, Penn State University, Lund University, American Heart Association, Centers for Disease Control Locations: Florence, Sweden

☆ Starbucks is replacing its CEO with the boss of Chipotle in an abrupt management shake-up
▼ + stars: | 2024-08-13 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +1 min

Starbucks CEO Laxman Narasimhan has stepped down effective immediately. Brian Niccol, the current CEO of Chipotle, will replace Narasimhan in early September. This leadership change comes as Starbucks works to turn around its business. Go to newsletter preferences Thanks for signing up! The news comes as Starbucks looks to turn around its business amid faltering sales in recent months.

Persons: Laxman Narasimhan, Brian Niccol, —, Narasimhan Organizations: Starbucks, Narasimhan, Service, Business

☆ Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era
▼ + stars: | 2024-08-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

In this article SBUXCMG Follow your favorite stocks CREATE FREE ACCOUNTBrian Niccol, CEO of Chipotle Anjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job in March 2023 after being handpicked by former CEO Schultz. Other analysts wrote glowingly of Niccol, seeing him as the right person to tackle Starbucks' sluggish sales. Some analysts believe that having Niccol, an experienced restaurant CEO, in the driver's seat could mean that Schultz finally moves on.

Persons: Brian Niccol, Chipotle Anjali Sundaram, Howard Schultz, Niccol, Laxman Narasimhan, Schultz, TD Cowen, Andrew Charles, Piper Sandler, Baird, Oppenheimer, Brian Bittner, Brian, David Palmer, Morgan Stanley, Brian Harbour, Mellody Hobson, Niccol's, Hobson, Gordon, Don Bilson, Chipotle, Steve Ells, Bernstein, Danilo Gargiulo Organizations: CNBC, Starbucks, SBUX, Newport Locations: Denver, Newport Beach

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