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☆ JD Vance says he was asked in front of his wife if he had 'any secret family' during vice presidential vetting
▼ + stars: | 2024-08-02 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewSen. JD Vance of Ohio said that a lawyer presumably sent by the Trump campaign asked him if he had any "secret family" during the vice presidential vetting process in an interview that took place with his wife, Usha Vance, sitting near him. The lawyer, Vance said, then asked, "Do you have any secret family?" AdvertisementWhile little is often made public about vice presidential vetting, politicians who have gone through it have often described it as cumbersome and intrusive. Would-be vice presidential nominees are asked to turn over copies of every public statement they have made along with bank records. Another example is former Sen. John Edwards of North Carolina, the 2004 Democratic vice presidential nominee.

Persons: —, Sen, JD Vance, Ohio, Trump, Usha Vance, Vance, I've, I'm, you've, he's, Herschel Walker, Walker, Raphael Warnock, John Edwards of, Edwards Organizations: Service, Business, White, Heisman, Georgia Senate, Democratic Locations: Alaska, Ohio, Georgia, Washington, John Edwards of North Carolina

☆ 6 underappreciated stocks to buy now: Top-3% fund manager in the last decade
▼ + stars: | 2024-08-02 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Read previewLeading fund manager David Vaughn would have every reason to be confident — cocky, even. Playing it safe can pay offSince Vaughn doesn't pretend that he can predict the future, he hedges his bets accordingly. ClariVest's international fund, which Vaughn has run since its inception in early 2013, holds a whopping 120 to 150 stocks at a time — far higher than many of its peers. The top fund manager and his colleagues don't develop an in-depth thesis for each stock or get cozy with sweet-talking management teams. Advertisement6 international stocks to buy nowAlthough Vaughn avoids getting attached to stocks in his heavily diversified fund, that doesn't mean he doesn't have favorite ideas in international markets.

Persons: —, David Vaughn, Vaughn, You've, Vaughn doesn't, We'd, that's, Charlie Brown, Lucy Organizations: Service, Carillon, Stock Fund, Business Locations: ClariVest

☆ Olympic moment of the day: France complete clean-sweep of the medals in the men’s BMX racing
▼ + stars: | 2024-08-02 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

The French trio lead the men's BMX race. Daudet was the eventual gold medal winner with a time of 31.422, Andre finished in silver 0.284 seconds behind while Mahieu won bronze. French fans watching men's BMX racing celebrate afterwards. However, this was his fourth Olympic Games and he had never previously won an Olympic medal. Well now, he is a gold medal winner and stands alongside his fellow countrymen on the podium.

Persons: haven’t, – Joris Daudet, Romain Mahieu, Sylvain Andre –, Gonzalo Fuentes, Daudet, Andre, Mahieu, Thibaud Moritz, Saya Sakakibara Organizations: CNN, Olympics, Olympic Games Locations: Paris, AFP

☆ Microsoft's cloud is 'no-brainer' for some AI startups, helping Azure gain ground on AWS
▼ + stars: | 2024-08-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

However, after EzDubs went through the Y Combinator startup program last year, the company made a quick pivot, adding Microsoft's cloud into the mix. That's because EzDubs' founders learned of a partnership that enabled Y Combinator companies to receive $350,000 worth of credits on Microsoft Azure. The current offer includes $350,000 in AWS credits, plus $300,000 reserved for tapping the custom silicon, the spokesperson said. A spokesperson later said 58% of Y Combinator startups had taken up Microsoft's credit offer, a figure that doesn't reflect actual Azure usage. "Leading AI startups use OpenAI to power their AI solutions, therefore, making them Azure customers as well."

Persons: Amrutavarsh Kinagi, Kareem Nassar, Padmanabhan Krishnamurthy, EzDubs, Krishnamurthy, Y, Annie Pearl, it's, Satya Nadella, Sam Altman, Hayden, CNBC InKeep, OpenAI, Nick Gomez, InKeep's, InKeep, Gomez, CNBC's Andrew Ross Sorkin, Prady Modukuru, Modukuru, Anthropic, Daksh Gupta, Gupta, Nassar Organizations: Google, Microsoft, CNBC, Amazon, Services, Alchemist, AWS, Hayden Field, Sync Labs, Sync, OpenAI Locations: Palo Alto , California, OpenAI's, San Francisco

☆ After getting laid off back-to-back, I now depend on my mom to pay rent
▼ + stars: | 2024-08-02 | by ( Tonja Renée Stidhum | ) 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. I switched careers 3 years agoAbout three years ago I changed careers, and that came with an incredible pay raise. I was laid off after a year but found a new jobI learned a lot about money the hard way. But, I was laid off from that first tech job after about a year. I was laid off againThe next layoff took about six months, and the severance wasn't nearly as cushy.

Persons: —, crouch, hadn't, Dom Perignon, I'm, I'd, wasn't Organizations: Service, Business Locations: Los Angeles, Chicago

Below, we've highlighted everything you need to know about where to watch Olympic gymnastics, including free streaming options around the world. Where to watch Olympic gymnastics in the USThe best way to see absolutely all parts of the Olympic gymnastic events in the United States is through Peacock. If you're a cord-cutter, you can still access these channels through a live TV streaming cable alternative like Sling TV or Fubo. Check price at FuboWhere to watch Olympic gymnastics in the UKOlympic gymnastics and the entirety of the 2024 Summer Olympics will be available to stream on Eurosport through Discovery+ in the UK. Where to watch Olympic gymnastics in Australia9Now will carry lots of free Olympics coverage, including the team finals, in Australia, and only account creation is required to use it.

Persons: Simone Biles, Stephen Nedoroscik, you've, Suni Lee, Biles, Lee, we've, Peacock, Stan Sport, Stan, ExpressVPN Organizations: Business, United, United States women's, US, Japan, China, NBC, Peacock, Eurosport, Discovery, BBC Locations: United States, Peacock, USA, Australia

☆ Shapiro’s College-Era Criticism of Palestinians Draws Fresh Scrutiny
▼ + stars: | 2024-08-02 | by ( Neil Vigdor | ) www.nytimes.com time to read: +1 min

Josh Shapiro, Democrat of Pennsylvania, wrote in his college newspaper three decades ago that Palestinians were “too battle-minded” to achieve a two-state solution in the Middle East, prompting criticism as Vice President Kamala Harris considers him to be her running mate. Mr. Shapiro, 51, has embraced his Jewish identity and been one of the Democratic Party’s staunchest defenders of Israel at a moment when the party is splintered over the war in Gaza. But he says his views have evolved since publishing an opinion essay as a college student at the University of Rochester in New York, when he wrote that Palestinians were incapable of establishing their own homeland and making it successful, even with help from Israel and the United States. “They are too battle-minded to be able to establish a peaceful homeland of their own,” he wrote in the essay, published in the Sept. 23, 1993, edition of The Campus Times, the student newspaper. “They will grow tired of fighting amongst themselves and will turn outside against Israel.”

Persons: Josh Shapiro, Kamala Harris, Shapiro, ”, “ Organizations: Democratic Party’s, University of Rochester, Campus Times, Israel Locations: Pennsylvania, Israel, Gaza, New York, United States

☆ 23% of low-income Americans are living without a bank account
▼ + stars: | 2024-08-02 | by ( Genna Contino | ) www.cnbc.com time to read: +5 min

"When they don't see a financial institution or a bank, [they] tend to say, 'There's no avenue for me this way. Of 18- to 29-year-olds, 11% are living without a bank account, compared to 9% of 30- to 44-year-olds, 5% of 45- to 59-year-olds and 2% of people 60 and older, according to the Federal Reserve. People without bank accounts might also turn to check cashing services or consider payday loans, especially if they're the only brick-and-mortar financial services in their neighborhood. The Community Financial Services Association of America, which represents payday lenders, did not respond to a request for comment. "They're going out into the community, they're promoting their services into the community, they're creating programs specifically for the community," he said.

Persons: Sean Gladwell, Wole Coaxum, Joe Lugo, Lugo, that's, Darrin Williams, Williams, Harris, Winnie Sun, It's, Sun, Preston Duppins, Duppins, They're Organizations: Federal Reserve, Southern Bancorp, Inc, Finance, Sun, Wealth Partners, CNBC, Federal Deposit Insurance Corp, Federal Deposit Insurance Corporation, American Fintech Council, Wealth Management, Community Financial Services Association of America, Chamber, Commerce Locations: Clearwater , Florida, U.S, Irvine , California, Florida, Lugo, Pinellas County

☆ 'I love my black job': Simone Biles takes apparent swipe at Trump after winning Olympics gold
▼ + stars: | 2024-08-02 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +3 min

Biles' post on the social media platform X seemed to reference Trump's recent controversial comments that immigrants are "taking Black jobs." The Republican presidential nominee had said, "They're taking Black jobs now and it could be 18, it could be 19 and even 20 million people," during his June 27 debate against President Joe Biden. "They're taking Black jobs, and they're taking Hispanic jobs, and you haven't seen it yet, but you're going to see something that's going to be the worst in our history," Trump said. Data does not support Trump's claim that immigrants are "taking" jobs from American workers. With nine Olympic medals, six of them gold, Biles is the most decorated U.S. gymnast in history.

Persons: Simone Biles, Jamie Squire, Donald Trump, Biles, Joe Biden, Trump, Kamil Krzaczynski, Kamala Harris, Black, Lionel Bonaventure, Harris Organizations: Team USA, Bercy Arena, Getty, Paris, Republican, CNBC, U.S, National Association of Black Journalists, Afp, Democratic, Bercy, Howard University, Washington , D.C, nonconsecutive Games, Olympic Locations: Paris, Chicago, Jamaica, India, Washington ,, U.S, American, Tokyo

☆ Opinion | Don’t Listen to the Right. The Kamalanomenon Is Real.
▼ + stars: | 2024-08-02 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +1 min

Tracy Nailor, a 56-year-old Atlanta pediatrician, wasn’t particularly impressed with Kamala Harris when she first ran for president. She thought Harris wasn’t experienced or accomplished enough to merit the Democratic nomination. “I didn’t do my homework.” Instead of Harris, she supported the trusted, familiar Joe Biden in the last election. “I’m a person that believes in spirit, and I’m a person who believes that but God. “I’ve seen people that I haven’t seen in decades.

Persons: Tracy Nailor, wasn’t, Kamala Harris, “, ”, Harris wasn’t, Harris, Joe Biden, Nailor, ebullient Harris, I’ve, “ I’ve, It’s Organizations: Democratic, Convocation Locations: Atlanta, Georgia

☆ Child-focused parenting is exhausting. Some parents are finally ditching it.
▼ + stars: | 2024-08-02 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +9 min

This is known as child-focused parenting, a style devised in the 90s that has become the norm in the last decade. Gaskins isn't the only psychology professional against child-focused parenting. Ironically, child-focused parenting teaches kids that it's normal to forego your identity and boundaries. AdvertisementInstead of being prepared for adult life, "the child's world is completely separated from the adult world," Doucleff said. Woo, who teaches at UC Irvine, said she's witnessed the lasting effects of child-focused parenting.

Persons: —, Michaeleen Doucleff, Doucleff, Suzanne Gaskins, Gaskins, Brené Brown, Tim Ferriss, Gen Xers, Sharon Hays, Caitlyn Collins, Louis, Collins, bento, Dr, Jenny Woo, Woo, she's, It's Organizations: Service, Business, Northeastern Illinois University, Washington University, Disney, UC Irvine, Pew Locations: San Francisco, American, St, playdate, America

In late 2020, a news start-up began pitching investors on a bold vision: By creating content native to social media for Gen Z audiences — and later acquiring brands like The Daily Mail — the company would begin to create “the Amazon of News” within five years. “We must create a movement,” read a pitch deck for the company viewed by The New York Times. “A movement hungry for the facts and thirsty for the truth.”That company, which eventually became known as The News Movement, was co-founded by Will Lewis, a media executive who was named chief executive of The Washington Post last year. In early June, Mr. Lewis announced a new division in the newsroom that would focus in part on “social media journalism” to help turn around its ailing finances. The announcement, made alongside the news that the paper’s executive editor was leaving, ultimately led to internal strife and questions about Mr. Lewis’s leadership and ethics.

Persons: “, ”, Will Lewis, Lewis Organizations: Daily Mail, The New York Times, News, The Washington Post

☆ Even Zoom's ex-CMO is tired of non-stop video meetings. Here's her take on how remote work needs to change.
▼ + stars: | 2024-08-02 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +5 min

It's emblematic of our flexible post-pandemic world, which has allowed remote working arrangements to thrive. Moving forward, the former Zoom CMO believes that developing in-person relationships and a strong company culture can support the effectiveness of remote work. Pelosi said online meetings are more structured than a coffee chat or desk-side discussions in the office. AdvertisementBecause the video meetings are transactional and set up for a specific purpose, they're dealt with swiftly. This could help drive company culture and strengthen relationships in a world overcrowded with online meetings.

Persons: —, Janine Pelosi, Pelosi, she's, it's Organizations: Service, Neat, Business, Zoom CMO, BI, Technology Locations: California, Oslo, Norway

☆ Fed Will Scour Jobs Report for Signs of Weakness
▼ + stars: | 2024-08-02 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Federal Reserve officials held off on cutting interest rates this week because they want slightly more data to feel confident that inflation is truly coming under control. But while that approach is cautious when it comes to price increases, it could prove to be risky when it comes to the labor market. High Fed interest rates help to cool inflation by slowing demand in the economy. And as inflation comes down, Fed policymakers are increasingly attuned to the risk that they might overdo it, tipping the economy into a severe enough slowdown that it pushes unemployment higher and leaves Americans out of work. Those concerns were not enough to prod central bankers to cut interest rates at their meeting this week.

Organizations: Federal

From early heats to medal-worthy moments, we've outlined all of your Olympic watch options below. And don't forget to bookmark our Olympic streaming guide for daily updates on must-see 2024 Paris coverage. How to watch Olympic track and field in the USEvery Olympic track and field event will live stream on Peacock in the US. Check price at FuboHow to watch Olympic track and field in the UKUK viewers can explore track and field events through a couple of different options, including free streams on BBC iPlayer. How to watch Olympic track and field in AustraliaIn Australia, most track and field events (and Olympic coverage) will be available to live stream for free through 9Now.

Persons: you've, we've, USA's Noah Lyles, Sha'Carri Richardson, Richardson, Lyles, Peacock, Stan Sport, ExpressVPN Organizations: Business, Olympics, US, NBC, Peacock, BBC, Eurosport Locations: Paris, USA, Australia, 9Now

☆ Russia Released 16 Prisoners. Hundreds of Others Were Left Behind.
▼ + stars: | 2024-08-02 | by ( Ivan Nechepurenko | ) www.nytimes.com time to read: +1 min

For the 16 people released from Russian captivity on Thursday in a landmark prisoner swap, the exchange brought a moment of momentous relief. Hundreds of prisoners in Russia — including Americans and prominent Russian political activists, journalists and artists — are still waiting, hoping that another diplomatic agreement or turn of events might secure their release. One of them is Marc Fogel, an American history teacher who worked for almost a decade at the Anglo-American school in Moscow. In 2021, when trying to enter Russia, Mr. Fogel was arrested and accused of smuggling drugs after a small amount of medical marijuana was discovered in his luggage. In June 2022, Mr. Fogel, a native of Western Pennsylvania, was sentenced to 14 years in prison for drug smuggling.

Persons: —, Marc Fogel, Fogel Locations: Russia, Russian, Moscow, Western Pennsylvania

☆ Intel's 22% share plunge drags down global chip stocks from TSMC to Samsung
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Intel shares fell 21.51% at 04:37 a.m. In Asia, Taiwan Semiconductor Manufacturing Co. — known as TSMC — closed 4.6% lower in Taiwan, and Samsung was also more than 4% lower at the end of the session in South Korea. TSMC is the world's biggest manufacturer of chips, while Samsung is the largest memory semiconductor firm globally. Samsung rival SK Hynix, which supplies U.S. giant Nvidia, also fell sharply to close more than 10% lower.

Persons: Pat Gelsinger, Gelsinger, Annabelle Chih Organizations: Intel Corp, Nvidia Corp, Bloomberg, Getty, Intel, Taiwan Semiconductor Manufacturing, Samsung, SK Hynix, Nvidia Locations: Taipei, Taiwan, U.S, Asia, South Korea, TSMC

Now, the broader conservative movement is trying to figure out what it means for a potential second Trump administration. “Since the Fall of 2023, President Trump’s campaign made it clear that only President Trump and the campaign, and NOT any other organization or former staff, represent policies for the second term,” Alvarez said in a statement. Still, staffing the administration could be a major place where Project 2025’s work plays into a Trump administration, even if the Trump campaign swatted the effort aside. “If Trump is re-elected, as we hope he will be, there will be thousands of appointments,” said Steven Groves, who helped put together the Project 2025 policy book. Groves, who helped put together Project 2025 policy framework, said: “I understand politics.

Persons: Donald Trump, Trump’s, ”, Trump, Paul Dans, Marc Short, Mike Pence, president’s, Danielle Alvarez, ” Alvarez, President Trump, “, Chris Christie, Stephen Moore, Edwin Feulner, Sen, Bill Hagerty, Linda McMahon, McMahon, Hagerty, Lara Trump, ” Trump, Steven Groves, bodes, Moore, Ronald Reagan, Groves, It’s, ” Groves Organizations: GOP, Trump, Heritage Foundation, Republican, Democratic, New, New Jersey Gov, General Services Administration, Trump America, Policy, Republican National Committee, The Washington Times, Republicans, “, Fox News, Social Locations: Trump, New Jersey

☆ Harris' running mate search nears the finish line: From the Politics Desk
▼ + stars: | 2024-08-01 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, we report on how Vice President Kamala Harris' search for a running mate is nearing the finish line. Harris' VP search nears the endBy Yamiche Alcindor, Julie Tsirkin and Rebecca ShabadThe vetting team for Vice President Kamala Harris has met with six potential running mates as her selection process nears its end, two sources familiar with the campaign said. Shapiro met with Harris’ vetting team on Wednesday, according to a source familiar with the meeting. The vice president was not present, the source said. Read more →The Democratic National Committee’s virtual roll call to officially nominate Harris for president began at 9 a.m.

Persons: Kamala Harris, Jonathan Allen, Donald Trump, Harris, Yamiche Alcindor, Julie Tsirkin, Rebecca Shabad, Andy Beshear, Pete Buttigieg Arizona Sen, Mark Kelly Illinois, JB Pritzker, Josh Shapiro Minnesota, Tim Walz, Joe Biden, Shapiro, Manuel Bonder, ” Bonder, Kelly, ” Pritzker, Walz, “ I’m, ” Walz, Read, Allan Smith, →, hasn’t, Ohio Sen, JD Vance, Kamala Harris ’, Trump, ” That’s, ”, Scott Olson, Vance, Joe Biden —, Archie Bunker, Harris doesn’t, that’s, —, Sen, Rea, sid e nt began, m. E, mary day in Organizations: NBC, White House, Capitol, Mark Kelly Illinois Gov, Hamptons, PAC, NBC News, Democratic, National Association of Black Journalists, GOP, ’, Trump, SC O Locations: Kentucky, Philadelphia, Wisconsin, Detroit, Raleigh , North Carolina, Phoenix, Las Vegas, Savannah , Georgia, Israel, Gaza, Chicago, Indian American, Michigan , Wisconsin , Pennsylvania, Arizona, Georgia, —

☆ Germany’s doctors can prescribe four-week spa breaks to frazzled parents
▼ + stars: | 2024-08-01 | by ( Ulrike Lemmin-Woolfrey | ) edition.cnn.com time to read: +8 min

Those lucky parents may leave with doctor’s orders for a four-week spa break by the sea or in the mountains. Germany has around 350 designated spa towns, with many designated as UNESCO World Heritage sites. ‘I had severe sleeping problems’Focused on preventative as well as restorative care, a Kur is frequently aimed at burned-out parents. The proportion of single parents in MGW clinics is disproportionately high in relation to the overall share in society. “Together, solutions are developed that will help patients to cope with everyday life again and prevent (further) health problems,” Gerstkamp explained.

Persons: ”, They’ve, Cécile Poirot, ” Poirot, “, Müttergenesungswerk, Petra Gerstkamp, Gerstkamp, Poirot, ” Gerstkamp Organizations: CNN, UNESCO, Heritage, “ Locations: Germany, Baden, Wiesbaden, Bad, Europe, Elmshorn, Hamburg

☆ I'm a mom of 2. My picky eaters love these Trader Joe's staples for a quick, easy dinner.
▼ + stars: | 2024-08-01 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +5 min

The edamame from Trader Joe's comes ready to eat, so I can just dump it right onto their plates. AdvertisementThe author's daughters love eating Trader Joe's edamame. Courtesy Elliott HarrellThe ready-to-eat protein selection at Trader Joe's makes dinners easyTrader Joe's has a plethora of quick protein options for lightning-quick meal prep. The author says Just Chicken strips from Trader Joe's make dinner easy. The author's daughters love Trader Joe's waffle fries.

Persons: Joe's, Elliott Harrell, Elliott Harrell I've, fryer, edamame Organizations: Service, Business Locations: Turkey

☆ Sonya Massey’s mom called 911 to report her daughter was having a mental breakdown the day before she was killed
▼ + stars: | 2024-08-01 | by ( Emma Tucker | ) edition.cnn.com time to read: +9 min

Please.” It’s unclear whether the deputies who responded the next day knew about her mental health concern. On July 5, Massey and her mother, Donna Massey, called 911 at different times, according to Sangamon County records. In a news conference, Massey’s family and their attorney Ben Crump said she had mental health challenges. You can go get it but that’s a headshot.”Officers trained to recognize mental health crisesLaw enforcement experts tell CNN officers are trained in recognizing whether they are dealing with someone who might be experiencing a mental health crisis. The officers could have asked more questions to determine Massey’s mental state and asked whether she’s receiving social services before using deadly force, experts said.

Persons: Sonya Massey, Sean Grayson, Jack Campbell, Massey, Donna Massey, “, Ben Crump, ” Crump, ” Massey, Breonna Taylor, Atatiana Jefferson, Crump, Massey’s, –, Sonya Massey –, she’s, Vincent Alban, everybody’s, ”, Grayson, Jesus, ” Grayson, I’m, he’s, Steven Snodgrass, Grayson “, Dave Campbell, ” Grayson’s, ” CNN’s Eric Levenson, Bill Kirkos, Raja Razek, Sarah Dewberry, Brad Parks Organizations: CNN, New Mount Pilgrim Missionary Baptist Church, Reuters, ”, John’s, Massey, Authorities, Illinois State Police, International Association of Chiefs, Police, Virden Police, Auburn Police Department, Sangamon County Sheriff’s Office Locations: Illinois, Springfield, Sangamon County, Springfield Monday, Chicago , Illinois, St, Macoupin, Logan

☆ Sports Betting Is Driving Americans Into Debt, Bankruptcy
▼ + stars: | 2024-08-01 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

AdvertisementIt tracks: The closer you live to a casino, the likelier you are to develop a gambling problem. About 1% of US adults have a severe gambling problem, according to the National Council on Problem Gambling, and 2% to 3% have a mild or moderate problem. Advertisement"By the time everyone gets all excited, we're talking about really large credit-card debt, really large debts to friends and family. A lot of online debt," said Timothy Fong, a clinical professor of psychiatry at UCLA and a codirector of its gambling-studies program. In the sports world, we've recently seen some high-profile examples of young men getting into hot water from sports betting.

Persons: that's, Brett Hollenbeck, Hollenbeck, It's, Michelle Malkin, You've, Timothy Fong, Fong, Young, we've, Shohei, Ippei Mizuhara, Jontay Porter, Malkin, doesn't, it's, Emily Stewart Organizations: University of California, University of Southern, UCLA's Anderson School of Management, National Council, East, East Carolina University's, Policy Initiative, UCLA, MLB, NBA, Sports, Business Locations: Los Angeles, University of Southern California, East Carolina, America, New Jersey

☆ Tesla needs to figure out how to sell cars. Its salespeople say it's stuck in the past.
▼ + stars: | 2024-08-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +10 min

The company's sales team has been struggling to adapt to a much different market, according to 14 current and former employees from Tesla's sales division in North America. The carmaker is also attempting to fix a spate of bad publicity surrounding its CEO, Elon Musk — all with little in the way of advertising initiatives or traditional sales strategies. The electric-car maker made its mark by breaking industry standards with its ad-free, direct-to-consumer sales model. Now, some of Tesla's sales staff believe it's time for the company to begin acting like a traditional automaker. Musk has been vague about when a new, more economically priced Tesla model would hit the market, saying only that it could happen in 2025.

Persons: —, Tesla, Elon Musk, What's, Musk, shouldn't, Tesla backpedaled, Brian Moody, Autotrader Organizations: Service, US EV, Business, Tesla Locations: North America

☆ Boeing’s new CEO just landed the best (and worst) job in Corporate America
▼ + stars: | 2024-08-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

You’ve just landed a job that is simultaneously the best and worst in Corporate America. There’s a laundry list of problems Ortberg will have to confront on Day One, and he’ll be operating under intense scrutiny from a rabid audience of shareholders, regulators, customers and even the FBI. “I wish I knew more about other industries to say whether he was the worst aerospace CEO or the worst CEO, period.”Under Calhoun’s watch, Boeing’s headaches have multiplied. Ortberg climbed the ranks at Rockwell Collins, an aviation tech supplier, from 1987 to 2013, when he became its CEO. Boeing’s shares rose 2% Wednesday, even after Boeing announced its losses tripled in the second quarter, reflecting Wall Street’s optimism about Ortberg.

Persons: CNN Business ’, Kelly Ortberg, You’ve, that’s, can’t, Ortberg, Dave Calhoun, Richard Aboulafia, “, Boeing didn’t, Steven Mollenkopf, Calhoun “, ”, they’ll, That’s, ” Aboulafia, Robert Clifford, Max, ” Clifford, Chris Isidore, He’s, Rockwell Collins, Ron Epstein, “ Kelly, he’ll Organizations: CNN Business, New York CNN, Corporate, Boeing, Ortberg, FBI, Airbus, Rockwell, Industry, Bank of America, Puget Locations: New York, Corporate America, Seattle, Chicago, Arlington , Virginia

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