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☆ Elon Musk, post-Taylor Swift's Kamala Harris endorsement, has decided to go on the warpath with the world's biggest pop star
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk was quick to respond to Taylor Swift's endorsement of Kamala Harris. "Fine Taylor … you win … I will give you a child and guard your cats with my life," Musk wrote on X. AdvertisementIt didn't take long for Elon Musk to fire off a jab at Taylor Swift after she endorsed Vice President Kamala Harris. "Fine Taylor … you win … I will give you a child and guard your cats with my life," Musk wrote in an X post on Wednesday morning. Musk was weighing in on Swift's latest Instagram post, where she endorsed Harris.

Persons: Elon Musk, Taylor Swift's, Kamala Harris, Swift, Cat Lady, Taylor, Musk, —, Taylor Swift, Harris, Donald Trump Organizations: Service, Business

☆ Bill Gates shares the single-minded attitude he used to grow Microsoft: I focused my life 'just on the one job'
▼ + stars: | 2024-09-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

When Bill Gates dropped out of college to co-found Microsoft, he wasn't thinking about becoming a billionaire or running a company that's now valued at more than $3 trillion. At the time, in 1976, computer obsessives like Gates and co-founder Paul Allen were considered "hobbyists" — yet they fervently believed that a technological revolution was imminent. And I was willing to focus my life, in my 20s, just on software, just on the one job," says Gates. Specifically, that job was creating high-quality software that could make the general public actually embrace the personal computer. That intense focus on creating the best product possible didn't mean Gates wasn't aware that there was also money to be made — in fact, he insisted upon it from the beginning.

Persons: Bill Gates, Gates, Paul Allen, Allen, —, Netflix docuseries Organizations: Microsoft, CNBC, Forbes, Netflix

☆ CEO of property firm Damac expresses concerns over 'expensive' Dubai
▼ + stars: | 2024-09-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Dubai's property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. For Hussain Sajwani, chairman of Dubai property giant Damac, that spells both good and bad news. "What concerns me a little bit in Dubai is that [it's] becoming an expensive city, and I've said this in the past, that Dubai [is] going to be [an] expensive city. The latest Dubai property market numbers tell a story of burgeoning demand. In July of 2024, property sales reached 49.6 billion dirhams ($13.5 billion), a 31.63% increase from the same period in 2023, according to locally-based brokerage firm Elite Merit Real Estate.

Persons: Hussain Sajwani, I've, Sajwani, CNBC's Dan Murphy Organizations: United Arab Emirates, United, Real Locations: DUBAI, United Arab, United Arab Emirates, Dubai, Riyadh

☆ How the world's largest cork company makes millions of wine stoppers
▼ + stars: | 2024-09-10 | by ( David Valerio | ) www.businessinsider.com time to read: 1 min

The Portuguese company Corticeira Amorim is the world's largest producer and distributor of cork. For 150 years, the company has expanded the Portuguese cork industry, but 20 years ago, the entire cork-wine-stopper industry was nearly ruined by fungi. We visited Amorim's headquarters to see how the company has combined traditional techniques and new technologies to save its business while exploring new uses for one of the world's most versatile materials. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Organizations: Business Locations: Portuguese

☆ SpaceX launches 4 people, including a billionaire, on the most ambitious private human spaceflight yet
▼ + stars: | 2024-09-10 | by ( Morgan Mcfall-Johnsen | Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

The Polaris Dawn mission is a fully private spaceflight, commissioned and funded by a billionaire. Godspeed Polaris Dawn crew, may you make history and return safely." High radiation and the first commercial spacewalkOnce they settle into orbit, the Polaris Dawn crew has a five-day agenda packed with experiments and a bold spacewalk plan. AdvertisementA SpaceX Falcon 9 rocket, carrying the crew of the Polaris Dawn Mission, entered space on Tuesday. So the Polaris Dawn crew plans to fly through a belt of intense radiation and monitor their hearts, airways, and eyes along the way.

Persons: —, it's, Elon Musk's, Anna Menon, Sarah Gillis, Scott Poteet, Jared Isaacman, SpaceX Menon, Gillis, Poteet, Isaacman, Frank Messina, SpaceX's, CHANDAN KHANNA, John Kraus, Polaris Dawn, Abhi Tripathi, they're, Tripathi, Starship's, Isaacman haven't Organizations: Service, Polaris, Business, SpaceX, US Air Force, Mission, Polaris Dawn, Apollo, Polaris Program, UC Berkeley's Space Sciences Laboratory, of Liberty Locations: Mars, Cape Canaveral , Florida, Texas

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ I took my son traveling without my partner. I was surprised by how easy parenting was on vacation, and it helped us bond.
▼ + stars: | 2024-09-10 | by ( Jennifer Sizeland | ) www.businessinsider.com time to read: +4 min

After my son was born, getting him out of the house felt like an insurmountable task. Once I'd mastered what I needed to bring with me to keep him happy, I took my son to the Lake District for a weekend without my partner. It's a bonding experienceMy son is now 3, and I've just taken him away on vacation for four days without my partner. Now, I find more peace and satisfaction than I ever thought possible in watching him throwing stones into a lake. There's a real joy to be had in slow travel, and solo adventures with my son have helped me to achieve that.

Persons: I'd, Jennifer Sizeland, I've, tantrums, Taj Organizations: Service Locations: Lake, Machu Picchu, Angkor

☆ Harris and Trump face off for the first time tonight, but some corners of the business world are already over it
▼ + stars: | 2024-09-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Business Insider's Brent D. Griffiths has a rundown on everything you need to know heading into tonight . A newly released Times/Siena poll shows Trump holding just a one-point advantage over Harris among likely voters. For Trump, the focus will likely be the economy, which is a high priority for voters and also a sore spot for Harris. The latest Times poll showed Trump (55%) held a big advantage over Harris (42%) regarding who would be better equipped to handle the economy. Trump will also likely target Harris' biggest vulnerabilities , which may include trying to define her shifting views as disingenuous flip-flops, Brent writes.

Persons: —, he'll, it's, Jose Luis Pelaez, Michael Ciaglo, Getty, Tom Williams, Tyler Le, Kamala Harris, Donald Trump, Insider's Brent D, Griffiths, Harris, BI's John L Dorman, Trump, Brent, Jenny Chang, Rodriguez, BI's Bradley Saacks, It's, BI's Alice Tecotzky, Sébastien Thibault, Goldman Sachs, Torsten Sløk, Anson Chan, Brian Niccol, hasn't, Putin, Andrew Cuomo, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Elon, Business, Jose Luis Pelaez Inc, Trump, BI Bitcoin, Arab League Locations: Philadelphia, Siena, Silicon Valley, China, America, Russia, Ukraine, Cairo, Israel, Gaza, New York, London

☆ Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says
▼ + stars: | 2024-09-10 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. China's crude oil imports in 2023 had notched a record high. China's oil demand has been declining on the back of a slump in industrial inputs, according the International Energy Agency. On the supply side, black oil production in the U.S., one of the world's top crude oil producers, has been "flat" this year, Currie said. Black oils include crude oil, fuel oil, furnace oil, asphalt and tar.

Persons: Currie, Jeff Currie, Carlyle, I've, Energean Organizations: Asia Pacific Petroleum Conference, SINGAPORE —, International Energy Agency, Reuters Locations: Stanton , Texas, Singapore, SINGAPORE, APPEC, U.S, Egypt, Italy, Croatia

☆ Why the global fight against inflation is nowhere near over
▼ + stars: | 2024-09-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Everyone seems to believe that inflation will return to its boring old normal," said Chief European economist Tomasz Wieladek. Changes in central bank policy, expectations, labor markets, and globalization mean that inflation will likely stay volatile going forward." Depending on circumstances, this could set the scene for another large inflation target miss." For instance, JPMorgan chief Jamie Dimon has repeated warnings of a pricey future, as global militarization and the green transition stoke inflation. "While AI will likely have a disinflationary effect in the medium term, the associated energy consumption could contribute to higher short-term inflation."

Persons: —, Rowe Price, Tomasz Wieladek, Wieladek, Jamie Dimon, Donald Trump Organizations: Service, Financial Times, Business, JPMorgan Locations: Europe

☆ BMW trims 2024 profit margin on technical issues, weak China demand
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: +1 min

BMW trimmed its profitability guidance for 2024 on Tuesday, pointing to technical problems that led to delivery stops for cars as well as persistently sluggish demand in the key Chinese market. The German carmaker said it expects its margin of earnings before interest and taxes (EBIT) to be between 6% and 7% for 2024, having previously guided for a figure between 8% and 10%. In a statement, Continental said that only a "small proportion" of the braking systems it produces and supplies to BMW will be partially replaced because of an electronic component that may be impaired. The company also forecasts a slight decrease in deliveries, it said, without providing a specific figure, after having previously expected an increase. The technical actions related to the integrated braking systems impact over 1.5 million vehicles and will result in additional warranty costs in a high three-digit million amount in the third quarter, the company added.

Persons: carmaker, Continental Organizations: BMW, Benz, Volkswagen, Porsche Holding, Renault, Continental Locations: China

☆ Federal Reserve unveils toned-down banking regulations in victory for Wall Street
▼ + stars: | 2024-09-10 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023. Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would've boosted capital requirements for the world's largest banks by roughly 19%. The change comes after banks, business groups, lawmakers and others weighed in on the possible impact of the original proposal, Barr told an audience at the Brookings Institution. "There are benefits and costs to increasing capital requirements. That would likely boost capital requirements by 3% to 4% over time, Barr said.

Persons: Michael S, Barr, Michael Barr, could've, Jamie Dimon Organizations: Banking, Housing, Urban Affairs, Federal, Fed, Federal Deposit Insurance Corp, Brookings Institution, JPMorgan Chase Locations: Washington, Basel

☆ European businesses in China reach a 'tipping point' on whether to invest more
▼ + stars: | 2024-09-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Edgar Su | ReutersBEIJING — European businesses in China have grown so discouraged with the outlook for operating in the country that Beijing must act if the companies are to invest further, according to the EU Chamber of Commerce in China. "We do believe actually that we are in sort of a tipping point situation. Foreign direct investment into China fell by 29.6% during the January to July period versus a year ago, according to China's Ministry of Commerce. Such changes are part of Beijing's pledges to reduce what it calls the negative list, a collection of industries off-limits to foreign businesses in the country. However, Eskelund said such developments, while encouraging, did not move the needle enough for European businesses, especially when members' optimism on profitability in China for the next two years is at an all-time low.

Persons: Edgar Su, Jens Eskelund, Eskelund Organizations: of, Initiative, Reuters, EU Chamber of Commerce, China's Ministry of Commerce Locations: Beijing, China, Reuters BEIJING, Growth

☆ Rapper Ye is set to perform a controversial show in China this week — and many are wondering why
▼ + stars: | 2024-09-10 | by ( Serenitie Wang | ) www.cnbc.com time to read: +4 min

"This is Hainan trying hard to forge its branding as an international destination," said Michael Zhou, founder of Jingjian, a consultancy specializing in China tourism. The tropical island of Hainan, dubbed the "Hawaii of China," has long been a top travel destination for domestic tourists. According to Zhou, the bulk of Hainan's tourism income comes from hotel stays and duty-free shopping. "As it is the largest duty-free channel in China, Hainan's duty-free sales decline is inevitable," said Charlie Chen, head of Asian Research at China Renaissance, a financial institution. Ye and the China connectionCDF Haikou International Duty Free City is one of many duty-free malls on the Chinese island of Hainan.

Persons: Du, Ye, Michael Zhou, Zhou, netizens, Ye's, Charlie Chen, Hainan's, Luo Yunfei Organizations: straitlaced Communist Party, Communist, Hainan's Provincial, of Statistics, Haikou, Asian Research, Duty, China News Service, Getty Locations: Hainan, Shanghai, China, Weibo, Beijing, Ye, Hawaii

☆ Apple failed to mention one pretty big iPhone concern at its Glowtime event — and that's a problem
▼ + stars: | 2024-09-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Analysts have predicted a "golden upgrade cycle" for Apple following the official launch of the iPhone 16, complete with AI capabilities. Still, execs didn't mention the massive market — where its iPhone sales have struggled in 2024 — at the Glowtime event. AdvertisementThe reported partnership with Baidu "will fill in a missing piece of the AI puzzle in the key China market," Wedbush Securities analysts wrote in a Monday note. Apple's Chinese smartphone competitors aren't letting up in their pursuit of dethroning the giant. Related storiesApple may be experiencing a slip in smartphone sales in China, but Huawei saw its sales leap 69.7% in the first three months of 2024.

Persons: —, OpenAI, Max, It's Organizations: Service, Analysts, Apple, Business, Huawei, Street Journal, Apple Intelligence, preorder, Baidu, Wedbush Securities Locations: China, —, Greater China

☆ People in China still aren't buying enough stuff — so exporters are slashing prices to push more overseas sales
▼ + stars: | 2024-09-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewChina's exports are booming, but profits could be under pressure, recent data from the country showed. China's exports rose 8.7% in August from a year ago to nearly $309 billion — a two-year high, official data showed on Tuesday. Imports, meanwhile, edged up by just 0.5% in August from a year ago — a sign that domestic demand was still weak. While China's robust exports have been supporting the country's flagging economy amid weak demand, data suggest that exporters have been slashing prices to stay competitive — a trend some economists have flagged. Meanwhile, official data released on Monday showed China's Producer Price Index — which measures the price of goods at the factory gate — falling 1.8% from a year ago.

Persons: —, it's Organizations: Service, Reuters, Business, PPI, Bank of America, European Union Locations: China, Beijing

☆ U.S. crude oil sheds gains, falls more than 1% to trade below $68 per barrel as OPEC cuts forecast
▼ + stars: | 2024-09-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures on Tuesday fell more than 1%, shedding gains from the previous session as OPEC lowered its demand forecast for the second time in two months. OPEC now expects demand to grow by about 2 million barrels per day in 2024, some 80,000 bpd slower than its previous forecast. The group of oil producers sees demand growth of 1.7 million bpd next year, some 40,000 bpd lower than originally anticipated. OPEC had cut its demand outlook in August due to softening consumption in China, the world's largest crude importer. Here are Tuesday's energy prices:Worries about softening demand in China as electric vehicle sales surge has loomed over the oil market for months now.

Persons: Morgan Stanley Organizations: OPEC, Brent, Futures Locations: OPEC, China, Gulf

☆ Bank stock woes hold back the overall market, but Starbucks' new CEO is full steam ahead
▼ + stars: | 2024-09-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

All of our Super Six megacaps were higher, even Club stock Apple was pushing to stay in the green after getting mixed reviews on Monday's iPhone 16 event. That's an interesting line because you could argue that Starbucks needs to pullback its aggressive expansion plans in the world's second-largest economy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Daniel Pinto, Pinto, JPMorgan's, else's, Jamie Dimon, Wells, Morgan Stanley, ramping, Brian Niccol, Niccol, Buster's, Jim Cramer's, Jim Organizations: CNBC, ., Apple, JPMorgan, Barclays Global Financial Services Conference, Dow, Starbucks, The Club, GameStop, Dave, Jim Cramer's Charitable Locations: Banks, U.S, United States, China

☆ Cautious Chinese travelers are taking more last-minute trips as economy struggles
▼ + stars: | 2024-09-10 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

HAIKOU, CHINA - SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images)Chinese travelers are taking more last-minute trips as they become more cautious with spending amid a lackluster economic recovery. Travelers are planning trips closer to departure as they try to "take advantage of last-minute deals," economists at Oxford Economics told CNBC, noting a shift in consumer preferences where "modern travelers prefer spontaneity in their travel plans." Chinese consumers have become more frugal on everything, from groceries to travel, as the world's second-largest economy grapples with a protracted property crisis and high unemployment. "While people still want to go on holiday, sentiment regarding incomes and consumption remains low," according to economists at Oxford Economics.

Persons: Luo Yunfei, Anthony Caputano, Patrick Body Organizations: China News Service, Getty Images, Marriott International, Bank of America, Lodging Conference, Oxford Economics, CNBC, Cheung Kong Graduate School of Business Locations: HAIKOU, CHINA, Haikou, Hainan Province, China

☆ Europe has admitted it's fallen behind US innovation. Now it's plotting a comeback.
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

How Europe fell behindThe US and China have outpaced the EU on innovation. One of its biggest tech companies, Dutch semiconductor firm ASML, was founded 40 years ago. Europe's strategy to close the innovation gapMario Draghi thinks the EU should focus its attentions on AI. REUTERS/Yves HermanDespite its weaker position relative to the US and China, Draghi thinks the EU can devise a plan to close the innovation gap. Beyond AI, Draghi points to other measures to close the innovation gap, such as reforms to policies that he thinks hinder innovation, as well as addressing big funding issues.

Persons: —, Mario Draghi, Draghi, European Central Bank —, Pedro Pardo, There's, Yves Herman, Musk, Mario Organizations: Service, Union, European Central Bank, Business, AFP, EU, Novo Nordisk, REUTERS, Tiger Global, Elon Musk Locations: Europe, China, EU, Silicon

☆ Ukraine started this year on the brink of disaster. A lot has changed since.
▼ + stars: | 2024-09-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +9 min

Getting F-16s and long-awaited weaponsDelays in getting Western equipment have long been a source of frustration for Ukraine. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders. AdvertisementTaking the war inside RussiaThe biggest change this year is that Ukraine altered the dynamics of the conflict by launching a surprise attack on Russia's Kursk region. In just two weeks, starting on August 6, Ukraine claims its forces took more territory in Kursk than Russia had since the beginning of 2024. Ukraine is "losing territory and may suffer a breakthrough," Benjamin Friedman, policy director at the Defense Priorities think tank, told BI.

Persons: —, Abishur Prakash, Volodymyr Zelenskyy, Zelenskyy, Volodymyr Zelenskyi, Vitalii, Mark Temnycky, it's, Gabrielius Landsbergis, Ukraine wouldn't, Mark Cancian, year's, Putin, Joe Biden, Benjamin Friedman, Michael Kofman, Rob Lee, Prakash Organizations: Service, Russia, Republican, Business, Inc, Reuters, Army Tactical Missile Systems, Getty, Council's Eurasia, Times, Institute for, American Enterprise, Air Assault Brigade, REUTERS, US Marine Corps, Center for Strategic, International Studies, CNN, Defense, Carnegie Endowment, International Peace, Foreign Policy Research Institute, Foreign, Kyiv Locations: Ukraine, Russia, Russian, Kursk, Toronto, Kharkiv, London, Russia's Kursk, Malaya Loknya, Kursk Region, REUTERS Russia, Kyiv

☆ $100 billion club shrinks to 12 members as slump in stocks knocks 3 people out
▼ + stars: | 2024-09-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The $100 billion club lost three people last week as tumbling stocks dented their net worths. Only 12 members remain after Jensen Huang, Michael Dell, and Gautam Adani shed their elite status. Go to newsletter preferences Thanks for signing up! AdvertisementThe $100 billion club has lost three members in four days, shrinking the elite group of the world's superwealthy to just 12 people. Nvidia CEO Jensen Huang, personal-computing pioneer Michael Dell, and Indian industrialist Gautam Adani saw their net worths tumble below $100 billion last week, per the Bloomberg Billionaire Index.

Persons: Jensen Huang, Michael Dell, Gautam Adani, — Organizations: Service, Nvidia, Bloomberg, Labor, Business

☆ Bill Gates on the No. 1 thing that keeps him up at night: 'If we avoid a big war...there will be another pandemic’
▼ + stars: | 2024-09-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Billionaire philanthropist Bill Gates has spent the past couple decades warning the general public about ominous issues, from upcoming "climate disasters" to devastating cyberattacks. "A lot of unrest" in today's world could spark "a major war," he tells CNBC Make It. And even "if we avoid a big war ... then, yes, there will be another pandemic, most likely in the next 25 years." "The country that the world expected to lead and be the model fell short of those expectations," Gates says, referring to the United States. While some progress has been made, with increased spending on pandemic preparedness in the U.S. and elsewhere, Gates says the global response hasn't yet been enough.

Persons: Bill Gates, Gates, it's, that'll, Anthony Fauci, Fauci Organizations: CNBC, Netflix, National Institute of Allergy Locations: Gates, United States, U.S

☆ More countries are openly flaunting their ties with Putin. They say it's just business.
▼ + stars: | 2024-09-09 | by ( Huileng Tan | ) 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. Read previewRussian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine. So far, Putin has met top leaders from Asian countries including China, India, Vietnam, and Indonesia. Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Russia's push for a multipolar world order resonates with countries who desire a more equitable international order.

Persons: —, Vladimir Putin, Putin, Sean McFate, McFate, Anwar Ibrahim, Ukhnaagiin Khürelsükh, couldn't, Russia —, Serik, Li Qiang's, Syracuse University's McFate, it's, Derek Grossman, Grossman Organizations: Service, Syracuse University Maxwell School of Citizenship, Public Affairs, Business, Malaysian, Criminal, ICC, World Bank, European Union, NATO, Bloomberg, Moscow, Central, European, EU, United Nations, RAND, Foreign Locations: Ukraine, China, India, Vietnam, Indonesia, Russia, North Korea, Iran, Mongolia, Mongolian, Russia's, European, Sri Lanka, Turkey, Kazakhstan, Central Asian, European Union, Moscow, Beijing, Europe, Syracuse, Brazil, South Africa, Malaysia, Switzerland, United States

☆ Musk could be the world's first trillionaire in 3 years — if Tesla's fluctuating stock plays ball
▼ + stars: | 2024-09-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Elon Musk is projected to become a trillionaire by 2027, per Informa Connect Academy. The report's predictions are based on an individual's annual wealth growth rate. AdvertisementElon Musk is on track to become the world's first trillionaire, according to a new report from Informa Connect Academy. According to Bloomberg's Billionaires Index, the Tesla CEO is currently the world's richest person, with a net worth of $237 billion. The report's predictions are based on an individual's average annual wealth growth rate.

Persons: Elon, Tesla, — Organizations: Informa Connect Academy, Service, Informa Connect, Business

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