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☆ 4 Gen Zers on track for financial independence explain the mix of passive income, businesses, and sacrifices it took to get there
▼ + stars: | 2024-07-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. But all four emphasized that their sacrifices and risks earlier in life may be the key to their financial stability down the road. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.

Persons: —, Gen Z, they've, Cody Berman, Cody Berman Cody Berman, Berman, I'm, " Berman, Bosch, Louis, Roth, Amber Smith, Amber Smith Amber Smith, Smith, she's, Cory Sarkisian, Sarkisian, They've Organizations: Service, Transamerica Center, Retirement Studies, Business, Boeing, Navy, Nissan, Gold City Ventures, Bosch, eBay, Honda Civic, Roth IRA, Savings Locations: St, California, West Des Moines, San Diego, Hawaii, Connecticut, New Zealand

CNN —Weapons experts have identified the remnants of two US-made munitions used in an Israeli missile strike Sunday on a school in central Gaza that according to local authorities killed at least 22 people. Hundreds were taking refuge at the former school in Nuseirat when it was struck by two missiles. CNN video from the scene Sunday showed an ambulance at the school, as people frantically searched through the rubble and destroyed makeshift shelters in the schoolyard. Then another missile hit. Ball told CNN there were also fragments of a US-made Hellfire missile at the site, including the top of the guidance system.

Persons: ” Abdul Kareem Al Assas, ” Tayseer Al Kilani, Netanyahu, UNRWA’s Abu, Patrick Senft, Trevor Ball, Ball, “ It’s, ” Organizations: CNN —, CNN, ”, Israeli Air Force, Hamas, Armament Research Services, Boeing, US Army Locations: Gaza, Nuseirat, Al Aqsa, UNRWA’s

☆ 4 Gen Zers share how they're already on pace to retire early — though some don't want to
▼ + stars: | 2024-07-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Four Gen Z Americans told Business Insider they've followed the principles of the FIRE — financial independence, retire early — movement to achieve a high net worth before their 30th birthdays. Some said they don't intend on following the "retire early" part of the acronym and instead want to pursue their passions while making money doing so. Cody Berman, entrepreneur and "passive income expert"Cody Berman hit financial independence at 25 but continues to help others achieve their financial goals. Courtesy of Cody BermanCody Berman, 28, hit financial freedom at 25 but has no plans to retire early. His net worth is about $2.8 million, but he drives a 2015 Nissan truck approaching 100,000 miles.

☆ See inside the $21 million Embraer Praetor 600, one of the most advanced midsize private jets on the market
▼ + stars: | 2024-07-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The Embraer Praetor 600 is a $21 million super-midsize business jet. See inside the $21 million aircraft that's fully fly-by-wire and has touchscreen cabin controls. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Embraer, Service, Airbus, Boeing, Business

☆ Earnings playbook: Your guide to the first full week of the reporting season, including Netflix and Goldman
▼ + stars: | 2024-07-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Monday Goldman Sachs is set to report earnings before the bell. This quarter: Morgan Stanley is expected to report earnings per share growth of more than 30%, per LSEG. What history shows: Bespoke data shows United beats earnings expectations 71% of the time. Thursday Netflix is set to report earnings after the bell, with a conference call slated for 4:45 p.m. This quarter: The streaming giant is expected to report earnings per share growth of more than 40%, per LSEG.

Persons: Goldman Sachs, Morgan Stanley, Hugh Son, David Solomon, Goldman, Ted Pick, UAL, Leslie Josephs, NFLX, Goldman's Eric Sheridan, Citi's Jason Bazinet Organizations: Bank of America, Netflix, CNBC, LSEG, Investment, Wednesday United Airlines, Delta, Boeing, Airbus

☆ How Boeing defrauded the United States and escaped with a slap on the wrist
▼ + stars: | 2024-07-13 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +10 min

Boeing agreed to plead guilty to a charge that it defrauded the Federal Aviation Administration, hiding crucial information about a design flaw on the 737 Max during its original certification process. Boeing attorneys had it as part of their mission to make sure that its executives did not face any criminal charges, Lindquist said. A Boeing spokesman said the company had no comment about the anticipated guilty plea or the case beyond a brief statement confirming the agreement. Another way to make executives payEven if there are no criminal charges brought against executives, they can face significant penalties, Arlen said. Why Boeing will keep its government contractsThe most serious penalty that Boeing could face is by far the least likely – it could be barred from federal government contracts due to its guilty plea.

Persons: Critics, ”, Peter Goeltz, Goeltz, “ I’m, Moody’s, Paul Cassell, Jemal Countess, “, Mark Lindquist, Lindquist, FAA ”, Mark Forkner, ” Lindquist, there’s, that’s, Arlen, Dave Calhoun, Dennis Muilenburg, Calhoun, Max, Patrick Ryder, Robert Clifford, – CNN’s Natasha Bertrand Organizations: New, New York CNN, Boeing, Federal Aviation Administration, National Transportation Safety Board, CNN, ”, Alaska Airlines, Justice Department, FAA, Volkswagen, University of Utah, Ethiopian Airlines, Max, Alaska Air, DOJ, “, Department of Defense, Pentagon, Air Force, Department of Justice, they’re Boeing Locations: New York, Alaska, Indonesia

☆ Boeing begins 777-9 certification flight trials with FAA
▼ + stars: | 2024-07-13 | by ( ) www.cnbc.com time to read: +1 min

Boeing has started certification flight testing of its long-delayed 777-9 with U.S. aviation regulators onboard, the U.S. planemaker said in an emailed statement. The U.S. Federal Aviation Administration (FAA) did not immediately respond to a Reuters request for comment out of office hours. Type inspection authorization is typically associated with the start of the certification process, made after the FAA has examined technical data. The milestone allows FAA pilots to participate in flight testing needed to certify the plane for normal operation. Boeing has said that the 777-9 test fleet will undergo the most thorough commercial flight test effort the planemaker has ever undertaken.

Persons: planemaker Organizations: Boeing Co, Boeing, Air Current, U.S . Federal Aviation Administration, FAA, Emirates Locations: Renton , Washington, US, U.S

☆ Bronze Age-style ship recreates a 4,000-year-old journey
▼ + stars: | 2024-07-13 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Fast-forward to seventh century East Anglia in the United Kingdom, where an Anglo-Saxon warrior king was buried alongside exquisite goods within a massive ship. Researchers are hoping to reconstruct the ship — and it’s not the only vessel gaining new life centuries after disappearing from time. Emily Harris/Zayed National MuseumUsing a supply list written on a clay tablet, a team of experts in the United Arab Emirates has reconstructed a Bronze Age ship. Once upon a planetScientists excavated a 52,000-year-old woolly mammoth skin from the Siberian permafrost. Love Dalén/Stockholm UniversityThe freezing temperatures of the Siberian permafrost preserved a piece of 52,000-year-old woolly mammoth skin so well that it contains a first-of-its-kind genetic treasure trove.

Persons: it’s, Emily Harris, Shipwrights, Jacob, Alex Braczkowski, Griffith University Jacob, Tibu, Butch Wilmore, Suni Williams, James Webb, Ashley Strickland, Katie Hunt Organizations: CNN, East, Zayed National, United Arab Emirates, Zayed National Museum, Griffith University, Uganda’s Queen Elizabeth, International Space Station, NASA, Boeing, European Space Agency, James Webb Space, Penguin, —, CNN Space, Science Locations: Siberia, East Anglia, United Kingdom, Persian, Mesopotamia, Zayed, Abu Dhabi, Sweden, Denmark, Peru, Machu Picchu, Uganda’s, Stockholm, Western Australia

☆ Finally, an explanation for why it's so frustrating to deal with customer service
▼ + stars: | 2024-07-13 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Corporations absolve their employees of responsibility by delegating decision-making to an algorithm or deferring to company policy. Sorry, it's company policyAccording to Davies, accountability sinks emerged over the past decades of privatization and technological innovation. In addition, middle management and customer service jobs were cut or outsourced as corporations prioritized profits, optimizing costs, and delivering strong quarterly earnings. It often looks like a customer service representative working within a system with limited options to help. Accountability sinks can range from customer service to decision-making at major corporations.

Persons: —, you've, Dan Davies, It's, Davies, Milton Friedman, Ronald Reagan, Margaret Thatcher, Dave Calhoun, there's Organizations: Service, Business, Boeing, CNBC Locations: jtowfighi@businessinsider.com

CNN —At least 71 Palestinians have been reported killed in an Israeli strike on a displacement camp in southern Gaza which Israel said targeted Hamas’ military chief, who was an alleged mastermind of the October 7 attacks. “I cannot describe to you the magnitude of the tragedy,” one resident told CNN. Mohammed Deif – the leader of Qassam Brigades, Hamas’ military wing – was the figure targeted, an Israeli security official told CNN. Palestinians gather near damage caused by an Israeli strike at a tent camp in Al-Mawasi area on Saturday. A 2014 Israel strike killed his wife, seven-month-old son and three-year-old daughter.

Persons: Mohammed Deif –, Qassam, Deif, Khan Younis, Rafe Salama, Mohammed Salem, “, ”, Hammoud, Aida Hamdi, Salama, Trevor Ball, Yoav Gallant, Herzi Halevi, Mohammed Diab Ibrahim al, Masri, El Deif Organizations: CNN, ’, Gaza Health Ministry, Nasser, Boeing, US, Israeli, Shin, Reuters Locations: Gaza, Israel, Al, Kuwait, Khan, Jerusalem, Tel Aviv

☆ Boeing just scored a big win for the 737 Max, but its order delay problem seems to be getting worse
▼ + stars: | 2024-07-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Boeing secured an order for 35 of its 737 Max jets from Aviation Capital Group. However, customers have been warned of further delays to Max deliveries, Bloomberg reported. AdvertisementBoeing secured a notable 737 Max order, but delays to the flagship narrowbody jet appear to be getting worse. Aviation Capital Group, the aircraft leasing unit of Japanese leasing firm Tokyo Century Corp, has ordered 35 Boeing 737 Max jets, it announced Friday. The order includes 16 of the Max 8 and 19 of the Max 10, which is yet to be certified.

Persons: —, Max Organizations: Boeing, Aviation Capital Group, Bloomberg, Service, Tokyo Century Corp, Max, Justice Department, Business

☆ When That Job Promotion Is Really a ‘Glass Cliff’
▼ + stars: | 2024-07-12 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +1 min

When Boeing tapped Stephanie Pope to run its commercial airplanes division in March, positioning her to become the company’s first female chief executive, not all gender equity advocates were celebrating. Examples of the glass cliff abound. When Bed Bath & Beyond was crashing toward bankruptcy, it appointed Sue Gove as its first female chief executive. But some researchers think companies in crisis sometimes turn to women because they are perceived as having the soft skills needed to navigate difficult situations. The glass cliff is also prevalent in other countries and outside the corporate world: in government, sports leagues and at universities.

Persons: Stephanie Pope, Stephanie Linnartz, Armour, Sue Gove Organizations: Boeing, Companies

☆ Airbus launches cost cuts to 'save 2024' after output woes
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +1 min

An Airbus A350-1000 aircraft flies above a mosque during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport on November 14, 2023. PARIS, July 12 (Reuters) — Airbus has launched a program of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after being forced to cut targets for jet production, industry sources said. An Airbus spokesperson declined to comment on internal memos but confirmed the existence of a performance-improvement plan. In the memo, Scherer predicted that Boeing's ongoing corporate and industrial crisis would force Airbus' main rival to "radically change for the better," the sources said. He also drew attention to the steady rise of China as a competitor with strong state backing and a big domestic market.

Persons: Christian Scherer, Scherer Organizations: Airbus, Maktoum International Airport, Boeing Locations: Dubai, Al, Maktoum, PARIS, China

☆ NASA says it has no plans to use SpaceX to rescue two stranded astronauts
▼ + stars: | 2024-07-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewNASA said it has no plans right now to send one of Elon Musk's spacecrafts to rescue two astronauts stranded on the International Space Station. Speaking in a joint NASA-Boeing press briefing on Wednesday, NASA official Steve Stich said there had been "no discussion" about sending a SpaceX Dragon to pick up NASA astronauts Suni Williams and Butch Wilmore, stranded on the ISS aboard Boeing's Starliner spacecraft. The prospect of the astronauts being rescued by SpaceX would be humiliating for Boeing, which is competing with Elon Musk's rocket company to transport astronauts to the ISS. The aviation giant has lagged behind SpaceX, which completed its first crewed mission to the ISS with its Dragon capsule in 2020. Boeing and NASA did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Elon Musk's, Steve Stich, Suni Williams, Butch Wilmore, NASA's, Stich, Elon, we've, Butch, Suni, We've, Starliner, Musk, David Calhoun's Organizations: Service, NASA, Space, Boeing, SpaceX, Business, NASA's Kennedy Space Center, Elon Musk's, Alaska Airlines Locations: Florida, Starliner

☆ A NASA astronaut stuck indefinitely in space due to Boeing's Starliner delays has a 'good feeling' she'll get home safe, but for now she's just floating around
▼ + stars: | 2024-07-11 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

The two NASA astronauts stuck on the ISS remain cheery despite not having a return date yet. "I have a real good feeling in my heart that the spacecraft will bring us home," Suni Williams said. AdvertisementTwo NASA astronauts stuck in space are upbeat and optimistic despite the numerous delays in their return to Earth via Boeing's Starliner. The duo — Suni Williams and Butch Wilmore — arrived at the International Space Station via the Starliner on June 6 after a series of delays that postponed the craft's launch by a month. While they were supposed to stay for only eight to 10 days, they have been stuck on the space station for over a month now, with no return date scheduled.

Persons: Suni Williams, —, — Suni Williams, Butch Wilmore — Organizations: NASA, Service, Space, Business

☆ NASA’s Boeing Starliner test flight astronauts discuss spacecraft problems
▼ + stars: | 2024-07-10 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

CNN —Boeing’s Starliner spacecraft and its crew have been in space for more than a month — much longer than the weeklong stay initially expected. But the two astronauts piloting this historic test mission mostly spoke favorably about the vehicle that carried them to the International Space Station, marking the inaugural crewed flight of the Boeing-built spacecraft. I mean, truly amazing,” Butch Wilmore, one of two NASA astronauts helming this mission, said in a Wednesday news briefing. The pump’s failure “put us in a position where we’d have to store an awful lot of urine,” said Dana Weigel, manager for NASA’s International Space Station Program, before the flight. SpaceX designed its cargo Dragon spacecraft years before its Crew Dragon capsule, while Boeing somewhat started from scratch with Starliner.

Persons: CNN —, there’s, Butch Wilmore, ” Wilmore, Wilmore, Hurricane Beryl, hasn’t, Williams, Steve Stich, “, ” Stich, Sunita Williams, Wilmore —, Wilmore’s, ” Williams, ”, Mark Nappi, ” Nappi, Dana Weigel, Weigel, “ I’m, Northrop Grumman, Bob Behnken, Doug Hurley, Behnken, Hurley, “ We’ve, Stich, Butch, Suni Organizations: CNN, International, Boeing, NASA, SpaceX, International Space Station, NASA’s, Space Station, Northrop Locations: New Mexico, Cape Canaveral , Florida, Williams

☆ ‘It’s a sweetheart deal.’ Hear outraged families react to Boeing plea agreement
▼ + stars: | 2024-07-10 | by ( Gabe Ramirez | ) edition.cnn.com time to read: 1 min

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☆ NASA Says No Plan to Use SpaceX to Rescue Boeing Starliner Astronauts
▼ + stars: | 2024-07-10 | by ( Kenneth Chang | ) www.nytimes.com time to read: 1 min

For two astronauts supposedly stranded in space, Suni Williams and Butch Wilmore of NASA are certainly enjoying living aboard the International Space Station for an extra month or two. “We are having a great time here on I.S.S.,” Ms. Williams said during a news conference from orbit on Wednesday. She added: “I’m not complaining. Butch isn’t complaining that we’re up here for a couple of extra weeks.”

Persons: Suni Williams, Butch Wilmore, ” Ms, Williams, I’m, Butch isn’t, ” Organizations: NASA, Space Station

☆ CNBC Daily Open: Fed's Powell says high rates could hurt growth
▼ + stars: | 2024-07-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury note rose even as Powell said progress had been made on inflation. Growth in jeopardyPowell warned that keeping interest rates high for too long could harm economic growth. Mainland China's CSI 300 was little changed as consumer price inflation rose less than expected and producer prices fell, raising concerns about deflation in the world's second-biggest economy.

Persons: Inching, Jerome Powell, KeyBanc, Apple, Powell, Joe Biden, NATO's, Putin, Biden, Max Organizations: CNBC, Nasdaq, Nvidia, Dow Jones Industrial, Russia, Patriot, Boeing, China's CSI, Bank of America Locations: intraday, Ukraine, U.S, Germany, Romania, Netherlands, Italy, Asia, China, Pacific, South

☆ Watch: Boeing plane aborts takeoff after multiple blown tires
▼ + stars: | 2024-07-10 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

☆ A new US-Swedish bomb may have already been pulled from Ukraine because it's useless against Russian jamming
▼ + stars: | 2024-07-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewA new precision-guided US weapon has been pulled from use by the Ukrainian military because Russia is taking them out using electronic warfare, according to reports. This story is available exclusively to Business Insider subscribers. It's one of a number of precision-guided US weapons that Russia has been able to neutralize or reduce the effectiveness of using electronic warfare in Ukraine. Russian electronic warfare units have blunted the effectiveness of HIMARS-fired Guided Multiple Launch Rocket Systems and air-launched Joint Direct Attack Munitions. In Ukraine, old-school artillery shells that aren't vulnerable to electronic warfare are playing a major role in the war of attrition on the front lines.

Persons: —, Business Insider's Mia, Bill LaPlante, they'll Organizations: Service, Wall Street Journal, Boeing, Saab, Business, Defense, Reuters, Systems, Attack Munitions, BI Locations: Russia, Swedish, Ukraine, Crimea, Russian, North Korea

☆ NASA still expects Boeing's Starliner to return astronauts from ISS, but notes SpaceX backup option
▼ + stars: | 2024-07-10 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

With NASA astronauts docked at the International Space Station far longer than planned, the agency's leadership on Wednesday acknowledged potential alternatives to Boeing's Starliner for returning the crew to Earth. Still, the Boeing's spacecraft remains the primary option for returning crew, officials said. Starliner has now been in space 36 days and counting as the agency and Boeing perform additional testing in New Mexico before clearing the spacecraft to return. The mission is the first time Starliner is carrying people, flying NASA astronauts Butch Wilmore and Suni Williams. "[But] there's really been no discussion with sending another Dragon to rescue the Starliner crew," Stich added later.

Persons: Butch Wilmore, Suni Williams, Neil A, Starliner, Steve Stich, Butch, Suni, Stich –, Stich, " Stich Organizations: NASA, Boeing, Armstrong Operations, Kennedy Space Center, Cape Canaveral Space Force, SpaceX Locations: Florida, New Mexico, Starliner

☆ Why the Fed is stressed about presidential elections
▼ + stars: | 2024-07-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Federal Reserve Chair Jerome Powell sent investors mixed messages on Tuesday during his semiannual testimony to Congress. Powell is stressed about the election: Powell was asked by multiple senators about White House politics, which he dodged. While the Fed head noted that policy decisions are data dependent, “elevated inflation is not the only risk we face,” he said. The September Fed meeting will be “live”: Powell noted multiple times that every Fed policy decision is made “live” using the latest available economic data – in other words, decisions aren’t made in advance. About 75% of investors think the Fed will cut rates, and about 25% think they’ll remain the same.

Persons: Jerome Powell, Powell, “, Donald Trump, reappoint Powell, ”, Joseph Brusuelas, Trump, Gregory Daco, Chris Larkin, Morgan Stanley, Larkin, don’t, aren’t, David Rubenstein, he’ll, Airbnb, Isabelle Chapman, Majlie, Puy Kamp, Audrey Ash, Chris Isidore . Organizations: CNN Business, Bell, New York CNN — Federal, White, “, Reserve, RSM, Federal Reserve, US Consumer, Treasury, Fed, Economics, Washington DC, Jackson, CNN, Boeing, Alaska Airlines Locations: New York, Powell, Washington, Alaska

☆ Benefits of Boeing's 737 Max production overhaul to show later in the year, says analyst
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBenefits of Boeing's 737 Max production overhaul to show later in the year, says analystBen Tsocanos, airlines director at S&P Global Ratings, discusses Boeing's credit ratings and recent deal with fuselage maker Spirit AeroSystems.

Persons: Ben Tsocanos

☆ NASA astronauts describe flight aboard Boeing's glitching, leaking Starliner spaceship
▼ + stars: | 2024-07-10 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Read previewNASA astronauts Suni Williams and Butch Wilmore have been on the International Space Station way longer than they'd planned. The duo flew into space aboard Boeing's Starliner spaceship, testing it out as its first-ever human passengers, on June 5. Boeing's Starliner spaceship, which Williams and Wilmore flew on, docked to the space station 262 miles above Egypt. Still, when it came time to dock to the space station, where there were only a few inches of room for error, the spaceship did the job. It's been flying people to and from the space station ever since.

Persons: —, Suni Williams, Butch Wilmore, They've, Williams, Wilmore, he's, Starliner, We've, It's, we've Organizations: Service, NASA, Business, Boeing, ISS, Boeing troubleshoot, Wednesday, Engineers, SpaceX Locations: Egypt, New Mexico, Wilmore

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