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AdvertisementPresident-elect Donald Trump has started making picks for key cabinet positions and other White House jobs. He started by naming Susie Wiles his chief of staff, making her the first woman to hold the role. Here's a running list of those Trump has tapped for his administration. Now that President-elect Donald Trump has secured another four years in the White House, he's beginning to staff his administration. AdvertisementHere's a running list of Trump's staff picks, who will determine everything from his daily schedule to the ins and outs of finance, defense, and education.
Persons: Donald Trump, Susie Wiles, Here's, Trump, Trump's, Matt Gaetz Organizations: White Locations: Florida
AdvertisementSix tourists who died in Laos are believed to have consumed tainted drinks. Several tourists who died in Vang Vieng, Laos are believed to have drunk tainted alcohol. The Australian Broadcasting Corporation wrote that local authorities in Laos were investigating the case and trying to ascertain where the tainted alcohol came from. It is unclear how the other four tourists could have come into contact with tainted alcohol. November 22, 2.30 a.m. — This story was updated to include comments from the Australian Department of Foreign Affairs and Trade.
Persons: Brit, Holly Bowles, Anthony Albanese, Bowles, Bianca Jones, Simone White, Toan, Nana backpacker, Médecins, Vang Vieng Organizations: Brit, US State Department, Australian, Denmark's Ministry of Foreign Affairs, CNN, Australian Broadcasting Corporation, Associated Press, BBC, US Centers for Disease Control, British Foreign Office, Danish Ministry of Foreign Affairs, Business, Australian Department of Foreign Affairs, Trade Locations: Laos, Danes, Vang Vieng, Thailand, British, London, Asia, Indonesia, Singapore
The CEO also spoke with President-elect Donald Trump about the impact of his potential tariffs. Boeing's CEO Kelly Ortberg has a stern warning for his staff — stop squabbling and get to work. During the meeting, Ortberg also told staff not to "sit at the water cooler and bitch about people," per The WSJ's transcription of the recording. AdvertisementThe WSJ also reported that Ortberg has spoken with President-elect Donald Trump about the impact of potential tariffs on Boeing. Ortberg told staff that a potential trade war with China might impact the company's plane exports to Chinese airlines.
Persons: Kelly Ortberg, Ortberg, Donald Trump Organizations: Airbus, WSJ, Boeing, Business Insider, Trump, Seattle Times, Society of Professional Engineering Employees, Aerospace, . Aviation, Avia Solutions, Max Locations: Boeing's hourlong, China, Washington, Oregon
AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants, like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.
Persons: Pristina Mok, Odette, Mok, Aditi Bharade, Lionel Lim, Aditi Bharade Mok, , hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Singapore, Hokkaido
AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.
Persons: Pristina Mok, Odette, Aditi Bharade, Mok, Lionel Lim, Aditi Bharade Mok, , hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Hokkaido
AdvertisementAirbnb is planning to host gladiator fights in Rome's Colosseum. Some local lawmakers, meanwhile, aren't happy about Airbnb's event idea. Airbnb is attempting to kick off gladiator fights in Rome's historic Colosseum after 2,000 years, but local lawmakers in the Italian city are not impressed. The event is happening because of a $1.5 million tie-up between Airbnb and the Colosseum Archaeological Park, per CNN. However, some local lawmakers are not pleased.
Persons: Airbnb, Paul Mescal, Pedro Pascal, Denzel Washington, Tfilmvie, Lucius, Ridley Scott, Massimiliano Smeriglio, Smeriglio, Enzo Foschi, Foschi, Democratic Party of Rome didn't Organizations: CNN, Denzel, Airbnb, Democratic Party of Rome, Business Locations: candlelit, Airbnb, Rome, Barcelona, Spain, Portugal, Amsterdam
AdvertisementChina's KFC and Pizza Hut CEO said that she sits and watches her customers eat. Joey Wat, the head of KFC and Pizza Hut in China, has an unusual approach to designing new products: She sits in restaurants for hours, watching her customers eat. Wat is the CEO of Yum China, the company that owns KFC, Taco Bell, Pizza Hut, and other fast-food brands in the country. According to Yum China, KFC is China's most popular fast-food chain, with over 11,000 outlets in the country. Representatives of Yum China didn't respond to a request for comment from Business Insider.
Persons: Jason Buechel, LVMH's Bernard Arnault, Joey Wat, Wat, Fortune, Sam Walton, Laxman Narasimhan, foodie, Buechel, Bernard Arnault, Celine, Louis Vuitton, Christian Dior, Alexandre Arnault Organizations: Pizza, KFC, Yum, Taco Bell, Global, New York City, Walmart, Starbucks, Foods, Tiffany, Bloomberg, Business Locations: China, Yum China, New York, Austin
Temu was the most downloaded app by Gen Z in the US in the first 10 months of 2024. AdvertisementAmerica's Gen Z is really here for Temu. The Chinese online marketplace was the most downloaded app by Gen Zers in the first 10 months of the year. "Gen Z values a highly curated shopping experience that delivers both variety and convenience at accessible price points," Whaley said. Gloria Gan, a lifestyle analyst at the UK-based market research firm Mintel, said Temu is making inroads with Gen Z because of the generation's "tech-savviness and frequent online shopping habits."
Persons: Temu, Gen Z, , Gen Zers, Zers, TikTok, Jim Whaley, Whaley, Gloria Gan, Gen, Gan Organizations: Service, PDD Holdings, Daxue Consulting, Business, Amazon Locations: China, York
The Labubu and Pop Mart phenomenonLabubu dolls at the opening of a Pop Mart store in Bangkok. AdvertisementIn a statement to BI, a representative from Pop Mart said that Labubu has gained a strong global fan base. Advertisement"There's a bit of a 'FOMO' feeling," said Sim, 31, who owns around six Labubu toys. She has around 17 Labubu toys and said she spent over $10,000 on them. Once, she even camped outside a Pop Mart store for the latest drop.
Persons: , Grace Lee, Lee, , Joey Khong, Khong, Bangkok . Sun Weitong, Lung, it's restocked, Tony Lee, Mart doesn't, Taobao, Erin Liam, Lisa, Juda, Kanaprach, Gen Zers, They're, Labubu, It's, Sim Pei Yi, Sim, Ana Gonzales, she's, Gonzales, Tracy Hsu, Lisa —, Hsu Organizations: Service, Getty, Business, Pop, Pop Mart, Daxue Consulting, Southeast, Insight, Singapore, Mart Locations: Asia, Bangkok . Sun, Xinhua, Hong Kong, Beijing, Singapore, Pop, Southeast Asia, Japan, South Korea, China, Philippines, New Jersey, California, Canada
Lichtman, who has accurately predicted nine elections to date, called a Harris win in September. He said he's received death threats and that there were two break-in attempts on his home. AdvertisementAllan Lichtman, the history professor who correctly predicted nine of the last 11 presidential elections, said he's received death threats after wrongly predicting 2024's results. Lichtman predicted a win for Vice President Kamala Harris over her opponent, former President Donald Trump, in September. "We've faced death threats, doxxing, swatting and intimidation at our doorstep.
Persons: Allan Lichtman, Lichtman, he's, , Kamala Harris, Donald Trump, We've, Harris Organizations: Harris, Service, American University, Washington, DC Metropolitan Police Department, Business, YouTube, The New York Times, Trump, Republican
Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.
Persons: , Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States
The Calm app bought some prime advertising space on election night. It bought ad blocks on CNN, ABC, and Comedy Central to give viewers "30 seconds of silence." "I give this campaign an A+," said Pauline Brown, a marketing professor at Columbia Business School. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The advertisement involved a video with the message: "We bought this ad space to give you 30 seconds of silence.
Persons: Pauline Brown, , Donald Trump, UVCEWlOqpB — Dean Phillips, Americus Reed, Reed, Joe Biden Organizations: CNN, ABC, Comedy Central, Columbia Business School, Service, The Wharton School, Trump
And the mood at the Mar-a-Lago and Howard University watch parties could not have been more different. AP Photo/Evan VucciThe mood was more somber at the Howard University watch party. AdvertisementSupporters reacting after it was announced early Wednesday morning that Kamala Harris wouldn't speak at the election-night watch party at Howard University. Supporters of Harris leaving the election-night watch party at Howard University after it was announced that she wouldn't speak there that night. AP Photo/Ben CurtisSelina Wang, an ABC journalist present at the Howard watch party, posted a video of the scene at the university past midnight on X.
Persons: Donald Trump, Kamala Harris, Howard University's, , Elon Musk, Dana White, Trump, Musk, Bea, Curt, elina, lina, orth Organizations: Palm Beach Convention, Service, Howard University, Mar Locations: Palm Beach, Pennsylvania
Amazon's customers are buying cheap products, the retailer's top execs said in its Thursday earnings call. Amazon reported a strong third quarter, beating earnings expectations. While these items "often have a lower average selling price," Olsavsky said that these buying patterns are still a net positive for Amazon. Representatives for Amazon did not respond to a request for comment from Business Insider, sent outside business hours. Its net sales for the quarter hit $158.9 billion, outperforming analyst expectations of $157.3 billion.
Persons: execs, , we're, Andy Jassy, Brian Olsavsky, Olsavsky, Jassy, Wells Fargo Organizations: Service, Amazon's, Amazon, Business Locations: North America
The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3. Reddit's third-quarter revenue soared 68% to $348.4 million from a year ago, comfortably beating analysts' expectations of $312.8 million. This positive net increase was consistent with its second-quarter results, during which the platform saw a 51% increase in daily active users globally. Elon Musk's X reported 1.6% growth in daily active users in 2024's second quarter, per the FT. The daily active users on all of Meta's platforms combined, which include Facebook, Instagram, and Threads, increased by 7%, according to its second-quarter earnings report.
Persons: , Steve Huffman, Huffman, Reddit, AMAs, Elon Musk's, Jefferies, RDDT Organizations: Service, Analysts, Global, Elon, Facebook, New York Stock Exchange Locations: Spanish
The CEOs of Southwest Airlines and American Airlines both want Boeing to deliver planes on time. "Boeing has been a great partner for the whole 53 years of Southwest Airlines, but we need Boeing to be strong. Southwest's fleet consists of 228 Boeing 737 Max 8s, 381 Boeing 737-800s, and 207 Boeing 737-700s, according to aviation website FlightRadar24. Southwest reported earlier this year that it expected to receive around 20 Boeing 737 Max 8. The manufacturer announced on Monday that it is offering 90 million common shares and about $5 billion worth of depositary shares for sale.
Persons: , Bob Jordan, Robert Isom, Jordan, it's, Isom, they're, We've, he's, Kelly Ortberg, Goldman Sachs, JPMorgan Chase Organizations: Southwest Airlines, American Airlines, Boeing, Service, Southwest, Yahoo Finance, Max, CNBC, Alaska Airlines, SEC, Bank of America, Citibank, JPMorgan, Business
A vintage expert with 20 years of experience says there are telltale signs to spot a fake Hermès Birkin. Here's what to look out for when picking out a vintage Birkin. I've learned strategies that help me identify specific things about luxury bags, from their model to configuration, just by looking at a piece. Here are tips on detecting if the vintage Birkin you're eyeing is authentic. Edward Berthelot/Getty ImagesIf you have a Hermès Birkin, you will know that the way the leather is treated gives it an almost perfumed smell.
Persons: Birkin, , Koyaana Redstar, Louis Vuitton, Chanel, I've, Kelly, Hermès, Counterfeiters, Hermès Birkin, Dario Cantatore, they've, That's, Birkin suede, Edward Berthelot Organizations: telltale, Service, Luxe, eBay, Rebag Locations: Los Angeles, New York, Hermès
Boeing is looking for a $19 billion boost
  + stars: | 2024-10-28 | by ( Aditi Bharade | Pete Syme | ) www.businessinsider.com   time to read: +3 min
Boeing is looking to raise nearly $19 billion to combat its lack of cash. It comes after Boeing reported a net loss of $6.1 billion in the third quarter. AdvertisementBoeing needs cash, and it's trying to raise almost $19 billion as the company looks to boost its liquidity. The planemaker announced Monday that it is offering 90 million common shares and about $5 billion of depositary shares for sale. Last Wednesday, Boeing reported a net loss of $6.1 billion in its third-quarter earnings.
Persons: , Goldman Sachs, Max, Dave Calhoun, Ron Epstein Organizations: Boeing, Alaska Airlines, Service, planemaker, Bank of America, Citibank, JPMorgan Chase, Alaska Airlines Boeing
Fenty Beauty is releasing a collaboration with Netflix's hit animated series "Arcane." "Fenty Beauty x Arcane: The Legends Vault" is schedule for release on November 2 and is priced at $250. AdvertisementRihanna's Fenty Beauty is making a big bet on nerdworld, collaborating with Netflix's "Arcane" for its new "Fenty Beauty x Arcane: The Legends Vault" collection. According to Fenty Beauty's website, the collaboration vault is meant to showcase how "glam + animation collide." Representatives for Netflix, Riot Games, and Fenty Beauty didn't respond to requests for comment from Business Insider, sent outside business hours.
Persons: Netflix's, , Fenty, Mel, Riche, I've, Arcane, Priscilla Ono, Ono, Kiahna Manker, Roblox, Rihanna, Lush, It's, Vox, greenlighting Organizations: Service, Riot, League of, Products, Games, Netflix, of, Korean, Adidas, London's O2 Arena, BiliBili, Video, Riot Games, Business Locations: Paris, Wembley
A judge has granted a preliminary injunction to halt the merger between Tapestry and Capri Holdings. Following the ruling, on Thursday, Capri's stock plunged 45% in after-hours trading. AdvertisementVersace's parent company, Capri Holdings, suffered a steep loss in after-hours trading on Thursday after a federal judge blocked its proposed merger with Tapestry, the parent of fashion brands Kate Spade and Coach. Following the court order, Capri's stock was down 45% in after-hours trading on Thursday. AdvertisementRepresentatives of the FTC, Capri Holdings, and Tapestry didn't respond to a request for comment from Business Insider sent outside business hours.
Persons: Versace, , Kate Spade, Jennifer Rochon, Rochon, Capri, Capri's Versace, Jimmy Choo, Michael Kors, Stuart Weitzman, Henry Liu Organizations: Capri Holdings, Service, of, Federal Trade, FTC, Appeals, Capri, Tapestry's, Competition, New York Times, Business Insider Locations: Southern, of New York, agency's
Gucci had a challenging third quarter partly due to its Asia Pacific slump, per Kering's latest earnings call. AdvertisementGucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market. According to a third-quarter revenue infographic by Kering, sales in the Asia Pacific region were down 38% compared to the previous year. According to Kering, Gucci saw a 7% increase in sales in Japan in the third quarter compared to the start of 2024. AdvertisementApart from Gucci, Kering's other brand, Yves Saint Laurent, also suffered a loss.
Persons: Gucci, It's, , Henri Pinault, James Grzinic, LVMH, Kering, Amrita Banta, Yves Saint Laurent, Stefano Cantino, Cantino Organizations: Service, Gucci, RBC, Reuters, mojo, Jefferies, Research, Strategy, Business Insider Locations: Asia, China, Asia Pacific, Japan, Europe
Hurricane Milton's estimated damage to Florida's agriculture could go up to $2.5 billion. That's according to estimates from the Florida Department of Agriculture and Consumer Services. AdvertisementHurricane Milton singlehandedly wrecked as much havoc on Florida's agriculture as three other major hurricanes combined, according to new estimates from the state's agriculture department. The commodities affected by hurricane damage include animal products, citrus and non-citrus fruit farming, field crops, greenhouses, and vegetable farming, per the damage assessment. Representatives of Florida's Department of Agriculture didn't respond to a request for comment from Business Insider, sent outside business hours.
Persons: Idalia, Debby, , Milton, — Helene, Wilton Simpson, Tom Vilsack, Simpson, Hurricane Milton, Hurricane Helene, Helene Organizations: Florida Department of Agriculture, Consumer Services, Hurricanes, Service, Milton, US Department of Agriculture, Department of, Agricultural Statistics Service, National Agricultural Statistics Service, Fitch, Hurricane, Analytics, Moody's Analytics, Florida's Department, Agriculture, Business Locations: Milton, Florida, Florida's
NASA is planning to give the Boeing Starliner another chance. The agency has scheduled two SpaceX launches — Crew-10 and Crew-11 — for 2025. AdvertisementNASA has released the schedule for its commercial launches in 2025, and the Boeing Starliner is slated to get another chance at spaceflight. Advertisement"Meanwhile, NASA is keeping options on the table for how best to achieve system certification, including windows of opportunity for a potential Starliner flight in 2025," it added. The duo are scheduled to return via the SpaceX Crew Dragon in February 2025.
Persons: Starliner, , Anne McClain, Nichole Ayers, Russia's Roscosmos, Butch Wilmore, Suni Williams, Williams, Elon Musk, NASA didn't Organizations: NASA, Boeing, SpaceX, , Service, Japan Aerospace Exploration Agency, International, Station, Starliner, Federal Aviation Administration, FAA, Business Locations: New Mexico
The fast-food chain said it plans to invest $75 million in Singapore over 10 years. AdvertisementChick-fil-A has announced plans for a restaurant in Asia, set to open in Singapore in late 2025. In a press release on Thursday, the fast-food chain said the restaurant's opening is part of a 10-year-long, $75 million investment into Singapore. The brand is also accepting Singaporean applications to be the island's "first independent Chick-fil-A franchise Owner-Operator." And the average Chick-fil-A franchise made $9.4 million in sales that year.
Persons: Tim Hortons, , Anita Costello, Chick Organizations: Singapore —, Shake, Service, Business, Airport, Channel News Asia Locations: Singapore, Asia, Europe, Singapore's, Jewel
A pro-Trump PAC has raised more than $7.5 million in cryptocurrency donations since June. Trump 47 PAC raised the amount in bitcoin, ether, USDC, and other cryptocurrencies, per FEC filings. AdvertisementA political action committee called Trump 47 has raised $7.5 million in cryptocurrency donations for former President Donald Trump's White House bid. According to Federal Election Commission filings on Tuesday, the Trump 47 PAC received donations in bitcoin, ether, XRP, and other cryptocurrencies. But in May, Trump hosted an event in Mar-a-Lago, where he said he would accept cryptocurrency donations for his campaign.
Persons: , Donald Trump's, Cameron, Tyler Winklevoss, Trump, I've, cryptocurrency, bitcoin, he'll, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Elon Musk, Kamala Harris, Mark Cuban, Cuban Organizations: Trump PAC, Trump, PAC, Service, Federal, Records, Liberty, AFP, Fox Business, United, FEC, America, America PAC — Locations: United States, Mar, Nashville
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