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☆ Boeing CEO Kelly Ortberg says the company's staff 'spend more time arguing' than strategizing about how to beat Airbus: report
▼ + stars: | 2024-11-21 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

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

☆ Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. India's Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New York federal court over his alleged involvement in an extensive bribery and fraud operation. The Indian group's flagship firm Adani Enterprises fell 10%, while the company in the eye of the storm Adani Green Energy tanked 17.28%. Adani Energy fell 20%. Adani Power lost 13.81%, Adani Port's share price dropped 10%, while the group's retail arm Adani Wilmar shed 7.87%.

Persons: India's, Gautam Adani, Adani, Sagar Adani, Ranjit Gupta, Rupesh Agarwal, Saurabh Agarwal, Cyril Cabanes, Deepak Malhotra, CDPQ, shortseller, Hindenburg, Raymond James ', Matt Orton Organizations: Adani Defence, Aerospace, Aero, Air Force, India's Adani, Adani Enterprises, Energy, Adani Energy, Adani Power, NSE, Adani Green Energy, Power, Quebec, U.S, Hindenburg Research, CNBC Locations: Bengaluru, India, New York, U.S, Brooklyn

☆ Trump’s turn to bask in Musk’s reflected glory
▼ + stars: | 2024-11-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Musk, the Tesla and SpaceX visionary, has spent the last two weeks basking in Trump’s reflected glory at Mar-a-Lago. He’s around so much it’s almost like he’s family, and he even made it into a photo of Trump’s extended clan. Trump’s growing cultural cloutTrump’s visit to Musk’s launchpad was also the latest occasion since the election when he has inserted himself into high-profile photo-ops. The hit perhaps reflects Trump’s starry-eyed infatuation with Musk’s amazing array of spaceships and limitless ambition. With Musk, Trump might get more than he bargained for.

Persons: Donald Trump, Elon Musk, Robert F, Kennedy Jr, —, “, ”, Trump, Rushmore, Donald Jr, Texas Sen, Ted Cruz, Ronny Jackson, Musk, it’s, ” Trump, Greg Autry, Vivek Ramaswamy, Chandan Khanna, It’s, Kena Betancur, Joe Rogan, Theo Von, Musk’s launchpad, who’s, Anna Moneymaker, Kim Jong Un, MAGA, Elton John, DOGE, Andrew Harnik, Tim Pawlenty, CNN’s Erin Burnett, “ Trump, Volodymyr Zelensky, Emmanuel Macron, Kim Organizations: CNN, Elon, SpaceX, Texas, White, Trump, University of Central, of Government, Fox News, Tesla, UFC, Madison, Getty, YouTube, Barstool Sports, Republican Party, House Republicans, Hyatt, Minnesota Gov Locations: Texas, Washington, New York, Great State of Texas, He’s, Trump, Gulf of Mexico, United States, University of Central Florida, AFP, Novi , Michigan, Korean, Washington ,, Mar, Minnesota, Russia, Paris

☆ Why the West's vital undersea cables are so vulnerable to attack
▼ + stars: | 2024-11-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The vast networks of data cables that crisscross our world's oceans are crucial for almost every aspect of modern life. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetDespite their importance, events this week have highlighted just how vulnerable the West's internet subsea cables are to attacks from hostile powers. Unlike Russia, whose internet cables mostly run overland, the cables Western countries rely on are deep under the sea — and it's an asymmetrical vulnerability Russia is signaling it could exploit. AdvertisementIn response to the threat, Western countries are trying to better protect existing cable networks or route data through satellites if they are disrupted. In the CSIS report in August, Murphy and other analysts called for the US to strengthen international coordination and enhance resources to protect existing undersea cable networks.

Persons: Boris Pistorius, Gregory Falco, KIRILL KUDRYAVTSEV, Falco, Erin Murphy, Sidharth, Murphy, Sybille Reuter, Henri Kronlund Organizations: German, Financial Times, Sibley School of Mechanical, Aerospace Engineering, Cornell University, Getty, AIS, Emerging, CSIS, General Staff, Directorate, Cinia, West Locations: Baltic, Russia, China, Germany, Finland, Sweden, Lithuania, Ukraine, Russian, Vladivostok, Western Europe, India, Emerging Asia, Washington ,, London, Iceland

☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

☆ Goldman warns these defense stocks could take a hit from Trump spending cuts
▼ + stars: | 2024-11-19 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Shares of some aerospace and defense companies could fall under added pressure from President-elect Donald Trump's reduced government spending plans. Goldman is forecasting that the U.S. defense budget will soon flatten out and then decline, partly given that it's at an all-time high and that current geopolitical conflicts could potentially be met with a resolution. "Defense spending cycles up and down over time, and can be vulnerable to efforts to reduce total government spending." Poponak noted that although Trump has expressed broad support for the U.S. military and Department of Defense, any cost-cutting effort could still be a blow for the national defense budget. "Lower defense spending would flow to government IT to some degree.

Persons: Donald Trump's, Goldman, Government Effiency, wouldn't, Noah Poponak, Poponak, Trump, Lockheed Martin, Northrop, Huntington Ingalls, Booz Allen Hamilton Organizations: Government, Department of Defense, DoD, U.S ., Lockheed, Northrop Grumman, L3Harris Technologies, Huntington Ingalls Industries, Northrop, Leidos Holdings, U.S . Aerospace & Defense, Invesco Aerospace & Defense Locations: U.S

☆ Mahn: NVIDIA proves the A.I. revolution is alive
▼ + stars: | 2024-11-18 | 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 EmailMahn: NVIDIA proves the A.I. revolution is aliveKevin Mahn, President & CIO of Hennion & Walsh, is optimistic about the transition to lower interest rates and sees strong potential in U.S. and developed markets. He recommends Lockheed Martin and Howmet Aerospace, expecting growth from rising defense spending.

Persons: Kevin Mahn, Walsh, Lockheed Martin Organizations: NVIDIA, Hennion, Lockheed, Howmet Aerospace

☆ Trump's China tariffs would cut into US defense production, Beijing advisor says
▼ + stars: | 2024-11-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AdvertisementHigh tariffs on China could prevent the US defense industry from getting needed supplies, a Beijing advisor said. "If those military enterprises do not have supply from China, they will not be able to continue with their production." The US defense sector will face big repercussions if Donald Trump launches tariffs against China, an advisor tied to Beijing's government said. AdvertisementTo be sure, it remains to be seen how Trump's tariff ideas actually pan out. So far, the defense sector appears distracted by other developments tied to Trump's presidency.

Persons: Donald Trump, Ding Yifan, Trump, Ding, Greg Hayes Organizations: Defense, State Council's Development Research Center, Financial Times, JPMorgan, Government, P Aerospace Locations: China, Beijing

☆ Traders like the broadening postelection rally, but are getting worried about rising dollar threat
▼ + stars: | 2024-11-18 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. The ICE U.S. Dollar index is currently at a higher level than it was in June of 2022 when Microsoft warned of a stronger dollar impact to earnings. Other multi-national companies including Johnson and Johnson, Estee Lauder and Amazon also warned of the dollar impact that year. "I think the choices are already made to a certain extend," said Ross Mayfield Investment Strategist for Baird Private Wealth Management on Worldwide Exchange.

Persons: Kevin Mahn, Walsh, Steve Sosnick, Johnson, Estee Lauder, Joe Biden, XI Jinping, Xi, Trump, Ross, Mayfield, Mahn Organizations: PRO, Worldwide, Interactive Brokers, ICE, Microsoft, Amazon, Evercore ISI, Economic Cooperation, Ross Mayfield Investment, Baird Private Wealth Management, Worldwide Exchange, Howmet Aerospace, Defense Locations: Hennion, United States, China, Asia, U.S

☆ See the fighter jets, attack drones, and other high-tech military aircraft at China's largest airshow
▼ + stars: | 2024-11-17 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

AdvertisementChina's largest airshow unveils its military's newest fighters and aircraft. Airshow China 2024 featured the debut of its newest fifth-generation stealth aircraft, the J-35A. A number of China's advanced fighter jets and aircraft took to the skies at its largest airshow this week. A day after the PLA Air Force's 75th anniversary, China's largest airshow kicked off with the debut of its newest fifth-generation stealth aircraft, the J-35A. Here are some of the advanced fighter jets and systems that China put on display to show its aerial ambitions.

Organizations: China International Aviation, Aerospace, PLA Air Force's Locations: China, Zhuhai

☆ I pivoted into venture capital at 23 and my life has never been so exciting. Here's my advice for breaking into the industry.
▼ + stars: | 2024-11-17 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

AdvertisementKatie Vasquez landed her first venture capital job at 23 years old. This as-told-to essay is based on a conversation with Katie Vasquez, a 26-year-old investor at Calibrate Ventures based in Santa Monica, California, on her experience working in venture capital. I'm an investor at Calibrate Ventures, an early-stage deep-tech venture capital firm. My advice for other people hoping to get into VC is to leverage your network and stay up to date on the industry. This experience provided a great foundation for thinking more about technical due diligence, tech architecture, and strategy, but moving into investing and venture capital felt like the most exciting path.

Persons: Katie Vasquez, I've, I'm, I'd Organizations: Brown University, Goldman, LA Tech, Synergist, Investor, Business Locations: Santa Monica , California, EY, fintech, Los Angeles, LA

☆ Before politics, JD Vance had a career in venture capital. Here are the startups he's invested in.
▼ + stars: | 2024-11-16 | by ( Madeline Berg | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

JD Vance is a man of many careers: attorney, author, senator, vice president-elect, and, perhaps less well-known, venture capitalist. For about six years between graduating from law school and becoming a United States senator from Ohio, Vance held various positions in the space before eventually starting his own fund, Narya Capital. Vance co-founded Narya Capital in 2019After two years, Vance broke out on his own, cofounding Narya Capital in 2019 with investments from Thiel, former Google CEO Eric Schmidt, and VC veteran Marc Andreessen. According to his vice president and senate disclosure forms, he has a stake in Narya Capital Fund I, Narya Capital Fund II, and Rise of the Rest Seed Fund. AdvertisementHis stake in Narya Capital Fund I is worth between $500,001 and $1 million.

Persons: JD Vance, Vance, doesn't, Peter Thiel's, Steve Case's, Boston —, Thiel, Eric Schmidt, Marc Andreessen, Narya, Vivek Ramaswamy's, Nayra, Luke Schroeder Organizations: United, Narya, Mithril, Narya Capital, cofounding, II, Narya's Capital, US Space Force Locations: United States, Ohio, New York, Silicon Valley, Boston, Narya, ValueBase, PitchBook

☆ Defense tech companies like Anduril hope Trump can streamline military contracts
▼ + stars: | 2024-11-16 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Others in the defense industry are less optimistic. Tech billionaire Palmer Luckey's bet on the defense industry is paying off at Anduril, the drone-making company he founded. AdvertisementSacknoff said that procurement reform in the defense industry is not a new concept and that the Defense Department is always restructuring its contracting process. Richard Aboulafia, managing director at AeroDynamic Advisory, a consulting firm, said that reforming the defense industry will take time. AdvertisementSacknoff said the military defense business is always looking for a "counter" to the newest technology and that the growth of autonomous drones would likely bring more innovations to stop them.

Persons: Palmer Luckey, Anduril, Palmer Luckey's, Donald Trump's, Brian Schrimf, Schrimpf, Scott Sacknoff, Sacknoff, Richard Aboulafia, Abaulafia, DefenseScoop, Tesla, Eric Schmidt, Schmidt Organizations: Tech, Yahoo, Spade, Defense Department, Teledyne, Defense, Google Locations: Anduril, United States, Saudi Arabia

☆ Pentagon received hundreds of new UAP reports, but says no evidence of extraterrestrial activity
▼ + stars: | 2024-11-15 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Of those, 485 UAP reports occurred within that reporting period, and another 272 occurred between 2021 and 2022 but hadn't been included in previous annual UAP reports. Overall, the AARO has received 1,652 UAP reports total as of Oct. 24, 2024. “It is important to underscore that, to date, AARO has discovered no evidence of extraterrestrial beings, activity or technology,” the report said. Of the UAP reports, 81 originated from U.S. military operating areas. Of the new reports, 392 were from the Federal Aviation Administration and make up all of the FAA’s UAP reports since 2021.

Persons: UAPs, hadn't, ”, AARO, Jon Kosloski, ” Kosloski, ” Luis Elizondo, ” Elizondo, Robert Garcia, Garcia, Tim Gallaudet, “, Jon T, Kosloski, it’ll, “ AARO Organizations: Pentagon, Defense, Defense Department, National Intelligence, UAP, U.S . Navy, Ocean, Consulting, Federal Aviation Administration Locations: Congress, U.S, Cape Canaveral , Florida

☆ Norwegian F-35s called into action after Russian aircraft spotted off Norway and over Baltic Sea
▼ + stars: | 2024-11-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

AdvertisementNATO scrambled jets to respond to Russian aircraft "not adhering to international norms" this week. Italy's air force intercepted a Russian Coot-A aircraft over the Baltic Sea, NATO Air Command said. Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, it added. Norwegian F-35s were called into action on Tuesday as NATO scrambled jets in response to Russian aircraft "not adhering to international norms," NATO's Air Command said in a post on X.Italy's air force intercepted a Russian Coot-A plane flying over the Baltic Sea, while the Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, NATO Air Command said. In July, Russian fighter jets scrambled to intercept two US Air Force B-52H bombers approaching Russia's border, the Russian Ministry of Defense said at the time.

Persons: Henrik Omtvedt Jenssen, Jenssen, Lockheed Martin Organizations: NATO, NATO Air Command, Command, Norwegian Armed Forces, NRK, Russian, Royal Air Force, British Ministry of Defence, BBC, Typhoons, US Air Force, Russian Ministry of Defense, Lockheed, Kongsberg Defence, Aerospace Locations: Russian, Baltic, Norwegian, Norway, Russia, State, Kongsberg

☆ Democratic senators call for probe into Musk's Russia calls: Reuters
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

Reports that billionaire Elon Musk has held multiple calls with Russian officials, including President Vladimir Putin, should be investigated by the Pentagon and law-enforcement agencies on national-security grounds, two senior Democratic senators said in a letter seen by Reuters on Friday. Musk, who has been appointed to a senior government role by Republican President-elect Donald Trump, oversees billions of dollars in Pentagon and intelligence-community contracts as CEO of aerospace company SpaceX. Several Democratic lawmakers have publicly called for a probe into Musk's communications with Moscow since a Wall Street Journal report last month on the alleged contact, but the letter to the U.S. officials who could launch such an investigation has not been previously reported. SpaceX, Musk and the Pentagon did not immediately respond to requests for comment. The Pentagon and Justice Department did not immediately respond to similar requests.

Persons: Elon Musk, Donald Trump, Vladimir Putin, Musk, Jeanne Shaheen, Jack Reed, General Merrick Garland, Shaheen, Reed, Trump Organizations: Republican, Pentagon, Democratic, Reuters, SpaceX, Foreign Relations, Senate Armed Services, U.S, White, of Government Efficiency, Justice Locations: Butler , Pennsylvania, Moscow

☆ The International Space Station is leaking. NASA and Russia’s space agency disagree on the risks
▼ + stars: | 2024-11-15 | by ( Jackie Wattles | ) edition.cnn.com time to read: +11 min

CNN —A Russian-controlled segment of the International Space Station is leaking, allowing pressure and air to bleed out. The situation has reached a fever pitch as cosmonauts scramble to patch problem areas and officials from Russia’s space agency, Roscosmos, and NASA disagree about the severity of the problem. Looming space station issuesNASA has contingencies in place for crew safety, but the space agency is also grappling with the fact that the leaking Russian module may pose a threat to the safety and longevity of the space station. In addition to Roscosmos, they include the Canadian Space Agency, European Space Agency and Japan Aerospace Exploration Agency. Still, it’s not clear whether the commercial destinations will be ready before the space station is forced to retire.

Persons: CNN —, “, ”, Bob Cabana, Roscosmos, ” Cabana, Cabana, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, NASA's, Aubrey Gemignani, ” Roscosmos, —, “ We’ve, ” Barratt, “ It’s, Oleg Novitskiy, Barratt —, Dana Weigel, compadres, Barratt, Don Pettit, Pettit, Sunita Williams, Butch Wilmore, Nick Hague, Aleksandr Gorbunov, Jeff Bezos, it’s Organizations: CNN, International, NASA, NASA’s, ISS, SpaceX, NASA's Kennedy Space Center, United, ”, Roscosmos, Space Station NASA, Zvezda, Station, Space Station, Russian Soyuz, Soyuz, SpaceX Crew, Canadian Space Agency, European Space Agency, Japan Aerospace Exploration Agency, Origin Locations: Zvezda, United States, Russia, Florida, Russian

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. This time around, Trump's tariff proposals on Chinese imports could help Amazon in its competition against low-price online sellers Temu and Shein. Salesforce : Not a Trump stock, but it wasn't a Kamala Harris stock either. Constellation Brands : The Mexican beer importer has been punished on fears about what Trump's tariff and immigration proposals could do to its business. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump's, Trump's, Abbott, Trump, Hock Tan, Tan, We'll, it's pricier, Morgan Stanley, Wells, Kamala Harris, Agentforce, That's, Biden, Dover, Eaton's, Elon, Waymo, JD Vance, we've, Linde, that's, Eli Lilly, Robert F, Kennedy Jr, Kennedy, Lilly, Mark Zuckerberg, Zuckerberg, Goldman Sachs, shouldn't, Nextracker, Brian Niccol, Niccol, Stanley Black, Decker, TJ Maxx, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Abbott Laboratories, Abbott Labs, White, Biden, AMD, Trump, Wednesday, Broadcom, VMWare, BlackRock, Costco, Coterra Energy, Coterra, DuPont, Disney, GE Healthcare, GE Aerospace, Google, Honeywell, Elliott Investment Management, Linde, Microsoft, Big Tech, Apple, Meta, Financial Times, Nvidia, Palo Alto Networks, Yum Brands, Taco Bell, Constellation Brands, Management, TJX, Marshalls, Jim Cramer's Charitable Locations: China, India, Missouri, Wells Fargo, BlackRock, Shanghai, Dover, U.S, Palo, HomeGoods

☆ Forget LA and BK: The rural places where young Americans are moving
▼ + stars: | 2024-11-13 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Younger Americans are moving to rural areas, reshaping demographics and economies. Census data shows a shift from cities to rural areas for people ages 25 to 44 since 2020. Instead, they're heading to rural areas. AdvertisementLombard said there's been a surge of young people moving to South Carolina, North Carolina, and Tennessee, oftentimes for work. Even with many companies pushing for mandatory return-to-office policies, younger Americans continued moving to rural communities in 2023 at an accelerated pace.

Persons: —, Z, Hamilton Lombard, Lombard, there's, it's Organizations: Service, University of Virginia, Colorado Rockies, Brooklyn —, Power, nsheidlower Locations: Rural, Los Angeles, Kings County, Brooklyn, South Carolina, North Carolina, Tennessee, Flint , Michigan, Oak, Huntsville, Atlanta, Georgia

☆ A party, a fight, then gunfire: Witnesses to Tuskegee homecoming shooting describe a war zone on campus
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Marquisef_Headshot.Jpg | Marquise Francis | ) www.nbcnews.com time to read: +9 min

As successive gunshots rang out early Sunday morning in a parking lot at Tuskegee University in Alabama, Kierra Talley thought she was going to die. Talley, a junior at Alabama State University, was visiting Tuskegee with friends to celebrate the historically Black college’s centennial homecoming celebration when, she said, chaos erupted. He was not a student at Tuskegee, the university said in a statement. Tuskegee University homecoming weekend in Alabama. The scene of a shooting early Sunday during homecoming weekend at Tuskegee University in Alabama.

Persons: Kierra Talley, Talley, ”, “, La’Tavion Johnson, Mark Brown, Jaquez Myrick, Montgomery, Myrick, It’s, it’s, Tony P, ” Talley, Joaquin Crayton Jr, Crayton, WSFA, ” Crayton, I’m, “ I’m Organizations: Tuskegee University, Alabama State University, Tuskegee, University, NBC, Police, Agency, U.S, Associated Press, FBI, — East Alabama Medical Center, Baptist Medical Center, Tennessee State, Albany State University, Alabama State Locations: Alabama, Montgomery County, Opelika , Alabama, Montgomery, Tuskegee, Nashville, Georgia, ”

HONG KONG — Thirty-five people were killed and another 43 were injured when a driver deliberately rammed his car into a crowd outside a sports center in southern China, police said Tuesday. Police said that Fan was dissatisfied with the division of property after his divorce, according to an initial investigation. The 43 people injured in the incident are now in non life-threatening situation, police said. A central government working group has been dispatched to the site to guide and oversee the response efforts, according to Xinhua. The incident occurred on the eve of the Zhuhai airshow, the country’s largest aerospace trade expo, where the Chinese military displayed an upgraded Z-20 helicopter on Tuesday.

Persons: couldn’t, Fan, Xi Jinping Organizations: Zhuhai Sports Center, Police, Xinhua, Zhuhai Locations: HONG KONG, China, Xinhua

☆ Stocks making the biggest moves premarket: Shopify, Home Depot, Live Nation Entertainment and more
▼ + stars: | 2024-11-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Live Nation Entertainment — Shares jumped 5% after the live music and entertainment company posted an earnings beat for the third quarter. Twilio — Shares moved 1.7% higher following an upgrade at Wells Fargo to overweight from equal weight. IAC — Shares rose 3% on news that IAC its weighing a spinoff of home improvement marketplace Angi. Shares rose more than 4% last week on the heels of the president-elect's victory. SentinelOne — Shares rose 1.6% after Deutsche Bank upgraded shares to buy from hold, saying the July outage related to CrowdStrike can help add to SentinelOne's momentum.

Persons: Elliott, Twilio, bitcoin, Robinhood, Microstrategy, Okta, — CNBC's Hakyung Kim, Michelle Fox, Lisa Han, Sarah Min, Jesse Pound Organizations: Honeywell —, Elliott Management, Honeywell, Aerospace, Automation, IAC, Trump Media & Technology, Deutsche Bank Locations: Wells

☆ Honeywell jumps on activist push for a breakup. Here's our plan for the stock now
▼ + stars: | 2024-11-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The news Activist hedge fund Elliott Management on Tuesday disclosed a more-than-$5 billion stake in Honeywell —arguing the industrial conglomerate should consider a breakup. Elliott's position in Honeywell is its largest ever in a single stock, according to Bloomberg News, which first reported the activist's plans. The crux of Elliott's plan is a separation of Honeywell's aerospace and automation businesses into standalone companies. Honeywell's stock is up nearly 32% over the past five years compared with a 92% gain for the broader S & P 500 . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer isn't, Elliott, Honeywell —, Stacey Jones, Vimal Kapur, Jim, Honeywell, we've, We've, Jim Cramer's, Jim Cramer Organizations: Honeywell, Elliott Management, Bloomberg News, CNBC, Carrier, Wall, Robotics, Honeywell Intelligrated

☆ Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
▼ + stars: | 2024-11-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor Elliott Management has a $5 billion-plus stake in Honeywell , and it is pushing the industrial conglomerate to break itself up into two companies. Elliott managing partner Jesse Cohn and partner Marc Steinberg wrote in a Tuesday letter that "the conglomerate structure that once suited Honeywell no longer does." Elliott believes that dividing Honeywell into two companies could unlock upside of as much as 75% over the next two years. In the past, Cohn and Steinberg wrote, Honeywell's carefully assembled businesses had previously driven "consistent" margin improvements. A Honeywell spokesperson said that the company and its board "acknowledge and appreciate the perspectives of all our shareholders."

Persons: Elliott, Jesse Cohn, Marc Steinberg, Vimal Kapur, Cohn, Steinberg, Honeywell's Organizations: Honeywell, Elliott Management, Aerospace Locations: Morristown , New Jersey

☆ Bonds grab the wheel — plus, more activist news and a profit warning tied to tariffs
▼ + stars: | 2024-11-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

But it shows how the stock market begins to get a little skittish whenever bond yields surge like this. We've seen that dynamic rear its head from time to time during the rise in bond yields that began in September. 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, It's, Elliott, ValueAct, Stanley Black, Decker, Trump, Donald Trump, CyberArk, Jim Cramer's, Jim Organizations: CNBC, ., Morning, Elliott Management, Honeywell, Meta, Management, Mizuho Securities, Club, Spotify, Occidental Petroleum, Skyworks, Jim Cramer's Charitable Locations: Meta, China

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