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☆ Insider Today: America's billionaire hub
▼ + stars: | 2024-10-19 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. European manufacturers are trying to claw back some of the market share of electric vehicles from their Chinese competitors. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Siri, James Bond, Tom Carter, Ram, Fiat —, Leapmotor, Carlos Tavares, Joey Hadden, Jackson, It's, BI's Joey Hadden, Taylor, Chelsea Jia Feng, Taylor Swift, Swift, she'll, Konrad Krajewski, Uber, Priyanka Rajput, Troy Aikman, Anna Kendrick, Jason Segel, Harrison Ford, Peacock, Elisabeth Finch, Rebecca Zisser, We've, grout, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Getty, BYD's, Paris, European Union, Jeep, Fiat, Economic Policy Institute, Target, BI, NFL, Apple, Netflix Locations: London, China, Jackson Hole , Wyoming, York City, Manhattan, LaGuardia, ozina, caked, Patagonia, New York City, New York, Chicago

☆ Making the Case for the Fed: Two Experts Weigh In
▼ + stars: | 2024-09-18 | 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 EmailMaking the Case for the Fed: Two Experts Weigh InRoger Ferguson, Former Federal Reserve Vice Chairman and Rachel Siegel, Washington Post Business Reporter, discuss the upcoming Fed rate decision, debating whether the cut will be 25 or 50 basis points.

Persons: Roger Ferguson, Rachel Siegel Organizations: Federal, Washington, Business

☆ The Apple of One Business Reporter’s Eye
▼ + stars: | 2024-07-31 | by ( Josh Ocampo | ) www.nytimes.com time to read: +1 min

Tripp Mickle, however, focuses on just one company: Apple. Despite having a specific beat, Mr. Mickle’s work still finds a wide audience. “It’s this incredible company that has such influence in our lives,” Mr. Mickle said in an interview. “And it’s a fortress of secrecy.”Before writing for The Times, he dabbled in other topics, including NASCAR for Sports Business Journal, and the tobacco and alcohol industries for The Wall Street Journal. It was during his time at The Journal that Mr. Mickle decided to take a bite of the Apple beat.

Persons: Tripp Mickle, there’s, Mickle, Mickle’s, “, ” Mr Organizations: Apple, Business, The New York Times, The Times, NASCAR, Sports Business, Wall Street Locations: California, Glen Park, San Francisco

☆ Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Bank of America and more
▼ + stars: | 2024-07-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Bank of America — Shares added nearly 1% after the bank reported second-quarter financial results that topped expectations. Earnings came in at 83 cents a share, versus the 80 cents expected from analysts polled by LSEG. PNC Financial Services Group — Shares were flat after the regional bank posted second quarter revenue of $5.41 billion, which was in-line with an LSEG consensus estimate. Charles Schwab — The stock declined more than 3% on the back of its second quarter results. Adjusted earnings of 73 cents per share and revenue of $4.69 billion narrowly topped analysts' estimates for 72 cents earnings per share on $4.68 billion in revenue, according to FactSet.

Persons: Morgan Stanley, Piper Sandler, Joe Biden, Donald Trump, Charles Schwab, —, Yun Li, Jesse Pound, Michelle Fox, Sarah Min, Fred Imbert Organizations: Wall, Bank of America, LSEG, Revenue, PNC Financial Services, Jefferies Locations: Reddit

☆ What’s in Our Queue? Charlotte Day Wilson and More
▼ + stars: | 2024-06-26 | by ( Eshe Nelson | ) www.nytimes.com time to read: 1 min

What’s in Our Queue? Charlotte Day Wilson and MoreI’m an economics and business reporter in the London newsroom of The New York Times. It’s a fascinating but intellectually taxing job, wading through policy and untangling crises. Outside of work I like to escape into culture that feels calming yet reminds me of people’s resilience. Here are five things that I’m enjoying →

Persons: Day Wilson Organizations: London, The New York Times

☆ Axios' Hope King on Roaring Kitty's GameStop livestream: The fun did not win over the fundamentals
▼ + stars: | 2024-06-10 | 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 EmailAxios' Hope King on Roaring Kitty's GameStop livestream: The fun did not win over the fundamentalsHope King, Axios business reporter, joins 'Squawk Box' to discuss Roaring Kitty's livestream on Friday, why he was unable to rally retail traders to his cause, what to make of GameStop's wild rally, and more.

Persons: Hope Organizations: GameStop

☆ TikTok sues U.S. government over ban: Here's what's to know
▼ + stars: | 2024-05-08 | 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 EmailTikTok sues U.S. government over ban: Here's what's to knowSapna Maheshwari, The New York Times business reporter, joins 'Squawk Box' to discuss news of TikTok suing the U.S. government over a new law that would force its Chinese parent company ByteDance to divest the app or face a nationwide ban, how the legal challenge will likely play out, and more.

Persons: TikTok, Sapna Organizations: The New York Times Locations: The

☆ Tell Us: Has Elon Musk’s Behavior Affected How You View Tesla?
▼ + stars: | 2024-04-12 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

Withholding Starlink satellite internet service from Ukraine to prevent a drone attack on Russian forces. Elon Musk’s behavior and public statements have clearly offended many people, especially left-leaning consumers who are the most likely to buy an electric vehicle. As a business reporter who covers Tesla, the company that Mr. Musk is chief executive of, I’m exploring to what extent his public persona is damaging the company’s brand and hurting sales. Or, as Mr. Musk has insisted, do people choose the best car regardless of what the chief executive says and does? If you own a Tesla, are thinking of buying one or have thought about buying one but ultimately chose another brand, I’d like to hear from you.

Persons: Elon, Tesla, Musk Organizations: Biden Locations: Ukraine

☆ House passes TikTok ban: Could the bill pass in Senate?
▼ + stars: | 2024-03-14 | 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 EmailHouse passes TikTok ban: Could the bill pass in Senate? Sapna Maheshwari, The New York Times business reporter, joins 'Squawk Box' to discuss the passage of a House bill requiring China tech giant ByteDance to divest TikTok, how likely the bill will pass in the Senate, the impact of a potential ban, and more.

Persons: Sapna Organizations: Email, The New York Times, TikTok, Senate Locations: The, China

The mini totes are offered in four colors — blue, red, green, and yellow — and they are all in high demand. Videos shared on social media show crowds of customers visiting Trader Joe’s stores hoping to get their hands on one of the highly-coveted mini totes. “Our Mini Canvas Tote Bags certainly sold more quickly than we anticipated,” said Nakia Rohde, a spokesperson for Trader Joe’s. Of course, Trader Joe’s mini totes aren’t the first to become a viral sensation. “We do have more Trader Joe’s Mini Canvas Tote Bags coming,” said Rohde.

Persons: ”, Nakia Rohde, Joe’s, Rohde, Huy, Stanley, Wyatte Organizations: eBay, Facebook, “, AP, Philips Locations: Monrovia , California, Huy Fong, New York

Quality concerns and production slowdowns. Boeing is an American institution that has contributed to the country’s place on the global stage. As business reporters at The New York Times, we have for years been covering Boeing and concerns over the quality of the planes it makes. We want to hear from people who work — or have worked — at Boeing or at companies, government agencies or other organizations that deal with Boeing about what the company is doing wrong or right. We will not publish any part of your submission without following up with you again to get your permission.

Organizations: Boeing, The New York Times, Airbus, Alaska Airlines Locations: American

☆ Investing in Space: How Columbia's fabric tech landed on the surface of the moon
▼ + stars: | 2024-02-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Looking at Intuitive Machines ' Odysseus spacecraft, you may have noticed any one of four fairly visible images: The American flag, NASA logo, Intuitive Machines logo … and a Columbia Sportswear logo. Of course, Columbia wasn't just involved to keep a moon lander comfortable with its jacket liner. "A technology that's good enough to get a lunar spacecraft to the moon, that you can wear in your everyday life? Pioneers in space – I would have never attached that to our company, say, 5 years ago," Boyle added.

Persons: CNBC's Michael Sheetz, Joe Boyle, We've, Boyle, Columbia wasn't Organizations: Columbia, NASA Locations: Columbia

☆ Are You Getting Sticker Shock From Your Electric Bills? We Want to Hear About It.
▼ + stars: | 2024-02-13 | by ( Ivan Penn | More About Ivan Penn | ) www.nytimes.com time to read: 1 min

Upgrades to aging utility equipment and efforts to reduce greenhouse gas emissions have combined to drive up electricity costs across the country, with the national average increasing from one year to the next. As a New York Times business reporter, I have been looking into the impact of the rising costs of electricity on consumer bills. We are planning more stories about the rising cost of energy and how it’s affecting people around the country. What impact are electricity rates having on household budgets? What steps are people taking to lower their bills?

Persons: Madeleine Ngo Organizations: New York Times

As of early Thursday, a vast roster of popular songs were disappearing from the social media platform's library. The complete removal of UMG-licensed music will likely take a few days — but chances are, avid TikTokers are already seeing the effects. Artists will also not be able to post the audio of their UMG-licensed songs on TikTok. “It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters,” TikTok said. Mall stressed the overall consequences of pulling music from social media platforms like TikTok — particularly for younger developing artists.

Persons: —, Taylor Swift, Bunny, Drake —, TikTok, UMG, ”, Andrew Mall, Ariana Grande, Justin Bieber, Billie Eilish, ” UMG, ” TikTok, we're, “, UMG's Virgin EMI Records Ted Cockle, Cockle, Alexandra J, Roberts, SZA, Drake, Billie Eilish —, Jessica Henig, it's, Henig, Michelle Chapman Organizations: Universal, Group, Associated Press, “ Universal, Northeastern University, UMG, Universal Music, UMG's Virgin EMI Records, Music Management, ”, Associated, Virgin EMI, AP Locations: UMG, New York

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicThe era of hybrid work has spawned a new kind of office culture — one that has left many workers less connected and less happy than they have ever been. Emma Goldberg, a business reporter covering workplace culture for The Times, explains how mixing remote and office work has created a malaise, as workers confront new challenges and navigate uncertainty, and employers engage in a wave of experiments.

Persons: Emma Goldberg Organizations: Spotify, The Times

☆ Judge halts TikTok ban in Montana: What happens next
▼ + stars: | 2023-12-04 | 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 EmailJudge halts TikTok ban in Montana: What happens nextSapna Maheshwari, The New York Times business reporter, joins 'Squawk Box' to discuss a federal judge's decision to block Montana's statewide ban on TikTok from taking effect, the battle over surveillance and privacy, why advertisers haven't left the social media platform, and more.

Persons: haven't Organizations: The New York Times Locations: Montana, The

☆ Trefor Moss — Reporter at The Wall Street Journal
▼ + stars: | 2023-12-03 | by ( Trefor Moss | ) www.wsj.com time to read: 1 min

Trefor MossTrefor Moss is a reporter in The Wall Street Journal’s corporate bureau in London, where he covers Europe’s big retailers, including Adidas, H&M, IKEA and Inditex. Prior to joining the U.K. team, Trefor spent most of his career as a foreign correspondent in Asia. He joined the Journal in Hong Kong, where he previously ran his own media company, before moving to Manila to cover regional politics and security. He subsequently worked in the Journal’s Shanghai bureau, where he covered business in China. Trefor began his career as a business reporter in London and is a graduate of the University of Oxford.

Persons: Trefor Moss Trefor Moss, Trefor Organizations: Adidas, IKEA, Inditex, U.K, University of Oxford Locations: London, Asia, Hong Kong, Manila, Shanghai, China

☆ Katherine Blunt — Reporter at The Wall Street Journal
▼ + stars: | 2023-11-28 | by ( Katherine Blunt | ) www.wsj.com time to read: 1 min

Katherine BluntKatherine Blunt has covered power, renewable energy and utilities for The Wall Street Journal since 2018 and is based in San Francisco. Much of her work has focused on wildfires, drought and other challenges facing utilities in the West. Her coverage of PG&E was a finalist for the 2020 Pulitzer Prize for National Reporting and earned a Gerald Loeb award, the highest honor in business reporting. She is the author of “California Burning: The Fall of Pacific Gas and Electric and What it Means for America’s Power Grid.” Prior to joining the Journal, Katherine was a business reporter at the Houston Chronicle. Before that, she covered transportation for the San Antonio Express-News.

Persons: Katherine Blunt Katherine Blunt, Gerald Loeb, Katherine Organizations: Wall Street, National, “, Pacific Gas and, Houston Chronicle, San Antonio Express Locations: San Francisco, West, “ California

Leslye Davis and“DealBook Summit” includes conversations with business and policy leaders at the heart of today’s major stories, recorded live at the annual DealBook Summit event in New York City. As the annual DealBook Summit approaches, the DealBook founder and Business reporter Andrew Ross Sorkin looks back at the highlights from last year’s summit, including his interview with the former FTX chief executive Sam Bankman-Fried. The collapse of FTX cascaded in November 2022, culminating in a Chapter 11 bankruptcy filing. Bankman-Fried’s lawyers had advised him not to speak to the press, but he called in to the DealBook Summit from the Bahamas anyway, and delivered his first interview since news of the scandal broke almost a month earlier.

Persons: Leslye Davis, Andrew Ross Sorkin, Sam Bankman, cascaded Locations: New York City, Bahamas

One-litre bottles of extra-virgin olive oil are selling for as much as 14.5 euros ($15.77) in some supermarkets, propelling olive oil into the category of products retailers fit with security tags, alongside spirits, cosmetics and appliances. "Olive oil has become an ideal product for them to steal." STC, a Spanish company providing anti-theft solutions to retailers, saw a 12-fold increase in orders this summer from supermarkets for devices to protect olive oil bottles, managing partner Salvador Canones told Reuters. Spanish police have also uncovered thefts of olive oil from mills and in October arrested two people as part of an investigation into the theft of 56 tonnes of extra virgin olive oil. Among the world's biggest consumers of olive oil, they have already significantly cut back: sales volumes of extra-virgin olive oil fell by 17% in the 12 months to September, according to NielsenIQ.

Persons: Jon Nazca, Ruben Navarro, Navarro, Tu, " Navarro, Salvador Canones, Corina Rodriguez, Helen Reid, Elaine Hardcastle Organizations: REUTERS, Rights, Tu, STC, Reuters, Spanish, Thomson Locations: Olive, Malaga, Spain, Rights MADRID, Spain's Andalucia, Carrefour, Madrid, Spanish

☆ Spread of antisemitism online: Osama bin Laden letter goes viral on TikTok
▼ + stars: | 2023-11-17 | 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 EmailSpread of antisemitism online: Osama bin Laden letter goes viral on TikTokSapna Maheshwari, The New York Times business reporter, joins 'Squawk Box' to discuss videos on TikTok supporting a decades-old letter by Osama Bin Laden surging in popularity this week, how the algorithm on TikTok differs from other social media platforms, and more.

Persons: bin, Osama Bin Laden Organizations: The New York Times Locations: The

[1/5] Several volunteers give Spanish classes to migrants outside the Las Raices Camp in La Laguna, Spain, November 5, 2023. The mix-up shows just how overwhelmed the Spanish archipelago is, Canary Islands president Fernando Clavijo told Reuters, after a record 32,000 migrants came so far this year. At Tenerife's Las Raices adult migrants' centre in San Cristobal de La Laguna, Camara and his friend from the voyage, 16-year-old Modou Lamin Jarju from Gambia, sat around with dozens of other west Africans. Reuters GraphicsOne of the most strained of the eight Canary Islands is El Hierro, its population of 9,000 more than matched by the arrival of 11,000 migrants this year. At its largest minors' centre on a recent day, some 300 children ate breakfast on a basketball court before Spanish lessons.

Persons: Borja Suarez, Moussa Camara, Camara, Classing, Fernando Clavijo, Fran Morenilla, Salaoum Colley, Amparo Morales, Clavijo, El Hierro, Corina Pons, Horaci Garcia, Charlie Devereux, Andrew Cawthorne Organizations: REUTERS, CRISTOBAL, LA LAGUNA, Reuters, Reuters Graphics Reuters, Las, Amnesty, Canaries, San Cristobal de La Laguna, Camara, Thomson Locations: La Laguna, Spain, Guinea, Europe, Islands, Spanish, Almeria, Canary, San Cristobal de La, Jarju, Gambia, El Hierro, European Union, Africa, Senegal

REUTERS/Arriana McLymore/File Photo Acquire Licensing RightsMADRID/LONDON, Oct 25 (Reuters) - Zara owner Inditex (ITX.MC), the world's biggest clothing retailer, has agreed to buy recycled polyester from U.S. start-up Ambercycle, the companies said on Wednesday. As fast-fashion retailers face pressure to reduce waste and use recycled fabrics, Inditex is spending more than 70 million euros ($74 million) to secure supply of Ambercycle's recycled polyester made from textile waste. Under the offtake deal, Inditex will buy a "significant" portion of Ambercycle's production of recycled polyester, which is sold under the brand cycora, over three years. Textile-to-textile polyester recycling is in its infancy, though, and will take time to reach the scale required by global fashion brands. The Ambercycle deal marks the latest in a series of investments made by Inditex into textile recycling start-ups.

Persons: Arriana, Inditex, Zara Athleticz, Javier Losada, Corina Pons, Helen Reid, Cynthia Osterman, David Holmes Organizations: REUTERS, Infinited, Thomson Locations: Zara's Soho, New York City, U.S, MADRID, LONDON, Zara, Los Angeles, Circ, Spain

But bitcoin fell sharply after a Fox Business reporter said on the social media platform X that BlackRock denied the report. loadingBlackRock later confirmed to Reuters that "the iShares Bitcoin ETP application is still under review by the SEC." "Crypto markets have just shown how sensitive they are to any potential good news, with their premature rally today on rumors of the approval of a spot bitcoin ETF," said Ben Laidler, global markets strategist at eToro. Crypto markets have been awaiting news on several pending spot bitcoin ETF applications, which, if approved, are widely expected to drive investment in the sector. The SEC has denied all spot bitcoin ETF applications on the grounds applicants have not shown they can protect investors from market manipulation.

Persons: Dado Ruvic, bitcoin, Ben Laidler, Joseph Edwards, Lucas Kiely, Tom Wilson, Elizabeth Howcroft, Hannah Lang, Suzanne McGee, Tommy Reggiori Wilkes, Sharon Singleton, Josie Kao Organizations: REUTERS, BlackRock, U.S . Securities, Exchange Commission, Fox Business, Reuters, SEC, Securities, Columbia, Thomson Locations: WASHINGTON, London, Washington

☆ Jiyoung Sohn — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-11 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Jiyoung SohnJiyoung Sohn is a technology and business reporter for The Wall Street Journal's Seoul bureau. She writes about a diverse range of industries including semiconductors, smartphones and mobile apps, as well as regulatory developments impacting the global tech sector. Jiyoung began her career as a reporter in South Korea. She is a graduate of Yonsei University and Harvard University's Graduate School of Arts and Sciences.

Persons: Jiyoung Sohn Jiyoung Sohn, Jiyoung Organizations: Yonsei University, Harvard University's Graduate School of Arts and Sciences Locations: Seoul, South Korea

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