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☆ How Elon Musk’s plan to slash government agencies and regulation may benefit his empire
▼ + stars: | 2024-11-22 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, according to research from FedScout. Musk, who has frequently blamed the government for stifling innovation, could also push for less regulation of his businesses. Musk and Ramaswamy also championed the large-scale auditing of agencies, calling out the Pentagon for failing its seventh consecutive audit. To learn how else Elon Musk and his companies may benefit from having the ear of the president-elect watch the video.

Persons: Elon, Geoff Orazem, Vivek Ramaswamy, Trump, Ramaswamy, Elon Musk, Lora Kolodny Organizations: Company, SpaceX, Trump, Republican, Department of Government, Street, Congress, Pentagon, CNBC Locations: FedScout

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow SpaceX, Tesla, xAI and X may benefit from Elon Musk's position as head of government efficiencyAs head of the Department of Government Efficiency, Elon Musk has promised to slash $2 trillion from the federal budget. One way he's suggested doing this is by consolidating some of the country's over 400 federal agencies, many of which regulate his companies.

Persons: Elon Musk, he's Organizations: Tesla, Elon Musk's, Department of Government Efficiency

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the team of former prosecutors trying to fight Amazon's growing counterfeit problemCounterfeits became a big problem on Amazon after an influx of Chinese-based sellers joined in 2015, causing brands like Nike and Birkenstock to quit selling directly on the site. In 2020, Amazon launched the Counterfeit Crimes Unit, which joined law enforcement on 50 raids and the seizure of 7 million counterfeit products in 2023. But retail experts say it's not enough. CNBC visited Amazon's team of former prosecutors and a military gear brand that's partnered with them to sue counterfeiters.

Persons: Counterfeits, Birkenstock, counterfeiters Organizations: Nike, Amazon, CNBC, Amazon's

☆ Here’s why China has been testing its autonomous car technology in the U.S. for years
▼ + stars: | 2024-10-23 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +3 min

Chinese companies are aggressively developing autonomous vehicles. In August, China announced that it had issued 16,000 test licenses for driverless cars and opened up about 20,000 miles of roads nationwide for autonomous vehicle testing. But Chinese autonomous vehicle companies have also quietly been testing their technology on U.S. streets. Michael Dunne, CEO and founder of consulting firm Dunne Insights, told CNBC that China had "carte blanche" when it comes to testing AVs in California. Missy Cummings, a former senior safety advisor to the National Highway Traffic Safety Administration, told CNBC the ban was a good start.

Persons: Didi, WeRide, Michael Dunne, Dunne, Let's, Missy Cummings, Cummings, Marc Veasey, Biden Organizations: Baidu, California Department of Motor Vehicles, CNBC, Apple, U.S, National, Traffic Safety Administration Locations: China, California, Silicon, Texas, U.S, California , Nevada, Utah, United States

☆ China released a blitz of stimulus measures to boost its economy. Now begins the balancing game.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementVarious Chinese ministries and local governments are likely to roll out a variety of stimulus measures in the coming weeks — useful or not, they added. China still has a massive property problem that's unlikely to be solved with one set of stimulus measures. China's stock markets, which are dominated by retail investors fixated on social media, are blistering hot. China's stock markets are closed for weeklong National Day public holidays and are set to reopen on Tuesday. "Stimulus measures could add more fuel to the fire when stock markets are already heated.

Persons: —, it's, Nomura, Freya Beamish, Rory Green, Ben Harburg, Larry Hu, Hu, Magdalena Polan, Polan, China's Organizations: Service, Global Data.TS, —, MSA, Macquarie Group, CSI, Nomura Locations: China, Saudi Arabia, Beijing, Harburg

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy investors think Cava can become the next ChipotleCava, the fast-casual Mediterranean chain known for its bowls and pitas, has had a massively successful year following its IPO in June 2023. It's revenue, same-store sales and transaction growth have all seen major increases in its second quarter in 2024. Some analysts predict it will follow predecessor and competitor, Chipotle's, path.

Locations: Cava

☆ Magdalena Suarez Frimkess, the artist messing with Mickey Mouse
▼ + stars: | 2024-09-26 | by ( Christian House | ) edition.cnn.com time to read: +5 min

“Magdalena Suarez Frimkess: The Finest Disregard” finds the artist enjoying her first major solo show at the tender age of 95. Whimsical and nostalgic or unsettling and sinister, Magdalena Suarez Frimkess is an anarchic cartoonist in clay, says this writer. Museum Associates/LACMAConsidering her medium and subject matter, Suarez Frimkess sits art-historically somewhere between Grayson Perry and Andy Warhol. With these and other works, Suarez Frimkess began exploring the absurdities of the commonplace. Bowl with Mickey Mouse, Condorito and Pansy Pattern by Magdalena Suarez Frimkess (2010).

Persons: Magdalena Suarez Frimkess, Mickey Mouse, Donald Duck, Olive Oyl, Looney, “ Magdalena Suarez Frimkess, Suarez Frimkess —, Michael Frimkess —, Betty Boop, Bugs Bunny, Felix the, Miles Davis, Fidel Castro, Martin Luther King, Mickey, Suarez Frimkess, Grayson Perry, Andy Warhol, Magdalena, Rafael Ramon González, ”, Minnie Mouse, Michael Frimkess, “, Suarez, Michael, Jenni Sorkin, wackiness Organizations: Los Angeles CNN —, Angeles County Museum of Art, Museum, Escuela de Artes Plásticas de, Pontifical Catholic University, Clay Art Center Locations: Venezuelan, Venice Beach, Los Angeles, American, Chilean, Maturín, Venezuala, Escuela de Artes Plásticas de Caracas, Portuguese, Santiago, Chile, Port Chester , New York, California, LACMA, Venice

☆ How Elon Musk hopes his new supercomputers will boost his businesses
▼ + stars: | 2024-09-21 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +3 min

Dojo will process and train AI models using the large amounts of video and data captured by Tesla cars. Subscriptions to Tesla's FSD features cost $99 a month and include automatic lane changes, automatic parking and automatic stopping for traffic lights and stop signs. Tesla hopes Dojo, which Musk says has been running tasks for Tesla since 2023, will change that. Musk has said that Tesla plans to spend $10 billion this year on AI. To learn more about Elon Musk's supercomputer plans, watch the video.

Persons: Elon Musk, Tesla, They've, let's, Steven Dickens, Cruise, Didi, Musk Organizations: Futurum, Baidu, Microsoft, Google, Memphis, Elon Locations: Buffalo , New York, Austin , Texas, China, Memphis , Tennessee

☆ How pregnancy changes the brain
▼ + stars: | 2024-09-16 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

CNN —Researchers have created one of the first comprehensive maps of how the brain changes throughout pregnancy, substantially improving upon understanding of an understudied field. What brain changes mean for parentsThe functional implications these brain changes may have for birthing parents have yet to be determined, said Dr. Elseline Hoekzema, head of the Pregnancy and the Brain Lab at Amsterdam University Medical Center, via email. However, some of Hoekzema’s previous work has indicated associations between pregnancy-related brain changes and the ways a birthing parent’s brain and body respond and bond to infants’ cues, Hoekzema added. These findings are also in line with animal studies showing brain changes that were critical for the onset and continuation of maternal care. “Of the 50,000 brain imaging articles published in the last 30 years, less than half of 1% focus on health factors unique to women, like pregnancy.

Persons: Elizabeth R, Chrastil, ”, Emily Jacobs, ” Jacobs, Jacobs, Jodi Pawluski, Pawluski wasn’t, Magdalena Martínez García, wasn’t, Elseline Hoekzema, Hoekzema wasn’t, Hoekzema, ” Pawluski, “, ” Hoekzema, Pawluski, haven’t, Ann S, Bowers, Chan Zuckerberg, we’ve Organizations: CNN —, Neuroscience, University of California, UC Santa Barbara, Jacobs Lab, Amsterdam University Medical Center, Brain Health Initiative Locations: Santa Barbara, France, Spain

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow ChatGPT transformed OpenAI from a little-known startup to a leader in AI developmentOpenAI was founded as a nonprofit in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. In 2022, OpenAI gained worldwide recognition when it launched its ChatGPT chatbot. It was the first time that many people were introduced to generative AI and within two months, ChatGPT had 100 million monthly users. OpenAI is now valued at over $80 billion and counts Microsoft as a major investor and partner.

Persons: OpenAI, Sam Altman, Greg Brockman, Elon Musk, ChatGPT Organizations: Microsoft

☆ The rise of OpenAI and Microsoft's $13 billion bet on the AI startup
▼ + stars: | 2024-08-10 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. At the time, OpenAI said Musk left to avoid a conflict of interest with his other company, Tesla , which was becoming increasingly focused on AI. In the years since, OpenAI has grown into one of the prominent leaders in AI development. OpenAI now reportedly generates annual revenue of $3.4 billion, and has notable customers, including PwC, Moderna and Estée Lauder. Microsoft has invested about $13 billion into the AI startup.

Persons: Sam Altman, Greg Brockman, Elon Musk, Altman, Brockman, Musk, OpenAI, Estée Lauder Organizations: Tesla, Moderna, Microsoft, Big Tech Locations: OpenAI

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh above the clouds — the rise of stratospheric balloon tourismA number of startups are hoping to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled balloons. CNBC spoke to three of them, France-based Zephalto, Florida-based Space Perspective and Arizona-based World View. The balloon trips wouldn't take passengers all the way into space but the companies said passengers would be able to experience the "overview effect," a common, highly emotional phenomenon felt by astronauts when they see the earth against the blackness of space.

Organizations: CNBC Locations: France, Florida, Arizona

☆ Startups are building balloons to hoist tourists 100,000 feet into the stratosphere
▼ + stars: | 2024-07-13 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

CNBC spoke to three startups — France-based Zephalto, Florida-based Space Perspective and Arizona-based World View — that aim to hoist tourists to the stratosphere using pressurized capsules and massive gas-filled balloons. "The capsule itself is designed to to carry eight customers and two crew into the stratosphere," said Ryan Hartman, CEO of World View. World Views says it sold 1,250 tickets so far while Space Perspective has sold 1,800. Ticket prices range from $50,000 per seat with World View to around $184,000 with Zephalto. Space Perspective sells tickets to its experience for $125,000 per seat.

Persons: Ryan Hartman, Jane Poynter, Poynter, Vincent Farret d'Astiès, Zephalto Organizations: SpaceX, Virgin Galactic, CNBC, —, U.S Locations: — France, Florida, Arizona

☆ Boeing Starliner's long and grueling road to launching astronauts
▼ + stars: | 2024-06-08 | by ( Magdalena Petrova | Jeniece Pettitt | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing Starliner's long and grueling road to launching astronautsBoeing's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station under NASA's Commercial Crew contract. To date, NASA has given Boeing nearly $5 billion to develop Starliner, but the company has struggled amid a myriad of delays and technical issues. Boeing recently launched its last test, a milestone crewed mission, which it needs to complete before NASA can certify Starliner to begin operational missions.

Organizations: Boeing, International Space, NASA

☆ Behind Boeing's decade-long struggle to launch astronauts on Starliner
▼ + stars: | 2024-06-08 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

Boeing 's Starliner is a human-grade space capsule designed to take astronauts to and from the International Space Station. Boeing began work on the capsule in 2014, when it signed a $4.2 billion contract with NASA under the agency's Commercial Crew Program. "The entirety of the Commercial Crew Program was very much a new venture," said Caleb Henry, director of research at Quilty Space. Of the nearly $5 billion Boeing has received to develop Starliner to date, the company has spent $1.5 billion to cover delay overruns. SpaceX, meanwhile, has completed over a dozen crewed missions to space, launching both NASA astronauts and private citizens since 2020.

Persons: Caleb Henry, Henry, it's Organizations: Boeing, International Space Station, NASA, SpaceX, Elon

Learn moreThe 2024 Italian Open has arrived, following a bumpy few weeks that saw multiple injury-related upsets plague the ATP tour. Below, we'll break down everything you need to know about the 2024 tournament, including where to watch the Italian Open and when the can't-miss ATP and WTA matches air. Alcaraz and Sinner will sit out the Italian Open, but Medvedev (who won the 2023 competition) is scheduled to play on Friday. Shop at SlingWhere to watch the Italian Open in the UKThe Italian Open is available to watch through Sky Sports in the UK. Where to watch the Italian Open in New ZealandStarting on Sunday, New Zealanders can catch the women's matches live through TVNZ.

Persons: Carlos Alcaraz, Daniil Medvedev, Alcaraz, Medvedev, Rafael Nadal, Novak Djokovic, Elena Rybakina, Iga Świątek, Naomi Osaka, Coco Gauff, Świątek, Aryna, you've, Marta Kostyuk, Magdalena Fręch, Iga, Bernarda Pera, AWST, ExpressVPN Organizations: Business, WTA, BNL, ATP, Madrid, Sky Sports, TVNZ, Tennis Channel, Sling, Tennis Locations: Italian, New Zealand, ExpressVPN, New Zealanders, Zealand

☆ One of the world’s highest cities starts rationing water as reservoirs fall to critical levels
▼ + stars: | 2024-04-11 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +6 min

But this marks the first time in recent history that Bogotá has been forced to implement water rationing measures. Mayor Carlos Galán announced that water rationing measures for Bogotá would begin on April 11. El Niño is a natural climate pattern originating in the Pacific Ocean along the equator, which influences weather around the globe. In a country as politically divided as Colombia, the urgency of addressing El Niño is a rare point of consensus. Bogotá’s water rationing plans have been supported by the country’s president, who has historically had a testy relationship with the city’s mayor.

Persons: Colombia CNN —, Montgomery Burns, “, El Niño, Ivan Valencia, Carlos Fernando Galán, ” Galán, It’s, El, Bogotá, Magdalena, ”, Armando Sarmiento, Sarmiento, Mayor Carlos Galán, Fernando Vergara, Niño, Susana Muhamad, ” CNN’s Heather Law, Ana Melgar Organizations: Colombia CNN, ”, Bogotá’s Javeriana University, CNN, Bogotá, El Niño Locations: Bogotà, Colombia, Bogotá, San Rafael, El, Colombian, Latin America, Mexico City, Magdalena, Colombia’s, Bogota, Mayor, Sarmiento

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Disney CEO Bob Chapek on ESPN's futureBob Chapek, former Disney CEO, sat down with CNBC's Alex Sherman in his first public interview since leaving Disney to discuss his thoughts on ESPN's future.

Persons: Bob Chapek, CNBC's Alex Sherman Organizations: Former, Disney

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChairman Jimmy Pitaro on ESPN's uncertain futureESPN chairman James Pitaro sat down with CNBC to discuss the company's future as it faces serious cord cutting and competition from tech companies like Amazon and YouTube with deeper pockets than parent company Disney.

Persons: Jimmy Pitaro, James Pitaro Organizations: ESPN, CNBC, Amazon, Disney

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow ESPN is trying to stay relevant as cable declinesESPN has been the most dominant sports channel for more than 40 years. It holds live sports rights including the NFL's Monday Night Football, the NBA and the WNBA. But as millions of Americans cancel their cable TV subscriptions and big tech companies like Amazon and YouTube bid on live sports, ESPN has had to adjust — or decline along with the pay-TV business. CNBC sat down with former and current executives to talk about the future of the sports juggernaut.

Organizations: ESPN, Football, NBA, Amazon, YouTube, CNBC

LONDON (AP) — Chelsea women's manager Emma Hayes says she was wrong to describe intrasquad player relationships as “inappropriate.”Hayes is finishing out the season at Chelsea in the Women’s Super League before she takes over as coach of the U.S. women's national team. In Hayes' initial comments Thursday, she said player-to-player relationships in a team are “ inappropriate " because they have the potential to create extra challenges to manage. She had been asked about player-coach relationships, which she also said were inappropriate. “I didn't think it was right for me to use the term ‘inappropriate’ for the players,” Hayes said Friday night after Chelsea beat Arsenal 1-0 in a WSL match. Chelsea players Jess Carter and Ann-Katrin Berger are currently in a relationship, and after Hayes' initial comment, Carter liked a tweet that said it was “beyond bonkers” to bring player relationships into the conversation about player-coach relationships.

Persons: Emma Hayes, ” Hayes, Hayes, Jess Carter, Ann, Katrin Berger, Carter, postmatch, “, I’ve, ” Pernille, Magdalena Eriksson, ___ Organizations: Chelsea, Super League, women's, Arsenal, Bayern Munich, U.S ., South Locations: South Korea

Norway has had massive success with EV adoption — 82% of new cars sold in the country in 2023 were electric, according to the Norwegian Road Federation. This high adoption rate can be attributed to the generous subsidies the Scandinavian country has offered to electric vehicle owners as well as its investment in charging infrastructure. Tesla's early foothold there has made Norway a pivotal proving ground for the company and a national model for electric vehicle transition. Norwegians were the first European customers to receive deliveries of the Tesla Model S in 2013. CNBC traveled to Norway to meet with local people, government officials and experts to find out how Tesla has become so successful in the Scandinavian country.

Persons: Elon Musk, Tesla Organizations: Norwegian Road Federation, Nordic, Tesla, Toyota, Skoda, Volkswagen, CNBC Locations: Norway

☆ Solving the looming retirement crisis means thinking differently about aging, economist says
▼ + stars: | 2024-03-16 | by ( George Glover | ) www.businessinsider.com time to read: +7 min

It's time to start thinking differently about aging, according to a new book. "We've never invested enough in old age, because we never thought we'd get there," he said. "We've never invested enough in old age, because we thought we'd never get there, and now we will." He calls for a transition to an "evergreen economy," based on channeling the world's aging population to address inequality and boost growth. AdvertisementThe looming retirement crisis underlines the need for a rethink on aging, Scott told BI.

Persons: Andrew J, Scott, We've, we'd, —, There's, Florian Gaertner, we're, that's, they've, David Bowie, Magdalena Wosinska, he's, Bryan Johnson, who's, I've, I'm Organizations: Service, Health, Institute for Fiscal, London Business School, Harvard, Bank of England, Institute for International Political, Economic, Getty, Social Security, Washington Post Locations: Oxford, Japan

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Tesla became so popular in NorwayNorway is the world leader when it comes to electric vehicle adoption. 82% of new car sales were electric in 2023. Tesla sold over 23,000 Model Ys in Norway last year, significantly more than its top competitors there, Volkswagen and Skoda. Tesla accounted for about 20% of all vehicles sold in the country last year and 2023 marked the third year in a row that Tesla was the top car brand in Norway. CNBC traveled to Norway to find out why the Scandanvian country is so important for Tesla.

Persons: Tesla Organizations: Volkswagen, Skoda, CNBC Locations: Norway Norway, Norway

☆ The anti-aging trends that are actually worth your time
▼ + stars: | 2024-03-09 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

On the agenda today:This story is available exclusively to Business Insider subscribers. I asked Mia de Graaf, Business Insider's deputy executive editor of health, which anti-aging trends are actually worth it. One couple, Tam and Gary Holm, was among the people who actually participated in the $1 home deal. AdvertisementAlso read:Paul Zimmerman/Getty Images for NYCWHigh-end steak house red flagsDining out at a steak house is an indulgent — and pricey — experience. Two former "Top Chef" contestants, who also own a steak house, shared what differentiates luxury steak houses from more mediocre options.

Persons: —, Bryan Johnson, Magdalena Wosinska, Bryan Johnson's, Bryan Johnson —, Mia de Graaf, Skip, Mia, Luke Renard, Tam, Gary Holm, Paul Zimmerman, pricey, Searchlight Here's, Oppenheimer, Jamie Davis Smith, Yorgos Lanthimos, Kevin, Abanti Chowdhury, Guy Ritchie's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Warner Bros, Universal, Searchlight, Searchlight Pictures, Netflix Locations: Silicon, Moroccan, Morocco, AnaYela, Marrakesh, New York

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