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☆ Nvidia is nearing a record high. This is what's driving it.
▼ + stars: | 2024-10-10 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Since the start of October, investors and Nvidia watchers have gained a few new numbers to add to their models. AdvertisementThe funding is the clearest sign that investors are still willing to back the biggest bet on generative AI available. OpenAI announced the fresh funding last week, led by Thrive Capital with Microsoft, Nvidia, Softbank, Khosla Ventures, and others participating. Thank you to Nvidia for delivering one of the first engineering builds of the DGX B200 to our office." But, anecdotal evidence of companies finding value in generative AI may be starting to penetrate the investor class as well, according to a new survey from Morgan Stanley.

Persons: —, OpenAI, Billionaire Vinod Khosla, Blackwell, Jensen Huang, Huang, doesn't, David Solomon, Morgan Stanley Organizations: Service, Nvidia, Microsoft, Softbank, Khosla Ventures, Billionaire, CNBC, Taiwan Semiconductor Manufacturing Company Locations: OpenAI, Blackwell

☆ Cashmere, a tech startup helping wealth managers find clients, just raised $3.6 million using this 12-slide pitch deck
▼ + stars: | 2024-09-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Cashmere has raised $3.6 million in seed funding to automate client acquisition for wealth managers. The Los Angeles-based startup addresses the lack of tech solutions in the wealth management industry. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCashmere, a tech startup that's automating client acquisition for wealth managers, has raised $3.6 million in a seed funding round. This story is available exclusively to Business Insider subscribers.

Persons: Cashmere, — Organizations: Canapi Ventures, Service, Business Locations: Los Angeles

☆ LinkedIn's chief product officer explains the change in mindset that led to finding success
▼ + stars: | 2024-09-10 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhile LinkedIn is the mecca of job search, chief product officer Tomer Cohen said he didn't actually apply for his role at the company before being asked to join. After accumulating a student visa and massive school debt, Cohen co-founded a now-defunct startup called FellowUp, a personalized automated assistant. Cohen said that LinkedIn was exciting and and the opportunity to make an impact — which he had a plan for. Related stories"I don't know if this is a recommendation for everybody, but for me, it's worked really, really well," Cohen said.

Persons: —, Tomer Cohen, didn't, Cohen, Nishar, recalibrated, monetarily, it's Organizations: Service, LinkedIn, Business, VP Locations: Israel

☆ This French aerospace company is trying to lure US SpaceX workers after Elon Musk said he would relocate the company from California to Texas — and it may be working
▼ + stars: | 2024-07-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewA French aerospace company is trying to convince disgruntled American SpaceX employees to leave the US for Europe after billionaire Elon Musk announced he would relocate his rocket company from California to Texas. Stanislas Maximin, CEO of Latitude, jumped at the opportunity to poach any unhappy SpaceX employees suddenly staring down an interstate move. Maximin told CNBC that his LinkedIn post garnered some 200 messages and helped him increase his connections on the site by a third. "We have done it multiple times over," Maximin told CNBC of hiring foreigners. Musk has made the Lonestar State his home base in recent years, moving Tesla headquarters to Texas from California during the pandemic.

Persons: —, Elon Musk, Musk, Stanislas Maximin, Maximin, I'm, Lockheed Martin, Tesla Organizations: Service, SpaceX, Business, CNBC, Lockheed, LinkedIn, Lonestar State Locations: Europe, California, Texas

☆ French aerospace company sees surge in U.S. applicants after SpaceX relocation news: 'Come to Europe and we'll help you'
▼ + stars: | 2024-07-23 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Latitude, a French aerospace company based an hour outside Paris, is getting a surge of applications from American engineers after Elon Musk said he would relocate SpaceX headquarters from California to Texas. Those job seekers work at SpaceX, Blue Origin, Lockheed Martin, Tesla and other companies related to the aerospace industry, the spokesperson tells CNBC Make It. He says the message wasn't a takedown of Musk or SpaceX, which Maximin refers to as one of "the best engineering companies in the world." Rather, he says, "if you're not happy where you are, if you want different things, you can come to Europe, and we'll help you." "We have done it multiple times over," Maximin says, adding that his company has "the full support of French authorities" to make the relocation happen quickly.

Persons: Elon Musk, Lockheed Martin, Tesla, Musk, Stanislas Maximin, Rather, Joe Biden, Donald Trump, Maximin Organizations: Elon, SpaceX, Lockheed, CNBC, U.S Locations: French, Paris, California, Texas, U.S, Hawthorne , California, Starbase , Texas, Europe

☆ How 2 executives found success in Puerto Rico's booming business landscape
▼ + stars: | 2024-04-09 | by ( Sponsor Post | Sponsored Invest Puerto Rico | ) www.businessinsider.com time to read: +5 min

In 2023, more than 550 businesses and nearly 6,000 new job opportunities were established on the island, according to Invest Puerto Rico. More than ever, Puerto Rico is positioned to host entrepreneurs and executives considering establishing or expanding their business presence. When González cofounded the tech consultancy firm Wovenware in 2003, Puerto Rico's tech scene was virtually nonexistent. Fast forward two decades since its founding, and Wovenware stands as a testament to Puerto Rico's vibrant tech ecosystem, having grown into a key player. Learn more about establishing yourself in Puerto Rico's business landscape.

Persons: Luis Ramos, Christian González, González, might've, Ramos, it's, — Organizations: Invest, Honeywell Aerospace, Puerto, Puerto Rico, University of Puerto, Polytechnic University of Puerto Rico, Honeywell, González, Workers, Insider Studios Locations: Puerto Rico, Invest Puerto Rico, Puerto Rican, Puerto, University of Puerto Rico, Aguadilla, Puerto Rico's

☆ I worried I'd lose all my work friends when I quit. It surprisingly brought us closer together.
▼ + stars: | 2024-02-05 | by ( Rachel Craft | ) www.businessinsider.com time to read: +4 min

But I eventually found my people and worried I'd lose them once I left the industry. My friends and I bonded over shared workplace traumaMost of the friendships I cultivated were with other young women. Leaving my job felt like abandoning my entire social group, too. Taking my friendships outside the office gave them room to growAt first, I felt disconnected from my old work friends. AdvertisementI have more energy for socializing nowSince my job change, I've noticed a significant difference in my attitude toward socializing.

Persons: I'd, I've, it's

☆ I left the military for the private sector. My time in uniform was one of the best experiences I've ever had.
▼ + stars: | 2024-01-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Ong, 26, served for five years before she left for the private sector. AdvertisementThis as-told-to essay is based on a conversation with Jia Hui Ong, who left the military to join the private sector. Joining the private sectorMy journey into the private sector wasn't a smooth ride. After transitioning to the private sector, I also had to find a new sense of purpose in my work. But spending time in the private sector has helped me redefine my interests and strengths.

Persons: Jia Hui Ong, Ong, —, jerry Organizations: Singapore Armed Forces, Service, SAF, ST Engineering, DBS Bank Locations: Singapore

U.S. News & World Report is pleased to announce that our proprietary surveys for the 2024 Best Graduate Schools will be distributed to schools in phases beginning today, and continuing for the next few weeks. The 2024 Best Graduate Schools surveys distribution includes statistical and peer assessment surveys for:Best Law SchoolsBest Medical SchoolsBest Business SchoolsBest Engineering SchoolsBest Nursing SchoolsBest Education SchoolsSpecific information about upcoming surveys and methodology changes for Best Medical Schools can be found here. Students and their families use U.S. News as an essential resource in their college decision-making process. In the last 12 months alone, more than 20 million people visited USNews.com to learn about graduate programs, and nearly 65,000 students and their families accessed U.S. News to request information about specific graduate institutions and/or to compare schools to one another.

Organizations: News, Best, Medical, Business, Engineering, Nursing Schools, Education, Best Medical

☆ Some OpenAI engineers make as much as $800,000 and were key players in Sam Altman's return
▼ + stars: | 2023-11-23 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

OpenAI reinstated CEO Sam Altman after a dayslong saga kicked off with the board firing him Friday. AdvertisementOpenAI staffers who threatened to quit this week over CEO Sam Altman's firing are making up to $800,000 per year, according to Bloomberg. AdvertisementBut tech-firm salaries don't include bonuses or stock awards, which can bring total compensation for some OpenAI engineers closer to $800,000, Bloomberg said. But despite the high demand for talent, there are aren't many people who understand the technology, so companies value these workers with high salaries as well as influence. At OpenAI, these employees played a key role in Altman's eventual rehire at the AI startup following his surprise ouster last week.

Persons: OpenAI, Sam Altman, Altman, —, Sam Altman's, OpenAI's Organizations: Bloomberg, Service, Meta, Google, Tech, The New York Times, Altman's eventual, Microsoft, Twitter Locations: OpenAI, Altman's

☆ The World Is Becoming More African
▼ + stars: | 2023-10-28 | by ( Declan Walsh | Hannah Reyes Morales | ) www.nytimes.com time to read: +37 min

Old World Young Africa As the world grays, Africa blooms with youth. The World Is Becoming More African Part one of a series on how the youth boom is changing the continent, and beyond. But while a handful of African countries are poised to ride the demographic wave, others risk being swamped by it. In the West, racists and right-wing nationalists stoke fears of African population growth to justify hatred, or even violence. The age gap between geriatric leaders and restless youth is “a major source of tension” in many African countries, said Simon Mulongo, a former African Union diplomat from Uganda.

Persons: Lauren Leatherby, ”, Jean, Patrick Niambé, Hilton, Edward Paice, “, Keziah Keya, Keya, Paul R, Ehrlich, stoke, Lauren Leatherby “, Carlos Lopes, Burna, Weeks, “ It’s, Laolu Senbanjo, Tems, Toulaye Sy, Pritzker, Abdulrazak Gurnah, “ Africa’s, ” Long, exotica, Mulendema, Hannah O’Leary, “ We’re, Sipho Dlamini, Dlamini, Moawad, Optimists, Mo Ibrahim, Aubrey Hruby, birthrates, India’s, China’s, Akinwumi Adesina, States —, William Ruto, Paul Biya of, Biya, Wole Soyinka, Paul Kagame of, Nourdine, Nigeriens, Awade, Ali Bongo Ondimba, Simon Mulongo, Nuha Abdelgadir, Abdelgadir, gesturing, “ We’ve, ” Weeks, Abdelgadir’s, Modu Ali, Young, Saidu, Habiba Mohammed, Ms, Ha, Joon Chang, Nobody, Chang, Ibrahim, Touré Organizations: Young, United Nations, Southern, Northern, Western Asia Northern, United, Ivory Coast, African Union, Group, European Union ., Suisse, Africa Research Institute, Nigeria Mozambique Kenya “, Russia Canada Germany United, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia Dem, Russia Germany, China Egypt India Nigeria D.R.C, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Dem, Bank, Nations, International, Bryn Mawr College, Angola, Angola Ivory Coast, Angola Ivory Coast Cameroon Dem, Africa Middle Africa Southern, Economic Commission, New, Citi, Spotify, Cannes Film, Burkina Faso, UNESCO, Disney, Amazon Prime, Netflix, “, Apple, Cape Town, Microsoft, Google, Infrastructure, McKinsey & Company, Pew Research Center, African Development Bank, Greek Coast Guard, Saudi, Africa Climate, Young Voters, Freedom House, University of Denver, United Arab, Japan Cuba Vatican City, Netherlands South Korea Belgium U.A.E, Islamic, Global, Center for Girls Education, School of Oriental, Studies Locations: grays, Africa, India, China, United States, Southern Asia, Asia, America, Caribbean, Northern America, Western Asia, Western Asia Northern America, Europe, London, New York, West Africa, Ivory, Abidjan, Russia, Turkey, Gulf, Nairobi, Nigeria Mozambique Kenya, Italy, Japan, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia, Congo Indonesia Brazil Australia South Africa Argentina, Russia Germany U.S, China Egypt India Nigeria, Brazil South Africa Australia, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria, Nigeria, Africa’s, Young, South Africa, Somalia, Mozambique, Mali, Gabon, Niger, Mozambique Nigeria Kenya, Kenya, Pennsylvania, Angola Ivory, Angola Ivory Coast Cameroon, Congo Algeria Egypt, Ghana Kenya Madagascar Mozambique Niger Nigeria, Tanzania Uganda South Africa, Northern Africa Eastern Africa, Africa Middle Africa, Africa Middle Africa Southern Africa, Guinea, Bissau, African, Qatar, Nigerian, Brooklyn, Target, French, Senegalese, Paris, Milan, Venice, Burkina, Tanzania, Saharan Africa, Nigeria Kenya Senegal In Lagos, Dakar, Zambia, South Korea, Sotheby’s, Lagos, Zimbabwe, Watford, Cape, Mombasa, Zanzibar, Cairo, Morocco, East Africa, Nigeria Mozambique Morocco, Sudanese, North Africa, East Asia, Thailand, Rwanda, Ivory Coast, States, Namibia, Kenyan, Paul Biya of Cameroon, Paul Kagame of Rwanda, United Arab Emirates, United States France Turkey, Germany, Russia India, Brazil, Japan Cuba, Japan Cuba Vatican City Spain Italy Saudi Arabia Qatar, Netherlands South Korea Belgium, Iran Canada, Niger’s, Niamey, Senegal Kenya Kenya, X’s, Tunisia, Egypt, Libya, Senegal, Uganda, Khartoum, Sudan, Ethiopia, Al Qaeda, Islamic State, Chad, Burkina Faso, Nigeria Nigeria Morocco, hijabs, Zaria, American, Korea, South, England

☆ HSBC names its ‘must see stocks’ in the UK with substantial upside
▼ + stars: | 2023-09-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

British bank HSBC has revealed a list of stocks in the U.K. it says are a "must-see" — regardless of how market conditions pan out over the rest of the year. Value stocks For those seeking "fundamentally cheap [stocks] with limited risk and/or high yield," HSBC listed value stocks. The analysts' price target of £2,130 pounds gives the stock a 44% upside from its close on Sept. 7. Misunderstood stocks HSBC also has a category called "misunderstood" stocks, capturing "companies or business models we think are misunderstood and therefore at the wrong price". Both companies are "buys" for HSBC, with target prices of £6,800 and £2,915 – or 55.1% and 87.7% — upside respectively.

Persons: Hilton, Coats, —, — —, Michael Bloom Organizations: HSBC, Hilton Food, IMI, DCC

☆ How climate change drives heatwaves and wildfires in Europe
▼ + stars: | 2023-08-17 | by ( Kate Abnett | ) www.reuters.com time to read: +5 min

Here's how climate change drives these events. FINGERPRINTS OF CLIMATE CHANGETo find out exactly how much climate change affected a specific heatwave, scientists conduct "attribution studies". CLIMATE CHANGE DRIVES WILDFIRESClimate change increases hot and dry conditions that help fires spread faster, burn longer and rage more intensely. The study found that human-induced climate change played an absolutely overwhelming role in the extreme heatwaves that swept across North America, Europe and China in July. But scientists concur that without steep cuts to the greenhouse gases causing climate change, heatwaves, wildfires, flooding and drought will significantly worsen.

Persons: Alexandros Avramidis, Friederike Otto, Sonia Seneviratne, Seneviratne, Rhodes, Copernicus, Mark Parrington, Victor Resco de, Kate Abnett, Gloria Dickie, Katy Daigle, Barbara Lewis, Josie Kao, Jonathan Oatis Organizations: Firefighters, REUTERS, Rights, United Nations, Imperial College London, ETH Zurich, Union, Spain's Lleida University, Thomson Locations: Sesklo, Greece, Europe, Spain, France, Netherlands, Paris, North America, China, Victor Resco de Dios

☆ Days after Mark Zuckerberg said Threads had lost more than half its users, the head of Instagram is moving back to the US after just a year in London
▼ + stars: | 2023-08-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Adam Mosseri, the head of Instagram, has moved back to the US after a year in London. His relocation comes four days after Mark Zuckerberg said Threads had lost more than half its users. Adam Mosseri, the head of Instagram, is moving back to the US after spending a year in London, England, he said Monday. Mosseri's announcement also comes just four days after Mark Zuckerberg said Threads had lost more than half its users, Reuters reported, after rapidly reaching 100 million signups in just five days. Soon after his announcement, the Instagram boss told Threads users to "hang tight" for an improved desktop app as well.

Persons: Adam Mosseri, Mark Zuckerberg, Mosseri, Meta's, Meta, Zuckerberg, Instagram, — Organizations: Reuters, Bloomberg, London, Meta, The Financial Times, Daily Mail Locations: London, England, British, San Francisco, Silicon, Bay

And, in that same earnings call earlier this year, Novogratz said Galaxy hired some traders based in Hong Kong. Just this week, Societe General 's crypto arm received approval by France's financial regulator to offer crypto services, including crypto assets. The next month, Hong Kong implemented a new licensing regime so crypto exchanges can serve retail customers. Hong Kong, in particular, has tried to position itself as an international hub for crypto. Galaxy Chief Investment Officer Chris Ferraro echoed that sentiment in a recent "Crypto World" interview.

Persons: –, Mike Novogratz, Brian Armstrong, Novogratz, Cantor Fitzgerald's Elliot Han, Dean Sovolos, Lily King, Cobo, Owen Lau, Chris Ferraro, Kraken –, Binance, Han, we're Organizations: BlackRock, SEC, Washington, Galaxy, United, Gemini, Payment, Societe, European Union, Crypto, Assets Regulatory Authority, Financial, Oppenheimer, U.S, Coinbase, Huobi, BTC Locations: U.S, Europe, Hong Kong, Abu Dhabi, Dubai, Bermuda, United Arab Emirates, Asia, Gurgaon, India, Singapore, United States, East, VARA, B2C2, Silicon, London, Berlin, China

☆ ST Engineering's CEO says its MRO business is in a 'sweet spot'
▼ + stars: | 2023-06-19 | 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 EmailST Engineering's CEO says its MRO business is in a 'sweet spot'CNBC's Christine Tan tours one of ST Engineering's hangars in Singapore and finds out from Group President and CEO, Vincent Chong, why the company's maintenance, repair, and overhaul business is growing.

Persons: Christine Tan, Vincent Chong Locations: Singapore

☆ ST Engineering's CEO says it is on track to hit its 2026 revenue target
▼ + stars: | 2023-06-19 | 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 EmailST Engineering's CEO says it is on track to hit its 2026 revenue targetST Engineering's Group President and CEO, Vincent Chong, shares with CNBC's Christine Tan the plans to grow in new business areas.

Persons: Vincent Chong, CNBC's Christine Tan Organizations: Engineering's Group

☆ I quit Goldman Sachs after only a year. Here's how I knew leaving for a tech startup was the right career move.
▼ + stars: | 2023-05-15 | by ( Chris Hladczuk | ) www.businessinsider.com time to read: +8 min

Chris Hladczuk leads growth at Meow, a fintech startup, after quitting Goldman Sachs. I picked a weird day to quit — it was my 24th birthday and I called my boss to tell her I was leaving Goldman Sachs. The power of Goldman SachsI love Goldman because it taught me how to win. With my future career in mind, is my pace of learning higher at Goldman in investment banking or at an early-stage startup? Chris Hladczuk currently leads growth at fintech startup Meow.

☆ How U.S. Regulators Are Choking Crypto
▼ + stars: | 2023-03-28 | by ( Katie Haun | ) www.wsj.com time to read: +1 min

Some financial regulators appear to have seized on a series of high-profile meltdowns to go around Congress and try to freeze an entire industry out of banking services. I spent more than a decade as a federal prosecutor on some of the worst threats our country faces—organized crime, the opioid epidemic, political corruption and terrorism. In my final years at the Justice Department, I shifted to cases involving emerging technology, including the then-nascent crypto category, from the Mt. Public blockchains, the foundational technology of the ecosystem, are an important set of tools that reflect breakthroughs in cryptography and distributed computing. In addition to early financial-use cases, this sector provides new ways to develop, monetize and govern all kinds of software.

☆ China's Sany Heavy Industry moves closer to Frankfurt listing
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Feb 11 (Reuters) - Sany Heavy Industry Co (600031.SS), China's biggest maker of engineering machinery, published a set of revised internal rules on Saturday in preparation for a Frankfurt listing - potentially the first there under a mechanism for cross-border listings and investment. Sany is the first China-listed company to pick Frankfurt under the scheme. The company also published confidentiality and archive administration rules to meet China's national security requirements on offshore listings. Sany has not disclosed fundraising targets, or when a Frankfurt listing will happen, only saying in late December that it planned to sell GDRs equivalent to 5% of its share base to fund international expansion. The company, which scrapped an earlier plan for a Swiss listing, has said it is attracted to Frankfurt because Germany's world-class manufacturing capability is a match to Sany's ambition in intelligent manufacturing.

☆ STMicro leans on AI, cloud as chip designs become more complex
▼ + stars: | 2023-02-07 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Feb 7 (Reuters) - European chipmaker STMicroelectronics (STM.BN) and chip design software maker Synopsys (SNPS.O) on Tuesday said STMicro had for the first time used artificial intelligence software running on Microsoft Corp's (MSFT.O) cloud to design a working chip. The achievement would help solve the growing problem of getting increasingly complex designs ready for customers in an acceptable time, STMicro said. The company is one of a several that are using AI to help design chips, which involves translating a complicated circuit architecture into a blueprint for fabricating billions of transistors on a small piece of silicon. Shankar Krishnamoorthy, general manager of the design automation group at Synopsys, said that company's AI engine got better results faster when it had more computing power behind it. Cloud providers like Microsoft offer the option to rent a huge burst of computing power in a short time.

☆ IT Job Market Shrinks for First Time in Over Two Years
▼ + stars: | 2023-02-06 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

The job market for information-technology professionals shrank in January for the first time in over two years, a sign that IT staffers are facing the same scrutiny as workers in other positions and sectors as companies slow spending. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. The McLean, Va.-based bank said those roles would be absorbed by its existing engineering teams and product managers. Still, employment in the overall technology sector hasn’t wavered, according to IT trade group CompTIA. “Not only do we need to provide capabilities to propel the business forward, but we need the best engineering tools, modern architectures and people in the right roles to respond to changing market conditions,” Ms. Caldas said.

☆ Here's why you don't bring a trader knife to a bull gunfight — and other lessons for navigating this new market
▼ + stars: | 2023-02-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

What matters in a real bull market, though, is the company and the sector it's in, not the S & P 500 . So, the first lesson is to understand that in a bull market the buyer gets the benefit of the doubt, not the seller. Secondly, in a bull market you have to fight the temptation to trade down. So, again, know that in a bull market the sellers better have a lot of conviction or else they will lose the opportunity to make money. It's our job to keep you from doing so by helping you to navigate this bull market that started in October 2022 — a bull market that almost no one seems to recognize except us.

☆ Boeing Races to Win Congressional Reprieve for New 737 MAX Models
▼ + stars: | 2022-12-02 | by ( Andrew Tangel | ) www.wsj.com time to read: 1 min

Boeing is looking to secure regulatory approval for two new versions of the 737, including the MAX 10. One of Boeing Co.’s biggest engineering challenges has morphed into a political problem—and the company is running out of time to get help from the current Congress. The plane maker’s executives and lobbyists are racing to persuade federal lawmakers to lift a Dec. 27 deadline set by Congress two years ago as part of a law aimed at making future airplanes safer. The law, enacted in the wake of two deadly crashes of Boeing’s 737 MAX, requires new aircraft to feature modern cockpit-alerting systems to help pilots resolve emergencies.

☆ U.S. automaker Ford opens $260 million campus in Mexico
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 31 (Reuters) - U.S. automaker Ford Motor Co (F.N) opened its new global technology and business center on the outskirts of Mexico's capital on Monday after a $260 million investment. The new campus will host business operations, global transformation activities and the largest engineering center in Mexico, according to a video shared by the company's Twitter account. loadingThe campus, located in the municipality of Naucalpan, is set to host 9,000 employees working in a hybrid manner, splitting time between home and the campus, Ford Motor said in a statement. Several foreign auto companies have expanded operations and announced new investments in Mexico this year. Reporting by Carolina Pulice and Valentine Hilaire; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

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