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☆ Boeing's big mea culpa just dropped and it doesn't look pretty
▼ + stars: | 2024-07-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Last week, Bloomberg reported that federal prosecutors had offered Boeing the choice of either accepting the plea deal or risk facing trial. Under the plea deal, Boeing will have to pay a fine of $243.6 million. This is on top of the $243.6 million Boeing had already paid as part of the 2021 settlement it breached. Related storiesPaul Cassell, an attorney for 15 of the victims' families, told BI on Monday that he has filed an objection to the plea deal. "A judge can reject a plea deal that is not in the public interest, and this deceptive and generous deal is clearly not in the public interest."

Persons: —, Paul Cassell, " Cassell Organizations: Service, Boeing, Justice Department, Business, Bloomberg, BI, Max, DOJ, Federal Aviation Administration, Company Locations: Indonesia, Ethiopia

☆ Former Obama advisor says Biden is more likely to 'lose by a landslide than win narrowly this race'
▼ + stars: | 2024-07-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden may have brushed aside concerns over his electability, but a former Obama advisor thinks the 81-year-old could be headed for a calamitous defeat this November. "The one person that no one can outrun is Father Time," David Axelrod told CNN's Pamela Brown on Sunday. The presumptive Democratic nominee has faced growing calls for him to step down following a disastrous presidential debate with former President Donald Trump on June 27. — David Axelrod (@davidaxelrod) November 5, 2023Axelrod later clarified those comments in an interview with Politico, which was published a week later. Representatives for Biden didn't immediately respond to a request for comment from BI sent outside regular business hours.

Persons: —, Joe Biden, Time, David Axelrod, CNN's Pamela Brown, hasn't, He's, Axelrod, Donald Trump, George Stephanopoulos, Biden, Barack Obama's, — David Axelrod, Biden's, Biden didn't Organizations: Service, Business, CNN, Biden, Democratic, ABC News, Trump ., Democratic Party, Politico, BI Locations: Trump

☆ Modi's Russia visit shows India isn't worried about making the US mad
▼ + stars: | 2024-07-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US has raised "some concerns" about India's relationship with Russia with New Delhi, Kurt Campbell, the US Deputy Secretary of State, said last month. However, Washington acknowledges that India's ties with Russia are different from its ties with the US. Make no mistake — the United States and its allies are more consequential for India's future than its relationship with Russia," wrote Shinde. India needs to leverage its historical ties with Russia to secure its economy and security, so Modi isn't just in Russia for a goodwill trip. India imports about $60 billion of goods a year from Russia, but Russia buys less than 10% of this amount from India, per Bloomberg.

Persons: —, Narendra Modi, Vladimir Putin —, Vinay Kwatra, Ved Shinde, Shinde, Russia isn't, Kurt Campbell, we've, Campbell, Modi, There's, Putin Organizations: Service, Indian, Russia —, Business, Bloomberg, Australia's Lowy Institute, State, Shanghai Cooperation Organisation Locations: Russia, Delhi, Moscow, India, New Delhi, Ukraine, Europe, Vietnam, Washington, China, United States, Kwatra, Kazakhstan, Pakistan

☆ You're not losing your mind, Biden is getting more orange
▼ + stars: | 2024-07-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewIf you think President Joe Biden has been looking a lot more orange, you're not alone. Samuel Corum/Getty ImagesAnd Biden's orange glow was apparent on July 3 too, when he was awarding the Medal of Honor to two Civil War soldiers. President Joe Biden speaks to the media on July 1. President Joe Biden speaks during a news conference at the COP26 United Nations climate change conference in Glasgow, Scotland, on November 2, 2021. Representatives for Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Joe Biden, George Stephanopoulos, Samuel Corum, Biden, Donald Trump, Andrew Harnik, Evan Vucci, Chip Somodevilla, visage, Joe, F2bjXE8fT2 — CJ Pearson, Moira Coops, Coops, Trump, Jason Kelly, Michael Cohen, Biden didn't Organizations: Service, ABC News, Business, White, Getty, COP26, AP, White House, Trump, CNN, Politico, Republican National Convention, Bazaar, Business Insider Locations: Washington , DC, Nations, Scotland, Glasgow, Washington ,, Alabama, Cleveland

☆ La travesía de una familia para llegar a EE. UU. por 8000 kilómetros y 8 países
▼ + stars: | 2024-07-08 | by ( Por Luis Ferré-Sadurní | Juan Arredondo | ) www.nytimes.com time to read: +8 min

Millones de venezolanos como la familia Aguilar Ortega han huido de la miseria económica y la represión política en su país natal mientras la nación se sumía en el caos. La decisión indignó a los críticos que alegan que contradice la imagen de Estados Unidos como un refugio seguro para los vulnerables. Inicialmente, los periodistas conocieron a la familia en Ciudad de México, y luego los alcanzaron en la frontera entre Estados Unidos y México. La dura experiencia sería una prueba para su fortaleza mental y física, tensaría la relación de la pareja, y retaría su compromiso y capacidad para forjarse una nueva vida en Estados Unidos. Aguilar afirma que los fiscales venezolanos distorsionaron los cargos y que él y su amigo no usaron violencia.

☆ Earnings growth is the 'name of the game' right now, says CIO, naming 3 stocks to buy
▼ + stars: | 2024-07-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Though CIO Michael Landsberg of Landsberg Bennett Private Wealth Management says the conditions don't justify a cut, he says there might be one. "I think if Chairman Powell had not said, we're gonna get a rate cut, we wouldn't be having these discussions because earnings growth has been really strong. Against that backdrop, Landsberg says, investors should focus on companies generating strong earnings growth. "The major indices are continuing to rally based on strong earnings growth. Earnings growth is the name of the game for this stock market right now," he said in additional notes to CNBC.

Persons: Michael Landsberg, Landsberg Bennett, Powell, we're, CNBC's, he's, Landsberg, They've, Stryker Organizations: U.S . Federal, Wealth Management, Fed, West Texas, CNBC, Trade Locations: Landsberg, China, U.S

☆ CP Group senior chairman on handing the reins over to his sons
▼ + stars: | 2024-07-06 | 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 EmailCP Group senior chairman on handing the reins over to his sonsCNBC's Christine Tan finds out from Charoen Pokphand Group’s Senior Chairman, Dhanin Chearavanont, how his sons are managing the family business. And she asks his son and the Group’s CEO, Suphachai Chearavanont, what that transition has been like for him.

Persons: Christine Tan, Pokphand Group’s, Dhanin Chearavanont, Suphachai Organizations: CP Group

☆ CP Group's senior chairman shares the company's secret to success
▼ + stars: | 2024-07-06 | 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 EmailCP Group's senior chairman shares the company's secret to successCharoen Pokphand Group’s Senior Chairman, Dhanin Chearavanont, reveals to CNBC's Christine Tan the secrets of the company's longevity and staying ahead of the competition.

Persons: Charoen Pokphand Group’s, Dhanin, Christine Tan Organizations: CP Group's

☆ CP Group's renewable energy usage to grow up to 80%, says CEO
▼ + stars: | 2024-07-06 | 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 EmailCP Group's renewable energy usage to grow up to 80%, says CEOCharoen Pokphand Group’s CEO, Suphachai Chearavanont, shares with CNBC's Christine Tan about the company’s climate action goals and why he expects the group’s renewable energy usage to rise.

Persons: Charoen Pokphand, Suphachai, CNBC's Christine Tan

☆ CP Group's CEO reflects on the family legacy
▼ + stars: | 2024-07-06 | 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 EmailCP Group's CEO reflects on the family legacyCharoen Pokphand Group’s CEO, Suphachai Chearavanont, shares with CNBC's Christine Tan what it was like to watch his father grow the family business and he reveals his hopes for a digital future for the group.

Persons: Suphachai, CNBC's Christine Tan Organizations: CP

☆ Elon Musk is giving India the cold shoulder and ghosting officials on Tesla investments
▼ + stars: | 2024-07-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Tesla hasn't engaged with India's government since Elon Musk canceled his trip in April, per Bloomberg. Tesla was initially planning to build a new factory in India but seems to have shifted its focus. Musk has told investors to value Tesla as an AI or robotics company instead of an automaker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndia may no longer be a priority for Tesla and its CEO Elon Musk.

Persons: Tesla, Elon Musk, Musk, —, hasn't Organizations: Elon, Bloomberg, Service, Tesla, Business Locations: India

☆ John Oliver was right — the Conservative Party just faced an epic wipeout at the polls
▼ + stars: | 2024-07-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewIt's not quite the "extinction-level event for the Tories" that John Oliver predicted, but the Conservative Party did suffer a bitter defeat in Thursday's UK general election. This story is available exclusively to Business Insider subscribers. At the July 4 polls, the Conservative Party suffered a massive defeat at the hands of its rivals, Labour. UK Prime Minister and Conservative Party leader Sunak conceded defeat to Labour leader Kier Starmer early Friday morning. Representatives for Oliver did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, John Oliver, Oliver, that's, Brexit, David Cameron, Theresa May, Boris Johnson, Liz Truss, Rishi Sunak, weirdos, Conservatives who've, Sunak, Kier Starmer Organizations: Service, Conservative Party, Thursday's, Business, Tories, Conservative, Conservatives, Labour, Prime, Business Insider Locations: Britain

☆ Trump isn't actually lying that low
▼ + stars: | 2024-07-05 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +1 min

Trump has not been quiet in the post-debate fallout. The former president has been posting consistently on Truth Social and scheduling campaign rallies. Not a man known for holding his tongue, Trump is beginning to turn his commentary to Kamala Harris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn the morning of July 5, Donald Trump posted on Truth Social 23 times in a span of 10 minutes.

Persons: Trump, Kamala Harris, —, Donald Trump, he's, Joe Biden's Organizations: Truth, Service, Business

☆ We still see lots of mid-market transactions and exit opportunities, says private equity investor
▼ + stars: | 2024-07-05 | 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 EmailWe still see lots of mid-market transactions and exit opportunities, says private equity investorSerena Tan, CEO of Gaia Investment Partners discusses the latest fund raising environment and investment opportunities in the private equity market.

Persons: Serena Tan Organizations: Gaia Investment Partners

☆ A top Russian banker says Russia's payment methods should be a 'state secret' because the West keeps shutting them down so fast
▼ + stars: | 2024-07-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russia faces intense pressure from sanctions targeting payment systems. A top Russian banker says the country should stop talking about payment mechanisms due to sensitivity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's top financial officials admitted the country is under huge pressure from sanctions as their methods for making trade payments keep getting shut down. On Wednesday, a top Russian banker said the methods should be made a "state secret" due to their sensitivity, Reuters reported.

Persons: —, Andrei Kostin, Russia's Organizations: Service, Reuters, VTB Bank, Business Locations: Russia, Russian

☆ The Labour Party is back in power in the UK after 14 years
▼ + stars: | 2024-07-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The Labour Party has triumphed in the UK general elections. UK Prime Minister Rishi Sunak has conceded defeat to Labour Party chief Keir Starmer. AdvertisementThe Tories are out, and the Labour Party is back in power. UK Prime Minister and Conservative Party leader Rishi Sunak conceded defeat in the country's recent general elections on July 4. "The Labour Party has won this general election, and I have called Keir Starmer to congratulate him on his victory," Sunak told reporters early on Friday morning in the UK.

Persons: Rishi Sunak, Keir Starmer, —, Sunak Organizations: Labour Party, Service, Prime, Conservative Party, Business

☆ Elon Musk mocks Mark Zuckerberg's big hydrofoil swag moment, says he prefers to work instead of having fun on yachts
▼ + stars: | 2024-07-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk has weighed in on Mark Zuckerberg's latest viral stunt. The Meta CEO posted a video of himself hydrofoiling while wearing a tuxedo. I prefer to work," Musk said of the video. I prefer to work," Musk wrote in an X post in response to the video. Zuckerberg went viral on Thursday after he posted a video of himself surfing on a hydrofoil to Facebook and Instagram.

Persons: Elon Musk, Mark Zuckerberg's, hydrofoiling, wasn't, Musk, —, Mark Zuckerberg, Zuckerberg Organizations: Service, Facebook

☆ Turkey's Erdogan wants to play both sides in the Ukraine war. Putin isn't having it.
▼ + stars: | 2024-07-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Turkey's pro-Western tilt and Ukraine support have strained the Erdoğan-Putin relationship. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTurkey's President Tayyip Erdoğan has long been eyeing the role of peacemaker in Russia's war with Ukraine. Erdoğan most recently pursued this ambition again on Wednesday when he told Russian President Vladimir Putin that Ankara could help end the war, Reuters reported, citing the Turkish presidency. The two leaders were speaking on the sidelines of the Shanghai Cooperation Organisation summit in Kazakhstan, which Putin is attending in person.

Persons: Erdoğan, Putin, —, Tayyip Erdoğan, Vladimir Putin Organizations: Kremlin, Service, Reuters, Shanghai Cooperation Organisation Locations: Russia, Ukraine, Turkey, Erdoğan, Ankara, Kazakhstan

☆ Trump can barely contain his glee at how one bad debate's making the Biden campaign self-destruct
▼ + stars: | 2024-07-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Former President Donald Trump doesn't think Biden's going to be his rival for much longer. He likened Biden to an "old, broken down pile of crap," per a video obtained by The Daily Beast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump seems to think President Joe Biden's campaign is over, and he can barely contain his excitement. He's quitting the race," Trump said of Biden's disastrous performance at last week's presidential debate.

Persons: Donald Trump doesn't, Biden, Kamala Harris, —, Donald Trump, Joe Biden's, Trump Organizations: Daily, Service, Business

☆ Russia 'really did not accomplish that much' despite delays in US aid for Ukraine, says US defense official
▼ + stars: | 2024-07-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

A delay in US funding for Ukraine didn't result in any gains on the battlefield for Russia, per the Pentagon. The Ukrainians "have done a good job of holding the line," a Pentagon spokesperson said on Tuesday. AdvertisementRussia wasn't able to get a leg-up in its war on Ukraine despite the delays in US funding, a Pentagon spokesperson said on Tuesday. "Russia continues to attempt to take ground, but the Ukrainians have done a good job of holding the line," Pentagon press secretary Maj. Gen. Pat Ryder said at a press briefing. According to Ryder, the US took seven months "to get additional security assistance and supplemental funding for Ukraine."

Persons: —, Pat Ryder, Ryder Organizations: Pentagon, Service, US, Ukraine, Business Locations: Ukraine, Russia

☆ Gavin Newsom has some big fans backing him for a 2024 presidential run — but they're in China
▼ + stars: | 2024-07-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Gavin Newsom has brushed aside calls for him to replace President Joe Biden on the ballot. One user said that Newsom is good looking and is "really suitable to be president." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gavin Newsom might have maintained his support for President Joe Biden, but Newsom's Chinese fans think it's time for him to lead his country. "The California governor is really suitable to be president.

Persons: Gavin Newsom, Joe Biden, Newsom, —, Bill Clinton Organizations: California Gov, Service, Weibo, California Democrat, Business Locations: California, China

☆ Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
▼ + stars: | 2024-07-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russia's economy, boosted by military activity, is now classified as high-income by the World Bank. The World Bank also upgraded Bulgaria and Palau, while the West Bank and Gaza were downgraded. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's economy has defied sanctions in the two years since Moscow invaded Ukraine in February 2022 — so much so that the World Bank is now classifying Russia as a "high-income country." On Monday, the World Bank announced it has upgraded Russia from an upper-middle-income country to a high-income country, according to a report from the financial institution's economists.

Persons: — Organizations: World Bank, Bank, West Bank, Service, Business Locations: Bulgaria, Palau, Gaza, Moscow, Ukraine, Russia

☆ China can end the Ukraine war with a single phone call to Putin, says NATO member
▼ + stars: | 2024-07-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

China could end Russia's war on Ukraine if it wanted to, says Finland President Alexander Stubb. "Russia is so dependent on China right now," Stubb told Bloomberg on Tuesday. But some analysts believe that China doesn't really want the war to end. AdvertisementChina could hold the key to ending Russia's war in Ukraine, Finland President Alexander Stubb said in an interview with Bloomberg on Tuesday. China's influence on Russia, Stubb said, stemmed from the latter's growing reliance on the Asian giant as it grapples with crippling economic sanctions from the West.

Persons: Alexander Stubb, Stubb, —, Xi Jinping Organizations: Bloomberg, Service, Business Locations: China, Ukraine, Finland, Russia

Tightness in labor markets is boosting the use case of robotics, Morgan Stanley says, predicting a boom in humanoids — or robots in human form. "Advancements in AI are transforming the robotics industry," Morgan Stanley analysts said in a June 26 report called: "Humanoids: Investment Implications of Embodied AI." The bank forecasts a humanoid population of 40,000 by 2030, 8 million by 2040 and 63 million by 2050. Morgan Stanley is not alone in its bullish stance on humanoids. Still, Morgan Stanley outlined a number of sectors set to potentially benefit from humanoids, with social care likely to be the largest total addressable market.

Persons: Morgan Stanley, it's, Elon Musk, Morgan Stanley's, —, Michael Bloom, Lora Kolodny Organizations: Labor, Morgan Locations: China, United States, Asia, Europe

☆ The Biden campaign is celebrating the wins they can get and touting the $33 million in donations they managed to rake in post-debate
▼ + stars: | 2024-07-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The Biden campaign said it raised $33 million after the first presidential debate of the year. The campaign said that half of the funds raised came from first time donors. The spike in donations provides some relief for Biden who is facing growing calls to step aside. AdvertisementSupporters of President Joe Biden may have been unnerved by his bad performance at Thursday's presidential debate, but that didn't seem to hinder his campaign's fundraising efforts. "$33 million raised since the debate, $26 million from grassroots donors," Biden deputy campaign manager Rob Flaherty said in an X post on Sunday.

Persons: Biden, —, Joe Biden, Rob Flaherty Organizations: Biden, Service

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