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☆ How Jaguar plans to save itself
▼ + stars: | 2024-12-04 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +5 min

Glover said the first actual production model Jaguar is expected to launch in 2026 and will closely resemble the concept. Jaguar Land Rover hit an annual sales record in 2017. Though that was largely thanks to the success of Land Rover's three lines of muscular SUVs, Jaguar sales hit 178,601, a 20% increase over the previous year, at that point. Jaguar's struggles are not unique, said Karl Brauer, executive analyst for iSeeCars, a car shopping website and data provider. "Going volume definitely didn't help," said Charles Tennant, an independent auto analyst who is both the former chief engineer at Land Rover and a former director at Tata Motors, who advised the Indian carmaker on the Jaguar and Land Rover acquisition.

Persons: Glover, Rawdon Glover, —, Karl Brauer, Aston Martin, Ford, Charles Tennant, Tennant, Enzo Ferrari, it's, Jessica Caldwell Organizations: Miami Art, Rover, PACE, Ford Motor, iSeeCars, Tata Motors, Land Rover, Geneva Auto, Italian, Edmunds, GMC Hummer Locations: Geneva

☆ Jeff Bezos says he will try to talk Trump out of idea that the news media is an ‘enemy’
▼ + stars: | 2024-12-04 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Jeff Bezos hopes Donald Trump has changed. “I don’t think the press is the enemy,” Bezos told Andrew Ross Sorkin. “The press is not the enemy, let’s go persuade him of this.”While Trump famously targeted Bezos and his companies during his first term, Bezos said he was “very optimistic” about a second Trump administration and suggested he even wants to help the incoming president. The Washington Post, which Bezos acquired in 2013 for $250 million, has struggled in the face of dwindling audience traffic and subscriptions. Alphabet CEO Sundar Pichai also briefly commented on the incoming Trump administration in a separate interview during Wednesday’s event.

Persons: Jeff Bezos, Donald Trump, Trump, ” Bezos, Andrew Ross Sorkin, “, let’s, Bezos, ”, ” Trump, Kamala Harris, “ I’m, “ We’re, Mark Zuckerberg, Elon Musk, –, Sundar Pichai, Pichai, “ he’s Organizations: New, New York CNN, The New York Times, Amazon, Washington Post, Trump, News Washington Post, Pentagon, SpaceX Locations: New York

☆ How UK Export Finance is supporting ethnic minority-led businesses to achieve their global ambitions
▼ + stars: | 2024-12-03 | by ( Sponsored Uk Export Finance | ) www.businessinsider.com time to read: +7 min

UK Export Finance helps ethnic minority-led businesses win, fulfill, and get paid for international business by providing guarantees, insurance and loans to support export activities. UK Export Finance (UKEF) is the UK government's export credit agency. UKEF can help ethnic minority-led businesses through its network of regional Export Finance Managers (EFMs) based around the UK. Once a business has an export plan in place, UK Export Finance can make it a reality by providing finance support. Supporting ethnic minority-led businesses to access export financeEthnic minority-led businesses contribute £25 billion to the UK economy per year, according to research from the Federation of Small Business.

Persons: Hitesh Patel, EFMs, Alissia Deane, Patel, Deane, they're, it's Organizations: Export Finance, UKEF's Export Insurance, Department for Business and Trade, Federation of Small, UK Finance, Research, The British Business Bank, London Chamber of Commerce, Venture Capital, UKEF, Department for Business, Trade, UK Export Finance, Insider Studios Locations: London, West Yorkshire, DBT, UKEF

☆ EY is set to cut 150 senior consultants as the Big 4 battles slowing demand
▼ + stars: | 2024-12-02 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementEY is set to cut 150 UK consultancy jobs amid a fall in demand for advisory services. Big Four consulting firms have launched a number of small rounds of cuts in recent months. EY is set to cut 150 jobs in its UK consultancy division as demand slows for advisory services. Regrettably, proposals put forward in part of the UK consulting practice may result in a reduction of 150 roles," an EY spokesperson told Business Insider. EY employs around 4,700 people in its consulting division in the UK.

Persons: EY, Benoit Laclau, Laclau, Deloitte Organizations: Big, Revenue, Deloitte Locations: London, Ireland

☆ The Secret Pentagon War Game That Offers a Stark Warning for Our Times
▼ + stars: | 2024-12-02 | by ( William Langewiesche | ) www.nytimes.com time to read: +2 min

Britain, France, China, Israel, India and Pakistan had already made their voices heard, then North Korea joined in, with Iran seemingly poised to follow, with all the chatter multiplying the opportunities for miscommunication. Now China, after years of contenting itself with a diminutive retaliatory arsenal, has changed its mind and is striving to rival the United States and Russia. Key arms-control treaties have expired or been abandoned, and there is little immediate hope for new ones. Having fallen from 70,000 warheads at the height of the Cold War to about 12,000 today, the global arsenal has begun again to grow, according to the Federation of American Scientists. Whether justified or not, these concerns are destabilizing.

Organizations: North, Federation of American Scientists Locations: Britain, France, China, Israel, India, Pakistan, North Korea, Iran, contenting, United States, Russia

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Persons: Selena Gomez, Pick Mejuri Puffy Charlotte Huggies, Gabrielle Chase, you've Organizations: Business, exampl, Mejuri

☆ 4 predictions for the US housing market in 2025, according to Zillow
▼ + stars: | 2024-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US housing market will keep shifting in 2025, according to Zillow. Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said. Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says. In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic. Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.

Persons: Zillow, Freddie Mac, Skylar Olsen, Olsen, there's Organizations: National Association of Realtors

☆ Israel's powerful air defense systems look increasingly vulnerable to attack
▼ + stars: | 2024-11-30 | by ( ) www.businessinsider.com time to read: +6 min

"The Israeli Air Force does continue to rule the skies, but under the noses of the advanced fighter jets, a new air layer has been created." Above all, it strives to locate, endanger, and destroy key elements of the air defense system itself." "The degree of mobility, protection and hiding ability of the Israeli air defense system is inadequate. Unlike similar systems in the world, our air defense system was not built with synchronization as a critical goal." Meanwhile, the IDF's air defense corps switched its focus from anti-aircraft to missile defense.

Persons: Eran Ortal, Ran Kochav, Israel —, Ortal, Kochav, Ariel Schalit, Michael Peck Organizations: Sadat Center, Strategic Defense, Bar, Ilan University, Israeli Air Force, Air Force, Hezbollah, Arrow, AP, Israel's Air Force, IDF, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Israel, Tel Aviv, Iran, Britain, Lebanon, Ukraine, Soviet, Kippur, Syrian, Forbes

☆ Ukraine's tiny navy is using a WWI-era tactic to confuse its enemy
▼ + stars: | 2024-11-30 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Ukraine's navy has revealed a fresh paint job on some of its vessels, which appear to have adopted a World War I-era tactic of using dazzle camouflage. The Ukrainian navy shared the images on social media on Thursday, showing versions of the paintwork. The boats were pictured taking part in a demonstration for naval experts from Denmark, which is cooperating with Ukraine on various naval issues, Ukraine's navy said. Dazzle camouflage first emerged in World War I as a means to confuse enemy submarines and reduce their ability to effectively aim torpedoes. Ukraine's navy has no large ships on active duty and consists mainly of small vessels, like those seen in the recent images.

Persons: Tamar, HMS, Aaron Chown, Denmark's Organizations: Artillery, Ukrainian Navy, Royal United Services Institute, BBC Locations: Ukrainian, Denmark, Ukraine, Russia, Sevastopol, Crimea, Novorossysk

☆ What’s happening in Syria? A simple guide
▼ + stars: | 2024-11-30 | by ( Lauren Kent | ) edition.cnn.com time to read: +5 min

The offensive is the first time opposition forces have seized territory in Aleppo since 2016, shattering the stalemate of a war that never formally ended. Extremist Islamists including al Qaeda took an interest in Syria, taking up a common cause with the moderate Syrian opposition who did not welcome jihadist involvement. Analysts told CNN that the Syrian rebels are using a vacuum left by the group to advance in Syria. The new grouping is made up of a broad spectrum of opposition forces, from Islamist factions to moderates. The backbone of the SDF are Kurdish fighters from a group known as the Peoples’ Protection Units (YPG), which has previously fought other Syrian opposition groups.

Persons: CNN —, Bashar al, Assad, Assad –, Syria’s, al Qaeda, al, CNN’s Eyad Kourdi, Ben Wedeman, Mostafa Salem, Christian Edwards Organizations: CNN, Saudi, United Arab, Guard, Syrian Air Force, Russian, ISIS, Syrian Democratic Forces, Operations Command, ”, Iranian, Analysts, Nusra, Peoples ’ Locations: Aleppo, Syria, Turkey, Saudi Arabia, United Arab Emirates, United States, Iran, Russia, Kurdish, Idlib, Ukraine, Israel, Syria’s, Hayat Tahrir, Qaeda, al Qaeda

Like rural communities across the country, Celina is seeing a housing boom that made it America’s fastest growing city in 2023. With more than 200 people moving there each week, the city projects it will have more than 100,000 residents by 2029. “Southern Collin County is just getting really, really, really expensive. Keeping Celina relatively affordable has also been a challenge for local officials with the typical home now selling for around $550,000. As land prices go up in Celina, developers like Plute’s Swindell are looking even further north to be able to build homes in the $300,000 price range.

Persons: Suzanne D’Amico, ”, D’Amico, Ryan Tubbs, Prosper, Anna, Bryan Swindell, “, Celina, LaCinda Russell, She’s, I’ve, Russell, Collin County, Kelcey Kasper, “ They’re, ” Kasper, Jasmine Hughes, Hughes, ” Hughes, Luke Thigpen, ” Thigpen, she’s, “ We’ve, “ I’ve Organizations: U.S . Department of, Celina, homebuilders, PulteGroup’s Dallas Division, Walmart, Costco, Nationwide, ” Locations: Dallas, Celina , Texas, Celina, America, California, Collin County, Princeton, Collin, Frisco, McKinney, Princeton , Texas, North Texas, it’s

☆ How Amazon revamped its AI-sales machine to compete with OpenAI, Microsoft, and Google
▼ + stars: | 2024-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

AdvertisementAWS faces competition from OpenAI, Microsoft, and Google in AI, risking its cloud dominance. It offers new financial incentives for AI sales. "This is a great time to partner with our sales teams for this #OneTeam effort," AWS said in an internal memo obtained by Business Insider. Many AWS sales teams have new performance targets tied to AI products. The Find One, Launch One, Ramp One initiative includes AWS sales architects.

Persons: Matt Garman, Einat Weiss, they're, salespeople, Garman, AWS's, Microsoft Satya Nadella, Justin Sullivan, Q, hasn't Organizations: Microsoft, Google, North, Business, AWS, Messaging, Amazon, BI, there's, Amazon Connect Locations: OpenAI, North America

☆ Is the vibecession about to end?
▼ + stars: | 2024-11-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Optimism surged post-2016 election, with small businesses planning to hire more employees. Yes, that's a portmanteau of vibes and expansion, and it's the upbeat version of its better-known cousin, the vibecession. Advertisement"Small business owners lean Republican," said Oliver Allen, a senior US economist at Pantheon Macroeconomics, in a November 12 note. Goldman Sachs"After Donald Trump was elected the 45th President in November 2016, the National Federation of Independent Businesses (NFIB) small business optimism index skyrocketed. "We expect an improving small business operating environment will boost the sentiment and spending of SMBs in 2025 and lift the earnings and valuation of stocks with revenues tied to that spending."

Persons: Kyla Scanlon, National Bureau of Economic Research hasn't, there's, Donald Trump's, Oliver Allen, Goldman Sachs, Donald Trump, David Kostin, they're, Daniel Zhao, Louis, Zhao Organizations: National Bureau of Economic Research, Pantheon, National Federation of Independent Businesses, Chief US, Economics, Workers, Glassdoor, Louis Fed Locations: St

☆ U.S., China and more: Value investor reveals what to buy as Trump tariffs loom
▼ + stars: | 2024-11-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

News that U.S. President-elect Donald Trump's plans to hike tariffs on imports from China, Canada and Mexico sent ripples across global markets Tuesday. Asian markets traded broadly lower , but Chinese stocks held up surprisingly well. Peter Boockvar, chief investment officer at the U.S.-headquartered Bleakley Financial Group, said China is better prepared to cope with tariffs than in 2016. Referencing the impact of the tariffs imposed by the Trump administration in 2016, Boockvar said it was "negative, not a benefit" in aggregate. 'A lot of value' Beyond the U.S., Boockvar said Asian markets including China, Japan, Singapore and Vietnam were offering "a lot of value."

Persons: Donald Trump's, Peter Boockvar, It's, CNBC's, Trump, Boockvar, Russell, Stocks, EQT Organizations: Bleakley Financial, Nvidia, Microsoft, Vegas Sands Corp, Melco Resorts & Entertainment, AIA, Hong Kong Stock Exchange Locations: China, Canada, Mexico, U.S, Japan, Singapore, Vietnam, Bay Sands, Asia, Europe

☆ Ceasefire brings ‘unusual’ calm for northern Israelis, but fears of Hezbollah threats persist
▼ + stars: | 2024-11-27 | by ( Jeremy Diamond | Mike Schwartz | ) edition.cnn.com time to read: +8 min

CNN visited the border town of Shtula on Wednesday just hours after the ceasefire took effect. The town is one of the most dangerous places in northern Israel, having faced the threat of Hezbollah’s anti-tank missiles for months. Jalaa Marey/AFP/Getty ImagesOra Hatan, who remained in her home in Shtula, said the morning of the ceasefire deal was “unusual” after months of relentless artillery fire. Hatan’s fears have not, however, subsided with the ceasefire deal. Israeli President Isaac Herzog said the Lebanon ceasefire deal needs to ensure the safety of residents in northern Israel.

Persons: Israel CNN —, Shtula, Jalaa Marey, Ora Hatan, ” Hatan, “, we’re, ”, Hatan, Joe Biden, Israel “, Isaac Herzog, Guy Amilani, Eilon, Amir Levy, ‘, Benjamin Netanyahu, Kiryat, Avihay Shtern, there’s, Netanyahu, Shtern –, ” “, ” Shtern, Shtern, Ronen Zvulun, ” Ori Eliyahu, ” Eliyahu Organizations: Israel CNN, CNN, Getty, United Nations Security, Lebanese, UN, Lebanese Ministry of Public Health, Hezbollah, Reuters Locations: Israel, Lebanon, United States, Shtula, Lebanese, Galilee, AFP, Beirut, Nahariya, Kiryat Shmona, Israel’s, Gaza, Israeli, Iran

☆ Video captures frightening crash landing of small plane into tree
▼ + stars: | 2024-11-27 | by ( Josephine Hitchings | ) edition.cnn.com time to read: 1 min

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☆ CNBC Daily Open: Investors really like Trump’s Treasury secretary pick
▼ + stars: | 2024-11-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Stefani Reynolds | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This time, it's revved up by Trump's Treasury secretary pick — Scott Bessent. "I would recommend that tariffs be layered in gradually," Bessent told CNBC earlier this month before his nomination. Small-cap stocks performed even better, probably because Bessent has expressed support for Trump's economic agenda, which would benefit smaller, domestically oriented companies.

Persons: SPX, Scott Bessent, Stefani Reynolds, it's, — Scott Bessent, Bessent, —, Russell, Quincy Krosby, Alex Harring, Hakyung Kim Organizations: Key, Bloomberg, Getty, CNBC, Group, Trump, Dow Jones, Nasdaq, Treasury, LPL Locations: Washington , DC, U.S

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Persons: Erno Laszlo, Erno Laszlo Black, Greta Garbo, Katherine Hepburn, Laszlo, Erno Lazlo, Laszlo Hydra, Erno Laszlo Shake Organizations: Business

Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years. Macy's said it discovered the issue while preparing its financial report for the three-month period ending Nov. 2. The company said the employee, who was responsible for the accounting of small package delivery expenses, "intentionally made erroneous accounting accrual entries" to hide about $132 million to $154 million from the fourth quarter of 2021 through the most recently completed quarter. The independent investigation hasn't identified any other Macy's employee, the company said. The move will leave 350 Macy’s locations, as well as Bloomingdale’s and Bluemercury beauty and skin care stores, which the company said have been “outperformers” within the Macy’s portfolio.

Persons: Macy’s, didn't, Macy's, Tony Spring Organizations: Inc

☆ The UN climate summit ended in bitterness and accusations of betrayal. Now fears are growing for its future
▼ + stars: | 2024-11-25 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

“The dismal outcomes of COP29 … have raised serious concerns about the integrity of the global climate negotiation process,” said Harjeet Singh, of the Fossil Fuel Treaty Initiative. Fossil fuel interests unleashedCOP climate summits are always painstaking and fraught. More than 1,700 fossil fuel industry players and lobbyists registered to attend the summit, heavily outnumbering most country delegations. Climate groups compared the final deal to a band-aid on a bullet wound, and developing countries reacted with fury. Billed as the most important climate summit since Paris, it’s here countries will set out their climate plans for the next 10 years.

Persons: Ilham Aliyev, Rich, ”, Harjeet Singh, Payam Akhavan, COP29, Mukhtar Babayev, Maxim Shemetov, Donald Trump, “, Margaretha Wewerinke, Singh, Akhavan, populists, Friederike Otto, ” CNN’s Ella Nilsen Organizations: CNN, United Nations, Union, COP29 United, Change, Imperial College London, Putin, Co Locations: Baku, Azerbaijan, COP29, US, Paris, Small, States, Russia, Argentina, petrostates, Saudi Arabia, Vanuatu, COP30, Brazil, it’s, petro

☆ Southwest Airlines Makes Changes, but They Haven’t Been Enough
▼ + stars: | 2024-11-24 | by ( Niraj Chokshi | ) www.nytimes.com time to read: 1 min

Three years ago, Southwest Airlines started flying out of Bellingham, Wash., a growing city near the Canadian border, aiming to do what it had done in dozens of smaller airports — sell lots of tickets to people who have few other travel options. Officials and residents in Bellingham, which sits between Seattle and Vancouver, British Columbia, were thrilled as the airline added new nonstop service to cities on the West Coast at affordable prices. “The community embraced them, and we loved having them,” said Rob Fix, the executive director of the Port of Bellingham, which oversees the airport. But the expansion didn’t work as planned. This year, facing unexpected costs and challenges, Southwest left Bellingham and a handful of other cities it had started serving during an ambitious period of growth early in the recovery from the pandemic — markets that it said were underperforming.

Persons: ”, Rob Fix Organizations: Southwest Airlines, Southwest Locations: Bellingham, Wash, Seattle, Vancouver, British Columbia, Coast, Port of Bellingham

☆ I was thrilled the first time my son came home from college for the holidays. It wasn't always easy.
▼ + stars: | 2024-11-24 | by ( Laura Falin | ) www.businessinsider.com time to read: +5 min

AdvertisementWhen my son came home from college, he spent the night at a friend's house without telling me. My son went to college about an hour and a half away, which was far enough away that he needed to live on campus. AdvertisementI understand he's becoming more independentI know my son is much more independent now than when he lived at home. I don't know where he is unless I call or text him, and he chooses to tell me. When my college kid came home and reached for a soda on a Wednesday, his siblings lost their minds.

Persons: they'd, he's, there's, we're, they're, I'm, he'll, He's

☆ UN talks in disarray as a draft deal for climate cash is rejected by developing nations
▼ + stars: | 2024-11-23 | by ( Story Associated Press | ) edition.cnn.com time to read: +6 min

Baku, Azerbaijan AP —As nerves frayed and the clock ticked, negotiators from rich and poor nations were huddled in one room Saturday during overtime United Nations climate talks to try to hash out an elusive deal on money for developing countries to curb and adapt to climate change. We need to speak to other developing countries and decide what to do,” Evans Njewa, the chair of the LDC group, said. The rough draft discussed on Saturday was for $300 billion in climate finance, sources told AP. Until we’re tired, until we’re delusional from not eating, from not sleeping.”Activists protested for climate finance grants for poor countries at the United Nations talks. Sean Gallup/Getty ImagesWith developing nations’ ministers and delegation chiefs having to catch flights home, desperation sets in, said Power Shift Africa’s Mohamed Adow.

Persons: ” Evans Njewa, Susana Mohamed, John Podesta, Juan Carlos Monterrey Gomez, ” Gomez, Sean Gallup, Mohamed Adow, ”, Teresa Anderson, Luis Acosta, “ We’re, Eamon Ryan, it’s, ” Ryan, Alden Meyer, ” Jiwoh Emmanuel Abdulai, “, Nabeel Munir, Monterrey Gomez Organizations: Azerbaijan AP, Nations, Alliance of Small, Associated Press, European Union, ”, United Nations, Action, Colombia's, Unit for, Risk Management, Getty Locations: Baku, Azerbaijan, Colombia, United States, Panama, Paris, AFP, Sierra Leone, Pakistan

☆ Couple accused of stealing nearly $1 million worth of Lululemon products across the country
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

A Connecticut couple is accused of stealing around $1 million worth of items from Lululemon stores across the country, according to a complaint filed in Minnesota District Court. Jadion Richards, 44, and Akwele Lawes-Richards, 45, were arrested at a Lululemon store in Woodbury, Minnesota, and charged with organized retail theft on Nov. 14. According to the complaint, the couple had visited another Lululemon location in Roseville, Minnesota, the day before with an unidentified man, where they allegedly stole almost $5,000 worth of items. The investigator explained how the couple allegedly run their theft scheme, with Richards typically entering the store first and purchasing a couple of small items. Suitcases containing an estimated $50,000 worth of Lululemon clothing were found in the room.

Persons: Jadion Richards, Akwele Lawes, Richards, Lululemon, Lawes Locations: Connecticut, Minnesota, Woodbury , Minnesota, Roseville , Minnesota, Marriott, Bloomington , Minnesota, Ramsey

WASHINGTON — The House Oversight Committee announced Thursday that Republicans plan to create a subcommittee that would work with Elon Musk and Vivek Ramaswamy on President-elect Donald Trump's recently announced advisory group, the "Department of Government Efficiency." Greene and the Trump team didn't immediately respond to requests for comment. The lawmakers have already met and are working with the team, including Ramaswamy, a person familiar with the effort said. "We’re going to work very closely with Elon Musk and Ramaswamy, Comer said during an interview with Fox Business on Thursday. Greene has served on the Oversight Committee since Republicans retook the House majority in 2023.

Persons: WASHINGTON, Elon Musk, Vivek Ramaswamy, Donald Trump's, Marjorie Taylor Greene, James Comer, Greene, didn't, Trump, Musk, Ramaswamy, Comer, We’ve Organizations: Elon, Department of Government, GOP, Rep, Fox News, Trump, Ramaswamy, Fox Business, Wall Street, White, Office of Management, Budget, Republicans Locations: Ky

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