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Boeing is lauding an employee who reported a lapse with the 787 Dreamliner's safety checks. A senior Boeing executive said the employee should be celebrated for doing the "right thing." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Boeing employee who raised an issue with the 787 Dreamliner's quality checks to his superiors did the "right thing," a senior executive of the company said last week. "I wanted to personally thank and commend that teammate for doing the right thing," Scott Stocker, who heads the 787 manufacturing program, said in an internal memo on April 29.
Persons: , Scott Stocker, " Stocker Organizations: Boeing, Service, Business
Tesla is planning to rollout its robotaxis in China, state-owned newspaper China Daily reported. Elon Musk suggested implementing Tesla's Full Self-Driving technology in China's taxi services. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla CEO Elon Musk is looking to to deploy his company's Full Self-Driving (FSD) technology in China's taxi services, Chinese state-owned newspaper China Daily reported on Tuesday. The Tesla chief made a surprise visit to China last month, where he met the country's second-highest-ranking politician, Premier Li Qiang.
Persons: Tesla, Elon Musk, , Li Qiang Organizations: China Daily, Service, Tesla, Bloomberg Locations: China
U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. The Dow Jones Industrial Average had its fourth consecutive winning session on Monday, and the S&P 500 also climbed for the past four days. Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. CNBC Pro screened FactSet for stocks from four exchange-traded funds. — Weizhen Tan
Persons: Weizhen Tan Organizations: Dow Jones, Tech, CNBC Locations: China
Read previewNoah Kagan, an early Facebook employee, may have worked for Mark Zuckerberg for only nine months, but he says the brief stint taught him a lot about Zuckerberg's management style. Then I got fired," Kagan wrote in an X post on Tuesday before launching into what he said were the "10 non-obvious lessons" he picked up from Zuckerberg. Kagan joined Facebook as a product manager in 2005, the same year Zuckerberg dropped out of Harvard University to run the company full time. Representatives for Kagan and Zuckerberg didn't immediately respond to a request for comment from Business Insider sent outside regular business hours. Zuckerberg told employees in January 2023: "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."
Persons: , Noah Kagan, Mark Zuckerberg, Kagan, Zuckerberg, uPGrc5aq6V — Noah Kagan, Mark, he's, Zuckerberg didn't, Meta Organizations: Service, Facebook, Zuckerberg, Business, Harvard University, Harvard, LinkedIn, Business Insider, Meta
US presidential candidates Biden and Trump both vow to get tough on China. EIU predicts worsening US-China economic and diplomatic ties over the 2020s. EIU doesn't expect US trade policies to significantly reduce China's role in global production networks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US presidential election is less than six months away, and Democratic and Republican presidential nominee frontrunners Joe Biden and Donald Trump have both vowed to get tough on China.
Persons: Trump, EIU, , frontrunners Joe Biden, Donald Trump, Biden Organizations: Biden, Service, Democratic, Republican, Economist Intelligence Unit, Business Locations: China
Kevin O'Leary said he would've fired the Hims & Hers CEO for backing the pro-Palestinian protests. AdvertisementHims & Hers CEO Andrew Dudum should have been fired immediately for supporting the pro-Palestinian student protesters, says "Shark Tank" host and investor Kevin O'Leary. On May 1, Dudum said in an X post that student protesters should "keep going" because "it's working." People are very polarized by this war, as they are in every war," O'Leary said. Last week, the businessman said in an interview on Fox News' "The Five" that pro-Palestinian student protesters will be "screwed" when they start job hunting.
Persons: Kevin O'Leary, would've, Andrew Dudum, " O'Leary, Dudum's, , O'Leary, Dudum, you’re, Dudum didn't, CNN's Laura Poole Organizations: Service, Palestinian, Fox Business, Columbia University, UCLA, BI, Fox News, Google, National Labor Relations Board Locations: Israel, Gaza
Russia's military is paying more in sign-on bonuses and salaries than the oil and gas sector. Russia's oil and gas revenues have been keeping its war chest filled. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia is facing a labor crisis as its war with Ukraine siphons manpower away from the country's economy. Russia's oil and gas sector has been paying wages that are at least two-thirds higher than the national average wage since 2017, per Bloomberg calculations based on official data.
Persons: Organizations: Service, Bloomberg, Business Locations: Russia, Ukraine
China stocks have staged such a strong rally after a protracted slump for the past few years that they're beating even the S & P 500 so far this year. The MSCI China index, which includes the mainland A-shares, Hong Kong-listed shares and U.S.-listed China names, has jumped around 9%, while the KraneShares CSI China Internet ETF is up around 13%. Most analysts said whether the rally can be sustained will largely depend on China policy. How to play China Though most were bullish on China stocks, they would be selective in stock-picking. They include: SPDR S & P China ETF iShares MSCI China A ETF Global X MSCI China Consumer Disc ETF iShares MSCI Hong Kong ETF — CNBC's Michael Bloom contributed to this report.
Persons: Bernstein, it's, , Goldman Sachs, Kevin Liu, CICC, Nomura's, Goldman, Kweichow, Ping, Morningstar, Michael Bloom Organizations: U.S, CSI China, Investors, CICC Research, CNBC, BYD, SAIC, Changan Automobile, Energy, Anhui, Cement, JPMorgan, Kuaishou, Ping An Insurance, China Merchants Bank, Hong, China, iShares, China Consumer Locations: China, Hong Kong
Berlusconi, Cicchitto said, was accompanying Putin on a hunting trip in the Russian countryside when Putin spotted a pair of deer. After shooting the deers, Putin told Berlusconi he would prepare an extraordinary meal with it, per Cicchitto's recount. According to Cicchitto, Putin proceeded to cut open one of the deer's body with a hunting knife. Berlusconi might have balked at Putin's culinary offering, but the former Italian prime minister shared a close relationship with Putin. In fact, eating a deer's heart is probably not that strange once you consider what else Putin has done with animals, per prior accounts.
Persons: , Vladimir Putin, Silvio Berlusconi, Fabrizio Cicchitto, della Sera, Berlusconi, Cicchitto, Putin, Silvio, Putin's machismo, he's, didn't Organizations: Service, Forza Italia, della, Business, BI Locations: Italian, Russia, Russian, Cicchitto, Ukraine
Russia will make advances in the "coming period" even though US aid to Ukraine is coming, he said. "You can't instantly flip the switch," Sullivan said. Sullivan was speaking at The Financial Times Weekend Festival in Washington on Saturday when he offered his assessment of the Ukraine war. AdvertisementA counteroffensive, where Ukraine can "move forward to recapture the territory that the Russians have taken from them," will only take place in 2025, Sullivan said. Advertisement"The severity of this moment cannot be overstated: If we do not continue to support Ukraine, Ukraine could lose," said Cavoli, who is also NATO's Supreme Allied Commander in Europe.
Persons: Russia isn't, Jake Sullivan, Sullivan, , didn't, Sullivan's, Christopher Cavoli, Cavoli Organizations: Service, The Financial, BI, GOP, US, Armed, Institute for Locations: Ukrainian, Russia, Ukraine, Washington, Russian, Europe
Xi is spending two days in France, meeting French President Emmanuel Macron on Monday before heading to Serbia and Hungary. "I'm calling for an 'aggiornamento' because China is now in excess capacity in many areas and exports massively to Europe," Macron told La Tribune Dimanche, per a Bloomberg translation. She said China's trade practices are leading to unfair trade that are "market-distorting" and "could lead to deindustrialization in Europe." China has pushed back on the West's claims of overcapacity, accusing the bloc of being protectionist and of trying to curb China's economic development. However, Europe — like China — isn't quite the same anymore, following years of economic malaise punctuated by the pandemic and the war in Ukraine.
Persons: , Janet Yellen, Olaf Scholz, Xi Jinping's, Emmanuel Macron, Macron, Matt Geraci, Geraci, Ursula von der Leyen, Von, Leyen, Léonie Allard, Allard, Xi Organizations: Service, State Authority, European Union, Business, La Tribune Dimanche, Atlantic, Associated Press, European, overcapacity, Council's Locations: China, France, Serbia, Hungary, European, Germany, Europe, Beijing, Washington, Russia, Ukraine
Two stocks have dominated the memory chip market: Samsung and SK Hynix . SK Hynix is already the primary supplier of HBM3 chips to Nvidia's AI chipsets. SK Hynix Trent Masters, global portfolio manager at Alphinity Investment Management, says he prefers SK Hynix. Nam Hyung Kim, partner at Arete Research, also prefers SK Hynix, giving it a buy rating and Samsung a neutral rating. "[But I] also anticipate a buying opportunity on SK Hynix once it is adjusted due to intensifying competition in HBM3E," said Kim.
Persons: TSMC, Masters, Nam Hyung Kim, Nam, Sung Kyu Kim, Kim, , Sheila Chiang Organizations: Big Tech, Nvidia, Samsung, SK Hynix, South, South Korean, CNBC, SK Hynix Trent Masters, Alphinity Investment Management, Micron, SK Hynix's, Arete Research, Daiwa Locations: Asia, Pacific, HBM3, HBM3E
"Commander, say hello to Cricket for me," Noem wrote in her memoir. Noem said of Biden's family dog, Commander, in an appearance on CBS's "Face the Nation" on Sunday. Advertisement"I hated that dog," Noem wrote in her book, which is set to be published on Tuesday. In her book, Noem also referenced Commander, and suggested that the Bidens' dog meet the same fate Cricket did. "Commander, say hello to Cricket for me," Noem wrote in her memoir, per an excerpt obtained by CNN.
Persons: Joe Biden should've, Kristi Noem, Noem, , Joe Biden, Joe Biden's, Margaret Brennan, Brennan, Biden didn't, Donald Trump's, Trump, Ron DeSantis, Sen, Tim Scott of, Ohio's Sen, JD Vance Organizations: Service, GOP, CNN, White, WH, Biden, Noem, BI, Cricket, The New York Times, South Dakota Republican, Politico, Gov Locations: South Dakota, Florida, Tim Scott of South Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCentury Pacific Group's Christopher Po discusses balancing social impact and financial growthCNBC's Christine Tan speaks with Century Pacific Group’s President & CEO, Christopher Po, on making a positive impact in communities while also making a good financial return.
Persons: Christopher Po, Christine Tan Organizations: Pacific
Century Pacific Group's CEO on his growth mantra
  + stars: | 2024-05-06 | 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 EmailCentury Pacific Group's CEO on his growth mantraChristopher Po, president and CEO of Century Pacific Group, speaks with CNBC's Christine Tan about the challenges he faced in entering new food market categories, as well as the company's growth outlook.
Persons: Christopher Po, CNBC's Christine Tan Organizations: Century Pacific Group
Jack Dorsey has gone from loving to hating to loving Elon Musk again. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwitter co-founder Jack Dorsey might have once been a critic of Elon Musk's changes to his creation. But all that seems to be water under the bridge now for Dorsey, who's now seemingly in his "I Love Elon" era. For starters, Dorsey unfollowed over 2,000 accounts on X over the weekend, leaving just three accounts — Elon Musk, NSA whistleblower Edward Snowden, and Stella Assange, the wife of Wikileaks founder Julian Assange.
Persons: Jack Dorsey, Elon Musk, Bluesky, Dorsey, , Elon, who's, Dorsey unfollowed, Edward Snowden, Stella Assange, Julian Assange Organizations: Service, Twitter, NSA
Jon Stewart says Joe Biden, 81, is just too old to be president. AdvertisementA second Trump term may be frightening, but President Joe Biden is just too old to be reelected, says comedian Jon Stewart. "I know liberals say, 'Don't say Joe Biden is old' — don't say what people see with their own eyes," Stewart said of the 81-year-old president. Advertisement"I'm not saying that Biden can't contribute to society, he just shouldn't be president," Stewart told his audience. Representatives for Stewart, Biden, and Trump didn't immediately respond to requests for comment from BI sent outside regular business hours.
Persons: Jon Stewart, Joe Biden, Stewart, Biden, , Trump, Donald Trump, that's, Biden's, hasn't, Trump's Organizations: Service, Trump, Netflix, Hollywood, Biden, Oval, MSNBC, BI, Politico
The dividend yield differential between Europe and the U.S. is the narrowest it's ever been, making Europe more appealing, according to Goldman Sachs. Goldman said there are also good opportunities in value stocks right now, particularly in banks and energy. The MSCI Europe Value index offers a dividend yield of 4.8% — 2.8 times that of the MSCI Europe Growth. Goldman added that the volatility surrounding rates now suggests that value stocks should continue to outperform growth equities. Here are some stocks in Goldman's screen of high dividend yield names.
Persons: Goldman Sachs, Goldman, CNBC's Michael Bloom Organizations: Companies Locations: Europe, United States, U.S
Read previewFormer President Donald Trump says he didn't fall asleep during his hush-money trial. Trump has been regularly appearing in a Manhattan court since the trial kicked off on April 15. "I simply close my beautiful blue eyes, sometimes, listen intensely, and take it ALL in!!!" Related storiesHaberman, however, did acknowledge that there were times where Trump really was just closing his eyes. Besides the case in Manhattan, Trump has been charged in three other criminal cases, including a state criminal case in Georgia over accusations that he attempted to overturn the 2020 election results.
Persons: , Donald Trump, Trump, Stormy Daniels, Hunt, Maggie Haberman, CNN's Kaitlan Collins, Haberman, It's, UBLPJEbA0y, Jon Stewart Organizations: Service, New York Times, CNN, Washington Post, Business, Times, Independent, Trump Locations: Manhattan, Georgia, Lago
Broadcom's Hock Tan tops a list of highly paid CEOs. The median pay package for CEOs was $23.7 million in 2023, an 11.4% increase from the prior year. The highest-paid CEOs in the US aren't necessarily household names, but they're enjoying some pretty sweet pay packages — more than enough to avoid worries about higher prices for that morning coffee. Take Hock Tan, head of chipmaker Broadcom. Tan topped a list of the 100 highest-paid chiefs from Equilar, which analyzes data on executive compensation.
Persons: Broadcom's Hock Tan, , Hock Tan, Tan Organizations: Service, Broadcom, Business Locations: Equilar
The "Shark Tank" host said employers could identify applicants who joined in the protests using AI. Advertisement"Shark Tank" host and investor Kevin O'Leary says pro-Palestinian student protesters will be "screwed" when they start job hunting. That goes in this pile over here, cause I can get the same person's talent in this pile that's not burning anything," O'Leary told Fox News' The Five on Wednesday. So if you're burning down something, or taking a flag down, or fighting with police, I'm sorry, you're trashing your personal brand," O'Leary told CNN's Laura Coates. "Harassment and intimidation, there's no place for that, frankly at those universities, and certainly no place for that at a company like Exxon Mobil," Woods told the outlet.
Persons: Kevin O'Leary, , O'Leary, CNN's Laura Coates ., O'Leary isn't, Darren Woods, Woods, Winston, Strawn Organizations: Service, Palestinian, Fox News, CNN, BI, Columbia University, UCLA, Exxon Mobil, CNBC, New York University, Hamas Locations: Gaza, Israel
Musician Rosalía brings the straitjacket back into view
  + stars: | 2024-05-03 | by ( Leah Dolan | ) edition.cnn.com   time to read: +5 min
CNN —On Tuesday, 12-time Latin Grammy winner Rosalía stepped out in New York wearing an outfit that demanded a double-take. (Since the release of her third album, “Motomami,” Rosalía has been spotted in everything from biker-style shield sunglasses to Harley Davidson helmets). In 1994, the New York State’s Office of Mental Health proposed that straitjackets be discontinued after 18 patients died while restrained or in “unsupervised seclusion” between 1988 and 1992. But Rosalía isn’t the first to attempt to recontextualize the garment in the name of fashion. At the Gucci show in 2019, Ayesha Tan-Jones protested the label's straitjacket-inspired clothes by writing "Mental health is not fashion" on their hands.
Persons: Rosalía, Rick Owens, ” Rosalía, Harley Davidson, Gucci, Ayesha Tan, Jones, , Alessandro Michele’s, hasn’t, Julia Fox, we’ve, Ye’s, Bianca Censori, John Galliano —, Dior, , Maison, Dolce, Rosalia Organizations: CNN, York State’s, Mental Health, Fashion, Gucci, Penske Media, Maison Margiela, Dolce, Gabbana Locations: New York, Spanish, York, Gotham, Tan, Florence, Italy, Shanghai, China
Aston Martin opens 66-story residential tower in Miami
  + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com   time to read: +5 min
CNN —Miami has a new addition to its skyline – a 66-story residential tower built by Aston Martin, marking the British luxury sports carmaker’s first foray into the residential real estate market. Comprising of 391 units, Aston Martin Residences Miami sits at the mouth of the Miami River on Biscayne Bay, the firm said in a statement Tuesday. Aston Martin touchesHomeowners are able to customize their interior space with the help of the Aston Martin design team, with three style packages – Timeless, Covert and Indulgent – drawing on the company’s British heritage, as well as the building’s context. Aston Martin Residences MiamiAston Martin said that 99% of the properties sold before the building was completed. Aston Martin isn’t the first luxury carmaker to enter the residential property market.
Persons: Aston Martin, Rodolfo Miani, Bodas Mian Anger, , Aston, Germán Coto, , Coto, Marek Reichman, Reichman, ” Reichman, you’ve, Aston Martin Residences Miami Aston Martin, Aston Martin Vulcan, Aston Martin isn’t Organizations: CNN, Miami, Aston Martin Residences Miami, G Business, Formula, Prix, Martin Residences Miami, Aston Martin Residences, Aston, Aston Martin, Aston Martin Residences Miami Aston, Residences Locations: Miami, Biscayne Bay, jacuzzis, cabanas, Bentley, Sunny, Beach , Florida
Read previewA whistleblower who accused a Boeing supplier of ignoring manufacturing defects on the 737 Max died on Tuesday. Former Spirit AeroSystems employee Joshua Dean, 45, died after contracting a sudden illness, The Seattle Times reported on Wednesday. This sudden loss is stunning news here and for his loved ones," Joe Buccino, a spokesperson for Spirit, told The Seattle Times. Dawn soap is, however, documented under the Federal Aviation Administration's standards as a viable factory tool, Spirit told The Times. AdvertisementDean's lawyer, Brian Knowles, told The Seattle Times that he did not want to speculate about the timing and circumstances of Dean's death.
Persons: , Max, Joshua Dean, Dean's, Carol Parsons, Dean, Parsons, intubated, Josh Dean's, Joe Buccino, John Barnett, Barnett, Brian Knowles, Knowles, Dave Calhoun, AeroSystems Organizations: Service, Seattle Times, Business, Spirit, New York Times, Federal Aviation, Times, Wall Street, Boeing, BI Locations: Charleston
Rep. Lauren Boebert went to George Washington University on Wednesday. The Colorado Republican sparred with pro-Palestinian protesters at the university. AdvertisementRep. Lauren Boebert's attempt to engage with pro-Palestinian protesters at George Washington University on Wednesday didn't go very well. Boebert visited the college campus with her fellow GOP politicians, James Comer, Byron Donalds, and Anna Paulina Luna. VIDEO: Cong @laurenboebert attempts to rip down Palestinian flag that was draped over George Washington statue on the GWU campus.
Persons: Lauren Boebert, fondling, , Lauren Boebert's, Boebert, James Comer, Byron Donalds, Anna Paulina Luna, , 😂😂 Organizations: George Washington University, Wednesday, The Colorado Republican, Protesters, Service, Colorado Republican, GOP
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