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☆ Nike's new CEO acknowledges the brand's rough run in his first message to staff
▼ + stars: | 2024-09-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Nike's new CEO, Elliot Hill, admitted things "haven't been easy" for the brand in a message to staff. Hill, a Nike veteran, will replace John Donahoe as CEO. He said employees need to show "speed and urgency" to turn the sneaker brand around. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn his first message to employees, Nike's new CEO acknowledged that the company is facing challenging times.

Persons: Elliot Hill, John Donahoe, —, Hill Organizations: Nike, Service, Bloomberg, Business

☆ Three Mile Island nuclear plant to reopen — to power Microsoft's AI push
▼ + stars: | 2024-09-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Three Mile Island, the site of one of the US' worst nuclear disasters, may soon reopen. Constellation have struck a deal to give Microsoft energy to power its AI push. AI systems require huge amounts of energy to train and run, and tech giants are looking for new sources. AdvertisementA nuclear plant at the site of one of the worst nuclear disasters in US history may soon reopen to provide power for Microsoft's AI push. Constellation Energy has struck a deal to provide Microsoft with nuclear power for the next two decades by bringing part of the Three Mile Island nuclear plant back to service by 2028.

Persons: — Organizations: Constellation, Microsoft, Service, Constellation Energy, Pennsylvania, Business

☆ A Russian warlord who seemingly put a machine gun on a Cybertruck says Elon Musk 'remotely disabled' the militarized EV
▼ + stars: | 2024-09-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

A Chechen warlord raged against Elon Musk after claiming the Tesla CEO shut down his Cybertruck. The Putin ally accused Musk of "behaving badly" and not being "manly" after the EV got bricked. Ramzan Kadyrov previously suggested he could send the Cybertruck to be used in fighting in Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Chechen warlord who showed off a Cybertruck decked out with what appeared to be a machine gun is raging against Elon Musk, saying Tesla remotely bricked his modified pickup.

Persons: Elon Musk, Putin, Musk, Ramzan Kadyrov, —, Tesla Organizations: EV, Service, Business Locations: Ukraine

☆ Passengers on a new 7-hour budget flight won't even get free coffee and will have to make their own fun, CEO says
▼ + stars: | 2024-09-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Budget airline Wizz Air is planning new long-haul cheap flights between the UK and Saudi Arabia. Passengers on the seven-hour flight will have to do without free coffee or entertainment options and share just 3 bathrooms. Wizz Air's CEO told Bloomberg passengers will have to "create the fun for yourself." Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: — Organizations: Wizz, Passengers, Bloomberg, Service, Business Locations: Saudi Arabia

☆ Fisker backtracks on telling owners to pay for repairs of malfunctioning EVs
▼ + stars: | 2024-09-18 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Fisker has backtracked on telling owners of its EVs to pay for recall repairs. Some Fisker Ocean owners previously told BI they had spent as much as $70,000 on cars that are now undrivable. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOwners of Fisker Ocean EVs will no longer have to pay for recall repairs. According to the National Highway Traffic Safety Administration (NHTSA), automakers are legally required to provide safety recall repairs free of charge for vehicles less than 15 years old.

Persons: Fisker, — Organizations: EV, Service, National, Traffic Safety Administration

☆ Passenger says she bled from her ears after a Delta flight failed to pressurize
▼ + stars: | 2024-09-18 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

A Delta flight heading to Portland, Oregon, was forced to return to Salt Lake City Airport after failing to pressurize. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Delta flight heading for Portland, Oregon was forced to land back at the departing airport on Sunday after the aircraft failed to pressurize, causing injuries to some passengers on board.

Persons: Delta, —, Purser Organizations: Airport, Service, Business Locations: Portland , Oregon, Salt Lake

☆ Fisker owners who paid up to $70,000 for malfunctioning EVs are told they might have to pay for recall repairs, too
▼ + stars: | 2024-09-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Fisker owners are told they may have to pay the repair costs for two outstanding recalls. It's another blow for customers who paid as much as $70,000 for the bankrupt startup's Fisker Ocean. Go to newsletter preferences Thanks for signing up! AdvertisementFisker owners who paid up to $70,000 for the bankrupt startup's malfunctioning EVs have a new headache to deal with. In an FAQ posted on Fisker's website on Sunday, the company said that Fisker owners would have to pay the repair costs for two outstanding recalls facing its Ocean electric car.

Persons: —, Fisker Organizations: Service, Business

☆ United inks deal with Elon Musk's SpaceX to offer free WiFi on flights
▼ + stars: | 2024-09-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

United Airlines will soon offer free WiFi via Elon Musk's Starlink service on all its flights. United is the latest airline to use Starlink, after Hawaiian airlines and regional carrier JSX. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUnited Airlines is turning to Elon Musk's satellite service to offer free WiFi on its flights. The airline announced on Friday it had struck a deal with SpaceX and will soon provide free WiFi on all its aircraft using the company's satellite internet provider, Starlink.

Persons: Elon Musk's, —, United Organizations: Airlines, Elon, JSX, Service, SpaceX, Business Locations: Elon

☆ I was a remote worker at Google. I quit after the company refused to let me move to take care of my dad.
▼ + stars: | 2024-09-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Business Insider has verified his employment, his request to move locations, and his resignation after this request was denied. In June 2023, the company told employees that working remotely full-time would be allowed "by exception only." I essentially said I was asking to move from a fully remote location to another fully remote location to be with my dying father. I have a fully remote job, so it makes no material difference to them if I am in one remote location or another. A spokesperson for Google told Business Insider that promotions are based on impact relative to business priorities and business needs and that remote employees are promoted.

Persons: —, Jeremy, Philipp Schindler, Google's Organizations: Service, Google, Business Locations: Chicago, Boulder, Minneapolis

☆ Elon Musk called the Australian government 'fascists.' It's the latest country he's picking a fight with.
▼ + stars: | 2024-09-13 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Elon Musk's war of words with Australia is escalating after he called the government "fascists." The billionaire criticized Australia's new social media bill, which would see sites like X face fines over misinformation. Musk is at war on many fronts, with X being suspended in Brazil and criticized for fuelling riots in the UK. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk called the Australian government "fascists" in a one-word response to a post on X detailing the country's planned new social media regulation.

Persons: Elon, Australia's, —, Elon Musk Organizations: Service, Business Locations: Australia, Brazil

☆ Elon Musk and SpaceX are beefing with regulators over Starship's launch delay
▼ + stars: | 2024-09-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Elon Musk is in another fight with regulators — this time over SpaceX's Starship rocket. Musk's rocket company slammed the FAA over a delay in receiving approval for its next Starship launch. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSpaceX and Elon Musk are beefing with regulators over the next launch of Starship, the rocket Musk plans to use to take humans to Mars.

Persons: Elon Musk, Musk, —, X Organizations: SpaceX's, FAA, Service, SpaceX, Elon, Federal Aviation Administration, Business

☆ A Neom executive reportedly complained about having a meeting on a Sunday evening after 3 workers died
▼ + stars: | 2024-09-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewA Neom executive reportedly complained about having an emergency meeting on a Sunday evening following the deaths of three employees working on Saudi Arabia's megaproject estimated to cost between $500 billion and $1.5 trillion, according to a bombshell Wall Street Journal report. Wayne Borg, a former Fox Corp executive, reportedly described Neom's blue-collar workers from the Indian subcontinent as "f—ing morons" and said "that is why white people are at the top of the pecking order." This story is available exclusively to Business Insider subscribers. Citing current and former Neom employees, the Journal reported that three workers were killed by a falling pipe, a collapsing wall, and mishandled explosives. Neom told the Journal it has a zero-tolerance policy toward inappropriate workplace behavior.

Persons: —, Wayne Borg, we've, Borg, Prince Mohammed bin Salman's, Neom Organizations: Service, Saudi, Fox Corp, Business, Journal, BBC, Neom Locations: Saudi Arabia, Saudi

☆ 5 promises Elon Musk made about the Cybertruck that never happened
▼ + stars: | 2024-08-14 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Read previewThe Cybertruck has changed a lot since Elon Musk first unveiled it in 2019. Here are some of the Cybertruck features that Musk has promised over the years but which failed to materialize:Advertisement1. A $39,900 price tagWhen Musk first unveiled the Cybertruck in 2019, he said the cheapest version would cost $39,900, with more advanced variants costing $49,900 and $69,900. 500-mile rangeMusk also said in 2019, the most advanced tri-motor version of the Cybertruck would have a 500-mile range. Anadolu/Getty ImagesOne of the most eye-catching promises Musk made about the Cybertruck is that it would be able to float and serve as a boat for short periods.

Persons: —, Elon Musk, Tesla's, Musk, Tesla, It's, Cyberquad Musk, it's, Cybertruck, Wes Morrill Organizations: Service, Elon, Business, Anadolu, Getty

☆ Elon Musk initially said the Cybertruck would cost from $39,900. Now, you can't buy it for much less than $100,000.
▼ + stars: | 2024-08-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

The cheapest Cybertruck available right now is $100,000. Tesla quietly removed the option to order planned cheaper versions of the pickup. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Elon Musk first unveiled Tesla's Cybertruck in 2019, he touted the futuristic pickup as a competitor to the Ford F-150 with a starting price of $39,900. Tesla has quietly removed the option to preorder the rear-wheel and all-wheel drive versions of the Cybertruck, according to an archived version of its website.

Persons: Tesla, —, Elon Musk, Tesla's Organizations: Service, Ford, Business

☆ Disney's theme parks are struggling, and it's another warning sign for the economy
▼ + stars: | 2024-08-07 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Disney reported weaker-than-expected results for its theme-parks division in its latest earnings. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDisney's theme parks are struggling in another warning signal for the US economy. The entertainment giant reported weaker-than-expected results in its theme-parks division as it announced third-quarter earnings on Wednesday, in another sign that consumers are reining in spending as economic storm clouds gather.

Persons: — Organizations: Disney, Service, Business

☆ 5 reasons why Uber is on the up
▼ + stars: | 2024-08-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

After years of massive losses, Uber is finally making money. Uber partly owes its recent hot streak to increased demand for its ride-hailing and delivery services. Go to newsletter preferences Thanks for signing up! AdvertisementAfter years of massive losses and huge spending, Uber is now making a habit of turning a profit. This comes after Uber announced its first-ever annual operating profit of $1.1 billion for 2023 in February.

Persons: Uber, — Organizations: Service

☆ Premium economy is having a moment
▼ + stars: | 2024-07-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Some airlines have revamped their premium economy services in recent months, with passengers increasingly tempted by the prospect of upgrading to more luxurious seating without blowing their budget. Delta plans to roll out a premium economy service to transcontinental flights in September, while Singapore Airlines announced its updated premium economy class in March with a 200-item food menu. 'The sweet spot between cost and luxury'Delta plans to roll out a premium economy service to transcontinental flights in September. AdvertisementCounterpoint director and aircraft interiors expert Rob Semple told BI that the key to convincing passengers to upgrade was to make premium economy "visibly better" than economy class to increase the sense of FOMO — while still maintaining a luxury gap between premium economy and the more expensive business class. Advertisement"We all know that economy class sucks on pretty much every airline.

Persons: —, United, Collin Heller, Bauer, Griffin, Rob Semple, Semple, Henry Harteveldt Organizations: Service, Singapore Airlines, Business, Alaska Airlines, Wall Street, Counterpoint Market Intelligence, AaronP, Getty, Airlines

☆ Ford thinks bigger is not always better
▼ + stars: | 2024-07-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

CEO Jim Farley told investors in an earnings call on Wednesday that when it comes to EVs, bigger is not always better — and said that the company's future would depend on its ability to build smaller, cheaper electric vehicles. Advertisement"In ICE [Internal Combustion Engine], a business we've been in for 120 years, the bigger the vehicle, the higher the margin," Farley said. The company continues to lose money on its electric vehicle business amid an industry-wide slowdown in demand for EVs. Ford has quietly created a secretive "skunkworks" team, reportedly based in California, to build this new platform. "We have to start to get back in love with smaller vehicles.

Persons: —, Tesla, Jim Farley, Farley, Ford Organizations: Service, EV, Business, Detroit, Tesla, Ford, Aspen Ideas Locations: California

☆ Elon Musk says a Trump presidency would be good for Tesla, but 'devastating' for its rivals
▼ + stars: | 2024-07-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Elon Musk was asked what would happen if Trump won the election and withdrew government support for EVs. He said it would be "devastating" for Tesla's rivals but would probably help Tesla "long term." Musk has been an outspoken supporter of Trump in recent weeks, despite his earlier criticism of EVs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk thinks a Trump presidency could be good for Tesla, but "devastating" for its rivals.

Persons: Elon Musk, Trump, Tesla, —, Elon, Musk, Joe Biden's Organizations: EVs, Trump, Service

☆ Tesla shareholders are pressing Musk to release new models
▼ + stars: | 2024-07-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Tesla shareholders really want the company to release new vehicles. Elon Musk has teased a variety of new EVs, but it is unclear when they will be released. AdvertisementTesla shareholders want Elon Musk to roll out new vehicles. Retail investors are submitting questions in an anonymous Q&A forum for Elon Musk and other executives to answer in Tuesday's earnings call, and many of them are asking when Tesla plans to release new EVs. One shareholder requested updates on the status of a revamped Tesla Roadster, which Musk has teased will be a SpaceX-Tesla collaboration complete with rocket tech.

Persons: Q, Elon Musk, —, Elon, Tesla, Musk Organizations: Service, Elon, Tesla Roadster, SpaceX

☆ Here's what a Trump victory could mean for the entire EV industry
▼ + stars: | 2024-07-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump has been an outspoken critic of EVs — and that could spell trouble for America's electric vehicle industry. AdvertisementMusk also reportedly played a part in Trump choosing Ohio senator JD Vance, an even fiercer critic of electric vehicles, as his vice president. Subsidy fearsThe potential loss of the $7,500 tax credit has already sparked concern in the EV industry. "If we see that tax credit cut, then EVs start looking insurmountably expensive for most consumers," he said. "They're already making money building electric vehicles, and the incentive just helps boost volume rather than boosting profits," he added.

Persons: —, Donald Trump, EVs, Elon, Trump, Trump's, Musk, JD Vance, Vance, Biden, Tesla, Jon McNeill, Dylan Khoo, Sam Fiorani, Khoo, Elon Musk's, Dan Ives, Ives, Tesla's Organizations: Service, Business, Trump, PAC, Ohio, US, Motors, CNBC, ABI Research, Global, AutoForecast Solutions, Bloomberg Businessweek, Wedbush Securities, EV Locations: Trump, Communist China, China

☆ Crowdstrike shares plunge in premarket after massive global IT outage
▼ + stars: | 2024-07-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Crowdstrike shares dropped as much as 20% in premarket trade on Friday after an IT outage caused chaos. Microsoft shares also fell as issues with the firm's services disrupted airports and emergency services. AdvertisementCrowdstrike's stock price plunged Friday as a massive IT outage caused global chaos. Elsewhere, Microsoft's stock also looked set to drop on Friday, falling by as much as 3% in premarket trade. AdvertisementIn a post on X, CrowdStrike CEO George Kurtz said the company is "actively working with customers impacted by a defect found in a single content update for Windows hosts.

Persons: —, George Kurtz Organizations: Microsoft, Service, London Stock Exchange, Windows, Linux, Business

☆ Emergency services say 911 lines are down in several states as a mass IT outage causes havoc
▼ + stars: | 2024-07-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

An IT outage is causing global chaos, with reports that 911 services are down across several US states. The Alaska State Troopers confirmed that 911 services are down due to a "nationwide" outage. Emergency services in New Hampshire and Ohio posted on social media reports of similar issues. AdvertisementEmergency lines have gone down in several US states after a massive IT outage sparked chaos across the globe. The Alaska State Troopers service confirmed in a post on Facebook that 911 and non-emergency call services were down across the state due to the "nationwide" outage, with emergency services in New Hampshire and Ohio posting similar messages.

Persons: — Organizations: Alaska State Troopers, Service, Microsoft, Facebook, Business Locations: New Hampshire, Ohio

☆ SpaceX rivals are trying to capitalize on Elon Musk's move to Texas by poaching his employees
▼ + stars: | 2024-07-18 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk says he plans to move SpaceX to Texas, and some of the company's competitors are trying to capitalize by poaching his employees. This story is available exclusively to Business Insider subscribers. Stanislas Maximin, the CEO of rocket startup and SpaceX rival Latitude, responded to Musk's post announcing SpaceX's move to Texas with an appeal for disaffected SpaceX employees to move to France, where the company is based. Related storiesAsteroid mining startup AstroForge, which used a SpaceX rocket to launch its first mission in 2023, also responded to Musk's post with an appeal to SpaceX employees. SpaceX, Latitude, and AstroForge did not respond to a request for comment from Business Insider, sent outside normal working hours.

Persons: —, Elon Musk, Musk, Stanislas Maximin, Maximin, AstroForge Organizations: Service, SpaceX, Business Locations: Texas, California, France, Paris, Seal Beach , CA

☆ Bitcoin surges after assassination attempt as investors bet on Trump returning to power
▼ + stars: | 2024-07-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Bitcoin is rising, with prices hitting a two-week high on Monday. Investors are likely betting that Trump will win the election after he survived an assassination attempt. Once a Bitcoin skeptic, Trump now says he's a crypto fan as he looks to woo undecided voters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBitcoin surged after former president Donald Trump survived an assassination attempt on Saturday.

Persons: Trump, —, Bitcoin, Donald Trump Organizations: Investors, Trump, Service, Business Locations: Pennsylvania

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