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In today's big story, we're looking at how new AI tools are helping workers bluff their way through interviews . Some people have built homemade AI tools to help interviewees, releasing them online for free. A startup developing AI-powered tools for job seekers, Final Round AI offers an AI résumé builder, a cover letter writing service, and a mock interview tool. He's not the only one looking to AI to change the interview process. Others say banning AI chatbots in interviews is like prohibiting calculators during math tests — if workers can use the tech in their jobs, why not in the interview process, too?
Persons: , I'm Jordan Parker Erb, Dan DeFrancesco, Alo, They're, Jenny Chang, Rodriguez, Rob Price, Michael Guan, He's, Rebecca Zisser, Rob, BI's Melia Russell, Melia, Guan, Jerome Powell, William McChesney Martin, Powell, Chip Somodevilla, Joe Biden's, Howard, Alan Howard's, Brevan Howard, Tyler Le, Francisco's, Leonid Shteyn, execs, Joe Arden, Joe Biden, Harvey Weinstein, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen, Lisa Ryan Organizations: Service, Business, Reserve Bank, Markets, Getty, Taiwan Semiconductor Manufacturing Company, Apple, of America, Paramount, NATO, Prosecutors Locations: Silicon Valley, Washington , DC, U.S, New York, London
CNBC Daily Open: Are markets too optimistic?
  + stars: | 2024-07-09 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This 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. While open to collaboration, Elliott plans to give shareholders a say in leadership changes if the board remains unresponsive. Despite selling $379 million worth of bitcoin in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices. Japan stocks hit record highJapan's export-heavy Nikkei 225 as well as the broader Topix hit record highs amid a broader rise in Asia-Pacific markets.
Persons: Beryl, Elliott, Elliott Management, Bob Jordan, Gary Kelly, Corning, We've, Wendell Weeks Organizations: New York Stock Exchange, CNBC, Nasdaq, Apple, Nvidia, Dow Jones, Treasury, Southwest Airlines, Police, Federal Criminal Police, National Australia Bank, CSI Locations: New York City, U.S, Saxony, Japan, Asia, Pacific, Al
CNBC Daily Open: Are markets overly optimistic?
  + stars: | 2024-07-09 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. This 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. While open to collaboration, Elliott plans to give shareholders a say in leadership changes if the board remains unresponsive. Despite selling $379 million worth of bitcoin in recent weeks, Germany's Federal Criminal Police Office still holds roughly 32,488 bitcoins — worth around $1.9 billion at today's prices.
Persons: Beryl, Elliott, Elliott Management, Bob Jordan, Gary Kelly, Corning, We've, Wendell Weeks, Max Organizations: New York Stock Exchange, CNBC, Nasdaq, Apple, Nvidia, Dow Jones, Treasury, Southwest Airlines, Police, Federal Criminal Police, Boeing, Wall Locations: New York City, U.S, Saxony, Texas
CNN —A United Airlines plane lost a wheel while taking off Monday from Los Angeles International Airport, officials said, marking the latest issue this year for the airline, which was already the focus of a safety review by federal aviation officials. The Boeing 757-200 that lost its wheel completed its planned flight to Denver, where it safely landed, United said. “The wheel has been recovered in Los Angeles, and we are investigating what caused this event,” the airline said in a statement. The incident comes months after another United Airlines flight lost a wheel while taking off from San Francisco International Airport, damaging several cars in a parking lot. The incident was one of at least a dozen involving United Airlines flights in March, according to a CNN analysis, prompting CEO Scott Kirby to send a safety message to customers.
Persons: , Scott Kirby, ” United, ” CNN’s Gregory Wallace, Samantha Delouya, Taylor Romine, Sara Smart Organizations: CNN, United Airlines, Los Angeles International Airport, Boeing, Pilots, LAX, bravo, Federal Aviation Administration, San Francisco International Airport, FAA, United, Locations: Denver, United, Tulsa , Oklahoma, Los Angeles, Osaka, Japan
There are other reasons the dollar has been propelled higher as some European and Asian currencies have seen lackluster growth. A strong dollar makes US exports more expensive and reduces the profits of American companies operating overseas when earnings are converted back to dollars. And while a strong dollar lowers the cost of imported raw materials, it can boost inflation and hurt foreign investments. The families of victims of two fatal crashes of the 737 Max oppose the deal, the department said. Beyond the fatal crashes of the 737 Max jets, the company has faced a series of questions about the safety and quality of its planes.
Persons: it’s, Donald Trump, Joe Biden, Trump, , Lisa Shalett, Morgan Stanley, Louis Navellier, Jeanne Sahadi, Read, Max, Chris Isidore Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Fed, Republican, Morgan Stanley Wealth Management, Navellier, Associates, New York Federal Reserve, Boeing, Justice Department, Alaska Airlines Locations: New York, , China, Japan, United States
Read previewBoeing has agreed to plead guilty to one count of fraud conspiracy, the Justice Department said in a Sunday court filing. In May, the Justice Department said Boeing failed to "design, implement, and enforce a compliance and ethics program." AdvertisementSunday's plea deal will see Boeing pay an additional $243.6 million — the same criminal penalty as in 2021. Advertisement"This sweetheart deal fails to recognize that because of Boeing's conspiracy, 346 people died," he said in a statement. Government contractsBy pleading guilty to fraud conspiracy, Boeing will have committed a felony — jeopardizing its government contracts.
Persons: , it's, Paul Cassell, Sunday's, Richard Blumenthal Organizations: Service, Boeing, Justice Department, DoJ, Business, Alaska Airlines, Street Journal, FBI
Activist investor Elliott Management said Monday it would mount a proxy fight to push for change at Southwest Airlines through a special shareholder vote unless management is willing to negotiate, citing a poison pill and board expansion that the investor views as "entrenchment maneuvers." Elliott in its letter to Southwest's board said it remained open to collaboration, but that the board had taken steps to box Elliott out. A proxy fight would be expensive and challenging for Elliott and Southwest Airlines. Activist investors can mount proxy fights if they are seeking to force change in a company's leadership or operations. Companies usually settle with Elliott, one of the most successful activist investors, rather than risk taking on the activist in a proxy battle.
Persons: Elliott Management, Elliott, Bob Jordan, Gary Kelly, underperformance, John Pike, Bobby Xu, expeditiously, Rakesh Gangwal, Pike, Xu Organizations: Southwest Airlines, Elliott, Southwest, Companies, Salesforce Locations: Southwest
Southwest Airlines announced Monday that it's adding former US Airways CEO Rakesh Gangwal to its board of directors. The latest defensive maneuver aims to blunt Elliott's accusations that Southwest's board is long-tenured and insular. Gangwal was CEO of the now-defunct US Airways in the late 1990s and early 2000s, before founding Indian low-cost carrier IndiGo in 2006. Southwest announced the board expansion less than a week after it adopted a shareholder rights plan, limiting investors' ability to grow their stakes beyond a 12.5% threshold. Elliott is seeking the ouster of Kelly, Southwest's CEO before becoming executive chair, and Bob Jordan, who has served as Southwest's CEO since 2022.
Persons: Rakesh Gangwal, Elliott, Gangwal, Rakesh, Gary Kelly, Kelly, Bob Jordan, Jordan Organizations: Southwest Airlines, US, Elliott Management, US Airways, IndiGo, Southwest Locations: Asia
Airline rating company Skytrax has released its 2024 list of the world's best low-cost airlines. AirAsia was named the top low-cost airline in the world for the 15th year in a row. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAirAsia has been named the best low-cost airline in the world according to travelers surveyed by travel industry rating company Skytrax. Skytrax published its latest survey results in June as part of the 2024 World Airlines Awards, which named Qatar Airways the world's best airline.
Persons: Skytrax, Organizations: AirAsia, Service, Qatar Airways, Business Locations: Europe
In 2022, Delta Air Lines offered passengers $10,000 cash to take a different flight after overselling a flight from Michigan to Minnesota amid the summer's post-pandemic travel chaos. DOT rules entitle passengers to hundreds of dollars in compensation if they are involuntarily bumped from a flight, under certain terms and conditions. How to lower the odds of getting bumped from a flightThere's nothing you can do to guarantee you won't get bumped from an overbooked flight, as one traveler who said he was bumped off an American Airlines flight learned the hard way. According to the DOT's 2023 consumer air travel data, Allegiant Air, Delta Air Lines, and Hawaiian Airlines involuntarily bumped 0, 3, and 5 people, respectively, over the entire year. On the other end of the spectrum, American Airlines and Frontier Airlines involuntarily bumped over 10,000 passengers each in 2023.
Persons: , Hurricane Beryl, Tayfun, doesn't, Constantine Johnny Organizations: Service, Transportation Security Administration, Business, Airlines, US Department of Transportation, Delta Air Lines, Anadolu Agency, Getty, Passengers, American Airlines, Hawaiian Airlines, American Airlines and Frontier Airlines Locations: Texas, Michigan, Minnesota
Scott Olson | Getty ImagesRecord summer air travel demand isn't translating to record U.S. airline profits. Some airlines have forecast record demand, and in some cases, revenue. American Airlines on May 28 cut its second-quarter revenue and profit forecasts and announced its chief commercial officer was leaving after a sales strategy backfired. "The domestic supply and demand imbalance has led to a weaker domestic pricing environment than we had forecast," American Airlines CEO Robert Isom said at a Bernstein industry conference the next day. Travelers at New York's LaGuardia Airport Leslie Josephs/CNBCSouthwest Airlines cut its second-quarter forecast in late June, citing shifting demand patterns.
Persons: Scott Olson, sprees, Raymond James, Savanthi Syth, Scott Group, Hopper, Airfare, Robert Isom, Leslie Josephs, Bob Jordan, Pratt, Ted Christie Organizations: O'Hare, Getty, Airbus, Boeing, Pratt & Whitney, NYSE Arca, Paris, Investors, Delta Air Lines, Analysts, Delta, American Express, United Airlines, Alaska Airlines, Wolfe Research, Scott, theTransportation Security Administration, Airlines, Airline, Aircraft, U.S, American Airlines, CNBC Southwest Airlines, Elliott Investment Management, Politico, JetBlue Airways, Frontier Airlines, JetBlue, Spirit Airlines Locations: Chicago, Delta, Alaska, U.S, Europe, New, Dallas
No credit card benefits (or points) are worth it if you can't pay your balance in full. Although a lot of the media around credit card benefits focuses primarily on using points, there are many other perks that aren't as well-known and can save users thousands of dollars. Please note that I don't recommend using credit cards this way if you don't pay off the full balance each month. Read our Marriott Bonvoy Business credit card review and our IHG One Rewards Premier credit card review. DiscountsMost major companies offer discounts through credit card linked offers, and they're often on items you're already using or buying.
Persons: Chase, I've, they're, Wells, Taryn Williams, Taryn, Instagram Read Organizations: Marriott, Card, Marriott Bonvoy, Insurance, American Express, Paramount, TSA, U.S, Popular, Chase Travel, Capital, University of Pennsylvania Locations: Latin America, Antarctica, America, India, Southern California
Rescuers work at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019. Boeing will plead guilty to a criminal fraud charge tied to the 737 Max crashes, months after a near-catastrophe in January prompted the Justice Department to revisit a 2021 settlement that protected Boeing from prosecution. The plea deal, outlined in a filing late Sunday, requires the approval of a federal judge. Under the deal, Boeing would pay a $243.6 million fine, equal to the amount it paid in the 2021 settlement. "We can confirm that we have reached an agreement in principle on terms of a resolution with the Justice Department, subject to the memorialization and approval of specific terms," Boeing said in a statement.
Organizations: Ethiopian Airlines, Boeing, Justice Department Locations: Bishoftu, Debre Zeit, Addis Ababa, Ethiopia
During my flight on the Pikachu Jet NH, I found themed music, cups, and crew uniforms. The special onboard touches and free souvenirs made it a unique and memorable flight. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But amid Boeing delivery delays and high operating costs, some airlines may just have a leg up because of fun collaborations and unique flights. By partnering with Pokémon Air Adventures, major Japanese airline All Nippon Airways (ANA) offers themed flights only a few airlines have.
Persons: Organizations: All Nippon Airways, Service, Pokémon, ANA, Business Locations: Taipei, Tokyo
Rather than sparking typical cheer on Wall Street, Elliott's campaign, spelled out in a 50-page presentation, led to confusion and concern among investors and customers. Several activism experts pointed to two of Elliott's past targets for insight into the hedge fund's strategy for Southwest: Suncor Energy in 2022 and Marathon Petroleum in 2019. Elliott partner John Pike, who is now leading the Southwest campaign, was involved in the firm's actions at both energy companies. Pike and portfolio manager Bobby Xu are leading Elliott's Southwest campaign. But in 2018, a few months after reaching an agreement with Elliott, Marathon announced it was only getting bigger.
Persons: David Paul Morris, Elliott, Bob Jordan, Gary Kelly, Elliott hasn't, Southwest's, John Pike, Haviv Ilan, Marc Benioff, Jordan, Pike, Bobby Xu, Vinson, Elkins, Mark Little, Elliott's Pike, Suncor's, Little, Rich Kruger, Candace Elliott, Marathon, Weeks, Gary Heminger, Mike Hennigan, Hennigan, hasn't, It's, isn't, Kelly, it's, Xu, — CNBC's Leslie Josephs Organizations: Southwest Airlines, Oakland International Airport, Bloomberg, Getty, Elliott Management, Southwest, Melius Research, Suncor Energy, Marathon Petroleum, Marathon, Etsy . Texas, of America, Suncor's Petro, Canada, Canadian, Petro - Canada, Petro, Exxon Mobil, Reuters, Speedway, Elliott, Company, Heminger, Artisan Partners, Suncor, Southwest Airlines Pilots Association, CNBC Locations: Oakland , California, Dallas, Suncor, New York, West Palm Beach , Florida, Etsy, Canada, Sherwood Park , Alberta, Marathon, Southwest
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing's latest addition to its growing fleet of commercial jets is the innovative 777X. This story is available exclusively to Business Insider subscribers. AdvertisementThat's thanks to its mammoth engines and wingspan, the latter sporting a revolutionary technology not yet seen in commercial aviation but necessary for the plane's success: folding wingtips.
Persons: , Tim Clark Organizations: Service, Boeing, Dubai Airshow, Airbus, British Airways, Emirates, Lufthansa, Business
A 25-year-old man exposed himself and peed in the aisle on an American Airlines flight, according to law enforcement. Authorities said the man was arrested and charged with indecent exposure on July 3. AdvertisementAn American Airlines flight was diverted this week after authorities said a 25-year-old man exposed himself and urinated in the airplane's aisle mid-flight. American Airlines flight 3921, which was operated by Envoy Air, was traveling from Chicago to Manchester, New Hampshire, on July 3, the airline told Business Insider in a statement. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: American Airlines, Authorities, Service, US, Office, Western, of, of New York . American Airlines, Envoy, Business Locations: Oregon, of New York, Chicago, Manchester , New Hampshire
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer United Airlines CEO on Boeing: Fighting the U.S. government is never a good ideaOscar Munoz, former United Airlines chairman and CEO, joins 'Squawk Box' to discuss the deadline facing Boeing today to either plead guilty to a felony fraud charge or go to trial against the Justice Department stemming from its door panel blowout and subsequent quality control issues, how the company can restore its quality control, state of summer travel, and more.
Persons: Oscar Munoz Organizations: Former United Airlines, Boeing, United Airlines, Justice
Last month, I traveled to Timor-Leste, a country located in the South Pacific. It's also the 14th least-visited country in the world and the least-visited in Asia, according to a January report from CEOWorld magazine. Some 81,000 tourists visited Timor-Leste in 2023 — putting it just ahead of Chad and Sierra Leone, per the report. Marielle DescalsotaOnly a handful of airlines fly to Dili, the capital, where the only international airport in Timor-Leste is located. As I grew up in Singapore and can speak some Indonesian, when locals didn't speak English, that was my fallback language.
Persons: , I've, France —, It's, Fernando, Hilton, nasi goreng —, 9Milhas, Gloria, Jesus Christ —, Marielle Organizations: Service, Leste, South Pacific, Business, National Statistics Directorate Timor, YouTube, Google, Timor Plaza, Apartments, East Timor Centavo, US Department of State, Burger, Coffee, Cristo Locations: Maldives, France, Timor, South, Bahamas, Asia, Chad, Sierra Leone, Dili, Bali, Indonesia, Darwin, Australia, Dili's, sightsee, East Timor, Indonesian, Singapore, Marielle, Cristo Rei, It's, Angola
The FAA slowed deliveries after the Alaska Airlines door plug blowout in January and capped Boeing's 737 production. AdvertisementA lot is riding on the new 777X, including proving its modified design was the right strategy over building a new plane from scratch. Boeing's last completely new widebody plane was the 787 way back in 2003. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022. Georg Wendt/picture alliance via Getty ImagesDespite the substantial investment, Emirates president Tim Clark has voiced his concern over Boeing's 777X delays.
Persons: , Richard Aboulafia, there's, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, Clark, Aboulafia Organizations: Service, British Airways, Emirates, Singapore Airlines, Business, Boeing, FAA, Alaska Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Aircraft, Reuters, Air Locations: Korean, AFP, Qatar
Americans will be splashing around this summer in the backyard pools they've already got, but not splashing out as much on new ones. Swimming pool installations were part of the home improvement frenzy that swept the country during the pandemic as Americans were stuck at home. Pool Corp., a national pool equipment distributor with a roughly $11 billion market valuation, said last week it expects new pool construction to fall by 15% to 20% this year. But businesses that rely on Americans' appetite for home upgrades are still adjusting to leaner times — including pool builders. In Arizona, Ast said, "the lines get blurred a little bit between luxury and need in the middle of the desert."
Persons: Skip Ast, wasn't, Scott Payne, Payne Organizations: Pool Corp, Shasta, Airlines, Analytics, Ast, Corp Locations: Phoenix, Hatfield , Pennsylvania, Shasta, Arizona
Delta Air Lines pulled some meal options from dozens of international flights on Wednesday hours after the carrier said reports of "spoiled" food on an Amsterdam-bound flight forced the plane to divert to New York. Delta was only serving pasta in the main cabin on about 75 international flights on Wednesday. Delta apologized to customers over the report of spoiled food in the main cabin on the Detroit-to-Amsterdam flight. "This is not the service Delta is known for and we sincerely apologize to our customers for the inconvenience and delay in their travels," Delta said. The incident occurred in the midst of the peak summer travel season, when Delta and its rivals are fighting over travelers.
Persons: Delta, Ash Dhokte, Dhokte, Henry Harteveldt, Delta's Dhokte Organizations: Boeing, Delta Air Lines, JFK International, Delta, CNBC, Detroit, Atmosphere Research Locations: Dublin, New York, Manhattan, Amsterdam, Delta
CNBC Daily Open: Tesla powers S&P 500, Nasdaq to record highs
  + stars: | 2024-07-04 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record highsThe S&P 500 and the tech-heavy Nasdaq Composite closed at record highs in a shortened session ahead of the July 4 Independence Day holiday. The yield on the 10-year Treasury fell as the latest economic data indicated the jobs market was cooling. Despite some officials advocating for potential rate hikes, the Federal Open Market Committee ultimately decided to hold rates steady. [PRO] Tesla bull caseWedbush analyst Dan Ives raised his Tesla price target to $300 from $275, with a bull case of $400 by 2025.
Persons: Nela Richardson, Elliott Management's, Elliott, Bob Jordan, Gary Kelly, JPMorgan's Kolanovic, Marko Kolanovic, Kolanovic, Dubravko, Dan Ives Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Treasury, Federal Reserve, Federal, Market Committee, ADP, Southwest Airlines Locations: U.S
Evercore ISI is sticking by its previous roster of top stock picks heading into the second half. ADBE YTD mountain Adobe stock has slipped more than 5% in 2024. Materne maintains an outperform rating on Adobe stock with a $650 per share price target, implying roughly 17% upside ahead. CVS Health Battered pharmacy stock CVS Health has pulled back more than 27% in 2024. CVS YTD mountain CVS Health stock.
Persons: Evercore, Kirk Materne, Materne, Elizabeth Anderson, Greg Melich, Melich Organizations: ISI, Nasdaq, Dow Jones, CVS Health, Home, Adobe, CVS, Health, Anderson, Delta Airlines
AdvertisementI was initially hesitant to buy the hammockFor years, I've eyed a foot hammock. AdvertisementThe foot hammock's strap loops the plane's tray table. Since foot hammocks are affordable — I bought mine for under $10 — I figured I would give one a shot. The foot hammock allowed me to be in my preferred plane position with my knees up. For all future flights that allow it, you'll find me curled up in my seat with a foot hammock in tow.
Persons: , I'm, I've, Monica Humphries Organizations: Service, Business, Street, Leisure, Air, Amazon, Lufthansa Locations: Zealand
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