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☆ I tried Chili's new Big Smasher burger and thought it was far superior to a Big Mac
▼ + stars: | 2024-05-03 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I tried Chili's Big Smasher burger, the chain's first new burger in three years. AdvertisementChili's just came out with its first new burger in three years in the hopes of competing with fast-food chains like McDonald's. The burger, which launched on April 29, has similar ingredients to a Big Mac but twice the meat. I tried the burger for the first time at Chili's headquarters in Dallas a few weeks before its official launch. Here's what I thought of Chili's new Big Smasher burger.

Persons: —, Chili's Organizations: Service Locations: Dallas

☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

☆ Baltimore bridge insurer is reportedly set to write a $350 million check
▼ + stars: | 2024-05-02 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Chubb, the Baltimore bridge insurer, is set to pay out $350 million, per The Wall Street Journal. The bridge's collapse in March killed six people and shut down the port of Baltimore. Chubb, the state of Maryland, and victims' families will likely sue the ship's owners, per the Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe insurer of Baltimore's Francis Scott Key Bridge is gearing up to issue a $350 million payout to the state of Maryland, The Wall Street Journal reported on Thursday.

Persons: Chubb, Baltimore . Chubb, —, Francis Scott Key, Henry Daar, WTW, Daar, Dali, Chubb didn't Organizations: Street, Service, Barclays, Business Locations: Baltimore, Maryland, London

☆ Top New York official asks Best Buy about its commitment to LGBTQ groups after conservative pressure
▼ + stars: | 2024-05-02 | by ( Matt Lavietes | Brooke Sopelsa | ) www.cnbc.com time to read: +8 min

The New York state comptroller sent a letter to Best Buy last week questioning whether the company changed its commitment to inclusivity and supporting LGBTQ groups. The comptroller's office manages the state's $207 billion public pension fund, which has invested in Best Buy. He also denied that the NCPPR pressured Best Buy to stop supporting LGBTQ groups in general. "This contentious and vast disagreement between radical gender theory activists and the general public has nothing to do with Best Buy selling electronics." Peck did not ask Best Buy to stop its donations to the HRC, saying in the email, "We understand that it's unrealistic for Best Buy to leave HRC in the near future because of their political clout."

Persons: Thomas DiNapoli, Corie, Barry, J, Patrick Doyle, DiNapoli, Scott Shepard, Shepard, Trevor, Carly Charlson, Charlson, Eric Bloem, Bloem, Ethan Peck, Peck, Marina Rizzo, hadn't, Rizzo Organizations: NBC News, Securities, Exchange Commission, National Center for Public Policy Research, Best, NBC, NCPPR's Free Enterprise, SAGE, GLAAD, Human Rights, SEC, NCPPR's Free Enterprise Institute, HRC, PRIDE Locations: York, States

☆ Chain restaurants like Chili's are coming for fast-food giants in the latest bout of the value wars
▼ + stars: | 2024-04-30 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +11 min

As fast-food prices increase, customers are finding more value in chain restaurants. Chains like Chili's are rolling out deals and portion sizes that could best fast-food chains. Chili's new Big Smasher burger is the latest offensive move in the value wars. The Big Smasher burger, Chili's newest menu item, was served in the company's test kitchen before its official launch on April 29. And if the sheer size and taste of the Chili's burger are anything to go by, it has a shot at beating fast-food chains in the value wars.

Persons: —, margarita, It's, Applebee's, John Peyton, Cate Gillon, Ian Borden, Scott Rodrick, Chris Kempczinski, Borden, McDonald's, Erin McDowell, We've, we've, Brian Paquette, Paquette, Big, Chili's, Richard Levine, Corbis, Felix Organizations: Service, Dallas, Mac, Business, Dine, Restaurant, UBS Global Consumer, Retail Conference, CNN, CBS News, Getty, Bloomberg Locations: New York, New York City, California, , New York

☆ Baltimore officials accused the ship that crashed into the Key Bridge of being 'unseaworthy' and leaving port even though its alarms had already gone off
▼ + stars: | 2024-04-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewCity of Baltimore officials on Monday accused the owner and manager of the ship that crashed into the Francis Scott Key Bridge of allowing the vessel to set sail despite it being "clearly unseaworthy." "Reporting has indicated that, even before leaving port, alarms showing an inconsistent power supply on the Dali had sounded," the court petition reads. Authorities found that the 984-foot ship lost power as it navigated toward the bridge, causing it to lose propulsion. The crew on board broadcast a mayday call just before impact, allowing traffic police to seal access to the bridge. AdvertisementMeanwhile, President Joe Biden has said that the federal government will fund the reconstruction of the Key Bridge, and has agreed to disburse some $60 million in aid to the region.

Persons: —, Francis Scott Key, Dali, Grace Ocean, Baltimore Mayor Brandon Scott, Joe Biden Organizations: Service, Synergy Marine, Business, Baltimore Mayor, Grace, Synergy, Port, Authorities, National Transportation Safety Board, FBI, Washington Post Locations: Baltimore, Maryland, Singapore, Port of Baltimore, Sri Lanka, Patapsco

☆ Salvador Dalí will take your call via lobster phone
▼ + stars: | 2024-04-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Read previewSalvador Dalí is now a lobster phone call away. The bot speaks with grandiose, flowery language, often injecting references to surrealism, dreams, life, and death — subjects the real Dalí explored on the canvas. Because of its guardrails, it tends to be more upbeat than the real Dalí may have been in certain situations, Ludvigsen said. As for whether Dalí would approve of his likeness being used, AI Dalí told BI that becoming digitized is a "splendid metamorphosis." And Dalí scholar Elliott King told NPR he believes the late artist may enjoy knowing his voice will live on through his lobster phone.

Persons: —, Dalí, Salvador Dalí, Goodby Silverstein, Martin Pagh Ludvigsen, Silverstein, Ludvigsen, There's, Marilyn Monroe, we'll, Monroe, Drake, Tupac Shakur, Kendrick Lamar, Elliott King, King Organizations: Service, Business, Partners, Southwest, NPR Locations: Florida, South, Texas

☆ This AI startup that helps stores catch shoplifters just bagged $1.5 million in pre-seed funding without using a pitch deck
▼ + stars: | 2024-04-22 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

MokSa.ai uses general-use models and customizes them to detect suspicious activity at store locations. The company also pays college interns in India to watch footage for suspicious activity and annotate it — a process called data labeling. The dashboard shows reports of suspicious activity at a glance. MokSa.aiThe Android of the surveillance marketBefore MokSa.ai, Kolli worked as a quality manager at a company producing parts for high-speed rails. While these two tout their abilities to detect suspicious activity and send alerts, they both require customers to use their cameras and sensors.

Persons: —, Nikhil Teja Kolli, Kolli, Jay Farner, MokSa.ai, MokSa.ai Kolli, Shruti Gandhi, Gandhi, It's Organizations: Service, Business, Array Ventures, Quicken Loans, The Fund, Ventures, Royal Ozarks Locations: Kansas, India, Detroit

☆ People are really annoyed about the price of fast food
▼ + stars: | 2024-04-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Fast food is getting more expensive, and Americans are annoyed about it. Diners told BI they're cutting back on how often they get fast food because of rising prices. AdvertisementBut cheaper fast food may be some way off. Experts say it could have a ripple effect on wages across the fast food industry nationwide, meaning that your favorite spots could become even pricier. The main reason Rodriguez gets fast food is the taste, he said.

Persons: —, Sara Senatore, Dunkin, Warren Colehour, Chad Frye, Artur Widak, Frye, Martin Jennings, it's, Chipotle, James R, Martin, Ben Heyworth, Burger King, He's, Del, Richard McConnell, Ricardo Rodriguez, Rodriguez Organizations: Service, Bank of America, McDonald's USA, Getty, Subway, Consumers, McDonald's Locations: Ukraine, McDonald's, Kentucky, California, Florida, Olive, Burger, Oregon

☆ Watch CNBC’s full interview with RBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin Dreyer
▼ + stars: | 2024-04-19 | 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 EmailWatch CNBC’s full interview with RBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin DreyerRBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin Dreyer, join 'Closing Bell' to discuss markets as the S&P 500 breaks below 5,000.

Persons: RBC's Lori Calvasina, Victoria Fernandez, Gabelli's Kevin Dreyer, Lori Calvasina

☆ The S&P 500 break doesn't mean it's time to be an uber bear, says RBC's Lori Calvasina
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe S&P 500 break doesn't mean it's time to be an uber bear, says RBC's Lori CalvasinaRBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin Dreyer, join 'Closing Bell' to discuss markets as the S&P breaks below 5,000.

Persons: RBC's Lori Calvasina RBC's Lori Calvasina, Victoria Fernandez, Gabelli's Kevin Dreyer

☆ Fast food has become a luxury in California, a franchisee says
▼ + stars: | 2024-04-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewA California franchisee has warned that some of his customers think fast food is becoming a "luxury" as restaurants increase prices to cover the state's new $20 minimum wage for fast-food workers. AdvertisementThe new wage in California comes amid rising prices of fast food across the US more generally. A combination of wage and food inflation pushed prices up during the pandemic, and some diners say they're cutting down on how much fast food they eat because it's no longer affordable. "The appetite that my customers have for price increases is not unlimited," Scott Rodrick, a McDonald's franchisee with 18 restaurants in northern California, previously told BI. Is fast food no longer affordable?

Persons: —, Brian Hom, I've, Scott Rodrick, Tony Nix Organizations: Service, Business Locations: smoothie, San Jose, California

☆ Boeing makes safe aircraft, and the data supports it: Gabelli's Tony Bancroft
▼ + stars: | 2024-04-17 | 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 EmailBoeing makes safe aircraft, and the data supports it: Gabelli's Tony BancroftTony Bancroft, portfolio manager at Gabelli Funds, joins 'Power Lunch' to discuss the Boeing whistleblower on Capitol Hill and how it may impact the airline industry.

Persons: Tony Bancroft Tony Bancroft Organizations: Boeing, Gabelli, Capitol

☆ At a Holi festival in Brooklyn, tradition and contemporary celebration create a colorful union
▼ + stars: | 2024-04-15 | by ( Sheetal Banchariya | ) www.businessinsider.com time to read: +8 min

The Hindu festival Holi has become more popular and inclusive, especially in the Indian diaspora. The Hindu festival of colors, observed as Holi in India and Fagu Purnima in Nepal, holds immense cultural significance for South Asians. "There were not many or any events celebrating Holi at that time, despite a considerable number of Indians living in Jackson Heights," she said. He said that over the years he'd seen Indians, Pakistanis, Nepalese, Bhutanese, Sri Lankans, African Americans, and Irish people attending his Holi event. Love was in the air at the Holi celebration.

Persons: —, Fagu, bhalle, gulab jamun, I'd, Sheetal, Zayira Ray, Uma Kapoor, Kapoor, Manny Singh, Jarrod Fox, Festivalgoers, Akash Sheth, Sheth, Singh, Elise Young, Elise's Bodyshop, Carmen Perez, Young, who's, Vijay Satnarine, It's, Satnarine, Love, Lord Vishnu, King Hiranyakashipu, Prahlad, Hiranyakashipu's, Holika, Radha Rani, Lord Krishna Organizations: Service, BI, Morgan, Morgan Stanley's IT, Google, Hindu American Foundation, gulal, Apple Locations: Brooklyn , New York, India, Fagu Purnima, Nepal, New York, Asian, Queens , New York, Jackson Heights, Jersey, New York City, Morgan Stanley's, City, Brooklyn, Sri Lankans, African, Connecticut, Massachusetts, London, Wales

☆ The rapid rise and fall of ghost kitchens
▼ + stars: | 2024-04-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Ghost kitchens are restaurants with no storefront and no seating that customers never see and which only do delivery. Several influencers and celebrities have used ghost kitchens to produce their own lines of food, like YouTuber Jimmy Donaldson, known online as Mr. AdvertisementAnd as quality issues and late delivery times worsen, some ghost kitchens are starting to see legal challenges. Cracker Barrel also opened its own virtual restaurant using CloudKitchens, another ghost kitchen group, according to Restaurant Business. The company owns three virtual brands, Banda Burrito, The Meltdown, and Burger Den.

Persons: —, Jimmy Donaldson, Burger, Noah Schnapp, It's, TenderFix, Brinker, Kevin Hochman, Donaldson, MrBeast, Travis Kalanick, Kelli Valade Organizations: Service, Business, The New York Times, Kroger, Times, Restaurant Business, Banda, Denny's

☆ Fast-food franchisees in California fear they'll lose customers to Chili's and Applebee's as prices soar over $20 wage
▼ + stars: | 2024-04-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Fast-food franchisees in California fear diners will flock to Chili's and Applebee's to avoid price hikes. As a result, the price gap between fast-food and casual dining restaurants could narrow. This could potentially cause the price difference between fast-food and casual dining restaurants to shrink. Fast-food restaurants in California have been hiking prices to offset the wage, which is 25% above the state's general minimum wage. "We're gonna start to compete with them," Ghai said, speaking about the casual dining restaurants.

Persons: —, Shane Paul, Paul, Scott Olson, Taco Bell, Ghai, he's, wouldn't, Scott Rodrick, Rodrick, Hajime Uba, Brian Vaccaro, Raymond James, Sal Vitalie, Vaccaro, Sharon Zackfia, William Blair Organizations: Service, Burger Locations: California, San Diego, South San Francisco

☆ Buffalo Wild Wings leans into Go takeout format as a third of sales move off premises
▼ + stars: | 2024-04-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

The 100th location of Buffalo Wild Wings Go opened Wednesday on the Upper East Side in Manhattan. Buffalo Wild Wings opened its 100th Go location on Wednesday in New York City, four years after unveiling the quick-service offshoot of its sports bar chain. Since 2018, Buffalo Wild Wings has been a part of Inspire Brands, which is backed by private equity firm Roark Capital. Buffalo Wild Wings' revenue fell 1% in 2023 to $2.32 billion, according to franchise disclosure documents. Opening a traditional Buffalo Wild Wings location requires anywhere from $2.44 million to $4.83 million in initial investment, depending on the restaurant's location and other factors, according to franchise disclosure documents.

Persons: Jimmy John's, Dunkin, Robbins, Red Robin, Jack Litman Organizations: Buffalo Wild Wings, Manhattan . Buffalo Wild Wings, Inspire Brands, Roark Capital, Baskin, Inspire, Barclays, Munson Group Locations: Side, Manhattan, New York City, BWW

☆ Gold rally driven by central banks and high-net worth buyers, says Gabelli's Chris Mancini
▼ + stars: | 2024-04-11 | 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 EmailGold rally driven by central banks and high-net worth buyers, says Gabelli's Chris ManciniChris Mancini, Gabelli Gold Fund associate portfolio manager, joins 'Power Lunch' to discuss what's driving the price of gold higher, who is buying gold, and what the demand for gold says about investors.

Persons: Gabelli's Chris Mancini Chris Mancini

☆ Dali container removal will take weeks, a key to Port of Baltimore reopening
▼ + stars: | 2024-04-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A Key Bridge Response 2024 Unified Command image of response crews remove shipping containers using a floating crane barge after the cargo ship Dali struck and collapsed the Francis Scott Key Bridge, on April 7, 2024 in Baltimore, Maryland. CSX was the first rail to start a rail service for diverted containers resulting from the accident and closure of the Port of Baltimore. Once the Dali is refloated and no longer listing, tugs will move the vessel to the CSX terminal at the Port of Baltimore. "Once you see plans of moving the Dali away from the port, that's when you know the channel is ready to be open," Roth said. The size of vessels the Coast Guard is allowing is 96 feet in length, compared to the 984-foot-long Dali, the vessel that struck the Francis Scott Key Bridge after losing navigational control and destroyed the key piece of infrastructure.

Persons: Dali, Francis Scott Key, JIC, Aaron Roth, Roth Organizations: Bethlehem Steel, Unified Command, Synergy Marine, U.S . Coast Guard, U.S . Army Corps of Engineers, Maryland Department of, Environment, Maryland Transportation Authority, Maryland State Police, Center, CNBC, Port, CSX, Coast Guard, Chertoff Group, Guard, Francis Scott Key Bridge, Department of Defense, Dover Air Force Base Locations: Baltimore , Maryland, Baltimore Harbor, Baltimore, Port of Baltimore

☆ Muhammad Ali’s ‘Thrilla in Manila’ trunks poised to sell for $6 million at auction
▼ + stars: | 2024-04-05 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Reuters —Muhammad Ali’s white satin boxing trunks from his epic “Thrilla in Manila” bout with rival Joe Frazier went up for auction on Thursday and are expected to sell for upwards of $6 million. Auction house Sotheby’s said the trunks from the October 1975 bout in the Philippines, which was won by Ali and marked a brutal finish to perhaps the greatest trilogy in boxing history, will be up for auction until April 12. According to Sotheby’s, the trunks were auctioned in 1988 from Bundini’s storage locker after his death for around $1,000 and have since made their way through the auction market. Muhammad Ali's signed trunks are on auction until April 12. Ali got revenge when he outpunched Frazier for a unanimous 12-round decision in January 1974, setting the stage for the “Thrilla in Manila” nearly two years later.

Persons: Reuters — Muhammad, Joe Frazier, Sotheby’s, Ali, Ali’s, Drew “ Bundini ” Brown, Muhammad Ali's, Frazier, outpunched Frazier Organizations: Reuters, Manila ” Locations: Manila, Philippines, Philippine

☆ 3 people died after being ripped from their high-rise apartments by freak wind storms in China, local reports say
▼ + stars: | 2024-04-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThree people died on Sunday in China's Jiangxi province after being torn from their high-rise apartments by heavy winds, local media reported. A neighborhood chat group message published by Jimu News and other regional media identified three of the deceased as a 64-year-old woman, her 11-year-old grandson, and another 60-year-old woman. Reporters from both outlets published photos of the neighborhood that showed apartments with missing glass facades and only mangled frames remaining. AdvertisementThe affected high-rise neighborhood in Nanchang was completed in 2015, per property listings of the area.

Persons: —, Wan, Liu, Xu, Li Mengping, Li Organizations: Service, Jimu, Business, CCTV, Red Star News, Nanchang Emergency Management Bureau, Weibo Locations: China's Jiangxi, Nanchang, Hubei, Beijing, Weibo, Chengdu, China

☆ I lived in Bali for 2 months. These 7 popular tourist spots were not worth the hype.
▼ + stars: | 2024-04-02 | by ( Jonathan Levin | ) www.businessinsider.com time to read: +7 min

I spent two months living in one of my bucket-list destinations — the tropical island of Bali. The beaches were mostly a letdownThe beaches in Bali aren't necessarily bad, and some are really nice. But walking anywhere in Ubud felt far more chaotic than the romantic drama "Eat, Pray, Love" depicts. Jonathan LevinIndonesia's Gili Islands are not technically part of Bali, but ferry trips to it are popular among Bali visitors, so it feels worth mentioning. AdvertisementOn one side of the island, there's a very narrow strip of sand that seemed to be mostly privatized.

Persons: —, Hugo Amaral, Jonathan Levin, Ubud, I'm, Canggu, pesky, Jonathan Levin Indonesia's Organizations: Service, Business, Gili Locations: Southeast Asia, Bali . Bali, Bali, it's, Nusa Penida, Ubud, Central

☆ A boomer who moved from California to Florida started a Facebook group to help friends make similar moves. 300,000 members later, guiding Californians to new states is his full-time job.
▼ + stars: | 2024-03-31 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

A few years ago, Terry Gilliam, 64, packed his bags, sold his East Bay, California home, and moved to Florida. After founding two Facebook groups for California movers, he realized thousands more were in the same boat. His groups, Leaving California and Life After California, have nearly 300,000 members between them. Gilliam moved to Winter Park, a city of 29,000 outside Orlando, to help care for his parents. Van Edom, the Knoxville realtor, said Knoxville is a newly popular destination for California movers.

Persons: Terry Gilliam, Gilliam, It's, they're, I've, Terry Gilliam Terry Gilliam, Haley Van Edom, California Gilliam, I'm, he's, He's, Craig Blessing, Van Edom, Shay Felknor, Berkshire Hathaway, Dan Joyner, there's, Felknor, Ethan Lanagan, Lanagan Organizations: Service, Business, Golden State, realtors, Golden, Edom Home Group, Disney, California Facebook, Universal, Estate Services, Berkshire Hathaway C, Dan Joyner Realtors, Sacramento — Locations: Bay , California, Florida, California, . Texas , Arizona, Golden State, Knoxville , Tennessee, Connecticut, Texas, Tennessee, Arkansas, Orlando, shutdowns, Texas , Florida, Georgia, South Carolina, Southern California, Central Florida, Van, Knoxville, Berkshire, Greenville , South Carolina, San Diego, Sacramento, Atlanta, North Carolina , Tennessee, Nashville , Tennessee, Franklin , Tennessee, Orange County, Franklin

☆ 8 things you need to know about EV startup founder William Li — known as China's version of Elon Musk
▼ + stars: | 2024-03-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The Shanghai-based premium EV company was co-founded in 2014 by its CEO, William Li. William Li, also known as Bin Li, has been dubbed the "Elon Musk of China" for his push to develop self-driving EVs and his loyal fan base. He co-founded his first major company in his mid-twentiesBitauto, a car comparison website, was co-founded by Li in 2000. AdvertisementAnyone who purchases a Nio car can access "Nio Houses" equipped with meeting rooms, lounges, baristas, and supervised kids' play areas. To Li's dismay, Nio cars are not yet available for sale in the USLi has expressed dissatisfaction with the US tariffs on Chinese-made EVs.

Persons: William Li, Li, —, Bin Li, Elon, EVs, he's, Tesla, Zoey Zhang Li, Nio, Li livestreamed, HECTOR RETAMAL, ET7, ALY, Elon Musk Organizations: Service, REUTERS, Peking University, New York Stock Exchange, NYSE, CNBC, Reuters Locations: China, Shanghai, Anhui, Nio, Europe, Xiamen, Mexico

☆ I steered ships like the Dali for 13 years. Entering and leaving a port is extremely challenging — here's what should have been done in Baltimore.
▼ + stars: | 2024-03-28 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

Sachin Saxena is a former ship captain who spent 13 years navigating the globe on large ships. AdvertisementThis as-told-to essay is based on a conversation with Sachin Saxena, a 45-year-old former ship captain from Singapore. I captained ships transporting liquid petroleum gas from Asia to the United States for 13 years, from 1997 to 2010. Entering or leaving a port is one of the most challenging parts of any voyage. This will start about 45 seconds after the ship's power has failed.

Persons: Sachin Saxena, —, Dali, Francis Scott Key, aren't, I'd Organizations: Service, Baltimore Locations: Dali, Singapore, Asia, United States, Baltimore

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