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☆ Tonight's vice presidential debate matters a lot more this time around
▼ + stars: | 2024-10-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, what you need to know about tonight's vice presidential debate , and why it's worth paying attention to. The big storyUp for debateDrew Hallowell/Getty Images; Andrew Harnik/Getty Images; Brandon Bell/Getty Images; Rebecca Zisser/BIOhio Sen. JD Vance and Minnesota Gov. ET for an uncharacteristically important vice presidential debate , write Business Insider's Brent D. Griffiths and John L. Dorman. Thanks to a hot streak at Miu Miu, Prada has done what few luxury retailers have been able to do this year: grow. In short, it doesn't get trendier than Miu Miu — and trendy is good for business.

Persons: —, Drew Hallowell, Andrew Harnik, Brandon Bell, Rebecca Zisser, JD Vance, Tim Walz, Insider's Brent D, Griffiths, John L, Dorman, Donald Trump, Kamala Harris aren't, Vance, Walz, hasn't, Brent, Trump's, There's, Harris, Joe Biden's, Matt Stroshane, Tyler Le, Blackstone, Getty, Justin Sullivan, Nvidia's, Jensen, Mira Murati, Natalie Ammari, That's, Miu Miu, Prada, Jimmy Carter, Mark Rutte, Jens Stoltenberg, Claudia Sheinbaum, Elliott Hill, Mike Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Microsoft, Getty, Ohio Sen, Minnesota Gov, CBS, Netflix, Republican, UBS, Venture, Murati, Consulting, Nike, NYSE Locations: Minnesota, Silicon, New York, London

☆ We loved living in Austin but left after 10 years. Big businesses and tech wrecked our favorite parts of the city.
▼ + stars: | 2024-09-30 | by ( Laura Niebauer Palmer | ) www.businessinsider.com time to read: +5 min

We hated that many of the city's unique small businesses were being forced out due to high rents. We loved that the city was less hurried, had a small-town feel, and prided itself on its motto, "Keep Austin Weird." AdvertisementWe felt big businesses slowly took away from what made Austin special"Keep Austin Weird" is an ode to the eclectic mix of small businesses found throughout the city. Dmitri Kotchetov/ShutterstockThe Texas capital is known for its motto, "Keep Austin Weird," an ode to the eclectic mix of small businesses found throughout the city. The street was once lined with offbeat stores with unique Austin offerings and welcoming shop owners.

Persons: Austin, —, hasn't, Dmitri Kotchetov, we've, it's, Warby Parker, We've Organizations: Service, Apple, ABC TV, Nike Locations: Austin, Chicago, Texas, The Texas, Congress, Austin .

☆ These U.S. stocks do the best during periods when China stimulates its economy, according to Trivariate Research
▼ + stars: | 2024-09-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Trivariate Research is laying out some U.S. companies that could win big in China's latest stimulus deal. Last week, China's central bank released a raft of support measures to help stimulate economic growth and boost a struggling real estate market in the second-largest economy in the world. "We see the China stimulus as an incremental positive to risk-taking," wrote Trivariate founder Adam Parker in a note to clients. Trivariate is not the only firm that views commodity stocks as potential beneficiaries, with Morgan Stanley recently naming Freeport in its shopping list for commodity stocks. Gaming stocks could also win big with China's stimulus deal.

Persons: Adam Parker, Parker, Trivariate, Morgan Stanley, Estée Lauder, MicroStrategy Organizations: Capri Holdings Locations: China, Freeport, Sands, Capri

☆ China's $114 billion stimulus package immediately boosted its stock market. But can it last?
▼ + stars: | 2024-09-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementUS financial firms' interest in China was on its last legs, but a new stimulus package has some investors excited again. The immediate impact of China's $114 billion package, which includes cutting interest rates and reducing the amount of money banks need to keep in reserve, has been big. Traders, investors, and speculators have sent China's stock market to its best month in nearly a decade , signaling that the market players think that Beijing's moves are a "bazooka." Our annual list of Wall Street rising stars is here. According to a new report from The Wall Street Journal, executives attempted to woo the AI researcher back before rescinding the offer.

Persons: —, Andres Martinez Casares, Alyssa Powell, Linette Lopez isn't, Linette, Jon Hicks, that's, David Tepper, He's, Tepper, Pan Gongsheng, BI's Filip De Mott, Wall, Natalie Ammari, Crypto, Donald Trump, Kamala Harris, Marc Piasecki, Tyler Le, who's, OpenAI execs, Ilya Sutskever, it's, Tara Anand, aren't, Jerome Powell, Ryan Routh, El Chapo, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Traders, Bank of China, bros, Trump, Getty, Houston Chronicle, Hearst Newspapers, Elon, Wall Street Journal, Netflix, Longshoremen's Association, National Association for Business Locations: China, New York, London, Chicago

☆ Casinos and copper make the most sense to invest in right now, says Trivariate's Adam Parker
▼ + stars: | 2024-09-30 | 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 EmailCasinos and copper make the most sense to invest in right now, says Trivariate's Adam ParkerAdam Parker, Trivariate Research CEO, joins 'Squawk on the Street' to discuss if the recent rally in China is sustainable, the idea of medium-term upside, and if there's any election risk ahead.

Persons: Trivariate's Adam Parker Adam Parker Organizations: Trivariate Locations: China

If Dave Gilboa kept better track of his glasses, Warby Parker might not exist. They co-founded Warby Parker, a pioneering direct-to-consumer brand that's sold millions of pairs of glasses, both online and in 269 brick-and-mortar stores across the U.S. and Canada. Warby Parker brought in nearly $670 million in revenue last year. "The need for glasses and contacts continues to grow and grow and grow," Blumenthal tells CNBC Make It. "And we're putting Warby Parker in a position to take advantage of that growth, to serve that very large growing need."

Persons: Dave Gilboa, Warby Parker, Gilboa, — Neil Blumenthal, Andy Hunt, Jeff Raider —, Blumenthal Organizations: Wharton School, University of Pennsylvania, CNBC Locations: Canada, Gilboa

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow we built Warby Parker into a $1.8 billion eyewear brandIn 2010, Warby Parker disrupted the $150 billion global eyewear industry with a pair of $95 glasses. Started by four business school students, the pioneering direct-to-consumer eyewear brand has now sold millions of pairs of glasses, both online and in 269 brick-and-mortar stores across the U.S. and Canada. It brought in nearly $670 million in revenue last year, and currently boasts a market value of $1.8 billion.

Persons: Warby Parker Locations: Canada

☆ Insider Today: Austin's genius housing fix
▼ + stars: | 2024-09-28 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This week's dispatchThe high cost of weight-loss drugsiStock; Rebecca Zisser/BIWhy are two popular weight-loss drugs — Wegovy and diabetes medication Ozempic — so expensive in the US? Patients also bargain-hunt for cheaper weight-loss drugs online, or try to use manufacturer-issued coupons. See the full listiStock; Rebecca Zisser/BIDeals we loveCalling all Madewell shoppers: The bi-annual Madewell Insiders sale is here with 25% off almost everything full-price and an additional 40% off sale. The bi-annual Madewell Insiders sale is here with 25% off almost everything full-price and an additional 40% off sale. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, you've, Shailene Woodley, George Clooney, Rebecca Zisser, Ozempic, Lars Fruergaard Jorgensen, Sen, Bernie Sanders, it's, Gabby Landsverk, Ro, Henry Meds, Eli Lilly, Stefania Pelfini, Jenny Chang, Rodriguez, BI Marie, Mangin, Yellowstone Joey Hadden, Jackson, Wyoming's, Natalie Ammari, Zers, Austin, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Novo Nordisk, Federal Trade Commission, FDA, copycats, BI, Yellowstone, Austin, Lone Star, Disney, Pixar, British, Netflix, Insiders Locations: Washington ,, Germany, New York City, New York, Chicago

This article is part of “Dealing the Dead,” a series investigating the use of unclaimed bodies for medical research. Texas Senate Media ServicesThe Health Science Center did not comment on Parker’s plans for legislation. The Health Science Center suspended its body-donation program, fired the officials who led it and said it would stop accepting unclaimed bodies. The University of North Texas Health Science Center suspended its body-donation program and fired the officials who led it. Dallas County officials have said moving forward they won’t provide unclaimed bodies for research unless survivors choose to do so.

Persons: Sen, Tan Parker, Parker, “, ”, Andy North, Shelby Tauber, Alisa Simmons, Brenda Cloud, Victor Honey, Maddie McGarvey, NBC News Cloud, ” Cloud, ” Terrence Hayes, “ Mr, Honey, Al Sharpton, MSNBC’s, ” Sharpton, Thomas Champney, ” Champney, Eli Shupe, Tarrant, ” Shupe, Louisa Harvey, Michael Coleman, Michael, ” Harvey, Louisa Harvey ., Louisa Harvey Harvey, Harvey, she’s Organizations: NBC News, Republican, NBC, Fort, University of North Texas Health Science Center, Army, Texas, Media Services, Health Science Center, Dallas, Fort Worth National, U.S . Department of Veterans Affairs, Veterans, Health Science, University of Miami Miller School of Medicine, University of Texas Locations: Texas, Dallas, Tarrant, Fort Worth, North Texas, Mississippi, United States, Arlington

☆ What the Eric Adams indictment means for New York City's leadership and future
▼ + stars: | 2024-09-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the walls are closing in on New York City Mayor Eric Adams after a federal indictment . New York City Mayor Eric Adams was indicted on five criminal counts in a corruption probe accusing him of bribery and receiving illegal campaign contributions from foreign nationals. In one case, according to the indictment, that meant a Turkish Airlines manager offering to charge Adams $50 for two business-class seats worth $15,000 . AdvertisementMessages obtained by prosecutors also show Adams promising his staffer he "always" deleted texts following a discussion of alleged Turkish bribes.

Persons: —, Eric Adams, Eric Adams Seth Wenig, Alyssa Powell, Adams, Damian Williams, Gary Hershorn, He's, Alex Spiro, Elon Musk's, Kathy Hochul, Jumaane Williams, Ali Jarekji, it's, David Tepper, Sam Altman's, Getty, Olivier Verriest, Andrei Akushevich, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Nathan Rennolds, Amanda Yen, Milan Sehmbi Organizations: Business, Service, New York City, New, Democrat, Brooklyn Borough, Southern, of, Turkish Airlines, FDNY, Reuters, Financial Times, YouTube, Snapchat, Publishers, York Film Locations: New, States, New York, Manhattan, of New York, Turkish, Ali, Saudi Arabia, China, London

☆ As Eric Adams prepares to appear in court, the number of Democrats calling for his resignation keeps growing
▼ + stars: | 2024-09-27 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

New York City Mayor Eric Adams is set to appear in court over bribery and wire fraud charges. AdvertisementAs New York City Mayor Eric Adams prepares for court, the number of Democrats calling for his resignation is growing. Meanwhile, at least four members of the New York City Council have encouraged Adams to step back, the outlet said. We deserve better, which is why Mayor Adams should step down," Sandy Nurse wrote on X. Hochul issued a statement on Thursday asking Adams to "find an appropriate path forward to ensure the people of New York City are being well-served by their leaders."

Persons: Eric Adams, Adams, —, Katharine Parker, Alexandria Ocasio, Cortez, Brad Lander, Lander, John Avlon, Laura Gillen, Avlon, Sandy Nurse, Sen, John C, Liu, Kathy Hochul, Hochul Organizations: York City, Service, New York City, New York Times, New, Democratic Locations: York, Manhattan, Rep, Alexandria, New York City, Brad Lander , New York, New York, . New York

☆ Eric Adams is showing up to court for the first time since his historic indictment
▼ + stars: | 2024-09-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +2 min

Eric Adams is appearing in court for the first time in his criminal case Friday. AdvertisementNew York City Mayor Eric Adams arrived in Manhattan federal court Friday morning, where he is expected to enter a plea in his sprawling criminal bribery case. Adams is being represented in his criminal case by Alex Spiro, Elon Musk's go-to lawyer. Spiro recently won an acquittal for Alec Baldwin in a criminal case over the "Rust" movie set shooting. AdvertisementHo took the bench in a year ago, and the indictment against Adams would be his first high-profile case as a judge.

Persons: Eric Adams, He's, Adams, —, Katherine Parker, Sean, Diddy, Combs, Alex Spiro, Elon Musk's, Spiro, Alec Baldwin, Dale Ho, Joe Biden, Ho Organizations: Prosecutors, Service, York City, of, Turkish, United, US, American Civil Liberties Union Locations: Turkey, York, Manhattan, Southern, of New York, United Nations

☆ WNBA Playoffs: New York Liberty star Sabrina Ionescu and league MVP A’ja Wilson set up semifinal clash
▼ + stars: | 2024-09-25 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —New York Liberty star Sabrina Ionescu tied a franchise playoff record after scoring 36 points in the No. The victory sees the Liberty advance to the WNBA playoff semifinals where they will meet the Las Vegas Aces, led by league MVP A’ja Wilson. But, you know, every single game is a championship game to get to that final goal,” she said, per the Associated Press (AP). Las Vegas will now travel to New York to face the Liberty on Sunday in Game 1 of the best-of-five series. “New York is a lot better team than they were last year,” Plum said after Tuesday’s win, per ESPN.

Persons: Sabrina Ionescu, A’ja Wilson, Ionescu –, –, ”, Gray, Ionescu, Wilson, A'ja Wilson, David Becker, NBAE, Kelsey Plum, she’s, Tamika Catchings, Candace Parker, “, ” Plum Organizations: CNN, New York Liberty, Atlanta, Liberty, WNBA, Las Vegas Aces, Associated Press, Aces –, Aces, Seattle Storm, The Aces, Houston Comets, Seattle, Las, ESPN Locations: New York, Las Vegas, “ New York

☆ Influencers are shepherding their online followers to IRL events as they look to build communities and make money
▼ + stars: | 2024-09-25 | by ( Amanda Perelli | Sydney Bradley | ) www.businessinsider.com time to read: +9 min

Vox Media has also doubled down on investing in podcasting and is helping its podcast creators expand into live events. Jackie Cinguina, chief marketing officer, and Lillian Xu, executive director, spoke with BI about the company's offerings for podcast creators. Vox Media leans on specific marketing, like placing podcast talent into larger in-person events to perform, like South by Southwest. "From an audience standpoint, we thought it was really important," Xu said about bringing back live events. You see them react to the audience and feed off of them when they are in front of a live audience."

Persons: —, Cary, Michael Huang, Cary Huang, Huang, Tana Mongeau, Brooke Schofield, Jake Shane, Ethan, Hila Klein, Mongeau, Schofield, Hugo Amsellem, it's, Jenna Bandy, Bree Green, Carson Roney, Alex Sheinman, Claire Parker, Ashley Hamilton, Parker, Hamilton, cohost Claire, Dan Howell, Phil Lester, Howell, Lester, Ariana Nathani, Jackie Cinguina, Lillian Xu, Cinguina, Vox, Xu, they're, Delia Cai, Hunter Harris, Emilia Petrarca, Sophia Efthimiatou, Efthimiatou Organizations: Service, Saban Media Center, Disney, Nickelodeon, YouTube, Business, Dolby Theatre, Snapback Agency, Snapback, of, Creators, Netflix, Vox, Vox Media, BI, Southwest, IRL Locations: Hollywood, LA, America, of America, York, Hamilton, South

☆ Things are looking up for the economy. So why are consumers still unhappy?
▼ + stars: | 2024-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, the economy is heading in the right direction, but consumers aren't buying it . Things seem to be going really well for the economy, right? Consumers aren't feeling bullish about the economy these days. Last time around, pesky inflation was keeping things like groceries and housing costs high, even as the rest of the economy showed improvement. China's stimulus plan to boost its ailing economy sent emerging markets indexes to their highest level since April 2022 .

Persons: —, Rebecca Zisser, We've, Insider's Juliana Kaplan, Spencer Platt, Getty, Tyler Le, We'll, Morgan, Mike Wilson, Steven Blitz, China's, aren't, Chelsea Jia Feng, weren't, Natalie Ammari, that's, Ron Sherman, Gen, Mark Zuckerberg, Dan DeFrancesco, Jack Sommers, Jordan Parker Erb, Amanda Yen Organizations: Service, Business, Federal Reserve, Conference Board, Fed, Chelsea, Spotify, Visa, US Justice Department, Prosecutors, Meta Locations: Austin , Texas, New York, London

☆ Post-Roe, pregnant women face growing risk of criminal prosecution for charges much broader than abortion
▼ + stars: | 2024-09-24 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +7 min

Other documented charges against pregnant women include criminal homicide and drug-related charges, along with one charge related to a portion of a criminal abortion statute that has since been repealed and one charge of abuse of a corpse. Certain groups have been advocating for fetal personhood for decades, she said. So instead, fetal personhood was indirectly written into other areas of law, with a particular focus on advocating for prosecutions of pregnant women. “The goal was not just to have these individual people go to prison, it was meant to set a precedent about what fetal rights look like,” she said. Marsh’s case is a “prime example of how pregnancy loss can become a criminal investigation very quickly,” Dana Sussman, senior vice president of Pregnancy Justice, told KFF.

Persons: Dobbs, Roe, Wade, ”, Mary Ruth Ziegler, Ziegler, “, ” Ziegler, Tom Parker, Him, Amari Marsh, ” Dana Sussman, KFF, Dr, Sanjay Gupta, Lourdes A, Rivera Organizations: CNN, University of California Davis School of Law, Pregnancy, South Carolina State University, CNN Health, Dobbs America Locations: United States, Alabama, Oklahoma, South Carolina

☆ 'It's all about growth' to determine where stocks go next, says New York Life Investments' Goodwin
▼ + stars: | 2024-09-24 | 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 Email'It's all about growth' to determine where stocks go next, says New York Life Investments' GoodwinAdam Parker, Trivariate Research founder and CEO; Lauren Goodwin, New York Life Investments chief market strategist; and Kristina Hooper, Invesco chief global market strategist, join CNBC's 'Closing Bell' to discuss where to find opportunities within the bull market.

Persons: Goodwin Adam Parker, Lauren Goodwin, Kristina Hooper, CNBC's Organizations: Life Investments, Trivariate Research, New York Life Investments Locations: New York

☆ Nvidia leads list of 10-bagger stocks the last five years. But be careful
▼ + stars: | 2024-09-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nvidia is the latest poster child on Wall Street for "10 baggers," stocks that soar in price 10 times. But the AI chipmaker's path to " 10-bagger " status included what is also a typical slump (or two) along the way, according to Trivariate Research. To find the 84 stocks, Parker looked for names with market capitalizations over $2 billion and average daily trading volume of at least $30 million. He then screened for stocks that achieved 10-bagger status, and further culled the list to only those that accomplished the feat in the past 25 years. The chart below contains the names that achieved 10-bagger status most recently, along with information on their drawdowns.

Persons: Morgan Stanley, Adam Parker, Parker, Trivariate, they've, Jensen Huang, Tesla Organizations: Nvidia, Research

☆ Our playbook is focused on quality and higher-yielding stocks, says JPMorgan's Stephen Parker
▼ + stars: | 2024-09-24 | 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 EmailOur playbook is focused on quality and higher-yielding stocks, says JPMorgan's Stephen ParkerStephen Parker, JPMorgan Private Bank head of specialized strategies, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's rate path outlook, where investors can find opportunities right now, and more.

Persons: JPMorgan's Stephen Parker Stephen Parker Organizations: JPMorgan Private Bank

☆ Watch CNBC's full interview with Adam Parker, Lauren Goodwin, & Kristina Hooper
▼ + stars: | 2024-09-24 | 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 Adam Parker, Lauren Goodwin, & Kristina HooperAdam Parker, Trivariate Research founder and CEO; Lauren Goodwin, New York Life Investments chief market strategist; and Kristina Hooper, Invesco chief global market strategist, join CNBC's 'Closing Bell' to discuss where to find opportunities within the bull market.

Persons: Adam Parker, Lauren Goodwin, Kristina Hooper Adam Parker, Kristina Hooper, CNBC's Organizations: Trivariate Research, New York Life Investments Locations: New York

☆ Confused about the potential Qualcomm-Intel deal? Here's why it matters even if it doesn't happen.
▼ + stars: | 2024-09-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, why you should care about a potential Intel-Qualcomm deal , even if it might not work. Getting all that varied experience has proved particularly beneficial for TSMC in the age of cutting-edge mobile and AI chips. The US needs Intel to keep (and get better at) manufacturing chips. The problem with that is that this manufacturing business would have almost no customers, and would fall even further behind TSMC. Experts seem incredibly skeptical about a Qualcomm deal going through.

Persons: —, Jamie Dimon, Moneyball, Rupert Murdoch's, Chelsea Jia Feng, I'm, it's, Palantir alums, Jamie Dimon Tom Williams, he's, Goldman Sachs, Chelsea JIa Feng, ChatGPT, Vinod Khosla, Chris Gash, Lachlan Murdoch, Murdoch, Lachlan's, Caroline Ellison, Biden, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Milan Sehmbi, Amanda Yen Organizations: Service, Intel, Qualcomm, Business, Tech, Getty, TSMC, Inc, JPMorgan, Bank of America, Big Tech, Web Services, Employees, Bloomberg Global Business Forum, FAA, OPEC, Oil Locations: Taiwan, China, San Francisco, Nevada, New York, London

☆ China's worsening relationship with US businesses could put AI's chip supply on shaky ground
▼ + stars: | 2024-09-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, China isn't proving to be the economic promised land US companies once hoped for . US-China relations have been on shaky ground for a while, to put it mildly. But despite the growing animosity, US corporations' push to sell things to Chinese consumers has been a middle ground everyone can agree on. AdvertisementTaiwan Semiconductor Manufacturing Company makes vital hardware components for most the world's chip companies, including industry giant Nvidia. Nvidia CEO Jensen Huang recently said his company has a backup plan if things were to kick off in Taiwan .

Persons: —, Jamie Dimon, Tyler Le, Insider's Linette Lopez, It's, that's, Kiran Ridley, Stringer, Getty, Jensen Huang, Huang, Alyssa Powell, Trump, Harris, isn't, Howard Marks, Marks, Rebecca Noble, Vance, Tom Brady, Jeff Bezos, it's, Ryan Routh, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Amanda Yen, Grace Lett, Milan Sehmbi Organizations: Service, Business, China Xinhua News Agency, Getty, Apple, Nike, Huawei, Taiwan Semiconductor Manufacturing Company, Nvidia, Billionaire, Economic Forum Locations: Washington ,, China, China . US, Washington, Beijing, Taiwan, USA, Florida, New York, London, Chicago

☆ The executive in charge of the division that has 2 astronauts stuck in space is leaving Boeing
▼ + stars: | 2024-09-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Ted Colbert, head of Boeing's defense, space, and security division, is leaving the company, per CNBC. Boeing CEO Kelly Ortberg announced Colbert's departure in a staff memo on Friday, CNBC reported. His departure comes amid production problems, budget overruns, and astronauts getting stuck in space. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementTed Colbert, the head of Boeing's defense, space, and security division is leaving the company after 15 years, CEO Kelly Ortberg told staff in a memo on Friday, according to CNBC.

Persons: Ted Colbert, Kelly Ortberg, —, Ortberg —, Colbert, Steve Parker Organizations: CNBC, Boeing, Service, Business

☆ Insider Today: Eldest-daughter syndrome
▼ + stars: | 2024-09-21 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

On the agenda:This story is available exclusively to Business Insider subscribers. AdvertisementSara Arbelaez-Chujfi told Business Insider reporter Maria Noyen earlier this year that her 2-year-old had already flown 80 times, half in business class. According to travel company Going, the price of a single business class ticket typically ranges from $3,000 to $5,000. "In business class, we have a lot less people to cater to and you are paying for more of an experience. More of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Sara Arbelaez, Chujfi, Maria Noyen, Jill Robbins, , Lululemon, Ralph Lauren, Tyler Le, Gwyneth Paltrow, she's, Gracia Lam, Anneta, Tulum, it's, haven't, Valise, Chuck Zlotnic, All, Joan Vassos, Lyle, Erik Menendez, Ryan Murphy's, Rebecca Zisser, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Service, Business, Getty, American Airlines, Landry, Marvel, Hulu, Netflix Locations: North Carolina, San Antonio , Texas, Tel Aviv, Israel, La, New York City, New York, Chicago

☆ Boeing’s head of defense unit Ted Colbert to leave
▼ + stars: | 2024-09-20 | by ( Reuters | Cnn'S Chris Isidore | ) edition.cnn.com time to read: +2 min

Reuters —Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately. “I’d like to share that Ted Colbert, president and CEO of Boeing Defense, Space & Security (BDS), will be leaving Boeing, and that l’ve asked Steve Parker to temporarily oversee BDS, effective immediately, until a replacement for Ted is named at a later date,” Kelly Ortberg, Boeing’s president and CEO, said Friday in a statement. In the most recent quarter, Boeing’s Defense, Space & Security unit lost $913 million, up from the $527 million loss in the same period a year ago, after a narrow profit in the first quarter. But both the second quarter loss and the 2023 full-year loss were more than the company’s troubled commercial aircraft unit lost in the same periods. Boeing’s shares closed down about 1% on Friday and have lost about 41% so far this year.

Persons: Ted Colbert, Steve Parker, “, l’ve, Ted, ” Kelly Ortberg, ”, Utkarsh, Shounak Dasgupta Organizations: Reuters, Boeing, Boeing Defense, Space & Security, BDS, Boeing Company, Boeing’s Defense, & $ Locations: Bengaluru

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