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American newlyweds Casey and Warner Haley traveled to Montego Bay, Jamaica, for their honeymoon. The airport looked “like a scene out of a doomsday movie” Casey Haley wrote in a Facebook post. Food was running out at the grocery store and lines were “backing up to the back of the store,” Warner Haley said. “So we just had to go back to the resort and buy all the supplies we could from the gift shop,” Warner Haley said. What’s going to happen is what’s going to happen.

Persons: Casey, Warner Haley, “, ” Casey Haley, Casey Haley, ”, ” Warner Haley, We’re Organizations: Sangster, CNN, Food Locations: Montego Bay, Jamaica

☆ How to avoid the ‘stupid American’ stereotype while traveling abroad
▼ + stars: | 2024-07-01 | by ( Kim Davis | ) edition.cnn.com time to read: +16 min

But with tens of millions of Americans traveling abroad every year, the likelihood is that you’ll encounter us wherever you are in the world. So, here are my top 10 tips on how you can avoid the “stupid American” stereotype and become a “Smart American” abroad. However, when I’m traveling abroad, I’m always careful to keep it to, what feels like, a quiet whisper. As a result, many Americans often have little to no knowledge of what’s going on around the world, thus unfairly adding to the “stupid American” stereotype. Beat them to the punch with humorMy biggest secret weapon against being called a “stupid American” is calling myself a “stupid American” first and laughing about it.

Persons: Emily, It’s, we’ve, I’ve, tingle, it’s, You’ll, ”, they’d, Don’t, I’m, you’re, “, it’ll, Judy, pedro emanuel pereira, iStock, don’t, Linh Pham, ” “, you’ll, Adene Sanchez, Kim Davis, Kim @kimdavisreal Organizations: CNN, Uber, Local Locations: Paris, ”, American, Europe, Yorker, New York, Rome, America, United States, Vegas, Swedish, London, Britain, Gothenburg, Sweden

We Counted 22,252 Cars to See How Much Congestion Pricing Might Have Made This MorningToday would have been the first Monday of New York City’s congestion pricing plan. We sent 27 people to count vehicles manually at four bridges, four tunnels and nine streets where cars entered the business district. In total, we counted 22,252 cars, trucks, motorcycles and buses between 8 a.m. and 9 a.m. on Monday. But it does give you a rough sense of scale: It’s a lot of cars, and a lot of money. had planned to use the congestion pricing revenue estimates to secure $15 billion in financing for subway upgrades.

Persons: Kathy Hochul, Noah Throop, Ruru Kuo, It’s, Franklin Organizations: Gov, New York Times, Metropolitan Transportation Authority, Tunnel, Manhattan Bridge, Brooklyn Bridge, manhattan, Williamsburg Bridge, Battery Locations: York, Lexington, St, Queens, Midtown, Tunnel manhattan, Holland, Manhattan, Brooklyn, Brooklyn Bridge Brooklyn, Williamsburg

☆ Beryl strengthens into a hurricane in the Atlantic, forecast to become a major storm
▼ + stars: | 2024-06-29 | by ( ) www.cnbc.com time to read: +6 min

A major hurricane is considered Category 3 or higher, with winds of at least 111 mph (178 kph). Beryl also is the strongest June tropical storm on record that far east in the tropical Atlantic, according to Klotzbach. Beryl is the second named storm in what is predicted to be a busy hurricane season, from June 1 to November 30 in the Atlantic. He said one was the first hurricane of 1933, the most active hurricane season on record. An average Atlantic hurricane season produces 14 named storms, seven of them hurricanes and three major hurricanes.

Persons: Beryl, Philip Klotzbach, St, Vincent, Michael Lowry, Sabu Best, Tomer Burg, Brian McNoldy, Mia Mottley, Musku, Ralph Gonsalves, Storm Alberto, Lowry, Mark Spence, I'm Organizations: Barbados, Colorado State University, National Hurricane Center, University of Miami, South Africa, Grenadines, Cricket, Atmospheric Administration Locations: Caribbean, Barbados, Lucia, Grenada, St, Grenadines, Martinique, Dominica, Tobago, Florida, Jamaica, Mexico, Miami, India, South, Bridgetown, Pittsburgh, Trinidad and Tobago, Port, Spain, South Florida

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

☆ My parents struggled in blue-collar jobs. Paying off their mortgage and retiring them is my proudest achievement.
▼ + stars: | 2024-06-27 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with Simmy Dhillon, from London, about financially supporting his parents. They stayed in their blue-collar jobs for so long because they couldn't afford to take risks. It's been my proudest achievement, and I don't think anything can top it. AdvertisementIn June, we paid a lump sum of around £51,000 using dividends from the business to pay off my parents' mortgage. If I had a salaried job, even if it paid well, I don't think I'd be able to support my family in the same way.

Persons: —, Simmy Dhillon, Jhai, Rice, It's, we've, We're, I've, couldn't, they've, haven't Organizations: Service, Business, Tesco Locations: London, India

☆ I'm an American who visited Portugal for the first time. The affordability and walkability of Lisbon blew me away.
▼ + stars: | 2024-06-24 | by ( Rachel Dube | ) www.businessinsider.com time to read: +1 min

I could walk almost everywhere I wanted to go in the city — but it was very hilly. The view from my balcony at the Four Seasons Hotel Ritz. Rachel DubeBefore you decide where to stay in Lisbon, it's important to research the city's different neighborhoods, especially if you plan on walking everywhere. I chose the Four Seasons Hotel Ritz in the Marquês de Pombal neighborhood because it was within walking distance of Baixa and Chiado. On our first day in Lisbon, the hotel concierge told us to take a taxi to Chiado and Rossio.

Persons: Rachel Dube, who's Organizations: Ritz Locations: Lisbon, Pombal, New York

☆ Taylor Swift kicks off UK Eras shows as some fans wonder if singer is ready to say ‘So long, London’
▼ + stars: | 2024-06-23 | by ( ) www.cnbc.com time to read: +5 min

Taylor Swift performs on stage during "Taylor Swift | The Eras Tour" at Wembley Stadium on June 22, 2024 in London, England. Kevin Mazur | Getty Images Entertainment | Getty ImagesTaylor Swift fans enjoy parsing the singer-songwriter's lyrics for references to her romantic life and insights into her state of mind. The record's fifth track is titled "So Long, London." As Swift brings her blockbuster Eras Tour to London's Wembley Stadium this weekend, some Swifties therefore are wondering if they are witnessing the beginning of an extended goodbye. American pop singer Taylor Swift meets a fan while on stage during "Taylor Swift | The Eras Tour" at Wembley Stadium on June 22, 2024 in London, England.

Persons: Taylor Swift, Kevin Mazur, Swift, London, Prince William, Prince George, Princess Charlotte, valentine, Maggie Fekete, Frank Styles, Benjamin Cremel, Stella Elgood, Harry Styles, she's, Elgood, haven't, Styles, Travis Kelce, Joe Alwyn, Alwyn, ELLE, lister, Naomi May, Tom Holland Organizations: Wembley, Getty, Poets Department, London, Afp, Kansas City Chiefs, Sun, Department Locations: London, England, Wembley, American, Europe, British

☆ I booked an all-inclusive trip to the Amazon rainforest, and I can't believe how much I got for $90 a day
▼ + stars: | 2024-06-23 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +7 min

Read previewAs a child, I dreamed of visiting the Amazon rainforest, but I always envisioned it being wildly inaccessible. So when I found a three-day, all-inclusive tour of the Amazon rainforest at Green Forest Ecolodge for just $270, I knew I had to go. The package included all my meals, bus and canoe transfers, a private lodge, and up to four activities a day. I couldn't believe the value I got for my moneyI highly recommend this all-inclusive trip. Eibhlis Gale-ColemanVisiting the Amazon rainforest was the opposite of what I expected.

Persons: —, Eibhlis Gale, Coleman, I'd, Gale, Elvis Organizations: Service, Business, Lago Agrio Locations: Ecuador, Quito, Lago

☆ AI and robotics are the keys that will drive Tesla to a $1 trillion valuation, Wedbush says
▼ + stars: | 2024-06-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla investors reapproving Musk's pay package puts the company on back on track, Wedbush said. The firm reiterated its $275 price target and suggested Tesla was set to hit a $1 trillion valuation. The stock could see a rebound as soon as the second half of this year, the analysts predicted. AdvertisementTesla looks poised to unveil some of its key AI and robotics projects soon, such as its full self-driving software and its Model 2.5. Tesla stock is down 27% this year.

Persons: reapproving, Wedbush, Tesla, —, that's, Elon Organizations: Service, Wedbush Securities, Elon Musk's, Board, Teslas, EV Locations: China, 2H

☆ Hong Kong stock markets will continue trading during typhoons, starting Sept. 23
▼ + stars: | 2024-06-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

HONG KONG, CHINA - OCTOBER 13: A taxi crosses an empty intersection in the Central business district during a No. 8 Storm signal raised for Typhoon Kompasu, the 18th typhoon of this year, on October 13, 2021 in Hong Kong, China. Hong Kong's financial markets will continue trading even during typhoons and extreme weather starting from Sept. 23, Chief Executive John Lee announced Tuesday. "Hong Kong is an international financial center and there is no reason for us not to align with international financial standards," Lee said. He noted that in consultations conducted by the Hong Kong Exchange, over 90% of brokerage firms and securities firms supported the proposal.

Persons: Kompasu, John Lee, Lee Organizations: Hong Kong Exchange Locations: HONG KONG, CHINA, Central, Hong Kong, China, Hong

☆ Pregnant in Gaza With Nowhere to Go
▼ + stars: | 2024-06-17 | by ( Nicholas Casey | ) www.nytimes.com time to read: +1 min

Nevin had dressed that morning, put on some makeup and gotten her daughters — Zaina, Lina, Maise and Doa’a — ready for the day. Her husband, Mahmoud, flagged a taxi, and the couple set out from the warren of buildings in her neighborhood in eastern Gaza City to a leafy street near the center of the capital. There was a long wait to see him; the high demand must have been a good sign, Nevin thought. Their life together began in a tiny bedroom in her in-laws’ apartment where the couple lived for two years before they moved into their own home in Shajaiye, the neighborhood where both their families lived. Zaina and Lina, now 14 and 13, came into their lives first, the two girls growing close because just a year separated them.

Persons: Nevin, — Zaina, Lina, Maise, Doa’a, Mahmoud, You’re, ”, hadn’t, Zaina Organizations: Shifa Locations: Gaza City, Al, Shajaiye

☆ CNBC Daily Open: Nasdaq record, Tesla future value?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Alain Jocard | AFP | Getty ImagesThis 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. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.

Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla

☆ Nigel Farage: The US-style migration debate taking over Britain’s election
▼ + stars: | 2024-06-16 | by ( Rob Picheta | ) edition.cnn.com time to read: +14 min

“It’s a bit like God’s waiting room.”But Clacton is the front line of Britain’s migration debate. The Reform leader uses divisive language on migration, warning supporters of what he calls an "invasion" of asylum seekers. Despite years of tough rhetoric and policies aimed at deterring the arrival of asylum seekers – devised largely to placate Farage’s supporters – Britain’s asylum system is creaking. Laws prevent most asylum seekers from working, so while taxpayers fund their accommodation, they cannot contribute formally to the economy. That could widen even further the chasm in understanding between his voters and Britain’s asylum seekers, experts fear.

Persons: ” Danny Botterell, Nigel Farage, BEN STANSALL, Donald Trump, Nigel, ” Botterell, “, Farage, ” Farage, –, Rob Picheta, CNN Britain’s, Rishi Sunak’s, ” Zoe Gardner, “ Farage, “ They’ll, ”, Louise Brockwell, Danny Botterell, David Cameron –, Europe –, Sunak, Cameron, Farage’s, ted Britain’s, France –, ” Gardner, Masood, they’re, ” Masood, Brexit, Douglas Carswell, ” Carswell, ” “ There’s, Carswell, Bob Brace, Farage's, hasn’t, Jack, can’t, you’re, Bridget Tyril, Roy Whitehead, Keir Starmer, “ It’s, they’ve, Karen French, “ I’ve, He’s, James Johnson, Theresa May’s, pollster, Queen Elizabeth II, restauranter Dean Coles, Jehosh, Gardner Organizations: England CNN —, Seagulls, CNN, Getty, Clacton, Labour, Brexit Party, Tories, Jays, Sky News, Times, Home Office, Conservative, UKIP, EU, Brexit, Mississippi Center for Public, John, People, Trump, Downing, Partners, “, Conservatives Locations: Clacton, England, Clacton Pier, Europe, ”, London, “, AFP, United States, Britain, Westminster, India, France, Bibby Stockholm, Kent, Afghanistan, UAE, Essex, Jaywick, It’s France, Netherlands, Germany

4:35Americans Love to Shop Online. 0:59‘Lack of Further Progress’ on Inflation Keeps Interest Rates High0:59Fed Wants More ‘Good Data’ Before Cutting Interest Rates, Powell Says0:26Boeing Cargo Plane Makes Emergency Landing in Miami1:00PGA Tour Boss Describes What Led to His Medical Leave of Absence1:55Elon Musk Apologizes for Endorsing Antisemitic Conspiracy Theory1:51Disney C.E.O. Denies Plan to Sell TV Business1:20David Zaslav Defends Unpopular Decisions at Warner Bros. Discovery1:37Harris Not Worried About Biden Trailing Trump in Key Polls0:53U.S. Will Take Years to Reach Chip Independence, Nvidia C.E.O. Says1:06McCarthy Says He Is Undecided on Whether to Seek Re-Election0:40

Persons: Powell, Elon Musk, David Zaslav, Harris, McCarthy Organizations: Boeing Cargo, Disney, Sell, Warner Bros, Biden, Trump, Chip Independence, Nvidia C.E.O Locations: Miami, Chip

☆ I thought I'd have to get my driver's license to move out of NYC until I visited this car-free neighborhood in Arizona
▼ + stars: | 2024-06-13 | by ( Joey Hadden | ) www.businessinsider.com time to read: +5 min

There are plenty of ways to get around without a license, from efficient public transportation systems to walkable neighborhoods and ride-share apps. The anxiety ate away at me until a recent trip to Arizona, where I visited a car-free neighborhood in Tempe called Culdesac. Joey Hadden/Business InsiderCuldesac opened in 2023 and currently has 172 units and 200 residents, a company representative told Business Insider. Joey Hadden/Business InsiderBiehl expressed that while the block is walkable, surrounding streets are not. AdvertisementPerhaps if I move to this Arizona neighborhood, I may never have to get my driver's license.

Persons: —, I've, Joey Hadden, Culdesac, Ryan Johnson, Brad Biehl, Biehl, Joe's, Tempe Mayor Corey Woods Organizations: Service, Business, Apple, Retailers, Residents, Safeway, Tempe Mayor Locations: Arizona, Tempe, Culdesac, Phoenix, Mesa, New York

☆ 5 places where you should always tip—except for in these scenarios, according to etiquette experts
▼ + stars: | 2024-06-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"But at places like sit-down restaurants, hair salons, barber shops or getting food delivered, tipping is customary." Just 67% of adults in Bankrate's survey say they always tip at restaurants. "So if you're not tipping in those scenarios, you're really taking money out of the server's pocket." When it comes to those who cut your hair and deliver your food, you should just about always tip, etiquette experts say. In other words, if you asked for a service and out-and-out didn't receive it, you're OK reducing or withholding a tip, etiquette pros say.

Persons: they're, Ted Rossman, Thomas Farley, Mister Manners, Farley, Elaine Swann, Diane Gottsman, Gottsman Organizations: Swann School of, CNBC, Protocol, of Texas Locations: Bankrate, …

☆ A man born in Japan — where tipping is rude — is part of a growing number of Americans rejecting tipping in the US
▼ + stars: | 2024-06-13 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

Still, back in the US, he recognized the argument that low-paid workers in the service industry have traditionally relied on tips to earn a living wage. Ozeki never ordered food for deliveryBut he said that recent increases in the minimum wage have changed the landscape — at least in certain states. AdvertisementIn California, for example, the minimum wage for fast-food workers rose by law this year from $16 to $20 an hour. "The current minimum wage at a fast food place is higher than my starting salary 15 years ago," Ozeki said. Have you seen your tips dip recently as a service industry worker?

Persons: —, Ken, Ted Rossman, Rossman, jridley@businessinsider.com Organizations: Service, Business, Franciscan Locations: Japan, California

☆ Waymo recalls driverless cars to make them less likely to drive into poles
▼ + stars: | 2024-06-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Waymo issued a recall for its 672 driverless cars to make them less likely to drive into telephone poles. The recall follows a May 21 accident in Phoenix, Arizona, in which a Waymo driverless car hit a telephone pole that was installed in the roadway in an alley. The vehicle was pulling over to pick up a passenger when it struck the pole at low speed, according to Waymo. While the car was severely damaged, no one was hurt, according to documents Waymo filed with the National Highway Traffic Safety Administration. The recall applies only to the fleet of modified Jaguar I-Pace SUVs Waymo owns and operates itself.

Persons: CNN — Waymo, Waymo Organizations: CNN, National, Traffic Safety Administration, Pace, Waymo, Traffic Administration, Google Locations: Phoenix , Arizona, Phoenix , Los Angeles, San Francisco

☆ I spent $650 a night to stay at a Waldorf Astoria hotel in Rome with my daughter. The incredible views weren't even the best part.
▼ + stars: | 2024-06-11 | by ( Julia Diprete | ) www.businessinsider.com time to read: +1 min

Julia DiPreteI'll be honest — I was slightly underwhelmed when our taxi first pulled up to the hotel. The property was huge, but I thought the exterior looked more like a 1970s apartment block than a five-star hotel. The vast space felt like a cross between Scandinavian minimalism and the Palace of Versailles in the best possible way. Modern lines met gold details everywhere, and it worked. Our room wasn't quite ready, but I learned our stay had additional perks because I booked through the AmEx Travel Fine Hotels and Resorts program.

Persons: Julia DiPrete Organizations: Fine, Resorts Locations: of Versailles

☆ A Candidate Got $162,000 in Public Money. His Secret: Fake Donors.
▼ + stars: | 2024-06-11 | by ( Jay Root | Bianca Pallaro | ) www.nytimes.com time to read: 1 min

A taxi driver, Ahmad Zadran, was listed as a $40 donor to the candidate, Dao Yin. Mr. Zadran’s brother was shown as giving $25; his son, Raheem Zadran, was listed as giving $50. Under New York State’s new generous system for publicly financing political campaigns, Mr. Yin claimed the Zadrans’ modest donations as eligible for $1,380 in matching funds. Yet in interviews, the Zadrans said they had not given money to Mr. Yin, nor had they even heard of him. “This is crazy,” Raheem Zadran, 27, said.

Persons: Ahmad Zadran, Dao Yin, Zadran’s, Raheem Zadran, Yin, ” Raheem Zadran, “, ” Organizations: Assembly, York Locations: Flushing , Queens

☆ Vigilante Hong Kong cabbies went undercover to ensnare illegal Uber drivers. It backfired
▼ + stars: | 2024-06-08 | by ( Chris Lau | ) edition.cnn.com time to read: +8 min

They are vigilante taxi drivers taking direct action, having become increasingly frustrated about Hong Kong authorities’ failure to regulate the ride-hailing platform. Noemi Cassanelli/CNNA Uber app is seen on a mobile phone in Hong Kong, China, on May 24, 2024. Patrick Tam, secretary general of the Hong Kong Taxi & Public Light Bus Association, acknowledged the complaints against some unruly taxi drivers, and said he supported the police going after them. “We just want fair treatment.”So far, Hong Kong police have said they had not arrested any Uber drivers ensnared in the amateur sting operations. And CUHK’s Chan said that, after years of ambiguity, Hong Kong is already playing catch-up.

Persons: Ka Chun, “, Uber, Noemi Cassanelli, CNN Uber, ”, Oliver Chan, Hong, John Lee, Lau, tim, ” Jason Chan, Mo, “ Uber, Patrick Tam, CNN Estyn Chung, CUHK’s Chan Organizations: CNN, Hong, Chinese University of Hong, Taxi, Pictures, hackney, CNN Taxis, HK, Hong Kong Taxi, Light Bus Association, Uber Taxi, Uber Locations: Hong Kong, China, Central, Chinese University of Hong Kong, Jordan, Singapore

☆ A boomer who struggled to afford retirement in the US moved to Costa Rica and said money is much less of a concern
▼ + stars: | 2024-06-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

She looked to Costa Rica as an option, having visited a few times prior, and she knew the cost of living was cheaper and life was calmer. Between her Social Security and pension, she earned $30,000 a year, not nearly enough to enter an assisted living or retirement community. Moving to Costa RicaShe remembered a trip to Costa Rica in 1995 and visited in 2022 and 2023 to see if escaping retirement in the US by living there was viable. She moved to a condo in the Guanacaste region in northwest Costa Rica earlier this year. While the cost of living is much lower in Costa Rica, the exchange rate between the US dollar and Costa Rican colón has worsened, meaning prices in Costa Rica have recently shot up.

Persons: —, Cheryl Sands, it's, Sands, Cheryl Sands Sands, she's, hasn't, She's Organizations: Service, Illinois —, Social Security, Business, Illinois -, Forest, Walmart, Costa Locations: Illinois, Costa Rica, America, Latin America, Aurora, Chicago, Illinois - Kentucky, Shawnee, Guanacaste, Junquillal, Santa Cruz, Southern Illinois, Costa Rican

☆ Flying taxis are closer than ever to reality. The booming industry needs to overcome infrastructure hurdles.
▼ + stars: | 2024-06-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

One expert said eVTOLs fly at low altitudes and could create airspace and security challenges. The US's first electric vertical-takeoff and -landing aircraft are expected to fly commercial passengers as soon as 2025. It still needs further approvals to fly for airlines like United, but the latest certificate puts it one step closer. Archer's Midnight aircraft are typically shorter range, with the Midnight flying up to 100 miles on one charge. Joby plans to use the four urban vertiports as a citywide commercial eVTOL air link around Dubai.

Persons: eVTOLs, —, Archer, Bryan Bernhard, Bernhard, Archer's, Pete Syme, Henry Harteveldt, Joby, Rani Plaut, Harteveldt, Bernard, Archer Aviation's, Archer Aviation Bernhard Organizations: Infrastructure, Service, Royal Aeronautical Society, American Airlines, United Airlines, Virgin Atlantic Airways, US Air Force, JPMorgan, Newark Liberty International, O'Hare International, Archer, Midnight, Joby Aviation, FAA, NASA, Joby, Air, Delta Air Lines, Federal Aviation, Archer Aviation Locations: Manhattan, New Jersey, Chicago's, Henry, Dubai, Japan, New York City, San Francisco, Washington, London, Paris

☆ CNBC Daily Open: Nvidia pushes past $3 trillion
▼ + stars: | 2024-06-06 | 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. Nvidia passes AppleArtificial intelligence chipmaker Nvidia surpassed the $3 trillion market capitalization mark, pushing past Apple to become the second most valuable company behind Microsoft. Baron backs Musk's pay dealBillionaire investor Ron Baron has publicly defended Elon Musk's controversial $56 billion Tesla pay package. Elliott retakes SoftBank stakeElliott Management, an activist investor, has taken a $2 billion stake in SoftBank and is pushing for a $15 billion share buyback. In 2020, at Elliott's urging, SoftBank launched a $20 billion share buyback and asset disposal program.

Persons: Ron Baron, Elon, Baron, Elliott retakes SoftBank, Elliott, SoftBank, Son's, Archer, Goldman Sachs Organizations: New York Stock Exchange, CNBC, Nvidia, Nasdaq, Hewlett Packard Enterprises, Dow Jones, Treasury, Apple, Microsoft, Baron Capital, Elliott Management, Electric, FAA, Archer Aviation, Federal Aviation Administration, United Airlines Locations: New York City, U.S, Tesla, Delaware, SoftBank, Elliott's

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