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☆ Stanley Druckenmiller says he's 'licking my wounds' from selling Nvidia too soon
▼ + stars: | 2024-10-16 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."

Persons: Stanley Druckenmiller, I've, —, Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC

☆ GM makes a $625 million lithium-battery move to shore up its EV supply chain
▼ + stars: | 2024-10-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

General Motors is investing $625 million in the electric vehicle supply chain. The funds will help Lithium Americas Corp develop and operate a major lithium mine in Nevada. Despite EV production cuts, GM aims to strengthen the domestic lithium supply chain. AdvertisementDetroit-based automaker General Motors is pumping money into the domestic supply chain for electric vehicle batteries. Related stories"Today's joint venture announcement is a win-win for GM and Lithium Americas," Evans continued.

Persons: —, Jonathan Evans, " Evans, Jeff Morrison, GM's Organizations: Motors, Americas Corp, Service, General Motors, EV, GM, US Department of Energy, DOE, Lithium, Rio Tinto, Street Journal Locations: Nevada, Detroit, Humboldt County , Nevada, Thacker, North America, Lithium Americas, Rio

☆ Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban
▼ + stars: | 2024-10-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

2025 Chevrolet Tahoe GMDETROIT – General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand's long-standing segment leadership. The Detroit automaker's Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for over 45 years, according to GM. For Chevrolet, the 2025 Chevrolet Tahoe and Suburban check many of those boxes and include the addition of GM's hands-free Super Cruise advanced driver-assistance system. Starting pricing for the 2025 Tahoe will range from about $60,000 for a Tahoe LS to more than $83,000 for the top-end High Country. 2025 Chevrolet Tahoe GM

Persons: Scott Bell, Bell Organizations: Chevrolet Tahoe GM DETROIT –, Motors, Chevrolet, Detroit, GM, Ford Motor, Nissan, GMC, Yukon XL, Ford, Cruise, CNBC, LS, CarMax, Chevrolet Tahoe Locations: Tahoe, Detroit, Yukon, U.S

☆ NYC's short-term rental ban slashed Airbnb listings. A year later, it's unclear if it's made housing more affordable.
▼ + stars: | 2024-10-16 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +7 min

It's been a year since New York City began enforcing its near-ban on short-term rentals, including Airbnbs. While the number of short-term rentals has plummeted, the effect on the housing market is unclear. AdvertisementNew York City's ban on most short-term rentals was supposed to make housing cheaper in the city. In September 2023, NYC began enforcing new regulations — known as Local Law 18 or LL18 — that severely restricted short-term rentals. With so many Airbnbs out of the short-term rental picture, they've been able to charge more.

Persons: It's, Airbnb, —, it's, Ben Kallos, LL18, they've, Sean Hennessey, Jonathan M, that's, they're, Paul, who's, Paul —, Theo Yedinsky, Yedinsky, Eric Adams Organizations: New, Service, New York Times, New York, Tisch Center of Hospitality, Facebook, Business, York City Locations: New York City, York, New, Astoria, Queens, San Diego, Mission Beach

☆ Russian troops are crashing into their own anti-tank barriers and dying, pro-Putin hardliners say
▼ + stars: | 2024-10-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Russian troops are crashing into anti-tank barriers in Kursk, Russia. AdvertisementRussian commanders are misplacing anti-tank barriers, which their own troops and civilians are crashing into, according to several Russian hardliners. The Russian military bloggers, who've long been an important source of independent information about the Russian military, complained that "dozens" of military personnel and civilians had lost their lives crashing into the barriers, according to the ISW. AdvertisementRussian commanders have, throughout the war, faced criticism from Russia's military bloggers for what they say are inept decisions that have hampered Russia's campaign in Ukraine. Ukrainian forces occupy around 386 square miles of territory in Kursk, while Russian forces have continued to make incremental advances in east Ukraine.

Persons: — Organizations: Service, Newsweek, Business Locations: Kursk, Russia, Russian, US, Rylsky Raion, Kursk Oblast, Ukraine

Ukraine CNN —The spluttering roar of a propeller punctuates the perfect silence. Serge said he had personally overseen more than 500 long-range drone attacks into Russia since its full-scale invasion of Ukraine in February 2022. CNN spent two days traveling across the country with the drone unit as it prepared to launch more than 100 drones overnight into September 29 on a mission into Russia. Sources told CNN in September that Tehran had recently completed the delivery of short-range ballistic missiles to Russia. In September, the unit’s drones hit a Russian ammunition depot between Moscow and St. Petersburg, in Tver region.

Persons: “, Serge, GUR, Abbas Araghchi, Vladimir Putin, Vector, it’s, “ We’re, Putin, ” Serge, Sebastian Shukla, Daria Tarasova, CNN “, …, ” Organizations: Ukraine CNN, CNN CNN, UAV Unit, CNN, Iran’s, Maxar Technologies, Maxar, Ukraine, Vector, Pilots, Russian Telegram, Russia –, Technologies Locations: Ukraine, GUR, Russia, Tehran, Iran, Kotluban, Volgograd, Russian, Moscow, St, Petersburg, Tver region, Toropets, United, Ukrainian, Ukraine’s, Donetsk, Luhansk, Kyiv, Russia – Voronezh, Yesk, Rostov, Voronezh

☆ Saudi Arabia’s coveted Masters 1000 tennis tournament has stalled as Six Kings arrives in Riyadh
▼ + stars: | 2024-10-16 | by ( Matthew Futterman | ) www.nytimes.com time to read: +11 min

After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.

Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, —, Novak Djokovic, Turki Alalshikh, Rome —, ”, Nadal, Sinclair, Chris Evert, Martina Navratilova, “, Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., ”, Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand

☆ Can Harris Really Build 3 Million New Housing Units?
▼ + stars: | 2024-10-16 | by ( Conor Dougherty | Anna Watts | ) www.nytimes.com time to read: +5 min

Pretty much since they arrived, Mr. Muir and his family have been trying and failing to find a single-family house for no more than $500,000. “I’m like, ‘Wow, I thought this would be a more affordable place to live,’” said Mr. Muir, who is 44 and works in financial services. They disagree, however, about whether Ms. Harris’s plan would actually do that. (Economists also agree that former President Donald J. Trump’s housing plan, which aims to free up housing by deporting immigrants, would probably make the housing crisis worse by devastating the construction work force). Ms. Harris’s main challenge will be convincing them to build.

Persons: Luke Muir, Muir, ’ ”, “ It’s, Kamala Harris, Harris’s, Donald J, Mark Zandi, Harris, ”, Ed Pinto, playbook, Jason Morris, Withey Morris Baugh, Ms, “, Mr Organizations: American Enterprise Institute, Arizona Legislature Locations: Phoenix, Louisiana, San Diego, Maricopa County, California, Arizona

☆ Stocks making the biggest moves premarket: Goldman Sachs, Bank of America, Walgreens and more
▼ + stars: | 2024-10-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Bank of America -- Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts' estimates. Goldman Sachs — Shares of the investment bank jumped more than 2% on better-than-expected quarterly earnings. Goldman Sachs posted earnings per share of $8.40 on $12.70 billion in revenue. Citigroup — Shares of the Jane Fraser-led bank added 1.7% after third-quarter earnings and revenue were better than consensus estimates. Charles Schwab — The brokerage company surged more than 7% after third quarter results beat analysts' estimates.

Persons: Johnson, J, Goldman Sachs, LSEG, UnitedHealth, Walgreens, Jane Fraser, Coty –, Coty, Charles Schwab, —, Yun Li, Michelle Fox, Samantha Subin, Sarah Min, Pia Singh Organizations: Bank of America, Wall, LSEG, Revenue, Johnson, Walgreens, Alliance, Citigroup —, Citigroup, PNC Financial, PNC, Coty, Energy, RBC Capital Markets, EV Locations: Pittsburgh, LSEG .

☆ Citi's regulatory nightmare still haunts CEO Jane Fraser
▼ + stars: | 2024-10-15 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Citi CEO Jane Fraser denied the prospect of an asset cap after being pressed by two analysts. CFO Mark Mason said Citi is reevaluating its budget and strategy to fix regulatory problems quicker. AdvertisementCiti topped Wall Street expectations this quarter, but CEO Jane Fraser was dogged by questions regarding the bank's regulatory fate. Fraser was asked three times for reassurances that Citi did not and would not have an asset cap before answering the question. "We do not have an asset cap and there are no additional measures other than what was announced in July in place and not expecting any."

Persons: Sen, Elizabeth Warren, Jane Fraser, Mark Mason, —, Fraser, Vivek Juneja, Warren's, Anand Selva, Wells, Mike Mayo —, I'm, Mayo, Mason, Tim Ryan Organizations: Citi, Service, OCC, Federal Reserve Locations: Selva

☆ Boeing to raise as much as $25 billion to shore up balance sheet
▼ + stars: | 2024-10-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Striking Boeing workers and their supporters picket outside the Boeing Co. manufacturing facility in Renton, Washington, on Sept. 16, 2024. Earlier, Boeing separately said in a filing that it has an agreement with a consortium of banks for a $10 billion credit agreement. "The credit facility provides additional short term access to liquidity as we navigate through a challenging environment," the company said in a statement. Boeing shares are down nearly 43% this year through Monday's close. Boeing is trying to shore up its balance sheet as it faces warnings from credit ratings agencies that it could lose its investment grade rating.

Persons: Boeing's, Kelly Ortberg, Ortberg Organizations: Boeing, Boeing Co Locations: Renton , Washington, Monday's

☆ Kamala Harris wants to expand student-loan forgiveness for 10,000 doctors and nurses who agree to work in rural areas
▼ + stars: | 2024-10-15 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Vice President Kamala Harris proposed an initiative to expand healthcare in rural communities. It includes recruiting 10,000 more healthcare workers to rural areas and expanding their student-debt relief options. Trump held the lead over rural voters in 2020, gearing up for a fight this election cycle. According to her campaign, Harris plans to recruit 10,000 healthcare professionals to work in rural and tribal areas. Advertisement"They both understand that rural voters are the foundation of our country, and they want rural voters to know that they have a home in their campaign - that is fundamentally about patriotism, freedom and opportunity," Hildreth said.

Persons: Kamala Harris, Trump, —, Harris, it's, Matthew Hildreth, Walz, Hildreth, Donald Trump, — Harris, Tim Walz, Anna Kelly, Kelly Organizations: Service, Public, U.S . Department of Health, Human Services, HHS, Research, General Internal Medicine, Bureau of Labor Statistics, Trump, Republican National Committee Locations: USA

☆ Americans love TJ Maxx. Here's why big brands do, too
▼ + stars: | 2024-10-15 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

TJX Companies, which owns Marshalls, HomeGoods and T.J. Maxx, has nearly doubled its annual sales over the past decade, reaching $54.2 billion in fiscal 2024. One way that T.J. Maxx accomplishes this is by making designer brands unsearchable on its website. It's not a T.J. product. It's that brand's product. Watch the video to learn more about why both consumers and brands love T.J. Maxx.

Persons: It's, Neil Saunders, Simeon Siegel, Maxx, Siegel Organizations: TJX, BMO Capital Markets, Maxx Locations: HomeGoods

☆ North Korea to blow up cross-border roads with the South, Seoul says
▼ + stars: | 2024-10-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

SEOUL, South Korea — North Korea is getting ready to blow up roads that cross the heavily militarized border with South Korea, Seoul said Monday, amid an escalating war of words after the North accused its rival of sending drones over its capital, Pyongyang. North Korea on Friday accused South Korea of sending drones to scatter a “huge number” of anti-North leaflets over Pyongyang, in what it called political and military provocation that could lead to armed conflict. The North Korean army said last week that it would completely cut roads and railways connected to South Korea and fortify the areas on its side of the border, KCNA reported. North Korea over the weekend warned of a “horrible disaster” if South Korean drones were again found to be flying over Pyongyang. South Korea has sought to strengthen its anti-drone defenses since 2022, Lee said, when five North Korean drones entered its airspace and flew over the capital, Seoul, for several hours.

Persons: Lee Sung, Kim Yo Jong, Kim Jong Un, mongrels, ”, Lee, Lee Kyoung Organizations: South’s, Chiefs of Staff, South Korean, Yankees, North, Jungwon University Locations: SEOUL, South Korea, North Korea, Seoul, Pyongyang, North, Korea, United States, Washington

☆ Jensen Huang says he wants Nvidia to be a company with 100 million AI assistants
▼ + stars: | 2024-10-14 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Jensen Huang says he hopes Nvidia will be a 50,000 employee company with "a 100 million AI assistants." Huang described a future where Nvidia can use AI assistants across every division to raise output. "I'm hoping that Nvidia someday will be a 50,000 employee company with a 100 million, you know, AI assistants, in every single group," Nvidia CEO Jensen Huang said on an episode of the "Bg2" podcast released on Sunday. AI agents break down a task into multiple smaller steps, each tackling a specific task to achieve a broader objective. And Google CEO Sundar Pichai said in May that the company is working on developing AI agents with more capabilities.

Persons: Jensen Huang, Huang, —, I'm, Marc Benioff, Sundar Pichai, Pichai Organizations: Nvidia, Tech, Google, Service, AIs, Slack, Bloomberg, Big Tech

☆ What is UNIFIL, the United Nations peacekeeping force on the Israel-Lebanon border?
▼ + stars: | 2024-10-14 | by ( Kara Fox | ) edition.cnn.com time to read: +5 min

UNIFIL – the UN peacekeeping mission in Lebanon – has called the violations “shocking.”Israel has accused Hezbollah of operating in areas near UNIFIL posts. On Friday, two UNIFIL troops were injured after two explosions occurred close to an observation tower. The United Nations Interim Force in Lebanon (UNIFIL) was established by the UN Security Council following Israel’s first invasion into southern Lebanon in 1978. The UNIFIL troops are tasked with monitoring border violations and keeping the area, which includes Hezbollah strongholds – secure. While UNIFIL is a peacekeeping mission, troops can use force in certain circumstances, including self-defense, to protect civilians under the imminent threat of violence and to protect UN personnel facilities and equipment.

Persons: Lebanon –, ” Israel, Benjamin Netanyahu, ”, António Guterres, “, ” Guterres, Meiss ej Jebel, Israel, Aziz Taher, Harry Koundakjian Organizations: CNN, UN, UNIFIL –, UNIFIL, Israel, IDF, United Nations Interim Force, Reuters, UN Security Council, The Security, Advance UNIFIL, AP, Blue Locations: Lebanon, Labbouneh, Ramyah, shellings, Meiss ej, France, UNIFIL, Lebanese, Naqoura, Israel, Norwegian, Indonesia, Italy, India, Nepal, Ghana, Malaysia, Spain, China, Ireland, United Kingdom, Peru, Nigeria

☆ Morgan Stanley sees stabilizing economy boosting cyclical stocks, names its favorites
▼ + stars: | 2024-10-14 | by ( Brian Evans | Nicole Teo | ) www.cnbc.com time to read: +3 min

Even as focus turns to the upcoming presidential election, Morgan Stanley thinks the business cycle will matter more for stock picking. NVDA YTD mountain Nvidia stock. Wells Fargo also made the cut. WFC YTD mountain Wells Fargo stock. Wells Fargo also repurchased $3.5 billion worth of stock throughout the quarter, which marked a 60% increase from the same period a year ago.

Persons: Morgan Stanley, Michael Wilson, Wilson, Nvidia, Goldman Sachs, Toshiya Hari, Wells Fargo, Jason Goldberg, Goldberg Organizations: Nvidia, Barclays Locations: Wells Fargo

☆ Forget AI chips: These traditional semiconductor stocks are set to soar 70%, says Morningstar
▼ + stars: | 2024-10-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Morningstar has urged investors to shift their focus away from the much-hyped AI chip sector. Instead, the equity research firm highlighted four traditional semiconductor makers it considers undervalued, with two picks potentially offering more than 70% upside. However, the firm's latest research note suggested that investors might find better opportunities outside the AI chip frenzy. Morningstar's top picks include Infineon Technologies and STMicroelectronics : Infineon Infineon Technologies , Germany's largest semiconductor manufacturer, stands to benefit from the increasing electrification of vehicles and the rise of electric cars, according to Morningstar. Morningstar expects Infineon shares to rise by 70% over the next 12 months to 50 euros a share ($54.90).

Persons: Morningstar, we're, Brian Colello Organizations: Nvidia, Infineon Technologies, Infineon Infineon Technologies, Infineon, Morningstar, STM STMicroelectronics, U.S Locations: United States

☆ Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
▼ + stars: | 2024-10-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

There's no doubt about that," said Harry Katz, a professor who studies collective bargaining at Cornell University's School of Industrial and Labor Relations. Late Friday, Jon Holden, president of the striking workers' union, IAM District 751, pushed for a return to negotiations. However, unlike during the last Boeing factory strike in 2008, there is more contract work in the Seattle area to help workers fill the gaps. Slashing workforceA Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024.

Persons: Stephen Brashear, It's, Boeing machinists, Kelly Ortberg, bookends, Max, wasn't, Harry Katz, Jon Holden, Ortberg, Jennifer Buchanan, hasn't, they're, Richard Aboulafia, Ron Epstein, Nick Oxford Organizations: Boeing, Getty, Cornell University's School of Industrial and Labor Relations, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, Boeing Renton Factory, AFP, of America, Bloomberg, & $ Locations: Renton , Washington, Seattle, Friday's, underperformance, Wichita , Kansas

☆ Nvidia heads for record close as AI chipmaker's market cap tops $3.4 trillion
▼ + stars: | 2024-10-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Nvidia shares headed for a record close on Monday as Wall Street gears up for earnings season and updates from all of the chipmaker's top customers on their planned spending on artificial intelligence infrastructure. Companies including Microsoft , Meta , Google , and Amazon are purchasing Nvidia GPUs in large quantities to build increasingly large clusters of computers for their advanced AI work. With a market cap of $3.4 trillion, Nvidia is the second most valuable publicly traded U.S. company, behind Apple at about $3.53 trillion. WATCH: Nvidia CEO Jensen Huang on Squawk Box

Persons: Jensen Huang, ChatGPT Organizations: Nvidia Corp, Nvidia, Companies, Microsoft, Meta, Google, Mizuho, U.S, Apple Locations: Taipei, Taiwan

☆ ServiceNow to invest $1.5 billion in the UK to localize AI data processing
▼ + stars: | 2024-10-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Beyond local business expansion, ServiceNow also said it would invest the cash into localizing the processing of data for its large language models (LLMs), AI models that rely on vast quantities of training data to be able to understand and generate text like a human. The firm said that it would bring Nvidia GPUs (graphics processing units) to its data centers based in London and the Welsh city of Newport to support processing of data on its LLMs within the U.K. This will help support "domain specific LLMs" for U.K. clients and governments, ServiceNow said. ServiceNow isn't the only tech giant betting big on the U.K. as a global destination for AI innovation. The AI center forms part of a $4 billion investment Salesforce committed to making in the U.K. over five years in June last year.

Persons: Bill McDermott, ServiceNow, Keir Starmer, hasn't, Salesforce Organizations: Nvidia, International Investment Summit Locations: Davos, Switzerland, Britain, London, Welsh, Newport, Europe, United Kingdom

☆ Deadly drone attack by Hezbollah exposes Israel’s weaknesses
▼ + stars: | 2024-10-14 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +8 min

The Golani Brigade is regarded as an elite Israeli infantry unit and has been deployed to southern Lebanon as part of Israel’s ground operation there. Sunday’s assault is also the single bloodiest attack on IDF troops inside Israel since the beginning of the war last October. Amitai Alon, who was killed in the drone attack on Sunday. But the drone sent by Hezbollah at the weekend managed to slip through without triggering Israel’s alert systems. In June, Hezbollah released a nine-minute video filmed by a drone showing civilian and military locations in and around one of Israel’s largest cities, Haifa.

Persons: Daniel Sobelman, ”, Hezbollah’s, Hassan Nasrallah, Amitai Alon, Gonzalo Fuentes, Mizrahi, “, Herzi Halevi, Israel, Sobelman Organizations: Jerusalem CNN, Golani, Golani Brigade, Israel Defense Forces, Hebrew University of Jerusalem, CNN, Reuters, IDF, Israeli Institute for National Security Studies, Residents, Sunday, Anadolu, Getty, United Nations, Center for Strategic, International Studies, CSIS Locations: Jerusalem, Israel, Iran, Lebanon, Israeli, Tel Aviv, Haifa, Yemen, Herzliya, Nahariya, Acre, Gaza

☆ Why another delay of Boeing's new 777X plane is such a big deal
▼ + stars: | 2024-10-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.

Persons: —, planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP

☆ Microsoft lost billions of dollars on HoloLens, and its huge IVAS military contract is in trouble
▼ + stars: | 2024-10-14 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

The company's 10-year IVAS contract to make goggles for the Army is worth up to $22 billion. HoloLens historyMicrosoft's HoloLens device was unveiled in 2015. While the 10-year IVAS contract was expected to be worth as much as $22 billion, it suffered delays and has been plagued by quality and performance problems . AdvertisementIn September, Microsoft tapped Anduril to help with its military contract. Palmer Luckey, a virtual-reality pioneer who founded Anduril, recently described the IVAS contract as his "top priority."

Persons: —, That's, that's, It's, HoloLens, Alex Kipman, Kipman, Panos Panay, Palmer Luckey, Ashley Stewart Organizations: Microsoft, Service, US Army, US Department of Defense, Department of Defense, Google, BI, Amazon, Meta, Apple, Labs, Bloomberg, Breaking Defense Locations: IVAS

Almost half of young women have at least a bachelor’s degree compared to 37% of young men. That compares to 2008, when Barack Obama won the votes of 66% of young men. One of the biggest financial pressure points for young men has been higher rents, which are up around 20% since 2020. Young men are more likely to be financially dependent on their parents compared to young women, with 74% of women describing themselves as mostly financially independent compared to 62% of young men, according to a Pew survey. I think Trump will do better with young men than among young women — the gap will be pretty significant in terms of voter support — but I don’t think Trump’s going to win an overwhelming majority.

Persons: David Tasker, he’s, Donald Trump, “ Trump, Kamala, ” Tasker, ” Young, Tasker, it’s, ”, Dan Cox, Andrew Caballero, Reynolds, Richard Reeves, Reeves, “, Young, Kamala Harris, Harris, Barack Obama, Trump, Joe Biden, He’s, Melissa Deckman, Gen Z, they’re, Hulk Hogan, Chip Somodevilla, Hogan, Obama, “ I’m, I’ve, ” Obama, Spencer Platt, Biden, ” Reeves, Derek, You’ve, Sam Lilly, Lilly, “ I’ve, Emily Elconin, “ It’s, Cox Organizations: America, Democratic, Survey Center, American Enterprise Institute, Pew Research Institute, Renwick, Washington , D.C, AFP, Getty, American Institute for Boys, Democratic Party, Harvard Institute of Politics, Republican National Convention, Trump, Bank of America, Intuit Credit Karma, NBC, Bloomberg Locations: Pennsylvania, America, Washington ,, Milwaukee, Pittsburgh, Manhattan, Wisconsin, Royal Oak, Mich

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