► Try the Financial Times for 4 weeks for just £1. Start your trial now – http://bit.ly/2ry7Tkz ► Read more at https://on.ft.com/2UDyj5n The world’s largest muslim-majority nation goes to the polls to elect its president in a rerun of the 2014 choice between incumbent Joko Widodo and former general Prabowo Subianto ► Subscribe to FT.com
George Hotz, the first person to hack the iPhone, says he built a self-driving car in a month. How did he do it? Bloomberg’s Ashlee Vance went to Hotz’s home to find out… and took his retrofitted Acura for a test-drive. (Video by David Nicholson)
Venture capitalist Peter Thiel tells Google Chairman Eric Schmidt the company has no idea how to invest its money.
Sandy Nurse doesn’t see why she needs to be $120,000 in debt “just for trying to improve my understanding of the world.” And so, after a decade of struggling to repay her student loans, she plans to stop trying. She hopes others will join her, too, in a national strike against the country’s outstanding student
CNBC’s Jim Cramer on Wednesday blasted Bed Bath & Beyond‘s decision to announce disappointing same-store sales figures well ahead of its fourth-quarter earnings release. However, Cramer said investors could use the subsequent stock plunge as a buying opportunity. “I would buy it,” he added. Bed Bath & Beyond shares sank about 25% on Wednesday after
Exhausted road warriors look to airport hotels for convenience. But increasingly, those hotels want travelers to visit for reasons that go beyond ease of access. Essential needs remain constant, but a growing number of amenities, such as lavish spas and farm-to-table dining, tell of an evolving trend. Airport hotels, like Grant Hyatt at SFO, are
DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images The ongoing spread of a new coronavirus disease, recently named COVID-19, could hit the revenue of Southeast Asia’s largest bank this year, its chief executive said on Thursday. Piyush Gupta, the CEO of Singaporean bank DBS, said the
Airplane fuselages bound for Boeing’s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Nick Oxford | Reuters Boeing warned Wednesday that the coronavirus outbreak could hurt aircraft deliveries in the first quarter of the year, as traffic in Asia
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Kohl’s is laying off 250 people as it restructures parts of its business following a dismal holiday season. The changes will help Kohl’s streamline communications and eliminate the overlap of management positions, Kohl’s senior vice president of communications, Jen Johnson,
About 115 pages into President Trump’s proposed 2021 budget are two line items that Medicare beneficiaries might want to take note of. While the president’s proposals pertaining to Medicare are largely aimed at behind-the-scenes shifts — i.e., lowering reimbursement rates to providers and rooting out waste or fraud — the budget also includes changes that
If you’re a CEO hoping to give your stock a boost over time, you may want to start mentioning “growth” and “expansion” more often on earnings calls. Shares of companies with chief executives who made liberal use of positive words to describe financials during earnings conference calls outperformed those at businesses with more reserved CEOs,
Britain’s Prince Harry speaks at Windsor Castle in Berkshire, Britain May 6, 2019. Steve Parsons | Pool | Reuters Goldman Sachs is in discussions to feature Prince Harry as a guest speaker for its interview series “Talks at GS,” according to a person with knowledge of the situation. The Duke of Sussex will likely want
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
This is breaking news. Please check back for updates. Carnival Cruise Lines said Wednesday the deadly Chinese coronavirus could dent earnings this year by as much as 65 cents per share if the cruise line is forced to suspect Asia operations. “While not currently planned, if the company had to suspend all of its operations
A woman wearing a mask is seen as the country is hit by an outbreak of the novel coronavirus in Shanghai, China February 10, 2020. Aly Song | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 45,000Total deaths: At least
In September 1977, NASA launched Voyager I from Cape Canaveral, Florida. The craft carried a golden record that contained a message to aliens from the people of Earth. Here’s what it said. You can now own your own version of the golden record by contributing to a Kickstarter campaign by Ozma Records. ————————————————– Follow BI
The flamboyant Paris mayoral candidate and Fields Medal winner is a thorn in the side of the president and his ruling La République En Marche party. Read more at https://on.ft.com/2Nol81Q. Take our survey and tell us what you like about our YouTube channel: https://bit.ly/33SJ8AI ► Check out our Community tab for more stories on the
Starting in 1908, Henry Ford sold his novel Model T cars as the first to be really accessible to the masses. What’s more, he marketed them as easy to handle for casual drivers and (gasp!) women since they started with a button rather than a crank. Thing is, those old Model Ts were still pretty
If one part of success in Silicon Valley is dependent on your ability to stay up all night and code, the other part depends on your ability to think outside the box. Some in the Valley are trying to force creativity by taking LSD.
Most workers have an age in mind for when they would be willing to call it quits. But the traditional retirement age — 65 — could be changing. Research by Transamerica Center for Retirement Studies and the Aegon Center for Longevity and Retirement looked at what age workers around the world expect to retire from
The Facebook analyst who downgraded the stock Tuesday told CNBC he is concerned about the growth of the social media giant’s advertising business. In particular, Pivotal Research Group analyst Michael Levine said he believes a slowdown in advertising from direct-to-consumer brands could spell bad news for Facebook. Instagram and Facebook are the most popular places
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines after the bell: Lyft – The ridesharing company’s stock fell more than 5% in extended trading after reporting fourth-quarter financial results that beat expectations but did not
Hasbro’s Star Wars The Black Series Hyperreal Episode V The Empire Strikes Back 8-Inch-Scale Darth Vader action figure. Sarah Whitten | CNBC Strong sales of “Star Wars” and “Frozen 2” toys helped boost Hasbro’s holiday sales during the fourth quarter, sending shares higher Tuesday. Net income rose to $267.3 million, or $2.01 per share, in
Toronto Raptors guard Kyle Lowry kisses the trophy after the Toronto Raptors beat the Golden State Warriors in the NBA Finals, Game 6 at Oracle Arena, June 13, 2019. Rick Madonik | Toronto Star | Getty Images Winning may be the best way to boost an NBA team’s value, according to Forbes’ franchise valuations, but
Once you reach age 65 and are eligible for Medicare, sorting through your options can be tricky. Add in any layer of complexity to the maze — i.e., jumping in and out of the workforce, dropping and picking up coverage — and look out. The program comes with rules — lots of them. And if
William “Bill” Gerstenmaier in his former role as NASA Associate Administrator for Human Exploration and Operations. NASA/Bill Ingalls SpaceX is only a couple of months away from its first attempt at launching astronauts and the company has brought in one of the foremost experts in human spaceflight to help it do so successfully. William Gerstenmaier,
Yunus Arakon | E+ | Getty Images Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory agenda are pushing more fraudsters to bilk unsuspecting investors. State and federal authorities uncovered 60 alleged Ponzi schemes last year with a total
An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour shares plummeted Monday morning after the company reported sales that missed analysts’ estimates during the holiday quarter and issued a bleak outlook. It said it is facing “ongoing demand challenges” for its athletic apparel
Medical workers in protective suits move a patient at an isolated ward of a hospital in Caidian district following an outbreak of the novel coronavirus in Wuhan, Hubei province, China February 6, 2020. China Daily | Reuters This is a live blog. Check back for updates. All times below are in Eastern time. Total confirmed
From kitchens deep within Miami Hard Rock Stadium, a culinary staff of 3,000 people are dishing out all the food for Super Bowl LIV. Chefs are flown in from all over the country to help feed 215,000 of football’s biggest fans. They’re hustling non-stop to cook 10,000 hot dogs and 400 different menu items in
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