The Strait of Hormuz sees roughly 20% of the world’s oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins “The Takeout” with analysis. Source link
Former Starbucks chief executive Howard Schultz said in a LinkedIn post that he and his wife are moving from Seattle to Florida after more than four decades in the city, where he helped build the coffee chain into a global brand. His announcement comes as Washington state lawmakers advance a so-called millionaire tax that would levy a … Read more
As the war with Iran causes the price of oil to skyrocket, the CEO of United says that it could soon affect airline prices. Clint Henderson, managing editor for travel website The Points Guy, joins to discuss. Source link
“It’s been a long time since we’ve had a bad event,” said Lloyd Blankfein. “It’s been 17 years since the financial crisis.” The former CEO of Goldman Sachs, who led the bank through that historic crisis, says it happened before, so it’ll happen again. “Think of it as kindling on the floor of a forest,” … Read more
A federal judge ruled Saturday that Kari Lake, President Trump’s choice to lead the U.S. Agency for Global Media, did not have legal authority to take the actions she’s done to largely dismantle the Voice of America. The decision’s effect on VOA operations was not immediately clear. Voice of America, which has transmitted news coverage … Read more
Travelers could soon see a rise in U.S. airfares as rising global oil costs due to the Iran war boost the cost of jet fuel. Speaking at an industry event on Thursday, United Airlines CEO Scott Kirby said rising fuel costs will have a “meaningful” impact on the carrier’s financial results this quarter, CNBC reported. He also … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Burger King releases taste test video after clip of McDonald’s CEO goes viral 03:29 UP NEXT U.S. Steel expects hiring boost as Nippon deal brings investment 03:28 Burger King releases taste test video after clip of McDonald’s CEO … Read more
SANTA FE, N.M. — Jurors in a bellwether trial about the impacts of social media on teenagers and children on Wednesday watched a deposition of Meta CEO Mark Zuckerberg that explores what the architects of Facebook and Instagram knew from internal research about the negative experiences by young users and how the company responded since … Read more
Anthropic CEO Dario Amodei told investors on Tuesday that his company is still in talks with the Pentagon “to try to deescalate the situation” following a clash over AI guardrails in the military. CBS News exclusively obtained audio of Amodei’s remarks at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco. He told … Read more
Anthropic’s CEO spoke exclusively to CBS News amid a disagreement between the company and U.S. government over limits on how its AI model could be used. The Pentagon wants total access without restrictions. Anthropic’s CEO says, “I think we are a good judge of what our models can do reliably … and what they cannot … Read more