Nike veteran Elliott Hill started as the new CEO on Monday.Hill takes the helm as the company is facing multiple challenges.Nike said it's aiming to boost innovation and reduce reliance on retro styles for future growth. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email ...

Boeing's Challenges in 2024 - Boeing has faced a series of crises in 2024, including mechanical problems, lawsuits, a leadership shake-up, and layoffs [1] - The company lost a door plug on an Alaska Airlines flight, causing a side panel to blow out midair [2] - Boeing has experienced an exodus of corporate executives [2] - The company's stock has declined by over 40% since January 2024 [2] Communication and Media - Boeing representatives did not respond to a request for comment from Business Insider [3]

Google is facing new competition in the advertising market as AI transforms the industry.Google's search ad market share in the US could fall below 50% for the first time in a decade.Perplexity AI, meanwhile, says it is attracting "top-tier" advertisers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed ...

Core Viewpoint - Elon Musk has announced the imminent arrival of self-driving Tesla cabs and Robovans, alongside ambitious plans for Star Wars-style robots priced at $30,000 each, but investor skepticism remains high following a significant drop in Tesla shares after his latest demonstration [1][2][4]. Group 1: Investor Sentiment - Following Musk's recent product showcase, Tesla shares fell nearly 9%, reflecting investor skepticism regarding the feasibility of self-driving taxis and the company's history of unmet promises [4]. - Since Musk's acquisition of Twitter, Tesla shares have decreased by 4.7%, contrasting sharply with a 49% increase in the S&P index during the same period [6]. Group 2: Musk's Track Record - Musk's reputation has shifted from a "tech maverick" known for revolutionary achievements in cars and rockets to one associated with erratic management of Twitter, which has affected investor confidence in his other ventures [5]. - Despite the challenges at Twitter, some investors still believe in Musk's potential to revolutionize self-driving technology, suggesting that Tesla could dominate a significant market if successful [6][7].

AMD launched the Instinct MI325X accelerator on Thursday, and shipping starts later this fall.The new chip offers better performance than Nvidia's H200 yet lags behind Blackwell, analysts say.AMD's stock dipped over 4% post-announcement, reflecting only modest excitement amid competition. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your fav ...

Boeing said Friday that it would cut 10% of its 170,000-strong workforce. CEO Kelly Ortberg said the company was in a "difficult position" amid a strike. The planemaker is still dealing with the fallout of quality-control issues on some of its plane models. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized ...

Core Insights - Tesla is facing significant regulatory and insurance challenges before launching its robotaxi service, which could impact the profitability of its Cybercab owners [1][4][5] - The complexity of insuring self-driving vehicles is a major hurdle, as current insurance models are not equipped to handle the unique risks associated with autonomous technology [5][6] - Investors are becoming increasingly skeptical about Tesla's promises regarding autonomous vehicles, especially after a recent event failed to provide concrete timelines or details [8][9] Insurance Challenges - Insurance for ride-hailing vehicles is already complicated, with drivers often needing additional policies that can increase costs by an average of $31 monthly [4] - Tesla vehicles, including the Model 3, have higher insurance costs, with an average annual rate of $2,221 compared to the industry average of $1,776 [4] - The automotive insurance industry has not yet adapted to the needs of autonomous vehicles, creating uncertainty for Tesla's robotaxi plans [5][6] Investor Sentiment - Following a highly anticipated product unveiling, Tesla's shares fell approximately 8%, indicating investor disappointment with the lack of substantial details [9] - Analysts express concerns about the feasibility and timeline of Tesla's autonomous vehicle plans, emphasizing that the company remains fundamentally a car manufacturer [8][9] - Investors are seeking clarity on when Tesla's significant investments in autonomous technology will yield financial returns [8]

JPMorgan Chase's CEO said Friday that he doesn't plan to join the next presidential administration.Jamie Dimon said he expects to stay at JPMorgan "for a long period" rather than join the government.One way that Dimon might do that after stepping down as CEO is to stay on as chairman. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorit ...

The Boeing strike is growing increasingly ill-tempered as both sides have filed NLRB complaints.Talks resumed on Monday but collapsed the following day.Boeing is losing $50 million a day due to the strike, an analyst estimated. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...

BlackRock brought in $221 billion in net inflows in the third quarter, the most in its history.The world's largest asset manager, though, is focused on growing its private markets business.After growing to $11.5 trillion in assets thanks to cheap ETFs, the firm is focused on higher-fee products. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access y ...