China’s top banking regulator: Any yuan bears will suffer ‘heavy losses’

China’s banking and insurance regulator on Saturday said it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer “heavy losses” if they bet against the currency. The yuan has lost more than 2.5% against the dollar since the festering China-U.S. trade dispute intensified earlier this month. It is now less than a tenth of a yuan away from the 7-per-dollar level authorities have in the past indicated as a floor. “Those who speculate and short the yu


China’s banking and insurance regulator on Saturday said it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer “heavy losses” if they bet against the currency. The yuan has lost more than 2.5% against the dollar since the festering China-U.S. trade dispute intensified earlier this month. It is now less than a tenth of a yuan away from the 7-per-dollar level authorities have in the past indicated as a floor. “Those who speculate and short the yu
China’s top banking regulator: Any yuan bears will suffer ‘heavy losses’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-25
Keywords: news, cnbc, companies, suffer, bears, moving, large, insurance, money, short, yuan, chinas, regulator, hot, real, banking, heavy, losses, speculative


China's top banking regulator: Any yuan bears will suffer 'heavy losses'

China’s banking and insurance regulator on Saturday said it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer “heavy losses” if they bet against the currency.

The yuan has lost more than 2.5% against the dollar since the festering China-U.S. trade dispute intensified earlier this month. It is now less than a tenth of a yuan away from the 7-per-dollar level authorities have in the past indicated as a floor.

“Short-term fluctuation of the yuan exchange rate is normal, but in the long-run, China’s economic fundamentals determine that the yuan will not depreciate persistently,” Xiao Yuanqi, the spokesman for the China Banking and Insurance Regulatory Commission (CBIRC), told a finance forum in Beijing.

“Those who speculate and short the yuan will for sure suffer heavy loss.”

Xiao was reading from a script prepared for Guo Shuqing, CBIRC’s chairman and the Communist Party chief of the People’s Bank of China (PBOC). Guo was scheduled to give a speech at the same forum but couldn’t make it due to last minute arrangements.

Xiao also said Beijing must look out for hot money moving in and out of the country, as well as large amounts of capital flowing into the frothy real estate market.

“We must be especially vigilant about money from overseas moving in and out in large quantities, and hot speculative money, and we must resolutely fight bubbles in real estate and financial assets,” he said.

Chinese policymakers have struggled to manage bubble risks in the property market, the world’s largest, without hurting growth in the sector, which is crucial for the wider economy.


Company: cnbc, Activity: cnbc, Date: 2019-05-25
Keywords: news, cnbc, companies, suffer, bears, moving, large, insurance, money, short, yuan, chinas, regulator, hot, real, banking, heavy, losses, speculative


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Why this 27-year-old is happy she worked a corporate job before starting her $1 billion business

But that’s okay, according to major fashion start-up founder Ankiti Bose, who says she’s happy she worked a corporate job before going it alone. In fact, that day job is what got her where she is today, Zilingo’s CEO told CNBC Make It. It gave Dhruv and I the opportunity to travel around the region and really understand what consumers want. Ankiti Bose co-founder and CEO, ZilingoTo be sure, the 27-year-old is still remarkable. Zilingo’s senior management team, including co-founder and CEO Ankiti


But that’s okay, according to major fashion start-up founder Ankiti Bose, who says she’s happy she worked a corporate job before going it alone. In fact, that day job is what got her where she is today, Zilingo’s CEO told CNBC Make It. It gave Dhruv and I the opportunity to travel around the region and really understand what consumers want. Ankiti Bose co-founder and CEO, ZilingoTo be sure, the 27-year-old is still remarkable. Zilingo’s senior management team, including co-founder and CEO Ankiti
Why this 27-year-old is happy she worked a corporate job before starting her $1 billion business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: karen gilchrist
Keywords: news, cnbc, companies, 27yearold, worked, cofounder, really, gave, southeast, business, ceo, india, job, happy, starting, ankiti, corporate, bose, billion, zilingo


Why this 27-year-old is happy she worked a corporate job before starting her $1 billion business

Many of us would love to be the kid who dreamed up a multimillion-dollar business idea in their college dorm room, becoming an overnight success without ever working a “real job.” The reality, though, is that those teen proteges are few and far between. But that’s okay, according to major fashion start-up founder Ankiti Bose, who says she’s happy she worked a corporate job before going it alone. In fact, that day job is what got her where she is today, Zilingo’s CEO told CNBC Make It. It gave her the chance to watch and learn. “The fact that I was working in venture capital and consulting before that definitely played an important role in shaping our opinions in what would work and what would not work, what would build a sustainable business,” Bose said of the early years she spent working an office job.

It gave Dhruv and I the opportunity to travel around the region and really understand what consumers want. Ankiti Bose co-founder and CEO, Zilingo

To be sure, the 27-year-old is still remarkable. Bose quit her job in 2015, just before her 24th birthday, and along with her co-founder Dhruv Kapoor has spent the last four years building a e-commerce platform that’s valued at nearly $1 billion, to help Southeast Asia’s independent retailers sell their products online. As of February this year, Singapore-headquartered Zilingo had 7 million active users globally and a valuation of $970 million. That puts Bose on course to become India’s first woman to co-found a $1 billion start-up.

Ankiti Bose, co-founder and CEO of Zilingo CNBC

But it was her time spent observing Asia’s burgeoning tech scene — first as a management consultant at McKinsey, and later as an investment analyst at Sequoia Capital in Bangalore, India — that first gave her that “aha” moment, said Bose. “I think it gave Dhruv and I the opportunity to travel around the region and really understand what consumers want,” she said of her corporate role and Kapoor’s job as a software engineer. Bose said that as an investment analyst, she followed the emergence of e-commerce powerhouses such as Amazon, Alibaba and Flipkart in major economies like the U.S., China and India. Yet it also highlighted to her the dearth of options for sellers in Southeast Asia — one of the world’s largest fashion manufacturing markets.

Despite everything that was happening in India and China at the time, Southeast Asia was the one market which was growing really fast. Ankiti Bose co-founder and CEO, Zilingo

“Despite everything that was happening in India and China at the time, Southeast Asia was the one market which was growing really fast and had the maximum room for a product like ours,” said Bose, who first spotted the opportunity on a trip to Chatuchak market in Bangkok, Thailand. “Everybody was solving for access to the internet, but what about everything else that goes on before you actually sell the product?” Bose continued, listing common hurdles for retailers, such as procurement, design and financing. “We said hey, what about if we plug all those gaps for merchants.”

Zilingo’s senior management team, including co-founder and CEO Ankiti Bose (center). Zilingo


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: karen gilchrist
Keywords: news, cnbc, companies, 27yearold, worked, cofounder, really, gave, southeast, business, ceo, india, job, happy, starting, ankiti, corporate, bose, billion, zilingo


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Sears pins its future on small stores selling appliances, mattresses. Here’s what that looks like

Two other Sears Home & Life stores are also opening in Anchorage, Alaska, and Overland Park, Kansas. Boutros’ team will also consider opening Home & Life shops where there are already full-line Sears stores, if there’s ample demand from Sears’ customers. They also sell small appliances like vacuums, major appliances such as those manufactured under Sears’ Kenmore brand and connected home products. Major appliances including Kenmore and other leading appliance brands, displayed in kitchen vignett


Two other Sears Home & Life stores are also opening in Anchorage, Alaska, and Overland Park, Kansas. Boutros’ team will also consider opening Home & Life shops where there are already full-line Sears stores, if there’s ample demand from Sears’ customers. They also sell small appliances like vacuums, major appliances such as those manufactured under Sears’ Kenmore brand and connected home products. Major appliances including Kenmore and other leading appliance brands, displayed in kitchen vignett
Sears pins its future on small stores selling appliances, mattresses. Here’s what that looks like Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: lauren thomas, steve odland, erik lundh
Keywords: news, cnbc, companies, stores, small, pins, selling, future, life, store, park, looks, brands, kenmore, source, mattresses, overland, heres, sears, appliances


Sears pins its future on small stores selling appliances, mattresses. Here's what that looks like

The grand opening of the new Sears Home & Life store in Lafayette, Louisiana. Two other Sears Home & Life stores are also opening in Anchorage, Alaska, and Overland Park, Kansas. Source: Sears

Like many suburban shopping areas, Overland Park, Kansas, has a Whole Foods grocery store and a Cheesecake Factory. Now, it’s among the first to have a Sears Home & Life store. For five decades, from 1967 to 2017, Sears had presence in the booming town, which is also home to Sprint’s headquarters. But the Sears department store and auto center at 9701 Metcalf Ave. went dark two years ago, to make way for a glitzy mixed-use development. This is the narrative many people associate with Sears these days: store closings and liquidation sales. But a shiny, new Sears Home & Life store is the tale the company wants people talking about as it looks for a fresh start after narrowly escaping liquidation. Sears on Friday is opening its first such smaller-format stores — selling mainly mattresses, appliances and connected home products — in Overland Park and in Anchorage, Alaska, and in Lafayette, Louisiana. The company hopes these areas will draw new customers and nostalgic ones who shopped at now-shuttered Sears department stores in those neighborhoods and want the once-bankrupted brand back.

Sears is taking lessons from its storied past, with more than 125 years in business as an iconic American retailer, combined with its historic strengths in selling home goods like appliances, in hopes of creating its future. But it will also continue to face headwinds — like tariffs on consumer goods — and trendy, digitally native brands — like furniture retailer Wayfair and mattress-maker Casper — encroaching on its turf. “We are looking for alternative ways to build our business,” Peter Boutros, chief brand officer for Sears and Kmart, said ahead of the Overland Park grand opening. “The brand has so much equity, … even with what we’ve been through.” Sears Holdings, which owned Sears and Kmart, filed for bankruptcy protection in October with about 700 stores. A $5.2 billion sale saved the company, including its Kenmore and DieHard brands, and put everything into an entity called Transform Holdco. Transform Holdco is controlled by ESL Investments, a hedge fund owned by former Sears CEO Eddie Lampert, and has about 425 Sears and Kmart locations still operating throughout the country. Sears Home & Life is the company’s next chapter.

The “Welcome” Service Desk at the Sears Home & Life store where customers can meet with experts and explore how new appliances would look in a full-scale kitchen. Source: Sears

“This is an evolution in response to two things in the market,” Boutros said. “We are known for our home services, appliances and mattresses. And the second thing is … customers still want to shop for big-ticket items, lay on a mattress to test it, or talk to a home service expert in a physical store.” The retailer said it designed the Home & Life stores based on feedback gathered from opening a handful of smaller-format stores selling just mattresses and appliances in 2017 in Fort Collins, Colorado, Pharr, Texas, Camp Hill, Pennsylvania, and Honolulu. Those four stores are still open and will now be converted to Home & Life-branded locations. Beyond the three openings Friday, Sears won’t say exactly how many Home & Life locations it plans to operate. But it says it’s already scouting other real estate across the country. And it seems to have a strategy for where it wants these stores to be.

Young families

“We are looking for emerging communities where young families are building homes,” Boutros said. “Also where boomers are downsizing. … What we have to do with the boomers group is win back their trust, win back their confidence — that they will come back and shop with us for all the things we are known for.” Overland Park, for example, is considered one of the better suburbs to raise a family in the Kansas City area, with highly rated public schools. It was recently rated by neighborhood-review site Niche as the No. 1 city to buy a home in the U.S., ahead of places like Plano, Texas, and Raleigh, North Carolina. Boutros’ team will also consider opening Home & Life shops where there are already full-line Sears stores, if there’s ample demand from Sears’ customers. But the new Home & Life locations are just a fraction of that size — at roughly 12,500 square feet — and are going to meet consumers where they’re spending the most time, likely not in enclosed shopping malls. “Personally I think an open-air center … for convenience, driving up … makes more sense for us,” he said. “We are not as encumbered as being inside a mall. There’s more flexibility.”

Mattress display at new Sears Home & Life store featuring top brands including Tempur-Pedic, Beautyrest, Sealy, Serta, Simmons and Stearns & Foster (only available in Overland Park and Lafayette). Source: Sears

The new Home & Life stores offer mattresses from brands like Serta, Sealy and Tempur-Pedic. They also sell small appliances like vacuums, major appliances such as those manufactured under Sears’ Kenmore brand and connected home products. Sears has a deal with Amazon in which some Kenmore appliances, like refrigerators, are now Alexa-enabled. A huge focus of these stores is also service, the company said. The Home & Life location in Overland Park has a service desk where shoppers can bring questions while they’re browsing. It has a “Search Bar,” akin to Apple’s Genius Bar, where shoppers can order anything from either Sears’ or Kmart’s website that’s not in the store and get it delivered. It also includes other services like curbside pickup and buy online pick up in store. To be sure, when compared with other advancements retailers have been making to their bricks-and-mortar stores in recent years, Sears’ upgrades within the Home & Life concept might not seem that exciting. Best Buy’s stores selling appliances have similar help-service bars with trained tech representatives, and expanded delivery options. Same with Home Depot and Lowe’s. Even big-box chains like Walmart and Target will give Sears’ growth strategy a run for its money — they offer many of the same items, like mattresses and appliances. The mattress category in particular is being flooded with competition from start-up brands like Casper, Purple, Leesa, Tuft & Needle, Eight Sleep and Nectar, which sell directly to consumers, bypassing department stores. Mattress Firm is shutting more than 200 locations, as online mattress sales ballooned more than 60% in 2017. Does Sears Home & Life really stand a chance?

The Sears Home & Life store offers Smart Home and Home Services areas, where shoppers can explore connected home products and shop replacement parts for any appliance. Source: Sears

“I’m glad [Lampert] is still trying to find the format that works,” said Alan Lacy, former Sears chairman and CEO. “A point of differentiation with Home & Life is it has the Kenmore brand. That does still have some value, so there’s something to fight with there.” “But a challenge is going to be the appliance category is something people purchase from rarely,” Lacy added. “The principal competitors — Home Depot, Lowe’s and Best Buy — all have shoppers in their stores with more frequency.” Sears’ competitors are more “top of mind” with many consumers in the U.S. today, he said. Each Home Depot, Lowe’s and Best Buy reported same-store sales gains — a closely watched measure of a retailer’s health — during their latest fiscal quarters. Investments in their stores and websites are paying off and clearly still driving traffic. Sears, by contrast, has seen its sales steadily decline. It went 42 quarters with only one three-month period of gains in same-store sales. Its last profitable year was in 2010. In the midst of its bankruptcy proceedings, it lost $318 million during the November-December holiday season, according to SEC filings, though some of that was because of bankruptcy costs.

At the Sears Home & Life store, customers can browse leading appliance brands, including Kenmore, and assorted smart home products in kitchen vignettes. Source: Sears

Lessons from the past

Notably missing from the Sears Home & Life store in Overland Park is apparel, something Sears and Kmart locations have carried for decades. (Clothing and accessories can still be ordered at the store using the Search Bar.) Boutros said Sears — with Home & Life — really has to “lean into what we are known for,” which is its DieHard tool brand, Kenmore washers and dryers, and overall expertise in installing bulky appliances. “We’re not trying to create new categories,” he said. “We’re not trying to create something we’re not.” Of course, just because Sears is putting money into its Home & Life concept doesn’t mean it will work. Sears less than a year ago devoted resources toward completely renovating a store at Oakbrook Center in Illinois. It trimmed the size of the store, added more modern fixtures and mixed up the merchandise. But seven months after the renovations were complete, the store shut in April. Transform Holdco said it opted not to acquire the lease of the Oakbrook store because the location wasn’t making money.

Major appliances including Kenmore and other leading appliance brands, displayed in kitchen vignettes at the new Sears Home & Life store. Source: Sears


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: lauren thomas, steve odland, erik lundh
Keywords: news, cnbc, companies, stores, small, pins, selling, future, life, store, park, looks, brands, kenmore, source, mattresses, overland, heres, sears, appliances


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US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more


Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more
US Treasury yields tick higher amid ongoing trade war worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…

Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it…

Politics

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Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


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Why one Facebook expert says breaking up the company won’t work

Why one Facebook expert says breaking up the company won’t work20 Hours AgoFacebook co-founder Chris Hughes called for the break-up of the social media networking giant in a New York Times op-ed. Chris Kelly, former Facebook chief privacy officer and first general counsel, and Ben Mezrich, author of “The Accidental Billionaires: The Founding of Facebook,” join “Squawk Box” to discuss.


Why one Facebook expert says breaking up the company won’t work20 Hours AgoFacebook co-founder Chris Hughes called for the break-up of the social media networking giant in a New York Times op-ed. Chris Kelly, former Facebook chief privacy officer and first general counsel, and Ben Mezrich, author of “The Accidental Billionaires: The Founding of Facebook,” join “Squawk Box” to discuss.
Why one Facebook expert says breaking up the company won’t work Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, chris, privacy, oped, work, york, expert, breaking, wont, facebook, company, squawk, work20, times, social


Why one Facebook expert says breaking up the company won't work

Why one Facebook expert says breaking up the company won’t work

20 Hours Ago

Facebook co-founder Chris Hughes called for the break-up of the social media networking giant in a New York Times op-ed. Chris Kelly, former Facebook chief privacy officer and first general counsel, and Ben Mezrich, author of “The Accidental Billionaires: The Founding of Facebook,” join “Squawk Box” to discuss.


Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, chris, privacy, oped, work, york, expert, breaking, wont, facebook, company, squawk, work20, times, social


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House Republican holds up $19 billion disaster relief bill expected to pass unanimously

Rep. Chip Roy, R-Texas, left, listens during the House Oversight and Reform Committee markup of a resolution authorizing issuance of subpoenas related to security clearances and the 2020 Census on Tuesday, April 2, 2019. Rep. Chip Roy, R-Texas, blocked a $19.1 billion disaster relief bill that was expected to sail through Friday, a move that stalled the measure from becoming law. The bill was expected to pass the House under a unanimous consent process, to which any member may object. “Secondly,


Rep. Chip Roy, R-Texas, left, listens during the House Oversight and Reform Committee markup of a resolution authorizing issuance of subpoenas related to security clearances and the 2020 Census on Tuesday, April 2, 2019. Rep. Chip Roy, R-Texas, blocked a $19.1 billion disaster relief bill that was expected to sail through Friday, a move that stalled the measure from becoming law. The bill was expected to pass the House under a unanimous consent process, to which any member may object. “Secondly,
House Republican holds up $19 billion disaster relief bill expected to pass unanimously Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: tucker higgins
Keywords: news, cnbc, companies, elected, pass, bill, expected, roy, rtexas, disaster, trump, holds, rep, billion, object, relief, republican, unanimously, house


House Republican holds up $19 billion disaster relief bill expected to pass unanimously

Rep. Chip Roy, R-Texas, left, listens during the House Oversight and Reform Committee markup of a resolution authorizing issuance of subpoenas related to security clearances and the 2020 Census on Tuesday, April 2, 2019.

Rep. Chip Roy, R-Texas, blocked a $19.1 billion disaster relief bill that was expected to sail through Friday, a move that stalled the measure from becoming law.

The bill was expected to pass the House under a unanimous consent process, to which any member may object. It is likely to be revisited when lawmakers return June 3.

“I’m here today primarily because if I do not object Congress will have passed into law a bill that spends $19 billion of taxpayer money without members of Congress being present here in our nation’s capital to vote on it,” Roy said on the House floor.

“Secondly, it’s a bill that includes nothing to address the clear national emergency and humanitarian crisis we face at our southern border,” Roy said.

Democrats’ next move was not immediately clear. Rep. Steny Hoyer, D-Md., the House majority leader, said the party will “take action as early as next week” during an informal session.

A companion measure passed in the Senate on Thursday. The bill included about $1 billion in funding for Puerto Rico relief, a point of contention, in addition to funds for other parts of the country hit by floods, hurricanes and fires.

President Donald Trump has declared the situation on the southern border a national emergency and had previously sought to include border-related funding in the bill. He later dropped the demand.

Roy’s last-minute announcement immediately drew the fury of House Democrats.

“After President Trump and Senate Republicans delayed disaster relief for more than four months, it is deeply disappointing that House Republicans are now making disaster victims wait even longer to get the help they need,” House Appropriations Committee Chairwoman Rep. Nita Lowey, D-N.Y., said in a statement.

House Speaker Nancy Pelosi, D-Calif., decried the move as “sabotage.”

Roy previously served as the chief of staff to Sen. Ted Cruz, R-Texas. He was narrowly elected to his first term in Congress last year after pledging to secure the border “so that terrorists, criminals, and illegal immigrants are not allowed to come and go as they please,” according to his campaign website.

Roy was elected with just over 50% of the vote in a district Trump carried by 10 points in 2016, suggesting he could face a difficult re-election battle. His district, Texas’s 21st, is a “top tier Democratic pickup opportunity,” according to Avery Jaffe, a spokesperson for the Democratic Congressional Campaign Committee.

“Every day Congressman Roy spends in Washington he turns more into a creature of the swamp,” Jaffe said in a statement.

Roy, in a statement later Friday, wrote that “I stayed in D.C. to object because this kind of swampy practice is what Texans elected me to stand against.

— CNBC’s Dan Mangan and Christina Wilkie contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: tucker higgins
Keywords: news, cnbc, companies, elected, pass, bill, expected, roy, rtexas, disaster, trump, holds, rep, billion, object, relief, republican, unanimously, house


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SpaceX launches dozens of ‘Starlink’ internet satellites into space — its heaviest payload ever

SpaceX sent a packed rocket of 60 satellites into space on Thursday morning, in a key first mission toward building the company’s own high-speed internet network. The launch was “the heaviest payload a Falcon 9 [rocket] has ever launched, or Falcon Heavy, for that matter,” SpaceX CEO Elon Musk told reporters before the mission. All in all, the rocket lifted more than 37,000 pounds of mass, he said. Called “Starlink,” the satellites represent the company’s ambitious plan to build an interconnecte


SpaceX sent a packed rocket of 60 satellites into space on Thursday morning, in a key first mission toward building the company’s own high-speed internet network. The launch was “the heaviest payload a Falcon 9 [rocket] has ever launched, or Falcon Heavy, for that matter,” SpaceX CEO Elon Musk told reporters before the mission. All in all, the rocket lifted more than 37,000 pounds of mass, he said. Called “Starlink,” the satellites represent the company’s ambitious plan to build an interconnecte
SpaceX launches dozens of ‘Starlink’ internet satellites into space — its heaviest payload ever Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: michael sheetz
Keywords: news, cnbc, companies, space, internet, falcon, dozens, mission, payload, satellites, launches, starlink, heaviest, rocket, planet, companys, musk, spacex, highspeed


SpaceX launches dozens of 'Starlink' internet satellites into space — its heaviest payload ever

SpaceX sent a packed rocket of 60 satellites into space on Thursday morning, in a key first mission toward building the company’s own high-speed internet network.

The launch was “the heaviest payload a Falcon 9 [rocket] has ever launched, or Falcon Heavy, for that matter,” SpaceX CEO Elon Musk told reporters before the mission. All in all, the rocket lifted more than 37,000 pounds of mass, he said.

Called “Starlink,” the satellites represent the company’s ambitious plan to build an interconnected satellite network to beam high-speed internet to anywhere on the planet. It’s how Musk believes SpaceX will be able to generate enough revenue to realize its even more ambitious goals of sending astronauts to Mars, and to establish the first human colony on the Red Planet.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: michael sheetz
Keywords: news, cnbc, companies, space, internet, falcon, dozens, mission, payload, satellites, launches, starlink, heaviest, rocket, planet, companys, musk, spacex, highspeed


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5 affordable places to retire abroad

You don’t need a million dollars to live a glamorous retirement, so long as you’re willing to leave the U.S. behind. “Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living. They’re wrong, Stevens said. The website for expatriates is out with a list of “5 Places to Live Like a Movie Star, Without Their Bank Balance.” Around 680,000 Americans currently receive their Social Security


You don’t need a million dollars to live a glamorous retirement, so long as you’re willing to leave the U.S. behind. “Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living. They’re wrong, Stevens said. The website for expatriates is out with a list of “5 Places to Live Like a Movie Star, Without Their Bank Balance.” Around 680,000 Americans currently receive their Social Security
5 affordable places to retire abroad Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: annie nova
Keywords: news, cnbc, companies, stevens, affordable, live, places, website, willing, social, security, wrong, youre, bank, star, abroad, retire


5 affordable places to retire abroad

You don’t need a million dollars to live a glamorous retirement, so long as you’re willing to leave the U.S. behind.

“Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living.

They’re wrong, Stevens said.

The website for expatriates is out with a list of “5 Places to Live Like a Movie Star, Without Their Bank Balance.”

Around 680,000 Americans currently receive their Social Security checks at a foreign address, although the number of retirees abroad is likely higher since many people maintain their U.S. bank account.

Here are the five destinations.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: annie nova
Keywords: news, cnbc, companies, stevens, affordable, live, places, website, willing, social, security, wrong, youre, bank, star, abroad, retire


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Amazon shares will reach $3,000 in 2 years without the company really trying, Piper Jaffray says

Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more


Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more
Amazon shares will reach $3,000 in 2 years without the company really trying, Piper Jaffray says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: john melloy
Keywords: news, cnbc, companies, really, itpoliticsread, reach, trump, 3000, amazon, testify, private, investigation, mueller, trying, shares, piper, jaffray, company, wants, robert, talk, russian


Amazon shares will reach $3,000 in 2 years without the company really trying, Piper Jaffray says

Robert Mueller wants to testify in private before Congress,…

Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it…

Politics

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Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: john melloy
Keywords: news, cnbc, companies, really, itpoliticsread, reach, trump, 3000, amazon, testify, private, investigation, mueller, trying, shares, piper, jaffray, company, wants, robert, talk, russian


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