

Boeing CEO Kelly Ortberg announced the company has successfully met all Federal Aviation Administration requirements to increase its 737 Max aircraft production to 47 jets per month, a significant ramp-up from the current rate of 42. Ortberg expressed high confidence in reaching this new rate within the next couple of months, anticipating a period of stabilization before further increases. While acknowledging "work to do" to sustain even higher rates like 52 or 63 per month, he affirmed that the market demand supports these ambitious production goals. The company remains focused on maintaining stringent safety and quality processes throughout this expansion.
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CNBCTeenage cricket sensation Vaibhav Sooryavanshi delivered an extraordinary performance, scoring 97 runs off just 29 balls to secure a victory for Rajasthan Royals against Sunrisers Hyderabad in the Indian Premier League eliminator. The 15-year-old hit 12 sixes, including three consecutive ones off Australia captain Pat Cummins, and reached his half-century in a mere 16 balls. This remarkable innings propelled him to the top of this year's IPL run-scorers' list and broke the record for the most sixes in a single IPL season.
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BBCChinese Vice-Minister of Agriculture and Rural Affairs Zhang Zhili met with Cuban Deputy Agriculture Minister Telce Gonzalez to review existing joint projects and explore new avenues for collaboration in the agricultural sector. This meeting underscores China's growing support for Cuba during a period of significant vulnerability for the island's government, exacerbated by U.S. pressure. Both nations emphasized agriculture as a priority area in their bilateral relationship, aiming to deepen ties as part of building a "community of shared future."
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South China Morning PostThe CNBC Investing Club conducted its May Monthly Meeting, where Jim Cramer and Jeff Marks provided an in-depth review of all 33 portfolio stocks and highlighted four top recommendations for new members to consider buying. Cramer emphasized the critical importance of maintaining a diversified portfolio, even in a market currently dominated by artificial intelligence trends, to ensure long-term durability. The update offered insights into various sectors, including big tech, healthcare, retail, and industrials, reflecting a balanced investment strategy. (not investment advice)
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CNBCA man and his 18-month-old son were airlifted to safety near Lake Tahoe after encountering heavy snow that blocked their path during a mountain bike ride near Freel Peak. The father became exhausted attempting to push through the snow, and his toddler began showing signs of extreme discomfort, prompting a call for medical attention. The El Dorado County Sheriffโs Office's search-and-rescue team responded, flying the pair to South Lake Tahoe airport for treatment by paramedics. Authorities issued a warning for visitors to prepare for significantly different conditions between high and low elevations.
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LA TimesOil prices fell over 4% after Secretary of State Marco Rubio affirmed that the U.S. would give peace talks with Iran "every chance to succeed," signaling diplomatic progress. President Trump, while preferring diplomacy, indicated other options remain if negotiations fail and reiterated Iran would not control the Strait of Hormuz, a vital oil shipping route. Despite a White House denial of a reported draft agreement on commercial traffic, the market reacted positively to the prospect of reduced tensions. Industry experts, however, remain skeptical about a rapid return to pre-war oil flow levels. (not investment advice)
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CNBCAbercrombie & Fitch's shares jumped approximately 12% after the company reported better-than-expected fiscal first-quarter earnings, despite facing challenges from the Middle East conflict which "directly impacted" sales. The EMEA region saw a 10% sales decline, particularly affecting the Hollister brand. CEO Fran Horowitz emphasized focusing on controllable factors and reaffirmed the company's full-year sales growth guidance, marking a potential fourth consecutive year of growth. The company also anticipates financial benefits from recent reductions in U.S. tariff rates. (not investment advice)
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CNBCFollowing intense public backlash to Ferrari's debut all-electric vehicle, the Luce, Lamborghini CEO Stephan Winkelmann affirmed his company's decision to cancel its own EV plans was the correct strategic choice. Lamborghini will instead focus on plug-in hybrid electric vehicles, citing a lack of increasing customer acceptance for full-electric cars in their luxury segment. Ferrari's shares notably declined after the Luce's unveiling, with analysts attributing part of the drop to "design hate" and concerns about brand dilution. (not investment advice)
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CNBCEli Lilly is making a significant re-entry into the vaccine and infectious disease market through nearly $4 billion in acquisitions of three private vaccine makers. These deals target unmet medical needs, including a shingles vaccine designed for fewer side effects, a staph infection treatment, and potentially the first-ever vaccine for the Epstein-Barr virus. This strategic pivot, occurring months after a key FDA vaccine regulator joined Lilly, aims to prevent diseases at their source rather than merely treating their consequences, offering meaningful long-term opportunities despite not matching the sales potential of its obesity drugs. (not investment advice)
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CNBCUSMNT coach Mauricio Pochettino defended his decision to use email for World Cup squad notifications, a method that drew criticism for its impersonal nature towards unselected players. Pochettino explained he wouldn't want to converse with players he'd just cut, emphasizing the emotional toll the selection process took on him. The article notes the controversial inclusion of Gio Reyna, suggesting a presumed improvement in his behavior after past disruptive influences. It also touches on unrelated football news and a controversial appearance by Andrea Pirlo in Moscow.
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The GuardianThis article highlights America's missed opportunity in developing mosquito-killing laser technology, an idea first conceived in the U.S. but now significantly advanced by China's Photon Matrix Lab. While U.S. efforts stalled, China is actively developing a device with thousands of preorders, driven by its own severe dengue outbreaks and public enthusiasm for technological solutions. The author advocates for the U.S. to implement a robust industrial policy to accelerate this technology, framing mosquito eradication as a critical challenge for 21st-century civilization.
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The AtlanticAmidst surging inflation and elevated interest rates, an 18-month Certificate of Deposit (CD) account presents a compelling option for savers seeking to protect and grow their money. This account type offers a competitive, fixed interest rate, allowing for precise calculation of earnings, such as $30 to $3,000 on deposits between $500 and $50,000. While funds must remain untouched until maturity to avoid early withdrawal penalties, the account is FDIC-insured up to $250,000, providing crucial financial security. High-yield savings or money market accounts remain viable alternatives for those needing liquidity. (not investment advice)
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CBS NewsFormer U.S. Attorney General Pam Bondi has been diagnosed with thyroid cancer shortly after her removal from the role, but she continues her work and is set to join the White House's advisory council on AI. The diagnosis, confirmed by a former White House adviser, comes as Bondi is scheduled to testify before the House Oversight Committee concerning her handling of the Epstein files. Thyroid cancer generally boasts a high survival rate, offering a hopeful prognosis for her health.
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BBC