For part of his study abroad trip to India in 2010 Bert Mueller stayed with a host family in Jaipur. Mueller and some of his classmates who were also studying abroad brought their respective families food from their home countries. “One of my friends was of Mexican origin and she would make chips and salsa and beans and tortillas,” he says. “One day I came over to her house and I saw she’d made this food for her family she was living with and they were loving the food.” After finishing his degree, Mueller, 22 at the time, returned to India to open California Burrito, a fast-casual Southern California-style burrito restaurant. Today, 12 years after opening the first brick-and-mortar, there are 103 locations across the country. cnb.cx/4cX6utz
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Berkshire Hathaway CEO Warren Buffett announced at the company's annual shareholder meeting on May 3 that he will step down as chief executive at the end of this year. He will stay on as chairman. Since taking over what was once a struggling textile company in 1965, Buffett has turned Berkshire Hathaway into one of the largest conglomerates in the U.S. Under his leadership, Berkshire hit a market cap of $1 trillion in 2024. The legendary investor is also one of the richest people in the world, worth an estimated $160 billion. With such a storied career under his belt, it's no surprise investors of all ages attend Berkshire Hathaway's annual shareholder meeting year after year to hear the Oracle of Omaha speak. This year, an attendee asked Buffett about the "pivotal lessons" he learned early in his career.
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President Donald Trump is preparing to accept a luxury jet from the royal family of Qatar, which he will use as Air Force One, four sources familiar with the planning confirmed to NBC News. The plane, a Boeing 747-8 jet, is set to be transferred to Trump's presidential library foundation at the conclusion of his second White House term, two sources confirmed to NBC. The administration will retrofit the plane so it can be used in Trump's official capacity as president.
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Americans are traveling abroad in droves, while the number of visitors to the United States is falling. Foreign visitors to the United States by air fell nearly 10% in March from the same month a year earlier and nearly 13% from before the pandemic to 4.54 million people, according to data from the International Trade Administration, part of the Commerce Department. Easter week last year was in March, causing some vacations to shift this year. However, U.S. citizens flying abroad increased 1.6% from last March and are up 22% from 2019 to 6.56 million travelers. The imbalance could further deepen the more than $50 billion gap between what the U.S. generates through travel and tourism services and what Americans spend abroad.
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U.S. airlines will meet with the Federal Aviation Administration this week to discuss cutting flights at Newark Liberty International Airport after a series of equipment failures and air traffic controller shortages sparked hundreds of flight disruptions and drew more support to modernize aging U.S. aviation infrastructure. "What you see in Newark is going to happen in other places across the country," Transportation Secretary Sean Duffy said on NBC's "Meet the Press" Sunday. "It has to be fixed." Air traffic controllers tasked with guiding planes in and out of the New Jersey airport late last month lost the ability to see and talk to planes for about 90 seconds. Disruptions lasted for days and topped 1,000 delays after several air traffic controllers took trauma leave because of the stress of the incident, the FAA said.
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Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from other countries is likely to "be in place for the foreseeable future," echoing President Donald Trump's comments from days prior. "We do expect a 10% baseline tariff to be in place for the foreseeable future," Lutnick told CNN's Dana Bash on 'State of the Union.' The commerce secretary rejected the idea that consumers would take on increased costs caused by the tariffs, insisting that business and countries will pay.
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People have a lot of feelings about the economy, job market and state of work these days. Employee confidence is near record lows while reviews mentioning "uncertainty" have skyrocketed since the November election and rollout of the Trump administration's tariff policy, according to Glassdoor data. To sum it all up into one word, "bad" is how Alison Green would put it.
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Apple CEO Tim Cook sees a key difference between pretty good workers and brilliant ones: Top performers aren't content just being good at their jobs. They want to impact other people or the world around them. "We can all perform at 90%," Cook told GQ in a video that published in April 2023. But "to get to 100%, you have to be inspired by something. You have to be working for some greater cause. There has to be some reason for doing it that's beyond just being excellent at something." Some people find a sense of meaning by intentionally picking careers that can help other people — in fields like education or health care, or jobs that relate to a social cause. At Apple, Cook tries to energize his team by reminding them their work can make everyday lives better, he said.
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I've always looked forward to Mother's Day. I embrace it as a useful reminder to pause in the tumult of everyday life, to reflect lovingly and thankfully about my mother — and the mother figures in my life — and to tell them how important they are to me. I'm fortunate enough to be both a mother and a daughter. In the past year, however, my relationships with my two daughters have changed. Now they're both out of the house, and I've entered what many people call the "empty-nest stage." But I've decided to rename this transition as the "open-door stage." An empty nest suggests abandonment and loss; an open door suggests new possibilities and the freedom to come and go — for my daughters, and also for my husband and me.