The fallout from the U.S. crackdown on Huawei intensified this week, as trade negotiations between Washington and Beijing reportedly hit a roadblock.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
Google has decided to stop licensing its Android operating system to Huawei, in order to comply with a U.S. trade blacklist.Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
Before he boarded a JetSmarter flight in Las Vegas, Maurice Paola was a little-known DJ and music producer. Now, he's a symbol of private jet air rage and screening procedures at the flying service start-up.
Paola was one of several passengers on the flight headed to White Plains, New York, on Sept. 3. About 45 minutes into the flight, according to a criminal complaint and other people on the plane, Paola started screaming and threatening the other passengers.
As part of an investigation into customer complaints and lawsuits filed against JetSmarter, CNBC obtained an exclusive video of the flight. Taken by another passenger, the video shows Paola cursing and threatening to decapitate people who tried to stop him. He shouted: "Heads will be chopped off. Heads will be chopped off."
He also screamed, "I'm a sick f---. I was just in a psych hospital. You have no idea."
Paola then threatened other passengers in the small cabin of the Gulfstream IV, saying he would "kill them and their children," referring to a family on board that had a 4-year-old and a 6-year-old in the seats behind him, according to the federal criminal complaint.
One of the pilots tried to calm Paola and restrain him, but Paola became more agitated, screaming, banging his head on the walls and throwing cups and other items at passengers, according to the complaint.
The pilot went back to the cabin to divert the plane to nearby North Platte, Nebraska, where he could have Paola removed from the plane. The flight attendant armed herself with an oxygen bottle and the crew barricaded themselves in the cockpit while declaring an emergency.
When the plane landed, local law enforcement boarded the plane and took Paola down with a stun gun. He was arrested and charged with making terroristic threats, according to court records. A judge found him "mentally incompetent and unable to stand trial," and ordered him held for mental health treatment.
CNBC could not locate him for comment.
In a statement, JetSmarter said that all of its safety and security protocols were followed and that "as soon as Mr. Paola exhibited signs of inappropriate behavior, the flight operator made the decision to ground the plane."
Yet according to other passengers on the flight, there was no security or passenger check on the flight before it took off. And just before the flight there was a red flag that Paola might have been dangerous. Three days before the flight, he tweeted: "From a jail cell to the private jet, lmao they can't stop @ me."
And the day of the flight he tweeted "Possessed man, get out my way."
Passengers say they are grateful that Paola wasn't carrying a weapon since there was no passenger or security screening before the flight. After the police boarded the plane in North Platte, they searched Paola's luggage and found 45 grams of marijuana and $13,250 in cash, according to the criminal complaint.
JetSmarter said it has "the most rigorous security standards in private aviation, including background checks on the majority of customers before they fly and on-the-ground security teams that screen for narcotics, explosives, cash and weapons for shared flights." It added that "safety and security have been and will always be our number one priority."
Email story tips to: email@example.com