national economy of the United States
Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
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Musk and Australia argue over video of knife attack on X: In Sydney, a priest was attacked with a knife during a mass that was broadcast live on the internet ...
nzz.ch/panorama/elon-musk-und-australien-streiten-ob-das-video-einer-messerattacke-auf-der-plattform-x-sichtbar-bleiben-soll-ld.1828128
Quick Glance: Dispute Over Video of Knife Attack on X
- The owner of X, Elon Musk, refuses to delete the video of a knife attack in Sydney from his platform, leading to a dispute with the Australian authorities.
- Australian authorities demand the global removal of the video, while X is only willing to block access in Australia.
- Elon Musk defends freedom of speech and criticizes the authorities for limiting free expression.
- Authorities file a lawsuit to force the removal of the video, while Musk is criticized for publishing violent content on his platform.
Citi Trims Fed Bet for 2024, Still Sees 100 Basis Points of Cuts: Citigroup Inc. dialed back expectations for Federal Reserve interest-rate reductions on Friday ...
bloomberg.com/news/articles/2024-04-26/citi-trims-fed-bet-for-2024-still-sees-100-basis-points-of-cuts
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Federal agency investigates effectiveness of recall of Tesla's Autopilot system
pbs.org/newshour/nation/federal-agency-investigates-effectiveness-of-recall-of-teslas-autopilot-system
Quick Glance: Investigation of Tesla's Autopilot Recall Effectiveness
- The National Highway Traffic Safety Administration is investigating Tesla's Autopilot recall after 20 more crashes occurred post-recall.
- The recall involved over 2 million vehicles and utilized an online software update to enhance driver warnings.
- Concerns were raised regarding the recall's efficacy as crashes persisted after the fix.
- The investigation aims to determine why post-recall issues were not addressed and whether they pose a safety risk.
Week Ahead for FX, Bonds: Focus on Fed Decision, U.S. Jobs Data and Weak Japanese Yen
on.wsj.com/44iCfJl
US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
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Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
In Kentucky, the oldest Black independent library is still making history: Western Library is the oldest Black library still independently run in the U.S ...
csmonitor.com/The-Culture/2024/0426/kentucky-western-library-black-history-thomas-fountain-blue
Paid articlePaid Senators Wanted Transparency in the Fed, FOIA Shows How Officials Responded: Senators Elizabeth Warren and Thom Tillis want the 12 Federal Reserve banks to ...
bloomberg.com/news/newsletters/2024-04-26/senators-wanted-transparency-in-the-fed-foia-shows-how-officials-responded
Sliding Yen: The Bloomberg Close, Asia Edition : Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-26/sliding-yen-the-bloomberg-close-asia-edition
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Fed seen on track for Sept start to US rate cuts: U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of ...
reuters.com/markets/us/traders-add-bets-september-start-fed-rate-cuts-2024-04-26/
Inflation Data Reinforce Powell’s Shift Toward High for Longer: Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome ...
bloomberg.com/news/articles/2024-04-26/inflation-data-reinforce-powell-s-shift-toward-high-for-longer
Paid articlePaid As Columbia sees 10th day of pro-Palestinian protests, universities divided on approach
pbs.org/newshour/politics/as-some-universities-negotiate-with-pro-palestinian-protesters-others-quickly-call-the-police
Quick Glance: USC Main Commencement Canceled Amid Gaza War Protests
- Protests against the Israel-Hamas war prompt the cancellation of USC's main graduation ceremony and numerous arrests at campuses nationwide.
- Universities are grappling with protests that could disrupt upcoming commencement ceremonies and are considering changes to regulations regarding encampments and exams.
- Some students demand schools sever ties with Israel, leading to accusations of antisemitism and concerns about safety on campus.
- The wave of protests, inspired by events at Columbia University, has led to civil rights investigations into universities facing protests and complaints of discrimination amidst the Israel-Hamas conflict.
To power the #energy transition, the world needs to secure a reliable supply of critical #minerals .
Learn more: Securing Minerals for the Energy Transition | World Economic Forum McKinsey & Company #SpecialMeeting24
US Bitcoin (BTC) ETFs Suffer One of Worst Outflows as Token Wavers: Investors pulled a net $218 million from US Bitcoin exchange-traded funds ...
bloomberg.com/news/articles/2024-04-26/us-bitcoin-btc-etfs-suffer-one-of-worst-outflows-as-token-wavers
Paid articlePaid Yellen, Asked on Yen, Says Currency Interventions Should Be Rare: US Treasury Secretary Janet Yellen said intervention in foreign-exchange markets should be rare ...
trib.al/j0zWXIr
Charges against Trump's 2020 'fake electors' are expected to deter a repeat this year
apnews.com/article/fake-electors-trump-2020-arizona-indictments-059a719514b0c6cb56f7d7339e87d0d5
Tesla’s AutoPilot Recall Gets a Government Probe. No, It’s Not a Stock Issue.: NHTSA is investigating Tesla’s AutoPilot system again. Investors don’t need to ...
barrons.com/articles/tesla-stock-autopilot-recall-9485eb99
Paid articlePaid Exxon Expects FTC to Approve Pioneer Deal by Mid-Year, CFO Says: Exxon Mobil Corp. expects US antitrust regulators to approve its $60 billion acquisition of ...
bloomberg.com/news/articles/2024-04-26/exxon-expects-ftc-to-approve-pioneer-deal-by-mid-year-cfo-says
Paid articlePaid Yellen Says US Can Bring Inflation Down Without Hurting Jobs: Treasury Secretary Janet Yellen said US inflation can come down without requiring a weakening in ...
bloomberg.com/news/articles/2024-04-25/yellen-says-us-can-bring-inflation-down-without-hurting-jobs
Paid articlePaid Musk's X says posts of Australia bishop stabbing don't promote violence: Elon Musk's social media platform X defended publishing posts showing a bishop in ...
reut.rs/3UczrZH
BOJ Holds: The Bloomberg Open, Europe Edition: Good morning. The BOJ holds rates, sending the yen weaker. Big Tech saves the day after the close in New York ...
bloomberg.com/news/newsletters/2024-04-26/boj-holds-the-bloomberg-open-europe-edition
ECB Can Be Out of Sync With Fed for Some Quarters, Noyer Says: The European Central Bank doesn’t have to wait for the Federal Reserve before cutting interest ...
bloomberg.com/news/articles/2024-04-26/ecb-can-be-out-of-sync-with-fed-for-some-quarters-noyer-says
David Pecker Testifies About McDougal and Daniels in Trump Hush-Money Trial: Live Updates
nytimes.com/live/2024/04/25/nyregion/trump-hush-money-trial-news
Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
Microsoft plans to spend even more on AI infrastructure: The company shelled out nearly $11 billion for property and equipment in the third quarter — 66% more ...
businessinsider.com/microsoft-plans-spend-more-ai-infrastructure-capex-earnings-azure-chips-2024-4
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
apnews.com/article/economy-growth-inflation-gdp-consumers-federal-reserve-5a64d255a09313dabe54954060a09530
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Drop in BOJ’s Bond Holdings Gives Market Taste of Quantitative Tightening: Investors in Japanese government bonds have already had a taste of quantitative ...
bloomberg.com/news/articles/2024-04-26/drop-in-boj-s-bond-holdings-gives-market-taste-of-quantitative-tightening
Dovish BOJ Decision Paves Way for Even Weaker Yen, Analysts Say: The Bank of Japan largely left its monetary policy settings unchanged Friday ...
bloomberg.com/news/articles/2024-04-26/dovish-boj-decision-paves-way-for-even-weaker-yen-analysts-say
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
Paid articlePaid 'Buy Bitcoin' sign held behind Janet Yellen in 2017 sold for $1M: The sign, scrawled on a yellow legal pad, was held behind Janet Yellen during a 2017 ...
markets.businessinsider.com/news/currencies/buy-bitcoin-sign-janet-yellen-auction-crypto-btc-cryptocurrency-2024-4
The Meta-morphosis of Mark Zuckerberg: The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley ...
nytimes.com/2024/04/24/style/mark-zuckerberg-new-look.html
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Elon Musk Thinks You Should Be Able to Watch a Stabbing Video on X: X removes video of a bishop being stabbed in Australia, but pushes back on requests to block ...
pcmag.com/news/elon-musk-thinks-you-should-be-able-to-watch-a-stabbing-video-on-x
Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
Paid articlePaid Chaos has engulfed US universities as pro-Palestinian protests have spread from coast to coast. Let’s take a look at what is behind these demonstrations Wave of pro-Palestinian protests on campus meets forceful response | Reuters
US Treasury Yields Rise as Price Pressures Cast Doubt on Fed Rate-Cut Path: Treasury yields rose to 2024 highs as evidence of sticky US price pressures casts ...
bloomberg.com/news/articles/2024-04-25/treasuries-hold-losses-after-seven-year-sale-meets-expectations
Paid articlePaid US FDA sends warning letter to Cardinal Health for marketing unapproved devices
reut.rs/4bawEqO
Quick Glance: US FDA issues warning to Cardinal Health for marketing unauthorized devices
- Following an inspection of its facility in Illinois, the US health regulatory body issued a warning letter to Cardinal Health for marketing and distributing unauthorized devices from a Chinese manufacturer.
- In 2023, the U.S. Food and Drug Administration advised against using certain syringes manufactured in China due to reports of leaks, breakages, and quality issues, and recently expanded the guidelines.
- Cardinal has not responded to a request for comment from Reuters. The inspection revealed that Cardinal was importing two types of syringes under the Monoject brand.
- These syringes are utilized for injecting or withdrawing fluids from the body, as well as administering fluids or medications through a patient's feeding tube. In November, the agency cautioned healthcare providers and facilities against using Cardinal's Monoject syringes with pain management and syringe pumps.
Arizona grand jury indicts 18 in Trump fake elector plot: The indictment charges Mark Meadows, Rudy Giuliani and other Trump allies with election interference in ...
theweek.com/politics/trump-2020-fake-electors-arizona-meadows-giuliani
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
Federal judge rejects Trump's appeal of $83M defamation verdict in E. Jean Carroll case
axios.com/2024/04/25/trumps-appeal-e-jean-carroll-rejected
Quick Glance: Court Rejects Trump's Bid for New Trial Against E. Jean Carroll
- A federal judge rejected former President Donald Trump’s request for a new trial—or to throw out the $83.3 million defamation ruling—against writer E. Jean Carroll, marking the latest legal loss for the former president.
- In the Thursday ruling rejecting the request for a new trial or the judgment to be dismissed, U.S. District Judge Lewis Kaplan said Trump’s argument was “without merit,” made “conspicuously without success” and “defies common sense.”
- Robbie Kaplan, Carroll’s lawyer, told Forbes in a statement they are “pleased with though not surprised by” the court’s decision, adding the award was “entirely reasonable” because of Trump’s continued defamation, “hatred and disdain.”
- In January, a jury determined Trump had to pay Carroll $83.3 million in damages after she accused him of sexual assault. Previously, another jury found Trump liable for sexual assault in the 1990s and subsequent defamation, ordering him to pay $5 million.
Fed to Make One Interest-Rate Cut Before US Election, Howard Lutnick Says: Cantor Fitzgerald Chief Executive Officer Howard Lutnick expects the Federal Reserve ...
bloomberg.com/news/articles/2024-04-25/lutnick-sees-fed-making-one-rate-cut-near-presidential-election
US Treasuries Slide After GDP Data as Inflation Pressures Temper Fed Rate Cuts: Treasuries slid as signs of sticky price pressures in a reading of first-quarter ...
bloomberg.com/news/articles/2024-04-25/treasuries-drop-as-first-quarter-price-pressures-temper-fed-cuts
The Dream of Fed Rate Cuts Is Slipping Away: Investors are backing away from expectations that the central bank can reduce rates in coming months ...
wsj.com/economy/central-banking/the-dream-of-fed-rate-cuts-is-slipping-away-55903ca5
McKinsey Is Under Criminal Investigation for Its Opioid Work: Federal prosecutors are examining the consulting company’s role in helping “turbocharge” the sale ...
nytimes.com/2024/04/24/business/mckinsey-criminal-investigation.html
Quick Glance: Investigation against McKinsey in the US over involvement in the opioid industry
- A grand jury was established to examine evidence related to consulting for pharmaceutical companies involved in the addiction epidemic.
- McKinsey is under a criminal investigation in the US for its involvement with opioid manufacturers.
- Furthermore, federal prosecutors are looking into whether the company impeded justice through its actions as concerns about its work grew.
- According to a source, the US Department of Justice has been scrutinizing McKinsey's activities for several years, with a grand jury now set up in Virginia to review evidence.
Nasdaq’s (NDAQ) Profit Falls With IPO Revival Elusive Amid Shaky Economy: Nasdaq Inc.’s profit fell for the first time in a year as firms continue to wait for ...
bloomberg.com/news/articles/2024-04-25/nasdaq-s-profit-falls-as-shaky-economy-keeps-ipo-revival-elusive
College protests live updates: Encampments spread to Emory, Princeton, Northwestern and more
abcnews.go.com/US/live-updates/college-protests-palestinian-israel-gaza/video-shows-several-people-being-detained-by-police-at-emory-university-109632320
Quick Glance: Spread of Anti-War Protests at U.S. Universities
- University of Minnesota student sets up protest camp following arrests of pro-Palestinian demonstrators.
- Pro-Palestinian protests sweep campuses nationwide, demanding universities cut ties with Israel.
- Arrest of over 100 student protesters at Columbia University sparks solidarity protests at other colleges.
- Student anti-war protests spread across the country, from Yale to University of California, demanding divestment from Israel.
JPMorgan Chase CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s.
"Yes ... Show more
Jamie Dimon is worried the US economy is headed back to the 1970s
Jamie Dimon is worried the US economy is headed back to the 1970s
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Police clashed with pro-Palestinian protesters at the University of Southern California, who chanted 'Free Palestine' as they marched and carried tents on ... Show more
At the University of Southern California, police scuffled with pro-Palestinian protesters and temporarily took at least one person into custody
Musk moves Tesla's goalposts, investors happily move shares higher: It's the millions-of-robotaxis promise again – and all y'all buying it this time ...
theregister.com/2024/04/24/musk_moves_tesla_goalposts_back/
Tesla profits have plummeted. Elon Musk remains all-in on robotaxis: Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk ...
npr.org/2024/04/23/1246643864/tesla-earnings-elon-musk-robotaxi
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
Uber and Lyft Stock Fall on Robotaxi Worries. That Doesn’t Make Sense.: Comments from Tesla CEO Elon Musk seem to be putting pressure on shares of the ...
barrons.com/articles/uber-lyft-stock-tesla-robotaxi-8a2cc67a
Paid articlePaid Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
Gaza protesters clash with police at US universities: Demonstrators in Texas were met with state troopers as protests lead to arrests on campuses across the ...
bbc.com/news/av/world-us-canada-68851625
Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output: U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must ...
reuters.com/business/aerospace-defense/buttigieg-says-boeing-must-meet-faa-quality-plan-before-raising-737-max-output-2024-04-24/
US Stock Market Uncertainty Has Traders Buying Put Options to Hedge Portfolios: Stock market investors who have been reluctant to hedge their portfolios in the ...
bloomberg.com/news/articles/2024-04-24/reluctant-traders-protect-themselves-from-further-market-mayhem
Paid articlePaid
Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
Boeing reports $355m losses amid furore over safety fears: It is the seventh consecutive quarterly loss for the embattled aerospace giant
independent.co.uk/travel/news-and-advice/boeing-losses-safety-fears-report-b2534131.html
Lawyers in Google browsing data case ask for $218 million fee award: Three U.S. law firms that spearheaded a browser data privacy class action against Alphabet's ...
reuters.com/legal/transactional/lawyers-google-browsing-data-case-ask-218-million-fee-award-2024-04-24/
Starbucks loses appeal over union election at Seattle store: A U.S. appeals court on Wednesday rejected Starbucks' claims that an employee vote to unionize at ...
reuters.com/legal/starbucks-loses-appeal-over-union-election-seattle-store-2024-04-24/
Tesla Is in Panic Mode. Can Elon Musk Turn the Company Around? : The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges ...
time.com/6970399/tesla-stock-earnings-call-elon-musk/
Reggie Bush gets his Heisman Trophy back after it was stripped in 2010: Reggie Bush won the Heisman Trophy in 2005, but he forfeited the award after an NCAA ...
washingtonpost.com/sports/2024/04/24/reggie-bush-heisman-trophy/
Quick Glance: Reggie Bush to Regain 2005 Heisman Trophy
- The Heisman Trust is set to announce Reggie Bush receiving back the 2005 Heisman Trophy, reinstating his status as a recipient after a NCAA investigation.
- Following the restoration of his 2005 season records by the NCAA, the Heisman Trust confirmed the re-honoring of Bush's award.
- In a statement, Bush expressed his excitement to be back in the Heisman family and collaborate with the organization to uphold its values and mission.
- With the Heisman Trophy back in Bush's possession, USC now holds the top spot in college football's Heisman Trophy winners list with a total of eight recipients.
Russian Court Freezes JPMorgan Assets Under $440 Million Claim: A St. Petersburg court froze the Russian assets of JPMorgan Chase & Co ...
bloomberg.com/news/articles/2024-04-24/russian-court-freezes-jpmorgan-assets-under-440-million-claim
Paid articlePaid On this episode of the Elon, Inc. podcast,we discuss Tesla's biggest layoffs to date and why Elon Musk's rationale may be more than just about cost reduction ... Show more
The Most Important Earnings of Elon's Life? - Elon, Inc. - Omny.fm
The Most Important Earnings of Elon's Life? - Elon, Inc. - Omny.fm
Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
Tesla's plan for affordable cars takes page from Detroit rivals: Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — ...
reuters.com/business/autos-transportation/teslas-plan-affordable-cars-takes-page-detroit-rivals-2024-04-26/
Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4
Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush
- Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.
- Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.
- The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.
- Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.
Middle East: Dieter Hallervorden fights for Gaza: "Atrocities usually have a history. And no one is born a terrorist," writes Dieter Hallervorden in a Facebook ...
nzz.ch/feuilleton/wie-aus-einem-komiker-mit-opa-humor-ein-vorkaempfer-fuer-gaza-geworden-ist-ld.1827557
Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...
businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4
Quick Glance: Elon Musk must be removed as CEO to save Tesla
- Tesla is struggling with declining sales, layoffs, and issues in China.
- Elon Musk is blamed for the company's state and his departure could save Tesla.
- Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.
Gold (XAUUSD) Steady After Two-Day Drop Driven by Easing Mideast Tension: Gold ticked down ahead of US data due later this week that may shed more light on the ...
bloomberg.com/news/articles/2024-04-24/gold-xauusd-steady-after-two-day-drop-driven-by-easing-mideast-tension
Paid articlePaid Argentinians filled the streets of Buenos Aires as they marched against President Javier Milei's budget cuts to education ... Show more
Argentina's Milei faces biggest protest yet as students march over budget cuts | Reuters
Argentina's Milei faces biggest protest yet as students march over budget cuts | Reuters
Man sentenced to 6 years in prison for attacking police with pole at Capitol: A North Carolina man who became a fugitive after a federal jury convicted him of ...
apnews.com/article/david-gietzen-fugitive-capitol-riot-sentence-b9437f4a4e2d6464f4b89c4523367d02
Musk targets Australian senator and gun laws in deepening dispute over violent video
nbcnews.com/news/world/elon-musk-targets-australian-senator-gun-laws-bishop-stabbed-rcna149105
Somewhere along the line, Boeing lost interest in making its own planes, Jerry Useem writes.
“One day in 1916, [Bill] Boeing spotted an imperfectly cut wing ... Show more
Boeing and the Dark Age of American Manufacturing - The Atlantic
Boeing and the Dark Age of American Manufacturing - The Atlantic
Boeing and the Dark Age of American Manufacturing - The Atlantic
Boeing and the Dark Age of American Manufacturing - The Atlantic
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Elon Musk hawks Optimus robot in an attempt to resuscitate Tesla: "As I've said before, I think Optimus will be more valuable than everything else combined ...
businessinsider.com/elon-musk-hawks-optimus-robot-in-attempt-to-resuscitate-tesla-2024-4
Quick Glance: Tesla aims to potentially launch its humanoid robot Optimus next year, Elon Musk suggests
- Elon Musk hinted at the possibility of Tesla introducing its humanoid robot Optimus to the market next year. The company plans to deploy the robot in its own factory by the year's end.
- Not long ago, Tesla revealed “Optimus Gen 2”, a new iteration of its humanoid robot designed to assume repetitive human tasks.
- Tesla's confidence in achieving this stems from its utilization of AI technologies in the self-driving vehicle sector and its proficiency in battery and electric motor innovations. The notion that its vehicles are essentially robots on wheels was posited.
- Envisioning a future where households incorporate a Tesla Optimus robot that assumes various manufacturing and service roles, the CEO's perspective is clear.
Tesla’s profits are being sunk by a tide of electric cars: First-quarter profits for Elon Musk’s company have more than halved, with the EV market awash with ...
smh.com.au/business/companies/tesla-s-profits-are-being-sunk-by-a-tide-of-electric-cars-20240424-p5fm6k.html
China’s Prices Are Just Too Low for Buyers to Sweat About Tariffs: China can withstand any new tariffs the world throws at it – even the punitive ones Donald ...
bloomberg.com/news/articles/2024-04-23/china-s-prices-are-just-too-low-for-buyers-to-sweat-about-tariffs
Paid articlePaid Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears: Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries ...
reuters.com/technology/tesla-jumps-musks-promise-more-affordable-cars-eases-growth-fears-2024-04-24/
Wall Street Banks Face CFTC Probe of NDAs in Swaps, Clearing Businesses: A top financial regulator is asking large Wall Street banks for non-disclosure ...
bloomberg.com/news/articles/2024-04-23/nda-probes-are-expanding-to-large-banks-swaps-clearing-businesses
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