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Earlier this month, Meta announced plans to lay off 10,000 workers, adding to the 11,000 cuts it made in November.cnb.cx/3GVcxiL
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Tesla Recalls Cybertruck Over Faulty Pedals—Its Worst Flaw Yet: Tesla has issued a voluntary recall for nearly 4,000 Cybertrucks because the accelerator pad ...
wired.com/story/cybertruck-recall-accelerator-pad-tesla/
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut the price of its best selling Model Y, the Model X and the Model S by $2 ...
bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell
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Quick Glance: Tesla Reduces Prices by $2,000 in US, Model Y at Lowest Price Yet
- Tesla has lowered the prices of the Model Y, Model S, and Model X by $2,000 each in the US. Model 3 prices remain the same, as well as the prices of the newly released Cybertruck.
- Following disappointing quarterly delivery results, inventory levels have risen significantly. In response, Tesla has re-implemented temporary discounts on the Model Y after warning buyers of an upcoming price increase.
- All trims of the Model Y, along with the Model S and Model X, have been reduced in price. This results in the Model Y RWD starting at $42,990, the Model Y Long Range at $47,990, and the Model Y Performance at $51,490.
- Tesla's more expensive Model S and X vehicles also reflect lower prices. The Model S Long Range now begins at $72,990, and the Model X Long Range starts at $77,990.
Stock Market Today: Dow, S&P Live Updates for April 19: A selloff in the world’s largest technology companies hit stocks, with the industry that has powered the ...
bloomberg.com/news/articles/2024-04-18/stock-market-today-dow-s-p-live-updates
ECB Rate-Setters Agree on June Cut But Not Much Else Beyond: There’s one thing European Central Bank officials seem to agree on — that a first cut in interest ...
bloomberg.com/news/articles/2024-04-19/ecb-rate-setters-agree-on-june-cut-but-not-much-else-beyond
Don’t Make This Inheritance Mistake. It Could Cost Your Loved Ones Big Time.: The issue is something called stepped-up basis. Certain assets, including stocks ...
barrons.com/articles/inheritance-tax-charity-donation-mistake-37f90b04
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Israel Credit Rating Downgraded by S&P on Heightened Geopolitical Risk: Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service ...
bloomberg.com/news/articles/2024-04-18/s-p-downgrades-israel-rating-on-heightened-geopolitical-risk
Tesla's Elon Musk postpones India trip, sources say: Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra ...
reuters.com/world/india/teslas-elon-musk-postpones-india-trip-sources-say-2024-04-20/
Quick Glance: Elon Musk Postpones India Trip, Sources Say
- Tesla's CEO Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, according to three people familiar with the matter.
- Musk was expected to announce an investment of $2 billion to $3 billion, mainly to build a factory in India, following the government's policy of lowering high tariffs on imported cars if companies invest locally.
- His planned Sunday arrival was set to follow two days after the start of India's national elections, where Modi is projected to secure a rare third term.
- Reasons for the trip postponement were not immediately disclosed, and neither Tesla nor Modi's office responded promptly to requests for comments.
How France Is Fighting ‘Shrinkflation’: Merchants will be required to put signs in front of all products that have been reduced in size without a corresponding ...
nytimes.com/2024/04/19/business/france-economy-food-prices-shrinkflation.html
Macklem Sees Little Impact of Canada Budget on Fiscal Track: Bank of Canada Governor Tiff Macklem said Prime Minister Justin Trudeau’s recent budget did not ...
bloomberg.com/news/articles/2024-04-19/macklem-sees-little-impact-of-canada-budget-on-fiscal-track
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Quick Glance: Macklem Sees Limited Impact of Canada Budget on Fiscal Direction
- Bank of Canada Governor Tiff Macklem suggested Prime Minister Justin Trudeau’s recent budget, which balanced increased spending with a capital gains tax hike and improved revenue forecasts, did not significantly contribute to inflationary pressures.
- Macklem informed reporters on Friday that the budget did not alter the government's fiscal trajectory significantly compared to the November fiscal update. It was highlighted that Finance Minister Chrystia Freeland upheld her commitment regarding deficit maintenance and shortfall reduction goals for the future.
- The Governor emphasized the continued adherence of the budget to these guidelines, which was deemed beneficial. He refrained from delving into specific details of budget measures, emphasizing the responsibility of lawmakers to deliberate on the government's fiscal plan.
- Macklem expressed that the latest three inflation indicators showed a sustained downward trend, with the bank awaiting confirmation that this trend will persist to ensure the progress towards price stability is maintained.
Bloomberg Evening Briefing: Wall Street Ends the Week in a ‘Tech Wreck’: Get caught up.
bloomberg.com/news/newsletters/2024-04-19/bloomberg-evening-briefing-wall-street-ends-the-week-in-a-tech-wreck
Musk’s India Trip to See Breakthroughs for Starlink, Tesla: Days after Tesla Inc.’s largest-ever round of layoffs and hours before its quarterly earnings ...
bloomberg.com/news/articles/2024-04-20/musk-s-india-trip-to-see-breakthroughs-for-starlink-tesla
Musk Postpones India Visit, Citing Heavy Tesla Obligations: Elon Musk postponed his visit to India which would have included a meeting with Prime Minister ...
bloomberg.com/news/articles/2024-04-20/elon-musk-postpones-india-visit-to-later-in-the-year
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Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
bloomberg.com/news/articles/2024-04-19/investment-opportunities-with-hot-inflation-higher-for-longer-interest-rates
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My God, Trump! How dangerous are the nationalist Christians in the USA?: Christian nationalist representatives were present when Trump supporters stormed the ...
nzz.ch/feuilleton/donald-trump-christliche-nationalisten-usa-ld.1825415
Latin America Sees Low-Rate Dreams Crumble, Political Woes Rise: The region that led the world into a promising cycle of interest rate cuts is warning that ...
bloomberg.com/news/articles/2024-04-19/latin-america-sees-low-rate-dreams-crumble-political-woes-rise
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Apple removes WhatsApp and Threads from China store under pressure from Beijing: Internet regulator orders delisting of two Meta-owned apps over ‘national ...
ft.com/content/17b0059b-14b5-42fa-a84f-7de7a05ac08a
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Biden Trade Chief Sees Conclusion of China Tariff Review ‘Soon’: President Joe Biden’s trade chief said that she expects a conclusion on a review of tariffs on ...
bloomberg.com/news/articles/2024-04-19/biden-trade-chief-sees-conclusion-of-china-tariff-review-soon
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Wall Street Bonus Rules Return to Regulatory Agenda in Third Try: US financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — ...
bloomberg.com/news/articles/2024-04-19/wall-street-bonus-rules-return-to-regulatory-agenda-in-third-try
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Wall Street Fires Up Deals for Preferred Shares With Fed on Hold: Fading hopes that the Federal Reserve will soon cut rates are prompting US banks to re-evaluate ...
bloomberg.com/news/articles/2024-04-19/wall-street-fires-up-deals-for-preferred-shares-with-fed-on-hold
Meta AI is restricting election-related responses in India: Last week, Meta started testing its AI chatbot in India across WhatsApp, Instagram, and Messenger ...
techcrunch.com/2024/04/19/meta-ai-is-restricting-election-related-responses-in-india/
Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
trib.al/uJmLexO
What the union vote at Volkswagen means for Tesla: Friday's victory at Volkswagen in Tennessee represents a turning point for the United Auto Workers union as ...
businessinsider.com/uaw-union-vote-volkswagen-tesla-elon-musk-organizing-2024-4
Electric cars, solar panels and wind turbines: dispute over China's overcapacity: Is China flooding the world with cheap solar panels, wind turbines or electric ...
nzz.ch/meinung/chinas-exporte-das-westliche-jammern-ist-scheinheilig-ld.1826559
Netflix (NFLX) Stock Falls as Weak Revenue Forecast Overshadow Subscriber Adds: Netflix Inc. shares tumbled the most in two years on Friday as a weak forecast ...
bloomberg.com/news/articles/2024-04-18/netflix-adds-9-33-million-customers-crushing-street-forecasts
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Tesla Doesn't Want to Disclose How Many Harassment Cases It Faces: The Tesla board rejects a proposal to release an annual report on pending harassment and ...
pcmag.com/news/tesla-doesnt-want-to-disclose-how-many-harassment-cases-it-faces
Tesla layoffs continue as recruiters get cut: Former Tesla workers confirmed to BI that some recruiters were informed of the layoffs via a call on Friday morning ...
businessinsider.com/tesla-layoffs-continue-recruiters-2024-4
Marijuana Stocks Gain Momentum on Cannabis Reform Hopes: Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major ...
bloomberg.com/news/articles/2024-04-19/marijuana-stocks-gain-momentum-as-cannabis-reform-hopes-linger
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TDR Capital Nears Deal to Buy Billionaire’s Stake in UK’s Asda: TDR Capital is closing in on a deal to buy gas-station billionaire Zuber Issa’s stake in Asda as ...
bloomberg.com/news/articles/2024-04-19/tdr-capital-nears-deal-to-buy-billionaire-s-stake-in-uk-s-asda
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Meta AI: AI can be used in Germany without registration (VPN): Meta recently presented its new language model and really impressed with its performance. We...
stadt-bremerhaven.de/meta-ai-ki-ohne-anmeldung-in-deutschland-nutzbar-vpn/
Microsoft, Meta, Alphabet Can Still Rally Markets After Tech Earnings Gloom, Here’s Why. And 5 Other Things to Know Before the Market Opens.
barrons.com/articles/israel-iran-stock-market-what-to-know-today-6477711c
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Fans thirst over Photoshopped picture of Mark Zuckerberg with a beard: 'I'd zuck him'
pagesix.com/2024/04/19/celebrity-news/fans-thirst-over-photoshopped-picture-of-mark-zuckerberg-with-a-beard/
African Critical Minerals Output Could Reach $2 Trillion by 2050: Sub-Saharan Africa could produce almost $2 trillion of metals required for the energy ...
bloomberg.com/news/articles/2024-04-19/african-critical-minerals-output-could-reach-2-trillion-by-2050
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Electric Cars in Norway May Push Diesel Rivals Off Top by 2026: Norway, the pioneer in abandoning combustion-engine automobiles, may see electric cars become the ...
bloomberg.com/news/articles/2024-04-19/electric-cars-in-norway-may-push-diesel-rivals-off-top-by-2026
BofA Strategists Say Rates Jitters Are Fueling Stock Outflows: Investors are pulling money out of equities as a strong US economy and sticky inflation fuel ...
trib.al/AUNi4Ap
Hudson Bay Closes $800 Million Fund to Bet on Special Situations: Hudson Bay Capital Management has raised over $800 million to invest in so-called special ...
bloomberg.com/news/articles/2024-04-19/hudson-bay-closes-800-million-fund-to-bet-on-special-situations
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A TikTok Ban Now Looks More Likely
barrons.com/articles/tiktok-ban-meta-amazon-snap-stock-d7c895ee
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She Painted a Few Champagne Bottles. Then Came Meta’s Customer Support Hell: A fashion influencer’s struggles to unblock her Instagram account highlight a ...
wired.com/story/influencer-painted-champagne-bottles-meta-customer-support-hell/
Bond Funds Dangling 5% Yields Lure Cash Back to Active Managers: Bond powerhouses including Pacific Investment Management Co., BlackRock Inc ...
bloomberg.com/news/articles/2024-04-19/bond-funds-dangling-5-yields-lure-cash-back-to-active-managers
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Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
Tesla recalls all Cybertrucks due to dangerous defect exposed on social media: No software update can fix Tesla's latest Cybertruck blunder.
trib.al/vBbHweC
Tesla Is Recalling Thousands of Cybertrucks Over Scary Accelerator Fault: The pedal can get “trapped” on the truck’s interior trim, causing the vehicle to ...
thedailybeast.com/tesla-is-recalling-thousands-of-cybertrucks-over-scary-accelerator-fault
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Meta releases early versions of its Llama 3 AI model - News | Khaleej Times: The updated Meta AI assistant will be given more prominent billing within Meta's ...
khaleejtimes.com/business/tech/meta-releases-early-versions-of-its-llama-3-ai-model
Magnificent Meta Stock Holds Strong Amid Expectations For Bullish Quarter: Meta stock has been a pillar of strength in the stock market even as several leading ...
investors.com/research/earnings-preview/meta-stock-holds-strong-earnings-dexcom-earnings/
Israel-Iran: Another Mideast Shock for Markets: The revenge cycle shows no sign of letting up. Now, Tehran will weigh the level of escalation.
bloomberg.com/opinion/articles/2024-04-19/israel-iran-another-mideast-shock-for-markets
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Apple’s China Problems Just Got Worse. They Involve Meta Now, Too.: Apple was ordered to remove some messaging services from China’s App Store including some ...
barrons.com/articles/apple-meta-stock-china-whatsapp-9825b666
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Oil Poses More Risks for Yen (JPY USD) as Japan Depends on Energy Imports: As if the yen doesn’t have enough reasons to weaken, risks are emerging that higher ...
bloomberg.com/news/articles/2024-04-19/oil-poses-more-risks-for-yen-as-japan-depends-on-energy-imports
Nvidia Won AI’s First Round. Now the Competition Is Heating Up.: Amazon.com, Google, Meta Platforms, AMD, and Intel have big ambitions in AI chips.
barrons.com/articles/ai-nvidia-chips-40bc6704
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Tesla's Musk postpones India trip, aims to visit later this year : Musk was also expected to disclose details of the automobile major's plans for the ...
gulfnews.com/business/retail/teslas-musk-postpones-india-trip-aims-to-visit-later-this-year-1.1713590737569
China orders Apple to remove Meta apps after “inflammatory” posts about president
arstechnica.com/tech-policy/2024/04/china-orders-apple-to-remove-meta-apps-after-inflammatory-posts-about-president/
Tesla’s newsy week, and is fintech having a moment?: It’s been more than a minute since Tesla went public, but the EV company was inescapable on TechCrunch this ...
techcrunch.com/2024/04/19/teslas-newsy-week-and-is-fintech-having-a-moment/
Fed Interest-Rate Cut Is Not Likely Until End of Year, Raphael Bostic Reiterates: Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable ...
bloomberg.com/news/articles/2024-04-18/bostic-says-fed-can-be-patient-cut-not-likely-until-end-of-year
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The new Meta.ai website can draw amazing AI art instantly: Meta's new Meta.ai site creates AI art almost instantly, even animating the resulting images ...
pcworld.com/article/2308678/the-new-meta-ai-website-can-draw-amazing-ai-art-instantly.html
Walmart Is Poised to Overtake Tesla in Market Value. How the Retailer Got Here.: It’s a tale of contrasting fortunes: Walmart stock has steadily risen as some of ...
barrons.com/articles/walmart-tesla-overtake-market-value-40f12270
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Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows
qz.com/tesla-musk-meta-facebook-zuckerberg-wealth-stock-1851419657
Tesla (TSLA) Recalls Almost 3,900 Cybertrucks to Repair Faulty Pedals: Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that ...
bloomberg.com/news/articles/2024-04-19/tesla-recalls-almost-3-900-cybertrucks-to-repair-faulty-pedals
Apple has to cancel WhatsApp in China: The US technology pioneer has to delete Facebook's communication app in China from its list of offers ...
faz.net/aktuell/wirtschaft/apple-muss-in-china-whatsapp-streichen-19665209.html
Moody’s Reduces Outlooks on Direct Lending Funds Managed by BlackRock, Oaktree: Moody’s Ratings this week gave private credit investors greater reason for ...
bloomberg.com/news/articles/2024-04-18/three-private-credit-funds-get-moody-s-warning-on-problem-loans
Tesla cancels some layoff separation agreements: Some laid off Tesla workers received a notification that their separation agreement had been canceled.
businessinsider.com/tesla-cancels-some-layoff-separation-agreements-2024-4
Nvidia Sinks, Exposing 8 'Secrets' For When To Sell Stocks: As top growth stocks like Nvidia fall below key moving averages, keep in mind these proven ...
investors.com/how-to-invest/when-to-sell-stocks-nvidia-nvda-stock/
IMF Financial Stability Report: Basis-Trade Section Calls Out Funds’ Bond Wagers: A small group of funds has accumulated such large short wagers in the Treasury ...
bloomberg.com/news/articles/2024-04-18/huge-bond-wagers-make-some-hedge-funds-too-big-to-fail-imf-says
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Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho: The new fab to be built near Syracuse, N.Y., could create 50,000 jobs ...
barrons.com/articles/micron-technology-chips-act-funding-3d683fec
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Netflix Says It’s Going Dark on Subscriber Numbers. Is the Model Maturing?: The announcement came in the midst of a blowout quarter, suggesting that the growth ...
barrons.com/articles/netflix-apple-subscriber-numbers-3816aadb
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Japan Consumer Prices Rose at Slightly Slower Pace in March: Japan’s consumer prices rose at a slightly slower pace in March due to lower energy prices but ...
on.wsj.com/3JnRU0g
Why so Many People Seem to Be Taking Adderall These Days: The forces behind this booming drug use.
bloomberg.com/news/articles/2024-04-18/why-so-many-people-seem-to-be-taking-adderall-these-days
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US Imposes Fresh Sanctions on Iran Over Israel Drone Barrage: The Biden administration imposed fresh sanctions on Iran over its April 13 strike on Israel ...
bloomberg.com/news/articles/2024-04-18/us-imposes-fresh-sanctions-on-iran-over-israel-drone-barrage
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Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
What’s Driving Tesla’s Layoffs?: The market isn’t as enthusiastic about the move to self-driving vehicles as Musk is, it seems.
slate.com/podcasts/what-next-tbd/2024/04/is-elon-musk-dragging-tesla-down
US elections: Conservative revolution expected if Trump wins: In a "PRO Global" series, the NZZ wants to show what consequences a second US presidency of Donald ...
nzz.ch/pro-global/falls-donald-trump-gewinnt-ist-die-weltordnung-bedroht-ld.1825041
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IMF Says Growth’s Secret Sauce Is American Catch-Up: Data from its latest World Economic Outlook suggest that the more a country’s product and labor markets ...
bloomberg.com/opinion/articles/2024-04-18/imf-says-growth-s-secret-sauce-is-american-catch-up
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Elon Musk is heading to India. He could deliver a big win for Tesla and Narendra Modi
cnn.com/2024/04/19/cars/india-elon-musk-visit-investment-intl-hnk/
Solar Groups Lobby Biden to Head Off Trade Case Over Import Tariffs: Solar developers are lobbying the Biden administration to bolster support for domestic ...
bloomberg.com/news/articles/2024-04-18/solar-groups-lobby-biden-to-head-off-sector-roiling-trade-case
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China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
Meta gives the Quest 2 its second permanent price cut in four months: Meta has given the base Quest 2 a permanent price cut for the second time this year ...
engt.co/44cgECo
Tesla gives some laid-off employees new severance offer: The new severance offers Tesla sent some workers included higher pay and extra health insurance coverage ...
businessinsider.com/tesla-gives-some-laid-off-employees-new-severance-offer-2024-4
Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge
pbs.org/newshour/economy/tesla-wants-shareholders-to-reinstate-56-billion-musk-pay-package-tossed-by-a-delaware-judge
Shopper sparks outrage after 'paying $7 for a single apple:' 'What economy are we all f--king living in?'
nypost.com/2024/04/18/lifestyle/shopper-sparks-outrage-after-paying-7-for-a-single-apple/
Quick Glance: Outrage Stirred by Expensive Apple Purchase
- A Boston influencer sparked outrage by sharing that she paid $7 for a single apple at Whole Foods.
- The video clip, shared by the woman under the username @via..li, has since been deleted from her own account.
- Despite Whole Foods listing the Organic Sugarbee Apple at $3.99 per pound in most Boston zip codes, prices may vary at different outlets.
- The TikTokker claimed the apple cost $7, causing outrage among viewers, although some expressed doubts about her story.
Tesla: With The Commoditization Of EVs Is Now An Overvalued Car Company: Tesla should now be treated as a regular car company due to competition in the EV and ...
seekingalpha.com/article/4684402-tesla-with-the-commoditization-of-evs-is-now-an-overvalued-car-company
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Are front license plates required for all vehicles in Sacramento? Your question answered
sacbee.com/news/local/article287693925.html
Home Sales in March Had Biggest Decline in 16 Months: Sales of previously owned homes decreased 4.3% from the prior month to a seasonally adjusted annual rate of ...
on.wsj.com/3Q8Iqdf
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