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☆ An AI-focused ETF from a hedge fund veteran is gaining attention by soaring 60% over the past year
▼ + stars: | 2024-04-27 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

A hedge fund veteran, having worked at Citadel, Millennium and Tiger Management, Delevska specializes in the industrial sector, communicating with more than 100 companies she covers. Delevska's Spear Alpha ETF (SPRX ), with $70 million in assets under management, has about 26 holdings and almost everything in her portfolio is expected to benefit in some way from AI. SPRX 1Y mountain Spear Alpha ETF Almost 11% in Nvidia The actively managed ETF is up more than 60% in the past 12 months, outpacing the better known Ark Innovation ETF . AI apart, Spear Alpha ETF invests in other themes, like enterprise digitalization, space exploration and decarbonization. Spear Alpha ETF has taken in $54 million in inflows so far in 2024, according to FactSet.

Persons: Ivana Delevska, Delevska, ARKK, Spear, Wood hasn't Organizations: Citadel, Tiger Management, Alpha, Nvidia, First, Spear Alpha Locations: FactSet, outflows

☆ From Gen Alpha to boomers, we asked 6 therapists what each generation is talking about in therapy
▼ + stars: | 2024-04-27 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +11 min

Millennials are anxious avocado-eaters who'll never own property, while Gen Zers are depressed snowflakes who take liberties at work. So in the spirit of finding some common ground amid all the mud-slinging, BI asked six therapists what their clients from different generations commonly talk about in therapy. Gen Alpha are also forming friendships outside their family and independent of their parents or carers, and that's reflected in what kids worry about. Diana Garcia, a therapist in Florida, works mainly with older Gen Zers between 18 and 26. MillennialsLike Gen Zers, millennials, who are in their late 20s to early 40s, also feel insecure because they compare the "perfect lives" they see on social media with their own, Owen said.

Persons: —, Millennials, who'll, Gen Zers, X, It's, Gen, Gallup, we're, Israa Nasir, Generation Alpha, There's, Georgina Sturmer, Elena Popova, Amanda Macdonald, Gen Alpha, Alonso, Gen Alphas, Jill Owen, Z, Owen, Diana Garcia, Nasir, Sturmer, Gen Xers, that's, boomers, we've Organizations: Service, Alpha, Business, Gallup, Generation, Centers for Disease Control, CDC, British Association for Counselling, Psychotherapy, Therapists Locations: New York, New Jersey, Florida

☆ Should investors buy the dip in Lululemon? Here's what this fund manager says
▼ + stars: | 2024-04-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Shares of popular athleisure brand Lululemon have plummeted this year, trailing the S & P 500 significantly. Its shares, which were included in the Wall Street index just last October, are down around 28% year-to-date. Dwyer also pointed out that Lululemon is unlikely to be exposed to any geopolitical risks surrounding China. "Millennials represent around a third to 40% in China and then Gen Z are a much bigger share of the demographic - they are fans of this brand," Dwyer. According to FactSet, Lululemon has a buy rating of 69% and analysts covering the stock give it 28.1% potential upside from the average price target.

Persons: Jack Dwyer, Dwyer, FactSet, Lululemon Organizations: Infusive Asset Management, CNBC, Consumer Alpha Global, Fund, Netflix, PepsiCo Locations: China, —, LVMH

☆ Grandmother Becomes Second Patient to Receive Kidney From Gene-Edited Pig
▼ + stars: | 2024-04-24 | by ( Roni Caryn Rabin | ) www.nytimes.com time to read: 1 min

A severely ill 54-year-old woman earlier this month became the second person to receive a kidney transplanted from a genetically modified pig, surgeons at NYU Langone Health in New York announced on Wednesday. The patient, who had both heart failure and kidney failure, was given the organ on April 12, just eight days after receiving a mechanical heart pump. Surgical teams at NYU Langone carried out the two procedures over the course of nine days. The kidney came from a genetically engineered pig provided by United Therapeutics Corporation, a biotech company. The pig carried a gene for producing a sugar called alpha-gal that had been “knocked out,” or blocked.

Persons: NYU Langone, Lisa Pisano, “ Organizations: NYU Langone Health, NYU, United Therapeutics Corporation Locations: New York, New Jersey

☆ CNBC Pro Talks: Amazon, LVMH and more — fund manager reveals the consumer stocks to buy right now
▼ + stars: | 2024-04-23 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

When trying to assess the growth prospects of companies, portfolio manager Jack Dwyer says the consumer is king. CNBC's Will Koulouris will ask the CEO of Infusive Asset Management how he harnesses the power of the consumer in Pro Talks on Wednesday, April 24. The top holdings of Infusive's Consumer Alpha Global Leaders Fund include Amazon , Netflix and Alphabet , in addition to consumer stocks such as McDonald's , LVMH and PepsiCo . When selecting stocks, Dwyer urges investors to avoid making generalizations about consumer strength on a country basis, and highlighted a divergence across the luxury sector. To discover Dwyer's top stock picks, j oin CNBC Pro Talks on Wednesday, April 24 at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m.

Persons: Jack Dwyer, CNBC's Will Koulouris, Dwyer, Hermes, Morningstar, Will Koulouris Organizations: Infusive, Management, Infusive's Consumer Alpha Global, Fund, Amazon, Netflix, PepsiCo, Nvidia Locations: LVMH, millennials

☆ Lyrid meteor shower peaks this week right before the pink full moon
▼ + stars: | 2024-04-21 | by ( Taylor Nicioli | Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —The total solar eclipse has come and gone, but sky-gazers have reason to keep looking up — a meteor shower will peak this week right before a full moon rises. The Lyrid meteor shower will be most active Sunday night through the early morning hours of Monday, according to the American Meteor Society. And April’s full moon, also known as the pink moon, reaches the crest of its full phase at 7:49 p.m. The pink moon actually got its moniker due to its annual appearance not long after the start of spring, much like its namesake, a hot pink wildflower called Phlox subulata that blooms in early springtime, according to The Old Farmer’s Almanac. Instead, an annular solar eclipse creates a “ring of fire” in the sky as the sun’s light surrounds the moon.

Persons: Ashley King, don’t, “, ” King, Paul Hayne, Hayne, It’s, ” Hayne, Lorenzo Di Cola, Alpha Capricornids, Perseids, Draconids, Orionids, Leonids, Geminids, Ursids Organizations: CNN, American Meteor Society, Northern, NASA, University of Colorado, Orvieto Cathedral, •, Alpha Locations: Southern, University of Colorado Boulder, Orvieto, Umbria, Italy, South America, Europe, Asia, Africa, North America

☆ Why a Viking Global portfolio manager is worried about a multi-strat meltdown, plus his favorite European luxury stock
▼ + stars: | 2024-04-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCompared to some of its Tiger Cub peers, $48 billion Viking Global's highs and lows have been more muted. This story is available exclusively to Business Insider subscribers. "If the stock went up 25% tomorrow, we would probably sell it absent any other fundamental change in the business." AdvertisementThe firm's flagship long-short fund was up 5.8% in the first quarter, a person close to the firm told Business Insider, and its long-only fund returned 10.1%.

Persons: —, Justin Walsh, Walsh, Hermes Organizations: Service, Tiger Cub, Tiger, Business, Harvard Business School Investment, Citadel, Business Insider, Cartier Locations: Stamford, Swiss

☆ Long-time quant bigwig Neil Chriss is out at Paloma after just 11 months. It was a year of big hires, a restructuring, and new New York digs.
▼ + stars: | 2024-04-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chriss — who joined the long-running quant-focused multi-strategy firm in May of 2023 — is "no longer with Paloma," according to a letter sent to the firm's investors Monday. Chriss had been at Millennium for five years prior to joining Paloma and founded his own hedge fund, Hutchin Hill, in 2007. Paloma declined to comment on the rationale for his departure, and Chriss did not respond to requests for comment. But it was not all growth for Paloma while Chriss was at the helm.

Persons: —, Neil Chriss's, Paloma, Chriss —, Chriss, Donald Sussman, Ravi Singh, Goldman Sachs, Chris LaSusa, LaSusa, Steve Cohen, Shaw, Ritter Organizations: Service, Paloma, Business, Industry, Intelligence, Goldman, KCL, D.E, Capital, Ritter Alpha Locations: Hill, Greenwich, New York, Manhattan, Minnesota

☆ Morgan Stanley names global ‘alpha’ stock ideas for April — and gives one nearly 30% upside
▼ + stars: | 2024-04-16 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Looking ahead, those searching for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Among the "notable top-ranked stock ideas" on its list is South Korean commercial bank Hana Financial Group. "Our Korea Financial analyst, Joon Seok ... believes large-cap banks are key beneficiaries of the corporate reform theme," Morgan Stanley's analysts said. Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for April. Notable bottom-ranked stocks Morgan Stanley named its "notable bottom-ranked stock ideas."

Persons: India's, Morgan Stanley's, Joon Seok, Morgan, Joon, Morgan Stanley, Santos, — CNBC's Michael Bloom Organizations: Japan's Nikkei, CSI, Alpha, Japan, Hana Financial, Korea Financial, Financial Services, Novatek Microelectronics, Analysts, Morgan, Berger Paints Locations: India, Japan, China, Asia, Pacific, Korean

☆ What’s the cheapest way to the edge of space? Ride a balloon
▼ + stars: | 2024-04-16 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

There are three types of space tourism companies now vying to open up this experience to the wealthy, the superwealthy and the out-of-this-world wealthy. HALO SpaceLast week in London, HALO Space CEO Carlos Mira unveiled the interior design for its Aurora space capsule, which his team hopes will transport 10,000 passengers to near-space by 2030. HALO Space declared at the presentation that it’s offering “new, safe and zero-emissions alternatives to space flights,” and having already completed five successful test flights, that it’s the most advanced company in its sector. Within a very limited space, comfortable seating, generous viewing windows, storage areas and, most importantly, a toilet cubicle all had to be integrated. Flights will launch pre-dawn, so that guests can experience a “white” sunrise at the edge of the stratosphere with the deep black of space beyond.

Persons: what’s, ”, Yuri Gagarin, “, there’s Elon, Jeff Bezos, Richard Branson’s Virgin, Carlos Mira, Frank Stephenson, Alpha Romeo, Mira, Stephenson Organizations: London CNN, SpaceX, Richard Branson’s Virgin Galactic, HALO Space, Ferrari, CT Engineering, HALO Locations: Soviet, there’s, London, ”

☆ If you're worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks instead
▼ + stars: | 2024-04-16 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors who are concerned they're overexposed to Nvidia could replace the name with these steady growth stocks instead, according to Trivariate Research's Adam Parker. "If NVDA reports that demand is still robust as far as the eye can see, owning AI-exposed semiconductors remains prudent," Parker said. "For those looking to hedge their aggressive AI-semiconductor bets, this group appears prudent," Parker wrote. Berkshire Hathaway surfaced as a large cap growth stock with low correlation to Nvidia , that's also able to beat the market. Charles Schwab was another large cap growth stock with low correlation to Nvidia.

Persons: Trivariate Research's Adam Parker, Parker, Berkshire Hathaway, that's, Eli Lilly, Charles Schwab Organizations: Nvidia, Citi, Waste Management, Emerson Locations: Berkshire

☆ In ‘Monkey Man,’ Dev Patel attempts to reclaim Hinduism for the underdog
▼ + stars: | 2024-04-15 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —“Monkey Man,” Dev Patel’s directorial debut action thriller that he also stars in, wrote and produced, opens with a tale familiar to Hindus around the world. This mythology is the foundation of “Monkey Man,” which hit theaters on April 5. In "Monkey Man," Kid plots revenge on the corrupt forces that raided his forest village and killed his mother. Dev Patel directed, wrote, produced and starred in the action thriller "Monkey Man," which is inspired by the Hindu legend of Hanuman. “Monkey Man,” then, is a warning about what can happen when people are oppressed and disempowered for too long.

Persons: ” Dev Patel’s, Hanuman, Patel himself, —, Patel, ” Patel, Kid, ’ ”, Rana Singh, Sikandar Kher, Baba Shakti, Makarand Deshpande, Rana, Sita, Sobhita, Rama, Ravana, Lord Rama, Sailaja Krishnamurti, ‘ What’s, ” Krishnamurti, “, Thrisha Mohan, Narendra Modi, Lord Ram, Imtiyaz Khan, ” Mohan, Baba Shakti —, ”, Krishnamurti, Mohan, Modi, it’s, wasn’t, Siddhant Adlakha, ” Adlakha, It’s, Amitabh Bachhan, Bruce Lee, Jackie Chan, Keanu Reeves, Hollywood’s, Hollywood’s “ John Wick ”, India’s underclasses, “ He’s, Dev Patel, Monica Schipper, hijras, Kid bungles, he’s, Baba, Shiva, Parvati, Bedatri D, Choudhury Organizations: CNN, SXSW, Universal Pictures, Queen’s University, Human Rights, Indian, Anadolu, Getty, Modi’s Bharatiya Janata Party, BJP, TIME, Alpha, Philadelphia Inquirer Locations: Yatana, India, Ayodhya, Hong Kong, Hollywood’s “, Kid’s

☆ 'Buffett really was not a great stock picker': Financial researcher Larry Swedroe on how investors can emulate the billionaire investor
▼ + stars: | 2024-04-13 | by ( Meredith Mutter | ) www.cnbc.com time to read: +3 min

Larry Swedroe, who is considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore. "Warren Buffett was generally considered the greatest stock picker of all time. And, what we have learned in the academic research is Warren Buffett really was not a great stock picker at all," Swedroe told CNBC's "ETF Edge" this week. "What Warren Buffett's 'secret sauce' was, he figured out 50, 60 years before all the academics what these factors were that allowed you to earn excess returns." In his latest book, Swedroe likens the stock market to sports betting and active managers to bookies.

Persons: Larry Swedroe, Warren, Warren Buffett, Swedroe, CNBC's, Warren Buffett's, Cliff Asness, Buffett, Buffett's, who's Organizations: Wall Street, Alpha, CNBC, Buckingham Wealth Partners Locations: AQR, Bridgeway, BlackRock

☆ Short-seller sends Globe Life shares plunging 53% as insurance giant calls report 'defamatory,' threatens legal action
▼ + stars: | 2024-04-12 | by ( Susan Antilla | ) www.businessinsider.com time to read: +12 min

Read previewShares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company. (Globe Life, AIL, and the other defendants denied the allegation in a legal filing.) Meanwhile, Warren Buffett's Berkshire Hathaway sold all 6.35 million shares of Globe Life stock the investor once held. In his April 3 presentation to investors, Koppikar called Globe Life "a dead-end pyramid scheme." He predicted that the DOJ investigation will hinder recruiting, "which is the lifeblood for pyramid schemes like Globe Life."

Persons: —, Arias, Panda, Fuzzy Panda, Steve Greer, Dave Zophin, Trina Orlando, Renee Zinsky, Zinsky, AIL, Simon Arias, Michael Russin, Amy Williamson, Zinsky's, Russin, Warren Buffett's Berkshire Hathaway, John Kane, Matthew D, Williamson, wasn't, I'm, Michael Clark, Renee, Jennifer Haworth, Abeni Mayfield, Susan Antilla, Orlando, Nate Koppikar, Haworth, J, Matthew Darden, Russin's, Koppikar Organizations: Service, Inc, Business, BI, Organization, Globe, AIL, Arias Organization, Agencies, Opportunity, Department of Justice, Globe Life, Russin, AAA, Orlando, Alpha, Reuters, DOJ Locations: Globe's, Pittsburgh, Columbia , Maryland, Mayfield, Arias

☆ Buy these 23 stocks set to be long-term leaders while earnings crush estimates this year, according to strategists who've crafted a market-beating portfolio
▼ + stars: | 2024-04-10 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

US stocks could be stuck in quicksand for the rest of 2024 despite robust earnings growth, but investors shouldn't panic. Wall Street expects double-digit earnings growth in 2024. The consensus estimate for S&P 500 profits is about $244, which would be up from $220 in 2023. The so-called SMID-cap cohort lagged its larger peers again in the first quarter, posting a solid 7.6% total return, while the S&P 500 surged 10.6%, including dividends. Six sell-side research analysts cover the typical stock in the SMID-cap S&P 1000 index compared to 17 analysts for the average S&P 500 member, Belski wrote.

Persons: Brian Belski, Belski, Evercore ISI's Julian Emanuel Organizations: Business, BMO Capital Markets, BMO

☆ Gen Z's Dream of Becoming Influencers Is Getting Harder Thanks to AI
▼ + stars: | 2024-04-09 | by ( Clem De Pressigny | ) www.businessinsider.com time to read: +13 min

Advancements in AI tech have given birth to an industry of AI influencers, and major companies are beginning to show interest in their far more cost-effective approach to marketing. AdvertisementMiquela's success didn't spark a virtual-influencer revolution, but that was largely because of cost — human influencers were still cheaper. She sees AI influencers being used to provide a deep level of information, support, and guidance on brands and products. Do AI influencers really stand a chance at building trust with an audience? A study in the European Journal of Marketing found that consumers were just as likely to follow an AI influencer as a human influencer but that they didn't trust the AI influencer as much.

Persons: Zers, Gen Z, influencers, wannabes, — they're, Nikita Baklanov, Julia Broome, Baklanov, Broome, she'd, it's, Miquela Sousa, Lil Miquela, Instagram Miquela, Calvin Klein, Imma, HypeAuditor, Euronews, who's, Jenny Dearing, Dearing, ChatGPT, chatbot, Eric Schmidt, Jonathan Haidt Organizations: Stanford, UGC, Prada, Companies, Meta, Instagram, AIs, Oxford, Advertising, Air, European, Marketing, Air Canada, Google, Alpha Locations: strategize, TikTok, Antarctica, Air Canada

☆ Multi-strategy hedge funds in Hong Kong and Singapore are booming. Here's why they're tapping the Middle East to get to the next level.
▼ + stars: | 2024-04-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.

Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, —, Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China

☆ 'Big bargains': Morgan Stanley names 3 overlooked global tech stocks, giving one almost 100% upside
▼ + stars: | 2024-04-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

In Europe — much like in the U.S. — a few key stocks have been driving the market, especially earlier this year, according to Morgan Stanley. In late February, just five stocks were responsible for 60% of European stock market gains year-to-date, the bank said. The company has grown into one of the largest, most integrated payment providers, Morgan Stanley said. Exclusive Networks Morgan Stanley says this is one of the largest and fastest-growing specialist distributors of cybersecurity products globally. The nature of threats is constantly changing, and so the products offered by the vendors – and the vendors themselves – are constantly changing," Morgan Stanley said.

Persons: Morgan Stanley, CompuGroup Morgan Stanley, Networks Morgan Stanley, — CNBC's Michael Bloom Organizations: Solutions, Networks Locations: Europe, U.S, —, Germany, France, Austria

☆ Ammunition shortages are letting Russia be the 'alpha predator on the battlefield,' US veteran in Ukraine says
▼ + stars: | 2024-04-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Read previewUkraine's ammunition shortages are allowing Russia to be the "alpha predator on the battlefield," a US veteran fighting in Ukraine said. Jackie said that because Ukraine doesn't have enough artillery, Russia has "free reign." Jackie said Ukraine's troops fighting against Russia's invasion are used to fighting with less artillery than the Russians. "We need only suppress Russian artillery and armor," he said. He said that they kept a corridor open for Ukraine's troops to retreat down.

Persons: —, Jackie, bloodying, it's, Vlada, Ukraine's pullout, We're Organizations: Service, 3rd Assault Brigade, Business, Ukraine, Getty, White, —, Republicans Locations: Russia, Ukraine, Russia's, Russian, Avdiivka, Czech Republic, Europe

☆ US veteran in Ukraine says Russia is the 'alpha predator on the battlefield' now because of ammo shortages
▼ + stars: | 2024-04-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

☆ Top performing investor doubts Nvidia is really worth this much, buying 2 unusual stock plays instead
▼ + stars: | 2024-04-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

"If you look at AI stocks or Nvidia in particular … Nvidia's a phenomenal company, massive revenue growth, massive earnings growth, but there's a question — how wonderful are they? Miller said Nvidia is inherently different from companies such as Microsoft and Apple, which he thinks are worth their $2 billion valuations. Nvidia shares more than tripled in 2023 as investors flocked into the AI darling. Metallurgical coal companies are trading very cheaply alongside their thermal coal peers since investors are "throwing the baby out with the bathwater," Miller said. "There's going to be more metallurgical coal used over the next three to five years, but there's no new supply coming online."

Persons: David Miller, Miller, haven't, there's, Morningstar Organizations: Nvidia, Catalyst Funds, CNBC, Microsoft, Apple, Alpha Metallurgical Resources, Metallurgical Locations: U.S

☆ Disney's Bob Iger has won the long proxy battle against Nelson Peltz
▼ + stars: | 2024-04-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

It's a victory for CEO Bob Iger against activist investor Nelson Peltz. AdvertisementDisney CEO Bob Iger has officially prevailed in his battle against activist investor Nelson Peltz. Disney had been expected to prevail in the Peltz proxy battle. AdvertisementThe battle, though, likely prompted Iger and the board to redouble its focus on the next Disney CEO. "Regardless of the outcome of today's vote, Trian will be watching this company's performance," Peltz said at the meeting before the decision.

Persons: Bob Iger, Nelson Peltz, —, Peltz, Jay Rosulo, Horacio Gutierrez, Disney's, Maria Elena Lagomasino —, Iger, Disney, Neuberger Berman, Trian, Gen Z, Alpha, Bob Chapek, Iger's, Jason Schloetzer Organizations: Disney, Service, Trian Partners, CNBC, California Public Employees, Epic Games, ESPN, Georgetown University's McDonough School of Business

☆ Elon Musk's Tesla looks set to regain its crown as the world's biggest electric carmaker as BYD sales tumble
▼ + stars: | 2024-04-02 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

It looks like Tesla is about to regain its title as the world's top electric car maker. China's BYD reported on Monday that sales plummeted more than 40% for the first three months of 2024. Elon Musk's company is set to reveal its own quarterly delivery numbers on Wednesday. The slide has caused some to question whether Musk's company deserves its spot in the "Magnificent Seven" group of mega-cap tech stocks. A drop in deliveries would cap a "nightmare quarter for Tesla," said Wedbush analysts in a research note last week.

Persons: Tesla, China's BYD, Elon, —, It's, That's, BYD, Wells Fargo, Bernstein, Warren Buffett Organizations: Elon Musk's, Service, Shenzhen Stock Exchange, BYD, Visible Alpha, Wedbush Securities, Tesla Locations: Shenzhen, Texas, Wells, Hong Kong

☆ I'm raising my daughter's 6-year-old son as a single Gen X grandparent. I want my situation to be normalized.
▼ + stars: | 2024-04-02 | by ( Jane Ridley | ) www.businessinsider.com time to read: +3 min

Sabrina Wiggins took responsibility for raising her grandson when he was around 3 months old. The 47-year-old shared what it's like as a Gen X grandparent raising a Gen Alpha kid alone. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When Aiden was around 3 months old, my daughter agreed that it would be better if I took over raising him. Raising Aiden has involved some sacrificesBut I got by with the support from my family.

Persons: Sabrina Wiggins, —, Aiden, I'd, — I'd, They'll, I'm, Wiggins, I've Organizations: Alpha, Service, Navy, Business Locations: Florida

☆ Disney's fight with Nelson Peltz will come to a head tomorrow. Here's where things stand.
▼ + stars: | 2024-04-02 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

A vote for the Disney's slate of board members will show support for Iger's performance as CEO since he returned to lead the company in November 2022. AdvertisementIt's the culmination of months of tussling between Disney and Peltz, who has been waging war against Disney's board since January last year. "When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger's leadership." And proxy advisory firm Institutional Shareholder Service recommended shareholders vote for Peltz, though not Rasulo. Advertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time.

Persons: —, Bob Iger, Nelson Peltz's Trian, that's, Peltz, Jay Rasulo —, Maria Elena Lagomasino, Michael Froman, Gen, Alpha, Jason Schloetzer, BlackRock, Rowe Price, Iger, Roy Disney's, Laurene Powell Jobs, George Lucas, Lucas, Bob Iger's, Donald Duck's, Ludwig Von Drake, Schloetzer, Trian, That's, Neuberger Berman, Ike Perlmutter, he'd Organizations: Service, Disney, Nelson Peltz's Trian Partners, Business, Century Fox, Epic Games, Georgetown University's McDonough School of Business, Vanguard, Street Journal, ValueAct Capital, Walt, Star Wars, Lucasfilm, New York Times, California Public Employees, CNBC, Netflix, ABC, ESPN, Marvel, Financial

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