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☆ A trading coach explains how intraday traders can use one tool to bet on rising gold prices and parlay their wins into extraordinary gains
▼ + stars: | 2024-04-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

These events tend to bring participation to the gold market because the commodity is viewed as a haven, he said. However, since the spot gold market is larger than the futures market, there is a tremendous amount of selling and buying volume for trading gold directly, which creates market depth at all times, he said. This creates more opportunities to capitalize by trading gold directly. However, in most cases, given the depth of the spot gold market (XAU/USD), order slippage is minimal, he noted. TradingViewHe emphasized that spot gold is often traded through an over-the-counter broker, and the volume bars may not be visible.

Persons: Shain Vernier, Vernier, isn't, it's, TradingView Organizations: Service, Business, HowToTrade.com, Traders, Bollinger, TradingView Locations: Iran, Israel

☆ Kim Jong Un tested a new rocket that could hit Seoul — and may aid Russia against Ukraine
▼ + stars: | 2024-04-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Kim Jong Un oversaw tests for a rocket capable of hitting Seoul in South Korea, Bloomberg reported. Russia and North Korea have previously denied reports of an arms deal between the two nations. North Korean leader Kim Jong Un and Russian President Vladimir Putin in Vladivostok on April 25, 2019. Russia and North Korea have previously denied an arms deal exists between the two countries. Business Insider reported in October that North Korea was on track to become "one of Russia's most significant foreign arms suppliers."

Persons: Kim Jong Un, —, Yang, Vladimir Putin, Alexander Zemlianichenko, Simon Miles, Miles, Kelly Grieco, it's Organizations: Bloomberg, Service, Ukraine, Korean People's Army, Korean Central News Agency, Asan Institute, Policy Studies, NK News, North Korean, Duke University's Sanford School of Public, Kremlin, Soviet Union, AP News, Business, pushback, US, Stimson Center Locations: Seoul, South Korea, Russia, Ukraine, North Korea, Korea, Russian, Vladivostok, Soviet

Paramount is preparing to announce the departure of its chief executive, Bob Bakish, as soon as next week, according to three people with knowledge of the matter, a sudden development that would come even as company is exploring a merger. Ms. Redstone grew frustrated with what she saw as his inability to get important deals across the finish line, including a sale of the Showtime and BET cable channels, the people said. The company is in talks to merge with Skydance, a media company controlled by the tech scion and Hollywood producer David Ellison. It is also negotiating a lucrative deal to keep channels like Nickelodeon and MTV on the Charter cable system. The Wall Street Journal earlier reported that Paramount’s board was considering replacing Mr. Bakish.

Persons: Bob Bakish, Bakish’s, Shari Redstone, David Ellison, Bakish Organizations: Paramount, Showtime, BET, Nickelodeon, MTV, Street

☆ Ford tapped the brakes on EVs and bet on hybrids. It's paying off.
▼ + stars: | 2024-04-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewFord's bet on hybrids looks like it's paying off. By comparison, the company's pure EV business has struggled. Ford's crosstown rival General Motors, meanwhile, has reversed its "all-in" electric vehicle strategy and pledged to bring back hybrids into its North American vehicle lineup. Not to be outdone, Ford is also doubling down on hybrids, even as it cuts back on some EV investments. "The EV adoption rate globally is under pressure, and a lot of other auto manufacturers are pulling back on EVs and pursuing plug-in hybrids instead," said Musk in the company's earnings call.

Persons: —, Jim Farley, Farley, Ford, Elon Musk, Motors, Jim Baumbick Organizations: Service, Detroit, US, Toyota, Honda, Business, Ford Model, Motors, Volkswagen, EV, The New York Times, American, Elon Locations: North America

☆ The IPO reopening is real. Just look at Rubrik, the first unicorn to go public in months
▼ + stars: | 2024-04-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.

Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte

Meta’s A.I. But for investors, that’s not enough — and that’s a warning to other tech giants set to announce their own financial results in the coming days. That makes clear that while Wall Street loves the opportunities that A.I. The company plans to spend $35 billion to $40 billion this year — much of that on the technology — up from a forecast of $30 billion to $37 billion. It also expects second-quarter revenue to come in at $36.5 billion to $39 billion, below analyst estimates.

Persons: Meta’s, Meta, that’s, Mark Zuckerberg Organizations: Facebook, Wall, Meta

☆ Gen Z would rather take a chance on a new app than use 'embarrassing' Instagram if TikTok gets banned
▼ + stars: | 2024-04-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."

Persons: Young, —, Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok

☆ Americans are falling behind on their payments
▼ + stars: | 2024-04-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Americans are already struggling to keep up with their credit card payments. Strong consumer spending has buoyed the US economy through the Fed’s aggressive hiking cycle that has brought interest rates to a 23-year high. Economists say that Fed officials look closely at Americans’ ability to make their payments. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. “This is particularly troubling given that ‘naked’ short selling often entails sophisticated market participants profiting at the expense of retail investors,” the Trump Media CEO wrote.

Persons: New York CNN —, Austan Goolsbee, ’ ”, ”, Ramon Laguarta, Matt Egan, Devin Nunes, ” Nunes, Nunes, Read, Hanna Ziady, Colm Kelleher, “ Organizations: CNN Business, Bell, New York CNN, Chicago Federal, Society for, New York Fed, ISI, PepsiCo, Commerce Department, Atlanta Fed, Social, Trump Media, Trump Media & Technology Group, Truth Social, Financial Services, Republican, Traders, UBS, Credit Suisse Locations: New York, California, Switzerland, Swiss

Nvidia Eddie George picked chipmaker darling Nvidia for its long-term prospects. Oracle shares are up roughly 9% this year. Apple George selected Apple for his second pick. Faced with waning demand and rising competitive pressures, Apple stock has shed nearly 12% this year, making it a weak link among the "Magnificent Seven" tech cohort. The company's legacy of sustainable excellence has also paved the way for cutting-edge technology like Apple Pay and the Apple Watch.

Persons: gunning, Breanna Stewart, Stewart, Mark Zuckerberg, Nvidia Eddie George, George, Jensen Huang, Charlotte Flair, Flair, Oz Pearlman, bitcoin, Pearlman, It's, Caterpillar's, Ekeler, Schulman, Carter, Microsoft Jillian Michaels, Giancarlo Chersich, Michaels, Nancy Pelosi's, Oracle Joey Chestnut, Larry Ellison, Wall, DraftKings, Karen Finerman, Apple George, Apple, DraftKings Eddie George, Apple Charlotte Flair, IBM Oz Pearlman, Carvana Austin, Intel Nev Schulman, Crocs Jillian Michaels, Google Joey, Starbucks Kenny, Smith Organizations: Meta, Nvidia, Tennessee Titans, Tennessee State University, Computer WWE, Computer, Micro, IBM, bitcoin, Caterpillar, Washington, Microsoft, Oracle, FactSet, CNBC, Apple, Apple Watch, Intel, JPMorgan Druski, Nike, Google, Starbucks, Warner Bros, Delta Air Locations: American, Nashville

☆ Wall Street stands by Meta even as costs rise and the stock sells off, cites AI leadership
▼ + stars: | 2024-04-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street analysts are standing by Meta Platforms despite Thursday's sell-off. The analyst cut his price target to $480 from $535 a share, noting that building and creating new products is no easy — or quick — feat. The adjusted price target reflects nearly 3% downside from Wednesday's close. Morgan Stanley analyst Brian Nowak retained his overweight rating and $550 price target, saying the firm remains "buyers through Meta's investments." Meta isn't alone in this feat, with Nowak expecting competitors to undertake similar steps as more AI opportunities arise.

Persons: Doug Anmuth, Benjamin Black, Black, Citi's Ronald Josey, Goldman Sachs, Eric Sheridan, Morgan Stanley, Brian Nowak, Meta isn't, Nowak, Bank of America's Justin Post, Ross Sandler, Mark, Zuckerberg, Sandler Organizations: Meta, Facebook, Deutsche Bank, Bank of America's, Barclays

☆ Truth Social owner Trump Media asks Congress to investigate ‘troubling’ market manipulation claims
▼ + stars: | 2024-04-24 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Trump Media & Technology Group is asking Congress to investigate its suspicions that illegal activity is driving down its share price. Nunes, himself a former Republican congressman from California, pointed to how Trump Media has been among the most expensive stocks to borrow. Nunes suggested there are signs of “naked” short selling, which involves someone selling shares they don’t own or have not borrowed. Jay Ritter, a finance professor at the University of Florida, said there are more obvious explanations for why some traders are betting against Trump Media. Last week, Nunes wrote a letter to Nasdaq, where Trump Media shares trade, alerting the exchange to concerns about market manipulation.

Persons: New York CNN —, Devin Nunes, ” Nunes, Nunes, ” Jonathan Macey, Jay Ritter, ”, Jay Ritter, Ritter, Jane Street, Ken Griffin, “ Devin Nunes, ‘ Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Truth Social, Trump Media, Financial Services, Republican, Traders, Yale Law School, CNN, University of Florida, ” Trump Media, Trump, Citadel Securities, Virtu, Jane, Capital, Citadel, Nasdaq, CNBC Locations: New York, California, Virtu Americas, America

☆ Don't bet against Zuckerberg: Meta's earnings-driven stock slide is an opportunity
▼ + stars: | 2024-04-24 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

META YTD mountain Meta Platforms YTD We obviously don't like what we are seeing after hours in the stock. While expecting a similar dynamic to play out now with AI investments, Zuckerberg fully expects the end result to be similar as the team scales its offerings and then begins to monetize the investments. Regarding shareholder returns, the company repurchased $14.6 billion worth of stock during the quarter while returning another $1.3 billion via dividends. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The logo of the U.S. company created by Mark Zuckerberg, Meta is displayed during the Viva Technology conference at Parc des Expositions Porte de Versailles on June 15, 2023 in Paris, France.

Persons: That's, Mark Zuckerberg, we'll, Zuckerberg, China's ByteDance, we've, we're, it's, ChatGPT, Jim Cramer, Joe Biden, Jim, Jim Cramer's, Porte de Versailles Organizations: Revenue, LSEG, Zuckerberg, China's, Meta, Microsoft, Electric, Realty Labs, Daily, People, CNBC, U.S ., Viva Technology, Parc, Chesnot, Getty Locations: U.S, Asia, Pacific, Paris, France

☆ Ryan Garcia: Boxer was three pounds overweight for major fight. It went ahead and he shocked the world
▼ + stars: | 2024-04-24 | by ( Jonny Velasquez | Ben Morse | ) edition.cnn.com time to read: +7 min

Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.

Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, “, Devin Haney, ”, I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, ‘, he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State

☆ Early retail bulls chart Nvidia's transformation from gaming icon to AI superpower — a ride that's paid for cars, dream homes, and lavish vacations
▼ + stars: | 2024-04-23 | by ( Ana Altchek | Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Nvidia has been a cash cow for retail investors lucky enough to buy before the huge AI-fueled rally. Early retail investors told Business Insider their gains have paid for cars, vacations, and dream homes. The stock's steep climb — up over 1,500% since 2019 — has transformed the lives of some of Nvidia's long-term retail investors, resulting in comfier retirements, new cars, and gains worth millions for some. Nvidia shares tumbled by more than 30% in 2018. That sense of security that such a windfall provides was the top theme among the Nvidia investors Business Insider connected with.

Persons: —, I'm, ChatGPT, Tom, he'll, Danial hadn't, Danial, Roth, Jeff Roberts, Rick, He's, Chris Downs, Downs, he's Organizations: Nvidia, Business, Service, Vanda Research, Apple, Invest, Mexico City Locations: New Jersey, Texas, Costa Rica, Missouri, Bolivia, Paris, Mexico, Spain

☆ Firm dollar drags yen down closer to intervention range
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +4 min

A firm U.S. dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan's rate decision this week. A firm U.S. dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan's rate decision this week. Traders have been keeping wary eye as yen slips towards 155.00, a level considered by many participants as the new trigger for intervention by Japanese authorities. The weak yen complicates the BOJ's policy path, with some market players betting the central bank could come under pressure to hike rates sooner than it wants to slow the currency's decline. Markets are currently pricing in a 46% chance of the Fed's first rate cut starting in September, with November not far behind at 42%, according to the CME FedWatch Tool.

Persons: Carol Kong, Shunichi Suzuki, BoE, Sterling, bitcoin Organizations: Bank of, Traders, Bank of Japan's, Commonwealth Bank of Australia, Japan's Finance, Federal Reserve, Investors, Commonwealth Bank of Australia's, European Central Bank, Bank of England Locations: Japan, Iran, Israel, Tokyo, Japan's, U.S, Commonwealth Bank of Australia's Kong

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Roblox, Tesla, Qualcomm, Disney & more
▼ + stars: | 2024-04-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates MongoDB as buy Loop sees growth accelerating for the developer data platform company. JPM reiterates General Motors and Ford as overweight JPMorgan said the stocks will benefit from "lower commodities & higher production outside China." JPMorgan upgrades Assai to overweight from neutral JPMorgan said it sees improving trends and better visibility for the Brazilian wholesaler. JPMorgan upgrades Roblox to overweight from neutral JPMorgan said it sees a "compelling entry point" for the stock. JPMorgan downgrades Five Below to neutral from overweight JPMorgan downgraded Five Below due to "ongoing macro pressure."

Persons: JPM, JPMorgan, KeyBanc, Wells, D.A, Davidson, Davidson's, Berenberg, Morgan Stanley, Harley, Evercore, it's bullish, it's, Tesla, Rosenblatt, Oppenheimer, Dwight, Key, Truist, Wolfe, Warner, Price Organizations: Motors, Ford, GM, Nvidia, MU, BMO, prem, NICE, JPMorgan, Barclays, Apple, Albertsons, Catalyst Watch, NOVA, Penn Entertainment, PENN, ESPN Bet, Benchmark, Qualcomm, Warner Brothers, Warner, HBO Locations: China, Texas, U.S

☆ Demand for human-like robots that can do just about any job is expected to boom by 2026. These 10 stocks are set to profit off the growth, according to an investment strategist.
▼ + stars: | 2024-04-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

By 2027, that ratio is expected to increase to 43% of tasks completed by machines and 57% by humans. "On the one hand, yes, it's scary to envision a world in which almost no job is safe from automation or from robotics. The annual installation of industrial robots is expected to grow by about 30%, from 553,000 installations in 2022 to 718,000 in 2026. Themes ETF launched its version of a robotics-focused ETF called Themes Robotics and Automation ETF (BOTT) on Monday. Lincoln Electric Holdings (LECO)Toyota Industries (6201 JP)Esab Corp (ESAB)Nordson Corp (NDSN)Fortive Corp (FTV)Intel Corp (INTC)Konecranes Oyj (KCR FH)Microchip Technology (MCHP)Silicon Motion Technology (SIMO)Semtech Corp (SMTC )

Persons: Taylor Krystkowiak, Krystkowiak, Konecranes, SIMO, Semtech Organizations: Boston Dynamics, Business, International Federation of Robotics, Automation, Lincoln Electric Holdings, Toyota Industries, Esab, Nordson, Fortive, Intel Corp, Technology, Motion Technology Locations: Medicine, guesswork

☆ E.W. Scripps exploring sale of Black-culture broadcast network Bounce TV
▼ + stars: | 2024-04-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Scripps , one of the largest local TV broadcasters in the U.S., has hired a financial advisor to evaluate inbound interest in acquiring Bounce TV, its over-the-air network geared toward African Americans, according to Scripps CEO Adam Symson. Symson declined to comment on the names of the bidders or the potential price for Bounce TV. He added a platform such as Bounce TV could also serve as a landing spot for a catalog of Black creators. Scripps officials began telling Bounce TV employees about the inbound interest on Tuesday, according to a person familiar with the communications. Bounce TV, which debuted in 2011, is a free over-the-air network that broadcasts a combination of syndicated shows, movies and original content.

Persons: Tanika Ray, Alyson Fouse, Kym Whitley, Yvette Nicole Brown, Tisha Campbell, Adam Symson, Symson, Scripps, they're, Johnson, Deji LaRay Organizations: London West Hollywood, Beverly, Scripps, Paramount Global, BET Media Group, CNBC, TV, BET Locations: Beverly Hills, West Hollywood , California, U.S

☆ Disney technology executive Aaron LaBerge to leave company for personal reasons
▼ + stars: | 2024-04-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is leaving for personal reasons related to his family and will stay on at Disney until June, the memo said. At ESPN, LaBerge has been a central figure behind the company's streaming services, including ESPN+, the upcoming sports streaming application co-owned by Disney, Warner Bros. They include former CEO Bob Chapek, former head of streaming Kevin Mayer, ex-finance chief Christine McCarthy, former Walt Disney Studios Chairman Alan Horn, former Disney general counsel Alan Braverman, ex-head of communications Zenia Mucha, and former president of Walt Disney Pictures, Sean Bailey.

Persons: Aaron LaBerge, LaBerge, He'll, He's, Bob Chapek, Kevin Mayer, Christine McCarthy, Alan Horn, Alan Braverman, Zenia Mucha, Sean Bailey, Aaron, Jimmy Pitaro, Dana Walden, Alan Bergman, Chris Lawson, Paul Allen Organizations: Walt Disney, New York Stock Exchange, Disney Entertainment, ESPN, PENN Entertainment, ESPN Bet, Disney, Hulu, Warner Bros . Discovery, Fox, Walt Disney Studios, Walt Disney Pictures, ESPN BET, Company, Starwave

☆ I've stayed at the chain of luxury campgrounds converting Airstream trailers into hotel rooms. It's a no-brainer for Hilton to bet on them.
▼ + stars: | 2024-04-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Travelers can soon use Hilton Honors points at AutoCamp's popular "glamping" resorts. The chain is best known for its high-end Airstream-trailer hotel rooms. The rapidly expanding luxury camping chain has seven locations, many near national parks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The hotel giant says its members will soon be able to earn and use Hilton Honors points to book AutoCamp's chain of luxury campgrounds, best known for their stationary Airstream trailer hotel rooms.

Persons: Hilton, —, It's Organizations: Service, Business

☆ Opinion | Why Aren’t We Saving the Urban Forests?
▼ + stars: | 2024-04-22 | by ( Margaret Renkl | ) www.nytimes.com time to read: +1 min

The volunteer black walnut sapling in our front yard arrived courtesy of a local squirrel. I had to mark it with a little flag to make sure my husband didn’t mow over it by accident. The baby Eastern red cedars and the baby black cherries and the baby red mulberries were all planted by birds. (The baby willow oak and the three baby shingle oaks that appeared two years ago have already fed the rabbits.) This black walnut won’t reach full maturity for another 150 years or so, and that’s if no one cuts it down — a bet I would not take.

Persons: didn’t mow

☆ Will Trump testify? What he says and why it’s a risky bet
▼ + stars: | 2024-04-22 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

Video Ad Feedback Smerconish: Will Trump testify? While he is under no obligation to testify, Trump has promised he will. And the truth is that there’s no case, they have no case,” Trump said. When juries and a judge have seen Trump testify, he lostThe first Carroll trial jury in 2023 was played a videotape of Trump’s deposition by lawyers. Not a hush money case, but an election interference caseOne other key thing to note out of the prosecution’s opening statement is that they want to portray this case as an election interference case rather than a hush money case.

Persons: Donald Trump, Trump, Michael Cohen, National Enquirer David Pecker, Cohen, Pecker, Will Trump, I’m, ” Trump, Juan Merchan, Kara Scannell, Lauren del Valle, Jeremy Herb, E, Jean Carroll, ►, – Trump, Merchan, Hillary Clinton, Joey Jackson, Jackson, “, Jake Tapper, Will Scharf, Scharf, ”, ” Scharf, Carroll, Marla Maples, Read, Feedback Trump, Arthur Engoron, reimbursing Cohen, Stormy Daniels, Clifford, Daniels, … … …, CNN’s Paula Reid Organizations: CNN — Prosecutors, New, National Enquirer, Trump, CNN, Mar, Trump Organization, Prosecutors Locations: New York

☆ Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
▼ + stars: | 2024-04-22 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. Tesla kicks off tech earnings season after the close of trading on Tuesday, with shares of the electric vehicle maker trading at their lowest since January 2023. When it comes to AI, Meta debuted its assistant — Meta AI — on WhatsApp, Instagram, Facebook and Messenger last week. Loren Elliott | Bloomberg | Getty ImagesOn a busy Thursday for tech earnings, Alphabet is likely to capture the most attention. On Thursday, Alphabet CEO Sundar Pichai announced a consolidation of the company's AI teams, including responsible AI and related research teams, under the Google DeepMind umbrella.

Persons: Sundar Pichai, Justin Sullivan, tech's behemoths, Tesla, Microsoft's, Lip, CNBC's, we've, Brandon Bell, Drew Baglino, Rohan Patel, Musk, John Murphy, Meta, Mark Zuckerberg, Wall, OpenAI's ChatGPT, Joe Biden, Republican Donald Trump, Loren Elliott, Ruth Porat, Thomas Kurian's, livestreamed, Pichai, that's, Satya Nadella, Sam Altman, Altman, OpenAI, chatbot, MSFT Organizations: Inc, Government, Society, Google, Big Tech, Nvidia, BakerAvenue Wealth Management, Tech, Meta, Microsoft, Getty, Elon Musk's EV, Bank of America, Reality Labs, Facebook, Republican, Bloomberg, CNBC, Google Cloud, Union, Apple, Guggenheim Locations: Stanford , California, Austin , Texas, New York, Sunnyvale , California, Sunnyvale, Seattle, San Francisco , California, OpenAI, Mistral, U.S

☆ Carrier, the century-old inventor of the air conditioner, is moving on to the home heat pump
▼ + stars: | 2024-04-22 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Andrew Aitchison | In Pictures | Getty ImagesIn case you haven't noticed, heat pumps are hot. But there are other reasons why heat pumps are fast becoming popular with homeowners. All of this is transforming Carrier Global , the nearly 100-year-old manufacturer whose founder, Willis Carrier, invented air conditioning. Heat pumps have a history dating back to 1850s The thermodynamic science behind heat pumps was developed in the 1850s, when the first ones were invented, and they've been used in homes since the 1960s. Heat pumps use electricity to transfer heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.

Persons: CARR, Andrew Aitchison, Willis Carrier, David Gitlin, Carrier, Hakan Yilmaz, Yilmaz, they've, Michael Kretschmer, Sebastian Kowalski, Kretschmer, Tobie Stanger, Dave Lis, Viessmann, Milena Oliveira, Oliveira, Mark Prodan, Prodan, There's Organizations: Carrier Global, United Technologies, Solutions, East Trade Policy, Getty, International Energy Agency ., U.S . Climate Alliance, Consumer, Energy Efficiency, Carrier, M, Energy Star Locations: Gardens , Florida, Saxony, Leipzig, America, U.S, Maine, Michigan, Indian, Connecticut, New York State

☆ Any hope for a cheaper Tesla model may be on hold for now. But how about a Tesla taxi for your troubles?
▼ + stars: | 2024-04-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Elon Musk teased details about a cheaper Tesla model just a few months ago. Bloomberg reported Tesla has shifted to robotaxis, which Musk said will be revealed in August. AdvertisementIf EV consumers were looking for a cheaper Tesla in the immediate future, that hope may have to be put on hold for now. One source told the outlet the timeline for a prototype rollout and production capacity for robotaxis is getting priority over a cheaper Tesla model. AdvertisementFor now, the cheaper Tesla appears to have been put on the back burner.

Persons: Elon Musk, Tesla, Musk, —, Tesla hasn't Organizations: Bloomberg, Service, Reuters Locations: robotaxis, Tesla's

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