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☆ Black box recovered from cargo ship that crashed into Baltimore bridge could help uncover what went wrong
  + stars: | 2024-03-27 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +3 min
A black box has been recovered from the ship that crashed into a Baltimore bridge. The Dali, a Singapore-flagged cargo ship, hit Baltimore's Francis Scott Key Bridge early Tuesday. AdvertisementWhat exactly went wrong to cause the Baltimore bridge collapse this week? Officials on Wednesday recovered the ship's black box data recorder, which could help investigators piece together what caused the crash. The Singapore-flagged Dali cargo ship crashed into the Francis Scott Key Bridge in Baltimore, Maryland, early Tuesday morning, causing it to collapse.
Persons: Dali, Baltimore's Francis Scott Key, —, Jennifer Homendy, Guy Platten —, Francis Scott Key, Wes Moore, James Wallace, Shannon Gilreath Organizations: Baltimore's Francis Scott Key Bridge, Service, Transportation Safety Board, CBS News, International Chamber of Shipping, Bloomberg, Bloomberg Radio, Baltimore, Maritime, Port Authority, Synergy Marine, Baltimore Fire Department, US Coast Guard Locations: Baltimore, Singapore, Baltimore , Maryland, Colombo, Sri Lanka, Maryland, Asia Pacific
☆ Tesla won't sue you for reselling your Cybertruck after all
  + stars: | 2023-11-14 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +2 min
The Tesla Cybertruck will finally hit the market at the end of the month. The trapezoidal truck has garnered controversy since its 2019 reveal. An unusual resale clause appears to have been removed from Tesla's terms and conditions for the forthcoming vehicle. Previously, in a section titled "For Cybertruck Only," Tesla's Motor Vehicle Order Agreement said the company could sue for $50,000 if you sold your Cybertruck within the first year of ownership. AdvertisementThe trapezoidal truck has garnered lots of attention and polarized car enthusiasts since its 2019 reveal.
Persons: Tesla, —, Dan Ives, Elon Musk, Ives Organizations: Service, Bloomberg Radio
☆ AT&T tells 60,000 managers to return to office, forcing thousands to relocate or quit
  + stars: | 2023-06-17 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +2 min
About 60,000 AT&T managers are being told to return to the office by September. However, the mandate says workers must return to just nine locations, leaving an estimated 9,000 employees with the decision to quit or relocate. Bloomberg reported that the telecom giant is mandating a return to offices starting in September after three years of many employees working remotely. "If they want to be a part of building a great culture and environment they'll come along on these adjustments and changes,"Stankey told Bloomberg. "We've been reconfiguring our workforce for a very long time," Stankey told Bloomberg.
Persons: —, John Stankey, Stankey, We've Organizations: Service, Bloomberg, Dallas, Bloomberg Radio Locations: Los Angeles, San Ramon , CA, Seattle, St, Louis, Washington ; Middletown , NJ, Bedminster , NJ, Atlanta
☆ A top 1% performing fund manager explains why history proves the S&P 500 will fall another 30% in the next 3-to-9 months — and shares 11 compelling stocks to buy in 2023 that will power through a rece
  + stars: | 2022-12-21 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +6 min
He foresees the S&P 500 falling another 30% and bottoming within the next three to nine months. Abate shared 11 compelling stocks to buy to mitigate looming recessionary risks. But with the looming threat of a recession, Abate believes that the days of big contrarian trade ideas are now behind us. Especially "idiosyncratic stocks that have kind of already felt the pain of a downturn, so even if a recession happens, their backlogs can get them through recessionary conditions." Two biotechnology names Abate noted as standout idiosyncratic ideas are Biogen (BIIB) and Gilead (GILD).
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