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☆ Jon Stewart Slams How the News Media Is Covering Trump’s Trial
▼ + stars: | 2024-04-23 | by ( Trish Bendix | ) www.nytimes.com time to read: +1 min

“He arrived at the intersection of American history, where he put a quarter in the parking meter of destiny, leaving the car, looking to avoid stepping in the urine puddle of jurisprudence.” — JON STEWART, mocking the media’s coverage of Trump’s arrival in court“Seriously, are we going to follow this guy to court every [expletive] day? If the media tries to make us feel like the most mundane [expletive] is earth-shattering, we won’t believe you when it’s really interesting. It’s your classic ‘Boy Who Cried Wolf Blitzer.’” — JON STEWART“Look, we've got a long ways to go here. It’s the first day of the first of his 438 trials to come. Pace yourselves, and if you’re bored, you can always start planning how you’re going to [expletive] up covering his next trial and the sober mea culpa you’ll deliver during his next term as president.” — JON STEWART

Persons: ” — JON STEWART, — JON STEWART “, you’re, Donald Trump, ” — JON STEWART “, we've, you’ll

Meanwhile, Wells Fargo called for 20% upside for Meta Platforms and raised one of its estimates for the company's ad sales. Despite those positive trends, the new price target from KBW is still below the stock's closing level on Tuesday of $245.84. — Jesse Pound 5:53 a.m.: Redburn Atlantic upgrades UPS UPS could be in for strong gains after a slow start to the year, according to Redburn Atlantic. Analyst Oliver Holmes upgraded the package delivery giant to buy, raising its price target to $180. "We believe UPS is at, or close to, trough revenue, volume, margin and share price levels," Holmes wrote to clients.

Persons: Wells, Tesla, Gary Mobley, Wolfspeed, Mobley, Wells Fargo, — Jesse Pound, Ronald Jewsikow, Guggenheim, Jewsikow, Richard Shane, Shane, Coinbase, Keefe, Kyle Voigt, Voigt, Ken Gawrelski, Gawrelski, Oliver Holmes, Holmes, Fred Imbert, ~ ~ . Organizations: CNBC, Wednesday, UPS, Hyundai, Guggenheim, JPMorgan, ADV, SEC, Meta, Wall, ~$ Locations: Wells Fargo, 4Q23 ., Tuesday's

Such legislation would make Pennsylvania the first major fossil fuel-producing state to adopt a carbon-pricing program. Shapiro's proposal comes as environmentalists are pressuring him to do more to fight climate change in the nation’s No. 2 gas-producing state and as the state's highest court considers a challenge to his predecessor's plan to adopt a carbon-pricing program. Currently, about 60% of the state's electricity comes from natural gas-fired power plants, and the 50% requirement could hurt demand for electricity from those plants. Shapiro’s administration did not provide many details of his strategy Wednesday, including how much money power plants would pay or how the average household electric bill would be affected.

Persons: Josh Shapiro, Shapiro, ” Shapiro, “, Joe Pittman, Shapiro’s, Patrick Cicero, “ it’s, ” Cicero, That’s, Dave Callahan, Shapiro's, Alex Bomstein, Tom Wolf, “ I’m, ___ Levy, Marc Levy Organizations: —, Pennsylvania Manufacturers ’ Association, Pennsylvania Coal Alliance, Marcellus Shale Coalition, Clean Air Council, Greenhouse Gas Initiative, Greenhouse Gas Locations: SCRANTON, Pa, — Pennsylvania, Pennsylvania, Scranton, Indiana, Marcellus, Harrisburg , Pennsylvania

☆ TikTok employees feel 'numb' to latest political attacks in Washington
▼ + stars: | 2024-03-13 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

They, along with the other TikTok and ByteDance employees in this story, spoke on the condition of anonymity. Even if the House's "Protecting Americans from Foreign Adversary Controlled Applications Act" is signed into law, TikTok employees have good reason to believe it won't stick. For current TikTok and ByteDance employees, it's become increasingly difficult to understand which threats are real and which are political bluster. "For my team, we're so busy we don't really think about it," a third staffer told BI when asked about the House bill. "If they do ban TikTok, I can imagine Congress' approval rating dropping even more," they said.

Persons: Trump, haven't, ByteDance, I've, TikTok, it's Organizations: Business, Foreign Locations: China, TikTok, Montana

House Speaker Mike Johnson has known, as so many of us have, that the Mayorkas impeachment was doomed to fail from the start. But at its core, impeachment is a political process, not a legal one. Over the past year, Congress’ use of impeachment has gone from merely political to politically gratuitous. House Republicans opened an impeachment inquiry into President Biden himself last year over only the murkiest of corruption charges. The Mayorkas impeachment is, in essence, about policy disagreements that Republicans would like to air to the public in an election year.

Persons: Alejandro Mayorkas, Mayorkas, Mike Johnson, we’ve, Tyler Hughes, Gregory Koger, Barack Obama’s, – Obama, Donald Trump, Impeaching Mayorkas, Bill Clinton, Trump’s, Biden, Trump Organizations: U.S . House, Homeland, Republicans, Democrat, Louisiana Republican, White House, California State University – Northridge, University of Miami, Biden, it’s, Trump Locations: Louisiana, Ukraine, Israel

☆ Obama shared his vision of America at his first inauguration. Some still believe
▼ + stars: | 2024-01-20 | by ( John Blake | ) edition.cnn.com time to read: +18 min

It went across all visual types.”Elizabeth Alexander recites a poem during President Obama's swearing-in ceremonies at the US Capitol on January 20, 2009. She had grown up in DC, and that inauguration day was a homecoming for her. “I’m sure that some people expected too much,” says Wear, the former Obama campaign worker, of Obama’s vision. The fact of the matter is, that (inauguration) day happened, and millions of people were there. We will have a better idea on another inauguration day — in January of 2025.

Persons: Elizabeth Alexander, Barack Hussein Obama, Alexander, ” Alexander, Muhammad Ali, Aretha Franklin, Elie Wiesel, John Lewis, Colin Powell, ”, “, …, Obama's, Ron Edmonds, Obama, Obama’s, Martin Luther King Jr, Donald Trump’s, —, Trump's, Joe Biden, Jon Cherry, Ed Wolf, Wolf, Barack Hussein Obama —, Barack Obama, Alex Wong, ‘ Hussein, “ Wolf, Clifford L, Alexander Jr, George W, Bush, Laura, Michelle, Tannen Maury, Ronald Reagan, Trump, ” Vivek Ramaswamy, Donald Trump, Alexi J . Rosenfeld, Thomas Sowell, speck, it’s, Shepard, Robert Daemmrich, ” Obama, Michael Wear, John McCain, McCain, ” McCain, we’ve, Mandel Ngan, ” Trump, Nehisi Coates, Coates, Hope ’, ” Coates, ’, didn’t, ” Wolf, Emmanuel Dunand, “ We’re, hasn’t, Obama — we’re, Rebecca Solnit, John Blake Organizations: CNN, Yale University, Capitol, AP, Confederate, Trump, Rochester Institute of Technology, Metro, Washington, Army, Getty, United, White, Whites, GOP, Republican, Obama, Democratic, Mellon Foundation Locations: Washington ,, America, Russia, Japan, Kenya, American, New York, United States, AFP, Kansas, New York City, Balkans, Minnesota, Arizona, Washington, San Francisco, Michigan, Norfolk , Virginia, Hope

☆ A guide to the most important characters in Sarah J. Maas' 'Crescent City' series
▼ + stars: | 2024-01-17 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +15 min

The "Crescent City" series has a massive cast of characters that can be hard to keep track of. On January 30, Sarah J. Maas will release "House of Flame and Shadow," the third book in her best-selling "Crescent City" series. "Crescent City" has a huge cast of characters, most of which are magical creatures referred to as Vanir. To help prepare you for the third book, Business Insider created a guide to some of the most important characters in the "Crescent City" universe. AdvertisementThe rest of this article contains major spoilers for the "Crescent City" and "A Court of Thorns and Roses" series.

Persons: Sarah J, Maas, —, Bryce Quinlan, Hunt Athalar, Ruhn Danaan, Bryce, Ember Quinlan, Randall Silago, Einar Danaan, Einar, Prince, Ruhn, Danika Fendyr, Orion, Hunt, Bryce's, Danika, Sofie Renast, Baxian Argos, Baxian, Asteri, Connor Holstrom, Bryce ., Archangel Micah, Connor, Luna's Horn, Micah, Declan Emmet, Tristan Flynn, Declan, Flynn, Fury, Juniper, Holstrom, Tharion, Sofie Renast's, Emile, Sabine Fendyr, Ithan, Sabine, Lidia Cervos, Hypaxia Enador, Enador, Celestina, Crescent, Lidia, Sandriel, Pollux Antonius, It's, Hel, Aidas, they're, Rigelus, Bryce doesn't, Feyre Archeron, Nesta, Amren, Cassian, Rhysand, Teller, Gwydion Organizations: Service, Business, 33rd Legion, Alpha, Bloomsbury, of, Sirius, Court, Wings Locations: Lunathion, Crescent, Bloomsbury, Midgard, Crescent City, Valbara, Hel, Ruhn, Nesta

☆ Kieran Culkin and his wife Jazz Charton have 2 children. Here's what you need to know about the 'Succession' star's family.
▼ + stars: | 2024-01-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +8 min

Read preview"Succession" star Kieran Culkin asked his wife, Jazz Charton, for more children following his first Emmy win on Monday night. Jazz Charton met Kieran Culkin in 2012 after an "impulsive" move to New York City. Kieran Culkin and Jazz Charton at the season 4 premiere of "Succession." Kieran Culkin and Jazz Charton attend the 29th Annual Critics Choice Awards at Barker Hangar on January 14, 2024, in Santa Monica, California. In April 2022, Charton wrote in one post that she got a tattoo based on one of her daughter's drawings.

Persons: —, Kieran Culkin, Roman Roy, Culkin, — Kinsey, Wilder Wolf, Charton, Jazz Charton, Matt Sayles, Invision, Coco Charton, We've, Charton's, Kinsey, Steve Granitz, Instagram, Nina Westervelt, Kinsey Sioux, Zissou, I've, we've, Kieran, Emma McIntyre, Wolf, The Beverly Hilton, Bauer, Griffin, Taika Waiti, I'd Organizations: Service, Business, Jazz, Warner Bros, Beverly Hilton Hotel, King's College, Hollywood, Globe, Golden Globe, Barker, Choice, The Beverly, Axelle Locations: New York City, Beverly Hills , California, London, Iowa, Santa Monica , California, Instagram

MADISON, Wis. (AP) — Animal welfare advocates filed a lawsuit Wednesday seeking to invalidate Wisconsin's new wolf management plan, accusing state wildlife officials of violating the state's open meetings law and disregarding comments from wolf researchers and supporters. The Great Lakes Wildlife Alliance, also known as Friends of the Wisconsin Wolf and Wildlife, filed the latest lawsuit in Dane County Circuit Court. The organization describes itself as a statewide group of hunters, farmers, politicians, business owners and animal welfare advocates who support science-based conservation. Adam Payne, the department secretary at the time, announced revisions were coming after the February talks with the organizations that favor further limiting the wolf population. The Department of Natural Resources adopted a wolf management plan in 1999 that called for capping the population at 350 wolves.

Persons: Adam Payne, Molly Meister Organizations: Farmers, Lakes Wildlife Alliance, Wisconsin Wolf, Wildlife, Dane County Circuit Court, of Natural Resources, Wisconsin Wildlife Federation, Wisconsin Association of Sporting Dogs, Natural Resources, DNR Locations: MADISON, Wis, Wisconsin, Dane County

☆ 9 passenger airliners that have landed on Antarctica's rugged runways made out of blue ice
▼ + stars: | 2023-11-22 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

These planes land on rugged, unpaved runways mostly made of blue ice and compacted snow. PrivatAir's Boeing 737 and Smartwings' Boeing 737 MAXA Smartwings 737 MAX on Antarctica in January 2022. It was the first time the jet type landed on one of the continent's blue ice runways. Another Loftleider 757 is set to ferry Antarctic Ice Marathon runners to Union Glacier this December. Loftleider Icelandic Airlines' and Titan Airways Boeing 767Titan Airways' Boeing 767 on Antarctica.

Persons: —, George Hubert Wilkins, Glenn Jacobson, PrivatAir, NPI, Tim Hewette, Troll, Fang, Patrick Woodhead Organizations: Atlantic Airways, Boeing, Service, Lockheed Vega, Airbus, Australian Antarctic, Australian, Skytraders, Australian Antarctic Program, McMurdo, AAP, Norwegian Polar Institute, Swiss, NPI, Boeing's, Airlines, Titan Airways, Antarctic Logistics, Expeditions, Antarctic Logistics & Expeditions, Antarctic Ice, Russian Antarctic, Titan Airways Boeing, Norse Atlantic Airways, Emirates, White Desert Locations: Antarctica, Skytraders, Christchurch , New Zealand, Hobart, Australia's, Tasmania, Cape Town , South Africa, Czech, Chile, Russian, NPI, Norway, Cape Town, Russia's

☆ House Judiciary GOP subpoenas assistant US attorney involved in Hunter Biden probe
▼ + stars: | 2023-11-21 | by ( Annie Grayer | ) edition.cnn.com time to read: +2 min

CNN —The House Judiciary Committee has subpoenaed an assistant US attorney on the Hunter Biden criminal case, according to a copy of the subpoena reviewed by CNN. House Judiciary Chairman Jim Jordan initially requested testimony from Assistant US Attorney Lesley Wolf in June along with a number of Justice Department officials involved in the Hunter Biden criminal investigation. The Department of Justice has made six high-level officials, including special counsel David Weiss, available to testify, but has not allowed the panel to interview Wolf. In the subpoena letter, Jordan called the DOJ’s reasons for withholding Wolf’s testimony “unpersuasive.” DOJ declined to comment to CNN on the subpoena. During his closed-door interview with Congress earlier this month, Weiss defended Wolf.

Persons: Hunter Biden, Jim Jordan, Lesley Wolf, David Weiss, Wolf, Jordan, “ unpersuasive, Weiss, ” Weiss, ”, Joe Biden, Biden, ” Jordan, CNN’s Holmes Lybrand Organizations: CNN, Department, of Justice, Internal Revenue Service, Republicans

Biden sought to kickstart SAF production with a $1.25 per gallon production tax credit in the IRA. To be eligible for the credit, SAF producers must demonstrate their fuel is 50% lower in emissions than conventional jet fuel. The DOE spokesperson confirmed that ethanol producers must cut emissions of they want a long-term role in SAF production. Still, ethanol producers need carbon pipelines because many ethanol plants are not near geologically appropriate underground storage sites. Other options for reducing ethanol's carbon intensity include using renewable energy at ethanol plants, or climate-friendly farming practices for corn.

Persons: Tom Mihalek, Valero, Joe Biden's, Homer Bhullar, Biden, MARK, Barry Glickman, Nikita Pavlenko, Pavlenko, Leah Douglas, Laura Sanicola, David Gregorio Our Organizations: Eco Energy, REUTERS, Rights, SAF, U.S, Carbon Solutions, Valero Energy, U.S . Department of Energy, DOE, Honeywell, Biofuels, Growth Energy, Navigator, CCS, International Council, Clean Transportation, Thomson Locations: Philadelphia , Pennsylvania, U.S, Omaha, Iowa, Denver, Maine, North Dakota, South Dakota, Wolf's, Illinois

☆ Two chip stocks are surging this week. Options traders bet one will keep going and one will falter
▼ + stars: | 2023-11-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Two of the semiconductor stocks that reported this week saw some big post-earnings moves and substantially above-average options trading activity. Among the biggest winners were Wolfspeed Inc. (WOLF) and Advanced Micro Devices Inc. (AMD) . AMD WOLF 5D mountain AMD vs Wolfspeed, 5 days Are options markets aligned with these spikes or fading them using them as opportunities to initiate new bearish positions? Betting against Wolfspeed Wolfspeed popped sharply after a modest topline beat. Betting on AMD Unlike WOLF, AMD was up over 50% year-to-date going into the print so the pop wasn't a short-covering rally.

Persons: Wolfspeed, Roth MKM, Canaccord Genuity, Morgan Stanley Organizations: Wolfspeed Inc, Devices Inc, AMD, Carbide, JPMorgan, Citi, Deutsche Bank, WOLF, Management, Nvidia, supercomputing

☆ Florida hearing may determine if Trump’s Mar-a-Lago documents trial is delayed until after election
▼ + stars: | 2023-11-01 | by ( Katelyn | ) edition.cnn.com time to read: +3 min

Trump’s lawyers have repeatedly complained to the judge in the Mar-a-Lago criminal document-mishandling case that they haven’t had proper access to classified evidence in the case as they prepare for a trial next May. Cannon, a Trump appointee, has so far given Trump’s team some of the leeway they’ve asked for in the documents investigation. The defense teams have access to more than 1 million pages of information in the case, according to court filings. In a filing last week, prosecutors told the judge Trump’s team has cried wolf about their access to evidence in the case, including classified records. Trump’s legal team has been reviewing and discussing classified evidence in Miami, most recently on Tuesday, when the former president joined his lawyers in the SCIF during the afternoon, according to a source familiar with the matter.

Persons: Donald Trump, Aileen Cannon, Cannon, ” “, Jack Smith, Trump’s, Walt Nauta, Carlos De Oliveira, Trump, Department’s “, it’s, De Oliveira, They’ve Organizations: Pierce , Florida CNN, Trump, Nauta Locations: Pierce , Florida, Florida, Ft . Pierce , Florida, United States, Miami

The Tacoma-based Point Defiance Zoo is conducting dental exams and teeth-cleaning in its managed care program. The fittingly named vet is helping bolster a population of only 270 red wolves known to exist, mostly in managed care or zoos. The animals in managed care tend to live longer than free-ranging red wolves, in part because they have annual exams and dental hygiene. The rare red wolves once ranged from New York to Texas, but by the late 1960s to 1970s a once thriving population was decimated. Three of those released came from the Point Defiance Zoo program, including a pup born April 13.

Persons: Karen Wolf, Wolf, Natalie Davis, Matt McKnight, Daniel Trotta, Diane Craft Organizations: U.S, Fish & Wildlife Service, Association of Zoos, Aquariums, Defiance, Thomson Locations: Washington, United States, Tacoma, Defiance, North Carolina, Seattle, New York, Texas, U.S

☆ Cramer on 5 risks facing markets — and why it's not the 'most dangerous time'
▼ + stars: | 2023-10-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

It is, however, by all appearances not a great time to be long stocks. But before that could happen, the markets would fall in response to Iran's actions and the U.S. commitment to defend Israel. All three enemies — Iran, Russia and China — are, indeed, being challenged by the U.S. in some capacity. But is it really too much to argue that multiple compression is not on par with "the most dangerous" of times? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jamie Dimon, JPMorgan Chase, Ben Bernanke, Bernanke, I, Hamas, —, hasn't, bearish parry, Jingoism, Jerome Powell, Janet Yellen, infuses, Powell, We've, Jim Cramer's, Jim Cramer, Jim, Emily Elconin Organizations: JPMorgan, CBS, Israel, Fed, U.S ., Houston Astros, Jim Cramer's Charitable, CNBC, JPMorgan Chase &, Economic, of Detroit, Bloomberg, Getty Locations: Republic, Iran, Russia, China, Gaza, Israel, what's, U.S, East, Ukraine, Taiwan, Detroit , Michigan

WAKE FOREST, N.C. (AP) — The endangered red wolf can survive in the wild, but only with “significant additional management intervention,” according to a long-awaited population viability analysis released Friday. It calls for spending nearly $328 million over the next 50 years to get the red wolf off the endangered species list. The red wolf once roamed from central Texas to southern Iowa and as far east as Long Island, New York. “We have not yet identified locations for establishing new Red Wolf populations,” the report said. But the viability study cautioned that such releases be done very carefully, so as not to reduce the genetic diversity within the captive-bred population.

Persons: “, rufus ” —, Red Wolf, Parks Shannon Estenoz, Wolf, ”, Ramona McGee Organizations: Fish, Wildlife Service, Wildlife, Parks, Texas -, Southern Environmental Law Locations: N.C, U.S, United States, Fish, North Carolina, Texas, Iowa, Long, , New York, Texas - Louisiana, Smoky

☆ 'I've seen this show before': A renowned market bear who called the dot-com bubble warns a recession is still barreling toward the US economy — and stocks are due to suffer as misguided optimism fuels
▼ + stars: | 2023-07-08 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

There's a fairly simple way to characterize Societe Generale strategist Albert Edwards' latest note to clients. Bears are boys who cried wolf (recession), and investors are the shepherd who have become sick of the ongoing warnings and have stopped heeding their calls. Societe GeneraleAll of this optimism is likely a mistake, Edwards said as he doubled down on his recession call. In an May note, Edwards said "recession is a done deal," citing The Conference Board's Leading Economic Index, which has been at recessionary levels for months now. The indicators takes into account variables like manufacturing activity, stock performance, consumer confidence, housing market activity, and bond market activity.

Persons: Albert Edwards, Edwards, downgrades, —, I'm, Michelle Cluver, Jason Draho, Neil Dutta, Ian Shepherdson Organizations: Societe Generale, Bears, Generale All, Generale, Investors, Bureau of Labor Statistics, X, Federal Reserve, UBS, Macro

☆ It's Wall Street vs Wall Street as the recession debate rages on. Here's what David Rosenberg, Jeff Gundlach and 5 other experts have warned.
▼ + stars: | 2023-06-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

Wall Street experts are butting heads over the health of the economy, and what's to come. David Rosenberg, Rosenberg Research president"Markets pricing in a 'soft landing'? Will they ever be in for a big surprise," the Rosenberg Research chief tweeted. "You look at the United States and it seems to me that we're still making this transition from expansion to recession," Rosenberg said. "We're referring to this phenomenon as a Cardboard Box Recession, because items that are made (manufacturing) and shipped (trade) tend to go in a box.

Persons: David Rosenberg, Jeff Gundlach, Clif Asness, —, Rosenberg, Will, hasn't, we're, Gundlach, Jeffrey Kleintop, Charles Schwab, Kleintop, Goldman Sachs, That's, Jan Hatzius, Hatzius, Jim Reid, David Folkerts, Landau, Reid, Folkerts, Nicholas Colas Organizations: Service, Federal Reserve, Rosenberg Research, DoubleLine Capital, CNBC, Fibre, Association, Deutsche Bank, Deutsche Locations: United States

☆ For G.O.P. Rivals, an Unhappy Task: Defend the Man Dominating Them in the Polls
▼ + stars: | 2023-06-09 | by ( Shane Goldmacher | ) www.nytimes.com time to read: +1 min

In the topsy-turvy world of 2024 Republican politics, rivals of Donald J. Trump had been bracing for weeks for his second indictment with more dread than any sense of opportunity. They snap to Mr. Trump’s defense, no matter how outrageous the charges are or who is making them — Democrats, the news media, local prosecutors or, now, federal ones. Donations surged after Mr. Trump’s first indictment in Manhattan. Even prominent Republicans eager for the party to cast aside Mr. Trump in 2024 were concerned ahead of the indictment. They have long been exasperated by the immunity of Mr. Trump’s base to almost any attack or argument, swarming to neutralize any perceived political threat almost by habit.

Persons: Donald J, Trump, Trump’s, Chris Sununu Organizations: Republican Locations: Manhattan, New Hampshire

☆ Premarket stocks: Wall Street is strangely calm about the debt ceiling. That could change this month
▼ + stars: | 2023-05-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Dire warnings about the economic chaos and catastrophe that will ensue if the US debt ceiling isn’t lifted soon abound. The debt ceiling crisis of 2011 caused Standard and Poor’s to downgrade US debt for the first time in history. Schwenkler says to expect “a lot more volatility” if debt ceiling issues don’t appear resolved by the last week of the month. By contrast, recovery from a debt-default crisis would likely start the day Congress, belatedly, suspended the debt ceiling,” he added. “A misstep over the debt ceiling would subject businesses and consumers to an economic shockwave,” he added.

☆ Analysis: How to characterize the American economy — from broken to just bizarre
▼ + stars: | 2023-05-09 | by ( Christine Romans | ) edition.cnn.com time to read: +4 min

New York CNN —The US economy is going from broken to bizarre. Covid crashed the American economy three years ago with no playbook for the wild recovery that would follow. And yet, the US economy today is growing, the job market is strong, and the consumer is still spending. The economy has added an astonishing 1.2 million jobs this year and the jobless rate matches the lowest since 1969. Goldman Sachs pegs recession odds at 35% and Fed Chair Jerome Powell last week said the economy could still skirt a recession.

☆ Facial Recognition Powers ‘Automated Apartheid’ in Israel, Report Says
▼ + stars: | 2023-05-01 | by ( Adam Satariano | Paul Mozur | ) www.nytimes.com time to read: +1 min

Israel is increasingly relying on facial recognition in the occupied West Bank to track Palestinians and restrict their passage through key checkpoints, according to a new report, a sign of how artificial-intelligence-powered surveillance can be used against an ethnic group. At high-fenced checkpoints in Hebron, Palestinians stand in front of facial recognition cameras before being allowed to cross. When the technology fails to identify someone, soldiers train the system by adding their personal information to the database. Israel has long restricted the freedom of movement of Palestinians, but technological advances are giving the authorities powerful new tools. Amnesty called the process “automated apartheid.” Israel has strongly denied that it operates an apartheid regime.

Bosch said it plans to invest $1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026. Bosch said the TSI facility would become the "third pillar" of in-house semiconductor production, along with two sites in Germany. The silicon carbide chips Bosch said it will manufacture at the TSI Roseville site are increasingly in demand by electric vehicle manufacturers. U.S-based Wolfspeed Inc (WOLF.N) is building new plants to make silicon carbide chips in New York State and in Germany. Bosch plans to acquire the buildings, machines and infrastructure of TSI as well as well as its commercial semiconductor business.

"The Tesla bull case has centered around the company's growth goals, which it is failing to meet." Tesla's stock is trading at about 43 times expected earnings, down from astronomical levels above 200 times in 2021, according to Refinitiv data. Tesla on Wednesday doubled down on the price war it started at the end of last year, as Musk said the company would prioritize sales growth ahead of profit. In the first quarter, Tesla posted its lowest quarterly gross profit margin in two years. You're investing in Elon Musk," said Kim Forrest, chief investment officer of Bokeh Capital Partners.

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