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"Big Short" investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla's focus on Robotaxis and AI is a distraction from its "falling apart" core business, he told CNBC. AdvertisementTesla's stock is cruising toward a steep correction, and will see a drop-off that even new tech initiatives can't steer around, investor Danny Moses told CNBC. The Moses Ventures founder revealed a Tesla short last year, sparked by a frustration over CEO Elon Musk's purchase of X, formerly Twitter. While Moses holds Tesla as his primary short, he touted a separate autonomous driving firm called Wayve.
Persons: Danny Moses, Moses, , Tesla, Elon Musk's, Bill Gates Organizations: CNBC, DOJ, Service, Moses Ventures, Elon, Department of Justice, Nvidia
He moved from Houston, Texas, to Tulsa, Oklahoma, in 2021 as part of the latter's incentive program to entice more remote workers. My wife found a program called Tulsa Remote, which is a $10,000 stipend to bring remote workers to the city. AdvertisementI saw the acceptance rate for the Tulsa Remote program was low, but I figured we had nothing to lose. I went through the interview process and got acceptedThe Tulsa Remote program wanted people who wanted to be a part of Tulsa's community. AdvertisementThe entrepreneurial community in Tulsa is greatTulsa Remote helped set me up with the connections to start my company.
Persons: , Jhonathan Vazquez, I'm, Chandler, We're, We've, we've Organizations: Service, Titan, Business, Tulsa, Tulsa Remote, Jhonathan Vazquez Tulsa Locations: Houston , Texas, Tulsa , Oklahoma, USA, Houston, Tulsa, Everything's, Dallas, Mexico
Jhonathan Vazquez moved from Houston to Tulsa, Oklahoma, in 2021. My wife found a program called Tulsa Remote, which is a $10,000 stipend to bring remote workers to the city. AdvertisementI saw the acceptance rate for the Tulsa Remote program was low, but I figured we had nothing to lose. The Tulsa Remote program wanted people who wanted to be a part of Tulsa's community. Tulsa Remote helped set me up with the connections to start my company.
Persons: Jhonathan Vazquez, Vazquez, he's, , I'm, Chandler, We're, We've, we've Organizations: Service, Titan, Tulsa, Tulsa Remote, Jhonathan Vazquez Tulsa Locations: Houston, Tulsa , Oklahoma, Houston , Texas, USA, Tulsa, Everything's, Dallas, Mexico
China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.
Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally in Grand Rapids, Michigan, U.S., April 2, 2024. Former President Donald Trump on Wednesday wouldn't commit to accepting the 2024 presidential election results — echoing comments he made during the 2020 election campaign. The presumptive Republican presidential nominee also repeated his false claim that he beat Joe Biden in Wisconsin in the 2020 election. At a CNN town hall event last year, Trump also refused to commit to accepting the results. "We're way ahead," Trump said before repeating his baseless claims that the 2020 election was stolen.
Persons: Donald Trump, Trump, Joe Biden, Biden Organizations: Milwaukee Journal Sentinel, Journal Sentinel, CNN, Republican National Committee, RNC Locations: Grand Rapids , Michigan, U.S, Wisconsin, Freehand , Michigan
Meta CEO Mark Zuckerberg will very likely end up the ultimate winner in the most recent push to force a sale or ban of Chinese-owned TikTok. The House passed a TikTok "ban" or forced sale as part of a bill on military aid for Ukraine and Israel. A year ago, BI's Grace Kay wrote that TikTok legislation would be like "an early Christmas present" for Zuckerberg. Instagram had more growth and downloads last year than TikTok, and after Instagram faced an existential crisis, it's having a surprising comeback.) If ByteDance ends up selling TikTok to a US company, it's hard to imagine it will be a smooth transition.
Persons: , Zuck —, Mark Zuckerberg, Joe Biden, it'll, Zuckerberg's Meta, BI's Grace Kay, Zuckerberg, Instagram, Adam Mosseri, TikTok, there's, ByteDance, Steven Mnuchin Organizations: Service, Business, Zuckerberg's, Meta, YouTube, Big Tech Locations: Ukraine, Israel
But Walmart, Target, and other chains's own policies and practices could be worsening the problem. From conflicting policies to understaffing, retailers can make it hard for workers to prevent theft. That's because major retailers, including Walmart, Target, and others, have policies that sometimes prevent their own staff from addressing shoplifting at their stores, current and former employees told Business Insider. Among the report's recommendations for retailers: Hire enough employees at stores, and make sure they aren't constantly overworked. Do you work at Walmart, Target, or another major retailer and have a story idea to share?
Persons: , Rhea Gordon, Gordon, Lululemon, Calvin McDonald, Santino Burrola, Thea Sebastian, Hanna Love, Sebastian, Love, everything's Organizations: Walmart, Target, Service, Business, BI, CNBC, company's, Futures Institute, Brookings Locations: North Carolina, Colorado, California, Montana
Mickey Todiwala. "I'm just a homebody that wants to stay at home all day to play with my cats and plants," Wai says. Mickey Todiwala. Mickey Todiwala. Mickey Todiwala.
Persons: Vionna Wai, Chucky Hui, millennials, Hui, Ding, Wai, Mickey Todiwala, I've Organizations: CNBC, Florida Beauty Locations: Bensonhurst , Brooklyn, U.S, Florida
U.S. considers easing warnings for Americans traveling to China
  + stars: | 2024-04-10 | by ( ) www.cnbc.com   time to read: +2 min
The U.S. and China flags are seen at the People's Bank of China prior to the arrival of U.S. Treasury Secretary Janet Yellen in Beijing on April 8, 2024. Pedro Pardo | AFP | Getty ImagesThe U.S. is considering easing advisories against its citizens traveling to China, Deputy Secretary of State Kurt Campbell said on Tuesday, acknowledging concerns that the warnings may have curtailed exchanges between Americans and Chinese people. The State Department has periodically issued tiered warnings for Americans traveling to China, calling on them to reconsider visits or exercise increased caution due to risks of "arbitrary enforcement of local laws," exit bans and wrongful detentions. Despite China's warnings, hundreds of thousands of Chinese students study in the United States compared with only a few hundred Americans in China. "We have told China directly if this continues, it will have an impact on the U.S.-China relationship.
Persons: Janet Yellen, Pedro Pardo, Kurt Campbell, Campbell Organizations: U.S, People's Bank of, Treasury, AFP, Getty, China Relations, State Department, . Locations: China, People's Bank of China, U.S, Beijing, Washington, Ukraine, United States, Moscow
If the Federal Reserve follows through on plans to lower interest rates it could lead to a stock market bubble, in the view of Neuberger Berman portfolio manager Steve Eisman. The central bank last month penciled in three potential quarter percentage point rate cuts by the end of 2023, along with multiple other cuts coming in future years. I personally think there should be no Fed cuts this year," he said during an interview on CNBC's " Squawk Box ." My actual fear is that if the Fed were actually to cut rates, the market becomes bubblicious and then we have a real problem. Markets in fact have grown nervous this week as hopes have waned for rate cuts.
Persons: Neuberger Berman, Steve Eisman, Jerome Powell, Eisman, Powell Organizations: Federal, Institute for Supply Management, Stanford Business, Government, Society, Labor Department, Fed
They are flying cars, they're flying cars,Tom Chitty: These vehicles aren't necessarily actually cars with wheels, either, because I know that you've done you've got a program coming up soon about eVTOL. And the idea is there's going to be a fleet of these run by an operator. You've alluded to this feature program we've got coming out looking at the future of these, these flying cars, basically in these eVTOLs. And also, we can't finish this episode about flying cars and eVTOLs without talking about Chitty Chitty Bang Bang, the OG. Yeah, no, that's, that's very surprising.
Persons: Tom Chitty, Arjun Kharpal, who's, I've, we've, We've, I'm, they'd, I'd, there's, Arjun, that's, we're, you've, there'll, they're, You've, Kharpal, it's, you'll, They've, Morgan Stanley, someone's, What's, they've, They're, Big Ben, Chitty Chitty Bang Bang, Chitty Bang Bang, Tom, We'll Organizations: JPMorgan, CNBC, Mar, Airbus, Archer Aviation, Joby, Infrastructure, Boeing, Heathrow Airport, Civil Aviation Administration, U.S . Federal Aviation Administration, FAA, Autonomy, London, Transport Locations: Spain, China, Europe, Munich, Germany, beyondthevalley@cnbc.com, London, Chinese, Guangzhou, Birmingham, U.S, Manchester, it's, eVTOLs, Battersea, Heathrow
And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?
Persons: , Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, , Monaco Yacht Locations: Russian, superyachting
Jarrell Chalmers and his partner, Jose Diaz, moved to Puerto Rico to escape high rents in Jersey City. AdvertisementThis as-told-to essay is based on a conversation with Jarrell Chalmers, a 31-year-old marketing consultant in San Juan, Puerto Rico. Rent is cheaper, but groceries are more expensiveHouses in Old San Juan, Puerto Rico. We've also been posting content on how to get remote jobs in Puerto Rico for Puerto Ricans. Things move slowly because people in Puerto Rico live in the moment, and that's what we love about it.
Persons: Jarrell Chalmers, Jose Diaz, , We're, San Juan —, Oscar Gutierrez, we've, We've Organizations: Service, Jersey City Jersey City, Puerto Ricans, Getty, Costco, Planeta, Cafe Locations: Puerto Rico, Jersey City, San Juan , Puerto Rico, Hartford , Connecticut, Puerto Rican, San Juan, Spanish, Jersey City Jersey, Puerto, New Jersey, Old San Juan , Puerto Rico, Farmers, Florida, States
Apple's having a rough year
  + stars: | 2024-03-24 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com   time to read: +4 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Justin Sullivan/Getty Images; Jenny Chang-Rodriguez/BIThis week's dispatchTaking a bite out of AppleApple's having a rough year. Apple is to blame for Amazon and Microsoft's phone failures, per the DOJ, which also zeroes in on Apple's green text bubbles. It was a tech antitrust lawsuit more than two decades ago that helped create space for Apple's rise.
Persons: , Justin Sullivan, Jenny Chang, Rodriguez, Tim Cook, Steve Jobs, Apple, Rebecca Zisser, Frazer Harrison, Tyler Le, Goldman Sachs, David Solomon, Patrick Semansky Goldman, Russell Horwitz, Al Schwimmer, Frank Sinatra, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Apple, Department of Justice, DOJ, Amazon, FTC, Getty, Google, BI, David Solomon AP Locations: China, Palestine, New York
It turns out, that includes how far a $100,000 salary will get you, according to a recent SmartAsset study. A six-figure income offers the most purchasing power in El Paso, Texas, the study found. In El Paso, a $100,000 salary amounts to around $88,840 after taking out those expenses. One factor potentially fueling the Lone Star State's dominance is its tax friendliness, since Texas does not collect state income taxes. However, residents still pay federal income taxes and face some of the highest property taxes in the country.
Persons: Zers —, Organizations: Council for Community, Economic Research, Census, Christi, Houston, Star Locations: Texas, U.S, El Paso , Texas, El Paso, Mexico, RentCafe, San Antonio, Lubbock
Susan Niebergall worked out for decades but didn't lose fat until she addressed her nutrition. All I knew was that I wasn't eating much, I was hungry, and I had no idea how to maintain it." "I didn't track anything, I just started eating smaller portions. A little while after, Niebergall started to track calories and protein, which helped her learn how much she should be eating. Niebergall doesn't track her food intake anymore, but she's still focused on her performance goals.
Persons: Susan Niebergall, it's, , Susan Niebergall couldn't, Niebergall, she's, she'd, I'm, Jordan Syatt, Syatt, It's Organizations: Service, Mayo Clinic, Research, Syatt's
As an instructor of psychology at Harvard Medical School and a therapist who treats anxiety and depression, I've encountered plenty of people who exhibit these and other signs of toxic productivity. What is toxic productivity? Productivity becomes toxic when you feel pressure to be productive at all times and prioritize your perpetual to-do list at the expense of your well-being. Here are five signs you've fallen into the toxic productivity trap — and what to do about it:1. For example, I might say, "Natalie, you're doing great today!"
Persons: he's, I've, Natalie Organizations: Harvard Medical School
Read previewThe Stallone family permanently moved from California to Florida in "The Family Stallone" season two — putting them in the same boat as many less famous Americans. The Stallone family already have an estate in Palm Beach, which they first visited in "The Family Stallone" season one episode three. AdvertisementJennifer Flavin Stallone, Sistine Stallone, Sylvester Stallone, Sophia Stallone, and Scarlet Stallone at the premiere of "The Family Stallone" in May 2023 in New York City. In the season two premiere, Sylvester Stallone is initially reluctant to leave California because he has lived there since 1973. But Sylvester Stallone eventually accepts his wife's request.
Persons: , Stallone, Sylvester Stallone, Jennifer Flavin, Frank Stallone, Sophia, Sistine, Scarlet Stallone, Flavin, Sylvester Stallone's, Jeff Bezos, Guy Fieri, Sly, Jennifer Flavin Stallone, Sistine Stallone, Sophia Stallone, Dimitrios Kambouris, Jennifer, Jen Organizations: Service, Business, Palm, Palm Beach Daily, Paramount, Census, University of Miami Locations: California, Florida, Palm Beach, Palm Beach , Florida, New York City, New York
Each summer — when we're not homeschooling — the kids help me plan the meals for the next school year. AdvertisementWhile the oven preheats for the nuggets, I have one of my kids help me peel the potatoes. Lisa Tanner for InsiderQuick fish sandwiches made with frozen fish fillets, hamburger buns, and lettuce are usually on rotation for seafood nights. Lisa Tanner for InsiderWhen we need a quick option for sandwich night but are tired of cold sandwiches, meatballs come to the rescue. The kids help me peel potatoes, and we start them in the Instant Pot for 10 minutes on high pressure.
Persons: I've, , we're, We've, Read, Lisa Tanner, Alfredo, Patrick's, It's, it's, everything's Organizations: Service, Costco, Better Locations: St, dinnertime, Beijing
Ned Watson bought a home in Japan that had been abandoned for two years for less than $50,000. The lack of guns and violence is one of the best things about Japan. My house was abandoned for two years, but didn't need much workI've been living in Japan since 2010, and I got this house in late 2019. I could basically live this lifestyle forever for $20,000 a year, which to me is not a lot of money. So really think about the area that the place is in, what type of personal infrastructure you're going to need to live there.
Persons: Ned Watson, Watson, I've, they're, you'll, It's, that's, it's, you've, I'm, Ned — he's Organizations: Tokyo Station Locations: Japan, Shisui, Japan's Chiba Prefecture, Australia, Georgia, America, New York City, Tokyo, Chiba Prefecture, Narita City, Narita, Watson's
She attended 12 Kansas City Chiefs games during the regular season to support her boyfriend, NFL star Travis Kelce, and her fashion choices stole the show each time. Taylor Swift attending an NFL game between the Kansas City Chiefs and the Miami Dolphins. Taylor Swift attends a Kansas City Chiefs game on December 10, 2023. Taylor Swift attends a game between the Kansas City Chiefs and the New England Patriots on December 17, 2023. "There are tons of people who have no idea who we are, and Taylor Swift is the biggest star in the world.
Persons: Taylor Swift, Swift, Travis Kelce, Swifties couldn't, they've, Taylor, Ed Zurga, Chris Harrington, Jamie Squire, Harrington, we've, Emily Bordner, Bordner, Donna Kelce, Patrick Smith, , Emily Bordner Westside, Kathryn Cacho, Danielle Parhizkaran, it's, Kathryn, Misha Wilson, Kelce, Simone Kendle, Erimish, Wilson, Erin Andrews, Daniella Fiala, Samantha Colby, We've, Fiala, Sportico, Kristin Juszczyk, Kyle Juszczyk, Brittany Mahomes, Simone Biles, It's, haven't Organizations: Kansas City Chiefs, Chiefs, Super, NFL, Miami Dolphins, Westside Storey, Kansas City, EB, AFC, Baltimore Ravens, Emily Bordner Westside Storey, New England Patriots, Boston Globe, Getty, Los Angeles Chargers, AFC Championship, San Francisco 49ers, Arrowhead Locations: Kansas City , Missouri, , Kansas, Missouri, Westside
As my vision declined in my right eye, I began to struggle with lights at night, something I was convinced was a sign of a deadly disease — or my impending blindness. I began to consider laser eye surgery as a solutionFor the first time in my life, I began to seriously think about getting laser eye surgery. Despite coming across a few horror stories related to laser eye surgery of botched procedures and rare side effects, I decided to take the plunge. Being nearsighted is a risk factor for floaters, so I've had them for a long time, and unfortunately, laser eye surgery doesn't remove them. Laser eye surgery might not be for everyone.
Persons: Nearsightedness, I've, I'd, It's, there's, who've Organizations: Surgery
In early 2023, YouTuber Lizzy Capri felt trapped in "creator prison." Starting in 2017, Capri became known online as "Lizzy Sharer" (she became "Lizzy Capri" in 2019). In the world of influencers, having a "niche" — specific content geared toward a specific audience — is often praised as an asset. In March 2023, she published a video titled "Goodbye to the old Lizzy..." to announce her content would change. Lizzy CapriThe hard pivot was tough financiallyWhen she pivoted, Capri did it more for herself than for the business.
Persons: Lizzy Capri, she'd, Capri, she's, Lizzy Sharer, OnlyFans, I've, it's, Bryce Adams, Adams Organizations: Business, Mattel, Locations: Capri, OnlyFans, States
Leslie Redmond, 37, moved to Winnipeg, Canada, from Alaska in 2022. There's a really big Ukrainian population and a really big Polish population. So there are a lot of flavors and foods that are really ubiquitous up here that I wouldn't have had in the States. That was the case across Canada — and across the US — but I think that's kind of slowed down a little bit now. I would say Winnipeg is pretty equivalent to Alaska, but Alaska is higher than what you would find in the lower 48.
Persons: Leslie Redmond, , It's, I've, Redmond, I'd, Justin Reitsma, they're, it's Organizations: Service, of Agricultural, Food Sciences, University of Manitoba Locations: Winnipeg, Canada, Alaska, There's, States, North Dakota, Vancouver, Quebec, Yukon, we're, Grand Forks, Target, there's, Manitoba, Redmond, oceanside
WASHINGTON (AP) — A bill to create a bipartisan commission that would tackle the nation’s soaring debt and make policy recommendations to Congress won approval Thursday from a House committee. Many Democrats see the commission as an attempt to force cuts to Social Security and Medicare. The commission would have 16 members: 12 from Congress, evenly divided by party, and four outside experts who would not have voting power. Republicans blame federal spending for the annual deficits while many Democrats cite tax cuts enacted under Republican administrations. Three committee Democrats voted for it, including Rep. Scott Peters, D-Calif., who worked with Rep. Bill Huizenga, R-Mich. in sponsoring the bill.
Persons: “ everything's, Joe Manchin, Mitt Romney, Jodey Arrington, , Arrington, , Brendan Boyle, Mike Johnson, Hakeem Jeffries, ” Johnson, ” Jeffries, Scott Peters, Bill Huizenga, Peters, ” Peters, Becca Balint Organizations: WASHINGTON, Republicans, Social Security, GOP, Republican, Pennsylvania, U.S . Capitol Police, Democrats, Democratic, Locations: R, Utah, Texas, New York
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