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If we really care about solving for antisemitism, and I believe this deeply, it’s not about having gotcha moments. And we’ve got to figure out how do we unpack all of it at the same time. But the ultimate answer for antisemitism is to teach, to expose young people to the Jewish community so that they understand our common humanity. This, this convening for too many people across America in education feels like the ultimate gotcha moment. It doesn’t sound like people are actually trying to solve for something that I believe we should be doing everything we can to solve for.
Persons: it’s, we’ve Locations: America
Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.
Persons: , Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel
Three years ago, a multibillion-dollar investment firm called Archegos Capital Management blew up with little warning, causing big losses for some Wall Street banks and leading to federal criminal charges against the firm’s founder, Bill Hwang. On Wednesday, Mr. Hwang, 60, who was charged with 11 counts of securities fraud, wire fraud, conspiracy, racketeering and market manipulation, is set to go on trial in Manhattan federal court. Federal prosecutors are seeking to secure a conviction in a major stock market manipulation case in which Mr. Hwang, whose legal name is Sung Kook Hwang, was one of the big financial losers. Archegos had managed money mainly for Mr. Hwang, his family and some of his employees, and much of his family’s wealth was wiped out when the firm collapsed in March 2021. Also on trial with Mr. Hwang is Patrick Halligan, the former chief financial officer of Archegos.
Persons: Bill Hwang, Hwang, Sung Kook Hwang, Archegos, Patrick Halligan Organizations: Archegos Capital Management, Authorities Locations: Manhattan, Wall
He can expect a grilling over concerns of antisemitism at city schools, including at his alma mater, Hillcrest High School in Queens. “That’s not an issue of taking sides,” Mr. Banks said. New York City is one of the most diverse school districts in the world with large number of Jewish, Arab and Muslim families. Mr. Banks, who has twice traveled to Israel, added that he was “profoundly moved” on a visit to Yad Vashem, the country’s official Holocaust memorial. After watching university leaders at the two prior hearings on antisemitism, Mr. Banks said his greatest takeaway was simply to be authentic.
Persons: David Banks, “ we’ve, ” David C, Banks, Claudine Gay, Liz Magill, Nemat, , “ That’s, , we’ve, Yad Vashem, I’m Organizations: New, Columbia University, House Education, Work Force, Hillcrest High School, Harvard, University of Pennsylvania, New York, Muslim Locations: New York City, , Israel, Queens, America, Gaza, Yad, New York
House Republicans will hold a hearing on Wednesday morning looking for the first time into accusations of antisemitism in elementary and secondary schools since the Oct. 7 attack on Israel by Hamas. District leaders from three politically liberal regions across the country — New York City, Berkeley, Calif., and Montgomery County, Md. — are expected to testify before members of the House Committee on Education and the Workforce. The House, which is controlled by Republicans, has already held two contentious hearings on antisemitism in higher education, which helped lead to the toppling of Claudine Gay, Harvard’s president, and M. Elizabeth Magill, the president of the University of Pennsylvania. But the district leaders — David Banks, chancellor of New York City schools; Enikia Ford Morthel, superintendent of Berkeley schools; and Karla Silvestre, the school board president in Montgomery County — face different issues than college leaders.
Persons: , Claudine Gay, Elizabeth Magill, David Banks, Enikia Ford Morthel, Karla Silvestre Organizations: Hamas, Education, Workforce, Republicans, University of Pennsylvania, New Locations: Israel, York City, Berkeley, Calif, Montgomery County, Md, New York City
He can expect a grilling over concerns of antisemitism at city schools, including at his alma mater, Hillcrest High School in Queens. “That’s not an issue of taking sides,” Mr. Banks said. New York City is one of the most diverse school districts in the world with large number of Jewish, Arab and Muslim families. Mr. Banks, who has twice traveled to Israel, added that he was “profoundly moved” on a visit to Yad Vashem, the country’s official Holocaust memorial. After watching university leaders at the two prior hearings on antisemitism, Mr. Banks said his greatest takeaway was simply to be authentic.
Persons: David Banks, “ we’ve, ” David C, Banks, Claudine Gay, Liz Magill, Nemat, , “ That’s, , we’ve, Yad Vashem, I’m Organizations: New, Columbia University, House Education, Work Force, Hillcrest High School, Harvard, University of Pennsylvania, New York, Muslim Locations: New York City, , Israel, Queens, America, Gaza, Yad, New York
School district officials have faced off with students, parents, school board members and teachers about issues related to the Israel-Hamas war — but until now, not members of Congress. For the three public school leaders, who are likely to face a similarly tense environment, “it’s hard to imagine a less welcome invitation,” said Justin Driver, a professor at Yale Law School who is an expert on how constitutional law applies to schools. The three school districts, all diverse, have robust American Jewish communities. They are also in staunchly liberal areas, making them ripe targets for the Republicans who run the committee. And they have had their share of controversies.
Persons: , Justin Driver Organizations: , Education, Workforce, Yale Law School, Republicans Locations: Israel, — New York City, Berkeley, Calif, Montgomery County, Maryland
One of the people arrested at Columbia University this week was a middle-aged saxophonist who headed up to the campus from his Hell’s Kitchen apartment after learning about the protests on social media. A third had been active in other left-leaning protests across the city but also happened to work as a nanny nearby. She went to the university gates on Tuesday and linked arms with other protesters in an unsuccessful attempt to thwart the advancing officers, she said. After pro-Palestinian demonstrators occupied a building on Columbia’s campus this week, demanding that the university end all financial ties with Israel, the New York Police Department moved in and arrested more than 100 people there. Mayor Eric Adams and other city leaders have accused so-called outside agitators — professional organizers with no ties to the university — of hijacking a peaceful student protest and spurring its participants to adopt ever more aggressive tactics.
Persons: Eric Adams, Organizations: Columbia University, New York Police Department Locations: Israel
An accounting firm that audits the financial statements of hundreds of public companies including former President Donald J. Trump’s social media company can no longer do so, U.S. securities regulators said on Friday. The Securities and Exchange Commission charged the firm, BF Borgers, with fraud, saying that it had failed to comply with accounting rules. The regulator held BF Borgers and its owner, Benjamin F. Borger, responsible for “deliberate and systemic failures” to comply with accounting rules. Many companies that used BF Borgers must now find new auditors. Trump Media & Technology Group, the parent company of the Truth Social platform, has been a client of BF Borgers since 2022, according to regulatory filings.
Persons: Donald J, BF, Benjamin F, Borgers Organizations: Securities, Exchange Commission, Trump Media & Technology Group, Trump Media Locations: U.S, Borger
Former President Donald J. Trump’s social media company is currently worth over $6 billion. But the agreement that set the stage for its stock market debut in March was nearly derailed years earlier by Mr. Trump, who is now the biggest beneficiary of its richly valued stock, one of the firm’s co-founders said on Wednesday. Andy Litinsky, who helped start Trump Media & Technology Group, the parent company of Truth Social, testified in federal court that he had doubts about whether Mr. Trump would agree to take the firm public by merging it with a cash-rich shell company, even as the deal-signing ceremony was set to take place at the former president’s Mar-a-Lago residence in late 2021. Mr. Litinsky, a former contestant on Mr. Trump’s reality television show “The Apprentice,” said that before the ceremony, Mr. Trump had asked him whether he should go ahead with the merger of Trump Media and the shell company, Digital World Acquisition Corporation. Mr. Litinsky was in court in Manhattan testifying as a witness in an insider trading trial that arose from an investigation of traders who made millions of dollars with well-timed purchases of Digital World’s stock before the merger announcement on Oct. 20, 2021.
Persons: Donald J, Trump, Andy Litinsky, Litinsky, Organizations: Trump Media & Technology Group, Truth, Trump Media, Acquisition, Mr, Digital Locations: Manhattan
There's one dividend stock that Morningstar says is "deeply undervalued" right now and which it's bullish on for the long term. "Yet we're bullish on this undervalued stock for the long term. Goldstein noted that FMC's products lean toward insecticides, which generate over half of its revenue. According to FactSet, FMC has an indicated annual dividend yield of 4% for 2024. "FMC stock looks deeply undervalued, trading at half of what we think it's worth," Goldstein added.
Persons: Morningstar, Seth Goldstein, Goldstein, Morningstar's, Dave Sekera Organizations: Morningstar, FMC Locations: FactSet
"I don't think they lack for anything that they need," Lyle Goldstein, director of Asia engagement at Defense Priorities, said of China's forces. Military forces are being deployed nearer to Taiwan than ever, effectively shortening Taiwan's reaction time. Stockpiling of China's rocket force, too, suggests it would have more than enough missiles and rockets to target Taiwan. One common concern is that as China's military exercises around Taiwan have grown in frequency and size, the line between exercise and potential attack is becoming blurred. Xie Huanchi/Xinhua via Getty ImagesExperts, as well as US and Taiwan lawmakers and military officials, have long debated about the readiness of the People's Liberation Army as China's military is known.
Persons: , Lyle Goldstein, Stringer China, Xi, Thomas Shugart, who's, Shugart, Goldstein, Mike Studeman, Xi Jinping, Dean Cheng, haven't, Cheng, Xie Huanchi, There's, Kyle Amonson, Dane Egli, Annabelle Chih, Getty Images Goldstein, Joe Biden Organizations: Service, Business, Defense, REUTERS, Taiwan's, Taiwan's Ministry of Defense, US Department of Defense, China Economic, Security, PLA, Patriot, US, Center, New, New American Security, Marine Corps, China Coast Guard, Scarborough, ROSA, Military, of Naval Intelligence, Pacific Command, US Institute of Peace, of, People, Getty Images, People's Liberation Army, CCP, Soviet, Center for Strategic, International Studies, Japan, US Coast Guard, Chinese Communist Party, Democratic Progressive Party, Kyodo, Stills Locations: China, Taiwan, Asia, Liaoning, Beijing, New American, AFP, Hong Kong, Xinhua, DoD's China, Cuba, US, Tainan, Japan, Philippines
One afternoon last month, Chad Nedohin, a part-time pastor and die-hard supporter of Donald J. Trump, put on a pirate costume, set up his microphone and recited a prayer. Mr. Nedohin was opening his latest livestream on the right-wing video site Rumble, where he has about 1,400 followers who share a devotion to Trump Media & Technology Group, the former president’s social media company. “Faith comes from hearing — that is, hearing the good news about Christ,” said Mr. Nedohin, 40, his face framed by fake dreadlocks under a pirate-style hat. Mr. Nedohin and his viewers were waiting for the results of a merger vote that would determine whether Mr. Trump’s company could start selling stock on Wall Street. Soon the news about Trump Media arrived via an audio feed: It was going public.
Persons: Chad Nedohin, Donald J, Trump, Nedohin, Faith, Organizations: Trump Media & Technology Group, Trump Media
Trillions of noisy, red-eyed insects called cicadas are emerging from the earth after more than a decade of feeding on tree roots. This spring, Brood XIX, known as the Great Southern Brood, and Brood XIII, or the Northern Illinois Brood, are emerging simultaneously. The Great Southern Brood, which emerges across the South and the Midwest every 13 years, has been seen at sites scattered from North Carolina to Georgia. The Northern Illinois Brood, which appears every 17 years in the Midwest, is expected to appear in the next month, as temperatures there warm. “There’s surprisingly little information about cicadas that you’d like to know,” said Raymond Goldstein, a physicist at the University of Cambridge.
Persons: “ There’s, , Raymond Goldstein Organizations: Southern, Northern Illinois, Midwest, The Northern Illinois Brood, University of Cambridge Locations: United States, North Carolina, Georgia, The, Midwest
In February, they sued the company, claiming that Trump Media — which made its trading debut last month at an $8 billion valuation — was trying to deprive them of the full value of their shares. Now they also claim the company is trying to prevent them from selling those shares. In a separate lawsuit that followed, Trump Media claimed that Mr. Moss and Mr. Litinsky should forfeit their shares because their poor decision-making had contributed to a yearslong delay in its merger with Digital World Acquisition Corporation. Trump Media agreed to merge with Digital World, a cash-rich shell company, in 2021 as a way to go public, but the deal closed only in March. The pair’s stake is worth more than $220 million based on the current $26 share price of Trump Media, compared with $2 billion for Mr. Trump.
Persons: Wes Moss, Andy Litinsky, Donald J, Trump, Moss, Litinsky Organizations: Trump Media & Technology Group, Truth, Trump Media, Acquisition Corporation
After former President Donald J. Trump was kicked off Twitter in 2021, conservative entrepreneurs rushed to promote social media alternatives tailored to him and his supporters. There were Parler and Gab, Twitter-like sites popular among the people who stormed the U.S. Capitol on Jan. 6. Then came Gettr, a social media app created by one of Mr. Trump’s former advisers. That crowded field has now narrowed, giving an edge to Truth Social, the platform that Mr. Trump’s company owns and where he is the main attraction.
Persons: Donald J, Trump, Trump’s Organizations: Twitter, U.S, Capitol
That’s why Fed Chair Powell conveyed on Tuesday the central bank won’t be cutting interest rates any time soon. How would the US economy handle more months of painstakingly high interest rates? Investors are banking on cutsWhen Fed officials initially penciled in three rate cuts at the end of last year, markets hit new highs. But the longer the Fed leaves interest rates higher means more pain could be inflicted on households and businesses, said Goldstein. But not everyone thinks cracks in the economy will widen if the Fed doesn’t cut rates this year.
Persons: Powell, ” Powell, paring, Itay Goldstein, Tesla, Goldstein, , Brian Rose, David Mericle, Goldman Sachs Organizations: New, New York CNN — Federal Reserve, Bank of Canada, Tiff, Investors, Dow, Nasdaq, University of Pennsylvania’s Wharton School of Business, CNN, Fed, Treasury, UBS Global Wealth Management Locations: New York
Whitey Herzog, the Hall of Fame manager who led the St. Louis Cardinals to three pennants and a World Series championship in the 1980s, died on Monday in St. Louis. He was 92 and had been the second-oldest Hall of Famer after Willie Mays. “Baseball has been good to me since I quit trying to play it,” Herzog liked to say. Signed by the Yankees in 1949, he never made it out of their minor league system, though he picked up a lifetime of baseball knowledge from Manager Casey Stengel at spring training camps. He played the outfield for four American League teams over eight seasons with only modest success.
Persons: Whitey Herzog, St . Louis, Willie Mays, ” Herzog, Casey Stengel, Herzog Organizations: of Fame, St, Louis Cardinals, of Famer, Cardinals, “ Baseball, Yankees, American League, Royals, Busch Locations: St ., Kansas City
A U.S. Senate committee investigating the tax avoidance work that Jeffrey Epstein, the registered sex offender, did for the private equity mogul Leon Black has questioned Bank of America over Mr. Black’s hefty payments to Mr. Epstein, according to a letter viewed by The New York Times. They included fees paid to Mr. Epstein for advising on a sophisticated trust that saved Mr. Black more than $1 billion in taxes. Mr. Black’s decades-long business dealings and personal relationship with Mr. Epstein have dogged him ever since Mr. Epstein was arrested on federal sex trafficking charges in July 2019. (Mr. Epstein hanged himself in a federal jail a month after his arrest.) Mr. Black, a co-founder of Apollo Global Management, with a net worth of $13 billion, ultimately stepped down from all leadership posts because of the controversy.
Persons: Jeffrey Epstein, Leon Black, Epstein, Ron Wyden, Black, Banks Organizations: U.S, of America, Mr, The New York Times, Senate Finance Committee, Apollo Global Management Locations: Oregon
All of which has apparently sent fans flocking to Levi’s for denim jeans, denim jackets and Western clothing since the album was released on March 29. Levi’s has made its own moves to capitalize on Beyoncé namechecking the brand and the extra attention it’s receiving. Angus Mordant/Bloomberg/Getty Images“Act II: Cowboy Carter” has also led to a rise in Western boot sales. Sales spiked another 45% the following week when “Texas Hold ‘Em” reached the top of Billboard’s Hot 100 chart, Circana said. Beyoncé has also lifted Western boot sales at Calares, a women’s shoe and accessories chain, said Dana Telsey, a retail analyst at Telsey Advisory Group.
Persons: Bey, Cowboy Carter, Post Malone, Levi’s, , Michelle Gass, Beyoncé, Angus Mordant, Cowboy Carter ”, Circana, Taylor Swift, Beth Goldstein, Dana Telsey, Etsy, Th, CNN’s Lisa France Organizations: New, New York CNN, Bloomberg, Getty, Circana, Telsey Advisory, Billboard, Deutsche Bank Locations: New York, Pass_by, Instagram, Stockholm
Shares of former President Donald J. Trump’s social media company plunged on Monday after the company filed to register the potential sale of tens of millions of additional shares. Trump Media & Technology’s stock fell 18 percent, erasing hundreds of millions of dollars from the company’s market value — and putting a dent in Mr. Trump’s majority stake, worth more than $3 billion. Since a surge in its first days of trading as Trump Media, which lifted the value of the company to about $8 billion at one point last month, the company’s shares have dropped by more than 50 percent. Trump Media was expected to register the potential sale of new shares after the completion of its merger last month with Digital World Acquisition Corp., a cash-rich shell company known as a SPAC. When a SPAC goes public, it issues warrants to investors that can later be converted into shares.
Persons: Donald J Organizations: Trump Media, Companies, Truth
CNN —The total solar eclipse that delighted spectators across Mexico, the United States and Canada on Monday was a celestial experience not to be missed. Millions were in the path of totality to watch as the moon moved between Earth and the sun. “After 20 years (of) not seeing an eclipse we got to experience it again,” he said via email. After launching the balloon, the quartet traveled to Burlington, Ontario, to be in the path of totality, where Goldstein snapped images of the eclipse with a Lumix FZ80 camera. “Ever since I was 1 years old I was very interested in space and space events.
Persons: Readers, Daniel McCartney, , McCartney, Mariel Williams, , Williams, Juan M, Soto Peña, Fabiola, Luciana, Michael Goldstein, Goldstein, Ilan Kagedan, Brady Sonshine, Michael “ Misha ” Vishnever, ” Kagedan, Vishnever’s, Cynthia Gilmore, Joshua, Joshua Gilmore, ” Vishnever Organizations: CNN, Big, Galactic, Center, Locations: Mexico, United States, Canada, Big Moose, New York, Syracuse , New York, Dayton , Ohio, Royal Oak , Michigan, Tucson , Arizona, Mexican, Sonora, Toronto, Burlington , Ontario, Concord, Vaughan , Ontario, Green Hills, North Conway , New Hampshire, New Hampshire, Center Conway , New Hampshire
A baby died during childbirth late last year after medical staff at a Brooklyn hospital appeared to ignore worrying signs for several hours, a new report by state health investigators has found. Two weeks later, the same doctor involved in the infant’s death was also involved in the death of a mother who gave birth at the hospital, Woodhull Medical Center in Bedford-Stuyvesant, according to the report. The doctor, Ronald Daniel, 72, was fired in December after the mother’s death, his employer said. The doctor was not the first at Woodhull to be fired following a maternal death in recent years. And this is not the first time regulators have concluded that problems on the hospital’s labor and delivery floor led to a death.
Persons: Ronald Daniel Organizations: Woodhull Medical Center, Woodhull Locations: Brooklyn, Bedford, Stuyvesant
Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune from the slowdown. Related storiesCEO Elon Musk appears to have backed away from the price cuts strategy this year, however. There are plenty of public charging stations — about 2.7 million as at the end of 2023, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.
Persons: , Tesla, anemic, hasn't, That's, Seth Goldstein, Morningstar, BYD, Elon Musk, Goldstein Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance, BYD Locations: China, Tesla's, Shanghai
Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune to the slowdown. Goldstein said that's a sign he knows Tesla can't win the price war and remain profitable. Bloomberg reported that it recently reduced production to five days a week from 6 ½ days, in a sign of waning demand for its cars in China. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.
Persons: , Tesla, anemic, hasn't, Seth Goldstein, Morningstar, Elon Musk, Goldstein, that's, BYD Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance Locations: China, Tesla's, Shanghai
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