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Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center in New York City, Nov. 29, 2023. Tesla shares surged 15% on Wednesday morning after CEO Elon Musk said the electric-vehicle company plans to begin production of new affordable EV models by early 2025. Musk's comments came during Tesla's earnings call on Tuesday after the company reported disappointing first-quarter numbers. The company previously expected to start production of the new EV models in the second half of 2025. UBS analysts on Tuesday reiterated their neutral rating of Tesla stock and lowered their price target to $147 from $160, saying they remain skeptical of the company's talk.
Persons: Elon Musk, Tesla, Musk's, Tesla's, Michael Bloom Organizations: New York Times, Jazz, Lincoln Center, Revenue, Bank of America, UBS Locations: New York City
Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company's first-quarter earnings report Tuesday. Tesla also lowered the price of its premium driver assistance system by one-third. The price cut follows a monthlong free trial that Tesla pushed out to customers throughout North America starting in late March. "Since late 2023, sentiment on Tesla (TSLA) has deteriorated," John Murphy, an analyst at Bank of America, wrote in a note on Monday. WATCH: Tesla stock hits 52-week low ahead of earnings
Persons: Elon Musk, Tesla, John Murphy, Murphy, Joseph Spak, Spak, — CNBC's Michael Bloom Organizations: New York Times, Jazz, Lincoln Center, North America, National, Traffic Safety Administration, CNBC, Bank of America, Reuters, UBS, EV, Traders, S3 Partners, Apple Locations: New York City, U.S, China, Europe
Jensen Huang speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Nvidia briefly surpassed $2 trillion in market cap during intraday trading Friday as its stock continues to rally following the company's rosy earnings report Wednesday. Shares of Nvidia rose more than 2% Friday morning after closing up 16% Thursday. Nvidia reported $12.29 billion in net income during the quarter, up a staggering 769% from $1.41 billion last year. Nvidia makes the pricey graphics processors for the servers that power large AI models.
Persons: Jensen Huang Organizations: New York Times, Jazz, Lincoln Center, Nvidia, LSEG Locations: New York City
Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of his holdings in the streaming giant, according to a regulatory filing, with a current value of more than $1.1 billion. "We don't know what it could be, whether it's a charity or multiple charities," VerityData Vice President Ben Silverman told CNBC. Hastings retains just under three million Netflix shares with a value of around $1.7 billion. Though Hastings remains the executive chairman of Netflix, the company has no obligation to disclose the reason behind the gift or the beneficiary. Netflix shares are up nearly 23% year to date but are still around 16% below their 2021 high.
Persons: Reed Hastings, Hastings, it's, Ben Silverman, VerityData's Silverman, — CNBC's Lora Kolodny Organizations: Netflix, New York Times DealBook, Jazz, Lincoln Center, Bloomberg, CNBC, United Negro College Fund, Hastings, CNBC PRO Locations: New York City
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTElon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty ImagesElon Musk said Chinese electric automakers will find "significant" success outside of China, even as his firm Tesla faces intense competition from these same companies. "The Chinese car companies are the most competitive car companies in the world. So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established," Musk said on Tesla's earnings call on Wednesday. "Frankly, I think, if there are not trade barriers established, they will pretty much demolish most other companies in the world."
Persons: Elon Musk, Slaven Vlasic, Musk Organizations: New York Times, Jazz, Lincoln Center, Getty Locations: New York City, China
Winter Jazzfest Has Company: Unity Jazz Festival
  + stars: | 2024-01-15 | by ( Giovanni Russonello | ) www.nytimes.com   time to read: +1 min
Back in 2005 — when the first NYC Winter Jazzfest was held at the Knitting Factory in Lower Manhattan, and Jazz at Lincoln Center’s multimillion-dollar facilities had recently opened on the Upper West Side — it was clear which represented the establishment, and which was proposing an alternative. Steered by its artistic director, the Pulitzer Prize-winning trumpeter and retro jazz philosopher Wynton Marsalis, Jazz at Lincoln Center was cultivating an older and affluent audience, adjacent to the opera-going crowd. Marsalis’s bookings proudly held the line for what he considered jazz’s defining virtues. Winter Jazzfest was geared toward disruption. Brice Rosenbloom, Winter Jazzfest’s founder, positioned it as both an infusion of crucial life support and a challenge to some of jazz’s passively dominant trends.
Persons: Lincoln Center’s, it’s, Wynton Marsalis, Brice Rosenbloom, Winter Organizations: Knitting Factory, Jazz, Lincoln, Lincoln Center Locations: , Lower Manhattan, New York City
Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.
Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. X.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion in an equity offering. The AI startup, which Musk announced in July, seeks to "understand the true nature of the universe," according to its website. Last month, X.AI released a chatbot called Grok, which the company says is modeled after "The Hitchhiker's Guide to the Galaxy." — CNBC's Lora Kolodny contributed to this reportWATCH: Elon Musk's X.AI launches 'Grok'
Persons: Elon Musk, Musk, X.AI, didn't, OpenAI, Sam Altman, Google's Bard, Claude chatbot, Tesla, They've, DeepMind's AlphaCode, OpenAI's, — CNBC's Lora Kolodny, Elon Musk's X.AI Organizations: New York Times, Jazz, Lincoln Center, Elon, SEC, Google's, Nvidia, SpaceX, Boring Company, X Corp, DeepMind, Google Research, Microsoft Research, Twitter, Tesla, X.AI Locations: New York City, Nevada
In 2015, her $9 million gift created an atrium for Jazz at Lincoln Center. In recognition of that gift, she was named grand commander of the Holy Sepulcher by the patriarch of Jerusalem. Her $41 million gift for humanities scholarships at the University of Oxford in 2012 was the largest of its kind in Oxford’s 900 years. Amid Allied air raids, Mica, as her German nurse called her, was sent to the family’s country estate. Others paid their fares to Paris, where Mica got modeling jobs to support them.
Persons: Mr, Ertegun, Christ, Jerusalem, Queen Elizabeth II, , Ahmet, Mrs, ” Mica Ertegun, Ioana Maria Banu, Natalia Gologan, Gheorghe Banu, King Carol II, King Michael I, Hitler, Mica, Stefan Grecianu, Friends Organizations: Jazz, Lincoln Center, University of Oxford, Communist Locations: Manhattan, Jerusalem, American, British, Bucharest, Romania, Mica, Zurich, Swiss, Paris, Canada, Lake Ontario
Nvidia CEO Jensen Huang offered a glimpse into his unusual management style, including having "50 direct reports," in an interview with CNBC's Andrew Ross Sorkin on Wednesday. Huang says that he has so many direct reports — most executives only have 10 or so — because it keeps Nvidia from developing unnecessary layers of management. "The more direct reports a CEO has, the less layers are in the company. "The people that report to the CEO should require the least amount of pampering and so I don't think they need life advice. I don't think they need career guidance," Huang said.
Persons: Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Steve Jobs, Mark Zuckerberg Organizations: New York Times, Jazz, Lincoln Center, Nvidia, AMD Locations: New York City, China
Robert Mercer and Rebekah Mercer attend the 2017 TIME 100 Gala at Jazz at Lincoln Center on April 25, 2017 in New York City. Robert Mercer and his daughter, Rebekah, have not yet made a final decision on whether they'll publicly back Trump, these people said. A representative for the Mercer family did not return a request for comment. As they weigh their options on whether to get involved with helping Trump again, the Mercer family has a practically unparalleled private war chest ready to be deployed. The Mercers came into the pivotal 2024 presidential election cycle with just more than $88 million stashed away in their private nonprofit, the Mercer Family Foundation.
Persons: Robert Mercer, Rebekah Mercer, Donald Trump's, Rebekah, they'll, Kellyanne Conway, Mercer, Trump, Brendan Fischer Organizations: Jazz, Lincoln Center, Republican, Trump, Mercer Family Foundation, CNBC, Technologies Locations: New York City
At 80, Steve Miller Calls Himself a ‘Late Bloomer’
  + stars: | 2023-11-17 | by ( Alan Paul | ) www.wsj.com   time to read: +1 min
Steve Miller, 1970s rock icon, strolled out onto an elegant Jazz at Lincoln Center stage last week, sat down on a stool and picked up a custom double-necked acoustic guitar. Smiling widely, he told the sold-out crowd that he was going to start with “a different version” of a song they’d all know. The two versions, almost a half century apart, were instantly connected by the familiar timbre of Miller’s voice. At this show, his seventh annual two-night celebration of the blues, Miller performed only two of his own songs, otherwise concentrating on the music of his blues influences and mentors. “He’s just going to take this music we love into the future,” Miller said backstage in an interview a few days earlier.
Persons: Steve Miller, Miller, Christone, ” Ingram, “ He’s, ” Miller, , Organizations: Lincoln Center, Jet
The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon . In a sweeping complaint unveiled Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its "monopoly power" to inflate prices, degrade quality for shoppers and unlawfully exclude rivals, thereby undermining competition. David Zapolsky, Amazon's general counsel and senior vice president of global public policy, said in a statement that the FTC's complaint is "wrong on the facts and the law." The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox." Through her work at the FTC, Khan has sought to reset that framework and push the boundaries of antitrust law through risky legal battles.
Persons: Andy Jassy, David Zapolsky, Amazon's, Zapolsky, Lina Khan, Khan Organizations: New York Times DealBook, Jazz At Lincoln Center, Federal Trade Commission, Amazon, FTC, Yale Locations: New York City
Facebook is getting rid of the News tab in Europe
  + stars: | 2023-09-05 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +2 min
Facebook users in the U.K., France and Germany will no longer see a dedicated section for news articles starting in December. The company added that it plans to spend more time and money on short-form video, as best exemplified by its TikTok-like Reels product. News represents less than 3% of what people see in their Facebook feeds, Meta said. Meta debuted Facebook News in 2019, saying at the time that the product "was built to bring people closer to the stories that affect their lives." The decision to deprecate Facebook News is part of a broader move away from the news business.
Persons: Andrew Ross Sorkin, Mark Zuckerberg, Meta Organizations: Meta, New York Times DealBook, Jazz At Lincoln Center, Facebook Locations: New York City, France, Germany, Canada
35 Pop and Jazz Albums, Shows and Festivals Coming This Fall
  + stars: | 2023-09-04 | by ( ) www.nytimes.com   time to read: +2 min
BUTCHER BROWN A spirit of generous communion runs through “Solar Music,” the latest album from the Richmond-based hip-hop-jazz fusion quintet Butcher Brown. The album features guest appearances by the saxophonist Braxton Cook, the M.C. 's Pink Siifu and Nappy Nina and the trumpeter Keyon Harrold, among others. Butcher Brown will toast “Solar Music” at a concert Oct. 18 at Le Poisson Rouge. — ParelesROY HARGROVE By the time he died in 2018, at 49, Roy Hargrove had become the most impactful trumpeter of his generation.
Persons: BUTCHER BROWN, Butcher Brown, Braxton Cook, Nappy Nina, Keyon Harrold, Russonello SLAUSON MALONE, Slauson, Jasper Marsalis, Caramanica SUFJAN STEVENS, Sufjan Stevens, Stevens, Kitty, — Pareles, Antonio Carlos Jobim, João Gilberto, Sergio Mendes, Luis Bonfá, It’s, Seu Jorge, Carlinhos Brown, Daniel Jobim — Antonio’s, , — Pareles ROY HARGROVE, Roy Hargrove, Willie Jones III, Gerald Cannon, Roy Hargrove Big, Taja Cheek, , they’re Organizations: , Concord Jazz, Slauson Malone, Excelsior, NOVA, Carnegie Hall, Jazz, Lincoln Center, Dizzy’s Locations: Richmond, Le Poisson, , United States
And yet for decades, the Louis Armstrong House Museum has been a well-kept secret on a quiet street in Corona. The longtime residence of the famed jazz trumpeter, singer and bandleader, it is a midcentury interior design treasure hidden behind a modest brick exterior. The museum’s new extension, the 14,000 square foot Louis Armstrong Center, blends in a little less. It looks, in fact, a bit like a 1960s spaceship landed in the middle of a residential block. “The house is relatively small,” said Regina Bain, executive director of the House Museum and Center, speaking of the two-story dwelling where Armstrong lived with his wife, Lucille, from 1943 until his death in 1971.
Persons: Louis, Louis Armstrong, , Regina Bain, Armstrong, Lucille Organizations: Louis Armstrong House Museum, Louis Armstrong Center, Queens, House Museum and Center, Jazz, Lincoln Center Locations: Queens, Corona ., Armstrong,
Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. BlackRock 's move into crypto fits into the asset management giant's broader mission of creating products that are easy to use and cheap for investors, CEO Larry Fink said Friday. Fink had previously been critical of crypto, saying in 2017 that the popularity of digital currencies was do in large part to money laundering. However, interest from clients and the high cost of transactions motivated BlackRock to take a closer look at entering the space, Fink said. BlackRock reported its second-quarter results on Friday, earning $9.28 in adjusted earnings per share on $4.46 billion in revenue.
Persons: Andrew Ross Sorkin, Larry Fink, We've, Fink, BlackRock Organizations: BlackRock, New York Times DealBook, Jazz At Lincoln Center, Securities, Exchange Commission, SEC Locations: New York City, cryptocurrencies
Here's how the company did:Earnings: $1.69 per share, adjusted, vs. $1.61 per share as expected by analysts, according to Refinitiv. $1.69 per share, adjusted, vs. $1.61 per share as expected by analysts, according to Refinitiv. Analysts surveyed by Refinitiv had expected $1.70 in adjusted earnings per share and $8.49 billion in revenue. It's now calling for $7.41 to $7.43 in adjusted earnings per share on $34.5 billion to $34.7 billion in revenue. During the quarter, Salesforce announced Einstein GPT generative artificial intelligence technology designed to help salespeople, marketers and customer-service agents do their jobs more efficiently.
Persons: Marc Benioff, Salesforce, Refinitiv, Salesforce's, Brian Millham, Millham, Amy Weaver, ChatGPT, Lidiane Jones Organizations: Jazz, Lincoln Center, StreetAccount, Elliott Investment Management Locations: New York, Refinitiv, Salesforce
Bill Gates never finished his undergraduate degree — the billionaire dropped out of Harvard University after three semesters to start Microsoft. Not much, personally, to be honest," Gates told students at Northern Arizona University's commencement ceremony on Saturday. If Gates had finished college, these are "the five things I wish I was told at the graduation I never had," he said. Gates did work at Microsoft for a long time: He was the company's CEO until 2000, and board director until 2014. 'Don't underestimate the power of friendship'One of Gates' biggest college regrets, he told Harvard students in 2018: Not being sociable enough.
A Glamorous Masked Ball, and 100 People to Know
  + stars: | 2023-04-27 | by ( Katie Van Syckle | ) www.nytimes.com   time to read: +1 min
The Met Gala, which will be held next week, serves as the unofficial birthday party for Vogue magazine. The outfits at Time’s 100 Most Influential People in the World gala, held last night at Jazz at Lincoln Center, generally don’t involve as much forethought, but it is nevertheless an opulent affair. Tiffany Haddish wore a red and black sequined gown and Natasha Lyonne was in a black Area dress with a bedazzled oyster bodice. The storied masquerade party and annual gala dinner raises money to preserve the artworks of the flood-threatened Italian city. The event raised $1.2 million and transformed the Plaza into an arms-in-the-air dance party with the D.J.
Larry Fink, chairman and CEO of BlackRock , believes the U.S. could skirt a major economic downturn this year, but inflation is going to be around for a while. "No I don't see a big recession," Fink said on CNBC's "Squawk on the Street" Friday. "I'm not sure we're going to have a recession in 2023, we may have it in early 24." The head of the world's largest asset manager said the chance of a recession is dependent on the Federal Reserve's battle against inflation. "It all depends on what is the pathway of inflation of the short run and pathway to the Fed," Fink said.
In his talk, Chew, the CEO of TikTok, said the social network would not provide US user data to the Chinese government and has never been asked to do so. Chew stressed the steps TikTok has taken to protect US user data. The Harvard event is just one of several media appearances Chew has made in recent weeks amid mounting scrutiny of TikTok and of himself. “It’s life or death for TikTok, from their perspective,” said Justin Sherman, the CEO of Global Cyber Strategies, D.C.-based research and advisory firm, who was among the researchers TikTok invited to be briefed on “Project Texas,” the company’s $1.5 billion initiative to address lawmakers’ security concerns. But for some lawmakers with security concerns, the latest push “may be too little too late.”In his TikTok video on Tuesday, Chew appealed directly to users of the app.
Moderna CEO, Stephane Bancel attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. Moderna CEO Stephane Bancel will testify before the Senate health committee in March over the company's plans to hike the price of its Covid-19 vaccine. Sanders, in a letter to Bancel last month, slammed the proposed price hike as "outrageous" given that the vaccine was developed in cooperation with the National Institutes of Health using taxpayer money. When the federal supply runs out, uninsured adults may have to pay the full price for the shots. There is a federal free vaccine program for children whose families or caretakers can't afford the shots.
Its stock was hit harder than peers Apple and Alphabet , which also reported on Thursday evening. Shares of Apple were trading up about 4% on Friday morning while Alphabet was down about 1%. Amazon said it expects revenue of between $121 billion and $126 billion in the current quarter. Similarly, despite Alphabet's misses, analysts are bullish on its prospects for artificial intelligence and highlighted its strong core business. WATCH: Arete Research's Richard Kramer on the outlook for Apple, Amazon and Alphabet
Candle Media has acquired intellectual property assets including Reese Witherspoon's Hello Sunshine production company and Moonbug, which owns the animated kids series "CoComelon." Executive 3: Iger extends his contract There's been lots of speculation over who Iger will choose as his successor. History suggests he has a hard time leaving the role of Disney CEO. Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer The Walt Disney Company. "I love Shari [Redstone], but ViacomCBS is not long for this world as it stands today," said a media executive last year.
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