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As the founder of home-improvement retailer Menards, John Menard Jr. is Wisconsin's richest billionaire with a net worth of $22.9 billion. John Menard Jr. (left) congratulates IndyCar driver Simon Pagenaud on his victory at the 2016 Angie's List Grand Prix of Indianapolis. Menard Jr. is a controversial figure known for his frugality and iron-handed management style. Menard Jr. denied any inappropriate conduct, his attorney told the Milwaukee Journal Sentinel. Menard Jr. is also an avid race-car enthusiast, sponsoring Menards race cars at NASCAR and IndyCar events.
Persons: John Menard Jr, Simon Pagenaud, Khris Hale, Menard, Menards, Menard Jr Organizations: Prix, Indianapolis, Getty, Forbes, University of Wisconsin, Prosecutors, Milwaukee Journal Sentinel, NASCAR Locations: Eau Claire, Milwaukee, Wisconsin
“Purlie” and “The Wiz” — along with “Dreamgirls,” which landed just past the decade divider in 1981 — have been well attended since the 1970s. “The Wiz” was made into a film that many Black people regard as iconic, and a revival is playing on Broadway now. It ran for over two years, won the Tony for best musical and best actress (Virginia Capers) and Theatre World awards for three other leads. Musical theater historians tend to blow by it with a couple of respectful sentences. It’s had a regional revival or three, but compared with “Purlie,” “The Wiz” and “Dreamgirls,” it is a dead property.
Persons: Lorraine Hansberry’s, Blacker, Purlie, , , “ Purlie ”, , Hansberry’s, Robert Nemiroff, Charlotte Zaltzberg, Judd Woldin, Robert Brittan, Tony, Virginia Capers, It’s, “ Purlie Organizations: Sun, Broadway, Theatre
I love “Seinfeld.” As for the actual comedian Jerry Seinfeld, however it’s…complicated. In most of his activities outside his eponymous classic sitcom (1989-1998), Seinfeld bemuses more than amuses me. This ambivalence only obliquely affects my opinion of “Unfrosted,” Seinfeld’s recently-released feature-length Netflix comedy. Still, I’ve always had the disquieting sense of Seinfeld somehow always Getting Away With Something when he pulls off this suave, impeccably creased act. Seinfeld isn’t about unsettling his viewers and I’m in no way suggesting he should be.
Persons: Gene Seymour, , Seinfeld, Jerry, George, Elaine, Kramer, Gene Seymour Jeremy Freeman, , Jerry Seinfeld, he’s, I’d, ” Seinfeld’s, Barbie ”, , Seinfeld’s, Tony, Tiger, Hugh Grant, Thurl Ravenscroft, Andy Daly, Variety’s Owen Gleiberman, Unfrosted ”, Kyle Dunnigan’s Walter Cronkite, Bill Burr’s, Grant, Melissa McCarthy, James Marsden, Amy Schumer, Christian Slater, Jon Hamm, John Slattery, Larry David, David, don’t, that’s, I’ve, John Mulaney, snags, ” Seinfeld, he’d Organizations: The New York Times, Newsday, Entertainment, The Washington, CNN, Quaker Oats, Bill Burr’s JFK, Seinfeld, Netflix, Twitter Locations: Israel
For a celebrity, being referenced in a Taylor Swift song can cause a PR crisis. Advertisement"He's showing due deference to the power of Taylor Swift," Nierman said. The Kim Kardashian method: Let anonymous sources do the talkingTaylor Swift and Kim Kardashian at the 2015 VMAs. "I don't think Taylor Swift really needs to negotiate with anyone. Advertisement"Everything is done for a reason and any person would be a fool to bet against or to cross Taylor Swift," Nierman said.
Persons: Taylor, Joe Alwyn, Matty Healy, Kim Kardashian, , Taylor Swift, Swift, Healy, TMZ, reveling, artfully, Robert Kamau, who's, Evan Nierman, Banyan, John, recoils, Erik Bernstein, Bernstein, hasn't, Nierman, Healy's, what's, Jackson Lee, Alwyn hasn't, Alwyn, Kevin Mazur, Aimee, aIMee, KIM, Kardashian, it's, John Mayer Organizations: BI, Service, Poets Department, Getty, Department, Swift, Rights Locations: New York City, London, Cincinnati , Ohio
On Friday night, in the premiere of his appealingly chaotic livestreaming variety show “Everybody’s in L.A.,” which runs every night this week, John Mulaney delivered a monologue about his adopted city next to a map that broke it down into a crooked jigsaw puzzle of neighborhoods. It’s the biggest comedy showcase of the year (with more than 500 offerings, a 40 percent increase from the festival’s already mammoth debut event in 2022) but also something of a corporate flex. Who else could get Hannah Gadsby and Shane Gillis in the same festival or draw the talk-show titans Jon Stewart and David Letterman to host events? The most newsworthy shift this year was the aggressive move into livestreaming events, following the blockbuster success of Chris Rock’s 2023 special, “Selective Outrage,” about being slapped at the Oscars. (One of that ceremony’s hosts, Wanda Sykes, returned to the place it happened, the Dolby Theater, for a festival show and began by saying this time no one would get assaulted).
Persons: John Mulaney, Hannah Gadsby, Shane Gillis, Jon Stewart, David Letterman, Chris Rock, Billy Crystal, , Harry Met Sally, , Tracee Ellis Ross, Meg Ryan’s, Chris Rock’s, Wanda Sykes Organizations: Netflix, Dolby Locations: L.A, Los Angeles
Calling AI profound, Buffet said that the technology is like a "genie" — once it gets let out of the bottle, it could have disastrous effects. It's a question, he said, that has riddled the best economists for a century. Warren Buffett is the first to admit he doesn't know much about artificial intelligence. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates. "Every company is looking at AI and deciding where it will help them," he said during a recent interview on CNBC's "Money Movers."
Persons: Buffett, Buffet, Warren Buffett, it's, couldn't, John Maynard Keynes, Keynes, Gary Cohn, Cohn, Dev Ittycheria, Elon Musk, Mark Zuckerberg, Sam Altman, Robert Solow, Berkshire Hathaway Organizations: Apple, Berkshire Hathaway, Berkshire, IBM, National Economic, CNBC, Nvidia, McKinsey, Harvard Business Locations: Omaha, Berkshire
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
Lessons from the deadly anthrax attacks of 2001
  + stars: | 2024-05-05 | by ( John Miller | ) edition.cnn.com   time to read: +11 min
This was anthrax,” Pogan said, and he briefed his superiors. Between October 5, and November 22, 2001, five people who were exposed died from anthrax poisoning. For help, they turned to the US Department of Defense lab at Fort Detrick, Maryland, where anthrax expert Dr. Bruce Ivins worked. Investigators in protective suits prepare to enter the New York Times building in New York on October 12, 2001. Police cars are parked outside the American Media building in Boca Raton on Oct. 8, 2001 where environmental tests detected anthrax bacteria.
Persons: CNN —, Bin Laden, America, Robert Stevens, Tom Dachle’s, Tom Brokaw, Patrick Pogan, , , Judith Miller, Pogan, Miller, ’ Pogan, “ Hey, ” Pogan, John Scarbeck, Saddam Hussein, Bin, Bruce Ivins, Steven Hatfill, FBI swabbed, John Ashcroft, Peter Morgan, ” Dr, Bob Mueller, Mueller, Hatfill, Luis M, Alvarez, Dr, Ivins, John J, He’s Organizations: CNN, Center for Domestic Preparedness, Army, New York Police Department, ABC News, ABC, American Media, Boca, New York Post, NBC News, Terrorism Task Forces, New York Times, FBI, New York, New York City Health Department, Unit, US Department of Defense, Department of Defense, Reuters, Counterterrorism, LAPD, Justice Department, Police, Intelligence, Los Angeles Police Department Locations: Anniston, Alabama, Florida, Boca Raton , FL, Staten, New York City, , Fort Detrick , Maryland, Maryland, Rhodesia, Zimbabwe, New Jersey, New York, Boca Raton
For more on House Republican primary infighting, watch “Inside Politics with Manu Raju” on Sunday at 8 a.m. Washington CNN —GOP Rep. Don Bacon has had it with the far-right of his conference. Now McCarthy allies in the House GOP Conference are considering giving a boost to Aaron Dimmock, the retired Navy officer facing off against Gaetz in the August 20 primary. And while the outcomes in most of these primary races won’t impact the GOP’s efforts to keep the majority, they will shape the makeup of the next House Republican Conference and how they pursue their agenda. Several of Gonzales' colleagues in the House are backing a GOP primary challenger in his race for reelection.
Persons: Manu Raju ”, Don Bacon, They’ve, Republicans —, Bob Good, , Bob Good’s, ” Bacon, we’ve, Tony Gonzales, Matt Gaetz, Good —, Adam Morgan, William Timmons, Kevin McCarthy, John McGuire, McCarthy, Mike Johnson, Dan Newhouse, Donald Trump, MAGA, Scott Perry, Jerrod, Gaetz —, McCarthy —, Gaetz, Aaron Dimmock, Derrick Van Orden, tubby ”, Chip Roy, Samuel Corum, Trump, , Ralph Norman, Morgan, Timmons, Joe Biden, Sen, Tony Vargas, Bacon, Dan Frei —, Lee Terry, “ He’s, ” Frei, Frei, Eric Underwood, Underwood, Bacon doesn’t, ” Underwood, he’s, Frei mailer, it’s, Gonzales, Tom Williams, Sarah Chamberlain, McGuire, Good’s, Steve Bannon, I’ve, ” Johnson, that’s, undercutting, CNN’s Jeff Zeleny, Sheden Tesfaldet Organizations: Republican, Washington CNN, GOP, Republicans, Nebraska Republican, CNN, Congress, Caucus, Rep, Good, Washington, Trump, Freedom Caucus, House GOP Conference, Navy, Gaetz, , Wisconsin Republican, Capitol, Getty, House Republican Conference, Democratic, Nebraska Republican Party, Nebraska Republicans, , mailer, Republican Main Street Partnership, Nebraska GOP Locations: Nebraska, Texas, Florida, South Carolina, Virginia, Scott Perry of Pennsylvania, Wisconsin, Washington, Ukraine
“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.
Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, , Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, , CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America
Washington CNN —President Joe Biden on Friday honored 19 Americans with the nation’s highest civilian honor, the Presidential Medal of Freedom - a diverse list that includes some high-profile Biden political allies, celebrities, civil rights leaders and even one of his former political rivals-turned-financial backer. The list included two of Biden’s core allies in the House of Representatives: former House Speaker Nancy Pelosi and South Carolina Rep. Jim Clyburn. President Joe Biden awards the Medal of Freedom to Democratic Rep. James Clyburn during a ceremony in the East Room of the White House on May 3, 2024 in Washington, DC. President Joe Biden presents the Presidential Medal of Freedom to Olympic swimmer Katie Ledecky during a ceremony at the White House in Washington, DC, on May 3, 2024. They are the pinnacle of leadership in their fields,” the White House said in the statement.
Persons: Joe Biden, Biden, Nancy Pelosi, Jim Clyburn, Pelosi, Donald Trump, , ” Biden, “ Nancy, Paul, ” Clyburn, coalescing, Clyburn, James Clyburn, Kevin Dietsch, Jim, , Michael Bloomberg, Michelle Yeoh –, Barack Obama, Sen, Elizabeth Dole, Bob Dole, Al Gore –, John Kerry, George W, Bush, Gore “, Donald Trump’s, Kerry, Opal Lee, Medgar Evers, Frank Lautenberg, Jim Thorpe, Clarence B, Jones, Martin Luther King’s, Juneteenth, Judy Shepard, Matthew, Jane Rigby, Ellen Ochoa, Katie Ledecky, Phil Donahue, Greg Boyle, United Farm Workers Teresa Romero, Evelyn Hockstein, Simone Biles, John McCain, Gabby Giffords Organizations: Washington CNN, South Carolina Rep, Democratic, Representatives, Democratic Rep, White, New York, Bloomberg, Republican, Getty, Jesuit Catholic, United Farm Workers, Reuters “ Locations: South Carolina, Washington , DC, Florida, United States, North Carolina, Massachusetts, American, Delaware, Washington ,
Narendra Modi, India’s hugely popular but deeply polarizing prime minister, has landed in the battleground state of Uttar Pradesh as he campaigns for a third consecutive term in power. A Modi supporter at his rally in Aligarh, India, on April 22, 2024. And here in Uttar Pradesh, a sense of pride is evident among the thousands gathered to hear the prime minister speak. Supporters wave the flag of Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in Aligarh, India, on April 22, 20224. John Mees/CNNModi is expected to remain on the campaign trail until India’s next prime minister is named in early June, traversing the huge country, visiting city after city and delivering his roaring speeches that attract the masses.
Persons: Narendra Modi, India’s, Modi, John Mees, “ Modi, , Pramod Charma, ” Modi, he’s, , Gaurav Mahajan, Modi’s, Narendra Modi's, CNN Modi, Narayan Pachaury, Organizations: India CNN, Win, CNN, Bharatiya Janata Party, BJP spokespeople, selfies, Modi, Narendra Modi's Bharatiya Janata Party, BJP Locations: Aligarh, India, Uttar Pradesh, New Delhi, Russia, Gujarat, Rajasthan
If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."
Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, , that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America
Trump repeated false claims that many migrants are former prisoners or have been institutionalized in their home countries. John Moore/Getty ImagesTrump promised mass deportation in 2016 tooWhile he did not employ an Eisenhower-like effort the first time he was president, Trump is bringing the pledge back. Trump told Time he would target between 15 million and 20 million people who he said are undocumented in the US. Pew Research Center estimated the number of undocumented migrants in the US was around 10.5 million in 2021. As of 2021, it estimated about 3% of the US population and about 22% of the foreign-born population were undocumented.
Persons: Donald Trump, Trump, , , , Eisenhower, John Moore, Getty Images Trump, Joe Biden, ” Trump, Stephen Miller, We’re Organizations: CNN, Capitol, Historians, Getty Images, Eisenhower, Trump, Pew Research Center, National Guard, Guard, The New York Times, Supreme Locations: reclassifying, Mexico, Rio, El Paso , Texas, China
Varanasi, India CNN —The sun glistens on the Ganges as Hindu devotees bathe in the holy river’s waters, and the Muslim call to prayer reverberates through the dusty air. The Gyanvapi mosque, left, and Kashiviswanath Temple on the banks of the river Ganges in Varanasi, India, December 12, 2021. He believes Gyanvapi is not a mosque, but a Hindu temple, and wants to see his community worship inside the walls of the building. Vishwambhar Nath Mishra, the priest of a prominent Hindu temple in Varanasi, believes Modi’s stoking of religious tensions is ruining the fabric of Indian society. This is my country.”Read more from CNN’s India election coverage:Billions spent, jungle-trekking poll workers and voting at 15,000 feet.
Persons: Narendra Modi’s, Modi, Varanasi John Mees, Sana Sabah, trepidation, , Modi’s, Rajesh Kumar Singh, John Mees, Syed Mohammad Yaseen, , Hinduism John Mees, , Dileep Patel, inching, Nasir Ali, Ali, ‘ Jai Shree Sri Ram ’, Vijay Bedi, CNN Ali, Muzamil, Usman, it’s, Jai Shree Ram ”, Manish Swarup, Raja Singh, we’ll, Singh, , Jaiveer Shergill, spokespeople, haven’t, Shamsher Ali, Emperor Aurangzeb, Lord Shiva, Kashi Vishwanath Temple, Pawan Kumar, ” Ali, Yaseen, ” Syed Mohammad Yaseen, turbocharge, ” Modi, Ram, Lucas Vallecillos, Swami Jitendranand Saraswati, Gyanvapi, Swami Saraswati, Amit Pandey, Vishwambhar Nath Mishra, ” Mishra, ” Read, Narendra Modi Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, Rashtriya Swayamsevak Sangh, Modi, Bhajanpura Police, United Nations, Human Rights, ” CNN, Modi’s, Hate, AP BJP, T, Human Rights Watch, Amnesty International, International Federation for Human Rights, Reuters, Guards, Locations: Varanasi, India, Varanasi John, today’s India, , Hinduism, Jammu, Kashmir, New Delhi, Delhi, Mustafabad, Rajasthan, Jaipur, Gujarat, Washington, BJP, Ali, Kashi, Gyanvapi, John, Ayodhya, Uttar Pradesh
Opinion | The Prevalence of Standing Ovations
  + stars: | 2024-04-30 | by ( ) www.nytimes.com   time to read: +1 min
),” by John McWhorter (Opinion, April 16):The currency of the standing ovation is indeed seriously debased. The impulse to stand up during the ovation following a performance may in some cases represent a kind of unconscious one-upmanship. I confess that although I invariably applaud performances, I usually “sit out” the competitive appreciation derby, and haul myself to my feet only if I feel particularly inspired. To the Editor:I admit that I’m often among the first to give a standing ovation. I always wondered why the holdouts would deny something so simple to these hardworking actors.
Persons: Wahoo, John McWhorter, , I’ve, David English Acton Locations: Mass
Bernstein upgraded shares of Apple on Monday, saying they had fallen too far on fears of sluggish iPhone 15 sales and overall weak revenue in China. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here. Sacconaghi's upgrade note, which he titled, "Buy the fear," comes before Apple reports earnings Thursday evening. Bernstein also cites that history shows it pays to buy Apple shares in the three months ahead of a new iPhone launch, noting that the stock has outperformed in 15 of those past 17 periods. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here.
Persons: Bernstein, Buffett, Warren Buffett, Toni Sacconaghi, Berkshire Hathaway, YTD Bernstein, David A, CNBC Bernstein Organizations: Apple, Berkshire, Berkshire Hathaway, Grogan, CNBC Locations: China, Berkshire, Omaha , Nebraska
Taylor Swift's 15 best breakup songs, ranked
  + stars: | 2024-04-28 | by ( Callie Ahlgrim | ) www.businessinsider.com   time to read: +1 min
Larry Busacca/Getty ImagesWhen "Speak Now" was released, Swift wasn't shy about framing the album as a diary set to music. "Every single song is like a roadmap to what that relationship stood for, with little markers that maybe everyone won't know, but there are things that were little nuances of the relationship, little hints. And every single song is like that." "Dear John" is the most obvious example, likely owing its title to Swift's ex John Mayer (though it also doubles as a reference to a wartime breakup letter, historically sent from a woman to a soldier). Indeed, the tabloid fodder attached to "Dear John" may have threatened to eclipse the song's power, had 20-year-old Swift been a less capable songwriter.
Persons: John, Larry Busacca, Swift, Chris Willman, John Mayer, Willman, John Lennon's Organizations: Yahoo
AdvertisementIt could be all about recessionsSince the 1950s, whenever the US economy fell into a recession, the rate of working men tended to suffer a lasting blow. AdvertisementWhy have recessions appeared to have such a lasting impact on working men? The strong recovery of men working after the pandemic recession could be due to the unique nature of this downturn — which tanked an otherwise healthy economy. And of course, some lucky prime-age men aren't working because they've had a lot of financial success — and already retired. Deciphering how much these explanations have fueled the decline of working men could be worthy of further explanation, the economists said.
Persons: , It's, Abigail Wozniak, Wozniak, David Autor, There's, Jason Furman, Barack Obama's, Elise Gould, Gould, aren't, we've, John M, Coglianese, they've Organizations: Service, Federal Reserve Bank of Minneapolis, Massachusetts Institute of Technology, Washington Post, of Labor Statistics, San Francisco Fed, BLS, Economic, Economic Policy Institute, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBHP could aim for Rio Tinto after Anglo American rejects takeover offer, analyst saysIn the wake of Anglo American's rejection of BHP Group's takeover bid, John Meyer, partner at SP Angel, said that other interested buyers, like Chinese state-owned companies, could step in with a better offer. He added that BHP could instead aim for Rio Tinto, as there is "much more at stake here" than at Anglo American.
Persons: John Meyer Organizations: Rio Tinto, BHP, SP Angel Locations: American, Rio
But exactly how inflation is hurting, helping and confusing people is hard to understand. There’s a fancy name for the common human failure to see past the gaudy prices largely created by inflation. This widespread inability to recognize what money is really worth is known as money illusion. Irving Fisher, a Yale economist, wrote a book about it nearly a century ago. But their insights tend to be forgotten when prices are fairly stable, as they were in the United States until three years ago.
Persons: you’re, Irving Fisher, John Maynard Keynes Organizations: Yale Locations: British, United States
Tesla stock could surge 35% after its first-quarter earnings results, according to Bank of America. The bank upgraded Tesla stock to "Buy" and detailed a 4-part plan that could boost the stock. "The tide in news flow appears to suggest the risk to the stock is skewing more positively," BofA said. AdvertisementPositive catalysts are starting to build for Tesla after it announced a dismal first-quarter earnings report, according to Bank of America. Bank of America analyst John Murphy upgraded Tesla stock to "Buy" from "Neutral" and reiterated his $220 price target, representing potential upside of 35% from current levels.
Persons: BofA, , Tesla, John Murphy, Murphy Organizations: Bank of America, Service, Tesla, Investors
Bank of America thinks Tesla's first-quarter results mark the start of a big turnaround. Analyst John Murphy upgraded the electric vehicle maker to buy from neutral. He also reiterated his price target of $220, which implies upside of 52% from Tuesday's close. The upgrade comes as Tesla reported weaker-than-expected earnings and revenue for the first quarter. TSLA 1D mountain TSLA pops BofA's Murphy noted that the quarterly numbers "essentially knocked out the recent negative catalysts with facts or reasonable explanations."
Persons: Tesla's, John Murphy, Tesla, Elon Musk, BofA's Murphy, Price, Murphy Organizations: of America Locations: Tuesday's
His most famous piece is “4’33”,” which directs us to listen in silence to surrounding noise for exactly that period of time. I thought about what would have happened if protesters were instead chanting anti-Black slogans, or even something like “D.E.I. They would have lasted roughly five minutes before masses of students shouted them down and drove them off the campus. I’d wager that most of the student protesters against the Gaza War would view them that way, in fact. Why do so many people think that weekslong campus protests against not just the war in Gaza but Israel’s very existence are nevertheless permissible?
Persons: John Cage, , Israel’s, Jewish Organizations: Columbia University Locations: Gaza
Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.
Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China
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