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A handful of stocks are entering or about to enter the worrisome so-called death cross. A death cross can also be indicative of a forthcoming bear market pattern. Intel Intel disappointed Wall Street's first-quarter expectations last week, when it posted a beat in earnings per share but came up light in revenue. McDonald's McDonald's has also drawn a death cross. CVS Health Unlike the other two names, CVS Health is nearing a death cross.

Persons: Wall Street's, Goldman Sachs, Toshiya Hari, McDonald's, Kevin Caliendo, Caliendo Organizations: Intel, CNBC, Intel Intel, Nvidia, CVS Health, CVS, UBS Locations: Gaza, mgt

The American right’s growing embrace of Orbán builds upon millions of dollars that his government has spent on lobbying in the US, and new connections between Hungarian and American conservative think tanks. “Make America great again, make Europe great again!” Orbán declared in English, before continuing in Hungarian: “Go Donald Trump! Conservatives from around the US, Europe and beyond traveled to Budapest for the two-day event, which was organized by a Hungarian government-funded think tank. Two American nonprofits that are actively planning policies for a second Trump term have shown an interest in Hungary and Orbán’s model. But some of the American conservatives who flew into the country for CPAC seemed more focused on the optics of Budapest than on democratic rights.

Persons: crackdowns, “, Viktor Orbán, Orbán, Donald Trump’s, ” Orbán, Donald Trump !, ” Trump, ”, Trump, Steve Bannon, President Trump, Gladden Pappin, Szilard Koszticsak, White, ” Pappin, “ saviors, Bannon, Kari Lake, Mark Meadows, Andy Harris, Zoltan Mathe, Paul Gosar, Christopher Rufo, István, Ron DeSantis, Trumpists, Kim Lane Scheppele, Orbán’s, Zsuzsanna Szelényi, ” Szelényi, Márton Gulyás, influencers strode, Joey Mannarino, ” Kyung Lah, Anna, Maja Rappard, Casey Tolan, Curt Devine Organizations: Hungary CNN —, Republican, Conservative, Trump, European Union, Hungarian Institute of International Affairs, Conservative Political, “ Conservative, White House, ”, Republican Arizona, CNN, Department of Justice, Southern Poverty Law, Heritage Foundation, America, Policy Institute, Institute, Florida Gov, Princeton Locations: Budapest, Hungary, American, Europe, Lago, Dallas, America, Hungarian, Arizona, United States, Paul Gosar of Arizona, Florida, “ Hungary, marveled, New York, Washington

☆ GM and Ford's gas-powered profits and hybrid successes show how hard it will be for Tesla to weather an EV slowdown
▼ + stars: | 2024-04-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla finally has to deal with the EV slowdown. The EV company can't rely on hybrids and gas cars like competitors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Both Ford and GM exceeded analyst expectations for the first quarter thanks to cost cutting and stronger demand for gas-powered cars. But the tables have turned now as traditional automakers are able to tap into a newly popular segment unoccupied by Tesla: hybrids.

Persons: Tesla, Musk, —, Elon, Mary Barra, Barra, ruffle Musk Organizations: EV, Service, Ford, GM Locations: North America

☆ Here are Friday's biggest analyst calls: Nvidia, Microsoft, Alphabet, Apple, Snap, Intel, Western Digital and more
▼ + stars: | 2024-04-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Alphabet as buy Bank of America said it is sticking with its buy rating on Alphabet following earnings Thursday. Deutsche Bank reiterates Snap as buy Deutsche Bank said it is sticking with its buy rating on the stock following earnings on Thursday. " Goldman Sachs reiterates Intel as sell Goldman Sachs said it is standing by its sell rating on Intel shares following earnings Thursday. Benchmark upgrades Western Digital to buy from hold Benchmark upgrades Western Digital following the company's "major upside" earnings report. Bank of America reiterates Nvidia as buy Bank of America said Nvidia remains a top idea at the firm.

Persons: Goldman Sachs, prioritization, Maxim, Bank of America downgrades Hertz, Raymond James, Knight, Morgan Stanley downgrades Mobileye, Morgan Stanley, Piper Sandler, Wells, Dow Organizations: Bank of America, Deutsche, Deutsche Bank, Microsoft, Intel, TAM, Apple, Barclays, Enphase Energy, Digital, " Bank of America, Sonic Automotive, underperform Bank of America, Underperform, of America, Nvidia, AMD, MU, Caterpillar, Air Defense, Swift Transportation, EPAM, IT Services, Materials, Compass Minerals, JPMorgan, Dow, Teledyne, HSBC Locations: China, underperform, Israel

☆ Tesla is blaming struggling EV sales on hybrid craze
▼ + stars: | 2024-04-23 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Tesla is blaming hybrids for stealing EV sales. Inexpensive hybrid cars have become a popular choice for green-car shoppers. That's a real problem for Tesla, which doesn't sell hybrids. In the opening page of its first-quarter earnings presentation Tuesday, Tesla blamed an industry-wide prioritization of these partially battery-powered cars for putting pressure on global EV sales and — by extension — Tesla's sales. After years of wealthy early adopters clamoring for expensive new technology, today's EV shopper is more frugal and practical — and more interested in hybrid models that fit their everyday needs.

Persons: Tesla, —, Elon Musk's Tesla, Tesla's Organizations: Service, Toyota, Musk's EV

“Their tactics have changed – unfortunately, not for the better for us,” Svitlana Grynchuk, Ukraine’s deputy energy minister, told CNN. In the first two years of war, Russian attacks were more scattered, firing salvos of missiles to target large swathes of Ukraine’s energy system. More than 200,000 people were left without power after Russian attacks Thursday. But Ukraine is now confronting a wholly different task: repairing not just substations, but entire power plants. Rather than rebuilding large – and, without air defenses, vulnerable – power plants, it may shift how it produces its energy.

Persons: ” Svitlana, –, ” Grynchuk, Oleksandr Kharchenko, ” Kharchenko, Rather, ” Maxim Timchenko, ”, Evgeniy, Kharchenko, ” Olena Pavlenko, Pavlenko, It’s, it’s, Herman Halushchenko, ” Halushchenko, Maria Tsaturian, Pilipey, Andriy Gota, ” Tsaturian, Grynchuk Organizations: CNN, Energy Industry Research Center, Workers, DiXi, Energy, “, Getty Locations: Ukraine, Russia, Kyiv, Russian, United, ”, Kharkiv, Ukrenergo, Ukraine’s, AFP

☆ American drones are glitching and getting lost in Ukraine, giving way to a flood of Chinese drones
▼ + stars: | 2024-04-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

American drones aren't performing as well as those from other countries, like China's, in Ukraine. AdvertisementThe drone war in Ukraine is constantly evolving and forcing both sides to innovate quickly. American-made drones haven't excelled on the battlefield, prompting Ukraine to turn to buying Chinese-made drones. Chinese DJI drones have long played a role in the war, with Ukraine buying many of the retail models. Many said that details on the program were unclear, especially with Chinese dominance in the small drone industry.

Persons: —, haven't, Adam Bry, that's, Replicator Organizations: Wall Street Journal, Service, Wall Street, Getty, Pentagon, Defense Locations: Ukraine, American, Russia, Ukrainian, Zaporizhzhia, Russian

☆ Gen Z workers in China are picking 'gross outfits' over corporate glam because they don't get paid enough to look fly
▼ + stars: | 2024-04-07 | by ( Alexandra Bacon | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

But a new trend flooding Chinese social media takes casual to the next level, with young workers sharing videos of themselves wearing their "grossest" clothes to the office. The hashtag "gross outfits at work" has been taking over Chinese social media platforms such as Douyin, the Chinese version of TikTok, and Xiaohongshu, an Instagram-like app. AdvertisementOne woman posted a video of her colleagues being criticized by their boss for their gross outfits on Douyin, the Chinese version of TikTok. Douyin"They are getting criticized by the boss for their gross outfits," one Douyin user said amid fits of laughter in a video she'd posted on March 7. In a separate Douyin video, which was posted in February, a woman could be seen touting her "gross outfit."

Persons: —, Wei, Ant, Candise Lin, netizens, Lin, Jack Porteous, TONG, Porteous, hadn't Organizations: Service, Business, TONG Global Locations: China

☆ Trump and allies pressure Nebraska to change how it awards electoral votes
▼ + stars: | 2024-04-03 | by ( Daniel Strauss | Jeff Zeleny | ) edition.cnn.com time to read: +6 min

CNN —Former President Donald Trump and his allies have ramped up pressure for Nebraska lawmakers to change the method the state divvies out electoral college votes, an effort that underscores just how narrow the race for 270 electoral votes could be in the November rematch with President Joe Biden. Conservative activist Charlie Kirk kicked off the effort on Tuesday, sending a message on social media urging Nebraska Republicans to act. For weeks, the Biden campaign has had its eye on Omaha and its one electoral vote. For all the talk of Biden’s blue wall of Wisconsin, Michigan and Pennsylvania, winning all three could still leave him short of 270 electoral votes. The 2020 census changed the map based on decreasing populations in Pennsylvania and Michigan, so one of Nebraska’s three electoral votes could become critical should there be a 269-269 tie with Trump.

Persons: Donald Trump, Joe Biden, Charlie Kirk, Jim Pillen, Trump, Jim Pillen of, Let’s, ”, Sen, John Arch, ” Arch, I’m, “, Jen Day, Biden, Megan Hunt, it’s, Jane Kleeb, Loren Lippincott, ” Lippincolt, Trump’s Organizations: CNN, Nebraska, Republicans, Conservative, Nebraska Republicans, Republican Gov, Truth, Republican, “, LB, Capitol, Omaha, Democratic, Nebraska Democratic, Lincoln Journal Star, Trump Locations: Jim Pillen of Nebraska, Nebraska, Lincoln, Omaha, ” Nebraska, Maine, Wisconsin , Michigan, Pennsylvania, Michigan

☆ US Army general says the 'future is not bright' for towed artillery, like the M777s America gave Ukraine to fight the Russians
▼ + stars: | 2024-03-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewA US Army general said the age of the towed artillery cannon may be coming to an end and suggested the prioritization of other, more mobile options. The general's comments on towed artillery, systems like the M777 howitzer, come as these weapons are being used in the war in Ukraine. Related stories"I personally believe that we have witnessed the end of the effectiveness of towed artillery: The future is not bright for towed artillery," Rainey said, according to Breaking Defense. US soldiers fire a M777 towed 155 mm howitzer during an exercise at Vilseck, Germany on Feb. 13, 2024. Drones, for instance, have dominated the skies and have easily targeted artillery systems and denied troops mobility and access to safely move pieces to new positions.

Persons: —, James Rainey, Rainey, William Kuang, Charlie Battery, Savannah Smith, it's Organizations: Service, Army, Artillery, Business, Association of, United States Army's Global Force, US Army Futures Command, Breaking Defense, Spc, US Army, Defense, Cannon Artillery, Arkansas National Guard, 1st Battalion, 206th Field Artillery Regiment, Fort Chaffee, 119th Mobile Public Affairs, Kyiv Locations: Ukraine, Kyiv, Vilseck, Germany, Russia

☆ What the US Army should learn from Ukraine's hasty retreat from a Russian assault
▼ + stars: | 2024-03-24 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

And it should be a wake-up call for the US Army, which could find itself in the same situation, according to a US Army intelligence officer. With the potential for large-scale ground operations against well-armed Chinese or Russian forces, it's a topic that the US military cannot afford to neglect. The Ukrainian retreat suffered from poor coordination between the 110th Mechanized Brigade that had been defending the city, and the newly arrived 3rd Assault Brigade that was supposed to cover the 110th's withdrawal. The other lesson of Avdiivka is ensuring adequate support for a retreat, especially for the covering force that screens the withdrawal of the rest of the army. AdvertisementTo their credit, and despite a lack of ammunition, Ukrainian commanders were able to provide some fire support for the retreat.

Persons: It's, Ryan Forte, —, Forte, Corbis, Avdiivka wasn't, Michael Peck Organizations: Service, US Army, Business, Modern, Institute, 3rd Assault Brigade, Zenit, US, Union Army, Army, Marine Corps, 110th Mechanized Brigade, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Avdiivka, West, Donetsk, Russian, Russia, Moscow, Tunisia, Bull, Korean, America, Korea, Ukrainian, Forbes

☆ Problems in China have US intelligence worried the rising military power may become 'even more aggressive and unpredictable'
▼ + stars: | 2024-03-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

China may act "even more" aggressively and unpredictably thanks to its domestic problems, US intel said. China's demographic issues, as well as economic challenges, put its leadership and military in difficult positions. US intel suggested China's global leadership and military ambitions are meeting resistance. AdvertisementAs China grapples with mounting domestic challenges, its already concerning behavior on the world stage may become even more aggressive and unpredictable, according to US intelligence. "China's serious demographic and economic challenges may make it an even more aggressive and unpredictable global actor," the threat assessment said.

Persons: —, Xi Jinping, Yang Jie, That's Organizations: intel, Service, US Intelligence Community, National Intelligence, Pentagon, People's Liberation Army Navy, Getty, Democratic Progressive Party's, East China, East China Seas, Liberation Army, Chinese Communist Party, CCP, Force Locations: China, United States, China's, Zhanjiang, Guangdong Province, Xinhua, Taiwan, Beijing, South, East, East China Seas, Philippine, PRC, People's Republic of China, Hefei, Anhui province, COVID

☆ The great YouTube exodus is coming — leaving AI junk and MrBeast to reign supreme
▼ + stars: | 2024-03-12 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +12 min

Read previewWhen MatPat announced he would leave behind his renowned YouTube channel The Game Theorists this year, he also had a prediction: 2024 will be the year we see a mass exodus from the platform. Speaking with the Guardian, he said he'd seen many of his peers reducing how much time they were dedicating to YouTube. AdvertisementJenna Marbles said goodbye to her YouTube channel back in 2020 after criticism over her old content. Hannah Witton / YouTubeScaling up in an AI worldWitton said she's always been aware of the "growth trap" creators can fall into. "I've seen cheap five-second videos of just an AI voice reading a summary of a movie," Tran said.

Persons: —, MatPat, YouTubers, Jenna Marbles, Tyler Oakley, Tanya Burr —, Zoe Sugg, Lilly Singh, Dave Kotinsky, Matthew Patrick, Patrick, Stephanie, Tom Scott, he'd, Zoe Glatt, Glatt, YouTube's, Ollie, He's, Hannah Witton, it's, you've, Witton, she's, we've, Christine Tran, Tran, Emma Chamberlain, Jacopo Raule, That's, It's Organizations: Service, YouTube, Business, Media, Guardian, University of Toronto Locations: Suez, Witton

☆ NASA had an ambitious $2 billion plan to refuel satellites in orbit using robotic arms. A decade later, it's in shambles.
▼ + stars: | 2024-03-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe National Aeronautics and Space Administration (NASA) is giving up its mission to refuel old satellites in orbit, putting an end to an ambitious $2 billion project plagued by delays and technical setbacks. The administration said on Friday that it's discontinuing the effort after an independent review, citing "continued technical, cost, and schedule challenges." NASA said it's working on mitigating the impact of the OSAM-1's cancellation on staff at the Goddard Space Flight Center in Greenbelt, Maryland. NASA and Maxar did not immediately respond to requests for comment sent outside regular business hours by Business Insider.

Persons: —, wasn't, Maxar, it's Organizations: Service, National Aeronautics and Space Administration, NASA, Business, Technologies, Staff, Goddard Space Flight, CNBC Locations: California, Greenbelt , Maryland

Black representation in the boardrooms of health care organizations remains insufficient to help meet the needs of the communities they serve despite modest progress made in recent years, according to a new analysis from the nonprofit Black Directors Health Equity Agenda. Among that group, 66% of Black board members were men and 34% were Black women. The report’s release coincides with a BDHEA summit convening in the nation’s capital this week that will focus on board diversity and other key issues of health equity. A similar diversity trend was found among the country’s top health care payers, such as insurers. A limited understanding of the value of diversity and key topics such as implicit bias, health equity, and the importance of addressing the social determinants of health.

Persons: –, “, ”, Deborah Phillips, ’, SCOTUS Organizations: Black, Health, –, EY Center for Health Equity, ”, Association of American Medical, U.S, Supreme Locations: U.S

☆ Premarket stocks: Retailers warn Wall Street to expect less shopping this year
▼ + stars: | 2024-03-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Lowe’s: The home improvement giant projected total sales of $84 billion to $85 billion for 2024 in fourth-quarter results reported on Tuesday. Mortgage rates edge closer to 7%, dampening start of spring homebuying seasonUS mortgage rates climbed for the fourth week in a row, inching closer to 7% just as peak homebuying season gets underway, reports my colleague Anna Bahney. “Mortgage rates continued their ascent this week, reaching a two-month high and flirting with 7% yet again,” said Sam Khater, Freddie Mac’s chief economist, in a statement. Since reaching a 20-year high of 7.79% in October, mortgage rates have been slowly falling. But in recent weeks, as the market absorbs expectations that the Federal Reserve will not cut its benchmark lending rate until later this year, mortgage rates have trended higher.

Persons: they’re, ”, Marvin Ellison, Macy’s, Tony Spring, Corie Barry, ’, ” Barry, Diksha Madhok, Hanna Ziady, “, Thamashi De Silva, Knight Frank, Read, Anna Bahney, Freddie Mac, Sam Khater, Freddie Mac’s, Khater Organizations: CNN Business, Bell, New York CNN — Companies, Federal Reserve, Commerce Department, United States’s, Gross, Capital Economics, “ Locations: New York, That’s, India

☆ The four-day work week is here to stay at UK companies that tried it
▼ + stars: | 2024-02-22 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —One year after the conclusion of the world’s biggest trial of a four-day work week, a large majority of companies that took part were still allowing their employees to work a shorter week and more than half had made the change permanent. All said the four-day week had a positive impact on their company. The Autonomy report also highlights the methods organizations have used to sustain a four-day week, including revising the norms around meetings, work communications and prioritization. “In this study, it has been clear the four-day week is not just a flash in the pan: companies around the UK have successfully been ‘making it stick’,” the authors wrote. There have been a number of experiments with the four-day week around the world, including a trial in 2022 across 33 companies, with the majority of workers based in the United States and Ireland.

Persons: ”, Juliet Schor Organizations: London CNN, Autonomy, Cambridge, Oxford, Boston College, Staff Locations: United Kingdom, United States, Ireland

☆ India's moment has arrived — but many hurdles remain
▼ + stars: | 2024-02-04 | by ( Spriha Srivastava | Polly Thompson | ) www.businessinsider.com time to read: +8 min

India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.

Persons: —, Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine

☆ Olympic sponsorship deal with beer company AB InBev criticized as ‘cynical’ and ‘an odd pairing’
▼ + stars: | 2024-01-31 | by ( George Ramsay | ) edition.cnn.com time to read: +10 min

In a room crowded with people in suits, the sponsorship deal with brewing giant AB InBev was met with beaming smiles and the clinking of beer bottles by many of those in attendance. AB InBev is the latest company to participate in The Olympic Partner (TOP) program – the highest level of Olympic sponsorship – alongside the likes of Coca-Cola, Visa and Deloitte. AB InBev said that it would not reveal the cost of its deal with the IOC. Stuart C. Wilson/Getty Images for AB InBevThe IOC and AB InBev see the deal as part of a wider market demand for non-alcoholic drinks which, despite being in circulation for decades, have had a recent surge in popularity. Some brands have found ways to navigate France’s restrictive laws when it comes to alcohol advertising.

Persons: Thomas Bach gushed, ” Bach, ”, ” Andrew Misell, Kin Cheung, Sportcal, Michel Doukeris, Thomas Bach, Stuart C, Wilson, Molson Coors, ” Marcel Marcondes, “ Corona Cero, Marcondes, Bach, Garde, ” Ian Gilmore, “ Corona, ” Alex Barker, ” Barker, Xavier Laine Organizations: CNN, Olympic Committee, InBev, IOC, Corona, Cortina, Alcohol, CNN Sport, Cola, Visa, Deloitte, Health, WHO, Centers for Disease Control, University of Liverpool, ”, Getty, AB InBev, Heineken, Molson, Games, Alcohol Health Alliance, University of Derby, rugby’s, Nations, Guinness, Stade de France, French rugby, Wales, TOP Locations: London, Corona Cero, Paris, Milan, Los Angeles, Tokyo, Corona, Garde

☆ Zelenskyy may want a new commander to replace Ukraine's 'Iron General,' reports say amid signs of rifts in the relationship
▼ + stars: | 2024-01-31 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Read previewUkrainian President Volodymyr Zelenskyy may be moving to replace his top commander, Gen. Valery Zaluzhny, after a period of reported tension between the two. The possibility of such a shake-up raises questions about who would replace Zaluzhny, nicknamed the "Iron General," as well as what Zelenskyy's goals are for Ukraine's war effort in 2024. A senior official familiar with the conversation confirmed to The Washington Post that the Ukrainian president told Zaluzhny he was being removed on Monday. President Of Ukraine Volodymyr Zelenskyy speaks during meeting with Ukrainian railway workers on November 4, 2023, in Kyiv, Ukraine. AdvertisementA deeper, perhaps more personal division between the Ukrainian president and his top general may also be Zaluzhny's popularity.

Persons: —, Volodymyr Zelenskyy, Valery Zaluzhny, Zelenskyy's, Zaluzhny, Ignacio Marin, Zelenskyy, Republicans —, what's, Kyrylo Budanov, Gen, Oleksandr Syrsky, Ukraine Volodymyr Zelenskyy, Viktor Kovalchuk Organizations: Service, Business, The Washington Post, Anadolu, Getty, Ukraine —, Republicans, Zaluzhny, Economist Locations: Russian, Ukraine, Donetsk Oblast, Israel, Russia, Kharkiv, Kyiv, West, Zelenskyy

☆ Jack Dorsey's Block lays off 'large number' of staffers, adding to wave of tech industry cuts
▼ + stars: | 2024-01-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

While Dorsey did not specify the number of Block employees laid off on Tuesday, a person familiar with the company said the number was close to 1,000. Dorsey did say that the layoffs focused on Block workers at Cash App, Foundational, and Square. Staffers were told separately that Block would look to reduce head count by about 10%, as BI reported. Google and Amazon made significant cuts to head count, while Meta is slimming down more roundaboutly by eliminating certain job titles and telling affected workers they can reapply. You can read Dorsey's full note to Block staff below:Team,Today our Cash App, Foundational, and Square teams are parting ways with a large number of our teammates.

Persons: Jack Dorsey, Dorsey, Cash, Kali Hays Organizations: Business, Cash, BI, Google, Amazon, Meta, Marketing, Creative Locations: Commerce, khays@insider.com

☆ Investing in Space: Sector led Lockheed and Northrop growth last year
▼ + stars: | 2024-01-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But, when Lockheed Martin and Northrop Grumman both reported 2023 results this week, it was a different story. For both companies, space was the top segment for sales growth in 2023 — by a wide margin. You'd think with such strong results, space would be a highlight of quarterly earnings calls. But for both Lockheed and Northrop, executives and analysts still only mentioned space in passing.

Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman, Northrop, Morgan Brennan, Jay Malave, It's, it's, We've Organizations: Lockheed, Northrop, Vulcan, Boeing Locations: ULA

Gene therapy has allowed several children born with inherited deafness to hear. Globally, 34 million children have deafness or hearing loss, and genes are responsible for up to 60% of cases. Hereditary deafness is the latest condition scientists are targeting with gene therapy, which is already approved to treat illnesses such as sickle cell disease and severe hemophilia. Also, some people consider gene therapy for deafness ethically problematic. "This is real proof showing gene therapy is working,” Chen said.

Persons: ”, Zheng, Yi Chen, Dr, Yilai Shu, Chen, Eli Lilly, Akouos, he's, John Germiller, ” Germiller, “, Lawrence Lustig, Teresa Blankmeyer Burke, ” Chen Organizations: Children's Hospital of Philadelphia, Fudan University, Shanghai Refreshgene Therapeutics, Regeneron Pharmaceuticals, Decibel Therapeutics, Columbia, Gallaudet University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: China, Shanghai, Philadelphia, Spain

☆ Amazon is laying off 'several hundred' employees across Prime Video and Amazon MGM Studios — read the memo
▼ + stars: | 2024-01-10 | by ( Lucia Moses | Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

The company is laying off "several hundred" employees across Prime Video and Amazon MGM studios. "As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization." In April 2023, Amazon Studios (now Amazon MGM Studios) and Prime Video teams cut about 100 people — a tiny fraction of Amazon's 27,000 layoffs last year. As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization. Prime Video is one of the most popular benefits for Prime members, and one of most widely used entertainment destinations in the world.

Persons: Mike Hopkins, Hopkins, Amazon's, Jen Salke, Freevee, We've, we've, Amazonians who've, Mike Organizations: Service, Prime, MGM, Amazon MGM Studios, Business, Hollywood Reporter, Bloomberg, Hollywood, Amazon Studios Locations: Americas, Hollywood

☆ Amazon cuts hundreds of jobs in Prime Video and MGM Studios: Read the memo to employees
▼ + stars: | 2024-01-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Here's the full memo from Hopkins:Team,We've taken significant steps towards our long-term vision of making Prime Video the first-choice entertainment destination for customers worldwide, and I'm proud of everything we've accomplished as a team to date. And, through our acquisition of MGM, we've increased our investments in theatrical films and driven growth in MGM+ and our licensing and third-party production businesses. As a result of these decisions, we will be eliminating several hundred roles across the Prime Video and Amazon MGM Studios organization. It is hard to say goodbye to talented Amazonians who've made meaningful contributions on behalf of our customers, team and business. Prime Video is one of the most popular benefits for Prime members, and one of most widely used entertainment destinations in the world.

Persons: We've, we've, Amazonians who've, Mike Organizations: Amazon, Hopkins, MGM, Prime, Amazon MGM Studios Locations: Americas

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