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☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Apple, Rivian, Nio, Costco, Qualcomm
▼ + stars: | 2024-05-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates Nvidia as overweight Wells said it's standing by shares of Nvidia. Bank of America reiterates Apple as buy Bank of America said it's bullish on an iPhone with artificial intelligence features. "We maintain our Buy rating on Apple for its multi-year upgrade cycle, gross margin upside and secular services growth." Bank of America reiterates Dell as buy Bank of America said it's sticking with its buy rating on the stock following earnings. Morgan Stanley reiterates Nio as overweight Morgan Stanley said it's standing by its overweight rating on shares of Nio.

Persons: Oppenheimer, Morgan Stanley, Wells, Wynn, it's, Jefferies, Tesla, Dell, Wolfe, Alex Chriss, Rivian, Nio, robustly, Cantor Fitzgerald, Cantor, Rosenblatt Organizations: Beazer, Nvidia, MGM, " Bank of America, Apple, Bank of America, Edison International, Qualcomm, JPMorgan, Banks, PayPal, New, Citi, Lionsgate, Lionsgate Studios, UBS, Tesla, Resilience Locations: Macau, Las Vegas, California, Cincinnati, China, Nio, NetApp

☆ Expert who recovered the Titan sub wreckage says ocean exploration is about 'passion and a joy for exploration'
▼ + stars: | 2023-07-01 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Ed Cassano led the team that recovered the wreckage of the Titan sub. Cassano told a press conference that ocean exploration "was a passion and a joy for exploration." Odysseus 6K was the only ROV that took part in the search effort able to reach the depths of the Titanic wreckage. He said that they had prepared to rescue the Titan sub, but it soon became clear that the passengers could not have survived the journey. "Shortly after we arrived on the seafloor, we discovered the debris of the Titan submersible," he added.

Persons: Ed Cassano, 6K, Cassano, —, Hamish Harding, Dawood, Suleman, Paul, Henri Nargeolet, Paul Daly, Jasper Graham, Jones, it's, Graham Organizations: Service, Research Services, Titan, OceanGate, Stockton Rush, US Coast Guard, Canadian Press, AP, & Marine Engineering, Plymouth University Locations: British, Pakistani, French

☆ Titanic submersible: A robot is combing the sea floor for debris from the implosion as a multinational investigation begins
▼ + stars: | 2023-06-26 | by ( Nouran Salahieh Samantha Beech | Nouran Salahieh | Samantha Beech | ) edition.cnn.com time to read: +8 min

The US Coast Guard has convened a Marine Board of Investigation to probe the implosion – the “highest level of investigation the Coast Guard conducts,” US Coast Guard chief investigator Capt. Military experts found debris from the ill-fated submersible about 1,600 feet from the bow of the Titanic on Thursday, the US Coast Guard previously said. “This case has been extremely complex, involving a coordinated international, interagency and private sector response in an unforgiving and difficult to access region of the ocean,” US Coast Guard Rear Adm. John Mauger, the First Coast Guard District commander, said Sunday. The Coast Guard announced the vessel suffered a “catastrophic implosion,” killing everyone on board. Pelagic's remotely operated vehicle Odysseus 6 is lifted out of the ocean after searching for debris from the Titan submersible on June 22, 2023.

Persons: Jason Neubauer, ” Neubauer, “, ” Kathy Fox, Kent Osmond, John Mauger, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Odysseus, Neubauer, Paul Hankins, Jeff Mahoney, Mahoney, Rush, ” Rachel Lance, ”, Karl Stanley, ” Stanley, OceanGate, Guillermo Sohnlein, ” Sohnlein Organizations: CNN, US Coast Guard, Marine Board, Investigation, Coast Guard, Authorities, Prince, Transportation, Board of Canada, Royal Canadian Mounted Police, RCMP, Polar Prince, US, Guard, First Coast Guard District, OceanGate Expeditions, Stockton Rush, Titan, Research, Research Services, Salvage Operations, Ocean Engineering, Deep Energy, US Navy, Navy, Duke University, Rush Locations: Canada, St, John’s, British, French, Bahamas

DETROIT, June 15 (Reuters) - The venture capital arm of automaker Stellantis (STLAM.MI) said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and a mobility venture fund. Stellantis Ventures will put an undisclosed amount into a mobility venture fund that Bazih said he could not name because it has not finalized regulatory paperwork. The company is one of several established automakers that have set up venture capital arms to gain access to new technology and talent. Venture capital investments can go wrong 70 to 80% of the time, he said. Lyten, EV battery technology including lithium sulfur batteries.

Persons: Stellantis, Adam Bazih, Bazih, Joe White, Matthew Lewis Organizations: DETROIT, Stellantis Ventures, Venture, Stellantis, EV, Thomson Locations: Stellantis, Lyten, Detroit

☆ China, Russia launch joint air patrol, alarms South Korea
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +3 min

BEIJING, June 6 (Reuters) - China and Russia conducted a joint air patrol on Tuesday over the Sea of Japan and East China Sea for a sixth time since 2019, prompting neighbouring South Korea to scramble fighter jets. South Korea scrambled fighter jets, according to its military, after after four Russian and four Chinese military aircraft entered its air defence zone in the south and east of the Korean peninsula. An air defence zone is an area where countries demand that foreign aircraft take special steps to identify themselves. Unlike a country's airspace - the air above its territory and territorial waters - there are no international rules governing air defence zones. Since last week, the coast guard of the United States, Japan and the Philippines have held their first trilateral naval exercise in the South China Sea.

Persons: Wang Wenbin, Albee Zhang, Ryan Woo, Liz Lee, Simon Cameron, Moore Organizations: Air Defence, Russian, Thomson Locations: BEIJING, China, Russia, Japan, East China, South Korea, Russian, Ukraine, Beijing, Moscow, United States, Tokyo, India, Australia, Philippines, South China, Taiwan Strait, Chinese, U.S, Taiwan

☆ Chinese air force bombers show off their growing reach with a long-range drill over the South China Sea
▼ + stars: | 2023-02-20 | by ( Kristin Huang | South China Morning Post | ) www.businessinsider.com time to read: +5 min

Chinese H-6K bomber patrolling over islands and reefs in the South China Sea. "Probably, the fighter aircraft [was] deployed from the bases on the artificial islands in the Spratly Islands to support simulated strikes in the South China Sea. "The early warning aircraft can help monitor potential threats in the air, most notably enemy fighter aircraft that may try to shoot down the bomber. The early warning aircraft can also help coordinate activities among the different planes. Although the drill showed the enhanced ability of the Chinese air force, the bomber's capability boosted the threat already posed to US military forces by only a little, Heath said.

☆ Alphabet finally makes the tough call to lay off workers. Here's how its cut of 12,000 jobs compares to the rest of Silicon Valley.
▼ + stars: | 2023-01-20 | by ( Hasan Chowdhury | Asia Martin | ) www.businessinsider.com time to read: +5 min

Despite seemingly all of its internet peers announcing job cuts, Google likely hired another 6K employees in 4Q22," Schilsky wrote. The 12,000 figure shared by Pichai on Friday suggests Alphabet layoffs are roughly in line with most of its peers. Meta's layoffs of more than 11,000 employees — announced in November — work out to around 13% of the company's overall workforce. According to filings, 98% of Meta's revenue currently comes from ads, and 87% of Alphabet's revenue comes from advertising. This wouldn't be a problem, he suggests, if Meta's revenue per employee hadn't fallen over the last 12 months $1.6 million per employee to $1.4 million.

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☆ Russian and Chinese strategic bombers conduct joint patrols in Asia
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Nov 30 (Reuters) - Russian and Chinese strategic warplanes, including Tupolev-95 long-range "Bear" bombers, conducted joint patrols over the Sea of Japan and East China Sea, the Russian defence ministry said on Wednesday. South Korea's military said earlier that it scrambled fighter jets as two Chinese and six Russian warplanes entered its air defence zone. Russia's defence ministry said that "at certain stages of the route, strategic missile carriers were accompanied by fighters of foreign states." "An air group consisting of Tu-95MC strategic missile carriers of the Russian Aerospace Forces and strategic bombers XIAN H-6K of the PLA Air Force carried out air patrols over the waters of the Japanese and East China Seas," the ministry said. It said Russian and Chinese aircraft "acted strictly in accordance with the provisions of international law" and that no foreign airspace was violated.

☆ After flying another joint patrol, Russian and Chinese bombers landed at each other's bases for the first time
▼ + stars: | 2022-11-30 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Russian and Chinese strategic bombers flew a joint patrol over the Western Pacific on Wednesday. During this patrol, the Russian bombers landed in China and the Chinese bombers flew to a Russian base. The Russian Defense Ministry said that the Tu-95 bombers of the Russian air force and the Chinese H-6K bombers flew over the Sea of Japan and the East China Sea during an eight-hour mission. As part of the drills, the Russian bombers for the first time landed in China and the Chinese bombers flew to an air base in Russia, the ministry said in a statement. A Russian Tu-95 bomber and Chinese H-6 bombers on a joint patrol over the East China Sea on May 24.

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☆ 'Crazy stuff is happening at my work': Silicon Valley engineers are really freaking out right now
▼ + stars: | 2022-06-01 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Silicon Valley, perhaps even more than the rest of corporate America, has long been engaged in a two-sided battle over the pursuit of happiness. In the Silicon Valley that emerges on Blind, the engineers who strive for work-life balance are just as burned out as the late-night grinders. But Silicon Valley has always overindexed for Optimizers. If this is Silicon Valley today, nobody's happy, and everybody's burnt. Stereotypically, Silicon Valley engineers are grinders.

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