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The bus manufacturer has seen a boom in its EV bus business thanks to a $5 billion government program. AdvertisementThe school bus manufacturer sold a record 210 electric school buses in the quarter and said it had an order backlog of about 500 electric buses, with bookings soaring 56% from the year-ago period. Helping fuel Blue Bird's EV school bus business is the US Environmental Protection Agency's Clean School Bus Program, which was established in the 2021 Bipartisan Infrastructure Law and provides $5 billion in funding to replace diesel school buses with electrified buses. AdvertisementAccording to research from Barclays, an electric school bus can sell for more than $300,000 compared to just $100,000 for traditional school buses. "EV school bus growth is in the early innings.
Persons: , Blue Bird, Phil Horlock, Needham, Chris Pierce Organizations: Bird Corp, EV, Service, Blue Bird Corp, YCharts, School Bus Program, Law, Barclays, Bird
The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.
Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah
Opinion | Elon Musk Is Making a Giant Mistake … Unless?
  + stars: | 2023-12-01 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
Elon Musk is so smart that you have to wonder if trashing X, formerly Twitter, is somehow in his best interest. This couldn’t possibly be one giant mistake, could it? Actually I think it is a giant mistake. There is, however, an unlikely scenario where damaging X in the short run might benefit Musk in the long run. He cut more than three-quarters of the staff, including most of those involved in keeping hate speech off the platform, which predictably resulted in more hate speech and fewer advertisers.
Persons: Elon Musk, Organizations: The New York Times DealBook Summit
X's valuation has dropped on average nearly $70 million per day during Elon Musk's first year of ownership. AdvertisementAdvertisementX has shed nearly $70 million in value per day since Elon Musk took over the social media company. On Monday, Insider confirmed that employees of the company formerly known as Twitter were given stock grants that showed the social media company was worth about $19 billion. "How do you make a small fortune in social media?" Despite the backlash, X CEO Linda Yaccarino and Musk have continued to strike a postive note.
Persons: Elon Musk's, , Elon Musk, Fortune, Musk, Linda Yaccarino, Yaccarino, Insider's Lara O'Reilly, Twitter's, Parag Agrawal, He's Organizations: Service, Elon, Twitter
Here’s a (non-exhaustive) account of how Musk has fundamentally changed Twitter since he made one of the most consequential acquisitions of the social media age. Many of Musk’s content and product decisions have also led to what civil society groups have reported as a troubling spread of hateful speech on the platform. He recommended that X users monitor the Israel-Hamas conflict by following an account known for spreading disinformation, before later deleting his post. And, in an attempt to prove that former Twitter executives deliberately discriminated against conservatives on the platform, Musk provided a handpicked group of journalists with selective access to company records. It is perhaps Musk’s all-consuming presence that has most undermined what users used to love about Twitter.
Persons: New York CNN — It’s, Elon Musk, Linda Yaccarino —, Yaccarino, ” Yaccarino, , it’s, Here’s, Musk, he’s, Donald Trump, LeBron James, James, , X, General Mills, ” Weeks, “ Elon, what’s, , Paul Pelosi, Dilbert, Scott Adams, George Soros, Joe Biden’s, Ron DeSantis ’, Robert F, Kennedy, Jr, Tucker Carlson, Vivek Ramaswamy, Benjamin Netanyahu, Hunter Biden Organizations: New, New York CNN, Elon, Twitter, US Federal Trade Commission, Securities, Exchange Commission, EU, Premium, Nintendo, NPR, PBS, Volkswagen, , Center, Defamation League, Wall Street, Florida Republican Gov, Fox, New York, Trump Locations: New York, Israel, United States, breakeven, New
Musk has dismantled core features of what made Twitter, Twitter — its name and blue bird logo, its verification system, its Trust and Safety advisory group. “We’re still negative cash flow," he posted on the site on July 14, due to a about a "50% drop in advertising revenue plus heavy debt load." Insider Intelligence estimates that X will bring in $1.89 billion in advertising revenue this year, down 54% from 2022. “Even though the cultural relevance of Twitter was already starting to decline," before Musk took it over, "it’s as if the platform no longer exists. Usually when a social platform, starts to lose its relevance there are at least some external factors at play, but that’s not the case here.”
Persons: Elon Musk, it's, hasn’t, Jasmine Enberg, Musk, ” Enberg, , Ian Bremmer, , algorithmically, ” It's, We’re, , Linda Yaccarino, it’s, that’s Organizations: FRANCISCO, , Twitter's San, Twitter, Media Matters, European Commission, NBC, Facebook, Meta, Google, ., Intelligence Locations: Twitter's, Twitter's San Francisco, Maine, Israel
Australia's eSafety commissioner on Sunday fined X, the social media platform formerly known as Twitter, 610,500 Australian dollars, over $380,000 U.S., for failing to properly disclose information about how it polices child abuse content. The legislation requires online service providers to report how they crack down on child abuse content on their platforms. The notices had specific questions for the companies to answer about how they handle child exploitation content. According to the eSafety commissioner, X did not answer many of the questions and left "some sections entirely blank." It said it found "serious shortfalls" in how child abuse content is policed on the five platforms it filed legal notices to.
Persons: Elon Musk, Australia's, Julie Inman Grant, X Organizations: Elon, Google, NBC News, CNBC, Trust Locations: Australia
Twitter Is Now X? Why Not the Elon Enterprise?
  + stars: | 2023-09-16 | by ( Danny Heitman | ) www.wsj.com   time to read: 1 min
Wonder Land: As if Trump-Biden weren’t enough, two of the U.S.’s most prominent CEOs may actually duke it out. Images: AFP/Getty Images Composite: Mark KellyIt’s been a few weeks since Elon Musk changed the name of his social-media platform from Twitter to X, and the reviews so far have been cool. Many users are finding ways to keep the brand’s iconic blue bird on their devices. For legions of holdouts, Twitter will always be Twitter.
Persons: Trump, Biden, Mark Kelly It’s, Elon Musk Organizations: Getty, Elon, Twitter
The Mysterious Allure of a Mogul’s Favorite Letter
  + stars: | 2023-08-31 | by ( Ben Zimmer | ) www.wsj.com   time to read: 1 min
Ever since Elon Musk announced in late July that Twitter was going to be rebranded as X, the decision has generated no end of agita from longtime users of the social-media platform. Lately some fans of the pre-Musk regime have even deployed online tools to banish the new stylized X logo from their screens and bring back Twitter’s familiar blue bird.
Persons: Elon Musk Organizations: Twitter
ICYMI, YouTube is introducing rounded corners. In stark contrast to Meta's and Twitter's headline-grabbing changes, YouTube quietly unveiled a very subtle one: rounded corners, as seen in the screenshot below. YouTube videos now have rounded corners instead of sharp edges. InsiderA YouTube spokesperson confirmed the change to the Verge on Tuesday, saying that rounded corners on its videos will soon be coming to all users. The platform introduced its "Twitter-killer" rival before quickly losing the majority of its active users in a month.
Persons: Twitter —, Elon Musk, That's, Organizations: YouTube, Morning, Twitter, Facebook Locations: Canada
Twitter became X last month, but major brands have been slow to adopt the new logo. It's been almost a month since Twitter rebranded to X, but most major brands haven't scrubbed the blue bird logo from their marketing yet. Other giant corporations like General Motors, American Express, Amazon, Comcast, and L'Oreal have continued to carry the old Twitter logo on their websites. X released a new brand toolkit with logo templates and other marketing assets for marketers to use earlier this month. Musk changed the company name of Twitter to X Corp. earlier this year and replaced Twitter's branding on July 24 .
Persons: Twitter, It's, Procter, Gamble —, Matt Boffey, Boffey, Marissa Mulvihill, Musk Organizations: Twitter, General Motors, American Express, Comcast, L'Oreal, IBM, X Corp, PayPal, Brand Finance, Design, Partners Locations: Amazon
Xpeng — The electric car maker stock declined 5% after the company reported a larger-than-expected loss in the second quarter. XPeng reported a loss of 2.8 billion yuan, while analysts polled by Refinitiv had forecasted 2.13 billion yuan. Ross Stores reported second-quarter earnings per share of $1.32, beating the $1.16 expected from analysts polled by Refintiv. Deere reported earnings of $10.20 per share on revenue of $15.8 billion. Analysts polled by Refinitiv called for earnings of $8.20 per share and revenue of $14.25 billion.
Persons: Xpeng, XPeng, Refinitiv, FactSet, Estee Lauder, Nio, Alibaba, JD.com, PDD, , Alex Harring, Michelle Fox Organizations: Strategic Education, Bank of America, Ross Stores, Refintiv . Revenue, Nvidia, FactSet, Deere Locations: China
Bank of America says Blue Bird is a winning post-pandemic growth story for investors. Blue Bird stock has soared more than 91% from the start of the year. BLBD YTD mountain Blue Bird stock. Analyst Sherif El-Sabbahy labeled Blue Bird "a turnaround story with significant upside," and lauded the company's ability to navigate difficult macroeconomic headwinds including higher costs and inflation. "Blue Bird is also well positioned to lead in electrification for school buses, as $5bn in federal funding ramps, and newer entrants'/ competitor's suppliers' falter," he said.
Persons: Sherif El, Sabbahy, Bird, — CNBC's Michael Bloom Organizations: of America, EV Locations: EBITDA
X, formerly known as Twitter, is getting a new feature: video calls. CEO Linda Yaccarino said the update is part of Elon Musk's rebrand of Twitter into an everything app. "Even when we announced that I was joining the company, I was joining the company to partner with Elon to transform Twitter into X," Yaccarino told CNBC. Musk's vision for an everything app named X dates back to his days at PayPal at the turn of the millennium. After ending the video, Musk posted that X's live video feature "now works reasonably well."
Persons: Linda Yaccarino, you'll, Yaccarino, Elon, Andrea Conway, Enrique Barragan, X, We'll, , Musk, livestreamed Organizations: Twitter, Elon Musk, CNBC, PayPal Locations: Elon Musk's
Elon Musk had a strobe light in the shape of an X erected on the roof of the company's headquarters. The landlord has paid $4,447 in fines as a result, the San Francisco Chronicle reported. The X sign that Elon Musk had installed on the roof of his company's headquarters resulted in $4,447 in fines which the landlord of the building paid, the San Francisco Chronicle reported. As Musk rebranded Twitter to become X, the iconic blue bird logos were removed from inside its downtown San Francisco office, and eventually from the exterior sign after interruptions from police. It's another headache for X's landlord, which previously filed a lawsuit against the company saying that it hadn't paid rent.
Persons: Elon Musk, Musk, Pacino, k5QfAm8yuG, e7ECCM2NUD — Christopher J, Beale, X Organizations: San Francisco Chronicle, Twitter, Francisco's Department, Planning Department, of Locations: San Francisco
'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File photoAug 5 (Reuters) - Elon Musk has said his X social media platform will fund the legal bills of people who have been treated unfairly by employers because of posting or liking something on the site formerly known as Twitter. "If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X, adding that there will be no limits to funding the bills. The figures came as the company is going through organizational changes and is looking to boost dropping advertising revenue. An upturn in advertising revenue that had been expected in June failed to materialise.
Persons: Carlos Barria, Elon Musk, Musk, Juby Babu, Tom Hogue, Simon Cameron, Moore Organizations: REUTERS, Meta, Twitter, Thomson Locations: San Francisco , California, U.S, Bengaluru
"If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X late on Saturday, adding that there will be no limits to funding the bills. Late last month, Musk said that monthly users of X reached a "new high" and shared a graph that showed the latest count as over 540 million. The figures came as the company is going through organizational changes and is looking to boost falling advertising revenue. Musk earlier in July had said that the platform's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. An upturn in advertising revenue that had been expected in June failed to materialize.
Persons: Elon Musk, Musk Organizations: Twitter, Meta Platforms Locations: U.S
It's Elon Musk's latest change to Twitter's famous lexicon as part of the platform's rebrand to X. Elon Musk's X, formerly known as Twitter, seems to be in the process of renaming its TweetDeck feature "XPro." It's the latest change in Musk's ongoing transition of Twitter to X that has upended the social media platform's hallmarks, such as its lexicon and logo. TweetDeck is still undergoing changes, but its new name, XPro, is starting to appear on the webpage. "If successful, X will enter the vernacular in ways that we don't yet know," Musk wrote on X Wednesday regarding the rebrand.
Persons: It's Elon, Elon Musk's, Musk, We'll, Organizations: Twitter, San Locations: San Francisco
'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File PhotoAug 3 (Reuters) - X social media platform, formerly known as Twitter, is seeking a financial data giant to build a trading hub inside the app, Semafor reported on Thursday, citing people familiar with the matter and plan requests. In a post on the X platform, its owner Elon Musk said he was not aware of any work being done in this area. loadingLast year, Musk said he bought Twitter as an "accelerant to creating X", which he described as an "everything app" and likened it to China's super-app WeChat. Musk last month rebranded the social media site and changed Twitter's widely recognised blue bird to "X".
Persons: Carlos Barria, Elon Musk, Musk, Chavi Mehta, Tanya Jain, Yuvraj Malik, Arun Koyyur Organizations: REUTERS, Twitter, Thomson Locations: San Francisco , California, U.S, Bengaluru
However, a troll immediately grabbed her old handle and turned it into a parody account of her. The parody account is mocking Twitter's new logo and its resemblance to a porn site. Twitter CEO Linda Yaccarino changed her Twitter username on Saturday but fell victim to a troll who claimed her original username and turned it into a parody account. Soon after changing her username, a troll grabbed her Yaccarino's original handle and turned it into a parody account posting a handful of jokes about the platform and its new logo. The parody account mocked the new logo in one post writing: "Let's revert back to Twitter!
Persons: Linda Yaccarino, Yaccarino, Elon Musk Organizations: Twitter, NBCUniversal
Elon Musk rolled out a major rebrand of Twitter as "X" a week ago. The Twitter sign was removed earlier this week and an X was projected onto the building. Videos from inside the HQ shows the bird logos removed, black walls, and X-themed conference rooms. Elon Musk's sweeping rebrand of Twitter has extended to the walls and conference room inside the company's San Francisco headquarters. One marketing expert called the Twitter rebrand "completely irrational."
Persons: Elon Musk, Elon Musk's, Jenner Balagot, Ralph, Musk, Musk's Tesla, Grimes Organizations: Twitter, Morning, San, San Francisco, PayPal, X Holdings, xAI Locations: San Francisco
X, the platform formerly known as Twitter, has a new motto, and it sounds like it belongs to an '80s cover band. It's the latest change in Elon Musk's rebrand of Twitter into an "everything app." X — the app formerly known as Twitter — has a new slogan, and it sounds a little too much like a Bon Jovi song. the app's page in the Apple App Store now reads, a change from the former tagline of "Let's talk." Declarative and reminiscent of an '80s rock band, the phrase is Elon Musk's latest change as he rebrands Twitter to X.
Persons: X, Twitter —, Elon, Musk, adieu Organizations: Apple, Twitter, X Corp Locations: Elon Musk's, San Francisco
Elon Musk's rebrand of Twitter to "X" finally showed up on the Apple App store. The single-character name appeared with the new logo, though Apple requires app names to be longer. But the app's name now appears to have been changed to "X" after all, according to what appears on the App Store. Elon Musk's "X" app is now under its new name in the Apple App store instead of under "Twitter." Chesnot / Getty ImagesThe name change to "X" finally taking effect on the App Store was previously reported by The Verge.
Persons: Musk, Elon, We'll Organizations: Elon Musk's, Twitter, Apple, San, San Francisco, Associated Press Locations: San Francisco, San
X, formerly known as Twitter, has officially retired its famous blue and white bird logo. The company previously introduced the logo on the web and launched the domain X.com, though Twitter.com also remains live. The transition from Twitter to X reflects Musk's vision to turn the platform into what he has called an "everything app." He shared a video of a large new X logo glowing on top of the company's headquarters early Saturday. "Time to update.," Yaccarino wrote in a post about the mobile app's logo change Friday.
Persons: Elon, Elon Musk, adieu, it's, Musk, Linda Yaccarino, CNBC's Sara Eisen, Yaccarino Organizations: Twitter, City, Department, Francisco's Department, SpaceX, Musk's, CNBC Locations: Los Angeles, San Francisco
Elon Musk had a huge X logo put on the roof of its San Francisco headquarters on Friday. It comes after Musk ordered the Twitter sign to be removed from the building on Monday. Elon Musk had a huge "X" logo put on the roof of its headquarters in San Francisco Friday as part of his overhaul of the company formerly known as Twitter. The X sign lights up at night. The Notice of Violation said the "@" symbol on the Twitter sign was "dangling" and could cause harm to pedestrians if it fell.
Persons: Elon Musk, Musk, Patrick Hanna, Noah Berger Organizations: San Francisco, San Francisco Friday, Twitter, Associated Press, Department of, Inspection, Monday, San Francisco Police Department, Apple Locations: San Francisco
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