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☆ Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants
▼ + stars: | 2024-11-11 | by ( Grace Kay | Madison Hoff | ) www.businessinsider.com time to read: +12 min

Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants. Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. So far, stock grants have "proven to be better than cash in your pocket."

Persons: Elon Musk's, It's, Tesla, Donald Trump's, —, Zaheer Mohiuddin, ISOs, Greg Selker, Stanton Chase, Selker, Musk, we've, Harley Shaiken, Ford, Shaiken, Drew Baglino, Zachary Kirkhorn, Omead Afshar, Aaron Greenspan, it's Organizations: Business, CNBC, Securities and Exchange Commission, Nvidia, Ford, Meta, Amazon, Apple, Microsoft, BI, Companies, Google, US, Netflix, Big Tech, GM, Musk, Bloomberg Locations: Silicon Valley

☆ Local impact: The multimillion-dollar payoff to hosting an F1 Grand Prix
▼ + stars: | 2024-11-10 | by ( ) www.cnbc.com time to read: +1 min

The most financially successful event to date was the first-ever Grand Prix in Las Vegas, which generated close to $1.5 billion in economic value, according to local officials. But communities had been feeling F1's local impact even before it broke into the United States. The Australian Grand Prix's economic impact came in around 266 million Australian dollars ($180 million) in 2023, according to EY. "We think it provides enormous economic impact to the state of Victoria and to Melburnians," he added. From Melbourne and Monaco to Abu Dhabi and Silverstone, learn more about F1's local impact by watching the video above.

Persons: Stuart Pringle, Pringle, CNBC's, Travis Auld Organizations: Silverstone Circuit, Formula, Grand Prix Corporation, Silverstone Locations: Las Vegas, United States, Britain, British, Melbourne, Australia, Victoria, Monaco, Abu Dhabi

☆ Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
▼ + stars: | 2024-11-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024. Nissan released its second-quarter results ended September on Thursday, which showed that it recorded a 9.3 billion yen (about $62 million) net loss, a reversal from the 190.7 billion yen net profit it made in the same quarter last year. Operating profit in the second quarter plunged almost 85% year-on-year to 31.9 billion yen, while revenue dropped 5% to 2.99 trillion yen. Nissan also sharply lowered its full-year outlook, cutting its revenue projection to 12.7 trillion yen from 14 trillion yen, while also reducing its operating profit forecast to 150 billion yen from 500 billion yen. It aims to reduce fixed costs by 300 billion yen and variable costs by 100 billion yen, compared to its 2024 financial year.

Persons: Makoto Uchida Organizations: Nissan, New York

☆ TikTok star Claudia Conway talks navigating political disagreements with mom Kellyanne Conway
▼ + stars: | 2024-11-06 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +3 min

Claudia Conway posted a TikTok showing her and her mom, Kellyanne Conway, going to vote together. Claudia Conway told BI there's "absolutely no universe" in which she'd vote for Trump. The two have famously disagreed on politics, but Claudia Conway shared their trip to the polls on TikTok nonetheless. "While I'm not happy with who she voted for or her voting choices, they're her choice," Claudia Conway said of her mother's politics. Representatives for Kellyanne Conway did not immediately respond to a request for comment.

Persons: Claudia Conway, Kellyanne Conway, —, Donald Trump, I'm, Kamala Harris, HeadCount, Gen, Harris Organizations: Trump, Service Locations: TikTok, Pennsylvania, Wisconsin

☆ Trump says he will give RFK Jr. a major health role if he wins the White House. Here's what that means for patients, drugmakers
▼ + stars: | 2024-11-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +10 min

Some health experts said elevating Kennedy, even in an informal Trump administration position, could potentially lead to severe consequences for patients, drugmakers and the nation's public health overall. That could exacerbate the nation's existing public health challenges, such as declining childhood vaccination rates for several preventable diseases, some experts say. "I think we could reasonably predict that there would be a decline in vaccination rates among children, and perhaps vaccination overall." Drugmakers such as Pfizer and Moderna are still recovering from falling Covid vaccination rates in the U.S., which have dented their profits over the last two years. Kennedy's other proposals for overhauling federal health agencies will likely be difficult to execute.

Persons: Donald Trump, Robert F, Kennedy Jr, Anna Moneymaker, Kennedy, Trump, Dr, Paul Offit, Drew Altman, Altman, Genevieve Kanter, Cynthia Blancas, Deep Patel, Christina House, they've, Offit, Andrew Kelly, USC's Kanter, that's, Georges Benjamin, Covid, Kanter Organizations: Gas, Getty, White House, Trump, Children's Hospital of Philadelphia, CNBC, and Drug Administration, Centers for Disease Control, Commonwealth Fund, Senate, Washington Post, University of Southern, CVS, Los Angeles Times, CDC, Pfizer, Moderna, NBC, Health Defense, FDA, Department of Health, Human Services, U.S . Food, Drug Administration, Reuters, American Public Health Association, Pharma Locations: Duluth , Georgia, U.S, University of Southern California, Lynwood, Huntington Park, Samoa, White Oak , Maryland

☆ As Americans head to the polls, social media companies are in the spotlight
▼ + stars: | 2024-11-05 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +15 min

Beata Zawrzel | Nurphoto | Getty ImagesWith Americans heading to the polls on Election Day, social media companies like Meta , TikTok, X and YouTube are under intense pressure to handle what's expected to be a flood of disinformation, heightened by the rise of artificial intelligence. The video amassed hundreds of thousands of views within hours after it was posted on Elon Musk's social media platform X. And TikTok failed to catch ads containing false election information despite its ban on political advertising, according to an October report from Global Witness. On Facebook and Instagram, Meta said it's adding fact-check labels to election content that's been debunked. In sharing dozens of posts a day on X, Musk regularly amplifies false election information to his more than 200 million followers.

Persons: Kamala Harris, Donald J, Beata Zawrzel, It's, Hillary Clinton, Meta, it's, aren't, Mark Zuckerberg, Celal, that's, Adam Mosseri, Mosseri, we've, National Intelligence Avril Haines, TikTok, Donald Trump, Joe Biden, Tesla, Elon Musk, Carlos Barria Carlos Barria, Reuters X, Musk, Trump, YouTube Omar Marques, Evan Spiegel, Joe Scarnici, Brendan Mcdermid Organizations: Trump, Twitter, Nurphoto, Meta, YouTube, Russian, Democratic, Infrastructure Security Agency, FBI, National Intelligence, Elon, stoke, CNBC, NBC News, Global, Washington DC, Anadolu, Getty, Reuters, USA, Associated Press, Facebook, Instagram, Election, Democracy Works, TikTok's, AP, Republican, U.S, Madison, REUTERS, Lightrocket, Google, Snap Inc, Barker, Vote.org, NBC, Poynter Institute, Traders, New York Stock Exchange Locations: Russia, Iran, China, Pennsylvania, CISA, North Carolina, Dirksen, Washington, United States, U.S, PolitiFact, New York, Santa Monica , California, New York City

☆ Meta is 'net winner' on AI spending, says outperforming fund manager who previously sold the stock
▼ + stars: | 2024-11-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

An outperforming fund manager who previously sold Meta Platforms shares over concerns about the company's virtual reality investments is now bullish on the technology giant's artificial intelligence strategy. This optimistic stance marks a significant shift for Yiu, who revealed that his fund had previously sold out of Meta Platform shares two years ago due to concerns about the company's virtual reality investments. Meta's Reality Labs division, home to the company's virtual reality technologies and projects, took on $13.72 billion in losses in 2022 before Zuckerberg pivoted strategy. Meta is among the top 10 holdings in Yiu's Blue Whale Growth Fund, which itself is up 16.6% in 2024. Yiu's endorsement comes as Meta faces scrutiny over its ambitious AI spending plans, prompting mixed reactions from Wall Street analysts.

Persons: Stephen Yiu, Yiu, CNBC's, Metaverse, Zuckerberg, Meta, Benjamin Black, Black, Nat Schindler, Morningstar, Morningstar's Malik Ahmed Khan, Michael Bloom, Jonathan Vanian, Ari Levy Organizations: Blue, Growth, Meta, Nvidia, Labs, Wall Street, Deutsche Bank

☆ Wealth manager for the super-rich names 3 stocks to buy before the year-end
▼ + stars: | 2024-11-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies. Year-to-date, shares in Exxon have gained 16.7%, while the stock of Barrick and Microsoft have gained around 10.8% and 15% respectively. Microsoft Teng remains bullish on Microsoft, despite Wrise making a "partial switch" and reducing its weight in the tech giant while increasing allocations to Nvidia in early August. Microsoft and and Nvidia are among the so-called Magnificent Seven stocks, which also include Alphabet , Amazon , Apple , Meta Platforms and Tesla . Nike Athletic footwear and apparel label Nike is another stock that Teng likes, despite bearish sentiments in Wall Street.

Persons: Kevin Teng, —, Barrick, Barrick Gold Teng, Microsoft Teng, Teng, OpenAI, AlixPartners, Walt Disney, Mickey Mouse Organizations: Big Tech, CNBC Pro, Wrise Private Singapore, Microsoft, behemoth Exxon Mobil, Barrick Gold, Exxon, Barrick, Exxon Mobil, Nvidia, Apple, Tesla, Nike Athletic, Nike, Disney, Marvel Studios, Disney Plus, 4Q, Pixar Animation Studios Locations: Asia, East, Europe, Wall Street

☆ Intel shares jump 9% on earnings beat, uplifting guidance
▼ + stars: | 2024-10-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Intel shares rose 9% in extended trading on Thursday after the chipmaker reported better-than-expected earnings and issued quarterly guidance that topped estimates. Intel called for fiscal third-quarter adjusted earnings of 12 cents per share and revenue between $13.3 billion and $14.3 billion. Analysts had expected 8 cents in adjusted earnings per share and $13.66 billion in revenue. During the quarter, Intel announced the launch of Xeon 6 server processors and Gaudi artificial intelligence accelerators. As of Thursday's close, Intel shares were down about 57% in 2024, while the S&P 500 index had gained 20%.

Persons: Pat Gelsinger, Dave Zinsner, Gaudi, Harvest's Paul Meeks Organizations: Intel, CNBC, Qualcomm, Computing, StreetAccount, Revenue, Data Center Locations: Taipei, Taiwan

☆ CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media
▼ + stars: | 2024-10-31 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +19 min

ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. Other media companies buy sports rights too, but ESPN buys more, and its entire existence is predicated on it. Yes, ESPN+ has existed since 2018, but ESPN+ has always been ESPN Lite, as I discussed in a CNBC documentary we put out earlier this year. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights.

Persons: Alex Sherman, Jimmy Pitaro, doesn't, Pitaro, That's, it's, There's, Pitaro hasn't, Venu, Fubo, –, He's, Shams Charania, Pat McAfee, he's, Zach Lowe, Max Kellerman, Suzy Kolber, Robert Griffin III, Steve Young, Jalen Rose, We're, Alex, you've, Morgan, Cooper Flagg, Flagg, CNBC's Jess Golden, hasn't, Erik, Hag, Ruud van Nistelrooy, Ruben Amorim, Shohei, — Dwyane Wade, Wade, Michelangelo's David, Dwyane Wade Organizations: CNBC, ESPN, Walt Disney Company, Cable, Warner Bros . Discovery, Paramount Global, Disney, ESPN –, Monday, Football, NBA, WNBA, NHL, MLB, College Football, ACC, Masters, Wimbledon, UFC, Revenue, Flagship, CNBC Sport, Morgan Stanley Wealth Management, Gatorade, Manchester United, archrival Manchester City, English Premier League, Sky Sports News, Los Angeles Dodgers, Major League Baseball, Kaseya, Union of European Football Associations, The, Pickleball, CBS, Fox Sports, December's APP, ESPN Headquarters, Washington Post, The Washington Post Locations: Duke, Los Angeles, Dallas, Atlanta, Portuguese, Japan, Miami, Europe, Fort Lauderdale , Florida

☆ 'Absurdly cheap': Bottom-up investor names Japan sectors — and stocks — to invest in right now
▼ + stars: | 2024-10-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Japanese markets have made steady gains so far this week — and one bottom-up investor sees potential for them to advance even further. "When we look at the valuations of a lot of companies, they look absurdly cheap," he added. Department stores Among the segments Kato is looking at favorably in Japan is department stores. His optimism on department stores is an interesting one, given that many have "not expanded for about 30 years." So overall, department stores look quite interesting," he added.

Persons: Mio Kato, Kato, Shigeru Ishiba's Organizations: LightStream Research, CNBC Pro, Nikkei, Tokyo Stock Exchange, Department, Holdings, U.S, Toyota Motor, Nissan, Honda, Toyota Locations: Japan, Southeast Asia, China, U.S

☆ Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
▼ + stars: | 2024-10-29 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

For nine years, the CFO role at Google and parent company Alphabet was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley. "But I think any organization can always push a little further and I'll be looking at additional opportunities." During the Q&A portion of the call, Evercore ISI's Mark Mahaney asked, "As you're coming in looking at this fresh, is it clear to you there are a lot of newfound cost efficiencies or ongoing cost efficiencies?" The new CFO said one way Google can find additional efficiencies is by using AI "within our own processes and how we get work done." WATCH: Google search benefiting from generative AI

Persons: Ruth Porat, Porat's, Anat Ashkenazi, Sundar Pichai, Ruth, Sundar, Ashkenazi, Eli Lilly, Porat, There's, Pichai, Askenazi, Evercore, Mark Mahaney Organizations: Google, Tuesday Locations: Silicon Valley

☆ Amazon's satellite spending has investors on edge. The payoff may be worth the wait
▼ + stars: | 2024-10-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon

Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's

☆ Wall Street shifts focus back to Tesla's core auto business ahead of earnings as robotaxi hype fades
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Some analysts expect Tesla's third-quarter earnings to signal a turning point, while others see more pain ahead. AdvertisementTesla will report third-quarter earnings results after the market close on Wednesday, and Wall Street will be hyper-focused on the company's core auto business. However, some analysts on Wall Street expect the upcoming third-quarter earnings print will be a sign that the worst is behind Tesla. Here's what Wall Street expects from Tesla's upcoming earnings report. But perhaps more important than vehicle deliveries for Wall Street is Tesla's profit margins.

Persons: —, Tesla, Dan Levy, Levy, Wells, Colin Langan, Langan, Dan Ives, Ives, Joel Levington, Levington Organizations: Service, Wall, Barclays, Tesla Energy, Tesla, Bloomberg Intelligence, Acura, Volvo Locations: Wells Fargo, Wells

☆ More startups are being spun out of Klarna than any other European fintech unicorn
▼ + stars: | 2024-10-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Accel labels these companies "founder factories," on the basis that they have become breeding grounds for talent that often go on to establish their own firms. However, most of the biggest fintech founder factories come from Europe. Asked about why Klarna topped the ranking of fintech founder factories in Europe, Bocchio said: "Klarna is an organization that is coming of age now." Nearly two-thirds (61%) of companies founded by former employees of fintech unicorns were founded in the same city as the unicorn, according to Accel. This, he said, "speaks to the maturity and appetite" of individuals within Europe's fintech founder factories.

Persons: Block's, Nikolas Kokovlis, Luca Bocchio, Sebastian Siemiatkowski, Siemiatkowski, Klarna, Accel's Bocchio, Bocchio Organizations: Nurphoto, Getty, Accel, Klarna, CNBC, London Locations: Europe, London, Berlin, Stockholm, Israel, Europe's

☆ Here's how much remote workers say it would cost to get them back into the office
▼ + stars: | 2024-10-19 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Workers value remote work as much as a 7% to 8% pay increase, a new survey finds. Teleworking has increased, even as firms try to pull their workers back into the office. The push and pull between workers, their employers, and the office has been a years-long battle in the wake of the pandemic. And a new survey update shows how much remote workers value the ability to work from home — and what it may cost for firms to lure them back in. Remote jobs are becoming scarcer, and that's even led some workers to cling to roles they might not otherwise enjoy.

Persons: —, Nicholas Bloom, Bloom Organizations: Service, Stanford University, Labor Statistics

☆ AI sales startup Clay is raising a new funding round at a $1.3 billion valuation, sources say
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +3 min

The company last raised a $46 million Series B at a $500 million valuation led by Meritech in June. AdvertisementClay, the AI-powered sales startup, is set to be valued at $1.3 billion in a new insider funding round, two sources told Business Insider. Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures participated in that round. Clay's AI messaging tool can then help sales teams send tailored outbound messages to prospective customers. Apollo, a sales intelligence startup, raised a $100 million Series D round led by Bain Capital Ventures last year at a $1.6 billion valuation.

Persons: Clay, Meritech, —, Kareem Amin, Amin, Varun Anand Organizations: Service, Business, Meritech Capital, Sequoia Capital, Boldstart Ventures, Wall Street, Bain Capital Ventures

☆ What happened Friday hasn't happened in ages. It bodes well for earnings
▼ + stars: | 2024-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.

Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, –, Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S

☆ Main spending cuts and tax increases in France's 2025 budget
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

France's government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts. France will cut its foreign aid budget by 1.3 billion euros. Subsidies for apprentices and other jobs will be cut by 2.1 billion euros. Green subsidies, in particular those for insulation and the purchase of electric cars, will be cut by 1.9 billion euros. The planned increase of pensions due to inflation on Jan. 1 will be postponed by six months, saving 3.6 billion euros.

Locations: France

☆ HSBC exec says there's a lot of AI 'success theater' happening in finance
▼ + stars: | 2024-10-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Jaap Arriens | NurPhoto via Getty ImagesLONDON — Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC . One example he gave was a partnership that HSBC has in place with internet search titan Google on the use of AI technology anti-money laundering and fraud mitigation. Boteju stressed that Lloyds is "proceeding with caution" when it comes to exposing the bank's customers to generative AI tools. Generative AI, on the other hand, is a more nascent technology, according to the Lloyds exec.

Persons: Jaap Arriens, Edward J Achtner, Achtner, Ranil Boteju —, Nathalie Oestmann, ChatGPT, Klarna, headcount, Sebastian Siemiatkowski, Siemiatkowski, Oestmann, Boteju, Banks, we've, Bahadir Yilmaz, Yilmaz, It's, Johan Tjarnberg Organizations: NurPhoto, Getty, HSBC, Leadership, Lloyds Banking Group, NV Ltd, Royal Albert Hall, Microsoft, Google, BBC, NV, CNBC, Lloyds, ING Locations: London

☆ What the Google break-up threat means for Alphabet's stock
▼ + stars: | 2024-10-09 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

The Justice Department's proposals included "behavioral and structural remedies" that would prevent Google from using its products against its rivals. GOOGL YTD mountain Google shares in 2024 Overall, Alphabet shares likely won't change much on the DOJ's initial framework in the short term, according to JPMorgan. The myriad of potential outcomes for Google means there isn't much near-term clarity for the stock. Indeed, Alphabet shares are up 15% in 2024, versus S & P 500's 21% gain. The bigger catalyst for Alphabet shares is the company's opportunity to further reduce its headcount and save on costs, analyst Thomas Champion wrote in a Sept. 30 research note.

Persons: Doug Anmuth, Anmuth, JPMorgan's Anmuth, Craig Moffett, Moffett, Piper Sandler, Thomas Champion, — CNBC's Jennifer Elias, Michael Bloom Organizations: Justice, Google, DOJ, JPMorgan, Meta Locations: U.S

☆ In the past week, 4 of Elon's direct reports have announced they are leaving Tesla
▼ + stars: | 2024-10-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Multiple Tesla executives announced they are leaving or have left over the past week. AdvertisementTesla has been shedding executives ahead of its Robotaxi event, with four of Elon Musk's direct reports saying they'd left the company over the past week. Tesla's director of public policy and business development Jos Dings announced on LinkedIn that he was leaving the company on October 1. On October 6, global vehicle automation and safety policy lead Marc Van Impe also announced on LinkedIn he had left Tesla. In total, Musk has lost eight of his direct reports at Tesla over the past year.

Persons: —, Tesla, Elon Musk's, they'd, Nagesh Saldi, Bloomberg, Jos Dings, Marc Van Impe, Van Impe, Rohan Patel, Dings, David Zhang, hadn't, Daniel Ho, Musk, Drew Baglino, Rebecca Tinucci, Supercharging, Elon Organizations: Tesla, Service, Business, LinkedIn, SpaceX, Tesla's, Warner Bros Locations: Burbank , California

☆ A new Blue Origin: CEO Dave Limp is bringing urgency and ‘decisiveness’ to Jeff Bezos’ space company
▼ + stars: | 2024-10-05 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +11 min

Blue Origin CEO Dave Limp, left, and founder Jeff Bezos look up at a New Glenn rocket on at the company's LC-36 facility in Florida. Blue OriginDave Limp had only one question for Jeff Bezos when he interviewed last year to become CEO of Blue Origin, the billionaire's space venture. "Jeff felt that [Blue Origin] needed manufacturing expertise; it needed decisiveness; it need a little bit of energy," Limp said. CEO Dave Limp, third from the left, with Blue Origin employees at the company's New Glenn facility in Florida. In the mission's place, Blue Origin will fly a demonstration of its spacecraft Blue Ring on the first New Glenn launch.

Persons: Dave Limp, Jeff Bezos, Jeff, Limp, Bezos, It's, I'm, New Glenn, Allen Parker, Jennifer Pena, Leanos, Ian Richardson, Tim Collins, it's, Origin's, ULA, Paul Hennessy, Glenn, We've, Starliner, Shepard, Blue, let's Organizations: Glenn, Florida ., Amazon, CNBC, Blue, SpaceX, United Launch Alliance, Lab, Firefly Aerospace, Company, NASA, Amazon Devices, Flexport, Vulcan, Cape Canaveral Space Force, Anadolu, Getty, New Glenn, Falcon, Shepard, National Security, Washington , D.C Locations: Florida, New, Mars, Seattle, Kent , Washington, Texas , Florida, Alabama, ULA, West Texas, Cape Canaveral , Florida, Glenn, Washington ,, Huntsville , Alabama, Cape Canaveral , Texas

☆ The US economy teeters after it's hit by a triple threat: Middle East escalation, port closures, and Hurricane Helene
▼ + stars: | 2024-10-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

A dockworkers strike begins. Back in the States, a dockworkers strike could upend an economy finally on the mend. Tuesday morning marked the start of a dockworkers strike that will shutter dozens of US ports that handle about half of all US ocean imports. The Iranian attack was largely thwarted, and the dockworkers strike could be short-lived. That's thanks in part to strong demand in China.

Persons: —, JD Vance, Tim Walz, BI's Brent D, Griffiths, Amir Cohen, Hurricane Helene, it's, Tyler, Paul Podolsky, Kate Capital, Samantha Lee Musk, Jenny Chang, Rodriguez Hey Airbnb, Gen Z, somethings, Critics —, Amazon's, Nicholas Bloom, Eric Adams, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Midwest Nice, REUTERS, US Navy, Bank of America, Northwestern Energy, Bridgewater Associates, Samantha Lee Musk &, mojo, DOJ, Google, BI, Amazon, Stanford, New York City Locations: Israel, Iran, Saudi Arabia, States, Bridgewater, China, Yale, New York, London

☆ These 10 in-demand startups are hiring right now—many roles are remote and pay $100,000 or more
▼ + stars: | 2024-09-25 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

Startups aiming to revolutionize artificial intelligence technology and health care are among the buzziest organizations to work for right now — and many of them are hiring for lucrative and remote jobs. 1 startup in LinkedIn's annual analysis of startups seeing rapid growth and demand. Rounding out the top three, Boston-based Cohere Health leverages AI to streamline processes in the health care system with the goal of enhancing both patient care and administrative efficiency. Altogether, these startups represent big opportunities for tech workers, especially those with machine learning specialties. Here are the top 10 startups seeing high growth and demand, plus some of their open roles and pay ranges, according to LinkedIn:

Persons: they've Locations: San Francisco, New York City, Boston

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