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AUSTIN, Texas— Tesla ’s long-awaited Cybertruck has hit the road, but how does it compare with its rivals? With the unusual, stainless-steel pickup, Tesla is aiming to tap into demand from consumers who want a head-turner that is quick and capable of towing cargo or taking a beating off-road.
Persons: Tesla, Cybertruck Locations: AUSTIN, Texas
When Elon Musk acquired Twitter a year ago, he pledged to turn the social-media platform into an “everything app” that would eclipse what the long-struggling business had accomplished since its founding in 2006. One year in, much of Musk’s grand vision has yet to play out. The company is struggling on a number of metrics, according to third-party data, including attracting users. It is trying to rebuild its advertising business after that revenue plummeted post takeover, and the platform also has been navigating content-moderation challenges after Musk loosened such rules.
Persons: Elon Musk Organizations: Elon, Twitter
Theo FrancisTheo Francis covers corporate news and executive compensation for The Wall Street Journal from Washington, D.C. He specializes in using a wide range of data as well as securities filings and other publicly available documents to write about complex financial, business, economic, legal and regulatory issues. Theo joined WSJ's Texas Journal edition in Dallas in 2000 and went on to cover mutual funds, pensions, insurance, hospitals and the healthcare industry for the Journal from New York and Florida. He covered financial regulation and the financial crisis from Washington for BusinessWeek in 2008 and 2009. He has taught journalism at the University of Maryland and is a graduate of the University of Illinois and the Columbia University Graduate School of Journalism.
Persons: Theo Francis Theo Francis, Theo Organizations: Wall, WSJ's Texas, BusinessWeek, Petersburg, New York Times, National Public Radio, Bloomberg News, Arkansas Democrat, University of Maryland, University of Illinois, Columbia University Graduate School of Journalism Locations: Washington ,, Dallas, New York, Florida, Washington, Petersburg , Alaska, Arkansas
Nate RattnerNate Rattner is a graphics reporter at The Wall Street Journal in New York, specializing in data analysis and visualization. His coverage spans an array of topics, including markets, the economy and corporate news. In addition to writing data-driven and visual stories, he works with reporters and editors across the Journal and develops graphics for their coverage areas. Before joining the Journal, Nate worked as a data and graphics reporter at CNBC. He is a graduate of Northwestern University and is pursuing a master's degree in data analysis and visualization at the City University of New York.
Persons: Nate Rattner Nate Rattner, Nate Organizations: Wall Street, CNBC, Northwestern University, City University of New Locations: New York, City University of New York
How Prime-Time TV Will Look Different This Fall
  + stars: | 2023-09-18 | by ( Nate Rattner | Sarah Krouse | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/media/how-prime-time-tv-will-look-different-this-fall-63ff818c
Persons: Dow Jones, 63ff818c
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/disney-max-hulu-netflix-streaming-price-2c3bac2a
Persons: Dow Jones Organizations: netflix
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/disney-max-hulu-netflix-streaming-price-2c3bac2a
Persons: Dow Jones Organizations: netflix
The Key Number to Watch in U.S. Bank Earnings
  + stars: | 2023-07-13 | by ( Telis Demos | Nate Rattner | ) www.wsj.com   time to read: 1 min
No major bank has collapsed since First Republic Bank at the beginning of May. But that doesn’t mean fears about banks have gone away. As lenders begin reporting their second-quarter performance, attention will turn to how their earnings are holding up in the aftermath of the failures.
Organizations: First, Bank
TV’s Golden Era Proved Costly to Streamers
  + stars: | 2023-07-05 | by ( Nate Rattner | Sarah Krouse | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tvs-golden-era-proved-costly-to-streamers-87353c61
Persons: Dow Jones
Ever since Netflix shook the entertainment world by releasing the entire first season of “House of Cards” in one fell swoop a decade ago, a debate has raged over whether that approach made any sense. Why, some wondered, would a streaming service pay top dollar for a show that users could consume in its entirety in a matter of days? Advocates of that approach, meanwhile, asked why streamers would stick to the weekly release format that defined legacy cable television when they had the flexibility to mix it up and give customers a more immediate payoff.
Ever since Netflix shook the entertainment world by releasing the entire first season of “House of Cards” in one fell swoop a decade ago, a debate has raged over whether that approach made any sense. Why, some wondered, would a streaming service pay top dollar for a show that users could consume in its entirety in a matter of days? Advocates of that approach, meanwhile, asked why streamers would stick to the weekly release format that defined legacy cable television when they had the flexibility to mix it up and give customers a more immediate payoff.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/track-how-u-s-banks-are-faring-in-first-quarter-earnings-beaff0cc
What Are AT1 Bonds, and Why Are They Risky?
  + stars: | 2023-03-25 | by ( Alana Pipe | Nate Rattner | ) www.wsj.com   time to read: 1 min
Swiss regulators announced on March 19 a wipeout of more than $17 billion of Credit Suisse Group AG’s additional Tier 1 bonds, or AT1s, shocking investors as shareholders were paid out before some bondholders. AT1 bonds deliver higher yields than many comparable assets, which makes them attractive to investors willing to take the risk. AT1 bonds are popular among European banks as a way to build up safety buffers. Following the 2008 financial crisis, many countries in Europe signed on to a regulatory framework called Basel III, under which they passed laws requiring large banks to maintain a financial cushion for protection during a downturn.
The Banking Sector Turmoil in Charts
  + stars: | 2023-03-18 | by ( Nate Rattner | Alana Pipe | ) www.wsj.com   time to read: 1 min
It has been a wild ride for banks. Silicon Valley Bank, which catered to venture capitalists and startups, collapsed March 10 after a run on deposits that was preceded by a plunging share price and a money-losing bond sale as the bank tried to raise capital. Two days later, Signature Bank was closed by federal regulators following a run. Then, First Republic Bank , at risk of a run as its share price plummeted, was flooded with cash in an extraordinary action by some of the largest U.S. banks—but its shares resumed their plunge a day later. Here is how some banks ended up in the market’s crosshairs.
Operators of hotels, bars and restaurants—hit hard as the Covid-19 pandemic took hold—are now among the country’s fastest-growing employers, offsetting a slowdown in tech-related hiring. The leisure-and-hospitality industry is rebuilding its workforce after cutting back during the pandemic’s early days. In contrast, companies focused on providing business and tech-related services have slowed their growth in recent months.
Commercial success doesn’t always lead to recognition on the Hollywood awards circuit, but several of 2022’s biggest box-office hits are up for the most prestigious trophy at the 95th Academy Awards. “Top Gun: Maverick” and “Avatar: The Way of Water” are the two top-grossing films at domestic box offices among all titles released in 2022, according to Box Office Mojo. Both received a best-picture nomination Tuesday. Biopic “Elvis” is also up for the award and ranks 11th in lifetime grosses among 2022 releases.
After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to normal? The inflation benchmark, measuring price growth over a year, hit a 40-year high in June after months of sustained price increases. Since then, monthly gains have slowed. While December 2022 prices were up 6.5% from a year earlier, a Wall Street Journal analysis of Labor Department data indicates that annual growth has eased to levels that existed before the pandemic. Inflation observed during the past six months would extend to prices rising 1.9% over the course of a year, close to the average annual rate of 1.7% between 2010 and 2020.
Tesla Inc. is on pace for its worst annual stock performance on record as investors bristle at Elon Musk‘s Twitter Inc. ownership, as well as declining demand for the car company’s electric vehicles and slumps in the broader market in a higher interest rate environment. Tesla’s share slide marks a sharp reversal for the world’s most valuable car company. The electric-vehicle maker had been one of the auto industry’s biggest winners during the early 2020s, a period plagued by chip shortages, snarled global supply chains and shutdowns related to Covid-19.
The days of easy subscriber growth in the streaming industry are over. Rivals abound, inflation is high, creating compelling content is expensive and consumers are increasingly willing to jump from service to service in search of a hot new show or movie.
The 2022 World Cup in Qatar will be the most compact in the tournament’s 92-year history. Not only did the country need eight stadiums to accommodate the tournament’s 62 matches, Qatar also needed to come up with housing options and training facilities for each of the 32 qualified teams. And because FIFA rules stipulate that all squads must stay in the country until they’re eliminated, leaning on Qatar’s neighbors for help wasn’t an option. While the World Cup is normally spread across an entire country, Qatar is roughly the size of Connecticut and everything radiates out from the capital city of Doha. When the World Cup expands to 48 teams in 2026, it will take up even more space.
Yankees outfielder Aaron Judge, wearing No. 99, hit his 60th home run of the season on Tuesday. As Aaron Judge chases the Yankees’ record for home runs hit in a single season, prices for the outfield seats that offer the hope of nabbing a historic ball have skyrocketed. With the New York Yankees set to host a four-game series against the Boston Red Sox tonight through Sunday, tickets behind the left- and right-field fences are virtually sold out on the Yankees’ website, while tickets for sale on reselling marketplaces are listed for several hundreds of dollars.
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