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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk, who famously vowed to "own no house" in 2020 and claimed in 2022 that he was effectively homeless and couch surfing at his friend's properties, reportedly discussed buying a tiny house from one of Tesla's board directors, per Reuters. This story is available exclusively to Business Insider subscribers. A Samara backyard one-bedroom prefabricated house starts at $284,000. Elon Musk, Tesla, and Samara did not immediately respond to a request for comment made outside normal working hours.
Persons: , Elon Musk, Joe Gebbia, Gebbia, Samara, Grimes, Musk Organizations: Service, Reuters, Business, SpaceX Locations: Samara, Delaware, Austin, Airbnb, Mexico
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers. The retail giant aims to retain market share gains, particularly in the grocery department, during a period of high inflation. Walmart also kicked off a $9 billion project to upgrade and modernize more than 1,400 of its stores, representing more than a quarter of the total Walmart stores across the country. The company's total annual compensation for the median employee was $27,642 in the most recent fiscal year, according to the company's 2024 proxy report. Those skilled trade jobs pay between $19 and $45 per hour, said Lo Stomski, the company's chief talent officer.
Persons: Lo Stomski, Stomski, it's Organizations: Walmart, U.S . Department of Health, Human Services, Target, Amazon, Workers Locations: Dallas, Fort Worth, Bentonville , Arkansas
Ford EV and hybrid sales surge 65% in May
  + stars: | 2024-06-04 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
DETROIT – Ford Motor's U.S. new vehicle sales rose 11.2% last month compared with May of last year, boosted by strong sales growth for all-electric and hybrid models. The Detroit automaker on Tuesday reported roughly 65% increases in sales of both hybrid and all-electric vehicles. The boost to EV sales is a conundrum for investors. The spike in hybrid sales is part of Ford's plan to double down on the technology. Ford reported total year-to-date U.S. sales through May of 877,685 units, up 5.6% compared with the same time period in 2023.
Persons: DETROIT –, Ford Organizations: New York, DETROIT, DETROIT – Ford Motor's U.S, Detroit, EV, Ford
Before the water tanker rolled into one of New Delhi’s largest slums, Arvind Kumar was pacing between the gate of a public school and a tea seller’s stall hundreds of yards from his home, where he lives with nine members of his family. “There, it is coming,” Mr. Kumar shouted to a woman waiting on the slum’s edge. With their last stored drops now spent, and a heat wave searing the city, the two neighbors had decided to make sure the truck reached its destination. The woman boarded the 5,000-gallon tanker and guided its driver through a tight lane, past houses lined with thousands of jerrycans, many chained in place, and onto a stony plateau.
Persons: Arvind Kumar, ” Mr, Kumar
Electric Cars Are Suddenly Becoming Affordable
  + stars: | 2024-06-03 | by ( Jack Ewing | ) www.nytimes.com   time to read: +1 min
Alex Lawrence, a dealer in Salt Lake City who specializes in used electric cars, has seen a change over the last year in the kinds of customers who are coming into his showroom. Recently, Mr. Lawrence said, customers have been snapping up used Teslas for a little over $20,000, after applying a $4,000 federal tax credit. “We’re seeing younger people,” Mr. Lawrence said. The purchase price of the car has suddenly become in reach.”Regarded by conservative politicians and other critics as playthings of the liberal elite, electric vehicles are fast becoming more accessible. Federal tax credits of up to $7,500 for new electric cars, often augmented by thousands of dollars in state incentives, push prices even lower.
Persons: Alex Lawrence, Lawrence, , Mr Locations: Salt Lake City
Dell , Super Micro , Vertiv , and Club stock Eaton all fell. Utilities that fulfill the growing power demands of AI data centers, such as Vistra and Constellation Energy Corp , were also lower. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Industrials, , Eaton, Dell, Jensen Huang, we're, Ferguson, Jim Cramer's, Jim, Mauricio Palos Organizations: CNBC, Institute for Supply, Federal Reserve, Utilities, Constellation Energy Corp, Nvidia, Body, Jim Cramer's Charitable, Eaton Corp, Bloomberg, Getty Locations: San Luis Potosi, Mexico
Read previewSam Mitchell, 64, has a yearly income of below $30,000 a year from Social Security. It's a very different way of life from the corporate real estate job he had 15 years ago in Austin making six figures and owning five homes. "I am making a fourth of the money I was making in 2008, but nobody is going to do it." AdvertisementMoving to New York and FloridaTo start life anew, he bought a farm in Peru and built a small house. AdvertisementOnce Social Security payments kicked in, he relied on the $900 a month to get by.
Persons: , Sam Mitchell, they're, Mitchell, It's, Keller Williams, Austin, Sancho Panza, he's Organizations: Service, Social Security, Business, Social, University of Florida, South, Southwest, Austin City, Austin Locations: New York, Florida, Austin, Ithaca , New York, Atlanta, Santa Cruz , California, Costa Rica, South Austin, Peru, Ecuador, California , Oregon, Washington, BestBuy
Displaced Palestinian children line up to receive food in Rafah on May 19. The World Food Programme (WFP) is currently serving only 27,000 people in Rafah, according to Matthew Hollingworth, the organization’s country director in Gaza. The sounds, the smells, the everyday life are horrific and apocalyptic,” Hollingworth told journalists Friday after returning from a trip to Gaza. “From the seventh of May to the 20th, not a single WFP truck crossed from the southern corridors of Egypt into Rafah,” he said. Rafah had previously been the central artery for aid to flow into Gaza, as the only border crossing not controlled by Israel.
Persons: Matthew Hollingworth, ” Hollingworth, , Hollingsworth, , Israel Organizations: AFP, Getty, United, Food Programme, WFP Locations: Rafah, United Nations, Gaza, Egypt, , Israel
Read previewChevy's electric aspirations are about to meet their toughest test yet with the launch of the Silverado EV and the Equinox EV. All of this adds up to the security that today's EV shopper is looking for, Majoros told me in an interview. The RST First Edition Silverado EV, which is on sale now, goes for $94,500. Equinox EV is a step in the right direction, but can it beat a hybrid? That could be bad news for Chevy dealers and Equinox EV, which might lose out in a comparison with Ford's or Toyota's hybrids.
Persons: , Steve, Majoros, you've, it's, Ford's, Elon Organizations: Service, Silverado EV, GM, Business, Chevrolet, Motors, Silverado, Equinox Locations: Detroit
This week, Hendricks topped Forbes' recent American's Richest Self-Made Women list for the seventh consecutive year. Her estimated $20.9 billion net worth comes largely from her roofing materials company ABC Supply, which she co-founded with her late husband Ken Hendricks in 1982. Roofers often bought directly from individual manufacturers, locking them into an ecosystem and allowing manufacturers to drive up prices. They took out a $900,000 loan from Beloit Savings Bank and pledged everything they owned to launch their company and fill that gap, Hendricks said. "We felt like we [roofers] weren't being treated with respect," said Hendricks.
Persons: Diane Hendricks, Hendricks, Ken Hendricks, Ken, Forbes, Roofers Organizations: Forbes, ABC Supply, Beloit Savings Bank
Even though it was operational for only about a week, the pier helped deliver some 1,000 metric tons of aid into Gaza before breaking apart. That’s well short of the military’s goal of moving 500 tons of aid per day over the pier. The risks however were deemed too great at the time, with unpredictable winter weather and heavy fighting in Gaza. “We assumed a lot of risk in using a military operation for this purpose,” a second senior administration official added. Deputy Pentagon spokesperson Sabrina Singh emphasized that the solution to aid to Gaza remains the land crossings.
Persons: Joe Biden, , Biden, It’s, , they’re, Christine Wormuth, JLOTS, Nikos Christodoulides, Benjamin Netanyahu, Weeks, , Vedant Patel, Sabrina Singh, Max, , don’t Organizations: CNN, White House, US Central Command, Army, “ Army, US, Pentagon, Technologies, Maxar, Trident, US Army Central, Reuters, State Locations: Gaza, West, Israel, Rafah, Australia, Virginia, Haiti, Cyprus, France, , Ashdod
New Delhi CNN —There’s no fresh water in the slums of Delhi’s Chanakyapuri neighborhood. She tried to run back for it – but it was too late, the water had run out. Residents in Delhi’s Chanakyapuri neighborhood clamber to get water under baking heat on May 31, 2024. As record heat grips northern India, the Delhi government has been forced to ration these free water deliveries. But if they get to the hospital late and the intervention is late, the mortality rate is so high.
Persons: New Delhi CNN —, Shah, Vijay Bedi, , it’s, Poonam Shah, Ram Manohar Lohiya, Ajay Shukla, Anupam Nath, ” Dr Shukla, Kali Prasad, aren’t, Farwa Aamer, Aamer Organizations: New, New Delhi CNN, CNN, Indian Meteorological Department, Ram, , Workers, Asia Society Policy Institute Locations: New Delhi, Delhi’s Chanakyapuri, India, Delhi, Guwahati, South Asia
But Meryl and Tim had talked all evening, into the early hours, gradually shuffling closer and closer to one another. And while it had only been five days, Meryl felt certain Tim was “the right person.”“I’d dated other people, and I just never clicked with them,” she says today. Meryl RivettWhen Meryl and Tim crossed paths in September 1981, Meryl was 29. Tim felt the same way. Meryl felt that assuredness too.
Persons: Meryl Gage, Meryl, Tim Rivett, Tim, We’re, we’re, they’d, , , Meryl wriggled, ’ ”, “ I’d, South America Tim, Tim's, Meryl Rivett, She’d, Karen, ’ ” Meryl, Here's Tim Rivett, Meryl Rivett Tim, who’d, , “ Meryl, England, Meryl Rivett That’s, hadn’t, gobsmacked, Mike, Jack, , “ I’m, ” Meryl, Meryl’s, Lisa, Meryl she’d, Tim didn’t, Paul, he’d, Meryl –, Meryl Rivett –, Tim weren’t, , – Tim, Aussie, they’ve, Tim –, ” Tim, who’ve, They’ve, Tim aren’t Organizations: CNN, CNN Travel, South America, Florida State, Miami Beach Locations: South America, South, Florida, backpacked, Europe, London, Kathmandu, Australia, New Zealand, Southeast Asia, Queensland, America, Rio de Janeiro, England, Asia, Nepal, India, Miami, Brazil, Argentina, Iguazu, Patagonia, Colombia, Buenos Aires, Tierra del, Chile, , Central America
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public. Pershing Square had $18.6 billion in total assets under management as of the end of April. Most of its capital is in Pershing Square Holdings, a closed-end fund that trades on European stock exchanges. Ackman has become one of the world's most prominent hedge-fund investors after years of market-topping returns and vocal activist campaigns.
Persons: Bill Ackman, eyeing, Ackman, Ryan Organizations: Pershing, Capital Management, Delivering Alpha, Billionaire, Street Journal, Ryan Israel, Pershing Square Holdings, New York Stock Exchange, Grill, Hilton, Herbalife Locations: New York City, U.S, Israel, North America
Last week, he posted on X, formerly Twitter, that he wants to return it, but Tesla isn't willing to buy it back or let him resell it. Tesla has refused my request to sell my recently purchased Cybertruck. The manager cited the Motor Vehicle Order Agreement with Tesla's "no resellers" policy for the Cybertruck. The manager at Tesla's Salt Lake City dealership did not respond to BI's request for comment ahead of publication. Raddon told BI that he's a rule-follower and he doesn't plan to go against Tesla's verdict on the matter or hire a lawyer to dispute the decision.
Persons: , Blaine Raddon, Raddon, Tesla, — Blaine Raddon, Blaine Raddon Raddon, Tesla's, he's Organizations: Service, Business Locations: Bali —, Salt Lake City, Tesla's Salt Lake City
But in closing arguments, one of Mr. Bragg’s prosecutors said that Mr. Cohen had told his lies for Mr. Trump. After the election, Mr. Pecker testified, Mr. Trump summoned him to Trump Tower. The ShowdownEven that did not prove that Mr. Trump had falsified records to disguise his reimbursement of Mr. Cohen. Mr. Trump washed his hands of Mr. Cohen, who turned on the man he had once idolized. Mr. Blanche also argued that Mr. Cohen had profited from his hatred for Mr. Trump with two books and a lucrative podcast deal.
Persons: Donald J, Trump, Juan M, Merchan, anoints, Alvin L, Bragg, Trump’s, Stormy Daniels, Michael D, Cohen, Eduardo Munoz, Daniels, Mr, Michael Cohen, , Joshua Steinglass, Cohen “, ” Mr, glowered, Mike Johnson, Biden, , Donald Trump, Dave Sanders, Biden’s, Todd Blanche, Blanche, Todd Heisler, David Pecker, Pecker, nonchalantly, Hope Hicks, Hicks, Ms, The New York Times “, Justice Merchan, “ You’re, ” Ms, Allen H, Weisselberg, Susan Hoffinger, Cohen’s, Joe Piscopo, giddily, Hoffinger, Jean Carroll, Bragg’s, Wesley Parnell, Michael Rothfeld Organizations: White, Republican, Convention, Office, Reuters, Mr, Credit, The New York Times, Democratic, New York Times, National Enquirer, Trump, Playboy, Street Journal, New, Hells Angels Locations: American, Manhattan —, Lower Manhattan, , Florida, Washington, Georgia, New York, Manhattan, Trump’s Midtown Manhattan, Tahoe, Nev, America
The World Food Programme (WFP) is currently serving only 27,000 people in Rafah, according to Matthew Hollingworth, the organization’s country director in Gaza. Rafah had previously been the central artery for aid to flow into Gaza, as the only border crossing not controlled by Israel. Israel’s military has continued to push further into Rafah, defying international concern and anger over its operations in the city. “IDF troops in central Rafah located Hamas rocket launchers, terror tunnel shafts, and weapons. Hollingworth added that the WFP’s warehouse in Rafah, which was once capable of storing 2,700 tons of food, is no longer operational.
Persons: Matthew Hollingworth, ” Hollingworth, , Hollingsworth, Jack Guez, Israel, Erez, Hollingworth, Organizations: CNN, United, Food Programme, Getty, WFP, Israel Defense Forces, , UN, IDF Locations: United Nations, Rafah, Gaza, Israel, AFP, Egypt, , May, Kerem, Erez
Chandan Khanna | Afp | Getty ImagesOrange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. The benchmark frozen concentrated orange juice futures, traded on the Intercontinental Exchange in New York, closed at $4.77 per pound on Wednesday . Orange juice on display in a grocery store on Jan. 19, 2023, in Miami, Florida. "A lot of them will be changing the quantities of juice they are putting in their blends to drop the orange juice and increase other juices, such as pear juice, apple juice, grape juice, so they are less reliant on the orange juice," Campbell told CNBC via telephone. "It does seem like this [situation] is going to be here for the longer term," he added, noting that some players in the orange juice market had observed a large drop in demand year-over-year.
Persons: Chandan Khanna, That's, Joe Raedle, Harry Campbell, Campbell, Fundecitrus Organizations: Afp, Getty, Intercontinental Exchange, CNBC, Bloomberg Locations: Arcadia , Florida, Florida, Brazil, U.S, New York, Orange, Miami , Florida, Itupeva, Sao Paulo state, Sao Paulo
Eyes being on Rafah has not stopped the violence, wrote scientist Ayesha Khan on Instagram. The phrase “All Eyes on Rafah” has been appearing in various graphics and images associated with the war in Gaza for months and is not necessarily tied to this specific viral image. “Because you’re directing everyone’s gaze to an image that doesn’t really show the horror of what happens in conflict zones.”What does ‘All Eyes on Rafah’ mean? Others have pointed out that the image does not actually include the words “Palestine” or “Gaza” — names that have been widely politicized even before October 7. “Rafah does not have the immediate name recognition for people who haven’t been paying attention,” said writer Heben Nigatu on X.
Persons: Gaza —, It’s, Tim Dillon, it’s, Ayesha Khan, Khan, Rik Peeperkorn, , Peeperkorn, shahv4012, Faiza Hirji, Hirji, there’s, ” Hirji, haven’t, , Heben Nigatu, George Floyd’s, — “ Organizations: CNN, NBC, Health, West Bank, Ontario’s McMaster University Locations: Rafah, Gazan, Gaza, Instagram, West,
Read previewFormer President Donald Trump's Manhattan jury deliberated for four-and-a-half hours on Wednesday — and their first note to the judge shows they were deep in the hush-money conspiracy weeds before breaking for the day. Pecker's testimony continued. Reuters/Mike Segar'The boss is going to be very angry'The second chunk of the transcript to be read back Thursday morning concerns still more of Pecker's testimony. It was at this meeting that the illegal campaign conspiracy underlying Trump's indictment was hatched, according to the witnesses. Under the alleged conspiracy, Pecker, Trump's longtime friend, would alert Cohen when negative stories arose.
Persons: , Donald Trump's Manhattan, they'll, Trump's, David Pecker, Michael Cohen, Trump, We've, Juan Merchan, Karen McDougal Dimitrios Kambouris, Karen, Donald Trump, Pecker, Karen McDougal, Playboy Bunny, Michael, Mike Segar, It's, McDougals's, Cohen, Stormy Daniels, Daniels, Jane Rosenberg, Ted Cruz Organizations: Service, Business, National Enquirer, Trump, Reuters, Trump Organization, Trump Tower Locations: New Jersey, Mexican, New York, Manhattan, Trump's
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter raising $13 billion in 2022, billionaire Paul Singer's Elliott Management raked in another sizeable haul over the past six months. This story is available exclusively to Business Insider subscribers. Related stories"Historical and mathematical fact can get lost in the excitement when stocks are on a tear," the letter states. The firm recently took a $2.5 billion stake in Texas Instruments, calling on the 94-year-old company to improve its free cash flow.
Persons: , Paul Singer's Elliott, Elliott —, Elliott, doesn't Organizations: Service, Paul Singer's Elliott Management, Business, Texas Locations: YOLO
When we don't get enough sleep, it can influence everything from how much money we make to our likelihood of developing dementia, heart disease, and diabetes. Researchers have found that stress is one of the strongest indicators of poor sleep. On top of that, the county struggles with poor health, another major contributor to poor sleep. In our analysis, we overlaid the CDC's sleep data with a CDC survey on mental health and found a 79% correlation between mental-health problems and poor sleep. In the food-services industry, people juggle inconsistent shifts and low pay that often requires taking on multiple jobs, and 40% of workers don't get enough sleep.
Persons: Tim Cook, Robinhood's Vlad Tenev, Gordon Ramsay, Drake, Michael Phelps, Mingo, It's, Johns Hopkins, isn't Organizations: Centers for Disease Control, South . Residents, CDC, Columbia, Johns Hopkins University, Graduate Medical Locations: South, West Virginia , Kentucky, Alabama, Mingo, West Virginia, Boulder County , Colorado, America, healthiest, Manhattan, San Francisco, Mississippi, . California, Florida
2024 Jeep Wagoneer S EV JeepNEW YORK – The first all-electric Jeep SUV for the U.S. will be the Wagoneer S, starting at about $72,000 when it's scheduled to go on sale this fall. The $71,995 starting price of the Wagoneer S EV sits between gas-powered versions of the Wagoneer, starting at about $63,000, and more luxurious Grand Wagoneer, starting at roughly $92,000. 2024 Jeep Wagoneer S EV JeepHe also said the company will release electric, extended-range versions of the traditional gas-powered Wagoneer and Grand Wagoneer in 2025. 2024 Jeep Wagoneer S EV "R-Wing" JeepDespite sharing the "Wagoneer" name with Jeep's current gas-powered model, the five-passenger, two-row EV shares little with its three-row traditional internal combustion engine counterpart other than some Jeep styling. Stellantis design chief Ralph Gilles during the unveiling of the Jeep Wagoneer S EV on May 30, 2024 in New York City.
Persons: Antonio Filosa, Filosa, Michael Wayland, Jeep, Carlos Tavares, Tavares, " Tavares, Massimo Pinca, Wagoneer, Ralph Gilles, Stellantis, Gilles Organizations: EV, CNBC, Reuters, Cherokee, CNBC Stellantis, U.S, Jeep Locations: U.S, North America, Turin, Italy, PHEVs, Europe, Mexico, New York City
New Delhi CNN —India’s capital territory of Delhi sweltered to its highest-ever temperature of 49.9 degrees Celsius (121.8 degrees Fahrenheit) on Tuesday, as an oppressive heat wave forced authorities to impose water rationing. The Indian Meteorological Department (IMD) said the new record was measured in the suburb of Mungeshpur, surpassing Delhi’s previous high of 49.2 degrees Celsius (120.5 degrees Fahrenheit), observed in May 2022. The temperature in the city of Churu in the state of Rajasthan soared to 50.5 degrees Celsius (122.9 degrees Fahrenheit). Sirsa, a city in the state of Haryana, saw thermometers reach 50.3 degrees Celsius (122.5 degrees Fahrenheit), Indian authorities said. A man drinks water at a roadside stall serving free drinking water to commuters in New Delhi on May 22.
Persons: Atishi Marlena Singh, Singh, , Anupam Nath, Manish Swarup Organizations: New, New Delhi CNN, Indian Meteorological Department, Workers, Delhi, IMD Locations: New Delhi, Delhi sweltered, Mungeshpur, Delhi, Haryana, Guwahati, India, Churu, Rajasthan
Read previewA Cybertruck delivery ended up a bit bloody, a Tesla owner wrote in a forum post. The Tesla owner posted on the Cybertruck Owner's Club that he had been anxiously awaiting the arrival of his vehicle. AdvertisementBut they weren't enough to deter the Tesla owner from enjoying his new ride. He still managed to wash off his wrist, wrap it up, and complete delivery, the owner wrote. "I unwrapped my wrist and BOOM - spurts of blood all over the kitchen island…" the owner wrote on the forum.
Persons: , there's, Tesla, Heck, it's, chuckled Organizations: Service, Business
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