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Tesla sales slow, missing Wall Street forecasts
  + stars: | 2023-10-02 | by ( Chris Isidore | ) edition.cnn.com   time to read: +2 min
New York CNN —Tesla reported slower third quarter sales that fell short of Wall Street forecasts. That’s down 7% from the 466,000 deliveries in the second quarter. Analysts surveyed by FactSet Research had expected sales to come in at 461,000, just short of second quarter numbers. Wall Street analysts who are bearish on Tesla have been pointing to the sales falling short of production in the previous five quarters, as a sign of weakening demand for Tesla’s cars. Shares of Tesla were little changed in morning trading on the sales news, after opening down 2%.
Persons: New York CNN — Tesla, Tesla, , Dan Ives, Elon Musk Organizations: New, New York CNN, FactSet Research, Wall Street, Tesla Locations: New York, Germany, Texas
The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.
Persons: Henry Ford’s, carmaking, Jeff Kowalsky, , Gene Munster, Tesla, — Tesla, , Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives on why he's bullish on mega-cap tech going into Q4Dan Ives, Managing Director of Equity Research at Wedbush Securities, discusses the outlook for mega-cap tech stocks into year-end following their Q3 slump.
Persons: Dan Ives Organizations: Equity Research, Wedbush Securities
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe current demands from the United Auto Workers union in their labor talks with Ford, GM, and Stellantis could make electric vehicles even more expensive, one analyst said. Ives, a prominent Tesla bull, has said that CEO Elon Musk is poised to come out the winner in the contentious Detroit labor talks. Workers can't be left behind," UAW President Shawn Fain told reporters Tuesday after President Biden's visit to a GM picket line. "We're not against a green economy, but we're against a green economy and the workers get left behind.
Persons: Dan Ives, , Stellantis, Joe Biden, Ives, Elon Musk, Tesla, Ford, Jim Farley, Shawn Fain, Biden's, We're, It's Organizations: Ford, GM, Tesla, Service, United Auto Workers, Detroit, UAW, Musk's EV, Toyota, Honda, CNBC, Workers Locations: Detroit
The book, on the other hand, has been revised since Sondheim’s death by its writer, David Ives, and director, Joe Mantello. Mozart’s Requiem, Puccini’s “Turandot” and Berg’s “Lulu” were all left unfinished when their composers died and are now considered classics. “The work that David and Stephen did should absolutely be seen,” said Oskar Eustis, the artistic director of the Public Theater, which was working with Sondheim to develop the show until a few years ago. “I really trust David and Joe, and don’t think they would be putting up something they didn’t feel was finished — not on this scale,” he said. “They’re smart cookies, and if they wanted to do a workshop because it wasn’t finished, they could.
Persons: David Ives, Joe Mantello, Mozart’s, Puccini’s, , Lulu ”, David, Stephen, Oskar Eustis, Sondheim, ” James Lapine, George, , Joe, wasn’t, Steve Organizations: Public
Apple's iPhone 15 shipped with a bug that left some users with the "Apple logo of death." The issue occurred when they tried to transfer their information directly from an old iPhone. AdvertisementAdvertisementCustomers who snapped up an Apple iPhone 15 have been frustrated by a bug that left some of them with frozen screens. If the phone is already stuck on the Apple logo, users will have to restore the iPhone by connecting it to a Mac or PC via a cable. In a note last week, Wedbush analyst Dan Ives said preorders for the iPhone 15 were up between 10% and 12% year-on-year compared with initial preorders for the iPhone 14.
Persons: , I've, Mark Gurman, Dan Ives, preorders Organizations: Service, Apple
AI deals give investment banks a glimmer of hope
  + stars: | 2023-09-26 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +6 min
About a third of all M&A deals in the first half of 2023 were technology deals, and a lot of that was related to AI, said Berlin. The success of these deals mean more M&A is likely on the horizon, said Dan Ives, a tech analyst at Wedbush. Costco members now have access to $29 online health care visitsCostco is known for its giant tubs of mac and cheese, cheap hotdogs and more-for-less warehouse deals. The retailer is offering the new service in partnership with Sesame, a direct-to-consumer health care marketplace that connects medical providers nationwide with consumers. Costco is among several retailers, including Amazon, CVS and Walgreens, who are directly providing health care to customers as the demand booms for urgent care access outside of a traditional hospital setting.
Persons: CNN —, Goldman Sachs, Goldman, ” Goldman, David Solomon, Instacart’s, , Mitch Berlin, “ You’re, Dan Ives, ” Ives, Taavon Naja, Ramishah Maruf, Parija Kavilanz, Sesame Organizations: CNN Business, Bell, CNN, Wall, Companies, Renaissance, Nasdaq, Cisco, Wedbush, of Foreign, Control, Costco, Costco Pharmacy’s, Amazon, CVS, Walgreens Locations: Americas, Berlin, Iran, Switzerland, United States, PFAS, New York
Even after escalating its strike against Detroit automakers on Friday, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits. The UAW could, if it chose to, vastly expand the number of workers who could strike assembly plants and parts facilities of General Motors, Ford and Stellantis, the owner of the Jeep and Ram brands. All three companies said that talks with the union continued on Saturday, though officials said they expected no major announcements. In expanding the strike on Friday, the UAW struck only the parts-distribution centers of GM and Stellantis. Ford was spared from the latest walkouts because of progress that company has made in negotiations with the union, said UAW President Shawn Fain.
Persons: , , Daniel Ives, Sam Abuelsamid, Abuelsamid, Ford, Shawn Fain, Wheaton, , Fain, , “ It's, AutoNation, Mike Stanton, David Barnas, Jodi Tinson, Alexandra Olson Organizations: Detroit, United Auto Workers, UAW, General Motors, Ford, Jeep, GM, Wedbush Securities, Guidehouse, Fiat Chrysler . Service, Cornell University, National Automobile Dealers Association, Associated Press Locations: Detroit, Flint , Michigan, Sterling Heights , Michigan, Canada, United States, New York
UAW President Shawn Fain, in a Facebook live event, said that by targeting distribution centers the strike becomes a nationwide event. Stellantis has said it wants to be able to consolidate and close some of its parts distribution centers. Nearly 13,000 UAW workers walked out at plants in Missouri, Michigan and Ohio on Sept 15. "GM and Stellantis are looking at stockholder value and Ford is looking a lot more long-term that they have to make friends with labor." Fain said on Friday that the union had negotiated the elimination of lower wage tiers in some components facilities at Ford and GM.
Persons: Fain, Shawn Fain, Joe Biden, Biden, Donald Trump, Thomas Morris, Stellantis, Phaedra Grant, Michael Swensen, Ford, Daniel Ives, Sam Fiorani, Ford's, David Shepardson, Joseph White, Jarrett Renshaw, Ben Klayman, Peter Henderson, Abhirup Roy, Jeff Mason, Nick Zieminski, Matthew Lewis Organizations: GM, Ford, United Auto Workers, Detroit, General Motors, Chrysler, UAW, REUTERS, Ford Bronco, Chevrolet, AutoForecast Solutions, Reuters, Thomson Locations: DETROIT, United, Michigan, California, Massachusetts, Oregon, Florida, Philadelphia, Langhorne , Pennsylvania, Kokomo , Indiana, Kokomo, Louisville , Kentucky, U.S, Missouri , Michigan, Ohio, Chevrolet Colorado, Washington, Detroit, San Francisco
UAW President Shawn Fain, in a Facebook live event, said that by targeting distribution centers the strike becomes a nationwide event. Fain said Ford had improved its contract offer, including boosting profit sharing and agreeing to let workers strike over plant closures but said the union still has "serious issues" with Ford. Nearly 13,000 UAW workers walked out at plants in Missouri, Michigan and Ohio on Sept 15. "GM and Stellantis are looking at stockholder value and Ford is looking a lot more long-term that they have to make friends with labor." Fain said on Friday that the union had negotiated the elimination of lower wage tiers in some components facilities at Ford and GM.
Persons: Phaedra Grant, Michael Swensen, Biden, Fain, Shawn Fain, Ford, Stellantis, Joe Biden, Karine Jean, Pierre, Shawn Fain's, Donald Trump, Daniel Ives, Sam Fiorani, Ford's, Mark Reuss, David Shepardson, Joseph White, Ben Klayman, Peter Henderson, Abhirup Roy, Jeff Mason, Nick Zieminski, Matthew Lewis Organizations: Ford, UAW, REUTERS, GM, United Auto Workers, Detroit, General Motors, Chrysler, Ford Bronco, Chevrolet, AutoForecast Solutions, Reuters, Republican, Detroit automakers, Thomson Locations: Louisville , Kentucky, U.S, DETROIT, United, California, Massachusetts, Oregon, Florida, Kokomo , Indiana, Kokomo, Michigan, Missouri , Michigan, Ohio, Chevrolet Colorado, Washington, Detroit, San Francisco
VIEW UAW expands strikes against GM, Stellantis
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +3 min
The escalation comes as the labor group and the automakers remain apart on terms of a new contract covering 146,000 workers. DANIEL IVES, ANALYST AT WEDBUSH SECURITIES:"This becomes a full on tidal wave of strikes for GM and Stellantis. "This is like union 101 in terms of divide and conquer and put more pressure on GM and Stellantis. "I think GM and Stellantis are going to fight this. But I am less confident Stellantis can work it out because they are by far the worst of the three with labor relations."
Persons: Sheila McGee, Michael Swensen, BRANDON PIZZURRO, DANIEL IVES, Ford, ARTHUR WHEATON, TODD VACHON, Ankika Biswas, Peter Henderson, Bianca Flowers, Anil D'Silva Organizations: Ford, UAW, REUTERS, United Auto Workers, General Motors Co, Ford Motor, GM, Motors, RUTGERS, Thomson Locations: Louisville , Kentucky, U.S, Bengaluru
"Stellantis and GM in particular are going to need some serious pushing," Fain said Friday. Fain said Ford had improved its contract offer, including boosting profit sharing and agreeing to let workers strike over plant closures but said the union still has "serious issues" with Ford. "This is like union 101 in terms of divide and conquer, and put more pressure on GM and Stellantis," Ives added. GM, Ford and Stellantis have said they are making contingency plans for further U.S. work stoppages. Unifor, which represents about 5,600 Canadian auto workers, had been threatening to go on strike at all three Ford plants in the country.
Persons: Phaedra Grant, Michael Swensen, Biden, Fain, Shawn Fain, Stellantis, Joe Biden, Donald Trump, Ford, Daniel Ives, Ives, Karine Jean, Pierre, Mark Reuss, David Shepardson, Joseph White, Ben Klayman, Peter Henderson, Jeff Mason, Matthew Lewis, Nick Zieminski Organizations: Ford, UAW, REUTERS, Ford Union, GM, United Auto Workers, Detroit, General Motors, Chrysler, Ford Motor, Silverado, Ford Bronco, Chevrolet, Reuters, Biden, Republican, White, Detroit automakers, Thomson Locations: Louisville , Kentucky, U.S, DETROIT, United, California, Massachusetts, Oregon, Florida, Kokomo , Indiana, Kokomo, Michigan, Missouri , Michigan, Ohio, Chevrolet Colorado, Washington, Detroit, San Francisco
Apple's iPhone 15 went on sale in around 40 countries on Friday. Eager fans around the world have been lining up to get their hands on the latest model. The phone was initially unveiled at Apple's "Wonderlust" event on September 12 and has been available to preorder since September 15. I waited in the queue for 17 hours to get the first iPhone at India's first Apple store. Wedbush analyst Dan Ives said in a Monday note that preorders for the iPhone 15 were up between 10% and 12% year-over-year when compared with initial preorders for the last model, iPhone 14.
Persons: Eager, he'd, Tim Cook, Dan Ives Organizations: Service, Apple Locations: Wall, Silicon, Australia, China, France, Mumbai, Ahmedabad
The Apple-Disney deal that could actually happen
  + stars: | 2023-09-21 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +5 min
And Apple has long been seen by some analysts as the most obvious acquirer of all or part of Disney. Iger said he considers the studio, streaming, and parks businesses (where the company recently set plans to invest $60 billion over the next decade) to have the most value. It would be hard to imagine operating the parks or streaming businesses without owning the popular franchises that fuel them. Ives envisions a deal where Apple pays for exclusive access to ESPN content and game broadcasts, with an acquisition following down the road. I believe it's a matter of not if, but when Apple buys ESPN."
Persons: Bob Iger, Steve Jobs, Tim Cook, Biden, that's, Gregg Abella, Iger, David Rogers, Apple, it's, Dan Ives, Cook, Ives Organizations: Disney, ABC, FX, Geographic, ESPN, Apple, Pixar, Jobs, Apple's, Investment Partners, Management, Star, Marvel, Columbia University, Verizon, MLS, Messi, Insider, Wedbush Securities, Google
Technology stocks can navigate a period of higher for longer interest rates, according to Wedbush. Wedbush says it's eyeing the "biggest tech revolution we have seen in 30 years" on the horizon. While Ives argument that tech stocks can perform well in the face of elevated interest rates might sound counterintuitive after the 2022 bear market, history suggests that it's more than possible. AdvertisementAdvertisementInterest rates and technology stocks were negatively correlated throughout all of 2022, as interest rates rose and tech stocks fell sharply. Technology stocks and interest rates were also positively correlated in the second half of 2020 and throughout most of 2021.
Persons: Wedbush, it's, Dan Ives, Ives Organizations: Service, The Federal, Federal, Nvidia, Microsoft, Adobe, Nasdaq Locations: Wall, Silicon
Since then, Unilever has worked to make Elida an autonomous unit that could also appeal in its entirety to private equity firms, the sources added. Morgan Stanley and Evercore have now contacted several parties to gauge acquisition interest in Elida for what could be a multi-billion-dollar deal, according to the sources. Unilever, Morgan Stanley and Evercore declined to comment. This has prompted Unilever, the maker of Dove soap and Ben & Jerry's ice cream, to review its portfolio of non-core assets it can sell to raise cash. Unilever beat underlying sales growth forecasts in the second quarter after raising prices to offset the higher costs.
Persons: Morgan Stanley, Hein Schumacher, Ives, Moussel, Alberto Balsam, Evercore, Abigail Summerville, Richa Naidu, Chizu Organizations: Unilever Plc, Evercore Inc, Unilever, Credit Suisse, Elida, Breyers, Thomson Locations: St, Zwitsal, Elida, Klondike, New York, London
Detroit executives have Tesla in mind as they reject the UAW's big demands. The labor cost gap between the Detroit 3 and Tesla is already staggering. Tesla is the "clear winner" in the UAW strike, one analyst said. The UAW launched a first wave of targeted strikes last week after months of negotiations for new labor contracts with Ford, GM, and Jeep-owner Stellantis. Tesla spends about $45 an hour on labor (this cost combines hourly wages and benefits), while Ford, GM, and Stellantis are currently spending about $66 an hour on their labor, according to industry analysts.
Persons: Tesla, Stellantis, Wells, Elon, Dan Ives Organizations: Detroit, UAW, Service, United Auto Workers, Ford, GM, Deutsche Bank, Toyota, Honda, Tesla, Thrones Locations: Wall, Silicon, Detroit, Michigan , Ohio, Missouri, Wells Fargo
The company delivered just 1,348 Lyriqs and 47 Hummers in the second quarter, far below expectations, in part because of issues with battery module assembly. A longer strike could help GM address and potentially resolve some of those ongoing issues in its EV and battery operations, according to Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions. "A production stoppage could allow GM to solve bottlenecks,” Fiorani said. Wedbush auto analyst Daniel Ives said the strike was "a potential nightmare situation" for GM given it comes exactly at a key period of ironing out EV issues. In addition, the UAW strike in the United States could affect the flow of critical auto parts to GM operations in Canada and Mexico, which would hamper EV production there, Rinna said.
Persons: Jennifer Granholm, Jonathan Ernst, GlobalData, Mary Barra, Rory Harvey, Hummer, Sam Fiorani, Fiorani, GM's Barra, Bill Rinna, Daniel Ives, Ives, Rinna, GM’s Ramos, Paul Lienert, Deepa Babington Organizations: U.S . Energy, Washington Auto, REUTERS, Rights, General Motors, Ford Motor, UAW, Ford, Chevrolet Silverado, GMC Sierra, GM, GMC, AutoForecast Solutions, EV, Chevrolet Blazer, Thomson Locations: Washington , U.S, United States, Canada, Mexico, Ingersoll, Detroit
Hours after the European Union ended a temporary ban on exports of Ukrainian grain and other products to five member nations, three of them — Poland, Hungary and Slovakia — defied the bloc and said they would continue to bar Ukrainian grain from being sold within their borders. As Ukraine, one of the world’s largest grain exporters, has struggled to ship its grain because of Russia’s invasion, the European Union has opened up to tariff-free food imports from the country, a move that had the unintended consequence of undercutting prices in several eastern E.U. As part of a deal meant to protect those countries, the European Union allowed some grain to transit through them, but prohibited domestic sales. Brussels’ decision to let that deal expire at midnight on Friday revived an issue that has threatened European Union unity on support for Ukraine. Lawmakers in Bulgaria went in the other direction, agreeing on Thursday to resume imports of Ukrainian agricultural products, The Associated Press reported, saying the ban had cut into tax revenue.
Persons: Slovakia —, Istvan Nagy Organizations: European Union, Brussels, Ukraine, Lawmakers, Associated Press Locations: — Poland, Hungary, Slovakia, Ukraine, Poland, Bulgaria
SAM FIORANI, PRODUCTION FORECASTER AT AUTO FORECAST SOLUTIONS:"This is more of a symbolic strike than an actual damaging one ... DEMOCRATIC U.S. REPRESENTATIVE ELISSA SLOTKIN OF MICHIGAN:"I'm looking forward to joining our auto workers on the picket line this weekend. DONALD TRUMP, FORMER U.S. PRESIDENT:"The all Electric (car) is a disaster for both the United Auto Workers and the American Consumer. The targeted strike is intended to give UAW flexibility strike fund duration." SUZANNE CLARK, CEO OF US CHAMBER OF COMMERCE"The UAW strike and indeed the 'summer of strikes' is the natural result of the Biden administration's 'whole of government' approach to promoting unionization at all costs."
Persons: MARY BARRA, who's, we've, Shawn, Fain, DAN IVES, KOJI ENDO, LEE JAE, ARTHUR WHEATON, It's, ELISSA SLOTKIN, JAY TIMMONS, MONICA BOSIO, Stellantis, MARTINO, AMBROGGI, DONALD TRUMP, CHRIS MCNALLY, COLIN LANGAN, AT WELLS, PATRICK ANDERSON, JOHN MURPHY, Ford, ROBERT STREDA, DBRS, SUZANNE CLARK, Biden, Joseph White, David Shepardson, Trevor Hunnicutt, Peter Henderson, Heekyong Yang, Daniel Leussink, Giulio Piovaccari, Mehr Bedi, Medha Singh, Anne Marie Roantree, Jamie Freed, Savio D'Souza, Arun Koyyur Organizations: United Auto Workers, UAW, General Motors, Ford, Chrysler, Ford Bronco, Chevrolet, CNBC, GM, SBI, EUGENE, South, CORNELL SCHOOL, Company, DEMOCRATIC U.S, ELISSA SLOTKIN OF, NATIONAL ASSOCIATION, American Consumer, ISI, AT, Detroit, Thomson Locations: Chevrolet Colorado, Detroit, United States, ELISSA SLOTKIN OF MICHIGAN, China, Washington, San Francisco, Seoul, Tokyo, Milan, Bengaluru
A person carries a flag with the patch from the United Auto Workers (UAW) labor union during a May Day rally for media workers held by The NewsGuild of New York on International Workers' Day in Manhattan, New York City, New York, U.S., May 1, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsDETROIT, Sept 15 (Reuters) - The United Auto Workers union launched simultaneous strikes at three Detroit Three factories early on Friday, kicking off the most ambitious U.S. industrial labor action in decades. Fain's decision to go with targeted walkouts could limit the cost to the union of strike pay. UAW President Fain has taken an unorthodox approach to the negotiations, bargaining with all three Detroit automakers simultaneously. But the Detroit automakers build some of the U.S. market's best-selling vehicles, such as the Ford F-150 and Chevrolet Silverado pickup trucks and Jeep SUVs.
Persons: Andrew Kelly, Shawn Fain, Fain, Stellantis, Sam Fiorani, Ford, Gerald Johnson, Jim Farley, Joe Biden, Biden, Biden's, Dan Ives, market's, Joseph White, David Shepardson, Peter Henderson, Mehr Bedi, Jamie Freed Organizations: United Auto Workers, UAW, International Workers, REUTERS, Rights, Detroit, Ford Bronco, Chevrolet, General Motors, Ford, Chrysler, Cox Automotive, Forecast Solutions, Bronco, Tesla, GM, Toyota, Honda, Mercedes, Chevrolet Silverado, Deutsche Bank, Thomson Locations: New York, Manhattan , New York City , New York, U.S, Chevrolet Colorado, Wayne , Michigan, Wentzville , Missouri, Toledo , Ohio, Toledo, Detroit Three's U.S, United States, Detroit, Washington, San Francisco, Bengaluru
After weeks of negotiations with Ford, GM, and Stellantis, United Auto Workers are on strike. The labor union did not reach an agreement with the Detroit 3 before its deadline. Looming impactThe strike is sure to impact more than just the union workers and the Detroit 3 . Experts also suggest the additional costs Ford, GM, and Stellantis could incur as a result of the negotiations could trickle down to consumers, particularly through EV pricing. Historic momentThe last time the UAW and Detroit 3 companies negotiated a contract in 2019, union workers went on strike against GM for 40 days.
Persons: WsUdPt0or5, Shawn Fain, Fain, Shawn Fain Livestream, woPPh2bVSQ, Stellantis, Tesla, Dan Ives Organizations: Ford, GM, United Auto Workers, Detroit, Service, UAW, WsUdPt0or5 — UAW, General Motors, Chrysler, woPPh2bVSQ — UAW, Associated Press, Company, EV, Wedbush, Car Locations: Wall, Silicon, Wentzville , Missouri, Toledo , Ohio, Ford, Wayne , Michigan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMidnight is going to strike on UAW strike 'but there's no glass slipper', says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: UAW, CNBC
Wedbush analyst explains his $240 price target for Apple
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush analyst explains his $240 price target for AppleDan Ives, Wedbush analyst, joins 'Squawk on the Street' to discuss Apple after its stock fell slightly post-launch event.
Persons: Apple Dan Ives Organizations: Apple
A fire broke out at a nine-story apartment tower in Hanoi, Vietnam, on Tuesday night, resulting in more than 50 casualties, the country’s state-run news media said. The Hanoi police announced the figure, which includes dead and injured, hours after the blaze in the capital’s Thanh Xuan district, the Dan Tri newspaper reported on Wednesday morning. The exact death toll was not immediately clear, but Dan Tri reported that many of the 54 people who had been hospitalized after the fire had died. Officials said the cause of the blaze was under investigation. The building has 45 households, and many residents were there when the fire started around 11:30 p.m., the official Vietnam News Agency reported.
Persons: Dan, Dan Tri Organizations: Hanoi police, Dan Tri, Vietnam News Agency Locations: Hanoi, Vietnam, Thanh Xuan
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