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Search resuls for: "prognostications"


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☆ From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
  + stars: | 2022-10-21 | by ( Hannah Towey | Jason Lalljee | ) www.businessinsider.com   time to read: +8 min
91% of US CEOs anticipate there will be recession in the next 12 months, according to a KPMG survey. The Fed will further raise interest rates to combat inflation, which will increase costs for businesses. Those interest rates also mean that credit card and loan debt will get more expensive. Musk told investors in October that "North America is in pretty good health," but pushed back on the Fed's decision to keep raising interest rates. Citadel CEO Ken Griffin"Everybody likes to forecast recessions, and there will be one," Citadel's billionaire CEO told CNBC in late September, noting that he thinks inflation has peaked.
☆ Tesla shares slide after Q3 revenue miss, Bernstein says earnings call 'didn't sit well with us'
  + stars: | 2022-10-20 | by ( Sofia Pitt | ) www.cnbc.com   time to read: +1 min
Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. Shares of Tesla slid about 6% Thursday morning as investors digested the company's third-quarter earnings report from Wednesday evening. Tesla reported earnings of $1.05 per share, beating expectations of 99 cents a share. Musk's comments "didn't sit well" with Bernstein senior research analyst Toni Sacconaghi. "Aside from the financials, the earnings call didn't sit well with us," Sacconaghi said in a note on Thursday.
☆ Bernstein says Musk was 'curt' and 'almost dismissive' on earnings call, sees stock dropping nearly 30%
  + stars: | 2022-10-20 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
"Aside from the financials, the earnings call didn't sit well with us," Sacconaghi said in a note Thursday. "Answers to many questions on the earnings call were curt and almost dismissive, with CEO Musk instead repeatedly making very bold prognostications about Tesla's future and capabilities." The analyst said Tesla earnings call was less informative than usual with Musk dodging concerns and questions about demand, the potential for lower prices and details about Inflation Reduction Act. Instead, Sacconaghi said Musk tried to highlight Tesla's potential and aspirations. Apparently this is not the first time Sacconaghi was annoyed by Musk's comments on Tesla's earnings call.
☆ Gen X is late to the leadership table in US politics, prompting the question: Will it ever produce a president?
  + stars: | 2022-09-28 | by ( Darren Samuelsohn | ) www.businessinsider.com   time to read: +21 min
By historical standards, Gen X should be in charge of the US by now. Think of them as the godparents of the "Xennials" — those born in the late 1970s or early 1980s who aren't fully Gen X or millennial. No matter whether you deny the 61-year-old Obama is a boomer, Gen X is starting to get up there in age. Michael Ciaglo-Pool/Getty ImagesWhat's the US missing without a Gen X president? "It's like seeing a ghost that doesn't appear," she said of any expectation the presidency would just suddenly open up for Gen X.
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