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☆ As litigation flares against Michael Shvo's property empire, his German backers feel the heat
▼ + stars: | 2024-07-29 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Advertisement"For no reason, I felt targeted in a very toxic and vulgar way," Goodman previously told Business Insider. In a previous response to Business Insider, Shvo said he had no recollection of that call. The Goodmans also named the Mandarin Oriental hotel brand as a defendant, stating that 685 Fifth Avenue's "service standards are severely lacking and in no way Mandarin Oriental caliber." A spokeswoman for Mandarin Oriental did not immediately respond to a request for comment.

Persons: —, Michael Shvo, Shvo's, Shvo, Shvo –, John Goodman, Diane, Belinda Burgmeier, Burgmeier, Goodman, Jennie Enterprise, Enterprise, Serdar, Bilgili, BVK, Rainer Komenda Organizations: Service, Business, Universal Investment, Deutsche Finance, Core, Shvo, BVK, Core Club, Bilgili, San Locations: Manhattan, New York, Munich, San Francisco, Milan, Italy, Turkish, BVK, Wabash, Chicago, Shvo, Raleigh, Los Angeles

☆ The latest three-year cruise is running two months late
▼ + stars: | 2024-07-28 | by ( Julia Buckley | ) edition.cnn.com time to read: +4 min

Now, another company aiming to be the first to produce a round-the-world residential cruise at a reasonable price has delayed departure by two months. Villa Vie Residences was due to depart from Belfast on May 30. But after a couple of unexpected hiccups, the ship – the Villa Vie Odyssey – is still in the Northern Irish city. Villa Vie had bought the ship from Fred. Meanwhile, two people who were part of the Life at Sea management when the cruise was canceled have announced their own rival outlet.

Persons: Mikael Petterson, “, ” Petterson, Petterson, Villa Vie, Fred, Olsen, I’d, ”, we’ll, Kendra Holmes, –, Holmes Organizations: CNN, Passengers, CNN Travel, Villa, Olsen Cruise Lines, Miray Cruises Locations: Belfast, Northern Irish, Braemar

☆ Domino's CEO says customers are picking up their own pizzas, and it reveals a bleak reality about the economy
▼ + stars: | 2024-07-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Customers who want pizzas delivered have different priorities from those who want carryout, he said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Our carryout business is on fire," CEO Russell Weiner told Business Insider in an interview. This story is available exclusively to Business Insider subscribers.

Persons: Uber, Domino's, —, Russell Weiner Organizations: Service, Business

☆ Food delivery fees are rising, and everyone's feeling the pinch
▼ + stars: | 2024-07-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +11 min

Third-party food delivery is becoming the norm for American consumers, as delivery apps like Grubhub, DoorDash and Uber Eats take hold in day-to-day dining. It's also presenting customers and restaurants with an increasingly complicated equation of service fees, delivery costs and worker tips. San Francisco resident Zainab Batool, who said she orders delivery from either Uber Eats or DoorDash weekly, called the added fees "insane." The share of consumers choosing third-party delivery services over direct restaurant delivery is rising, up from 15% in 2020 to 21% in 2024, according to Technomic's 2024 Delivery & Takeout Consumer Trend Report. But using their delivery services instead of paying for in-house delivery is worth it for a business on the smaller side, he said.

Persons: Luiz C, Ribeiro, Uber, It's, Zainab Batool, Batool, Gordon Haskett, Grubhub, it's, DoorDash, Covid, Spencer Platt, they've, Shelle Santana, Lindsey Nicholson, Tony Scardino, Pizza, He's, Scardino, Meredith Sandland, Ann, Phillis Engelbert, Engelbert, Gabby Jones Organizations: Ribeiro | New York Daily News, Tribune, Service, Getty, Gordon Haskett Research Advisors, Companies, U.S . Mobility, Uber, Bentley University, Grubhub Marketplace, UCG, Amazon, Bloomberg Locations: Manhattan, Ribeiro |, Francisco, Amsterdam, California, New York City, U.S, Canada, Illinois, Chicago, Ann Arbor , Michigan, Detroit

☆ Insider Today: Millennials living like retirees
▼ + stars: | 2024-07-27 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

Rachel Askinasi; Alyssa Powell/BIA worthy power lunchKeens Steakhouse, a New York City institution, has been luring power lunchers for years. iStock; Rebecca Zisser/BIDeals we loveQuality seafood straight to your door: After testing dozens of options, we found the 13 best seafood delivery services for sustainable, fresh, and tasty fish. After testing dozens of options, we found the 13 best seafood delivery services for sustainable, fresh, and tasty fish. Dodge the power outages: With extreme weather conditions knocking out power nationwide, a portable generator is a must. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.

Persons: —, Taylor Bannks, Bernat, Pont Alexandre III, Samantha Grindell, Estée Lauder, Sunny Choi, Choi, Mykenna Maniece, Cristo Rei, Getty, Jose M, Tyler Le, Rachel Askinasi, Alyssa Powell, Gareth Cattermole, Anna Blazhuk, Lew Robertson, Ryan Reynolds, Reynolds, Hugh Jackman, Don Saladino, Saladino, Giulia Parmigiani, Natalie Ammari, Lou Pearlman, Knox, Michael Keaton, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Amanda Yen Organizations: Service, Yorker, Business, Marathon, Olympics, Timor Leste Getty, Creativ, Heinemann, Netflix, Backstreet Boys, Backstreet Locations: Paris, City, Versailles, Cristo Rei Dili, Timor Leste, Kenya, Taiwan, Wales, New York City, Italy, New York

One of the most shorted names in the market this week includes downbeat auto stock Vinfast Auto . Short selling is a high-risk strategy used by investors to speculate on a potential decline in a stock's price. VinFast's short interest as a percent of float jumped 26% to 4.5 million shares, or nearly 40% of float. Short interest in health-care company Cassava Sciences jumped 23% to 16.1 million shares, or about 36% of float. Short interest in the social media platform and meme stock darling fell 16%, to just 23% of float.

Persons: Kohl's Organizations: CNBC, Nasdaq, York Stock Exchange, Sciences Locations: North Carolina, Kohl's

☆ Ron Insana: How investors ought to prepare their portfolios for November’s elections
▼ + stars: | 2024-07-27 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

The GOP, under presidential candidate Donald Trump, could seek to extend the 2017 Tax Cuts and Jobs Act. In the abstract, one can argue that tax cuts and deregulation are good for business. However, further unfunded tax cuts would add to the nation's deficits and debt. He has also pushed for raising the corporate tax rate to 28%. Currently, that rate is at 20%, plus a 3.8% net investment income tax for high earners.

Persons: we've, Donald Trump, Trump, Biden, Eisenhower, Kamala Harris, Joe Biden Organizations: GOP, Wall, United, Bureau of Labor Statistics, Observers, White, Trump, Biden, Federal Reserve Locations: Washington ,, United States, U.S, America

CNN —At least 30 people have been killed and over 100 injured in an Israeli airstrike on a school in Deir-al Balah, central Gaza, according to the Palestinian Ministry of Health in Gaza. The United Nations estimated that about 150,000 people fled Khan Younis on Monday alone, intensifying pressure on meager supplies of food and water, and places to seek shelter. Israel launched its military offensive in Gaza on October 7 after Hamas attacked southern Israel. At least 1,200 people were killed and more than 250 others abducted, according to Israeli authorities. Mohammed Salem/ReutersIsraeli military action in Gaza has since killed 39,090 Palestinians and injured another 90,147, according to the Ministry of Health there.

Persons: al, Khalil Al, Khan Younis, “, Ashraf Amra, Bashar Taleb, Israel, Khan Yunis, ”, Mawasi, Mohammed Salem, Antony Blinken, Benjamin Netanyahu, Netanyahu, Kamala Harris, Harris Organizations: CNN, Palestinian Ministry of Health, Aqsa Martyrs Hospital, Palestinian Civil Defense, Israel Defense Forces, Anadolu Agency, Getty, Palestinian, United Nations, Reuters, Ministry of Health, UN ., UN Relief and Works Agency, Democratic Locations: Deir, Gaza, Al, Aqsa, Khan, Israel, al, Deir al, Deir el, Rome, Washington

☆ Ukrainian man plugged his whole house into a Tesla parked in his yard as locals find novel ways to battle rolling blackouts, report says
▼ + stars: | 2024-07-27 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Ukrainians are turning to Teslas to power their homes amid rolling blackouts. Some are repurposing old Tesla batteries, while others have gone even further. It comes as the country adapts to rolling blackouts caused by Russian targeting of the energy grid. One Ukrainian businessman who is repurposing Tesla batteries told the FT that one Tesla could be used to make up to 12 battery systems. "An old Tesla, including the cost of delivery, will be nearly $10,000.

Persons: —, Tesla, Oleksandr Bentsa Organizations: Service, Financial Times, Business Locations: Ukrainian, Ukraine

☆ I drove for Uber Eats in between jobs. I wouldn't recommend it to anyone.
▼ + stars: | 2024-07-26 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Chandler Moncada, a 29-year-old former Uber Eats driver in Phoenix. In May 2023, I got laid off from my full-time job in SEO and started driving for Uber Eats to pay my rent. Related storiesYour car insurance also goes up when you drive for Uber Eats. I focused on delivering in nicer areas, as they usually tip better. I'm no longer driving because I got a new jobDelivering food is very draining and dangerous at times, and there are plenty of stories of Uber Eats drivers getting robbed.

Persons: —, Chandler Moncada, Uber, It's, you've, that's, it's, We're Organizations: Service, Business, Avalon, Progressive, Costco Locations: Phoenix, Paradise Valley, Scottsdale

☆ Stocks making the biggest moves midday: 3M, Dexcom, Sweetgreen, Texas Roadhouse and more
▼ + stars: | 2024-07-26 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Dexcom — Shares plummeted more than 40% after the medical device maker missed expectations for second-quarter revenue and offered weak full-year guidance for the measure. That exceeded analysts' expectations for earnings of $3.48 per share on revenue of $808 million, per LSEG. Norfolk Southern — Shares of the railroad operator gained 10% after a second-quarter earnings beat. Texas Roadhouse — The restaurant chain climbed 4.4% after second-quarter earnings topped expectations. Texas Roadhouse earned $1.79 per share, above the $1.64 per share estimate from analysts surveyed by LSEG.

Persons: Dexcom, Coursera, Newell Brands, Newell, Boston Beer, LSEG, Mohawk, Bristol Myers Squibb, Morgan Stanley, FactSet, amortization, Bitcoin, Alexander, Baldwin —, Alexander & Baldwin, Piper Sandler, Guggenheim, Sweetgreen —, Oppenheimer, Stifel, Yun Li, Pia Singh, Sean Conlon, Jesse Pound, Hakyung Kim, Lisa Kailai Han Organizations: LSEG, Newell, Yankee, Wall, Boston Beer, Boston, Mohawk Industries, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Norfolk, Charter Communications, Southwest Airlines, Deutsche Bank, Southwest, Redburn, FactSet, FTAI Aviation, Texas, Texas Roadhouse, LSEG . Revenue, Colgate, Palmolive Locations: Norfolk

Meanwhile, Redburn Atlantic initiated coverage of DoorDash with a buy rating and a price target implying upside of more than 60%. He also notched down his price target to $29 from $32, indicating 9.4% downside potential from Thursday's close. Analyst Vivek Arya reiterated his buy rating on the Dutch-based chipmaker in a client note on Thursday. He also cut his price target to $1.25 from $6.25, which was 7 cents below Thursday's close price. DASH YTD mountain AAPL year to date — Hakyung Kim 5:33 a.m.: Raymond James raises Apple price target Raymond James is getting more bullish on Apple ahead of earnings.

Persons: Raymond James, Michael Linenberg, Linenberg, Southwest's, — Hakyung Kim, BofA, Vivek Arya, NXP, NXPI, Arya, Davidson, Alexander Perry's, Perry, Morgan Stanley, International Morgan Stanley, Nathan Feather, Feather, Hakyung Kim, James Cordwell, Cordwell, EBITDA, Srini Pajjuri, Fred Imbert Organizations: CNBC, Apple, Southwest Airlines Deutsche Bank, Southwest Airlines, Revenue, NXP, Bank of America, EV, Harley, International, WW International, DoorDash Locations: U.S, China, Thursday's, 2H24

☆ Airlines roll out business seat upgrades at Farnborough Airshow as demand for lucrative cabin class set to rise
▼ + stars: | 2024-07-26 | by ( Jenni Reid | Marylou Costa | ) www.cnbc.com time to read: +2 min

Qatar Airways displayed its business class upgrade at Farnborough Airshow near London. Zoom In Icon Arrows pointing outwards Qatar Airways' new business class product, the Qsuite Next Gen', features retractable screens. Rolling out new business class seats across an airline's fleet is usually a lengthy process spanning years, as upgrades are installed in new aircraft and retrofitted onto planes already in service. Qatar Airways' "Qsuite Next Gen" business class seat, showcased at the Farnborough Air Show on July 22, 2024. Qatar Airways

Organizations: England — Airlines, Qatar Airways, Farnborough, CNBC, Boeing, Qatar Locations: FARNBOROUGH, England, London

☆ Here's how options traders are bullishly betting on a small-cap index as it overtakes mega-cap tech
▼ + stars: | 2024-07-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The put is OTM because the strike price is below the spot price. Related storiesIf you have a bullish outlook on the IWM, you expect the share price to continue rising or at least not drop below the strike price. Picking the appropriate strike price is subjective and based on a trader's risk tolerance and the premium they're looking for. Tastylive, options chainSince options contracts are purchased in lots of 100, it could seem nerve-racking to think you may need to accept delivery of those shares. Worst-case scenario, you end up owning IWM shares at a cost below what you would have bought them for on the spot market, Dierking said.

Persons: Russell, Liz Dierking, Dierking, IWM, That's Organizations: Service, Nasdaq Locations: IWM

☆ Qatar Airways CEO says complaining about Boeing delays would be 'crying over spilled milk' as airline expands 777X order
▼ + stars: | 2024-07-26 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +1 min

Qatar Airways' CEO told reporters he expects its first Boeing 777X in early 2026. The world's best airline also expanded its 777X order at the Farnborough Airshow. It's a sign of confidence in Boeing during a testing period for the planemaker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementQatar Airways' CEO isn't dwelling on delays to the Boeing 777X, in a sign of confidence for the embattled planemaker.

Persons: —, Badr Mohammed Al, Meer Organizations: Qatar Airways, Boeing 777X, Farnborough, Boeing, Service, Business

To understand the wave of coconut tree and K-Hive content that’s hitting your social media feeds and your group texts this week, you need some context. She worked for the Kamala Harris campaign as a social media strategist during the then senator’s failed 2019 run. As she told Audie Cornish on The Assignment, the current internet obsession with remixing Harris’ 2023 White House speech invoking a coconut tree isn’t that surprising. “They can create and uplift the messages that are arising organically without overdoing it or making it feel cringe,” she said. “This is where trusted messengers, I think, are really, really important.”Listen to the full conversation on The Assignment here.

Persons: Deja Foxx, Kamala Harris, she’s, Audie Cornish, Harris, ” Foxx, “ Young, ”, Foxx, Harris ’, you’ve Organizations: Harris Locations: girlhood

☆ Credit Card Rewards Are Making Us Jerks, Causing Fights Among Friends
▼ + stars: | 2024-07-25 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

He's not doing all this out of the kindness of his heart; he's doing it because he wants the credit-card rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. But credit-card rewards are, indeed, making things uncomfortable. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card.

Persons: Pam, she's, It's, He's, Jane, Joe, there's, Mary fuming, Matt Schulz, Taylor Swift, I'm, Jen, who's, She'd, nonpoints, Emily Thompson, Guy, they'd, Ted Rossman, —, Danielle Bayard Jackson, she'd, Thompson, I'd, Matt, " Schulz, LendingTree, they've, Emily Stewart Organizations: brunch, LendingTree, American, Business Locations: San Francisco, Ipsos, Singapore, Chicago, Alaska, Florida

☆ These stocks have strong balance sheets as broader market sells off
▼ + stars: | 2024-07-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Against this backdrop, Wolfe Research searched for stocks with a high free cash flow yield — that is, a comparison of a company's free cash flow to its market capitalization. Free cash flow refers to the amount of cash leftover after a company has paid its expenses. A higher free cash flow yield means the company is generating more cash, which it can then reinvest back into its business for further growth. With an estimated 2024 free cash flow yield of 5%, Lockheed Martin also made the list. IBM has an estimated 2024 free cash flow yield of 6%.

Persons: Wolfe, Wells, Daniel Politzer, Lockheed Martin, TD Cowen, Cai von Rumohr, Mills Organizations: Wolfe Research, Vegas Sands, Lockheed, Technology, Machines, IBM, Bank of America, Infrastructure, Consulting, Body, Delta Air Lines Locations: Macau, Bath

☆ Honeywell drops on cuts to guidance. Here's why it may provide an opportunity
▼ + stars: | 2024-07-25 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

It also came in above the high end of management's guidance. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance. The changes are tied to the inclusion of previously closed and announced acquisitions, as well as a slower-than expected-rebound for short-cycle businesses. Unfortunately, despite some "pockets of short-cycle strength," other short-cycle businesses "are not accelerating as much as we had hoped," CFO Greg Lewis said on the call. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance.

Persons: Honeywell downwardly, Greg Lewis, Vimal, Lewis, abate, Jim Cramer's, Jim Cramer, Jim, Daniel Barry Organizations: Honeywell, Revenue, LSEG, Emerson, Aerospace Technologies, Management, Aerospace, Automation, Carrier's, Solutions, CAES Systems Holdings, Air Products, Industrial Automation, Energy, Sustainability Solutions, CNBC, Bloomberg, Getty Locations: UOP, Morristown , New Jersey

Best Grocery Credit Cards of 2024Introduction to Grocery Credit CardsIf you spend a lot of money on groceries, using a rewards credit card that offers bonus rewards at the supermarket makes sense to maximize this necessary expense. Note that credit card lenders may use many different variations of credit score models when considering your application. The ones reviewed here are the best grocery credit cards in 2024, according to Business Insider's team of credit card experts. Best for Cash Back on Groceries With No Annual Fee: Capital One SavorOne Cash Rewards Credit CardBest for cash back on groceries with no annual fee Capital One SavorOne Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Best Credit Card for Groceries Frequently Asked QuestionsAre grocery credit cards worth it?

Persons: Rose Gold, Uber Cash, Uber, you'll, Chase, —, airfare, Read, Cash, Cardholders, cardholders Organizations: Business Insider, Citi, Premier, Card, Express, American, Chase Travel, Chase, Sapphire, Hotel, FDIC, CitiTravel.com, EV, Citi Strata Premier, Disney, Uber, Capital One Entertainment, Capital, Walmart, Target, Foods, Amazon, Amazon.com, Visa, Business, Supermarkets, U.S, American Express, Pharmacy, Costco Locations: U.S, AmexTravel.com

☆ Many early-adopting EV owners around the world want to gas up again
▼ + stars: | 2024-07-25 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +6 min

Many U.S. EV owners, in particular, are having second thoughts. EV adoption has slowed in the U.S., even as the recent earnings and delivery reports from both GM and Ford showed sizable increases in EV sales. Ford said EV sales were up 60%, to nearly 24,000 units, but CEO Jim Farley described a "more realistic and sharpened" EV plan during its earnings call. Drury said that some distinctions are becoming clear between all EV owners and those who are most satisfied. As battery range and density increase, and EV charging infrastructure improves, and prices continue down, Brauer said the picture should brighten for EV sales.

Persons: Scott Olson, Ford, Jim Farley, Tesla, Mary Barra, Edmunds, EVs, Ivan Drury, it's, I'm, Drury, Karl Brauer, they're, Brauer, Barra Organizations: Getty, McKinsey, U.S, EV, GM, Ford, Gallup, CNBC, ICE Locations: Chicago , Illinois, ICEs, Australia, Brazil, China, Germany, Norway, France, Italy, South Korea, U.S, , California

☆ Wall Street analysts see more downside ahead for Tesla as latest earnings report lacks 'razzle dazzle'
▼ + stars: | 2024-07-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street is bracing for a rocky road ahead for shares of Tesla on the heels of a messy second-quarter print. That week Tesla shares rallied more than 27% to briefly erase a year-to-date loss . UBS analyst Joseph Spak noted the current stock price reflects a investors ascribing a "hefty value" to these plans. His $120 price target implies about 28% downside from Tuesday's close. Piper Sandler's Alexander Potter upped his price target to $300 from $205 a share, citing expectations for a faster-than-expected rollout of full self-driving (FSD) capabilities.

Persons: Tesla, Wells Fargo's Colin Langan, Cantor Fitzgerald, Pierre Ferragu, Goldman Sachs, Mark Delaney, Delaney, Joseph Spak, Spak, Toni Sacconaghi, Piper Sandler's Alexander Potter, Baird's Ben Kallo, Stephen Gengaro Organizations: Tesla, UBS, EV Locations: 1H25

☆ Read the memo from CrowdStrike explaining how its update broke the world's computers
▼ + stars: | 2024-07-24 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +11 min

The issue on Friday involved a Rapid Response Content update with an undetected error. Rapid Response Content Testing and DeploymentRapid Response Content is delivered as content configuration updates to the Falcon sensor. This release followed all Sensor Content testing procedures outlined above in the Sensor Content section. Software Resiliency and TestingImprove Rapid Response Content testing by using testing types such as: Local developer testing Content update and rollback testing Stress testing, fuzzing and fault injection Stability testing Content interface testingAdd additional validation checks to the Content Validator for Rapid Response Content. Rapid Response Content DeploymentImplement a staggered deployment strategy for Rapid Response Content in which updates are gradually deployed to larger portions of the sensor base, starting with a canary deployment.

Persons: —, CrowdStrike Organizations: Delta Air Lines, Windows, Linux, IPC

☆ Assessing Netanyahu’s Speech to Congress
▼ + stars: | 2024-07-24 | by ( Linda Qiu | ) www.nytimes.com time to read: +2 min

Prime Minister Benjamin Netanyahu of Israel, in a defiant address to members of Congress on Wednesday, defended his country’s war with Hamas in Gaza and criticized American protesters and international human rights groups. Some of his remarks have been disputed by human rights groups, and others are unverifiable or lacked context. What Was Said“The prosecutor of the International Criminal Court has shamefully accused Israel of deliberately starving the people of Gaza. Israel has enabled more than 40,000 aid trucks to enter Gaza. But the number of trucks allowed into the strip and the amount of aid they carry have been in dispute.

Persons: Benjamin Netanyahu, Israel, Said “, Netanyahu Organizations: United Nations, NPR Locations: Gaza, Israel, COGAT

☆ Tesla tanks 13% after earnings, dragging other EV stocks lower
▼ + stars: | 2024-07-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Tesla's stock dropped as much as 13% on Wednesday after reporting weak second-quarter earnings. AdvertisementTesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors. It marked the fourth straight quarter Tesla has fallen short of analyst forecasts. The taxi's unveiling, seen by many on Wall Street as a major AI-driven catalyst for Tesla, was originally scheduled for next month. "Tesla's muddling through the EV recession," Morgan Stanley analyst Adam Jones wrote, citing a quarter-over-quarter drop in capital expenditures.

Persons: Tesla, —, Elon Musk, Morgan Stanley, Adam Jones, Nikola, Dan Levy, Tesla's, Cantor Fitzgerald, Andres Sheppard, Gene Munster, Dan Ives, Sheppard Organizations: Service, EV, General Motors, Buick, Barclays, Deepwater Asset Management, Wedbush Securities, Tesla

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