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☆ Adtech company Criteo is laying off up to 4% of staff as it prepares for the cookie apocalypse
▼ + stars: | 2024-04-12 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCriteo, the publicly traded adtech company, told staffers this week it would lay off up to 4% of its staff, people familiar with the matter told Business Insider. The company had 3,563 employees as of December 31, meaning the reduction could affect around 140 people. AdvertisementIn its most recent quarter, Criteo reported a return to profit on flat revenue, having made $70 million in cost savings over 2023. Criteo also made a round of layoffs last year, Digiday reported, though the company didn't disclose the number of employees affected.

Persons: —, we've, Criteo, retargeting, It's, Petrus, Digiday Organizations: Service, Business, Google Locations: Paris

☆ Opinion: What we may never understand about O.J. Simpson
▼ + stars: | 2024-04-11 | by ( Gene | Opinion Gene Seymour | ) edition.cnn.com time to read: +13 min

Walter Iooss Jr./Sports Illustrated via Getty Images Simpson competes during a track event at the University of Southern California in 1967. Focus On Sport via Getty Images Simpson gets ice applied to his bandaged right foot from his wife Marguerite in 1967. Bettmann Archive/Getty Images Simpson poses with the Heisman Memorial Trophy after receiving the award in 1968. Bettmann Archive/Getty Images Simpson is brought down by another football player during the Hula Bowl in 1969. ABC Photo Archives/Disney General Entertainment Content via Getty Images Simpson acts in a scene from the 1978 film "Capricorn One."

Persons: Gene Seymour, Orenthal James Simpson, Gene Seymour Jeremy Freeman, we’ve, We’ll, Simpson, Jim Brown, Muhammad Ali, Bill Russell, “ I’m, acclimate, Simpson’s, Nicole Brown Simpson, Ronald Goldman, O.J, Bundy, Vince Bucci, Malcolm W, Emmons, Walter Iooss Jr, Marguerite, Arnelle, Tony Tomsic, Jason, Michael Ochs, Lola Falana, Richard Burton, Everett, George Gojkovich, Bruce Bennett, Jim Ringo, LeVar Burton, Gilda Radner, Jane Curtin, Joe Namath, Frank Gifford, Mickey Pfleger, Nicole, Adam, PhotoQuest, Vinnie Zuffante, Leslie Nielsen, George Kennedy, Al Cowlings, Ford Bronco, Simpson's, Ronald Lyle Goldman, Allen J, Simpon, Cowling, Ron Galella, Chris O'Meara, Robert Kardashian, Alvin Michelson, Kardashian, Barbara Alper, Johnnie Cochran , Jr, Myung J, Chun, Reuters Simpson, Wilfredo Lee, Colin Braley, Christy Prody, Frazer Harrison, Jason Bean, Brooke Keast, AP Simpson, Jeffrey T, Barnes, Brown, O.J . Simpson, Mark Fuhrman Organizations: The New York Times, Newsday, Entertainment, The Washington, CNN, University of Southern, LA Coliseum, Fame, Getty, Sporting, USC, Bettmann, UCLA, Buffalo Bills, USA, Michael Ochs Archives, New York Jets, NFL, ABC, Disney, Warner Bros, San Francisco 49ers, AP, United, Paramount, Everett, Ford, Los Angeles Times, Los Angeles Police, New York Daily News, Los Angeles Daily, AP Simpson, Reuters, Lovelock Correctional, Nevada Department of Corrections, Goldman, Los Angeles Police Department Locations: University of Southern California, San Francisco, O.J, Los Angeles, Simpson, AFP, Hollywood, California, Cowlings, Simpson's Brentwood , California, Tampa , Florida, Los, Surrey, England, Miami, Dade County, Lovelock , Nevada, Las Vegas, Lovelock, Nevada

☆ Native teens are nearly 4 times as likely to commit suicide. Tribes suing Meta, Google, TikTok, and Snapchat say social media addiction fuels the problem.
▼ + stars: | 2024-04-11 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Read previewTwo tribes are suing social media giants, accusing them of contributing to the high suicide rates among Native teenagers by purposely getting kids hooked on their platforms. The lawsuits name Facebook, Instagram, Snapchat, TikTok, YouTube, and their parent companies, including Meta and Google as defendants. In collaboration with youth, mental health, and parenting experts, we built services and policies to provide young people with age-appropriate experiences and parents with robust controls. Other lawsuits have been brought over social media addiction, including by dozens of state attorneys general who sued Meta last year. However, these are the first lawsuits over social media addiction brought by federally recognized tribes, according to Robins Kaplan, the firm that filed the suits.

Persons: —, Lonna Jackson, Gena Kakkak, José Castaneda, Snapchat, Robins Kaplan, Tim Purdon, Meta Organizations: Service, Superior Court, Facebook, YouTube, Meta, Google, Business, Street, Spirit, Center for Native American, Tribal Nations, American Indian Law, Policy, New, Inc, Associated Press Locations: Los Angeles, Lake, North Dakota, Menominee, Wisconsin, Country, Spirit Lake, New York City

☆ Big donation to Rudy Giuliani defense fund is target of lawsuit alleging fraud by donor
▼ + stars: | 2024-04-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

There is no public evidence that Giuliani and Martorano know each other. Giuliani spokesman Ted Goodman, in an email to CNBC, said "This is a lawsuit unrelated to us." CNBC requested comment from lawyers for Martorano, his wife, and the other defendants in both the Georgia lawsuit and a federal civil racketeering and fraud lawsuit in California related to the alleged skincare cream scam. In her ruling, the judge wrote that the plaintiff "has shown by a preponderance of the evidence that Konnektive Defendants deceived banks and credit card companies." "The Konnektive software was designed specifically for the purpose of facilitating automated bank fraud," according to the federal suit.

Persons: Rudy Giuliani, Bonnie Cash, Rudy Giuliani's, Matthew Martorano, Giuliani, Donald Trump, Trump, —, Martorano, Kevin Kneupper, LeAnne Tan, Ted Goodman, Kathryn Martorano, Konnektive, Kneupper, San Diego judge's, Don Emmert Organizations: New York, U.S, Reuters, New York City, CNBC, La, Visa, Mastercard, Fulton County Superior Court, San Diego, Federal, New, Trump National Golf, AFP, Getty, Trump Save America, Save, Commission Locations: Washington , U.S, Georgia, Martorano, Fulton County, California, San Diego, San, New York, Bedminster , New Jersey

☆ Gen Z is less happy than previous generations, and it may be because they value this one thing
▼ + stars: | 2024-04-11 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

AdvertisementHappiness may be hard to define, but Gen Z knows at least one thing that helps them achieve it. But while nearly two-thirds of Gen Z identify as happy, that percentage drops significantly as people in the age group right as they reach adulthood (ages 18 to 26). The Gallup study isn't a direct comparison but did use previous surveys to assess differing happiness levels between Gen Z and prior generations, Hrynowski told the outlet. Adequate amounts of sleep and relaxation ranked second among factors contributing to Gen Z happiness. Advertisement"There's this perception that Gen Z is really connected, but are those connections of a high quality in there?

Persons: —, Gen Z, Zach Hrynowski, Hrynowski Organizations: Gallup, Service, Walton Family Foundation, CNN, Business, CNBC

☆ The wreckage of the Titanic was found nearly 39 years ago during a secret US Navy mission to recover nuclear submarines
▼ + stars: | 2024-04-11 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +3 min

But the dive initially had nothing to do with the Titanic at all — it was a secret mission to find the wrecks of two nuclear submarines, the USS Scorpion and the USS Thresher. The USS Thresher sank in April 1963, and the USS Scorpion followed five years later, in May 1968. They remain the only nuclear submarines the Navy has ever lost, reported the United States Naval Institute. Xavier Desmier/Gamma-Rapho/GettyWith 12 days left in the mission, Ballard found the Titanic using a hunch that the ship had split in two and left a trail of debris. Correction: July 18, 2023 — An earlier version of this story misstated when the USS Scorpion disappeared.

Persons: —, Robert Ballard, Jean, Louis Michel, Ballard, Bettmann, Getty Ballard, Ronald Thunman, Xavier Desmier Organizations: Service, Titanic, Navy, New York Times, Business, USS, Geographic, National Geographic, US Navy, United States Naval Institute, Soviet Union Locations: American, French, Soviet

☆ Instagram to crack down on teen sextortion
▼ + stars: | 2024-04-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

The company announced on Thursday it is testing new features to curb an alarming trend called financial sextortion, which often targets kids and teenagers. Once the nude images are sent, the scammers claim they’ll post them online, either on public websites or on newsfeeds where their friends will see, unless the victims send money or gift cards. In the upcoming weeks and among a subset of users, Instagram said it will roll out various new features, such as blurring nude images sent in direct messages and informing users when they’ve interacted with someone who engaged in financial sextortion. But the FBI recently said it has seen an increase in financial sextortion cases from strangers, often started by scammers overseas. Meta said it is also working on ways to identify accounts that may be engaging in sextortion scams by detecting and monitoring likely sextortion behavior.

Persons: Instagram, they’ve, ” Antigone Davis, “ It’s, sextortion, Meta, Meta Meta, ” Davis, “, ” Organizations: CNN, FBI, National Center for, Meta, Tech Coalition

Read previewGen Zers are facing plenty of challenges as they slowly but surely rise through the ranks of school, work, and the economy. Gallup sampled 2,271 Gen Zers ages 12 through 26 at the end of November 2023. Related storiesThe places where Gen Z finds purpose — school and work — are becoming more elusive for some as the rate of "disconnected youths" rises. Just six in 10 Gen Zers responded that they always or often feel their life has direction, with feelings of significance and purpose lower among older Gen Zers. This drop was most pronounced for Gen Z employees — down six percentage points from last quarter — who increasingly feel less connected to their company's culture.

Persons: —, Gen, Gallup, Zers, Gen Zers, Gen Z, Z Organizations: Service, Gallup, Business

☆ Big corporations are quietly taking over your medical practice. Some doctors and experts say it's ruining healthcare.
▼ + stars: | 2024-04-11 | by ( ) www.businessinsider.com time to read: +17 min

UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.

Persons: —, UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta

☆ Meteorites may be lost to Antarctic ice as climate warms, study says
▼ + stars: | 2024-04-10 | by ( Katie Hunt | ) edition.cnn.com time to read: +9 min

Ice sampling occurs on a blue ice area during the 2022 Chilean Antarctic Institute field mission. “As the climate continues to warm, Antarctic rocks are sinking into the ice at an increasing rate. Meteorites are particularly plentiful in blue ice fields. Steven Goderis/Vrije Universiteit BrusselResearchers have identified areas of meteorite-rich blue ice mostly by luck. “The main worry is the logistical aspect of searching for Antarctica meteorites, which is already difficult today due to the remoteness of Antarctica.

Persons: Maria Valdes, ”, Valdes, Robert A, “, José, wasn’t, Balchenfjella, Steven Goderis, Veronica Tollenaar, ” Valdes, Tollenaar, ” Tollenaar, Harry Zekollari, Katherine Joy, Matthias van Ginneken, van Ginneken, Kevin Righter, Righter Organizations: CNN, Field, University of Chicago, Pritzker Center, Meteoritics, Polar Studies, Antarctic Institute, University of Santiago, Vrije Universiteit Brussel, Université Libre de Bruxelles, University of Manchester, University of Kent’s, Astrophysics, NASA Johnson Space Center Locations: Antarctica, Chile, Vrije, Université, Belgium, Houston

☆ Nvidia and Georgia Tech announce first AI supercomputer for students
▼ + stars: | 2024-04-10 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Nvidia and the Georgia Institute of Technology announced Wednesday the first artificial intelligence supercomputer designed for student use. At first, only Georgia Tech's undergraduate students will be able to use the computing cluster, which is fueled by Nvidia's enterprise AI software and a "virtual gateway" developed by Penguin Solutions. So far, students have used the supercomputer in just one class — foundations of machine learning — since the beginning of the semester, but Georgia Tech plans to continue scaling usage. Georgia Tech's supercomputer runs on 20 Nvidia HGX H100 systems, which house 160 of Nvidia's H100 GPUs, which are high in demand across the tech industry. For reference, it would take one of these 160 GPUs a single second to come up with a multiplication function that would take 50,000 students 22 years, according to a Georgia Tech release.

Persons: Jensen Huang, Raychowdhury Organizations: Nvidia, Georgia Institute of Technology, Penguin Solutions, Georgia Tech, Georgia Tech's School of Electrical, Computer Engineering, CNBC, Arizona State University, ChatGPT Enterprise, Georgia Tech's Locations: Georgia

☆ Internet price hikes for low-income Americans could begin in May as federal funds run dry, FCC says
▼ + stars: | 2024-04-10 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Due to lack of funds, April will be the final month the ACP can provide full benefits, the FCC said Tuesday. Next month, ACP subscribers can expect to receive only 46% of their usual benefit, the FCC said. After that, program subscribers may have to pay hundreds of dollars more per year to stay online, or could potentially have to give up internet service entirely. Many ACP subscribers have told CNN that without help, they could have to choose between paying for internet and putting food on the table. CNN is reaching out to major internet providers for comment on the FCC’s call for those voluntary measures.

Persons: Biden, Mike Johnson, Chuck Schumer, Ohio Democratic Sen, Sherrod Brown, Kansas Republican Sen, Roger Marshall, “ Organizations: CNN, Federal Communications Commission, FCC, ACP, Ohio Democratic, Kansas Republican, Senate Locations: Congress

☆ Extreme temperatures are tied to more than half a million stroke deaths a year. With climate change, expect more
▼ + stars: | 2024-04-10 | by ( Jen Christensen | ) edition.cnn.com time to read: +6 min

Men had more strokes related to extreme temperatures than women, but it affected people across all age groups. While that may sound counterintuitive for global warming, cold temperatures also come along with climate change. Last year was the warmest since scientists started recording global temperatures in 1850 and temperatures are expected to break more records in the near future. The new study wasn’t designed to show why extreme temperatures that come with the climate crisis seem to be causing so many strokes. Extreme cold temperatures also can lead someone to have a stroke.

Persons: Mary Rice, ”, Rice, Beth, ” Rice, Ali Saad, who’s, Dr, Sanjay Gupta, “, ‘ I’m, ’ ” Saad, Saad, ” Saad Organizations: CNN, Neurology, Xiangya Hospital Central South University, Central Asia “, Harvard Medical School, Beth Israel Deaconess Medical, Health, University of Colorado, CNN Health Locations: China, Africa, Central Asia, Boston

☆ Vietnam aims to start work on high-speed rail lines to China by 2030
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +1 min

Vietnam's Prime Minister Pham Minh Chinh (R) bids farewell to China's President Xi Jinping after their meeting at the Government Office in Hanoi on Dec. 13, 2023. Vietnam aims to start building two high-speed railway lines linking its capital Hanoi with China before 2030, the Ministry of Planning and Investment said, another sign of a recent warming of ties between the two Communist-ruled neighbors. China is Vietnam's largest trading partner and a vital source of imports for its manufacturing sector. The two countries are already connected via a system of highways and two railway lines that are old and need upgrading on the Vietnam side. One of the planned high-speed lines would run from Vietnam's port cities of Haiphong and Quang Ninh through Hanoi to Lao Cai province, which borders China's Yunan province, the ministry said in a statement released late on Tuesday.

Persons: Pham Minh Chinh, Xi Jinping, Lao Cai Organizations: Vietnam's, Government, Ministry of Planning, Investment Locations: Hanoi, Vietnam, China, Vietnam's, Haiphong, Quang Ninh, Lao, China's Yunan, Lang Son, China's Guangxi

☆ Vietnam is planning high-speed rail connections with China
▼ + stars: | 2024-04-10 | by ( ) edition.cnn.com time to read: +2 min

Vietnam aims to start building two high-speed railway lines linking its capital Hanoi with China before 2030, the Ministry of Planning and Investment said, another sign of a recent warming of ties between the two Communist-ruled neighbors. The two countries are already connected via a system of highways and two railway lines that are old and need upgrading on the Vietnam side. Earlier this month, Vietnam said it was seeking to learn from China to develop its first high-speed railway network and had sent its officials to work with Chinese railway companies. A massive high-speed railway line linking capital Hanoi with business hub Ho Chi Minh City is also being planned in the country. Trade between Vietnam and China in the first quarter of this year rose 22% from a year earlier to $43.6 billion, according to Vietnamese government data.

Persons: Lao Cai, Vuong Dinh Hue, Xi Jinping Organizations: Ministry of Planning, Investment, National Locations: Vietnam, Hanoi, China, Vietnam’s, Haiphong, Quang Ninh, Lao, China’s Yunnan, Lang Son, China’s Guangxi, Chi Minh City, Beijing, South China

☆ How Muslim Americans are observing Eid-al-Fitr in the midst of the crisis in Gaza
▼ + stars: | 2024-04-10 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +9 min

In Gaza, it’s customary to make large batches of the cookies during Eid and other holidays to distribute to family and friends. Ahead of Eid, El-Haddad and her daughters prepare ka'ik, traditional ring-shaped cookies stuffed with date paste. Some other Muslim Americans aren’t in the mood to celebrateFor some other Muslim Americans, the ongoing assault on Gaza has cast a shadow over Eid festivities. Given the humanitarian crisis in Gaza, some Muslim American communities are not in the mood for elaborate Eid celebrations this year. So on Eid, El-Haddad will honor her aunt by cooking sumagiyya the way she knows how.

Persons: Laila El, Haddad, Eid, Haddad —, —, An’am Dalloul, Hoda, Hani, Dalloul —, El, “ Um Hani, ”, Hani ” —, An’am, Maggie Schmitt, ’, “, that’s, It’s, she’s, ” El, aren’t, Joe Biden’s, Laura Oliverio, CNN Arafat Herzallah, Herzallah, Herzallah’s, He’ll, he’s, they’ll, Abdul Elenani, Ayat Masoud, Elenani, they’d Organizations: CNN, sumagiyya, El, Palestinian Ministry of Health, Hamas, Palestinian American Community Center, ” Locations: Gaza, chard, chickpeas, El, Maryland, Gaza City, Israel, Rafah, New Jersey, Patterson, Palestine, San Francisco, New York

☆ The Masters: The eclipse is all anyone can talk about at Augusta National
▼ + stars: | 2024-04-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

The total solar eclipse plunged Augusta National Golf Club into darkness shortly after 3 p.m. local time in Georgia, bringing the major’s first practice round to a standstill as players, caddies and patrons turned their gazes skyward. 1 Scottie Scheffler – though only after being provided with a pair of viewing glasses by one helpful young fan. Caddies also donned solar glasses. “This is timed up pretty good; get to watch the end of the world at Augusta National,” the American said, laughing. An eclipse hasn't coincided with Masters week since 1940.

Persons: “, Will Zalatoris, ”, Bubba Watson, Matt Slocum, Stewart Hagestad, Scottie Scheffler –, Hagestad, Scottie, Jimmy Demaret, Caddies, Warren Little, Peter Malnati, Brian Harman, Adam Cairns, Corey Conners, Conners Organizations: CNN, Golf, PGA, Augusta National, Reuters Locations: Georgia, USA

☆ $1 million homes are now 'typical' in a record number of U.S. cities, analysis finds. Here’s where they are
▼ + stars: | 2024-04-09 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

In February, the country had 550 "million-dollar" cities, or areas where the "typical" home value is $1 million or more, according to a new analysis by Zillow. That is a gain of 59 cities from 2023, and edges out the previous record of 522 such cities when home values peaked in 2022. Some places have lost 'million-dollar city' statusCalifornia has the most million-dollar cities, with 210. Even though there are more million-dollar cities this year, the record amount is connected to how the lock-in effect is affecting an area's supply, according to Olsen. "In those places where we've lost million-dollar cities … they're not as locked in, and they have a lot more of that new construction that helps that picture, too," she said.

Persons: Jon Lovette, Skylar Olsen, Zillow, Olsen, we've Organizations: Colorado — Locations: U.S, California, — New York , New Jersey , Florida , Massachusetts, Colorado

☆ Cornel West to announce VP pick Wednesday on Tavis Smiley show
▼ + stars: | 2024-04-09 | by ( Eva Mckend | ) edition.cnn.com time to read: +1 min

CNN —Independent presidential candidate Cornel West will announce his vice presidential running mate on Tavis Smiley’s radio program Wednesday, according to his campaign. On the show, slated to air at noon ET, West will discuss why his West Coast-based vice presidential pick – who, like him, has never held elected office – best aligns with his values, according to a campaign official. They will also appear jointly at a rally in the Astoria neighborhood of Queens in New York later this month. Like fellow independent presidential candidate Robert F. Kennedy Jr., West needs to announce a running mate so that he can compete to get on ballots across the country in earnest. “I think it’s highly likely that we’ll come out on the ballot in New York,” a spokesperson for West said.

Persons: Cornel, –, “, ” West, Robert F, Kennedy Jr, West, ” Organizations: CNN, Independent, Cornel West, Green Locations: Coast, Astoria, Queens, New York, Alaska , Oregon, South Carolina, Utah, In Utah, West

☆ Check out the pitch deck that helped adtech identity company ID5 raise $20 million from investors including TransUnion and Martin Sorrell's S4S
▼ + stars: | 2024-04-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Adtech company ID5 said Tuesday it had raised $20 million in Series B investment. The ID5 identifier has been deployed by more than 66,000 publishers, per the metadata company Sincera. ID5 has now raised just over $27 million in funding to date, though the company declined to disclose its post-money valuation. New investors in this round included the credit reporting and data agency TransUnion and advertising veteran Martin Sorrell's venture capital firm S4S Ventures. Check out key slides from the pitch deck that helped ID5 raise $20 million in Series B funding.

Persons: ID5, Mathieu Roche, Martin Sorrell's, Sorrell, Matt Spiegel, Spiegel, Matt, Roche Organizations: Business, Data Protection, Publishers, Trade, S4S Ventures, Progress Ventures, Seventure Partners, Capital Partners, Aperiam Ventures

Thousands of residents and visitors viewed the event from the baseball field at Hidalgo de Dolores Elementary School. Residents began renting out their homes after area hotels reached capacity. ET Cuatro Ciénegas Amid a vast landscape of gypsum dune fields — formed over millions of years — spectators viewed the eclipse. ET Dallas Crowds set up their picnic blankets alongside the Trinity River, which runs through Dallas, one of the largest cities to experience the total eclipse. ET Russellville More than 100 couples were married in a giant ceremony just minutes before the eclipse, during the Total Eclipse of the Heart festival.

Persons: — Dennis Overbye, Andrés Manuel López Obrador, ” Federico Garza, ”, David Bowie, Pink Floyd, Sun Ra, Taylor Swift Organizations: North America Today, Hidalgo de Dolores Elementary School, Nazas, Residents, Dallas Crowds, Russellville, Eclipse, Liverpool, Illinois Department of Transportation, Indiana, Indianapolis, Indianapolis Zoo, Lucas Oil, Roll Hall of Fame, Attica Railroad, Eclipse Fest, Buffalo State, Syracuse, Syracuse Mets, Worcester Red Sox, Hotels, Montreal Locations: North America, — Dennis Overbye Mexico, Sinaloa State, Mazatlán, Mexico, Hidalgo, Texas, Eagle, Dallas, Arkansas, Ozark, . Illinois, Southern Illinois, Midwest, . Ohio, Lake Erie, Cleveland, Taylor Swift . New York, Niagara Falls, England, Burlington , Vt, Burlington, Lake Champlain, Maine, Canada, U.S, Montreal, Fredericton , New Brunswick, New Brunswick, EclipseFest

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ A Chinese smartphone maker is breaking into EVs and challenging Tesla. How the stock rates now.
▼ + stars: | 2024-04-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Just as the auto industry was grappling with BYD 's rapid rise, Chinese smartphone company Xiaomi has burst into the market — undercutting Tesla and vowing to become a global player. Meanwhile, Tesla last week revealed that its deliveries fell in the first quarter from a year ago . While he still likes Tesla longer-term , he and his team will hold a client webinar on Xiaomi, Tesla and global EVs on Tuesday. Xiaomi shares nearly reached that price during last week's surge. Meanwhile, Tesla shares are down 34% year to date.

Persons: BYD, Tesla, Lei Jun, Xiaomi, Morgan Stanley, Adam Jonas, Jonas, Morgan, Andy Meng, Meng, Taylor Ogan, Lei, Ogan, BEV, Nick Lai, Gokul Hariharan, Janet Yellen, overcapacity Organizations: Apple, Hong, Snow Bull, EV, JPMorgan, Treasury Locations: Hong Kong, China, Shenzhen, U.S

☆ What’s wrong with Tesla?
▼ + stars: | 2024-04-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

EV sales growth has been slowing for a while but in the last two quarters, EV sales didn’t increase much at all, according to estimates from Cox Automotive. “Looking at the data, the big [EV] slowdown is shaping up to be a Tesla slowdown,” said Valdez Streaty. Last year, Tesla sales were up 38% compared to 2022, but investors had expected more. While that’s much less than the roughly 80% of EV sales Tesla accounted for in 2019, according to Edmunds.com, it’s still a majority. But, if you leave out Tesla, sales of other electric vehicles, as a group, were up 33%.

Persons: Tesla, Elon Musk, Stephanie Valdez Streaty, Ford, ”, Valdez, It’s, Teslas, it’s, ” Valdez Streaty, Musk, tirades, Søren Holm, ” Tesla, ” Holm, Holm, “, Chris Isidore Organizations: CNN, Cox Automotive, Audi, BMW, Mercedes, EV, Tesla, Ford, Hyundai, Twitter, Reuters, Caliber, Covid Locations: United States, Edmunds.com, Teslas, Denmark

☆ There is no loneliness epidemic
▼ + stars: | 2024-04-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +17 min

With the report, a steady trickle of headlines about the epidemic turned into a firehose: "Loneliness is at epidemic levels and it's killing Americans" (USA Today); "This Epidemic of Isolation Is as Harmful as Smoking" (Bloomberg); "America's Loneliness Epidemic Comes for the Restaurant" (The Atlantic). There's one problem: The loneliness epidemic doesn't exist. Even the authors caution in their meta-analysis that "the frequently used term 'loneliness epidemic' seems exaggerated." Calling it a "loneliness epidemic," then, may be a bit like calling COVID a "sneezing pandemic." "There are many, many surveys that are just making up questions about loneliness and are not using the UCLA Loneliness Scale or some other validated loneliness scale," she says.

Persons: Vivek Murthy, Murthy, Hillary Clinton, Donald Trump, Sen, Chris Murphy, Ruth, University of Michigan —, Eric Klinenberg, Julianne Holt, it's, Dave Sbarra, Holt, David Riesman, Lunstad, I've, —, Sbarra, Klinenberg, Adam Mastroianni, " Mastroianni, Mastroianni, Biden, isn't, Jill Lepore, voicemails, There's, Jerome Adams Organizations: Bloomberg, Business, York, Gallup, University of Michigan, New York University, Brigham Young University, University of Arizona, Bell, University of California Los, Commerce, UCLA, Republican, Democratic Locations: Connecticut, Brooklyn, University of California Los Angeles, America, Washington, DC, COVID

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