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Given this outlook, the firm lifted its price target to $70 from $65, reflecting 24% upside from Thursday's close. — Samantha Subin 6:20 a.m.: Citi trims price target on Roblox, cites slower bookings growth Citi cut its price target on Roblox to $40 from $52 a share as the gaming platform grapples with a deceleration in bookings growth. "We are updating our model to account for 1Q24 results and our latest outlook," wrote analyst Jason Bazinet. For 2025, Citi now expects bookings growth of 14% versus 21%, or 4% below consensus. The firm expects bookings growth of 10% in 2026, which is 11% below consensus.

Persons: Macquarie, Jefferies, Reddit, Ronald Josey, OpenAI, Josey, – Samantha Subin, Mark McLaughlin, McLaughlin, — Samantha Subin, Jason Bazinet, DAUs, Bazinet, Craig Siegenthaler, Siegenthaler, Robinhood, — Fred Imbert, Morgan Stanley downgrades Baidu, Morgan Stanley, Gary Yu, Yu, Ellie Jiang, JD, Jiang, Laurence Alexander, Alexander Organizations: CNBC, DuPont, OpenAI, Bank of America, Citi, Baidu, Macquarie, Jefferies, DuPont de Nemours Locations: China, 3Q24, Robinhood, Underperform, Thursday's, JD.com

☆ Gold drifts higher as rising Fed rate cut expectations boost appeal
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts by the U.S. Federal Reserve as early as September. Spot gold rose 0.1% at $2,388.10 per ounce, as of 0255 GMT, after gaining more than 1% to its highest since April 19 on Wednesday. "Following the April consumer price index data, the odds for a potential September rate cut have firmed, which suits the gold price from a yield perspective," said Tim Waterer, chief market analyst at KCM Trade. However, a potential bounce in the dollar or treasury yields could be the biggest hurdle for gold price in the remainder of the week." Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold.

Persons: Tim Waterer, Austan Goolsbee, Jerome Powell's Organizations: U.S . Federal Reserve, Treasury, KCM, Chicago Federal Reserve Bank Locations: .

☆ Manchester United 3-2 Newcastle United: Ten Hag’s side bounce back, Amad and Gordon shine
▼ + stars: | 2024-05-15 | by ( Mark Critchley | Chris Waugh | ) www.nytimes.com time to read: +8 min

Mark Critchley and Chris Waugh analyse the main talking points from Old Trafford…What does this mean for Manchester United? Mark CritchleyWhat does this mean for Newcastle United? Howe’s side are level on points with Manchester United, but above Ten Hag’s team on goal difference, a factor which could yet prove critical. Newcastle’s season-long away form, which is merely the 15th-best in the Premier League, has held them back throughout the campaign. What next for Newcastle United?

Persons: Newcastle United’s, Premier League Kobbie Mainoo, Anthony Gordon, Rasmus Hojlund, Lewis Hall, Mark Critchley, Chris Waugh, Erik, Mainoo, Oli Scarff, Stu Forster, Newcastle’s, Bruno Fernandes, Antony, Amad’s, Marcus Rashford, Alejandro Garnacho, Gordon, Aaron Wan, Jacob, St James ’ Park, they’ve, I’m, “, Eddie Howe, Roberto De Zerbi’s, Eddie Howe’s, — Organizations: Old, Manchester United, FA, Manchester City, Brighton, Premier League Kobbie, Newcastle, Arsenal, Getty, Europa League, Premier League, Newcastle United, Chelsea, Bournemouth, Brentford, Sunday, Europa Conference League, Ten, Manchester United’s, Manchester, St James, “ Newcastle, Sunday’s, Gtech Locations: Newcastle, Old Trafford, Europe, Crystal, AFP, Manchester, Brighton, Griffin

☆ Recent college grads are doing shockingly well. Can it last?
▼ + stars: | 2024-05-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

And recent grads aren’t just finding any job, they’re finding good jobs. Not all is well: The EPI study found that racial and gender wage gaps still remain large among recent grads. GameStop shares tripped multiple circuit breakers — a temporary and mandated halt in trading to let investors cool off for a bit. Robinhood denied claims on social media on Monday that it had once again halted GameStop stock purchases on its platform. Robinhood has not shut down the purchase of Gamestop shares,” Robinhood spokesperson Anupriya Ghate said in a statement to CNN.

Persons: it’s, —, Katherine deCourcy, Elise Gould, “, Z, Z’ers, Krystal Hur, Keith Gill, Roaring Kitty, Gill, Robinhood, ”, Anupriya Ghate, ” Shein, Shein, CNN Shein Organizations: CNN Business, Bell, New York CNN, Economic Policy Institute, Stanford Institute for Economic Policy Research, Employers, GameStop, AMC, Partners, AMC Entertainment, Gamestop, CNN, Workers, Public, Public Eye Locations: New York, Black, Swiss, Guangzhou, China

☆ A bank ETF could bounce if inflation data is cooler than expected, Bank of America says
▼ + stars: | 2024-05-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The rapid shift in expectations away from multiple rate cuts this year may have created a trading opportunity around Wednesday's inflation data, according to Bank of America. We believe squeeze risks for rate-sensitive laggards on a CPI miss outweigh downside risks on a CPI beat," Kwon wrote. Specifically, there could be an opportunity to bet on the squeeze risk through the SPDR S & P Regional Banking ETF (KRE) , Kwon said. KRE YTD mountain This regional bank ETF is underperforming the broader market year to date. Investors could position for this potential squeeze by just buying the ETF outright, though that does carry the risk of a hot inflation reading pushing regional bank stocks down.

Persons: Ohsung Kwon, Kwon, Russell, CNBC's Michael Bloom Organizations: Bank of America . Equity, Regional Banking, Federal Reserve, Silicon Valley Bank, First Republic, Bank of America Locations: IWM, Silicon

☆ Amazon's cloud CEO departs with dour views on his tenure, amid growing competition and AI woes
▼ + stars: | 2024-05-14 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +5 min

Selipsky's three years as AWS CEO were marked by mixed results. AdvertisementHe steered through some of the cloud business' slowest growth rates, largest layoffs, and biggest challenges in the artificial intelligence space. AdvertisementAmazon's generative AI service Bedrock was delayed after originally being scheduled to launch in the fall of 2022, the person said. Garman was once considered a frontrunner to replace former AWS CEO Andy Jassy in 2021 when Jassy took over as Amazon's CEO. Some insiders referred to Selipsky as "just a sales guy" and "uninspiring," as the cloud leader faced unprecedented competition in generative AI.

Persons: —, Adam, Selipsky, shakeup, Patrick Neighorn, Matt Garman, Garman, Andy Jassy, Jassy, Amazon, Ashley Stewart Organizations: Service, Web Services, Business, AWS, Amazon, BI, Rivals Microsoft, Google

☆ What moms really need this Mother’s Day: Less body-shaming, more support
▼ + stars: | 2024-05-12 | by ( Analysis Oona Hanson | ) edition.cnn.com time to read: +8 min

CNN —Flowers and brunch are lovely for Mother’s Day, but there’s an invaluable gift almost every mom would enjoy: a healthier body image. But almost all postpartum moms, celebrity or not, face an unspoken mandate to “bounce back” to their pre-baby body. If moms feel preoccupied with their appearance, exercise or what they eat (even “healthy eating”), it could be a sign of significant maternal mental health problems. “The body isn’t what it was before. Awareness of these external diet culture directives can help moms start to push back against unrealistic and harmful ideals.

Persons: Oona Hanson, CNN —, I’ll, Gisele Bündchen, shouldn’t, you’ve, ”, Jen McLellan, Jill Schwartz, ” Schwartz, Debra Benfield, perimenopause, ” Benfield, It’s, Benfield, ” McLellan, “, Agne Jurkenaite, McLellan Organizations: CNN, Vogue, National Alliance for Locations: Albuquerque , New Mexico, Los Angeles, Winston, Salem , North Carolina, midlife

☆ S&P 500 rebounds to less than 1% from a record after orderly three-week pullback
▼ + stars: | 2024-05-11 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The five-month, 28% sprint from the October correction low to the record high on the last trading day of the first quarter left the S & P 500 overbought, overheated and over-loved. .SPX YTD mountain S & P 500, YTD So far, so good, three weeks down and now three weeks up, taking the S & P 500 back to within 1% of its March 28 peak. More specifically, he tracks the correlation between S & P 500 and the Citi Economic Surprise Index. Fidelity Investments head of global macro Jurrien Timmer fashioned this look at the path of S & P 500 earnings heading into and through each calendar year, with 2024 holding up better than 2023 was last year at this time. The last time the S & P 500 was at today's level above 5200 in late March, the 12-month forward price/earnings multiple was 21.

Persons: that's, Jerome Powell, Scott Chronert, It's, Powell, Lori Calvasina, we've Organizations: U.S, Bank, Citi, Citi U.S, Fidelity Investments, Treasury, RBC Capital

☆ UK GDP growth: Country exits recession as services bounce back
▼ + stars: | 2024-05-10 | by ( Hanna Ziady | Anna Cooban | ) edition.cnn.com time to read: +2 min

The increase follows falls of 0.3% in the fourth quarter and 0.1% in the third quarter of last year. The Bank of England now expects UK GDP to expand by 0.5% this year, double the pace forecast in February, according to projections published Thursday. A growing economy could, however, delay the interest rate cuts widely expected this year. “Stronger GDP growth raises the risk of stronger demand pressures on inflation,” analysts at Nomura wrote in a note, adding that Friday’s GDP release “casts doubt” over a cut in June. Annual UK inflation came in at 3.2% last month, a sharp slowdown from a rate above 10% about a year ago.

Persons: Rishi Sunak, Sunak, Nomura, ”, Andrew Bailey, Bailey Organizations: London CNN, Gross, Office, National Statistics, Conservative Party, Labour Party, The Bank of England, P Global . Service, Bank of England Locations: United Kingdom

☆ Cramer reviews energy drink stocks that have seen declines, but says Celsius is worth buying
▼ + stars: | 2024-05-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday reviewed two major players in the energy drink sector that have seen declines recently: Celsius and Monster . Wall Street has loved this sector in the past, Cramer said, but in March and April the two stocks have "turned ice cold," along with many other growth stocks. But he was optimistic about Celsius' future performance, saying he'd buy the stock over Monster. While tighter inventory from PepsiCo isn't ideal, Cramer said he thinks Celsius will be fine moving forward because the rest of its business is solid. He acknowledged that Celsius stock has started to rebound — finishing up 6.4% on Thursday — but said it's still a good time to buy since it remains down from its highs.

Persons: CNBC's Jim Cramer, Cramer, he'd, I'm, wasn't, —, it's Organizations: PepsiCo

☆ Jim Cramer predicts this falling chip stock will bounce back despite guidance concerns
▼ + stars: | 2024-05-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "There is a sense that travel has declined a bit in the United States, and nobody is denying that," Cramer said. Cramer said investors have questions about the sustainability of Robinhood's success due to the popularity of options and crypto trading on the platform. … Last quarter was very, very good, and I think they themselves were shocked that this happened," Cramer said. Yeti Holdings : Shares popped more than 10% after the cooler and mug maker's first-quarter results topped estimates.

Persons: Jim Cramer's, Jim Cramer, Cramer, " Cramer Organizations: CNBC, Club, Arm Holdings, Nvidia, Robinhood, Holdings Locations: United States

☆ Biden says economy is doing well, claims polls don’t tell the whole story
▼ + stars: | 2024-05-08 | by ( Kevin Liptak | ) edition.cnn.com time to read: +3 min

“We’ve already turned it around,” Biden told CNN’s Erin Burnett in Racine, Wisconsin, where he was promoting new economic investments that could result in thousands of new jobs. Biden pointed to surveys showing many Americans view their own economic situation favorably, even as they look negatively on the nationwide economy. “The idea that we’re in a situation where things are so bad that folks – I mean, we’ve created more jobs. “Let me say it this way – when I started this administration, people were saying there’s going to be a collapse to the economy. But surveys have shown voters giving Biden little credit for the record.

Persons: Joe Biden, “ We’ve, ” Biden, CNN’s Erin Burnett, Biden, ”, we’ve, “, Donald Trump Organizations: Wisconsin CNN, Biden, White Locations: Racine, Wisconsin, Racine , Wisconsin, Taiwan

Learn moreAside from cushioned sneakers with adequate arch support, a well-fitting sports bra is arguably the most important item you can invest in when it comes to workout wear. Speaking from experience, the best sports bras for a large bust typically have a sturdy band, wider adjustable straps, and separated cups. With that in mind, the SheFit Ultimate Sports Bra comes out on top because it can accommodate any type of workout. Still, finding the right bra often depends on what type of physical activity you'll be engaging in. For more articles about finding the right fit with a larger chest, see our piece on the best swimsuits for large busts and the best bralettes for large busts.

Organizations: Business

☆ Opinion: Why Gérard Depardieu hasn’t been ‘canceled’
▼ + stars: | 2024-05-08 | by ( Opinion Caroline Séquin | ) edition.cnn.com time to read: +10 min

Accusers stepped forward in 2018, as the #MeToo movement was taking off. Victims of sexual violence, consequently, often say they feel less isolated than they used to. Join us on Twitter and FacebookThere is, perhaps, one way in which the detractors of the #MeToo movement have a point. All of them — colleagues, neighbors or blood relations — more often than not, are able to maintain their status and privilege of their professions, despite allegations of sexual violence. It remains unclear whether the French will at long last “cancel” Gérard Depardieu, even if one or both trials find him guilty of sexual violence.

Persons: Caroline Séquin, ”, Gérard Depardieu, Caroline Sequin, Depardieu, Jacques Chirac, “ Depardieu, —, Le Figaro, it’s, ” Depardieu, Emmanuel Macron, “ I’m, he’s, …, ” Macron, Carla Bruni, Nicolas Sarkozy, Harvey Weinstein’s, Sandra Muller, “, she’s, Le, Catherine Deneuve, men’s, that’s, MeToo, Camille Kouchner’s, ” Gérard Depardieu Organizations: Lafayette College, CNN, CNN —, Legion, Mediapart, France, Le Monde, French Interior Ministry, Twitter Locations: Easton , Pennsylvania, France, French, Colonial Senegal, CNN — France, United States, Familia Grande

☆ Apple investors get 2 new signs that the tech behemoth is taking AI more seriously
▼ + stars: | 2024-05-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

There's mounting evidence of how serious Apple is about artificial intelligence, Jim Cramer said Tuesday, pointing to a Wall Street Journal report about the tech giant developing AI data center chips. "This is the beginning of what I regard as the Apple offense on AI." He also reiterated his Apple stock mantra: "Own it, don't trade it." Following a 48% gain last year and an all-time just under $200 per share back in December, Apple shares fell on hard times. Jim suggested Tuesday that Apple investors will be rewarded for their patience once management fully unveils their forthcoming AI strategy.

Persons: Jim Cramer, Jim, Tim Cook Organizations: Wall, Apple, Data Centers, Taiwan Semiconductor Manufacturing, Big Tech, Developers Conference

☆ Will China's comeback stock rally last? Wall Street weighs in and shares stock picks
▼ + stars: | 2024-05-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

China stocks have staged such a strong rally after a protracted slump for the past few years that they're beating even the S & P 500 so far this year. The MSCI China index, which includes the mainland A-shares, Hong Kong-listed shares and U.S.-listed China names, has jumped around 9%, while the KraneShares CSI China Internet ETF is up around 13%. Most analysts said whether the rally can be sustained will largely depend on China policy. How to play China Though most were bullish on China stocks, they would be selective in stock-picking. They include: SPDR S & P China ETF iShares MSCI China A ETF Global X MSCI China Consumer Disc ETF iShares MSCI Hong Kong ETF — CNBC's Michael Bloom contributed to this report.

Persons: Bernstein, it's, —, Goldman Sachs, Kevin Liu, CICC, Nomura's, Goldman, Kweichow, Ping, Morningstar, Michael Bloom Organizations: U.S, CSI China, Investors, CICC Research, CNBC, BYD, SAIC, Changan Automobile, Energy, Anhui, Cement, JPMorgan, Kuaishou, Ping An Insurance, China Merchants Bank, Hong, China, iShares, China Consumer Locations: China, Hong Kong

☆ Near collapse of Earth’s magnetic field 591 million years ago may have allowed complex life to thrive
▼ + stars: | 2024-05-07 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

CNN —Earth’s magnetic field plays a key role in making our planet habitable. However, Earth’s magnetic field almost collapsed 591 million years ago, and this change, paradoxically, may have played a pivotal role in the blossoming of complex life, new research has found. The discovery of the sustained weakening of Earth’s magnetic field also helped resolve an enduring geological mystery about when Earth’s solid inner core formed. Shuhai Xiao/Virginia TechUncovering the magnetic field’s near collapseThe intensity of Earth’s magnetic field is known to fluctuate over time, and crystals preserved in rock contain tiny magnetic particles that lock in a record of the intensity of Earth’s magnetic field. The research on the intensity of Earth’s magnetic field suggests that the age of Earth’s inner core is on the younger end of that timescale, solidifying after 565 million years ago and allowing Earth’s magnetic shield to bounce back.

Persons: “, ”, John Tarduno, Xiao, Tarduno, Shuhai Xiao, ” Tarduno, Peter Driscoll, wasn’t, ” Driscoll Organizations: CNN, University of Rochester, Environment, Virginia Tech, Laboratory, Carnegie Institution for Science Locations: New York, South Australia, Virginia, Quebec, Brazil, South Africa, Washington ,, Newfoundland, Canada

☆ How I found support in my journey through grief
▼ + stars: | 2024-05-07 | by ( Emily Halnon | Personal Essay | ) edition.cnn.com time to read: +9 min

Editor’s note: Runner and writer Emily Halnon’s new book, “To the Gorge: Running, Grief, and Resilience & 460 Miles on the Pacific Crest Trail,” was released on May 7. CNN —When my mom died, I spent a lot of time trying to stuff away my grief. My mother felt the weight of cancer, but she insisted on continuing to live in her wholehearted way. I was worried the Pacific Crest Trail run would be too much. But as I kept training, I discovered that running was one of the best places to process my grief.

Persons: Emily Halnon’s, “, Miles, ”, I’d, didn’t, She’d, that’d, you’ll Organizations: CNN, Pegasus Locations: Eugene , Oregon, Oregon, Vermont, Eugene, Salt Lake City, Willamette, Griefville

☆ U.S. wins global leadership approval over China when a Democrat is president, Gallup analysis shows
▼ + stars: | 2024-05-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Saul Loeb | Afp | Getty ImagesMost countries prefer alignment with the U.S. over China when the White House is occupied by a Democrat, according to Gallup poll data going back to 2007. "Significantly more countries seem to prefer U.S. leadership over Chinese leadership, at least under Democratic administrations," Gallup said in its report released Monday, adding that a Republican executive comes with a "net approval disadvantage." According to Gallup, the "bounce-back" under the Biden administration suggests that the U.S.'s net approval advantage over China is resilient, especially when accounting for more strongly aligned groups. China's favorability peaked in 2007 as it emerged on the global stage, but increased familiarity with Beijing has not boosted its appeal, Gallup said. Meanwhile, U.S. leadership has enjoyed a general net approval rate under the Biden and Obama administrations, compared with net disapproval rates under the Trump and last two years of the Bush leadership, the report showed.

Persons: Xi Jinping, Joe Biden, Saul Loeb, Gallup, Trump, George Bush, Barack Obama, Biden, Obama, Bush Organizations: Afp, Getty, U.S, Democratic, Republican, Gallup, Biden, Trump, Pew Research Locations: Nusa Dua, Indonesian, Bali, China, Beijing, Trump

☆ I was a single parent in the 90s. It was hard to make adult connections, and sometimes I wish I had had social media.
▼ + stars: | 2024-05-05 | by ( Jill Robbins | ) www.businessinsider.com time to read: +5 min

Looking back, I think being a single mom was hard. However, I think today's solo parents have a more difficult time due to the pressures of social media. We adopted our boys in 2012 and 2013, and there was a Facebook mom group for everything. I sometimes wonder how my experience parenting my daughter in the 90s would have been made better or worse by the presence of social media. My experience with Facebook mom groups has taught me that they're mostly a place of judgment and one-upmanship.

Persons: I'm, else's, I've, Amelia Bedelia Organizations: Technology Locations: what's

☆ Apple just unveiled a $110 billion buyback plan. Here's why that doesn't make the stock a sure winner
▼ + stars: | 2024-05-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Shares of Apple surged 6% on Friday as investors cheered better-than-expected fiscal second-quarter results and the announcement of the biggest stock buyback program in U.S. corporate history. In theory, Apple's $110 billion stock buyback program should provide a boost to its share price. However, recent history shows that spending billions on share repurchases isn't guaranteed to make the stock a runaway winner. So they've been retiring these shares," Nathan said. AAPL YTD mountain Shares of Apple are still down year to date despite Friday's bounce.

Persons: Dan Nathan, they've, Nathan, hasn't, They've, Apple isn't Organizations: Apple, RiskReversal Advisors, CNBC, Big Tech, Nasdaq, Mobile

☆ Cramer's week ahead: Earnings from Disney, Uber and Warner Bros. Discovery
▼ + stars: | 2024-05-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber , Disney and Warner Bros. Since April's labor report was weaker than expected, he said investors can worry less about the Federal Reserve's next move. Monday brings earnings from Simon Property Group and Tyson Foods , the latter of which Cramer said he thinks could be a "bounce-back play." Wynn Resorts and Reddit also release earnings that day, and Cramer said he thinks both could put up solid numbers. Cramer will be paying attention to Uber's report on Wednesday, saying he wonders whether its earnings will be hurt by competition from Lyft .

Persons: CNBC's Jim Cramer, Cramer, Warren, Reddit, Airbnb, Robinhood Organizations: Disney, Warner Bros ., Federal, Berkshire Hathaway, American Express, Apple, Cola, Occidental Petroleum, Simon Property, Tyson Foods, Wynn Resorts, Lyft, Toyota, AMC Entertainment, Warner Bros, Discovery, National Basketball Association, Akamai Technologies, Federal Trade, Capri, Enbridge

☆ If you have these 3 habits, you're more resilient than most people, experts say
▼ + stars: | 2024-05-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The more mentally resilient you are, the more quickly you can recover from challenges or persist in the face of them, according to Wharton psychologist Adam Grant. Here are three habits that can help you become highly resilient, experts say:Tend and befriendIf your typical response to stress is to get away from it or shut down, you're not alone. But resilience is all about finding ways through life's stressors and learning from them, and creating social connections can help. "We all know about fight-or-flight — the stress response that can occur when we encounter a perceived threat," executive coach and author Jason Shen wrote for CNBC Make It in March. "But social scientists have uncovered a different and equally important stress response called 'tend-and-befriend,'" which involves seeking contact with others when you're facing a tough situation.

Persons: Adam Grant, Wharton, Jason Shen, Shen, Justin McDaniel —, McDaniel Organizations: Massachusetts Conference, Boston Convention Center, American Psychological Association, CNBC, Facebook, University, Pennsylvania Locations: Boston , Massachusetts

☆ Tesla tells the EV industry: fend for yourselves
▼ + stars: | 2024-05-02 | by ( Graham Rapier | ) www.businessinsider.com time to read: +4 min

Tesla has laid off most of its charging team, causing confusion about the future of its Supercharger network. Virtually all major automakers have adopted Tesla's charging techTesla has committed to doubling its network size in-party with public money. Advertisement"I got a bounce from every email address," said Andres Pinter, co-CEO of Bullet EV Charging Solutions, which has about a dozen ongoing projects underway for Tesla. The automakers Tesla partnered with can already access existing plugs, but the recent layoffs raise questions about the network's future growth. Perhaps that's not enough to offset the costs of rapidly building new Supercharger stations that will ultimately benefit other carmakers, as well as Tesla.

Persons: Tesla, —, Andres Pinter, he'd, Musk, Superchargers, Pinter, Elon Musk, it's, that's Organizations: Service, Ford, Motors, American, Tesla, Elon, Solutions, Department of Energy, EV

☆ Stock futures rise after Apple reports, traders look to April payrolls data: Live updates
▼ + stars: | 2024-05-02 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average gained 212 points, or 0.55%. S&P 500 futures rose nearly 0.3%, while Nasdaq 100 futures advanced about 0.5%. In extended trading, Apple advanced more than 6% after it announced a $110 billion share repurchase and a top -and bottom-line beat. The S&P 500 popped 0.91%, while the Dow gained 0.85%. The S&P 500 is off by 0.7% week to date, while the Nasdaq is down nearly 0.6%.

Persons: Cloudflare, Dow, Jerome Powell, Sonu Varghese, payrolls, Dow Jones Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Apple, Biotech Amgen, Dow, Carson Group Locations: New York City, U.S

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