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☆ Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
▼ + stars: | 2024-10-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. The new valuation from Fidelity implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion that Musk paid. Other investors could value X differently. Ives said that he believes Twitter was really worth around $30 billion when Musk bought it, and today it’s worth closer to $15 billion. “When Musk bought Twitter, investors didn’t realize we’d be taking off on AI as fast as we are,” Munster said.

Persons: Elon Musk, ” Dan Ives, Ives, Twitter, Musk, Kantar, White supremacists, dumbest, Similarweb, Gene Munster, doesn’t, ” Munster, Munster, Musk’s, didn’t, we’d, “ Organizations: New, New York CNN, Twitter, Fidelity, Growth, Musk, Wedbush Securities, CNN, Google, Deepwater Asset Management, xAI Locations: New York, United States, X.com

☆ The US economy teeters after it's hit by a triple threat: Middle East escalation, port closures, and Hurricane Helene
▼ + stars: | 2024-10-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

A dockworkers strike begins. Back in the States, a dockworkers strike could upend an economy finally on the mend. Tuesday morning marked the start of a dockworkers strike that will shutter dozens of US ports that handle about half of all US ocean imports. The Iranian attack was largely thwarted, and the dockworkers strike could be short-lived. That's thanks in part to strong demand in China.

Persons: —, JD Vance, Tim Walz, BI's Brent D, Griffiths, Amir Cohen, Hurricane Helene, it's, Tyler, Paul Podolsky, Kate Capital, Samantha Lee Musk, Jenny Chang, Rodriguez Hey Airbnb, Gen Z, somethings, Critics —, Amazon's, Nicholas Bloom, Eric Adams, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Midwest Nice, REUTERS, US Navy, Bank of America, Northwestern Energy, Bridgewater Associates, Samantha Lee Musk &, mojo, DOJ, Google, BI, Amazon, Stanford, New York City Locations: Israel, Iran, Saudi Arabia, States, Bridgewater, China, Yale, New York, London

☆ Japan still expected to stick to hiking cycle despite PM Ishiba's dovish turn
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Despite dovish comments from Japanese Prime Minister Shigeru Ishiba leading to a sharp plunge in the yen , market analysts aren't budging from their Bank of Japan policy expectations for the longer term. The yen slid to as weak as 147.15 against the U.S. dollar on Wednesday, after Ishiba told reporters that the current economic climate does not require an additional rate increase. The prime minister's comments marked a drastic change in tone compared with the messaging on his recent campaign trail. On Thursday morning, BOJ board member Asahi Noguchi said that the central bank should continue its accommodative monetary policy for the time being. He noted that it will take a while to change the public's perception that prices will not increase significantly in the future.

Persons: Shigeru Ishiba, aren't budging, Ishiba, Kazuo Ueda —, Abe Shinzo's, Stefan Angrick, Angrick, Asahi Noguchi Organizations: Bank of, U.S, Bank of Japan, Liberal Democratic Party, Moody's, CNBC Locations: Bank of Japan

☆ A millennial woman says there are benefits to returning to the office, but it hasn't made her more productive
▼ + stars: | 2024-10-02 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

Advertisement"I knew it was coming," Joy-Ann told BI. She told BI there's a lot to like about being back in a more traditional work environment, but it hasn't made her a more productive employee. Because she works in the office, Joy-Ann said it feels easier to step away from her desk. AdvertisementThat in-person connection can benefit people's careers, as Hannes Schwandt, an associate professor of Human Development and Social Policy, previously told BI. She hasn't seen a productivity boost — yetDespite the benefits, Joy-Ann told BI that working in the office has not made her more productive at her job — at least not yet.

Persons: Ann, —, Joy, hasn't, she's, Hannes Schwandt, Ann said, Ann doesn't, It's Organizations: Service, Amazon, JPMorgan, Apple, Disney, Human, Social Locations: New Jersey, New York City

OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.

Persons: —, Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates

☆ Reducto's AI tool turns PDFs and spreadsheets into data LLMs can use. We got an exclusive look at the pitch deck that landed the startup $8.4 million in seed funding.
▼ + stars: | 2024-10-02 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

Reducto raised $8.4 million in seed funding to develop AI for reading complex documents. AdvertisementLarge language models struggle to parse data in PDFs and spreadsheets, and one startup just raised a supersized seed funding round to build tech that can read these documents the way humans do. Reducto, which was founded in 2023 and a member of Y Combinator's winter 2024 batch, is announcing it raised $8.4 million in a seed funding round led by First Round Capital. One, Humata AI, raised $3.5 million from Google's Gradient Ventures a year ago, while OpenAI's ChatGPT Store showcases multiple AI PDF developers. AdvertisementCheck out the 13-slide pitch deck Reducto used to raise $8.4 million in seed funding.

Persons: Reducto, —, Y, Liquid2, Arash Ferdowsi, Andrew Ofstad, Kulveer Taggar, Zeus, JJ Fliegelman, Richard Aberman, Ralph Goottee, Tracy Young, Adit Abraham Organizations: Service, First Round, Big Tech

☆ Boris Johnson said Queen Elizabeth II had bone cancer. It's not unusual for royals to keep health troubles private.
▼ + stars: | 2024-10-02 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +7 min

Former Prime Minister Boris Johnson wrote in his memoir that Queen Elizabeth II had bone cancer. AdvertisementAfter Queen Elizabeth died on September 8, 2022, her official cause of death was listed as old age. Queen Elizabeth II's father died of lung cancer, which Harris said George himself may not have seen coming. "Both Queen Elizabeth II and Prince Philip always wanted the headlines to be focused on the work of the monarchy rather than their individual health conditions," Harris said. Queen Elizabeth and Prince Philip were both private about their health.

Persons: Boris Johnson, Queen Elizabeth II, King Charles III, —, Elizabeth, Johnson, Edward Young, wasn't, Gyles Brandreth, Buckingham, Carolyn Harris, King George VI's, Queen Elizabeth II's, Harris, George, Prince Philip, King George VI, Princess Elizabeth, Lisa Sheridan, Lisa, Kristen Meinzer, Queen Elizabeth, Tim Graham, Philip, Liz Truss, Meinzer, David Cameron, Charles, Kate Middleton, Princess, Wales, King Charles, Samir Hussein, King Charles III's, Prince of Wales, Jonathan Dimbleby, Kate, it's Organizations: Service, The Daily, Business, Getty Locations: Balmoral, Scotland

☆ China property stocks surge to highest levels in a year as stimulus rally continues
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

SHENZHEN, CHINA - MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images)Shares of most Hong Kong-listed Chinese property stocks surged to their highest levels in over a year, as China's stimulus rally continues. The real estate sector was the biggest gainer in the Hang Seng Index , with Longfor Group Holdings being the top mover, adding over 25%. The wider Hang Seng Index added 6%, while the Hang Seng Mainland Properties Index surged over 14%.

Persons: Zhong Zhi Organizations: Longfor Group Holdings, Shimao, Kaisa, China Overseas Land & Investment, Hang Lung Properties, China Resources Land, Mainland Properties, Golden Locations: SHENZHEN, CHINA, Shenzhen, China, Hong Kong

☆ Another setback for Elon Musk's SpaceX after mishap with NASA rescue mission
▼ + stars: | 2024-10-02 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

SpaceX launched its mission to rescue the two Starliner astronauts — but it didn't go entirely according to plan. The company's Falcon 9 rocket has been grounded after a booster landed in the wrong place. It's the third time in three months that the Falcon 9 has been grounded. AdvertisementSpaceX's workhorse rocket has been grounded for the third time in three months after malfunctioning during a mission to rescue two astronauts stuck in space. The rocket was also briefly grounded by the FAA in August after failing an attempt to land back on Earth.

Persons: —, Boeing's Starliner, Elon Musk, Musk, Butch Wilmore, Suni Williams Organizations: SpaceX, Service, Federal Aviation Administration, FAA, Elon, Boeing, NASA, Crew

Outside the Mellow Mushroom, there was a long line of people Tuesday waiting for something that has also been hard to come by — pizza. Gerry Mahon, who owns the popular pizzeria on Broadway Street, said he has given out $5,000 worth of pizza to his fellow storm survivors. "It’s good," a delighted Charity Padilla, of Asheville, said after she secured one of the precious pies. A long line of cars queued up Tuesday at a drive-thru water distribution center at Asheville Middle School. Koral Alexander, who lives near Pisgah National Forest outside Asheville, said she was in town watching a friend's dog when the storm hit.

Persons: Hurricane Helene, Gerry Mahon, Mahon, Helene, Charity Padilla, It’s, I’ve, ” Padilla, “, Alyse Goodman, Sean Morrison, ” Goodman, Goodman, Morrison, chow, Jeanisha Williams, Williams, We've, ” Williams, We’ve, Andrez Vives, Brianna Lee, Lee, Harris, it’s, Sala Menaya, Merritt, Menaya, Koral Alexander, Alexander, Minyvonne Burke, Corky Siemaszko Organizations: YMCA, Asheville Middle Locations: ASHEVILLE, N.C, Hurricane, Florida, North Carolina, Buncombe County, Asheville, Asheville's Hillcrest, Pisgah, Forest, New York City

☆ 5 things to watch for at the VP debate: From the Politics Desk
▼ + stars: | 2024-10-01 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

Programming note: Stay tuned for a special edition of the From the Politics Desk newsletter tonight, where we will be recapping and analyzing the Vance-Walz debate. 5 things to watch for at tonight’s VP debateSen. JD Vance of Ohio and Minnesota Gov. Walz has the longer debate record, but Minnesota is something of a backwater on the national political scene. How Vance and Walz’s poll numbers stack up to past VP nomineesBy Steve KornackiHeading into tonight’s vice presidential debate, JD Vance has an image problem. With tens of millions expected to watch tonight’s debate, Vance does have an opportunity to improve his standing — just as a shaky performance by Walz could erase the advantage he now enjoys over Vance.

Persons: JD Vance, Tim Walz's, Vance, Walz, Sen, Tim Walz, Garrett Haake, Will Vance, Donald Trump, Kamala Harris, hasn’t, Harris, who’ve, Vance —, Henry J, Gomez, Peter Nicholas, Harris ’, Emma Barnett, Gen, Raquel Coronell Uribe, Joe Biden, Trump, Biden, Steve Kornacki, James Stockdale, Ross Perot’s, Dan Quayle, George H.W, Bush, Lloyd Bentsen, Quayle, Michael Dukakis, Dan De Luce, Carol E, Lee, Courtney Kube, Monica Alba, Abigail Williams, Israel, Read, Rea, arter Organizations: NBC, White House, Capitol, CBS News, Minnesota Gov, Trump, Democratic, GOP, Quayle Republican, Bentsen Democratic, Biden White, Israel —, Washington Locations: Ohio, New York City, Minnesota, American, Israel, Iran, Tehran, United States, Syria —, U.S

☆ After Iran's attack on Israel, the Biden White House is desperately trying to avert a wider war in the Mideast
▼ + stars: | 2024-10-01 | by ( Dan De Luce | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +3 min

The Biden administration’s monthslong effort to avert a full-blown war between Israel and Iran is now being put to the most difficult test yet after Tehran on Tuesday launched a barrage of ballistic missiles at Israel. The administration has worked around the clock for the past year trying to avoid a direct clash between its ally Israel and Iran. But now, administration officials are facing a potential worst-case scenario, as the latest attack by Iran will inevitably trigger a retaliation by the Israeli military. This time, regardless of whether the Iranian attack is effective, Israel will be eager to strike back, former U.S. and Israeli officials said. Defense Secretary Lloyd Austin spoke with his Israeli counterpart earlier Tuesday to discuss Iran’s preparations for an attack on Israel, officials said.

Persons: Israel, Antony Blinken, Blinken, Biden, Joe Biden, Lloyd Austin Organizations: Biden, Tuesday, Israel —, Washington, Israeli, U.S . Navy, Aegis, Pentagon, Defense Locations: Israel, Iran, Tehran, United States, Syria —, U.S, Lebanon, Gaza, The U.S

☆ Port Workers Go on Strike
▼ + stars: | 2024-10-01 | by ( Eric Lee | ) www.nytimes.com time to read: 1 min

!” “You’re making history here because we’re doing one thing. We are fighting for our families and we are fighting for the rights so that we have a right to get a piece of that money that they got so much of. We’re going to walk away with a great contract. !” “All the way!” “I.L.A. !” “All the way!”

Persons: “

☆ South Korean police officers jailed over ‘man-made’ Halloween crowd crush
▼ + stars: | 2024-10-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SEOUL, South Korea — A South Korean court on Monday sentenced the former police chief of a district of Seoul to three years in prison for a botched response to a deadly Halloween crowd crush in the capital’s Itaewon nightlife district in 2022. Yongsan police station chief Lee Im-jae is the first senior police official to be convicted over the crush, which led to 159 deaths nearly two years ago. The court said the crowd crush was a “man-made disaster” that could have either been prevented or the impact substantially reduced if the accused had fulfilled their duties. Park Hee-young, the Yongsan district office chief, along with three other district officials were found not guilty of failing to adequately respond to the crush. Earlier this year, parliament passed a bill backed by the ruling and opposition parties to launch a fresh investigation into the Halloween crush.

Persons: Lee Im, jae, Lee, Lee’s, Hee, Lee Sang, Prosecutors Locations: SEOUL, South Korea, Seoul, Yongsan

Israel has launched a ground operation southern Lebanon targeting Hezbollah. Israeli officials said there would be “no long-term occupation” of Lebanon but declined to provide a timeline. Here’s what you need to know:• Mass casualties: At least 95 people were killed in Israeli strikes yesterday, adding to a death toll of more than 1,000 since last Monday. • UN opposes ground incursion: “We all know the devastation that an all-out war, a ground war in Lebanon would bring to the people of Israel and the people of Lebanon,” the UN chief’s spokesperson said Monday. • Strikes on Damascus: An Israeli strike has killed a well-know television anchor and two others, state news agency SANA reported.

Persons: •, Joe Biden, SANA Organizations: Lebanese, CNN, UN, UN chief’s, Pentagon, •, Hamas Locations: Israel, Lebanon, • Israel, Damascus, Syria, Germany, •, Gaza, Yemen

☆ Tesla Q3 deliveries preview: Wall Street expects a beat as Musk & Co. get their 'mojo' back
▼ + stars: | 2024-10-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Tesla's third-quarter vehicle deliveries are expected to exceed Wall Street estimates. AdvertisementTesla's upcoming third-quarter vehicle deliveries report should impress investors, according to Wall Street experts. Tesla stock has been on a wild ride this year. AdvertisementBarclays: 'Concerns on fundamentals have dissipated'Barclays analyst Dan Levy is expecting Tesla to report solid vehicle deliveries later this week, according to a recent note. Levy said that thanks to expected strength in Tesla's China business, the company will announce third-quarter vehicle deliveries of 470,000, ahead of Wall Street estimates.

Persons: —, Goldman Sachs, Tesla, Dan Levy, Levy, Mark Delaney, Delaney, Dan Ives, Ives Organizations: Barclays, Service Locations: China, flattish, Europe

CNN —The White House on Tuesday said the US believes Iran is preparing an imminent ballistic missile attack against Israel. “The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel. A direct military attack from Iran against Israel will carry severe consequences for Iran,” a senior White House official said in a statement. In that attack, Iran launched a wave of drones and missiles towards Israel – the vast majority were successfully intercepted. “As of this moment, Israel does not perceive imminent threat from Iran,” Israel Defense Forces spokesperson Daniel Hagari said.

Persons: “, ”, Daniel Hagari, Hagari, ” Hagari, Benjamin Netanyahu, Netanyahu, Israel, ” Netanyahu, Antony Blinken, ” Blinken, Blinken Organizations: CNN, Israel, White House, Israel Defense Forces, Monday, Israeli, ”, Moroccan Locations: Iran, United States, Israel, Lebanon, States

☆ Israel's airstrikes and incursion against Hezbollah show limits in Biden's ability to influence Netanyahu, foreign policy experts say
▼ + stars: | 2024-10-01 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Israel launched a "limited" ground offensive in Lebanon after killing a top Hezbollah leader in airstrikes. Foreign policy experts said Israeli Prime Minister Benjamin Netanyahu and the US don't see each other as reliable partners. The ground offensive came after a series of airstrikes on September 27 that killed Hezbollah's longtime chief, Hassan Nasrallah, a major victory for Israeli Prime Minister Benjamin Netanyahu. AdvertisementHe added that the prime minister may also consider the US an unreliable partner. AdvertisementRepresentatives for the State Department and the Israeli prime minister's office did not respond to requests for comment from Business Insider.

Persons: Israel, Benjamin Netanyahu, —, Hezbollah's, Hassan Nasrallah, Netanyahu, Israel's, Chuck Freilich, Barack Obama's, Benjamin Radd, Joe Biden's, Radd, Donald Trump, Biden weren't, Sean McFate, Bibi, McFate, Nasrallah, Biden Organizations: Service, Israel Defense Forces, Israeli, Hamas, Columbia University, UCLA Center for Middle East Development, Syracuse University, Reuters, State Department, Business Locations: Lebanon, Iran, Israel, Gaza, America, Rafah

☆ Mark Zuckerberg says he wants to be remembered for this
▼ + stars: | 2024-10-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Meta founder Mark Zuckerberg knows how he wants to be remembered. Zuckerberg hopes Meta will be a "technology" company decades from now — not just an "app company." Zuckerberg wants people to say Meta took "really big swings" that changed the industry and the world. Right, we're not like — we're not an app company," Zuckerberg said of Meta. Zuckerberg said as well that he just wants Meta to be a company that "builds awesome things."

Persons: Mark Zuckerberg, Zuckerberg, Meta, —, Tiffany Janzen, we're, hasn't, Steve Jobs, Jobs, Elon Musk, Musk Organizations: Service, Meta, Business Insider, Harvard, Facebook, Apple, IDC, SpaceX Locations: WhatsApp, Silicon

☆ NFL Week 4 Monday: Lions QB Jared Goff makes history in Detroit victory over Seahawks, Titans get 1st win
▼ + stars: | 2024-10-01 | by ( Ben Morse | ) edition.cnn.com time to read: +16 min

Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Jay Biggerstaff/USA Today Sports/Reuters Fans enter Arrowhead Stadium in Kansas City, Missouri, ahead of the game between the Kansas City Chiefs and the Baltimore Ravens on September 5.

Persons: Monday’s, Jared Goff, Jameson Williams, Goff, ESPN’s Lisa Salters, Goff didn’t, hadn’t, ” Goff, “, Nic Antaya, Ra St, Brown, Dan Campbell, Williams, ” Campbell, Geno Smith, Smith, Kenneth Walker III, Aidan Hutchinson, Seattle’s, Mike Macdonald, we’re, ” Macdonald, we’ve, Will Levis, Levis, Bill Callahan, Mason Rudolph stewarding, Callahan, he’s, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Grant Halverson, Eric Murray, Trevor Lawrence, Eric Gay, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, ” Callahan, ” Levis, Rudolph, Nick Folk, Tony Pollard, Tyjae Spears, Tyler Huntley, Miami’s, Jacksonville Jaguars –, Jason Sanders Organizations: CNN, NFL, Detroit Lions, Seattle Seahawks, Seahawks, Lions, Ford, Seattle, Detroit, Titans, Miami Dolphins, Tennessee, Washington, Arizona Cardinals, Getty Images Denver Broncos, New York Jets, Broncos, AP Carolina Panthers, Cincinnati Bengals, Bengals, Panthers, Getty Images Houston Texans, Jacksonville, Texans, AP San Francisco 49ers, 49ers, New England Patriots, AP New York Giants, Dallas Cowboys, Giants, Cowboys, USA, Sports, Reuters, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cleveland Browns, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Bears, Patriots, New York Giants, AP Buffalo Bills, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, Dolphins, Miami, Miami Dolphins Seattle Seahawks Locations: Detroit, Tennessee, Glendale , Arizona, East Rutherford , New Jersey, Charlotte , North Carolina, Houston, Santa Clara , California, Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America

☆ 3 of China's Tesla rivals had a record month, putting pressure on Elon Musk
▼ + stars: | 2024-10-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Chinese Tesla rivals Zeekr, Xpeng, and Li Auto announced record monthly deliveries this week. That puts pressure on Tesla, which is also expected to announce strong numbers on Wednesday. Elon Musk's automaker is facing fierce competition in China, with rivals rolling out their own cheap EVs. Advertisement3 of Tesla's Chinese EV rivals have had a very good month — and they've thrown down a gauntlet for Elon Musk. Chinese EV makers Li Auto, Zeekr, and Xpeng all announced record September deliveries this week, putting pressure on Tesla as it prepares to release its own numbers on Wednesday.

Persons: Zeekr, Elon, —, Elon Musk, Li Auto, Xpeng, Tesla, Li, catchup Organizations: Li Auto, Elon Musk's, Service, EV, Li, Wall Street, London Stock Exchange, Reuters Locations: China

☆ Watch Tuesday's full episode of Fast Money — October 1, 2024
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of Fast Money — October 1, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ Tesla set to report Q3 deliveries ahead of robotaxi event
▼ + stars: | 2024-10-01 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

Analysts are expecting Elon Musk's automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. Tesla reported deliveries of 435,059 and production of 430,488 vehicles for the same period a year ago, before it was selling the Cybertruck. More recently, Tesla reported deliveries of 443,956 and production of 410,831 vehicles for the second quarter of 2024. Goldman Sachs last week said it expects Tesla deliveries and production "to come in-line with consensus, largely driven by the strength in the China market." Tesla brand erosionSome customer interest in buying Tesla vehicles has been chilled by the brand's strong association with Musk.

Persons: Elon Musk, Tesla, Elon, FactSet StreetAccount, Wells, Goldman Sachs, tacking, Musk —, —, he's, Donald Trump, Musk, Mike DeWine Organizations: Trump, Tesla's, EVs, Warner Bros, Baidu, SpaceX, Associated Press, CNN, NBC News, The New York Times, Twitter, The Washington Post, Springfield Police Division, Ohio Gov, Pew Research Locations: Manhattan , New York, U.S, China, Los Angeles, Springfield , Ohio

☆ Lee: The market will brace for a huge supply shock.
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLee: The market will brace for a huge supply shock. William Lee, Chief Economist at Milken Institute, estimates that the ongoing port strike could cost the U.S. economy $4 billion daily, significantly impacting sectors like chemicals and pharmaceuticals.

Persons: Lee, William Lee Organizations: Milken Institute

☆ The AI boom turned Nvidia into a trillion-dollar giant. Its next big bet is even more complex.
▼ + stars: | 2024-10-01 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +11 min

In addition to the Computex display, humanoid robots have come up on Nvidia's last two earnings calls. The first is self-driving cars and the second is likely to be humanoid robots. Project Groot, which the company refers to as a "moonshot" initiative, is a foundation model for humanoid robots. AdvertisementIt feels like every player aiming for humanoid robots is in it for themselves, Kapoor said. Simulators are an essential stop on the path to humanoid robots, but they don't necessarily lead to human-like perception.

Persons: Jensen, —, Jensen Huang, gesturing, Elon Musk, Huang, Raul Martynek, Databank, Isaac, Tesla, That's, Sophia Velastegui, who's, William, Omniverse, Ashish Kapoor, Kapoor, Jonathan Stephens, Martynek, Velastegui Organizations: Service, Nvidia, Apple, Google, Microsoft, BMW, Boston Dynamics, BYD Electronics, Siemens, sunsetted, Foundations, Grid, Scaled Foundations, Star Locations: Taipei, Taiwan, Computex

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