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☆ Gold shines as geopolitical tensions offset easing U.S. rate-cut bets
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: +2 min

An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion's safe-haven appeal, overshadowing pressures from higher-for-longer U.S. interest rates. Spot gold was up 0.6% at $2,374.97 per ounce, as of 0429 GMT, after hitting an all-time high of $2,431.29 last Friday. Although, "U.S. interest rates remaining higher for a longer may be adding some pressure to the ongoing boost for gold ... Higher interest rates reduce the appeal of holding non-yielding bullion.

Persons: Kelvin Wong, Benjamin Netanyahu, Wong, Jerome Powell, Mario Centeno Organizations: Co, Asia Pacific Locations: Bangkok, Thailand, OANDA, Israel, Iran

☆ The top 15 companies for career growth if you work in the US, according to LinkedIn
▼ + stars: | 2024-04-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Read previewLinkedIn released its annual US list of the best big employers for career growth this week, and JPMorgan Chase & Co. ranked No. A few kinds of employers emerge among LinkedIn's top 15 large companies for US career growth including financial-services giants like JPMorgan and Wells Fargo, telecom companies AT&T and Verizon, and the Big Four accounting firms Deloitte and PwC. This story is available exclusively to Business Insider subscribers. "This year's honorees are proving that investment in the employee experience is vital in today's workplaces," the report said. "Our methodology uses LinkedIn data to rank companies based on eight pillars that have been shown to lead to career progression," the report said.

Persons: —, Wells, it's, Nick Bunker Organizations: Service, JPMorgan Chase &, JPMorgan, AT, Verizon, Big, Deloitte, PwC, Business, North America Locations: Wells Fargo

☆ Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
▼ + stars: | 2024-04-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018. Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most of these employees worked at the company's Buffalo factory and a handful at a store and service center in the area per the filing. Tesla took over the Buffalo factory after they completed a $2.6 billion acquisition of solar installer SolarCity in 2017. While Tesla said it would manufacture solar panels at the Buffalo factory, its efforts to grow its solar business have faltered through the years.

Persons: Tesla, Elon Musk, Lyndon, Peter Rive, Musk Organizations: Tesla Inc, Buffalo, SpaceX, Tesla, Reuters Locations: Buffalo , New York, U.S, New York, Buffalo

☆ Promise of Eli Lilly's weight-loss drug for sleep apnea adds another reason to own the stock
▼ + stars: | 2024-04-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Eli Lilly said it plans to ask U.S. regulators to expand Zepbound's label to include obstructive sleep apnea, or OSA, later this year. Shares of Eli Lilly have ridden the GLP-1 craze to new heights over the past few years. The current standard of care for obstructive sleep apnea is positive airway pressure, or PAP, machines, which help keep patients' airways open while they sleep. Analysts projected obstructive sleep apnea revenue of $3 billion. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.

Persons: Eli Lilly, Zepbound, it's, Mounjaro, Lilly, Jim Cramer, Jim, Eli Lilly YTD, Morgan Stanley, Jim Cramer's, Eli Lilly’s, Brendan Mcdermid Organizations: Novo Nordisk, GLP, OSA, Mayo, U.S, CNBC, Cleveland Clinic, National Council, Aging, Deutsche Bank, American Diabetes Association, Novo Nordisk's Ozempic, Bank of America Locations: U.S, Novo, New York City

☆ Here are 4 ways to approach the daily swings we're seeing lately in the stock market
▼ + stars: | 2024-04-16 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

There have been some sizeable swings in the stock market lately, both day-to-day and even during single trading sessions. But then around noon ET, the S & P 500 topped out and reversed lower. "Put simply: The S & P Oscillator is our most trusted indicator of how to act during big upswings or huge downdrafts in the market. You don't want to be sitting at your computer, staring at your screen when the major stock market benchmarks are getting knocked all around the place. And, if the flipside is true in an over-bought market, having the courage to trim when emotionally you're thinking let that baby run.

Persons: Jim Cramer, Friday's, …, Jim Cramer's, Jim, Michael M Organizations: Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, New York City

☆ Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
▼ + stars: | 2024-04-16 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion. Gold prices notched another record close Monday, with the most-active June contract for gold futures trading 0.37% higher to settle at $2,383 per ounce, and some say there's more room to run. "The recent gold rally has been aided by geopolitical heat and is coinciding with record equity index levels," Citi wrote in a note dated April 15. Market watchers are closely monitoring a potential retaliation by the Jewish state, which has vowed to "exact a price" from Iran.

Persons: Israel —, Bartosz, Conotoxia Organizations: Co, Citi, U.S . Locations: Bangkok, Thailand, East, Iran, Israel

☆ Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
▼ + stars: | 2024-04-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, D.C., on Dec. 13, 2023. Since July 2023, the Fed has kept its benchmark interest rate in a target range between 5.25%-5.5%, the highest in 23 years. Powell added that until inflation shows more progress, "We can maintain the current level of restriction for as long as needed." The comments follow inflation data through the first three months of 2024 that has been higher than expected. The benchmark 2-year note , which is especially sensitive to Fed rate moves, briefly topped 5%, while the benchmark 10-year yield rose 3 basis points.

Persons: Jerome Powell, Powell, hasn't Organizations: Federal, Committee, Federal Reserve, Washington , D.C, Fed, Treasury Locations: Washington ,, U.S, Canada

☆ Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers
▼ + stars: | 2024-04-15 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Peloton has quietly removed its unlimited free-membership tier on its fitness app less than a year after it debuted because the initiative was failing to convert users into paid subscribers, the company said. People who signed up for the company's unlimited free membership before it was removed will continue to have access to it, Peloton said. McCarthy, a former Netflix and Spotify executive, had long wanted a free tier on the company's app. Soon after, the unlimited free tier was no longer available. While app subscribers declined during Peloton's fiscal second quarter ended Dec. 31, Coddington said the company still "believe[s]" in its app strategy and it remains "an important part of the business."

Persons: Barry McCarthy, McCarthy, Morgan, Liz Coddington, Coddington, we'll Organizations: Netflix, Spotify Locations: Manhattan, New York City, U.S

☆ News organizations urge Biden and Trump to commit to presidential debates during the 2024 campaign
▼ + stars: | 2024-04-14 | by ( ) www.cnbc.com time to read: +4 min

Twelve news organizations on Sunday urged presumptive presidential nominees Joe Biden and Donald Trump to agree to debates, saying they were a "rich tradition" that have been part of every general election campaign since 1976. Asked on March 8 whether he would commit to a debate with Trump, Biden said, "it depends on his behavior." The Republican National Committee voted in 2022 to no longer participate in forums sponsored by the Commission on Presidential Debates. The Trump campaign has not indicated it would adhere to that, but did have some conditions. There was no immediate response from the Trump campaign.

Persons: Joe Biden, Donald Trump, Trump, Biden, Susie Wiles, Chris LaCivita, Abraham Lincoln, Stephen Douglas, Chris Wallace, it's, Crooked Joe Biden Organizations: Moody, Republican, NewsNation, Democratic, ABC, CBS, CNN, Fox, PBS, NBC, NPR, Associated Press, Trump, Republican National, Commission, Fox News, Univision, USA, Television Locations: Tuscaloosa , Alabama, Illinois, Pennsylvania

☆ Dollar firms, yen skids as Fed cut wagers crumble
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: +4 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Japan intervened in the currency market three times in 2022 as the yen slid toward what was then a 32-year low of 152 to the dollar. The Japanese central bank last month ended eight years of negative interest rates but yen has remained rooted near 151 per dollar levels since then. The euro was last at $1.0744, having dropped 1% on Wednesday ahead of the European Central Bank, or ECB, meeting later in the day. The Australian dollar was little changed at $0.651, while the New Zealand dollar eased 0.17% to $0.598.

Persons: Masato Kanda, Kyle Rodda, Rodda, Kazuo Ueda, Kevin Cummins, Sterling Organizations: Fed, Reuters, Bank of, Bank of Japan, Federal Reserve, U.S, NatWest, Treasury, European Central Bank, ECB, New Zealand Locations: Buenos Aires, Argentina, Tokyo, Japan, Bank of Japan, U.S

☆ Gold drifts higher as geopolitical tensions lift safe-haven appeal
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices climbed on Thursday, recouping losses from the previous session, as geopolitical tensions bolstered demand for the safe-haven metal. Spot gold was up 0.6% at $2,345.56 per ounce, as of 0317 GMT. Strong central bank buying, safe-haven inflows amid continued geopolitical risks, and demand from momentum-following funds have fueled bullion's 14% gain so far this year. Spot silver edged 0.2% higher to $28.03 per ounce, after hitting its highest levels since June 2021 on Wednesday.

Persons: Yeap Jun Rong, Jun Rong Organizations: Co Locations: Bangkok, Thailand, U.S

☆ Ohtani translator accused of stealing $16 million from Dodgers star
▼ + stars: | 2024-04-11 | by ( Jessica Golden | ) www.cnbc.com time to read: +5 min

Shohei Ohtani answers questions and Ippei Mizuhara translates during the Shohei Ohtani-Los Angeles Dodgers press conference at Dodger Stadium in Los Angeles on Dec. 14, 2023. Shohei Ohtani's former translator Ippei Mizuhara allegedly stole more than $16 million from the Los Angeles Dodgers star to cover millions of dollars of gambling debts, the U.S. attorney's office announced Thursday. Over that time, the attorney's office discovered that Mizuhara had full access to Ohtani's bank accounts. Phone records indicate he accessed them online and lied to the bank pretending to be Ohtani, the office said. Attorneys for Ohtani, Mizuhara and the Dodgers declined to give immediate comment on the charges.

Persons: Shohei, Ippei Mizuhara, Mizuhara, Ohtani, Martin Estrada, Estrada, I've Organizations: Los Angeles Dodgers, Dodger, Ohtani, Dodgers, DOJ, D.C, MLB, Los Angeles Angels, American League, Major League Locations: Los Angeles, U.S, Ohtani, Ohtani's, Southern California, Las Vegas, Washington, California

☆ Gold near record high as inflation risk lifts safe-haven appeal
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices held steady on Wednesday near a record peak hit in the previous session, as a favourable mix of emerging inflationary risks and ongoing geopolitical tensions underpinned the safe-haven metal. Spot gold was little changed at $2,351.94 per ounce, as of 0339 GMT, after hitting a record high of $2,365.09 on Tuesday. Strong central bank buying, safe-haven inflows amid elevated geopolitical risks, and demand from momentum-following funds have fuelled bullion's 14% gain so far this year. Spot silver was little changed at $28.15 per ounce, after hitting its highest levels since June 2021 on Tuesday.

Persons: Soni Kumari, ANZ Kumari Organizations: Co, ANZ, Federal, Fed Locations: Bangkok, Thailand, ., U.S

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Exxon, Coinbase, Cava, Alphabet, Amazon, Block & more
▼ + stars: | 2024-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Nvidia as buy Bank of America said it's sticking with the stock as a top pick. Mizuho reiterates Block as buy Mizuho raised its price target on the payment company to $106 per share from $99. Bank of America reiterates Coinbase as underperform. Bank of America reiterates Alphabet as buy Bank of America said "AI innovation [was] on display" at the company's Google Cloud Next event. " Deutsche Bank reiterates Amazon as buy Deutsche said the company is a top pick heading into earnings. "

Persons: Morgan Stanley, Piper Sandler, Tesla, Piper, Zillow, Jefferies, Mizuho, Goldman Sachs, Goldman, TD Cowen, Cowen, William Blair, Vital, Canaccord, Truist Organizations: NVIDIA, " Bank of America, Nvidia, Bank of America, Jefferies, Mizuho, SEC, Barclays, Google, Citi, Pharma, Chevron, Exxon, Vital, Argus, Motors, of America, Deutsche Bank, Amazon, Deutsche, E Corp, National, CN Locations: FCFS, Cava, CAVA, Albemarle, 1Q24, OW

☆ South Korea midterms: Opposition wins landslide parliamentary vote in resounding blow to Yoon
▼ + stars: | 2024-04-10 | by ( Heather Chen | Story Reuters | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —South Korea’s liberal opposition parties scored a landslide victory in a parliamentary election held on Wednesday, dealing a resounding blow to President Yoon Suk Yeol and his conservative party but likely falling just short of a super majority. A splinter liberal party considered allied with the DP was expected to take at least 10 seats, projections showed. It marked the highest ever turnout for a parliamentary election, though the numbers were down from the 2022 presidential vote that narrowly brought Yoon to power. Lee Jae-myung, leader of the Democratic Party, watches election results at his district office in Incheon, South Korea, on Thursday, April 11, 2024. “Given his likely lame duck status, the temptation for Yoon will be to focus on foreign policy where he will still have statutory power,” Richey said.

Persons: Yoon Suk Yeol, Yoon Suk, Lee Jae, myung, Lee, Yoon, ”, Kim Keon Hee, SeongJoon Cho, Mason Richey, “, ” Richey Organizations: South Korea CNN, South, Democratic Party, National Election Commission, Dior, People Power Party, Election Commission, NEC, Bloomberg, Getty, Hankuk University of Foreign Studies Locations: Seoul, South Korea, Incheon

☆ 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

☆ Gold hovers near record high with focus on U.S. data, Fed minutes
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +2 min

One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Spot gold was up 0.3% at $2,345.09 per ounce, as of 0621 GMT, after hitting a record high of $2,353.79 on Monday. The minutes of the Fed's March policy meeting and the U.S. Consumer Price Index, or CPI, data are due on Wednesday. "Inflation data this week poses a risk if the readings come out on the hotter side of the ledger. Spot silver rose 0.2% to $27.90 per ounce, after hitting its highest levels since June 2021 earlier in the session.

Persons: Tim Waterer, Waterer, Kelvin Wong Organizations: Co, Federal, KCM Trade, U.S . Consumer, Fed, Asia Pacific, OANDA Locations: Bangkok, Thailand, ., U.S

☆ Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
▼ + stars: | 2024-04-08 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase , said he was convinced that artificial intelligence will have a profound impact on society. In his annual letter to shareholders released Monday, Dimon chose AI as the first topic in his update of issues facing the biggest U.S. bank by assets — ahead of geopolitical risks, recent acquisitions and regulatory matters. But his focus on AI, first mentioned in Dimon's annual letter in 2017, stood out. Enthusiasm for AI has fueled the meteoric rise of chipmaker Nvidia and helped propel tech names to new heights.

Persons: Jamie Dimon, JPMorgan Chase, Dimon, OpenAI's ChatGPT Organizations: JPMorgan, Banking, Housing, Urban Affairs Committee, Wall Street Firms, Nvidia

☆ Amazon's two key businesses get bullish updates. No wonder its stock is at multiyear highs
▼ + stars: | 2024-04-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

While Microsoft Azure's reported 30% year-over-year revenue growth and Alphabet's Google Cloud posted 26% annual revenue growth during the same period, Amazon's results nevertheless indicated the softness in cloud spending is rolling over. Amazon said it expects accelerating AWS revenue trends to continue in 2024, which is good news for the stock. In a poll of more than 1,000 U.S. consumers about their expected spending, Amazon remains the preferred e-commerce destination "by a wide margin." Another encouraging finding in the Wedbush survey: Amazon Prime members said they are seeing "modest improvements" in their experiences, with 39% saying they received an order on the same or next day. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Microsoft Azure's, Adam Selipsky, Jim Cramer, —, Jim Cramer's, Jim, Alain Jocard Organizations: Mizuho Securities, Web, Enterprises, Microsoft, Google, AWS, Wedbush Securities, Walmart, Target, Amazon, CNBC, AFP, Getty Locations: Mizuho, Amazon's, U.S, Wedbush's

☆ Coinbase partner ClearBank posts first full-year of profit as revenue almost doubles
▼ + stars: | 2024-04-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023. ClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump in revenues. The firm swung to an £18.4 million ($23.3 million) pre-tax profit in the year ending Dec. 31, 2023, according to financial statements released Thursday. ClearBank's first profit comes on the back of a near doubling of its total income. ClearBank saw overall revenue jump 91% year over year in 2023 to £111.3 million.

Persons: Charles McManus, Coinbase, ClearBank, McManus, We've Organizations: ClearBank, Global Summit, London, CNBC Locations: British

☆ Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

To be sure, late payments don't always signal financial troubles. Creditsafe spokesperson Ragini Bhalla said payment data is only one factor the firm considers when assessing a company's financial health. Though the data "doesn't represent a company's total trading behavior, analysis has proven that it is hugely predictive of a company's financial health and creditworthiness," Bhalla said. "When the number of late payments increases like this, it's often indicative of financial challenges and poor cash flow forecasting," Creditsafe said. While Saks often made late payments last year, its on-time payments have dropped significantly since October 2023, the firm said.

Persons: Saul Loeb, Perry Mandarino, Mandarino, Creditsafe, Ragini Bhalla, Bhalla, Barry McCarthy, Simeon Siegel, Siegel, he's, Peloton's DPO, Marc Metrick, Metrick, Mark Still, Stewart Glendinning, Tim Baxter Organizations: Saks, Washington , D.C, AFP, Getty, Bed, RadioShack, CNBC, Retailers, Body, Body Works, Riley Securities, BMO Capital Markets, Business of Fashion, HBC, Express, Street, Creditsafe, Economic Security, IRS, New York Stock Exchange, Bath Locations: Washington ,, Express, Creditsafe, U.S

☆ China's internet is filled with well-wishes for earthquake-stricken Taiwan — and veiled references that the PLA can help
▼ + stars: | 2024-04-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Taiwan's 7.2-magnitude earthquake has drawn seemingly friendly messages on China's social media. But they're also indicative of China's ambitions for Taiwan, and what Chinese people think of the island. AdvertisementA 7.2-magnitude earthquake that hit Taiwan on Wednesday morning prompted a wave of concerned messages on mainland China's social media, diverting from the usual hostile rhetoric toward the self-governed island. Like many of China's social media platforms, Weibo is heavily censored and moderated. However, kinetic conflict is still widely viewed on social media as only one of several options for unification.

Persons: they're, —, Fabian Hamacher, Xi Jinping, Zhang Yongjin, Xi Organizations: Service, Wednesday, Reuters, REUTERS, Business, Taiwan, People's Liberation Army, PLA, Getty, Observers Locations: Taiwan, Hualien, New Taipei City, Weibo, Beijing, China, Shiyuan Township, Jishishan County, Gansu Province, Xinhua, Sichuan, Taipei

☆ Spotify jumps 8% on report it plans to raise prices
▼ + stars: | 2024-04-03 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Spotify stock closed up 8% on Wednesday after a Bloomberg report said the company will increase prices for its premium subscription service in several markets, including the U.S., for the second time in a year. The Swedish music-streaming company will hike prices in the U.S. later this year, Bloomberg reported Wednesday, citing people familiar with the matter. Spotify will raise monthly prices by the end of April by about $1 to $2 in five markets including the United Kingdom, Australia and Pakistan, according to Bloomberg. Spotify will also launch a new basic subscription tier for $11 per month, the same price as the premium plan currently costs, Bloomberg reported. Last year, the audio company raised prices by as much as $2 for its premium subscription in the United States and several other countries.

Organizations: New York Stock Exchange, Spotify, Bloomberg, Apple, YouTube Locations: New York City, U.S, Swedish, United Kingdom, Australia, Pakistan, United States

☆ Noted Tesla bear says Musk's EV maker could 'go bust' and stock is worth $14
▼ + stars: | 2024-04-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.

Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome

☆ Lou Conter, Last Survivor of the Battleship Arizona, Dies at 102
▼ + stars: | 2024-04-01 | by ( Richard Goldstein | ) www.nytimes.com time to read: +1 min

Lou Conter, the last known survivor of the battleship Arizona, which sank with the loss of 1,177 sailors and Marines in Japan’s sneak attack on Pearl Harbor, plunging the United States into World War II, died on Monday at his home in Grass Valley, Calif. “The ship was consumed in a giant fireball,” he wrote in his memoir, “The Lou Conter Story: From U.S.S. Arizona Survivor to Unsung American Hero” (2021), a collaboration with Annette C. Hull and Warren R. Hull. Mr. Conter, who was knocked forward but uninjured, tended to survivors, many of them blinded and badly burned. Only 93 of those who were aboard the ship at the time lived; 242 other crew members were ashore.

Persons: Lou Conter, Louann Daley, Conter, ”, Annette C, Warren R Organizations: Associated Press, U.S.S . Arizona Survivor, Unsung, Hull Locations: Arizona, Pearl, United States, Grass Valley, Calif, Honolulu , Hawaii, U.S.S .

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