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Two of the biggest Harry Potter fan communities, MuggleNet and The Leaky Cauldron, denounced Rowling’s views and severed ties with the author’s future projects. On Sept. 10, she posted the U.K. open casting call for the roles of Harry Potter, Hermione Granger and Ron Weasley to her 14.2 million followers on X. “Every time we sit down to have a fun conversation about Harry Potter, the conversation becomes angry and depressing, and so we end up not publishing,” she says. “There are so many fans who deeply disagree with what Rowling is saying, but still want to engage in the Harry Potter fandom.”Ironically, while Rowling’s actions have undermined many Potter fans’ dedication to her, they also appear to have strengthened those fans’ solidarity with each other. We can love and enjoy that without the author.”The question now is whether HBO can cast the same spell.
Persons: J.K, Rowling, Harry Potter ”, Daniel Radcliffe, Emma Watson, Rupert Grint, Eddie Redmayne —, Harry Potter, Francesca Gardiner, Mark Mylod, , Casey Bloys, Harry Potter —, “ J.K, Gardiner, Hermione Granger, Ron Weasley, , Potter, She’s, It’s, Melissa Anelli, “ Harry, “ It’s, Maggie Smith, Murray, Kat Miller, MuggleNet, Miller, Radcliffe, “ Potter, Ralph Fiennes, Helena Bonham Carter, Jim Broadbent, traumatised detransitioners, rebuking John Oliver —, Lumos, Trump, ” Miller, , Anelli, Tylor Starr, Starr Organizations: Warner Bros, Discovery, ” HBO, J.K, HBO, Potter Locations:
The Western tourists going to Iraq for vacation
  + stars: | 2024-11-21 | by ( Richard Collett | ) edition.cnn.com   time to read: +18 min
“It was peaceful, calm, and rather quiet,” Driskill told CNN Travel after visiting Iraq in 2024. “Every year we’re seeing more people come to Iraq than before,” he told CNN Travel. Newenham first visited in August 2021 and told CNN Travel that she never imagined Iraq becoming one of her favorite travel destinations. Anmar Khalil/AP“Visiting the [ninth-century] Great Mosque of Samarra is a must,” he told CNN Travel. For Sarah Sanbar, Iraq researcher at Human Rights Watch, tourism to the country is allowing visitors to see the real Iraq.
Persons: Tommy Driskill, , ” Driskill, Saddam Hussein’s, Iraq’s, Driskill, , “ I’m, I’ve, “ We’ve, ” Robert Kyle Molina, Molina, Ali Al Makhzomy, ” Al Makhzomy, Janet Newenham, Newenham, , ” Newenham, they’ve, Pope Francis, Al Makhzomy, Ur, Sergio Arce, Bil, Anmar Khalil, Imam Hussain, Abbas, Hussain ibn Ali, Prophet Mohammed, Arce, I’d, Jan Bakker, James Wilcox, we’ve, Travel’s Molina, Sarah Sanbar, Iraq —, ” Sergio Arce, Sanbar, , ’ Heck Organizations: CNN, CNN Travel, Tourism Capital, US Department of State, United, Foreign, Commonwealth, Development, Human Rights Watch, ISIS, Bil, US State Department, US, Federal Government, Baghdad International Airport, European, Kurdistan Regional Government Tourism Board, International, Federal, , Vatican Media, Reuters, Borders, Erbil Marathon, Sergio Arce Military Locations: Hawaii, Baghdad, Iraq, Iraqi Kurdistan, Babylon, Kurdistan, Iraqi, Karbala, European Union, Kurdistan Chronicle, Federal Iraq, Mosul, , Janet Newenham Iraq, Cork, Ireland, Baghdad . “ Iraq, Islam, ” Iraq, East, Palestine, Eden, Samarra, Al, Arba’een, Sweden, Iran, Kuwait, Pakistan, India, Erbil, Berlin’s, Today, birdwatch
Stop & Shop spokesperson Caroline Medeiros said that despite the limited number of products, Stop & Shop stores and pharmacies are still open and operating as the chain works to restock its shelves and anticipate item availability. “At my personal Stop & Shop, I noticed that there wasn’t a lot of chicken, ground turkey. A user showed pictures on a Facebook from a Stop & Shop in Pittsfield, Massachusetts with rows of empty shelves and wrote “Avoid Stop and Shop… their shelves are empty.” A user on TikTok posted a video with over 40 thousand views of the empty shelves in a Stop & Shop in South Boston. Many in the comments of both posts said they had been confronted with similar scenes at other Stop & Shop locations. “Stop & Shop is well stocked with turkeys and hams for the upcoming Thanksgiving holiday, along with staples like potatoes, gravy, and stuffing,” she said.
Persons: , Ahold Delhaize, Christy Phillips, Brown, Hannaford, Caroline Medeiros, Phillips, Medeiros, Nicole Cotton, Cotton, ” Cotton, Alan Liska, ” Liska, We’re Organizations: Shop, Hannaford, NBC News, , Companies, Colonial Pipeline Locations: Netherlands, USA, New York , Massachusetts, Connecticut, Maine, Vermont, New Hampshire, Massachusetts , Connecticut , New York, Rhode Island, Boston, Pittsfield , Massachusetts, South Boston, cryptocurrency, North America, Australia, U.S, Russia
Trump’s plans for his first day in officePresident-elect Donald Trump plans to waste little time when he begins his second term in office. But much of Trump’s Day One goals will likely focus on stopping illegal immigration, the centerpiece of his candidacy. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google should be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. These are some of the quirky items TikTok users have discovered during trips to their local HomeGoods stores.
Persons: Donald Trump, Laken Riley’s, Pope Francis, Joe Biden, Trump, won’t, Elon Musk, Vivek Ramaswamy, Matt Whitaker, Matt Gaetz, Dr, Mehmet Oz, Laken Riley, Jose Antonio Ibarra, Ibarra, Riley, Riley’s, Allyson Phillip, , , → Susan Smith, , Bryan Kohberger, Pope, Carlo Acutis, Francis Basilica, ” Pope Francis, he’ll, Acutis, Maurizio Cattelan’s “, Patrick Mahomes, Travis Kelce —, Milhouse Van Houten, Halyna Hutchins, Joel Souza, Jeff Greenberg, Daysia Tolentino, — Saba Organizations: Catholic, Biden, Trump, Security, Elon, Wall Street, NATO, Cabinet, Medicare, Services, North Carolina Republican, Democratic, U.S, University of Idaho, Google, Chrome The Department, Justice, Chrome, DOJ, Apple, Samsung, Android, Adolescents, Vatican News, FBI, Kansas City Chiefs, Indiana University, Hoosiers, NBC News, Staff, Universal, Getty, NBC, Target Locations: Russia, Ukraine, North, California, Venezuelan, St, Assisi, Italy
The suits were brought by the Fair Housing Center of Central Indiana, an advocacy group serving residents of 24 counties in the state. Federal prosecutors have also alleged that tenant screening checks can be discriminatory. Fair Housing Center of Central Indiana“I sent them my expungement records, but I kept getting denied,” Williams recalled in a phone interview. TransUnion settled the suit without admitting or denying the allegations and paid $15 million, the largest amount recovered in a tenant screening matter, the FTC said. “We want safe communities where people can contribute, can build their lives, and that’s what fair housing laws are here to do.”
Persons: Don Mullen, Goldman Sachs, , Amy Nelson, we’ve, Brady Ripperger, Ericka Fotsch, Blackstone, Tricon, Marckus Williams, Williams, ” Williams, TransUnion, Nelson, Organizations: Blackstone Group, New, Pretium Partners, Goldman, Fair Housing, of Central, ” Staff, of Central Indiana, Tricon, Blackstone, National Consumer Law Center, Progress, of, NBC News, Housing, of Central Indiana “, Federal Trade Commission, Consumer Financial, FTC, Indiana Locations: Indianapolis, California, New York City, of Central Indiana, Indiana, Eastern, of Missouri, Kinloch
The Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. In August, a federal judge ruled that Google holds a monopoly in the search market. Last month, the DOJ indicated it was considering a breakup of Google businesses, including potentially breaking up its Chrome, Play or Android divisions.
Persons: Sherman Organizations: Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android
OpenAI CEO Sam Altman was paid $76,001 last year
  + stars: | 2024-11-21 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +3 min
Its CEO, however, was paid a relatively modest five figures at OpenAI in 2023, filings show. OpenAI CEO Sam Altman was paid $76,001 in compensation in 2023 to lead what's now one of the most valuable startups in the world, the company's tax filings for the year showed. During a hearing before a senate judiciary subcommittee in May 2023, Altman said he gets "paid enough for health insurance" and that he receives no equity in OpenAI. Bloomberg estimated in March 2024 that the CEO is worth at least $2 billion, not including any stake he may have in OpenAI. Altman denied during an all-hands meeting with employees that there were plans for him to receive a "giant euqity stake," CNBC reported.
Persons: Sam Altman, what's, Altman, Ilya Sutskever, Chris Clark, Sutskever, Clark, OpenAI Organizations: Microsoft, Census Bureau, Social Security Administration, Bloomberg, CNBC Locations: OpenAI, San Francisco County
The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.
Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyundai unveils Ioniq 9 electric vehicle as company encroaches on Tesla's market shareCNBC's Phil LeBeau reports on the potential removal of a tax credit for electric vehicle buyers.
Persons: Phil LeBeau Organizations: Hyundai
To deliver with Blackwell, Nvidia must juggle performance expectations and complex supply chains. How next year plays out will significantly depend on the performance of Blackwell, its next-generation AI chip. The Santa Clara-based chip giant reminded everyone why it has grown more than 200% this year to become the world's most valuable company. AdvertisementNvidia must navigate complex supply chainsFirst, Blackwell is what Nvidia CFO Colette Kress called a "full-stack" system. There had been some recent suggestions that cooling issues were plaguing Blackwell, but Huang seemed to suggest they had been addressed.
Persons: Blackwell, Dan Ives, Jensen Huang, Colette Kress, Kress, Goldman Sachs, Toshiya Hari, Huang, I've, Hopper, Hamish Low, Low Organizations: Nvidia, Blackwell, Revenue, Hopper, SK Hynix, Blackwell's, AMD, Enders Analysis Locations: Santa Clara, Silicon Valley, Connecticut
Lux Capital VC reveals what she looks for in an AI company
  + stars: | 2024-11-21 | 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 EmailLux Capital VC reveals what she looks for in an AI companyCNBC's Arjun Kharpal asks Grace Isford, partner at Lux Capital, about Big Tech, open vs. closed-source applications and what's next in the world of AI.
Persons: CNBC's Arjun Kharpal, Grace Isford Organizations: Lux, Lux Capital, Big Tech
AdvertisementElon Musk's AI startup, xAI, has been valued at $50 billion, The Wall Street Journal reported. xAI's valuation has doubled since the spring, surpassing the $44 billion Musk paid for Twitter. Elon Musk's AI startup, xAI, has reportedly been valued at $50 billion — $6 billion more than what the billionaire paid to acquire Twitter, the social media platform now known as X. AdvertisementThe new valuation means xAI has surpassed the $44 billion Musk paid for Twitter back in October 2022. xAI previously raised a $6 billion Series B from A16z and Sequoia Capital at a $24 billion post-money valuation.
Persons: Andreessen Horowitz, Elon, xAI, Musk, Sam Altman, OpenAI Organizations: Elon, Street Journal, Twitter, Sequoia Capital, Fidelity, The, Equity Partners, Qatar Investment Authority, Microsoft Locations: A16z
Goldman Sachs downgrades XPeng to neutral from buy Goldman downgraded the China EV company mainly on valuation. Goldman Sachs reiterates Chevron as buy Goldman raised its price target on the stock to $170 per share from $167. Goldman Sachs initiates Merus Therapeutics as buy Goldman said the biotech company has "best-in-class" potential. Goldman Sachs reiterates Snowflake as buy The firm said it likes the company's "strong execution" following earnings on Wednesday. Goldman Sachs reiterates Salesforce as buy Goldman said it's sticking with shares of Salesforce.
Persons: Goldman Sachs, Morgan Stanley, Rosenblatt, William Blair downgrades Ulta, William Blair, XPeng, Goldman, Wells, Jake Paul, Mike Tyson, Dell, Snowflake, Tesla, TJX, Salesforce Organizations: Nvidia, UMB, Palo Alto Networks, Palo, China EV, GE, Bank of America, Netflix, Citi, Energy, Chevron, Barclays, Royal Bank of Canada, Merus Therapeutics, " Bank of America, JPMorgan, Networks, Palo Alto, TJX Companies Locations: Ulta, XPeng, Canada, Shanghai, Salesforce
Now that she's a CEO, she relies on her experience as a model when building a brand and pitching. My cofounder and I received a lot of pushback when we started Frich. It helps that I really understand our audience because I lived this: I was anxious about money as a teen model. You make your best money when you're really young, and no one teaches you what to do with that money at that age. When we first started Frich, we realized that money needs to be exciting and cool.
Persons: Katrin Kaurov, , Zers, it's, you've, Everyone's, I'm Organizations: Forbes, YouTube Locations: New York
Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Analysts polled by LSEG had called for earnings of 75 cents per share on $33.16 billion in revenue. Baidu — U.S. shares of the Chinese search engine fell about 5% after Baidu's third-quarter revenue declined by 3% compared to the year-ago period . BJ's Wholesale Club — Shares moved 9% higher after the warehouse club's third-quarter adjusted earnings beat the Street's estimates. The company said it will increase its membership fee and announced plans to repurchase $1 billion shares.
Persons: LSEG, Snowflake, Sridhar Ramaswamy, Merus, Goldman Sachs, — Stocks, Michael Novogratz, MicroStrategy, Miner Mara Holdings, BJ's, PDD, — CNBC's Sean Conlon, Yun Li, Michelle Fox Organizations: Nvidia —, Nvidia, Baidu, Department of Justice, Google, Chrome, Netflix, of America, , Galaxy Digital, Miner, BJ's Wholesale, PDD Holdings
The CEO also spoke with President-elect Donald Trump about the impact of his potential tariffs. Boeing's CEO Kelly Ortberg has a stern warning for his staff — stop squabbling and get to work. During the meeting, Ortberg also told staff not to "sit at the water cooler and bitch about people," per The WSJ's transcription of the recording. AdvertisementThe WSJ also reported that Ortberg has spoken with President-elect Donald Trump about the impact of potential tariffs on Boeing. Ortberg told staff that a potential trade war with China might impact the company's plane exports to Chinese airlines.
Persons: Kelly Ortberg, Ortberg, Donald Trump Organizations: Airbus, WSJ, Boeing, Business Insider, Trump, Seattle Times, Society of Professional Engineering Employees, Aerospace, . Aviation, Avia Solutions, Max Locations: Boeing's hourlong, China, Washington, Oregon
The sharp move higher puts the cloud-based data stock on pace for its best day ever. SNOW YTD mountain Snowflake stock headed for its best day ever on Thursday. Goldman analyst Kash Rangan reiterated a buy rating on Snowflake following its third-quarter results, and maintained his price target of $220 per share. JPMorgan, others bullish too JPMorgan Chase analyst Mark Murphy maintained an overweight rating on Snowflake stock, but increased his price target to $185 per share. The analyst reiterated his neutral rating on Snowflake stock but increased his price target to $185 per share from $160, equating to more than 43% upside moving forward.
Persons: Sridhar Ramaswamy, Goldman, Kash Rangan, Rangan, Mark Murphy, Murphy, Brad Sills, he's, Sills, Wells Fargo's Michael Turrin, Turrin Organizations: JPMorgan, Bank of America Locations: Snowflake
The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.
Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg
Snowflake posted adjusted earnings of 20 cents per share on revenue of $942 million. Analysts surveyed by LSEG were looking for 15 cents in earnings per share on revenue of $897 million. Nvidia – Shares of the chipmaker fell around 1% despite its third-quarter earnings results topping Wall Street's expectations . BJ's Wholesale Club – The stock popped nearly 8% after the warehouse club reported a third-quarter earnings beat and raised its full-year guidance. BJ's also announced a plan to repurchase $1 billion shares and said it will raise its membership fee.
Persons: Snowflake, LSEG, – Stocks, bitcoin, Coinbase, Mara Holdings, Baidu, BJ's, Goldman Sachs, , Sarah Min, Hakyung Kim, Michelle Fox Theobald Organizations: Palo Alto Networks, Nvidia –, , Baidu, BJ's Wholesale Locations: Palo
New York CNN —The Jeep Gladiator was unveiled to great fanfare by then-owner Fiat Chrysler in 2018, the first pickup model for the hot brand in more than a quarter of a century. Gladiator sales have fallen steadily from the 2020 peak as a result and are down another 21% so far this year. The company’s relentless focus on short-term profits for 2023 had devastating consequences for Stellantis, Farris wrote. A car hauler transporting Jeep Wranglers drives past striking United Auto Workers members outside the Stellantis Jeep Plant in Toledo, Ohio, during the 2023 strike. One of the two factories at that assembly complex is about to lose one of the two shifts that builds the Jeep Gladiator.
Persons: Stellantis, Dodge, , Jessica Caldwell, Edmunds, , Charlie Chesbrough, Kevin Farris, Carlos Tavares, Farris, Farris ’, Rebecca Cook, “ You’re, he’s, ” Farris Organizations: New, New York CNN, Fiat Chrysler, Fiat Chrysler’s, PSA Group, Gladiators, General Motors, Ford, Chrysler, Pacifica minivan, Toledo Assembly, Stellantis, Ford Motor, Cox Automotive, Dealers, Council, United Auto Workers, Jeep Wranglers, CNN, Challenger, Cherokee, Renegade Locations: New York, Toledo, Edmunds, Warren , Michigan, Stellantis, Toledo , Ohio
On Wednesday, DOJ officials in the antitrust division filed their proposal for remedies in the case. The DOJ wants Judge Mehta to force Google to sell its Chrome browser. Officials from the Department of Justice, in a Wednesday filing, urged District Judge Amit Mehta to force Google to sell its Chrome browser. AdvertisementMehta will consider the DOJ's proposal before he makes a final ruling regarding remedies in this case. "But if Google is able to control the company that buys Chrome, the impact of selling the business would be minimal.
Persons: Amit Mehta, Judge Mehta, Mehta, Lee, Anne Mulholland, Eric Chaffee, it's, Peter Cohan, Neil Chilson, Chilson, Joe Biden's, Donald Trump, Trump, Biden, Cohan, Chafee Organizations: Google, DOJ, Department of Justice, Apple, Business, Bloomberg, Case Western Reserve University, Babson College, FTC, Chrome, Case
These honorees showcase how AI-powered solutions married with Twilio can solve business challenges and revolutionize customer interactions across diverse industries and regions. AlpharunAlpharunAlpharun is an AI phone interview platform that accelerates screening for high-volume hiring teams by integrating Twilio's messaging, voice, IVR, and SIP Trunking. By integrating products like SMS, Voice, IVR, and 2FA, they ensure seamless, secure, multi-channel support that moves beyond static chatbots. Utilizing Twilio's SIP Trunking, IVR, and Voice APIs, their conversational AI encourages screenings. GoodCall boosts productivity and streamlines customer interactions, using Twilio's SMS, Voice, IVR, Email, and security tools to enhance multi-channel communication and reliability.
Persons: Twilio, Alice, Jordan, Alpharun, Althea, Althea Health Althea Health, Elythea, GAIL LULA, GAIL, Olivia, Storii, Symbl.ai Organizations: Trunking, Althea Health, Voice, Inc, Financial Services, meiti, GmbH, SMS, Insider Studios Locations: North America, America
BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app. Baidu has promoted its Ernie chatbot as a local alternative to OpenAI's ChatGPT, which isn't available in China. "AI Cloud continued to show healthy and sustainable development in the third quarter," he said in the earnings release.
Persons: Robin Li, Ernie, Baidu, Ernie chatbot, Li, Baidu hasn't, Rong Luo, Apollo Organizations: Baidu, CNBC Locations: BEIJING, U.S, Beijing, China
In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.
Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: , Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai
This is due to unprofitable EV investments, Chinese market losses, and more domestic competition. Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. AdvertisementBut despite that growth — and with EVs accounting for roughly 10% of US auto sales — companies not named Tesla have struggled to make their EV businesses profitable. German carmakers are losing out to Chinese EV upstarts like BYD. Analysts say inventory levels are improving at Stellantis and industry-wide as automakers react to a slower sales environment.
Persons: Ford, Josh Lefkowitz, EVs, That's, Tesla, Tim Levin, Daniel Pier, Stellantis, Price, Donald Trump Organizations: Ford, GM, Volkswagen Group, General Motors, Volkswagen, Silverado, Angeles Auto, EV, Cadillac, VW Group, Geely, VW, Competition Locations: Germany, Cadillac Lyriq, China, United States
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