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☆ European soccer round-up: Manchester United sinks to another humiliating defeat, Madrid derby marred by fan trouble
▼ + stars: | 2024-09-30 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

United fell to a third league defeat in six games on Sunday, losing 3-0 at home against Tottenham amid captain Bruno Fernandes’ red card. There were dramatic results across the Premier League this weekend, as well as a crowd-disrupted Madrid derby in La Liga and a novel way of protesting a refereeing decision by José Mourinho in Turkey. England’s Premier League: United’s woes persistThe pressure on United manager Erik ten Hag has grown after the club’s latest defeat against Tottenham, another humiliation in an underwhelming start to the season. It means that United is 12th in the Premier League table having also suffered a miserable 3-0 defeat at Old Trafford against Liverpool earlier this month. For me, it’s just not a really good decision.”Elsewhere in the Premier League, Liverpool capitalized on Manchester City’s 1-1 draw against Newcastle by moving top of the table after six games.

Persons: Bruno Fernandes ’, José Mourinho, Erik ten Hag, Brennan Johnson, Micky van de Ven, Fernandes ’, James Maddison, Dejan Kulusevski, Dominic Solanke, Hag, ”, Michael Regan, Getty, Fernandes, “, “ I’ve, I’ve, it’s, didn’t, Mohamed Salah, Arne Slot, James Justin’s, –, Gabriel Martinelli, Leandro Trossard, Mads Hermansen, Wilfred Ndidi, Kai Havertz, Cole Palmer, Militão, Vinícius, Ángel Correa, Marcos Llorente, Atleti, ” Atlético, Diego Simeone, Gonzalo Arroyo Moreno, Blancos, Carlo Ancelotti, We’re, Turkey’s, Jose Mourinho, Edin Dzeko’s, Mourinho, Dušan Tadić, Thalisson, Harry Kane, Kane, “ Kane, ” Aleksandar Pavlović's, Matthias Schrader, Christian Dreesen, Robert Andrich’s, Aleksandar Pavlović, Vincent Kompany’s Organizations: CNN, Manchester United, Tottenham, Premier League, La Liga, England’s Premier League, Spurs, Old, Liverpool, ” Tottenham, United, Sky Sports, Manchester, Newcastle, The Reds, Wolves, Nottingham Forest, Arsenal, Leicester City, Leicester, Chelsea, Liga, Real Madrid, Atlético, Atleti’s Metropolitano, “, Barcelona, Osasuna, Antalyaspor, Germany’s Bundesliga, Bayern Munich, team’s Champions League, Aston Villa, Wednesday, Bayer Leverkusen, Bayern, Leverkusen, Bundesliga Locations: Madrid, La, Turkey, Here’s, Old Trafford, togetherness, Spain, Atlético Madrid, Bayern’s, Bayern

☆ Elon Musk says the Trump assassination attempt is making him want to build a flying metal suit of armor
▼ + stars: | 2024-07-14 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +1 min

Former US President Donald Trump was shot at a rally in Pennsylvania on Saturday. Elon Musk said the incident had got him rethinking his own security protocols. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe shooting in Pennsylvania that left former President Donald Trump bleeding from the ear is making Elon Musk rethink his security protocols. "Maybe it's time to build that flying metal suit of armor," Musk replied.

Persons: Donald Trump, Elon Musk, Musk, — Organizations: Service, Elon Locations: Pennsylvania

☆ Mars gets hit by hundreds of basketball-size space rocks every year
▼ + stars: | 2024-06-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Hundreds of basketball-size space rocks slam into Mars each year, leaving behind impact craters and causing rumblings across the red planet, according to new research. During its time on Mars, InSight used its seismometer to detect more than 1,300 marsquakes, which take place when the Martian subsurface cracks due to pressure and heat. Meteoroids are space rocks that have broken away from larger rocky bodies and range in size from dust grains to small asteroids, according to NASA. “We’re interested in studying that on Mars because we can then compare and contrast what’s happening on Mars to what’s happening on the Earth. Between 280 and 360 meteoroids hit the red planet each year, and they form impact craters larger than 26 feet (8 meters) across, according to the study.

Persons: ”, Ingrid Daubar, ” Daubar, NASA’s, “ We’re, Géraldine Zenhäusern, ” Zenhäusern, Natalia Wojcicka Organizations: CNN, NASA, Reconnaissance, JPL, Caltech, University of Arizona, Brown University, NASA’s Mars, Nature Communications, Switzerland’s ETH Zürich, Imperial College London’s Locations: Mars, Switzerland’s

☆ OpenAI's latest model, GPT-4o, sounds a lot like a digital girlfriend. Some sex workers are rolling with it.
▼ + stars: | 2024-05-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. AdvertisementLinda, a phone sex operator, told Business Insider that artificial intelligence is being adopted by some in the sex work community, and she now regularly sees AI-generated images on profiles of fellow phone sex workers. "It's not for everyone, but, honestly, I think it's great — like you want a sex robot, guys — here ya go! " Representatives for OpenAI did not immediately respond to a request for comment from Business Insider.

Persons: —, Scarlett Johannson, Joaquin Pheonix —, OpenAI, Scott Woods, Sam Altman, Linda, Kaitlyn, Amouranth, Siragusa Organizations: Service, Business, Mars, BI, Polygon, The New York Post Locations: Berlin

Kam Ghaffarian, co-founder and chairman of Axiom Space Inc., speaks during an interview at the company's headquarters in Houston, Texas, U.S., on Friday, Jan. 14, 2022. IBX's Kam Ghaffarian wants to go even further: the stars. Ghaffarian has been instrumental in ushering in the new space economy, having co-founded and invested in a cadre of commercial space ventures. Unlike other high-profile billionaires building commercial space companies, Ghaffarian made his fortune through the space industry, and rather than focusing on access to space, he's leveraging those falling costs to build out infrastructure and business activities in space. Ghaffarian believes the space economy will be worth trillions of dollars — and sooner than many realize.

Persons: Kam Ghaffarian, Jeff Bezos, Richard Branson, Elon Musk, IBX's Kam Ghaffarian, CNBC's Morgan Brennan, Ghaffarian, Odysseus, he's, We've, Jeff, Bezos, we've, Morgan Brennan, it's Organizations: Space, International, Elon, Technologies, NASA, KBR, SpaceX Locations: Houston , Texas, U.S, Colorado Springs, Iran

☆ Ingenuity, the NASA Helicopter Flying Over Mars, Ends Its Mission
▼ + stars: | 2024-01-25 | by ( Kenneth Chang | ) www.nytimes.com time to read: +1 min

Ingenuity, the little Mars helicopter that could, can’t anymore. At least one rotor broke during the robotic flying machine’s most recent flight last week, NASA officials announced on Thursday. Ingenuity remains in contact with its companion, the Perseverance rover, which has been exploring a dried-up riverbed for signs of extinct Martian life. Ingenuity arrived on Mars in the undercarriage of the Perseverance rover in February 2021. “They can rely on what we’ve accomplished,” Theodore Tzanetos, the Ingenuity project manager, said in a news conference on Thursday evening.

Persons: ‘, ” Bill Nelson, ” Theodore Tzanetos, ” Organizations: NASA Locations: Mars

CAPE CANAVERAL, Fla. (AP) — NASA’s little Mars helicopter has flown its last flight. While it remains upright and in contact with flight controllers, its $85 million mission is officially over, officials said. Originally intended as a short-term tech demo, Ingenuity logged 72 flights over three years at Mars. Ingenuity hitched a ride on NASA’s Perseverance rover, landing on Mars in 2021. The helicopter ascended to 40 feet (12 meters) on its final flight last week, hovering for a few seconds before descending.

Persons: Bill Nelson Organizations: NASA, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla

ROCK RAPIDS, Iowa (AP) — Some of the most contested real estate for Iowa's Republican caucuses is a vast, wind-swept plain where hogs outnumber people by the millions. Ron DeSantis have invested in appealing to politically influential evangelicals, making the fight for northwest Iowa a microcosm of the race to win Monday's caucuses. DeSantis has spent long hours courting voters here, stopping Thursday in Rock Rapids, population 2,600, before heading to Le Mars, about four times larger. Texas Sen. Ted Cruz, with his social conservative brand, competed strongly for northwest Iowa in 2016 and edged Trump in the region on his way to a narrow caucus victory. Ambassador Nikki Haley, aiming for a surprise second-place finish in Iowa, has campaigned in northwest Iowa, but less often and to smaller audiences.

Persons: Donald Trump, Ron DeSantis, DeSantis, that's, he’s, ”, John Vermeer, “, ” Vermeer, Trump, Texas Sen, Ted Cruz, Pennsylvania Sen, Rick Santorum, Mike Huckabee’s, Nikki Haley, Vivek Ramaswamy, Randy Vande Berg, Roe, Wade, He's, Vande Berg, Republican underperformance, “ It's, There's, Heidi Kock Organizations: ROCK, Republican, telltale, Florida Gov, Trump, Reformed Church, Texas, Arkansas Gov, Sioux Center, U.N, Biotech, U.S, Supreme Locations: ROCK RAPIDS, Iowa, Rock Rapids, Le, Netherlands, Florida, Pennsylvania, Iowa's, Sioux, Sioux County, Monday's

SpaceX launched Starship and its Super Heavy booster toward space for the second time on Saturday. Sitting atop its stainless steel Super Heavy booster, Starship stands nearly 400 feet tall. If Starship did reach space on Saturday, it is the largest and most powerful launch system to ever do so. AdvertisementSpaceX's explosions aren't necessarily failure in Musk's eyesThe complete Starship-Super Heavy system first attempted to reach space in April. AdvertisementIt took seven months to make all those adjustments, regain regulatory approval for flight, and prepare to launch Starship a second time.

Persons: Elon Musk, —, Elon, John Insprucker, SPadre.com livestreams, Gene Blevins, Yusaku Maezawa, That's, it's Organizations: SpaceX, Super, NASA, Service, Elon Musk's, Reuters Locations: Boca Chica , Texas, of Mexico, SPadre.com

☆ Elon Musk just served a lesson in free advertisement for the Tesla Cybertruck
▼ + stars: | 2023-10-23 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Tesla CEO Elon Musk pulled up to the F1 race in Austin, Texas on Sunday in his company's new Cybertruck. A video showing Musk's arrival at the race venue racked up over 600,000 views. One X user, resharing a recording of Musk pulling up at the race venue, called the move "the best ad ever." "I mean we dug our own grave with Cybertruck," Musk said on the call. Representatives for Tesla and Musk did not respond to requests for comment from Insider, sent outside regular business hours.

Persons: Elon Musk, —, that's, Max Verstappen, Grimes, Musk, Tesla, Elon, Ed Kim, AutoPacific Organizations: Service, F1 United States, Tesla Locations: Austin , Texas

Republican presidential candidate Florida Governor Ron DeSantis speaks at the New Hampshire Republican Party's First in the Nation Leadership Summit in Nashua, New Hampshire, U.S., October 13, 2023. When Troy Scheuermann, a chiropractor in Van Buren County stood up to introduce DeSantis at a campaign stop in Keosauqua (pop. For farmer Lance Lillibridge of Benton County, Iowa, a personal touch from DeSantis, a politician not known for his warmth, is what secured his support. RURAL ROADSIn a recent three-day swing through Iowa, DeSantis traveled through Davis County (pop. The Trump campaign said it has identified 1,800 in-state volunteers to support the campaign, as well as 200 county chairs representing all 99 counties.

Persons: Ron DeSantis, Brian Snyder, Donald Trump, Trump, DeSantis, Nikki Haley, Mike Pence, Tim Scott, Troy Scheuermann, Scheuermann, “, ”, ” DeSantis, Van, Le Mars, Don Kass, Mike Van Otterloo, Van Otterloo, David Kochel, Jeb Bush, Mitt Romney, Kochel, Lance Lillibridge, Lillibridge, ” Lillibridge, Ted Cruz, Rick Santorum, Mike Huckabee, you’re, “ We’ve, Jessica Szymanski, Szymanski, James Oliphant, Gram Slattery, Nathan Layne, Ross Colvin, Claudia Parsons Organizations: Florida, New Hampshire Republican Party's, Nation Leadership Summit, REUTERS, Republican, Trump, Iowa, Ipsos, Iowa Republican, United Nations, Ukraine, PEOPLE Reuters, Reuters, Cream, Plymouth County, Supervisors, DeSantis, Iowa Corn Growers Association, Arkansas, “, PAC, White, Thomson Locations: Nashua , New Hampshire, U.S, , Iowa, Iowa, Florida, DeSantis, Van Buren County, Keosauqua, Van Buren, Le Mars , Iowa, Plymouth, Benton County , Iowa, China, Davis County, Buena Vista County

☆ 4 experts explain why Elon Musk's plan to colonize Mars is 'romanticized', not 'realistic', 'cosmic vandalism'
▼ + stars: | 2023-10-07 | by ( Maiya Focht | ) www.businessinsider.com time to read: +17 min

Four scientists told Insider his plan is bad for technical, scientific, and ethical reasons. Yes, experts agree we might want to settle other worlds, but Mars might not be our best bet, at least not now, four scientists told Insider. SpaceX's first priority is "establishing a cargo route to Mars," Musk told the Washington Post in 2016. From Mars, Musk told the IAC, people could go to the asteroid belts, the moons of Jupiter and Saturn, and the Kuiper belt. AdvertisementAdvertisementEssentially, terraforming Mars would involve melting its polar ice caps, which would release CO2 reserves.

Persons: Elon Musk, —, Ray Bradbury's, Arnold Schwarzenegger, Christopher Edwards, He's, Musk, Refugio Ruiz Musk's, they'd, he's, Edwards, PATRICK T, FALLON, there's, Bruce Jakosky, Jakosky, Andrew Coates, Coates, Mars, terraformed, Alexander Gerst, Rachael Seidler, Refugio Ruiz, Seidler, Jeff Bezos, Buzz Aldrin, Chris McKay, " Edwards, that's Organizations: Service, Northern Arizona University, SpaceX, Mars SpaceX, International Astronautical, Washington Post, IAC, Elon Musk, NASA, Getty, Mars, ESA, University College London's, Science, University of Florida, AP, JPL, Caltech, SETI, Center for Strategic, International Studies, NASA's Ames Research Center Locations: Texas, Mars

Oct 3 (Reuters) - BP Plc (BP.L) is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter. While it boosted its shareholder payout by 10% in second-quarter earnings in August, BP's net debt stood at $23.7 billion. BP has placed its stakes in U.S. Gulf of Mexico pipelines in a new company in which it will hold a 51% position and sell the rest, the sources said. The pipelines entity generates 12-month earnings before interest, tax, depreciation and amortization of around $200 million, the sources added. Among the pipelines in which BP holds stakes are the 161-mile Mars Oil Pipeline, the 89-mile Endymion Oil Pipeline and the 115-mile Cleopatra Gas Pipeline, according to its website.

Persons: Bernard Looney, Shariq Khan, David French, Ron Bousso, Cynthia Osterman Organizations: BP Plc, BP, Argos, Pipeline, Gas, Sixth Street Partners, Sixth, Bloomberg News, Thomson Locations: Gulf of Mexico, Gulf, Mexico, U.S . Gulf of Mexico, Bengaluru, New York, London

☆ Bill Gates thought Elon Musk became 'super mean' after finding out Gates shorted Tesla stock
▼ + stars: | 2023-09-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Musk shot down Gates' attempts to talk about giving to charity after Gates shorted Tesla stock. "He was super mean to me, but he's super mean to so many people, so you can't take it too personally," Gates said about Musk. Speaking about this incident to Isaacson, Gates told the writer he even apologized to Musk. "Once he heard I'd shorted the stock, he was super mean to me, but he's super mean to so many people, so you can't take it too personally," Gates told Isaacson. AdvertisementAdvertisementIn 2022 alone, Gates contributed $5 billion to the Bill and Melinda Gates Foundation, which was the largest single donation that year.

Persons: Gates, Walter Isaacson's, Elon, Bill Gates, Musk's Tesla, Walter Isaacson, Isaacson, Elon Musk, Musk, Tesla, I'd, —, Melinda Gates, Michael Bloomberg Organizations: CNBC, Service, Tesla, TED, Twitter, Melinda Gates Foundation Locations: Wall, Silicon, Gates

☆ Bruno Mars credits his success to this one skill—and it's not musical talent: 'It's become the most important thing for me'
▼ + stars: | 2023-08-13 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Bruno Mars has built his career on infectious pop melodies and perfecting one key skill: honesty. "Whatever you're doing just has to be honest — that's really become the most important thing for me in my career," Mars explains. "There's something beautiful about being young, naive and uneducated ... you're just free to fly," Mars says. As Mars has learned, success feels "a lot better" when it's something you genuinely want, and worked hard for. Check out:3 things you're getting wrong about success, according to a millennial CEO: It's not just about 'money, control and power'

Persons: Bruno Mars, Mars, Elvis, Adele, Alicia Keys, Seth Gold, Marc Gold, Robert Herzig, SelvaRey, Warren Buffett, It's Organizations: CNBC, Altria, Marlboro, TakeLessons Locations: Hawaii, Los Angeles, U.S, SelvaRey Rum, Los, Angeles

☆ Campbell to buy Rao's premium sauces maker Sovos for $2.33 bln
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File PhotoAug 7 (Reuters) - U.S. packaged food maker Campbell Soup (CPB.N) will buy Michael Angelo's and Rao's owner Sovos Brands (SOVO.O) for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages business with the maker of premium Italian sauces. Campbell will pay $23 per share for Sovos, a nearly 28% premium to the stock's last close. Sovos' shares were trading at $22.48 while Campbell slipped 1.2% to $44.58 in early trade. Last month, Unilever (ULVR.L) said it would buy frozen yogurt brand Yasso in North America while Mars Inc agreed to buy Kevin's Natural Foods. In May, Campbell Soup sold Emerald Nuts to Flagstone Foods for an undisclosed amount.

Persons: Brendan McDermid, Campbell, Michael Angelo's, beefing, Sovos, Campbell Soup, Arun Sundaram, Savyata Mishra, Savio D'Souza, Shweta Agarwal, Sriraj Organizations: REUTERS, Sovos Brands, Unilever, Mars Inc, Flagstone Foods, CFRA, Thomson Locations: New York City, U.S, North America, Canada, Bengaluru

☆ Elon Musk plans Tesla and Twitter collaborations with xAI, his new startup
▼ + stars: | 2023-07-14 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Tesla CEO Elon Musk said on Friday that he plans for his newest venture, the artificial intelligence startup xAI, to collaborate with the automaker both on the "silicon front" and on the "AI software front." Musk also said, during Friday's live audio session on Twitter Spaces, that xAI will use Twitter data for training the "maximally curious" artificial intelligence systems and products he hopes to build there. Musk did not specify whether and how much Twitter will charge xAI or his other companies for its data. A Tesla fan and promoter, Omar Qazi (known as Whole Mars Catalog on Twitter) asked Musk a few questions about how he plans for xAI to work with Tesla during the Spaces event.

Persons: Elon Musk, Musk, Twitter, Tesla, Omar Qazi, Walter Isaacson, Jonathan Vanian Organizations: Twitter, SpaceX, U.S . Securities, Exchange, Alpha, Nvidia, Optimus, Tesla Locations: Texas

☆ Fears of a US debt default are mounting as the deadline to lift the borrowing limit looms. Here's what Elon Musk, Paul Krugman and Jamie Dimon have warned.
▼ + stars: | 2023-05-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Fears of a US debt default are mounting as a deadline to raise the government's borrowing limit draws near. Investors anxiety over the risk of a US debt default is mounting rapidly as a months-long political deadlock over the government's borrowing limit continues. Here's what six prominent figures have said about the ongoing political standoff over the debt ceiling. "You might ask how we're supposed to enforce a debt ceiling if the government can play games with the definition of debt. He said he doesn't expect the US to experience a debt default, but the deadline to reach a deal is soon approaching.

☆ Elon Musk warns there's a growing risk of a US default as the deadline to raise the debt ceiling looms
▼ + stars: | 2023-05-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Elon Musk has warned that a US debt default appears "increasingly possible." Government officials are scrambling to reach a deal to raise the debt ceiling. Treasury Secretary Janet Yellen has cautioned the US could run out of money as early as June 1. Treasury Secretary Janet Yellen has repeatedly urged lawmakers to act on the debt limit – and warned that failing to raise the debt ceiling in time could result in a "catastrophe" for the US economy. "That is not how the US is going to behave, any more than they're going to let the debt ceiling cause the world to go into turmoil," he said.

Shares of SUV maker Fisker and truck maker Nikola Corp (NKLA.O), which reported early on Tuesday, fell 7% and 13%, respectively. Shares of Lucid, which makes luxury sedans, dropped 6% on Tuesday after its results late on Monday. Fisker lowered its annual production target to between 32,000 and 36,000 vehicles from its earlier target of 42,400 cars, blaming supply-chain issues and an "updated timing" for roadworthiness certification. The company, which started production of its Ocean SUV just in November and has $652.5 million in cash, also posted a larger-than-expected loss. For Nikola, cash burn came in at $240 million as it produced 63 vehicles.

☆ Elon Musk says he's 'dumb way more often than I'd like to be' in Twitter debate about his management style
▼ + stars: | 2023-04-08 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk reacted to Twitter users discussing his management style. That prompted one of the billionaire's fans to respond: "To think you're smarter than Elon Musk." In June last year, Musk told Tesla executives to come into the office and stop "phoning it in," or quit. At the time, Whole Mars Catalog asked Musk how he would respond to those who consider in-person work "antiquated." Twitter and Musk didn't immediately respond to requests for comment from Insider, made outside normal working hours.

☆ NASA spotted a rock formation on Mars that looks just like a giant bear face
▼ + stars: | 2023-01-26 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +2 min

The picture looks like a giant bear. NASA has spotted several other amusing rock formations on Mars over the years. The Mars Reconnaissance Orbiter, a satellite launched in 2005, has provided groundbreaking science on its mission. The most iconic example of pareidolia is the "Face on Mars," a picture snapped in 1976 by NASA's Viking 1 spacecraft. NASA's iconic "face on Mars" picture snapped by Viking-1 in 1976.

☆ Warren Buffett is likely to load up on cheap stocks as other investors panic in 2023, Elon Musk says
▼ + stars: | 2022-12-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett is likely go on a stock-buying spree in 2023, Tesla CEO Elon Musk says. Musk has flagged higher interest rates and a looming recession as headwinds for stocks. "If a company has very strong fundamentals, but then the market is doing some short-term panic situation, obviously that's the the right time to buy stock," Musk added. Still, Musk has quoted the investor on earnings calls, while Buffett has praised Tesla's unlikely success and hailed Musk as a "remarkable guy." Read more: David Rubenstein views Warren Buffett as the ultimate investor.

☆ Elon Musk says he sold Tesla stock to free up cash in case a 'worst-case scenario' strikes. Here's what he's so worried about.
▼ + stars: | 2022-12-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk sold Tesla stock this month to free up cash in case a "worst-case scenario" emerges. The Tesla CEO warned higher interest rates and a recession may hit Tesla's profits and stock price. At the same time, higher rates mean people get better returns from safe assets such as savings accounts and government bonds. As well as pointing to rates, Musk warned a severe recession would hammer sellers of big-ticket items bought on credit. Tesla stock has already plunged nearly 70% this year, as investors have fled growth stocks and swapped equities for safer assets.

☆ Nutella maker Ferrero scoops up owner of Blue Bunny ice creams
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

Wells, which was founded in 1913 as a dairy delivery wagon business, has become the world's largest family owned and managed ice cream company. "This represents a win-win partnership, bringing together ice cream experts and confectionery champions," Giovanni Ferrero said in a statement. "Together, we have the power of one and are well placed to grow and compete in the ice cream market," he added. Ferrero bought Spanish ice cream company ICFC in a two-stage deal in 2019 and 2021. The Wells' transaction, subject to customary closing conditions, is expected to close in early 2023.

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