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☆ I quit my tech job due to burnout and left London. Moving to Lisbon cured my loneliness and restored my work-life balance.
▼ + stars: | 2024-10-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

He moved to Lisbon in 2023 and started a new company focused on building community. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThis as-told-to essay is based on a transcribed conversation with Charlie Baron, 30-year-old founder in Lisbon, Portugal, about moving from London. When I moved to Lisbon, I was burned out and lonely from working from home for a tech startup I'd co-founded. Getting investment and finding tech talent in London might have been easier, and it would have been faster to set up a business in London.

Persons: Charlie Baron, —, I'd, Tesla, ChargedUp, paddleboarding, He'd, We'd, would've, didn't Organizations: Baron, Service, Loughborough University, Social Locations: London, Lisbon, Portugal, VCs, California, Spain, France, Europe, Rent

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Spotify Walmart, Nio, Broadcom Roblox & more
▼ + stars: | 2024-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley initiates FrontView REIT as overweight Morgan Stanley said the commercial real estate investment trust company is well positioned. " Morgan Stanley downgrades Global Foundries to equal weight from overweight Morgan Stanley said it sees rising competition for the semis company. " Morgan Stanley upgrades Nutanix to overweight from equal weight Morgan Stanley said the cloud computing software company is well positioned. " Morgan Stanley downgrades Ciena to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward for the networking and systems software company. Wedbush adds Roblox to the best ideas list The firm said it sees robust revenue growth ahead.

Persons: Cantor Fitzgerald, Morgan Stanley, FrontView, Baird, AAON, Canaccord, Tesla, Jefferies, NTNX, Wells, Raymond James downgrades, Wolfe, DOV, Morgan Stanley downgrades Ciena, Piper Sandler, Bowlero, Piper, Goldman Sachs, Goldman, it's bullish, Marcellus, Bernstein, SARO, Stifel downgrades, Oppenheimer, Monness Crespi Hardt, Coinbase, Stifel, it's Organizations: Nvidia, Broadcom, MU, JPMorgan, Apple, Dell, Cisco, Spotify, Honeywell, Walmart, " Bank of America, Antero Resources, Bank of America, Macquarie, China EV, Stifel downgrades Colgate, Palmolive, Colgate, Commerce, ~$ Locations: AVGO, 1H25, Dover, Appalachia, Utica, West Virginia

☆ Elon Musk says at a New York Trump rally that he could save the country $2 trillion through a department of efficiency
▼ + stars: | 2024-10-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Elon Musk on Sunday briefly spoke at a campaign rally for Donald Trump in New York. In his speech, Musk said he'd save the US $2 trillion through a department of government efficiency. Musk and Trump have both suggested that Musk could be a member of Trump's cabinet if he's reelected. "I think we can do at least $2 trillion," Musk replied, receiving cheers from the crowd. Musk and representatives for the Trump campaign did not immediately respond to a request for comment from Business Insider.

Persons: Elon Musk, Donald Trump, Musk, he's, —, Elon, Tesla, he'd, Howard Lutnick, Cantor Fitzgerald, Lutnick, Harris, Trump Organizations: Trump, Service, SpaceX, Biden, Department of Government Efficiency, Business Locations: New York, United States, United States of America, Trump's

☆ Tesla doesn't need a low-end vehicle to continue to grow, says Oppenheimer's Colin Rusch
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla doesn't need a low-end vehicle to continue to grow, says Oppenheimer's Colin RuschColin Rusch, Oppenheimer senior research analyst, joins 'Squawk Box' to discuss Tesla's quarterly results and post earnings surge, what's next for the EV maker, Tesla's autonomous driving ambitions, competition from China, and more.

Persons: Colin Rusch Colin Rusch, Oppenheimer Locations: China

☆ Canaccord raises its price target on Tesla, says post-earnings rally will continue
▼ + stars: | 2024-10-28 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

A few catalysts have set Tesla up for more outperformance in the coming months, according to Canaccord Genuity. Analyst George Gianarikas, who has a buy rating on the electric vehicle maker, hiked his price target by $20 to $298. "Tesla's stock underperformed since the beginning of 2022 as [profit and loss] trends deteriorated," he continued. "Longer term, Tesla also has a generational set of growth opportunities ahead, including EVs, autonomy/AI, energy storage, and robotics," he said. TSLA YTD mountain TSLA, year-to-date Shares were marginally higher in the premarket following the move.

Persons: Canaccord, George Gianarikas, Gianarikas, Tesla, Elon Musk Locations: 1Q24

☆ Elon Musk took the stage at a Trump rally to talk about taxes and the 'Department of Government Efficiency'
▼ + stars: | 2024-10-28 | by ( Katherine Tangalakis-Lippert | Cheryl Teh | ) www.businessinsider.com time to read: +5 min

Elon Musk briefly spoke at a campaign rally for Donald Trump in New York on Sunday. Musk said he'd save the US $2 trillion through a department of government efficiency. AdvertisementAt a campaign rally for former President Donald Trump in New York on Sunday, Elon Musk said he'd save the United States $2 trillion through a department of government efficiency. "I think we can do at least $2 trillion," Musk replied. Musk and representatives for the Trump campaign did not immediately respond to a request for comment.

Persons: Elon Musk, Donald Trump, Musk, —, Howard Lutnick, Cantor Fitzgerald, Lutnick, Tesla, Harris, Trump, he'd, Musk's, Kamala Harris Organizations: Service, Sunday, SpaceX, Biden, Department of Government Efficiency, Trump, Social Security, Small, Budget, Street, Trump Musk, America PAC, The New York Times, Siena College Locations: New York, United States, Pennsylvania, Trump's

☆ Stocks making the biggest moves premarket: Exxon, Spotify, Boeing, McDonald's, TSMC and more
▼ + stars: | 2024-10-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Spotify — The music platform rose more than 2% after Wells Fargo named Spotify a top stock pick . Analyst Steven Cahall is particularly bullish on the company's rising margins, strong product mix and evolving record label relationships. Boeing — Shares of the planemaker slipped roughly 2% after Boeing launched a stock offering that could raise roughly $19 billion. McDonald's shares dropped more than 7.5% last week, marking its worst weekly performance since 2020. ON Semiconductor — Shares gained more than 3% after the semiconductor product maker posted adjusted earnings per share of 99 cents and revenue of $1.76 billion for the third quarter.

Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, FactSet, Canaccord Genuity, Nio, CrowdStrike, Sarah Min, Alex Harring, Lisa Kailai Han, Sean Conlon, Michelle Fox Organizations: Spotify, Boeing —, Boeing, Occidental Petroleum, Exxon, BP —, Citi, Exxon Mobil, BP, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The, Delta Air Lines Locations: U.S, China, The U.S, Macquarie

☆ Big Tech CEOs are calling up Trump, seeking to rekindle their relationship with former president ahead of Election Day
▼ + stars: | 2024-10-27 | by ( Steve Contorno | Alayna Treene | ) edition.cnn.com time to read: +8 min

The stepped-up push by some of the world’s most influential Big Tech leaders to speak with the former president ahead of Election Day comes amid an exceptionally tight race between Trump and Vice President Kamala Harris. And it’s the latest sign of the greater business community seeking to rekindle a relationship with the former president in anticipation of a potential second term. I don’t want to have him, his administration, going after us,’” a person close to Trump told CNN. “If you look at Google lately, I think you’re going to see they’ve become much more inclined towards Trump,” the former president told conservative radio host Hugh Hewitt. “Let me tell you: All of those companies will be set free, if you have the right president,” Trump said.

Persons: Donald Trump, Tim Cook chatted, Trump, Sundar Pichai, “, ” Trump, Joe Rogan’s, Andy Jassy, Mark Zuckerberg, Kamala Harris, Elon Musk, Musk, ’, Evan Vucci, Jassy, Jeff Bezos, Michael M, Zuckerberg, he’s, Joe Biden’s, ”, Hugh Hewitt, “ They’re, Cook, ” CNN’s Clare Duffy, Kate Sullivan Organizations: CNN —, Trump, Apple, Las, Google, Republican, Amazon, CNN, Meta, Big Tech, Mar, Department of Justice, Silicon, Washington Post, Getty, Associated Press, titans, Facebook, Biden’s Department of Justice, Economic, of Chicago, European Union Locations: Europe, Las Vegas, Pennsylvania, Butler , Pennsylvania, New York City, Austin , Texas, Menlo Park , California, Harris

☆ 2 New Jersey restaurateurs turned a Cybertruck into a mobile pizza oven — and they want to cook for Elon Musk
▼ + stars: | 2024-10-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The owners say they're huge Tesla fans, and want to one day cook pizza for Elon Musk. AdvertisementA pizzeria in New Jersey has transformed two Cybertrucks into pizza trucks, using one of the Tesla vehicle's most futuristic features to cook pizzas on the go. They wanted new vehicles to relieve the strain on their gasoline pizza truck, which the two partners say was frequently booked months in advance. Now, they say they are facing a huge wave of demand for their Cybertruck pizza trucks, which they've modified to cook pizzas at parties and events. Like other electric vehicles, including the Ford F-150 Lightning, the Cybertruck has bidirectional charging, allowing it to become a mobile power source for appliances and even other electric vehicles.

Persons: Tesla, —, Fabio Antonio Arbelaez, Ryan McDermott, McDermott, Elon Musk, Hurricane Helene, Elon, Arbelaez, aren't, I've Organizations: Elon, Service, Columbia, Ford, EV, Tesla, Austin Locations: Jersey, New Jersey, Columbia, Florida, Hurricane, Colombia, Texas

☆ Earnings playbook: Busiest week of the season includes reports from megacaps Apple and Amazon
▼ + stars: | 2024-10-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Monday Ford Motor is set to report earnings after the bell, followed by a conference call at 5 p.m. What history shows: Bespoke Investment Group data shows Ford beats earnings expectations 68% of the time. What to watch: Meta is in a good spot heading into this week's report, according to Bernstein's Mark Shmulik. Microsoft is set to report earnings after the close, with a conference call on deck for 5:30 p.m. Amazon is set to report earnings after the market close, with a conference call at 5 p.m.

Persons: Edison Yu, Yu, BioNTech, Goldman Sachs, Toshiya Hari, Hari, LSEG, Bernstein's Mark Shmulik, Morgan Stanley's Keith Weiss, AAPL, KeyBanc, Justin Post Organizations: Apple, Ford Motor . Pharmaceutical, Pfizer, Corporate America, Monday Ford, LSEG, Ford, AMD, Cloud Service, Google, Microsoft, Windows, CNBC, Management, Amazon Web Services, Bank of America, Amazon Locations: Temu, .

☆ UFC CEO Dana White wants to fix the sport's ranking system, and has asked Mark Zuckerberg for help.
▼ + stars: | 2024-10-27 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

UFC CEO Dana White wants to change the sport's ranking system. White said he talked to Mark Zuckerberg about how artificial intelligence could help. AdvertisementMeta CEO Mark Zuckerberg could help improve the UFC's ranking system, which has become a point of contention for UFC CEO Dana White. The ranking system is generated by a voting panel comprised of media members from select outlets. White has criticized the UFC's ranking system in the past, including during a press conference earlier this month.

Persons: Dana White, White, Mark Zuckerberg, Zuckerberg, —, Ilia Topuria, Max Holloway, David Zalubowski, Joe Rogan, Khai Wu, Elon Musk Organizations: Service, UFC, TNT Sports, Saturday, Meta, Business Locations: Abu Dhabi

☆ People paid $50,000 to reserve Tesla's new Roadster nearly 7 years ago. Its launch date remains a mystery.
▼ + stars: | 2024-10-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Elon Musk recently said Tesla's Roadster takes a back seat to more pressing projects. Nearly seven years after first unveiling the new Roadster, its release date remains a mystery. During Tesla's third-quarter earnings call, Elon Musk thanked the "long-suffering deposit holders," many of whom paid $50,000 in 2017 to reserve the much-delayed electric sports car. Related storiesMusk first announced the new Tesla Roadster in November 2017 and said it would be "the fastest production car ever made, period." The interior design of the Tesla Roadster was shown off in November 2017.

Persons: Tesla's, Elon Musk, —, Tesla, Musk, weren't, Kate Leaman, Leaman, it's, Jacob Bourne, Bourne, Dan Ives, Don Lemon, Peter Thiel Organizations: Analysts, Service, Wall Street, Business, Tesla, Base Roadster, SpaceX

☆ How to dance the earnings two-step: Recognize initial stock distortions and then act
▼ + stars: | 2024-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly

☆ NASA chief and Democratic lawmakers urge investigation into reports of Musk-Putin conversations
▼ + stars: | 2024-10-27 | by ( Erin Snodgrass | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

The Wall Street Journal reported that Elon Musk and Vladimir Putin have shared secret calls since 2022. A former DoD analyst said that a relationship like this could pose national security concerns. Because of his work with the federal government via SpaceX, Musk holds a security clearance that gives him access to some classified information. "The security clearance adjudication process looks at several factors, and undue foreign influence is just one of those factors," Stransky, now a partner at Thompson Hine law firm, said. The existence of an ongoing Musk-Putin relationship would be further complicated by the billionaire tech leader's recent foray into US politics.

Persons: Elon Musk, Vladimir Putin, —, Bill Nelson, Musk, Putin, Nelson, Semafor, Adam Smith, aren't, Sen, Jeanne Shaheen, Smith, Shaheen, Dmitry Peskov, Steven Stransky, Thompson, Stansky, Robert English, Xi, Trump, he's, Tesla Organizations: Street Journal, Washington, Service, Democratic, SpaceX, Business, NASA, Department of Defense, House Armed Services Committee, Politico, Defense Department, New, New Hampshire Democrat, Senate Foreign Relations, Senate Armed Services Committee, DoD, National Reconnaissance Office, astronautics, Pentagon, Department of Homeland Security, National Security Council, Central, University of Southern, Trump Locations: New Hampshire, University of Southern California, Taiwan

☆ Elon Musk’s X is boosting election conspiracy theories with AI-powered trending topics
▼ + stars: | 2024-10-26 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

On Monday, Grok uncritically repeated debunked allegations of wrongdoing related to the voting machine company Dominion Voting Systems. It created a “story for you” repeating unfounded allegations by X users that she used cocaine in the White House, and it created a “story for you” repeating allegations by X users that she attended parties hosted by Sean “Diddy” Combs, who’s facing federal sex-abuse charges. In recent weeks, dozens of X users have posted about “explore beta,” and the vast majority of the posts have been negative. Some X users who browse the app’s trending topics see only ranked lists of popular subjects, with no AI-generated text. It’s also not clear if X plans to expand the Grok summaries from a beta test to a standard feature.

Persons: Elon, Kamala Harris, Donald Trump, Musk, Grok, Grok uncritically, Grok’s, ”, Harris, Sean “ Diddy ” Combs, Combs, Misa Hylton, it’s, Joe Biden, Biden, It’s, X Organizations: NBC News, Voting Systems, Dominion, Fox News, Local, Democratic, Grok, SpaceX, Bloomberg, Trump, Trump voters, NBC, Dominion Voting Systems, Twitter, Associated Press, Reuters, soccer team Locations: Maricopa County , Arizona, Tarrant County , Texas, Pennsylvania

☆ Elon Musk defends $1 million giveaway after Justice Department warning
▼ + stars: | 2024-10-26 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Tech billionaire Elon Musk defended the legality of his super PAC’s $1 million daily giveaway to registered voters in swing states, days after the Justice Department sent a letter warning that the lottery-style contest might be unlawful. The PAC is also offering $100 to Pennsylvania registered voters who sign the petition. Musk’s daily drawing for $1 million is open to registered voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. Musk took a harsher tone toward the Justice Department on two other subjects during the online town hall. He attacked the criminal prosecutions of Trump, saying they were for “political reasons,” and he criticized the Justice Department for intervening in a lawsuit in Virginia related to immigration and that state’s voter rolls.

Persons: Elon Musk, It’s, ”, Musk, Donald Trump, he’s, George Soros, “ Dennis ”, ” Musk, Trump Organizations: Tech, Justice Department, Musk’s America PAC, SpaceX, Bloomberg, Trump, Soros, NBC News, Musk’s Locations: United States, Pennsylvania, America, Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Virginia

☆ Biden says Elon Musk was an 'illegal worker' when he began U.S. career
▼ + stars: | 2024-10-26 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

President Joe Biden called out Tesla and SpaceX CEO Elon Musk, now a Republican megadonor and Trump campaign surrogate, for hypocrisy on immigration on Saturday, saying Musk launched his long career in the U.S. as an "illegal worker" before becoming the world's wealthiest man. The president made these remarks at a campaign event to support Democrats that took place in Pittsburgh, Pennsylvania, on Saturday. Labeling Musk as former President Donald Trump's wealthy new "ally," Biden said, "That wealthiest man in the world turned out to be an illegal worker here when he was here," referring to Musk. The Trump campaign did not immediately respond to CNBC's request for comment on Biden's remarks. Musk had arrived in the U.S. with the stated intention of attending grad school at Stanford in the mid-90s.

Persons: Joe Biden, Elon Musk, Musk, Donald Trump's, Biden, He's, Trump, Zip2, Tesla, Kamala Harris, it's, Brennan, —, Rebecca Picciotto Organizations: SpaceX, Republican, Trump, America PAC, Peterson Institute for International Economics, Washington Post, Stanford, Forbes, Twitter, Democratic, Brennan Center for Justice Locations: U.S, Pittsburgh , Pennsylvania, United States, Pennsylvania, Musk's

☆ Tesla ends the week on a high fueled by earnings 'surprise'
▼ + stars: | 2024-10-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Tesla stock has surged since the company reported earnings on Wednesday. AdvertisementTesla's stock price has been on a tear in the two days since the carmaker reported quarterly earnings that exceeded expectations. AvaTrade's chief market analyst, Kate Leaman, told BI that Tesla's earnings were a "surprise beat, which always gives the stock a push." Ahead of the earnings report, analysts had concerns about waning EV demand and the impact of Tesla's price cuts on its profitability. Dan Ives, a Tesla bull and an analyst at Wedbush Securities, called Tesla's earnings figures a "Goldilocks quarter."

Persons: Jacob Bourne, —, Elon Musk, Tesla, Kate Leaman, Tom Narayan, Dan Ives, Emarketer's Bourne, Tesla's Cybercab, Bourne, Chowdhry, Donald Trump, Narayan, Musk Organizations: Wall Street, Service, Wall, Business, RBC Capital, Wedbush Securities, Global, Tesla Locations: Texas, California, Bay

☆ Big companies are seeing more turnover in the CFO chair. Here's why that matters
▼ + stars: | 2024-10-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +9 min

CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023. A global pandemic, increased geopolitical tensions overseas, supply chain disruptions and recession concerns have made the CFO role even harder. Jim Cramer also has pounded the table of the importance of the CFO role, arguing that "a good CFO can give you a feeling of a Good Housekeeping seal of approval." Moving forward, it's unclear whether CFO turnover will continue to pickup. "If a CFO immediately resigns intra quarter, what companies will do sometimes is reaffirm their guidance to ease investor concerns.

Persons: Zachary Kirkhorn, Deepak Ahuja, Russell Reynolds, CFOs, Steve Gallucci, —, they've, Goldman Sachs, David Viniar, Josh Crist, Crist, Raymond James, Paul Shoukry, Jim Cramer, Amy Hood, Hood, we've …, Costco's Richard Galanti, Eli Lilly, Anat Ashkenazi, Ashkenazi, Ruth Porat, Apple, Luca Maestri, Amy Weaver, Mike Stepniak, Jeff Marks, Marks, It's, Jim Cramer's, Jim Organizations: Wall Street, Deloitte's Global, CNBC, Fortune, Goldman, Bloomberg News, Kolder, Microsoft, Honeywell, Federal, Jim Cramer's Charitable, Istock, Getty

☆ Tesla is offering a Cybertruck accessory that it can't fully install
▼ + stars: | 2024-10-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Some Cybertruck owners seem to be getting their hands on the light bar accessory — but there's a catch. One YouTuber said he had to finish installing the light bar on his Cybertruck himself. AdvertisementTesla Cybertruck owners will have to do some DIY if they want to equip their vehicles with one of its most eye-catching accessories. The Foundation Series "Cyberbeast" version of Tesla's futuristic electric truck comes with an off-road light bar — an LED light fitting that sits above the front windshield. Brownlee said the light bar was also not connected to the internal harness that allows it to get power.

Persons: YouTuber, —, Tesla, YouTuber Marques Brownlee, Brownlee, Elon Musk Organizations: Service, Traffic Safety Administration, NHTSA, Business

☆ Q3 Earnings: Welcome to the ‘show me the money’ quarter
▼ + stars: | 2024-10-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

In what some analysts are calling the “show me the money” quarter, most of the major US tech titans will report earnings during Halloween week. “Tech companies have been spending billions on AI like kids in a candy store,” said David Laut, chief investment officer at Abound Financial. “Now investors want to see what they’re getting for their money.”Earnings season for tech got off to a strong start Wednesday evening when Tesla surprised Wall Street with better-than-expected earnings. The results sent Tesla’s shares surging more than 11% in after-hours trading, potentially setting a positive tone for next week’s parade of tech earnings. But there’s more spooking Wall Street than just tech earnings.

Persons: ”, David Laut, Tesla, Tesla’s, Jim Reid, Dan Ives Organizations: New, New York CNN, Google, Microsoft, Meta, Apple, Nvidia, “ Tech, “, ChatGPT, Reserve, Deutsche, Wedbush Securities Locations: New York, Canada, France

☆ Elon Musk's secret talks with Putin ramped up during his Twitter takeover: WSJ report
▼ + stars: | 2024-10-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

watch nowTesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Currently, the SpaceX website says that a "service date is unknown at this time," for Starlink in Taiwan for general customers. Musk and representatives for X, SpaceX and Tesla did not immediately respond to requests for comment. The conversations between Musk and Putin, who once ran the KGB, reportedly occurred as Musk was in the midst of a leveraged buyout and takeover of Twitter. He continued to promote the idea, via X (formerly Twitter) that some Ukraine citizens would prefer to join Russia.

Persons: Elon Musk, Vladimir Putin, Putin, Musk, withold, Xi Jinping, Bill Nelson, Donald Trump's, Donald Trump, Anna Moneymaker, Mike Gallagher, StarShield, Tesla, NASA's, Joe Raedle, Ian Bremmer, Volodymyr Zelenskyy, Sen, Lindsay Graham, Garry Kasparov, Lisi Niesner, Yuri Milner, Dana Rohrabacher, Rohrabacher, Rohrabacher's Organizations: SpaceX, Wall Street, Republican, Pentagon, NASA, Department of Defense, CNBC, ., NBC, X, KGB, Twitter, Polaris, NASA's Kennedy Space Center, Eurasia Group, NATO, Kremlin, Eastern Economic, Reuters, SXSW, Roscosmos, Russian Space Locations: U.S, Russia, Ukraine, Taiwan, Beijing, Washington, Butler , Pennsylvania, China, Starlink, Cape Canaveral , Florida, Crimea, Ukrainian, Sevastopol, Vladivostok, Bakhmut, Donetsk region, Silicon, Russian, Orange County , California, Moscow

☆ Big earnings disappointments spoiled the stock market party this week
▼ + stars: | 2024-10-25 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

A torrent of big-name earnings hit the stock market this week — and the majority did not live up to analysts' muted expectations. Of the S & P 500 companies that have reported so far, about 74% of companies have beaten earnings expectations . But their blended earnings growth rate, which includes the reports already out and estimates for those on the docket, is 3.4%, falling short of the 4.2% estimate. The growth rate of just the companies that have posted so far is 3.1%, according to FactSet. Tech stocks buoyed the market on Friday ahead of their looming earnings reports, lifting the Nasdaq Composite to a record high.

Persons: Philip Morris, ServiceNow, Phillip Colmar, Colmar Organizations: CNBC, MRB Partners, Tech, Nasdaq, Dow Jones Locations: Colmar

☆ Senators call for DOJ probe into Elon Musk's $1 million giveaway
▼ + stars: | 2024-10-25 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Elon Musk's $1 million giveaway to registered voters has raised legal questions. AdvertisementTwo Democratic members of the Senate Judiciary Committee are calling on the Department of Justice to launch an investigation into Elon Musk. AdvertisementThey noted that Musk's giveaway, which requires participants to be registered to vote in order to participate, may violate laws that forbid paying people to vote, or register to vote. Welch and Blumenthal argued that Musk's giveaway is "explicitly designed to induce people to register to vote." Spokespeople for America PAC and the Department of Justice did not immediately respond to a request for comment.

Persons: Elon Musk's, —, Musk, Donald Trump, Peter Welch of Vermont, Richard Blumenthal, General Merrick Garland, Welch, Blumenthal, Garland, Spokespeople, Read Organizations: of Justice, DOJ, Service, Department of Justice, Elon, America PAC, Sens, Senate Locations: Connecticut

☆ Bolt CEO changes RTO policy to 'stop the insanity of people working remotely from places like Bali.' Read the memo.
▼ + stars: | 2024-10-25 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +8 min

The CEO of European ride-hailing app Bolt is mandating workers return to the office 12 days a month. AdvertisementThe CEO of European mobility app Bolt didn't mince words earlier this month when calling workers back to the office. "We will stop the insanity of people working remotely from places like Bali," he said. "We believe that in-person collaboration drives innovation and performance, and our existing policy advises employees to work from a Bolt office for 2-3 days a week," a Bolt spokesperson said. "Starting from 1 January, this policy will be formalised with employees being asked to work from a Bolt office 12 days per month.

Persons: Markus Villig, Bolt, —, Villig, Elon Musk, flexibly, it'd, Read Organizations: Service, Business, Apple, Amazon, Sequoia Capital, Fidelity Management, Team, – Locations: Bali, Tallinn, Estonia, – Tallinn

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