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Elon Musk talked more about the autonomous Cybercab during Tesla's third-quarter earnings call. AdvertisementIt's been less than a month since Elon Musk unveiled the Tesla Cybercab, an autonomous robotaxi without a steering wheel or pedals, at the company's "We, Robot" event. AdvertisementMusk says Cybercab will reach volume production in 2026Tesla's Cybercab was first shown off at the company's "We, Robot" event on October 10, 2024. "I do feel confident of Cybercab reaching volume production in '26, not just starting production, reaching volume production in '26," he said. "It's not, it's especially not just a revolutionary vehicle design, but a revolution in vehicle manufacturing that is also coming with the Cybercab," Musk said.
Persons: Elon Musk, Musk, , It's, Tesla, Tesla's Cybercab, Tesla Musk, it's Organizations: Service, Wall Street Locations: Texas, California
The US says North Korean troops are in Russia, possibly bound for the war in Ukraine. AdvertisementAny North Korean troops sent to fight in Ukraine would be subject to harsh measures to ensure they don't desert, observers have told Business Insider. On Wednesday, US Defense Secretary Lloyd Austin said "there is evidence" that North Korean troops were training in Russia. Scattered reports have claimed that smaller numbers of North Korean troops are already in Ukraine. Bennett said that the presence of North Korean troops in Ukraine could offer a rare opportunity to reach high-placed North Korean citizens.
Persons: , Lloyd Austin, Hromadske, Kim Jong Un, Joseph S, Bermudez Jr, Kim Jong, It's, Mark Collins, Kim, Bermudez, They're, Bruce W, Bennett, they've, Kim's, Kim Yo Jong, we've Organizations: North, Service, US, Business, Center for International, Strategic Studies, National Intelligence Service, South, Workers ' Party of Korea, RAND Locations: Russia, Ukraine, North Korea, South Korea North Korea, North Koreans, Pyongyang, Korea, Nazi, Soviet, South Korea
watch nowQuarterly lossesBoeing reported a more than $6 billion loss for the third quarter, its largest since 2020 when the pandemic halted most aircraft demand and its bestselling airplane was grounded after two crashes. It disclosed charges of more than $5 billion across its commercial and defense units and said it ended the third quarter with $10.5 billion in cash and marketable securities. Its commercial airplane unit's losses swelled to more than $4 billion from a $678 million loss a year before. Ortberg announced the departure of the defense unit's CEO, Ted Colbert, in September. He is expected to face questions on the call about which units or projects the company will consider shedding.
Persons: David Ryder, Kelly Ortberg, Ortberg, CNBC's Squawk, Brian West, Ted Colbert, we've, LSEG, Rockwell Collins, Max, weren't Organizations: Boeing Co, Bloomberg, Getty, Boeing, KC, International, NASA, CNBC, Alaska Airlines Locations: Renton , Washington, US
We've tested several for our guide to the best espresso machines, and the Jura Z10 ranks as the best super-automatic espresso machine. The Jura Z10 stands alone in the sea of sub-par automatic espresso machines on the market — though not without a few shortcomings of its own. Read on for our thoughts on the Jura Z10 espresso machine. Owen Burke/Business InsiderIn the end, no fully automatic espresso machine we've tried competes with a quality semi-automatic machine and a perfectly dialed burr grinder. But if convenience is your primary concern and you have the budget for it, the Jura Z10 is the best automatic espresso machine on the market.
Persons: We've, Owen Burke, sudsy microfoam, Lily Alig, Alig, it's, Dylan Ettinger, burr Organizations: Business, Jura Z10, Z10, Amazon, Williams, Espresso Locations: Switzerland, Jura, Siri
There's a common belief that lower borrowing costs benefit so-called growth stocks, as they're often capital-intensive. "History also suggests value should outperform growth, at least over the six months following the first rate cut," he said. If the economic situation becomes a "hard-landing," however, he said that growth stocks could outperform. If it normalizes (i.e., becomes more upward sloping), value should outperform growth," he said, referring to a situation where short-term rates are lower than long-term rates. "Lower multiple value stocks have greater upside and less risk than the pricier 'glamor growth' group for the foreseeable future," Ball said.
Persons: Adam Turnquist, Savita Subramanian, CNBC's, we've, Janjigian, Vanguard Russell, Venu Krishna, George Ball, Sanders Morris, Ball Organizations: U.S, Tech, CNBC Pro, LPL, BofA Securities, Greenwich Wealth Management, Vanguard, Index, Barclays, Krishna, Presidential Locations: U.S . Federal
However, real estate — specifically the commercial side — may be poised to take off. "This is absolutely the largest generational opportunity to invest in real estate in a long time," Issar said at the conference. "This is a time for investors to step in, move into attractive pricing, move into asset classes like non-core real estate." Investors can bet on a commercial real estate rebound by working with JPMAM's team, or on their own through publicly traded real estate investment trusts (REITs). "That is the modernization of the new direct real estate that is going to be really attractive for investors in the future."
Persons: Goldman Sachs, , Goldman Sachs Goldman Sachs, they're, That's, David Kelly, what's, JPMAM, Kelly, David Lebovitz, Monica Issar, Issar Organizations: JPMorgan Asset Management, Service, Asset Management, Management, JPMorgan Private
Electricity and labor headwinds slow Amazon's data center buildout. AdvertisementAmazon is spending heavily on data centers to support booming AI workloads, putting it on pace to build 240 new facilities by 2040, one estimate found. David Cahn, a Sequoia Capital general partner, recently predicted data center delays across the sector. Bernstein Research recently estimated that electricity demand for AI data centers could exceed supply in just two years without action. An Amazon data center in Oregon.
Persons: , It's, David Cahn, Marc Wulfraat, MWPVL, we've, Bernstein, Amazon's, Matt Garman, JOSH EDELSON, Garman, Manuel Pineda, Pineda, Owens Corning Organizations: Service, Sequoia Capital, Energy, Amazon, Boston Consulting Group, Bernstein Research, Business, Web, San Francisco 49ers, BI, AWS, Uptime Institute, Center, Survey Locations: AMER, Americas, Oregon , Ohio, Northern Virginia, Amazon's Portland, Arizona, Indiana, Pennsylvania, Silicon Valley, Santa Clara , California, Santa Clara, Levi's, City, Santa, Oregon
DETROIT — General Motors easily outperformed Wall Street's third-quarter earnings expectations, leading the Detroit automaker in raising key guidance targets for 2024. GM is now forecasting full-year adjusted earnings before interest and taxes of between $14 billion and $15 billion, or $10 and $10.50 a share, up from between $13 billion and $15 billion, or $9.50 and $10.50. It also raised its adjusted automotive free cash flow forecast to between $12.5 billion and $13.5 billion, up from $9.5 billion and $11.5 billion. That compared to its previous guidance of $10 billion to $11.4 billion, or $8.93 and $9.93. The automaker has topped Wall Street's EPS estimates for nine consecutive quarters and revenue for eight straight quarters.
Persons: Wall, Paul Jacobson, Jacobson, we've Organizations: DETROIT, General Motors, Detroit, GM Locations: China
Under the terms of the deal, Costco will offer Peloton's Bike+ in 300 of its U.S. stores for $1,999, and on Costco.com for $2,199 between Nov. 1 and Feb. 15. Costco is one way to get there, Dion Camp Sanders, Peloton's chief emerging business officer, told CNBC in an interview. The deal with Costco gets Peloton onto the shelves of a retailer with a strong fan following and wealthier customers. According to Numerator, 36% of Costco's customers have a household income of more than $125,000. As of this month, hotel members can earn points for completing workouts on the Peloton Bike and Row during their stay.
Persons: Barry McCarthy, Long, Dion Camp Sanders, Peloton's, We've, Camp Sanders, Gary Millerchip, Costco's, they've, Merchandising Claudine Adamo, Truemed Organizations: Costco, CNBC, Merchandising, Dick's Sporting Goods, PayPal Locations: U.S
Jack Sweeney's Threads accounts that track the flight paths of private jets have been suspended. AdvertisementJack Sweeney, a college student who tracks the private jets of several high-profile people, including Elon Musk and Mark Zuckerberg, says his Threads accounts have been suspended. He said he received no warnings or communications from the Big Tech company before the accounts were suspended. AdvertisementThe college student first made headlines in 2022 after Musk offered him money to stop publicly sharing his flight information. In December 2022, Sweeney's jet-tracking accounts were suspended by X. Musk, who took over the social media company months earlier, called the accounts a "physical safety violation."
Persons: Jack, Elon Musk, Taylor Swift, , Jack Sweeney, Mark Zuckerberg, Sweeney, Kim Kardashian, Donald Trump, Zuckerberg, Swift, Musk Organizations: Meta, Service, Elon, Big Tech, Meta's, Business, US Federal Aviation Administration, Twitter, University of Central, X Locations: University of Central Florida, Orlando
Reddit CEO Steve Huffman said the company is working to find its place in the AI "arms race." The platform has become a power player in the race to train AI models. Huffman hinted at large companies that are taking advantage of Reddit's content. AdvertisementReddit CEO Steve Huffman said the platform's content is among the world's best training data for artificial intelligence — and an increasingly valuable commodity as the company aims to find its place in the AI "arms race." "We've invested a lot in the last couple of years in locking that down, but it is an arms race."
Persons: Steve Huffman, Huffman, , he's, Reddit, We've Organizations: Service, Tech, Google, Microsoft
She says that sometimes using AI to complete an application isn't a big deal. Since joining Applied in 2018, I've reviewed thousands of applicants' skill-based test answers, and I've noticed multiple subtleties that indicate AI was used. Beyond that, using AI can also strip an application of personality and diminish an applicant's ability to set themself apart among potentially thousands of other applicants. They may not mind the use of AI, or they might discard an applicant entirely if there is even suspicion that AI was used. AI isn't going anywhere, so use it to your advantageI believe that AI will continue to be used in applications.
Persons: Khyati Sundaram, Sundaram, , It's, I've, we've, We've, résumés, who've, Tess Martinelli Organizations: Service Locations: London, tmartinelli
Robert Downey Jr. discussed SpaceX founder Elon Musk on the Kara Swisher podcast. The "Iron Man" star said he wishes the businessman "would control his behavior a little more." Musk had a cameo in "Iron Man 2" because he has been compared to Downey Jr.'s character, Tony Stark. AdvertisementRobert Downey Jr. said Elon Musk should "control his behavior a little more," jabbing the billionaire CEO who has often prompted comparisons with Tony Stark. Gwyneth Paltrow as Pepper Potts, Robert Downey Jr. as Tony Stark, and Elon Musk in "Iron Man 2."
Persons: Robert Downey Jr, Elon Musk, Kara Swisher, Musk, Downey, Tony Stark, , Downey Jr, Stark, Gwyneth Paltrow, Pepper Potts, — Swisher, that's, Mark Fergus, Donald Trump, Steve Jobs, Fergus, Trump, Tesla, Machete Organizations: SpaceX, Service, Marvel, Monaco, Prix, Paramount, Marvel Studios, Disney, New York Magazine, Apple
In the weeks following their move, Chris found out that his father was planning to sell the family business, the Wheels Motel in Greybull, Wyoming. Still, knowing that his dad couldn't run the motel forever, Chris had previously run the possibility of buying it by Roxanna. The Wheels Motel is located in Greybull, Wyoming, about 100 miles from the east gate of Yellowstone National Park. Chris and Roxanna Harwood purchased the Wheels Motel from Chris' father in 2017. "This will be one of maybe two or three years that we've shown profitability with the motel," Chris says.
Persons: Chris, Roxanna, They'd, he'd, couldn't, Levi Stallings, she'd, Roxanna —, , they've, Ronan, Roxanna Harwood, Harris, it's, they're Organizations: Roxanna, CNBC, Navy, University of Wyoming, Colorado State, Microsoft, Gas, BMW Locations: Loveland , Colorado, Greybull , Wyoming, Yellowstone, Bighorn, it's, Billings , Montana, Greybull, Wyoming, Laramie, Hulu, Billings
Ken Griffin's market maker, Citadel Securities, is revamping its core trading infrastructure. AdvertisementIn 2023, Citadel Securities COO of technology, Jeff Maurone, was meeting with senior leaders to discuss technology priorities for the year. I almost look at it as the stretching of business," Woods told Business Insider. Building Citadel Securities' trading infrastructure of the futureIn the last few years, Citadel Securities pushed into credit trading, expanded its rates franchise, and introduced an institutional options offering. Maurone's team supports Citadel Securities' technology organization, and he manages a team of 15 people.
Persons: Ken Griffin's, Josh Woods, Jeff Maurone, , Maurone, Woods, Matt Culek, Peng Zhao, Jim Esposito Organizations: Citadel Securities, Service, Securities, McKinsey, Deloitte, COOs, Citadel Securities Each Locations: Asia Pacific, EMEA, COOs —, New York, Jeff's
Jen Komaromi describes her parenting style as "free range" because she allows her kids more freedom. The 51-year-old was happy for her son, then 15, to fly solo to France and change planes in Paris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. When Jack was in first grade, he started walking solo from school to the library, which was pretty much next door but involved crossing a road.
Persons: Jen Komaromi, , Jack, Kevin, Jack texted, he'd, Charles de Gaulle, Evie, I've, I'd, They've Organizations: Service, Air, Business Locations: France, Paris, Bay, Air France, San Francisco, Lyon, Komaromi
Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.
Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China
Marika Frumes founded Mysha because she wanted a community of high-powered moms. It was strange because I had made a career of bringing people together, especially as the cofounder of HER, a network for professional women. I said I wanted to talk to other professional women delivering a baby within two months of when I had my son. Related storiesBecause of the world I lived in, most of the people in my first pod were ambitious professional women. AdvertisementToo often, we're in echo chambers, like the conversation around professional moms versus stay-at-home moms.
Persons: Marika Frumes, , Mysha, That's, They've, I've, It's, Erica Komisar Organizations: Service, Facebook Locations: , LA , New York, Miami, Mysha
At Fantastic Fest, Stahelski, Leitch, and star Keanu Reeves wove through the packed lobby filled with rabid Reeves fans. AdvertisementKeanu Reeves cleverly got Stahelski and Leitch to direct 'John Wick'Keanu Reeves in "John Wick." Nico Tavernise/LionsgateIs it true you guys had to fight with the financiers to keep a beard on John Wick? We felt live or die, it doesn't matter, it's John versus John Wick; that's the story we're telling. Another "John Wick" movie?
Persons: John Wick, Chad Stahelski, David Leitch, Eva Longoria, , Keanu Reeves, Stahelski, it's, Leitch, Reeves, Jamie McCarthy, Getty, John Wick dusts, Keanu, Lionsgate Chad, David, Dave, Kelly McCormick, Derek Kolstad, Tolkien, Basil Iwanyk, Chad, Jason Statham, Derek, Lana, he's, Nico Tavernise, Jonathan Sela's, John, Basil, Jon Kopaloff, Getty David, Ed, Shane, It's, Kristy Sparow, You'll, Eva, Basil said, We've, we've, Marmont, I've, Cindy Ord, WireImage, you've, Hobbs, Shaw, Guy Organizations: Service, Lionsgate, Guild of America, Fest, DC, Marvel, Navy SEAL, Hong, Leitch, CAA Locations: Austin, Los Angeles, Stahelski, Russian, Chad, Hong Kong, I'm
She was admitted, and I realized I also needed to take care of myself. AdvertisementIn November 2023, after many false starts, my schizophrenic daughter and I made our way to Seattle Children's Hospital. AdvertisementA month later, she was admitted to the hospitalIn December, she had a delusion the police were arresting her. There were emails to write and texts to send, but I didn't care. I didn't have to cook every night; my daughter, at 16, could take it on at least one night a week.
Persons: , Weeks, It's, We've, I've, wouldn't, she'd, Lyft, you've, I'm Organizations: Service, Seattle Children's Hospital Locations: Seattle
The launch of margin trading follows the recent approval of the product, after Robinhood held conversations with Britain's financial regulator, the Financial Conduct Authority (FCA). Margin trading is a rarity in the U.K., where regulators see it as more controversial because of the risks involved to users. Some platforms in the country limit margin trading for only high-net-worth individuals or businesses. In the case of margin trading, investors can use borrowed money to increase the size of their trades. At the time of launch, Robinhood was unable to offer U.K. users the option of margin trading, pending discussions with the FCA.
Persons: Rafael Henrique, Robinhood, Jordan Sinclair, Goldman Sachs, Morgan Stanley, Sinclair, we've, Robinhood's Sinclair, that's Organizations: Getty, Financial, Authority, Interactive, IG, CMC Markets, Robinhood, JPMorgan Chase, UBS, CNBC, FCA, U.S ., Federal Deposit Insurance Corporation Locations: U.S, Britain, Tesla
At Fantastic Fest, Stahelski, Leitch, and star Keanu Reeves wove through the packed lobby filled with rabid Reeves fans. Chad Stahelski, David Leitch, and Keanu Reeves at the premiere of "John Wick." AdvertisementKeanu Reeves cleverly got Stahelski and Leitch to direct 'John Wick'Keanu Reeves in "John Wick." We felt live or die, it doesn't matter, it's John versus John Wick; that's the story we're telling. Another "John Wick" movie?
Persons: John Wick, Chad Stahelski, David Leitch, Eva Longoria, , Keanu Reeves, Stahelski, it's, Leitch, Reeves, Jamie McCarthy, Getty, John Wick dusts, Keanu, Lionsgate Chad, David, Dave, Kelly McCormick, Derek Kolstad, Tolkien, Basil Iwanyk, Chad, Jason Statham, Derek, Lana, he's, Nico Tavernise, Jonathan Sela's, John, Basil, Jon Kopaloff, Getty David, Ed, Shane, It's, Kristy Sparow, You'll, Eva, Basil said, We've, we've, Marmont, I've, Cindy Ord, WireImage, you've, Hobbs, Shaw, Guy Organizations: Service, Lionsgate, Guild of America, Fest, DC, Marvel, Navy SEAL, Hong, Leitch, CAA Locations: Austin, Los Angeles, Stahelski, Russian, Chad, Hong Kong, I'm
I was raised in NYC, but my French partner and I just moved to a Portuguese town, sight unseen. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI was born in Paris and raised in New York, which has made me a city girl through and through. AdvertisementMy partner and I are both French-Brazilian, so we decided France and Brazil were out of the question. If I could tell 16-year-old me that 10 years later, she'd be living in a quaint Portuguese town, she wouldn't believe me.
Persons: I'd, , Normandy —, Iman M'Fah, we've, We're, she'd Organizations: Service, Portugal we'd Locations: NYC, Portuguese, Portugal, Paris, New York, Normandy, France, Hawaii, Alaska, Brazil, Ericeira, York
A sign hangs outside of a Chick-fil-A restaurant on May 06, 2021 in Chicago, Illinois. Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original animated shows, scripted podcasts, games, recipes and e-books aimed at families. And for the last five years, it's released animated shorts on YouTube during the holiday season as part of its "Stories of Evergreen Hills" series. Why Chick-fil-A is betting on contentPeople walk past a Chick-fil-A restaurant on 8th Avenue on December 30, 2023, in New York City. Restaurants as media brandsA Chick-fil-A meal is displayed at a Chick-fil-A restaurant on June 01, 2023 in Novato, California.
Persons: Scott Olson, , it's, We've, we've, Dustin Britt, Chick, Gary Hershorn, Khalilah Cooper, McDonald's, Cooper, We're, Britt, Justin Sullivan Organizations: Getty, U.S, YouTube, CNBC, Evergreen, Corbis, Lions Locations: Chicago , Illinois, mealtime, Evergreen Hills, New York City, Novato , California
Serena Williams may have gotten her start on tennis courts in Compton, but she was born in Michigan. Take a look below and see the most famous athlete born in your home state. Grand Slam champion Serena Williams has a similar story; though she was raised on the tennis courts of Compton, California, she was born in Saginaw, Michigan, in 1981. In the meantime, we've listed of the greatest athlete from every state based on where they were born. AdvertisementTake a look below and see if you can guess the most iconic athlete from your home state.
Persons: Serena Williams, , Michael Jordan's, Williams, We'll, we've Organizations: Service, NBA, Angel City FC, Serena Ventures, Forbes Locations: America, Compton, Michigan, Chapel Hill, Chicago, Brooklyn , New York, Compton , California, Saginaw , Michigan
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