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An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. A fire broke out at Tesla 's vehicle assembly plant in Fremont, California on Monday afternoon, according to a statement from the Fremont Fire Department, posted on social network X. The Fremont factory is Tesla's first mass EV manufacturing facility. On May 17, 2024 Tesla celebrated a milestone for its Fremont factory in conjunction with their battery factory outside of Reno, Nevada, saying they had surpassed production of 3 million vehicles. Fires at the Fremont factory in the past have sometimes necessitated a pause in production.
Persons: Tesla, Tesla's Fremont Organizations: Tesla Fremont Factory, Fremont Fire Department, Elon, Fremont, Environmental Health, Safety, California Employment, Bay, Air Quality Management, CNBC Locations: Fremont , California, Fremont, Reno , Nevada, California, Tesla's, Alameda County
Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. 12 on this year's CNBC Disruptor 50 list, has now raised $1.6 billion to date. Existing investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management also participated in the round. Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology. Scale AI has evolved from labeling data used to train models that powered autonomous driving to now helping to improve and fine tune the underlying data for nearly any organization looking to implement AI, powering some of the most advanced models in use.
Persons: Elad Gil, Y Combinator, Nat Friedman, Alexandr Wang Organizations: CNBC, Accel, Cisco Investments, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Color Genomics, Meta, Ventures, Founders Fund, Spark Capital, Nvidia, Tiger Global Management, Wellington Management Locations: San Francisco, AGI
After years of renting houses in the Hamptons, Donna Lennard was ready to buy a place of her own in 2017. And she knew exactly where she wanted to live: on Gerard Drive, in the hamlet of Springs, N.Y., in the town of East Hampton. “It’s a peninsula,” said Ms. Lennard, the owner of Il Buco, the New York-born chain of restaurants and shops that she started with Alberto Avalle 30 years ago. “On one side is Gardiners Bay, facing Gardiners Island and Connecticut; then, on the other side, is Accabonac Harbor. So from one side to the other, you see water.”
Persons: Donna Lennard, Gerard, , , Lennard, Il Buco, Alberto Avalle Organizations: Hamptons Locations: Springs, N.Y, East Hampton, New York, Gardiners, Connecticut
CNN —The US Centers for Disease Control and Prevention is urging doctors to be on the lookout for potentially deadly meningococcal disease linked to travel to Saudi Arabia. Meningococcal disease is highly contagious among unvaccinated people. Meningococcal disease, including meningitis, is an uncommon illness caused by the bacteria Neisseria meningitidis. Meningococcal disease can be treated with antibiotics if it’s caught early enough. One such instance is before travel to countries where meningococcal disease is more common.
Persons: Prophet Muhammad, it’s, serogroup C, Dr, Sanjay Gupta Organizations: CNN, Centers for Disease Control, Research, CDC, Pfizer, Hajj, Health Alert Network, CNN Health Locations: Saudi Arabia, Mecca, United States, France, United Kingdom, People
This spring, a group of elected parent leaders in New York asked the city to review education department rules allowing transgender students to play on sports teams that align with their gender identity. The parent council — representing the diverse local District 2 that weaves through the West Village, Hell’s Kitchen and the Upper East Side — said that the current policies present “challenges to youth athletes and coaches” and fail to consider the “well-being of girls.”The schools chancellor, David C. Banks, called the proposal “despicable” and “no way in line with our values.”Democratic officials also have responded to the parent council swiftly, and angrily. In a letter made public on Monday, a coalition of 18 Democratic elected officials from New York called the proposal “hateful, discriminatory and actively harmful” to the city’s children. As officials in more conservative jurisdictions move to bar or restrict transgender athletes from competing, the resolution and ensuing backlash in New York illustrate how charged the issue is in one of the most heavily Democratic cities in the country.
Persons: , David C, Banks Organizations: Democratic Locations: New York
A long-shot effort by left-leaning New York state lawmakers to curtail financial support for Israeli settlements has drawn a big-name backer — but she doesn’t have a vote in Albany. Representative Alexandria Ocasio-Cortez, who rarely wades into state politics, publicly backed a bill on Monday that could strip New York nonprofits of their tax-exempt status if their funds are used to support Israel’s military and settlement activity. Her involvement underscores the extent to which the war in Gaza and Israel’s treatment of Palestinians more broadly have animated the left flank of the Democratic Party as a pivotal election approaches. “It is more important now than ever to hold the Netanyahu government accountable for endorsing and, in fact, supporting some of this settler violence that prevents a lasting peace,” Ms. Ocasio-Cortez said at a news conference. It was widely criticized by Albany lawmakers and declared a “nonstarter.” Now its sponsors say they plan to revise the bill to prohibit “aiding and abetting” the resettling of the Gaza Strip or providing “unauthorized support” for Israeli military activity that violates international law.
Persons: , Representative Alexandria Ocasio, Cortez, Netanyahu, ” Ms, Ocasio, Zohran Mamdani, Jabari Brisport, Organizations: Representative, Democratic Party, West Bank, Albany Locations: New York, Albany, York, Gaza, New York State
Last September, the New York Police Department signed a sweeping agreement in federal court that was meant to end overwhelming responses to protests that often led to violent clashes, large-scale arrests and expensive civil rights lawsuits. The sight of hundreds of officers in tactical gear moving in on pro-Palestinian demonstrators in Bay Ridge, Brooklyn, on Saturday suggested to civil libertarians that the department might not abide by the agreement when it is fully implemented. At least two officers wearing the white shirts of commanders were filmed punching three protesters who were prone in the middle of a crosswalk. And film clips of recent campus protests showed some officers pushing and dragging students, a handful of whom later said they had been injured by the police, though many officers appeared to show restraint during the arrests. “I think members of the public are very concerned that the police will be unwilling or unable to meet their end of the bargain,” said Jennvine Wong, a staff attorney with Legal Aid, which, along with the New York Civil Liberties Union, filed a lawsuit against the city over the department’s response to protests in 2020 after the killing of George Floyd.
Persons: , Jennvine Wong, George Floyd Organizations: New York Police Department, Legal, New, Civil Liberties Union Locations: Bay Ridge, Brooklyn
Growing up in Mexico, Marco Flores fantasized about the lowrider cars he saw in magazines, studying their colorful bodies and gleaming engine compartments. In a tribute, Mr. Flores eventually restored a Chevelle in electric blue — the same muscle car his father had owned — with the help of his children. Now his custom-made creations, which he designs and fabricates after work in his garage in Port Chester, N.Y., are featured in those same lowrider magazines. His blue Chevelle “represents my entire childhood and the passion I have for cars,” said Mr. Flores, 55, who works six days a week at a Mamaroneck auto body shop. Just as Mr. Flores shared his skills with his children, many fans embrace the scene as a family-friendly way to honor traditions and celebrate accomplishments, adding hydraulics in the trunk, bright paint across the body and iconography like Our Lady of Guadalupe on the hood.
Persons: Marco Flores fantasized, Chevrolet, Flores, , Guadalupe Locations: Mexico, Port Chester, N.Y, Los Angeles, Mexican
AdvertisementWhen I received the email stating that my position had been eliminated, I was already on my way to work. Camping in the car parkI worked really hard while I was at Tesla and wanted to be as efficient and productive as possible. In 2021, I started sleeping in my car and showering in the factory to avoid my lengthy commute. AdvertisementI was camping in the car between my work shifts for a whole year. I worked hard for them, but that does not mean I plan to give up being a hard worker.
Persons: , Nico Murillo, Tesla, doesn't, I'd, I've, It's Organizations: Service, Tesla, Business Locations: Fremont , California, GNC
When Did Teen Boys Get a Nose for $300 Cologne?
  + stars: | 2024-05-19 | by ( Callie Holtermann | ) www.nytimes.com   time to read: 1 min
On a recent trip to Sephora, 11-year-old Lincoln Rivera asked his mom for a $125 atomizer of Yves Saint Laurent eau de parfum. He also covets scents from Jean Paul Gaultier, which he learned about from the animated movie “Megamind,” and Paco Rabanne (some of its cologne bottles are shaped like robots). “I feel fine about how I smell,” said Lincoln, a fifth grader in Westchester County, N.Y., whose olfactory experimentation has so far been limited to deodorant. “But I could smell even better.”Abby Rivera, Lincoln’s mother, first thought the designer scents sounded like overkill for her son to wear to elementary school. She was surprised by his sudden interest until she heard that some of his hockey teammates had also been asking their parents for high-end cologne, too.
Persons: Lincoln Rivera, Yves Saint Laurent eau, Jean Paul Gaultier, Paco Rabanne, , Lincoln, Abby Rivera, Lincoln’s Organizations: Yves Saint Laurent eau de Locations: Sephora, cologne, Westchester County, N.Y
Winning in China's electric car market is no longer just about having the cheapest price. Despite new U.S. tariffs , the Chinese electric car industry is already moving into a new phase of competition no longer centered on sticker prices alone, many in the industry say. Hong Kong-listed Fuyao, a major supplier of glass for cars, is one of JPMorgan's top picks to take advantage of China's growing electric car market. The Shenzhen-listed Chinese battery giant, Contemporary Amperex Technology , is one of JPMorgan's top Chinese electric car supply chain plays. Last week, Chinese electric car company Nio released a new car in a lower-priced range of just over 200,000 yuan.
Persons: Stephen Dyer, AlixPartners, BYD, Xiaomi, Tesla, Nio, William Li, — CNBC's Michael Bloom Organizations: JPMorgan, Greater, Greater China Business, Amperex, Li Auto, Tesla Locations: Hong Kong, China, Greater China, Asia, Beijing, Shenzhen
Violent confrontations at a pro-Palestinian rally in Bay Ridge, Brooklyn, on Saturday reflected what some local officials and protest organizers called an unexpectedly aggressive Police Department response, with officers flooding the neighborhood and using force against protesters. At the rally, which drew hundreds of demonstrators, at least two officers wearing the white shirts of commanders were filmed punching three protesters who were prone in the middle of a crosswalk. One officer had pinned a man to the ground and repeatedly punched him in the ribs, a 50-second video clip shows. Another officer punched the left side of a man’s face as he held his head to the asphalt. The police arrested around 40 people who were “unlawfully blocking roadways,” Kaz Daughtry, the department’s deputy commissioner of operations, said on social media on Sunday.
Persons: ” Kaz Daughtry, Mr, Daughtry, , Organizations: Department, The Police Department Locations: Bay Ridge, Brooklyn
Michael Hay knew his mother was financially secure, but he didn’t fully know her situation until she was admitted to a hospital in August and he was granted her power of attorney. Even then, it wasn’t until his mother’s unexpected death, about a month later, that Mr. Hay understood that he and his two sisters were about to inherit a sum that would make a real difference in their lives. Nine months later, Mr. Hay, 47, says he’s still processing the shock of suddenly losing his 78-year-old mother while gaining an inheritance he wasn’t prepared to receive. “I still call it ‘my mom’s money’ even though it’s legally in my name,” said Mr. Hay, who works at a tech start-up and lives in Madison County, N.Y.Mr. Hay’s reaction to his sudden wealth is not unusual. “It is a big shock both emotionally and financially, and I don’t know that anyone is ever prepared,” said Kathryn Kubiak-Rizzone, founder of About Time Financial Planning in Rochester, N.Y. She recommends that beneficiaries not make any financial decisions for the first six months because they’re likely to still be grieving.
Persons: Michael Hay, Hay, wasn’t, , it’s, , Kathryn Kubiak, they’re Organizations: Mr, Financial Locations: Madison County, Rochester , N.Y
These tiny EVs are making a big impact
  + stars: | 2024-05-17 | by ( Tom Carter | ) www.businessinsider.com   time to read: +4 min
Here are some of the tiny EVs making a splash in Asia and Europe. AdvertisementChief among those is the Seagull, a tiny EV that can go 305 km on a single charge and costs $11,000. SOPA Images/Getty ImagesJapan has long had a soft spot for tiny EVs, known as Kei cars — and the Nissan Sakura is one of the most popular. BITechnically speaking, the Citroen Ami isn't an electric car at all, but an "electric quadricycle." The tiny microcar has been on sale in Europe since 2021, with a UK launch mooted for later this year.
Persons: , Nissan Sakura, Tesla, Aly Song, Reuters BYD, Elon, HECTOR RETAMAL, Citroen Ami, Citroen Ami isn't, Ami, Merlin Ouboter Organizations: Service, Nissan, Tesla, Ford, Business, Reuters, SAIC, General Motors, Japan, Citroen, BI, Getty Locations: China, Japan, Europe, Asia, Guang, Shanghai, France, London, Swiss
CNN —Donald Trump finally had a good day in court. But on Thursday, he got to savor his former fixer-turned-enemy Michael Cohen wobbling on the stand under a fearsome cross-examination. And now, the prosecution faces a stiff challenge in repairing the damage when they get to their redirect examination of Cohen’s testimony following the close of cross-examination next week. “I think it was a very interesting day, it was a fascinating day. And it also raises the possibility that some jurors might believe that they have been lied to by Cohen earlier in the trial.
Persons: Donald Trump, Michael Cohen wobbling, Cohen, Stormy Daniels, , ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Matt Gaetz, Trump, Todd Blanche, Blanche, Daniels, , Keith Schiller, Schiller, , ” Blanche, President Trump, doesn’t, , Juan Merchan, Nikki Lotze, “ Jim, Norm Eisen, ” Eisen, CNN’s Anderson Cooper, George Conway, ” Cohen, kingpins, Cohen’s Organizations: CNN, GOP, Trump, NYU Law, Florida, Conservative
Given this outlook, the firm lifted its price target to $70 from $65, reflecting 24% upside from Thursday's close. — Samantha Subin 6:20 a.m.: Citi trims price target on Roblox, cites slower bookings growth Citi cut its price target on Roblox to $40 from $52 a share as the gaming platform grapples with a deceleration in bookings growth. "We are updating our model to account for 1Q24 results and our latest outlook," wrote analyst Jason Bazinet. For 2025, Citi now expects bookings growth of 14% versus 21%, or 4% below consensus. The firm expects bookings growth of 10% in 2026, which is 11% below consensus.
Persons: Macquarie, Jefferies, Reddit, Ronald Josey, OpenAI, Josey, – Samantha Subin, Mark McLaughlin, McLaughlin, — Samantha Subin, Jason Bazinet, DAUs, Bazinet, Craig Siegenthaler, Siegenthaler, Robinhood, — Fred Imbert, Morgan Stanley downgrades Baidu, Morgan Stanley, Gary Yu, Yu, Ellie Jiang, JD, Jiang, Laurence Alexander, Alexander Organizations: CNBC, DuPont, OpenAI, Bank of America, Citi, Baidu, Macquarie, Jefferies, DuPont de Nemours Locations: China, 3Q24, Robinhood, Underperform, Thursday's, JD.com
At one point during the demonstrations at Columbia University in 1968, protesters took the acting dean of the liberal arts college hostage. Inevitably, questions around consequences for the student protests have become entangled in these contradictions. “Living and processing this distressing experience evokes various emotions and complex feelings which may affect your ability to focus and feel safe,” it read. But the only “distressing experience,” to her mind, was N.Y.U.’s decision to call in the police to quiet the protests in the first place. The office went on to promise “guidance, encouragement and support” for the problem it had created.
Persons: Barricading, Henry Simmons Coleman, Ellis Geary, Organizations: Columbia University, Navy, New York University, Students Locations: Gaza
Read previewChevrolet is just getting started on its takeover of the electric car market, says Steve Majoros, the brand's chief marketing officer. It's not exactly a great time to put more electric vehicles on sale. But the tides finally are turning in Chevrolet's favor, Majoros said, as EV shoppers gravitate to more practical options and legacy brands. Recent studies on a new cohort of electric car shoppers show that they are more inclined to consider purchasing an electric car from a legacy brand. After years of a virtual monopoly on the EV market, shoppers are growing tired of Tesla and looking for fresher options.
Persons: , Steve Majoros, Majoros, musing, Elon Musk, Elon Musk's Tesla, Tesla, We've Organizations: Service, longtime, Business, Silverado, Tesla, Chevrolet, Elon, EV, Detroit, GM Locations: Chevrolet's
Robert H. Dennard, an engineer who invented the silicon memory technology that plays an indispensable role in every smartphone, laptop and tablet computer, died on April 23 in Sleepy Hollow, N.Y. The cause of death, at a hospital, was a bacterial infection, said his daughter, Holly Dennard. Mr. Dennard’s pioneering work began at IBM in the 1960s, when the equipment to hold and store computer data was expensive, hulking — often room-size machines — and slow. He was studying the emerging field of microelectronics, which used silicon-based transistors to store digital bits of information. His discovery opened the door to previously unimaginable improvement in data capacity, with lower costs and higher speeds all using tiny silicon chips.
Persons: Robert H, Holly Dennard, Dennard’s, Dennard Organizations: IBM Locations: Sleepy Hollow
Try the following tips to learn to speak in a more authoritative way at work and even at home. Handy as this phrase may be, it's important to reduce the chances that anyone will interrupt you in the first place. Next time a Trevor interrupts, you can jump in: "Maryann was speaking, Trevor. John Bowe is a speech trainer, award-winning journalist, and author of "I Have Something to Say: Mastering the Art of Public Speaking in an Age of Disconnection." Take CNBC's new online course Become an Effective Communicator: Master Public Speaking.
Persons: Handy, Trevor —, Trevor ! Bam, I've, Trevor, I'd, you've, John Bowe Organizations: Yorker, The New York Times Magazine, GQ
NIO launches its second brand ONVO and its first model L60 on May 15. SHANGHAI — Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li told reporters Thursday. Nio launched its lower-priced brand Onvo on Wednesday with a new L60 SUV that's about $4,000 cheaper than Tesla's Model Y. "For example, in Europe we previously used a direct sales method," said Li, who founded Nio about 10 years ago. That can include local distribution or production, Li said, describing the strategy overall as "global capability, local operation."
Persons: Ai Tiecheng, NIO, ONVO, William Li, Li, Nio, BYD Organizations: NIO, CNBC, GAC's Locations: Shanghai, China, SHANGHAI, Europe
Dear Tripped Up,In September 2022, I booked a 17-day Arabian Sea cruise through Vantage Travel Services to celebrate my 80th birthday with my wife. I used my credit card to leave a $2,000 deposit and paid the remaining $17,905 shortly afterward by bank transfer. I also bought the Worldwide Trip Protector plan from Travel Insured International (for $1,954), in part because it covered financial default and bankruptcy of cruise lines. My credit card returned the $2,000, and I filed an insurance claim for $17,905. For nearly five months, Travel Insured International and its parent company, Crum & Forster, did not respond to my detailed inquiries.
Persons: Michael, Forster, Amy Whilldin, Organizations: Vantage Travel Services, Travel, Vantage, New York State Department of Financial Services, Crum, New York Department of Financial Services, New York Locations: Smithtown, Boston, New York, Pennsylvania, New York State
In this article 9866-HK Follow your favorite stocks CREATE FREE ACCOUNTChinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's comparable Model Y. Elon Musk's electric SUV has been one of the best-selling pure battery-powered electric cars in China. watch nowFierce competition in China's electric car market has invited new entrants and prompted many companies to cut prices. Smartphone company Xiaomi in late March entered the electric car market with its SU7 sedan to rival Tesla's Model 3 with a price that was also about $4,000 cheaper.
Persons: Nio, Evelyn Cheng SHANGHAI, William Li, Onvo, CNBC's Eunice Yoon, Elon, Xiaomi, BYD, Li, Biden, Tesla Organizations: HK, CNBC, Onvo's, Tesla's, Elon Musk's Locations: Shanghai, China, Europe, .
John Barbata, the drummer for the Turtles, Jefferson Airplane, and Crosby, Stills, Nash and Young, who walked away from rock music at the height of his career, has died. His death was announced in a social media post by Jefferson Airplane on Monday. A cause of death was not given and a list of survivors was not immediately available. Mr. Barbata joined the Turtles after leaving his high school band and enjoyed success almost immediately, drumming on the band’s best-known track, “Happy Together,” released in 1967. “I heard that the Turtles were looking for a drummer, they called me down to the studio to try me out on some session work, the first song we recorded was ‘Happy Together,’” Mr. Barbata wrote on his now defunct website, archived by web.archive.org.
Persons: John Barbata, Crosby, Stills, Nash, Young, Barbata, , , Organizations: Jefferson
Apriora's tech uses conversational AI to conduct job interviews. The startup, which just graduated from Y Combinator, raised a $2.8 million seed round. We got an exclusive look at the presentation Apriora used to raise its seed funding. AdvertisementJob seekers are already using ChatGPT to prepare for job interviews, and one startup is working to even the playing field by bringing AI tools to hiring managers. Apriora, a startup that uses conversational AI to conduct job interviews, just announced its $2.8 million seed funding round led by 1984 Ventures.
Persons: Y, , Dan Gross Organizations: Service, 1984 Ventures, Pioneer Fund, Business Locations: HOF Capital
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