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☆ Elon Musk is going hardcore again
▼ + stars: | 2024-04-30 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Elon Musk said Tesla needs to be "absolutely hard core about headcount," The Information reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk wants there to be no doubt that Tesla needs to be "hardcore." This isn't the first time Musk has sent a threatening late-night email to his employees or talked about the importance of a "hardcore" culture. AdvertisementThe latest cuts at Tesla arrive weeks after Musk announced Tesla layoffs that would impact more than 10% of its workforce.

Persons: Elon Musk, Tesla, Musk, —, Rebecca Tinucci, Daniel Ho, Tinucci Organizations: Service, Twitter, EVs

☆ Tesla's Cybertruck is getting a big update that improves off-roading and camping
▼ + stars: | 2024-04-30 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Tesla will soon roll out updates to improve the Cybertruck's camping and off-roading capabilities. The updates include the Off-Road Mode and a new feature for leveling suspension in CyberTent Mode. On-road updates include a slippery surface feature and adjustable suspension based on weight. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The update is "rolling out soon," according to Tesla, and introduces a new Off-Road Mode along with some further improvements to the EV's handling and camping experience.

Persons: Tesla, — Organizations: Service

☆ As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing market
▼ + stars: | 2024-04-29 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose to 7.17% for the week ending April 25, according to Freddie Mac data via the Federal Reserve. It remains unclear when the Federal Reserve might make its first rate cut. "I believe our first rate cut is penciled in for July," said Matthew Walsh, assistant director and economist at Moody's Analytics. "We might not see rates fall in any meaningful way until [the] later half of this year," he said.

Persons: Freddie Mac, Matthew Walsh, Walsh Organizations: Federal Reserve, Moody's Analytics, Finance

☆ A tiny low-cost airline you may not have heard of is expanding to 10 new cities. We asked its CEO what to expect.
▼ + stars: | 2024-04-29 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Avelo Airlines continues to expand its fleet and routes, adding 10 new destinations on May 1. As Avelo strives for its third profitable quarter, the CEO says the airline is focused on itself. AdvertisementWhen low-cost newcomer Avelo Airlines launched its first flight three years ago, it had just three Boeing 737 Next-Generation jetliners and served 11 West Coast destinations. Business Insider spoke to Avelo CEO Andrew Levy about what makes the growing airline different from other low-costs and what customers can expect on board its planes. Avelo Airlines' route map.

Persons: Avelo, —, Andrew Levy, Jim Olson, Louis, Walt, we've, Levy, Joe Scarnici Avelo, he's Organizations: Avelo Airlines, Service, Boeing, Alaska Airlines, Business, Concord, Houston Hobby, Walt Disney, Universal Studios, Delta, Avelo, JetBlue Airways, Airlines, BI, Frontier Locations: Burbank , California, Sonoma County, Boise, Idaho, Montana, Albany, Atlanta, Charlotte , North Carolina, Destin, Knoxville, Lakeland, Central Florida, Miami, St, Traverse City , Michigan, Orlando, New Haven, Connecticut, New York City, Hartford, Boston, Alaska

☆ I got offers from Microsoft, Meta, and Google. Here's why I chose Google.
▼ + stars: | 2024-04-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

A recent tech grad received offers from Google, Meta, and Microsoft. Meta initially offered $210,700 in total compensation, but Google offered other appealing benefits. Right as I was about to accept my offer from Meta, Google let me know that they found a match for me. I would have chosen Google either wayIf Google didn't increase its total compensation offer, I would've had a really tough decision to make. Before college and working in tech, Google was a name that stood out to me.

Persons: —, FANG, Meta, would've Organizations: Google, Microsoft, Meta, Service, Facebook, Netflix

☆ New home sales inch higher despite 7% mortgage rates: 'There's more opportunity,' economist says
▼ + stars: | 2024-04-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

While the spring housing market has been plagued with low supply, high prices and spiking interest rates, would-be homebuyers are focusing on new construction. New homes have more incentives and availability than previously owned ones. "There's more opportunity in new construction," said Nicole Bachaud, a senior economist at Zillow Group. Meanwhile, sales for previously owned homes dropped by 3.7% from March 2023, the National Association of Realtors found. With 30-year fixed-rate mortgage rates sitting above 7%, homeowners who bought at much lower rates in recent years don't like the prospect of trading in their low rate for a higher one.

Persons: Nicole Bachaud, Biden, Bachaud Organizations: Zillow, . Census, U.S . Department of Housing, Urban Development, National Association of Realtors, Finance, Buyers Locations: U.S

☆ Tesla driver said he was using Autopilot when he fatally hit a motorcyclist
▼ + stars: | 2024-04-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewA 56-year-old Tesla Model S driver said he was using Autopilot when he hit and killed someone on a motorcycle last week about 15 miles outside Seattle. The driver told a Washington State Patrol trooper that he was in Autopilot mode and looked at his cellphone while the Tesla was moving, according to the CNBC report. In December, Tesla recalled over two million vehicles to update the Autopilot software. It's not known whether the driver involved in the Washington accident had the software update installed in his Tesla. AdvertisementTesla's website states Autopilot mode does not make the vehicle autonomous and drivers must use additional caution and pay attention.

Persons: —, Tesla Organizations: Service, Tesla, The Washington State, CNBC, Business, Washington State Patrol, Traffic Safety Administration, NHTSA Locations: Seattle, Washington

☆ Xi Meets Blinken With Tough Issues on the Agenda
▼ + stars: | 2024-04-26 | by ( Ana Swanson | Vivian Wang | ) www.nytimes.com time to read: +1 min

Both China and the United States have said they were hoping for progress on a few smaller, pragmatic fronts, including improving communications between their militaries and easing travel between the countries. But they remain at a standstill on fundamental strategic issues, including trade policies and territorial conflicts in the South China Sea and over Taiwan. And with other disputes looming, both sides acknowledged the danger of the relationship sliding into further conflict. The Biden administration is deeply concerned that cheap Chinese exports are threatening U.S. jobs, and is worried about China’s support of Russia in the Ukrainian war. And China has accused the United States of working to encircle Chinese interests in the Pacific.

Persons: Antony J, Blinken, Xi Jinping, Biden Locations: Beijing, East Asia, East, Ukraine, China, United States, South, Taiwan, Russia, Pacific

☆ Congestion Pricing Will Start on June 30 in New York City, M.T.A. Says
▼ + stars: | 2024-04-26 | by ( Ana Ley | More About Ana Ley | ) www.nytimes.com time to read: +1 min

The first congestion pricing program in the United States will begin in New York City on June 30, the Metropolitan Transportation Authority announced on Friday, signaling the possible end of a bitter fight over a plan that promises to ease some of the worst traffic in the nation. With months still to go before the program’s scheduled rollout, legal and political clashes still threaten to dilute or stop it altogether. Philip D. Murphy of New Jersey, influential unions and some elected New York City officials — have ratcheted up a long-running effort to keep congestion pricing from taking effect. Under the program, most passenger cars will be charged $15 a day to enter a congestion zone below 60th Street in Manhattan. Taxi fares would increase by $1.25, and Uber and Lyft fares would rise by $2.50.

Persons: Philip D, Murphy, Uber Organizations: Metropolitan Transportation Authority, Gov, New York, Trucks Locations: United States, New York City, Murphy of New Jersey, Manhattan

"It resonates with both millennials and Gen Zers, which I think indicates that Gen Z is feeling the same 'girl-boss' pressures that millennials famously grew up with," said Casey Lewis, a social media trend forecaster. "I'm a millennial and I grew up like I needed to maximize every minute of the day," Lewis said. And yet, even in cases where women are now breadwinners, the division of labor at home has barely budged, the Pew report found. "But we also live in an environment of layoffs and rising costs, so not being productive isn't really an option," she added. Even though you're not reading the news, you're still seeing how the economy is impacting peers.

Persons: Taylor Swift, “ Midnights, Kevin Mazur, Gen Zers, millennials, Casey Lewis, Eve Rodsky, Taylor, Lewis, That's, Heather Boneparth, Gen Organizations: Crypto.com Arena, Poets Department, Pew Research Center, U.S . Bureau of Labor Statistics Locations: Los Angeles

☆ Meta's AI is now in your Instagram and Facebook. Here's what it does — and whether you can turn it off
▼ + stars: | 2024-04-25 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Meta introduced its AI-powered chatbot Meta AI across its social media and messaging platforms. The prompt "ask Meta AI anything" shows up whenever you click on the search bar in Instagram and Facebook. But despite being available on the app, Meta AI isn't automatically connected to your social media accounts or personal information. Unlike other chatbots that you can use at your own will, you can't get rid of Meta AI. And on WhatsApp and Messenger, users can just ignore the Meta AI chats since they're not available in the search bar.

Persons: Meta, —, Mark Zuckerberg, Zuckerberg, Ana Altchek Organizations: Gemini, Service, Facebook, Apple, Meta Locations: Instagram

☆ Blinken Tours China to Promote Some Ties, While the U.S. Severs Others
▼ + stars: | 2024-04-25 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

It all went to emphasize the kind of economic, educational and cultural ties that the United States is pointedly holding up as beneficial for both countries. But hanging over those pleasantries during his visit to China this week are several steps the U.S. is taking to sever economic ties in areas where the Biden administration says they threaten American interests. Even as the Biden administration tries to stabilize the relationship with China, it is advancing several economic measures that would curb China’s access to the U.S. economy and technology. It is poised to raise tariffs on Chinese steel, solar panels and other crucial products to try to protect American factories from cheap imports. The president signed it on Wednesday, though the measure is likely to be challenged in court.

Persons: Antony J, Blinken, Biden, ByteDance Organizations: New, Biden Locations: Shanghai, New York, United States, China, U.S, Beijing

Secretary of State Antony J. Blinken is meeting officials in China this week as disputes over wars, trade, technology and security are testing the two countries’ efforts to stabilize the relationship. China is courting foreign investment to help its sluggish economy. At the same time, its leader, Xi Jinping, has been bolstering national security and expanding China’s military footprint around Taiwan and the South China Sea in ways that have alarmed its neighbors. Mr. Biden and Mr. Xi have held talks to prevent their countries’ disputes from spiraling into conflict, after relations sank to their lowest point in decades last year. But an array of challenges could make steadying the relationship difficult.

Persons: Antony J, Blinken, Biden, Xi Jinping, Xi Locations: China, United States, Taiwan, South

It shows a curated look at women embracing domesticity as the antithesis of what other young women are experiencing, who are "working hard and barely scraping by," said Casey Lewis, a social media trend forecaster. Evidence shows this is something few women are actually doing, and it's not a realistic lifestyle to aspire to. Young women, whether they're married or not, are expressing a desire to "take a step out of the professional rat race," Lewis said. "There's a lot of pressure on young women," she said. In cases where men are the primary breadwinners, it's more often women who take on the bulk of the caretaking responsibilities, experts say.

Persons: Casey Lewis, it's, Stacy Francis, Eve Rodsky, tradwives, Rodsky, Francis, Heather Boneparth, they're, Lewis, Julia Pollak, Pollak Organizations: Francis Financial, CNBC's, Berkeley Haas Center for Equity, Gender, Pew Research Center, Intuit, ZipRecruiter, Bureau of Labor Statistics Locations: New York, millennials, U.S

☆ Mark Zuckerberg appeared to take a shot at Apple's Vision Pro
▼ + stars: | 2024-04-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg appeared to take a jab at Apple's Vision Pro during Meta's Q1 earnings call. AdvertisementMeta CEO Mark Zuckerberg seemed to take a hit at Apple's Vision Pro in Meta's first-quarter earnings call on Wednesday. The comment appears to show his skepticism of the potential success of a product like Apple's Vision Pro. While Meta's Quest virtual reality headset competes with Apple's Vision Pro, Zuckerberg has said before that he doesn't imagine a future of people walking around with virtual reality headsets. Zuckerberg isn't the one executive at the tech giant to drag the Apple Vision Pro.

Persons: Mark Zuckerberg, —, Zuckerberg, Andrew Huberman, It's, Andrew Bosworth Organizations: Apple's, Ray, Service, Meta, Apple Vision, Vision Locations: Meta's

☆ Meta's AI plans are costing way more than they thought
▼ + stars: | 2024-04-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +2 min

The report said costs are expected to increase as the company invests "aggressively" in AI. Meta also cited higher infrastructure and legal costs as the factors behind the increase. AdvertisementMeta's first-quarter earnings report reveals the company's AI plans are costing more than anticipated. It's also coming from product development and legal costs. AdvertisementReality Labs is a division of Meta that focuses on human-computer products through virtual reality headsets and augmented reality glasses.

Persons: Meta, —, Meta's, It's, Max Willens, it's, Willens Organizations: Service, Meta, Reality Labs, Business, Companies

☆ Google's controversial move to kill the web cookie just got delayed until 2025
▼ + stars: | 2024-04-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Google delayed the removal of third-party cookies from Chrome again. AdvertisementGoogle is delaying its removal of third-party cookies on Chrome — again. Third-party cookies are small data files stored on a user's device. Related storiesIn January, Google experimented with phasing out cookies for 1% of Chrome users, which is about 30 million people. "We welcome Google's announcement clarifying the timing of third-party cookie deprecation," a CMA spokesperson told BI.

Persons: —, It's, hinging, Stephen Almond, Almond Organizations: Google, CMA, ICO, Service, Apple, Mozilla, Chrome, Markets Authority, Consumers Locations: aaltchek@insider.com

☆ Japan Airlines first female CEO hopes more women make it to the top
▼ + stars: | 2024-04-24 | by ( Hanako Montgomery | Helen Regan | ) edition.cnn.com time to read: +6 min

Tokyo/Hong Kong CNN —Mitsuko Tottori admits Japan has much more to do to get people like her into the chief executive seat. Tottori was named as the first female president and chief executive of Japan Airlines (JAL) in January, crowning a career that began nearly 40 years ago when she joined the airline as a flight attendant. Tottori, pictured in 1985 using an in-flight phone, began her career as a cabin attendant at Japan Airlines. Japan Airlines' A350 airplane is on fire at Haneda international airport in Tokyo, Japan January 2, 2024. They really followed the instructions of the flight crew calmly, which I think was a big factor.

Persons: Mitsuko Tottori, ”, “, Tottori, Issei Kato, Shukor Yusof, Seijiro Takeshita, ’, ” Takeshita, — CNN’s Junko Ogura, Mayumi Maruyama, Juliana Liu Organizations: Hong Kong CNN, Japan Airlines, JAL, “, CNN, University of Tokyo, Women’s Junior College, Boeing, Airbus, Haneda, Endau, ”, Japan Inc, University of Shizuoka, ANA, All Nippon Airways Locations: Tokyo, Hong Kong, Japan, Tottori, “ Japan, Nagasaki, Haneda, Osaka, Asia, Myanmar, Fiji

☆ Early retail bulls chart Nvidia's transformation from gaming icon to AI superpower — a ride that's paid for cars, dream homes, and lavish vacations
▼ + stars: | 2024-04-23 | by ( Ana Altchek | Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Nvidia has been a cash cow for retail investors lucky enough to buy before the huge AI-fueled rally. Early retail investors told Business Insider their gains have paid for cars, vacations, and dream homes. The stock's steep climb — up over 1,500% since 2019 — has transformed the lives of some of Nvidia's long-term retail investors, resulting in comfier retirements, new cars, and gains worth millions for some. Nvidia shares tumbled by more than 30% in 2018. That sense of security that such a windfall provides was the top theme among the Nvidia investors Business Insider connected with.

Persons: —, I'm, ChatGPT, Tom, he'll, Danial hadn't, Danial, Roth, Jeff Roberts, Rick, He's, Chris Downs, Downs, he's Organizations: Nvidia, Business, Service, Vanda Research, Apple, Invest, Mexico City Locations: New Jersey, Texas, Costa Rica, Missouri, Bolivia, Paris, Mexico, Spain

☆ Ana Estrada: Peruvian woman becomes first person in country to die by euthanasia
▼ + stars: | 2024-04-23 | by ( Abel Alvarado | Jimena De La Quintana | ) edition.cnn.com time to read: +2 min

CNN —A Peruvian woman with an uncurable disease that left her bed ridden and requiring round-the-clock care has become the first person in the country to die by euthanasia. Euthanasia is prohibited in Peru, but in February 2021, a Peruvian court ordered health authorities to “respect Estrada’s decision” to end her life through the medical procedure of euthanasia. It was the first time in the country’s history that its justice system recognized and authorized a person’s right to end their life. A psychologist by profession, Estrada suffered from polymyositis, a chronic and degenerative disease that affected her muscles, preventing her from speaking and leaving her bed ridden. “Ana’s legacy will live in the minds and hearts of many people and in the history of our country,” the family’s statement read.

Persons: Ana Estrada, “, ”, Walter Gutierrez, Estrada, ” Gutierrez, Estrada “ Organizations: CNN Locations: Peruvian, Peru, polymyositis

☆ Mark Penn's Stagwell Group is on the hunt for adtech as the ad company continues its acquisition spree
▼ + stars: | 2024-04-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Stagwell Group, the advertising agency holding group operated by Mark Penn, a former advisor to Bill and Hillary Clinton, is actively looking to buy adtech companies as it continues to grow through acquisitions. Penn's theory is that by bringing such adtech in-house, Stagwell can offer more self-service software to advertisers who want it while also shrinking those clients' ad prices and expanding its own margins. Challenger brand Stagwell is competing for bigger contractsPenn founded Stagwell Group in 2015 with $250 million in funding from investors, including former Microsoft Chief Executive Steve Ballmer. Stagwell recently made a near-$700-million bid for S4 Capital, another challenger ad company founded by longtime WPP CEO Martin Sorrell, The Wall Street Journal reported. Publicis Groupe has the biggest market capitalization of the largest holding companies, at $28.2 billion, while Stagwell is trading at around $1.6 billion.

Persons: Mark Penn, Bill, Hillary Clinton, Penn, we're, Stagwell, Penn didn't, Ana Milicevic, Milicevic, Brian Wieser, Wieser, Steve Ballmer, Sunny, GALE, Allison, Martin Sorrell, they're Organizations: Stagwell, Penn, Business, Google, Harris Poll, Next Partners, Sparrow, Madison, Challenger, Stagwell Group, Microsoft, MDC Partners, WPP, Publicis Groupe, Veritas, S4 Capital, Street Journal, S4, EMEA Locations: adtech, London

☆ I work in the Alaska mining industry. I sometimes get paid in gold, but the job comes with long hours and grueling conditions.
▼ + stars: | 2024-04-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

I moved to Alaska from Oregon to find work opportunities in the mining industry about 20 years ago. In Alaska, rotational work cycles can last up to six weeks with no break. During that time, I made just over $1,800 a week working nearly 82 hours a week. AdvertisementMy work opportunities are now limitedI plan to go back to rotational work after a year or two to enjoy life a little more. Then, I want to return to rotational work to have more time to enjoy life.

Persons: Justin Peterson, —, I've, I'm, Justin Peterson I've Organizations: Service, Mining Locations: Alaska, Oregon, There's, Australia, Anchorage, Fairbanks, North, Wasilla , Alaska, Colorado

☆ Tesla's $100,000 Cybertruck needs a hole drilled through the accelerator pedal for safety
▼ + stars: | 2024-04-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Tesla has a solution to the Cybertruck gas pedal issue that caused a recall. A user on X posted a 35-second video drilling a hole into the gas pedal to fix the issue. AdvertisementTesla has a solution to the gas pedal problem that caused the company to hit the brakes on Cybertruck deliveries. According to Tesla's recall bulletin, when a high amount of force is applied to the gas pedal, the pad may slip off and get trapped in the interior rim above the pedal. The "35 second recall fix," shows a worker drilling a hole into the gas pedal and securing the pad with a rivet.

Persons: Tesla, — Organizations: Service, Tesla, Santa Locations: California, Santa Clarita Valley

☆ Nowhere for the water to go: Dubai flooding shows the world is failing a big climate change drainage test
▼ + stars: | 2024-04-21 | by ( Michelle Castillo | ) www.cnbc.com time to read: +2 min

The Dubai flooding last week illustrated how urban engineering is failing a major climate change test. The United Arab Emirates' city and others like it built on previously uninhabitable areas reflect 20th century urban development ideas that result in the blocking of natural water absorption systems. What's known is that Dubai was built on sand, a natural environment which lets water seep into the soil very easily. But by pouring massive amounts of concrete on top of Dubai's natural terrain, the developers effectively blocked the soil from absorbing water. Plastic products don't absorb water well, and when they end up in landfills around the world, massive piles of trash contribute to a global backup of natural drainage systems.

Persons: Ana Arsky, Arsky Organizations: United Arab, UAE, CNBC Locations: Sharjah, UAE, Dubai, United Arab Emirates, it's

☆ Golden Visa Programs, Once a Boon, Lose Their Luster
▼ + stars: | 2024-04-21 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

But when she started looking at houses in the same village, almost everything was priced at more than 500,000 euros. The amount — nearly 20 times more than the average annual salary in Spain — happens to correspond to the cost of the country’s “golden visa,” a program that offers residency to wealthy foreigners who buy real estate there. “There’s nothing I can afford,” said Dr. Barba, an allergist who has been working 100 hours overtime every month to save up a nest egg. “If foreigners inflate the prices for those of us who live here, it’s an injustice,” she said. Faced with growing pressure to address its housing crunch, Spain said this month that it would scrap its golden visas, the latest in a wider withdrawal from the program by governments around Europe.

Persons: Ana Jimena Barba, Spain —, ”, Barba Locations: Madrid, Spain, Europe

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