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☆ Don't drop your Apple Vision Pro. Repairs can cost up to $2,399.
▼ + stars: | 2024-01-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Repairs to the Apple Vision Pro will be expensive. Without the company's AppleCare+ insurance policy, fixes can cost up to $2,399. AdvertisementApple Vision Pro repairs could get pricey. Apple Vision Pro repairs could get expensive without an insurance policy. AppleEven with the AppleCare+ policy — which costs $499 for two years of coverage or $24.99 per month — the repairs would cost about $299, according to Apple.

Persons: —, you'll, preorders, Tim Cook Organizations: Apple Vision, Service, Vision, Apple, Pro, Apple Watch

☆ Cramer taps Eli Lilly as a new member of the 'Magnificent Seven' if Tesla earnings falter
▼ + stars: | 2024-01-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday suggested Tesla could lose its spot in the "Magnificent Seven" megacap stocks list. If Tesla falls out of favor, he said he thinks pharmaceutical giant Eli Lilly is a solid contender to take the company's place. The other members of the Magnificent Seven include Apple , Amazon , Alphabet , Meta , Nvidia and Microsoft . "We're ready no matter what, but to ignore the decline of Tesla or the advance of Eli Lilly is to reject the facts," Cramer said. At nearly $600 billion, Eli Lilly leads the pharmaceutical industry in terms of market capitalization.

Persons: CNBC's Jim Cramer, Tesla, Eli Lilly, Cramer, FactSet, there's, Hertz, Ken Langone, Lilly Organizations: Big Tech, Apple, Nvidia, Microsoft, EV, General Motors, Honda Motor Locations: U.S

☆ Earnings playbook: Your guide to the biggest reports this week, including Netflix and Tesla
▼ + stars: | 2024-01-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.

Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, —, Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe

Activist investor Nelson Peltz is stating his case for joining Disney 's board. The proxy battle comes as Iger tries to streamline the sprawling media company to rein in spending and make its Disney+ streaming platform profitable. Peltz reiterated in a CNBC "Squawk Box" interview Thursday morning that he believes Disney's current board oversight is "awful." Peltz and Rasulo aim to execute a clear vision for the brand's theme parks, targeting "high-single digit operating income growth," according to the filing. Peltz told CNBC on Thursday that he paid a visit to Disney World last week.

Persons: Nelson Peltz, Peltz's, Peltz, Jay Rasulo, they'd, Rasulo, Bob Iger's, Bob Chapek, Trian, Iger, that's Organizations: Disney, Peltz's Trian Fund Management, Netflix, CNBC, ESPN, Hollywood Studios, CNBC PRO Locations: Kingdom

☆ These 14 cheap stocks are off to a great start in 2024. Wall Street sees two jumping more than 30%
▼ + stars: | 2024-01-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Yet, shares in some companies are trading at steeper discounts than they have in recent history, presenting an opportunity for investors. The recent gains have led to bulls and bears claiming the stock market is overheated , making stock-picking a significant challenge. Amazon shares also featured on the CNBC Pro's stock screen despite rising by about 75% in 2023. The e-commerce giant's shares still remain more than 15% below their high in 2021 despite the company's continued growth. Analysts expect the stock to rise 18% over the next 12 months.

Persons: Intesa Organizations: CNBC Pro, FactSet, CNBC, Nvidia, AstraZeneca, Isuzu, ARC Resources, Tourmaline Locations: Swedish

☆ Google CEO Sundar Pichai says the tech giant's staff must brace for more job cuts in 2024
▼ + stars: | 2024-01-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Google CEO Sundar Pichai wrote in an internal memo that there'll be more "role eliminations" in 2024. The tech giant laid off hundreds of staff working on its devices and services in January. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle CEO Sundar Pichai says there will be more layoffs at the search giant in 2024.

Persons: Sundar Pichai, —, Pichai, Alex Heath Organizations: Google, Service, Business

☆ Amazon entertainment layoffs stir 4 big questions for insiders about the tech giant's Hollywood ambitions
▼ + stars: | 2024-01-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The layoffs hit Prime Video and the Amazon MGM Studios division, with many of the cuts related to Amazon's $8.5 billion acquisition of MGM in 2022, the second biggest deal in the tech giant's history. The layoffs, combined with other factors straining the entertainment business — from strikes to content spending pullbacks — have heightened concerns about the future of the company's entertainment ambitions. These are the questions that came up the most about that future, according to conversations with six people close to Prime Video and Amazon MGM Studios. As part of the layoffs, two MGM teams were integrated under Chris Brearton, a business-side exec who joined Amazon with the MGM acquisition in 2022. How will sports impact original content spending?

Persons: what's, Jen Salke, Freevee, didn't, Who's, Chris Brearton, Salke, Mike Hopkins, What'll, there's Organizations: Amazon, Amazon MGM Studios, MGM, Amazon's, Hollywood Reporter, Hollywood, Diamond Sports, MLB, NHL, NBA Locations: Salke, Africa, MENA, Northern, Central

☆ Here are Thursday's biggest analyst calls: Apple, Netflix, Nvidia, Meta, Rivian, Costco, Hertz, Microsoft & more
▼ + stars: | 2024-01-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America upgrades Apple to buy from neutral Bank of America said AI and Vision Pro should drive upside for Apple. Bank of America reiterates Microsoft as buy Bank of America raised its price target on Microsoft to $450 per share from $430. Guggenheim reiterates Target as buy Guggenheim said Target is well positioned in 2024. Bank of America names Harley Davidson a top pick Bank of America said the motorcycle company is well positioned for 2024. " Bank of America reiterates ServiceNow as a top pick Bank of America said the stock remains a top idea for 2024.

Persons: KBW downgrades Charles Schwab, KBW, Mizuho, Robinhood, ., DA Davidson, Baird, Rivian, Wolfe, it's, Wells, it's bullish, Bernstein, Guggenheim, Piper Sandler, Tempur Sealy, TPX, CFRA, Harley Davidson, Oppenheimer, Morgan Stanley, Hertz, ServiceNow, Argus, Salesforce, Mike Blake Organizations: UBS, Netflix, Bank of America, Apple, of America, Nvidia, Semiconductors, Barclays, Red Rock Resorts, Vegas Locals, Microsoft, Guggenheim, Citi, JetBlue, Spirit, Costco, Piper, Palo Alto Networks, Paramount, Nasdaq, Hertz, Blackrock, Amazon, Deutsche Bank, Deutsche, JPMorgan Locations: repurchases, Palo, Palo Alto, Southeast China, 1H24, Los Angeles

☆ What activist investor Nelson Peltz can bring to the board of underperforming Disney
▼ + stars: | 2024-01-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company's upcoming annual meeting. Trian oversees about $3 billion worth of Disney stock. The board oversight is awful," the activist investor told Jim, who agrees. In March 2018, Peltz joined the board of Procter & Gamble — a relationship that led to market share gains and improved financial performance. Peltz has been pushing Disney board representation since the beginning of 2023 .

Persons: Trian, Nelson Peltz, Peltz, Jay Rasulo, Disney, Morgan Stanley, James Gorman, Ike Perlmutter's, Bob Iger, Jim, we've, Procter & Gamble, there's, Iger, Bob Chapek, Jim Cramer's, Jim Cramer, David A Organizations: Trian Partners, Disney, Marvel Entertainment, missteps, CNBC, ESPN, DIS, Procter &, Netflix, Alpha, Grogan Locations: New York

☆ China's BYD launches AI-powered smart car technology to better compete with rivals
▼ + stars: | 2024-01-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Visitors look at an BYD Seal U electric car of Chinese car brand BYD at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. BYD launched its AI-powered smart car system on Tuesday as the world's largest electric car maker seeks to better compete with rivals on advanced technologies such as automated parking. The Xuanji smart car system "perceives changes inside and outside the vehicle in milliseconds" thereby "enhancing driving safety and comfort," the firm said in a statement on Tuesday. The Chinese EV giant's Shenzhen-listed shares shed more than 2% on Wednesday in a broader decline in the China stock market. A price war and intensifying competition in the Chinese EV market have squeezed profitability for China's EV makers including BYD, Nio, Xpeng and Li Auto.

Persons: BYD, Wang Chuanfu, Tesla, Li Auto Organizations: Integrated Vehicle Intelligence, Weibo, EV giant's Shenzhen, EV, China's, Li Locations: Munich, Germany, U.S, China, Shenzhen

SAN FRANCISCO (AP) — Newly unredacted documents from New Mexico's lawsuit against Meta underscore the company's “historical reluctance” to keep children safe on its platforms, the complaint says. Child safety is an explicit non-goal this half” (likely meaning half-year), according to the lawsuit. A March 2021 child safety presentation noted that Meta is “underinvested in minor sexualization on (Instagram), notable on sexualized comments on content posted by minors. Last week, the company announced it will start hiding inappropriate content from teenagers’ accounts on Instagram and Facebook, including posts about suicide, self-harm and eating disorders. Meta CEO Mark Zuckerberg, along with the CEOs of Snap, Discord, TikTok and X, formerly Twitter, are scheduled to testify before the U.S. Senate on child safety at the end of January.

Persons: Raúl Torrez, Meta, Meta “, ”, Instagram, ” Instagram, Arturo Béjar, “, it’s, Mark Zuckerberg Organizations: FRANCISCO, Meta, Facebook, Apple, ”, National Center for, U.S . Senate Locations: New, —, Instagram, Menlo Park , California

☆ Apple overtakes Samsung as top seller of smartphones
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: +1 min

The new Apple iPhone 15 on display inside the tech giant's flagship store in Regent Street, central London. A slower-than-expected recovery in China, the world's largest smartphone market, also weighed on overall phone sales. Apple and Transsion were the only brands in the top five to record growth in shipments last year, when the market declined 3.2% to 1.17 billion units and hit a decade low. Apple, however, is facing pressure in China from a resurgent Huawei as well as from budget Chinese brands. The iPhone-maker is offering rare discounts of as much as 5% on some models in the country to attract customers.

Persons: Jonathan Brady, Apple, China's Xiaomi Organizations: Apple, Samsung Electronics, International Data Corp, Samsung, IDC's, Huawei Locations: Regent Street, London, China

☆ Divide between political elites and the working class is a major risk, Allianz CEO says
▼ + stars: | 2024-01-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Oliver Bäte, chief executive of German insurance group Allianz. Nurphoto | Nurphoto | Getty ImagesA growing detachment between political leaders and populations presents the biggest risk in a busy election year, according to Allianz CEO Oliver Bäte. The Allianz Risk Barometer published this month noted that political risk was already at a five-year high in 2023, with some 100 countries considered at high or extreme risk of civil unrest. This is expected to deepen in 2024, amid continued economic hardship, particularly in "debt-crisis countries." "We have an increasing detachment of the political elite from the working class and the people that actually go to work every day, and that, I see as the number one risk for our societies," Bäte said.

Persons: Oliver Bäte, you've, Emmanuel Macron's, Nahel, Viktor Orbán, Bäte Organizations: Allianz, Nurphoto, Economic, Sweden Democrats Locations: Ukraine, Davos, Switzerland, Netherlands, France, Slovakia, Italy, Hungary, Sweden

☆ China's Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business
▼ + stars: | 2024-01-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. Source: BloombergSince the beginning of 2023, Chinese food delivery leader Meituan has lost a staggering $82 billion in market capitalization, as fears over increasing competition and a warning from its management about a slowdown in its main food delivery business have spooked investors. The tech giant's market cap has tumbled nearly 60% to 441.06 billion Hong Kong dollars ($56.4 billion) from HK$1.08 trillion ($138.2 billion) at the beginning of 2023, according to LSEG data. The company still dominates China's food delivery industry, with almost 70% of the market share in the mainland, according to 2022 data from research firm ChinaIRN. But competition has been rising, especially from Alibaba -owned Ele.me, another prominent food delivery company in China.

Persons: Meituan, Shen Organizations: Bloomberg, Hong Kong, HK, CNBC Locations: Beijing, China, Ele.me

☆ These are the 11 stocks in our portfolio that Wall Street likes best in 2024
▼ + stars: | 2024-01-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

The list of most-loved Club stocks on Wall Street entering the new year resembles the list of 2023 winners, except for two stocks: Constellation Brands and Disney . Among the 11 stocks, analysts expect Nvidia to have the biggest gains in the new year, based on price targets compiled by FactSet. The average price target on Wall Street is $291.31 a share, representing 20.5% upside from Constellation's close Friday. The average Disney price target of $103.08 per share implies about 14% upside from Friday's close. We maintain a price target of $120.

Persons: that's, Jim Cramer, FactSet, Elliott, Bob Iger's, Nelson Peltz, Jim Cramer's, Jim, Spencer Platt Organizations: Constellation Brands, Disney, Nvidia, Linde, TJX Companies, Microsoft, Meta, Alto Networks, Apple, New, Palo Alto Networks, Palo, Constellation, Modelo, Corona, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Nvidia's, Amazon, Palo Alto

☆ The Magnificent Seven stocks led 2023's market. Here's what the pros expect for 2024
▼ + stars: | 2023-12-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Megacap technology stocks reascended the throne in 2023 after a debilitating 2022 left some investors sour on the outlook for the industry. The stocks are really going to have to show what the next big thing is." Even as it outperformed the market, the e-commerce giant's gains were overshadowed by other large megacaps flaunting their latest AI innovations, with some worrying Amazon may be falling behind on AI technology . Semiconductor companies Intel , Broadcom and Lam Research also look attractive even if Mag 7 stocks maintain their leadership position as AI proliferates, Woods said. "It's a story that is just starting to play out and we're just going to build on it going forward," he said.

Persons: Tesla, Jay Woods, hasn't, Capital's, Woods, aren't, DoorDash, Uber, Neuberger, Dan Flax, Bard, missteps, Gene Munster, Ken Mahoney, Richard Bernstein, wouldn't, Brent Fredberg, we're Organizations: Federal, Nvidia, Amazon, Apple, Microsoft, Meta, Tesla, Freedom Capital, Asset Management, Richard Bernstein Advisors, Brandes Investment Partners, outperformance, Micron Technology, Semiconductor, Intel, Broadcom, Lam Research Locations: GOOGL

☆ Six industrial-focused stocks in the portfolio — and why we like each one of them
▼ + stars: | 2023-12-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

CAT YTD mountain Caterpillar YTD Caterpillar shares have been on a wild ride this year — trending higher initially and then sinking into late spring; ripping higher to records and hitting another rough patch. DD YTD mountain DuPont YTD DuPont is levered to housing, which we all feel better about after last Wednesday's Fed meeting. ETN YTD mountain Eaton YTD Since our November meeting, we swapped out Emerson Electric for Eaton because we didn't trust Emerson after a one-two punch of a hostile takeover and a not-so-hot quarter. HON YTD mountain Honeywell YTD Honeywell recently bought a terrific industrial security business from Carrier for $4.95 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Ed Breen, Breen, that's, Emerson, Eaton, It's, Carrier, Vimal Kapur, Kapur —, Linde, We're, Linde's, I'm, Decker, Stanley Black, Stanley, SWK, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Caterpillar, CAT, DuPont YTD DuPont, Fed, DuPont, Emerson, Broadcom, Honeywell YTD Honeywell, Carrier, Honeywell, LIN, Nasdaq, Linde, Exxon, ETN, Eaton Corporation, NYSE Locations: U.S, Eaton, Emerson

☆ Here’s a rapid-fire update on all 33 stocks in our portfolio, including those Cramer would buy on dips
▼ + stars: | 2023-12-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. If we get a sell-off in January, Eaton is a logical place to look to buy, Jim said. Procter & Gamble : It's possible that 2024 is a better year for P & G the company than P & G the stock, Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, they'll, we've, there's, he'd, Dupont De, Ed Breen, Danaher, Walt Disney, Bob Iger, Trian's Nelson Peltz, Estee Lauder, Bausch, we're, Eaton, Mary, Eli Lilly's, he's, Vimal Kapur, Kapur, We've, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, Elliott, Stanley Black, Decker, TJ Maxx, Charlie Scharf, it's, Jim Cramer, Virginia Sherwood Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Broadcom, VMWare, Bausch, Bausch Health, Charitable Trust, Caterpillar, Federal, Costco Wholesale, Coterra Energy, Dupont De Nemours, Fed, Walt, Eaton Corporation, Ford, GE Healthcare, Google, Honeywell, New, Facebook, Meta, Reality Labs, Microsoft, Activision Blizzard, Nvidia, AMD, Apple, Palo Alto Networks, Procter & Gamble, Constellation Brands, Elliott Management, Constellation, Modelo, Corona, Street, TJX, TJ, Wynn Resorts, Jim Cramer's Charitable, NYSE Locations: hospitalizations, China, U.S, Palestine, Wells Fargo

Trian Fund Management on Thursday announced it was nominating its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo to the media giant's board, as the firm wages a contentious proxy fight with Disney. The firm announced it was seeking two board seats for Peltz and another media executive, following what it called "significant value destruction and missteps" that the board oversaw. Trian's proxy fight comes as Disney CEO Bob Iger tries to right the ship after a broad restructuring that resulted in thousands of layoffs. Disney has said the proxy fight is apparently in part due to a personal grudge held by Peltz's ally and former Marvel boss Ike Perlmutter. Trian has oversight of shares owned by Perlmutter, who has been an outspoken critic of Disney CEO Bob Iger.

Persons: Nelson Peltz, Walt Disney, Jay Rasulo, Trian, Rasulo, Disney, Bob Iger, Peltz's, Ike Perlmutter, Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch Organizations: Trian Fund Management, Future Investment Initiative, Summit, Trian, Management, Walt, Disney, Company, Peltz, Marvel, Sky Locations: Miami , Florida

☆ Microsoft assures investors it's spreading its AI bets beyond just OpenAI
▼ + stars: | 2023-12-07 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

AI was a major focus of questions from Microsoft investors during the event. AdvertisementOn Thursday, Microsoft executives made a point to assure investors that it has many irons in the fire when it comes to AI, not just OpenAI. Microsoft Chief Financial Officer Amy Hood jumped in to emphasize the company has AI partners beyond OpenAI. AdvertisementAs Business Insider recently reported, the chaos at OpenAI caused some partners to start looking for a "plan B" for their AI model needs. Are you an OpenAI, or Microsoft employee, or someone with a tip or insight to share?

Persons: —, OpenAI, Sam Altman, Altman, Satya Nadella, Nadella, Amy Hood, Hood, Ashley Stewart Organizations: Service, Business, Microsoft Locations: OpenAI, astewart@insider.com

☆ TikTok parent ByteDance offers share buyback valuing the Chinese giant at $268 billion
▼ + stars: | 2023-12-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

There is no timeline for the completion of the share repurchases, but ByteDance has asked shareholders if they'd like to sign up to the program, the person said. ByteDance is offering shareholders $160 per share, which values the firm at around $268 billion, the person said. ByteDance, which was founded in 2012, has been tipped to go public for the last few years, but has faced an increasing number of headwinds. ByteDance is also cutting hundreds of jobs from its gaming division, where the company has aggressively expanded without success. The firm has been hit by a slowing Chinese economy and by stricter domestic regulation in the internet sector.

Persons: ByteDance Organizations: CNBC Locations: U.S

☆ These 5 stocks are on Goldman's European conviction list — and it gives one 130% upside
▼ + stars: | 2023-12-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs has unveiled its "conviction list" of top stock picks in Europe for December — and London-listed shares of BT Group stand out. Goldman Sachs expects BT's share price to more than double to 290 pence over the next 12 months. Wall Street rivals Morgan Stanley and JPMorgan also believe BT shares are mispriced as investors have undervalued its network arm, Openreach. Conviction list Other prominent stocks on Goldman's conviction list include Delivery Hero , Burberry , Bureau Veritas and Philips . Goldman notes that its conviction list should not be seen as a portfolio, as the stocks are not weighted.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Openreach, Terence Tsui, — CNBC's Michael Bloom Organizations: BT Group, BT, Wall, JPMorgan, Burberry, Veritas, Philips Locations: Europe, London

☆ Spotify ditches popular podcasts 'Heavyweight' and 'Stolen' as CEO doubles down on cost-cutting
▼ + stars: | 2023-12-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Spotify is cutting two big podcasts, "Heavyweight" and "Stolen," Bloomberg reported. The podcasts in question, "Heavyweight" and "Stolen," will be canceled after completing their current seasons, the report said. Given the cancellations, the streaming giant's viral Spotify Wrapped campaign might soon be overshadowed by a new mantra: "Spotify Scrapped." "Heavyweight" was listed as one of The New York Times' top podcasts of the year and "Stolen" won a Pulitzer Prize and Peabody Award. The news of the podcasts' axing comes as Spotify made its third round of layoffs this year.

Persons: Daniel Ek, —, Ek, Mason Morfit, Prince Harry, Meghan Markle Organizations: Bloomberg, Analysts, Service, Spotify, The New York Times, Peabody, Spotify's Gimlet, Financial Times Locations: Stockholm

☆ Elon Musk called Tesla's Sweden strike 'insane' — now it's spreading to Denmark
▼ + stars: | 2023-12-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla faces a wave of strikes in Sweden, with unions calling for better pay and benefits. Elon Musk called the strikes, which have disrupted deliveries, "insane" in a post on X. Now they are spreading to Denmark, with Danish dockworkers also refusing to unload Tesla's EVs. AdvertisementTesla is embroiled in a growing battle with unions in Europe after the wave of strikes impacting the company in Sweden spread to Denmark. AdvertisementNine other Swedish unions have joined the strike in solidarity, with dockworkers refusing to unload Tesla's cars at ports and electricians refusing to repair the company's charging stations .

Persons: Tesla, Elon Musk, Danish dockworkers, —, Jan Villadsen Organizations: Danish, Service, Reuters, Sweden's Transport Agency, Denmark aren't, United Auto Workers, UAW, Business Locations: Sweden, Denmark, Europe, Danish, Swedish, Sweden's

☆ Shanghai wants Microsoft to promote AI tech in city - govt
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: 1 min

A Microsoft sign at the U.S. tech giant's offices in Issy-les-Moulineaux, near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsBEIJING, Dec 5 (Reuters) - Shanghai authorities told Microsoft's (MSFT.O) visiting president on Tuesday they want his company to promote artificial intelligence technology to boost businesses there, the Chinese financial hub's government said. Chen Jining, Shanghai's Communist party Secretary, made the remarks while meeting Microsoft President and Vice Chair Brad Smith, the government said. Shanghai was also open to Microsoft collaborating on studying technology-related governance frameworks and standards, Chen said. Reporting by Beijing Newsroom;Our Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Microsoft's, Chen Jining, Brad Smith, Chen Organizations: Microsoft, REUTERS, Rights, Communist, Beijing Newsroom, Thomson Locations: Issy, Paris, France, Rights BEIJING, Shanghai

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