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☆ Tesla shares dip after hours as earnings call disappoints
▼ + stars: | 2023-07-19 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

related investing news UBS downgrades Tesla, says recent rally fully accounts for demand boost Here's how the company did versus expectations: Revenue: $24.93 billion, versus $24.47 billion expected according to Refinitiv. $24.93 billion, versus $24.47 billion expected according to Refinitiv. Alain Jocard | Afp | Getty ImagesBy way of comparison, during the first quarter of 2023, Tesla reported net income of $2.51 billion on revenue of $23.33 billion. During the second quarter last year, Tesla reported net income of $2.27 billion on $16.93 billion in revenue. Early this month, Tesla reported 466,140 total vehicle deliveries for the second quarter and said it had produced 479,700 electric vehicles.

Persons: Elon Musk, execs, UBS downgrades Tesla, Porte, Alain Jocard, Tesla, Musk, we've Organizations: UBS, SpaceX, Twitter, Porte de, Afp, Getty, Wall Locations: Paris

"Need to reach positive cash flow before we have the luxury of anything else," Musk wrote in response to a tweet. Musk took over Twitter in October of last year in a deal valued at around $44 billion, including about $13 billion in debt. He also claimed at that time that the company was "roughly breakeven," and expected to become cash flow positive within the next quarter. A number of widely followed accounts on Twitter posted that they were dismayed they did not qualify to earn income from the program yet. It's not clear how much Twitter paid creators in total in this first round of payments.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Musk, Linda Yaccarino, Comcast's NBCUniversal, NBCUniversal, Twitter, Andrew Tate —, Tate, influencers, Omar Qazi, Sawyer Merritt, Brian, Ed Krassenstein Organizations: SpaceX, Twitter, Porte de, Getty, BBC, CNBC, Internet Hall of Fame, of, X Corp Locations: Paris, AFP, Romania

☆ Twitter says FTC probe 'has spiraled out of control' and asks to terminate privacy settlement
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

The 2011 agreement originally resolved charges that the platform failed to adequately safeguard its users' information. Twitter is asking the court to determine whether the 2011 FTC order "is equitable in light of the FTC's conduct," according to the filing. As a result, the "misfit consent order ... no longer can serve any proper equitable purpose." Our revised consent order gives us new tools to ensure compliance, and we are prepared to use them." WATCH: Elon Musk polls Twitter users over whether he should remain as CEO

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Twitter, it's, overreach, Mr, Musk, Elon Organizations: SpaceX, Twitter, Porte de, Getty, Federal Trade Commission, FTC, X Corp, Department of Justice, CNBC, YouTube Locations: Paris, AFP

☆ Musk picks Vegas for Zuckerberg 'cage match' challenge
▼ + stars: | 2023-06-22 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

(Photo by Alain JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)Twitter owner and Tesla CEO Elon Musk suggested Vegas for the location of a "cage match" after reportedly being challenged to a fight by Facebook co-founder Mark Zuckerberg. Another user cautioned Musk saying, "Better be careful @elonmusk I heard he does the ju jitsu now." Zuckerberg reportedly has a white belt in Brazilian jiu-jitsu. That sparked a comment from Musk that suggested he is up for a fight with the Zuckerberg. The Verge tech publication confirmed that Zuckerberg is "serious about fighting Elon Musk and is now waiting on the details" if Musk decides to follow through.

Persons: Elon Musk, Porte, Alain JOCARD, ALAIN JOCARD, Mark Zuckerberg, Musk, Zuckerberg, Mario Nawfal, Dave Camarillo Organizations: SpaceX, Twitter, Porte de, Getty, Facebook, UFC, Blockchain Consulting, Meta, Guerilla Jiu Jitsu, CNBC Locations: Paris, AFP, Vegas

☆ He makes the best baguette in Paris, but he’s not French
▼ + stars: | 2023-05-16 | by ( Oliver Briscoe | ) edition.cnn.com time to read: +4 min

Paris CNN —The humble baguette is the epitome of French baking. The perfect loaf, delicately crusty outside, soft and airy inside, is worth the airfare to Paris all on its own. For the contest, bakers are judged specifically on their “baguette de tradition,” a designation that differentiates good-quality loaves from industrially made rivals. Polski is a veteran of the Paris contest, having presided over it for almost a decade. There is not one neighborhood today without fresh bread, Polski says.

☆ Paris Saint-Germain strongly condemns 'intolerable and insulting' chants from fans outside Neymar Jr.'s house calling for Brazilian to leave club
▼ + stars: | 2023-05-04 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Paris Saint-Germain has built a squad of star-studded players – notably Lionel Messi, Neymar Jr. and Kylian Mbappé – but amid recent discord at the Parisian club, two of that attacking triumvirate have found themselves being targeted by a section of fans. “Paris Saint-Germain most strongly condemns the intolerable and insulting actions of a small group of individuals that took place on Wednesday,” the Parisian club said in a statement after videos emerged on social media showing a group of fans gathered outside the Brazilian international’s house chanting: “Neymar, get out! Neymar, get out!”Videos on social media also showed fans gathered outside the PSG headquarters directing less than flattering chants towards World Cup winner Messi. On Wednesday, PSG suspended Messi for two weeks after the Argentinian’s unauthorized trip away from the team to conduct personal business, according to a club source. Meanwhile Messi, would go on and beat his other teammate, Mbappé, in the final as Argentina overcame France.

☆ France's President Macron overrides parliament to pass retirement age bill
▼ + stars: | 2023-03-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Alain Jocard | Afp | Getty ImagesFrench President Emmanuel Macron on Thursday resorted to using special constitutional powers to push his plan to raise the retirement age to 64 from 62 through the lower house of parliament. The plans were passed in France's Senate on Thursday morning but had been due for a vote in the National Assembly (the lower house), where its approval was not guaranteed. Instead, Prime Minister Elisabeth Borne announced to the assembly that the government would trigger Article 49.3 of the French constitution. Macron's Renaissance party argues reform of the pension system is necessary to sustain it long into the future. Household waste containers and rubbish dumps continue to pile up on the pavements of Paris streets on 14 March 2023 since garbage collectors went on strike against the French government's pension reform bill on 6 March 2023.

☆ France hit by nationwide strike as unions fight Macron’s plan to raise retirement age
▼ + stars: | 2023-01-19 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

French workers would have to work longer before receiving a pension under the new rules — with the nominal retirement age rising from 62 to 64. Many French workers expressed mixed feeling about the government’s plan and pointed to the complexity of the pension system. For those who do not fulfil that condition, like many women who interrupted their career to raise their children or those who studied for a long time and started working late, the retirement age would remain unchanged at 67. Those who started to work early, under the age of 20, and workers with major health issues would be allowed early retirement. Protracted strikes met Macron’s last effort to raise the retirement age in 2019.

☆ France hit by nationwide strike as workers protest over pension reforms
▼ + stars: | 2019-12-05 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

watch nowFrance is experiencing one of its biggest strikes in decades as public sector workers protest against changes to the pension system. According to the French newspaper, Le Monde, more than 180 000 people are taking to the streets in 30 different parts of France. Prior to his election in 2017, President Emmanuel Macron vowed to reform France's pension system. watch nowPrevious attempts to change the pension system have also been met with strong opposition from public sector workers. However, transport workers argue that the new system would mean they would have to work longer into old age or see their pension reduced.

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