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Senators passed a crucial procedural vote with wide bipartisan support, signaling that the foreign aid package has the strength to pass a final vote. The funding includes roughly $60 billion for Ukraine aid, $26 billion for Israel and $8 billion for Taiwan and Indo-Pacific security. Spending-wise, the legislation is similar to the $95 billion foreign aid bill passed by the Senate in February, which has been effectively shelved in the House in the weeks since. TikTok has pushed back on this proposal since the House passed it over the weekend. Those political threats, along with an increasingly razor-thin House Republican majority led Johnson to effectively table the Senate's $95 billion foreign aid bill for weeks.
Persons: Charles Schumer, Chuck Schumer, Joe Biden, TikTok, Biden, Marjorie Taylor Greene, Mike Johnson, Johnson, Iran's, Donald Trump's, Trump, John Fredericks Organizations: U.S, Capitol, Senate, NBC News, House Republicans, Rep, Republican Locations: Israel, Ukraine, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNuclear energy is not for everyone but many countries are 'seriously committed,' industry body saysSama Bilbao y León, director general of World Nuclear Association, discusses the nuclear energy industry, its safety record and the countries leading the way.
Organizations: León, World Nuclear Association
The Nasdaq tumbled 2.1% on Friday as tech stocks plunged, marking its worst day since January 31. “US earnings updates this week will be key to see if they can keep topping expectations and buoying risk appetite in a higher-for-longer interest rate environment.”Tesla, Facebook-parent Meta, IBM, Microsoft and Alphabet all report first quarter earnings later this week. “Big Tech earnings may determine whether the stock market avoids its first four-week losing streak in two years,” wrote Chris Larkin, managing director of trading and investing at E*TRADE from Morgan Stanley on Monday. About 15% of S&P 500 companies have reported first quarter earnings, and nearly three-quarters of those companies have posted a positive earnings-per-share surprise. But investors are nervously waiting for the Magnificent Seven, those massive Tech stocks that carry an outsized portion of market weight, to report.
Persons: Monday’s, , , They’re, Tesla, Chris Larkin, Morgan Stanley, aren’t, we’re, Dave Sekera, ” Taylor Swift’s, Apple Taylor Swift, Liam Reilly, Department ”, Post Malone, Laura He Organizations: CNN Business, Bell, New York CNN —, Nasdaq, BlackRock, Federal Reserve, Facebook, IBM, Microsoft, “ Big Tech, Tech, Companies, Nvidia, Apple, Big Tech, Bank of America, Morningstar, Department, Spotify, Poets Department, Amazon Music, Apple Music, EV, Tesla Locations: New York, Wells, China, Germany, United States, Tesla’s, Europe
Investors will get an idea of just how bad after the company reports earnings and offers comments to investors after the bell today. And it makes what Tesla says Tuesday evening very important for its future. Analysts are forecasting Tesla to report adjusted earnings of 49 cents a share, sharply lower than the 85 cents a share it reported a year ago. Its profit margins, also a closely watched number, have been falling steadily since it started an EV price war more than a year ago. What he says about the competition from Chinese EVs today will also be a key focus for investors.
Persons: New York CNN — Tesla, Tesla, Elon Musk, , Dan Ives, it’s, Ives, Gordon Johnson, Musk Organizations: New, New York CNN, Investors, Elon, Wedbush Securities, Toyota, General Motors, Ford, GLJ Research, Mr, Reuters Locations: New York, China, Delaware
Tesla is eliminating around 12% of its workforce at a factory in Austin, Texas, as part of a broader restructuring the company announced last week. In 2021, Tesla CEO Elon Musk moved the company's corporate headquarters to Austin from Palo Alto, California. Tesla officially opened its Texas EV and battery factory in April 2022, with a "cyber rodeo" party. Musk later called the Austin factory, and another assembly plant in Germany, "gigantic money furnaces," in an interview with Tesla Owners Silicon Valley, a fan club that promotes Tesla vehicles. Executives are expected to discuss the restructuring on the company's quarterly earnings call at 5:30 p.m.
Persons: Tesla, Elon Musk, Musk Organizations: Tesla, Texas EV, Austin, Texas Department Locations: Austin , Texas, Travis County, Austin, Palo Alto , California, New York, Buffalo, Texas, Germany
Read previewTesla, eager to hold on to its market share in China, is amping up its price war against its Chinese rivals amid declining sales. In China, Tesla has reduced the price of its Model 3, S, X, and Y by 14,000 yuan, or $1,930. The Model Y now costs 249,900 yuan — yet another cut from its January price of 299,900 yuan. Related storiesTesla CEO Elon Musk defended his company's pricing strategy on Sunday, writing on X that "Tesla prices must change frequently in order to match production with demand." In fact, Musk went so far as to frame his Chinese rivals as an existential threat to all automakers.
Persons: , Tesla, Li, BYD, Elon Musk, Musk Organizations: Service, Business, Li Auto, BI Locations: China
Tesla has laid off 2,688 workers at its Austin factory, nearly 12% of the site's staff. The layoffs have also impacted workers at Tesla's other US and international locations. The Texas site employed about 22,777 people before the layoffs — meaning Tesla cut nearly 12% of its staff at the site. The broader layoffs appear to have affected workers across the country, as well as some staff at Tesla's international offices. Last week, a WARN notice revealed the cuts had impacted 280 workers at a Tesla facility in Buffalo, New York.
Persons: Tesla, Elon Musk, , Elon, Tesla's Austin Gigafactory Organizations: Service, Lone Star State, Worker, Business Locations: Austin, Texas, Tesla, Buffalo , New York, California, Nevada
Campus unrest spreadsTop American colleges are in turmoil, with dozens of pro-Palestinian student protesters having been arrested at N.Y.U. and Yale amid new worries about antisemitism on campus. The latest: Police were called in to break up pro-Palestinian protests at N.Y.U. Harvard shut Harvard Yard and Columbia will make classes at its main campus hybrid until next week. Encampments were growing at other schools, including M.I.T., the University of Michigan and the University of California, Berkeley.
Organizations: Palestinian, Yale, University, University of Pennsylvania, Harvard, Police, Columbia, University of Michigan, University of California Locations: N.Y.U, Columbia, Berkeley
A new social media trend is urging users to "look between" certain letters on their keyboard. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's because of a new trend that is enthralling — and irritating — thousands of users on X and other similar platforms. cheaters will tell you they love you and then their actions tell you to look between h and l on your keyboard. that's all we baggin' this year, trust — ً (@ahdebee) April 21, 2024look between Y and I on your keyboard, that’s all I want.
Persons: JK, , you've, Yui Hirasawa, — Kemi Marie, Jesus, ike Organizations: Service, 4chan, New England Patriots, Brands
On a cold, windy February morning on Shinnecock Bay, on the South Fork of Long Island, N.Y., Ricky Sea Smoke fished for clams from the back of his 24-foot boat. The fisherman, whose real name is Rick Stevens, expertly sorted through haul after haul as they were dumped onto the sorting rack. Among the usual littlenecks and cherrystones were delicacies that would make chefs swoon: sweet, plump razor clams; vermilion-fleshed blood clams; and dainty limpets (also known as slipper snails) with their inimitable saline, buttery flavor. Depending on the season, fishers like Mr. Stevens can bring in even more treasures, like scallops, squid, blue crabs, striped bass, mackerel and skate. But almost none of them are available locally.
Persons: Ricky, Rick Stevens, Stevens Locations: Shinnecock, Long Island, N.Y
Around one in five adults between the ages of 40 to 79 is taking five or more prescription drugs, according to data from the Centers for Disease Control and Prevention. And the older patients are, the more likely it is they’re taking even more medications. But taking many medicines simultaneously, known among medical experts as polypharmacy, increases people’s risk of experiencing severe side effects and drug interactions, said Dr. Nina Blachman, an assis­tant professor of medicine and geriatrics at the N.Y.U. Studies show that taking multiple medications is associated with a faster decline in memory in some patients with mild cognitive impairment, and with a greater risk of falls among people with balance problems or weakened muscles. Many are never taken off the drugs they’ve been prescribed for years, even if they no longer need them or if there are newer formulations available that can treat different symptoms simultaneously..
Persons: Nina Blachman, Blachman, they’ve Organizations: Centers for Disease Control, Grossman, of Medicine . Studies
A City Tries to Measure the Violence It’s Preventing
  + stars: | 2024-04-22 | by ( Mark Obbie | ) www.nytimes.com   time to read: +31 min
Headway A City Tries to Measure the Violence It’s Preventing In Baton Rouge, a public safety experiment could help to answer a critical question: Do community efforts to reduce street violence work? Like Ms. Robinson, Ms. Tate-Alexander, 48, raised her family in Baton Rouge. Baton Rouge became the first city outside New Jersey to be tutored in the Newark method. Calming the urge to retaliateBy June 2021, when Ms. Tate-Alexander started assembling the street team, Ms. Robinson joined up. At first, Ms. Robinson and Ms. Tate-Alexander seemed wary when I asked about him.
Persons: Angel Hawkins, Liz Robinson, Sateria Tate, Alexander, Tamikka, Liz, Louis Robinson’s, Louis Jr, Robinson, , , ’ ”, Louis, Louis BadAzz, , Louis Robinson Jr, , Murphy Paul, Paul, Sharon Weston Broome, Alton Sterling, , Karan Deep Singh, Kathleen Flynn, Biden, Nina Revoyr, Ms, Tate, Aqeela Sherrills, Sherrills, Terrell, Mr, Aqeela, Courtney Scott, . Tate, ” Ms, Gerald Haynes, Haynes, hotheads, Khoury Brown, Geaux, he’s, Geaux Yella, Darius Crockett, Crockett, Kayla Atkins, Markel, Atkins, ” Mr, “ I’m, “ I’ll, ” Markel, Atkins’s, Gary Slutkin, Jeffrey A, Butts, John Jay, Dr, Scott, “ We’re, It’s, They’ll, that’s, interventionists, Stacy Adams fedora, George Floyd, Weeks, brutalized, Paul’s, Thomas S, Morse, Dy’Lan Fillmore, Mitchell, Fillmore, Robinson’s Organizations: The New York Times, Army, Louisiana State Police, Police, Baton Rouge Police Department, Centers for Disease Control, National Institute for Criminal, Ballmer Group, Baton, Bloods, Biden White House, Markel, Research, John, John Jay College of Criminal, Statistics, University of California, Newark, Metropolitan, Murphy Paul Rally, Mr Locations: Baton Rouge, La, Iraq, Afghanistan, Black, United States, , Federal, Newark, N.J, Watts, Los Angeles, New Jersey, Chicago, Baton
Hong Kong CNN —Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets. The first cuts were announced on Friday in the US, when Tesla reduced the prices of three of its five models. China gets tougherIn China, the largest EV market in the world, Tesla’s price cuts are expected to exacerbate an existing price war in a highly competitive sector. China’s EV price war started in October 2022, when Tesla cut prices to boost sales as consumers slashed spending in a slowing economy. The competition continues unabated in 2024, with more than 30 major car makers announcing further price cuts.
Persons: Hong Kong CNN — Tesla, Tesla, Elon Musk, Narendra Modi, Li Auto, Li Xiang, Li, China’s BYD, XPeng, BYD Organizations: Hong Kong CNN, EV, Tesla, Li Locations: China, Hong Kong, Germany, United States, Tesla’s, Europe, India, Guangzhou
Tesla cut car prices in the US, China, and Europe after sales fell. AdvertisementTesla lowered prices for most of its US cars, cutting the costs for the Model Y, X, and S by $2,000, Reuters reported. Related storiesIn the US, the cheapest Model Y and the Model X — both SUVs — are being offered at their lowest prices. The best-selling Model Y now starts at $42,990, per Tesla's website. "Tesla prices must change frequently in order to match production with demand," CEO Elon Musk wrote on X on Sunday.
Persons: Tesla, Cybertruck, , Elon Musk, Musk, Narendra Modi, He's Organizations: Service, Reuters Locations: US, China, Europe, India, Delaware
Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company's first-quarter earnings report Tuesday. Tesla also lowered the price of its premium driver assistance system by one-third. The price cut follows a monthlong free trial that Tesla pushed out to customers throughout North America starting in late March. "Since late 2023, sentiment on Tesla (TSLA) has deteriorated," John Murphy, an analyst at Bank of America, wrote in a note on Monday. WATCH: Tesla stock hits 52-week low ahead of earnings
Persons: Elon Musk, Tesla, John Murphy, Murphy, Joseph Spak, Spak, — CNBC's Michael Bloom Organizations: New York Times, Jazz, Lincoln Center, North America, National, Traffic Safety Administration, CNBC, Bank of America, Reuters, UBS, EV, Traders, S3 Partners, Apple Locations: New York City, U.S, China, Europe
Let Them Eat … Everything
  + stars: | 2024-04-21 | by ( Lisa Miller | ) www.nytimes.com   time to read: +1 min
The sheet-pan chicken and roasted broccoli are out of the oven, and white rice is steaming on the stove. Sole-Smith tries not to be a short-order cook. “Respect the labor,” is how she puts it, reminding her children that if they don’t like what she has prepared, there’s other stuff to eat in the house. A pullout shelf in the pantry holds Tate’s chocolate chip cookies, Goldfish crackers, pea snaps, and chocolate kisses. A year ago, Sole-Smith published “Fat Talk: Parenting in the Age of Diet Culture,” a guide to helping parents grapple with their discomfort and anxiety about weight and food.
Persons: Smith, Violet, Beatrix, Penelope Organizations: Virginia Locations: Cold, N.Y
Last year, a woman in Albany, N.Y., filed a complaint with the civilian board responsible for investigating allegations of misconduct by the city’s police: She believed officers had not thoroughly investigated her claim that the father of her 3-year-old daughter had sexually assaulted the girl. But when the board asked the Albany Police Department for a copy of the case file and issued subpoenas to compel the investigators to answer questions, the police refused to cooperate. Releasing investigative files, they argued, could endanger victims, according to internal emails. Eric Hawkins, the police chief, also told the board that he would not allow officers or detectives to cooperate with any of the panel’s investigations because forcing officers to respond to subpoenas would violate the police union’s contract, according to a lawsuit the board filed against the Police Department. The resistance to the Albany board’s demands is emblematic of the struggles such panels continue to face across the United States, decades after being created to increase police accountability.
Persons: Eric Hawkins Organizations: Albany Police Department, Police Department Locations: Albany, N.Y, United States
Tesla cuts prices nearly $2,000 in China, in line with U.S. cuts
  + stars: | 2024-04-21 | by ( ) www.cnbc.com   time to read: +2 min
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs. Tesla made similar cuts to the Model Y starting price, now 249,900 yuan, the regular version of the Model S to 684,900 yuan and the Model S Plaid to 814,900 yuan. The carmaker on Friday cut U.S. prices of its Model Y, Model X and Model S vehicles by $2,000. Tesla reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.
Persons: Tesla, Narendra Modi, Musk Organizations: Elon Musk's, Model, Plaid, Reuters Locations: Gruenheide, Germany, China, United States, India
In honor of Earth Month, realtyhop ranked the greenest U.S. cities for homebuyers. The report evaluated each city based on the following criteria: SustainabilityPolicy and infrastructureEnergyEnvironmentAffordability Overall, the study found that the majority of the greenest cities are on the West Coast — five are in California alone. Portland, Oregon is the greenest city in AmericaWith a total score of 62.34, Portland, Oregon took the No. The city uses green streets, eco-roofs, trees and more to manage the stormwater. Top 10 greenest cities in AmericaPortland, Ore. Washington, D.C. San Francisco, Calif. Seattle, Wash. Oakland, Calif. Spokane, Wash. New York, N.Y. Sacramento, Calif. San Diego, Calif. San Jose, Calif.
Persons: realtyhop, Gavin Newsom, Jordan Organizations: Earth, Energy, Coast, CNBC, Portland, Jordan Siemens, Getty, Environmental Services, Calif, D.C, Washington D.C, Istock Locations: U.S, homebuyers, California, Portland , Oregon, America, realtyhop, Portland, America Portland, Ore . Washington ,, San Francisco, Calif, Seattle, Wash . Oakland, Calif . Spokane, Wash . New York, N.Y, Sacramento, San Diego, San Jose, Washington
Terry Anderson, the American journalist who had been the longest-held Western hostage in Lebanon when he was finally released in 1991 by Islamic militants after more than six years in captivity, died Saturday at his home in Greenwood Lake, N.Y., in the Hudson Valley. The cause was apparently complications of recent heart surgery, said his daughter, Sulome Anderson. Mr. Anderson, the Beirut bureau chief for The Associated Press, had just dropped his tennis partner, an A.P. The same car had tried to cut him off the day before as he returned to work from lunch at his seaside apartment. The militants, supported by Iran, were retaliating against Israel’s use of American weapons in earlier strikes against Muslim and Druze targets in Lebanon.
Persons: Terry Anderson, Sulome Anderson, Anderson, Reagan Organizations: Islamic, Associated Press, Benz, Islamic Jihad Organization Locations: American, Lebanon, Greenwood Lake, N.Y, Hudson, Beirut, South Lebanon, Iran, Nicaragua
Rep. Marjorie Taylor Greene, R-Ga., leaves the U.S. Capitol after filing a motion to vacate Speaker of the House Mike Johnson, R-La., from his post on Friday, March 22, 2024. Rep. Marjorie Taylor Greene says she will let her fellow House Republicans hear from their constituents before deciding whether to move forward with a vote to remove Speaker Mike Johnson. "I do not support Mike Johnson, he's already a lame duck," Greene told reporters. Greene filed a motion for a vote to force Johnson to vacate the Speaker position in March, but no further action has been taken since then. Speaker Johnson, who spoke to reporters after the votes as well, voiced a similar sentiment.
Persons: Marjorie Taylor Greene, Mike Johnson, Greene, China's ByteDance, Johnson, he's, Chuck Schumer, Joe Biden, — CNBC's Rebecca Picciotto Organizations: U.S, Capitol, CNN, Senate Locations: Taiwan, Ukraine, Israel
Speaker of the House Mike Johnson, R-La., conducts a news conference in the U.S. Capitol after the House passed the foreign aid package rule on Friday, April 19, 2024. The bills earmark over $60 billion for Ukraine aid, more than $26 billion for Israel and over $8 billion for Taiwan and Indo-Pacific security. The House's approval is a critical next step for foreign aid, which has been in limbo since President Biden first proposed it in October. Despite that looming political backlash, Speaker Johnson was persuaded to revisit the foreign aid package after Iran's attempted strike on Israel last weekend. In response, Johnson put the foreign aid package at the top of the House's agenda.
Persons: Mike Johnson, Joe Biden, Johnson, Leader Jeffries, Biden, Chuck Schumer, Volodymyr Zelenskyy, China's, Marjorie Taylor Greene, Greene, Iran's, Johnson's, Steve Scalise Organizations: U.S, Capitol, United States House, Representatives, Democrats, Republicans, Rep, NBC News Locations: Ukraine, Israel, Taiwan
Tesla cuts U.S. prices of Models Y, X, S by $2,000
  + stars: | 2024-04-20 | by ( ) www.cnbc.com   time to read: +1 min
Tesla vehicles sit on the lot at a Tesla dealership on April 15, 2024 in Austin, Texas. Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable automaker missed market expectations. The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900. The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.
Persons: Tesla, Elon, Musk, Narendra Modi Organizations: Elon Musk's, Tesla, Reuters Locations: Austin , Texas, America, India
Tech billionaires are stepping it up from the basic t-shirt and jeans they're known for donning. AdvertisementLook no further than Meta CEO Mark Zuckerberg as a real example of this fashion upgrade to his techy street style. Here's what Zuckerberg and his fellow wealthy tech titans are wearing this spring, according to style experts. Clive Brunskill/Getty ImagesIn March, Bill Gates was spotted in a navy top while sitting in the crowd of a tennis match. Victoria Hitchcock; Oscar HeymanAs for her female clients, Hitchcock said they're going for understated shoe options and eye-catching jewelry.
Persons: , They're, Victoria Hitchcock, Mark Zuckerberg, he's, Hitchcock, Zuckerberg, Bill Gates, Clive Brunskill, it's, Gates, Paul Altieri, Sergey Brin, George Esquivel, Nicole Pollard Bayme, Gen, It's, Phil Knight, they're, Manolo Blahnik, Oscar Heyman, Manolo Blahnik — Organizations: Service, Tech, Business, Microsoft, LA, Nike, Getty Locations: San Francisco Bay, Silicon, San Francisco, Silicon Valley
In the days approaching April 1, the corridors and backrooms of the New York State Capitol tend to be filled with tension and chaos, as the governor, lawmakers and staff scramble to meet the deadline to pass a state budget that is as much a policy blueprint as it is a spending plan. Budget talks dragged out almost three weeks past the April 1 deadline, leading some to wonder whether Gov. Kathy Hochul, a Democrat in her first full term, had lost control of the process. But by the time the budget was officially passed by the Legislature on Saturday, it was clear that Ms. Hochul had achieved her goal: a final $237 billion budget that included a checklist of her priorities. They included new resources to fight retail crime, a statewide artificial intelligence consortium, and a landmark housing deal aimed at bolstering residential construction — all without raising taxes on the wealthy.
Persons: Kathy Hochul, Hochul Organizations: New York State Capitol
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