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☆ GM continues reinvention of Buick brand with new Enclave SUV
▼ + stars: | 2024-04-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2025 Buick Enclave GMWARREN, Mich. — General Motors has redesigned Buick's flagship Enclave SUV as the latest testament to the automaker's ongoing reinvention of the roughly 125-year-old brand. While the Enclave is the latest of Buick's current vehicles to receive the Wildcat treatment, it may not be the last. 2025 Buick Enclave GMThe 2025 Enclave is longer, wider and taller than the current model. 2025 Buick Enclave GMSuper Cruise, GM's hands-free highway driving system, will be offered on each of the Enclave's three trims: Preferred, ST and Avenir. Avenir models represented about 25% of Buick's sales during the first quarter of this year.

Persons: Mark Reuss, Reuss, Bob Boniface, Boniface, Duncan Aldred, ", Aldred, Mary Barra, Sandy Huffaker, That's Organizations: GM WARREN, —, Motors, Buick, GM, Enclave, Company, U.S, GMC, EVs, General Motors Co, GMC Sierra Denali, Bloomberg, Getty Locations: Mich, Detroit, Michigan, Chula Vista , California, U.S, China

☆ A California restaurant owner says he'll 'absolutely' have to put up wages to compete with fast-food chains now paying $20 an hour
▼ + stars: | 2024-04-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewThe owner of a restaurant in California says he'll "absolutely" have to raise his wages to compete with local fast-food chains now that they're paying workers $20 an hour. "It's already hard to find dishwashers, which is a horrible job for minimum wage," Vitalie continued. Restaurant margins 'are so small to begin with'The new minimum wage compounds what Vitalie described as years of difficulties for independent restaurants in California. "And with the rise of inflation with food costs and labor costs, it's getting really, really bad." South San Francisco has put up its minimum wage annually since 2020, and it reached $17.25 an hour in January.

Persons: —, Sal Vitalie, Vitalie, it's, he'd, I've Organizations: Service, Business, Garden Club, South San Locations: California, South San Francisco, San Mateo County

☆ Stocks making the biggest moves midday: Boeing, Norfolk Southern, Nvidia & more
▼ + stars: | 2024-04-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

BlackBerry — BlackBerry shares popped more than 9% after the company announced a partnership with Advanced Micro Devices on robotics systems. Neogen Corp — The food safety stock shed 9% after the company reported a surprise loss of 1 cent per share. The company also trimmed its previous guidance, saying it now expects revenue to range between $920 million and $910 million for the full year. Norfolk Southern announced that it reached a $600 million settlement related to its derailment in East Palestine. Nvidia — Shares fell more than 2%, putting the chipmaker on track for its fifth losing session in six.

Persons: Tilray, FactSet, Goldman Sachs, Molson Coors, Molson, — CNBC's Michelle Fox, Sarah Min, Pia Singh, Yun Li Organizations: Moderna, Reuters, Merck, Boeing, New York Times, Google, American Eagle Outfitters, JPMorgan, Eagle Outfitters, Bank of America, EV, Molson, Pfizer, Neogen Corp, Norfolk Southern, Nvidia —, Netflix Locations: East Palestine

“I sit here today to express my deepest sorrows for the families of Hana, Tate, Madisyn, Justin and to all those affected on November 30, 2021,” Jennifer Crumbley said. The parents failed to properly secure the firearm, as James Crumbley hid it in their bedroom but did not use any locking device, the prosecution argued. By contrast, James Crumbley did not testify in his trial, and his attorney argued he simply didn’t know about his son’s plans or mental issues. Still, Jennifer Crumbley was convicted of four counts of involuntary manslaughter in early February, and James Crumbley was convicted of the same counts in March. My actions were that of any other parent,” James Crumbley wrote.

Persons: James, Jennifer Crumbley, Cheryl Matthews, “, ” Matthews, James Crumbley, Jennifer Crumbley “, Tate, Madisyn, Justin, ” Jennifer Crumbley, ” “, Ethan, Nicole Beausoleil, Madisyn Baldwin, ” Beausoleil, Ethan don’t, ’, ‘, Justin Shilling’s, Craig, Craig Shilling, Justin Shilling, Bill Pugliano, ”, Justin’s, Jill Soave, ” Reina St, Juliana, Hana, Karen McDonald, ” McDonald, McDonald, Crumbley, remorseful, James Crumbley’s, Ethan Crumbley, Sig, St, Tate Myre, Jennifer, “ I’ve, ” James Crumbley, Celina Tebor, Nicki Brown, Antoinette Radford, Maureen Chowdhury Organizations: CNN, Oakland, Opportunity, Prosecutors, Oxford High School Locations: Oxford , Michigan, Detroit, Oakland, Hana, Oakland County

☆ How one real-estate unicorn is getting past gutting layoffs and slowing deals
▼ + stars: | 2024-04-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Rising interest rates have slammed the brakes on deals, and many real-estate companies have cut staff as revenues slowed. Founded in 2020 by real-estate executives Ryan Stroker and William Martiner, Avenue One was profitable by early 2021, company officials told Business Insider. AdvertisementAvenue One cofounder and CEO Ryan Stroker told BI in an interview how the company is navigating the difficult business environment. "I was told that I wasn't spending enough money six months before the layoffs," Stroker said. Layoffs and Big SpendingBoth Stroker and Avenue One's followup statement said the company is financially secure and described the layoffs as prudent rather than necessary.

Persons: It's, Ryan Stroker, William Martiner, Wall, Stroker, Martiner, John Burns, Ryan, Axel Springer Organizations: Service, KKR, Global, Business, MetLife, Wall, Amherst, John Burns Real Estate Consulting, BI Locations: Manhattan, Axel

☆ Apple wants to make more smart home devices — which may not be dumb
▼ + stars: | 2024-04-08 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

In the meantime we may see something decidedly less ambitious out of Apple: New iPads. It would be like a more portable Facebook portal. And while I've never heard of the Google Pixel, I had heard of the Facebook Portal, and... Facebook doesn't sell those anymore. On the other hand: My colleague Katie Notopoulos loved the Facebook Portal. But you never know: I spent decades not wearing a watch, and now if I forget to put on my Apple Watch before I leave the house I get anxious about losing my steps for the day.

Persons: —, Tim Cook, Bloomberg's Mark Gurman, Gurman, Apple, hasn't, I've, Katie Notopoulos Organizations: Apple, Service, Google, Facebook, Apple Watch

☆ Electric Cars Are Boring (Tesla Cybertruck Included) - The New York Times
▼ + stars: | 2024-04-08 | by ( Ezra Dyer | ) www.nytimes.com time to read: +2 min

Over the past few years, as electric vehicle sales increased substantially and car companies announced an onslaught of new battery-powered models, it seemed that electric cars were a near-term inevitability. Hertz is selling off about a third of its electric cars and Audi is slowing its transition to E.V.s. But there’s also a more subtle issue at play, one that won’t be easily resolved: Electric cars are too boring. On the list of things wrong with the world, “electric cars are dull” isn’t in the Top 5. Driving, as we all knew it before the arrival of mass-market electric cars a little more than a decade ago, involved familiar rituals that carved out a place in our collective psyche.

Persons: Tesla, Hertz, there’s, revel Organizations: Ford, Audi, Chrysler Pacifica Locations: upshifts

☆ Tesla shares have tanked 34% this year. Investors raise doubts over whether the EV maker will return to form
▼ + stars: | 2024-04-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Disappointing investors Tesla's inability to meet estimates and boost demand for its models has spurrred the newfound skepticism. The comments from Wood came one day after her firm purchased nearly $40 million worth of Tesla shares. A lack of investor understanding of the value of these alternative businesses and their future contribution to Tesla profits is plaguing Tesla shares, according to Corestone Capital's Will McDonough. TSLA 1Y mountain Tesla shares over the last year "Valuing Tesla as a car company is akin to valuing Amazon as a book sale company," the investor said. "There are definitely concerns in the marketplace around demand" for Tesla vehicles, said Robert W. Baird senior research analyst Ben Kallo.

Persons: Tesla, Morgan Stanley, Adam Jonas, Wedbush's Dan Ives, Ives, Michael Sansoterra, Tim Pagliara, EVs, Sansoterra, that's, CNBC's Andrew Ross Sorkin, Cathie Wood, Wood, Brad Gerstner, Elon Musk, Corestone Capital's Will McDonough, Robert W, Baird, Ben Kallo, We're Organizations: Elon, Silvant Capital Management, Wall, Motors, Ford, Toyota, Silvant, Ark Investment Locations: U.S, China

☆ An ex-consultant who quit to work for himself grew his income from $48,000 to over $300,000 in 6 years. He breaks down his revenue streams and shares the 2-pronged strategy he used to go from employee
▼ + stars: | 2024-04-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

In 2018, his first full year as a self-employed freelancer, he took a few consulting gigs and brought in about $48,000 in revenue. He spent most of his time doing "creative work," he told Business Insider: blogging, starting a podcast, and building an online course. About 30% of his earnings in 2019 came from consulting, while the rest came from his consulting skills course, coaching, content, and affiliate marketing. The rest came from his online course, consulting training workshops, content, and affiliate marketing. Once his course took off, he could scale back on the consulting gigs.

Persons: —, Paul Millerd, Millerd, He's, Paul, doesn't Organizations: Service, Business, Millerd's, Freelance Locations: Taiwan, New York City, Asia

☆ How car buyers thinking hybrid over EV should make the decision
▼ + stars: | 2024-04-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

And what would the upfront costs be to upgrade your system to allow for faster charging, if desired? Do the math on upfront cost, EV vs. hybridIf it's still a toss up between an EV and a hybrid, next consider upfront costs. By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. Search for available auto rebates and incentivesIf you're leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.

Persons: you've, Aston Martin, Sandeep Rao, there's, Rao, Steve Christensen, Maxwell Woody, Woody, Albert Gore, ZETA Organizations: Ford, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, Gallup, New York, EV, Chevrolet, Department of Energy, Battery Coalition, Progressive Casualty Insurance Company, of Michigan, University of Michigan, Argonne National Lab, Honda Locations: U.S, California, Florida, Texas

☆ Credit Card Companies Are About to Invent New Fees for Consumers
▼ + stars: | 2024-04-07 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Some of those annoying fees on your credit card may soon be getting smaller. Banks and credit-card companies are almost certainly trying to figure out where else they squeeze money out of you. The response to the interchange-fee settlement has been a bit more muted: The Electronic Payments Coalition, which represents Visa, Mastercard, and other credit-card companies, said it was OK with the swipe-fees cap. Taken together, it's clear that many companies in the credit-card business would rather not be dealing with this situation. According to the Merchants Payments Coalition, Mastercard is now planning to increase different credit card fees soon, it's "network assessment" fee.

Persons: Banks, Matt Schulz, JPMorgan Chase, Mark Elliot, Doug Kantor, Mark Mason, Rich Fairbank, We've, it's, Ira Rheingold, Amanda Jackson, Emily Stewart Organizations: Consumer Financial, Mastercard, Visa, Bank Policy Institute, Electronic Payments Coalition, UBS, JPMorgan, American Express, National Association of Convenience Stores, Merchants Payments Coalition, Capital, JPMorgan Chase, National Association of Consumer, Companies, Financial Reform, Business

☆ Opinion: Why the hush money trial judge was right
▼ + stars: | 2024-04-05 | by ( Opinion David Orentlicher | ) edition.cnn.com time to read: +8 min

David Orentlicher R. Marsh Starks/UNLV Creative ServicesAccording to the judge, Trump waited too long to raise his claim of immunity. Trump filed his claim for immunity on March 7, less than three weeks before the scheduled trial date at the time. When he tried last May to move his trial to federal court, his legal filings referred to his belief that he was entitled to immunity from prosecution. Even if Trump had filed his motion in September, his immunity claim faced other serious hurdles. The Framers were not restricting criminal prosecution of former presidents to those who had been impeached and convicted.

Persons: David Orentlicher, Jack, Lulu Lehman, William S, Juan Merchan, Donald Trump’s, David Orentlicher R, Marsh Starks, Trump, Merchan, ” Trump, can’t, Rather, —, Stormy Daniels, Nixon, Richard Nixon’s audiotapes, Jones, Bill Clinton, Vance, Cyrus Vance Jr, ”, “, Department of Justice —, disqualifying, Anderson, I’ve, Trump’s Organizations: Boyd School of Law, University of Nevada, Democrat, Nevada Assembly, CNN, UNLV, Appeals, DC Circuit, Senate, Trump, Trump ., New York District, Department of Justice, president’s Department, Justice Locations: Las Vegas, Nevada, New York, States, Clinton, Trump

☆ Why this Goldman partner is on a mission to convince bankers to get more sleep
▼ + stars: | 2024-04-05 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Goldman Sachs partner Brian Robinson at 200 West Street. The sign that Goldman Sachs partner Brian Robinson created. Robinson's mission to revamp leadership — from his high C's to neon sign creations — appears to be rubbing off on clients and colleagues alike. He is currently making one for a Goldman partner with a fifth-floor office who asked for a customized sign to hang in that workspace, he said. The goal, he said, is for the signs to stand on the walls of Goldman Sachs "for years and decades to come."

Persons: Goldman Sachs, Brian Robinson, Goldman, Robinson, It's, Robinson —, David Solomon, John Waldron, Robinson's, —, He's, he's, Carlyle Organizations: Service, Wall Street, Business, Wall, Deutsche Bank Locations: Americas, Manhattan, London, New York

☆ China's Nio to expand battery swap services to gain an edge on EV infrastructure
▼ + stars: | 2024-04-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Pictured here is a Nio battery swapping station in Haikou, Hainan province, China, on May 9, 2023. Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem. Nio also announced agreements earlier this year to work with two local battery companies on battery swap services. While having a large network of battery charging stations helps address those concerns, battery swapping is a faster method as it takes only a few minutes. CLSA's Luo said businesses also prefer to invest in normal charging stations than swap stations because they make a higher return.

Persons: Nio, —, JAC —, Ding Luo, Shen Fei, Shen, it's, Le, William Li, Shay Natarajan, Luo, Ford Organizations: Bloomberg, Getty, Chery, CNBC, Battery, Nissan, Sino Auto, Mobility Impact Partners, General Motors Locations: Haikou, Hainan province, China, BEIJING, U.S, San Francisco, Kyoto, Japan, Madrid, Spain, Europe, North America

☆ China has a problem with electric cars, and that's bad news for Elon Musk
▼ + stars: | 2024-04-05 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune to the slowdown. Goldstein said that's a sign he knows Tesla can't win the price war and remain profitable. Bloomberg reported that it recently reduced production to five days a week from 6 ½ days, in a sign of waning demand for its cars in China. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.

Persons: —, Tesla, anemic, hasn't, Seth Goldstein, Morningstar, Elon Musk, Goldstein, that's, BYD Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance Locations: China, Tesla's, Shanghai

☆ China has a problem with electric cars and that's bad news for Elon Musk
▼ + stars: | 2024-04-05 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune from the slowdown. Related storiesCEO Elon Musk appears to have backed away from the price cuts strategy this year, however. There are plenty of public charging stations — about 2.7 million as at the end of 2023, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.

Persons: —, Tesla, anemic, hasn't, That's, Seth Goldstein, Morningstar, BYD, Elon Musk, Goldstein Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance, BYD Locations: China, Tesla's, Shanghai

☆ Why Is Adeel Mangi’s Confirmation Still in Jeopardy? - The New York Times
▼ + stars: | 2024-04-05 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +1 min

In 1999, a Florida lawyer, Anuraag Singhal, represented a man convicted of gunning down a police officer. Singhal had to somehow persuade a jury that his client, Jeffrey Lee Weaver, should face life in prison rather than the electric chair, the punishment the hard-charging prosecutor sought. The article described tears rolling down his cheeks, and his voice breaking with emotion as he pleaded for Weaver’s life. A divided jury recommended life in prison. He would become active in conservative legal circles, joining the local chapter of the Federalist Society.

Persons: Anuraag, gunning, Singhal, Jeffrey Lee Weaver, Jeff Weaver, you’ll, ” Singhal, Donald Trump, Catherine Cortez Masto, Jacky Rosen, Joe Manchin Organizations: The Sun Sentinel, Federalist Society, Democratic Locations: Florida, Nevada, West Virginia

☆ Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge
▼ + stars: | 2024-04-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A man serving a life sentence for kidnapping and other crimes while in a Georgia prison built two bombs which he mailed to a District of Columbia office building and the federal courthouse and building in Anchorage, Alaska, prosecutors allege. The bomb that went to Washington, D.C., was mailed to the Bond Building, whose office tenants include the Department of Justice. "Protecting our personnel and facilities is a fundamental role of our office and of our law enforcement partners," said U.S. Attorney Jill Steinberg, whose office is prosecuting Cassady. Barry Paschal, a spokesman for the U.S. Attorney's Office, declined to comment when asked to explain the more than four-year lag between Cassady allegedly mailing the bombs, and being charged in the case. Paschal said he could not comment on details of the case beyond those contained in the indictment.

Persons: David Cassady, Cassady, Jill Steinberg, Barry Paschal, Paschal Organizations: Columbia, Washington , D.C, Bond, Department of Justice, U.S, Attorney's, DOJ Locations: Georgia, Anchorage , Alaska, Tattnall County, U.S, Statesboro , Georgia, Washington ,, United States, Anchorage

☆ Google's AI search tool doesn't seem to have mastered math yet
▼ + stars: | 2024-04-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.

Persons: —, Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service

☆ US tourist on safari in Zambia killed by charging elephant
▼ + stars: | 2024-04-04 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —An elderly American woman was killed in Zambia after an elephant charged at a vehicle carrying tourists in Kafue National Park. “This is a tragic event and we extend our deepest condolences to the family of the guest who died,” he said. The deceased woman has since been named as 79-year-old Gail Mattson by her family, correcting the age initially cited by Wilderness. “We would like to share some amazing pictures of our wonderful Mom’s trip to South Africa with her friends and family. Zambia is popular with safari travelers thanks to a number of national parks and the quality of its guides.

Persons: Keith Vincent, “, ” Vincent, ”, Gail Mattson, Blake Vetter, Vetter, Mattson, ” Vetter, Rona Wells, ” Wells, Bianca Rudolph, Lawrence Rudolph Organizations: CNN, Wilderness, Facebook Locations: American, Zambia, South Africa, Africa

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Persons: Federal nRewards, cardholders, Read, Cardholders, — Organizations: Business Insider, Navy Federal Credit, Card, Navy Federal Credit Union, Citi, Federal Credit, Credit, National Guard, Department of Defense, DOD, The Navy Federal Credit, Federal Credit Union, Emergency Assistance Navy Federal Credit, Federal, American, Walmart, Wells, Citi Diamond Preferred, Navy, Navy Federal, of Defense, Business Locations: Wells

☆ Amazon’s cashier-less technology was supposed to revolutionize grocery shopping. It’s been a flop
▼ + stars: | 2024-04-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

But now, Amazon is walking back its “Just Walk Out” technology at its grocery stores, reining in grand promises of an automated, friction-less checkout. Customers just haven’t bought into cashier-less technology, especially in grocery stores where they purchase larger quantities and face extra tasks such as weighing produce. Customers entered Fresh stores using Amazon One palm recognition, the app or a credit or debit card. Amazon Fresh strugglesThe tech giant opened its first Amazon Fresh store in 2020, and has more than 40 locations across the US. But Amazon Fresh has faced setbacks since it debuted, including challenges getting shoppers to buy groceries in its Amazon Fresh grocery stores, and it laid off workers.

Persons: Amazon, haven’t, ”, they’ve, Andy Jassy, “ We’ve, Nathaniel Meyersohn, Moira Ritter Organizations: New, New York CNN, Amazon, Fresh, CNN, Dollar, Walmart, Costco, Foods Locations: New York, India, Washington, Chicago, Southern California

☆ Middle East Crisis Israeli Military Takes Responsibility for Strike That Killed 7 Aid Workers
▼ + stars: | 2024-04-03 | by ( Ben Shpigel | Cassandra Vinograd | ) www.nytimes.com time to read: +8 min

A car used by World Central Kitchen that was hit by a strike in Deir al Balah in the central Gaza Strip. The Israeli military had been informed of the aid workers’ movements, the charity said. The World Central Kitchen logo could be seen on items inside the charred interiors of the northernmost and southernmost cars. Mr. Abutaha and other World Central Kitchen workers were thrilled to have the opportunity to unload the desperately needed food aid. The World Central Kitchen aid ship is headed back to Cyprus.

Persons: Deir al Balah, José Andrés, Benjamin Netanyahu, Israel, ”, Erin Gore, Anthony Albanese, Zomi, Penny Wong, Damian Sobol, Wojciech Bakun, Zomi Frankcom, Associated Press David Cameron, John Chapman, James Henderson, James Kirby, Chapman, Henderson, Jacob Flickinger, Saif Abutaha, Abutaha, Shadi, “, Cameron, Israel “, Jamie McGoldrick, Haitham Imad, Mr, Netanyahu, ” Mr, Herzi Halevi, Daniel Hagari, Jennifer, Theodoros Gotsis, Gotsis, Patrick Kingsley, Rawan Sheikh Ahmad, Gabby Sobelman, Matina, Lauren Leatherby, Nader Ibrahim, Kim Severson Organizations: Central Kitchen, The New York Times, ”, ., Free Place Foundation, Associated Press, BBC, James Kirby . Local, Royal Marines, Palestine Red Crescent Society, Central, West Bank, Najjar, United Nations, Agence France, Cypriot Locations: Deir al, Gaza, Spanish, Deir al Balah, Al, Rashid, Palestinian, United States, Canada, Australia, Britain, Poland, Australian, Polish, Przemysl, British, James Kirby . Local British, Palestine, Egypt, Israel, Rafah, Cyprus, Cypriot, Larnaca

☆ Exclusive: An investor in once-hot mental health startup Cerebral is suing the company
▼ + stars: | 2024-04-03 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Read previewAccess Industries, the investment firm founded by billionaire Len Blavatnik that invested in mental health company Cerebral, is suing the company and another of its backers as tensions mount inside the mental health company, according to documents obtained by Business Insider. It's the latest challenge to the once-hot mental health startup, which launched in 2020 to provide mental healthcare online. The lawsuit, filed by Access Industries on April 2 in Delaware, alleges an undercover power grab by WestCap, another Cerebral investor. A sinking shipOnce the hottest and fastest-growing mental health startup, Cerebral's fall from grace has been stunning. Since then, Cerebral hasn't raised any more venture funding, and the mental health company has conducted at least three rounds of layoffs.

Persons: —, Len Blavatnik, WestCap, David Mou, SoftBank Organizations: Service, Business, US Department of Justice, Access Industries, DOJ, Industries, Wall Street Journal, Bloomberg, US Drug Enforcement Administration, New York Locations: Delaware, WestCap

☆ Tesla can't outrun the EV slowdown
▼ + stars: | 2024-04-02 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

AdvertisementElectric-vehicle leader Tesla is finally starting to feel the pinch of a slowdown in EV sales that is already rocking the rest of the industry. This rough quarter is the first sign that the EV leader is not immune to a slowdown in electric vehicle sales that has dogged its competitors since the latter half of 2023. Related storiesSo far, Tesla has largely been able to keep up with a changing demographic of electric vehicle shoppers by flexing its hefty profit margins to lower prices. Is Tesla ready for the next wave of EV buyers? For the newest electric car shoppers in the market, simply lowering prices may not be enough to win them over.

Persons: —, Tesla, Elon, Deutsche Bank's Emmanuel Rosner Organizations: EV, Service, Boston Consulting Group, Deutsche

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