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For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.

Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain

☆ ISS says unions and pension funds should back Norfolk Southern activist investor
▼ + stars: | 2024-05-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Norfolk Southern Chief Executive Alan Shaw testifies during a Senate Commerce, Science and Transportation Committee hearing titled "Improving Rail Safety in Response to the East Palestine Derailment" in Washington, U.S., March 22, 2023. Norfolk Southern -invested unions and pension funds should back activist Ancora's full seven-director slate at the railroad's shareholder meeting later this month, two different Institutional Shareholder Services proxy advisory services said. Neuberger Berman said earlier that it would support Ancora's case for change at Norfolk Southern, while Canadian asset manager EdgePoint also reaffirmed on Thursday that it would be voting its shares with the activist. (EdgePoint was initially partnered with Ancora's campaign at Norfolk Southern but dissolved that arrangement months earlier.) Top institutional shareholders include Vanguard, BlackRock, State Street and Dodge & Cox, as well as California's pension funds, CalPERS and CalSTRS, and Colorado's public pension fund.

Persons: Alan Shaw, Ancora's, Taft, Jim Barber, Glass Lewis, Barber, investor's, Ancora, Neuberger Berman, EdgePoint Organizations: Norfolk Southern, Commerce, Science, Institutional, Hartley Advisory Services, Social Advisory Services, CNBC, UPS, ISS, Norfolk Southern's, Norfolk, Vanguard, Dodge, Cox Locations: East Palestine, Washington , U.S, Norfolk, East Palestine , Ohio, BlackRock

☆ Opinion | Biden Said the Right Thing on Campus Protests. Will It Matter?
▼ + stars: | 2024-05-01 | by ( Michelle Cottle | ) www.nytimes.com time to read: +1 min

Well, I basically agreed with President Biden’s remarks today about the campus protests. Which, come to think of it, is probably a bad sign for him. This is more or less the position several colleges have been spotlighting in recent weeks. That said, it seems unlikely Biden’s words will impress much of anyone, and certainly no one already worked up about the situation. Plenty of young people, upset by his policies in Gaza and further upset by the rough response to protesters by some colleges, are likely to see it as a weak dodge.

Persons: Biden’s, it’s Locations: Gaza

☆ Opinion: I’m a 16-year-old high school student. This is why young journalists matters.
▼ + stars: | 2024-05-01 | by ( Opinion Quinn Mitchell | ) edition.cnn.com time to read: +5 min

He runs a podcast and has attended over 100 presidential campaign events. I’ve asked presidential candidates pointed and respectful questions. At an “Our Great American Comeback” event in New Hampshire, DeSantis evaded responding to my question about the peaceful transfer of power. Gen Z journalists are often shut down by authoritative figures and officials, and student journalists across the country are not guaranteed complete constitutional First Amendment protection — discouraging active participation from students and rousing fear of litigation. While some might think we’re “too young” to be concerned about or understand national policy, these outcomes determine our future: a future that Gen Z is increasingly concerned about.

Persons: Quinn Mitchell, CNN —, Quinn Mitchell Kristopher Radder, I’ve, who’s, —, ”, Ron DeSantis, DeSantis, “, Nikki Haley, Haley, Young, Z Organizations: CNN, Trump, Republican, Democratic, Florida Gov, South Carolina Gov, Tufts, Twitter Locations: Walpole , New Hampshire, New England, Brattleboro, New Hampshire, Florida

☆ No, the electric vehicle market isn’t crashing. It just needs recharging.
▼ + stars: | 2024-05-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

The second is the rate of EV sales growth is slowing, at least temporarily. The EV market is not collapsing, experts say, it’s just entering a new phase. Teslas still make up slightly more than half of all the electric vehicles sold in America, according to a report from Cox Automotive. But, just one year ago, Tesla produced more than 60% of all the EVs sold America. After having trouble cranking up production of its new generation of electric vehicles, GM seems to be accelerating.

Persons: it’s, ”, Coco Zhang, “, Teslas, Tesla, Cox, Ford, China’s Geely, Michael Lenox, Corey Cantor, Cantor, ” Cantor Organizations: New, New York CNN, International Energy Agency, ING, CNN, Cox Automotive, Ford, General Motors, Blazer, European Federation for Transport, Volvo, EV, China Passenger Car Association, University of Virginia, Bloomberg New Energy Finance, Vehicles, Chevrolet Bolt, Dodge Locations: New York, That’s, EVs, America, China, Europe, United States, ’

☆ A boomer explains why he left coastal Florida for a rural Arkansas town of 900 residents
▼ + stars: | 2024-04-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

So he decided to move from his city of 24,000 along the beach to a town of just 900 in rural Arkansas. While many older Americans continue moving to Florida, some have told BI that Florida has lost its feeling of "paradise." AdvertisementLeaving Florida and settling in ArkansasNovak was born in New Jersey but moved to Florida at 19. His wife wanted to sell his 4,000-square-foot Florida home, as their kids had moved out, and he and his wife wanted to downsize. AdvertisementMilan Novak bought his small home for $38,000 a decade ago in Mammoth Spring, Arkansas.

Persons: —, Milan Novak, he's, Novak, they'll, Arkansas Novak, Novak Fulton, there's, you'd, I'd Organizations: Service, Business, Chrysler Dodge, South Central, Realtors, Novak Fulton County, Walmart, Social Locations: Arkansas, Florida, Missouri, New Jersey, Edgewater, Daytona, Florida's, Willow Springs, Missouri's Ozark, Spring , Arkansas

☆ Speaker Johnson tries to dodge reporter’s question about Marjorie Taylor Greene’s motion to oust him
▼ + stars: | 2024-04-29 | by ( Clemente Duran-Ballen | ) edition.cnn.com time to read: 1 min

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☆ 9 ways rich real estate owners save big on taxes from putting mansions in trusts to donating rental property income
▼ + stars: | 2024-04-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

The richest 0.1% of Americans own $1.8 trillion in real estate, according to the Federal Reserve. Currently, individuals and married couples can gift or bequeath $13.61 million and $27.22 million, respectively, before a 40% federal estate tax kicks in. Here are nine little-known techniques that wealthy real estate owners use to pay less to Uncle Sam:Qualified personal residence trusts, better known as "QPRTs," effectively freeze the value of a real estate property for tax purposes. With an FLP, an individual — often a parent or two parents — pools their business assets, commonly real estate or stocks. The heirs don't own the trust assets, but rather have lifetime rights to the trust's income and real estate.

Persons: Uncle Sam, Trump, Sam Walton, Wrigley, Jeff Bezos, Rich, Ron Wyden, PPLI, Jackie O, I've, Edward Renn, remarries Organizations: Federal, Business, Walmart, Biden, Blackstone, Lombard, Taxpayers, IRS Locations: Trump, Florida, Wyoming, Plenty

☆ Ukraine says it caught a man trying to escape the country by paddling on an inflatable mattress to Moldova
▼ + stars: | 2024-04-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A man was caught trying to leave Ukraine via the Dniester River — on an air mattress. Ukrainian border agents found him paddling with his arms in an attempt to reach Moldova. AdvertisementUkraine's border service said on Wednesday that it caught a man attempting to cross into Moldova by "swimming" on an inflatable mattress in the Dniester River. The border service did not say if the man on the mattress was trying to dodge the draft. This isn't the first time the Ukrainian border service has caught someone in an air mattress-related incident.

Persons: — Organizations: Service, State Border Service, Dnipro, dodgers, The New York Times, BBC, NATO, Agents Locations: Ukraine, Moldova, Romanian, Russia, Ukrainian, Hungary, Kyiv

☆ Ford just reported a massive loss on every electric vehicle it sold
▼ + stars: | 2024-04-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another sign of the profit pressures on the EV business at Ford and other automakers. The EV unit, which Ford calls Model e, sold 10,000 vehicles in the quarter, down 20% from the number it sold a year earlier. Some are also sold in its Ford Pro unit, which handles fleet sales to businesses and government buyers. The number of vehicles sold by Ford Pro was up 21% to 409,000.

Persons: Ford, John Lawler, Jim Farley, Tesla Organizations: New, New York CNN, Ford, ”, Ford Pro, US Postal Service, General Motors, American EV, Jeep, Dodge, Chrysler, European EV Locations: New York, EBIT, North America

☆ Live updates: House vote for Ukraine, Israel and Taiwan aid
▼ + stars: | 2024-04-20 | by ( Kaanita Iyer | Shania Shelton | ) edition.cnn.com time to read: +1 min

House Minority Leader Hakeem Jeffries continued to dodge on whether House Democrats would be willing to help save Speaker Mike Johnson from a potential ouster led by members of his own party. "We're working right now to get the national security legislation over the finish line. Asked for his message to his caucus ahead of Saturday's votes on foreign aid, Jeffries said, "Let's get this done for the good of the American people." Democratic Rep. Dan Goldman also would not say Saturday whether he would be willing to offer a vote to save Johnson. Rep. Richie Neal, a Democrat from Massachusetts, told reporters it was "premature" to answer whether he'd save Johnson.

Persons: Hakeem Jeffries, Mike Johnson, that's, we'll, CNN's Manu Raju, Johnson, Jeffries, Dan Goldman, Goldman, Richie Neal Organizations: New York Democrat, Democratic Locations: Massachusetts

☆ Whatever happened to the two-door car?
▼ + stars: | 2024-04-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

There are still two-door cars today, of course, but they’re almost all high-performance sports cars not intended for comfortable cruising. For car designers, two-door models can offer more striking proportions to play with, long hoods that evoke power and tapered, aerodynamic back ends. Today, it’s rare to see a two-door car that isn’t a performance model like the Mustang or Corvette. Today, if you have a two-door car and you have kids, you also have a backache. While some two-door cars used to be bargain items – the cheapest entry-level cars were almost always two-door hatchbacks – today two-door models are seen mostly in European luxury car showrooms.

Persons: Ricardo Montalbán, Brian Rabold, Bob D'Olivo, ”, Kevin Kirbitz, who’s, “, Rabold, ” Rabold, Scott Krugger, Kia Rio, You’ve, Gorden Wagener Organizations: CNN, Chrysler, Network, Riviera, GM, Ford Thunderbird, Chevrolet Corvette, Thunderbird, Ford, Stellantis’s Dodge, Nissan, Cox Automotive, BMW, Audi, Mercedes, Benz, American Mercedes Locations: Chrysler Cordoba, Cordoba, United States, American

☆ VW Workers in Tennessee Vote for Union, a Labor Milestone
▼ + stars: | 2024-04-19 | by ( Neal E. Boudette | ) www.nytimes.com time to read: +1 min

In a landmark victory for organized labor, workers at a Volkswagen plant in Tennessee have voted overwhelmingly to join the United Automobile Workers union, becoming the first nonunion auto plant in a Southern state to do so. In a statement late Friday, the company said that the union had won 2,628 votes, with 985 opposed, in a three-day election. to organize the Chattanooga factory over the last 10 years were narrowly defeated. The outcome is a breakthrough for the labor movement in a region where anti-union sentiment has been strong for decades. won record wage gains and improved benefits in negotiations with the Detroit automakers.

Organizations: Volkswagen, United Automobile Workers, Detroit automakers, General Motors, Ford Motor, Chrysler, Jeep Locations: Tennessee, Southern, Chattanooga

☆ Here's what to know about adding foreign bond exposure to your portfolio
▼ + stars: | 2024-04-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Investors have been raking in income thanks to attractive yields in the U.S. bond market. Investing in global bond funds Individual investors can add exposure to foreign bonds through global bond funds. There are hedged funds, which hedge foreign currency exposure back to the U.S. dollar and therefore reduce currency risk. "It's good to be diversified because foreign bond exposure is a massive part of the global bond markets," Mulach said. Here are Morningstar's top picks for global bond exposure: The Pimco strategies keep the bulk of their non-U.S. currency exposure hedged back to the U.S. dollar.

Persons: Rick Rieder, Rieder, Collin Martin, Martin, It's, Mike Mulach, Mulach, Rick Rieder's, Darla Mercado Organizations: BlackRock, SEC, Investment, U.S ., European, European Central Bank, Federal, Schwab Center, Financial Research, Morningstar, U.S, Strategic Global Bond Fund, Investor, Morningstar . Dodge, Cox's Global Bond Fund Locations: U.S, Europe, BlackRock, Mexico, Brazil

☆ A US Navy amphibious warship returned home for repairs just 10 days after deploying
▼ + stars: | 2024-04-17 | by ( Rachel Nostrant | ) www.businessinsider.com time to read: +6 min

USS Boxer, a Wasp-class amphibious assault ship, is returning home just 10 days after deploying. "USS Boxer is returning to San Diego to undergo additional maintenance in support of its deployment in the Indo-Pacific region," Lt. Cmdr. "We're seeing some potential delays on [the amphibious assault ship USS Wasp]," Franchetti said. A spokesperson for Surface Force Atlantic told Military.com following the incident that "during the underway, the ship discovered an engineering irregularity" and "returned to port to effect repairs." The amphibious assault ship USS Boxer transits the East Sea during Exercise Ssang Yong 2016 March 8, 2016.

Persons: Boxer, —, Cmdr, Jesus Uranga, Military.com, Uranga, Craig Z, Adm, Lisa Franchetti, Franchetti, Bill Dodge, Yong, Seaman Craig Z, Konstantin Toropin Organizations: US Navy, Service, USNI News, Navy, Marine Corps, Boxer, Marines, 15th Marine Expeditionary Unit, USNI, Space, Maritime, USS Boxer, USS Boxer U.S . 5th, . Navy, Naval, Surface Force, REUTERS, U.S . Navy, Reuters, USS, Somerset Locations: San Diego, Boxer U.S, USS Boxer U.S, Norfolk, Virginia, Handout, USS Somerset, Somerset, India

The information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Aspire Card. Here's how I combined rewards credit card points, benefits, and a free night certificate to take a $7,000 trip for less than $350 per person. Both my husband and I have the Hilton Honors American Express Aspire Card from American Express, and we had each gotten a free night certificate with that card. I transferred some American Express Membership Rewards points to British Airways to complete the transaction. The main reason was that our Aspire card came with up to $400 in resort credits a year, meaning our Waldorf charges were ultimately reimbursed.

Persons: you've, that's, Hilton, PlusPoints Organizations: Business, Hilton, Hyatt, Chase, Waldorf, Hilton Honors, American Express, Alaska Airlines, British Airways, Aspire Locations: Maui, Portland , Oregon, Hawaii, Portland, Alaska, West Coast, San Francisco

☆ Analysis: Can Netanyahu avoid triggering a regional war?
▼ + stars: | 2024-04-16 | by ( Nic Robertson | ) edition.cnn.com time to read: +6 min

In a paradigm shift after decades of shadow proxy war, Tehran is usurping Israel’s strategy. “We have decided to create a new equation,” Iran’s Islamic Revolutionary Guard Corps (IRGC) Commander Hossein Salami said. When faced with existential threats in the past, Israel has executed the most audacious raids the region has ever witnessed. The damage that can be inflicted on Iran is huge, is huge.”So the most important question right now must be, can Netanyahu read the room right – with Iran threatening to attack, allies warning him not to – and avoid triggering a regional war. Iran, he implied, won’t attack Israel as long as it fears America’s reaction.

Persons: CNN —, Joe Biden’s, Ebrahim Raisi’s, ” Israel, Hossein, “, Bashar al, Israel, Benjamin Netanyahu, Yoav Gallant, Benny Ganz –, David Barnea, Staff Herzi Halevi, Netanyahu, Bezalel Smotrich, of National Security Itamar Ben, Gvir, Ganz, Gallant, – Ganz, ” Netanyahu, ” Netanyahu’s, Saleh Al, Amos Yadlin, Yadlin, ” Yadlin, Bashar, Iran’s, Mohammad Reza Zahedi, Biden Organizations: CNN, Islamic Revolutionary Guard Corps, –, Staff, of National Security, IDF’s Military Intelligence, UN Security Locations: CNN — Israel, Israel, Iran, Tehran, Osirak, Syria, Tel Aviv, Gaza, Lebanese, Beirut, Lebanon, Damascus, America

☆ Trump’s extreme rhetoric is a mainstay of his 2024 campaign. Much of it could become a reality if he wins another term
▼ + stars: | 2024-04-13 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +12 min

His pledge to direct Justice Department investigations is backed by allies who view his second term as driven by a maximalist theory of a president’s authority. But it also underscores why a second Trump term would be dramatically different. Some in Washington saw them as guardrails for a White House intent on fracturing not one, but all three branches of government. Yet Trump, should he secure a second term, would enter the White House with his most powerful Republican critics on Capitol Hill almost all gone. That would be a position that isn’t backed by his second term policy plans, or his private impulses during his first term in office – or, for that matter, in the decades prior.

Persons: Donald Trump, –, guardrails Trump, Jack Smith, Trump, ” Trump, Biden, ”, Joe Biden, he’s, He’s, Liz Cheney, Hillary Clinton, Clinton, John Kerry, John Bolton, It’s, Paul Ryan, Mitch McConnell, Ryan, ” McConnell, Mike Johnson, “, aren’t, Trump’s, – “, Hugh Hewitt, ” “, Charlie Rose, Rose, Larry King, Erin Burnett Organizations: CNN, Republican, Department, Capitol, Democrats, Trump, White, GOP, Joint Chiefs, Staff, Democratic, Trump’s Justice, Bolton, Congressional Republicans, Wisconsin Republican, Louisiana Republican, Mar, White House, Justice Department, CNBC Locations: Washington, Wisconsin, Louisiana

☆ I've been to 107 countries. Italy and Mexico are great, but these 5 underrated destinations should be on your travel radar.
▼ + stars: | 2024-04-10 | by ( Ash Jurberg | ) www.businessinsider.com time to read: +1 min

I've visited 107 countries, and I recommend these 5 that can be overlooked for more popular places. Estonia is a European dream, and Namibia is one of my favorite places in the world. AdvertisementThis year, travelers are looking to visit more under-the-radar destinations than popular ones — in part to dodge crowds and in part to save money. Some are specifically looking for "travel dupes," a term for destinations similar to popular spots that are often cheaper with fewer crowds. These more under-the-radar destinations are often less crowded, and your dollar just might go further.

Persons: I've, —, who's Organizations: Service, Business Locations: Estonia, European, Namibia, Costa Rica

☆ Trump's prospective hush money jurors will not be asked if they like him. They will be asked if they read the NY Times.
▼ + stars: | 2024-04-09 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Despite this, prosecutors and the defense will not be blinded to the jury pool's politics in selecting jurors. Jurors will still be asked if they have donated to either party or ever attended a rally or campaign event for Trump. And they'll be asked, "Do you have any feelings or opinions about how Mr. Trump is being treated in this case?" If they answer yes, they will not be asked to elaborate — only whether they can set their feelings aside and remain impartial.

Persons: —, Donald Trump's, Trump, Juan Merchan, Merchan, They'll, Donald Trump, Daniels, Michael Cohen Organizations: Service, GOP, New, Business, Manhattan, Trump Organization, Trump, New York Times, The New York Daily, Huffington Post, CNN, MSNBC, Street, The New, The New York Post, Newsday, Washington Post, Fox News, MSN, Google, Boogaloo Locations: USA, The New York, Manhattan

☆ Opinion | Trump Says Abortion Will Be Left to the States. Don’t Believe Him.
▼ + stars: | 2024-04-08 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

“The states will determine by vote or legislation or perhaps both, and whatever they decide must be the law of the land, in this case the law of the state,” said Trump. But let’s leave that aside for the moment, because when it comes to a second Trump administration, the most salient questions are about personnel, not legislation. Before Monday, Trump had reportedly considered endorsing a 16-week national abortion ban, but the fact that he didn’t should be of little comfort to voters who want to protect what’s left of abortion rights in America. Should Trump return to power, he plans to surround himself with die-hard MAGA activists, not the establishment types he blames for undermining him during his first term. And many of these activists have plans to restrict abortion nationally without passing any new laws at all.

Persons: Donald Trump, ”, Roe, Wade, Trump, he’s, what’s, MAGA Organizations: Trump, Republican Locations: Florida, America

☆ Trump is just days from his first criminal trial after latest legal gambit fails
▼ + stars: | 2024-04-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

And if there’s one of the four criminal trials that Trump would prefer to take place first, it’s this one. But there is a clear trend of him using frivolous legal challenges to slow the road to trials. With only four weekdays until the New York trial begins, the chances that it will be further delayed are fading fast. If he’s reelected, Trump would regain presidential powers that would allow him to stall or even end the federal case against him completely. “There is no democracy without robust and uninhibited freedom of expression,” Trump attorney Steve Sadow said in a statement.

Persons: Donald Trump, –, Trump, he’d, “, Judge Juan Merchan, ”, they’ve, Stormy Daniels, can’t, Joe Biden, Biden, couldn’t, “ Trump, He’s, Jack Smith, Smith, ” Smith, he’s, Smith’s, Aileen Cannon, ” Trump, Steve Sadow, Scott McAfee, Lizbeth González Organizations: CNN, Republican, Trump, Prosecutors, GOP Locations: Manhattan, New York, York, Trump, Chicago, Washington, Florida, Georgia, Fulton County, Washington , DC

☆ There is no loneliness epidemic
▼ + stars: | 2024-04-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +17 min

With the report, a steady trickle of headlines about the epidemic turned into a firehose: "Loneliness is at epidemic levels and it's killing Americans" (USA Today); "This Epidemic of Isolation Is as Harmful as Smoking" (Bloomberg); "America's Loneliness Epidemic Comes for the Restaurant" (The Atlantic). There's one problem: The loneliness epidemic doesn't exist. Even the authors caution in their meta-analysis that "the frequently used term 'loneliness epidemic' seems exaggerated." Calling it a "loneliness epidemic," then, may be a bit like calling COVID a "sneezing pandemic." "There are many, many surveys that are just making up questions about loneliness and are not using the UCLA Loneliness Scale or some other validated loneliness scale," she says.

Persons: Vivek Murthy, Murthy, Hillary Clinton, Donald Trump, Sen, Chris Murphy, Ruth, University of Michigan —, Eric Klinenberg, Julianne Holt, it's, Dave Sbarra, Holt, David Riesman, Lunstad, I've, —, Sbarra, Klinenberg, Adam Mastroianni, " Mastroianni, Mastroianni, Biden, isn't, Jill Lepore, voicemails, There's, Jerome Adams Organizations: Bloomberg, Business, York, Gallup, University of Michigan, New York University, Brigham Young University, University of Arizona, Bell, University of California Los, Commerce, UCLA, Republican, Democratic Locations: Connecticut, Brooklyn, University of California Los Angeles, America, Washington, DC, COVID

☆ Tesla short-seller names 2 auto stocks to own — giving them 100% upside
▼ + stars: | 2024-04-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors. Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14. His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates . Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development. "I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.

Persons: Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal Organizations: Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis

☆ Son of Dominican Republic Politician Is Fatally Shot in Houston, Police Say
▼ + stars: | 2024-04-03 | by ( Jesus Jiménez | More About Jesus Jiménez | ) www.nytimes.com time to read: +1 min

The son of a politician from the Dominican Republic was fatally shot outside a gas station in Houston on Monday night in what the police said they believed was a “targeted” drive-by shooting. The Houston Police Department on Wednesday identified the man who was killed as Luis Alfredo Pacheco Rojas, 34, son of Alfredo Pacheco, the president of the Chamber of Deputies of the Dominican Republic. Another 29-year-old man who was injured by gunfire in the attack had not yet been publicly identified. The incident began around 7 p.m. on Monday, when Mr. Pacheco and three men in a black Cadillac Escalade stopped at a gas station in southeast Houston, according to the Police Department. The four men went inside the gas station, and immediately afterward they returned to the Escalade.

Persons: Luis Alfredo Pacheco Rojas, Alfredo Pacheco, Pacheco, Escalade, Adrian Rodriguez Organizations: Houston Police Department, Police Department, Dodge, Benz Locations: Dominican Republic, Houston

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