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☆ Why Home Depot's weak outlook could be a warning sign for Target earnings
▼ + stars: | 2023-05-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Robyn Beck | AFP | Getty ImagesHome Depot and Target may sell very different kinds of merchandise. But the home improvement retailer's slashed forecast could be seen as a warning sign for the cheap chic retailer. On the other hand, Target, Walmart and other retailers that report in the coming weeks draw from a more representative pool of Americans. Discretionary spending fell year over year in the U.S., according to data from Circana, a market researcher formerly known as The NPD Group and IRI. Plus, Home Depot has some sector-specific advantages — even as mortgage rates rise — that could insulate it from some of the effects of lower discretionary spending.

☆ Some of Elon Musk's fans are furious newly appointed Twitter CEO Linda Yaccarino chairs a World Economic Forum committee
▼ + stars: | 2023-05-12 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Elon Musk announced the hire of Linda Yaccarino as the new CEO of Twitter Friday. Some conservatives are upset over her ties to the World Economic Forum, where she chairs a committee. Liberal Twitter users have pointed out that she follows and likes tweets from prominent conservatives. Some high-profile Twitter conservatives like "Catturd" also chimed in on Friday, taking issue with Yaccarino and claiming she is "deeply infected with the woke mind virus." Left-leaning Twitter users pointed out a list of conservative accounts Yaccarino follows and likes tweets, from including Catturd, Florida Gov.

☆ They bought a huge rundown Italian castle and transformed it into a luxury retreat
▼ + stars: | 2023-05-09 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +8 min

“And to think that we never wanted a castle, never wanted to own one.”Castle homeMax and Joy Ulfane spent years renovating neglected Tuscan fortress Castello di Fighine into a luxury retreat. Although it was dilapidated and filled with rubble, the Ulfanes saw huge potential in Castello di Fighine and felt it was the right place for them. Castello di FighineThe Ulfanes later decided to purchase some of the rundown houses in the surrounding hamlet, and began renovating them once they’d completed most of the work on Castello di Fighine. They went on to purchase the hamlet’s old village school, and have since transformed it into a high-end restaurant, Ristorante Castello di Fighine. Built in the 11th century as a military lookout, Castello di Fighine is connected to the main road by one single unpaved public path.

☆ Rocket Lab revenue increases slightly, company adds NASA launch contract
▼ + stars: | 2023-05-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Rocket Lab's revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle. Rocket Lab said an increase in R&D spending for its Neutron rocket and Photon spacecraft drove a rise in expenses. The development of our larger rocket Neutron is continuing at pace," Rocket Lab founder and CEO Peter Beck said in a statement. It had $450 million in cash on hand at the quarter's end, down from $484.3 million the prior quarter. Shares of Rocket Lab were little changed in after-hours trading from its close at $3.94 a share.

☆ Elon Musk once praised a rocket CEO who didn't go to college for beating Jeff Bezos to orbit, new book reveals: 'Bezos has spent a shitload of money, and he hasn't made it'
▼ + stars: | 2023-05-08 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

A new book reveals Elon Musk once praised a rival New Zealand rocket CEO in a 2018 phone call. Musk said it was "impressive" that Rocket Lab launched a rocket into orbit before Blue Origin, per the book. Like SpaceX, Rocket Lab has been able to launch rockets into orbit — something Bezos' Blue Origin company has not yet achieved. In March, Rocket Lab launched its 35th Electron rocket just a week after launching its 34th Electron rocket. Neither Rocket Lab, Blue Origin, nor Musk responded to Insider's requests for comment.

☆ Loaf-size mission to improve hurricane forecasting is ready to launch
▼ + stars: | 2023-05-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —A new mission designed to improve hurricane forecasting is ready to launch, just ahead of the June 1 arrival of the 2023 Atlantic hurricane season. The NASA mission includes a constellation of CubeSats called TROPICS, or Time-Resolved Observations of Precipitation structure and storm Intensity with a Constellation of Smallsats. The launch of this first mission, nicknamed “Rocket Like a Hurricane,” will stream live on NASA’s website and Rocket Lab’s website. Two additional CubeSats, nicknamed “Coming to a Storm Near You,” will launch from the same location later this month. The TROPICS satellites will launch from New Zealand.

☆ Big Tech Earnings Spark Hope That Worst Is Over
▼ + stars: | 2023-04-29 | by ( Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

Google eked out an operating profit for its cloud business for the first time this quarter. Photo: robyn beck/Agence France-Presse/Getty ImagesResults from the big tech companies have sparked investors’ hopes that the worst of the postpandemic hangover is fading, but they also show how much growth has slowed. Companies as varied as Amazon .com Inc., Google-parent Alphabet Inc., Meta Platforms Inc. and Intel Corp. signaled to investors in recent days that the brutal slowdown in sales growth that began as people emerged from the pandemic and re-engaged with daily routines was coming to an end.

☆ Marjorie Taylor Greene says that 'everyone I've talked to' is boycotting Fox and deleting its app after Tucker Carlson's ousting
▼ + stars: | 2023-04-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Marjorie Taylor Greene said "everyone" she talks to is shunning Fox News after Tucker Carlson's exit. They have deleted Fox News on their phones and canceled their Fox Nation subscriptions, she said. Fox Corporation stock fell as much as 5% on Monday after Carlson's shock departure was announced. Fox News said on Monday that the network and Carlson, who was their top-rated host, had "agreed to part ways." "That's what they think they're doing to Tucker Carlson.

☆ Tucker Carlson's next move
▼ + stars: | 2023-04-26 | by ( Aaron Short | ) www.businessinsider.com time to read: +9 min

Tucker Carlson's dismissal signals a new realignment in conservative media. Nobody at Fox "was as connected to the MAGA base as Tucker Carlson," one ex-Trump official said. Whatever the reason, Carlson's dismissal signals a new realignment in conservative media. Last month, Tucker Carlson Tonight was the top-rated program among all news channels with 3.25 million viewers including 421,000 viewers in the coveted age 25-54 demographic. His previous work includes the 2022 profile of Carlson, The Tucker Carlson Origin Story.

☆ Ocean acidification is destroying coral reefs. Here's how 2 scientists are using bone research to protect them against climate change.
▼ + stars: | 2023-04-26 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

It's becoming more acidic — hitting marine ecosystems and causing coral reefs to crumble. Increased acidity could devastate marine ecosystems, which are built upon coral reefs, and in turn, affect the fish and seafood humans eat. Ocean acidification: Lophelia pertusa coral in noncorrosive water off the Southern California Bight. The research began in January and will run for one year, with data collected in monthly intervals to help understand coral responses to ocean acidification and timescales. That's not just ocean acidification, but carbon-dioxide emissions, deforestation near coral reefs, and fishing practices like trawling, he said.

☆ Opinion | Tucker Carlson’s Firing by Fox News
▼ + stars: | 2023-04-25 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Fox News Ousts Carlson, a Voice of the Far Right” (front page, April 25):Tucker Carlson’s firing by Fox News is being covered as big news (everywhere except, of course, at Fox News). The coverage includes speculation about whether the firing heralds a change of direction for Fox News away from peddling sensationalist conspiracy theories to its primary audience. Fox News’s business model involves presenting sensationalist, conspiracy-laden fodder to appeal to America’s angry, frightened right wing. This has been so whether the characters have been named Glenn Beck, Sean Hannity, Bill O’Reilly or Tucker Carlson. The actor Tucker Carlson has been fired by Fox News, but nobody should assume that Fox News has abandoned the character that he played on TV.

☆ AOC celebrates as Tucker Carlson is ousted from Fox News: 'Couldn't have happened to a better guy'
▼ + stars: | 2023-04-25 | by ( Natalie Musumeci | Madison Hall | ) www.businessinsider.com time to read: +2 min

Rep. Alexandria Ocasio-Cortez celebrated Tucker Carlson's bombshell ousting at Fox News. "Couldn't have happened to a better guy," Ocasio-Cortez said in a video posted to her Instagram. Still, Ocasio-Cortez said she is wary that Carlson will bounce back. Fox News announced it had parted ways with Carlson, the network's top host, on Monday. Several prominent right-wing personalities, such as Glenn Beck and Matt Walsh, voiced their displeasure and shock about Carlson's firing on Twitter on Monday.

☆ Ex-Fox News hosts Glenn Beck and Megyn Kelly are trashing its decision to cut Tucker Carlson: 'A suicidal move'
▼ + stars: | 2023-04-25 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Ex-Fox News hosts Glenn Beck and Megyn Kelly trashed the network over Tucker Carlson's ousting. "To me, this is a suicidal move for Fox," Beck said after Fox News cut ties with Carlson. Kelly said, "This is a terrible move by Fox, and it's a great thing for Tucker Carlson." Ex-Fox News hosts Glenn Beck and Megyn Kelly trashed the network for suddenly cutting ties with its primetime star Tucker Carlson, slamming it as a "suicidal" and "terrible" move. "This is a terrible move by Fox, and it's a great thing for Tucker Carlson," Kelly said on Monday's episode of her SiriusXM program "The Megyn Kelly Show."

☆ Tucker Carlson’s departure won’t change Fox News
▼ + stars: | 2023-04-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But if history is any guide, there’s one thing we can count on: Cutting Tucker Carlson loose is not a sign that Fox is ready to change its ways. He regularly brought fringe, racist talking points such as the “great replacement” conspiracy theory into the mainstream. The content on “Tucker Carlson Tonight” made “The O’Reilly Factor” look like “Leave It to Beaver.”That strategy wasn’t a new one for Fox. “There will be a new Tucker Carlson, and it’s a good bet he or she will be even worse,” wrote David A. Graham in The Atlantic. Tucker Carlson, left, and former President Donald Trump, talk while watching golf.

☆ Fox News’ sudden firing of Tucker Carlson may have come down to one simple calculation
▼ + stars: | 2023-04-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

In the hours following Carlson’s abrupt dismissal from the right-wing channel, a number of explanations have emerged — all with plausibility. One veteran television news executive told me that they believed the decision came down to a straightforward calculation by the Murdochs: Risk versus reward. It is pretty much enshrined as a law of physics in the universe of right-wing media that whoever the Murdochs put in prime time will rate. All that said, Carlson will test the hypothesis that Fox News as a brand trumps any single personality. Carlson is a force unlike any other in right-wing media and politics.

☆ What’s Next for Tucker Carlson? Former Anchors Chart a Possible Course
▼ + stars: | 2023-04-24 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +1 min

Tucker Carlson is joining a long list of nightly news hosts who once commanded huge audiences before quick departures from their networks. 71 in Apple’s top podcast charts for news shows in the United States, according to Chartable, a podcast insights company. The site had 1.2 million visits last month, according to SimilarWeb, a web traffic monitoring company. That included The Blaze, a news and video website that had 12 million visits last month, according to SimilarWeb. 13 in Apple’s top podcast charts for news shows in the United States, according to Chartable.

☆ 'DONE WITH FOX': Right-wing pundits, politicians, and influencers (and Glenn Greenwald) rage against Fox News after it parts ways with Tucker Carlson
▼ + stars: | 2023-04-24 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +3 min

Tucker Carlson and Fox News parted ways Monday. "I think that'll kill Fox," Glenn Beck said during his streaming show . "Wherever Tucker Carlson goes, America will follow!" Eric's brother Donald Trump Jr. was also upset:Starting midday Monday, the phrase "DONE WITH FOX" started to trend on Twitter. — Glenn Greenwald (@ggreenwald) April 24, 2023

☆ Tesla's price cuts highlight Elon Musk's last advantage in the EV business
▼ + stars: | 2023-04-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Teslas are cheaper than everA Tesla Model Y. Patrick Pleul/Getty ImagesIn the market for a new car? Elon Musk's hoping that recent price cuts might turn you on to a Tesla. The billionaire might just be turning to his one remaining advantage in the EV business. But Tesla can cut prices and still deliver profits, something rival automakers struggle to do in their EV businesses. While Tesla investors are worrying about profits, Musk's rivals have their own reasons to be concerned, Stephen Beck, founder and managing partner of consultancy cg42, told Insider.

☆ SVB CEO, CFO resign, company appoints turnaround expert as interim finance head
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - SVB Financial Group's CEO and chief financial officer resigned this week while the collapsed lender's restructuring committee appointed a turnaround expert as interim CFO, according to a regulatory filing on Friday. CEO Gregory Becker resigned on April 19, while finance chief Daniel Beck left the company on April 18, SVB said. The two top executives were sued in March by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit "particularly susceptible" to a bank run. The restructuring committee appointed Nicholas Grossi of A&M as the company's interim chief financial officer on April 20, according to the filing. The regulators then agreed to backstop a deal for regional lender First Citizens BancShares (FCNCA.O) to acquire Silicon Valley Bank.

☆ SVB says CEO, CFO resigned this week
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - SVB Financial Group CEO Gregory Becker and financial chief Daniel Beck resigned this week, the collapsed lender said in a regulatory filing on Friday. Becker resigned on April 19, while Beck left the company on April 18, SVB said. The two top executives were sued in March by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit "particularly susceptible" to a bank run. The restructuring committee appointed Nicholas Grossi of A&M as the company's interim chief financial officer on April 20, according to the filing. The regulators then agreed to backstop a deal for regional lender First Citizens BancShares (FCNCA.O) to acquire Silicon Valley Bank.

☆ SVB Financial Group: CEO Greg Becker and CFO Daniel Beck have resigned
▼ + stars: | 2023-04-21 | by ( David Goldman | ) edition.cnn.com time to read: 1 min

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☆ Elon Musk isn't giving up on his price war, and it's making Tesla investors anxious
▼ + stars: | 2023-04-20 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla's profits took a hit in Q1 thanks to price cuts. Margins are now 'keeping Tesla investors up at night,' Wedbush analyst Dan Ives said. "Margins are now a delicate issue that are keeping Tesla investors up at night," Wedbush analyst Dan Ives wrote in a Thursday note to clients. Elon says he knows what he's doingWhile some investors angst over Tesla's price cuts, Musk defended the company's strategy in a call with analysts after earnings were released Wednesday evening. "We've taken a view that pushing for higher volumes and a larger fleet is the right choice here, versus a lower volume and higher margin," Musk said.

☆ UK inflation stays at 10% as bread rises at record clip. Here’s why it’s proving hard to beat
▼ + stars: | 2023-04-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —UK inflation remained above 10% in March, far higher than in the United States and Europe, as bread prices rose at a record pace. Energy an ‘Achilles’ heel’The United Kingdom is a net importer of energy, unlike the United States. UK inflation to fall sharplyThe good news is that UK inflation is expected to fall rapidly through the remainder of the year, as lower wholesale gas prices feed through to household energy bills. From April, “UK inflation might start to drop faster than in Europe,” he said. But core inflation could take longer to fall in the United Kingdom, according to Gregory of Capital Economics.

☆ Rocket Lab CEO Peter Beck on building hypersonic technology
▼ + stars: | 2023-04-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRocket Lab CEO Peter Beck on building hypersonic technologyCNBC’s Morgan Brennan with Rocket Lab CEO Peter Beck, join 'Closing Bell: Overtime' to discuss the company's plans to go hypersonic.

The largest U.S. lender gained $50 billion in deposits at the end of March, its first-quarter earnings report showed. That compares to Citigroup Inc (C.N), where deposits were largely flat, and a decline at Wells Fargo & Co (WFC.N). Investors have closely scrutinized deposits after the collapses of Silicon Valley Bank and Signature Bank last month rattled markets, prompting regulators to step in to guarantee their customers' deposits. JPMorgan reported a 2% rise in deposits to $2.38 trillion at the end of the quarter compared with the end of 2022. Deposits at Wells Fargo slid 2% to $1.36 trillion as customers moved their money to higher-yielding accounts and products.

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