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The Iranian armed forces are among the biggest in the Middle East, with 580,000 soldiers and officers and also 200,000 reservists. The start of a direct military confrontation between Iran and Israel has brought renewed attention to Iran’s armed forces. Instead, Israel and Iran have been engaged in a long shadow war via air, sea, land and cyberattacks, and Israel has covertly targeted military and nuclear facilities inside Iran and killed commanders and scientists. It’s that they realize any war against Iran is a very serious war.”What sort of military threat does Iran pose? The commander in chief of Iran’s armed forces is the supreme leader, Ayatollah Ali Khamenei, who has the last word on all major decisions.
Persons: , Afshon Ostovar, “ It’s, Ayatollah Ali Khamenei, Fabian Hinz, , Atta Kenare, Ostovar, Ayatollah Khamenei, Shah Mohammed Reza Pahlavi, Will Israel’s Organizations: Naval Postgraduate School, Islamic Revolutionary Guards Corps, International Institute for Strategic Studies, Guards, General Staff of, Armed Forces, Quds Force, Agence France, Phantoms, Iranian Army, Associated Press Locations: Tehran, Iranian, Iran, Israel, Damascus, United States, Washington, Lebanon, Yemen, Syria, Iraq, Jihad, Gaza, Berlin, speedboats, Persian, Hormuz, Russia, Ukraine, Sudan, North Korea
The bank reports $1.26 in earnings per share vs. $1.11 expected. A round of price target increases on Constellation Brands after its strong quarter and upside guide Thursday. Following the release and conference call, we reiterated our buy-equivalent 1 rating on shares and raised our price target to $300 from $270. A couple more price target cuts on Tesla . BMO starts coverage on the Novo Nordisk shares with a buy-equivalent outperform rating and a $163 per share price target.
Persons: Wells Fargo, Jefferies, Rosenblatt, Wells, Wedbush's Dan Ives, robotaxi, Eli Lilly, Jim Cramer's, Jim Cramer, Jim Organizations: Bank, JPMorgan, Citigroup, Constellation Brands, BMO, Devices, Arista Networks, Citi, EV, Boeing, Novo Nordisk, Jim Cramer's Charitable, CNBC Locations: China, Tesla, Wells Fargo
The United States Postal Service on Tuesday proposed an overall increase of nearly 8 percent on the price of postage, the latest in a series of stamp hikes over the past three years. The new prices would take effect in July, pending approval from an independent regulatory commission. Among other changes, a Forever stamp would cost 73 cents instead of 68 cents, and the price of a domestic postcard would rise to 56 cents from 53 cents. The Postal Service has faced financial issues for years because it is required to fund retiree health care benefits for its employees in advance. It’s also facing headwinds, like other postal services globally, as fewer people send mail.
Persons: It’s Organizations: United States Postal Service, Postal Service
Microsoft has reported significant revenue growth from clients running AI models in its Azure public cloud, and the company wants to keep the trend going by rolling out new AI features for developers. The new head of Microsoft AI, Mustafa Suleyman, will take the stage alongside CEO Satya Nadella and other longtime executives during the show's opening keynote in Seattle. Suleyman — a cofounder of DeepMind, the AI startup that Google acquired in 2014 — joined Microsoft last month from startup Inflection AI. The software maker will also talk about new AI features "that allow users deeper interaction with their digital lives on Windows," according to one session description. At Build, Microsoft plans to discuss how Windows apps will be able to tap Arm-based neural processing engines, or NPUs, for AI.
Persons: Mustafa Suleyman, Nadella, Satya Nadella, Suleyman —, , Dan Ives Organizations: Ltd, Economic, Microsoft, Microsoft's, DeepMind, Google, Windows, Intel Locations: Davos, Switzerland, Seattle
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's Arm-based chip is a 'flexing the muscles' moment, says Wedbush's Dan IvesDan Ives, Wedbush Sr. Equity Research Analyst, joins 'Closing Bell Overtime' to discuss Google's new Arm-based chip, Alphabet hitting record highs, Apple's recent performance and more.
Persons: Wedbush's Dan Ives Dan Ives, Wedbush Organizations: Equity Research
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
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's recently announced foray into developing home robots could end up being a "horror show" for the company, according to Wedbush analyst Dan Ives. Ives thinks such a shift would be detrimental to Apple, which should instead be primarily focused on leaning into artificial intelligence. Even amid his concern around Apple's home robots, Ives remains bullish on the company's stock trajectory over the medium-term. But that projection hinges on Apple continuing to put its AI at the forefront of its priorities, the analysts suggested.
Persons: , Dan Ives, Ives, Cook, Gene Munster, Munster, Apple Organizations: Service, CNBC, Bloomberg, Apple, Business, Department of Justice Locations: China, Cupertino
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's decision to cut more than 600 employees in California speaks to the challenges facing the technology titan and affecting its stock price — and why analysts are divided over its outlook. At the same time, reports suggest Apple is looking into building robots that help people with household tasks. Related storiesWorries that Apple has lost its way have weighed on its stock price. Even so, Apple is a mainstay of many stock portfolios and unlikely to fall much further, Craig Johnson, chief market technician at Piper Sandler, told Bloomberg.
Persons: , Gene Munster, Dan Ives, Cook, Apple, Craig Johnson, Piper Sandler, Warren Buffett, they've, Johnson Organizations: Service, Apple, Business, Deepwater Asset Management, CNBC, Big Tech, Microsoft, Bloomberg, Berkshire Hathaway, Yahoo Finance Locations: California, China, Europe, Berkshire
Elon Musk could turn around Tesla's 'trainwreck into a brick wall," Wedbush's Dan Ives said. But better days ahead will hinge on Musk reining in his distractions and retaking control, Ives said. AdvertisementTesla may be able to turn things around after seeing a "nightmare" first quarter, according to Wedbush's Dan Ives. That's made the first quarter an "unmitigated disaster" for Tesla, Ives said in a recent note, also describing the last quarter as a "black eye" and a "trainwreck into a brick wall" for Tesla. In terms of 1Q, this was just a massively soft quarter," Ives said to BNN Bloomberg on Wednesday.
Persons: Elon, Wedbush's Dan Ives, Tesla, Ives, , That's, We've, BNN, It's, Elon Musk's, Musk, Wedbush, Wells Organizations: Service, Tesla, BNN Bloomberg, Elon, JPMorgan Locations: China, Texas, Delaware, Wells Fargo
Tesla engineers are jumping ship to Elon Musk's AI startup, The Information reported. The report follows Musk's drive to gain more control over Tesla's AI strategy. Musk accused OpenAI of "aggressively recruiting Tesla engineers with massive compensation offers." He added he had been raising salaries for those on Tesla's AI engineering team in response. At the time, Dan Ives of Wedbush Securities said Musk's comments sparked a "firestorm."
Persons: , Elon Musk's xAI, Ethan Knight, Knight, Musk, gunning, Dan Ives, Ross Gerber Organizations: Elon, xAI, Service, Tesla, Business, Big Tech, Wedbush Securities Locations: xAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple would be a 'horror show' if it 'actually spent money on robots', says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.
Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome
It was so strong it set off tsunami warnings in Japan, China and the Philippines. But then, even in a fault-riddled place with long and hard experience with earthquakes, the jolt of aftershock after aftershock was startling, continuing every few minutes throughout the day. The magnitude-7.4 quake killed nine and injured at least 1,011 others, stretching an expert quake response system that has served as a model in other places. In Hualien County, close to the epicenter, 71 people were trapped in two mining areas as of Wednesday night and dozens of others were stranded, according to officials. Around 14,000 households were without water, and 1,000 households were without power.
Persons: aftershock Locations: Taiwan, Japan, China, Philippines, Hualien County
Tesla sales plunge far more than expected
  + stars: | 2024-04-02 | by ( Chris Isidore | ) edition.cnn.com   time to read: +3 min
Tesla has responded to increased competition by cutting prices. Although Tesla is more profitable than traditional automakers, the price cuts have been squeezing the profit margins that helped boost the stock. But the increased competition in the EV space is a big factor in the decline in demand. In the fourth quarter, Tesla lost the title of the world’s best-selling maker of EVs to Chinese automaker BYD. That has prompted some traditional automakers, such as General Motors and Ford, to pull back on their EV production plans.
Persons: New York CNN — Tesla, Elon, it’s, Tesla, Dan Ives, ” Ives, Organizations: New, New York CNN, Western, Tesla, Wedbush Securities, Motors, Ford Locations: New York, Fremont, China, Europe
Elon Musk's having a terrible year
  + stars: | 2024-04-02 | by ( Grace Kay | ) www.businessinsider.com   time to read: +5 min
Read preview2024 has been off to a rough start for Elon Musk. Musk's golden child, Tesla, has been facing headwinds in recent months. In the US, Musk's company is also facing softening demand from customers who appear to be growing increasingly weary of Musk's antics. Thus far, Musk's purchase of Twitter doesn't appear to be going according to plan. A judge recently tossed out a lawsuit Musk's X filed against a research group, saying the suit was an attempt to bully the social media site's critics into silence.
Persons: , Elon Musk, Tesla, Justin Sullivan Wedbush, Dan Ives, Ives, — that's, Oppenheimer, Colin Rusch, Musk, he's, OpenAI, Sam Altman, Kent Nishimura, Musk's X, X, Neuralink Organizations: Service, Elon, Business, EV, Twitter, CNBC, Tesla, Bloomberg, Fidelity, SpaceX Locations: Berlin, BYD
The magnitude 7.4 earthquake in Taiwan on Wednesday was the strongest in 25 years, the island’s Central Weather Administration said. Here’s a look back at some of the major earthquakes in modern Taiwanese history:
Organizations: Weather Administration Locations: Taiwan
Anyone expecting the Japanese royal family’s new Instagram account to generate memes or showcase a new side of the world’s oldest continuous monarchy should lower their expectations. Just some royals politely posing for pictures in their usual, formal way. The new Instagram page for Japan’s Imperial Household Agency — its first on any social media platform — posted its first image early Monday morning. By Tuesday evening, it had uploaded 19 more and collected nearly half a million followers. The page mostly shows Emperor Naruhito, Empress Masako and sometimes their daughter, Princess Aiko, standing up, sitting down or bowing at formal events over the past three months.
Persons: Emperor Naruhito, Empress Masako, Princess Aiko Organizations: Imperial Household Agency —, Tokyo Metropolitan Art Museum Locations: Tokyo, Kenya, Brunei
DETROIT (AP) — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. In its letter to investors in January, Tesla predicted “notably lower” sales growth this year. In March it temporarily knocked $1,000 off the Model Y, its top-selling vehicle. During the quarter, Tesla lost production time in Germany after a suspected arson attack cut its power supply. But sales growth slowed toward the end of the year.
Persons: Tesla, FactSet, Dan Ives, , Elon Musk, ” Ives, Ives, Itay Organizations: DETROIT, Tesla, Citi, U.S, EV Locations: Austin , Texas, Fremont , California, Red, China, Germany
Tesla 's big miss on first-quarter deliveries is raising alarm even among some of the stocks most strident supporters. Wedbush analyst Dan Ives, a long-time optimist about the automaker and its CEO Elon Musk, delivered a harsh review of the results on Tuesday morning. "While we were anticipating a bad 1Q, this was an unmitigated disaster 1Q that is hard to explain away. Otherwise, some darker days could clearly be ahead that could disrupt the long-term Tesla narrative," Ives said in a note to clients. "For Musk, this is a fork in the road time to get Tesla through this turbulent period otherwise troubling days could be ahead," Ives added.
Persons: Tesla, Dan Ives, Elon Musk, Ives, Musk, Wedbush Organizations: optimist, Tesla Locations: Tesla's Berlin, Delaware, Texas
Tesla is at a fork in the road, and Elon Musk has to turn things around quickly, according to Dan Ives. The Wedbush Securities analyst said we're seeing "a seminal moment in the Tesla story" right now. Tesla shares fell Tuesday after the company delivered fewer cars in Q1 than analysts expected. AdvertisementTesla is facing a do-or-die moment after the "unmitigated disaster" that was its first quarter, one analyst says. Elon Musk's electric carmaker delivered about 386,800 cars in Q1, the company reported Tuesday, far fewer than Wall Street analysts expected.
Persons: Tesla, Elon Musk, Dan Ives, , Elon Organizations: Wedbush Securities, Service, Wall Street, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla: Here's why Wedbush analyst Dan Ives has an outperform rating on the stockDan Ives, Wedbush Securities managing director, joins 'Squawk on the Street' to discuss why Dan Ives still has an outperform rating for Tesla, what turnaround needs to happen, and what Ives bases his hope with Tesla on.
Persons: Dan Ives, Tesla, Ives Organizations: Tesla, Wedbush Securities
Officials in Baltimore were preparing on Monday to open a temporary alternate channel around wreckage from the collapsed Francis Scott Key Bridge for “commercially essential vessels.”The bridge, a critical link to the Port of Baltimore, collapsed on March 26 after it was hit by a giant cargo ship. Wreckage has been blocking a vital shipping lane into the port ever since. The temporary channel was announced late Sunday by the state and federal agencies leading the response to the disaster. “This will mark an important first step along the road to reopening the port of Baltimore,” Capt. “By opening this alternate route, we will support the flow of marine traffic into Baltimore.”
Persons: Francis Scott Key, Capt, David O’Connell, Organizations: Port, Coast Locations: Baltimore, Port of Baltimore, Coast Guard’s Maryland
Wall Street is worried about Tesla's Q1 deliveries. Wedbush Securities analysts have called it "a nightmare quarter for Tesla." AdvertisementWall Street is getting nervous about Tesla's Q1 deliveries. Analysts' consensus puts the number of deliveries at 477,000 for Q1, according to UBS, which itself has cut its estimate to 432,000. Wedbush analysts called the company's Q1 deliveries "a nightmare quarter for Tesla."
Persons: , Morgan Stanley, Deutsche Bank's Emmanuel Rosner, Tesla, Daniel Ives, Elon Musk Organizations: Wedbush Securities, Tesla, Service, Deutsche Bank, EV maker's, UBS, Bloomberg, Deutsche, Wall, CNBC, Business Locations: Berlin, China
Shin Joon Hwan, an ecologist, walked along a road lined with cherry trees on the verge of blooming last week, examining the fine hairs around their dark red buds. The flowers in Gyeongju, South Korea, an ancient capital, belong to a common Japanese variety called the Yoshino, or Tokyo cherry. Mr. Shin’s advocacy group wants to replace those trees with a kind that it insists is native to South Korea, called the king cherry. “These are Japanese trees that are growing here, in the land of our ancestors,” said Mr. Shin, 67, a former director of South Korea’s national arboretum.
Persons: Shin Joon Hwan, , Shin Locations: Gyeongju, South Korea, Tokyo
Apple's iPhone shipments in China have fallen again, government data show. Apple shipped roughly 2.4 million smartphones in February — a 33% drop from 2023, per Bloomberg. AdvertisementThe latest iPhone data out of China imply Apple's still having a tough time in one of its biggest markets. Counterpoint Research, in its report released in early March, estimated that iPhone sales in China had dropped by 24% in the first six weeks of the year. "In essence, Apple needs China, and China needs Apple."
Persons: , Apple's, That's, it's, Dan Ives, Nicole Peng, Peng, Tim Cook, Ives Organizations: Apple, Bloomberg, Huawei, Service, China Academy of Information, Communications Technology, Counterpoint Research, Wedbush Securities, EU, China, Forum, CCP, Business Locations: China, Shanghai, Beijing
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