Economies by city in California & Politics
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Tesla Will Recall Cybertruck in Latest Setback: A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023 ...
nytimes.com/2024/04/19/business/tesla-cybertruck-recall.html
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut the price of its best selling Model Y, the Model X and the Model S by $2 ...
bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell
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Tesla's Elon Musk postpones India trip, sources say: Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra ...
reuters.com/world/india/teslas-elon-musk-postpones-india-trip-sources-say-2024-04-20/
Quick Glance: Elon Musk Postpones India Trip, Sources Say
- Tesla's CEO Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, according to three people familiar with the matter.
- Musk was expected to announce an investment of $2 billion to $3 billion, mainly to build a factory in India, following the government's policy of lowering high tariffs on imported cars if companies invest locally.
- His planned Sunday arrival was set to follow two days after the start of India's national elections, where Modi is projected to secure a rare third term.
- Reasons for the trip postponement were not immediately disclosed, and neither Tesla nor Modi's office responded promptly to requests for comments.
Musk’s India Trip to See Breakthroughs for Starlink, Tesla: Days after Tesla Inc.’s largest-ever round of layoffs and hours before its quarterly earnings ...
bloomberg.com/news/articles/2024-04-20/musk-s-india-trip-to-see-breakthroughs-for-starlink-tesla
Apple Says It Was Ordered to Pull WhatsApp From China App Store: Apple said it removed WhatsApp and Threads in its China app offerings Friday on Beijing’s orders ...
nytimes.com/2024/04/18/technology/apple-whatsapp-china-app-store.html
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
USC Cancels Graduation Keynote By Filmmaker Amid Controversy Over Decision To Drop Student's Speech
huffpost.com/entry/usc-speech-canceled_n_662317bbe4b0bf7f013849d6
Quick Glance: USC Cancels Filmmaker's Graduation Keynote Amid Controversy
- The University of Southern California canceled filmmaker Jon M. Chu's keynote speech just days after disallowing the student valedictorian from speaking.
- The private university in Los Angeles announced the cancelation of valedictorian Asna Tabassum's speech at the May 10 ceremony due to safety concerns.
- The university's decision was praised by pro-Israel organizations but condemned by free speech groups and the Council on American-Islamic Relations.
- University officials are now 'redesigning' the entire commencement program.
USC scraps outside speakers at commencement after canceling Muslim student's speech
reuters.com/world/us/usc-scraps-outside-speakers-commencement-after-canceling-muslim-students-speech-2024-04-20/
Bloomberg Evening Briefing: Wall Street Ends the Week in a ‘Tech Wreck’: Get caught up.
bloomberg.com/news/newsletters/2024-04-19/bloomberg-evening-briefing-wall-street-ends-the-week-in-a-tech-wreck
What the union vote at Volkswagen means for Tesla: Friday's victory at Volkswagen in Tennessee represents a turning point for the United Auto Workers union as ...
businessinsider.com/uaw-union-vote-volkswagen-tesla-elon-musk-organizing-2024-4
Tesla Doesn't Want to Disclose How Many Harassment Cases It Faces: The Tesla board rejects a proposal to release an annual report on pending harassment and ...
pcmag.com/news/tesla-doesnt-want-to-disclose-how-many-harassment-cases-it-faces
Tesla layoffs continue as recruiters get cut: Former Tesla workers confirmed to BI that some recruiters were informed of the layoffs via a call on Friday morning ...
businessinsider.com/tesla-layoffs-continue-recruiters-2024-4
Google scraps minimum wage, benefits rules for suppliers and staffing firms: Alphabet Inc's Google on Friday said it will roll back requirements that U.S ...
reuters.com/technology/google-scraps-minimum-wage-benefits-rules-suppliers-staffing-firms-2024-04-19/
Quick Glance: Google to Remove Minimum Wage and Benefits Rules for Suppliers and Staffing Firms
- Alphabet Inc's Google will roll back requirements for U.S. suppliers and staffing firms to pay their employees at least $15 an hour and provide health insurance and other benefits.
- These updates are designed to comply with shifting U.S. and global labor regulations related to contingent workers.
- The company is committed to ensuring vendors and staffing firms prioritize safe working conditions and compliance with legal standards.
- This decision follows the U.S. National Labor Relations Board's ruling that Google is considered a 'joint employer' of workers from staffing firm Cognizant Technology Solutions.
Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace: Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who ...
reuters.com/legal/wells-fargo-bond-saleswoman-sues-over-unapologetically-sexist-workplace-2024-04-19/
Law enforcement officers broke up a protest at New York's Columbia University, arresting over 100 pro-Palestinian demonstrators who had occupied a campus lawn ... Show more www.reuters.com/world/us/over-100-pro-palestinian-protesters-arrested-new-yorks-columbia-campus-2024-04-19/
Quick Glance: Over 100 Pro-Palestinian Protesters Arrested at Columbia Campus
- Columbia President Shafik authorized the arrest of over 100 pro-Palestinian protesters on the campus.
- Protests were against Israel's actions in Gaza.
- Demonstrators violated school rules by holding unauthorized protests.
- Protests demanded a permanent ceasefire in Gaza and university divestment.
-Musk in India-Dimon and ECNY
-Boeing, Meta, tech earnings
-BOJ decision
Here's what to watch next week www.bloomberg.com/markets
The Ministry of Ungentlemanly Warfare | Rotten Tomatoes: Based upon recently declassified files of the British War Department and inspired by true events ...
rottentomatoes.com/m/the_ministry_of_ungentlemanly_warfare
Quick Glance: The Secret Organization in World War II | Rotten Tomatoes
- An action-packed comedy reveals the formation of the first special forces unit in World War II based on secret files and true events.
- Under the leadership of Prime Minister Winston Churchill and author Ian Fleming, the secret combat group was established to combat the Nazis using unconventional methods, to change the course of the war, and to lay the groundwork for modern special forces.
- The director presents a blend of suspense and spectacle, although some critics criticize the lack of historical details and character development.
- Despite criticism of the portrayal as pure Hollywood entertainment, the film is deemed entertaining and action-packed, immersing audiences in a fascinating story.
Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
Taylor Swift surprises fans with double album. Here's a look at the highlights: Take your seat because Taylor Swift’s “Tortured Poets Department” meeting has ...
richmond.com/life-entertainment/nation-world/music/taylor-swift-tortured-poets-department-double-album/article_4e3a81cf-7699-5922-9275-ba0e57f73b4c.html
Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system: Aerospace and defense company Northrop Grumman is working with SpaceX ...
reut.rs/4aBz8OU
Elizabeth Warren slammed for wanting to ‘break up Apple’s smartphone monopoly’: U.S. Sen. Elizabeth Warren says she’s not a fan of “green texts on iPhones” and ...
bostonherald.com/2024/04/19/elizabeth-warren-slammed-for-wanting-to-break-up-apples-smartphone-monopoly/
Mark Zuckerberg net worth overtakes Elon Musk's for world's 3rd-richest: Musk and Zuckerberg have been at odds with each other in the past, with both agreeing to ...
businessinsider.com/mark-zuckerberg-elon-musk-net-worth-comparison-3rd-richest-person-2024-4
Meta AI Joins Instagram, Facebook, WhatsApp and Messenger: What to Know: The chatbot is being integrated as a feature across Meta platforms. Here's what we know.
cnet.com/news/social-media/meta-ai-joins-instagram-facebook-whatsapp-and-messenger-what-to-know/
Why Is Elon Musk Dragging His 3-Year-Old Around the World?: Elon Musk has taken to bringing his 3-year-old son X to events around the world ...
nymag.com/intelligencer/article/why-is-elon-musk-dragging-his-3-year-old-around-the-world.html
Google fired 28 employees after some staffers staged protests against the tech giant’s business ties to the Israeli government reut.rs/3VXRPbc
Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI
apnews.com/article/google-combines-android-pixel-ai-d404cf4669ee10deeb4eaba3e5cab1ad
Togo parliament approves contested constitutional reforms: Lawmakers in Togo approved changes to its constitution on Friday linked to presidential term limits ...
reuters.com/world/africa/togo-parliament-approves-contested-constitutional-reforms-2024-04-19/
Meteor shower to peak in California sky soon. Here’s when and the best way to watch
sacbee.com/news/local/article287840690.html
Meta, in Its Biggest A.I. Push, Places Smart Assistants Across Its Apps: Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new ...
nytimes.com/2024/04/18/technology/meta-ai-assistant-push.html
From @Breakingviews : Tesla is asking investors to re-ratify Elon Musk’s court-voided $40-billion pay package, which @JMAGuilford explains ... Show more www.reuters.com/legal/transactional/musks-next-big-payday-matters-more-than-his-last-2024-04-17/
What’s Driving Tesla’s Layoffs?: The market isn’t as enthusiastic about the move to self-driving vehicles as Musk is, it seems.
slate.com/podcasts/what-next-tbd/2024/04/is-elon-musk-dragging-tesla-down
Google fires 28 employees after protest against cloud contract with Israel : Google has fired 28 employees who were involved in protests over the tech company’s ...
apnews.com/article/google-israel-protest-8c0ff2d46e19b90bdc49ffe6ec4ae274
4/20 grew from humble roots to marijuana's high holiday: Marijuana advocates are gearing up for April 20. Known as 4/20, marijuana's high holiday on Saturday is ...
apnews.com/article/420-history-marijuana-07ecdd87c4756cc4a1dbd4ad3b1f682c
Tesla cancels some layoff separation agreements: Some laid off Tesla workers received a notification that their separation agreement had been canceled.
businessinsider.com/tesla-cancels-some-layoff-separation-agreements-2024-4
Columbia University protesters resume demonstrations after mass arrests: Pro-Palestinian student protesters resumed a third day of demonstrations Friday at ...
nbcnews.com/news/us-news/columbia-university-protesters-resume-demonstrations-mass-arrests-rcna148602
Trader Joe's recalls basil from shelves in 29 states after salmonella outbreak: Trader Joe's recalled organic basil and the FDA is investigating after customers ...
usatoday.com/story/money/food/2024/04/18/trader-joes-recall-2024-basil-salmonella/73375663007/
Elon Musk is heading to India. He could deliver a big win for Tesla and Narendra Modi
cnn.com/2024/04/19/cars/india-elon-musk-visit-investment-intl-hnk/
Walmart Is Poised to Overtake Tesla in Market Value. How the Retailer Got Here.: It’s a tale of contrasting fortunes: Walmart stock has steadily risen as some of ...
barrons.com/articles/walmart-tesla-overtake-market-value-40f12270
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Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge
pbs.org/newshour/economy/tesla-wants-shareholders-to-reinstate-56-billion-musk-pay-package-tossed-by-a-delaware-judge
Apple deletes WhatsApp, Threads from China app store on orders from Beijing: Apple has removed WhatAapp and Threads from its app store in China ...
cnn.com/2024/04/19/tech/china-apple-whatspp-threads-removal-hnk-intl/
Meta releases latest AI model, Llama 3: Meta released the first two models of Llama 3 on Thursday; they've been integrated into Meta AI ...
businessinsider.com/meta-releases-latest-ai-model-llama-3-2024-4
By canceling valedictorian speech, USC gives itself another black eye: USC has left its valedictorian out in the cold, says one reader. Another believes the ...
latimes.com/opinion/letters-to-the-editor/story/2024-04-18/canceled-valedictorian-speech-self-inflicted-black-eye-for-usc
Tesla gives some laid-off employees new severance offer: The new severance offers Tesla sent some workers included higher pay and extra health insurance coverage ...
businessinsider.com/tesla-gives-some-laid-off-employees-new-severance-offer-2024-4
Seeking edge over rivals, Intel first to assemble ASML's next-gen chip tool: Intel said on Thursday it had become the first company to assemble one of Dutch tech ...
reuters.com/technology/seeking-edge-over-rivals-intel-first-assemble-asmls-next-gen-chip-tool-2024-04-18/
Columbia University calls in police to break up pro-Palestinian protest: Clampdown on ‘disruptive’ demonstrations leads to more than 100 arrests as US campus ...
ft.com/content/39729993-58d3-45bf-a2ed-1559fb1d1c99
Citing safety, USC makes rare cancellation of speech by valedictorian who supported Palestinians
apnews.com/article/usc-muslim-valedictorian-speech-canceled-palestinians-israel-7b481db2d4e0db040b091bf8457f0b3f
Quick Glance: USC Valedictorian Criticizes School For Cancelling Her Speech
- USC announced Asna Tabassum as the Class of 2024 valedictorian, but the school canceled her speech.
- The cancellation was due to security concerns related to social media and the conflict in the Middle East.
- Tabassum criticized the university for the decision and felt disappointed.
- The school will not select a replacement for Tabassum at the main graduation ceremony.
From @Breakingviews : Tesla shareholders will soon vote on re-ratifying its CEO’s court-voided $40-billion pay package. It’s not a tough decision, instead ... Show more @JMAGuilford www.reuters.com/legal/transactional/musks-next-big-payday-matters-more-than-his-last-2024-04-17/
Money Stuff: The Podcast, Week 2: As I may have mentioned, there is a new Money Stuff podcast. Our second episode is out now. This week ...
bloomberg.com/opinion/articles/2024-04-19/money-stuff-the-podcast-week-2
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NFL Fans on the Clock | Live with Benzinga
docs.google.com/forms/d/e/1FAIpQLSdw0G3LIwi6g04pOjcF5DHHhDaz4fzil30QDiYXCZBJC0jWnA/viewform
40-year-old delivers for DoorDash to help pay down her $100,000 student loan debt—on top of her full-time job
cnbc.com/2024/04/18/millennial-works-works-3-jobs-to-pay-off-her-student-loans-in-houston.html
From Breakingviews: Tesla is asking investors to re-ratify Elon Musk’s court-voided $40-billion pay package, which Jonathan Guilford explains ... Show more reut.rs/4cWUc4d
Tesla (TSLA) Model 2 Is Crucial to Investment Thesis, David Baron Says: A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in ...
bloomberg.com/news/articles/2024-04-18/tesla-tsla-bull-david-baron-warns-ditching-cheaper-model-2-thesis-changing
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Elon Musk apologizes to laid-off Tesla employees for severance error: In a brief email, the CEO assured the company was working to remedy the mistake.
sfchronicle.com/tech/article/elon-musk-apologizes-tesla-severance-packages-19410249.php
5 things to know for April 19: Middle East, Trump trial, India elections, TikTok ban, Trader Joe’s recall
cnn.com/2024/04/19/us/5-things-to-know-for-april-19-middle-east-trump-trial-india-elections-tiktok-ban-trader-joes-recall/
Tesla discloses it spent $200,000 advertising on X: Here’s one advertiser that social media platform X doesn’t have to worry about losing because it’s turned off ...
cnn.com/2024/04/18/business/elon-musk-tesla-advertises-on-x/
New Beyond Meat plant-based beef made with avocado oil for nutrient-dense, simplified ingredients
goodmorningamerica.com/food/story/new-meat-plant-based-beef-made-avocado-oil-109380422
Elon Musk apologizes for 'incorrectly low' Tesla severance: report: The Tesla CEO told workers in an email that the mistakes were "being corrected immediately."
businessinsider.com/elon-musk-tesla-apologizes-severance-packagaes-layoffs-2024-4
Elon Musk's wealth crashes $160 billion from peak amid Tesla troubles: Tesla stock has tanked by more than 60% since late 2021, slashing Elon Musk's fortune from ...
businessinsider.com/elon-musk-net-worth-tesla-stock-ev-billionaires-wealth-layoffs-2024-4
Meta AI Declares War On OpenAI, Google With Standalone Chatbot — What To Know About ‘Llama 3’ Model
go.forbes.com/c/U18F
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
Google CEO: Political debates don't belong at work: Google CEO Sundar Pichai's message to workers is loud and clear: Don't bring politics into the workplace.
businessinsider.com/google-ceo-sundar-pichai-comments-debate-politics-issues-2024-4
T. Rowe Price says 2018 Tesla pay aligned with investor interests: Mutual fund firm T. Rowe Price said Elon Musk's record-breaking 2018 pay package from Tesla ...
reuters.com/business/autos-transportation/t-rowe-price-says-2018-tesla-pay-aligned-with-investor-interests-2024-04-18/
Commercial real estate foreclosures jumped 117% in March as trouble looms: A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures ...
foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
‘Perfect landing spot.’ Apple plans to spend more in Vietnam as it looks beyond China
cnn.com/2024/04/18/tech/apple-vietnam-supply-chain-china/
Satirist irritates with video: Did Jan Böhmermann cave in?: In his podcast, Jan Böhmermann has been talking for a long time about wanting to buy an electric car ...
n-tv.de/leute/Ist-Jan-Boehmermann-eingeknickt-article24882828.html
UK regulator says Google's ad-privacy changes fall short, WSJ reports: The UK privacy regulator said Google's proposed replacements for cookies need to do more ...
reuters.com/technology/uk-regulator-says-googles-ad-privacy-changes-fall-short-wsj-reports-2024-04-19/
Why Tesla wants to give Elon Musk $55 billion pay package: Tesla says Elon Musk's pay package is a "matter of fundamental fairness and respect to our CEO."
businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
- Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.
- The company asserts that implementing the plan is crucial for Tesla's future growth.
- Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
The former head of Coinbase's international expansion has joined a16z-backed Matter Labs as president www.bloomberg.com/news/articles/2024-04-18/ex-coinbase-exec-nana-murugesan-joins-ethereum-startup-matter-labs-as-president
Temporary workers initially affected: Tesla separates from 300 employees in Germany
n-tv.de/wirtschaft/Tesla-trennt-sich-von-300-Mitarbeitern-in-Deutschland-article24882129.html
Moody’s Reduces Outlooks on Direct Lending Funds Managed by BlackRock, Oaktree: Moody’s Ratings this week gave private credit investors greater reason for ...
bloomberg.com/news/articles/2024-04-18/three-private-credit-funds-get-moody-s-warning-on-problem-loans
Chinese chip ban hits tech giants: Intel and AMD shares plummet: China bans US chips from Intel and AMD from 2027, a major blow to the chip giants.
boerse-online.de/nachrichten/geld-und-vorsorge/chinesischer-chip-bann-trifft-tech-riesen-aktien-von-intel-und-amd-auf-talfahrt-20355621.html
Fear and loathing on America’s college campuses as free speech is disappearing: Student activists say fear and paranoia has descended on college campus around ...
inquirer.com/opinion/college-free-speech-palestine-israel-20240418.html
Tesla asks shareholders to restore Elon Musk’s $56bn pay deal: Tesla Chair Robyn Denholm says company believes in ‘big risks for the chance of big rewards’.
aljazeera.com/economy/2024/4/18/tesla-asks-shareholders-to-restore-elon-musks-56bn-pay-deal
Chips Stocks Fall Into Correction on Rates, China Demand Worries: A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a ...
trib.al/oqmfyp9
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees
cnbc.com/2024/04/17/tesla-says-in-email-it-sent-some-incorrectly-low-severance-packages.html
The AI hype bubble is deflating. Now comes the hard part.: The tech industry got the world’s attention with AI. Now it’s busy convincing people to pay for it.
washingtonpost.com/technology/2024/04/18/ai-bubble-hype-dying-money/
Apple to spend $340 million to renovate, expand Ang Mo Kio campus: The expanded campus will allow the tech giant to add hundreds of new roles here.
straitstimes.com/tech/apple-to-spend-340-million-to-renovate-expand-ang-mo-kio-campus
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