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Elon Musk’s antics are weeding out Tesla’s nonbelievers

Elon Musk’s antics are weeding out Tesla’s nonbelievers

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Elon Musk noise machine has been in hyperdrive lately. There’s the Delaware court ruling voiding his pay package as Tesla CEO. The report alleging that Tesla board members felt pressured to take illegal drugs to stay in Musk’s good graces. And the drumbeat of negative analyst chatter from the likes of Daiwa and Piper Sandler this week. Separating noise from… Source link

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Utah congressman switches vote to ‘no’ on Mayorkas impeachment at the last minute — for this reason

Utah congressman switches vote to ‘no’ on Mayorkas impeachment at the last minute — for this reason

Department of Homeland Security Secretary Alejandro Mayorkas narrowly avoided impeachment Tuesday, as the vote to oust him failed by a vote of 216-214. It had been 215-215, but a Utah congressman switched his vote from “yes” to “no” in the last moments before voting closed. Rep. Blake Moore, who was recently elected as vice chair of the House Republican Conference, switched his vote to join three other Republicans who voted no on the impeachment articles — Reps. Mike Gallagher,… Source link

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‘Unbearably’ stinky find in Aussie backyard explained

‘Unbearably’ stinky find in Aussie backyard explained

A mother is at her wits’ end and sick of having to explain to visitors what that stinky smell in her garden is. Skye McIver from t Sydney’s Northern Beaches has been living in Davidson for the past five years. But it wasn’t until six months ago that she first noticed the “terrible smell” on her property and then the “stinky phallic mushrooms” growing among her plants. “We’ve had numerous mushrooms shoot up since then and it’s always the smell that we noticed first before the… Source link

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Tesla CEO Elon Musk needs to shut up, but not step down: Investor

Tesla CEO Elon Musk needs to shut up, but not step down: Investor

Shares of Tesla (TSLA) are down over 25% since the start of 2024 amidst declining EV delivery growth. Analysts at Daiwa Capital Markets downgraded Tesla stock to Neutral from Outperform with a price target of $195, down from $245 due to mounting issues with Tesla CEO Elon Musk. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber — a Tesla investor himself — joins Yahoo Finance to discuss Tesla’s performance and how he feels about Musk’s position as CEO. “The cost of Elon’s… Source link

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ESPN to team up with Fox, Warner Bros. Discovery to launch sports streaming platform

ESPN to team up with Fox, Warner Bros. Discovery to launch sports streaming platform

Disney’s ESPN (DIS) will team up with Warner Bros. Discovery (WBD) and Fox (FOXA) to launch a new sports streaming service, set to debut sometime this fall. According to the companies, the platform will bring together their respective slate of sports networks along with certain direct-to-consumer (DTC) sports services and sports rights. This will include content from all the major professional sports leagues and college sports. The offering, which was described as a “joint venture” split… Source link

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Snap stock dives on earnings: Analyst explains why

Snap stock dives on earnings: Analyst explains why

Shares of Snap Inc. (SNAP) are dropping over 30% in extended hours trading on Tuesday afternoon after the company released its fourth-quarter earnings report. The report showed revenue rose 5% to $1.36 billion, but still missed estimates of $1.38 billion. In addition, Snap posted an adjusted first-quarter EBITDA (earnings before interest, taxes, depreciation, and amortization) which also missed analysts’ expectations. Scott Kessler, Third Bridge Global Sector Lead, TMT (Technology, Media &… Source link

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US stocks lose steam as earnings surge flows in

US stocks lose steam as earnings surge flows in

US stocks, which initially moved higher in early trading on Tuesday, wobbled later in the session as investors continued to debate the possibility of interest rate cuts ahead of a fresh batch of quarterly results. By midday trading, the S&P 500 (^GSPC) traded flat, while the tech-heavy Nasdaq Composite (^IXIC) dipped roughly 0.4%. The Dow Jones Industrial Average (^DJI), which initially opened flat, climbed about 0.2%. A rally in stocks hit the buffers on Monday as the market took on Fed Chair… Source link

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