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Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
Meta had its worst trading day in 18 months after warning of years of AI investment. Shares of Microsoft and Google parent Alphabet rallied.The Wall Street Journal - Tech -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - World - United Kingdom -
Theatre funds and mega-investors edge out ‘angels’ in thriving West End
Individuals can invest as little as a few thousand into productions, but flops are an eternal riskFinancial Times - Business -
UK ‘not exciting’ for green investors, says former climate adviser
Ex-CCC head warns Rishi Sunak’s rollback on net zero has driven investment elsewhereFinancial Times - Business - United Kingdom -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Coca-Cola and Pepsi face investors’ bubbling health concerns
Also in today’s newsletter, a new twist in the Science-Based Targets initiative dramaFinancial Times - World -
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.CNBC - Business - Federal Reserve -
Big Shell investors urge others to back greater climate action
The shareholders say meeting the Paris Agreement goals is ‘essential to preserve the health of the global economy’Financial Times - Business - Climate -
Buffett Rules Out 'Eye-Popping' Returns. But Investors Aren't Listening.
Berkshire is poised to hit a $1 trillion valuation as investors gather this weekend for its annual shareholder meetingThe Wall Street Journal - World -
Apple is set to throw billions more in cash at investors as its stock slumps
Apple is expected to boost its buyback program by another $90 billion this year, while also upping its dividend.MarketWatch - Business - Apple -
Billionaire investor Bill Ackman gives $10K to UNC American flag 'rager'
Billionaire investor Bill Ackman donated $10,000 to a GoFundMe raising money for fraternity brothers at the University of North Carolina at Chapel Hill to throw a party after they held up the American flag at a protest on campus. The moment took ...The Hill - Politics -
Linde's guidance leaves investors wanting more. We're saying thanks to the sellers
The pullback in Linde shares Thursday is giving us a chance to buy back stock we sold at higher prices in late March.CNBC - Business -
U.S. Investigating Tesla Recall of Autopilot
The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.The New York Times - Tech - Tesla -
Tesla Layoffs Hit Supercharger Team
Musk cuts loose an entire division, including senior director Rebecca Tinucci and her team working on charging infrastructure.Inc. - Business - Tesla -
Tesla's Downsizing Worries Supercharger Industry
Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network.The Wall Street Journal - World -
Tesla's Downsizing Worries Supercharger Industry
Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network.The Wall Street Journal - Business -
3 Ways Tesla Is Still a Great Example for Leaders
A bad spell doesn't necessarily equal a bad company.Inc. - Business - Tesla -
Tesla Fires Charger Team Amid Hundreds of Layoffs
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.The New York Times - Top stories - Tesla -
The Tesla Cybertruck Embodies All of Elon Musk’s Flaws
The Cybertruck looks edgy, that’s for sure, but it has serious problems.The New York Times - Top stories - Tesla -
Tesla Fires Charger Team Amid Hundreds of Layoffs
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.The New York Times - Business - Tesla -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Musk Has a Vision for Tesla's Robotaxi. OthersCan'tSee It.
Carmaker plans to show off its automated vehicle this summer, but tech and regulatory hurdles remain before it can become reality.The Wall Street Journal - World - Elon Musk -
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Musk Has a Vision for Tesla's Robotaxi. OthersCan'tSee It.
Carmaker plans to show off its automated vehicle this summer, but tech and regulatory hurdles remain before it can become reality.The Wall Street Journal - Business - Elon Musk -
Tesla Reverses Plans for its Gigacasting Manufacturing Method
The EV maker'snext-generation process is taking a back seat as it shifts to a new, smaller underbody design.Inc. - Business - Tesla -
Eli Lilly assures investors it can overcome the high-quality problem of too much demand
The world's most valuable drugmaker hiked its full-year sales and profit guidance, despite missing lighter-than-expected first-quarter revenue.CNBC - Business -
Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors
Recent inflation readings have come in hot, but commodity prices and other indicators seem to show signs of cooling.CNBC - Business -
Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21
Hedge funds are "dead" as an investment asset class among members of Tiger 21, a network of ultra-high net worth investors, said founder Michael Sonnenfeldt.CNBC - Business -
Proxy advisor ISS says unions and pension funds should back Norfolk Southern activist investor
ESG-focused investors and unions should back Norfolk Southern activist Ancora and its CEO pick Jim Barber, Institutional Shareholder Services said on Thursday.CNBC - Business -
Tesla shares fall amid reports that Supercharger unit slashed
Tesla Inc. shares dropped Tuesday after the electric-vehicle maker reportedly cut hundreds of more jobs, including its entire Supercharger unit.MarketWatch - Business - Tesla -
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As Questions Swirl Around Tesla’s Superchargers, the Race Is On to Fill the Power Gap
The company's decision to eliminate the team building its charging infrastructure comes at a delicate time for the EV industry. Other players are eager to pick up where Tesla left off.Wired - Tech -
What TikTok and Tesla tell us about pragmatism in the US and China
Both Washington and Beijing juggle security fears with commercial interests and political influence in their policy positionsFinancial Times - World - China -
What TikTok and Tesla tell us about pragmatism in the US and China
Both Washington and Beijing juggle security fears with commercial interests and political influence in their policy positionsFinancial Times - Business - China -
Layoff of Tesla Charger Team Worries Other EV Makers
Auto industry fears Musk's sharp cuts will affect other automakers planning to join the network.Inc. - Business - Tesla -
Ex-Tesla worker says he lost job despite sacrifices, including sleeping in car
One ex-Tesla employee's post about the shock of losing his job amid a round of layoffs is sparking a workplace debate.CBS News - Top stories -
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.CNBC - Business - Tesla -
Elon Musk’s Latest Round of Layoffs Might Have Killed the Best Thing About Tesla
It's a brutal thing to do just to make a point, especially for something so crucial to Tesla's success.Inc. - Business -
TikTok on the Clock, Tesla’s Flop Era and How NASA Fixed a ’70s-Era Space Computer
“A clock is ticking on one of America’s most famous apps.”The New York Times - Tech - Tiktok