In China this weekend, Elon Musk snagged the biggest green light yet for Full Self-Driving mode, the advanced software that Tesla claims equips its EVs to drive themselves almost anywhere with minimal human intervention. Tesla’s market performance has been underwhelming lately, and news of a major deal to offer autonomous driving in Earth’s largest and most competitive EV market (equal to about 60% globally) could help Musk win shareholder approval for his controversial $56 billion pay package that was nullified in January by a Delaware court that declared the sum “unfathomable.” Both China and Tesla came to the table with…
Author: insighter
CNBC’s Jim Cramer was wary of Apple’s stock rally, which he said was spurred by an analyst upgrade. He said the gains may not last, and investors should wait to buy. On Monday, Bernstein’s Toni Sacconaghi upgraded Apple shars from neutral to buy and said it’s time to “buy the fear.” Sacconaghi suggested the stock was too cheap, saying it’s set up for a “strong iPhone 16 cycle” and that its weakness in China is “more cyclical than structural.” “Unlike Toni, I want you to own Apple, not trade it, even as I suspect this quarter will be weak…
The federal tax deadline is officially one month away for most filers — and experts say there are some key things to know this season. As of March 1, the IRS received roughly 54 million individual returns, which is less than 40% of the 146 million expected this season, according to the agency. So far, the average refund is $3,182, up about 5% from the same period last year. Of course, the average may change as more returns flood in. More from Personal Finance:19 million people may qualify for free tax prep through the IRS this yearTrump vs.…
The U.S. Department of Education has announced the completion of FAFSA reprocessing to address various issues relating to incorrectly calculating the Student Aid Index and financial aid eligibility. All known have been resolved and should allow all institutions to package aid offers, including those institutions who chose to wait for all reprocessed records prior to proceeding. The reprocessing included updates to critical financial data such as education tax credits, Adjusted Gross Income (AGI), and filing status for taxpayers who had amended returns or updates to their tax information. The Department of Education originally had targeted May 1 for several issues…
Hide your kids, hide your wife, and hide Elon Musk—because no one is safe from AI deepfakes. The U.S. Senate will hold a hearing on the NO FAKES act on Tuesday. The bipartisan proposal, led by Sens. Chris Coons, Marsha Blackburn, Amy Klobuchar, and Thom Tillis, seeks to “protect the voice and visual likeness of all individuals from unauthorized recreations from generative artificial intelligence.” Deepfakes—images or recordings that have been convincingly altered to misrepresent someone’s speech or actions—are now easier than ever to create thanks to consumer AI tools. The draft legislation would hold individuals or companies liable for producing…
While Tesla has a major base in Shanghai, it wasn’t clear whether he was attending the trade show.
Travelism | E+ | Getty Images Having a diversified portfolio means you should have some of your money in bonds. The assets can offer not not some protection against market volatility, but also generate income. Yet deciding how to construct the fixed income portion of your portfolio may seem confusing, especially after the bond rout in 2022 and continued volatility last year. In October, the 10-year Treasury yield crossed 5%. Bond yields move inversely to prices, so when yields rise, prices decline. This year, investors are closely watching the Federal Reserve to see if and when it will begin…
Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” on Monday, Stewart said 10 to 15 more tech companies could go public before the end of 2024, with an even “better year” in store for 2025. “It’s been a long two and a half years, where we’ve had really nothing,” Stewart said. Recent initial public offerings have priced high and traded well, which “bodes well for the future,” he added. The lull began in 2022, when soaring inflation and…
CHICAGO, ILLINOIS – AUGUST 03: (L – R) Danielle, Hyein, Hanni, Minji and Haerin of NewJeans perform in concert during Lollapalooza at Grant Park on August 03, 2023 in Chicago, Illinois. Gary Miller | Filmmagic | Getty Images It hasn’t been an easy start to the year for investors in the K-pop sector as lower fourth-quarter sales and profits, as well as dating scandals, hit stock prices. Goldman Sachs, however, expressed optimism for the industry in a March 14 report, saying the K-pop sector is “misunderstood.” Shares of K-pop’s “big four” companies have all fallen since the start of the…
If you’re traveling to Japan, travel insurance may be on your mind. If something unexpected occurs before or during your trip, travel coverage can help you recoup some of the associated expenses. Here’s what you need to know about getting travel insurance for a trip to Japan. How travel insurance works Travel insurance is a popular choice for many travelers, especially those who may have uncertainty about their trip. There’s a wide variety of different travel insurance policies, offering protections from lost baggage to emergency medical evacuation. Here are some of the more common types of travel insurance for trips…
The saga of Paramount Global’s future is more exciting than a lot of the studio’s films. And with the company poised to report earnings Monday afternoon, things are taking even more unexpected turns. Reports emerged early Monday that the company’s board is preparing to announce the departure of Paramount CEO Bob Bakish as early as next week, while David Ellison’s Skydance, which has been in negotiations to take over the entertainment giant, made its “best and final offer” on Sunday. (The stock was up more than 3% in midday trading Monday on the reports.) It’s a fluid situation and there’s…
Even in 2024, there’s no shortage of obstacles keeping women from leadership positions. In disappointing news, it turns out for many of them, the view is no rosier once they actually ascend to the top. Of the 68 CEOs appointed in the first quarter of 2024, as tabulated by executive search firm Russell Reynolds in its quarterly index, just five were women. At that rate, global gender parity won’t arrive for nearly 90 years, they predict. (And that’s being optimistic; the World Economic Forum pegs it at 132 years.) “To achieve true gender balance at the top, we need to…