Hi! Wickiator? Glad-to-Wick? I'm not sure about the name, but "Gladiator 2" and "Wicked" being released on the same day (November 22) could become the new "Barbenheimer."
After a dreadful start to the year, the EV maker has been running on all cylinders on a full charge.
Even when it loses, it still manages to win. Tesla's sales slumped for the second quarter. But the 5% drop from last year was better than analysts expected , writes Business Insider's Nora Naughton.
From the market's perspective, that seems to be the case. After dropping more than 42% and bottoming out in late April, Tesla's stock has rebounded sharply. It's up more than 60% in a little over two months.
But what is new at Tesla, and what sparked the company's recent market rally, are big promises from its CEO. Musk's plans for robotaxis and an affordable model in the wake of a dreadful earnings report were all investors needed.
How soon Tesla will be able to reach those goals remains to be seen. Musk has a history of punting on deadlines. But he's also delivered for the company in big ways, like defying expectations by turning the Model 3 into one of the best-selling cars in the world.
Halfway through 2024 and Schonfeld rules the roost. The $10 billion multi-manager's flagship fund's 10.3% gain this year leads the way . Steve Cohen's Point72 and Ken Griffin's Citadel are up 8.7% and 8.1% this year, respectively. But the S&P 500's nearly 15% rise in the first half of the year rules them all.
BlackRock is going to make a founder richer than the Wall Street giant's CEO. The world's largest asset manager's deal to acquire Preqin means founder Mark O'Hare pockets a cool $2 billion after tax . That will slot him above BlackRock cofounder and CEO Larry Fink, who has an estimated fortune of $1.7 billion.
Google's cookie-replacement plan is starting to crumble. Google gave adtech companies a taste of what life after cookies would be like — and it wasn't sweet. Now, the firms' pushback threatens to prolong Google's cookie phase-out , which has already been delayed several times.
The kids really, really like YouTube. A new report found that YouTube was by far the favorite content platform for kids aged 2 to 12. It also has a special power: It's really good at getting kids to buy stuff .
Shareholders won't make it rain for Salesforce execs. Shareholders voted down a proposed plan to raise compensation for CEO Marc Benioff and other execs, trouncing hopes of a Tesla-style mega payday. It's not a total loss for Benioff, though .
Lumber prices are going down like timber. Though lumber prices skyrocketed during the pandemic, they've dropped precipitously this year as supply outpaced demand. Repairs and remodels have slowed, and high interest rates have reduced new homebuilding altogether.
Housing costs will stay high even when the Fed cuts rates. Bad news for buyers and renters looking for a break when the Fed cuts interest rates: The housing market probably won't get more affordable anytime soon . Falling interest rates might slow mortgage rate growth, but won't make them decline, Morgan Stanley said.
The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Amanda Yen, fellow, in New York.
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