Elon Musk's announcement that he was taking prescription ketamine to treat depression was brave and “saved a lot of people from killing themselves,” CNBC anchor Jim Cramer said Tuesday. “I'm defending it as much as I can because there are a lot of people who won't be brave enough to admit they're taking this drug,” Kramer said on “Squawk on the Street.” Cramer was interacting with the Tesla CEO who told former CNN anchor Don Lemon that the treatment is helping him and is good for investors. “Ketamine is helpful in getting rid of a negative state of mind,” Mask…
Author: ricardofrancois
The tire business has historically been characterized by intense competition, low growth and slow margins.The total market value has remained around $50 billion for the past few years, and the overall market is growing at a rate of about 2% annually, according to consulting firm AlixPartners.But electric cars offer a whole new set of opportunities.Due to their heavy weight and rapid acceleration, electric vehicles tend to burn out their tires 20% faster than internal combustion vehicles, according to AlixPartners. And tires cost about 50% more. a Other technical challenges include reducing tire noise, which is more noticeable in a silent…
InvolvedShare the article via FacebookShare the article via TwitterShare article via LinkedInShare article via emailAI is moving into the residential space, specifically architecture. ICON, which developed one of the first fully 3D-printed residential projects in the United States, is taking automation one step further. It recently unveiled what it calls Vitruvius, an artificial intelligence program that helps consumers design custom homes online and obtain plans, making the process cheaper and faster. CNBC's Diana Olek reports.02:48Tuesday, March 19, 20247:58 AM EDT
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Airbus has pulled out of talks with Atos over a potential deal to buy its prized data and security business, jeopardizing efforts by the French IT services company to avoid going into debt restructuring.The end of discussions on a deal that could be worth up to €1.8 billion sent Atos shares falling by as much as 25 percent on Tuesday morning before trading was briefly suspended.Atos shares have lost more than 90 percent of their value in the past three years, raising…
Startup Linktree introduced new features today, including a distinct layout to better highlight links, the ability to fetch the latest posts from Instagram, and support for a clearer profile picture. The company said the new distinctive design is great for highlighting specific links. When you select Featured Layout for a link, it automatically expands with content previews for links from YouTube, TikTok, Spotify, and Instagram. This is what premium links look like Image Credits: Linktree In January, Linktree introduced a feature that automatically fetches the latest posts from YouTube and TikTok. The company is now expanding support for Instagram, with…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Calpers, the largest public pension plan in the United States, aims to increase its holdings in private markets by more than $30 billion and reduce its allocations to stock and bond markets in an effort to improve returns.A proposal to increase the fund's $483 billion positions in assets such as private equity and private credit from 33 percent of the plan to 40 percent was approved Monday, according to a fund announcement and board meeting notes.The formal approval comes two years after…
President Joe Biden in Las Vegas on February 22, 2020.Rhonda ChurchillPresident Joe Biden will visit the battleground state of Nevada on Tuesday to target corporate landlords, who the White House claims are keeping rents artificially high even as overall inflation declines.Biden's attack on what he calls “rent gouging” is part of his broader election-year effort to shift blame for stubbornly high costs of living away from the president and his economic policies, and to companies with outsized pricing powers.As public sentiment about the economy turns more optimistic, housing remains a major pain point. The latest Consumer Price Index, a key…
This article is the on-site version of the Energy Source newsletter. Sign up here to get the newsletter sent directly to your inbox every Tuesday and ThursdayGood morning and welcome to Energy Source, coming to you this morning from the buzzing CERAWeek conference in Houston.The annual gathering of the biggest names in the oil and gas industry kicked off Monday with ExxonMobil and Saudi Aramco offering upbeat forecasts for fossil fuel demand and casting doubt on the pace of the energy transition.Amin Nasser of Aramco took aim at the International Energy Agency's forecast that oil demand will peak by 2030,…
berkeley — Three weeks after violence erupted at a private event organized by Jewish student groups at the University of California at Berkeley and protested by pro-Palestinian demonstrators, the speech was delivered on Monday and published without issue. Monday's event was significantly different from the one initially scheduled by several Jewish student groups for Feb. 26, when campus police evacuated the Zellerbach Theater after about 200 protesters forcefully entered the building.UC Berkeley increased its police presence and hired private security for the event, which was held in Pauley Hall on campus, and closed the building to anyone who did not…
A Ferrari parked outside the New York Stock Exchange celebrating Ferrari's initial public offering in New York City on October 21, 2015.Andrew Burton | Getty ImagesFerrari CEO Benedetto Vigna promised Tuesday that the luxury automaker's new electric vehicle will provide drivers with the same roar as historic combustion engines.The Italian company is launching its first fully electric car in the last quarter of 2025 and will open a new production site in Maranello, Italy, in June to manufacture electric motors, battery packs and power inverters.Ferrari expects nearly 60% of its sales to be split between fully electric vehicles and hybrids…