Share to Twitter Share to Linkedin Tesla’s stock has fallen just over 50% this year, closing at $174.04 on Wednesday. It is also down 58% from its all-time closing high of $409.97 on November 4, 2021. The company’s market cap has fallen this year from over $1.11 billion to $550 billion. It traded down almost 3% in early Thursday trading but clawed its way back to breakeven later in the day before rolling back down almost 2%. Tesla’s shares are facing multiple headwinds ranging from its chart pattern, potential demand weakness and still lofty valuations even though its price has been cut by more than half this year. Stock has broken through support Carter Braxton Worth is founder of Worth Charting and frequent CNBC guest. He follows the markets as a technician and was the Chief Market Technician at Oppenheimer, Sterne Agee & Leach and Cornerstone Macro for almost 20 years before recently founding his own firm. He has sent a series of … [Read more...] about Tesla Shares Are Facing Multiple Headwinds, As CEO Musk’s Attention Is Elsewhere
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Share to Twitter Share to Linkedin If you are a Frontier Airlines customer, talking to a human is no longer an option . Instead, you can use their mobile app or website to chat, either with chatbots or human agents. No voice calls, no problem Some travel experts don’t see eliminating voice calls as a problem. David Slotnick, aviation writer at The Points Guy, told Marketplace that the new policy would probably not cause problems for Frontier. “Inconveniences or discomfort” are part of the low-cost airline business model, and that its customers would accept the change as long as they continued to get the lowest fare. My contributor colleague Ben Baldanza , former CEO of Spirit Airlines, dismisses negative reactions to the Frontier change as “ much ado about nothing .” He notes that it will still be possible to chat with human reps, and that Frontier’s customers accept fewer amenities to get the cheapest flights. Baldanza predicts that eventually … [Read more...] about Frontier’s New Customer Experience
Share to Twitter Share to Linkedin Topline Indiana Attorney General Todd Rokita (R) filed two lawsuits against TikTok Wednesday alleging the app has exposed children to mature content and failed to disclose its access to user data, according to the New York Times and Wall Street Journal , amid a surge of states pushing to ban the app—owned by Chinese firm ByteDance—from government devices. Key Facts Rokita claimed TikTok and ByteDance have violated state consumer protection laws because the Chinese government could potentially gain access to users’ data, and accused the app of deceiving users with its age rating of 12-plus in app stores because mature content is readily available to younger users. Indiana will reportedly push for $5,000 per violation in addition to asking the app to change how it is marketed for different age groups. Meanwhile, Texas Gov. Greg Abbott (R) ordered all Texas state agencies not to use TikTok on … [Read more...] about Republicans Target TikTok: Indiana Files Lawsuits Citing Security And Child Safety Violations
A sexy Thai model became notorious almost overnight after becoming an identity thief. The model stole the identification card (ID card) of a former college friend for work, causing all sorts of problems for the innocent woman who was subjected to several police summonses. But there’s more! The identity theft revealed that the model is a transwoman, shocking her fans and followers nationwide. Most of her fans believed that she was a real woman. Likewise, agencies that hired her to promote their products had the same understanding because she had a woman’s ID card proving her identity. The picture on the ID card doesn’t look like her but it is generally accepted that people change over time and cosmetic surgery could also change an appearance. So, no one was aware of this. Joy received several police summonses for illegal acts she had not committed. Police asked Joy to explain her illegal promotion of online gambling and alcohol. She was also informed by the Revenue Department … [Read more...] about Thailand News Today | Sexy Thai model exposed as an identity thief and transwoman
Share to Twitter Share to Linkedin There’s been a great deal of hype and excitement in the artificial intelligence (AI) world around a newly developed technology known as GPT-3. Put simply; it's an AI that is better at creating content that has a language structure – human or machine language – than anything that has come before it. GPT-3 has been created by OpenAI , a research business co-founded by Elon Musk and has been described as the most important and useful advance in AI for years. But there’s some confusion over exactly what it does (and indeed doesn’t do), so here I will try and break it down into simple terms for any non-techy readers interested in understanding the fundamental principles behind it. I’ll also cover some of the problems it raises, as well as why some people think its significance has been overinflated somewhat by hype. What is GPT-3? Starting with the very basics, GPT-3 stands for Generative Pre-trained … [Read more...] about What Is GPT-3 And Why Is It Revolutionizing Artificial Intelligence?
Share to Twitter Share to Linkedin While the tech sector is experiencing a massive downturn and thousands of layoffs, the construction industry is investing heavily in capturing the next generation of labor, which means battling stigmas held by parents, students, high school administrators, and basically everyone who hasn’t been exposed to the industry. “It all comes down to the fact that we’ve been absent and letting the schools decide what our kids need,” said Jon Girod, owner and founder of Washington-based Quail Homes . “When I was in high school, we all had programs on construction. Now they are all gone. It has been on our watch. The need hasn’t gone away, it’s worse now.” He wanted to give back to the industry that has provided so much for him for many years, so he decided to create a way to educate the public sector about trade opportunities, and at the same time, bring in support from the private sector. Since he started his campaign less … [Read more...] about A Builder, Plumber And Lumberyard Work To Solve Labor Issues
Share to Twitter Share to Linkedin Plaid, the San Francisco startup that helps connect fintech apps to consumers’ bank accounts, is laying off 260 employees, or 20% of its staff, the company announced. The nine-year-old business has 7,000 customers and was last valued at $13.4 billion in April 2021, making it one of the most highly valued private fintech companies in America. Over the past year, layoffs have hit nearly every fast-growing fintech company, ranging from industry leaders like payments giant Stripe and digital bank Chime to smaller startups like African money-transfer app Chipper Cash . Plaid CEO Zach Perret described in a note to employees a similar scenario that has been playing out at many other fintechs. Covid fueled rapid growth in Plaid’s business, and it hired aggressively to meet demand. But macroeconomic conditions have changed, and Plaid is now seeing “slower-than-expected” growth among financial services companies. In other … [Read more...] about Plaid Lays Off 260 Employees, 20% Of Staff
Share to Twitter Share to Linkedin Despite the joyous festivities, the holidays can be a hard time of year. Last year, three in five Americans reported feeling their mental health is negatively impacted by the holidays, in a survey by the National Alliance of Mental Illness. Add the pandemic to the holiday blues and you have a rise in sleep disorders and widespread grief . It’s no surprise then that this year, over a third of American adults polled by the American Psychiatric Association report feeling even more stressed than they did in 2021. As we head into the season of hibernation, with less social interaction and more time at home, small changes around the house can prove crucial to maintaining our mental and physical health during the dark days of winter. Everyone’s version of wellness looks different: for some it might be cooking nourishing dishes in the kitchen, for others it means turning the bedroom into a sleep sanctuary. Whatever your … [Read more...] about Holiday Gift Guide: The Best Wellness Gifts For The Home
Bob Iger (Image: Reuters) Bob Iger, Walt Disney Co.’s returning chief executive officer, took his first steps toward reorganizing the entertainment giant, asking his deputies to rethink the corporate structure and announcing the departure of a top manager. “Over the coming weeks, we will begin implementing organizational and operating changes within the company,” Iger said Monday in a memo. “It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are.” Top Disney officers overseeing finance, film, TV and sports will come up with a new framework for the company in the coming weeks. That suggests Iger will unwind a reorganization by predecessor Bob Chapek that took decision-making away from division heads. As part of his memo, Iger said the company’s head of media distribution, Kareem Daniel, will leave the company. Iger, 71, who led Disney from 2005 to 2020, was brought back to lead the company late Sunday. He … [Read more...] about Bob Iger takes first steps to Disney in memo to staff
Share to Twitter Share to Linkedin Topline China announced it was relaxing some of its strictest Covid restrictions on Wednesday, a major policy shift that suggests Beijing is preparing to abandon its zero-Covid strategy in favor of learning to live with the virus, which experts told Forbes was inevitable but risks igniting a huge wave of cases that the world’s most populous country is poorly prepared to face. Key Facts Zero-Covid, Beijing’s signature policy of strict lockdowns and extensive testing designed to stamp out Covid infections, was very successful during earlier stages of the pandemic when the virus variant was less transmissible and before vaccines and treatments were widely available, Winnie Yip, a professor of global health policy and economics at Harvard, told Forbes. However, the evolution of more transmissible variants, particularly the most recent omicron subvariants, means zero-Covid is no longer sustainable, explained Ben … [Read more...] about China’s Zero-Covid Policy Succeeded—Until It Didn’t. Here’s What Went Wrong And What Experts Think Could Happen Next.