*Ex-Ford CEO warns of fierce challenge ahead for electric vehicles*
Across almost every segment of the electric-vehicle industry, demand seems to be slowing. Hertz is slowing the electrification of its rental fleets, citing poor resale value and higher-than-expected repair costs. General Motors GM has scrapped plans to develop a cheap EV with Honda, in addition to scrapping an earlier EV-production target of 400,000 vehicles by 2024. The automaker is additionally delaying the production of its coming EV line, which Chief Executive Mary Barra said would reduce costs and expand profitability. At Ford F, where the EV division lost $1.3 billion during the third quarter, in a similar move said that it was postponing around $12 billion of investments in EVs. And even Tesla TSLA, the indisputable EV king, has been struggling, reporting lower-than-expected deliveries and slashing prices in an effort to entice wary consumers. Related: Top analysts break down the 'meltdown' of the global electric vehicle market "The bottom line," former Ford CEO Mark Fields told CNBC, "is EV demand is cooling as the early-adopter phase wanes off." "You've got a challenge in the industry," he added. Deutsche Bank's lead auto technology analyst, Emmanuel Rosner, noted a slowdown in EV adoption. He said the EV market is in the midst of a "meltdown" as earnest investors deal with new expectations from automakers, which are treading a bit more softly when it comes to EVs. Fields agreed, saying this meltdown is particularly potent with "new companies that "have come on and are solely EVs at very high price points." Established automakers like Ford or GM, he said, will certainly face challenges ahead when it comes to electrification. But these automakers can rely for now on the business generated by their internal combustion engine vehicles to fund investments in EVs. Lucid reported revenue of $137.8 million, driven by delivery of 1,457 vehicles, for the third quarter of the year. Tesla reported deliveries of 435,000 EVs for the year, below Wall Street estimates of 455,000. NurPhoto/Getty Images The EV-only companies, such as Lucid and Rivian, don't have that resource to fall back on. And with EV demand where it is, Fields said, any automaker's decision to pull back its EV investments was a "rational approach." "From where we stood six months ago, it's going to be a challenging time for everyone involved in the EV market right now," he said. Related: Former Ford CEO has a blunt warning for the electric vehicle industryEVs are still the future Still, Fields is convinced that the transition to electric propulsion systems is inevitable. It's just a transition that is going to "take longer than everybody expected." General Motors, he said, is pushing back its investments. But the company is sticking to its plan to produce one million EVs by 2025, an increase of around 10 times the company's current production. The industry, Fields said, is still pointing toward electrification. It's just doing so more slowly. The main obstacles automakers still must overcome are cost and charging infrastructure, to assuage consumers' so-called range anxiety, the concern they won't have enough battery power to get where they're going. "This is going to be an inexorable transition in terms of propulsion systems," he said. Lucid, among the newer EV-only companies to which Fields referred, reported a net loss of $631 million for its third quarter. The company cut its production outlook for the year to a range of 8,000 to 8,500 vehicles, below earlier estimates of 10,000.Related: One of Tesla's most prominent competitors has no plans to engage in Elon Musk's vicious price war Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/electric-vehicles/former-ford-ceo-electric-vehicle-industry-tesla-adoption-curve)
Across almost every segment of the electric-vehicle industry, demand seems to be slowing. Hertz is slowing the electrification of its rental fleets, citing poor resale value and higher-than-expected repair costs. General Motors GM has scrapped plans to develop a cheap EV with Honda, in addition to scrapping an earlier EV-production target of 400,000 vehicles by 2024. The automaker is additionally delaying the production of its coming EV line, which Chief Executive Mary Barra said would reduce costs and expand profitability. At Ford F, where the EV division lost $1.3 billion during the third quarter, in a similar move said that it was postponing around $12 billion of investments in EVs. And even Tesla TSLA, the indisputable EV king, has been struggling, reporting lower-than-expected deliveries and slashing prices in an effort to entice wary consumers. Related: Top analysts break down the 'meltdown' of the global electric vehicle market "The bottom line," former Ford CEO Mark Fields told CNBC, "is EV demand is cooling as the early-adopter phase wanes off." "You've got a challenge in the industry," he added. Deutsche Bank's lead auto technology analyst, Emmanuel Rosner, noted a slowdown in EV adoption. He said the EV market is in the midst of a "meltdown" as earnest investors deal with new expectations from automakers, which are treading a bit more softly when it comes to EVs. Fields agreed, saying this meltdown is particularly potent with "new companies that "have come on and are solely EVs at very high price points." Established automakers like Ford or GM, he said, will certainly face challenges ahead when it comes to electrification. But these automakers can rely for now on the business generated by their internal combustion engine vehicles to fund investments in EVs. Lucid reported revenue of $137.8 million, driven by delivery of 1,457 vehicles, for the third quarter of the year. Tesla reported deliveries of 435,000 EVs for the year, below Wall Street estimates of 455,000. NurPhoto/Getty Images The EV-only companies, such as Lucid and Rivian, don't have that resource to fall back on. And with EV demand where it is, Fields said, any automaker's decision to pull back its EV investments was a "rational approach." "From where we stood six months ago, it's going to be a challenging time for everyone involved in the EV market right now," he said. Related: Former Ford CEO has a blunt warning for the electric vehicle industryEVs are still the future Still, Fields is convinced that the transition to electric propulsion systems is inevitable. It's just a transition that is going to "take longer than everybody expected." General Motors, he said, is pushing back its investments. But the company is sticking to its plan to produce one million EVs by 2025, an increase of around 10 times the company's current production. The industry, Fields said, is still pointing toward electrification. It's just doing so more slowly. The main obstacles automakers still must overcome are cost and charging infrastructure, to assuage consumers' so-called range anxiety, the concern they won't have enough battery power to get where they're going. "This is going to be an inexorable transition in terms of propulsion systems," he said. Lucid, among the newer EV-only companies to which Fields referred, reported a net loss of $631 million for its third quarter. The company cut its production outlook for the year to a range of 8,000 to 8,500 vehicles, below earlier estimates of 10,000.Related: One of Tesla's most prominent competitors has no plans to engage in Elon Musk's vicious price war Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/electric-vehicles/former-ford-ceo-electric-vehicle-industry-tesla-adoption-curve)
TheStreet
Ex-Ford CEO warns of fierce challenge ahead for electric vehicles
Analysts are beginning to note more than just a softening in the EV adoption curve.
Ex-Ford CEO warns of fierce challenge ahead for electric vehicles
Across almost every segment of the electric-vehicle industry, demand seems to be slowing. Hertz is slowing the electrification of its rental fleets, citing poor resale value and higher-than-expected repair costs. General Motors GM has scrapped plans to develop a cheap EV with Honda, in addition to scrapping an earlier EV-production target of 400,000 vehicles by 2024. The automaker is additionally delaying the production of its coming EV line, which Chief Executive Mary Barra said would reduce costs and expand profitability. At Ford F, where the EV division lost $1.3 billion during the third quarter, in a similar move said that it was postponing around $12 billion of investments in EVs. And even Tesla TSLA, the indisputable EV king, has been struggling, reporting lower-than-expected deliveries and slashing prices in an effort to entice wary consumers. Related: Top analysts break down the 'meltdown' of the global electric vehicle market "The bottom line," former Ford CEO Mark Fields told CNBC, "is EV demand is cooling as the early-adopter phase wanes off." "You've got a challenge in the industry," he added. Deutsche Bank's lead auto technology analyst, Emmanuel Rosner, noted a slowdown in EV adoption. He said the EV market is in the midst of a "meltdown" as earnest investors deal with new expectations from automakers, which are treading a bit more softly when it comes to EVs. Fields agreed, saying this meltdown is particularly potent with "new companies that "have come on and are solely EVs at very high price points." Established automakers like Ford or GM, he said, will certainly face challenges ahead when it comes to electrification. But these automakers can rely for now on the business generated by their internal combustion engine vehicles to fund investments in EVs. Lucid reported revenue of $137.8 million, driven by delivery of 1,457 vehicles, for the third quarter of the year. Tesla reported deliveries of 435,000 EVs for the year, below Wall Street estimates of 455,000. NurPhoto/Getty Images The EV-only companies, such as Lucid and Rivian, don't have that resource to fall back on. And with EV demand where it is, Fields said, any automaker's decision to pull back its EV investments was a "rational approach." "From where we stood six months ago, it's going to be a challenging time for everyone involved in the EV market right now," he said. Related: Former Ford CEO has a blunt warning for the electric vehicle industryEVs are still the future Still, Fields is convinced that the transition to electric propulsion systems is inevitable. It's just a transition that is going to "take longer than everybody expected." General Motors, he said, is pushing back its investments. But the company is sticking to its plan to produce one million EVs by 2025, an increase of around 10 times the company's current production. The industry, Fields said, is still pointing toward electrification. It's just doing so more slowly. The main obstacles automakers still must overcome are cost and charging infrastructure, to assuage consumers' so-called range anxiety, the concern they won't have enough battery power to get where they're going. "This is going to be an inexorable transition in terms of propulsion systems," he said. Lucid, among the newer EV-only companies to which Fields referred, reported a net loss of $631 million for its third quarter. The company cut its production outlook for the year to a range of 8,000 to 8,500 vehicles, below earlier estimates of 10,000.Related: One of Tesla's most prominent competitors has no plans to engage in Elon Musk's vicious price war Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Across almost every segment of the electric-vehicle industry, demand seems to be slowing. Hertz is slowing the electrification of its rental fleets, citing poor resale value and higher-than-expected repair costs. General Motors GM has scrapped plans to develop a cheap EV with Honda, in addition to scrapping an earlier EV-production target of 400,000 vehicles by 2024. The automaker is additionally delaying the production of its coming EV line, which Chief Executive Mary Barra said would reduce costs and expand profitability. At Ford F, where the EV division lost $1.3 billion during the third quarter, in a similar move said that it was postponing around $12 billion of investments in EVs. And even Tesla TSLA, the indisputable EV king, has been struggling, reporting lower-than-expected deliveries and slashing prices in an effort to entice wary consumers. Related: Top analysts break down the 'meltdown' of the global electric vehicle market "The bottom line," former Ford CEO Mark Fields told CNBC, "is EV demand is cooling as the early-adopter phase wanes off." "You've got a challenge in the industry," he added. Deutsche Bank's lead auto technology analyst, Emmanuel Rosner, noted a slowdown in EV adoption. He said the EV market is in the midst of a "meltdown" as earnest investors deal with new expectations from automakers, which are treading a bit more softly when it comes to EVs. Fields agreed, saying this meltdown is particularly potent with "new companies that "have come on and are solely EVs at very high price points." Established automakers like Ford or GM, he said, will certainly face challenges ahead when it comes to electrification. But these automakers can rely for now on the business generated by their internal combustion engine vehicles to fund investments in EVs. Lucid reported revenue of $137.8 million, driven by delivery of 1,457 vehicles, for the third quarter of the year. Tesla reported deliveries of 435,000 EVs for the year, below Wall Street estimates of 455,000. NurPhoto/Getty Images The EV-only companies, such as Lucid and Rivian, don't have that resource to fall back on. And with EV demand where it is, Fields said, any automaker's decision to pull back its EV investments was a "rational approach." "From where we stood six months ago, it's going to be a challenging time for everyone involved in the EV market right now," he said. Related: Former Ford CEO has a blunt warning for the electric vehicle industryEVs are still the future Still, Fields is convinced that the transition to electric propulsion systems is inevitable. It's just a transition that is going to "take longer than everybody expected." General Motors, he said, is pushing back its investments. But the company is sticking to its plan to produce one million EVs by 2025, an increase of around 10 times the company's current production. The industry, Fields said, is still pointing toward electrification. It's just doing so more slowly. The main obstacles automakers still must overcome are cost and charging infrastructure, to assuage consumers' so-called range anxiety, the concern they won't have enough battery power to get where they're going. "This is going to be an inexorable transition in terms of propulsion systems," he said. Lucid, among the newer EV-only companies to which Fields referred, reported a net loss of $631 million for its third quarter. The company cut its production outlook for the year to a range of 8,000 to 8,500 vehicles, below earlier estimates of 10,000.Related: One of Tesla's most prominent competitors has no plans to engage in Elon Musk's vicious price war Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Ex-Ford CEO warns of fierce challenge ahead for electric vehicles
Analysts are beginning to note more than just a softening in the EV adoption curve.
*RosHunter =?UTF-8?B?0JrRg9C/0LjRgtGMIC0g0KTQvtGA0LzQsCDQvtC00LXQttC00Ys=?=*
via forma full 5 https://ift.tt/i8ysMeA Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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via forma full 5 https://ift.tt/i8ysMeA Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3576492.html)
Forma-Odezhda
Купить Товары RosHunter Купить
Купить Товары Одежда для охотников под торговой маркой «RosHunter» отличается высоким качеством изготовления и долговечностью в эксплуатации. Её давно оценили люди, чьей страстью является охота . Наш девиз: «Качество и стиль», хорошо знаком всем нашим по
RosHunter =?UTF-8?B?0JrRg9C/0LjRgtGMIC0g0KTQvtGA0LzQsCDQvtC00LXQttC00Ys=?=
via forma full 5 https://ift.tt/i8ysMeA Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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via forma full 5 https://ift.tt/i8ysMeA Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Forma-Odezhda
Купить Товары RosHunter Купить
Купить Товары Одежда для охотников под торговой маркой «RosHunter» отличается высоким качеством изготовления и долговечностью в эксплуатации. Её давно оценили люди, чьей страстью является охота . Наш девиз: «Качество и стиль», хорошо знаком всем нашим по
*One Piece: Chapter 1098*
Chapter 1098: "The birth of Bonney" Source Status Official Release OFFLINE TCBscans website (TCBscans (dot) com) ONLINE TCB Discord ONLINE /r/OnePiece Discord ONLINE Ch. 1098 Official Release (Mangaplus): 12/11/2023 Ch. 1099 Scan Release: ~22/11/2023 There is a break next week. Please discuss the manga here and in the theory/discussion post. Any other post will be removed until 24h after the release. Please also remember to put the chapter number in the title for any future post talking about this chapter. submitted by /u/Kirosh2 to r/OnePiece [link] [comments]
[Read more...](https://www.reddit.com/r/OnePiece/comments/17qkusl/one_piece_chapter_1098/)
Chapter 1098: "The birth of Bonney" Source Status Official Release OFFLINE TCBscans website (TCBscans (dot) com) ONLINE TCB Discord ONLINE /r/OnePiece Discord ONLINE Ch. 1098 Official Release (Mangaplus): 12/11/2023 Ch. 1099 Scan Release: ~22/11/2023 There is a break next week. Please discuss the manga here and in the theory/discussion post. Any other post will be removed until 24h after the release. Please also remember to put the chapter number in the title for any future post talking about this chapter. submitted by /u/Kirosh2 to r/OnePiece [link] [comments]
[Read more...](https://www.reddit.com/r/OnePiece/comments/17qkusl/one_piece_chapter_1098/)
Reddit
From the OnePiece community on Reddit
Explore this post and more from the OnePiece community
One Piece: Chapter 1098
Chapter 1098: "The birth of Bonney" Source Status Official Release OFFLINE TCBscans website (TCBscans (dot) com) ONLINE TCB Discord ONLINE /r/OnePiece Discord ONLINE Ch. 1098 Official Release (Mangaplus): 12/11/2023 Ch. 1099 Scan Release: ~22/11/2023 There is a break next week. Please discuss the manga here and in the theory/discussion post. Any other post will be removed until 24h after the release. Please also remember to put the chapter number in the title for any future post talking about this chapter. submitted by /u/Kirosh2 to r/OnePiece link comments
Read more...
Chapter 1098: "The birth of Bonney" Source Status Official Release OFFLINE TCBscans website (TCBscans (dot) com) ONLINE TCB Discord ONLINE /r/OnePiece Discord ONLINE Ch. 1098 Official Release (Mangaplus): 12/11/2023 Ch. 1099 Scan Release: ~22/11/2023 There is a break next week. Please discuss the manga here and in the theory/discussion post. Any other post will be removed until 24h after the release. Please also remember to put the chapter number in the title for any future post talking about this chapter. submitted by /u/Kirosh2 to r/OnePiece link comments
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Reddit
From the OnePiece community on Reddit
Explore this post and more from the OnePiece community
*Here's what I researched...*
submitted by /u/Lightinouthou to r/memes [link] [comments]
[Read more...](https://www.reddit.com/r/memes/comments/17ql063/heres_what_i_researched/)
submitted by /u/Lightinouthou to r/memes [link] [comments]
[Read more...](https://www.reddit.com/r/memes/comments/17ql063/heres_what_i_researched/)
Reddit
From the memes community on Reddit: Here's what I researched...
Explore this post and more from the memes community
*Analyst Dan Ives says Apple could snap up Disney-owned ESPN for $40 billion*
When Tim Cook introduced the Apple Vision Pro in June, he also called on another guest to join him in the presentation: Disney CEO Bob Iger. Iger went on to present how The Walt Disney Company's DIS services were going to be accessible immediately upon the release of Apple's APPL latest innovation in 2024, showcasing examples of how Marvel movies could be seen through the lens of the device, or even how fans could simulate a court side experience at an NBA game shown on ESPN. A month later, Iger said that Disney would be looking for "strategic partners" for ESPN to help with the company's content and distribution. The announcement came as Disney stock continued to tank in the post-pandemic era. Disney share price was at nearly $200 per share in early 2021, but is below $85 per share today. In the months that have followed, there have several candidates reportedly in talks with Disney that could acquire a stake in ESPN including major tech companies like Apple and Amazon as well as sports leagues like the NFL, NBA, and MLB. ESPN's potential for a big move further amplified after for the first time in history, Disney shared ESPN's financials last month and showed that in the last nine months until July 1, ESPN had profited nearly $1.5 billion. Just days before that, a New York Post report suggested that Disney was looking to sell about 10% stake of its sports network, but that the number is "fluid."Related: ESPN is jumping into sports betting this month; these states can bet There are some out there that believe that Disney could even sell controlling stake of ESPN. One of them, Wedbush Securities Managing Director Dan Ives, believes Apple has its eyes on the sports network. "I believe that ESPN is the asset that ultimately [Apple] will buy," Ives said on Bloomberg Surveillance on Wednesday. Ives projected that the asking price for ESPN could be around "$35 to 40 billion." He believes Apple has seen the opportunity in the space given the early success of its exclusive deal with Major League Soccer priced at $250 million per year. "It goes back to the MLS deal. That was I think where the light bulb went off in terms of live streaming sports. I think ESPN is a unique asset," Ives said.Dan Ives of Wedbush expects Apple to look at M&A. "I believe ESPN is the asset that ultimately they will buy."https://t.co/ONkKRAHhOB pic.twitter.com/FOA0TMLzQO— BSurveillance (@bsurveillance) November 8, 2023 Related: Disney's plans for ESPN are becoming more clear Disney and Iger brushed off thoughts that that it would be selling ESPN during its Q3 investor relations call in August. And there are several factors that should be worth watching if Apple is to acquire ESPN. The network already has its fair share of media rights deals such as with the NBA and NFL. Apple's would essentially acquire those media rights deals with ESPN, instead of continuing its current route of taking pieces of the pie of current deals and housing them on Apple TV+. How would that then effect the integration of Apple's streaming service? That would have to be answered in a separate deal. Another point to watch is ESPN's foray into sports betting. The network is expected to launch ESPN Bet next week, and it's unclear if Apple would be willing to enter the sports betting world as well. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/media/top-analyst-suggests-apple-disney-espn-40-billion)
When Tim Cook introduced the Apple Vision Pro in June, he also called on another guest to join him in the presentation: Disney CEO Bob Iger. Iger went on to present how The Walt Disney Company's DIS services were going to be accessible immediately upon the release of Apple's APPL latest innovation in 2024, showcasing examples of how Marvel movies could be seen through the lens of the device, or even how fans could simulate a court side experience at an NBA game shown on ESPN. A month later, Iger said that Disney would be looking for "strategic partners" for ESPN to help with the company's content and distribution. The announcement came as Disney stock continued to tank in the post-pandemic era. Disney share price was at nearly $200 per share in early 2021, but is below $85 per share today. In the months that have followed, there have several candidates reportedly in talks with Disney that could acquire a stake in ESPN including major tech companies like Apple and Amazon as well as sports leagues like the NFL, NBA, and MLB. ESPN's potential for a big move further amplified after for the first time in history, Disney shared ESPN's financials last month and showed that in the last nine months until July 1, ESPN had profited nearly $1.5 billion. Just days before that, a New York Post report suggested that Disney was looking to sell about 10% stake of its sports network, but that the number is "fluid."Related: ESPN is jumping into sports betting this month; these states can bet There are some out there that believe that Disney could even sell controlling stake of ESPN. One of them, Wedbush Securities Managing Director Dan Ives, believes Apple has its eyes on the sports network. "I believe that ESPN is the asset that ultimately [Apple] will buy," Ives said on Bloomberg Surveillance on Wednesday. Ives projected that the asking price for ESPN could be around "$35 to 40 billion." He believes Apple has seen the opportunity in the space given the early success of its exclusive deal with Major League Soccer priced at $250 million per year. "It goes back to the MLS deal. That was I think where the light bulb went off in terms of live streaming sports. I think ESPN is a unique asset," Ives said.Dan Ives of Wedbush expects Apple to look at M&A. "I believe ESPN is the asset that ultimately they will buy."https://t.co/ONkKRAHhOB pic.twitter.com/FOA0TMLzQO— BSurveillance (@bsurveillance) November 8, 2023 Related: Disney's plans for ESPN are becoming more clear Disney and Iger brushed off thoughts that that it would be selling ESPN during its Q3 investor relations call in August. And there are several factors that should be worth watching if Apple is to acquire ESPN. The network already has its fair share of media rights deals such as with the NBA and NFL. Apple's would essentially acquire those media rights deals with ESPN, instead of continuing its current route of taking pieces of the pie of current deals and housing them on Apple TV+. How would that then effect the integration of Apple's streaming service? That would have to be answered in a separate deal. Another point to watch is ESPN's foray into sports betting. The network is expected to launch ESPN Bet next week, and it's unclear if Apple would be willing to enter the sports betting world as well. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/media/top-analyst-suggests-apple-disney-espn-40-billion)
Bloomberg.com
Asia Stocks to Open Mixed After S&P Extends Rally: Markets Wrap
Global stocks struggled to make headway as a raft of central bank officials pushed back against the prospect of speedy interest rate cuts, a message which Federal Reserve Chair Jerome Powell could reinforce later in the day.
Analyst Dan Ives says Apple could snap up Disney-owned ESPN for $40 billion
When Tim Cook introduced the Apple Vision Pro in June, he also called on another guest to join him in the presentation: Disney CEO Bob Iger. Iger went on to present how The Walt Disney Company's DIS services were going to be accessible immediately upon the release of Apple's APPL latest innovation in 2024, showcasing examples of how Marvel movies could be seen through the lens of the device, or even how fans could simulate a court side experience at an NBA game shown on ESPN. A month later, Iger said that Disney would be looking for "strategic partners" for ESPN to help with the company's content and distribution. The announcement came as Disney stock continued to tank in the post-pandemic era. Disney share price was at nearly $200 per share in early 2021, but is below $85 per share today. In the months that have followed, there have several candidates reportedly in talks with Disney that could acquire a stake in ESPN including major tech companies like Apple and Amazon as well as sports leagues like the NFL, NBA, and MLB. ESPN's potential for a big move further amplified after for the first time in history, Disney shared ESPN's financials last month and showed that in the last nine months until July 1, ESPN had profited nearly $1.5 billion. Just days before that, a New York Post report suggested that Disney was looking to sell about 10% stake of its sports network, but that the number is "fluid."Related: ESPN is jumping into sports betting this month; these states can bet There are some out there that believe that Disney could even sell controlling stake of ESPN. One of them, Wedbush Securities Managing Director Dan Ives, believes Apple has its eyes on the sports network. "I believe that ESPN is the asset that ultimately Apple will buy," Ives said on Bloomberg Surveillance on Wednesday. Ives projected that the asking price for ESPN could be around "$35 to 40 billion." He believes Apple has seen the opportunity in the space given the early success of its exclusive deal with Major League Soccer priced at $250 million per year. "It goes back to the MLS deal. That was I think where the light bulb went off in terms of live streaming sports. I think ESPN is a unique asset," Ives said.Dan Ives of Wedbush expects Apple to look at M&A. "I believe ESPN is the asset that ultimately they will buy."https://t.co/ONkKRAHhOB pic.twitter.com/FOA0TMLzQO— BSurveillance (@bsurveillance) November 8, 2023 Related: Disney's plans for ESPN are becoming more clear Disney and Iger brushed off thoughts that that it would be selling ESPN during its Q3 investor relations call in August. And there are several factors that should be worth watching if Apple is to acquire ESPN. The network already has its fair share of media rights deals such as with the NBA and NFL. Apple's would essentially acquire those media rights deals with ESPN, instead of continuing its current route of taking pieces of the pie of current deals and housing them on Apple TV+. How would that then effect the integration of Apple's streaming service? That would have to be answered in a separate deal. Another point to watch is ESPN's foray into sports betting. The network is expected to launch ESPN Bet next week, and it's unclear if Apple would be willing to enter the sports betting world as well. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
When Tim Cook introduced the Apple Vision Pro in June, he also called on another guest to join him in the presentation: Disney CEO Bob Iger. Iger went on to present how The Walt Disney Company's DIS services were going to be accessible immediately upon the release of Apple's APPL latest innovation in 2024, showcasing examples of how Marvel movies could be seen through the lens of the device, or even how fans could simulate a court side experience at an NBA game shown on ESPN. A month later, Iger said that Disney would be looking for "strategic partners" for ESPN to help with the company's content and distribution. The announcement came as Disney stock continued to tank in the post-pandemic era. Disney share price was at nearly $200 per share in early 2021, but is below $85 per share today. In the months that have followed, there have several candidates reportedly in talks with Disney that could acquire a stake in ESPN including major tech companies like Apple and Amazon as well as sports leagues like the NFL, NBA, and MLB. ESPN's potential for a big move further amplified after for the first time in history, Disney shared ESPN's financials last month and showed that in the last nine months until July 1, ESPN had profited nearly $1.5 billion. Just days before that, a New York Post report suggested that Disney was looking to sell about 10% stake of its sports network, but that the number is "fluid."Related: ESPN is jumping into sports betting this month; these states can bet There are some out there that believe that Disney could even sell controlling stake of ESPN. One of them, Wedbush Securities Managing Director Dan Ives, believes Apple has its eyes on the sports network. "I believe that ESPN is the asset that ultimately Apple will buy," Ives said on Bloomberg Surveillance on Wednesday. Ives projected that the asking price for ESPN could be around "$35 to 40 billion." He believes Apple has seen the opportunity in the space given the early success of its exclusive deal with Major League Soccer priced at $250 million per year. "It goes back to the MLS deal. That was I think where the light bulb went off in terms of live streaming sports. I think ESPN is a unique asset," Ives said.Dan Ives of Wedbush expects Apple to look at M&A. "I believe ESPN is the asset that ultimately they will buy."https://t.co/ONkKRAHhOB pic.twitter.com/FOA0TMLzQO— BSurveillance (@bsurveillance) November 8, 2023 Related: Disney's plans for ESPN are becoming more clear Disney and Iger brushed off thoughts that that it would be selling ESPN during its Q3 investor relations call in August. And there are several factors that should be worth watching if Apple is to acquire ESPN. The network already has its fair share of media rights deals such as with the NBA and NFL. Apple's would essentially acquire those media rights deals with ESPN, instead of continuing its current route of taking pieces of the pie of current deals and housing them on Apple TV+. How would that then effect the integration of Apple's streaming service? That would have to be answered in a separate deal. Another point to watch is ESPN's foray into sports betting. The network is expected to launch ESPN Bet next week, and it's unclear if Apple would be willing to enter the sports betting world as well. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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Bloomberg.com
Asia Stocks to Open Mixed After S&P Extends Rally: Markets Wrap
Global stocks struggled to make headway as a raft of central bank officials pushed back against the prospect of speedy interest rate cuts, a message which Federal Reserve Chair Jerome Powell could reinforce later in the day.
*They're not even close to being the same*
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From the BlackPeopleTwitter community on Reddit: They're not even close to being the same
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They're not even close to being the same
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From the BlackPeopleTwitter community on Reddit: They're not even close to being the same
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*Ubuntu Touch OTA-3 released with support for over two dozen devices (including the PinePhone and PinePhone Pro)*
Ubuntu Touch is a mobile Linux distribution designed to run on smartphones and tablets. And this week a new version is starting to roll out for more than two dozen supported devices. Ubuntu Touch OTA-3 is based on Ubuntu 20.04 LTS and includes the latest Ubuntu security updates, as well as a number of mobile-specific […] The post Ubuntu Touch OTA-3 released with support for over two dozen devices (including the PinePhone and PinePhone Pro) appeared first on Liliputing.
[Read more...](https://liliputing.com/ubuntu-touch-ota-3-released-with-support-for-over-two-dozen-devices-including-the-pinephone-and-pinephone-pro/)
Ubuntu Touch is a mobile Linux distribution designed to run on smartphones and tablets. And this week a new version is starting to roll out for more than two dozen supported devices. Ubuntu Touch OTA-3 is based on Ubuntu 20.04 LTS and includes the latest Ubuntu security updates, as well as a number of mobile-specific […] The post Ubuntu Touch OTA-3 released with support for over two dozen devices (including the PinePhone and PinePhone Pro) appeared first on Liliputing.
[Read more...](https://liliputing.com/ubuntu-touch-ota-3-released-with-support-for-over-two-dozen-devices-including-the-pinephone-and-pinephone-pro/)
*Adam Silver denies NBA’s involvement in ESPN summer layoffs*
ESPN had an eventful summer after its parent company, Disney, cut 7,000 jobs. The sports network was not spared — and neither were its front-facing talents as around 20 on-air names were cut. Two of the names that were let go were Jeff Van Gundy and Mark Jackson, who comprised two-thirds of ESPN's top NBA broadcast team. The two called at least a decade and a half of NBA games — including the NBA Finals — for ESPN, so there were questions as to the reasoning behind the abrupt change. But a report by The New York Post's Andrew Marchand gave a potential answer as he suggested that NBA executives were not particularly happy with the commentary of Van Gundy. The former New York Knicks coach was known for being critical of the league — particularly the calls of the league's referees. And he would express his criticisms on live television during some of the NBA's biggest games.Related: Former ESPN Star Posts Somber Goodbye Message After Sudden Firing But NBA Commissioner pushed back on those comments in an interview with ESPN's JJ Redick on his podcast "The Old Man and The Three" — which is not associated with ESPN — that released on Wednesday. In asking Silver what he thinks the media can do better about promoting the NBA as whole versus promoting specific teams and players, Redick also said he wasn't sure how much influence the league has on the media's "ancillary content around the broadcast." Silver responded by saying that the league has "very little influence" on the programming. He then pointed out that this includes the report from the summer about ESPN's changes. "Despite what was written even about some talent changes at ESPN, the league does not have a say there," Silver said. Silver did not any more on the broadcasting changes. He added that the league does have a say in scheduling of what games are shown on the broadcast. "We do have a say in the schedule itself. There is a back and forth between the networks and the league office on scheduling, on determining which teams to max out on," Silver said.Related: Doris Burke recounts ESPN's surprise layoffs and how she received the top NBA analyst role While the NBA and ESPN are two separate entities — in fact ESPN employees journalists who cover the league and are supposed to remain objective — it's no secret that the two are partners in helping each grow. Redick even referred to the two companies as "partners" on the podcast. Disney is paying around $1.3 billion annually to broadcast NBA games on ESPN and ABC. Silver even pointed out on the podcast that the NBA media rights deal is the big priority for the league right now, and the two incumbents — Disney and Warner Bros. Discovery WBD — can negotiate with the league exclusively until the end of the current season. The current deal expires after the 2024-25 NBA season, and the league is reportedly looking to fetch around two to three times more annually for its media rights deal. There is an expectation that at least one more player will get a share of the pie, and the candidates include Amazon and Apple. View the original article to see embedded media. Get exclusive access to portfolio managers and their proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/sports/adam-silver-firmly-denies-nba-involvement-espn-move)
ESPN had an eventful summer after its parent company, Disney, cut 7,000 jobs. The sports network was not spared — and neither were its front-facing talents as around 20 on-air names were cut. Two of the names that were let go were Jeff Van Gundy and Mark Jackson, who comprised two-thirds of ESPN's top NBA broadcast team. The two called at least a decade and a half of NBA games — including the NBA Finals — for ESPN, so there were questions as to the reasoning behind the abrupt change. But a report by The New York Post's Andrew Marchand gave a potential answer as he suggested that NBA executives were not particularly happy with the commentary of Van Gundy. The former New York Knicks coach was known for being critical of the league — particularly the calls of the league's referees. And he would express his criticisms on live television during some of the NBA's biggest games.Related: Former ESPN Star Posts Somber Goodbye Message After Sudden Firing But NBA Commissioner pushed back on those comments in an interview with ESPN's JJ Redick on his podcast "The Old Man and The Three" — which is not associated with ESPN — that released on Wednesday. In asking Silver what he thinks the media can do better about promoting the NBA as whole versus promoting specific teams and players, Redick also said he wasn't sure how much influence the league has on the media's "ancillary content around the broadcast." Silver responded by saying that the league has "very little influence" on the programming. He then pointed out that this includes the report from the summer about ESPN's changes. "Despite what was written even about some talent changes at ESPN, the league does not have a say there," Silver said. Silver did not any more on the broadcasting changes. He added that the league does have a say in scheduling of what games are shown on the broadcast. "We do have a say in the schedule itself. There is a back and forth between the networks and the league office on scheduling, on determining which teams to max out on," Silver said.Related: Doris Burke recounts ESPN's surprise layoffs and how she received the top NBA analyst role While the NBA and ESPN are two separate entities — in fact ESPN employees journalists who cover the league and are supposed to remain objective — it's no secret that the two are partners in helping each grow. Redick even referred to the two companies as "partners" on the podcast. Disney is paying around $1.3 billion annually to broadcast NBA games on ESPN and ABC. Silver even pointed out on the podcast that the NBA media rights deal is the big priority for the league right now, and the two incumbents — Disney and Warner Bros. Discovery WBD — can negotiate with the league exclusively until the end of the current season. The current deal expires after the 2024-25 NBA season, and the league is reportedly looking to fetch around two to three times more annually for its media rights deal. There is an expectation that at least one more player will get a share of the pie, and the candidates include Amazon and Apple. View the original article to see embedded media. Get exclusive access to portfolio managers and their proven investing strategies with Real Money Pro. Get started now.
[Read more...](https://www.thestreet.com/sports/adam-silver-firmly-denies-nba-involvement-espn-move)
TheStreet
Adam Silver firmly denies NBA’s involvement in a major ESPN move
Silver spoke on ESPN analyst JJ Redick's podcast.
Adam Silver denies NBA’s involvement in ESPN summer layoffs
ESPN had an eventful summer after its parent company, Disney, cut 7,000 jobs. The sports network was not spared — and neither were its front-facing talents as around 20 on-air names were cut. Two of the names that were let go were Jeff Van Gundy and Mark Jackson, who comprised two-thirds of ESPN's top NBA broadcast team. The two called at least a decade and a half of NBA games — including the NBA Finals — for ESPN, so there were questions as to the reasoning behind the abrupt change. But a report by The New York Post's Andrew Marchand gave a potential answer as he suggested that NBA executives were not particularly happy with the commentary of Van Gundy. The former New York Knicks coach was known for being critical of the league — particularly the calls of the league's referees. And he would express his criticisms on live television during some of the NBA's biggest games.Related: Former ESPN Star Posts Somber Goodbye Message After Sudden Firing But NBA Commissioner pushed back on those comments in an interview with ESPN's JJ Redick on his podcast "The Old Man and The Three" — which is not associated with ESPN — that released on Wednesday. In asking Silver what he thinks the media can do better about promoting the NBA as whole versus promoting specific teams and players, Redick also said he wasn't sure how much influence the league has on the media's "ancillary content around the broadcast." Silver responded by saying that the league has "very little influence" on the programming. He then pointed out that this includes the report from the summer about ESPN's changes. "Despite what was written even about some talent changes at ESPN, the league does not have a say there," Silver said. Silver did not any more on the broadcasting changes. He added that the league does have a say in scheduling of what games are shown on the broadcast. "We do have a say in the schedule itself. There is a back and forth between the networks and the league office on scheduling, on determining which teams to max out on," Silver said.Related: Doris Burke recounts ESPN's surprise layoffs and how she received the top NBA analyst role While the NBA and ESPN are two separate entities — in fact ESPN employees journalists who cover the league and are supposed to remain objective — it's no secret that the two are partners in helping each grow. Redick even referred to the two companies as "partners" on the podcast. Disney is paying around $1.3 billion annually to broadcast NBA games on ESPN and ABC. Silver even pointed out on the podcast that the NBA media rights deal is the big priority for the league right now, and the two incumbents — Disney and Warner Bros. Discovery WBD — can negotiate with the league exclusively until the end of the current season. The current deal expires after the 2024-25 NBA season, and the league is reportedly looking to fetch around two to three times more annually for its media rights deal. There is an expectation that at least one more player will get a share of the pie, and the candidates include Amazon and Apple. View the original article to see embedded media. Get exclusive access to portfolio managers and their proven investing strategies with Real Money Pro. Get started now.
Read more...
ESPN had an eventful summer after its parent company, Disney, cut 7,000 jobs. The sports network was not spared — and neither were its front-facing talents as around 20 on-air names were cut. Two of the names that were let go were Jeff Van Gundy and Mark Jackson, who comprised two-thirds of ESPN's top NBA broadcast team. The two called at least a decade and a half of NBA games — including the NBA Finals — for ESPN, so there were questions as to the reasoning behind the abrupt change. But a report by The New York Post's Andrew Marchand gave a potential answer as he suggested that NBA executives were not particularly happy with the commentary of Van Gundy. The former New York Knicks coach was known for being critical of the league — particularly the calls of the league's referees. And he would express his criticisms on live television during some of the NBA's biggest games.Related: Former ESPN Star Posts Somber Goodbye Message After Sudden Firing But NBA Commissioner pushed back on those comments in an interview with ESPN's JJ Redick on his podcast "The Old Man and The Three" — which is not associated with ESPN — that released on Wednesday. In asking Silver what he thinks the media can do better about promoting the NBA as whole versus promoting specific teams and players, Redick also said he wasn't sure how much influence the league has on the media's "ancillary content around the broadcast." Silver responded by saying that the league has "very little influence" on the programming. He then pointed out that this includes the report from the summer about ESPN's changes. "Despite what was written even about some talent changes at ESPN, the league does not have a say there," Silver said. Silver did not any more on the broadcasting changes. He added that the league does have a say in scheduling of what games are shown on the broadcast. "We do have a say in the schedule itself. There is a back and forth between the networks and the league office on scheduling, on determining which teams to max out on," Silver said.Related: Doris Burke recounts ESPN's surprise layoffs and how she received the top NBA analyst role While the NBA and ESPN are two separate entities — in fact ESPN employees journalists who cover the league and are supposed to remain objective — it's no secret that the two are partners in helping each grow. Redick even referred to the two companies as "partners" on the podcast. Disney is paying around $1.3 billion annually to broadcast NBA games on ESPN and ABC. Silver even pointed out on the podcast that the NBA media rights deal is the big priority for the league right now, and the two incumbents — Disney and Warner Bros. Discovery WBD — can negotiate with the league exclusively until the end of the current season. The current deal expires after the 2024-25 NBA season, and the league is reportedly looking to fetch around two to three times more annually for its media rights deal. There is an expectation that at least one more player will get a share of the pie, and the candidates include Amazon and Apple. View the original article to see embedded media. Get exclusive access to portfolio managers and their proven investing strategies with Real Money Pro. Get started now.
Read more...
TheStreet
Adam Silver firmly denies NBA’s involvement in a major ESPN move
Silver spoke on ESPN analyst JJ Redick's podcast.
*Jim Cramer says this legacy retail company's stock is 'done'*
Reporting third-quarter results Nov. 7, online retailer eBay EBAY forecasted profit and revenue for the current quarter below Street expectations, citing a pullback in consumer spending amid macroeconomic concerns. "We've observed softening consumer trends to date in Q4, and particular challenges in Europe, suggesting we may see a more muted seasonal uptick over the holidays," CEO Jamie Iannone told investors on the company's earnings call. "We are focused on controlling what we can control, being prudent about our costs and continuing to drive innovation for our customers."Related: Jim Cramer, trusted analysts are raving over one incredible tech stock The company reported a 5% increase in revenue for the quarter to $2.5 billion, about in line with analyst expectations. Adjusted earnings of $1.03 per share, likewise, were in line with Street estimates. EBay said in a statement that it returned more than $780 million to shareholders for the quarter, including $132 million in cash dividends. Shares of eBay plummeted following the report, hitting a fresh 52-week low of $37.17 on Wednesday. The stock is down more than 4%. CNBC's Jim Cramer, noting weak consumer demand and a less-than-optimal free cash flow, said in response to the report that he's "done" with eBay. "There are certain words you see and say: 'Listen, I've got to sell,'" Cramer said, taking note of the company's concern with volume uncertainty and the global economy. "I'd rather be in Costco COST, I'd rather be in Amazon AMZN, I'd rather be in Walmart WMT."Related: Jim Cramer Thinks This Latest Meme Stock Is About to Go Bust The average analyst price target for eBay is pegged at $45.50. The current analyst consensus recommends investors hold the stock. "This is a retailer. They are not an upstart. But I just think that the eBay file, done," Cramer said. "I want you to stick a fork in it. Stick a fork in eBay. Enough. Enough. Can you just disappoint me forever? At a certain point, I'm just going to take you off my screen." EBay's struggles with high interest rates and a challenging macroeconomic environment are not unique; they do, however, pose a potentially bigger problem as the company struggles to compete with Amazon. Amazon reported revenue of $512 billion in 2022, multiples above eBay's revenue of $10 billion for the year. Related: Jim Cramer has important advice for those worried about a recession Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/retail/jim-cramer-third-quarter-earnings-ebay-retailer)
Reporting third-quarter results Nov. 7, online retailer eBay EBAY forecasted profit and revenue for the current quarter below Street expectations, citing a pullback in consumer spending amid macroeconomic concerns. "We've observed softening consumer trends to date in Q4, and particular challenges in Europe, suggesting we may see a more muted seasonal uptick over the holidays," CEO Jamie Iannone told investors on the company's earnings call. "We are focused on controlling what we can control, being prudent about our costs and continuing to drive innovation for our customers."Related: Jim Cramer, trusted analysts are raving over one incredible tech stock The company reported a 5% increase in revenue for the quarter to $2.5 billion, about in line with analyst expectations. Adjusted earnings of $1.03 per share, likewise, were in line with Street estimates. EBay said in a statement that it returned more than $780 million to shareholders for the quarter, including $132 million in cash dividends. Shares of eBay plummeted following the report, hitting a fresh 52-week low of $37.17 on Wednesday. The stock is down more than 4%. CNBC's Jim Cramer, noting weak consumer demand and a less-than-optimal free cash flow, said in response to the report that he's "done" with eBay. "There are certain words you see and say: 'Listen, I've got to sell,'" Cramer said, taking note of the company's concern with volume uncertainty and the global economy. "I'd rather be in Costco COST, I'd rather be in Amazon AMZN, I'd rather be in Walmart WMT."Related: Jim Cramer Thinks This Latest Meme Stock Is About to Go Bust The average analyst price target for eBay is pegged at $45.50. The current analyst consensus recommends investors hold the stock. "This is a retailer. They are not an upstart. But I just think that the eBay file, done," Cramer said. "I want you to stick a fork in it. Stick a fork in eBay. Enough. Enough. Can you just disappoint me forever? At a certain point, I'm just going to take you off my screen." EBay's struggles with high interest rates and a challenging macroeconomic environment are not unique; they do, however, pose a potentially bigger problem as the company struggles to compete with Amazon. Amazon reported revenue of $512 billion in 2022, multiples above eBay's revenue of $10 billion for the year. Related: Jim Cramer has important advice for those worried about a recession Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/retail/jim-cramer-third-quarter-earnings-ebay-retailer)
TheStreet
Jim Cramer says this legacy retail company's stock is 'done'
Shares in this legacy company hit a new 52-week-low in the wake of poor third-quarter results.
Jim Cramer says this legacy retail company's stock is 'done'
Reporting third-quarter results Nov. 7, online retailer eBay EBAY forecasted profit and revenue for the current quarter below Street expectations, citing a pullback in consumer spending amid macroeconomic concerns. "We've observed softening consumer trends to date in Q4, and particular challenges in Europe, suggesting we may see a more muted seasonal uptick over the holidays," CEO Jamie Iannone told investors on the company's earnings call. "We are focused on controlling what we can control, being prudent about our costs and continuing to drive innovation for our customers."Related: Jim Cramer, trusted analysts are raving over one incredible tech stock The company reported a 5% increase in revenue for the quarter to $2.5 billion, about in line with analyst expectations. Adjusted earnings of $1.03 per share, likewise, were in line with Street estimates. EBay said in a statement that it returned more than $780 million to shareholders for the quarter, including $132 million in cash dividends. Shares of eBay plummeted following the report, hitting a fresh 52-week low of $37.17 on Wednesday. The stock is down more than 4%. CNBC's Jim Cramer, noting weak consumer demand and a less-than-optimal free cash flow, said in response to the report that he's "done" with eBay. "There are certain words you see and say: 'Listen, I've got to sell,'" Cramer said, taking note of the company's concern with volume uncertainty and the global economy. "I'd rather be in Costco COST, I'd rather be in Amazon AMZN, I'd rather be in Walmart WMT."Related: Jim Cramer Thinks This Latest Meme Stock Is About to Go Bust The average analyst price target for eBay is pegged at $45.50. The current analyst consensus recommends investors hold the stock. "This is a retailer. They are not an upstart. But I just think that the eBay file, done," Cramer said. "I want you to stick a fork in it. Stick a fork in eBay. Enough. Enough. Can you just disappoint me forever? At a certain point, I'm just going to take you off my screen." EBay's struggles with high interest rates and a challenging macroeconomic environment are not unique; they do, however, pose a potentially bigger problem as the company struggles to compete with Amazon. Amazon reported revenue of $512 billion in 2022, multiples above eBay's revenue of $10 billion for the year. Related: Jim Cramer has important advice for those worried about a recession Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Reporting third-quarter results Nov. 7, online retailer eBay EBAY forecasted profit and revenue for the current quarter below Street expectations, citing a pullback in consumer spending amid macroeconomic concerns. "We've observed softening consumer trends to date in Q4, and particular challenges in Europe, suggesting we may see a more muted seasonal uptick over the holidays," CEO Jamie Iannone told investors on the company's earnings call. "We are focused on controlling what we can control, being prudent about our costs and continuing to drive innovation for our customers."Related: Jim Cramer, trusted analysts are raving over one incredible tech stock The company reported a 5% increase in revenue for the quarter to $2.5 billion, about in line with analyst expectations. Adjusted earnings of $1.03 per share, likewise, were in line with Street estimates. EBay said in a statement that it returned more than $780 million to shareholders for the quarter, including $132 million in cash dividends. Shares of eBay plummeted following the report, hitting a fresh 52-week low of $37.17 on Wednesday. The stock is down more than 4%. CNBC's Jim Cramer, noting weak consumer demand and a less-than-optimal free cash flow, said in response to the report that he's "done" with eBay. "There are certain words you see and say: 'Listen, I've got to sell,'" Cramer said, taking note of the company's concern with volume uncertainty and the global economy. "I'd rather be in Costco COST, I'd rather be in Amazon AMZN, I'd rather be in Walmart WMT."Related: Jim Cramer Thinks This Latest Meme Stock Is About to Go Bust The average analyst price target for eBay is pegged at $45.50. The current analyst consensus recommends investors hold the stock. "This is a retailer. They are not an upstart. But I just think that the eBay file, done," Cramer said. "I want you to stick a fork in it. Stick a fork in eBay. Enough. Enough. Can you just disappoint me forever? At a certain point, I'm just going to take you off my screen." EBay's struggles with high interest rates and a challenging macroeconomic environment are not unique; they do, however, pose a potentially bigger problem as the company struggles to compete with Amazon. Amazon reported revenue of $512 billion in 2022, multiples above eBay's revenue of $10 billion for the year. Related: Jim Cramer has important advice for those worried about a recession Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Jim Cramer says this legacy retail company's stock is 'done'
Shares in this legacy company hit a new 52-week-low in the wake of poor third-quarter results.
*Crime wave: here are the top U.S. cities where shoplifting has jumped*
While retail theft and related crime isn't necessarily a new concept, it's certainly garnered new attention in recent quarters. This is in part because the rate of retail crime has spiked — and few places in the country have been left unscathed. Related: Walmart is about to completely change how you shop (for the better) Many of the largest brick-and-mortar retailers in the U.S., including Walmart WMT, Target TGT, and Dick's Sporting Goods DKS, have expressed concern about the growth of shoplifting and reduced inventory on shelves for purchase. This cuts into store chains' bottom lines and instills fear in honest customers, often forcing them to go elsewhere for common goods or groceries. "Theft is an issue. It’s higher than what it has historically been. We’ve got safety measures, security measures that we’ve put in place by store location," Walmart Chief Executive Doug McMillon said in late 2022. "I think local law enforcement being staffed and being a good partner is part of that equation, and that’s normally how we approach it. If that’s not corrected over time, prices will be higher and/or stores will close." In many areas since then, the problem has only grown. Report sheds light on key areas of shoplifting In early November, the research group Council on Criminal Justice released a report entitled "Shoplifting Trends: What You Need to Know." The report delves deep into regional crime trends and explains how retail theft has shifted since the onset of the covid pandemic. Most of its findings compare and track prepandemic shoplifting and crime levels to postpandemic levels. Target retail stores in New York City have installed locked cases for everyday merchandise due to thefts. Many stores are closing. (Photo by: Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images) UCG/Getty Images "The pandemic, as well as the social-justice protests during the summer of 2020 and other factors, have altered the motives, means, and opportunities to commit crimes," the council writes. It drew on open-data sources from 24 cities across the U.S. — and shared some chilling takeaways. Reported incidents of shoplifting across the 24 cities, for example, increased 16% in the first half of 2023 from the same period in 2019. It's clear that shoplifting is a growing problem. Here's a breakdown of the key areas affected. Biggest increases in shoplifting (from midyear 2019 to midyear 2023): New York: increase in incidents by 64%Los Angeles: increase in incidents by 61%Virginia Beach, Va.: increase in incidents by 44%Dallas: increase in incidents by 20% Biggest decrease in shoplifting (from midyear 2019 to midyear 2023): St. Petersburg, Fla.: decrease in incidents by 78%St. Paul, Minn.: decrease in incidents by 65%Minneapolis: decrease in incidents by 57%St. Louis: decrease in incidents by 48% "Comparing the most recent trends, from the first halves of 2022 and 2023, Los Angeles (109%) and Dallas (73%) experienced the largest increases among the study cities; San Francisco (-35%) and Seattle (-31%) saw the largest decreases," the study found. What's more, the amount of shoplifting incidents that either turned violent or involved some type of assault increased 9% from 2019 to 2021. And while New York, the U.S.'s most populous city, makes up the lion's share of shoplifting incidents and increases, correcting for the outlier presents an interesting picture. "While New York was driving the increase in 2022, the first half of 2023 is a different picture. Compared to the first half of 2022, shoplifting was 17% higher across all study cities in the first half of 2023 and 8% lower in New York," the study finds.
[Read more...](https://www.thestreet.com/retailers/crime-wave-here-are-the-top-u-s-cities-where-shoplifting-has-jumped)
While retail theft and related crime isn't necessarily a new concept, it's certainly garnered new attention in recent quarters. This is in part because the rate of retail crime has spiked — and few places in the country have been left unscathed. Related: Walmart is about to completely change how you shop (for the better) Many of the largest brick-and-mortar retailers in the U.S., including Walmart WMT, Target TGT, and Dick's Sporting Goods DKS, have expressed concern about the growth of shoplifting and reduced inventory on shelves for purchase. This cuts into store chains' bottom lines and instills fear in honest customers, often forcing them to go elsewhere for common goods or groceries. "Theft is an issue. It’s higher than what it has historically been. We’ve got safety measures, security measures that we’ve put in place by store location," Walmart Chief Executive Doug McMillon said in late 2022. "I think local law enforcement being staffed and being a good partner is part of that equation, and that’s normally how we approach it. If that’s not corrected over time, prices will be higher and/or stores will close." In many areas since then, the problem has only grown. Report sheds light on key areas of shoplifting In early November, the research group Council on Criminal Justice released a report entitled "Shoplifting Trends: What You Need to Know." The report delves deep into regional crime trends and explains how retail theft has shifted since the onset of the covid pandemic. Most of its findings compare and track prepandemic shoplifting and crime levels to postpandemic levels. Target retail stores in New York City have installed locked cases for everyday merchandise due to thefts. Many stores are closing. (Photo by: Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images) UCG/Getty Images "The pandemic, as well as the social-justice protests during the summer of 2020 and other factors, have altered the motives, means, and opportunities to commit crimes," the council writes. It drew on open-data sources from 24 cities across the U.S. — and shared some chilling takeaways. Reported incidents of shoplifting across the 24 cities, for example, increased 16% in the first half of 2023 from the same period in 2019. It's clear that shoplifting is a growing problem. Here's a breakdown of the key areas affected. Biggest increases in shoplifting (from midyear 2019 to midyear 2023): New York: increase in incidents by 64%Los Angeles: increase in incidents by 61%Virginia Beach, Va.: increase in incidents by 44%Dallas: increase in incidents by 20% Biggest decrease in shoplifting (from midyear 2019 to midyear 2023): St. Petersburg, Fla.: decrease in incidents by 78%St. Paul, Minn.: decrease in incidents by 65%Minneapolis: decrease in incidents by 57%St. Louis: decrease in incidents by 48% "Comparing the most recent trends, from the first halves of 2022 and 2023, Los Angeles (109%) and Dallas (73%) experienced the largest increases among the study cities; San Francisco (-35%) and Seattle (-31%) saw the largest decreases," the study found. What's more, the amount of shoplifting incidents that either turned violent or involved some type of assault increased 9% from 2019 to 2021. And while New York, the U.S.'s most populous city, makes up the lion's share of shoplifting incidents and increases, correcting for the outlier presents an interesting picture. "While New York was driving the increase in 2022, the first half of 2023 is a different picture. Compared to the first half of 2022, shoplifting was 17% higher across all study cities in the first half of 2023 and 8% lower in New York," the study finds.
[Read more...](https://www.thestreet.com/retailers/crime-wave-here-are-the-top-u-s-cities-where-shoplifting-has-jumped)
TheStreet
Crime wave: here are the top U.S. cities where shoplifting has jumped
A new study examines retail and shoplifting trends -- and some areas have fared far worse than others.
Crime wave: here are the top U.S. cities where shoplifting has jumped
While retail theft and related crime isn't necessarily a new concept, it's certainly garnered new attention in recent quarters. This is in part because the rate of retail crime has spiked — and few places in the country have been left unscathed. Related: Walmart is about to completely change how you shop (for the better) Many of the largest brick-and-mortar retailers in the U.S., including Walmart WMT, Target TGT, and Dick's Sporting Goods DKS, have expressed concern about the growth of shoplifting and reduced inventory on shelves for purchase. This cuts into store chains' bottom lines and instills fear in honest customers, often forcing them to go elsewhere for common goods or groceries. "Theft is an issue. It’s higher than what it has historically been. We’ve got safety measures, security measures that we’ve put in place by store location," Walmart Chief Executive Doug McMillon said in late 2022. "I think local law enforcement being staffed and being a good partner is part of that equation, and that’s normally how we approach it. If that’s not corrected over time, prices will be higher and/or stores will close." In many areas since then, the problem has only grown. Report sheds light on key areas of shoplifting In early November, the research group Council on Criminal Justice released a report entitled "Shoplifting Trends: What You Need to Know." The report delves deep into regional crime trends and explains how retail theft has shifted since the onset of the covid pandemic. Most of its findings compare and track prepandemic shoplifting and crime levels to postpandemic levels. Target retail stores in New York City have installed locked cases for everyday merchandise due to thefts. Many stores are closing. (Photo by: Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images) UCG/Getty Images "The pandemic, as well as the social-justice protests during the summer of 2020 and other factors, have altered the motives, means, and opportunities to commit crimes," the council writes. It drew on open-data sources from 24 cities across the U.S. — and shared some chilling takeaways. Reported incidents of shoplifting across the 24 cities, for example, increased 16% in the first half of 2023 from the same period in 2019. It's clear that shoplifting is a growing problem. Here's a breakdown of the key areas affected. Biggest increases in shoplifting (from midyear 2019 to midyear 2023): New York: increase in incidents by 64%Los Angeles: increase in incidents by 61%Virginia Beach, Va.: increase in incidents by 44%Dallas: increase in incidents by 20% Biggest decrease in shoplifting (from midyear 2019 to midyear 2023): St. Petersburg, Fla.: decrease in incidents by 78%St. Paul, Minn.: decrease in incidents by 65%Minneapolis: decrease in incidents by 57%St. Louis: decrease in incidents by 48% "Comparing the most recent trends, from the first halves of 2022 and 2023, Los Angeles (109%) and Dallas (73%) experienced the largest increases among the study cities; San Francisco (-35%) and Seattle (-31%) saw the largest decreases," the study found. What's more, the amount of shoplifting incidents that either turned violent or involved some type of assault increased 9% from 2019 to 2021. And while New York, the U.S.'s most populous city, makes up the lion's share of shoplifting incidents and increases, correcting for the outlier presents an interesting picture. "While New York was driving the increase in 2022, the first half of 2023 is a different picture. Compared to the first half of 2022, shoplifting was 17% higher across all study cities in the first half of 2023 and 8% lower in New York," the study finds.
Read more...
While retail theft and related crime isn't necessarily a new concept, it's certainly garnered new attention in recent quarters. This is in part because the rate of retail crime has spiked — and few places in the country have been left unscathed. Related: Walmart is about to completely change how you shop (for the better) Many of the largest brick-and-mortar retailers in the U.S., including Walmart WMT, Target TGT, and Dick's Sporting Goods DKS, have expressed concern about the growth of shoplifting and reduced inventory on shelves for purchase. This cuts into store chains' bottom lines and instills fear in honest customers, often forcing them to go elsewhere for common goods or groceries. "Theft is an issue. It’s higher than what it has historically been. We’ve got safety measures, security measures that we’ve put in place by store location," Walmart Chief Executive Doug McMillon said in late 2022. "I think local law enforcement being staffed and being a good partner is part of that equation, and that’s normally how we approach it. If that’s not corrected over time, prices will be higher and/or stores will close." In many areas since then, the problem has only grown. Report sheds light on key areas of shoplifting In early November, the research group Council on Criminal Justice released a report entitled "Shoplifting Trends: What You Need to Know." The report delves deep into regional crime trends and explains how retail theft has shifted since the onset of the covid pandemic. Most of its findings compare and track prepandemic shoplifting and crime levels to postpandemic levels. Target retail stores in New York City have installed locked cases for everyday merchandise due to thefts. Many stores are closing. (Photo by: Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images) UCG/Getty Images "The pandemic, as well as the social-justice protests during the summer of 2020 and other factors, have altered the motives, means, and opportunities to commit crimes," the council writes. It drew on open-data sources from 24 cities across the U.S. — and shared some chilling takeaways. Reported incidents of shoplifting across the 24 cities, for example, increased 16% in the first half of 2023 from the same period in 2019. It's clear that shoplifting is a growing problem. Here's a breakdown of the key areas affected. Biggest increases in shoplifting (from midyear 2019 to midyear 2023): New York: increase in incidents by 64%Los Angeles: increase in incidents by 61%Virginia Beach, Va.: increase in incidents by 44%Dallas: increase in incidents by 20% Biggest decrease in shoplifting (from midyear 2019 to midyear 2023): St. Petersburg, Fla.: decrease in incidents by 78%St. Paul, Minn.: decrease in incidents by 65%Minneapolis: decrease in incidents by 57%St. Louis: decrease in incidents by 48% "Comparing the most recent trends, from the first halves of 2022 and 2023, Los Angeles (109%) and Dallas (73%) experienced the largest increases among the study cities; San Francisco (-35%) and Seattle (-31%) saw the largest decreases," the study found. What's more, the amount of shoplifting incidents that either turned violent or involved some type of assault increased 9% from 2019 to 2021. And while New York, the U.S.'s most populous city, makes up the lion's share of shoplifting incidents and increases, correcting for the outlier presents an interesting picture. "While New York was driving the increase in 2022, the first half of 2023 is a different picture. Compared to the first half of 2022, shoplifting was 17% higher across all study cities in the first half of 2023 and 8% lower in New York," the study finds.
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TheStreet
Crime wave: here are the top U.S. cities where shoplifting has jumped
A new study examines retail and shoplifting trends -- and some areas have fared far worse than others.
*Названы 10 самых распространённых уловок мошенников*
Многие из них уже стали классикой, но есть и неожиданные схемы.
[Read more...](https://lifehacker.ru/samye-rasprostranennye-ulovki-moshennikov/)
Многие из них уже стали классикой, но есть и неожиданные схемы.
[Read more...](https://lifehacker.ru/samye-rasprostranennye-ulovki-moshennikov/)