Author: News Room

The SpringHill Company launched a men’s grooming line inspired by its hit series, “The Shop.”SpringHill Company cofounder Maverick Carter and “The Shop” co-creator Paul Rivera spoke to BI.The Shop grooming collection is available at Walmart starting April 1.  LeBron James and Maverick Carter’s company has launched a men’s grooming collection inspired by “The Shop.”The collection feels like a natural avenue for fans of “The Shop,” an award-winning series that features athletes, celebrities, and thought leaders in a barbershop to discuss everything from pop culture to higher education. The series is the crown jewel of The SpringHill Company, the multimedia brand…

That’s a roughly 20% drop from the previous quarter and down more than 8% from the same time last year. It’s the first time since 2020 that Tesla has seen a year-over-year drop in quarterly deliveries. Tesla shares were down more than 5% following the news and have plummeted nearly 30% over the past year.”Let’s call this as it is: While we were anticipating a bad 1Q, this was an unmitigated disaster 1Q that is hard to explain away,” Wedbush Securities’ analyst Dan Ives wrote. “We view this as a seminal moment in the Tesla story for Musk to either…

By Carolina Mandl NEW YORK (Reuters) – Ken Griffin’s hedge fund Citadel capped the first quarter with a positive performance in all its funds strategies, with the flagship Wellington fund posting gains of 5.75%, according to a source familiar with the matter. Citadel Global Equities was up 6.3% in the quarter, while the firm’s Tactical Trading and Global Fixed Income funds rose 7.6% and 2.05%, respectively. Citadel, which manages $59 billion in assets, declined to comment. Hedge funds are starting to unveil to investors their performances for the first quarter, a period when most stocks indexes rallied, along with a…

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Tesla (NASDAQ:) stock price continued its recent decline on Tuesday after the electric vehicle (EV) company published its first-quarter vehicle production and deliveries report for 2024. Here’s what investors need to know:  Tesla Q1 Sales Report for 2024 The TSLA report revealed deliveries fell 8.5% from the year-ago quarter and approximately 20% from the fourth quarter representing the first year-over-year decline since the second quarter of 2020. The Elon Musk-led company reported total first-quarter deliveries of 386,810, while total first-quarter production was 433,371. Vehicle production fell around 1.7% year over year. Reacting to the report, analysts at Oppenheimer said TSLA…

Elon Musk’s social media platform X on Tuesday announced it’s hiring a new head of safety as it faces ongoing scrutiny over the spread of hateful speech, conspiracy theories and other controversial content on the platform. Kylie McRoberts — a nearly four-year veteran of the company formerly known as Twitter — will oversee the company’s global safety team and work to build out a new safety hub in Austin, Texas, that CEO Linda Yaccarino announced in January. McRoberts’ elevation to the role comes more than a year after the company’s former safety leader, Yoel Roth, who oversaw what was then called…

Tuesday’s highlight was the US Bureau of Labor Statistics reporting on strong JOLTs Job Openings figures for February. Markets await additional data to guide easing cycle expectations, widely expected to commence in June.  Events on the horizon this week include Nonfarm Payrolls, Average Hourly Earnings, and Unemployment rate. The US Dollar Index (DXY) trades at 104.95 with mild losses. The Federal Reserve (Fed) and economic data are giving signals of a solid US economy, which made markets back off on being fully confident of a June rate cut. Labor data this week will continue modeling those expectations. The US economy…

Powerloom, a pioneering composable data network facilitating protocols to index and query blockchain data in a decentralized fashion, has announced its expansion to the Base ecosystem. This strategic move coincides with the company’s celebration of surpassing 5,200 Snapshotter Lite nodes, underscoring its dedication to delivering actionable onchain data across both Layer-1 (L1) and Layer-2 (L2) networks. Powerloom’s integration with Base, an Ethereum Layer-2 scaling solution incubated by Coinbase, signifies a groundbreaking opportunity for Base users. It introduces the capability to mint a data node, presenting a unique avenue for users to contribute to and gain from onchain data. Powerloom’s one-click…

Bitcoin fell for a second day to start the new month and quarter, amid rising Treasury yields and strength in the U.S. dollar.The flagship cryptocurrency fell more than 6% on Tuesday to $65,150.00, bringing its two-day loss to about 7%, according to Coin Metrics. On Monday morning, it was trading at about $70,000, before data came out showing growth in the manufacturing sector for the first time since September 2022 and investor bets on June rate cuts began to cool. Bitcoin is now off its all-time high, reached on March 14, by about 11%.Ether went down with it, losing 6% to…

Check out the companies making headlines in midday trading. Tesla — Tesla shares sank more than 6% after the electric vehicle maker reported an 8.5% year-over-year decline in deliveries in the first quarter. GE Vernova — Shares jumped more than 3% after GE Vernova started trading on the New York Stock Exchange on Tuesday under the ticker “GEV,” following its spinoff from General Electric. Shares of GE Aerospace , which was formerly General Electric and is keeping the “GE” ticker symbol, gained roughly 1%. ChampionX — Shares of the oilfield equipment maker jumped more than 8% after it agreed to…