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The Latest Breaking News from Dan Ives

Threat of US ban surges after TikTok lambasted in Congress

Washington (AFP) - A US ban of Chinese-owned TikTok, the country's most popular social media for young people, seems increasingly inevitable a day after the brutal grilling of its CEO by Washington lawmakers from across the political divide.

AFP

Things to know about TikTok CEO Shou Zi Chew

TikTok's CEO was relatively unknown to the U.S. public before Thursday, when he testified before a congressional committee concerned about data protections on the popular video-sharing app

The Independent UK

The SVB collapse 'contagion effect' will make it harder for startups, and more banks may fall

The SVB collapse didn't just leave the banking sector in disarray; technology startups are bracing for a harder time, and there are fears the global economy is at risk of recession.

ABC News

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Wineries to affordable housing: SVB fall knocks out more than startups

Demise of Silicon Valley Bank has rattled not just businesses and investors but the ecosystem that grew up around it

The Guardian - US

FDIC official warned 4 years ago that uninsured regional bank deposits were an ‘underappreciated risk.’ No one listened, and we’re now paying the price

Regional banks “pose very significant challenges” for regulators, an FDIC board member wrote in 2019, long before Silicon Valley Bank’s failure.

Fortune

Dow Jones Loses Key Level Ahead Of Payroll Numbers; Microsoft Bing Hits 100 Mil. Users

Dow Jones fell below its 200-day line after surprise jobless claims on Thursday. Microsoft's AI-powered Bing hit 100 million daily active users.

Investors Business Daily

Why 'moonshot' projects are getting cut—along with the workers who leapt to help get them off the ground

"The clock struck midnight for hypergrowth in Big Tech,” Wedbush analyst Dan Ives says.

Fortune

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Tesla Stock Slumps 6% After Disappointing Investor Day

Shares of Tesla declined for a second consecutive day after investors were disappointed by the lack of details from investor day.

The Street

Elon Musk's Insanely Long Tesla Investor Day Splits Analysts Into Two Camps

Concerns that Tesla cannot ramp up enough sales of its vehicles compete with other more hopeful long-term views.

The Street

Marc Benioff’s pivot to layoffs and austerity has analysts singing his praises and celebrating a ‘masterpiece’ quarter from Salesforce

Salesforce “delivered a monster quarter and guide for the ages that will silence the doubters this morning,” analyst Dan Ives wrote in Thursday research note.

Fortune

Elon Musk To Deliver Third Tesla 'Master Plan' At Austin Investor Day As EV Rivals Close Gap

Elon Musk has a mixed record on long-term promises, but his vision remains crucial for the global EV market.

The Street

Musk to update vision for Tesla at investor day

New York (AFP) - Elon Musk will aim to quiet any doubts about Tesla's standing in the electric car race on Wednesday when the serial entrepreneur convenes an investor day.

AFP

Microsoft and Google are in a ‘Game of Thrones’ battle over A.I., Wedbush’s Dan Ives says

Tech companies are racing to figure out how to implement A.I. in their products, and it’s not just about search engines.

Fortune

It’s not just Disney: Hollywood slashes jobs as streaming bubble pops

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

Los Angeles Times

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Fortune

Microsoft CEO Satya Nadella says he hopes Google is ready to compete when it comes to A.I. search: ‘I want people to know that we made them dance’

Satya Nadella is well aware of the challenge lying ahead as he looks to upset Google’s search engine dominance.

The Street

Salesforce Stock Gains As Third Point Adds Name To Long Activist Investor List

"Activism is clearly now circling the Salesforce name in droves ... creating a 'perfect storm' for CEO Marc Benioff," said Wedbush analyst Dan Ives.

Tribune News Service

Tesla launched an EV price war. How Ford is firing back

In January, Tesla Inc. launched the opening salvo in what experts have described as an EV price war when it slashed its pricing by as much as 20%.

The Street

Elon Musk Regrets Selling Too Many Tesla Shares

The CEO of Tesla had to sell shares of the electric vehicle maker several times last year to acquire Twitter.

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The Street

Apple Stock Turns Higher As iPhone Outlook Offsets Rare Earnings Miss From China Disruptions

China's Covid disruptions "significantly impacted the supply of iPhone 14 Pro and iPhone 14 Pro Max and lasted through most of December," said Apple CEO Tim Cook.

Fortune

The EV wars are here and it's 'now or never' for major players like Ford and GM to gain ground against Tesla, according to Wedbush analyst Dan Ives

“There is a window of opportunity to gain share...and 2023 is a pivotal year that will establish the winners and losers in this EV landscape,” Wedbush tech analyst Dan Ives says amid the industry's price cuts.

The Street

Tech Stocks, on Best Run Since 2001, Face Stern Test With Megacap Earnings on Deck

"Tech stocks have fallen pretty far down on the list of concerns (and the price action) is telling us something,” said Bank of America strategists ahead of a key week for mega cap earnings.

The Street

Tesla Earnings Preview: Margins In Focus As Musk Bets Price Cuts Will Stoke Demand

"The upcoming call and guidance commentary (will be) one of the most important moments in the history of Tesla and for Elon Musk himself," said Wedbush analyst Dan Ives.

Fortune

An NYU economics professor says that Elon Musk has an 'amazingly fraught relationship with Wall Street' and warns that Tesla faces several risks

Joseph Foudy, an economics professor at New York University’s Stern School of Business, warns Twitter has been a distraction for Elon Musk, and rising EV competition could hurt Tesla's sales growth.

Asharq Al-Awsat

Microsoft to Cut Staff Again

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson…

AFP

Microsoft to cut staff again: reports

San Francisco (AFP) - Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday.

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