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Wedbush cuts its Tesla price target as it says the EV maker has had a 'nightmare' first quarter and investors are losing patience

Getty Images Tesla's first quarter of 2024 has been a "nightmare," Wedbush said.  The firm pointed to weak demand in China and ongoing concerns about Elon Musk's leadership.  The firm slashed its price target for the EV maker from $315 to $300 a share.  Wedbush slashed its price target for Tesla stock, warning of a difficult period ahead for the...

Thu Mar 28, 2024 16:59
If you're in a life rut, you may need a friendship reshuffle. Here's how to do it.

Henrik Sorensen/Getty ImagesIt's normal to change how close you feel to friends at different points in your life.A psychologist shared why a friendship reshuffle can be better than breaking up or quiet-quitting.A reshuffle keeps a friend in your life, while allowing you to branch out and focus on new people.If a friend or friend group annoys you lately,...

Thu Mar 28, 2024 16:59
You're probably throwing out perfectly good food because 'sell by' and 'best before' dates mean nothing. Retailers like Amazon are backing a bill that could change that.

Households are responsible for the majority of food waste.abalcazar/Getty ImagesNearly 60 types of date labels appear on food and drinks in US stores.The confusion leads to the average family of four losing about $1,500 a year to uneaten food. Retailers like Amazon support a bill that would require two labels: "best if used by" and "use by."Before tossing...

Thu Mar 28, 2024 16:59
It's sentencing day for Sam Bankman-Fried

Sam Bankman-Fried.Chelsea Jia Feng/Insider.This post originally appeared in the Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Hi! We've got a new photo of a supermassive black hole that also provides some clues about one of the most mysterious parts of our galaxy.In today's big story, disgraced crypto executive...

Thu Mar 28, 2024 16:59
The Fed's rate-cut projections are pointing to an imminent recession, economist says

Yuichiro Chino/Getty Images The Fed's interest rate forecasts signal an imminent recession, economist David Rosenberg says. In previous soft landings, the Fed usually cut rates by 75 basis points, but they're forecasting a 150 basis-point reduction by 2025. Stock investors are eagerly awaiting the central bank's pivot to looser monetary policy. ...

Thu Mar 28, 2024 16:59
Homebuyers need to earn 87% more than in pre-COVID years to afford a starter home, Redfin says

PM Images/Getty Images US income earners must make $75,849 to afford a starter home, Redfin reported. That's an 87% jump from the how much a buyer needed to earn pre-COVID, in 2020. Affordability is starting to improve, as mortgage rates are slowly sliding this year. US starter homes are now roughly half as affordable as in 2020, as buyers must...

Thu Mar 28, 2024 16:59

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