Latest news with #Jacobson
Business Insider
8 hours ago
- Entertainment
- Business Insider
The creators of 'Broad City' said they had to set boundaries around being friends at work
Abbi Jacobson and Ilana Glazer spent five years working together as co-creators and costars on "Broad City." But offscreen, keeping their friendship alive meant setting some boundaries. During an interview on the " Good Hang with Amy Poehler" podcast published on Tuesday, Jacobson and Glazer spoke about working together on their hit show and how they've maintained their friendship through the years. "Broad City" aired on Comedy Central from 2014 to 2019. "As incredible as it was to make 'Broad City,' we would always make sure to have a little time up top to connect and catch up, even if it was just from 12 hours ago," Glazer told podcast host Amy Poehler. Glazer likened it to an "after-school club," where they spent 45 minutes talking before they focused on their work tasks. But unlike during their years as colleagues, spending time with each other now feels more intentional and emotionally fulfilling, she said. "But at the time it was very much slotted in to catch up, and things would always make their way into the comedy, which is cool, but it's not the same as it being its own, just for the sake of its own beauty, you know?" Glazer said. Moreover, staying in sync with each other's lives was essential to their work at the time, Jacobson added. "We knew that it's so derived from us, so we had to kind of like catch up and be like, 'OK, write that down for this thing,'" Jacobson told Poehler. As a result of spending so much time together for work, the two of them made sure to give each other space whenever possible. "Well, we didn't, like, hang out. I think when we were doing it, we would be like 'See you on Monday,'" Jacobson said. "We weren't like hanging out as friends during 'Broad City.' We couldn't," Glazer added. But it wasn't as if they weren't speaking to each other on the weekends, Jacobson said: "It was just like, after 12, 14 hours of Monday through Friday, we were like, 'Let's not do dinner on Saturday.'" Having friends at work is good for business. Studies have long shown that it can improve productivity, engagement, and employee retention. However, the rise of remote work has threatened work friendships. With fewer in-person interactions, it has become harder for people to form stronger connections with their colleagues. At the same time, maintaining boundaries at work can be tricky. There are risks to bringing your whole selves to work and intertwining personal and professional relationships. In particular, saying no can feel personal when work and friendship overlap. "Work is about getting certain things done by using your skills and your intelligence and your network, and so whatever you do there creates an aura," Hakan Ozcelik, a professor of management at the College of Business Administration at Sacramento State University, told Business Insider previously. "And then if you are connected to that environment, that's great. You are not a lonely employee. But that doesn't mean that there are people there who love you," Ozcelik added.
CNBC
20 hours ago
- Automotive
- CNBC
GM says EVs are its 'North Star' as legacy automaker chases Tesla
The Chevrolet display is seen at the New York International Auto Show on April 16, 2025. While Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position and believes it has an "inherent advantage" when it comes to EVs. Executives on GM's quarterly earnings call on Tuesday said the company is focused on reaching and improving profitability for its EVs. When asked on the call about how GM aims to do that when Tesla is facing the same uphill climb, GM CFO Paul Jacobson said the company's advantage lies in the diversity of its lineup across gas and electric vehicles, as EV demand fluctuates. "A lot is made about Tesla's simplicity and their scale," Jacobson said. "And clearly, within a couple of narrow segments, they do have that, and they've realized some good advantages. And hats off to them. It also leaves them overexposed to a demand set that has been highly volatile." GM currently has 12 EVs in its lineup, while Tesla has five models. Tesla does not break out sales by model, but lumps them together in groups. Jacobson's comments come as automakers are faced with changing demand for EVs, heightened by President Donald Trump's new tax-and-spending bill, which is set to end the $7,500 tax credit for new electric vehicles and $4,000 credit for used EVs after Sept. 30. Sales of new EVs in the second quarter of 2025 were down 6.3% year over year, which marks only the third decline on record, according to the auto industry forecaster Cox Automotive. Those sales amounted to a 4.9% uptick from the first quarter of 2025, according to Cox Automotive, which Cox Senior Analyst Stephanie Valdez said may represent the start of a rush to buy EVs before the tax credit ends. Valdez predicted there will be record new EV sales in the third quarter of 2025, followed by a collapse in the fourth quarter as the EV market adjusts to its "new reality" without EV tax credits. GM CEO Mary Barra acknowledged that EV growth has been slower than expected, but said on the earnings call Tuesday that "we believe the long-term future is profitable electric vehicle production, and this continues to be our North Star." Amid this fluctuating demand, a July 17 Barclays note said Tesla's demand and fundamentals remain weak, while its autonomous vehicle and robotaxi narratives have been front and center. In the second quarter, Tesla reported around 384,000 vehicle deliveries, a 14% year-over-year decline and its second straight quarterly decrease. Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company's shareholder communications. But Tesla is still the vast EV leader by far. GM's electric vehicle sales totaled 46,300 for the quarter, more than double the 21,900 a year ago. That's a relatively small portion of the Detroit automaker's total vehicle sales in the second quarter of 974,000. Cox Automotive noted that GM's 78,000 EVs in the first half of 2025 amount to more than twice the volume posted in 2024. Jacobson said on Tuesday's call that GM is prepared for changing EV demand because it has built flexibility into its manufacturing plants by investing in both EVs and internal combustion engine cars. "That built-in flexibility for us to switch between EV and ICE and make sure that we meet customers where they are is an inherent advantage that we have because we can absorb some of the costs of that manufacturing facility with more ICE production if EV demand goes down," Jacobson said. He highlighted GM's new investments in its Spring Hill plant in Tennessee and Fairfax plant in Kansas as an example of this diversification. GM announced last month that it was investing $4 billion in several American plants and is set to increase U.S. production of both gas and electric vehicles. GM said on Tuesday that Chevrolet holds the No. 2 spot and Cadillac sits at No. 5 in EV brand rankings. — CNBC's Lora Kolodny contributed to this report.
Mint
a day ago
- Automotive
- Mint
General Motors Q2 Results: Automaker's net profit drops 35%, revenue falls to $47.12 billion
General Motors' profit declined 35% in its second-quarter, including a $1.1 billion hit from tariffs, but the automaker easily topped expectations and stuck by its full-year financial outlook that it lowered in May. GM CEO Mary Barra also said in a letter to shareholders on Tuesday that the automaker is attempting to 'greatly reduce our tariff exposure,' citing $4 billion of new investment in its U.S. assembly plants. "In addition to our strong underlying operating performance, we are positioning the business for a profitable, long-term future as we adapt to new trade and tax policies, and a rapidly evolving tech landscape," she said. Barra said during GM's conference call that the automaker expects to build more than 2 million vehicles in the U.S. each year as it scales production. GM said that it's making solid progress in mitigating at least 30% of the $4 billion to $5 billion gross tariff impact it anticipates for the year through manufacturing adjustments, targeted cost initiatives and with pricing. The company expects the impact from the Trump administration's tariffs to take a bigger toll in the third quarter because of indirect costs related to the duties. Chief Financial Officer Paul Jacobson remained optimistic, however. 'Over time, we remain confident that our total tariff expense will come down as bilateral trade deals emerge and our sourcing and production adjustments are implemented,' he said. For the three months ended June 30, GM earned $1.89 billion, or $1.91 per share. A year earlier the company earned $2.93 billion, or $2.55 per share. Stripping out certain items, earnings were $2.53 per share. That handily beat the $2.34 per share analysts polled by FactSet were calling for. Revenue declined to $47.12 billion from $47.97 billion, but still topped Wall Street's estimate of $45.84 billion. Jacobson said that GM dealt with higher warranty expenses during the quarter, which was partly due to increase warranty claims from software issues on some of its early EV launches. Jacobson said GM provided extended warranties as needed and is working to improve supplier quality. Shares fell nearly 2% before the opening bell on Tuesday. EV sales totaled 46,300 in the second quarter, up from 31,900 in the first quarter. Yet overall in the U.S. EV sales growth has begun to slow. The $7,500 EV tax credit under the Inflation Reduction Act is set to expire in September for many models. 'Despite slower EV industry growth, we believe the long-term future is profitable electric vehicle production, and this continues to be our north star,' she wrote. 'As we adjust to changing demand, we will prioritize our customers, brands, and a flexible manufacturing footprint, and leverage our domestic battery investments and other profit-improvement plans.' Wedbush analyst Dan Ives believes Barra is doing a good job dealing with the issues the auto industry is facing. 'While the tariff headlines continue to put further pressure on the bottom line for the foreseeable future, we believe Barra & Co. continues to impressively navigate the complex backdrop successfully while seeing continued high demand for its entire fleet of EVs and (internal combustion engine) vehicles,' he wrote in a client note. GM maintained its full-year financial forecast. In May General Motors lowered its profit expectations for the year as the carmaker braced for a potential impact from auto tariffs as high as $5 billion in 2025. The Detroit automaker said at the time that it anticipated full-year adjusted earnings before interest and taxes in a range of $10 billion to $12.5 billion. The guidance includes a current tariff exposure of $4 billion to $5 billion. A month later GM announced plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants. The company said at the time that the investment would be made over the next two years and was for its gas and electric vehicles. President Donald Trump signed executive orders in April to relax some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide. Trump portrayed the changes as a bridge toward automakers moving more production into the United States. The tariffs ordered by Trump are hitting the entire auto sector, which sends vehicles and parts across the northern and southern borders of the U.S. repeatedly as they are assembled. The Center for Automative Research says that a uniform 25% tariff on all trading partners would have an increased cost of $107.7 billion to all U.S. automakers and an increased cost of $41.9 billion for the Big Three automakers in Detroit, Stellantis, GM and Ford. GM reported its financial results a day after Jeep maker Stellantis said that its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. Stellantis will release its financial results for the first half of the year on July 29. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Washington Post
a day ago
- Automotive
- Washington Post
GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May
General Motors' profit declined 35% in its second-quarter, including a $1.1 billion hit from tariffs, but the automaker easily topped expectations and stuck by its full-year financial outlook that it lowered in May . GM CEO Mary Barra also said in a letter to shareholders on Tuesday that the automaker is attempting to 'greatly reduce our tariff exposure,' citing $4 billion of new investment in its U.S. assembly plants. 'In addition to our strong underlying operating performance, we are positioning the business for a profitable, long-term future as we adapt to new trade and tax policies, and a rapidly evolving tech landscape,' she said. Barra said during GM's conference call that the automaker expects to build more than 2 million vehicles in the U.S. each year as it scales production. GM said that it's making solid progress in mitigating at least 30% of the $4 billion to $5 billion gross tariff impact it anticipates for the year through manufacturing adjustments, targeted cost initiatives and with pricing. The company expects the impact from the Trump administration's tariffs to take a bigger toll in the third quarter because of indirect costs related to the duties. Chief Financial Officer Paul Jacobson remained optimistic, however. 'Over time, we remain confident that our total tariff expense will come down as bilateral trade deals emerge and our sourcing and production adjustments are implemented,' he said. For the three months ended June 30, GM earned $1.89 billion, or $1.91 per share. A year earlier the company earned $2.93 billion, or $2.55 per share. Stripping out certain items, earnings were $2.53 per share. That handily beat the $2.34 per share analysts polled by FactSet were calling for. Revenue declined to $47.12 billion from $47.97 billion, but still topped Wall Street's estimate of $45.84 billion. Jacobson said that GM dealt with higher warranty expenses during the quarter, which was partly due to increase warranty claims from software issues on some of its early EV launches. Jacobson said GM provided extended warranties as needed and is working to improve supplier quality. Shares fell nearly 2% before the opening bell on Tuesday. EV sales totaled 46,300 in the second quarter, up from 31,900 in the first quarter. Yet overall in the U.S. EV sales growth has begun to slow. The $7,500 EV tax credit under the Inflation Reduction Act is set to expire in September for many models. 'Despite slower EV industry growth, we believe the long-term future is profitable electric vehicle production, and this continues to be our north star,' she wrote. 'As we adjust to changing demand, we will prioritize our customers, brands, and a flexible manufacturing footprint, and leverage our domestic battery investments and other profit-improvement plans.' Wedbush analyst Dan Ives believes Barra is doing a good job dealing with the issues the auto industry is facing. 'While the tariff headlines continue to put further pressure on the bottom line for the foreseeable future, we believe Barra & Co. continues to impressively navigate the complex backdrop successfully while seeing continued high demand for its entire fleet of EVs and (internal combustion engine) vehicles,' he wrote in a client note. GM maintained its full-year financial forecast. In May General Motors lowered its profit expectations for the year as the carmaker braced for a potential impact from auto tariffs as high as $5 billion in 2025. The Detroit automaker said at the time that it anticipated full-year adjusted earnings before interest and taxes in a range of $10 billion to $12.5 billion. The guidance includes a current tariff exposure of $4 billion to $5 billion. A month later GM announced plans to invest $4 billion to shift some production from Mexico to U.S. manufacturing plants. The company said at the time that the investment would be made over the next two years and was for its gas and electric vehicles. President Donald Trump signed executive orders in April to relax some of his 25% tariffs on automobiles and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide. Trump portrayed the changes as a bridge toward automakers moving more production into the United States. The tariffs ordered by Trump are hitting the entire auto sector, which sends vehicles and parts across the northern and southern borders of the U.S. repeatedly as they are assembled. The Center for Automative Research says that a uniform 25% tariff on all trading partners would have an increased cost of $107.7 billion to all U.S. automakers and an increased cost of $41.9 billion for the Big Three automakers in Detroit, Stellantis, GM and Ford. GM reported its financial results a day after Jeep maker Stellantis said that its preliminary estimates show a 2.3 billion euros ($2.68 billion) net loss in the first half of the year due to U.S. tariffs and some hefty charges. Stellantis will release its financial results for the first half of the year on July 29.
1News
4 days ago
- Sport
- 1News
All Blacks show resolve among the rust to sweep French series 3-0
A night in Hamilton which started uncomfortably for the All Blacks, with loose forward Luke Jacobson ruled out before kick-off, finished in a not entirely stress-free victory for the home side as they swept France 3-0 in the series. It could be tempting to say that Jacobson's injury in the warm-up was a sign of things to come, but the signs were probably there from the time the team was announced. Putting it politely, this was an All Blacks' C team against a French team of similar standard and while both played with desire and passion – and the French defended extremely well at times – there was plenty of loose stuff as both sides struggled for cohesion. Jacobson's failure to complete the warm-up brought Du'Plessi Kirifi into the No.7 jersey and Christian Lio-Willie on to the bench, with Kirifi scoring one of the All Blacks' four tries in the 29-19 victory at Waikato Stadium. The result suggests that Scott Robertson's decision to change completely his 23 after the second Test win in Wellington was a success, but this was an untested and in some cases inexperienced line-up which battled for control and penetration on attack and in the end wore down the opposition at the end of a long season for them. ADVERTISEMENT The All Blacks huffed and puffed but could not put away the French until very late in the piece after turning at halftime with a 17-19 deficit. Du'Plessis Kirifi celebrates his first Test try. (Source: Photosport) Four times they were held up over the line, with Samipeni Finau, Ethan de Groot, Dalton Papali'i and Ardie Savea all crossing but failing to score. France halfback Nolann Le Garrec continued the early downbeat vibe for the home side with a dart down the blindside to score the game's first try, the visitors going out to a 10-nil lead thanks to another intervention from the No.9 as the All Blacks fluffed lineouts, failed to clean out rucks, pushed passes, the list goes on. Bottom line - they were failing in the fundamentals, but if there is one player they can count on to get them across the line it is Will Jordan, the man brought into the starting XV – and right wing – only due to an injury on the eve of the match for Rieko Ioane. Credit must go firstly for Cortez Ratima's vision – the little halfback spotting that the French were awol at the back and putting in a perfectly weighted kick for the relentless Jordan to score yet another Test try. That's No.42 in 44 Tests. Neither side had a lot of success with their kicking strategy, but the All Blacks enjoyed the bulk of the territory and, indeed, were held up twice over the line in the first half through Finau and then de Groot. ADVERTISEMENT The French appeared on the brink of cracking, though, and the All Blacks duly broke through after the halftime hooter via centre Anton Lienert-Brown, who showed great strength to get across the line after being tackled short of it. It was a hugely important moment in the match, with Kirifi's maiden Test try after the break helping the All Blacks into a lead they never relinquished – the loose forward on hand for the loose ball after Damian McKenzie's kick through and Lienert-Brown's pressure. Still the mistakes came, debutant Brodie McAlister struggling with his lineout throwing and Savea getting the All Blacks out of jail with a penalty turnover on his own line. With 13 minutes to go, McKenzie's decision to kick for the corner rather than attempt to add an almost guaranteed three points raised eyebrows, but it almost paid off, Papali'i going close but ruled out by the television match official. The game wasn't made safe until extremely late – Jordie Barrett on as a replacement and running tough lines throughout, making the break to put McAlister in by the posts for a popular try. It took resolve and a whole lot of effort, but the All Blacks will almost certainly be better off for this victory which would have taught Robertson and company an awful lot. All Blacks 29 (Will Jordan, Anton Lienert-Brown, Du'Plessis Kirifi, Brodie McAlister tries; Damian McKenzie 3 cons, pen) France 19 (Nolann Le Garrec try, con, 3 pens; Antoine Hastoy dropped goal) Halftime: France 19-17
