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Harlem rallies to close smoke shop where fatal shooting occurred

Members of the Harlem community gathered on Tuesday evening to demand that the smoke shop where a gruesome execution-style shooting occurred be closed.

HARLEM – The NYPD has arrested a man in connection with two separate murders over the Easter weekend in Harlem.

According to police, Messiah Nantwi, 21, is charged with two counts of murder, along with one count of criminal possession of a weapon.

Nantwi is allegedly the gunman seen in a shocking video shooting another man in the head inside a smoke shop at 125th Street and Malcolm X Boulevard on Sunday evening.

In the video, police say Nantwi can be seen pulling out a gun and shooting the victim, 36-year-old Brandon Brunson in the head, before shooting him in the head again while he is lying on the ground. 

A still from a surveillance video allegedly showing Messiah Nantwi shooting and killing Brandon Brunson.

Nantwi was also wanted in connection to an earlier incident on Saturday around 4:40 p.m. when police said Jaylen Duncan, 19, was shot in the head near Madison Avenue and E. 132nd St. He was taken to Harlem Hospital, where he was pronounced dead.

On Tuesday, Harlem's residents gathered outside the smoke shop where Bunsen was killed to demand that it be shut down.

"You never know when the next shooting is going to occur, and that's no way for any community to live and operate," said Shatic Mitchell, District Manager of Community Boar 10.

"The only thing this place has brought is violence. It brings opportunity for death, it brings opportunity for proliferation of drugs, and situations like this where it brings that level of negativity. It can't exist here," said Lermond Mayes, Chief of Staff to Assembly Member Inez Dickens.

The arrest for the two murders came amid a violent weekend, where five murders in total took place in the span of less than 42 hours across three New York City boroughs. Sunday afternoon (Coney Island) Around 2:12 p.m., police said Kristian Vargas, 23, of Brooklyn, was stabbed in the torso at the intersection of West 23 Street and Mermaid Avenue in Coney Island. Vargas was transported to NYU Langone Hospital Brooklyn, where he was pronounced dead.

Coney Island fatal stabbing. (Citizen App) Saturday afternoon (Brooklyn)

“Hes a great person. I consider him like a grandfather.” Victor Santiago Police said Ramon Cintron, 83, was found stabbed to death around 2:20 p.m. inside an apartment in Wyckoff Garden, a NYCHA complex in Boerum Hill. Police shared a poster of a man identified as Joevani Vale,who they believe may be connected to the attack.

"He’s a great person," Victor Santiago, the manager of a nearby grocery store where he bought scratch-off tickets, said of Cintron. "I consider him like a grandfather." Saturday morning (Queens) Police found Jevaughn Jeminson, 23, of Florida, shot multiple times in the torso just after 2 a.m. near Selover Road and Merrick Boulevard in Saint Albans. He was transported to Jamaica Hospital Medical Center, where he was pronounced dead.

Police have not made any arrests in the three other murders.

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Business

Tesla looks to cheaper model as revenue suffers worst drop in over a decade

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Tesla looks to cheaper model as revenue suffers worst drop in over a decade

Tesla has started limited production on a cheaper model in a bid to boost sluggish demand after revealing its worst slump in quarterly sales for over a decade.

The electric carmaker, effectively run part-time by founder and CEO Elon Musk for much of this year after his now-defunct spell at the heart of Donald Trump’s government, reported a 12% drop in revenues over the second quarter of the year.

Its update showed a total of $22.5bn, despite aggressive discounting and low-cost financing put in place to help shield Tesla from many headwinds.

They include strong competition from cheaper electric vehicles and a backlash against Musk’s former political alignment with the president.

Sales and profits came in lower than analysts had predicted.

Tesla said it was looking to ramp up production of the more affordable model during the second half of this year.

It gave no further details but it is a nod to investor concerns that the appeal of Tesla’s range is restricted when compared to that of competitors.

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The results were the first for shareholders to digest since the so-called bromance between Mr Musk and Donald Trump ended acrimoniously in June.

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Tesla’s shares remain almost 18% down over the year to date – lagging a recovery among rivals – and were flat in extended trading.

The drag can mainly be explained by the 2025 sales slowdown, Tesla’s particular exposure to the president’s trade war and the often violent backlash against Musk’s former role in the Trump administration which enacted big cuts to federal government spending.

Globally, customers have been put off by interference by Musk in national elections, particularly in Germany, and stiff competition from cheaper alternatives to Tesla’s electric car ranges.

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Tesla the target of protests around the world

While his departure from Washington allowed the tech tycoon to focus more on his vast business ventures, his beef with the president over the cost of the Big Beautiful tax and spending Bill has left Tesla exposed to retaliation from the White House.

Recent analysis by Sky News showed the extent to which the company’s profitability is threatened through the potential loss of billions of dollars in government subsidies – a sanction threatened by the president.

The latest set of results showed a steady income from these so-called regulatory credits, amounting to $435m between April and June. That was down from the $458m reported for the same period last year.

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Could Trump cost Tesla billions?.

Tesla had revealed earlier this month that production and deliveries covering the quarter were below expectations.

A total of 384,122 Teslas were delivered in the period, a 13.5% fall on the same period last year.

It marked the second consecutive quarterly sales decline and were not helped by the changeover to the refreshed Model Y.

Read more:
Tesla shares sink as Musk launches political party
Tesla deliveries miss target again

One other thing investors were eagerly awaiting news on was the supervised self-driving Robotaxi trial – launched last month in Texas.

Videos have since suggested some evident driving mistakes.

Musk has previously said the service would soon reach the San Francisco Bay Area, depending on regulatory approvals, and no update was given on whether papers had yet been filed.

Bloomberg News reported earlier on Wednesday that the company was in talks about operating a Robotaxi service in Nevada.

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Technology

IBM shares drop despite earnings beat

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IBM shares drop despite earnings beat

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.

Stefan Wermuth | Bloomberg | Getty Images

IBM shares fell as much as 5% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections.

Here’s how the company did in comparison with LSEG consensus:

  • Earnings per share: $2.80 adjusted vs. $2.64 expected
  • Revenue: $16.98 billion vs. $16.59 billion

IBM’s revenue increased nearly 8% year over year in the quarter, according to a statement. Growth in the first quarter was below 1%. Net income, which includes costs related to acquisitions, rose to $2.19 billion, or $2.31 per share, from $1.83 billion, or $1.96 per share, a year ago.

Software revenue climbed about 10% to $7.39 billion, exceeding the $7.43 billion consensus among analysts surveyed by StreetAccount. Hybrid cloud revenue, including Red Hat, showed 16% growth. The software unit’s gross margin of 83.9% was barely narrower than StreetAccount’s 84.0% consensus.

Revenue from consulting rose almost 3% to $5.31 billion, higher than StreetAccount’s $5.16 billion consensus. Infrastructure revenue went up 14% to $4.14 billion, above the $3.75 billion StreetAccount average estimate.

During the quarter, IBM announced the next-generation z17 mainframe computer and the acquisition of data and artificial intelligence consulting firm Hakkoda.

IBM called for over $13.5 billion in 2025 free cash flow, similar to a projection from April. The company still sees at least 5% revenue growth at constant currency for the year.

As of Wednesday’s close, IBM shares were up 28% so far in 2025, while the S&P 500 index has gained around 8% in the same period.

Executives will discuss the results with analysts on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

WATCH: Cramer’s Stop Trading: IBM

Cramer's Stop Trading: IBM

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Tesla (TSLA) releases Q2 2025 financing results: earnings down 23%

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Tesla (TSLA) releases Q2 2025 financing results: earnings down 23%

Tesla (TSLA) released its financial results and shareholders’ letter for the second quarter (Q2) 2025 after market close today.

We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.

Tesla Q2 2025 earnings expectations

As we reported in our Tesla Q2 2025 earnings preview yesterday, the Wall Street consensus for this quarter was $22.279 billion in revenue and earnings of $0.40 per share.

The expectations had been significantly downgraded over the last month, as analysts were surprised by Tesla’s announcement of much lower deliveries than expected in the first quarter.

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How did Tesla do compared to expectations?

Tesla Q2 2025 financial results

After the market closed today, Tesla released its financial results for the first quarter and confirmed that it delivered on expectations with earnings of $0.40 per share (non-GAAP), and it exceeded revenue expectations with $22.496 billion during the last quarter.

Tesla’s earnings per share are down 23% year-over-year amid a booming EV market.

Operating income decreased 42% year-over-year to now less than $1 billion, and almost half of it came from regulatory credits.

Tesla’s cash on hand has decreased this quarter for the first time in years. The company lost about $200 million of its giant war chest – now sitting at $36.8 billion.

We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):

Here’s Tesla’s Q2 2025 shareholder presentation in full:

Here’s Tesla’s conference call for the Q2 2025 results:

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