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☆ Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
▼ + stars: | 2024-04-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +20 min

South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.

Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park

☆ Stocks making the biggest moves premarket: Netflix, Paramount, Sunnova Energy & more
▼ + stars: | 2024-04-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Intuitive Surgical — Shares of the robotic surgery firm popped 3% after posting a first quarter earnings and revenue beat. Western Alliance — Shares slipped 2% after the firm missed earnings expectations in its latest quarter. Western Alliance reported earnings of $1.60 per share, while FactSet had estimated this at $1.64 per share. The company slightly missed revenue expectations, however, posting $20.20 billion, while analysts expected $20.41 billion. American Express — Shares slid 1.5% despite the financial services company posting a first-quarter earnings and revenue beat above FactSet estimates.

Persons: Ashley Helgans, Sephora, Shopify, Morgan Stanley, Wells, Biden, SLB, LSEG, FactSet, Proctor, Gamble, — CNBC's Hakyung, Jesse Pound, Samantha Subin Organizations: Jefferies, Netflix, Energy, Western, Western Alliance, Paramount, New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, Skydance Media, Bentley Systems, Schneider Electric, American, American Express Locations: Canada, Wells, North America, — CNBC's Hakyung Kim, Tanana

☆ This new SUV’s stereo lets you make phone calls your passengers can’t hear
▼ + stars: | 2024-03-29 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

Only the driver can hear the call and the person on the other end of the call can’t hear the music playing in the SUV. That’s not a new idea, but headrest speakers are usually found in convertibles where music, phone calls and navigation instructions have to overcome buffeting wind noise. Meanwhile, the person on the other end of the phone call won’t hear the music at all. I could hear Dunn talking but the voice on the other end of the phone came through, at first, as just an intermittent quiet buzz. I could hear Dunn talking to me but not the music that was still playing in the car.

Persons: there’s, McIntosh, That’s, Gabby Jones, that’s, Tom Dunn, Dunn Organizations: New, New York CNN, Infiniti, Benz, Panasonic Automotive, New York, Bloomberg, Getty, Panasonic Locations: New York, Mercedes, Bentley, Manhattan

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, Apple, CyberArk, Grindr, Estee Lauder & more
▼ + stars: | 2024-03-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. HSBC downgrades Bank of America to hold from buy HSBC downgraded Bank of America mainly on valuation. Benchmark reiterates Nvidia as buy Benchmark said it's standing by its buy rating on Nvidia. Bank of America reiterates Amazon as buy Bank of America said it's bullish on Amazon's investments in AI. "We are initiating coverage on CYBR with a Buy rating and a $317 PT."

Persons: Wells Fargo, Bernstein, it's, Goldman Sachs, Tesla, Goldman, Piper Sandler, Piper, Clark, Kimberly, Claude, Estee Lauder, BTIG, TD Cowen, Cowen, Grindr, William Blair, Bentley, Morgan Stanley, JPMorgan, KeyBanc, Oppenheimer, Monness Crespi Hardt downgrades Palantir, Palantir Organizations: Bank of America, FDIC, Apple, HSBC downgrades Bank of America, HSBC, of America, PNC, Tesla, EV, Kimberly, Nvidia, Amazon, Bentley Systems, Allstate, JPMorgan, Major Pharma, Citi, Boeing, Barclays, Meta, SNAP Locations: mkts, DraftKings

☆ 'Too early to judge': Global carmakers contend with closure at busiest U.S. autos port
▼ + stars: | 2024-03-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty ImagesThe Baltimore bridge collapse on Tuesday prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Sweden's Volvo Group said it did not expect a significant impact, but was checking its U.S. production facilities.

Persons: Francis Scott Key, Michael A, carmakers, Dimitris Psillakis, it's, Psillakis Organizations: Francis Scott Key Bridge, McCoy, Washington Post, Getty, Logistics, Mercedes, Benz, CNBC, Baltimore, Volkswagen Group of America, Germany's Volkswagen, VW, Audi, Lamborghini, Bentley, Atlantic, Volvo Group, General Motors, Ford, Toyota, Nissan, Mitsubishi Locations: Baltimore, Port, U.S, East, Brunswick, Georgia

☆ Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
▼ + stars: | 2024-03-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.

Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S

☆ Baltimore businesses are trying to figure out how the bridge collapse will affect them
▼ + stars: | 2024-03-26 | by ( Grace Dean | Mary Hanbury | ) www.businessinsider.com time to read: +5 min

Read previewThe collapse of the Francis Scott Key Bridge in Baltimore could have major effects on distribution and deliveries for businesses in the area. Baltimore's biggest bridge collapsed early on Tuesday morning after a cargo ship crashed into one of its support beams, prompting Maryland Gov. A spokesperson for Volkswagen said its operations were unaffected as its Baltimore facility was "located on the sea board of the bridge collapse." AdvertisementMcCormick, which manufactures spices and seasonings, said in 2020 that it expected its site at Tradepoint Atlantic to become its biggest distribution site. Local businesses prepare for ongoing disruptionThe Hard Yacht Cafe, located about a mile from the bridge, told BI that it wasn't yet clear how the collapse would affect its business.

Persons: —, Francis Scott Key, Wes Moore, Kevin Cartwright, Neil Saunders, Baltimore's Francis Scott Key, Armour, McCormick, we're, Alexander DelSordo Organizations: Service, Maryland Gov, Baltimore Fire Department, Associated Press, Business, Bloomberg, Maryland Transportation Authority, Depot, FedEx, BMW, Volkswagen, Google, Amazon, Volkswagen Group, Audi, Lamborghini, Bentley, CBS, WJZ, Bay Locations: Baltimore, Port of Baltimore, Sparrows, Europe, Mexico, Hawkins

Six people are presumed dead and two have been rescued from the Patapsco River, according to The New York Times. What Happened to Baltimore’s Francis Scott Key Bridge? Around 1:30 a.m. on Tuesday, a Singapore-flagged cargo ship called Dali struck a column of the bridge, according to reporting by The Baltimore Banner. Where Is the Francis Scott Key Bridge and How Long Is It? The Francis Scott Key Bridge was assessed as being in “fair” condition in 2023, according to the Federal Highway Administration’s National Bridge Inventory.

Persons: Baltimore’s Francis Scott Key, Wes Moore, Dali, Maryland Sen, Chris Van Hollen, Francis Scott Key, Helen Delich Bentley, Banner ”, Baltimore Mayor Brandon Scott, Moore, ”, Joe Biden, We're, “, Pete Buttigieg, Scott, Buttigieg, Joseph Schofer Organizations: The New York Times, Maryland Gov, Biden Administration, White, Baltimore Sun, Baltimore Banner, ABC News, Maryland, New York Times, Times, ” Synergy Marine Group, Baltimore Mayor, Transportation, Department of, World Association, Transport Infrastructure, U.S . News, Northwestern University’s McCormick School of Engineering, ” Engineers Locations: Patapsco, Maryland’s, Singapore, Sri Lanka, Maryland, Baltimore, Helen Delich Bentley Port of Baltimore, Fort McHenry, El Salvador, Guatemala, Honduras, Mexico, U.S

☆ China is trying to connect Southeast Asia by high-speed rail. Here’s how that’s going
▼ + stars: | 2024-03-25 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

CNN —Imagine jumping on a train in southwestern China, traveling some 2,000 miles and arriving in Singapore – less than 30 hours later. Southeast Asia is the “obvious” choice because of its “proximity to China,” Bowerman adds. “Beijing, I think, ultimately wants to see Southeast Asian countries within its sphere of geopolitical influence. A staff member waits for passengers to board the Jakarta-Bandung high-speed train during a week-long public trial phase at the Halim station in Jakarta on September 17, 2023. “In the example of a high-speed railway line between Malaysia and Singapore, Singapore would likely have just one stop – Malaysia would have more,” Wong told CNN.

Persons: China’s, Gary Bowerman, ” Bowerman, ”, Pon Souvannaseng, Peerapon Boonyakiat, Bowerman, Pan Wenbo, Pan, Mei Wei, Wei, “ I’m, Xi Jinping’s, Souvannaseng, Hong Kong –, Hong Kong’s, Yasuyoshi Chiba, Wong Muh Rong, ” Wong Organizations: CNN, Initiative, China Railway, Reuters, East Japan Railway Co, Malaysian, Bentley University, of, Communist Party, Laos Railway, Laos Railway cumulatively, Orient Express, Getty Locations: China, Singapore, Asia, Laos, Kunming, Vientiane –, Indonesia, Jakarta, Bandung, West Java, Thailand, Bangkok, Thai, Malaysia, Kuala Lumpur, Southeast Asia, “ China, Peerapon, Cities, Penang, Malacca, Phuket Old Town, Beijing, Vietnam, Philippines, Cambodia, Wat, Siem Reap, ”, Kowloon, Hong Kong, Shanghai, Halim, AFP, “

☆ Bentley delays all-EV plan amid changing market conditions, vehicle development challenges
▼ + stars: | 2024-03-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Bentley Motors is pushing back its plans to exclusively offer all-electric vehicles by the end of this decade due to changing market conditions and a delay in its first EV. CEO Adrian Hallmark said the famed British luxury carmaker remains committed to carbon neutrality and exclusively offering EVs, but it now plans to do so a couple of years later. Bentley will continue offering plug-in hybrids alongside BEVs, or battery electric vehicles, past its previous target of 2030, Hallmark said. Bentley is among a growing number of automakers to change, delay or cancel ambitious EV plans as global adoption grows slower than many expected. The company now expects its first EV to be released in 2026, pushing back the release of the subsequent vehicles as well.

Persons: Adrian Hallmark, Bentley Organizations: Bentley, Hallmark

☆ VW is reviving a storied American brand to sell electric SUVs
▼ + stars: | 2024-03-17 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —When Volkswagen decided to relaunch the Scout SUV brand it took a very unusual step. The revived and revamped Scout Motors will introduce its new brand of all-electric off-road-capable SUVs, kind of like Rivian. Buzz, an electric update of the classic hippie bus, VW is touching on nostalgia to reach a new generation of car buyers. VW came to own the trademark for the defunct brand in 2021 when it purchased Navistar, a successor company to International Harvester. Scout’s parent company, Volkswagen, is building its own EV battery plant in Canada and a battery engineering lab in Chattanooga, Tennessee.

Persons: it’s, Oliver Blume, “ What’s, ”, Erin Keating, Scott Keogh, Dave Mondragon, who’s, they’ll, Keogh, ” Keogh, ” Keough, Chris Benjamin, isn’t, roader, Keating Organizations: CNN, Volkswagen, Scout, Volkswagen Group, Audi, Porsche, VW, ” Volkswagen Group, Cox Automotive, Harvester, International, Bentley, Lamborghini, North, Ford, P Global Mobility, Dealers, Scout Motors, US . Scout Motors, Volkswagen North, Volvo, Mercedes, BMW, Tesla Locations: United States, America, Volkswagen North America, Blythewood , South Carolina, South Carolina, Novi , Michigan, Canada, Chattanooga , Tennessee

☆ EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers
▼ + stars: | 2024-03-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off. U.S. EV sales were a record 1.2 million units last year, representing 7.6% of the overall national market, Cox Automotive estimates. "Moving on to less tech-savvy buyers will slow the EV market share growth over the next few years." Automakers wanted to emulate Tesla's success, with some promising to exclusively offer EVs in the not-too-distant future. "Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year.

Persons: hasn't, Andrew Merry, Aston Martin, Tesla, Elon Musk, Marin Gjaja, Ford, Pablo Di Si, Sam Fiorani, Romeo, Bentley, Mary Barra, there's, Cadillac, John Roth, We've, Gjaja, Jim Farley, Rebecca Cook, Oliver Blume, Akio Toyoda, Morgan Stanley, Adam Jonas, It's, Biden, Cox, Michelle Krebs, EVs, Trisha Jung Organizations: DETROIT, EV, Ford Motor, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, CNBC, GM, Hyundai Motor, Kia, Toyota Motor, VW, U.S, Cox Automotive, AutoForecast Solutions, Volvo, Buick, Cadillac, Honda, Ford Motor Co, Ford, Amperex Technology, Toyota, Cox, Tesla, Nissan, Nissan U.S, Environmental Protection Agency, Alliance for Automotive Innovation, American Automotive, Detroit automakers Locations: EVs, Europe, U.S, North America, Warren , Michigan, Detroit, Marshall , Michigan, Romulus , Michigan

☆ Here are Monday's biggest analyst calls: Nvidia, Alphabet, Salesforce, Arm, CVS, BJ's, Super Micro & more
▼ + stars: | 2024-02-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Target at overweight Morgan Stanley stood by its overweight rating on the department store owner. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it likes the setup heading into earnings later this week. Morgan Stanley upgrades HashiCorp to overweight from equal weight Morgan Stanley said the software company has a compelling valuation. Morgan Stanley upgrades AvalonBay to overweight from equal weight Morgan Stanley said apartment REIT stocks like AvalonBay are '"cheap for a reason." Morgan Stanley upgrades Sun Country to overweight from equal weight Morgan Stanley said it likes the airline's business model.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Salesforce, Rosenblatt, Jefferies, Amer, Wells, Jane Fraser, Roth MKM, Roth, TD Cowen, TD, DA Davidson, OW, Fannie Mae, KBW, Freddie, Truist, it's, Piper Sandler, Piper, Bentley Organizations: Nvidia, BMO, Apollo, Amer Sports, Citi, Citigroup, Bank of America, KKR, APO, BJ's Wholesale, D.A, Susquehanna, Energy, HSBC downgrades Moderna, HSBC, Moderna, Google, YouTube, " Bank of America, Omega Healthcare, Sun, DuPont's Mobility, JPMorgan, Navy, Bentley Systems Locations: USD75, Asana, ASAN

☆ James Brown's daughters reveal who the Godfather of Soul really was: He 'was Daddy'
▼ + stars: | 2024-02-19 | by ( Felice León | ) www.businessinsider.com time to read: +9 min

James Brown's daughters, Deanna Brown Thomas and Yamma Brown, discussed their father's life and legacy. The interview is in anticipation of the A&E limited series, "James Brown: Say It Loud," premiering Monday night. Music really was his purpose," Brown’s daughter, Yamma Brown, told Business Insider when describing her dad’s driving force. AdvertisementYamma Brown: James Brown was daddy. “James Brown: Say it Loud,” executive produced by Mick Jagger and Questlove, premieres Monday, February 19 at 8 p.m. ET/PT on A&E.

Persons: James Brown's, Deanna Brown Thomas, Yamma Brown, James Brown, —, Michael Jackson, Mick Jagger, “, God, Brown, Jim Crow, Brown’s, Jackson, “ Y'all, …, Denzel, they’ve, Dad, Al Sharpton, Bryan Bedder, Teddy, ”, “ I'm, “ James Brown, Questlove Organizations: Service, Hall of Famer, Business, RFK, Washington DC, Theatre, Time Magazine, New York Post, Civil Locations: Paris, Denzel Washington, Washington, United States, New York City, New York

☆ The super-rich are buying more ultra-customized Rolls-Royces and Lamborghinis
▼ + stars: | 2024-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +10 min

Lamborghini sold more than 10,000 vehicles last year for the first time ever and Ferrari had a more than 17% increase in revenue. But customers purchasing Lamborghinis, Rolls-Royces and Bentleys have an even wider array of infinitely customizable paint colors and interior materials, to start with, than carmakers offer for less expensive brands. If the customer has a favorite shirt, for example, the car paint could be matched to the fabric color. At Dixon’s Rolls-Royce dealership three quarters of the roughly 90 cars sold each year include some degree of custom options, she said. While she and Rolls-Royce’s design team can provide guidance, in the end, the choices have to be the customer’s.

Persons: Royce, Ferrari, Lamborghini, Bentley, ”, Stephan Winkelmann, Lewis Hamilton, Altrata, Royce Cullinan, Javier Gonzalez Lastra, “, ” Gonzalez Lastra, Pietro Frigerio, Kellyn Dixon, Dixon, Bugatti Chiron, Bugatti, Chiron, Lamborghini’s Winkelmann Organizations: California CNN, Lamborghini, Ferrari, Bentley, Royce, CNN, Ferrari’s, Tema, Volkswagen, Ford, Art Basel Miami Beach, Rolls Royce, Bugatti, Bugatti Bugatti Locations: Irvine, California, Newport Beach , California, Irvine , California, Goodwood

☆ She started her business from scratch when she moved to be with her fiancé. He covers the bulk of their expenses with his $200,000 income.
▼ + stars: | 2024-02-02 | by ( Janet Manley | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Pressley and Bentley split their finances proportionally to their income, and they rigorously track all their expenditures. They sat down with Business Insider over a video call to explain their finances. Business Insider confirmed the couple's transactions and debt.

Persons: —, Kimo Bentley, Daron Pressley, Pressley, Bentley, they're, they've, They've, They're, let's, Jared Soares Organizations: Service, Business, BI Locations: New York City, New York, Maryland

☆ Police arrested a Thai woman whose pet lion was seen on video cruising around in a Bentley
▼ + stars: | 2024-01-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Read previewPolice arrested a woman in Thailand whose pet lion was captured on video cruising around in an open-top Bentley, according to reports. The Pattaya News, a local news outlet, said police visited the woman on Wednesday after being made aware of a viral video showing the animal joyriding in the luxury car. During the police visit, Sawangjit presented officers with her ownership documents and allowed a veterinarian to inspect the animal, the Pattaya News said. AdvertisementThe local news outlet said that the lion was found to be in good health and had a microchip, which is mandatory under Thai law. The local news outlet said Sawangjit is currently seeking the necessary documents to retain her pet.

Persons: —, Ann Isaanrussia, — Sawangjit, Sawangjit Organizations: Service, Bentley, Business, Pattaya, BBC News, Pattaya News, Sawangjit Locations: Thailand, Sri Lankan

☆ Uber to become S&P 500 constituent -S&P Indexes
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: 1 min

The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15, 2019. REUTERS/Phil Noble/File Photo Acquire Licensing RightsDec 1 (Reuters) - Ride-hailing service Uber Technologies will join the S&P 500 (.SPX) effective at the open of trading on Dec. 18, along with S&P MidCap 400 (.IDX) constituents Jabil Inc and Builders FirstSource Inc , S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air Corp , Alaska Air Group Inc and SolarEdge Technologies Inc in the benchmark S&P 500, joining the S&P MidCap 400 index as of Monday. (This story has been refiled to correct the date to Dec. 18, not Monday, in paragraph 1)Reporting by Alden Bentley; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Phil Noble, Dow, Alden Bentley, Leslie Adler Organizations: REUTERS, Uber Technologies, Jabil Inc, Builders FirstSource Inc, Dow Jones Indices, Air Corp, Alaska Air Group Inc, SolarEdge Technologies Inc, Thomson Locations: Liverpool, Britain

☆ US bond investors brace for Fed rate cuts in 2024
▼ + stars: | 2023-11-30 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Traders' confidence was reinforced earlier this week when Fed Governor Christopher Waller, a hawkish policymaker, flagged a possible rate cut in the months ahead. SOFR FUTURESBond investors also look to the Secured Overnight Financing Rate (SOFR) futures to gauge expectations of Fed rate moves. The June 2024 SOFR futures have priced at least one Fed cut, while the probability of two 25-basis-point rate reductions was at 76%. An OIS transaction involves exchanging an overnight rate such as the federal funds rate for a fixed one. For instance, in a U.S. two-year OIS transaction, one party receives a fixed two-year rate in exchange for paying the fed funds rate daily over the next two years.

Persons: Brendan McDermid, Robert Pavlik, Pavlik, Christopher Waller, Jerome Powell's, It's, Gertrude Chavez, Dreyfuss, Saqib Iqbal Ahmed, Stephen Culp, Alden Bentley, Paul Simao Organizations: Wall, REUTERS, Bond, U.S, Dakota Wealth Management, Fed, Spelman College, Reuters, Thomson Locations: New York, U.S, Fairfield , Connecticut, Atlanta

FRANKFORT, Ky. (AP) — Kentucky state Rep. Kevin Bratcher announced his plans Thursday to run for a Louisville Metro Council seat next year, which would culminate a long statehouse career that put the Republican lawmaker at the forefront of school safety, juvenile justice and a host of other issues. Bratcher has been a fixture in the Kentucky House since 1997. Bratcher becomes the second Louisville-area lawmaker within days to pass up a House reelection run to instead seek a metro council seat in 2024. Democratic state Rep. Josie Raymond announced similar plans to run for metro council in another district. Another lawmaker who announced recently that he won't seek reelection next year is Republican state Rep. Danny Bentley, who represents a district in northeastern Kentucky.

Persons: Kevin Bratcher, Bratcher, Josie Raymond, ” Bratcher, David Osborne, ” Osborne, Danny Bentley, Bentley Organizations: Louisville Metro Council, statehouse, Republican, Kentucky House, GOP, Democratic, Louisville, Health, Family Services Locations: FRANKFORT, Ky, Kentucky, Louisville, Bratcher, Jefferson County, Fern

☆ IOTA launches $100 million entity in Abu Dhabi to create digital network
▼ + stars: | 2023-11-29 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

IOTA digital tokens will fund the investment. The foundation will be seeded with over $100 million in IOTA tokens, to be vested over the next four years, Schiener said. IOTA tokens on Tuesday traded at about $0.17, with a market capitalization of roughly $524 million, Coinmarketcap.com showed. The funds will be used to develop the IOTA network and accelerate its growth, Schiener said. IOTA will also start "tokenizing" assets, he said, a process in which ownership rights in land or buildings are represented as digital tokens and stored on a blockchain.

Persons: Satoshi bitcoin, Arnd, Dominik Schiener, Binance, Schiener, Hamad Sayah Al Mazrouei, Gertrude Chavez, Dreyfuss, Alden Bentley, Richard Chang Organizations: Swiss, Bity, REUTERS, IOTA, Wednesday, Abu Dhabi Global, United Arab, Registration, ADGM, Thomson Locations: Zurich, Switzerland, Abu Dhabi, United Arab Emirates, UAE, Europe, Germany

☆ An image of Israel Kamakawiwoʻole shows Google search still can't tell AI-generated pictures apart from genuine ones
▼ + stars: | 2023-11-27 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

AdvertisementIf you're struggling to differentiate AI-generated images from real ones, you're not alone. An AI-generated image of the late Hawaiian singer Israel Kamakawiwoʻole is currently showing up as the top search result on Google when you search his name. Business Insider searched for "Israel Kamakawiwoʻole" on Sunday evening and found the AI-generated images continuing to appear as the top search results. Noah Giansiracusa, a professor at Bentley University, pointed out on X that the AI-generated images show Kamakawiwoʻole playing a guitar. Google told 404 Media a day later that it had removed the AI-generated image from search results.

Persons: —, Israel Kamakawiwoʻole, Ethan Mollick, VdZmuUAwCK, Noah Giansiracusa, Google's, Giansiracusa, Kamakawiwoʻole, Judy Garland's, Edward Hopper, Johannes Vermeer Organizations: Service, Google, University of Pennsylvania's Wharton School, Business, Bentley University, Reddit, Media Locations: Hawaiian, Reddit

☆ Bentley in Border Bridge Crash Was a Luxury Car Packed With Power
▼ + stars: | 2023-11-24 | by ( Ashley Southall | Jesse Mckinley | ) www.nytimes.com time to read: +1 min

The car that exploded this week at a border bridge in Niagara Falls, N.Y., was a 2022 Bentley Flying Spur, the authorities said on Friday, an ultraluxury model capable of reaching a speed of 60 miles per hour in four seconds. The police identified Kurt P. Villani as the driver and his wife, Monica Villani, as a passenger. The base model Flying Spur was powered by an eight-cylinder engine generating 542 horsepower and weighed 5,137 pounds, according to specifications from Edmunds, which provides data about automobiles for consumers. The vehicle was shown on video moving toward the bridge at a shocking speed before striking a median and taking flight. It burst into flames on impact and shattered, strewing metal over a wide debris field.

Persons: Kurt P, Villani, Monica Villani Organizations: Bentley Locations: Niagara Falls, N.Y, Grand, New York, Toronto, Edmunds

Police investigators in Niagara Falls, N.Y., on Thursday were untangling the mystery behind why a Bentley crashed and burned at a bridge at the U.S.-Canada border, killing a local couple and causing panic on both sides on one of the year’s busiest travel days. Among the possibilities that investigators were considering on Thursday was whether the car, an older model, experienced a mechanical failure that caused it to accelerate, according to Robert Restaino, the mayor of Niagara Falls. The victims were a man and his wife from Grand Island, N.Y., both in their 50s, who owned several businesses in western New York, according to Mr. Restaino. He declined to release their names because the family had not been officially notified. Mr. Restaino said the couple had originally been headed to a concert in Canada, and investigators believe it was a Kiss show that was called off after a member’s illness.

Persons: Bentley, Robert Restaino, Restaino Organizations: U.S . Locations: Niagara Falls, N.Y, U.S, Canada, Grand Island, New York

☆ What we know about the explosion at Rainbow Bridge near Niagara Falls
▼ + stars: | 2023-11-23 | by ( John Miller | Elizabeth Wolfe | ) edition.cnn.com time to read: +5 min

Alarms were raised from New York to Washington, DC, late Wednesday morning after the incident on the US side of the Rainbow Bridge crossing. “Two individuals died in the vehicle,” Hochul said, noting the car is associated with a western New York resident. The explosion prompted a temporary shutdown of all four bridges between Canada and the US near Niagara Falls on one of the busiest travel days of the year. Debris is scattered across the customs plaza at the Rainbow Bridge border crossing on Wednesday in Niagara Falls, New York. All cars coming into the airport were also being screened by bomb-detecting dogs, a Niagara Frontier Transportation Authority spokesperson said.

Persons: “, ”, Kathy Hochul, ” Hochul, Hochul, Rickie Wilson, Derek Gee, Trini Ross, Matthew Miraglia, We’re, Pete Muntean, Raja Razek, Dave Alsup, Josh Campbell, Sabrina Souza Organizations: CNN — Investigators, FBI, New Yorkers, ” New York Gov, Customs, CNN, AP FBI, Western, of, Buffalo Niagara International, US Federal Aviation Administration, Niagara Frontier Transportation Authority, Amtrak, Terrorism Task Force, Niagara, Niagara Falls Police Department Locations: New York, Canada, Niagara Falls, Washington, DC, Buffalo, Niagara Falls , New York, of New York, Toronto

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