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☆ Is meme trading back? These 4 stocks could benefit from a retail investor boom
▼ + stars: | 2024-05-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Whether retail investors profit from their bets on GameStop and AMC Entertainment or not, one group of companies looks set to cash in from the frenzied trading: stock exchanges. So-called meme stocks, which gained popularity through social media platforms like Reddit and Twitter (or X), have attracted retail investors looking to make a quick profit. Through this new innovative offer, we will offer retail investors a true one-stop-shop experience for equity trading," he said in May 2023. "The rise of retail options trading is another secular trend we're excited to build on with more platforms coming online for index options trading later this year, giving retail investors expanded access to our products," Howson said on an earnings call to analysts this month. ICE, which owns the New York Stock Exchange and several other exchanges, offers trading in stocks, bonds, commodities, currencies and derivatives.

Persons: Eric Leupold, Deutsche Boerse, Benjamin Goy, Stéphane Boujna, FactSet, David Howson, Howson, Oppenheimer, Hannah Gooch, Peters, Marco Iachini , Organizations: GameStop, AMC Entertainment, Twitter, Deutsche Borse AG Deutsche Börse, Frankfurt Stock Exchange, Corona, Deutsche Börse, DB1, Deutsche Bank, Global Equity, Cboe, Wall Street, Intercontinental Exchange, Sanlam Investments, ICE, New York Stock Exchange, Vanda Locations: Germany, U.S, Switzerland, Italy, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, Paris, France, Portugal, Europe

☆ This global stock could rally 140% on a hydrogen fuel boom, analyst says
▼ + stars: | 2024-05-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

WAH-FF 1Y line The number of hydrogen refueling stations, a key focus for Wolftank, has risen by more than 600% to 178 across Europe over the past decade. The company expects revenues from ongoing hydrogen projects to exceed 16 million euros in 2024, with projected figures for 2025 of around 18 million euros. "The company is seeing a great deal of customer interest in its hydrogen refuelling solutions," said Metzler analyst Guido Hoymann. Late last year, Wolftank was awarded a major hydrogen refueling station contract with a public transport provider near Lake Iseo in northern Italy. Last week, the company also revealed that it was awarded two further contracts totaling 6.7 million euros.

Persons: Metzler, Guido Hoymann, Wolftank, Patrick Speck, Miguel Lago Mascato, FactSet, — CNBC's Sophie Kiderlin Organizations: Wolftank, CNBC Locations: Austria, Europe, Germany, Italy, Lake Iseo, Emilia Romagna

☆ What investors should know about the UAW's organizing drive of VW
▼ + stars: | 2024-04-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

"We're going to carry this fight on to Mercedes and everywhere else," Fain told VW workers Friday night following the historic vote. Impact on labor costsTop of the list of likely impacts from organizing efforts at VW is labor costs. But for the Big Three Detroit automakers — and their shareholders — the VW organizing drive could be a positive. GM, Ford and Stellantis have higher all-in labor costs than non-organized automakers such as VW. Fain on Friday said "the real fight begins now," referring to the expected negotiations between the union and VW.

Persons: Elijah Nouvelage, Alex Hertel, Fernandez, It's, Shawn Fain, Kelcey Smith, Kevin Wurm, Fain, Let's, Joe Biden, Evelyn Hockstein, there's, – Organizations: Volkswagen, Getty, DETROIT, United Auto Workers, UAW, Detroit union's, U.S . Department of Labor, Columbia University, Union, National Labor Relations Board, NLRB, VW, General Motors, Ford Motor, Chrysler, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Nissan, Subaru, Toyota, Volvo, Washington Post, Workers, Mercedes, UBS, Big Three Detroit automakers —, GM, Ford, Chamber, U.S, Capitol, Reuters Locations: Chattanooga , Tennessee, U.S, Vance , Alabama, Chattanooga, Washington , U.S, Detroit

☆ Flavor Flav’s deep thoughts on life, love and being Hollywood’s biggest hype man
▼ + stars: | 2024-04-21 | by ( Marianne Garvey | ) edition.cnn.com time to read: +6 min

CNN —Flavor Flav is moving through life these days like he’s got no time to waste. And there’s a lot of young artists that have a lot of love for Flavor Flav as well. FF: “I’m having fun with my life right now. I’m really having a lot of fun with my life right now. And I think that’s another thing that people love about me most is because I’m humble, you know?

Persons: Flav, he’s, Bruce Springsteen, Donny Osmond, Flav’s, hasn’t, –, Megan Thee Stallion, King Kong, ”, Taylor Swift, ” Taylor Swift, Kevin Mazur, I’m, Cher, I’ve, Billie Eilish, she’s, Christopher Polk, Who’s, haven’t, Megan Thee, Babyface Edmonds, Jimmy Jam, Terry Lewis, Jelly, let’s, ain’t Organizations: CNN, Harvard, Hall of Fame, ” CNN, Dolby Theatre, Getty Locations: Los Angeles , California, King

☆ One of the top donors to a pro-Biden dark-money group is a nonprofit run by a little-known AI investor
▼ + stars: | 2024-03-10 | by ( Casey Tolan | ) edition.cnn.com time to read: +8 min

The second-largest donation in 2022 to the non-profit arm of Future Forward, the primary Super PAC supporting Biden, came from a group run by James McClave and Emily Berger. That’s more than any group other than the George Soros-linked Open Society Policy Center, which gave $15.2 million that year. That trend is set to continue this year: Future Forward has announced plans to run the largest ever political advertising campaign by a Super PAC in 2024. A spokesperson for Future Forward did not respond to a request for comment. The pro-Biden group Future Forward has said it plans to run the largest political advertising campaign by a Super PAC this year.

Persons: Joe Biden, James McClave, Emily Berger, Jane, McClave, Berger —, George Soros, Biden, they’re, “, ”, Anna Massoglia, Berger, Massoglia, ” Anna Massoglia, Janet Protasiewicz, Manhattan DA Alvin Bragg, Claude, Sam Bankman, Fried, Jane Street, Julia Nikhinson, Anita Dunn, Harris, It’s, ” Biden, Biden’s, Vox Organizations: CNN, PAC, Biden, —, Policy Center, Soros, League of Conservation Voters, Fund, Hopewell Fund, Super PAC, McClave, Democratic Party, Wisconsin Supreme, Manhattan DA, Securities and Exchange Commission, New York Stock Exchange, University of California, Bloomberg, FF PAC, White House, New York Times, Super, Commission, Forward, Center for Voter, Democratic, BEMC Foundation Locations: Manhattan, McClave, Wisconsin, Anthropic, University of California Berkeley, Manassas , Virginia

☆ Online sports betting stocks are primed for a big 2024 as fans ready for the Super Bowl
▼ + stars: | 2024-01-28 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.

Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York

☆ Time to buy Siemens and HelloFresh after big share price moves? Here's what analysts say
▼ + stars: | 2023-11-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Morgan Stanley has a price target of 22 euros a share. The investment bank has an "underperform" rating – equivalent to "sell" at other banks – on the stock with a price target of 16 euros a share. Deutsche Bank has a "buy" rating on Siemens stock with a 185 euros 12-month price target, giving it a 26% upside from the current share price. They expect the results will be "well received" and see Siemens stock as "the most mispriced largecap equity in our coverage." Berenberg's Philip Buller and Philip Modu have a price target of 170 euros a share, which is 16% above the current share price.

Persons: HelloFresh, —, Jefferies Jefferies, Jefferies, Morgan Stanley Morgan Stanley, Luke Holbrook, Morgan Stanley, Bernstein, William Woods, Supriya Subramanian, Berenberg, Berenberg's Philip Buller, Philip Modu, — CNBC's Michael Bloom Organizations: Siemens, Wall Street Bank, Deutsche Bank, UBS UBS Locations: Arizona, Swiss

☆ Top Wall Street analysts are confident in the long-term potential of these stocks
▼ + stars: | 2023-11-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Wall Street analysts can help investors identify stocks that have what it takes to thrive amid short-term headwinds — and that can offer attractive returns going forward. Here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Apple's overall revenue declined for the fourth consecutive quarter due to notable declines in iPad and Mac sales. Zelnick raised his price target from $380 to $395 and reiterated a buy rating on MSFT stock. Following the Q3 2023 print, Zelnick maintained a buy rating on NOW stock and increased the price target to $650 from $625.

Persons: Aly Song, Wall, Baird, William Power, Power, TipRanks, Goldman Sachs, Eric Sheridan, Sheridan, Brad Zelnick, Zelnick Organizations: Apple, Reuters Companies, Wall Street, Apple Tech, Apple's Services, Services, North America, Web Services, AWS, TipRanks, Microsoft, Deutsche Bank, Fortune, Software, U.S Locations: Shanghai, China, ServiceNow

☆ Morgan Stanley says these global stocks will soar on the $150 billion generative AI boom
▼ + stars: | 2023-10-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

The bank's top picks for "best positioned" stocks include German software and solutions provider SAP and French software developer Dassault Systèmes . SAPA-FF YTD mountain Year-to-date performance of shares in SAP On SAP, Morgan Stanley's analysts said the company is likely to "benefit from price increases in 2023" as well as better product integration which will enable "strong cross-selling." DSY-FR YTD mountain Year-to-date performance of shares in Dassault Systemes Meanwhile, they like Dassault Systèmes for its "highly recurring software business models with growth." Elsewhere, Morgan Stanley says the likes of Microsoft , Adobe and Nvidia make good plays of the AI trend. So far, the bank said that generative AI "remains in the early stages of the opportunity," based on data collected from recent funding activity and interviews with chief investment officers.

Persons: Morgan Stanley, Adam Wood, Morgan, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Dassault, SAP —, Dassault Systèmes, SAPA, SAP, Microsoft, Adobe, Nvidia Locations: U.S, Europe

☆ Goldman Sachs says this global delivery platform’s shares are set to soar over 100%
▼ + stars: | 2023-10-03 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Shares of German food delivery platform Delivery Hero are set to double over the next 12 months, according to analysts from Goldman Sachs. Goldman remains bullish on Delivery Hero even as investors remain concerned about its free cash flow trajectory. "Delivery Hero operates in more favorable markets [compared to its] peers in terms of macro and unit economics. Several food delivery platforms emerged during the height of the pandemic when countries around the world imposed social distancing restrictions. She expects Delivery Hero to register the largest improvements this year in terms of EBITDA as a percentage of gross transaction value.

Persons: Goldman Sachs, Goldman, Lisa Yang, Deliveroo, Goldman's Yang, — CNBC's Michael Bloom Organizations: The, U.S Locations: The U.S, Asia, Southeast Asia, British

☆ Cash-strapped Faraday Future's shares sink 20% on share sale plan
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsSept 27 (Reuters) - Shares of Faraday Future Intelligent Electric (FFIE.O) slumped in premarket trading on Wednesday, after the cash-strapped electric-vehicle company announced plans to raise up to $90 million through a stock offering. Shares of the company, that has a market value of $45.75 million, dropped 20% to $1.94 in trading after closing at a record low of $2.46 on Tuesday. Its shares have dropped over 85% so far in 2023. Reporting by Medha Singh in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Faraday, Lucy Nicholson, Matthias Aydt, Medha Singh, Krishna Chandra Organizations: REUTERS, FF, Thomson Locations: Gardena , California, U.S, Los Angeles, Bengaluru

☆ Faraday Future alleges "coordinated effort" to undermine valuation
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

The interior of Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsCompanies Faraday Future Intelligent Electric Inc FollowSept 7 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) on Thursday said it has recently observed a series of "suspicious activities" which the electric-vehicle startup believes suggested a "coordinated effort" to undermine its valuation. Faraday did not immediately respond to a Reuters' query seeking details on the claim. It also faced delivery delays with its FF 91 2.0 Futurist Alliance vehicle, the first of which it delivered in August. Reporting by Mrinmay Dey in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Faraday, Lucy Nicholson, Mrinmay Dey, Dhanya Ann Thoppil Organizations: REUTERS, Reuters, EV, FF, Futurist Alliance, Thomson Locations: Gardena , California, U.S, Los Angeles, Bengaluru

☆ Faraday Future interim CFO resigns, firm to restate certain financial reports
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

July 11 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 and the quarter ended March 2023 after it uncovered some errors, highlighting continued turmoil at the electric vehicle firm. The company, which had raised going-concern doubts last year, appointed outsider Jonathan Maroko as its new interim chief financial officer, effective July 24. Faraday Future also said its annual report for 2022, quarters ending September 2022 and March 2023 "should no longer be relied upon" due to certain errors. The company will file restated financial statements and the move will not affect its vehicle delivery timeline, it added. Last month the company secured $90 million funding commitment from existing investors and had in May announced plans to raise $100 million in debt.

Persons: Jonathan Maroko, Yun Han, Faraday, Tesla, Yuvraj Malik, Shailesh Organizations: FF, Lordstown Motors, Thomson Locations: Bengaluru

☆ Faraday Future investors commit $90 million in funding
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%. The company, which had last year raised going-concern doubts, said its investors will also speed up the $15 million funding commitment made earlier. The production of FF 91 began in March in its California factory although there are concerns over potential delays in delivery. The funding support comes as peer EV start-up Lordstown Motors (RIDE.O) filed for bankruptcy protection and sued investor-partner Foxconn for failing to keep certain contractual promises. The company, which had last month announced plans to raise $100 million in debt, said in an exchange filing that it will continue to look for additional funding sources.

Persons: Foxconn, Faraday, Yuvraj Malik, Anil D'Silva Organizations: ATW Partners, Senyun International, FF, EV, Lordstown Motors, Thomson Locations: California, Bengaluru

☆ Faraday Future plans reverse stock split and delays EV deliveries
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

June 16 (Reuters) - Electric-vehicle startup Faraday Future Intelligent Electric (FFIE.O) said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq's minimum bid price requirements. Faraday Future closed at $0.45 on Friday. So far this year, electric-truck maker Nikola (NKLA.O) has said it may execute a reverse stock split, while Lordstown Motors (RIDE.O) has also announced a reverse stock split to meet Nasdaq listing norms. Faraday's reverse stock split proposal includes a range between 1-for-2 and 1-for-90 shares of outstanding common stock. Last November, Faraday Future raised doubts about its ability to continue as a "going concern".

Persons: Faraday, Nikola, Samrhitha, Krishna Chandra Organizations: Nasdaq, Companies, Lordstown Motors, FF, Futurist Alliance, Thomson Locations: Angeles, Bengaluru

☆ Zlatan Ibrahimovic: Swedish legend announces retirement from football at age 41
▼ + stars: | 2023-06-05 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

CNN —Swedish legend Zlatan Ibrahimovic has announced his retirement from a glittering soccer career at the age of 41, leaving Italy’s Serie A as the league’s oldest-ever goal scorer. “It’s time to say goodbye to football, but not to you,” an emotional Ibrahimovic told the Rossoneri fans at the San Siro stadium. Ibrahimovic won the Eredivisie twice and the KNVB Cup in 2002. Following his spell at the Dutch club, Ibrahimovic went on to play for some of the biggest clubs in Europe, including Juventus, Inter Milan, Barcelona, AC Milan, Paris Saint-Germain and Manchester United. His stint in Spain was short-lived as he was loaned to AC Milan in 2010, in a move made permanent in 2011.

Persons: Zlatan Ibrahimovic, “, Ibrahimovic, ” Ibrahimovic, ”, “ It’s, Swede, Germain Organizations: CNN, Serie, AC, Hellas Verona, San, International Federation of, Sweden’s, Malmö FF, Ajax, KNVB, Juventus, Inter Milan, AC Milan, Paris Saint, Manchester United, Ibrahimovic, Spanish, Barcelona, La Liga, League, English Premier League, Europa League, MLS, LA Galaxy, Milan’s, Udinese Locations: San Siro, Netherlands, Europe, Barcelona, Paris, Italy, Catalan, Spain

☆ Ibrahimovic retires from football
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

June 4 (Reuters) - AC Milan's Sweden striker Zlatan Ibrahimovic said on Sunday he had decided to end his football career. Ibrahimovic arrived in Milan for his second spell with the club in early 2020, having won the Scudetto with them in 2011, and helped them win the title again last season. "I say goodbye to football but not to you." he said after being feted by the San Siro crowd after Milan's 3-1 win over Hellas Verona in their season finale. Ibrahimovic, Sweden's all-time top scorer with 62 goals in 121 matches, quit the national team after Euro 2016 but returned in 2021 for their unsuccessful World Cup qualifying campaign.

Persons: Zlatan Ibrahimovic, Ibrahimovic, San Siro, Sweden's, Tommy Lund, Ken Ferris Organizations: Milan's Sweden, old's, San, Hellas Verona, Malmo FF, Ajax Amsterdam, Manchester United, Inter Milan, Milan, Thomson Locations: old's Milan, Milan, Gdansk

☆ EV maker Faraday Future launches limited edition FF 91 2.0 for $309,000
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

May 30 (Reuters) - Electric vehicle (EV) startup Faraday Future Intelligent Electric (FFIE.O) launched its limited edition FF 91 2.0 Futurist Alliance vehicle on Tuesday, priced at $309,000. The company said the model is limited to 300 units globally and that it has opened reservations in both U.S. and China. The startup also launched the regular FF 91 2.0 Futurist model and added that it was available for preorder, without revealing price details. The launch comes after several delays in the production of its flagship electric car, FF 91 Futurist. In March, the company said it had begun production at its California factory, after raising doubts late last year about Faraday's ability to continue as a "going concern" and the delivery timeline for FF 91.

Persons: Akanksha, Janane Organizations: Futurist Alliance, Thomson Locations: China, California, Bengaluru

☆ EV maker Faraday Future to raise $100 mln in debt to support delivery plans
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Electric vehicle (EV) startup Faraday Future Intelligent Electric (FFIE.O) on Tuesday said it was raising $100 million in debt as it aims to achieve initial deliveries of its flagship FF 91 Futurist vehicle after a funding crunch led to multiple delays. The company said it will also use the new debt funding to ramp up production. "This round of financing commitments is expected to provide the Company with capital to support our FF 91 delivery milestone, sales and service system development, as well as support our near-term production ramp-up goals," Xuefeng Chen, the global CEO of Faraday Future, said. In April, Faraday Future had pushed back the initial deliveries of the FF 91 Futurist by another two months, saying at that time that they would depend on "substantial additional financing". Last November, Faraday Future raised doubts about its ability to continue as a "going concern".

☆ Faraday Future to raise $100 mln in debt to ramp up production
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Electric vehicle (EV) startup Faraday Future Intelligent Electric (FFIE.O) said on Tuesday it was raising $100 million in debt to ramp up production and achieve a delivery milestone for its flagship FF 91 Futurist vehicle. The company signed agreements for financing commitments of $100 million in unsecured convertible notes to generate cash to increase production and development of its sales & service system for the vehicle. Faraday Future has been struggling with a cash crunch and a board reshuffle following a governance dispute with one of its largest shareholders, FF Top Holding. Last November, Faraday Future raised doubts about its ability to continue as a "going concern". Reporting by Akanksha Khushi in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +6 min

In this article MBG-FF Follow your favorite stocks CREATE FREE ACCOUNTLewis Hamilton of Great Britain drives the Mercedes AMG Petronas F1 Team W13 on race day during the 2023 Australian Grand Prix at Albert Park on April 2, 2023 in Melbourne. But Mercedes' F1 collaboration to build more efficient EVs faster is unprecedented because it embeds that racing mindset and technological expertise directly in product development. After decades of leadership in combustion-engine technology, legacy carmakers like Mercedes have lagged Tesla in electric vehicles. Mercedes' F1 team can help it get back in the race, said Steven Merkt, head of transportation solutions at TE Connectivity , a major autos supplier. Last year, Mercedes unveiled its EQXX concept car, a super-efficient EV capable of a range of more than 1,200 km (745 miles), which was jointly developed with the German premium carmaker's F1 team in England.

☆ Faraday Future pushes back EV deliveries, looking for cash
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

Still, the company said its first vehicle would come off the production line on Friday, and shares rose 13% to $0.31. Faraday Future on Thursday said it was in discussions with additional potential investors to secure the funding. Faraday Future has been struggling with a cash crunch and a board reshuffle following a governance dispute with one of its largest shareholders, FF Top Holding. Last November, Faraday Future raised doubts about its ability to continue as a "going concern". But the company managed to secure enough funds in February to start much-delayed production of the FF 91 Futurist last month.

☆ Faraday Future starts EV production of FF 91 after months-long delay
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - Faraday Future Intelligent Electric Inc (FFIE.O) said on Wednesday it has started production of its much-delayed first luxury electric car, FF 91 Futurist, at its California factory. "This shows that FF has entered a new phase under the governance and operation of the new board and management," founder YT Jia said in a statement. The FF 91 Futurist is expected to be offered in both the U.S. and China markets, with initial 2023 sales to begin in Los Angeles, San Francisco, New York, Shanghai and Beijing, the company said. Deliveries in the U.S. will begin at the end of April 2023, a spokesperson for Faraday Future told Reuters, but did not give details on who the first customers would be. Reporting by Yana Gaur and Jyoti Narayan in Bengaluru; Editing by Sherry Jacob-Phillips and Uttaresh VenkateshwaranOur Standards: The Thomson Reuters Trust Principles.

☆ 'Bond Kings' Bill Gross and Jeffrey Gundlach predict an imminent US recession as surging interest rates strangle growth
▼ + stars: | 2023-03-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Bill Gross and Jeffrey Gundlach expect higher interest rates to hammer growth in the near future. Bond yields signal investors' expectations for growth, inflation, and interest rates in the months and years ahead. The central bank is betting that higher rates will make borrowing more costly and encourage saving over spending, cooling price growth. He also declared in February that stocks are likely to underperform for a while, as higher rates are a drag on company valuations. Gross has previously jabbed at Gundlach over their shared nickname, labeling him the "self-anointed 'bond king'" in an October outlook.

☆ Adidas renews deal with Major League Soccer
▼ + stars: | 2023-02-22 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Matthew Ashton - AMA | Getty ImagesMajor League Soccer and sportwear giant Adidas agreed to a multiyear extension of their partnership. It represents Adidas' largest-ever investment in North American soccer. At the time, it marked a record-breaking deal for North American soccer for Adidas. Adidas renews its longtime partnership with Major League Soccer until 2030. The league's future is bright and we are proud to be part of it," Rupert Campbell, president of Adidas North America, told CNBC.

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