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☆ Starbucks gets a price target cut after a brutal quarterly miss and light guidance
▼ + stars: | 2024-04-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

In Starbucks' international segment, comparable store sales fell 6% and missed estimates of 0.5% growth. The street was looking for flat comparable sales in China, according to FactSet. China comparable sales are expected to decline by a single-digit percentage versus expectations of low single-digit growth in the second quarter through the fourth quarter. Global net new store growth was tweaked down from 6% to 7%. That's due to slower China store openings, which was revised to 12% growth from 13%.

Persons: Laxman Narasimhan, Dunkin, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Revenue, Starbucks, Bros, McDonalds, Wall Street, Global, CNBC, Getty Locations: China, United States, North America, Latin America, Asia, Japan, Manhattan , New York City

☆ GM and Ford's gas-powered profits and hybrid successes show how hard it will be for Tesla to weather an EV slowdown
▼ + stars: | 2024-04-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla finally has to deal with the EV slowdown. The EV company can't rely on hybrids and gas cars like competitors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Both Ford and GM exceeded analyst expectations for the first quarter thanks to cost cutting and stronger demand for gas-powered cars. But the tables have turned now as traditional automakers are able to tap into a newly popular segment unoccupied by Tesla: hybrids.

Persons: Tesla, Musk, —, Elon, Mary Barra, Barra, ruffle Musk Organizations: EV, Service, Ford, GM Locations: North America

☆ The seemingly AI-generated ads for 'Civil War,' A24's most expensive film, are laughable — especially if you're from Chicago
▼ + stars: | 2024-04-20 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

One image appears to show soldiers in a boat somewhere near Los Angeles pointing their guns at a giant swan. "These are AI images inspired by the movie," the source told the outlet. Promotion for the horror-comedy "Late Night with the Devil" has been bogged down by complaints that the filmmakers used AI. AdvertisementMarketing for "Civil War" has been controversial even beyond the use of AI, with some people criticizing it as misleading. The images A24 posted do not do that feeling — or the movie they're supposed to be promoting — justice.

Persons: —, Wilco, Cmon, zQSEUj9ecd — Alex Pope Organizations: Service, Business, Hollywood Reporter, Miami Locations: North America, America, Chicago, Marina City, York, Los Angeles, Echo, New York

☆ Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint
▼ + stars: | 2024-04-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los Angeles, the company confirmed Friday. "While some employees will be retained and will relocate to other facilities, including our recently opened distribution center in the greater Los Angeles area, the optimization will result in the reduction of just over 100 positions within the existing Sumner distribution center," the person added. The closure comes after Lululemon more than tripled its warehouse footprint in the past few years to accommodate its rapid growth. In 2021, it entered into a new lease for a 1.26 million square-foot facility outside of Los Angeles in Ontario, California, filings show. In 2022, it leased a 980,000 square foot warehouse outside of Toronto in Brampton, Ontario.

Persons: Lululemon, Sumner, —, CNBC's Annie Palmer Organizations: state's Employment Security Department Locations: San Diego , California, Washington, Los Angeles, Sumner, Seattle, Sumner , WA, U.S, Canada, Toronto, Ontario , California, Brampton , Ontario, California, North America, Americas

☆ Why Scotland’s ‘ghost’ whisky distilleries are coming back to life
▼ + stars: | 2024-04-13 | by ( Angus Mackinnon | ) edition.cnn.com time to read: +10 min

Courtesy Port Ellen DistilleryAcross the courtyard, the new still room resembles a vast industrial greenhouse with four shiny new copper stills as its exotic plants. “It is important that we recreate that classic Port Ellen character that people love, but we also want to be doing things we’ve not done before,” says McDonald. Courtesy Port Ellen DistilleryA glimpse into that past comes in the musky surroundings of warehouse number two with a dram drawn straight from a cask filled in 1979. Port Ellen is hoping to attract upscale whisky fans to sample a by-appointment-only Atlas of Smoke Experience. “At the moment, Port Ellen is expensive because it is so old and so rare.

Persons: Carol Ann Duffy’s, ” “, Ellen, ”, attar, Port Ellen, Roy Duff, Dramface.com, Ardbeg, Hijiri, Alexander McDonald, McDonald, Port, Port Ellen Gemini, Ellens, There’s, Dramface’s Duff, ” Emily Burnham, “ Organizations: Scotland CNN, Port, Ellen, Diageo, North America —, Smoke Locations: Islay, Scotland, Isle of Islay, Wuyi, Port, Scottish, —, Highland, Brora, Falkirk, Scotland’s, Hong Kong, Kilnaughton Bay, Antrim, Northern Ireland, Mull, Kintyre, North, America, United States

☆ 2 New York airports now have the only 5-star terminals in North America — just 5 years after JFK, LaGuardia, and Newark were ranked the worst in the US
▼ + stars: | 2024-04-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Newark, LaGuardia, and JFK were ranked as the country's worst airports back in 2018. Newark and LaGuardia have terminals ranked five stars by Skytrax, while construction is underway at JFK. LaGuardia, Newark, and JFK used to be ranked among the country's worst airports. In 2018, travel news site The Points Guy ranked them as the three worst airports in the US. AdvertisementWhen it comes to airports, Skytrax has three categories: hub airports, regional airports, and terminals.

Persons: Skytrax, —, Skytrax —, Guy, Houston William P, Paris Charles de Gaulle Organizations: JFK, Service, Hobby, Paris Charles, Guangzhou Baiyun, Port Authority of New, Newark Locations: Newark, LaGuardia, York, New Jersey, JFK, York City, North America, Asia, Europe, Paris, Guangzhou, Port Authority of New York

☆ Yeezy fiasco helps push Adidas into loss as US sales continue to fall
▼ + stars: | 2024-03-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

“Going forward, the company expects the tax rate to normalize again as its operating profit improves,” Adidas said in a statement. Sales in North America — the company’s second-biggest market — declined more than 16% in 2023, partly because Adidas slashed sales to wholesalers in order to reduce their high levels of inventory. The company expects its sales in the region to fall again this year, by around 5%. Globally, sales of Adidas footwear, which includes popular Samba and Gazelle sneakers, were up 4%, in contrast with a 6% fall for Adidas apparel. On a different measure of earnings, the company recorded an operating profit of €268 million ($293 million) last year.

Persons: Ye, Harm Ohlmeyer, “, ” Adidas, Bjørn Gulden, Olesya Dmitracova Organizations: London CNN, Adidas Locations: North America, China

☆ Here's why Starbucks shares can rally after a quarterly earnings miss
▼ + stars: | 2024-01-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

On a year-over-year basis, sales rose 8.2%. Still, the comparable store sales challenges in the U.S. and China force us to be less upbeat about the company's prospects than we were after prior quarter. In Starbucks' international segment, comparable store sales rose 7% as transactions increased 11% but ticket amount dropped 3%. Comparable store sales in China rose 10%, the company said, below the the 17% estimate, according to Bloomberg data. It expects full-year comparable sales on a global basis and in the U.S. to grow 4% to 6%.

Persons: Jim Cramer, Laxman Narasimhan, Narasimhan, Rachel Ruggeri, Ruggeri, Jim Cramer's, Jim, Gabby Jones Organizations: Starbucks, Revenue, Management, Buyers, Wall Street, FactSet, U.S, Bloomberg, CNBC, Getty Locations: China, U.S, North America, Israel, New York

☆ Japan’s ‘Moon Sniper’ lands but its fate is unclear due to power issue
▼ + stars: | 2024-01-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Rovers, science experiments, golf balls and other telltale signs of human exploration still sit on the lunar surface, and it’s only just beginning as more space agencies and countries plan trips to the moon. An artist's illustration depicts the SLIM lander's descent toward the lunar surface. JAXAJapan’s “Moon Sniper” robotic explorer successfully landed on the lunar surface Friday but almost immediately encountered a critical issue. The Japan Aerospace Exploration Agency team said it believes the solar power issue is a result of the spacecraft facing the wrong direction. If the Moon Sniper can soak up some sunlight, the mission may continue.

Persons: Smart Lander, Emmanuel Rondeau, ”, Eager, Nick Famoso, Irene Stachon, Trent Ford, Lockheed Martin, Ashley Strickland, Katie Hunt Organizations: CNN, ”, telltale, JAXA, Japan Aerospace Exploration Agency, North America, University of Alaska, WWF, Force, NASA, Lockheed, CNN Space, Science Locations: Soviet, North, University of Alaska Fairbanks, Elma, Malayan, Malaysia, Oregon, Mitchell , Oregon, Scandinavia, Finland, Äkäslompolo, United States, Chicago, Illinois

☆ The top 9 'must-have' travel experiences of 2024, according to luxury advisors
▼ + stars: | 2024-01-16 | by ( Monica Pitrelli | Jonathan Delise | ) www.cnbc.com time to read: +8 min

If that sounds like a tall order for a summer getaway, the luxury travel company Virtuoso asked 20,000 of its travel advisors to share their top experiences for 2024. Dark sky tourism focuses on rural locations without light pollution, such as Greece's Olympus Mountain National Park. Departing in August, Virtuoso recommends travelers first take in the Olympic Games before departing the city in style. Passion travelsHobbies may be associated with the home, but Virtuoso recommends taking your passions on the road. Virtuoso recommends exploring Peruvian cuisine at the Mistura Food Festival, or checking out the street food of Ljubljana, Slovenia.

Persons: Nicolas Economou, Manoj Shah, Belles, Bhutan's, Young, Peter Adams, Chiang Mai, Koh, Wiphop, Sakura, James Cole, Hillary, Cousteau, Shackleton, pricey, Yasin Akgul, bookworms, Wolfgang Kaehler, Brian Curtice, Levente Bodo, ERNESTO BENAVIDES Organizations: Nurphoto, DarkSky, Stone, InterContinental, UNESCO, Istock, Expedition, Getty, CNBC Travel, Orient, Afp, Departing, Olympic Games, Chelsea Flower, Lightrocket, Festival Locations: stargazing, Norway, Iceland, Canada, Northern Mexico, Blanco , Texas, Albanya, Spain, Africa, Bhutan, Thailand, Pana, Yai, Bangkok, Japan Japan, United States, North America, Japan, Hakodate, Hokkaido, Kyoto, Kanazawa, Fuji's, Antarctica, Paris, Istanbul, Turkey, Asia, Europe, Venice, Turkish, Strahov, Riau, Isla, Ljubljana, Slovenia

☆ A new report lists the 10 most turbulent flight routes in North America — take a look
▼ + stars: | 2024-01-15 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Travel tool Turbli analyzed the turbulence levels of 150,000 flights in 2023. The data showed the top 10 bumpiest flight routes in North America. A November 2023 report from Business Insider found that climate change has played a noticeable role in flights becoming more turbulent and bumpy in recent years. Fortunately, a report from travel tool Turbli sheds light on which flight routes experienced the most turbulence in 2023. This story is available exclusively to Business Insider subscribers.

Persons: —, it's Organizations: Nashville International, Durham International, Service, Business Locations: North America, Nashville, Raleigh

☆ Where China’s consumers are spending. Jefferies' top sector picks for 2024
▼ + stars: | 2023-11-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Analysts generally say that for consumers in China today, daily essentials, rather than discretionary goods, are in. Top picks Both are on Jefferies' top picks list for the China consumer in 2024. In addition to being a staple at business dinners in China, Moutai has tried to branch out with co-branding in chocolate, ice cream and coffee. But the company said it expected the Chinese market to "to return to mid single-digit growth" in coming periods. The firm analyzed 80 publicly-listed consumer companies with a majority of revenue from mainland China.

Persons: China haven't, Jefferies, they'd, Alibaba, Moutai, Gamble, It's, North America —, Andy, McKinsey's Daniel Zipser, — CNBC's Michael Bloom Organizations: OC, C, Nestle, PepsiCo, Procter, Foods, China, Pacific Sun Advisors, McKinsey Locations: China, Shanghai, Hong Kong, U.S, Wednesday's, Shenzhen, Friday's, China —, North America, Asia

☆ Snapchat isn’t just for teens anymore. Now it needs to make some real money
▼ + stars: | 2023-10-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

New York CNN —When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. At 5 million subscribers paying $3.99 per month, Snapchat+ is set to earn around $239 million in annual revenue. That subscriber number is just a fraction of its overall user base of Snapchat, which has quietly become one of the world’s fastest-growing social platforms. The sales declines come as Snapchat, like other platforms, works to update its advertising business to cope with changes to Apple’s app tracking policies. Snapchat has grown its user base by more than 10% year-over-year for the past 16 consecutive quarters.

Persons: Snapchat, Evan Spiegel, it’s, ” Jack Brody, ”, Angelo Zino, Jess Maddox, TikTok Snapchat, ” Brody, you’ve, TikTok, CFRA’s Zino, Scott Kessler, ” Snapchat, Kessler, Brody, Spiegel, “ It’s Organizations: New, New York CNN, Twitter, Facebook, CNN, “, CFRA Research, University of Alabama, YouTube, Intelligence, Meta, Apple Locations: New York, North America, United States, India, Europe, TikTok, Instagram

Ahead of the High Holidays that begin this week, a network of Jewish security experts and religious leaders hosted several webinars to help prepare for the season. Among the topics: How to respond to an “active threat” targeting the Jewish community, and how to stop severe bleeding. Over recent years — in the face of increased antisemitic threats and violence — the season also is a time of heightened vigilance. “The High Holidays are about renewal — about trying to build a better world,” said Rabbi Noah Farkas, president of the Jewish Federation of Greater Los Angeles. Earlier this month, the Orthodox Union, the largest Orthodox Jewish umbrella organization, announced a partnership with the Community Security Service, a leading Jewish security organization, to encourage more Orthodox congregation members to volunteer for security training.

Persons: ”, Noah Farkas, ” Farkas, Ryan Scott Bradford “, Martin Estrada, Farkas ’, Robert Bowers, ” —, Eric Fingerhut, —, Rosh Hashana, “ It’s, Jeffrey Abrams, Larry Mead, Mead, it's “, “, ” Mead, Mead “, Rabbi Jeffrey Myers, Rabbi Charlie Cytron, Walker, Tim Torell, ” Torell, ’ We’re, Torell Organizations: Jewish Federation of, Attorney’s, Los Angeles CSI, Reseda . Security, Jewish Federations of North, Secure Community Network, Jewish Federations of, Nationwide, Orthodox Union, Jewish, Community Security Service, Defamation League, Los Angeles, ADL Los Angeles, Los Angeles federation’s Community Security, Angeles County Sheriff’s Department, “, FBI, Jewish Federation of Northern, Lilly Endowment Inc, AP Locations: Rosh, Yom Kippur, Jewish Federation of Greater Los Angeles, Los Angeles, Reseda, U.S, Reseda ., Pittsburgh, Jewish Federations of North America, Canada, Southern California, Angeles, California, Texas, New Jersey, Jewish Federation of Northern New Jersey

☆ Barclays says electrification is a ‘mega theme’ and names the global stocks to buy
▼ + stars: | 2023-09-08 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Analysts at Barclays have identified electrification as a "mega theme" and have named several stocks set to benefit. "The electric grid plays a key electrification and energy transition role," they said. Barclays' overweight rating corresponds to a buy recommendation. Barclays is overweight-rated on General Electric despite its plans to spin off GE Vernova, which comprises its power, renewable energy, digital and energy financial services businesses, in 2024. GE expects Vernova organic revenue to rise by mid single-digits on the year, with its renewable energy division revenue up high single-digits.

Persons: — CNBC's Michael Bloom Organizations: Barclays, U.S . Department of Energy, Stock, Schneider Electric, nVent, General Electric, GE Vernova, GE Locations: U.S, North America

BOSTON (AP) — Cars are getting an “F” in data privacy. Nineteen automakers say they can sell your personal data, their notices reveal. On security, Mozilla's minimum standards include encrypting all personal information on a car. “Sensitive personal information” collected includes driver's license numbers, immigration status, race, sexual orientation and health diagnoses. Mozilla's Caltrider credited laws like the 27-nation European Union's General Data Protection Regulation and California's Consumer Privacy Act for compelling carmakers to provide existing data collection information.

Persons: —, ”, Jen Caltrider, ” Caltrider, North America —, Albert Fox Cahn, Brian Weiss, Tesla, Mozilla's Caltrider, It's Organizations: BOSTON, Mozilla Foundation, Mozilla, Renault, Dacia, North America —, Harvard's Carr, for Human Rights, Alliance for Automotive Innovation, . House, Associated Press, Alliance, Pew, Nissan, Big Tech, Facebook, ”, Data Locations: telematics, Europe, North America, U.S, Japan

☆ Most major companies admit they may be selling your personal information, a new study finds
▼ + stars: | 2023-09-06 | by ( Frank Bajak | ) www.businessinsider.com time to read: +7 min

A new study found many car companies can collect and sell your personal data, sparking privacy concerns. Most major manufacturers admit they may be selling your personal information, a new study finds, with half also saying they would share it with the government or law enforcement without a court order. Nineteen automakers say they can sell your personal data, their notices reveal. On security, Mozilla's minimum standards include encrypting all personal information on a car. "Sensitive personal information" collected includes driver's license numbers, immigration status, race, sexual orientation, and health diagnoses.

Persons: —, Jen Caltrider, Caltrider, North America —, Albert Fox Cahn, Brian Weiss, Tesla, Mozilla's Caltrider, It's Organizations: Nissan, Service, Mozilla Foundation, Mozilla, Renault, Dacia, North America —, Harvard's Carr, for Human Rights, Alliance for Automotive Innovation, . House, Associated Press, Alliance, Pew, Big Tech, Facebook, Data Locations: Wall, Silicon, telematics, Europe, North America, U.S, Japan

☆ Low water levels in Texas reveal dinosaur tracks dating back 110 million years
▼ + stars: | 2023-09-02 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +5 min

CNN —As Texas baked in record-breaking heat this summer and a growing drought pushed water levels down, a group of volunteers uncovered something sort of magnificent: new giant dinosaur tracks that are believed to be from around 110 million years ago. Paul Baker, the retail manager at Dinosaur Valley State Park, told CNN he has “never seen this many dinosaur tracks” before. It is a hotspot for dinosaur enthusiasts and tourists who typically flock the now-dry Paluxy River to fish, swim and kayak. Paul BakerThe Paluxy River usually draws tourists for fishing, swimming and kayaking, but has been bone dry in this summer's growing drought. Baker was raised in Dinosaur Valley State Park – his father was a park manager for 30 years – and now operates several businesses, including the park’s gift shop.

Persons: Paul Baker, ”, Baker, I’d, it’s, ” Baker, “, dino, ” Kuban, –, ” Read, Mead Organizations: CNN, Dinosaur, US Drought Monitor, Glen Kuban, Society, Master Naturalists, North America — Locations: Texas, Dallas, Dinosaur, Kuban, Dinosaur Valley, North America, ”, Iraq

☆ Nestron's shipped its wildly popular futuristic 275-square-foot prefab tiny home to North America — see inside the $96,000 unit
▼ + stars: | 2023-08-07 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Singapore-based Nestron sent its tiny home to Surrey, Canada, marking its first North American shipment. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It's hard to miss the renderings of Nestron's futuristic prefabricated tiny homes, which the company has promised will be equipped with an artificial-intelligence system, built-in furniture, and more for generally under $100,000. But for most North American customers, these homes have been nothing more than a rendering. In April, Nestron and its Surrey, Canada dealer opened the doors to the company's first shipment to North America: the Legend Two.

Persons: Nestron, you've Organizations: Service Locations: Singapore, Surrey, Canada, Wall, Silicon, American, Nestron, North America

☆ 27,000-year-old pendants crafted from the skin of extinct giant sloths could help rewrite the human history of the Americas
▼ + stars: | 2023-07-15 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Researchers found what appeared to be pendants made from the now-extinct giant sloth. It suggests humans lived in South America thousands of years earlier than previously thought. "It's very likely that multiple waves of people came to Americas," she said, according to The AP. Giant ground sloths could reach 13 feet long, weighed more than a thousand pounds and were equivalent in size to an Indian elephant. It walked on all fours and was one of the largest creatures in South America, per the report.

Persons: Mirian Liza Alves Forancelli Pacheco, Jeffrey Greenberg, Briana, paleoanthropologist Organizations: Service, Royal Society B, Royal, North America, Federal University of Sao, Associated Press, Universal, AP, Smithsonian Institution's National, of Locations: South America, Wall, Silicon, Siberia, Alaska, South, North, Federal University of Sao Carlos, Brazil, Florida, Americas, Washington

☆ Nestron's wildly popular futuristic 275-square-foot prefab tiny home has arrived in North America — see inside the $96,000 unit
▼ + stars: | 2023-05-28 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Singapore-based Nestron's tiny home has arrived in Surrey, Canada, its first North American shipment. Loading Something is loading. It's hard to miss the renderings of Nestron's futuristic prefabricated tiny homes, which the company has promised will be equipped with an artificial intelligence system, built-in furniture, and more for generally under $100,000. But for most North American customers, these homes have been nothing more than a rendering. In April, Nestron and its Surrey, Canada dealer opened the doors to the company's first shipment to North America: the Legend Two.

☆ Agco CEO says food inflation is here to stay, even if the war in Ukraine ends tomorrow
▼ + stars: | 2023-05-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CEO Eric Hansotia of agriculture-machinery manufacturer Agco told CNBC's Jim Cramer on Friday that elevated grain prices — and the high cost of food — will persist, even if Russia's invasion of Ukraine ended tomorrow. Both Russia and Ukraine serve as major global grain suppliers, with the latter often referred to as the "breadbasket of Europe," and so when the war broke out in February 2022 it sent the world's food supply chain into turmoil. Coupled with climate issues — namely droughts across Europe and North America — the food supply chain disaster spurred by the Russia's invasion is not likely to fade anytime soon, according to Hansotia. Despite grain supply chain issues, Agco — which sells big-ticket agriculture equipment like tractors and combines — recently reported a successful quarter. "The stocks-to use-ratio — essentially how much grain is in the market — has been coming down for six years in a row," Hansotia told Cramer.

CNN —Environmental groups are suing the Federal Aviation Administration in federal court over SpaceX’s launch of its massive Starship rocket last month. ‘All kinds of environmental harm’Ahead of the launch on April 20, the FAA issued a finding that the launch would have no significant impact on its surrounding environment. Margolis told CNN that the SpaceX explosion proves the groups’ legal argument that the FAA erred in its decision-making. The FAA’s roleThe FAA licenses commercial rocket launches and gave the green light for the SpaceX launch attempt after more than a year of back-and-forth. When asked about potential legal backlash from environmental groups on Saturday, Musk was defiant.

☆ As possible Social Security benefits cut looms, GOP senator says lawmakers are working on a 'big idea' fix
▼ + stars: | 2023-04-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Nicholas Kamm | AFP | Getty ImagesSocial Security's trust funds have a new projected depletion date that is about a decade away. The idea calls for creating an investment fund separate from Social Security and allowing the investment to earn returns over a period of 70 years, Cassidy said. It would target the Social Security trust funds' biggest weakness, which is that it has "the absolute worst investment strategy you could have right now," Cassidy said. 'Big idea' inspired by private pensionsThe idea for investing Social Security's funds in the market is inspired by private pension funds, which already buy securities outside of Treasurys. Possible changes to fix Social Security generally include tax increases, benefit cuts or a combination of both.

☆ Three under-the-radar ways to play the global electric vehicle boom from Jefferies
▼ + stars: | 2023-03-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

There's more than one way to tap into the global electric vehicle boom. In fact, Jefferies has three under-the-radar plays that include a welding equipment maker. LECO YTD mountain Lincoln Electric shares YTD For Lincoln Electric, the surge in electric vehicle interest will boost its automotive and transport business, which makes up 17% of its sales, according to Jefferies. Lincoln Electric is a maker of welding equipment and products, but last year it also launched an initiative to design and manufacture EV chargers for the domestic market. Meanwhile, chemicals firm Graco is also dealing with sealing and bonding applications for electric vehicle battery pack and module assembly.

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