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☆ Toyota could introduce electric, plug-in Tacoma and Tundra pickups
▼ + stars: | 2024-03-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Toyota has previously discussed a broad lineup of battery-electric vehicles , or BEVs, including a midsize pickup model like the segment-leading Tacoma. The latest conversations have introduced the potential for plug-in hybrid vehicles, or PHEVs. Whether it be Tundra, Tacoma or something else in addition to the lineup," Hollis told CNBC on Tuesday during the New York Auto Forum conference. NEW YORK — Toyota Motor is evaluating an expansion of its U.S. truck lineup that could include all-electric or plug-in hybrid electric versions of its Tacoma and Tundra pickups. There are not any plug-in hybrid electric pickups currently on sale in the U.S. Stellantis' Ram brand is expected to release an "extended-range" plug-in vehicle with an electric generator powering an engine later this year.

Persons: BEV, Hollis, Jack Hollis, Stellantis, Biden, Muñoz Organizations: Toyota, U.S, Reuters, CNBC, New York Auto Forum, Toyota Motor North, Tacoma, Hyundai, Wednesday Locations: Kentucky, Thailand, Tacoma, Toyota Motor North America, U.S, Georgia

☆ Wall Street just can't get enough of Nvidia
▼ + stars: | 2024-02-16 | by ( George Glover | Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Wall Street's excitement about Nvidia has reached a fever pitch as its valuation soars. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementExcitement on Wall Street about Nvidia is reaching a fever pitch after the chipmaker’s market value surpassed both Amazon and Google owner Alphabet this week. Nvidia is set to report its earnings for the final three months of 2023 on Wednesday. “If AI is the next industrial revolution, then absolutely we could see Nvidia’s valuation surge continuing,” Katherine Brooks of online broker XTB, told Business Insider.

Persons: Ray Dalio, Paul Tudor Jones, David Tepper, —, Ray Dalio’s, Kenneth Fisher’s Fisher, Jim Chanos, Steve Cohen’s Point72, It’s, Jensen, ” Katherine Brooks, XTB Organizations: Nvidia, Carolina Panthers, Service, Google, Traders, Reuters, Ray Dalio’s Bridgewater Associates, Kenneth Fisher’s Fisher Investments, Paul Tudor Jones ’ Investment Corp, Big Tech

☆ Russia has used North Korean missiles at least 9 times against Ukraine, US diplomat says
▼ + stars: | 2024-02-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

A US diplomat accused Russia of using North Korean ballistic missiles at least 9 times in Ukraine. Robert Wood said Russia and North Korea "must be held accountable for their actions." South Korea has accused the North of using Ukraine as a "test site" for nuclear-capable missiles. AdvertisementRussia has fired North Korean ballistic missiles against Ukraine at least nine times, according to a US diplomat. "To date, Russia has launched DPRK-supplied ballistic missiles against Ukraine on at least nine occasions," he said, using the acronym for the Democratic People's Republic of Korea, as North Korea is officially known.

Persons: Robert Wood, — Organizations: Korean, Service, US, Political Affairs, UN, UN Security, Reuters, Democratic People's, Business Locations: Russia, Ukraine, North Korea, Korea, Korean, Democratic People's Republic of Korea

☆ Israeli held hostage by Hamas describes bleak conditions in their tunnels: one shower a week and constant hunger
▼ + stars: | 2024-02-03 | by ( Thibault Spirlet | Spriha Srivastava | ) www.businessinsider.com time to read: +3 min

A freed Israeli hostage held in Hamas tunnels described her 55-day captivity to Business Insider. "I know for a fact that it's getting worse and worse and worse every day," she said of those left. AdvertisementAn Israeli hostage held underground by Hamas said the conditions in the tunnels were so bad that she would always be hungry and got to shower only once a week, with cold water. Nili Margalit, 41, was taken hostage during Hamas' October 7 terrorist attacks on Israel. ReutersRelatives of the hostages have held protests, calling on Israeli authorities to do more to release their loved ones.

Persons: Nili Margalit, —, Margalit, Insider's Spriha Srivastava, Noam Peri, Haim Peri, Peri, Benyamin Netanyahu Organizations: Service, Reuters, Economic, Jerusalem Post Locations: Israel, Davos, Switzerland, Jerusalem

☆ The US ramped up arms exports by more than 50% in 2023, cutting into Russia's own weapons trade: Politico
▼ + stars: | 2024-01-30 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

The US increased its arms exports by more than 50% in 2023, compared to 2022, while also damaging Russia's own defense trade, Politico reported . In a fact sheet citing the numbers, the Department of State specified that arms exports rose to $80.9 billion in 2023, a 55.9% increase from $51.9 billion in 2022. "We see that because Russia's defense industry is denied the resources that come from exports, that helps to contribute to Russian strategic failure on the battlefield," she said. Resnick cited a $1.8 billion arms deal that the US struck with India last year, and "real tough decisions" in Global South countries about abandoning Russian equipment. Since the early 2010s, Russian arms exports have declined in part due to China and India's efforts to ramp up their own domestic arms production, along with earlier Western sanctions packages meant to dissuade third countries from buying Russian weapons.

Persons: Mira Resnick, Resnick Organizations: Politico, NATO, Department of State, Reuters, State Department, Department's Office, Regional Security, Stockholm International Peace Research Institute, Center for Strategic, International Studies Locations: Ukraine, Germany, Poland, Moscow, India, Global South, Stockholm, China, Russia

☆ Russia really wants to stop Ukraine using Elon Musk's Starlink satellites
▼ + stars: | 2024-01-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +8 min

Russia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, analysts said. AdvertisementRussia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, according to space warfare analysts. Since the start of the war, Russia has been using jamming systems to try and deny Ukrainian forces access to commercial satellites. Because Starlink satellites are closer to Earth, latency — the delay between a user's action and a response on the network — is shorter. She said Starlink satellites are both "resilient" and "agile," with Starlink operators constantly updating their software to overcome Russian attacks.

Persons: Elon Musk's, It's, —, Brian Weeden, Weeden, MADS CLAUS RASMUSSEN, Kari Bingen, Bingen, Sauli Niinisto, Joe Biden, Elon Musk, Starlink, ї Bingen, Сили Спецальних Операцй ЗС Украни Organizations: Elon, Service, Russia, Business, SpaceX, Aerospace Security, International Security, Center for Strategic, International Studies, CSIS's Aerospace Security, Viasat, Reuters, Pentagon, Space Watch, The Washington Post, KU, Ukraine's Special Forces, Telegram Locations: Russia, South Funen, Denmark, Ukraine, American, Europe, Finland's, Kaliningrad, Finland, NATO, Russian, Leer, Ukrainian, Ukraine's Donetsk

☆ NATO vastly underestimated Russia's ability to resupply its army with troops and ammo, general says
▼ + stars: | 2024-01-25 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

NATO has vastly underestimated Russia's capabilities, a top general said. AdvertisementNATO has significantly underestimated Russia's capacity to replenish its armed forces with personnel and ammunition, a senior general said. AdvertisementIn September 2023, an unnamed Western official warned of Russia's ability to make two million artillery shells a year, per Reuters . And Christopher Cavoli, the commander of US European Command, said in April 2023 that despite significant losses in Ukraine, Russia's ground forces were bigger than when it invaded Ukraine. AdvertisementAs recently as Tuesday, NATO Secretary General Jens Stoltenberg said the war in Ukraine had become a "battle for ammunition."

Persons: Martin Herem, —, Herem, Sir Tony Radakin, Christopher Cavoli, Jens Stoltenberg, Volodymyr Zelenskyy, Zelenskyy Organizations: NATO, Bloomberg, Service, Estonian Defense Forces, Financial Times, UK Ministry of Defence, European Command, Congress, Davos, Business, Russian Federation Locations: Russia, Ukraine

☆ Hamas inflicted a huge loss on Israel, killing 21 soldiers with a single devastating RPG shot
▼ + stars: | 2024-01-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Hamas killed 21 Israeli soldiers with a single RPG shot on Monday, an IDF spokesperson said. The shot likely set off explosives the IDF soldiers had laid, the official said, causing a bigger blast. AdvertisementHamas inflicted a huge loss on Israel on Monday, killing 21 soldiers with a single rocket-propelled grenade, according to an Israeli official. AdvertisementAs well as those 21 deaths, three further IDF soldiers were killed Monday, Israel said. Around 550 IDF soldiers have died since Hamas' terror attacks on Israel on October 7, per the IDF website.

Persons: —, Daniel Hagari, i24News, Hagari, Israel, Isaac Herzog, Benjamin Netanyahu Organizations: Service, Israel, Israel Defense Forces, The Times, Reuters, IDF Locations: Gaza, Kissufim, Israel

☆ IPO watchers are pinning hopes for recovery on a strong stock market and the AI boom
▼ + stars: | 2024-01-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

Yet the main IPO ETF, the Renaissance Capital IPO ETF ( IPO ), has been for sale most of the month. "For the IPO market to open up, it would help not to have our IPO ETF down 9%," he said. Forge Global maintains a Private Market Index , a measure of 75 late-stage pre-IPO companies. "This tells you valuations are getting reset in the private market," Ng told me. Can AI save the IPO market?

Persons: Matt Kennedy, Homebuilder Smith Douglas, Don Short, Salomon, Wilson, Howe Ng, Ng, Del, Waystar, Kim Kardashian's, Short, Vincent Harrison Organizations: Renaissance Capital, Nasdaq, Amer Sports, Arc'teryx, Forge, SEC, Companies, Reuters, Auto, Turo, CNBC, Microsoft, Gaming, SpaceX, Forge Global Locations: Kazakhstan, IPOs, Pitchbook

☆ Tesla is taking the Cybertruck on a tour of China — but it won't be on sale
▼ + stars: | 2024-01-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla is taking the Cybertruck on a tour of China, per a company WeChat post reported by Reuters. However, it's unlikely to be on sale in China soon, with Elon Musk saying it'll be hard to make legal. It comes as Tesla tries to fight off a new wave of competition from Chinese EV makers such as BYD. Elon Musk's company is taking the Cybertruck on a tour of China to show off its futuristic pickup, according to a company post on WeChat reported by Reuters . Elon Musk has previously hinted at the plan, posting on X on Sunday that Tesla could ship some Cybertruck prototypes to China for display.

Persons: Tesla, Elon Musk, —, Elon, Frederic J . Brown, Warren Buffett, Xiaomi, Musk Organizations: Reuters, Service, Elon Musk's, Geely, Huawei, New York Times, Business Locations: China, North America, AFP

☆ Israel will allow more aid into Gaza in exchange for medicine deliveries to hostages, Qatar says
▼ + stars: | 2024-01-17 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Hostages will receive medicine while more aid will be allowed into the besieged Gaza strip, Qatar says. AdvertisementIsrael will allow more humanitarian aid into Gaza in exchange for medicine to be delivered to over 40 of the hostages, Qatar and France announced Tuesday. The medications will be transported from Qatar to Egypt on Wednesday to prepare for transport into the Gaza Strip, per Qatar's MFA. The families of said hostages have repeatedly demanded that medical aid be provided to their loved ones. Human rights groups and UN experts say that Israel is withholding food and medical aid during the conflict.

Persons: —, Axios Organizations: Service, France, Qatari Ministry of Foreign Affairs, CNN, IDF, Reuters, UN, Resources Locations: Qatar, France, Israel, Gaza, Egypt

☆ Elon Musk called Tesla's Sweden strike 'insane' — now it's spreading to Denmark
▼ + stars: | 2023-12-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla faces a wave of strikes in Sweden, with unions calling for better pay and benefits. Elon Musk called the strikes, which have disrupted deliveries, "insane" in a post on X. Now they are spreading to Denmark, with Danish dockworkers also refusing to unload Tesla's EVs. AdvertisementTesla is embroiled in a growing battle with unions in Europe after the wave of strikes impacting the company in Sweden spread to Denmark. AdvertisementNine other Swedish unions have joined the strike in solidarity, with dockworkers refusing to unload Tesla's cars at ports and electricians refusing to repair the company's charging stations .

Persons: Tesla, Elon Musk, Danish dockworkers, —, Jan Villadsen Organizations: Danish, Service, Reuters, Sweden's Transport Agency, Denmark aren't, United Auto Workers, UAW, Business Locations: Sweden, Denmark, Europe, Danish, Swedish, Sweden's

☆ Desperate families of hostages held in Gaza are losing hope after a cease-fire deal with Hamas was delayed
▼ + stars: | 2023-11-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Families of hostages held in Gaza say they fear their relatives may not be released, per reports. "We don't know who's going to come out," the aunt of a hostage told The New York Times. AdvertisementThe families of the hostages held by Hamas face an agonizing wait to hear about their potential release after a cease-fire deal with Israel was delayed. AdvertisementThe cease-fire will be extended by one day for every 10 hostages released by Hamas, the Israeli government said in a separate press statement . We don't know who's going to come out," Schem told the outlet.

Persons: Israel, —, Itay Raviv, it's, Keren Schem, Mia Schem, Schem, Yael Engel Lichi Organizations: New York Times, Service, Guardian, Hamas, Business, Reuters, Wall Street Journal, Israel's, Qatar Locations: Gaza, Israel, French

☆ Chinese electric car maker BYD is about to steal Tesla's crown. Here's why it's winning the race.
▼ + stars: | 2023-11-18 | by ( Nathan Rennolds | George Glover | ) www.businessinsider.com time to read: +6 min

China is the world's electric vehicle leader, with 64% of total production and 59% of global EV sales in 2022, according to the World Economic Forum. One of its biggest EV producers, BYD , looks set to topple Tesla's position as the world's top seller of electric cars. AdvertisementCheaper EVsTesla sells just four cars – the Model S and Model 3 sedans, and the Model X and Model Y SUVs. Advertisement"2023 is set to be another banner year for China in terms of EV sales," the data company said. Seeing BYD overtake Tesla in the EV race may not bring any festive cheer for Elon Musk this holiday season.

Persons: Tesla, —, Tesla's, BYD, Elon, John Keeble, Seth Goldstein, that's, Goldstein, Teslas, Musk, Morgan Stanley, Lin Shanchuan, China's, Mazzocco, Morningstar's Goldstein, Stella Li Organizations: Service, Economic, EV, Elon Musk's, Yuan, Battery, Center for Strategic, International Studies, Getty, Tesla Beijing, Rho, Reuters, Bloomberg Locations: China, Shanghai, Washington ,, Fujian, Xinhua, Norway, America

☆ One in 5 teens who have heard of ChatGPT say they've used it for schoolwork, study finds
▼ + stars: | 2023-11-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

A Pew Center study found that one in five teens who have heard of ChatGPT have used it for schoolwork. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With around two-thirds of US teenagers having heard of ChatGPT, that is a lot of kids using OpenAI's chatbot to help write essays and solve math problems. ChatGPT is so popular among students right now that its US traffic dropped by over 10% when schools finished for summer. AdvertisementIts growing presence in classrooms has fuelled fears of a cheating epidemic, with another survey conducted earlier this year finding that one in four teachers say they have caught their students cheating using ChatGPT.

Persons: —, ChatGPT, OpenAI, Brad Lightcap Organizations: Pew, Reuters, Service, San, Business Locations: San Francisco

☆ Video shows Israeli armored vehicles clearing paths into Gaza ahead of a likely ground invasion
▼ + stars: | 2023-10-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

The footage shows Israeli armored vehicles clearing paths into northern Gaza. The paths will likely be used by the Israeli Defense Forces to invade Gaza. AdvertisementAdvertisementIsraeli armored vehicles have cleared paths into Gaza ahead of a likely ground invasion, according to a video shared by the Israel Defense Forces (IDF). The footage shows dozens of armored vehicles clearing dirt piles and constructing several paths near the border fence between Gaza and Israel. X/@IDFOSINT Defender said the paths "will likely be used" by the IDF in their upcoming ground invasion.

Persons: —, oMdSDR84rU, OSINT, Benyamin Netanyahu Organizations: Israeli Defense Forces, Service, Israel Defense Forces, IDF, Caterpillar, Puma, Israel's, Israel's Defense, Wall Street, Military, Hezbollah, Islamist Locations: Gaza, Israel, Israeli, Northern Gaza, Lebanese

☆ Where we stand on Nvidia's latest China update and its potential foray into a new processor market
▼ + stars: | 2023-10-24 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

The company commands a dominant position in the market for chips used in AI model training. But the question that still lingers in our minds is whether that growth can be substantial enough to meet the lofty, multiyear expectations that became baked into Nvidia's stock price in recent months. Based on the Reuters report, the potential boost to revenue wouldn't arrive for more than a year, and it's unclear what Nvidia's market share would look like then. Another reason for tempered enthusiasm: The gross margins on PC CPUs are typically smaller than Nvidia's data-center chips, a market in which the company has pricing power. Bottom line Nvidia's potential foray in PC CPUs is a development that we'll continue to monitor, but it doesn't put to rest longer-term questions around China.

Persons: Jim Cramer, Jim, Biden, Washington's, Grace Hopper superchip, it's, doesn't, Jim Cramer's, Tyrone Siu Organizations: Nvidia, of Commerce, Reuters, Microsoft, Arm Holdings, Intel, Devices, AMD, Bank of America, Apple, Qualcomm, CNBC, Nvidia Corporation Locations: China, Silicon Valley, U.S, Taipei, Taiwan

☆ Israel Launches PR Offensive As It Counters Hamas
▼ + stars: | 2023-10-17 | by ( Jack Newsham | Katherine Long | ) www.businessinsider.com time to read: +6 min

Israel has dropped 6,000 bombs on Gaza since October 7 after a Hamas attack killed 1,300 Israelis. "Armed Hamas terrorists infiltrated into Israel via a ground invasion and started going door to door slaughtering innocent Israelis. In the 10 days since the Hamas terrorist attacks, Israel has dropped roughly 6,000 bombs on Gaza . AdvertisementAdvertisementMore than 1,300 people died in Hamas' initial attack on Israel Oct. 7, which also injured 2,800 others, officials said. TikTok didn't respond to an emailed request for comment.

Persons: Israel, —, they're, Israeli Defense Forces didn't, TikTok, It's, didn't, Rovio Organizations: Service, of Foreign Affairs, YouTube, Angry, Apple, ISIS, Google, Ad, European Union, Reuters, Israeli Defense Forces, Hacker News, Twitter, Facebook Locations: Gaza, Israel, United States, United Kingdom, Washington ,, Europe, Finnish

☆ A mediator who worked on a 2011 Israeli prisoner exchange says Hamas' hostage-taking is 'unprecedented': 'What do they even do with them now that they have them?'
▼ + stars: | 2023-10-16 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Gershon Baskin helped secure the release of an Israeli soldier from Hamas in 2011. He says Hamas' hostage-taking campaign is "unprecedented," per The Wall Street Journal. AdvertisementAdvertisementA mediator who helped negotiate the 2011 exchange of an Israeli soldier said Hamas' hostage-taking in its recent terror attacks was "unprecedented" due to the sheer number of people involved, according to The Wall Street Journal . "It's unprecedented, there's no doubt," Gershon Baskin, the Middle East director for International Communities Organization, a UK-based peace-building NGO, told the newspaper. Baskin, an American-Israeli peace activist, helped secure the release of Israeli soldier Gilad Shalit from Hamas in 2011.

Persons: Gershon Baskin, —, Baskin, Gilad Shalit, He's, Abu Ubaida, Israel Organizations: Street, Service, Wall Street, International Communities Organization, Israel Defense Forces, Department, West Bank, Hamas Locations: Gaza, Israel, American

How GLP-1 drugs work Sorting through the facts reveals some likely winners and losers. LLY YTD mountain Eli Lilly shares year to date performance It is still early days for GLP-1 medications. Many have seen the rise of GLP-1 drugs as a threat to the medical device industry. Also, not all patients are able to tolerate GLP-1 drugs, which can cause side effects such as nausea. Among other medtech stocks, Plovanic sees GLP-1 drugs as an "incremental positive" for Dexcom, which makes continuous glucose monitors (CGMs), but an "incremental negative" for insulin pump makers like Insulet.

Persons: Insulet, Medtronic, Dexcom, BAX, NASH, Eli Lilly, Peter Verdult, Lilly, Eli Lilly aren't, Piper Sandler, Wegovy, Yasmeen Rahimi, Robbie Marcus, Marcus, hasn't, Baxter, David Low doesn't, William Plovanic, Craig Wong, Pan, Plovanic, Matt O'Brien, O'Brien, Rippling, Simeon Gutman, Morgan Stanley, Gutman, — CNBC's Michael Bloom Organizations: Novo Nordisk, Baxter International, Baxter, GLP, Citi, Novo, Bank of America, Viking Therapeutics, Pharmaceuticals, Pfizer, Amgen, Companies, Fisher, Reuters, Inspire, Systems, JPMorgan, RBC Capital, Walmart, underperformance Locations: GLP, U.S, DaVita, ResMed

☆ These 5 Club stocks have defied the S&P 500's recent slide
▼ + stars: | 2023-09-25 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

September has been unkind to stocks – living up to its historical reputation as the weakest month for the S & P 500 . Still, some Club stocks have been able to buck the downward trend since the start of the month — and none more so than Humana (HUM). The health insurer advanced 7.3% through Friday's close, putting it among the top-10 performing stocks in the S & P 500 over that stretch. In a year largely characterized by outperformance in technology stocks, health care has been one of the worst S & P 500 sectors . The stock entered Monday's session down more than 11% in 2023, the third-worst of any Club stock.

Persons: Jim Cramer, Jim, Centene, Molina, it's, Ford's outperformance, –, Shawn Fain, Ford, Honeywell's outperformance, Vimal, Morgan Stanley, Kupar, Darius Adamczyk, Jim Cramer's Organizations: Federal Reserve, Treasury, CVS Health, Molina Healthcare, McKesson Corp, Humana, Costco Wholesale, Ford, Costco, Club, Detroit, General Motors, Chrysler, United Auto Workers, GM, UAW, Reuters, Honeywell International, Meta, Street Journal, Morgan, CNBC, New York Stock Exchange, View Press, Getty Locations: Friday's, Kupar, New York

☆ Softbank is planning to invest in OpenAI, report says, after Masayoshi Son said he uses ChatGPT every day
▼ + stars: | 2023-09-18 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Boss Masayoshi Son has been very enthusiastic about the chatbot, telling investors he uses it daily. The Japanese giant's Vision Fund is going on the offensive over AI despite some high-profile losses. The potential investment comes after boss Son told Softbank shareholders he was "chatting with ChatGPT everyday," in comments reported by Reuters . Son has also met with OpenAI boss Sam Altman in recent months, and told Softbank investors in June that he speaks to the AI startup boss "almost everyday." OpenAI and Softbank did not immediately respond to requests for comment from Insider, made outside regular US working hours.

Persons: Boss Masayoshi, Masayoshi, Son, ChatGPT, Sam Altman, Jesus, Yoda, Softbank Organizations: Financial Times, Service, Reuters, Wall Street, Vision, ARM Locations: Wall, Silicon, OpenAI, British

☆ Asia markets to fall ahead of Japan inflation data; China's Evergrande files for bankruptcy
▼ + stars: | 2023-08-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images) Prisma By Dukas | Universal Images Group | Getty ImagesAsia-Pacific markets are set to fall on Friday ahead of Japan's July inflation data and fresh blows to China's real estate sector. Embattled Chinese real estate giant Evergrande has reportedly filed for bankruptcy protection in a U.S bankruptcy court. Futures for Hong Kong's Hang Seng index stood at 18,147, pointing to a weaker open compared to the HSI's close of 18,326.63. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,067 compared to the last close of 7,146.

Organizations: Getty, Dukas, Reuters, Futures, Nikkei Locations: Japan, Tokyo City, Tokyo, Asia, Pacific, U.S, United States, Chicago, Osaka, Australia

☆ Near miss between private jet and Southwest flight sparks investigations, report says
▼ + stars: | 2023-08-13 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A near miss between a Southwest Airlines flight and a private jet has kickstarted two investigations. A Cessna jet was cleared to land on the same runway where a Southwest plane was taking off, per Reuters. A near miss between a Southwest Airlines flight and a private jet where the two planes came within 100 feet of one another on a San Diego runway has sparked investigations from two US authorities. The pilot captaining the Cessna jet aborted the landing after receiving an alert from the plane's surface surveillance system, the FAA said. The Cessna jet passed over Southwest's Boeing 737 by around 100 feet, Reuters reported, citing a source briefed on the matter.

Persons: Pete Buttigieg Organizations: Southwest Airlines, Cessna, Reuters, Morning, Federal Aviation Authority, FAA, National Transportation, San Diego International Airport, Boeing, NTSB, Southwest, Transport Locations: San Diego

Palm oil prices have fallen some 49% from last year's record, but the tight supply means they are expected to stay above pre-pandemic levels. Another palm oil giant, Kuala Lumpur Kepong Bhd (KLKK.KL), told Reuters it plans to replant 10,000 hectares this year, up from a lower-than-usual 6,000 hectares in 2022. The scheme targeted replanting of 2.4 million hectares but only managed to replant around 278,000 hectares by February, partly due to land legality issues. We are ageing faster than we are replanting," Malaysia Palm Oil Association chief executive Joseph Tek told Reuters. In Malaysia, replanting costs doubled to around $4,500 per hectare after the pandemic inflated prices of fertiliser and labour.

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