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☆ Tesla has a big competitor. And it is China’s BYD
▼ + stars: | 2024-04-03 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +4 min

In 2023, Tesla sold around 230,000 more cars than BYD. That drop was big enough for Tesla, which sold 386,810 BEVs in the same period, to retake its former position despite posting plunging sales. Both Tesla and BYD are expanding beyond their home markets and investing in factories abroad. BYD sold about 3 million electric cars, including hybrids, in 2023 globally. By comparison, Tesla, which does not sell hybrids, delivered a total of 1.8 million vehicles worldwide last year, which was about 19% of the global market for BEVs.

Persons: Hong Kong CNN —, Wang Chuanfu, It’s, Murthy Grandhi, BYD, Tesla Organizations: Hong Kong CNN, Tesla, Toyota, French PSA Group, Fiat Chrysler Automobiles, Chrysler, Maserati, Peugeot, BMW, Ford, Benz, Ferrari, Yuan, Rho, BEVs Locations: China, Hong Kong, Shenzhen, London, United States, American, Shanghai, California, Canada, European

☆ China's BYD is the world's biggest electric car maker — but it's not coming to America anytime soon
▼ + stars: | 2024-03-09 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Read previewJapanese and Korean carmakers cracked the US market long ago — but don't expect Chinese EV seller BYD to repeat that feat. Advertisement"It'd be very difficult for a Chinese EV maker to enter the US market," Seth Goldstein, an equity strategist at Morningstar, told Business Insider. The bill, a key part of US President Joe Biden's economic agenda, offers tax credits worth up to $7,500 for EV makers, excluding any "Foreign Entity of Concern." BYD isn't the only company turning its back on the US EV market. Given that EV sales growth is stalling in US, it's perhaps little wonder companies like BYD are not too bothered.

Persons: —, There's, Tesla, We're, Stella Li, BYD, Seth Goldstein, I'm, Suzuki, Jim Farley, Will Roberts, Goldstein, Roberts, Joe Biden's, Joe Biden, Demetrius Freeman, Rho Motion's Roberts, you'd, Li, carmakers Organizations: Service, Yahoo Finance, Business, Morningstar, Toyota, Motors, Nissan, Mazda, Lexus, Honda, Mitsubishi, Korea's Hyundai, Kia, North, Ford, EV, Rho, Energy, Treasury, Washington Post, Cox Automotive, Apple Locations: Korean, North America, —, China, North American, Russia, Iran, North Korea, Brazil, Thailand, Americas, Asia, South America

☆ Earnings season is like 'March Madness' for options traders. Here are some basic strategies
▼ + stars: | 2024-01-29 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Say the premium is $2 on that $195 strike heading into earnings and I am sitting on 100 shares (remember every options contract represents 100 shares). If, however, shares hit the $195 strike, then I am, as the seller of that option contract, obligated to sell my shares at $195. To implement this strategy, you would sell a put at a higher strike price and then purchase another put as insurance at a lower strike price. In this case, we would be laying out $2 (paying $3 to buy the $195 strike and collecting $1 by selling the $190 strike). There are two high-level factors that determine an options price, intrinsic value and time value.

Persons: Jim Cramer's, It's, we'll, you'll, I've, it's, they're, we're, we've, We've, Jim Cramer, Steve Jobs, Tim Cook, Vega, Jim, Spencer Platt Organizations: CNBC, Jim Cramer's Charitable Trust, Club, Nvidia, New York Stock Exchange, Getty Locations: Delta, New York City

☆ A woman raised $42,000 on GoFundMe saying she was a victim of a brick attack. Police allege she lied.
▼ + stars: | 2024-01-21 | by ( Matthew Loh | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +9 min

A woman in Houston raised $42,000 off her claim that a man attacked her with a brick. Police said they have video evidence, but Osman told Business Insider the officers are lying. Osman told BI that she believes the police filed charges against her in retaliation for her reporting one of the officers who handled her case. Osman told BI that her friend made it for her because she wanted to help. Advertisement"There's no such thing as a perfect victim," Osman told BI.

Persons: Roda Osman, she's, Osman, —, — Osman, Roda, GoFundMe, Douglas Organizations: Police, Service, Business, The Houston Police Department, BI, Houston Police Locations: Houston, Minneapolis

☆ Tech giants lead surge in global mega-caps as inflation eases
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Apple Inc's (AAPL.O) market value jumped 11.2% to $2.95 trillion over the past month, while Microsoft Corp (MSFT.O) saw a 12.1% increase in its market cap, reaching $2.8 trillion. Reuters Graphics Reuters GraphicsNvidia Corp's (NVDA.O) market cap soared 14.7% to $1.15 trillion, following its announcement of a 206% year-over-year revenue increase to $18.1 billion in the third quarter. JPMorgan Chase & Co (JPM.N) saw its market cap increase by 12.2% to $451 billion by the end of November. In other sectors, Tesla Inc's (TSLA.O) market value rose nearly 20% to $763.2 billion last month, following a price hike for its Model 3 and Y vehicles in China. Saudi Arabian Oil Co (2222.SE) and Exxon Mobil Corp (XOM.N) saw market caps fall by 0.3% and 2.9%, respectively.

Persons: Mike Segar, Tesla, Patturaja Murugaboopathy, Gaurav Dogra, Kim Coghill Organizations: Apple Inc, Apple, REUTERS, Microsoft Corp, Reuters Graphics Reuters, Nvidia, JPMorgan Chase &, Rho, Saudi Arabian Oil Co, Exxon Mobil Corp, Thomson Locations: Manhattan , New York, U.S, China, Saudi, Bengaluru

☆ 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

☆ Global EV sales stay strong, China hits record despite end of subsidies
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Edgar Su/File Photo Acquire Licensing RightsNov 14 (Reuters) - Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion. EV sales in China, the world's largest auto market, increased 29% year-to-date in September. The global EV market showed 34% growth in the same period. "This (subsidies) is an important factor in the German market as nearly two-thirds of passenger car registrations are commercial," the market research firm said. EV sales in North America were up 78% so far this year.

Persons: Edgar Su, Tesla, Mercedes Benz, Arsheeya, Paul Lienert, Shounak Dasgupta Organizations: REUTERS, Rho Motion, EV, Rho, Volkswagen, Cox Automotive, Thomson Locations: Singapore, China, Germany, North America, American, Bengaluru, Detroit

☆ Researchers investigating a medieval burial site found Christian symbols tattooed on one of the bodies' feet
▼ + stars: | 2023-10-23 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

Researchers recently discovered a rare Christian tattoo while studying a medieval site in Sudan. The tattoo was found on the top of the foot of a body found at a nearby burial site. AdvertisementAdvertisementArcheologists studying a burial site near a medieval monastery spotted a rare find when examining one of the bodies: the faint remains of a series of Christian symbols tattooed on the person's foot. The researchers released images of the tattoo taken with a full-spectrum camera and digitally enhanced to show the outline of the early Christian symbols. AdvertisementAdvertisementThe team was investigating the Ghazali monastery, a well-preserved archeological site located in Sudan, according to the University of Warsaw's statement.

Persons: —, Kari A, Ghazali, Guilbault, bioarchaeologist Robert Stark, LiveScience, Jesus, Stark Organizations: Alpha, Omega, Service, Purdue University bioarchaeologist, University of Warsaw, Rho, University of, Sudanese, Polish, of Locations: Sudan, Polish

☆ Veterans from Tesla, Northvolt hatch plan to mass-produce huge batteries to store solar and wind energy
▼ + stars: | 2023-10-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The mountains of Colorado in the background inspired the name of the company, Peak Energy. We're completely the opposite," Cameron Dales, president and chief commercial officer of Peak Energy, told CNBC in a video interview Friday. 1 issue we face as it relates to expanding renewable energy sources is storage," Reichow told CNBC. "We're running a playbook which I and the rest of the executive team initially demonstrated and deployed at Northvolt," Mossburg told CNBC. "Landon and I worked together at Tesla and I know what he's capable of delivering," Reichow told CNBC.

Persons: Cameron Dales, Landon Mossburg, We're, Greg Reichow, Reichow, Ryan Gibson, Aidan Madigan, Curtis, Cameron, Mossburg, Northvolt, Peter Carlsson, Rho Kana, Enovix, Anil Achyuta, Landon, Tesla, Cam, It's, Alun Thomas, Dales Organizations: Peak Energy, Energy Battery, Energy, CNBC, Eclipse, Tesla, TDK Ventures, United States Energy Information Administration, Eclipse Venture, Cameron Dales, US, Dales, Symyx Technologies, Northvolt, Ford, Manufacturing Engineering, Panasonic Locations: Colorado, Silicon, Tokyo, San Francisco, Northvolt, Sweden, Cameron Dales, Fremont , Calif, Fremont , California, Penang, Malaysia, China, United States, U.S, Nevada, Enovix

And Biden isn’t the only candidate trying to line up support among young voters. Former President Donald Trump, the frontrunner for the Republican nomination in his comeback bid for the White House, visited Iowa State University last weekend. “And that’s not happening so far.”Biden won 61% of voters between the ages of 18 and 29 in 2020, according to AP VoteCast, making young voters a critical part of his coalition. The White House has worked with online influencers to reach people who don't rely on traditional media. On Thursday, Harris repeatedly tried to demonstrate that she understood young voters’ concerns.

Persons: Kamala Harris, Jaden Clemons, Layth Carpenter, Harris, ”, Joe Biden, Clemons, Biden, they're, Donald Trump, “, Trump, John Brabender, Isaac Gavin, ” Sen, Mitt Romney, ” Biden, ” Harris, Kevin Munoz, isn’t, John Della Volpe, “ It’s, Della Volpe, Destiny Humphreys, they’re, Carpenter, ___ Price, Ayanna Alexander, Farnoush Amiri Organizations: —, Hampton University, Howard University, White, Republican, Iowa State University, Alpha Gamma Rho, University of Iowa, YouTube, Drake University, Utah Republican, U.S . Capitol, AP, North Carolina, Democratic National Committee, Biden, Democrats, Harvard Kennedy School Institute of Politics, South Carolina State University, U.S, Supreme Locations: HAMPTON, Va, Hampton, Las Vegas, Des Moines, Utah, United States, Greensboro, N.C, —, New York, Beaumont, Des Moines , Iowa, Orangeburg, S.C, Washington

The focus is shifting to a new front: Synthetic graphite, an element developed in the late 19th century, but only redirected toward EVs in the past decade. Synthetic graphite could account for nearly two-thirds of the EV battery anode market by 2025, estimates Benchmark Mineral Intelligence. "It’s easier to set up a synthetic graphite production facility than it is to commission new mining sites for natural graphite” because producers can take advantage of incentives in last year's U.S. Inflation Reduction Act to build synthetic graphite capacity in the U.S. or Free Trade Agreement partners, she said. Other experts note synthetic graphite is generally higher purity and offers better and more predictable performance than natural graphite. Still, the construction of new production facilities for synthetic graphite, even with federal incentives, requires a staggering investment, said Novonix's Burns.

Persons: Simon Dawson, ”, Victoria Hugill, It's, Chris Burns, Norway's, Vianode, Hans Erik Vatne, Vatne, Bob Galyen, China’s CATL, Novonix's Burns, “, Fastmarkets, Burns, Paul Lienert, Nick Carey, Timothy Gardner Organizations: REUTERS, Mineral Intelligence, EV, U.S, Trade, Infrastructure Investment, Jobs Act, Norsk Hydro, Hydro, Galyen Energy, Thomson Locations: London, Britain, United States, Europe, China, U.S, Bainbridge , Georgia, Chattanooga , Tennessee, North America, Detroit

☆ Trump greeted with a mix of applause and audible boos at Iowa college-football game, says report
▼ + stars: | 2023-09-10 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Trump received a mix of applause and audible boos from the crowd of 61,000 football fans. The former US president, who is embroiled in major legal battles and indictments, was attending the 2023 Cy-Hawk football game. Trump visited Iowa State University, where he flipped burgers, threw a football with fraternity members, and autographed photos and footballs, The Associated Press reported. Former President Donald Trump throws a football to the crowd during a visit to the Alpha Gamma Rho, agricultural fraternity, at Iowa State University before an NCAA college football game between Iowa State and Iowa, Saturday, Sept. 9, 2023, in Ames, Iowa. AP Photo/Charlie NeibergallIowa is a key early primary state, and the football game is considered as a crucial campaign stop.

Persons: Donald Trump, Ron DeSantis, Trump, Cy, Jack Trice, Charlie Neibergall, Sen, Joni Ernst, Vivek Ramaswamy, Doug Burgum, Asa Hutchinson, DeSantis, he's, Jeffrey Becker, FiveThirtyEight Organizations: Gov, Republican, Service, New York Times, Iowa State University, Associated Press, Alpha Gamma Rho, Iowa, —, Iowa City, Iowa Hawkeyes, NCAA, Iowa State, AP, Florida Gov, North Dakota Gov, Arkansas Gov, Trump, United, Iowa State Cyclones, USA, Sports Via Reuters, Sports Trump Locations: Florida, Wall, Silicon, Ames , Iowa, Iowa, — Ames, Charlie Neibergall Iowa, state's, Hawkeye

☆ Stunning Webb telescope image shows closest star-forming region
▼ + stars: | 2023-07-12 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

The Rho Ophiuchi cloud complex, the closest star-forming region to Earth, is seen in a composite of separate exposures acquired by the James Webb Space Telescope using the NIRCam instrument released July 12, 2023. The Webb telescope, which was launched in 2021 and began collecting data last year, has reshaped the understanding of the early universe while taking stunning pictures of the cosmos. Rho Ophiuchi is only about a million years old, a blink of the eye in cosmic time. The Rho Ophiuchi images shows how Webb gives us a new window into the formation of stars and planets," Pontoppidan said. The orbiting observatory was designed to be far more sensitive than its Hubble Space Telescope predecessor.

Persons: James Webb, Klaus Pontoppidan, Alyssa Pagan, Handout, Webb, Pontoppidan, Hubble, Bill Nelson, Will Dunham, Rosalba O'Brien Organizations: NASA, ESA, CSA, REUTERS, Wednesday, James Webb Space Telescope, Jet Propulsion Laboratory, Hubble, Telescope, Thomson Locations: REUTERS WASHINGTON

☆ A dreamy new image from NASA's James Webb Space Telescope shows the birth of 50 sun-like stars
▼ + stars: | 2023-07-12 | by ( Grace Eliza Goodwin | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

The James Webb Space Telescope captured a dreamy high-res image of 50 sun-like stars being born. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyNASA's James Webb Space Telescope captured a dreamy image depicting the birth of 50 sun-like stars. Marina Koren, a space writer for The Atlantic, said it "kind of looks like space is throwing up some more space." Webb's image shows how stars are born from a dusty cocoonThe high-resolution image shows about 50 stars, in various stages of formation, in the Rho Ophiuchi cloud complex —the nearest star-forming region to Earth — about 390 light-years away, according to NASA. A new James Webb Space Telescope image of stars being formed in the Rho Ophiuchi cloud complex.

Persons: James Webb, Webb, Hubble — Webb, Bill Nelson, Kamala Harris, Marina Koren, That's, Klaus Pontoppidan, another's Organizations: James Webb Space, NASA, Service, ESA, CSA Locations: Wall, Silicon

☆ Webb telescope’s first anniversary image reveals the birth of sunlike stars
▼ + stars: | 2023-07-12 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —The James Webb Space Telescope has captured a stunning new image of the closest star-forming region to Earth, located 390 light-years away. The release of the image marks the first anniversary since the space observatory began observing the universe. “Webb’s image of Rho Ophiuchi allows us to witness a very brief period in the stellar lifecycle with new clarity. The most powerful telescope ever sent to space, Webb launched on December 25, 2021, and NASA shared its first set of scintillating images on July 12, 2022. Both have served as the targets of other telescopes like the Hubble Space Telescope in the past.

Persons: James Webb, another’s, ”, Klaus Pontoppidan, Webb, “, Bill Nelson, “ Webb, Nicola Fox, Eric Smith, “ Webb’s, Jane Rigby, NASA’s, “ We’ve, we’ve, — Organizations: CNN, Telescope, Telescope Science, NASA, Astrophysics Division, NASA Headquarters, Hubble, NASA’s Goddard Space Flight Locations: Baltimore , Maryland, Greenbelt , Maryland

☆ Canada freezes deportation of Indian students who used fraudulent university letters
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +3 min

OTTAWA, June 14 (Reuters) - Canada will freeze the planned deportation of dozens of students who entered the country using fraudulent university letters of acceptance, Immigration Minister Sean Fraser said on Wednesday. Fraser spoke after the Canadian Broadcasting Corp reported in March that several students from India had been served deportation papers for using forged documents to enter Canada in an alleged immigration scheme. Official data show there were more than 800,000 foreign students with active visas in Canada in 2022. Canada is a popular destination for international students since it is relatively easy to obtain a work permit. The Migrant Workers Alliance for Change has been supporting the students, saying they have spent years in Canada.

Persons: Sean Fraser, Fraser, fraudsters, Sarom Rho, David Ljunggren, Aurora Ellis Organizations: OTTAWA, Immigration, Canadian Broadcasting Corp, Canada, Canada Border Services Agency, CBC, Migrant Workers Alliance, Thomson Locations: Canada, India

☆ Where is the best place in New York City for a finance office?
▼ + stars: | 2023-06-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

So if you have to come in, where's the best place to go? Note: Most of the companies listed below have multiple office locations beyond the one listed. An open letter to big banks going through an identity crisis. My open letter to big banks. Here's a list of nearly a dozen of the best chocolates you can buy, according to a professional chocolatier.

Persons: Dan DeFrancesco, we've, Spencer Platt, It's, Goldman Sachs, BNY Mellon, We'll, Morgan Stanley, Jefferies, You've, I'm, Gene Wilder, Willy Wonka, Stephanie Cohen, Banks, We've, Brace, it's, Jeffrey Cane, Hallam Bullock Organizations: Getty, Apple, Downtown . Companies, NYSE, BNY, Metro North, . Companies, Bank of America, Barclays, BNP, Midwest, Midtown East . Companies, Blackstone, Millennium, Grand Central, Yards, Hudson Yards, Plaid, Rho Technologies, Connecticut . Companies, Paramount, Maverick Capital, Tiger Global, D1, JPMorgan, LinkedIn Locations: Downtown, JPMorgan, MarketAxess, BlackRock, midtown, — Flatiron, NoHo, Connecticut, Bridgewater, AQR, London, Citadel, New York

☆ Pope extends sexual abuse law to include lay leaders
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +3 min

[1/6] People reach out to touch Pope Francis' hand during his meeting with the faithful of parishes from Rho at the Vatican, March 25, 2023. REUTERS/Yara NardiVATICAN CITY, March 25 (Reuters) - Pope Francis on Saturday updated rules on dealing with sexual abuse in the Roman Catholic Church, expanding their scope to include lay Catholic leaders and spelling out that both minors and adults can be victims. BishopAccountability.org, a not-for-profit organisation looking to document the abuses within the Roman Catholic Church, said the revision was "a big disappointment" and fell short of the "extensive revamping" the policy against the abuses would have required. The updated provisions have been unveiled a month after the Roman Catholic religious order of Jesuits said that accusations of sexual, psychological and spiritual abuse against one of its most prominent members were highly credible. Rupnik has not spoken publicly of the accusations, which have rattled the worldwide order, of which the pope is a member.

Employees have been working around the clock to onboard as many startups as possible in the wake of the implosion of Silicon Valley Bank. Silicon Valley Bank, which had more than $175 billion in deposits and served nearly half of US VC-backed startups, was taken over by US regulators on March 10. "That said, I am worried that this bias towards a Big Four bank is a double-edged sword," Shekar added. "SVB did not think like a big bank. They could understand your operating plan when a big bank would balk at it," Ashley Tyrner, CEO and founder of FarmBoxRX, told Insider.

☆ Pitch Decks That Advertising Tech Startups Used to Raise Millions
▼ + stars: | 2023-01-10 | by ( Business Insider | ) www.businessinsider.com time to read: +19 min

Check out these pitch decks that they've used to sell their vision and raise millions from private equity and VC investors. Blocking ad fraudAdtech startup Lunio, announced a $15 million Series A funding round in September 2022. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. Marketing in the metaverseAnima, an augmented-reality startup, raised a $3 million funding round from investors in Janury. He raised $50 million in Series D after closing a $34 million Series C last year, bringing its total raised to $100 million.

☆ Italy police arrest woman mafia boss, 48 others in raid outside Milan
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

MILAN, Nov 22 (Reuters) - Police arrested 49 suspected mobsters in a raid on the outskirts of Milan on Tuesday, including five women, one of whom is accused of leading a local unit of the fearsome 'Ndrangheta mafia. It's rare for women to have leadership roles in the male-dominated world of the mafia. The woman, accused of ruling a 'Ndrangheta unit in Rho, a town on the outskirts of Milan, was "even more ruthless than the men", Milan prosecutor Alessandra Cerretti said in a news conference, according to local media. In a separate operation, police arrested another 37 people linked to the Camorra mafia in a raid outside the city of Naples, following a three-year investigation into extortion and drug trafficking. Reporting by Agnieszka Flak, editing by Alvise Armellini and Jon BoyleOur Standards: The Thomson Reuters Trust Principles.

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