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☆ How to make your home hurricane resistant, as scientists predict an 'extremely active' storm season
▼ + stars: | 2024-05-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +11 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTRyersonclark | E+ | Getty ImagesMaking your home hurricane resistant can be a significant financial undertaking. In 2024, the national average cost to upgrade an entire house with hurricane windows runs between $1,128 and $10,293, or $100 and $500 per window, including installation, according to This Old House. Hurricane resistance is about preventing 'pressurization'Hurricanes are different and unpredictable storms, said Jeff Ostrowski, a housing analyst at Bankrate. If installing new hurricane windows aren't in the budget, shutters are lower-cost options to protect windows and other openings, said Chapman-Henderson. Talk to your insurer about possible discounts Strengthening your home against disasters may help lower your insurance cost.

Persons: Phil Klotzbach, Jeff Ostrowski, Leslie Chapman, Henderson, Jennifer Languell, Chapman, Kin, Melissa Cohn, William Raveis, Bankrate's Ostrowski, Ostrowski, Loretta Worters, Worters, Languell Organizations: Massachusetts Institute of Technology, Hurricanes, National Oceanic, Fluid Dynamics, Climate, Energy Solutions, Swiss, Finance, Colorado State University, Department of Atmospheric, Federal Alliance, Safe, Safe Homes, Department of Energy, Trifecta, William Raveis Mortgage, Insurance, Institute, Homeowners Locations: windstorms, U.S, Florida, In Florida, Alabama, Louisiana, dsireusa.org

☆ Where is Dan Schneider now? Everything to know about what happened to the Nickelodeon producer
▼ + stars: | 2024-04-02 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Schneider, who joined the kids' network in the '90s, made a name for himself as the creator of popular TV shows like " The Amanda Show, " " Drake & Josh ," "Zoey 101," and '" iCarly ." AdvertisementSchneider teased a comeback in a 2021 interviewJosh Peck, Dan Schneider, and Kenan Thompson in June 2011. Christopher Polk/Getty Images for NickelodeonIn an interview with The New York Times, Schneider said that his departure from Nickelodeon was a mutual decision and a welcome break from his intense work schedule. According to the Times, Schneider was also working on a family-friendly project. "I definitely, at times, didn't give people the best of me," he said.

Persons: —, Dan Schneider, Schneider, Drake, Josh, Josh Peck, Kenan Thompson, Christopher Polk, Bobby Bowman, Christy Stratton, Jenny Kilgen, Lawrence K, didn't Organizations: Service, Nickelodeon, Business, Getty, The New York Times, Times, massages, Los Angeles Times

☆ Lawsuit filed by Elon Musk's X against nonprofit CCDH thrown out by judge on free speech grounds
▼ + stars: | 2024-03-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

A federal judge in California dismissed a lawsuit filed by Elon Musk's X against the nonprofit Center for Countering Digital Hate, writing in a judgement Monday that the "case is about punishing the Defendants for their speech." X sued the research group in July, accusing it of implementing a "scare campaign" to drive away advertisers. The company also accused CCDH of improperly accessing data from the platform and selectively picking posts to "falsely claim" that X is "overwhelmed with harmful content." CCDH also found that Twitter failed to act on 89% of anti-Jewish hate speech and 97% of anti-Muslim hate speech on the platform. In one instance, X has sued an Israeli web data collection company called Bright Data over its allegedly unauthorized scraping of data from its social media platform.

Persons: Elon Musk's, X, CCDH, Musk, Charles Breyer, Breyer, Roberta Kaplan, Donald Trump, E, Jean Carroll, Trump, Carroll, Xfinity Organizations: CCDH, Northern District of, Twitter, CNBC, X, Bright, Media Matters, America, Apple, Bravo, IBM, Oracle Locations: California, Northern District, Northern District of California, Silicon Valley, Texas

☆ House Democrats probe SpaceX over alleged illegal export and use of Starlink by Russia
▼ + stars: | 2024-03-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to SpaceX demanding transparency from the defense contractor following reports of potentially illegal purchases and use of Starlink satellite internet equipment by Russia in occupied territories of Ukraine. The congressmen also announced a probe of SpaceX by the Democratic House Committee into the company's safeguards and procedures for preventing illegal exports and use of its Starlink equipment and services. The Washington Post first reported on the probe and March 6 letter to SpaceX president and chief operating officer Gwynne Shotwell. In a statement on Thursday, the congressmen wrote, "Russia's use of Starlink satellite terminals would be in contravention of U.S. export controls that prohibit Russia from acquiring and utilizing U.S.-produced technology." The new probe by House Democrats follows news on Wednesday that a man in New Jersey was arrested on charges of allegedly trafficking 675 SpaceX Starlink terminals which were purchased with stolen credit card accounts or hacked Starlink billing accounts.

Persons: Robert Garcia, Jamie Raskin, Gwynne Shotwell, Elon Musk, Musk, Starlink, Walter Isaacson, —, Volodymyr Zelenskyy, GUR, Mike Gallagher, Gallagher Organizations: SpaceX, Democratic, Committee, Washington Post, Netflix, Directorate of Intelligence, Russian, Democrats, House, Department of Defense, CNBC, House Democrats, Police Locations: Ukraine, Warsaw, Poland, Russia, Crimea, Russian, Kyiv's, Ukrainian, Donetsk, House China, Taiwan, Starlink, New Jersey

By contrast, Musk appeared to discourage OpenAI co-founders from taking a too-lean approach to fundraising, according to emails the company reproduced from December 2018. The startup also said in its blog post that Musk sought to become OpenAI's CEO in 2017 as it was changing its structure. In emails from January 2018 reproduced by OpenAI, Musk agrees with an unnamed sender who encouraged the startup's co-founders to rely on Tesla as their "cash cow." CNBC has not independently verified the authenticity of the emails included in OpenAI's response on Tuesday, some of which contained partial redactions. Attorneys for Elon Musk were not available to comment on Tuesday night after OpenAI published its response.

Persons: Elon Musk, Musk, OpenAI, Sam Altman, Greg Brockman, —, Google's, Sutskever, Brockman, Altman, Tesla, xAI, Elon, OpenAI isn't, — CNBC's Jordan Novet Organizations: SpaceX, Microsoft, The New York Times, X Corp, CNBC, Elon Locations: OpenAI

The new missionDeveloping and scaling this cookie replacement has become the new mission for The Trade Desk, one of adtech's greatest independent success stories. While many other adtech companies offered this service, The Trade Desk over the years proved it could do it better. The Trade DeskWith cookies disappearing, The Trade Desk is approaching its first big test. These deals are typically cut with major advertising agency holding companies and don't usually include adtech platforms like The Trade Desk. "These next 12 months for The Trade Desk are going to be difficult and not the experience that you're used to," this person said.

Persons: Jeff Green, Andrew Casale, Brian Wieser, Samantha Jacobs, hasn't, There's, Tom Triscari, It's, they're, Greg Doherty, Jeff, Green, Criteo, Megan Clarken, Dan Salmon, they've Organizations: Trade, Universal, Google, Business, Exchange, Company, BI, Disney, The Washington Post, Yahoo, Wall Street, Projects, CTV, CBS, The, Arete Research, Intelligence, Variety, Street Research

☆ Houthis claim 'catastrophic' attack in Red Sea that prompted crew to abandon ship
▼ + stars: | 2024-02-19 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in the latest escalation of maritime tensions that have disrupted key trade routes in the Red Sea. Houthi militants later claimed the attack, with spokesperson Yahya Sare'e identifying the vessel as general cargo ship Rubymar and describing it as British. "The ship suffered catastrophic damage and came to a complete halt," Houthi Spokesperson Sare'e said. The hostilities have also prompted armed exchanges between Houthis and British and American forces, which have previously struck at Yemeni targets in a bid to improve maritime security. Sare'e said that the Houthis on Sunday also shot down a U.S. drone in Hodeidah.

Persons: Yahya Sare'e, Sare'e, Ice Brent, Nymex WTI Organizations: Maritime Trade Operations, CNBC, Global, Djiboutian Navy, Hamas, Maersk, Ice, U.S . Central Command, U.S . Navy, Ambrey Analytics Locations: Iran, Yemen, Red, Belize, British, U.S, Saudi, Khair, Varna, Bulgaria, Gulf, Aden, London, Gaza, Danish, Good Hope, Houthis, ., Houthi, Greece, Yemen's

☆ Biden’s allies can’t agree on how to combat questions about his age and memory
▼ + stars: | 2024-02-09 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +12 min

How damaging are all the renewed questions about age and mental acuity going to be? One Democratic member of the House responded to being told of the questions about age and memory raised in the report with a morbid laugh and sullen shake of the head. Inside the White House and among Biden’s reelection campaign staff, the tension is constant. Biden aides also feel themselves that this hasn’t been enough. Most importantly, they reflect what Biden aides have learned from experience: Nothing combats questions about the president’s competence as much as people seeing him in action.

Persons: Joe Biden, notecards, Biden, –, Donald Trump, couldn’t, he’s, Trump, ”, West, they’ve, Annie Kuster, “, ” Kuster, don’t, Kevin McCarthy –, Emanuel, Gabe Amo, Emmanuel Macron, François Mitterrand, Abdel Fattah el, ‘ Mitterrand, Dina Titus, “ Joe Biden, Jamie Raskin, Trump’s, Jean Caroll, Raskin, ” Biden, Biden’s, Kate Berner, Andrew Bates, “ Biden, ” Bates, Bates jabbed, Beau Biden, CNN’s Haley Talbot, Kevin Liptak Organizations: Virginia CNN, Democrats, CNN, Democratic, Trump, Washington, West Wing, New, Nevada Democrat, Senate, ” Maryland, “, White, Security, Republicans, Border Patrol Union, Biden, House Democrats Locations: Leesburg, Virginia, New Hampshire, Valley Forge, Charleston, Las Vegas, Rhode Island, Israel, Mexico, Egypt, Nevada, Wilmington , Delaware

Elsewhere, Goldman Sachs reiterated a buy rating on Nvidia and raised its price target on the high-flying semiconductor maker. Yet his price target sits at $225, implying an upside of 19.7% as he sees opportunity elsewhere. "Anyone pulling up a chart of UBER share price performance in 2023 will think, 'That's a scary chart. Analyst Sarah James upgraded the insurer to overweight from neutral and hiked her price target o $372 from $334. — Alex Harring 5:42 a.m.: Goldman hikes Nvidia price target Things continue to look up for Nvidia , according to Goldman Sachs.

Persons: Goldman Sachs, Piper Sandler, Alexander Potter, Potter, Tesla, Alex Harring, Bernstein, Uber, Nikhil Devnani, Devnani, — Alex Harring, Keith Horowitz, Horowitz, Cantor Fitzgerald Cigna, Cantor Fitzgerald, Sarah James, James, Ben Hendrix, Hendrix, Christopher Horvers, Horvers, Barbie, Goldman, FY4Q, Toshiya Hari, Fred Imbert Organizations: CNBC, JPMorgan, Mattel, Nvidia, Citi, Investors, Citizens, Financial, New York Community Bancorp, Aozora, T Bank, RBC Capital, Warner Bros, Golden Globes, Microsoft Locations: California, New, Friday's

Will Trump keep that up, now that he's been hit with a $83.3 million defamation judgment? A jury on Friday found that Trump had maliciously damaged Carroll's reputation in 2019 after she went public with her accusations. If both judgments stand, Trump would owe her a total of $88.3 million. THE FIRST TRIALCarroll sued Trump for defamation in 2019, saying his statements about her were false and damaged her reputation. The $88.3 million in judgments against Trump are actually less than what some of his supporters have faced in recent defamation cases.

Persons: Donald Trump, Jean Carroll, Will Trump, he's, Trump, Carroll, Goodman, Jean, District Judge Lewis A, Kaplan, ” Kaplan, Alina Habba, Habba, CARROLL, Rudy Giuliani, Alex Jones, Sandy, Giuliani, Jones Organizations: Trump, Elle, White, House, House . U.S, District, U.S, Supreme, TRUMP, Carroll, New, New York City, Elementary Locations: Manhattan, lacy, New York, House ., Georgia, Texas, Connecticut, That's

Carroll is due to testify Wednesday in the second federal civil trial over her claims against Trump, who denies them all. Because the first jury found that Trump sexually abused Carroll in the 1990s and then defamed her in 2022, the new trial concerns only how much more — if anything — he'll be ordered to pay her for some other remarks. Political Cartoons View All 253 ImagesBut Carroll, an advice columnist and magazine writer, has said that Trump harmed her deeply. Trump asserts that nothing ever happened between him and Carroll, indeed that he has never even met her. The Associated Press typically does not name people who say they have been sexually assaulted unless they come forward publicly, as Carroll has done.

Persons: Donald Trump, E, Jean Carroll, Carroll, Trump, “, ”, ” Carroll, Jean ”, Elle, wasn’t, Shawn Crowley, Alina Habba, Habba, There's, ” Trump, Carroll hadn’t, Jennifer Peltz Organizations: Trump, Republican, Elle, Associated Press, Associated Locations: New Hampshire

☆ Make these 5 investments as stocks climb to record highs in 2024, according to top strategists at Bank of America and BMO Capital Markets
▼ + stars: | 2023-11-28 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

COVID), and active funds are hugging their benchmarks," Subramanian wrote in a note about her 2024 outlook. "We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished," Subramanian wrote. BMO Capital MarketsBofA analysts are calling for slower inflation, better profit margins, and improved efficiency, Subramanian wrote. BMO is less optimistic about energy stocks since they've lagged behind oil prices in the last year. Consumer discretionary is a strong bet if interest rate hikes are over and consumers keep spending, Subramanian wrote.

Persons: Brian Belski, Belski, Savita Subramanian, Subramanian, Bank of America BMO's Belski, he's, boomers, BofA Organizations: Bank of America, BMO Capital Markets, Business, BMO, Federal Reserve, " Bank of, Energy, BMO isn't Locations: Ukraine, Israel

☆ Want to pick a winning retail stock this holiday season? Watch for discounts and deflation
▼ + stars: | 2023-11-22 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +9 min

However, he added, they remain more upbeat compared with last holiday season and should spend more on gifts this year. According to FactSet, analysts anticipate there could be upside of more than 20% ahead, based on average price targets. The e-commerce giant is JPMorgan analyst Doug Anmuth's top pick for the holiday season. "We project US e-comm penetration at 23.4% of adj retail sales this holiday season, +90bps above the 22.5% in 2022," he said. "We think beauty has the potential to be a relevant gifting solution for cash-strapped consumers during the upcoming Holiday season," he said.

Persons: Chad Lusk, Alvarez, Lusk, Martis, LSEG, Inna Kuznetsova, Doug Anmuth's, Doug McMillon, Krisztina Katai, Katai, Michael Lasser, Ulta, Lasser, ToolsGroup's Kuznetsova, Marsal's Lusk, Michael Bloom Organizations: Shoppers, CNBC, Walmart, Target, Retailers, Centric Market Intelligence, Amazon, LSEG, JPMorgan, Deutsche Bank, Costco, UBS, Fed, Black Locations: Lusk, Ulta, Wayfair, Williams, Sonoma

One of them said that the cut off point could be closer to 6 billion euros ($6.33 billion). Some analysts had already questioned Renault's hoped-for valuation of up to 10 billion euros, with some suggesting the carmaker should pursue alternative options to raise cash. De Meo said in September that the listing could value Ampere at between 8 and 10 billion euros, above the French carmaker's own current market capitalisation of 9.55 billion euros. Other EV makers have seen their market value fall sharply in recent months. The Ampere IPO would include a mix of Renault's shares and new shares and could happen as early as April 2024, one of the people said, depending on market conditions.

Persons: Gonzalo Fuentes, Ampere, France's, Tesla, Renault's, Luca de Meo, China's Geely, IPOs, De Meo, Bernstein, de Meo, Elon Musk's Tesla, Mathieu Rosemain, Silvia Aloisi, Pablo Mayo Cerqueiro, Gilles Guillaume, Anousha Sakoui, Alexander Smith Organizations: Renault, Viva Technology, Porte de, REUTERS, Reuters, DKV Mobility, HK, Saudi Arabia's Aramco, Nissan, IPOs Renault, EV, Commission, UBS, Barclays, Ampere, Mitsubishi, Thomson Locations: Porte, Paris, France, LONDON, China, Saudi, Europe, Ampere, Elon

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

The world's top importing region saw arrivals of 24.95 million barrels per day (bpd) in September, down from August's 25.22 million bpd, according to data complied by LSEG. September's imports were also almost 3 million bpd weaker than the 27.92 million bpd seen in July, which was the highest monthly total so far in 2023. China imported 11.53 million bpd in September, down from August's 12.49 million bpd, according to LSEG data. Russia was China's top supplier in September, providing 1.81 million bpd, eclipsing the 1.44 million bpd from Saudi Arabia. The main question for Asia's oil demand in the fourth quarter is just how hard the recent price rally will bite demand.

Persons: Vietnam's, China doesn't, Asia's, Jamie Freed Organizations: LSEG, Imports, Reliance Industries, SK Energy's Ulsan, Taiwan's CPC, Brent, U.S, world's, Reuters, Thomson Locations: LAUNCESTON, Australia, August's, Jamnagar, India, South Korea, Saudi Arabia, Asia, CHINA, China, Russia, Iran

“For every new EV battery gigafactory that is built, we will need to build a new battery recycling facility to process manufacturing scrap and end-of-life batteries.”The recycling facility will disassemble and shred about 24,000 metric tons of used EV batteries and gigafactory scrap per year — or approximately 56,000 EV batteries yearly, the company said. Ascend Elements also has a battery recycling facility in Covington, Georgia, and a battery laboratory in Novi, Michigan. The recycling facility in Hopkinsville will deepen Kentucky's connections to the emerging EV sector. “We've become the EV battery capital of the United States of America and the jobs keep pouring in,” Kentucky Gov. In the U.S., electric vehicle sales continued to rise during the first half of the year to more than 557,000 vehicles, or 7.2% of all new vehicle sales.

Persons: Mike O’Kronley, ” O’Kronley, We've, Andy Beshear Organizations: South, SK ecoplant, TES, EV, Apex, U.S . Department of Energy, ”, Ford, SK Innovation, Industry Locations: Kentucky, Hopkinsville, South Korea, Louisville , Kentucky, United States, Massachusetts, Covington , Georgia, Novi , Michigan, America, ” Kentucky, Glendale, U.S

☆ Blockbuster weight loss drugs Wegovy and Ozempic are being tested to treat addiction and dementia
▼ + stars: | 2023-09-07 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Weight loss drugs are being assessed for their ability to treat conditions like dementia and addiction after a landmark study showed that Wegovy helped reduce the risk of heart attacks and strokes. Late-stage trial data released last month by Novo Nordisk indicated that its Wegovy weight loss injection led to "large reductions" in heart failure-related symptoms among at-risk patients. A treatment for drug and alcohol abuseHendershot is one researcher investigating whether the appetite-regulating mechanisms at play in weight loss drugs could be used to treat other conditions such as alcohol and drug addiction. Novo Nordisk's Wegovy and Eli Lilly 's Mounjaro work by imitating a naturally occurring gut hormone that helps regulate appetite in the brain, ultimately leading to weight loss. Implications for reward signalingAdditional possible use cases for weight loss drugs could exacerbate the hurdles already faced by patients using them, however: high costs and supply shortages.

Persons: Wegovy, —, Hendershot, Nordisk's Wegovy, Eli Lilly, Kyle Simmons, Simmons, Ivan Koychev, Harshal Deshmukh Organizations: Bloomberg, Getty, Novo Nordisk, University of North, Chapel Hill, CNBC, Nordisk's, Oklahoma State, Oklahoma State University, University of Baltimore, University of Oxford, University of Hull Locations: Danish, University of North Carolina, Chapel

☆ Some recent college graduates say they're unprepared for the job search. Here are 5 tips to get work-ready.
▼ + stars: | 2023-08-25 | by ( Sophie Phillipson | Julie Phillipson | ) www.businessinsider.com time to read: +5 min

Recent college graduates may be feeling lost, especially with students returning to campuses. To help recent grads feel more work-ready, we wrote "Survive & Thrive." We wrote " Survive & Thrive: A Graduate's Guide to Life After University " to help recent grads navigate this new era in their lives and aid them in landing their dream jobs. In a 2023 survey from Intelligent.com, 40% of business leaders polled said they thought recent college graduates were ill-prepared to join the workforce. Many recent grads we talked to also felt like their colleges did not properly prepare them for the job search.

Persons: résumé, you've, I'd Organizations: Service, Life, Google Locations: Wall, Silicon, Intelligent.com

☆ Factbox: China's incumbent and upcoming LNG traders
▼ + stars: | 2023-08-21 | by ( Chen Aizhu | ) www.reuters.com time to read: +5 min

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. Below is a list of China's main gas traders and their operations globally, according to information from company sources and traders. In May, PCI became the first Chinese firm to gain long-term access to gas storage at a European gas terminal. CNOOC also plans to create a London desk in the coming year or two, following PCI and Unipec. Sumitomo Corp (8053.T), which has a desk to trade piped gas in London is considering expanding into LNG trading, said a company spokesperson.

Persons: Issei Kato, Keith Martin, Wang Bingsi, CNOOC, Norinco, ENN, Chen Aizhu, Yuka Obayashi, Florence Tan, Tom Hogue Organizations: REUTERS, Rights, PetroChina International, PCI, London, Gazprom, China National Offshore Oil Company, Gas Co, ENN, LNG, Beijing Gas, Zhejiang Energy, Zhejiang Energy Zhejiang Energy, Exxon Mobil, Mexico, China Gas Holding, China Gas, JOVO Energy, Privately, SOUTH, Mitsubishi Corp, Marubeni Corp, Tokyo Gas, Korea's SK E, Sumitomo Corp, Thomson Locations: Futtsu, Tokyo, Japan, London, Singapore, Beijing, Dubai, Houston, Sinopec, China, Jiangsu province, ENN, U.S, Hebei, Shenzhen, CNOOC, Zhejiang Energy Zhejiang, Zhejiang, Ningbo, Wenzhou, Zhejiang province, HK, Guangxi province, Yantai, Shandong province, Guangdong, Guangzhou, JAPAN, SOUTH KOREA, Asia

☆ TPG dangles messy end for EY’s loveless marriage
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

On Monday, the Financial Times reported that private equity firm TPG (TPG.O) had approached EY about buying a stake in its consulting arm. Back in May of last year when EY’s split was leaked to the press, valuations were much more attractive. If TPG pushes for a full breakup, EY would still have to work out how to divvy up its tax advice business between audit and consulting. Given the challenges, EY may well decide it’s better to soldier on with an awkward marriage than risk a messy divorce. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: EY’s, EY, Aimee Donnellan, Exor’s Philips, Bain, Neil Unmack, Oliver Taslic Organizations: Reuters, Financial Times, TPG, Big, Partners, Twitter, Thomson

☆ Bernstein picks recession-beating global stocks for ‘value, growth and quality’
▼ + stars: | 2023-08-03 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Investment bank Bernstein picked a raft of Chinese and Indian stocks in sectors including tech, pharma and IT, naming them on a list of "opportunities for value, growth and quality." "We believe that it is time to increase risk exposure in China by adding more high volatility stocks," the analysts wrote. "GPT can accelerate development of its business and give the company the tailwinds to reshape its strategy," the analysts wrote. Indian stock picks Indian drug company Sun Pharma is also on Bernstein's list of outperform-rated stocks. In India … they have outperformed the market," the analysts wrote, and they also praised Sun's specialty drug portfolio in the U.S.

Persons: Bernstein, Rupal Agarwal, India … Organizations: pharma, " Pharma, Wuxi, Baidu, Sun Pharma, U.S, Infosys, Reliance Industries, New Locations: Asia, China, Wuxi, India, Bangalore, New Commerce

SEOUL, July 28 (Reuters) - SK Innovation Co Ltd (096770.KS), owner of South Korea's top refiner SK Energy, said on Friday it expects refining margins to gradually improve in the second half thanks to favourable market conditions backed by solid travel season demand. Analysts said SK Innovation's refining business had been hit by declines in refining margins and oil prices, while its battery business had continued generating losses due to costs related to its newly set up U.S. battery plants. SK Innovation's battery unit SK On, which was split off last year, accounted for about 20% of the company's revenue in the second quarter. SK Innovation said it expects its battery unit's profitability to improve in the second half thanks to the U.S. tax subsidies from the Inflation Reduction Act. Shares of SK Innovation were trading down 0.9%, versus benchmark KOSPI's (.KS11) 0.5% fall at 0210 GMT.

Persons: Refinitiv SmartEstimate, Kim Kyunghoon, 1,282.8300, Heekyong Yang, Joyce Lee, Jamie Freed, Kim Coghill Organizations: SK Innovation Co, refiner SK Energy, Analysts, SK Innovation's, SK, SK Innovation, Ford Motor, Hyundai Motor, Chief, SK On's, LG Energy, Thomson Locations: SEOUL, North America, Europe

☆ Twitter’s rebrand is the next stage in Elon Musk’s vision for the company. But does anyone want it?
▼ + stars: | 2023-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

When Musk bought Twitter late last year, he laid out a vision for an “everything” app called X, where users could communicate, shop, consume entertainment and more. Musk — who bought Twitter with a company called X Corp. — tweeted on Sunday that X.com now redirects to Twitter. Musk even told followers that tweets should instead be called “x’s.”On Sunday, CEO Linda Yaccarino seemed to confirm Musk’s vision for the company. Elon Musk has officially rebranded Twitter as "X," as he seeks to turn the platform into an "everything" app. And until Musk rolls out significant changes to the platform, observers of the company say ditching Twitter’s well-known brand is a risky move.

Persons: New York CNN — Elon Musk’s, Musk, — Musk, “, —, It’s, ” Mike Proulx, Forrester, Proulx, ”, Linda Yaccarino, ” Yaccarino, Elon Musk, Jonathan Brady, Walter Isaacson, texted Isaacson, ” “, ” Musk, he’s, WeChat, Deloitte, Instagram, Joshua White Organizations: New, New York CNN, Twitter, PayPal, Musk —, X Corp, SpaceX, Facebook, Vanderbilt University Locations: New York, China, Arizona, Michigan

☆ How Easy Is It to Fool A.I.-Detection Tools?
▼ + stars: | 2023-06-28 | by ( Stuart A. Thompson | Tiffany Hsu | ) www.nytimes.com time to read: +11 min

“Real” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “A.I.” Sensity “Real” Umm-maybe “Real” Illuminarty “Real” A.I. or Not “A.I.” Hive “A.I.” Sensity “Real” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “Real” Sensity “A.I.” Umm-maybe “Real” Illuminarty “A.I.” A.I. or Not “A.I.” Hive “A.I.” Sensity “A.I.” Umm-maybe “Real” Illuminarty “Real” A.I.

Persons: Elon Musk, ”, Musk, Chenhao Tan, “, I’m, Ron DeSantis, Cynthia Rudin, Dan Lytle, Midjourney, Kevin Guo, ” Mr, Guo, Biden, Damon Winter, Sensity, Jackson Pollock, Pollock, Marc Fibbens, Shyam Sundar, Sundar Organizations: New York Times, Guerrero Art, Times, University of Chicago, Republican, Duke University, Hive, Photoshop, The Times, The New York Times, Industry, A.I, Center, Intelligence, Pennsylvania State University Locations: A.I, Florida, “, Gettysburg, Pa, New Zealand

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