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☆ This DoubleLine bond fund is beating the market. Here's what it's buying
▼ + stars: | 2024-05-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

A bond fund run by two of the top names at DoubleLine is outpacing the broader market by being defensive without fully committing to an imminent recession. The DoubleLine Opportunistic Bond ETF (DBND) has a total return of 3.2% over the past year. That's more than the broadest bond funds, such as the iShares Core U.S. Aggregate Bond ETF (AGG) , and the category indexes for the ETF as determined by FactSet and Morningstar. "Given where yield levels are, you're paid relatively well just to be in the higher credit quality," Sherman said.

Persons: Morningstar, Jeffrey Sherman, Jeffrey Gundlach, Sherman, Bonds, it's Organizations: Bond, Aggregate Bond, FactSet, SEC, CNBC, Federal Reserve Locations: DoubleLine, Treasurys

☆ How to fit in at dinner with a billionaire, according to an etiquette expert
▼ + stars: | 2024-03-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Etiquette coach Jamila Musayeva said it's best to go "unnoticed" for your manners in such places. The key, according to Jamila Musayeva, an etiquette coach, is to avoid standing out as new money or someone's plus-one when attending fancy dinners or galas. Here are Musayeva's etiquette do's and don'ts at exclusive events frequented by the wealthy. Related storiesAmericans typically use their knives and forks in a "zig-zag" way, said Musayeva, but that's seen as informal. At formal dinners, drink pairings are usually predetermined to match the food on the menu.

Persons: Jamila Musayeva, —, HBO's, Jamila, Musayeva, who's, you've, that's, It's Organizations: Service

☆ US Navy warships can defeat exploding naval drones today, but these deadly systems are evolving
▼ + stars: | 2024-03-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +12 min

Ukraine has found success at sea by using naval drones packed with explosive to batter Russia. AdvertisementIn two conflicts separated by more than 1,000 miles, US friends and foes alike have turned to a deadly weapon to defeat their enemy's warships: small naval drones packed with explosives. The USS Dwight D. Eisenhower conducts flight operations in response to Houthi activity in the Red Sea on Feb. 23. In other words, there are ways that warships can protect against, evade, and ultimately defeat naval drones. Naval drones can potentially carry a large payload, and if they manage to get through undetected and hit a ship, "there could be significant damage."

Persons: —, Bradley Martin, Sam Tangredi, Ivan Lukashevych, Dwight D, Eisenhower, Tangredi, Archer Macy, Russia hasn't, Sergey Kotov, Macy, USVs, Martin, They're, Arleigh Burke, John Finn, Lewis, Clark, Cesar Chavez, AKE, Justin Stack, Shaan Shaikh, Shaikh Organizations: Former US Navy, Service, US Navy, AP, BI, Security Service, Former Navy, US, Sea Fleet, Ministry of Defense, Navy, Aircraft, Seahawk, Ruskin, Missile Defense, Center for Strategic, International Studies Locations: Ukraine, Russia, Yemen, Europe, Kyiv, Brig, Screengrab, Iran, —, Russian, Ukrainian, Crimea, Handout, Pacific, China, Washington, Beijing, Pearl, East China, they're

☆ 'Black Swan' fund manager Mark Spitznagel expects the stock market to rally further before we hit the 'worst crash since 1929.' He explains how investors should think about their portfolios to survive
▼ + stars: | 2024-03-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The fund made headlines for returning 4,144% amid the 2020 stock market crash, an example of a so-called black-swan event. And when the market moves one way, we think that's going to happen forever." Spitznagel's main don'ts to mom-and-pop investors are; don't chase the market, don't time the market, don't place too much confidence in its current direction, and don't make decisions based on short-term Fed moves. Instead, build a portfolio that's positioned so that if the market goes down by 50%, you won't be squeezed. And if the market is up 50%, don't be the sucker that's going to buy up there", Spitznagel said.

Persons: Mark Spitznagel, Spitznagel, Ray Dalio, We're Organizations: Universa Investments, Business

☆ I'm an American who's lived in Nepal for 7 years. Adjusting to life here came with a steep learning curve.
▼ + stars: | 2024-02-20 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +5 min

Hayden Rue, an American traveler, shares what it's like to live in Nepal. AdvertisementThis as-told-to essay is based on a conversation with Hayden Rue, a 32-year-old expat who's lived in Nepal since 2016. Hayden Rue in Lumbini with World Bank Project. Hayden Rue in Patan Durbar Square. Hayden Rue lived in Kathmandu Valley when he first moved to Nepal.

Persons: Hayden Rue, Rue, —, who's, I've, Hayden, I'm Organizations: Service, Peace Corps, World Bank, Bank, Hayden Locations: American, Nepal, Salem , Oregon, West Coast, Lumbini, Patan Durbar, Kathmandu, Kathmandu Valley, Pokhara, Syangja, Khumai, Sri Lanka

☆ Here's the inflation breakdown for January 2024 — in one chart
▼ + stars: | 2024-02-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

The consumer price index, a key inflation gauge, rose 3.1% in January relative to a year earlier, the U.S. Labor Department said Tuesday. Where inflation was high in JanuaryCartons of orange juice on display in a grocery store in Los Angeles. Mario Tama | Getty ImagesDespite broad disinflation, there are specific categories where inflation remains relatively high. watch nowAdditionally, shelter inflation is up 6% in the last 12 months. Shelter is the largest component of the average household's budget, and stubbornly high inflation in the category has propped up overall inflation readings.

Persons: Spencer Platt, That's, Mark Zandi, it's, Zandi, J.P, Mario Tama, beefsteaks, Amy Smith, Smith Organizations: Getty, U.S . Labor Department, Moody's Analytics, Workers, Labor Department, Morgan's, Investment, Group, Consumer, University of Michigan, Finance Locations: Brooklyn, U.S, Los Angeles, Brazil, Florida

☆ This legendary investor likes taking contrarian views — but only if they meet 3 criteria
▼ + stars: | 2024-02-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFrom Michael Burry's "Big Short" against the housing market to Warren Buffett's warnings during the dot-com bubble, some of the biggest names in finance have taken contrarian stances that paid off. Legendary forecaster Gary Shilling is also defying market consensus by warning the S&P 500 could crash 30%, and predicting a recession will strike this year. He told Business Insider in an interview he actively seeks to disagree with Wall Street for several reasons. This story is available exclusively to Business Insider subscribers.

Persons: —, Michael Burry's, Warren Buffett's, Gary Shilling, Shilling, Merrill Lynch's, John Paulson, doesn't, Copernicus, David Rosenberg, it's Organizations: Service, Business Locations: Newton

☆ A year after bankruptcy concerns, Carvana is leaner and ready for its Wall Street redemption
▼ + stars: | 2024-02-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

Carvana over the last 18 months aggressively restructured its operations and debt amid bankruptcy concerns to pivot from growth to cost-cutting. Carvana puts each vehicle it intends to sell through a lengthy inspection, repair and sale preparation process. A Ford F-150 is prepped for a painting booth at Carvana's vehicle reconditing center outside Phoenix. The Wall Street Journal in December 2021 detailed a network of Garcia companies that do business with DriveTime, Carvana or both. Carvana sells such warranties or other service-related protections to customers, and DriveTime takes them over, giving Carvana a commission.

Persons: Michael Wayland, Ernie Garcia III, Ernie Garcia II, Garcia, Carli, Carvana, There's, Richard, Dick, Nixon, there's, Ernie Garcia, pathing, Rajat Gupta, Doug Guan, we've, CNBC Guan, Coldplay, Neil Diamond, Teresa Aragon, DriveTime, Duckling, Garcia II, Charles Keating's Lincoln, hasn't, – Organizations: CNBC PHOENIX, CNBC, Ford, Ford Motor, Nissan, State, Charles Keating's Lincoln Savings & Loan, Street Journal, DriveTime Locations: Tempe, Ariz, Tempe , Arizona, Phoenix, Carvana, Florida, reconditioning, Silicon Valley, Aragon, DriveTime, Drivetime

☆ CNN took an 11-day cruise through some of the most-contested waters on Earth. Here’s what we learned
▼ + stars: | 2023-12-03 | by ( Brad Lendon | ) edition.cnn.com time to read: +23 min

China claims almost all of the 1.3 million-square-mile South China Sea as its sovereign territory. In daylight hours in the South China Sea, from Ottawa’s flight deck or outdoor bridge wings, Chinese warships are often visible to the naked eye. Aviator Gregory Cole/Canadian Armed Forces PhotoOn October 29, things take a potentially dangerous turn, one that could have cost lives and ratcheted up tensions in the South China Sea to new levels. Radar operators scan their instruments in a Canadian antisubmarine warfare helicopter over the East China Sea. Hammerhead targets drones await their fate on the deck of the frigate HMCS Ottawa in the South China Sea.

Persons: Sam Patchell, Jacob Broderick ,, Ben Hughes, Gregory Cole, he’s, “, King Neptune, Xi Jinping, Brad Lendon, Rafael Peralta, Collin Koh, ” Patchell, Patchell, Aviator Gregory Cole, ”, haven’t, Xi, Rob Millen, they’d, Long, Peralta, It’s, Qinetiq, Noble, That’s, Cmdr, Sean Milley, Christine Hurov, Wally Shirra, it’s, Wally Schirra, Loverboy’s, Australia’s, doesn’t, We’ll Organizations: HMCS, HMCS Ottawa CNN, Royal Canadian Navy, Canada, United, Naval Warfare Officers, Canadian Armed Forces, US Navy, Ottawa, CNN, Canada’s Defense Ministry, Chinese Communist Party, Coast Guard, Rajaratnam, of International Studies, People’s Liberation Army Navy, PLA Navy, United Nations, Ottawa's, Cyclone, Canadian, Royal Canadian Air Force, Chinese Defense Ministry, Pentagon, troika, Peralta, Brisbane, CNN Radio, New, New Zealand Navy’s, Cmdr, HMNZS Aotearoa, Australian, Southern Hemisphere, One Locations: HMCS Ottawa, Taiwan, Ottawa, China, United States, Canadian, South China, Gaza, Ukraine, East, Washington, Singapore, Beijing, Spratly, Vietnam, Philippines, Malaysia, Brunei, Chinese, South, East China, CNN Beijing, Canada, Gulf of Mexico, West Coast, Australian, Brisbane, Australia, Japan, New Zealand, Okinawa, replenishments, Aotearoa, American, Ottawa’s

☆ The stock market will 'zig-zag' 5% higher toward new record levels in December, Fundstrat says
▼ + stars: | 2023-11-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is poised to jump 5% in December to test record highs, according to Fundstrat's Tom Lee. But it won't be a straight line higher, and the upcoming jobs and inflation reports could spark a temporary sell-off. AdvertisementThe stock market is poised to "zig-zag" towards record highs in December, with the S&P 500 rising 5% to 4,800, according to a Monday note from Fundstrat's Tom Lee. October personal consumption expenditures price data, set to be released on Thursday, should be "soft" and help drive stocks initially higher, according to Lee. But any stock market declines on the November jobs and inflation reports will likely be short-lived and Lee recommends investors buy the dip.

Persons: Tom Lee, Lee, —, Jerome Powell Organizations: Service, Federal Reserve, General Motors, Ford, Fed

BOULDER, Colo. (AP) — Deion Sanders wants his players reading all those stories about how good they are. You see all the attention that we’re getting?’ That has registered now,” Sanders said Tuesday as he prepares for his home debut at Colorado this weekend against Nebraska. ... Focus on the bad things, focus on the things that we weren't able to do at a high level. Deion Sanders rattled off a long list of accomplishments against the Horned Frogs, a team that was favored by three touchdowns. — His QB son setting nine school records ("Kordell Stewart called me not happy about it," Sanders joked of the former Colorado standout).

Persons: — Deion Sanders, isn't, Sanders, ”, ” Sanders, Magic Johnson, Patrick Mahomes II, J.J, Watt, FanDuel Sportsbook, I’m, “ We’re, Matt Rhule, he’s, ” Rhule, “ They’ve, Shedeur Sanders, that’s, Tom Brady, who's, Don’t, “, Deion Sanders, Travis Hunter, — Dylan Edwards, —, Kordell Stewart, Eric Olson Organizations: TCU, Nebraska, of Fame, Jackson State, ”, Buffaloes, Big, Colorado, ” TCU, AP College Football, AP Locations: BOULDER, Colo, Colorado, Boulder, Nebraska, Minnesota

☆ How a Harvard grad school dropout launched a startup during the Great Recession—and sold it for $375 million in just 7 years
▼ + stars: | 2023-07-28 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +7 min

In 2007, while working as a Morgan Stanley analyst, von Tobel started working on a 75-page business plan. A year later, she entered Harvard Business School, assuming she'd need training and connections to launch a successful startup. She credits her detailed business plan, and her conviction that she could tap into an underserved market of people who urgently needed help. Fast forward, I went to Harvard and Harvard Business School, and I remember being taken aback that there was zero education about the wallet and our finances. I was in this extremely cozy, safe cocoon with a clear life plan.

Persons: von Tobel, Morgan Stanley, Von Tobel, Von, hadn't, would've Organizations: CNBC, Harvard Business School, Northwestern Mutual, Harvard, Alexa Locations: New York, America

☆ They climbed mountains to escape Nazis. Now their great grandchildren are making the same journey
▼ + stars: | 2023-07-16 | by ( Oliver Briscoe | ) edition.cnn.com time to read: +7 min

CNN —Over the ridge of the mountain, across the border was the promised land, the neutral territory Spain – an escape, a second chance, a future. During World War II, a perilous route through the Pyrenees mountains provided a means for hundreds of thousands of resistance fighters, civilians, Jews, allied soldiers and escaped prisoners of war to evade Nazi pursuers. Sitting down with them, Tim reflected on how this human drama played out against the backdrop of America’s role in bringing an end to World War II. Born July 9, 1923, he made his escape over the Pyrenees in July of 1944. Although Franco was sympathetic to Germany, Spain remained neutral during World War II, largely because of its dependence on US imports.

Persons: ”, Paul Williams, Richard Christenson, Ruth, Marie Janiszewski, Oliver Briscoe Formally, Luke Janiszewski, “, ’, Kathryn, Marie, Luke, Jake, “ I’d, Tim, Christenson, Oliver Briscoe, Paul Broué, Broué, Guy Seris, ” Seris, Franco’s, Franco, Frank McNichol, Joseph McNichol, ” McNichol, ” Joseph McNichol, Joseph McNichol McNichol Organizations: CNN, SS, Freedom Trail Association, Joseph McNichol US Air Force, Floridian Locations: Spain, Nazi, France, Europe, France’s Ariege, Baltimore, England, French, Seix, Germany, Spanish, Isaba

☆ Startup studio Fractal created 130 companies in 3 years. Founders say the deal structure has led VCs to 'blacklist' them.
▼ + stars: | 2023-06-29 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +19 min

www.fractalsoftware.comOf the dozens of Fractal startups that have raised a seed round of funding, about half had Bienville Capital lead the deal, according to people familiar with the matter. Others say they knew what they were getting into with a venture studio, where a large ownership position is standard. Brendan Smialowski/AFP via Getty ImagesThe biggest draw for some Fractal founders was its plug-and-play approach. The founder of one Fractal startup remembered a time when his company was struggling to grow its customer base. That firm is raising a new $325 million fund to provide additional funding to Fractal companies exclusively, according to a person familiar with the effort.

Persons: Fractal's, he'd, they'd, Andreessen Horowitz, Mike Furlong, Nate Baker, Bienville, —, Brendan Smialowski, Founders, Angela Lee, Furlong, Baker, Ezra Shaw, who'd, who's, It's, Lee, She's, 8VC, Bain, Jeff Greenberg, Omri Bloch, who've, didn't, Stephanie Palazzolo, Melia Russell Organizations: Flatiron Health, Bienville, Insight Partners, Bienville Capital, Getty, Columbia Business School, Alpha, Midwest, Science, Olympic Club, Tiger Global, Craft Ventures, Founders, Vertical Venture Partners, Zag, Crew Capital, Bain Capital, Universal, Foundation, Fifth Locations: Bienville Capital, New York, Bienville, Indio, AFP, Santa Monica , California, Miami, San Francisco, GreenSpark, Columbia, Barti, Aktos, Bessemer, 8VC

☆ What to do if you see an alligator and how to survive an attack, according to a wildlife expert who keeps pet gators
▼ + stars: | 2023-05-29 | by ( Graham Flanagan | ) www.businessinsider.com time to read: +5 min

If an alligator bites you, don't try to pry its jaws open. But, in reality, alligators don't often attack humans. Alligators don't eat peopleAlligators have been lurking in Earth's waters for tens of millions of years. Don't try to run in a zig-zag pattern, as that'll just take you longer to go farther. Don't try to pry open the jaws.

☆ A fund manager for institutional clients shares the offensive and defensive strategies she uses to build portfolios that can navigate all conditions and last generations — plus what all investors can
▼ + stars: | 2023-05-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Menon has discretion over several institutional clients' portfolios including endowments, foundations, pensions, and healthcare institutions. Regardless of expectations, Menon emphasizes that it's hard to build a portfolio around any particular macroeconomic outcome. This means creating a portfolio that prioritizes offensive assets through equities while adding defensive securities, she noted. When it comes to defensive positions, the two most important things a portfolio needs protection against are inflation and deflation. "Private equity would fall more in the space of offense in terms of generating long-term growth in a portfolio," Menon said.

☆ Family offices move to 'risk on' with plans to load up on stocks, private credit
▼ + stars: | 2023-05-08 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

At a time when many investors are pulling back, family offices are moving into "risk on" mode, with plans to buy more stocks and alternative investments this year, according to a new survey. Nearly half (48%) of family offices plan to buy stocks this year, according to Goldman 2023 Family Office Investment Insight Report. "Family offices, for the most part, are really risk-on for the next 12 months," said Meena Flynn, co-head of Global Private Wealth Management at Goldman. The family offices surveyed have 12% of their assets in cash, slightly higher than 2021 levels. "The concept of staying invested is very important to the family office community.

☆ Stocks are set for more volatility as the 'unlucky 13' months of strong job growth complicates the Fed's mission to cool the economy
▼ + stars: | 2023-05-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

A blowout jobs report and could make the Fed's job of tamping down inflation harder. The April US jobs report showed nonfarm payrolls grew by of 253,000 and a fall in the unemployment rate to 3.4%. Wages are key to the Fed's inflation outlook, and April brought a 0.5% rise in average hourly pay – the biggest monthly increase in a year. "This is a market that's really going to struggle. "It's too early to assess the likelihood of an additional Fed rate hike in mid-June, but this latest jobs report will push the excessively data-dependent Fed towards further tightening – a mistake in our view."

☆ Russia digs in as Ukraine prepares to attack
▼ + stars: | 2023-04-27 | by ( Tom Balmforth | ) www.reuters.com time to read: +9 min

And in the case of Polohy, Russia has constructed two distinct defensive lines, one to the north and one to the south. Musiyenko estimated that Ukraine would have a force of between 100,000-110,000 for an attack, including eight assault brigades with a total of 40,000 troops. Russia has not said how many troops it has in Ukraine, or within its borders ready to deploy. A leaked U.S. intelligence document dated Feb. 28 seen by Reuters said the West had committed 200 tanks to Ukraine. Army chief Valeriy Zaluzhnyi said in December he needed 300 to defeat Russia, along with other vehicles and artillery.

☆ How Russia has fortified parts of Ukraine ahead of a possible counteroffensive
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

A map shows all the locations in Russia, along its border with Ukraine, and in Russian-held Ukraine, where the American Enterprise Institute found any kind of fortification built by Russia. Four maps show when the fortifications built by Russian along its border with Ukraine and in Russia-held Ukraine were first spotted on satellite imagery. In December 2022 and January 2023, fortifications appeared inside Russian regions and more parts of occupied Ukraine. Russian forces have dug many such trenches along what they see as key roads and junctions, and outside strategic cities, Africk said. A zoomed-in map shows fortifications around several towns such as Tokmak, Bilmak and Mykhailivka, along plain terrain and along major roads in Russian-held Ukraine.

☆ Why Is Chartreuse Hard to Find Right Now? Ask the Monks Who Make It.
▼ + stars: | 2023-04-14 | by ( Becky Cooper | ) www.nytimes.com time to read: +1 min

According to Chartreuse Diffusion, the business arm of the monks’ operation, it took more than 150 years for the Carthusians to “unravel the secret of the manuscript.”Chartreuse became “a mixologist’s ace in the hole,” said Joe Kakos, an owner of Kakos Market, a liquor store in Birmingham, Mich. Many credit Murray Stenson, a bartender at the Zig Zag Café in Seattle, with repopularizing the liqueur in 2003 when he resurrected the century-old Last Word cocktail, a mixture of gin, Chartreuse, lime juice and maraschino liqueur. “I almost feel a little bit guilty,” said Ben Dougherty, the cafe’s owner. In 2020, as the pandemic turned many people into at-home mixologists, sales of Chartreuse in the United States doubled, a pattern that held true worldwide, according to Chartreuse Diffusion. Global sales topped $30 million in 2022.

☆ PHOTOS: Inside the front-line trenches around a destroyed town where Ukraine is fighting the war's longest and bloodiest battle
▼ + stars: | 2023-03-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +1 min

Trench warfare has been a major element of fighting between Ukraine and Russia around the eastern city of Bakhmut. Photographs from the area show elaborate networks of trenches that slice through the earth. This is what life looks like in Ukraine's front-line fortifications. A French photographer who documented life in Ukraine's trenches before the war previously described the fortifications in Ukraine's eastern Donbas as "endless bowels of Earth." Here's what life looks like in the front-line trenches near Ukraine's bloodiest and most intense battle, the fight for Bakhmut.

☆ Mortars, artillery and small arms fire as battle for Bakhmut rages
▼ + stars: | 2023-03-16 | by ( Mike Collett-White | ) www.reuters.com time to read: +3 min

[1/2] Ukrainian service members fire a mortar towards Russian troops outside the frontline town of Bakhmut, amid Russia's attack on Ukraine, in Donetsk region, Ukraine March 6, 2023. Reuters reporters heard dozens of shells being fired from Ukrainian positions near Chasiv Yar and Bakhmut on Thursday alone. Ihor, a 36-year-old soldier at the mortar position, said they had been targeted by air strikes, mortar fire and tank shelling. In the next door town of Chasiv Yar, a volunteer evacuation team drove a minibus through potholed lanes between small homes, many of them in ruins as artillery shelling shook the ground. On the side of the next street a man prepared a fire to make shashlik while a woman sat nearby chatting.

☆ 'Ant-Man and the Wasp in Quantumania' reviews: The villain is good, but the movie is bad
▼ + stars: | 2023-02-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

DisneyAre the pint-sized heroes of Disney's "Ant-Man and the Wasp in Quantumania" enough to take on the newest — and baddest — villain of the Marvel Cinematic Universe? Marvel Studios' "Ant-Man and the Wasp: Quantumania." "Ant-Man and the Wasp in Quantumania" held a 53% "rotten" rating from 148 reviews, as of Wednesday afternoon. "Sometimes the weight of all this responsibility causes 'Ant-Man and the Wasp: Quantumania' ... to buckle at the knees," O'Sullivan wrote. Hope Van Dyne (Evangeline Lilly) and Scott Lang (Paul Rudd) in "Ant-Man and The Wasp in Quantumania."

☆ Tesla's price cuts have triggered a serious surge in buyer interest
▼ + stars: | 2023-01-19 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Interest in Teslas on car-shopping website Edmunds surged after last week's price cuts. Tesla's price cuts also come at a time when shoppers are still struggling to find good deals on new vehicles, making discounts like Tesla's all the more appealing, Caldwell wrote. No longer priced as luxury vehicles, Tesla's cars will now compete with EVs marketed to mainstream buyers. The price cuts also allow Tesla's vehicles to qualify for an additional $7,500 tax credit on new EVs as part of the Biden administration's Inflation Reduction Act, another draw for shoppers. "Price cuts of 20% or more, with incentives, nationwide don't come around often, so acting now is in your best interest before any corrections in the opposite direction."

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