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☆ Top Wall Street analysts pick these 3 dividend stocks for higher returns
▼ + stars: | 2024-04-21 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Enterprise Products PartnersThis week's first dividend stock is Enterprise Products Partners (EPD), a midstream energy services provider. (See EPD Technical Analysis on TipRanks)Goldman SachsLet's move to Goldman Sachs (GS), one of the leading investment banks in the U.S. In the first quarter, Goldman Sachs returned $2.43 billion of capital to shareholders through share repurchases worth $1.5 billion and dividends of $929 million. (See Goldman Sachs Stock Buybacks on TipRanks)Cisco SystemsFinally, let's look at Cisco Systems (CSCO), a networking equipment maker.

Persons: Wall, Elvira Scotto, Scotto, TipRanks, Goldman Sachs, Stephen Biggar, Tal Liani, Cisco's, Liani Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, U.S, Goldman, Biggar, Securities Industry, Financial Markets Association, Cisco Systems, Cisco, Bank of America Securities Locations: Delaware, industrywide

☆ Tesla to cut more than 10% of its global staff
▼ + stars: | 2024-04-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Tesla is reportedly cutting more than 10% of its global staff of 140,000. It did not mention anything about the slowdown in demand for electric vehicles or about Tesla sales. In the fourth quarter Tesla briefly lost its title for the leader in global EV sales to Chinese automaker BYD. It recaptured the EV sales title from BYD in the first quarter, despite the drop in sales. This is not the first time that Tesla has cut staff.

Persons: New York CNN — Tesla, Elon Musk, ”, Electrek, Tesla, Musk Organizations: New, New York CNN, Reuters, General Motors, Ford, EV, US, Tesla Locations: New York, BYD, Germany, Texas, Mexico, Friday’s

☆ Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season
▼ + stars: | 2024-04-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. In theory, higher borrowing costs mean Wells Fargo can generate more money from those interest-earning assets, but it's not that simple. It's hard to say with the fluid inflation and rate expectations whether Wells Fargo might change its NII outlook when it reports on Friday. Wells Fargo also has a key long-term growth prospect in the potential removal of its $1.9 trillion Fed-imposed asset cap. A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.

Persons: Morgan Stanley, We're, Jim Cramer, Wells, Wells Fargo's, Mike Santomassimo, Santomassimo, Jim said, Jim, Wells Fargo, Charlie Scharf, Charlie's, He's, Morgan, there's, Jefferies, Reddit's, James Gorman, Ted Pick, Jim Cramer's Organizations: Club, Silicon Valley Bank, UBS, Investment, JPMorgan, Jefferies, Discover, Wall Street, Amer Sports, Astera Labs, Reddit's, New York Stock Exchange, Street Journal, CNBC Locations: Wells, Silicon, Wells Fargo, Capital, Wilson, Morgan, New York City, U.S

☆ Want to ride the next wave of the AI trade beyond tech? These 2 portfolio stocks fit the bill
▼ + stars: | 2024-04-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

Eaton and DuPont are both unconventional AI plays, as the data center market grows to meet the demands of the generative AI boom. Wells Fargo Investment Institute last month described rising data center demand as having positive "trickle-down effects" on the industrial sector. WFII wrote that spending from Big Tech firms into data centers, in particular, creates "meaningful downstream impacts" for industrial companies. Amazon Web Services is reportedly investing nearly $150 billion in data centers within the next 15 years to support AI efforts. During a Barclays investor conference in February, CFO Lori Koch said DuPont's data center and AI exposure will help boost the company's electronics business.

Persons: Eaton, Jensen Huang, Huang, chipmaker, Sameer Samana, WFII, Jim Cramer, Eaton's, DuPont, Lori Koch, Koch, Jim Cramer's Organizations: The, DuPont, Club, Nvidia, Wells, Wells Fargo Investment Institute, CNBC, Big Tech, —, Microsoft, Services, McKinsey, workloads, Electrical, Management, Barclays, Wall Street, RBC Capital Markets, Eaton, RBC, U.S, De Nemours, DuPont's Electronics, Semiconductor Technologies, DuPont's Semiconductor Technologies, Jim Cramer's Charitable Locations: Wells Fargo, U.S, Eaton, China

☆ Jim Cramer says buy the dip in shares of this quality company of household brand names
▼ + stars: | 2024-04-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. During the Club's Morning Meeting, Jim Cramer said he's monitoring the potential impact of the massive earthquake in Taiwan on semiconductor production there. Jim Cramer called Eaton the "most megatrend big cap story there is," citing positives for the company from industrialization and artificial intelligence. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Eaton, Jim, Procter, Estee Lauder, Jim Cramer's Organizations: CNBC, ADP, Treasury, Wall, Barclays, Procter, Gamble, JPMorgan Locations: Taiwan

☆ Tesla Q1 sales miss Wall Street expectations — and clock the first year-over-year quarterly decline since 2020
▼ + stars: | 2024-04-02 | by ( Graham Rapier | Nora Naughton | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla delivered fewer cars to customers in the first three months of 2024 than Wall Street expected, it said Tuesday, marking the company's first year-over-year sales drop in nearly four years. It's also the first year-over-year decline in quarterly deliveries since 2020, as well as the company's lowest quarterly performance since 2022. Over the past year, Tesla has cut the prices of its cars significantly, hurting its profits in pursuit of sales. During an earnings call last year, Musk said that Tesla could theoretically sell its cars for no profit because of the technology.

Persons: Tesla, —, It's, Elon, Musk, I'm, I've Organizations: Service, Wall, UBS, That's, Elon Musk's, Deutsche Bank Locations: U.S, China

☆ Beyoncé’s ‘Cowboy Carter’ Is Here, and It’s Much More Than Country
▼ + stars: | 2024-03-29 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

Beyoncé has gone country, sure … but it turns out that’s only the half of it. For months, the superstar, who made her name in R&B and pop, has been telegraphing her version of country music and style. At midnight on Friday, Beyoncé finally released her new album, “Cowboy Carter,” and the country bona fides were certainly there. Yet “Cowboy Carter” is far broader than simply a country album. That theory is made clear on the spoken track “Spaghettii,” featuring the pioneering but long absent Black country singer Linda Martell, who in 1970 released an album called “Color Me Country.”

Persons: Beyoncé, that’s, —, Cowboy Carter, ”, Dolly Parton, Jolene, Willie Nelson, Chuck Berry, Rosetta Tharpe, Son, Carter ”, Nancy Sinatra, Sly Stone, Linda Martell Organizations: Stetson Locations: Texas

☆ Baltimore port bridge collapse: Global ocean carriers declare 'force majeure,' leaving U.S. companies on hook for urgent cargo pickup
▼ + stars: | 2024-03-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.

Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port

☆ Here are investor Jenny Harrington's top income plays — and they all yield around 6% or higher
▼ + stars: | 2024-03-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

When income investor Jenny Harrington looks for top dividend stocks, names like Whirlpool come to mind. The home appliance manufacturer not only has a 6% dividend yield, but it has also gotten very cheap, Harrington said. She buys names that have a "reasonably high dividend yield" for her portfolio, which typically generates a 5% dividend yield or better. "We specifically focus on dividend income rather than dividend growth, because the objective of our portfolio is to generate a strong and sustainable income stream for our clients," Harrington said. WHR 1Y mountain Whirlpool's one-year performance She would also like to see the potential for earnings growth in the names she buys.

Persons: Jenny Harrington, Harrington, Jay Brown, Anthony Melone, Ted Miller, William Brown, cyclically Organizations: Whirlpool, Asset Management, Dow Jones U.S, SEC, Investment Management, Crown Castle, Clearway Energy, Clearway, L3Harris Technologies

☆ Cloud software buyers are getting frugal, leading to slower growth at former highfliers
▼ + stars: | 2024-03-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

In 2020, as data analytics software vendor Snowflake was hitting the public market, one of the key stats it was touting to investors was net revenue retention. Snowflake's NRR at the time was 158%, meaning its existing customer base from a year earlier had increased its total spend by 58%. "More pressure on churn (as companies look to reduce point solutions in favor of platforms) and more difficult upsells have pushed net retention down," Ball added. Twilio , which sells cloud-based communications software, reported NRR of 102% in February, with just 5% year-over-year revenue growth. Almost all of Twilio's revenue comes from its division that contains technology for sending text messages and emails.

Persons: Snowflake, Chris Taylor, NRR, Wall, Snowflake's NRR, Aidan Viggiano, Mike Scarpelli, Sridhar Ramaswamy, Frank Slootman Organizations: New York Stock Exchange, NYSE, Nasdaq, Representatives Locations: Snowflake, U.S, Twilio

☆ OpenAI Says Elon Musk Tried To Merge It With Tesla
▼ + stars: | 2024-03-05 | by ( Cade Metz | ) www.nytimes.com time to read: +1 min

OpenAI, in its first public comments about Elon Musk’s lawsuit against the influential artificial intelligence research lab, said that Mr. Musk tried to transform the lab from a nonprofit into a for-profit operation before he left the company in early 2018. The comments, made in a blog post published on Tuesday evening, are part of an escalating feud between Mr. Musk and OpenAI, which is now at the forefront of an industrywide A.I. The company said it intended to move to dismiss all the claims in Mr. Musk’s suit. Mr. Musk filed the suit against OpenAI and its chief executive, Sam Altman, on Friday, accusing them of breaching a contract by putting profits and commercial interests ahead of building A.I. (The New York Times sued OpenAI and its partner, Microsoft, in December, claiming copyright infringement of news content related to A.I.

Persons: Elon, Musk, Musk’s, Sam Altman, OpenAI Organizations: OpenAI, Microsoft, New York Times

☆ On social-media, Black women's content is monetized and appropriated without paying tribute to the creators
▼ + stars: | 2024-03-05 | by ( Kara Alaimo | ) www.businessinsider.com time to read: +6 min

In the influencer world, Black female creators see their work co-opted without credit or apology. Kylie Jarrett, Ph.D., a scholar of media studies, refers to women content creators as "digital housewives," which is fitting because they often earn the same salary as stay-at-home moms: $0. Some of the most exploited people of all are Black women and girls who create content, then watch it get appropriated and monetized by others. They were eventually invited on the show via Zoom — but only after, you guessed it, social media outcry . The experience is so common among Black creators that in the summer of 2021, they went on strike to protest the practice of appropriating their work .

Persons: Kara Alaimo, —, Brittany Ashley, Ashley, cheekily, waitressing, BuzzFeed, Andrea Romo, Snapchat, Katie Feeney, Instagram, Kylie Jarrett, Mark Zuckerberg, Zuck, Jalaiah Harmon, Charli D'Amelio, Kourtney Kardashian, Jalaiah, influencers, TikTokers, Jalaiah wasn't, Jimmy Fallon, Addison Rae, Cardi, Mya Nicole, Chris Cotter, Rae, Mya, Elle, Chris, could've, Cornell, Brooke Erin Duffy Organizations: Women, Service, Globe, West Hollywood, YouTube, Facebook, Influencer, New York Times, NBA Locations: Eveleigh, West, Lowe's, Maryland, United States, Georgia

☆ Super Micro pops more than 25% after S&P 500 selection
▼ + stars: | 2024-03-04 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Super Micro Computer stock popped more than 25% in Monday morning trading after the company was selected on Friday to join the S&P 500. The record rally in Super Micro's stock, driven by the industrywide artificial intelligence boom, has propelled the company's market cap above $50 billion. The median market cap for S&P 500 companies is $33.7 billion. Super Micro will replace Whirlpool in the S&P 500 starting at market open March 18. Goldman Sachs analysts initiated Super Micro stock with a neutral rating and a 12-month target price of $941 in an investor note Monday.

Persons: Goldman Sachs, CNBC's Michael Bloom, Kif Leswing Organizations: Micro Computer, Whirlpool, Nvidia, CNBC PRO

☆ What to Know About the Doctor Protests in South Korea
▼ + stars: | 2024-02-29 | by ( Jin Yu Young | ) www.nytimes.com time to read: +1 min

For more than a week, procedures at some of the largest hospitals in South Korea have been disrupted because thousands of medical interns and residents walked off their jobs. The dispute started in early February, when the government proposed admitting more students to medical schools to address a longstanding shortage of physicians in South Korea. The doctors then took to the streets to the protest the plan, threatening to strike or quit their jobs. Trainee doctors — who are a crucial part of large hospitals — started submitting their resignations on Feb. 19. As of Wednesday, nearly 10,000, or about 10 percent of all doctors in the country, had done so, according to government data.

Persons: ’, ’ pushback, — Locations: South Korea

☆ The fastest-growing hedge funds are now investing conglomerates. That's changing how investors judge the biggest firms.
▼ + stars: | 2024-02-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

The rise in multi-manager hedge funds over the past five years has forced allocators to create a separate due diligence model for the fastest-growing segment in the industry. Even an executive at a midsized multi-manager admits their firm and its peers are "more like corporations than hedge funds." AdvertisementA new type of hedge-fund kingsFounders were once simply the best traders and money-makers, spinning out of banks' trading desks and larger hedge funds. Bobby Jain, the former Millennium executive starting his own multi-billion hedge fund, hasn't traded in decades but was a part of the leadership team at one of the biggest hedge funds in the world. Jobs at multi-manager platforms are roughly a quarter of the industry's overall roles, despite these funds holding roughly 14% of the assets.

Persons: —, allocators, Griffin's, Izzy Englander's, Jack Springate, Allen Cheng, Cheng, Bobby Jain, hasn't, Michael Gelband, Dmitry Balyasny, Steve Cohen, Izzy Englander, Ajay, Kevin Lyons, Lyons, Springate Organizations: Service, Business, Fortune, Goldman Sachs Asset Management, Aon, Millennium, Treasury Locations: Schonfeld's

☆ Silicon Valley Venture Capitalists Are Breaking Up With China
▼ + stars: | 2024-02-21 | by ( Erin Griffith | ) www.nytimes.com time to read: +1 min

DCM Ventures, a Silicon Valley venture capital firm, began investing in China’s start-ups in 1999. The move reaped such blockbuster returns that in 2021, DCM said it planned to “double down” on its strategy of investing in China, the United States and Japan. DCM’s messaging is one example of an industrywide shift happening between Silicon Valley investors and Chinese start-ups. The about-face stems from the tense relationship between the United States and China as they jockey for geopolitical, economic and technological primacy. The countries have engaged in a trade war amid a diplomatic rift, enacting tit-for-tat restrictions including U.S. moves to curb future investments in China and to scrutinize past investments in sensitive sectors.

Organizations: Ventures, China’s, The New York Times Locations: Silicon, China, United States, Japan, South Korea

☆ Walmart Reports Rising Holiday Sales as Shoppers Seek Value
▼ + stars: | 2024-02-20 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +2 min

The NumbersWalmart said its comparable store sales were up 4 percent in the three months that ended in late January compared with the year before. In addition to its same-store sales, Walmart said its U.S. e-commerce business increased 17 percent. At the same time, many retailers, including Walmart, focused on value last year as the economy cooled and shoppers became more selective. The Road AheadAnalysts expect retail sales to continue to moderate this year after a surge in consumer spending during the early stages of the pandemic. U.S. retail sales fell 0.8 percent in January from a month earlier, according to data released from the Commerce Department last week.

Persons: John David Rainey Organizations: Walmart, Target, Kroger, National Retail Federation, Analysts, Commerce Department Locations: U.S

☆ South Korean Doctors Walk Out, Protesting Plan to Increase Their Ranks
▼ + stars: | 2024-02-19 | by ( Jin Yu Young | ) www.nytimes.com time to read: +1 min

Hundreds of interns and residents at major South Korean hospitals walked off the job on Tuesday, disrupting an essential service to protest the government’s plan to address a shortage of doctors by admitting more students to medical school. While South Korea takes pride in its affordable health care system, it has among the fewest physicians per capita in the developed world. The protesters, who are doctors in training and crucial for keeping hospitals running, say the shortage of doctors is not industrywide but confined to particular specialties, like emergency care. They say the government is ignoring the issues that have made working in those areas unappealing: harsh working conditions and low wages for interns and residents. Surveys have found that in a given week, doctors in training regularly work multiple shifts that last longer than 24 hours, and that many are on the job for more than 80 hours a week.

Locations: Korea

☆ Pinterest shares bounce back after CEO announces app deal with Google
▼ + stars: | 2024-02-08 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Pinterest shares plummeted in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue. Revenue : $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv. : $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv. Earnings: 53 cents per share, adjusted, vs. 51 cents per share expected, according to LSEG. Prior to Thursday's report, Pinterest shares were up 9.5% this year after surging 53% in 2023.

Persons: Pinterest, Bill Ready, Evan Spiegel Organizations: Revenue, Google Locations: Toronto , Ontario, Canada, LSEG, Ukraine

☆ GM said the strike cost it $1.1 billion. But it could post a record profit this year
▼ + stars: | 2024-01-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

The automaker said it expects 2024 adjusted earnings of between $9.8 billion to $11.2 billion, which could top the record $11 billion it earned on that basis in 2022. The company reported adjusted net income of $1.6 billion in the fourth quarter, or $1.24 a share. That’s down 46% from a year earlier, partly due to the $1.1 billion cost of the strike, most of which came in the fourth quarter. Revenue of $43 billion in the quarter, down less than 1% from a year earlier, also beat forecasts. Full year adjusted earnings slipped only 5% to $10.5 billion.

Persons: “, ”, Mary Barra Organizations: New, New York CNN, General, Refinitiv, “, GM Locations: New York, Refinitiv ., China, United States

☆ ‘You are barrelling about the skies at 500 miles an hour.’ Why flight attendants want you to stop ignoring them
▼ + stars: | 2024-01-21 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

They were unanimous in their praise for the JAL crew and how they’d seemingly expertly executed their training. He praises the JAL crew for their apparent quick thinking under pressure on January 2. Wirestock/iStockphoto/Getty ImagesFor Japan Airlines, the message that cabin crew are safety experts is delivered via the airline’s inflight safety video. According to Urano, there was some discussion about developing a Japan Airlines safety video starring Doraemon, the Japanese manga cat. Henderson says that as cabin crew, he couldn’t be more familiar with airline safety briefings.

Persons: Mizuki Urano, “, ”, Urano’s –, Urano, Kris Major, ” Major, Nicky Loh, he’s, there’s, ’, ” Urano, Doraemon, Rich Henderson, ” he’s, ” Henderson, won’t, Henderson, you’ve, they’ve, it’s, Igor Vershinsky, Major Organizations: CNN, Japan Airlines, JAL, Former Japan Airlines, Japan Coast Guard, CNN Travel, Alaska Airlines ’ Boeing, Singapore Airlines, Bloomberg, Getty, International Civil Aviation, Safety, Air Transport Association, – Locations: Japan, London, British, Singapore

☆ The surprising history of the barcode
▼ + stars: | 2024-01-18 | by ( Jordan Frith | Clemson University | ) edition.cnn.com time to read: +7 min

The bull’s-eye barcode introduced in Woodland and Silver’s 1949 patent. Despite being the first barcode to be officially adopted by an industry, the multicolored design of the Kartrak symbol is now just a footnote in history. The seven barcode symbol finalists displayed in the official internal reports of the symbol selection committee. The bull’s-eye barcode, after all, was the original barcode symbol, and RCA was a powerful company that had invested significant resources in developing the technology. RCA’s main competitor was a latecomer to the battle for barcode dominance: the IBM symbol invented in the early 1970s by George Laurier.

Persons: They’ve, I’ve, Becker, Bredel, Joseph Woodland, Bernard Silver, Theodore H, Maiman, Kartrak, Carecogn, George Laurier, Stephen Brown, ’, Jordan Frith Organizations: CNN, Stony Brook University, RCA, Litton, IBM, Communication, Clemson University Locations: They’re, Woodland, Troy , Ohio, Clemson , South Carolina

☆ ExodusPoint hired more than 35 portfolio managers in 2023. Here's how the $12 billion firm wants to streamline its recruiting process this year.
▼ + stars: | 2024-01-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Recruiters working with Michael Gelband's ExodusPoint no longer need to track down the hiring manager every time they find a compelling candidate. The multi-strategy manager told its recruiting partners in an email blast that the new process for submitting candidates will be through Greenhouse, the TPG Growth-backed jobs board. Gelband's former boss, Millennium founder Izzy Englander, deemed it a "talent bubble," as firms poach portfolio managers, analysts, and software engineers from each other — driving up compensation industrywide. ExodusPoint's decision to push its external recruiting network to an online portal comes as the firm integrates more than 35 new portfolio managers into its strategy over the last 12 months. Those teams will need analysts, researchers, and developers to support its growing army of portfolio managers, and the firm, like its peers, is always hunting for top-performing PMs.

Persons: Michael Gelband's ExodusPoint, Izzy Englander, Peter McConnon, Michael Lapsa, Kunal Kumar, Balyasny, Stephen Luterman, Peter Cotton, Shen Xu, ExodusPoint Organizations: Business, TPG, Engineers, CTC Capital, Citadel, JPMorgan Locations: Balyasny

☆ One health-insurance startup is bucking the industrywide funding slowdown
▼ + stars: | 2024-01-04 | by ( ) www.businessinsider.com time to read: +3 min

Read previewThe insurance startup Devoted Health managed to raise another $175 million last week despite the venture-capital downturn. Devoted has raised more than $2 billion in funding to date. Funding raised by Devoted and other health-insurance startups isn't included in these figures. New funding follows rapid growthDevoted said the Series E funding round came after a year of fast growth. The round was led by a syndicate that included The Space Between, Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures, Devoted said.

Persons: —, Bill Evans, megadeals, Oscar, Andreessen Horowitz, Catalyst Organizations: Service, Business, Rock Health Capital, Rock Health, Bright, Clover Health, Oscar Health, Highbury Holdings, Stardust Equity, Maverick Ventures, Fearless Ventures, Socium Ventures, Emerson, Prime Capital Partners, GreatPoint Ventures Locations: Waltham , Massachusetts

☆ Why automakers are turning to hybrids in the middle of the industry's EV transition
▼ + stars: | 2023-12-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

Sales of traditional hybrid electric vehicles, or HEVs, such as the Toyota Prius, are outpacing those of all-electric vehicles in 2023, according to Edmunds. Sales of plug-in hybrid electric vehicles, or PHEVs, accounted for only 1% of U.S. sales through November. In comparison, Ford's EV sales are up 16.2% to roughly 62,500 units, accounting for 3.5% of its total sales. Battery breakdown Both hybrids and plug-in hybrids have a traditional engine combined with EV technologies. The world's largest automaker is considered the pioneer of traditional hybrids, with the Prius.

Persons: Scott Mlyn, Biden, HEVs, EVs, There's, Jessica Caldwell, Edmunds, Morgan Stanley, Eric Watson, Jim Farley's, Jeep Wrangler, Motors, Mary Barra, It's, Mark Reuss, Stephanie Brinley, Akio Toyoda Organizations: CNBC DETROIT —, EV, Toyota Prius, Toyota, Honda Motor, Hyundai, Kia, U.S, Representatives, Kia America, CNBC, Detroit automakers, Detroit, Ford Motor, Ford, Chrysler, Jeep, Cherokee, GM, Chevrolet, Automotive Press Association, National, Traffic Safety Administration, American Automotive Policy Council, Reuters, NHTSA, P Global Mobility . Industry, EVs, Wall Street Locations: Edmunds, U.S, That's, Kia America's, China, Detroit, EVs

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