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The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.
Persons: It's, Terry Woychowski, Warren Buffett, , BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, , GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, , China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province
Only the big will crack the $1 trln LBO code
  + stars: | 2023-04-12 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +9 min
Lenders will only tiptoe back, meaning deals need the big checks and extra elbow grease in credit markets that favor the largest private equity firms. Private equity firms depend on borrowed money to reduce how much of their own they use in any single deal and to magnify returns as a percentage of their initial investment. Imagine a private equity firm acquires a company for $1 billion, then flips it five years later for $1.5 billion. Though the private equity industry is awash in so-called dry powder, fundraising is increasingly tilting to the largest fund managers. Buyout firms are apt to keep their plans more conservative to garner higher ratings – meaning, again, less leverage and more upfront cash.
The seesaw-like tension between interest rates and stock prices should remain in play in the week ahead, as investors focus on comments from Federal Reserve Chairman Jerome Powell and the February employment report. There are few earnings in the week ahead, so economic data will likely be a main driver for stocks, along with the comments from Powell. The futures market is pricing in a high chance for a quarter point, or 25 basis point hike in March. Week ahead calendar Monday Earnings: WW International, ThredUp, Trip.com, Lordstown Motor, Ciena, Grindr 10:00 a.m. Initial claims 10:00 a.m. Fed Vice Chair for Supervision Michael Barr Friday Earnings: Embraer 8:30 a.m. Employment report 2:00 p.m. Federal budget
Freelance writer Henry Williams said ChatGPT wrote a convincing article in just 30 seconds. Williams told The Guardian the article needed a little editing, but was worth £500 ($615). Writing in The Guardian on Tuesday, Henry Williams said the bot's article needed a little editing — but once edited, was something he'd have charged £500 ($615) to write. Williams said the bot's article was simplistically-structured and written in an inhuman tone, but the "key points, the grammar, and the syntax were all spot on." However, ChatGPT has shown a tendency to confidently present false information as true, sparking concern that it could contribute to the spread of misinformation across the internet.
David Ripley says crypto price drops tend to expose those that aren't following proper protocol. Earlier this year, FTX swooped in to try and save the distressed firms, posing as the blue-chip of crypto companies. David Ripley, COO at crypto exchange Kraken and incoming CEO of the firm, says price drops tend to expose those that aren't following proper protocol. It will take the crypto from being just a global payment mechanism to a fast and low-cost global payment network. As for major providers in the space, trusted and reliable crypto companies will see an increase in their market share to fill the demand, he said.
It sounds morbid but the exercise is designed to call attention to “missing white women syndrome,” the tendency of news organizations to pay relatively little attention to missing people who don’t fit that category. According to the calculator, the disappearance of a 22-year-old white woman in New York would generate 67 stories. And a missing 25-year-old Black woman from New York would get eight. More than 92% of Americans would have heard about a 22-year-old missing white woman from Nevada, the tool says. There was no comparable data from when “missing white person syndrome” was first talked about two decades ago.
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