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☆ Italvolt to license battery technology from Israel's StoreDot
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 16 (Reuters) - Electric vehicle batterymaker Italvolt will license fast-charging battery technology from Israeli start-up StoreDot to manufacture lithium-ion batteries at a plant it is raising funds to build in Italy, the companies said on Monday. Italvolt will ringfence a minimum amount of the batteries produced at the plant for StoreDot's business and customers, Italvolt's statement said, without specifying the amount. Fast-charge capability could also enable EV manufacturers to install smaller battery packs and thus lower the cost of their cars. Currently, StoreDot licenses technology to its manufacturing partner EVE Energy (300014.SZ) to produce batteries in China and ship to customers in China and Korea. Italvolt is one of a handful of battery startups trying to raise money and build a homegrown European battery industry to compete with the Asian giants that dominate global sales.

You can also get a rewards credit card to get cash back or travel miles on everything you buy. Capital One Venture Rewards Credit Card Learn More Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. The Capital One Venture X Rewards Credit Card is one of the more affordable cards in this category. Capital One Venture X Rewards Credit Card Learn More Information about the Capital One Venture X Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. There are many types of coverage you can get with credit card travel insurance.

Renault and Nissan declined to comment. The two sides have been in intensive negotiations since October when Renault CEO Luca De Meo went to Japan to meet Nissan CEO Makoto Uchida. Renault is looking for Nissan to invest in an electric-vehicle business it will carve out of its operations, while Nissan wants Renault to sell most its roughly 43% stake in Nissan to put the 23-year alliance on a more equal footing, Reuters has previously reported. The details of Renault's proposed protections for Nissan technology were not immediately known. Nissan holds 15% of Renault and does not hold voting rights.

☆ The world's richest person has made his daughter the CEO of Dior. All 4 of his sons have top roles at his companies, too.
▼ + stars: | 2023-01-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Luxury-goods mogul Bernard Arnault is the world's richest personEric Piermont/Getty ImagesBernard Arnault is the world's richest person with a net worth of about $182 billion, putting him $50 billion ahead of Elon Musk. Arnault cofounded LVMH in the 1980s, and is its CEO and chair. All four of Bernard's sons work at LVMH and its brands, too. "Succession planning in strategic roles has been instrumental to the success of LVMH's key brands over the past 20 years," Citi analyst Thomas Chauvet said, per Reuters. Last year LVMH raised the age limit of its CEO from 75 to 80, extending Arnault's possible tenure.

☆ Podcast listeners prefer video over audio alone, according to a new survey, giving YouTube a big edge. Here are more key takeaways.
▼ + stars: | 2023-01-12 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

A survey by Morning Consult found that listeners now prefer podcasts with video than those without. While platforms like YouTube and Spotify have offered audio podcasts for years, another format has been gaining steam recently: video. The poll, which surveyed 2,202 US adults in October, found that 46% of podcast listeners said they prefer consuming podcasts with video. As a result, podcast hosts might be more inclined in the future to invite star studded personalities onto their shows to improve ratings. Live events allow podcast hosts to record episodes in front of in-person audiences and connect with fans after the recording ends.

☆ LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of Dior
▼ + stars: | 2023-01-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis Vuitton CEO Michael Burke, 65. Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior. [1/2] Bernard Arnault, CEO of LVMH Moet Hennessy Louis Vuitton SE, and Delphine Arnault, Executive Vice President of Louis Vuitton, leave after the Spring/Summer 2020 collection show for fashion house Louis Vuitton during Men's Fashion Week in Paris, France, June 20, 2019. Alexandre Arnault, 30, is in charge of products and communication at Tiffany, while Frederic Arnault, 28, is CEO of another group brand, TAG Heuer. The youngest child, Jean Arnault, 24, heads marketing and product development for Louis Vuitton's watches division.

☆ LVMH's Arnault tightens family grip as daughter becomes Dior CEO
▼ + stars: | 2023-01-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

The world's largest luxury group also replaced long-time Louis Vuitton CEO Michael Burke with Pietro Beccari, head of Dior since 2018. Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior. Burke will continue to work with Bernard Arnault, the company said in a statement. The move follows the recent appointment of Antoine Arnault, Bernard Arnault's eldest son, to head the family holding company, replacing veteran executive Sidney Toledano. Alexandre Arnault, 30, is an executive at Tiffany & Co. while Frederic Arnault, 28, is CEO of TAG Heuer - both LVMH brands.

BERLIN, Jan 10 (Reuters) - German carmakers, Tesla, chip producers and battery maker Northvolt met the German chancellor and cabinet ministers on Tuesday to discuss topics from European law on vehicle emissions to energy prices, according to two participants. The annual summit was formerly only for carmakers but was this time dubbed a "mobility" summit, with the broader focus signalled by Northvolt's presence on the guestlist for the first time. Tesla (TSLA.O), was not on the first draft of the guest list shared with participants but was present, according to a participant, alongside German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE), Mercedes-Benz (MBGn.DE) and Opel. Associations, including cyclist club ADFC and rail association "Allianz pro Schiene", criticised the summit as still too car-focused. German chancellor Olaf Scholz, Economy Minister Robert Habeck, Transport Minister Volker Wissing and Labour Minister Hubertus Heil were among those present from the government, the other participant said.

☆ Britishvolt in talks with investors about possible sale
▼ + stars: | 2023-01-09 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, Jan 9 (Reuters) - UK battery startup Britishvolt said on Monday it is in talks with a consortium of investors about selling a majority stake in the company, but did not disclose any names. The company said back in November that it had received short-term financial backing to help it stay afloat. Britishvolt had received backing from mining group Glencore (GLEN.L), which kicked off a funding round for the startup last February. But as of last summer, Britishvolt said it had only raised around 200 million pounds and pushed back its production timeline citing "difficult external economic headwinds." Auto industry executives have said that without local battery production, much of Britain's car industry could shift overseas.

☆ Video captures the moment Rep.-elect George Santos appeared to not hear his name multiple times before he responded during McCarthy's 5th failed speaker vote
▼ + stars: | 2023-01-05 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +2 min

Rep.-elect George Santos momentarily held up the speaker vote by not responding to his name. The video of him not responding prompted Twitter users to further question his identity. Santos," a voice said over a microphone as Santos held his head down and the person next to him appeared to be talking quietly. The video posted by The Recount prompted Twitter users to poke fun at Santos' moment of absence. A fellow congress member called Santos a liar in Portuguese on Tuesday after he cast his vote for Rep. Kevin McCarthy, Insider also reported.

☆ LVMH CEO Bernard Arnault: World's richest person admires Buffett, Jobs
▼ + stars: | 2023-01-05 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

That would be France's Bernard Arnault, the 73-year-old co-founder and CEO of LVMH, the luxury goods conglomerate known for operating iconic brands like Louis Vuitton, Tiffany and Christian Dior. He still holds a 97.5% stake in the iconic French luxury fashion house. How did he become the world's wealthiest person? Amid global market turmoil, Arnault's wealth has held fairly steady in recent months. The vast majority of Arnault's wealth is tied to LVMH's stock, and since 2020, the company's stock price has grown by nearly 65% overall.

Bilt Rent Day is a monthly Bilt Rewards promotion that occurs on the first day of every month. Insider estimates that Bilt points are worth an average of 1.65 cents each when you convert them into airline miles or hotel points. $0 Annual Fee View Full Details Apply nowBilt Mastercard® 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Intro offer N/A Rewards Earn 3X point on dining. The bottom line on Bilt Rent DayBilt Rewards is a points program that you should seriously consider if you rent. You'll earn 2,500 Bilt points for each friend you refer to the Bilt Mastercard® — and 10,000 bonus points after you successfully refer five members.

☆ Inflation pressures have driven holiday shoppers into gift cards, says Morning Consult's Claire Tassin
▼ + stars: | 2022-12-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation pressures have driven holiday shoppers into gift cards, says Morning Consult's Claire TassinClaire Tassin, retail and e-commerce analyst with Morning Consult, joins CNBC's 'Squawk Box' to discuss the state of retail amid the busy hoilday shopping season.

REUTERS/Lucas JacksonCompanies Smith & Wesson Brands Inc FollowDec 20 (Reuters) - The upstate New York city of Buffalo on Tuesday filed a lawsuit in state court accusing major gun manufacturers of fueling violence through irresponsible marketing and sales practices. Defendants in the lawsuit include Smith & Wesson Brands Inc (SWBI.O), Beretta USA Corp, Bushmaster Firearms Industries Inc, Colt's Manufacturing Co LLC and Glock Inc. The city is seeking an unspecified money award to combat gun violence. The case appeared to be the first time a city has sued major gun companies under a 2021 New York law that allows lawsuits against gun makers and sellers for creating a "public nuisance" through their business practices. Reporting By Brendan Pierson in New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ The Asian nation where 35% of people say they’ll 'never travel' again
▼ + stars: | 2022-12-19 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +7 min

Yet, no country came close to the travel reluctance shown in Japan, where some 35% of respondents said they don't intend to travel again. The survey asked about "any leisure travel" and did not differentiate between domestic or international travel plans, said Lindsey Roeschke, a travel and hospitality analyst at Morning Consult. The number of people who say they'll "never travel" again is nearly six times greater in Japan (35%) than in Germany (6%), according to Morning Consult's "The State of Travel & Hospitality" report. We expect to see a return to the pre-2020 demand for international travel sooner rather than later. The British artist known as Miles Takes told CNBC Travel that "international travel still seems a while away" for him.

☆ Congress was once so closely divided that Republicans lost power after the election when too many congressmen died
▼ + stars: | 2022-12-18 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

Control of Congress was once so close, Republicans lost power before they ever met in Washington DC. Fourteen representatives-elect died after election day in 1931 and before the start of the new term. The special elections largely went to Democrats, flipping control of the House before the start of the term. Similarly, the 1930 election followed another major economic event: The 1929 stock market crash. With each new special election that took place, the country plunged further into a Depression, giving Democrats an edge to win their races.

You can buy a CD as a gift for a minor, but you can't give a CD to another adult. How to buy a CD as a gift to a minorWhile you cannot buy a CD as a gift for an adult, you may get a CD as a gift for a minor. Here is a step-by-step guide you can take to buy a CD as a gift for a child:1. Our best CD rates guide has an overview of competitive CD rates for a variety of terms. If you are managing a custodial account, Carlos recommends setting a reminder for the date the CD term will end.

PARIS, Dec 9 (Reuters) - Antoine Arnault, LVMH chairman Bernard Arnault's eldest son, was on Friday named chief executive of family holding company Christian Dior SE, replacing veteran executive Sidney Toledano and stirring speculations of succession at the group. Christian Dior is a listed company that owns the bulk of the Arnault family's stake in LVMH (LVMH.PA) , the world's largest luxury group. At LVMH, Antoine Arnault, a business school graduate and a board member since 2006, oversees the group's communications and environmental issues, driving efforts to shore up its reputation. [1/4] Antoine Arnault, CEO of Berluti, attends the Fall/Winter 2019-2020 collection show for fashion house Berluti during Men's Fashion Week in Paris, France, January 18, 2019. Alexandre Arnault, 30, is an executive at Tiffany & Co. while Frederic Arnault, 27, is chief executive of TAG Heuer.

REUTERS/Gonzalo Fuentes/File PhotoPARIS, Dec 9 (Reuters) - Antoine Arnault, the eldest son of LVMH (LVMH.PA) chairman and chief executive officer Bernard Arnault, has been named chief executive of family holding company Christian Dior SE, replacing veteran LVMH executive Sidney Toledano. Christian Dior SE is a listed company that owns the bulk of the Arnault family's stake in LVMH, the world's largest luxury group. The most visible of the five, Antoine Arnault, 45, oversees the group’s communications and environmental issues, driving efforts to shore up its reputation. The fashion label was folded into the LVMH group in 2017, and Christian Dior SE now holds 41% of LVMH, corresponding to 56% of the voting rights in the group. Alexandre Arnault, 30, is an executive at Tiffany & Co. while Frederic Arnault, 27, is chief executive officer of TAG Heuer.

☆ The wild success of Walmart's generic cream cheese perfectly encapsulates the problems with the American economy right now
▼ + stars: | 2022-12-09 | by ( Alex Bitter | Ben Tobin | ) www.businessinsider.com time to read: +4 min

Walmart's cream cheese was one of the fastest-growing brands of 2022, according to Morning Consult. It was cream cheese from Walmart. Store-brand cream cheese isn't a typical contender for most popular product, said Emily Moquin, food and beverage analyst at Morning Consult. Philadelphia is the market leader in cream cheese, Morning Consult's Moquin said. "That is partially why we see this very specific category of cream cheese being on the list."

☆ Most adults in America and China view other side as enemies or unfriendly, suggesting there may be a political pay-off in exploiting tensions
▼ + stars: | 2022-12-08 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +3 min

Most adults in China and the US view the other side as unfriendly or an enemy, a new poll shows. 66% of Chinese adults and 64% of US adults hold this view, a Morning Consult poll showed. In China, 66% of adults view the US as an enemy or unfriendly. Meanwhile, 64% of US adults said the same about China, though more Republicans (73%) held that view than Democrats (63%). Enmity toward the US among Chinese adults has softened over the past six months, Morning Consult said in its summary of the findings, but "US views of China have hardened."

☆ Crocs, Gatorade Fit, and Walmart-branded cream cheese are among the fastest-growing brands of 2022
▼ + stars: | 2022-12-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Morning Consult compiled a list of the fastest-growing brands of 2022. The top three brands included Meta, Crocs, and Beats by Dre. Morning Consult's report ranks the fastest-growing brands of 2022. Consumers were also more willing in 2021 to try new brands, Moquin said. Different age groups had different favorite brands.

☆ A Harvard Business School grad who now works at Google shares how she got into the top MBA program
▼ + stars: | 2022-12-07 | by ( Brina Patel | ) www.businessinsider.com time to read: +10 min

Olivia Melendez graduated from Harvard Business School in May and is a product manager at Google. Plus, I had always heard that MBA programs prefer that candidates have three to four years of work experience before starting a full-time program," Melendez said. In addition to HBS, she applied to several other top-tier programs, including the Stanford Graduate School of Business, Wharton Business School, and Kellogg School of Management, all of which she was admitted to. Melendez said she used the admissions essay as a chance to tie together pieces of her background that needed additional context. For anyone struggling with the admission essay, Melendez recommended an exercise she learned at MLT.

☆ Exclusive: Green logistics company GoBolt raises $55 million to build out a fleet of electric trucks
▼ + stars: | 2022-12-06 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

GoBolt raised a $55 million in funding, bringing its total capital raised to $162 million CAD. The company achieved a higher valuation compared to its Series B, despite the market "bloodbath". GoBolt seeks to build out its fleet of electric trucks and one day be "carbon negative". The 3rd party logistics company Second Closet hired had just called to say they weren't going to make it. The company raised the funds in Canadian dollars but the amounts have been converted to US dollars for this article.

TOKYO, Dec 3 (Reuters) - Renault SA (RENA.PA) and Nissan Motor Co (7201.T) are set to forgo a Wednesday announcement of a deal to restructure their automotive alliance as they struggle to bridge their differences, three people familiar with the matter said. The French and Japanese carmakers remained apart on how to share intellectual property, the people, who declined to be named, said. Renault and Nissan declined to comment. The companies have been aiming to announce the new alliance structure as early as this month, Reuters reported this week. The question of how to share technology and intellectual property has proved to be a sticking point in the talks.

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