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Hooman Shahidi, the CEO of the EV-charger firm EVPassport, said 5G could help change this. A test with 5G chargers showed EVs charged faster and more efficiently than 4G-powered chargers. Hooman ShahidiA bad road trip inspired the company's founderUsing the EVPassport system, as Shahidi describes it, is simple. The company got a 5G boost in 2021Roughly a year after the company's founding, something new augmented the EVPassport system: 5G. The majority of EV chargers are currently operating on WiFi, ethernet, or 4G because 5G isn't yet available everywhere across the US.
Persons: Hooman Shahidi, Shahidi, Aaron Fisher, Fisher, Aaron, EVPassport, — it's Organizations: BMW, Google, Apple, BMW i3, 5G, Verizon, EV Locations: Santa Monica , California, Venice, Los Angeles, New York City, Hartford , Connecticut
Marjorie Taylor Greene stars in a new rap music video in which she is declared "MAGA's MVP." Florida-based rapper Kurt Jantz, who goes by Forgiato Blow, released a new music video on Sunday dedicated to the Georgia representative. Throughout the video, Greene silently nods her head next to Jantz or remains in the background, sitting on a throne or atop a red convertible. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 16, 2023This is not the first time Greene has tried to insert herself into hip-hop culture. "We don't care if you're white/Don't care if you're black/We don't care if you're gay/We're all under attack," they sing.
Persons: Marjorie Taylor Greene, MAGA, Marjorie Taylor Greene's, she's, Kurt Jantz, Forgiato Blow, Marjorie, RINOs, Greene, Jantz, Greene's, Joe Biden, , Marjorie Taylor Greene 🇺🇸 ( Organizations: Trump, Service, Georgia, Twitter Locations: Wall, Silicon, Florida, Georgia
The US even reminded everyone just how influential the buck is when it effectively froze Russia out of the global financial system with sanctions last year. Becoming the issuer of the global reserve currency is about trust. The US has controlled the global reserve currency for 102 years — giving it a special status in the world economy. Still, given that the country controlling the global reserve currency holds that status of an average of 94 years, history seems to indicate it's high time for a successor. Why shouldn't the financial world resemble something closer to the mosaic of cultures, politics, and nations that exists today?
Persons: Chenzi Xu, there's, Xu, , Ron Temple, Gregory Brew, Eurasia's Brew, dollarizing, Stephen Jen, Jen, we've, Stanford's Xu, Luiz Inácio Lula da Silva, Josh Lipsky, " Lipsky, It's, Alexander Wise, Jan Loeys, Loeys, dollarization, Wise, Lazard's Temple, isn't, Phil Rosen Organizations: Stanford, Federal, European Central Bank, People's Bank of China, Lazard, Publishing, Getty Images, International Monetary Fund, Bank of International Settlements, Eurasia Group, Sandman's, Eurizon, IMF, Atlantic Council, JPMorgan Locations: Russia, Israel, France, China, America, Saudi Arabia, Brazil, India, Pakistan, Bolivia, Iraq, South Africa, Beijing
Analysts' at Bank of America have named a host of stocks that are poised to outperform heading into second earnings season. The bank said this week there are several "high quality" buying opportunities that aren't getting enough investor attention. CNBC Pro combed through the top Bank of America research to find analysts' favorite ideas as earnings releases ramp up. They include: Mondelez, SolarEdge , Rollins, Thomson Reuters and Broadcom. Bank of America recently initiated coverage of the stock with a buy rating, calling Rollins "a high-growth compounder through economic cycles."
Persons: SolarEdge, Rollins, Thomson, Jason Haas, Haas, BofA, Julien Dumoulin, Smith, Dumoulin, Heather Balsky, Balsky, Dirk Van de, MDLZ Organizations: Bank of America, CNBC, Thomson Reuters, Broadcom, Rollins, . Bank of America Locations: 2Q23, Europe, U.S
New York CNN —A 10-day UPS strike could cost the US economy $7.1 billion. The union has said it will go on strike August 1 without an agreement on a new contract. The Teamsters union did not have an immediate comment on the study. The $7.1 billion cost estimates would nearly double the $4.2 billion total economic hit of the costliest recent strike, the 2019 strike at General Motors. He said that the cost of the strike would be limited if it only lasts a couple of days, but would increase rapidly after that.
Persons: , Glenn Zaccara, Patrick Anderson, Anderson Organizations: New, New York CNN, UPS, Anderson Economic Group, Teamsters, Anderson Economic, General Motors Locations: New York, Michigan
An AI engineer says most people don't understand what AI can really do and what it can't, yet. Those working in AI understand when startup claims are realistic and when they're mostly hype. Generative AI is just way, way overhyped right now and that means that many of the AI startups getting VC funding today are going to fail. Today's AI can't really do what so many startups say their apps can do because AI can't reliably predict things. So, how can you tell if an AI startup's technology will work or if it and the company will likely fail?
Persons: OpenAI, I've Organizations: salespeople, Amazon, Costco, Walmart Locations: San Francisco, Seattle , New York
Green pipes in the Neighbourhood Energy Utility energy center divert sewage to heat pumps. Data centers can heat homes tooAcross the ocean, Stockholm is tapping into a major heat source: data centers. They found that in about 25% of those places there was enough heat underground to recycle for energy. Benz says it's worth considering adding those underground pipes as part of new construction, especially building new streets, which absorb extra heat. Of course, underground heat builds up the most in summer, when people don't need to heat their homes.
Persons: Derek Pope, Pope, Johanna Nerell, Nerell, Yui Mok, Susanne Benz, Benz Organizations: Green Tech, Service, US Environmental Protection Agency, EPA, City of, Winter, City Council, Stockholm, Nature Communications, Reuters Locations: Europe, Canada, Glasgow, London, Vancouver, City, City of Vancouver, Vancouver , British Columbia, Stockholm, Mongolia, Islington
Stellantis to build new Jeep Compass as fifth model in Melfi
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +2 min
MILAN, July 13 (Reuters) - Stellantis will build the new Jeep Compass, one of the carmaker's bestsellers in Europe, as the fifth model for its Melfi plant in southern Italy, two sources close to the matter told Reuters on Thursday. The new model will be a development from the Compass SUV the Franco-Italian group currently produces in Melfi, one of its main assembly sites in the country. The new Jeep Compass will join four other new models the carmaker had promised for Melfi but which it has not yet officially announced. The production of models in Melfi underpinned by the new Stellantis platform for medium-sized cars is expected to start during 2024. Stellantis currently also builds Jeep's Renegade and Fiat's 500X models in Melfi.
Persons: Stellantis, Carlos Tavares, Adolfo Urso, Melfi, Germany's, Italy's Lancia, Giulio Piovaccari, Gilles Guillaume, Keith Weir Organizations: MILAN, Jeep, Reuters, Compass, Jeep Compass, Germany's Opel, Thomson Locations: Europe, Melfi, Italy, Italian, Paris
It echoed the Greenhouse report's findings: a majority of employees, 76%, would actively seek a new job if flexible-work policies were retracted. Upon running an internal survey, they realized that, aside from better compensation and career-advancement opportunities, employees were seeking better flexible-work policies. Their story echoes the collective message from all three reports: companies must adapt to flexible-work policies or risk being swept away. The Greenhouse report bears testament to this, with 76% of employees open to job hunting if their company rolled back flexible-work policies. As we set sail into the future of work, flexibility isn't just a passing trend; it's a necessity, the new standard.
Persons: Greenhouse, Unispace Organizations: Companies, Service, Federal Reserve's Survey, Household Economics, New York Times Locations: Wall, Silicon
CNN —There finally appears to be proof that Jamie Foxx is on the mend. — Jamie Foxx (@iamjamiefoxx) July 10, 2023CNN has reached out to representatives for Foxx for comment. The actor has been recovering since April, when he experienced an undisclosed medical complication, according to his daughter, Corinne Foxx. Doing really, really good,” Turner said. He’s in really, really good shape and spirits.
Persons: Jamie Foxx, Foxx, tay Organizations: CNN, TMZ Locations: Chicago, ife
Active ETFs have attracted $100 billion of net inflows over the past 12 months, according to a report from State Street. The growth of active ETFs could help other Wall Street firms take on the industry's dominant players. Some smaller JPMorgan active equity funds that have brought in cash this year include JPMorgan Active Value ETF (JAVA) and the JPMorgan Active Growth ETF (JGRO) . Two-thirds of U.S.-centric active funds fell short of their relevant indexes in the first half, according to a report from Morningstar. Active funds did fare better than passive funds in many categories, like small cap growth — perhaps a more fair comparison, given that passive funds do include fees and trading costs — but underperformed significantly in the popular large-cap blend category, according to data from Morningstar Direct.
Persons: that's, JEPI, outperforming, JEPI's Organizations: Securities and Exchange, State, JPMorgan, BlackRock, Street, JPMorgan Asset Management, JPMorgan Nasdaq Equity, Value, Growth, Capital, Morningstar, Morningstar Direct
Coloplast buys fish skin woundcare firm for up to $1.3 billion
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +1 min
COPENHAGEN, July 7 (Reuters) - Coloplast (COLOb.CO) has agreed to buy Iceland-based Kerecis, a biologic wound care firm that uses fish skin to develop tissue-transplant products, for up to $1.3 billion, the Danish medical equipment maker said on Friday. "Kerecis represents an attractive opportunity to strategically strengthen Coloplast's presence in the advanced wound care market by entering the high-growth, U.S.-centric biologics segment," the Danish firm said in a statement. Coloplast said it expected the acquisition to be marginally dilutive to earnings in the short term but increasingly accretive from 2026-2027 onwards. As a result of the deal, Coloplast raised its long-term organic growth guidance to 8-10% from 7-9% previously, it said. Kerecis has developed and patented a technology platform based on intact fish skin from wild Atlantic cod, which is being used to treat burns and other complex acute and chronic wounds including diabetic, venous, trauma, and surgical wounds.
Persons: Coloplast, Kerecis, Louise Breusch Rasmussen, Anna Ringstrom, Mark Potter Organizations: Thomson Locations: COPENHAGEN, Iceland, Danish, U.S
Ukraine's military has been using its long-range weapons to attack Russian command posts. A command post set up at the National Training Center at Fort Irwin in California during a training exercise. A destroyed Russian army command post pictured on March 13, 2022. One is to move command posts further from the lines and fortify them against bombardment or special-forces raids. Virtual reality would enable command posts to remain in secure locations far from the front.
Persons: , Scott Woodward, James Geelen, Michael Peck Organizations: Army, Service, Command, US Army, National Training Center, Fort, GPS, CPs, Arms Army, Milford Beagle, US, Britain's Royal United Services Institute, Ukrainian Armed Forces, US Army CPs, Colorado . US Army, James Geelen Command, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russian, Fort Irwin, California, Chornobaivka, Ukrainian, Kherson, Gen, Fort Leavenworth in Kansas, China, Taiwan, Russia, Fort Carson, Colorado, Forbes
Companies Stellantis NV FollowMILAN, July 5 (Reuters) - The head of carmaker Stellantis (STLAM.MI) said Beijing's decision to restrict exports of two metals widely used in semiconductors and electric vehicles should not push Western companies to reduce their exposure to China. "It's not realistic nor it is in the interest of Western companies," Tavares said. However it does work with a number of Chinese companies, including ones using gallium and germanium for products the carmaker is buying from them, Tavares said. Its first application will be for new Peugeot 3008 SUV, whose production will start this year at Sochaux facility in France. With the STLA Medium "we're really entering the race," Tavares told reporters, underlining the company's ambition in electric cars.
Persons: carmaker, Carlos Tavares, Tavares, Giulio Piovaccari, Gilles Guillaume, Keith Weir Organizations: Monday, European Union, Peugeot, Sochaux, Thomson Locations: China, France, Italy, Germany, North America
Life at Sea's three-year cruise will get a bigger ship
  + stars: | 2023-07-05 | by ( Julia Buckley | ) edition.cnn.com   time to read: +12 min
Life at Sea Cruises is now owned and operated entirely by Miray Cruises, a company with a 30-year history of operating in the Aegean. Bigger ship, fewer guestsStaterooms on the new ship will have 20 square feet more per cabin, say Miray Cruises. Life at Sea CruisesMeanwhile, Miray says it is launching its first Life at Sea cruise in its new ship as planned in November. MV Lara will be larger than the Gemini, Kendra Holmes, CEO of Miray Cruises, told CNN. And this Miray team is accommodating to everyone – If there are concerns, they fix it, if there are ideas they put them into place.
Persons: Miray, , Mikael Petterson, Irina Strembitsky, Petterson, Staterooms, Lara, Kendra Holmes, Holmes, ” Holmes, Cruises, Heidi Klum, AIDA Cruises, Sharon Lane, , ’ ”, Meredith Shay, Shay, Ingrid Warwick, “ It’ll, “ That’s, Finnbarr Webster Organizations: CNN, Sea Cruises, Cruises, Miray Cruises, Gemini, Carnival, Sea, Petterson, Vie Locations: Europe, German, , Florida, Germany, Istanbul
It has plans to move all its future products onto four new BEV platforms, STLA Small, Medium, Large and Frame, starting with STLA Medium from Europe this year. The STLA Medium platform will support several propulsion configurations; in full electric configuration it will feature a standard range of over 500 kilometres, which can be raised to up to 700 kilometres with a 'performance pack'. "BEV is the focus of the design of this platform," Tavares said. Stellantis said it currently offered 26 models in the market segments which will be served by the STLA Medium platform. Aimed at the mid-sized cars, the STLA Medium platform will be the base for up to two million Stellantis vehicles a year, built in several plants across the world, the Italian-French group said in a statement.
Persons: BEV, Carlos Tavares, Stellantis, Tavares, Ram, Alfa Romeo, Giulio Piovaccari, Keith Weir Organizations: MILAN, Wednesday, Fiat Chrysler, Peugeot, PSA, Citroen, Opel, Thomson Locations: Europe, France, Italy, Germany, North America, Italian
The gaming-centric WD Black SN850 M.2 NVMe SSD (bundled with the mandatory heatsink) consistently tops lists of the best internal SSDs for PS5, and it's now $90. This is the lowest price we've ever seen for this specific kit, and it's a great deal for PS5 storage in general. The best deal on an internal SSD for PS5WD Black SN850 1TB SSD with Heatsink This WD Black SN850 is a gaming-ready M.2 NVME SSD. Lower than ever, this PS5-ready model includes a heatsink, and it offers a sizable speed boost compared to the PS5's internal storage, with read speeds up to 7,000MB/s. Many gamers can get by with double the storage, which is exactly the jump you'll take by installing the 1TB WD SN850.
Persons: it's, you've, you'll Organizations: PlayStation, AAA
[1/3] Stock brokers monitor new on television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. REUTERS/Akhtar SoomroKARACHI, July 3 (Reuters) - Pakistan's benchmark share index scored its biggest single-day jump in 15 years on Monday, gaining 5.9% on the first trading session after the country secured a last-gasp funding deal from the International Monetary Fund (IMF). The KSE 100 index (.KSE) closed up 2,442.06 points at 43,894.7, marking its biggest percentage gain since June 24, 2008, when it rose 8.6%, as per Refinitiv data. "Today's gain in the benchmark KSE 100 Index will likely to be highest in the history of Pakistan Stock exchange," it said. Several automakers including Pakistan Suzuki Motor Co (PKSU.PSX) had announced prolonged plant closures in 2023, citing import restrictions.
Persons: Akhtar Soomro, Shehbaz Sharif, Muhammad Iqbal Jawaid, Arif Habib, HCAR, Asif Shahzad, Swati Bhat, Lincoln, David Holmes Organizations: Pakistan Stock Exchange, REUTERS, International Monetary Fund, IMF, Topline Securities, Pakistan Stock, Pakistan, U.S ., Pakistan Suzuki Motor, Honda, Pakistan Suzuki, Indus, Toyota, Auto, Arif, Arif Habib Ltd, Thomson Locations: Karachi, Pakistan, Akhtar Soomro KARACHI
Both the Fitbit Sense 2 and the Apple Watch Series 8 are the latest generation of their brand's flagship wearable — and are the best Fitbit and best Apple Watch, respectively, you can buy. While the original Fitbit Sense had a small touch-sensitive haptic button on the left-hand side of the watch, Fitbit added a physical button to the Fitbit Sense 2, which is easier to operate, especially during workouts. Antonio Villas-Boas/Rick Stella/Insider Apple Watch Series 8 vs. Fitbit Sense 2: Smartwatch performanceIt's clear the Sense 2 was built with health and wellness in mind but beyond that, its smartwatch capabilities are limited. Apple Watch Series 8 vs. Fitbit Sense 2: Battery lifeAntonio Villas-Boas/Rick Stella/InsiderOne of the main reasons you'd want the Fitbit Sense 2 over the Series 8 is its battery life. The Apple Watch Series 8 costs $100 more than the Fitbit Sense 2 but it is a more full-featured smartwatch.
Persons: you'd, we've, Antonio Villas, Rick Stella, Fitbit, I've, you've Organizations: Apple, Apple Watch, Price Apple, Amazon Apple, iOS Battery, Spotify, Fitbit, iOS
A look through China's economy today reveals a few dilemmas, especially for investors trying to gauge future growth. The nature of China's economic recovery over the last few months from Covid have unique characteristics that aren't easily captured in broad strokes, Goldman Sachs' Andrew Tilton and a team pointed out back in late May. That means the stock winners of China's recovery are likely hidden under broader market performance. One month since Goldman's assessment, China's economic trajectory remains the same. "If weak confidence becomes so entrenched, it could be self-fulling and derail the economic recovery."
Persons: outflows, Michael Pettis, Chang Li, There's, — it's, Goldman Sachs, Andrew Tilton, Covid, — CNBC's Michael Bloom Organizations: Peking University, CNBC, Citi, AIA, Hong Locations: U.S, China, Hong Kong, Shenzhen
Elon Musk announced limits to how many tweets Twitter users could view to combat data scraping. "To address extreme levels of data scraping & system manipulation, we've applied the following temporary limits," Musk announced on Twitter in the first of a series of tweets about the decision. Throughout the day, Musk continued posting about the rate limits, increasing the number of posts users could view each time. As Twitter users scrolled through the site, once they reached the new viewing limits, no new content would be displayed. "Futzing with rate limits is probably the easiest way to break Twitter."
Persons: Elon Musk, we've, Musk, Yoel Roth, Roth, Reddit, Linda Yaccarino's Organizations: Twitter, Google, Elon, Bloomberg
The tech-centric Nasdaq Composite climbed Friday, sealing a 32% gain since the end of 2022. Photo: Victor J. Blue/Bloomberg NewsModest daily stock gains cinched a strong six months on Wall Street, fueled by investors’ optimism that inflation is easing while the economy continues to hum. Fresh spending data added momentum on Friday, showing milder core-price increases in May compared with a month earlier, while consumer outlays continued to rise. The data lifted major stock indexes on a day of calm trading, rounding out the Nasdaq Composite’s best first half of a year in four decades.
Persons: Victor J, outlays Organizations: Bloomberg, Nasdaq
It is not the end of our relationship with the IMF though, as the SBA is a short-term bridging operation. GARETH LEATHER, SENIOR ASIA ECONOMIST AT CAPITAL ECONOMICS, LONDON"The agreement of a loan deal between Pakistan and the IMF should put the economy back on a more secure footing and limit the biggest downside risks. There is a strong risk that Pakistan reneges on the deal once the immediate crisis has passed. Our target shall be that the next IMF programme should be the last one and it would be a great opportunity to correct our fiscal account once and for all." "Things would have been much better if successive governments would have invested in completing the IMF programme.
Persons: MURTAZA SYED, GARETH, Shehbaz Sharif, ABDUL ALEEM, SHERANI, SHAHBAZ ASHRAF, MAHA RAHMAN, ZAFAR MASUD, MUSTAFA PASHA, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, MOHAMMED SOHAIL, AHFAZ MUSTAFA, ISMAIL IQBAL, SAJID AMIN JAVED, Ariba Shahid, Shilpa Jamkhandikar, Raju Gopalakrishnan Organizations: Monetary Fund, South, IMF, BANK OF PAKISTAN, SBA, State Bank, EFF, Capital, UL HAQ, OF PUNJAB, Pakistan, ARIF, Thomson Locations: Pakistan, ASIA, KARACHI, ISLAMABAD, LAHORE, PAKISTAN
Islamabad was racing against time to unlock $1.1 billion under the IMF's ninth review of a $6.5-billion Extended Fund Facility agreed upon in 2019. The Pakistan government was expecting around $2.5 billion from the IMF, Reuters has reported. PROCESSESPakistan earlier cleared eight of the 11 listed programme reviews, with the ninth review pending since November last year. HOLE IN FINANCESThe government has earmarked $2.5 billion in external receipts from the IMF in its federal budget for FY24. Pakistan needs upwards of $22 billion to service external debt, make interest payments, and finance its current account for FY24.
Persons: Shehbaz Sharif, Ariba Shahid, Raju Gopalakrishnan Organizations: Monetary Fund, IMF, IMF’s, Reuters, Pakistan, CCC, United, Thomson Locations: KARACHI, Pakistan, Islamabad, PAKISTAN, Caa3, Fitch, Saudi Arabia, United Arab Emirates, China, Karachi
5 Scenic E.V. Road Trips
  + stars: | 2023-06-30 | by ( Lauren Sloss | ) www.nytimes.com   time to read: +4 min
travel:California: up the coast, down through wine countryCalifornia is lousy with scenic drives, from its extensive, 840-mile coastline to routes through the magnificent Sierra Nevada. The route is also the focus of a new electric vehicle-centric initiative, with eight new E.V. New Mexico: The High Road to the Enchanted CircleA road trip between Santa Fe and Taos — two standout New Mexico destinations — is a decided win. The route has beautiful scenery, a dose of history and is easily doable in an E.V. planning tool and then hit the 56-mile High Road to Taos, which passes through villages with epic views of the Sangre de Cristo Mountains.
Persons: , , Cowing, Martin Ray, Mount, it’s, Worthy, that’s, Butch Cassidy Organizations: Point, Gifford, Forests, Elk Loop, Rockies, New, Sundance Locations: United States, California, Sierra Nevada, San Francisco, Point Reyes, Bodega Bay, Jenner, Mendocino ., Philo, Boonville, Sonoma, Healdsburg, Sebastopol, Petaluma, Washington, Chahalis, Naches, Okanogan, Wenatchee, Mount Rainier, Colorado, Elk, Elk Loop Colorado, Carbondale, Crested, Gunnison, New Mexico, Santa Fe, Taos, , Cristo, El, Red, Taos Ski Valley
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