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☆ The easiest way to travel full time? See what a 28-year-old paid for an apartment on a cruise ship
▼ + stars: | 2022-12-07 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

The MV Narrative is now under construction in Split, Croatia, from where it will set sail in 2025. The MV Narrative, the first cruise ship from operator Storylines, is scheduled to set sail from Croatia in 2025. A computer-generated image of the bathroom in a "Global" penthouse residence on board the MV Narrative cruise ship. A rendering of a residents' lounge on board the MV Narrative cruise ship, which is expected to carry around 1,000 passengers. A computer rendering of the living quarters of an "Envision" residence on board the MV Narrative cruise ship.

☆ How electric air taxis could shake up the airline industry in the next decade
▼ + stars: | 2022-12-03 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +5 min

Companies across the U.S., including several startups, are developing electric air taxis that aim to take cars off the road and put people in the sky. In October, Delta Air Lines joined the list of airlines backing EV technology startups, with a $60 million investment in Joby Aviation, a company developing electric vertical takeoff and landing aircraft (eVTOLs), intended to operate as an air taxi service. In 2021, when Joby announced its plan to launch its Uber-like air taxis by 2024, it generated criticism from industry analysts on the ability to launch by that date. One is for $15 million with Eve Air Mobility for 200 aircraft, and another for $10 million with Archer Aviation for 100 eVTOLs. Air taxis could hit markets in the 2030sWhile major airlines enter agreements with global startups, it's important to remember these are conditional.

☆ BMO's Brian Belski sees modest stock-market gains in 2023 on hopes of a tame recession
▼ + stars: | 2022-12-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

BMO set its S & P 500 base case target for 2023 at 4,300, a little more than 5% above Wednesday's close of 4,080.11. Belski assumes the U.S. suffers a modest economic downturn and that the Fed ends its hiking cycle by May, at the latest. "We think any potential recession this time around will be much tamer," Belski said in a note to clients. The S & P 500 fell into a bear market, and today stands more than 14% lower on the year. He noted that the S & P 500 has averaged a 5.8% gain during years coinciding with a recession while its earnings per share averaged only a 2.7% decline.

The Euro STOXX 600 (.STOXX) gained 0.4%, recovering from its worst session in almost two weeks a day earlier. Shares in London (.FTSE) were up 0.8% and markets in Paris (.FCHI) and Frankfurt (.GDAXI) gained around 0.2%-0.3%. Hopes of faster easing of China's strict restrictions rose after an official said they will continue to fine-tune policy to reduce the impact of its "Zero COVID" on society. The sudden bout of optimism on China combined with talk of possible output cuts by OPEC+ to help oil prices rally. Shares of Chinese property companies surged after the country's securities regulator lifted a ban on equity refinancing for listed property firms.

☆ Asia shares take comfort in China property rally
▼ + stars: | 2022-11-29 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Shares of Chinese property companies surged after the country's securities regulator lifted a ban on equity refinancing for listed property firms. read moreThat helped Chinese blue chips (.CSI300) bounce 1.1%, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.7%. Markets were still nervous that the widening web of restrictions in China would lead to more public unrest and further undermine growth. read more"The zero China COVID policy has been an absolute gut punch to Apple's supply chain," said Daniel Ives, an analyst at Wedbush. The dollar index rallied to 106.57 , having been as low as 105.31 overnight.

☆ What protests in China may mean for the economy
▼ + stars: | 2022-11-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —Protests against China’s prolonged and restrictive Covid regulations spread across the country over the weekend. Oil plunged and hit 2022 lows on Monday, while shares of companies that rely on China for production felt the heat. Oil prices dropped sharply, with investors concerned that surging Covid cases and protests in China may sap demand from one of the world’s largest oil consumers. They don’t want to end their covid policy but they also want to ensure that the political unrest doesn’t grow. This week is chock full of important economic data releases, many of which will help guide the Fed’s next interest rate hike decision in December.

For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a wealthy reader asks how to get his previously divorced fiancée to sign a prenup. Our columnist asks him to take a step back and think through why it matters that she's divorced. Write to For Love & Money using this Google form. Rooting for you both,For Love & Money

☆ Some Amazon advertisers are fuming after a Black Friday glitch cost them up to hundreds of thousands of dollars while others underspent and missed out on sales goals
▼ + stars: | 2022-11-28 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Amazon's ad tool inaccurately showed how much advertisers spent on Black Friday campaigns. Ad buyers said the glitch cost them betweens tens of thousands to hundreds of thousands of dollars. The range of overspending varies wildly from tens of thousands of dollars to hundreds of thousands of dollars, the agencies said. Ad buyers often devote up to 80% to 90% of their Amazon ad budgets to these two formats. Another agency source suspects Amazon might decline to give their money back and simply tell advertisers that their overspent ad dollars drove sales.

☆ Diplomatic foes Iran and U.S. clash in winner-takes-all contest
▼ + stars: | 2022-11-27 | by ( Hritika Sharma | ) www.reuters.com time to read: +3 min

Ties have been strained in recent years when then-President Donald Trump pulled the United States out of an Iran nuclear deal. The United States killed a top Iranian general in 2020 and Tehran responded with missile strikes at U.S. forces based in Iraq. The eagerly awaited meeting is a rematch of the 1998 World Cup group stage contest, dubbed the "mother of all games", which Iran won 2-1. Overshadowing Iran's World Cup build-up this year has been civil unrest at home over the September death in police custody of 22-year-old Mahsa Amini, arrested for flouting the country's strict Islamic dress code. They sang quietly on Friday at the Ahmad bin Ali Stadium, where boos and jeers were heard from Iran supporters.

☆ IMF urges China to boost COVID vaccinations, restore property sector confidence
▼ + stars: | 2022-11-23 | by ( David Lawder | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 23 (Reuters) - The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector to restore confidence and reduce risks from a global economic slowdown and high energy prices. In a statement following virtual meetings for its annual review of China's economic policies, the IMF said it was maintaining GDP growth forecasts issued in October. The IMF said economic risks for China were tilted to the downside, due to headwinds from a global slowdown, higher energy prices and tighter global financial conditions. PROPERTY SUPPORTThe Fund applauded authorities' recent support initiatives for China's slumping property sector, including a loan program to help complete unfinished homes and allowing forbearance on troubled property loans. The IMF also renewed its longstanding call for more market-based reforms in China, including ensuring "competitive neutrality" between private and state-owned firms.

☆ Mazda unveils $11 bln EV spending plan, considers investing in battery production
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Nov 22 (Reuters) - Japan's Mazda Motor Corp (7261.T) on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery production. "We will promote the full-fledged launch of battery EVs and consider investing in battery production. We estimate Mazda's EV ratio in global sales to rise to a range between 25% and 40% as of 2030," Mazda said in a statement. Its previous EV sales target was 25% by 2030. Mazda CEO Akira Marumoto also told reporters the company had reached a supply agreement with battery maker Envision AESC for its EVs produced in Japan.

☆ Mazda to invest $11 billion to electrify its vehicles
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Japan's Mazda Motor Corp (7261.T) will invest about 1.5 trillion yen ($10.58 billion)to electrify its vehicles, including boosting production of battery EVs, and aims to increase their share in the company's overall global car sales by 2030. The ratio of electric vehicles (EVs) in global sales is expected to rise to between 25 percent and 40 percent as of 2030, from 25% previously, the company said in a statement. Automakers worldwide are spending billions of dollars to ramp up battery and EV production in the face of tougher environmental regulations. In August, Toyota Motor Corp (7203.T) said it would invest up to 730 billion yen in Japan and the United States to make batteries for fully electric vehicles as opposed to hybrid gasoline-electric cars like the Prius. Shoichi Matsumoto, Envision AESC chief executive, told Reuters last month it was in talks with automakers in Japan, Europe, the United States and China for new supply deals.

☆ Mazda to invest $11 bln by 2030 to procure EV batteries - Nikkei
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Japan's Mazda Motor Corp (7261.T) plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC, the Nikkei business daily reported on Tuesday. The Hiroshima-based automaker will secure batteries and seek to increase production of fully electric vehicles at factories in Japan through the partnership with Envision AESC, the newspaper reported. Both Mazda and Envision AESC declined to comment. Mazda is set to hold a news conference at 0530 GMT on Tuesday to talk about it medium-term business plan. Shoichi Matsumoto, Envision AESC chief executive, told Reuters last month it was in talks with automakers in Japan, Europe, the United States and China for new supply deals.

☆ Why solar electric vehicles might be the next generation of EVs
▼ + stars: | 2022-11-22 | by ( Katie Brigham | ) www.cnbc.com time to read: +4 min

In this article 57LA-FF Follow your favorite stocks CREATE FREE ACCOUNTThe world's first commercial solar electric vehicles are hitting the U.S. and European markets in the next few years. German company Sono Motors , Southern California-based Aptera Motors, and Dutch company Lightyear are all producing electric vehicles with integrated solar panels, which can harness the sun's power to provide around 15-45 additional miles on a clear day. This is roughly 15 miles a day, which is perfect for commuters," said Sono Motors co-CEO and co-founder Laurin Hahn. Production of Aptera Motors' solar electric two-seater vehicle is set to begin next year in Carlsbad, California. Its lithium-ion battery gets 390 miles per charge, with an average of 20 or so additional miles from solar, up to nearly 45 miles.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). Financial planner Adrianne Yamaki, who only works with millionaires, has advice for a recession. She recommends increasing your cash reserves now; you'll want cash to invest when stocks are cheap. To help figure out how anyone can continue to recession-proof their finances as the year comes to an end, financial planner Adrianne Yamaki, who only works with millionaire, shared the tips she gives her clients. Yamaki says that having that mindset can help you rebalance and diversify your investments during a potential recession.

☆ Tosca Musk, Elon’s sister, has a business venture of her own – and it’s all about romance and female sexuality
▼ + stars: | 2022-11-20 | by ( Faith Karimi Cnn Photographs Austin Steele | Faith Karimi | ) edition.cnn.com time to read: +15 min

It’s their first public film premiere since the pandemic started. Musk, 48, is the force behind Passionflix, which adapts romance novels into movies and streams them to a devoted niche audience. “Passionflix focuses on adapting romance novels exactly as the fan and the author envision it,” Musk says in a separate CNN interview. From left to right: Tosca Musk, Kimbal Musk, mother Maye Musk and Elon Musk at Maye's 50th birthday party in 1998. One of the founding members, she says she spent the pandemic years curled up on her couch, watching Passionflix movies.

☆ ‘I Finally Had Enough.’ Real-Estate Agents Reveal Why They Canned a Client.
▼ + stars: | 2022-11-18 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Have you ever had to tell a client you wouldn’t work with them anymore? Cindy Scholz, real-estate agent, Compass, New York CityI lean into my spirituality. However, this one client—and her crystals—put me to the test. The client was introduced to me through my meditation group. It’s a fun exercise I like to do with clients, where we envision what their new home will look like in detail and how they’ll feel in it.

☆ A few big-time FedEx contractors have a new plan to boost struggling delivery outfits. Here's why it could work where the last one fizzled.
▼ + stars: | 2022-11-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The 6,000 contractors who deliver for FedEx Ground have been having a tough year. ThinkISP is a think tank launched in October by eight large FedEx contractors. FedEx Ground, the division that handles the majority of the giant's e-commerce business, contracts with 6,000 small businesses for doorstep deliveries. FedEx contractors have had a tough year navigating fuel costs, and operational changes. Moreover, the think tank chose its top issues "collaboratively" with FedEx Ground, Johnson said.

☆ ‘I Finally Had Enough.’ Real-Estate Agents Reveal Why They Canned a Client
▼ + stars: | 2022-11-16 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

☆ UK bond dealers see jump in gilt issuance for 2023/24 - Reuters poll
▼ + stars: | 2022-11-16 | by ( David Milliken | ) www.reuters.com time to read: +4 min

However in the 2023/24 financial year, gilt issuance is expected to jump to 238 billion pounds, according to the median poll forecast, the second highest ever after the 486 billion pounds of issuance in 2020/21 to fund COVID-19 support measures. “It feels like there shouldn’t be too many surprises, but the gilt market remains febrile, and even small news could create oversized reactions,” he said. Gilt issuance is distinct from public sector net borrowing (PSNB), the main borrowing measure forecast by Britain’s Office for Budget Responsibility. Here GEMMs expect PSNB, excluding public-sector banks, to rise to a median 187 billion pounds, almost double the 99 billion pounds forecast by the OBR in March. Next year it is forecast to fall to 142 billion pounds, versus an OBR forecast of 50.2 billion pounds.

☆ Exclusive: Tesla has considered exporting EVs from Shanghai to U.S., Canada
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: +5 min

Tesla's evaluation has included consideration of whether parts made by Tesla's China-based suppliers would be compliant with regulations in the United States and Canada, they said. Tesla would not be the first U.S. automaker to ship made-in-China vehicles to the United States. Tesla's Shanghai Gigafactory has the capacity to produce 1.1 million electric vehicles per year after an upgrade earlier this year, making it Tesla's most productive manufacturing hub. The Shanghai plant makes Model 3 sedans and Model Y crossovers to sell in China and for export to markets including Europe, Australia and Southeast Asia. That means Tesla vehicles could potentially be exported to North America at a competitive price.

The sources say Justice Department officials are looking carefully at a cross section of past cases involving the mishandling of classified material. Though his comments were about the separate Jan. 6 investigation, Justice Department officials said they apply broadly. Experts say the public evidence in the Mar-a-Lago case seems unambiguous. Less clear is whether there are aggravating factors — such as whether the Justice Department can prove Trump obstructed justice by failing to turn over documents despite a grand jury subpoena. Martin’s lawyers said he was a hoarder, and prosecutors concluded that he had not given classified information to anyone.

☆ EXCLUSIVE Tesla mulls exporting China-made EVs to United States-sources
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +5 min

Tesla's Shanghai Gigafactory has the capacity to produce 1.1 million electric vehicles per year after an upgrade earlier this year, making it Tesla's most productive manufacturing hub. The California plant, Tesla's first, produces the Model S, the Model 3 sedans and the Model X and Model Y crossovers. At the same time, the price gap between Tesla cars sold in China and the United States has been widening, reflecting both higher U.S. prices and new discounts in China. Tesla sells the Model Y for the equivalent of $49,344 in China, compared to the U.S. price of $65,990. loadingTesla would not be the first U.S. automaker to ship made-in-China vehicles to the United States.

☆ Tech CEOs all made the same dumb mistake, thinking the pandemic boom would last forever. Now employees are paying the price with massive layoffs.
▼ + stars: | 2022-11-09 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg took accountability for the mistake that led to this week's 11,000 job cuts at Meta. That mistake: Thinking the pandemic-era good times for tech would last forever. Many other tech companies made the same mistake. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended," Zuckerberg wrote in a memo to employees on why he's cutting 11,000 jobs at Meta. Startups raised money in eye-watering amounts, even as the major tech companies saw their share prices soar.

☆ Analysis: Nagging U.S. Treasury liquidity problems raise Fed balance sheet predicament
▼ + stars: | 2022-11-08 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

The Fed's balance sheet though remains at a lofty $8.7 trillion, down modestly from a peak of nearly $9 trillion. Fed' balance sheetHowever, there are underlying liquidity and volatility problems in U.S. Treasuries amid the Fed's aggressive rate hike cycle. While the Fed is determined to reduce its balance sheet, if the problems facing investors get out of control, some analysts said the Fed may just halt or suspend it. UBS economists said last month the Fed's balance sheet runoff will face several complications through 2023, prompting the Fed to sharply slow or fully stop balance sheet reduction sometime around June 2023. BCA's Swift said while the Treasury market has grown dramatically since 2008, dealer intermediation, has remained low, noting that regulations made it less appealing for dealers to undertake such activity in the Treasury market.

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