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☆ Ohio woman believes her Stanley cup took a bullet for her, says report
▼ + stars: | 2024-03-02 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

A woman from Ohio says her Stanley cup took a bullet for her. In a TikTok, Rachel Kelley shows the damage the stray bullet did to her house and tumbler. The Stanley cup has become one of social media's most popular portable drinkware brands. AdvertisementA woman from Ohio claims her Stanley cup saved her life after a stray bullet flew through her home and ricocheted off of her tumbler. In the video, Kelley surveys the damage the stray bullet caused her home, panning past a large hole in the wall and a chipped bottle of perfume, and ending on the dented tumbler.

Persons: Stanley, Rachel Kelley, —, Kelley Organizations: Service Locations: Ohio, Steubenville

☆ ‘Dune: Part Two’ can inspire you to revisit these other timeless sci-fi sequels
▼ + stars: | 2024-03-02 | by ( Dan Heching | ) edition.cnn.com time to read: +7 min

Twentieth Century Fox/Courtesy Everett CollectionWhat better way to start off than with one of the greatest sequels – and sci-fi films in general – ever made, with a screenplay that’s been taught in film schools. ‘Star Trek II: The Wrath of Khan’ (1982)DeForest Kelley, William Shatner and Leonard Nimoy in 1982's "Star Trek II: The Wrath of Khan." ‘Dawn of the Planet of the Apes’ (2014)Andy Serkis in 2014's "Dawn of the Planet of the Apes." ‘Star Wars: Episode V - The Empire Strikes Back’ (1980)"Star Wars: The Empire Strikes Back" (1980). “Dune: Part Two” is produced by Warner Bros. Pictures, which, like CNN, is owned by Warner Bros.

Persons: Denis Villeneuve’s, there’s, Sigourney Weaver, –, James Cameron’s Oscar, Ridley Scott’s, Ellen Ripley’s, Carrie Henn, Khan ’, DeForest Kelley, William Shatner, Leonard Nimoy, Khan, Everett, ”, Ricardo Montalban, “ Khan ”, Arnold Schwarzenegger, James Cameron, he’s, Arnold Schwarzenegger’s, Linda Hamilton, Sarah Connor –, Andy Serkis, Caesar, “ Dawn ”, Max, Thunderdome, Mel Gibson, Warner, Mad Max, George Miller’s, Tina Turner’s, Tom Hardy, Charlize Theron, Miller, Theron’s Furiosa, Anya Taylor, Joy, Ernie Hudson, Dan Aykroyd, Bill Murray, Harold Ramis, Annie Potts, Rick Moranis, Peter MacNicol, Howard Huntsberry, George Lucas Organizations: CNN, Rotten, Century Fox, Paramount, “, TriStar, Columbia, ‘, Lucasfilm Ltd, Wars, Warner Bros . Pictures, Warner Bros . Locations: Ripley, ‘, “ Kingdom

☆ The 10 most deeply discounted electric cars right now
▼ + stars: | 2024-02-25 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Discounts are getting bigger after it got harder to qualify for the $7,500 tax credit. In order to deal with a slowdown in demand for big, expensive electric cars — and dwindling federal incentives — dealers and manufacturers are pouring on discounts. By the end of last year, electric cars were seeing some of their highest discounts ever, according to Kelley Blue Book. Changes to requirements for a $7,500 electric vehicle tax credit have also put more responsibility on the dealer and the manufacturer to discount prices. We asked Edmunds for a list of the most discounted electric cars in January.

Persons: —, Elon, Kelley, Edmunds Organizations: EV, Service, Tesla

☆ Early recruitment for investment-banking internships left students scrambling this year. Here are 15 ways to get ahead of the ultra-competitive process.
▼ + stars: | 2024-02-22 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +22 min

But never had one come this early — one year and eight months ahead of said internship’s start date. While it has always been competitive, the investment banking summer internship process has gotten increasingly premature. As a result, wannabe financiers may want to start getting ready for the process as early as their freshman year. The Internship movieNetwork with upperclassmen firstNetworking is one of the most important aspects of getting a competitive investment banking internship. “A lot of kids don't realize they don't want to do it until they’ve done it for 10 weeks after the internship,” Sibley said.

Persons: Steve Sibley, ” Sibley, Goldman Sachs, Sibley, ”, —, they’re, it’s, you’ll, “, ’ inboxes, You’ll, ‘, ’, Goldman, Don’t, Carlo Allegri, don’t, there's, might’ve, “ I’m, Sturti, you’re, It’s, you'll, would've Organizations: Indiana University’s Kelley School of Business, Business, “, Finance, Bank of America, Citi, BI, Investment, Excel, IB, LinkedIn, Goldman, Getty, Lazard, Reuters, I’m Locations: “, New York City, Manhattan, Chicago, Charlotte, Atlanta, Houston, New York

☆ Photographer Paul Pfeiffer ‘camouflages’ celebrities in and out of the public eye
▼ + stars: | 2024-02-21 | by ( Ann Binlot | ) edition.cnn.com time to read: +6 min

The picture, “Four Horsemen of the Apocalypse (30),” is a 2015 work by the Filipino-American artist Paul Pfeiffer. He discovered the original image, a 1967 photograph by famed basketball photographer Walter Iooss Jr., on the NBA’s online archive. In fact, the “Four Horseman of the Apocalypse” series also started out with five other studio-shot portraits of Monroe. “Everything I think about in terms of film celebrities, is even more apt if we think of it in relation to athletes,” said Pfeiffer. Pfeiffer relates the fleeting relationship between stardom and anonymity to the age of influencers and social media stars in particular.

Persons: Converse Chuck Taylor, Paul Pfeiffer, Walter Iooss Jr, Bill Russell, John Havlicek, Wilt Chamberlain, Russell, Iooss Jr, ”, “ Paul Pfeiffer, Paula Cooper, Pfeiffer, —, “ They’re, ” Pfeiffer, “, Marilyn Monroe, George Barris, — Monroe, Marilyn —, Zak Kelley, Monroe, Norma Jean, Pfieffer Organizations: CNN, NBA, Boston Celtics, Philadelphia, NBA Eastern, Boston Garden, Museum of Contemporary Art, Hunter College, Parsons School of Design, Contemporary, Madison Locations: American, Pfeiffer’s reimagining, Los Angeles, New York, Chelsea, Santa Monica, Pfeiffer's

Federal authorities said the second critically endangered North Atlantic right whale found dead in the last month showed injuries consistent with a collision with a ship. The National Oceanic and Atmospheric Administration said it was notified of a dead right whale floating off Savannah, Georgia, on Feb. 13. “The North Atlantic right whale’s nursery is becoming a crime scene," said Greg Reilly, southeast marine campaigner for International Fund for Animal Welfare. "Without enhanced protections, the North Atlantic right whale is doomed to extinction. The right whales were once abundant off the East Coast, but they were decimated during the commercial whaling era and have been slow to recover.

Persons: ”, Greg Reilly, Kevin Kelley Organizations: Atmospheric Administration, NOAA, International Fund for Animal Welfare, Maine Lobstermen's Association, “ Locations: Savannah , Georgia, Massachusetts, Atlantic, Maine, “ Maine, East Coast, Florida, Georgia, New England

☆ What the U.S. can learn from Norway when it comes to EV adoption
▼ + stars: | 2024-02-17 | by ( Jeniece Pettitt | ) www.cnbc.com time to read: +1 min

Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world's largest auto market, China, 24% of new car sales were EVs in 2023, according to the China Passenger Car Association. So that's a big advantage," said Petter Haugneland, the assistant secretary general of the Norwegian EV Association.

Persons: Kelley, Ragnhild Syrstad, Syrstad, Petter Haugneland Organizations: Norwegian Road Federation, China Passenger Car Association, Norwegian Ministry of, Norwegian EV Association . CNBC Locations: Norway, U.S, China, Norwegian, Oslo

☆ Sweet & Sour: Here’s why Valentine’s Day candy is so expensive
▼ + stars: | 2024-02-13 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +4 min

For example, she said a Valentine’s Day-themed heart-shaped box of Sour Patch Kids candy (3.45 oz) was listed on Walmart.com for $3.96 ($1.15 oz), while a regular box of the candy (3.5 oz) costs $1.24 ($0.35/oz). Walmart said it was looking into the price differences, but said some of the Valentine’s Day candy items on its website are listed by third-party sellers on Walmart marketplace. A Walmart supercenter in New Jersey visted by CNN also had the heart-shaped Sour Patch Kids candy box for $3.96 on the shelf. Some Sour Patch Kids Valentine's Day editions cost much more than the regular versions of the candy for roughly the same quantity. “Buy the candy after Valentine’s Day when it’s heavily discounted or buy the regular cheaper version of the candy and package it yourself,” he said.

Persons: don’t, Jolly, Veronica Fletcher, Fletcher, Goldbears, ”, Edgar Dworsky, “, John Talbott, ” Talbott, it’s Organizations: New, New York CNN, Walmart, Bears, CNN, New Jersey visted, CVS, Center for Education, Research, Indiana University’s Kelley School of Business Locations: New York, New York City, New Jersey, Massachusetts, Retail

AUGUSTA, Maine (AP) — The independent commission investigating the deadliest shooting in Maine history was granted subpoena power to compel witnesses to testify or produce documents Tuesday. The commission said it's pleased that the Army will make individuals available to testify, a spokesperson said. Evidence of Card's mental health struggles had surfaced months before the shooting. In May, relatives warned police that Card had grown paranoid, and they expressed concern about his access to guns. Then in September, a fellow reservist warned of a mass shooting.

Persons: Robert Card, it's, Army didn't, Kevin Kelley, Card, Card's Organizations: Army, “, Card, Police Locations: AUGUSTA, Maine, Lewiston, West Point , New York, Bowdoin

☆ ESPN Bet plans launch in New York, the largest U.S. betting market
▼ + stars: | 2024-02-13 | by ( Contessa Brewer | ) www.cnbc.com time to read: +2 min

ESPN Bet is coming to the Big Apple. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting license in 2021. Penn was not — and it has missed out on the action from the nation's largest sports betting market. But Eilers & Krejcik estimated ESPN Bet came away with 8% market share when it launched in November, good enough to take a third-place position. Now, if New York gaming regulators sign off on the license transfer to Penn, ESPN Bet could provide new and potentially formidable competition in the nation's biggest sports betting market.

Persons: Wynn, Penn, Dave Portnoy, Portnoy, FanDuel, Shaun Kelley, Taylor Swift, Travis Kelce Organizations: ESPN Bet, Big Apple, Penn Entertainment, Wynn Resorts, Wynn Interactive, New, New York, Gaming Commission, ESPN, National Football League, Caesars, Krejcik, Bank of America, NFL, Kansas City Chiefs, Penn, CNBC PRO Locations: New York, Pennsylvania, BetMGM

☆ Meet a boomer who thought she'd be retired by now but wants to help her millennial son: 'I'm not going to sit back and watch him not be able to go buy groceries'
▼ + stars: | 2024-02-11 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Kelley Herford, 63, thought she'd be retired by now. AdvertisementKelley Herford, 63, thought she'd be retired at the age of 62, or even 60. Instead of drawing from a strong pension and not worrying about anything — her original vision for retirement — Herford is still punching the clock. "I'm just going to have to work until I can't work any longer," she said. Advertisement"We did everything right," Herford said.

Persons: Kelley Herford, she'd, she's, Herford, —, I've, — Herford, I'm, that's, She's, it's, Ann C, Logue, aren't, boomer Organizations: Service, Pew Research Center Locations: underemployment, Herford, Charleston , South Carolina, Washington, DC

☆ DraftKings and FanDuel are set to be the big Super Bowl winners amid record betting activity fueled by Taylor Swift
▼ + stars: | 2024-02-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewSports betting companies are set to score big at this weekend's Super Bowl, with DraftKings and FanDuel leading the rush, Bank of America said in a Friday note. Sunday's game will see the Kansas City Chiefs play against the San Francisco 49ers, paving the way for blowout betting activity. DraftKings and FanDuel stand to benefit the most from this weekend of big betting, BofA equity strategists led by Shaun Kelley wrote. AdvertisementSports betting industry players are also positioned to benefit from the expected attendance of Taylor Swift, whose presence may kick betting activity into a higher gear, BofA wrote. Some examples of these proposition bets — wagers not tied to the game's outcome — include DraftKings' "how you get the girl," where Kelce scores a touchdown in each half.

Persons: —, FanDuel, Shaun Kelley, Kelley, Taylor Swift, BofA, Travis Kelce's, Swift, FanDuel isn't, Goldman Sachs, it's, Research Ben Andrews, Jim Chanos Organizations: Service, Bank of America, Kansas City Chiefs, San Francisco 49ers, Business, 49ers, Chiefs, NYSE, Leisure, Research

☆ These stocks have upside heading into earnings ahead, Bank of America says
▼ + stars: | 2024-02-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through Bank of America research to find attractive stocks heading into earnings. Global Payments Analyst Jason Kupferberg is doubling down on shares of the payment processing company heading into earnings on Feb. 14 . "If executed well, we still think integrations between ESPN's media app and ESPN Bet could drive sustainable high-single-digit market share," he said. "We are Buy rated on PENN given stable regional gaming trends and upside opportunity from ESPN Bet," Kelley wrote. … While disappointing at face, turnarounds are never a straight line and we think investor expectations for PENN & ESPN Bet remain low.

Persons: it's, there's, Jason Kupferberg, Kupferberg, GPN, Tal Liani, Liani, Shaun Kelley, that's, Kelley, Penn Organizations: Nvidia, Bank of America, CNBC, Arista Networks, Penn Entertainment, Global, Arista, Microsoft, TAM, Penn, ESPN, ESPN Bet, PENN, SG, Enterprise, SAP, VMWare, Dell, Penn Ent, Interactive, … Locations: Bank, CY25, 2H24

☆ Harmony Korine Delivers Chaos at a Hollywood Premiere
▼ + stars: | 2024-02-09 | by ( Sonaiya Kelley | ) www.nytimes.com time to read: +1 min

At the Los Angeles premiere of the filmmaker Harmony Korine’s “Aggro Dr1ft,” which was held on Wednesday night at Hollywood’s Crazy Girls strip club, scantily clad dancers shimmied on three small stages. That’s why the enigmatic filmmaker, actor, photographer, painter, D.J. A merchandise station for EDGLRD, Korine’s multimedia design collective — and his D.J. moniker — was set up in the back corner offering branded T-shirts, hoodies, skateboards and more. sets from the music producer AraabMuzik and from Mr. Korine himself.

Persons: Harmony Korine’s, shimmied, Korine, ”, “ Aggro, —, AraabMuzik Organizations: Los Angeles, Girls, ” Locations: EDGLRD

☆ Taylor Swift will lead to more betting on the Super Bowl, with one sportsbook benefiting in particular, analyst says
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Penn Entertainment's ESPN Bet sports betting service could prove to be a winner at the Super Bowl on Sunday — helped by the Taylor Swift effect, according to Bank of America. Morgan Stanley analyst Stephen Grambling calculates Swift could lead to about a 10% rise in viewership. These include proposition, or "prop," bets that aren't tied to the final score, such as "How many times will Taylor Swift be shown on camera during the telecast of the game?" or "Will the MVP mention Taylor Swift in his speech?" ESPN Bet especially could benefit because, compared with other sports betting platforms, it "may have a higher proportion of female bettors," Kelley wrote.

Persons: —, Taylor Swift, Travis Kelce, Shaun Kelley, Morgan Stanley, Taylor, Stephen Grambling, Swift, Grambling, Kelley, Clark Hunt, CNBC's, aren't, — CNBC's Michael Bloom Organizations: Penn, ESPN Bet, Bank of America, Kansas City Chiefs, NFL, Chiefs, ESPN Locations: Las Vegas, U.S

☆ Bring Office Cubicles Back; Improve Employee Productivity, Hybrid Work
▼ + stars: | 2024-02-05 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +13 min

In a memorable montage from the 1999 workplace satire "Office Space," Peter Gibbons, a fed-up office drone, decides to take a stand. For years, the office cubicle was the four-walled avatar of corporate disaffection. Late '90s films like "Office Space," "Fight Club," and "The Matrix" enshrined its detested status. The tech boom arrived, bringing with it open office plans and a Silicon Valley-led gloss of egalitarianism, epitomized by Google's high-profile headquarters redesign in 2005. The top comment on the "Office Space" cubicle clip on YouTube captures the irony of this shift: "I would have killed for a cubicle," the commenter wrote.

Persons: Peter Gibbons, Google's, weren't, Nikil Saval, Slack, hasn't, Joseph Country, Heather Chapman, Chapman, Sydney Baker, there's, Baker, Thomas Roulet, Roulet, somethings, it's, Kevin Kelley, Shook Kelley, Kelley, cubicles, hewing Organizations: Toyota Corolla, Porsche, Workers, YouTube, Research, Harvard Business School, Environmental Psychology, University of Cambridge Locations: Silicon, Michigan, Louisville , Kentucky, —, Charlotte , North Carolina

WASHINGTON (AP) — To his supporters, Alejandro Mayorkas is a thoughtful, driven secretary — a “Boy Scout” — who brings a prosecutor's tenacity and his personal understanding of the immigrant experience in America to running his sprawling agency. But it is the department’s role in immigration that has made Mayorkas a target of impeachment. Mayorkas said his immigrant and refugee background mean that he brings an intense patriotism to the job. Citizenship and Immigration Service, Mayorkas put in place a program giving protection from deportation to migrants brought to the border as children. Since taking the job as DHS secretary, Mayorkas has been subject to often hostile rhetoric over the administration's handling of the border and immigration.

Persons: —, Alejandro Mayorkas, Ali, he’ll, Tom Warrick, ” Warrick, Joe Biden, Biden, Mayorkas, Donald Trump, “, ”, didn’t, Cecilia Munoz, Obama, Munoz, Barack Obama, “ He’s, Mark Green of, impeaching, William Belknap, Ulysses Grant, Brandon Judd, Trump, Judd, Ahilan Arulanantham, Arulanantham, Angela Kelley Organizations: WASHINGTON, Department of Homeland Security, Republicans, Atlantic Council, “, DHS, Republican, Associated Press, Mayorkas, White, . Citizenship, Immigration Service, Democratic, Trump, House Homeland Security, National Border Patrol Council, Security, Border Patrol, Biden, Center for Immigration Law, UCLA School of Law, American Immigration Lawyers Association, Congress Locations: America, U.S, Mexico, United States, Washington, Ukraine, California, Cuba, Los Angeles, Miami, Mark Green of Tennessee

Elsewhere, Bank of America raised its price target on Nvidia, calling for more than 25% upside. 7:07 a.m.: Deutsche Bank deals latest blow to regional bank after earnings disappoint Deutsche Bank joined the post-earnings dogpile on New York Community Bank . Analyst Bernard von-Gizycki downgraded the regional bank to hold from buy and slashed to price target to $7 from $15. Analyst Alicia Yap upgraded the consumer internet stock to buy from neutral and raised her price target by $6 to $50. — Alex Harring 5:45 a.m.: Bank of America hikes Nvidia price target Don't expect Nvidia to lose momentum anytime soon, according to Bank of America.

Persons: Goldman Sachs, Bernard von, Gizycki, — Alex Harring, There's, Alicia Yap, Sea's, Shopee, Alex Harring, what's, Tim Cook, Brandon Nispel, AAPL's, AAPL, Morgan Stanley, Erik Woodring, we're, Tim Long, Piper Sandler, Harsh Kumar, Meta, Ross Sandler, Benjamin Black, Mark Kelley, Bernstein, Mark Shmulik, LSEG, Rufus, Eric Sheridan, Brian Nowak, outsized, Brad Erickson, Vivek Arya, Fred Imbert Organizations: CNBC, Apple, Bank of America, Nvidia, Deutsche Bank, New York Community Bank, von, Investors, Traders, Citi, Nasdaq, Conference, Barclays, Vision, Meta, Wall Street, Amazon, RBC Capital, Enterprise, SAP, VMWare, Dell Locations: Wall, New, Thursday's, Friday's premarket, China, genAI, CY25

☆ The designer behind Taylor Swift’s viral Chiefs puffer coat now has a deal with the NFL
▼ + stars: | 2024-02-01 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +4 min

CNN —In recent weeks, Taylor Swift has been grabbing seemingly endless attention for the NFL with her attendance at boyfriend Travis Kelce’s games. Juszczyk is a self-taught designer who reworks traditional sports jerseys, T-shirts and assorted merchandise into trendy tailored pieces. Lachlan Cunningham/Getty ImagesOn January 28, Juszczyk wore a cascading full-length 49ers puffer jacket that had a surprise: The words “Super Bowl bound” were embroidered within the sleeves. Her work caught the public eye in particular thanks to a puffer coat custom made for Taylor Swift — sporting Kansas City Chiefs’ Travis Kelce’s jersey number, 87 — which the singer wore to a Chiefs game January 13. Taylor Lautner wore a custom Jusczcyk design to a game between the Los Angeles Rams and Detroit Lions on January 14.

Persons: Taylor Swift, Travis Kelce’s, Kristin Juszczyk, Juszczyk, Lachlan Cunningham, Kelley L Cox, Kyle Juszczyk, ’, ”, Kansas City Chiefs ’ Travis, Swift, Brittany Mahomes, Patrick Mahomes, Simone Biles, Jonathan Owens, Taylor Lautner, Nic Antaya, Lautner, “, ” Kyle Juszczyk Organizations: CNN, NFL, USA, San Francisco 49ers, Sportico, Towson University, Baltimore Ravens, Kansas City Chiefs, Chiefs, Green Bay Packers, Detroit Lions, Los Angeles Rams, 49ers, Lions, Super, NBC Sports Bay Area Locations: Rhode Island, Maryland

☆ Trump's early organizing across the South is paying off as he faces off against Nikki Haley
▼ + stars: | 2024-01-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

The Trump campaign shrewdly worked to gain the backing of top Republicans early in the 2024 race. Former South Carolina Gov. AP Photo/Matt KelleyBy courting Republicans early, Trump essentially created a sense of inevitably around his campaign among many GOP voters, a significant impediment for Haley. DeSantis was once seen as a major threat to Trump's hold over the South, but the Florida governor didn't even make it to the South Carolina primary. Trump now leads Haley among potential GOP primary voters 81%-18%, according to the latest Morning Consult tracking poll.

Persons: shrewdly, Trump, Nikki Haley, —, Donald Trump, Henry McMaster, Sen, Lindsey Graham, Carolina Sen, Tim Scott, Ron DeSantis, Graham, Haley, It's, Gov, Dan Patrick, Ken Paxton, Wesley Hunt, Sid Miller, Greg Abbott, Joe Biden's, Trump's, Matt Kelley, DeSantis, didn't, House . Alabama Sen, Tommy Tuberville, He's, They're Organizations: Trump, Service, South Carolina State House, GOP, Gov, Florida Gov, Former South Carolina Gov, McMaster, Texas ., Texas . Texas Republicans, Republican, AP, South, Alabama Republicans, House . Alabama Locations: Carolina, Florida, Iowa, Texas, Texas . Texas, California, South Carolina, Alabama , Arkansas, North Carolina, Tennessee, Georgia, Mississippi

☆ Online sports betting stocks are primed for a big 2024 as fans ready for the Super Bowl
▼ + stars: | 2024-01-28 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

3 market share position," said Jeff Stantial, director of gaming and leisure research at Stifel. DraftKings stock tripled in 2023 and has already gained nearly 10% in 2024. 'Buying' market share The remaining market share is up for grabs and fluctuates among the smaller players. Stantial expects ESPN Bet has the edge over BetMGM, but says both sportsbooks remain tightly contested for a larger slice of market share. ESPN Bet has been running promotions that include $150 of free bets and $1,000 deposit match upon signing up, according to JPMorgan analyst Joseph Greff.

Persons: Jeff Stantial, Bank of America's Shaun Kelley, You've, Stantial, Joseph Greff, Greff, Walt Disney, Barstool, FactSet, JPMorgan's Greff, Bet365, Clark Lampen, Lampen Organizations: DraftKings, Penn Entertainment, ESPN Bet, MGM Resorts International, Baltimore Ravens, Kansas City Chiefs, San Francisco 49ers, Detroit Lions, New York Stock Exchange, NCAA, Bank of America's, Euronext Dublin, BetMGM, ESPN Bet's, Professional, Amateur Sports Protection, ESPN BET, ESPN, Walt, Barstool Sports, Sportico, Penn, MGM Locations: U.S, North Carolina, Ireland, WynnBet, BetMGM, PENN, York

☆ Not even Tesla can dodge the EV sales slowdown
▼ + stars: | 2024-01-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

While EV sales are continuing to grow, they are doing so at a slower pace, research shows. Elon Musk warned a slowdown in sales growth was coming when Tesla reported earnings on Wednesday. The Warren Buffett-backed EV maker, which sells its vehicles in more than 60 countries and recently overtook Tesla on global EV sales, put an early focus on affordable models such as the $10,000 Seagull. EV sales surged 40% year-on-year in the last three months of 2023 —a "strong result by any measure," as the industry research noted. Aran Waid, senior analyst at Benchmark Mineral Intelligence, said growth in EV sales globally was continuing but that it had "fallen short of automaker expectations."

Persons: Tesla, —, Elon Musk, Musk, China's BYD, Warren Buffett, BYD, Kelley, Aran Waid, Josh Lefkowitz, Mary Barra, Nora Naughton, Suzuki Organizations: EV, Service, Tesla, Getty Images, Benchmark Mineral Intelligence, Ford, General Motors, Hertz, BMW, Toyota, Honda, Nissan Locations: Europe, Japan

☆ Why 2023 Was a Perfect Storm for EVs That Gave China an Edge
▼ + stars: | 2024-01-20 | by ( Graham Rapier | Cadie Thompson | ) www.businessinsider.com time to read: +3 min

"You cannot have EVs that cost $70,000, $80,000, you need to get EVs down to $30,000 or less. But EV prices are still about 28% more expensive than average gas-vehicle prices, an analysis by CarGurus found. AdvertisementLang laid out three reasons China is finding success where competitors are struggling:Scale"The Chinese OEMs are already profiting off a large domestic market," he said. "The Chinese EV players are here to stay," he continued. They may eventually try entering the US market, Lang said, but it might not be easy given all the local competition and incentives to buy domestically.

Persons: —, That's, Nikolaus Lang, Kelley, CarGurus, Lang Organizations: Service, Business, Boston Consulting Group, Economic, American, EV Locations: Davos, Switzerland, China, Europe, America

☆ Americans bought a record number of EVs last year. These were the 10 most popular electric models.
▼ + stars: | 2024-01-17 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Tesla Model Y and Model 3 were the two most popular models in 2023. The most popular EVs last year were also some of the most inexpensive. EV sales surpassed one million units for the first time in 2023. That pushed EVs sales up to nearly 1.2 million last year, according to Kelley Blue Book. This story is available exclusively to Business Insider subscribers.

Persons: —, Kelley Organizations: Tesla, EV, Service, Business

☆ Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere
▼ + stars: | 2024-01-12 | by ( Graham Rapier | Nora Naughton | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The car-rental firm said it's selling 20,000 EVs — about one-third of its electric fleet of Teslas, Volvos, Polestars, and more — partly due to repair and maintenance costs. AdvertisementIt's also a warning about the cost of EV ownership to drivers thinking about switching from gas to electric. Mitchell, which supplies data for insurance and repair companies, has found EVs — and particularly Teslas — are more expensive than gas-powered cars to repair. Among all EVs, Tesla's Model 3 has the best resale value, falling by only 42.9% in five years.

Persons: Hertz, —, Adam Jonas, Morgan Stanley, It's, Jonas, Mitchell, Kelley, Power, iSeeCars Organizations: EV, Service, Automotive, Energy Innovation, Insurance, quicken Locations: West Coast

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