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Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ Einstein's last message was a dire warning against nuclear war that's still relevant today. Here's what it said.
▼ + stars: | 2024-02-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

A new Netflix docudrama, “ Einstein and the Bomb ,” uses footage and reenactments of the famous scientist and his shifting view of nuclear weapons. It quotes his 1945 Nobel Prize address expressing concern over the future use of nuclear weapons, saying, “The war is won, but the peace is not.”Albert Einstein warned that nuclear weapons could lead to the end of humankind. The general public, and even many men in positions of authority, have not realized what would be involved in a war with nuclear bombs. But we now know, especially since the Bikini test, that nuclear bombs can gradually spread destruction over a very much wider area than had been supposed. Although an agreement to renounce nuclear weapons as part of a general reduction of armaments3 would not afford an ultimate solution, it would serve certain important purposes.

Persons: Einstein, Roosevelt, —, Albert Einstein, Bertrand Russell, Russell, Franklin D, “ Einstein, “, ” Albert Einstein, Stringer, Joseph Rotblat, Rotblat, Frederic Joliot, Curie, Linus Pauling, ”, White Organizations: Service, Einstein, Manhattan Project, Manhattan, Netflix, Central Press, Science, World Affairs, Communist Locations: Germany, Hiroshima, Nagasaki, Manhattan, London , New York, Moscow, East, West, Pearl

☆ Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
▼ + stars: | 2024-02-19 | by ( Laura He | Marc Stewart | ) edition.cnn.com time to read: +6 min

But according to CNN calculations based on official data, the average tourism-related spending per trip was below pre-pandemic levels, as consumer confidence remains weak amid deflationary pressure. However, the most recent holiday season took place over eight days from February 10 to February 18, which was one day more than previous periods. On average, 59.25 million domestic trips per day were made during this holiday period, slightly lower than the 59.29 million trips per day taken in 2019. Movie ticket sales reached a record 8 billion yuan ($1.11 billion) during the eight-day holiday season, according to data released on Sunday by China Film Administration. “The headwinds to growth remain severe and it will take more than a bump in holiday travel for market sentiment to recover,” said Neumann.

Persons: ” Nomura, ”, Frederic Neumann, Neumann, “ Organizations: Beijing CNN, CNN, Ministry of Culture, Tourism, Hangzhou East Railway, National Immigration Administration, China Film Administration, HSBC, China Index Holdings, Shenzhen Component Locations: China, Hong Kong, Beijing, Hangzhou, China's Zhejiang province, Macao, Asia, Shanghai, Shenzhen

BOSTON (AP) — Brandt Clarke scored on a breakaway with 27 seconds left in overtime for his first career goal and the Los Angeles Kings rallied to beat the slumping Boston Bruins 5-4 on Saturday. Photos You Should See View All 33 ImagesJames van Riemsdyk scored twice and added an assist for the Bruins, and Ullmark finished with 30 saves. Van Riemsdyk scored first-period goals on rebounds and Richard scored 13:04 in the second to put Boston up 3-1. Van Riemsdyk had an assist for his third point of the game. It was the second two-goal game for van Riemsdyk since he signed with the Bruins as a free agent last summer.

Persons: — Brandt Clarke, Clarke, David Pastrnak, Linus Ullmark, David Rittich, Anze Kopitar, Matt Roy, Vladislav Gavrikov, Alex Laferriere, Jim Hiller, Angeles, Todd McLellan, Pierre, Luc Dubois, James van Riemsdyk, Ullmark, Trent Frederic, Anthony Richard, Pastrnak, Van Riemsdyk, Richard, Gavrikov, Kevin Shattenkirk, Frederic swooped, Rittich, Morgan Geekie, van Riemsdyk, Andreas Englund, Trevor Lewis, Jake DeBrusk, Mikey Anderson, ___ Organizations: BOSTON, Los Angeles Kings, Boston Bruins, Boston, Kings, NHL, Bruins, Harvard, Nashville, Pittsburgh, Dallas Stars Locations: Boston

☆ Former Fed Governor Frederic Mishkin: The Fed will be very cautious about lowering rates
▼ + stars: | 2024-02-13 | 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 EmailFormer Fed Governor Frederic Mishkin: The Fed will be very cautious about lowering ratesFrederic Mishkin, former Federal Reserve Governor and Columbia University professor, joins CNBC's 'Squawk Box' to discuss what the latest CPI report means for the Fed and more.

Persons: Frederic Mishkin Organizations: Former, Federal Reserve Governor, Columbia University, Fed

☆ Herculaneum scrolls: Philosopher’s words emerge from ancient artifacts
▼ + stars: | 2024-02-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

And now, researchers investigating artifacts from the neighboring city of Herculaneum are using new technology to peek beneath Vesuvius’ blanket of ash and mud to uncover more of history’s best kept secrets. The wonderOne of the Herculaneum scrolls undergoes analysis using lasers. EduceLab/University of KentuckyArtificial intelligence has revealed the first nearly complete passages to be decoded from the charred, brittle Herculaneum scrolls. Mimas could change the way scientists understand ocean worlds across our solar system, which may harbor life beyond Earth. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: Julius Caesar’s, papyrologists, Philodemus, ”, Roger Macfarlane, Drake, Nima Sarikhani, Joshua Newton, Frédéric, IMCCE Mimas, —, Ashley Strickland, Katie Hunt Organizations: CNN, University of Kentucky, Brigham Young University, Wildlife, Perth Zoo, Curtin University’s School, Molecular, Life Sciences, “, PACE, CNN Space, Science Locations: Herculaneum, South America, Antarctica, British, Western, London

LAS VEGAS (AP) — Andra Day normally deals with with nervousness before any big show — especially in front of her peers. On Sunday, Day will certainly use the same approach before she graces the Super Bowl stage as a pregame performer. She's set to perform “ Lift Every Voice and Sing ” ahead of the Kansas City Chiefs matchup against the San Francisco 49ers at Allegiant Stadium. Last week, she earned a standing ovation after her performance at the Recording Academy's Black Music Collective event in Los Angeles. The sound is different.”___To see more of AP’s Super Bowl coverage, visit: https://apnews.com/hub/super-bowl

Persons: — Andra, She's, “, I'm, Reba McEntire, Post Malone, Usher, Clive Davis, Stevie Wonder, Gladys Knight, Dionne Warwick, Keyshia Cole, Frederic Yonnet, ”, Billie Holiday, Billie Holiday ”, Cassandra, She'll, Day, I've Organizations: LAS VEGAS, Kansas City Chiefs, San Francisco 49ers, Allegiant, Press, Post, American, Globe Locations: America, Los Angeles, United States

☆ Saturn’s ‘Death Star’ moon is hiding an internal ocean, scientists say
▼ + stars: | 2024-02-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Astronomers have uncovered additional evidence that one of Saturn’s smallest moons, Mimas, is hiding a global ocean beneath its icy surface. Discovered in 1789 by English astronomer William Herschel as a tiny dot near Saturn, Mimas was first imaged from space by the Voyager probes in 1980. Craters cover the surface of Mimas, but the largest one is 80 miles (about 130 kilometers) across and causes the moon to resemble the Death Star from the “Star Wars” films. But Saturn’s Enceladus appears younger because active geysers have contributed to resurfacing, or depositing of new, fresh material on that moon’s surface. “Mimas certainly demonstrates that moons with old surfaces can be hiding young oceans, which is pretty exciting,” Rhoden said.

Persons: Mimas, Cassini, William Herschel, Observatoire, Dr, Valéry Lainey, Lainey, ”, Nick Cooper, Saturn, ” Lainey, “, Triton, Frédéric, ” Cooper, “ Lainey, Matija Ćuk, Alyssa Rose Rhoden, Rhoden Organizations: CNN —, Saturn, Voyager, “, Physical, Chemical Sciences, Queen Mary University of London, NASA, Clipper, SETI Institute, Southwest Research Locations: Paris, California, Colorado

☆ LVMH takes aim at $30 billion watch market with high-end, reinvented pieces
▼ + stars: | 2024-02-03 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. A Zenith luxury watch at 2024 Watch Week in Miami. A Bulgari Serpenti Secret watch at 2024 Watch Week in Miami. A TAG Heuer luxury watch at 2024 Watch Week in Miami. A Zenith luxury watch at 2024 Watch Week in Miami.

Persons: Louis Vuitton, Bulgari, Dior, Frederic Arnault, LVMH, Bernard Arnault, CNBC Frederic Arnault, Benoit de Clerck, Jean, Christophe Babin, Babin, women's, —, Diamant, Tourbillon, Julien Tornare Organizations: IMARC, TAG, Zenith, CNBC, LVMH's, Executives, CNBC LVMH, CNBC TAG, Carrera, TAG Heuer Locations: Miami, America, U.S, Swiss, LVMH

☆ E. Jean Carroll wants to donate the millions she was awarded in latest defamation trial to 'something Donald Trump hates.' Here are 5 options.
▼ + stars: | 2024-01-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

E. Jean Carroll said she wants to donate her defamation damages to "something Trump hates." Donald Trump hates a lot of things. AdvertisementE. Jean Carroll wants to spend her newfound riches in a meaningful way after a federal jury awarded her $83.3 million in her defamation trial against former President Donald Trump last week. "I'd like to give the money to something Donald Trump hates," Carroll told ABC News on Monday. "Perhaps a fund for the women who Donald Trump has sexually assaulted," Carroll told ABC News of her potential future donations.

Persons: Jean Carroll, Trump, Trump . Donald Trump, Carroll, —, Donald Trump, defaming, he's, Timothy A, Clary, It's, Las Vegas , Nevada FREDERIC J . BROWN, RINOs Organizations: Trump ., Service, ABC News, ABC, The New York Times, Trump, Getty, Media, Business, The Washington Post, Journalists, Republican, Republican Jewish Coalition, Venetian Conference Center, Immigrants Locations: New Hampshire, AFP, America, Haiti, Norway, Mexico, Canada, California, New Jersey, New York, Las Vegas , Nevada, Washington

☆ How Stanley went from making sturdy bottles for laborers to becoming an 'it' status symbol, and causing chaos at Target stores across the US
▼ + stars: | 2024-01-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +10 min

"Every time we linked it, it would sell out so quickly," LeSueur told The New York Times. The Buy Guide had to pay for warehouse space and shipping and handling fees, but was allowed to keep the profits, The Times reported. "It was a big risk," LeSueur told CNBC. AdvertisementThe Buy Guide placed another wholesale order for 5,000 – and they sold out in an hour, Retail Dive reported. Reilly told CNBC that Stanley was making more products available with each drop but still wanted "a little bit of scarcity" to create a buzz.

Persons: —, Stanley, They've, Alphas, William Stanley Jr, Grace Dean, restocking, Ashlee LeSueur, Taylor Cannon, Linley Hutchinson —, LeSueur, Emily Maynard, Maynard, Terence Reilly, Reilly, he'd, Crocs, Frederic J . Brown, TikTokers, Bon Appétit, Stanley's Quenchers, Lainey Wilson, aren't, Gen Zers, Alpha, Casey Lewis, Lewis, –, Zers, they'll, Grace Mary Williams, it's, Kaitlin Gostel, Barnes, Noble, Harry Potter, Gostel, I've Organizations: Service, Business, Instagram, New York Times, CNBC, Times, The Times, Wall Street, Getty, Target, Starbucks Locations: Brooklyn, workdays, Crocs, AFP, Pendleton

☆ It's extraordinary how well the Fed is doing, says Fmr. Board Member Frederic Mishkin
▼ + stars: | 2024-01-26 | 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 EmailIt's extraordinary how well the Fed is doing, says Fmr. Board Member Frederic MishkinFrederic Mishkin, Fmr. Federal Reserve board member, joins 'Closing Bell Overtime' to talk inflation data, the Federal Reserve and more.

Persons: Frederic Mishkin Frederic Mishkin Organizations: Federal Reserve Locations: Fmr

☆ Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board
▼ + stars: | 2024-01-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewBernard Arnault, the world's third-richest person, is set to appoint two more of his children to LVMH's board, France's La Lettre first reported. The French billionaire plans to propose his sons Alexandre Arnault, 31, and Frédéric Arnault, 29, as board members, the reports say, quoting unnamed sources. Four of Arnault's five children will sit on the LVMH board if their appointments are confirmed. Arnault cofounded LVMH in the 1980s and is its CEO and chairman. In May 2023, he became the third person to be worth more than $200 billion, according to the Bloomberg Billionaires Index.

Persons: —, Bernard Arnault, France's, Alexandre Arnault, Frédéric Arnault, Delphine, Bernard's, Antoine, It's, Arnault hasn't, LVMH, Alexandre, Vianney Le Caer, Louis Vuitton, Dior, Marc Jacobs, LVMH didn't, Donald Trump, he'd, Frédéric, Delphie, Dior Couture, Jean, Louis Vuitton's, Arnault, Elon Musk, Jeff Bezos Organizations: Service, Bloomberg, The Financial Times, Business, Novo Nordisk, Tiffany, New York Times, Mar, TAG, Christian Dior, Elon Locations: French, Danish, Swiss, LVMH

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ Louis Rees-Zammit: Getting a foothold in the NFL is almost impossible – even if you’re a professional athlete
▼ + stars: | 2024-01-21 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +10 min

‘Big NFL fan’Rees-Zammit is a Welsh international rugby union player and one of the sport’s biggest talents. Gray recalls being amazed when he first learned of the off-field work NFL players and coaches were doing. He imitates holding a chunky playbook – staggered by the sheer number of plays that NFL players need to become fluent in. According to the NFL, 37 international players have joined teams – allocated, drafted or signed as a free agent – since the IPP’s inception. “He’s a big NFL fan, he’s young … he’s right at the beginning of his journey.

Persons: you’ve, Louis Rees, Zammit, Rees, ‘, ’ Rees, ”, “, ” Rees, Warren Little, Ben Kay, CNN’s Don Riddell, ” Peter O’Reilly, Richie Gray –, –, ” Gray, Gray, there’s, Zammits, Damien Meyer, “ Rees, Warren Gatland, haven’t, Scot applauds, he’s, Frederic Dides, Jordan Mailata, Jakob Johnson, Efe Obada, Sammis Reyes, David Bada, Mailata, Mailata’s, Philadelphia . Gray, Jeff Stoutland –, Andy Lewis, Christian Wade, ” Wade, Wade, Will Rees, Kay, …, let’s, he’ll Organizations: CNN, NFL, National Football League, Welsh, rugby, Wales, Gloucester, British & Irish Lions, Lions, Lion, Gloucester Rugby, Six Nations, England rugby, TNT Sports, Netflix, IMG Academy, Rugby, CNN Sport, Toulon –, Miami Dolphins, Philadelphia Eagles, NCAA, Dolphins, “, Getty, Zammit’s Wales, American, –, Las Vegas Raiders, Washington, IPP, 233rd, Eagles, Buffalo Bills, Racing Locations: Britain, Ireland, Bradenton , Florida, Scottish, Zammit’s, Zammit, Australia, Philadelphia ., ”, France

☆ Tesla is taking the Cybertruck on a tour of China — but it won't be on sale
▼ + stars: | 2024-01-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla is taking the Cybertruck on a tour of China, per a company WeChat post reported by Reuters. However, it's unlikely to be on sale in China soon, with Elon Musk saying it'll be hard to make legal. It comes as Tesla tries to fight off a new wave of competition from Chinese EV makers such as BYD. Elon Musk's company is taking the Cybertruck on a tour of China to show off its futuristic pickup, according to a company post on WeChat reported by Reuters . Elon Musk has previously hinted at the plan, posting on X on Sunday that Tesla could ship some Cybertruck prototypes to China for display.

Persons: Tesla, Elon Musk, —, Elon, Frederic J . Brown, Warren Buffett, Xiaomi, Musk Organizations: Reuters, Service, Elon Musk's, Geely, Huawei, New York Times, Business Locations: China, North America, AFP

☆ 10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
▼ + stars: | 2024-01-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTMary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. GM's EV sales last year totaled 75,883 units, or 2.9% of the company's overall sales. However, a vast majority of GM's EV sales were from its now-discontinued Chevrolet Bolt models. Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. General Motors CEO Mary Barra testifies during a House Energy and Commerce Committee hearing on Capitol Hill in Washington, April 1, 2014.

Persons: Mary Barra, Mary Barra's, Barra, She's, Tesla, Michelle Krebs, Warren Buffett's Berkshire, EVs hasn't, Frederic J, Brown, there's, Cruise, Cruise's, Jeff Kowalsky, Darryll Harrison Jr, Mary, Barra's, Dan Akerson, Dan Ammann, Mark Reuss, Steve Fecht, Stephanie Brinley, they've, Lyft, David Einhorn's, Einhorn Organizations: General Motors, New York Stock Exchange, NYSE DETROIT, Detroit, GM, Wall, U.S, EV, Cox Automotive, Warren Buffett's Berkshire Hathaway, —, Hyundai, Kia, Bolt, EVs, Cadillac, AFP, Getty, Honda Motor, Automotive Press Association, Bloomberg, Cruise, CNBC, GM Renaissance Center Global Headquarters, P Global Mobility, Apple, Google, Energy, Commerce, Capitol Locations: Los Angeles, North America, Barra, San Francisco, Detroit, Washington

☆ Thursday's inflation report could challenge the market outlook for big Fed rate cuts
▼ + stars: | 2024-01-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"The market seems to have gotten excited that the Fed's going to have to do more than what the Fed thinks in terms of rate cuts now. watch nowThere is certainly a wide gap between what the Fed has indicated in terms of rate cuts and what the market is expecting. It probably means that right now, the market needs to give back some of the rate cuts that they priced in." Fed Governor Michelle Bowman said this week that while she expects rate hikes could be done, she doesn't see the case yet for cuts. Still, Brusuelas thinks the market is too aggressive in pricing in six rate cuts.

Persons: Frederic J, Brown, Dow Jones, Jack McIntyre, McIntyre, they've, Michelle Bowman, Lorie Logan, Logan, Joseph Brusuelas, Brusuelas, Richard Clarida, … There's, Clarida Organizations: AFP, Getty, Federal, Brandywine Global Investment Management, Traders, Dallas, RSM Locations: Rosemead , California

☆ CNBC Daily Open: Inflation goal in view
▼ + stars: | 2023-12-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Brown | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The personal consumption expenditures price index measures how much consumers spend on goods and services. By contrast, the consumer price index tracks the price of goods and services — not actual consumer behavior. For the week, the S&P was up 0.8%, the Dow 0.2% and the Nasdaq 1.2%.

Persons: Frederic J, Brown, That's, Andrew Hunter, Russell, bode, Greg Bassuk, —, Jeff Cox Organizations: HK, AFP, Getty, CNBC, Capital Economics, CPI, Nasdaq, Dow Jones, Nike, Dow, AXS Investments Locations: Rosemead , California

☆ Signs of a Weakening Job Market, in Five Charts
▼ + stars: | 2023-12-05 | by ( Austen Hufford | ) www.wsj.com time to read: 1 min

People waiting in line to speak with prospective employers during a career fair in Los Angeles last month. Photo: Frederic j. brown/Agence France-Presse/Getty ImagesThe hot labor market that underpinned a surprisingly strong economy this year is showing signs of cooling, an indication that growth could ease in 2024. The unemployment rate has edged higher this year, Americans are taking longer to find new jobs, and wage growth is slowing. New Labor Department data on job openings, to be released Tuesday, and Friday’s November jobs report could provide additional clues about if the historically tight labor market is starting to loosen.

Persons: Frederic Organizations: France, New Labor Department Locations: Los Angeles

☆ Tesla is selling a $55 Cybertruck decal inspired by Elon Musk's famous window smashing mishap
▼ + stars: | 2023-12-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla is selling a $55 Cybertruck decal inspired by Elon Musk's infamous window smashing incident. "OMFG decal" references moment a Tesla engineer smashed the Cybertruck's windows with a steel ball. AdvertisementTesla is selling a Cybertruck decal inspired by the windows that famously smashed during a demonstration at the futuristic pickup's unveiling. Elon Musk was left red-faced after the Cybertruck's windows failed in a demonstration. That means it still remains unclear whether the Cybertruck's windows are actually as unbreakable as Musk initially suggested.

Persons: Tesla, Elon Musk's, —, Franz von Holzhausen, Elon Musk, Frederic J . Brown, Holzhausen, Austin — Organizations: Service, Elon Locations: Austin

☆ The Tesla Cybertruck Is Almost Here. What Will It Cost?
▼ + stars: | 2023-11-30 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

The launch of Tesla’s Cybertruck is one of the most anticipated electric-vehicle releases in history. Barclays analyst Dan Levy and AlixPartners’ Mark Wakefield weigh in on how Tesla’s first pickup could shake up the market. Photo: Frederic Brown/Getty ImagesAfter a two-year delay, Tesla is finally ready to start delivering its first Cybertruck pickups to customers. The big questions now for those who have endured the wait: How much will it cost and how far can it travel on a single battery charge?

Persons: Dan Levy, AlixPartners ’ Mark Wakefield, Frederic Brown, Tesla Organizations: Barclays

☆ New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins
▼ + stars: | 2023-11-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

“The great wealth transfer is gaining significant momentum as many billionaire entrepreneurs age,” Benjamin Cavalli, who oversees strategic clients in the global wealth management unit at UBS, told reporters. Their combined wealth rose 9% to $12 trillion, before taking inflation into account. Arnault is the world’s third-richest man, with a net worth of $167 billion, according to the Bloomberg Billionaires Index. Risks and opportunity for UBSThe “staggering” transfer of wealth to younger generations presents a huge opportunity for UBS, but also poses considerable risks, according to Cavalli. Heirs lean more toward impact investing — that is, socially or environmentally beneficial investing — over “classic grant-giving philanthropy,” Cavalli said.

Persons: “, ” Benjamin Cavalli, LVMH's Bernard Arnault, Helene, Frederic, Delphine, Antoine, Alexandre, Bernard Arnault, Arnault, Tesla’s Elon Musk, Jeff Bezos —, —, India’s Gautam Adani, Mukesh Ambani, Cavalli, ”, Morgan Stanley —, Stefan Wermuth, ” Cavalli, Charlie Munger, Henry E Organizations: London CNN, UBS, Bloomberg, Adani Group, Reliance Industries, Suisse, Getty, ”, Berkshire Hathaway, Huntington Library, Art Locations: Paris, Europe, France

If there is a constant in the career of Kenny G, it’s found in his chase and appreciation for melodies. On Dec. 1, that hunt will result in “Innocence,” his latest album and a collection of lullabies — both familiar and new — arranged in an idiosyncratic Kenny G fashion. Political Cartoons View All 1274 ImagesThe title, “Innocence,” reflects the innocence of childhood, sure, but also the innocence of a lullaby — the sweet melodies we all share. Although Kenny G believes this album is “not just for kids.”On “Innocence,” next to familiar titles like “Rock-a-Bye Baby” and “Edelweiss” is a lesser-known cut from Polish composer Frédéric Chopin, “Nocturne Op. Asked if these songs will appear on his tour’s set list, Kenny G offers another joke: “I’m already accused of putting people to sleep with my music,” he says.

Persons: Kenny G, It’s, ”, “ It’s, it’s, Kenny, “ I’ve, I’ve, Frédéric Chopin, He’s, “ There’s, I’m Organizations: ANGELES, —, Associated Press

☆ As global rates turn, banks in India and Indonesia set to win
▼ + stars: | 2023-11-29 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Loan growth at Asian banks is estimated to rise from 4.5% this year to 10% next year, LSEG data shows, with banks in India and Indonesia leading with 15% and 11% growth, respectively. Ng likes banks in India and Indonesia, given the better economic growth in those economies and ability of banks to sustain margins. LSEG data shows profits at banks in India and Indonesia will grow 13% and 11% respectively next year, nearly double the 6% average rise across Asia-Pacific banks. That compares to price-to-book ratio for MSCI's index for all-country Asian banks (.dMIAS0CB00PUS) of 0.9. Banks in Australia are estimated to see a drop of 5% in profit in 2024 while profits at Singapore banks will be flat.

Persons: Frederic Neumann, Neumann, Morgan, Yao Ng, abrdn, Ng, Vinay Agarwal, Agarwal, Morgan Stanley, Ankur Banerjee, Gaurav Dogra, Patturaja, Vidya Ranganathan, Simon Cameron, Moore Organizations: U.S . Federal, Fed, HSBC, ICICI, Kotak Mahindra Bank, Axis Bank, FSSA Investment Management, Indonesia's Bank Central Asia, BCA, Reuters, Thomson Locations: SINGAPORE, India, Indonesia, Thailand, Asia, Japan, J.P, Pacific, Singapore, Hong Kong, South Korea, Banks, Australia, China, Bengaluru

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