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☆ Australia's critical minerals industry needs quicker permits, not subsidies, BHP says
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +1 min

BHP Group's logo adorning the side of its global headquarters in Melbourne on February 21, 2023. Australia's critical minerals strategy does not need the sugar hit of more subsidies as good projects will find investment, but the country needs to hasten mine development timeframes and rework new workplace legislation, BHP's CEO said on Tuesday. BHP CEO Mike Henry's comments came a week after Australia, one of the world's biggest suppliers of raw minerals, outlined a strategy on how it will work with investors and international partners to build a critical minerals processing industry. Australia needs to do that." The government needs to address the overlap between state and national regulation as well as speed up permitting, he said.

Persons: Mike Henry's, Henry Organizations: BHP Locations: Melbourne, Australia, Brisbane, U.S

☆ TikTokers are using this Google Flights trick to book cheap airfare — here’s how it works
▼ + stars: | 2023-06-16 | by ( Jasmin Suknanan | Jason Stauffer | ) www.cnbc.com time to read: +11 min

However, TikTokers recently found a way to lower some of those travel costs, particularly when it comes to booking flights. The Google Flights "trick" is simple, but does require some flexibility in terms of where and when you're willing to travel. Here's how the feature works: Step 1: Open up your browser and type in Google Flights. Some TikTokers who posted about this trick have shown themselves finding flights to Cancun for $270 and Las Vegas for $94. Consider booking a flight with a layover While direct flights are convenient, flights with a layover often cost less.

Persons: it's, there's, TikTokers, You'll, you'll, Chase, Airfares Organizations: NerdWallet's, Google, Labor, New, Las, Chase, American, American Express, CNBC, Card, Delta, U.S . Supermarkets, CNBC Select's, Facebook, Twitter Locations: New York, New York City, Atlanta, Toronto, Cancun, Las Vegas, U.S, Italy

☆ How Ford, GM auto dealers are thinking about Detroit's EV transition and their future
▼ + stars: | 2023-06-03 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +12 min

If consumers are to be sold on the mass adoption of battery-powered electric vehicles, car dealers are going to be essential to the pitch. But she expects more Ford dealers will opt in at a future date, once they observe a meaningful consumer shift to EVs. "Despite significant increases in EV sales in 2023, dealers are largely skeptical about the OEM's timeframes on the EV rollout," Kerrigan said. A dealer in Santa Monica may decide more quickly, "I need to be all-in on EVs," Maas said. It also caps their total EV sales at 25% of inventory.

Persons: Robb Hernandez, Hernandez, Brian Maas, Maas, EVs, Kerrigan, Ford, Erin Kerrigan, Kelley, BEV, Dealers, Jim Farley, Farley, Tesla, Tesla's, Ford's Organizations: Ford, Bloomberg, Getty, EV, GM, Camino Real Chevrolet, Car Dealers, California Air Resources Board, Kerrigan Advisors, Toyota, ICE, CNBC, Auto Locations: Colma , California, Monterey Park, Calif, California, U.S, Santa Monica, EVs, Eureka

☆ Turkey opposition contests thousands of ballots after election
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

ANKARA, May 17 (Reuters) - Turkey's main opposition party said on Wednesday it had filed complaints over suspected irregularities at thousands of ballot boxes in Sunday's landmark election, in which President Tayyip Erdogan performed better than expected. He said the CHP had formally raised objections over 2,269 ballot boxes nationwide for the presidential election and 4,825 for the parliamentary vote that also took place on Sunday. In the presidential vote, Erdogan is headed for a runoff on May 28 against challenger Kemal Kilicdaroglu after falling just shy of the 50% threshold needed to win outright in the first round. "We are following every single vote, even if it does not change the overall results," Erkek told reporters in Ankara. There were a total of 201,807 ballot boxes set up for the election, in Turkey and abroad, Erkek said.

☆ 24-year-old barista's side hustle earns $9,000 a month, more than her full-time job—it only takes 8 hours a week
▼ + stars: | 2023-05-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

The idea behind Morgan Eckroth's social media business is simple: Create the "warmness and comfort of a coffee shop" online. Eckroth launched her account, MorganDrinksCoffee, as an experiment to hone her social media marketing skills in June 2019. While I was getting my degree [at Oregon State University], I always knew I wanted to go into media marketing and digital advertising. How does having a successful social media business affect the way you consume social media? I try my best not to consume my own content or other coffee content online.

☆ Watch the Donald Trump deposition for his rape trial, where he mixes up accuser E. Jean Carroll with his ex-wife
▼ + stars: | 2023-05-05 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump was deposed for a rape and defamation lawsuit brought by E. Jean Carroll. Under oath, Trump denied the rapeIn response to deposition questions by Carroll's attorney Roberta Kaplan, Trump continued to deny raping Carroll, as she alleged, and called her "mentally sick" and "not my type." In the deposition, Trump said he seldom purchased gifts for women he dated and denied that he publicly dated other women while married to Maples. AP Photo/John MinchilloTrump appeared to mix up various timeframes throughout the deposition video shown to jurors. Trump's attorney Joe Tacopina has said Trump will not testify in the Carroll trial, and rested the defense case on Thursday afternoon without bringing any witnesses.

☆ Bitcoin keeps wavering between a store of value and a high-risk asset. How investors square that with their traditional investments.
▼ + stars: | 2023-04-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

"If you make an investment into bitcoin, you understand that this is par for the course, it just is," he told CNBC. "Because bitcoin takes on a lot of asset profiles – risk asset, store of value, VC-like nascent asset class – investing in it is actually really attractive," said Greg King, CEO of investment company Osprey Funds. A very early technology play Looking at the price path on short timeframes, bitcoin will and often does mimic high-risk assets. Ross had a nuanced view, arguing that bitcoin remains a highly volatile asset. New crypto investors often overlook the Bitcoin technology, focusing instead on bitcoin the crypto asset.

☆ Analysis: No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up
▼ + stars: | 2023-04-13 | by ( Libgeorge Marc Jones | Marc Jones | ) www.reuters.com time to read: +6 min

LONDON, April 13 (Reuters) - The latest bid by the world's leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet has been greeted by a mix of cautious optimism and weary scepticism by veteran crisis watchers. The somewhat loose framework around sovereign restructurings has seen Beijing seek to influence the traditional rules of engagement in these processes. The Common Framework platform introduced by leading G20 nations in 2020 aimed to bring all creditors, including China, together and streamline negotiations. Anna Ashton, director of China research at Eurasia Group, said this week’s developments underscored the benefits for China to give some ground on some of its concerns. "China is a difficult partner to talk to but we need China at the table for the solution of debt problems, because otherwise we won't see any progress," Lindner said.

☆ No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up
▼ + stars: | 2023-04-13 | by ( Libgeorge Marc Jones | Marc Jones | ) www.reuters.com time to read: +6 min

☆ Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
▼ + stars: | 2023-04-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies' Katie Stockton. The technical sell signal comes amid more price cuts for Tesla's Model 3, X, and S vehicles. A signal line is plotted, which can function as a buy and sell signal. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Barclay's said earlier this week. These price cuts should weaken Tesla's profit margins, which, aside from delivery figures, is what Wall Street is laser focused on.

[1/2] A general view shows a special ship, "Neptune", the floating liquefied natural gas terminal, during the inauguration of the Liquefied Natural Gas (LNG) terminal 'Deutsche Ostsee' in the port of Lubmin, Germany January 14, 2023. Northweat Europe LNG imports Northwest Europe LNG importsAnalysts estimate that Europe accounted for more than a third of global spot market trades in 2022, from around 13% in 2021. Such exposure could reach more than 50% this year if no long-term contracts were signed. Morten Frisch, senior partner at Morten Frisch Consulting, said Europe ideally needs about 70-75% of its LNG supply under firm long-term sale and purchase agreements (SPAs). LNG spot market prices LNG spot market pricesBut they are expected to rise again, with a hot summer that could cut hydro levels, a cold 2023-2024 winter and a rebound in Chinese LNG demand all seen as among the risk factors for price.

The grand jury has been hearing evidence from the Manhattan District Attorney's office about possible crimes related to a $130,000 payment to porn star Stormy Daniels before the 2016 presidential election. The Washington Post, citing two people familiar with the matter, said the grand jury hiatus was due in part to a pre-scheduled two-week break starting April 10, following the April 9 Easter holiday. A law enforcement source told Reuters the grand jury is not expected to reconvene on the Trump case until after Easter, without providing a specific date. Grand jury proceedings are secret. The grand jury is believed to meet generally on Monday, Wednesday and Thursday afternoons.

☆ Bitcoin, ether build on recent gains as investors await Fed rate hike decision
▼ + stars: | 2023-03-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrency prices were slightly higher Tuesday as investors braced for the conclusion of the Federal Reserve's two-day policy meeting on Wednesday. Bitcoin was trading back above the $28,000 level, after slipping below this threshold the previous day. Investors are looking forward to the latest policy decision to come out of the Fed's March meeting, which will conclude Wednesday afternoon. As of Tuesday afternoon, there is about a 83% chance of a quarter-point increase by the Fed, according to CME Group's FedWatch tool. While some investors have chalked up the recent crypto rally to dwindling confidence in centralized institutions like Credit Suisse and Silicon Valley Bank, many others maintain that inflation and Fed policy remain the biggest catalysts for the price of bitcoin.

☆ Governments' energy-related support to hit $1.65 trillion by year end - S&P Global
▼ + stars: | 2023-03-09 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

LONDON, March 9 (Reuters) - The amount of money spent by governments subsidising energy costs since Russia's invasion of Ukraine is set to reach $1.65 trillion by the end of the year, credit ratings agency S&P Global has estimated. The firm calculated the total soared to $10 trillion once COVID pandemic spending was added on and that this year would see the overall stock of global sovereign debt reach a record $65 trillion in absolute terms. S&P based the figures on the 137 countries that it provides credit scores for. It forecast those countries would borrow the equivalent of $10.5 trillion this year, below the record $11.5 trillion set in 2021, but 40% higher than the pre-pandemic average. Global government debtReporting by Marc Jones; Editing by Amanda Cooper and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

☆ The US passport system is backed up again — just in time for Spring break
▼ + stars: | 2023-02-28 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

The US passport system is backed up (again) — just in time for Spring break. Expedited passport renewal now lists a wait time of five to seven weeks, not including delivery. US passport renewal services are facing increased wait times this month as travelers gear up for Spring and Summer vacations. Travelers have been facing passport renewal backlogs for the past two years, as the government struggles to keep up with pent-up travel demand following the COVID-19 pandemic. If you applied and have not received your passport within five days of planned international travel, you should call the National Passport Information Center at 1-877-487-2778 to make an appointment at a passport agency, a State Department spokesperson said.

☆ Jim Cramer says to consider an analyst's call timeframe when investing
▼ + stars: | 2023-01-24 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday reminded investors to pay close attention to the scope of an analyst's calls. A day later, Bernstein downgraded the company's stock to market perform from outperform, citing concerns over a worsening PC market. Cramer said that in this case, neither analyst is necessarily wrong, because their arguments rely on different timeframes. Cramer added that while those periods of trading can be confusing, they can also be advantageous to investors, as long as they don't act rashly. However, it can also be wrong," he said, adding, "Either way, if you have conviction, the reaction can often be a great opportunity to buy, buy, buy, or sell."

☆ FDA warns Japan's Olympus units over testing violations
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - The U.S. Food and Drug Administration on Monday said it has issued warning letters to manufacturers of medical scopes used in surgical procedures, citing violations found during inspections of facilities in Japan. Warning letters pertain to a category of devices known as endoscopes, which allow doctors to see and access the urinary tract, gastrointestinal tract, and respiratory tract, during diagnostic and therapeutic procedures. The health regulator released the letters on Monday, which were sent to units of Japan's Olympus Corp (7733.T) - Olympus Medical System Corp and Aizu Olympus Co -in December and November, respectively. The agency added that Olympus Medical did not develop medical device reporting procedures as mandated and did not submit them to the regulator in the required timeframes. These warning letters add to a history of the U.S. FDA's compliance actions against Olympus related to testing and manufacturing requirements.

☆ A notorious market bear who called the dot-com bubble warns stocks are still as overvalued as they were in 1929 and 2000, setting up the S&P 500 for a 'far deeper retreat' and a decade of negative ret
▼ + stars: | 2022-12-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman expects a "far deeper retreat" in stocks, despite the S&P 500's 20% loss in 2022. The 20% loss the S&P 500 has suffered this year has most investors searching for a bottom. "Though recent market losses have removed the most extreme speculative froth, our most reliable valuation measures remain near their 1929 and 2000 extremes." He also said he expects -6% returns over the next 10-12 years for the S&P 500. The chart below shows actual market returns (vertical axis) over 12 years when considering market capitalization of non-financial stock-to-gross value added valuations.

☆ Putin tells Russian defence industry to up its game for Ukraine war
▼ + stars: | 2022-12-23 | by ( Andrew Osborn | ) www.reuters.com time to read: +3 min

Sputnik/Russian Presidential Press Office/Kremlin via REUTERSDec 23 (Reuters) - President Vladimir Putin on Friday told Russia's defence industry chiefs to up their game to ensure that the Russian army quickly got all the weapons, equipment and military hardware it needed to fight in Ukraine. "It's also important to perfect and significantly improve the technical characteristics of weapons and equipment for our fighters based on the combat experience we have gained." Since tens of thousands of Russian troops swept into Ukraine on Feb. 24 in what Putin called "a special military operation", Moscow has ceded around half of the territory it initially seized. On Friday, he told defence industry chiefs he wanted to hear their proposals on how to iron out unspecified problems and wanted defence industry specialists to work directly with frontline forces to refine weapons and hardware on a regular basis. The defence industry is under pressure to deliver.

☆ Hutchinson says he’ll decide 2024 run early next year: Trump has ‘accelerated everyone’s timeframe’
▼ + stars: | 2022-12-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +1 min

Asa Hutchinson, an outspoken Republican critic of former President Donald Trump, said Sunday that Trump’s early 2024 re-election announcement has fast-tracked potential GOP challengers’ timeframes for declaring their own bids. In an interview on NBC News’ “Meet the Press,” Hutchinson said Trump has “accelerated everyone’s timeframe” after he launched a campaign last month to reclaim the Oval Office. Hutchinson, who is leaving the gubernatorial office next month and mulling a 2024 presidential campaign, said he expects he'll make a decision in the "first part" of 2023. Hutchinson also took aim at Florida Gov. Hutchinson added, “I mean, any leader, former president that says suspend the Constitution is tearing at the fabric of our democracy."

☆ This startup comes up with cash offers for homeowners in 24 hours. Check out the pitch deck Rive used to raise a $24 million Series A to make buying and selling real estate easier.
▼ + stars: | 2022-11-30 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Finnish proptech Rive has just closed a 23 million euros (around $24 million) Series A funding round. We got an exclusive look at the 14-slide pitch deck Rive used to raise the cash. While listing some properties on the market, Rive also has a portfolio of its own. Rive gives sellers cash offers with time frames that suit their moving plans. Check out the 14-slide pitch deck the company used to raise the cash below.

☆ Thanksgiving used to be a movie feast. This year? Slim pickings
▼ + stars: | 2022-11-25 | by ( Frank Pallotta | ) edition.cnn.com time to read: +3 min

New York CNN Business —Thanksgiving weekend has historically offered a cornucopia of films, letting moviegoers get out of the house and kick back after eating copious amounts of turkey, mashed potatoes and pie. The North American box office has few new films this weekend that are likely to draw tons of moviegoers. Another Disney film, Marvel’s “Black Panther: Wakanda Forever,” is now in its second week and is set to win the holiday weekend with around $40 million domestically. For example, films like “Creed,” “Moana,” and “Knives Out” opened on Thanksgiving weekends and did well. As for Thanksgiving, Dergarabedian hopes that as the theater industry normalizes, the holiday will make a comeback.

☆ Our guide to semiconductor companies and how their chips run our everyday lives
▼ + stars: | 2022-11-01 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

Semiconductor companies are also in the news a lot lately, whether it's the U.S. government cracking down on chip exports to China or innovations in connected cars and artificial intelligence. Since these companies don't need to invest in expensive fabrication facilities, they can run a more agile asset-light business model. Memory : The two main categories of memory chips are NAND and DRAM. Examples include those used for 5G, WiFi, Bluetooth, radiofrequency chips, near field communication chips (NFC), application-specific integrated circuit chips (ASICs), and so on. These chips are made by companies like Qualcomm, Marvell Technology, Broadcom (AVGO), ON Semiconductor, NXP Semiconductor (NXPI), and others.

☆ 'The Peripheral' review: Chloë Grace Moretz stars in Amazon's convoluted sci-fi series, which travels into two futures and still isn't worth the time
▼ + stars: | 2022-10-21 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —In terms of Nolan brothers productions, “The Peripheral” appears to have been made for people who think “Tenet” and the fourth season of “Westworld” weren’t complicated enough. Because of Flynne’s role in that future threats keep invading her present, which is every bit as confusing as that sounds. Although there’s plenty of violent action and cool futuristic weaponry, “The Peripheral” feels like a mashup of sci-fi ideas put to better use elsewhere, from “Avatar” to “Free Guy,” with a lot in between. Mostly, other than the sometimes-striking set design, there’s nothing particularly distinctive about the villains or the scenario, which feels more convoluted than engaging. It’s produced by Warner Bros. Television, like CNN, a unit of Warner Bros.

☆ Private credit is king, for now: How Blackstone is seizing on making loans while banks pull back in a dismal market
▼ + stars: | 2022-10-20 | by ( Rebecca Ungarino | Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

Blackstone is doubling down on private credit investments in a volatile market. While its corporate private equity investment performance fell in the quarter, private credit rose. As stock markets plunge, private equity investments' values sour, and central banks hike interest rates, the growing private credit market is heating up — and benefitting private investors stepping in to make loans as banks pull back. Take Blackstone, the world's largest alternative asset manager known for its powerful private equity and real estate businesses. Risks and opportunitiesBlackstone is hardly alone as it doubles down on private credit investments.

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