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☆ That shiny new electric car you bought will cost more to insure — here's why
▼ + stars: | 2023-03-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Car-buyers should understand the nuances of EV insurance and why it might cost more. Right now, new EVs cost more on average. The latest estimate from NerdWallet said the national average cost of car insurance stands at about $2,148 per year. Plus, there aren't as many shops with technicians trained to fix electric vehicles versus traditional vehicles." Where EV insurance and upfront costs look more than with a gas-powered car, drivers could see substantial fuel and maintenance costs-savings from going electric.

☆ Mercedes-Benz begins building battery recycling factory in southern Germany
▼ + stars: | 2023-03-03 | by ( Industry Insight | Reuters Professional | Green Is The New Black As Fashion Sector Fast-Forwards On Sustainability Trend | ) www.reuters.com time to read: +1 min

Companies Mercedes Benz Group AG FollowFRANKFURT, March 3 (Reuters) - Mercedes-Benz (MBGn.DE) laid the foundation stone for a sustainable battery recycling factory in Kuppenheim, southern Germany on Friday. The pilot plant will have an annual capacity of 2500 tonnes and will contribute to the production of more than 50,000 battery modules for new electric Mercedes-Benz vehicles. Subject to talks with the public sector, the pilot factory will be completed a few months later. The Kuppenheim plant already runs a CO2-neutral operation with solar and green electricity. "We are sending an important signal of innovative strength in Baden-Württemberg and Germany for sustainable electromobility," said Jörg Burzer, management board member of Mercedes-Benz in production and supply chain management.

☆ The problem with home-flipping giants
▼ + stars: | 2023-03-01 | by ( Aj Latrace | ) www.businessinsider.com time to read: +9 min

Meanwhile, the corporate scalpers of the housing market — companies that buy and relist homes by the thousands without doing much, if any, work on them to make a profit — are struggling. Last week, two of the biggest remaining corporate home-flipping companies, Opendoor and Offerpad, reported dismal earnings, another sign that their business model is incredibly risky. Kelman also said one "problem is that iBuying is a staggering amount of money and risk for a now-uncertain benefit. At its core, the main business model of home-flipping firms doesn't create a ton of immediate value. Opendoor, Offerpad, and other companies that rushed to purchase homes are now discounting the asking prices of those homes to get them off their books.

☆ FDA advisors recommend Pfizer RSV vaccine for older adults, despite possible Guillain-Barre risks
▼ + stars: | 2023-02-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The vote followed concerns at the FDA and among advisory committee members about two cases of Guillain-Barre syndrome among about 20,000 vaccine recipients. The FDA has asked Pfizer to conduct a safety study on Guillain-Barre syndrome, which the company has agreed to do. There currently is no approved RSV vaccine for the elderly. Pfizer's vaccine contains both strains of RSV, which circulate at the same time during fall and winter. Dr. David Kaslow, a senior official in the FDA's vaccine division, said safety monitoring will be "critically important" if Pfizer's RSV vaccine is approved.

☆ Woody Harrelson Can Play Anyone. It’s Being Himself That’s Hard.
▼ + stars: | 2023-02-27 | by ( David Marchese | ) www.nytimes.com time to read: +17 min

“I’m an A personality and a B facade,” says Woody Harrelson, and that’s as good an explanation for his charm and success as you’re likely to find. I don’t know. I could go hang off one of those big mountaintop-remover coal things, but that’s not going to stop it. I meet with the director, and I’m going to do it — they’re making it for like $500,000 — then the guy just goes with someone else! I have a gluttonous side, and I know that’s not going to help me be a spiritually better person.

☆ OnePlus just unveiled a new concept phone equipped with cryogenic liquid to keep it cool
▼ + stars: | 2023-02-27 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Chinese tech company OnePlus has unveiled a new concept phone at MWC 2023. The OnePlus 11 Concept boasts a new eye-catching cryogenic cooling system. The new OnePlus 11 Concept pairs PC-grade cooling technology with the design of high-end watches. Tasmin Lockwood/InsiderThere's no doubt that the OnePlus 11 Concept was designed to show off the system. The OnePlus 11 Concept has three camera lenses in the same style as other OnePlus 11 models.

☆ All investors need a worldview. Here's mine and how to think about developing your own
▼ + stars: | 2023-02-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +23 min

You need to know what you think will happen and then you can insert stocks into that worldview. I think this view, which Jay cares and is most likely going to get it right, is fundamental to my worldview. I think that's an absurd tradeoff and those who are making it, those who own 10-year Treasurys, are sorely ill-advised. Fortunately, I don't think the Fed has to go that far to break the trio. The companies you think might not make it I think aren't going to make it because they won't be able to raise cash.

☆ Germany bids to clear the rocky path for foreign talent
▼ + stars: | 2023-02-23 | by ( Maria Martinez | ) www.reuters.com time to read: +5 min

Although not alone in facing labour shortages, Germany does not benefit from language and other ties with former colonies. However, Germany does not have a long-established history of immigration and the need for greater reliance on foreign labour will need a change in mindset. With this card, obtained before arrival, individuals with potential will be allowed to stay in Germany to find a job. While the first challenge is attracting talent, the second one is ensuring that the talent wants to stay. Madrigal is planning to stay in Germany as he wants to grow inside of his company, InterWorks.

☆ UK economy in 'a lot better shape' than bleak figures suggest, fund manager says
▼ + stars: | 2023-02-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | ReutersLONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are that the economy may be holding up better than feared, according to veteran Schroders fund manager Andy Brough. Figures published earlier this month showed that the U.K. GDP contracted by 0.5% in December, as the economy flatlined over the final quarter of 2022 to narrowly avoid a technical recession. "Underneath companies' profitability x-minus today, we're seeing pretty good dividend increases, pretty good earnings statements, so, underlying, I think the economy is in a lot better shape. 'Signs of life' in business investment Uncertainty over future relations between Westminster and Brussels have hammered business investment since the U.K. voted to leave the European Union in 2016, in turn hampering productivity expansion and adding to the direct costs of Brexit on the U.K. potential growth.

☆ Railroad workers union says workplace conditions such as long hours and lack of sick days will only lead to more tragedies like the Ohio derailment
▼ + stars: | 2023-02-20 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Various rail workers unions blame working conditions for the Ohio derailment, per The Guardian. Staff shortages and no paid sick days will lead to more disasters, union leaders said. This comes two months after Congress halted a railroad workers strike. Railroad Workers United, and others claim companies get away with short staffing, long hours and no paid sick days, jeopardizing safety protocol in the name of profit, the Guardian reported. Corners get cut and safety is compromised," Ron Kaminkow, Railroad Workers United secretary and Amtrak engineer told The Guardian.

☆ Starbucks filed a fresh patent for a machine which could create the highly personalized, super complex drinks staff are so sick of making for customers
▼ + stars: | 2023-02-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Starbucks filed a fresh patent for a machine that enables workers to make customized drinks quicker. Modifications drive customers to Starbucks and bring in high profits, but cause headaches for staff. When Insider tested out ordering a customized Starbucks drink online, syrups were the pricier option, costing up to 80 cents to add on. Customers can also get rude when their customized drinks take a long time to make or aren't made perfectly, many baristas said. Customers could ask for a beverage to match their outfit, and these could be mapped by the machine, the patent said.

☆ Companies Are Slow to Adopt Robot-Operated ‘Dark’ Warehouses
▼ + stars: | 2023-02-17 | by ( Liz Young | ) www.wsj.com time to read: +5 min

More companies are exploring ways to staff warehouses with robots but may have to wait a few years for the technology to catch up. It makes the automation much easier to justify,” said Sean Wallingford, president and chief executive of the Americas region for warehouse technology company Swisslog Holding AG. A robotic arm picks and packs orders at online pharmacy company Apo.com’s automated warehouse in the Netherlands. Photo: RIGHTHAND ROBOTICSAbout 20% of warehouses in 2022 used some form of robotics, up from 15% in 2018, according to research firm Interact Analysis. Mr. Jensen said the company made changes after the first fire in 2019, limiting damage from later fires.

☆ Stocks making the biggest moves midday: Twilio, Tripadvisor, Boston Beer, Roku and more
▼ + stars: | 2023-02-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Twilio — Shares jumped 19% after Twilio beat revenue expectations in its most recent quarter. Otherwise, Shopify beat expectations on the top and bottom lines. The digital communications stock reported earnings of 88 cents per share on revenue of $13.59 billion. Hasbro — Hasbro rose more than 2% after the toymaker beat earnings per share expectations. Otherwise, the firm beat earnings expectations in its latest quarter, while revenue came in line with estimates.

☆ Stocks making the biggest premarket moves: Shake Shack, Virgin Galactic, Paramount and more
▼ + stars: | 2023-02-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Analysts surveyed by Refinitiv were expecting earnings of 23 cents per share on $8.16 billion of revenue. Excluding items, it earned 88 cents per share, slightly above the Refinitiv estimate of 86 cents per share. Cisco also beat revenue expectations. Twilio — The communications tools maker rose nearly 9% after reporting revenue of $1.02 billion, above the $1 billion analyst polled by Refinitiv expected. West Pharmaceutical Services — The drug and health-care products manufacturer gained 5.3% after reporting a fourth-quarter earnings and revenue beat.

☆ Factbox: Timeline of Ohio train derailment containing hazardous chemicals cargo
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

Feb 14 (Reuters) - A timeline of events since a Norfolk Southern Railroad-operated train derailed near East Palestine, Ohio, while carrying hazardous materials from Illinois to Pennsylvania. Feb. 5: National Transportation Safety Board (NTSB) member Michael Graham says video footage of the accident points to possible "mechanical issues on one of the rail car axles." Feb. 6: Crews drain and burn off an "unstable" toxic chemical cargo from five rail cars of the train. Feb. 14: The National Transportation Safety Board (NTSB) says 20 cars were carrying hazardous materials, including 10 that derailed. The NTSB says 38 cars in total left the tracks and that the ensuing fire damaged 12 more cars.

☆ The wife of the doctor accused of driving his family off a cliff in a Tesla doesn't want him to be prosecuted. A domestic violence expert says this kind of behavior isn't uncommon.
▼ + stars: | 2023-02-14 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

The wife of a man accused to driving his family off a cliff in a Tesla doesn't want him prosecuted. A domestic violence expert told Insider this type of behavior in victims is not uncommon. Prosecutors handling the case are treating it like a domestic violence case, a local DA said. A domestic violence expert and the local district attorney handling the case told Insider on Tuesday this type of behavior in victims is not uncommon. San Mateo County District Attorney Steve Wagstaffe told Insider that his office is "viewing" the case as a domestic violence case.

☆ Russia's tanks may face 'disadvantageous conditions' in a battle with US-made Abrams tanks, Russian expert says
▼ + stars: | 2023-02-14 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Abramses are better than Russian tanks, and Russia isn't making enough anti-tank weapons to beat them, a top Russian defense expert says. "Now Russian tanks use old Soviet shells in their ammunition," Pukhov said, according to a translation of the article. US Abrams tanks and a German Leopard at a training ground in Poland in September 2022. Artur Widak/NurPhoto via Getty ImagesNonetheless, even without Western tanks, Ukraine has managed to shred Russian armor. Perhaps Russia should focus less on the technical characteristics of American tanks and more on how to use Russian tanks better.

☆ I started an Instagram fan page for luxury watches and turned it into an $8 million resale business — here's how
▼ + stars: | 2023-02-13 | by ( Claire Turrell | ) www.businessinsider.com time to read: +9 min

He launched the company in 2020 and opened a brick-and-mortar store in a mall in Hong Kong in 2021. When I was being interviewed by Hypebeast in Hong Kong, I met my future cofounder and ecommerce expert Sean Wong. By July 2020, Sean had left his job, and I'd moved to Hong Kong to launch the brand. The Wristcheck store in the Landmark Atrium mall in Hong Kong. By November 2022, we'd raised $8 million, with our lead investors being Gobi Partners, who manage the Alibaba Hong Kong Entrepreneurs Investment Fund.

☆ A husband-wife duo turned the $1,700 Snoo into the holy grail of parenting, but some say they run their company like a dysfunctional 'surveillance state'
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

Karp and Montée Karp built the hype into a parenting-media empire that put out three books and two instructional films in 10 years. Karp and Montée Karp met at a Hollywood party in the early '90s. Karp and Montée Karp promised her independence and flexibility to accommodate her two young children's day-care schedules and a 90-minute commute. Karp and Montée Karp insisted on being involved in minutiae that most top executives hand off. Karp and Montée Karp turned the Snoo into an award-winning holy grail of parenthood in just a few years.

☆ Nina Montée Karp and Dr. Harvey Karp turned the $1,700 Snoo into the holy grail of parenting. But some say they overhyped the crib's abilities and created a nightmarish corporate culture.
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

☆ A Delta flight had to make an emergency landing just 60 miles after takeoff when flames shot out from under its wing
▼ + stars: | 2023-02-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A Delta trans-Atlantic flight made an emergency landing near Glasgow on Friday after flames erupted from a wing. One passenger told local news that there was a "banging noise" and then the plane "nose-dived." The flight was "safely diverted to Glasgow Prestwick Airport after a mechanical issue with one of the aircraft's two engines," a Delta spokesperson told Insider. BBC Scotland News reporter Laura Pettigrew, who was on the flight, told the BBC that the plane's engine made loud noises during the flight. Fire trucks and firefighters rushed towards the plane when it landed down at Glasgow Prestwick, she said.

☆ Chart analysts say the S&P 500 is hovering at a level that points to more downside
▼ + stars: | 2023-02-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The S & P 500 just suffered its worst week in nearly two months, stalling at a technical level that concerns many chart analysts. The loss put the S & P 500 below 4,100 at the end of last week, cutting 2023 gains to about 7%. .SPX YTD mountain S & P 500 "The SPX broke out above 4,100 in early February, but closed below it last week. He cautioned that if the S & P 500 breaks below 4,100, there could be more downside. The S & P 500 rose 0.8% on Monday, taking the benchmark above the 4,100 level.

☆ Syrians in Rebel-Held Northwest Saw Little Aid After Earthquakes Struck
▼ + stars: | 2023-02-12 | by ( Jared Malsin | Photographs Ahmed Deeb For The Wall Street Joural | ) www.wsj.com time to read: 1 min

BAB AL-HAWA, Syria—Three-month-old Mohammed Ghiath Rajab, who suffered a serious head injury during last Monday’s earthquakes, lay unconscious in an incubator in an overflowing ICU. He was breathing with the help of a mechanical ventilator, a surgical drainage tube protruding from his skull. Around him, in a hospital run by an American nonprofit, dozens of other children, bloodied and bandaged, were being treated over the weekend, part of a flood of casualties from the devastating double quakes that struck the border region between Turkey and Syria.

☆ Jobs of the Future: ChatGPT, AI Will Create Careers That Need Humans
▼ + stars: | 2023-02-12 | by ( Paris Marx | ) www.businessinsider.com time to read: +14 min

Automation technology has ushered in a fleet of secret workers behind screens, machines, and smiling robot faces. On the AI side, tools like ChatGPT have been used to write real articles and take college exams. Truck drivers are still in high demand, and self-driving technology is nowhere near replacing human jobs. The human behind the curtainAmid the fear-mongering about a robot takeover, people often miss the degree to which machines still require human workers in order to function. Maja Hitij/Getty ImagesThese technologies are often deployed to de-skill work — jobs are broken down into more specific tasks and can be done with less training.

(See our methodology to see how we choose the car insurance companies for high-risk drivers.) Best car insurance for high-risk driversBest overall: State FarmState Farm Best for at-fault accidents: ErieErie Best for speeding tickets: GeicoGeico Best for DUI/DWI: ProgressiveProgressive Best for military members and veterans: USAASubscribe to the Select Newsletter! What's the best car insurance for high-risk drivers? Each car insurance company considers your risks differently and will price your car insurance premium accordingly. Our methodologyTo find the best insurance companies for high-risk drivers, CNBC Select looked at dozens of insurers offering coverage to high-risk drivers.

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