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☆ Meet a 64-year-old San Francisco Uber driver who says switching to a Tesla has saved him more than $1,000 a month on gas and maintenance
▼ + stars: | 2023-07-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

64-year-old Uber driver Wesley Johnson started driving a rented Tesla four months ago. Johnson also offered tips for Uber drivers looking to make the electric-vehicle switch. To compare, Johnson said the Tesla rental from Hertz costs him roughly $50 per week, or $200 a month, to charge. Wesley Johnson, 64, says he's saved roughly $1,400 per month on gas since switching to an electric vehicle. What Uber drivers should know before making the EV switchJohnson has a few tips for any Uber drivers who are considering renting or buying an EV.

Persons: Wesley Johnson, Johnson, San Francisco Uber, Uber, He's, who's, Hertz, Tesla, he's, I'm, — Organizations: Service, Hertz, EVgo, EV Locations: Wall, Silicon, San Francisco

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ EV's 'moment of truth' is coming as industry preps for mass adoption, says former Ford CEO
▼ + stars: | 2023-07-19 | 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 EmailEV's 'moment of truth' is coming as industry preps for mass adoption, says former Ford CEOMark Fields, former Ford CEO and former Interim Hertz CEO, joins 'Squawk on the Street' to discuss the recent price cuts from Ford, why the company has decided to cut its price, and much more.

Persons: Mark Fields Organizations: Ford, Interim Hertz

☆ Capital One Venture vs. Chase Sapphire Preferred: Which is right for you?
▼ + stars: | 2023-07-13 | by ( Ariana Arghandewal | ) edition.cnn.com time to read: +13 min

Here’s a look at the Capital One Venture vs. Chase Sapphire Preferred. Capital One Venture vs. Chase Sapphire PreferredFirst, let’s take a look at all the key details of these two cards side-by-side:Capital One Venture Rewards Credit Card Chase Sapphire Preferred Card Welcome bonus 75,000 bonus miles after spending $4,000 on the card in the first three months. The Capital One Venture and the Chase Sapphire Preferred are two popular rewards credit cards that offer a variety of benefits to cardholders. Getty ImagesThe Chase Sapphire Preferred has better travel and purchase protections than the Capital One Venture. Capital One Venture Rewards Credit Chase Sapphire Preferred Card Extended warranty Yes.

Persons: Chase, We’ll, you’re, Chase doesn’t, United MileagePlus, Wyndham Organizations: CNN, American Express, Chase, Capital, One Venture, Venture, Chase Sapphire Preferred, Chase Sapphire, Rewards, Hertz, Sapphire, TSA Precheck, Preferred, Rapid, Hyatt, Sapphire Preferred, Air France, KLM, Blue, Air Canada Aeroplan, British Airways Executive Club, Emirates Skywards, Singapore Airlines, Turkish Airlines Miles, Aeromexico Club Premier Air Canada Aeroplan Air France, British Airways Executive Club Cathay, Asia Miles Emirates, Etihad, Finnair, Qantas Frequent Flyer Singapore Airlines KrisFlyer TAP Air Portugal Turkish Airlines Miles, Smiles, Airlines Aer Lingus AerClub Air Canada Aeroplan Air France, KLM Flying Blue British Airways Executive Club Emirates, JetBlue, United, Virgin Atlantic Flying, Travel, Auto, Chase Capital Locations: Air, Hawaii, United, Iberia

Prime Day ends tonight, but you can still snag some of the best laptop deals if you act fast. Top 3 Prime Day laptop dealsThe best Prime Day Windows laptop dealsWindows laptops from Dell, HP, and more are on sale. $1,499.99 from Best Buy Originally $2,049.99 Save 27%The best Prime Day Apple MacBook dealsThere are stellar deals on several MacBook models. Deal MSI Katana 15 Gaming Laptop MSI is a top-tier PC gaming brand, and this Katana 15 laptop is more than $200 off on Prime Day. As we note in our best gaming laptops guide, a refresh rate of 165Hz is the industry standard for a high-quality gaming monitor.

Persons: There's, Crystal Cox, It's, Max, you've, Price, William Antonelli, That's Organizations: HP, Aero, Dell, Business, AMD, Amazon, Microsoft, MacBook, Apple's, ASUS, Intel, Nvidia

Some of the best laptop deals include a discounted version of one of the best gaming laptops currently available, the Acer Nitro 5, which you can pick up for just $739 at Amazon. Top 3 Prime Day laptop dealsThe best Prime Day Windows laptop dealsWindows laptops from Dell, HP, and more are on sale. This $106 discount is close to the best price we've seen for this model. $1,499.99 from Best Buy Originally $2,049.99 Save 27%The best Prime Day Apple MacBook dealsThere are stellar deals on several MacBook models. As we note in our best gaming laptops guide, a refresh rate of 165Hz is the industry standard for a high-quality gaming monitor.

Persons: There's, Crystal Cox, It's, Max, you've, Price, William Antonelli Organizations: HP, Aero, Dell, Business, AMD, Amazon, Microsoft, MacBook, Apple's, Apple, Pro, Nvidia

☆ Used cars may never be cheap again — here's what you need to know about shopping for one right now
▼ + stars: | 2023-07-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Sometimes shopping used can require even more research and preparation than shopping for a new car. Used car prices have been notoriously volatile since the pandemic and squeezes on inventory have allowed sellers of used cars to jack up prices based on urgent needs. While this option can be great for new car shopping if you're on a budget, used car leases can be dangerous. Even when buying a used car, warranties are an important part of used car shopping. If repair costs are a concern for you, consider purchasing an extended warranty on your used car.

Persons: you've, that's, Kelley Organizations: Morning, Companies, Hertz, Avis, Enterprise, CPO

☆ EV 'truce' deal with Tesla and Chinese rivals is 'bad news' for Tesla, says former Ford CEO
▼ + stars: | 2023-07-06 | 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 EmailEV 'truce' deal with Tesla and Chinese rivals is 'bad news' for Tesla, says former Ford CEOMark Fields, former Ford CEO and Hertz Interim CEO, joins 'The Exchange' to discuss the 'truce' signed between Tesla and its Chinese rivals, why this deal puts Tesla in a tough spot, and more.

Persons: Tesla, Mark Fields Organizations: Ford, Hertz, Tesla

☆ 12 things to do when you get the Venture X Card
▼ + stars: | 2023-07-05 | by ( Ariana Arghandewal | Add An Authorized User | ) edition.cnn.com time to read: +11 min

The Capital One Venture X Rewards Credit Card made quite a splash when it launched in 2021. Getty ImagesWhile you’re moving monthly bills to your Capital One Venture X card, don’t forget your cell phone bill. Getty ImagesThe Capital One Venture X card offers a $100 application fee credit towards Global Entry or TSA Precheck. As a Capital One Venture X card holder, you can claim a free PRIOR subscription by navigating to your accounts benefit tab. Join Gravity HausAs a Capital One Venture X card holder, you’ll receive a $300 discount on an annual Gravity Haus membership every 12 months.

Persons: you’ll, it’s, Hertz, you’re, Hilton Organizations: CNN, American Express, Venture, Capital, Hertz, Global, TSA, Getty, Reebok, Bloomingdale’s, GameStop, IHG, Booking.com, Entertainment, The, Francisco’s Legion, Royal Academy of Arts, Gravity, Gravity Haus Locations: New York, London

☆ These are the 10 highest-paid CEOs in the U.S.—some pull in over $200 million a year
▼ + stars: | 2023-07-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

The highest-paid CEOs aren't all at major tech companies. Chief executives at Pinterest, Peloton and Hertz are out-earning Apple's Tim Cook, according to a new analysis published by the Wall Street Journal. The median pay for S&P 500 leaders dropped to $14.5 million last year, down from $14.7 million in 2021. Blackstone CEO Stephen Schwarzman topped the list of highest-paid leaders with a total compensation package of $253 million. The next CEO on the list, Sundar Pichai of Alphabet, Google's parent company, took home $226 million in 2022.

Persons: aren't, Hertz, Tim Cook, Stephen Schwarzman, Sundar Pichai Organizations: Pinterest, Wall Street, Wall, Bureau of Labor Statistics, Blackstone Locations: U.S

Jefferies says it's "all revved up" on car rental company Hertz . The firm initiated coverage on Hertz with a buy rating and a $24 price target, implying shares jumping 30% from Monday's close. We see structural benefits from a maintenance and pricing perspective related to [a] higher mix of EVs," Moore said. In this blue sky scenario, we see the potential for another $1bn+ in EBITDA opportunity at 20-30+% margins," the analyst added. Hertz shares were up 1.4% Wednesday before the bell.

Persons: Jefferies, it's, Stephanie Moore, Moore, Hertz, — CNBC's Michael Bloom Organizations: Hertz, EV Locations: Monday's

☆ Stocks making the biggest moves in the premarket: Rivian, UPS, Coinbase and more
▼ + stars: | 2023-07-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. United Parcel Service — Shares of the logistics and delivery company fell more than 1% in premarket trading as negotiations between UPS and the Teamsters union appeared to hit an impasse. The union said in a statement Wednesday that negotiations had collapsed after UPS "walked away from the table." UPS said in response that it had not walked away and was encouraging the union to return to the table. The current UPS Teamsters contract expires at the end of July.

Persons: Justin Sullivan, Coinbase, Piper Sandler, Hertz, Hertz — Hertz, Jefferies, Macheel, Jesse Pound Organizations: Securities, Exchange, Securities and Exchange Commission, United Parcel Service, UPS, Teamsters, UPS Teamsters, Coinbase, AstraZeneca, Citi, Hertz — Locations: CALIFORNIA, San Anselmo , California

☆ An experiment that reaches across the galaxy has 'heard' an invisible sea of ripples in space-time for the first time. It's surprisingly loud.
▼ + stars: | 2023-06-30 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Those ripples are probably the distant thunder of countless collisions between supermassive black holes, throughout space and time. He predicted that the intense gravity of extremely massive objects, like black holes, warps the fabric of space-time. The NSF funded the 15-year experiment, which is called the North American Nanohertz Observatory for Gravitational Waves (NANOGrav). Supermassive black holes are thought to exist at the center of every galaxy. Her lab runs computer models of merging supermassive black holes to predict how they behave and what signals they send out into space.

Persons: —, Albert Einstein's, Aurore, Sean Jones, Manuela Campanelli, NASA's James Webb, Noll, Kip Thorne, NASA Goddard Thorne, NANOGrav, LIGO, Stephen Taylor, Lorenzo Ennoggi Organizations: Service, Sciences, National Science Foundation, NSF, American Nanohertz, Rochester Institute of Technology, NASA's James Webb Space, Hubble, Telescope, NASA, ESA, Hubble Heritage Locations: Louisiana, Washington, Europe, India, Australia, China

☆ Morgan Stanley sees this budget car rental stock adding to its already strong gains for 2023
▼ + stars: | 2023-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Avis shouldn't be overlooked in the rental car space, according to Morgan Stanley. Analyst Adam Jonas upgraded the budget rental car company to overweight from equal rate and hiked his price target to $230 from $182. Jonas' new target implies the stock could rise 12.6% in the next year. "With the backdrop of normalization in the rental industry, we look for operational execution to preserve what could now be a higher floor for the industry," Jonas said in a note to clients Tuesday. But even in this environment, he said both companies should have a new floor given the structural changes seen in the rent industry, with Avis' floor being relatively higher.

Persons: Avis shouldn't, Morgan Stanley, Adam Jonas, Jonas, Avis, Hertz, — CNBC's Michael Bloom Organizations: Avis, Hertz Locations: Friday's

☆ Capital One Venture X credit card review
▼ + stars: | 2023-06-13 | by ( ) edition.cnn.com time to read: +19 min

Digging into the Capital One Venture XThe Capital One Venture X provides valuable benefits to frequent flyers. Getty ImagesThe Capital One Venture X credit card debuted in November 2021 and turned of heads for those looking for a premium travel rewards credit card. Advantages of the Capital One Venture XEarn miles toward a beautiful beach vacation with the Capital One Venture X. iStockAs a new premium credit card, the Capital One Venture X has a lot to offer. Stacking up the Capital One Venture X against our benchmarkCNN Underscored has chosen the Citi Double Cash card as our current “benchmark” credit card. Other credit cards similar to the Capital One Venture XCompare the Capital One Venture X to other premium travel credit cards before you apply.

Persons: that’s, you’ll, — you’ll, Air Canada Aeroplan, That’s, you’re, Guy, Emily McNutt Organizations: CNN, American Express, Capital, Venture, PreCheck, Fort, Dulles, Hertz President’s, British Airways, Airlines Aeromexico Club Premier Cathay Pacific Asia Miles Qantas Frequent Flyer Air Canada, Emirates Skywards Singapore Airlines KrisFlyer Air France, KLM Flying Blue Etihad Airways, TAP Air Portugal Miles, Airlines Miles & Smiles British Airways Avios, Wyndham, British Airways Executive Club, Air Canada, United Airlines, Emirates, Singapore Airlines, Citi, Cash, Citi Premier, Accident Insurance, Chase, Express, Chase Sapphire, Rapid, Hyatt Locations: Dallas, Fort Worth, DFW, Denver, Washington, American, Alaska, Asia, Europe, Chicago

David Solomon has been Goldman Sachs' CEO for over four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. Solomon said there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." Meanwhile, Solomon's expensive foray into consumer banking raised the ire of some longtime Goldman partners, as Insider has previously reported. The fresh faces among the Goldman Sachs executives who took the stage at the bank's investor day highlight the leadership changes under Solomon.

At the same time, extra generation was provided by solar farms (+1.8 billion kWh, or +23%) and coal-fired generators (+0.3 billion kWh, or +0.2%). These increases helped offset some of the reduced output from hydroelectric generators (-3.0 billion kWh, or -25%) and gas-fired units (-0.3 billion kWh, or -10%). Chartbook: India electricity systemThe combination of lower temperatures and increased solar generation significantly reduced stress on the transmission system, especially during the afternoon peak. Combined with lower temperatures and lower generation, the increase in coal deliveries was sufficient to rebuild generator inventories to a more comfortable level and avoid previous fuel problems. Related columns:- India’s grid strained by burgeoning power demand (March 29, 2023)- India’s booming economy stretches coal and power supplies to limit (March 7, 2023)- India’s low coal stocks threaten electricity supply (January 27, 2023)John Kemp is a Reuters market analyst.

☆ Flexport's acquisition of Shopify Logistics sends the company on a search for growth through uncharted territory
▼ + stars: | 2023-05-17 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Flexport plans to integrate Deliverr, an e-commerce fulfillment company Shopify acquired for $2.1 billion last year, into its global logistics offering. Clark called the Shopify assets the "last piece" the company needed to extend its reach from the manufacturer to the end consumer. It may be the last acquisition needed to complete a "port to porch" service, as Clark described it. In fact, Clark said Amazon could be a compliment or partner to Flexport soon after announcing the Shopify deal. Yea," he said about the kind of end-to-end service Flexport is planning.

☆ Hertz apologizes after refusing rental to Puerto Rican
▼ + stars: | 2023-05-16 | by ( Maria Santana | ) edition.cnn.com time to read: +4 min

CNN —Hertz has apologized to a Puerto Rican customer after one of its employees refused to rent him a car he had paid for in advance because he did not show her his passport. Humberto Marchand said that he traveled to New Orleans last Wednesday and presented his Puerto Rican driver’s license at the Hertz counter at the Louie Armstrong International Airport. Puerto Rico is a commonwealth of the United States, and anyone born on the island is by law a US citizen. In a statement to CNN, Hertz (HTZ) said that the company accepts Puerto Rican driver’s licenses from customers renting in the United States without requiring a valid passport. It is not clear if Hertz took any disciplinary action against the employee, however, the company said that this employee, like all their employees, has been reminded of their longstanding policy related to Puerto Rican driver’s licenses.

☆ Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
▼ + stars: | 2023-05-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

In this article HTZ Follow your favorite stocks CREATE FREE ACCOUNTTesla Model 3 electric vehicles at a Hertz neighborhood location. These deals began to roll out last year, after Hertz's first Teslas hit the road in 2021 and experiments with rental EVs extended back over the past decade. "At the end of [March], we had about 50,000 electric vehicles in our fleet, comprising approximately 10% of total cars," Scherr said. Hertz has also told analysts that the growing EV rideshare market can be a buffer against traditional quarterly peak to trough experienced in the leisure business. The benefits of using an EV begin with a $1 per ride credit to the driver for using an EV, Uber spokeswoman Alix Anfang said.

☆ Private equity is being squeezed from all sides
▼ + stars: | 2023-05-12 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

But this time around there’s a lot more private equity money chasing a limited number of opportunities. So private equity funds could face the prospect of a prolonged period of higher borrowing costs, lower valuations, and depressed investment returns. The birth of private equity coincided with the Reagan administration’s policy of relaxing regulations and tax cuts. Recent high profile corporate bankruptcies owned by private equity include car-rental firm Hertz and retailer Toys R Us. The private equity industry could soon find itself caught in a pincer, between tighter financing on the one hand and tighter regulation on the other.

The Citi Premier® Card and Capital One Venture Rewards Credit Card are two of the best travel rewards credit cards that offer flexible rewards and generous earning opportunities. Compare the Citi Premier and Capital One Venture Citi Premier® CardCapital One Venture Rewards Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Here's how the Citi Premier® stacks up against the Capital One Venture Rewards Credit Card to help you make the choice. Their spending requirements are identical, but the Citi Premier® offers more points than the Capital One Venture Rewards Credit Card. The Capital One Venture Rewards Credit Card offers this coverage while Citi Premier® does not.

☆ Shopify tried to challenge Amazon in logistics. It never came within 100 miles. Was it all a waste?
▼ + stars: | 2023-05-04 | by ( Emma Cosgrove | Madeline Stone | ) www.businessinsider.com time to read: +7 min

Shopify is selling most of its logistics business to freight unicorn Flexport in an all stock deal. Though Shopify's logistics journey began in 2019 as Shopify Fulfillment Network, the current iteration is less than a year old, and investors had become wary of the level of investment that getting the outfit into competitive shape would take. The acquisition was previously considered key to Shopify's fulfillment ambitions, and its team has been involved in the company's efforts to develop fulfillment software. Derek Lossing, an Amazon Logistics alum-turned investment advisor with Cirrus Global Advisors, said an acquisition-driven strategy may have been the right course — especially when the alternative involved contracting with legacy logistics players, which can take months. To some, the question of whether Shopify's layover into logistics was a waste of talent, time, and resources, can't be answered until Flexport takes hold and Clark flexes the muscles he gained building Amazon Logistics.

☆ Hertz results beat estimates on strong rental car demand
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

April 27 (Reuters) - Hertz Global Holdings Inc (HTZ.O) on Thursday beat analyst estimates for quarterly results as more people rented cars to commute to office and travel outstation, sending the company's shares up nearly 4% before the bell. Demand for rentals remains strong as more companies mandate work from office and people resume their travel plans after a long pandemic-induced hiatus. "Hertz reported better-than-expected results as they continue to benefit from strong consumer demand for travel and the ongoing recovery in business travel," said Tigress Financial Partners analyst Ivan Feinseth. The company posted an adjusted quarterly net income of 39 cents per share for the quarter ended March 31, compared with Refinitiv IBES estimates of 21 cents. It, however, struggled with costlier maintenance and labor charges to keep its fleet on the road.

☆ Here are Thursday's biggest analyst calls: Apple, Meta, Amazon, Ford, Activision Blizzard & more
▼ + stars: | 2023-04-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Thursday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it remains "torn" on Apple heading into earnings next week. Morgan Stanley reiterates Meta as overweight Morgan Stanley raised its price target on the AI beneficiary to $300 per share from $250 after the company's earnings report Wednesday. " Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating heading into earnings next week. Citi reiterates Amazon as buy Citi said it's bullish on the e-commerce giant heading into earnings on Thursday after the bell. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said the stock is one of the firm's top picks heading into earnings in May.

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