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☆ Fact Check-Five Donald Trump statements examined after CNN town hall
▼ + stars: | 2023-05-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Former U.S. President Donald Trump took questions from CNN’s Kaitlan Collins and audience members during a televised town hall on Wednesday, with the 2024 Republican front-runner pressing for a second White House term. Trump received 74.2 million votes in the 2020 presidential election, surpassing former President Barack Obama’s record number of votes for an incumbent candidate. State governments, courts and members of Trump’s administration have repeatedly rejected claims made by the former president that the 2020 election was stolen (here). CLAIM“We were energy independent” during the Trump administration. For more details on the U.S. border wall during the Trump administration, see (here).

☆ Morning Bid: Hike and hold, bank angst and Apple
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +5 min

As the Fed delivered what markets assume will be the last rate hike of a brutal 13-month, 500-basis-point tightening cycle, further aftershocks from the March bank blowups reverberated in the background. And given they had advance knowledge of next week's quarterly loan survey before Wednesday's rate decision, it suggests the bigger picture they see remains somewhat equivocal. Norway's central bank raised interest rates as expected and signalled more to come. Events to watch for on Thursday:* European Central Bank policy decision, statement and news conference* U.S. first quarter unit labor costs and productivity, April layoffs, March trade balance, weekly jobless claims. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Buy this renewable energy stock that has as much as 47% upside, UBS says
▼ + stars: | 2023-05-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

UBS is initiating coverage of a key renewable energy company with a buy rating thanks to projects it's involved in that will benefit from the Biden administration's environmental efforts. The firm has a price target of $60 on Ameresco , which represents 47% upside against the stock's Monday closing price of $40.78. Ameresco is a diversified player in the renewable space with projects that range from solar power to landfill gas capture to battery storage. AMRC YTD mountain Shares of energy company Ameresco have declined roughly 18% from the start of 2023. "While this presents a near-term risk for AMRC, we ultimately expect the IRA to drive increased demand and lower project costs."

☆ Morning Bid: Volatile news, not markets
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +5 min

While the Federal Reserve is almost certain to raise interest rates again on Wednesday, the move could be its last. So in a holiday-strewn month around the world, the VIX (.VIX) - Wall St's so-called 'fear gauge' of the implied stock market volatility for the month ahead - hit its lowest level on Monday since November 2021. Even though it ticked back up a bit above 16 overnight, it remains three full points below its 33-year historical average. For macro markets, the Fed decision is complicated by the debt ceiling and banking backdrop. March job openings numbers later on Tuesday will give an indication of just how tight the labor market remains.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Republican hopefuls woo evangelicals in Iowa, vow to restrict abortion
▼ + stars: | 2023-04-23 | by ( Nathan Layne | ) www.reuters.com time to read: +3 min

CLIVE, Iowa, April 22 (Reuters) - Donald Trump and other Republican presidential hopefuls called for restricting abortion at an event for evangelicals in Iowa on Saturday, courting the key conservative voting bloc in the state set to hold the party's first nominating contest in early 2024. Roughly 1,000 people attended the annual presidential forum organized by the Iowa Faith & Freedom Coalition, a conservative nonprofit. Iowa is slated to hold the first-in-the-nation Republican caucus in early 2024. Strong evangelical support early on in the nominating process could help give a challenger a chance to strike a blow against Trump. Trump won 76% of the white evangelical vote in 2020, down from 80% in 2016, according to Edison Research exit polls.

☆ Republican hopefuls to court evangelical vote in Iowa
▼ + stars: | 2023-04-22 | by ( Nathan Layne | ) www.reuters.com time to read: +3 min

CLIVE, Iowa, April 22 (Reuters) - Republican presidential hopefuls will make their pitch to evangelical voters in Iowa on Saturday, the first major event for candidates to court the key conservative voting bloc in a state set to hold the party's first nominating contest in early 2024. It will be headlined by former Vice President Mike Pence, a devout evangelical who may soon launch a presidential bid, and U.S. Iowa is slated to hold the first-in-the-nation Republican caucus in early 2024. Strong evangelical support early on in the nominating process could help give a challenger a chance to strike a blow against Trump, who won three-fourths of the white evangelical vote nationally in 2020. Trump won 76% of the white evangelical vote in 2020, down from 80% in 2016, according to Edison Research exit polls.

☆ The incredible, Earth-saving electric bike is having a moment
▼ + stars: | 2023-04-22 | by ( Tim Levin | ) www.businessinsider.com time to read: +10 min

And while electric cars get all the hype, a game-changing solution to getting around without warming the planet has flourished right under our noses. Electric cars are important, too, but they're expensive and far off for a lot of drivers, MacArthur said. The most popular electric vehicles in the US don't have a Tesla logoWhile electric cars get all the attention, e-bikes have for years been the best-selling electric vehicles in the US. Last year, Americans bought just over 800,000 electric cars, according to Kelley Blue Book, a record. Since e-bikes are much cheaper than electric cars, "you can get them into the hands of consumers faster," she said.

☆ China doesn't want American cars anymore — that's bad news for Ford and GM
▼ + stars: | 2023-04-22 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

American car companies' sales in China have been on a steady decline. "The market has totally changed," Ford CEO Jim Farley said about ChinaWithout China, American car companies will likely lean into US electric vehicle sales. Some of this can be attributed to Chinese car companies' ability to build better and cheaper cars, especially EVs, that consumers are keen to buy. Car companies will double down on US buyers and EVsAs the industry bounced back from the Great Recession, and China became the fastest-growing (and EV friendly) car market in the world, American car companies rushed to enter the market. The China vs America face-off is at a stalemate – for nowWhile American companies lose ground in China, there is a bright spot.

☆ Roll the Dice, Save Gotham From Climate Catastrophe!
▼ + stars: | 2023-04-21 | by ( Alyson Krueger | ) www.nytimes.com time to read: +1 min

A race against time — or, rather, global warming wrought by fossil fuels — the game invites four players to work together to decarbonize New York City by 2035. The challenge is rooted in reality, said Stephen Wemple, general manager of the Utility of the Future team at Con Ed, the city’s largest utility company. Kathy Hochul has mandated that 70 percent of New York State’s energy must be renewable by 2030, and 100 percent by 2040. Currently, renewable energy percentages are in the “high 20s,” he said. Energetic is the brainchild of Richard Reiss, a fellow at the Institute for Sustainable Cities at Hunter College and the founder of City Atlas, an online resource about New York City’s transition to green energy.

The steep drop in fresh capital has left many companies in a vulnerable state, while the failure of Silicon Valley Bank, a leading provider of venture debt, has added to the challenge, a report by venture capital (VC) firm Space Capital said on Thursday. Space Capital's report, coming on the heels of a Chapter 11 filing from Richard Branson's Virgin Orbit Holdings Inc, tracked 89 companies active in the sector. The risk threshold to invest in space companies was much higher earlier, but given recent market uncertainty, investors may not be as risk-loving and space being a nascent sector, many are dialing back, Deutsche Bank analyst Edison Yu told Reuters separately. However, Space Capital added that companies in emerging industries, like those associated with the National Aeronautics and Space Administration's Artemis mission to the Moon are seeing an increased interest. Reuters GraphicsReporting by Akash Sriram and Tanya Jain in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Trump won 76% of the white evangelical vote in 2020, down from 80% in 2016, according to Edison Research exit polls. In a March poll, Trump edged DeSantis among evangelicals in a two-way matchup 51% to 42%, a nine-point improvement for Trump from the month before. The gathering is traditionally an important stop for Republican presidential candidates, although this year DeSantis, who was invited, will not be going. Vander Plaats said evangelicals will consider whether Trump can prevail next year after losing the 2020 election to President Joe Biden. “I don’t think President Trump is a principled man -- I think he was a great president,” Ascol said.

Meanwhile, BlackRock is part of another group investing $650 million to build chargers along freight routes. Because port real estate is at a premium, most early drayage charging projects will be "behind the fence" on trucking company property, experts said. Electric trucks cannot operate without chargers, but it does not make sense to build chargers if drivers are not using electric trucks. Prologis, the biggest U.S. warehouse owner, created its mobility business to install electric truck chargers and solar panels. "A marriage between real estate and energy infrastructure" will be needed to accelerate the transition to electric-powered trucking, Prologis Mobility's Holland said.

☆ The most overbought S&P 500 stocks include one fast food giant
▼ + stars: | 2023-04-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 rose about 0.8% this week, notching its fourth weekly advance in five weeks. However, the S & P 500's steady run of late made several stocks overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Too oversold CNBC Pro also searched for oversold S & P 500 stocks that could be due for a bounce. Qorvo shares have lagged the S & P 500 this year, advancing just 3.2%.

☆ Affordable housing is the best way to prevent heat-related deaths, Phoenix's chief heat officer says
▼ + stars: | 2023-04-06 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

Phoenix's chief heat officer says more affordable housing will prevent heat-associated deaths. "It can be a little shocking," Hondula, director of the city's office of heat response and mitigation, told Insider. All these factors led Phoenix in 2021 to establish the country's first publicly funded heat office, with Hondula at the helm. Gallego told Insider in a statement that she and other city staff are working daily to address this issue. Hondula, for his part, said the heat office needs to be the biggest advocate for investments in affordable housing and homelessness services inside City Hall.

☆ Spotify and creator payment startup Creative Juice are partnering on video podcasts as the space heats up
▼ + stars: | 2023-03-28 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +4 min

Spotify has partnered with payment startup Creative Juice to grow its video podcasting program. Audio leader Spotify has been delving into the space, and is now partnering with payment startup Creative Juice to bring creators to its platform to make video podcasts. On March 28, select Creative Juice influencers will have access to a "white glove service" through the podcast program. They also used their funding from Creative Juice to build out a production team and invest in design and merchandise. On Spotify, podcast creators get paid through ads or fan-supported subscriptions or donations.

☆ Beware of these S&P 500 stocks expected to struggle
▼ + stars: | 2023-03-19 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Investors may want to consider dumping some stocks expected to underperform going forward, especially as market volatility remains elevated. Bleach maker Clorox made the list with an average analyst rating of underweight. The transportation stock has an average rating of hold, and 25% of analysts covering it rate it as sell. The average analyst price target on C.H. Other stocks that made our list are Pinnacle West Capital , Expeditors International of Washington , Consolidated Edison and T. Rowe Price .

☆ A leading fund manager warns that regional banks could cause 'financial Armageddon' — unless the government makes 2 crucial moves immediately
▼ + stars: | 2023-03-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Financial stress stemming from Silicon Valley Bank's collapse could spread, a top fund manager said. But that in itself is becoming an under-the-radar issue, he noted, as large banks' strength is now coming at the expense of regional banks — even those without issues. Since most regional banks aren't classified as "systemically important," their clients would be out of luck in the event of a bank failure, Hatfield noted. Unless the FDIC insures all deposits at all banks, Hatfield said that there will be no reason to put money in a non-protected regional bank. So they'll have a negative interest margin, they'll lose money, they'll get downgraded, and they'll go out of business."

☆ Marian Croak, who has 200 patents to her name including the technology behind Zoom, became one of the first Black women to be inducted into the Inventors Hall of Fame
▼ + stars: | 2023-03-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

Marian Croak became one of the first two Black women to be inducted into the Inventors Hall of Fame. Her innovations in internet technology have enabled remote work, text donations, and voting for American Idol. Last year, she was inducted into the National Inventors Hall of Fame — among the highest honors for inventors, including Thomas Edison, Alexander Graham Bell, and the Wright brothers. Croak became one of first two Black women to receive that honor, alongside the late Patricia Bath, an ophthalmologist who created a device used during surgery to easily remove cataracts. As one of the first-ever Black women to be inducted into the National Inventors Hall of Fame, Croak recognizes the importance of diversity in a historically homogenous industry.

REUTERS/Nathan Frandino//File PhotoNEW YORK/HOUSTON, March 10 (Reuters) - Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious investing: do good while doing well. But sharply higher interest rates have further stressed a model strained by soaring prices for steel and silicon, vital for wind turbines and solar panels. Higher costs have buyers and sellers of renewable power projects recalculating potential returns, hampering fundraising and mergers and acquisitions (M&A). A decade of low interest rates meant borrowers could raise cheap debt to build projects and juice returns. Financial investors traditionally took stakes in operating renewables projects to avoid risks of construction delays and ensure stable returns.

☆ Stocks making the biggest moves midday: Rivian, Delta, Snap, Dish Network and more
▼ + stars: | 2023-03-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

United Airlines — United Airlines gained 4.4%, as the broader airline space got a boost after the Justice Department sued to block JetBlue's acquisition of American Airlines. Snap — The tech company's stock gained 4.1%, adding to the 13% it gained on Monday. Dish Network -- The stock climbed 7.4% after Dish co-founder and Executive Vice President James DeFranco disclosed the purchase of 1.45 million shares. DXC Technology — Shares fell 4.5% after DXC Technology said talks of a possible acquisition of the information technology company by a financial sponsor were terminated. Bank stocks — Bank stocks fell after Fed Chair Jerome Powell suggested that rates may need to go higher for longer.

☆ Deutsche Bank downgrades Joby, says risks to electric aircraft stock are being overlooked
▼ + stars: | 2023-03-07 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Investors may be overlooking risks in Joby Aviation , a company known for making electric aircrafts, Deutsche Bank warned. Analyst Edison Yu downgraded the stock to sell from hold. Yu noted that the weight of the aircraft has raised questions and led him to wonder if the design is "overly aggressive." He also said there is not good visibility on the regulation and certification process for its aircraft with different parts of the project at different stages. But Yu did note the company is considered a leader in the space despite those caveats.

☆ Exclusive: As 2024 election approaches, White House jumps into states' abortion battles
▼ + stars: | 2023-03-06 | by ( Nandita Bose | ) www.reuters.com time to read: +7 min

The previously unreported, behind-the-scenes effort has caught the attention of state lawmakers for the level of support offered by the administration. In some cases, the White House is leaning on key lawmakers in states with important abortion-related legislative fights this session. North Carolina is a special focus where the White House thinks it has the opportunity to fend off restrictions, one of the White House officials said. Republicans have largely shrugged off White House efforts at beating back efforts to limit abortion rights. The White House sees three different approaches to defend abortions rights and has broken down states into what they call either "battleground," "extremist" or "proactive" states, White House officials and advisors say.

☆ These fortress stocks are beating the market this year as a perilous March looms
▼ + stars: | 2023-02-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The stock market in March is looking grim, but certain "fortress" stocks can allow investors to play defense and beat the market. With this in mind, CNBC screened for fortress stocks that can withstand and outperform the market. However, while shares have gained more than 9% in 2023, the stock has tumbled 15% over the past 12 months. Edison has also shown steady growth, with shares up 7% over the past 12 months. Shares have rallied more than 6% in 2023, but they are down almost 11% over the past 12 months.

☆ Stocks making the biggest moves midday: Beyond Meat, Live Nation, Yeti, Boeing and more
▼ + stars: | 2023-02-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Live Nation — The ticker seller fell 9%, despite reporting fourth-quarter revenue of $4.29 billion, up about 60% year over year and topping StreetAccount's estimate of $3.6 billion. EOG Resources — The energy company dropped 5.1% after reporting fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to StreetAccount. Etsy — Etsy slipped 4.8%, a day after gaining more than 2% on its fourth-quarter earnings beat. The company also offered cautious guidance for its first quarter, anticipating $2.95 billion to $3.15 billion in gross merchandise revenue. However, Autodesk beat fourth-quarter expectations on the top and bottom lines, according to Refinitiv.

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