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The price list, updated after a primary election shock led to a sharp devaluation of the peso and interest rate hike on Monday, underscores the scale of Argentina's challenge to avoid inflation, already at 113%, climbing faster. "We kiosko owners don't know if we should increase prices each day, or by how much." The price list offers a window into how these market shocks are passed on to small business owners, and eventually customers. Reuters GraphicsSince March, business owners have received updated price lists from their suppliers twice a month, double the frequency of a year ago, said Acuna. "Prices have gone through the roof, in every way," Leguizamon said, adding that she didn't blame the store owners and small businesses who were just trying to survive.

Persons: Ernesto Acuna, Agustin Marcarian, Acuna, Juan Pablo Spagnolo, Spagnolo, Javier Milei, Maria Leguizamon, Leguizamon, Anna, Catherine Brigida, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, Reuters, Wednesday, Owners, Reuters Graphics Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Acuna

REUTERS/Agustin Marcarian/Illustration/File PhotoNEW YORK, Aug 15 (Reuters) - Investors in Argentina's financial markets, where bonds and the peso slid on Monday after central bank moves following a surprise primary election result, said the vote had a silver lining: it would likely hasten long-called-for economic reforms. The result initially introduced uncertainty into asset pricing, with traders selling stocks and dollar bonds - but prices later stabilized and the local stock market closed over 3% higher. Investors said this would outweigh any worries about Milei, despite some of his heterodox pledges, including to axe the central bank and dollarize the economy. Milei faces a significant challenge still to turn the primary election win into a successful run to the presidency. The central bank also increased the benchmark interest rate to 118% from 97%.

Persons: Agustin Marcarian, Javier Milei, Patricia Bullrich, Milei, Kimberley Sperrfechter, Sergio Massa, Cristina Fernandez de Kirchner, Milei's, Walter Stoeppelwerth, Shamaila Khan, Rowe Price, Samy Muaddi, Rodrigo Campos, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, REUTERS, Economics, Kimberley, Peronist, Investors, Gletir SA, Emerging Markets, Asia Pacific, UBS Asset Management, Jorgelina, Thomson Locations: Argentina, Argentine, MERV, Rosario

A general view of the facade of Banco de la Nacion Argentina (Bank of the Argentine Nation), in Buenos Aires, Argentina December 7, 2021. The official FX rate will be fixed at 350 pesos per dollar until the October elections, the central bank said. The country's sovereign dollar bonds fell as much as 2 cents on the dollar, with the 2038 note leading the slide, according to MarketAxess data. Latin America's third-largest economy has been grappling with a severe economic crisis with sky-high inflation and falling central bank reserves. A candidate needs 45% of the Oct. 22 vote to win outright or 40% and a 10-point lead over second place.

Persons: Agustin Marcarian, Javier Milei, William Jackson, overvalued, Sunday's, Goldman Sachs, Patricia Bullrich, Sergio Massa, Ricardo Delgado, Eliana Raszewski, Rodrigo Campos, Jorge Otaola, Medha Singh, Adam Jourdan, Bernadette Baum, John Stonestreet, Andrew Cawthorne Organizations: de la Nacion Argentina, Bank of, Argentine, REUTERS, LONDON, Capital Economics, Investment, JPMorgan, Gross, Milei, Peronist, Economy, Analytica, Reuters Graphics Reuters, International Monetary Fund, IMF, Qatar, Thomson Locations: Buenos Aires, Argentina, Agustin Marcarian BUENOS AIRES, MERV, Argentine, refinance, Washington, Rosario

☆ Argentina raises interest rate, devalues peso after shock primary election -official source
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration/File PhotoBUENOS AIRES, Aug 14 (Reuters) - Argentina's central bank will raise the benchmark interest rate to 118% from 97% previously, an official source said Monday, adding the country's currency will be devalued to 350 pesos per dollar in the aftermath of a shock primary election. The official peso plunged nearly 18% on Monday morning to just over 350 pesos per dollar and the source said the exchange would be fixed at this rate until the October presidential vote. Latin America's third-biggest economy is battling a severe economic crisis with sky-high inflation and dwindling central bank reserves. Reporting by Walter Bianchi, Jorge Otaola and Adam Jourdan; Editing by Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Sunday's, Javier Milei, Walter Bianchi, Jorge Otaola, Adam Jourdan, Anthony Esposito Organizations: Argentine, REUTERS, Thomson Locations: BUENOS AIRES

Argentine presidential candidate Javier Milei of La Libertad Avanza alliance looks on as he casts his vote at a polling station during Argentina's primary elections, in Buenos Aires, Argentina August 13, 2023. REUTERS/Mariana NedelcuBUENOS AIRES, Aug 14 (Reuters) - Argentina's presidential election race has an unpredictable X factor: Javier Milei, a fiery and wild-haired libertarian who wears leather jackets, belts out rock songs to his supporters, calling his political opponents "thieves." He has railed against the "caste" of the political elite who he calls "robbers" taking money out of voters' pockets. "We are facing the end of the caste model," he said after the primary election results. I think that Javier is the right person," added Zoccola, who said he had previously voted for Together for Change.

Persons: Javier Milei, Mariana Nedelcu, Donald Trump, Benjamin Gedan, Milei, Al Capone, Adriano Gabriel Zoccola, Javier, Diana Mondino, He's, Anna, Catherine Brigida, Maximilian Heath, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, La Libertad, REUTERS, American, Wilson, Peronist, Thomson Locations: Buenos Aires, Argentina, Mariana Nedelcu BUENOS AIRES, America, Washington

A general view of the facade of Banco de la Nacion Argentina (Bank of the Argentine Nation), in Buenos Aires, Argentina December 7, 2021. REUTERS/Agustin MarcarianBUENOS AIRES/LONDON, Aug 14 (Reuters) - Argentina's markets face an election hangover on Monday after a shock primary vote win for far-right libertarian Javier Milei - who wants to axe the central bank and dollarize the economy - shook up the race towards presidential elections in October. Rock-singing, wild-haired economist and lawmaker Milei far outperformed forecasts to win some 30% of the vote, the largest share with over 90% of ballots counted. Latin America's third-biggest economy has been grappling with a severe economic crisis with sky-high inflation and falling central bank reserves. A candidate needs 45% of the Oct. 22 vote to win outright or 40% and a 10-point lead over second place.

Persons: Agustin Marcarian, Javier Milei, Milei, Diego Pereira, Milei's, Goldman Sachs, Patricia Bullrich, Sergio Massa, Ricardo Delgado, Eliana Raszewski, Jorge Otaola, Adam Jourdan, Stephen Coates, Bernadette Baum Organizations: de la Nacion Argentina, Bank of, Argentine, REUTERS, LONDON, Investment, JPMorgan, Reuters Graphics Reuters, Gross, Peronist, Economy, Analytica, International Monetary Fund, Qatar, Thomson Locations: Buenos Aires, Argentina, Agustin Marcarian BUENOS AIRES, U.S, Argentine, refinance, Washington, Rosario

☆ Top Wall Street analysts pick these dividend stocks for solid returns
▼ + stars: | 2023-08-13 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, Goldman Sachs analyst Neil Mehta recently upgraded Chevron to buy from hold, citing leading capital returns and inflection in free cash flow next year. Regarding capital returns, Mehta noted that Chevron has grown its dividends for more than 25 years. (See Chevron Stock Chart on TipRanks)ConocoPhillipsMehta is also bullish on another dividend-paying energy stock – ConocoPhillips (COP). The analyst projects a capital return yield of 7% in 2024, with room for further upside.

Persons: Michael Wirth, Adam Jeffery, Wall, Goldman Sachs, Neil Mehta, Mehta, TipRanks, ConocoPhillips Mehta, Nitin Kumar, Kumar, Baird, Tristan Gerra, Gerra Organizations: Chevron, CNBC, Chevron Energy, Exxon, ConocoPhillips, Mizuho, Seagate Technology Seagate, Seagate, STX Locations: Russia, Ukraine, Tengiz, China

☆ Argentina set for primary vote with ruling Peronists fighting for survival
▼ + stars: | 2023-08-13 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

"I am thinking of leaving my vote blank," said Micaela Panzera, a 22-year-old employee of a food company in Buenos Aires. We have seen warning signs of this in the provincial elections held up to now," said political analyst Carlos Fara. Pollsters see the combined Together for Change opposition candidates just ahead of the ruling Peronist bloc, with Milei pulling close to 20%. In the 2019 primary the polls were proved badly wrong. Reporting by Nicolás Misculin; Additional reporting by Candelaria Grimberg; Editing by Adam Jourdan and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Horacio Larreta, Sergio Massa, Micaela Panzera, Patricia Bullrich, Javier Milei, Goldman Sachs, Carlos Fara, Nicolás Misculin, Candelaria Grimberg, Adam Jourdan, Jonathan Oatis Organizations: Peronist, International Monetary Fund, Buenos Aires, Reuters Graphics Reuters, Change, Thomson Locations: BUENOS AIRES, Buenos Aires

[1/5] Cattle run in front of Juan Carlos Ardohain, 49, on a farm he rents in San Vicente, on the outskirts of Buenos Aires, Argentina August 10, 2023. REUTERS/Tomas CuestaSAN VICENTE, Argentina, Aug 12 (Reuters) - In Argentina's grains fields and cattle ranches, farmers are hoping upcoming elections will bring political change and an end to years of economic uncertainty, ushering in freer markets with fewer currency controls and export limits. "I think Larreta could be a good candidate for what he's promising," said Juan Carlos Ardohain in a field he rents in San Vicente for cattle. Argentina's currency controls, which tightly limit access to dollars, have stoked a flourishing black market for foreign currency where greenbacks command over twice the official price, distorting import and export markets. Reporting by Maximilian Heath and Miguel Lo Bianco; Editing by Adam Jourdan and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Juan Carlos Ardohain, Tomas Cuesta, It's, Horacio Deciancio, Horacio Larreta, Patricia Bullrich, Sergio Massa, Mauricio Macri, Ricardo Firpo, Massa, Deciancio, Maximilian Heath, Miguel Lo Bianco, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, VICENTE, Peronist, Reuters, Argentine Rural Society, Thomson Locations: San Vicente, Buenos Aires, Argentina, breadbasket, Santa Fe, Ukraine

A man wearing a face mask as a protective measure against the coronavirus disease (COVID-19) walks past the entrance of the Buenos Aires Stock Exchange, a day after midterm primary elections, in Buenos Aires, Argentina September 13, 2021. The primary, which unusually is an obligatory nationwide vote, defines internal leadership battles and acts as a dry run for the general election. The primary vote four years ago delivered a shock landslide defeat to the government of conservative then-President Mauricio Macri, sparking a crash in bonds, equities and the peso currency that Argentina has yet to fully recover from. Ex-security tsar Patricia Bullrich and Buenos Aires city Mayor Horacio Larreta are vying to lead the opposition, and Economy Minister Sergio Massa is a unity candidate for the Peronists. The country's S&P Merval (.MERV) stock market index, meanwhile, has been soaring, seen as a safe haven for local investors and a refuge from the damaging impact of inflation.

Persons: Agustin Marcarian, Mauricio Macri, it's, Mauro Natalucci, Rava Bursátil, Patricia Bullrich, Horacio Larreta, Sergio Massa, Javier Milei, Jorge Otaola, Walter Bianchi, Adam Jourdan, Cynthia Osterman Organizations: Buenos Aires Stock Exchange, REUTERS, Peronist, Reuters Graphics Reuters, Argentine, SBS Group, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, MERV

☆ Argentina inflation likely sped back up ahead of primary vote, analysts say
▼ + stars: | 2023-08-11 | by ( Hernan Nessi | ) www.reuters.com time to read: +3 min

A costumer counts money before buying tangerines in a green grocery store, as Argentines struggle amid rising inflation, in Buenos Aires, Argentina May 11, 2023. REUTERS/Agustin MarcarianBUENOS AIRES, Aug 11 (Reuters) - Argentina's monthly inflation rate likely sped back up to 7.1% in July, a Reuters poll of analysts showed, a blow for the ruling Peronist coalition, which is battling to avoid defeat by the conservative opposition in primary elections on Sunday. The projections from 19 local and foreign analysts ranged from a minimum 5.9% rise to a maximum 7.9% jump in the month. Many analysts saw a tough outlook for prices in the months ahead due to economic uncertainty, fiscal imbalances, and volatility ahead of the general election in October. Argentina's INDEC statistics agency is expected to publish inflation data next week after the primaries.

Persons: Agustin Marcarian, That's, Alejandro Giacoia, Eugenio Marí, Hernán Nessi, Gabriel Burin, Adam Jourdan, Jonathan Oatis Organizations: REUTERS, Peronist, Sunday, Index, Reuters Graphics Reuters Graphics, Libertad, Thomson Locations: Buenos Aires, Argentina, Agustin Marcarian BUENOS AIRES, Progreso

☆ Voter anger, apathy hang over Argentina primary elections
▼ + stars: | 2023-08-11 | by ( Nicolás Misculin | ) www.reuters.com time to read: +4 min

Pollsters, however, said voter apathy could mean big shifts late in the race, with many people still undecided. The primary election will give the clearest indication yet of what the October general election result is likely to be. "I still don't know who I'm going to vote for and I think we're all in the same position. "I'm going to vote because I don't want to pay the fine, but I still don't know who. Despite voting being obligatory by law, voter turnout is also expected to be down and could affect the result.

Persons: Sergio Massa, Kristalina Georgieva, Evelyn Hockstein, Javier Milei, Pablo Vairo, Facundo Nejamkis, Horacio Larreta, Patricia Bullrich, Cristian Guardo, Maximiliano Herrera, Karina, Nicolas Misculin, Juan Bustamante, Adam Jourdan, Diane Craft Organizations: Monetary Fund, IMF, REUTERS, Peronist coalition's, Economy, Peronist, Reuters, Primaries, pollster Opina, Milei, Reuters Graphics Reuters, la Patria, Thomson Locations: Washington , U.S, BUENOS AIRES, Argentina, Buenos Aires, pollster, pollster Opina Argentina, Peronist, Candelaria

The hall of historic Waiola Church in Lahaina and nearby Lahaina Hongwanji Mission are engulfed in flames along Wainee Street on Tuesday, Aug. 8, 2023, in Lahaina, Hawaii. Wildfires in Hawaii have devastated the historic city of Lahaina, the former capital of the islands when they were an independent kingdom. Hawaii Sen. Brian Schatz, who surveyed the damage, said the city had been "reduced to ashes." Although the blaze in Lahaina is 80% contained, there is still an active fire. The recovery process will be long, but we're committed to these families and communities," Schatz said on social media.

Persons: Hawaii Sen, Brian Schatz, Josh Green, King Kamehameha I, we're, " Schatz Organizations: Gov Locations: Waiola, Lahaina, Lahaina Hongwanji, Lahaina , Hawaii, Hawaii

☆ Morgan Stanley says stay away from Carvana as used-car seller still has a lot to prove
▼ + stars: | 2023-08-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Although Carvana raised its guidance for the third quarter, Morgan Stanley still sees a shaky path forward for the used-car retailer. "Significant challenges remain with respect to the used car consumer and the viability of CVNA's long term business model," Jonas wrote in the note. "Even considering our expectation of continued recovery in the business and less bearish views on the used car market, the stock's reward-skew and downside to PT keeps us UW." Carvana shares got crushed last year, losing more than 97% as higher prices for used cars pressured the company. Still, Carvana "has a lot to prove, in our view," according to Jonas.

Persons: Carvana, Morgan Stanley, Adam Jonas, Jonas Organizations: UW Locations: FactSet, Manheim

☆ 'Long path to profitability:' What analysts are saying about Rivian's second-quarter numbers
▼ + stars: | 2023-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

RIVN YTD mountain RIvian in 2023 But while analysts noted Rivian is on the right track, they still see headwinds that can keep the stock price at bay. However, his price target implies 3% downside from Tuesday's close. He raised his price target to $23 from $18, but that still implies downside of 7.3% over the next 12 months. JPMorgan's Ryan Brinkman is also neutral on Rivian stock, albeit with a $19 per share price target. The analyst reiterated a buy rating on Rivian stock with a $40 per share price target, equating to about 61% upside from Tuesday's close.

Persons: Rivian, Morgan Stanley's Adam Jonas, Jonas, Goldman Sachs, Mark Delaney, Delaney, JPMorgan's Ryan Brinkman, Brinkman, Bank of America's John Murphy, RIVN, Murphy, Michael Bloom Organizations: Bank of America's Locations: North America

☆ Here’s the trade on Rivian ahead of earnings, according to top analysts
▼ + stars: | 2023-08-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

After weaker-than-expected quarterly results from luxury electric vehicle maker Lucid , analysts are now turning their attention to rival Rivian . Analysts polled by FactSet are forecasting an adjusted loss of $1.43 per share on $1.1 billion in revenue. Still, analysts remain bullish on Rivian ahead of its earnings release. Meanwhile, Morgan Stanley's Adam Jonas reiterated an overweight rating on Rivian in a July 7 note, accompanied by a $24 per share price target. Elsewhere, DA Davidson's Michael Shlisky is neutral on Rivian after an upgrade from underperform July 5, with an $18 per share price target that equates to about 26% downside.

Persons: Rivian, Needham's Chris Pierce, Pierce, Morgan Stanley's Adam Jonas, Jonas, Vijay Rakesh, Rakesh, Michael Shlisky, Mercedes EQB, Shlisky, — CNBC's Michael Bloom Organizations: FactSet, Wall, EV, Mizuho Securities

[1/5] A priest blesses Argentine faithfuls during San Cayetano's (Saint Cajetan) feast day, the patron saint of labour and bread, at San Cayetano church in Buenos Aires, Argentina August 7, 2023. "Walking around this neighborhood, there are many people who have come from other parts of the country to ask for work. People are asking a saint because they can't ask the politicians," said retiree Juan Mura, 58. "I would like the politicians to come here and see the reality of the people." He said he had come to pray to St. Cayetano for years and he hadn't been let down so far, despite the country's long-running economic woes.

Persons: Mariana Nedelcu, Cayetano, Juan Mura, Sergio Massa, Massa, Betina Basanta, Armando Villar, hadn't, I've, Claudia Martini, Miguel Lo Bianco, Horacio Soria, Adam Jourdan, Conor Humphries Organizations: San, REUTERS, Peronist, Thomson Locations: Argentine, Cayetano's, San Cayetano, Buenos Aires, Argentina, Mariana Nedelcu BUENOS AIRES

☆ A key test for EV sales and the adoption curve is coming
▼ + stars: | 2023-07-30 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

The company says it will reach 400,000 cumulative units of EV production by early 2024 and that its EV business will reach profitability by 2025. "They have dozens of EV models over the next two to three years. watch nowAmong analysts who believe the stock is due for a bigger drop, expected EV sales disappointment is among the factors. But GM's EV plans come as Ford announced it is slowing down its plans to expand EV production to a 600,000 annual rate. "This will be the first year U.S. EV sales reach 1 million," Downey said.

Persons: Scott Mlyn, Brian Downey, Autotrader, Ford, Dan Ives, It's, they'll, Morgan Stanley, Adam Jonas, Mary Barra, Adam Jones, Colin Langan, Garrett Nelson, Chad Lyons, Lyons, Katie Minter, Rebecca Cook, Reuters Paul Jacobson, Jacobson, Ives, Downey, Tesla, Barra, they're, they've, Cox, Goodcarbadcar.net . Ford Organizations: Silverado, New York Auto Show, CNBC, General Motors, Cox Automotive, Kia, Porsche, Hyundai, Chevrolet Silverado, Wedbush Securities, Investors, GM, United Auto Workers union, Wall Street, Deutsche Bank, GMC Hummer EV, Chevy Silverado, GMC Sierra EV, Chevy Blazer, GMC, Blazers, Jaguar, Audi, North American, Reuters, EV, Cox, Ford's, Ford, Goodcarbadcar.net, Volkswagen, BMW – Locations: Detroit, Detroit , Michigan, U.S

☆ These are the 10 American states that are the most prepared for extreme weather
▼ + stars: | 2023-07-28 | by ( Scott Cohn | ) www.cnbc.com time to read: +9 min

But NOAA puts the Ohio Valley at the low end of its Climate Extremes Index, which considers temperatures, precipitation, drought and hurricanes. 2023 Infrastructure score: 205 out of 390 points (Top States grade: C+) Climate Extremes Index: 8.7% Properties at risk: 2.1% Renewable energy: 12.3%8. 2023 Infrastructure score: 231 out of 390 points (Top States grade: B) Climate Extremes Index: 23.68% Properties at risk: 4.2% Renewable energy: 42.5%5. 2023 Infrastructure score: 254 out of 390 points (Top States grade: A-) Climate Extremes Index: 8.7% Properties at risk: 2.7% Renewable energy: 34.6%2. 2023 Infrastructure score: 193 out of 390 points (Top States grade: C) Climate Extremes Index: 19.78% Properties at risk: 9% Renewable energy: 84%1.

Persons: Jeremy Porter, they're, Porter, John Boyd , Jr, Seth Herald, Joe Biden, Adam J, Brian Snyder, Jim Mracek, Andrew Lichtenstein, Helen H, Richardson, Marshall, Jewel Samad, James McGath, Cole Ruud, Nicole Neri, Scott Olson, Biden, Daniel Acker Organizations: Street Foundation, The Boyd Company, Micron, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Tennessee, NOAA, Seth, AFP, Getty, Volunteer State, Michigan, Dewey, Anadolu Agency, Great, Great Lakes State, FEMA, Green, Nebraska, Corbis, Cornhusker, Colorado Firefighters, National Center for Atmospheric Research, Denver Post, Centennial, Kansas, Oklahoma Electric, Sooner State, Energy Department, Washington Post, North Star State, Mount, Iowa, Bloomberg Locations: New York, States, Memphis , Tennessee, Tennessee, Ohio, Royal Oak, MI, Metro Detroit, Royal Oak , Michigan, United States, Great Lakes, Michigan, Vermont, Montpelier , Vermont, Nebraska, Cass County, Boulder , Colorado, Colorado, Dodge City , Kansas, Kansas, Moore , Oklahoma, Sooner, Oklahoma, Minnesota, Stillwater, Stillwater , Minnesota, St, Croix, Dakota, Salem , South Dakota, Mount Rushmore, South Dakota, Gowrie , Iowa, U.S

☆ Sell Carvana after the stock's monster move this year, Morgan Stanley says
▼ + stars: | 2023-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Carvana shares are due for a pullback, according to Morgan Stanley. Analyst Adam Jonas downgraded shares to underweight from equal weight in a Wednesday note. And while he raised his price target to $35 from $12, the new price target implies 20% downside from Wednesday's close. He cited ongoing challenges regarding the used car consumer base and whether the company's business model remains viable over the long-term. "Even considering our expectation of continued recovery in the business and less bearish views on the used car market, the stock's reward-skew and 20% downside to PT move us to UW," Jonas said."

Persons: Morgan Stanley, Adam Jonas, Jonas, Piper Sandler, — CNBC's Michael Bloom Organizations: UW, RBC

The income Luis earns from his Airbnb rental is paid in dollars into a digital account on US payment platform Payoneer, he said. Argentine hosts on Airbnb can receive payments to a local or overseas bank account as well as Payoneer and Paypal, options on one host's account reviewed by Reuters showed and Airbnb confirmed. Airbnb told Reuters in a statement that guidance published on its website advised hosts to register their short-term rental properties with Argentine authorities. Argentine tax authority AFIP said that it "always encourages people to declare" income. The Buenos Aires tourism department told Reuters, however, that just 570 properties were listed on the city's register of short-term rentals in June.

Persons: Luis, Airbnb, Payoneer, AFIP, Ramiro Raposo, AIRBNB, Ariel Yeger, Gaston Levy, Gustavo, Ana Maria Ianni, Ianni, Anna, Catherine Brigida, Adam Jourdan, Suzanne Goldenberg Organizations: Reuters, Argentine, Paypal, Internal Revenue Service, PayPal, AirDNA, Airbnb, Peronist, Thomson Locations: BUENOS AIRES, Airbnb, Buenos Aires, Argentina, Argentine, United States, Senate's

☆ Analysts take Tesla results in stride, but margin concerns remain
▼ + stars: | 2023-07-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street is holding onto its outlook on Tesla after it delivered a solid earnings report that nevertheless showed weaker margins after the company's aggressive price cuts. The electric vehicle maker reported revenue of $24.93 billion, beating the consensus estimate of $24.47 billion, according to Refinitiv. "We believe this was a solid 2Q report with Tesla taking market share and slightly exceeding our automotive non-GAAP margin estimate (and beating in Energy/Services)," Delaney said Wednesday. "However, we believe there could continue to be margin headwinds in the intermediate term if Tesla lowers prices to support higher volumes." "Ultimately, the weaker gross margin highlighted the impact of TSLA's aggressive price cutting and, at 9.6%, its operating margin is now approaching the level of incumbent original equipment manufacturers (OEMs)," he added.

Persons: That's, Elon Musk, Tesla, Goldman Sachs, Mark Delaney, Tesla's, Delaney, Bank of America's John Murphy, Murphy, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom, Lora Kolodny Organizations: Wall Street, Tesla, Energy, Services, Bank of America's

☆ How Chile's progressive new plan to mine lithium faces Indigenous hurdles
▼ + stars: | 2023-07-20 | by ( Alexander Villegas | ) www.reuters.com time to read: +8 min

In interviews with Reuters, some community leaders said they would demand more profits be channeled their way, while others said they would resist any new lithium mining at all. Boric's plan envisions expanding mining with public-private partnerships controlled by a new state lithium company. Both Espindola and Mondaca said a majority of community members oppose expanded lithium mining in the region. It said it takes relationships with Indigenous communities seriously and that is why Boric met with them in person. Yermin Basques, president of Toconao, said he was pushing for the community to receive a greater share of the profits and be a "strategic partner" in the state lithium company.

Persons: Alexander Villegas, Ivan Alvarado, Gabriel Boric, Boric, Francisco Mondaca, SQM, it's, Mondaca, Cristian Espindola, Espindola, Toconao, Albemarle, Alonso Barros, Rolando Humire, Humire, Mauricio Lorca, Adam Jourdan, Rosalba O'Brien Organizations: Reuters, National Reserve, REUTERS, Atacama Indigenous Council, BMW, NASA, National, University of Atacama, Thomson Locations: Antofagasta region, Chile, Santiago, Atacama, Albemarle, Los, Chilean, Basques

☆ The one piece of news from Tesla’s earnings report that’s got analysts buzzing
▼ + stars: | 2023-07-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla 's plan to share its full self-driving capabilities with original equipment manufacturers has Wall Street analysts talking. TSLA 1D mountain Tesla shares fall after second-quarter earnings The comments from Musk came after Tesla topped second-quarter earnings expectations but showed margin weakness due to recent price cuts. Despite these near-term margin concerns , Morgan Stanley's Adam Jonas highlighted the FSD commentary as his biggest takeaway from the call. He did, however, stress some logistical concerns, including whether Tesla would need "greater involvement" in full software system of its peers. "A potential licensing of FSD would represent an important change of scope in how investors measure the TAM for Tesla."

Persons: Tesla, Elon Musk, we're, Musk, Morgan Stanley's Adam Jonas, Jonas, Goldman Sachs, Mark Delaney, Evercore ISI's Chris McNally, Canaccord, George Gianarikas, — CNBC's Michael Bloom Organizations: Wall, TAM, Tesla

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