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☆ Earnings season kicks off after a blowout jobs report upended investors' hopes of another interest-rate cut
▼ + stars: | 2024-10-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Tech: Amazon's Prime Day kicks off tomorrow, and there are some deals on surprising items . Amazon's Prime Day kicks off tomorrow, and there are some deals on . Getty Images; Jenny Chang-RodriguezWe've already got one indication companies are in good shape: Friday's blockbuster jobs report . But another blowout report — 250,000 jobs added and at least 4% wage growth — could lead the Fed to reconsider its easing policy. In addition to the usual Prime Day gadgets, like TVs and Airpods, Amazon is dishing out deals on tents, pocket knives, and chainsaws.

Persons: —, Jenny Chang, Rodriguez, Matthew Fox, we'll, Rodriguez We've, there's, Philipp Carlsson, Chelsea Jia Feng, haven't, Donald Trump's, Tyler Le, John Tomac, that's, boomers, They're, Gen Xers, Gen Zers, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, . Tech, Amazon's, Pfizer, Wall Street, JPMorgan, Wells Fargo, Big Tech, Getty, Fed, Boston Consulting, Trump Media, Microsoft, BI, pharma, CBS, ASEAN Locations: Israel, fintech, Vientiane, Laos, New York, London, Chicago

☆ The jobs number surpassed everyone’s expectations. Cue the complaints about the Fed
▼ + stars: | 2024-10-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

“Did the Fed even need to cut rates in September, let alone cut by 50bps (basis points)?” Seema Shah, chief global strategist at Principal Asset Management, wrote in a note on Friday. Second-guessing the Fed isn’t new, of course. Central bank officials themselves note the uncertainty inherent in their work, especially when the economy reaches inflection points. Even Fed officials don’t always agree with the central bank’s actions, such as Fed Governor Michelle Bowman, the lone dissenter to the Fed’s decision to cut rates by half a point in September. ‘This isn’t exact science’Fed officials aren’t shy about admitting that they don’t always have confidence in how the US economy will evolve.

Persons: Washington CNN —, Jerome Powell, Philipp Carlsson, Seema Shah, James Knightley, Powell, don’t, Michelle Bowman, wouldn’t, —, ” Carlsson, Szlezak, “, ” Gina Bolvin Organizations: Washington CNN, Federal Reserve, Boston Consulting, Asset Management, ING, Bolvin Wealth Management Locations: Wall, Washington

☆ Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
▼ + stars: | 2024-09-23 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive. The strategic action requires Northvolt to reduce its global workforce by around 20% and a 25% reduction in Sweden, the firm said. Northvolt, which currently delivers batteries from its first gigafactory Northvolt Ett in Skellefteå, said in March that it had over 6,000 employees. The announced measures come as part of a broader strategic review and in response to what Northvolt described as "a challenging macroeconomic climate." Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately-held tech firms that builds lithium-ion batteries for the electric vehicle industry.

Persons: Northvolt, Peter Carlsson, Carlsson, — CNBC's Ryan Browne Organizations: Office, Monday, Volkswagen, Volvo Locations: Northvolt, Sweden, Skellefteå, Stockholm

☆ The Fed is finally about to cut interest rates. What took so long?
▼ + stars: | 2024-09-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. Fed officials and investors have long anticipated that borrowing costs would come down in 2024 — at some point — according to their economic forecasts. But nine months in, rate cuts still haven’t happened, drenching Wall Street’s parade and leaving US consumers squeezed by elevated interest rates. Here’s why the Fed didn’t cut soonerIt’s simple: The Fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. Bond yields, which move in anticipation of the Fed’ decisions on rates, have come down over the past several weeks based on signs encouraging the Fed to cut rates, such as weaker-than-expected employment data and cooling inflation.

Persons: Washington CNN — It’s, it’s, ” Oscar Muñoz, ” Muñoz, Jerome Powell, Powell, Donald Trump, Joe Biden, “ Jerome Powell’s, ” Philipp Carlsson Organizations: Washington CNN, Federal Reserve, Fed, Wall, TD Securities, CNN, Kansas City, Capitol, White, Boston Consulting Group Locations: —, Jackson Hole , Wyoming

☆ Battery giant Northvolt to lay off staff in huge cost-cutting drive amid EV market slowdown
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Northvolt, a key battery producer for Europe's electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility in Poland. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately-held tech firms that builds lithium-ion batteries for the electric vehicle industry. The battery maker cited a "challenging macroeconomic environment and our subsequent reassessment of Northvolt's near-term priorities" as the key reasons behind its decision to embark on the cost-cutting drive. Northvolt has faced a litany of pressures in recent months — not least the demand challenges facing the broader electric vehicle industry. BMW said at the time that the deal had been cancelled due to Northvolt being unable to deliver on time.

Persons: Northvolt, Peter Carlsson Organizations: Volkswagen, Volvo, Alternative Fuels, BMW, EV Locations: Poland, Stockholm, Sweden, Europe

☆ Investors are fearful. They shouldn’t be
▼ + stars: | 2024-04-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The economy has been extraordinarily resilient for the past few years — consistently proving the naysayers wrong, he says. For all of the market gloom last week, stocks are still near all-time highs, and this earnings season has been strong. Investors have been worrying about the Federal Reserve keeping rates higher for longer. I speak with many institutional investors, and I don’t see them folding in fear. Residual lubricant reduced the retention of the pad to the pedal,” the NHTSA wrote in the recall document.

Persons: ”, Philipp Carlsson, there’s, Carlsson, Szlezak, they’re, I’m, it’s, I’ve, we’re, TikTok, Brian Fung, Joe Biden, Tesla, Chris Isidore, Peter Valdes Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Boston Consulting, ByteDance, NHTSA Locations: New York, Europe, Ukraine, Israel, Washington

☆ Japan and the UK are in recessions. Is the US next?
▼ + stars: | 2024-02-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —And just like that, two of the world’s largest economies are in technical recessions. On Thursday, Japan and the UK both reported their second consecutive negative quarters of gross domestic product, fitting the widely agreed-upon definition of a recession. In 2022, the nation’s population declined by 800,000, marking the 14th consecutive year of contraction. In the UK, however, population and wage growth weren’t sufficient to stave off a drop in consumer spending, one of the main drivers of that economy. In the past two quarters, the nation’s economy experienced much higher than expected GDP growth, due in large part to robust consumer spending.

Persons: Paul Donovan, ” Donovan, Kazuhiro Nogi, ”, didn’t, Jerome Powell, “, it’s, there’s, Powell, Philipp Carlsson, doesn’t, “ it’s, Carlsson Organizations: New, New York CNN, UBS Global Wealth Management, Getty, National Bureau of Economic Research, don’t, US Federal Reserve, Boston Consulting Locations: New York, Japan, Germany, AFP, Ukraine

☆ Nobody's quitting their job anymore. That's a bad sign for workers.
▼ + stars: | 2024-02-04 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

That could be a sign that workers feel less confident about the state of the labor market. AdvertisementFriday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown. "The second straight 2.2% quits rate — just below the pre-Covid level — is more important, because it clearly signals slower wage gains." "All that air is coming out of the labor market, even though hiring remains strong." "The job market is steadily returning to its pre-pandemic self," Morningstar's Preston Caldwell said in a research note.

Persons: —, José Torres, Ian Shepherdson, Philipp Carlsson, Szlezak, Optimists, Morningstar's Preston Caldwell Organizations: Service, of Labor Statistics, Macroeconomics, Bureau of Labor Statistics, Boston Consulting Group, Business, eBay, Los Angeles Times

☆ NHL roundup: William Nylander extends streak, Leafs edge Flames
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 10, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs forward Max Domi (11) goes after a loose puck against the Calgary Flames during the third period at Scotiabank Arena. William Nylander scored twice and had an assist for Toronto to extend his points streak to 14 games -- a team record to open a season. Calle Jarnkrok and John Tavares also scored for the Maple Leafs, who had lost five of their previous six games (1-3-2). Connor Zary, Nikita Zadorov, A.J, Greer and Martin Pospisil scored for the Flames, who had won their two previous games after losing six straight. Panthers 5 Hurricanes 2Rookie defenseman Uvis Balinskis scored his first NHL goal, leading host Florida over Carolina in Sunrise.

Persons: Max Domi, John E, William Nylander, Calle Jarnkrok, John Tavares, Joseph Woll, Connor Zary, Nikita Zadorov, Greer, Martin Pospisil, Dan Vladar, Alec Martinez, Adin Hill, Alex Pietrangelo, William Karlsson, Brett Howden, San Jose, Michael Amadio, Kaapo Kahkonen, Owen Tippett, Travis Sanheim, Cam Atkinson, Sean Couturier, Louie Belpedio, Sam Ersson, Joel Farabee, Leo Carlsson, Uvis Balinskis, Matthew Tkachuk, Carter Verhaeghe, Aleksander Barkov, Kevin Stenlund, Sam Reinhart, Sergei Bobrovsky, Devon Levi, Jeff Skinner, JJ Peterka, Levi, Skinner, Filip Gustavsson, Evgeny Kuznetsov, Nicolas Aube, Beck Malenstyn, Tom Wilson, Charlie Lindgren, Timo Meier, Dawson Mercer, Vitek Vanecek, Akira Schmid Organizations: CAN, Toronto Maple Leafs, Calgary Flames, Scotiabank Arena, Calle, Maple Leafs, Toronto, Flames, Golden Knights, Sharks, Vegas, San, Flyers, Ducks, Philadelphia, Panthers, Hurricanes, NHL, Eastern, Devon, Buffalo, Minnesota, Sabres, Capitals, Devils, Thomson Locations: Toronto , Ontario, Toronto, A.J, San Jose, Las Vegas, Anaheim, Florida, Carolina, Sunrise, Washington, New Jersey, Newark, Nicolas, Kubel

☆ Last-minute, short-handed goal leads Ducks past Penguins
▼ + stars: | 2023-10-31 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/36] Oct 30, 2023; Pittsburgh, Pennsylvania, USA; Anaheim Ducks center Leo Carlsson (91) warms up before the game against the Pittsburgh Penguins at PPG Paints Arena. Jakob Silfverberg and Frank Vatrano also scored and Pavel Mintyukov had two assists for the Ducks, who have won four straight. Erik Karlsson and Evgeni Malkin each had goal and an assist while Radim Zohorna also scored for the Penguins, who have lost five of their past six games. At 8:28 of the first, Silfverberg tied it. Anaheim tied it again 1:36 later.

Persons: Leo Carlsson, Charles LeClaire, Mason McTavish's, McTavish, Tristan Jarry, Jakob Silfverberg, Frank Vatrano, Pavel Mintyukov, Greg Cronin, John Gibson, Lukas Dostal, Erik Karlsson, Evgeni Malkin, Radim Zohorna, Jarry, Karlsson, Jake Guentzel, Gibson, Malkin, Silfverberg, Jarry lunged, Vatrano, Ross Johnston, Cronin, Zohorna Organizations: Anaheim Ducks, Pittsburgh Penguins, PPG Paints, Ducks, Anaheim, Penguins, The Ducks, Pittsburgh, Thomson Locations: Pittsburgh , Pennsylvania, USA, Pittsburgh, Anaheim

☆ Ducks rally to beat Bruins in OT
▼ + stars: | 2023-10-27 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/33] Oct 26, 2023; Boston, Massachusetts, USA; Boston Bruins center Morgan Geekie (39) checks Anaheim Ducks right wing Frank Vatrano (77) during the first period at TD Garden. Mandatory Credit: Bob DeChiara-USA TODAY Sports Acquire Licensing RightsOctober 27 - Mason McTavish scored at 2:08 of overtime as the Anaheim Ducks scored the final three goals to post a come-from-behind, 4-3 win over the host Boston Bruins on Thursday night. David Pastrnak scored a goal and added an assist while Charlie McAvoy dished out three helpers to lead Boston, which was 6-0-0 entering the night. Charlie Coyle and Matt Grzelcyk scored the Bruins' first two goals. The Ducks had a 32-30 shot advantage, including a 14-11 count in the third period and 2-0 in overtime.

Persons: Morgan Geekie, Frank Vatrano, Bob DeChiara, Mason McTavish, Leo Carlsson, Troy Terry, McTavish, Radko Gudas, Ryan Strome, John Gibson, David Pastrnak, Charlie McAvoy, Charlie Coyle, Matt Grzelcyk, Carlsson, Terry, Brad Marchand, Gudas, Hampus Lindholm, carom, Poitras, McAvoy, Pastrnak, Pavel Zacha's Organizations: Boston Bruins, Anaheim Ducks, Garden, Carlsson, Anaheim, Bruins, Ducks, Boston, Thomson Locations: Boston , Massachusetts, USA, Boston

☆ Frank Vatrano, Ducks break away for OT win vs. Blue Jackets
▼ + stars: | 2023-10-25 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/34] Oct 24, 2023; Columbus, Ohio, USA; Columbus Blue Jackets goaltender Elvis Merzlikins (90) passes the puck during the first period against the Anaheim Ducks at Nationwide Arena. Mandatory Credit: Joseph Maiorana-USA TODAY Sports Acquire Licensing RightsOctober 25 - Frank Vatrano scored on a breakaway 2:20 into overtime to fuel the visiting Anaheim Ducks to a 3-2 victory over the Columbus Blue Jackets on Tuesday. Anaheim's Ryan Strome scored in the second period and fourth-liner Brett Leason tallied in the third. Merzlikins made 24 saves for the Blue Jackets, who were thwarted in their bid to record three straight wins for the first time since March 11-16, 2022. Strome cleaned up a rebound following a two-on-one rush from defenseman Pavel Mintyukov to forge a 1-1 tie with 4:11 remaining in the second period.

Persons: Elvis Merzlikins, Joseph Maiorana, Frank Vatrano, Troy Terry, Merzlikins, Anaheim's Ryan Strome, Brett Leason, Lukas Dostal, Adam Fantilli, Emil Bemstrom's, Jack Roslovic, Fantilli, Dostal, Leo Carlsson, Carlsson, Connor Bedard, Ivan Provorov, Columbus, Strome, Pavel Mintyukov, Leason, Ross Johnston, Leason's Organizations: Columbus Blue Jackets, Anaheim Ducks, Nationwide Arena, Ducks, Columbus, Nationwide, . Blue Jackets, Chicago Blackhawks, Blue Jackets, Bemstrom, Thomson Locations: Columbus , Ohio, USA, Anaheim, Columbus

☆ Coyotes edge Duck to triumph in home opener
▼ + stars: | 2023-10-21 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/19] Oct 21, 2023; Tempe, Arizona, USA; Anaheim Ducks center Sam Carrick (39) and Arizona Coyotes defenseman J.J. Moser (90) battle for position in front of goaltender Karel Vejmelka (70) in the first period at Mullett Arena. Frank Vatrano scored and Lukas Dostal made 26 saves for Anaheim, which has lost two in a row. Arizona went on its second power play in the first period after Ducks rookie Leo Carlsson was called for interference against Lawson Crouse. Anaheim's top line of Trevor Zegras, Troy Terry and Carlsson combined to take 18 of its 33 shots on goal. Arizona was down to 10 forwards for the final period after Michael Carcone (upper-body injury) and Zucker (lower-body injury) departed.

Persons: Sam Carrick, J.J, Moser, Karel Vejmelka, Matt Kartozian, Jason Zucker, Clayton Keller, Frank Vatrano, Lukas Dostal, Leo Carlsson, Lawson Crouse, Juuso Valimaki, Matias Maccelli, Valimaki, Zucker, Keller, Vejmelka, Vatrano, Adam Henrique, Jakob Silfverberg, Trevor Zegras, Troy Terry, Carlsson, Michael Carcone Organizations: Anaheim Ducks, Arizona Coyotes, Mullett, Arizona, Anaheim, Ducks, Lawson Crouse . Arizona, The Ducks, Thomson Locations: Tempe , Arizona, USA, Tempe, Ariz, Lawson Crouse ., Arizona, Anaheim

☆ Veterans from Tesla, Northvolt hatch plan to mass-produce huge batteries to store solar and wind energy
▼ + stars: | 2023-10-04 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The mountains of Colorado in the background inspired the name of the company, Peak Energy. We're completely the opposite," Cameron Dales, president and chief commercial officer of Peak Energy, told CNBC in a video interview Friday. 1 issue we face as it relates to expanding renewable energy sources is storage," Reichow told CNBC. "We're running a playbook which I and the rest of the executive team initially demonstrated and deployed at Northvolt," Mossburg told CNBC. "Landon and I worked together at Tesla and I know what he's capable of delivering," Reichow told CNBC.

Persons: Cameron Dales, Landon Mossburg, We're, Greg Reichow, Reichow, Ryan Gibson, Aidan Madigan, Curtis, Cameron, Mossburg, Northvolt, Peter Carlsson, Rho Kana, Enovix, Anil Achyuta, Landon, Tesla, Cam, It's, Alun Thomas, Dales Organizations: Peak Energy, Energy Battery, Energy, CNBC, Eclipse, Tesla, TDK Ventures, United States Energy Information Administration, Eclipse Venture, Cameron Dales, US, Dales, Symyx Technologies, Northvolt, Ford, Manufacturing Engineering, Panasonic Locations: Colorado, Silicon, Tokyo, San Francisco, Northvolt, Sweden, Cameron Dales, Fremont , Calif, Fremont , California, Penang, Malaysia, China, United States, U.S, Nevada, Enovix

☆ Music and light shows bring new energy to derelict Hungarian power plant
▼ + stars: | 2023-09-01 | by ( Krisztina Than | ) www.reuters.com time to read: +2 min

[1/6] Festivalgoers attend the INOTA music and visual arts festival at an abandoned thermal power plant in Varpalota, Hungary, August 31, 2023. REUTERS/Marton Monus Acquire Licensing RightsVARPALOTA, Hungary, Sept 1 (Reuters) - A derelict power plant in Hungary came back to life on Thursday, powered by music and light shows as thousands of festival-goers marvelled at its three huge cooling towers dominating the starry late summer sky. The INOTA coal-fired thermal plant, built in the 1950s during the Communist era and once one of the country's largest industrial sites, was shut down in 2001. Hilda Carlsson, 33, said she and her friends travelled from Sweden largely to see Frahm at the INOTA festival. The INOTA plant featured in the epic 2017 American dystopian movie "Blade Runner 2049", starring Ryan Gosling and Harrison Ford, which was partly filmed in Hungary.

Persons: Marton Monus, marvelled, Nils Frahm, Hilda Carlsson, Carlsson, Daniel Avery, Ryan Gosling, Harrison Ford, Daniel Besnyo, Besnyo, Akos Marencsak, Krisztina, Frances Kerry Organizations: REUTERS, Reuters, Thomson Locations: Varpalota, Hungary, Berlin, Sweden, United Kingdom, Lebanon Hanover, Hungarian

☆ On Ibiza, a Celebration of Summer Love
▼ + stars: | 2023-07-27 | by ( Sophie Bew | ) www.nytimes.com time to read: +1 min

Video Credit Credit... For our 2023 Summer Entertaining Issue , T stops by dinner parties from Ibiza to Long Island — and shares recipes for the best warm-weather snacks and spritzes. - Three Easy Summer Dishes: The French chef Yann Nury elevates classic seasonal recipes with fresh flavor combinations and a few luxurious additions. - Host Gift Guide: What T’s editors and contributors are bringing to thank their hosts this summer, including surreal serving spoons and cozy quilts. The attendees: “It was about bringing our love for the island, love for each other, love for our friends and the business all together,” Rajani, 37, said. He and Shapiro, 42, invited friends including the publicists Nan Richards, 62, and Bruno Busson, 34; the stylist Rahi Chadda, 30; and the magazine editor Tobias Frericks, 45.

Persons: Yann Nury, ” Rajani, Shapiro, Nan Richards, Bruno Busson, Rahi Chadda, Tobias Frericks, Patrick Cox, Johanna Carlsson, Daniela Agnelli Organizations: Credit Locations: Ibiza, Long, French, Amsterdam

[1/3] Jun 28, 2023; Nashville, Tennessee, USA; Connor Bedard puts on a Chicago Blackhawks jersey after being taken with the first pick in the 2023 NHL Draft at Bridgestone Arena. Mandatory Credit: Christopher Hanewinckel-USA TODAY SportsJune 28 (Reuters) - The Chicago Blackhawks selected Connor Bedard with the first pick of the NHL Draft on Wednesday in hopes the young centre can help bring the storied franchise back into contention for a Stanley Cup. "It's hard to put into words," Bedard said about being drafted by the six-time champions. Bedard's first game as a professional will be Oct. 10 when the Blackhawks face Sidney Crosby and the Penguins in Pittsburgh. The Anaheim Ducks surprised some, including Leo Carlsson, when they used the second pick to draft the big Swedish centre.

Persons: Connor Bedard, Christopher Hanewinckel, " Bedard, Sidney Crosby, Bedard, Patrick Kane, Connor McDavid, Western Hockey League's Regina, Kane, Leo Carlsson, " Carlsson, University of Michigan's Adam Fantilli, Will Smith, David Reinbacher, Rory Carroll, Frank Pingue, Muralikumar Anantharaman, Chris Reese Organizations: Chicago Blackhawks, Bridgestone Arena, The Chicago Blackhawks, NHL, Stanley, Blackhawks, Penguins, Chicago, Western Hockey League's, Western Hockey League's Regina Pats, WHL, Anaheim Ducks, University of Michigan's, Columbus Blue Jackets, San Jose Sharks, Montreal Canadiens, Thomson Locations: Nashville , Tennessee, USA, Pittsburgh, American, Nashville, Los Angeles, Toronto

☆ Northvolt, a $12 billion startup founded by an ex-Tesla VP, thinks crushing and shredding old batteries is the way to make electric vehicles truly sustainable
▼ + stars: | 2023-04-03 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

NorthvoltHow Northvolt's process worksNorthvolt's recycling process, which was dreamed up in 2018 and planned and tested in the following years, involves crushing, shredding, and filtering dismantled batteries. Northvolt is left with a black powder called black mass, which contains nickel, manganese, cobalt, and lithium. Once Northvolt's latest venture, Revolt Ett, is up and running at full capacity, it's expected to recycle 125,000 tons of battery materials each year. Cylindrical cells; shredded pieces of steel, copper, aluminium, plastic, and black mass from mechanical recycling; black mass; and a mix of nickel, manganese, and cobalt sulfates. The Hydrovolt pilot runs Northvolt's recycling process up to the black-mass stage.

☆ The U.S. stock market keeps beating Europe in new listings. And it's no fluke
▼ + stars: | 2023-03-14 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

People clap during the ringing of the closing bell at the New York Stock Exchange. The United States is more attractive than European exchanges for new listings and there is not much that Europeans can do to change that, analysts told CNBC. Both examples highlight how the U.S. stock market is more attractive to the corporate world. Roger Jones, head of equities at London and Capital, told CNBC there are two main reasons why this is the case. "Sellers or listers can get better prices in the U.S. which still trades on significantly higher valuations than Europe.

☆ NHL roundup: Bruins bounce Rangers for 10th straight win
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +9 min

At the end of a board battle behind Elliott in the second period, Hinostroza one-timed his second goal off a pass from Casey Mittelstadt at 5:35 for Buffalo's first lead. Captain Dylan Larkin scored in the second period and Magnus Hellberg made 32 saves for the Red Wings, who have lost five straight games (0-4-1). Bennett, who had missed six straight games, scored one goal. Capitals 8, Sharks 3Craig Smith scored twice in Washington's four-goal second period and the visitors rallied for a win against San Jose. Predators 3, Blackhawks 1Philip Tomasino, Tyson Barrie and Colton Sissons scored for visiting Nashville in a win against Chicago.

☆ Goldman-backed battery firm Northvolt earmarks next quarter for U.S. factory announcement
▼ + stars: | 2023-02-21 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty ImagesSKELLEFTEA, Sweden ꟷ Battery firm Northvolt will outline details of a new manufacturing plant in the U.S. before the start of the summer, CEO Peter Carlsson told CNBC Tuesday. The Swedish company has been reevaluating some of its investment decisions in light of the U.S. Inflation Reduction Act — often referred to as IRA. "I would be surprised if we have not done an announcement by latest in Q2 [second quarter]," he said. A worker walking past the coating ovens section at the Northvolt Ett factory in Skelleftea, north Sweden.

☆ Mystery: ‘Blaze Me a Sun’ by Christoffer Carlsson
▼ + stars: | 2023-01-27 | by ( Tom Nolan | ) www.wsj.com time to read: 1 min

Two brutal acts on a night in 1986 set the saga in motion. On a Stockholm street, Prime Minister Olof Palme is assassinated. That same evening, in Halland County, a man calls the local police station and says: “I raped a woman in a car. It’s near Tiarp Farm. I’m going to do it again.

☆ Northvolt says 'believes in Germany', battery plant talks ongoing
▼ + stars: | 2023-01-18 | by ( Victoria Waldersee | ) www.reuters.com time to read: +2 min

BERLIN, Jan 18 (Reuters) - Northvolt believes in Germany as an industrial location and continues discussions on building a battery plant there, it said on Wednesday amid speculation that the Swedish battery maker could divert its planned investment to the United States. There are certain requirements in order to make this feasible in competition with the United States," Nicolas Steinbacher, Head of Strategy and Program for Northvolt in Germany, said at a battery conference in Berlin. "We are working together with the government in a spirit of trust to solve these challenges," he added. The company is holding fortnightly citizen consultations in Heide in northern Germany, where it signed a memorandum of understanding with the state of Schleswig-Holstein in 2022 for a possible battery plant. Reporting by Victoria Waldersee; Editing by Christoph Steitz and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ 7 up-and-coming battery makers vying for the $370 billion electric commercial vehicle business
▼ + stars: | 2022-12-22 | by ( Andrew Moseman | ) www.businessinsider.com time to read: +6 min

The global electric commercial vehicle market is expected to top $370 billion in annual revenue by 2030. With a flood of new battery-powered autos set to transform the business of building passenger vehicles, it was natural that commercial vehicles would be next. The global electric commercial vehicles market is expected to surpass $370 billion in annual revenue by 2030, according to Guidehouse Insights. It also has its toes deep into electric mobility, building batteries not only for EVs but also electric buses, boats, and trucks. Now, through internal changes and acquisitions, BorgWarner is positioning itself for the electrified future, especially as that future comes to commercial vehicles.

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