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Electric vehicles, trade, tariffs, China, emissions regulations and labor are among the top issues automakers are monitoring, according to industry executives and policy experts. Harris vs. TrumpOfficials expect a Harris victory to be a continuation, but not a copy, of the past four years under Biden. Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Republicans, led by Trump, have largely condemned EVs, saying that they are being forced upon consumers and that they will ruin the U.S. automotive industry. LaborOf the many issues regarding the automotive industry, officials who spoke to CNBC were nearly unanimous regarding labor: They're concerned a Harris win would continue to mean increased power for organized labor.
Persons: Bill Pugliano, Kamala Harris, Donald Trump, Joe Biden, Harris, Jefferies, Philippe Houchois, Biden, Shawn Fain, Drew Angerer, Brian Snyder, , Elon Musk's, Trump, Pablo Di Si, EVs, Harris hasn't, Peter Rawlinson, Rawlinson, That's, Trump's, USMCA, Mary Barra, hasn't, Fain Organizations: Ford, Ford Dearborn Plant, Getty, DETROIT, Motor, Great, Trump, CNBC, Trump Officials, United Auto Workers, Democratic, International Union of Painters, AFP, Republican, Reuters, Motors, Ford Motor, Chrysler, EV, Lucid, Tesla, California Air Resources, D.C, District of Columbia, Alliance for Automotive Innovation, U.S . Officials, IRA Electric, Volkswagen Group of America, Automotive, Republicans, Environmental Protection Agency, . North, North American Free Trade, Jefferies, Labor, Democratic National Convention, UAW Locations: Dearborn , Michigan, Michigan, Motor City, Great Lakes State, China, Macomb , Michigan, California, Hamtramck , Michigan, U.S, Detroit, Washington , Oregon, New York, Washington, . North American, United States, Mexico, Canada, American
A Russian Su-35 made risky, dangerous moves near a US F-16 late last month. “On Sept 23, 2024, NORAD aircraft flew a safe and disciplined intercept of Russian Military Aircraft in the Alaska ADIZ. Rules on aircraft behavior in international airspaces, create "an understood behavior so that we mitigate the risk" of problems. AdvertisementWhat the Su-35 pilot did was nothing of the sort. Russian military aircraft have also been involved in risky incidents, including a string of unprofessional intercepts of US Navy P-8As by Su-35s a few years ago and multiple incidents in Syria, among other places.
Persons: , ” –, Gregory Guillot pic.twitter.com, Gregory Guillot, Vincent Aiello, Mike Torrealday, I've, — Chris Hadfield, It's, Su, could've Organizations: NORAD, Service, North American Aerospace Defense Command, Russian Military Aircraft, American Aerospace Defense Command, US Northern Command, US Navy, US Air Force, US Defense Department, US, Pentagon Locations: Russian, Alaska, Russia, South China, American, Syria, Ukraine, Hainan, China
Read previewTesla fan Vishal Gondal from Mumbai said he preordered a Tesla Model 3 in April 2016, excited about the car's "cutting-edge EV technology." Gondal is one of the Tesla fans in India who preordered the Model 3 in 2016 and were left hanging for years for cars that never arrived. Advertisement"I initially expected to wait one to two years but ended up waiting nearly eight years with no car," Gondal told BI. It lowered import taxes on EVs made by companies that commit to investing at least $500 million and start domestic manufacturing within three years, per Reuters. AdvertisementRepresentatives for Tesla did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Vishal Gondal, Elon Musk's, Tesla, Gondal, Hemant Suthar, Elon Musk, Musk Organizations: Service, Tesla, Business, Audi, Musk's EV, Associated Press, Reuters, Business Insider Locations: Mumbai, India, Europe, Asia, Pacific
It is profoundly painful,” said Dr. Dana Varble, chief veterinary officer for the North American Veterinary Community, a nonprofit organization that provides learning opportunities for veterinarians. Denali, seen here with his owner veterinarian Dr. Dana Varble, is now fully healed from his eye surgery. To overcome that obstacle, the North American Veterinary Community holds periodic trainings so a general vet can become more comfortable treating simple injuries and eye abnormalities. (screenshot captured from video) North American Veterinary CommunityDroopy eyes and signs of injuryThere are other eye problems that require plastic surgery as well. In this screenshot from video, a dog receives an eye exam during training by the North American Veterinary Community.
Persons: CNN — Hamilton, , Dana Varble, Varble, Hamilton, ” Varble, , Lori Hilton, shih tzus, they’re, Maine coons, it’s, Maine coon, Jinxy, Kate Myrna, Myrna, Martina Gibboney “, ” Myrna, don’t, basset, cocker spaniels, Jenny May Stringer Organizations: CNN, North American Veterinary, Boston, French bulldogs, College of Veterinary Medicine, University of Georgia, bulldogs, Pekingese, , North American Veterinary Community, Veterinary Community, Veterinary Locations: Pekingese, puppyhood, Ragdolls, Maine, Athens , Georgia, Athens, pawing, Great Danes, rottweilers, United States
Rachel Wisniewski | ReutersAmericans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. "As a result, consumers continue to scrutinize their spending and make near-term decisions based primarily on need, price and perceived value. But those options have fallen out of favor as interest rates rose. He also cited increased interest rates as another weight on their shoulders. Lofty interest rates have also hampered housing improvement efforts for those staying put, according to Home Depot .
Persons: Rachel Wisniewski, Joe, Shelly Ibach, Ibach, FactSet, Mark Mathews, Platt, J, Mitchell Dolloff, Dow Jones, it's, Mathews, Enphase, Badri Kothandaraman, Marc Bitzer, Patrick T, bode, Robert Ohmes, Richard McPhail, It's, McPhail Organizations: Reuters, Reserve, Prosper, National Retail Federation, San Francisco Fed, New York Fed, Management, Commerce Department, Consumers, Whirlpool, Fallon, Bloomberg, Getty, Bank of America, CNBC Locations: Gilbertsville , Pennsylvania, Minneapolis, U.S, California, Torrance , Calif, Minnesota
While donations to charity have been rising, the pool of donors is shrinking, as philanthropy becomes hyper-concentrated among a small group of ultra-wealthy mega-donors, according to a new study. While women make up11% of the ultra-high-net-worth population, they account for 22% of the larger givers, according to the study. Today’s ultra-wealthy donors also prefer to give through private foundations and donor-advised funds — which give them more control — rather than simply writing checks to the Red Cross or United Way. The top charitable cause for ultra-wealthy donors was education (at 54%), according to Altrata. "There is some evidence that the ultra-high-net-worth population has different skews from the broader population," Pasic said.
Persons: Melinda Gates, Robert Frank, Mark Suzman, Amir Pasic, Indiana University Lilly, , , Altrata, Pasic Organizations: Gates Foundation, Indiana University, Indiana University Lilly Family School of Philanthropy, Cross, Federal Reserve Locations: Khayelitsha, Cape Town , South Africa, Altrata, North
Increasingly, people are interested in pursuing how their genes may be affecting their health, nutrition, fitness potential and risk of injury. The global market for these direct-to-consumer genetic tests is projected to soar in the next several years, skyrocketing from $1.9 billion in 2023 to $8.8 billion by 2030, according to a market analysis report by Grand View Research. Still, some are intriguedDespite these issues, many remain intrigued by DNA fitness tests. Balance Gym recently partnered with FitnessGenes, a UK-based company that sells genetic tests, to help its clients achieve better results from their workouts. Time, and further scientific advances, may shed more light on whether DNA fitness tests are, or can be, useful.
Persons: they’re, there’s, Timothy Caulfield, “ I’ve, ” Caulfield, Caulfield, , Eva, Dylan MacKay, ” MacKay, , Devin Maier, Maier, ” Maier, MacKay, Melanie Radzicki McManus Organizations: CNN’s, CNN, Grand View Research, Indian, Australia’s National Rugby League, University of Alberta, University of Manitoba, FitnessGenes Locations: Europe, Orthopaedics, Uzbekistan, China, Edmonton, Winnipeg , Canada, Washington ,,
PepsiCo's revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices. Pepsi raised prices 11% in the July-September period, the seventh straight quarter that the Purchase, New York, company has increased prices by double-digits. Sales volumes fell 2.5%. Still, Frito-Lay North America sales volumes dropped 0.5% during the July-September period as net prices rose 8%. North American beverage sales volumes dropped 6% as prices rose 12%.
Organizations: Pepsi, PepsiCo, Gatorade, Lay North, FactSet Locations: , New York, Lay North America, American, Europe, America
From arts and entertainment to health and wellness, businesses across industries are tapping into financial technology to drive growth. Below are three tips to help enterprises stay informed on the latest financial technology trends, while delivering value to their customers and employees. Choosing a single payment platform is a good starting point for increasing agility, but the type of platform you choose matters. Taking the next stepFor businesses looking to scale amid a changing economic landscape, a single financial technology platform isn't just a choice; it's a necessity. Learn more about how Adyen's single payment platform can help your enterprise meet the evolving needs of customers and businesses.
Persons: , Pepe Jeans, Vázquez Cabezas Organizations: Enterprise, Terme, Federal Reserve Bank of San, Connect, Marketing, Insider Studios Locations: Federal Reserve Bank of San Francisco, Adyen
For investors looking to rake in profit from the recent oil rally, here are some companies that are poised to benefit off of higher crude prices. Higher oil prices could add to inflationary pressure and feed central bankers' decisions on interest rates. Higher correlation between oil prices means good news for some companies, however. The 10 most positively correlated stocks to oil are energy names, which tend to rise when oil prices get a boost. Molson and Monster have slipped 5.6% and 2.2%, respectively, during the current quarter, while PepsiCo is off more than 5%.
Persons: Brent, WTI, Russell, Molson Coors Organizations: West Texas, CNBC, Oil, Diamondback Energy, Devon Energy, APA, Diamondback, Halliburton, Insurance, CCC Intelligent Solutions Holdings, . Beverage, Molson, Monster, PepsiCo, Bank of Canada, Manhattan Associates, Cadence Design Systems, chocolatier Hershey Locations: Saudi Arabia, Russia, Devon, American
[1/2] People shop for clothes at Target retail chain in Westbury, New York, U.S., May 20, 2021. Walmart (WMT.N) and Target (TGT.N), the two biggest retailers in the United States, have set a cautious tone for the rest of the year. David Klink, senior equity analyst at Huntington Private Bank, said he saw "encouraging" signs in Amazon's results. Walmart, which reports on Aug. 17, had a better-than-expected first quarter and forecast sales to be up about 3.5% for the year. "I think that value-based retailers like Walmart and Target" will hold up better than others, he said.
Persons: Shannon Stapleton, David Klink, Neil Saunders, Joseph Feldman, Siddharth Cavale, Ananya Mariam Rajesh, Rosalba O'Brien Organizations: REUTERS, Walmart, Target, Foods, Huntington Private Bank, Amazon, Apple, Maersk, WPP, Telsey, Thomson Locations: Westbury , New York, U.S, United States, Seattle, New York, Bengaluru
July 25 (Reuters) - The U.S. economy may ultimately skirt a recession, but it's felt like one for months at Jon Ferrando's 103 RV dealerships. "Our industry has always been a little challenged on forecasting around demand," said Jason Lippert, CEO of LCI Industries, a large supplier of parts to the RV industry that is also based in Elkhart. "If I was just looking at RV data, I would be screaming recession," said Michael Hicks, an economics professor at Ball State University in Indiana who tracks the industry, adding that pullbacks in RV shipments have signaled every U.S. recession since 1981. "We expect in the second half of this year shipments (of RVs) will start to increase again," Geraci said. Gregg Fore, an RV industry consultant who previously ran an RV parts supplier, said half the new inventory at some dealers he works with are 2022 models.
Persons: it's, Jon Ferrando's, Ferrando, Michael Happe, Eden, Jason Lippert, Michael Hicks, RVIA, Monika Geraci, Geraci, Gregg Fore, Tyler Hermon, Timothy Aeppel, Dan Burns, Paul Simao Organizations: Winnebago Industries, Federal Reserve, RV Industry Association, Thor Industries, LCI Industries, Ball State University, Dealers, Thomson Locations: U.S, Fort Lauderdale , Florida, RVs, United States, Elkhart , Indiana, Eden Prairie , Minnesota, Elkhart, Indiana, North America, RVing
Today, most lithium brine mining takes place in the Salar de Atacama, an expansive salt flat in northern Chile that contains the highest quality lithium brine in the world. EnergyXDoing things differentlyIn a world before electric vehicles, traditional methods of brine mining and hard rock mining more than sufficed to meet global lithium demand. It's the brine resources that are large enough to electrify the vehicle industry," Snydacker said. Lilac Solutions is developing a direct lithium extraction facility in Argentina in partnership with Australian lithium company Lake Resources. Lilac Solutions
Persons: Dave Snydacker, DLE, Amit Patwardhan, Robert Mintak, there's, Snydacker, EnergyX, It's Organizations: Lilac Solutions, Solutions, Bay, Resources Locations: Salar, Atacama, Chile, Arkansas, Salt, Argentina, Bolivia, California , Utah, China, Australian
WASHINGTON, Feb 12 (Reuters) - The U.S. Air Force general overseeing North American airspace said on Sunday after a series of shoot-downs of unidentified objects that he would not rule out aliens or any other explanation yet, deferring to U.S. intelligence experts. It was the third unidentified flying object to be knocked out of the sky by U.S. warplanes since Friday, following the Feb. 4 downing of a suspected Chinese weather balloon that put North American air defenses on high alert. "We're calling them objects, not balloons, for a reason, said VanHerck, who is head of the joint U.S.-Canadian North American Aerospace Defense Command (NORAD) and the U.S. Air Force Northern Command. However, the government's effort to investigate anomalous, unidentified objects — whether they are in space, the skies or even underwater — has led to hundreds of reports that are being investigated, senior military leaders have said. But so far, the Pentagon has not found evidence to indicate Earthly visits from intelligent alien life, those officials have said.
The suspected Chinese spy balloon that flew over the United States earlier this month led politicians to criticize the .S. The Pentagon said there had been four previous Chinese spy balloon flights over the United States in recent years. On Friday, a U.S. F-22 fighter jet shot down an unidentified object about the size of a small car near Deadhorse, Alaska. VanHerck said the military considered shooting guns at the objects, but this was deemed too difficult given the small targets. Whether this is the start of regular shootdowns of unidentified objects over American skies is still unclear.
Here is what we know - and do not know - about the objects:WHAT ARE THE OBJECTS? It has been identified by U.S. officials as a balloon that China was using to spy on the United States. F-22s also shot down the objects over Alaska on Friday and Canada on Saturday. IS THE UNITED STATES SENDING BALLOONS OVER CHINA? Washington said another Chinese balloon had been spotted over Latin America.
WASHINGTON, Feb 6 (Reuters) - A senior U.S. general responsible for bringing down a Chinese spy balloon said on Monday the military had not detected previous spy balloons before the one that appeared on Jan. 28 over the United States and called it an "awareness gap." The Pentagon said over the weekend that Chinese spy balloons had briefly flown over the United States at least three times during President Donald Trump's administration and one previously under President Joe Biden. He did not provide details on previous balloons, including where over the United States they flew. Senior U.S. officials have offered to brief individuals from the previous administration on the details of previous balloons overflights when Trump was president. A U.S. Air Force fighter jet shot down the suspected Chinese spy balloon off the South Carolina coast on Saturday, a week after it first entered U.S. airspace and triggered a dramatic -- and public -- spying saga that worsened Sino-U.S. relations.
Beijing condemned the shooting down of the balloon as an "obvious overreaction" and urged Washington to show restraint. Some U.S. Republicans have questioned why the balloon was not shot down before it was allowed to travel across the United States. Senior U.S. officials have offered to brief former Trump administration officials on the details of what the White House said were three China balloon overflights when Donald Trump was president. Chinese foreign ministry spokesperson Mao Ning said China learned its balloon had drifted over the United States after being notified by Washington. On Sunday, Colombia's military said it sighted an airborne object similar to a balloon after the Pentagon said on Friday another Chinese balloon was flying over Latin America.
Susquehanna raises price target on Advanced Micro Devices (AMD) to $88 per share from $80; keeps positive rating on the Club stock. Baird increases price target on Starbucks (SBUX) to $110 per share from $94; keeps hold rating. Deutsche Bank cut price target by $3 per share to $84. HSBC raises price target on oilfield services company Halliburton (HAL) to $57 per share from nearly $44; keeps buy rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
The US and Canada are modernizing NORAD to watch for Russian, Chinese, and North Korean missiles. At the same time, some experts argue that the command should expand beyond North America to include Denmark and its North American territory, Greenland. North American Aerospace Defense Command, as it's now known, is also responsible for detecting and tracking North Korean missile launches. But the North Pole is still a dagger pointed at North America. The defense of North America is still on NORAD's radar.
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