DIRS.INFO The most relevant business & tech news

☆ With big new EV motor investment, GM aims to cut reliance on China
▼ + stars: | 2023-11-08 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

In electric vehicle motors, rapidly shifting magnetic fields spin a rotor made with magnets that contain “rare Earth minerals” such as terbium and dysprosium. China accounts for a large percentage of the world’s rare Earth minerals supply, according to the United States Geological Survey. And among those minerals used for EV motor magnets, China is responsible for about 90%, according to Niron. The technology could also make EV motors less expensive, he said, but declined to say by what percentage. Daniels would not say when GM expects to begin manufacturing EV motors using the new magnet technology.

Persons: Niron, Niron Magnetics, Jonathan Rowntree, GM EVs, ”, Kai Daniels, Stellantis, Rowntree, Daniels Organizations: New, New York CNN —, Motors, United States Geological Survey, GM, GM Ventures, Stellantis Ventures, Volvo Car Tech Fund, Chrysler, Dodge, Fiat, Sioux Community, University of Minnesota Locations: New York, Wisconsin, China, dysprosium, Minnesota, Sioux

☆ As the market enters correction territory, don't blame the American consumer
▼ + stars: | 2023-10-29 | by ( Tim Mullaney | ) www.cnbc.com time to read: +14 min

Amazon.com Inc | ReutersThe initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. How is this possible with interest rates on everything from credit cards to cars and homes soaring? But they were below expectations at electric-vehicle leader Tesla , which blamed high interest rates, and at Ford . "And as interest rates rise, the proportion of that monthly payment that is interest increases." At American Express , which saw U.S. consumer spending rise 9%, the mild surprise was the company's disclosure that young consumers are adding Amex cards faster than any other group.

Persons: Bill Ackman, CFRA, Sam Stovall, Ryan Marshall, Wells, Jackie Benson, Tesla, Elon Musk, GM, Mary Barra, Paul Jacobson, John Lawler, Musk, Brian Moynihan, Jeremy Barnum, Sachin Mehra, Zers, Guess they're, Stovall, chargeoffs, John Greene, Morgan Stanley, Ravi Shanker, Spirit, Sundaram, Ethan Allen, they've, Marc Bitzer, Arun Sundaram, Amanda Agati, there's Organizations: Amazon.com Inc, Delta Air Lines, United Airlines, Coldwell, Ford, General Motors, GM, United Auto Workers, UAW, Cox Automotive, Bank of America, JPMorgan Chase, MasterCard, American Express, Discover Financial Services, JetBlue, Whirlpool, Amazon, PNC, Federal, Asset Management Locations: Shakopee , Minnesota, U.S, Covid, PulteGroup, Vermont

It’s a case that highlights the vulnerability of prisoners who are dependent on authorities for medical care. Winborn's attorneys played a video showing his difficulties in adapting to life without hands, including feeding himself. “I don't sleep because every time I dream, I dream I have my hands, you know. Jail officials stated in their depositions that they couldn't remember what happened. "The County and MCIT are hopeful the resolution of this matter will help provide Mr. Winborn with the medical care and quality of life assistance he needs,” Hiveley said.

Persons: Terrance Dwayne Winborn, It’s, Winborn, Katie Bennett, Jason Hiveley, Scott County, Winborn’s, “, they're, ”, necrotizing fasciitis, ” Hiveley Organizations: Minnesota, Intergovernmental Trust Locations: MINNEAPOLIS, Minnesota, Scott County, Scott, Marshall, Minneapolis, Shakopee

The John D. and Catherine T. MacArthur Foundation announced the 2023 class of fellows, often known as recipients of the “genius grant,” on Wednesday. The foundation reviews nominations for fellows over a yearslong process that solicits input from their communities and peers. Fellows do not apply and are never officially informed that they've been nominated unless they are selected for the award. The 2023 fellows are:E. Tendayi Achiume, 41, Los Angeles, a legal scholar who examines the history of global migration to argue for a reimagining of the rules governing the movement of people. Lester Mackey, 38, Cambridge, Massachusetts, a computer scientist and statistician whose research has helped improve the efficiency and predictions of machine learning techniques.

Persons: John D, Catherine T, ”, Carruth, they've, Tendayi Achiume, Andrea Armstrong, Rina Foygel Barber, Ian Bassin, Courtney Bryan, Jason D, María Magdalena Campos, Pons, Raven Chacon, Red, Diana Greene Foster, Lucy Hutyra, Carolyn Lazard, Ada Limón, Lester Mackey, Patrick Makuakāne, Linsey Marr, Manuel Muñoz, Imani Perry, Dyani, Williams, Amber Wutich Organizations: MacArthur Foundation, MacArthur Fellows, Mexican American, Black, Associated, Lilly Endowment Inc, AP Locations: Los Angeles, New Orleans, Chicago, Washington, Cambridge , Massachusetts, Nashville , Tennessee, Cuba, Red Hook , New York, United States, San Francisco, Boston, Philadelphia, Lexington , Kentucky, Blacksburg , Virginia, Tucson , Arizona, Mexican, Central Valley, Shakopee, Minneapolis, Tempe , Arizona

☆ You don't need a college degree to work for this member of Congress
▼ + stars: | 2023-05-04 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

College degree requirements lock millions of Americans out of jobs. Persistent labor shortages have caused some states and companies to drop degree requirements. However, persistent labor shortages have helped call such degree requirements into question. Craig said she is the first member of Congress to officially drop degree requirements for congressional staff. "Every job description should consider: Does this job actually need a four-year degree," or is relevant experience sufficient, she said.

Search resuls for: "Shakopee"

5 mentions found