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☆ 3 urgent tasks awaiting Trump’s pick for Treasury secretary
▼ + stars: | 2024-11-20 | by ( Tami Luhby | Matt Egan | ) edition.cnn.com time to read: +7 min

His Cabinet picks, including the Treasury secretary, traditionally have to be confirmed by the Senate. “The Treasury secretary has historically played a significant role in advancing the administration’s tax policy priorities,” Akabas said. Next year, Trump’s Treasury secretary will act as the quarterback, executing his economic gameplan. It will also fall to Trump’s Treasury secretary to put out fires in financial markets or in the real economy like the regional bank failures that rocked Wall Street and Washington early last year. Trump’s Treasury pick will also help manage the complicated relationship between the president and Federal Reserve Chairman Jerome Powell.

Persons: Donald Trump’s, Trump, “, ”, Ed Mills, Raymond James, Janet Yellen, Shai Akabas, Steven Mnuchin, ” Akabas, Isaac Boltansky, Jerome Powell, Powell, Mills Organizations: CNN, Quarterbacking, Treasury Department, Department, Treasury, Trump, Senate, Republicans, Capitol, Wall, Washington, Committee, Federal, Fed, Trump White House Locations: Washington, filers

☆ 'The most expensive market of all time': Billionaire investor David Einhorn says it's probably not the best time to buy — but shares 2 stocks he's betting on
▼ + stars: | 2024-11-20 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Einhorn said he's not bearish, but there will likely be better entry points into the market. Add David Einhorn to the list of top Wall Streeters pointing out how expensive the stock market is. Advertisement"This is a really, really, really pricey environment, but it doesn't necessarily make me bearish. Einhorn called this "the most expensive market of all time, as far as I can see, at least since I've been managing." AdvertisementBank of AmericaEinhorn is one of many to highlight stock valuations as a factor likely to impact forward returns.

Persons: David Einhorn, Einhorn, he's, CNH Industrials, it's, I've, Bank of America Einhorn, Goldman Sachs, David Kostin, Rob Arnott, Nelson Peltz, CNH, that's, That's Organizations: Alpha, Delivering Alpha, Capital, Bank of America, Research, Trian Partners, AG

☆ These food stocks could benefit if RFK Jr. promotes healthier eating, removal of artificial ingredients
▼ + stars: | 2024-11-19 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Packaged food from companies including PepsiCo and Lamb Weston use artificial ingredients. KR ACI YTD mountain Bank of America lists both Kroger and Albertsons as potential beneficiaries under if RFK Jr. is confirmed to lead HHS. The analyst also pointed toward Sprouts Farmers Market as another potential beneficiary, but noted some skepticism over the stock's pricey valuation. Shares of Kroger have advanced more than 26% in 2024, while Albertsons stock has pulled back about 17%. Kroger agreed to purchase Albertsons in late 2022 for nearly $25 billion, but the combination has been heavily scrutinized by regulators .

Persons: Robert F, Kennedy Jr, Edward Kelly, Kennedy, Donald Trump's, Lamb Weston, Bryan Spillane, McCormick, Spillane, Wells, Kelly, Kroger Organizations: of Health, Human Services, RFK, HHS, Food and Drug Administration, PepsiCo, Bank of America, Kroger, Albertsons, KR ACI Locations: McCormick, Wells Fargo

☆ Jaguar is changing its iconic logo
▼ + stars: | 2024-11-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Jaguar has unveiled a new logo that emphasizes its posh British pronunciation as it transitions into a “new era” that emphasizes its upcoming all-electric vehicle lineup. JaguarThe redesigned "Leaper." JaguarOther changes to Jaguar’s branding include a redesigned pouncing cat logo, called the “Leaper,” and a new monogram that incorporates the “J” and “R” in the brand name. He even joked a press event that Jaguar has “not been sniffing the white stuff — this is real,” according to Car Dealer Magazine. What all the new branding will look like on the cars will be unveiled at a Miami Art Week event on December 2.

Persons: It’s, it’s, ”, Gerry McGovern Organizations: New, New York CNN, Dealer, Miami Art Locations: New York

☆ Procrastinating on open enrollment? How to get it done today, in 3 easy steps
▼ + stars: | 2024-11-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

If you've been putting off choosing your coverage for the upcoming year during this open enrollment season, no one would blame you. Workers often find themselves choosing an insurance plan from a menu of complicated and pricey options. If you've been procrastinating during open enrollment, here are three simple steps to just get it done. Know your acronymsYour workplace will likely present you with a list of insurance plans to choose from, which generally fall into one of two categories: high-deductible health plans and co-pay plans. Co-pay plans Unlike high-deductible plans, co-pay plans come with pre-determined costs that you'll pay for things like office visits, prescription drugs and medical procedures.

Persons: you've, Willis Towers Watson, Charlene Rhinehart, Here's, you'll, Carolyn McClanahan, you'd Organizations: Workers, Planning Partners

☆ 'This looks and feels like the year 2000 to me': Investing legend Rob Arnott says the stock market's record rally reminds him of the dot-com bubble peak
▼ + stars: | 2024-11-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said comparisons to the dot-com peak in 2000 are fair. Advertisement"This looks and feels like the year 2000 to me," Arnott told Business Insider on November 11. But Arnott believes AI optimism, which has driven the lion's share of the rally, is already fully priced in. At 37 times earnings, just below the late-2021 peak of 38, before the market fell by 25%, and the 2000 peak of 43, right in front of a 50% loss. "This is a really, really, really pricey environment, but it doesn't necessarily make me bearish.

Persons: Rob Arnott, he's, Arnott, —, Donald Trump, Trump, disruptors, There's, Goldman Sachs, David Kostin, Michael Hartnett, Hartnett, David Einhorn, Einhorn Organizations: Nvidia, Intel, Chief US, Business, Goldman Sachs Bank of America's Global, Equity, Bank of America, CNBC's, Alpha Locations: irrelevance

☆ As weddings become more expensive, guests are paying more in costs as well
▼ + stars: | 2024-11-16 | by ( Leah Asmelash | ) edition.cnn.com time to read: +12 min

As an unwed woman and frequent wedding guest in 2024, I am maybe too attuned to the ways weddings have become increasingly extravagant. On Reddit, one user noted that being a bridesmaid in her best friend’s wedding in a Scandinavian town, where the friend’s family is from, is going to run her $8,000. And some guests are being denied plus-ones, making attending the wedding less of a joy and more of a dutiful chore. Even in times of high inflation, like now, while some may try to cut back, expensive weddings prevail. Weddings are the rare time in life where everyone you care about will likely come together — friends, family and loved ones.

Persons: Rutherford B, Hayes, Lucy Webb, Webb, Katherine Jellison, ” Jellison, I’ll, I’ve, I’m, ”, weren’t, Jellison, “, you’re, there’s, We've, DP, Anni Jones, “ We’ve, Styles, Nova Styles, ” Nova, ” Reemo, –, influencers –, It’s, Taylor Alxndr, Aurie Singletary Taylor Alxndr, Alxndr Organizations: CNN, Ohio University Locations: Cincinnati, Greece, ”, Prague, y’know, Manhattan, New York, Atlanta

There's a vintage accent chair for over $950 off, and one of Jenni Kayne's coveted cardigans for over $100 off. View at Jenni KayneJenni Kayne Black Friday FAQsWhen does the sale start and end? Jenni Kayne's Black Friday sale starts on November 16, nearly two weeks ahead of the official start of Black Friday and Cyber Weekend. During Jenni Kayne's Black Friday sale event, members get 30% off sitewide, while non-members get 25% off sitewide. Check out our roundup of all of the best Black Friday deals.

Persons: Jenni Kayne, we're, Jenni Kayne's, you've, Jenni, Jenni Kayne Jenni Kayne, Jenni Kayne Jenni, French terry Organizations: Business Locations: California, West, Peru, French

☆ Why your next new car could very well cost more than $50,000
▼ + stars: | 2024-11-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That means new car prices have risen much faster than most goods and services. But much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October. And that would make every car built in America more expensive, because no vehicle is made with 100% American parts.

Persons: New York CNN — It’s, That’s, Buyers, ”, Ivan Drury, “, didn’t, Charlie Chesbrough, Drury, –, ” Drury, Donald Trump, Jeff Schuster, GlobalData, They’re Organizations: New, New York CNN, Cox Automotive, Nissan, Infiniti, General Motors, Ford, Jeep, Dodge, Chrysler, GM, Federal Reserve Locations: New York, Edmunds, American, United States, Stellantis, Mexico, America

☆ Trump made a lot of tax promises. Can he keep them?
▼ + stars: | 2024-11-16 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

Although Trump claims that his plan to raise tariffs will replace the revenue lost to these tax breaks, experts say that’s not possible. President-elect Donald Trump's tax proposals could cost trillions of dollars. In addition to eliminating taxes on certain income, Trump also floated making interest paid on car loans fully tax deductible; getting rid of the controversial cap on state and local tax deductions; ending the double taxation on Americans who live abroad; exempting police officers, firefighters, veterans and active-duty military from federal income tax; and even exploring jettisoning the federal income tax itself. Though his campaign didn’t release details on the proposal, Trump indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Virtually all tipped workers would get some tax relief if Trump also gets rid of payroll taxes on tips, the Tax Policy Center found.

Persons: Donald Trump, ” Karoline Leavitt, Trump, Marc Gerson, Miller, ”, Gerson, Donald Trump's, Jabin, Idaho Sen, Mike Crapo, Mandi Critchfield, Spokespeople, Jason Smith, Chris Campbell, ” Campbell, Republican Sen, Ted Cruz of, Byron Donalds, “ Sen, Brendan Duke Organizations: CNN, Social Security, Trump, GOP, “, Fox News, Capitol, Washington D.C, Republicans, Washington Post, Getty, Senate, Missouri Rep, Republican, Incamera Solutions, Yale University, Center, Rep, Center for American Progress Locations: Washington, Idaho, Nevada, Ted Cruz of Texas, Florida

Travis Kelce of the Kansas City Chiefs is especially popular for a handful of reasons, so I've gathered all of the best places where you can buy a Kelce jersey below. Swifties also might love a Kelce jersey for the collection, following the popularity of Taylor and Travis' relationship since it kicked off in 2023. Where to buy Travis Kelce jerseysOfficially licensed Travis Kelce jerseys for men, women, and kids are available for purchase from Dick's Sporting Goods and Fanatics. They're often pricey, but as Black Friday nears later this month, I expect we'll see plenty of Travis Kelce jersey deals cropping up from several retailers. We've got you covered for the best gifts for Taylor Swift fans, too.

Persons: we're, it's, Travis Kelce, Swifties, Taylor, Travis, Swift, Taylor Swift, We've Organizations: Business, Kansas City Chiefs, Chiefs, merch, Super Bowl, Dick's Sporting Goods, NFL Locations: merch . Kansas

☆ This city has the largest percentage of $1 million homes—it's not New York
▼ + stars: | 2024-11-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The number of million-dollar homes is increasing across the U.S., but they're highly concentrated in certain places, according to a November LendingTree analysis. San Jose, California, tops the list of U.S. metros with the highest share of million-dollar homes with 72% of owner-occupied homes worth over $1 million, according to LendingTree. San Jose isn't the only California metro area with a large share of million-dollar homes. However, it's worth pointing out while New York has a lower percentage of million-dollar homes, it has a higher total number of them than San Jose or San Francisco. Here are the 10 U.S. metro areas with the highest share of $1 million homes, according to LendingTree.

Persons: Jose isn't Organizations: Census, American, Survey, U.S, metros, Homes, San Diego Locations: U.S, San Jose , California, It's, San Jose, California, San Francisco , Los Angeles, New York, Jose, San Francisco

☆ I drove a $43,000 Toyota Camry and saw how the best-selling car in America is now even better
▼ + stars: | 2024-11-10 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Toyota Camry is a midsize sedan and the best-selling car in the US for the past 22 years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSince its launch in 1983, the Toyota Camry has become the gold standard for dependable, albeit a bit dull, family transportation among American car buyers. It marked the 22nd year the midsize sedan has been the country's best-selling passenger car. This year, Toyota went hybrid-only with the Camry, which features updated styling and tech, too.

Persons: — Organizations: Toyota, Service, Toyota Camry, Honda Accord, Hyundai, Kia, Camry

☆ Democrats wished the election was about jobs. Trump's win showed it was about prices.
▼ + stars: | 2024-11-08 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

While Democrats touted job growth under Biden, Trump won over voters facing high prices. "I am promising low taxes, low regulations, low energy costs, low interest rates, secure borders, low, low, low crime and surging incomes for citizens of every race, religion, color, and creed," Trump said during remarks in September. BI adjusted 2021 amounts using Census-division-level inflation to understand how much real wages have changed across the US. Rhode Island had the highest real wage growth, just one of around a dozen states that saw an increase. Real wages massively fell in costly Washington, DC; even before adjusting for inflation wages were roughly flat.

Persons: Trump, —, Donald Trump, Joe Biden, Kamala Harris, Biden, Biden's, Jed Kolko, Matthew Yglesias, Harris, Kolko, they'll Organizations: Biden, Counties, Trump, Service, Federal, The New York Times, BI, stoke Locations: Trump, Rhode, New York, Maryland, Washington

☆ A travel expert who has been to 55 countries says these pricey destinations are better during the fall shoulder season
▼ + stars: | 2024-11-08 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

Travel experts recommend visiting popular destinations during shoulder season for fewer crowds. Shoulder season, between the peak and offseason, offers less congestion and lower travel costs. Fall can be ideal for visiting US and European destinations with better weather and fewer tourists. Brandon Shaw, the cofounder and COO of The Tour Guy, recommends traveling during the shoulder season, or the time between a destination's peak season and the offseason, when travel is less popular and typically less expensive. AdvertisementTourism seasons vary depending on the location, but in many US and European destinations, shoulder season tends to land in the fall.

Persons: —, Brandon Shaw, Guy, Shaw Organizations: Service, Business, BI Locations: Rome, Europe

☆ My family spent $5,000 on a 5-night vacation in Hawaii — and that's after we were able to save $7,600 on accommodations
▼ + stars: | 2024-11-07 | by ( Jill Robbins | ) www.businessinsider.com time to read: +1 min

My family went to Hawaii and spent about $5,000 on airfare, a rental car, food, and activities. We used Disney Vacation Club points to get a villa for five nights that was valued at $7,630. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAulani, Disney's resort in Oahu's quiet Ko Olina area, has been on my family's bucket list for quite some time.

Persons: — Organizations: Disney, Service Locations: Hawaii, San Antonio, Honolulu

☆ History says US stocks have a 95% chance of finishing the year strong — no matter who gets elected
▼ + stars: | 2024-11-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The S&P 500 has an outstanding track record after major rallies in the first 10 months. Here's why history and other key catalysts are on the market's side, according to Truist. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than seven decades' worth of data suggest that US stocks will end 2024 on a high note. Drawdowns are inevitable, as Lerner noted that the S&P 500 typically pulls back by 5% or more three times per year.

Persons: Stocks, —, that's, Keith Lerner, Truist, Lerner Organizations: Service, Bank of America, Federal, Fed

Learn moreWhen I lived in New England, Christmas tree farms were a dime a dozen. That is why I was shocked when I moved to Kansas and found the options for buying real Christmas trees few and far between. If you too live in an area where real Christmas trees are pricey and hard to come by, or if going to pick out a Christmas tree just sounds stressful to-do list item, many stores are selling real Christmas trees that you buy inexpensively online and have delivered to your home. Check out our guide to the best artificial Christmas trees for various options at different price points. We've also curated guides to the best Christmas decorations, best ornaments, and best Christmas lights.

Persons: We've Organizations: Business Locations: New England, Kansas, Massachusetts

☆ I've been on 4 ultra-luxury cruises — here's how they compare and how to pick the best ship for you
▼ + stars: | 2024-11-05 | by ( Brittany Chang | ) www.businessinsider.com time to read: +9 min

I've been on the ships of their four high-end counterparts: Silversea, Regent Seven Seas, Seabourn, and Explora. AdvertisementSilversea's Silver Ray: A modern resort with local cuisinesIn June, Silversea invited me to spend five complimentary nights on its newest 54,700-ton ship, Silver Ray. It launched its newest ship, Silver Ray, in June. Brittany Chang/Business InsiderSilversea's SALT — "sea land and taste" — program brings the itinerary's regional cuisines into the cruising experience. Related storiesRegent Seven Seas' Seven Seas Grandeur: Classic luxuryRegent Seven Seas invited me on a three-night "christening sailing" for its one-year-old Seven Seas Grandeur.

Persons: I've, —, Ray, Silversea, Silver Ray, Brittany Chang, It's, toiletries, Explora, it's, Dyson, Seabourn Organizations: Royal, MSC, Regent Seven, Service, Industry, Business, butlers, Seven Seas, Regent Seven Seas, Cruise Line Holdings, Rim, Central America, MSC Group, Rolex Locations: Seabourn, Royal Caribbean, South America, Caribbean, Callao, Peru, Valparaiso, Chile, Brittany, Europe, Miami, Mexico, Central, Alaska, Asia, Australia, New Zealand, Canadian

☆ I quit my 6-figure job to be a stay-at-home dad. After leaving California, we could afford to be a single-income family.
▼ + stars: | 2024-11-05 | by ( Alexandra Frost | ) www.businessinsider.com time to read: +7 min

The couple's move from California to Maine meant they could afford living off one income. AdvertisementThis as-told-to essay is based on a conversation with Michael Johnston, 41, a stay-at-home dad who lives in Old Orchard Beach, Maine. After maternity leave, my wife was excited to see her coworkers and jump back into her job. When others find out I'm a stay-at-home dad, they always ask: "When are you going back to work?" We are trained to graduate, get a good job, work that job forever, then retire at 65.

Persons: Michael Johnston, —, Maddie, Lincoln, Johnston, Michael Johnston Crunching, we'd, We'd, I'd Organizations: Service, Boston University, KLA Corporation Locations: California, Maine, Old Orchard Beach , Maine, China, Taiwan, South Korea

☆ I loved my 10-day trip to Croatia, but knowing these 6 things could have made it better
▼ + stars: | 2024-11-05 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

Erin LiamI booked my trip to Croatia assuming that daily expenses would be similar to countries like Italy or Hungary. Visiting in off-peak season has its pros and consThe Old Town of Stari Grad was quiet and empty when the author visited in October. On a day trip to the UNESCO Old Town Stari Grad, we were surprised to see most shops closed, with the sign "See you in June 2025!" Watch "Game of Thrones"The author visited Dubrovnik's Old Town, a popular filming location for "Game of Thrones." For example, Cersei's walk of shame scene was filmed at the Jesuit Staircase in Dubrovnik's Old Town.

Persons: —, Erin Liam Coastal, Erin Liam, Erin Liam Croatia Organizations: Service, Croatian Bureau, Statistics, Krka, UNESCO Old, Stari Locations: Croatia, —, Europe, Dubrovnik, Hvar, Adriatic, Erin, Trogir, Italy, Hungary, Kuna, Denmark, Sweden, Stari Grad, Split, Dubrovnik Krka, Skradin, Krka, Dubrovnik's

☆ More wealthy travelers are going on luxury safaris — some for more than $2,500 a day
▼ + stars: | 2024-11-04 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Some luxury travel agencies and tour operators say they've seen an uptick in travelers booking luxury safaris. She's not alone — as of late, a growing number of travelers have been itching to go on a luxurious African safari, too. Micato SafarisLuxury tour operator Abercrombie and Kent's African safaris have always been among its best-selling vacations, the company told BI in an email. AdvertisementSome luxury travel agencies are noticing it, tooLuxury travel agency Indagare told BI in an email that safari bookings are "trending upward. AdvertisementWith such prices, some travelers might consider luxury safaris a once-in-a-lifetime experience.

Persons: —, Sophie Serrano, Serrano, " Serrano, She's, Abercrombie, buffalos —, Dennis Pinto, Safaris, Micato, Pinto, Richard Waite, Oprah, Ellen DeGeneres, — Singita, Singita, Melissa Krueger, Indagare, Scott Dunn, Julie Durso, Jackie Roth, Sophie Serrano Misty Belles, Take Serrano, Isabella John Organizations: Service, Micato's, Scott Dunn Private, Nomad, Kruger Locations: Zanzibar, Africa, Kenya, Tanzania, Rwanda, Tanzania's, Botswana, South, Umlani's

☆ How Missile Defense Works (and Why It Fails)
▼ + stars: | 2024-11-02 | by ( Agnes Chang | Samuel Granados | ) www.nytimes.com time to read: +8 min

How Missile Defense Works (and Why It Fails) Iran fired two of the largest barrages of ballistic missiles ever at Israel this year. Neither attack caused major damage, but some Israeli and American officials said it may have been a Here’s why stopping a ballistic missile attack is hard. A defensive missile called an interceptor must be fired soon after that to reach the incoming missile in time. Israel’s best-known defense system, the Iron Dome, was built to stop short-range rockets, and is too slow and limited when it comes to ballistic missiles. Interceptor Enemy missile Kill vehicle Re-entry vehicle SPACE ATMOSPHERE Enemy missile Re-entry vehicle Interceptor Kill vehicle SPACE ATMOSPHERE Enemy missile Re-entry vehicle Kill vehicle Gimbaled sensor Rear thruster Enemy missile Re-entry vehicle Kill vehicle Gimbaled sensor Rear thruster Enemy missile Re-entry vehicle Warhead Enemy missile Re-entry vehicle Warhead Layers of defense Layers of defense Both an interceptor and an enemy missile shed the boosters that power them into space.

Persons: don’t, Israel, Israel — Organizations: Missile Defense, Israel, U.S, Drones, Ballistic, Iran’s Locations: Iran, Israel, United States, U.S

☆ I've taken the Amtrak Auto Train, where you take your car with you, over a dozen times. It's great for overpackers who want to reduce driving time.
▼ + stars: | 2024-10-30 | by ( Bobbi Dempsey | ) www.businessinsider.com time to read: +4 min

I enjoy the Auto Train — it's a great way to save about 900 miles of driving on busy highways. So it's not surprising that I'm a big fan of the Auto Train, an Amtrak route unlike any other. Related VideoI've taken the Auto Train many times over the years — often accompanied by several children — and I've really enjoyed it. The Auto Train is great for families and heavy packers who want to avoid driving too much on their tripThe Amtrak Auto Train is quite comfortable. By contrast, when you travel by Auto Train, you can bring as much stuff as you can squeeze into your vehicle.

Persons: —, it's, I've, Bobbi Dempsey, you've Organizations: Amtrak, Service, Passengers, packers, Auto Train Locations: Virginia, Florida, Lorton, Washington, Sanford , Florida, Orlando, Canada

☆ The Chinese EV loved by Ford's CEO just got a lot faster
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley is a big fan of Xiaomi's SU7 EV — and it just got a major upgrade. The Chinese tech giant unveiled the SU7 Ultra, a high-performance electric car with a max speed of 350km per hour. AdvertisementFord CEO Jim Farley's favorite Chinese EV just got a major upgrade. Speaking on a podcast last week, Ford CEO Farley praised Xiaomi as an "industry juggernaut" and said he was a big fan of the SU7. AdvertisementWestern automakers like Ford are under pressure from Chinese electric car makers, which are expanding rapidly worldwide.

Persons: Jim Farley, —, Jim Farley's, Xiaomi, Farley, Lei Jun, it's, I've, Tesla, Elon Musk Organizations: —, Service, Ford, Citibank Locations: China, presale, Shanghai, Chicago

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