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☆ South Korean lawmakers call to impeach President Yoon after back-track on martial law
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: +2 min

People take part in a rally to demand South Korean President Yoon Suk Yeol's removal from power, in Seoul, South Korea, December 4, 2024. South Korean lawmakers on Wednesday called for the impeachment of President Yoon Suk Yeol after he declared martial law only to reverse the move hours later, triggering the biggest political crisis in decades in Asia's fourth-largest economy. Yoon told the nation in a TV address that martial law was needed to defend the country from nuclear-armed North Korea and pro-North anti-state forces, and protect its free constitutional order, although he cited no specific threats. The military said activities by parliament and political parties would be banned, and that media and publishers would be under the control of the martial law command. But within hours of the declaration, South Korea's parliament, with 190 of its 300 members present, unanimously passed a motion requiring martial law be lifted, including all 18 members present from Yoon's party.

Persons: Yoon Suk, Yoon, soonest, Hwang Organizations: South, National Assembly Locations: Seoul, South Korea, Asia's, North Korea, Korea's

☆ Chinese stocks could rally 15% as more stimulus spurs a GDP growth spurt next year, SocGen says
▼ + stars: | 2024-10-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Chinese stocks could climb as much as 15% on the nation's expected fiscal stimulus package, SocGen said. The stimulus measures could push China's GDP to grow as much as 5% next year, strategist said. The package could amount to as much as 3 trillion yuan, or $427 billion, and include an "open-ended commitment" for a bigger stimulus package the following year. "The exact magnitude of the boost will be subject to the size and details of the fiscal package … the sustainability of housing stabilization and household wealth recovery." AdvertisementOther experts have noted that China's monetary stimulus measures are unlikely to be effective without fiscal stimulus to go along with it.

Persons: SocGen, —, Société Générale Organizations: Service, National People's Conference Locations: Beijing, China

Fortunately, most credit card issuers have also increased the credit amount for Global Entry applications. Learn more about the card Business Insider rated "best affordable premium credit card" in our Capital One Venture X Rewards credit card review. The Global Entry or TSA PreCheck® application fee credit of up to $120 is available once every five years. Global Entry and TSA PreCheck Credit Card Frequently Asked QuestionsWhat are the main benefits of credit cards offering Global Entry and TSA PreCheck credits? How can I maximize the benefits of a Global Entry and TSA PreCheck credit card?

Persons: You'll, Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Miles, Marriott, Regis, Cash, stow, HBO Max, Insider’s, Read, Cardholders, it's, IHG, you'll, cardholders, It's, General Delta, they're, there's, Jasmin Baron, Angela Fung Organizations: Business Insider, Citi, Mastercard, American, TSA, Trusted, U.S . Customs, Border Protection, Business, Chase, American Express, CBP, Chase Sapphire, Chase Travel, Sapphire, FDIC, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Saks Fifth, Capital, One, Elite, Marriott Bonvoy, Ritz, Carlton, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, Hotels, Resorts, United, InterContinental ®, Crowne Plaza, United ®, United Club, ℠, Delta, Delta SkyMiles, U.S, Card, Delta SkyMiles ®, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, EV, Netflix, Hulu, Spotify, Apple Music, HBO, Bank, US Bank, cardholder, Samsung, Delta Airlines, Air Canada Aeroplan, British Airways, Wyndham, One Venture, NEXUS, Chase Sapphire Reserve, Citi ®, American Airlines, Admirals Club, AA itineraries, Citi AAdvantage, Express Card, American Express Card, Delta SkyClub, Apple, Free, Credit, Delta Diamond Medallion, Finance Locations: U.S, Hulu, Caribbean, delta.com, Canadian, Delta, AmexTravel.com, Chevron, Canada

☆ Space station startup Gravitics lands $125 million order from Axiom
▼ + stars: | 2024-07-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Washington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in the burgeoning private market for orbiting habitats. Axiom is one of several companies building private space stations as NASA plans for the International Space Station to end its time in orbit. Already, Axiom has modules of its space station being built by Italian aerospace contractor Thales Alenia. The space station modules Gravitics is designing range from 3 meters (9 feet) to 8 meters (26 feet) in diameter. Axiom was the first to win a NASA contract for building space station modules, and Gravitics would connect its spacecraft later this decade.

Persons: Colin Doughan, Gravitics, Glenn, Doughan Organizations: CNBC, NASA, International, Thales Alenia Locations: Washington, Seattle

☆ Amazon, Best Buy, Google may soon sell home smart devices with 'hacker-safe' label
▼ + stars: | 2024-06-07 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

"Once a manufacturer receives certification for the Trust Mark, they will need additional time to retool their packaging, as well as shipping updated products from the manufacturer to retailers," he said. In 2024, according to research firm Statista, nearly 70 million homes in the U.S. are actively using smart devices, up more than 10% from last year. Staffers from Consumer Reports attended a White House meeting during which the Cyber Trust Mark program was announced. Barry Mainz, CEO of Forescout Technologies, a cybersecurity provider, says he is a big fan of the Cyber Trust Mark. Steps to take now to protect your home internetThere are actions consumers can take right now, before the Cyber Trust Mark program kicks in, to harden their cybersecurity.

Persons: Biden, Jessica Rosenworcel, Nicholas Leiserson, David Grossman, What's, Stacey Higginbotham, Higginbotham, Grossman, Barry Mainz, Mark — Organizations: Federal Drug Administration, National, Traffic Safety Administration, National Institute of Standards, Technology, NIST, Federal Communications Commission, U.S . Cyber, Energy Star, Cyber, Energy, Google, LG Electronics, Logitech, Samsung Electronics, FCC, Auburn University's, Institute, Consumer Technology Association, Park Associates, Consumer Reports, White, Survey, Consumer, Forescout Technologies Locations: U.S, Washington, Mainz

☆ Live updates: Boeing and NASA scrub launch of Starliner spacecraft
▼ + stars: | 2024-06-01 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +1 min

Mission teams are working to understand what caused an automatic hold of Starliner's launch minutes before liftoff and focusing on safely extracting the crew. Currently, the rocket and spacecraft are in a safe configuration, according to the NASA broadcast. Later today, the rocket tanks will be drained of propellant, which is called detanking. Meanwhile, mission teams will analyze the countdown sequence to find out what caused the hold, which remains unknown at this time. The Ground Launch Sequencer, or computer that essentially launches the rocket, performs key actions during the final 10 minutes before launch, like pressurizing the fuel tanks for launch, transitioning the vehicle to its onboard batteries from ground electrical systems and configuring other systems for launch.

Persons: Starliner's Organizations: NASA

☆ Buy these 8 underrated stocks that are about to report surprisingly strong Q1 earnings, according to Bank of America
▼ + stars: | 2024-05-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Small- and mid-cap companies have long lagged the broader market due to a slew of challenges, including higher interest rate expectations. However, the strategy head acknowledged that not all small- and mid-cap stocks are the same. The former has been the most consistent small-cap group in economic regimes like this one, though quality stocks can also be a strong choice. Below are the other eight SMID-cap stocks with earnings prospects that Bank of America is bullish about now. Along with each is its ticker, market capitalization, sector, Z-scores for earnings and revenue (higher is better), and Q1 earnings report date (soonest are listed first).

Persons: BofA, Russell, Jill Carey Hall, Hall Organizations: Bank of America's, Business, Bank of America

☆ Wall Street is confused and divided over how many times the Fed will cut rates this year
▼ + stars: | 2024-05-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Wall Street reacted Thursday to this week's Fed meeting, with forecasts scattered across a range of outcomes for where monetary policy heads next. Most economists for the biggest forecasting firms expect the central bank to lower benchmark interest rates sometime later this year. Goldman left in place its call for two rate cuts this year of a quarter percentage point each, with one in July and the other in November. "If inflation comes in stronger than in our baseline, we would expect the first rate cut to be postponed to December," he wrote. For 2025, we continue to expect four rate cuts."

Persons: Goldman Sachs, David Mericle, Powell, Goldman, Andrew Hollenhorst, Morgan Stanley, Ellen Zentner, Marc Giannoni, Michael Gapen, Michael Bloom Organizations: Fed, Futures, Group, Citigroup, Barclays, Bank of America

☆ Solar manufacturers petition U.S. to impose tariffs on imports from four Southeast Asian nations
▼ + stars: | 2024-04-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

A coalition of U.S. solar manufacturers petitioned the federal government on Wednesday to impose tariffs on imports from four Southeast Asian nations, alleging that the countries are flooding the U.S. market with cheap products that threaten the domestic industry. The other six parties to the petition are Convalt Energy, Meyer Burger, Mission Solar, Qcells, REC Silicon and Swift Solar. They are requesting that the Commerce Department impose tariffs on solar cell imports from the four countries as a remedy. "This case is bad news for clean energy jobs and American solar manufacturing," Array CEO Kevin Hostetler said in a statement Wednesday. The ITC and Commerce Department investigations will take about 12 months to conclude, Brightbill said.

Persons: Meyer Burger, Tim Brightbill, Joe Biden, Brightbill, Kevin Hostetler, Janet Yellen, Biden Organizations: U.S, Convalt Energy, International Trade Commission, Commerce, ITC, Initiative, Commerce Department, Solar Energy Industries Association, American Clean Power Association, Advanced Energy, American Council, Renewable Energy, Technologies, International Energy Agency, IEA, CNBC Locations: Zhangye city, Gansu province, China, Cambodia, Malaysia, Thailand, Vietnam, U.S, The U.S, Beijing's

The primary season is about to shift into overdrive with Super Tuesday, when Republican voters in 15 states will cast their votes. Polls suggest that former President Donald Trump is very likely to win most, if not all, of these contests. I spoke with Nate Cohn, The New York Times’s chief political analyst, about when Trump’s nomination could become a lock. If the polls are right, there’s really only one scenario: Trump finding himself within easy striking distance of the nomination. Put it together, and Trump could easily win more than 90 percent of the delegates available on Super Tuesday.

Persons: Donald Trump, Nate Cohn, — Dean Phillips, Marianne Williamson —, Nate, It’s, Nikki Haley, Ron DeSantis, there’s, Trump, Haley, Israel’s, Haiyun Jiang, The New York Times Trump, Benjamin Netanyahu, Israel, you’re, You’re, ” Trump, Netanyahu, Biden, Israel —, America’s, ”, John Bolton, — Jonathan Swan, Maggie Haberman, Michael Gold Read Organizations: Republican, Trump, The, Democratic, Republican National Convention, California —, The New York Times, Univision, Republican Party, Hezbollah, Trump Republican Party, Biden, Democratic Party, “ Locations: Iowa , New Hampshire, California, Georgia, Hawaii , Mississippi, Washington, Arizona, Florida , Illinois , Kansas, Ohio, Gaza . Credit, Gaza, Israel, Lebanese, Rock Hill, S.C, Trump, Michigan

☆ Tyson Fury postpones undisputed heavyweight title clash against Oleksandr Usyk after ‘freak cut’ above eye
▼ + stars: | 2024-02-03 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Britain’s Tyson Fury has postponed his undisputed heavyweight title fight against Ukraine’s Oleksandr Usyk after sustaining “a freak cut” above his eye during a sparring session, the fight promoters said in a statement. The clash between WBC champion Fury and WBO, WBA and IBF champion Usyk has long been anticipated in the boxing world since the winner would become the first undisputed heavyweight champion since Lennox Lewis in 1999. “I feel bad for everyone involved in this huge event and I will work diligently towards the rescheduled date once the eye has healed.”Fury suffered a cut above his eye in a sparring session. Zac Goodwin/PA/APThe bout had already been rescheduled once from its original December 23 date after Fury required more time to recover from a controversial, tougher than expected fight against former UFC heavyweight champion Francis Ngannou. Both fighters boast undefeated records with Fury winning 34 bouts and one draw since turning professional, and Usyk winning all 21 of his fights.

Persons: CNN — Britain’s Tyson Fury, Ukraine’s Oleksandr Usyk, Queensberry, Usyk, Lennox Lewis, “, ” Fury, Zac Goodwin, Fury, Francis Ngannou, ”, Alex Krassyuk Organizations: CNN, WBC, Fury, WBO, WBA, IBF, UFC Locations: Saudi Arabia

But barring any surprises in the latest economic data, mortgage rates shouldn't spike back up too high. This would remove a lot of upward pressure off of mortgage rates and finally allow them to fall. If the Fed suggests a cut is coming sooner rather than later, mortgage rates could trend back down a bit. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. This is good news for mortgage rates — as inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.

Persons: We'll, we'll, Fannie Mae Organizations: Federal Reserve, Fed, Zillow, Mortgage, Association, ARM Locations: Chevron

☆ Belarus President Lukashenko heading to China second time this year
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

Belarusian President Alexander Lukashenko delivers a national statement at the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsDec 3 (Reuters) - Belarusian President Alexander Lukashenko was heading to Beijing on Sunday for talks with Chinese leader Xi Jinping, Belarusian state media reported, the second trip of the close ally of Russian President Vladimir Putin to China this year. "Negotiations between the head of the Belarusian state and president of the People's Republic of China Xi Jinping will take place in Beijing," BelTA said, citing Lukashenko's press service. Lukashenko, the president of Belarus since 1994 who has been shunned by the West, backed Russia's invasion in Ukraine in February 2022 by allowing Moscow to use its territory to launch the war. After their March 1 meeting, both Lukashenko and Xi called for the "soonest possible" peace deal for Ukraine.

Persons: Alexander Lukashenko, Amr Alfiky, Xi Jinping, Vladimir Putin, Lukashenko, People's Republic of China Xi, BelTA, Xi, Lidia Kelly, William Mallard, Guy Faulconbridge Organizations: United Nations, Change, United Arab Emirates, REUTERS, Sunday, Thomson Locations: Dubai, United Arab, Beijing, Belarusian, China, People's Republic of China, Belarus, Ukraine, Moscow, Russia, Melbourne

☆ Belarus President Lukashenko Heading to China Second Time This Year
▼ + stars: | 2023-12-03 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Belarusian President Alexander Lukashenko was heading to Beijing on Sunday for talks with Chinese leader Xi Jinping, Belarusian state media reported, the second trip of the close ally of Russian President Vladimir Putin to China this year. Lukashenko, who according to Chinese state media was welcomed with a gun salute and military honours during his official Feb. 28 - March 2 visit, was this time heading for "a working visit," BelTA state news agency reported. "Negotiations between the head of the Belarusian state and president of the People's Republic of China Xi Jinping will take place in Beijing," BelTA said, citing Lukashenko's press service. Lukashenko, the president of Belarus since 1994 who has been shunned by the West, backed Russia's invasion in Ukraine in February 2022 by allowing Moscow to use its territory to launch the war. After their March 1 meeting, both Lukashenko and Xi called for the "soonest possible" peace deal for Ukraine.

Persons: Alexander Lukashenko, Xi Jinping, Vladimir Putin, Lukashenko, People's Republic of China Xi, BelTA, Xi, Lidia Kelly, William Mallard, Guy Faulconbridge Organizations: Reuters, Sunday Locations: Beijing, Belarusian, China, People's Republic of China, Belarus, Ukraine, Moscow, Russia, Melbourne

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 10 experts say it's going to happen.
▼ + stars: | 2023-11-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are 10 projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. FebruaryIn August, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: —, Preston Caldwell, Arend Kapteyn, Bhanu Baweja, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, we'll, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Morningstar, UBS, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: North America's

☆ Beware these companies due to report earnings that have negative profit momentum
▼ + stars: | 2023-11-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

CNBC Pro screened for the S & P 500 companies still reporting next week that analysts have expressed the most caution on — by cutting their earnings estimates ahead of the reports. Analyst consensus earnings estimates are down at least 5% over the past three months. Analyst consensus earnings estimates are down at least 5% over the past six months. CTLT YTD mountain Catalent YTD chart "Catalent (CTLT) became a very noticeable laggard in the life science space about fifteen months ago. Meat producer Tyson Foods , which is due to report earnings premarket on November 13, was also among the stocks with negative earnings momentum.

Persons: Gordon Haskett, Don Bilson, Bilson, Catalent, Michael Lasser, Lasser, Morgan Stanley, BBWI, Alex Straton, Tyson Foods, — CNBC's Michael Bloom Organizations: CNBC Pro, Biotechnology, Sarepta Therapeutics, Dystrophy, UBS, 3Q, Body Locations: Columbus , Ohio, Bath

☆ Lukoil chairman dies suddenly, second in just over a year
▼ + stars: | 2023-10-24 | by ( Mark Thompson | ) edition.cnn.com time to read: +1 min

London CNN —Lukoil, Russia’s second-largest oil company, said Tuesday its chairman had died suddenly, at the age of 66. “It is with deep regret that we announce the sudden passing of Vladimir Ivanovich Nekrasov,” the company said in a statement posted to its website. He had also held positions as Lukoil’s first vice president and an adviser to the company’s president, Lukoil said. Maganov’s death was confirmed by Lukoil in September 2022 in a statement that said he “passed away following a severe illness” but made no mention of a fall. “We strongly support a lasting ceasefire and a settlement of problems through serious negotiations and diplomacy.”At least eight prominent Russian businessmen died suddenly in the months following the invasion.

Persons: London CNN —, Russia’s, Vladimir Ivanovich Nekrasov, ” Nekrasov, Lukoil’s, Lukoil, Ravil Maganov, “ Organizations: London CNN, Reuters Locations: Moscow, Ukraine

☆ China will do utmost to contribute to Palestinian-Israeli reconciliation - state media
▼ + stars: | 2023-10-24 | by ( Liz Lee | ) www.reuters.com time to read: +3 min

Chinese Foreign Minister Wang Yi attends a press conference on the white paper on "A Global Community of Shared Future: China's Proposals and Actions", in Beijing, China September 26, 2023. REUTERS/Shubing Wang/File Photo Acquire Licensing RightsBEIJING, Oct 24 (Reuters) - China will do its utmost when it comes to contributing to Palestinian-Israeli reconciliation, its foreign minister told his Israeli counterpart in a phone call on Monday, according to Chinese state media. China will firmly support any resolution as long as it is conducive to peace, Foreign Minister Wang Yi told Israel's Eli Cohen, calling the conflict a "major choice between war and peace", state media said on Tuesday. China calls for the convening of a "more authoritative, wide-ranging and effective international peace conference" soonest to promote the resumption of peace talks between Israel and the Palestinians, Wang said. China and Russia share the same position that the legitimate national rights of the Palestinian people have not been met.

Persons: Wang Yi, Shubing Wang, Israel's Eli Cohen, Wang, Riyad al, Liz Lee, Jacqueline Wong, Michael Perry Organizations: REUTERS, Rights, Palestinian Foreign, Maliki, UN Security Council, Global Times, Thomson Locations: Beijing, China, Rights BEIJING, Palestinian, Israel, Gaza, Russia, United States, Shanghai

In a report published Monday, the London-based Environmental Investigation Agency urged global investors in the three firms - Beijing Tong Ren Tang group (600085.SS), Tianjin Pharmaceutical group (600329.SS) and Jilin Aodong Pharmaceutical Group (000623.SZ) - to divest their stakes. The group said it focused on the pharmaceutical companies because they are publicly listed, and display products that include leopard or pangolin parts on their websites. Beijing Tong Ren Tang and Tianjin Pharmaceutical group did not respond to several emails and calls from Reuters asking for comment. Jilin Aodong Pharmaceutical Group could not be reached for comment. The environmental group said Deutsche Bank, HSBC Holdings, Citigroup and BlackRock did not respond to its queries.

Persons: pangolin, Seun, Beijing Tong Ren Tang, Avinash Basker, Wells, China's, Andrew Silver, Selena Li, Miyoung Kim Organizations: REUTERS, Rights, UBS, HSBC, Environmental Investigation Agency, Tianjin Pharmaceutical, Jilin Aodong Pharmaceutical, TCM, Deutsche Bank, HSBC Holdings, Citigroup, BlackRock, & Co, HSBC Global Asset Management Canada, Royal Bank of Canada, Citigroup ， Deutsche Bank, Reuters, Medical Products Administration, Protection, Thomson Locations: Lagos, Nigeria, Rights SHANGHAI, HONG KONG, London, Beijing, Tianjin, Jilin, Shanghai, Hong Kong

☆ Three Listed Chinese Firms Used Endangered Animal Parts as Ingredients Report
▼ + stars: | 2023-10-22 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

In a report published Monday, the London-based Environmental Investigation Agency urged global investors in the three firms - Beijing Tong Ren Tang group, Tianjin Pharmaceutical group and Jilin Aodong Pharmaceutical Group - to divest their stakes. The group said it focused on the pharmaceutical companies because they are publicly listed, and display products that include leopard or pangolin parts on their websites. Beijing Tong Ren Tang and Tianjin Pharmaceutical group did not respond to several emails and calls from Reuters asking for comment. Jilin Aodong Pharmaceutical Group could not be reached for comment. The environmental group said Deutsche Bank, HSBC Holdings, Citigroup and BlackRock did not respond to its queries.

Persons: Andrew Silver, Selena Li SHANGHAI, Beijing Tong Ren Tang, Avinash Basker, Wells, China's, Selena Li, Miyoung Kim, Miral Organizations: Reuters, UBS, HSBC, Environmental Investigation Agency, Tianjin Pharmaceutical, Jilin Aodong Pharmaceutical, TCM, Deutsche Bank, HSBC Holdings, Citigroup, Co, HSBC Global Asset Management Canada, Royal Bank of Canada, BlackRock, Citigroup ， Deutsche Bank, Medical Products Administration, Protection Locations: HONG KONG, London, Beijing, Tianjin, Jilin, BlackRock, Shanghai, Hong Kong

☆ Mercedes-Benz local boss urges South Africa to speed up EV shift
▼ + stars: | 2023-10-18 | by ( Promit Mukherjee | ) www.reuters.com time to read: +1 min

For South Africa as a whole, three quarters of its vehicle production is exported. At the same time, South Africa's policy paper on EVs is two years behind schedule. "The train (EV shift) is a global one, and it's leaving the station. If South Africa doesn't jump onto the train, it runs the risk of being left behind," Mark Raine, co-CEO Mercedes-Benz Cars South Africa, told Reuters in an interview. Specifically, South Africa will need to boost local demand by cutting the import tax for EVs, setting up large-scale EV charging stations and investing in skills needed for the new ecosystem that EVs bring, he said.

Persons: it's, Mark Raine, Mercedes, Raine, Promit Mukherjee, Barbara Lewis Organizations: Mercedes Benz Group AG, Mercedes, Benz, Reuters, Thomson Locations: JOHANNESBURG, South Africa, Africa, Europe

CHARLOTTE, N.C. (AP) — Andy Dalton will start for the Carolina Panthers at quarterback on Sunday against the Seattle Seahawks after rookie Bryce Young was ruled out with a sprained ankle. Panthers head coach Frank Reich said Young is expected to miss 1-2 weeks, meaning his status for the team’s Week 4 game against the Minnesota Vikings is uncertain. Reich said he's still “optimistic” Young might play against the Vikings after the progress he has made with his rehabilitation. “Bryce has done well this week,’’ Reich said. “The way he’s throwing the football, the way he works through progressions, the way he’s playing the game since day one when he’s walked through the door I said he’s starter worthy.’’Dalton is 3-1 during his career against the Seahawks, including 1-1 on the road.

Persons: CHARLOTTE, — Andy Dalton, Bryce Young, Jake Luton, Frank Reich, Young, Reich, he's, “ Bryce, ’ ’ Reich, “, ’ ’ Young, He’s, Dalton, he’s, ’ ’ Dalton, He's, Justin Houston, Houston, ___ Organizations: Carolina Panthers, Seattle Seahawks, Panthers, Minnesota Vikings, Vikings, Seattle ., NFL, Seahawks, 163rd, Carolina Locations: N.C, Cincinnati, Dallas, Chicago, New Orleans, Seattle

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
▼ + stars: | 2023-09-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: Bob Michele, J.P, —, we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's

Lawmakers are especially concerned about the use of AI to creates content that falsely depicts candidates in political advertisements to influence federal elections. Senate Democratic Leader Chuck Schumer told reporters a day after the AI forum that included technology leaders including Tesla (TSLA.O) CEO Elon Musk, Meta Platforms (META.O) CEO Mark Zuckerberg and Alphabet (GOOGL.O) CEO Sundar Pichai that election AI legislation may need to move faster. "Some things may have to go sooner than others and elections is one of the things that we may have to try to do soonest," Schumer said on Thursday. Experts say the proliferation of AI tools could make it far easier to, for instance, conduct mass hacking campaigns or create fake profiles on social media to spread false information and propaganda. He said it will be "a real challenge" to get agreement on such legislation "on both sides."

Persons: Chuck Schumer, Mike Rounds, Todd Young, Julia Nikhinson, Elon Musk, Mark Zuckerberg, Sundar Pichai, Schumer, Donald Trump, Amy Klobuchar, Josh Hawley, David Shepardson, Rick Cowan Organizations: Intelligence, U.S, Capitol, REUTERS, Rights, Democratic, Republican, Thomson Locations: Washington , U.S, Washington

☆ What to do if your Wells Fargo deposit is missing
▼ + stars: | 2023-08-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

Los Angeles CNN —Wells Fargo is once again cleaning up trouble with its customers’ bank accounts, and there are several steps you can take if you’ve been affected. Wells Fargo confirmed on Friday that the issue, which began on Thursday, is still ongoing. This isn’t the first time money has temporarily disappeared from some customer accounts at Wells Fargo. Still, if you’ve noticed missing funds from a Wells Fargo account or any bank account, you should contact your bank directly, according to the US Office of the Comptroller of the Currency. For those with a linked savings account at Wells Fargo, McBride advises transferring money from that account to cover any payments in the short term.

Persons: Wells, you’ve, Wells Fargo, ”, Greg McBride, McBride, ” McBride, “ Don’t Organizations: Los Angeles CNN, CNN, Bankrate, Consumer Financial, Bureau, OCC Locations: Wells Fargo, Wells

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