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In late-September reports, strategists at J.P. Morgan and Fitch Ratings had predicted two additional interest rate trims by the end of 2024 and expect such reductions to continue into 2025. The CME Group's FedWatch tool puts the probability of a 25-basis-point cut at this week's November meeting at 98%. The current probability of the benchmark rate being taken down by another 25 basis points at the December meeting is 78%. "The end of financial repression, of zero interest rates and zero inflation, that era is over. Interest rates will be higher, will be challenged around the world.

Persons: Brendan McDermid, Saudi Arabia —, aren't, Morgan, CNBC's Sara Eisen —, Goldman Sachs, Carlyle, Morgan Stanley, Jenny Johnson, Franklin Templeton, Larry Fink, " Fink, David Solomon, Ted Pick, Pick, Francis Fukuyama Organizations: New York Stock Exchange, Reuters, Wall, Federal Reserve, Fed, Fitch, Saudi, Future Investment Initiative, Standard Chartered, CNBC, U.S . Bureau of Labor Statistics Locations: Reuters RIYADH, Saudi Arabia, U.S, BlackRock

☆ Franklin Templeton CEO says focus is on 'doing what's right' for clients amid SEC probe
▼ + stars: | 2024-10-31 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

RIYADH — Franklin Templeton CEO Jenny Johnson said the firm is focused on doing right by its clients, in her first public comments after the company saw its worst quarter for financial outflows in its history and the Securities and Exchange Commission started a probe into suspicious trading at its fixed-income unit. Franklin Templeton's fixed-income business has also dealt with years of underperformance, which many investors expected to reverse course as money moves into bonds and other fixed-income products, which make up about 30% of the firm's assets. Johnson told CNBC Wednesday that the issue with Western Asset Management was damaging, but stressed that it stemmed from an isolated case, and that supporting clients was Franklin Templeton's top focus. "We've had an issue at Western which is isolated to an individual and a subset of strategies, but there's definitely been outflows in those strategies," Johnson told CNBC's Dan Murphy in Riyadh. "I mean, the good news — Western has a significant amount of other strategies that are outside of this and have a lot of global clients there, but we've definitely been hurt by the issues on those three strategies."

Persons: Franklin Templeton, Jenny Johnson, Ken Leech, Franklin Templeton's, Johnson, Franklin, We've, CNBC's Dan Murphy Organizations: Securities and Exchange Commission, Western Asset Management, SEC, Financial Times, CNBC Wednesday, Franklin Templeton's Locations: RIYADH, California, outflows, Riyadh

☆ Franklin Templeton CEO addresses reports of record outflows
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFranklin Templeton CEO addresses reports of record outflowsJenny Johnson, Franklin Templeton CEO, discusses the U.S. Securities and Exchange Commission's probe into Western Asset Management, a subsidiary of the company.

Persons: Franklin Templeton, Jenny Johnson Organizations: U.S . Securities, Exchange, Western Asset Management

☆ What investors are watching Friday: Emerging markets and a top AI stock
▼ + stars: | 2024-10-25 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. A bullish take on emerging markets and insight into an artificial intelligence company were also discussed. CEO Alan Trefler appeared on "Worldwide Exchange" to discuss outlook for the future of his business. Eyeing emerging markets for opportunity Alan McKnight of Regions Bank is bullish emerging markets, citing the outperformance since the Fed rate cut in September but said China is a key factor.

Persons: Katrina Dudley, Franklin Templeton, Dudley, Wells, Alan Trefler, Alan McKnight, McKnight, it's Organizations: PRO, Worldwide, Federal Reserve, Verizon, Mobile, Citi, Regions Bank Locations: China, India, Brazil

☆ Investor sentiment on China is turning a corner, but support details needed: Investment strategist
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestor sentiment on China is turning a corner, but support details needed: Investment strategistChristy Tan from Franklin Templeton says a precondition for a major return of investor confidence into China clarity on the quantum and speed of Beijing's stimulus measures. She adds that the U.S. election also factors into sentiment.

Persons: Christy Tan, Franklin Templeton Locations: China

☆ Franklin Templeton CEO on $260 billion in alternatives, growth strategy and recent acquistions
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFranklin Templeton CEO on $260 billion in alternatives, growth strategy and recent acquistionsFranklin Templeton President and CEO Jenny Johnson, joins 'Closing Bell' to discuss the growth strategy of the company and recent acquisitions.

Persons: Franklin Templeton, Jenny Johnson

☆ A retired boomer splits his time between Nebraska and Mexico. He says life is affordable in Puerto Vallarta and there's a lively LGBTQ+ community.
▼ + stars: | 2024-09-26 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

MacKenzie, 67, owns a condo in Puerto Vallarta, Mexico, with his husband, Darin Templeton. AdvertisementMacKenzie said it was important to visit Mexico and become accustomed to the lifestyle before committing to buying a condo there. In fact, they vacationed in Puerto Vallarta multiple times over six years before purchasing a condo in 2017. He said it feels like "there are more gay bars and clubs" in Puerto Vallarta than in Manhattan, adding that Puerto Vallarta is considered a top LGBTQ+ destination in Latin America. A dinner on Bill MacKenzie's terrace in Puerto Vallarta Courtesy of Bill MacKenzieMacKenzie said Puerto Vallarta has an active foreign population, and his condo complex has residents from Canada, Australia, Panama, and more.

Persons: —, Bill MacKenzie, MacKenzie, Darin Templeton, Templeton, Nebraska MacKenzie, Templeton —, Bill MacKenzie MacKenzie, Mexico MacKenzie, Mackenzie, Bill Organizations: Service, Business, Social Security Administration, Nebraska, Creighton University, Nebraska — Locations: Mexico, Puerto Vallarta, Omaha, San Diego, Sarpy, Nebraska, Bluffs , Iowa, Omaha . Iowa, California, Florida , Texas, Arizona, Florida, Southern California, Manhattan, America, Canada, Australia, Panama, American

☆ Blackstone reveals how to make money in India and mistakes to avoid
▼ + stars: | 2024-09-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

India's economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. However, focusing too much on the macro story can be dangerous for investors, according to Blackstone Private Equity's head of Asia, Amit Dixit. I think you go to India for the macro, everybody knows," Dixit said at the Milken Institute's recent Asia Summit in Singapore. While the list of companies Blackstone invests in India are extensive, he spotlighted the likes of information technology service firm Mphasis , IT service management company R Systems and automotive components manufacturer Sona Comstar . "I think, either end of the spectrum, you can make a lot of money as an investor," he said.

Persons: Blackstone, Blackstone Private Equity's, Amit Dixit, Dixit, Sona Comstar, it's, Manraj Sekhon, Sekhon Organizations: Blackstone Private, Milken, Summit, CNBC, Blackstone, Systems, Templeton Global Investments, Milken Asia Summit Locations: India, Hong Kong, Asia, Singapore

☆ 'Fertile hunting ground': Portfolio manager names 9 stocks to cash in on India's growth
▼ + stars: | 2024-09-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Franklin Templeton's Yi Ping Liao describes the South Asian country as "a fertile hunting ground to identify stocks." And if this continues, you can potentially see lower equity risk premiums for the market," the assistant portfolio manager told CNBC Pro on Sept. 12. She likes that the Indian market offers the "opportunity to identify good stocks," following an improvement in its breadth. Among the names Liao is betting on is automaker Tata Motors . Elsewhere, in the tourism and hospitality industry, the portfolio manager likes hotel chain Indian Hotels — the company behind premium brands like Taj, Vivanta and Ginger.

Persons: Franklin Templeton's Yi Ping Liao, Liao, Franklin, Morgan Stanley, China's, Vivanta, Ginger, India's financialization Organizations: CNBC Pro, Templeton, Growth, IMI, Bombay Stock Exchange, World Economic, Bain & Company, Tata Motors, Tata, Apollo, Max Healthcare Institute, Insurance, Taj, HDFC Bank, ICICI Bank, Kotak Mahindra Bank Locations: India, Asia, China, U.S

☆ CNBC's Inside India newsletter: Will India's lofty manufacturing ambitions bear fruit?
▼ + stars: | 2024-09-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Its intent was clear: to develop India's manufacturing capabilities in sectors like automotives, electronics, pharmaceuticals and aerospace while creating opportunities for locals. India's manufacturing sector has seen "remarkable" growth says, Samir Kapadia, founder and CEO of B2B marketplace India Index. "These infrastructural shifts in India have improved connectivity within and outside the country putting India at a very different playing field than it was 10 years ago when 'Make in India' started," Kapadia told CNBC's Inside India. India vs. other emerging marketsWhile India looks to poach China's manufacturing share, other countries like Indonesia, Vietnam, Bangladesh and Mexico are also stiff competitors.

Persons: Wistron, Narendra Modi, Foxconn, Samir Kapadia, Kapadia, CNBC's, U.S . Franklin Templeton's Yi Ping Liao, Liao, Deveshwar Organizations: Tata Group, Indian, Apple, Dixon Technologies, Kia, Divi's, Novartis, GSK, Merck, China, U.S ., TS Lombard, Inside, Mutual Fund Locations: India, China, Silicon Valley, Bengaluru, Kolar, Doddaballapura, Foxconn, Kia India, Anantapur —, Indonesia, Vietnam, Bangladesh, Mexico, Asia, Inside India, Brazil

☆ The Fed should go for a 25 basis point rate cut this week, says Franklin Templeton's Desai
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed should go for a 25 basis point rate cut this week, says Franklin Templeton's DesaiSonal Desai, Franklin Templeton Fixed Income CIO, joins 'Money Movers' to discuss what the Fed will do at this week's meeting, how the bond market will react to the Fed's decision, and much more.

Persons: Franklin Templeton's Desai Sonal Desai, Franklin Templeton

☆ 10 bitcoin and blockchain-related stocks with the highest price upsides, according to Wall Street analysts
▼ + stars: | 2024-07-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Bitcoin's price has surged by more than 500% over the past five years. According to TipRanks, the 10 stocks below are buy-rated and score well on other metrics. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The round of spot bitcoin ETFs approved by the Securities and Exchange Commission in January helped increase flows into the asset. This story is available exclusively to Business Insider subscribers.

Persons: TipRanks, —, bitcoin, Franklin Templeton Organizations: Service, Securities and Exchange Commission, Wall, Fidelity, Business Locations: BlackRock, bitcoin

☆ Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
▼ + stars: | 2024-07-25 | by ( Ellie Stevens | ) www.cnbc.com time to read: +1 min

It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut. Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission. CEO Jan Van Eck expects spot ether ETFs will help investors diversify, but he sees a different energy level for spot ether ETFs. "I don't think they're going to be the same, same kind of hit [as spot bitcoin ETFs]" Van Eck said. Long-term, Morningstar's Ben Johnson considers the volumes for spot ether ETFs as normal because they're roughly proportional to the relative market cap of ether versus bitcoin .

Persons: Franklin Templeton, —, David Mann, CNBC's, Jan Van Eck, Van Eck, Morningstar's Ben Johnson Organizations: Securities, Exchange, Franklin Ethereum Locations: cryptocurrencies

☆ Grayscale's $9 billion head start in ethereum is at risk as big investors launch ETFs
▼ + stars: | 2024-07-24 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

With the SEC clearing the path for ETFs, Grayscale will have a boatload of rivals, and investors can go hunting for the lowest fees. Large financial firms, including Fidelity Investments, Franklin Templeton, BlackRock and Invesco, are already on the market with their own spot ether ETFs. In their first day of trading on Tuesday, spot ether ETFs collectively saw over $1 billion in volume, with JPMorgan analysts estimating net sales of $104 million. While money poured into the new offerings, the Grayscale Ethereum Trust (ETHE) saw redemptions of $485 million. watch nowIn the bitcoin ETF market, Grayscale has been struggling to handle the flood of competition.

Persons: Jakub Porzycki, Barry Silbert's, Franklin Templeton, Morningstar's Bryan Armour, Grayscale's David LaValle, LaValle Organizations: Nurphoto, U.S, Digital Currency Group, SEC, Fidelity Investments, BlackRock, JPMorgan, CNBC Locations: Invesco, U.S

☆ Factors that can impact whether someone tells a lies, according to deception researchers
▼ + stars: | 2024-06-25 | by ( Christian B. Miller | Wake Forest University | ) edition.cnn.com time to read: +8 min

Differences like these lead researchers like me to wonder what factors influence the telling of lies. Figuring out the frequency of liesMost research on lying asks participants to self-report their lying behavior, say during the past day or week. This result became the benchmark finding in the field of honesty research and helped lead to an assumption among many researchers that lying is commonplace. It could be that each person in the group tells one or two lies per day. Many lies occur in the heat of the moment, so it makes sense that when there’s a delay in communication, as with email, lying would decrease.

Persons: Joe Biden’s, Hunter Biden, George Santos, Cardi, ”, Bella DePaulo, it’s, Kim Serota, they’d, Madeline Smith, David Markowitz, Markowitz, Recordability, DePaulo, “, Deborah Kashy, you’re, B, Miller, John Templeton Organizations: CNN, Republican, University of Virginia, Michigan State University, Northwestern University, University of Oregon, John, John Templeton Foundation

☆ Inside Europe's tech hubs: Does London have what it takes to remain No. 1?
▼ + stars: | 2024-06-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +32 min

But it will remain a big, big trend. How has if at all, Brexit, affected the U.K. tech scene? Arjun KharpalAre there other challenges at the moment, as you see them to the U.K. tech landscape? I'm gonna go with the amount of VC funding in U.K. tech startups for 2025. Sanjot MalhiI would say that is the amount of funding in U.K. AI startups.

Persons: Tom Chitty, Arjun, we'll, Arjun Kharpal, I've, Sanjot, He's, It's, Tom Chitty I've, we've, it's, Arjun Kharpal Sanjot, fintech, we're, you've, let's, Tom Chitty We're, Franklin Templeton, they're, Masa, Softbank, that's, Arjun Kharpal Sanjay, Emmanuel, Macron, hasn't, who's, Emmanuel Macron, I'm, Sanjot Malhi, Arjun Kharpal That's, Kharpal, Tom Chitty Sanjot Organizations: HSBC Innovation Banking, CNBC, Northzone, Hague Cricket Club, European Union, Competition, Markets Authority, London Stock Exchange, London, Masa, Viva Tech, Mistral, Nvidia Locations: Europe, Dealroom, France, China, London, beyondthevalley@cnbc.com, Netherlands, India, The Hague, Germany, Sweden, North America, Asia, San Francisco, Beijing, Tel Aviv, Bangalore, U.S, British, doesn't, Ukraine, IPOs

☆ Here’s how to invest in stocks when interest rates are higher for longer
▼ + stars: | 2024-06-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

How should traders invest in a higher-for-longer rate environment? Before the Bell: What do higher-for-longer rates mean for the stock market? What I find interesting and actually kind of invigorating is the resilience of the US economy in the face of these expected higher-for-longer rates. There will be some sectors that higher-for-longer rates will impact. And so we can see consumer durables slowing down or suffering a little bit in this higher-for-longer rate environment.

Persons: Price, Bell, Wylie Tollette, we’ve, We’ve, Jeanne Sahadi, isn’t, —, ”, “, ” Read, iPhones Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Consumer, Franklin Templeton Investment Solutions, Big Tech, Energy, Gallup, Global, “, Apple, Microsoft, Nvidia Locations: New York, “ State, United States

☆ What to Watch in Primaries in Maine, South Carolina, Nevada and North Dakota
▼ + stars: | 2024-06-11 | by ( Chris Cameron | ) www.nytimes.com time to read: +1 min

The presidential primary season is over, but down-ballot primaries are still happening across the country. Candidates will be on the ballot on Tuesday in five states: South Carolina, Nevada, Maine, North Dakota and Ohio, where a special House race will take place. Here are the primaries to keep an eye on:Nancy Mace, a Trump vice-presidential contender, will be on the ballot in South Carolina. The primary, in the state’s First Congressional District, comes just days after the House Ethics Committee started looking into Ms. Mace’s use of a congressional reimbursement program. Catherine Templeton, Ms. Mace’s opponent, worked for Nikki Haley when she was governor of South Carolina, and Ms. Templeton ran for that office in 2018.

Persons: Bill Johnson, Michael Rulli, Michael L, Donald J, Trump, Nancy Mace, Trump’s, Kevin McCarthy, Catherine Templeton, Nikki Haley, Templeton, Mace, Ms, Haley’s, MAGA Organizations: Ohio’s Sixth Congressional District, Republican, Democratic, Trump, Congressional, Republican Party Locations: South Carolina , Nevada , Maine, North Dakota, Ohio, South Carolina

☆ Election Updates: Nancy Mace faces a South Carolina primary fight and four other states go the polls.
▼ + stars: | 2024-06-11 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

Here are the primaries to keep an eye on:Nancy Mace, a Trump vice-presidential contender, will be on the ballot in South Carolina. Representative Nancy Mace, Republican of South Carolina, who is a contender to be Mr. Trump’s running mate, faces a primary opponent backed by former Speaker Kevin McCarthy, who opposes her because she voted to oust him from the speakership last year. The primary, in the state’s First Congressional District, comes just days after the House Ethics Committee started looking into Ms. Mace’s use of a congressional reimbursement program. Mr. Brown will face Jeff Gunter, a wealthy dermatologist who was Mr. Trump’s ambassador to Iceland, as well as Jim Marchant, who has supported Mr. Trump’s lie that the 2020 election was stolen from him, and a number of other minor candidates. Mr. Theriault has been endorsed by Mr. Trump, who urged his supporters on the eve of the election to back him.

Persons: Bill Johnson, Michael Rulli, Michael L, Donald J, Trump, Nancy Mace, Trump’s, Kevin McCarthy, Catherine Templeton, Nikki Haley, Templeton, Mace, Ms, Haley’s, MAGA, Jeff Duncan, William R, Timmons IV, State Representative Adam Morgan, Sam Brown, Brown’s, Jacky Rosen, Brown, Joe Lombardo, Jeff Gunter, Jim Marchant, Doug Burgum, Kelly Armstrong, Biden’s, Hunter, Tammy Miller, Burgum, Merrill Piepkorn, Jared Golden, State Representative Austin Theriault, State Representative Michael Soboleski, Mr . Theriault Organizations: Ohio’s Sixth Congressional District, Republican, Democratic, Trump, Congressional, Republican Party, District, Fourth, State Representative, Trump . Nevada Republicans, U.S, Senate, Army, Mr, North Dakota Republicans, Gov, Democrat, Maine Republicans, NASCAR Locations: South Carolina , Nevada , Maine, North Dakota, Ohio, South Carolina, Nevada, Trump, Iceland, Maine

☆ U.S. Approves Investment Product Tied to Popular Cryptocurrency Ether
▼ + stars: | 2024-05-23 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Federal regulators on Thursday approved an investment product tied to the cryptocurrency Ether, the most valuable digital asset after Bitcoin, in a major boost for the crypto industry. The Securities and Exchange Commission said a group of exchanges could begin listing investment products known as exchange-traded funds, or E.T.F.s, linked to the price of Ether. approved similar products that track the price of Bitcoin, leading to a flurry of new investment that helped propel Bitcoin’s price to a record high. Before the exchanges can start offering Ether E.T.F.s, the S.E.C. must also approve a separate set of applications from companies that want to issue them, including from major financial firms like BlackRock and Franklin Templeton.

Persons: Franklin Templeton Organizations: Securities, Exchange Commission Locations: BlackRock

☆ Economic data masks the fact that the U.S. economy is 'segmented': Strategist
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic data masks the fact that the U.S. economy is 'segmented': StrategistStephen Dover from Franklin Templeton Investments talks about the U.S. economy, inflation outlook and the Fed's policy effectiveness.

Persons: Stephen Dover Organizations: Franklin Templeton Investments Locations: U.S, Franklin

☆ Top minds at Milken unveil what they're seeing under the surface of the US economy as the national debt burden rises to nauseating levels
▼ + stars: | 2024-05-08 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

For the 27th straight year, some of the brightest minds from across the business world descended on Beverly Hills in early May to attend the Milken Institute Global Conference. But while speculation stole headlines, Milken speakers spent much of their time fixated on the state of the US economy. But despite continued concerns about stagflation, Milken speakers overwhelmingly expressed confidence about economic growth at a May 6 session called "Global Markets at Inflection." "The economy is still extremely strong, consumers are still doing really well, businesses are still doing really well," Scharf said. Though far from perfect, the US is still the best place to investDespite the $34.7 trillion anvil hanging over the economy, Milken speakers widely agreed that the US is still the best place to invest and operate a company.

Persons: Elon Musk, he's, Milken, Wells, Franklin Templeton, Gerard Baker, Andre Esteves, Jenny Johnson, Charlie Scharf, Scharf, we've, it's, you've, hasn't, Sam, Joshua Friedman, Anne Walsh, Friedman, Esteves, they've, Johnson, " Scharf, Wells Fargo Organizations: Milken Institute Global, SpaceX, Business, Milken, The, Consumers, Starbucks, Canyon Partners, Investors, Guggenheim Investments, Milken Institute Global Conference, US Locations: Beverly Hills, Wells Fargo, Brazil, McDonald's, Washington

☆ Jack Dorsey’s payments company, Block, is building its own bitcoin mining system
▼ + stars: | 2024-04-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system. "Building on these insights and pursuant to our goal of supporting mining decentralization, we plan to offer both a standalone mining chip as well as a full mining system of our own design." "Mining isn't accessible to everyone," Dorsey wrote when Block first entered the business of building mining hardware in 2021. "Bitcoin mining should be as easy as plugging a rig into a power source. The company was light on the details in this latest announcement, but Dorsey posted in 2021 that the company was considering a "bitcoin mining system based on custom silicon."

Persons: Jack Dorsey, We've, Dorsey, Block, Thomas Templeton Organizations: Mining Locations: China, Kenya, Malawi, Zambia

☆ Robotaxi regulators say Tesla hasn’t contacted them about plans teased by Musk
▼ + stars: | 2024-04-11 | by ( David Ingram | ) www.cnbc.com time to read: +7 min

Musk hinted at his plans in a brief post late Friday afternoon on X, writing: "Tesla Robotaxi unveil on 8/8." Musk has talked about a robotaxi service for years. In 2019, he discussed plans to launch a robotaxi fleet using Tesla vehicles that people had leased and then returned. Musk has also talked about a robotaxi service with decentralized ownership, in which Tesla owners could rent out their cars for fares. Amazon subsidiary Zoox has said it has authorization from Nevada to operate a robotaxi service, which hasn't launched.

Persons: robotaxis, Tesla, Elon Musk, Brad Templeton, Templeton, Cruise, Musk, Zoox, hasn't, Eli Rohl Organizations: The California Department of Motor Vehicles, California Public Utilities Commission, NBC, DMV, Google, General Motors, Phoenix, Toyota, Car Dealers Association, Reuters, Cruise, Transportation Department, Nevada DMV, The, The Nevada DMV, California DMV Locations: California, San Francisco, Los Angeles, leaseholders, Arizona, Nevada, The Nevada

☆ Nancy Mace seat: Court rules South Carolina can use map previously declared unconstitutional
▼ + stars: | 2024-03-28 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +2 min

CNN —A federal court said Thursday that it will allow a US House election in South Carolina for Republican Rep. Nancy Mace’s seat to proceed under a map it had previously declared unconstitutional. In a brief order, the judges in the case said they had little choice, given a fast-approaching deadline to prepare for the primary election for the state’s down-ballot contests. South Carolina officials appealed to the US Supreme Court, and the justices heard arguments in the case in October. They said they recognized that it’s unusual to allow an election to proceed under a map they had deemed invalid. Mace won reelection in 2022 by 14 points, after winning the seat under the previous map by a single point two years earlier.

Persons: Nancy Mace’s, ”, it’s, ” Mace, Catherine Templeton, Daniel Hanlon, Mace, Donald Trump, Trump, CNN’s Kate Sullivan, Andrew Menezes Organizations: CNN, Republican Rep, GOP, Congressional, Trump Locations: South Carolina, Charleston County, Carolina

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