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☆ Automakers are pausing factory lines to help keep inventory low and prices high
▼ + stars: | 2023-05-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Throughout the height of COVID, carmakers got used to getting high prices. But some carmakers might limit their inventory to keep supply down and prices up. Since recovering from COVID-related plant shutdowns and an extended shortage of chips required for today's tech-laden cars, companies like Ford, General Motors, and Stellantis have finally seen more cars head to dealer lots. But they got used to selling vehicles for high prices with minimal inventory on their lots. But shoppers shouldn't necessarily see some automaker's low inventory as a signal of high demand for a vehicle that they'd have to pay big dollars to compete on.

☆ Justice Samuel Alito: ‘This Made Us Targets of Assassination’
▼ + stars: | 2023-04-28 | by ( James Taranto | David B. Rivkin Jr. | ) www.wsj.com time to read: 1 min

WashingtonJustice Samuel Alito was supposed to speak to law students at George Mason University in Arlington, Va., but when they showed up, he wasn’t there. “That Alito was speaking via closed circuit from a room at the Supreme Court seven miles away, rather than in person, was a sign these are not normal times,” the Washington Post reported. The Post didn’t explain what made the “times” abnormal.

☆ Videos capture Russian MiG-31 jet bursting into flames before it crashed into a lake
▼ + stars: | 2023-04-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

A Russian interceptor aircraft crashed into a remote area in northwestern Russia on Wednesday. Both pilots ejected before the MiG-31 went down, and there were no report of civilian injuries. The accident comes just days after another jet accidentally bombed a Russian city. Footage published by state-run media outlet Russia Today showed wreckage of the MiG-31 strewn across a frozen lake, where law enforcement also told TASS the plane crashed. RT cited witnesses saying that the aircraft crashed over 200 feet from the shore.

☆ Kilburg: We're in an abnormal market setup that could lead to a higher trading range
▼ + stars: | 2023-04-24 | 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 EmailKilburg: We're in an abnormal market setup that could lead to a higher trading rangeJeff Kilburg, Founder and CEO at KKM Financial, discusses the trading week ahead.

☆ Thai authorities issue extreme heat warnings for dozens of provinces
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chalinee ThirasupaBANGKOK, April 22 (Reuters) - Thai authorities on Saturday warned residents across large swathes of country, including the capital Bangkok, to avoid going outdoors due to extreme heat. Parts of Asia are reporting extreme heat this month, with record-breaking temperatures seen in some countries. In Bangladesh and parts of India, extreme heat is leading to surge in power demand, causing power cuts and shortages for millions of people. Thailand's department of disaster prevention and mitigation said that temperatures will exceed 40 C in at least 28 provinces on Saturday. "What is happening right now is caused by climate change, influencing abnormal (weather) and a phenomenon that is called extreme weather," Mathinee Yucharoen, a researcher of coastal oceanography and climate change at Prince of Songkhla University, told Reuters.

☆ Eli Lilly jumps to all-time highs on Alzheimer's news. Here's what it means our investment
▼ + stars: | 2023-04-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

LLY 1Y mountain Shares of Eli Lilly over the past 12 months. Still, a commercially successful Alzheimer's drug would be material for Eli Lilly and strengthen its long-term position. Mounjaro is the heart of our Eli Lilly investment case. Another catalyst looming for Eli Lilly shares is results from a study conducted by its competitor in the weight-loss category Novo Nordisk . Eli Lilly Pharmaceutical company logo SOPA Images | LightRocket | Getty Images

☆ A Russian warplane bombed one of Russia's own border cities, adding to the country's stack of embarrassing wartime blunders
▼ + stars: | 2023-04-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A Russian Su-34 mistakenly bombed the Russian city of Belgorod on Thursday, authorities said. Photos posted by Gladkov showed extensive damage to the nearby apartments — the outer wall of one property was completely blasted apart. Belgorod is some 25 miles from the Ukrainian border, and Russian warplanes often fly over the city on combat missions. Ukrainian and Western observers have also recorded multiple instances of Russian troops firing on their comrades. The Russian Ministry of Defense did not immediately respond to Insider's request for comment sent outside regular business hours.

☆ Video shows a bomb that Russia accidentally dropped on its own city blowing up, sending cars flying into the air
▼ + stars: | 2023-04-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +1 min

A Russian fighter jet accidentally dropped a bomb on its own city late Thursday. The blast from the weapon erupted in the city of Belgorod, sending cars flying in the air. Three people were reportedly injured in the explosion that left several cars and buildings damaged. Dramatic video footage shows the moments the explosion erupted in Belgorod after a Russian Su-34 aircraft dropped the weapon. Cars were driving by on a city street as the blast went off, catapulting vehicles in the air and leaving a crater with a 65-foot radius in the ground.

☆ A Russian fighter jet mistakenly bombed one of its own cities. Experts say that 'serious' cockpit errors are likely to blame.
▼ + stars: | 2023-04-21 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A Russian warplane mistakenly bombed one of its own border cities, on Thursday, officials said. An expert told Insider that the pilot may have confused the Russian city for a Ukrainian one. A Russian Su-34 dropped a bomb on the border city of Belgorod, around 25 miles north of the country's border with Ukraine, Russia's defense ministry said in a statement. Two military experts told Insider that it was strange for the Su-34 to be flying over a built-up city in the first place. However, both experts told Insider they are confused about why the plane was flying so close to a populated Russian city, with Miron noting "they could have easily avoided flying over Belgorod."

That's a good reason to pause after one more rate increase, he said, to study how the economy and inflation evolve, and try to limit the damage to growth and jobs. 'HAD TO DOWNSHIFT'The Atlanta Fed chief spoke in detail about how the recent turmoil in banking markets buffeted his monetary policy views. At first, high inflation made him open to a half-percentage-point increase at the March 21-22 Fed meeting. Indeed, Bostic sketched out why he still believes the inflation battle can be won without a recession or even much of a rise in the unemployment rate. People and businesses "are sitting in a financial condition that is abnormal, and abnormal in a way that would drive excess consumption," Bostic said.

☆ The resilient job market is finally showing signs of cooling off
▼ + stars: | 2023-04-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

The job market is clearly starting to slow down. Mohamed El-Erian said March's jobs report was a win-win for both the stock market and the Fed. "We are making this transition where the stock market was obsessed with interest-rate risk to one that is concerned about credit risk." What's your take on the latest job data? In other news:Traders works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.

☆ Bank of America shares its recession investing playbook based on 150 years of market history — including 5 ETFs to own now and 3 signals to watch to know when to 'confidently buy' at the bottom
▼ + stars: | 2023-04-05 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

For a downturn, the bank likes ETFs like IYK, ANGL, FALN, and CALF. Economists at Bank of America expect a recession to hit the US economy this year. Bank of AmericaThat's bad news for stock market investors, as a recession likely means downward pressure on corporate earnings and share prices. Bank of AmericaWhen the indicator has entered this phase in the past, the strategists said defensive stocks, small-cap stocks, value stocks, and emerging-market stocks have outperformed. In addition to the broader index, they also said materials stocks should outperform when the market begins to recover.

☆ Former Greylock VC Sarah Guo is betting her career on the AI boom with new fund Conviction. Here's why.
▼ + stars: | 2023-04-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +8 min

Ex-Greylock GP Sarah Guo surprised the tech world when she launched her AI fund Conviction last year. In addition to her fund, Guo has gained prominence in SF's AI scene through her podcast and events. Kovalsky knew of only one person who could be behind this — Sarah Guo, then a general partner at VC firm Greylock. Within the tech community, Guo has differentiated herself from other VCs through her honesty, business savvy, and grit, they added. Although Guo launched Conviction, a $100 million fund investing up to Series A, in late 2022, her interest in artificial intelligence has been long in the making.

☆ France looks to AI-powered surveillance to secure Olympics
▼ + stars: | 2023-03-23 | by ( Layli Foroudi | ) www.reuters.com time to read: +3 min

PARIS, March 23 (Reuters) - France's National Assembly on Thursday approved the use of Artificial Intelligence (AI) video surveillance during the 2024 Paris Olympics, overlooking warnings from civil rights groups that the technology posed a threat to civil liberties. If formally adopted, France would become the first country in the European Union to legalise AI-powered surveillance. That would be setting a worrying surveillance precedent, a group of several dozen European lawmakers said last week. The plan to deploy AI surveillance has met strong resistance from rights groups such as Amnesty International and digital rights groups. Access Now's Leufer questioned the utility of AI in spotting would-be attackers because of the complexities in training algorithms on rare incidents.

☆ Coffee and Your Heart: The Impact May Be Different Than You Think
▼ + stars: | 2023-03-22 | by ( Julie Wernau | ) www.wsj.com time to read: 1 min

America’s favorite stimulant might not be so risky for cardiac health after all, but there may still be other health effects, researchers say. Coffee consumption doesn’t increase abnormal heart beats associated with an increased risk of the most common heart rhythm disturbance, according to a new study published Wednesday in the New England Journal of Medicine. Researchers monitored the hearts, activity and sleep of 100 people without underlying heart conditions over two weeks. They found that the key cardiac risk marker remained about the same for coffee drinkers as it did for non-coffee drinkers. The irregular heart rhythm known as atrial fibrillation, can lead to dangerous blood clots that can cause stroke and heart failure.

☆ China fines Deloitte $31 mln for auditing negligence
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

BEIJING, March 17 (Reuters) - China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd (2799.HK), the finance ministry said on its website on Friday. Deloitte's Beijing operations also will be suspended for three months, the ministry said in a statement. Deloitte said it respects and accepts the ministry's decision, according to a statement published on its website. "We regret that, in this matter, the MOF considers certain aspects of our work fell below the required auditing standards," it said. In a separate statement, Huarong said the company and its seven subsidiaries had received a 100,000 yuan fine each.

☆ A nature videographer flying a drone spotted an endangered loggerhead sea turtle struggling in the red tide. He quickly alerted wildlife officials who showed up to save it.
▼ + stars: | 2023-03-18 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

After he quickly alerted officials, the turtle was rescued and is still recovering at a rehab facility. The rehab facility confirmed the turtle had been exposed to red tide, a toxic algae bloom. Upon zooming in with his drone, it was obvious to McCarthy that the turtle needed help, and needed it fast. He knew the video would help him show that the turtle needed help. FWC notified Clearwater Marine Aquarium, which was located nearby and has a dedicated rescue and rehab facility for marine life.

The Justice Department’s decision to subpoena government witnesses who would normally testify voluntarily to help build the government’s criminal case was highly unusual, according to a half-dozen legal and animal welfare experts. The inspectors wanted APHIS to take a tougher stance against the company for the mistreatment of the beagles. Yet, this did not happen with any of the agency's inspections of Envigo, public records show. TENSIONS RISETensions between Gibbens and Miller escalated shortly after Envigo appealed some of the findings from the October inspection, emails show. Gibbens told Envigo APHIS would strike the citation because the company ultimately provided the requested information.

☆ Eli Lilly, Apple and Salesforce each made news on Thursday — our Club takes
▼ + stars: | 2023-03-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

A trio of Club stocks — Eli Lilly (LLY), Apple (AAPL) and Salesforce (CRM) — are in the news Thursday. The news: Eli Lilly is ending clinical development for one of its older Alzheimer's drugs — known as solanezumab — following another failed trial. Eli Lilly shares have struggled so far this year, falling more than 13%. In a note to clients, the firm said Eli Lilly "remains one of our favorite names" in the industry. The Eli Lilly logo is shown on one of the company's offices in San Diego, California, September 17, 2020.

☆ Iran's judiciary says women will be punished for violating Islamic dress code -IRNA
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

DUBAI, March 6 (Reuters) - Women violating the Islamic dress code will be punished, Iran's Judiciary Chief Gholamhossein Mohseni Ejei said on Monday according to the official IRNA news agency, reaffirming the law after months of unrest that brought a deadly security crackdown. "Removing one's hijab is equivalent to showing enmity to the Islamic Republic and its values. People who engage in such an abnormal act will be punished," Ejei said. The Sept. 16 death of Iranian Kurdish woman Mahsa Amini while in police custody for flouting the dress code triggered nationwide protests that posed one of the toughest challenges to theocratic since its establishment in 1979. Reporting by Dubai Newsroom; Editing by Toby Chopra and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ Storms bolster California snowpack, ease drought
▼ + stars: | 2023-03-03 | by ( Sharon Bernstein | ) www.reuters.com time to read: +1 min

The snowpack is considered California's largest reservoir, and is vital to fill streams and lakes as it slowly melts. The record precipitation and accompanying powerful storms in December and February have also dramatically lessened California's ongoing drought, a team of U.S. government agencies said this week. By contrast, just three months ago the entire state was considered to be experiencing drought conditions. California has cycled through four periods of drought since 2000, making less water available to irrigate crops and sustain wildlife along with meeting the needs of the state's 40 million residents. Reporting by Sharon Bernstein; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Review: Is the Alaska Airlines Business Credit Card the Best Credit Card for You? Alaska Airlines discountsWhen you pay with your Alaska Airlines Business Credit Card, you'll get a $100 discount off a full Alaska Lounge+ membership. Read our review Read Our Review A looong arrow, pointing rightAlaska Airlines Business Card Fees and CostsThe Alaska Airlines Business Credit Card has an annual fee of $70 per company and $25 per card, and doesn't have foreign transaction fees, so it's a useful card to take on trips abroad. If you're not quite in that range, there are plenty of great travel rewards credit cards that you may be eligible for with good credit score, including the personal Alaska Airlines Visa® Credit Card (you can read our review of the Alaska Airlines credit card for more information). If you're a small-business owner and fly Alaska Airlines frequently, the Alaska Airlines Business Credit Card is worth it.

SAO PAULO, March 2 (Reuters) - A confirmed case of mad cow disease in Brazil discovered last month is "atypical," the agriculture ministry said on Thursday, adding it will work to lift beef export suspensions swiftly enacted by several countries in Asia. In a statement, the agriculture ministry pointed to an analysis conducted by the World Organization for Animal Health (WOAH) that confirmed the unusual case of mad cow disease. The case of mad cow disease, known scientifically as bovine spongiform encephalopathy (BSE), was found in a nine-year old bull from northern Para state. Earlier on Thursday, three additional Asian markets - Thailand, Iran and Jordan - slapped temporarily bans on beef imported from anywhere in Brazil. Officials explained that atypical cases of mad cow disease can occur spontaneously in cattle populations and such infections do not depend on ingestion of feed contaminated by abnormal pathogens known as prions.

The SEC in 2016 warned companies that non-GAAP measures that replace GAAP-based methods with individually tailored disclosure could violate its rules. That is up from 11 companies in letters released in January and February 2022. The SEC has long expressed concerns about companies placing too much emphasis on their non-GAAP disclosures compared with GAAP disclosures. Changing how certain non-GAAP measures are calculated can be embarrassing and even costly for companies, accountants said. Graham Holdings said it isn’t violating SEC guidance because it didn’t substitute an alternative recognition or measurement method for the related adjustments.

☆ Amyloid Gains Converts in Debate Over Alzheimer’s Treatments
▼ + stars: | 2023-02-27 | by ( Joseph Walker | ) www.wsj.com time to read: 1 min

The success of Eisai Co.’s new Alzheimer’s drug has helped quiet a decadeslong dispute over a leading theory of what causes the disease and how to treat it, with proponents declaring victory and some former skeptics switching sides. Since the early 1990s, many scientists have thought that removing clumps of a sticky protein called amyloid from the brains of Alzheimer’s patients could help slow the disease, if not stall or reverse it. The theory was an outgrowth of the “amyloid hypothesis,” which held that an abnormal accumulation of brain amyloid was the central trigger in a complex neurodegenerative process leading to Alzheimer’s.

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