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☆ It’s becoming harder to get — and keep — a car
▼ + stars: | 2024-07-22 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

Cook did the math, made a pros and cons list, and bought a new car. Courtesy Greg CookHis car — the monthly payment, the fast-rising insurance, fuel and maintenance costs — takes up a 30% share of his monthly budget. And buying a car is no cakewalk either: Credit is increasingly harder to come by and rejection rates are spiking. Instead, consumers have been presented with a higher bar, including requirements for a heftier down payment and a higher credit score, he said. More restrictive lending typically equates to approval rates going down and rejection rates rising.

Persons: Greg Cook’s, he’d, I’ve, ”, Cook, Greg Cook, “, Jeremy Robb, “ Everyone’s, Robb, David Paul Morris, they’re, repossessions Organizations: CNN, Cox Automotive, Federal Reserve Bank of New, Federal, Bloomberg, Getty Locations: Oregon, Federal Reserve Bank of New York, Richmond , California

☆ How Biden's unpopular economic record could be a challenge for Kamala Harris
▼ + stars: | 2024-07-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

As the frontrunner for the Democratic party's nomination, Kamala Harris will have to run, for better or worse, on President Joe Biden's economic record. It will be just one challenge Harris will have to overcome to defeat her Republican opponent, former President Donald Trump . Despite historically low unemployment and macro growth that has defied long-held expectations for recession, the economy is Biden's soft spot. "I don't see a lot of daylight between her views on economic policy and those of the administration," said Mark Zandi, chief economist at Moody's Analytics , a Democrat who has advised administrations of both parties. Possible change at the Fed One area of difference between Biden and Harris could be a crucial one — the Federal Reserve.

Persons: Kamala Harris, Joe Biden's, Biden, Harris, Donald Trump, She's, Greg Valliere, she's, There's, Mark Zandi, Zandi, nonfarm, Joseph LaVorgna, Biden's, Trump, Jerome Powell, Powell, reappoint Powell Organizations: Democratic, Biden, Republican, AGF Investments, Reuters, Moody's, Democrat, Economic Council, Nikko Securities, Federal Reserve, Senate, Beacon, Advisors Locations: California

☆ Xander Schauffele wins Open Championship at Royal Troon for major win No. 2 of 2024
▼ + stars: | 2024-07-21 | by ( Brody Miller | ) www.nytimes.com time to read: +4 min

TROON, Scotland — Xander Schauffele was for so long the best golfer without a major. The ever-steady 30-year-old star never topped the Open leaderboard Thursday to Saturday, always quietly lurking in the top 10 before shooting a Sunday 65 to win the 152nd Open Championship for his second major title in three starts. For the first time since 1982, Americans — Schauffele (Open Championship, PGA Championship), Scottie Scheffler (Masters) and Bryson DeChambeau (U.S. Open) — have claimed all four major championships. Sunday began with Horschel, a 37-year-old seeking his first major championship, in the lead by one stroke, playing in the final group of a major’s final round for the first time. Now Schauffele enters the Olympics and the rest of the season no longer an admirable player who can’t win.

Persons: Xander Schauffele, Schauffele, Justin Rose, Billy Horschel, Schauffele’s, Thriston Lawrence bogeyed, — Schauffele, Scottie Scheffler, Bryson DeChambeau, —, Arnold Palmer, Lawrence, Dan Brown, Rose, standouts, Sam Burns, Russell Henley, Scheffler, Horschel, Brown, Burns, Shane Lowry, birdies, Jon Rahm, Viktor Hovland, Rory McIlroy, Kevin C, Cox Organizations: 152nd, Royal Troon, May’s PGA, Valhalla, Pinehurst, Sunday, Horschel Locations: TROON, Scotland, Scottish

☆ This Gen Zer traveled to 10 countries in 3 years. Here's how she did it while earning $25 an hour.
▼ + stars: | 2024-07-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

Read previewWaiting tables a few months at a time is enough for Celeste Cox to fund her travels to bucket list destinations. The 26-year-old has been to 10 countries since embarking on what she intended to be a gap year in 2021. She's managed to do all of it by working as a waitress in New York City in between her adventures. She prefers Latin American countries since she speaks Portuguese and Spanish, and US dollars typically stretch further in those places. Advertisement"These travels have taught me so much about life and have really given me so much life experience," Cox said,

Persons: —, Celeste Cox, She's, Cox, Dominican Republic —, I'd, Celeste Cox Cox, Zers, Worldpackers, it's, she's, Z, I've, they're, It's Organizations: Service, Business, Hunter College, BI Locations: New York City, touristy, Puerto Rico, Dominican Republic, Brazil, Colombia, Italy, Workaway, it's, America, Sardinia

☆ Open Championship: American Billy Horschel edges ahead after Shane Lowry sunk by ‘coffin’ bunker nightmare
▼ + stars: | 2024-07-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Billy Horschel will carry the slenderest of leads into the final 18 holes of the Open Championship in Scotland, as the American capitalized on Shane Lowry’s grisly slide to edge clear in a rain-soaked third round. I’m embracing it,” Horschel, whose career best major performance was a tied-fourth finish at the 2013 US Open, told reporters. Lowry's round went downhill after trouble at the 'coffin' bunker on the eighth hole. Stuart Franklin/R&A/Getty ImagesHaving taken a three shot advantage to the eighth tee, the 37-year-old will start the final round three strokes adrift of leader Horschel, and one back from world No. 1 Scottie Scheffler, who shot even-par 71 to stay in contention for a second major title of the season.

Persons: Billy Horschel, Shane Lowry’s, “ I’ve, I’m, ” Horschel, “, I’ll, ”, Kevin C, Cox, Thriston Lawrence, Sam Burns, Russell Henley, Xander Schauffele, Justin Rose, Daniel Brown, Brown, I’ve, ” Brown, you’d, Andrew Redington, Coffin ’, Lowry’s, Lowry, Stuart Franklin, Horschel, Scottie Scheffler, ” Lowry, Adam Scott, Lawrence Organizations: CNN, Troon, European, Irish Locations: Scotland, Horschel, American, Troon

☆ This week's 'manic market' action looks a lot like the dot-com bust in 2000, economist David Rosenberg says
▼ + stars: | 2024-07-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The past week's tumultuous stock market action harkened back to the dark days of 2000 as the dot-com bubble was bursting, according to economist and strategist David Rosenberg. With tech leaders sagging and investors heading for cover, the widely followed market bear sees similarities between two eras that showed overheated investor sentiment and an overvalued market. "The massive daily swings reflect a manic market becoming unglued," the head of Rosenberg Research wrote in his daily market note Friday. "The action is highly reminiscent of what happened in the immediate aftermath of the Nasdaq rolling off the bubble highs in March 2000." Alfred E. Neuman feeling when I look at the action in the equity market and the reasons for this relentless exuberance," Rosenberg said.

Persons: David Rosenberg, Alfred E, Neuman, Rosenberg, Russell Organizations: Rosenberg Research, Nasdaq, Tech, Nvidia, Microsoft, Dow Jones, American, of, Investors, Investors Intelligence

☆ U.S. stock exchanges operating normally, issue with FTSE Russell indexes amid global outage
▼ + stars: | 2024-07-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

A trader works on the floor at the New York Stock Exchange on July 3, 2024. "NYSE markets are fully operational and we expect a normal open this morning," a spokesperson for the exchange said Friday. There were other issues, though: Russell US Indexes, which include the closely watched Russell 2000 small-cap gauge, were not calculating after the market open. "This disruption is affecting FTSE Russell real-time indices. Though the Russell indexes weren't updating on digital platforms, the various indexes were being calculated without interruption.

Persons: Russell, Gregory Falco Organizations: New York Stock Exchange, Nasdaq, NYSE, Russell, Cornell University cybersecurity

☆ Ryan Serhant, who's sold $10 billion in real estate over 16 years, swears by his '1,000-minute rule'
▼ + stars: | 2024-07-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

"There's no boss, there's no mentor," Serhant recalled to Business Insider. "The 1,000-minute rule helps me stay quick in my decision tree," Serhant explained. AdvertisementView each day as a time bank, with a fresh $1,000 depositWith 1,000 minutes at his disposal each day, Serhant views his day in 15-minute chunks. Running your own business, Serhant explained, involves both big ambitions, like his desire to become New York's top brokerage, and quick tasks. The 1,000-minute rule can be grueling and rewardingThe biggest downside to the 1,000-minute rule is its inflexibility, Serhant told BI.

Persons: —, Ryan Serhant, there's, Serhant, — Serhant, Crystal Cox, Ryan Organizations: Service, Business, New, YouTube, Netflix Locations: New York City, Manhattan's Soho

☆ Utah Republican Gov. Spencer Cox pledges Trump his support after saying last week he wouldn’t vote for him
▼ + stars: | 2024-07-19 | by ( Kate Sullivan | ) edition.cnn.com time to read: +3 min

Spencer Cox on Friday pledged his support to former President Donald Trump in a notable shift after telling CNN last week he would not vote for Trump in November and hadn’t voted for him in 2016 or 2020. Cox told Trump in a letter he posted on X that God “had a hand in saving you,” after the attempt on the former president’s life at his Pennsylvania rally last weekend. He had not voted for the top of the GOP ticket since 2012, Cox told Collins. In his letter, Cox said he was impressed with the statements Trump and former first lady Melania Trump made following the assassination attempt, saying that “there was strength in those words, and also humility. I’m not writing this letter looking for a position in your Cabinet or a role on your team.

Persons: Spencer Cox, Donald Trump, hadn’t, Cox, Trump, “, ”, Cox’s, ” Trump, CNN’s Kaitlan Collins, Collins, Melania Trump, Mr, I’m, Ronald Reagan, Biden, ” Cox Organizations: CNN, Utah Gov, Trump, Pennsylvania, Republican, Capitol, GOP

☆ Political assassinations are on the rise. It's a symptom of growing global instability.
▼ + stars: | 2024-07-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

AdvertisementA wave of violence against political leadersAround the world, politics has been rocked by a wave of assassinations of political leaders, dissidents, and other high-profile figures. In the UK, political assassinations were once rare, but two members of parliament were assassinated in five years. Political violence is on the riseA 2018 protest in Turkey against the murder of Jamal Khashoggi, a Saudi dissident. Bruce Hoffman, an expert on terrorism at the Council on Foreign Relations, told Business Insider that rising political violence is the outcome of increasing global instability. - Getty ImagesAnother factor behind the spike in assassinations is the increasing instability of the global political order.

Persons: —, Donald Trump, It's, Jo Cox, Sir David Amess, Robert Fico, Alexander Navalny, Vladimir Putin, Shinzo Abe, Fernando Villavicencio, Zoran Djindjic, Jamal Khashoggi, Mohammed bin Salman, Emrah, Bruce Hoffman, Hoffman, Trump, Joe Biden, General Merrick Garland, Christopher Wray, Gretchen Whitmer, Paul Pelosi, Nancy Pelosi, who'd, Tommy Mair, John Bolton, Volodymyr Zelenskyy, Nicholas Maduro, Abe, Jacob Ware Organizations: Service, CNN, Business, Slovakian, Kremlin, Serbian, CIA, University of Maryland's, Council, Foreign Relations, Trump, New York Times Locations: Pennsylvania, Saudi Arabian, Saudi, Turkey, Saudi Arabia, Michigan, Washington , DC, Slovakia, India, Iran

☆ These 10 U.S. states have America’s best economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.

Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida

☆ Treasury yields tick higher as markets digest comments by Fed officials
▼ + stars: | 2024-07-18 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The yield on the 10-year Treasury was trading around 4.1672% at 2:20 a.m. The yield on the 2-year Treasury was also 2 basis points higher at 4.4524%. U.S. Treasury yields moved higher on Thursday as investors digested a range of comments by Federal Reserve officials and what they could mean for interest rates. It comes as traders increasingly bet on a September interest rate cut by the Federal Reserve, with a reduction in July now seen as highly unlikely. Earlier this week, Federal Reserve Chair Jerome Powell said interest rates would likely be cut before inflation reaches 2%.

Persons: Christopher Waller, John Williams, Thomas Barkin, Jerome Powell, you've, Powell, Dow Jones, —, Jeff Cox Organizations: Treasury, U.S, Federal Reserve, Federal, York Fed, Wall Street Journal, Richmond Fed, Deutsche Bank, Economic, of Washington D.C

☆ Oregon Fugitive Found After Having Used a Stolen Identity for 30 Years
▼ + stars: | 2024-07-18 | by ( Sara Ruberg | More About Sara Ruberg | ) www.nytimes.com time to read: +1 min

It does not appear that Mr. Johnson had connections in Georgia, but a building manager of the apartment complex where he was living told Mr. Wright that Mr. Johnson had one friend who would visit him. The building manager also said that Mr. Johnson was known to his neighbors as William Cox or “Bud.” When U.S. Marshal officers went to question him, they had no indication that he was employed, but upon his arrest Mr. Johnson mentioned he had a pension. Before his escape in 1994, Mr. Johnson was serving a state sentence in Oregon for three counts of sex abuse and one count of attempted sodomy. Mr. Wright would not disclose details on the new technology to protect the secrecy of future investigations using the method.

Persons: Chris Wright, Johnson, Wright, William Cox, Bud, ”, Kate Brown Organizations: U.S, Marshals, Fugitive, Force, Mr, The Oregon Department of Corrections, U.S . Marshals, Diplomatic Security Service, State Department, Gov Locations: Texas, Georgia, Oregon

☆ Fed Governor Waller sees central bank 'getting closer' to an interest rate cut
▼ + stars: | 2024-07-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. "So, while I don't believe we have reached our final destination, I do believe we are getting closer to the time when a cut in the policy rate is warranted." Keeping with statements from other policymakers, Waller's sentiments point to an unlikelihood of a rate cut when the Federal Open Market Committee meets later this month, but a stronger likelihood of a move in September. "Given that I believe the first two scenarios have the highest probability of occurring, I believe the time to lower the policy rate is drawing closer," Waller said. Williams noted that inflation data is "all moving in the right direction and doing that pretty consistently" and is "getting us closer to a disinflationary trend that we're looking for."

Persons: Christopher Waller, Waller, John Williams, Williams Organizations: Federal, Kansas City Fed, Market Committee, CNBC, New York Fed, Wall Street, Fed, Traders

☆ Alarm bells are ringing in the luxury sector, analyst says
▼ + stars: | 2024-07-16 | 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 EmailAlarm bells are ringing in the luxury sector, analyst saysJon Cox, head of European consumer equities at Kepler Cheuvreux, discusses why companies in the luxury sector are seeing increasingly weakened demand.

Persons: Jon Cox Organizations: Kepler

☆ Ex-Air Force engineer's arrest 'opens old wounds' for families of victims killed in a C-130 crash caused by a worn propeller blade
▼ + stars: | 2024-07-15 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +7 min

A C-130 Hercules aircraft undergoes scheduled maintenance in a hangar at Robins Air Force Base. A C-130 flies above Robins Air Force Base in Georgia. US Air Force photo by Jamal D. SutterRetired Col. J.F. Advertisement"He was dedicated to what he did," Michael Lohrey said. When asked whether Fisher's arrest feels like justice at all, Michael Lohrey said, "Absolutely not."

Persons: —, Michael, Teresa Lohrey, Ryan Lohrey, Military.com, Teresa, We're, James Michael Fisher, Fisher, Joseph Mather, Kelsey McCarty, McCarty, Greg Feith, Jamal D, Sutter, J.F, Joseph, Caine, Sean E, Mark, Brendan C, Johnson, Joshua M, Snowden, Julian M, Owen J, Lennon, Cpl, Daniel I, Collin J, Schaaff, Robert H, Cox, William J, Chad E, Jenson, Talon, Leach, Joseph J, Murray, Dietrich, Michael Lohrey Organizations: Service, KC, 130T, Marines, Business, Air Force, Robins Air Force Base, US Air Force, Aviation, National Transportation Safety, Marine Corps, Lohrey, Elliott, Hopkins, Staff Locations: Mississippi, Georgia

☆ Stocks have been quick to price in Trump policy agenda, says Michael Farr
▼ + stars: | 2024-07-15 | 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 EmailStocks have been quick to price in Trump policy agenda, says Michael FarrMichael Farr, president and CEO of Farr, Miller and Washington, and Jamie Cox, managing partner of Harris Financial Group, join CNBC's 'The Exchange' to discuss how the election is impacting markets, potential economic outcomes in Trump and Biden administrations, and more.

Persons: Michael Farr Michael Farr, Farr, Miller, Jamie Cox, CNBC's Organizations: Harris Financial Group, Trump, Biden Locations: Washington

☆ Americans are buying more Kei trucks from Japan. Is it a sign of a growing “tiny truck” movement?
▼ + stars: | 2024-07-14 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

CNN —Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. Instagram page Kei Trucks Appreciation Society (@keitrucksas) sells Kei truck-themed merchandise from hoodies to stickers and posts memes for its more than 95,000 followers. On X, Kei truck fans share pictures of mini trucks they spot in the wild. Most states lack Kei-specific regulation entirely, and so far, only 19 states allow Kei trucks on public roads. And data from Edmunds showed that Americans were trading in more midsize and large pickup trucks for compact trucks than vice versa.

Persons: Kei, ”, George Zotos, Bill Pugliano, Zotos, Tetsu Ichino, “, I’ve, it’s, Andrew O’Bright, Kei truck’s, ” Zotos, Melissa Torre, Torre, Mark Schirmer, Mercedes ’ Smart, ” Schirmer, Ford, Edmunds, Ivan Drury, Drury, ’ Organizations: CNN, Ford, Silverado, American International Detroit Auto, Research, JDM Imports, Philadelphia, Torre, Daihatsu, Cox Automotive, Mercedes, Benz, Insurance Institute for Highway Safety, Ford Maverick, Hyundai, Hyundai Santa Cruz Locations: Japan, New York, Detroit , Michigan, Rockville , Maryland, Maryland, Chicago, Kei, U.S, Hyundai Santa

☆ A teacher who hoped to take a break this summer is working 3 jobs instead. She explains what she's using the money for.
▼ + stars: | 2024-07-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Rebecca Cox, 27, hoped to take a summer break following her first year as a full-time fifth-grade teacher in Kentucky. Instead of taking a vacation, Cox has been working different gigs this summer, attending trainings, and decorating her classroom. Other young teachers like Cox take on summer jobs. AdvertisementCox is putting the money from her summer jobs toward savings and classroom items. What does your pay look like as a teacher, or are you working multiple jobs as a teacher or in a different job?

Persons: Rebecca Cox, Cox, school's, we're, she's, I'm Organizations: Service, Business, Pew Research Locations: Kentucky

☆ Inflation falls 0.1% in June from prior month, helping case for lower rates
▼ + stars: | 2024-07-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The monthly inflation rate dipped in June, providing further cover for the Federal Reserve to start lowering interest rates later this year. The all-items index rate fell from 3.3% in May, when it was flat on a monthly basis. The annual increase for the core rate was the smallest since April 2021. A 3.8% slide in gasoline prices held back inflation for the month, offsetting 0.2% increases in both food prices and shelter. Housing-related costs have been one of the most stubborn components of inflation and make up about one-third of the weighting in the CPI, so a pullback in the rate of increase is another positive sign.

Organizations: Federal Reserve, Labor Department, Bureau of Labor Statistics, CPI Locations: U.S

☆ Fed Chair Powell says holding rates high for too long could jeopardize economic growth
▼ + stars: | 2024-07-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee hearing on the "Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., March 6, 2024. Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth. Setting the stage for a two-day appearance on Capitol Hill this week, the central bank leader said the economy remains strong as does the labor market, despite some recent cooling. Powell cited some easing in inflation, which he said policymakers stay resolute in bringing down to their 2% goal. The commentary coincides with the approaching one-year anniversary of the last time the Federal Open Market Committee raised benchmark interest rates.

Persons: Jerome Powell, Powell Organizations: Financial, Federal Locations: Washington , U.S

☆ Watch Fed Chair Jerome Powell testify live before Senate banking panel
▼ + stars: | 2024-07-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy. With the Fed still on hold regarding interest rates, Powell's remarks will be scrutinized closely for hints about what it will take to start easing. In his most recent remarks, Powell said he and his colleagues "want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening policy." Powell will continue his testimony Wednesday before the House Financial Services Committee.

Persons: Jerome Powell, Powell's, Powell, Humphrey, Read, it's Organizations: Senate, Committee, Financial Services, CNBC, YouTube

☆ Tesla’s Share of U.S. Electric Car Market Falls Below 50%
▼ + stars: | 2024-07-09 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

Tesla’s once-commanding share of the market for electric vehicles in the United States slipped below 50 percent in the second quarter of the year even as sales of battery-powered cars surged to a record, according to new estimates published Tuesday by a research firm. It was the first time the company’s market share fell below 50 percent in a quarter, according to Cox. The firm, a leading auto industry researcher, estimates market share based on registrations, company reports and other data. Before that car, very few electric vehicles were sold in the United States. A year earlier, electric vehicles accounted for 7.2 percent of the market, Cox said.

Persons: Tesla’s, Elon Musk, Cox, Tesla Organizations: General Motors, Ford Motor, Hyundai, Kia, Cox Automotive Locations: United States

☆ Beware, Elon Musk — BYD just took its next step toward world domination
▼ + stars: | 2024-07-09 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Business Insider contacted BYD for comment but didn't immediately hear back. Turkey is part of the EU's Customs Union, and any BYD cars manufactured there could avoid the 17.4% additional tariff the EU slapped on BYD vehicles imported from China. Plans by Chinese EV giants BYD, MG, and Chery to build factories in Mexico have sparked concern among US officials over fears they could be used as a "backdoor" into the US market.

Persons: —, Elon, Mehmet Fatih, BYD, didn't, It's, Philip Nothard, Nothard, Elon Musk, Tesla Organizations: Service, Business, Union, EV, EU's Customs Union, BYD, Chery, Cox Automotive Locations: Turkey, Europe, China, Mexico, Germany

A CNN investigation found that Airbnb consistently fails to protect its guests despite knowing hidden cameras are a persistent concern within its industry. Video Ad Feedback A woman describes the moment she realized her Airbnb host had placed a hidden camera in her room. And, while hotels can be held legally responsible for guests harmed on their property, Airbnb frequently is not. In January, CNN began reaching out to former Airbnb employees to ask about hidden camera concerns within the industry. “Less than a month for every victim,” said Wyzynajtys, the guest who found Allee’s hidden camera.

Persons: Airbnb, ”, Brian Chesky, Chloe LeBrument, “, LeBrument, … it’s, Bianca Zuniga, Goldwater, “ I’ve, Comfort , Texas David Wyzynajtys, Airbnb’s, Wyzynajtys, ” Wyzynajtys, David Wyzynajtys, Austin Steele, CNN Wyzynajtys, Jay Allee, Allee, –, Vrbo, CNN Allee, Butch Matjeka, ” Matjeka, Kim van Sparrentak, Murray Cox, Cox, Shannon Schott, “ They’re, They’re, ” Schott, Jan Schakowsky, Kyung, ’ Allee, didn’t, Airbnb superhost Peter Madden, Madden, he’d, “ I’m, ” Madden, undressed, Patricia DiCarlo, Matt Lait, Logan Whiteside, Yahya Abou, Ghazala Organizations: CNN, Social, ” CNN, Hyatt Hotels Corporation, Marriott International, Ontario Airbnb, Police, Sheriff’s, European Union, EU, Communications, Facebook, Illinois, Democratic, Airbnb’s San, Attorney, Westbrook Police, Vrbo Locations: Texas, San Francisco, London , Ontario, Ontario, Comfort , Texas, Jay Allee Kendall, Allee’s, California, Kendall, Allee, United States, New York, York, Florida, Airbnb’s, Airbnb’s San Francisco, Chesky, Melbourne, Australia, Maine, Cumberland County

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