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☆ Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory
▼ + stars: | 2024-03-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory. Currency-neutral sales in North America are expected to decline to a mid-single-digit rate in 2024, but are projected to notch mid-single-digit growth worldwide despite persistent "macroeconomic challenges and geopolitical tensions," the company said. For the fourth quarter, the company posted an operating loss of 377 million euros. "Despite losing a lot of Yeezy revenue and a very conservative sell-in strategy, we managed to have flat revenues. We expected to have a substantial negative operating result, but achieved an operating profit of €268 million."

Persons: Ye, Bjørn Gulden, Yeezy Organizations: Adidas, Kanye, adidas Locations: North America, U.S

☆ Neil Young announces return to Spotify after Joe Rogan boycott
▼ + stars: | 2024-03-13 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Neil Young attends a press conference for Farm Aid 34 at Alpine Valley Music Theatre on September 21, 2019 in East Troy, Wisconsin. Neil Young on Wednesday said his music will return to Spotify , just over two years after he and other artists removed their catalogues from the music streaming platform amid a vaccine disinformation dispute. Spotify announced a multi-year deal with Rogan last month that removed its exclusivity, meaning "The Joe Rogan Experience" will return to platforms, including Apple Podcasts, YouTube and Amazon Music. Young previously said Spotify accounted for 60% of his global streaming revenue, prior to his departure. The move placed Spotify in a position to choose between numerous legendary musical figures and the controversial but hugely popular Joe Rogan podcast, which was its most streamed show in 2023.

Persons: Neil Young, Joe Rogan, Young, Rogan, Joni Mitchell, India Arie, Crosby, Stills, Nash, Daniel Ek Organizations: Farm, Valley Music Theatre, Spotify, CNBC, Apple, Amazon, Horse Locations: East Troy , Wisconsin, American

☆ A New Surge in Power Use Is Threatening U.S. Climate Goals
▼ + stars: | 2024-03-13 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +14 min

Nathan Howard for The New York TimesIn California, electric vehicles could soon account for 10 percent of peak power demand. AP Photo/Mike StewartIn interviews, utility executives say gas is needed to back up wind and solar power, which don’t run all the time. Gas plants can sometimes be easier to build than renewables, since they may not require new long-distance transmission lines. “It’s going to take a diversified fleet.”Mr. Mitchell noted that Georgia Power was planning a large build-out of solar power and batteries over the next decade and would offer incentives to companies to use less power during times of grid stress. The tech companies and manufacturers that are driving up electricity demand could also play a major role, experts say.

Persons: ”, Daniel Brooks, Nathan Howard, Lauren Justice, Biden’s, “, Tyler H, Norris, Mr, John Wilson, Ken Seiler, Seiler, Devin Hartman, Duke, Kendal Bowman, Duke Energy’s, it’s, we’ve, Georgia Power, It’s, Greg Buppert, Megan Varner, Mike Stewart, Aaron Mitchell, “ It’s, Mitchell, Heather O’Neill, Brian Janous Organizations: Electric Power Research Institute, The New York Times, Duke University, Biden, Utilities, North American Electric Reliability Corporation, Boston Consulting, Dominion Energy, Nationwide, R Street Institute, The New York Times Soaring, Duke Energy, Georgia, Southern Environmental Law Center, AP, Dominion, Georgia Power, Advanced Energy, Microsoft Locations: America, California, Virginia, Georgia, North Carolina, South Carolina , Tennessee, Kansas, Northern Virginia, Arizona, Texas, Illinois, New Jersey, York City, PJM, “ Texas, Ashburn, Va, Dalton , Ga, Dalton, Duke

Asian productions or nominees with a predominantly Asian cast have been making headway at the Academy Awards in recent years. South Korean thriller “Parasite” made history in 2020 as the first non-English language movie to win best picture, alongside three further awards. "The Boy and the Heron" producer Toshio Suzuki speaks at a news conference in Los Angeles on March 11, 2024. Patrick T. Fallon/AFP/Getty ImagesFor others, the award offered Japan a boost after a rough start to the year. Kelts, the Japan-based author, said the second Oscar win showed the Academy had recognized Miyazaki’s artistic genius and that Japanese animation is far from solely entertainment.

Persons: CNN —, Hayao Miyazaki, ”, Huy Quan, Malaysia’s Michelle Yeoh, Heron ”, Ghibli’s, “, Roland Kelts, Miyazaki, Richard Harbaugh, Toshio Suzuki, ‘, ’ Suzuki, Suzuki, ” Suzuki, Richard A, Brooks, Tatsuji Nojima, “ Oscar, Takashi Yamazaki, Fumio Kishida, Yamazaki, ” Kishida, Hideaki Omura, Godzilla’s, Chris Hemsworth, Anya Taylor, Joy, Patrick T, Fallon, Kelts Organizations: CNN, Academy, Sony Pictures, Culture, Oscar Academy, Ghibli, Japan’s, NHK, Getty, Japan, Sunday, Gov, Hollywood, American, Waseda University Locations: Japan, America, Vietnam, ” Tokyo, Hollywood, Los Angeles, AFP, Aichi prefecture, Miyazaki, Japanese, Ishikawa, Tokyo

☆ Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more
▼ + stars: | 2024-03-11 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Oracle — The database software stock surged about 10% in extended trading after fiscal fourth-quarter results topped analysts' earnings estimates. Vail Resorts — Shares of the ski resort operator fell more than 3% after its latest quarter missed estimates on the top and bottom lines. Vail also cut its full-year guidance amid lower snowfall across Western North American resorts through January. Asana — Shares of the work management platform rose slightly in after-hours trading after fiscal fourth-quarter results topped estimates. A sign is posted in front of the Oracle headquarters in Redwood Shores, California, on March 11, 2024.

Persons: Vail, Asana, Dan Loeb's, Justin Sullivan Organizations: Vail, Advance, Oracle Locations: Redwood Shores , California

☆ Meet the heavy metal-drumming CEO bringing back cheap transatlantic travel, and learning from the mistakes of his airline's failed predecessors
▼ + stars: | 2024-03-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

Birgir Jónsson is the CEO of Play, an Icelandic airline offering cheap transatlantic flights. Jónsson told BI how Play keeps costs low, and how important volcanoes are to Icelandic tourism. From 2014 to 2015, he was the deputy CEO of Wow Air, an Icelandic ultra-low-cost carrier that went bankrupt in 2019. AdvertisementHis foray into the sector began as CEO of Iceland Express, which was acquired by Wow. While other airlines had to avoid the country's airspace — lengthening journey times — Play got planes at discount prices.

Persons: —, Jónsson, Icelandair, it's, York's, New Orleans —, Etienne De Malglaive, Los Angeles —, They're Organizations: Jónsson, Service, Wow, Iceland Express, Icelandic Post, Southwest, Ryanair, York's Stewart, Airbus, North, British Airways Flight, Nasdaq, Russia Locations: Icelandic, Europe, New York, London, Reykjavík, Romanian, Manhattan, Iceland, New Orleans, Eyjafjallajökull, India, Los Angeles, California, Dubai, Russia

☆ China's BYD is the world's biggest electric car maker — but it's not coming to America anytime soon
▼ + stars: | 2024-03-09 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Read previewJapanese and Korean carmakers cracked the US market long ago — but don't expect Chinese EV seller BYD to repeat that feat. Advertisement"It'd be very difficult for a Chinese EV maker to enter the US market," Seth Goldstein, an equity strategist at Morningstar, told Business Insider. The bill, a key part of US President Joe Biden's economic agenda, offers tax credits worth up to $7,500 for EV makers, excluding any "Foreign Entity of Concern." BYD isn't the only company turning its back on the US EV market. Given that EV sales growth is stalling in US, it's perhaps little wonder companies like BYD are not too bothered.

Persons: —, There's, Tesla, We're, Stella Li, BYD, Seth Goldstein, I'm, Suzuki, Jim Farley, Will Roberts, Goldstein, Roberts, Joe Biden's, Joe Biden, Demetrius Freeman, Rho Motion's Roberts, you'd, Li, carmakers Organizations: Service, Yahoo Finance, Business, Morningstar, Toyota, Motors, Nissan, Mazda, Lexus, Honda, Mitsubishi, Korea's Hyundai, Kia, North, Ford, EV, Rho, Energy, Treasury, Washington Post, Cox Automotive, Apple Locations: Korean, North America, —, China, North American, Russia, Iran, North Korea, Brazil, Thailand, Americas, Asia, South America

Opinion SoleAuthority Forty-five feet underground in a command center near Omaha, there’s an encrypted communications line that goes directly to the American president. Buried below is a military command headquarters constructed in case of a missile attack amid a national emergency. Yet regardless of who wins this election, or the next one, the American president’s nuclear sole authority is a product of another era and must be revisited in our new nuclear age. The jet’s crew can contact the president, verify his or her identity and relay a nuclear attack order to bomber squadrons, submarines and intercontinental ballistic missile silos. It is, however, unacceptable for an American president to have the sole authority to launch a nuclear first strike without a requirement for consultation or consensus.

Persons: —, Anthony Cotton, Biden, Donald Trump, Harry Truman, Truman, Truman’s, Jake Sullivan, ” Mr, Sullivan, “, Richard Nixon, wasn’t, Trump, Henry Kissinger, Nixon, Mark Milley, Nancy Pelosi, Bob Woodward, Robert Costa, Kissinger, Milley, Robert Kehler, Stratcom, Kehler, we’ve, That’s Organizations: U.S . Strategic Command, North American Aerospace Defense Command, NORAD, Joint Chiefs, Staff, American, White House, Strategic Command, White, North, Democrats, Chiefs, Air Force, Senate, U.S ., United Locations: United States, Omaha, U.S, America, Hiroshima, Nagasaki, Soviet, North Korea, Trump’s

☆ Enbridge CEO Greg Ebel sits down with Jim Cramer
▼ + stars: | 2024-03-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Enbridge CEO Greg Ebel sits down with Jim CramerEnbridge President and CEO Greg Ebel joins 'Mad Money' host Jim Cramer to talk raising its dividend, the future of the North American Industry, and more.

Persons: Greg Ebel, Jim Cramer Enbridge, Jim Cramer Organizations: North American Industry

☆ Promises Donald Trump has made so far in his campaign for a second term
▼ + stars: | 2024-03-06 | by ( Piper Hudspethblackburn | Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +17 min

Trump also said in that campaign video that he would cut funding for schools that teach critical race theory and gender ideology. Health careLast November, Trump promised to replace the Affordable Care Act, known colloquially as Obamacare, in a series of posts on Truth Social. Trump also vowed in a June 2023 campaign video to reinstate his previous executive order so that the US government would pay the same price for pharmaceuticals as other developed countries. The former president added in a campaign video that he would stop lobbyists and government contractors from pushing senior military officials toward war. We will reverse almost all of them,” Trump said in a campaign video.

Persons: Donald Trump, Joe Biden, Immigration Trump, Trump, ”, “, ” “ We’ll, ” Trump, Education Trump, Obamacare, Biden, ” “, Antonin Scalia, Samuel Alito, Clarence Thomas, ‘ Everybody’s, ’, ‘, he’s, Energy Trump, “ We’re, ” “ It’s, Equity “, CNN’s Tami Luhby, Kate Sullivan, Kristin Holmes Organizations: CNN, Republican, Immigration, Des Moines Register, ATF, FBI, DHS, Hamas, Department of Defense, Education, of Education, of Justice, Department of Education, Health, Trump, Democrats, Trump Administration, Justice, CIA, Department, U.S, Attorneys, Soros District, Marxist, National Guard, Department of Justice, NATO, Cities, Environmental Protection Agency, Energy, Trade, Trump Reciprocal Trade, Economy Trump, Black Conservative, Rifle Association, Legislative Action, Equity Locations: United States, Israel, America, United States of America, State, Washington , DC, Washington, NATO, American, South Carolina, Russia, Ukraine, New Hampshire, New, China, Michigan, Des Moines , Iowa

☆ Dartmouth basketball team votes to join the first college athletics union
▼ + stars: | 2024-03-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports. The team members voted 13-2 in favor of the union, according to the National Labor Relations Board, which oversees union representation votes for private employers. The affirmative vote does not automatically mean that there will be a union for members of the the team. Dartmouth has already indicated it will appeal the decision by the NLRB to recognize the players as employees who are eligible to join a union. They are among the best paid union members in the country.

Persons: Sian Beilock, CNN’s Poppy Harlow, Dartmouth “ Organizations: New, New York CNN, Dartmouth College men’s, National Labor Relations Board, Dartmouth, NLRB, Dartmouth men’s, Department of Education, National Collegiate Athletic Association, NCAA, National Basketball Association Locations: New York, America, American

☆ AC Milan: How this soccer team became a style success story
▼ + stars: | 2024-03-05 | by ( Daniel-Yaw Miller | ) edition.cnn.com time to read: +4 min

The Pleasures tie-up may have been a surprise to traditional soccer fans, but it was by no means an accident. AC Milan has pursued a number of partnerships — including tapping Off-White as its official “style and culture curator” — since its $1.2 billion acquisition by US investment firm RedBird Capital Partners in August 2022. AC Milan’s infiltration of fashion has gone further than any soccer team before, even France’s Paris Saint-Germain (PSG), which not so long ago was the favored sports collaborator of brands like Dior, Stüssy and Jordan. This gray varsity with Off White and AC Milan branding is sold out. Courtesy AC MilanUnlike PSG, AC Milan does not have the same kind of international stardom in its squad that automatically comes with cultural caché.

Persons: Kylie Jenner, Ib Kamara, ”, Germain, Stüssy, Lionel Messi, Neymar Jr, Kylian, Lauren Cochrane, “ It’s Organizations: The, Fashion, CNN, Milan, Napoli, Milanese, Los, Vogue Italia, RedBird Capital Partners, Saint, PSG, Dior, White, Milan AC Milan’s, Puma, Guardian Locations: Los Angeles, thoughtfully, Jordan, Italy

☆ Look closely: Tesla's video celebrating a Mustang EV using its Supercharger hides a potential pain point for other drivers
▼ + stars: | 2024-03-04 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

15,000+ Tesla superchargers available for non-Teslas with an adapter starting todayOn the downside: Did you catch it? Many automakers have switched to Tesla's charging technology over the past year. Tesla's charging network is one of its biggest advantages over EV rivals — from faster and more accessible charging stations to more amenities. Non-Tesla EV owners can charge at updated Superchargers that have a Magic Dock adapter. On Thursday, Tesla opened V3 chargers to Ford owners who can use a NACS adapter supplied by Ford, according to Tesla's website.

Persons: —, Tesla, Marques Brownlee, Brownlee, ITuxtLsDju — Marques Brownlee, Elon Musk Organizations: Service, Ford, Business, Ford EV, Tech, Tesla EV, EV, — Locations: New York

☆ The deep Biblical spirituality of Bob Marley’s music is being overlooked
▼ + stars: | 2024-03-03 | by ( John Blake | ) edition.cnn.com time to read: +15 min

They hiked, jet-skied and spent much of the time listening to Scott’s favorite musician, reggae superstar Bob Marley. He found refuge, though, in Marley’s music. “But Bob Marley’s music is what got us through. These Marley fans and scholars say it’s time to stop glossing over or editing out Marley’s “subversive spirituality.”“The Bible was as important to Marley’s music as his guitar,” MacNeil says. Actor Kingsley Ben-Adir, who plays Marley in "Bob Marley: One Love," attends the movie's premiere on January 23, 2024, in Kingston, Jamaica.

Persons: CNN — Dean MacNeil couldn’t, “, MacNeil, Scott, Bob Marley, ”, Marley, ” MacNeil, Bob Marley’s, Rita Marley, Kingsley Ben, Adir, Marcus Ingram, Matthew, Jesus, Luke, Vivien Goldman, Bob Dylan, Johnny Cash, Jimi Hendrix, Goldman, King James Bible, Judah, Haile Selassie I, Selassie, “ Jah, it’s, “ He’s, ” Rastafarians, Collin Reid, Adam Hochschild, ” Hochschild, Deepak Sarma, ” Marley, Marcus Garvey, Marley’s, didn’t, White, ” Marley didn’t, Jamaicia, Angela Weiss, Gibson Les Paul, John Lennon, John Blake Organizations: CNN, Time, BBC, Getty, Case Western Reserve University, National, Forbes Locations: Connecticut, Vermont, Jamaica, Kingston , Jamaica, America, Jerusalem, British, Ethiopia, “ Bury, United Kingdom, Jamacia, Ohio, ganja, Jamaican, Africa, Miami, Trench, Hollywood, Kingston

☆ Fishermen delivering possible spy balloon to FBI in Alaska
▼ + stars: | 2024-03-01 | by ( Katie Bo Lillis | Evan Perez | ) edition.cnn.com time to read: +3 min

CNN —Commercial fishermen off the coast of Alaska have found what officials are concerned could be another spy balloon and are bringing it to shore with them, three sources familiar with the matter told CNN. The existence of high-altitude surveillance balloons burst into US consciousness last year, when a Chinese spy balloon appeared to blow off course and transited across the continental US. The US assessed that the spy balloon was part of an extensive surveillance program run by the Chinese military, as CNN reported at the time. There were three additional shootdowns of unidentified high-altitude objects in the weeks following the Chinese balloon incident. NORAD later said in a statement that the balloon was “likely a hobby balloon” that posed no threat.

Persons: Biden, Trump, Glen VanHerck, CNN’s Hannah Rabinowitz Organizations: CNN —, CNN, FBI, Northern Command, North American Aerospace Defense Command, NORAD, Pentagon Locations: Alaska, Quantico , Virginia, China, Taiwan, Beijing, United, American

☆ Consumers fended off a recession — but keep spending like there's no tomorrow
▼ + stars: | 2024-02-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Read previewAmerican consumers have staved off a recession by relentlessly spending despite soaring inflation, surging interest rates, multi-industry turmoil, and wider economic jitters. AdvertisementBurry predicted that dwindling savings and ballooning debts would choke consumer spending, eroding corporate earnings and sparking a wider recession. That's going to lead to a retrenchment in consumer spending as we get into the new year." That "brings us just a little closer to the consumer recession that nobody believes is going to happen," he added. "With those sources of funding largely exhausted, consumer spending will no doubt grow more slowly than after-tax incomes in future years."

Persons: —, Here's, Michael Burry, Elon, Elon Musk, Spencer Platt, Carl Weinberg, David Rosenberg, Merrill Lynch, Rosenberg, Gary Shilling, Merrill Lynch's, who's, Shilling Organizations: Service, Business, Twitter, Scion Asset Management, Elon Musk, Getty, Rosenberg Research, North Locations: North American

☆ Holcim CEO: Created two champions to have stronger individual strategic priorities
▼ + stars: | 2024-02-28 | 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 EmailHolcim CEO: Created two champions to have stronger individual strategic prioritiesJan Jenisch, CEO of Holcim, weighs in on his firm's full-year earnings, a 1 billion Swiss franc share buyback program, and how the spinoff of its North American business will aid strategic aims.

Persons: Jenisch

☆ Jon Stewart says the Israel-Gaza solution could be a DMZ governed by an Arab NATO. Some experts say it's a pipe dream.
▼ + stars: | 2024-02-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

The DMZ would be enforced by an alliance of Arab countries, much like the North American Treaty Organization, Stewart said. While tongue-in-cheek, Stewart's solution isn't a new concept, experts on the Middle East told Business Insider. Advertisement"But really, Jon is conflating a Middle East 'NATO' with something else. Ironically, the very concept of the two-state solution could extend his political life, said Lord. "But only as part of a credible political process working toward a two-state solution, but unfortunately, this is something that the Israeli government rejects. "

Persons: Jon Stewart, Stewart, —, That's, let's, Jonathan Lord, Jon, Anna Jacobs, Jacobs, William Wechsler, Wechsler, It's, it's, Luiz Inacio Lula da Silva, Mohamed Chtatou, Chtatou, Israel, Weeks, Benjamin Netanyahu, Spencer Platt, Bibi, Mahmoud Abbas, Seth Wenig, Abbas, Lord Organizations: NATO, Service, American Treaty Organization, Treaty Organization, East, Business, Trump, East Strategic Alliance, Middle East Security, Center, New, New American Security, Getty, United, Rafik Hariri Center and Middle, Atlantic Council, United Nations, League, AFP, Mohammed V University, Palestinian Authority, West Bank, BI Locations: Israel, Gaza, Arab, Palestine, NATO, New American, Washington, DC, East, Iran, Gulf, Qatar, Belgium, Anadolu, United Arab Emirates, Morocco, Bahrain, Saudi Arabia, Jordan, Egypt, Rafik, United States, Cairo, Rabat, Europe, Korea, Palestinian

☆ Stocks making the biggest moves premarket: Unity Software, Cava, Zoom Video, Viking Therapeutics and more
▼ + stars: | 2024-02-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Unity Software — Shares tumbled 15% after the video game developer forecasted that adjusted EBITDA would come in below analysts' expectations for the current quarter. Analysts polled by FactSet had expected $113 million in EBITDA, while Unity is expecting only between $45 million to $50 million. Workday's adjusted earnings came in at $1.57 a share, higher than the $1.47 expected by analysts polled by LSEG. AutoZone's earnings of $28.89 per share topped the $26.28 per share analysts had anticipated, according to LSEG. The company's $3.85 billion revenue was also higher than the anticipated $3.84 billion.

Persons: FactSet, LSEG, CarGurus, they'll, AutoZone, EBITDA, Wells, — CNBC's Michelle Fox, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Unity, LSEG, FactSet, PPG, Barclays, PPG Industries, FDA Locations: EBITDA, Cava, Wells Fargo, U.S, Canada

☆ How Ford can challenge a powerful Chinese EV maker's potential entrance in the U.S.
▼ + stars: | 2024-02-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. Farley wants to be prepared even if the U.S. government were to step in to curtail Chinese automakers' access. Outlook Ford investors shouldn't be concerned in the short term since Chinese EV competitors won't enter the market overnight. To that end, a group of lawmakers has urged the White House to boost tariffs on Chinese vehicles and figure out a way to be "prepared to address the coming wave" of Chinese vehicles by way of U.S. other trading partners. The cost of production will become more efficient, resulting in a more competitive and hopefully profitable Ford EV product.

Persons: Forget Tesla, Jim Farley, BYD, Ford, Farley, —, Warren, Berkshire Hathaway, Morgan Stanley, I've, Tom Narayan, Stellantis, Narayan, Tesla, Jim Cramer, Jim, It's, RBC's Narayan, Ford's Farley, Wolfe, Jeff Windau, Edward Jones, shouldn't, Biden, Windau, doesn't bode, Jim Cramer's, Charly Triballeau Organizations: Nikkei, Wolfe Research, Ford, RBC Capital Markets, U.S, EV, Detroit, General Motors, Chrysler, Ford Blue, Ford Pro, Ford Model, CNBC, ICE, Ferrari, North, Outlook, Bloomberg, Ford EV, American EV, AFP, Getty Locations: U.S, Mexico, China, Europe, Indonesia, Hungary, Thailand, Inwood , New York

☆ China, Xi Jinping Plan to Crush Elon Musk, Tesla, and the US EV Industry
▼ + stars: | 2024-02-25 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

If China EV Inc. were allowed to enter the US today or next year, the legacies would be gutted." The year Musk tittered at the idea of Chinese EVs overtaking Tesla, the country produced only 5,000 electric cars. It has more trade barrier protection from a China Auto Inc. onslaught, but it may not work forever. AdvertisementWe want to maintain an auto industry in the US — that's essential for jobs, national security, and for other sectors of the economy. Sure, Chinese EV makers are lean and mean, but they've never had to deal with international markets before.

Persons: Elon Musk, Warren Buffett, Le, haven't, carmakers, Jim Farley, Tesla, Xi, Andy Wong, Xi Jinping, Li Auto, BYD, Trump, Mary Lovely, Joe Biden's, Biden, it's, Lovely, they've Organizations: Tesla, Bloomberg TV, America's, GM, Ford, Sino, EV, China EV Inc, ascendance, Chery, US, Chinese Communist Party, CCP, Companies, SAIC, Energy Department, China Auto Inc, Peterson Institute, United Auto Workers, White, Auto Locations: Chinese, China, Beijing, Japan, Europe, North America, Brussels, Washington, Hungary, Mexico, Canada, America

☆ Top Wall Street analysts pick these dividend stocks for enhanced returns
▼ + stars: | 2024-02-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

The Coca-Cola Company logo is being displayed at a New Year's fair in Kyiv, Ukraine, on December 31, 2023. Investors looking to enhance their portfolio returns can opt for a combination of growth and dividend stocks. Choosing the right dividend stock by analyzing multiple factors can be complex for investors. However, recommendations from analysts can help inform investors' research and guide them toward lucrative dividend stocks from companies with strong fundamentals. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance.

Persons: Wall, Nik Modi, Modi, TipRanks, Brian Bedell, mgmt, Bedell, Goldman Sachs, Neil Mehta, Hess, Mehta Organizations: Cola, RBC Capital, Owl, Deutsche Bank, Chevron Oil, Chevron, CNBC PRO Locations: Kyiv, Ukraine, Chevron, Kazakhstan

Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ They left the US for a new life abroad. Things didn’t all go to plan
▼ + stars: | 2024-02-24 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: trending flight routes around the world, the latest on Qantas’ record-breaking Project Sunrise, plus the Americans leaving the States behind for new lives overseas. She’s one of a number of influencers who’s struck a chord with people who love the fairytale fantasy of starting over with a new, better life. However, for the brave souls who take the plunge, things don’t always run smoothly or according to plan. But right now Death Valley National Park – the driest place in the country – is offering visitors a rare kayaking opportunity in a temporary lake in Badwater Basin.

Persons: “, ”, Kacie Rose Burns, who’s, skywatchers, you’re, Olivia, Noah, ” Expedia, there’s, There’s, Malcolm Park Organizations: CNN, Qantas, Expedia Group, Chicago, ”, Alaska Airlines, Ski Locations: America, United States, Italy, Chicago, Bahamas, North Carolina, Tennessee, Badwater Basin, North America, Los Angeles, Tokyo, Asia, Perth, Bali, Tampa, Toronto, Nevada, Australia, Sydney, New York, London, Montchavin, France

☆ MLS Season Pass: The world is obsessed with soccer. Can Apple make Americans love it too?
▼ + stars: | 2024-02-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

A centerpiece of that plan is “MLS Season Pass,” a sleekly designed streaming package that ditches the fragmentation other sports suffer from and lets fans stream globally every game — without blackouts — in the Apple TV app. The package costs $14.99 per month or $99 for the season and slightly less ($12.99 per month or $79 for the year) for existing Apple TV+ subscribers. “Once people tuned into the product, they were watching longer than our linear versions in past years,” Camilo Durana, executive vice president of MLS’ Apple partnership, properties and events, told CNN. On Wednesday, Apple released a new Sports app that shows live MLS scores and pushes people to watch them on “MLS Season Pass” on the Apple TV app. That matches a third-party report from analytics firm Antenna showing that “MLS Season Pass” was getting 6,000 new signups a day before Messi arrived but soared to 110,000 signups a day after he signed.

Persons: ” Sacha Kljestan, ” Kljestan, Kevin Egan, Andrew Wiebe, Kaylyn Kyle, Bradley Wright, Phillips, “, ” Camilo Durana, Maddie Meyer, Apple, Lionel Messi, Dre, Durana, Messi, It’s, Santosh Rao, ” Rao Organizations: New, New York CNN — Football, Major League Soccer, Apple, MLS, CNN, NFL, NBC, CBS, FOX, US, TSN, Columbus Crew, Inter Miami, Apple Music, Sports Business, Mobile, Manhattan Venture Partners, doesn’t Locations: New York, Spanish, Canada, Apple’s

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