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☆ The 2024 harvest moon is the 2nd supermoon and last lunar eclipse this year. Here's the best time to see it when it rises Tuesday.
▼ + stars: | 2024-09-15 | by ( Jenny Mcgrath | Jessica Orwig | ) www.businessinsider.com time to read: +5 min

The best time to watch the super harvest moon and partial lunar eclipseThe harvest moon is the full moon that occurs nearest to the first day of autumn. AdvertisementThe best time to catch any full moon, including the harvest moon, is right around moonrise. A full moon, also a harvest moon, rises past thunder clouds. Tuesday's partial eclipse is the last lunar eclipse of the year. The harvest moon is the second supermoon of 2024If the full moon looks larger than normal, that's because it is.

Persons: —, you'll, Mike Blake That's, moonrise, Noah Petro, Marcos del Mazo, Larry Wasserman Organizations: Service, Business, NASA, Chicago, Houston, Goddard Space Flight, Lowell Observatory, Anadolu Locations: moonrise, New York, Los Angeles, North America, South America, Europe, Africa, Arizona

☆ Why finding a job is so awful right now
▼ + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.

Persons: —, David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon

☆ New high yield funds are hitting the market as Fed prepares to cut interest rates
▼ + stars: | 2024-09-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The firm launched two high yield ETFs on Thursday, aimed at different sections of the high yield market: the Columbia U.S. High Yield ETF (NJNK) and Columbia Short Duration High Yield ETF (HYSD) . The state of high yield So far this year, high yield debt is outperforming the bond market as a whole. The biggest high yield index ETF, the iShares Broad USD High Yield Corporate Bond ETF (USHY) , has returned 7.2% year to date, compared with 4.9% for the firm's Core U.S. High yield when rates fall When market interest rates go down, the price of long-term bonds tends to rise. Some other recent examples include the BlackRock High Yield ETF (BRHY) and the AB Short Duration High Yield ETF (SYFI) .

Persons: Marc Zeitoun, Zeitoun, Dan DeYoung, Columbia Threadneedle, That's, DeYoung, NJNK, Kris Keller, Keller Organizations: Columbia, Columbia U.S, Federal Reserve, firm's, Aggregate Bond, Morningstar Locations: America, Treasurys, BlackRock

☆ GM folding its all-electric BrightDrop vans into Chevrolet brand
▼ + stars: | 2024-08-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles. It helps our customers that choose to go into EVs to easily do so working with the Chevrolet dealer they know and trust now for their other fleet needs." The number of new dealers will be based on the amount that decide to opt in to selling and servicing the vans. To sell commercial EVs, dealers must have specific vehicle lifts, service bays and employee training, among other things. GM declined to disclose the average cost for a dealer to become certified to sell the BrightDrop products, citing expenses will vary based on the store.

Persons: Sandor Piszar, It's Organizations: DETROIT, Motors, Chevrolet, GM, CNBC Locations: U.S, North America, EVs

☆ Bank of America Poonawala talks impact of rate cuts on the banking sector
▼ + stars: | 2024-08-23 | 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 EmailBank of America Poonawala talks impact of rate cuts on the banking sectorEbrahim Poonawala, Bank of America Securities Head of North American Banks Research, joins 'Closing Bell Overtime' to talk a possible dovish pivot from the Fed and the impact of the financial sector.

Persons: Ebrahim Organizations: Email Bank of America, Bank of America Securities Head, American Banks Research, Fed Locations: Ebrahim Poonawala

☆ Mars to acquire Cheez-It, Pringles-maker Kellanova in $36 billion deal
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +2 min

Family-owned candy giant Mars, whose brands include M&M's and Snickers, said on Wednesday it would buy Cheez-It and Pringles maker Kellanova in a nearly $36 billion deal, making it the biggest deal in the packaged food industry. Mars will pay $83.50 per share in an all-cash deal for Kellanova, representing about a 33% premium to Kellanova's close on Aug. 2, before Reuters first reported that Mars was exploring a deal for the Pringles maker. Kellanova, which split from WK Kellogg last October, is rooted in a salty snacks business and sells cereal outside of North America. WK Kellogg was left with the North American cereal business of Kellogg, the original parent company. Kellanova logged net sales of more than $13 billion in 2023.

Persons: Mars, Kraft Heinz, Mondelez, Rice Krispies, Andrew Clarke, WK Kellogg, Kellogg Organizations: Diamond Foods Inc, Procter & Gamble Co, Kellanova, Reuters, Wrigley, Global, Street Journal Locations: San Francisco , California, Kellanova, Hershey, Chicago, North America

☆ 20 vintage photos of Alaska from before it became a state
▼ + stars: | 2024-08-09 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Critics called the transaction "Seward's Folly" after William Seward, the US secretary of state. Alaska was officially made the 49th state in January 1959. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Russia began colonizing Alaska and other parts of North America in the late 1700s, establishing Russian America and making money off the fur trade.

Persons: Critics, William Seward, — Organizations: Service, Business Locations: Alaska, Russia, North America, Asia, Russian America

☆ There are cracks forming in the US jobs market
▼ + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, ” Locations: Oxford

☆ Fed Chair Powell just said the labor market is getting vulnerable. Friday’s jobs report could prove why
▼ + stars: | 2024-08-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.

Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, ’, “, ”, —, Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, ” Locations: Oxford

☆ Here's why Amazon's messy second quarter doesn't change our outlook on the stock
▼ + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

With AWS humming and management identifying more ways to lower its cost to serve, Amazon's profitability story is still intact. Olsavsky said the profitability of North America stores improved quarter over quarter, driven by further improvements in its cost to serve. The company expects net sales of $154 billion to $158.5 billion, an increase of 8% to 11% year over year. The high end of guidance captures the consensus of $158.2 billion, but it's a miss on the analysts' consensus of $156.25 billion. Management expects operating income of $11.5 billion to $15 billion, which at a midpoint of $13.25 billion misses the consensus of $15.34 billion.

Persons: hasn't, Andy Jassy, Jassy, There's, Brian Olsavsky, Olsavsky, it's, Jim Cramer's, Jim Cramer, Jim, Michael Kappeler Organizations: Revenue, LSEG, Walmart, Target, Microsoft, Web Services, AWS, North, Amazon, Management, CNBC, Getty Locations: North America, Manhattan

☆ To woo investors, hedge funds are reviving a strategy left for dead post-crisis — supercharged index investing
▼ + stars: | 2024-08-01 | by ( Alex Morrell | ) www.businessinsider.com time to read: +12 min

Read previewFaced with higher rates and a daunting fundraising climate, hedge funds are wooing investors with a seemingly antithetical pitch: index investing with a twist. Hedge fund industry insiders are abuzz right now about "portable alpha," a blast-from-the-past strategy that's undergoing a revival. According to the Morgan Stanley white paper, it can take on a variety of forms, including "dedicated portable alpha funds, portable alpha share classes, portable alpha feeder funds and other solutions." Advertisement"It's a nice way of smuggling hedge funds into your portfolio if you're an allocator," said Jon Caplis, CEO of hedge fund research firm PivotalPath. He said much of the industry still hasn't woken up to the appetite for portable alpha solutions and the potential boon to hedge funds.

Persons: —, punchier, Kim Shaw, Morgan Stanley, There's, Shaw, Penny Novick, Morgan, Novick, Bill Gross, Myron Scholes, PIMCO's, Roark Stahler, Jon Caplis, Russell, PIMCO, Sabrina Callin, Brian Payne, Payne, Caplis, hasn't Organizations: Service, Trading, Business, Man, CME Group, BlackRock, Barclays, Russell Investments, Institutional, State, Investor, BCA Research, Teachers, Investors Locations: Winton, American, Illinois

☆ 'Gaining share': Here's what Wall Street expects from Amazon's 2nd-quarter earnings
▼ + stars: | 2024-07-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

Wall Street expects the retail giant to report adjusted earnings per share of $1.47 in the quarter and revenue of $148.78 billion, according to data from Bloomberg. Here's what Wall Street expects from Amazon's upcoming second-quarter earnings report. While the US consumer is showing signs of softening, the bank expects Amazon's retail unit to be a beneficiary from the current economic environment. "AWS sales, in constant currency, may meet consensus' high-teens view," Bloomberg Intelligence said. AdvertisementThe analysts also said Amazon's advertising revenue could continue to grow at a "20%-plus pace as Amazon takes market share."

Persons: —, Wall, Goldman Sachs, Amazon's, Rufus Organizations: Service, Bloomberg, Business, Bank of America, of America, 1Q, " Bank of America, Citi, Amazon, 2Q, JPMorgan, Bloomberg Intelligence Locations: America, North America

☆ Starbucks revenue misses estimates as same-store sales decline for second straight quarter
▼ + stars: | 2024-07-30 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

The company's same-store sales fell 3% in the quarter, fueled by a 5% decline in transactions. Domestic same-store sales fell 2%, boosted by an increase in average ticket. Outside of North America, same-store sales slid 7%. In China, Starbucks' second-largest market, same-store sales tumbled 14% as both average ticket and transactions shrank. Last quarter, Starbucks slashed its forecast, projecting revenue growth of a low single-digit percentage and earnings per share growth in a range of flat to a low single-digit percentage.

Organizations: Starbucks, LSEG Locations: North America, China

☆ Generative AI requires massive amounts of power and water, and the aging U.S. grid can't handle the load
▼ + stars: | 2024-07-28 | by ( Katie Tarasov | ) www.cnbc.com time to read: +4 min

Katie TarasovChasing powerThere are more than 8,000 data centers globally, with the highest concentration in the U.S. And, thanks to AI, there will be far more by the end of the decade. Boston Consulting Group estimates demand for data centers will rise 15%-20% every year through 2030, when they're expected to comprise 16% of total U.S. power consumption. Tench said Vantage's data centers typically have the capacity to use upward of 64 megawatts of power, or as much power as tens of thousands of homes. And as we think about AI applications, those numbers can grow quite significantly beyond that into hundreds of megawatts," Tench said . Vantage Data Centers is expanding a campus outside Phoenix, Arizona, to offer 176 megawatts of capacity Vantage Data CentersHardening the gridThe aging grid is often ill-equipped to handle the load even where enough power can be generated.

Persons: Katie Tarasov, they're, OpenAI's ChatGPT, Jeff Tench, Tench, there's, Shaolei Ren, Rahul Chaturvedi, Chaturvedi, ChatGPT Organizations: Boston Consulting, CNBC, Vantage, North, University of California, U.S Locations: Santa Clara , California, U.S, Silicon Valley, North America, Northern California, Ohio , Texas, Georgia, Phoenix , Arizona, Riverside, Virginia, San Diego

☆ Breaking in New Sports at the Olympics
▼ + stars: | 2024-07-25 | by ( Photographs Philip Montgomery | Text Sam Anderson | ) www.nytimes.com time to read: +6 min

Breaking Into the Olympics Breaking, sport climbing and skateboarding may seem untraditional, but they embody the true spirit of the games. >> Top: Sunny Choi, who will compete in breaking, quit her corporate job to focus on the Games. Bottom: Victor Montalvo’s signature breaking moves include the back flip into flare and the Super Montalvo. Here in 2024, the Games have added multiple new events, including breaking — popularly known as break dancing — and kayak cross. >> Sport climbing is broken into three formats: speed; bouldering (shorter climbs); and lead, which requires ropes and harnesses.

Persons: you’re, Kronos, Sunny Choi, Victor Montalvo’s, Super Montalvo, “, ”, Stephen Miller, Kroton, Colin Duffy, let’s, Paige Heyn Organizations: Olympic, Super, Wrestling, Boxing Locations: England, North America, Madagascar, Greece, —, Athens

☆ Major players in U.S. supply chain seek new approach to shipping legislation
▼ + stars: | 2024-07-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Labor unions, maritime shipping interests and other supply chain businesses have formed a new trade group to push for more domestic infrastructure investment to safeguard the supply chain. "We are bringing the links of the supply chain together," said Josh Wood, CEO of the Supply Chain Council. "We will be championing legislation to strengthen supply chain resiliency and jobs." Wood said that before Covid, supply chain segments were most often viewed independently, and the need to focus on interconnectedness of freight segments has continued to increased with the supply chain experiencing major headwinds. One of the contentious aspects of a strong supply chain is the introduction of automation.

Persons: Johnson, Josh Wood, Wood, There's, Steven Hussain, Hussain, Josh LaFarga, LaFarga, It's, Harold J, Daggett Organizations: Labor, Chain Council, Johnson Controls, Northern Rail Company, SSA Marine, International Union of, Pacific Merchant Shipping Association, Prologis, Community Relations, CNBC, Southern, Workers, Longshoremen's Association, Gulf Ports, United States Maritime Alliance Locations: Prologis, International Union of North America, Panama, Southern California, East Coast, Gulf, United States

☆ I've traveled to all 50 states, but there's only one I'd choose to live in every time
▼ + stars: | 2024-07-19 | by ( Emily Hart | ) www.businessinsider.com time to read: +5 min

Since then, I've traveled to all 50 states solo, and although I've found beauty in all corners of the United States, I haven't felt a desire to move anywhere else. I love visiting Great Sand Dunes National Park, which is home to the tallest sand dunes in North America, and Colorado National Monument, which has a Utah-like red-rock canyon landscape. Colorado is home to four major national parks, including Great Sand Dunes. Great Sand Dunes is home to the tallest sand dunes in North America, Black Canyon of the Gunnison has some of North America's steepest cliffs, and Mesa Verde preserves the cliff dwellings and rich history of the Ancestral Puebloan people. Colorado wine country offers a surprising array of world-class wines with incredible mountain backdrops that I love to visit.

Persons: —, I've, I'm, Emily Hart Colorado, what's, Emily Hart Organizations: Service, Colorado —, Business, Rockies, Sand, Rocky, West Elks, Viticultural Area Locations: Illinois, Louisiana, Colorado, Denver, United States, North America, Utah, Colorado Colorado, Utah , Wyoming , Idaho, New Mexico , Arizona, Montana, . Colorado, Gunnison, North, Mesa Verde, Napa, Palisade

☆ ‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say
▼ + stars: | 2024-07-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Maskot | Maskot | Getty ImagesBuying a new electric vehicle isn't the only way consumers can access a $7,500 federal EV tax credit. Perhaps the best known of them — the "new clean vehicle" tax credit — is a $7,500 tax break for consumers who buy a new EV. But many auto dealers are also passing along a $7,500 tax break to lessees, via a different (and, experts say, lesser-known) mechanism called the "qualified commercial clean vehicles" tax credit. This EV tax credit "leasing loophole" has likely been a key driver of increased leasing uptake in 2024, Barclays auto analysts said in an equity research note published in June. The $7,500 tax credit enables dealers to charge low monthly payments for leases, thereby helping "stoke demand" for EVs, Barclays wrote.

Persons: Joe Biden, —, Dealers aren't, Ingrid Malmgren, Hyundai Kia, Brian Moody, Autotrader, Moody, Malmgren Organizations: Maskot, Barclays, U.S . Treasury Department, Plug, stoke, EVs, Foreign, Toyota, Hyundai, EV, Consumers Locations: U.S, Asian, North America

☆ Giant armadillo fossil reveals humans were in South America a surprisingly long time ago
▼ + stars: | 2024-07-17 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

Instead, the team determined that the shape of the cut marks was consistent with those made by stone tools. “The cut marks were not randomly distributed but focused on those skeletal elements that harbored large muscle packs like the pelvis and the tail,” he said. A detailed examination of cut marks on the fossils revealed they were made by stone tools in a deliberate sequence. Along with three perforated giant sloth bones found in Brazil that archaeologists believe humans used as pendants 25,000 to 27,000 years ago, the butchered armadillo bones suggest that humans were in South America a surprisingly long time ago. “Until recently, the traditional model indicated that humans entered the continent 16,000 calendar years ago,” he said.

Persons: CNN —, —, ”, Miguel Delgado, ” Delgado, Delgado, Miguel Eduardo Delgado et, “, paleoanthropologist Briana, Pobiner, wasn’t Organizations: CNN, National University of La, Smithsonian National Museum of, North Locations: what’s, Argentina, Americas, National University of La Plata, Buenos Aires, Merlo, Washington ,, North, South America, Africa, New Mexico, North America, New York City, Cincinnati, Des Moines , Iowa, Asia, Alaska, Brazil

☆ An options trade that wins if the worst is mostly over for this struggling trucking stock
▼ + stars: | 2024-07-11 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Here I'll break down a nuanced options trade for on a transportation stock reporting next week. JB Hunt Transport Services, Inc . Unfortunately, this has been the case for JB Hunt lately. While I'm not prepared to call for a stellar quarter - economic pressures generally don't resolve quickly - much of the near-term damage may be done. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: you've, JB Hunt, Hunt, I'm Organizations: JB, Transport Services, Inc, CNBC, NBC UNIVERSAL Locations: you've, North America's, Lowell , Arkansas

☆ This utility is one of the best performing stocks in the market with room for more AI demand upside
▼ + stars: | 2024-07-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

A Texas-based power company that only joined the S & P 500 two months ago is the third-best performing stock in the index this year, boosted by the same demand for everything connected to artificial intelligence. Fast forward to today and Vistra stock has soared 139% this year, adding $18.5 billion to its market cap, which now totals $32 billion, according to FactSet data. "We are always surprised when you see a move the size that we've seen, but I think it's been a long time building," Jim Burke, CEO of Vistra, told CNBC's "Closing Bell" Tuesday. Vistra also owns nuclear power plants, one of the most in-demand power sources in the 2024 market because reactors burn no fossil fuel and emit no greenhouse gases . Guggenheim has a buy rating on Vistra stock with a price target of $133, implying 44% upside from Wednesday's close of $92.31.

Persons: Jim Burke, CNBC's, we've, Burke, Vistra, Shahriar Pourreza, Pourreza, they'll, Guggenheim, Vistra hasn't, Mark Nelson, Joseph Dominguez, Constellation's, aren't Organizations: Vistra Corp, Texas Utilities Co, Dynegy Inc, Computer, Nvidia, Nuclear, Guggenheim Securities, Energy, Guggenheim, CNBC, Amazon Web Services, Talen Energy, Constellation Energy, Wall Street, Radiant Energy, Constellation Locations: Texas, Irving , Texas, Dallas, Ohio, Pennsylvania, Energy Harbor, U.S, East Coast

☆ Biden Announces Tariffs on Chinese Metals Routed Through Mexico
▼ + stars: | 2024-07-10 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

The Biden administration took steps on Wednesday to prevent China from circumventing American tariffs on Chinese steel and aluminum by routing those imports through Mexico. The administration said it would impose tariffs on imports of Mexican metals that are partially made in China. American officials said the move would close a trade loophole that has allowed cheap, state-subsidized Chinese metals to circumvent existing U.S. tariffs. The United States will now impose a 25 percent tariff on Mexican steel that is melted or poured outside of North America before being turned into a finished product. Previously, that steel would have entered the country duty free.

Persons: Biden, Lael Brainard Organizations: White, Economic Council Locations: China, Mexico, United States, North America, Mexican, Belarus, Iran, Russia

☆ Global elections in 2024: A guide in maps and charts
▼ + stars: | 2024-07-08 | by ( Lou Robinson | ) edition.cnn.com time to read: +4 min

CNN —As the presidential race in the United States heats up, many other countries around the world are also conducting pivotal elections in 2024. Here’s a closer look at the countries holding elections, in maps and charts. The election took 44 days, with more than one million polling stations, and its voters represented about 12% of the world’s population. In recent European Parliament elections, far-right parties performed well — with the National Rally gaining seven seats — and were particularly popular with young people. In 2023, 76% of Americans aged 18 to 29 said that Biden, 81, is too old to run for president, according to an Associated Press-NORC Center for Public Affairs Research poll.

Persons: —, Vladamir Putin, Putin, Masoud Pezeshkian, Saeed Jalili, Le, Emmanuel Macron’s, Ipsos Mori, Biden Organizations: CNN, International Foundation, Electoral Systems, Here’s, European Union, North America, Voters, Emmanuel Macron’s Ensemble, National Rally, Pew Research, Associated Press, NORC, for Public Affairs Research Locations: United States, India, North, Mexico, Latin America, Russian, Iran, Islamic Republic, Pakistan, Bangladesh, France

☆ China's BYD is set to take Tesla's crown as the world's No. 1 producer of battery electric vehicles
▼ + stars: | 2024-07-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Chinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this year, with its BEV market share expected to surge, according to a Counterpoint Research report. "This shift underscores the dynamic nature of the global EV market," Counterpoint analysts said in the report released Tuesday. BYD's second-quarter battery EV sales jumped nearly 21% year on year to 426,039 units, according to CNBC's calculations. Counterpoint said China "remains a dominant force in the BEV market" with BYD leading the way. China's BEV sales are estimated to be four times that of North America's in 2024, the research firm said.

Persons: BEV, BYD's, BYD, Tesla, China's BEV Organizations: Research, U.S, EV Locations: Munich, Germany, China, North America's

☆ NASA simulated an incoming asteroid impact, and the biggest roadblock to action was penny pinchers in Congress
▼ + stars: | 2024-06-28 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

The tabletop simulation presented a hypothetical scenario in which cities like Dallas, Washington, DC, and Madrid were at risk of a large asteroid impact. "A large asteroid impact is potentially the only natural disaster humanity has the technology to predict years in advance and take action to prevent," Lindley Johnson, a NASA planetary defense officer emeritus, said in a press release. That's because they didn't think Congress would approve funding for a critical space mission to study the asteroid "unless impact became certain," NASA's summary said. Options for preventing an asteroid impact include shooting the asteroid with lasers, launching a nuclear bomb at it, or simply smacking a space probe into it to nudge it away from Earth. Participants weren't sure Congress would fund the mission unless the asteroid was a certain threat — not a 72% chance of threat.

Persons: —, Lindley Johnson, Mitch McConnell, Chuck Schumer, Anna Moneymaker, Ed Whitman, Johnson, Richard Binzel, Binzel, it's Organizations: Service, NASA, Business, Capitol, US State Department, FEMA, Defense Interagency, JHU, MIT, NASA DART, National Academies of Sciences, Engineering, Medicine, Academies, White Locations: Dallas , Washington, Madrid, Europe, Japan, Canada, North America, Africa

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