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☆ Solar tech firm Nextracker raises $638 mln in upsized U.S. IPO
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

Feb 8 (Reuters) - Solar technology firm Nextracker raised $638 million in its U.S. IPO, pricing it slightly higher than its indicated target range, parent company Flex Ltd (FLEX.O) said in a statement on Wednesday, adding that the number of shares sold was increased. Nextracker sold 26.6 million shares of its Class A common stock at $24 apiece, according to the statement, giving the Fremont, California-based company a valuation of over $3.5 billion. This comes at the upper-end of their indicated range of $20 to $23 per share. The decision to increase the deal size comes at a challenging time for the U.S. IPO market, where activity has come to a standstill due to heightened volatility in a rising interest rate environment. Nextracker has also granted the underwriters an option to purchase up to about additional 4 million shares, it added.

Feb 8 (Reuters) - Shares of solar-tracking business Nextracker Inc soared 26% in their U.S. market debut on Thursday, suggesting that the IPO market was showing signs of emerging from a prolonged freeze. "It's yet another sign that the 2023 IPO market is thawing. So it's a breath of fresh air," said Matthew Kennedy, senior IPO market strategist at Renaissance Capital. Nextracker raised $638 million from 26.6 million shares in its IPO on Wednesday, higher than its original plan of $534.9 million. Founded in 2013 by Chief Executive Officer Dan Shugar, Nextracker provides solar tracker and software solutions for solar power plants.

☆ Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market
▼ + stars: | 2023-02-08 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

The solar technology company Nextracker is expected to price its initial public offering at the high end of its stated $20 to $23 per share range, people with knowledge of the process told CNBC. The development is a good sign for the moribund IPO market. Proceeds from public listings fell 94% last year after the Federal Reserve began its most aggressive rate-increasing campaign in decades. Investors soured on the shares of unprofitable tech companies in particular, many of which are still underwater after listing in 2020 and 2021. Nextracker is set to begin trading on the Nasdaq exchange Thursday morning, according to one of the people.

☆ This is why some members of Congress have been seen wearing lapel pins resembling miniature AR-15 rifles
▼ + stars: | 2023-02-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Some GOP lawmakers have been seen wearing lapel pins in the shape of miniature AR-15 rifles. One Democratic congressman said that wearing the pins "isn't the flex you think it is." download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyRecently, Republican members of Congress, Rep. George Santos and Rep. Anna Paulina Luna have been spotted wearing lapel pins resembling miniature AR-15 rifles. The mystery of the lapel pins has now been solved. Republican Rep. Andrew Clyde from Georgia owns a gun store and has now taken responsibility for handing them out.

☆ Tech trillion club's wobble in four charts
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

The tech industry has already laid off thousands of employees in an effort to cut costs as it braces for an impending slowdown. Reuters GraphicsDIGITAL ADVERTISING SLUMPThe parent company of digital advertising giant Google also missed earnings expectations as businesses dialed back spending on fears of a possible recession. "If a dominant ad player like Google can get hit like this, it is now officially a tough ad market," said Rosenblatt Securities analyst Barton Crockett. Reuters GraphicsPOST-EARNINGS STOCK REACTIONShares of the three companies - all of which have market valuations of more than a trillion dollars - were trading between -4.9% and 1.5%. Here is how the stocks have reacted after every quarterly earnings report in 2022:Reuters GraphicsReporting by Akash Sriram, Tiyashi Datta and Eva Mathews in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

☆ Spanish court rules Amazon 'Flex' couriers were falsely self-employed
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

MADRID, Feb 3 (Reuters) - A Spanish court has ruled that Amazon (AMZN.O) must compensate self-employed couriers who used their own vehicles for deliveries, a move welcomed by a labour union that has criticised worker conditions in the "gig economy". Amazon scrapped the Flex programme in Spain last year, after a 2020 Supreme Court ruling forced companies to hire freelance couriers as staff and the government introduced a pioneering law to the same effect in 2021. "Amazon is a company that is not only a logistics and transport operator, but also a courier and messenger service provider," the judge said. According to the court, Amazon made all decisions related to the service - including schedules, geographic distribution and remuneration - and used an app to direct and coordinate the couriers, who "lacked their own and autonomous business organisation". "We're happy with the result and especially happy that this Amazon Flex model no longer exists," Ranz added.

☆ EV battery maker ONE raises $300 million, now valued at $1.2 billion
▼ + stars: | 2023-02-01 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

[1/2] Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China August 28, 2018. REUTERS/StringerFeb 1 (Reuters) - Michigan-based battery startup Our Next Energy (ONE) on Wednesday said it closed a $300 million Series B funding round that takes the three-year-old company’s valuation to $1.2 billion. The latest round, led by investors Franklin Templeton and Fifth Wall, makes Our Next Energy one of the most valuable privately held battery companies in the United States. Investors in the latest round include Temasek, Coatue, Riverstone Holdings, AI Capital Partners and Sente Ventures. The Series B round included an earlier $62.5 million convertible note closed with BMW iVentures, Assembly Ventures, Breakthrough Energy Ventures, Volta Energy Technologies, Flex and Coatue.

That's a lengthier list of travel insurance than you're going to find on just about any other no-annual-fee credit card. The Ink Business Cash® Credit Card is also one of the few no-annual-fee credit cards that offer primary rental car insurance (when renting for business purposes). Review: Chase Ink Business Cash Credit Card reviewBest no annual fee travel credit cards frequently asked questions (FAQ)Are no annual fee travel credit cards worth it? What is the best no annual fee credit card for international travel? From the above list, the best credit card for international travel is likely to be the IHG® Rewards Traveler Credit Card for a couple of reasons.

☆ Europe's luxury stocks have room to rise, but becoming costly
▼ + stars: | 2023-01-31 | by ( Lucy Raitano | ) www.reuters.com time to read: +5 min

REUTERS/Sarah Meyssonnier/FilesLONDON, Jan 31 (Reuters) - Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive. An index of European luxury goods retailers (.dMIEU0TA00PUS) has rallied around 18% so far this year, outperforming the wider pan-European STOXX 600 (.STOXX), which is up 6.2% in the same time frame. But the fact that luxury goods companies are not as cheap as they once were is a "concern/point of attention", said Kasper Elmgreen, Head of Equities at Amundi, Europe's largest asset manager. Jelena Sokolova, senior equity analyst at Morningstar, said that China reopening is the key issue for European luxury stocks this year, and is already at least 50% priced in. These shares have more room to run higher as Chinese consumers hit the shops again and luxury companies flex their pricing power.

You can get many thousands of dollars in value from Aeroplan points even if you never step foot on an Air Canada plane. Earn Aeroplan points with credit cards and points transfersThe Aeroplan® Credit Card is the only US credit card that earns Aeroplan points directly. So if you transferred 60,000 Marriott Bonvoy points, you'd end up with 20,000 Aeroplan points, plus a 5,000-point bonus for a total of 25,000 Aeroplan points. Earn Aeroplan points flying Air CanadaThe next easiest way to rack up Aeroplan points is by actually flying Air Canada, but the earning formula is going to change later this year. As far as we know, it will look like this:Basic fares: Earn 2x points per (Canadian) dollarStandard fares: Earn 3x points per (Canadian) dollarFlex/Comfort fares: Earn 3x points per (Canadian) dollarLatitude fares: Earn 3x points per (Canadian) dollarPremium economy fares: Earn 3x points per (Canadian) dollarBusiness fares: Earn 3x points per (Canadian) dollarEssentially, everything but basic economy fares will earn 3x per dollar.

☆ D'Arcy Carden reveals what it was like living with her 'Shotgun Wedding' co-star Jennifer Coolidge: She's 'America's sweetheart'
▼ + stars: | 2023-01-28 | by ( Esme Mazzeo | ) www.businessinsider.com time to read: +5 min

D'Arcy Carden said Jennifer Coolidge is even "smarter and funnier" than people think. D'Arcy Carden attends the 28th Annual Critics Choice Awards in Janurary 2023. Carden watched 'Die Hard' to prepare for her roleJennifer Lopez, D'Arcy Carden, and Cheech Marin in "Shotgun Wedding." "The Good Place" star D'Arcy Carden attends the 2019 Emmys in Los Angeles on Sunday. Frazer Harrison/Getty ImagesShe described being the center of the "Shotgun Wedding" twist as "so fun" and "delicious."

Amex OffersThe Amex Blue Cash Preferred comes with access to the Amex Offers** program. As with most other cards, the Amex Blue Cash Preferred charges fees for late payments, returned payments, and cash advances. Here's our comparison of the Blue Cash Preferred and Blue Cash Everyday to help you decide which is best for your wallet. Is the Amex Blue Cash Preferred a credit card or charge card? You can't transfer cash back (Reward Dollars) from the Amex Blue Cash Preferred to other Amex cards like The Platinum Card® from American Express or the American Express® Gold Card.

☆ TikTok's time wasters are explaining how to make it till 5 o'clock for employees adjusting to returning to offices in the remote and hybrid work era
▼ + stars: | 2023-01-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

"A solid day of work has about 2-3 hours of real productive focus," one user wrote. A viral TikTok explaining the "real work flex" to strategically pass time while doing little work prompted others to make their own videos giving a play-by-play of their days at the office before COVID-19 caused a boom in remote work. "They won't tell you this, but the real work flex isn't grinding for 80 hours a week. The real work flex is time theft," TikToker Daniel Ezra said in the video. "A solid day of work has about 2-3 hours of real productive focus," another user wrote.

“Blow dryers don’t look like blow dryers anymore." “is all about preserving the health of the hair.” Ionic hair dryers emit negative ions, which causes water on the hair to quickly disperse, allowing the hair to dry quickly. Tourmaline dryers are rapidly gaining momentum over ionic and ceramic hair dryers, according to the 2022 hair dryer research report by Technavio. Best 2-in-1 hair dryer: RevlonThe highly rated Revlon hair dryer aims to simplify the hairstyling process by simultaneously smoothing your strands with nylon and tufted bristles while drying your hair. Best salon-level hair dryer: Harry Josh ProFoster and Nation were both in agreement over the fact that this lightweight professional-grade hair dryer packs a powerful punch.

“We spoke with a clear voice in November,” Whitmer said in her annual State of the State speech, which she delivered in person for the first time since the beginning of the Covid pandemic. Whitmer, who was on President Joe Biden’s shortlist for vice president, is seen as a rising national star. “I know we might have different perspectives here, but I sure hope we can all get around supporting 4-year-olds across Michigan,” she said. “But the truth is that she set a record during her first term for vetoing bills, many which Republicans and Democrats worked together to pass.”In several policy areas, Whitmer spoke more defiantly or struck more partisan tones. I’m looking at you, Ohio and Indiana.”Those remarks drew a rebuke on social media from the Michigan Republican Party, which during the speech tweeted: “No.

☆ China's Covid wave drives up consumer interest in insurance after health system shortfalls
▼ + stars: | 2023-01-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

For people planning to spend more on that health category, 47% said in December they intend to spend more on health insurance. "This experience is also driving increased interest in commercial health insurance which could cover access to premium private providers," Lipson said. Anecdotes depict a public health system overwhelmed with people at the height of the wave, and long wait times for ambulances. Some of the players in China's health insurance industry include Ping An , PICC and AIA . Hospital fundingHowever, one of the barriers to improving China's public health system is its fragmented financing system, according to Qingyue Meng, executive director at Peking University's China Center for Health Development Studies.

☆ U.S. and Israel launch a massive joint military exercise to send a message to Iran and others
▼ + stars: | 2023-01-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +4 min

The United States and Israel began a massive joint military exercise in Israel on Monday to show adversaries like Iran that Washington is not too distracted by the war in Ukraine and the threat from China to mobilize a large military force, a senior defense official said. Approximately 6,400 U.S. personnel have joined 1,100 Israeli personnel for the exercise, which will employ 142 total aircraft. “The scale of the exercise is relevant to a whole range of scenarios, and Iran may draw certain inferences from that,” the official said. “My guess is the next time they do a military exercise, they’ll say, even if it was planned for months, they’ll say it was reaction to this. The senior defense official said this drill is a signal to other nations that argument is not true.

WASHINGTON — Conservative hard-liners are consolidating power in the narrow new House majority, presenting early challenges for Republicans in swing districts ahead of the 2024 election as Democrats seek to paint the entire party as beholden to extremists. Twenty House GOP hard-liners have set the tone, extracting a series of concessions from Speaker Kevin McCarthy, R-Calif., to change House rules while securing plum committee assignments and winning assurances about advancing their legislative priorities. “If you can’t win independent voters, you can’t win elections.”Democrats are targeting 25 districts to win back the House majority next year, including 18 Republican-held seats that Biden carried in 2020. In the narrow Republican majority, McCarthy has only four votes to spare before he requires Democratic support to pass measures. Lance, the former congressman, argued that renominating former President Donald Trump could cost Republicans the House.

Bought from McLaren by private equity firm Greybull Capital in 2021, McLaren Applied has adapted an efficient inverter developed for F1 racing for EVs. Fry says McLaren Applied is working with around 20 carmakers and suppliers, and the inverter will appear in high-volume luxury EV models starting January 2025. NO TIME TO LOSESome suppliers like Cambridge, Massachusetts-based Actnano have had long relationships with EV pioneer Tesla (TSLA.O). Coakley said CelLink was working with U.S. and European carmakers, and with a European battery maker on battery wiring. But it has now also developed battery packs, electric powertrains, e-axles and is working with around 20 customers, including carmakers and an electric vertical take-off and landing (eVTOL) aircraft maker.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Earnings could keep the market on edge in week ahead as investors wait for Fed
▼ + stars: | 2023-01-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

I do think that will happen even more in the week ahead as the Fed is in a blackout period. S & P Global PMI data is released for both services and manufacturing Tuesday. "The market continues to think the Fed does not have to administer as much medicine as the Fed tells us they plan to. Earnings, earnings, earnings Stocks were lower in the past week, with the S & P 500 off by 1.8%. "It's a mild earnings recession, but it's an earnings recession.

LONDON, Jan 19 (Reuters) - European Union energy regulators published their first daily liquefied natural gas (LNG) price assessment on Thursday, a first step in the EU's plan to launch a new European LNG benchmark price by the end of March. WHY DOES THE EU WANT A NEW LNG PRICE? Unlike pipeline gas, LNG is not widely traded on exchanges, so there is less visibility on how much the fuel costs. HOW WILL ACER'S LNG PRICE BE DIFFERENT? ACER can only produce a price assessment if it receives at least five transactions in the assessed five-day period.

☆ Cramer's lightning round: I think Boeing is good
▼ + stars: | 2023-01-17 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Boston Properties Inc : "They are disciplined, they've got a good yield, and while I don't endorse it myself ... there's a good thesis behind it." Loading chart...Biohaven Ltd : "It's a great speculative buy." Loading chart...Flex Ltd : "My belief is that it's an inexpensive stock." Loading chart...Boeing Co : "I think Boeing is good." Loading chart...GSK plc : "I think Pfizer is a much better stock."

☆ Google's cookie crumbles
▼ + stars: | 2023-01-16 | by ( Dave Smith | ) www.businessinsider.com time to read: +3 min

Google's cookie concept crumbles. Google's been testing a bunch of cookie-less proposals since 2020. Unfortunately, the web standards body W3C rejected Google's Topics API proposal, saying it maintains "the status quo of inappropriate surveillance on the web." In other news:A Tesla car dealership in Maplewood, Minnesota. The coolest electric cars hitting the streets this year.

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