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☆ These electric vehicles need their batteries replaced most often
▼ + stars: | 2023-03-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

EV battery replacements could cost anywhere from $5,000 to $20,000, according to Recurrent. Recurrent studied how common it was for early EV models' batteries to be replaced. Including the two well-known EV battery pack recalls raises that percentage of battery replacements to 6.5%, according to Recurrent, or 975 of the 15,000. The Tesla Model 3 had one of the lower rates of battery replacement. David Zalubowski/APWhy does the likelihood of battery replacement matter?

☆ Softer dollar buoys gold, but banking optimism limits safe-haven appeal
▼ + stars: | 2023-03-28 | by ( Kavya Guduru | ) www.reuters.com time to read: +2 min

SummarySummary Companies Gold might retest support at $1,945/oz - technicalsU.S. dollar down 0.2%Global stocks rise on TuesdayMarch 28 (Reuters) - Gold prices rose on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system limited the safe-haven metal's appeal. "The U.S. dollar seems to be stabilising, this should entice fresh buying back into the (gold) market," said Clifford Bennett, chief economist at ACY Securities. However, gold remains the "resolute safe-haven" in a "rolling risk environment" for the banking sector as risks of contagion are far more persistent than the market would like to believe, Bennett added. Gold might retest a support at $1,945 per ounce, a break below could open the way towards $1,927, Reuters technical analyst Wang Tao said. Spot silver eased 0.1% to $23.06 per ounce, while platinum rose 0.5% to $976.87 and palladium added 0.7% at $1,418.44.

☆ As small caps hit multi-decade lows, one fund manager reveals 3 stocks to buy
▼ + stars: | 2023-03-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The market sell-off earlier this month has hurt small-cap stocks more than their larger peers. According to Bennett, these companies will be less impacted by macroeconomic trends, making them ideal investments in a challenging market environment. The S & P 600 small-cap index is down by 8% this month compared to the large-cap S & P 500 , which has regained nearly all of its losses over the month to date. Bennett also said small-cap growth stocks do better when leading economic indicators point toward a recession. Meanwhile, Alger's Bennett believes that stocks in his fund rely more on innovation and technology than on industry or economy-level growth.

☆ Small-cap growth stocks do better when economic indicators point toward a recession, says fund manager
▼ + stars: | 2023-03-27 | 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 EmailSmall-cap growth stocks do better when economic indicators point toward a recession, says fund managerSmall-cap stocks are trading at a 20-year low valuation relative to the S&P 500, and are likely to outperform by 20% over the coming months, according to Joshua Bennett, senior portfolio manager at Alger.

Jack Daniel's Properties Inc is owned by Louisville, Kentucky-based Brown-Forman Corp (BFb.N). "I'm concerned about the First Amendment implications of your position," conservative Justice Samuel Alito told an attorney for Jack Daniel's, referring to the constitutional provision enshrining free-speech protections. "Could any reasonable person think that Jack Daniel's had approved this use of the mark?" Jack Daniel's also contested a finding by the San Francisco-based 9th U.S. "This is a standard commercial product," Kagan told a lawyer for VIP Products, Bennett Cooper.

☆ Asian bank stocks sink as Credit Suisse fear roils markets
▼ + stars: | 2023-03-15 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Banking stocks in Asia fell on Thursday, dragging the broader markets lower, as troubles at Credit Suisse sparked fears that banking turmoil is spreading around the world. The lender said it would borrow up to 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank. In Hong Kong, Standard Chartered (SCBFF) sank nearly 4%. Local bank BOC Hong Kong was down 3.1%. The bank failures had already forced US regulators to take emergency measures on Sunday to protect deposits at both lenders: Silicon Valley Bank and Signature Bank.

☆ DeSantis flip-flopped on aid to Ukraine after previously offering full-throated support for arming Kyiv
▼ + stars: | 2023-03-14 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +5 min

Ron DeSantis says it's not in the "vital" interests of the US to help Ukraine defend itself from Russia. But as a member of Congress in 2015, DeSantis offered strong support for arming Kyiv. Trump's first impeachment was linked, in part, to his dealings with Ukraine and a decision to freeze vital security aid to Kyiv. To be sure, it was the Trump administration who first provided US lethal aid to Ukraine, providing Javelin anti-tank missiles. Recent polling also suggests that Republican voters are more likely than Democratic voters to oppose further aid to Kyiv.

☆ Climate change is making plane turbulence worse, and it could make flights bumpier and more expensive
▼ + stars: | 2023-03-11 | by ( Crystal Raypole | Jessica Orwig | ) www.businessinsider.com time to read: +8 min

Experts believe severe turbulence may increase in years to come as patterns of severe weather continue around the globe. But pilots also have to contend with clear-air turbulence, which is turbulence that has no visible cause. Weather researchers further predict clear-air turbulence will double by 2050, with severe turbulence increasing the most. "The highest altitude flights over the North Atlantic will encounter the most significant increase in severe turbulence," Bennett said. Only 1% of the atmosphere has moderately severe turbulence, and a few tenths of a percent have severe turbulence," she said.

☆ HelloFresh stops buying coconut milk from Thailand after videos show monkeys being forced to harvest the crop
▼ + stars: | 2023-03-08 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

HelloFresh will stop buying coconut milk sourced in Thailand, Axios reported. It revealed that monkeys on HelloFresh suppliers' coconut farms were being kept in poor conditions. PETA accused Suree and Aroy-D, HelloFresh's former coconut milk suppliers, of keeping monkeys chained on dirt patches with no protection from the elements. Major retailers, including Walmart, Target, and Costco, have already stopped selling coconut milk from certain Thai suppliers, but HelloFresh's move goes one step further, banning all coconut milk exports from the country. It's now calling on Whole Foods and other retailers to stop sourcing coconut milk from Thailand, it said in a press release.

☆ Strategists say it’s a stock picker’s market right now — and name their top picks
▼ + stars: | 2023-03-08 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Against this backdrop, a slew of strategists are calling it a stock picker's market and advising investors to be particularly mindful of the companies they invest in. "You really do need to have discipline, but this is definitely a stock picker's market. The SOXX, which offers investors exposure to a basket of U.S.-listed semiconductor stocks, is up more than 20% this year. She believes the current macro backdrop is a "stock picker's scenario" that calls for "an active trading environment." The stock has a current dividend yield of 2.7%, higher than the industry average of 0.8%, according to FactSet data.

☆ White House backs Senate bill to boost US ability to ban TikTok
▼ + stars: | 2023-03-07 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The bill gives the Commerce Department the ability impose restrictions up to and including banning TikTok and other technologies that pose national security risks, said Democratic Senator Mark Warner, who chairs the Intelligence Committee. He said it would also apply to foreign technologies from China, Russia, North Korea, Iran, Venezuela and Cuba. TikTok said in a statement that any "U.S. ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide." Warner said it was important the government do more to make clear what it believes are the national security risks to U.S. from the use of TikTok. McCaul said he thinks the full U.S. House of Representatives could vote on bill this month.

☆ Twelve U.S. senators back giving Commerce Secretary new powers to ban TikTok
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO:. Secretary of Commerce Gina Raimondo speaks during the High-Level Economic Dialogue Second Annual Meeting in Mexico City, Mexico September 12, 2022. REUTERS/Raquel Cunha/PoolWASHINGTON, March 7 (Reuters) - A bipartisan group of 12 U.S. senators will introduce legislation Tuesday that would give Commerce Secretary Gina Raimondo new powers to ban Chinese-owned video app TikTok and other foreign-based technologies if they pose national security threats, Senator Mark Warner said. "I think it is a national security threat," Warner said on CNBC, adding the bill would give Raimondo "the ability to do a series of mitigation up to and including banning" TikTok. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Veteran investor says we're in another bear market rally — and names the stocks to trade it
▼ + stars: | 2023-03-07 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Despite the volatility, the Dow Jones Industrial Average , S & P 500 , and Nasdaq Composite all remain in positive territory — but market watchers are divided on whether this is the start of a new bull market or just another bear market rally. Michael Landsberg, partner and chief investment officer at Landsberg Bennett Private Wealth Management, is firmly in the latter camp. Several risks remain in the market, according to Landsberg. For example, short-duration fixed income is an "attractive" area of the market right now, according to Landsberg. One sector that Landsberg is avoiding is "profitless tech," as he believes earnings in the sector will continue to decelerate.

☆ Taliban's persecution of women could be 'crime against humanity' - UN report
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

GENEVA, March 6 (Reuters) - The Taliban's treatment of women and girls in Afghanistan could amount to a crime against humanity, according to a U.N. report presented on Monday at the Human Rights Council in Geneva. In a report covering July to December 2022, the U.N. Special Rapporteur on the situation of human rights in Afghanistan, Richard Bennett, found that the Taliban's treatment of women and girls "may amount to gender persecution, a crime against humanity". "The Taliban's intentional and calculated policy is to repudiate the human rights of women and girls and to erase them from public life," Bennett told the United Nations Human Rights Council. "It may amount to the international crime of gender persecution for which the authorities can be held accountable." Bennett said the Human Rights Council should send a strong message to the Taliban that the "abysmal treatment of women and girls is intolerable and unjustifiable on any ground, including religion".

☆ Wall Street pros name the biggest risk to stock markets — and how to trade it
▼ + stars: | 2023-03-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Top of mind, however, is undoubtedly the path of interest rate hikes, with market pros nervously looking to the Federal Reserve's next rate decision on Mar. Anastasia Amoroso, chief investment strategist at iCapital, believes the "biggest market risk" right now is the Fed raising the terminal rate to a range of 6% to 6.5%. One obvious area fixed income, with Ma Yung-Yu, chief investment strategist at BMO Wealth Management, calling the asset class a "welcome relief and benefit to the portfolio." David Dietze, managing principal at Peapack Private Wealth Management, believes investors should "stay the course" in stocks. He noted that stock prices are "off their highs" — and the market has never failed to rebound to new highs.

☆ NHL roundup: Bruins bounce Rangers for 10th straight win
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +9 min

At the end of a board battle behind Elliott in the second period, Hinostroza one-timed his second goal off a pass from Casey Mittelstadt at 5:35 for Buffalo's first lead. Captain Dylan Larkin scored in the second period and Magnus Hellberg made 32 saves for the Red Wings, who have lost five straight games (0-4-1). Bennett, who had missed six straight games, scored one goal. Capitals 8, Sharks 3Craig Smith scored twice in Washington's four-goal second period and the visitors rallied for a win against San Jose. Predators 3, Blackhawks 1Philip Tomasino, Tyson Barrie and Colton Sissons scored for visiting Nashville in a win against Chicago.

☆ Amazon Advertising talent is being poached for C-suite roles at other firms. Meet 9 former execs who jumped to companies like LoopMe and Walmart.
▼ + stars: | 2023-03-02 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

A number of Amazon ad execs have taken top tier jobs at giants like Walmart and hot startups like LoopMe. They're bringing deep experience at Amazon Advertising building businesses from scratch to their new roles. In recent years, Samba TV, Cooler Screens, Walmart, and Netflix have all hired former Amazon Advertising staffers to crucial, revenue-driving roles centered around advertising. He said Amazon's ad execs have both relationships with advertisers, retail expertise, and operational experience in standing up an ad business from scratch. Insider identified nine former Amazon ad execs who have moved into C-suite roles.

☆ Check out the pitch deck AI-video startup Capsule used to raise $4.75 million in seed funding
▼ + stars: | 2023-02-28 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Video-AI startup Capsule this month raised $4.75 million in seed funding. Check out the pitch deck that encouraged VCs including Bloomberg Beta and Array Ventures to participate. Capsule, a tech startup that uses artificial intelligence to help its large-business clients create and distribute video content raised $4.75 million in seed financing this month. The seed round was led by Bloomberg Beta and Array Ventures, with participation from other investors including Swift Ventures, Clark Valberg's Tiferes Ventures, and Behind Genius Ventures. Check out Capsule's seed financing pitch deck below

☆ Read Murdoch’s Deposition in the Fox-Dominion Case Files
▼ + stars: | 2023-02-27 | by ( ) www.nytimes.com time to read: +2 min

newspapers in the United States, and the plaintiff had also begun various libel actions against those other papers. Furthermore, Fox misstates the damages causation standard that will be at issue at trial. While Delaware law employs the rule of "but for" causation, New York law-which governs this case-applies a different standard. For proving special damages, New York requires only that the tortious conduct was "a substantial factor in the plaintiff's injury." See Brown v. New York, 31 N.Y.3d 514, 519 (2018); N.Y. Pattern Jury Instr.

While law firms sometimes negotiate fixed fees on transactions, market participants said such deals would be unlikely on transactions that faced the amount of legal uncertainty of Rogers-Shaw. The Rogers-Shaw deal is expected to be the tenth-largest deal in Canadian history since 1995, according to data from Dealogic. Law firms Lax O’Sullivan Lisus Gottlieb represented Rogers, while Davies Ward Phillips & Vineberg and Wachtell are lawyers for Shaw. None of the law firms responded to Reuters queries on the legal fee. Rogers and Shaw on Friday extended the closing deadline for the fourth time to March 31.

☆ I was the original voice of Siri. Even though Apple used my voice without my knowledge, it's been a fun ride.
▼ + stars: | 2023-02-20 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +6 min

Susan Bennett is the voice actor behind Apple's first iteration of Siri, released in 2011. This as-told-to essay is based on a conversation with Susan Bennett, a voice actor based in Atlanta, Georgia. One day, while I was there recording, a voice actor for another commercial didn't show up. I unknowingly did the initial Siri recordings in 2005In July 2005, six years before Apple would introduce Siri, I made the recordings that would eventually be used for the famous personal assistant. I also connected with Karen Jacobsen, a voice actor and singer who was the original Australian Siri.

☆ NHL roundup: Adrian Kempe, Kings pound Penguins
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +10 min

Mika Zibanejad scored his 27th goal, Kaapo Kakko also found the net and Vincent Trocheck and Jimmy Vesey each added two assists. Carolina's Sebastian Aho saw his six-game goal streak end. Blues 6, Coyotes 5 (OT)Ryan O'Reilly scored the winning goal 1:02 into overtime to lift St. Louis past visiting Arizona. Scott Wedgewood made 28 saves in his first appearance since blanking the Los Angeles Kings 4-0 on Jan. 19. Jonatan Berggren scored two goals, Filip Hronek scored a goal, and Ben Chiarot had two assists for the Red Wings.

☆ Tesla owners reveal the best and worst features of their cars, and what they really think of Elon Musk
▼ + stars: | 2023-02-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

Insider spoke with more than a dozen Tesla owners to learn what they like most and least about their cars. We talked to more than a dozen Tesla owners to find out what they like most about their cars — and what they think needs improvement. Since electric cars don't experience the same acceleration lag as gas vehicles, Teslas jolt forward the instant you put your foot down. Con: Stiff rideSome Model 3 and Y owners told Insider their cars are too stiff and jittery over bumpy pavement. Tim Levin/InsiderOver and over, Tesla owners praised the company's extensive network of fast chargers, which is exclusive to Tesla owners in the US.

☆ North American companies notch another record year for robot orders
▼ + stars: | 2023-02-10 | by ( Timothy Aeppel | ) www.reuters.com time to read: +4 min

Many companies, scrambling to find workers amid the lowest U.S. unemployment rate since 1969, see automation as a quick fix. Burnstein said there was a visible slowdown in orders at the end of the year, which raises a question about how 2023 will evolve. A shift away from pandemic-era consumer behavior likely played a role in the orders drop-off in some segments, he added. "You saw companies like Amazon put a pause on building new warehouses, which means they probably canceled or delayed purchases of new automation." Burnstein said robot makers saw some customers place extra orders during the COVID-19 health crisis - just to ensure they would get part of what they needed.

☆ Analysis: Biden team shrugs off polls, targets key voters ahead of 2024 run
▼ + stars: | 2023-02-09 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

Recent polls show aging leaders are a concern for Americans in general, and Biden's age in particular worries Democratic voters. Biden's public approval rating was just 41% in a Reuters/Ipsos opinion poll that closed on Sunday. They're targeting key subsets of voters, such as those who flipped from supporting Trump in 2016 to Biden in 2020. Overall, Biden's approval rating among the group rose from 31% to 52% during the speech, and six in ten liked the speech. Attacking Republicans for threatening Social Security and Medicare is expected to be particularly salient in competitive states like New Hampshire, Pennsylvania and Florida with large proportions of elderly voters.

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