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Yen on guard ahead of BOJ; euro stutters with weekly loss in sight
  + stars: | 2024-06-14 | by ( ) www.cnbc.com   time to read: +4 min
The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was a touch weaker at 157.08 per dollar and on track for a marginal weekly loss of about 0.2%, though moves were largely subdued ahead of the conclusion of the BOJ's two-day monetary policy meeting later on Friday. The euro was little changed at $1.0737, and was poised for a weekly loss of roughly 0.6%. Against the British pound, the euro was last languishing near a 22-month low and staring at a weekly decline of 0.9%.
Persons: Ray Attrill, Wall, Powell, Jean Boivin, Emmanuel Macron's, Macron, France's, Erik, Jan van Harn Organizations: Bank of, National Australia Bank, New Zealand, Federal Reserve, BlackRock Investment Institute, Fed, Aussie, Rabobank Locations: Bank of Japan, BlackRock
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Ford Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1 million to sell EVs. That's led to automakers delaying or canceling future electric vehicles and investments. "The world has changed," Marin Gjaja, chief operating officer of Ford's Model E electric vehicle business, said Thursday during a media briefing. Instead, Ford will open EV sales to all of its dealers in an attempt to grow sales of its all-electric cars and trucks.
Persons: Jim Farley, That's, Marin Gjaja, Gjaja, Ford Organizations: Washington , D.C, Ford Locations: Washington ,
New Jersey officials revealed this week that they are looking at the licenses at his three golf courses there. AdvertisementThese states prohibit felons or people convicted of "moral" offenses such as fraud from holding a liquor license. Say Trump is landlord to the bar operators at one of these properties, and it's the bar operators who hold the liquor license, Pierce said. If Trump is charging the bar a flat rent, his felony status won't impact that liquor license. Trump would still have options, though, even if his hush-money conviction voided one or more of his liquor licenses.
Persons: , Donald Trump, William Fay, Fay, he's, Aaron H, Pierce, Trump, Kwok Organizations: Service, Trump, New, New Jersey Attorney, Business, ABC Locations: ., Jersey, Colts Neck, Bedminster, Pine Hill, New Jersey, New Jersey , New York , Florida, California, United States, Manhattan, New York
In his first reaction to the verdict, Hunter Biden didn’t attack the judge or prosecutors, simply saying he was grateful for the love and support of his family and blessed to be clean again. The Hunter Biden verdict also contradicted the central rationale of Trump’s multiple legal defenses in his four criminal cases, several civil matters and his entire presidential campaign. “So much for the weaponization of the Justice Department to go after just the enemies of the other side,” Michael Zeldin, a former senior Justice Department official and federal prosecutor, said on CNN Max on Tuesday. Stephen Miller, Trump’s former White House domestic policy adviser, argued that the Justice Department had actually shown favoritism toward Hunter Biden by not charging him with 50 felonies over foreign influence peddling. “Hunter Biden just became the Deep State’s sacrificial lamb to show that Justice is ‘balanced’ while the other Biden crimes remain ignored,” she wrote on X.
Persons: Joe Biden, Donald Trump, Biden, Hunter, , , Hunter Biden, Trump, ” Trump, Phil McGraw, couldn’t, ” Michael Zeldin, CNN Max, General Merrick, Garland, David Weiss, Weiss, “ Hunter Biden, ” Ken Buck, CNN’s Erin Burnett, ” Julian Zelizer, he’s, who’s, He’s, ” Zelizer, Democratic Sen, Robert Menendez, Henry Cuellar, Jamie Raskin, James Comer, Big Guy, ” Comer, Mike Johnson, Stephen Miller, Trump’s, ” Miller, Marjorie Taylor Greene, baselessly Organizations: CNN, Justice Department, Fox News, Trump, Democratic, Department, White House, Republican, Justice, Princeton University, , Robert Menendez of New, Biden, Maryland Democrat, Kentucky Republican, Big, Louisiana Republican, BIG, Georgia Locations: America, Manhattan, Delaware, Robert Menendez of, Robert Menendez of New Jersey, New York, Henry Cuellar of Texas, Mexican, United States, Kentucky, Ukraine, China, Louisiana
The company had to quell those concerns with a blog post denying this. But some Adobe employees are still not happy with the response, and they are calling for improved communication with customers. According to screenshots of an internal Slack channel, obtained by Business Insider, Adobe employees complained about the company's poor response to the controversy and demanded a better long-term communication plan. Advertisement"We've never trained generative AI on customer content, taken ownership of a customer's work, or allowed access to customer content beyond legal requirements. Some employees applauded Adobe's effort to use language that is easier to understand in the blog post.
Persons: , Adobe, Slack, We've, Scott Belsky, Belsky Organizations: Service, Business, Adobe, IBM, Software, YouTube
But Uriarte said there is no evidence showing any coordination between the federal government and Manhattan District Attorney Alvin Bragg, who brought the hush money case against Trump. The DOJ conducted a "comprehensive" search for communications between its leaders and the Manhattan District Attorney's office about any investigation or prosecution of Trump from Jan. 20, 2021, through his May 30 conviction in New York, Uriarte said. "The District Attorney's office is a separate entity from the Department. The Department does not supervise the work of the District Attorney's office, does not approve its charging decisions, and does not try its cases," he said. "The Department has no control over the District Attorney, just as the District Attorney has no control over the Department."
Persons: General Merrick Garland, General Carlos Uriarte, Jim Jordan, Donald Trump, Joe Biden, Uriarte, Attorney Alvin Bragg, Trump Organizations: Department of Justice, Department, CNBC, The, of Justice, Republicans, DOJ, Manhattan, Attorney, Trump, Manhattan District, Jan, District Attorney Locations: Washington ,, New York, Ohio, York
While EV sales fell in the first quarter of 2024 by more than 15% compared to the previous three months — their first drop since 2020 — hybrid sales are booming. But Kia sees hybrids as an opportunity to get potential BEV buyers in the door. AdvertisementBut if you look at the largest and arguably most important segment these days, compact SUVs, hybrids account for nearly one-fifth of sales, Kosowski said. AdvertisementFor Kia, building hybrids instead of EVs affects its bottom line beyond the revenue it generates. EVs cost substantially more to build than ICE and hybrid vehicles.
Persons: , Steve Kosowski, Kia, Kosowski, Kia Niro, ROBIN TRAJANO, BEV, ZEV Organizations: Service, Business, Long, Kia Motors America, EV, Kia, ICE Locations: PWC
Tesla appears to be ramping up hiring again
  + stars: | 2024-06-11 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Read previewTesla appears to be ramping up hiring again, nearly two months after Elon Musk kicked off mass layoffs. Tesla then posted over a dozen jobs in the company's autopilot division in late May. Now, however, Tesla appears to have expanded its hiring to cover a variety of roles, with over 60 positions in the US and Canada advertised on the company's website. Advertisement"It sounds like an existing Tesla team from a different department has been inserted to manage the charging division," said Pinter, who added that it was unclear if this move was temporary or permanent. Tesla also lists positions for its internship programs, with roles in vehicle servicing and mechanical design, for example, advertised for the summer and fall of 2024.
Persons: , Tesla, Elon Musk, Electrek, Musk, Andres Pinter, Pinter Organizations: Service, Elon, North America, Business, Bloomberg, Solutions Locations: Canada, Corpus Christi , Texas
A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. Elliott said it intends to "pursue all available pathways to deliver the leadership changes" the activist believes Southwest needs. Jordan and Kelly have "presided over a period of stunning underperformance at" Southwest, Elliott said. In just the last few months, the activist has taken a $2.5 billion stake in semiconductor firm Texas Instruments , a $2 billion stake in Japanese conglomerate SoftBank and a $1 billion stake in mining concern Anglo American .
Persons: Elliott, Bob Jordan, Gary Kelly, Jordan, Kelly, Henry Harteveldt, Elliott's Organizations: Southwest Airlines, Laguardia, Elliott Management, Southwest, Delta Air Lines, United Airlines, CNBC, Atmosphere Research, Boeing, Crown, Texas Instruments Locations: New York City , New York, U.S, Southwest, Texas
Three people were injured Saturday night in central Oregon after a large bull jumped over a barrier and into the crowd at a packed rodeo event, sending onlookers scrambling for safety before the animal could be captured, the authorities said. The incident occurred during the final portion of the bull-riding event at the 84th annual Sisters Rodeo in Sisters, Ore., more than 150 miles southeast of Portland, the rodeo said in a statement. Video of the frantic episode circulating on social media shows a packed crowd under the arena lights, swaying and singing along to Lee Greenwood’s “God Bless the U.S.A.,” when a large brown bull circles the bull ring and leaps over a metal gate and into the stands. Other footage shows the bull charging through an area designated for concessions and flipping a person through the air. When the bull first jumps the fence, a rodeo announcer can be heard giving instructions for an emergency response plan, repeatedly asking the crowd to take cover.
Persons: Lee Greenwood’s Locations: Oregon, Sisters, Portland
CNN —Rudy Giuliani was processed in Phoenix on Monday, weeks after pleading not guilty in Arizona to charges of allegedly conspiring to overturn the 2020 presidential election results. Giuliani was served on May 17 in Palm Beach, Florida, at his 80th birthday bash held by a GOP operative. Arizona prosecutors spent weeks trying to track down the former New York City mayor and eventually found him based on his podcasts. A grand jury in Arizona handed up indictments last month charging over a dozen Trump allies, including the fake electors and several individuals connected to his campaign, over their efforts to overturn his 2020 election loss. Goodman added that Giuliani “will be fully vindicated.”The Arizona indictment is just the latest legal woe for Giuliani stemming from his time as Trump’s attorney after the 2020 presidential election.
Persons: CNN — Rudy Giuliani, Donald Trump’s, Giuliani, President Trump, , Ted Goodman, Goodman, Veronica Stracqualursi, Zachary Cohen Organizations: CNN, GOP, New, New York City, Trump, Washington, Giuliani, Dominion Locations: Phoenix, Arizona, Maricopa County, Palm Beach , Florida, New York, Georgia
I tested the Shark Matrix Plus in my 1,650-square-foot home over the course of six months. Read on for my full experience testing the Shark Matrix Plus 2-in-1 Robot Vacuum. Lauren Savoie/Business InsiderThe Shark Matrix Plus 2-in-1 Robot Vacuum has four main components: the robot, its self-emptying docking base, a vacuum attachment, and a mopping attachment. I notice a significant difference in how the carpeting looks after a 15-minute standard clean versus a 45-minute Matrix clean. AdvertisementThe bottom lineI've been using the Shark Matrix Plus for weekly cleanings for nearly a year now.
Persons: vacuums, Lauren Savoie, I've, Rosie, It's, I'm, it'll, it's, We've, We're Organizations: Business, Brands, Omni
They are vigilante taxi drivers taking direct action, having become increasingly frustrated about Hong Kong authorities’ failure to regulate the ride-hailing platform. Noemi Cassanelli/CNNA Uber app is seen on a mobile phone in Hong Kong, China, on May 24, 2024. Patrick Tam, secretary general of the Hong Kong Taxi & Public Light Bus Association, acknowledged the complaints against some unruly taxi drivers, and said he supported the police going after them. “We just want fair treatment.”So far, Hong Kong police have said they had not arrested any Uber drivers ensnared in the amateur sting operations. And CUHK’s Chan said that, after years of ambiguity, Hong Kong is already playing catch-up.
Persons: Ka Chun, , Uber, Noemi Cassanelli, CNN Uber, , Oliver Chan, Hong, John Lee, Lau, tim, ” Jason Chan, Mo, “ Uber, Patrick Tam, CNN Estyn Chung, CUHK’s Chan Organizations: CNN, Hong, Chinese University of Hong, Taxi, Pictures, hackney, CNN Taxis, HK, Hong Kong Taxi, Light Bus Association, Uber Taxi, Uber Locations: Hong Kong, China, Central, Chinese University of Hong Kong, Jordan, Singapore
Hotel prices are exploding. As the owner of Destination Europe, she is sending “record numbers” of clients to the continent this year. There’s been such a huge demand for travel in the past three years, and lots of places are pushing up prices.”Is summer in Europe already a washout? Socrates Baltagiannis/picture alliance/Getty ImagesData from Hotel Monitor, American Express Global Business Travel’s annual analysis of worldwide hotel rates, backs his theory up. His prediction appears to be coming true: although the Amex GBT analysis predicted a 11% spike in Paris hotel rates this year, so far they have only risen 8%.
Persons: “ There’s, , Tom Jenkins, ” Kayla Zeigler, Graham Carter, , There’s, you’re, it’s, Eric Gaillard, Reuters It’s, they’re, Eiffel, Hagia Sophia, Jenkins, Tim Hentschel, that’s, It’s, Milos, Hotelplanner's Tim Hentschel, Socrates Baltagiannis, Hentschel, haven’t, Conde Nast, Hayley Berg, Hopper, Berg, Jaime Reina, , ’ ” They’re, Daniela Santanchè, ” Zeigler, Carter, , Charles de Gaulle, ” They’re, Zeigler, ” –, – Berg, bookers, Henry Nicholls Organizations: CNN, European Tourism Organisation, Unforgettable, , Reuters, Getty, Hotel Monitor, American Express Global, , AFP, Italy –, Games Locations: Europe, Bosnia, Bulgaria, Denmark, Iceland, Poland, Romania, Sweden, Switzerland, Czech, Hungarian, Ukrainian, Ukraine, Turkish, Hagia, Venice, Paris, Amsterdam, Dublin, Berlin, Stockholm, Barcelona, London, Murcia, Marbella, Windsor, Paddington, Rome, Athens, Venice’s, Mallorcan, Italy, Amalfi, Positano, Amalfi Coast, Puglia, Sicily, Slovenia, Croatia, Ireland, Portugal, France, airfare, London's, AFP
CNN —Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. Rental car companies may have overestimated their customers’ readiness for a switch, though. In my case, I’ve rented EVs from Turo, a peer-to-peer car rental platform that’s sort of like Airbnb but for cars. Customer service as keyJoulez, an EV rental company, rents its fleet through its own website as well as through Turo. But not everyone has such a bad time when renting an EV from a big rental car company.
Persons: Lydia Wu, Wu, EVs, Hertz, Stephen Scherr, it’s, ” Hertz, Doug Jensen, Tesla, , , ” Wu, I’ve, Micah Bergdale, they’re, Joulez, Jay Waldron, Waldron, Kia Organizations: CNN, Avis, Cox Automotive, Tesla, General Motors, Hertz, Kia, EV, Turo, Hyundai Kona EV, National Locations: Kansas City , Kansas, Hertz, San Diego, it’s, Polestar, New York City, , Turo, Georgia, Washington, DC
GM has a secret to help sell its new EVs. It's Costco
  + stars: | 2024-06-07 | by ( Michael Wayland | ) www.cnbc.com   time to read: +8 min
Costco Auto has facilitated more than 500,000 vehicle sales annually over the past five years on average, according to Jay Maxwell, Costco Auto Program general manager responsible for strategic partnerships. GM declined to disclose how many Costco customers have purchased GM vehicles through the program. EV interestA growing number of vehicle sales made through Costco Auto are of electric vehicles, Costco said. In addition to GM, Costco Auto has partnered with Volvo, including its Polestar EV startup brand, Audi and others over the years. The Costco Auto Program was initially part of wholesale competitor Price Club, which merged with Costco in 1993.
Persons: Kena, Motors, it's, Marissa West, Michael Wayland, Jay Maxwell, Maxwell, Mary Barra, That's, Cox, Scott Mlyn, Julie Craig, , Melissa Repko Organizations: Costco, Corbis, Getty, DETROIT —, Costco Wholesale, Detroit automaker, Costco Auto Program, EVs, Chevrolet, Chevrolet Blazer, GM North America, CNBC, U.S, Costco Auto, Canada, Ford Motor, Volkswagen, Brands, Lithia Motors, AutoNation, GM, EV, Volvo, Audi, CNBC Costco Auto, Cadillac, Industry, Cox Automotive, Dealers, New York Auto Show, Price Club Locations: Teterboro , New Jersey, CNBC, U.S, Detroit, Canada
Now, there are baby naming consultants who rifle through popularity lists, analyze trends, and recommend the right fit for families. There are companies that specialize in baby names, too. AdvertisementCoffield said she knew she could make a living from baby names when she started talking about it on TikTok. She had previously focused on educating women about how to be empowered while giving birth and casually spoke about baby names a few times. The biggest way to build success in the baby naming business is to make sure people find you credible, Coffield said.
Persons: , influencer Francesca Farago, @francescafarago, ames, earbooks,, ike, ersonal, ake, ince, ure Organizations: Service, Business, Netflix, ust
In this article NVDARIVN Follow your favorite stocks CREATE FREE ACCOUNT2025 Rivian R1S RivianRivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance and computing power with the help of Nvidia chips, the company said Thursday. Amid the most notable changes to the new vehicles is their computing power, which Rivian says delivers 10 times more performance than the previous system. The lower-priced vehicles are crucial to Rivian's expansion as sales of its current models have slowed amid a sluggish industrywide sales pace for electric vehicles. 2025 Rivian R1T and R1S RivianRivian said pricing for the second-generation R1S SUV will increase $1,000 from current models to start at $75,900, with top-end trimotor models starting around $106,000. Rivian said the vehicles also feature more luxurious, updated interiors as well as a fully redesigned software interface.
Persons: Rivian, RJ Scaringe, R1T, Rivian Rivian Organizations: Nvidia, Max Locations: Illinois, Georgia, The California
Also, some used EVs are eligible for up to $4,000 in federal tax credits , and several states offer tax credits or rebates. Although as with buying any used car — from manufacturers and independent dealers, online marketplaces or private owners — there are pros and cons. The Hertz Car Sales website "Shop EVs" button recently listed 1,475 of the 1,638 used EVs listed as "Hertz Certified." A March study by automotive research firm iSeeCars found that the average used car price was down 3.6% from last year, though used EV prices had plummeted 31.8%, equating to $14,418 in value. A follow-up question — "Can you tell me about 2022 Tesla Model 3s being sold by Hertz Car Sales?"
Persons: Hertz, , iSeeCars, Elon, Karl Brauer, Brauer, Yossi Levi, Guy, Tesla, Carvana, Edmunds, ChatGPT, Hertz's, Matt Quinn, CarGurus, Eugene Park Organizations: Hertz, EV, Hertz Global Holdings, U.S, Bolts, Car, Hertz Tesla, Tesla, ChatGPT, Hertz Car Locations: U.S, Massachusetts, Colorado, Edmunds, CarGurus
For over a decade, companies around the world have attempted to create smart contact lenses, but they never got down to incorporating electronic components to make a safe battery. LEE SEOK WOO: So, when I decided to work on contact lenses and the power supply to the smart contact lens, I was concerned about the safety because the lithium-ion battery has the issue of the explosion or catching fire. Unlike traditional contact lenses, smart contacts have the potential to do more than just correcting the users' eyesight. So, it might be hard to implant all the devices into one smart contact lens. And of course, the technology needs to be patented first before these smart contact lenses become a reality.
Persons: Let's, Lee Seok Woo, NESSA ANWAR, LEE SEOK WOO, Lee's, . LEE, LEE, Li Zongkang, LI Organizations: Nanyang Technological University's, of Electrical, Electronic Engineering, CNBC Locations: Singapore
Joe Benarroch, head of business operations at X, is leaving the company after one year. Benarroch was a close advisor to CEO Linda Yaccarino, previously working together at NBCUniversal. He is known as a hard-charging executive and his style has upset people at both NBCUniversal and X. AdvertisementX chief executive officer Linda Yaccarino's head of business operations, Joe Benarroch, is leaving the company, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. Before joining X, previously known as Twitter, the two worked together at Comcast company NBCUniversal, where Benarroch reported to Yaccarino, who was advertising chief at the time.
Persons: Joe Benarroch, Benarroch, Linda Yaccarino, , Linda Yaccarino's, Yaccarino Organizations: Service, Street, X, Twitter, Comcast, NBCUniversal, Business Locations: NBCUniversal
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA celebrity chef who skirted rent payments for four and a half years has officially been evicted from his Brooklyn apartment, according to media reports. Cowan first moved into the 1-bedroom $2,700/month apartment in October 2019, but he hasn't paid any rent since January 2020, the Post reported. AdvertisementIn Queens, New York, a couple is in a legal battle with a man refusing to leave their recently purchased $2 million home. The four-bedroom home had a pool, a spa, and a cabana — a lush dwelling while not paying rent.
Persons: , Madison Cowan, Cowan, hasn't, Cowan —, Scarlett Johansson, Mos, Halle Berry, Gus Sheha, Sheha Organizations: Service, New York Post, Business, WABC, Fox News Locations: Brooklyn, Queens , New York, New York City, Texas, Beverly Hills
Read previewWhen Steve Jobs launched the first iPhone in 2007, it was a landmark moment in Apple's history that involved the CEO of another Silicon Valley company: Google. Now, Apple is preparing to unveil its plans to dominate the internet again — with the help of another Silicon Valley company. Apple's plan to dominate the internet, againOn Monday, when CEO Tim Cook kicks off Apple's Worldwide Developer Conference (WWDC), he's expected to reveal a new vision of artificial intelligence by announcing a partnership with OpenAI. Time will tell if the deal is as powerful as Apple's search engine agreement with Google. AdvertisementOne thing is certain: Apple's about to pitch the world on its plans to dominate the internet in the AI age.
Persons: , Steve Jobs, Eric Schmidt, Google's, Apple, it's, Tim Cook, he's, Bloomberg's Mark Gurman, Dan Ives, OpenAI, Sam Altman Organizations: Service, Google, Apple, Business, Apple's, Conference, OpenAI, Rivals, Microsoft Locations: Bloomberg's
United Airlines CEO Scott Kirby said ULCCs are "going out of business." Kirby criticized no-frills carriers like Spirit for prioritizing cheap costs over customer service. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a candid interview with The Air Show podcast published on Monday, United Airlines CEO Scott Kirby said the carriers are "going out of business" due to bad business strategy and poor customer service. Kirby's comments point to no-frills carriers like Frontier Airlines and Spirit Airlines, which offer cheap tickets thanks to their unbundled fares and barebones planes.
Persons: Scott Kirby, Kirby, Organizations: United, Service, Air, United Airlines, Frontier Airlines, Spirit Airlines
Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating heading into the June 13 shareholder meeting. Bank of America reiterates Nvidia as buy Bank of America said it's sticking with its buy rating on shares of Nvidia . "We initiate coverage on Jazz Pharmaceuticals (JAZZ) with a Buy rating and 12-month price target of $169." Needham reiterates Coinbase as buy Needham said it's sticking with its buy rating on Coinbase . "We are initiating coverage of LFMD with an Overweight rating and $12 price target."
Persons: it's, ODFL, Morgan Stanley, Tesla, Elon, Gordon, Gordon Haskett, Oppenheimer, Uber, Guggenheim, Goldman, Bernstein, Needham, Coinbase, Raymond James, Meta, Key Organizations: BMO, Dominion, Bank of America, Nvidia, Barclays, Taiwan Semiconductor, Boston Beer, Materials, Applied Materials, JPMorgan, Citi, Apple, Apple's Worldwide, Conference, Disney, Walt Disney, Jazz Pharmaceuticals, EV, Meta, HSBC Locations: TSMC, China, U.S, CY25
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