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☆ Why are killer whale attacks on the rise? These scientists set sail to find out.
▼ + stars: | 2024-09-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Josh-Lederman-Circle-Byline-Template.Jpg | Josh Lederman | ) www.nbcnews.com time to read: +6 min

Over the last five years, roughly 700 orca run-ins have been recorded, according to the Atlantic Orca Working Group-GTOA, a partnership of Spanish and Portuguese scientists that monitors the Iberian killer whale population. Why Iberian orcas are attacking ships in the Strait of Gibraltar, one of the world’s busiest waterways, has quickly become one of the terrifying mysteries of the sea. An Iberian orca is captured tracking a vessel in the Strait of Gibraltar in footage obtained by rights group WeWhale. “They need to ram, they need to hit, they need to bite, to isolate this large tuna. The subspecies striking boats is called the Iberian orca, and its future is anything but certain.

Persons: Manuel Merianda, Merianda, Angela Neil, ”, Janek Andre, WeWhale, Andre, ” Bruno Diaz Lopez, Michael Fiorentino, orcas, ” Andre Organizations: Ocean, Orca, NBC News, NBC, orcas, WeWhale, Dolphin Research Institute, Coastal Management, Hoyo, International Union for Conservation Locations: GIBRALTAR, Africa, Spanish, Gibraltar, Barbate, Spain, Strait, Atlantic

☆ Elon Musk has beef with the FAA. The agency still puts in a lot of work for him.
▼ + stars: | 2024-09-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

A SpaceX spokesperson did not respond to a request for comment sent during the weekend. AdvertisementIn an interview on Monday at the All-In Summit, Musk mocked the FAA for the time it has taken the agency to approve SpaceX launches. An FAA spokesperson did not respond to a request for comment sent during the weekend. Unfortunately for the FAA, Musk isn't doling out any points for trying. Murray defended his office against claims from SpaceX and Musk that the agency was needlessly delaying the launch of Starship.

Persons: —, Elon, Musk, Steven Kulm, Daniel Murray, Murray, There's, Trump, Christian Grose, I'm, they're Organizations: Service, Federal Aviation Administration, SpaceX, Business, FAA, Elon, Biden Administration, New York Times, Transportation Office, Global Aerospace Summit, Bloomberg, Summit, Twitter, University of Southern Locations: DC, University of Southern California

☆ Oracle gave a glimpse of the power AI has on its business. Where investors should look next
▼ + stars: | 2024-09-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For the past three years, software stocks have suffered as revenue growth softened, and investors remain skeptical about when it will return. For Oracle, that's its cloud infrastructure — a service that has improved Oracle's fundamental growth story, Walravens argued. This strategic move positioned Oracle as a key player in AI, fueling growth in its infrastructure as a services (IaaS) business. Oracle Cloud Infrastructure is central to this growth, offering a suite of services for AI-driven workloads. SAP YTD mountain SAP stock performance year-to-date.

Persons: Raimo Lenschow, Pat Walravens, Walravens, Bernstein, Mark Moerdler, tailwinds, Goldman Sachs, Amy Hood, it's, Keith Bachman, Bachman Organizations: Oracle, Nvidia, Barclays, Investors, Software, Services, Microsoft, SAP, Citizens, CNBC, Google, Oracle Cloud Infrastructure, Microsoft Microsoft, AI Services, Wall, BMO

In Japan, for example, most people are actually quite satisfied with housing costs. In recent years, rising rents and home prices driven by a severe housing shortage — coupled with elevated mortgage rates — have caused Americans' housing costs to soar to near-record levels of unaffordability. Some experts have pointed to Japan, where housing costs are lower than peer countries, as a potential model for solutions the US could adopt. While Japan's abundance of housing isn't entirely a positive story, when it comes to Tokyo, housing experts say there are many lessons the US could learn from its ally. AdvertisementWhile a population slowdown could help moderate housing costs, some experts believe a substantial population decline would have big economic consequences in the long run.

Persons: —, aren't Organizations: Service, Business, Housing, Gallup Locations: Japan, Israel, Turkey, Slovenia, Portugal, United States, Tokyo

☆ Disneyland half marathon runner dies after voicing concern about the heat
▼ + stars: | 2024-09-14 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +10 min

Graves’ death may ultimately be part of a disturbing jump in the number of heat-related deaths, which have doubled across the country in recent years. Another child, a 10-year-old, died of a “heat-related medical event” in July while hiking in an Arizona park. ‘Attempted to save his life for about an hour’The Disneyland Halloween Half Marathon started at 5 a.m. last Sunday. “We’re sort of entering a new era of risk perhaps associated with these increasing temperatures,” Howard said. Before Sunday’s half marathon, Graves posted another TikTok video under his popular @calebtravels user name about the arrival of Disney race weekend.

Persons: Bobby Graves, Graves, Caleb, ”, “, ” Graves, Matt Sutter, Jeffrey Howard, Howard, ‘, Mickey, Minnie Mouse, Jacob Boyer, “ It’s, Jeff Gritchen, ” Sutter, Frank Gonzalez, Jessica Good, Sutter, Boyer, messaged, Wilson Sonsini Goodrich, ” Wilson Sonsini, ” Howard, CNN’s Jen Christensen, Natasha Chen, Deidre McPhillips, Mary Gilbert, Jillian Sykes, Dalia Faheid, Taylor Galgano, Zenebou Sylla, Laura Paddison, Amy O’Kurk, Angela Dewan Organizations: CNN, Disney, Anaheim Police, University of Texas, National Weather Service, ”, MediaNews, Orange, Register, Paramedics, Anaheim Fire, Orange County Sheriff’s Department, Georgetown University, Rosati, US Centers for Disease Control Locations: Southern California, Garden Grove, Orange County, Orange, Maine, California, Arizona , Georgia, Nebraska, Arizona, San Antonio, Anaheim, Sutter, “, Austin, Washington, – California, Arizona , Nevada, Texas, Santa Clara County , California

A national debt crisisAmericans are facing a credit card debt crisis, with millennials and Gen Z at the forefront of the struggle. If you're a consumer with average credit who tends to carry a credit card balance, McCarthy recommends seeking options for lower-interest repayment. If the Fed lowers interest rates as anticipated, you can expect personal loan interest rates to drop slightly, regardless of your credit score. "Many consumers struggling with high-interest debt have expressed confusion surrounding credit card APRs, and credit card companies are happy to keep it that way." "Many consumers believe that making the minimum payment is an effective way to manage their credit card debt," Elliot said.

Persons: —, Z, James McCarthy, McCarthy, Jeremy Schneider, Schneider, Sophia Bera Daigle, Daigle, you've, Mark Elliot, Elliot Organizations: Federal, Service, Federal Reserve, Consumer Financial Protection Bureau, National Foundation, Credit, JPMorgan Chase, Capital Locations: millennials, U.S

☆ Sam Altman may be in his villain era, but no one seems to care
▼ + stars: | 2024-09-14 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

As one VC partner told Business Insider at the time: "Sam is bigger than Taylor Swift." But the bigger you are, the faster the fall, and a few months later, things began to unravel. Others simply said Altman was overhyped, that he didn't have all the answers that the public and investors seemed to expect of him. Thanks to good old-fashioned capitalism, Altman and OpenAI have enjoyed business win after win and held their positions as the leaders in the aggressive AI race. "I thought Sam Altman did a really good job in the special," she told The Washington Post in a discussion about her TV program on artificial intelligence.

Persons: —, Sam Altman, Taylor Swift, Altman, Oscar, Scarlett Johansson, Johansson, Ilya Sutskever, Jan Leike, Leike, Anthropic —, Greg Brockman, OpenAI, Siri, Goldman Sachs, OpenAI fanboys, Wharton, Ethan Mollick, Anderson Cooper, Josh Kushner —, Oprah Winfrey Organizations: Service, OpenAI, Business, —, Leike, Apple, Microsoft, Nvidia, tech's, o1, Washington Locations: OpenAI —, Valley

☆ The stock market risks keeping Wall Street's biggest bulls up at night
▼ + stars: | 2024-09-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

The bulls on Wall Street have been largely right about the stock market over the past two years. Business Insider asked three bullish stock strategists what they consider the biggest risks. Yet, those economists have been largely wrong about what could sink the stock market and economy. "In May/June, when you had a lot of bears or those that had been late to jump on the bull parade all of a sudden switch their forecasts and kind of chase markets up, which is pretty, I mean pretty, pretty, pretty classic," Belski told Business Insider. The second risk is, similar to Belski's concern, a 1990's type melt-up in the stock market.

Persons: —, Brian Belski, Belski, Yardeni Research's Eric Wallerstein Eric Wallerstein, Wallerstein, that's, Carson, Sonu Varghese Sonu Varghese, Varghese Organizations: Business, Service, BMO, Nvidia, Yardeni Research, Carson Group, Federal Locations: Russia, Ukraine, China, Taiwan

☆ Russia begins efforts to expel Ukraine from Kursk but counter-attack is yet to gain momentum
▼ + stars: | 2024-09-14 | by ( Tim Lister | Kosta Gak | ) edition.cnn.com time to read: +8 min

Geolocated video shows that Russian units have retaken a couple of villages, but the situation remains fluid. Ukrainian President Volodymyr Zelensky has acknowledged the start of Russia’s counteoffensive and says it intends to deploy 60,000 – 70,000 troops in the Kursk region. An armed Ukrainian soldier stands on the street on September 10, 2024 in Sudzha, Kursk Region, Russia. There are also signs that Ukrainian units may be developing a new assault route into a different part of Kursk, near the town of Veseloe. War-displaced people spend time in a centre for displaced people in undisclosed location in Kursk region on August 29, 2024, following Ukraine's cross-border offensive into Russia's western Kursk region.

Persons: Volodymyr Zelensky, counteoffensive, –, Major, Pat Ryder, Oleg Palchyk, Wagner, ”, Robert Rose, Zelensky, Vladimir Putin, CNN’s Fareed Zakaria, ” Zelensky, Tatyana Makeyeva, Fareed Zakaria, Russia’s, Keir Starmer, Joe Biden, “, Biden, Rose, Matthew Schmidt, Schmidt Organizations: CNN, Ukraine, Defense, 51st Airborne Regiment, for, Russian, Getty, Modern, Institute, Washington DC, Biden Administration, NATO, Modern War Institute, University of New Haven, National Security, ” Locations: Kursk, Russia, Kursk “, Russian, Korenevo, Ukrainian, Sudzha, Kursk Region, Ukraine, Snahost, Veseloe, West, Donetsk, Pokrovsk, Kyiv, –, Washington, AFP, ” Kursk, Iraq

☆ Erling Haaland sets another Premier League goalscoring record in his sensational start to the season
▼ + stars: | 2024-09-14 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Since joining Manchester City, Erling Haaland has broken record after record, setting expectations for himself that are seemingly impossible to reach. Yet, somehow, he has continued breaking records this season, scoring nine goals in just four Premier League games – the most prolific start to a season ever, surpassing the previous best of eight set by Wayne Rooney. Haaland has been so dominant this season that his individual total of nine goals is more than any Premier League team, except his own Manchester City, has managed between them. And, on Saturday, only the width of a goalpost denied the Norwegian star an unprecedented run of hattricks in three consecutive Premier League games. Already, Haaland has become the fastest player to reach 50 Premier League goals, doing so in just 48 games – 17 faster than Andrew Cole’s previous record.

Persons: Erling Haaland, Wayne Rooney, Haaland, Naomi Baker, Ederson’s, Andrew Cole’s, Thierry Henry, “ He’s, ” Lineker, you’re, ” Organizations: CNN, Manchester City, Premier League, Premier League team, Brentford, City, Bees, BBC, CNN Sport Locations: Manchester, Norwegian

☆ S&P 500 rallies back to old highs, setting up Fed meeting to be make or break moment
▼ + stars: | 2024-09-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

The market's turn toward treating good economic news as positive for stocks is pictured here in a chart from Citi strategists, showing the three-month correlation between the S & P 500 and the Citi U.S. Economic Surprise index has turned sharply higher. The S & P 500's low for the week was Wednesday morning, right at the 5400 level where it previously hit a low a week ago Friday after a tepid employment report. Forward 12-month S & P 500 earnings forecasts continue to rise smartly, now approaching $270. But, thanks to the past two months of sideways churn, that's down from 21.7 when the S & P first hit its current level in July. And the rally last week could well have front-run any potential positive inference from the Fed's move next week.

Persons: Ally Financial, Ed Hyman, Loretta Mester, William Dudley, John Kolovos Organizations: Citi, Citi U.S, Fed, Ally, CPI, Wall Street, Financial Times, Treasury, National Association of Active Investment, American Association of

☆ United Airlines to offer free Wi-Fi using Starlink from Elon Musk's SpaceX
▼ + stars: | 2024-09-13 | by ( Leslie Josephs | Michael Sheetz | ) www.nbcnews.com time to read: +2 min

United Airlines said Friday that it plans to offer inflight Wi-Fi for free using Starlink from Elon Musk’s SpaceX on its hundreds of jetliners, the biggest inflight internet deal yet for the satellite service provider. The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher-paying customers like business travelers. Delta Air Lines announced in early 2023 that onboard internet would be free for members of its SkyMiles loyalty program. Hawaiian Airlines, which has a deal with Starlink, also offers complimentary inflight Wi-Fi. JetBlue Airways has offered free Wi-Fi for years.

Persons: United Organizations: Airlines, Elon Musk’s SpaceX, Delta Air Lines, Hawaiian Airlines, Starlink, Fi, JetBlue Airways, SpaceX, JSX, United, ViaSat, Panasonic, U.S, Atlantic, Pacific

United Airlines said Friday that it plans to offer inflight Wi-Fi from SpaceX's Starlink for free on its hundreds of jetliners, the biggest inflight internet deal yet for the SpaceX business. The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher paying customers like business travelers. Delta Air Lines announced in early 2023 that onboard internet would be free for members of its SkyMiles loyalty program. Hawaiian Airlines , which has a deal with Starlink, also offers complimentary inflight Wi-Fi. JetBlue Airways has offered free Wi-Fi for years.

Persons: United Organizations: Airlines, SpaceX, Delta Air Lines, Hawaiian Airlines, Starlink, Fi, JetBlue Airways, JSX, United, ViaSat, Panasonic, U.S, Atlantic, Pacific

☆ 6 Wall Street experts share why investors could be overestimating how much the Fed will cut rates after August's inflation report
▼ + stars: | 2024-09-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

The print is causing concern that inflation may not be going away, which would mean higher interest rates than markets expect going forward. Skyler Weinand, chief investment officer, Regan CapitalWeinand says the market's current outlook on rate cuts will only take place if the economy deteriorates significantly. If inflation does slow that much, the Fed would likely cut rates faster than just a quarter percent per meeting over the next 3-6 months," Adams said in an email. "However, the stickiness of service price inflation and shelter inflation suggests the Fed will cut rates slower than financial markets currently price in." This would be a disappointment to short-term bond markets that have priced over 250 bps of rate cuts by the end of 2025."

Persons: Brian Rose, UBS Global Wealth Management Rose, Rose, Skyler Weinand, Regan Capital Weinand, Bill Adams, Adams, Peter Perkins, MRB Partners Perkins, Josh Jamner, ClearBridge Investments Jamner, Chris Zaccarelli, Zaccarelli Organizations: Service, CPI, Business, UBS Global Wealth Management, UBS Global Wealth, Fed, Comerica Bank, MRB Partners, Investment, ClearBridge Investments, Independent, bps

☆ India’s EV conundrum: To invest in cars or charging points first
▼ + stars: | 2024-09-13 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

A little over two years after the switch, Fernandes regrets her decision: "I'll never ever buy an electric vehicle again." "A 4India’s EV conundrum: To invest in cars or charging points first0% charge should easily take me for another 40km, but it dropped to 0% within 5km," Fernandes said. In India, "Range anxiety" remains a significant hurdle preventing drivers from making the transition from internal combustion engine to EV cars, analysts said. "Charging infrastructure in India's electric vehicle market is still not fully developed, but companies want more vehicles on the road before they invest more. As of August 2023, Tata Motors dominated 72% of India's EV market, followed by MG Motors with with a 10.8% share.

Persons: Carmelita Fernandes, Fernandes, Brajesh Chhibber, Chhibber Organizations: Tata Nixon, CNBC, Bain & Company, McKinsey India, Tata Motors, MG Motors, Mahindra & Mahindra, Citroen, Hyundai, Kia Locations: Indian, Pune, India, Bombay, Maharashtra, Mumbai, Goa, Canalys

☆ Brain scans show teen girls aged 4 years faster than boys during COVID lockdowns. We asked the researcher what that means long-term.
▼ + stars: | 2024-09-13 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

AdvertisementThe average acceleration for teen girls was 4.2 years, compared to 1.4 for boys. It comes at a time when teen girls have seen a sharp rise in sadness and hopelessness, often attributed to social media use. The team measured cortical thinning, a natural process that usually begins in late childhood and is believed to improve cognitive performance. Cortical thinning isn't always negativeCorrigan said there's a lot we still don't know about cortical thinning, such as whether it's reversible. It's believed that the cortex thins to reduce the effect the environment has on brain development, Corrigan said.

Persons: —, COVID lockdowns, Dr, Neva Corrigan, Corrigan, It's, Bradley, Peterson Organizations: Service, University of Washington, Business, Children's Hospital Los, New York Times Locations: Children's Hospital Los Angeles

☆ Trump wins a new, quicker path to SCOTUS overturning his felony conviction
▼ + stars: | 2024-09-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewLate Thursday morning, Donald Trump lost his last state-level appeal of his hush-money gag order. These two new legal losses now leave the door open for Trump to run to the US Supreme Court, according to constitutional law expert Michel Paradis. New York CourtsBoth losses are eligible under federal statute for Trump to seek Supreme Court review, also known as petitioning for "certiorari," or "cert" for short. Related stories"Ordinarily, the Supreme Court will only agree to hear questions that were decided by a lower court. AdvertisementAnd because Trump is Trump — and because "the Supreme Court can basically do whatever it wants" — the former president will likely dream big, Paradis predicted.

Persons: —, Donald Trump, Michel Paradis, Trump, Paradis, Appeals, Donald Trump's, Hope Hicks, wouldn't, Bush, Gore Organizations: Service, Business, Trump, Columbia University School of Law, New Locations: Manhattan, New York, they're

The Fed is expected to cut rates multiple times this year and in 2025, which means mortgage rates should continue decreasing. Will mortgage rates drop when the Fed cuts rates? If he or other Fed officials indicate that bigger rate cuts could be coming, mortgage rates may inch down. How Fed rate cuts affect mortgage ratesChanges to the federal funds rate don't directly impact mortgages, but mortgage rates tend to trend up when the Fed raises rates and go down when it lowers rates. The Fed could lower rates substantially by the time we reach the 2025 buying season, which means mortgage rates may be a lot lower, too.

Persons: Freddie Mac, Dan Burnett, Burnett, Jerome Powell, Powell, Fannie Mae, Scott Haymore Organizations: Fed, Federal Reserve, Housing Survey, TD Bank

☆ Greenland: Mystery of a mega-tsunami that made the Earth vibrate for 9 days has been solved
▼ + stars: | 2024-09-13 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

CNN —It started with a melting glacier that set off a huge landslide, which triggered a 650-foot high mega-tsunami in Greenland last September. And no place was immune; the signal traveled from Greenland to Antarctica in about an hour, he added. Eastern Greenland had never experienced a landslide and tsunami like this before, Svennevig said. The threat goes beyond Greenland, Svennevig said; similar-shaped fjordsexist in other regions, including Alaska, parts of Canada and Norway. Recent rock avalanches in the Arctic as well as in Alpine regions, are “an alarming signal,” she told CNN.

Persons: Stephen Hicks, ”, Seismologists, Søren Rysgaard, Svennevig, Dickson, sloshing, “, Hicks, Paula Snook, ” There’s, Lena Rubensdotter Organizations: CNN, University College London, Western Norway University of Applied Sciences, Geological Survey Locations: Greenland, Denmark, Dickson, Dickson Fjord, Antarctica, Eastern Greenland, Alaska, Canada, Norway

☆ Why credit card fraud alerts are rising, and how worried you should be about them
▼ + stars: | 2024-09-12 | by ( Michelle Castillo | ) www.cnbc.com time to read: +2 min

The rate of fraud alerts is "absolutely" going up, according to Deloitte U.S. risk & financial advisory principal Satish Lalchand. About 60% of credit card holders in 2023 experienced some sort of attempted fraud, according to Experian. "Fraud in general across all channels, whether it's check fraud, credit card fraud payments, the peer-to-peer payments, everything, is significantly increasing at a very rapid pace," Lalchand said. It has forecast a persistent threat that could reach nearly $400 billion in card fraud in the decade to 2032. "When we come down to credit cards, financial institutions are investing more in the concept of fraud and fraud modernization, replacing older technology and having better fraud detection capabilities, and retuning their alerts," Lalchand said.

Persons: it's, Satish Lalchand, Lalchand, Nilson, That's Organizations: Deloitte U.S, Global, U.S, Visa

Mortgage rates have dropped nearly 20 basis points this week, with 30-year rates now near 5.7%, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have inched down this week and are now hovering near 5.7%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Because markets are already anticipating that the Fed will lower rates, mortgage rates might not drop much in response to a Fed rate cut.

Persons: you'll, Freddie Mac, it's Organizations: Reserve, of Labor Statistics, Fed, Zillow Locations: Chevron

☆ Applying to jobs is tough, try doing it 2,200 times
▼ + stars: | 2024-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, this guy is ready to give up after applying to nearly 2,200 jobs . The big storyNot hiringKevin Cash Ben BoxerHow tough is the current job market? AdvertisementThe job market is in a weird spot these days. On paper — and maybe in another labor market — Kevin appears to be the perfect candidate. It's a tough reality check for employees who previously held all the power in the job market.

Persons: —, Zer, Kevin Cash Ben Boxer, Kevin Cash, Tim Paradis, Kevin, it's, Forget, Tyler Le, we're, duMond, Chip Somodevilla, Alyssa Powell, Harris, Rebecca Zisser, Elon, Apple, Jensen, Goldman Sachs, David Soloman, Huang, Chelsea Jia Feng, Trump, Brian Niccol, We're, Niccol, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Mensa, BI Trump, Oppenheimer, Fed, Twitter, Nvidia, Kroger, London Locations: San Francisco, Austin, New York, London

☆ South Korea’s Hyundai and US’ GM to work together on developing new cars
▼ + stars: | 2024-09-12 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Hyundai and General Motors (GM) have agreed to look for ways to work together on developing new vehicles, supply chains and technologies in an effort to cut costs and move more quickly. Global carmakers are under intense pressure to come up with new electric vehicle (EV) and battery technology because they face vehicle emissions regulations around the world. South Korea’s Hyundai and America’s GM (GM) said on Thursday they would collaborate on joint product development, manufacturing and future clean energy technologies. The non-binding framework agreement was signed by Hyundai Motor Executive Chair Euisun Chung and GM Chair and CEO Mary Barra. Including its affiliate Kia, Hyundai Motor is the world’s third-largest automaker by sales, according to Reuters, while GM is currently America’s largest carmaker, having retaken that title from Toyota in 2022.

Persons: Hong Kong CNN —, They’re, Euisun Chung, Mary Barra, “, ” Barra, ” Chung, Cruise Organizations: Hong Kong CNN, Hong Kong CNN — Hyundai, General Motors, Global, EV, Korea’s Hyundai, America’s GM, Hyundai Motor, Kia, Hyundai, Reuters, GM, Toyota, Nissan, Renault, Honda, — Locations: Hong Kong, Japan

☆ Wholesale inflation slowed again last month
▼ + stars: | 2024-09-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —US producer prices continued to cool overall in August, showing that inflation across the economy is improving. But a closely watched measure of underlying inflation remained stubbornly elevated, reflecting the bumpiness in reining in price hikes. August’s monthly increase was driven by a 0.4% gain on the services side, as goods prices were unchanged, thanks in part to falling energy prices. Economists had expected that prices would increase 0.2% on a monthly basis and 1.8% annually, according to FactSet estimates. Excluding the more volatile categories of food and energy, core PPI advanced 0.3% from July, countering a 0.2% decline seen the month before.

Persons: Price Organizations: CNN, of Labor Statistics, PPI, Federal Reserve Locations: US, reining

☆ Signet Jewelers CEO talks 'cautious' consumers looking to get engaged
▼ + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Thursday interview with CNBC's Jim Cramer, Signet Jewelers CEO Gina Drosos described the mood of consumers looking to buy engagement rings, saying demand is there, but many are more judicious when picking out diamonds. "We thought that engagements might come back a little faster, but there is a cautious consumer," Drosos said. She added that "newness" accelerated during the quarter, and customers are responding well to new products like sculpted gold. On the conference call, Drosos said Signet saw a 50% increase in revenue from new merchandise. Signet reported a mixed quarter before Thursday's open, with management optimistic about the momentum of same-store sales.

Persons: CNBC's Jim Cramer, Gina Drosos, Drosos, Jared, Zales, Kay Jewelers, Signet Organizations: Signet, Google

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