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☆ Romanian authorities seize $4 million of assets in Andrew Tate case
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] Andrew Tate and his brother Tristan are escorted by police officers outside the headquarters of the Bucharest Court of Appeal, in Bucharest, Romania, January 10, 2023. Inquam Photos/Octav Ganea via REUTERSBUCHAREST, Jan 15 (Reuters) - Romanian authorities said they have seized goods and money worth 18 million lei ($3.95 million) as a part of a criminal inquiry into alleged human trafficking that led to the arrest of divisive internet personality Andrew Tate. Andrew Tate, his brother and two Romanian female suspects were detained on Dec. 29 on charges of forming a criminal gang to exploit six women sexually. Andrew Tate, a former contestant on the UK reality show Big Brother, gained notoriety for misogynistic remarks and hate speech. Tate, who holds U.S. and British nationality, has said women are partially responsible for being raped and that they belong to men.

☆ Romanian prosecutors take away luxury cars seized in Andrew Tate case
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +2 min

[1/3] Romanian officials transport the cars seized from Andrew Tate's compound to a storage location in Pipera, Ilfov, Romania, January 14, 2023. Inquam Photos/Octav Ganea via REUTERSVOLUNTARI, Romania, Jan 14 (Reuters) - Romanian authorities started on Saturday to take away luxury cars seized as part of criminal inquiry into alleged human trafficking that led to the arrest of divisive internet personality Andrew Tate. Romanian anti-organised crime prosecutors detained Tate, his brother Tristan and two Romanian female suspects on Dec. 29 on charges of forming a criminal gang to sexually exploit six women. Tate, a former contestant on the UK reality show Big Brother, gained notoriety for misogynistic remarks and hate speech. Tate, who holds U.S. and British nationality, has said women are partially responsible for being raped and that they belong to men.

☆ Romanian court to rule on ex-kickboxer Tate's challenge to detention
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +3 min

BUCHAREST, Jan 10 (Reuters) - A Romanian court is due to rule on Tuesday on a challenge filed by Andrew Tate, an internet personality notorious for hate speech, against his 30-day arrest for alleged human trafficking and formation of an organised crime group to exploit six women. Tate, his brother Tristan and two Romanian female suspects were detained by Romanian anti-organised crime prosecutors on Dec. 29 pending a criminal investigation. Prosecutors have said the Tate brothers recruited their victims by seducing them and falsely claiming to want a relationship. Should the court uphold the arrest warrant and the investigation need more time, prosecutors can seek approval for further extensions of up to 180 days of detention under Romanian law. Tate said, adding his business started with two girlfriends and peaked with 75 women working for him and earning $600,000 a month.

☆ High-end car manufactures report record numbers
▼ + stars: | 2023-01-09 | 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 EmailHigh-end car manufactures report record numbersCNBC's Robert Frank joins 'The Exchange' to discuss Rolls-Royce's record breaking numbers in 2022, the strong demand for high-end vehicles and the top market for EV luxury vehicles.

☆ Trump's top money man, Allen Weisselberg, is braced to begin time at NYC's notorious Rikers jail on Tuesday
▼ + stars: | 2023-01-09 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

A judge will likely order he immediately begin serving 5 months in NYC's notorious Rikers Island. Himself a veteran of Rikers, Rothfeld did say this — it won't be easy. A board containing confiscated shanks from Rikers Island is displayed during a press conference with Mayor Eric Adams on Rikers Island on June 22, 2022. The Rikers Island jail complex in New York City, with the Manhattan skyline in the background. The Trump Organization now faces up to $1.6 million in fines; Merchan is scheduled to set the amount at a January 13 sentencing.

☆ The race to make electric cars cheaper is making electric cars more expensive
▼ + stars: | 2023-01-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Electric cars aren't exactly the most affordable right now. The world of batteries influences your EV's price tagAutomakers are pouring more than $515 billion into all-electric lineups over the next several years. Mercedes is only making newly launched cars electric starting in 2025. Scaling up will inherently make electric cars less expensive over time. But, driving costs back down, he says: "The lithium prices will trigger more supply to enter the market."

☆ Tesla or Rivian? The pros predict what 2023 will look like for the two stocks
▼ + stars: | 2022-12-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

It's been a tumultuous year for electric vehicle stocks, and two investor favorites, Tesla and Rivian , have been no exception. More recently, in early December, he told CNBC Pro that his price target for Tesla is $304. For now, we view this as short-term noise and, over the medium to long term, see Tesla's stock tied to Tesla's earnings." Evercore gave Rivian a price target of $35 for 2023, or 97% upside — lower than its 220% for Tesla. "The fact that Ford decided to sell Rivian stock rather than partner with Rivian is a long-term problem," he added.

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☆ Tax credit confusion could create a rush for electric vehicles in early 2023
▼ + stars: | 2022-12-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

That means the rules will, temporarily, be more generous, allowing higher tax credits on more electric vehicles, for the first few months of the new year. The latest announcement, which will temporarily open up more tax credit money, is likely mostly a good thing for consumers. Figuring out who and what qualifiesThe lopsided tax credit at the start of the year is just one of several potential sources of confusion. Under the new EV tax credit rules, the Chevrolet Bolt EV and EUV are eligible for tax credits in the new year. That was the limit for any given manufacturer under the outgoing tax credit requirements.

☆ Buying a car is finally easier — but watch out for high interest rates and lingering inventory issues
▼ + stars: | 2022-12-16 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Easing supply chain crises mean more vehicles on lots, used vehicle prices are down, and demand is normalizing. "There's really not a lot of ways to escape them unless you are willing to change the car that you're buying," Drury said. As far as luxury cars go, there aren't many deals to be found, he added. Used cars are displayed on the sales lot at Marin Acura in July 2021. Car-buyers might find a used vehicle could suit their needs while they hold out for lower prices surrounding new vehicles.

☆ Apple is delaying its long-rumored self-driving car until 2026 and shifting its futuristic design to include a steering wheel and driver's seat, report says
▼ + stars: | 2022-12-06 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Apple is scaling back plans for a fully autonomous vehicle. The vehicle's autonomous capabilities would have surpassed those of seasoned automakers like Tesla and Waymo. Now, Apple is putting its plans on pause and scaling back its ambitious vision for a fully autonomous future. And instead of a limousine-style interior, the car will be designed like a traditional vehicle with a driver's seat, Bloomberg noted. The department has about 1,000 employees who are spread across the US and Europe, according to Bloomberg.

☆ 2 women are suing Apple alleging that former partners hid AirTags in a car and a child's backpack and used the devices to stalk them
▼ + stars: | 2022-12-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Two women are suing Apple over its AirTag device, saying former partners used the trackers to stalk them. In the class-action suit, filed in San Francisco, one plaintiff says an AirTag was hidden in her car. In response, Apple has introduced updates since its 2021 release – when AirTags were reported by one outlet as being "stalker-proof." She could only get the device to beep once, before finding it hidden in the wheel well of her car. She then found an AirTag in the child's backpack and got rid of it – before it was replaced with another.

WASHINGTON, Nov 21 (Reuters) - Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the U.S. Justice Department said on Monday. They also made victims invest in a virtual currency bank called Polybius Bank, which in reality was not a bank and never paid out the promised dividends, the Justice Department said. "The size and scope of the alleged scheme is truly astounding," said Assistant Attorney General Kenneth Polite Jr of the Justice Department's criminal division. "U.S. and Estonian authorities are working to seize and restrain these assets and take the profit out of these crimes." The money laundering conspiracy allegedly involved at least 75 real properties, six luxury vehicles, cryptocurrency wallets, and thousands of cryptocurrency mining machines, according to the department, which said the case was probed by the FBI.

☆ New car prices are finally coming down. But not by much
▼ + stars: | 2022-11-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —New car prices are finally coming down. Over the past few months, though, prices have fallen to only about $230 over MSRP, on average, according to Edmunds. Land Rover models, on average, still sell for $4,500 over sticker price while Kia models sell for about $1,600 over sticker price. For the past 17 months, though, according to Cox Automotive, vehicle inventory shortages have enabled car dealers to push prices above MSRP. Used car prices are also starting to come down a bit, something that could prod new car shoppers back into the market, said Drury.

☆ U.S. announces takedown of massive catalytic converter theft ring
▼ + stars: | 2022-11-02 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Nov 2 (Reuters) - U.S. authorities on Wednesday said they have taken down a nationwide ring to steal thousands of catalytic converters from cars and trucks, charging 21 people and seizing millions of dollars in assets. Catalytic converters are vehicle exhaust devices that convert toxic gases into safer emissions. Authorities are seeking the forfeiture of that sum, after seizing other assets including homes, bank accounts, luxury vehicles and cash. "They made hundreds of millions of dollars in the process -- on the backs of thousands of innocent car owners." Reporting by Jonathan Stempel in New York; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ First prosecution witness in Trump Org trial is still paid $450K a year — by the Trump Org
▼ + stars: | 2022-11-01 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Steinglass asked, in one awkward confrontation, as he labored to reacquaint himself in public with his own witness. Steinglass asked. Also paid for by the Trump Organization, McConney testified. "His attorney in fact is paid by the Trump Organization," Steinglass argued to the trial judge, state Supreme Court Justice Juan Merchan, outside the jury's hearing. Two subsidiaries of the Trump Organization — the Trump Corporation, which employs its executives, and the Trump Payroll Corporation, which pays those executives — are charged in a 15-year tax-dodge scheme.

☆ HSBC upgrades Ferrari to buy, says luxury carmaker stock is 'not expensive'
▼ + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Analyst Edoardo Spina upgraded Ferrari to buy from hold, and lowered his price target, saying the carmaker will continue to maintain earnings momentum from here. "Quarter after quarter and year after year, Ferrari has almost flawlessly delivered on a textbook luxury strategy – exclusivity, pricing and delivering highly desirable products. Given this track record we see no reason to doubt its 2026 targets," Spina wrote in a Thursday note. While luxury names are not necessarily recession proof, the analyst said Ferrari can be, as demand for its luxury vehicles remain robust in a downturn. Regardless, the new price target is roughly 20.5% above the Oct. 25 closing price of €199.05, according to the note.

☆ America's cars and trucks are getting bigger, and so are their front blind zones. Children are paying the price.
▼ + stars: | 2022-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Headshot_Small.Png | Adiel Kaplan | ) www.nbcnews.com time to read: +13 min

Front cameras could help prevent these deaths, safety experts say. On Monday, he announced legislation that would make front blind zone safety features mandatory for motor vehicles. After Congress passed a law to improve rear blind zone safety nearly 15 years ago, it took a decade — rulemaking, regulatory delays and a multiyear rollout — before it fully went into effect. Blumenthal’s bill directs regulators to determine what technology, such as cameras or sensors, to require to make front blind zones safer, much like the rear blind zone law did. But she believes the best way to prevent future tragedies is widespread use of blind zone cameras.

☆ China's flood of new electric cars cost 20% more to insure than fuel-powered cars
▼ + stars: | 2022-09-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesBEIJING — While Chinese companies churn out new electric cars, local insurance firms think they're more expensive to cover. But repair costs are another reason for higher insurance prices, since "fewer places have the capability to service electric cars in the U.S.," Gardner said. watch nowIn the U.S., Insurify's analysis of the U.S. market found there was no difference in accident rates among electric cars, hybrids and combustion engine cars. But by official Chinese statistics, new energy vehicles in the country are more prone to fires than traditional fuel-powered ones. Electric cars are based on a platform system, and certifying safety can be faster, he said, noting potential use of virtual testing scenarios, or the ability to test individual parts.

"It's an enormous first step," Carlisle said, adding that GM is in talks about similar deals with other rental car companies. read moreAutomakers have cut reliance on low-profit, bulk sales to rental car agencies as supply chain problems curtailed production. Carlisle said GM expects to deliver electric vehicles to Hertz at close to retail profit margins. The first GM electric vehicles to ship to Hertz will be Chevrolet Bolt models starting early next year, Carlisle said. GM expects Hertz to deploy many of its EVs in Los Angeles and San Francisco, helping to meet California electric vehicle quotas.

☆ Fraudsters used a fake-name generating website to steal $250 million meant for hungry children, Justice Department alleges
▼ + stars: | 2022-09-20 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

According to prosecutors, the accused exploited the federal Child Nutrition Program, which provides free or low-cost meals to impoverished children. Feeding Our Future, in turn, collected $18 million in administrative fees for disbursing that money, according to the indictment. In 2019, it dispersed $3.4 million in federal aid, according to prosecutors, rising to nearly $200 million in 2021. Those involved in the scheme, prosecutors claim, spent proceeds on travel, luxury vehicles, and property in Minnesota, Ohio, and Kentucky — as well as real estate in Turkey and Kenya. A search warrant, executed in January, accused Bock of accepting a $310,000 payment from one client, Sahan Journal reported.

Redeeming credit card rewards for a stay in the Maldives can save you thousands of dollars. I'll no longer use points for Maldives resorts after an all-inclusive stay that was a much better value. As COVID-19 was sweeping the globe, speculative bookings to faraway places like the Maldives plummeted amid the uncertainty in future travel restrictions. In order to generate revenue, many hotels in the Maldives started offering great deals on fully refundable all-inclusive package deals. Here's how seven days at The Standard Huravalhi Maldives permanently changed my booking approach to one of my favorite destinations.

Persons: —, I'd, Marriott, Ethan Steinberg, we'd, It's, I'm, Shak, Ethan Steinberg Gudaguda, I've, they're, they'll, who's, Zinah, Ethan Steinberg We'd Organizations: Service, Marriott, Malé Locations: Maldives, Malé, Maldivian, KULA, Regis

☆ Best credit cards for car rentals 2023: Coverage and benefits
▼ + stars: | 2022-02-16 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +19 min

Best credit cards for car rentals in 2023How does credit card car rental insurance work? Typically, your personal car rental insurance will cover you in these situations or you can purchase separate policies from the car rental company. Getty ImagesYou’ll also notice that there are two different types of credit card car rental coverage: primary and secondary. Best card for renting cars for small businessesChaseIf you’re looking for a credit card to cover you while traveling for business, the Ink Business Cash Credit Card is the perfect pick. Frequently asked questions about rental car credit cardsRenting a car with your credit card can cause some confusion.

☆ Here's what the limos of 8 world leaders look like
▼ + stars: | 2019-06-12 | by ( Mark Matousek | Graham Rapier | ) www.businessinsider.com time to read: +1 min

Many world leaders travel in luxury vehicles. US President Joe Biden, for example, rides in a $1.5 million Cadillac nicknamed "the Beast." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMany world leaders travel in style, using armored luxury vehicles to get around. These are eight of the limousines used by world leaders:

Persons: Joe Biden, —, Charles III, Bentley, Queen Elizabeth II, England Organizations: Service

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