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CNN —The House is expected to take up a GOP stopgap bill to extend government funding on Friday – but House Speaker Kevin McCarthy appears to lack the votes to pass it and Congress is still on track to trigger a government shutdown. McCarthy is gearing up to have his chamber consider a GOP stopgap bill with border provisions attached as House GOP leaders have insisted that border security must be addressed as part of the spending fight. “I still got time, I got time to do other things,” McCarthy responded when asked by CNN’s Manu Raju what will happen if the stopgap bill fails. Separately, House GOP leaders brought a series of spending bills to the floor Thursday evening as they try to show conservatives they are working in good faith to advance full-year funding bills. Meanwhile, the Senate is working to advance a bipartisan stopgap bill that would keep the government open through November 17 and provide additional aid to Ukraine and disaster relief.

Persons: Kevin McCarthy, McCarthy, ” McCarthy, CNN’s Manu Raju, GOP Sen, Rand Paul Organizations: CNN, GOP, California Republican, of Agriculture Locations: California, Ukraine

☆ PCE: Gas prices heated up inflation last month, but there's also welcome progress for the Fed
▼ + stars: | 2023-09-29 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

Minneapolis CNN —Higher gas prices heated up overall inflation last month, but the Federal Reserve got some welcome news: Its preferred inflation gauge cooled to its lowest level in two years. The core Personal Consumption Expenditures index, a closely watched inflation measure that excludes gas and food prices, rose 3.9% for the 12 months ended in August. However, it also was largely expected: Gas prices heated up last month as well. The Commerce Department’s monthly Personal Income and Outlays reports are typically closely watched as they provide a comprehensive account of pricing, income and spending data. Other federal data at risk for delays could include key housing and auto sales data, Census Bureau data, PCE and GDP reports, among others.

Persons: ” Andrew Patterson, ” Patterson, ” Dana Peterson, “ That’s, ”, that’s, Price, Security Administration’s, “ We’ve, ” Vanguard’s Patterson, “ Organizations: Minneapolis CNN —, Federal Reserve, Commerce Department, Vanguard, CNN, Energy, “ Energy, Consumers, Commerce, Conference Board, Labor, Department, Bureau of Labor Statistics, Price, Security, Adjustment, Labor Department Locations: Minneapolis, Saudi Arabia, Russia

Moves in bond yields, implied inflation breakeven rates, and inflation-adjusted 'real' yields suggest investors anticipate the Fed's 'higher for longer' interest rate policy will help lower inflation to around 2.5%. But this is not a re-pricing of the Fed's near-term trajectory, rather a repricing of the longer term economic and inflation outlook. This suggests the Fed is entering a phase of structurally higher rates than perhaps policymakers themselves, and certainly investors, had anticipated. Many analysts are skeptical that moves in bond yields can be broken down, quantified and compartmentalized with any great degree of accuracy. TIPS are a key market-based barometer of investors' inflation expectations, but they have their flaws.

Persons: Austan Goolsbee, Goldman Sachs, Marvin Barth, Barth, Torsten Slok, Jamie McGeever, Christina Fincher Organizations: Chicago Fed, CNBC, Securities, Apollo Global Management, Reuters, Thomson Locations: ORLANDO, Florida

☆ Companies turn to crisis PR firms when money, reputation is at risk
▼ + stars: | 2023-09-24 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +12 min

“A scandal breaking on a Tuesday is very different than one breaking on a Friday, because on Tuesday you’re going to have the rest of the week for stories to drop and snowball. You need to stick with the stance you’re taking, and it might mean you’re going to lose a subset of your audience. Dylan Mulvaney/InstagramThe most prominent case study experts pointed to was the Bud Light public relations fiasco in April, when America’s erstwhile No. “Oftentimes, now, the bigger risk is the social media spread.”“Prior to social media, people felt less empowered to share their opinions,” said Jennings. Often for crisis communication, you’re not trying to counter the reality, you’re trying to counter the perception.”However, as much as social media stokes the flames of PR crisis, the platforms can be effective mitigation tools.

Persons: “, ”, Ben Kaplan, ’ ”, Lauren Jennings, Alison Brod, Jennings, Rather, Evan Nierman, Deborah Hileman, Kaplan, we’re, We’re, Nierman, Dylan Mulvaney, Bud Light, Bud, influencer Dylan Mulvaney, Mulvaney, Bud Light’s, Brendan Whitworth, ” …, you’re, Johnson, ” “, stokes, that’s Organizations: CNN, Top Agency, Alison Brod Marketing, Communications, Institute for Crisis Management, InBev, Anheuser, Busch, Facebook, YouTube Locations: “

☆ Spain's ex-soccer boss Rubiales due in court in sex assault investigation
▼ + stars: | 2023-09-14 | by ( Emma Pinedo | ) www.reuters.com time to read: +3 min

It also sent a shudder through the male-dominated ranks of Spain's football establishment. Rubiales, 46, has maintained that the kiss was mutual and consensual. After weeks of resisting calls for him to step down as president of the Royal Spanish Football Federation (RFEF), Rubiales, already suspended by FIFA, finally quit on Sept. 10. The RFEF has since sacked women's team coach Jorge Vilda, appointing his assistant Montse Tome instead as the first woman at its helm. Reporting by Emma Pinedo, editing by Andrei Khalip and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Luis Rubiales, Jenni Hermoso, Piers Morgan, Yolanda Diaz, chauvinsim, Marta Durantez Gil, Hermoso, Rubiales, Francisco de Jorge, De Jorge, Jorge Vilda, Montse Tome, Striker Olga Carmona, Emma Pinedo, Andrei Khalip, Angus MacSwan Organizations: Royal Spanish Football Federation, FIFA, High, Rubiales, TVE, government's, women's, Thomson Locations: MADRID, Spanish, Sydney, British

☆ Why Republicans Could Impeach a Liberal Judge Before She’s Heard a Case
▼ + stars: | 2023-09-06 | by ( Reid J. Epstein | More About Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Republicans in Wisconsin are coalescing around the prospect of impeaching a newly seated liberal justice on the state’s Supreme Court, whose victory in a costly, high-stakes election this spring swung the court in Democrats’ favor and threatened the G.O.P.’s iron grip on state politics. The drama over Republican threats to impeach and possibly remove Justice Protasiewicz could raise new questions about democracy and the legitimacy of elections in a state where G.O.P. For Republicans, the liberal Supreme Court majority serves as an existential danger. If the court, as expected, invalidates Wisconsin’s legislative maps, it would strip Republicans of what now amounts to permanent majorities in the Legislature. But removing a newly elected justice could prompt a backlash in 2024 from Democrats and moderate Republican voters who abandoned the G.O.P.

Persons: ’, Janet Protasiewicz, Protasiewicz Organizations: Republican, Trump Locations: Wisconsin

☆ Kamala Harris allies are privately grumbling that Gavin Newsom's plan to debate Ron DeSantis is 'disrespectful' to the VP as they see the move as early jockeying for 2028, report says
▼ + stars: | 2023-08-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Several Biden and Harris advisors have reservations about a potential Newsom-DeSantis debate, per NBC News. Some Democratic advisors think the debate could boost DeSantis' struggling presidential campaign. And some of Harris' allies think Newsom would use a debate to elevate himself ahead of 2028. And the frustration extends to allies of Vice President Kamala Harris, according to the news outlet. Biden campaign spokesman Kevin Munoz told NBC News that the campaign didn't have an issue with the debate.

Persons: Harris, Newsom, Gavin Newsom hasn't, Ron DeSantis, Joe Biden, DeSantis, Sean Hannity, Kamala Harris, Biden, Donald Trump's, That's, Kevin Munoz, Munoz Organizations: Biden, NBC, Service, Florida Gov, Democratic, Fox News, GOP, Golden State, DeSantis, Florida Department of Education, The Associated Press, NORC, for Public Affairs Research, NBC News Locations: Wall, Silicon, California, Florida

☆ DeSantis Super PAC will launch a $25 million ad blitz in Iowa and New Hampshire to reverse campaign's slide in the GOP presidential race
▼ + stars: | 2023-08-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Never Back Down is looking to reverse DeSantis' presidential campaign slump with a sizable ad buy. DeSantis has promoted his conservative record on the trail, but Trump continues to dominate the GOP race. Top officials for Never Back Down, who were encouraged by DeSantis' debate performance on Wednesday, outlined their strategy at a lunch shortly before the debate, according to The Post. Such a development would also be welcome news amid headlines about layoffs and campaign shakeups in the DeSantis campaign. AdvertisementAdvertisement"We are totally dominating DeSanctus right here in the state of Florida," Trump said at the time, mispronouncing the governor's last name.

Persons: DeSantis, Trump, Ron DeSantis —, Donald Trump, Vivek Ramaswamy, Kristin Davison, " Davison, Joe Biden, DeSanctimonious, Ramaswamy Organizations: GOP, Service, White, The Washington Post, Gov, Republican Locations: Iowa, New Hampshire, Wall, Silicon, Florida, coalescing

But in advance of this debate, I did go back and watch the 2015 Republican debate. michelle cottleOK. I’m going to jump in here with the message may be great, but the messenger was absolutely atrocious. But I thought it was really, really interesting. carlos lozadaNo, no, no, but no, here’s what — no, I mean, I’m not inclined to. And then, I’m going to put the interests of Americans first, which is just an America first riff.

Persons: lydia polgreen, ross douhat Bemusement, michelle cottle, polgreen Wow, ross douhat, lydia polgreen Carlos, carlos lozada Darkness, carlos lozada, Mike Pence, Lydia Polgreen, michelle cottle I’m Michelle Cottle, ross douhat I’m Ross Douthat, carlos lozada I’m Carlos Lozada, you’re, Vivek Ramaswamy, Ramaswamy, Ron DeSantis, Nikki Haley, Pence, carlos lozada That’s, Lydia, Prince, carlos lozada —, Tucker Carlson, Carlos, John Kasich, Scott Walker, Jeb Bush —, Ross, ross, It’s, he’s, Trump, lydia polgreen We’re, ross douhat Punditry, yammering, He’s, Michelle, that’s, — michelle cottle, she’s, She’s, lydia polgreen —, michelle cottle He’s, I’m, Obama, —, Chris Christie, Marco Rubio, Haley, michelle cottle ChatGPT, carlos lozada ChatGPT, ross douhat We’ve, — carlos lozada There’s, Pudding Fingers, DeSantis, unquote, ”, it’s, Christie, Tim Scott —, hasn’t, carlos lozada DeSantis’s, George Soros, — carlos lozada —, I’ve, ross douhat Totally, Donald Trump, — ross, Chris Christie can’t, ross douhat Trump, Tim Scott, Vivek’s, carlos lozada He’ll, — ross douhat, Tucker, Jeffrey Epstein, polgreen, Epstein, Biden, lydia polgreen He’s, They’re, Asa —, carlos lozada It’s, michelle cottle That’s, michelle cottle Oh, we’re, you’re Donald Trump, carlos lozada Well, who’s, Mel Gibson, Anthony Hopkins, Caroline Alexander, — carlos lozada, michelle cottle Aw, ross douhat It’s, David Grann, MOO, we’ve, “ MOO, ” ross, “, somebody’s, michelle cottle I’m Organizations: Indigo, Twitter, lydia polgreen From New York, Trump, Republican Party, Republican, Harvard, Ivy League, Fox, Fox News, Republican National Committee, Biden, Democratic, Trump Republican Party, Iowa Locations: United States of America, lydia polgreen From New, Trump, America, Washington, UN, New Hampshire, Ukraine, Iowa, Florida, Panama, China, Milwaukee, Lydia, There’s

☆ Sen. Jon Tester says he's seen senators stay in office too long and become 'just a shell of what they formerly were'
▼ + stars: | 2023-08-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Jon Tester said he wants to make sure he does not stay too long in Washington. Without naming names, Tester told NBC, "I've watched it happen too many times in my time in the Senate." Tester said he's seen colleagues "deteriorate to the point where they're just a shell of what they formerly were." "I mean, look, the last thing I want to have happen is stay there too long." Like some of his colleagues, Tester said he prefer the verdict on fitness for office be left up to the voters.

Persons: Jon Tester, Tester, I've, he's, Democratic Sen, Mitch McConnell, Sen, Dianne Feinstein, Gray, Montana Sen, Steve Daines, Tim Sheehy, Matt Rosendale Organizations: NBC, Service, Privacy, Democratic, Senate, NBC News, Republican, GOP, NAVY, Republicans Locations: Washington, Wall, Silicon, Montana, Sheehy

In order to face either one head on, you must stand on a small, uneven platform of homemade adobe bricks. This is a message from the artist: He’s not interested in a seamless viewing experience. It recalls his contribution to the 2017 Whitney Biennial, where he created a room of adobe bricks. Here, a winding path of bricks connects life-size portraits of members of esparza’s largely queer community. The paintings are also on adobe, referencing his Mexican heritage and accentuating his subjects’ brown skin.

Persons: rafa esparza’s, He’s, JILLIAN STEINHAUER Organizations: Art Basel Miami Beach, Biennial Locations: Los Angeles, New York

☆ Google, Microsoft, OpenAI and Anthropic announce industry group to promote safe AI development
▼ + stars: | 2023-07-26 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

The new organization, known as the Frontier Model Forum, was announced Wednesday by Google, Microsoft, OpenAI and Anthropic. The companies said the forum’s mission would be to develop best practices for AI safety, promote research into AI risks, and to publicly share information with governments and civil society. Wednesday’s announcement reflects how AI developers are coalescing around voluntary guardrails for the technology ahead of an expected push this fall by US and European Union lawmakers to craft binding legislation for the industry. “Companies creating AI technology have a responsibility to ensure that it is safe, secure, and remains under human control,” said Microsoft president Brad Smith. “In particular, I am concerned that AI systems could be misused on a grand scale in the domains of cybersecurity, nuclear technology, chemistry, and especially biology,” Amodei said in his written testimony.

Persons: Biden, ”, Brad Smith, Dario Amodei, Bengio, ” Amodei, Amodei, Chuck Schumer, Schumer Organizations: CNN, Frontier Model, Google, Microsoft, US, European Union, Amazon, Meta, Companies, European

This week, he delivered his most explicit threat yet to Biden, saying their investigations into the Biden family’s business deals appear to be rising to the level of an impeachment inquiry. The only way Congress can do that is go to an impeachment inquiry,” McCarthy said Tuesday, stopping short of formally moving to open such a probe. Nebraska GOP Rep. Don Bacon, whose district Biden carried in 2020, told CNN that the House needs to be deliberate. It’s not good for the country.”In the first Trump impeachment, House Democrats led a number of closed and open hearings before charging Trump with abuse of power and obstructing Congress. Comer confirmed he has been regularly briefing McCarthy on his Hunter Biden probes, which he thinks helped give McCarthy the “confidence” to publicly raise the idea of an impeachment inquiry.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Newt Gingrich, Biden, Hunter Biden’s, Donald Trump, ” McCarthy, Alejandro Mayorkas, General Merrick Garland, Hunter Biden, Mike Johnson, we’re, ” Johnson, “, ”, Andy Ogles, coalescing, Andy Biggs, ” Biggs, we’ve, Bob Good, “ I’m, Ken Buck, Caucus hasn’t, Marjorie Taylor Greene, Tom Williams, impeaching Biden, –, expunge, Ralph Norman, ” Norman, Don Bacon, ” Bacon, Nancy Pelosi, Pelosi, “ Pelosi, Trump, ” Jaime Harrison, Greene, Lauren Boebert, Boebert, ” Boebert, ” Hunter Biden, Fort, Saul Loeb, GOP Sen, Chuck Grassley, Hunter, Burisma, Devon Archer, David Weiss, James Comer, Jim Jordan, Comer, it’s, can’t Organizations: CNN, Republican, Republicans, Biden, House Democrats, Homeland, GOP, Tennessee Republican, Caucus, Democratic, Senate, Democrats, Arizona, ”, Virginia Republican, Georgia Republican, Capitol, Firebrand, South Carolina Republican, Nebraska GOP, Trump, Democrat, Democratic National Party, GOP Rep, Fort McNair, Getty, Iowa, FBI, Justice Department, Hunter Biden, Congress, House Republicans, firebrand Locations: Louisiana, Trump, Ken Buck of Colorado, Georgia, Colorado, Washington ,

☆ ‘Kizazi Moto: Generation Fire’ brings Afro-futurism to Disney+
▼ + stars: | 2023-06-27 | by ( Flo Cornall | ) edition.cnn.com time to read: +5 min

It’s not only the episodes making leaps and bounds into the future – there’s also a new generation of African filmmakers who are taking to the small screen. Fourteen up-and-coming directors are at the helm of the anthology, hailing from Zimbabwe, Uganda, South Africa, Nigeria, Kenya, and Egypt. “There was a real coalescing of talent, and it felt like the time was right for this particular set of voices to be unleashed on the world.”A year later he was contacted by Triggerfish, the driving force behind “Kizazi Moto: Generation Fire,” about its anthology idea which had Disney+ support. At some point you forget that we are all one tribe.”Mogajane views all the shorts in “Kizazi Moto: Generation Fire” as fundamentally human stories that spark an important conversation. “Kizazi Moto: Generation Fire” will premiere on Disney+ on July 5, 2023.

Persons: It’s, there’s, Peter Ramsey, ”, Nyeke, Anthony Silverston, “, ” Ramsey, Ramsey, Triggerfish, “ Kizazi, Lesego Vorster, Sundiata, Lesego, Nonzi Bogatsu, Terence Maluleke, Isaac Mogajane, ” Mogajane, Moto ’ Organizations: CNN, Cape Town Animation, Disney, South, “ Locations: Zimbabwe, Uganda, South Africa, Nigeria, Kenya, Egypt, Cape Town, Africa, America, Europe, South, Soweto, Johannesburg, Mati

Walking away, President Joe Biden wrapped his arm around Zelensky’s shoulders. None of the G7 leaders are particularly popular at home, even as they produce results abroad. After all, it was Trump who had argued over dinner at the 2019 G7 summit in Biarritz, France, that Russia should be allowed back into the group. That level of chaos was nowhere to be found in Hiroshima this past week, when leaders appeared to generally like each other. Even before Biden left for the G7 summit, the stalemate over raising the federal borrowing limit prompted a scramble to rearrange the president’s engagements so he could return to Washington early.

☆ Stocks dip, yields rise on rate hike expectations
▼ + stars: | 2023-04-19 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The two-year gilt yield was down 0.2 basis points at 3.820% after hitting 3.877%, its highest since March 7. The yield on 10-year Treasury notes was up 3.6 basis points to 3.608% after reaching 3.639%, its highest since March 22. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 7 basis points at 4.269%. The dollar also firmed on Fed hike expectations, showing signs of stabilizing after five straight weeks of declines. The dollar strength, in turn, helped curb crude prices, along with concerns that the Fed rate hikes could dent growth and drag demand.

☆ Morning Bid: Have payrolls resurrected the 'soft landing'?
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

[1/2] An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. Earnings for Citi, Wells Fargo and JP Morgan Chase & Co later in the week will be in focus for colour on financial conditions. Inflation figures due Wednesday can also help markets to gauge how aggressive the Federal Reserve may need to be. Friday's jobs data lifted yields, but didn't substantially shift a bigger picture view that hikes are all but finished and cuts are coming. China is running military exercises in the wake of Taiwan's president visiting the United States, while the U.S. scrambles to find the source of a damaging document leak.

☆ Premarket stocks: Silicon Valley Bank left a void that won't easily be filled
▼ + stars: | 2023-03-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

There’s no doubt that the failure of Silicon Valley Bank left a large void in tech. To find out, Before the Bell spoke with Ahmad Thomas, president and CEO of the Silicon Valley Leadership Group. Before the Bell: What’s the feeling on the ground with tech and VC leadership in Silicon Valley? Ahmad Thomas: Silicon Valley Bank has been a key part of our fabric here for four decades. FDIC sells most of failed Signature Bank to FlagstarFrom CNN’s David GoldmanA week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank.

CHICAGO—Some business leaders concerned about crime and corporate departures say they don’t think Mayor Lori Lightfoot is up to the task and are coalescing around one of her eight challengers, Paul Vallas , ahead of the city’s Feb. 28 election. Mr. Vallas, a former Chicago public schools chief and past city budget director, has received enough campaign contributions from law firm partners, investment executives and others to run a competitive campaign.

☆ Chip stocks tumbled in 2022. How to play the sector in the new year
▼ + stars: | 2023-01-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Semiconductor stocks suffered a series of blows in 2022 as demand for consumer discretionary items fell off a cliff and supply chain disruptions continued. Betting on semiconductor favorites Despite ongoing volatility, some analysts and investors are still betting on once high-flying names in 2023, even though the challenges of 2022 continue. One of those is Advanced Micro Devices, a chip stock commonly connected with PC and server chips that fell hard in 2022. Texas Instruments held up better than the rest of the semiconductor market in 2022, shedding a little more than 12%. Bailey is mostly shying away from former, rapid growth names, with small bets on ASML and Marvell for clients looking for possible higher growth.

WASHINGTON— Kevin McCarthy stepped up negotiations with Republican detractors, offering fresh concessions to win support after a third day of House speaker votes yielded no movement toward a winner in the GOP-controlled chamber. Mr. McCarthy and some of his opponents appeared to be coalescing around a deal, stepping up the pace of discussions as the House marked its 11th round of votes with no winner, the most since just before the Civil War. Most Republicans backed Mr. McCarthy over three days of tallies, but 20 continued to oppose him, and it wasn’t known if enough holdouts would potentially change their votes to give Mr. McCarthy the gavel. All Democrats supported their pick, Rep. Hakeem Jeffries of New York.

☆ CIOs Contend With Pushback on AI Rollouts
▼ + stars: | 2023-01-06 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +6 min

Overall enterprise adoption of AI has grown threefold since 2019 as algorithms grow in scale and sophistication, according to International Data Corp. That left executives underwhelmed by the results and disillusioned, according to Todd Lohr, KPMG LLP’s U.S. technology consulting leader. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. In 2022, organizations spent on average 4% to 6% more on AI than the previous year, according to IDC. Other emerging technologies are more likely to be cut than AI, given its cost-savings potential, she noted.

☆ The 20 Republicans holding the speakership hostage are employing Trumpian tactics while blatantly ignoring Trump's advice, extremism expert says
▼ + stars: | 2023-01-05 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

A group of 20 Republicans are wielding an inordinate amount of power as negotiations continue. An extremism expert told Insider the holdouts are employing "Trumpism" without Trump's influence. "The influential part of these 20 votes don't care whether they control the House speakership or not," he told Insider. The former president issued a last-minute plea on Wednesday morning, urging Republicans to set aside their differences and make McCarthy speaker. Ward warned that this chaos will be just the beginning should the 20 Republicans ultimately get their way.

☆ Soldiers' widows group calls on Putin to order major mobilisation for Ukraine war
▼ + stars: | 2023-01-03 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +3 min

"We ask our President, Vladimir Vladimirovich Putin, to allow the Russian Army to carry out a large-scale mobilisation," the Soldiers' Widows of Russia group said in a post on Telegram. The Kremlin did not immediately respond to a request for comment on the appeal from the widows' group. A representative of the widows' group told Reuters that all fit Russian men should be mobilised to defend the Motherland. Ukraine and the West say Putin has no justification for what they cast as an imperial-style war of occupation. The widows group began work about two months ago to assist the wives of soldiers killed in Ukraine and has contacts with the Kremlin administration, its representative said.

☆ The electric-car industry is set for a pivotal year. Here are 6 VCs' top predictions for 2023, from new trends to investment opportunities.
▼ + stars: | 2022-12-29 | by ( Alexa St. John | ) www.businessinsider.com time to read: +6 min

2023 is set to bring even more momentum to the electric-car industry than 2022 did. Even with challenges — and some executives' losing faith in the EV biz — the industry can't turn back on its ambitions. Robert Knopes/UCG/Universal Images Group via Getty ImagesCharging, charging, chargingHistorically, charging hasn't been a money-making venture. Alexei Andreev, a managing director at AutoTech Ventures, said a shakeout could come in the battery industry, where hundreds of startups are racing to compete with giants. The autonomous-vehicle industry took several hits in 2022, but General Motors is still optimistic about Cruise.

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