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☆ Florida GOP to hold no-confidence vote in RNC Chair Ronna McDaniel
▼ + stars: | 2022-12-21 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

The Florida GOP plans to hold a no-confidence vote in Republican National Committee Chairwoman Ronna McDaniel next month, a crucial test of the embattled leader’s strength just days before her own re-election. He issued the petition in response to Republican Party of Florida Chairman Joe Gruters sending out a letter Tuesday endorsing McDaniel. The messy race for national chair reflects broader troubles in the Republican Party. The two candidates vying to succeed Gruters as Republican Party of Florida chair, Leon County Chair Evan Power and Sarasota County Chair Christian Ziegler, both told NBC News they support Dhillon. "This is about who is best to be RNC chair, and that's Ronna."

☆ Tesla may announce Mexico plant in coming days - report
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Dec 19 (Reuters) - Electric carmaker Tesla (TSLA.O) could announce the construction of a "Gigafactory" in the northern Mexican state of Nuevo Leon as soon as Friday, local newspaper Reforma reported Monday. The initial investment is projected at between $800 million and $1 billion, sources told the newspaper. A source told Reuters then that Musk had met with Nuevo Leon Governor Samuel Garcia and U.S. The Mexican Gigafactory, planned on the outskirts of the city Monterrey, would start by building components for current Tesla models, a source told Reforma, later possibly building a new model at a lower cost than other factories. Mexican Foreign Minister Marcelo Ebrard said earlier this month that Musk had toured three states in Mexico scouting locations for the factory.

A large dent has also come from industrial sectors forced to curb output as high gas prices make production uneconomic with some firms shifting production to regions with cheaper energy. FIGHT FOR SUPPLIESThe obvious way to boost supplies is through liquefied natural gas (LNG). That may not happen next year, meaning Europe would face fierce competition for LNG that would drive up the cost. Record high prices in Europe, however painful, helped the region to secure record volumes of LNG imports this year. Benchmark European gas prices hit a peak in August of more than 300 euros/MWh.

☆ Tesla may announce $800 mln to $1 bln in Mexico plant in coming days - report
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

The total investment, taking into account future expansions, could eventually reach $10 billion, sources told the newspaper. The announcement would follow Chief Executive Elon Musk's visit to the state, which borders Texas, in October. A source told Reuters then that Musk had met with Nuevo Leon Governor Samuel Garcia and U.S. A federal official told Reuters Tesla would announce news of its planned investment when it was ready to do so, but that it would not necessarily be before Christmas. Mexican Foreign Minister Marcelo Ebrard said earlier this month that Musk had toured three states in Mexico scouting locations for the factory.

☆ Housing slump to continue but some hopeful signs ahead
▼ + stars: | 2022-12-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

While that’s already had a negative impact on the housing market, we’ll get more details this week about how much worse the damage has become. A long list of housing data is on tap. On Tuesday the US Census Bureau will report housing starts and building permits figures for November, followed by Friday’s release of new home sales data for the same month. Housing market was frothy, but not a bubbleOthers in the industry are cautiously optimistic as well. That all amounts to a few good reasons why the housing market could avoid a severe and prolonged slump.

☆ Tesla plans to announce Mexico EV plant as soon as next week -Bloomberg News
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - Tesla Inc (TSLA.O) is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as next week, Bloomberg News reported late Friday. The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico, the report said, citing people familiar with the matter. It is unclear what models Tesla would produce in the Mexican factory or when it would begin production, Bloomberg said. Two people with knowledge of the matter told Reuters in October that Tesla Chief Executive Elon Musk was considering investing in the northern Mexican state of Nuevo Leon, which borders Texas. Musk held a meeting in the state with Nuevo Leon Governor Samuel Garcia along with other local officials, and Ken Salazar, the U.S. ambassador to Mexico, one of the sources said.

☆ Rooftop solar: How homeowners should do the math on the climate change investment
▼ + stars: | 2022-12-17 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

Central to the deal: Tax credits and other benefits from both the state of Connecticut and from Washington, D.C., he says. Hurwitz's experience points up one benefit of the Inflation Reduction Act that passed in August: Its extension and expansion of tax credits to promote the spread of home-based solar power systems. California's solar energy net metering decision Certainty has been the thing that's hard to come by in solar, where frequent policy changes make the market a "solar coaster," as one industry executive put it. watch nowFor potential switchers, tax credits can quickly recover part of the up-front cost of going green. The bids for one suburban Chicago house ranged as low as $19,096 after the federal credit and as high as $30,676.

The councilman has defied demands for his resignation and attended last week’s meeting, amid vociferous protests, “to get back to work,” he told CNN’s Kate Bolduan before the meeting. Calls for de León’s resignation have continued since October, when audio of a year-old conversation between de Léon and fellow council members was posted anonymously on Reddit and obtained by the Los Angeles Times. Much of the conversation focused on maps proposed by the city’s redistricting commission and the council members’ frustration with them, but it also featured racist remarks about a fellow council member’s Black son and about Oaxacans. “I shouldn’t have said what I said,” de León told CNN on Tuesday, clarifying his remarks comparing White colleague Mike Bonin’s Black child to a designer handbag. De León pointed to his body of work, including his work on environmental issues and advocacy on behalf of undocumented immigrants.

The city's homelessness crisis, both an incubator for street crime and a corollary to skyrocketing housing costs, touches almost every facet of life in L.A., even when it's just a backdrop. Bass vowed Sunday to attack it head-on by declaring a citywide state of emergency, an idea that had been circulating through City Hall since at least 2015. Bass is promising a new day and inspiring L.A.'s guardians to forget about the bickering, at least for a moment. "Where there’s will, there’s women," she said. "And where there’s women, there’s forever a way."

☆ Golden Globe Awards 2023: See the full list of nominees
▼ + stars: | 2022-12-12 | by ( Lisa Respers France | ) edition.cnn.com time to read: +7 min

CNN —The nominees for the 80th Golden Globe Awards were announced on Monday. Mayan Lopez and Selenis Leyva, two of the stars from “Lopez vs. Lopez,” announced the range of film and television nominees as selected by members of the Hollywood Foreign Press Association (HFPA). Favored Oscars contender “The Banshees of Inisherin” led the film categories, with nominations including best musical or comedy film. It stars Colin Farrell and Brendan Gleeson. The ceremony, which was not broadcast last January over controversy surrounding the HFPA, will return to NBC on Jan. 10.

☆ These are Wall Street's 6 favorite highly discounted tech stocks
▼ + stars: | 2022-12-11 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

To find Wall Street's favorite discounted tech stocks, CNBC Pro looked for Nasdaq 100 names with a forward price-to-earnings ratio less than the overall index, then sorted for stocks trading at a 20% — or greater — discount to their average five-year forward multiples. The cheap tech stocks analysts favor The most discounted name on the list is PayPal . Wall Street analysts covering the stock think it can surge more than 42% from current levels. Alphabet also made the list, with analysts seeing a more than 34% upside to shares of the tech company. Overall, analysts see the stocks gaining 26% and more than 25%, respectively.

☆ Los Angeles Police Investigate Altercation Involving Council Member
▼ + stars: | 2022-12-10 | by ( Kate King | ) www.wsj.com time to read: 1 min

Los Angeles police are investigating an altercation between activists and a City Council member became physical Friday evening. Kevin de León , the council member, has been facing calls to resign since October, when an audio recording was released in which he and two other council members, all Democrats, discuss how to redraw districts in a way that would be politically advantageous to Latinos while sidelining other groups, including Black Angelenos.

☆ Kevin de Leon: Video shows LA city councimember involved in a physical altercation months after involvement in racist conversation
▼ + stars: | 2022-12-10 | by ( Shawna Mizelle | ) edition.cnn.com time to read: +3 min

Washington CNN —Los Angeles city council member Kevin de León is facing renewed scrutiny after a video surfaced online Friday night of him engaged in a physical altercation with a community activist during a holiday event. De León said in a statement Saturday that he was acting in self-defense after being headbutted by Reedy. “Video footage clearly shows him and his supporters initiating this assault while Mr. Reedy stands with his hands up. Calls for de León’s resignation have continued since October when audio of a year-old conversation between de Léon and fellow council members was posted anonymously on Reddit and obtained by the Los Angeles Times. Much of the conversation focused on maps proposed by the city’s redistricting commission and the council members’ frustration with them, but it also featured racist remarks about a fellow council member’s Black son and about Oaxacans.

☆ Oil tankers are getting stuck in the Black Sea. That could become a problem
▼ + stars: | 2022-12-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

A further nine tankers were waiting to cross southbound from the Sea of Marmara through the Dardanelles strait into the Mediterranean. The snag is linked to a Western price cap on Russian oil that came into effect on Monday. Countries including Russia, Kazakhstan and Azerbaijan use the Turkish straits to get their oil to world oil markets. The traffic jam in the Turkish straits arose following the imposition this week of the price cap on Russian oil. Turkish officials say this position is “unacceptable” and on Thursday reiterated demands for letters from insurers.

China, Russia's top oil buyer, has not agreed to the price cap. The light sweet crude is favoured by Chinese refiners due to their proximity and the oil's high middle-distillates yield. At current Brent levels, the $6 discount implies a price of $68 a barrel including freight and insurance costs. "They (independent plants) don't really care about the price cap. With the price cap in place, China, India and Turkey could have more bargaining power, the analysts added.

☆ This biotech stock can jump more than 90%, Barclays says
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Little-known Insmed could take off as one of its drugs with conditional approval and another in development show promise, according to Barclays. Analyst Leon Wang initiated the stock as overweight with a price target of $37, which presents a 94.9% upside from Wednesday's close. The company focuses on pulmonology-focused commercial biotech, with two major medications for bronchiectasis, which is when airways in lungs are widened, and a lung disease. Assuming strong data out of the third trial, Wang said the medication could hit the market in 2025. He said Insmed will likely surpass sales guidance, which was already set for a 30% year-over-year increase, in 2022.

☆ Oil steady as China revival hopes offset Russia uncertainty
▼ + stars: | 2022-12-07 | by ( Trixie Sher Li Yap | ) www.reuters.com time to read: +4 min

Brent crude futures edged up 3 cents, or 0.04%, to $79.38 a barrel by 0717 GMT, after they fell below $80 for the second time in 2022 during the previous trading session. U.S. crude futures mostly traded sideways, and were down 9 cents or 0.12% to $74.16 a barrel. "China has (been) rapidly eased COVID-19 restrictions, which may boost demand," markets analyst Leon Li at CMC Markets said in a note. The reopening could see a 1% boost to global oil demand, ANZ said in a client note. Oil prices have dropped by more than 1% for three straight sessions, giving up most of their gains for the year.

SINGAPORE, Dec 7 (Reuters) - Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices would play out kept markets on edge after a sharp fall the previous session. U.S. crude futures clawed back earlier losses and were steady from the previous close at $74.25 a barrel. "China has (been) rapidly eased COVID-19 restrictions, which may boost demand," markets analyst Leon Li at CMC Markets said in a note. However, uncertainty on how the price cap on Russian oil would play out on supply contributed to volatility. Oil prices have dropped by more than 1% for three straight sessions, giving up most of their gains for the year.

☆ We're going to see a much slower year ahead for the homebuilder stocks, says CFRA's Ken Leon
▼ + stars: | 2022-12-07 | 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 EmailWe're going to see a much slower year ahead for the homebuilder stocks, says CFRA's Ken LeonKen Leon, Director of Equity Research at CFRA, joins Worldwide Exchange to discuss earnings from Toll Brothers and the outlook for other homebuilder stocks.

☆ Paul Pelosi attends Kennedy Center Honors in first public appearance since home attack
▼ + stars: | 2022-12-05 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

Paul Pelosi, the husband of House Speaker Nancy Pelosi, attended the Kennedy Center Honors on Sunday in what appeared to be his first public appearance in the weeks since he was attacked at his home in October. Paul Pelosi and President Joe Biden could be seen greeting each other as they sat down several seats apart at the 45th annual honors event at the John F. Kennedy Center for the Performing Arts in Washington. DePape told investigators that the House speaker was on a “target list” he had put together as part of a bid to “fight tyranny." He said he regarded Nancy Pelosi as the “leader of the pack” of lies told by the Democratic Party, the indictment said. Actor George Clooney, composer Tania León, singers Gladys Knight and Amy Grant, were among those to be celebrated at Sunday's Kennedy Center Honors, along with the members of U2.

☆ Gladys Knight, George Clooney, Amy Grant feted at Kennedy Center Honors
▼ + stars: | 2022-12-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

WASHINGTON — A heartfelt Patti LaBelle praised her lifelong friend Gladys Knight. Matt Damon playfully teased his friend George Clooney — a lot — while Sheryl Crow gave thanks and a heartfelt rendition of “Baby Baby” to her fellow singer Amy Grant during Sunday’s Kennedy Center Honors. Every year the Kennedy Center honors a select group of people for their artistic influences on American culture. 2022 Kennedy Center Honorees, front row from left, Amy Grant, Gladys Knight, George Clooney, Tania León, join, back row from left, Adam Clayton, Larry Mullen Jr., The Edge, and Bono for a group photo at the State Department following the Kennedy Center Honors gala dinner, Saturday, Dec. 3, 2022, in Washington. León said during an interview when the honorees were announced that she wasn’t expecting “anything spectacular” when the Kennedy Center initially reached out to her.

☆ George Clooney, Gladys Knight among Kennedy Center honorees
▼ + stars: | 2022-12-04 | by ( ) www.cnbc.com time to read: +5 min

Secretary of State Antony Blinken, second from left, and his wife, Evan Ryan, left, join 2022 Kennedy Center Honorees, front row from left, Amy Grant, Gladys Knight, George Clooney, Tania León, and Kennedy Center President Deborah Rutter, back row from left, Kennedy Center Chairman David Rubenstein, along with fellow 2022 Honorees Adam Clayton, Larry Mullen Jr., The Edge, and Bono for a group photo at the State Department following the Kennedy Center Honors gala dinner, Saturday, Dec. 3, 2022, in Washington. Sometimes the Kennedy Center honors not just individuals but groups; "Sesame Street" once got the nod. Composer and conductor León said during an interview when the honorees were announced that she wasn't expecting "anything spectacular" when the Kennedy Center initially reached out to her. After all, she's worked with the Kennedy Center numerous times over the years going back to 1980, when she was commissioned to compose music for a play. León left Cuba as a refugee in 1967 and eventually settled in New York City.

☆ NHL roundup: Kasperi Kapanen's hat trick sends Pens past Blues
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +9 min

Oskar Sundqvist scored the only goal of the game for Detroit, which lost its third straight game. Toronto's Mitch Marner scored twice to set a club record with 19th straight games with a point. Bruins 5, Avalanche 1David Pastrnak and Trent Frederic each scored twice as the host Bruins cruised past the Avalanche. Tomas Hertl scored twice for the Sharks, who have lost five of six (1-4-1). Panthers 5, Kraken 1Carter Verhaeghe scored twice and Sam Bennett had three assists as Florida defeated host Seattle, ending the Kraken's franchise-record seven-game winning streak.

[1/6] Kennedy Center honorees U2 band member Bono greets Cuban-born American composer, conductor and educator Tania Leon during a reception for Kennedy Center honorees ahead of the official gala at the State Department in Washington, D.C., U.S., December 3, 2022. REUTERS/Sarah SilbigerWASHINGTON, Dec 4 (Reuters) - Actor George Clooney, singer-songwriter Amy Grant, singer Gladys Knight, composer Tania León and rock group U2 were set to be celebrated on Sunday for their contributions to the arts with a White House reception and Kennedy Center Honors show. The Kennedy Center event, now in its 45th year, honors stars from music, stage and screen for their "contribution to American culture." Grant rose to prominence as a contemporary Christian music singer who later crossed over to pop stardom, amassing six Grammy Awards. Irish band U2, with members Bono, The Edge, Adam Clayton and Larry Mullen Jr., has won 22 Grammy Awards and was inducted into the Rock and Roll Hall of Fame in 2005.

☆ Michael Burry, Elon Musk, and Mark Zuckerberg are raising the alarm on the US economy. Here are 8 recession warnings from top commentators this week.
▼ + stars: | 2022-12-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Michael Burry and Elon Musk this week flagged the risk of a severe US recession. Experts have flagged inflation, rising interest rates, and global growth headwinds as major worries. Several of these experts blame the Federal Reserve, which has rapidly raised interest rates to curb soaring prices this year, leaving consumers facing both higher living expenses and borrowing costs. Elon Musk, CEO of Tesla, Twitter, and SpaceX"Fed needs to cut interest rates immediately. Mark Zuckerberg, CEO of Meta"We thought that the economy and the business were going to go in a certain direction, and obviously it hasn't turned out that way.

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