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☆ Tesla vs. BYD: Market pros pick their favorite electric vehicle giant
▼ + stars: | 2023-03-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Tesla has long been an investor favorite for exposure to the electric vehicle transition, but not everyone is convinced. Berkshire Hathaway-backed BYD , for example, is often touted as a better bet than Tesla. BYD is so much ahead of Tesla in China ... it's almost ridiculous," Charlie Munger, vice-chairman of Berkshire Hathaway, said last month . "Long term, Tesla is not a car company and that's the difference. 'Take profit' in Tesla Wall Street veteran David Trainer has a more bearish view, however, as he urged investors to "take profit" in Tesla.

☆ Zuckerberg's Steve Jobs moment
▼ + stars: | 2023-03-10 | 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 EmailZuckerberg's Steve Jobs momentMark Zuckerberg has promised this is the "year of efficiency" – out is the metaverse, in are cost cuts, focus, discipline. But one noted tech investor says it's about more than just righting the cost structure of the business and cutting some payroll – it's about repositioning the company to take advantage of the next great wave of computing. Couldn't do this and not mention A.I. Can Zuckerberg turn around this ship, and what his relationship with Wall Street can tell us.

☆ Why Silvergate’s post-FTX financial woes could spell trouble ahead for crypto
▼ + stars: | 2023-03-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Further, the spillover into a traditional bank and its stock price could fuel regulators' arguments that crypto poses a systemic risk. The big problem in crypto is that to buy bitcoin, you eventually have to interact with the traditional banking system. Silvergate's crypto bet worked for the bank, particularly in bull markets. A big part of Silvergate's crypto banking efforts was the Silvergate Exchange Network, better known as SEN, a platform that institutions used to move money to crypto exchanges. Custodia is a Wyoming-chartered special purpose depository institution designed to bridge the crypto and traditional banking systems.

☆ Bed Bath & Beyond dives 50% in February – it's second-worst monthly performance ever – as the meme stock teeters on the edge of bankruptcy
▼ + stars: | 2023-03-01 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond stock plunged 50% in February as the home furnishings company struggles to stave off bankruptcy. Like, GameStop and AMC, Bed Bath & Beyond has been popularized as a meme stock. A convertible preferred stock is a type of equity security issued by companies, giving the investor the right to convert its preferred stock into common stock at a discount to the market price. Meanwhile, Bed Bath & Beyond is also drawing $100 million from a credit line to repay outstanding debt. "The clock has been ticking for Bed Bath & Beyond to raise some cash but securing the money will only reset the clock.

☆ Russian oligarchs' superyachts have avoided the US west coast and the Mediterranean since Russia invaded Ukraine, heat maps show
▼ + stars: | 2023-02-25 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Russian oligarchs' superyachts were detected in different regions after the Ukraine war began. Heat maps show oligarchs' yachts have avoided America's west coast and the Mediterranean. The MediterraneanSpire MaritimeSpire's data found that the Mediterranean was a hotspot for Russian oligarchs' superyachts before Russia invaded Ukraine. Turkey still offers a safe haven for Russian oligarchs' assets because it's yet to sanction Russia for its aggression against Ukraine. Arabian SeaSpire MaritimeSpire's data also honed in on the movements of Russian oligarchs' yachts around the Arabian Sea.

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☆ These heat maps show the dramatic change in the movements of oligarchs' superyachts since Russia invaded Ukraine
▼ + stars: | 2023-02-08 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

☆ Visa profit beats estimates on resilient consumer spending
▼ + stars: | 2023-01-26 | by ( Mehnaz Yasmin | ) www.reuters.com time to read: +2 min

[1/2] A Visa credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration//File PhotoJan 26 (Reuters) - Visa Inc's (V.N) first-quarter profit beat Wall Street targets on Thursday as its payments volume held steady with Americans still spending on international travel despite an economic slowdown. That was, however, far lower than last year's 40% surge in cross-border volumes and a 20% jump in payments volumes. Reuters GraphicsVisa's revenue rose at the slowest rate in seven quarters, gaining 12% to $7.9 billion. read moreThe company on Thursday reported a profit of $2.18 a share, comfortably above the $2.01 estimated by analysts, according to Refinitiv.

☆ Ruben Gallego launches Senate bid, saying Kyrsten Sinema has 'abandoned Arizona' as he tees up rare three-way race
▼ + stars: | 2023-01-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Democratic Rep. Ruben Gallego officially launched his Senate campaign in Arizona on Monday. He said Kyrsten Sinema "abandoned Arizona" and branded her as an advocate for the rich and powerful. His launch tees up a likely 3-way race between him, the newly-independent Sinema, and a Republican. Gallego is well-positioned to win the Democratic primary after fellow Democratic Rep. Greg Stanton opted not to run for Senate. If Sinema runs as an independent, Arizona is likely to see a three-way race in the general election — a relatively rare occurrence.

☆ 18 movies with valuable entrepreneurial lessons: From 'Startup.com' to 'Becoming Warren Buffett'
▼ + stars: | 2023-01-17 | by ( Vikas Jha | ) www.businessinsider.com time to read: +21 min

Takeaway: This movie shows the effect money, greed and power can have on relationships. "The Social Network" (2010)"The Social Network" shows us that business success requires more than just a great idea. "Becoming Warren Buffett" (2017)In this documentary, Warren Buffett reveals his day-to-day, and his two most important investing rules. Takeaway: This movie shows how two young men were pitted against each other, striving to grow in a cut-throat business. I've found myself feeling motivated after watching a great film with lessons I can transpose to my entrepreneurial journey.

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☆ Investing in Space: Digital orbital danger
▼ + stars: | 2023-01-12 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Companies and governments are now launching satellites by the thousands each year, and that changing landscape brings with it the evolving challenge of cybersecurity in space. The concept of space security arguably doesn't get talked about enough, but a quick search for something like "cyber," "space," and "Pentagon" gives you an immediate sense of how U.S. military leaders see the digital threat to satellites. The company just raised $16.4 million in an oversubscribed round, to make a full-tilt push into building its space business. It entered the space market in late 2019, and Beames stepped in as chairman early last year.

☆ A lawyer representing hundreds of laid-off Twitter staff has accused Elon Musk of trying to 'fleece' workers over severance pay
▼ + stars: | 2023-01-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A lawyer fighting Twitter said Elon Musk tried to "fleece" ex-workers with his offers of severance pay. This allegation has already been detailed in one of the four class-action lawsuits Liss-Riordan filed against the company in late 2022 on behalf of former Twitter employees. Musk himself had previously said that people who left the company would be given three months of severance. The former workers told Insider's Kali Hays that they were disappointed by the severance ultimately offered by Musk. "Musk's decision to fleece Twitter workers isn't just shameful – it's also going to be very costly," Liss-Riordan added.

☆ Stocks making the biggest moves midday: Tesla, Nvidia, Lululemon and more
▼ + stars: | 2023-01-09 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. Tesla – Shares of Tesla rose 8% Monday after CEO Elon Musk's attorneys on Saturday asked a California court to move a trial over the company stock to Texas, citing local negativity. Uber – Uber shares gained 5.2% on an upgrade from Piper Sandler to overweight from a neutral rating. Monolithic Power Systems – Shares of Monolithic Power Systems gained 6.4% amid the semiconductor rally, following shares of Nvidia and Advanced Micro Devices. Goldman Sachs – Shares gained 2% following reports that the banking giant is laying off 3,200 employees, or 6.5% of the workforce it had in October.

☆ Jim Cramer reminds investors that market pain is needed to prevent endless price hikes
▼ + stars: | 2023-01-05 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday reminded investors that pain in the stock market is unfortunately necessary for the Federal Reserve to win against inflation. "Nobody wants to root for layoffs or lower stock prices. But the alternative is persistently high inflation — endless price increases for everything — and nobody wants that either," he said. Stocks fell on Thursday after fresh data indicated that the labor market remains strong, despite the Fed's aggressive interest rate hikes to tamp down rising prices. "If it doesn't show higher unemployment with no wage growth, the Fed will need to keep aggressively raising interest rates," Cramer said.

☆ The not-quite-redemption of South Africa's infamous ultra-marathon cheats
▼ + stars: | 2022-12-30 | by ( Ryan Brown | ) www.businessinsider.com time to read: +35 min

"A runner can always recognize another runner," Eugene tells me. Ryan Brown for insiderIn those days, they didn't run for South Africa, but for QwaQwa – one of ten "homelands" established for Black South Africans. Tiny, non-contiguous territories – supposedly, the original territory of different Black South African ethnic groups – dotted across the country. It didn't turn out like that, but it didn't turn out like that for most Black South Africans either. As I sat speaking to Sergio, South Africa's president, Cyril Ramaphosa, was fighting for his political life after revelations that wads of cash, potentially ill-gotten, had been stolen from inside his sofa.

☆ Three Marvel sequels are the most anticipated movies of 2023, according to Fandango
▼ + stars: | 2022-12-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

A trio of upcoming Marvel movies − the newest installments of the Guardians of the Galaxy, Spider-Man and Ant-Man franchises − are the top three most anticipated films for 2023, according to a new survey by Fandango. Many of the most-anticipated films are prequels, sequels or films otherwise connected to a well-known franchise. 2023's Top 10 Most-Anticipated Movies Across Categories 1. "The Super Mario Bros. Movie" (Universal )Among the top 10 overall most anticipated films, only "The Super Mario Bros. Movie" isn't part of an established movie series. Last year, 80% said they wanted to see a minimum of five movies in theaters.

☆ Charging an electric car isn't as simple as pumping gas. Here's what to know.
▼ + stars: | 2022-12-16 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

There are two main things to know about EV charging: charger types and connector types. These slightly faster chargers – averaging about 25 miles of range per hour – can also be installed in your home. Depending on the size of your battery, a DC fast charger can replenish an empty battery to about 80% in a half hour. Tesla's Superchargers, which only work on Tesla vehicles because of the proprietary connector, are DC fast chargers. But non-Teslas can also plug into a DC fast charger that is not owned by Tesla.

☆ The stock market may retest this year's lows and returns will be nearly flat in 2023, Goldman Sachs chief equities strategist says
▼ + stars: | 2022-12-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks may retest lows this year and returns will be near-flat in 2023, according to Goldman Sachs' chief equities strategist David Kostin. The S&P 500 may hit 3,600 in the near term, as companies have revise 2023 earnings forecasts lower, he warned. Next year, the S&P 500 could see nearly flat returns, Kostin added, estimating that it could end 2023 at 3,750 to 4,000. "Therefore, if valuations are roughly at these levels – that's an optimistic scenario in my opinion – and there's not much earnings growth, you basically have a flat market," Kostin warned. And while the S&P 500 is down 17% from levels in January, the price-to-earnings ratio of the index is currently hovering around a multiple of 18.

☆ How an intellectual approach and a whimsical mascot helped lead to this fund's number one ranking
▼ + stars: | 2022-11-29 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

"We are sort of a little low-key like a fox," said Hoffman, adding that the animals are also excellent hunters. "In down markets we really prove the benefit of the kind of slow, steady, conceptual and intellectual approach that we take," said Hoffman. Fund history and strategy Marshfield Associates is a Washington D.C.-based firm founded in 1989 by Niemczewski, who's now joined by Hoffman and another principal, Chad Goldberg. While Morningstar classifies the fund in the growth category, Marshfield regards itself as value-oriented with a stress on company quality. "I think what you're seeing this year is the outcome of what happens when you have an investor like us, that is very different from the market," Hoffman said.

☆ Laid-off Twitter staff posted goodbye messages with #LoveWhereYouWork, a hashtag started by a colleague when she was given just a few weeks to live
▼ + stars: | 2022-11-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Lucy Mosley, a UK-based Twitter employee, started the hashtag after a cancer diagnosis in 2013. It has since been used by dozens of Twitter staff who were laid off in recent weeks to say farewell. One sent an email to the whole UK office asking if anyone could knit. The next day she tweeted an image of herself wearing the blanket with a caption saying "keeping cozy with my @TwitterUK @Twitter blanket," alongside the hashtags #LoveWhereYouWork and #Family. As Twitter started opening more offices around the world, other staff members said they also wanted to do the same.

At first we thought he might be a lesbian and was afraid to come out, but he wouldn't tell us. He confided to his sister first and a year later he told us he was transgender", Aslan's mother Beatriz Moya says. The bill would allow people to change their gender on identification documents without the need for psychological or other medical appraisals from the age of 14. Anyone aged 14 to 16 would need the agreement of their parents or guardians to change their gender. No scientific evidence has emerged that proves that self-identification laws lead to a higher rate of people seeking medical treatment to alter their bodies.

☆ Meta is promoting its VR headset with a 3D spaceman bursting out of London's most famous advertising billboard
▼ + stars: | 2022-11-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Meta unveiled a new 3D ad for its Meta Quest 2 VR headset on London's Piccadilly Circus. Meta's Reality Labs took over the Piccadilly Lights in the heart of London's West End to promote its Meta Quest 2 virtual reality headset. Since 2019, the Facebook owner has pumped $36 billion into Reality Labs, according to an Insider analysis of Meta's financial filings. Reality Labs posted an operating loss of $9.4 billion in the first nine months of this year alone. The Meta Quest 2 ad will run until the end of the year and it will be rolled out across the US as well.

☆ The sad, beautiful story behind 'Love Where You Work' – the hashtag being used by laid-off Twitter staff
▼ + stars: | 2022-11-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

It has since been used by dozens of Twitter staff who were laid off in recent weeks to say farewell. One sent an email to the whole UK office asking if anyone could knit. The next day she tweeted an image of herself wearing the blanket with a caption saying "keeping cozy with my @TwitterUK @Twitter blanket," alongside the hashtags #LoveWhereYouWork and #Family. The UK office wanted to commemorate Mosley so decided to put up a sign that read "Love Where You Work." As Twitter started opening more offices around the world, other staff members said they also wanted to do the same.

☆ Wall Street wants updates on EVs and short-term guidance from GM's investor day
▼ + stars: | 2022-11-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. GM will look to address such concerns during an investor event, which kicks off at 1 p.m. Analyst are expected to press executives on updates to its previously announced plans, short-term guidance and potential macro-offsets in the years ahead, especially in 2023. "At the last Investor Day, GM promised ICE-like EV margins by 2030. The company also has plans for capacity of 1 million EVs in China by then as well.

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