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☆ Top Wall Street analysts are feeling confident about these 3 stocks after earnings
▼ + stars: | 2024-05-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Silberman noted that U.S. same-store sales growth of 5.6% reflected broad-based momentum, with improved traffic experienced in carryout and delivery. She added that the traffic growth was driven by Domino's revamped loyalty program, strong value proposition, operations and innovation. The analyst also noted that DPZ is benefiting from increased contributions from Uber Eats, thanks to growing marketing efforts and awareness. The analyst thinks that the company's strategic initiatives will enhance same-store sales growth and drive meaningful restaurant margin expansion in the near and long term.

Persons: Lauren Silberman, Silberman, Domino's, Uber, TipRanks, BTIG, Peter Saleh, Saleh, Baird, William Power, Power Organizations: Wall Street, U.S, Deutsche Bank, Investors, Apple's, Apple Locations: China, TipRanks

☆ Here’s what North American airline passengers think about the state of air travel
▼ + stars: | 2024-05-08 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.

Persons: –, Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, ”, Taylor, “, ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America

☆ Opinion: Why Gérard Depardieu hasn’t been ‘canceled’
▼ + stars: | 2024-05-08 | by ( Opinion Caroline Séquin | ) edition.cnn.com time to read: +10 min

Accusers stepped forward in 2018, as the #MeToo movement was taking off. Victims of sexual violence, consequently, often say they feel less isolated than they used to. Join us on Twitter and FacebookThere is, perhaps, one way in which the detractors of the #MeToo movement have a point. All of them — colleagues, neighbors or blood relations — more often than not, are able to maintain their status and privilege of their professions, despite allegations of sexual violence. It remains unclear whether the French will at long last “cancel” Gérard Depardieu, even if one or both trials find him guilty of sexual violence.

Persons: Caroline Séquin, ”, Gérard Depardieu, Caroline Sequin, Depardieu, Jacques Chirac, “ Depardieu, —, Le Figaro, it’s, ” Depardieu, Emmanuel Macron, “ I’m, he’s, …, ” Macron, Carla Bruni, Nicolas Sarkozy, Harvey Weinstein’s, Sandra Muller, “, she’s, Le, Catherine Deneuve, men’s, that’s, MeToo, Camille Kouchner’s, ” Gérard Depardieu Organizations: Lafayette College, CNN, CNN —, Legion, Mediapart, France, Le Monde, French Interior Ministry, Twitter Locations: Easton , Pennsylvania, France, French, Colonial Senegal, CNN — France, United States, Familia Grande

☆ Giant Batteries Are Transforming the Way the U.S. Uses Electricity
▼ + stars: | 2024-05-07 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +17 min

Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.

Persons: …, ”, Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., “, Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, “, United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento

☆ Goldman is bullish long term on nuclear power and uranium. This stock is a key way to gain exposure
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Goldman has raised Cameco's 12-month stock price target by $1 to $56, implying 15.7% upside from Friday's close. CCJ YTD mountain CCJ 3-mo chart "We continue to see CCJ as a key means of gaining exposure to the entire value chain of uranium," Goldman analysts lead by Neil Mehta told clients in a note Monday. Though Cameco's sales of 7.3 million pounds of uranium in the quarter missed guidance of 8.25 million pounds, the company maintained its full-year guidance of 32 million pounds to 34 million pounds. Governments around the world increasingly view nuclear power as a key pillar of the energy transition because the technology can provide reliable carbon-free energy at a time when electricity demand is rising. Western countries are seeking secure supplies of uranium to support a nuclear buildout, rather than relying on Russia or neighboring Kazakhstan.

Persons: Goldman Sachs, Goldman, Cameco, Neil Mehta, Mehta, Joe Biden Organizations: Uranium, The U.S, Senate Locations: Friday's, Canada, Russia, Kazakhstan, The, Russian

☆ AI could drive a natural gas boom as power companies face surging electricity demand
▼ + stars: | 2024-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City's current annual electricity consumption of 48 terawatt hours. The natural gas industry is betting gas will serve as the preferred choice. Coal plant retirements and data centers could result in 6 bcf/d of new natural gas demand in EQT's backyard by 2030, the CEO said. The level of electricity demand could help lift natural gas prices out of the doldrums.

Persons: Kena, Goldman Sachs, Robert, Richard Kinder, Kinder Morgan, Kinder, Roger Read, Wells, Goldman, Toby Rice, Rice, CNBC's, Christopher Womack, Robert Blue, EQT, Jeremy Knop, Knop, Blue, Read, Lynn, Zack Van Everen, Robert Kinder Organizations: Linden, View Press, Getty, Amazon, Google, Microsoft, Meta, Rystad Energy, Robert Blue Dominion Energy, Gas, Holt, Co, EQT Corp, U.S ., Dominion Energy, Georgia Power, Southern Company, Dominion, Renewables, CNBC, Lynn Good, Energy Locations: Linden New Jersey, U.S, Wells, Wells Fargo, New York, Houston, Pickering, Northern Virginia, Georgia, Appalachian, Virginia, Gulf

☆ The next airport terminal lounge or club you pass may also be a bank branch
▼ + stars: | 2024-05-03 | by ( Kevin Williams | ) www.cnbc.com time to read: +9 min

"One woman wanted to rent my office to work," remembers Lisa Slocum, the airport Fifth Third Bank branch manager. Capital One closed its branch at Washington, D.C.'s Dulles International Airport in 2020, instead creating "airport lounges" for cardholders in Dulles, along with similar spots at airports in Denver and Dallas. Yet full-service airport bank branches are a relative rarity, surprising in a retail landscape that often resembles an upscale mall more than a terminal. Fifth Third BankWells Fargo operates a full-service branch in Las Vegas's Harry Reid International Airport, and according to a bank spokeswomen, has a multi-year relationship with the airport that involves both the branch and multiple ATMs throughout terminals. McAdam says ATMs and advanced-function kiosks are one thing, but a full-service branch, except maybe in the largest markets, is overkill.

Persons: Kevin Williams Nicolette Nelson, Nelson, It's, Lisa Slocum, Slocum, Hannah Thelen, Ashley Thelen, Mindy Kershner, CVG's, Marketing Brent Andersen, Andersen, that's, Chase, John Sieg, Sieg, Harry Reid, Wells Fargo, Brian Davis, Paul McAdam, Power, McAdam Organizations: Northern, Northern Kentucky International, Fifth Third Bank, Fifth, Bank, TSA, Third, Dulles, Airport, Capital One, Washington , D.C, Wings Credit Union, Paul International Airport, Wings, Marketing, JPMorgan Chase, PNC, Sky, Fifth Third Bank Wells, Harry Reid International Airport, Truist Bank, Hartsfield, Jackson Atlanta International Airport, Financial Locations: Fairbanks, Cincinnati, Northern Kentucky, Spain, Washington ,, cardholders, Dulles, Denver, Dallas, it'd, Kentucky, Minneapolis, St, Las, Vegas, New York City, New York

☆ Biden administration to require advanced safety tech on all new cars and trucks
▼ + stars: | 2024-04-30 | by ( Rob Wile | Tom Costello | ) www.cnbc.com time to read: +3 min

The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology by the end of the decade. They will also require braking at up to 45 mph when a pedestrian is detected. Automatic emergency braking "prevents collisions. It said that technologies like automatic emergency braking have proven "game changing" and that automakers have voluntarily committed to install them on new vehicles. Buttigieg acknowledged the technology is still being perfected — one reason the requirement won't take effect until the end of 2029.

Persons: Biden, Pete Buttigieg, Buttigieg, hadn't, Kathleen Rizk, Power's, Rizk Organizations: U.S ., Transportation Department, Alliance for Automotive Innovation, Governors Highway Safety Association, Research, Consumers, Drivers Locations: San Francisco , California

☆ Gangs forced out Haiti’s government. This FBI ‘Most Wanted’ gang leader claims they’re liberating the country
▼ + stars: | 2024-04-29 | by ( Caitlin Stephen Hu | David Culver | ) edition.cnn.com time to read: +22 min

Port-au-Prince, Haiti CNN —Vitel’homme Innocent’s picture on the FBI’s “Ten Most Wanted” list of fugitives suggests a crazed man – eyes wide and wild, teeth bared. But the man on the gold sofa preferred to talk about a brighter future – one that he claims Haiti’s gangs are prepared to usher in. Abandoned cars on the road between the US Embassy and the Kraze Baryé stronghold in Port-au-Prince, Haiti, on April 28, 2024. Kraze Baryé employs around 100 men and women, according to Innocent’s lieutenant and cousin, the bleach-blond Dezod Augustin, 34. But Haiti’s gangs maintain they deserve a seat at the negotiating table.

Persons: Haiti CNN —, Innocent, Evelio Contreras, “, ” Innocent, de, –, Kraze Baryé, ”, Viv Ansanm, Ariel Henry, Henry, Kraze, “ It’s, ’ Marie, Lucie Bonhomme Opont, Pierre, Louis Opont, territoire perdue, Opont, ’, Jimmy Chérizier, Robin Hood, Sanjou, Dezod Augustin, Gedeon Jean, Prince, Baryé, Delmas, Antony Blinken, Haiti Dennis Hankins, Rick Barton, Haiti’s, CNN Jean, Henry’s, Jean, CNN’s Rachel Clarke Organizations: Haiti CNN, CNN, Haiti’s, Prince, de Mars, United Nations, Haitian National Police, ”, Kenya, Haiti’s National Police, CARICOM, US Embassy, Security, “, Washington, US, UN, Fund, Federal Bureau of, State Department Locations: Prince, Haiti, Tabarre, Haiti’s, Port, balaclavas, Haitian Creole, Haitian, Nairobi, “, Canada, United States, Kraze Baryé, American, France, Kenya, Bahamas, Bangladesh, Barbados, Benin, Chad, Jamaica, it’s, Atlanta

☆ Bill Gates Is Still Pulling Strings at Microsoft, Overseeing AI Ideas
▼ + stars: | 2024-04-29 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

In fact, Business Insider has learned, Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes. The company, Nadella promised, would "continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward." According to two executives, Gates' memo treated as gospel, sparking Microsoft's push to take the lead in the AI arms race. Now, it seemed, OpenAI might offer Microsoft a way to help forge the AI future that Gates had long envisioned. According to two executives, Gates' words were treated as gospel, helping spark Microsoft's push to take the lead in the AI arms race.

Persons: Bill Gates, Satya Nadella, Gates, Siri, They're, Clippy, Copilot, That's, Sam Altman, — Gates, Satya, Nadella, Steve Ballmer, Peter Thiel bashed, Bill, Melinda, Jeffrey Epstein, Nadella's, Rather, OpenAI, Kevin Scott, Scott, Altman, you'll, OpenAI's, Bing —, Bing, Steve, Sam, Kayla Wood, Frank Shaw, Shaw, —, Charles Lamanna, Jaime Teevan, Jeff Teper, Charlie Bell —, He's, Forbes, Mustafa Suleyman, DeepMind, Bill G, Suleyman, aren't, hadn't, there's, Ashley Stewart Organizations: Microsoft, Agents, Business, Google, Wired, Street Journal, Rover, Steve Jobs, OpenAI, Amazon Web Services Locations: Tay, Gates, Clippy, Washington, Redmond , Washington, Seattle

Until Iran’s barrage of missiles and drones against Israel, the two countries had avoided open military intrusions into each other’s territory. Tehran most often acted through proxies, and Jerusalem via bombing runs and unacknowledged assassinations in the region. Iran’s unprecedented attack this weekend, which failed to kill a single Israeli, has perhaps now opened the clerical regime to a major reprisal. And the best way for Washington to limit the expansion of this conflict is to signal clearly its intention to support an Israeli counterattack. Iran’s internal situation, its memory about past U.S. military action and a conspiratorial worldview all support this strategy.

Persons: Jerusalem, Ali Khamenei Locations: Tehran, Jerusalem, United States, Israel, Washington, Israeli, America

☆ Why Hawaii is becoming a leader in U.S. EV adoption
▼ + stars: | 2024-04-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Alex Tai | SOPA Images | Lightrocket | Getty ImagesU.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. Power's "EV Adoption Score," which is weighted based on market, consumer preference and EV availability, among other conditions, with a score of 33.8. Hawaii also is the top state for EV adoption that hasn't agreed to the California Air Resources Board's Zero-Emission Vehicle program, according to J.D. (For reference, the "Hawaii Belt" around the Big Island, or Hawaii Island, is only about 260 miles.) Power reports the top-selling EVs in the state are the Tesla Model Y, Tesla Model 3 and Ford F-150 Lightning.

Persons: Alex Tai, Elizabeth Krear, hasn't, Ivan Drury, Edmunds, Drury, –, I'm, Scott Sageman, Hawaii Aloha Kia Russell Wong, Wong, there's, That's Organizations: Tesla, Getty, EV, California Air Resources, Hawaii that's, AAA, Ford, Aloha Kia, Hawaii Aloha, Aloha, Kia, Gallup Locations: Honolulu , Hawaii, Hawaii, Power, California, Washington, J.D, ., Washington , Oregon, Colorado, Waikiki, U.S, Waipahu, EVs, Edmunds

Israel’s military instead announced it was building a new crossing into northern Gaza and said an aid convoy used it for the first time on Friday. The military declined to specify the location of the crossing or the number of aid trucks. COGAT said 419 humanitarian aid trucks were inspected and transferred to Gaza on Monday, followed by 468 trucks on Tuesday – the highest one-day figure since the start of the war – and another 298 trucks on Wednesday. Aid shipments slated for Gaza are sniffed by a dog at the Kerem Shalom border crossing on March 14, 2024. Israel counts trucks arriving at their crossings for inspection and entry, while UN agencies count trucks inside Gaza that arrive for distribution, according to UN humanitarian affairs office (UNOCHA) spokesman Jens Laerke.

Persons: Jerusalem CNN —, Joe Biden, Benjamin Netanyahu, Erez, Samantha Power, Jamie McGoldrick, McGoldrick, ” McGoldrick, “, Kerem Shalom, ” COGAT, COGAT, Jack Guez, Jens Laerke, Laerke, Antonio Guterres, Abu Organizations: Jerusalem CNN, Israel, CNN, UN, Getty Locations: Jerusalem, Gaza, United States, Israel, Ashdod, Kerem, AFP, Abu Salem, Rafah

☆ Why car insurance costs are skyrocketing and leading to higher inflation
▼ + stars: | 2024-04-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

RobertCrum | Getty ImagesDETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. Auto insurance costs have been on the rise for some time, growing every month as part of the index since December 2021. However, auto insurance remains a small portion of the CPI, with a 2.85% weighting. watch nowThe insurance cost increases on inflation come more than two years after the Biden administration largely blamed used car prices for pushing inflation higher in January 2022. The cost of vehicle insurance — which is mandatory in almost every state — varies by provider, driver, coverage and location.

Persons: Sean Tucker, Kelley, David Sampson, Sampson, Biden, Mitchell, Power, —, it's, Price, Mark Garrett, — CNBC's Robert Ferris, Jeff Cox Organizations: Getty, DETROIT, U.S, Auto, U.S . Bureau of Labor Statistics, American, Casualty Insurance Association, CNBC, Progressive, Power's U.S . Auto Insurance, State Farm, Liberty Mutual Locations: U.S, Power's U.S, Geico, .

☆ Opinion | Seeking Technological Solutions to the Climate Crisis
▼ + stars: | 2024-04-11 | by ( ) www.nytimes.com time to read: +1 min

“Carbon capture and storage” and “direct air capture” may sound like pleasant, productive endeavors. But the truth is, they are indeed a wasteful distraction, doing more harm than good. Recent analysis from Food & Water Watch indicates that direct air capture is both preposterously expensive and ultimately pointless. Powering a direct air capture operation via traditional methods would create over three times more carbon emissions than it actually captured. Meanwhile, diverting wind and solar energy to run carbon capture facilities would be like using clean water to power a desalination plant — a wasteful loop of stagnation.

Organizations: & Water Watch

☆ Data centers are set for an AI-fueled boost, UBS says — naming 3 stocks to play the trend
▼ + stars: | 2024-04-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Data centers house vast amounts of computing power needed for AI workloads, and that need is set to grow as many tech companies are rapidly developing infrastructure for artificial intelligence. The bank named three stocks to play the trend: U.S.-listed power management firm Eaton , French energy tech firm Schneider Electric and U.S. power tech firm Cummins . It says Eaton is the key U.S. play on data centers, with 14% exposure and "broad favourable trends" in electrification, while Cummins has "favourable backup power exposure" to data centers. UBS gave Eaton a price target of $330, representing marginal downside. It gave the stock a price target of 250 euros ($270), or around 20% potential upside.

Persons: Eaton, Cummins, Schneider, — CNBC's Michael Bloom Organizations: UBS, Capital Goods, Schneider Electric

☆ China's Nio to expand battery swap services to gain an edge on EV infrastructure
▼ + stars: | 2024-04-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Pictured here is a Nio battery swapping station in Haikou, Hainan province, China, on May 9, 2023. Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem. Nio also announced agreements earlier this year to work with two local battery companies on battery swap services. While having a large network of battery charging stations helps address those concerns, battery swapping is a faster method as it takes only a few minutes. CLSA's Luo said businesses also prefer to invest in normal charging stations than swap stations because they make a higher return.

Persons: Nio, —, JAC —, Ding Luo, Shen Fei, Shen, it's, Le, William Li, Shay Natarajan, Luo, Ford Organizations: Bloomberg, Getty, Chery, CNBC, Battery, Nissan, Sino Auto, Mobility Impact Partners, General Motors Locations: Haikou, Hainan province, China, BEIJING, U.S, San Francisco, Kyoto, Japan, Madrid, Spain, Europe, North America

☆ Zelenskyy fires more aides in a reshuffle as Russia launches drones and missiles across Ukraine
▼ + stars: | 2024-03-30 | by ( ) www.cnbc.com time to read: +2 min

President Volodymyr Zelenskyy of Ukraine is speaking during a joint briefing with Prime Minister of Greece Kyriakos Mitsotakis outside the Transfiguration Cathedral, which was destroyed by Russian shelling, in Odesa, Ukraine, on March 6, 2024. Ukrainian President Volodymyr Zelenskyy dismissed a longtime aide and several advisers on Saturday in a continuing reshuffle while Russia unleashed fresh attacks overnight. Zelenskyy dismissed top aide Serhiy Shefir from his post of first assistant, where he had served since 2019. Ukraine's air force said Saturday that Russia launched 12 Shahed drones overnight, nine of which were shot down, and fired four missiles into eastern Ukraine. Russia has escalated its attacks on Ukrainian energy infrastructure in recent days, causing significant damage in several regions.

Persons: Volodymyr Zelenskyy, Zelenskyy, Serhiy Shefir, Oleksii Danilov, Valerii Zaluzhnyi, Centrenergo, Serhiy Lisak Organizations: Greece Kyriakos Mitsotakis, National Security and Defense Council, Russia, Gov Locations: Ukraine, Greece, Odesa, Russia, United Kingdom, Kharkiv, Poltava, Kherson, Dnipropetrovsk

Wells Fargo raised its price target on Bank of America, now calling for more than 15% upside. Evercore ISI hiked its price target on the consumer products company to $150 per share from $133. Power has a $90 price target on the cloud software stock, implying shares can rally 44.5% in the next year. Forbes' $425 price target implies the stock can climb 43.1% from Wednesday's ending price. Analyst Mike Mayo raised his price target for the bank stock by $4 to $44, implying a 16.4% upside over Wednesday's close.

Persons: Wells Fargo, Clark, Javier Escalante, Escalante, KMB, — Jesse Pound, Jefferies, Portillo's, Andy Barish, Barish, — Brian Evans, Jason Gursky, Wednesday's, shakeup, Gursky, Alex Harring, Baird, William Power, — Alex Harring, Steven Forbes, Forbes, RH, BofA, Cintas, Heather Balsky, Balsky, Robinhood, Alex Markgraff, Markgraff, TD Cowen, John Blackledge, Grindr, Blackledge, It's, it's, Estee Lauder, Bryan Spillane, Spillane, Estee, Tom Ford, Joseph Greff, Greff, FanDuel, Vikram Gandhi, Gandhi, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath Organizations: CNBC, Bank of America, HSBC, Allstate, Kimberly, Staples, ISI, Citi, Boeing, Alaska Airlines, Dow Jones, UC, Guggenheim, RH's, FactSet, Estee Lauder Bank of America, JPMorgan, Allstate Allstate Locations: Portillo's, Five9, Estee, New Jersey, Wednesday's

☆ China opens WTO dispute against U.S. subsidies to protect its EV industry
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: +1 min

Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed. China said it was contesting "discriminatory subsidies" under the U.S. Inflation Reduction Act (IRA) that it said resulted in the exclusion of goods from China and other WTO countries. The wide-ranging law provides billions of dollars in tax credits to help consumers buy electric vehicles and companies produce renewable energy, as President Joe Biden aims to decarbonise the mighty U.S. power sector. It said it was launching the proceedings "to safeguard the legitimate interests of Chinese electric vehicle industry and to maintain a fair level playing field of competition for the global market".

Persons: Joe Biden Organizations: Taicang Port, World Trade Organization, WTO, U.S Locations: Europe, Taicang, Suzhou, China, United States

☆ Why auto insurance rates are skyrocketing in the U.S.
▼ + stars: | 2024-03-23 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. "That has led to an environment where the consumer, the insured, is out shopping for auto insurance and finding that they cannot find an insurer that has a lower premium for them." Around 215 million Americans carry auto insurance and the market is valued at roughly $353 billion, according to IBISWorld. So, what other factors are behind the spike in auto insurance rates and what impact are rising premiums having on consumers and large publicly traded companies such as Allstate, Progressive and Berkshire Hathaway's Geico ?

Persons: Stephen Crewdson, Berkshire Hathaway's Organizations: American, Casualty Insurance Association, Allstate, Progressive, Berkshire Locations: U.S, .

☆ Biden slows his timeline for the shift to EVs in a compromise with unions concerned about jobs
▼ + stars: | 2024-03-20 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

President Joe Biden is giving automakers more time to ramp up sales of electric vehicles, following pressure from the industry and labor unions concerned about a rapid transition to EVs. Cars are the single-largest source of greenhouse gas emissions. Still, the United Auto Workers worries that a rapid shift to EVs will cost jobs because EV manufacturing requires fewer assembly parts. Pacing EV adoptionThe tailpipe rules land as the EV market hits some bumps in the road. AdvertisementStill, analysts predict that EV sales will continue to push higher, thanks to newer models at more affordable prices and the continued build-out of charging stations.

Persons: Joe Biden, —, John Bozzella, Kelley, Power, Albert Gore, Tesla Organizations: Service, Environmental Protection Agency, Wednesday, Business, United Auto Workers, UAW, Alliance for Automotive Innovation, Ford, General Motors, Zero Emissions Transportation Association, EV, EPA, Research Locations: United States

☆ No, electric vehicle sales aren’t dropping. Here’s what’s really going on
▼ + stars: | 2024-02-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

(BNEF’s figures include plug-in hybrids, but the large majority are fully electric vehicles.) High pricesMost electric vehicles currently on sale in America are on the more expensive side of the automotive market. Power, referring to the Kia EV9 and Cadillac Lyriq electric vehicles. Besides raw numbers, the EV chargers that are currently available tend to rate low with consumers in terms of reliability, according to J.D.. Power surveys. Public chargers are more important to people who can afford neither an expensive vehicle nor a house with private parking.

Persons: CNN — Tesla, ”, Tyson Jominy, Kia, Corey Cantor, Jim Farley, Farley, Jominy, Tesla, Carlos Tavares, Valdez Streaty, “, “ We’re Organizations: CNN, Ford, Cox Automotive, Bloomberg New Energy Finance, Kia, J.D, ” Ford, National Renewable Energy Laboratory, US Department of Energy, DOE, EV, BMW, GM, Honda, Hyundai, Benz, Stellantis, Dodge, Leasing Locations: United States, America, California, Canada, New York

☆ As Nvidia roars, Cramer reflects on what it takes to stick with big market winners
▼ + stars: | 2024-02-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

As Nvidia stock climbs to new highs, CNBC's Jim Cramer on Thursday told investors that sometimes, they need to ignore skeptics to find and stick with a winning stock. "A certain amount of skepticism is healthy, but if you're trying to make money in the stock market, you've got to believe in something." Cramer was an early Nvidia fan—going so far as to name his dog after the Big Tech company in 2017. Powered by voracious demand for its artificial intelligence products, Nvidia reported earnings on Wednesday that blew past Wall Street's expectations. To Cramer, many investors were too focused on "macro" events like the Federal Reserve's interest rate hikes to see the long-term potential of stocks like Nvidia.

Persons: CNBC's Jim Cramer, you've, Cramer, Jensen Huang, Jensen Organizations: Nvidia, Big Tech

Meanwhile, there are concerns among many observers that Indonesia’s democracy has been backsliding in recent years. Southeast Asia’s largest economyThe U.S. government sees Indonesia’s democracy as critical to regional stability, and at least for the last two decades, U.S.-Indonesia relations have been built on shared values of democracy. Financial irregularities tied to election funding have also dogged parties across the political spectrum, leading the Association for Election and Democracy to cite a worrisome trend of citizens coming to see money politics as acceptable within a competitive democracy. The other challenge during the election campaign is the lack of accountability and transparency for campaign funding. A slide toward autocracyThe decline in the quality of Indonesia’s democracy has been years in the making.

Persons: Ceria Sari, Prabowo, Ganjar, Anies, –, Burhanuddin Muhtadi, Joko Widodo’s, Gibran Rakabuming Raka, Widodo Organizations: Commission, Association for Election, Dem Democracy Locations: U.S, Indonesia, Central Java, Jakarta, Baswedan

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