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☆ U.S. law on domestic abuse should cover carmakers, FCC chair says
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +4 min

FCC Chairwoman Jessica Rosenworcel last month wrote to nine large automakers and three telecom providers seeking more information about their policies involving internet-connected car technology and domestic abuse. The federal Safe Connections Act gives the FCC authority to help domestic abuse survivors securely access communications, the letter said. In an interview with Reuters this week, Rosenworcel said issues involving connected cars and domestic abuse "seemed extraordinarily similar" to the work the FCC had already done implementing the Safe Connections Act. Meanwhile, Toyota said if a domestic abuse survivor on the title requests that connected services be disabled for another person, the company may ask for verification from law enforcement that the customer was a victim. "Through these steps, Toyota works to respond promptly to requests from domestic abuse survivors while also focusing on appropriate authentication in order to screen out fraudulent or abusive requests that could further harm the abuse survivor," the company said in its response.

Persons: Jessica Rosenworcel, Rosenworcel, Tesla Organizations: Federal Communications Commission, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, FCC, Reuters, Toyota Locations: Washington ,

☆ Xiaomi bets big on its new electric vehicle — targets 20 million premium users
▼ + stars: | 2024-02-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. Xiaomi revealed its SU7 electric car in China in late December but has yet to announce a specific price. Building on its tech capabilities as a telecommunications and smartphone company, Huawei has swiftly become a player in China's electric car market. Apple has yet to formally enter the electric car market despite reports it has been working on one. But the system is due for rollout in the coming months to appliances and the forthcoming car, Lu said.

Persons: Xiaomi, Evelyn Cheng, it's, Weibing Lu, Lu, That's, Lu Xiaomi Organizations: CNBC, Mobile, Apple, Samsung, Porsche –, Huawei, Baic Group, Xiaomi Locations: Evelyn Cheng BEIJING, China, Barcelona, Beijing, Xiaomi, Canalys

The 38-year-old actor-turned-race-car-driver was wandering through the Daytona International Speedway infield on Friday with no idea where to go. It was the latest round of confusion for Muniz, who had to wait until last week to announce his racing plans for 2024. Muniz, who competed in the entry-level ARCA Series last year, will try to make his Xfinity Series debut in the No. He led the ARCA Series points standings at times and finished fourth despite a number of mechanical issues late in the 20-race season. Muniz used a Hollywood head shot, complete with one hand resting on his chin, for the photo on his NASCAR credential.

Persons: — Frankie Muniz, Malcolm, Muniz, Ford, Joey Gase Racing, ” Muniz, wasn’t, “, ”, he’s, He’s, Jeff Gordon, ” Gordon, Jayson Williams, Cody Banks Organizations: DAYTONA, Daytona, Associated Press, Ford, ARCA, NASCAR, NASCAR Hall of Fame Locations: Fla, Scottsdale , Arizona

☆ Tesla's new update is designed to make charging in the cold less of a headache
▼ + stars: | 2024-02-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Tesla's latest software feature should help prevent chargers from getting stuck in cold temperatures. Routing to a charging station now automatically warms the car's charging port in advance. AdvertisementNobody likes to drive in severe weather conditions — but for Tesla owners, cold weather can be enough to leave them stranded. Some new features in Tesla's latest software update could help. Tesla owners have long complained about issues they can run into during cold weather.

Persons: — Organizations: Service, Business

Surgical castration “will always be pronounced” for those guilty of raping a child under the age of 10, according to the law's wording. Cases of rape against children between the ages of 10 and 13 will be punished by surgical or chemical castration. The younger the child, the greater the punishment,” Randriamanantenasoa said. Chemical castration is the use of drugs to block hormones and decrease sexual desire. Several countries and some U.S. states — including California and Florida — allow for chemical castration for some sex offenders.

Persons: Andry Rajoelina, Landy Mbolatiana Randriamanantenasoa, Randriamanantenasoa, “, ” Randriamanantenasoa, Jessica Lolonirina Nivoseheno, ” Organizations: —, Senate, Constitutional Court, Amnesty, AP Locations: ANTANANARIVO, Madagascar, California, Florida, africa

☆ A couple in their 30s hit a $1 million net worth by saving and investing most of their 5-figure incomes. They share the strategies that helped them live on $26,000 a year without feeling deprived.
▼ + stars: | 2024-02-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Read previewWhen Lauren and Steven Keys landed their first full-time jobs, they were earning well below the national average. Courtesy of Lauren and Steven KeysBetween 2013 and 2015, the Keys say they saved over $100,000 . Courtesy of Lauren and Steven Keys"It's not just gas," said Steven, who biked to work so Lauren could use the car for her commute. "You don't have to pay for insurance on the second car, you don't have to pay for maintenance or repairs or tires. While they don't work traditional 9-to-5 jobs, they have a variety of revenue streams that more than sustain their lifestyle.

Persons: —, Lauren, Steven Keys, Steven, Lauren didn't, Keys, It's, They've, They're, they've, we're, we've, there's Organizations: Service, Business, BI, University of Florida, Walmart, Costco, Aldi, Sam's, paychecks Locations: Gainesville, Orlando, San Francisco, Publix, Gainesville , Florida, Hawaii

☆ Analysis-Russia's GDP Boost on Military Spending Belies Wider Economic Woes
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Other economists say Russia is pumping the economy with one-time, unproductive investments that yield limited future benefit. 'NOT ALL GROWTH IS GOOD'The International Monetary Fund expects Russia's economy to grow faster than all G7 economies this year but less than emerging European economies. Military expenditure has supported economic growth of countries at war throughout history. According to Rosstat, Russia's labour productivity index, one of Putin's key national development goals, fell 3.6% year-on-year in 2022, its steepest annual fall since the aftermath of the global financial crisis in 2009. "I don't see current economic growth as lasting or qualitative," said Nadorshin.

Persons: Darya Korsunskaya, Alexander Marrow, Vladimir Putin, Sergei Khestanov, Alexandra Suslina, CAMAC, Rosstat, Anton Kotyakov, Yevgeny Nadorshin, Central Bank Governor Elvira Nabiullina, Darya, Gareth Jones Organizations: Statistics, Reuters, Soviet Union, International Monetary Fund, IMF, Labour, PF, Central Bank Governor Locations: Russia, Ukraine

☆ Tesla owners share their tips on how to deal with extreme cold
▼ + stars: | 2024-02-04 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Read previewDriving an electric vehicle in the cold looks a lot different than driving a gas-powered car, but some Tesla owners — often among the most seasoned EV owners — say there are easy ways to avoid disaster. Last month, Tesla made headlines when dozens of EVs clogged a supercharging station in Chicago as Tesla owners struggled to charge in temperatures below zero degrees. AdvertisementInsider spoke with eight Tesla owners who shared some tips on how to own an EV during a bitter winter. Here's what Tesla owners say about how to deal with the cold. UCGOther Tesla owners say it's key to have a charger at home.

Persons: —, Tesla, Dennis Duncan, Leonard Zuga, he's, Zuga, I've, Richard Samuels, Nick Caracciolo, Caracciolo, Robbie Mack, Mack Organizations: Service, EV, Business, MediaNews, Orange, Register Locations: Chicago, Irvine , California, Washington, Ohio, Oregon, Canada

☆ Tech YouTuber says Tesla's refreshed Model 3 is more luxurious: 'It kind of feels like a mini Model S'
▼ + stars: | 2024-02-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

YouTuber Marques Brownlee gave Tesla's updated Model 3 a glowing review. Brownlee called the EV a "mini Model S" and said it was more luxurious than the original Model 3. The refreshed Model 3, also called the Model 3 Highland, hit the US last month. AdvertisementTech YouTuber Marques Brownlee tested out Tesla's updated Model 3 and gave a glowing review. Tesla first announced the refreshed Model 3 — unofficially called the Model 3 Highland — in 2023.

Persons: YouTuber Marques Brownlee, Brownlee, —, Marques Brownlee, Tesla, he'd Organizations: Service, Tech, —

BOSTON (AP) — Theo Epstein, who as Red Sox general manager was the architect of two World Series championships, is returning to the organization as a minority owner and part-time senior adviser to its parent company, Fenway Sports Group. Epstein, who also helped the Chicago Cubs win the 2016 title — their first in 108 years — will advise the sports and entertainment conglomerate on operations and investment strategy. “The special connection I feel toward this organization and the ownership group has stayed with me through the years.”Fenway Sports Group owns the Red Sox, the Pittsburgh Penguins, Liverpool of the English Premier League and NASCAR's RFK Racing. After joining the Red Sox in 2002 at the age of 28 — the youngest general manager in baseball history — Epstein helped build the ballclub that won it all in 2004, the first Red Sox championship in 86 years. “There is no question that Theo left an indelible mark on our history that represented a transformative era,” Fenway Sports Group principal owner John Henry said.

Persons: — Theo Epstein, Epstein, —, ” Epstein, — Epstein, Theo, John Henry said, “, ” Organizations: BOSTON, Red Sox, Fenway Sports Group, Chicago Cubs, Pittsburgh Penguins, English Premier League, RFK Racing, Major League Baseball, Arctos Partners, Cubs Locations: Liverpool, FSG

☆ NASCAR president talks new steaming deal, says Amazon is 'here to stay' in sports
▼ + stars: | 2024-01-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Monday interview with CNBC's Jim Cramer, NASCAR President Steve Phelps discussed his company's new deal with Amazon Prime streaming, saying Amazon is a sticking force in sports distribution. NASCAR announced last year it entered into a seven-year agreement with Prime Video, giving the platform exclusive rights to five of its Cup Series races in 2025. Phelps was "thrilled" about NASCAR's partnership with Amazon, saying the deal was his company's first "pure streamer" at its Cup Series level. Amazon averaged 13 million viewers during its first NFL game last season, with viewership on the platform growing 24% this season. Netflix is set to release a NASCAR documentary series, 'NASCAR: Full Speed,' on Tuesday.

Persons: CNBC's Jim Cramer, Steve Phelps, Phelps, there'll Organizations: NASCAR, Amazon Prime, NFL, Prime, Amazon, NBC, FOX, TNT, Warner Bros, Netflix Locations: Chicago

☆ Jürgen Klopp announces shock Liverpool soccer club exit in blow for U.S. owners
▼ + stars: | 2024-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Jürgen Klopp will unexpectedly step down as Liverpool soccer team manager at the end of this season, the club said Friday. The charismatic German coach joined Liverpool in 2015 and led the storied club to a European Champions League title in 2019 and an English Premier League title in 2020. Klopp replaced Brendan Rodgers at the helm in October 2015, when Liverpool was languishing in 10th place in the Premier League. In the following year, Klopp led the club to a fourth-place finish in his first full season in charge. Liverpool is the most successful club in English soccer by number of awards, winning 68 trophies over its 132-year history.

Persons: Jurgen Klopp, Estadio Wanda Metropolitano, Jürgen Klopp, John Henry, Klopp, Brendan Rodgers Organizations: Liverpool, Champions, UEFA Champions, Tottenham Hotspur, Estadio Wanda, Liverpool soccer, European, League, English Premier League, Reds, FA, England's, FIFA Club, UEFA, Borussia Dortmund, Fenway Sports Group, League Baseball's Boston Red Sox, National Hockey League's Pittsburgh Penguins, NASCAR's RFK Racing, Premier League, Manchester City, City, Chelsea, Norwich City Locations: Madrid, Spain, German, Liverpool, American

☆ Apple is pivoting to a less ambitious design for its autonomous EV amid launch delays, report says
▼ + stars: | 2024-01-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Apple is pivoting to a less ambitious design for its autonomous EV, Bloomberg reported. The tech giant is pivoting to a less complex design and delaying the launch date for its planned autonomous vehicle, Bloomberg reported, citing people familiar with the situation. Following board meetings, the company has limited the car's autonomous features and downgraded the EV to Level 2+ autonomy, Bloomberg reported. AdvertisementApple's EV release date has also been pushed back, with the company expecting a 2028 launch at the very earliest, the Bloomberg report said. Its most formidable competitors will likely be Tesla and China's BYD, both of which dominate the global EV market.

Persons: —, Apple, Forbes, BYD Organizations: Apple, EV, Bloomberg, Service, Mercedes, Benz, Business, Reuters

☆ Tesla slashes car prices across Europe after similar cuts in China
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Tesla on late Tuesday trimmed prices for its Model Y cars across several countries in Europe, a week after announcing similar price cuts for its Model 3 and Model Y cars in China. In France, Tesla lowered prices on its Model Y cars by as much as 6.7%, while in the Netherlands, Tesla reduced prices for the Model Y by up to 7.7%. The reductions come after Tesla announced price cuts for its Model 3 and Model Y cars in China. The company has reduced prices for its cars aggressively in China over the past year or so, undercutting local competitor BYD. Tesla trimmed prices of the Model 3 by 6% compared to December last year, also taking prices for the Model Y down by 11%, according to data from JL Warren Capital.

Persons: Tesla, Warren Buffet Organizations: BYD, JL Warren Capital, Volkswagen, U.S Locations: Europe, China, Germany, France, Norway, Netherlands, Red, Iran, Berlin, Brandenburg

However, as a financial planner, I always recommend being deliberate when it comes to your annual bonus. AdvertisementHere are four things you should avoid buying with your hard-earned bonus money — and some advice on what you should do with it instead. These costs can add up and crunch your budget long after the bonus money is spent. But technology changes and upgrades so rapidly that pouring bonus money into flashy new gadgets often means buyer's remorse sets in fast. But make sure you're using it wisely so that short-term excitement doesn't result in long-term financial regret.

Persons: it's Organizations: Business

☆ Chinese EV automaker BYD will spend $14 billion developing smart car features that rival Tesla
▼ + stars: | 2024-01-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Chinese EV maker BYD has unveiled its new AI-powered Xuanji smart car system. It's part of a $14 billion smart car bet that includes hands-free driving. BYD passed Tesla as the world's biggest EV maker and is now chasing Elon Musk's company on AI. AdvertisementBYD has overtaken Tesla as the world's largest EV maker. The Chinese EV maker unveiled its AI–powered Xuanji smart car system at its "Dream Day" event on Tuesday as it made a big bet on artificial intelligence.

Persons: BYD, Tesla, Elon, —, it's eyeing Elon, Wang Chuanfu, Warren Buffett, Elon Musk Organizations: Elon Musk's, Service, Reuters, South China Morning, Bloomberg, Business Locations: Shenzhen

TAMPA, Fla. (AP) — Retired wrestler Hulk Hogan and a friend rescued a teenage girl who was trapped in an overturned vehicle after a crash in Florida, according to Hogan's social media posts. Hogan said on the social media platform X that he used a ball point pen to puncture the car's airbag and free the girl after witnessing the accident Sunday night in Tampa. His new wife, yoga instructor Sky Daily, took to Facebook to praise the quick action taken by her 70-year-old husband and the couple's friend Jake Rask. “By all appearances, she was unscathed, just really rattled, which is an absolute miracle!” Daily wrote. The Tampa Police Department said in an email Tuesday that there were only minor injuries from the crash.

Persons: —, Hulk Hogan, Hogan, Jake Rask, Terry Bollea, ” Organizations: Facebook, The Tampa Police Department, WWE Hall of Fame Locations: TAMPA, Fla, Florida, Tampa

☆ Struggling insurance upstart Oscar is making a long shot bet on a Trump-era program to fuel growth
▼ + stars: | 2024-01-16 | by ( ) www.businessinsider.com time to read: +6 min

The New York insurance company has struggled to find its footing for years. At the top of the list is this little-known Trump-era policy, which offered employers a new way to give workers health benefits. Oscar has struggled with deep lossesBertolini is the former CEO of the insurance company Aetna. The company raised its health plans' prices and renegotiated contracts with healthcare providers and vendors — including its pharmacy-benefit manager — to lower expenses. In the future, Oscar plans to design specific health plans that cater to those types of customers.

Persons: —, Joshua Kushner, Mario Schlosser, Oscar, it's, Mark Bertolini, It's, Bertolini, Trump, Ari Gottlieb, Elijah Nouvelage, haven't Organizations: Service, Business, New, Morgan Healthcare, Aetna, Reuters, HRAs Locations: New York, ICHRAs

☆ Classic car auction site Bring a Trailer's sales hit record $1.4 billion even as prices drop
▼ + stars: | 2024-01-16 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Total auction sales of classic cars (for both online and live auctions) fell 3% last year to $4.19 billion from $4.32 billion in 2022, according to data from Classic.com. The growth in the number of cars sold helped to offset a decline in prices. The average price of a car sold on the site fell to $54,000 in 2023 from $59,500 in 2022. Bring a Trailer's sales increased about 2% last year to over $1.4 billion from $1.35 billion in 2022, according to the company's CEO Randy Nonnenberg. Bring a Trailer sold over 30,000 cars in 2023, up 19% from 2022.

Persons: Randy Nonnenberg, Nonnenberg, Sellers, Pagani Organizations: CNBC, Ferraris, Ferrari, Porsche, Porsche Carrera, BAT Locations: —

☆ Ryan Gosling's reaction to 'I'm Just Ken' winning a Critics Choice Award is so wholesome
▼ + stars: | 2024-01-15 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

On Sunday, Ryan Gosling's "I'm Just Ken" won best song at the Critics Choice Awards. Advertisement"Barbie" star Ryan Gosling's stunned reaction to "I'm Just Ken" winning best song at the Critics Choice Awards was the wholesome highlight of Sunday's awards show. "I'm Just Ken" was a huge hit with fans, with over 100 million streams on Spotify alone, so it's not a shock that it won best song at the Critics Choice Awards. Ryan Gosling’s blank reaction to him winning the Critics Choice Award which should’ve gone to Billie Eilish’s “What Was I Made For” is just pure gold. — Minji Kang 🇰🇷🇮🇱 (@minjivkang) January 15, 2024Another joked that maybe Gosling secretly hates "I'm Just Ken."

Persons: Ryan Gosling's, Ken, Barbie, —, I'm, Mark Ronson, Andrew Wyatt, Greta Gerwig's, Gosling, Margot Robbie, it's, Ryan, “ I’m, Ken ”, o7EgopRYqJ, Ryan Gosling, I’m, ryan gosling, nk Ryan G Organizations: Service, Twitter, nk Locations: Barbie's

☆ A Cybertruck driver documented his 1340-mile road trip — and the issues he ran into with the Tesla EV
▼ + stars: | 2024-01-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

AdvertisementYouTuber Dennis Wang is one of the first drivers to document a cross-country road trip in the much-hyped Cybertruck, just weeks after the first vehicles were shipped to customers. But he ran into some issues along the way — including difficulties with charging and a glitch in Tesla's infotainment system. He also said that closing the tonneau, the cover that spans the back of the truck, helped improve the Cybertruck's range. But despite the hiccups along the way, Wang enjoyed the experience, especially the spacious cabin and comfort of the vehicle. "It's a fantastic truck," Wang said.

Persons: Dennis Wang, Tesla, —, Wang, Joshua Tree, he's, Wang isn't, Dennis Wang Plus, YouTuber Organizations: Service, YouTube, Bloomberg Locations: Austin , Texas, California, Texas

☆ Why America's Electric Car Push Isn't Working
▼ + stars: | 2024-01-03 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Electric vehicles were supposed to be inevitable. Auto execs who were once trumpeting the potential of electric cars are even publicly acknowledging that EVs aren't working . In September, 87% of new-vehicle sales were fully electric vehicles. Plus, heavier electric vehicles are harder on roads, produce more air pollution, and pose a greater safety risk for pedestrians. Time for a rethinkThe shift from gas-powered cars to electric vehicles is an opportunity to rethink how Americans get from place to place.

Persons: Joe Biden, Tesla, EVs —, EVs, Edward Niedermeyer, Niedermeyer, Ipsos, CarGurus, bode, Ketan Joshi, Joshi, Benjamin Sovacool, it's, Paris Marx Organizations: EV, Ford, General Motors, Honda, Auto execs, Industry, Tesla Motors, EVs, Cox Automotive, Strategic, Cox, Statistics Norway, Transportation Locations: Mexico, America, California, United States, Norway, Oslo, Norwegian, Paris

☆ Op-ed: After crisis, Israel's economy always comes back stronger
▼ + stars: | 2023-12-12 | by ( Anat Katz | Economic Minister To North America For Israel'S Ministry Of Economy | ) www.cnbc.com time to read: +2 min

In just a few hours, the nation of Israel went from business as usual to national emergency and national mourning. Throughout this ongoing crisis, the resilience of Israel's economy has once again taken center stage. This should be no surprise, as resilience has always been a key tenet of Israel's long-term success, military or otherwise. Most recently, the Covid-19 pandemic struck a terrible blow to Israel's economy in the second quarter of 2020, reducing GDP by roughly 30% annualized. The Tel Aviv Stock Exchange's flagship TA-125 Index dropped over 8% in that war's opening days, but took only 40 days to recover to pre-war levels.

Persons: Warren Buffett, Israel, Berkshire Hathaway, Buffett Organizations: Tel, Tel Aviv Stock Exchange's, TA Locations: Israel, Lebanon, Berkshire, Lebanese, Iscar, Tel Aviv

☆ Why experts say falling EV prices could actually hinder widespread adoption
▼ + stars: | 2023-12-08 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

Prices of used electric vehicles are down roughly 30% year over year, according to market research studies using data from September and October. The cheaper prices might bode well for buyers, but they raise concerns that low resale values could hurt EV adoption among mainstream consumers. The falling prices also add fuel to a debate over whether EV demand is faltering. "The mainstream appeal of these cars is still not there," said Karl Brauer, executive analyst for iSeeCars, a search engine for used cars. Edmunds, which provides a range of automotive data services, said in its Q3 2023 Used Vehicle Report that "the low resale values for used EVs could become a major deterrent to new EV purchases and EV adoption more broadly."

Persons: bode, Karl Brauer, They're, they've, Scott Case, Edmunds Organizations: iSeeCars

☆ 101 years before Rosa Parks, this woman integrated New York City's public transit
▼ + stars: | 2023-12-03 | by ( Yoonji Han | ) www.businessinsider.com time to read: +3 min

Jennings sued the streetcar company and was represented in court by Chester Arthur, the future US president. 10 years later, all of New York City's public transit systems were desegregated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Then, African Americans were only allowed on trolleys with signs reading, "Colored People Allowed in This Train." Then, after a decade of continued activism and legal battles, all of New York City's public transit services were fully desegregated in 1865.

Persons: Elizabeth Jennings, Jennings, Chester Arthur, —, Rosa Parks, Thomas L, Arthur Organizations: Service, New York City, First Colored American Congregational Church, New York Tribune, New Yorkers, Third Avenue Railroad Company, New York Daily Tribune, Avenue Railroad Locations: New York, Montgomery , Alabama, Lower Manhattan

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