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Tesla, which accounted for more than 60% of U.S. EV sales last year, has the largest network of fast-chargers with almost 18,000 Superchargers. Tesla said earlier this year it would open part of that charging network to EVs from rivals in order to be eligible for a share of funding from $7.5 billion in federal subsidies. The new charging company will support both charging standards but will compete with Tesla's network. CEOs of the seven auto brands said a charging network built out like gas stations with restrooms, food service and retail operations would support a faster EV rollout. Automakers, however, lack the necessary electricians or experience working with retailers, said Andres Pinter, co-CEO at installation and maintenance company Bullet EV Charging Solutions.

Persons: Tesla, Mercedes Benz, Akshay Singh, Karine Jean, Pierre said, Biden, TESLA, Carlos Tavares, Steve Marcus, –, Andres Pinter, Andre Barlow, Doyle Barlow, Mazard, Abhirup Roy, Jarrett renshaw, Kevin Krolicki, Ben Klayman, Paul Lienert, Diane Bartz, Chizu Nomiyama, Bernadette Baum, Marguerita Choy Organizations: General Motors, Hyundai Motor, Kia, Honda, BMW, EV, Tesla, Industry, White House, U.S, REUTERS, GM, Hyundai, BMW –, American, Solutions, VW, Daimler, Ford, Justice, Justice Department, White, Thomson Locations: U.S, North America, Las Vegas , Nevada, America, Europe, San Francisco, Washington

The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using U.S.-recycled battery materials for EV production incentives. China handles virtually all EV battery recycling in a global market projected to grow from $11 billion in 2022 to $18 billion by 2028, according to research firm EMR. The volume of EV batteries available for recycling should grow over tenfold by 2030, said consultant Circular Energy Storage. In Europe, EV batteries are currently shredded into "black mass" that is shipped to China for recycling.

Persons: Marc Trent, Charles Trent, Nick Carey POOLE, Thomas Becker, Louie Diaz, Diaz, JB Straubel, Mike O'Kronley, Christian Marston, deconstruct, Bruno Thompson, Thea Soule, Soule, Kurt Vandeputte, Becker, We've, Nick Carey, Paul Lienert, Ben Klayman, Claudia Parsons Organizations: Charles Trent Ltd, REUTERS, Reuters, BMW, Redwood Materials, European Union, EV, Energy Department, Altilium Metals, recyclers, U.S, CES, Cambridge, Battery Recycling Company, EU, Nissan, Nio, Victoria Waldersee, Thomson Locations: Poole , Britain, England, U.S, North America, China, New York, Nevada, America, Georgia, Kentucky, EVs, Bulgaria, Europe, Poole, Dallas , Texas, Japan, HK, Poole , England, Detroit, Berlin

On Tuesday, the Biden administration announced it’s moving to implement a cybersecurity labeling program aimed at helping consumers pick out trustworthy tech products that are rated as more secure than the competition. Products certified under the new program may come with a QR code that links to a national database affirming its participation, the administration added in a release. “This new labeling program would help provide Americans with greater assurances about the cybersecurity of the products they use and rely on in their everyday lives,” the administration said in a statement. “It would also be beneficial for businesses, as it would help differentiate trustworthy products in the marketplace.”The government proposal comes two years after President Joe Biden signed an executive order calling for an “‘energy star’ type of label” for tech products. “Market forces alone were never going to be sufficient to force manufacturers to step up and deliver more secure devices,” he said.

Persons: Biden, it’s, —, cybersecurity, ”, Joe Biden, Dave DeWalt, “ We’ve Organizations: CNN, National Institute of Standards, Technology, NIST, House, Products, Twitter, PayPal, Federal Communications Commission, FCC, Colonial Pipeline, Companies, Amazon, Cisco, Google, LG, Logitech, Samsung, Consumer Technology Association

☆ A monster rally in just 3 stocks has caused short sellers to lose $30 billion so far this year
▼ + stars: | 2023-07-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The strong rally in stocks this year has sparked big losses for short sellers, according to S3 Partners. These are the three stocks that sparked $30 billion in losses for short sellers, according to S3. In total, short sellers have seen $122.1 billion in mark-to-market losses in the first six months of the year, and just three stocks drove a total loss of $30 billion. These are the top 10 stocks that have driven the biggest losses for short sellers so far this year, according to S3 Partners. TeslaTesla launched its insurance product in 2019 Getty ImagesTicker: TSLAShort seller losses: $13.0 billionYear-to-date performance: 126.5%

Persons: —, Ihor Dusaniwsky, Dusaniwsky, it's, Lisa Su Steve Marcus, Microsoft Justin Sullivan, Nvidia Jensen Huang, Las Vegas Rick Wilking, Tesla Tesla Organizations: S3 Partners, Service, Partners Research, Partners, Nasdaq, Reuters, Broadcom Reuters, Palo Alto, Microsoft, Apple Apple, Nvidia, CES Locations: Las Vegas

The S & P 500 rose 8.3% in the second quarter to extended its 2023 advance to 15.9%. Here's a closer look at the Club's best and worst performers in the first half of 2023, starting with the four winningest stocks. West Texas Intermediate crude ended the second quarter under $71 per barrel, about $10 below where it started the year. Humana (HUM) dropped 12.7% in the first half of 2023, rounding out the bottom-four Club stocks between January and June. The common denominator among the worst-performing Club stocks is a bit less obvious than with the winners.

Persons: It's, Dow, Here's, Mark Zuckerberg, Palo, Lisa Su, —, Eli Lilly, Locker, Foot Locker's, Estee Lauder, Estee, Halliburton haven't, encouragingly, Halliburton, Jim Cramer's, Jim Cramer, Jim, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Nasdaq, Dow Jones, Nvidia, FactSet, Meta, Investors, Facebook, Networks, Palo Alto Networks, Alto, AMD, Devices, Palo, would've, The, HAL, Halliburton, West Texas, Coterra, Humana, Disney, DIS, CNBC, Consumer, Audi, Getty Locations: China, Meta, Palo, Palo Alto, Las Vegas, USA

☆ These were the top 10 performing stocks in the S&P 500 in the first half of 2023
▼ + stars: | 2023-06-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks have surged in 2023, with the S&P 500 entering a new bull market after a difficult 2022. These were the top 10 performing S&P 500 stocks in the first half of 2023. Much of the gains have been driven by hype around artificial intelligence, but the top 10 performing stocks aren't only tech names. From home builder companies to cruise line operators, these were the top 10 performing S&P 500 stocks in the first half of 2023. Royal Caribbean CruisesThe Blaster, Royal Caribbean Cruise Ships Royal Caribbean PressTicker: RCLYear-to-date gain: 105.5%4.

Persons: —, Hussein Faleh, Jenn Austin, Lisa Su Steve Marcus, Tesla Tesla, Nvidia Jensen Huang, Rick Wilking Organizations: Service, Nasdaq, General Electric General Electric, GE, Cruise, Reuters, Palo Alto, Royal Caribbean Cruises, Royal Caribbean Cruise Ships Royal Caribbean Press, Carnival Corporation, Nvidia, CES Locations: Las Vegas , Nevada, U.S

An array of startups offers second-life energy storage using old EV batteries. The second-life energy storage idea is in theory simple. The problem is a lack of old EV batteries that shows no sign of easing. He has just sold the car for $3,000 to pay down credit card debt, but wants another used EV. Commercial vehicles provide the best hope thus far for second-life batteries, industry officials said.

Persons: Steven Meersman, Nick Carey LONDON, Hans Eric Melin, Melin, EVs, Elmar Zimmerling, Thomas Becker, Antoni Tong, Jonathan Rivera, Rivera, —, Asad Hussain, Zenobe, Nick Carey, Paul Lienert, Daniel Leussink, Ben Klayman, Barbara Lewis Organizations: REUTERS, Global, Nissan, Energy, EV, Mercedes, P Global Mobility, CES, Tesla, BMW, International Energy Agency, Leaf, Mobility Impact Partners, Victoria Waldersee, Thomson Locations: Portsmouth, Britain, recyclers, U.S, Leipzig, 16GWh, Paris, Europe, Coeur d'Alene , Idaho, London, Australia, New Zealand, Detroit, Berlin, Tokyo

☆ AMD reveals new A.I. chip to challenge Nvidia's dominance
▼ + stars: | 2023-06-13 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

AMD said on Tuesday its most-advanced GPU for artificial intelligence, the MI300X, will start shipping to some customers later this year. AMD's announcement represents the strongest challenge to Nvidia , which currently dominates the market for AI chips with over 80% market share, according to analysts. AMD CEO Lisa Su told investors and analysts in San Francisco on Tuesday that AI is the company's "largest and most strategic long-term growth opportunity." AI chips are one of the bright spots in the semiconductor industry, while PC sales, a traditional driver of semiconductor processor sales, slump. "I love this chip," Su said.

Persons: Lisa Su, Su Organizations: AMD, Nvidia Locations: Vegas, Las Vegas , Nevada, San Francisco

☆ Blink, ChargePoint to launch EV chargers with Tesla's charging connector
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Electric vehicle charging equipment makers Blink Charging (BLNK.O), ChargePoint (CHPT.N) and Tritium (DCFC.O) said on Monday they will offer chargers with Tesla's connector, as the standard Combined Charging System (CCS) connector falls out of favor with automakers. Tesla's NACS is known to be more compact and lighter, making it easier for motorists to use. ChargePoint said it will offer an NACS connector option for its products, and upgrades for chargers that are already in service. Meanwhile, Australia-based Tritium said it will add the NACS connector to its chargers in the United States and other markets that decide to adopt it. "Given recent announcements by Tesla, GM, and Ford, we are clearly witnessing the continued evolution of the EV charging industry as technologies advance and industry stakeholders come together and evaluate best practices," Blink said.

Persons: ChargePoint, Tesla, Blink, Piper Sandler, Akash Sriram, Shinjini Organizations: General Motors, U.S, Ford, EV, Consumer Electronics, GM, Thomson Locations: Australia, United States, U.S, Bengaluru

☆ Retail investors are piling into these 10 stocks as a new bull market gets started
▼ + stars: | 2023-06-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Retail investors are returning to the stock market as a new bull market begins and sentiment improves. These are the top 10 stocks that have seen the heaviest buying pressure from retail investors over the past week. These are the top 10 stocks purchased by retail investors over the past week, according to Vanda Research. Advanced Micro DevicesAMD CEO Lisa Su Steve Marcus/ReutersTicker: AMDFive-day Net Retail Purchases: $203.5 millionYear-to-date performance: 92.7%3. Apple(Photo by Fernando Gutierrez-Juarez/picture alliance via Getty Images)Ticker: AAPLFive-day Net Retail Purchases: $385.9 millionYear-to-date performance: 39.8%1.

Persons: Vanda, —, Microsoft Justin Sullivan, Mario Tama, Lisa Su Steve Marcus, Nvidia Jensen Huang, Rick Wilking, Fernando Gutierrez, Tesla Tesla, Michael Macor Organizations: Vanda Research, Service, Palantir, Retail, Microsoft, Verizon, Reuters, Nvidia, CES, Apple, Getty, Bloomberg, San Francisco Locations: Los Angeles , California, Las Vegas , Nevada, U.S

☆ These are the 10 best performing AI stocks so far this year
▼ + stars: | 2023-05-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The rise of ChatGPT has sparked a frenzy for artificial intelligence stocks in 2023. A "jaw-dropping" earnings report from Nvidia was the latest catalyst to send AI stocks soaring. These are the 10 top-performing artificial intelligence stocks so far in 2023. These are the 10 best-performing artificial intelligence-related stocks so far this year, as of Tuesday afternoon. C3.aiSOPA Images / Getty ImagesTicker: AIMarket Value: $3.2 billionYear-to-date gain: 260.8%

Persons: ChatGPT, —, Alphabet's Bard, It's, Microsoft Satya Nadella, Sean Gallup, Sundar, Synopsys Smith, Lisa Su Steve Marcus, Nvidia Jensen Huang, Las Vegas Rick Wilking Organizations: Nvidia, Service, Companies, Cadence Design Systems, Taiwan Semiconductor, World Semiconductor, Publishing, Getty, Microsoft, Google, Broadcom Reuters, Cadence, Marvell Technology, Marvell Technologies Smith, AMD, Reuters, CES Locations: China, Las Vegas

☆ Nvidia shares jumped 25% this week — and got cheaper. Here's how that happens
▼ + stars: | 2023-05-26 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Consider: On Wednesday, the price-to-earnings ratio for Club holding Nvidia was 66.1 based on full-year 2024 estimates, and 49.1 based on 2025 projections. As a result, the valuation, which is simply price divided by the forward estimates, declined materially. Marvell shares soared 28% on Friday after the semiconductor company reported an earnings beat Thursday after the bell. But the update we got from Nvidia management this week shows Nvidia is actually a better value Friday than it was a week ago. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Paramount streaming service to merge with Showtime on June 27
▼ + stars: | 2023-05-22 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Paramount Global 's flagship streaming service Paramount+ will combine with its Showtime app in the U.S. on June 27, the company said Monday. The Paramount+ with Showtime premium tier will increase to $11.99 from $9.99, while the Paramount+ option without Showtime content will increase by $1 to $5.99. The premium cable-TV network, known for series like "Yellowjackets" and "Billions," will also be rebranded as Paramount+ with Showtime, and the company will also sunset the standalone Showtime app by the end of the year. Paramount has said it expects peak losses for its fledgling streaming service Paramount+ this year.

Persons: Tom Ryan, Max, Bob Iger Organizations: Paramount, LG, Consumer Electronics, Showtime, Warner Bros, HBO Max, Disney Locations: Las Vegas , Nevada, U.S

☆ Tractor maker Deere's future in precision agriculture hinges on space-based connectivity
▼ + stars: | 2023-05-18 | by ( Morgan Brennan | ) www.cnbc.com time to read: +5 min

But the farm equipment maker has been planting the seeds for an increasingly high-tech and autonomous future – one that critically hinges on space. But connectivity is the linchpin of this vision, and space fills a void left by fiber and traditional cellular signals. "We think satellite communications is a really intriguing, interesting technology to pursue to sort of solve that communications gap." Last fall the company put out a request for proposal to the satellite communications industry to partner on space-based connectivity services. "We had this opportunity to bring two industries together — satellite space communications and agriculture — and say, 'What kind of value could we create?'"

☆ Peloton will offer safety guard for recalled Tread+ treadmill
▼ + stars: | 2023-05-18 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Peloton said Thursday that it would release a rear safety guard for its Tread+ treadmill, working with the U.S. Consumer Product Safety Commission. The Tread+ treadmill has been at the heart of safety concerns surrounding Peloton in recent years. Sales for the treadmill have been halted since a young child died under a Tread+ treadmill in 2021. The safety guard will be offered free of charge to people who own a Tread+ treadmill, the company said in a release.

☆ From diversity to accessibility, can technology change the way we think about beauty for the better?
▼ + stars: | 2023-05-15 | by ( Flo Cornall | ) edition.cnn.com time to read: +7 min

CNN —When Bold Glamour launched on TikTok earlier this year, it started a storm on social media. Some on social media were impressed by the technology, but many expressed concern about the way filters can promote unrealistic beauty standards. While there is growing unease about the way technology is impacting our ideas of beauty, some believe it can also change our attitudes to beauty for the better. Social media and filtersDigital filters and augmented reality (AR) have become an intrinsic part of how people represent themselves online. “Thanks to social media we’ve been able to access a multi-diverse pool of representation of what beauty looks like,” she said.

☆ Panasonic sees record profit on robust battery demand, U.S. tax credit
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

The net profit outlook would be up 23% from the prior record for net profit of 284.1 billion yen, set in the year ending in March 2019. The company sees operating profit of 430 billion yen for the year through March 2024, versus 288.6 billion yen a year earlier. That beats the 383.96 billion yen average of 20 analyst estimates compiled by Refinitiv. For the fourth quarter of the year ended March 31, Panasonic posted operating profit of 54.4 billion yen. That compared with 83.4 billion yen a year prior and the 59.49 billion yen average of 12 analyst estimates.

Shares of SUV maker Fisker and truck maker Nikola Corp (NKLA.O), which reported early on Tuesday, fell 7% and 13%, respectively. Shares of Lucid, which makes luxury sedans, dropped 6% on Tuesday after its results late on Monday. Fisker lowered its annual production target to between 32,000 and 36,000 vehicles from its earlier target of 42,400 cars, blaming supply-chain issues and an "updated timing" for roadworthiness certification. The company, which started production of its Ocean SUV just in November and has $652.5 million in cash, also posted a larger-than-expected loss. For Nikola, cash burn came in at $240 million as it produced 63 vehicles.

☆ US shares of EV makers skid after Lucid, Fisker target cuts
▼ + stars: | 2023-05-09 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

REUTERS/Steve... Read moreNEW YORK, May 9 (Reuters) - Cuts to production forecasts by Lucid Group Inc (LCID.O) and Fisker Inc (FSR.N) slammed shares of electric-vehicle makers in early trading on Tuesday, with Lucid down about 9%. Fisker shares were last down 5.3% after the company reported quarterly results earlier on Tuesday and cut its production forecast for 2023. That added to the bearish news for the industry from late Monday, when Lucid reported quarterly revenue that missed analysts' expectations and trimmed its 2023 production forecast. Its shares were down 9.1% in strong early trading volume and on track for their biggest daily percentage drop since Feb. 23. The analysts also reiterated their "buy" rating on Lucid, but lowered their price target to $10.

Stellantis shares were down 2.1% by 0720 GMT, the worst performers within Italy's blue-chip index (.FTMIB). Jefferies analysts said in a note that while revenues were improving, the inventory situation was to be monitored. CHIP FULFILMENTIn the first quarter, Stellantis' net revenue rose to 47.2 billion euros ($52 billion), topping analyst expectations of 45.5 billion euros in a Reuters poll, while consolidated shipments were up 7% to around 1.48 million units. "A better fulfilment of semiconductor orders is slowly but surely improving our capacity to produce vehicles," Palmer said. Sales of battery electric vehicles (BEV) rose 22% in the first quarter, Stellantis said, adding it would add nine new BEV models this year.

☆ I'm a model for Las Vegas trade shows and conventions. The men are annoying and the days are long — but I make a good living and the perks are insane.
▼ + stars: | 2023-05-03 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +7 min

Tawny Triska Pollard works as a trade-show and convention model in Las Vegas. I live in Las Vegas with my husband of 11 years and our corgi, but I've worked in cities such as Los Angeles, San Diego, New York, San Francisco, and Houston. I'm not exclusive to anyone, and the agencies I work with represent shows in Southern California and Las Vegas. Shows in Las Vegas throw a lot of big after-parties, which we're allowed to attend with our badge. There's a darker side to it as wellMen constantly hit on you, especially at the Vegas shows, and we don't typically receive tips.

☆ In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +6 min

In this article MBG-FF Follow your favorite stocks CREATE FREE ACCOUNTLewis Hamilton of Great Britain drives the Mercedes AMG Petronas F1 Team W13 on race day during the 2023 Australian Grand Prix at Albert Park on April 2, 2023 in Melbourne. But Mercedes' F1 collaboration to build more efficient EVs faster is unprecedented because it embeds that racing mindset and technological expertise directly in product development. After decades of leadership in combustion-engine technology, legacy carmakers like Mercedes have lagged Tesla in electric vehicles. Mercedes' F1 team can help it get back in the race, said Steven Merkt, head of transportation solutions at TE Connectivity , a major autos supplier. Last year, Mercedes unveiled its EQXX concept car, a super-efficient EV capable of a range of more than 1,200 km (745 miles), which was jointly developed with the German premium carmaker's F1 team in England.

☆ AMD revenue drops 9% as PC chip sales decline sharply
▼ + stars: | 2023-05-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

AMD reported first-quarter results on Tuesday that showed revenue dropping 9% on an annual basis. While earnings and sales beat Wall Street expectations, AMD's guidance for the current quarter was light and shares dropped over 3% in extended trading. AMD reported $739 million in sales in the category, a 65% decrease from $2.1 billion in sales during the same period last year. AMD management also said that the category is likely to grow in the current quarter. Last week, Intel, AMD's primary competitor in the PC and server chip markets, reported that its overall sales dropped 36%.

☆ Deere Seeks Satellite Network to Connect Far-Flung Farms
▼ + stars: | 2023-05-01 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

Deere’s technology was on display at CES in Las Vegas earlier this year. Photo: Patrick T. Fallon/Agence France-Presse/Getty ImagesTo raise more crops from the earth, tractor maker Deere & Co. is looking to space. The farm-equipment company wants to use satellites to connect farms in remote areas of Brazil and the U.S. as the company rolls out high-tech machinery and software designed to sow and harvest crops more quickly, and with less manpower.

Some are turning to startups who are pivoting to using powerful chips to run quantum-inspired software on regular computers as they bide their time. In the past 18 months, quantum software startups including SandBoxAQ - an Alphabet spinoff - raised about $1 billion, according to data firm PitchBook. Ultimately, the software inspired by quantum physics won't perform well on quantum computers without some changes, said William Hurley, boss of Austin-based quantum software startup Strangeworks. Still, he said companies that start using them will have engineers "learning about quantum and the phenomenon and the process, which will better prepare them to use quantum computers at the point that they do so." Strangeworks, which also operates a cloud with over 60 quantum computers on it, raised $24 million last month from investors including IBM (IBM.N).

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