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☆ Daimler Truck CEO: Proud of what we delivered this quarter
▼ + stars: | 2023-08-01 | 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 EmailDaimler Truck CEO: Proud of what we delivered this quarterDaimler Truck CEO Martin Daum says that, despite a tough business environment, it continues to improve its business structure and its service income has grown significantly.

Persons: Martin Daum Organizations: Daimler

☆ Mission Impossible: Paramount reckoning
▼ + stars: | 2023-07-05 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

NEW YORK, July 5 (Reuters Breakingviews) - Paramount Global’s (PARA.O) predicament is worthy of its successful “Mission: Impossible” franchise. Over the past year or so, Warren Buffett’s Berkshire Hathaway (BRKa.N) has bought and increased its stake in Paramount to about 15%. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan. Streaming service Paramount+ is similar to Netflix, whose enterprise is worth 5 times next year’s estimated revenue. “Mission: Impossible Dead Reckoning Part One,” from Paramount Pictures, opens in movie theaters on July 12.

Persons: Shari Redstone, Looney, Walt Disney, Sumner, Warren Buffett’s Berkshire Hathaway, Goldman Sachs, Byron Trott, Rudolph Valentino, Mae West, Marx, Trustbusters, Martin Davis, Sumner Redstone, Simon, Schuster, Walt, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Paramount, Warner Bros Discovery, AT, Netflix, Apple, Comcast, Electronic Arts, MSD Partners, Viacom, Audio Communications, CBS, Nickelodeon, MTV, Time Warner, Reuters Graphics Reuters, Tiffany Network, National Football League, Fox, Amazon, MGM, U.S, Penguin Random, Walt Disney, Amusements, Paramount Global, BDT Capital Partners, “, Paramount Pictures, Thomson Locations: U.S, Gulf, Western, NAI

☆ Opinion | What Frederick Douglass Knew That Trump and DeSantis Don’t
▼ + stars: | 2023-06-30 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +3 min

Here, it is worth taking a brief tour of the history of birthright citizenship in the United States. Although the idea of birthright citizenship was present in English common law at the time of the adoption of the Constitution, the Constitution as ratified said nothing about acquiring citizenship by either birth or naturalization. To the extent that citizenship came with rights, the scope of those rights was a question of state laws and state constitutions. But there were always proponents of a broader, more expansive and rights-bearing birthright citizenship. “Our common country is the United States,” Delany wrote.

Persons: ”, Martin Delany, ” Delany, Martha S, Jones Organizations: Colored People, Rights, Antebellum, Convention Locations: United States, Union, Antebellum America, America, Rochester , New York

On the recording, Mr. Trump can be heard rustling through papers and describing for his guests a “secret” plan regarding Iran that he said had been drawn up by Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff, and the Defense Department. Mr. Trump was describing the document in an effort to rebut an account that General Milley feared having to keep him from manufacturing a crisis with Iran in the period after Mr. Trump lost his re-election bid in late 2020. Ms. Harrington, one of Mr. Trump’s most aggressive defenders on Twitter, did not respond to questions about whether she is one of the voices talking on the recording as Mr. Trump appears to show a piece of paper. Ms. Harrington; Ms. Martin, who worked for Mr. Trump in the White House; and the other participants in the meeting could be important witnesses if Mr. Trump’s case goes to trial, since they can provide firsthand descriptions of what he was showing as he discussed the Iran plan. A lawyer for Ms. Martin declined to comment.

Persons: Trump, Mark, Milley, Mr, Harrington, Martin, Trump’s, —, Bret Baier Organizations: Joint Chiefs of Staff, Defense Department, Mr, Twitter, Fox News Locations: Iran

☆ Options Action: Traders bullish towards Lucid after Aston Martin deal
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Traders bullish towards Lucid after Aston Martin dealMike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to talk Lucid.

Persons: Aston Martin, Mike Khouw, Melissa Lee Organizations: Options

☆ AI is essential to develop autonomous driving, Daimler Trucks CEO says
▼ + stars: | 2023-06-21 | 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 EmailAI is essential to develop autonomous driving, Daimler Trucks CEO saysDaimler Trucks CEO Martin Daum says autonomous trucks are years away for the company, but AI will play a pivotal role getting there.

Persons: Martin Daum Organizations: Daimler Trucks

☆ One of Revolut's long-term investors just slashed the value of its stake in the fintech by 40%
▼ + stars: | 2023-06-16 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

A second investor in London-based Revolut has slashed its valuation of the fintech this year. Molten Ventures, a long-term backer, has reduced the value of its position in the company by 40%. Revolut is the latest fintech star to take a valuation haircut, following on from the likes of Stripe and Klarna. A second Revolut investor has slashed its valuation of the London-based fintech company as the price correction of high-value private startups continues. Molten cut the value of its stake in Revolut from £91.3 million ($116.8 million) last year to £54.5 million ($69.7 million) as of the end of March.

Persons: Revolut, SoftBank, Draper, Martin Davis, Davis Organizations: Molten Ventures, Tiger Global, BDO, Financial, Financial Times, City Locations: London, Revolut, Europe

☆ Richard E. Snyder, 93, Dies; Drove Simon & Schuster to New Heights
▼ + stars: | 2023-06-08 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

When a friend went for an interview at Doubleday in Manhattan, Mr. Snyder tagged along, and before long was hired as a trainee. “He could rub the material of a jacket between his thumb and forefinger,” Mr. Snyder said in The Times Magazine profile, “and in no more than a second, proclaim, ‘$3.34 a yard.’ He would be right to the penny. I had that gift of feel when it came to books.”In a climate that Mr. Snyder helped create, he billed himself as a businessman rather than as a man of letters. In addition to his son Matthew, from his marriage to Ms. Freund, he is survived by a daughter from that marriage, Jackie; two other sons, Richard Elliott Snyder Jr. and Coleman Yorke, from his marriage to Ms. Yorke; and two grandchildren. Mr. Snyder thrived under Simon & Schuster’s ownership by Gulf and Western Industries, which bought the company in 1975.

Persons: Snyder, Mr, Korda, Dick, ” Mr, Snyder’s, Ruth Freund, Laura Yorke, Terresa Liu, Matthew, Ms, Freund, Jackie, Richard Elliott Snyder Jr, Coleman Yorke, Yorke, Simon, Charles G, Bludhorn, Martin Davis, Davis Organizations: Doubleday, The Times Magazine, Western Industries, Paramount Pictures Locations: Manhattan, Gulf, Western

☆ Verstappen wins in Spain to continue Red Bull sweep
▼ + stars: | 2023-06-04 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Red Bull's Sergio Perez, Verstappen's closest rival in a season that looks sure to crown the dominant Dutch 25-year-old for a third time, finished fourth after fighting back from 11th at the start. The victory was Verstappen's fifth of the season, third in a row, third in Spain and the double world champion's 40th in Formula One. TALKING POINTThe form of the Mercedes drivers, with a re-designed car after a disappointing start to the season, provided a main talking point. Mercedes moved up to second in the championship on 152 points to runaway Red Bull's 287 and with Aston Martin dropping to third on 134. Ferrari's Charles Leclerc, who started from the pitlane after a nightmare in qualifying left him on the back row, finished 11th.

Persons: Max Verstappen, Albert Gea, Mercedes, Perez, Lewis Hamilton, George Russell, Bull's Sergio Perez, Verstappen, Carlos Sainz, Max, Christian Horner, McLaren's Lando Norris, Aston Martin, Hamilton, Russell, Ferraris, Sainz, Aston Martins, Lance, Fernando Alonso, Alonso, Alpine's Esteban Ocon, Alfa Romeo's, Zhou, Pierre Gasly, Yuki Tsunoda, Ferrari's Charles Leclerc, Alan Baldwin, Angus MacSwan, Pritha Sarkar, Ken Ferris Organizations: Prix, Spanish, Prix REUTERS, Spain Dutch, Mercedes, Barcelona's, Formula One, Hamilton, Aston, Alfa, Renault, Thomson Locations: Catalunya, Barcelona, Spain, Verstappen's, London

The recording indicates Trump understood he retained classified material after leaving the White House, according to multiple sources familiar with the investigation. Meadows didn’t attend the meeting, sources said. The revelation that the former president and commander-in-chief has been captured on tape discussing a classified document could raise his legal exposure as he continues his third bid for the White House. On the recording and in response to the story, Trump brings up the document, which he says came from Milley. However, there’s no indication Trump followed the legally mandated declassification process, and his attorneys have avoided saying so far in court whether Trump declassified records he kept.

Persons: Donald Trump, Trump, Jack Smith, Mark Milley, Trump’s, Mark Meadows, Margo Martin, Meadows, Trump “, ”, Dave Butler, Martin, Olivier Douliery, Susan Glasser, Milley, Glasser, ” Milley, Honig, They’ve Organizations: CNN, Federal, White, Justice Department, Trump, Prosecutors, Joint Chiefs, Staff, Milley, Capitol, Getty, Yorker, National Archives, Records Administration, The Justice, Lago, Office, Fox News Locations: Iran, Bedminster , New Jersey, Washington ,, AFP, New, Milley, Lago, Florida, Bedminster, Trump

☆ EV startups conserve cash as make-or-break moment approaches. Here's where everyone stands
▼ + stars: | 2023-05-24 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +14 min

As legacy automakers increasingly ramp production of all-electric vehicles, cushioned by the profits of gas-powered models, a handful of EV startups are scrambling to conserve cash and stay in the mix. It also means the amount of cash Fisker had left as of the end of March, $652.5 million, isn't yet cause for alarm. Still, Fisker cut its production guidance for 2023 to between 32,000 vehicles and 36,000 vehicles, from 42,400 in its original plan. Or as Evercore ISI analyst Doug Dutton wrote before Fisker's earnings report, "Fisker is beginning to turn into a story of binary and 'show me' outcomes." It had $108.1 million remaining as of the end of March, but it lost $171.1 million in the first quarter .

Persons: Tesla, Rivian, Claire McDonough, Rivian's, It's, McDonough, Deutsche Bank's Emmanuel Rosner, Rosner, Sherry House, Peter Rawlinson, Bank of America's John Murphy, Murphy, Aston Martin, Henrik Fisker, Fisker, Doug Dutton, Dutton, Nikola Nikola, Trevor Milton, Nikola, Voltera, TD Cowen, Jeffrey Osborne, Osborne, Polestar Polestar, it's, Johan Malmqvist isn't, aren't, Deutsche Bank's Rosner, Lordstown, Foxconn, Foxconn doesn't Organizations: EV, Amazon, Deutsche, Lucid's, Bank of America's, BMW, Global, Magna International, Nikola, Iveco, Volvo Cars, Geely, Lordstown, Nasdaq, General Motors Locations: Georgia, Magna, Austria, U.S, Europe, North America, Nikola's, Swedish, China, Ohio, Lordstown

☆ Kurt Cobain's smashed-up 'Nevermind'-era guitar sells for almost $600,000
▼ + stars: | 2023-05-22 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —An electric guitar smashed up and signed by the late Nirvana front man Kurt Cobain has sold for almost 10 times its estimated value. The instrument was the headlining item in a three-day auction of pieces of rock history. The guitar, which had been reassembled but remains unplayable, was originally valued between $60,000 and $80,000. According to Julien’s Auctioneers, who staged the sale, Cobain smashed the guitar up “during Nirvana’s seminal Nevermind era,” though no specific details were given. In 2020, the guitar played by Cobain during his 1993 “MTV Unplugged” performance became the most expensive guitar ever sold at auction, going for $6 million.

☆ Baseball Returns to the ‘Hallowed Grounds’ of a Negro Leagues Stadium
▼ + stars: | 2023-05-17 | by ( Gary Phillips | ) www.nytimes.com time to read: +1 min

PATERSON, N.J. — When Bob Kendrick visited Hinchliffe Stadium in 2014, all he could do was hope. Kendrick, the president of the Negro Leagues Baseball Museum in Kansas City, Mo., had journeyed east for a ceremony that recognized Hinchliffe as a National Historic Landmark. The stadium is one of the last of the Negro leagues ballparks still standing, but it was almost impossible to tell at the time. So had local products like Monte Irvin and Larry Doby, who followed Jackie Robinson in the first wave of integrating the American and National Leagues on their own paths to Cooperstown. Two other teams, the New York Black Yankees and the New York Cubans, called the stadium home as well.

☆ Czechs cancel Soviet-era decrees giving Russian embassy free land
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

PRAGUE, May 17 (Reuters) - The Czech government on Wednesday cancelled Soviet-era decrees that granted the Russian embassy free use of land in Prague and other cities, a further step in a more than two-year diplomatic spat with Moscow worsened by the war in Ukraine. The Russian embassy in Prague did not immediately reply to a request for comment. Russia will now have to pay leases to use of the land, the foreign ministry said. Prague has been a strong supporter of Ukraine since Russia invaded on February 2022 and has supplied it with military aid. The Czech parliament designated "the current Russian regime as terrorist" in November.

☆ How to invest in the S&P 500 — a guide to the funds that mimic the influential index's makeup and moves
▼ + stars: | 2023-05-15 | by ( Martin Daks | ) www.businessinsider.com time to read: +17 min

After tracking the S&P 500 from 1965 to 2021, Berkshire Hathaway found the compound annual gain in the S&P 500 was 10.5%. In the case of S&P 500 index funds, the stocks are those of the companies listed in the S&P 500. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. The diversified, passive approach of S&P 500 funds — like most index funds — means an investor's downside is generally limited.

☆ Drivers unimpressed by F1 plans for more splashy intros
▼ + stars: | 2023-05-08 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

That over-the-top scene seemed to go down quite well with fans but left drivers unimpressed, with some looking unsure of what to do beyond wave and smile. F1 says it plans similar splashy intros at eight races this season. "I just hope we don't have that every single time, because we have a very long season, so we don't need an entry like that every time," said Verstappen. The idea behind the catwalk is to provide more interaction between drivers and fans. But drivers say that engagement comes at a cost by taking away time they need to prepare to race.

☆ Alonso starts on front row in Miami but win a long shot
▼ + stars: | 2023-05-07 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

[1/4] May 6, 2023; Miami Gardens, Florida, USA; Aston Martin driver Fernando Alonso (14) of Spain reacts after qualifying for the Miami Grand Prix at Miami International Autodrome. Mandatory Credit: John David Mercer-USA TODAY SportsMIAMI, May 6 (Reuters) - Fernando Alonso will start the Miami Grand Prix on the front row alongside pole sitter Sergio Perez, providing Aston Martin the chance for a win, believes team principal Mike Krack. The Red Bulls of Verstappen and Perez have been in a league of their own this season winning every grand prix, with three of the four races one-two finishes. If you start from the first row your aim has to be to win the race. Verstappen, last year's winner in Miami, will start ninth but Alonso guessed that he will see him on his exhaust by lap 25.

☆ Trump's rape trial defense? His accuser and her friends have Trump Derangement Syndrome
▼ + stars: | 2023-05-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Donald Trump's lawyers have tried to undermine E. Jean Carroll, who accuses him of rape. Just moments later, Trump's lawyers rested their case as well, without presenting any evidence. Carroll and her friends, Trump's lawyers suggest, all have Trump Derangement Syndrome. According to Trump's lawyers, the whole lawsuit is a conspiracy schemed up by ardent Trump critic George Conway. AP Photo/John MinchilloTrump's attorney pointed out that Birnbach had said Trump and his allies had symptoms of Trump Derangement Syndrome.

☆ ProPublica: GOP megadonor paid private school tuition for grandnephew of Justice Clarence Thomas
▼ + stars: | 2023-05-04 | by ( Tierney Sneed | ) edition.cnn.com time to read: +6 min

CNN —A Texas billionaire and GOP megadonor paid boarding school tuition for Supreme Court Justice Clarence Thomas’ grandnephew, and the justice did not report the financial assistance for the child he helped raised on his annual disclosures, according to a new ProPublica report – the latest revelation raising ethical questions around the high court. The ProPublica report on Thursday revealed that the billionaire Harlan Crow paid tuition for Mark Martin, who lived with Thomas’ family as a child and for whom the justice became a legal guardian. ProPublica cited a 2009 bank statement and an interview with a former administrator at the Georgia boarding school Martin attended. The former administrator at the school, Hidden Lake Academy, told ProPublica that Crow paid for Martin’s tuition for the year or so Martin was at the boarding school. The administrator said, according to ProPublica, that he had been told by Crow that Crow also paid for Martin’s tuition at another school, the Randolph-Macon Academy in Virginia, which is Crow’s alma mater.

☆ E. Jean Carroll's friend testifies that they didn't 'scheme' to make up a rape allegation to 'stop' Trump
▼ + stars: | 2023-05-04 | by ( Ashley Collman | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Testimony continued in E. Jean Carroll's rape and defamation lawsuit against Donald Trump on Thursday. Carol Martin told jury about how Carroll confided in her about the alleged rape in the mid-1990s. Former President Donald Trump and E. Jean Carroll. "I'm here because I want to reiterate and remember what my friend E. Jean Carroll told me 27 years ago. In another message, Martin said she thinks Carroll was "acting a little scary" and was "in too deep" but "loving the adulation."

☆ A new bill in Florida would allow citizens to sue for damage to or removal of Confederate statues
▼ + stars: | 2023-04-26 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

A new bill in Florida would allow citizens to sue for damage to or removal of historical monuments. The bill doesn't mention Confederate statues, but opponents say it is a response to it. The newly-elected state senator, endorsed by Ron DeSantis during his 2022 campaign, previously served on the Florida Southwestern State College Board of Trustees. Before being elected, the state senator had been investigated for battery but was cleared by prosecutors in August. Over the past few years, a national movement to remove Confederate statues took hold in the US, with proponents of these removals pointing to the statues' ties to slavery.

☆ What the Boston Marathon Finish Line Means Now
▼ + stars: | 2023-04-15 | by ( Talya Minsberg | Matthew Futterman | ) www.nytimes.com time to read: +14 min

The Boston Marathon is arguably the most elusive finish line of all, and not just anyone can cross it. In 2013, on a cool, partly sunny day, this ebullient scene was shattered when two bombs exploded near the finish line. On Monday, nearly 30,000 runners will journey, down and up and down, toward the finish line of the 127th Boston Marathon. Volunteer, runner I used to volunteer at the finish line, reading information about runners as they finished for the announcer. It means something so different crossing that finish line compared to other marathon majors.

☆ Drive Like James Bond: 3 European Road Tours Inspired by 007 (and His Aston Martin)
▼ + stars: | 2023-03-31 | by ( Brigid Mander | ) www.wsj.com time to read: 1 min

SET-JETTING Pierce Brosnan in an Aston Martin DB5 at the Casino de Monte Carlo in Monaco for the filming of “GoldenEye” (1995). GREAT VACATIONS leave daily life in the dust—none more so than driving tours that involve a supercar worthy of 007 and an itinerary with thrillingly scenic roads. Consider a getaway even Dr. No would say yes to: a jaunt that kicks off in Monte Carlo , Monaco, offered by Ultimate Driving Tours based in Melbourne, Australia. These road trips are booked by both sexes, said Julie Hunter who co-owns the company with her husband Anthony Moss. “Our tours couldn’t be farther from an adrenaline-fueled boys’ trip,” she said.

According to the industry analysis firm's report, Tesla's average installations per week were 21 in 2022, far lower than the company's 1,000-per-week target for 2021. loadingWood Mackenzie said its analysis on Tesla's Solar Roof relies on data from several states, but it captures the largest markets such as California - the state where most of the roofs have been installed - and "paints an accurate national picture". "GAF Energy's Timberline Solar roofing system is better-positioned to achieve widespread adoption," said Max Issokson, analyst at Wood Mackenzie. The potential of Tesla's Solar Roof will rely on the company's ability to simplify and streamline installations and tap into a broader customer base, Issokson added. Solar Roof and GAF Energy's Timberline Solar, which was launched last year, are roofing shingles that can produce solar power.

The EU has progressively tightened limits since "Euro 1" in 1992. The Commission's proposal widens real-driving emissions (RDE) testing and adds continuous testing of emissions via an on-board monitoring system. Euro 7 would take effect in mid-2025 for cars and in mid-2027 for trucks and buses. The European Commission estimates Euro 7 could add up to 150 euros to car prices and 2,600 euros for trucks and buses. A Commission spokesperson declined to comment on executives' statements, but said Euro 7's real-driving emissions tests were important because of "scandals in the past about cheating devices".

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