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☆ Biden proposes banning Chinese vehicles from U.S. roads with software crackdown
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +5 min

The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure through connected vehicles as well as about potential foreign manipulation of vehicles connected to the internet and navigation systems. The planned regulation, first reported by Reuters, would also force American and other major automakers in the coming years to remove key Chinese software and hardware from vehicles in the United States. The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns - a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The move is a significant escalation in the United States' ongoing restrictions on Chinese vehicles, software and components. The rules would apply to all on-road vehicles but exclude agricultural or mining vehicles not used on public roads.

Persons: Joe Biden, Biden, Gina Raimondo, Raimondo, We're, Jake Sullivan, Sullivan, Jan Organizations: White, White House, Reuters, U.S . Commerce Department, United, National, Embassy, U.S, The Commerce Department, Alliance, Automotive Innovation, General Motors, Toyota, Hyundai Locations: Rose, Washington ,, United States, U.S, Yantai, Shandong province, Russia, China, Washington

☆ 42-year-old self-made millionaire: I lived in a 200-square-foot RV for 3 years as I built wealth—it was 'actually quite freeing'
▼ + stars: | 2024-09-22 | by ( Steve Adcock | ) www.cnbc.com time to read: +5 min

The 'freeing' reality of living smallOne of the biggest challenges was getting rid of most of our stuff before moving into the Airstream. We held garage sales over several weekends and digitized thousands of photos onto CDs instead of keeping physical photographs. Living small made household chores quick and easy. Photo: Steve AdcockOur expenses on the roadFor the first year of travel, we spent about $35,000. A night shot of our Airstream in a small campground just west of Tucson, AZ in 2016.

Persons: Courtney, Dodge, Steve Adcock, Patti, Penny, hookups, I've Organizations: Bryce National, of Land Management, Alabama, ACs, Costco, Safeway, YouTube Locations: Bryce, Utah, RVers, Truckee , CA, New York, California, Lake Powell , Arizona, New York's, Montana, Leavenworth , Washington, Bend , Oregon, Tucson, AZ

☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

☆ Israel's Iron Dome missile defense system almost didn't get built
▼ + stars: | 2024-09-21 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Some of the IDF brass feared that missile defense would lead to a defensive mentality, rather than taking the war to the enemy. Ran Kochav, the former head of Israel's air and missile defense system. Indeed, there were similar criticisms in the US as to whether President Ronald Reagan's "Star Wars" missile defense would work. Israel's missile defense system faced its most difficult test in April, when Iran launched hundreds of missiles and drones at Israel. Ultimately, the virtue of missile defense may be that it is the least bad alternative.

Persons: Sidharth Kaushal, Ran Kochav, Israel Defense Forces —, Critics, Kochav, Ronald Reagan's, Yitzhak Rabin, Saddam Hussein, Israel, JALAA MAREY, RUSI, Michael Peck Organizations: Service, Israel Defense Forces, Royal United Services Institute, Business, Cricket, Israeli Air Force, General Staff, Getty, Arrow, Israel, Iron, IDF, Forces, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Israel, British, Iran, Brig, Lebanon, Israeli, AFP, Gaza, Hezbollah, Britain, Jordan, Ukraine, Russia, Forbes

☆ Heavy metals may raise cardiovascular disease risk, study finds
▼ + stars: | 2024-09-20 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

Coronary calcium buildup causes atherosclerosis, a chronic and inflammatory cardiovascular disease marked by narrowed arterial walls and thus reduced blood flow. Environmental contaminants have been increasingly recognized as risk factors for cardiovascular disease, but the association of metals with coronary artery calcification has been “largely unknown,” the study authors said. They hypothesized that higher urinary levels of nonessential metals — cadmium, tungsten and uranium — and essential metals — cobalt, copper and zinc — that have previously been associated with cardiovascular disease may be linked with calcification. The participants didn’t already have clinical cardiovascular disease and were recruited from Baltimore; Chicago; Los Angeles; New York City; St. Paul, Minnesota; and Winston Salem, North Carolina. The trouble with measuring urinary metal levelsThe study has a few other limitations.

Persons: Drs, Sadeer, Khurram Nasir, Sanjay Rajagopalan, weren’t, ”, Katlyn, McGraw, Winston, cardiologists, Andrew Freeman, wasn’t, they’re, ” Freeman, “ It’s, ‘, Kindi, Nasir, Rajagopalan, ” McGraw, —, Freeman Organizations: CNN, American College of Cardiology, Houston Methodist, University Hospitals Harrington, & Vascular Institute, Columbia University’s Mailman, of Public Health, Jewish Health Locations: Cleveland, Baltimore, Chicago, Los Angeles ; New York City, St, Paul , Minnesota, Winston Salem , North Carolina, Denver, Columbia

☆ Wireless device explosions latest in suspected Israeli ‘black ops’
▼ + stars: | 2024-09-19 | by ( Christian Edwards | ) edition.cnn.com time to read: +6 min

Almost exactly 24 hours later, walkie-talkies detonated in a fresh wave of explosions Wednesday across Lebanon, a security source told CNN. In response, Israel launched “Operation Wrath of God” and spent years tracking down those involved in the Munich Massacre. Mahmoud Zayat/AFP/Getty ImagesIranian nuclear scientistsSince 2010, five Iranian nuclear scientists have been killed in foreign-linked assassinations, as Israel tries to prevent its greatest adversary from developing nuclear weapons. Iranian officials said the weapon had used artificial intelligence and facial recognition to detect Fakhrizadeh and open fire, before the car, reportedly packed with explosives, self-destructed. Top Iranian officials blamed Israel for the assassination.

Persons: Israel, God ”, Mahmoud Hamshari, –, ’, Yahya Ayyash, ”, Ayyash, Mahmoud Zayat, Moshe Ya’alon, Der Spiegel, “, Stuxnet, Mohsen Fakhrizadeh, Mohsen Fakhrizadeh's, David Kennedy, ” Kennedy, Ismail Haniyeh Organizations: CNN, Hezbollah, Munich, Palestine Liberation Organization, PLO, Firefighters, Getty, Israeli, ”, Military, Iranian Defense Ministry, US National Security Agency, The New York Times Locations: Lebanon, Iran, Munich, Palestinian, Palestine, Paris, Italian, Gaza, Saida, AFP, United States, Iranian, Bushehr, Israel, Tehran, Nissan

☆ Hezbollah's deadly pagers were sourced from a Taiwanese company and contained explosive material planted by Israel: reports
▼ + stars: | 2024-09-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewThousands of Hezbollah-owned pagers that detonated in unison on Tuesday were made in Taiwan and had been tampered with by Israel, according to multiple reports. The New York Times reported that Hezbollah had purchased the pagers from Gold Apollo, a manufacturer in Taiwan. The same source told the outlet that Mossad, Israel's intelligence service, had planted a board inside the pagers that contained explosive material and could remotely receive a detonation code. " Related storiesHezbollah and Lebanon have both blamed Israel for the exploding pagers, though Tel Aviv has not claimed responsibility. The exploding pagers have led to heightened fears that Israel and Hezbollah may escalate their conflict into a wide-scale or direct war.

Persons: —, Hsu Ching, Kuang, Hsu, Gold Apollo, Israel, Pagers, Benjamin Netanyahu Organizations: Service, Business, New York Times, Hezbollah, Times, Reuters, The, Israeli Defense Ministry Locations: Taiwan, Israel, Iran, Lebanese, Lebanon, Tel Aviv, Gaza

PHOENIX — Members of an Arizona tribe are trying to persuade a federal judge to extend a temporary ban on exploratory drilling for a lithium project near lands they have used for religious and cultural ceremonies for centuries. The case is among the latest legal fights pitting Native American tribes and environmentalists against President Joe Biden’s administration as green energy projects encroach on lands that are culturally significant. The springs have served as a place of healing and prayer for generations, the tribe has said in court filings. Federal land managers also are expected to issue a draft environmental review of a lithium mine planned by Australian company Ioneer Ltd. between Reno and Las Vegas. Backers of Arizona Lithium’s project include the Navajo Transitional Energy Company, which announced its plans in 2022 to join with the Australian company and work as a contractor on the project.

Persons: Joe Biden’s, Thacker, Ha’Kamwe ’, ’, NTEC, Hualapai Organizations: PHOENIX, of Land Management, Arizona Lithium Ltd, Ioneer, Center for Biological Diversity, Mining, Historic Preservation, Environmental, Government, Navajo Transitional Energy Company Locations: Arizona, U.S, Phoenix, Las Vegas, Nevada, Oregon, Reno, Sandy, Colorado

☆ Dozens wounded after pagers detonate in Lebanon, media and security officials say
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +3 min

Dozens of people were wounded in Beirut's suburbs and other parts of Lebanon after their handheld pagers exploded Tuesday, Lebanese state media and security officials said. Photos and videos from Beirut's southern suburbs circulating on social media and in local media showed people lying on the pavement with wounds on their hands or near their pants pockets. The news agency reported that in Beirut's southern suburbs and other areas "the handheld pagers system was detonated using advanced technology, and dozens of injuries were reported." A Hezbollah official said that at least 150 people, including members of the group, were wounded in different parts of Lebanon when the pagers they were carrying exploded. He added that the new pagers that Hezbollah members were carrying had lithium batteries that apparently exploded.

Persons: pagers, Hassan Nasrallah, —, Israel Organizations: Hezbollah, Associated Press, Lebanon's Health, National News Agency Locations: Beirut, Lebanon, Israel, Beirut's, Lebanese, Israeli, Bekaa, —, Gaza

☆ Hezbollah decided months ago to switch from risky cellphones to pagers for security. The low-tech devices just blew up.
▼ + stars: | 2024-09-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewHezbollah militants decided to switch from risky cellphones to old-fashioned pagers only months before the devices suddenly blew up across Lebanon on Tuesday, earlier reporting shows. Wireless pagers used by Iran-backed Hezbollah members mysteriously detonated around Lebanon, killing at least eight people and injuring nearly 3,000 more, including scores of militants, per local estimates. Hezbollah and Lebanon have both blamed Israel for the carnage, which has not claimed responsibility. Lebanese security services told Reuters on Tuesday that the pagers were new models acquired by Hezbollah in recent months. AdvertisementDespite long-standing concerns of escalation, Israel and Hezbollah have managed to avoid a wider confrontation.

Persons: —, Israel, Washington, It's, Marwan Naamani, Benjamin Netanyahu's Organizations: Service, Wireless, Business, US State Department, American University, Getty Images, Reuters, Hezbollah Locations: Lebanon, Iran, Beirut, Ukraine, Lebanese, Israel

☆ We still don’t know how the Lebanon pager attack happened. Here’s what we do know about our own electronic devices
▼ + stars: | 2024-09-17 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —So far, the attacks that targeted Iran-backed Lebanese militant group Hezbollah members through their pagers have had devastating consequences. Justin Cappos, a cybersecurity professor at NYU, said that it’s possible to cause damage to a variety of batteries – most commonly lithium batteries, which have caused dangerous fires. If correct, this would suggest a very high penetration of Hezbollah’s supply chain for those devices,” Horowitz said over email. When it comes to battery safety, the National Fire Protection Association has a set of safety guidelines for lithium batteries, such as properly disposing of them. A Lebanese security source told CNN that Hezbollah had recently purchased the devices.

Persons: Israel, they’ve, Justin Cappos, ” Cappos, Baptiste Robert, Michael Horowitz, “ We’ve, ” Horowitz, CNN’s Christian Edwards, Adrienne Vogt, Aditi Sangal Organizations: New, New York CNN, CNN, Israel Defense Forces, NYU, Predicta, Le Beck, Fire Protection, Samsung, Galaxy, US Consumer Product Safety, Hezbollah Locations: New York, Iran, Lebanese, Israel

☆ A push toward sustainable jet fuel is leaving investors with unanswered questions
▼ + stars: | 2024-09-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called "sustainable aviation fuel" (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector. SAF is a broad term describing fuel that is burned by an aircraft engine, but instead of using kerosene is derived from more sustainable sources. The planemaker said it is collaborating with producer HIF Global on the development of methane-based fuels, and investing in alcohol-to-jet fuel producer LanzaJet. But IATA's own forecast for SAF production to triple in 2024 to 1.9 billion liters would cover just 0.53% of aviation fuel demand for the year. "The truth is, it's going to be more expensive, you can't really sugarcoat that," said HIF Global's Clara Bowman.

Persons: Neste, HIF, Buzz, Lauren Riley, Riley, Rick Nagel, You've, Clara Bowman, Bowman, United's Lauren Riley, HIF Global's Clara Bowman Organizations: SAF, Bloomberg, Getty, United Airlines, Chicago O'Hare International, Labour, Airbus, Farnborough Air, CNBC, International Air Transport Association, Acorn Capital Management, Porsche, HIF, Union's Renewable Energy Directive, Biden, Boeing, Google, Embraer Locations: Singapore, Chile, Texas, U.S, America

☆ Why the European Union's tariffs on Chinese automakers may not work
▼ + stars: | 2024-09-14 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German automotive trade association says they would hurt German automakers, which have a significant presence in China. China has been exporting cars to countries all around the globe, and both supporters of tariffs and trade and industry analysts point to China's support for its domestic manufacturers as a rationale for imposing tariffs. Chinese automakers can produce a car for about $5,500, said Felipe Muñoz, senior analyst for JATO Dynamics, while it costs European automakers closer to $20,000.

Persons: William Reinsch, Scholl, Felipe Muñoz, Muñoz, It's Organizations: European Union, China, Business, Center for Strategic, International Studies, JATO Dynamics Locations: European, China, Germany, Washington ,

In fact, the Biden administration recently imposed its own set of tariffs, while extending ones first levied during the Trump administration. Take the tariffs the Trump Administration imposed on washing machines in 2018. The washing machine tariffs were part of a broad new tariff regime Trump imposed in an effort to protect American workers from anti-competitive Chinese trade practices. It resulted in what is generally viewed as a “trade war” involving retaliatory tariffs imposed on American goods. The White House gave a rationale similar to the Trump administration when it announced its tariffs.

Persons: Kamala Harris, Donald Trump, Trump, ” Trump, ” Harris, Biden, Harris, —, There’s, ”, ” Biden, Douglas Irwin, ” Irwin, ” Sen, Sherrod Brown, Sen, Tom Cotton, Nick Iacovella, “, ” Iacovella, Davis Organizations: GOP, Democratic, Tax, Trump, Coalition for, Prosperous, White, American Enterprise Institute, Federal, “ Ohio steelworkers, “ Workers, Administration, U.S . Steel, Harvard University, University of California Locations: China, Prosperous America, U.S, Mexico, Ohio , New York, Ohio

☆ Biden finalizes increases to China tariffs
▼ + stars: | 2024-09-13 | by ( Katie Lobosco | ) edition.cnn.com time to read: +2 min

Washington CNN —The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May. The administration’s increases come as Vice President Kamala Harris and former President Donald Trump have clashed over tariffs on the campaign trail. Trump implemented sweeping tariffs on about $300 billion of Chinese-made products when he was in office. “Today’s finalized tariff increases will target the harmful policies and practices of the People’s Republic of China that continue to impact American workers and businesses,” US Trade Representative Katherine Tai said in a press release. China is expected to retaliate by increasing tariffs on US-made goods.

Persons: Washington CNN —, Biden, Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, Today’s, Katherine Tai, Wang Wenbin, ”, He’s, Kayla Tausche Organizations: Washington CNN, US Trade Representative’s, US, Trade Organization Locations: People’s Republic of China, China

☆ ChatGPT maker says its new AI model can reason and think ‘much like a person’
▼ + stars: | 2024-09-13 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —OpenAI has unveiled a new artificial intelligence model that it says can “reason” and solve harder problems in science, coding and math than its predecessors. The model, the first in a series called OpenAI o1, was released Thursday as a preview, with the firm saying it expects regular updates and improvements. “We trained these models to spend more time thinking through problems before they respond, much like a person would,” the maker of ChatGPT said on its website. The new OpenAI model doesn’t yet have many of the features “that make ChatGPT useful,” the firm said, like browsing the web for information, and uploading files and images. In tests, OpenAI o1 performs similarly to PhD students on difficult benchmark tasks in physics, chemistry and biology, according to the company.

Persons: London CNN — OpenAI, “, ChatGPT, OpenAI, Noam Brown, ”, Sam Altman, Ruth Porat, Dario Amodei Organizations: London CNN, White House, OpenAI, Google, CNN, OpenAI o1, International

☆ A plan to extract gold from mining waste splits a Colorado town with a legacy of pollution
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +8 min

The magnitude of mining waste globally is staggering, with tens of thousands of tailings piles containing 245 billon tons (223 billion metric tons), researchers say. Overseeing Leadville’s water supply is Parkville Water District Manager Greg Teter, who views CJK Milling as potential solution to water quality problems. As long as Leadville’s piles remain, their potential to pollute continues. Despite the mess from Leadville’s historic mining, Teter spoke proudly of his industry ties, including working in two now-closed mines. “If it were not for mining, Leadville would not be here.

Persons: “ We’re, ” Brice Karsh, Thomas Peipert, Nick Michael, Michael, ”, Christian Luna, Leal, ” Luna, Michael said, geochemist Ann Maest, remining, Maest, Greg Teter, Teter, ” Teter, CJKs, Richard Mylott, Mylott Organizations: National Mining Museum, “, Parkville Water, U.S . Bureau of Reclamation, Environmental Protection Agency, EPA, Rockies Locations: LEADVILLE, Colo, —, Colorado, Leadville, Arkansas, Mount Elbert, ”, Leadville —, Mexico, town’s, “, Parkville, Leadville’s, East Helena, Anaconda , Montana, Midvale , Utah, South Dakota, Creede , Colorado

☆ Harris or Trump: Does it matter for China who wins the election?
▼ + stars: | 2024-09-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Casanova's view is shared by other experts who have said that both the Republican and the Democratic presidential nominees — Donald Trump and Kamala Harris — will remain tough on China. U.S. trade ties with China will remain tense no matter who wins the election in November, according to Carlos Casanova, senior economist at Swiss private bank UBP. Stronger tariffs by Harris cannot be ruled out either, given Biden not only retained Trump's tariffs, he piled on more. During the debate, Harris did not give specifics on her China policy, but said that "a policy about China should be in making sure the United States of America wins the competition for the 21st century." So it doesn't matter who wins the election," Casanova told CNBC's "Squawk Box Asia."

Persons: Donald Trump, Kamala Harris —, Carlos Casanova, Trump, Harris, Eswar Prasad, Biden, Casanova, CNBC's, Janet Yellen, Yellen, Marko Papic, it's Organizations: Republican, Democratic, CNBC, U.S, Cornell University, America, BCA Research Locations: Yantai, China, China . U.S, Swiss, U.S, United States, Europe, Beijing

☆ EV charging and range are improving. People still don't want to go electric.
▼ + stars: | 2024-09-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

Read previewWe're getting closer to a cure for range anxiety, so why don't more people want an EV? This dip in demand is reflected in a stagnation in EV sales growth over the past year as companies adjust to a new crop of more practical green-car shoppers. Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022. Affordability is also a key issue for today's electric car shoppers, an issue the industry has tried to address with lower sticker prices. But EV shoppers have found a new cost to angst over.

Persons: —, EY, Marc Coltelli, Kelley, EVs, it's, Power, Raman Ram Organizations: Service, Business, Power, Utilities, Industry, EV, Pew Research, Department of Energy, Americas Aerospace, Defense Locations: Americas

☆ A Porsche-backed startup is building a massive battery recycling plant to boost Europe's EV industry
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.nbcnews.com time to read: +3 min

A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their life. Cylib says its facility will be the largest end-to-end lithium-ion battery recycling facility in Europe. Cylib said the new plant would primarily serve automotive, battery manufacturing and chemicals clients. “Cylib reaching industrial scale production will be a key driver in building a robust European battery infrastructure,” Schwich said in a press statement. “Battery recycling is pioneering the circular economy, proving that economic success is compatible with reduced environmental impact,” she added.

Persons: Cylib, Lilian Schwich, Gideon Schwich, Paul Sabarny, “, ” Schwich Organizations: Cylib, EV, Porsche, Bosch, Hydro, CNBC, European Union, World Fund, Porsche Ventures, Climate Fonds Locations: Germany, Dormagen, North Rhine, Westphalia, Europe, Norway, Hydrovolt, Chempark

☆ Battery giant Northvolt to lay off staff in huge cost-cutting drive amid EV market slowdown
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Northvolt, a key battery producer for Europe's electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility in Poland. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately-held tech firms that builds lithium-ion batteries for the electric vehicle industry. The battery maker cited a "challenging macroeconomic environment and our subsequent reassessment of Northvolt's near-term priorities" as the key reasons behind its decision to embark on the cost-cutting drive. Northvolt has faced a litany of pressures in recent months — not least the demand challenges facing the broader electric vehicle industry. BMW said at the time that the deal had been cancelled due to Northvolt being unable to deliver on time.

Persons: Northvolt, Peter Carlsson Organizations: Volkswagen, Volvo, Alternative Fuels, BMW, EV Locations: Poland, Stockholm, Sweden, Europe

☆ The $100,000 electric truck market is here. A guide to pickups from Tesla, GM, Rivian and Ford
▼ + stars: | 2024-09-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +10 min

There are currently a handful of electric trucks for purchase in the U.S. market: the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado. The GMC Hummer and Rivian also have SUV versions, which feature similar functions as their pickup counterparts but in different forms. The SUV version is smaller and more manageable to drive than the pickup truck version. When the F-150 Lightning hit the market, it was the first "mainstream" electric truck. An electric Ford F-150 next to a Tesla Cybertruck in front of Ford's world headquarters on Aug. 27, 2024 in Dearborn, Mich. Michael Wayland / CNBC

Persons: Michael Wayland, CNBC DETROIT – Tesla, Stephanie Brinley, it's, Stephanie Valdez Streaty, Tesla, Ford, Rivian R1T, Rivian, Kelley, Sierra EVs Organizations: GMC, Denali, Tesla, Ford, CNBC DETROIT, Motors, Rivian Automotive, P Global Mobility, Cox Automotive, General Motors, GMC Hummer EV, GMC Sierra Denali, Chevrolet Silverado, Motor Intelligence, Renaissance Center, CNBC, GM, U.S . Environmental Protection Agency, Cruise, Silverado, GMC Sierra GM's, DC, Chevrolet, Sierra Locations: U.S, Detroit, Dearborn, Mich

☆ China’s state media: Canada is 'shooting itself in the foot’ with new EV tariffs
▼ + stars: | 2024-08-28 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

BEIJING, CHINA - DECEMBER 04: China and Canada flag is displayed in front of the Forbidden City on December 4, 2017 in Beijing, China. China's state media has criticized Canada over its decision to impose 100% import tariffs on Chinese electric vehicles, using bolder language than Beijing's official government response. Canada is "shooting itself in the foot" by "following U.S.' protectionist policies," the outspoken editor of the Global Times, a Chinese government mouthpiece, wrote Wednesday. On Monday, Canada announced that it would import 100% tariffs on China-made electric vehicles, effective Oct. 1. The Biden administration announced in May significant tariffs on Chinese EVs, advanced batteries, solar cells, steel, aluminum and medical equipment.

Persons: Biden, Lin Jian, Lin, Justin Trudeau, –, Sheila Chiang Organizations: Global Times, Communist Party, European Union, European, China's Ministry of Commerce, Foreign Ministry, Ottawa Locations: BEIJING, CHINA, China, Canada, City, Beijing, U.S, EVs

☆ 'A different perspective': This top marine scientist is determined to resolve deep-sea mining's murky future
▼ + stars: | 2024-08-27 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Environmental activists calling for an international moratorium on deep-sea mining. Pallava Bagla | Corbis News | Getty ImagesCarvalho's election victory comes at a time of intense debate about the future of deep-sea mining and the world's oceans. Scientists have warned that the full environmental impacts of deep-sea mining are hard to predict. I would be very much concerned to have a mining exploitation request sat on my table without a mining code. "I would be very much concerned to have a mining exploitation request sat on my table without a mining code," Carvalho said.

Persons: Leticia Carvalho, Carvalho, Michael Lodge, Gerard Barron, Carolyn Cole Organizations: Getty, International, Authority, CNBC, ISA, Corbis, ISA Council, The Metals Company, Los Angeles Times, Istock Locations: Leticia Carvalho Brazilian, Jamaica, Nauru

☆ Commodity ETFs are sliding in the third quarter. Why that could be positive for patient investors
▼ + stars: | 2024-08-24 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

More than halfway through the third quarter, many of the biggest commodity ETFs in the United States are in sizable holes. Kathy Kriskey, senior commodities ETF strategist at Invesco, said that oil supply is actually tight at the moment. The commodities slump could be partially due to mechanical factors in the market, such as low trading volumes combined with large commodity trading advisors betting against the sector, Kriskey said. "The price of corn has taken almost three full years from those 2022 spike highs to get back down. And oil, one of the biggest weights in commodity indexes, could see stepped up supply in coming months.

Persons: It's, Ryan Grabinski, Strategas, Kathy Kriskey, Kriskey, Sal Gilbertie, We're, Gilbertie, What's, Jerome Powell, Goldman Sachs, Morgan Stanley, Matijn, — CNBC's Michael Bloom Organizations: Strategy, United States Oil Fund, U.S ., Commodities, 4Q, DB Base Metals Fund Locations: United States, Ukraine, U.S, China

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