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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDepreciation on EVs went up because of Tesla's price cuts, says Hertz CEO Stephen ScherrHertz Chair and CEO Stephen Scherr joins 'Mad Money' host Jim Cramer to talk its EV fleet, quarterly earnings, its stock price and more.
Persons: EVs, Hertz, Stephen Scherr Hertz, Stephen Scherr, Jim Cramer
BP buys $100 million worth of Tesla chargers
  + stars: | 2023-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +1 min
CNN —Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP. BP will begin installing the chargers next year, but no specific number of chargers was mentioned in the announcement. These chargers won’t look like other Tesla chargers, though. BP Pulse, BP’s EV charging business, operates 27,000 charging points currently and has announced plans for rapid expansion.
Persons: Tesla Organizations: CNN —, BP, Tesla, CCS, Amoco, Hertz, EV Locations: America
LONDON, Oct 26 (Reuters) - BP's (BP.L) electric vehicle charger unit is ordering $100 million worth of Tesla (TSLA.O) ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday. "Selling our fast-charging hardware is a new step for us, and one we're looking to expand," Tesla's senior director for charging infrastructure Rebecca Tinucci said in a statement. "(This) is a major step forward in our ambitions for high speed, open access charging infrastructure in the U.S.," BP Pulse global CEO Richard Bartlett said. The 250 kilowatt BP Pulse-branded chargers will be compatible with both Tesla's North American Charging Standard (NACS) and Combined Charging System (CCS) connectors enabling the charging of EV models from other carmakers. Automakers have been moving to adopt Tesla's NACS, taking the Elon Musk-led company's superchargers closer to becoming the industry standard at the expense of the rival CCS.
Persons: Tesla, Rebecca Tinucci, BP, Richard Bartlett, Tesla's, Elon, company's superchargers, Nick Carey, Kirsten Donovan Organizations: BP, EV, Travel Centers of America, Amoco, Hertz, CCS, Thomson Locations: United States, Houston, Phoenix, Los Angeles, Chicago, Washington, U.S
The usual suspects were to blame — rising bond yields, geopolitical tensions, and oil prices — and will hold the keys to the market this coming week. Earnings are one of the three major themes on the marquee next week, with 10 Club companies reporting. Here are the companies: Danaher (DHR), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Veralto (VLTO), Honeywell (HON), Linde (LIN), Amazon (AMZN), Ford (F) and Stanley Black & Decker (SWK). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: , Jerome Powell, Jim Cramer, Jim, Morgan Stanley, Stanley Black, Decker, Danaher, Veralto, it's, Mark Zuckerberg, We're, Vimal Kapur, Linde, Jim Farley, Ford, FactSet, Powell, WTI, Baker Hughes, Edwards Lifesciences, Northrop, CARR, Davidson, Dr Pepper, Phillips, Jim Cramer's, Michael M Organizations: Dow Jones, Nasdaq, Economic, of New, Treasury, West Texas, Procter, Gamble, 10, Microsoft, Honeywell, Linde, LIN, Health Care, Technology, Communications Services, Google, Meta, Ford, Amazon, United Auto Workers, Atlanta, Wall Street, Hamas, Brent, Strategic Petroleum Reserve, Logitech, Verizon, General Electric, GE, RTX Corporation, Halliburton, HAL, General Motors, Dow Chemical, DOW, Xerox, Texas Instruments, F5 Networks, WM, Boeing, Fisher, Mobile, Hilton, General Dynamics, Norfolk Southern, Otis Worldwide, IBM, KLA, O'Reilly Automotive, Mattel, Whirlpool, Gross, Royal Caribbean Cruises, Hershey Company, United Parcel Service, Southwest Airlines, Altria, Northrop Grumman, Valero Energy Corp, Mastercard, Merck, Co, Myers Squibb, Newmont, Tractor Supply Company, Comcast, Seagate Technology, Boston, Hertz, Carrier, Hasbro, Harley, Intel, Grill, United States Steel, Boston Beer Company, Texas, University of Michigan, Exxon Mobil, Chevron, Charter Communications, Colgate, Palmolive, Newell Brands, Sanofi, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: of New York, U.S, Industrials, OpenAI, America, Venezuela, Cleveland, Norfolk, ORLY, Bristol, Brunswick, Oshkosh, New York City
E.V. Range Anxiety: A Case Study
  + stars: | 2023-10-19 | by ( David Gelles | More About David Gelles | ) www.nytimes.com   time to read: +1 min
Electric vehicle sales are booming, and an effort is underway to blanket the country with new charging stations. I’ve been renting electric cars ever since Hertz started offering Teslas as an option a couple of years ago. Whenever I needed to power up, I found one of Tesla’s fast charging stations and was back on the road with a nearly full battery in less than an hour. But when I arrived in Minneapolis for a reporting trip this summer, the Tesla I had reserved wasn’t available. rentals, this would be a bit of a road trip, the kind of long drive through sparsely populated farmland that is a hallmark of American car culture.
Persons: I’ve, Hertz, Tesla Locations: Minneapolis, South Dakota
A 2015 law requires rental car companies with 35 or more vehicles to complete recall repairs before renting vehicles. The agency is requiring Zipcar, a unit of Avis Budget Group (CAR.O) since 2013, to submit an audit report of all Zipcar vehicles with uncompleted recall repairs at any time within 150 calendar days after the effective date of the settlement. On Monday, Zipcar said the settlement stems from a 2017 recall in which less than 50 of 12,000 vehicles of its global fleet were found in violation. Zipcar added the recall "was a unique mileage-based recall that did not require the immediate grounding of the vehicles" and added the vehicles are no longer in its fleet. "Vehicles with open, unrepaired recalls pose a safety risk to everyone on the road," said Ann Carlson, NHTSA's acting administrator.
Persons: Robert Galbraith, Zipcar, unrepaired, Ann Carlson, NHTSA's, Hertz, David Shepardson, Chris Reese, Paul Simao, David Gregorio Our Organizations: REUTERS, Rights, National, Traffic Safety Administration, Avis Budget Group, Vehicles, NHTSA, Hertz, Thomson Locations: San Francisco , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe might be near the endgame for UAW strike: Former Ford CEO Mark FieldsMark Fields, former Ford CEO and Hertz board member, joins 'Squawk on the Street' to discuss how Fields sees strike negotiations playing out for Ford, the decision to stop work at Ford's Kentucky truck plant, and more
Persons: Mark Fields Mark Fields, Hertz, Fields Organizations: UAW, Ford Locations: Ford's Kentucky
How Many Credit Cards Should I Have?
  + stars: | 2023-10-10 | by ( Gerri Detweiler | ) www.wsj.com   time to read: +17 min
Use this guide to identify what kind of credit card user you are—and how many credit cards you should have. A secured credit card can be a smart option if you don’t have a very good credit score. Most small business credit cards require a good personal credit score and sufficient income from all sources, not just the business. However, many business credit cards don’t appear on consumer credit reports, which means they don’t impact your credit scores as long as you pay on time. Similar to choosing a personal credit card, pick your business credit cards based on your spending habits.
Persons: I’ve, you’ll, you’re, , Jeff Richardson, FICO, You’ll, You’re, airfare, Organizations: VantageScore Solutions, Wells, U.S, Walmart, Amazon.com, Foods, Chase Travel, Amazon Prime, Visa, Amazon, Capital, Hertz, American Express, Card, Chase Locations: U.S, superstores
Learn morePrime Day gaming deals are back in action as we get our second Prime Day event in 2023. If you'd like a look at the highlights from the wider sale, head on over to our Prime Day deals live roundup. It'll run through midnight PT on October 11, but don't dawdle, since the best deals are sure to sell out fast. The best Prime Day gaming PC dealsThe best Prime Day gaming monitor dealsThe best Prime Day gaming headset, webcam, and microphone dealsThe best Prime Day gaming mouse and keyboard dealsThe best Prime Day gaming accessory dealsAre mechanical keyboards actually better for gaming than membrane keyboards? But Prime Day deals can still be massive.
Persons: We're, we've, We've, you've, it's Organizations: Logitech, Amazon, League
Amex Member Week 2023 will offer eligible cardholders presale ticket access, special experiences, and more. To find the right Amex card for you, read more about our picks for the best American Express cards. American Express Member Week 2023 detailsTo take full advantage of Amex Member Week, you need to have an Amex card, such as The Platinum Card® from American Express, the American Express® Gold Card, or The Business Platinum Card® from American Express. Amex Member Week exclusives span a number of categories, from entertainment and live events to retail offers. They can receive up to $165 in total value when making select purchases from the following merchants:DocuSignHertzInstacart BusinessLowe'sSquarespaceProducts in this post: The Platinum Card® from American Express, American Express® Gold Card, The Business Platinum Card® from American Express
Persons: , you'll, Amex, Olivia Rodrigo, Resy, Fermin Nunex, Matt Conroy, Isabel Coss, cardmembers, James Jarvis, DocuSign Organizations: Service, American Express, American, YouTube, Amex, Delta, Delta.com, Lufthansa, Qatar Airways, Regent Seven Seas, Seabourn, Bose Dell, DocuSign Hertz Locations: Delta, York City, Las Vegas, Miami, Austin , Texas, Washington ,
Shopify CEO Tobi Lütke wrote a company-wide memo Wednesday discouraging employees from having side hustles. "This surprises me because it directly contradicts the countless times I've said Shopify is like a professional sports team that requires our unshared attention." The Vault is a set of internal web pages where Shopify employees can access information about company policies. "He was someone who could devote his full attention and time to that quest," Finkelstein wrote. Lütke said Wednesday that employees should start their own Shopify stores because it helps them to stay familiar with the platform.
Persons: Tobi Lütke, Lütke, I've, Shopify, Harley Finkelstein, David Segal, Finkelstein, Segal, Jess Hertz, Read, Jess, Tia, Truman Locations: Shopify, mstone@insider.com
Best Credit Cards for TSA PreCheck and Global Entry
  + stars: | 2023-09-26 | by ( Emily Sherman | ) www.wsj.com   time to read: +12 min
Many travel credit cards have removed this cost barrier for their users—offering a statement credit that covers the cost of applying to either TSA PreCheck or Global Entry. All you have to do is pay the $78 PreCheck fee or $100 Global Entry fee with your card and you’ll automatically be reimbursed. Other cards to considerWhile these cards are our favorites boasting a TSA PreCheck or Global Entry credit, there are a few other options if none of them align with your needs. How we pickedTo choose Buy Side’s Best Credit Cards for TSA PreCheck and Global Entry, we looked at more than 30 credit cards that offered a credit for these application fees. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.
Persons: Emily Sherman, You’ll, cardholders, Uber, airfare, Chase, Cardholders Organizations: TSA, Hertz, One Venture, Venture, Venture X, Capital, American, Amex, American Express, Amex Travel, Chase, TSA PreCheck, Chase Sapphire, U.S, Sapphire Reserve, Bank of America, of America, Merrill Locations: Capital, Canada
Treasury yields jumped last week, with the 10-year Treasury hitting its highest yield since 2007. Long duration stocks, which have the bulk of their projected earnings and cash flow far off in the future, have started to underperform short duration stocks that are generating significant cash already. For investors looking for short duration stocks that have not yet started to outperform, shares of rental car company Hertz Global are down 20% month to date. Overall, the short duration stocks highlighted by Goldman have lower valuations and a stronger near-term earnings picture than the long-duration stocks. 50% of companies in the Long Duration basket are expected to post negative EPS in 2023, compared with 6% for Short Duration," Kostin said.
Persons: Goldman Sachs, David Kostin, Kostin, Goldman, — CNBC's Michael Bloom Organizations: Treasury, Sinclair, U.S . Steel, . Steel, Hertz Locations: LSEG .
A Hertz customer found 10 pounds of rancid meat in his rented Tesla's front trunk, the WSJ reported. He told Insider the rotting meat had burst from its packaging and was oozing all over the frunk. The next renter made the unlucky discovery: Costco bags and a 10-pound pack of rancid meat that he told Insider was absolutely pungent. "Buried underneath the pile of groceries was the source of the stink," Marc Froemelt told Insider. He told Insider that he noticed the strange smell, but attributed it to odors from the roadside.
Persons: Marc Froemelt, what's, Tesla, Froemelt, Hertz, it's, Ford Organizations: Service, Tesla, Hertz, Wall Street, New, LaGuardia, Ford Locations: Wall, Silicon, who's, Atlanta
The Paradox of EV Car Rentals
  + stars: | 2023-09-06 | by ( Dawn Gilbertson | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/lifestyle/travel/electric-vehicle-rentals-tesla-hertz-38ecd430
Persons: Dow Jones
As EVs Fill Rental-Car Lots, Drivers Feel Jittery
  + stars: | 2023-09-06 | by ( Dawn Gilbertson | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/lifestyle/travel/electric-vehicle-rentals-tesla-hertz-38ecd430
Persons: Dow Jones
The director of the World Food Programme says 42 million people are at high risk of starvation. "Billionaires need to step up," he told CNN in an interveiw that aired Tuesday. "The governments are tapped out," David Beasley, the executive director for the UN's World Food Programme, told CNN in an interview that aired Tuesday. "This is why and this is when the billionaires need to step up now on a one-time basis. "The top 400 billionaires in the United States, the net-worth increase was $1.8 trillion in the past year," Beasley told CNN.
Persons: David Beasley, Elon Musk, Jeff Bezos, I'm, Beasley, it's, Tesla, David Beasley's Organizations: CNN, Service, UN, Amazon, SpaceX, Forbes, Hertz, Integrated Locations: Wall, Silicon, United States
"For most of our history, profitable wasn't the first thing that came up when you asked someone about Uber," Khosrowshahi said on Uber's second-quarter conference call Aug. 1. The $1 a ride alone can add up to $4,000 to a driver's annual revenue, the company says. All of them will compete for customers on Uber's platform much as hotels search for business on Expedia.com – a business once run by Khosrowshahi. Indeed, one threat to Uber's current status as a market darling is if AV makers, especially Tesla, decide to compete with Uber directly for riders, Zino said. Khosrowshahi told Sellers that 10-20% of Uber drivers may soon be robots, but said he still thinks more people will be driving for Uber than there are today.
Persons: Angelo Zino, Uber, Savannah, Khosrowshahi, Dara Khosrowshahi, Zino, Scott Devitt, Morgan Stanley's Brian Nowak, undercharging, They've, Devitt, , Hertz, That's, Tracy Lynn Young, Tesla, they've, Cruise, AVs, Sellers Organizations: GM, General Motors, Ideas, Uber Technologies, Aurora, Wedbush Securities, Hyundai, Tesla, EVgo, EVs, TrueCar.com, Uber, CNBC, Hertz, Waymo, Cruise, Khosrowshahi Locations: California, San Francisco, Pittsburgh, Hyundai Kona, London, U.S, North America, Atlanta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo auto industry CEOs on EV rentals, charging headwinds and EV demandGeneral Motors CEO Mary Barra and Hertz CEO Stephen Scherr join 'Power Lunch' to discuss GM's investment in a battery materials company and the future of the EV market.
Persons: Mary Barra, Stephen Scherr Organizations: EV, General, Hertz
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with General Motors CEO Mary Barra and Hertz CEO Stephen ScherrGeneral Motors CEO Mary Barra and Hertz CEO Stephen Scherr join 'Power Lunch' to discuss GM's investment in a battery materials company and the future of the EV market.
Persons: Mary Barra, Stephen Scherr Organizations: General Motors, Hertz
Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.
Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, , Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE
The three penny stocks, up in the range of 40% to 120%, were the most actively traded U.S. shares at 10:45 a.m. Amyris (AMRS.O) and WeWork (WE.N) were the second and third most traded stocks by retail investors, respectively, while Proterra (PTRA.O) was twelfth on the list at 10 a.m. Some of the latest speculative bets on the penny stocks were pinned on hopes of a merger and acquisition or a turnaround for the struggling businesses. Another set of retail traders are looking to capitalize on the volatility, especially by squeezing bearish investors on highly shorted stocks. Last week retail traders had piled into shares of Tupperware Brands (TUP.N) and trucking firm Yellow (YELL.O).
Persons: Kate Munsch, Amyris, Proterra, WeWork, Lucas Mantle, AJ Bell, Russ Mould, Matthew Tuttle, Medha Singh, Shounak Dasgupta Organizations: REUTERS, U.S, Biotech, Vanda Research, Hertz, Tuttle Capital Management, Tupperware Brands, Thomson Locations: San Francisco , California, U.S, Bengaluru
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Home and kitchen product maker Tupperware Brands Corp's stock rose more than 32%, after sky-rocketing by more than 575% over the past seven sessions despite no material changes to the company's health. The original meme stock rallies, most famously, involved retailer GameStop and movie theater chain AMC Entertainment. Market orders from retail traders made up 17.6% of total market flows on July 31, up from a near six-month low of 14.8% on July 20, according to J.P. Morgan data. Roundhill's Meme index (.MEME) had hit a more than one-year high on Monday.
Persons: Brendan McDermid, Tupperware, JJ Kinahan, Kinahan, Nikola Corp, Morgan, Dan Raju, Raju, Medha Singh, Devika Syamnath, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Tupperware Brands Corp, Apollo Global Management, Tupperware, Revlon, Hertz Corp, IG North America, GameStop, AMC Entertainment, Corp, Nikola, Tesla, Thomson Locations: New York City, U.S, Bengaluru, Chibuike, New York
Hertz CEO sees strong demand in the U.S. and abroad
  + stars: | 2023-07-27 | 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 EmailHertz CEO sees strong demand in the U.S. and abroadHertz CEO Stephen Scherr joins 'Squawk on the Street' to discuss Hertz's quarterly earnings results, what's giving Scherr a positive outlook for the year's second half, and more.
Persons: Hertz, Stephen Scherr Locations: U.S
The Samsung Galaxy Fold 5 and Galaxy Z Flip 5. Galaxy Z Flip 5The star of the show in Samsung's new folding phone portfolio is its new Galaxy Z Flip 5. The Samsung Galaxy Z Flip 5's standout feature is a much larger cover display. Galaxy Fold 5The Samsung Galaxy Fold 5. Galaxy Tab S9(From left) The Samsung Galaxy Z Flip 5, Galaxy Fold 5, Galaxy Watch 6, and Galaxy Tab S9.
Persons: Ryan Browne, phonemakers, Oppo, who've, Ben Wood, It's, Paolo Pescatore, Le Xuan Chiew, There's Organizations: Samsung, CNBC Samsung, Wednesday, CNBC, CNBC Foldables, Huawei, Motorola, Lenovo, IDC, CCS Insight, Google, Android, PP Foresight, Apple, Global, Galaxy, Windows Locations: Korean, foldables
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