DIRS.INFO The most relevant business & tech news

☆ EU October car sales up 14.6%, EV sales jump more than 36%
▼ + stars: | 2023-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Abdul Saboor/File Photo Acquire Licensing RightsLONDON, Nov 21 (Reuters) - New car sales in the European Union rose 14.6% in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted for nearly three of every 10 vehicles sold in the economic bloc. Sales of fully electric cars rose 36.3% from a year earlier and full hybrid sales were up nearly 39% as the EU recorded its 15th consecutive month of sales growth, the European Automobile Manufacturers Association (ACEA) said on Tuesday. The ACEA said fully electric cars made up 14.2% of sales in October, overtaking sales of diesel cars for the third time. For the ten months through October, sales of fully electric cars were up 53.1%. Reuters GraphicsTesla's (TSLA.O) sales rose nearly 150%, accounting for nearly 12% of fully electric car sales in the EU.

Persons: Abdul Saboor, Nick Carey, Matthew Lewis Organizations: Citroen, REUTERS, Union, EU, European Automobile Manufacturers Association, Reuters Graphics, Volkswagen, Europe's, Renault, European Free Trade Association, Thomson Locations: Meudon, Paris, France, EU, Britain, London

☆ ECB rates to stay unchanged for next few quarters -Villeroy
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - The European Central Bank's interest rates have reached a plateau where they will likely remain for the next few quarters, ECB policymaker Francois Villeroy de Galhau said on Monday, dismissing rate cut talk as premature. The ECB broke a streak of 10 consecutive hikes last month by holding rates steady, prompting investors to turn their attention to when rate cuts could come. The ECB aims to steer euro zone inflation towards its 2% target by 2025, though Villeroy insisted the number was an average and he was not fixated on hitting 2.0% precisely. Euro zone inflation has fallen quickly in recent months as the economy has slowed, though Villeroy said a recession could be avoided and a "soft landing" seemed more likely. ($1 = 0.9168 euros)Reporting by David Milliken, writing by Leigh Thomas, editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Francois Villeroy de Galhau, Sarah Meyssonnier, Villeroy, David Milliken, Leigh Thomas, Christina Fincher Organizations: France, Bank of France, REUTERS, ECB, Society of Professional, Thomson Locations: Paris, France, French, London, Gaza, Israel

☆ How Electricity Is Changing Around the World
▼ + stars: | 2023-11-20 | by ( Nadja Popovich | ) www.nytimes.com time to read: +9 min

Fossil Clean Fossil CleanWorld electricity generationHow Electricity Is Changing Around the WorldCarbon-free electricity has never been more plentiful. Where Fossil-Fueled Power Is Still Growing Today trend Over Last Decade Declining fossil power Mostly clean already Plateau or other trend Rising fossil power Circles are sized by the amount of total power generated by each country in 2021-22. trend Over Last Decade Mostly clean already Declining fossil power Plateau or other trend Rising fossil power Circles are sized by the amount of total power generated by each country in 2021-22. Note: Total generation data is shown through 2022 for the countries that have power generation data available through that year. (The country’s per person electricity generation is still much lower than America’s.) “But the upfront cost is a barrier.”Millions of people around the world also continue to go without access to any form of electricity.

Persons: It’s, ”, Dave Jones, —, Faran Rana, Nancy Haegel Organizations: Nuclear, Wind, Oil Gas Coal United States European Union United, United, Oil Gas Coal, Energy, International Renewable Energy Agency, United States, National Renewable Energy Laboratory, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine United Arab Emirates United Kingdom United Locations: China, India, United States, Europe, London, Oil Gas Coal United States European Union United Kingdom Australia, Australia, Oil Gas Coal China India Indonesia Malaysia, Asia, Indonesia, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine United Arab Emirates United Kingdom United States Vietnam

☆ Russia admits it was on the verge of economic collapse after getting hit with western sanctions last year
▼ + stars: | 2023-11-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russia made a rare admission regarding the effectiveness of Western sanctions. A Kremlin spokesperson said the nation was on the brink of collapse after unprecedented sanctions. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That economic pressure was largely brought on by sanctions following Russia's invasion of Ukraine, Peskov added. Russia's economic projections are also based on cherry-picked data, according to two Yale researchers, who have proposed that the nation's economy could be teetering on the edge of collapse as the war consumes all available resources.

Persons: —, Dmitry Peskov, Peskov, Putin Organizations: Kremlin, Service, Russia, SWIFT, International Monetary Fund, Yale Locations: Russia, Moscow, Russia's, Ukraine

☆ Azerbaijan’s 10 best castles and fortresses
▼ + stars: | 2023-11-20 | by ( Tom Marsden | ) edition.cnn.com time to read: +10 min

It grew up around a fortress built in the 1750s by Panah Ali Khan, founder of the Karabakh Khanate (1748-1822). Kamilla Rzayeva Tea culture: Azerbaijani tea culture originated in Lankaran and the hospitable locals will often welcome visitors with a refreshing glass. Kamilla Rzayeva Yanar Bulag: Yanar Bulag, meaning "burning spring" is a natural spring which percolates methane gas. Kamilla Rzayeva Hirkan National Park: Home to endangered Persian leopards, Hirkin National Park is a great place for hiking and cooling off. Kamilla Rzayeva Ironwood trees: Hirkan National Park's famous ironwood trees are believed to have survived the last Ice Age.

Persons: ”, Alexander the Great, Timur, Russia –, Elchin Aliyev, who’s, Akhsitan I, Ilisu, Ivan Paskevich, Imam Shamil, Potemkin, Sergei Einstein’s, Panah Ali Khan, Persian Shah, Agha Mohammad Khan Qajar, Joseph Stalin, Kamilla, Stalin, Yanar, Zindan Organizations: CNN, UNESCO, Sheki, of Sheki, Zaqatala Locations: Europe, Asia, Azerbaijan, Russia, USSR, jostle, Old City, Baku, Mardakan, Shabran, Persia, Chirag, Sheki, Caucasus, Ilisu, Ilisu Sultanate, Soviet, Zaqatala, Lesser Caucasus, Shusha, Karabakh, Persian, Alinja, Azerbaijan’s, Nakhchivan, Armenia, Iran, Turkey, Machu Picchu, Azerbaijani, Lankaran, Ironwood, ironwood, Talysh

Investors like dividend stocks for their yields, but the equities' returns have been pretty dismal so far this year. "That's what is putting pressure on these [dividend] stocks, or maybe just keeping them from lifting." IPDP YTD line Dividend Performers ETF (IPDP) performance year to date When it comes to specific stocks, Gilreath likes two under-the-radar plays: Brady Corporation and ABM Industries . Brady, which manufacturers identification and health-care products, has a 1.7% dividend yield. Diversification in light of recession risk When it comes to dividends, investors should look for quality rather than quantity.

Persons: That's, Bond, Andrew Graham, Dave Sheaff Gilreath, Gilreath, Morningstar . Brady, Capital's Graham, Graham, Dow, Laura Mattia, Morningstar, George Gagliardi, You'd, I'm Organizations: Investment, Jackson, Capital, Federal Reserve, Brady Corporation, ABM Industries, Dow Inc, Dow, LyondellBasell, Shell, Coromandel Wealth Management, U.S Locations: San Francisco, Indianapolis, Sarasota , Florida, Lexington , Massachusetts

Roth MKM downgraded the company to neutral from buy and cut its price target by $9 to $2. Janney, meanwhile, downgraded ChargePoint and assigned a price target of $5, which implies roughly 59% potential upside. Stifel, on the other hand, kept its buy rating and $10 price target based on its long-term view of the stock. Analyst Joseph Moore upgraded the semiconductor manufacturer to overweight from equal weight and upped his price target on the stock by $49 to $225. Kumar has an overweight rating on the stock and a price target of $620, implying upside of 25%.

Persons: Morgan Stanley, Piper Sandler, Roth MKM, Janney, Roth, Craig Irwin, — Pia Singh, Tyler Radke, Radke, Mark Mahaney, Mahaney, Airbnb, Joseph Moore, Moore, Harsh Kumar, Kumar, Fred Imbert Organizations: CNBC, EV, Citi, Communications, Microsoft, ISI, Nvidia Locations: Thursday's, North America, Europe, 2Q24 —, U.S

That has been a sticking point for the United States in months of discussions with Beijing on climate change. The United States and China have an outsize role to play there as nations debate whether to phase out fossil fuel. That is significant because the current Chinese climate goal addresses only carbon dioxide, leaving out methane, nitrous oxide and other gases that are acting as a blanket around the planet. Then, early this year, an American fighter jet shot down a Chinese spy balloon that had floated over the continental United States. When it comes to climate change, no relationship is as important as the one between the United States and China.

Persons: Biden, Xi Jinping, ”, David Sandalow, Clinton, Obama, Sandalow, they’re, Mr, John Kerry, Xie Zhenhua, “, Xi, Manish Bapna, ” Mr, Bapna, Kerry, Xie, Valerie Volcovici, Nancy Pelosi, Kerry’s, optimistically, . Biden, Donald Trump, Keith Bradsher Organizations: Hamas, Columbia University’s Center, Global Energy, International Energy Agency, U.S ., Cooperation, Natural Resources Defense Council, Beijing, Republican Locations: Bohai, Weifang, China, United States, Taiwan, Ukraine, Israel, Beijing, Dubai, United Nations, United Kingdom, U.S, California, ”, Europe, American, America

☆ U.S.-China relations are now more about crisis prevention
▼ + stars: | 2023-11-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

It will be a rare summit before the U.S. presidential election cycle kicks off in earnest. "The immediate aftermath of the [Biden-Xi] meeting is likely to mark a cyclical high point for bilateral relations," he said. Taiwan is set to hold its presidential election in January, and a more pro-independence winner could stir more of Beijing's ire. Beijing considers Taiwan part of its territory, with no right to independently conduct diplomatic relations. The U.S. recognizes Beijing as the sole government of China but maintains unofficial relations with Taiwan, a democratically self-governed island.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Michael Hirson, Trump, Xi, Gabriel Wildau, Antony Blinken, Chuck Schumer, Shen Yamei, Shen, Gina Raimondo, Lifeng, Janet Yellen, Teneo, Nancy Pelosi, Teneo's Wildau Organizations: Reuters, U.S, China Research, Research, D.C, Strategic, International, Biden, Republican, Democratic, American Studies, China Institute of International Studies, CNBC, U.S . Commerce, Treasury, U.S . House, Representatives, Economic Cooperation, China's Ministry of Commerce Locations: Bali , Indonesia, Reuters BEIJING, U.S, China, Taiwan, South China, Washington, Beijing, San Francisco, Gaza, Ukraine, Asia

But the major railroads hauled slightly fewer containers than a year ago and 11% fewer containers than four years earlier. The strong growth in manufacturing activity between the middle of 2020 and middle of 2022 was a rebound following the disruption caused by the first wave of the coronavirus pandemic and associated lockdowns. Since then spending has rotated back towards services and there has been little if any expansion in the manufacturing sector. Chartbook: U.S. manufacturing activityLack of growth is evident in industrial energy consumption. Three-quarters of all distillate fuel oils such as diesel are consumed in freight and manufacturing, according to data from the Energy Information Administration.

Persons: Andrew Kelly, Jobs, John Kemp, Jonathan Oatis Organizations: REUTERS, Federal Reserve, Bureau of Labor Statistics, Energy Information Administration, Thomson, Reuters Locations: IceStone, New York City , New York, U.S, Europe, China, doldrums

☆ Meta's Instagram and Facebook are growing faster than TikTok
▼ + stars: | 2023-11-13 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

During the third quarter, the Facebook app's daily active users grew by 1.5% and monthly active users grew by 1.8%, according to data from Apptopia. Instagram's daily users grew by 1.5% and monthly users grew by 1.6%. In its quarterly report , Meta said Facebook's total number of daily users, including web users, grew by 5%, while monthly users grew by 3%. There is one metric where TikTok still has Facebook and Instagram beat: how long the average user spends on the app. Instagram's average user spends 58 minutes a day on the app, while the average Facebook user spends about 45 minutes.

Persons: TikTok, Mark Zuckerberg, China's Bytedance, Evercore, Meta, Instagram, Adam Mosseri, Zuckerberg, Kali Hays Organizations: Meta, Facebook, Evercore, Twitter Locations: Apptopia, Instagram, SensorTower, TikTok, khays@insider.com, @hayskali

☆ 'Pretty confident' the Fed can plateau rates at current level, Goldman strategist says
▼ + stars: | 2023-11-13 | 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 Email'Pretty confident' the Fed can plateau rates at current level, Goldman strategist saysKamakshya Trivedi, head of global foreign exchange, interest rates and emerging markets strategy research at Goldman Sachs, discusses the outlook for the U.S. economy and interest rates.

Persons: Goldman, Kamakshya Trivedi, Goldman Sachs Locations: U.S

While more than half of banks reported tightening business lending standards in the second quarter, just 35% said they cranked down further in the third quarter, with about 62% keeping standards the same. Demand for commercial and industrial loans weakened most among small firms, with more than half of banks saying credit demand had fallen among firms with annual sales of less than $50 million. About 39% of bank loan officers said loan demand had fallen among larger firms in the third quarter, compared to nearly 60% in the second quarter. For households, 86% of loan officers said they had kept standards for home mortgages about the same in the third quarter, though 12% said standards had gotten tighter. Just over 5% of banks said they had tightened standards in the second quarter.

Persons: Banks, Daniel Silver, Morgan, Howard Schneider, Paul Simao Organizations: Federal Reserve, Reuters, Fed, Thomson Locations: U.S

A general view of the Bank of England in the City of London, Britain, September 25, 2023. In making that call the BoE report focuses mostly on consumption, which it estimates makes up about 60% of GDP. As a result, the BoE expects the fallout from rate moves to date to "grow over time" even if one-off quarterly hits have peaked. And whatever the slow-burning hit to growth and consumption, inflation surprises could well change the increasingly comfortable markets picture. BOE chart on GDP outlookBOE chart on consumption hit from rate risesReuters Graphics Reuters GraphicsThe opinions expressed here are those of the author, a columnist for Reutersby Mike Dolan X: @reutersMikeD; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Hollie Adams, Huw Pill, what's, BoE, Modupe Adegbembo, Andy Burgess, BOE, Mike Dolan, David Evans Organizations: Bank of England, City of, REUTERS, Bank, Reuters, AXA Investment Managers, Thomson Locations: City, City of London, Britain, British

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. Central banks in Sweden, Switzerland, Norway, Great Britain and the United States held no rate setting meetings. That compares to September, where three major developed central banks delivered a last-gasp set of rate hikes, which took 2023 the year-to-date tally for G10 central banks to a total of 1,150 bps across 36 hikes. Emerging markets interest rate moves in Oct 2023Meanwhile, diverging rate trajectories continued to be on display in emerging economies where 12 out of the 18 central banks in the Reuters sample held meetings in October. Central banks in Brazil, Mexico, South Africa, Thailand, Malaysia and Czech Republic did not meet in October.

Persons: Heiko Becker, Fabiana Fedeli, Barnaby Martin, Karin Strohecker, Sumanta Sen, Jonathan Oatis Organizations: European Central Bank, REUTERS, Bank of Japan, Reserve Bank of Australia, Reserve Bank of New, Bank of Canada, Fed, Bank of England, G Investments, U.S . Federal, Reuters, BofA Securities, Thomson Locations: Frankfurt, Germany, Central, America, Europe, Asia, Reserve Bank of New Zealand, Sweden, Switzerland, Norway, Great Britain, United States, Chile, Hungary, Poland, Indonesia, Philippines, Russia, Turkey, Brazil, Mexico, South Africa, Thailand, Malaysia, Czech Republic

☆ Mysterious mouse mummies found in Mars-like conditions on Andean mountain peaks
▼ + stars: | 2023-10-31 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

So how did a species of leaf-eared mouse make this barren land their home? The mice, called Phyllotis vaccarum, are commonly found living in the Andes mountains at lower elevations, all the way down to sea level. In 2020, a living mouse was recorded at the summit of Llullaillaco, a volcano with an elevation of 6,739 meters (about 22,110 feet) on the border of Chile. The discovery of the living mouse spurred Storz to conduct expeditions at 21 different volcanoes. Freeze-dried mouse mummiesWhile the conditions are not ideal for living creatures, they create perfect conditions for preservation, as the mice are essentially freeze dried, Storz said.

Persons: Jay Storz, Jay Storz “, we’ve, ”, Storz, “, “ It’s, it’s, ” Storz, Emmanuel Fabián Ruperto, Ruperto Organizations: CNN, University of Nebraska, Geographic, NASA, Argentine Institute for Dryland Research Locations: Argentina, Chile, Bolivia, United States, Atacama, Llullaillaco, Lincoln, Mendoza

☆ Egypt’s pyramids host breathtaking new art exhibit
▼ + stars: | 2023-10-30 | by ( Francesca Perry | ) edition.cnn.com time to read: +7 min

In one project, a new pyramid structure emerges in wicker; in another, glass sculptures appear to make the ancient pyramids float on water. Organized by Nadine Abdel Ghaffar, the founder and curator of Cairo-based arts firm Art D’Égypte, the event aims to celebrate ancient Egyptian culture through contemporary creativity. “I’ve always been fascinated by the Pyramids of Giza and the entire ancient Egyptian culture — the mysticism around it, the enigmas,” Zeta said. Courtesy CulturVator - Art D'E“Translucent Pyramid” by Saudi artist Rashed Al-Shashai, adds a new, 6m-tall pyramid to the plateau. Conceived as seemingly archaeological fragments of a labyrinth, each one is decorated with perforated motifs taken from historic diagrams of the ancient Egyptian labyrinth.

Persons: Nadine Abdel Ghaffar, D’Égypte, Artur Lescher, ”, Pilar Zeta, I’ve, ” Zeta, Carole A, Sabine Marcelis, ” Marcelis, Stephan Breuer French, Glass, Costas Varotsos, Rashed Al, Sam Shendi, Azza Al Qubaisi, D'E Rashid Al Khalifa, JR, – Organizations: CNN, UNESCO, Bahraini, JR Locations: Giza, Egypt, Cairo, Brazil, Mexico, Argentinian, French, Saudi

New drilling technologies during the so-called Bakken Boom turned North Dakota into the nation's second-largest crude oil-producing state from 2012 to 2020. "This sale is a big deal in North Dakota," said Ron Ness, head of the North Dakota Petroleum Council, an industry trade group. "There's a sentimentality to this sale," said Kathy Neset, who runs a prominent North Dakota oil industry consulting firm and counts Hess as one of her largest clients. Chevron could take Bakken production higher than the output targeted by Hess in the future, said Matthew Bernstein, a senior analyst at Rystad Energy. Bakken oil production could drop to 1.15 million bpd from 2026 and be flat through 2030, before entering gradual decline as inventory exhaustion sets in, said Nathan Nemeth, a principal analyst at Wood Mackenzie.

Persons: Dado Ruvic, Hess, Boom, Mike Wirth, Wirth, Ron Ness, Kathy Neset, Matthew Bernstein, Bernstein, Jessie Jones, Jones, Nathan Nemeth, Wood Mackenzie, Stephanie Kelly, Ernest Scheyder, Marguerita Choy, Simon Webb Organizations: Chevron, Hess, REUTERS, Gulf Coast, Reuters Graphics Chevron, North Dakota Petroleum Council, Rystad Energy, Reuters Graphics Reuters, Energy, Thomson Locations: North Dakota, New Mexico, Gulf, Gulf Coast ., Midland, Texas

HIGH INFLATION FALLS SLOWLYConsumer price inflation hit 11.1% in October 2022, which was higher than in comparable economies, and it has fallen more slowly too. But service price inflation, which the BoE watches closely, rose. Economists expect a big fall in headline inflation in October as last year's energy price surge fades from the comparison. However, the BoE issued a forecast in August saying inflation would return to 2% only in the second quarter of 2025. Financial markets do not see a more than 50% chance of the BoE cutting Bank Rate until August 2024.

Persons: BoE, Andrew Bailey, Reuters Graphics Reuters Graphics BOE, Huw Pill, William Schomberg, Sumanta Sen, Hugh Lawson Organizations: Bank of England, Reuters Graphics, HIT, Reuters Graphics Reuters Graphics, Financial, European Central Bank, Graphics, Thomson Locations: Britain, U.S

☆ New Zealand has had dozens of 'slow' earthquakes that can last weeks. A hidden underwater sea may be the cause.
▼ + stars: | 2023-10-27 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Researchers have simulated slow earthquakes in laboratories. It now lies about 2 miles below sea level and is being pushed into the Hikurangi subduction zone. AdvertisementAdvertisementSlow-slip earthquakesPart of the Hikurangi subduction zone runs along the eastern coast of New Zealand's North Island. "It's kind of like a conveyor belt that's pushing this rock underneath New Zealand," Gase said. AdvertisementAdvertisementThe red rectangle shows where on the Hikurangi Plateau the reservoir is located, and the red line shows the Hikurangi subduction zone.

Persons: Andrew Gase, Gase, Demian Saffer Organizations: Service, New Zealand Herald, GPS Locations: New Zealand, Zealand, New, It's, Japan

☆ EV buyers are more fickle than ever and it's a warning sign for the industry, car dealers say
▼ + stars: | 2023-10-25 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Electric car shoppers are increasingly fickle, dealers told Insider. AdvertisementAdvertisementCar dealers have a warning for their manufacturers: the days of early-adopter electric vehicle sales are all but over. For years, early EV adopters were generally an easy sale, three car dealers told Insider. Now, electric car shoppers are more fickle. Dealers like Sheehy say that pace is likely to slow as more sure-fire EV sales are harder to find.

Persons: —, That's, Vince Sheehy, Sheehy, they're, Kelley, Cameron Johnson, Johnson, Alexa St, John Organizations: Service, EV, Dealers, Magic City Auto Group, Ford Locations: Washington, D.C, Virginia

☆ Energy Agency Sees Peaks in Global Oil, Coal and Gas Demand By 2030
▼ + stars: | 2023-10-24 | by ( Brad Plumer | More About Brad Plumer | ) www.nytimes.com time to read: +1 min

If that all came to pass, oil and gas demand would most likely plateau at slightly above today’s levels for the next three decades, expanding in developing countries and shrinking in advanced economies. “The transition to clean energy is happening worldwide and it’s unstoppable,” said Fatih Birol, executive director of the International Energy Agency. After Mr. Birol first suggested the possibility in September, the oil cartel OPEC warned that such forecasts were highly uncertain and could lead countries and companies to underinvest in oil and gas drilling. If demand for fossil fuels did not fall as expected, the cartel said, the lack of supply could lead to “energy chaos.”OPEC issued its own outlook last year projecting that global demand for oil and natural gas would keep rising until 2045. “I have a gentle suggestion to oil executives, they only talk among themselves,” Mr. Birol said in an interview.

Persons: ”, Fatih Birol, “ It’s, ’ it’s, ’ —, Birol, “, ” Mr, — Organizations: International Energy Agency, OPEC

☆ Clean Energy’s Powerful Momentum
▼ + stars: | 2023-10-24 | by ( Manuela Andreoni | More About Manuela Andreoni | ) www.nytimes.com time to read: +1 min

For the past few months, we’ve been telling you all about the U.S. energy transition that’s arriving faster than you think. But the move toward solar is global: the study’s authors expect solar to be the cheapest source of electricity in almost all countries by 2027. “The transition to clean energy is happening worldwide and it’s unstoppable,” Fatih Birol, executive director of the International Energy Agency, told Brad. Between 2010 and 2020, the study found, the cost of solar cells fell by 15 percent each year. “The pace of decline in price initially surprised many people,” my colleague Ivan Penn, who covers the energy sector, told me.

Persons: we’ve, Fatih Birol, Brad, Ivan Penn Organizations: International Energy Agency

Caitlin Clark of Iowa is a unanimous pick for The Associated Press preseason women's basketball All-America team for the second consecutive season. Last season's AP player of the year averaged 27.8 points, 8.6 assists and 7.1 rebounds. I feel more confident in my body than I ever have,” said Bueckers, who was the AP player of the year as a freshman in 2021. Clark, Reese and Holmes were on the first team while Kitley and Brink were on the second team. The AP started choosing a preseason All-America team before the 1994-95 season.

Persons: Caitlin Clark of, Angel Reese, Reese, Elizabeth Kitley, Cameron Brink, Stanford, Paige Bueckers, Mackenzie Holmes, Kitley, Holmes, Clark, Kelsey Plum's, “ Caitlin, Lisa Bluder, She's, “, Kim Mulkey, ” Bueckers, ”, Bueckers, ” Holmes, Teri Moren, Kenny Brooks, ” Brink, Cardinal, Haley Jones, Tara VanDerveer, Brink Organizations: Associated Press, America, Hawkeyes, NCAA, LSU, Virginia Tech, UConn, Tigers, SEC, ” LSU, Big, AP, __, womens Locations: Caitlin Clark of Iowa, Indiana, Iowa, ” Indiana

☆ 'Buckle up': A notorious market bear who called the 2000 and 2008 crashes warns stocks remain near their highest valuation levels in history — and that the market is ripe for steep and abrupt losses
▼ + stars: | 2023-10-21 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

High valuations, despite their little influence on short-term returns, often mean devastating outcomes for investors over a longer period. There's also what he calls "poor market internals," which he tracks through a proprietary measure that monitors the breadth of individual stock performance. Hussman FundsThe combination of poor internals and high valuations are why Hussman says losses could come out of nowhere, and quickly. "Historically, the combination of extreme valuations and unfavorable market action has created a 'trap door' situation for the market," Hussman said. Rather, the steepest market losses have generally emerged from that combination of market conditions, and these losses tend to emerge abruptly, without additional warning."

Persons: John Hussman, Hussman, Irving Fisher catastrophically, Here's, There's, they've, Buckle, Hussman bullish Organizations: Hussman Investment Trust

Search resuls for: "Plateau"

25 mentions found