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Used electric vehicles became more affordable after a new tax credit kicked in in January 2023. And as more models flood the market, you can get a particularly good deal on a used EV. Battery range will degrade over timeAnyone who's owned a smartphone knows that lithium-ion batteries wear out over time. The good news is that an EV's battery is unlikely to fail completely or render the car useless. Automotive retail analysts described it as a welcome change for EV shoppers on a budget.
Persons: , Scott Case, EVs, Graham, Geotab, Nora Naughton, Jim Fish, Fish Organizations: Service, Graham Rapier, Environmental Protection Agency, EV, Opus, Automotive, EVs Locations: Florida
The FTC unveiled its final “click-to-cancel” rule, which requires businesses provide a way for consumers to cancel their subscriptions that is just as easy as it is to sign up. That includes everything from gym memberships to digital streaming and e-commerce to cable TV service. “Too often, businesses make people jump through endless hoops just to cancel a subscription,” said Commission Chair Lina Khan in statement by the FTC. Other times they might’ve been able to sign up online, but in order to cancel they had to call and talk to a representative. Other kinds of memberships required them to actually show up in person to cancel their subscription,” Brett said.
Persons: , Lina Khan, Laura Brett, Brett, you’ve, ” Brett, Natnan, ABCmouse, Brian Fung, Nathaniel Meyersohn Organizations: CNN, Federal Trade Commission, FTC, Federal, National Advertising Division, BBB
Solid-state batteries have long been billed as the "holy grail" of sustainable driving. As the name suggests, solid-state batteries contain a solid electrolyte, made from materials such as ceramics. Automakers have invested billions of dollars in solid-state battery research and teamed up with developers to produce their own versions for mass production. Tomohiro Ohsumi | Getty Images News | Getty ImagesJapan's Toyota, for instance, has said it is aiming to bring solid-state batteries into mass production between 2027 and 2028. Yet, despite growing hype over the potential rollout of solid-state batteries, analysts remain skeptical about when they will actually make it to market.
Persons: Tomohiro Ohsumi, Japan's Nissan, Germany's Mercedes, Max Reid, Wood Mackenzie, Reid, Wood Mackenzie's Reid, Julia Poliscanova, Poliscanova, Nio, Ganfeng, Environment's Poliscanova Organizations: Afp, Getty, Toyota Motor Corp, Benz Group, Stellantis, Hyundai, Kia, Environmental Defense Fund, CNBC, Transport, Environment, Paris, Show, Qingtao Energy Locations: Nanjing, China's, Jiangsu, PARIS, France, Tokyo, Japan, U.S, China
The Federal Trade Commission finalized a rule designed to make canceling subscriptions easier. The rule targets "negative option" programs, such as auto-renewing subscriptions. AdvertisementThe government has had it with companies making it difficult for consumers to cancel their subscriptions. The Federal Trade Commission on Wednesday announced a final "click to cancel" rule requiring companies to make canceling subscriptions just as easy as signing up for them. Related storiesThe agency said its rule aimed to address common problems with these types of subscriptions, such as companies obscuring the terms of their subscriptions, customers getting billed when they didn't agree to pay, and companies making it difficult or impossible to cancel subscriptions.
Persons: , Lina Khan Organizations: Federal Trade Commission, FTC, Service, Wednesday, Federal
Amazon also announced a Kindle Scribe redesign, plus new generation models of the Kindle Paperwhite and base Kindle. Amazon Kindle Colorsoft Signature Edition The Kindle Colorsoft is Amazon's first color e-reader. Check price at AmazonAmazon Kindle Paperwhite (2024) Amazon's latest Kindle Paperwhite offers even faster performance than its predecessors in the same thin, waterproof form readers love. AdvertisementKindle Paperwhite (12th Generation)The new Kindle Paperwhite offers higher contrast than ever. AmazonAmazon’s fastest and most popular Kindle is about to get even faster with the 2024 Kindle Paperwhite.
Persons: It's, Scribe, It’s Organizations: Business, Kindle, Amazon hasn’t, Scribe Locations: Kindles
ISIS-K, the Afghan branch of the Islamic State, directed an Afghan man’s foiled U.S. Election Day terror plot, according to two senior U.S. officials briefed on the matter. The revelation that a foreign terrorist organization was in communication with a would-be attacker inside the U.S. makes the alleged Election Day plot different from most terrorism cases in the past decade, most of which involved people self-radicalized online or self-directed attempts. The charging documents say Tawhedi told the FBI that he was communicating with a person named “Malik” and that he knew “Malik” was affiliated with ISIS. Tawhedi’s mother, who lives in Afghanistan, is believed to be an ISIS sympathizer, two U.S. officials said. In the France case, law enforcement officials told NBC News they had opened a preliminary investigation into a potential terror plot in France on Sept. 27.
Persons: Nasir Ahmad Tawhedi, Tawhedi’s, Tawhedi, “ Malik ”, United States Department of Justice Tawhedi, Organizations: Islamic, U.S, FBI, AK, Russia, AP ISIS, ISIS, United States Department of Justice, CIA, NBC News, Terrorism Locations: Islamic State, Afghan, Oklahoma, Russian, Crocus, Moscow, U.S, Afghanistan, Paris, France, Toulouse, Fronton, Haute, Garonne, Iran, Europe
Five bays equipped with self-serve kiosks provide entry and exit to the building's automated parking garage. Automated parking is a growing trend in high-end real estate where buildings from New York to Miami now come equipped with kiosks, car lifts and car-parking robots. One of five car lifts inside the automated parking system. The AGVs are essentially free roaming, self-charging, robo-parkers that use vision systems, lifts and lasers to precisely park and retrieve cars. An AGV prepares to park a Ferrari inside the Brickell House's automated parking system.
Persons: Ginger Monteleone, Monteleone, ParkPlus, Peter Manis, Manis, Billionaire Palmer Luckey, Luckey, Palmer Organizations: Brickell House, CNBC, Grand View Research, ParkPlus, Brickell, Ferrari, VR, Anduril Industries, Anduril Industries CNBC Locations: Miami, New York, Manhattan, North America, Brickell, ParkPlus Florida, Newport Beach , California
Sophia Tung rode in a Waymo for 6.5 hours around San Francisco. For the inconvenience, Tung said Waymo gave her a few promo codes that could be redeemed for a free ride. Journey prepSophia Tung set up several cameras inside the Waymo to capture her 6.5 -hour journey in San Francisco. AdvertisementTung said she could've gone for a longer ride. As a San Francisco resident, Tung said Waymo isn't her main mode of transportation.
Persons: Sophia Tung, would've, , Waymo, Tung, Sandy Karp, Karp, could've, Sophia Tung's Organizations: Service, BI, PACE Locations: San Francisco, San
Bank of America -- Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts' estimates. Goldman Sachs — Shares of the investment bank jumped more than 2% on better-than-expected quarterly earnings. Goldman Sachs posted earnings per share of $8.40 on $12.70 billion in revenue. Citigroup — Shares of the Jane Fraser-led bank added 1.7% after third-quarter earnings and revenue were better than consensus estimates. Charles Schwab — The brokerage company surged more than 7% after third quarter results beat analysts' estimates.
Persons: Johnson, J, Goldman Sachs, LSEG, UnitedHealth, Walgreens, Jane Fraser, Coty –, Coty, Charles Schwab, , Yun Li, Michelle Fox, Samantha Subin, Sarah Min, Pia Singh Organizations: Bank of America, Wall, LSEG, Revenue, Johnson, Walgreens, Alliance, Citigroup —, Citigroup, PNC Financial, PNC, Coty, Energy, RBC Capital Markets, EV Locations: Pittsburgh, LSEG .
Las Vegas Raiders owner Mark Davis walks off the field with former NFL quarterback Tom Brady before the preseason game between the Dallas Cowboys and the Las Vegas Raiders at AT&T Stadium in Arlington, Texas, on Aug. 26, 2023. National Football League owners are expected to approve Tom Brady as minority owner of the Las Vegas Raiders on Tuesday, a person familiar with the matter told CNBC. After he first retired from the NFL, Brady signed a 10-year, $375 million broadcasting deal with Fox Sports in 2022. The five-time Super Bowl MVP is not new to the Las Vegas sports scene. He is also a minority owner of the Women's National Basketball Association's Las Vegas Aces, which, like the Raiders, is owned by Mark Davis.
Persons: Mark Davis, Tom Brady, Tom Wagner, Brady, Wagner Organizations: Las Vegas Raiders, NFL, Dallas Cowboys, T, National Football League, CNBC, Raiders, Knighthead, Allegiant, Fox Sports, Las, Las Vegas Aces Locations: Arlington , Texas, Atlanta, Oakland, Las Vegas
The Oura Ring 4. On the whole, the Oura Ring 4 is comfortable to wear and its app is easy to navigate. Ashley CapootI had never worn an Oura Ring before, so the entire experience was new to me. Silver jewelry has always been my preferred style, so I picked the silver Oura Ring 4 to match my accessories. The My Health tab gives users access to longer-term insights such as heart health, sleep health and resilience, a metric that measures your ability to recover from stress over time.
Persons: Ashley Capoot, Oura, I've, it's Organizations: Apple
Munich-based startup OroraTech has secured a $27 million Series B funding round. The startup uses AI and thermal data to predict and monitor wildfire risks globally. The startup provides thermal data and insights to customers for a range of use cases — predominantly to predict and monitor the risk of wildfires. AdvertisementOroraTech has gained interest from various stakeholders, including governments and insurance companies. The startup makes its money by charging a monthly subscription to companies that can use its API to stream OroraTech data into their own systems.
Persons: OroraTech, Martin Langer, Langer Organizations: Service, Bayern Kapital, Ananda Impact Ventures, ConActivity, Findus Venture Locations: Munich, Greece
All kinds of startups are rushing into the AI inference market. AdvertisementJared Quincy Davis and his AI computing startup Foundry sell inference. And cost in inference computing is even more important than in training, Groq cofounder Jonathan Ross recently told BI. In other words, "it turns out, when you make inference cheaper, people decide to do a lot more inference," Davis said. He agrees the next few years will be wildly competitive for inference providers, but he believes the winners will be decided on merit.
Persons: , Jared Quincy Davis, Davis, Jonathan Ross, Mitesh Agrawal, Agrawal, it's, Jensen Huang, Davis isn't, Intel Andy Grove, Sriram Viswanathan, Viswanathan, Hugh Langley Organizations: Service, Foundry, SambaNova Systems, Lambda, Nvidia, Microsoft, Business, o1, Intel, Celesta Capital
Starbucks is reversing a push into frequent promos on drinks and snacks, The Wall Street Journal said. It's part of CEO Brian Niccol's effort to reestablish the brand's upscale, premium vibe, it added. Narasimhan said on an earnings call earlier this year that 60% of the company's sales were from the nearly 34 million Starbucks Rewards members. Multiple baristas previously told BI that the size and frequency of rewards deals were getting out of hand. In curbing its discounts, Starbucks is bucking a wider retail trend that has seen companies such as McDonald's, PepsiCo, and Walmart cut prices.
Persons: Brian Niccol's, , Laxman Narasimhan, Narasimhan, Sara Senatore Organizations: Starbucks, Street Journal, Service, Business, PepsiCo, Walmart, Global Research
Can a tenured professor be fired for making porn? "We don't want to be known as Porn U," said Betsy Morgan, who replaced Gow as interim chancellor. Leitner presented Gow's videos as part of his broader advocacy of nonmonogamy. The regents, Gow said, "are willing to fire me for the short-term goodwill they get with the far right." He puts Gow's online porn in the same category as "posting inflammatory personal, political opinions on social media."
Persons: Joe Gow, Carmen Wilson, , Gow, Wilson, It's, Zach Greenberg, Betsy Morgan, Morgan, Tom Ginsburg, He's, Gow's, Wade Harrison, Roe, Donald Downs, Simone Lueck, undergrads, Harrison, Jay Hart —, Tom, Jerry Bui, Bui, unswayed, Mark Leitner, Leitner, Banner, Keith Whittington Harrison, Dr, Aweek, he's, Keith Whittington, they've, McCarthy Organizations: University of Wisconsin, UW, La, Foundation, Rights, Forum, Free, University of Chicago, Diego, Republican, Academia, Yale, Freedom Alliance, University Locations: La Crosse, Mississippi, America, Wisconsin, Onalaska, San Diego, foreplay, Madison, Milwaukee, Yale
Here’s the latest:• Gas stations still waiting for fuel: Just under 30% of the state’s gas stations have no fuel as of early Sunday, according to the monitoring website GasBuddy.com. In the hard-hit Tampa-St. Petersburg area, more than three quarters of stations, 77%, are out of gas. Some people told CNN they’ve had to use word of mouth to find out which stations have gas. Paula Cast told CNN her family visited four or five different gas stations Friday, but everything was closed. Then on Saturday, they got a call from one of their friends saying a Wawa station had gas.
Persons: Joe Biden, Ft ., Kevin Guthrie, Ron DeSantis, Crews, , Mike Jefferis, , Biden, Hurricane Milton ”, Milton, Hillsborough County Sheriff Chad Chronister, ” Chronister, they’d, Chronister, CNN they’ve, Paula Cast, we’ve, CNN’s Sam Fossum Organizations: CNN, White House, • Gas, state’s Division, Emergency Management, Patrol, , FEMA, Hurricane, Hillsborough County Sheriff, National Weather Service, Hillsborough Locations: Milton, Florida, St, Petersburg, Tampa, Sarasota, Ft, Ft . Myers, Naples, Orlando, state’s, Plant City, Bradenton, Charlotte, Pinellas, Hillsborough, • St, Hillsborough County, Tampa Bay, Hillsborough , Sarasota, Manatee, Lithia , Florida, Valrico, Oldsmar, Pinellas County ., Wawa, Valrico , Florida
CNN —Former President Donald Trump suggested using the military to handle what he called “the enemy from within” on Election Day, saying that he isn’t worried about chaos from his supporters or foreign actors, but instead from “radical left lunatics.”“I think the bigger problem are the people from within. “No, I don’t think — not from the side that votes for Trump,” the former president said when Bartiromo asked whether he was expecting chaos on Election Day. Trump has also been laying groundwork to question the integrity of the 2024 election. He’s threatened, if he wins the White House again, prosecution and “long-term prison sentences” for election officials and political operatives, who he suggested could cheat. And he has routinely suggested he would weaponize the justice system to go after his political opponents if voters return him to the White House.
Persons: Donald Trump, , ” Trump, Maria Bartiromo, , Bartiromo, Trump, Kamala Harris ’, ” “ Trump, ” Ian Sams, sycophants, He’s, CNN’s Jack Forrest, Sam Fossum, Marshall Cohen, Daniel Dale, Kate Sullivan Organizations: CNN, Fox News, National Guard, Capitol, Trump, Justice Department, Afghan Locations: , Washington ,, Georgia
Longtime friends and neighbors fell out of touch and in some cases died, leaving the couple more isolated and vulnerable. Not long before he met the Davises, Maw pitched a local businessman on investing in his engine business. In the Davises, he had met a couple who had sizable bank accounts and an impressive car collection. The buyer also said he paid more for LaDonna’s property than for two larger buildings on the same street.) The Davises' property on Holt Avenue in West Covina.
Persons: James, LaDonna, , Michael McCasland, Min Zaw Maw, Maw, , Javier Puga, ” Puga, Ladonna’s, Frank Piro, Piro, Amis, didn’t, McCasland, Davis, Min Maw, “ Maw ingratiated, ” McCasland, Rich Schapiro, Diana Homeier, ” Homeier, ” Maw, Maw “, LaDonna Davis, Moe, Gilbert Amis, ” Amis, Brett Hitchman, ” Piro, ” LaDonna, Min, Juan Dotson, Dotson, Michael Ebiner, ” Ebiner, ’ ”, Gus May, Hitchman, ” Hitchman, LaDonna “, Ebiner, breathlessly, Stacey Wood, Wood, Organizations: Powertek Engineering Group, Pacific Western Bank, Citizens Business Bank, NBC News, McCasland, Holt, St, NBC, Nascar, Google, Protective Services, Center, Adult Protective Services, , Public Guardian, West, West Covina police, Bank of America, Scripps College Locations: Holt, Myanmar, Arcadia, LaDonna, West Covina, Vincent, St, Upland, Calif, Angeles County, McCasland, Los Angeles
Insider Today: Hallways are disappearing
  + stars: | 2024-10-12 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +7 min
This post originally appeared in the Insider Today newsletter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. More of this week's top reads:AdvertisementThe Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.
Persons: , Chelsea Jia Feng, Imani Bashir, it's, Bashir isn't, They've, Rebecca Zisser, Issa Issa Rae, Issa Rae, There's, Rae, Issa Rae's, Cate Blanchett, Kevin Kline, Menendez, Ryan Murphy, Jose, Kitty Menendez, Lyle, Erik, Abbott, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, BI, DC, Getty, HBO, Apple, Netflix, ABC Locations: Mexico, Washington, Hulu, New York City, New York, Chicago
Tesla fan and attendee Matthew Donegan-Ryan rode in the new Cybercab. Tesla fan and investor Matthew Donegan-Ryan attended the glitzy launch on a film lot at the Warner Bros. @_SFTahoe pic.twitter.com/0Xoubi9hY4 — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024The Cybercab, Tesla's first robotaxi, was revealed alongside a 20-person Robovan. pic.twitter.com/iUD0aKThZa — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024Donegan-Ryan was also surprised by how few cameras the Cybercab had. The Cybercab bears a stylistic resemblance to another Tesla vehicle, the Cybertruck, and Donegan-Ryan said that similarity was particularly apparent in person.
Persons: Elon Musk, Tesla, Matthew Donegan, Ryan, , robotaxi, 0Xoubi9hY4 — Matthew Donegan, Tesla's, Uber, Cybercab, Donegan, iUD0aKThZa — Matthew Donegan, Franz von Holzhausen, Lars Moravy —, wouldn't, Musk, they're, Dan Ives Organizations: Service, Warner Bros ., Warner Bros, BI, Tesla Staff Locations: Burbank , California
Harvey Weinstein’s attorneys have submitted a filing opposing a move by prosecutors to combine two sexual crimes cases against the disgraced film mogul. Manhattan prosecutors have sought to consolidate new charges with ones previously brought against Weinstein so that they could be tried in court together. But in a court document, a response to the prosecutors' motion to consolidate cases filed Oct. 2, the Oscar-winning producer’s lawyers accused the district attorney’s office of acting improperly and unfairly. Bragg’s office signaled that it would seek to link the two cases together ahead of Weinstein’s retrial. Samson says prosecutors say they won’t be ready in time and want to move the trial to January.
Persons: Harvey, Weinstein, Oscar, , unabashedly —, Jessica Mann, Mimi Haley, Attorney Alvin Bragg, Diana Fabi Samson, Samson, , ” Samson Organizations: Manhattan, Manhattan District, Attorney Locations: Manhattan, New York, New, New York City, Rikers
After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required. Musk has spent years touting Tesla’s work in autonomous cars and promising that they would hit the market. In 2015, Musk told shareholders that Tesla cars would achieve “full autonomy” within three years.
Persons: Elon Musk, Musk, Tesla, “ It’s, ” Musk, , Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California, U.S
The unprecedented destruction Hurricane Helene has wreaked on western North Carolina could take months, if not years, to rebuild. “We are always playing like we’re one point down,” a Trump campaign official said. A Trump campaign official pointed to efforts to expand the Trump tent with surrogates like Robert F. Kennedy Jr., Tulsi Gabbard and Iowa Gov. The Harris campaign also hosted community meals that fed 120 families, and it is organizing similar events, spending more than $30,000 on relief efforts. Ultimately, after Biden toured North Carolina, Harris visited once in her official capacity after she visited Georgia to underscore relief efforts.
Persons: Helene, Kamala Harris, That’s, Harris, Donald Trump, Republicans —, Trump, it’s, , Morgan Jackson, Roy Cooper, Josh Stein, ” Jackson, Mark Robinson, Hurricane Helene, Brendan Smialowski, Nikki Haley, Sen, Thom Tillis, Tillis, , Thomas Mills, ” Jonathan Felts, Robinson, Harris “, Robert F, Kennedy Jr, Tulsi Gabbard, Kim Reynolds, Haley, Trump’s, JD Vance, ” Harris, Bill Clinton, Andy Beshear, we’ll, ” Donald Trump, Michael M, ” Dory MacMillan, Joe Biden, Biden, Harris didn’t, “ He’s, Zeb Smathers, ” Smathers, “ We’ve Organizations: Democratic, Republicans, Republican, North Carolina, Trump, Gov, Getty, White, GOP, Federal Emergency Management, FEMA, Democratic North, Iowa Gov, Blue Dog, Univision, Kentucky Gov, U.S, Capitol, North Carolina Legislature, Democratic Party Locations: North Carolina, Greenville —, Hurricane, Meadowbrook, Augusta, Ga, AFP, Pennsylvania, Trump, Democratic North Carolina, Ohio, Raleigh, Kentucky, , Valdosta, North Carolina , Georgia, Florida, Tennessee, Georgia, Canton , North Carolina
Elon Musk just unveiled Tesla's Robotaxi at the company's "We, Robot" event in Los Angeles. Elon Musk showed off Tesla's upcoming driverless taxi at its "We, Robot" on Thursday evening. Musk walked into the event and entered a sleek-looking silver Robotaxi, a two-door vehicle that opened upward with butterfly-style doors. The unveiling of Tesla's latest vehicle is a major milestone for the company and has been highly anticipated for years. In 2016, Musk said during a press call that a Tesla vehicle would autonomously drive from Los Angeles to New York City by 2017.
Persons: Elon Musk, , Robotaxi, Tesla, Musk, Optimus, Uber Organizations: Service, Warner Bros, Elon, Twitter, Traffic, Administration Locations: Los Angeles, Burbank , California, California, Texas, York, New York City
She has been trying to find a babysitter to sit with her kids for a few hours after school. As a teenager in the 90s, I might have gotten paid $20 for babysitting kids for the whole day. When I look for a babysitter now, I can't find anyone who charges less than $20 an hour. Kayla Sweeney can't afford to pay $20 an hour for a babysitter while at work. AdvertisementIf someone could charge minimum wage or even up to $10 an hour, I'd give them work to watch my kids right away.
Persons: Kayla Sweeney, , I'm, I've Organizations: Service Locations: Michigan, South Lyon , Michigan
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