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☆ Ancient humans were getting high on hallucinogenic drugs during cave rituals 3,000 years ago, study claims
▼ + stars: | 2023-04-07 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Scientists have discovered the use of hallucinogenic drugs by humans 3,000 years ago. They believe shamans used drugs as part of rituals held at the Es Càrritx cave in Menorca. The cave was first occupied around 3,600 years ago, and was used as a funeral space until around 2,800 years ago, the researchers said. The study, published the journal Scientific Reports, found psychoactive substances atropine, scopolamine and ephedrine on hair strands, which had been dyed red. The scientists believe the substances, likely derived from various plants, were used as part of rituals held at the cave.

☆ These are the best electric and hybrid cars of 2023 for every type of buyer, from luxury sedans to family SUVs
▼ + stars: | 2023-03-30 | by ( Alexa St. John | ) www.businessinsider.com time to read: +1 min

U.S. News & World Report released a list of best electric and hybrid cars Wednesday. U.S. News evaluated 107 vehicles based on rankings, starting price, charging rate, and more. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyU.S. News & World Report released its list of best electric and hybrid cars Wednesday. The Lexus ES Hybrid, Kia EV6, Hyundai Tucson Plug-In Hybrid, Toyota Prius, and Lucid Air each secured the second consecutive win in their award categories. Best Electric Truck was a new category this year.

☆ BAE Systems to work with Heart Aerospace on electric airplane battery
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: 1 min

LONDON, March 30 (Reuters) - Britain's BAE Systems (BAES.L) said on Thursday it would collaborate with Sweden's Heart Aerospace in developing a battery system for Heart's ES-30 regional electric airplane. The ES-30 will be powered by four electric motors, with an all-electric range of 200 kilometers, an extended reserve hybrid range of 400 kilometers with 30 passengers and an ability to fly up to 800 kilometers with 25 passengers, BAE Systems said. Heart Aerospace has a total of 230 orders and 100 options for the ES-30, along with letter of intent for an additional 108 airplanes. Reporting by Paul Sandle Editing by William Schomberg and Sarah YoungOur Standards: The Thomson Reuters Trust Principles.

☆ Kamala Harris announces Tanzania trade boost during Africa tour
▼ + stars: | 2023-03-30 | by ( Nuzulack Dausen | ) www.reuters.com time to read: +4 min

[1/4] U.S. Vice President Kamala Harris talks to her Tanzanian counterpart Philip Mpango as she arrives in Tanzania, the second stop of a three-nation tour of Africa, at the Julius Nyerere Airport in Dar es Salaam, Tanzania March 29, 2023. "Working together, it is our shared goal to increase economic investment in Tanzania and strengthen our economic ties," Harris said, listing a number of initiatives. China has invested heavily in Africa in the last two decades, and last November the Tanzanian president met China's President Xi Jinping during a state visit to Beijing. Under Hassan, Tanzania has returned to international engagement after a period of isolationism enforced by her predecessor John Magufuli, who cancelled all his ministers' foreign trips and discouraged travel. "Madam President, under your leadership Tanzania has taken important and meaningful steps and President Joe Biden and I applaud you," Harris said, standing alongside Hassan.

☆ Kamala Harris wraps up Ghana visit, heads to Tanzania
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. Vice President Kamala Harris meets with women entrepreneurs during her week-long trip to Ghana, Tanzania and Zambia, in Accra, Ghana March 29, 2023. REUTERS/Francis KokorokoACCRA, March 29 (Reuters) - U.S. Vice President Kamala Harris will meet Ghanaian women entrepreneurs on Wednesday to discuss economic empowerment and leadership, her last engagement in Accra before heading to Tanzania to continue her week-long African tour. She is scheduled to leave Ghana after her roundtable with women entrepreneurs and fly to the Tanzanian commercial capital Dar es Salaam, where she will meet President Samia Suluhu Hassan on Thursday and fulfil other engagements. On Friday, she will fly to Zambia, where she will meet President Hakainde Hichilema and participate in other events. Reporting by Francis Kokoroko; Writing by Estelle Shirbon; Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ Tanzania detects its first-ever cases of the highly fatal Marburg viral disease
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

DAR ES SALAAM, March 22 (Reuters) - Tanzania has confirmed its first-ever cases of Marburg, a high-fatality viral hemorrhagic fever with symptoms broadly similar to those of Ebola, the World Health Organisation (WHO) said. "The efforts by Tanzania's health authorities to establish the cause of the disease is a clear indication of the determination to effectively respond to the outbreak," said Matshidiso Moeti, WHO regional director for Africa. With a fatality rate of as high as 88%, Marburg is from the same virus family responsible for Ebola and is transmitted to people from fruit bats. Symptoms include high fever, severe headache and malaise which typically develop within seven days of infection, according to the WHO. Equatorial Guinea is also battling its first-ever outbreak of Marburg that was confirmed in February.

☆ Ford discounts Mustang Mach-E electric SUVs in China
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, March 8 (Reuters) - Ford Motor (F.N) said on Wednesday it was offering a discount of 40,000 yuan ($5,700) on its Mustang Mach-E electric SUVs in China until the end of April. Mustang Mach-E cars were now available in China at prices starting at 209,900 yuan in China after the discount, a company representative at Ford China said. Ford said in November it was accelerating Mustang Mach-E production and targeting a global annual output rate of 270,000 by the end of 2023, including its China production. Ford sold 39,458 Mach-Es in the U.S. last year, 45% more than in 2021. Tesla sold 455,091 Model Ys in China in the same year, according to data from China Association of Automobile Manufacturers (CAAM).

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☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
▼ + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. 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.

☆ A Swedish-made fighter jet could tip the scales against Russia in Ukraine, but it might not get there any time soon
▼ + stars: | 2023-02-05 | by ( Sebastien Roblin | ) www.businessinsider.com time to read: +16 min

Ukraine's air force remains in the fight almost a year after Russia's shambolic invasion. Sooner or later, Ukraine must induct new jet fighters into service — and they sure aren't buying them from Russia. JAS-39 Gripen: background and capabilitiesA Swedish JAS 39 Gripen at Bobo, Norway in October 2018. A Hungarian Air Force JAS-39 Gripen in August 2010. JAS-39 Gripen vs. F-16A US Air Force F-16 takes off from Aviano Air Base in Italy in June 2020.

☆ Ford’s Profit Engine Needs a Full Overhaul
▼ + stars: | 2023-02-03 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

Ford has struggled to get parts to come together at the right time to make vehicles roll smoothly off its production lines. Ford Motor has a cost problem—and that is before it starts selling many cut-price Mustang Mach-Es. Investors should brace for falls in Ford’s stock Friday. Before hours it was down almost 8%, following results late Thursday that fell short of its guidance. Adjusted operating profit ended up at $10.4 billion for the year, whereas the company in October said it would make about $11.5 billion.

☆ Behind the EV price war is an all-out battle for the future of customer loyalty in the car business — and it could mean more discounts on the horizon
▼ + stars: | 2023-02-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Ceding profits to market share is an expensive game of chicken, analysts warn. This will be a 'pivotal year' for establishing customer loyalty in the EV market. Chasing market share over profitsBoth companies are opting to cede profits for market share in a pricey game of chicken, analysts said. GM – opting out of the pricing war for now – is going after customer loyalty with an EV helpline open to all electric car owners. But if history is any guide, more companies will join in the price slashing if their market share starts to slip.

☆ Ford’s EV price cuts could pressure profitability, a headwind the automaker needs to address
▼ + stars: | 2023-01-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Ford Motor (F) confirmed Monday what Jim Cramer has been speculating for weeks: Price cuts on its electric vehicles following similar moves by Tesla (TSLA). Depending on the models, Ford's price reduction "hurts our decision to own Ford," Jim said Monday after the automaker said the move will make some Mach-E trims unprofitable. Last year, Ford announced a split of its EV and internal combustion engine units into separate businesses — called Ford Model e and Ford Blue, respectively — aiming to increase efficiencies unique to each and maximize profits. F 1Y mountain Ford (F) 1 year performance The Club's take With investors concerned about margin pressure due to the price cuts, we'll be looking for messaging on Ford's next steps to address the problem. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

[1/4] Ford Mustang Mach-E GT is seen during the Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. The move comes as electric vehicle manufacturers are feeling pressure from Tesla's price cut to respond. "Ford just cut Mustang EV prices in response to Tesla’s price cut. "Tesla’s price cut was a major blow to the prospects of competing EV models and the Mustang Mach-E directly competes with Tesla’s Model Y," said Garrett Nelson, an analyst at CFRA Research. Ford said existing Mustang Mach-E customers awaiting delivery of vehicles will automatically receive the price cut.

☆ These stocks are cheap compared to the S&P 500 and are expected to see big earnings growth in 2023
▼ + stars: | 2023-01-22 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Nevertheless, analyst expect certain stocks currently trading at cheap valuations to grow earnings this year. These pressures have analysts expecting the first earnings decline for the S & P 500 since the throes of the pandemic. According to FactSet, analyst see fourth-quarter S & P 500 profits declining by 4.6%, which would mark the worst earnings season since the third quarter of 2020. Still, there are some stocks trading at cheaper valuations than the S & P 500 that are also expected to see strong earnings growth in 2023. FedEx is another name that made the cut, with its earnings expected to surge by 24% in 2023.

[1/16] Emergency personnel work at the site where an apartment block was heavily damaged by a Russian missile strike, amid Russia's attack on Ukraine, in Dnipro, Ukraine January 15, 2023. Ambassador to Ukraine Bridget Brink and Kyiv's other allies condemned Saturday's Russian attacks. "More security assistance is coming to help Ukraine defend itself," Brink said on Twitter, calling the strike on Dnipro "horrifying." In Soledar, where Russian forces have refocused attacks after failing to take the larger nearby centre of Bakhmut, Ukraine insisted that its forces were battling to hold the town. But officials acknowledged the situation was difficult, that street fighting was raging and Russian forces were advancing from various directions.

☆ The latest news on Russia's war on Ukraine
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +3 min

[1/4] Emergency personnel work at the site where an apartment block was heavily damaged by a Russian missile strike, amid Russia's attack on Ukraine, in Dnipro, Ukraine January 15, 2023. Russia's defence ministry said its forces had launched a wave of missile strikes against Ukrainian military and infrastructure sites on Saturday. * Russian President Vladimir Putin said the special military operation - Russia's term for the war - was showing a positive trend and that he hoped Russian soldiers would deliver further gains after Soledar. MOLDOVA* Moldovan President Maia Sandu, denouncing "Russia's brutal war", said on Saturday that missile debris was found in her country near Ukraine's western border after the latest wave of Russian attacks. * Former Russian President Dmitry Medvedev accused Kishida of shameful subservience to the United States, suggesting on Saturday that he should ritually disembowel himself.

☆ Investing Club Mailbag: How to avoid pitfalls when calculating stocks' price-to-earnings multiples
▼ + stars: | 2023-01-12 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Data providers that automatically pull from companies' quarterly releases in calculating trailing price-to-earnings (P/E) sometimes bring in numbers that are not the ones used by Wall Street. However, for trailing P/E purposes, the adjusted earnings-per-share number is usually the one to use. The one-time items are just that, they can change from quarter to quarter or not occur at all. That's why instead of using trailing earnings as our yardstick, we use forward earnings expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Investors may be surprised how low the S&P 500 could go in a recession, Morgan Stanley's Mike Wilson says
▼ + stars: | 2023-01-09 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

The S & P 500 may have quite a bit further to fall this year, especially if the U.S. is pushed into a recession, according to Morgan Stanley. What Wilson sees in stocks in 2023 Wilson has a few reasons to again go against the grain. He sees the equity risk premium of the S & P 500 – currently around 2.33% –too low given the earnings risk forecast. "Our base case forecast for 2023 S & P 500 EPS is $195 while our bear case forecast (a recession) is $180," he said. "This compares to the bottoms up consensus forecast of $230, which nearly every client agrees is too high."

We're kicking off the new week by making some sales in 2 of our highest price-to-earnings (PE) multiple technology stocks. Our concerns around high-multiple tech firms stem from the market's challenge of correctly valuing them. Consistent with our angst over high-multiple tech stocks, we're selling some Microsoft and Nvidia . The former trades at around 23-times the next 12 months of earnings, while the latter trades at around 38-times. With expenses growth at tech firms still not aligned with more muted revenue expectations, our trims today hedge us in the event earnings disappoint this season.

☆ Cramer: This market is split in two and only one part is worth owning right now
▼ + stars: | 2023-01-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Why didn't those who think Powell is a doofus speak up and say maybe he's gotten it right? Its market cap looks too big, but it might actually be right because of its service revenue. The rest of the market, including stocks like Micron, will trade as it has in any recession. But the bottoming process for high-growth tech is pretty unfathomable because it was never valued right in the first place. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
▼ + stars: | 2023-01-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

We're focusing on forward price-to-earnings ratios, calculated by dividing share price by estimated earnings-per-share over the next 12 months. In this high-level hypothetical, start with the multiple you want to pay and multiply that by forward earnings estimates. But now growth is less certain and interest rates are going up, so you think paying 10x forward earnings is too risky. Instead, you think paying 8x forward earnings is more appropriate, meaning you're only willing to pay $40 per share. Oilfield services provider Halliburton (HAL) trades at roughly 13x forward earnings, a valuation that we find very reasonable.

☆ New York City buying more than 900 EVs for government fleets
▼ + stars: | 2023-01-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The announcement is the latest by a U.S. government agency to speed the shift away from gas-powered vehicles to EVs. New York City currently has more than 4,000 government-owned electric vehicles and by later this year says close to 20% of city vehicles will be EVs. "Electric vehicles, they are clearly the future," New York Mayor Eric Adams said on Wednesday. New York City has about 26,000 government vehicles in service. USPS said it plans to buy at least 66,000 electric vehicles through 2028 after committing in July to buying 25,000 next-generation electric delivery vehicles.

☆ Jim Cramer: My worldview for the first half of 2023 and the stocks that will win
▼ + stars: | 2023-01-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +27 min

Our stock market comes out of 2022 better than any other. The profitless companies today — like the dot-com stocks in 2000 — almost all disappointed and will continue to disappoint in 2023. I had thought these people would come back to work when they realized that savings from the stock market and Social Security aren't enough of a safety net. Money will be exiting the stock market all year into the safer and somewhat greener pastures. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks on the cheap — Here are 11 names with single-digit P/Es that could rally
▼ + stars: | 2022-12-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

On the tail-end of a down year, there are some stocks that might be cheaper than they should be. That has led to a down year for the majority of stocks — and all but one of the 11 sectors — in the broad index. But this sharp decline could present a buying opportunity, as some stocks are set to rally. Along with PulteGroup , it also has the lowest forward price-to-earnings ratio among the names on the list, at 6.2 times. Further down the list, United Rentals has a price-to-earnings ratio of 9.6.

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