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☆ Shop owner scores $1 million bonus for selling the winning Powerball ticket
▼ + stars: | 2022-11-09 | by ( Stella Chan | ) edition.cnn.com time to read: +2 min

Los Angeles CNN Business —The owner of Joe’s Service Center in Altadena, California, who came to the United States from Syria in 1980 with $14,000 in his pocket, is now a millionaire after selling the sole winning Powerball lottery ticket. California Lottery officials presented the check to Joe Chahayed and his sons Joe Jr. and Danny on a rainy election day outside of their gas station. Business owner Joe Chahayed smiles as he holds a check with his sons, Joe Chahayed, Jr., left, and Daniel Chahayed, right, outside his service center in Altadena, Calif. Damian Dovarganes/APChahayed said lottery officials were waiting for him before he opened his shop this morning. Chahayed hopes the winner is from the neighborhood, and is glad a portion of the lottery money will go towards California schools. “Somebody is holding on to a very important piece of paper this morning worth $2.04 billion, that’s two billion forty million dollars,” said Carolyn Becker, California Lottery spokesperson.

☆ Rivian sticks to full-year EV production target as quarterly losses come in narrower than expected
▼ + stars: | 2022-11-09 | by ( John Rosevear | ) www.cnbc.com time to read: +3 min

Here are the key numbers from Rivian's third-quarter earnings report, compared with average Wall Street analyst expectations as complied by Refinitiv:Revenue: $536 million, versus $551.6 million expected. $536 million, versus $551.6 million expected. Rivian said it's added a second shift of workers at its Illinois factory, a key step toward boosting production volumes. Year to date, through the third quarter, Rivian produced 14,317 vehicles. Because of that lag, Rivian said, the gap between its quarterly production and delivery totals may increase going forward.

☆ Crypto's self-appointed savior just reached for a lifeline
▼ + stars: | 2022-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

He’s an entrepreneur whose name often appears alongside descriptors like “wunderkind,” “savior,” white knight, “digital Warren Buffett,” etc. Then, in a truly unexpected twist, Binance said it had offered to buy FTX to resolve its liquidity crisis. The news prompted a brief recovery in digital assets but wasn’t enough to calm anxious investors. Other digital assets and equities tied to the industry, such as Coinbase, also fell. There’s a lot to figure out still, but we can expect digital assets to remain volatile until more details about the FTX-Binance deal are made public.

☆ First Russia, now China? Europe doesn’t appear ready to ‘decouple’ from Beijing just yet
▼ + stars: | 2022-11-04 | by ( Marie Brockling | ) www.nbcnews.com time to read: +8 min

Scholz was the first leader of a Group of 7 nations to visit China since the start of the pandemic, which was first detected there in 2019. China’s relations with Europe have deteriorated amid tensions over Taiwan, human rights issues and Beijing’s tacit support for Russia in its war on Ukraine. China has welcomed Scholz’s visit, saying it would “contribute to world peace, stability and growth.” But it received considerable pushback in Europe. Fears over Chinese interferenceScholz’s one-day visit to Beijing comes amid heightened fears in Europe over Chinese interference abroad. Wang suggested Europe could have the “best of both worlds” by playing a mediating role between Beijing and Washington.

☆ Tesla's California EV market share slips as rivals step up
▼ + stars: | 2022-11-03 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

[1/2] Tesla vehicles are shown at a sales and service center in Vista, California, U.S., June 3, 2022. REUTERS/Mike BlakeSAN FRANCISCO, Nov 3 (Reuters) - Tesla's (TSLA.O) dominant market share of the electric vehicle market in California slipped again this year, according to Reuters' calculations based on government data from January to September, as rivals up their game. Tesla controlled 73% of the battery electric market in California from January to September, the lowest level since 2018, according to new vehicle registration data from the California Energy Commission. "We are reaching a saturation point for Tesla market share in California," said Ed Kim, president of AutoPacific. He expected rivals to continue to take away market share, while also expecting Tesla sales would still grow.

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☆ Politics and your portfolio: Midterm elections create uncertainty for markets
▼ + stars: | 2022-10-31 | by ( Stephanie Dhue | ) www.cnbc.com time to read: +3 min

Voters file down the hall as early voting begins for the midterm elections at the Citizens Service Center in Columbus, Georgia, on Oct. 17, 2022. So with the midterm elections now a week away but the outcome still not in focus, does it make sense to make those adjustments now? Financial advisors say it's best to adjust your portfolio based on your financial goals and not on the outcome of any event. The market has a 'very distinct' midterms patternHistorically, stocks tend to do better after midterm elections. In 17 of the 19 midterm elections held since 1946, stocks performed better in the six months after the election than they did in the six months prior.

☆ The founder of a baby-services startup that just launched in Walmart shares her tips for working with the retail giant
▼ + stars: | 2022-10-31 | by ( Ben Tobin | ) www.businessinsider.com time to read: +5 min

Tot Squad began selling services at Walmart stores nationwide and on Walmart.com in February. After being "relentless" and pitching to many different people at the company, Tot Squad finally signed a contract with Walmart in August 2019, Saxton said. It wouldn't be until February 2022 that Tot Squad would officially launch in Walmart. Customers choose between video consultation or personal installation by a Tot Squad expert technician for an extra $40 or $80, respectively. For example, she said Angi — formerly known as Angie's List — is the home-services partner for Walmart, and Tot Squad is the retail giant's baby-services provider.

That was the last time Aby, a Seoul resident from the Ivory Coast, saw him. Bureaucrats who typically handle birth certificates or housing registrations sought to help hundreds of distraught people seeking details of their relatives. [1/4] Family members of people missing after a stampede during Halloween festivities, gather at a community service center in Seoul, South Korea, October 30, 2022. With no sign of news about the son, Aby left the centre for the Ivory Coast embassy. "The families need to get this certificate from the police, then we can release the bodies to the families," the official said.

☆ Rivian owners can’t help but gush about their trucks, flaws and all
▼ + stars: | 2022-10-27 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +9 min

“The Rivian is probably my favorite vehicle.”A Rivian R1T leaves the assembly line at its manufacturing plant in Normal, Illinois. Rivian owners have generally praised the R1T's features, including the gear tunnel for extra storage. Barnhart was one of several Rivian owners who said they were pleased with how accurately Rivian estimates its vehicles range. Feehley and other Rivian owners say it’s common to get questions from curious onlookers in parking lots, or to have people in cars driving alongside them taking pictures. Rivian owners describe being unwilling to ever sell their trucks.

☆ From 'It's Always Sunny in Philadelphia' to 'Aladdin,' here are 6 celebrities who've had trouble with their Teslas
▼ + stars: | 2022-10-23 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +5 min

"It's Always Sunny in Philadelphia" actor Glenn Howerton is the latest to relate his issues. In August, Vox reported that owners had filed numerous complaints against Tesla's service centers. The actor said he was locked out of his car Tesla after his key fob broke. The car doors wouldn't open, and he had to exit through the trunk after waiting for Tesla service personnel for almost an hour. The "Aladdin" actor filed a lawsuit against Tesla saying the accident occurred because of defects in his car.

☆ 'It's Always Sunny in Philadelphia' actor said Tesla 'lost a customer' after his car was stuck in a parking garage for days after his key fob broke
▼ + stars: | 2022-10-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Glenn Howerton said his Tesla was stuck in a parking garage for over 24 hours after his key fob broke. The actor detailed a frustrating experience where Tesla support failed to help him start the car. Bio" star Glenn Howerton detailed a frustrating experience where his Tesla was stuck in a parking garage for over 24-hours in a podcast on Monday. AP/Carlos OsorioHowerton said he was forced to leave the car at the parking garage overnight after replacing the battery for the key failed to fix the issue. He also found it near-impossible to get in contact with Tesla's support teams.

☆ Georgia breaks first-day early voting record, nearly doubles figure from last midterms
▼ + stars: | 2022-10-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A line of early voters file down the hall as early voting begins for the midterm elections at the Citizens Service Center in Columbus, Georgia, October 17, 2022. Turnout from Georgia's first day of early voting set a new state record for a midterm election, nearly doubling the figure from the same time period in the previous midterms, state election officials said Tuesday. More than 131,000 Georgia voters cast ballots since early voting began Monday, according to the office of Georgia Secretary of State Brad Raffensperger. The figure represents an 85% boost over the 2018 midterms, when nearly 71,000 early votes were cast on Day One, the office said. Georgia's latest tally is also nearly as large as the state's first day of early voting in the 2020 presidential election — 136,739 in that contest versus 131,318 in the current cycle, Raffensperger's office said.

☆ Rivian shares slump after the company announced a big recall
▼ + stars: | 2022-10-10 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

Through the end of September, Rivian had built about 15,300 vehicles since starting production in the fall of 2021. The company had set a goal to reach 25,000 vehicles produced by the end of the year. If the fastener isn't tight, Rivian said, it could affect the alignment of the front wheels, potentially causing vibrations and noise and changing the feel of the steering. Rivian said that it is aware of seven reports of issues that could be related to the fastener in question. The company had $15.5 billion on hand as of the end of the second quarter, far more than most rival EV startups.

☆ Rivian recalling 13,000 vehicles for loose bolt
▼ + stars: | 2022-10-08 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Rivian, the Irvine, California-based electric vehicle company, is recalling nearly all the vehicles it has produced to tighten a loose fastener in the vehicles’ front suspension. Seven instances potentially related to this issue have been reported and there have been no reported injuries, according to Rivian. Customers who begin to notice any unusual noises or vibration from the front of their vehicles are advised to contact Rivian immediately. Rivian is asking customers to bring their trucks into a Rivian service center to have the nut inspected and tightened if necessary. In the event that customers’ vehicles need to kept for service for any extended period, loaner vehicles will be provided.

☆ Tesla competitor Rivian recalls nearly almost all of its vehicles: 'we are acting with urgency and caution'
▼ + stars: | 2022-10-08 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

Tesla competitor Rivian recalled 13,000 vehicles on Friday after a manufacturing error was found. The front steering knuckle "may not have been sufficiently torqued," CEO RJ Scaringe wrote to staff. A spokesperson for Rivian said the recall was voluntary and that the cost would not be material. "In rare circumstances, the fastener has loosened fully," Scaringe wrote. "I want to reiterate that this is extremely rare, but it does reinforce why we are acting with urgency and caution."

☆ A Tesla owner says he was locked out of his electric car after the battery died — an issue that he says would cost over $20,000 to fix
▼ + stars: | 2022-09-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Last year, a Finnish Tesla owner blew up his EV to protest a similar issue. Last week, Mario Zelaya posted a TikTok video calling out the issue and it received over 15 million views. In an earlier video, the Toronto-based Tesla owner posted images of a service estimate from Tesla dated March 14. The estimate showed that a replacement battery for the electric car would cost over $28,000 in Canadian dollars or more than $21,000 US dollars. Last year, a man from Finland filmed a video of himself blowing up his 2013 Tesla Model S after he discovered a replacement battery would cost $22,600.

☆ Energy companies say angry customers phone them on a daily basis to complain about soaring energy bills
▼ + stars: | 2022-09-16 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Energy firms told Reuters that angry customers in Germany phone them every day about surging bills. It comes as Russia chokes gas supply to Germany, leading to more expensive energy bills. "Many underestimate the extent of the energy crisis and the associated price increases overall." The upset over soaring energy bills has also been apparent in German bakeries. A guild said that bakeries are severely impacted by the energy crisis because their ovens and fridges guzzle a lot of power.

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