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☆ Auto execs still aren't convinced about electric cars
▼ + stars: | 2023-06-13 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Auto execs are nervous about transitioning to EVs, consulting firm KPMG found in a new survey. Auto executive confidence in high EV sales in the US by 2030 dropped from last year. In a survey of more than 900 auto industry execs published in December, KPMG found that respondents think only 37% of new vehicle sales in the US will be electric by 2030. The survey results come two days after Toyota's CEO came under fire for comments that indicate he's not all that sold on EVs just yet. The KPMG survey also reported that 76% of respondents said inflation and high-interest rates will impact their business in 2023.

Persons: That's, Biden, EVs, Kelley, Akia Toyoda, — that's Organizations: KPMG, Auto, Toyota's, Wall Street Locations: China

☆ Many are declaring the bear over, but a new bull market is more a process than a single moment
▼ + stars: | 2023-06-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The review is merely to note that the beginning of a potential bull market is a process, not a moment, occurring as the weight of the evidence gradually shifts in favor of the optimists. A new bull market, even if in place, doesn't always mean a timely sprint to hefty further gains. In a bear market, that's toppy; while in a bull market backdrop, such a level of optimism is fairly routine. In a bear market, 14 is "too low," In a bull market, it's middling. The S & P 500 has built a cushion with which to absorb routine pullbacks without jeopardizing the broader trend.

Persons: JFK, didn't, –, doesn't, Stephen Suttmeier, Bull headwinds, I've, they've, there's Organizations: Bank of America, Investment Group, Lehman, Investment, American Association of Locations: New York, –

☆ Ukraine is kicking off its big offensive armed with powerful Western tanks and weapons, but breaking Russian lines may be anything but easy
▼ + stars: | 2023-06-08 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

The Ukrainians are armed with Western weapons, including tanks and armored vehicles, but they are facing tough Russian defenses. There appear to be Ukrainian offensive operations against Russian defenses in the Zaporizhzhia and Donetsk oblasts, among other locations along the front lines. As some experts have said, the stakes for the Ukrainian offensive are high. Unlike last summer's sweeping offensive around Kharkiv, Ukrainian forces are facing much more heavily defended positions. The think tank added, as Russia makes claims of thwarting Ukraine's offensive, that "the success or failure of this phase may not be apparent for some time."

Persons: —, Klaus, Dietmar Gabbert, Mark Milley, Laurent van der, ISW, Volodymyr Zelenskyy Organizations: Service, Ukrainian, Washington Post, Financial Times, Kyiv hasn't, ABC News, NBC, Institute for, Bundeswehr, Getty Images, US, Joint Chiefs of Staff, CNN, New York Times, 81st Airmobile Battalion, Le Monde, Russian Ministry of Defense, Wall Locations: Ukraine, Donetsk, Russia, Russian, Klietz, Germany, Ukrainian, Kharkiv, Seversk, Novopokrovka

☆ Wall Street's succession summer
▼ + stars: | 2023-05-30 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +5 min

But first, it's the summer of succession — and no, we're not talking about the TV show. Wall Street CEOs pretend that succession planning is another chore, like hashing out the annual budget or organizing an earnings call. But behind the boring press announcing their succession plans is often a story of intrigue and drama. And then, of course, there's Jamie Dimon, Wall Street's longest-serving CEO. Earlier this week, Insider highlighted 17 young analysts poised to shine.

☆ Summer's hottest dress code: Sequins, boots, cowboy hats. Thank you, Taylor Swift
▼ + stars: | 2023-05-27 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

Or, in other words, the Taylor Swift look. “This has become a wild year already for us because of Taylor Swift,” said Johnson, CEO of Hazel & Olive. Right: Taylor Johnson, founder and CEO of Hazel & Olive, wearing The Eras Sequin Fringe Dress. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Altar'd State stores have curated Taylor Swift looks for concert goers.

☆ Taylor Swift is this summer's most in-demand artist—Eras Tour tickets sell for an average of $920
▼ + stars: | 2023-05-26 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

When it comes to the most in-demand concerts of the summer, there's Taylor Swift and then there's everybody else. The "Style" singer is the hottest act of the season according to StubHub, which on Friday released its 2023 Summer Tour Preview. 1 on the list, with tickets for her 24 "Eras" tour dates this summer selling for an average of $920 apiece. In fact, the $920 average selling price is a bargain in some locations. 7 P!NK — with her 33 tour dates selling at an average of $231 per ticket — are outselling the seven male artists in the top 10 by 50%.

☆ As South Carolina governor signs new law, abortion restrictions strain providers in U.S. South
▼ + stars: | 2023-05-25 | by ( ) www.cnbc.com time to read: +6 min

The South Carolina House of Representatives is called back by Gov. "This is a great day for life in South Carolina, but the fight is not over. We stand ready to defend this legislation against any challenges and are confident we will succeed," Republican South Carolina Gov. The new law signed by South Carolina governor's will change that status, according to Caitlin Myers, an economics professor at Middlebury College. Over the past two months, Republican officials in North Carolina, South Carolina and Florida have pushed Virginia closer to being a regional outlier as a place with relatively permissive access.

☆ Morgan Stanley strategist Mike Wilson says don't be fooled, this is not a new bull market
▼ + stars: | 2023-05-22 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The S & P 500 's range breakout last week may not signal a bull market ahead, Morgan Stanley warned. But he said that isn't enough to confirm a new bull market given there are signals warning otherwise. "Rather than a short squeeze, the market was driven by the biggest winners as more market participants convinced themselves the next bull market may have begun and they can't afford to miss it." .SPX 6M line The S & P 500's last six months Market fundamentals also aren't helping the bull case, he said. Excluding technology stocks, the S & P 500's price-to-earnings multiple is 18 times, still putting it in the top 15% of historical levels.

☆ Southern Europe braces for climate change-fuelled summer of drought
▼ + stars: | 2023-05-17 | by ( Kate Abnett | ) www.reuters.com time to read: +6 min

As climate change makes the region hotter and drier, years of consecutive drought have depleted groundwater reserves. CLIMATE CHANGE TRENDSouthern Europe is not alone in suffering severe water shortages this year. The Horn of Africa is enduring its worst drought in decades, while a historic drought in Argentina has hammered soy and corn crops. "In terms of the climate change signal, it very much fits with what we're expecting," said Hayley Fowler, Professor of Climate Change Impacts at Newcastle University. Some 90% of the mainland is suffering from drought, with severe drought affecting one-fifth of the country - nearly five times the area reported a year earlier.

☆ Airlines are offering more U.S.-Europe service than ever — but don't expect bargains
▼ + stars: | 2023-05-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Airlines scheduled a near-record 51,000 flights from June through August from the U.S. to Europe, according to airline data firm Cirium. The number of scheduled seats is the highest since 2018. Despite that increase in capacity across the Atlantic, fares are up sharply as airlines test travelers' appetites for trips abroad. JetBlue is flying to London's two largest airports from New York and Boston, and plans to launch service to Paris from New York in June. Delta plans to offer a record number of seats from the U.S. to Europe, up 20% from last summer.

☆ Why missing one $2 expense could derail your whole national park trip
▼ + stars: | 2023-05-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

What this means: Travelers can't necessarily bank on showing up spontaneously to a national park and getting the experience they desire. Record park visitation spurred reservationsTourists crowd into the Midway Geyser Basin on July 14, 2021 at Yellowstone National Park, Wyoming. One — Hot Springs National Park in Arkansas — saw record visitors last year. Overall visits to national parks jumped by 5% in 2022 versus the year prior, to 312 million recreation visits. These national parks require vehicle reservationsTraffic heading into Yosemite Village on Oct. 6, 2019, in Yosemite National Park, California.

☆ Mass event will let hackers test limits of A.I. technology
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: +6 min

But now its maker, OpenAI, and other major AI providers such as Google and Microsoft, are coordinating with the Biden administration to let thousands of hackers take a shot at testing the limits of their technology. Some are official "red teams" authorized by the companies to "prompt attack" the AI models to discover their vulnerabilities. Chowdhury, now the co-founder of AI accountability nonprofit Humane Intelligence, said it's not just about finding flaws but about figuring out ways to fix them. Building the platform for the testing is another startup called Scale AI, known for its work in assigning humans to help train AI models by labeling data. "Our basic view is that AI systems will need third-party assessments, both before deployment and after deployment.

☆ Spain, Portugal swelter as April temperature records broken
▼ + stars: | 2023-04-28 | by ( Mariano Valladolid | ) www.reuters.com time to read: +2 min

[1/5] A field of grass is seen cracked by the drought during scorching summer temperatures in spring in Ronda, Spain April 27, 2023. REUTERS/Jon NazcaCORDOBA, Spain, April 28 (Reuters) - Mainland Spain and Portugal have broken temperature records for April, as the Iberian neighbours swelter in an early-season heatwave that has exacerbated a long drought in some regions. Spain's absolute April record remains the 40.2 C reached in 2013 on Gran Canaria in the Canary Islands. In neighbouring Portugal, the temperature in the central town of Mora reached 36.9 C, breaking the record of 36.0 C set in April 1945, its weather agency said. Temperatures started dropping on Friday in Portugal but the heatwave persisted in parts of Spain.

☆ A year in Azerbaijan: From the Grand Prix to the ski slopes
▼ + stars: | 2023-04-27 | by ( Words Cnn Staff | Photo Illustrations Woojin Lee | ) edition.cnn.com time to read: +18 min

CNN —Anyone who has tuned in to the Azerbaijan Grand Prix has seen a tantalizing glimpse of what the capital Baku has to offer. This year’s Grand Prix comes at the height of spring, often said to be Azerbaijan’s most beautiful season. Juan Vilata/Alamy Stock Photo Explore Azerbaijan in spring Prev NextSummers in Azerbaijan are hot, so getting out of the city is a good idea. Alexander Melnikov/Alamy Stock Photo Explore Azerbaijan in fall Prev NextWrap up, because even at its coldest Azerbaijan still has plenty to offer. You’ll learn much more at the Azerbaijan National Carpet Museum in Baku.

☆ Warner Bros. Discovery previews a stacked film slate, centered around this summer's 'Barbie'
▼ + stars: | 2023-04-25 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Warner Bros. Warner Bros. is offering a wide slate of films in 2023 across drama, comedy, horror and action. Warner Bros. capped its presentation with words from Peter Safran, one half of its new duo of creative leaders at DC Studios. Zaslav says he's seen "The Flash" three times and told CinemaCon audiences "it's the best superhero movie I've ever seen." He also reassured media and insiders that Warner Bros.

☆ Airlines are combating the pilot shortage by paying pilots more, making it easier to become one, and hiring from Australia
▼ + stars: | 2023-04-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

An ongoing pilot shortage has plagued US airlines since travel came roaring back post-pandemic. While some organizations — like the Regional Airline Association advocacy group — have praised the legalization, the Air Line Pilots Association has opposed it, Reuters reported. Increasing pilot payRegional flying has been particularly impacted by the pilot shortage, forcing airlines to slash dozens of flights to small markets and even ground regional jets. Other regional carriers like Mesa Airlines, Republic Airways, and Delta's wholly-owned airline Endeavor Air have also gotten pay increases. Lowering training requirementsRegional carrier Republic recently asked the FAA to reduce the flight hour requirement for pilots graduating from its LIFT pilot training academy.

I requested an extension on my taxes last year, and I put off dealing with my taxes until October. I've gotten another extension this year, but this time it's out of necessity, and I'm going to be careful. I'm requesting a tax extension. Editor's Rating 4.2/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On TurboTax's website Learn more On TaxAct's website Learn more On FreeTax USA's websiteI kept putting my taxes off — and then it was OctoberThose are my excuses for logging on and begging for another six months. If everything goes according to plan, we'll be back on track in time to handle 2023 taxes on time.

☆ An incredibly rare bullish stock market indicator just flashed for the first time since 2019
▼ + stars: | 2023-04-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

An incredibly rare bullish stock market indicator just flashed, suggesting more upside ahead. The Zweig Breadth Thrust indicator flashed for the first time since 2019, according to Ryan Detrick of the Carson Group. That's according to Carson Group chief market strategist Ryan Detrick, who pointed out that the "extremely rare" Zweig Breadth Thrust Indicator just triggered. The last time the Zweig Thrust Indicator triggered was in early 2019. Meanwhile, the six-month forward average return after the Zweig Thrust Indicator triggered is 17%.

☆ Jim Cramer's top 10 things to watch in the stock market Monday
▼ + stars: | 2023-04-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Pioneer Natural Resources (PXD) is the biggest independent oil exploration and production (E & P) play. Club holding Constellation Brands (STZ) reported an excellent quarter last week and gave you an 11% dividend increase. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Fintech dealmaking is ready for prime time
▼ + stars: | 2023-04-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

It seems the time has finally come for some M&A, and one group is ready to go. I wrote last week about how a couple of blockbuster deals could kick off a spree of dealmaking after a long drought. Insider's Paige Hagy and Bianca Chan identified a bunch of acquisition targets in a segment of the market that is in need of some deals: fintech. One could make the point that every industry has a backlog of potential deals, but fintech seems particularly ripe. For the complete rundown on the 16 fintech and consumer-facing deals JPMorgan has made since 2020, click here.

☆ Why you don't want to be called 'gate lice' at the airport
▼ + stars: | 2023-03-29 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

"Gate lice" is the unflattering name used to describe travelers who crowd the gate before boarding. But it's a major flight attendant pet peeve, aviation veteran Rich Henderson told Insider. The "gate lice" are likely passengers who are positioning themselves to be first in line so they can secure overhead bin space for their carry-on bags. Crowds of "gate lice" forming in the airport appeared to become more widespread following the pandemic, as The Points Guy senior aviation reporter David Slotnick wrote in 2021. But at least "gate lice" are waiting for their turn to board — unlike passengers who cut the line before their group is even called.

☆ Here are the Club’s 7 'safety stocks' for a volatile economic environment
▼ + stars: | 2023-03-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

PG YTD mountain YTD peformance Jim called Procter & Gamble (PG) his favorite stock in the portfolio right now. COST YTD mountain YTD peformance Costco (COST) is one of the best retailers to own in a strained economy. HUM YTD mountain YTD peformance Humana (HUM) is our managed-care play and we're holding the stock for its defensive characteristics. JNJ YTD mountain YTD peformance Health care leader Johnson & Johnson (JNJ) has been a tough name to own as of late. PANW YTD mountain YTD peformance Cybersecurity giant Palo Alto Networks (PANW) is one of our newer holdings, which we started in mid-February .

[1/7] A view shows a forest parcel from which trees burned by the last summer's wildfires have been removed, in Landiras, in the Gironde region, France, March 20, 2023. Columns of white, acrid smoke rise from a forest floor outside the town of Hostens in the Gironde region, south of Bordeaux. The Gironde region was particularly badly hit with 20,000 hectares of forest destroyed, and the risk of renewed fires is a great concern. When it comes to wildfires risk, she said that prevention was crucial, as well as swift intervention when a fire first starts, which is easier to do from above. The interior ministry said measures for fighting forest fires across France will be presented in the coming weeks.

☆ Falling US gasoline stockpiles signal a repeat of last summer's high prices
▼ + stars: | 2023-03-22 | by ( Shariq Khan | ) www.reuters.com time to read: +2 min

Companies Exxon Mobil Corp FollowMarch 22 (Reuters) - U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months. Retail gasoline prices, now averaging $3.44 a gallon nationwide, hit a record $5.02 a gallon last June as crude oil prices jumped on Russia's invasion of Ukraine and the waning of COVID-19 travel curbs unleashed pent up travel demand. Vehicle travel in the U.S. started the year 5.6% higher than last year, leading to a drop in gasoline stockpiles for five straight weeks. Rising travel coupled with declining inventories could lift retail prices again this year, said Yawger, with last summer's $5 a gallon a possibility again. When fully operating this month, it will be able to process 250,000 additional barrels of crude daily into gasoline and diesel.

ZURICH/BERLIN/LONDON, March 20 (Reuters) - Urs Kessler, who runs Jungfrau Railways, a train that takes tourists up the highest mountain in Switzerland, was excited for the return of Chinese tourists after COVID-19 restrictions were lifted late last year. Chinese outbound flight bookings to Europe during March and August are only 32% that of pre-pandemic levels, according to travel data firm ForwardKeys. OPTIMISM FOR THE FUTUREMany tourist operators and retailers hope the second half will bring a relaxation in visa policies, more flights and the long-expected influx of Chinese tourists. Harrods launched branded stickers, including its iconic teddy bear, on China's popular WeChat messaging platform this year to attract Chinese tourists. Kessler believes his Lang Lang campaign was still worth it.

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