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☆ Hans Niemann: Chess grandmaster ‘categorically’ denies using vibrating sex toys to cheat in the sport
▼ + stars: | 2023-09-26 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

When he was pressed by Morgan if he had used such toys “while playing chess,” Niemann replied: “Well, your curiosity is a bit concerning, you know - maybe you’re personally interested, but I can tell you, no. The accusations of cheating aimed at Niemann evolved into a scandal which gripped the world of chess over the last year. Niemann then filed a $100 million defamation lawsuit against Chess.com, Carlsen and popular streamer and player Hikaru Nakamura. As a result, online chess sites, like Chess.com, have developed anti-cheating technology to detect when players are using outside computer software during games in an attempt to curb foul play. While FIDE is battling to combat online cheating, there has been a level of purity to over-the-board chess with cheating proving to be much more difficult.

Persons: Hans Niemann, Piers Morgan, Niemann, ”, it’s, Morgan, ” Niemann, you’re, Magnus Carlsen, “, Carlsen, St . Louis, Chess.com, Hikaru Nakamura, Magnus, Niemann –, –, they’ve, Andy Howie, haven’t Organizations: CNN, New York Times, Louis Chess Club, Chess.com, ” CNN, FIDE Locations: Norwegian, St ., Chess.com, Stockfish

BERLIN (AP) — Germany hired Julian Nagelsmann to lead the men’s national soccer team on Friday, entrusting the former Bayern Munich coach with doing a better job than the last Bayern Munich coach who tried. Political Cartoons View All 1173 ImagesNagelsmann previously took over from Flick when he became Bayern coach in 2021 with Flick leaving to coach the national team. Germany national team sporting director Rudi Völler took over as interim coach and oversaw a morale-boosting 2-1 win over France in its next game. Völler, who was Germany coach from 2000-04, had made clear he only ever wanted to take over again on a temporary basis. Before coaching Bayern, Nagelsmann enjoyed success in charge of Leipzig and Hoffenheim, where he became the youngest coach in the Bundesliga in 2016.

Persons: —, Julian Nagelsmann, Nagelsmann, Otto Nerz, Hansi Flick, Flick, wasn’t, Joachim “ Jogi, Löw, Rudi Völler, Lothar Matthäus, Stefan Effenberg, Michael Ballack, Louis van Gaal, ___ Organizations: BERLIN, Bayern Munich, ”, Bayern, Bayern —, Germany, France, Hoffenheim, Bundesliga Locations: — Germany, German, Germany, Japan, Bavarian, United States, East Hartford , Connecticut, Mexico, Philadelphia, Austria, Vienna, Leipzig

It follows Russia's invasion of Ukraine and the loss of Moscow's cheap natural gas — an unprecedented shock to Germany’s energy-intensive industries, long the manufacturing powerhouse of Europe. The loss of cheap Russian natural gas needed to power factories “painfully damaged the business model of the German economy,” Kullmann told The Associated Press. One hotly debated solution: a government-funded cap on industrial electricity prices to get the economy through the renewable energy transition. However, squabbling among the coalition government over the energy price cap and a law barring new gas furnaces has exasperated business leaders. “The perception of Germany's underlying strength may also have contributed to the misguided decisions to exit nuclear energy, ban fracking for natural gas and bet on ample natural gas supplies from Russia,” he said.

Persons: “, Christian Kullmann, Kullmann, ” Kullmann, Evonik, Robert Habeck, Chancellor Olaf Scholz, Angela Merkel, —, Biden, Scholz, Evonik's Kullmann, Gerhard Schroeder, Holger Schmieding, ”, ” Schmieding, Schmieding Organizations: Jobs, International Monetary Fund, European Union, Evonik Industries, Associated Press, Greens Party, Social Democrat, Free Democrats, Companies, Schott AG, ” Locations: ESSEN, Germany, Ukraine, Europe, Europe's, Essen, Russia, Moscow, China, Bavarian, U.S, Lafayette , Indiana, Brussels, Berlin, Chile, Qatar, ” Germany, Berenberg

☆ This tailor is in high demand for Oktoberfest — there's a 6-month wait for his authentic leather lederhosen, which can cost nearly $2,000
▼ + stars: | 2023-09-16 | by ( Matthias Schrader | Kirsten Grieshaber | Associated Press | ) www.businessinsider.com time to read: +5 min

Klaus Bensmann is a tailor who has been handmaking leather lederhosen for the past 38 years. Bavarians have worn lederhosen — knee-long leather pants with suspenders and embroidery — for hundreds of years. Revelers preferring a more classic look book an appointment with leather tailor Klaus Bensmann for customized, handmade britches fashioned from deer or cow leather. AP Photo/Matthias SchraderBensmann offers different cuts of Bavarian lederhosen, traditional knee-longs, short ones that end mid-thigh, and longer, looser knickerbockers. But instead of working as a tanner, he decided to become a leather tailor, and in 1985 he opened his store and workshop, Leder Bensmann.

Persons: Klaus Bensmann, Bensmann's, Matthias Schrader Bensmann, Claus, Bensmann, Matthias Schrader, Leder, Lederhosen Organizations: Service, AP, Associated Press, Bavarian Locations: Munich, Wall, Silicon, Germany, Germany's, Bavaria, China, Bad, Bavarian, Austrian, Germany's Saxony, North Rhine – Westphalia, Canada, Hindelang

☆ Arm debut will help jump-start IPO market, early Airbnb investor Rick Heitzmann suggests
▼ + stars: | 2023-09-14 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest. Chip design company Arm , which is affiliated with Softbank, jumped almost 25% in its Nasdaq debut on Thursday. And, Heitzmann expects next week's Instacart IPO to follow in Arm's footsteps. "It's the reason they're going to price Instacart down 70% from the last private round." "People were wondering how much appetite is there from the big traditional IPO buyers," Heitzmann said.

Persons: FirstMark, Rick Heitzmann, CNBC's, Chip, Softbank, Johnson, Heitzmann, It's Organizations: Holdings, Softbank, Nasdaq, CART, Heitzmann

☆ Stocks making the biggest moves midday: Netflix, Etsy, HP, Visa and more
▼ + stars: | 2023-09-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Striking Writers Guild of America members walk the picket line in front of Netflix offices in Los Angeles, July 12, 2023. Check out the companies making headlines in midday trading:Visa — The credit card behemoth's stock was trading more than 2% lower after announcing plans to change its share structure. Netflix — The streaming giant's shares slipped roughly 2% in midday trading after Chief Financial Officer Spencer Neumann said the ongoing Hollywood writers' strike is bad for business. The movie theater chain said it sold 40 million shares at an average price of $8.14, raising about $325.5 million. Etsy — The e-commerce retailer's stock rose nearly 3% after Wolfe Research upgraded Etsy to outperform from a peer perform rating, citing improving consumer spending and margins.

Persons: Semtech, Spencer Neumann, Neumann, Warren, Berkshire Hathaway, —, Samantha Subin, Pia Singh, Alex Harring Organizations: Guild of America, Netflix, Visa, FactSet, Penn Entertainment, Deutsche Bank, Penn, ESPN BET, AMC Entertainment, AMC, Wolfe Research, HP, Exxon Mobil, Chevron —, Exxon, Chevron Locations: Los Angeles, U.S, China

☆ Meta's VR technology is helping to train surgeons and treat patients, though costs remain a hurdle
▼ + stars: | 2023-09-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +14 min

David Paul Morris | Bloomberg | Getty ImagesJust days before assisting in his first major shoulder-replacement surgery last year, Dr. Jake Shine strapped on a virtual reality headset and got to work. Kettering Health Dayton is one of dozens of health systems in the U.S. working with emerging technologies like VR as one tool for helping doctors to train on and treat patients. Since the beginning of last year, Meta's Reality Labs unit, which develops the company's VR and AR, has lost over $21 billion. Meta Quest 3 VR headset. "The first virtual reality headset that I used was this big clunky headset that had all these wires it had to be connected to a laptop to function."

Persons: Mark Zuckerberg, David Paul Morris, Jake Shine, Shine, Zuckerberg, didn't, Jan Herzhoff, Brennan Spiegel, Spiegel, Caitlin Rawlins, Rawlins, there's, Brent Bamberger, Reem, she's, it's, Daboul, PrecisionOS, Danny Goel, Richard Miller, he's, Miller, They're, It's, Goel, Kettering's Bamberger, Rafael Grossmann, Grossmann, Glass, Hollie Adams Organizations: Bloomberg, Getty, Kettering Health Dayton, CNBC, Meta, VR, Facebook, Labs, Apple, Elsevier Health's, U.S . Department of Veterans Affairs, Spiegel, Software, Doctors, PrecisionOS, University of Rochester, Portsmouth Regional Hospital, Google, of Fine Locations: San Jose , California, U.S, Ohio, Sinai, Los Angeles, Cedars, New Hampshire, Mayfair , London

A view of the United Nations Climate Change Conference flags at the venue, in Bonn, Germany, June 6, 2023. "What we want to see, all of us, is a real sense of urgency about reducing CO2 emissions," Roche Vice-Chair Andre Hoffmann said. We need to show action, and I'm not sure that what I've read so far of the COP28 will be strong enough for that." Despite rapidly falling prices for renewable energy, Roche's (ROG.S) Hoffmann said much faster action was needed. "If the change is going to be that big then financial institutions, business people will reshape and they'll say my goodness there's going to be new technological institutions, there's going to be new factories, there's going to be a new economy.

Persons: Jana Rodenbusch, Hoffmann, November's, Roche, Andre Hoffmann, I'm, Eelco van der Enden, Elvis Presley, it's, Celine Herweijer, we've, Herweijer, It's, Andrew Steer, Steer, Richa Naidu, Gloria Dickie, Clara Denina, Iain Withers, Helen Reid, Alexander Smith Organizations: United Nations, REUTERS, Reuters IMPACT, Global, HSBC, Reuters, Fund, Thomson Locations: Bonn, Germany, Asia, Dubai, American, Paris

But speaking on Wednesday, the last day before the ECB's self-imposed quiet period, the Dutch, French, German and Slovak central bank chiefs all said the Governing Council's decision was still open. France's Francois Villeroy de Galhau hinted that a fresh rate hike could still come at a later date and argued that the slowdown is not a recession and that the ECB needed to persevere in its fight with inflation. Slovakia's Peter Kazimir, an outspoken policy hawk, was more explicit, arguing that another hike was still needed to tame inflation. He said the ECB could delay a rate rise to one of its autumn meetings or pull the trigger next week. "It would be wrong to bet on a rapid decrease in interest rates after the peak," Nagel told German business daily Handelsblatt.

Persons: Nagel, France's Francois Villeroy de Galhau, Peter Kazimir, Kazimir, Klaas Knot, Bundesbank, Joachim Nagel, " Nagel, Robert Holzmann, Mario Centeno, Akanksha Khushi, Catherine Evans Organizations: Central Bank, ECB, Bloomberg, Reuters Global Markets, Thomson Locations: FRANKFURT, PARIS, Slovak

☆ Chinese EVs are now seen posing a 'real threat' to Europe's auto industry
▼ + stars: | 2023-09-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesChinese electric vehicles pose "a real threat" to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard. Kames spoke from the IAA Mobility Conference in Munich, where the number of Chinese companies has soared since the last event. watch nowThe increase in Chinese companies in attendance shows that these firms "really have the European market … as the next market they want to conquer," Kames said. European companies are 'ready to engage'European auto manufacturers are well aware of the competition brought about by Chinese companies, Christian Kames told CNBC. "[European carmakers] get it now, that the Chinese [automakers] are a real threat.

Persons: Christian Kames, Lazard, Kames, Warren Buffet, carmaker BYD, Xpeng, Brian Gu, Luca De Meo, Monday, De Meo, China's, Chris Reitermann, CNBC's Evelyn Cheng, Reitermann Organizations: Munich, Bloomberg, Getty, IAA, IAA Mobility, CNBC, UBS, Renault, Ogilvy Asia Pacific Locations: Munich, Germany, Asia, Europe, Hangzhou, China, Swiss, European, Greater China

With the win, Germany is assured of no worse than its second-best finish in basketball’s top two international events — the World Cup and the Olympics. The Germans were third in the 2002 world championships, an event now called the World Cup, and have never placed better than seventh at an Olympics. Latvia — which has been without the injured Kristaps Porzingis — can still finish as high as fifth in its first World Cup appearance. Germany's in the semifinal of the World Cup,” Germany's Moritz Wagner said. I'm going to enjoy this and then I'm going to think about the USA tomorrow.”___AP NBA: https://apnews.com/hub/nba and AP sports: https://apnews.com/sports

Persons: Franz Wagner, ” Germany's Johannes Thiemann, Andreas Obst, Dennis Schroder, Arturs Zagars, Davis Bertans, ”, Bertans, —, Kristaps Porzingis, “, Gordie Herbert, They’ll, ” Germany's Moritz Wagner, ___ Organizations: —, Basketball, Germany —, Olympics, ”, Tuesday, Manila American Cemetery, Latvia, USA, NBA, AP Locations: MANILA, Philippines, — Germany, United States, Germany, Latvia, U.S, Abu Dhabi, basketball’s, Olympics, Italy, Europe, ” Germany, Manila, Germany's

☆ A Swedish millennial bought one of Japan's famously cheap abandoned houses. Here's how he turned the 100-year-old property into a luxury Airbnb.
▼ + stars: | 2023-09-04 | by ( Julian Ryall | ) www.businessinsider.com time to read: +7 min

Anton Wormann, a 30-year-old Swedish model, moved to Tokyo in 2019 after visiting for work. Advertisement Advertisement Watch: Inside a $12,000-a-night Airbnb in HollywoodMoving to Japan was the 'best decision'Wormann, a Swedish model, working on renovations in his Japanese house. After settling in the hip Shibuya and Sangenjaya districts of west Tokyo, Wormann told Insider he began buying cheap, neglected properties in the area and flipping them to rent for extra income. Wormann told Insider he was passing by the house and saw the owners at the site. The Sangenjaya house was completed in March, and Wormann told Insider he had his first Airbnb guests within a month.

Persons: Anton Wormann, Wormann, hadn't, Anton Wormann Wormann, shoji, Anton, Japan Wormann Organizations: Service, YouTube Locations: Tokyo, Wall, Silicon, Stockholm, Japan, New York, Milan, London, Paris, Hollywood, Swedish, Sweden

☆ Adam Driver not allowed to drive a Ferrari in his 'Ferrari' film
▼ + stars: | 2023-08-31 | by ( Crispian Balmer | ) www.reuters.com time to read: +2 min

VENICE, Aug 31 (Reuters) - Adam Driver, star of the latest film to hit Venice, "Ferrari", revealed on Thursday that he wasn't allowed to drive any of the eponymous race cars that feature in a biopic of famed Italian carmaker Enzo Ferrari. "They were the scariest things on set, but they wouldn't let me drive the cars for insurance reasons," Driver told reporters. Directed by veteran filmmaker Michael Mann, "Ferrari" features adrenalin-fuelled sequences of the red sports cars competing in the legendary Mille Miglia road race across Italy that often proved fatal for drivers and onlookers alike. While Driver was not allowed in a Ferrari, one of his co-stars, U.S. actor Patrick Dempsey, did take the wheel of exact replicas of the iconic, open-topped cars, which offered no protection to the exposed drivers. "Ferrari" is one of 23 movies competing for the prestigious Golden Lion award at the Venice Film Festival, which runs until Sept. 9.

Persons: Adam Driver, Ferrari, Enzo Ferrari, Driver, Michael Mann, Patrick Dempsey, Dempsey, Mann, Nick Mason, Pink Floyd, Crispian Balmer, Jonathan Oatis Organizations: VENICE, Maserati, Golden Lion, Venice Film, Thomson Locations: Venice, Italian, Mille, Italy

☆ Euro zone price rises steady for August but core inflation declines further
▼ + stars: | 2023-08-31 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Christine Lagarde, President of the European Central Bank (ECB), speaks during an ECB press conference in July. Inflation in the euro zone came in higher than analysts had expected for the month of August, although coming in unchanged from the previous month and complicating the role of the region's central bank. European Central Bank Member Robert Holzmann said the data shows inflation is still persistent, according to Reuters. He, one of the more hawkish members of the ECB, added that the latest figures pose a "conundrum" for the central bank. The central bank is due to meet on Sept. 14 and announce whether it is raising rates further.

Persons: Christine Lagarde, Dow Jones, Robert Holzmann, Lagarde Organizations: European Central Bank, ECB, Reuters

☆ Actor Adam Driver takes on Netflix, Amazon over strike inaction
▼ + stars: | 2023-08-31 | by ( Crispian Balmer | ) www.reuters.com time to read: +2 min

VENICE, Aug 31 (Reuters) - U.S. actor Adam Driver, in Venice to promote his new film "Ferrari", criticised streaming services Netflix (NFLX.O) and Amazon (AMZN.O) on Thursday for not giving into demands by actors' and writers' unions in a strike that has hobbled the entertainment industry. Representatives for Netflix and Amazon did not immediately respond to a request for comment. Driver has been closely associated with Netflix in the past, representing two of their films in previous Venice festivals - "White Noise" in 2022 and "Marriage Story" in 2019. Writers have been on strike since May while actors walked off the job in July. "People who worked on 'Ferrari' made it by forgoing large percentages of their salaries, in the case of Adam and myself.

Persons: Adam Driver, Ferrari, Michael Mann, Adam, Mann, Małgorzata Wojtunik, Mary Milliken, Bill Berkrot Organizations: VENICE, Netflix, SAG, Amazon, Thomson Locations: Venice, Hollywood, Los Angeles

☆ Hans Niemann reinstated by Chess.com, vows to become ‘best chess player in the world’ after alleged cheating scandal
▼ + stars: | 2023-08-30 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —American chess grandmaster Hans Niemann has been reinstated by Chess.com following the conclusion of a legal dispute between Niemann, Magnus Carlsen and the online platform, among others. In June, a US judge dismissed a $100 million defamation lawsuit filed by Niemann against Chess.com, five-time world champion Carlsen, and popular streamer and player Hikaru Nakamura. This followed an alleged cheating scandal surrounding Niemann which rocked the sport last year. “I am pleased that my lawsuit against Magnus Carlsen and Chess.com has been resolved in a mutually acceptable manner, and that I am returning to Chess.com,” Niemann said in a video posted on X, formerly Twitter. According to Niemann’s dismissed lawsuit, the dispute began in September 2022 when then world champion Carlsen accused Niemann of cheating at the Sinquefield Cup in St. Louis, Missouri.

Persons: Hans Niemann, Niemann, Magnus Carlsen, Chess.com, Carlsen, Hikaru Nakamura, ”, Hans, ” Chess.com, “, ” Niemann, Magnus, Niemann’s, José Mourinho, ” Carlsen, Pavel Mikheyev, Julius Baer, Nakamura Organizations: CNN, Chess.com, Niemann, Louis Chess Club, YouTube Locations: American, Chess.com, St, Louis , Missouri, Kazakhstan

☆ One part of China’s consumer market is holding up against a broad decline
▼ + stars: | 2023-08-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Customers enjoy food at a new Costco store in Shanghai on the first day of its trial operation on March 10. China News Service | China News Service | Getty ImagesBEIJING — If retail sales slowed this summer, it hasn't felt that way in parts of China. In the weeks around early July, New York residents David and Susan Schwartz visited three Costco stores, known as warehouses, on the outskirts of Shanghai and the neighboring city of Suzhou. China's retail sales slowed to a 2.5% year-on-year increase in July, adding to growing uncertainty about the country's future growth. Chris Reitermann CEO, Ogilvy Asia Pacific and Greater ChinaThe massive property market, where the majority of household wealth is stored, accelerated its decline in July.

Persons: hasn't, Susan Schwartz, David Schwartz, David, Susan, Malin, Goetz, Kate Spade, they're, Chris Reitermann, Ogilvy's Reitermann, Daniel Zipser Organizations: Costco, China News Service, Getty, BEIJING, U.S, Ogilvy Asia Pacific, CNBC, McKinsey Global Institute, Media, McKinsey Locations: Shanghai, China, New York, Suzhou, U.S, Hangzhou, Ningbo, York, Greater China

☆ Chess-Carlsen and Niemann settle dispute over cheating claims
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Magnus Carlsen of Norway sits in front of a chess board during a game. Chess.com banned Niemann and later published a report saying he had likely cheated more than 100 times in online games. Niemann has admitted to cheating online when he was 12 and 16-years-old, but denied any wrongdoing while contesting over-the-board games. Weeks after the Sinquefield Cup, Carlsen refused to play in an online game against Niemann, opting instead to resign after just one move. "I am willing to play Niemann in future events, should we be paired together."

Persons: Magnus Carlsen of Norway, Pavel Mikheyev, Norway's Magnus Carlsen, Hans Niemann, Niemann, Carlsen, Chess.com, Hikaru Nakamura, Magnus, Weeks, Hritika Sharma, Peter Rutherford Organizations: FIDE, REUTERS, Sinquefield, American, Thomson Locations: Almaty, Kazakhstan, U.S, St, Louis , Missouri, Hyderabad

People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. Goldman's private wealth arm oversees $1 trillion in assets for ultra-high net worth clients, who have $60 million or more in investable assets. The bank can serve high net worth investors through RIA and other wealth management clients, such as Creative Planning, Goldman said. Shares of Goldman Sachs were up 1.8% in afternoon trade. Goldman Sachs & Co LLC is serving as financial advisor and Weil, Gotshal & Manages LLP is serving as legal counsel to Goldman Sachs.

Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Marc Nachmann, Nachmann, Daniel Fannon, Weil, Saeed Azhar, Manya, Marguerita Choy, Megan Davies Organizations: REUTERS, Creative Planning, United Capital Financial Partners, Wealth Management, Reuters, Jefferies, Co, Gotshal, Manya Saini, Thomson Locations: Manhattan , New York, U.S, New York, Bengaluru

☆ In a Bitter Lawsuit, Chess Combatants Agree to a Draw
▼ + stars: | 2023-08-28 | by ( Dylan Loeb Mcclain | ) www.nytimes.com time to read: +2 min

As the statement made clear, all parties in the litigation will now be allowed to “talk openly about their views,” meaning without fear of legal repercussions. It would not be surprising if people in the chess world, including Carlsen, Nakamura and Niemann, continued to weigh in. In addition, there is a looming investigation from the International Chess Federation, the game’s governing body, into the matter. At the time, the federation said it would release the report in October. We always strive to do what is best for chess, and we believe this decision to move forward together is good for the game.”

Persons: Carlsen, Niemann, “, Magnus, Nakamura, Louis, Erik Allebest, Chess.com, ” Organizations: International Chess Federation Locations: St

☆ Plastic levels in Swiss-French lake as high as world's oceans
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

FOUNEX, Switzerland Aug 25 (Reuters) - Lake Geneva, nestled at the foot of the Alps, has long been considered as a near-pristine body of water, but new research has found that its plastic pollution levels are as high as those in the oceans. Oceaneye, a Geneva-based non-profit that has for more than a decade been scouring the seas to collect plastic fragments, has turned its attention closer to home to landlocked Switzerland. [1/5]A boat of NGO Oceaneye collects plastic fragments in the water of Lake Leman in Founex near Geneva, Switzerland August 21, 2023. Microplastics derive from the breakdown of various consumer and industrial plastic waste over time and their concentrations are accumulating in the world's oceans. "When we began working on this 12 years ago and talked about plastic fragments in water, people took us for wackos and now it is a recognised problem."

Persons: Pascal Hagmann, Denis Balibouse, Hagmann, Cecile Mantovani, Emma Farge, Sharon Singleton Organizations: REUTERS, Thomson Locations: Switzerland, Lake Geneva, Geneva, Lac Leman, Lake Leman, Founex, Leman, Europe, France, Switzerland's, Evian

☆ Rosenblatt raises its Nvidia price target to a Wall Street high, sees the stock more than doubling
▼ + stars: | 2023-08-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The firm raised its price target from $800 to $1,100 — a new high among Wall Street analysts — after the chipmaker beat second-quarter estimates and issue optimistic guidance. Rosenblatt had already hiked its price target heading into this week . The new price target implies more than 133% upside from Wednesday's close. Analyst Hans Mosemann described Nvidia's AI growth story as "the mother of all cycles." However, he forecasts constraints lifting in 2025, which would then raise the company's earnings per share power to a degree not reflected in the current valuation — and justifying the price target increase.

Persons: Rosenblatt, —, Hans Mosemann, Mosemann, Hopper, L40S, Michael Bloom Organizations: Wall Street, Nvidia

☆ Lamborghini's first electric car is a badass 4-seater with over 1,000 horsepower
▼ + stars: | 2023-08-20 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

The Lanzador concept, which the company said is a "concrete vision" of the production version of the all-electric Lambo, debuted at Monterey Car Week. Lamborghini Lanzador concept LamborghiniA new tech halo for LamboThe Lanzador previews a slew of new technology for the sports car brand. Lamborghini Lanzador concept LamborghiniLambo heads into an electric futureLamborghini's Lanzador electric car is the first step into the brand's all-electric future. In addition to Lanzador, Lamborghini will also sell plug-in hybrid replacements for the Aventador and Huracan supercars, as well as the Urus SUV. Lamborghini Lanzador concept LamborghiniProduction is slated for the company's Sant'Agata Bolognese factory, which will require expansion and additional employees, the company said.

Persons: Lamborghini, Stephan Winkelmann, Winkelmann Organizations: Morning, Monterey Car, Lamborghini, Huracan

☆ Here's the trade on Nvidia ahead of earnings, according to analysts
▼ + stars: | 2023-08-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

NVDA YTD mountain NVDA has surged in 2023 Ahead of earnings Wednesday, analysts are weighing in on the forthcoming report and how to trade the earnings. Oppenheimer's Rick Schafer maintained an outperform rating on Nvidia and raised his price target to $500 per share up from $420. Elsewhere, Citi analyst Atif Malik reiterated both a buy rating and a $520 per share price target in a note last week. However, Deutsche Bank analyst Ross Seymour is more cautious on Nvidia stock heading into earnings, and reiterated a hold rating in Tuesday note. Seymour maintains a $440 per share price target, which forecasts roughly 2% upside from the stocks current trading levels.

Persons: Hans Mosesmann, Mosesmann, Oppenheimer's Rick Schafer, " Schafer, Wolfe, Chris Caso, " Caso, Atif Malik, Wall, Malik, Ross Seymour, Seymour, — CNBC's Michael Bloom Organizations: Nvidia, Rosenblatt Securities, Wolfe Research, Citi, Deutsche Bank, LT

☆ A country slightly bigger than Texas is projected to match the US population by 2050 — and it shows how radically the world is changing
▼ + stars: | 2023-08-20 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The rise is in contrast to a growing number of countries that will experience population declines. 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 PolicyIt was recently World Population Day. "The population growth is, of course, partly explained by improvement in level and access to public health," Amare said. Michael Herrmann, an economic adviser with the United Nations Population Fund, told Africa News that without proper planning, it could be difficult to care for, educate, and employ a population growing that fast. "They want to create full employment for the people, and a growing population can raise the stakes in these efforts.

Persons: António Guterres, it's, Tighisti Amare, Amare, Michael Herrmann, Hermann Organizations: Service, United Nations, Google, Africa, Chatham House, United Nations Population Fund Locations: Nigeria, Wall, Silicon, India, China, Japan, Germany, Pakistan, Indonesia, Texas, Africa, London

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