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☆ Suicide bomber kills 28, wounds 150 at mosque in NW Pakistan
  + stars: | 2023-01-30 | by ( ) www.cnbc.com   time to read: +4 min
Security personnel cordon off the site of a mosque blast inside the police headquarters in Peshawar on January 30, 2023. Police between 300 to 350 worshipers were inside the mosque when the bomber detonated his explosives. A survivor, 38-year-old police officer Meena Gul, said he was inside the mosque when the bomb went off. Former Prime Minister Imran Khan also condemned the bombing, calling it a "terrorist suicide attack" in a Twitter posting. Pakistan has witnessed a surge in militant attacks since November when the Pakistani Taliban ended their cease-fire with government forces.
☆ Investors should ignore this rally and play defense with these ETFs, BlackRock strategist says
  + stars: | 2023-01-25 | by ( Jesse Pound | ) www.cnbc.com   time to read: +3 min
Investors should avoid being lured back into riskier stocks and funds by this January rally, according to a strategist at BlackRock. Wall Street is off to a solid start in 2023, with all three major averages positive in January. But the rally petered out and the broad market index fell back to a new bear market bottom, below 3,600, in October. .SPX mountain 2022-06-01 The stock market enjoyed a short-lived rally last summer. If Chaudhuri is right, investors may be well served to stick with some of the strategies that worked last year.
☆ Electric car-makers have found a legal loophole to get their customers an extra $7,500 tax credit
  + stars: | 2023-01-25 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
The commercial EV credit comes with way fewer requirements that are far less difficult to achieve — and it could be a clever workaround for the passenger vehicle space. Finding a workaroundThe commercial credit was designed to incentivize commercial fleets to electrify. Lucid vehicles don't qualify for the new EV credit given they are priced at higher than the MSRP cap requirements. If an EV is eligible for the new tax credit through a vehicle purchase, it cannot take the credit if leased. If an EV is only eligible for the commercial tax credit through a lease, it cannot take a credit if purchased.
☆ Box office hits 'Everything Everywhere,' 'Elvis' and 'Avatar' land Oscar nominations
  + stars: | 2023-01-24 | by ( Lisa Richwine | ) www.reuters.com   time to read: +5 min
"Everything Everywhere," a science-fiction flick about an exasperated Chinese immigrant struggling to finish her taxes, landed 11 nominations, including best picture and four acting nods. Other films in the hunt for the top trophy at the Academy Awards included sequel "Avatar: The Way of Water," James Cameron's visual spectacle that currently ranks as the sixth-highest grossing movie of all time. Last year's Academy Awards ceremony, when Will Smith slapped presenter Chris Rock before winning best actor, drew about 15.4 million TV viewers, the second-smallest audience ever. Apple TV+ (AAPL.O) nabbed best picture last year for heartwarming drama "CODA." This time, Disney received the most nominations, a total of 22, for movies including "Avatar," "Banshees" and animated "Turning Red."
☆ The 10 best cities to buy a home in 2023 are all in the South
  + stars: | 2023-01-22 | by ( Mike Winters | ) www.cnbc.com   time to read: +5 min
The median price of homes in some of these markets isn't cheaper than the national median of $398,500. However, these cities scored high on other metrics such as job growth or housing supply. Here are the 10 best places to buy a home in 2023, according to NAR:1. However, this fast-growing market has strong migration gains and job growth that is nearly twice the national average. Just under 30% of renters can afford a typical home with a 10% down payment, which is almost twice the national average.
☆ The used electric car market is starting to take off as prices slowly drop
  + stars: | 2023-01-19 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
At first glance, today's product pipeline might not paint a good picture for the future of the used EV market. "If what we've produced in the last couple of years has been a rich mix, when that goes into the used market, that keeps used prices elevated as well," Dziczek said. Overall declines for used vehicle prices also generally apply to used EVs. Used EVs remain more expensive than used gas-cars, and many might not yet qualify for the used EV tax credit based on its price cap. Dealers are starting to feel incentivized to drop used EVs priced close to the cap to just below it.
☆ Analysis: Tencent bets big on WeChat Channels in push to build its own TikTok
  + stars: | 2023-01-13 | by ( Josh Ye | ) www.reuters.com   time to read: +6 min
"Tencent hopes it can turn Channels into the next WeChat Pay. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company. In November, Tencent President Martin Lau said Channels' advertising revenue was on track to reach 1 billion yuan in the fourth quarter of 2022. "For example, in Douyin or Kuaishou, you won't be able to ask your viewers to add you on WeChat. But on Channels, you can quickly add somebody on WeChat," Yang said.
☆ Ryanair CEO sees high single digit air fare rise in 'very strong' summer
  + stars: | 2023-01-12 | by ( Angelo Amante | ) www.reuters.com   time to read: +3 min
[1/4] Ryanair CEO Michael O'Leary poses for a photo after an interview with Reuters in Rome, Italy, January 12, 2023. "The outlook for the summer at the moment is very strong, strong booking, strong pricing," the CEO of Europe's largest airline by passenger numbers said in an interview after announcing new routes from Italy. "I think there is a reasonable prospect that this summer again we will see high-single digit price increases, certainly for short-haul European air travel," he said, despite risks from new variants of the coronavirus and adverse developments in Ukraine. "We don't worry too much about recession or consumer spending because that would drive more and more people to low cost airlines like Ryanair," he added. ($1 = 0.9265 euros)Reporting by Angelo Amante, editing by Jane Merriman and Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ Wall Street's competitive and rigorous internship process could use a facelift
  + stars: | 2023-01-04 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
Wall Street's version of the Hunger Games — nabbing a summer internship at an investment bank — is about to kick off. Thousands of college students are eagerly refreshing investment banks' careers pages awaiting applications to open for internships for the summer of 2024. (Yes, you read that right, this summer's internship spots have already been wrapped up for a while.) It's a process that results in young people making decisions that will set them on a certain path for years to come. Despite a difficult end to the year for the bank thanks to a costly fine, Wells' investment bank was actually among the top 10 advisors in M&A in 2022, Bloomberg reports.
☆ A 24-year-old stock trader who made over $1.4 million in 2 years shares the key shift that he says allowed him to have a 60% win ratio
  + stars: | 2022-12-26 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +6 min
Matthew Monaco learned that day trading is largely a mental process. It took him another few years of saving money and taking online trading courses before he was able to try again. A key shiftHe believes there was one key shift that helped him achieve a majority win, which was learning how to properly lose. The irony is that day trading tends to attract people that just want to get rich quickly, which is the type of mentality that will lead you to lose, he said. And with that, if they have a losing month, a losing week, a losing year, they're not deterred.
☆ Rep. Zoe Lofgren crashed Proud Boy Enrique Tarrio's January 6 deposition to ask why he called her the C-word on Telegram
  + stars: | 2022-12-24 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +9 min
Rep. Zoe Lofgren interrupted the Proud Boys' Enrique Tarrio's Capitol-riot deposition. "I see that Ms. Lofgren has come onto video," a committee lawyer whose name is redacted is recorded as saying. "I just don't understand why that's just such a big deal," Tarrio's lawyer said, dismissing Telegram as "just kind of a really nasty Irish bar scene." Tarrio told committee members: "I took it to be, like, 'Hey, the election's coming up. The Proud Boys seditious-conspiracy trial follows the November seditious-conspiracy conviction of the Oath Keepers founder Stewart Rhodes and is expected to last about six weeks.
☆ Auto execs are losing faith in electric cars
  + stars: | 2022-12-20 | 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, 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.
☆ To make cheap EVs work, automakers are replacing decades of know-how with a move from Tesla's playbook
  + stars: | 2022-12-15 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +5 min
Auto companies need EV battery supply more than ever, but the costs are adding up. Prices and a push to use local materials have carmakers investing in in-house battery supply. That means car companies are seeking an alternative and racing to secure their battery supply in the US. But the pandemic — and other disruptions, like natural disasters — shed a light on just how vulnerable that can also make auto companies. It's complicated and time-consuming, but may ultimately be the best way car companies can get closer to lowering the cost of new EVs.
☆ Elon Musk's former right-hand man is taking the next big step in his plan to make EVs cheaper by recycling old batteries
  + stars: | 2022-12-14 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +3 min
The EV battery recycling giant just announced a new plant in South Carolina. The plant will help carmakers get the materials they need to make EV batteries. With more and more demand for the materials to make these things, taking advantage of recycling can ease a supply crunch and eventually drive down costs. "The goal is to make the most sustainable battery materials," said Jackson Switzer, Redwood senior director of business development and one of Insider's 100 People Transforming Business. "To make the most sustainable battery materials, we need to get as much recycled nickel, cobalt, and lithium as we can into the front end of the system.
☆ Biden signs bill to protect same-sex and interracial marriages
  + stars: | 2022-12-13 | by ( Emma Kinery | ) www.cnbc.com   time to read: +5 min
It specifies that states must recognize same-sex marriages across state lines and that same-sex couples have the same federal benefits as any married couple. The Respect for Marriage Act does not codify same-sex marriage, though. She noted the Respect for Marriage Act will be one of the last bills she will sign as she ends her second stretch as speaker. Biden's views, like those of many Americans, shifted to support same-sex marriage over his lifetime. But in 2012 then-Vice President Biden announced his support for same-sex marriage on NBC's Meet the Press, backing the measure even before Obama did.
☆ NASA fixed a glitch on Voyager 1 after consulting 45-year-old manuals. The spacecraft was beaming information through a dead computer.
  + stars: | 2022-12-13 | by ( Paola Rosa-Aquino | ) www.businessinsider.com   time to read: +6 min
In May, NASA reported its Voyager 1 spacecraft was sending strange data back to Earth. An engineer works on an instrument for one of NASA's Voyager spacecraft, on November 18, 1976. NASA/JPL-CaltechDuring the first 12 years of the Voyager mission, thousands of engineers worked on the project, Dodd said. In late August, Voyager engineers located the source of the garbled data: the spacecraft's attitude-control system was routing information through a dead computer. NASA/JPLFrom discovering unknown moons and rings to the first direct evidence of the heliopause, the Voyager mission has helped scientists understand the cosmos.
☆ Automakers like Ford and GM are scrambling to make EVs cheaper as battery prices rise for the first time in years
  + stars: | 2022-12-07 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
Battery prices have risen this year for the first time in a decade, according to BloombergNEF. A few potential solutionsFirst, auto manufacturers are working to establish battery supply in the US, as most American players have long relied on foreign supply chains. Establishing an EV battery supply chain can't be done overnight. And, any new EV battery mix comes with trade-offs. Because of the many challenges riddling the EV battery space, prospective car-buyers shouldn't expect automaker ideas to come to light in the form of lower EV prices quickly.
☆ Crypto winners and losers from the FTX fallout, according to Bernstein
  + stars: | 2022-12-07 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Bernstein has sifted through the various sectors of the crypto industry and identified winners and losers for 2022. Crypto suffered the added handicap of the financial contagion from the collapse of Terra in the first half of the year and FTX currently. Binance, which operates in a regulatory gray zone, will eventually become the "global consolidator" of smaller off-shore exchanges, Bernstein said. While FTX taught investors about the risks of storing crypto holdings with centralized entities, revelations in the stablecoin sector went the other way around. Solana, on the other hand, took a hit, stained by the fallout of FTX, a big and early backer of Solana.
☆ World Cup 2022 top goal scorer: who could win Golden Boot?
  + stars: | 2022-12-01 | by ( ) www.reuters.com   time to read: +5 min
Dec 1 (Reuters) - The 2022 FIFA World Cup in Qatar is nearing its knockout phase. England's captain Harry Kane bagged the prize in the 2018 edition of the World Cup in Russia, where he scored six goals and led his team to the semi-finals. MARCUS RASHFORDSoccer Football - FIFA World Cup Qatar 2022 - Group B - Wales v England - Ahmad Bin Ali Stadium, Al Rayyan, Qatar - November 29, 2022 England's Marcus Rashford with manager Gareth Southgate after being substituted REUTERS/Hannah MckayThe England striker has enjoyed a dream start to his World Cup campaign in Qatar. BRUNO FERNANDESSoccer Football - FIFA World Cup Qatar 2022 - Group H - Portugal v Uruguay - Lusail Stadium, Lusail, Qatar - November 28, 2022 Portugal's Cristiano Ronaldo and Bruno Fernandes celebrate after the match REUTERS/Kai PfaffenbachPortugal's run in the World Cup in Qatar so far has been overshadowed by controversy surrounding Cristiano Ronaldo and his acrimonious departure from Manchester United. WORLD CUP TOP GOAL SCORER 2022: GOLDEN BOOT STANDINGS** Stats as of Nov. 30Compiled by Siddharth K in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.
☆ Salesforce employees say they were blindsided by Bret Taylor's departure
  + stars: | 2022-12-01 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
Today's not a typical day for the staff at Salesforce, some of whom told us they were blindsided by co-CEO Bret Taylor's decision to step down. Below, we've got details on what Salesforce employees — including now-solo CEO Marc Benioff — are saying about Taylor's announcement. Salesforce employees were blindsided by Bret Taylor's departure. The sudden announcement left many at the company feeling blindsided, employees and others close to the company told Insider. Here's what workers told us about Taylor's departure.
☆ Carmakers fighting for battery supply need ways to track EV ingredients. A new kind of 'passport' could be the answer.
  + stars: | 2022-11-25 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
A "battery passport" that traces everything from a battery's mining to recycling could help. Experts say using the battery passport could separate auto-industry winners from losers. That challenge could be alleviated by the "battery passport," a new way of documenting where all the bits of a battery come from and where they're going. In Europe, newer regulations have increased scrutiny of battery sustainability and safety. The battery passport could make it easier to get through them.
☆ Europe's heatwave may have caused more than 20,000 'excess' deaths
  + stars: | 2022-11-24 | by ( Juliette Portala | ) www.reuters.com   time to read: +2 min
Summary Higher-than-expected excess deaths from Europe's heatwaveMany deaths due to high temperature may be under-reportedHeatwaves to become more frequent and intense in futureNov 24 (Reuters) - Summer heatwaves in France, Germany, Spain and Britain led to more than 20,000 "excess" deaths, a report compiling official figures said on Thursday. A heatwave in 2003 caused more than 70,000 excess deaths across Europe, largely in France, and led many countries to implement measures such as early warning systems, asking people to check on others and opening air-conditioned schools. France reported about half of the summer's excess deaths in Western Europe, with 10,420 fatalities in total. Excess deaths reached 3,271 in England and Wales during the summer, Britain's Office of National Statistics reported. Spain recorded 4,655 heat-attributable deaths between June and August while the German health agency reported 4,500.
☆ Ron Baron runs the best mutual fund of the last five years — Here are his top picks
  + stars: | 2022-11-18 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Longtime investor Ron Baron's mutual fund has been the the biggest winner over the last five years as his top growth picks reaped outsized returns. The fund is focused on U.S. companies of any size with significant growth potential. The top holding of the fund by far is Elon Musk 's Tesla, with a 52% portfolio weighting at the end of the third quarter. Baron has been a longtime bull in Tesla . A relatively new holding Baron bought in 2019 is Iridium Communications , a long-time provider of satellite communications to specialized phones.
☆ Crypto lender BlockFi will 'explore all options' to deal with the fallout from FTX's bankruptcy after it took a $250 million loan from the exchange
  + stars: | 2022-11-14 | by ( April Joyner | ) www.businessinsider.com   time to read: +3 min
Crypto lender BlockFi said Monday that it had "significant exposure" to the bankrupt exchange FTX. FTX had given BlockFi an emergency $250 million loan in June after the summer's crypto crash. Even so, the company said, "the rumors that a majority of BlockFi assets are custodied at FTX are false." A crypto investor told Insider that Alameda Research requires several of those portfolio companies to hold assets with FTX. Alameda Research is not a BlockFi investor, but the firms are closely tied because of BlockFi's loan with FTX.
☆ Tropical Storm Nicole traverses Florida, putting Mar-a-Lago under mandatory evacuation orders just ahead of wedding for Trump's daughter Tiffany
  + stars: | 2022-11-10 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +5 min
Tiffany Trump is set to get married at Mar-a-Lago on Saturday, soon after a tropical storm hit the state. Tiffany Trump will marry fiancé Michael Boulos on Saturday at her father's Mar-a-Lago oceanfront estate in Palm Beach. Tropical Storm Nicole made landfall near Vero Beach on Wednesday morning, putting it north of Palm Beach. Tiffany Trump, 29, is the fourth child to former President Donald Trump and daughter to his ex-wife Marla Maples. Tiffany Trump works as a legal research assistant at Georgetown University Law Center.
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