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☆ Markets will rally into year-end, says Morgan Stanley's Slimmon, who names 3 stocks to buy
▼ + stars: | 2022-11-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The market will rally into the year end, but it won't be led by mega-cap tech stocks, according to Morgan Stanley's Andrew Slimmon. He added that these Big Tech stocks "floated right through" the 2008 global financial crisis because they were still gaining market share. He noted that this time, the bounce has been led by value stocks, while growth stocks drove the summer rally. The outperformance in value stocks has been pretty broad, covering energy, financials and industrials, he said. "While early, we think it makes sense to begin to nibble on early-cycle stocks ... consumer discretionary names that have been crushed," Slimmon added.

☆ Climate woes bad and getting worse faster, UN weather report says
▼ + stars: | 2022-11-06 | by ( ) www.cnbc.com time to read: +3 min

Earth's warming weather and rising seas are getting worse and doing so faster than before, the World Meteorological Organization warned Sunday in a somber note as world leaders started gathering for international climate negotiations. "The latest State of the Global Climate report is a chronicle of climate chaos," United Nations Secretary-General Antonio Guterres said. "The melting (of ice) game we have lost and also the sea level rate," WMO chief Petteri Taalas told The Associated Press. The data on sea level and average temperatures are nothing compared to how climate change has hit people in extreme weather. The rate of warming the last 15 years is 67% faster than since 1971, the report said.

☆ Ex-flight attendant: Yes, airlines lose children more than you'd think - but I help families at their darkest moment
▼ + stars: | 2022-11-06 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Airlines 'frequently' lose unaccompanied children amid disruption, a former flight attendant says. Shelly-Ann Cawley quit her job after witnessing vulnerable passengers being left uncared for. She says it's not safe for children to travel alone as they too often become a second priority. "Airlines try to minimize and cover it up but it happens pretty frequently and I've seen it across all airlines," Shelly-Ann Cawley says. "That was the last straw for me, so I quit my job and started Travelers Care and began flying with vulnerable passengers myself," Cawley said.

☆ A first-of-its-kind exercise on a Michigan highway shows the aging A-10 Warthog can still make history
▼ + stars: | 2022-11-01 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

This summer, the US Air Force conducted a first-of-its-kind test on a Michigan highway. Air Force aircraft landed on a civilian roadway for the first time during a similar exercise in August 2021. 'We own airfield ops'US Air Force combat controllers from the 21st Special Tactics Squadron at Fort Polk in Louisiana in August 2013. Parker GyokeresThe success of the exercise in Michigan hinged on a little-known career field in the US special-operations community: Combat Controllers. "Setting up an airstrip is one of the most important skill sets" that Combat Controllers have, a former Air Force Combat Controller told Insider.

[1/2] The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019. Although iPhone sales were not as strong as some analysts had targeted, they were still a record for the September quarter. Maestri said iPhone sales set a record for the September quarter, improving 10% over the prior year's quarter and exceeding the company's forecast. In China, which has experienced a sharp economic slowdown, Apple reported fourth-quarter sales of $15.5 billion. That is a gain from the prior quarter, when Apple logged sales of $14.6 billion.

Although iPhone sales were not as strong as some analysts had targeted, they were still a record for the September quarter. Minutes before Apple reported, Amazon.com AMZN.O added to tech sector misery, predicting a holiday profit slump that sent its shares down 20%. Apple's iPhone sales for the company's fiscal fourth quarter rose to $42.6 billion, when Wall Street expected sales of $43.21 billion, according to Refinitiv IBES. The company reported sales of iPads were $7.2 billion, compared with the average estimate of $7.94 billion. In China, which has experienced a sharp economic slowdown, Apple reported fourth-quarter sales of $15.5 billion.

☆ Battery-recycling startup Ascend Elements just pulled in $800 million in funding. Here's why investors are betting on it to beat out rivals like Redwood Materials.
▼ + stars: | 2022-10-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Ascend Elements wants to lead in the crucial EV-battery-recycling space. The burgeoning battery-recycling startup Ascend Elements is sitting on a fresh $800 million — and its CEO plans to spend it on beating out rivals like Redwood Materials. Redwood Materials, arguably the most-known player in the industry, saw a whopping $700 million Series C last year. Correction: October 26, 2022 — An earlier version of this story misstated the breakdown of Ascend Element's funding. The $50 million strategic investment from SK is part of the $200 million in equity funding, not in addition to it.

☆ Twitter said its most active users are in 'absolute decline' and that there's a 'devastating' loss of interest in fashion and celebrities: Reuters
▼ + stars: | 2022-10-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Twitter's most active users are declining, the company wrote in an internal report, Reuters reported. This dwindling population of active users generates half of Twitter's global revenue, the report added, per Reuters. Interest in cryptocurrencies peaked in late 2021, but subsided after this summer's crypto crash, Twitter's internal report added, per Reuters. However, the US has at least 83.4 million active Twitter users, supplying the most users out of any country, according to DataReportal, citing data collected in July by Singapore-based digital consultancy Kepios. The UK has at least 19.8 million active Twitter users, per DataReportal.

☆ How Jason Goldberg went against investors' advice amid the crypto winter and raised $3 million for his Web3 development startup Airstack
▼ + stars: | 2022-10-21 | by ( April Joyner | ) www.businessinsider.com time to read: +3 min

Cofounder and CEO Jason Goldberg launched Airstack during the depths of the crypto crash. He ignored advice to take the summer off and instead built a prototype, which caught VCs' attention. Jason Goldberg cofounded his Web3 development startup, Airstack, in May, just as crypto markets began to unravel. Airstack's technology essentially creates application programming interfaces, or APIs, for Web3 applications. It improves upon existing infrastructure such as The Graph by allowing developers to access real-time data from several Web3 applications at a time, Goldberg said.

☆ With UK leader Liz Truss quitting, here are the top contenders to replace her
▼ + stars: | 2022-10-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

"Given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party," she said in a brief speech Thursday afternoon. Here are the main contenders for the top job:Rishi SunakRishi Sunak, Britain's former finance minister and Truss' main opponent in this year's Conservative Party leadership race, is now seen as a favorite to replace her. Britain's former finance minister Rishi Sunak was Liz Truss's main opponent in this year's Conservative leadership race. Penny MordauntFormer Defense Secretary Penny Mordaunt surged to prominence during the summer's leadership race, before finishing in third place to Truss and Sunak. Leader of the House of Commons Penny Mordaunt is seen as a consensus candidate who could unite a splintered Conservative Party.

☆ Prescient or traitor? Rishi Sunak is the favourite to be next UK PM
▼ + stars: | 2022-10-20 | by ( William Schomberg | ) www.reuters.com time to read: +4 min

LONDON, Oct 20 (Reuters) - To some Conservatives, Rishi Sunak is the minister who got Britain through the COVID pandemic, to others the traitor who knifed Boris Johnson or the rival to Liz Truss who presciently warned her tax plans would bring chaos. Now he has to weigh up whether he can convince Britain's governing party he is the man to save it from chaos. With the Conservatives in turmoil, many in his party think he is the only one who can solve the party's woes. Betting firms have again made Sunak the front-runner to win the new contest although he was also the favourite in the race that Truss eventually won. In 2020, aged 39, Sunak was named finance minister just before the coronavirus pandemic hit Britain.

☆ Against investors' advice, Jason Goldberg launched a Web3 development startup in the middle of the crypto winter. Here's how he raised $3 million anyway.
▼ + stars: | 2022-10-20 | by ( April Joyner | ) www.businessinsider.com time to read: +3 min

Cofounder and CEO Jason Goldberg launched Airstack during the depths of the crypto crash. Jason Goldberg cofounded his Web3 development startup, Airstack, in May, just as crypto markets began to unravel. Airtable has raised $3 million in pre-seed funding from investors including Animal Ventures, Warburg Serres, Polygon, Genblock, Fenbushi, Resolute Ventures, WW Ventures, Tensai Capital, WestWave Ventures, Lecca Ventures, and Martin Crowley's Peoples Syndicate. Airstack's technology essentially creates application programming interfaces, or APIs, for Web3 applications. It improves upon existing infrastructure such as The Graph by allowing developers to access real-time data from several Web3 applications at a time, Goldberg said.

She will be succeeded by former Transport Secretary Grant Shapps, Downing Street confirmed roughly an hour after her announcement. Notably, Shapps did not back Prime Minister Liz Truss in this summer's leadership race and has criticized some of her policies. In a resignation letter posted to Twitter, Braverman said, "It is with the greatest regret that I am choosing to tender my resignation." In a letter to Braverman posted on the Downing Street website, Truss wrote: "I accept your resignation and respect the decision you have made. Braverman ran against Truss for the Conservative leadership race this summer but was knocked out in an early stage.

☆ Battery startup salaries revealed: How much Redwood, QuantumScape, and more pay the engineers they're desperate to hire
▼ + stars: | 2022-10-19 | by ( Alexa St. John | Alex Nicoll | ) www.businessinsider.com time to read: +3 min

The EV battery space will need to fill 10 million jobs globally by 2030. Firms like Redwood Materials, QuantumScape, and more, are searching for hundreds of workers. Battery companies are desperate for talent to meet the demand they're seeing from electric vehicle automakers — and some are paying big bucks to attract workers. Battery companies are racing to get critical materials like lithium and nickel. This need means that firms innovating all aspects of the battery value chain — including battery chemistry, materials, battery health, repurposing and more — are competing with one another to fill what the World Economic Forum expects will be 10 million jobs globally by 2030.

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☆ The EU wants to limit spiking gas prices after 'excessive' moves this summer
▼ + stars: | 2022-10-18 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

The EU is working on new measures to mitigate gas prices. The European Commission, the executive arm of the EU, proposed Tuesday setting a limit on daily gas trading levels. European natural gas prices were trading around 120 euros per megawatt hour Tuesday. A second EU official also told reporters that the commission wants to do "something meaningful, but not harmful" to the market. The EU used to import about 40% of its natural gas from Russia; that number is now at around 7%.

☆ A private jet company has hired 100 pilots and 150 mechanics this year despite a labor shortage, but its CEO says he has to pay them up to 30% more than before the pandemic
▼ + stars: | 2022-10-17 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

A private jet firm has hired 100 pilots and 150 technicians this year, despite a labor shortage. However, its CEO told Insider he now has to pay them 20-30% more than he did pre-pandemic. Market competition is driving labor costs up, flyExclusive's CEO Jim Segrave told Insider. "We've hired 150 technicians in just the last four months, and we've hired 100 pilots in 2022 already," Segrave told Insider in a phone interview. "We can hire all the pilots we want to hire, but then we got to train those pilots," Segrave told Insider.

To replace him, she appointed Jeremy Hunt, a former foreign and health secretary who had backed her rival Rishi Sunak in this summer's race to become Conservative Party leader. He is the fourth finance minister in as many months in Britain, where millions are facing a cost of living crisis. Kwarteng becomes Britain's shortest serving finance minister except for a predecessor who died suddenly in office in 1970. Christopher Chope, a veteran Conservative lawmaker and Truss supporter, said the party was now a laughing stock. "The markets have lost trust in the Conservative Party - and who can blame them?"

☆ Europe's top airport braces for potential 'busiest period' in more than 2 years, just months after summer's travel chaos
▼ + stars: | 2022-10-12 | by ( Stephen Jones | ) www.businessinsider.com time to read: +2 min

Heathrow is bracing for what could be its busiest period in more than two years this winter. The airport is consulting with airlines about managing demand during peak travel times. London's Heathrow airport was the scene of mass delays, flight cancellations, and long queues this summer. Like many other travel hubs globally it battled with labor shortages at a time when demand for travel peaked. A "seat factor cap" that limits capacity on the busiest travel days is one of the options being considered, The Telegraph reported on Tuesday.

When you buy through our links, Insider may earn an affiliate commission. The Prime Early Access Sale is here through October 12, where you can save on all kinds of fall fashion items. Just like this past summer's Prime Day, this sale features steep discounts on style staples like cozy sweatshirts, faux leather pants, and trendy blazers. Ahead of winter weather and holiday gifting, the Prime Early Access Sale is a great time to prepare for the holiday season as well. You can find live coverage of the best deals from Amazon's October Prime Day sale here.

☆ Morningstar: Stocks have rarely been this cheap, and these 33 undervalued names are the top picks heading into the fourth quarter of 2022
▼ + stars: | 2022-10-11 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +2 min

The firm shared its top 33 most undervalued stock picks going into the fourth quarter of 2022. But that doesn't mean that there's no gains to be made, said Dave Sekera, the chief US market strategist at Morningstar. "On a longer historical time frame, there have only been a few other instances when our price versus fair value metric had dropped to similar levels." On the other hand, the defensive sectors are trading relatively close to Morningstar's fair value estimates, while utilities stocks seem to skew rich versus their fair values. In note from October 4, Morningstar analysts listed their top 33 most undervalued stocks heading into the fourth quarter of the year.

Amazon's Prime Early Access Sale comes at the perfect time to save on fall styles. Keep an eye on our 24/7 coverage for more ways to save during the Prime Early Access Sale. Much like this past summer's Prime Day, the Prime Early Access Sale features steep discounts on style staples like winter jackets, cozy sweaters, and blazers fit for inside and outside of the office. Ahead of winter weather and holiday gifting, the Prime Early Access Sale is a great time to prepare for the holiday season as well. Learn more about the Prime Early Access Sale here, and shop some of the best fashion deals below.

☆ Automakers' need for EV tech has flipped a long-standing power dynamic — and these 18 battery outfits are reaping the benefits
▼ + stars: | 2022-10-05 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

The battery business is booming amid massive electric-vehicle plans across the auto industry. Car companies need more battery makers, chemistry firms, recyclers, and more. Once car companies started making their more-than $515 billion electrification plans, they began scrambling to secure battery technology and supplies. To start with, today's battery makers are struggling to churn out enough supply to power all those promised EVs. Because automakers new to the EV business lack the in-house expertise to make and manage their own batteries, talent is in short supply, too.

☆ Insiders say morale 'sucks' at electric-vehicle startups like Rivian and Lucid — and it could be a death blow for struggling Tesla wannabes
▼ + stars: | 2022-10-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +8 min

As EV startups face a storm of troubles, many employees say they're losing faith in the mission. "They kept saying, 'Tesla, Tesla, the next Tesla,'" a now former supervisor at the electric-vehicle startup said. Canoo has lost several key leaders, as have Xos, Lucid, and others. Some current and former startup workers said they had a continued appetite for industry opportunities. Are you a current or former EV startup employee?

☆ Summer's over, but the European travel season isn't
▼ + stars: | 2022-09-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

This photograph taken on August 7, 2018, shows an American Airlines Airbus A330-243 aircraft on the tarmac at Roissy-Charles de Gaulle Airport, north of Paris. It's a welcome shift for airlines as they seek to drum up revenue after travel restrictions and concerns about Covid-19 sapped demand for many European trips in 2020 and 2021. Lucrative business travel segments have been slower to return than leisure, making these trips all the more crucial. "I think there's no question that people's appetite for going to Europe has gotten longer," said Kyle Potter, executive editor of Thrifty Traveler, a travel and flight deal website. Plus, a strong U.S. dollar is making fall trips to Europe more attractive, driving down costs of everything from shopping in Milan to high-end dining in Paris or London for many U.S. travelers.

The annual energy price increase in Germany in August on average was 139%, latest producer price data showed this week. In a BDI survey of 593 businesses, more than a third said their existence was threatened by higher energy prices, up from 23% in February. Industry group VKU has also joined the chorus of concern, warning that local utilities faced insolvency due to high energy prices and possible defaults from their customers. read moreThe head of the German Chemicals Industry Association VCI on Tuesday said rising energy prices were a "huge alarm call" for Germany as a place to do business. He welcomed Buschmann's initiative to relax insolvency rules but added that suspending them outright again would be a "serious mistake".

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