How EV depreciation is clouding the electric future:
EV residuals are being buffeted as new models enter the market and sellers realize batteries have a limited ...
detroitnews.com/story/business/autos/2024/08/06/how-ev-depreciation-is-clouding-the-electric-future/74601361007/
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Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay: Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U ...
reuters.com/business/energy/oil-steadies-us-crude-stock-drawdown-opec-output-hikes-delay-2024-09-06/
Gold lacks momentum as investors cautious ahead of US jobs data: Gold was little changed on Thursday as investors kept to the sidelines ahead of U.S ...
reuters.com/markets/commodities/gold-lacks-momentum-investors-cautious-ahead-us-jobs-data-2024-09-05/
nord24 Sep 01
Hardly recognizable! This is what Bremerhaven's former Ferrari pub has become: Many Bremerhaven residents associate the vacant property on Flötenkiel with the ...
nord24.de/bremerhaven/kaum-wiederzuerkennen-das-wird-nun-aus-bremerhavens-ehemaliger-ferrari-kneipe-233527.html
Quick Glance: Revitalization of Bremerhaven's Former Ferrari Pub
- The former Ferrari pub in Bremerhaven is being revamped with new plans.
- After 25 years, the pub closed due to health issues and a decline in visitors during the pandemic.
- The new owner sought a successor after only a short period of operation.
- Husain Scharifi plans to establish a tailoring shop in the building.
Newport's oldest chip shop, Vacara's, is on the market: One of Newport's oldest chip shops is on the market as the owner is set to retire ...
southwalesargus.co.uk/news/24568550.newports-oldest-chip-shop-vacaras-market/
‘A very serious situation’: Volkswagen could close plants in Germany for the first time in history
cnn.com/2024/09/02/investing/volkswagen-factory-closure-germany/
Quick Glance: VW Management Defends Cost-Cutting Amid Employee Outcry
- The VW leadership defended its cost-cutting measures at a workforce meeting, where employees voiced strong protests.
- Production overcapacities were identified, as sales in Europe have significantly declined, with plant closures and layoffs not ruled out.
- Works council chair Daniela Cavallo announced fierce opposition to the proposed measures and called for a return to technological leadership.
- Federal Labor Minister Hubertus Heil emphasized the need to secure all locations and called for negotiations to address VW's economic challenges.
Volvo ditches pledge to sell only electric cars by 2030: Demand for battery-powered vehicles has decreased globally over concerns about cost and charging ...
irishtimes.com/business/2024/09/05/volvo-ditches-pledge-to-sell-only-electric-cars-by-2030/
Quick Glance: Volvo Cars Scales Back EV Goals for 2030
- Volvo Cars has abandoned its goal of offering only electric vehicles by 2030.
- The company anticipates that plug-in hybrids will be crucial for future profit growth.
- Increasing demand for hybrid vehicles is prompting a strategic shift in the automotive industry.
- By 2025, Volvo expects electrified cars to make up 50% to 60% of its sales volume.
Formula 1 | "Politics" and "conflicts" ruin Verstappen's performance - | Former world champion criticizes Red Bull
sport.de/news/ne7025435/formel-1--politik-und-konflikte-ruinieren-verstappens-leistung---ex-weltmeister-uebt-kritik-an-red-bull/
Formula 1 in the live ticker on RTL.de: Big surprise in Monza! Ferrari celebrates home victory
rtl.de/sport/formel-1/formel-1-im-liveticker-auf-rtl-de-fette-ueberraschung-in-monza-ferrari-feiert-heimsieg-id1794774.html
Quick Glance: Verstappen Frustrated: Red Bull's Disappointment in Monza
- Max Verstappen finished a disappointing seventh in the Monza qualifying.
- Lando Norris secured pole position, while Red Bull questions their technical setbacks since Miami.
- Despite a strong start to the season, Verstappen has not won in the last five races.
- Mercedes announced that Andrea Kimi Antonelli will replace Hamilton in 2025.
Toyota slashes EV production plans by 30% as supplier brace for impact: Toyota revealed plans to cut EV production by a third to its suppliers ...
electrek.co/2024/09/06/toyota-slashes-ev-production-plans-30-notifying-suppliers/
Baku and Singapore could be good for Ferrari, says Leclerc: Ferrari are still behind McLaren on pace but Charles Leclerc believes the next two races in ...
reuters.com/sports/formula1/baku-singapore-could-be-good-ferrari-says-leclerc-2024-09-02/
Quick Glance: Ferrari Celebrates Surprise Victory at Italian GP
- Ferrari and Charles Leclerc stunned fans with a victory at the Italian GP in Monza, executing a successful risky one-stop strategy.
- Leclerc, winning in Monza for the first time since 2019, emphasized that the victory felt as special as his first.
- The challenge came from McLaren and Red Bull, but Ferrari exceeded expectations, especially with better tire management.
- Despite the emotional win, Leclerc's team is reminded to keep expectations realistic for the upcoming races.
Volkswagen's German battery plant to stay at half capacity amid cost pressures
reuters.com/business/autos-transportation/volkswagens-german-battery-plant-stay-half-capacity-amid-cost-pressures-2024-09-06/
Chinese Lithium Producers Embrace Hedging to Manage Volatility: Chinese lithium processors are ratcheting up hedging to offset wild swings in the battery metal ...
bloomberg.com/news/articles/2024-09-05/chinese-lithium-producers-embrace-hedging-to-manage-volatility
Oasis Warn Scalped Tour Tickets Will Be Canceled: Oasis said that tickets resold outside of their fan-to-fan exchange will be canceled, with the band trying to ...
rollingstone.com/music/music-news/oasis-warns-scalped-tour-tickets-canceled-1235092923/
Quick Glance: Oasis Ticket Prices Spark Fan Frustration
- Liam Gallagher humorously commented on the inflated ticket prices for Oasis shows, which left fans frustrated.
- The band's reunion coincided with record sales of their debut album, but many fans faced issues when purchasing tickets.
- The Competition and Markets Authority is investigating Ticketmaster for potential breaches of consumer protection law regarding dynamic pricing.
- Oasis clarified that they had no control over ticket pricing and that the execution of their pricing strategy failed under high demand.
F1 to spice up Las Vegas Grand Prix with Ferrari Challenge race, ice rink: The Las Vegas Grand Prix will add a Ferrari Challenge support race to the second ...
timeslive.co.za/motoring/motorsport/2024-09-05-f1-to-spice-up-las-vegas-grand-prix-with-ferrari-challenge-race-ice-rink/
Quick Glance: Enhancements at Las Vegas GP: Ferrari and Ice Rink
- The Las Vegas Grand Prix will include a Ferrari Challenge support race to enhance the limited track action experienced last year.
- Organizers also plan to install an ice rink on the Paddock Club roof to enrich the visitor experience.
- Having a support series will help improve track conditions and identify potential issues before the F1 cars run.
- The event will be made more accessible with general admission tickets and efforts to engage the local community.
Motor Racing-Serra to join Ferrari as chassis technical director in October: French engineer Loic Serra will take over as Ferrari's chassis technical director ...
reuters.com/sports/formula1/motor-racing-serra-join-ferrari-chassis-technical-director-october-2024-09-05/
Formula 1: McLaren front wings illegal? FIA announces decision: Red Bull and Ferrari hoped to upset the competition from McLaren and Mercedes ...
sport.de/news/ne7020620/formel-1-mclaren-frontfluegel-illegal-fia-teilt-entscheidung-mit/
Bearman to replace banned Magnussen at Haas for Azerbaijan GP: Ferrari reserve Oliver Bearman will replace the banned Kevin Magnussen alongside Nico Hulkenberg ...
reuters.com/sports/formula1/bearman-replace-banned-magnussen-haas-azerbaijan-gp-2024-09-06/
US stock rally broadens as investors await Fed: A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in ...
reuters.com/markets/us/wall-st-week-ahead-us-stock-rally-broadens-investors-await-fed-2024-08-30/
Quick Glance: Indian Stocks Soar to Record Highs, Continuing Momentum
- Indian shares reached new highs, following regional gains, as investors await quarterly GDP growth data.
- The NSE Nifty 50 index rose 0.27% to 25,218.85, while the S&P BSE Sensex increased 0.23% to 82,329.79, both hitting all-time records.
- The markets are benefiting from surplus liquidity and a positive growth outlook, with a third consecutive month of gains expected.
- Investors are anticipating India's April-June growth data, with a projected slowdown to 6.9% year-on-year.
Second Southern EV battery plant joins UAW: Workers at a Tennessee battery plant have voted to join the United Auto Workers (UAW) — marking a significant victory ...
thehill.com/policy/energy-environment/4861312-uaw-unionization-battery-plant-tennessee/
Quick Glance: UAW Gains Representation at GM-LG Battery Facility
- Workers at the GM-LG joint venture Ultium Cells in Spring Hill, Tennessee, have joined the United Auto Workers (UAW).
- A majority of the 1,000 employees signed cards to join the UAW, which the company has agreed to recognize.
- This recognition follows a certified process that was completed on September 3, 2024, aimed at enhancing operational continuity.
- The Ultium facility is the second UAW-organized battery plant in the U.S. and sets a precedent for future battery job opportunities in the region.
Apple set for music, TV streaming fight in India after Airtel deal: Apple's partnership with India's second-biggest telecoms firm will give the iPhone maker a ...
reuters.com/business/media-telecom/apple-set-music-tv-streaming-fight-india-after-airtel-deal-2024-09-02/
Williams boss apologises to Mick Schumacher: Williams Formula One boss James Vowles has apologised to Mick Schumacher after saying the son of seven-times world ...
reuters.com/sports/formula1/williams-boss-apologises-mick-schumacher-2024-08-31/
Formula 1: Ferrari announces new premium sponsor for 2025: Santander will continue to sponsor Ferrari's Formula 1 car until the end of the year ...
sport.de/news/ne7017545/formel-1-ferrari-gibt-neuen-premium-sponsor-fuer-2025-bekannt/
Slowing but steady job market reported in August: In August, 142,000 jobs were added.
abcnews.go.com/US/slowing-steady-job-market-expected-september-jobs-report/story
BMW partners with Toyota to bring its first hydrogen car to market from 2028: BMW aims to bring its first hydrogen-powered vehicle onto the market in 2028 ...
timeslive.co.za/motoring/news/2024-09-05-bmw-partners-with-toyota-to-bring-its-first-hydrogen-car-to-market-from-2028/
Quick Glance: Hydrogen Cars: BMW and Toyota Explore New Horizons
- BMW plans to launch its first hydrogen fuel cell series model in 2028 in collaboration with Toyota.
- Despite low sales figures of hydrogen cars, both companies believe in technological openness and a multi-pathway approach to climate neutrality.
- The BMW CEO describes the planned vehicle as a milestone, while the hydrogen refueling infrastructure in Europe is expected to expand by 2030.
- The costs of the project will be shared between BMW and Toyota, as initial sales figures are expected to be low.
Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
cnbc.com/2024/08/28/buffetts-berkshire-hathaway-hits-1-trillion-market-value-first-us-company-outside-of-tech-to-do-so.html
Quick Glance: Berkshire Hathaway achieves $1 trillion market cap milestone
- Berkshire Hathaway, led by Warren Buffett, became the first non-tech U.S. company to reach a $1 trillion market capitalization.
- The stock rose 28% in 2024, hitting $696,502.02 on Wednesday.
- Analysts view this achievement as a testament to the company's financial strength, focusing on traditional industries.
- Buffett has recently sold stocks and raised cash reserves to $277 billion, indicating a defensive market strategy.
UK house prices post biggest annual gain since late 2022, Halifax says: British house prices rose last month at the fastest annual pace since late 2022 ...
reuters.com/world/uk/uk-house-prices-post-biggest-annual-gain-since-late-2022-halifax-says-2024-09-06/
I moved to Spain at age 70 because I couldn't afford retirement in US: I was bankrupt by age 63 because of the housing market crash in 2008. I moved to Spain ...
businessinsider.com/moved-to-spain-couldnt-afford-retirement-in-us-2024-8
Aston Martin expected to announce Adrian Newey deal next week: Adrian Newey, Formula One's star designer, is set to join Aston Martin in 2025 with the team ...
timeslive.co.za/motoring/motorsport/2024-09-05-aston-martin-expected-to-announce-adrian-newey-deal-next-week/
Dangote refinery begins petrol processing – Official: Mr Edwin did not say exactly when the gasoline would hit the local market.
premiumtimesng.com/news/top-news/730549-dangote-refinery-begins-petrol-processing-official.html
How Temu's China owner PDD stacks up against Alibaba and JD.com: Shares of China's biggest e-commerce companies - Alibaba , JD.com and PDD Holdings - were dumped ...
reuters.com/business/retail-consumer/how-does-pdd-stack-up-against-other-big-china-e-ecommerce-firms-2024-08-30/
BMW plans to bring its first hydrogen car onto the market from 2028
reuters.com/business/autos-transportation/bmw-plans-bring-its-first-hydrogen-car-onto-market-2028-2024-09-05/
US pending home sales tumble to record low in July: Contracts to buy U.S. previously owned homes dropped to a record low in July as higher prices and borrowing ...
reuters.com/markets/us/us-pending-home-sales-tumble-record-low-july-2024-08-29/
Mercedes confirms 18-year-old Andrea Kimi Antonelli as Lewis Hamilton’s replacement
cnn.com/2024/08/31/sport/andrea-kimi-antonelli-mercedes-f1-spt-intl/
Quick Glance: Antonelli to Replace Hamilton at Mercedes in 2025
- Kimi Antonelli will replace Lewis Hamilton at Mercedes in 2025.
- The 18-year-old will be the first rookie in the team in 70 years.
- Team boss Toto Wolff is optimistic about Antonelli's potential and his partnership with George Russell.
- Antonelli is the first Italian driver in Formula One since 2021 and views this opportunity as a lifelong dream.
Some may have to sell their homes: RBA governor gives economic warning: Reserve Bank governor Michele Bullock has warned some people may have to sell their homes ...
smh.com.au/politics/federal/some-will-have-to-sell-their-homes-rba-governor-gives-economic-warning-20240905-p5k80p.html
Quick Glance: RBA Governor Warns of Home Sales Amid Economic Strain
- Reserve Bank Governor Michele Bullock warned that some Australians may need to sell their homes due to high inflation and interest rates.
- She noted that around 5 percent of borrowers are in financial distress, particularly among lower-income households.
- Bullock emphasized the need to reduce inflation as household spending declines under rising costs and interest rates.
- The business sector is also feeling the strain, with increasing insolvencies and potential layoffs as firms restructure to survive.
Samsung SDI inks deal with GM to build $3.5 bln joint EV battery factory in US: South Korea's Samsung SDI said on Wednesday it has completed an agreement with ...
reuters.com/markets/deals/samsung-sdi-signs-deal-with-gm-its-joint-ev-battery-factory-us-2024-08-27/
Quick Glance: Samsung SDI and GM Forge $3.5 Billion Battery Partnership
- Samsung SDI and General Motors have finalized an agreement to construct a joint EV battery factory in Indiana.
- The two companies will invest approximately $3.5 billion in the facility, which will initially have a production capacity of 27 GWh.
- Mass production is slated to begin in 2027, with plans to expand capacity to 36 GWh.
- This collaboration highlights the commitment of both companies to advancing electric vehicle technology.
South Korea exports extend gains to 11th month, growth slows: South Korea's exports rose for an 11th straight month in August, but the pace of growth was weaker ...
reuters.com/markets/asia/south-korea-exports-extend-gains-11th-month-growth-slows-2024-09-01/
Quick Glance: South Korea's Exports Rise, Growth Slows Down
- South Korea's exports increased by 11.4% year-on-year in August, marking the eleventh consecutive month of growth.
- However, the growth rate slowed compared to the previous month and fell short of market expectations due to decreased demand for computer chips.
- Exports to the EU surged by 16.1%, while imports rose by 6.0%.
- Despite the slower growth, a record performance in exports is anticipated for this year.
2025 Aston Martin Vanquish First Look: New V-12 GT Gunning for Ferrari: It’s the fastest and most powerful front-engine Aston Martin ever built.
motortrend.com/news/2025-aston-martin-vanquish-v12-first-look-review/
Quick Glance: 2025 Aston Martin Vanquish: Ultimate V-12 GT
- The 2025 Aston Martin Vanquish features a twin-turbo 5.2-liter V-12 engine producing 824 horsepower and 738 lb-ft of torque, making it the most powerful front-engine Aston Martin to date.
- Its design merges iconic elements with modern features, showcasing a wheelbase that is 3.15 inches longer than the DB12 and a 13 percent larger grille for improved airflow.
- The interior combines premium materials with advanced technology, offering options like carbon fiber seats and custom luggage.
- With a starting price of $429,000, the Vanquish directly competes with Ferrari's 12Cilindri and is expected to be available in the U.S. early next year.
Linda Sun: A Ferrari, a Honolulu hideaway, salted duck - top NY official allegedly spied for China
bbc.com/news/articles/cgl23xlrzp2o
Nvidia's outlook fails to impress growth-hungry investors, shares fall: Nvidia's quarterly forecast on Wednesday failed to meet lofty expectations of investors ...
reuters.com/technology/nvidia-forecasts-third-quarter-revenue-above-estimates-2024-08-28/
Quick Glance: Nvidia's Disappointing Forecasts Lead to Stock Plunge
- Nvidia's shares dropped 6% following underwhelming quarterly forecasts.
- The revenue forecast for Q3 stands at $32.5 billion, with a gross margin estimated at 75%.
- CEO Huang confirmed a delay in Blackwell chip production until Q4, while demand for Hopper chips remains robust.
- Concerns about the long-term viability of generative AI investments may impact the tech market.
Volvo just launched an electric semi truck with 600 km range: Volvo just launched a new long-range version of its FH Electric semi truck, with up to 600 km (373 ...
electrek.co/2024/09/03/volvo-just-launched-an-electric-semi-truck-with-600-km-range/
FIA replies to front wing concerns, says all F1 teams comply: The FIA issued a statement Tuesday declaring that all the front wings on 2024 Formula 1 cars are ...
timeslive.co.za/motoring/motorsport/2024-09-03-fia-replies-to-front-wing-concerns-says-all-f1-teams-comply/
BMW explains why it will sell hydrogen fuel cells in 2028: BMW sees hydrogen as complementary to battery EVs on a region-by-region basis.
arstechnica.com/cars/2024/09/bmw-explains-why-it-will-sell-hydrogen-fuel-cells-in-2028/
Still for Sale, 12 Years Later: Michael Jordan’s $15 Million Mansion: The 56,000-square-foot home, with personalized Jordan flags and his name painted on the ...
on.wsj.com/3AOoxDs
Galaxy S25 Ultra dimensions leak, reveal a slim design: Samsung is expected to announce the Galaxy S25 Ultra after four months, but some of its features have ...
sammobile.com/news/galaxy-s25-ultra-dimensions-leak-slim-design/
Katy Perry motivates Orlando Bloom to do housework in a special way: Katy Perry chats openly in a podcast about her taste in men, her long-term fiancé Orlando ...
stern.de/lifestyle/leute/katy-perry-motiviert-orlando-bloom-auf-besondere-art-zu-hausarbeit-35036032.html
Formula 1: New Ferrari structure makes people sit up and take notice: As announced before the summer break, Ferrari has now presented the new structure of its ...
sport.de/news/ne7026098/formel-1-neue-ferrari-struktur-laesst-aufhorchen/
China central bank rolls over maturing loans, injects cash: China's central bank rolled over maturing medium-term loans and injected cash through its liquidity ...
reuters.com/world/china/china-central-bank-rolls-over-maturing-loans-injects-cash-2024-08-26/
Quick Glance: China's Central Bank Extends Loans, Boosts Liquidity
- The People's Bank of China rolled over maturing medium-term loans worth 300 billion yuan and injected an additional 471 billion yuan through reverse repos on Monday.
- Interest rates remained unchanged, increasing expectations for a near-term cut in the reserve requirement ratio.
- China's economy continues to struggle with a prolonged property crisis that has affected investment and consumer demand.
- The central bank aims to maintain a supportive monetary policy to promote reasonable credit growth and stabilize the economy.
Norris wins Dutch GP to end Verstappen's unbeaten home record: McLaren's Lando Norris ended Max Verstappen's unbeaten home record with a commanding ...
timeslive.co.za/motoring/motorsport/2024-08-25-norris-wins-dutch-gp-to-end-verstappens-unbeaten-home-record/
Quick Glance: Norris Surpasses Verstappen at Dutch Grand Prix
- Lando Norris claimed victory at the Dutch Grand Prix, overtaking Max Verstappen after a slow start.
- Verstappen, losing for the first time in his home race, saw his lead over Norris reduced to 70 points.
- Norris, winning for the first time from pole position, noted that his McLaren was the fastest following recent upgrades.
- Verstappen expressed concerns about Red Bull's speed and tire wear, while Norris' win narrowed the constructors' championship gap to 30 points.
Half a house for half a million dollars: Home crushed by tree hits market near Los Angeles
apnews.com/article/monrovia-california-crushed-house-for-sale-half-million-ee5184233a20e5e957c3abdbfa8d5753
Nvidia suffers record $279 billion loss in market value as Wall St drops: Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day ...
reuters.com/markets/nvidia-chip-index-tumble-investors-pause-ai-rally-2024-09-03/
Monza feels different for Hamilton ahead of Ferrari move
reuters.com/sports/formula1/monza-feels-different-hamilton-ahead-ferrari-move-2024-08-29/
2024 McLaren 750S Is Now the Quickest RWD Car to 60 MPH We've Ever Tested: The 750S coupe raced to 60 mph in 2.3 seconds, beating the previous titleholder—the ...
caranddriver.com/news/a61996026/2024-mclaren-750s-quickest-rwd-acceleration-test/
Norris has momentum as McLaren head for Monza: Lando Norris won by a mighty margin in Formula One leader Max Verstappen's Dutch backyard last weekend and the ...
reuters.com/sports/formula1/norris-has-momentum-mclaren-head-monza-2024-08-28/
Exclusive | Ben Affleck, Jennifer Lopez might lose $25M on sale of mansion following high-profile divorce: expert
nypost.com/2024/08/31/real-estate/ben-affleck-jennifer-lopez-might-lose-25m-on-sale-of-mansion-following-high-profile-divorce-expert/
Quick Glance: Affleck Reveals Lopez's Unfulfilled Longings
- Ben Affleck reflected on Jennifer Lopez's emotional wounds from childhood, emphasizing that fame and followers cannot fulfill her longing.
- In the documentary 'Greatest Love Story Never Told,' Affleck compared her need for acceptance to his struggles with alcohol.
- Lopez discussed her childhood and her drive for recognition, which motivated her to work hard and achieve success in Hollywood.
- Current divorce rumors intensified when Lopez filed for divorce on August 20, 2024, the anniversary of their second wedding.
Formula One statistics for the Italian Grand Prix: Formula One statistics for Sunday's Italian Grand Prix at Monza, round 16 of the 24-race championship:
reuters.com/sports/formula1/formula-one-statistics-italian-grand-prix-2024-08-28/
Quick Glance: Key Highlights from the 2023 Italian Grand Prix
- The Italian Grand Prix at Monza marks the 75th race in history, covering a total distance of 306.720 km over 53 laps.
- Max Verstappen emerged as the 2023 race winner, with Carlos Sainz securing pole position, and the lap record held by Rubens Barrichello since 2004.
- Verstappen leads the championship by 70 points over Lando Norris, with Red Bull 30 points ahead of McLaren in the constructors' standings.
- The Grand Prix features multiple winning teams and drivers, with Red Bull, Ferrari, McLaren, and Mercedes achieving victories this season.
UK online retailer ASOS upbeat on annual profit; to form JV with HEARTLAND: British online retailer ASOS said on Thursday it expects its annual sales to be ...
reuters.com/business/retail-consumer/uk-online-retailer-asos-upbeat-annual-profit-despite-sales-warning-2024-09-05/
Donald Trump signals backing to legalise marijuana in Florida: The US presidential hopeful appeared to signal his support, placing him at odds with other ...
bbc.com/news/articles/cq6rj3n8nrdo
Quick Glance: Trump Backs Marijuana Legalization Efforts in Florida
- Donald J. Trump indicated support for the ballot measure Amendment 3 to legalize recreational marijuana in Florida.
- He raised concerns about implementation and emphasized the need for responsible legislation to regulate public use.
- Despite his stance, he is at odds with Governor Ron DeSantis and most state Republicans who oppose the measure.
- Polls show a majority of voters favor legalization, suggesting potential ticket-splitting among voters.
Faster US settlement hit harder than expected, Citi survey says: A shift to shorter settlement for U.S. securities transactions earlier this year had a ...
reuters.com/markets/faster-us-settlement-hit-harder-than-expected-says-citi-survey-2024-09-04/
Icahn Enterprises to sell up to $400 mln worth of shares: Billionaire investor Carl Icahn's firm Icahn Enterprises has filed to sell up to $400 million ...
reuters.com/markets/deals/icahn-enterprises-sell-up-400-mln-worth-shares-2024-08-26/
Ferrari ended Newey interest to avoid bidding war with Aston Martin: Adrian Newey is set to announce a move to Aston Martin's Formula 1 team next week ...
motorsport.com/f1/news/ferrari-ended-newey-interest-to-avoid-bidding-war-with-aston-martin/10651118/
Khaleej Times Sep 05
Dubai: Mashreq Metro station to now be renamed as InsuranceMarket - News | Khaleej Times
khaleejtimes.com/uae/dubai-mashreq-metro-station-to-now-be-renamed-as-insurancemarket
Quick Glance: Mashreq Metro Station Renamed to InsuranceMarket
- Mashreq Metro Station will now be known as InsuranceMarket Metro Station, as announced by the Roads and Transport Authority (RTA).
- The name change is valid for 10 years and will be implemented from September to November this year.
- The RTA views the naming rights as part of successful public-private partnerships aimed at stimulating economic growth in Dubai.
- Avinash Babur, CEO of InsuranceMarket.ae, highlighted the significance of this collaboration for brand recognition and its positive impact on Dubai's residents and visitors.
Scientists invent filter that can recycle PFAS into renewable batteries: The University of Queensland invention can extract PFAS compounds, which are notoriously ...
abc.net.au/news/2024-09-05/scientists-invent-pfas-filter-for-battery-technology/104308214
Ferrari and Santander announce sponsorship deal to end after 2024: The deal began in 2021 as Spanish bank now targets "new partners" with Williams touted as a ...
motorsport.com/f1/news/ferrari-and-santander-announce-sponsorship-deal-to-end-after-2024/10650083/
EU new car sales flat in July as battery-electric slumps, industry body ACEA says
reuters.com/business/autos-transportation/eu-new-car-sales-flat-july-battery-electric-slumps-industry-body-acea-says-2024-08-29/
Indian auto parts maker Motherson to launch $715 million share sale, sources say: One of India's largest makers of auto parts, Samvardhana Motherson ...
reuters.com/markets/deals/indian-auto-parts-maker-motherson-launch-715-million-share-sale-sources-say-2024-09-04/
How feasible are office-to-apartment conversions in Seattle?: Around 15% of office buildings in the Seattle market are strong candidates for conversion to ...
st.news/4gaiTvE
Quick Glance: Office-to-Apartment Conversions in Seattle: Prospects and Challenges
- Converting office buildings into apartments could revitalize downtowns and address housing shortages.
- Only 15.1% of office buildings in Seattle are considered strong candidates for conversion, ranking the city ninth among 13 major markets.
- The Yardi Conversion Feasibility Index rates buildings on various criteria, with historic properties often having better conversion prospects.
- Financial considerations and factors such as walkability and transit access are critical for the conversion of office buildings.
Livengood: Trump, Republicans boxed in on beating China in EV war: Donald Trump and GOP allies are giving mixed messages about whether they want the U.S ...
detroitnews.com/story/opinion/columnists/chad-livengood/2024/08/31/donald-trump-electric-vehicles-evs-lansing-michigan-tesla-elon-musk-china-tariffs-mexico/75009908007/
This week could shift the focus of a key narrative for Harris and Trump: You know the feeling you have the second you step off a Tilt-A-Whirl? That moment when ...
cnn.com/2024/09/04/economy/economy-jobs-report-harris-trump-nightcap/
Why this Tesla investor can't get a good price for his used EV: Tesla's resale values have been in freefall since 2022 as more and more secondhand models hit the ...
businessinsider.com/used-tesla-prices-ross-gerber-ev-sales-2024-8
Quick Glance: Tesla Wins Court Ruling Against Louisiana
- Tesla has won in a U.S. appeals court against the Louisiana Motor Vehicle Commission, which has been blocking direct vehicle sales in the state.
- Several states in the U.S. have laws prohibiting direct sales of electric vehicles without third-party dealers, rooted in outdated regulations meant to protect car dealers.
- In Louisiana, Tesla filed a lawsuit in 2022 against the commission and local dealerships for colluding to deny its dealership license application.
- The appeals court determined that Tesla demonstrated bias, and the case is now being sent back to the U.S. District Court in New Orleans.
India's Raymond Lifestyle falls after debuting with $2.2 bln valuation: Indian apparel maker Raymond Lifestyle , carved out of Raymond , notched a $2 ...
reuters.com/world/india/indias-raymond-lifestyle-falls-after-debuting-with-22-bln-valuation-2024-09-05/
Honda executives expose a cruel reality of the US EV market: The Japanese automaker currently sells just one EV in their North American lineup.
thestreet.com/electric-vehicles/honda-executives-reality-ev-market
Ski-masked robbers target Ferrari, Rolls Royce drivers at Fashion Island: Two men in luxury cars were targeted by robbers at the Fashion Island mall and one ...
latimes.com/california/story/2024-08-27/robbers-fashion-island-target-luxury-car-drivers
Quick Glance: Luxury Car Drivers Robbed at Fashion Island Mall
- Two men in luxury cars were targeted by robbers at Fashion Island mall, resulting in one sustaining minor injuries.
- Police received a report at 11:26 p.m. about a robbery with possible gunfire in the mall's parking lot.
- Three masked suspects approached the men, with one believed to be armed, stealing from the Rolls-Royce driver.
- The Ferrari driver attempted to escape, but was shot at, resulting in a shattered window and an ear injury from glass.
Berkshire Hathaway hit $1 trillion market value, making it the first US non-tech company to achieve the milestone
cnn.com/2024/08/28/markets/berkshire-hathaway-one-trillion/
Quick Glance: Amazon Withdraws $115 Million Investment in Diamond Sports
- Diamond Sports Group, operator of regional sports networks, relied on Amazon's investment to avoid liquidation.
- However, Amazon has canceled its planned $115 million investment, further jeopardizing Diamond's future.
- Experts speculate that Amazon may have been dissatisfied with Diamond's evolving business plan or distracted by a recent NBA deal.
- Despite the withdrawal, Amazon could still serve as a streaming platform for Diamond's content if the company emerges from bankruptcy.
China's PDD suffers $55 bln market cap wipeout after flagging an uncertain market
reuters.com/world/china/temu-owner-pdd-holdings-misses-quarterly-revenue-estimates-2024-08-26/
August jobs report: Economy added disappointing 142,000 jobs as unemployment fell to 4.2%
usatoday.com/story/money/2024/09/06/jobs-report-august-data/75091436007/
‘Ticking time bomb’: Plunging office values alarm Washington: Fed Chair Jerome Powell has voiced concern, saying that commercial real estate risk “will be with ...
politico.com/news/2024/09/02/office-property-values-fed-00174697
Brit celebrates her 102nd birthday with a parachute jump: Manette Baillie was a little uneasy before the tandem jump; she kept her eyes closed ...
tagesanzeiger.ch/britin-feiert-ihren-102-geburtstag-mit-fallschirmsprung-429172659869
Fuel Price Hike: Transport fares soar in Kaduna: The cost of transportation for a commercial tricycle (Keke) from the Kaduna central market to Sabo was now N500 ...
premiumtimesng.com/regional/nwest/731396-fuel-price-hike-transport-fares-soar-in-kaduna.html
New Zealand house prices to rise 6% next year on lower interest rates: New Zealand house prices are forecast to reverse a recent decline and rise 6% next year as ...
reuters.com/markets/new-zealand-house-prices-rise-6-next-year-lower-interest-rates-2024-09-01/
Solar power at US schools surges, growing fourfold over the last decade: Since 2014, solar capacity at K-12 schools has more than quadrupled across the US ...
electrek.co/2024/08/27/solar-power-us-schools-surges-growing-fourfold-over-the-last-decade/
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