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Gas Stations Across Iran Crippled After Massive Cyberattack

Gas Stations Across Iran Crippled After Massive Cyberattack Iran has announced that the country's energy infrastructure was hit by a massive cyberattack on Tuesday, which left state subsidized gas stations across the country out of commission, resulting in very long lines of cars observed waiting to fill up in many towns and cities. The timing is interesting given it happened near the two year anniversary mark of deadly nationwide protests following serious gas shortages and price hikes in the fall of 2019. The 'activist' nature of the hack is further revealed in that Iranian media is reporting that a message showed up in national computer systems that were hacked that addressed Ayatollah Ali Khamenei with the words, "where is the gas?" Illustrative file image According to The Jerusalem Post, Iranian officials are already suspecting a US or Israeli intrusion: "With the exact details still hazy, there is already rife speculation about whether the purported cyberattack came from the US, Israel or a range of local Iranian anti-regime groups." There's also the possibility of well-funded Iranian opposition and dissident groups, namely the MEK, or "People's Mujahedin of Iran" - which has itself been known to work with Israel's Mossad intelligence agency. Iranian state media had confirmed the hack of crucial energy systems, earlier on Tuesday, saying that some of the problems at swamped gas stations have begun to be resolved: Local news agencies reported on Tuesday that long queues that had been formed in front of gas stations in large Iranian cities had cleared up after Oil Ministry authorities dispatched teams to the forecourts to enable offline fuel delivery. Iran’s National Virtual Space Center also issued a statement confirming that a cyberattack had targeted the online fuel delivery system in the country. "Related departments are working to fix the problem and fuel delivery services will return to normal within the next few hours," the official statement said. Oct 26—Shiraz, south-central #Iran Footage of a long line before a gas station pic.twitter.com/y9B05u8DC7 — Heshmat Alavi (@HeshmatAlavi) October 26, 2021 And according to other state sources cited in the Associated Press, the hackers had posted the phone number that's known to be a hotline run directly through Khamenei's office that handles matter related to Islamic law: State TV said Oil Ministry officials were holding an "emergency meeting" to solve the problem. Some gas stations that accept only cash and are not in the subsidy card network continued pumping fuel. The use of the number "64411" mirrored an attack in July targeting Iran’s railroad system that also saw the number displayed. Israeli cybersecurity firm Check Point later attributed the train attack to a group of hackers that called themselves Indra, after the Hindu god of war. What appears to have been targeted in the online system the government uses to ration subsidized fuel, which entitles citizens to 60 liters of gasoline per month at a price of 15,000 rials ($0.54), state media notes. No specific group or country has yet to claim responsibility for the hack, but it's clear that it's intended to stir up dissent, also as the populace struggles in the midst of crippling US-led economic sanctions intent on completely isolating the country. Tyler Durden Tue, 10/26/2021 - 12:50.....»»

Category: personnelSource: nytOct 26th, 2021

Gas Stations Across Iran Crippled After Massive Cyberattack

Gas Stations Across Iran Crippled After Massive Cyberattack Iran has announced that the country's energy infrastructure was hit by a massive cyberattack on Tuesday, which left state subsidized gas stations across the country out of commission, resulting in very long lines of cars observed waiting to fill up in many towns and cities. The timing is interesting given it happened near the two year anniversary mark of deadly nationwide protests following serious gas shortages and price hikes in the fall of 2019. The 'activist' nature of the hack is further revealed in that Iranian media is reporting that a message showed up in national computer systems that were hacked that addressed Ayatollah Ali Khamenei with the words, "where is the gas?" Illustrative file image According to The Jerusalem Post, Iranian officials are already suspecting a US or Israeli intrusion: "With the exact details still hazy, there is already rife speculation about whether the purported cyberattack came from the US, Israel or a range of local Iranian anti-regime groups." There's also the possibility of well-funded Iranian opposition and dissident groups, namely the MEK, or "People's Mujahedin of Iran" - which has itself been known to work with Israel's Mossad intelligence agency. Iranian state media had confirmed the hack of crucial energy systems, earlier on Tuesday, saying that some of the problems at swamped gas stations have begun to be resolved: Local news agencies reported on Tuesday that long queues that had been formed in front of gas stations in large Iranian cities had cleared up after Oil Ministry authorities dispatched teams to the forecourts to enable offline fuel delivery. Iran’s National Virtual Space Center also issued a statement confirming that a cyberattack had targeted the online fuel delivery system in the country. "Related departments are working to fix the problem and fuel delivery services will return to normal within the next few hours," the official statement said. Oct 26—Shiraz, south-central #Iran Footage of a long line before a gas station pic.twitter.com/y9B05u8DC7 — Heshmat Alavi (@HeshmatAlavi) October 26, 2021 And according to other state sources cited in the Associated Press, the hackers had posted the phone number that's known to be a hotline run directly through Khamenei's office that handles matter related to Islamic law: State TV said Oil Ministry officials were holding an "emergency meeting" to solve the problem. Some gas stations that accept only cash and are not in the subsidy card network continued pumping fuel. The use of the number "64411" mirrored an attack in July targeting Iran’s railroad system that also saw the number displayed. Israeli cybersecurity firm Check Point later attributed the train attack to a group of hackers that called themselves Indra, after the Hindu god of war. What appears to have been targeted in the online system the government uses to ration subsidized fuel, which entitles citizens to 60 liters of gasoline per month at a price of 15,000 rials ($0.54), state media notes. No specific group or country has yet to claim responsibility for the hack, but it's clear that it's intended to stir up dissent, also as the populace struggles in the midst of crippling US-led economic sanctions intent on completely isolating the country. Tyler Durden Tue, 10/26/2021 - 12:50.....»»

Category: personnelSource: nytOct 26th, 2021

"Perfect Storm"

"Perfect Storm" Authored by Bill Blain via MorningPorridge.com, “Frosty wind made moan, Earth stood hard as iron, Water like a stone.” Did you feel markets judder when Powell spoke? The mood has changed as markets wake up to the danger Central Banks might just start doing their jobs. As Winter begins, Europe faces a bleak energy crisis of its own making. My solution? Buy a generator! Today marks the first day of meteorological winter, and the first day of Advent – which means its ok to quietly hum Christmas songs in the office, although the Lapland convention on Christmas dictates loud Xmas jumpers remain verboten till after the ides of the month. As your December First advent surprise from the virtual Blain’s Morning Porridge Advent Calendar, enjoy this virtual Tunnocks Caramel Wafer – Scotland’s National Biscuit.. Mmmmm, they’re delicious… Lots to talk about this morning as Powell shifts the rules, bond markets get the heebie-jeebies, transitory inflation is consigned to junkpile, and markets wake up to the threat Central Banks might just start doing their jobs… A deep judder just ran down the spine of the market…. But first… It’s the first day of winter, and surprisingly in this year of climate noise, extreme events and erratic weather patterns, its 0.4 degrees colder than the average of the last decade. That, of course is terrible news for the whole of Europe. The outlook from the UK Met Office is for a wet and windy early December with possible wintery spells, before it becomes more settled around Christmas with fog and frost. Again, terrible news.. (We pay attention to the Met Office because grousing about the weather is about the UK’s only definable social skill, and the Met Office has got the biggest computers…) Why such bad news? Cold winter days mean increased energy demand… Gas prices have never been so high, supply has never been so limited, and the sources of power are looking strained. I’ve been checking out the prices of generators – they are not cheap (even more so if you want them to cut in automatically), but they are distinctly preferable to the prospect of freezing to death through the festive jollities.. The big problem for Europe this year has been Wind. Governments have bet the shop on Wind as the simple, reliable, dependable, cheap source of renewable power over the last decade. We’ve seen our mountains sprout forests of turbines, and our oceans are now jagged with wind generators. Problem is… Europe has had a very unwindy year. Some estimates are 60% less wind than normal. I’ve experienced that personally sailing this year – half a dozen regatta days where racing has been abandoned due to zero wind. Boats trying to race across the Atlantic in the “Transat” race have found little or no wind. And if it has not been “light and sh*te” as sailors say, it’s been blowing “Half-Pelicans” (apparently a Danish expression), or “dogs off chains”. Storm Arwen last week caused spectacular damage across the UK, but produced limited power – wind generators can’t cope with storms. It means Europe is going to suffer a serious energy crisis this winter. We’ve nobody to blame but ourselves. The politicians will blame Putin for using Europe’s energy crisis to threaten us, but who allowed Europe’s energy sovereignty to get to this perilous stage? The UK once held a massive Gas stockpile – but the largest facility at Rough in the North Sea was allowed to run down and close on the basis it would be cheaper not to repair it, and secure spot supplies on the global gas market. Do you feel an “doh” moment coming on? UK Govt minister Kwasi Kwarteng recently said he has no concerns about blackouts this winter – 50% of our needs come from domestic production, and 30% from Norway. When a minister says our energy supplies are secure.. well that’s why I’m buying a generator and a week’s supply of Diesel to run it. Basically, the UK has a strategic gas reserve on hand of a couple of days. If things get dicey this winter.. that generator will look a really smart idea. Across Europe Gas reserves are around 70% of normal levels. Spot demand will depend entirely how Russia plays. Putin doesn’t need Europe to buy – he’s got a ready market in China (where state industries and power companies have been specifically instructed to secure energy supplies of gas and oil at “any cost”.) Of course… if governments had woken up and smelt the coffee a few decades ago.. we’d now have modern Nuclear power stations on line – taking our base energy level up into the 60% non-fossil range. We’d have the luxury of unreliable renewables like Wind and Solar providing maybe 10% base load, and be reaping the rewards of years of development into reliable renewables like efficient heat pumps, tidal and hydro power and geothermal. We’d have a vibrant coal mining sector, producing the best metallurgical coal on the planet to make the premium steels that would be used to re-infrastucture our energy rich economy, and to build the next generation of fusion reactors.. We’d have invested in a diverse range of non-fossil, renewable power to ensure the resilience of the economy. Gas and oil power would be a memory… STOP.. NO MORE DREAMING. The die is cast. It’s going to be a cold, miserable winter… Meanwhile.. back in the USA Jay Powell has dumped “transitory”. Inflation is expect to linger into “next year”. I am sending him one of my coveted “No Sh*t Sherlock” awards. His response will be a Hawkish early taper/reduction of the asset-purchase programme, which will be announced at the Dec 14-15 Fed Meeting. Surging inflation, the new Omicron variant threat, higher rates and central banks waking up to reality – no wonder markets cratered yesterday. Reality sucks and it bites. Witness carnage in bonds yesterday and illiquidity as markets went offered only. Its only just beginning – bond traders will be weighing up increased credit risks stemming from higher debt costs, the prospects of a renewed economic shut down on the Omicron variant, sustained supply chain dislocation, and falling corporate earnings as taxes and rates rise..  When bonds crash… in Bonds there is Truth.. “Perfect storm” is a massively overused metaphor, but this might be it coming. Watch this space. Tyler Durden Wed, 12/01/2021 - 09:31.....»»

Category: blogSource: zerohedgeDec 1st, 2021

UK "Delivery Chaos" Could Spark Alcohol Shortage Ahead Of Christmas

UK "Delivery Chaos" Could Spark Alcohol Shortage Ahead Of Christmas Prime Minister Boris Johnson has taken several steps to address the shortage of truck drivers after the fuel crisis in September. Months later, and with thousands of new truck drivers, there are still fears that food, fuel, and other items might be in short supply in the run-up to Christmas.  The latest scare, due to a lack of heavy goods vehicle (HGV) drivers, is the United Kingdom could face a shortage of alcohol, according to UK Wine and Spirit Trade Association (WTSA).  WTSA sent a letter to UK Transport Secretary Grant Shapps, requesting the government take immediate action to boost HGV drivers. The letter was signed by 49 industry association members, including champagne and cognac makers Moet and Hennessy.  "There is mounting concern amongst our membership that unless urgent action is taken, we will fall deeper into delivery chaos. 49 member companies have put their name to our letter calling on the Transport Secretary to extend the temporary visa scheme and improve transport routes. "We are already seeing major delays on wine and spirit delivery times which is pushing up costs and limiting the range of products available to UK consumers. Government needs to be doing all it can to ensure British business is not operating with one hand tied behind its back over the festive season and beyond," the letter stated.  WTSA urged the government to extend temporary visas to one year for HGV drivers.  However, the UK government told CNN in a statement that it doesn't expect any alcohol shipment disruptions this holiday season.  "The government acted quickly to tackle the challenges to our supply chains, which were brought on by global pressures including the pandemic and the international shortage of HGV drivers," a government spokesperson told CNN.  The shortage of drivers caused a massive fuel crisis in September, with many gas stations running out of petrol for at least a week. The government deployed the army to transport fuel from distribution centers to fuel stations.  Even if an alcohol shortage doesn't materialize, congested supply chains and persistent inflation has led to price increases. Tyler Durden Tue, 11/30/2021 - 02:45.....»»

Category: blogSource: zerohedgeNov 30th, 2021

NIO & Shell Strike Deal to Enhance EV Driver Experience

The agreement between NIO and Shell (RDS.A) will provide EV users with superior services and experiences. NIO Inc. NIO recently announced a partnership with energy giant Royal Dutch Shell (RDS.A) to enhance the charging experience for electric vehicle (EV) customers by jointly constructing and operating a network of co-branded battery swapping stations.The agreement encompasses a plan to develop a network of 100 battery swapping stations in China by 2025, starting with two pilot sites. Further, additional battery swap stations will be installed at Shell EV charging hubs, while Shell Recharge fast chargers will be made available at NIO locations.The agreement in Europe will commence with the construction and operation of pilot stations in 2022. Further, NIO users will have access to Shell’s charging infrastructure in Europe, one of Europe’s largest roaming EV charging networks.The companies are highly optimistic about the partnership. The agreement between NIO and Shell will provide EV users with superior services and experiences.For Shell, the deal offers the advantages of NIO’s already massive network of fast-charging stations, battery swapping stations and destination chargers in China. Further, amid the heightening climate change concerns, this collaboration highlights Shell’s commitment to expedite the transition to green vehicles globally and make a worthwhile contribution to sustainable energy development.For NIO, the European leg of the deal is particularly enticing as it will enable it to expand its operations internationally. Through its partnership with Shell, the China startup will have an ally with whom it can work toward improving every aspect of the EV experience by offering Shell Recharge high-speed charging at attractive NIO locations and making battery swapping available at Shell locations.Meanwhile, NIO and Shell will continue to search for further alliance opportunities in battery asset management, fleet management, home charging services, advanced battery charging and swapping technology development as well as construction of charging facilities in China.NIO and Shell currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Key Auto Companies to Tap OnA few better-ranked stocks in the auto space include Tesla TSLA and Harley-Davidson HOG, both of which flaunt a Zacks Rank of 1.Tesla has an expected earnings growth rate of 166.96% for the current year. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 6 cents over the last 30 days.  Tesla beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missing once. TSLA has a trailing four-quarter earnings surprise of 25.38%, on average. Its shares have also rallied 90.6% over the past year.Harley-Davidson has an expected earnings growth rate of 31.75% for the current quarter. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 32 cents over the last 30 days.  Harley-Davidson beat the Zacks Consensus Estimate for earnings in three of the last four quarters while missed once. HOG has a trailing four-quarter negative earnings surprise of138.45%, on average. Its shares have dropped around 7% over the past year. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report HarleyDavidson, Inc. (HOG): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report NIO Inc. (NIO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 29th, 2021

EV Roundup: XPEV"s Q3 Results, GM"s Investment in E-Boat Startup & More

While XPeng (XPEV) cheers investors with a massive year-over-year revenue surge in Q3, General Motors (GM) makes waves by acquiring a stake in electric-boat startup Pure Watercraft. Last week, China-based electric vehicle (EV) maker XPeng Inc. XPEV reported third-quarter 2021 results and issued an upbeat fourth-quarter 2021 guidance. Its close peer NIO Inc. NIO collaborated with Royal Dutch Shell (RDS.A) to enhance the charging experience of EV drivers as they plan to jointly build 100 battery swap stations in China by 2025. XL Fleet XL, the provider of electrification technology for commercial and municipal fleets, also hogged the limelight on securing a key military contract. Meanwhile, U.S. auto giant General Motors GM made a splash with investment in an electric boating company.Last Week’s Top Stories1. XPeng reported third-quarter adjusted loss per American Depositary Share of 29 cents. The China-based EV maker posted revenues of $887.7 million, up a whopping 187.4% year over year on the back of robust deliveries. Deliveries totaled 25,666 units, skyrocketing 199.2% year over year. The P7 model constituted 76.8% of total deliveries. The bottom line was adversely impacted by escalating R&D and SG&A costs, which summed $196.2 million and $238.8 million, reflecting a year-over-year surge of 99% and 27.8%, respectively.As of Sep 30, XPEV had cash and cash equivalents of around $2.4 billion. For fourth-quarter 2021, XPeng expects deliveries in the band of 34,500-36,500 units, indicating an uptick of 166-181.5% year over year. Revenues are envisioned within RMB 7.1-RMB 7.5 billion, implying year-over-year growth of 149-163%.2. NIO announced a partnership with energy giant Shell to jointly construct and operate a network of co-branded battery swapping stations. The agreement encompasses a plan to develop a network of 100 battery swapping stations in China by 2025, starting with two pilot sites. Cooperation in Europe will commence with the construction and operation of pilot stations in 2022.The deal highlights Shell’s commitment to expedite the transition to green vehicles globally and leverages NIO’s already massive network of fast-charging stations, battery swapping stations and destination chargers in China. For NIO, the European leg of the deal is particularly enticing as it will enable it to expand operations internationally. Shell Recharge high-speed charging options at NIO sites and additional battery swapping stations at Shell locations will benefit the firms.3. XL Fleet clinched a major contract from the Department of Defense (“DoD”) to equip a slew of tactical vehicles with hybrid conversion technology over the next year. Per the pact, XL Fleet will hybridize tens of thousands of vehicles across a wide range of military applications. The contract is part of DoD’s emission-reduction efforts for its fleet of more than a quarter million U.S. Army vehicles.XL Fleet is currently developing hybrid conversion kits for deployment in the military fleet, which would help reduce emissions and boost fuel efficiency. The contract provides XL Fleet with the opportunity to become a long-term preferred choice for the government to electrify fleets. Quoting XL Fleet’s founder and President, “XL Fleet’s proven technology, flexible platform and deep experience in applying sustainable technologies to fleet vehicles make us an ideal fit for the U.S. military’s specialized needs for this project.”4. General Motors acquired a 25% stake in electric-boat startup Pure Watercraft. Per the deal, worth $150 million, General Motors will be Seattle-based Pure Watercraft’s components supplier. It will also co-develop new products and provide engineering, design and manufacturing expertise to aid the company in establishing new factories. General Motors is optimistic that its present expertise in deploying technology across rail, truck, and aerospace industries, coupled with the latest collaboration with Pure Watercraft, will effectively contribute toward zero-emission marine products.In another development, General Motors will start delivering the GMC Hummer electric pickup truck in December. The starting price is above $100,000, and it plans to add subsequent models with higher EV driving ranges and lower starting prices in 2023.General Motors currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Price PerformanceThe following table shows the price movement of some of the major EV players over the past week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Space?Stay tuned for announcements of upcoming EV models and any important updates from the red-hot industry. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report XL Fleet Corp. (XL): Get Free Report General Motors Company (GM): Free Stock Analysis Report NIO Inc. (NIO): Free Stock Analysis Report XPeng Inc. Sponsored ADR (XPEV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 29th, 2021

NY’s biggest landlords adding in-house doctors to tenant amenities

SL Green has signed a concierge medical service at 750 Third Avenue which will provide tenants with healthcare services directly within the building, including COVID-19 testing, vaccinations, annual physicals, treatment for urgent issues, mental health and more. Tenants of neighboring 485 Lexington will also be able to use the Reside... The post NY’s biggest landlords adding in-house doctors to tenant amenities appeared first on Real Estate Weekly. SL Green has signed a concierge medical service at 750 Third Avenue which will provide tenants with healthcare services directly within the building, including COVID-19 testing, vaccinations, annual physicals, treatment for urgent issues, mental health and more. Tenants of neighboring 485 Lexington will also be able to use the Reside Health facility, the company’s second in Manhattan following its opening in TF Cornerstones Carnegie Hall Tower in May. “Forward-thinking tenants are continuing to look for new, more personalized ways to address employees’ needs,” said Steven M. Durels, executive vice president and director of leasing at SL Green.  “Reside provides just that while keeping the whole building healthy and safe. We’re thrilled to welcome them to the building and to continue working with innovative organizations on behalf of our clients.” 750 THIRD AVENUE A team from Colliers arranged the multi-year agreement at 750 Third Avenue for Reside Health. Vice chairman Marcus Rayner and managing director Sam Einhorn exclusively represent Reside for its New York real estate needs. “Reside Health facilities don’t require large footprints and make extremely efficient use of space,” said Einhorn. “Unused lobby or mezzanine space, amenity floors and regular office space can all support a location that will provide landlords with long-term value and tenants with peace of mind.” Founded by Kevin Ryan, one of the country’s leading technology investors and entrepreneurs, and Komal Kothari, a Harvard-trained physician, Reside offers commercial real estate properties a unique health and wellness amenity that many landlords are actively seeking in order to help attract and retain new tenants. “This past year has reminded us just how conscious and careful we all need to be about our health,” said Dr. Kothari. “Reside’s model of providing primary care and wellness services as an amenity is the future of how commercial properties will look after their occupants. By making healthcare more accessible than ever, we help landlords create elevated experiences and safer workplaces in the post-pandemic world.” Building occupants and select other participants will be able to book same-day appointments through Reside’s app, check in electronically, and easily come down for the appointment, with no need for time-consuming travel. Unlike a typical doctor’s office, Reside Health does not have a waiting room, with its new space boasting beautiful, modern design and a spa-like feel. “Every landlord has taken steps to make the work environment healthier, from installing improved HVAC systems to placing sanitation stations around buildings,” said Rayner. “However, forward-looking landlords are using this unique moment in time to differentiate their properties by also implementing world-class health-focused amenities. As the office market continues to mount its comeback, amenities like Reside are a factor that tenants consider strongly when making their real estate decisions.” 750 Third Avenue is a Class A office property that is located just two blocks from Grand Central Station. The 34-story, LEED Silver-certified building is owned and managed by SL Green Realty, and was renovated in 1984. Notable building tenants include FTI Consulting, Ropers, Majeski, Kohn & Bentley and Sompo International. Jake Elghanayan, principal at Carnegie Hall Tower ownership, TF Cornerstone, has called Reside “the healthcare model of the future.” After welcoming the company to his building, Elghanayan said, “Now, workers will be able to see the doctor without the hassle of taking time off of work, sitting in waiting rooms or navigating massive healthcare facilities.” The post NY’s biggest landlords adding in-house doctors to tenant amenities appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyNov 19th, 2021

A new type of charging cable could charge electric cars in 5 minutes — way less than Tesla"s Superchargers

Researchers say the new cable accommodates almost five times the current of Tesla's best Superchargers thanks to a new cooling system. Mustang Mach-E GT Performance Edition.Ford Purdue University researchers say they've made a massive breakthrough in electric car charging.  Engineers funded by Ford have invented a cable that can charge a vehicle in under five minutes.  The cable has a cooling system that allows it to accommodate a higher current.  Ford and Purdue University are working on a new cable that they say could help electric cars charge up in about the amount of time it takes to fill up a gas tank.The technology is still patent-pending and the prototype cord hasn't been tested with an electric vehicle yet. But Purdue's research is a promising step toward making clean, battery-powered cars as convenient as ones that run on polluting fossil fuels. As it stands now, charging electric cars can be a slow and painful process. Charging times vary, but even the best cars under optimal conditions need to stay plugged in for around 30 minutes to slurp up enough electricity to take them from a low battery to nearly full. With a slower charger, it can take hours or days. Understandably, this is too much to bear for some people accustomed to quick fill-ups in their gas-powered cars. But Purdue engineers funded by Ford say they've made a breakthrough that could slash charging times to five minutes or less. They've done this by addressing one of the key challenges hindering charging speed: overheating. The faster current flows through a charging system, the hotter everything gets, from the battery to the charging cable. Cooling things down can allow for higher currents and faster charging — and that's exactly what Purdue has done. Researchers developed a cable that uses liquid-and-vapor cooling to accommodate a current of over 2,400 amps, almost five times that of today's most advanced EV chargers. Tesla Superchargers, Purdue says, deliver up to 520 amps. Only 1,400 amps are needed to bring charging times for large EVs down below five minutes, the researchers said.But a cool charging cable is just one piece of the puzzle, and ultra-quick charging is still a ways away. For five-minute charging to become reality, we'll need charging stations that can deliver more power and cars that can accept it. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 19th, 2021

Retail Sales See Fastest Growth in October: 4 Fund Picks

Sales across retailers in the United States grew at the fastest pace in seven months, and with the holiday season around the corner, sales are poised to hold momentum. Retail sales grew at the fastest pace since March in the United States. While it is beneficial for economic growth, the excess spending is due to inflation. However, with the holiday season just around the corner, retailers are hopeful that consumers will soon flood stores, both brick-and-mortar and online. In the light of this, investors can pick funds like Fidelity Select Retailing Portfolio FSRPX, Fidelity Select Leisure Portfolio FDLSX, Franklin DynaTech Fund Class A FKDNX and Fidelity Select Consumer Discretionary Portfolio FSCPX.On Nov 16, the U.S. Census Bureau reported that retail and food services sales rose 1.7% to $638.2 billion in October, surpassing the consensus estimate of 1.3%. October’s figure surpassed September’s slightly upwardly revised figure of 0.8% and is 16.3% higher than the same period last year.Last month’s report shows that Americans have an appetite for goods even when they are having to pay more. Online retail sales rose 4%, while department stores and electronics and appliance stores made 2.2% and 3.8% higher sales in the month. Receipts across food services and drinking places were up 3.9% in October.Consumer prices rose almost 1% in October, and with inflation rising, Americans are paying more for almost every item. In fact, supply-side constraints make products such as new cars harder to find and raise prices to record highs, although sales figures have climbed 1.8%. Gasoline prices have also edged up 3.9% and sales across gasoline stations were up 1.6% last month.On the brighter side, with the holiday season around the corner, sales across retailers are expected to hold “considerable momentum,” according to National Retail Federation (NRF) President and CEO Matthew Shay. Per NRF’s forecast, holiday sales (during November and December) this year are expected to grow between 8.5% and 10.5%, reaching $843.4-$859 billion. The faded effects of the pandemic will keep consumers hooked to online and other non-stores helping sales to grow between 11% and 15%. Additionally, per Deloitte’s survey, an average American family, especially high-income households, is expected to spend $1,463 in the holiday season, highlighting 5% growth from the same period last year.4 Mutual Funds to BuyRetail sales pick up in October, which calls for investing in the four mutual funds mentioned below. The selection includes retailers, travel & leisure service and products providers, and some technology funds engaged in online retailing and selling toys and video games.These funds carry a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy). Moreover, these funds have encouraging one and three-year returns. Additionally, the minimum initial investment is within $5000.We expect these funds to outperform their peers in the future. Remember, the goal of the Zacks Mutual Fund Rank is to guide investors to identify potential winners and losers. Unlike most fund-rating systems, the Zacks Mutual Fund Rank is not just focused on past performance but also the likely future success of the fund.The question here is: why should investors consider mutual funds? Reduced transaction costs and portfolio diversification without several commission charges associated with stock purchases are primarily why one should be parking money in mutual funds (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).Fidelity Select Retailing Portfolio fund aims for capital appreciation. This non-diversified fund invests the majority of its assets in securities of companies that merchandise finished goods and services to individual customers. FSRPX invests in both U.S. and non-U.S. stocks.This Zacks Sector-Other product has a history of positive total returns for more than 10 years. Specifically, FSRPX has returned 25.9% and 23.6% in the past three and five years, respectively. To see how this fund performed compared in its category, and other 1 and 2 Ranked Mutual Funds, please click here.Fidelity Select Retailing Portfolio has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.73%, below the category average of 0.79%.Franklin DynaTech Fund Class A aims for capital appreciation. The fund invests in common stocks of companies that the fund manager believes are leaders in innovation, take advantage of new technologies, have superior management, and benefit from new industry conditions in the dynamically changing global economy.This Zacks Sector – Tech product has a history of positive total returns for more than 10 years. Specifically, FKDNX has returned 34.6% and 29.5% in the past three and five years, respectively. To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.Franklin DynaTech Fund Class A has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.85%, below the category average of 0.99%. FKDNX has a significant investment in online retailers and gaming companies that stand to benefit during the holiday season.Fidelity Select Leisure Portfolio fund aims for capital appreciation. The fund invests at least 80% of its assets in companies that design, produce or distribute goods or services in the leisure industries. This non-diversified fund invests in both domestic and foreign stocks.This Zacks Sector-Other product has a history of positive total returns for more than 10 years. Specifically, FDLSX has three and five-year returns of 20.1% and 17.9%, respectively. To see how this fund performed compared in its category, and other 1 and 2 Ranked Mutual Funds, please click here.Fidelity Select Leisure Portfolio has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 0.77%, below the category average of 0.79%.Fidelity Select Consumer Discretionary Portfolio fund aims for capital appreciation. This non-diversified fund invests the majority of its assets in common stocks of companies that manufacture and distribute consumer discretionary goods and services. FSCPX invests in both domestic and foreign stocks.This Zacks Sector-Other product has a history of positive total returns for more than 10 years. Specifically, FSCPX has three and five-year returns of 23.8% and 20.5%, respectively. To see how this fund performed compared in its category, and other 1 and 2 Ranked Mutual Funds, please click here.Fidelity Select Consumer Discretionary Portfolio has a Zacks Mutual Fund Rank #2 and an annual expense ratio of 0.76%, below the category average of 0.79%.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FSRPX): Fund Analysis Report Get Your Free (FDLSX): Fund Analysis Report Get Your Free (FKDNX): Fund Analysis Report Get Your Free (FSCPX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report.....»»

Category: topSource: zacksNov 18th, 2021

Experts Share Their Predictions For Cybersecurity

Cybercriminal groups old and new inundated the security landscape with one major attack after another in 2021. Q3 2021 hedge fund letters, conferences and more James Carder, Chief Security Officer & Vice President of Labs A Leading Country Producing Semiconductor Chips Will Have Its Supply-Chain Compromised, Resulting In Major Shortages Of Critical Materials As we have seen with […] Cybercriminal groups old and new inundated the security landscape with one major attack after another in 2021. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more James Carder, Chief Security Officer & Vice President of Labs A Leading Country Producing Semiconductor Chips Will Have Its Supply-Chain Compromised, Resulting In Major Shortages Of Critical Materials As we have seen with the pandemic, cybercriminals will take advantage of periods of societal disruption to manipulate companies and governments for financial gain. The global chip shortage, which shows no sign of slowing down as some experts estimate it could last through the end of 2022, is another period of disruption that hackers will soon exploit. As countries seek to ramp up production, one country will be caught attempting to corner the market by using fraudulent methods to gain access to the production and supply of the leading chip-producing countries. This will result in shortages of critical supplies, as well as soaring prices for basic goods. The Supply Chain Of A Major Vaccine Manufacturer Will Be Halted By Ransomware In 2021, ransomware attacks crippled Colonial Pipeline and JBS. In 2022, cybercriminals will set their sights on carrying out a ransomware attack against one of the pharmaceutical companies producing the COVID-19 vaccine. This will interrupt the production of critical booster shots and keep many other lifesaving drugs from reaching patients. The resulting fallout will fan the flame for foreign and domestic vaccine disinformation campaigns.   Cybercriminals Will Leverage API Vulnerabilities To Breach Multiple Company Networks At Once Cyberattackers commonly use lateral movement techniques to move through an organization’s network after carrying out the initial breach. We have already seen the Russia-linked REvil ransomware-as-a-service group leverage Kaseya’s network management and remote-control software to move not only within Kaseya’s network but extend its reach to its customers. In 2022, we will see hackers seek to up-level the lateral movement concept for internal networks and apply it to an entire partner network using misconfigured APIs, which serve as a doorway from the internet into a company’s environment.  Hackers Will Blackmail Olympic Athletes During The Beijing Olympics Hackers will breach various athletes’ accounts and find incriminating email exchanges regarding the use of performance-enhancing drugs and insight into the individual’s personal life. This will result in athletes being blackmailed into helping hackers carry out cyberattacks on their home countries or face the release of incriminating evidence.   Individuals, Not Infrastructure, Will Be Top Threats At The 2022 FIFA World Cup In Qatar Joanne Wong, VP of International Marketing Qatar has made significant investments in cybersecurity ahead of the FIFA 2022 World Cup. Much of the travel and ticketing for the event have been digitized and are vulnerable to attack from cybercriminals. We predict that in addition to large-scale outages or organizational attacks, cybercriminals will also be targeting the large number of high-value visitors to the tournament. Organizers will be prepared to manage the large attack surface surrounding the tournament, but what about individuals? Phishing and social engineering will be used to steal personal and financial information that criminals can monetize. We predict that promotional emails or fake websites related to World Cup from the travel and hospitality industries will be used to capture personal data and compromise individuals. Cybercriminals will recognize the work that Qatar has done to be prepared for the tournament and may focus on exploiting human nature rather than digital infrastructure.” There Will Be A Successful Large-Scale Attack Delivered Through Open-Source Software Matt Sanders, Director of Security  Malicious actors have repeatedly demonstrated their technological aptitude at infiltrating and compromising organizations. Those same skills will be increasingly applied to the open-source software ecosystem (which welcomes all contributors), where attackers can intentionally introduce vulnerable code to widely used open-source software components. This would allow cybercriminals to exploit vulnerabilities on a massive scale, targeting companies that have built products using open-source technology without reviewing the code before copying and pasting it into their platforms. Such attacks can be extremely difficult to detect. It is likely that several instances of such attacks are already present in widely used open-source software today, which may be found in the year to come.  Updated on Nov 17, 2021, 11:15 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkNov 17th, 2021

In Response To Soaring Gas Prices, Biden Orders FTC To "Immediately" Probe "Illegal Conduct" By Oil & Gas Companies

In Response To Soaring Gas Prices, Biden Orders FTC To "Immediately" Probe "Illegal Conduct" By Oil & Gas Companies Commenting on perhaps the most absurd moment of the Xi-Biden virtual summit, which as we learned last last night, was the US president begging China to release oil from its strategic petroleum reserve (ostensibly because due to opposition by Democrats in the US such as top House Democrat Steny Hoyer, Biden can't do that), Rabobank's Michael Every said that it was "an odd power dynamic when one is a massive energy exporter, and the other a massive energy importer." Alas, it does not appear that China will rush to comply with Biden's demands, and with gasoline soaring and becoming a major political headache for the Democrats ahead of the midterms... ... Biden, or rather his handlers, are now scrambling to come up with ways to push gas prices lower. We got the latest lightbulb moment from the administration this morning, when moments ago Biden sent a letter to FTC Chair Lina Khan to call attention to "mounting evidence of anti-consumer behavior by oil and gas companies" alleging that he won't accept "hard-working Americans paying more for gas because of anti-competitive or potentially illegal conduct." It wasn't clear what if any evidence was "mounting." “I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct,” Biden said, claiming that "gasoline prices at the pump remain high, even though oil and gas companies' costs are declining" and ordered asked the FTC to "consider illegal conduct" which is costing families at the pump, urging the FTC to "immediately" use "all tools" to examine price wrongdoing. No "proof" of any wrongdoing was provided either, although we are confident that Igor Danchenko is busy creating a dossier full of "evidence" to buttress Biden's case. The letter goes on to suggest that while "prices at the pump correspond to movements in the price of unfinished gasoline, which is the main ingredient in the gas people buy at the gas station. But in the last month, the price of unfinished gasoline is down more than 5 percent while gas prices at the pump are up 3 percent in the same period. This unexplained large gap between the price of unfinished gasoline and the average price at the pump is well above the pre-pandemic average." Meanwhile, Biden goes on, "the largest oil and gas companies in America are generating significant profits off higher energy prices... they have announced plans to engage in billions of dollars of stock buybacks and dividends this year." Well... here is the answer: prices are set based on input costs and taxes, which have never been higher. Indeed, one should probably advise Biden that in addition to oil costs, taxes make up a substantial portion of the end cost of gasoline... BIDEN ASKS FTC TO USE ALL TOOLS TO EXAMINE GASOLINE PRICING WRONGDOING…..LOL, $3.42/gal average. Oil price $1.95/gal plus $0.57/gal gasoline taxes that’s almost 75% of your total cost right there Joey — GreekFire23 (@GreekFire23) November 17, 2021 ... and one should also show Biden the following chart of wholesale gas prices which may lag retail prices but always converge. According to Bloomberg, a White House official said the agency could decide to begin an investigation to collect data on how gas companies set prices, as well as data on actual pricing. Biden asked the commission to “further examine what is happening with oil and gas markets, and that you bring all of the commission’s tools to bear if you uncover any wrongdoing.” Spoiler alert: it won't find any wrongdoing. As for energy companies generating tremendous profits, where was the White House last year when all the energy companies were on the verge of failure when oil collapsed (and in the case of WTI printed negative) forcing them to take on tens of billions in debt just to survive, while gasoline was the cheapest it has been in years? Oh yes, it had everything to do with tumbling oil prices. Bottom line: this is another purely populist fishing expedition crafted to give the impression that Biden is doing "something" even if in a few weeks the FTC will advise Biden that the biggest reason why gas is so expensive - surging oil prices - has to do with the president's ludicrous "green" agenda, which has crippled investment in "dirty" fossil fuels and shut down cost-cutting pipelines across the country. Or rather it won't, as the truth tends to be frowned upon these days. As for what is really going on, we doubt anyone will be surprised to learn that this is just Biden latest attempt at scapegoating in a desperate pursuit of finding someone to blame: the Environmental Protection Agency is set to release biofuel quota levels in the coming weeks. A drop in blending requirements could help lower retail prices, but this may be marginal relative to the recent crude-price surge... and would not be at all in keeping with Biden's climate crisis narrative. And once this latest attempt to deflect responsibility for his admin's "green" policies which have crippled the US energy sector, it's clear what's coming next - 1970s style price controls... which is simply stunning considering that Brent is only at $81. What will Biden do when oil surges to $120 or higher, as so many have warned it will some time in 2022? price controls in 5... 4... 3.... *BIDEN: GAS PUMP PRICE STILL HIGH DESPITE FALLING COSTS FOR COS. *BIDEN ASKS FTC TO SCRUTINIZE OIL AND GASOLINE MARKETS — zerohedge (@zerohedge) November 17, 2021 The full letter is below. Tyler Durden Wed, 11/17/2021 - 10:38.....»»

Category: personnelSource: nytNov 17th, 2021

Rivian extends post-IPO rally to 93% with Biden expected to sign $1 trillion infrastructure bill that includes billions for EVs

The bill allocates $7.5 billion to the buildout of a network of 500,000 electric charging stations across the country. RivianRivianRivian soared as much as 16% on Monday with Biden set to sign a $1 trillion infrastructure bill.The bill will include $7.5 billion for the buildout of a network of 500,000 charging stations.Rivian is up 93% since it went public last week, pushing its valuation to about $130 billion.Rivian continued its post-IPO rally on Monday, surging as much as 16% to a record $150 per share as President Joe Biden plans to sign a $1 trillion infrastructure bill.Part of the infrastructure bill is designed to accelerate the consumer adoption of electric vehicles by building out a network of 500,000 electric charging stations across the country. The bill allocates $7.5 billion to the project, with the idea being that increased charging accessibility will lower consumers' barrier to entry in the EV space.Monday's rally in Rivian brought its post-IPO gains to 93%, based on its IPO price of $78 per share. The near week-long surge has pushed Rivian's valuation to as much as $130 billion, making it the second most valued auto-manufacturer behind Tesla and minting big gains for its early investors like Amazon and Ford.That's despite the company's expectations to generate more than $1 billion in losses on about $1 million in revenue in the third quarter, according to its SEC filings. But Rivian can count on more than 50,000 pre-orders for its luxury electric trucks and a 100,000 electric delivery van order from Amazon, as well as ever-increasing demand for EVs.Some think Rivian's sky-high valuation despite little revenues and no profits is a sure-sign that the stock market is in a massive bubble, including famed short-seller Michael Burry. Burry tweeted last week in reference to Rivian, "More speculation than the 1920s. More overvaluation than the 1990s."Rivian's valuation is in nosebleed territory, but if Tesla has taught investors anything, it's that the EV start-up has plenty to gain in the long-term if it can execute on its vision. Read the original article on Business Insider.....»»

Category: dealsSource: nytNov 15th, 2021

London"s massive public transport body is cracking down on crypto ads after meme token floki inu"s campaign flooded the city"s travel system

London's transport authority is tightening its rules on crypto ads after a campaign for an unregulated meme token sparked concerns. Missed doge? Get floki? ad spotted in the London underground. Amanda Cooper Transport for London said at the weekend it would ensure crypto ads complied with its policies from now on. "Missed Doge? Get Floki " posters appeared throughout the city's travel system, touting the unregulated meme crypto coin. S​​iân Berry, Green party London Assembly member, said Britain's Guardian crypto ads were unethical. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. London's transport authority is going to crack down on ads for cryptocurrencies after the massive campaign to tout dogecoin spinoff floki inu around the city's travel system sparked concern about unregulated assets like this one."Missed Doge? Get Floki" was the slogan splattered across London's underground stations, trains and buses in October. The three-week campaign for meme token floki inu, inspired by Elon Musk's dog, was even funded by a 4% marketing fee levied on buyers. Some critics were concerned about the fact the ads were promoting a little-known and unregulated financial asset that they said could be open to manipulation, such as pump-and-dump schemes, or fraud. There has been no evidence this far that would suggest floki inu has been subject to any such schemes. "Since 2018, we have asked our advertising partners to refer all cryptocurrency advertising to us for review prior to it running on our estate," Chris Reader, head of commercial media at Transport for London (TfL), told Insider Monday. "When reviewing copy now from cryptocurrency brands who wish to advertise on our estate, we ensure that campaigns contain sufficient information to comply with both our policy and the ASA [Advertising Standards Authority] ruling."TfL's policy stated that nothing controversial or sensitive can be advertised on its platforms among other things. This isn't the first time that a crypto advertiser has fallen foul of the rules. Earlier this year, crypto exchange Luno ran an ad campaign on the underground and on London's famous double-decker buses with the slogan "if you're seeing bitcoin on the underground, it's time to buy." Britain's advertising watchdog banned the posters, calling them "misleading and irresponsible." Speculative crypto tokens are unregulated in the UK and officials have regularly voiced their concerns about how risky they are. Charles Randell, the chair of the Financial Conduct Authority, a regulatory body, said in a speech in September: "if you buy (crypto), you should be prepared to lose all your money.""The FCA does not currently have the power to oversee how unregulated cryptoassets, like floki inu, are advertised to consumers," a spokesperson for the regulator said in an emailed response.A couple of weeks ago, fraudsters ran off with at least $2 million in a pump-and-dump scam involving the Squid Game token, which draws its name from the Netflix hit show, but is not affiliated with it. Floki inu is a legitimate cryptocurrency. But it carried warnings on its posters about the risks to potential buyers. "Where the advert says 'this is completely unregulated, you may lose all your money', they ought to have had second thoughts. I don't think cryptocurrency ads should be on the network. They're unethical," S​​iân Berry, the Green party London Assembly member told Britain's Guardian newspaper. Experts have said that one way to check the legitimacy of a coin is to find out if it has different real-world use cases. According to the floki inu website, the coin will be linked to a play-to-earn gaming metaverse called Valhalla that is under development, as well as a non-fungible token marketplace.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 15th, 2021

Is Now the Time to Invest in Space Exploration?

Outer space is getting closer all the time as a group of billionaires turn the final frontier into the next trillion-dollar investment. Jeremy highlights a few future space industries and shows how to get involved in this burgeoning area before it really takes off. The mystery of the unknown fuels us to innovate and find answers. Perhaps the biggest mystery throughout the existence of humanity has been outer space. The barriers to space exploration have been astronomical, but the technology has finally arrived and accelerated our ambitions.For the first time ever, the final frontier looks approachable for both individuals and businesses. Enterprises, with the backing of private money, are starting to acquire the resources and technology to expand their investments into the space economy.Right now might be the best time to be invested in these companies laying the groundwork for the next trillion-dollar industry.Space is Going Mainstream Just a decade ago, rocket launches were a rare occasion and when they happened, it was a big deal. But with the advancement in reusable rocket technology, we now see launches broadcast on TV monthly, as billionaire backed companies race to space.Jeff Bezos, Elon Musk and Richard Branson are fueling the push, turning their focus from their businesses here on Earth, to the stars above. Companies like SpaceX, Blue Origin and Virgin Galactic are building the foundation for what’s to come. Space tourism is not for everyone yet, but the interest is growing as the idea of visiting space is going mainstream.Of those companies, only Virgin Galactic (SPCE) is publicly traded, so it’s hard for the average investor to get full exposure. While SpaceX will likely IPO soon, many investors don’t know that there are already many under-the-radar stocks that have exposure to the space economy.Continued . . .------------------------------------------------------------------------------------------------------Space Race Riches: Little-Known Stocks with Huge Profit Potential SpaceX and Blue Origin get the headlines, but research indicates a handful of lesser-known space stocks may be much more profitable.One startup has plans to launch a rocket into space every 29 hours – 10 times faster than SpaceX. Another is a “one-stop rocket shop” already under contract to send missions to the moon, Venus and Mars. Shares are projected to spike +100%.Zacks’ just-released special report reveals 4 space stocks with extreme upside potential. Be one of the first to see it. Opportunity ends midnight Sunday, November 14.See Zacks’ Top Space Stocks Now >>------------------------------------------------------------------------------------------------------Big Bang Growth It all starts with getting there and advances in technology have made the trip to space much easier. Costs have declined significantly and reusable rockets are making a trip to space more affordable.The Space Foundation recently released a report in which it claims the global space economy rose to $447 Billion in 2020. This was up 55% over the last ten years. UBS expects that to jump another 80% by 2030.While tourism is getting all the hype, some other space sub sectors that could experience exponential growth include energy, mining, real estate and hospitality.Exploring the Space Economy It’s important to highlight two different categories before we get into the specific sub-sectors of the space economy.First, we have the space-for-earth economy. This involves goods or services that are produced in space, but made for earth. Obviously, most of the current revenues are produced in space at the moment and would fit in this category on the service side.The space-for-earth economy includes space infrastructure, human space flight, rocket launchers, cellular broadband and satellite companies.Next, we have the space-for-space economy. Here we have goods and services that are produced in space, for space. This aspect has yet to have any meaningful impact on the space economy, but that will change because of recent technology.Let's take a quick look at some future space industries.Energy – Think space-based solar power that would allow for solar to be captured 24 hours a day! Not only will energy be produced in space for us down here, but it can be fuel for the space-for-space economy.Mining – The asteroid belt between Mars and Jupiter is thought to contain a massive amount of value in raw materials. According to NASA, the belt is worth $700 quintillion or $100 billion for each human on earth. Cost remains a big hurdle to fulfill this mining dream, but the benefits boggle the mind.Real-Estate and Hospitality – In the not-so-distant future, there will be businesses that involve leasing space-in-space shelter, whether it be space stations or orbiting hotels.Tourism – The billionaire players we discussed above are leading the charge. This movement is bringing the eyeballs and the money to the space tourism industry that is needed to grow. UBS sees the space tourism market at $3B by 2030. Stocks Already Shooting for the Moon  While many new companies have yet to go public, there are a handful of stocks that investors can choose from. Check out these returns that have come over the last six months in just three space names:Stock A is a space launch company that provides satellite launch services. The stock took off back in February, moving up over 120% in just a few weeks after it came to market.  The stock has come back down to earth, but it was over 30% in October. Is it time for this one to take off again?Stock B is a spaceflight company that rocketed up over 300% this summer. It has pulled back all the way to levels seen before the move higher. Will another stock launch come into the end of the year?Stock C delivers capabilities in space infrastructure and earth intelligence. The stock started the year with a 52% move higher, but has since pulled back to 2020 levels. Is it time to get back in?In Summary Humans have always had the desire to explore the cosmos, but the barriers of cost and technology were far too great until now. Private enterprises, backed by billionaires that grew up on Sci-Fi, are building the “elevators” to space. Those that follow will expand access and take humans into the next multi-trillion-dollar economy.Don’t miss out on these opportunities as humans and investors literally go to the moon.I just released Space Exploration: The Next Trillion-Dollar Industry, a brand-new Special Report to help you capitalize on the emerging space economy. You’re invited to download it today.  In the report I highlight 4 cutting-edge stocks I believe any investor interested in space exploration needs to know about. Most investors have never heard of some of these stocks, but they’re each making tremendous contributions to the new space race.I encourage you to check out this report today. But don't delay. The deadline to download Space Exploration: The Next Trillion-Dollar Industry is midnight Sunday, November 14.See 4 space exploration stocks now >>  Good Investing,Jeremy MullinStock StrategistJeremy Mullin has been a professional trader for more than 15 years with specific expertise in profiting from patterns set by High-Frequency Traders. He is the editor of Zacks Counterstrike. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 10th, 2021

Nicaragua paid for American podcasters to "observe" an election that critics say was a sham

The government of Nicaraguan President Daniel Ortega invited friendly social media influencers to cast a favorable light on a dubious election. The Spanish word for "Murderer" covers a mural of Nicaragua's President Daniel Ortega in the capital, Managua. Esteban Felix/AP Daniel Ortega was a military commander who helped overthrow a US-backed dictator in 1979. Since returning to power in 2007, however, he has cracked down on his opposition. Many of Ortega's most prominent critics were once members of his Sandinista National Liberation Front. A "pantomime election," US President Joe Biden called it. Peru's left-wing government agreed, saying it didn't even meet "the minimum criteria" for a free and fair vote.But Craig "Pasta" Jardula, an American invited by the Nicaraguan government to observe what critics say was a formality - the reelection of leftist-revolutionary-turned-centrist-strongman Daniel Ortega - said the November 7 election was a model for self-styled "patriots" in the United States to follow, citing its requirement that voters show identification."They take election security seriously," he said.Jardula isn't just a random observer. He's a podcaster, his show The Convo Couch transcending traditional notions of left and right, from boosting Bernie Sanders during the Democratic primaries to campaigning against vaccine mandates today. On January 6, he and his cohost, Fiorella Isabel, another state-sponsored Nicaragua election observer, went to Washington, DC, and provided sympathetic coverage of Trump supporters crying fraud ("No, not at all," he said when asked if the 2020 election was free and fair).That pedigree is what led the two to Nicaragua."Our friend who invited us to come down let us know that he might be able to put a word with the foreign ministry, let them know who The Convo Couch is, what we do," Jardula told Insider. "And the foreign ministry industry let us come here as observers to see the whole process."That friend, according to Jardula, was Caleb Maupin, a political commentator at RT, the Russian state broadcaster. Moscow is a close ally of the Nicaraguan government."He thought it was important for us to get the opportunity to come here and do what we do," Jardula said.It is not clear what Maupin's relationship is to the Ortega government. On Twitter, he posted that he was there as part of a "delegation to Nicaragua," which included two others, sent by the Center for Political Innovation, a group he founded to promote "the construction of American Socialism."Neither he nor the Nicaraguan government responded to requests for comment.What appears to be clear is the benefit Managua sees in having populist "influencers" and self-styled independent journalists legitimize its election. After all, almost no one else will do that.But their observations should not be confused with those of credible witnesses. While "The Convo Couch" hosts were flown around to polling stations in Nicaragua, experienced observers from Europe and the Organization of American States were denied access, per the Associated Press, the Ortega government preferring to invite 232 "electoral companions" to witness the non-transfer of power - including a correspondent for the Iranian government's PressTV and an independent member of the European Parliament. None of the invitees were critical of the process."I am afraid this can hardly be considered credible electoral observation," Carolina Jiménez Sandoval, president of the Washington Office on Latin America, a left-leaning think tank, told Insider. Credible election observation is a "highly technical process" that requires training and monitoring that begins months, not days, before the voting itself, she said.Credible elections require free expression and political participation; in Nicaragua, critical journalists have either been denied entry or forced into exile. The government's fiercest opponents are accused of treason."Independent and impartial electoral observation would be denouncing this situation from the beginning," Jiménez said, "not applauding the complete disregard for the rule of law shown by Daniel Ortega." Craig Jardula of The Convo Couch is given a tour of a polling station in Bilwi, Nicaragua. The Convo Couch/YouTube Whatever its faults, the Ortega government - Rosario Murillo, the vice president, is his wife - has demonstrated it knows the importance of social media. Days before the election, Facebook uncovered a massive propaganda effort on its platforms aimed at discrediting the Nicaraguan government's opposition - produced, in part, by state employees working out of the postal service's headquarters in Managua.Jardula said he paid for his own flight to the Central American country, but that the Nicaragua government had "covered our rooms and food and that sort of thing." They also paid for a flight from the capital, Managua, to a polling station in the largely indigenous, northeast part of the country, allowing Jardula and his business partner to upload video of what they saw to their YouTube channel.Officially, turnout in the presidential election was 65%, with three-quarters of those who voted backing the incumbent - after all viable opposition candidates were legally barred from participating, prompting calls for a boycott (Ortega returned to power in 2007 after receiving 38% of the vote). But Urnas Abiertas, a human-rights group in Nicaragua, said its observers witnessed a turnout of less than 20%. That tracks with opinion polls that show Ortega is widely unpopular following a 2018 crackdown on protesters that saw more than 300 people killed by the government and its paramilitary forces.There were, certainly, no real lines to speak of for Sunday's vote, despite no one voting by mail - a fact that all sides agree on. "We clocked a voter at the busiest location," Jardula said. "It took that voter eight minutes to vote." Jardula believes what he witnessed was state efficiency. He says he does not believe that perception has been influenced by who paid for his stay."I don't feel like I've been swayed in any way, shape, or form," he said.Have a news tip? Email this reporter: cdavis@insider.comRead the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 9th, 2021

Semiconductor Sales Soar in Q3 on Increased Demand: 5 Winners

Growing demand for microchips amid supply crunch has been helping companies like NXP Semiconductors N.V. (NXPI), ON Semiconductor Corporation (ON) and NVIDIA Corporation (NVDA). The dream run for the semiconductor industry continued in the third quarter and the uptrend is expected to last for several months given the global shortage. According to the Semiconductor Industry Association (“SIA”), global microchip sales rose both in the third quarter as well as month over month in September.While microchip shortage has crippled the automobile, PC and electronic goods industries, semiconductor manufacturers are making the most of the situation.Semiconductor Sales Continue to SoarThe SIA announced on Nov 1 that worldwide sales of semiconductors totaled $144.8 billion in the third quarter of 2021, marking a jump of 27.6% year over year and 7.4% from the second quarter. Last quarter, the microchip industry also achieved a milestone of shipping the highest number of semiconductor units in the market’s history.Moreover, microchip sales totaled $48.3 billion in September, growing 27.6% year over year and 2.2% month over month. Chip shipments have been growing over the past several months and hit record highs as the industry continued to ramp up production on growing demand across major industries, including auto, computers and electronic goods.Sales grew across all regions on a year-over-year basis in September. Semiconductor sales grew 32.3% in Europe, 33.5% in the Americas and 27.2% in Asia Pacific. In Japan, sales jumped 24.5%, while in China it grew 24%. Month over month, sales increased 3.9% in the Americas, 2% each in Europe and Japan, 1.5% in China, 1.9% in the Asia Pacific/All Other.Semiconductor Industry to Grow FurtherThe semiconductor industry had somewhat slowed down but the pandemic worked miracles. As more people worked and learned from home, they invested in electronic items, computers and accessories. This shot up the demand for semiconductors, thus helping drive sales.The trend has continued and sales got a further thrust after the automobile industry started placing more orders on higher demand for vehicles. However, the automobile industry has now become a major casualty of the situation.As the economy reopened and automobile plants started getting back to the optimum production level, the microchip shortage posed a new roadblock. This has seen automakers cutting down production, which is impacting sales.According to an IHS Markit report, the global chip shortage could result in a vehicle production cut by 700,000 in the third quarter, as automakers continue to temporarily halt production. According to Bloomberg, this could result in a loss of $61 billion in revenues by the end of this year.However, this has been benefiting the semiconductor industry as sales continue to soar on higher demand. According to experts, the shortage can now continue into 2022 and even 2023.Our ChoicesGiven the rising demand for semiconductors and continuing supply crunch, the semiconductor industry is only likely to benefit in the near term. Below are five chip stocks that investors can gain from in the current scenario.Silicon Laboratories, Inc. SLAB is a leading provider of silicon, software and solutions for the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. They solve the electronics industry's toughest problems, providing customers with significant advantages in performance, energy savings, connectivity and design simplicity.The company’s expected earnings growth rate for next year is 11.6%. The Zacks Consensus Estimate for current-year earnings has improved 39.4% over the past 60 days. Silicon Laboratories holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.NXP Semiconductors N.V. NXPI provides high-performance, mixed-signal and standard product solutions that leverage its RF, analog, power management, interface, security, as well as digital processing expertise. The company’s expected earnings growth rate for next year is 34.5%. The Zacks Consensus Estimate for current-year earnings improved 2.4% over the past 60 days. NXP Semiconductors carries a Zacks Rank #2.ON Semiconductor Corporation ON is an original equipment manufacturer of a broad range of discrete and embedded semiconductor components.The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 12.4% over the past 60 days. ON Semiconductors holds a Zacks Rank #2.STMicroelectronics N.V. STM designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices. These are used in various microelectronic applications, including telecommunications systems, computer systems, and consumer electronics products, automotive products and industrial automation and control systems.The company’s expected earnings growth rate for the current year is 65.3%. The Zacks Consensus Estimate for current-year earnings has improved 4.7% over the past 60 days.STMicroelectronicshas a Zacks Rank #2.NVIDIA Corporation NVDA is the worldwide leader in visual computing technologies and inventor of the graphic processing unit, GPU. Over the years, the company’s focus has evolved from PC graphics to AI-based solutions that now support high-performance computing, gaming and virtual reality platforms.The company’s expected earnings growth rate for the current year is 65.6%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the past 60 days. Nvidia has a Zacks Rank #2. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report STMicroelectronics N.V. (STM): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report NXP Semiconductors N.V. (NXPI): Free Stock Analysis Report Silicon Laboratories, Inc. (SLAB): Free Stock Analysis Report ON Semiconductor Corporation (ON): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 9th, 2021

Plug Power (PLUG) to Post Q3 Earnings: What"s in the Offing?

Plug Power's (PLUG) Q3 earnings results are likely to reflect the wide popularity of fuel-cell engines. However, high costs and operating expenses, supply-chain issues and forex woes might also hurt. Plug Power Inc. PLUG is expected to release third-quarter 2021 results early next week.The company delivered better-than-expected results once in the last four quarters and missed estimates thrice. Earnings surprise for the trailing four quarters was a negative 63.24%, on average. In the last reported quarter, the company’s loss per share of 18 cents was wider than the Zacks Consensus Estimate of a loss of 7 cents.Image Source: Zacks Investment ResearchIn the past three months, shares of the company have surged 55.4% compared with the industry’s growth of 0.2%.Factors at PlayPlug Power is anticipated to have benefited from the growing adoption of fuel-cell solutions and a growing popularity of hydrogen stations in the third quarter of 2021. Strength in the company’s core material handling, on-road and stationary power markets and strong bookings in the electrolyzer business are likely to have supported its top-line performance in the quarter.Given the company’s solid product portfolio including GenDrive, GenFuel, GenSure and ProGen product lines and its efforts to expand and enhance its global presence through multiple strategic partnerships are expected to have been beneficial in the quarter. For instance, its partnership with Groupe Renault is enabling it to tap the hydrogen-powered light commercial vehicle market in Europe and the same with SK Group is allowing it to fortify its footprint in the markets of Asia. Also, it entered into a collaboration with BAE Systems for developing hydrogen-powered electric buses.The company is also expected to have gained from its investments in product development along with its focus on improving its operational productivity during the to-be-reported quarter.However, rising cost of sales and operating expenses have been a concern for Plug Power over time. In the first six months of 2021, its total cost of sales increased 110.1% year over year while total operating expenses jumped 101.7%. Also, the impacts of the coronavirus pandemic on the company’s supply chain as well as increase in labor and raw material costs are likely to have adversely impacted its margin and profitability in the to-be-reported quarter.Forex headwinds and geopolitical issues stemming from international operations might have also hurt the company’s quarterly performance.The Zacks Consensus Estimate for third-quarter loss per share is pegged at 9 cents, indicating an improvement from a loss of 11 cents recorded in the year-ago-quarter. The consensus estimate for revenues of $152 million suggests a 42.1% increase from the prior-year reported figure.Plug Power, Inc. Price and EPS Surprise Plug Power, Inc. price-eps-surprise | Plug Power, Inc. QuoteEarnings WhispersOur proven Zacks model does not predict a beat for Plug Power this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Earnings ESP: Plug Power has an Earnings ESP of -4.27% as the Most Accurate Estimate is pegged at a loss of 10 cents, wider than the Zacks Consensus Estimate of a loss of 9 cents.Zacks Rank: Plug Power carries a Zacks Rank #3, currently.Key PicksHere are some companies you may want to consider from the Zacks Industrial Products sector as our model shows that these have the right combination of elements to deliver an earnings beat this time around:Deere & Company DE has an Earnings ESP of +5.55% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Middleby Corporation MIDD has an Earnings ESP of +0.29% and a Zacks Rank of 3, currently.Tetra Tech, Inc. TTEK has an Earnings ESP of +0.50% and a Zacks Rank of 2 at present. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report Deere & Company (DE): Free Stock Analysis Report Plug Power, Inc. (PLUG): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 8th, 2021

The Controlled Demolition Of The EU

The Controlled Demolition Of The EU Authored by Marco Rocco via The Strategic Culture Foundation, Draghi represents the forced continuity wanted by the Paris-Berlin axis for the EU: the Italians wanted to leave in 2020, the solution was the former head of the ECB as Prime Minister. How long will it last, with galloping inflation and Poland as anti-EU? The EU is under attack, 360 degrees, from a variety of fronts. From the west, with the Brexit. From the south, with the Euro-weak countries in which people dream of leaving the euro, clearly crippled – perhaps I should say “looted” – by the so-called “expansive austerity” (an oxymoron) of Franco-German matrix. And now also from the northeast, with Poland put in check and fined by the EU for the sole fault of wanting to continue to “be Poland”. Above all, the galloping inflation, exogenous in origin, which in a few months will no longer be able to be contained even in Latin countries, which today are still silently experiencing governmental manipulation of consumer price indexes (I imagine that social peace will not last long; see the report on prices for September 2021 published by the MISE/Italian Ministry of Economic Development, with prices in general vertical ascent – very often even in double digits – but with inflation “only” at 2.9%, totally absurd). The above clearly points to an ongoing paradigm shift. That is, the EU engineered to live on devaluation with the Euro (much weaker than the hypothetical German mark), or with the hidden aim of transferring wealth from the Europeripheral countries to the center of the Empire, is finally in the priority need – on the core Europe side – to tame inflation before being able to export thanks to an artificially devalued currency. It is in fact clear that a country, or rather a “political continent”, without raw materials like Old Europe, is obliged to contain first of all the costs of production if it wants to hope to survive without destroying the social base on which its power is based, e.g. when inflation bites. That is to say, being tempted – on the German side – to mimic, today, with a new mark yet to come, the wise Switzerland and its franc, which has been rising steadily for months precisely in order to counter international inflationary pressures. And therefore, prospectively leaving the EU to its rubble, rubble on which Paris will certainly throw itself like a vulture, first of all on the Italian ones. All the more so if, in this context, the USA and the FED are anticipating – as is clearly happening – the events by making the dollar rise in an anti-inflationary capacity (but also having abundant raw materials in place, above all oil, a situation not unlike the times of the attack on Nixon, see De Gaulle’s provocation on the convertibility of dollars into gold and the subsequent Watergate scandal, ed.) Now then, in addition to the centrifugal drives within the EU, i.e. having as a driver the national interests of Southern Europe, mainly Italy, perfectly legitimate interests, a macro-economic context is also generating that will lead us to the epilogue expected to the title, due to inflation and related monetary policies: the controlled demolition of the EU based on the euro. It should be remembered, for example, that Rome has seen in recent years a massive reduction in its own welfare (e.g. in terms of wages); to this is added – TODAY – interest from the center of the Empire in a paradigm shift, the first time in almost 25 years. In addition, here is Poland’s recent response to the diktats of Brussels aimed at ceding superfunds (i.e. its own welfare) to EU interference; Poland clearly supported by the USA, see the so-called “Trump Base”, i.e. the US military installation in Poland recently inaugurated by the States on Polish soil. A brutal response to say the least: in this context the Polish government has announced that the largest fine imposed by the EU to a country that gravitates in its sphere of continental influence, will not be paid anyway. On the contrary Warsaw foresees a progressive enlargement of its armed forces, always with American support, a constant Anglo-Polish collaboration since the times of Brezinsky, Sikorsky and marriages in the heart of the US corporate with Polish soul (J&J above all). * * * In all this we must not underestimate the reaction of Berlin, as always upset when its plans do not follow the expected trajectory: although it has not been properly emphasized by the EU media always too pro-German, as to the Reich themes, the German move that will lead to chaos (come) is materializing before our eyes, see the incredible announcement of the German Defense Minister of military intervention in the Baltic even with the nuclear threat as anti-Russian, ie with weapons that Germans theoretically would not have (…). This exudes desperation (never forget that the German system, then survived in various ways the post WWII purges, is the same that laid the foundations for the atomic military industry 80 years ago, ed). Clearly, the US power factor remains in the background, ready to be activated if necessary to defend the stars and stripes interests. To date, however, the situation remains extremely fluid. We can however fix some stakes, as of now, to understand how we arrived to such a EUrocentric debacle, that is where we are today. And perhaps try to hypothesize some future developments. First of all, Draghi represents the real factor of continuity wanted by the EU to dampen the centrifugal pressures aimed at leaving this EU: too many people forget that only a few months ago, in 2020, the majority of Italians publicly expressed their support for an exit from the Union, as reported not without a vein of ill-concealed terror by the website german-foreign-policy.com only last year. Accomplice to the fall of Trump, instead, Draghi arrived to stop the Italian diaspora, after the media canonization of Draghi at the Rimini meeting last year, preparatory to his landing at Palazzo Chigi, thanks to the activism of the leader of the Milanese “Compagnia delle Opere” (the German Bernhard Scholz), a religious-ethical entity contiguous to Communion and Liberation and perhaps even reminiscent of the activism in German protection of Cardinal Ildefonso Schuster 75 years ago. Clearly an attempt to postpone the plan to deflagrate the EU via dollarization of Italian debt, as winked at by Giuseppe Conte in last year’s Eurogroup, behind US impetus (“…if we don’t go it alone,” said the Italian prime minister at the time, making Angela Merkel’s entourage excited). * * * In this context, it is essential to understand the genesis of Mario Draghi, a character who is grafted in a groove that is Anglo but intrinsically pro-EU. Noting that we are dealing with the area that we can roughly define as the “Cameronian world”, i.e. that pro-EU British elite that is behind the genesis, in the Peninsula, of both the 5 Star Movement and the Regeni case (no small detail, the wife of the former British Prime Minister – a Countess Astor – had a primary Christian education, ed). That is, Draghi is supported by a political-elitist area of Anglo matrix that has always been close in its interests to Paris, as German containment (to represent less summarily the address of this, let’s say, pro-European current based in the Perfect Albion, one could go back to the “Scots Guards” of Mary Stuart in the French capital, who were also in defense of Joan of Arc, ed.) Hence the natural closeness of the world that orbits around the current Italian Prime Minister towards what France represents, today especially given the expected turn of Berlin towards a more German set-up (Goethe himself depicted the printing of money as mephistophelian, diabolical, as it created inflation). Unfortunately, the above does not augur well for future Franco-Italian relations, which will certainly be to Rome’s disadvantage; a relationship that the two neighboring countries will necessarily develop from here on, that is, during the period of German meditation on what to do with the current EU, thanks to the subjugation of the Roman political class to interests that are more French than Italian. Hence the expectation of a new Franco-Italian strategic macro-agreement signed by Draghi soon, I repeat, to French advantage. Wages on EU, from 1990 to 2020: “Italy is the only European country where wages have decreased compared to 1990” – Openpolis on OECD data – at LINK In this context, with inflation now out of control, with economic growth actually close to recession if netted with the correct GDP deflator, Italian BTPs fell below a very important technical level, 150 points, only last Friday. At the end of the game, however, it will always be the Peninsula to act as a watershed in the fate of the EU, with its expected collapse of public finances, in the long term, i.e. with the markets very skeptical about the possibility of repaying the huge debt in euro (…): for your information, today the Italian GDP without undeclared activity exceeds 180% of GDP. And with a number of pensions paid by the State equal to about the same of the employees: it is not a question of Italian implosion by remaining in the euro, only of when. Finally, here creeps the Green agenda, always with Italy as center of gravity, to be saved with money borrowed from the same Italian citizens but in the name of the EU (the Recovery Fund is in lagrghissima part a loan, guaranteed in fact by the assets of Italian families), that is the total value of the PNRR of about 200 billion euros – paid in 3-4 years – of which the Recovery Fund, only about 30 billion euros are lost! In addition to the madness of mass vaccinations in Italy, now with a target of 90% vaccinated and with the de facto obligation of universal vaccination, under penalty of the impossibility of working. Even in this context we simply observe that there is a huge and obvious correlation now between vaccination madness in selected countries and technical failure, in fact, of their local pension systems (on all, Italy, France, Israel, Austria with its minimum retirement age still below 60 years on average, ed). * * * In conclusion, it is easy to expect a controlled demolition of the EU, starting with German and pro-German drives aimed at shielding themselves from international inflationary pressures by returning to a surrogate of the new mark, stronger than the euro. At the same time, the centrifugal drives within the EU, undeniable e.g. on the Italian side if you want to ensure a minimum of future prosperity to their people, will be concentrated in the Europeripheral countries, i.e. where the state welfare institutions are practically bankrupt. Only to end in an inevitable contingency of, let’s say, reduced monetary union, in which Paris – once Germany crosses the Rubicon of the return to a stronger currency – will play the card of a “Euro-CFA” with Italy as a wingman; or rather, a Euro Med (or better yet, French Euro) in which the African countries of the CFA franc are replaced by Italy and perhaps Greece. In this context, the only addendum that does not add up are the 100 US military bases in Italy, of which at least 4-5 are nuclear, together with the largest US weapons depot outside the US borders. It is not to be excluded, therefore, a renewed next American activism aimed – encore – to neutralize threats to its strategic interests; we believe that this effort will not be too dissimilar from what was the American intervention in Indochina or more properly in the Suez Canal (these facts led to an implosion of the residual French and veteran-European colonial network in the world, ed). Tyler Durden Fri, 11/05/2021 - 02:00.....»»

Category: blogSource: zerohedgeNov 5th, 2021

5 ETFs Strategies to Play in November

November kicked off on a solid note after a solid October rally. Better-than-expected corporate earnings boosted the U.S. stocks. November kicked off on a solid note after a solid October rally. Better-than-expected corporate earnings boosted the U.S. stocks, with the S&P 500 and the Nasdaq recording their best month since November 2020.The S&P 500 is up about 23.3% this year. In past years, when the S&P 500 was up more than 20% in the first 10 months of the year, the performance in November and for the remainder of the year was positive every time, according to Bespoke Investment Group, as quoted on CNBC.Historically, November has been upbeat in the stock market. According to moneychimp.com, a consensus carried out from 1950 to 2020 has revealed that November ended up offering positive returns in 48 years and negative returns in 23 years, with an average positive return of 1.53%.This year is unlikely to be an exception. While jitters may emanate from the occasional rise in virus cases and rising rates, strength may be added by more vaccinations, booster shots by Moderna MRNA and the approval of an antiviral therapy of Merck MRK, the economic reopening, the upcoming holiday season and last but not the least the earnings season.As of Nov 1, according to FactSet, 55.8% of S&P 500 companies have reported quarterly financial results, with 82% beating earnings estimates. The Federal Reserve on Wednesday said it would start tapering its asset purchases.However, investors seem prepared for the Fed tightening move. About 44% of the 25 respondents in a CNBC survey believe the Fed will hike rates by July, meaning that rate hikes will follow the end of taper by just a few months. If many investors are prepared for such an aggressive Fed move, then there is not much likely to happen on the front of fear-driven equity market slump (read: High Momentum ETFs to Buy on Wall Street's Winning Streak).Against such a backdrop, let’s take a look at the ETFs that could be good picks in November.Electric Vehicle to Gain More SpeedThe ongoing global push for restoration of climate, President inclination for the same, emerging countries’ pledge for being carbon-neutral in the COP-26 Glasgow and the higher demand for alternative energy amid the fossil fuel rally are great for electric vehicle’s future (read: ETFs in Focus Post Dismal Amazon Q3 Results).The month started with a massive Tesla rally (up about 8% on Nov 1). Rivian, the electric-vehicle start-up backed by Amazon.com Inc. (AMZN) (which has 20% stake in the start-up) and Ford Motor Co. (F), is seeking a roughly $54.6 billion valuation. If the target is achieved, the electric vehicle maker would be potentially almost as valuable as rival Honda Motor. It would make Rivian one of largest initial public offerings by funds raised in the past decade in the United States.Global X Autonomous & Electric Vehicles ETF DRIV, Simplify Volt RoboCar Disruption and Tech ETF (VCAR) and iShares Self-Driving EV and Tech ETF (IDRV) are some of the ETFs that could be beneficial in the month.Consumer Discretionary to Gain on Holiday SeasonThe National Retail Federation (“NRF”) projects November/December retail sales in the range of $843.4 billion to $859 billion, up 8.5% to 10.5% from 2020 results. The NRF said its forecast — excluding automobile dealers, gas stations and restaurants and covering Nov 1 to Dec 31— beat the previous high of $777.3 billion, up 8.2%, in 2020 as well as the average gain of 4.4% over the past five years.Deloitte forecasts considerably higher holiday sales for 2021, estimating growth of 7% to 9% to between $1.28 and $1.3 trillion during the November-to-January time span. That is more than Deloitte’s 1% to 1.5% projection for 2020 and the U.S. Census Bureau’s November 2020-to-January 2021 sales growth measure of 5.8% to $1.19 trillion (seasonally adjusted, excluding autos and fuel). A rally in SPDR S&P Retail ETF XRT and VanEck Retail ETF (RTH) is in the cards.Energy Rally Heating UpOil price has been on the rise in recent weeks with Brent oil hovering near its highest level since October 2018 and WTI crude near the highest since the start of August 2020. Tightening supply and improving demand fundamentals have been driving the prices higher. Oil analysts forecast a sustained rally in the liquid commodity as OPEC opposed calls to boost supply. With winter months approaching, an oil rally makes more sense. SPDR S&P Oil & Gas Exploration & Production ETF XOP is a great pick.Travel & Tourism Industry to Fly HigherChances are high that reopening trade would gain steam in the fourth quarter bolstered by widespread vaccination and chances of more treatment opportunities. Travel and tourism stocks also benefitted after the Biden administration announced they would ease travel restrictions for vaccinated foreigners. Many investors see value in the sector, which was hard hit by the Delta resurgence this summer. ETFMG Travel Tech ETF AWAY is good pick out here (read: Should You Invest in Travel & Tourism ETFs Now?).   Are Small-Caps Inexpensive Bets?The small-cap benchmark Russell 2000 rallied about 2.6% on Nov 1 for its best day since Aug 27. After a tough September in which the S&P 500 fell more than 4%, the benchmark jumped nearly 7% last month. The upcoming holiday season and upbeat sentiments in the market led to the rally. The Q3 earnings season for the S&P 600 is expected to be upbeat with 44.4% earnings gain (following 280% gains in Q2) on 16.1% revenue gain (over above 34.4% increase in Q2). SPDR S&P 600 Small Cap ETF SLY has a Zacks Rank #2 (Buy). The fund has a P/E ratio of 15.53X versus 22.20X P/E possessed by SPDR S&P 500 ETF Trust (SPY). Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Merck & Co., Inc. (MRK): Free Stock Analysis Report Global X Autonomous & Electric Vehicles ETF (DRIV): ETF Research Reports Moderna, Inc. (MRNA): Free Stock Analysis Report ETFMG Travel Tech ETF (AWAY): ETF Research Reports SPDR S&P Retail ETF (XRT): ETF Research Reports SPDR S&P Oil & Gas Exploration & Production ETF (XOP): ETF Research Reports SPDR S&P 600 Small Cap ETF (SLY): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 4th, 2021

China Struggles To Stamp Out Worst COVID Outbreak Since Wuhan

China Struggles To Stamp Out Worst COVID Outbreak Since Wuhan A Chinese health official warned late last month that China's latest delta-variant-driven COVID flareup would likely continue to spread despite authorities' best efforts to stamp it out. Turns out, they were right. According to Bloomberg, a growing number of provinces are battling with COVID than at any time since COVID first burst out of Wuhan in late 2019. The latest outbreak is being driven by the delta variant (which was recently found to also have a hyper-infectious sub-variant) despite the CCP's increasingly aggressive measures adopted to try and stop the spread. As of Wednesday, some 600 locally-transmitted cases have been confirmed in 19 of China's 31 provinces (to be sure, just like China's prior COVID numbers, these should also be taken with a grain of salt). China reported 93 new local cases on Wednesday, along with 11 asymptomatic cases. Three provinces detected their first cases in this outbreak, including central Chongqing, Henan, and Jiangsu, which is situated on the eastern coast. Beijing alone reported nine infections Wednesday , bringing the capital city's total cases in this wave to 38. In response, CPC authorities halted ticket sales for trains heading int the city at 123 train stations in 23 regions. Source: Bloomberg Chinese officials insist they are committed to maintaining their "COVID Zero" approach, even after Australia and New Zealand have abandoned their respective "COVID Zero" policies after sustaining massive economic damage while doing little to suppress the spread. Beijing has succeeded in the past at keeping outbreaks contained, although they've largely been aided by their complete control and manipulation of the media. In reality, who knows how many cases of COVID have actually afflicted the Chinese people? But even according to the official sources, the latest outbreak has spread further while refusing to yield to containment measures that previously were successful in stopping the spread. What's worse, is that COVID isn't the only problem facing the CCP right now. China's Ministry of Commerce urged residents Tuesday to stock up on essentials like food in case the outbreak leads to another wave of lockdowns. Unsurprisingly, that announcement sparked another wave of panic buying among households. It comes after the CCP ordered utilities to stock up on supplies, causing energy prices to jump as well. The city of Chongqing has instituted mass testing overnight Wednesday as officials aim to stamp out the virus during a "golden 24 hours" after detecting their first case. At this point, depending on the number of infections, the CCP could go much further ordering mass testing, lockdowns and other measure, while China's top health expert, Zhong Nanshan has insisted he is confident that China can curb the outbreak. He defended China's "COVID Zero" approach, even as the rest of the world acknowledges that humanity needs to learn to live with COVID, because it's not going anywhere soon. Unless Chinese scientists have a secret cure hidden in a laboratory refrigerator somewhere... Tyler Durden Wed, 11/03/2021 - 17:20.....»»

Category: dealsSource: nytNov 3rd, 2021

Tesla’s “Rounding Error” Of Sales Improvement

Stanphyl Capital’s commentary for the month ended October 31, 2021, discussing their short position in Tesla Inc (NASDAQ:TSLA). Q3 2021 hedge fund letters, conferences and more The Biggest Bubble In Modern Stock Market History We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which now has a completely absurd diluted […] Stanphyl Capital’s commentary for the month ended October 31, 2021, discussing their short position in Tesla Inc (NASDAQ:TSLA). if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more The Biggest Bubble In Modern Stock Market History We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which now has a completely absurd diluted market cap of $1.25 trillion. Perhaps this ridiculousness is best shown graphically, courtesy of @MichalStupavsky and @AlbertBridgeCap; note that both these graphics were created hundreds of billions of dollars ago in Tesla market cap, and when viewing them please keep in mind that Tesla’s share of the world auto market is only around 1.1% (yes, one POINT one percent): And yet at some point when momentum-riding Tesla bulls (or, for that matter, bears) least expect it, TSLA will recouple with “reality,” and that’s why I continue to maintain a core short position. So here’s “reality”… Tesla has no “moat” of any kind; i.e., nothing meaningfully proprietary in terms of electric car technology, while existing automakers—unlike Tesla­—have a decades-long “experience moat” of knowing how to mass-produce, distribute and service high-quality cars consistently and profitably. Excluding sunsetting emission credit sales Tesla is barely profitable. Growth in sequential unit demand for Tesla’s cars is at a crawl relative to expectations. Elon Musk is a pathological liar who under the terms of his SEC settlement cannot deny having committed securities fraud. Tesla's Q3 Deliveries In October Tesla reported Q3 deliveries of 241,000 cars, 18,000 more than Wall Street’s “official” consensus and around 11,000 more than the 230,000-delivery “whisper number.” These (and even the entire 40,000-unit gain over Q2) are rounding errors for an auto company trading at even one-tenth of Tesla’s valuation. If in any quarter GM or VW or Toyota sold 2.04 million vehicles instead of 2 million or 1.96 million, no one would pay the slightest bit of attention to the difference. Seeing as Tesla is now being valued at nearly sixteen GMs, it’s time to start looking at its relatively tiny numerical sequential sales growth, rather than Wall Street’s sell-side hype of “percentage off a small base.” In other words, if you want to be valued at a giant multiple of “the big boys,” you should be treated as a big boy. In fact, a favorite hype story from Tesla fans has been “the China market” and its “record” number of 73,659 Q3 deliveries there. Let’s put this in perspective: this was only around 4000 more cars than in Q1 and only around 11,000 more than in Q2—these are “growth” rounding errors. And that “record” Q3 China quarter gave it just 1.5% of the overall passenger vehicle market and just 11% of the BEV market, and it had so much excess capacity that it exported tens of thousands of cars to Europe. And now in October, Tesla sales in China reportedly fell back to just 12,000 units. Remember when Musk claimed that Tesla’s Chinese domestic demand alone would need multiple factories to satisfy? Ah, the good old days! One likely way Tesla was able to post an upside surprise in Q3 deliveries was because competitors’ production (and thus inventories) were at the lowest level in decades due to the massive chip shortage, thereby eliminating a number of “Tesla alternatives.” Meanwhile, Tesla had record production because Musk (a notorious “corner-cutter”) was apparently willing to substitute untested, non-auto-grade chips for the more durable chips he couldn’t get; please see my Twitter post about this. Rounding Error As for the demand implications of the new U.S. EV tax credit (assuming it passes in its current form—which, by the way, benefits GM & Ford’s union-made cars with a $12,500 per-car credit vs. just $8000 for each Tesla), please see my Twitter thread as to why—relative to Tesla’s insane valuation and its fans’ expectations—it will likely result in just another “rounding error” of sales improvement. In its Q3 earnings report (released in October), Tesla claimed it made around $1.3 billion in free cash flow (defined as operating cash flow less capex). However, this number appears to be entirely due to working capital adjustments and not from the business itself. Let me explain: Tesla claimed operating cash flow of around $3.2 billion for the quarter, but this came with the benefit of accounts payable increasing by $702 million, receivables declining by $167 million and accrued liabilities up by $665 million while (detrimentally) prepaid expenses increased by $144 million. Adjusting for that massive net working capital benefit, operating cash flow was only a bit over $1.8 billion and with capex at $1.8 billion it means Tesla’s Q3 free cash flow was essentially zero; i.e., it’s a horrible business. Also in its Q3 report Tesla claimed it made around $1.45 billion in net income after excluding $279 million of pure-profit emission credit sales (excluded because they’ll almost entirely disappear some time next year when other automakers will have enough EVs of their own), and after adding back a $50 million Bitcoin write-down. However, that earnings number also includes what I estimate to be Tesla’s usual $300 million or so in unsustainably low warranty provisioning, and after adjusting for that and assuming no other fraudulent accounting, Tesla only earned around $1.06/share, which annualizes to $4.24. An auto industry PE multiple of 10x would thus make TSLA worth around $42/share (admittedly, more than the “$0” I once expected), while a “growth multiple” of 20x would value it at $84, which is almost a 93% discount to October’s closing price of $1114. And before you tell me that a 100% premium to the industry’s PE ratio isn’t enough, keep in mind that—as noted earlier—Tesla’s sequential unit growth is an auto industry rounding error. In fact, one could argue that Tesla’s multiple should carry a discount, considering the massive legal and financial liabilities continually generated by its pathologically lying CEO. Meanwhile Tesla continues to sell (and book cash flow, if not accounting revenue from) its fraudulent & dangerous so-called “Full Self Driving.” In a sane regulatory environment Tesla having done this for five years now would be considered “consumer fraud,” and indeed the regulatory tide may finally be turning, as in August two U.S. Senators demanded an FTC investigation and in October the NHTSA appointed a harsh critic of this deadly product to advise on its regulation. (For all known Tesla deaths see TeslaDeaths.com.) Are major write-downs and refunds on the way, killing the company’s slight “claimed profitability”? Stay tuned! And remember, the 2021 overview from Guidehouse Insights rates Tesla dead last among autonomous competitors: Proprietary Battery Technology Another favorite Tesla hype story has been built around so-called “proprietary battery technology.” In fact though, Tesla has nothing proprietary there—it doesn’t make them, it buys them from Panasonic, CATL and LG, and it’s the biggest liar in the industry regarding the real-world range of its cars. And if new-format 4680 cells enter the market some time in 2022 (as is now expected), their manufacturers will gladly sell them to anyone. Meanwhile, the quality of the Model Y—is awful, and that car faces current (or imminent) competition from the much better built electric Audi Q4 e-tron, BMW iX3, Mercedes EQA, Volvo XC40 Recharge, Volkswagen ID.4, Ford Mustang Mach E, Nissan Ariya, Hyundai Ioniq 5 and Kia EV6. And Tesla’s Model 3 now has terrific direct “sedan competition” from Volvo’s beautiful Polestar 2 and the premium version of Volkswagen’s ID.3 (in Europe), and later this year from the BMW i4, plus multiple local competitors in China. And in the high-end electric car segment worldwide the Audi e-tron and Porsche Taycan outsell the Models S & X (and the newly updated Tesla models with their dated exteriors and idiotic shifters & steering wheels won’t change this), while the spectacular new Mercedes EQS, Audi e-Tron GT and Lucid Air make the Tesla Model S look like a fast Yugo, while the extremely well reviewed new BMW iX does the same to the Model X. And oh, the joke of a “pickup truck” Tesla previewed in 2019 (and still hasn’t shown in production-ready form) won’t be much of “growth engine” either, as it will enter a dogfight of a market; in fact, in May Ford formally introduced its terrific new all-electric F-150 Lightning which now has over 150,000 reservations, Rivian’s pick-up has gotten fantastic early reviews, and in January at CES GM will introduce its electric Silverado. Meanwhile, Tesla quality ranks 30th among 33 brands in the latest J.D. Power dependability survey… …and second-to-last in the latest Consumer Reports reliability survey: …while the most recent What Car? survey shows similar results with Tesla finishing #29 out of 31, and now quality is slipping in China. Regarding safety, as noted earlier in this letter, Tesla continues to deceptively sell its hugely dangerous so-called “Autopilot” system, which Consumer Reports has completely eviscerated; God only knows how many more people this monstrosity unleashed on public roads will kill, despite the NTSB condemning it. Elsewhere in safety, in 2020 the Chinese government forced the recall of tens of thousands of Teslas for a dangerous suspension defect the company spent years trying to cover up, and now Tesla has been hit by a class-action lawsuit in the U.S. for the same defect. Tesla also knowingly sold cars that it knew were a fire hazard and did the same with solar systems, and after initially refusing to do so voluntarily, it was forced to recall a dangerously defective touchscreen. In other words, when it comes to the safety of customers and innocent bystanders, Tesla is truly one of the most vile companies on Earth. Meanwhile the massive number of lawsuits of all types against the company continues to escalate. So Here Is Tesla’s Competition In Cars (Note: These Links Are Regularly Updated)... Porsche Taycan Porsche Taycan Cross Turismo Porsche Macan Electric SUV Officially Coming in 2023 Volkswagen ID.3 Headlines VW's Electrified Future Volkswagen ID.4 Electric SUV Volkswagen ID 6 to arrive with 435-mile range in 2023 Volkswagen Aero B: new electric Passat equivalent spied VW’s Cupra brand counts on performance for Born EV Cupra, VW brand to get entry-level battery-powered cars Audi e-tron Audi e-tron Sportback Audi E-tron GT Audi Q4 e-tron Audi Q6 e-tron confirmed for 2022 launch Audi previews long-range A6 e-tron EV Audi TT set to morph into all-electric crossover Hyundai Ioniq 5 Hyundai Ioniq 6 spotted ahead of 2022 launch Hyundai Kona Electric Genesis reveals their first EV on the E-GMP platform, the electric GV60 crossover Genesis aims to go all-electric from 2025 Kia Niro Electric: 239-mile range & $39,000 before subsidies Kia EV6: Charging towards the future Kia EV4 on course to grow electric SUV range Jaguar’s All-Electric i-Pace Jaguar to become all-electric brand; Land Rover to Get 6 electric models Daimler will invest more than $47B in EVs and be all-electric ready by 2030 Mercedes EQS: the first electric vehicle in the luxury class Mercedes EQS SUV takes shape Mercedes-Benz unveils EQE electric sedan with impressive 400-mile range Mercedes EQE SUV to rival BMW iX and Tesla Model X Mercedes EQC electric SUV available now in Europe & China Mercedes-Benz Launches the EQV, its First Fully-Electric Passenger Van Mercedes-Benz EQB Makes Its European Debut, US Sales Confirmed Mercedes-Benz unveils EQA electric SUV with 265 miles of range and ~$46,000 price Ford Mustang Mach-E Available Now Ford F-150 Lightning electric pick-up available 2022 Ford set to launch ‘mini Mustang Mach-E’ electric SUV in 2023 Ford to offer EV versions of Explorer, Aviator, ‘rugged SUVs' Volvo Polestar 2 Volvo XC40 Recharge Volvo C40 electric sedan to challenge Tesla Model 3, VW ID3 Polestar 3 will be an electric SUV that shares its all-new platform with next Volvo XC90 Chevy updates, expands Bolt EV family as price drops Cadillac All-Electric Lyriq Available Spring 2022 GMC ALL-ELECTRIC SUPERTRUCK HUMMER EV GM to build electric Silverado in Detroit with estimated range of more than 400 miles GMC to launch electric Hummer SUV in 2023 GM will offer 30 all-electric models globally by 2025 GM Launches BrightDrop to Electrify the Delivery of Goods and Services Nissan vows to hop back on EV podium with Ariya Nissan LEAF e+ with 226-mile range is available now BMW leads off EV offensive with iX3 BMW expands EV offerings with iX tech flagship and i4 sedan 2022 BMW iX1 electric SUV spied BMW 3-series EV coming Rivian R1T Is the Most Remarkable Pickup We’ve Ever Driven Renault upgrades Zoe electric car as competition intensifies Renault Dacia Spring Electric SUV Renault to boost low-volume Alpine brand with 3 EVs Renault's electric Megane will debut new digital cockpit Stellantis promises 'heart-of-the-market SUV' from new, 8-vehicle EV platform Alfa Romeo is latest Stellantis brand to get all-electric future Peugeot e-208 PEUGEOT E-2008: THE ELECTRIC AND VERSATILE SUV Peugeot 308 will get full-electric version Citroen compact EV challenges VW ID3 on price Maserati to launch electric sports car Mini Cooper SE Electric Toyota's bZ4X EV gets 300-mile range, steer by wire; first of 7 BEVs by 2025 Opel sees electric Corsa as key EV entry 2021 Vauxhall Mokka revealed as EV with sharp looks, massive changes Skoda Enyaq iV electric SUV offers range of power, battery sizes Electric Skoda Enyaq coupe to muscle-in on Tesla Model 3 Skoda plans small EV, cheaper variants to take on French, Korean rivals Nio to launch in five more European countries after Norway BYD will launch electric SUV in Europe The Lucid Air Achieves an Estimated EPA Range of 517 Miles on a Single Charge Bentley converting to electric-only brand All-electric Rolls-Royce Spectre to launch in 2023 – firm to be EV-only by 2030 Aston Martin will build electric vehicles in UK from 2025 Meet the Canoo, a Subscription-Only EV Pod Coming in 2021 Two new electric cars from Mahindra in India; Global Tesla rival e-car soon Former Saab factory gets new life building solar-powered Sono Sion electric cars Foxconn aims for 10% of electric car platform market by 2025 And In China... How VW Group plans to dominate China's EV market VW Goes Head-to-Head With Tesla in China With New ID.4 Crozz Electric SUV Volkswagen’s ID.3 EV to be produced by JVs with SAIC, FAW in 2021 2022 VW ID.6 Revealed With Room For Seven And Two Electric Motors China-built Audi e-tron rolls off production line in Changchun Audi Q2L e-tron debuts at Auto Shanghai Audi will build Q4 e-tron in China Audi Q5 e-tron Confirmed For China Audi in cooperation company for local electric car production with FAW FAW Hongqi starts selling electric SUV with 400km range for $32,000 FAW (Hongqi) to roll out 15 electric models by 2025 BYD goes after market left open by Tesla with four cheaper models for budget-conscious buyers BYD said to launch premium NEV brand ‘Dolphin’ in 2022 Top of Form Bottom of Form Daimler & BYD launch DENZA electric vehicle for the Chinese market Geely announces premium EV brand Zeekr Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars Mercedes styled Denza X 7-seat electric SUV to hit market Mercedes ‘makes mark’ with China-built EQC BMW, Great Wall to build new China plant for electric cars BAIC Goes Electric, & Establishes Itself as a Force in China’s New Energy Vehicle Future BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV Toyota, BYD will jointly develop electric vehicles for China Lexus to launch EV in China taking on VW and Tesla GAC Aion about to start volume production of 1,000-km range AION LX GAC Toyota to ramp up annual capacity by 400,000 NEVs GAC kicks off delivery of HYCAN 007 all-electric SUV Nio – Ready For Tomorrow Nio steps up plans for mass-market brand to compete with VW, Toyota Xpeng Motors sells multiple EV models SAIC-GM to build Ultium EV platform in Wuhan Chevrolet Menlo Electric Vehicle Launched in China Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China Buick Velite 7 EV And Velite 6 PHEV Launch In China Dongfeng launches the all-electric Voyah  PSA to accelerate rollout of electrified vehicles in China SAIC, Alibaba-backed EV brand IM begins presale of first model L7 Hyundai Motor Transforming Chongqing Factory into Electric Vehicle Plant Polestar said to plan China showroom expansion to compete with Tesla Jaguar Land Rover's Chinese arm invests £800m in EV production Renault reveals series urban e-SUV K-ZE for China Renault & Brilliance detail electric van lineup for China Renault forms China electric vehicle venture with JMCG Honda to start sales of new EV-branded vehicles in China in 2022 Geely launches new electric car brand 'Geometry' – will launch 10 EVs by 2025 Geely, Foxconn form partnership to build cars for other automakers Fiat Chrysler, Foxconn Team Up for Electric Vehicles Baidu to create an intelligent EV company with automaker Geely Leapmotor starts presale of C11 electric SUV on Jan. 1 2021 Changan forms subsidiary Avatar Technology to develop smart EVs with Huawei, CATL WM Motors/Weltmeister Chery Seres Enovate China's cute Ora R1 electric hatch offers a huge range for less than US$9,000 Singulato JAC Motors releases new product planning, including many NEVs Seat to make purely electric cars with JAC VW in China Iconiq Motors Hozon Aiways Skyworth Auto Youxia CHJ Automotive begins to accept orders of Leading Ideal ONE Infiniti to launch Chinese-built EV in 2022 Human Horizons Chinese smartphone giant Xiaomi to launch electric car business with $10 billion investment Lifan Technology to roll out three EV models with swappable batteries in 2021 Here’s Tesla’s Competition In Autonomous Driving... Waymo ranked top & Tesla last in Guidehouse leaderboard on automated driving systems Tesla has a self-driving strategy other companies abandoned years ago Fiat Chrysler, Waymo expand self-driving partnership for passenger, delivery vehicles Waymo and Lyft partner to scale self-driving robotaxi service in Phoenix Volvo, Waymo partner to build self-driving vehicles Jaguar and Waymo announce an electric, fully autonomous car Renault, Nissan partner with Waymo for self-driving vehicles Cruise and GM Team Up with Microsoft to Commercialize Self-Driving Vehicles Cadillac Super Cruise Sets the Standard for Hands-Free Highway Driving Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle Honda launching Level 3 autonomous cars Volkswagen moves ahead with Autonomous Driving R&D for Mobility as a Service Volkswagen teams up with Microsoft to accelerate the development of automated driving VW taps Baidu's Apollo platform to develop self-driving cars in China Ford's electric Mustang will offer hands-free driving technology in 2021 ARGO AI AND FORD TO LAUNCH SELF-DRIVING VEHICLES ON LYFT NETWORK BY END OF 2021 Hyundai and Kia Invest in Aurora Toyota, Denso form robotaxi partnership with Aurora Aptiv and Hyundai Motor Group complete formation of autonomous driving joint venture Amazon’s Zoox unveils electric robotaxi that can travel up to 75 mph Nvidia and Mercedes Team Up to Make Next-Gen Vehicles Daimler's heavy trucks start self-driving some of the way SoftBank, Toyota's self-driving car venture adds Mazda, Suzuki, Subaru Corp, Isuzu Daihatsu  Continental & NVIDIA Partner to Enable Production of Artificial Intelligence Self-Driving Cars Mobileye and Geely to Offer Most Robust Driver Assistance Features Mobileye Starts Testing Self-Driving Vehicles in Germany Mobileye and NIO Partner to Bring Level 4 Autonomous Vehicles to Consumers Lucid Chooses Mobileye as Partner for Autonomous Vehicle Technology AutoX, backed by Alibaba Nissan gives Japan version of Infiniti Q50 hands-free highway driving Hyundai to start autonomous ride-sharing service in Calif. Pony.ai raises $462 million in Toyota-led funding Baidu kicks off trial operation of Apollo robotaxi in Changsha Toyota to join Baidu's open-source self-driving platform Baidu, WM Motor announce strategic partnership for L3, L4 autonomous driving solutions Volvo will provide cars for Didi's self-driving test fleet BMW and Tencent to develop self-driving car technology together BMW, NavInfo bolster partnership in HD map service for autonomous cars in China GM Invests $300 M in Momenta to deliver self-driving technologies in China FAW Hongqi readies electric SUV offering Level 4 autonomous driving Tencent, Changan Auto Announce Autonomous-Vehicle Joint Venture Huawei teams up with BAIC BJEV, Changan, GAC to co-launch self-driving car brands GAC Aion, DiDi Autonomous Driving to co-develop driverless NEV model BYD partners with Huawei for autonomous driving Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars Xpeng releases autonomous features for highway driving Nuro Becomes First Driverless Car Delivery Service in California Deutsche Post to Deploy Test Fleet Of Fully Autonomous Delivery Trucks ZF autonomous EV venture names first customer Magna’s new MAX4 self-driving platform offers autonomy up to Level 4 Groupe PSA’s safe and intuitive autonomous car tested by the general public Mitsubishi Electric to Exhibit Autonomous-driving Technologies in New xAUTO Test Vehicle Apple acquires self-driving startup Drive.ai Motional to begin robotaxi testing with Hyundai Ioniq 5 in Los Angeles JD.com Delivers on Self-Driving Electric Trucks NAVYA Unveils First Fully Autonomous Taxi Fujitsu and HERE to partner on advanced mobility services and autonomous driving Here’s Where Tesla’s Competition Will Get Its Battery Cells... Panasonic (making deals with multiple automakers) LG Samsung SK Innovation Toshiba CATL BYD Volkswagen to Build Six Electric-Vehicle Battery Factories in Europe How GM's Ultium Battery Will Help It Commit to an Electric Future Ultium (General Motors & LG joint venture) GM to develop lithium-metal batteries with SolidEnergy Systems Ford, SK Innovation announce EV battery joint venture BMW & Ford Invest in Solid Power to Secure All Solid-State Batteries for Future Electric Vehicles Stellantis, LG Energy Solution to form battery JV for N. American market Toyota to build U.S. battery plant Daimler joins Stellantis as partner in European battery cell venture ACC Renault signs EV battery deals with Envision, Verkor for French plants Nissan to build $1.4bn EV battery plant in UK with Chinese partner UK companies AMTE Power and Britishvolt plan $4.9 billion investment in battery plants Freyr Verkor Farasis Microvast Akasol Cenat Wanxiang Eve Energy Svolt Romeo Power ProLogium Hyundai Motor developing solid-state EV batteries Daimler Morrow Here’s Tesla’s Competition In Charging Networks... Electrify America is spending $2 billion building a high-speed U.S. charging network GM to distribute up to 10 chargers to each of its dealerships starting early 2022 GM, EVgo partner to expand U.S. charging network Circle K Owner Plans Electric-Car Charging Push in U.S., Canada 191 U.S. Porsche dealers are installing 350kw chargers ChargePoint to equip Daimler dealers with electric car chargers GM and Bechtel plan to build thousands of electric car charging stations across the US Ford introduces 12,000 station charging network, teams with Amazon on home installation Shell Plans To Deploy Around 500,000 Charging Points Globally By 2025 Petro-Canada Introduces Coast-to-Coast Canadian Charging Network Volta is rolling out a free charging network Ionity Europe E.ON and Virta launch one of the largest intelligent EV charging networks in Europe Volkswagen plans 36,000 charging points for electric cars throughout Europe Smatric has over 400 charging points in Austria Allego has hundreds of chargers in Europe PodPoint UK charging stations BP Chargemaster/Polar is building stations across the UK Instavolt is rolling out a UK charging network Fastned building 150kw-350kw chargers in Europe Aral To Install Over 100 Ultra-Fast Chargers In Germany Deutsche Telekom launches installation of charging network for e-cars Total to build 1,000 high-powered charging points at 300 European service-stations NIO teams up with China’s State Grid to build battery charging, swapping stations Volkswagen-based CAMS launches supercharging stations in China Volkswagen, FAW Group, JAC Motors, Star Charge formally announce new EV charging JV BMW to Build 360,000 Charging Points in China to Juice Electric Car Sales BP, Didi Jump on Electric-Vehicle Charging Bandwagon Evie rolls out ultrafast charging network in Australia Evie Networks To Install 42 Ultra-Fast Charging Sites In Australia And Here’s Tesla’s Competition In Storage Batteries... Panasonic Samsung LG BYD AES + Siemens (Fluence) GE Bosch Hitachi ABB Toshiba Saft Johnson Contols EnerSys SOLARWATT Schneider Electric Sonnen Kyocera Generac Kokam NantEnergy Eaton Nissan Tesvolt Kreisel Leclanche Lockheed Martin EOS Energy Storage ESS UET electrIQ Power Belectric Stem ENGIE Redflow Renault Primus Power Simpliphi Power redT Energy Storage Murata Bluestorage Adara Blue Planet Tabuchi Electric Aggreko Orison Moixa Powin Energy Nidec Powervault Kore Power Shanghai Electric Schmid 24M Ecoult Innolith LithiumWerks Natron Energy Energy Vault Ambri Voltstorage Cadenza Innovation Morrow Gridtential Villara Elestor   Thanks and stay healthy, Mark Spiegel Updated on Nov 1, 2021, 11:19 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkNov 1st, 2021