Podcasts about tesla inc

American automotive and energy company

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Best podcasts about tesla inc

Latest podcast episodes about tesla inc

Bloomberg Daybreak: Europe Edition
EU 15% US Tariff Deal, Starmer-Trump Meeting, Cult Trade Is Losing Bet

Bloomberg Daybreak: Europe Edition

Play Episode Listen Later Jul 28, 2025 17:20 Transcription Available


Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The US and European Union agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. (2) US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. (3) UK Prime Minister Keir Starmer will meet US President Donald Trump in Scotland on Monday in a bid to remove the remaining obstacles to their trade deal and press for a lasting ceasefire in Gaza. (4) Israel increased aid distribution to Gaza over the weekend in an effort to defuse a growing international outcry over hunger convulsing the shattered Palestinian enclave. (5) Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division. Podcast Conversation: Rome's Next Big Tourist Draw Risks Going Bust Before It Opens See omnystudio.com/listener for privacy information.

Bloomberg Talks
Wedbush Analyst Dan Ives Talks Tesla

Bloomberg Talks

Play Episode Listen Later Jul 24, 2025 11:43 Transcription Available


Wedbush analyst Dan Ives discusses difficult times ahead for Tesla Inc. after one of the automaker’s worst quarters in over a decade. Elon Musk said Tesla will be in a transition period for the next year or more, losing electric vehicle incentives in the US and needing time to roll out autonomous vehicles. Gene Munster, managing partner at Deepwater Asset Management, said investors were looking for more near-term specifics on autonomy, but Tesla offered little on key robotaxi milestones. Ives spoke with Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: US Edition
Trump Says Countries Will Face Tariffs Ranging From 15% to 50%; Trump to Tour Fed Construction Site

Bloomberg Daybreak: US Edition

Play Episode Listen Later Jul 24, 2025 16:26 Transcription Available


1) US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.2) Donald Trump will personally visit the Federal Reserve Thursday to tour a construction site he’s criticized for cost overruns amid his escalating attacks on Fed Chair Jerome Powell for not cutting rates.The White House announced the visit in the release of the president’s daily public schedule. The visit is planned for 4 p.m. reading simply, “THE PRESIDENT visits The Federal Reserve,” without further details.3) Elon Musk warned of difficult times ahead for Tesla Inc. after one of the automaker’s worst quarters in over a decade.Tesla will be a transition period for the next year or more, losing electric vehicle incentives in the US and needing time to roll out autonomous vehicles, the chief executive officer said.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: Europe Edition
15% EU Tariff ‘Progress', UK-India Trade Deal, Trader Convictions At Risk

Bloomberg Daybreak: Europe Edition

Play Episode Listen Later Jul 24, 2025 22:12 Transcription Available


Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The European Union and the US are progressing toward an agreement that would set a 15% tariff for most imports, according to diplomats briefed on the negotiations. (2) Top representatives from the European Union met with Chinese President Xi Jinping Thursday, opening their first in-person summit since 2023 that’s exposing a divide between the bloc and Beijing just months after earlier signs of a possible detente. (3) Elon Musk warned of a hard year ahead for Tesla Inc., adding to the automaker’s woes after reporting one of its worst quarters of the last decade. (4) The number of companies and organizations compromised by a security vulnerability in Microsoft Corp.’s SharePoint servers is increasing rapidly, with the tally of victims soaring more than six-fold in a few days, according to one research firm. (5) British car and van production in the first half of this year has hit its lowest level since 1953, excluding the industry shutdown during Covid. Podcast Conversation: The Odyssey Is Making Movies Feel Like a Concert: Jason BaileySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak: Asia Edition
US and Japan Reach Trade Deal; Mag Seven in Focus

Bloomberg Daybreak: Asia Edition

Play Episode Listen Later Jul 23, 2025 19:17 Transcription Available


The record-breaking run in global stocks got fresh fuel to power the rally after the US reached a trade deal with Japan, an agreement with a key trading partner that eases concerns about the tariff war. MSCI's benchmark gauges for global equities and Asian shares both rose Wednesday. Contracts for the S&P 500 edged up on the tariff news after closing at its highest level Tuesday. Stocks in Japan jumped more than 2% with Toyota Motor Corp. and other automakers leading the gains. We break down the day's developments with David Aspell, Partner and Co-Chief Investment Officer at Mount Lucas Management. Plus - investors are also focused on megacap companies this week. Big Tech's strength will be on full display over the next few weeks as the group begins unveiling quarterly earnings. Tesla Inc. and Alphabet Inc. are reporting Wednesday. The so-called Magnificent Seven companies are expected to post a combined 14% rise in second-quarter profits, while earnings for the rest of the US equity benchmark are predicted to be relatively flat, according to Bloomberg Intelligence data. We discuss the role AI will play in those reports with Stephanie Leung, Chief Investment Officer at StashAway.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: Asia Edition
US Rally Wanes Ahead of Tech Earnings; Japanese Shares Advance

Bloomberg Daybreak: Asia Edition

Play Episode Listen Later Jul 22, 2025 18:18 Transcription Available


The start of a busy week for Corporate America saw stocks giving up most of their gains, with traders looking for signs of resilience in earnings amid tariff risks. Treasury yields fell alongside the dollar. While the S&P 500 closed above 6,300 for the first time, the gauge rose just 0.1%. Energy shares joined a decline in oil. Chipmakers almost erased their advance as Nvidia Corp. slipped. Fellow megacaps Tesla Inc. and Alphabet Inc. will kick off the group's earnings season this week. The stakes will again be high as investors look for updates on artificial-intelligence spending. We break down the day's price action with Ed Butowsky, Managing Partner at Chapwood Investments. Plus - shares in Tokyo gained 1% as trading resumed after a public holiday Monday. The MSCI regional stock gauge advanced 0.3% in early trading. Market participants are focused on the performance of Japanese markets as investors weigh policy uncertainty after the ruling Liberal Democratic Party's historic loss in Sunday's elections. For a closer look, we hear from Sean Darby, Managing Director at Mizuho Securities Asia. He speaks with Bloomberg's Shery Ahn and Paul Allen on The Asia Trade.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: Europe Edition
Trump Threatens 10% BRICS Tariff , OPEC+ Oil Supply Surge, Business Sours On Labour

Bloomberg Daybreak: Europe Edition

Play Episode Listen Later Jul 7, 2025 18:59 Transcription Available


Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners. (2) China will impose some reciprocal curbs on medical-device procurement for companies based in the European Union, adding tensions between the two major trading partners just as Beijing seeks to shore up ties while it fights a trade war with the US. (3) 82 people are now known to have died in Texas after catastrophic flooding that left officials struggling to explain whether they did enough to warn people of the fast-rising waters. (4) British bosses were clamouring for change after 14 years of rule by the opposition Conservative party. But a year on from the Labour Party’s landslide election win, that initial optimism has been replaced by discontent over tax increases, persistent red tape and a lack of dialogue with the government. (5) Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook. (6) The UK government talked down hopes that the two-child cap on parental benefits might be scrapped, as Prime Minister Keir Starmer seeks to hold the line on spending after failing to push through separate controversial welfare cuts. (7) President Donald Trump blasted Elon Musk’s bid to start a new political party, as the intensifying feud between the former allies deepens concerns among investors over the implications for Tesla Inc. and other companies helmed by the world’s richest man. Podcast Conversation: Trump's Style Is a Lot. But It's Not Rococo: Feargus O'SullivanSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak: US Edition
Senate Pulls All-Nighter on Tax Bill; Trump Takes Aim at Musk

Bloomberg Daybreak: US Edition

Play Episode Listen Later Jul 1, 2025 16:42 Transcription Available


On today's podcast: 1) Senate Republican leaders continue to scrounge for votes to pass Donald Trump’s $3.3 trillion tax and spending bill as lingering intraparty fights threaten to upend the legislative centerpiece of the president’s domestic agenda. 2) President Donald Trump lashed out at Elon Musk on Tuesday, accusing the Tesla Inc. and SpaceX chief executive officer of benefiting excessively from government electric vehicle subsidies. Tesla shares tumbled.3) US equity futures are taking a breather after the S&P 500 notched its best quarter since 2023, as investors monitor progress on trade talks and wrangling in Washington over President Donald Trump’s tax bill.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: US Edition
Oil Rises on Report Israel May Strike Iran; Justice Department Opens Probe of Andrew Cuomo

Bloomberg Daybreak: US Edition

Play Episode Listen Later May 21, 2025 26:39 Transcription Available


On today's podcast: 1) Oil rose after CNN reported that new US intelligence suggested Israel could be gearing up for a possible strike on Iran’s nuclear facilities. The dollar, US stock futures and Treasuries retreated.2) Andrew Cuomo, who’s running to be mayor of New York City, hit out at the Trump administration following a New York Times report that the Justice Department has opened a criminal investigation over testimony he gave relating to his actions during the Coronavirus pandemic.3) Elon Musk said he’s committed to still leading Tesla Inc. five years from now and expects to pare back his political spending, assuaging some investors’ concerns about the future of his most valuable company.See omnystudio.com/listener for privacy information.

Bloomberg Talks
Elon Musk Talks Tesla Sales Slump, US Politics and Putin Relationship

Bloomberg Talks

Play Episode Listen Later May 20, 2025 39:26 Transcription Available


Elon Musk said he’s committed to leading Tesla Inc. as chief executive officer in five years’ time, easing the concerns of some investors wary about his level of commitment to the carmaker. Musk, 53, commented on his future at Tesla during a remote appearance Tuesday at the Qatar Economic Forum in Doha. He is joined by Bloomberg's Mishal Husain.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: Asia Edition
Trump's First 100 Days, Magnificent Seven Earnings in Focus

Bloomberg Daybreak: Asia Edition

Play Episode Listen Later Apr 30, 2025 21:41 Transcription Available


As the S&P 500 closed higher for five consecutive sessions, the American equity benchmark posted its longest winning streak since November. Monday marked the fifth time in the past month the index fully wiped out an intraday gain or drop of 1% or more. The number of reversals already matches the total seen in the entire year of 2024. After the US close, President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office. We break down Trump's remarks with Joe Mathieu, Host of Bloomberg's Balance of Power. As uncertainty around US tariffs looms over global markets, investors in Asia are looking ahead to key economic data from China to get a sense of the macro environment. We speak with Mary Nicola, Bloomberg MLIV Strategist in Singapore. Plus - four of the so-called Magnificent Seven - Microsoft Corp., Apple Inc., Meta Platforms Inc. and Amazon.com Inc. - are due to report earnings this week. Analysts expect the group — which also includes Google-parent Alphabet, Tesla Inc. and Nvidia Corp. — to deliver an average of 15% profit growth in 2025, a forecast that's barely budged since the start of March despite the flareup in trade tensions. We preview the numbers with David Nicholson, Chief Research Officer at The Futurum Group.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: US Edition
Trump Changes Tone on Powell & Tariffs; Musk Will Refocus on Tesla

Bloomberg Daybreak: US Edition

Play Episode Listen Later Apr 23, 2025 16:46 Transcription Available


1) President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates.2) President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.3) Elon Musk vowed to pull back “significantly” from his work with the US government and pay more mind to Tesla Inc., assuaging investors concerned about the carmaker’s worst quarter in years.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: US Edition
Trump Unveils 25% Auto Tariff; White House Tries to Contain Signal Text Backlash

Bloomberg Daybreak: US Edition

Play Episode Listen Later Mar 27, 2025 17:07 Transcription Available


On today's podcast: 1) President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and floated further duties on the EU and Canada, expanding a trade war and triggering threats of retaliation. 2) Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc. 3) President Donald Trump and top allies struggled to fend off criticism over the inadvertent inclusion of a journalist in a Signal chat discussing military attacks in Yemen, after newly disclosed texts showed how Defense Secretary Pete Hegseth revealed specific operational details.See omnystudio.com/listener for privacy information.

Wilson County News
GVEC partners with Tesla through ERCOT pilot program

Wilson County News

Play Episode Listen Later Mar 18, 2025 4:01


GONZALES — GVEC is proud to announce a landmark partnership with Tesla Inc. (Tesla), making the Cooperative the first in Texas to participate with Tesla as a utility-scale virtual power plant resource in the Electric Reliability Council of Texas (ERCOT) Aggregated Distributed Energy Resource (ADER) pilot program. Through the ADER program, the integration of distributed energy resources, such as battery storage systems and other controllable devices, is being explored as dispatchable generation into the Texas wholesale energy market to improve year-round grid stability and reliability. Recent updates show the ADER program has registered approximately 17 megawatts in generation from companies...Article Link

Bloomberg Talks
Mike Wilson and Mohamed El-Erian Talk Market Selloff

Bloomberg Talks

Play Episode Listen Later Mar 11, 2025 21:00 Transcription Available


Bloomberg's Nathan Hager breaks down the recent market volatility with Morgan Stanley's Mike Wilson and Bloomberg Opinion contributor Mohamed El-Erian. Global stocks steadied from a selloff and US stock futures signaled a Wall Street bounce, as Bloomberg News reported President Donald Trump will meet with top business executives later in the day. Contracts for the Nasdaq 100 rose 0.5% after the index’s deepest slump since 2022, while those on the S&P 500 climbed 0.4%. Tesla Inc. shares rose in premarket trading after Monday’s 15% slide while other tech names including Nvidia Corp. also edged higher. In Europe, the Stoxx 600 index was steady while earlier, Asian shares bounced off an intraday five-week low.There was relief for other risk assets too, as Bitcoin stabilized after a five-day selloff and oil prices notched a small bounce from Monday’s drop. However, concerns over the once unstoppable resilience of the US economy continue to support Treasury markets, with 10-year yields edging lower again on Tuesday. The dollar index slid 0.3%.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: US Edition
Special Report: Global Market Selloff Easing with Mike Wilson and Mohamed El-Erian

Bloomberg Daybreak: US Edition

Play Episode Listen Later Mar 11, 2025 21:00 Transcription Available


Bloomberg's Nathan Hager breaks down the recent market volatility with Morgan Stanley's Mike Wilson and Bloomberg Opinion contributor Mohamed El-Erian. Global stocks steadied from a selloff and US stock futures signaled a Wall Street bounce, as Bloomberg News reported President Donald Trump will meet with top business executives later in the day. Contracts for the Nasdaq 100 rose 0.5% after the index’s deepest slump since 2022, while those on the S&P 500 climbed 0.4%. Tesla Inc. shares rose in premarket trading after Monday’s 15% slide while other tech names including Nvidia Corp. also edged higher. In Europe, the Stoxx 600 index was steady while earlier, Asian shares bounced off an intraday five-week low.There was relief for other risk assets too, as Bitcoin stabilized after a five-day selloff and oil prices notched a small bounce from Monday’s drop. However, concerns over the once unstoppable resilience of the US economy continue to support Treasury markets, with 10-year yields edging lower again on Tuesday. The dollar index slid 0.3%.See omnystudio.com/listener for privacy information.

MarketBuzz
1423: Marketbuzz Podcast with Kanishka Sarkar: Defence stocks in focus after Modi-Trump bilateral meet

MarketBuzz

Play Episode Listen Later Feb 14, 2025 5:34


Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of February 14 -The highlights of the Modi and Trump meeting are likely to be one of the main themes today. Following bilateral talks, India and the US have agreed on a roadmap to double trade to 500 billion dollars by 2030. The two leaders renewed commitments to making high value greenfield investments in each other's countries. Defence remains a very important area of cooperation. -Also, India and the US are to finalise a new defence framework which will be applicable from 2025 to 2035. And, US will review its arms transfer regulations in order to streamline defence trade -When asked if India has agreed to buy F-35's from America, the Foreign Secretary told CNBC-TV18 that he doesn't think the formal process with regard to acquisition of advanced aviation platforms has been initiated by India. Currently this is a proposal and there are many more steps which have to take place before any such acquisition takes place. -Gift Nifty remained flat this morning, indicating a muted opening for the Indian market. -Nagaraj Shetti of HDFC Securities said the short-term trend of the Nifty remains positive, but the market is lacking its strength to surpass immediate hurdles. A decisive move above 23,250 levels could confirm a near term bottom reversal pattern in the market. Immediate support is placed at 22,800 levels. -Stocks in focus: Hindalco, Manappuram Finance, Bank of Baroda, Nazara Technologies, Religare Enterprises, Paytm, defence, green energy stocks -Asian equities were headed for gains as markets reacted positively to signs the reciprocal US tariffs may be weeks from coming into effect, raising the prospect for negotiations. Shares in Australia and Japan and equity index futures for Hong Kong all advanced, indicating a region-wide stock gauge may climb for a third day. An index of Chinese companies that trades in the US rose more than 1% in New York trading. A measure of global stocks closed at a record high. -The S&P 500 rose 1% while the Nasdaq 100 climbed 1.4% as big tech outperformed. Tesla Inc. and Nvidia Corp each rallied over 3%, while Meta Platforms Inc. climbed for a 19th straight day. -US President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, singling out Japan and South Korea as nations that he believes are taking advantage of the US. Tune in to the Marketbuzz Podcast for more cues

MarketBuzz
1422: Marketbuzz Podcast with Kanishka Sarkar: Muted opening likely, Kotak Mahindra Bank, ICICI Bank in focus

MarketBuzz

Play Episode Listen Later Feb 13, 2025 5:05


Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of February 13 -The Indian equity market demonstrated resilience in a highly volatile session, though ultimately closing marginally lower. After showing a sharp decline in the last five sessions, the Nifty witnessed high volatility and a smart upside recovery. The index extended its downward trend for the sixth straight session, but the day's trading pattern revealed significant underlying strength. Nifty held above 23,000, supported mainly by financial stocks. -Among individual stocks, Reliance Industries emerged as the primary drag on the index, declining 1.5%, while Mahindra & Mahindra experienced the steepest fall of 3.2%. Insurance stocks surged as the I-T Bill retained the existing corporate tax rate. Metal, PSU Banks, and Financial Services showed strength sector-wise, while the Realty, Oil and Gas, and Auto sectors faced selling pressure. -This morning, the GIFTNifty was flat indicating a muted start for the Indian market. -Stocks to track: Kotak Mahindra Bank, ICICI Bank, Reliance, Bharat Forge, Tata Power, -Global cues: Asian equities rose as US-Russia talks spurred expectations for an end to the war in Ukraine. Risk sentiment was also stoked by the improving prospects for Chinese markets. -The S&P 500 closed down 0.3%, paring most of a 1.1% slide following the inflation data. Tesla Inc. led gains in megacaps and Meta Platforms Inc. rose for an 18th straight session. For the first time since November, the Nasdaq 100 erased an intraday loss of 1%. In late hours, Cisco Systems Inc. jumped on an upbeat sales forecast. -Oil extended declines after US-Russia talks. An index of dollar strength was little changed. Gold held a rally from its previous session, inching back toward its record high achieved earlier this week. -Prime Minister Narendra Modi is in Washington DC for a bilateral meeting with President Donald Trump. He also met US intel chief Tulsi Gabbard. Tune in to the Marketbuzz Podcast for more news and cues

Let the Money Talk
Tesla Inc. – Auto sales, margins and ASPs decline

Let the Money Talk

Play Episode Listen Later Feb 7, 2025 3:59


Glenn Thum, a senior research analyst from Phillip Securities Research, will be diving into Tesla's latest financial report for the fourth quarter of 2024. Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ www.poems.com.sg/stock-research⁠⁠ to access the full report and gain more insights. #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #Fintech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #US #TSLA #Tesla Follow PYTCH Media: ⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Website⁠

Big Law Business
Elon Musk's $56 Billion Bad Year in Delaware Court

Big Law Business

Play Episode Listen Later Jan 9, 2025 26:18


Elon Musk's six-year saga defending his $56 billion Tesla Inc. pay package in the Delaware Chancery Court has captivated the state's tight-knit legal community and the wider world of Musk watchers, including his more than 200 million online followers. In January 2024, the court's chief judge struck down the pay package, prompting a months-long social media barrage—and a host of novel legal stunts—from the tech titan. In December, the judge rejected the compensation deal again, handing $345 million to the shareholder attorneys who led the case. On this episode of our podcast, On The Merits, senior correspondent Jennifer Kay and reporter Roy Strom discuss the long-running courtroom drama, the lead trial lawyer who took aim at the pay package, and the judge who has repeatedly stood up to the world's richest man. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690

Ethical & Sustainable Investing News to Profit By!
Top Sustainable REITS, EV Companies, and More

Ethical & Sustainable Investing News to Profit By!

Play Episode Listen Later Dec 13, 2024 24:44


Next podcast January 10, 2025. Also in this podcast see Newsweek's ‘America's Most Responsible Companies' and review these often-overlooked great sustainable real estate investment trusts. By Ron Robins, MBA Transcript & Links, Episode 144, December 13, 2024 Hello, Ron Robins here. Before I begin, I want to mention that my next podcast after this one will be on January 10th and I want to sincerely wish everyone who has holidays in this period a most joyous and healthy time. Hello, Ron Robins here. Welcome to this podcast episode 144 published December 13, 2024, titled “Top Sustainable REITS, EV Companies, and More.” It's presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources. Remember that you can find a full transcript and links to content – including stock symbols and bonus material – on this episode's podcast page at investingforthesoul.com/podcasts. Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, and I don't receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal any investments I have in the investments mentioned herein. Additionally, quotes about individual companies are brief. Please go to this podcast's webpage for links to the articles and more company and stock information. ------------------------------------------------------------- Top Sustainable REITS, EV Companies, and More (1) I'm beginning this podcast with an article on an investment class I've rarely covered: real estate investment trusts, or REITS. The article is titled 7 Green REITs for Sustainable Investing. It's by Glenn Fydenkevez, edited by Jordan Schultz, and found on money.usnews.com. Here are some quotes from Mr. Schultz on each of his picks. “If you're a REIT investor who is concerned about the environmental impact of the stocks you own, here's a list of seven real estate companies that have demonstrated real leadership in adopting sustainable business practices that align with ESG goals: 1. Alexandria Real Estate Equities Inc. (ARE) is a REIT with a market cap of about $18 billion. The company specializes in life science properties… This environmentally responsible REIT is constantly striving to lower its carbon footprint. [The company] is known for using renewable energy sources such as solar panels and geothermal heating and cooling systems in all of the properties it develops. It also created a unique wastewater heat recovery process. Forward dividend yield: 4.9% 2. BXP Inc. (BXP) In 2021, BXP demonstrated its commitment to sustainability by developing one of Massachusetts' first net-zero, carbon-neutral building repositioning projects… BXP – formally known as Boston Properties – has a market-cap of about $14 billion. It is the largest publicly traded office REIT in the U.S. The firm focuses its investment activities on large cities on the east and west coasts, mostly in Boston, New York, Los Angeles and San Francisco. Forward dividend yield: 4.9% 3. Digital Realty Trust Inc. (DLR) is a $64 billion REIT in the fast-growing digital infrastructure industry. The company owns and operates more than 300 data centers around the world, and its portfolio of properties is growing… Apollo AI makes running a data center as efficient as possible. That's what makes Digital Realty Trust a leader in sustainability. Forward dividend yield: 2.5% 4. HA Sustainable Infrastructure Capital Inc. (HASI) is a $3.7 billion REIT that invests only in securities related to renewable energy, sustainability infrastructure and energy efficiency… This Annapolis, Maryland-based company focuses on solar projects, wind farms, clean-burning natural gas facilities, fuel cell development, smart grid technology and other green real estate initiatives. Forward dividend yield: 5.3% 5. Prologis Inc. (PLD) has a massive presence in the transportation and logistics real estate industry. The company boasts a market cap of about $103 billion… This company's warehouses and transportation terminals are modern, high-tech facilities. It uses high-speed computers, digital communications, AI and cloud computing technology to help its customers efficiently fulfill orders and deliver products across the U.S. and in Canada, Mexico, the U.K., Germany, Japan and China. Forward dividend yield: 3.3% 6. Host Hotels & Resorts Inc. (HST) has committed to implementing sustainable practices in every one of its 77 hospitality properties in the U.S., Canada and Brazil. The company controls about 42,000 hotel rooms… With a market capitalization of over $13 billion, [it] is the largest lodging REIT in the U.S… Wells Fargo Securities has an ‘overweight' rating on the stock. Stifel gives the company a ‘buy' rating. Forward dividend yield: 4.2% 7. JBG Smith Properties (JBGS) This $1.4 billion REIT controls over 14 million rentable square feet of mixed-use space in the expensive and highly competitive capital district around Washington, D.C… Amazon.com Inc. (AMZN) expects that its new campus in Northern Virginia will add 25,000 workers by 2038… Host Hotels & Resorts plans to benefit… and appeal to Amazon's environmentally conscious employees by promoting sustainability and green development practices in every building it buys or builds. Forward dividend yield: 4.3%” End quotes. ------------------------------------------------------------- America's Most Responsible Companies This next article refers to one of America's foremost corporate sustainability rankings, America's Most Responsible Companies. The editorial is by Nancy Cooper, and the full company rankings can be seen at newsweek.com. Here are a few quotes from Ms. Cooper's introduction to the rankings. “Selected from the 2,000 largest publicly traded companies headquartered in the U.S., each winner received scores based on the three pillars of ESG… The analysis is based on data from 30 key performance indicators, such as energy usage and charitable donations, as well as a reputation survey of more than 26,000 U.S. consumers. For the second year in a row, the top spot was awarded to Merck (MRK) with an impressive overall score of 97.83, up from 91.98 last year. Other notable names on this year's list include Adobe (ADBE), PayPal (PYPL) and HP (HPE) .” End quotes. ------------------------------------------------------------- Why Sunrun (RUN) Is Among the Best Wind Power and Solar Stocks to Invest in Now Now since this article was featured on Yahoo! Finance, I thought to include it. It's titled Why Sunrun (RUN) Is Among the Best Wind Power and Solar Stocks to Invest in Now. The article is by Mashaid Ahmed. Here are some quotes from it. “While the outcome of the US election and the anticipated policies of the new administration pose short-term challenges to renewable energy, the long-term outlook remains cautiously optimistic. Sunrun Inc. (NASDAQ:RUN) Number of Hedge Fund Holders: 43   Sunrun is a leading provider of residential solar energy solutions, offering solar installations, battery storage, and energy services. The company specializes in customized solar systems for homeowners and has over 1 million customers. Sunrun also offers products on leasing and financing options… The company has signed a multi-year exclusive agreement with Toll Brothers in California and expects its new home business to grow at least 50% over the next year… The company has 16 grid service programs active across the country, with over 20,000 storage systems participating, and is working with utilities and other partners to develop new programs and services… Overall, Sunrun ranks 5th on our list of best wind power and stocks to invest in now.” End quotes. ------------------------------------------------------------- Top Sustainable REITS, EV Companies, and More (2) And now to this article titled 7 Best EV Stocks to Buy for 2025. It's by Jeff Reeves, reviewed by John Divine, and found at money.usnews.com. Now some quotes from the article. “An analysis by Gartner estimates that the number of EV Companies in use will grow 33% in 2025 to bring the total number of electric cars and trucks to 85 million in total. That figure will be primarily thanks to brisk adoption rates in China (58% growth) and Europe (24% growth), which together are projected to represent 82% of the total EV market next year, according to Gartner. For investors who want to cash in on EV stocks and the rise of electric vehicles, it's critical to look beyond the usual suspects in the U.S. and take a truly global approach to the industry. With that in mind, some of the hottest EV stocks to buy for 2025 include: 1. Tesla Inc. (TSLA) Market value: $1.2 trillion Tesla has a huge chunk of the marketplace, with predictions of nearly 1.8 million vehicle deliveries across all of 2024. What's more, strong momentum after Election Day, thanks to Musk's close associations with President-elect Donald Trump, has pushed Tesla stock up about 50% on the year even as other electric vehicle stocks have struggled… Tesla remains the go-to EV stock for many investors as we enter 2025. 2. BYD Co. Ltd. (BYDDY) Market value: $106 billion Chinese firm BYD is… the top electric vehicle manufacturer in the world… currently selling more than 500,000 ‘new energy vehicles' per month – a potential pace of 6 million annually going forward… the local appeal of this Chinese company amid the uncertainty around tariffs and trade policies all but ensures this home-grown EV stock will thrive in China across 2025 as regional demand remains strong. 3. Volkswagen AG (VWAGY) Market value: $43 billion Volkswagen remains the largest vehicle manufacturer on the planet and has the same local appeal in Europe that BYD might have in China amid the current talk of trade wars. EV Companies are a modest share of total output… In October, the firm reported battery electric vehicles (not hybrids) topped 500,000 units across the first three quarters of 2024. That puts it on pace for nearly 700,000 vehicles on the full year – and with goals of fully electrifying its fleet by 2030, Volkswagen is definitely an EV stock to watch. 4. Li Auto Inc. (LI) Market value: $24 billion Much smaller than these other firms and currently bleeding cash as it invests aggressively in growth, Li Auto is nevertheless a top EV stock to watch because of its tremendous growth path. It delivered 48,740 vehicles in November 2024, up 18.8% year over year, and is currently on pace to top 500,000 units on the year… A big reason for that is because of its premium appeal, with its Li AD Max accounting for more than 80% of orders for models in China priced above roughly $55,000. Admittedly, shares of LI stock have struggled in 2024 but these sales figures are incredibly encouraging for investors who aren't afraid of taking on a bit more risk to invest in an upstart EV stock versus an established leader. 5. Nio Inc. (NIO) Market value: $10 billion Another junior EV stock operating deep in the red, Nio is putting up impressive growth metrics even if its share performance hasn't been grand in 2024… Nio delivered a record 61,855 units in the third quarter and estimates it will have as many as 75,000 EV deliveries in the fourth quarter. That pace of 300,000 units annually doesn't seem like much compared with other firms, but considering the firm delivered about half that total in 2023 there is a lot to like about where the firm is headed. What's more, like BYD and Li, this is a Chinese firm with local appeal in the fastest-growing market for EV Companies on the planet. That gives it an added tailwind that some Western EV stocks may lack in 2025. 6. Albemarle Corp. (ALB) Market value: $12 billion The company is one of the leading lithium miners globally, with production capacity of 225,000 metric tons and plans to roughly triple capacity by 2030. Supply chain challenges for lithium are tricky, and trade policies could make the situation even more complex in 2025. But as a commodity stock that profits in part based on broader market-wide pricing trends, any shortages or supply bottlenecks will naturally boost lithium prices if things don't go well – and that will naturally benefit Albemarle's bottom line as a result. 7. ChargePoint Holdings Inc. (CHPT) Market value: $600 million ChargePoint is the largest electric vehicle charging company in the United States, with more charging ports and locations than any other network. Specifically, ChargePoint boasts 70,000 plugs at nearly 39,000 stations. In fact, more than 4 in 10 charging ports nationwide are operated by ChargePoint. The company is small and currently unprofitable, so it definitely carries a level of risk, but investors who aren't keen on putting money behind firms headquartered in Beijing or Shanghai may find this closer-to-home play a bit more palatable.” End quotes. ------------------------------------------------------------- Additional Article of Interest 1. Title: Bristol Myers A Top Socially Responsible Dividend Stock With 4% Yield on forbes.com. By the Dividend Channel. ------------------------------------------------------------- Ending Comment These are my top news stories with their stock and fund tips for this podcast “Top Sustainable REITS, EV Companies, and More”. Please click the like and subscribe buttons wherever you download or listen to this podcast. That helps bring these podcasts to others like you. And please click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope and prosperity in these troubled times! Contact me if you have any questions. Thank you for listening. Now, again, a reminder my next podcast will be January 10th. I'm taking a break so there will be no podcast on December 27th. I'll talk to you then! Bye for now.   © 2024 Ron Robins, Investing for the Soul

MarketBuzz
1377: Marketbuzz Podcast with Kanishka Sarkar: Market to open little changed, NTPC Green Energy IPO opens today

MarketBuzz

Play Episode Listen Later Nov 19, 2024 4:33


Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 19 -The Nifty index recorded its seventh consecutive day of losses on November 18, marking its longest losing streak since February 2023. The index closed 0.34% lower to settle at 23,453, slipping below its 200-day moving average. -The Nifty IT index fell sharply by 2.3%, as comments from Federal Reserve Chair Jerome Powell, signaling a slower pace of rate cuts, weighed on domestic IT sentiment. Meanwhile, the Nifty Metal index outperformed, climbing 1.9% after China announced the withdrawal of export tax rebates on select aluminum and copper products. The move is expected to tighten global supply, benefiting Indian producers. -Besides, Honasa Consumer shares were locked at the 20% lower circuit limit at ₹297.25 following a disappointing earnings report. The stock has declined 30.36% year-to-date, making 2024 a challenging year for the company. -With Q2 earning season coming to a close and FII selling continuing, analysts expect Nifty to consolidate within a broad range due to the absence of any positive trigger. -Today's trading session will also see the opening of the ₹10,000 crore IPO of NTPC Green Energy. The price band is fixed between ₹102 and ₹108 per share. The offering comprises entirely fresh equity shares with no Offer for Sale (OFS) component. This IPO is the third-largest of 2024, trailing Hyundai Motor India and Swiggy. -This morning the #GIFTNifty was higher, trading at a premium of nearly 20 pts from Nifty Futures Monday close, indicating a flat-to-positive start for the Indian market -Asian equities advanced following gains in US stocks, after Treasuries halted a selloff that had pushed 10-year yields as high as 4.5%. Traders are closely watching any news around President-elect Donald Trump's planned administration. -MSCI's gauge of regional share climbed as much as 0.7% as benchmarks climbed in Japan, South Korea, China and Australia. The Nasdaq 100 outperformed Monday, with Tesla Inc. rising 5.6% on a news report Trump's transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities. -Overnight, the S&P 500 rose 0.4% on Monday, while the Nasdaq 100 climbed 0.7%. The S&P 500 Index will advance through the end of next year amid continued US economic expansion and earnings growth, according to Goldman Sachs Group Inc.'s chief equity strategist David Kostin -Bitcoin slipped in Asian trade after rising above $91,000 Monday. The crypto currency is back in the vicinity of an all-time peak, supported by a salvo of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump. -Oil was little changed after surging on Monday amid simmering geopolitical tensions. West Texas Intermediate rose to settle above $69 a barrel after the US gave Ukraine the green light to use long-range missiles inside of Russia, amping up tensions between the warring nations. -Gold extended its gains as Goldman Sachs reiterated a forecast for prices to reach $3,000 an ounce next year. Tune in to the podcast now for more cues

China Daily Podcast
英语新闻丨多方强烈反对欧盟对华电动汽车加征关税

China Daily Podcast

Play Episode Listen Later Oct 31, 2024 5:20


China does not acknowledge or accept the European Union's final ruling to impose additional tariffs on electric vehicles manufactured in the Chinese market, the Ministry of Commerce said on Wednesday, vowing to take all necessary measures to protect the interests of companies.10月30日,中国商务部表示,中方对欧盟对华电动汽车加征关税的终裁结果不认同、不接受,将继续采取一切必要措施坚决维护中国企业的合法权益。The European Commission, the EU's executive arm, announced on Tuesday the conclusion of its anti-subsidy investigation, resulting in the imposition of definitive countervailing duties on EVs produced in China. The measures will expire at the end of a five-year period unless an expiration review is initiated before that date, the commission said in a news release.10月29日,欧盟常设执行机构——欧盟委员会发布消息称结束了反补贴调查,决定对从中国进口的电动汽车征收最终反补贴税。欧盟委员会在新闻公告中称,除非在此之前启动失效审查,这些措施将在五年期满时失效。In response, China has filed a complaint under the World Trade Organization's dispute settlement mechanism.对此,中方已在世贸组织争端解决机制下提出诉讼。China has repeatedly pointed out that the EU's anti-subsidy investigation into EVs manufactured in China is irrational and fraught with numerous noncompliance issues, and is a protectionist move under the guise of "fair competition", the Ministry of Commerce said in an online statement.商务部的一份声明称,中方多次指出,欧盟对华电动汽车反补贴调查存在诸多不合理、不合规之处,是以“公平竞争”为名行“不公平竞争”之实的保护主义做法。Noting that the EU is still willing to continue talks on price commitments for Chinese-made EVs, the ministry said that China always advocates the resolution of trade disputes through dialogue and consultation.商务部指出,欧方表示将继续与中方就价格承诺进行磋商,中方始终主张通过对话磋商解决贸易争端。The EU's new tariffs will range from 7.8 percent for the Chinese output of United States EV maker Tesla Inc, to 18.8 percent for Zhejiang Geely Holding Group, and up to 35.3 percent for Shanghai-based carmaker SAIC Motor Corp, in addition to the EU's existing 10 percent duty on imported cars.除欧盟现有的10%进口汽车关税外,欧盟的新关税将从美国电动汽车制造商特斯拉公司在华产品的7.8%,到浙江吉利控股集团的18.8%,以及总部位于上海的汽车制造商上汽集团的35.3%不等。Other Chinese EV manufacturers face an average tariff of 20.7 percent, with rates reaching up to 35.3 percent for those classified as "noncooperative".其他中国电动汽车制造商面临的平均关税为20.7%,而那些被归类为“不合作”的公司将被征收高达35.3%的关税。SAIC Motor expressed disappointment on Wednesday with the decision and said that it plans to pursue necessary legal action by filing a lawsuit with the Court of Justice of the European Union to ensure its legitimate rights and interests.10月30日,上汽集团对这一裁定“深表遗憾”,并表示拟采取必要法律措施,将本案起诉至欧盟法院,维护自身合法权益。The Chinese automaker said that it is implementing a series of measures to strengthen its resilience against the EU's trade barriers.上汽集团表示,它正采取一系列措施以增强自身应对欧洲贸易壁垒的适应能力。These tariffs on Chinese, European and US EV producers operating in China neither enhance the EU's resilience in EV manufacturing nor promote innovation or job creation. Instead, they represent a politically motivated approach, the Brussels-based China Chamber of Commerce to the EU said on Wednesday.对在华经营的中国、欧洲和美国电动汽车生产商征收关税,既不能增强欧盟在电动汽车制造领域的应对能力,也不能促进创新或创造就业。10月30日,总部设在布鲁塞尔的欧盟中国商会表示,欧方所采取的终裁措施是政治驱动下的做法。Market watchers warned that these additional tariffs will likely intensify trade friction between China and the EU, and may trigger a global rise in trade protectionism within the automotive industry.市场观察家警告说,这些额外关税可能会加剧中国和欧盟之间的贸易摩擦,并可能引发全球汽车行业贸易保护主义的抬头。Zhang Yongjun, secretary-general of the China Center for International Economic Exchanges in Beijing, said that based on the principle of reciprocity, the EU's decision will inevitably trigger countermeasures, potentially having an impact on competitive EU export industries that trade with China.中国国际经济交流中心秘书长张永军表示,根据对等原则,欧盟的决定将不可避免地引发反制措施,有可能对欧盟对华贸易中具有竞争力的出口产业造成影响。"Under such circumstances, European consumers may suffer, facing either increased costs for Chinese EVs or limited options from alternative suppliers," he added.张永军补充:“在这种情况下,欧洲消费者可能会受到影响,要么面临中国电动汽车成本增加的问题,要么面临替代供应商选择有限的问题。”Wei Jianguo, former vice-minister of commerce, said that the EU's move could weaken Chinese investors' confidence in Europe, especially those in the automobile, power battery, industrial parts and logistics industries.商务部原副部长魏建国表示,欧盟此举可能会削弱中国投资者对欧洲的信心,尤其是汽车、动力电池、工业零部件和物流行业的投资者。Erik Solheim, former executive director of the United Nations Environment Program, told China Daily on Wednesday: "Tariffs on superior Chinese electric cars go contrary to all economic wisdom. It will make us all poorer and slow down the green transformation in Europe.10月30日,联合国环境规划署前执行主任埃里克·索尔海姆告诉《中国日报》:“对中国优秀的电动汽车征收关税违背了所有的经济智慧。它将使我们变得更加贫穷,并减缓欧洲的绿色转型。”"Green competition is a race to the top, tariffs and protectionism is a race to the bottom. Europe should invite investments from BYD and all the other Chinese car makers to help share technology and help shape competition so that European car makers can catch up."“绿色竞争是向上的竞争,关税和保护主义是向下的竞争。欧洲应该邀请比亚迪和所有其他中国汽车制造商投资,帮助分享技术,帮助形成竞争,这样欧洲汽车制造商才能迎头赶上。”Also on Wednesday, Foreign Minister Wang Yi reiterated China's opposition to the EU's tariff measure. The move clearly violates WTO rules and contradicts the principles of free trade, Wang said while meeting in Beijing with Finnish Foreign Minister Elina Valtonen.同样在30日,外交部长王毅重申中方反对欧盟加征关税的举措。王毅在北京同芬兰外长瓦尔托宁举行会谈时表示,此举明显违背世贸规则,违反自由贸易原则。China has always believed that openness leads to progress while protectionism has no future, and universally beneficial and inclusive economic globalization serves the interests of all parties, Wang added.王毅表示,中国始终认为开放才能进步,保护主义没有前途,普惠包容的经济全球化符合各方利益。Believing that dialogue is the best path forward, Chen Huiqing, head of the legal service branch at the Beijing-based China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said that talks remain the most effective way to prevent the escalation of bilateral economic and trade tensions.总部设在北京的中国机电产品进出口商会法律服务部主任陈惠清认为,对话是最好的出路,并表示会谈仍是防止双边经贸紧张局势升级的最有效途径。Currently, technical teams from both sides are engaged in a new phase of consultations, according to the Ministry of Commerce.据商务部消息,目前,双方技术团队正在进行新一阶段磋商。countervailing duty反补贴税World Trade Organization世界贸易组织tariffn. 关税trade barrier贸易壁垒

MarketBuzz
1362: Marketbuzz Podcast with Kanishka Sarkar: Market likely to start in the red, ITC, Dixon Tech in focus

MarketBuzz

Play Episode Listen Later Oct 25, 2024 5:04


Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 25 -The Nifty has now declined for four days in a row and is set for another weekly loss. For the week, the Nifty is down 1.8% so far. For an index, that did not decline for three straight weeks in 2024 until the last week, is now poised for its fourth straight weekly drop. -The underperformance of the Nifty on Thursday was led by the two FMCG heavyweights - Hindustan Unilever and ITC. -Stocks to watch: ITC, Dixon Technologies, Godrej Consumer Products, IndusInd Bank, United Breweries, Petronet LNG, MGL, Castrol India, Radico Khaitan, JSW Energy, IEX, Oracle Financial -Earnings: JSW Steel, Shriram Finance, Interglobe Aviation, BEL, Bandhan Bank, Bank of Baroda, BPCL, DLF, GMR Power, Go Fashion, HPCL, IDBI Bank, Inox Wind, Inox Green Energy, JM Financial, Krsnaa Diagnostics, Phoenix Mills, Poonawalla Fincorp, Praj Industries, Mahindra Holidays, MOIL, Macrotech, UTI AMC -GIFTNifty was trading flat this morning vs Nifty Futures' Thursday's close, indicating a muted-to-negative start for the Indian market. -In terms of global cues, major Asian equity benchmarks splintered between gains and losses Friday after Wall Street rallied for the first time this week as Tesla Inc. shares jumped. Equities in Japan fell while share indexes in Australia and South Korea advanced. US futures were little changed after the S&P 500 rose 0.2% and the Nasdaq 100 climbed 0.8%. The moves partly reflected the 22% leap for Tesla shares on strong earnings and a forecast outlining as much as 30% growth in car sales next year. -Gains for US stocks and bonds on Thursday came as US economic data showed new home sales beating estimates, initial jobless claims dropping and business activity expanding at a solid pace. -In commodities, oil advanced after dropping Thursday as oversupply concerns overshadowed the risks from Israel's potential retaliatory strike on Iran. Gold was steady Friday after edging higher in the prior day. Tune in to the Marketbuzz Podcast for more cues

MarketBuzz
1358: Marketbuzz Podcast with Kanishka Sarkar: Muted opening likely, HDFC Bank, Tech Mahindra to react to Q2 results

MarketBuzz

Play Episode Listen Later Oct 21, 2024 6:24


Welcome CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of October 21 -The market recorded its third consecutive weekly loss, marking the longest losing streak of 2024, despite a surge on Friday that helped reduce the decline. A recovery in banking majors during the final session helped pare some losses, with both the Nifty and Sensex closing above 24,860 and 81,220, respectively. -Sector performance was mixed, with banking, financials, and realty posting decent gains, while auto, metals, and FMCG sectors were the top losers. The broader indices reflected a similar trend, as the midcap index lost nearly a percent while smallcap closed slightly positive. -Today, in the absence of any major triggers, market participants will focus on upcoming earnings for direction. Shares of HDFC Bank, Kotak Mahindra Bank, and Tech Mahindra, which reported earnings over the weekend, will be in focus on Monday. -Earnings: UltraTech Cement, Hindustan Unilever, Bajaj Finance, Bajaj Finserv, HUL, SBI Life, ITC, Bharat Electronics, BPCL, HPCL, Coal India, JSW Steel, Shriram Finance, ICICI Bank. -Stocks to watch: Alembic Pharma, HDFC Bank, MCX, Star Cement -On the global front, Asia's benchmark stock index rose this morning, while gold touched a record high as tensions in the Middle East stoked demand for the asset as a haven. Australian stocks climbed, while Japanese equities swung between gains and losses. US futures rose after the S&P 500 notched up a sixth straight weekly increase, its longest winning streak this year following a slew of corporate results and signs the world's largest economy remains robust. -On Friday, US stocks closed their latest winning week with more records. The S&P 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 0.1%, to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped drive the market with a leap of 11.1% after the streaming giant reported stronger profit for the latest quarter than analysts expected. That was despite a slowdown in subscriber growth. -In US earnings this week, Tesla Inc. faces questions on its production targets and regulatory challenges after the unveiling of its much-hyped Cybercab failed to enthuse investors and quell concerns over its recent vehicle sales. -Now, despite the ongoing positivity in the US markets, the Indian markets have been largely unresponsive, a divergence likely to persist due to continued foreign fund outflows. Ajit Mishra of Religare Broking says that any change in the fund flow pattern would also be on the participants' radar. -This morning, the GIFT Nifty was trading flat versus Nifty Futures' Friday's close, indicating a muted-to-negative start for the Indian market. Tune in to Marketbuzz Podcast for more cues

Smartinvesting2000
October 12th, 2024 | Inflation, PPI (Producer Price Index), Gold (GLD), US Chicken Consumers, Retirement Goals, Roblox Corporation (RBLX), Tesla Inc. (TSLA) & Pinterest, Inc. (PINS)

Smartinvesting2000

Play Episode Listen Later Oct 11, 2024 55:40


Inflation comes in hotter than expected, is that a problem? The Consumer Price Index (CPI) showed September headline inflation was up 2.4% compared to last year, which was a little higher than the estimate of 2.3%. Core CPI, which excludes food and energy was up 3.3% compared to last year and it also came in a little higher than the expectation of 3.2%. While the numbers were a little hotter than expected, headline CPI was down from last month's reading of 2.5% and it registered the smallest increase since February 2021. It's come a long way from the high that was reached in June 2022 when headline inflation grew 9%. The major discrepancy between the headline and core number was energy. The energy index was down 6.8% compared to last year and gasoline prices had a major impact as they were down 15.3% over the same time frame. Shelter costs continued to have an outsized impact on the report as the index was up 4.9% over last year and accounted for over 65% of the 12-month increase in core CPI. The decline in inflation has continued to moderate, but overall, it has continued to trend in the right direction. While this report was somewhat disappointing, I don't think there is anything of major concern in this report. With the Fed's next meeting coming in November, it will be interesting to see how they interpret all the data as there are several factors that will have hopefully just a short-term impact on inflation and the labor market. These factors include both Hurricane Helene and Hurricane Milton as well as a Boeing strike that has had roughly 33,000 union workers on strike since September 13th. Given all this my estimate at this point in time would be that the Fed will do a quarter point cut at that November meeting.   What is PPI and how it can affect you as a consumer PPI stands for Producer price index. It's important to understand these monthly numbers because it will eventually have an effect on consumers. If the cost of producing something increases, that cost will generally be passed to the retail level where consumers purchase. While September headline PPI of 1.8% was higher than the expectation of a 1.6% increase, it is still a low level that shows no major concern on the inflation front. When excluding food and energy, PPI increased 2.8%. This was higher than the estimate of 2.7% and last month's reading of 2.6%. It was somewhat disappointing to see a small increase over last month's reading, but overall, it has continued to head in the right direction and at 2.8% I believe inflation at that rate is still manageable. It is worth keeping an eye on this data as the months progress, but it seems to have less impact on the markets now that inflation has become more manageable.   Gold is up about 28% year to date, here are a few important points to help you decide to buy, sell, or hold. I hear the thoughts out there that as interest rates decline, gold should rise and so far, that has held true. But if you go back in history, in the early 80s as interest rates fell so did gold. Let's say that correlation does hold true though, I'm not overly optimistic that we will see a large decline in the 10-year treasury as historically it yields about one and a half percent more than inflation. I believe inflation should be around 2-3% going forward. My other major concern for why I don't see long term rates falling much further is the United States continues to struggle with a huge debt load. Looking at gold purchasing, central banks from around the world including countries like China, India, and Poland bought more than 1,000 metric tons of gold in both 2022 and 2023, but in 2024 we have seen those purchases slow down. The countries have become a little bit more concerned given the large gain this year. Some of these countries could even consider locking in some profits and sell some of the gold they own. If you still insist on buying gold, you can buy the gold bars at Costco, which has been a huge hit for them, but if you notice they don't have a program to buy back gold. So when you want to sell those one ounce bars from Costco, you will have to go to a dealer who will charge a markup somewhere between five and 10%, which can eat into your gain more than you think. If you paid $2000 for gold and sold at $2700 you have a paper profit of 35%, but if you pay a 10% commission on that $2700, your gain drops to $430 which gives you an after commission gain of only 21.5%. Another option if you are looking to benefit from the price of gold is mutual funds and gold mining stocks, but because of the trading the returns don't track the performance of gold very well. If you really insist on adding gold to your portfolio, then I would suggest the best way to do it is an ETF like GLD, which has low fees and tracks closely the price of gold. Full disclosure, we do not hold any gold in our portfolio now nor do we plan on buying it in the near future!   US consumers love their chicken! In 2023 the average American consumed more than 100 pounds of chicken wings, legs, breasts and thighs, which was an all-time high. American farmers are cranking out about 10 million chickens per year. This includes various forms from organic, free range, antibiotic free, and the list goes on. Compared to beef and pork, chicken is a better value. Unfortunately, the price of chicken has increased dramatically over the last five years. Back in 2019, the average chicken was going for $3.11 per pound and today that average cost comes in at $4.08 per pound, which is $.97 more or a 31.1% increase. I personally consume a fair amount of chicken as I think it tastes good and it's also easy on your digestive system. I know the cost of chicken is up, but are you consuming the same amount of chicken you were five years ago?   Prioritize the Right Retirement Goals The most common goal when planning for retirement is to not run out of money. This is obviously important, but it should not be the only goal and in many cases, it should not even be the priority.  If you get to the point where your assets and income greatly exceed what is needed for your lifestyle, the chances of outliving your money decline and the priority should shift to income tax minimization.   For example, if you have a $2 million portfolio but only need $3,000 per month to supplement your social security or pension income, you probably won't ever run out of money.  However, if you don't implement the right tax strategies, you will end up paying way more than you need to and the longer you wait the worse it gets.  If your portfolio is $5 million to $10 million or more, you likely aren't too concerned with running out of money and you hopefully are implementing income tax reduction strategies.  However, at this point you should also be thinking about estate taxes.  This has been largely disregarded because the currently exemption amount for a married couple is so large at about $27 million.  In 2026 though this number is expected to be cut in half to around $14 million, and the tax rate on estates that exceed that will potentially increase from 40% to 45%. An estate worth $14 million is still quite large, but compounding interest is a powerful thing.  A portfolio of $5 million can easily exceed $20 million after 20 years of growth, and waiting to address this until your estate reaches the exemption limit makes tax planning more difficult and more expensive because the value of assets will only grow faster over time.  It is too common for people to fixate on not running out of money and end up neglecting their income and estate tax planning which ultimately just results in more taxes.   Companies Discussed: Roblox Corporation (RBLX), Tesla Inc. (TSLA) & Pinterest, Inc. (PINS)

MarketBuzz
1351: Marketbuzz Podcast with Kanishka Sarkar: Market likely to start in green, TCS, Zee Ent shares in focus

MarketBuzz

Play Episode Listen Later Oct 10, 2024 7:00


-Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session on October 10 -Ratan Tata, the former chairman of the diversified Tata Group and a towering figure in Indian business, passed away at the age of 86 last night. He has left behind a profound legacy of business leadership, global expansion, and a deep commitment to societal betterment, having reportedly donated 60–65% of his income to charitable causes. The state of Maharashtra has announced one day of state mourning. -The Nifty needed follow-up buying post Tuesday's rebound to confirm that a bottom has indeed been made for now. However, that was not to be. For a better part of Wednesday's trading session, the Nifty continued to move higher, carrying on from where it left off on Tuesday, but a swift reversal in the second half not only took the Nifty down from the day's high, but also end the session on a negative note. Reliance Industries and HDFC Bank have been leading the recent sell-off on the index as well. Adding to their underperformance was a sell-off in index FMCG names. ITC, Nestle India, Britannia, most of these names saw selling pressure over worries of them reporting weak results. -Thursday will be a very important trading session for the markets. Nifty will have its weekly options expiry, earnings season begins with TCS reporting results, the US will report its CPI figures for the month of September and other broader market names like Tata Elxsi and IREDA will also be reporting results. -Stocks to watch: Adani Enterprises, Vedanta, Infosys, Patanjali Foods, Britannia, JM Financial, PNC Infratech, Rain Industries, GR Infra, Star Health Insurance, Zee Entertainment -Asian equities rose Thursday after their US peers set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months. Shares in Japan, South Korea, Australia and China all advanced. -Back in the US, the S&P 500 rose 0.7% to a record high on Wednesday, its 44th of the year, with tech shares again propelling the gains. Apple Inc. climbed 1.7%. Nvidia Corp. halted a five-day rally while Tesla Inc. edged lower ahead of the Robotaxi launch. Alphabet Inc. fell 1.5% on news the US is weighing a Google breakup in a historic big-tech antitrust case. -US consumer price data to be released later Thursday is expected to show inflation further moderating, supporting the Fed's anticipated easing in the coming months. Despite this, market pricing indicates the likelihood of another 50 basis point rate cut is all but off the table following last week's strong jobs report. -Oil prices rose in early Asian trade on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida Brent crude futures were close to $77 a barrel. -GIFT Nifty was trading with a premium of more than 100 points from Nifty Futures' Wednesday close, indicating a gap-up start for the Indian market. Tune in to the podcast for more cues 

Ethical & Sustainable Investing News to Profit By!

Top Eco-Friendly Stocks are from the Corporate Knights rankings. Plus, Reddit's best ethical companies and an article listing Shariah-compliant stocks. By Ron Robins, MBA Podcast: Top Eco-Friendly Stocks Transcript & Links, Episode 137, September 6, 2024 Hello, Ron Robins here. Welcome to this podcast episode 137 published September 6, 2024, titled “Top Eco-Friendly Stocks.” It's presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing mentoring, news, commentary, information, and resources. Now, remember that you can find a full transcript and links to content – including stock symbols and bonus material – on this episode's podcast page at investingforthesoul.com/podcasts. Also, a reminder. I do not evaluate any of the stocks or funds mentioned in these podcasts, and I don't receive any compensation from anyone covered in these podcasts. Furthermore, I will reveal any personal investments I have in the investments mentioned herein. Additionally, quotes about individual companies are brief. Please go to this podcast's webpage for links to the articles for more company and stock information. ------------------------------------------------------------- 7 Best Ethical Companies To Invest In According to Reddit The first article I'm reviewing is titled 7 Best Ethical Companies To Invest In According to Reddit. It's by Affan Mir and found on insidermonkey.com. Here are some quotes. “Our Methodology The companies are listed in ascending order of the number of hedge fund holders as of the second quarter of 2024. The hedge fund data was taken from our database of over 900 elite hedge funds… Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. 7. HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Number of Hedge Fund Holders: 16 The company invests in behind-the-meter (BTM) building or facility-specific distributed energy projects, which are tailored to reduce energy consumption or costs for specific buildings or facilities. 6. Ecolab Inc. (NYSE:ECL) Hedge Fund Holders: 42 Ecolab Inc. … initially, the company focused on innovative cleaning products but has since become a major player in the water, hygiene, and energy sectors. The company serves various industries, including food processing, healthcare, hospitality, and manufacturing, by offering technology and services that ensure water quality and safety… In 2024, it was recognized as one of the World's Most Ethical Companies by Ethisphere for the 18th consecutive year. 5. Waste Management, Inc. (NYSE:WM) Hedge Fund Holders: 49 Waste Management, Inc. … Over the years, the company has evolved into a comprehensive waste management company with a vast operational footprint. 4. First Solar, Inc. (NASDAQ:FSLR) Hedge Fund Holders: 66 First Solar is an American company in the solar energy industry that specializes in manufacturing solar panels and developing utility-scale photovoltaic (PV) power plants. 3. Costco Wholesale Corporation (NASDAQ:COST) Hedge Fund Holders: 71 Costco Wholesale Corporation is a warehouse club that operates on a membership basis, offering a wide range of products. 2. NextEra Energy, Inc. (NYSE:NEE) Hedge Fund Holders: 73 NextEra Energy, Inc. … company operates a diverse portfolio through its subsidiaries, which include Florida Power & Light (FPL), NextEra Energy Resources (NEER), and NextEra Energy Partners. 1. NVIDIA Corporation (NASDAQ:NVDA) Hedge Fund Holders: 179 NVIDIA Corporation is a California-based prominent tech company… recognized for its groundbreaking advancements in graphics processing units (GPUs) and AI.” End quotes. ------------------------------------------------------------- Top 25 Eco-Friendly Companies in 2024 Now this next article should interest most of you. It's titled Top 25 Eco-Friendly Companies in 2024. It's by Meerub Anjum and found on finance.yahoo.com. Due to my time restrictions, the 25 companies are covered briefly. Go to the link on this episode's podcast page for the full article. Here are my brief quotes. “Methodology To compile our list of the top 25 eco-friendly companies in 2024, we utilized the sustainable investment ratio data for the global 100 companies from Corporate Knights. We then used the purchasing power parity revenue of companies as of 2023 to calculate the absolute sustainable revenue of companies. Finally, we ranked the top 25 eco-friendly companies in 2024 in ascending order of their absolute sustainable revenue. At Insider Monkey we are obsessed with the stocks that hedge funds pile into… Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). 25. Henkel AG & Co. (OTC:HENOF) In 2023, over 20% of its revenue was from sustainable products or services. 24. Risen Energy Co. Ltd. (SHE:300118) In 2023, Risen Energy Co Ltd generated 100% of its revenue from sustainable products and services. 23. Yadea Group Holdings Ltd. (OTC:YADGF) is an investment holding company engaged in the manufacturing and sale of two-wheeled electric vehicles and related accessories in China. 22. Kering SA (OTC:PPRUF) in 2024… it generated 26.5% of its revenue from sustainable products in 2023. 21. Nordex SE (OTC:NRXXY) The company is involved in the manufacturing and distribution of onshore wind turbines. 20. Hewlett Packard Enterprise Company (NYSE:HPE) is one of the most sustainable companies, boasting a sustainable revenue of 33.1%. 19. Li Auto Inc. (NASDAQ:LI) In 2023, Li Auto Inc generated 100% of its revenue from sustainable products. 18. Ricoh Company, Ltd. (OTC:RICOY) Ricoh Company, Ltd.'s sustainable revenue was 50.8% of its total revenue in 2023. 17. NIO Inc. (NYSE:NIO) is involved in the manufacturing and sale of smart electric vehicles in China. 16. Ørsted A/S (OTC:DNNGY) 65% of its revenue was from sustainable products and services in 2023. 15. SAP SE (NYSE:SAP) SAP SE generated nearly 30% of its revenue from sustainable products and services. 14. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) In 2023, 46.8% of its revenue was generated from sustainable services and products. 13. Banco do Brasil S.A. (OTC:BDORY) generated 28.6% of its revenue from sustainable products and services in 2023. 12. Neste Oyj (OTC:NTOIY) Its renewable products include renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics. 11. Sanofi (NASDAQ:SNY) In 2023, 27.2% of its revenue was from eco-friendly products and services. 10. Alstom SA is involved in the manufacturing of monorails, light rails, metros, commuter trains, regional trains, high-speed trains, and locomotives. 9. Samsung SDI Co. Ltd. (KRX:006400) provides lithium-ion batteries used in smartphones, tablets, laptops, and other devices including electric bikes and scooters. 8. Cisco Systems, Inc. (NASDAQ:CSCO) aims to achieve net zero emissions by 2040 and also incorporate circularity in 100% of its new products and packaging by 2025. 7. Vestas Wind Systems (OTC:VWDRY) 100% of its revenue is generated from eco-friendly products. 6. Bank of China Limited (OTC:BACHF) Nearly 17% of its revenue, which amounts to $25.9 billion, was from sustainable sources in 2023. 5. XPeng Inc. (NYSE:XPEV) 100% of its revenue is generated from sustainable products and services. 4. Schneider Electric S.E. (OTC:SBGSY) is involved in the production of inverters, solar panels, solar equipment, wind farm microgrids, power metering systems, and smart monitoring solutions, among others. 3. HP Inc. (NYSE:HPQ) reduced its Scope 1 and 2 emissions by 62% in 2023. 2. Tesla, Inc. (NASDAQ:TSLA) In 2023, 100% of its revenue was generated from sustainable products and services. 1. Apple Inc. (NASDAQ:AAPL) In 2023, it generated nearly 70% of its revenue from sustainable products and services.” End quotes. ------------------------------------------------------------- Top 10 Shariah Compliant Stocks by Market Cap Many ethical investors might not know that Shariah investing has similarities to ethical investing. This article briefly explains Shariah-based investing and the ethical stocks favored by the article's authors. It's titled Top 10 Shariah Compliant Stocks by Market Cap. Author(s) not mentioned, but found on amalinvest.com. Here are some quotes. “Islamic finance has grown significantly in recent years, with more investors seeking stocks that align with Shariah principles. Let's explore the top 10 Shariah compliant stocks by market capitalization, examining what makes them attractive to ethical investors and how they stack up in the global market… Shariah law prohibits investment in companies involved in certain activities, such as alcohol, gambling, pork products, and conventional financial services. Additionally, there are financial ratios that companies must meet to be considered compliant. Compliance vs. Halal It's crucial to note that ‘Shariah compliant' doesn't necessarily mean ‘halal.' Compliant companies may still have some activities that aren't permissible under Shariah law, but they don't exceed certain thresholds that would make them impermissible for investment. Now, let's examine our top 10 list: 1. Apple Inc. (AAPL) Compliance: Halal The tech giant Apple leads our list with an impressive market cap of $3.45 trillion. 2. NVIDIA Corporation (NVDA) Compliance: Halal NVIDIA, a leader in GPU technology and AI computing, comes in second with a market cap of $3.11 trillion. Its focus on cutting-edge technology and strong financial position contribute to its Shariah compliant status. 3. Alphabet Inc. (GOOGL) Compliance: Doubtful Google's parent company, Alphabet, holds the third spot. Despite its massive market cap, its compliance status is marked as doubtful. This could be due to its diverse range of services, which may include activities not fully aligned with Shariah principles. Bottom of Form 4. Amazon.com Inc. (AMZN) Compliance: Doubtful E-commerce giant Amazon is fourth on our list, but also carries a doubtful compliance status. This might be related to its involvement in streaming services that could include content not aligned with Shariah principles, or its financial services offerings. 5. Meta Platforms Inc. (META) Compliance: Doubtful Facebook's parent company, Meta, rounds out our top five. Its doubtful status could be due to concerns about content moderation and potential involvement in activities not fully aligned with Shariah law. 6. Eli Lilly and Co (LLY) Compliance: Halal Eli Lilly, a pharmaceutical company, is the first non-tech firm on our list. Its focus on healthcare and strong financial position contribute to its Shariah compliant status. 7. Broadcom Inc. (AVGO) Compliance: Halal Broadcom, a designer, developer, and global supplier of semiconductor devices, maintains a Shariah compliant status due to its focus on technology and solid financials. 8. Tesla Inc. (TSLA) Compliance: Halal Electric vehicle manufacturer Tesla is Shariah compliant, likely due to its focus on sustainable transportation and energy solutions, as well as its financial structure. 9. Walmart Inc. (WMT) Compliance: Doubtful Retail giant Walmart makes the list but with a doubtful compliance status. This could be due to the sale of products not permissible under Shariah law, such as alcohol or pork products. 10. Visa Inc. (V) Compliance: Halal Rounding out our top 10 is Visa, a financial services company. Its Shariah compliant status might surprise some, but it's likely due to its business model focusing on payment processing rather than traditional banking activities.” End quotes. ------------------------------------------------------------- 3 Green ETFs With Promising Upside And Long-Term Potential Now an article from Canada. It's titled 3 Green ETFs With Promising Upside And Long-Term Potential. It's by Pierre Raymond and seen on theglobeandmail.com. Here's some of what Mr. Raymond says about his picks. “1. iShare Climate Conscious & Transition MSCI USA (USCLi) One of the key objectives of the fund is to track the performance and investment results of large and mid-cap U.S. companies that are actively contributing to the low-carbon economy transition. Overall, the fund has delivered a one-year return of 23.10%, slightly below the benchmark of 23.16%. 2. Carbon Transition U.S. Equity ETF (JCTR) provides investors exposure to the broader U.S. market by positioning the fund to benefit from companies that invest in the low-carbon economy transition… The fund delivered one-year quarterly returns of 24.40%, similar to that of the JPMAM Carbon Transition U.S. Equity Index. 3. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) which seeks to track the performance of the Solactive ISS ESG U.S. Net Zero Pathway Enhanced Index… The current one-year return is 24.44% versus 24.54% of the underlying index, and 24.56% of the S&P.” End quotes. ------------------------------------------------------------- One other great article that time didn't allow me to review here. 3 Franklin Templeton Mutual Funds for Sustainable Returns. It's by Zacks Equity Research and was found on finance.yahoo.com.  ------------------------------------------------------------- Ending Comment These are my top news stories with their stock and fund tips for this podcast “Top Eco-Friendly Stocks.” Please click the like and subscribe buttons wherever you download or listen to this podcast. That helps bring these podcasts to others like you. And please click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope and prosperity in these troubled times! Contact me if you have any questions. Thank you for listening. Now my next podcast will be September 20th. I'll talk to you then! Bye for now.   © 2024 Ron Robins, Investing for the Soul  

Minimum Competence
Legal News for Fri 7/26 - CA SC Upholds Prop 22, Kagan Proposes SCOTUS Ethics Enforcement, Apple Voluntarily Adopts Biden AI Safeguards, Status of Trump's Conviction

Minimum Competence

Play Episode Listen Later Jul 26, 2024 19:13


This Day in Legal History: Dutch Low Countries Independence from SpainOn July 26, 1581, the Dutch Low Countries signed the Plakkaat van Verlatinghe, also known as the Act of Abjuration, formally declaring their independence from Spanish rule. This monumental document marked the culmination of a prolonged struggle against the oppressive policies of the Spanish Habsburgs, particularly under King Philip II. The Act of Abjuration justified the Dutch rebellion by asserting that a ruler who does not protect his subjects and instead oppresses them loses his legitimacy. The declaration was a pivotal moment in the Eighty Years' War (1568–1648), which ultimately led to the establishment of the Dutch Republic.The Act of Abjuration is often compared to the later Declaration of Independence of the United States, as both documents articulate the right of a people to overthrow an unjust ruler. The Dutch provinces, driven by the desire for religious freedom, economic independence, and political autonomy, took a bold step in severing ties with one of the most powerful empires of the time. The Plakkaat van Verlatinghe underscored the principle that sovereignty resides with the people, a concept that would influence political thought in Europe and beyond.By declaring their independence, the Dutch not only sought to free themselves from tyranny but also set a precedent for future nations seeking self-determination. The Act of Abjuration remains a significant milestone in the history of democracy and the fight for human rights. It symbolizes the enduring struggle for freedom and justice, themes that continue to resonate in contemporary political discourse.The California Supreme Court has upheld Proposition 22, allowing Uber, Lyft, and other gig economy companies to classify drivers as independent contractors. This unanimous decision supports the 2020 voter-approved law, preventing a significant shift in labor costs and maintaining the companies' current business models. Had the ruling gone against Prop 22, these companies would have faced increased costs and operational challenges in California, one of their largest markets.Following the ruling, shares of Uber, Lyft, DoorDash, and Instacart surged, though the gains later moderated. Justice Goodwin H. Liu stated that California's constitution does not prevent voters from passing initiatives affecting workers' compensation. He emphasized that this ruling does not bar future legislative decisions to extend workers' compensation benefits to independent contractors.Gig companies hailed the decision, emphasizing that it reflects the will of millions of Californians. However, labor advocates criticized the ruling, arguing it unfairly burdens gig workers by denying them essential protections like minimum wage, sick leave, and overtime pay. Advocates, including the plaintiff Hector Castellanos, renewed calls for unionization to combat these perceived inequities.The ruling is seen as a victory for gig economy companies but signals ongoing legal and legislative battles. States like Massachusetts, New York, Washington, and Minnesota have tackled gig worker classifications with varying strategies, indicating the complexity and ongoing nature of this issue.California Gig Workers to Remain Contractors, Prop 22 Upheld (2)Justice Elena Kagan has proposed that Chief Justice John Roberts appoint a panel of experienced and respected judges to enforce the US Supreme Court's newly adopted code of conduct. Speaking at a judicial conference in Sacramento, Kagan expressed trust in Roberts to establish such a committee. This suggestion comes amid controversy over reports of lavish gifts received by Justice Clarence Thomas, highlighting the need for an enforcement mechanism to accompany the recently adopted code of conduct.Kagan acknowledged the challenges in determining who should enforce ethics rules for the justices but emphasized the necessity of finding a solution. During her discussion at the US Court of Appeals for the Ninth Circuit's annual judicial conference, she also criticized the practice of justices writing multiple opinions in a single case. She argued that this complicates the work of lower courts and prevents the Supreme Court from providing clear guidance.Kagan specifically mentioned the court's fractured decision in United States v. Rahimi, where seven justices wrote separate opinions despite only one dissent. This case, which upheld a federal gun law related to domestic violence, illustrated divisions among the justices on interpreting firearm restrictions. Kagan's comments follow a term marked by several controversial Supreme Court decisions, including limiting federal regulatory power and providing immunity to former President Donald Trump for certain official acts.Elena Kagan Endorses High Court Ethics Enforcement Mechanism (1)Apple Inc. has agreed to adopt a set of voluntary artificial intelligence (AI) safeguards established by President Joe Biden's administration. These safeguards aim to guide the development of AI technology and encourage companies to protect consumers. Apple joins other tech giants like OpenAI Inc., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., and Microsoft Corp. in committing to test their AI systems for discriminatory tendencies, security flaws, and national security risks. The companies also pledge to share test results transparently with governments, civil society, and academia, and report any vulnerabilities.This commitment coincides with Apple's plan to integrate OpenAI's chatbot, ChatGPT, into its iPhone voice-command assistant. However, Elon Musk, CEO of Tesla Inc., has threatened to ban Apple devices from his companies if OpenAI's software is integrated at the operating system level, citing security concerns. Musk has his own AI startup, xAI, which has developed a chatbot named Grok.AI technology has become mainstream, but its use in areas like law enforcement, hiring, and housing has faced criticism for fostering discrimination. President Biden has emphasized the benefits of AI while also warning of its potential dangers, advocating for responsible industry practices. Although the White House guidelines are comprehensive, they are not enforceable, relying on companies to adhere to the standards voluntarily.In response to the challenges of regulating AI, Biden signed an executive order last year requiring powerful AI systems to undergo testing to be eligible for federal government purchase. He is set to receive an update on the implementation of this directive. Meanwhile, a bipartisan group of lawmakers in Congress has expressed interest in regulating AI, but legislation has not yet been prioritized.Apple to Adopt Voluntary AI Safeguards Established by BidenManhattan prosecutors argued that Donald Trump's conviction should stand despite a Supreme Court ruling that presidents cannot face criminal charges for official acts. In a recent court filing, prosecutors emphasized that the charges against Trump involved personal conduct, specifically the hush money payment to Stormy Daniels, and were unrelated to his presidential duties. Trump was convicted on 34 felony counts for falsifying business records to cover up the payment made by his lawyer, Michael Cohen, before the 2016 election. Trump denies the encounter and plans to appeal the verdict. Legal experts believe the request to overturn the conviction is unlikely to succeed as the conduct predates Trump's presidency. Trump's defense claimed the prosecution improperly used evidence of his official acts during the trial, including Twitter posts and testimonies from White House aides, but prosecutors argued these were related to personal matters. The judge, Juan Merchan, postponed sentencing to September 18 to allow Trump's lawyers to present their case. If the conviction is upheld, sentencing will proceed, and Trump can then appeal to a higher court.Trump hush money prosecutors say conviction should stand despite immunity ruling | ReutersThis week's closing theme is by Ludwig van Beethoven, a composer of some note.Ludwig van Beethoven, one of the most revered composers in the history of Western music, was born in 1770 in Bonn, Germany. His innovative compositions bridged the Classical and Romantic eras, leaving an indelible mark on music that continues to inspire and move audiences worldwide. Despite becoming profoundly deaf in his later years, Beethoven's prolific output includes symphonies, concertos, string quartets, and piano sonatas, showcasing his genius and resilience.One of his most remarkable works is the Piano Sonata No. 32 in C minor, Op. 111, completed on July 28, 1822. This sonata is the last of Beethoven's 32 piano sonatas, representing the culmination of his explorations in the genre. The piece is notable for its profound depth, structural innovation, and emotional intensity, characteristics that reflect Beethoven's mature style.The sonata consists of two contrasting movements. The first movement, "Maestoso - Allegro Con Brio Ed Appassionato," opens with a dramatic, solemn introduction that sets the stage for the ensuing allegro. This section is marked by its passionate energy, dynamic contrasts, and intricate rhythms, driving forward with a relentless, almost fateful momentum. The movement's thematic material is both complex and expressive, embodying Beethoven's masterful ability to fuse technical brilliance with deep emotional expression.The "Maestoso - Allegro Con Brio Ed Appassionato" serves as a testament to Beethoven's ingenuity and his capacity to convey profound human experiences through music. It challenges the performer with its technical demands while offering listeners a rich, emotional journey. The sonata's significance lies not only in its technical mastery but also in its philosophical depth, inviting interpretations that delve into the realms of struggle, resolution, and transcendence.As we close our week of shows we invite you to immerse yourself in the powerful and evocative sounds of Beethoven's Piano Sonata No. 32 in C minor, Op. 111. Let the intensity and passion of the first movement, "Maestoso - Allegro Con Brio Ed Appassionato," carry you through its intricate and emotive landscapes. Enjoy this timeless piece and allow Beethoven's genius to resonate within you.Without first ado, the first movement of Beethoven's Piano Sonata No. 32 in C minor, Op. 111, enjoy.  This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Minimum Competence
Legal News for Fri 7/19 - SCOTUS Dismissive of 5th Circuit, Espionage Conviction of Gershkovich, Student Loan Relief Blocked and Tesla Lawyers on the Move

Minimum Competence

Play Episode Listen Later Jul 19, 2024 15:32


This Day in Legal History: Pennsylvania First Movie Censorship LawsOn July 19, 1911, Pennsylvania enacted the first movie censorship laws in the United States, marking a significant moment in legal and cultural history. These laws empowered a state board to review and censor films, aiming to protect the public from what were considered immoral or indecent content. This move sparked a wave of similar legislation across the country, as other states quickly followed Pennsylvania's lead. The push for film censorship reflected broader societal concerns about the influence of motion pictures on public morals, especially on the youth.The legal landscape for film censorship was further solidified in 1915 when the US Supreme Court upheld the constitutionality of these laws in the case of Mutual Film Corporation v. Industrial Commission of Ohio. The Court ruled that movies were a form of business, not art, and therefore not entitled to First Amendment protections. This decision effectively endorsed the states' rights to regulate the burgeoning film industry, leading to widespread and varied censorship practices.It wasn't until 1952, with the case of Joseph Burstyn, Inc. v. Wilson, that the Supreme Court reversed this stance, recognizing films as a form of expression protected under the First Amendment. This pivotal shift underscored the evolving understanding of free speech and the role of movies in American culture. Pennsylvania's early censorship laws thus set the stage for a decades-long debate over the balance between regulation and freedom of expression in the arts.Over the past two terms, the U.S. Supreme Court has dismissed five significant cases from the conservative-leaning 5th U.S. Circuit Court of Appeals on the grounds of lacking legal standing. These cases involved controversial issues like abortion rights, online free speech, federal student loans, immigration, and Native American child welfare. By overturning these rulings, the Supreme Court emphasized the necessity for plaintiffs to demonstrate concrete and non-speculative injury to sustain their cases. This approach aims to reduce the number of politically charged lawsuits, often filed in states within the 5th Circuit due to its conservative reputation.Legal experts note that this trend marks a push for stricter judicial gatekeeping. The Supreme Court's 6-3 conservative majority has reinforced limits on standing, even affecting conservative plaintiffs and Republican-led states. This shift has been evident in cases such as Texas and Louisiana's challenges to Biden's immigration policies, and anti-abortion groups' attempts to restrict access to mifepristone. Notably, some decisions were unanimous, while others saw sharp divisions among the justices.The doctrine of legal standing prevents courts from resolving policy disputes better suited for legislative arenas. Historically, liberals tested the boundaries on standing, but recent rulings show a change in this dynamic. The Supreme Court's actions could limit state attorneys general from frequently suing over opposing presidential policies, altering the landscape of American judicial proceedings. US Supreme Court is making it harder to sue - even for conservatives | ReutersOn July 19, 2024, a Russian court sentenced U.S. journalist Evan Gershkovich to 16 years in a maximum security penal colony on charges of espionage, a verdict his employer, the Wall Street Journal, condemned as a "disgraceful sham conviction." Gershkovich, 32, was accused of attempting to gather sensitive information about a tank factory in Yekaterinburg and became the first U.S. journalist charged with spying in Russia since the Cold War. His arrest in March 2023 prompted many Western journalists to leave Moscow. The court, citing state secrecy, held the trial behind closed doors, fueling speculation about a potential U.S.-Russia prisoner exchange.During the hearing, Gershkovich, who maintained his innocence, stood in a glass cage and listened to the judge's rapid verdict. The judge ruled that the 16 months Gershkovich had already spent in detention would count towards his sentence. The Wall Street Journal and Gershkovich's colleagues expressed outrage and pledged to continue efforts for his release, emphasizing that journalism is not a crime.Russian prosecutors alleged that Gershkovich was gathering secret information for the CIA about a company manufacturing tanks for Russia's war in Ukraine. The factory in question, Uralvagonzavod, has been sanctioned by the West. The rapid conclusion of the trial suggests a potential prisoner exchange could be on the horizon, though the Kremlin has not commented on this possibility.Gershkovich's case has drawn attention to the risks faced by journalists in Russia, with his sentencing seen as a warning to Western reporters. Despite his imprisonment, Gershkovich has remained resilient, engaging with friends through letters and reading Russian literature. This conviction highlights the ongoing tension between Russia and the West, and the precarious position of foreign journalists in Russia.Russian court jails US reporter Gershkovich for 16 years in spying case his employer calls a sham | ReutersOn July 18, 2024, the 8th U.S. Circuit Court of Appeals blocked President Joe Biden's new student debt relief plan, halting its implementation. This decision came after seven Republican-led states requested a hold on the U.S. Department of Education's Saving on a Valuable Education (SAVE) Plan, which aimed to reduce monthly payments for millions of borrowers. The ruling followed a previous decision by U.S. District Judge John Ross that partially blocked the plan by preventing further loan forgiveness.Missouri Attorney General Andrew Bailey, who led the effort against the SAVE Plan, praised the ruling as a victory for Americans who believe in self-reliance. He criticized the plan, arguing it would burden taxpayers with significant debt. An Education Department spokesperson indicated they were assessing the ruling and would communicate with affected borrowers while defending the plan.The SAVE Plan, announced by Biden in 2022, was part of a broader $430 billion initiative to cancel up to $20,000 in debt for eligible Americans, but this broader program was blocked by the Supreme Court in June 2023. The SAVE Plan, which partially took effect on July 1, promised more favorable repayment terms and aimed to benefit over 20 million borrowers, with 8 million already enrolled.Despite already granting $5.5 billion in relief to 414,000 borrowers, the plan's estimated cost of $156 billion over ten years is disputed by Republican state attorneys general, who argue the actual cost is closer to $475 billion. The legal battle over the SAVE Plan continues, with parts of it also being contested in other courts.US appeals court blocks all of Biden student debt relief plan | ReutersTwo former Tesla Inc. lawyers have recently secured prominent legal roles at new companies. David Misler, previously an associate general counsel at Tesla, has been appointed general counsel and corporate secretary for BusPatrol America LLC. Misler, who joined Tesla from the US Securities and Exchange Commission, announced his departure from Tesla to pursue new challenges.Emily Lough, Tesla's former chief intellectual property counsel, has been named general counsel for Cohu Inc., a semiconductor equipment manufacturer. Lough transitioned to Cohu as an assistant general counsel in late 2023.These moves are part of a broader trend of former Tesla lawyers landing significant positions at other firms, from startups to established enterprises. Tesla has experienced considerable turnover, with CEO Elon Musk known for his demanding management style. Recently, Tesla sought shareholder approval for Musk's $56 million pay package and experienced high-profile executive departures amid a workforce reduction of over 10%.Despite this churn, Tesla continues to bolster its legal team, actively recruiting for legal and government affairs roles. Since mid-2022, the company has been enhancing its in-house litigation team, with Tesla's general counsel, Brandon Ehrhart, inviting new recruits via LinkedIn.Misler, now leading the legal team at BusPatrol, is enthusiastic about contributing to the company's AI-driven school bus safety technology. Meanwhile, Lough succeeds Thomas Kampfer at Cohu, who received substantial compensation in his previous role.Both Misler and Lough reflect the ongoing trend of Tesla alumni moving into key legal roles in other organizations, highlighting the dynamic and challenging environment at Tesla and the high demand for its experienced legal professionals.Tesla Lawyers Get Top Legal Roles Elsewhere as Churn ContinuesThis week's closing theme is by Frédéric Chopin.This week, we delve into the world of Romantic-era music with a focus on one of the most beloved composers of that period, Frédéric Chopin, and his exquisite "Nocturne No. 2 in E-flat Major, Op. 9, No. 2." Born in 1810 in Poland, Chopin is celebrated for his profound contributions to piano music, blending lyrical beauty with technical brilliance. His nocturnes, a series of short piano pieces, are among his most admired works, characterized by their expressive melodies and delicate phrasing."Nocturne No. 2" stands out for its serene and lyrical qualities, encapsulating the essence of Chopin's style. Written in 1830-1832, this piece demonstrates his ability to evoke deep emotion through subtle harmonic shifts and intricate ornamentation. The piece begins with a gentle, flowing melody that is gracefully embellished, creating a dreamlike atmosphere. The central section introduces a more dramatic contrast, yet it returns to the initial theme, now even more richly adorned, before concluding with a tranquil coda.Chopin's nocturnes were heavily influenced by the works of Irish composer John Field, who pioneered the form. However, Chopin expanded upon Field's ideas, infusing them with his unique poetic sensibility and pianistic innovation. "Nocturne No. 2" is a prime example of this, showcasing Chopin's mastery of the piano and his profound understanding of musical expression.As this week's closing theme, "Nocturne No. 2" invites listeners to immerse themselves in its serene beauty and reflective mood, offering a perfect end to any musical exploration. This piece not only highlights Chopin's genius but also serves as a testament to the enduring power of Romantic music to move and inspire. Without further ado, enjoy the peaceful elegance of Chopin's "Nocturne No. 2," a timeless gem in the piano repertoire. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Bookey App 30 mins Book Summaries Knowledge Notes and More
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future

Bookey App 30 mins Book Summaries Knowledge Notes and More

Play Episode Listen Later Jun 19, 2024 2:00


Chapter 1:Summary of elon musk Book"Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future" by Ashlee Vance, published in 2015, is a biography that delves into the life and career of Elon Musk, one of the most intriguing and ambitious entrepreneurs and innovators of the 21st century. Known for his roles in founding or leading companies such as PayPal, SpaceX, Tesla Inc., and Neuralink, Musk has been a pivotal figure in pushing the boundaries of technology and industry.The book provides an in-depth look at Musk's early life, from his days as a child in South Africa to his emigration to the United States via Canada. It covers his educational journey, entrepreneurial ventures, and the personal challenges he faced along the way. Vance conducted numerous interviews with Musk himself, as well as with friends, family, and colleagues, to paint a detailed portrait of a relentless optimist driven by a vision for a better future.Key themes in the book include:1. Innovation and Vision: Musk's commitment to major problems facing humanity, like sustainable energy and space colonization, showcases his desire to work on projects that can fundamentally change our world.2. Challenges and Setbacks: The biography doesn't shy away from the numerous hurdles Musk faced, including conflicts at PayPal, Tesla's near failures, and SpaceX's rocket explosions. Each serves as a testament to his persistence and resilience.3. Leadership and Management Style: Musk is portrayed as a demanding but visionary leader, often expecting as much commitment from his employees as he devotes himself.4. Personal Life and Character: Insights into Musk's personal life, including his relationships and unique personal challenges, offer a comprehensive look at what drives him and affects his professional undertakings.Overall, "Elon Musk" by Ashlee Vance gives readers an intimate examination of a man tackling some of the most daunting challenges with a mix of intelligence, ambition, and a relentless pursuit that continues to capture public imagination. It's not just a tale of technological innovation, but a complex account of what it takes to disrupt deeply entrenched global industries.Chapter 2:the theme of elon musk Book"Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future" by Ashlee Vance, published in 2015, is a comprehensive biography of the tech mogul Elon Musk, detailing his childhood, personal evolution, and professional dynamics while discussing the development and impact of his major businesses—Tesla, SpaceX, and SolarCity. Key Plot Points:1. Early Life and Inspiration: The biography starts with Musk's early years in Pretoria, South Africa, detailing a tough childhood, an avid interest in reading, and early signs of extraordinary creativity and tenacity.2. Migration to North America: Musk's journey continues from South Africa to Canada and finally to the United States, driven by his dreams to make significant changes in technology and humanity's future.3. Zip2 and PayPal: Vance explores Musk's entry into the tech world with Zip2 and later PayPal, outlining how these experiences helped shape Musk's attitude towards business and his relentless pursuit of success.4. SpaceX: One of the central themes is Musk's founding of SpaceX with the dream of making space travel affordable and his ultimate goal of colonizing Mars. The trials and failures leading to successful rockets like the Falcon 1, Falcon 9, and Dragon spacecraft are crucial plot points.5. Tesla Motors: Musk's involvement with Tesla Motors, its struggles during the financial crisis of 2008, and its revolutionary impact on the automotive industry by focusing on electric cars form another critical plot point.6. SolarCity and Renewable Energy: Vance discusses Musk's vision of a sustainable energy economy, illustrated by his investment

Minimum Competence
Legal News for Tues 5/14 - Perkins Coie Expands to London, Menendez Corruption Trial Jury Selection, DE Hearing on Fees, Challenges to Youth Climate Lawsuit and Pentagon Leaker Teixeira's Proceedings

Minimum Competence

Play Episode Listen Later May 14, 2024 9:31


This Day in Legal History: Constitutional Convention AssemblesOn May 14, 1787, a pivotal moment unfolded in American history as delegates from each state began to gather in Philadelphia for what would be known as the Constitutional Convention. This assembly was critical in shaping the nation's future, aimed at addressing the deficiencies of the Articles of Confederation—the loose framework that initially bound the states together after independence.As the delegates arrived, the stakes were incredibly high. The existing government structure under the Articles was proving inadequate in managing various critical issues, such as interstate disputes and financial instability. The Philadelphia meeting was convened to create a more robust federal government while ensuring that individual liberties were not infringed upon.Notably, every state except Rhode Island sent representatives to the Convention. Among the attendees were some of the most distinguished figures of the era, including George Washington, who was unanimously elected as the president of the convention, and James Madison, now considered the "Father of the Constitution" due to his pivotal role in drafting the document.The convention sessions were held in strict secrecy, a decision made to foster open debate and prevent external influences. The result of the intense deliberations, which continued until September 17, was the creation of a new Constitution. This document established a stronger federal government with separate executive, legislative, and judicial branches, fundamentally changing the direction of the United States.The ratification process that followed was another intense debate, reflective of the diverse viewpoints within the states about the balance of power between state and federal authorities. The Federalist Papers, written by Alexander Hamilton, James Madison, and John Jay, played a crucial role in persuading the public and state legislatures to adopt the new Constitution.Today, the Constitution remains a living document, central to American law and governance, illustrating the enduring legacy of the decisions made during those historic months in Philadelphia. The events of May 14, 1787, mark not just the beginning of the Constitutional Convention but also the starting point of a constitutional democracy that would influence governance structures worldwide.Perkins Coie, a Seattle-founded law firm, is expanding its global footprint by launching a new office in London. The London office will be led by Ian Bagshaw, former co-head of White & Case's global private equity practice, who joined Perkins Coie after leaving Big Law to chair a startup. Joining him are three other former White & Case lawyers, including Jan Andrusko, who will serve as the European head of M&A for Perkins Coie.The London office aims to tap into the local and European markets for venture capital, private equity, and startups, leveraging the firm's established tech-sector expertise in the U.S. Perkins Coie plans to offer a comprehensive range of services through this single European hub, focusing on privacy, technology transactions, and M&A, without pursuing a network of offices across Europe.This strategic move marks Perkins Coie's first establishment outside of the U.S. and Asia. In 2021, the firm ranked 43rd largest in the U.S. by revenue, with earnings of $1.2 billion. The London office will initially feature a corporate group but may expand to include intellectual property and litigation services to provide a more rounded offering to tech-focused corporate clients.Ian Bagshaw, along with partners Jan Stejskal, Craig Fagan, and Barry O'Driscoll, and senior counsel Jan Jakoubek, are part of the founding team. They bring significant experience in private equity, cross-border M&A, and corporate law, aiming to recreate the startup culture prevalent in the U.S. within the European context. Bagshaw highlighted the startup-like environment of the new office and his motivation to build a new business with a clear strategic direction as key factors in his move to Perkins Coie.The focus on privacy and technology transactions in the new office is significant. These areas are crucial in the tech sector, involving the handling of sensitive data and the execution of tech-related deals, which are key growth areas in European legal markets. This strategic choice underlines Perkins Coie's intent to leverage their U.S. strengths in a new market, reflecting broader trends in global law practice where specialization aligns with industry needs.Perkins Coie Launches London Office, Eyeing Start-Up Tech MarketJury selection for U.S. Senator Robert Menendez's corruption trial resumed on May 14, 2024, in Manhattan federal court, with charges stemming from an alleged bribery scheme involving foreign governments. Menendez, a New Jersey Democrat, has denied wrongdoing, pleading not guilty to 16 charges, including bribery, fraud, acting as a foreign agent, and obstruction. The trial also involves two New Jersey businessmen, Wael Hana and Fred Daibes, and Menendez's wife, Nadine, who will be tried separately due to medical reasons.The accusations detail that Senator Menendez accepted substantial bribes, including cash, gold bars, and a luxury car, in return for political favors to the governments of Egypt and Qatar. The FBI discovered much of the cash hidden at the Menendezes' home. Menendez allegedly facilitated arms deals for Egypt and attempted to secure a monopoly for Hana on halal meat certifications to Egypt. He is also charged with attempting to influence a Qatari investment fund on behalf of Daibes and interfering in a criminal case against him.Despite the severity of these charges, Menendez has not resigned but has stepped down from his role as the leader of the Senate Foreign Relations Committee. His previous legal troubles in 2017, involving a wealthy Florida ophthalmologist, ended in a mistrial. As the current trial unfolds, Menendez faces significant public disapproval in New Jersey, complicating any potential reelection efforts. His wife's trial is scheduled for July 8, where health concerns will play a central role, and Menendez might shift blame to her as part of his defense strategy.Jury selection to resume in US Senator Menendez's corruption trial | ReutersThe Delaware Supreme Court is set to hear an appeal concerning a substantial attorney fee award in a lawsuit involving Dell Technologies Inc. and a $1 billion stockholder settlement over a stock conversion, which was allegedly coerced by Michael Dell and Silver Lake LLC in 2018. This case, which is notable for its rare nine-figure fee award, reflects a broader discussion in Delaware about how much plaintiffs' attorneys should be compensated in significant legal settlements.In this particular case, attorneys who facilitated the historic settlement were awarded $267 million, which represents the second-highest fee ever awarded in the state's Chancery Court history. This award is currently being challenged by Pentwater Capital Management LP, which argues that the 27% fee is excessively generous and constitutes a windfall.The appeal comes at a time when Delaware's courts are also considering other large fee requests, including two involving Tesla Inc., where one case seeks a $230 million fee for a settlement concerning board compensation, and another involves an investor challenging CEO Elon Musk's pay package.The Delaware courts have historically used a multi-factor test to determine the fairness of legal fees, which considers the complexity of the case, the attorneys' skill and experience, and the risk of contingency. The debate over these fees has even drawn input from law professors, with some advocating for a declining-percentage method used in federal courts, which reduces the percentage fee as the settlement amount increases.This ongoing legal debate highlights the evolving challenges and considerations in determining reasonable compensation for legal services in major corporate litigation, especially in a state known for its significant corporate law cases.Dell Fee Request at Delaware High Court Could Impact Tesla SuitsThe legal battle involving 21 young plaintiffs in a significant U.S. climate lawsuit has reached a precarious point following a recent decision by the U.S. Court of Appeals for the Ninth Circuit. The court granted a February request from the Justice Department to dismiss the case, known as Juliana v. US, directing Judge Ann Aiken of the U.S. District Court for the District of Oregon to terminate it. This lawsuit, aiming for government accountability on climate action, has seen setbacks before, including a 2020 dismissal where the plaintiffs' demands for more aggressive government intervention against global warming were deemed beyond judicial capability to grant.The plaintiffs, represented by Our Children's Trust, are now considering limited options, such as requesting a full panel rehearing at the Ninth Circuit or potentially escalating the matter to the U.S. Supreme Court. However, legal experts, including Michael Gerrard of Columbia University's Sabin Center for Climate Change Law, caution against the latter due to the Supreme Court's current composition, which may not be favorable towards climate-related cases.The recent ruling underscores judicial hesitancy to engage in what is seen as policy-making—a realm typically reserved for the legislative branch. Despite this, the plaintiffs' lawyer, Julia Olson, argues that a court declaration recognizing the unconstitutional nature of current government practices could be transformative, similar to past court interventions that advanced justice and equality. Yet, the feasibility of such outcomes appears increasingly doubtful under prevailing legal standards and judicial perspectives.With these challenges, some suggest that initiating a new lawsuit with updated claims might offer a more straightforward route, given the ongoing and emerging government failures in addressing climate change since the initial 2015 filing. This strategy could potentially bypass previous legal obstacles, presenting fresh grounds for legal arguments based on more recent developments in climate policy and its failures.Youth Climate Lawsuit Faces Dire Path After Ninth Circuit RulingJack Teixeira, a 22-year-old member of the Massachusetts Air National Guard, is facing further legal challenges after already pleading guilty to serious national security breaches involving the leak of classified documents. Teixeira, who had been arrested in April 2023, admitted to charges related to leaking sensitive information on military operations, including details about the war in Ukraine, under a deal with the U.S. Department of Justice that proposed a minimum of 11 years in prison. Despite this civilian court case, the Air Force has opted to pursue additional military charges against him, which could lead to another 10 and a half years in prison if he is convicted.These military charges include obstructing justice and failing to obey a lawful order, with a hearing set to take place at Hanscom Air Force Base in Massachusetts to assess whether the evidence is substantial enough to proceed to a court-martial. Teixeira, who worked as a cyber defense operations journeyman with top-secret security clearance, reportedly shared classified information on various international issues through a messaging app, impacting U.S. and global security interests. His sentencing for the civilian charges is scheduled for September 27.Pentagon leaker Jack Teixeira faces US military justice hearing | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Elon Musk Pod
Tesla Bloodbath of Hiring and Firing Rollercoaster Continues

Elon Musk Pod

Play Episode Listen Later May 14, 2024 8:25


Tesla Inc. has recently reemployed some members of its previously disbanded Supercharging team, including the pivotal North American director, Max de Zegher. This move comes weeks after Elon Musk, the company's CEO, abruptly dismissed nearly the entire group. The initial decision by Musk last month to reduce the team significantly surprised the electric vehicle industry, especially considering the Supercharger network's critical role in Tesla's infrastructure and strategic partnerships. Hey! We'll both earn $50 when you join Current and receive a qualifying Direct Deposit. Terms apply. Just use my link or code when signing up. Code: WILLIAMW243 https://current.com/get-started/?creator_code=WILLIAMW243 #ad

Elon Musk Pod
Elon Musk- Tesla will spend 'well over' $500 million on Superchargers

Elon Musk Pod

Play Episode Listen Later May 11, 2024 6:15


Tesla Inc., led by Elon Musk, recently revealed a substantial investment of over $500 million to expand its Supercharger network. This announcement comes shortly after the company laid off almost the entire team responsible for this network, roughly 500 employees, causing industry and customer uncertainty about Tesla's commitment to expanding electric vehicle (EV) infrastructure.

DH Unplugged
DHUnplugged #699: Flesh Wound

DH Unplugged

Play Episode Listen Later Apr 24, 2024 59:36


Markets having a tough time and a big week of data is coming. Got the 5% correction - is there more? M&A - Another deal dies PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATE - Show 700 Campaign Warm Up - Markets having a tough time - Happy Passover! - SHOW 700 coming up! - Happy belated 420 Day to our fine smoky listeners - Jumping to Conclusions - We have a limerick! Market Update - Big week(s) coming for economics - Got the 5% correction - is there more? - M&A - Another deal dies - Earnings - Tech on deck - Historic Treasury Auction this week - need to pay the bills since tax receipts not doing it and lots of debt outstanding Who Would think??? - UK - FTSE 100 at all-time high! Recap: - Microsoft Corp., Meta Platforms Inc., Google parent Alphabet Inc. and Tesla Inc., all of which are among the so-called Magnificent Seven group of tech giants, will report THIS WEEK week. - Technology stocks are selling off, with the Nasdaq 100 Index registering its biggest weekly drop since November 2022 in the midst of a four-week losing streak, its longest since December 2022. - Even AI darling Nvidia Corp. is getting hit, plunging 10% on Friday and wiping out $212 billion in market value for its worst day since the Covid pandemic in March 2020. MAG7 Profit Outlook - But hope is on the horizon. Profits for the Mag Seven — which also includes Apple Inc., Amazon.com Inc. and Nvidia — are forecast to rise 38% in the first quarter from a year ago, dwarfing the overall S&P 500's 2.4% anticipated year-over-year earnings growth, according to Bloomberg Intelligence data. - Around 178 S&P 500 companies — representing more than 40% of the index's market capitalization — will post results next week. But the biggest expectations are for megacap tech firms. = = Nvidia, which Goldman Sachs Group Inc.'s trading desk dubbed “the most important stock on planet Earth,” doesn't report its earnings for another month. Tesla - Stock down a lot - DOWN 43% YTD - Down 65% from high set November 2021 - Tesla is recalling nearly 3,900 of its Cybertrucks due to an issue with the vehicle's accelerator pedal. - The recall, announced Wednesday, was prompted by accelerator pedal pads in the trucks that "may dislodge and cause the pedal to become trapped by the interior trim," - All of the 3,878 of the 2024 Cybertrucks that Tesla built between Nov. 13 and April 4 are subject to the recall, the electric vehicle maker's safety recall report said. - And then: Tesla on Saturday slashed the price of its Full Self-Driving (FSD) driver assistant software to $8,000 from $12,000 in the United States, as CEO Elon Musk reaffirms his commitment to self-driving technology. - Musk is betting the technology will become a major source of revenue for the world's most valuable automaker. But he has for years failed to achieve the goal of self-driving capability, with the technology under growing regulatory and legal scrutiny. ----- Could be a short squeeze setting up for earnings (Tonight) - READ MORE>>>>> Tesla Earnings - Tesla misses by $0.04, misses on revs, gross margin down 199 bps yr/yr, reiterates that in 2024, vehicle volume may be notably lower than the growth rate achieved in 2023 - Total GAAP gross margin of 17.4%, down 199 bps yr/yr. - Operating expenses up 37% yr/yr to $2.53 bln. - Total Deliveries down 9% to 386,810. - Outlook: Co states, "Our company is currently between two major growth waves: the first one began with the global expansion of the Model 3/Y platform and we believe the next one will be initiated by advances in autonomy and introduction of new products, including those built on our next generation vehicle platform.

Danica Patrick Pretty Intense Podcast

Kimbal Musk is the co-founder of The Kitchen, an American bistro with restaurant locations in Boulder, Denver, Chicago, and soon Austin. Now marking its twentieth anniversary, The Kitchen serves thoughtfully sourced, Seasonal American Shared Plates with global influences. Musk is also the co-founder of Big Green, a philanthropic organization devoted to getting every American growing food. His personal mission is to empower and invest in the next generation who are building a healthier, happier future. The Wall Street Journal has called him a "cheerful crusader for real food," and The Guardian has lauded how he “takes the tech entrepreneur ethos and applies it to food.” Musk has been named a Global Social Entrepreneur by the World Economic Forum. Musk currently sits on the board of Tesla Inc., and formerly served on the board of Chipotle Mexican Grill and SpaceX. 

Elon Musk Pod
Elon Musk opens up about his drug use

Elon Musk Pod

Play Episode Listen Later Mar 19, 2024 6:23


Elon Musk, the CEO of Tesla Inc., has openly discussed his prescription for ketamine, asserting its positive impact on his mental health and, consequently, its benefits for his company's investors. Musk emphasized the importance of consistent performance for investors, suggesting that his medication plays a crucial role in maintaining his effectiveness.

Minimum Competence
Legal News for Weds 2/21 - Biden Admin Asks for Comment on AI Limitations, Musk's Move to Texas, and Texas Sues Migrant Aid Nonprofit

Minimum Competence

Play Episode Listen Later Feb 21, 2024 7:25


This Day in Legal History: Watergate Figures SentencedToday in legal history, February 21 marks a significant moment in the annals of American jurisprudence and the power of the presidency. On this day in 1975, three key figures from President Richard Nixon's administration were handed prison sentences for their roles in the Watergate scandal, an event that would forever alter the landscape of political accountability and legal oversight in the United States. Former US Attorney General John Mitchell, Nixon's Chief of Staff H.R. Haldeman, and domestic adviser John Ehrlichman were convicted of obstructing justice, each receiving sentences ranging from 2 1/2 to 8 years. This landmark decision underscored the principle that no one, regardless of their position in government, is above the law. The sentencing followed a scandal that began with the break-in at the Democratic National Committee headquarters at the Watergate office complex and spiraled into a cover-up that led to President Nixon's resignation—the only resignation of a U.S. President to date. The trial and subsequent convictions of Mitchell, Haldeman, and Ehrlichman were pivotal in bringing to light the extent of the Nixon administration's attempts to undermine the democratic process. The fallout from the Watergate affair led to sweeping reforms designed to increase transparency and reduce the potential for abuse of power within the federal government. This included the enactment of the Ethics in Government Act, the establishment of the Office of Government Ethics, and significant amendments to the Freedom of Information Act. The events of February 21, 1975, serve as a stark reminder of the fragility of democratic institutions and the perpetual need for vigilance, oversight, and accountability in preserving the integrity of governance.The Biden administration is actively soliciting feedback on the potential risks and benefits associated with "open-weight" artificial intelligence (AI) models, which are crucial for AI systems and have significant implications for national security. These open-weight models, by making AI more customizable and accessible, can foster innovation among a wider range of users, including small businesses and researchers, but also pose risks by potentially circumventing built-in safeguards. This initiative, part of a broader effort outlined in the administration's 2023 executive order on AI, aims to gather insights on the implications of public access to model weights, national security concerns, and the appropriate level of government involvement in regulating these technologies. Alan Davidson of the Commerce Department emphasized the dual nature of open-weight AI models: while they promise to democratize innovation and foster competition, they also introduce substantial safety and security challenges. The administration is also seeking to coordinate with international partners to develop guidelines for managing the dissemination and regulation of these models globally. Feedback is invited over a 30-day comment period.By way of very brief background, an open-weight AI model refers to an artificial intelligence system whose internal parameters, or "weights," are openly accessible and modifiable by users or developers. Unlike proprietary models, where the weights are closely guarded secrets, open-weight models are transparent, allowing for greater scrutiny, understanding, and customization. This openness fosters collaboration and innovation, as researchers and practitioners can build upon existing work, adapt the models to new tasks, or improve their performance and fairness. By sharing the detailed workings of these models, the AI community aims to accelerate progress, ensure broader access to cutting-edge technology, and facilitate the ethical use of AI by making it more interpretable and accountable.Of course with openness comes the potential for any safeguards or guardrails to be circumvented, thus the comment period seeking guidance on the extent to which regulatory action is necessary. White House Seeks Comments on the Risks of Open-Weight AI ModelsElon Musk has received guidance for relocating Tesla Inc.'s incorporation from Delaware to Texas, following a Delaware Court of Chancery decision that TripAdvisor Inc. can move its incorporation to Nevada. This guidance comes from Vice Chancellor J. Travis Laster, who outlined the procedures required for such a move, drawing significant attention to the potential for corporate relocations to states with laws more favorable to officers and directors. The TripAdvisor case, challenged by investors for allegedly favoring directors at shareholders' expense, has highlighted the broader implications of corporate moves on shareholder rights and litigation risks.Delaware's status as a prime venue for corporate litigation, home to nearly 70% of Fortune 500 companies, is under scrutiny as corporations like Tesla consider relocation to states offering greater litigation protections. The recent court ruling against Musk's $56 billion Tesla pay package has fueled his criticism of Delaware courts and his consideration of Texas for Tesla's incorporation, aligning with his moves for SpaceX and Neuralink.Vice Chancellor Laster allowed the investor litigation against TripAdvisor's planned move to proceed, noting that Nevada's shareholder litigation protections are perceived to be weaker than Delaware's. This decision has sparked debate among legal experts about the comparative shareholder protections across states and the potential self-interest involved in such corporate relocations.The ruling sets a precedent that companies looking to relocate must ensure the process involves a disinterested special committee and shareholder vote, addressing concerns over conflicts of interest and self-dealing. However, Musk's ambition to relocate Tesla faces challenges, including his influence over board decisions and potential pressures on board members, illustrating the complexities of corporate governance and the balance between innovation and shareholder rights.This situation underscores the evolving landscape of corporate law, the strategic considerations of incorporation locations, and the ongoing debate over the best interests of shareholders versus the autonomy of corporate directors and officers.Musk Gets Guidelines for Moving Tesla With TripAdvisor OpinionThe Texas Attorney General, Ken Paxton, has initiated a lawsuit against Annunciation House, a Catholic nonprofit organization aiding migrants, on allegations of "alien harboring, human smuggling, and operating a stash house." This legal action aims to revoke the organization's operating license in Texas, accusing it of contributing to border chaos and illegal immigration with the support of federal funds from the Biden Administration. Paxton's lawsuit, filed in El Paso County District Court, asserts that Annunciation House knowingly sheltered around 300 migrants at a time to evade U.S. Customs and Border Protection, involving transportation and placement in secretive locations.Annunciation House has countered, arguing that Paxton's lawsuit stemmed from a denied immediate access to its records, deeming the legal challenge as a baseless attempt to shut down the nonprofit under pretexts that it decries as illegal, immoral, and anti-faith. In response, Dylan Corbett, executive director of the Hope Border Institute, expressed solidarity with Annunciation House, condemning the Texas Attorney General's actions as efforts to intimidate and criminalize humanitarian aid, conflicting with Christian teachings on neighborly love.The lawsuit highlights ongoing tensions between state and federal approaches to immigration, with Texas taking aggressive steps, such as constructing a military base camp near the Eagle Pass on the U.S.-Mexico border, to curb illegal crossings. This case reflects broader debates over immigration policy, humanitarian aid, and the roles of NGOs at the border, underscored by contrasting perspectives on how to address the complexities of migration and border security.Texas sues immigration nonprofit, claiming it engaged in smuggling | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Minimum Competence
Legal News for Thurs 2/15 - SALT Cap Vote, SpaceX Wants to go to Texas, Federal Judges Want Security, Trump's Delay Bid and the IRS-FDIC Suit over SVB's Tax Debt

Minimum Competence

Play Episode Listen Later Feb 15, 2024 7:44


This Day in Legal History: Women Admitted to Practice Before Supreme CourtOn February 15, 1879, a landmark moment unfolded in the annals of American legal history as President Rutherford B. Hayes signed groundbreaking legislation that fundamentally transformed the legal profession in the United States. This legislation, a pivotal stride towards gender equality, granted women the right to practice law before the United States Supreme Court, a privilege that had been exclusively reserved for men until that point. The enactment of this law not only marked a significant departure from longstanding gender-based restrictions but also symbolized a crucial step toward dismantling the barriers faced by women in the legal field.The first to avail of this newfound right was Belva Lockwood, an attorney who had tirelessly advocated for the inclusion of women in the legal profession. Lockwood's admission to the Supreme Court bar on March 3, 1879, barely two weeks after the law's enactment, underscored the immediate impact of the legislation. Her journey to this historic achievement was fraught with challenges, as she had previously been denied the opportunity to present before the Supreme Court solely on the basis of her gender. Lockwood's perseverance and her eventual triumph served as a beacon of inspiration for countless women aspiring to legal careers.The legislation's passage and Lockwood's subsequent admission into the Supreme Court bar did more than just allow women to practice law at the highest court in the land; it challenged the prevailing norms and attitudes towards women's roles in both the legal profession and society at large. This pivotal event in legal history not only broadened the horizons for women within the legal field but also contributed to the gradual shifting of societal perceptions regarding women's capabilities and rights. The courage and determination of those who fought for this change laid the groundwork for future generations of women lawyers, who would continue to break barriers and shape the legal landscape.While the legislative victory in 1879 marked a monumental step forward for women in the legal profession, the fight for gender equality within the field is far from over. Despite significant progress, disparities persist in representation, advancement, and pay. For instance, a report by the American Bar Association in 2021 highlighted that although women make up approximately 50% of law school graduates, they represent only about 23% of partners in law firms across the United States. This statistic underscores the ongoing challenges women face in achieving equal standing and opportunities within the legal profession. The journey that began with pioneers like Belva Lockwood continues today, as efforts to dismantle systemic barriers and foster a more inclusive legal landscape carry on. The strides made thus far serve as both a testament to the progress achieved and a reminder of the work that remains to be done.The U.S. House of Representatives recently faced a setback in efforts to adjust the state-and-local tax (SALT) deduction cap, particularly impacting states like New York and California. A proposal by Representative Mike Lawler (R-N.Y.) to increase the SALT cap to $20,000 for married couples filing jointly was defeated in a test vote, highlighting the ongoing political struggle over this issue. The SALT cap, introduced in the GOP's 2017 tax law, limits deductions to $10,000, affecting taxpayers in high-tax states—predominantly Democratic, or "blue," states—more severely than those in lower-tax, or "red," states. This measure has been contentious, with Democrats and some Republicans from high-tax states pushing for an increase, arguing that the cap disproportionately burdens their constituents. Despite the bill's failure, New York Republicans vow to continue their efforts to amend the SALT cap, signaling an ongoing debate over tax policy that intersects with partisan and state interests.SALT Cap Bill Fails Test Vote in House in Blow to N.Y. GOP (1)SpaceX is in the process of relocating its business incorporation from Delaware to Texas, as indicated by a recent filing with the Texas Secretary of State. This move by Elon Musk follows a similar trend among his companies, particularly after a Delaware judge nullified Musk's $56 billion pay package at Tesla Inc. earlier in the year. Musk, advocating for the shift, has publicly encouraged other companies to consider leaving Delaware for states like Texas, which he views as more favorable. Notably, SpaceX already has significant operations in Texas, including a testing facility, a satellite manufacturing plant, and a rocket production site, reinforcing the state's appeal to Musk and his ventures. The relocation of SpaceX's incorporation to Texas is seen as a major win for the state, aligning with its strategy to attract businesses with low taxes and minimal regulation. This decision also reflects Musk's broader strategy of moving his companies away from Delaware, following legal challenges there, including the high-profile attempt to purchase Twitter Inc., which he later renamed X and moved to Nevada.SpaceX Seeks to Move Incorporation to Texas From Delaware (1)Over 70% of federal judges have enrolled in a U.S. Marshals Service program that supplies electronic security systems for their homes, responding to a significant rise in threats against the judiciary. Ron Davis, the director of the U.S. Marshals Service, highlighted the urgency of these threats during a Judiciary Committee hearing, emphasizing the risk they pose to democracy. This increase in threats, notably spiking to 457 in fiscal year 2023 from 224 in fiscal 2021, coincides with the contentious period following the 2020 presidential election and involves serious incidents, including attempts against judges and Supreme Court justices. The security program, in place since 2005, has faced criticism for offering outdated equipment, prompting efforts to modernize and enhance the protection offered to judges amidst growing concerns for their safety.Most federal judges opt into US Marshals' home security program | ReutersSpecial Counsel Jack Smith has urged the U.S. Supreme Court to dismiss Donald Trump's request to delay his trial over charges related to efforts to overturn the 2020 election loss, emphasizing the public interest in proceeding to trial promptly, especially given the defendant's former presidential status. The appeal follows a decision by a D.C. Circuit panel that rejected Trump's claim to presidential immunity from prosecution, with Smith advocating for a swift resolution or a fast-tracked hearing by the Supreme Court. Trump's legal team seeks to halt trial proceedings while pursuing further appeals, a move Smith argues would unnecessarily delay the trial. The case touches on profound allegations of Trump attempting to subvert the electoral process and undermine democratic transition, amidst broader claims of immunity extending beyond his presidency.Special counsel urges US Supreme Court to rebuff Trump in immunity fight | ReutersThe U.S. Internal Revenue Service (IRS) has initiated legal action against the Federal Deposit Insurance Corporation (FDIC) over a significant tax debt amounting to approximately $1.45 billion, attributed to the defunct Silicon Valley Bank (SVB). The lawsuit demands a judicial review to decide the extent of the FDIC's obligation to settle the tax debt, following the FDIC's assumption of control over SVB's assets in March 2023 and its subsequent rejection of the IRS's tax claim. The dispute centers on the IRS's estimation of taxes due from SVB for the period between 2020 and 2023, a figure that is under reassessment due to some previously accounted employment taxes having been paid. This legal battle unfolds against the backdrop of SVB's collapse in March 2023, marking one of the largest bank failures in U.S. history, which had profound impacts on the regional banking sector and tech startups reliant on SVB's financial services.IRS sues FDIC over Silicon Valley Bank's $1.4 billion tax debt | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Minimum Competence
Legal News for Thurs 2/1 - Challenge to Lawyer Bias Rule, Musk Wants to Move Tesla to Texas, Trump's Steel Dossier Lawsuit Tossed, Baldwin Pleads Not Guilty

Minimum Competence

Play Episode Listen Later Feb 1, 2024 8:13


This Day in Legal History: First Meeting of the Supreme CourtOn this day in legal history, a landmark event occurred on February 1, 1790, marking a significant moment in the American judicial system. On this date, the Supreme Court of the United States convened for its inaugural session, a pivotal step in establishing the country's legal framework. This historic meeting took place in the Merchants' Exchange Building in New York City, which was then serving as the national capital. The first assembly of the Supreme Court was an event of monumental importance, symbolizing the operational commencement of the U.S. judiciary under the new Constitution.The Supreme Court's first session was presided over by Chief Justice John Jay, a key figure in the early development of the United States' legal system. Alongside him were five Associate Justices: James Wilson, John Blair, James Iredell, William Cushing, and John Rutledge. These men were the pioneers in the highest court of the land, tasked with laying the foundation for the judicial interpretation of the Constitution. Despite the significance of this event, the initial meeting faced a delay. Due to the transportation challenges of the 18th century, Chief Justice Jay postponed the meeting until the next day, highlighting the logistical difficulties of that era.The primary objective of this first gathering was not to adjudicate cases but to focus on organizing the Supreme Court itself. This organizational session was crucial for setting up the procedures and principles that would guide the Court in its future deliberations. It was not until 1792 that the Supreme Court heard its first actual case, Chrisholm v. Georgia. This case, heard two years later, would mark the beginning of the Court's long history of legal adjudication and interpretation, a legacy that continues to shape American law and society–for better or worse. The establishment of the Supreme Court in 1790 thus stands as a cornerstone in the construction of the United States' legal system, a testament to the foresight and vision of the nation's founders–for better or worse. A Pennsylvania lawyer, Zachary Greenberg, has escalated a challenge against an anti-harassment and anti-discrimination rule for attorneys to the U.S. Supreme Court. Greenberg, associated with the Foundation for Individual Rights and Expression, disputes the 3rd Circuit U.S. Court of Appeals' August ruling which denied his standing to challenge the rule. The 3rd Circuit found the rule, which prohibits intentional harassment or discrimination, inapplicable to Greenberg's professional activities. However, Greenberg argues that the 3rd Circuit erred in its standing decision due to subsequent revisions to the rule and assurances from a Pennsylvania bar official that he would not be disciplined under it.Greenberg's petition to the Supreme Court claims that changes in policy do not alter the standing issue, even if his complaint adapts to new policies. The rule in question, modeled after an American Bar Association standard, forbids lawyers from knowingly engaging in discriminatory or harassing conduct. Greenberg fears that his presentations on offensive language could be construed as violations of this rule. However, the 3rd Circuit panel opined that the rule does not likely prohibit Greenberg's planned activities.Initially adopted in 2020, the rule was later amended following Greenberg's initial lawsuit. A U.S. District Judge declared the revised rule unconstitutional in March 2022, but the 3rd Circuit reinstated it later. The rule has garnered support from the American Bar Association and other bar groups, while facing opposition from conservative, religious, and civil rights organizations over concerns of potential misuse. The case, Greenberg v. Lehocky, continues to evoke debate on the balance between professional conduct standards and free speech rights within the legal community.Challenge to attorney bias rule heads to US Supreme Court | ReutersElon Musk is advancing plans to relocate Tesla's legal domicile to Texas, following a court defeat in Delaware concerning his compensation at Tesla Inc. Musk, who has already moved Tesla's headquarters and his personal and charitable interests to Texas, is now proposing a shareholder vote to change Tesla's incorporation from Delaware to Texas. This move comes after a Delaware judge invalidated his $55 billion pay package, prompting Musk to seek his followers' opinion on the relocation, which garnered overwhelming support for Texas.Texas has been actively attracting businesses with its low taxes and regulatory environment. The state is also developing its own business-court system, presenting a challenge to Delaware's dominance in U.S. incorporations. However, moving Tesla's legal base to Texas poses risks due to the unpredictability and lengthy resolution times of business disputes in Texas courts, in contrast to Delaware's established corporate-governance laws and experienced Chancery court judges.To address these concerns, Texas is setting up dedicated business courts in major cities, although there are challenges in recruiting experienced judges due to lower salaries compared to Delaware. Musk's interest in Texas also extends to his other ventures, such as SpaceX and a new school planned in Austin. His growing ties to Texas are evident, although his political contributions in the state have been relatively modest. Despite preferring to avoid politics, Musk has shown a warmer relationship with Texas Governor Greg Abbott on social media, aligning with the state's business and social policies.Musk Moves Ahead With Plan to Shift Tesla Domicile to TexasA lawsuit filed by Donald Trump against Orbis Business Intelligence, a British private investigations firm, was dismissed by London's High Court. The suit was related to the Steele dossier, which made allegations about connections between Trump's campaign and Russia. Former U.S. President Trump, currently a frontrunner for the 2024 Republican presidential nomination, initiated the data protection lawsuit over claims in the dossier authored by Orbis co-founder and ex-British intelligence officer Christopher Steele. Judge Karen Steyn ruled that Trump's case lacked compelling reasons to proceed. In a witness statement, Trump had asserted that he filed the lawsuit to disprove allegations in the dossier, particularly those regarding supposed "perverted sexual acts" in Russia. These claims, published on BuzzFeed in 2017, were largely unsubstantiated, and Trump's legal team described the report as "egregiously inaccurate," containing false or fabricated allegations.Judge Steyn, in her ruling, did not make any determination regarding the accuracy of these allegations. Orbis contended that Trump's lawsuit was merely an attempt to settle "longstanding grievances" against the company and Steele. Judge Steyn found that Trump had no reasonable grounds for seeking compensation or damages. This London lawsuit is one of many legal challenges involving Trump, who is also facing four separate criminal prosecutions in the United States.Donald Trump's lawsuit over 'Steele dossier' thrown out by UK court | ReutersActor Alec Baldwin has pleaded not guilty to charges of involuntary manslaughter in connection with the 2021 shooting death of cinematographer Halyna Hutchins on the set of the Western movie "Rust" in New Mexico. Baldwin entered his plea and waived his right to an arraignment, following a grand jury indictment on January 19. This indictment revived the criminal case which had been previously dismissed.Baldwin, known for his role in "30 Rock," remains free without bond. The case has garnered significant attention, raising questions about firearms safety in film and TV production. Baldwin has consistently denied responsibility for Hutchins' death, maintaining that he was told the gun was "cold" and that it discharged without him pulling the trigger. The original charges were questioned over the possibility of the gun being modified to fire on its own.However, prosecutors pursued the indictment after an independent forensic test concluded the gun could not fire without the trigger being pulled. The shooting not only resulted in Hutchins' death but also wounded director Joel Souza. Evidence presented by the special prosecutor suggests that the live round was introduced to the set by the movie's weapons handler, Hannah Gutierrez. Gutierrez faces a separate trial for involuntary manslaughter charges on February 21. David Halls, the film's assistant director who handed Baldwin the gun, has entered a plea deal. The core issue remains how a live round, which is strictly prohibited on film sets, ended up in Baldwin's gun. Prosecutors have evidence of live rounds on set days before the incident. Gutierrez's attorney disputes the prosecutors' claims, suggesting that the evidence will be clarified during the trial.Alec Baldwin pleads not guilty to involuntary manslaughter charge | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Bloomberg Daybreak: US Edition
Tech Stocks Slammed; New Bloomberg Presidential Poll

Bloomberg Daybreak: US Edition

Play Episode Listen Later Jan 31, 2024 22:59 Transcription Available


On today's podcast: 1)  Microsoft Corp., Alphabet Inc.'s Google and Advanced Micro Devices Inc. — three companies working harder than nearly anyone to weave artificial intelligence into their products — are finding that investor expectations for the technology are hard to meet.  2)  Six in 10 swing-state voters say President Joe Biden bears responsibility for a surge in migrants at the US-Mexico border, a downbeat signal for his reelection prospects as Republicans largely avoid blame on the issue, a Bloomberg News/Morning Consult poll found.  3)  Elon Musk's $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk's wealth and put the fate of his companies in question. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: US Edition
Tesla Earnings Selloff; Trump to Testify at Trial

Bloomberg Daybreak: US Edition

Play Episode Listen Later Jan 25, 2024 16:51 Transcription Available


On today's podcast: 1) Tesla Inc. shares plunged after Elon Musk's pitch to look past slower sales growth fell flat with investors. The stock fell 8% in early trading Thursday, after Tesla narrowly missed earnings estimates and warned its rate of expansion will be “notably lower” this year. The company spent all of 2023 cutting prices to boost sales, which ate into profits. 2) Boeing Co. faces a commercial setback after the US Federal Aviation Administration froze planned production increases for its 737 Max aircraft, a move that interrupts the planemaker's growth ambitions at a time of surging demand and intensifying competition with Airbus SE. 3) Two days after his decisive victory in the New Hampshire primary, Donald Trump is set to take the witness stand in New York to rebut defamation claims by writer E. Jean Carroll — testing his ability to sway a federal jury and a judge he's already clashed with.See omnystudio.com/listener for privacy information.

Elon Musk Pod
Tesla Faces $94 Billion Market Value Loss

Elon Musk Pod

Play Episode Listen Later Jan 18, 2024 7:38


Tesla Inc. has witnessed a sharp decline in market value, losing over $94 billion in the early weeks of 2024. This downturn marks a stark contrast to the company's success in 2023, where its stock value more than doubled. The slump is attributed to a series of adverse developments, including reduced demand for electric vehicles (EVs) in the United States, price cuts in China, and increasing labor costs.

The Human Upgrade with Dave Asprey
From Tech to Table: Inside Kimbal Musk's Culinary Revolution : 1125

The Human Upgrade with Dave Asprey

Play Episode Listen Later Jan 16, 2024 69:08


Today's very special episode comes from inside Kimbal Musk's kitchen, where I get a hands-on look at his passion for cooking, community, and regenerative farming. Kimbal Musk is a South African restaurateur, chef, entrepreneur and a board member at Tesla Inc. and SpaceX, companies led by his brother, Elon Musk. Outside of the tech space, Kimbal is the force behind The Kitchen Restaurant Group and co-founder and chairman of Big Green, where he's pioneering outdoor classroom Learning Gardens in schools nationwide. Additionally, Kimbal co-founded Square Roots, an innovative urban farming venture utilizing hydroponic, climate-controlled shipping containers. In our last interview at his newly opened restaurant, The Kitchen, we explored the intersection of technology, regenerative agriculture, and grass-fed cuisine. Today, we unpack Kimbal's passion for food and community. Seriously, we're not just chatting about technology and longevity here—Kimbal teaches me how best to prepare, serve, and enjoy grass fed steak to perfection. During this live tutorial, we talk about how the energy you put into preparing your food really does impact how it tastes, and his unique perspective on innovation and leadership, gained from working closely with his brother Elon and the teams at Tesla and SpaceX. Then, we explore the highlights of his new cookbook, The Kitchen Cookbook: Cooking for Your Community, a treasure trove of real-food recipes accompanied by easy to follow video tutorials. It's an incredibly valuable resource for anyone that's interested in bringing more realness to their food prep and diet.(00:02:14) Embracing Community Through Food(00:18:33) Teaching Kids About Regenerative Farming With Big Green(00:28:56) Try the Kitchen Cookbook for Better Family Meals(00:38:52) Kimbal Musk on Psychedelics: In or Out?(00:43:06) Cooking for Elon Musk(00:47:27) Learn How To Prep & Cook a Beautiful Grass-Fed Steak Live(00:59:22) Kitchen Thoughts on Longevity & Death(01:04:12) Exploring the Link Between Quality Fats & TestosteroneSponsorsApollo Neuro Wearable | Head to apolloneuro.com to save 15% on your Apollo wearable.CAROL Bike | Save $250 on CAROL Bike until January 15th with code DAVE at carolbike.com.ResourcesDave Asprey's NEW Book ‘Smarter Not Harder' is out now: https://daveasprey.com/books Organic Revolution: Kimbal Musk's Mission to Take Down Big Food # 504Big Green: biggreen.org Read: The Kitchen Cookbook by Kimbal MuskThe Kitchen: thekitchen.comRead: Elon Musk by Walter IsaacsonThe Human Upgrade is produced by Crate Media.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Elon, Inc.
Tesla Slows Down, X's Value Drops and 2024 is Just Getting Started

Elon, Inc.

Play Episode Listen Later Jan 2, 2024 25:59 Transcription Available


Over the past decade, Elon Musk's car company has transformed itself from a niche brand with a novelty product into a major automotive manufacturer and clear market leader. And yet, Tesla Inc.'s leadership position in electric cars is slipping. On Jan. 2, the company reported it delivered almost 485,000 vehicles to customers. The figure was in line with Wall Street expectations, but slightly less than that reported by China's BYD Co., which delivered roughly 526,000 electric cars. On the latest episode, our panel discusses how BYD became Tesla's most important competitor, even though it doesn't sell cars in the US. Also: in another setback for Musk, his social media platform's value continues to fall. The asset manager Fidelity again wrote down X's valuation, according to a news report. Musk paid $44 billion for Twitter in late 2022; its value has since fallen by more than 70%. Lots to talk about. Finally, we offer predictions for 2024, including the prospect of further Musk feuds with the US government, his potential impact on the 2024 election and his new friendship with far-right Italian Prime Minister Giorgia Meloni.See omnystudio.com/listener for privacy information.

Elon Musk Pod
Chinese Company to Overtake Tesla

Elon Musk Pod

Play Episode Listen Later Dec 28, 2023 6:12


BYD Co., a relatively unknown giant in the automotive world, is on the verge of surpassing Tesla Inc. as the global leader in electric vehicle (EV) sales. This shift marks a significant change in the EV market and underscores China's increasing influence in the global automotive sector. In this podcast episode, we'll explore BYD's rise, its strategies, and the challenges it faces in the international arena.

Elon, Inc.
Tesla's First Strike and Alex Jones' Return to X

Elon, Inc.

Play Episode Listen Later Dec 12, 2023 29:01 Transcription Available


For years, Elon Musk has fended off efforts by the United Auto Workers to unionize his factory in Fremont, California, where Tesla Inc. employs roughly 20,000 workers. But in recent weeks, Musk has struggled to contend with a seemingly less formidable threat: a tiny contingent of Scandinavian mechanics. This determined group is creating serious problems for the company across northern Europe. Bloomberg News editor Craig Trudell joins us this week to talk about a recent strike by employees at Swedish Tesla service centers, one which has led to work stoppages and blockades in neighboring countries. The strikes may reflect Musk's increasingly polarizing personal brand, which took an even more right-wing turn this weekend when he participated in a live call-in show with a well-known far-right conspiracy theorist and an accused human trafficker. Also: the X holiday gift guide.See omnystudio.com/listener for privacy information.

Elon Musk Pod
New Battery Startup could Threaten Elon Musk's Tesla

Elon Musk Pod

Play Episode Listen Later Nov 30, 2023 5:54


In the dynamic realm of electric vehicle (EV) technology, QuantumScape, a Silicon Valley startup, is emerging as a key competitor to Tesla Inc. with its innovative solid-state batteries. These batteries, boasting three times the energy density of Tesla's lithium-ion cells, offer faster charging times and a safer, more sustainable design. This development could significantly alter the EV industry, making electric cars more appealing and efficient. QuantumScape's solid-state batteries use a solid ceramic material instead of the traditional liquid electrolyte, enhancing energy density and driving range while reducing fire hazards common in lithium-ion batteries. The company claims these batteries can recharge to 80% capacity in just 15 minutes, addressing a major concern for EV consumers - long charging times. This technology also promises reductions in production costs, contributing to a more competitive EV market as automakers strive to meet increasing demand and stringent emissions standards.

Elon, Inc.
The Cybertruck Is Coming, Whether Tesla Is Ready or Not

Elon, Inc.

Play Episode Listen Later Nov 28, 2023 29:19 Transcription Available


The first shipments of Tesla Inc.'s long awaited Cybertruck are expected on Thursday—a momentous event given the years of anticipation. Bloomberg senior reporter Dana Hull joins this episode of Elon, Inc. to discuss the futuristic truck and its four years of engineering and development delays. But first, we speak with reporter Marissa Newman about Elon Musk's recent trip to the Israel-Gaza border.See omnystudio.com/listener for privacy information.