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The left smells blood after shocking Democratic primary result AxiosIn a Close Election, Voters Send a Sharp Anti-Trump Message The New York TimesHow a pro-Israel super PAC made a losing bet to open Democratic primary season NBC NewsNew Jersey Democratic primary contest for House seat on knife-edge as votes trickle in The GuardianDemocrats Mejia, Malinowski loc
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Appeals court greenlights Trump admin policy of detaining undocumented immigrants without opportunity to seek release cnn.comAppeals court backs Trump's mass detention policy PoliticoAppeals court endorses Trump policy of holding many ICE detainees without bond hearings cbsnews.comU.S. appeals court upholds Trump's immigration detention policy NBC News
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Stellantis said it expects to take a 22-billion-euro ($26 billion) as it overhauls its business to accelerate the rollout of electric and hybrid vehicles.
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Fear of AI Replacing Software Makers Hits Stocks. Here's What to Know. The New York TimesDon't label it a SaaSpocalypse just yet AxiosAllegra Stratton: Starmer Should Focus on Anthropic Bloomberg.comAI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse? CNBC
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KKR has agreed to buy sports franchise investment major Arctos Partners in a transaction which could be valued at almost $2bn.
The post Deal Roundup: KKR to buy Arctos Partners in deal worth up to $2bn, Atlantic Street sells GAT Airline Ground Support to trade buyer appeared first on AltAssets Private Equity News.
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Appeals court endorses Trump policy of holding many ICE detainees without bond hearings cbsnews.comAppeals court backs Trump's mass detention policy PoliticoAppeals court greenlights Trump admin policy of detaining undocumented immigrants without opportunity to seek release cnn.comU.S. appeals court upholds Trump's immigration detention policy NBC News
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Former President Bill Clinton makes case for public hearing in House Epstein probe ABC NewsClintons keep pushing for public hearings as Comer digs in his heels PoliticoThe Clintons' testimony is an opportunity for Democrats MS NOWHillary Clinton wants testimony on Jeffrey Epstein in public:
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Goldman Sachs is building AI agents with Anthropic's Claude to automate trade accounting and client onboarding, aiming to speed work and boost efficiency.
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Shares of Stellantis are headed for their worst-ever day of trading after the carmaker announced a massive charge to reset its business.
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A bipartisan proposal discussed at the White House Friday would push tech companies to bankroll power plants as consumer anger over utility bills mounts.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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