Inari Medical Announces the Release of 2023 Ethos and Sustainability Report

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EVs are getting smarter and cheaper in China
STORY: Light-up emojis. Music for pedestrians outside. In China, electric carmakers are offering up luxury tech – without the luxury price tag – in the battle for buyers. Cars are being loaded with once-expensive interior features and technology for as low as $20,000 – less than half the cost of the average new car in the U.S. Analysts say that poses a big challenge for foreign heavyweights like Tesla and Volkswagen. This is the Nammi – on display here at the Beijing auto show. It’s made by state-owned automaker Dongfeng and sells for under $10,000. That’s around the same as BYD’s Seagull EV – China’s fourth best-selling electric vehicle. The market is also crowded with electric and plug-in vehicles that splash luxury technology. Xpeng is planning to offer an EV with high-level self-driving features – for under $21,000. Analysts say the price of specialized components like sensors needed for self-driving and screens for onboard entertainment has tumbled. That's making competition in the world’s largest auto market all the more fierce… And chipping away at the halo that once hung over foreign brands. That’s according to an outlook from McKinsey analysts released in March. Take Zeekr, for instance. It's the carmaker with those emojis. Here’s its Shanghai head of design, Javier-Garcia Gallardo: “When we see the differences between our product launch in China versus our product launch in Europe and, you know, the technical details are as important as the design and the brand. And this integration of technology is essential for the Chinese customer.” Still, German automakers say they’re not backing down. Here’s Mercedes-Benz CEO Ola Kallenius: “We have a dedicated digital tech team here all the way down to providing things like in the new E-Class, you can sing karaoke. Maybe you don't have that feature in Germany. Maybe you should. But here, customers love it.” Mercedes, as well as Volkswagen, both told Reuters they’re working to deliver those so-called “wow effects” for Chinese buyers.
a day ago
AFP News
Record loss for Russia's Gazprom as European market closed
Russian energy giant Gazprom said Thursday it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow's military operation in Ukraine.Exports to Europe have long been Gazprom's top earnings source, but following the start of the conflict in Ukraine European nations sought to reduce their reliance upon Russian natural gas.
15 hours ago
BBC
Apple iPhone sales fall in nearly all countries
The tech giant says demand for its smartphones fell more than 10% in the first three months of the year.
6 minutes ago
Reuters
Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports
Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker. The $350-million payout could be the first of many related to the disaster that analysts have said might cost insurers up to $4 billion, making it a record shipping insurance loss.
22 hours ago
The Hill
DOJ, Google to present closing arguments in antitrust trial
The Department of Justice (DOJ) and Google will present closing arguments Thursday and Friday in the government’s case alleging the tech giant has illegally maintained and operated a monopoly in the online search market. The closing arguments will bring Google and the DOJ back to U.S. District Court after concluding a 10-week trial in…
2 days ago
The Telegraph
Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones
Apple has suffered its biggest drop in iPhone sales for more than three years as Chinese shoppers turn away from the company and embrace domestic rivals such as Huawei.
11 hours ago
Moneywise
Californians fed up with fast food chains hiking prices are now biting back — by taking their business elsewhere
Fast food at fine dining prices?
2 days ago
The Independent
‘The decisions you’re making are going to end with a smoking hole in the ground’: Inside the Boeing catastrophe
‘They were always caught flat-footed by some terrible problem that many people in the workplace knew would happen... And that happened over and over and over and over and over again.’ Io Dodds reports on a corporate nightmare
14 hours ago
Reuters
US job openings slide to three-year low as demand for labor gradually eases
U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, signs of easing labor market conditions that over time could aid the Federal Reserve's fight against inflation. The Job Openings and Labor Turnover Survey, or JOLTS report from the Labor Department on Wednesday was, however, tempered somewhat by other data showing a measure of prices paid by manufacturers for raw materials jumped to the highest level in nearly two years in April as commodity prices increased. Falling goods prices were the major driver of the moderation in inflation last year.
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This finance YouTuber says there’s 1 retirement trap that no one talks about — here’s what you need to know
The problem is more psychological than financial.
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The Telegraph
Why entrepreneurs are shunning the stock market to go private
If you were an entrepreneur 30 years ago, when I was starting my career, listing your business on the London Stock Exchange was often the pinnacle of success. It provided your company with access to capital, an attractive incentivisation mechanism and prestige amongst your peers.
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Reuters
Analysis-Heavy oil shortage spells higher cost for shippers, road builders
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants. Heavy-sour crudes yield more residual fuel oils that are either upgraded into higher-value road fuels, or converted into marine fuels and bitumen. "The combination of tighter heavy crude and fuel oil supplies, as well as the seasonal rise in power generation demand is expected to push up fuel oil cracks in the weeks ahead," said Vortexa analyst Xavier Tang, referring to the spread between the price of crude and the refined product.
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Reuters
US utility Southern Co beats Q1 profit estimates on demand boost
Electric and gas utility Southern Co said on Thursday industrial sales have started to show signs of recovery following a soft 2023, after customer growth and higher electricity usage drove a first-quarter profit beat. Retail electricity saw robust customer growth, the company said. It added more than 13,000 residential electric customers and over 7,000 residential gas customers.
19 hours ago
Fortune
The ‘father of the 401(k)’ talks about the death of pensions, the future of retirement, and what disturbs him most about his own creation
Retirement legend Ted Benna says the savings model isn’t for everyone, but he would do it all over again.
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Yahoo Finance
Whether Wall Street garden leaves survive noncompete ban is an 'open question'
Some 'garden leave' agreements that Wall Street uses to protect secrets are expected to survive the FTC's new noncompete ban, but some probably won't.
a day ago
Reuters
Oil prices set for steepest weekly drop in 3 months
(Reuters) -Oil prices edged up on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for the steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East reducing supply risks. Brent crude futures for July rose 14 cents to $83.82 a barrel by 0646 GMT.
7 hours ago
Reuters
Google faces closing arguments in US market power trial
The U.S. government will layout its antitrust case against Alphabet's Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top. The U.S. government has hammered away at Google in a trial that started Sept. 12, arguing Google is a monopolist and illegally abused its power to favor its bottom line. The second, against Meta, was also filed during the Trump administration, while Biden's antitrust enforcers have followed with a second case against Google and cases against Amazon.com and Apple Inc.
22 hours ago
Reuters
StanChart profit beats forecasts as fee income boost offsets credit losses
LONDON/HONG KONG (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and wealth businesses more than compensated for additional credit losses. The bank, which makes the bulk of its revenue and profits in Asia, saw profit at its investment banking unit climb 13% in the quarter. Peaking central bank interest rates worldwide have capped the recent gains banks have made from lending-based income, putting pressure on them to increase non-interest revenue from such fee-based businesses.
a day ago
Reuters
S.Korea factory activity shrinks in April, but optimism about outlook ticks up
South Korea's factory activity contracted again in April, but manufacturers' optimism climbed to the highest level in nearly two years as output and orders managed to post marginal growth, a private-sector survey showed on Thursday. The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, fell to 49.4 in April, from 49.8 in March, on a seasonally adjusted basis. "While output and new orders returned to fractional growth territory, the headline PMI was weighed down by falling employment and stocks of purchases," said Usamah Bhatti, economist at S&P Global Market Intelligence.
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Simply Wall St.
Here's Why Shareholders May Want To Be Cautious With Increasing JOST Werke SE's (ETR:JST) CEO Pay Packet
Key Insights JOST Werke to hold its Annual General Meeting on 8th of May Total pay for CEO Joachim Durr includes...
a day ago

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Inari Medical Announces the Release of 2023 Ethos and Sustainability Report

Latest stories

EVs are getting smarter and cheaper in China

Record loss for Russia's Gazprom as European market closed

Apple iPhone sales fall in nearly all countries

Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports

DOJ, Google to present closing arguments in antitrust trial

Apple suffers $91bn hit to sales as Chinese shoppers ditch iPhones

Californians fed up with fast food chains hiking prices are now biting back — by taking their business elsewhere

‘The decisions you’re making are going to end with a smoking hole in the ground’: Inside the Boeing catastrophe

US job openings slide to three-year low as demand for labor gradually eases

This finance YouTuber says there’s 1 retirement trap that no one talks about — here’s what you need to know

Why entrepreneurs are shunning the stock market to go private

Analysis-Heavy oil shortage spells higher cost for shippers, road builders

US utility Southern Co beats Q1 profit estimates on demand boost

The ‘father of the 401(k)’ talks about the death of pensions, the future of retirement, and what disturbs him most about his own creation

Whether Wall Street garden leaves survive noncompete ban is an 'open question'

Oil prices set for steepest weekly drop in 3 months

Google faces closing arguments in US market power trial

StanChart profit beats forecasts as fee income boost offsets credit losses

S.Korea factory activity shrinks in April, but optimism about outlook ticks up

Here's Why Shareholders May Want To Be Cautious With Increasing JOST Werke SE's (ETR:JST) CEO Pay Packet