When someone hears I’m currently writing the authorized biography of William (Bill) Sharpe, the most frequent question I get is, “Is he still alive?” Sharpe is the 1990 recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, commonly known as the Nobel Prize in Economics. And, yes, in September 2024, he is still alive and well. He lives in Carmel-by-the-Sea in California. Every Thursday morning, he meets with his coffee klatch. He can often be seen walking his bichon-poodle near Carmel Bay. In June 2024, he celebrated his 90th birthday. And September 2024 was another Sharpe…
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BMW is recalling a small number of its 2023-2024 SUVs and sedans due to a potential issue with the integrated brake system. The recall affects models like the X1, X5, X6, X7, XM, 5 Series, and 7 Series, including their electric versions. The problem lies in the brake modules, which could lead to reduced or lost power brake assist. This, in turn, could affect the anti-lock brake and stability control systems. However, the mechanical braking and emergency brake force distribution would still work. BMW Recalls 2023-2024 SUVs and Sedans Due to Brake System Issues (BMW) The recall affects 11,579 vehicles,…
MILAN – Many institutional investors and private equity firms aren’t looking to invest in the space sector. To attract funding, it may help to stop talking about space and explain businesses in terms investors understand. “We’ll be successful when the capability can be talked about without the space component,” Mike French, Space Policy Group founder, said Oct. 14 at the International Astronautical Congress here. “We’re not space communication, we’re communications. We’re not space transportation, we’re transportation.” When investment in space-related capabilities can be understood in terms of well-established terrestrial markets, institutional investors are more likely to show interest, French said.…
(Reuters) – U.S. semiconductor stocks fell on Tuesday after chip equipment maker ASML cut its annual sales forecast and a report said the Biden administration was considering capping sales of advanced artificial intelligence processors to some countries.AI chip giant Nvidia fell 4.4%, retreating from a record high hit in the previous session that had put it on the brink of dethroning Apple as the world’s most valuable company.Tuesday’s drop was set to reduce the AI chip major’s market capitalization by about $138 billion to $3.25 trillion, widening the gap with Apple’s value of $3.58 trillion.Other chip firms, including AMD, Intel,…
The Edsel, a Ford Motor Company experiment launched with great fanfare in 1958, met a swift and unceremonious demise by 1961. Despite its Ford-heavy design, the Edsel struggled to capture the hearts of consumers. The car’s distinctive styling, including its iconic horse collar grille emblem, proved divisive among buyers. By 1960, the model lineup had dwindled to just two nameplates the Ranger and the Villager and annual production had plummeted to a mere 2,846 units. The Rise and Fall of the Edsel: Ford’s Forgotten Classic (YouTube/Lou Costabile) This stark decline was a far cry from the initial enthusiasm that greeted…
STOCKHOLM–(BUSINESS WIRE)–Cint, the global leader in market research technology (Restech), is pleased to announce two key promotions from its Global Leadership Team (GLT) into the C-Suite, further solidifying the company’s commitment to customer experience and its three-year strategy.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015585682/en/Michelle Darcy Clarke (Photo: Business Wire)The move comes alongside the ongoing migration to the Cint Exchange, a programmatic marketplace platform connecting researchers with real people to gain meaningful survey insights faster than ever. Michelle Darcy Clarke, Cint’s new Chief Experience Officer (CXO), continues more than 25 years of experience in market research and…
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesShares in semiconductor equipment maker ASML fell 15.6% on Tuesday after the Dutch company published disappointing sales forecasts in results a day early.The move pulled other chip stocks lower, with Nvidia, Advanced Micro Devices and Broadcom all falling at least 4% after the news.ASML said it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion), at the lower half of the range it had previously provided.Net bookings for the September…
Harley-Davidson, a company known for its rugged motorcycles, has recently found itself at the center of a recall. While recalls in the motorcycle industry are less frequent than in the automotive world, this week has seen a series of recalls from prominent brands like BMW, Royal Enfield, and now Harley-Davidson. The Milwaukee-based motorcycle manufacturer has issued a recall for 12,929 motorcycles produced between 2018 and 2019. The issue lies in an incorrect tire pressure information label affixed to Street Bob (FXBB) and Low Rider (FXLR) models. This oversight, which likely went unnoticed for years, could lead to excessive load on…
The Dodge Super Bee, a high performance muscle car introduced in 1968, was one of two entry level offerings from Chrysler that year, alongside its Plymouth sibling, the Road Runner. While the Road Runner enjoyed a long production run, lasting until 1980, the Super Bee was discontinued after just four years, primarily due to the discontinuation of Chrysler’s powerful big-block V8 engines in 1971. Despite its shorter lifespan, the Super Bee remains a sought after classic car, with the 1971 model being particularly rare. Produced in two generations, the first Super Bee was based on the Coronet and lasted through…
By Leroy Leo and Puyaan Singh (Reuters) -UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday as it expects pressure across its government-supported health insurance businesses, and its shares fell 8%. The largest U.S. health insurer forecast a profit of as much as $30 per share. That upper end was below analysts’ estimates of $31.18 per share, according to LSEG data. UnitedHealth (NYSE:) set next year’s forecast “more conservatively than is typical” due in part to payment cuts from the government for Medicare plans and low state payment rates for Medicaid plans for low-income people, CEO…