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Texas Power Failures Shut Chip Factories, Squeezing Tight Supply

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3 Stocks Flashing Signs of Strong Insider Buying

For an individual investor to beat the market, you need an edge. Investing strategies come in different forms and you can rely on several factors to achieve the end goal of strong returns. Be it following analyst ratings, upcoming catalysts or recognizing the latest market moving trends. There is another option: following the signal from those in the know – the corporate insiders. These are the company officers whose positions give them both access to frequently privileged information on business plans and finances and the experience necessary to translate that into smart stock trades. And better yet – they are not wholly free actors. Being responsible to shareholders and Boards of Directors for company profits, these insiders cannot use their inside knowledge for selfish purposes. Which means that following their stock trades, especially of their own companies, can be a viable

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Biden Team Pressing Taiwan, Allies on Auto Chip Shortfall

(Bloomberg) — President Joe Biden’s top economic adviser, Brian Deese, has sought the Taiwanese government’s help resolving a global semiconductor shortage that’s idling U.S. car manufacturing plants, according to a letter reviewed by Bloomberg News.

In the letter, Deese thanked Taiwan’s minister of economic affairs, Wang Mei-hua, for her personal engagement on the microchips shortage and relayed concerns from U.S. automotive companies.

Deese’s letter shows that top White House officials have become involved in trying to resolve the shortage, which has presented an early challenge to Biden’s administration. Deese, the director of the National Economic Council, as well as National Security Adviser Jake Sullivan are both personally engaged in the effort to address bottlenecks in auto companies’ supply chains, a White House spokesperson said.

The spokesperson asked not to be identified by name because the talks have been private. Wang told reporters Thursday that she hasn’t received a letter from

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How Covid led to a $60 billion global chip shortage for automakers

This photo shows Ford 2018 and 2019 F-150 trucks on the assembly line at the Ford Motor Company’s Rouge Complex on September 27, 2018 in Dearborn, Michigan.

Jeff Kowalsky | AFP | Getty Images

Automakers across the globe are expected to lose billions of dollars in earnings this year due to a shortage of semiconductor chips, a situation that’s expected to worsen as companies battle for supplies of the critical parts.

Consulting firm AlixPartners expects the shortage will cut $60.6 billion in revenue from the global automotive industry this year. That conservative estimate includes the entire supply chain — from dealers and automakers to large tier-1 suppliers and their smaller counterparts, according to Dan Hearsch, a managing director in the New York-based firm’s automotive and industrial practice.

“All the way up and down the supply chain, everybody is out some portion of money,” he said. “This could be 10% of

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Nissan lowers sales forecast, acknowledges chip shortage disruption

This photo, taken in the U.K. on December 18, 2020, shows the back of a Nissan Leaf electric vehicle.

Ian Forsyth | Bloomberg | Getty Images

The CEO of Nissan reaffirmed the importance of electric vehicles to the carmaker’s future on Tuesday, telling CNBC that his company would be “building (on) our strengths to electrify 100% of our all-new vehicle offering from the early 2030s in key markets.”

Makoto Uchida’s comments echo an announcement made by Nissan at the end of January, when the firm said the Japanese, European, U.S. and Chinese markets would be the focus of its electrification goal for new vehicles.

In his interview with CNBC’s “Street Signs Europe,” Uchida also addressed the global shortage of semiconductors affecting the automotive industry, stating that it had “impacted our domestic and our overseas production.”

An increased demand for gadgets and electronic devices during the coronavirus pandemic has contributed to

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