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☆ Ukraine’s attacks on Russian oil refineries shows the growing threat AI drones pose to energy markets
▼ + stars: | 2024-04-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Ukraine's campaign of attacks against Russian oil refineries is demonstrating how relatively cheap drones that utilize artificial intelligence could pose a major threat to global energy markets. Ukraine-launched drones have hit 18 Russian oil refineries this year with a combined capacity of 3.9 million barrels per day, according to report published by JPMorgan earlier this month. Some 670,000 bpd of Russian refining capacity is currently offline due to the strikes, according to the bank. "Certainly, those attacks could have a knock-on effect in terms of the global energy situation," Austin told the Senate Armed Services Committee. The deployment of AI drones also has broader implications for global energy markets, according to Bob Brackett, a senior research analyst at Bernstein.

Persons: Natasha Kaneva, Lloyd Austin, Biden, Austin, we've, John Kilduff, Bob Brackett, Bernstein, Brackett Organizations: Reuters, JPMorgan, Kyiv, . Defense, Senate Armed Services Committee, Financial, Again Locations: Ukraine, Ryazan, Ryazan Region, Russia, Taneco, Kyiv, Moscow, Russian, China, India

☆ These are the best stocks to play the 'explosive' up move in copper, according to Strategas
▼ + stars: | 2024-04-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Copper prices are in the midst of a sharp rally, and there are a few stocks investors could check out to play the trend, according to Strategas. In a Thursday report, he called out the "explosive move from copper" and identified stocks with exposure to the metal that are breaking out of their multi-year ranges. The average price target suggests downside of about 3% from current levels. The average price target suggests 29% downside from current levels. He also raised his price target to $130 from $91, implying that shares could rally about 17% from their Friday close.

Persons: Chris Verrone, Bernstein, Bob Brackett, Brackett, Jefferies, Alejandro Anibal Demichelis, Demichelis Organizations: Copper, Southern Locations: U.S, Freeport, McMoRan, McRoRan, Indonesia, Mexico

☆ 50 years of history tell you to buy gold when the Fed cuts rates, says Bernstein
▼ + stars: | 2024-01-31 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Federal Reserve is poised to cuts interest rates this year and history shows that has pushed up precious metal prices, according to Bernstein analyst Bob Brackett. Traders are already moderating expectations for rate cuts, though gold has held steady so far, Brackett said. Indeed, respondents to CNBC's recent Fed survey now anticipate the central bank will cut rates fewer times this year and start the cycle later. "In general, the anticipation of more rate cuts often lead to a positive sentiment on gold and mining equities, while the expectation of fewer rate cuts tends to be negative," Brackett said. "Gold in the long term is generally observed to benefit from rate cuts," the analyst said.

Persons: Bernstein, Bob Brackett, Brackett, Bernstein's, — CNBC's Michael Bloom Organizations: Federal, Fed, Traders Locations: U.S

☆ Four deaf people died in the Lewiston mass shooting. The tragedy highlights their unique vulnerabilities during a crisis
▼ + stars: | 2023-11-12 | by ( Faith Karimi | ) edition.cnn.com time to read: +8 min

Seal was an advocate for the deaf community and a prominent sign-language interpreter at state government briefings during the coronavirus pandemic. People sign "I love you" at a vigil for victims of last month's mass shooting in Lewiston, Maine. Matt Rourke/APAdvocates for the deaf community say the attack resonated in a population that rarely makes headlines, marking a communal loss that reverberated nationwide. He was desperate for news but was left in the dark, said Minch, who is a member of Maine’s deaf community. Police gather at Schemengees Bar, where four members of the deaf community were killed when a gunman opened fire on October 25.

Persons: they’re, Howard Rosenblum, It’s, ” Meg Erasmus, William “ Billy ” Brackett, Bryan MacFarlane, Joshua Seal, Steve Vozzella, Seal, Matt Rourke, Rosenblum, ” Erasmus, “, ” It’s, Erasmus, Tommy Minch, CNN’s Omar Jimenez, Minch, Regan Thibodeau, David Sokol, ” Minch, Joseph Prezioso, it’s, ” Rosenblum, community’s, ” Organizations: CNN, National Association of, National Deaf Therapy, Maine Educational Center, Johns Hopkins Medicine, USA, Deaf, Police, Getty, Lewiston, “ Locations: Lewiston , Maine, Lewiston, Schemengees, Maine, AFP

LEWISTON, Maine (AP) — Dozens of Maine residents gathered at Sunday services to pray and support one another following a traumatic week in which a fellow Mainer gunned down 18 people in the worst mass killing in state history. The body of Card was found Friday in a trailer at a recycling center in Lisbon Falls. A stay-at-home order in place during the massive search was lifted Friday afternoon, hours before authorities announced they had found Card’s body at the Maine Recycling Corp. The Lewiston shootings were the 36th mass killing in the United States this year, according to a database maintained by AP and USA Today in partnership with Northeastern University. The database includes every mass killing since 2006 from all weapons in which four or more people, excluding the offender, were killed within a 24-hour time frame.

Persons: Daniel Greenleaf, Saints Peter, Paul, Robert Card, “ Greenleaf, ” Greenleaf, Card, Jim Ferguson, Michael Sauschuck, ” Sauschuck, William Brackett, “, ”, Billy Brackett, didn’t, ” Brackett, ‘, ’, Michael Casey Organizations: Saints, Authorities, Alcohol, Tobacco, Firearms, Explosives, State Department of Public, Card, Associated Press, Police, Central Maine Medical Center, Massachusetts General Hospital, Maine Recycling Corp, AP, USA, Northeastern University Locations: LEWISTON , Maine, Maine, Lewiston, ”, Lisbon Falls, Boston, Massachusetts, United States

CNN —For the victims of the mass shooting Wednesday night in Lewiston, Maine, it was an ordinary night out. Even on her night off on Wednesday, Asselin was at Just-in-Time, her brother told CNN. He was one the victims lost in the shooting in Maine,” the organization wrote in a Facebook post Thursday. Arthur “Artie” StroutArthur "Artie" Strout Strout family/WBZArthur “Artie” Strout, 42, was at Schemengees during the shooting, his father, Arthur Bernard, told CNN affiliate WBZ. His death has left his family in “shock and profound grief,” his family member Cecile Francoeur Martin told CNN.

Persons: Robert Card, Michael Sauschuck, Tricia Asselin Tricia Asselin, CNN Tricia Asselin, Asselin, I’m, ” DJ Johnson, ”, Johnson, Stephen “ Steve ” Vozzella Stephen Vozzella, Megan Vozzella Stephen Vozzella, Vozzella, Brian L, Renfroe, “, Governor Baxter, Karen Hopkins, ” Vozzella, NEDC, Steve Vozzella, he’d, Peyton Brewer, Ross Peyton Brewer, Ross, CNN Peyton Brewer, Ralph Brewer, Brewer, cornhole, Schemengees . Brewer, Ross “, Elle, Thomas “ Tommy ” Conrad Tommy Conrad, Timothy Conrad Tommy Conrad, Conrad, Michael Deslauriers, Vicki Deslauriers Roy, Michael Deslauriers II, Michael Deslauriers Sr, Deslauriers, ” Deslauriers, ” Jason Walker Jason Walker, Mike Sauschuck, Bryan MacFarlane Bryan MacFarlane, Keri Brooks Bryan MacFarlane, Keri Brooks, MacFarlane, Brooks, Arthur “ Artie ” Strout Arthur, Artie, Strout, WBZ Arthur, Artie ” Strout, Arthur Bernard, Bernard, Joseph “ Joey ” Walker Joseph Walker, CNN Leroy Walker, Joseph Walker, Walker, Joseph, ” Leroy Walker, it’s, ” Joshua Seal Lewiston, Joshua Seal, Seal, Janet Mills, Nirav Shah, Elizabeth Seal, Joshua, ” Seal’s, ” Keith Macneir Keith Macneir, Maxx Hathaway Maxx Hathaway, Kelsay Hathaway, GoFundMe Maxx Hathaway, ” Kelsay Hathaway, “ Brenda, Maxx, Brenda Hathaway, Lilian, Brenda, ” Kelsay, Courtney Hathaway, she’s, he’s, ” Courtney Hathaway, “ Maxx, Robert “ Bob ” Violette Bob Violette, Violette, CNN Bob Violette, “ Bob’s, Brandon Dubuc, ” Witnesses, Cassandra Violette, Lucille Violette Lucille Violette, Bob Violette, William “ Bill ” Young, Aaron Young, Bill Young, Aaron, Kayla Putnam, CNN Bill Young, Young, Putnam, Bill, “ He’s, ” Putnam, WCVB, “ It’s, Rob, ” Rob, Ronald “ Ron ” Morin, Ron Morin, Ron Morin Ron Morin, Cecile Francoeur Martin, Martin, Morin’s, Morin, ” William Frank Brackett William Frank Brackett, CNN’s Caroll Alvarado, Elizabeth Wolfe, Sara Smart, Afshar, Amanda Jackson, Cara Lynn Clarkson, Aya Elamroussi Organizations: CNN, Public, New, Deaf, National Association of, Carriers, U.S . Postal Service, Governor, Governor Baxter School, Deaf Cornhole, “, Schemengees, WMTW, Facebook, Historical Society, of Public, WBZ, WGME, Tree Society, Maine Gov, Boston Globe, Portland Press Herald, Press Herald, WCVB, Bangor Daily News Locations: Lewiston , Maine, Lisbon Falls, United States, Uvalde , Texas, Lewiston, Maine, Schemengees, Auburn , Maine, “

Seven died Wednesday at the Just-In-Time Recreation bowling alley, while eight others were fatally shot at nearby Schemengees Bar & Grille restaurant, police said. Here is what we know about some of victims:BILL AND AARON YOUNGBill Young and his 14-year-old son Aaron were shot and killed at the Just-In-Time Recreation bowling alley, Bill's brother Rob Young told Reuters. They were out for an evening with their bowling league, Rob Young said. TRICIA ASSELINAsselin was trying to call 911 when the gunman shot and killed her at the bowling alley, her brother DJ Johnson told CNN. Asselin, who worked at the bowling alley part time, was there for a night out with her sister, who survived the massacre, Johnson said.

Persons: Ronald Morin, Peyton Brewer, Ross, Joshua Seal, Bryan MacFarlane, Joseph Walker, Arthur Strout, Maxx Hathaway, Stephen Vozzella, Thomas Conrad, Michael Deslauriers II, Jason Walker, Tricia Asselin, Bill Young, Aaron Young, Bob Violette, Lucille Violette, William Brackett, Keith McNeir, AARON, Aaron, Bill's, Rob Young, TRICIA ASSELIN Asselin, DJ Johnson, Asselin, Johnson, JOSEPH WALKER, Walker, Leroy Walker, Joseph, Joey, BRYAN MACFARLANE, Kevin Lamarque, MacFarlane, Keri Brooks, Brooks, LUCY VIOLETTE Bob Violette, Cassandra Violette, Lucy, MICHAEL DESLAURIERS, JASON WALKER Deslauriers II, Michael Deslauriers Sr, Deslauriers, PEYTON BREWER, ROSS, Brewer, cornhole, STEPHEN VOZZELLA Vozzella, Schemengees, Vozzella, Cornhole, Steve Vozzella, Gabriella Borter, Sharon Bernstein, Eric Cox, Colleen Jenkins Organizations: Seven, Authorities, Reuters, CNN, Schemengees, REUTERS, Sears, Sun Journal, International Association of Machinists, Aerospace Workers, Bath Iron, IAM, National Association of, New, Thomson Locations: LEWISTON , Maine, Lewiston , Maine, Schemengees, Baltimore, Lewiston, Auburn , Maine, Lisbon Falls , Maine, U.S, Maine, Bath , Maine, New England, Sacramento , California

☆ In a rarity, emperor penguin chick hatches at Sea World San Diego
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/5] A new emperor penguin chick stands on a surface at SeaWorld in San Diego, California, U.S., in this handout image released to Reuters on October 25, 2023. Kyle Williams/Seaworld San Diego/Handout via REUTERS Acquire Licensing RightsOct 25 (Reuters) - SeaWorld San Diego has welcomed the hatching of an emperor penguin for the first time in 13 years, announcing on Wednesday that the female chick came out of its shell with help from zoo staff on Sept. 12. Some 300 penguins of several species live in the zoo's penguin habitat, but SeaWorld staff took special pride in the emperor hatching, said Melissa Ramsey, SeaWorld's supervisor of birds who helped hatch the penguin. The emperor penguin (Aptenodytes forsteri) is the biggest of all penguin species, and can reach 3.7 feet (1.15 meter) in height and weigh up to 99 lb (45 kg), according to the World Wildlife Fund (WWF). Unlike other species that produce multiple eggs a year, the emperor female lays only one egg once a year, Ramsey said in a telephone interview.

Persons: Kyle Williams, Handout, Justin Brackett, Melissa Ramsey, Ramsey, Brackett, Astrid, Daniel Trotta, Sandra Maler Organizations: Reuters, Seaworld, REUTERS Acquire, SeaWorld, World Wildlife Fund, WWF, Thomson Locations: SeaWorld, San Diego , California, U.S, Seaworld San Diego, SeaWorld San Diego, Antarctica

☆ A.I. startup founder charged with defrauding investors, manipulating documents
▼ + stars: | 2023-08-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The fraud ground to a halt, prosecutors alleged, after Brackett was unable to attract further investors and simply ran out of funds. It shopped documents claiming $3.7 million in annual revenue around to investors and various short-term lenders, prosecutors allege. Brackett allegedly "transferred Firm-1's funds out of the account," and the company soon collapsed. Centricity's tale echoes the fraud allegedly perpetrated by Charlie Javice, the troubled startup founder of the fintech Frank. Similar to the allegations against Brackett, Javice allegedly manipulated her metrics to convince JPMorgan to acquire her startup.

Persons: Damian Williams, Martin Luther King Jr, Michael Brackett, Brackett, Centricity, Charlie Javice, Frank, Javice Organizations: Attorney, Southern, of, National Action Network House, Justice, Wall Street, JPMorgan, Vision Fund Locations: Manhattan, U.S, Switzerland, Maine

☆ Photos show record California floods led to boat rescues, mudslides, and breached levees. More rain is coming.
▼ + stars: | 2023-01-02 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

An atmospheric river dumped record rainfall across Nothern California on New Year's Eve. A car is partially submerged on a flooded road after heavy rains in San Francisco, California, December 31, 2022, in this screengrab obtained from a social media video. Tayfun Coskun/Anadolu Agency via Getty ImagesOakland saw its wettest day on record on Saturday, and San Francisco was just shy of its record. Another person died after being pulled from the waters, according to the San Francisco Chronicle. In Tahoe, the atmospheric river dumped snow onto roadways that left some drivers stranded and prompted authorities to close major roadways.

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