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☆ Meet nuclear power's newest fans: data centers
▼ + stars: | 2024-05-06 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +11 min

The deal illustrates data centers' new-found interest in nuclear power. Joe Dominguez, the CEO of Constellation, the nation's largest operator of nuclear plants, said in a March earnings call that powering data centers with nuclear energy was "kind of a perfect marriage." AdvertisementVistra, another nuclear owner, also indicated it was arranging data center deals for a nuclear plant it owns in Ohio and one in Texas. Greg Poulos, the executive director of a PJM watchdog group, said that "one of my highest priority, highest radar items" is how data centers could push costs onto consumers and also whether nuclear data centers deals could reduce grid reliability. Beyond the nuclear optionNot all data centers, of course, are seeking out nuclear power to seize their energy independence.

Persons: —, Wes Swenson, Swenson, Joe Dominguez, Jim Burke, Ralph La Rossa, La Rossa, Steve Helber, Burke, Dominguez, PJM, Michael Jacobs, Brian Janous, Greg Poulos, Poulos, Biden Organizations: Service, Susquehanna, Amazon, Business, US Energy Information Administration, Nuclear, Constellation, Public Service Enterprise Group, Microsoft, International Energy Agency, Dominion Energy, Talen Energy, Energy, Union of Concerned Locations: Pennsylvania, Salt Lake City, Ohio, Texas, New Jersey, Our, Jersey, Virginia, Chester , Va, Susquehanna, Chicago, New York City

☆ AI could drive a natural gas boom as power companies face surging electricity demand
▼ + stars: | 2024-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City's current annual electricity consumption of 48 terawatt hours. The natural gas industry is betting gas will serve as the preferred choice. Coal plant retirements and data centers could result in 6 bcf/d of new natural gas demand in EQT's backyard by 2030, the CEO said. The level of electricity demand could help lift natural gas prices out of the doldrums.

Persons: Kena, Goldman Sachs, Robert, Richard Kinder, Kinder Morgan, Kinder, Roger Read, Wells, Goldman, Toby Rice, Rice, CNBC's, Christopher Womack, Robert Blue, EQT, Jeremy Knop, Knop, Blue, Read, Lynn, Zack Van Everen, Robert Kinder Organizations: Linden, View Press, Getty, Amazon, Google, Microsoft, Meta, Rystad Energy, Robert Blue Dominion Energy, Gas, Holt, Co, EQT Corp, U.S ., Dominion Energy, Georgia Power, Southern Company, Dominion, Renewables, CNBC, Lynn Good, Energy Locations: Linden New Jersey, U.S, Wells, Wells Fargo, New York, Houston, Pickering, Northern Virginia, Georgia, Appalachian, Virginia, Gulf

☆ In Bankruptcy, Giuliani Set a $43,000 Monthly Budget. Creditors Are Skeptical.
▼ + stars: | 2024-05-01 | by ( Eileen Sullivan | More About Eileen Sullivan | ) www.nytimes.com time to read: +2 min

His creditors also do not trust that he is being honest about the assets he does disclose. For example, Mr. Giuliani lists among his assets an undisclosed number of shares in Uber, the ride-share service. Lawyers for the creditors say he provided them a more detailed account, but it was not filed publicly in the court, as missing details typically are. And as of April 26, Mr. Giuliani had not provided details for his Discover card charges in January. One of the two Georgia election workers he defamed, Shaye Moss, was selected by Mr. Giuliani’s creditors to serve on a three-person committee to represent their interests throughout the bankruptcy case.

Persons: Giuliani, “, ”, ” Bruce, Shaye Moss, Noelle Dunphy, Mr, Lindsey Kurtz Organizations: Uber, New York Yankees, Pritzker, American Express, Dominion Voting Systems Locations: U.S, Georgia

☆ Far-right network OAN retracts false story about Michael Cohen affair with Stormy Daniels
▼ + stars: | 2024-04-29 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

Cohen and Daniels are both key witnesses against Trump in his ongoing New York state criminal trial. Trump is accused of falsifying business records to cover-up the $130,000 payment that Daniels received so she wouldn’t publicly reveal their alleged affair before the 2016 election. Cohen hired veteran attorney Justin Nelson after OAN published the story last month. The little-watched network has regularly given airtime to baseless conspiracy theories, most prominently in the wake of the 2020 election. OAN still faces a separate defamation lawsuit brought by Nelson’s law firm on behalf of Dominion over its promotion of 2020 election lies.

Persons: Donald Trump’s, Michael Cohen, Stormy Daniels, Cohen, Daniels, Trump, wouldn’t, Cohen “, ”, Daniel, ” Cohen, OAN, –, Justin Nelson, Nelson, “, ” Nelson, OAN didn’t Organizations: CNN, Trump Organization, Trump, Smartmatic, Dominion Voting Systems, Fox News, Dominion Locations: New York, Arizona

☆ Right-Wing Network Retracts False Story About Key Witness in Trump Trial
▼ + stars: | 2024-04-29 | by ( Maggie Haberman | Katie Robertson | ) www.nytimes.com time to read: 1 min

One America News, a right-wing cable news network, on Monday retracted a report claiming that Donald J. Trump’s former fixer had been the person who actually had an affair with the porn star whose claims of a sexual relationship with Mr. Trump are key to his criminal trial. The retraction came after the fixer, Michael D. Cohen, hired a leading defamation lawyer to address the false report, which was posted on the network’s website on March 27. The lawyer, Justin Nelson, had represented Dominion Voting Systems in a suit against Fox News that cost that network $787.5 million to settle. Mr. Nelson worked with Mr. Cohen’s longtime lawyer, Danya Perry, in what was a remarkably quick about-face by OAN. There are no monetary damages, but the story is being removed from the website “and all social media,” the network said in a statement on Monday.

Persons: Donald J, Trump, Michael D, Cohen, Justin Nelson, Nelson, Cohen’s, Danya Perry Organizations: America, Voting Systems, Fox News, Mr, OAN

☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ Stocks making the biggest moves midday: Tesla, Hilton, Boeing, Mattel and more
▼ + stars: | 2024-04-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Hilton Worldwide Holdings — The hotel stock climbed 4% on the back of strong first-quarter adjusted earnings and raised full-year guidance. Mattel saw $810 million in revenue during the quarterly period, which was less than the consensus estimate of $832 million. Adjusted earnings per share came in at 61 cents, beating analysts' expectations of 27 cents per share, according to LSEG. Revenue of $757 million was greater than the $739 million analysts anticipated. Sales of Biogen's Alzheimer's drug Leqembi came in at about $19 million for the quarter, surpassing the $11 million analysts had anticipated, per FactSet.

Persons: LSEG, Elon Musk, Tesla, Musk's, Hilton, Mattel, Enphase, Biogen, LSEG ., Leqembi, —, Jesse Pound, Alex Harring, Michelle Fox, Lisa Han Organizations: Boeing, . Old Dominion, Hilton Worldwide Holdings, Texas, Mattel, LSEG, Hasbro, Enphase Energy, Dynamics —, Dynamics, Seagate Technology, Seagate Locations: FactSet, LSEG

☆ Notorious far-right blog The Gateway Pundit declares bankruptcy over 2020 election-related lawsuits
▼ + stars: | 2024-04-24 | by ( Oliver Darcy | Marshall Cohen | ) edition.cnn.com time to read: +3 min

CNN —The Gateway Pundit, the notorious far-right blog and prolific publisher of conspiracy theories, said Wednesday that it had filed for bankruptcy protection as it grapples with litigation related to its coverage of the 2020 election. Another lawsuit, filed by a former Dominion Voting Systems executive, accuses the outlet of defamation. The Gateway Pundit denies wrongdoing in both cases. Over the years, The Gateway Pundit has become infamous for its publishing of hyper-partisan blog posts, many of which advance dangerous lies and conspiracy theories. The Gateway Pundit is one of several right-wing media outlets grappling with the fallout stemming from its promotion of 2020 election lies.

Persons: Donald Trump, Joe Biden, Ruby Freeman, Wandrea, ” Moss, Jim Hoft, Trump, MAGA, Hoft, ”, ” Hoft Organizations: CNN, Dominion Voting Systems, Republican, Fox News, America News Locations: Georgia, Smartmatic, Dominion

☆ Technical Support: Meta, Dominion Energy & General Motors
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTechnical Support: Meta, Dominion Energy & General MotorsJay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss the technical support for a few companies.

Persons: Jay Woods Organizations: Dominion Energy, General, Freedom Capital Markets

☆ These 5 stocks will power the AI revolution as data centers spread and electricity demand doubles, says Bank of America
▼ + stars: | 2024-04-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The rise in power demand for data centers — which are booming from the need to support a new world of AI technologies — is also fueling demand for the providers of data center parts. "Expected power usage for U.S. data centers under construction is equivalent to more than 50% of the power currently used by U.S. data centers. Several years out, even after these data centers are constructed, some expect data center power consumption to double again," analyst Thomas Thornton wrote in a Wednesday note. Management is raising its own capital expenditures for the first time in a decade to meet the power demand for data centers, BofA added. To be sure, analysts mentioned that data center demand will likely exceed supply.

Persons: Thomas Thornton, Thornton, BofA, David Barden, Barden, Equinix, Eaton Organizations: Bank of America, Caterpillar, Management, Realty Trust, Digital Realty, Software, Aspen Tech, Constellation Energy, Dominion Energy

☆ New data centers require billions of dollars in utility system upgrades. You may end up paying for it.
▼ + stars: | 2024-04-18 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +15 min

A record surge of data center construction is underway to provide the computing and storage that underpins society's fast-expanding digital footprint and powers artificial intelligence. In areas of the country where data centers have clustered, utilities have unveiled plans to spend billions of dollars to keep up. asked David Springe, the executive director of the National Association of State Utility Consumer Advocates. "Then you have the data centers that are having exponential load growth," Nelson said. Data centers also don't deliver the number of long term jobs – a key yardstick for public benefits – that other industries do.

Persons: Mike DeWine, David Springe, they're, Ryan Augsburger, Augsburger, Ron Nelson, Strategen, ratepayers, Nelson, Steve Helber, That's, PJM, David Lapp, Lapp, Jeffrey Shields, Shields, Kantele Franko, Shelby Moore, Meta, behemoth Blackstone, QTS, John Gavan, Daniel Tait, Tait Organizations: Amazon, Ohioans, Business, Wall, Boston Consulting Group, National Association of State, Consumer, Ohio Manufacturers ' Association, Web Services, Energy, Dominion Energy, Federal Energy Regulatory Commission, Tech, Wall Street titans, American Electric Power, Buckeye Power, AEP, Buckeye, AEP Ohio, Staff, Intel, Policy Institute Locations: Ohio, ratepayers, Chester , Va, Virginia, PJM, Chicago, New Jersey, New York City, Maryland, West Virginia, Pennsylvania, Columbus , Ohio, Denver, New Albany , Ohio, Minnesota, Columbus, Mississippi

☆ OAN and Smartmatic settle election defamation case
▼ + stars: | 2024-04-16 | by ( Marshall Cohen | Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Voting technology company Smartmatic and the far-right network One America News said Tuesday that they had settled a defamation lawsuit stemming from the outlet’s lies about the 2020 election. “The case has been resolved pursuant to a confidential agreement,” OAN attorney Chip Babcock told CNN. The case against OAN was one of a spate of lawsuits filed against right-wing outlets in the aftermath of the election. In the wake of the 2020 presidential contest, pro-Donald Trump outlets spread lies wrongfully suggesting President Joe Biden had not been legitimately elected president. OAN settled a defamation suit in September with former Dominion executive Eric Coomer, whose case revealed how the network worked with former Trump campaign lawyer Sidney Powell and others to lie about the election.

Persons: “, ”, Chip Babcock, OAN, Donald Trump, Joe Biden, Smartmatic, Trump’s, Eric Coomer, Trump, Sidney Powell Organizations: CNN, OAN, Fox News, Dominion Voting Systems, Trump, Russian, Dominion, DirecTV Locations: Ukraine

☆ How Speaker Johnson helped Trump’s attempts to overturn the 2020 election
▼ + stars: | 2024-04-12 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

Years before becoming House speaker, Republican Rep. Mike Johnson of Louisiana played a leading role aiding Donald Trump’s efforts to overturn the 2020 election. That history will be on display Friday, with Johnson set to deliver remarks alongside the former president about “election integrity” – a phrase Trump often uses to describe the lie that the 2020 election was rigged and unfounded concerns about future mass voter fraud. Johnson carved out an influential role after the 2020 election, helping Trump’s attempts to subvert the will of the people and overturn the legitimate results. He later recruited a majority of House Republicans to endorse a Trump-backed lawsuit seeking to invalidate the results from four key states that Trump lost: Pennsylvania, Georgia, Michigan and Wisconsin. (In truth, as the Supreme Court later affirmed, judges have the power to review state election laws.)

Persons: Mike Johnson, Donald Trump’s, Johnson, ”, Trump, Trump’s, Joe Biden’s, ” Johnson, Hugo Chávez’s, Smartmatic, would’ve, Biden, – Johnson Organizations: Republican, Trump, Voting Systems, Biden, Dominion, Fox News, House Republicans, Republicans, Democratic Locations: Louisiana, Hugo Chávez’s Venezuela, Georgia, Pennsylvania, Michigan, Wisconsin, Arizona

☆ Australia: A man complained about a ‘women only’ art exhibit. Now a tribunal has ruled the museum must admit male visitors
▼ + stars: | 2024-04-10 | by ( Christy Choi | ) edition.cnn.com time to read: +4 min

CNN —A museum in Australia is being forced to allow men into art exhibit originally conceived for women only, after a tribunal ruled it “discriminatory,” following a complaint by a disgruntled man who was denied entry. During proceedings, Kaechele told the tribunal that denying men entry to the mysterious room is indeed part of the art — giving them a taste of the discrimination and exclusion many women have experienced through history. “Because the requirement is that it will have to open to men, and that’s not happening,” she said. After Tuesday’s ruling, MONA’s official spokesperson told CNN that the institution was “deeply disappointed” by the tribunal’s decision. It was beautiful, the room, the art installation, the meaning of it all.”

Persons: MONA, Kirsha Kaechele, —, ” Jason Lau, Lau, ”, Kaechele, “, Jesse Hunniford, ” Kaechele, Charlotte Vignau Kaechele, Tuesday’s Organizations: CNN, Tasmania’s, of, Tasmanian Civil, KK Locations: Australia, New South Wales, Lau’s

☆ How a Case Against Fox News Tore Apart a Media-Fighting Law Firm
▼ + stars: | 2024-04-10 | by ( David Enrich | ) www.nytimes.com time to read: +1 min

Last April, dozens of lawyers and their guests gathered at the Columbus Inn in Wilmington, Del. Hours earlier, the lawyers and their client, Dominion Voting Systems, had negotiated an extraordinary $787 million settlement with Fox News. Susman Godfrey would pocket a thick slice of the settlement that Fox had just wired over. Clare Locke, a smaller firm that specializes in the niche field of defamation law, wouldn’t get a cut of the settlement. But Dominion had already paid it millions of dollars in fees, and the victory offered the firm the potential for something even greater.

Persons: Buffalo Bill, Fox, Dominion, Donald J, Trump, Susman Godfrey, Clare Locke, wouldn’t Organizations: Buffalo, Voting Systems, Fox News, Fox, Dominion Locations: Wilmington, Del

☆ KeyBanc's Sophie Karp shares her top utility picks including Constellation and Dominion Energy
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeyBanc's Sophie Karp shares her top utility picks including Constellation and Dominion EnergySophie Karp, KeyBanc Capital Markets, joins 'Fast Money' to talk tomorrow's inflation report and what's ahead for energy prices and her top utility stock picks.

Persons: KeyBanc's Sophie Karp, Dominion Energy Sophie Karp Organizations: Constellation, Dominion Energy, KeyBanc

☆ These stocks have the strong margins and pricing power to withstand a reacceleration in inflation
▼ + stars: | 2024-04-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Investors may want to pick up shares in companies that can withstand a possible inflation comeback. The second quarter is off to a rough start as investors have become increasingly wary about higher-for-longer interest rates and stickier inflation. Against this market backdrop, we used the CNBC Pro Stock Screener to search for stocks with the pricing power and cost controls to handle a potential inflation reacceleration. These names have also showed reliable earnings growth during the post-pandemic inflation spike. The darling chipmaker has gross profit margin of 72.7% and high levels of earnings growth.

Persons: Dow, Dow Jones, Brad Reback, ServiceNow's, Reback, Goldman Sachs, Arista's Organizations: Nasdaq, Federal Reserve, CNBC, Stock, Arista Networks, Arista, Nvidia, Design Systems, Dominion Freight

☆ Take some profits and buy cyclical names if March CPI only matches expectations, investors say
▼ + stars: | 2024-04-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Conversely, Kilburg is adding to positions that have lagged the market, such as industrial and health-care stocks. "Those are three names that I believe are blue chip, essential names to the U.S. economy," he said. UnitedHealth and other health-care stocks are also trading at a discount, Kilburg said, citing Johnson & Johnson as a potential winner. Buy cyclical names Bailey, formerly a health-care analyst at Legg Mason and Stifel Financial before joining FBB in 2015, expects a hotter-than-forecast inflation report on Wednesday would take stocks lower. The Johns Hopkins MBA also sees the larger, diversified banks as attractive in a climate of higher inflation and interest rates.

Persons: Jeff Kilburg, Kilburg, Mike Bailey, Bailey, payrolls, Lockheed Martin, Johnson, Legg Mason, Berkshire Hathaway, Johns Hopkins, UnitedHealth Organizations: KKM, FBB Capital Partners, Meta, Nvidia, Lockheed, Stifel, FBB, Treasury, Berkshire, Union Pacific, Old Dominion Freight Locations: U.S, McLennan, Progressive, Chevron

☆ Judge schedules Newsmax case over 2020 election lies for September trial
▼ + stars: | 2024-04-03 | by ( Marshall Cohen | ) edition.cnn.com time to read: +4 min

CNN —A judge has scheduled a major defamation case against right-wing cable channel Newsmax to go to trial in late September, putting the battle over 2020 election lies front-and-center at the peak of the 2024 campaign. A trial could have significant implications for the First Amendment and how journalists cover Trump’s election lies. The conservative network doesn’t attract a large audience like Fox News, but Newsmax’s ratings surged after the 2020 election. In addition to the Newsmax case, Smartmatic is also suing Fox News, the fringe far-right cable channel OAN and Trump allies like Rudy Giuliani and Mike Lindell, who peddled the same election lies. But there were delays in that case, creating an opening for the Smartmatic case.

Persons: CNN —, Donald Trump’s, Smartmatic, Joe Biden, Eric Davis, Davis, Newsmax, “ Newsmax, … Newsmax, ’, Trump’s, ”, Bill Daddi, Christopher Ruddy, Fox, Eric Bolling, Greta Van Susteren, Sebastian Gorka, Clinton, Dick Morris, Trump, Rudy Giuliani, Mike Lindell Organizations: CNN, Dominion Voting Systems, Trump, Delaware Superior Court, Dominion, Fox News, Fox, Trump White House Locations: Delaware Superior

☆ Qatari royal reportedly invested $50 million in pro-Trump news channel Newsmax
▼ + stars: | 2024-03-27 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Right-wing news outlet Newsmax received an investment of roughly $50 million from a Qatari royal between 2019 and 2020, the Washington Post reported, citing documents seen by the paper and confirmations from representatives of both Newsmax and the royal investment firm. Former Qatari government official Sheikh Sultan bin Jassim Al Thani invested in Newsmax through Heritage Advisors, a London-based investment fund that he owned, according to the report. According to the Post's reporting on Tuesday, Newsmax was looking for investors to compete with the likes of Fox News. In a statement cited by The Hill, a Newsmax spokesperson said: "In 2019 Newsmax received a minority investment from a UK-based fund with a Qatari investor that also invested in a company associated with the current Washington Post publisher. The Qatari royal "transferred his stake to a Cayman Islands-based corporate structure," the Post reported, adding that the $50 million investment represented a "significant minority stake."

Persons: George R, Newsmax, Sultan bin Jassim Al Thani, Donald Trump's Organizations: National Rifle Association, Brown Convention, Washington Post, Former Qatari, Heritage Advisors, United Arab, Doha stringently, Fox News, CNBC, Qatari, Dominion Voting Systems Locations: Houston , Texas, Newsmax, London, Qatar, United Arab Emirates, Saudi Arabia, Qatari, Cayman Islands

☆ Top Wall Street analysts like these dividend stocks for portfolio income
▼ + stars: | 2024-03-24 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors seeking some stability in their portfolios may want to consider high-quality dividend stocks, especially those with a track record of steady income payments. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, PepsiCo announced a 7% hike in its annualized dividend to $5.42 per share, effective with the dividend payable in June 2024. On March 18, Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo stock to buy from hold with a price target of $190. (See PepsiCo Stock Buybacks on TipRanks)

Persons: Wall, Enbridge, Robert Kwan, Kwan, TipRanks, Gerard Cassidy, Brian Moynihan, Cassidy, Morgan Stanley, Dara Mohsenian, Mohsenian Organizations: Pepsi, Brooklyn borough New, Enbridge Energy, RBC Capital, East Ohio Gas Company, Ohio Gas, Public Service Company, Dominion Energy, Dominion, Bank of America, PepsiCo, TipRanks Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, U.S, North Carolina, TipRanks

☆ Banks are in limbo without a crucial lifeline. Here's where cracks may appear next
▼ + stars: | 2024-03-19 | by ( Hugh Son | ) www.cnbc.com time to read: +8 min

Most of the banks deemed to be potentially challenged are community lenders with less than $10 billion in assets. These banks need to either raise capital, likely from private equity sources as NYCB did, or merge with stronger banks, Graham said. There are other signs of mounting stress among smaller banks. They ranged in size from $90 billion in assets to under $1 billion, according to Fitch. He predicts a surge in merger activity from lenders between $3 billion and $20 billion in assets as smaller firms look to scale up.

Persons: Klaros, Steven Mnuchin, Brian Graham, Graham, you've, PacWest, Banks, Jerome Powell, Powell, Fitch, Brendan Mcdermid, I've, Chris Caulfield, West, Spencer Stuart, You've, Frank Sorrentino, Stephens, It's, that's, Sorrentino Organizations: Silicon Valley Bank, Federal Reserve, Klaros Group, York Community Bank, ex, Fitch, Federal Deposit Insurance Corporation, Traders, New York Stock Exchange, Reuters, U.S, First Republic, Mercer Capital, Bank, Dominion Bank, Capital, Regulators Locations: Silicon, California, New York City, U.S, Toronto, West Monroe, FirstSun, Seattle

☆ Pro-Trump attorney arrested after court hearing about leaked Dominion emails
▼ + stars: | 2024-03-18 | by ( Marshall Cohen | ) edition.cnn.com time to read: +5 min

CNN —A pro-Trump lawyer who tried to overturn the 2020 election was arrested Monday after a court hearing about her recent leak of internal emails belonging to Dominion Voting Systems. In the last 24 hours, Leaf has posted more than 2,000 internal Dominion documents on his social media account. The marshals declined to say whether they arrested her, and she didn’t answer messages seeking comment after the hearing. During the at-times testy hearing Monday, Magistrate Judge Moxila Upadhyaya peppered Lambert with sharp questions about the disputed Dominion materials. Dominion wants Lambert removed from the case and suggested in court Monday that she might have committed a crime by disseminating the files to Leaf.

Persons: Stefanie Lambert, Lambert, Dar Leaf, Donald Trump, Leaf, Patrick Byrne, “, Judge Moxila Upadhyaya, ” Upadhyaya, Byrne, ”, ” Lambert, Davida Brook, Rudy Giuliani, Sidney Powell, CNN’s Holmes Lybrand Organizations: CNN, Trump, Voting Systems, Dar, US Marshals Service, U.S . Marshals, Dominion, Leaf, meddled, US Intelligence, America, . Dominion, Fox News Locations: Michigan, Barry, Dominion, Washington ,, Serbia

☆ A New Surge in Power Use Is Threatening U.S. Climate Goals
▼ + stars: | 2024-03-13 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +14 min

Nathan Howard for The New York TimesIn California, electric vehicles could soon account for 10 percent of peak power demand. AP Photo/Mike StewartIn interviews, utility executives say gas is needed to back up wind and solar power, which don’t run all the time. Gas plants can sometimes be easier to build than renewables, since they may not require new long-distance transmission lines. “It’s going to take a diversified fleet.”Mr. Mitchell noted that Georgia Power was planning a large build-out of solar power and batteries over the next decade and would offer incentives to companies to use less power during times of grid stress. The tech companies and manufacturers that are driving up electricity demand could also play a major role, experts say.

Persons: ”, Daniel Brooks, Nathan Howard, Lauren Justice, Biden’s, “, Tyler H, Norris, Mr, John Wilson, Ken Seiler, Seiler, Devin Hartman, Duke, Kendal Bowman, Duke Energy’s, it’s, we’ve, Georgia Power, It’s, Greg Buppert, Megan Varner, Mike Stewart, Aaron Mitchell, “ It’s, Mitchell, Heather O’Neill, Brian Janous Organizations: Electric Power Research Institute, The New York Times, Duke University, Biden, Utilities, North American Electric Reliability Corporation, Boston Consulting, Dominion Energy, Nationwide, R Street Institute, The New York Times Soaring, Duke Energy, Georgia, Southern Environmental Law Center, AP, Dominion, Georgia Power, Advanced Energy, Microsoft Locations: America, California, Virginia, Georgia, North Carolina, South Carolina , Tennessee, Kansas, Northern Virginia, Arizona, Texas, Illinois, New Jersey, York City, PJM, “ Texas, Ashburn, Va, Dalton , Ga, Dalton, Duke

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