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☆ Germany's decision to cut EV subsidies has hit production in Europe, Hydro CFO says
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany's decision to cut EV subsidies has hit production in Europe, Hydro CFO saysTrond Olaf Christophersen, CFO of Hydro, discusses the aluminum sector and first-quarter earnings.

Persons: Trond Olaf Christophersen Organizations: Hydro Locations: Europe

☆ A 10-second trick will tell you the cause of your under-eye dark circles — and how to get rid of them
▼ + stars: | 2024-04-22 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

How your skin reacts tells you whether the dark circles are caused by thinner under-eye skin or pigmentation. Related storiesFor thin skin, Zubritsky told BI that products with hyaluronic acid should help hydrate and plump the skin. AdvertisementBoth she and Penzi suggested Neutrogena Hydroboost Eye Gel Cream, and Penzi also recommended First Aid Beauty Hydrating Eye Cream with Hyaluronic Acid. If you deal with puffiness, "it's important to look for under-eye creams with ingredients like caffeine," Zubritsky said, because caffeine constricts blood vessels and improves circulation. Advanced Eye, Neutrogena Hydro Boost+ Caffeine Eye Gel Cream, and CeraVe Skin Renewing Eye Cream as all options with caffeine in them.

Persons: —, Dr, Lindsey Zubritsky, Zubritsky, Lauren Penzi, Penzi, dermatologists, Bliss Organizations: Service, Business, L'Oreal Paris, Triple, Neutrogena Hydro Locations: Pennsylvania, New York

☆ The $6 billion project to power 1 million NY homes with clean energy is the first of its kind
▼ + stars: | 2024-04-22 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

The 339-mile CHPE transmission line aims to provide hydropower to a million New York City homes. According to EPA data, carbon emissions in the New York City area rose by about 20% between 2019 and 2022. Gas-fired power plants contribute to poor air quality, which can lead to health problems like asthma. The asthma rate for children in New York City, especially in poorer neighborhoods, is one of the highest in the country. New York has six years to achieve its goal of powering 70 percent of its grid with renewable energy.

Persons: It's, CHPE, Donald Jessome, Vural, Ryan Calder, Calder, Methylmercury, Jessome Organizations: Infrastructure, Service, Champlain Hudson Power Express, Transmission Developers, New, Anadolu Agency, Getty, Virginia Tech, Hydro, Department of Energy, Queens, Sierra Club, Center for Biological Diversity, Blackstone, CHPE Locations: York City, Canada, New York, New York City, Ravenswood, Astoria, Albany, there's, Poughkeepsie, Queens , New York, Calder, Lake Champlain, Hudson, York

☆ How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes
▼ + stars: | 2024-04-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

watch nowHELL'S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell's Gate National Park. "That doesn't happen without the bitcoin miners and us being globally distributed." MacKenzie SigalosWherever the operation, bitcoin mining is a volatile business, because so much of the economics depends on the price of the cryptocurrency. Before getting into bitcoin mining, he and his two co-founders, Philip Walton and Janet Maingi, spent years building internet connectivity infrastructure in rural and urban Africa. Demand from bitcoin miners on these semi-stranded assets is making renewables in Africa economically viable.

Persons: Jack Dorsey's, MacKenzie Sigalos, Erik Hersman, Bitcoin, Gridless, Lake Naivasha, bitcoin, Adam Sullivan, Philip Walton, Janet Maingi, Michael Gottschalk, Nic Carter, Carter, Hersman, It's, it's Organizations: CNBC, Kenyan, Core, Deutsche Bank, Marathon, United Arab, Getty, Island Ventures, Miners, International Energy Agency Locations: Kenya, Nairobi, Lake Naivasha, Malawi, Zambia, Venezuela, Lebanon, Gate, Lake, U.S, Texas, Russia, China, America, Africa, Toronto, Argentina, Florida, United Arab Emirates, Paraguay, Hersman, Sudan, Iceland, El Salvador, Bhutan

☆ Jack Dorsey backed start-up taps into geothermal, hydro and solar power to run bitcoin mines across Africa
▼ + stars: | 2024-04-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJack Dorsey backed start-up taps into geothermal, hydro and solar power to run bitcoin mines across AfricaCNBC's MacKenzie Sigalos reports from just outside Nairobi, Kenya, on Gridless, a company that's using clean energy sources to power bitcoin mines that don't need to rely on the local power grid.

Persons: Jack Dorsey, Africa CNBC's MacKenzie Sigalos Locations: Africa, Nairobi, Kenya, Gridless

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Nvidia, Kroger, GM, Super Micro Computer, Rivian, Reddit & more
▼ + stars: | 2024-04-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We downgrade HON to Hold as we only see 10% upside to our new, lower $215 price target." Goldman Sachs initiates GE Vernova as buy Goldman said it's bullish on the company's electrification opportunity. " Goldman Sachs initiates DraftKings as buy Goldman said the sports betting company is a "revenue compounder." "We initiate coverage on Genius Sports Ltd. (GENI) with a Buy rating and a 12-month price target of $7.50 (40% upside)." Argus upgrades Goldman Sachs to buy from neutral Argus upgraded Goldman Sachs following its earnings report on Monday.

Persons: Evercore, Reddit, JPMorgan, Tesla, Goldman Sachs, Goldman, it's bullish, Wells, Needham, Morgan Stanley, it's, AUNA, William Blair, Cantor Fitzgerald, Klaviyo, Cantor, SYNNEX, Baird, Guggenheim Organizations: Evercore, Nvidia, UBS, Deutsche Bank downgrades Honeywell, Deutsche, Bank of America, of America, JPMorgan, Citi, Coty Citi, COTY, GE Vernova, Genius Sports Ltd, HSBC, Devices, AMD, KR, Apple, Barclays, Tyson, TSN, Emerging Athletic Brands, Crown Holdings, Argus, Goldman, Netflix, Guggenheim, NASDAQ, Deutsche Bank, General Motors, GM

☆ Why Heat Pumps Are the Future, and How Your Home Could Use One
▼ + stars: | 2024-04-14 | by ( Hilary Howard | ) www.nytimes.com time to read: 1 min

Heat pumps, which both warm and cool buildings and are powered by electricity, have been touted as the answer to curbing greenhouse gas emissions produced by homes, businesses and office buildings, which are responsible for about one-third of the emissions in New York State. Why are heat pumps better for the environment? Heat pumps are all-electric. Even though most electricity still comes from combustion, the United States is slowly transitioning to renewable power like hydro, wind and solar. As this shift occurs, heat pumps will help eliminate greenhouse gases.

Locations: New York State, York, United States

☆ AI data centers are going to need a lot of power. These utility stocks could benefit, Evercore ISI says
▼ + stars: | 2024-04-04 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Artificial intelligence data centers will require plenty of electricity – and that could bode well for a select group of utility stocks, Evercore ISI said. He expects the power load from data center and/or AI to be met 50% with gas, 25% with solar and 25% with wind. Baltimore-based Constellation Energy was highlighted by Evercore, which rates the stock as outperform. CEG YTD mountain Constellation energy stock has climbed nearly 63% in 2024. VST YTD mountain Vistra stock has climbed more than 90% in 2024.

Persons: bode, Durgesh Chopra, Chopra, Vistra, Evercore Organizations: McKinsey & Co, Constellation Energy, Public Service Enterprise Group, AES Corp Locations: Baltimore, U.S

☆ Ukraine says it downed two of three Russian drones overnight
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Ukraine's air force shot down two out of three Russia-launched Shahed drones overnight, the Ukrainian military said on Monday. Separately, Ukraine's energy ministry said equipment at a power substation in the southern Zaporizhzhia region had been damaged following a drone attack. Monday night was relatively quiet for Ukraine following a series of attacks on the country's energy infrastructure that Russia stepped up more than a week ago. On March 22, Russian forces carried out the largest strike on grid infrastructure during the two-year-old war, causing major damage and resulting in massive power outages. Russia last week continued targeting Ukraine's thermal and hydro-power plants.

Organizations: General Staff, Facebook Locations: Russia, Ukraine

☆ This utility stock is the standout of its sector and it's raising its dividend. Here's what Wall Street says is next
▼ + stars: | 2024-03-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The utilities sector is living in the shadows of mega-cap tech, but a power player name is emerging — and it's toting year-to-date gains of more than 40%. Constellation Energy , headquartered in Baltimore, is the top winner in the utilities sector in 2024, with NRG Energy in a distant second place with a 22.7% advance. Indeed, the utilities sector and real estate are the two laggards of the S & P 500 , down about 1% and 3.5% in 2024, respectively. CEG XLU 1Y line Constellation Energy versus the Utilities Select Sector SPDR Fund over the past year Constellation, which currently has a dividend yield of 0.8%, isn't your father's utility. So-called 24/7 carbon-free power involves purchasing electricity generation from the same region where a corporate client will use it.

Persons: it's, CEG, James Thalacker, It's, Daniel Eggers, Sophie Karp, BMO's, Joseph Dominguez, Steve Fleishman, Ross Fowler Organizations: Constellation Energy, NRG Energy, Utilities, SPDR Fund, BMO Capital, Atlantic City Electric, Baltimore Gas and Electric, Delmarva Power, Constellation, Microsoft, Wolfe Research, Republican, UBS Locations: Baltimore, Virginia

☆ How Trader Joe's Mini Tote Bags and Stanley Cups Became so Popular
▼ + stars: | 2024-03-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Trader Joe's mini tote bags are the new Stanley cups. Trader Joe's earlier this year released a limited-edition set of canvas bags that look like its normal-sized bags but are smaller. The Trader Joe's bags are cute, I guess? Ask someone who's not very online if they've heard about the Trader Joe's tote bags, and you'll probably get a "huh?" AdvertisementIf you got a coveted Trader Joe's mini tote bag, congratulations.

Persons: Stanley, Joe's, they're, Jesus, it's, Charles Lindsey, Lindsey, That's, Instagram, who's, they've, you'll, Valeria Penttinen, Bean, Jaehee Jung, TikTok, Jung, Emily Stewart Organizations: eBay, University of Buffalo, Trader, Northern Illinois University, Hydro, University of Delaware, Business

☆ Deleting social media and shopping apps from my smartphone has saved me thousands of dollars. I also sleep better at night.
▼ + stars: | 2024-03-10 | by ( Ashley Keenan | ) www.businessinsider.com time to read: +5 min

I have spent hundreds of hours and thousands of dollars from the comfort of my couch. At first, it was bliss; swiping from app to app, filling carts like I was browsing the aisles of the supermarket. I spent thousands of dollars each month on Amazon, Instacart, Wayfair, Etsy, Sephora, and other shopping apps. But instead of applying for jobs or pitching editors, I spent hours cycling through social media apps each day. My relationship with my smartphone has changed significantly since I removed the food and shopping apps.

Persons: — Organizations: Service, Business, Nokia

☆ The maker of the massively popular Stanley cups is facing multiple lawsuits over the use of lead in its products
▼ + stars: | 2024-02-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

The consumers said PMI withheld information that would have impacted their decisions to buy Stanley products in the first place. Stanley cups have become massively popular. Social media drew attention to lead in Stanley cupsConcern about lead in Stanley cups became widespread at the end of January when several TikTokers posted videos of themselves home-testing their water bottles for the substance. Although lead is dangerous to humans, public health experts have said that Stanley cups likely don't pose a threat. Despite the controversy around the traces of lead in its products and the recent lawsuits, Stanley cups remain popular.

Persons: Stanley, —, Mariana Franzetti, Robin Krohn, meritless, Franzetti, Matt Fowler KC, Plaintiff, Jack Caravanos, Stanley Quenchers, Brian van der, Krohn Organizations: Service, Pacific Market International, Business, PMI, Stanley, Clothing, Social, Washington Post, Hydro, Hydro Flask's Locations: Washington State

It was clear that the war could significantly damage the Kenyan economy, as the country is almost entirely dependent on imports for its conventional fuel supply. But the extent of the damage caused by Russia's invasion of Ukraine to Kenya's economy is now clearer than ever. Kalya Kiptiony, investment analystFuel is Kenya's economic lifebloodAfter the start of the war, the price of fuel in Kenya rose, on average, 7.6% every month. Although Kenya gets most of its oil from the Gulf, Russia's invasion of Ukraine led to a spike in fuel prices worldwide. In a report late last year, the UN described just how factors like drought, inflation, and fuel and food price rises are combining to undermine livelihoods in Kenya.

Persons: Lensa Omune, Kalya, Kalya Kiptiony Organizations: International Food Policy Research Institute, Central Bank, IMF, UN, Insider Studios, Foreign, Commonwealth & Development Office Locations: Russia, Ukraine, Kenya, Nairobi, East Africa, Africa, Europe

☆ China is not producing enough aluminum to meet its own demand, says Norsk Hydro CFO
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is not producing enough aluminum to meet its own demand, says Norsk Hydro CFOPål Kildemo, CFO of the Norwegian aluminum and renewable energy company, discusses its results and the global aluminum market.

Persons: Pål Kildemo Organizations: China, Norsk Hydro

A dead goose was found in part of the flight control system of a medical helicopter that crashed in western Oklahoma, killing all three people on board, according to a preliminary report by the National Transportation Safety Board. The report does not cite a suspected cause of the crash, but noted one goose was found in the helicopter's flight control system and others were found in the debris field. A report on the probable cause could take up to two years to complete, according to the NTSB. The helicopter crashed Jan. 20 in a pasture near Hydro, about 60 miles (97 kilometers) west of Oklahoma City, as it was returning to Weatherford after taking a patient to an Oklahoma City hospital. The pilot and both Air Evac Lifeteam crew members, a flight nurse and a paramedic, were killed.

Persons: Evac Lifeteam Organizations: National Transportation Safety Board, NTSB, Weatherford, Oklahoma City Locations: Oklahoma, Hydro, Oklahoma City

☆ Stanley Tumblers Contain Lead. Owala, Hydro Flask Pounce.
▼ + stars: | 2024-02-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Read previewThe news that Stanley's insulated stainless steel cups contain lead sparked a frenzy of concern on social media about the potential health risks for consumers. Stanley acknowledged in a statement that it uses "an industry standard pellet" that contains "some lead" to seal the vacuum insulation of its tumblers. We want to assure you that Hydro Flask does not use lead in our vacuum sealing process," HydroFlask said in a post on Threads earlier this week. Marketing experts told Business Insider this is a smart strategic move for companies seeking to differentiate themselves from Stanley and win over customers. And lead is still bad for manufacturing workers and the environment — it's just not a significant health risk for Stanley customers.

Persons: —, Stanley, hasn't, Jack Caravanos, HydroFlask, Anita Rao, Rao, Bruce Clark, They're, isn't, nibble Organizations: Service, Business, New York, Washington Post, Hydro, Georgetown University, Northeastern University, NBC Locations: New York University, Oregon

☆ A 16-year-old claims her parents have spent $3,000 buying her 67 different Stanley cups, as the giant mugs become the ultimate playground status symbol
▼ + stars: | 2024-01-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewA 16-year-old TikToker claims that her parents have spent around $3,000 buying her every Stanley cup on the market. This story is available exclusively to Business Insider subscribers. The Quenchers were the most-featured item in Gen Z Christmas-haul videos on TikTok, a youth consumer-trends analyst previously told Business Insider . A shopper passes empty shelves once stocked with Stanley tumblers at a Target store in Canoga Park, California on January 9, 2024. Do you collect Stanley cups?

Persons: —, Stanley, Amelia Awad, Stanley Quencher, I'm, Stanley tumblers, Brian van der, Awad Organizations: Service, Business, Wall Street Journal, Starbucks, Hydro, Los Angeles Times, Getty Locations: Birmingham , Alabama, Canoga Park , California

☆ Goldman Sachs says it's time to buy this unloved global sector — and names some top stocks
▼ + stars: | 2024-01-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Europe's utilities sector may have come under pressure over the past three years, but Goldman Sachs says a shift is underway, naming stocks to play the industry in 2024. But things are looking up for Europe's utilities sector, according to Goldman Sachs' analysts led by Alberto Gandolfi. Stock picks German energy company RWE is among the stocks highlighted by Goldman, which said it continues to value its renewables business. Goldman has a buy rating on the stock, which is also on its conviction list of top picks. The bank has a price target of 22 euros on the company, giving it just over 33% potential upside.

Persons: Goldman Sachs, Alberto Gandolfi, inflecting, Goldman, Solaria, — CNBC's Michael Bloom Organizations: Renewable Energy, U.S . Federal Reserve, Italian Hydro Locations: Ukraine, Spanish

☆ Stanley's viral cups are such a status symbol that kids are getting mocked at school for having off-brand dupes, one mom's viral TikTok says
▼ + stars: | 2024-01-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Stanley's "Quencher" insulated cups are a hot status symbol for kids and parents alike. One mom's viral TikTok even claims that her daughter was mocked at school for having a cheaper dupe. Dayna Motycka said in a TikTok video that she bought her daughter the $9.98 cup from Walmart for Christmas. Motycka, who herself owns a Stanley cup, said she went on to buy her daughter a $35 30-ounce white Stanley cup. "We have got to teach our kids to not make other kids feel inferior for not having the things that they have."

Persons: —, Gen Zs, Stanley, Stanley Valentine's, Casey Lewis, Dayna Motycka, Motycka, I've Organizations: Walmart, Service

"There cannot be any pressure on India to cut down emissions," India's power and renewable energy minister R.K. Singh said on Nov. 30. ASIAN EMISSIONS RISETo be sure, fast-growing Asia, home to half the world's population, accounts for three-fifths of global emissions from power generation, including from sectors exporting goods and services to the west. Despite challenges, Asia, along with Europe and North America, have cut the share of coal in power use, although at a slower pace. Cuts in nuclear power have slowed Europe and North America's fight to reduce emissions, although nuclear's share of their power mix remains well above Asia's. The share of gas in power generation has risen in the West, with the fuel accounting for a shrinking share in Asia.

Persons: Tingshu Wang, R.K, Singh, Hogeveen Rutter, Rutter, ISA's Rutter, Sudarshan Varadhan, Tony Munroe, Sonali Paul Organizations: Huawei, REUTERS, U.S, European Union, North America, International Solar Alliance, Reuters, WEST, North, Institute for Energy Economics, Thomson Locations: Shaanxi, China, Asia, SINGAPORE, America, Europe, India, North America, Paris, North, North America Asia, West Asia, West, Indonesia

☆ South Korean nuclear power plants are both safe and economically viable: KHNP
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korean nuclear power plants are both safe and economically viable: KHNPJooho Whang, president and CEO of state-run Korea Hydro & Nuclear Power, explains why nuclear power has to be the country's "backbone."

Persons: Whang Organizations: Korea Hydro & Nuclear

Chartbook: India electricity generationTotal electricity demand met increased by 24 billion kilowatt-hours (kWh) (+21%) in October compared with the same month a year earlier. Wind increased by 0.3 billion kWh (+10%) while solar was up 1.3 billion kWh (+16%). Instead the electricity system turned to gas (1.6 billion kWh, +103%) and especially coal (28 billion kWh, +33%) to meet demand. Coal-fired generators produced a seasonal record of 111 billion kWh in October 2023 up from 84 billion kWh in October 2022. Over the same period, coal generation capacity has increased by just 9 million kilowatts (1% per year) and gas-fired capacity has been essentially unchanged.

Persons: Adnan Abidi, John Kemp, Barbara Lewis Organizations: REUTERS, UN, Central Water Commission, Thomson, Reuters Locations: New Delhi, India, Dubai, Himalayas, Tibet, baseload

☆ Bhutan Votes in Preliminary Round of National Elections
▼ + stars: | 2023-11-29 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

By Gopal SharmaKATHMANDU (Reuters) - Bhutan began voting on Thursday in the preliminary round of national elections to choose two political parties that will contest the fourth free vote since democracy was established in the Himalayan kingdom 15 years ago. Nestled between China and India, Bhutan is known for its Gross National Happiness (GNH) index, an economic gauge that takes into account factors normally ignored by gross domestic product measures, like recreation and emotional well-being. Nearly half a million of the country’s fewer than 800,000 people are eligible to vote for the five political parties that are in the fray. The two parties that win the highest number of votes will qualify for the final round of the election to the 47-member National Assembly, set to take place on Jan. 9. Analysts say all five political parties have vowed to boost the $3 billion economy that is dependent on aid and tourism.

Persons: Gopal Sharma, “, ”, Karma, Stephen Coates Organizations: National Assembly, Bhutan, Analysts Locations: Gopal Sharma KATHMANDU, Bhutan, China, India, Punakha, Thimphu, Switzerland

But 18-24 months later, the acute phase of the adjustment is complete, with energy inventories comfortable and prices reverting towards long-term inflation-adjusted averages. Chartbook: Europe's energy supplies and pricesThere will undoubtedly be more shocks in future, but the disruption associated with the end of the pandemic and Russia’s invasion of Ukraine is over. Europe’s residual issue is that it has swapped relatively cheap Russian pipeline gas for relatively expensive LNG, putting its industrial competitiveness at risk, but that is a chronic problem rather than a crisis. OILIn the oil market, U.S. domestic crude and condensates production has continued to increase and surpassed its pre-pandemic peak in August 2023. Related columns:- China braces for record winter electricity demand (November 24, 2023)- Europe’s gas crisis is over, but not the painful adjustment (November 21, 2023)- Oil prices slump as fundamentals reassert themselves (November 9, 2023)- Europe's record gas stocks start to pressure prices (November 7, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Jan Harvey Organizations: U.S, Brent, Thomson, Reuters Locations: Europe, Asia, Ukraine, U.S, Saudi Arabia, Germany, Italy, France, Netherlands, Spain, Belgium, Poland, Northwest Europe, China, Russia, South, East Asia, Brazil

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