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☆ The biggest money managers are flocking to gold as inflation fears intensify
▼ + stars: | 2024-04-18 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Gold futures settled at a record high above $2,400 an ounce this week. The precious metal is coming off its third straight week of gains. Gold is often used as an inflation hedge because of its limited supply. @GC.1 YTD mountain Gold Professional speculators' net-long positions in gold futures and options hovered near the highest level since 2020 as of April 9, according to the Commodity Futures Trading Commission's latest data. The hedge fund star revealed that not only did he own the popular SPDR Gold Trust fund (GLD), but he also bought physical bars.

Persons: James Steel, David Neuhauser, Neuhauser, Greenlight Capital's David Einhorn, Einhorn Organizations: Citi, Investors, HSBC Securities, Gold, Commodity, Livermore Partners, CNBC, Trust, Deutsche Bank Locations: Northbrook , Illinois

☆ As China's navy grows, the US fleet is on a 'downward trajectory,' maritime expert says
▼ + stars: | 2024-04-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

"It's the end of the pacifist period on the seas," Dr Steven Wills of the Center for Maritime Strategy, told Business Insider. The US fleet is still widely considered the world's most powerful navy due to its 11 aircraft carriers and cutting-edge nuclear submarine capabilities. "They're scrapping more ships than they're building, which means the US Navy is on a downward trajectory, not an upward trajectory," said Dr Salvatore Mercogliano, a maritime historian at Campbell University. Another piece of the puzzle is shipbuilding capacity. Expanding American shipbuilding capacity ought to start now, Wills said: "You don't make the arsenal of democracy overnight."

Persons: —, Dr Steven Wills, Gerald R, Ford, Nikos Libertas, Wills, Doug Livermore, Arleigh Burke, Salvatore Mercogliano, Tang Ke, Livermore, Defense Mark Esper, David Sacks, Mercogliano, That's, Xi Jinping, HECTOR RETAMAL, Sacks, I'm Organizations: Service, Center for Maritime Strategy, Business, Navy, US Navy, Campbell University, Naval, People's Liberation Army Navy, Defense, of Naval Intelligence, Council, Foreign Relations, Corpus Christi, Pearl, Naval Shipyard . US Navy, Pacific, of Foreign Relations, CSIS, US, South China, Australia Locations: China, Russia, Ukraine, Virginia, Yantai Port, Asia, America, Japan, South Korea, Los Angeles, Corpus, Taiwan, Beijing, Pingtan, China's, Pacific, Philippines, South

☆ Nuclear fusion experiment sets record for time at 100 million degrees Celsius
▼ + stars: | 2024-04-01 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

Often referred to as the holy grail of climate solutions clean energy, fusion has the potential to provide limitless energy without planet-warming carbon pollution. KSTAR’s work “will be of great help to secure the predicted performance in ITER operation in time and to advance the commercialization of fusion energy,” Si-Woo Yoon said. This announcement adds to a number of other nuclear fusion breakthroughs. But commercializing nuclear fusion still remains a long way off as scientists work to solve fiendish engineering and scientific difficulties. Nuclear fusion “is not ready yet and therefore it can’t help us with the climate crisis now,” said Aneeqa Khan, research fellow in nuclear fusion at the University of Manchester in the UK.

Persons: Woo Yoon, ”, Aneeqa Khan, Angela Dewan Organizations: CNN — Scientists, KSTAR Research, Korean Institute of Fusion Energy, CNN, International, Reactor, Lawrence Livermore, Oxford, University of Manchester Locations: South Korea, France, United States

Fast food was her full-time job until last year. “Because I would not have been looking for so many other jobs in different places.”The law was supported by the trade association representing fast food franchise owners. For many fast food restaurants, this means the jump to $20 per hour will be smaller. At first, it appeared the bread exemption applied to Panera Bread restaurants. Also, Flynn has announced he would pay his workers at least $20 per hour.

Persons: Ingrid Vilorio, ” Vilorio, Alex Johnson, Anne's Pretzels, Johnson, “, ” Johnson, ”, Michael Reich, ” Reich, Reich, Greg Flynn, Newsom, Flynn, ___ Organizations: San Francisco Bay Area, University of California, Bloomberg News Locations: LIVERMORE, Calif, California, United States, San Francisco Bay, Berkeley, Sacramento , California

☆ CNBC Daily Open: A key inflation gauge in focus
▼ + stars: | 2024-03-28 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Yellen on China dumpingU.S. Treasury Secretary Janet Yellen warned that China is dumping its surplus of solar panels and EVs on global markets, distorting market prices. This signals Beijing's latest efforts to boost foreign investment in China as relations with the U.S remain fraught. Investors anxious over a market decline should hedge their positions to limit risk in financial assets, according to fund managers.

Persons: Janet Yellen, Yellen, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Francis Scott Key, David Neuhauser Organizations: CNBC, Dow, Treasury, U.S, Blackstone, Qualcomm, Bloomberg, Francis Scott Key Bridge, Livermore Partners Locations: Yellen, China, U.S, Baltimore, Port of Baltimore

☆ Is it time for investors to hedge for a market decline? The pros share their views and strategies
▼ + stars: | 2024-03-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Last week, Goldman Sachs told clients they should start hedging for a market decline . Here's how Goldman suggests investors worried about a declining market can hedge their positions. Others also believe that it's time to start hedging — or at least take a more conservative stance. 'Shift into more value names' Top hedge fund manager David Neuhauser says it would depend on where investors are positioned right now. But he isn't a fan of hedging strategies like options, saying "over time you just end up with lower returns."

Persons: Goldman Sachs, Goldman, David Neuhauser, that's, Russell, Neuhauser, Brian Arcese, he's, Arcese, It's, Freddie Lait, Lait Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Livermore Partners, London, Nvidia, Foord Asset Management, CNBC, Latitude Investment Locations: Europe, U.S

☆ CNBC Daily Open: Focus turns to key inflation data
▼ + stars: | 2024-03-28 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Photographer: Christopher Dilts/Bloomberg via Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Xi on China tech progressChinese President Xi Jinping told Dutch Prime Minister Mark Rutte that no force can stop China's tech advance. Separately, Xi also told U.S. executives that bilateral ties can have a "brighter future" and vowed to improve the business environment. The next few days could prove crucial in diverting trade away from the port, logistics executives told CNBC, after a container ship collided into the Francis Scott Key Bridge early Tuesday.

Persons: Christopher Dilts, Topix, Xi, Xi Jinping, Mark Rutte, Janet Yellen, Yellen, Francis Scott Key, David Neuhauser Organizations: Bloomberg, Getty, CNBC, Nikkei, U.S ., CSI, Dow, Nasdaq, Dutch, Xinhua News Agency, U.S, Treasury, Francis Scott Key Bridge, Livermore Partners Locations: Chicago , Illinois, Japan, Seng, China, Beijing, U.S, Baltimore, Port of Baltimore

☆ Want to play red hot gold prices? Buy these 3 stocks, says top hedge fund manager
▼ + stars: | 2024-03-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Analysts are expecting gold prices to have even more upside from here . There is a common belief that gold prices tend to rise when interest rates fall, with bonds becoming less attractive as they no longer deliver attractive yields. Stock picks Want to play the gold theme via gold miners? Even in this environment, not all gold stocks are equal – with some big miners underperforming despite the record gold price, according to Neuhauser. A third stock he named is Canada-listed Wesdome Gold Mines , which he says fits his overall criteria for gold miners.

Persons: David Neuhauser, Neuhauser, there's, Joe Biden's, Newmont, they'll Organizations: U.S . Federal Reserve, CNBC Pro, Fed, Livermore Partners, U.S, U.S ., Stock, Barrick Gold, Mining, Mines Locations: Ukraine, Gaza, U.S, Canada, OECD

☆ We're in a 'boomer renaissance,' top hedge fund manager says — naming sectors and stocks to play it
▼ + stars: | 2024-03-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Top hedge fund manager David Neuhauser says the world is in a "boomer renaissance" and investors should be betting big on certain sectors that play the theme. "They are the one demographic which owns the most assets (homes, stocks, bonds, etc) with low fixed rate mortgages," Neuhauser said. He told CNBC Pro, "I think the world is in this boomer renaissance now and there are some stocks that are seeing great moves." He added that the stocks "are not mega tech which shows you other areas tied to the wealth [effect] are helping broadening out gains." Below are the stocks he named and the buy ratings and average upside given by analysts covering them, according to FactSet.

Persons: David Neuhauser, Neuhauser, CNBC's Organizations: Livermore Partners, Big Pharma, CNBC

☆ The American Dream is under siege
▼ + stars: | 2024-03-02 | by ( Matt Egan | ) edition.cnn.com time to read: +15 min

Parents of young children are making difficult choices to afford child care — or they’re opting to evade it by dropping out of the workforce altogether. Even as the inflation rate has cooled across the US economy, child care remains a sore spot for many families. The weekly price of day care for a toddler surged 9% in 2023, according to Care.com, a marketplace for child care. Of course, Allison is hardly alone in feeling like the American Dream has been more difficult — and expensive — to attain than imagined. “The American dream is being taken away from the younger generation by the housing affordability challenges,” said Lawrence Yun, chief economist at the National Association of Realtors.

Persons: Hana Husković, Price, Hana, Michelle, they'll, ” Hana, “, It’s, they’ll, ’ Allison Powell, Liam Kelly, ” Allison, Allison Powell, Corinne ., ”, Allison, I’ll, homebuyers, Lotfi Karoui, Goldman Sachs, Lawrence Yun, Yun, Priscilla Almodovar, Fannie Mae, ” Almodovar, that’s, Almodovar, they’d, Homebuilding, Mark Zandi, Biden, ” Lael Brainard, Brainard, ” Brainard, ‘, Rachael Gambino, Garrett Mazzeo, Rachael, Deborah Brunswick, John General, ” Rachael, won’t, they’ve, – Organizations: New, New York CNN, Bureau of Labor Statistics, Wall, CNN, Federal, Intercontinental Exchange, ICE, Bloomberg, Getty, Rust Belt, National Association of Realtors, North, NAR, That’s, Baby Boomers, Homeowners, Federal Reserve, Moody’s Analytics, White, National Economic Council, American, Target, Starbucks, Facebook Locations: New York, United States, Atlanta, Peachtree Corners , Georgia, Decatur, Decatur , Georgia, Carolina, Yugoslavia, Italy, Mexico, Oakland , California, Livermore, San Francisco, California, Los Angeles, San Diego, Francisco, Miami, Honolulu, Rust, Des Moines , Iowa, Dayton , Ohio, Cleveland , Ohio, Scranton , Pennsylvania, Los Angeles , California, North America, America, States, Lansdale , Pennsylvania, Philadelphia

☆ 'Boomer nation' is in charge, hedge fund manager shares what sectors to focus on
▼ + stars: | 2024-02-28 | 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 Email'Boomer nation' is in charge, hedge fund manager shares what sectors to focus onDavid Neuhauser of Livermore Partners says that we are in a "boomer renaissance" and expects tourism, healthcare and biotechnology stocks to benefit.

Persons: David Neuhauser Organizations: Livermore Partners

☆ Trader Joe's stores in California are being targeted by thieves who swipe customers' wallets from their carts as they shop, police say
▼ + stars: | 2024-02-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Thieves in California's East Bay are swiping wallets from shopping carts – especially at Trader Joe's, police say. "Wallets were taken from unattended shopping carts or open purses while victims were shopping," a Tri-Valley PD said. AdvertisementA new crime trend is hitting Trader Joe's stores in a city in California: Thieves are taking customers' wallets from their carts as they shop. "Recently there have been wallet thefts that have occurred at other Trader Joe stores in the Tri-Valley. In these crimes, wallets were taken from unattended shopping carts or open purses while victims were shopping in the store."

Persons: they've, —, Joe Organizations: Oakland, Service, Police, Livermore Police, Facebook, Business Locations: East, San Francisco, California, Livermore, San Jose, Tri

☆ Boomers are not moving out of their big homes. Here’s why
▼ + stars: | 2024-01-29 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

Many Boomers whose homes have surged in value now face massive capital gains tax bills when they sell. Plus, smaller homes or apartments in the neighborhoods they’ve come to love are rare. Taxes on capital gains drain profits from a saleFederal and possibly state capital gains taxes can be significant for long-time homeowners who have seen their property values soar over several decades. They paid the capital gains and moved because their home was isolated and they wanted to be closer to conveniences, health care and other people as they aged. Few smaller homes in areas they’ve long livedMany neighborhoods where older homeowners have long lived are zoned for single-family homes and have few smaller homes or multi-family properties like condos or rental buildings.

Persons: Baby Boomers Marta, Octavian Dragos, ”, Dragos, ” Dragos, —, they’ve, “, Peter Poulsen, Poulsen, Jimmy Panetta Organizations: DC CNN, Savings Locations: Washington, El Cerrito , California, California, Livermore , California

☆ 'Somebody has it wrong' on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
▼ + stars: | 2023-12-11 | by ( Katrina Bishop | ) www.cnbc.com time to read: +3 min

Markets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser. Except I think that [the] forward path — are we going to see things start to fall off a cliff? Or are we going to, sort of, glide path down and corporate earnings are going to be sheltered from the storm?" "That's the thing, I think, people don't have a really good understanding of today, but they're believing that that's going to happen — that's the narrative." "When you look at the oil … and you look at the gold market, that's telling you recession is in the front," he said.

Persons: David Neuhauser, Nonfarm payrolls, Neuhauser, Brent, I'm Organizations: Livermore Partners, CNBC, Treasury, CNBC PRO Locations: U.S, China

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.

Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California

☆ How a 1976 kidnapping transformed our understanding of childhood trauma
▼ + stars: | 2023-12-02 | by ( Giri Viswanathan | ) edition.cnn.com time to read: +11 min

The kidnappers planned to ransom the Chowchilla kids, all between the ages of 5 and 14 years old, for $5 million. After all, the field of child trauma psychiatry was still in its infancy. One mental health professional predicted that that only one of the 26 would be emotionally affected by the kidnappings. Much like with adults, Terr described how the consequences of kids’ trauma could linger, with implications reaching far into adulthood. After the school shootings in Columbine and Sandy Hook, for instance, mental health counselors were on the front lines to help survivors.

Persons: pantyhose —, Ed Ray, Ray, they’d, James Palmer, “, ”, Spencer, Lenore Terr, ” Terr, Terr, hadn’t, she’d, Jennifer Brown Hyde, ’ ” Jennifer Brown, Jeffrey, Larry Park, Mike Marshall, Marshall, ” Marshall, doesn’t, he’s, he’d, it’s, Hyde, “ We’ve, Elissa Benedek, Benedek, who’ve, Dr, Sanjay Gupta, Sandy Hook Organizations: CNN, Police, Spencer Eth, Miami VA Healthcare, CNN Films, AP, ” Eth, American Psychiatric Association, Get CNN, CNN Health Locations: Chowchilla , California, San Joaquin Valley, urine, Los Angeles, Chowchilla, Livermore , California, San Francisco, Midwest, Columbine

☆ ‘Chowchilla’ details how 26 kids were buried alive in California – and how they escaped
▼ + stars: | 2023-12-02 | by ( Holly Yan | ) edition.cnn.com time to read: +15 min

CNN —In 1976, gunmen stormed a school bus carrying 26 children – ages 5 to 14 – and their bus driver in Chowchilla, California. The Dairyland Union School District bus carrying 26 children and their bus driver was found empty and abandoned in July 1976. The kidnappers ordered the children and their bus driver into a moving van hidden underground. Bus driver Edward Ray speaks to reporters in 1976. “Chowchilla children are heroes,” she said in the CNN Film.

Persons: ”, “, didn’t, – pantyhose, –, Larry Park, Jodi Heffington, Jennifer Brown Hyde, van, ” Lynda Carrejo Labendeira, Edward Ray, ” Brown Hyde, Michael Marshall, Marshall, Hostages, Jim Palmer, AP Ray, ‘, ’, Mike Marshall, CNN “, LeRoy, Tatum, ’ ” Marshall, Ray, Ed Ray, ” Chowchilla, Ed Ray Day ”, Skip Shuman, Edward, Mike, Marshall “, Lenore C, ” ‘, ” Andrea, CNN Films ’ “, Park’s, “ Andrea, abductors, Frederick Newhall Woods, James Schoenfeld, Richard Schoenfeld, James, Fred Woods, Joe Rosenthal, who’d, Terr, Andrea, ‘ I’ve, Jodi Heffington Medrano, Heffington Medrano, Matthew Medrano, I’ve, William Newsom, California’s, Newsom, ” Carrejo Labendeira, “ Jodi, Carrejo Labendeira, “ ‘ Lynda, it’s, ’ ”, Heffington, couldn’t, Dominique Banos, “ Mr, Woods, Banos, ” Marshall Organizations: CNN, Dairyland, Dairyland Union School District, UPI, Workers, Fresno Bee, Tribune, Service, AP, Bus, Sacramento Bee, Marshall, CNN Films, California Gold Rush, San Francisco Chronicle, Larry Park CNN, James Schoenfeld California Department of Corrections, Mike Marshall CNN, ” Locations: Chowchilla , California, Livermore, Chowchilla, “ Chowchilla, Sacramento, Woods

☆ Start-Ups With Laser Beams: The Companies Trying to Ignite Fusion Energy
▼ + stars: | 2023-11-13 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +1 min

In December last year, after years of trying, the National Ignition Facility, or NIF, at Lawrence Livermore National Laboratory reported that it had finally lived up to its middle name: ignition. For the first time anywhere, a laser-induced burst of fusion produced more energy than that supplied by the incoming lasers. “We’re really excited by the NIF results,” said Kramer Akli, who manages the fusion energy sciences program at the United States Department of Energy. A decade ago, a report by the National Academy of Sciences found much to like in the energy potential of laser fusion but recommended that the United States hold off major investments until ignition was achieved. The sun generates heat and light by jamming — fusing — hydrogen atoms together into helium.

Persons: We’re, ”, Kramer Akli, arth, ould Organizations: National Ignition Facility, Lawrence Livermore National Laboratory, United States Department of Energy, National Academy of Sciences Locations: United States

☆ Stagflation and a possible world war: Here's how to trade it, according to one hedge fund manager
▼ + stars: | 2023-11-01 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Livermore Partners is a long/short special situations hedge fund with a focus on energy, financials and industrials. The hedge fund manager named French fashion house Louis Vuitton and Italian sports car manufacturer Ferrari as the "best and brightest of the market." Although high rates mean banks earn more interest from borrowers, they can also mean higher loan losses as customers struggle with the economic environment. The U.S. Federal Reserve put a pause on hikes in September, after raising rates to a 22-year high. "Banks I think are just still going to be in for a world of hurt on a go-forward basis," the hedge fund manager said.

Persons: David Neuhauser, Neuhauser, CNBC's, Brent, Louis Vuitton, Aston, Banks Organizations: Livermore Partners, Hamas, Ferrari, Aston Martin, Burberry, U.S . Federal Reserve Locations: Israel, British

☆ Why we don't have fusion power plants yet, and what it'll take to get clean, limitless energy to market
▼ + stars: | 2023-10-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +9 min

Two experts explain how long it could take until fusion power plants are possible. Fusion plants could theoretically produce almost 4 million times as much energy as burning coal or oil — with none of the carbon emissions. It's what Andrew Christlieb, who is part of a US Department of Energy fusion project at Michigan State University, calls "step zero." The US Department of Energy's Fusion Energy Sciences program has a $763 million budget for 2023, which could grow to over $1 billion next year. Achieving commercial fusion power in two decades won't be quick enough to address many countries' goals of adapting clean energy and limiting global warming by 2035.

Persons: It's, Andrew Christlieb, Christlieb, Michael Livingston, PPPL, Jean, Paul Pelissier, it's, Jason Laurea, Lawrence, Jonathan Menard, Menard, Bill Gates, Sam Altman Organizations: Service, Ignition, NIF, US Department of Energy, Michigan State University, Royal Society, Reactor, REUTERS, European Union, Lawrence Livermore National Laboratory, Princeton Plasma Physics, US Department of Energy's Fusion Energy Sciences, Fusion Industry Association, Tech Locations: PPPL, Saint, Durance , Southern France, US, China, Russia, Lawrence Livermore, Princeton

☆ Global bond rout looks 'tremendously dangerous' for stocks, hedge fund manager warns
▼ + stars: | 2023-10-27 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

An intensifying bond rout is piling pressure on the global economy and creating a "tremendously dangerous" outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. Bond yields move inversely to prices. That, in turn, has pushed bond yields higher and sapped money from government budgets by raising borrowing costs. In Germany, Europe's largest economy, yields have hit their highest level since the 2011 euro zone debt crisis. "I think that is going to cause a lot of pain moving forward in terms of the economy," Neuhauser said.

Persons: David Neuhauser, Neuhauser, Bond, Kevin Zhao, Scott Heins Organizations: Livermore Partners, CNBC, U.S . Treasury, UBS Asset, New York Stock Exchange, Dow Jones Industrial, Getty Locations: Germany, Europe's, Japan, NY, New York City

☆ Bond rout 'tremendously dangerous' for equities, CIO says
▼ + stars: | 2023-10-27 | 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 EmailBond rout 'tremendously dangerous' for equities, CIO saysDavid Neuhauser, CIO at Livermore Partners, discusses risks to the U.S. economy and the threat to equities from bond yields.

Persons: David Neuhauser Organizations: Livermore Partners Locations: U.S

☆ 'Cheap' and 'compelling': Pros name the oil stocks to buy — giving one over 120% upside
▼ + stars: | 2023-10-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Oil prices jumped 4% on Monday during Asia hours , in the wake of the attack. Young said names in international and offshore oilfield services should pick up as oil prices rebound. "It just executed a large set of acquisitions and is well positioned for higher oil prices and more interest in the sector." Generally, Young said oil and gas stocks are "particularly compelling." Neuhauser said small-cap energy stocks that have leveraged to increased oil prices are the ones to own right now.

Persons: Josh Young, Young, Saturday . Young, Antony Blinken, Biden, CNBC's, David Neuhauser, Stocks, Neuhauser, Scott Nations Organizations: Bison, Hamas, Saturday ., United Nations, Reuters, U.S . Energy Information Administration, Livermore Partners, CNBC Pro, Nasdaq, Weatherford, Vital Energy, Exxon, Global Energy, Vista Energy, Jadestone, Brent, Scott, Chevron, ConocoPhillips Locations: Israel, Asia, Iran, U.S, Tehran, Strait, Hormuz

The hope is to answer many pivotal questions about whether the nation's aging nuclear weapons still work as designed. Political Cartoons View All 1202 ImagesDuring the Cold War, those questions were answered by actually setting off nuclear explosions. The experimental machine the length of a football field eventually will sit 1,000 feet (304 meters) below the ground at the Nevada National Security Site. Custer said above-ground facilities have tested explosive behaviors of other materials but the Scorpius experiments will use real plutonium, which is unique. Assembly testing is planned through most of 2025 before the Nevada site will move the injector underground.

Persons: haven't, Jon Custer, Custer, ” Custer, ”, “, Lawrence, Josh Leckbee, Dave Funk Organizations: —, Energy Department, Sandia, Sandia National Laboratories, , Energy Department, Nevada National Security, Los Alamos National Lab, Lawrence Livermore National Lab Locations: RENO, Nev, Albuquerque , New Mexico, New Mexico, Nevada, California, Las Vegas

☆ The US is planning its first fusion plant, and it could generate pollution-free power by 2035
▼ + stars: | 2023-09-25 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Nuclear fusion is a breakthrough technology that could help the US achieve pollution-free power. Calling nuclear fusion a pioneering technology, Granholm said President Joe Biden wants to harness fusion as a carbon-free energy source that can power homes and businesses. A successful nuclear fusion was first achieved by researchers at the Lawrence Livermore National Laboratory in California last December in a major breakthrough after decades of work. Nuclear energy is an essential component of the Biden administration's goal of achieving a carbon pollution-free power sector by 2035 and net zero emissions economy by 2050. "We want to see everybody moving forward as quickly as possible (on the clean energy transition), including ourselves," she said.

Persons: it's, —, Biden, Jennifer Granholm, Granholm, Joe Biden, It's, Dennis Whyte, Rishi Sunak, Sunak Organizations: Service, US, Associated Press, Lawrence Livermore National Laboratory, Control, Plasma Science, Fusion Center, Massachusetts Institute of Technology, Energy, UK Locations: VIENNA, Vienna, California, France, Washington

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