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☆ Cuba warns of worsening blackouts as fuel crisis bites
▼ + stars: | 2023-09-28 | by ( Marc Frank | ) www.reuters.com time to read: +3 min

HAVANA, Sept 28 (Reuters) - Power blackouts in Cuba are expected to increase significantly due to a lack of fuel, officials warned in a nationwide TV broadcast, worsening the country's plight as it deals with food and medicine shortages. The Communist-run island has been mired in crisis and plagued by blackouts and shortages of food, medicine and fuel since the pandemic. Cuba says U.S. sanctions are largely to blame for the crisis, depriving the country of foreign exchange to import most of its fuel, food and other supplies. Cuba has also seen regular crude and fuel imports from Russia and Mexico, according to shipping data. "Cuba has bought more crude and fuel this year, compared with last year.

Persons: Vicente de la O Levy, Jorge Pinon, Pinon, Fidel Castro’s, Marc Frank, Nelson Acosta, Marianna Parraga, Rami Ayyub Organizations: Energy, Mining, Communist, Gross, Communist Party, University of Texas, Thomson Locations: HAVANA, Cuba, Havana, Washington, Venezuela, Russia, Mexico, Austin ., United States

A coffee machine featuring Novo Nordisk logo is seen at the company headquarters in Copenhagen, Denmark, February 5, 2020. REUTERS/Jacob Gronholt-Pedersen/File Photo Acquire Licensing RightsLONDON, Sept 1 (Reuters) - Danish drugmaker Novo Nordisk briefly unseated LVMH (LVMH.PA) as Europe's most valuable listed company in intraday trading on Friday, ending the French luxury group's 2-1/2 year-long reign at the top. At 0843 GMT, Novo Nordisk (NOVOb.CO) had a market capitalisation of $421 billion including unlisted stock, according to Refinitiv data and company disclosures of its share count. By 1031 GMT, Novo Nordisk shares were up 1% while LVMH shares were down 0.4%. LVMH shares have fallen 13.8% from an all-time high hit in April, underperforming Europe's broader STOXX 600 which is down around 1.9% in the same time frame.

Persons: Jacob Gronholt, Pedersen, LVMH, Ozempic, Wegovy, Novo's, Louis Vuitton, Marcel Stotzel, Stotzel, Eli Lilly, Axelle Pinon, Mounjaro, Novo, Carmignac's Pinon, Hennessy, Tiffany, Fiona Cincotta, Hermes, Samuel Indyk, Amanda Cooper, Catherine Evans Organizations: Novo Nordisk, REUTERS, Nestle, Dior, Fidelity European Fund, Fidelity European Trust, Barclays, Index, Financiere, Thomson Locations: Copenhagen, Denmark, Danish, LVMH, United States, China, Covid

☆ A Texas town is trying to solve the US physician shortage with 'homegrown' clinicians — a possible answer to the primary-care drought plaguing 100 million Americans
▼ + stars: | 2023-07-19 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +11 min

El Paso is among the 95% of Texas counties that have some shortage of primary-care physicians. The hope is they will stay and practice medicine in El Paso after medical school and residency. El Paso County, which includes the city of the same name, is among the 95% of Texas counties that have a shortage of primary-care physicians. The idea, he added, is that those participants will have a higher likelihood of staying after medical school and residency. Makena Piñon is one of five El Paso high school seniors accepted into MedFuture's first cohort.

Persons: Piñon, They're, Atul Grover, —, Grover, we've, hasn't, Dr, Richard Lange, Paul L, Lange, Makena, TTUHSC, Cynthia Perry Organizations: Healthcare, Morning, El Paso, National Center for Education Statistics —, Association of American Medical Colleges, Research, Action Institute, Office, University of Texas, Texas Tech University Health Sciences Center El, El, Foster School of Medicine, Association of American Medical, Texas Higher Locations: El Paso, Texas, El, Houston, El Paso County, —, Texas Tech University Health Sciences Center El Paso, TTUHSC El Paso, , Texas, Mississippi, Louisiana

☆ Cuba: A Russian navy ship docks in Havana as tough times bring the old friends together
▼ + stars: | 2023-07-13 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +5 min

Havana, Cuba CNN —As a series of welcoming cannon blasts rang out from a nearby colonial fort, the Russian navy’s training class ship Perekop sailed into Havana on Tuesday. “We are condemning, we are rejecting, the expansion of NATO towards Russia’s borders,” Cuban President Miguel Diaz-Canel told Russian-controlled network, RT, in a rare interview in May. He also blasted US economic sanctions on Russia, while heralding Russian “projects of cooperation and collaboration” under development in Cuba. But following the collapse of the Soviet Union, Cuba lost its main trading partner and entered a deep economic depression. Despite the high cost of the war in Ukraine and economic sanctions, Russian officials say they are committed to Cuba.

Persons: Perekop, “, Miguel Diaz, Canel, Patrick Oppmann, Jorge R, –, Russia –, Yamil Lage, Barack Obama, Donald Trump, Joe Biden, Biden, ”, Ric Herrero, ” Herrero, “ There’s, ” Benjamin Ziff, Chargé d’Affaires, Sergey Shoigu, Alvaro Lopez Miera, ” Shoigu Organizations: Cuba CNN, Prensa Latina, Cuban, Soviet, NATO, CNN, University of Texas, Austin Energy Institute, Russian, Getty, Trump, Cuba Study, US Naval, Russian Defense Locations: Havana, Cuba, Russian, Soviet Union, Ukraine, Cuban, Moscow, Russia’s, Russia, USSR, AFP, Trump, Spanish, Guantánamo, East, West, “ Cuba

☆ New Mexico trail clash echoes culture war across US West
▼ + stars: | 2023-07-07 | by ( Andrew Hay | ) www.reuters.com time to read: +5 min

REUTERS/Andrew HayTALPA, N.M., July 7 (Reuters) - Physiotherapist Spencer Bushnell lives less than a mile from farmer Carlos Arguello in Taos, New Mexico. But they are worlds apart on proposals to lace the foothills they love with up to 71 miles of mountain bike and hiking trails. That put the neighbors on the frontline of a culture war raging across the West as multi-generational families, conservationists and sometimes conservatives fight trail systems sought by incomers and recreationist locals. Two bike trail projects have been nixed in as many months on public land in Oregon and Colorado. Across the United States, Americans are moving to places with trees and trails, many working remotely.

Persons: Spencer Bushnell, Andrew Hay TALPA, Carlos Arguello, Arguello, Bushnell, Carl Colonius, Darryl Maestas, Hispanos, Emily Matheu, Michael Lujan, Andrew Hay, Donna Bryson, Alistair Bell Organizations: . Forest Service, REUTERS, Division, U.S ., USFS, mamas, Thomson Locations: Taos , New Mexico, U.S, Oregon, Colorado, The Taos, Taos, Bend , Oregon, United States, South Korea, Afghanistan, Oakland , California, California

☆ My final, unexpected conversation with Cormac McCarthy
▼ + stars: | 2023-06-18 | by ( David Kushner | ) www.businessinsider.com time to read: +9 min

My last conversation with Cormac McCarthy, the acclaimed and elusive novelist who died last week at 89, came as unexpectedly as the first. "I thought you said Cormac McCarthy edited your book on theoretical physics?" "I got the manuscript back in the mail, and it was marked up on every page," Randall told me. By the time I interviewed Randall, Cormac was spending his days at the Santa Fe Institute, a theoretical-research institute in the piñon foothills of New Mexico. "Don't do this to yourself," McCarthy told the guy, before shutting the door in his face.

Persons: Cormac McCarthy, McCarthy, —, Belying, Cormac, Lisa Randall, Randall, Gil, Jon, MacArthur, Murray Gell, Mann, it's, Einstein, they're, Doug Erwin, David Krakauer, David, Stella Maris, I'd, He'd, David Kushner Organizations: Wired, Stone, Harvard, drifters, Santa Fe Institute, Atari Locations: backwoods Florida, piñon, New Mexico, Texas, Tennessee, El Paso, Rolling Stone, SFI

☆ Lab-grown breast milk startup Biomilq aims to change infant nutrition — if it can release a product
▼ + stars: | 2023-05-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +11 min

Biomilq, the company behind the breakthrough, had been working for nearly a decade to replicate the process of making human milk — but outside of the body. While the crisis has highlighted the importance of a resilient formula supply, human milk experts, milk bank advocates and Biomilq all stress the same message: Breast milk is best. The startup will likely take a "gradual approach" to introducing its science via "an early-life nutrition product in partnership with one of these bigger companies," Strickland explained. Breast milk is woefully understudied — to the point that it's difficult "to even say what human milk is from a nutritional standpoint," Perrin explained. The company is researching which aspects of human milk its system is best suited to produce.

☆ This company could take lab-grown meat mainstream thanks to a green light from the FDA
▼ + stars: | 2023-05-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +14 min

Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.

☆ Peloton will offer safety guard for recalled Tread+ treadmill
▼ + stars: | 2023-05-18 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Peloton said Thursday that it would release a rear safety guard for its Tread+ treadmill, working with the U.S. Consumer Product Safety Commission. The Tread+ treadmill has been at the heart of safety concerns surrounding Peloton in recent years. Sales for the treadmill have been halted since a young child died under a Tread+ treadmill in 2021. The safety guard will be offered free of charge to people who own a Tread+ treadmill, the company said in a release.

☆ Peloton shares plunge after CPSC recalls more than 2 million bikes
▼ + stars: | 2023-05-11 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Peloton shares tumbled Thursday after the U.S. Consumer Product Safety Commission said it is recalling 2.2 million of the company's bikes over injury and fall concerns. The seat post on Model Number PL01 bikes can detach and break unexpectedly during use, according to Peloton and the CPSC. There were 12 reported injuries, including one wrist fracture, related to the part defect, according to an internal Peloton memo. "For Peloton, it was important to proactively engage the CPSC to address this issue and to work swiftly and cooperatively to identify a remedy." The news comes a week after the company reported a wider-than-expected loss for its fiscal third quarter.

☆ Jim Cramer explains how to tell a red flag from a buying opportunity when a stock falls
▼ + stars: | 2023-05-10 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Whether a huge decline in a stock is a buying opportunity or a major red flag largely depends on the industry right now, Jim Cramer said Wednesday. That was the case for Skyworks Solutions and PayPal , which both saw shares tumble on the back of disappointing earnings reports. In theory, PayPal should've been the buying opportunity of the two, Cramer said. Consider it a [possible buying opportunity,]" Cramer said. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market.

☆ Why betting on Home Depot could be a win right now, according to Jim Cramer
▼ + stars: | 2023-05-09 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Buying Home Depot shares could be a win right now, given recent reports suggesting professional contractors are faring better than expected, Jim Cramer said Tuesday. In recent conference calls from Stanley Black & Decker and paint company PPG , the CEOs said professional contractors currently have surprisingly strong backlogs, despite a cooldown on the consumer front. Cramer used the information as a prime example of how to pick high-quality stocks: Anyone eyeing Home Depot and Lowe's right now would be wise to go with the former, since Lowe's is more consumer-oriented, he said. "If you want to bet on contractors who do home refurbishment and home construction, you've got to be betting on Home Depot," Cramer said. Home Depot reports quarterly results on May 16, and how the market moves between now and then could provide an opportunity.

☆ ThredUp to list on alternative stock exchange: 'We're here to make a difference,' CEO says
▼ + stars: | 2023-05-09 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

ThredUp , the clothing-consignment company, announced Tuesday that it's dual listing its stock on the Long Term Stock Exchange, or LTSE, a national securities exchange designed to promote sustainable principles and a long-term focus among investors and businesses. Reinhart says he first read about the market a few years ago and started talks to list on the exchange over the past two years. The new stock exchange wants to "reverse the epidemic of short-term thinking," Ries told CNBC. There are more than a dozen stock exchanges in the U.S., but the majority of all trading occurs on the New York Stock Exchange and the Nasdaq Stock Market, making it difficult for alternatives to gain traction. One other company, the communication platform Twilio , did list on LTSE but it delisted in 2022, citing cost concerns.

☆ Hardcore wrestling fans are torn over the WWE-UFC merger – but they love the drama
▼ + stars: | 2023-05-06 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

For wrestling fans, though, the story's not about those numbers. And wrestling fans aren't afraid to share their opinions. Some are worried that a return to a pay-per-view model for WWE's flagship event, WrestleMania, is on the horizon. The WWE's exclusive streaming deal with Peacock, which includes WrestleMania streaming rights, is set to expire in 2026. In late March, before the UFC deal was announced, WWE CEO Nick Khan said the company keeps fans' price sensitivity in mind.

☆ How Jim Cramer's 'own it; don't trade it' stance on Apple paid off in a hectic market week
▼ + stars: | 2023-05-05 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Jim Cramer has held the same "own it; don't trade it" trading philosophy on Apple for some time now and this week showed that patience in action, he said Friday. Cramer has been banging the drum about four main hurdles in the market right now: Wednesday's Fed meeting, Friday's jobs report, the debt ceiling and Apple earnings. This week, Cramer's patience worked with Apple, he said. The company posted top- and bottom-line beats for the fiscal second quarter, thanks to stronger-than-expected iPhone sales. "I refuse to be shaken out of the world's best company by one errant component supplier, or a couple of joker-brokers, who say, 'Hey, things have gotten weaker,'" Cramer said.

☆ Jim Cramer lays out how to play the impending debt ceiling crisis
▼ + stars: | 2023-05-04 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Turmoil in bank stocks may feel like a looming "train wreck" for Wall Street, but as long as the debt ceiling crisis is resolved it won't destroy the market, Jim Cramer said Thursday. "If we do rally short-term, I recommend taking some profits and then steeling yourself for the debt ceiling fiasco, and then you can buy more." The debt ceiling crisis is just one of four major hurdles Cramer sees in the market right now. But if concerns about the debt ceiling are cleared, that should pave the way for a much more upbeat market, Cramer said. It could potentially reopen the IPO window and usher in good deals, like Thursday's market debut of Johnson & Johnson 's consumer-health spinoff, Kenvue .

More than 11,000 film and television writers, who say their compensation doesn't match the revenue generated in the streaming era, are on strike for the first time since 2007-08. Most immediately, this will have a significant impact on late-night shows, where writers are tasked with crafting timely and topical jokes. That's because many shows and films have already wrapped production and will enter the marketplace unaffected by the strike. Instead, they feel they've been shortchanged on compensation as studios, networks and streaming platforms write a new rulebook in real time. Unlike the 2007 strike, writers currently have social media on their side and are rallying on platforms like Twitter, Instagram and TikTok to get their message out.

☆ Investors all face the same four hurdles right now, Jim Cramer says
▼ + stars: | 2023-05-02 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

There are four main hurdles all investors have to navigate right now, but anyone who does so effectively will see a payoff, Jim Cramer said on Tuesday. Cramer expects the crisis to be resolved in due time, but there could be a hangover for the market over the next few weeks. Apple's stock has moved dramatically, and the quarter will likely need to be stellar for it to keep moving the same way, Cramer added. "Now, all of these issues would be much easier to put to bed if stocks were lower, and that's what's happening," Cramer said. "It's not a bear market, just an interlude, and you have to recognize these four hurdles are a gauntlet, a real gauntlet, that must be traversed."

☆ Cuba fuel shortages spark fistfights, queues and holiday cutbacks
▼ + stars: | 2023-05-01 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +5 min

Havana, Cuba CNN —As the gas lines grow longer, tempers in Cuba are growing shorter. Since mid-April, Cuba has been beset with its most dire fuel shortages in years, prompting comparisons to the severe disruptions Cubans suffered after the fall of the Soviet Union. Lines stretch for blocks even at gas stations where there has been no fuel for days. Taxi drivers wait in line to fill fuel at a petrol station in Havana. “How can we go to May Day when we have to be in a line for gas,” she said.

☆ This earnings season has been 'pretty darn good' and several companies stand out, Jim Cramer says
▼ + stars: | 2023-05-01 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

After hearing from around two-thirds of companies in the Dow Jones Industrial Average this earnings season so far, it shouldn't come as a surprise that the market is so high, Jim Cramer said Monday. "This was supposed to be a bad earnings season, but it's been pretty darn good," he added. In a wide-ranging group of winners Cramer identified, some standout names include Honeywell, Microsoft, and JPMorgan. Honeywell "could be one of the great stories of the entire quarter so far," Cramer said, as its aerospace business accelerates and its refining chemicals business improves. Microsoft has "stolen the earnings season along with Honeywell," according to Cramer, thanks to its impressive numbers from its cloud division plus good numbers from its business software and gaming divisions.

☆ Consumer goods stocks are set to keep running, and it's not too late to buy, Jim Cramer says
▼ + stars: | 2023-04-28 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Food and consumer goods stocks are poised to keep running, Jim Cramer said Friday, at least if no external news drags down the entire market. The resilience of snack and packaged-goods stocks will hold particularly true as debt-ceiling talks flounder, he added. Colgate-Palmolive also rallied following an earnings report that topped revenue expectations. Cramer also saw the same promise in General Mills , which hit a new 52-week high Friday, and Procter & Gamble , which beat earnings and revenue expectations last week. "Even as these consumer-packaged good stocks have run a great deal, I don't think it's too late," Cramer said.

☆ Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus
▼ + stars: | 2023-04-27 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Barbie maker Mattel posted first-quarter results after markets closed on Wednesday that beat revenue expectations but fell short of expectations on the bottom line. Other toy stocks, including Hasbro competitor Mattel and pop culture consumer company Funko , also jumped on Thursday. Toymaker stocks rallied Thursday after rivals Hasbro and Mattel posted quarterly results and offered optimistic comments about how their intellectual property will boost their businesses. Amid the challenging toy and game market, both Hasbro and Mattel are eyeing a future increasingly focused on intellectual property. Hasbro's "Transformers: Rise of the Beasts" from Paramount is slated for a June 9 release, while Mattel's much-hyped "Barbie" movie from Warner Bros. is scheduled for a July 21 release.

[1/5] A Cuban tanker ship enters Havana's bay with a sign that reads in Spanish: "No more blockade", referring to the trade embargo on Cuba imposed by the U.S., Havana, Cuba, April 25, 2023. Venezuela's oil exports to Cuba so far this year have dropped to 55,000 barrels per day (bpd) from almost 80,000 in 2020. Cuba has also imported since November at least five cargoes from Russia, a long-time supplier, as well as fuel from Caribbean terminals and Europe, the data shows. Officials also blame U.S. sanctions, which complicate the financing and transport of fuel to Cuba, for the crisis. Venezuela's state oil company PDVSA and oil ministry, Pemex, and Mexico's foreign ministry did not reply to requests for comment.

☆ UPS shares fall after delivery giant reports disappointing earnings
▼ + stars: | 2023-04-25 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

United Parcel Service shares fell Tuesday after the American trucking and delivery giant reported first-quarter misses on both earnings and revenue. To some analysts, the relatively weak report from UPS hints at a wider economic slowdown, particularly when coupled with CEO Carol Tomé's comments. Tomé told CNBC on Tuesday that a larger, industry-wide decline in retail sales in the month of March impacted UPS as well. Previously, UPS projected revenue between $97 billion and $99.4 billion, versus analysts' estimates of $99.98 billion. In its fourth-quarter earnings call, Chief Financial Officer Brian Newman said the company expected 2023 "to be a bumpy year."

☆ NFL suspends five players for violating gambling policy
▼ + stars: | 2023-04-21 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Five NFL players have been suspended for violating the National Football League's gambling policy, the league announced today. The policy bars anyone in the NFL from engaging in any kind of gambling in league facilities or venues, including practice facilities. The league said its review uncovered no evidence that inside information was used in the gambling at hand. Two other players — Stanley Berryhill and Jameson Williams of the Lions — are suspended from their team's first six regular season games of the year. Berryhill and Williams will be able to participate in offseason and preseason activities, including preseason games.

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