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Power demand is expected to surge over the next decade driven primarily by artificial intelligence and data centers, with natural gas , renewable and utility stocks poised to benefit, according to Goldman Sachs. AI and data centers will consume 8% of U.S. power demand by 2030, compared with 3% currently, according to Goldman projections. Natural gas will power 60% of the growth, while renewables are expected to make up the other 40%, according to the investment bank. Goldman recommends that investors buy call options for stocks most levered to the coming power demand surge. These buy-rated stocks are attractive because their current volatility is well below their median implied volatility, according to Goldman.
Persons: Goldman Sachs, Goldman, Kinder Morgan Organizations: Southern Company, Southern
CNN —A county redistricting plan in Texas that a Donald Trump-appointed judge deemed “a clear violation” of the Voting Rights Act is back before a notoriously conservative appeals court. After the 2021 Census, the Republican-led county commission broke up that district, locking in four majority-white districts instead. Their opponents argue that Congress did not intend for multiple “classes” of minorities to be considered together when assessing a map’s Voting Rights Act compliance. Black and Latino voices ‘extinguished,’ judge saysThe 2021 map split up the long-established Precinct 3, spreading those minority voters across the four total commission precincts. “It would be devastating for minority voters as devastating as it was for Galveston’s Black and Latino voters.”
Persons: Donald Trump, Biden, Jeffrey Vincent Brown, , , Valencia Richardson, Christian Adams, , ” Brown, Brown, Mark Henry –, Henry, Robin Armstrong, Armstrong, Adams, Circuit “, Elena Kagan, , ” Chad Ennis –, ” Ennis, Hilary Harris Klein Organizations: CNN, Republican, 5th, Campaign, , Senate, Justice Department, Galveston Republicans, Interest Legal Foundation, Circuit, Southern Coalition for Social Justice Locations: Texas, Galveston’s County, Galveston County, White, Galveston, Louisiana, Mississippi,
Cramer's Lightning Round: AMD is a buy
  + stars: | 2024-05-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Stock Chart Icon Stock chart icon Southern Copper Corp's year-to-date stock performance. Stock Chart Icon Stock chart icon Corsair Gaming's year-to-date stock performance. Stock Chart Icon Stock chart icon Starwood Property Trust's year-to-date stock performance. Stock Chart Icon Stock chart icon XPO's year-to-date stock performance.
Persons: Lisa Su's Organizations: Devices, Southern Copper Corp, Logitech, Starwood, Starwood Property
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: There's room for both AMD and Nvidia in the market, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: AMD, Southern Copper, Corsair Gaming, and more.
Persons: Jim Cramer Organizations: AMD, Nvidia, Corsair Gaming
Boring utility stocks are being highlighted as the next great beneficiaries of the AI boom. Goldman Sachs highlights 4 buy-rated utility stocks that are set to benefit from the AI boom. AdvertisementThe most boring area of the stock market is being awakened by the AI boom, and investors should take notice now, according to Goldman Sachs. These are the four utility stocks Goldman Sachs rates as Buy, partly due to their exposure to AI-fueled electricity demand. NextEra Energy (NEE): "Renewable segment uniquely positioned for AI data load and interconnection queue available."
Persons: Goldman Sachs, Organizations: Service, Goldman, Xcel, Co, Nvidia, AMD, Computers Locations: MISO, Texas
A rapidly rising market has caught a lot of investors off-guard. He loves to watch what he calls the "pain trade," the move in the markets that would catch the largest number of active investors off-guard. Surveying Monday's late-day rally on the floor, Anderson looked up at the NYSE boards and said, "the pain trade is up." The S & P 500 is now within 1.4% of its old closing high of 5,254 from March 28th. The STOXX Europe 600, essentially the S & P 500 of Europe, is also less than 1% below an historic high.
Persons: Tim Anderson, Anderson, It's, Nicholas Colas, DataTrek, Ingersoll Rand, Parker, Hannifin, it's, Alec Young, MAPsignals.com Organizations: MND Partners, NYSE, Nasdaq, Utilities, Reuters, Southern Company, EatoN Corp Locations: Europe, industrials
U.S. military planes filled with civilian contractors and supplies have begun landing in Haiti, paving the way for a seven-nation security mission, led by Kenya, to deploy to the troubled Caribbean nation in the coming weeks, American officials say. But even as the security situation worsens and millions of Haitians go hungry, a military-style deployment that is estimated to cost $600 million has just a fraction of the funding required. Biden administration officials would not say whether a precise date for the deployment date had been set. The Kenyan government did not respond to requests for comment. Several flights from Charleston Air Force Base in South Carolina have landed at Toussaint Louverture International Airport in Port-au-Prince, the capital, in the past week, according to the U.S. Southern Command.
Persons: Toussaint Organizations: Biden, Kenyan, Charleston Air Force Base, U.S . Southern Command Locations: Haiti, Kenya, South Carolina, Port
According to an April 28 report from Goldman Sachs, the demand for power from AI data centers is expected to increase by 160% between 2023 and 2030. The report states that the rate of demand growth expected in the next five years has not been witnessed since the beginning of the century. AdvertisementFluence Energy (FLNC) provides clean energy storage that can serve as a power supply backup source if data centers experience outages. NextEra Energy (NEE) is a US energy company already providing power to data centers and demand from its electricity supply is expected to grow. nVent Electric (NVT) is an electrical parts supplier that provides liquid cooling, enclosures, power distribution, and cable management for data centers.
Persons: , Goldman Sachs, Goldman, it's, Kinder Morgan Organizations: Service, Real, Business, Microsoft, Fluence, Google, GE, NextEra Energy, Co, Georgia Power, Xcel Energy, Cameco Corporation, EQT Corp, Caterpillar, Eaton Corporation, MYR Locations: US, Canadian
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
Influential proxy advisory firm ISS recommended on Tuesday that Norfolk Southern shareholders support five of activist Ancora's seven board nominees, withholding an endorsement from CEO pick Jim Barber but describing him as a "credible director and CEO candidate nonetheless." Ancora is seeking to oust both current CEO Shaw and newly appointed COO John Orr. ISS recommends shareholders support Ancora nominees William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry and John Kasich. "As board chair, Amy Miles arguably bears the most responsibility for this state of affairs," ISS' report read. WATCH: CNBC's full interview with NSC CEO Shaw on activist campaign
Persons: Jim Barber, Glass Lewis, Alan Shaw's, Barber, Amy Miles, Ancora, Shaw, John Orr, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, John Kasich, Orr, Sen, Heidi Heitkamp, Richard Anderson Organizations: Norfolk, ISS, CNBC, Vanguard, BlackRock, Norfolk Southern, Delta Locations: Norfolk Southern, East Palestine , Ohio, Norfolk
Avelo Airlines continues to expand its fleet and routes, adding 10 new destinations on May 1. As Avelo strives for its third profitable quarter, the CEO says the airline is focused on itself. AdvertisementWhen low-cost newcomer Avelo Airlines launched its first flight three years ago, it had just three Boeing 737 Next-Generation jetliners and served 11 West Coast destinations. Business Insider spoke to Avelo CEO Andrew Levy about what makes the growing airline different from other low-costs and what customers can expect on board its planes. Avelo Airlines' route map.
Persons: Avelo, , Andrew Levy, Jim Olson, Louis, Walt, we've, Levy, Joe Scarnici Avelo, he's Organizations: Avelo Airlines, Service, Boeing, Alaska Airlines, Business, Concord, Houston Hobby, Walt Disney, Universal Studios, Delta, Avelo, JetBlue Airways, Airlines, BI, Frontier Locations: Burbank , California, Sonoma County, Boise, Idaho, Montana, Albany, Atlanta, Charlotte , North Carolina, Destin, Knoxville, Lakeland, Central Florida, Miami, St, Traverse City , Michigan, Orlando, New Haven, Connecticut, New York City, Hartford, Boston, Alaska
Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows. Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Stock picks He named Australian gold miner Northern Star and copper miner Southern Copper as stocks he's bullish on right now. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. It said that copper demand will already "significantly exceed" supply starting this year — and that's not even accounting for demand growth from data centers.
Persons: Kingsley Jones, Jevons, CNBC's, Jones, Kamil Dimmich, Dimmich, he's, that's, Jefferies, Teck, Ian Roper, Michael Bloom Organizations: Wall Street, U.S . Federal Reserve, Stock, Northern Star, South, K92 Mining, Jefferies, JPMorgan, Teck Resources, North, Astris Advisory Japan KK, CNBC Locations: USA, Europe, South Capital, East, China, Freeport, McMoRan, Lundin, Teck, North America
If you look at the other metals like copper and steel and their associated stocks you'll see breakouts as well, and in fact, they are showing more strength than gold stocks. Looking at a chart of copper we'll see a clear breakout above the early 2023 high of $4.35 with the 2022 highs of $5.00 targeted. Fundamentally speaking copper is an industrial metal heavily needed in China and India for infrastructure, transportation, and the green energy buildout. 'Bull flag' pattern The way I'm expressing this bullish thesis in copper is through my holdings in Southern Copper Corp (SCCO) in the dividend portfolio at Inside Edge Capital. That's not exactly cheap, but with the forecasted global demand of copper we think that multiple is justified.
Persons: There's, COPX, That's, Todd Gordon, Gordon, SCCO Organizations: Gold Miners, Copper Miners, Southern Copper Corp, Edge, Inside Edge, Inside Edge Capital Management Locations: China, India, Panama, GDX, COPX, Arizona
Stavridis suggested recruiting countries like Australia, Japan, New Zealand, and South Korea. AdvertisementThe NATO military alliance should consider broadening its membership to include Asia-Pacific nations like Japan and New Zealand, said a former NATO supreme allied commander. AdvertisementIn his op-ed, Stavridis suggested recruiting Asia-Pacific countries "that share the alliance's vision of freedom, democracy, liberty and human rights." Advertisement"I'd say the challenges and the benefits feel roughly balanced, but given the practical and political hurdles, it is probably too soon to consider a global NATO," Stavridis wrote. AdvertisementThe military alliance's overtures to Asia appear to have drawn the ire of countries like China, whose defense ministry has accused NATO of being a "walking war machine."
Persons: James Stavridis, Stavridis, , Emmanuel Macron, Wu Qian Organizations: NATO, US, Service, Bloomberg, US Southern Command, Asia, Business Insider Locations: Asia, Pacific, Australia, Japan, New Zealand, South Korea, NATO, Russia, Ukraine, Latin America, US, China, South China, Philippines, Thailand, Singapore
Copper prices are in the midst of a sharp rally, and there are a few stocks investors could check out to play the trend, according to Strategas. In a Thursday report, he called out the "explosive move from copper" and identified stocks with exposure to the metal that are breaking out of their multi-year ranges. The average price target suggests downside of about 3% from current levels. The average price target suggests 29% downside from current levels. He also raised his price target to $130 from $91, implying that shares could rally about 17% from their Friday close.
Persons: Chris Verrone, Bernstein, Bob Brackett, Brackett, Jefferies, Alejandro Anibal Demichelis, Demichelis Organizations: Copper, Southern Locations: U.S, Freeport, McMoRan, McRoRan, Indonesia, Mexico
A series of failures, including a breakdown in communication and violations of the rules of engagement, led to the deadly Israeli strikes that killed seven humanitarian aid workers in Gaza this week, senior Israeli military officials said on Friday. “It’s a tragedy,” Rear Adm. Daniel Hagari, the Israeli military’s chief spokesman, told reporters in a briefing on Thursday night. “It’s a serious event that we’re responsible for, and it shouldn’t have happened.”On Friday, the Israeli military announced that two officers — a colonel and a major — would be dismissed from their positions. Lt. Gen. Herzi Halevi, the Israeli military chief of staff, also decided to formally reprimand the head of Israel’s southern command, the military said in a statement. Israeli forces, the military said, began striking the convoy, belonging to the relief group World Central Kitchen, at 10:09 p.m. on Monday as the cars made their way along Gaza’s coast.
Persons: , , Daniel Hagari, , Herzi Halevi Locations: Gaza, Gaza’s
CNN —Israel’s military said its troops made a series of “grave” mistakes and violated protocol in their strikes that killed seven aid workers in Gaza this week. The IDF is considering distributing thermal stickers for aid vehicles to prevent this happening again in the future, he added. After the first vehicle was struck, some of the surviving aid workers fled to the other vehicles in the convoy – which were also struck, the spokesperson said. People gather around one of the WCK vehicles struck by the IDF, April 2, 2024. The killing of the seven aid workers sparked condemnation from some of Israel’s most prominent supporters and may mark a turning point in how Israel perpetrates its war in Gaza.
Persons: CNN —, WCK, Israel’s, , Jose Andres, Daniel Hagari, ” Andres, Israel, , ” WCK, Israel perpetrates, Joe Biden, Benjamin Netanyahu, , Biden, Alicia Kearns, Kearns, Itamar Ben Gvir Organizations: CNN, Israel Defense Forces, IDF, Canadian, Staff, 162nd Division, Southern Command, Getty, West Bank, United Nations, Israeli, Conservative, BBC, National Locations: Gaza, Israel, Gazan, Deir, Palestinian, Australian, AFP,
A nor’easter is forecast to bring an April onslaught of snow, rain, high winds and coastal flooding to the Northeastern United States this week, the National Weather Service said. Rain will lash areas of New York, Southern Connecticut and Northern New Jersey starting on Tuesday. Heavy, wet snow is expected to blanket mainly parts of inland New England starting on Wednesday before tapering off into a light dusting on Friday, the weather prediction center said. “The biggest impact we are worried about from this storm is the heavy, wet nature of the snowfall” in northern New England, said Donald Dumont, a meteorologist with the National Weather Service in Gray, Maine. “All of New England is going to get it, but probably more rain in southern New England.”Maine, New Hampshire, Connecticut, Vermont, Massachusetts, New York and New Jersey could all, to varying degrees, feel the brunt of the stormy weather.
Persons: , Donald Dumont Organizations: Northeastern, National Weather Service Locations: Northeastern United States, New York, Southern Connecticut, Northern New Jersey, New England, Gray , Maine, England, ” Maine, New Hampshire , Connecticut , Vermont , Massachusetts, New Jersey
Ron DeSantis has opted to take a different route: He's maintained his public profile by signing bill after bill focused on security. In his video announcing the end of his campaign, DeSantis foreshadowed his future goals during the remainder of his tenure as Florida's leader, which, barring a debacle, should last until January 2027. "While this campaign has ended, the mission continues down here in Florida," DeSantis said. Related storiesIn the two months since he's returned to Florida full-time, DeSantis has been busy, signing several bills and orders, each marked with a common theme: safety and security. "Under Governor Ron DeSantis, Florida will act."
Persons: , Ron DeSantis, He's, DeSantis, he's Organizations: Service, Republican Florida Gov, Business, National Guard, Republican, Florida Legislature, Disney Locations: Florida, Haiti
The world’s best dumplings
  + stars: | 2024-03-28 | by ( Julia Buckley | ) edition.cnn.com   time to read: +17 min
The best way to sample these dumplings is from a street vendor carting a steamer on his bicycle. KartoffelknoedelCarbtastic kartoffelknoedel ExQuisine/Adobe StockFound across Germany, kartoffelknoedel, or potato dumplings, usually accompany meat dishes. Artit_Wongpradu/iStockphoto/Getty ImagesSome dumpling purists say that the Australian dim sim is merely a bastardized version of Chinese dumplings. Joshua Resnick/500px Plus/Getty ImagesFound on Chinese takeout menus in the United States, crab rangoon are deep-fried dumplings served as a side dish. Shish barakShish barak are lamb dumplings served with yoghurt.
Persons: ., Ravioli, , chao shou, chao, bryndzové, Lisa Wiltse, dumpling, Edward Wong, there’s, Beata Zawrzel, Mayur, Lord Ganesha, Ganesh Chathurthi, Pelmeni, Dim sims, Peng, Kimchi, Jonathan Wong, manti, speck, you’ll, Deb Lindsey, Uszka, Gyoza, Joshua Resnick, Ihor, it’s, It’s, DiAnna Paulk, Paolo Bernardotti, Shish barak Shish barak, Julia Buckley Organizations: CNN, South China Morning, Adobe, Central Asia, Kazakhstan –, Turks, Adobe Stock, Corbis, China Morning, Getty, Turkish, Fascism, Washington Post Locations: . Cheng, South, Italy, Rome, Sichuan, Central, Turkey, China, Azerbaijan, Kazakhstan, Central Asia, Mongol, Slovakia, Slovakian, Indonesian, Bandung, Hong Kong, Eastern Europe, Maharashtra, Germany, Brazil, Siberia, European, Australia, North America, Europe, Tunisian, Argentina, empanadas, Mendoza, USA, Southern, United States, Central Asian, Korea, Alto Adige, Austrian Tyrol, Kathmandu, Poland, Tokyo, rangoon, Asia, Russia, Georgia, Japan, Pennsylvania, Piedmont, Afghanistan
New York CNN —On St. Patrick’s Day, throwing back an Irish whiskey might taste different than it used to. Flavored whiskey is a $1.5 billion category and accounts for 20% of all US whiskey sales. In the past few years, flavored whiskey sales have outpaced unflavored whiskey, according to Southern Glazer’s distributors. But with younger drinkers gravitating toward punchier flavors, Irish brands “have to be much more flexible than their historical beliefs have been,” he told CNN. Flavors are “a good way to get them into the brand and into the whiskey category, and certainly into Irish whiskey,” Basford said.
Persons: Patrick’s, , , Lander Otegui, Bushmills, Jameson, Conor McGregor’s, Otegui, Honey, Paul Basford, William Grant, Basford, Jack Daniel’s, Jim Beam, ” Jon Berg, ” Basford, ” Otegui Organizations: New, New York CNN, CNN, Tullamore D.E.W, Tullamore, NIQ Locations: New York, St, Southern, Tullamore D.E.W, Tullamore
CNN —The Senate on Thursday confirmed career foreign service member Dennis Hankins to be US ambassador to Haiti, where widespread violence has brought social order to the brink of collapse. The unrest has forced tens of thousands of people to flee their homes and prompted United States, Germany and European Union embassies in Haiti to evacuate personnel. Hankins’ confirmation comes after Haiti’s Prime Minister Ariel Henry announced on Monday that he would resign following weeks of chaos. The former ambassador to Mali and to Guinea has worked for the State Department for nearly four decades. He served in Haiti earlier in his foreign service career.
Persons: Dennis Hankins, Hankins, Ariel Henry, Joe Biden, Michele Sison, CNN’s Colin McCullough, Caitlin Stephen Hu, Helen Regan Organizations: CNN, European Union, US Marine, Haitian, Southern Command, Haiti’s, State Department Locations: Haiti, Caribbean, Port, United States, Germany, Mali, Guinea
CNN —The Biden administration is discussing using Guantanamo Bay to process Haitian migrants if there is a mass exodus to the US amid worsening conditions in the country, according to a US official. “We are clear-eyed that economic, political, and security instability are key drivers for migrants around the world. A Homeland Security spokesperson said that so far, migration from the Caribbean remains low. The United States returns or repatriates migrants interdicted at sea to The Bahamas, Cuba, the Dominican Republic, and Haiti,” the spokesperson added. And we are ready if a mass migration — if we need to deal with a mass migration.
Persons: CNN —, Biden, , Ariel Henry, , Laura Richardson, Rebecca Zimmerman, they’re, Joe Biden, CNN’s Haley Britzky Organizations: CNN, National Security, Homeland Security, DHS, State Department, United Nations, United, Marine, Team, Immigration, Customs, Department of Homeland Security, Defense Department, Congress, Southern Command, Defense for Homeland Defense, US Customs, Border Protection Air, Marine Operations, US Border Patrol, Coast Guard, Border Patrol, Border Protection, House, Republican Locations: Guantanamo Bay, Cuba, Haiti, Florida, Guantanamo, Caribbean, United States, Bahamas, Dominican Republic, Port, Mexico
Dajabon, Dominican Republic CNN —The United States and other diplomatic missions have begun evacuating personnel from Haiti, as gang violence in the Caribbean nation’s capital Port-au-Prince continues to spiral. US Southern Command said the move was consistent with “standard practice for Embassy security augmentation worldwide.” No Haitians were on board the military aircraft, it added. Another source with knowledge of the operations told CNN there have been at least 12 helicopter evacuation flights into Port-au-Prince over the past three days, all evacuating diplomatic and humanitarian staff. However, shots fired nearby after the last flight’s take off on Sunday have called into question the viability of continuing the evacuation flights, the source said. The World Food Programme suspended its maritime transport services in Port-au-Prince from distributing aid across Haiti due to the instability.
Persons: Dajabon, , Joe Biden, Peter Sauer, Stefano Gatto, , Prince, Gang, Jimmy Cherizier, Ariel Henry, Stephane Dujarric, Henry Organizations: Dominican Republic CNN, CNN, US State Department, US Southern Command, Southern Command, National Security Council, CNN Helicopter, European Union, EU, Caribbean Port Services, Dominican, United Nations, US Department of Treasury, Food, UN, OCHA, Kenya, Kenyan, Caribbean Locations: Dominican Republic, United States, Haiti, Caribbean, Port, Dominican, Haitian, Santo Domingo, Petionville, Haiti’s, Puerto Rico, CARICOM, Kingston
A man walks next the U.S. embassy building where the U.S. military airlifted embassy non-essential personnel due to violence, in Port-au-Prince, Haiti, on March 10, 2024. The U.S. military said Sunday that it had flown in forces to beef up security at the U.S. Embassy in Haiti and allow nonessential personnel to leave. "This airlift of personnel into and out of the Embassy is consistent with our standard practice for Embassy security augmentation worldwide, and no Haitians were on board the military aircraft," according to the Southcom statement. In many cases, nonessential personnel can include the families of diplomats, but the embassy had already ordered departure for nonessential staff and all family members in July. The personnel ferried out of the embassy may have simply been rotating out, to be refreshed by new staff.
Persons: Ariel Henry, Henry, Luis Abinader, Jovenel Moise Organizations: U.S ., U.S, Embassy, U.S . Southern Command, Dominican, Haitian, United Nations, Caricom, Guards, Prince Locations: U.S, Port, Prince, Haiti, United States, Kenya, East, Puerto Rico, Dominican Republic, Hispaniola, Dominican, Jamaica, France, Canada, Brazil, Caricom
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