DIRS.INFO The most relevant business & tech news

☆ I got a hair transplant in Istanbul, a sanctuary for balding men. It pulled me out of a dark place.
▼ + stars: | 2024-05-11 | by ( Spencer Macnaughton | ) www.businessinsider.com time to read: +17 min

Bennett, who's three years older than me and was a bit further along in the balding process, had been my hair loss mentor. But now, he was one of the growing number of men who traveled 5,000 miles to Istanbul, the global capital for hair transplant surgery. According to the Turkish Health Tourism Association, about one million people traveled to Turkey for a hair transplant in 2022, spending about $2 billion. Bennett/Spencer Macnaughton Show less Bennett lounging poolside in December 2022 , 11 months after his hair transplant. Spencer Macnaughton during his hair transplant in Istanbul Turkey Kenny Wassus/Business InsiderWhen they finally announced I was finished, it was around 10 p.m.

Persons: Bennett, Turkey —, who's, It's, poolside, what's, I'd, —, Aygin . Bennett, Spencer Macnaughton, Serkan Aygin, he'd, Kenny Wassus, Aygin, He's, they'd, Choi, you've, Istanbul Turkey Kenny Wassus, Kenny, I've, I'm Organizations: Mercedes Club, Business, Turkish Health Tourism Association, FDA, International Society of Dermatology, Turkish Airlines, Istanbul Airport Locations: midtown Manhattan, Turkey, Istanbul, Manhattan, New Jersey, Turkish, United States, New York, Istanbul Turkey, Detroit

☆ A software consultant trading stocks on the side is up 318% in 2024. He shares the stock screener he uses to find the trades he makes.
▼ + stars: | 2024-05-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

He was 13 when he first heard about trading stocks. Finally, he filters for volume with the "50-day average volume"— the average number of shares traded daily over 50 days — above 25,000 shares. He had been watching Nvidia's chart since December, and it had a consistent 200-day moving average trend upward. As of January 3rd, it held above its 50-day moving average, bouncing off resistance points around $8.83 and $8.94 with minor pullbacks. The stock had a strong 150- and 200-day average uptrend.

Persons: Leoš, Benjamin Graham's, William O'Neil, Mark Minervini, Norman Zadeh, Mikulka Organizations: Investor's, Gamestop, US, Business, Apple, Nvidia, Mitsubishi UFJ Financial, Holdings Locations: Prague, IBD

☆ India’s time zone: Why the world’s most populous country has a unique one
▼ + stars: | 2024-05-09 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +8 min

India’s half-hour zone dates back to colonial rule of India and the era when ever-faster steamships and trains were shrinking the world. The start of the 20th century saw some push from scientific associations to calibrate India’s time to GMT. That recommendation was rejected by the colonial government, which opted for a unified time that sat squarely in the middle: five and a half hours ahead of GMT. In 2015, North Korea moved out of sync with South Korea by creating “Pyongyang Time,” putting the country eight and a half hours ahead of GMT instead of nine. India’s colonial-era time zone decision making, however, reflected a chorus of political, scientific and commercial voices both from within the government and outside of it, Gordon says.

Persons: Hulton, ”, Geoff Gordon, Gordon, “, it’s, Wong Maye, Hugo Chávez, Nicolas Maduro, Terry Gilliam, Rube Goldberg, Maulik Jagnani, Jagnani Organizations: CNN, East India Company, Hulton Deutsch, University of Amsterdam, Madras, Washington D.C, Greenwich Meridian, Greenwich Observatory, Meridian, Royal Society, Prime Meridian, Physical Laboratory, Tufts University, NPL Locations: New York, London, Tokyo, Iran, Myanmar, Australia, India, British, Madras, Chennai, “, Bombay, Kolkata, Washington, London ., Greenwich, North Korea, South Korea, Korea, Pyongyang, Brazil, ”, Greenwich , London, China, Assam, Arunachal Pradesh, Gujarat

☆ Planet Fitness will raise its $10 membership plan for the first time in 26 years
▼ + stars: | 2024-05-09 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —The Planet Fitness $10-a-month membership plan is a powerful marketing tool and a central part of its strategy. Planet Fitness will raise the price of its “classic” membership from $10 a month to $15 for new members beginning in the summer. “It’s a ‘get you off the couch’ price,” Planet Fitness’ former CEO told CNN in 2022. Planet Fitness blared out the $10 gym plan, which includes annual fees and free training, in commercials. “We’ve seen in every industry people move in price,” Planet Fitness interim CEO Craig Benson said.

Persons: Sharon Zackfia, William Blair, “ We’ve, Craig Benson, ” Organizations: New, New York CNN, CNN, Fitness, Black Card Locations: New York, United States, Square

☆ Kellogg's gives UK employees time off on 'Summer Fridays' — with a catch
▼ + stars: | 2024-05-07 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

Kellogg's 'summer hours' policy gives UK employees 4.5-day workweeks. The 21-year-old policy is now available to 560 employees in the UK. AdvertisementKellogg's global snacks unit is giving UK workers half days on Fridays this summer, but there's a catch. The "summer hours" policy has been active at Kellogg's in the UK for 21 years, the company said in a release, and is now available to roughly 560 employees in the office and across the field. Summer Fridays have long been a staple of the corporate workweek in some fields.

Persons: —, Kellanova —, Chris Silcock Organizations: Service, Kellanova, Workers Locations: Kellogg's

☆ Warren Buffett compares AI to nuclear weapons in stark warning
▼ + stars: | 2024-05-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed nuclear weapons,” he said Saturday. JPMorgan Chase, the world’s largest bank by market capitalization, is also exploring the potential of generative AI within its own ecosystem, Dimon said. Dozens of AI industry leaders, academics and even some celebrities have signed a statement warning of an “extinction” risk from AI. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement said.

Persons: New York CNN — Warren Buffett, Berkshire Hathaway, ”, Greg Abel, Buffett, “, Abel, isn’t, Buffett Buffett, JPMorgan Chase, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Sam Altman, Geoffrey Hinton Organizations: New, New York CNN, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, scamming, JPMorgan, JPMorgan Chase, Software, Yale, Summit, CNN, Walmart, Xerox, Google Locations: New York, Omaha , Nebraska, Omaha, scamming

☆ Power demand from data centers is expected to boom by 160% into 2030, boosting electricity needs at a rate unseen in a century. These 16 buy-rated stocks are set to benefit, according to Goldman Sachs
▼ + stars: | 2024-05-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

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

☆ Kendrick Lamar and Drake's beef explained, from its 2013 origins to their diss tracks "Push Ups" and "6:16 in LA" and latest responses
▼ + stars: | 2024-05-04 | by ( Ayomikun Adekaiyero | Eve Crosbie | ) www.businessinsider.com time to read: +26 min

Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.

Persons: Kendrick Lamar, Drake's, Drake, —, Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “, rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida

☆ Columbia’s administrators failed crisis management 101
▼ + stars: | 2024-05-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

There’s the day to day admin, the glad-handing of donors, and, crucially, keeping internal fires from becoming public, violent conflagrations. That last one is a public relations lesson, one on which Columbia’s president might need a refresher. In doing so, Columbia’s leadership threw out the playbook for managing protests that universities have honed for decades to keep students safe. To be sure, Columbia’s president, Minouche Shafik, knows her job could be on the line. Meanwhile, thousands of students, parents and alumni are about to descend on Columbia’s campus for commencement, adding more pressure to remove protesters.

Persons: CNN Business ’, ” Sarah J, Jackson, “, ” Jackson, they’re, it’s, Nadia Abu, ” Abu, Haj, Minouche Shafik, UPenn Organizations: CNN Business, New York CNN — University, Columbia University, NYPD, University of Pennsylvania, ”, Trustees, comms, Haj, Columbia, New York, Harvard, Brown University, Wesleyan, University of Chicago Locations: New York, Columbia, Nadia Abu El, ” Abu El

☆ These are the stocks with the most to gain or lose from the Fed decision
▼ + stars: | 2024-05-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The 10-year Treasury yield at one point in April neared 4.75% after starting the year below 4%. The anecdote, coupled with troubling inflation and economic growth data in April, helped push Treasury yields higher. More worrisome Powell commentary Wednesday after the Fed decision could further spike Treasury yields — or perhaps, he will sound confident the Fed still has a handle on inflation and rates will decline in response. However, that climb could run out of steam if Federal Reserve comments on Wednesday force Treasury yields higher. Higher interest rates constrain technology companies' ability to post the type of strong growth the sector has become synonymous with in recent years.

Persons: Stocks, Jerome Powell, worrisome Powell, Goldman Sachs Organizations: Federal, Tesla, Micro, Treasury

☆ Fujian: China’s newest aircraft carrier heads to sea for first time
▼ + stars: | 2024-05-01 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Seoul, South Korea CNN —China’s newest, largest and most-advanced aircraft carrier, the Fujian, took a big step to joining the world’s largest naval fleet on Wednesday as it set out from Shanghai for its first sea trials. “The sea trials will primarily test the reliability and stability of the aircraft carrier’s propulsion and electrical systems,” read an announcement from the state-run Xinhua news agency on Wednesday. The warship was launched in 2022 and has “completed its mooring trials, outfitting work and equipment adjustments” working up to the latest sea trials, Xinhua said. A tugboat tows China's third aircraft carrier, the Fujian, away from a dock in east China's Shanghai on May 1, 2024. The American aircraft carrier USS Gerald R. Ford is seen from the air anchored in Italy in the Gulf of Trieste on September 18, 2023.

Persons: Li Tang, ”, John Bradford, Carl Schuster, Gerald R Ford, ” Bradford, Gerald R, Ford, Andrej Tarfila, Schuster, ” Schuster, Brian Hart, Yuan Huazhi, John F Kennedy, Doris Miller Organizations: South Korea CNN —, Jiangnan Shipyard, Maritime Safety Administration, Xinhua, Liberation Army, United States Navy, PLAN, Foreign Relations International Affairs, US, Pacific Command’s Joint Intelligence, Nimitz, Ford, Center for Strategic, International Studies, Analysts, American, Chinese Defense Ministry, China Power, CSIS, Times, US Navy, Enterprise Locations: Seoul, South Korea, Fujian, Shanghai, East China, Jiangnan, Shandong, Liaoning, Italy, Gulf of Trieste, China

☆ Bitcoin's bull run may be over and the next move could see it drop nearly 50%, says a market vet who predicted the token's 2018 crash
▼ + stars: | 2024-04-30 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Bitcoin may have peaked for this cycle, and what awaits investors could be a steep fall in the token's value. That's from Peter Brandt, a veteran chart analyst who forecast bitcoin's price plunge in 2018. He notes that the gain in each bitcoin bull cycle from 2009 to 2021 has declined by 20%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The fact is that the bull market cycles in Bitcoin have lost a tremendous amount of thrust over the years," he said.

Persons: Peter Brandt, —, Bitcoin, Brandt Organizations: Service

As the busy first-quarter earnings season moves along, several stocks still set to report could be due for big swings. First-quarter earnings have boosted stocks this week, as more than 77% of companies in the S & P 500 have exceeded analysts' expectations, according to FactSet. The S & P 500's year-over-year earnings growth for the first quarter is running at about 5.6%, according to Friday data from LSEG . The names on tap range from big-name AI plays Super Micro Computer and Amazon to health-care giants such as Moderna . Chipmakers Super Micro Computer and Advanced Micro Devices could also see some major moves this week, as they could rise or fall as much as 12.6% and 7.4%, respectively.

Persons: Curtis Nagle, Nagle, Samik Chatterjee, Goldman Sachs, Pinterest Organizations: Dow Jones, Computer, Moderna, CNBC Pro, Bank of America, TikTok, JPMorgan, Super Locations: chipmakers

☆ Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
▼ + stars: | 2024-04-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's special meeting in Riyadh. "We set out to do something unprecedented and we're doing something unprecedented, and we will deliver something that's unprecedented." Al Ibrahim stressed that the projects would be delivered according to plan, but with the qualification that decisions were being made for "optimal economic impact." "We see feedback from the market, we see more interest from the investors and we'll always prioritize to where we can optimize for optimal economic impact," he said.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, we'll Organizations: Bloomberg, Saudi, NEOM, Public Investment Fund Locations: Saudi, Riyadh

☆ All projects are moving full steam ahead in Saudi Arabia, economy minister says
▼ + stars: | 2024-04-29 | 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 EmailAll projects are moving full steam ahead in Saudi Arabia, economy minister saysFaisal Al Ibrahim, the Saudi economy minister, tells CNBC's Dan Murphy "all projects are moving full steam ahead," after reports indicate some megaprojects will be scaled back.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy Locations: Saudi Arabia, Saudi

☆ 10 of the best air fryer tips and tricks to follow, according to chefs
▼ + stars: | 2024-04-29 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: +7 min

Business Insider spoke to chefs to identify the best way to use your air fryer and the top tips for getting the perfect dishes from it every time. Here are some things everyone who has (or is planning to get) an air fryer should know. Choose the right fryer for your kitchen and lifestyleDo your research before purchasing an air fryer. Deanna Kang, chef and recipe developer at Asian Test Kitchen, told BI that placing your air fryer beneath your exhaust hood can help keep your kitchen air clear. Skip the microwave — use your air fryer to reheat leftoversTo take full advantage of your air fryer, Kennedy said, use it to breathe new life into leftovers.

Persons: —, fryer, fryer Chris Riley, Riley, Fiona Kennedy, Kennedy, Deanna Kang, Kang, arancini Organizations: Service, Business, Shutterstock

Learn moreWhen making espresso at home, choosing the best espresso machine can be tricky, and serious espresso drinkers have a reputation for being particular. With its built-in grinder and simplified brewing system, the Café Affetto provides an easy shot of espresso packed with flavor. GE Café Affetto Automatic Espresso Machine This small but all-encompassing automatic espresso machine pumps out brew that's twice the quality of similar machines' while taking up half the counter space. Of course, the quickest and easiest option is a pod machine, like the Nespresso CitiZ Original Espresso Machine. Dylan Ettinger/InsiderThe Café Affetto works as advertised — the built-in grinder and straightforward controls make brewing espresso as easy as pushing a button.

Persons: Affetto, Dylan Ettinger, Read Organizations: Business, GE, Breville, Express, Machine Locations: Jura, Sur

☆ Reid Hoffman interviewed his AI deepfake and it was pretty convincing
▼ + stars: | 2024-04-26 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Reid Hoffman sat down for an interview with a deepfake of himself. The bot discussed AI regulation and spoke in Klingon during the conversation. Reid AI and Hoffman asked each other questions throughout the interview posted Wednesday. AdvertisementIn their conversation, the two Reids discussed AI regulation, its capabilities, and ways Hoffman can improve his LinkedIn profile. Advertisement"There's a need for a framework that not only fuels innovation but also ensures AI benefits are fairly distributed, all while focusing on enhancing public good," Reid AI said.

Persons: Reid Hoffman, —, Reid Hoffman's, Jerry Seinfeld, Reid, Hoffman, I've, deepfakes Organizations: Service

☆ Guitar played by John Lennon and George Harrison on ‘Help!’ to be auctioned
▼ + stars: | 2024-04-25 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —A 12-string guitar played by Beatles stars John Lennon and George Harrison and thought to have been lost for almost 60 years is going up for auction. The acoustic Framus “Hootenanny” was used by the band in 1965, featuring in recordings, sessions and performances of songs including “Help!” “You’ve Got To Hide Your Love Away” and “It’s Only Love,” according to California-based auction house Julien’s Auctions. After that, Lennon gave the guitar to a friend, who passed it on to someone “who took the guitar home, tossed it in the attic, and gave it nary a thought for decades,” the auction house said in a statement published Wednesday. “It has some distinctive markings which made it easily identifiable,” said the auction house, but “the real proof is in the sound.”Lennon pictured in December 1963. It is expected to set a world record for the most expensive Beatles guitar, the auction house said.

Persons: John Lennon, George Harrison, Lennon, “, Andy Babiuk, ”, ” Lennon, Julien’s, Ryan Schuermann, Gibson Organizations: CNN, Beatles, ITV, Julien’s Locations: California, Germany, New York City

☆ Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
▼ + stars: | 2024-04-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

This is the Tesla Musk is selling to Wall Street, and he's telling anyone with doubts to stay away. "If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the earnings call. In a shareholder deck that Tesla published before the call, the company featured a "preview of ride-hailing in the Tesla app." At an AI Day in August 2021, Musk said Tesla would build a humanoid robot, now known as Optimus. "No matter what, even if I got kidnapped by aliens tomorrow, Tesla will solve autonomy, maybe a little slower but it would solve autonomy for vehicles at least," Musk said.

Persons: Tesla's, Elon Musk, Musk, Tesla, FSD, haven't, bodysuit, Optimus, SeongJoon Cho, you've, He's, Alex Potter, Piper Sandler, there's Organizations: Revenue, Auto, NBC News, California Department of Motor Vehicles, Optimus, Tesla Inc, Seoul Mobility, Bloomberg, Getty Images Bloomberg, Getty, Tesla, Microsoft, SpaceX Locations: California, Nevada, China, Goyang, South Korea, Tesla

☆ A bearish options trade on this health care giant that's starting to show signs of cracking
▼ + stars: | 2024-04-23 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, with broader market indicators showing signs of weakness, UNH is starting to reveal cracks — and the once-strong rally appears to be losing steam. The trade setup The trade structure I am using here is called a "bear put spread." Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you. Since the width of our spread is $495– $490 = $5, I can buy the spread for $2.50. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: UnitedHealth, UNH, ADX, Nishant Pant Organizations: Change, ½

☆ Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic
▼ + stars: | 2024-04-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company's Meta Horizon operating system, the company said Monday. The move will create new hardware devices that run on the same operating system and software as Meta's current first-party virtual reality hardware, such as the Quest 3 and Quest Pro. The move further defines the fault lines of the virtual reality hardware market, months after Apple released its $3,500 virtual reality headset called Vision Pro in January. According to Meta CEO Mark Zuckerberg, who shared the news in an Instagram video Monday, the announcement essentially recreates the Android versus iOS dynamic in smartphones — only for virtual reality headsets. Meta Horizon is based on a version of Android, allowing for easier ports of apps from phones to virtual reality.

Persons: Mark Zuckerberg, Zuckerberg, Meta's, Meta Organizations: Lenovo, Microsoft, Asus, Quest Pro, Apple, Reality Labs, Meta, Apple's, Google, Steam, Gaming, Xbox

☆ A City Tries to Measure the Violence It’s Preventing
▼ + stars: | 2024-04-22 | by ( Mark Obbie | ) www.nytimes.com time to read: +31 min

Headway A City Tries to Measure the Violence It’s Preventing In Baton Rouge, a public safety experiment could help to answer a critical question: Do community efforts to reduce street violence work? Like Ms. Robinson, Ms. Tate-Alexander, 48, raised her family in Baton Rouge. Baton Rouge became the first city outside New Jersey to be tutored in the Newark method. Calming the urge to retaliateBy June 2021, when Ms. Tate-Alexander started assembling the street team, Ms. Robinson joined up. At first, Ms. Robinson and Ms. Tate-Alexander seemed wary when I asked about him.

Persons: Angel Hawkins, Liz Robinson, Sateria Tate, Alexander, Tamikka, Liz, Louis Robinson’s, Louis Jr, Robinson, “, ‘, ’ ”, Louis, Louis BadAzz, —, Louis Robinson Jr, ’, Murphy Paul, Paul, Sharon Weston Broome, Alton Sterling, ”, Karan Deep Singh, Kathleen Flynn, Biden, Nina Revoyr, Ms, Tate, Aqeela Sherrills, Sherrills, Terrell, Mr, Aqeela, Courtney Scott, . Tate, ” Ms, Gerald Haynes, Haynes, hotheads, Khoury Brown, Geaux, he’s, Geaux Yella, Darius Crockett, Crockett, Kayla Atkins, Markel, Atkins, ” Mr, “ I’m, “ I’ll, ” Markel, Atkins’s, Gary Slutkin, Jeffrey A, Butts, John Jay, Dr, Scott, “ We’re, It’s, They’ll, that’s, interventionists, Stacy Adams fedora, George Floyd, Weeks, brutalized, Paul’s, Thomas S, Morse, Dy’Lan Fillmore, Mitchell, Fillmore, Robinson’s Organizations: The New York Times, Army, Louisiana State Police, Police, Baton Rouge Police Department, Centers for Disease Control, National Institute for Criminal, Ballmer Group, Baton, Bloods, Biden White House, Markel, Research, John, John Jay College of Criminal, Statistics, University of California, Newark, Metropolitan, Murphy Paul Rally, Mr Locations: Baton Rouge, La, Iraq, Afghanistan, Black, United States, —, Federal, Newark, N.J, Watts, Los Angeles, New Jersey, Chicago, Baton

Its towering smokestacks once puffed out clouds of steam. In gigantic machine rooms, turbines whirled around the clock. In the Soviet era, the Kurakhove Heating and Power Plant gave rise to the town around it in Ukraine’s east, driving the local economy and sustaining the community with wages and heating for homes. “Our plant is the heart of our city,” said Halyna Liubchenko, a retiree whose husband worked his entire career in nearby coal mines that fed the facility. That heart is barely beating now, partly destroyed by artillery.

Persons: ”, Halyna Liubchenko Organizations: Power Locations: Soviet, Ukraine’s, Ukraine’s Donbas

☆ 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

Search resuls for: "Steam"

25 mentions found