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☆ Big oil is racing to scale up carbon capture to slash emissions but the challenges are immense
▼ + stars: | 2024-04-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +14 min

Some climate activists accuse the industry of simply investing in carbon capture as way to extend the use of oil and gas. The technology typically uses chemical absorption to capture carbon dioxide emitted from the chimney of an industrial plant. "The economic viability of carbon capture and sequestration is a challenge today because the cost of building most plants in order to capture carbon dioxide are very significant," the executive said. About two-thirds of the industry's carbon dioxide emissions come from chemical reactions that occur when breaking down limestone. SLB this month announced a nearly $400 million investment in Aker Carbon Capture, a pure-play carbon capture company based in Norway, in an effort to accelerate deployment of the technology at commercial scale.

Persons: Chin Lee, Biden, SLB, Fred Majkut, Majkut, Adam Miklos, Miklos, Baker Hughes, Olivier Le Peuch, Alessandro Bresciani, Jeff Gustavson, Gustavson, steelmaker Nucor, Linde, Dan Ammann, Ammann, Fatih Birol, We're, SLB's Majkut Organizations: Chevron, Houston Chronicle, Hearst Newspapers, Department of Energy, RTI International, International Energy Agency, Exxon, Rystad Energy, Clean Investment Monitor, United Nations ., Gulf Coast, CF Industries, Talos Energy, Carbonvert, IEA Locations: Winnie, Mississippi, Vicksburg, Schlumberger, United States, Paris, Chevron, United Kingdom, U.S, Aker, Norway, Houston, Port Arthur , Texas, Gulf, Louisiana, Beaumont , Texas, Mississippi , Louisiana, Texas, Bayou, Port Arthur

☆ 10 things to watch in the stock market, including Eli Lilly, Amazon, Meta and Ford
▼ + stars: | 2024-03-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

BofA also raises red-hot server maker Super Micro Computer price target to $1,280 from $1,040. The Club stock took off in mid-February after the previous secondary. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Eli Lilly, BofA, ByteDance, Morgan Stanley's Adam Jonas, Jonas, Morgan Stanley, Tesla, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Investors, Bank of America, Electric, GE Healthcare, Club, Auto, General Motors, Ford, Citigroup, Constellation Brands, Citi, Nielsen, Corona, Modelo, Jim Cramer's Charitable, CNBC Locations: Pacifico, Cleveland

☆ Nucor CEO talks steel oversupply, says 'we've got to continue to advocate' for the industry
▼ + stars: | 2023-09-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Leon Topalian, CEO of steelmaker Nucor told CNBC's Jim Cramer on Friday that oversupply continues to be an issue for the industry, stressing the importance of advocating for legislation that prevents steel dumping. The oversupply in the world, particularly out of China is significant," he said. It's been five years since the the Trump administration imposed a 25% tariff on steel imports, targeting foreign countries dumping steel into the U.S. market. "Their leadership and understanding this industry and not protecting free trade, but fair trade, because it's not just cheap steel, it's illegally subsidized and dumped steel that really harms this nation." Ahead of earnings, Nucor preannounced lower-than-expected guidance for the current quarter last week, which sent its stock down 6% in a single session.

Persons: Leon Topalian, steelmaker Nucor, CNBC's Jim Cramer, oversupply, We've, It's, Trump, Topalian, Biden, Gina Raimondo, Katherine Tai, it's Locations: China, U.S

☆ Cramer points out stocks to watch as China's economy slows down
▼ + stars: | 2023-08-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer gave investors his top sectors and stocks to watch following Tuesday's weaker-than-expected Chinese economic data. The Dow Jones Industrial Average slid more than 300 points as concerns over China's economy began to mount. The country's July economic data broadly missed expectations, and the National Bureau of Statistics' report did not include youth unemployment numbers. Cramer recommended investors consider infrastructure stocks because the U.S. government is investing heavily in that sector, signaling out equipment manufacturer Caterpillar and steelmaker Nucor . Cramer also recommended drug stocks like Eli Lilly , homebuilding stocks Lennar and DR Horton as well as tech giants like Nvidia .

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, DR Organizations: Dow Jones, National Bureau of Statistics, Caterpillar, Boeing, Honeywell, DR Horton, Nvidia

However, according to Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, these are all reasons to be a "little cautious" following the busiest week for earnings. All reasons to get a little cautious on the market," Slimmon told CNBC's Squawk Box Asia Thursday. Microsoft and Alphabet kicked off earnings season last week for the mega-caps, while Apple and Amazon are set to report this week. "I am not negative on the mega-cap tech stocks," Slimmon said, acknowledging Microsoft's strong results . Slimmon pointed out that the broadening of investors' interests is also likely at play, adding further selling pressure to Big Tech stocks.

Persons: Andrew Slimmon, Slimmon, CNBC's, MSFT, there's, Slimmon's isn't, Janet Yellen, Morgan Stanley, steelmaker Organizations: Nasdaq, U.S . Federal, Morgan Stanley Investment Management, Microsoft, Apple, Big Tech, Dow Jones, United, Treasury, Corp, JPMorgan, Ameriprise Locations: China, U.S

☆ Club meeting recap: Stocks fall, Emerson upgrade, Danaher readthrough
▼ + stars: | 2023-04-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks fall on earnings Emerson upgrade Danaher readthrough 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ What Cramer is watching Friday — FedEx's disaster, Street hates Adobe deal, Uber cyberattack
▼ + stars: | 2022-09-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

I wrote Thursday night about how this latest sell signal on Wall Street will hurt some stocks more than others. Downgrades and price cuts everywhere on Wall Street. CNBC's tech team says Silicon Valley loves the move, but clearly Wall Street does not. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Traders work during the opening bell at the New York Stock Exchange (NYSE) on Wall Street in New York City on August 16, 2022.

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