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☆ Power outage hits Balkan states as heat overloads system, minister says
▼ + stars: | 2024-06-22 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Montenegro’s energy minister said the shutdown was caused by a sudden increase in power consumption brought on by high temperatures, and by the heat itself overloading systems. “This was just waiting to happen in this heat,” Gentiana, a 24-year-old student in Montenegro’s capital Podgorica, told Reuters. Suppliers in the four countries said they started restoring supply by mid-afternoon and power was largely back by the evening. Power in Albania was restored within half an hour, but the country remained at a high risk of further shutdowns as power usage and heat levels were still high, he said. Western Balkan nations have seen a boom in solar energy investment, meant to ease a power crisis that had threatened a shift away from coal.

Persons: ”, Sasa Mujovic, Belinda Balluku, Balluku Organizations: CNN, Reuters, Suppliers, Air, HRT, Albanian Energy, North Macedonia’s Energy Regulatory Commission Locations: Montenegro, Bosnia, Albania, Croatia’s, Balkans, Montenegro’s, Podgorica, European, Bosnia’s, Sarajevo, Banja Luka, Mostar, Croatian, Split, Greece, Croatia

☆ Startup Kinetic rolls out robots to fix electric cars, and someday robotaxis
▼ + stars: | 2024-06-20 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

By providing diagnostics and recalibration of the high-tech systems in modern vehicles, the company hopes to decrease costs associated with EV ownership and repairs. The existing collision repair industry is well-equipped to handle most physical fixes like replacing a bumper, a busted windshield, brakes and paint or adjusting alignment. But for many collision repair centers and auto dealerships, ensuring all sensors, software and computers are working properly can prove time-consuming and expensive. Kinetic puts its robotic systems and technicians to work helping these shops and dealerships fix the finicky, "digital" aspects of customers' cars. Then Kinetic's software, which is connected to the vehicle's systems, will initiate and track the completion of those fixes.

Persons: Power, Nikhil Naikal Organizations: EV Locations: U.S, Santa Ana, California

In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.

Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas

☆ Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units
▼ + stars: | 2024-06-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50, which will serve as a contract to purchase shares no later than June 1, 2027. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% gain by the S&P 500. But the utility space has cooled off over the past month, with NextEra falling 5% over that period. About 71% of Wall Street analysts rate NextEra as the equivalent of buy, while 24% have put a hold on the stock and 4.8% have recommended that investors sell.

Persons: NextEra, Goldman Sachs, Goldman, Carly Davenport Organizations: Energy, Energy Capital Holdings, UBS, Wall Street Locations: Florida, U.S

☆ Power stocks up, SaaS challenges and awaiting AI updates at Apple's big event
▼ + stars: | 2024-06-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Club stock Eaton traded more than 2% higher at one point Monday after pulling back more than 5% last week. 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: Jim Cramer, Eaton, there's, We're, Jim, Salesforce, we'll, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Club, Dell Technologies, Micro, Dover Corp, Energy, Constellation Energy, GE Vernova, Justice, Developers, Apple, Vision, Jim Cramer's Charitable, Apple Inc Locations: United States, China, Cupertino , Calif

☆ Renewable energy will be the predominant power source for data centers, Nextracker CEO says
▼ + stars: | 2024-06-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The solar panels are part of the renewable energy sources that power Apple's European data center in Viborg. "There'll be some gas, but we believe based especially on the data published by the DOE, the predominant energy source for these data centers is going to be renewable energy," Shugar told CNBC in an interview Thursday. Whereas older data centers may have been 100 to 200 megawatts in size, some of the "monster data centers" today may be as big as 1,000 megawatts, Shugar said. Microsoft, for example, recently signed a massive renewable energy deal with Brookfield Asset Management. The companies described the agreement as the largest renewable energy deal signed between two corporate partners to date.

Persons: Christoph Dernbach, Dan Shugar, Lawrence, Shugar, Goldman Sachs, Goldman Organizations: Getty, Big Tech, Wall Street, Lawrence Berkeley National Laboratory, Department of Energy, U.S, DOE, CNBC, Goldman, Microsoft, Brookfield Asset Management Locations: Hanstholm, Denmark, Viborg, Nextracker, California

☆ Activist Elliott wants Texas Instruments to bolster free cash flow. An amicable solution may emerge
▼ + stars: | 2024-06-01 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

Texas Instruments is one of the most iconic semiconductor companies in the world, with a history dating back nearly a century. Over the years, Texas Instruments has differentiated itself with a commitment to manufacturing as a core competitive advantage. In either case, Elliott thinks the company can achieve $9.01 of free cash flow per share. The company's capex plan has decimated free cash flow per share and is building to a 50% excess capacity. Elliott's plan restores the free cash flow per share growth and still builds to a 30% or 39% excess capacity.

Persons: Elliott, It's, Ken Squire Organizations: Texas, Texas Instruments, 13D Locations: COOs, China, Taiwan, U.S, capex, Richardson , Texas

☆ Goldman Sachs names top global stocks to play the coming power boom in AI and other areas
▼ + stars: | 2024-05-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The artificial intelligence boom is fueling demand for power, with many tech companies rapidly developing infrastructure as they compete for dominance. Data centers house vast amounts of computing power needed for AI workloads, and are intense power-guzzling workhorses. But the need for power goes beyond data centers and other infrastructure, according to Goldman. Goldman cited studies which showed that AI data centers can consume up to 10 times the energy of their regular counterparts. Taiwan's tech industry extends across a "comprehensive global AI supply chain," with tech manufacturers consuming a "substantial" amount of power.

Persons: Goldman, — CNBC's Michael Bloom Locations: Asia, China, Taiwan, South Korea, India, South Korea's, Power, Australia

☆ White House to support new nuclear power plants in the U.S.
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: +3 min

The White House on Wednesday plans to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change. And a new tool will help developers figure out how to cut capital costs for new nuclear reactors. No new U.S. nuclear plants are currently being built. Vogtle is now the largest U.S. source of clean energy, the White House said. Nuclear energy accounts for about 19% of U.S. power generation, compared with 4% for solar and 10% for wind.

Persons: weren't, Joe Biden's, Ali Zaidi, Critics, Biden Organizations: Westinghouse, Toshiba, White House, Department of Energy, Army, The Department of Energy, U.S Locations: Waynesboro , Georgia, U.S, Biden's, Russia, United States, Georgia

☆ AI demand will push the power grid to the brink. Morgan Stanley says these stocks could benefit
▼ + stars: | 2024-05-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Companies that manufacture small, quickly deployable natural gas turbines and generators are poised to benefit as surging electricity demand from data centers creates major delays in adding new capacity to the power grid, according to Morgan Stanley. "We believe this greater appreciation for the current grid connectivity challenges will heighten investor interest in/focus on emerging 'time to power' solutions," the analysts told clients. Power projects waiting for connection to the Lone Star state's grid have surged from 17 gigawatts to about 40 gigawatts in less than two years, according to the analysts. There is also an extensive wait time for diesel-powered, backup generators for new data center projects, according to Morgan Stanley. Companies such as Cummins and Caterpillar are also poised to benefit because they manufacture natural gas-powered generators that provide backup power onsite, according to Morgan Stanley.

Persons: Morgan Stanley, Cummins Organizations: Lone Star, GE Vernova, Siemens Energy, Cummins, Caterpillar, GE Locations: U.S, Texas

☆ Utility stocks are on a tear as an 'energy transition supercycle' lifts the entire sector
▼ + stars: | 2024-05-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Vistra Corp. has doubled over that period, while Constellation Energy is up nearly 62% and NextEra Energy has surged 34%. "This is not your old utility, where you just get a dividend and you're happy," Shahriar Pourreza, managing director of energy, power and utilities at Guggenheim Partners, told CNBC. The sector was oversold coming into 2024, with the market going too far in pricing in the impact of interest rates, Pourreza said. Power companies with deregulated assets are able to respond to market conditions more quickly than traditional utilities, he said. The tech sector is looking for clean energy to power data centers as they are simultaneously trying to limit their carbon footprints.

Persons: Pourreza, Jerome Powell, Goldman Sachs, Stephanie Link, CNBC's, Paul Hickey, Vistra, NextEra Organizations: Utilities, Vistra Corp, Constellation Energy, NextEra Energy, Guggenheim Partners, CNBC, Federal Reserve, Investors, HighTower Advisors, Investment Group, Constellation, Services, Microsoft Locations: It's, U.S, Wells

☆ 'The real AI darling': This data-center stock has beaten Nvidia by 310% since last year's blockbuster earnings
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The firm notes that Vertiv, which makes power and cooling equipment for data centers, has beaten Nvidia by 315% over the past year. Much of that stems from the advanced chips that power AI on — such as the ones Nvidia produces — requiring significantly more electricity to operate. "Power used by AI applications is expected to grow at a 25-33% CAGR over the next few years." AdvertisementAs Nvidia gears up for its earnings season on Wednesday, expectations remain strong, Bank of America said. Previously, Goldman Sachs had similarly outlined broadening AI investment, characterizing Nvidia as the first of four phases.

Persons: —, They're, Nvidia's, Vertiv, outpacing, BofA, Bank of America BofA, Steve Eisman, it's, NVDA, Goldman Sachs Organizations: Bank of America, Nvidia, Service, Vertiv

☆ At least 4 deaths in Houston, official says, as storms bring ‘life-threatening’ flood risk to Texas and Louisiana
▼ + stars: | 2024-05-16 | by ( Joe Sutton | Elizabeth Wolfe | ) edition.cnn.com time to read: +9 min

More than 100,000 are also in the dark in Louisiana as storms batter the state, as well. Parts of Texas and western Louisiana are under a rare Level 4 of 4 high risk of excessive rainfall Thursday, the Weather Prediction Center said. Major flooding has prompted water rescues in at least one Texas city. Texas and Louisiana have been in the bull’s-eye of seemingly unrelenting rounds of torrential, flooding downpours since the start of April. A tornado warning had been issued earlier Thursday evening in Harris County, including downtown Houston, according to the National Weather Service.

Persons: Samuel Peña, John Whitmire, Houston Mayor John Whitmire, Houstonians, what’s, Hurricane Harvey Organizations: CNN, Houston Fire, Hyatt, Weather Prediction, WPC, National Weather Service, Houston, KPRC, Houston Astros, Oakland Athletics, Houston Mayor, Centerpoint, METRO, Training, Florida Panhandle, Regional Climate Center ., Hurricane Locations: Houston, Hyatt Regency, Texas, Louisiana, Bryan, United States, Georgia, Waco, Mississippi, Lake Charles , Louisiana, Harris County, Harris, city’s, Gulf, Alabama, Florida, Shreveport , Louisiana

☆ Goldman says buy call options in these stocks set to benefit from an AI-driven energy demand surge
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

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

☆ Opinion: A Russian weapon could wipe out US space edge
▼ + stars: | 2024-05-15 | by ( Clayton Swope | ) edition.cnn.com time to read: +7 min

Here, the NanoRacks-Remove Debris satellite is deployed from the International Space Station in 2018. Before revelations about Russia’s development of a nuclear anti-satellite weapon, there had been indications of global recognition that the use of certain space weapons was bad for everyone. The proposed defense budget for 2025 does not reflect the scale and urgency of the need to counter space threats and protect space systems. Learning how to operate satellites in a space environment clogged with debris or increased radiation caused by a space weapon is also important. We need a two-pronged effort to prepare for the worst: Double down on efforts to protect and maintain access to space in a hostile space environment and consider how to operate without space.

Persons: Clayton Swope, Mike Turner, Estonia’s, —, Vassily Nebenzia, Frank Herbert’s Organizations: Aerospace Security, International Security, Center for Strategic, International Studies, CIA, CNN, Clayton, Clayton Swope Center, Strategic, United, US, Intelligence, Ohio Republican, International Space Station, NASA, GPS, Finnair, United Nations, UN, Twitter Locations: Washington , DC, Russian, United States, Russia, Ohio, Vietnam, Guadalcanal, Iwo Jima, Tartu, China, Moscow

☆ U.S. energy panel approves rule to expand transmission of renewable power
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +6 min

Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.

Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, ″, Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S

☆ Top Wall Street analysts are feeling confident about these 3 stocks after earnings
▼ + stars: | 2024-05-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Silberman noted that U.S. same-store sales growth of 5.6% reflected broad-based momentum, with improved traffic experienced in carryout and delivery. She added that the traffic growth was driven by Domino's revamped loyalty program, strong value proposition, operations and innovation. The analyst also noted that DPZ is benefiting from increased contributions from Uber Eats, thanks to growing marketing efforts and awareness. The analyst thinks that the company's strategic initiatives will enhance same-store sales growth and drive meaningful restaurant margin expansion in the near and long term.

Persons: Lauren Silberman, Silberman, Domino's, Uber, TipRanks, BTIG, Peter Saleh, Saleh, Baird, William Power, Power Organizations: Wall Street, U.S, Deutsche Bank, Investors, Apple's, Apple Locations: China, TipRanks

☆ Here’s what North American airline passengers think about the state of air travel
▼ + stars: | 2024-05-08 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.

Persons: –, Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, ”, Taylor, “, ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America

☆ Opinion: Why Gérard Depardieu hasn’t been ‘canceled’
▼ + stars: | 2024-05-08 | by ( Opinion Caroline Séquin | ) edition.cnn.com time to read: +10 min

Accusers stepped forward in 2018, as the #MeToo movement was taking off. Victims of sexual violence, consequently, often say they feel less isolated than they used to. Join us on Twitter and FacebookThere is, perhaps, one way in which the detractors of the #MeToo movement have a point. All of them — colleagues, neighbors or blood relations — more often than not, are able to maintain their status and privilege of their professions, despite allegations of sexual violence. It remains unclear whether the French will at long last “cancel” Gérard Depardieu, even if one or both trials find him guilty of sexual violence.

Persons: Caroline Séquin, ”, Gérard Depardieu, Caroline Sequin, Depardieu, Jacques Chirac, “ Depardieu, —, Le Figaro, it’s, ” Depardieu, Emmanuel Macron, “ I’m, he’s, …, ” Macron, Carla Bruni, Nicolas Sarkozy, Harvey Weinstein’s, Sandra Muller, “, she’s, Le, Catherine Deneuve, men’s, that’s, MeToo, Camille Kouchner’s, ” Gérard Depardieu Organizations: Lafayette College, CNN, CNN —, Legion, Mediapart, France, Le Monde, French Interior Ministry, Twitter Locations: Easton , Pennsylvania, France, French, Colonial Senegal, CNN — France, United States, Familia Grande

☆ Giant Batteries Are Transforming the Way the U.S. Uses Electricity
▼ + stars: | 2024-05-07 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +17 min

Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.

Persons: …, ”, Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., “, Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, “, United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento

☆ Goldman is bullish long term on nuclear power and uranium. This stock is a key way to gain exposure
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Goldman has raised Cameco's 12-month stock price target by $1 to $56, implying 15.7% upside from Friday's close. CCJ YTD mountain CCJ 3-mo chart "We continue to see CCJ as a key means of gaining exposure to the entire value chain of uranium," Goldman analysts lead by Neil Mehta told clients in a note Monday. Though Cameco's sales of 7.3 million pounds of uranium in the quarter missed guidance of 8.25 million pounds, the company maintained its full-year guidance of 32 million pounds to 34 million pounds. Governments around the world increasingly view nuclear power as a key pillar of the energy transition because the technology can provide reliable carbon-free energy at a time when electricity demand is rising. Western countries are seeking secure supplies of uranium to support a nuclear buildout, rather than relying on Russia or neighboring Kazakhstan.

Persons: Goldman Sachs, Goldman, Cameco, Neil Mehta, Mehta, Joe Biden Organizations: Uranium, The U.S, Senate Locations: Friday's, Canada, Russia, Kazakhstan, The, Russian

☆ AI could drive a natural gas boom as power companies face surging electricity demand
▼ + stars: | 2024-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

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

☆ The next airport terminal lounge or club you pass may also be a bank branch
▼ + stars: | 2024-05-03 | by ( Kevin Williams | ) www.cnbc.com time to read: +9 min

"One woman wanted to rent my office to work," remembers Lisa Slocum, the airport Fifth Third Bank branch manager. Capital One closed its branch at Washington, D.C.'s Dulles International Airport in 2020, instead creating "airport lounges" for cardholders in Dulles, along with similar spots at airports in Denver and Dallas. Yet full-service airport bank branches are a relative rarity, surprising in a retail landscape that often resembles an upscale mall more than a terminal. Fifth Third BankWells Fargo operates a full-service branch in Las Vegas's Harry Reid International Airport, and according to a bank spokeswomen, has a multi-year relationship with the airport that involves both the branch and multiple ATMs throughout terminals. McAdam says ATMs and advanced-function kiosks are one thing, but a full-service branch, except maybe in the largest markets, is overkill.

Persons: Kevin Williams Nicolette Nelson, Nelson, It's, Lisa Slocum, Slocum, Hannah Thelen, Ashley Thelen, Mindy Kershner, CVG's, Marketing Brent Andersen, Andersen, that's, Chase, John Sieg, Sieg, Harry Reid, Wells Fargo, Brian Davis, Paul McAdam, Power, McAdam Organizations: Northern, Northern Kentucky International, Fifth Third Bank, Fifth, Bank, TSA, Third, Dulles, Airport, Capital One, Washington , D.C, Wings Credit Union, Paul International Airport, Wings, Marketing, JPMorgan Chase, PNC, Sky, Fifth Third Bank Wells, Harry Reid International Airport, Truist Bank, Hartsfield, Jackson Atlanta International Airport, Financial Locations: Fairbanks, Cincinnati, Northern Kentucky, Spain, Washington ,, cardholders, Dulles, Denver, Dallas, it'd, Kentucky, Minneapolis, St, Las, Vegas, New York City, New York

☆ Biden administration to require advanced safety tech on all new cars and trucks
▼ + stars: | 2024-04-30 | by ( Rob Wile | Tom Costello | ) www.cnbc.com time to read: +3 min

The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology by the end of the decade. They will also require braking at up to 45 mph when a pedestrian is detected. Automatic emergency braking "prevents collisions. It said that technologies like automatic emergency braking have proven "game changing" and that automakers have voluntarily committed to install them on new vehicles. Buttigieg acknowledged the technology is still being perfected — one reason the requirement won't take effect until the end of 2029.

Persons: Biden, Pete Buttigieg, Buttigieg, hadn't, Kathleen Rizk, Power's, Rizk Organizations: U.S ., Transportation Department, Alliance for Automotive Innovation, Governors Highway Safety Association, Research, Consumers, Drivers Locations: San Francisco , California

☆ Bill Gates Is Still Pulling Strings at Microsoft, Overseeing AI Ideas
▼ + stars: | 2024-04-29 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +13 min

In fact, Business Insider has learned, Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes. The company, Nadella promised, would "continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward." According to two executives, Gates' memo treated as gospel, sparking Microsoft's push to take the lead in the AI arms race. Now, it seemed, OpenAI might offer Microsoft a way to help forge the AI future that Gates had long envisioned. According to two executives, Gates' words were treated as gospel, helping spark Microsoft's push to take the lead in the AI arms race.

Persons: Bill Gates, Satya Nadella, Gates, Siri, They're, Clippy, Copilot, That's, Sam Altman, — Gates, Satya, Nadella, Steve Ballmer, Peter Thiel bashed, Bill, Melinda, Jeffrey Epstein, Nadella's, Rather, OpenAI, Kevin Scott, Scott, Altman, you'll, OpenAI's, Bing —, Bing, Steve, Sam, Kayla Wood, Frank Shaw, Shaw, —, Charles Lamanna, Jaime Teevan, Jeff Teper, Charlie Bell —, He's, Forbes, Mustafa Suleyman, DeepMind, Bill G, Suleyman, aren't, hadn't, there's, Ashley Stewart Organizations: Microsoft, Agents, Business, Google, Wired, Street Journal, Rover, Steve Jobs, OpenAI, Amazon Web Services Locations: Tay, Gates, Clippy, Washington, Redmond , Washington, Seattle

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