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☆ Lightning Round: I like Enbridge and trust its management team, says Jim Cramer
▼ + stars: | 2024-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I like Enbridge and trust its management team, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Lazard, Enbridge, Advanced Drainage Systems, AST SpaceMobile, Zebra Technologies, Sarepta Therapeutics, Palantir, and more.

Persons: Jim Cramer, Lazard Organizations: Enbridge, Systems, Technologies, Sarepta Therapeutics

☆ Inflation data commands center stage next week and provides a test for the market rally
▼ + stars: | 2024-05-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.

Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero, JD.com, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics, Despegar.com, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City

☆ Heavy Rains and Floods Sweep Cities Across East Africa
▼ + stars: | 2024-04-25 | by ( Abdi Latif Dahir | ) www.nytimes.com time to read: 1 min

At least 200 people were killed and dozens more were injured across East Africa in recent days, officials and aid groups said, as torrential rains, floods and landslides pummeled towns and cities in a region already grappling with the devastating effects of the climate change crisis. The extreme rains unleashed a wave of destruction across Tanzania, Kenya and Burundi, flooding homes, demolishing businesses and leaving many people stranded on rooftops. The downpours exposed yet again the bad roads and poor drainage systems in some of the region’s biggest cities, which residents have persistently complained about. They also revealed how poor people, who live in sprawling shantytowns without access to proper roads, water or power, bear the biggest brunt of destructive floods.

Organizations: East Locations: East Africa, Tanzania, Kenya, Burundi

☆ Nowhere for the water to go: Dubai flooding shows the world is failing a big climate change drainage test
▼ + stars: | 2024-04-21 | by ( Michelle Castillo | ) www.cnbc.com time to read: +2 min

The Dubai flooding last week illustrated how urban engineering is failing a major climate change test. The United Arab Emirates' city and others like it built on previously uninhabitable areas reflect 20th century urban development ideas that result in the blocking of natural water absorption systems. What's known is that Dubai was built on sand, a natural environment which lets water seep into the soil very easily. But by pouring massive amounts of concrete on top of Dubai's natural terrain, the developers effectively blocked the soil from absorbing water. Plastic products don't absorb water well, and when they end up in landfills around the world, massive piles of trash contribute to a global backup of natural drainage systems.

Persons: Ana Arsky, Arsky Organizations: United Arab, UAE, CNBC Locations: Sharjah, UAE, Dubai, United Arab Emirates, it's

☆ How Long Does New York Take to Fix a Staircase? 10 Years and Counting.
▼ + stars: | 2024-03-28 | by ( Jay Root | ) www.nytimes.com time to read: 1 min

Ten years ago, the agency overseeing the upkeep of the majestic New York State Capitol reported that the granite staircase leading to the main entrance was warped and bulging so badly that part of it might collapse at any moment. Inspectors discovered leaning balustrades, rusted steel supports, cracked and displaced granite, failed drainage systems and load-bearing brick walls so weakened by time and neglect that individual bricks could be removed by hand. A thorough repair, estimated at $17 million, was recommended. Instead, only a handful of urgent fixes were made. The entrance, known as the Eastern Approach, has been closed to this day, with access-blocking barricades now a familiar part of the downtown landscape.

Organizations: New York State Capitol

☆ Rising temperatures and floods leave cities with hefty bills. Startups are working to help them adapt to climate risks.
▼ + stars: | 2024-03-26 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +10 min

All of this has given rise to climate adaptation, a sector that aims to mitigate against and adapt to the risks associated with climate change. For James Brennan and Navjit Sagoo, two of the scientists behind climate risk analytics startup Climate X, it is imperative that adaption efforts go hand in hand with those working to curb rising temperatures. Indeed, Bank of America analysts predicted the climate adaptation industry would be worth $2 trillion a year by 2026. Climate X made its calculations based on the UN's Intergovernmental Panel on Climate Change's RCP8.5 scenario, which has been deemed to be a "very high" baseline for emissions. Mike Segar/ReutersAll hands on deckThe need for climate adaptation is clear but often overlooked until an extreme weather event occurs, according to Landesman and Chaudhury.

Persons: —, James Brennan, Navjit Sagoo, Abrar Chaudhury, Autarc, Bill Gates, Tucker Landesman, Helge Jørgensen, Mike Segar, Brennan, Sagoo Organizations: Service, Business, Bank of America, Climate, X, Deloitte, University of Oxford's, Business School, New York Times, New, London, Fabian Society, Tech, Breakthrough Energy Ventures, Goldman Sachs, Management, Air, International Institute for Environment, Development Locations: London, New York City, New York, California, Autarc , Massachusetts, Medellin, Colombia, Europe, PitchBook, Mamaroneck, Westchester County , New York, U.S

☆ Jim Cramer looks outside the Magnificent Seven, names other companies with shares that are popping
▼ + stars: | 2024-02-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday encouraged investors to look beyond the Magnificent Seven, saying there's money to be made in other companies. Cramer named several stocks that have seen percentage gains of 10% or higher since Tuesday's close. Trucking company XPO caught Cramer's eye as its stock was able to soar thanks to a better-than-expected quarter. Cramer also named infrastructure company Advanced Drainage Systems , saying there's so much activity in the sector it's not hard to make money there. Some stocks are seeing gains thanks to innovative new tech, he added, pointing to the recent climb of Regenxbio .

Persons: CNBC's Jim Cramer, Cramer, XPO, we've Organizations: Trucking, Nvidia, Broadcom, Drainage Systems

The rare torrent of rain that slammed the San Diego area on Monday forced numerous residents to navigate life-threatening scenes that they had trouble believing even as they recounted them. “What happened yesterday was extraordinary,” said Todd Gloria, the mayor of San Diego. On Tuesday, officials assessed the devastation in a region where very few residents have flood insurance. The record pace of the rainfall — a deluge of nearly three inches in three hours — had quickly overwhelmed drainage systems. According to the National Weather Service, it was the fourth greatest total for any day in recorded San Diego history, going back to 1850.

Persons: ”, Todd Gloria, — Organizations: National Weather Service Locations: San Diego, Diego

People who claimed the power to control nature and the energy resources around them saw the environment as a tool to be used for progress, historians say. Over hundreds of years, that impulse has remade the planet's climate, too — and brought its inhabitants to the brink of catastrophe. Tapping nature for its resources drove progress and productivity for some, but it's also been a major driver of emissions and environmental degradation. By the mid-19th century, steam power was adopted in manufacturing, cotton mills, steam ships and locomotives around the world, turning coal into a global trade. Centuries later, the United Kingdom has nearly weaned itself off coal, with weeks or months at a stretch where the national grid gets no coal power.

Persons: ”, Luis Zambrano, it's, Anya Zilberstein, ” Zilberstein, Vera S, Candiani, Jan Golinski, “, ” Golinski, Deborah Coen, Andreas Malm, Barak, it’s, J.R, McNeill, ” McNeill, Victor Seow, Elizabeth Chatterjee, “ Indira Gandhi, Chatterjee, Joshua Howe, Howe, Yale's Coen, —, ” Howe, Fredrik Albritton Jonsson, Jonsson Organizations: National University Autónoma, Concordia University, Mexico City —, America, Princeton, University of New, Yale, Lund University, Tel Aviv University, Laboratory, Global, Project, Energy, Georgetown University, Communist, University of Chicago, Reed College, . Environmental Protection Agency, U.S, AP Locations: Nations, Mexico, Lake Texcoco, Montreal, Spanish, University of New Hampshire, Maui, Britain, Sweden, ”, India, Egypt, Nigeria, Ottoman Empire, United Kingdom, Cumbria, England, Wales, Scotland, China, Japan, U.S, Europe, United States, British, Portland , Oregon

☆ Heavy rain hits north Vietnam, halting traffic in Hanoi
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

HANOI, Sept 28 (Reuters) - Heavy rain from a tropical depression hit northern and north-central Vietnam, causing flooding that halted traffic in the capital Hanoi and sparked warnings of landslides on Thursday. Some Hanoi districts recorded up to 250 mm (10 inches) of rain on Thursday morning, according to the national weather centre. Downpours have pounded Hanoi since early Thursday morning, submerging streets, Reuters witnesses said, with traffic turning chaotic at intersections and flood waters rising calf-high in some districts. [1/4]People make their way through a flooded street after heavy rains in Hanoi, Vietnam September 28, 2023. Vietnam is prone to destructive storms and flooding, with 451 people killed or missing last year in natural disasters such as floods and landslides, according to government statistics.

Persons: Thinh Nguyen, Eurocham, Phuong Nguyen, Sonali Paul Organizations: REUTERS, Thomson Locations: HANOI, Vietnam, Hanoi, EU

Houses at the Redhill Peninsula, a luxurious residential estate in the Tai Tam area of Hong Kong, on September 13. She was referring to the Hong Kong International School, one of the most prestigious in town. Flooded roads after heavy rains in Hong Kong on September 8. Typhoon Saola, which barreled through Hong Kong on September 1, was the strongest to hit the city in five years. Scientists say climate change will make such weather events only more frequent and some are urging Hong Kong to rethink its rain mitigation strategy.

Persons: Hong Kong CNN —, Feng Shui, –, Benny Chan, Chris Lau, ”, Tyrone Siu, Saola, Haikui, Hong Kong, Leung, ” Leung, Mai, Ray Su, Su, wouldn’t, John Lee, Chan, ” Chan, “, Chan Kim Organizations: Hong Kong CNN, South China, Hong Kong Institute of Architects, CNN, Redhill, Porsche, Rover, Ferrari, Hong Kong International School, RTHK, University of Hong, Hong Kong’s Buildings Department, Liber Research Locations: Hong Kong, South, tycoons, Redhill, Tai Tam, Malibu, Los Angeles, “, Hong, University of Hong Kong

☆ Billions in federal infrastructure spending could be wasted due to outdated government rainfall models
▼ + stars: | 2023-06-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +5 min

The government's precipitation expectation model from the National Oceanic and Atmospheric Administration, or NOAA, is called Atlas 14. "It leverages the best available historical precipitation data that was available the time that the study was performed." It is not the only state using Atlas 14 to inform its infrastructure projects. "I can't speak to how some of those engineering decisions are made," Salas said when asked if Atlas 14 should still be used. There are multiple climate risk modeling firms with vast precipitation forecasting data, but most charge for it, and states already have the Atlas 14 data.

Persons: it's, Matthew Eby, Fernando Salas, Salas, Eby, Stephen Schapiro, " Salas Organizations: Biden administration's Infrastructure Investment, Jobs, First Street Foundation, National Oceanic, Atmospheric Administration, NOAA, Geo - Intelligence Division, National Weather Service, ., Infrastructure, state's Department of Transportation, New, New Jersey Department of Transportation, NJ Department of Environmental Locations: United States, Upper Midwest, New Jersey

☆ China’s world banks are geopolitical victims
▼ + stars: | 2023-06-15 | by ( Una Galani | ) www.reuters.com time to read: +4 min

MUMBAI, June 15 (Reuters Breakingviews) - China’s “World Bank” tried in vain to carefully thread the geopolitical needle. Fairly or not, critics have lambasted China’s lending practices along the BRI as “debt trap diplomacy”. Whereas the smaller AIIB did things more the way developed countries wanted, even taking positions at odds with Beijing’s. Pickard alleged on Twitter that AIIB was an instrument of China, dominated by Communist party members who “operate like a secret police”. The AIIB said the comments by Pickard, who had served in his role since March 2022, were “baseless and disappointing”.

Persons: Bank ”, Bob Pickard, Jin Liqun, Pickard, AIIB, Chrystia Freeland, Pete Sweeney, Thomas Shum Organizations: Reuters, Bank, Infrastructure Investment Bank, Twitter, Communist Party, World Bank, Initiative, Beijing, International Monetary Fund, New Development Bank, Canadian, Communist, Department of Finance, Finance, Thomson Locations: MUMBAI, Canada, Beijing, India, France, Asia, Africa, Latin America, Argentina, Pakistan, Russia, Ukraine, China, Ottawa, Shanghai, Saudi Arabia

☆ A lost medieval city that legend says was swallowed by the sea as punishment for its carnal sins mapped for the first time
▼ + stars: | 2023-06-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

The legend says that the city of Rungholt was destroyed as revenge for its inhabitants' sins. Researchers say such finds provide unparalleled insights into the lives of the North Frisian peopleTop editors give you the stories you want — delivered right to your inbox each weekday. Legend has it that the once thriving city, which now sits off the coast of northern Germany, was swallowed by the North Sea in a single night following a heavy storm as punishment for its inhabitants' sins. In medieval legends, the sound of its bell tower could be heard from the depths of the North Sea. The press release says that investigations into the tidal flats continued to "bring to light significant new finds" and provided unparalleled insights into the lives of the North Frisian people.

Persons: —, drunkards, Ralf Roletschek, Dennis Wilken, Hanna Hadler Organizations: Service, The Times, Christian, Albrecht University, Kiel University, Institute, Mainz University Locations: Rungholt, Germany, North, Wadden, Kiel

☆ A body odor buffet reveals which scents attract mosquitoes
▼ + stars: | 2023-05-19 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +7 min

CNN —Anyone who has spent a summer evening swatting away mosquitoes, or a summer day scratching mosquito bites, can agree: Mosquitoes stink. In a scientific report published Friday, scientists helped pinpoint the different chemicals in body odor that attract these insects by building an ice-rink size testing arena and pumping in the scents of different people. Hundreds of mosquitoes in the main 20-by-20-meter facility were then treated to a buffet of the sleeping subjects’ scents. The researchers found what many who have been on a picnic would attest to: Some people attract more mosquitoes than others. (Vosshall said that even scrubbing with unscented soap doesn’t get rid of the natural scents that attract mosquitoes.)

☆ These smaller stocks have nearly 30% upside, according to Barclays
▼ + stars: | 2023-04-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Although small-cap stocks have taken a hit in recent weeks, Barclays Capital has several picks in the sector that it expects to have significant upside. The following names show strong upside potential, with a median upside to price target of 28%. Powell has a price target of $24 on the REIT, which represents 52% upside from where shares closed on Tuesday. Barclays sees an upside of 37% for the stock since Tuesday's close. Retailer Dick's Sporting Goods , water management products manufacturer Advanced Drainage Systems and US Foods are companies Barclays expects to benefit from expanding margins through strong sales growth and declining costs.

☆ See the exclusive 22-slide pitch deck that AI company 4M Analytics used to raise $45 million in Series A funding
▼ + stars: | 2022-09-20 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

4M Analytics uses AI and other tools to create its 'Google maps' for underground utilities. 4M Analytics, which uses technology and resources like artificial intelligence, satellite imagery and records to locate underground utility infrastructure, has raised a total of more than $45 million in Series A funding. The latest was an extension of its Series A round — led by Insight Partners and ITI Venture Capital Partners — which raised some $30 million. "We saw the market of subsurface utility engineering and the manually intensive processes of creating maps," Malka said. 4M Analytics' technology to create these underground maps does not use sensors — it uses just satellite imagery, records, and a data engine to identify utility infrastructure underground, according to the company.

☆ Water's edge: the crisis of rising sea levels
▼ + stars: | 2014-09-04 | by ( Reuters Graphic | ) www.reuters.com time to read: +20 min

But sea levels have been rising for 100 years in Baltimore.”ROCKET SCIENCEThe irony is evident at Wallops Flight Facility. Yet this bastion of climate research has been slow to apply the science of sea level rise to its own operations. Reviewers from state and federal agencies criticized the 348-page document for failing to adequately take rising sea levels into account in the project design and impact, or to temper future plans for expansion. Joshua Bundick, Wallops’s environmental planning manager, explained that he distilled the issues “down to only the highest points,” and sea level rise wasn’t among them. The cost to American taxpayers of repeated destruction of the parking lot and causeway from rising sea levels would only increase, Fish and Wildlife officials said.

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