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In a Telegram post late Tuesday, Zelenskyy said he had “discussed the implementation of the peace formula” with Erdoğan. But the Turkish leader appeared to dash any hopes of a fast-track to NATO membership in his interview with NBC News. Turkey's President Recep Tayyip Erdoğan speaking to NBC News' Chief International Correspondent Kier Simmons in New York on Tuesday. Erdoğan linked Sweden’s NATO membership to the U.S. Congress’ approval of a Turkish request to purchase 40 new F-16 fighter jets and kits to modernize the country’s fleet. “Unfortunately, many Western countries remain silent in the face of Israel, and they never took a stance against Israel,” Erdoğan said, adding: “Amongst the NATO allies, unfortunately, there are many countries siding with Israel.
Persons: , Recep Tayyip Erdoğan, Erdoğan, don’t, Volodymyr Zelenskyy, Joe Biden, Staff Andrii Yermak, Zelenskyy, , Kier Simmons, Natasha Lebedeva, ” Erdoğan, Benjamin Netanyahu, Ali Jadallah, ” Biden Organizations: NATO, NBC News, United Nations General Assembly, Staff, Telegram, International, NBC, U.S . Congress, Israeli, Israel, Awda, Getty Images Health, America’s Locations: Russia, New York, Ukraine, Sweden, Finland, Turkey, Syria, Brazil, India, China, South Africa, Moscow, Washington, Gaza, Al, Gaza City, Anadolu, Israel, United States, U.S
In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Around the world, transport startups are embracing electric vehicles, and those in Africa are no different. In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Uncover , a Kenyan skincare brand, says it wants to fill this gap by providing healthy cosmetics that put African women first. ‘‘We want to be the Airbnb of vehicle rentals in Africa and ultimately the world,” Arinze says.
Persons: Chinazom Arinze, ” Arinze, , Spiro, Clement Di Roma, Simon Maina, Prince William’s, James Oatway, there's, Edwin Maina, Arinze, , Autogirl, hasn’t, she’s, , , Airbnb, Organizations: CNN, Babcock University, Getty, Reeddi Technologies, The Royal Academy of Engineering, Kenyan, Hertz, Hyundai, Lexus Locations: Nigeria, Benin, Kenya, Africa, AFP, China, Cameroon, Rwanda, Ghana
WASHINGTON — Protesters in some U.S. cities demonstrated on Tuesday against American military support for Israel as risks have risen of a full-fledged conflict in the Middle East, with anti-war activists demanding an arms embargo against the U.S. ally. The United States has maintained support for its ally during this war despite domestic and international criticism. Fatih Aktas / Anadolu via Getty ImagesIn May, Biden said U.S. support for Israel was “ironclad”, while also calling for an immediate ceasefire. The situation has raised concerns of a widened regional war that could destabilize the Middle East. Leaders of different United Nations member states met this week in the United States with the situation in the Middle East being top of the agenda.
Persons: , “ Biden, Harris, Trump, Joe Biden, Kamala Harris, Donald Trump, Benjamin Netanyahu, , Fatih Aktas, Biden, ” Biden Organizations: Protesters, Palestine, Bibi, Israeli, U.S ., Phoenix, United, Getty, Israel, Jewish American Heritage, White, Court, United Nations Locations: WASHINGTON, Israel, U.S, Herald, New York City, Lebanon, , Washington, Gaza, San Francisco, Seattle, San Antonio, United States, Anadolu, Palestinian, Lebanese, Iran
PHUKET, Thailand — Thailand’s landmark marriage equality bill has been endorsed by the monarchy, making it the first country in Southeast Asia and the third place in Asia to recognize same-sex marriage. It will take effect in 120 days, allowing LGBTQ couples to register their marriages starting Jan. 22. “Congratulations on everyone’s love,” Prime Minister Paetongtarn Shinawatra said in a post on X that included the hashtag #LoveWins. Thailand, one of the most popular tourist destinations in Asia, is known for its tolerance and vibrant LGBTQ social scene, but it also retains conservative social values that made passing the law a yearslong struggle for activists. Taiwan was the first place in Asia to allow same-sex marriage in 2019, followed last year by the South Asian country of Nepal.
Persons: King Maha Vajiralongkorn, , Paetongtarn Shinawatra Organizations: Royal Gazette, Locations: PHUKET, Thailand, Southeast Asia, Asia, LoveWins, Taiwan, Nepal, Beijing
Wells Fargo upgrades Baker Hughes to overweight from equal weight Wells says it likes the oil service company's business model. Morgan Stanley upgrades AutoNation to overweight from equal weight Morgan Stanley says AutoNation is well positioned in a bumpy macroeconomic environment. Morgan Stanley reiterates Apple as overweight Morgan Stanley says it's remaining cautious after checks of iPhone 16 demand for Apple. Morgan Stanley downgrades Ford to equal weight from overweight and General Motors to underweight from equal weight Morgan Stanley downgraded several automakers on Wednesday and said it's concerned about market share losses. Morgan Stanley reiterates Nike as equal weight Morgan Stanley raised its price target on Nike to $82 per share from $79 ahead of earnings on October 1.
Persons: Wolfe, Sallie Mae, it's bullish, Wells, Baker Hughes, Piper Sandler, Tesla, Piper, Morgan Stanley, AutoNation, Mike Manley, Duolingo, MARA, CORZ, Piper Sandler downgrades Tyson, it's, Oppenheimer, GOOG's, Baird, Locker Baird, Apple, TD Cowen downgrades Expedia, Cowen, Goldman Sachs, Goldman, Morgan Stanley downgrades Ford, Roblox Organizations: APO, Bank of America, Macquarie, Tyson Foods, Barclays, Hewlett Packard Enterprise, DOJ, Google, Foot, Apple, ISI downgrades, Pacific, Evercore, UNP, Disney, JPMorgan, Oil & Gas, Petrobras, Motors, GM, Citi, Investors, Nike Locations: CLSK, Foot Locker, Mexico, China, Fortnite
"I was sort of raised that you do a hard day's work and you're honest, and things will work out for you — it's a two-way street between you and your employer," he says. After publishing the article about Gen Z's predisposition to take time away, I got a lot of feedback from older generations. Some of it was predictable "the kids these days" complaints lamenting that nobody wants to work nowadays, that work ethic has disappeared, etc. "When you work for yourself, you're working for one of the biggest jerks you've ever worked for," he said. None of the boomers I talked to was in favor of people calling out of work willy-nilly.
Persons: Ron Sherman, Sherman, Gen, youngs, wasn't, Zoomers, who's, they're, It's, millennials, David Johnston, Johnston, You've, he'd, There's, Dave Kotwitz, Kotwitz, Charlie Stuart, He'd, David Vequist, Paul Miola, Miola, boomer, Xers, Chris Woods, they'd, Woods, that's, willy, nilly, it's, you'd, Emily Stewart Organizations: American, Silvis, Business Locations: Wisconsin, Texas, Charlotte , North Carolina
Vistra overtakes Nvidia as S&P 500's top gainer in 2024
  + stars: | 2024-09-25 | by ( ) 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 EmailVistra overtakes Nvidia as S&P 500's top gainer in 2024Steve Fleishman, Wolfe Research utilities analyst, joins “Squawk on the Street” to discuss Vistra overtaking Nvidia as the S&P 500's top gainer for the year, energy futures, and more.
Persons: Steve Fleishman, Squawk Organizations: Nvidia, Wolfe Research
CNN —Russia is planning to attack Ukrainian nuclear power plants, aiming to disconnect them from the energy grid, Ukrainian President Volodymyr Zelensky told the United Nations, warning such attacks risk “nuclear disaster”. Zelensky told the UN General Assembly “radiation does not respect state borders.”Since Russia “can’t defeat our people’s resistance on the battlefield,” Zelensky said Russian President Vladimir Putin is “looking for other ways to break the Ukrainian spirit.”For a third winter, Russia is stepping up its strikes on Ukraine’s energy grid in a bid to leave Ukrainians in the “dark and cold,” Zelensky said. In his speech Zelensky recalled the “horrifying” moment in the first weeks of the war when Russian attacks on the Zaporizhzhia Nuclear Power Plant (ZNPP), the largest in Europe, stirred fears among Ukrainians of another Chernobyl-style disaster. “No one could know how Russian strikes on the nuclear facility would end, and everyone in Ukraine was reminded of what Chernobyl means,” he said. Two-and-a-half years later, Zelensky warned the ZNPP remains “at risk of a nuclear incident.”This is a developing story and will be updated.
Persons: Volodymyr Zelensky, Zelensky, Russia “, ” Zelensky, Vladimir Putin, Joe Biden, Organizations: CNN, United Nations, UN, Assembly, United Locations: Russia, , Europe, Ukraine
The UAE president’s visit to the US “was mostly and almost exclusively about the future,” Gargash said. One of the US’ closest allies in the Middle East and a major recipient of US arms, it hosts 5,000 US military personnel. Wary of being deprived of US technology, the UAE has since abandoned closer cooperation with China in the field of AI and semiconductors in favor of the US. Earlier this year, Abu Dhabi’s state-backed technology firm G42 announced it had agreed not to engage with Chinese companies for advanced technology. He said the two pillars of the UAE’s policy are stability and prosperity.
Persons: Biden, Kamala Harris, Jake Sullivan, Sheikh Mohammed bin Zayed, , ” Biden, ” Sheikh Mohammed, ” Anwar Gargash, CNN’s Becky Anderson, ” Gargash, Abu, Donald Trump, Abu Dhabi’s, , Sheikh Mohamed, Gargash, Abu Dhabi Organizations: Abu Dhabi CNN, United, White, National, USA, UAE, Abu Dhabi, US Air Force, CNN, Biden, Huawei Technologies, Financial Times, NVIDIA, Blackrock, Microsoft, MGX Locations: Abu Dhabi, United Arab Emirates, Gaza, Lebanon, UAE, trailblazers, United States, Israel, China, Washington, Abu
New Delhi CNN —India has confirmed its first case of a deadlier strain of mpox, which has raised alarm among health officials around the world over the rapid pace of its spread. On Wednesday, the state’s Health Minister Veena George hailed Kerala’s “robust health care system” for detecting the case. The strain has since been detected in several countries outside Africa, including Sweden and Thailand. Mpox, formerly known as monkeypox, is a viral disease that can spread easily between people and from infected animals. Clade II was responsible for a global outbreak that WHO also declared a global health emergency from July 2022 to May 2023.
Persons: Veena George, Kerala’s, Dr, Shubhin, , George Organizations: New, New Delhi CNN, state’s, Democratic, World Health Organization, WHO, CNN, Authorities, Health Locations: New Delhi, India, Kerala, Dubai, Democratic Republic of Congo, Africa, Sweden, Thailand, Mpox, Kerala’s Mallapuram
The nuclear fusion prototype generates a glowing orb of plasma. Nuclear fusion reactors that can generate fusion are usually much larger, like this now-retired Tokamak Fusion Test Reactor at PPPL. It can't produce nuclear fusion, but it can achieve plasma, which is where nuclear fusion takes place and is a major step in the overall process. How Nazoordeen made his nuclear fusion prototype from scratchNazoordeen wasn't afraid to ask for help. Everything you need to make a nuclear fusion prototype can probably fit on your desk (banana included).
Persons: , Nazoordeen, He'd, Claude, I'd, Nazoordeen Nazoordeen, Uber, Carlos Paz, wasn't, Paz, Soldan, Nazoordeen's, Hudhayfa, he's Organizations: Service, Business, University of Waterloo, PPPL . Princeton Plasma Physics, eBay, Columbia University Locations: PPPL
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdell: We weren't talking about carbon emissions ten years agoAnthony Crowdell, Senior Analyst US Energy – Electric Utilities at Mizuho Americas, addresses the challenges of building new nuclear power plants, citing high costs and lengthy approvals.
Persons: Anthony Crowdell Organizations: Energy –, Mizuho Americas
He expects Oklo to break ground at the Idaho site in 2026, with plans to have the reactor up and running by the following year. The CEO acknowledged there's a risk the 2027 start date gets pushed out depending on how long the NRC review takes. The average nuclear reactor in the current U.S. fleet is around 1,000 megawatts, according to the Department of Energy. The CEO acknowledged the NRC review could delay the 2027 start date for the Idaho microreactor: "There's definitely risk. At the end of the day, we can't control the NRC review timeline," he said.
Persons: Jacob DeWitte, Oklo, DeWitte, there's, Sam Altman's SPAC, Altman, Oklo's Organizations: CNBC, Department of Energy, Idaho National Laboratory, Nuclear Regulatory Commission, AltC, Department of Energy ., Industry, Constellation Energy, NYSE, NRC, World Health Organization, Idaho Locations: Idaho, Idaho Falls, Aurora
Protesters demonstrate outside the Labour Party conference venue in Liverpool against the withdrawal of the winter fuel allowance, on September 23, 2024. “It has felt a bit blunt,” a Labour Member of Parliament admitted after Starmer’s speech Tuesday, summing up the sentiment across much of conference. Unfortunately, the realities of governing are beginning to bite the Labour Party – and it is likely he will need to show some returns far sooner. Starmer’s speech was was light on fresh content but a heckler was calmly removed and the key messages were confidently delivered. But a premiership can only survive on doom and gloom for so long, and patience is already wearing thin among much of the wider party.
Persons: Keir Starmer, , Ian Forsyth, Starmer, Taylor, , Rachael Maskell, Sir Keir Starmer, Peter Byrne, Maskell, , Boris Johnson’s, ” –, Patience, Opinium, Sunak, ” James Crouch ,, Reeves, Rachel Reeves, heckler Organizations: Liverpool, England CNN —, Labour, Protesters, Labour Party, Labour Party –, Conservative, Public, Arsenal soccer, Wembley, CNN, , London, Tory, National Health Service, Organisation for Economic Co, Development, United Nations General Assembly Locations: England, Liverpool, Starmer’s, Opinium, Britain, New York, July’s
CNBC Daily Open: Some caution might be good for markets
  + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While analysts think this move may mark the end of China's deflationary streak, many think monetary policy is not enough. How much will oil demand grow? The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.
Persons: Larry Hu, Consumer's, September's, Dow Organizations: CNBC, Dow Jones, U.S ., People's Bank of China, Macquarie, International Energy Agency, U.S, U.S . Federal, Barclays, Citi Locations: Corte Madera, Corte Madera , California, Asia, Pacific, China, U.S .
CATL Goldman is buy-rated on Chinese battery maker Contemporary Amperex Technology Co, or CATL. The company — which has a global market share of 40% — "is the largest and most innovative battery maker globally," the bank's analysts wrote. Goldman has a price target of 307 Chinese yuan ($43.65) on the stock, giving it potential upside of around 55%. Gotion Another Shenzhen-listed Chinese stock Goldman likes is Gotion High Tech . Goldman has a buy rating on Gotion at a price target of 31.40 Chinese yuan, giving it potential upside of around 66.4%.
Persons: Goldman Sachs, — CATL, CATL Goldman, CATL, Goldman, — CNBC's Michael Bloom Organizations: LG Energy, Panasonic, Samsung SDI, Amperex Technology Co, Shenzhen Stock Exchange, Battery Technology, China Clean Technology, High Tech Locations: China, Gotion, Shenzhen
Gold, traditionally perceived as a haven, has climbed roughly 30% this year, outperforming the benchmark S&P 500 index’s 20% gain. Fresh consumer confidence data on Tuesday indicated that Americans are feeling pessimistic about the US economy and future of the job market. JPMorgan Chase researchers said in a note on Monday that they expect the yellow metal to continue running toward their 2025 target price of $2,850 an ounce as the Fed brings down rates. Silver, another precious metal that tends to move in tandem with gold, has jumped roughly 34% this year, outperforming the yellow metal. New moves from China to revive its economy also has the potential to lift precious metals, said Rhind.
Persons: Jerome Powell, , Kristina Hooper, JPMorgan Chase, “ There’s, Will Rhind, Rhind Organizations: New, New York CNN, Federal Reserve, Traders, JPMorgan, Treasury, GraniteShares, Citi Locations: New York, China, Turkey, India, China’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNuclear Power Gains Momentum as Major Banks Back Its Role in Meeting Rising Energy Demands. Big banks are backing nuclear power as a vital energy source alongside renewables, driven by rising public support and growing energy demands
Persons: Banks
Read previewIn a Monday blog post, OpenAI CEO Sam Altman argued that massive investment in AI infrastructure is key to market dominance — and avoiding global conflict. "If we don't build enough infrastructure, AI will be a very limited resource that wars get fought over, and that becomes mostly a tool for rich people." Representatives for OpenAI did not respond to a request for comment from Business Insider. He noted that data centers consume tons of water for their cooling systems — some of which evaporates, so it cannot be reused. "Any human endeavor that involves an optimization challenge can be made more efficient through artificial intelligence," Coglianese said.
Persons: , Sam Altman, Altman, OpenAI, Alex de Vries, de Vries, Goldman Sachs, Shaolei Ren, he's, Ren, Cary Coglianese, Coglianese, we'll, I'm Organizations: Service, Business, Microsoft, BlackRock, White, Meta, Big Tech, University of California, University of Pennsylvania Locations: United States, United Nations, Riverside
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. How much will oil demand grow? Oil demand will experience "robust medium-term growth," reaching 112.3 million barrels per day in 2029 from 102.2 million barrels per day in 2023, according to OPEC's 2024 World Oil Outlook report. The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.
Persons: Stocks, Consumer's, September's, Dow, Goldman, Denis Coleman, Jamie Dimon, JPMorgan Chase Organizations: CNBC, Dow Jones, U.S . Federal, JPMorgan, International Energy Agency
In today's big story, the economy is heading in the right direction, but consumers aren't buying it . Things seem to be going really well for the economy, right? Consumers aren't feeling bullish about the economy these days. Last time around, pesky inflation was keeping things like groceries and housing costs high, even as the rest of the economy showed improvement. China's stimulus plan to boost its ailing economy sent emerging markets indexes to their highest level since April 2022 .
Persons: , Rebecca Zisser, We've, Insider's Juliana Kaplan, Spencer Platt, Getty, Tyler Le, We'll, Morgan, Mike Wilson, Steven Blitz, China's, aren't, Chelsea Jia Feng, weren't, Natalie Ammari, that's, Ron Sherman, Gen, Mark Zuckerberg, Dan DeFrancesco, Jack Sommers, Jordan Parker Erb, Amanda Yen Organizations: Service, Business, Federal Reserve, Conference Board, Fed, Chelsea, Spotify, Visa, US Justice Department, Prosecutors, Meta Locations: Austin , Texas, New York, London
Follow her on Instagram, Facebook and X.CNN —One of the increased dangers kids could face on social media this week comes from an unexpected source: their parents. On National Daughters Day on Wednesday, many parents will share pictures of their children on their social media feeds. But “sharenting” — when parents share pictures of their kids on social media — comes with potential risks to children. An even scarier prospect is the possibility that photos parents post could attract the attention of criminals. The parents I have spoken to across the country often tell me they are worried about what their children are doing on social media.
Persons: Kara Alaimo, , Young, “ they’re, ” Leah Plunkett, , , Plunkett, sharent, isn’t, Mark Zuckerberg, It’s Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, School, Harvard Law School, Harvard Law, Meta
We’ve had challenges getting the prime minister across the line. “We stay up nights trying to figure out a way to get across the line on this ceasefire and hostage deal. And we have spoken out directly about our concern when we’ve seen the prime minister not take steps that we think are necessary to get to that deal,” he said. Vice President Kamala Harris has frequently cited the importance of reaching a ceasefire and hostage deal but hasn’t detailed any new approach in reaching an agreement. “Ultimately the thing that is going to unlock everything else in that region is getting this deal done,” she said last week.
Persons: Biden, Joe Biden, State James Baker, George Mitchell’s, , , Bill Burns, Antony Blinken, Brett McGurk –, Blinken, Benjamin Netanyahu, We’ve, we’re, Jake Sullivan, we’ve, Sinwar, they’re, it’ll, Kamala Harris, “ I’m, I’ve, Yahya Sinwar Organizations: CNN, Hamas, State, United Nations, State Department, CIA, MSNBC, UN Locations: Gaza, Lebanon, East, Northern Ireland, New York, Israel, United States, American, Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGas prices unlikely to play a big role in US election, says energy expertDan Pickering of Pickering Energy Partners says big oil majors are proving to be slow in their decarbonization processes, and offers his view on the role of energy prices in the race for the White House.
Persons: Dan Pickering Organizations: Pickering Energy Partners, White
Boeing CEO Dave Calhoun testifies before a subcommittee of the Senate Energy and National Resources Committee on the company's safety culture, following a number of recent incidents on Boeing airplanes, Washington, DC, June 18, 2024. A U.S. Senate panel investigating Boeing 's safety culture on Wednesday faulted the planemaker's quality practices and oversight by the Federal Aviation Administration citing documents obtained in an ongoing investigation. The Senate Permanent Subcommittee on Investigations, which is holding a hearing Wednesday with FAA Administrator Mike Whitaker, said Boeing workers continue to feel pressure to prioritize speed of production over quality. Boeing said it has "taken important steps to foster a safety culture that empowers and encourages all employees to share their voice, but it will require continuous focus." The FAA did not comment but Whitaker said at a House hearing Tuesday that Boeing needed to undertake significant safety culture improvements that might not be completed for years.
Persons: Dave Calhoun, Mike Whitaker, Whitaker, Whitaker's Organizations: Senate Energy, National Resources Committee, Boeing, U.S, Senate, Federal Aviation Administration, Investigations, Democratic, FAA, Alaska Airlines, Justice Department, DOJ Locations: Washington, DC
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