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Beewise: 2024 CNBC Disruptor 50
  + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
Israeli agtech startup Beewise Technologies is using AI, sensor, robots and computer vision to save more honeybees as climate change has threatened their survival, leading to more than one-third of bee colonies disappearing each year and threatening food supplies. This social impact business has designed and built high-tech hives that help the bee's chances of survival, and keep it harvesting honey and pollinating crops. Honeybees pollinate $15 billion worth of crops in the U.S. each year, such as vegetables, fruits and nuts, not to mention produce honey. Beewise is not the only startup going after the growing market for commercial beekeeping pollination services, estimated by the USDA at $320 million annually. Former Disruptor BeeHero, also from Israel, is a close competitor.
Persons: Saar, Elijah Radzyner, Disruptor BeeHero, Beewise Organizations: Saar Safra, UN, USDA, Partners Locations: U.S, Israel, New York
Betye Saar Remains Guided by the Spirit
  + stars: | 2024-05-08 | by ( Evan Nicole Brown | ) www.nytimes.com   time to read: +1 min
The American assemblage artist Betye Saar spent her childhood salvaging lost, discarded and forgotten things, like small glass beads, broken necklaces and scraps of colored paper left in trash bins or littering the ground where she walked. “My daughter Tracye calls me a hoarder who found her calling,” Saar says. Some of the objects that Saar collects have sat unused in her converted-garage studio for years before finding their way into one of her artworks. Saar considers this selection process to be a sacred one. “I’ve always felt that old objects hold a power,” she says.
Persons: Betye Saar, , Tracye, , “ I’ve, “ They’ve Organizations: Los Locations: Saar, Nigeria, Senegal, Mexico, Haiti, Brazil, Los Angeles, ” Saar
How the Federal Reserve plans to proceed with interest rates will be in focus next week after some recent signs of hotter inflation muddied the outlook. In December, policymakers had penciled in at least three quarter percentage point rate cuts in 2024. On Friday, stocks were headed for a losing week even after the S & P 500, for example, notched a fresh closing record just this week. The chipmaker will be under increased scrutiny next week as CEO Jensen Huang takes the stage for the company's annual AI conference. TD Wealth's Vaidya anticipates four rate cuts coming in the third and fourth quarters, though he said that outlook will remain data dependent.
Persons: Sid Vaidya, Jensen Huang, Lorie Logan, Molly McGown, McGown, Brian Nick, Wealth's Vaidya, Nick, Mills, , Samantha Subin Organizations: Federal Reserve, Fed, Nvidia, Dallas, TD Securities, Securities, McGown, Bank of America, Housing, Micron Technology, Philadelphia Fed, PMI, PMI Manufacturing, PMI Services SA, Nike, FedEx, Darden Locations: U.S, NAHB
Next week, the first full trading week of March, macroeconomic concerns will take center stage for investors. Next week, the Fed chief is largely anticipated to stick to the same talking points in testifying before Congress. In fact, the February jobs report, due out next Friday, is expected to show a moderation in payroll gains. Hourly Earnings preliminary (February) 8:30 a.m. Average Workweek preliminary (February) 8:30 a.m. Manufacturing Payrolls (February) 8:30 a.m. Nonfarm Payrolls (February) 8:30 a.m. Private Nonfarm Payrolls (February) 8:30 a.m. Unemployment Rate (February) — CNBC's Michael Bloom, Jeff Cox and Yun Li contributed to this report.
Persons: Jerome Powell, Powell, Shannon Saccocia, Kim Forrest, Webull, Michael Hartnett, CNBC's Yun Li, Melissa Brown, Brown, Wealth's Saccocia, Saccocia, Nonfarm Payrolls, , Michael Bloom, Jeff Cox, Yun Li Organizations: Federal, Fed, Capitol, Nasdaq, Dow Jones, FactSet, Barclays, Bokeh Capital Partners, Labor Department, Bitcoin, BofA Global Research, Apple, Nvidia, Ross Stores, Costco Wholesale, Kroger, . Semiconductor, Broadcom, PMI, PMI Services, Services PMI, Ross, Target, ADP, Labor, Consumer Credit Locations: U.S, REITs, Japan
The S & P 500 rallied more than 1% on Friday, above both its closing and intraday records that it last reached in January 2022. "Meaning that when a major index like the S & P 500, like the Nasdaq 100, reaches a new all time high, what it does is, it clears the charts of resistance." For 2024, Wald anticipates the S & P 500 will end the year at the 5,400 level, representing a roughly 12% rise from Friday's close of 4,839.81. Inflation data, earnings ahead Next week will also bring the Fed's preferred inflation gauge for December, which is expected to confirm the recent trend of easing inflation. Leading Indicators Tuesday Jan. 23 10 a.m. Richmond Fed Index (January) Earnings: General Electric , Synchrony Financial , D.R.
Persons: it's, Katie Stockton, we've, Oppenheimer's Ari Wald, Wald, Dow Jones, That's, Dave Sekera, Sekera, Jan, Johnson, Lockheed Martin, Lockheed Martin Wednesday Jan, Kimberly, Clark, Northrop Organizations: Fed, Nasdaq, Morningstar Research Services, Richmond Fed, Synchrony, Raytheon Technologies, Verizon Communications, Halliburton, Johnson, Procter, Gamble, Lockheed, Lockheed Martin Wednesday, PMI, SA, PMI Manufacturing SA, PMI Services SA, Abbott Laboratories, Chicago, New, . Kansas City Fed Manufacturing, Northrop Grumman, Southwest Airlines, American Airlines, Comcast, PCE, Norfolk, American, CNBC Locations: Stockton, U.S, Horton, Freeport, McMoRan, . Kansas
These include plans by ArcelorMittal , the world's second-largest steelmaker, to spend 2.5 billion euros to decarbonise its German steel mills, efforts that depend on now-uncertain government support. "What we're seeing here is devastating for Germany as a business location globally. Besides the 6 billion euros of steel investments, other sectors potentially affected by the court ruling include 4 billion euros in the area of microelectronics and 20 billion euros for battery cell production, according to an economy ministry paper seen by Reuters. Those have previously been estimated at 68 billion euros. "Important industries in Germany, such as chemicals or steel production, need economical energy prices," Oliver Blume, CEO of Europe's top carmaker Volkswagen (VOWG_p.DE), told Frankfurter Allgemeine Zeitung.
Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Reiner Blaschek, Chancellor Olaf Scholz, Stefan Rauber, Intel INTC.O, Taiwan's, Bernhard Osburg, Oliver Blume, Christoph Steitz, Tom Kaeckenhoff, Andreas Rinke, Catherine Evans Organizations: Climate, Finance, ArcelorMittal, SHS Stahl, Reuters, IMF, Intel, TW, Infineon, Steel, BASF, Wacker Chemie, Volkswagen, Frankfurter Allgemeine Zeitung, Thomson Locations: FRANKFURT, DUESSELDORF, Berlin, Germany, Asia, United States, U.S, USA, Steel Europe
Grace Wales Bonner’s approach to fashion can sometimes feel more like that of an academic rather than a designer. Her collections for Wales Bonner, the brand she started in 2015, are informed by dazzlingly intensive research spanning critical theory, music, literature, history and mysticism. Her clever embrace of so many perspectives and personalities, and her proudly Afro-Atlantic approach to fashion, has made Ms. Wales Bonner, 33, an increasingly influential figure in field. This year, she began showing her collections in Paris, the creative and commercial epicenter of luxury fashion. But Ms. Wales Bonner is also a polymath with artistic ambitions outside fashion.
Persons: Grace Wales, Wales Bonner, Haile Selassie, James Baldwin, Theaster Gates, Man Ray, Alexander Calder, Moustapha Dimé, Terry Adkins Organizations: Adidas, Museum of Modern Art Locations: Harlem, Jamaica, Paris, New York, Betye Saar
The Houthi movement said on Tuesday they had launched three drone and missile attacks towards Israel since the start of the Hamas-Israel war on Oct. 7. In what appeared to be a new attack overnight, the Israeli military said it had intercepted an "aerial threat" over the Red Sea. Israeli National Security Adviser Tzachi Hanegbi said on Tuesday the Houthi attacks were intolerable, but declined to elaborate when asked how Israel might respond. Missiles and drones fired at Israel from the Red Sea area since Oct. 7 have so far either been shot down or fallen short. In an Oct. 27 incident, Israel said the Houthis were behind a drone attack that caused explosions in two Egyptian towns on the Red Sea, saying they had been intended to hit Israel.
Persons: Tzachi Hanegbi, Israel, Dan Williams, Tom Perry, Alison Williams Organizations: Hamas, National Security, Missiles, Israel, Thomson Locations: Iran, Israel, Saar, Eilat, Red, Gaza, United States, Iraq, Yemen
REUTERS/Carlos Barria/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. auto sales are expected to rise in October but the outlook for the rest of the year remains uncertain owing to the auto workers strike at Detroit Three, a report from S&P Global Mobility showed on Wednesday. "On the surface, with a projected SAAR (seasonally adjusted annual rate) result of 15.7 million units, October auto sales will be stronger than they appear," said Chris Hopson, principal analyst at S&P Global Mobility. New total light vehicle sales in October are estimated to be 1.22 million units, up 3.3% year-over-year, according to the report. "As of the week ended October 22, nearly 150,000 units of vehicle production have been lost due to the respective plant strikes," according to the report. While the impact on sales has been limited in the month of September, production disruptions caused by the strike are expected to affect October sales for the Detroit Three and will likely be sustained in November, the report added.
Persons: Carlos Barria, Chris Hopson, Hopson, Shivansh, Shweta Agarwal Organizations: REUTERS, Detroit, P Global, P Global Mobility, Ford, General Motors, automakers, Thomson Locations: San Francisco , California, U.S, SAAR, Bengaluru
But when Israel called up its reservists and declared war this week, the response was swift and overwhelming. Most reservists were already in Israel at the time of the call-up - the largest such compulsory mobilisation since the 1973 Yom Kippur War. But many were out of the country, for a variety of reasons, and dropped everything to rush back. "I cannot sit here and study medicine while I know that my friends are fighting and my family needs protection. A former captain in the Israeli army, he immediately acknowledged the call-up, but didn't tell his children what he was doing.
Persons: Ammar Awad, Rush, Israel, Yonatan Steiner, Nimrod Nedan, L.K, Yonatan Bunzel, Bunzel, Yedidya Shalman, Oren Saar, it's, there's, Alexander Cornwell, Helen Coster, Krystal Hu, Gabriella Borter, Crispian Balmer, Andrius, Nick Macfie Organizations: REUTERS, El Al, Thomson Locations: Israel, Gaza, Sderot, DUBAI, New York, Lebanon, kibbutzes, Lithuania, India, Tel Aviv, Dubai, Thailand, El, WhatsApp, New York City, Rome
A young Israeli woman helped save her kibbutz by arming citizens to fight Hamas militants, reports said. Inbal Liberman, 25, a security coordinator in Nir Am, armed a neighborhood watch group amid Hamas' attacks. A young Israeli woman has been credited with helping to save her entire kibbutz from the wrath of advancing Hamas militants by arming a neighborhood watch group to fight off some of the assailants, residents and her dad said. The father added, "The neighborhood watch group was already assembled and she made the decision to give them weapons and station them." The assault by Hamas has already left more than 1,000 dead in Israel, with many more injured, Israeli officials have said.
Persons: Inbal Liberman, Nir Am, , Liberman, Ofer Liberman, Nir, I'm, Israel Organizations: Service, Hamas, Haaretz, Israel Defense Forces, Nir Am, Gaza Ministry, Health Locations: Israeli, Israel, Nir, Gaza, Palestinian, Saar Paz
A raft of economic data and big retail earnings reports next week will give traders insight into the strength of the consumer after a mixed batch of inflation data. "Next week is all about the consumer," said Shannon Saccocia, investment chief at NB Private Wealth. The Nasdaq Composite fell for a second straight week for the first time in 2023 after mixed inflation data this week, as well as Moody's downgrading several regional banks. July's consumer price index came in weaker than expected, but continued to show some underlying stickiness. Housing data expected to show strength Investors will also watch data on what has been a strong housing market.
Persons: Shannon Saccocia, Saccocia, , we've, John Porter, it's, Wealth's Saccocia, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, Michael Kors, That's, Sam Stovall, Stovall, CFRA's Stovall, Estee Organizations: Home Depot, Walmart, Federal Reserve, Nasdaq, Dow Jones, Newton Investment Management, FactSet, . Discount, TJX Companies, Ross, Homeowners, Price, Retail, Health, Home, Agilent Technologies, Housing, Manufacturing, TJX, Target, Cisco Systems, Philadelphia Fed, Applied, Deere, Co, Companies, Palo Alto Locations: U.S, NAHB, Housing States
Around the same time, Rosler began exploring video, which was then becoming popular among feminist artists as an affordable way to make and share work without the institutional support that was often denied them. This resulted in another of her best-known works, “Semiotics of the Kitchen” (1975). As her actions become increasingly violent — Rosler uses a manual juicer like she’s breaking a neck — the hostess’s rage takes on broader significance. “The fact that video sucked was part of what made it exciting,” Rosler told me; it allowed her to make work that no one would judge on its aesthetic qualities. It’s possible, even, to find echoes of Rosler in the amateur videography of TikTok, where every user is the head of their own surreal public access network.
Persons: Rosler, Mika Rottenberg, it’s, Carmen Herrera, Hilma af Klint Organizations: Rosler, Guggenheim Locations: Argentine Israeli, Saar, New York
"Dakar looks great with certain coloured films, because they really bring out the warm, vibrant colours," Saar said, loading a fresh roll into the camera. "Film can be really great in Africa, because in general it’s sunny (and) very colourful.”Saar is part of a growing resurgence of analogue photography enthusiasts in Senegal, nurtured by Le Sel studio in the capital’s Ouakam neighbourhood. Founded two years ago in owner Kevin Aubert’s apartment, Senegal’s only studio of its kind aims to rekindle the country’s love for the craft through film sales and workshops. In the meantime, local photographers like Eva Diallo are already showing works developed there at some of Dakar’s most prestigious art houses. “The film process is much more conscious than digital or iPhone photos,” Diallo said during her solo exhibition at Dakar’s Gallerie Cecile Fakhoury.
Persons: Amy Saar, Kevin Aubert’s, Senegal’s, Le, Aubert, ” Aubert, Eva Diallo, ” Diallo, Dakar’s Gallerie Cecile Fakhoury, , Cooper Inveen, Alison Williams Organizations: Le Sel, Precision Reports, Le, Thomson Locations: DAKAR, Senegalese, Dakar, Saar, Africa, Senegal
The Dow Jones Industrial Average , the S & P 500 and the Nasdaq lost more than 1% each for this holiday-shortened week. This coming week will feature some key inflation data to keep an eye on. On Tuesday, the May housing starts report was released, coming in much stronger than expected, at a 1.63 million seasonally adjusted annual rate (SAAR), versus 1.39 million SAAR expected. Building permits were also above expectations at a1.49 million SAAR versus 1.43 million SAAR expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jerome Powell, Jim Cramer, he's, Jefferies, JEF, Mills, HB Fuller, Jim Cramer's, Jim, Spencer Platt Organizations: Federal, Dow Jones, Nasdaq, Constellation Brands, Corp, Walgreens Boots Alliance, Micron Technology, Gross, Aid, McCormick &, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, SAAR
(Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesGoldman Sachs became the latest Wall Street bank to downgrade its growth forecast for China, as the world's second-largest economy stutters and loses momentum after its coronavirus reopening. "With the reopening boost quickly fading, medium-term challenges such as demographics, the multi-year property downturn, local government implicit debt problems, and geopolitical tensions may start to become more important in China's growth outlook," they said. Stock Chart Icon Stock chart iconUBS also sees continued weakness in China's economy ahead, particularly focusing on the second quarter of the year. Wang noted that uncertainty in China's property sector remains a central risk to its forecast and could bring its growth outlook even lower. "Risks to our forecast is slightly biased towards the downside, mainly from uncertainties in property market and path of property policy support ahead, as well as weaker external demand," she said.
Persons: Goldman Sachs, Chief China Economist Hui Shan, Wang Tao, Wang Organizations: Getty, Nurphoto, Chief China Economist, UBS, Bank of America, JPMorgan, U.S, People's Bank of, Federal, UBS Investment Bank's Locations: Nanjing, East China's Jiangsu Province, China, People's Bank of China, saar
"The US inflation shock is over", so the Fed need not hike interest rates any more, according to the chief economist of the Institute of International Finance. The IIF's measure of "inflation generalization" has fallen to the lowest level since February 2021, Robin Brooks said. US inflation has been steadily cooling from its mid-2022's highs, coming in at 4.0% in May on an annual basis. "The US inflation shock is over. While Brooks suggests the threat of inflation has faded, other market commentators have raised concerns inflation is sticky and can lead to stagflation.
Persons: Robin Brooks, , Brooks, Goldman Sachs Organizations: Institute of International Finance, Service, CPI, Federal
The Woman Shaping a Generation of Black Thought
  + stars: | 2023-04-26 | by ( Jenna Wortham | ) www.nytimes.com   time to read: +4 min
In her first book, “Monstrous Intimacies,” Sharpe writes extensively on Walker’s work to reveal how society is programmed to default to racist narratives. The work in Sharpe’s office, like many of Walker’s famous prints and sculptures, is devoid of color. The more time I spend with Sharpe’s work, the more it inflects my ways of seeing the world. According to Sharpe, Blackness is anagrammatical, meaning that the structures that order language, thought and society become disordered — if not destroyed entirely — when they encounter Blackness. “Her work has shown that we, as Black people, are the foils of humanity,” Frank B. Wilderson III, author of “Afropessimism,” told me.
The U.S. economy likely grew at a solid pace to start the year, though things are expected to get worse before they get better. "It shows an economy that so far is resilient, weathering all kinds of storms so far and growing at pretty close to potential. Where the growth is So far, consumers have managed to withstand the higher rates. "We expect a solid 2.3% (QoQ SAAR) increase in Q1 real GDP, with details that appear even more positive for the economic backdrop. Despite rising debt levels and the prospects that financing will become more difficult to come by, consumers are in fairly solid shape.
Canadian housing starts slow as BoC rate hikes weigh
  + stars: | 2023-04-19 | by ( Fergal Smith | ) www.reuters.com   time to read: +1 min
TORONTO, April 19 (Reuters) - Canadian housing starts fell more than expected in March, contributing to a slower trend in recent months that follows a rapid increase in borrowing costs, data from the national housing agency showed on Wednesday. The seasonally adjusted annualized rate (SAAR) of housing starts fell 11% to 213,865 units from a revised 240,927 units in February, the Canadian Mortgage and Housing Corporation (CMHC) said. "The SAAR of housing starts and the trend appear to be returning to pre-pandemic levels," Bob Dugan, CMHC's chief economist, said in a statement. The Bank of Canada has lifted its benchmark interest rate to a 15-year high of 4.50% to tackle inflation. For the first quarter, starts averaged 223,000, the weakest quarter since the depth of the COVID-19 pandemic in early-2020, Robert Kavcic, a senior economist at BMO Capital Markets, said in a note.
Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.
While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. 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.
It was a choppy week for the major stock averages as macroeconomic data once again came in above expectations. That's why we stepped up to the plate this week and did a bunch of buying. Meanwhile, building permits were down 11.2% monthly (-22.4% annually) at a 1.342 million SAAR, below expectations for a 1.48 million SAAR. On Wednesday, existing home sales were reported to have fallen 7.7% monthly (-35.4% annually) in November to a SAAR of 4.09 million units, below the 4.17 million SAAR expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
JERUSALEM, Dec 5 (Reuters) - A top Israeli intelligence analyst said on Monday that Iran's clerical rulers were likely to survive protests that have swept the country for weeks, and predicted they could stay in power for years to come. "The repressive Iranian regime will, it seems, manage to survive these protests. It has constructed very, very strong tools for dealing with such protests," Brigadier-General Amit Saar told the military intelligence think-tank Gazit Institute. "But I think that even if these protests wane, the reasons (for them) will remain, and thus the Iranian regime has a problem for years to come." Writing by Dan Williams Editing by Steven ScheerOur Standards: The Thomson Reuters Trust Principles.
To date, SE Ventures has 30 active investments, including climate and industrial tech ventures, a pace it expects to accelerate with the new fund, he said. About 70% have struck a commercial partnership with Schneider Electric, the company said. SE Ventures first invested in AutoGrid in the company’s Series D fundraising round in 2019. Mr. Hodson said through SE Ventures, Schneider Electric has a good record of targeting investments to areas where it wants to expand. “There’s definitely a market reality where there is a large degree of uncertainty,” Mr. Chaturvedy said.
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