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☆ With 'Deadpool & Wolverine,' Ryan Reynolds could finally end Marvel's superhero slump
▼ + stars: | 2024-07-30 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

"Deadpool & Wolverine," costarring Hugh Jackman as Wolverine, is the only MCU film hitting theaters this year. AdvertisementWhile it might seem risky for the studio conglomerate to put all its eggs into one R-rated basket, Reynolds' Deadpool franchise — and Reynolds himself — are uniquely positioned to revitalize the genre. The 'Deadpool' franchise has been consistently lucrativeRyan Reynolds as Wade Wilson/Deadpool in "Deadpool & Wolverine." Ryan Reynolds' business acumen has helped Deadpool thriveRyan Reynolds has turned the Deadpool character into a shrewd marketing play. His good friend Taylor Swift even wrote a gushing post on her Instagram Stories about "Deadpool & Wolverine" with a link to buy tickets.

Persons: —, Ryan Reynolds, Wade Wilson, Deadpool, Marvel Jesus, Reynolds, costarring Hugh Jackman, It's, Hugh Jackman, Wolverine, Logan, Jay Maidment, Sam Raimi's, Strange, Oscar, Jonathan Majors, Kang the, Marvel, Robert Downey Jr, He'll, Doctor Doom, it's, Nicholas Hunt, He's, who's, Taylor Swift, Paul Mullin Organizations: Service, Marvel, Business, Disney, Fox, Century Studios, Marvel Studios, Rotten Tomatoes, Rotten, Deadpool, Hollywood, Aviation, Mint Mobile, Welsh football, Wrexham AFC —, San Diego Comic, Wrexham AFC, Wrexham, Belgian, Prix Locations: Welshpool

☆ How major markets typically perform in the 100 days before a presidential election
▼ + stars: | 2024-07-30 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Even with election uncertainty, the market typically moves higher in the 100 days leading up to a presidential vote — but it may be a volatile ride to get there. The so-called fear gauge usually declines in the first 20 trading days of the 100-day runup to the election, but typically works higher in the 45-, 60-, 65- and 70 days before election day. The VIX has been higher 6 of the last 8 election years during the closely-watched, 100-day period. Oil prices usually see upward pressure through October, before feeling some weakness in the final weeks before voters cast ballots. In the run up to October, oil prices typically see more of a boost when a Democrat is the sitting president.

Persons: Paul Ciana Organizations: Bank of America, ICE, Democrat, Overseas Locations: U.S

☆ Where are China's ultra-rich parking their wealth amid a slowing economy?
▼ + stars: | 2024-07-30 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

At a time when China's economy is facing headwinds, and growth has been slowing, where are the Chinese ultra-rich, whose numbers are expected to swell to 144,897 by 2028 from 98,551 in 2023, parking their wealth? However, the country's high-end property market remains a favored asset. Luxury real estate"There has been a noticeable increase in transactions within Shanghai's luxury real estate sector," said James Macdonald, head of China research at global real estate firm Savills, attributing it to a recent policy easing by the government. That said, China's luxury real estate market is still primarily concentrated in the core areas of first-tier cities, said Li. Other local investment classes, such as the wider property market and China-listed stocks are not as popular among the ultra rich, experts told CNBC.

Persons: Weiquan Lin, Frank, James Macdonald, Savills, Stephen Pau, Sam Xie, CBRE's, Xie, Arbour, Tian Di, Knight Frank Head of, Pacific Research Christine Li, Li, Nick Xiao, Xiao, Yongyuan Dai, Pau, defensiveness Organizations: CNBC, Pacific Research, Overseas, Domestic Institutional Investors, Domestic Limited, Hywin Locations: China, Shanghai, Lujiazui, Knight Frank Head of Asia, Pacific, Hong Kong, Yongyuan, Pau

☆ Opinion | Israel’s Five Wars
▼ + stars: | 2024-07-30 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

The world will soon know the shape and scale of Israel’s response to Hezbollah for Saturday’s rocket attack on a Druze town in the Golan Heights, which killed 12 children. But it’s not too soon to ask what purpose the expected retaliation will serve in the context of Israel’s five wars. Israel’s most strident critics insist that the current conflict is about Palestinian existence, about Israel’s alleged refusal to grant a Palestinian homeland. Israel agreed to a Palestinian Authority in 1993, offered a Palestinian state in 2000 and vacated the Gaza Strip in 2005. When campus protesters at Princeton chanted, “We don’t want no two states, we want ’48,” they weren’t asking for Israel to accept a Palestinian state.

Persons: it’s, Israel, Israel’s Organizations: West Bank, Hezbollah, Palestinian Authority, Princeton Locations: Golan, Israel, Gaza, Lebanon, Yemen, Iran, Palestinian

☆ JetBlue jumps 20% after surprise profit, $3 billion aircraft spending deferral
▼ + stars: | 2024-07-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

JetBlue Airways shares jumped 20% on Tuesday after the airline posted a surprise profit and said it would defer another $3 billion in aircraft spending through 2029 to improve cash flow. The airline posted a $25 million profit for the second quarter, down nearly 82% from last year. JetBlue hasn't posted an annual profit since before the pandemic. It also is trying to better deploy its aircraft outfitted with premium seats like its Mint aircraft to maximize revenue. JetBlue says the changes will help it add $800 million to $900 million in pretax profit from 2025 through 2027.

Persons: JetBlue hasn't, Pratt, Joanna Geraghty Organizations: JetBlue Airways, FAA, Laguardia, Wall Street, JetBlue, Mint, Airbus, Pratt & Whitney Locations: New York City , New York, U.S, New York , New England, Puerto Rico

☆ A bullish signal for small-caps is flashing for the first time since 2009, indicating more upside ahead, Fundstrat says
▼ + stars: | 2024-07-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The rally in small-cap stocks is set to continue after a bullish signal flashed for the first time since 2009, Fundstrat says. The Dallas Manufacturing Survey shows a sharp spread between current and forward expectations. Such spreads have historically preceded significant moves in small-cap stocks, Fundstrat's Tom Lee said. AdvertisementThe July rally in small-cap stocks is set to continue after a bullish signal flashed for the first time since 2009, according to Fundstrat's Tom Lee. Much of Lee's bullishness on small-cap stocks is based on compelling valuations, falling inflation, and the expectation of interest rate cuts later this year.

Persons: Fundstrat, Tom Lee, —, Lee, you've Organizations: Dallas Manufacturing Survey, Service Locations: Dallas, Lee's

☆ Google's AI Olympics ad is drawing jeers online but scores surprisingly well among viewers
▼ + stars: | 2024-07-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Read previewAn Olympics ad from Google depicting a father using its Gemini AI assistant to help his daughter compose a letter to her favorite athlete has drawn sharp criticism from online commentators. Google's "Dear Sydney" spot first aired on TV during the broadcast of the opening ceremony on July 24 and is also available on YouTube. Related stories"It follows a coherent story, focuses on characters with agency and vitality, and prioritizes people over the product," said Jon Evans, System1 chief customer officer, of Google's ad. Still, several ad experts have said Google's marketing department — which created the ad in-house rather than using an ad agency — should have done a better job of reading the room. The "Dear Sydney" spot was still airing on US TV on Tuesday morning, according to the measurement firm iSpot.

Persons: —, USA's Sydney McLaughlin, McLaughlin, Shelly Palmer, Syracuse University's S.I, Jon Evans, Evans, System1, Kevin, Sabrina, Sydney, Maani Safa, Poppins, Safa, Malcolm Poynton, didn't, Lorraine Twohill, Josh Green Organizations: Service, Google, Gemini, Business, Paris Olympics, YouTube, Team USA, Syracuse University's, Newhouse School of Public Communications, NBC Sports, Cheil Locations: Paris

☆ It’s not the end of the world if the Fed doesn’t cut rates tomorrow
▼ + stars: | 2024-07-30 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Reserve is all but certain to hold interest rates steady at its meeting this week. That’s why Torsten Slok, Apollo Global’s chief economist, is maintaining his prior forecast that the Fed won’t cut rates at all this year. “There are still two more CPI releases before the September 18 [Fed] meeting, so we have to wait and see if the downtrend in inflation continues,” he told CNN. Fed officials have signaled that September will be when they finally lower interest rates. The difference between a few months for that initial cut “really doesn’t matter unless there’s some big shock that hits the economy in that time,” Fed Governor Christopher Waller said earlier this month.

Persons: Alan Blinder, Paul Krugman —, Blinder, what’s, Brandon Bell, Torsten Slok, Apollo, ”, Sean Snaith, it’s, Christopher Waller, Waller Organizations: New, New York CNN, Federal, CNN, ” University of Central, ” Locations: New York, ” University of Central Florida, Iran, Israel

☆ The Sahm Rule Hints at Recession, But Don’t Panic - The New York Times
▼ + stars: | 2024-07-30 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Do you remember the 2023 recession? But back in 2022 there were so many confident predictions of imminent recession that I wonder whether some people have the vague sense that they must have come true. I could have told you at the time that this analogy was wrong, and in fact I did. The inflation doomerism of 2022, I’m tempted to say, was the least responsible economic projection, at least by mainstream economists, made in the past 40 years. When it inverts — when long-term rates are lower than short-term rates — this has historically predicted a recession (recessions are the shaded areas on the chart):

Persons: I’m

☆ US suggests Venezuela's president is clinging on illegitimately after a disputed vote
▼ + stars: | 2024-07-29 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

Nicolás Maduro was declared the victory in Venezuela's election, despite exit polls suggesting he didn't win. US Secretary of State Antony Blinken and other leaders have suggested the vote is not legitimate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVenezuela's Nicolás Maduro claimed victory in Venezuela's president election — prompting criticism from the US and its allies over the legitimacy of the vote. A poll from Edison Research — which also polls the US elections — predicted that Maduro's rival Edmundo González Urrutia would win, with 65% of the vote to Maduro's 31%.

Persons: Nicolás Maduro, Antony Blinken, —, Maduro, Edmundo González Urrutia Organizations: Service, Edison Research, Business Locations: Venezuela's, Venezuela

☆ 3 reasons why rising unemployment isn't signaling a recession, Goldman says
▼ + stars: | 2024-07-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Read previewThe US unemployment rate is up nearly 0.5% from its cycle low on a three-month moving average basis, which has historically been a reliable indicator that an economic recession is near. But even if the Sahm Rule does officially trigger, this time is different, according to Goldman Sachs. Advertisement"Job growth is far from weak, and with final demand still growing at a robust pace, it appears set to remain fairly solid," Goldman Sachs said. "The Fed has 525bp of room to cut and no reason to hesitate anymore if it needs to push back," Goldman Sachs said. AdvertisementTemporary 'frictions' drive unemployment rateAccording to the bank, some of the rise in the unemployment rate has been driven by "temporary labor market frictions."

Persons: —, Goldman Sachs Organizations: Service, Business, Goldman, Federal Reserve

☆ How 5G technology is helping curb carbon emissions and waste at the Paris Games
▼ + stars: | 2024-07-29 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

Installing and using 5G technology could help minimize the Olympics' environmental impacts. Sustainability initiatives also extend to the 5G technology powering the Olympic Games. Orange, the telecommunications provider for the Paris Games, has set itself the goal of limiting its carbon emissions to 10,000 metric tons of carbon dioxide. Environmentally friendly technology that can support more fansThough 5G systems require infrastructure installation, their technology is more sustainable than older connectivity systems like analog distributed antenna systems, Swank said. Recycling 5G equipment for more sustainabilityTo work toward its carbon-emissions goal for the Paris Games, Orange decreased its equipment manufacturing and infrastructure-deployment footprint.

Persons: —, Kevin Swank, Swank, CommScope, Kelvin Chaffer, Chaffer Organizations: Service, Games, Janeiro Games, Social Sciences, Paris Games, Olympic Games, T, Dallas Cowboys, Paris Olympics, Software Locations: Rio, France, Germany, Arlington , Texas, Orange

☆ Stocks are due to take a rest after a furious bull run, Bank of America says. 4 reasons that's a good buying opportunity.
▼ + stars: | 2024-07-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

According to Bank of America, the most recent market pullback is a symptom of a "buffalo" market. Related stories"A buffalo market is still in the bull family," McGregor said. She expects that the buffalo market will roam around this summer before stabilizing into a bull market later this year. "We're expecting this earnings growth story to broaden beyond the Magnificent Seven in tech in the coming quarters." Bank of America believes small-caps could lead the stock market for the next ten years if interest rates come down and remain favorable.

Persons: —, Marci McGregor, we've, McGregor, We're, Russell Organizations: Service, Nasdaq, Bank of America, Business, Energy, Vanguard Health Care Locations: Buffalo

☆ Ford, GM, Stellantis face a daunting second half of 2024
▼ + stars: | 2024-07-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stock Chart Icon Stock chart icon Ford, GM and Stellantis shares"Investors who think autos can outperform on + earnings beats and buybacks should think again. GMFor GM, investors balked at pullbacks in growth businesses, waning upside during the second half of the year, and fear that the automaker's earnings power has peaked, according to Wall Street analysts. Selling more EVs is one reason that GM, which has raised its annual financial guidance twice this year, expects the second half to underperform the first. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. StellantisTransatlantic automaker Stellantis arguably faces the most challenging second half of the year, particularly regarding its U.S. operations.

Persons: Ram, Joe Raedle, Morgan Stanley, Adam Jonas, Jonas, Stellantis, GM's, Mary Barra, Ford, Ford doesn't, Joseph Spak, Bill Pugliano, John Lawler, Lawler, Carlos Tavares, Remo Casilli Organizations: Dodge Chrysler, Getty, DETROIT, Ford, Detroit automakers, GM, Wall Street, Analysts, Street, UBS, Ford Dearborn Plant, Ford Pro, Transatlantic, Stellantis Locations: Miami , Florida, U.S, China, Dearborn , Michigan, Atessa, Italy

☆ Rapid renewable energy growth leads FBI to warn hackers will hit new, vulnerable power supply
▼ + stars: | 2024-07-29 | by ( Michelle Castillo | ) www.cnbc.com time to read: +6 min

Government incentives, including the Inflation Reduction Act, have encouraged individuals and private ownership groups to invest in clean energy systems. The renewable energy industry's rapid expansion in the U.S. in some cases is occurring without traditional utility protocols and regulations. The boom in renewable energy has also led manufacturers of products and services to ramp up their offerings. Inverters connected to the internet, in particular, could be controlled by hackers to reduce output or overheat home energy systems. Other major players in the U.S. utilities and renewable energy sector, including Next Era Energy, Constellation, Enphase Energy, First Solar and Sunrun, did not respond to requests for comment.

Persons: Jim Hempstead, SEIA, Bheshaj Krishnappa, Freddie Mac, Moody's, Jim Guinn Organizations: FBI, U.S . Energy Information Administration, Metropolitan Washington Council, Governments, Department of Defense, U.S ., Solar Energy Industries Association, Department of Energy Solar Energy Technologies Office, Constellation Energy, Corporation, cybersecurity, Cybersecurity, GE Vernova, Constellation, Enphase Energy Locations: U.S, California , Utah, Wyoming, United States, China, Russia, Iran, cyberattacks

☆ Analysis: In Venezuela, voters caught in Maduro’s dangerous dance are seeking answers
▼ + stars: | 2024-07-29 | by ( Flora Charner | ) edition.cnn.com time to read: +8 min

“We want peace for Venezuela, for our family members,” a protester, who chose not to be identified, told reporting teams on the ground. Leo Ramirez/AFP/Getty Images/FileA ‘cyberattack’ curveballIt seems unlikely Maduro’s government will pay too much attention to the concerns raised over the results. Nearly 8 million people have left Venezuela since 2014, according to the United Nations High Commissioner for Refugees (UNHCR). Venezuelan President Nicolas Maduro reacts following the election results in Caracas on July 29, 2024. “We want Venezuela to be free and for the people’s will to be respected,” she said.

Persons: CNN — It’s, Nicolás Maduro, “, Nicolas Maduro, ” Maduro, Edmundo González, González, Maria Corina Machado, ”, Federico Parra, Antony Blinken, Stephane Dujarric, Maduro’s, Miguel Díaz, Canel, Leo Ramirez, it’s, Tarek William Saab, Machado, Leopoldo López, Lester Toledo, Panamá, Consultores, Maduro, ” Eva Martinez, Will Freeman, Juan Barreto, Hugo Chavez, Chavez, sobbed Heczair Blanco Organizations: CNN, Bolivarian, Electoral Council, Armed Forces, Getty, UN, The United Nations, Carter Center, Washington, Twitter, AFP, CNE, Caracas Monday, Saab, ’, United Nations, Refugees, US Customs, Border Patrol, Council, Foreign Relations, Democrats, Biden Locations: Miraflores, Caracas, Venezuela, Bolivarian Republic of Venezuela, Venezuelan, AFP, United States, Tokyo, Argentina, Chile, Costa Rica, Peru, Panama, Dominican Republic, Uruguay, China, Cuba, North Macedonia, Balkans, UNHCR, Spain, Brazil, Colombia, “, Buenos Aires

☆ Alma Powell, wife of late Secretary of State Colin Powell, dies at 86
▼ + stars: | 2024-07-29 | by ( Karl De Vries | ) edition.cnn.com time to read: +2 min

CNN —Alma Johnson Powell, the wife of the late Secretary of State Colin Powell, has died. Her death was confirmed by the former diplomat’s chief of staff and family spokesperson, Peggy Cifrino. The Powells were married for nearly 60 years, and Alma was by her husband’s side during his remarkable and historic military career. I think of the military as family,” Alma Powell once said. Alma Powell “is survived by her three children, Michael, Linda, and Annemarie and their families, her niece and two nephews, and countless beloved extended family members and friends,” Cifrino said in a statement.

Persons: Alma Johnson Powell, Colin Powell, Peggy Cifrino, Alma, Ronald Reagan, George W, ”, ” Alma Powell, “, Powell, John F, Barack Obama’s, Alma Powell, Alma Powell “, Michael, Linda, Annemarie, ” Cifrino, Jamie Gangel Organizations: CNN, Joint Chiefs, Staff, Promise, National Museum of, Kennedy Center, Performing Arts, Advisors, Black Colleges, Universities, America’s Locations: Vietnam, Alma, Washington

☆ S&P 500 faces greater downside risk ahead, Bank of America says
▼ + stars: | 2024-07-29 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The odds of a pullback in the S & P 500 are higher now, according to Bank of America. "We are thus overdue for a pullback," wrote Subramanian, adding there is "elevated downside risk in coming months. In fact, the strategist expects the S & P 500 will end the year at 5,400. Just 50% have been triggered [today] vs. an average of 70% ahead of prior S & P 500 peaks." From 1936 to 2010, dividends contributed around 40% to S & P 500 total returns, but have only accounted for 15% since 2010.

Persons: Savita Subramanian, Subramanian Organizations: Bank of America, Nasdaq, Dow Jones, BofA Securities

☆ As Team USA women go for eighth straight gold, one question mark lurks
▼ + stars: | 2024-07-29 | by ( Chantel Jennings | ) www.nytimes.com time to read: +6 min

So, yes, per usual, Team USA has more than a few advantages in these Olympic Games even before mentioning the legacy this team carries into these games. AdvertisementTeam USA hasn’t lost a single Olympic game (including pool play) since the 1992 Olympics in Barcelona, Spain. So, to say that this Team USA women’s basketball team doesn’t know anything except Olympic gold medals isn’t just a figure of speech. “Talent is not going to be the reason why we win,” Cheryl Reeve says of Team USA. It’s the Team USA way, and nothing less.

Persons: Cheryl Reeve, ”, Reeve isn’t, Reeve, There’s, A’ja Wilson, Breanna Stewart, Diana Taurasi, Wilson, there’s, hasn’t, Alyssa Thomas, — Reeve, ” Cheryl Reeve, “ It’s, Gregory Shamus, ” Reeve, Dan Goldfarb, Juan Ocampo, Ryan Stetz Organizations: Team USA, USA, Olympic, WNBA, Las Vegas Aces, Russia, doesn’t, USA’s, Germany, Minnesota Lynx, Lynx, Japan Locations: Paris, Barcelona, Spain, Japan, Belgium, Germany

☆ The Israel-Hezbollah war that no one wants could finally blow up
▼ + stars: | 2024-07-28 | by ( Analysis Elliott Gotkine | ) edition.cnn.com time to read: +4 min

“We are approaching the moment of an all-out war against Hezbollah,” he said in an Israeli television interview on Saturday evening. And yet, over the past near-10 months of fighting, Israel, Hezbollah and Iran have always pulled back from what appeared to be the brink. All-out war failed to materialise. All-out war failed to materialise. The best way to avoid all-out war between Israel and Hezbollah, says Blinken, is to get a ceasefire in Gaza.

Persons: Amos Hochstein, Joe Biden’s, ”, Majdal Shams, Will Hochstein’s, Israel Katz, Antony Blinken, We’re, Naftali Bennett, “, Aaron David Miller, Israel, can’t, Yoav Gallant, didn’t Organizations: CNN, Carnegie Endowment, International Peace, Iranian Revolutionary Guards Corps, UN, Israeli Locations: Israel, Lebanese, Golan, Chebaa, Lebanon, Majdal, United States, Iran, Beirut, Damascus, Gaza

☆ US women’s gymnastics team’s history-making members inspiring gymnasts at home
▼ + stars: | 2024-07-28 | by ( Rikki Klaus | ) edition.cnn.com time to read: +6 min

CNN —The most diverse US women’s gymnastics team in history will begin competing this weekend at the Olympic Games, inspiring younger gymnasts in the process. But far from Paris, at James Jones Gymnastics Academy (JJGA) in Jonesboro, Georgia, everyone — from the eponymous Jones himself to his gymnasts – are Black. The gym owner and coach said seeing this year’s diverse Olympic team competing at the highest level in a sport where their race has been underrepresented is inspiring. “It makes me feel wonderful,” Jones told CNN. Jones said he had also seen the effect this Olympic team was having on his young gymnasts.

Persons: —, Jones, –, ” Jones, Simone Biles, Suni Lee, Jade Carey, Jordan Chiles, Hezly Rivera, ”, Zuri Norwood, Danielle Saxon, ” Zuri, Phoenix, Rogers, White, ” Phoenix, she’s, Onnie Rogers, “, there’s, ” Rogers, ‘, Betty Okino, didn’t, that’s, Brown, ” Corrinne Tarver, we’ve, ’ ”, Tarver, “ We’re, ” Tarver, ” Zuri’s, Cruz Norwood Organizations: CNN, Olympic Games, USA, James Jones Gymnastics Academy, Olympic, Tokyo Games, Team USA’s, Norwood, Phoenix Rogers, NCAA, UCLA, of Comparative, University of Chicago, Fisk University Locations: Paris, Jonesboro , Georgia, Chicago, Georgia

☆ Generative AI requires massive amounts of power and water, and the aging U.S. grid can't handle the load
▼ + stars: | 2024-07-28 | by ( Katie Tarasov | ) www.cnbc.com time to read: +4 min

Katie TarasovChasing powerThere are more than 8,000 data centers globally, with the highest concentration in the U.S. And, thanks to AI, there will be far more by the end of the decade. Boston Consulting Group estimates demand for data centers will rise 15%-20% every year through 2030, when they're expected to comprise 16% of total U.S. power consumption. Tench said Vantage's data centers typically have the capacity to use upward of 64 megawatts of power, or as much power as tens of thousands of homes. And as we think about AI applications, those numbers can grow quite significantly beyond that into hundreds of megawatts," Tench said . Vantage Data Centers is expanding a campus outside Phoenix, Arizona, to offer 176 megawatts of capacity Vantage Data CentersHardening the gridThe aging grid is often ill-equipped to handle the load even where enough power can be generated.

Persons: Katie Tarasov, they're, OpenAI's ChatGPT, Jeff Tench, Tench, there's, Shaolei Ren, Rahul Chaturvedi, Chaturvedi, ChatGPT Organizations: Boston Consulting, CNBC, Vantage, North, University of California, U.S Locations: Santa Clara , California, U.S, Silicon Valley, North America, Northern California, Ohio , Texas, Georgia, Phoenix , Arizona, Riverside, Virginia, San Diego

☆ What is the Golan Heights and who are the Druze?
▼ + stars: | 2024-07-28 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +5 min

CNN —Tensions between Israel and the Lebanese militant group Hezbollah have reached new heights in the wake of a deadly rocket attack in the Israeli-occupied Golan Heights. Here’s what to know about the Golan Heights, and the religious and ethnic Druze minority that fell victim to the attack. What is the Golan Heights? More than 20,000 Druze live in the Golan Heights. Druze of the Golan Heights share the territory with around 25,000 Jewish Israelis, spread across more than 30 settlements.

Persons: Majdal Shams, Israel, Donald Trump, Israel’s, Golan, Jalaa Marey, Law, ” Organizations: CNN, Hezbollah, United Nations, UN, Golan Regional Council, Regional Council, UN Human Rights, Getty, Nation Locations: Israel, Lebanese, Golan, Majdal, Iran, Syria, Jordan, Lebanon, Syria’s, Damascus, Gaza, Egypt, Syrian, Majdal Shams, AFP, ”, Carmel, Galilee, Israel’s

☆ I threw my son's Xbox out the window. Now, he's a national champion gamer playing for college scholarships.
▼ + stars: | 2024-07-28 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

My sons, Taylor and Tyler, started playing video games when they were 5 and 6. I had never heard of esports — or competitive video gaming — but at an open house, Taylor introduced me to the coach. Because of that, video gaming can now open up opportunities for students the same way traditional sports can, he said. Courtesy of Sherry WilliamsI was convinced, but I still had the rule that the boys couldn't play video games during the week. I even use the streaming platform Twitch to watch games that Taylor has played as if they're real sporting events.

Persons: —, Sherry Williams, Taylor, Tyler, Taylor couldn't, esports, I'm, Johnson, I've Organizations: Service, Business, Smith University

☆ China just expanded its efforts to boost consumption. Here are some stocks to watch
▼ + stars: | 2024-07-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China has, in its own way, signaled it wants to support specific kinds of consumer purchases. Authorities on Thursday announced the equivalent of 300 billion yuan ($41.5 billion) in special bonds would go towards trade-ins and equipment upgrades — a significant expansion of an existing program. The 300 billion yuan ultra-long bond issuance is not a new government allocation, but rather a more detailed designation of a 1 trillion yuan ultra-long bond program announced earlier this year. "300 billion yuan is the largest equipment upgrade subsidy from the central government historically," the analysts said. Even the 300 billion yuan figure is split roughly between consumer-related trade-ins with business-side equipment upgrades.

Persons: Ding, Morgan Stanley, Tao Wang, Darius Tang, Corporates, Fitch Bohua, Michael Bloom Organizations: China Asset Management Co, UBS Investment Bank Locations: China, Beijing, Asia

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