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☆ What to Know About the Summit Between Putin and Xi in China
▼ + stars: | 2024-05-15 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

When China’s top leader, Xi Jinping, hosts President Vladimir V. Putin of Russia this week, the two leaders are expected to present a united front. Mr. Putin is trying to escalate his war in Ukraine before Ukrainian forces can receive a replenishment of arms from the United States, and likely wants to know he can rely on China. Mr. Xi will seek to bolster his strategic partner and “old friend,” but is also under pressure to avoid further alienating the West over his support for Russia. Mr. Putin will most likely seek more help from Beijing, which has provided a lifeline to the Kremlin ever since Western sanctions were imposed on Russia for its invasion of Ukraine more than two years ago. China purchases huge quantities of Russian oil and provides technologies that help Moscow withstand its economic isolation and sustain its war machine.

Persons: Xi Jinping, Vladimir V, Putin, Mr, Xi, Putin’s Organizations: West, Russia, Kremlin Locations: Russia, Ukraine, Ukrainian, United States, China, Beijing, Harbin

☆ This year's biggest air battles are showing the US what it could need most in a missile war with China
▼ + stars: | 2024-05-15 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +13 min

AP Photo/Evgeniy Maloletka, FileThe war has shown how effective air defenses can be at denying air superiority, protecting key areas, and threatening high-value aircraft, as well as the costs when capabilities are degraded. Ukraine's air defenses, like its Soviet-era S-300s and US-supplied Patriots, have defeated enemy missile and drone strikes, hindered Russian air operations, and shot down numerous fighter-bombers and other Russian planes. "Ukraine and NATO might reduce risks with a two-prong strategy of strengthening air defenses and boosting infrastructure resilience." Needing more interceptors for the PacificFrom the fights this year, the US can see how it'll need to employ air defenses in a potential showdown with China. Running out of air defenses before the enemy runs out of air threats spells trouble.

Persons: —, Bradley Martin, Evgeniy, Volodymyr Zelenskyy, Firefighters, Archer Macy, Martin, Shaan Shaikh, We've, Amir Cohen TPX, Shaikh, it's, Andy Wong, Thomas Shugart, Shugart, Joshua Smoot, Heath Collins, Navy Carlos Del Toro, Macy, Mark Wright Organizations: Service, Business, US Navy, Ukraine, AP, Patriots, Institute for, Emergency, Ministry, RAND Corporation, NATO, Western, Central Command, Combat, Navy, RAND, Patriot, US, Missile Defense, Center for Strategic, International Studies, REUTERS, China, Pentagon, Defense, Center, New, Air Force, 37th Expeditionary Bomb Squadron, Andersen Air Force Base, US Air Force, Aegis, Missile Defense Agency, Former Navy, CSIS, Pacific Missile, AP Air Locations: China, Ukraine, Israel, Navy, Russia, Congress, Avdiivka, Kharkiv, Russian, Kyiv, NATO, Yemen, Gulf of Aden, Iran, Red, Screengrab, French, Ashdod, South Korea, Japan, Guam, Beijing, New American, Gen, Kauai, Hawaii

☆ An elite hedge fund bought 1 million GameStop shares before the meme stock's 400% surge
▼ + stars: | 2024-05-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

A top hedge fund built a GameStop stake from scratch last quarter ahead of the meme stock's surge. Renaissance Technologies' 1 million shares were briefly worth $65 million at Tuesday's high. AdvertisementA world-beating hedge fund revealed it built a GameStop stake from scratch last quarter, making it a potential winner from the meme stock's explosive leap this week. Renaissance Technologies owned 1 million shares of the video-game retailer at the end of March, a position worth $13 million at the time, its first-quarter portfolio update shows. GameStop stock was up more than 400% at its Tuesday high, briefly valuing RenTech's stake at $65 million if still intact.

Persons: Jim Simons, — Organizations: GameStop, Technologies, AMC, Nvidia, Service, Renaissance Technologies, Business

☆ Jim Cramer dissects the pop in homebuilder Toll Brothers and 5 other Wednesday movers
▼ + stars: | 2024-05-15 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

"They can't do any more to Boeing," Cramer said. When you go after a person, that's jail time, and that's how you fix things, unfortunately. Wells Fargo raised its price target on Toll Brothers to $150 per share from $142 ahead of next week's earnings. "It is the key to the market," Cramer said, before pointing to a Dell stock chart and circling the day of Nvidia 's GTC conference. Cramer added, "You've got to go to Dell, and that's been off to the races ever since then."

Persons: Jim Cramer's, Jim Cramer, Cramer, Wells Fargo, would've, They're, Morgan Stanley, Jensen, Michael Dell, You've, that's, Mills, Campbell, Bernstein, Kellogg Organizations: CNBC, Club, Boeing, Justice Department, CPI, Dell Technologies, Dell, Nvidia

☆ The Pentagon is sending 2 Navy warships to protect the floating pier to bring aid to Gaza by sea
▼ + stars: | 2024-05-15 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +4 min

Read previewNavy warships will help protect the US military's soon-to-be-completed pier to deliver aid to starving Palestinians in Gaza, the Pentagon said Tuesday. Pentagon spokesman Maj. Gen. Pat Ryder told reporters at a briefing Tuesday that Navy ships will be part of the security plan for the operation. A Navy official told Military.com that the sea service is assigning two destroyers to the mission. But aid has been slow to come in through those routes either due to closures or heavy screenings by Israeli officials . At the beginning of April, Israeli forces conducted repeated airstrikes on a World Central Kitchen convoy of aid workers, killing seven.

Persons: —, Pat Ryder, Military.com, Roy P, Benavidez, Ryder, P Organizations: Service, Pentagon, Navy, Business, Israeli Defense Forces, Hamas, Maxar Technologies, Reuters, Army Locations: Gaza, Ashdod

☆ Dell to start handing out red flags to staff who don't come to the office enough, and some employees feel 'tracked like kindergarteners'
▼ + stars: | 2024-05-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

Dell started monitoring attendance on May 6 and will make the data visible on each hybrid employee's profile on HR platform Workday this week. Dell's memo states: "As the next step in implementing our Hybrid Work Policy, we will track onsite presence using badge swipes for hybrid-designated team members." The color by their name will be considered for performance evaluations, rewards, and compensation, Dell told employees. Staff who opted to remain remote during the company's overhaul of its hybrid work policy, which was first announced in February, will not be monitored. AdvertisementDell's HQ in Round Rock Texas, where staff attendance will be monitored.

Persons: —, Michael Dell, Dell, Brandon Bell Organizations: Service, Business, Dell, Dell Technologies, Staff, BI, Google, Deutsche Bank Locations: Round Rock

☆ OpenAI’s Chief Scientist and Co-Founder Is Leaving the Company
▼ + stars: | 2024-05-14 | by ( Cade Metz | ) www.nytimes.com time to read: +1 min

Ilya Sutskever, the OpenAI co-founder and chief scientist who in November joined three other board members to force out Sam Altman, the company’s high-profile chief executive, before saying he regretted the move, is leaving the San Francisco A.I. After returning to OpenAI just five days after he was ousted, Mr. Altman reasserted his control and continued its push toward increasingly powerful technologies that worried some of his critics. Dr. Sutskever remained an OpenAI employee, but he never returned to work. “This is an emotional day for all of us,” Mr. Altman said in an interview. “OpenAI would not exist without him and certainly was shaped by him.”

Persons: Ilya Sutskever, Sam Altman, San Francisco A.I, Sutskever’s, Altman, Sutskever, ” Mr, “ OpenAI, ” Organizations: San Locations: San Francisco, Silicon, OpenAI

☆ Executives at these companies, including Disney, are scooping up stock amid the market comeback
▼ + stars: | 2024-05-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Corporate executives and board members have made several notable buys of their own stock in the opening days of May, including a big Wall Street name buying shares of Walt Disney . Director James Gorman bought 20,000 shares of the entertainment company for $2.1 million on May 8, according to securities filings and VerityData. Gorman's buy is something of an outlier among Disney executives this year, as two executive vice presidents have made small sales in 2024. Several other Macerich insiders have also bought shares in May. Pegram also bought shares in March.

Persons: Walt Disney, James Gorman, Gorman, Morgan Stanley, Gorman's, Ali John Mirshekari, Martha Sullivan's, Jackson Hsieh, Macerich, Michael Pegram's, Pegram, —, Nick Wells Organizations: Walt, Disney, Sensata, MAC, Caesars Entertainment, Caesars Locations: America

☆ The 2024 CNBC Disruptor 50: How we chose the companies
▼ + stars: | 2024-05-14 | by ( David Spiegel | ) www.cnbc.com time to read: +5 min

These companies are upending the classical definition of disruptive innovation that shaped the creation of the Disruptor 50 list more than a decade ago. A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is "critical" to their businesses. Thirteen of the 2024 Disruptors call themselves "generative AI companies," including five of the top ten on this year's list. Here's how we chose them in 2024:All private, independently owned startup companies founded after Jan. 1, 2009, were eligible to be nominated for the Disruptor 50 list. New for 2024, CNBC formed a Disruptor 50 VC Advisory Board, in an effort to leverage the valuable expertise of leading venture capital firms and investors.

Persons: disruptors, Jan, — Organizations: CNBC, Advisory, SpaceX

☆ 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

☆ 2. Anduril Industries
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

As the U.S. military modernizes and new aerial threats have defined recent wars, defense technology company Anduril Industries is getting ahead with a tech-smart, Silicon Valley approach in selling to the Pentagon, recently introducing several new AI-powered drones, and supplying Ukraine. Anduril has emerged as a disruptor to traditional contractors such as Lockheed Martin, Raytheon and Northrop Grumman and a competitor to several defense unicorns such as Shield AI and Epirus. The company is getting ahead in the defense sector by proactively financing its own research and product development, and then making sales — a departure from the standard military contract-and-then-build process. Loaded with venture capital funding from major investors Andreessen Horowitz, Founders Fund and General Catalyst, Anduril is on a fast track. Last year, Anduril launched several new drones that rely on its Lattice AI-powered command and control software used by the U.S. military and allies to direct human-assisted robotics systems to perform complex missions.

Persons: Anduril, Lockheed Martin, Northrop Grumman, Palmer Luckey, Brian Schmipf, Andreessen Horowitz, Catalyst Organizations: Anduril Industries, Pentagon, Lockheed, Raytheon, Northrop, VR, Facebook, Founders Fund, U.S . Locations: Ukraine

☆ 5G and 6G are among 'the most strategic sectors' in the AI age, a national security advisor says
▼ + stars: | 2024-05-14 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +4 min

The US is strengthening its 5G infrastructure, according to a National Security Council official. She said the US must improve its telecom infrastructure. This article is part of "5G and Connectivity Playbook," a series exploring some of our time's most important tech innovations. The US is bolstering its 5G infrastructure in the age of AI. Anne Neuberger, the deputy national security advisor for cyber and emerging tech, said that 5G and 6G were some of "the most strategic sectors," especially since telecom and data-center infrastructure houses the data required to train artificial-intelligence models.

Persons: —, Anne Neuberger, Niloofar Razi Howe, Neuberger, It's Organizations: National Security Council, Service, Conference, Capitol Meridian Partners, Huawei, Telecom, Biden, Wireless, Chain Innovation, White House, Strategy Locations: San Francisco, China, India, Japan, Europe, Ukraine, Russia

☆ Genius or madness? Why Putin wants an economist to be Russia's new defense minister at a key point in the war
▼ + stars: | 2024-05-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

But Putin's replacement of Defense Minister Sergei Shoigu was unexpected — and his choice of successor, civilian economist Andrei Belousov, was even more of a surprise. Russia's incoming Defense Minister Andrey Belousov. "Belousov's main goal is to secure [Russia's] military needs in terms of arms. The Kremlin announced on Sunday that Shoigu, Russia's defense minister since 2012, had been relieved of his post and would become secretary of Russia's influential Security Council. Prigozhin died last August in a plane crash after a short-lived and ill-fated rebellion against Russia's military leadership.

Persons: Vladimir Putin, Miguel Diaz, Maxim Shemetov, Sergei Shoigu, Andrei Belousov, Belousov, Putin, Andrey Belousov, Shoigu, Belousov's, Dmitry Peskov, Peskov, Uralvagonzavod, Ramil Sitdikov, Staff Valery Gerasimov, Tatiana Stanovaya, Stanovaya, Nikolai Patrushev, Yevgeny Prigozhin, Ukraine —, Prigozhin, Valery Gerasimov, Mikhail Klimentyev Organizations: Cuban, Canel, Reuters, NATO, Institute for, Anadolu, Getty, Kremlin, Russian MoD, Defense Ministry, Sputnik, Afp, Staff, Carnegie Russia Eurasia Center, CNBC, Nazi, Security, Wagner Group, Russian Armed Forces, Russian Defence, Defence Ministry Board, National Defence Control Centre Locations: Moscow, Russia, Ukraine, Washington, Kharkiv, Russian, Urals, Nizhny Tagil, Nazi Germany, Kremlin

☆ China and India still rely heavily on coal, climate targets remain 'very difficult' to achieve
▼ + stars: | 2024-05-14 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

China and India have not reduced coal generation for electricity, according to a new study, making it harder for Asia's largest carbon emitters to reach their climate targets. While both Asian countries have ambitious plans to cut emissions, heavy reliance on coal — the dirtiest fossil fuel — continues to be the most reliable and affordable way of meet rising electricity demand. The highest increases came from China (+319 TWh) and India (+100 TWh), the study showed. According to the IEA, coal remains the biggest energy source for electricity generation, supplying more than one-third of global electricity. "It will be very difficult to meet targets without a rapid face down in coal.

Persons: Francis Johnson Organizations: Global, Stockholm Environment Institute's Asia Locations: China, India, Stockholm

☆ China’s Alibaba stock drops almost 6% after earnings report shows profit tumbled 86%
▼ + stars: | 2024-05-14 | by ( ) edition.cnn.com time to read: +3 min

China’s largest e-commerce group by market share has had a tumultuous year since announcing the biggest shake-up in its 25-year history in March 2023, splitting into six units and refocusing on its core businesses, including domestic e-commerce. Group net income, however was 3.27 billion yuan ($452 million), compared with 23.52 billion yuan a year ago. The group reported revenue of 221.87 billion yuan in the three months ended March 31, compared with a consensus estimate of 219.66 billion yuan, according to LSEG data. The segment delivered with 45% growth, compared with an expected 39% revenue rise, according to LSEG data. It also saw losses nearly double to 4.1 billion yuan ($567 million) from 2.2 billion a year ago as it invested heavily to remain price competitive and shorten delivery times.

Persons: Joe Tsai, ”, “, Jacob Cooke Organizations: Reuters, Consumers, Tmall, Technologies Locations: Hong Kong, New York, China

☆ Uber to acquire Foodpanda's Taiwan business for $950 million, creating a potential monopoly
▼ + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

(Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)Uber Technologies will acquire the Taiwan business of Delivery Hero -owned Foodpanda for $950 million in cash, as Foodpanda focuses on other markets. In a separate agreement, Delivery Hero will sell $300 million in newly issued ordinary shares to Uber. Taiwan's food delivery market is dominated by Foodpanda and Uber Eats. Delivery Hero said in February it had ended talks to sell its Foodpanda business in selected Southeast Asian markets. Östberg told CNBC the same month that the firm was "happy" to hold on to its Foodpanda business in Southeast Asia "forever."

Persons: Walid Berrazeg, Niklas Östberg, Pierre, Dimitri Gore, Uber, Foodpanda, Östberg, – CNBC's Ryan Browne, Dylan Butts Organizations: Getty, Technologies, Coty, Foodpanda, CNBC Locations: TAIPEI, TAIWAN, Taipei, Taiwan, Asia, Singapore, Malaysia, Thailand, Philippines, Hong Kong, Southeast Asia

☆ Biden to increase tariffs on $18 billion in Chinese imports in a new warning to Beijing
▼ + stars: | 2024-05-14 | by ( Kayla Tausche | ) edition.cnn.com time to read: +5 min

Washington CNN —President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s development of critical technologies and instead prioritize US production. The increases will apply to imported steel and aluminum, legacy semiconductors, electric vehicles, battery components, critical minerals, solar cells, cranes and medical products. That same trade law also requires the effectiveness of such tariff programs to be evaluated every four years, and the Biden administration decision is the result of that study. “China can’t be the only country that produces clean technology for the world we need,” a senior administration official said. The Chinese government, Biden argued, is providing state money to Chinese steel companies to make more steel than the economy demands, pushing down the price and making it impossible for other companies to compete.

Persons: Joe Biden, “, ”, Lael Brainard, “ China’s, Donald Trump, Biden, Wang Wenbin, Trump, Janet Yellen, Antony Blinken, “ They’re, ” Biden, Sam Fossum Organizations: Washington CNN, White, National Economic Council, CNN, Biden, Trade Organization, Brookings Institute, United Steelworkers, Trump, China’s Ministry, Commerce Locations: China, Beijing, Europe, Brazil, Turkey, Pittsburgh, Midwest

☆ Stocks making the biggest moves midday: Walgreens, GameStop, Intel, Robinhood and more
▼ + stars: | 2024-05-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

GameStop — Shares in the video game retailer soared more than 65% on Monday after "Roaring Kitty," the man who fueled the 2021 GameStop mania, posted online on Reddit for the first time in roughly three years. Reddit , Robinhood — Shares of the two companies that were involved with the meme stock mania in 2021 rose on Monday as GameStop surged. Reddit rose more than 9%, hitting its highest level since March, while retail brokerage stock Robinhood gained about 6.2%. Intel — The chipmaker gained nearly 4% after The Wall Street Journal reported that it is in talks for an $11 billion deal with Apollo Global Management to build a factory in Ireland. Airlines — American Airlines gained 4.4%, while United Airlines and Delta Air Lines added 2.9% and 1.7%, respectively, after HSBC initiated coverage with buy ratings.

Persons: Incyte, Morgan Stanley, —, Alex Harring, Brian Evans, Hakyung Kim, Jesse Pound Organizations: Walgreens, Alliance, Bloomberg, GameStop, Arm Holdings, Nikkei, Nexstar Media Group, CW, Intel, Street Journal, Apollo Global Management, Technologies, Susquehanna, Airlines — American Airlines, United Airlines, Delta Air Lines, HSBC, Delta Locations: Irving, Texas, Ireland

☆ This global stock could rally 140% on a hydrogen fuel boom, analyst says
▼ + stars: | 2024-05-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

WAH-FF 1Y line The number of hydrogen refueling stations, a key focus for Wolftank, has risen by more than 600% to 178 across Europe over the past decade. The company expects revenues from ongoing hydrogen projects to exceed 16 million euros in 2024, with projected figures for 2025 of around 18 million euros. "The company is seeing a great deal of customer interest in its hydrogen refuelling solutions," said Metzler analyst Guido Hoymann. Late last year, Wolftank was awarded a major hydrogen refueling station contract with a public transport provider near Lake Iseo in northern Italy. Last week, the company also revealed that it was awarded two further contracts totaling 6.7 million euros.

Persons: Metzler, Guido Hoymann, Wolftank, Patrick Speck, Miguel Lago Mascato, FactSet, — CNBC's Sophie Kiderlin Organizations: Wolftank, CNBC Locations: Austria, Europe, Germany, Italy, Lake Iseo, Emilia Romagna

☆ OpenAI gives a shoutout to Nvidia — plus, a new industrial stock joins our watchlist
▼ + stars: | 2024-05-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, it's, OpenAI, Mira Murati, Jensen Huang, We're, Jim's, Estee, Jim, Jim Cramer's Organizations: CNBC, Microsoft, Nvidia, Dover Corp, Clean Energy, Sustainability Technologies, Club, Vision, Bloomberg, Apple Vision, U.S, Jim Cramer's Charitable Locations: Illinois, Dover, U.S, China, Estee Lauder

☆ Looks like Masayoshi Son's plan to go all in on AI is starting to pay off for SoftBank
▼ + stars: | 2024-05-13 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The Japanese billionaire's conglomerate posted a $1.5 billion profit for its latest quarter. The gains come off the back of its big bet on chip firm ARM, which is targeting AI opportunities. Arm Holdings CEO Rene Haas is seeking to capitalize on the AI boom. But as the appetite for ARM's AI activities show, SoftBank has room to grow in the face of the latest boom. If he's able to find the right bets, AI could pay off handsomely in the long term.

Persons: Masayoshi, —, It's, SoftBank, Rene Haas, Michael M, Yoshimitsu Goto, Son, WeWork, AI's Organizations: ARM, Service, Son, Nasdaq, Apple, Arm, Funds, Nvidia Locations: Tokyo, Cambridge, London, Alibaba

☆ These 'short squeeze' candidates are being heavily bet against
▼ + stars: | 2024-05-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

As a new meme frenzy unfolds in the market, traders are once again making bets in stocks with high levels of short interest. This activity could lead several companies to become the next targets of a short squeeze. A short squeeze happens when a stock price surges and forces those shorting the stock to purchase shares, or cover their shorts, to buy back stock and cut their losses. Another solar name, Maxeon Solar Technologies , has its short interest as a percent of float at about 45%. The Children's Place is another short squeeze target, as 70% of its floating shares are being sold short.

Persons: Maxeon, Goldman Sachs Organizations: GameStop, Dow, Nasdaq, Investors, CNBC Pro, New York Stock Exchange, Solar Energy, Technologies

Smarter grids, like Chattanooga's, are just part of what it will take to modernize the American grid in the coming decades. A troubled transition to renewable energyOffshore wind farms are one of the growing areas of renewable energy. And the Edwards & Sanborn project, the US's largest solar energy and energy storage project in California, came online in January. Renewable energy is not only cleaner than fossil fuels but also often less expensive. Breaking down barriersThe US grid isn't designed for fluctuating renewable energy, so much of it goes to waste because clean-energy projects can't connect to the grid.

Persons: Kevin Schneider, Harris, Joe Rand, Joshua Rhodes, barleyman, Edwards, Rand, Philip Odonkor, Seib, headwinds, Julia Bovey, Ørsted, Bovey, Paul Denholm, We'll, Denholm, There's, PATRICK T, FALLON, we're, Schneider, We've, EPB, MISO, it's Organizations: Infrastructure, Service, Pacific Northwest National Laboratory, Nationwide, Biden, Lawrence Berkeley National Laboratory, University of Texas, Renewables, Sanborn, of Systems, Enterprises, Stevens Institute of Technology, Trump, Fork, Eversource Energy, National Renewable Energy Laboratory, Getty, Infrastructure Law Locations: Chattanooga , Tennessee, Chattanooga, EPB, Austin, Maine, North Carolina, California, United States

☆ Meet the group preparing for a Soviet Union-type collapse of the US economy
▼ + stars: | 2024-05-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.

Persons: —, Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago

☆ Australia and US unveil undersea drones Ghost Shark and Manta Ray
▼ + stars: | 2024-05-13 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Seoul, South Korea CNN —Ghost Shark and Manta Ray protect the undersea realm. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles – UUVs or drones – introduced recently by Australia and the United States respectively. But when Australia unveiled Ghost Shark last month, it called the prototypes “the most advanced undersea autonomous vehicles in the world.”The first Ghost Shark prototype, "Alpha," was co-developed by the Defence Science and Technology Group, Navy and Anduril Australia. Like the Orca, the Manta Ray hasn’t come together as quickly as Ghost Shark. Its program began in 2020 and DARPA didn’t give a goal for the Manta Ray – or some variant of it – to join the US fleet.

Persons: Ray, Manta Ray, Rodney Braithwaite, ” Shane Arnott, Anduril’s, ”, Tanya Monro, Emma Salisbury, “, ” Salisbury, Chris Brose, Northrop, Manta, Northrop Grumman, ” Kyle Woerner, Kyle Woerner, Manta Ray hasn’t, Manta Ray –, –, Salisbury, Sutton Organizations: South Korea CNN, Marvel, Defence Science, Technology Group, Navy, Anduril, Government Defence, Australian Defense Ministry, “, US Navy, Boeing, Pentagon, Advanced Research Products Agency, DARPA, Research Projects Agency, Northrop Grumman, Manta, Defense, Research, Agency, US, U.S . Navy Locations: Seoul, South Korea, Australia, United States, Iraq, Afghanistan, Ukraine, Kyiv, Swiss, Anduril Australia, Geostrategy, Southern California, Maryland, California, China, UUVs, Beijing, Canada, France, India, Iran, Israel, North Korea, Norway, Russia, United Kingdom, Sutton

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