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During Greece's peak power demand this year, also on July 24, solar photovoltaics covered 3.5GW of the total 10.35GW demand, grid operator IPTO said. Even in cooler and less sunny western countries such as Belgium, solar energy has covered more than 100% of the extra energy needed during midday spikes in power demand. Analysts say a second factor has helped to keep Europe's energy systems running this summer: overall, power demand has been relatively low. That has been the case since Europe's energy crisis last year, when Russia cut gas deliveries to Europe. "The only reason why this has been bearable is the low power demand environment that we're currently in," Refinitiv's Gerl said.
Persons: Nicolas Economou, Kristian Ruby, Electrica, Nathalie Gerl, IPTO, Spain's, Refinitiv's Gerl, Simone Tagliapietra, Kate Abnett, Susanna Twidale, Barbara Lewis Organizations: REUTERS, Analysts, Energy, European Commission, SolarPower, Thomson Locations: Rhodes, Greece, Europe, BRUSSELS, LONDON, Spain, Ukraine, Catania, Etna, Sicily, Athens, Belgium, Russia
Phillies aim to continue winning ways vs. Marlins
  + stars: | 2023-08-02 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
August 2 - The Philadelphia Phillies will look to record their third straight victory in their four-game series against the host Miami Marlins on Wednesday night. Miami also sent stellar pitching prospect Jake Eder to the Chicago White Sox for third baseman Jake Burger. Finally, the Marlins sent first baseman Garrett Cooper and right-handed pitcher Sean Reynolds to San Diego for pitcher Ryan Weathers. "It's hard to see a couple of those guys leave," Marlins manager Skip Schumaker said following Tuesday's game. Unfortunately for the Marlins, Robertson squandered a save chance on Tuesday.
Persons: Michael Lorenzen, Lorenzen, Josh Bell, Jean Segura, Kahlil Watson, Miami, Jake Eder, Jake Burger, Garrett Cooper, Sean Reynolds, Ryan Weathers, David Robertson, Jorge Lopez, Skip Schumaker, Segura, Cooper, Zack Wheeler, Braxton Garrett, Wheeler, Garrett, Robertson, Bryce Harper, Nick Castellanos, Kyle Schwarber stunk, Castellanos Organizations: Philadelphia Phillies, Miami Marlins, Phillies, Detroit Tigers, Tigers, Marlins, Miami, Chicago White Sox, Thomson Locations: Philadelphia, Miami, San Diego
A worker trims leaves of young cannabis plants in a greenhouse at a Cresco Labs Inc. facility in Indiantown, Florida, U.S., on Monday, March 28, 2022. A $2 billion mega-deal between cannabis multistate operators Cresco Labs and Columbia Care has gone up in smoke more than a year after the companies announced the acquisition, the companies said Monday. "In light of the evolving landscape in the cannabis industry, we believe the decision to terminate the planned transaction is in the long-term interest of Cresco Labs and our shareholders," Cresco CEO Charles Bachtell said in a statement. Columbia Care has a market cap of about $200 million. Columbia Care CEO and co-founder Nicholas Vita added that after careful consideration, the decision to remain solo is "the best path forward for Columbia Care's employees, customers, and shareholders."
Persons: weathers, Charles Bachtell, Bachtell, Nicholas Vita, Sean, Diddy, Combs Organizations: Labs Inc, Cresco Labs, Columbia Care, Columbia Locations: Indiantown , Florida, U.S, Chicago, New York, New York , Massachusetts, Illinois
The shift to remote work early in the pandemic allowed wealthy residents to ditch big cities in droves and set up shop in smaller cities and towns nearby. While the surging costs of housing and the new freedom of remote work helped trigger this mass migration, small cities have been laying the groundwork over the last decade to entice these big-city refugees. Then came the pandemic, and remote work suddenly made small cities a viable home for wealthy professionals. For the past two decades, cities have turned to an economic development strategy I've deemed "the city authentic." It spiked even more during the pandemic when change of addresses from New York City jumped a whopping 787%.
Persons: Tim Burton, , Richard Florida, millennials, DAVID BREWSTER, downtowns, weathers, It's, Alison Roman, Chrissy Teigen, it's, restaurateurs, John Greim, Instagramable cafés, David A, Banks Organizations: Urban, New York Times, Creative, The New York Times, Industrial Development Agency, IDA, Arts, Craft, Fulton, Star Tribune, Getty, Social, Business, New York City, Neighborhood Initiative, Globalization Studies, University, Albany SUNY, UUP Locations: America, Hudson, New York City, Austin , Texas, Charlotte, North Carolina, Denver , Minneapolis, Salt Lake City, Dallas, Louisville, Connecticut, Florida, Washington, Fulton, New York, Athens, Georgia, Tulsa , Oklahoma, Arts District, Saint Paul , Minnesota, , New York, Rensselaer, Troy, Rensselaer County, Newark , New Jersey, Dudley, Boston
It's a good idea to get several quotes from a few different insurance companies looking to make sure that the coverage is the same. Related: The best homeowners insurance companies »2. Review payment optionsMany insurance companies charge more for dividing your premium into monthly payments, so you can save money by paying upfront. According to FICO, many insurance companies will look at your credit based insurance score as a part of setting rates. If you pay your insurance premium on a monthly basis, add the extra amount into your budget now. When I owned my home in Washington, D.C., I would use part of my annual bonus to pay my homeowners insurance premium upfront and in full.
Persons: weathers, you've, FICO Organizations: Service, Allstate, Washington , D.C Locations: Wall, Silicon, Washington ,
Medvedev weathers Eubanks storm to reach semis
  + stars: | 2023-07-12 | by ( Martyn Herman | ) www.reuters.com   time to read: +3 min
Medvedev clung on stubbornly, however, and as the fire in the Eubanks racket began to fade he took charge to reach the semi-finals at the grasscourt slam for the first time. Eubanks used his sledgehammer forehand to break the Medvedev serve to lead 3-1 in the second set -- beaming broadly and imploring the crowd for more noise. Medvedev looked bewildered and out of ideas as Eubanks kept swinging for the hills, landing blow after blow. Medvedev looked close to boiling point as he whacked a ball dangerously close to the fans, argued with umpire Damien Dumusois and received a warning. Eubanks cut a dejected figure in the deciding set as his dream faded away and the end came quickly.
Persons: Russia's Daniil Medvedev, Christopher Eubanks, Toby Melville LONDON, Daniil Medvedev, Eubanks, Medvedev, Carlos Alcaraz, Cameron Norrie, Medvedev's, Damien Dumusois, John McEnroe, Martyn Herman, Ken Ferris, Ed Osmond Organizations: Lawn Tennis, Croquet Club, U.S, REUTERS, Wimbledon, Georgia Tech, Thomson Locations: London, Britain, Russian, British
He added that Nibulon never had faith in the Black Sea grain deal and was surprised it had been agreed in the first place. That share has risen to 70%-80% versus the volumes it ships across the Black Sea under the grain deal. He acknowledged that the Danube route where infrastructure is less developed is more expensive than the Black Sea. "We decided to have a more expensive logistics route, but more secure route." If the Black Sea deal ends on July 17, Nibulon would benefit in the short term, he said.
Persons: Son, KYIV, Oleksiy Vadaturskiy, Andriy, Vadaturskiy, Nibulon, It's, Tom Balmforth, David Evans Organizations: Black, Reuters, European Bank for Reconstruction, IFC, Thomson Locations: Russian, Kyiv ., Russia, Mykolaiv, Dnipro, Ukraine
MLB roundup: Shohei Ohtani wins, homers in Texas
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +7 min
[1/7] Jun 15, 2023; Arlington, Texas, USA; Los Angeles Angels starting pitcher Shohei Ohtani (17) reacts after hitting a two run home run in the eighth inning against the Texas Rangers at Globe Life Field. Ohtani (6-2) allowed two runs in six innings, and he also hit his 22nd homer. Donovan Solano belted a three-run homer for Minnesota, which had won four of five. Guardians 8, Padres 6David Fry capped a five-run first inning with a three-run homer and visiting Cleveland held on to defeat San Diego. The Padres countered with Manny Machado's three-run homer in the bottom of the first but failed to capitalize on a series of opportunities to pull even or take the lead.
Persons: Shohei Ohtani, Tim Heitman, Mickey Moniak, Moniak, Nathan Eovaldi, Nathaniel Lowe, Adolis Garcia, Freddie Freeman, Chris Taylor, Luis Robert Jr, Eloy Jimenez, Jake Burger, Andrew Vaughn, Caleb Ferguson, Garrett, Ian Happ, Christopher Morel, Chicago's Marcus Stroman, Nico Hoerner, Cody Bellinger, Jason Delay, Johan Oviedo, Ozzie Albies, AJ Smith, Shawver, Albies, Sean Murphy, Matt Olson, Kevin Pillar, Smith, Elias Diaz, Ezequiel Tovar, Ryan McMahon, Kyle Freeland, Anthony, Adley Rutschman, Austin Hays, Jorge Mateo, Tyler Wells, Danny Jansen, Bryce Harper, Aaron Nola, Gregory Soto, Seranthony Dominguez, Craig Kimbrel, Bryson Stott, Ketel Marte, Luke Raley, Raley, Austin Pruitt, Isaac Paredes, Taylor, Manuel Margot, Javier Baez, Spencer Torkelson, Matt Vierling, Matthew Boyd, Sonny Gray, Donovan Solano, Lane Thomas, Keibert Ruiz, Phil Maton, Thomas, Ruiz, Corey Dickerson, Kyle Tucker, Yainer Diaz, David Fry, Manny Machado's, Trevor Stephan, Emmanuel Clase, Ryan Weathers Organizations: Los Angeles Angels, Texas Rangers, Globe Life, The Angels, Rangers, Dodgers, White Sox, Chicago, The Dodgers, Cubs, Pirates, Pittsburgh, Braves, Rockies, Atlanta, Colorado, Orioles, Blue Jays, Anthony Santander, Baltimore, Toronto, Phillies, Diamondbacks, Philadelphia, Arizona, Rays, Athletics, Tampa Bay, Oakland, Tigers, Detroit, Minnesota, Nationals, Astros, Washington, Houston, The Nationals, Padres, Cleveland, San Diego, Thomson Locations: Arlington , Texas, USA, Texas, Los Angeles, Chicago, Atlanta, Phoenix, Oakland, Minnesota, Minneapolis, San
MLB roundup: White Sox sink Tigers on walk-off grand slam
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +12 min
White Sox starter Michael Kopech gave up two runs and three hits in seven innings while recording nine strikeouts. Clay Holmes (4-2) pitched a scoreless inning, while Wandy Peralta recorded the final four outs for his fourth save. Freeland (4-7) allowed two runs on four hits with no walks and one strikeout in seven innings. Rangers 12, Mariners 3A heavy offensive output combined with six scoreless innings from Nathan Eovaldi earned Texas a lopsided win over Seattle in Arlington, Texas. San Diego's Ryan Weathers (1-4) lasted just 1 2/3 innings, allowing seven hits and Chicago's first five runs.
Persons: Jake Burger, Kamil Krzaczynski, Luis Robert Jr, Spencer Torkelson, Liam Hendriks, Michael Kopech, Matthew Boyd, Andrew Benintendi, Alex Lange, Yoan Moncada, Tim Anderson, Burger, Eddie Rosario, Miguel Castro, Raisel Iglesias, A.J, Minter, Zac Gallen, Ji Hwan, Louis, Rich Hill, David Bednar, Andrew Knizner, Miles Mikolas, Kyle Higashioka, Oswaldo Cabrera, Anthony Volpe, Domingo, Clay Holmes, Wandy Peralta, Bobby Miller, J.D, Martinez, Yandy Diaz, Josh Lowe, Luke Raley, Taj Bradley, Alex Verdugo, Masataka Yoshida, Tanner Houck, Drew Ellis, Kyle Schwarber, Schwarber, Ellis, Stone, Ildemaro Vargas, Vargas, Dominic Smith, Riley Adams, Alex, Monasterio, Adrian Houser, Houser, Jake Fraley, Victor Caratini, Dominic Leone, Vladimir Guerrero Jr, Nate Pearson, Pete Alonso, Starling Marte, Adam Cimber, Erik Swanson, Jordan Romano, Garrett Cooper, Cooper, Yuli Gurriel, Bryan De La Cruz, Luis Arraez, Sandy Alcantara, National League Cy Young, Paul Blackburn, Ramon Laureano, Brady Singer, Maikel Garcia, Scott Barlow, Elehuris Montero, Ezequiel Tovar, Michael Massey, MJ Melendez, Garcia, Kyle Freeland's, Josh Naylor, Andres Gimenez, Joe Ryan, Triston McKenzie, Ryan, McKenzie, James Karinchak, Ohtani, Phil Maton, Zach Neto, Griffin Canning, Chris Devenski, Carlos Estevez, Nathan Eovaldi, Jonah Heim, Eugenio Suarez's, Ty France, Jose Caballero, Kolten Wong, Tyler Wells, James McCann, Josh Lester, Blake Sabol, McCann, Jorge Mateo, Anthony DeSclafani, Adam Frazier, Austin Hays, Ryan Mountcastle, Lester, Marcus Stroman, Miguel Amaya, Yan Gomes, Trey Mancini, Fernando Tatis Jr, Diego's Ryan Weathers, Chicago's Organizations: Chicago White Sox, Detroit Tigers, Chicago, White Sox, Detroit, Braves, Diamondbacks, Atlanta, Arizona, Pirates, Cardinals, Pittsburgh, Yankees, Dodgers, New York, National League, Red Sox, Tampa Bay, Boston, Phillies, Nationals, Washington, Brewers, Reds, Milwaukee, Cincinnati, Blue Jays, Mets, Brandon, Toronto, Marlins, Athletics, Miami, Oakland, Royals, Rockies, Kansas City, Colorado . Singer, Twins, Angels, Astros, Houston, Rangers, Mariners, Texas, Seattle, Orioles, Giants, Baltimore, San, Cubs, Padres, Thomson Locations: Chicago , Illinois, USA, Phoenix, Rosario, Arizona, New, Los Angeles, Domingo German, Tampa Bay, Philadelphia, New York, Colorado, Freeland, Cleveland, Minnesota, Minneapolis, Arlington , Texas, San Francisco, Baltimore, San Diego
I'm a college student at a university in Scotland who's studying abroad in California right now. I was surprised to learn that frat parties are fun and going to bars is better here in the US. Back in the UK, college sports matches weren't popular among my friends. But I quickly learned frat parties aren't so bad. Moreover, the "mean girls" I expected to meet at frat parties have yet to make an appearance for me.
For seven innings, the game was a pitchers' duel between Cleveland rookie Tanner Bibee and the Angels' Patrick Sandoval. Zach Elfin (5-1) got the win after allowing four runs on seven hits in his six innings, striking out nine and walking one. Royals starter Jordan Lyles (0-7) was tagged for seven runs in 2 1/3 innings, allowing four hits and three walks. The loss overshadowed another strong outing by Giants starter Logan Webb, who allowed one run on three hits over seven innings. Boston's Corey Kluber (2-5) surrendered four runs on seven hits in five innings.
Paris CNN —France’s finance minister is in the spotlight. “It is about music, my passion for music,” Le Maire insisted of the novel, whose central character is a piano virtuoso. Some in France chastized the finance minister for devoting time to writing, especially as the country weathers economic headwinds. The French finance ministry confirmed to CNN that Le Maire had warned the French presidency of the book before its release. And the finance minister seemed unabashed on Twitter.
He has turned, often, to the show’s star, Victoria Clark, for guidance. She’s a 63-year-old Tony winner (for “The Light in the Piazza”), and he’s a 19-year-old novice, and in the show they both play high school students who are about 16 years old. “How to not stay up late and play video games. It definitely took a step up in maturity for me to be working in the professional world. I’m still figuring out a lot of things.”Tesori remembers a day when she ran into Cooley on his way to Trader Joe’s and he blurted out “Hey, how do you cook?”
"We’re throwing in the towel on our previous Reduce and double upgrade Nvidia to Buy. Lee lifted his price target to $355 from $175. That compares to a median price target of $298.50. Nearly $11 billion worth of Nvidia stock had been exchanged as of midday on Tuesday, making it Wall Street's most traded stock for the session, according to Refinitiv. Nvidia on Feb. 22 forecast first-quarter revenue above Wall Street estimates, with CEO Jensen Huang telling analysts that use of its chips to power artificial intelligence services like chatbots had "gone through the roof."
MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
  + stars: | 2023-04-12 | by ( ) www.reuters.com   time to read: +11 min
Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.
Last quarter, Nvidia said tech giant Microsoft was deploying “tens of thousands” of its GPUs in its cloud unit Azure to train and use AI. Microsoft-backed OpenAI's ChatGPT runs entirely on Nvidia chips, Piper Sandler analyst Harsh Kumar said. Revenue from the data center business was $3.62 billion for the fourth quarter, slightly below analyst estimates of $3.84 billion. Gaming chip sales were $1.83 billion, beating analyst estimates of $1.52 billion, according to Refinitiv data. Adjusted profit was 88 cents per share for the fourth quarter, beating analyst estimates of 81 cents.
According to figures from the World Federation of Exchanges, U.S. equity market cap accounted for 41.0% of the world total last year. That was just below the previous year's 42.0%, which was the highest since 2003.chartBased on WFE data, U.S. market share has averaged 38.3% since 2000. Meanwhile, global equity market data provider MSCI estimates that U.S. market cap as a share of the global total hit a record high around 62% in 2021. THAT SHRINKING FEELINGAccording to Datastream, global market cap is around $85 trillion, down from a peak of just under $100 trillion in late 2021. chartShrinking the U.S. slice of the global market cap pie will take time, but there are indications that investors' U.S. equity holdings have already been cut significantly.
AMD shares popped about 3%. On Wall Street, several analysts reiterated AMD shares as a buy despite the continued overhangs in the chipmaking industry, and project upside for the stock. Goldman Sachs also maintained a buy rating on AMD, saying that despite broader market challenges, the company is on track towards a positive market share trajectory. 'Partly cloudy' results Deutsche Bank analyst Ross Seymore reiterated a hold rating on the stock, citing its "partially cloudy" fourth-quarter results. AMD shares have benefited from January's market and tech shares rally, jumping 16.03% since the start of 2023.
Adani Group – owned by Asia's richest man – has lost over $50 billion in market value in less than two days, per Bloomberg. The plunge follows a Hindenburg Research report this week accusing the Indian conglomerate of market manipulation. Shares in Adani Enterprises tumbled more than 19% Friday as the rout intensifies. At the time of writing, Adani Enterprises' stock was down about 15% to 2,848 rupees ($34.93). Meanwhile, Billionaire investor Bill Ackman voiced his support for Hindenburg Research's report, saying on Twitter Thursday that "I found the Hindenburg report highly credible and extremely well researched."
Mortgage rates fall to levels last seen in September
  + stars: | 2023-01-19 | by ( Anna Bahney | ) edition.cnn.com   time to read: +4 min
“As inflation continues to moderate, mortgage rates declined again this week,” said Sam Khater, Freddie Mac’s chief economist. But mortgage rates dropped in November and December, following data that showed inflation may have finally reached its peak. The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. “While our 2023 forecast anticipates ongoing inflation causing upward pressure on rates, recent favorable data has helped to pull mortgage rates down,” said Xu.
In a sign of its resolve to defend the yield cap, the BOJ on Monday announced plans to conduct additional, emergency bond-buying. To be sure, with global commodity prices falling, private analysts agree with Kuroda that inflation will slow back toward the BOJ's target later this year. It's better to remove the 10-year yield target, but overhauling YCC would raise questions of accountability." Data on Friday will likely show Japan's core consumer prices rose 4.0% in December, double the BOJ's target and a fresh 41-year high, a Reuters poll showed. "If markets continue to ask more from the BOJ, YCC may not last that long."
And as the worst economic fears recede, global investors are rapidly rethinking historical underweights in euro zone assets. "One of the main sources of downside risk for economic activity in the euro zone is dissipating," said UniCredit economist Edoardo Campanella. Euro zone economic surprisesUnicredit chart on EU gas storageEuro natural gas prices plungeWEIRD WEATHERThat's not to suggest the problem is gone. Although back below 2021's peaks, year ahead natural gas prices in Europe are still three times the average of 15 year up to the pandemic. But there's little doubt Europe at large is weathering the winter storm better than most had imagined only a few months ago.
Bitcoin hit $17,000 on Wednesday, trading at a two-week high. FTX, the once-$32 billion digital asset empire started by Sam Bankman-Fried, swiftly collapsed earlier this month and is raising contagion fears. And industry giant Genesis is organizing restructuring lawyers to prevent the crypto brokerage from going bankrupt, Bloomberg reported Tuesday. After losing two-thirds of its value since November 2021, the crypto industry continues to take hits — and despite the current bump in prices, the blows aren't done yet. Franzen see headwinds across the board for asset prices, with crypto looking particularly weak given the contagion events that have occurred.
Dividend stocks have held up far better than growth stocks this year, per Morningstar. The firm's Dividend Yield Focus Index is up 4%, whereas the overall US Market Index is down 20%. The firm shares 10 "undervalued" stocks, all of which have a dividend yield of 3.2% or higher. Dividend stocks from financially healthy companies may be the best way to hunker down and earn passive income. Morningstar shared these 10 "undervalued" stocks, all of which have a forward dividend yield of 3.2% or higher.
Here are Friday's biggest calls on Wall Street: Bank of America reiterates Roblox as buy Bank of America said it's standing by shares of the stock heading into earnings next week. JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty. " Piper Sandler downgrades Atlassian to neutral from overweight Piper said it sees a slowdown in subscription billings for the software developer. " Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said it sees 200% upside in shares of the golf company. "
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