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He also said that Flywire trading at a discount of about 25% is "unwarranted given the company's strong competitive position and organic revenue growth trajectory." "These risks along with a tough demand setting is likely to remove any support for the stock price." — Alex Harring 5:29 a.m.: BTIG moves to sidelines on McDonald's after earnings BTIG has a different taste in its mouth about McDonald's following earnings. The bank upgraded the delivery giant to buy from neutral and hiked its price target to $175 from $160. "We expect management to deliver a strong cost reduction program to support margin expansion and attractive EPS growth despite facing a backdrop of muted revenue growth," analyst Thomas Wadewitz wrote.

Persons: Flywire, Nate Svensson, That's, Svensson, — Alex Harring, Gross, Manav Gupta, Gupta, Jairam Nathan, Nathan, Tesla, Li, Edison Yu, Yu, Piper Sandler, Arvind Ramnani, Chegg, Ramnani, Alex Harring, Tyler Radke, Palantir, Radke, BTIG, Peter Saleh, Saleh, McDonald's, Thomas Wadewitz, Wadewitz, Fred Imbert Organizations: CNBC, Parcel Service, Deutsche Bank, UBS, Leadership, Li Auto, KraneShares CSI China Internet, Citi, Wall, Revenue, UPS Locations: Tuesday's premarket, Monday's, U.S, Israel

☆ China auto stock to rebound by 45% amid market rout, Deutsche Bank says
▼ + stars: | 2024-02-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors have an attractive entry point for Li Auto after a recent sell-off, said Deutsche Bank. His new target implies shares can surge 46.4% over the next year from Monday's closing level. LI KWEB 3M mountain Li Auto vs. the ETF, 3-months This underperformance comes despite Li having a "best-in-class" management team, the analyst said. Yu noted he used a lower multiple for Li Auto given the broader de-rating across Chinese ADR shares and global electric vehicle makers. Li shares popped more than 6% in early trading Tuesday.

Persons: Li, Edison Yu, Yu, Yu's Organizations: Li Auto, Deutsche Bank, CSI China Internet, Li Locations: U.S, China, Shanghai

☆ Haley’s voters might decide Biden’s fate in November. Here’s why.
▼ + stars: | 2024-02-06 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

In New Hampshire, more than 4-in-5 Haley voters said Trump would not be fit to serve again if convicted and that Biden had legitimately won. In that poll, two-thirds of Haley voters in Iowa said they would not vote for Trump in a general election; that number soared past three-fourths of her voters in New Hampshire. One key reason: fully 93% of all GOP-leaning voters said they disapproved of Biden’s performance as president. Madrid believes Biden’s record on immigration is the biggest obstacle to him harvesting support among the Republicans uneasy about Trump. Lake doesn’t agree that any single issue is critical for Biden with the kind of GOP voters who have rallied to Haley.

Persons: Nikki Haley’s, Donald Trump, Haley, Biden, Joe Biden, Haley –, Trump, ”, Smith, Michael Madrid, “ Trump, “, SSRS, “ Donald Trump, that’s, Alan Abramowitz, Ron DeSantis, it’s, Democratic pollster, Biden’s, ” Madrid, Haley herself, ” Jennifer Horn, MAGA …, ” Jim McLaughlin, Trump’s, McLaughlin, Bill McInturff –, –, Lake, Jean Carroll, ’, Taylor Swift, Chris Wilson, Republican pollster, Wilson, ” Wilson, Lake doesn’t Organizations: CNN, South Carolina Republican, Trump, White, GOP, Republican, Democratic, Trump Lincoln Project, Washington Post, University of Maryland, Capitol, CBS, Republicans, NBC News, Republican Party, South, Emory University, Florida Gov, Edison Research, Haley Iowa, Monmouth University, ”, Biden, New Hampshire Republican, NBC, AP Locations: Iowa, New Hampshire, California, Madrid, Washington, South Carolina, ” Madrid, McInturff, Lake, Trump

☆ Spotify needed Joe Rogan. And Joe Rogan needed Spotify. So they're sticking together.
▼ + stars: | 2024-02-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

But it's still going to be a major force in podcasting for years to come — because it's hanging on to Joe Rogan. Spotify says Rogan, the most popular person in podcasting, will be sticking around the platform via a "multiyear" contract. AdvertisementAll of this makes a lot of sense, given the way that podcasting — and Spotify's commitment to podcasting — has changed. That backing almost certainly helped keep Rogan with Spotify for another deal. So instead, this deal means Rogan gets a reliable income source, and Spotify gets the best-known name in the industry.

Persons: —, it's, Joe Rogan, Rogan, Rogan's, Meghan Markle, Prince Harry, Alex Cooper, Cooper, Alex Jones, Neil Young, Rogan didn't Organizations: Service, Spotify, Street Journal, Bloomberg, Business, Apple, YouTube, Edison Research

☆ Spotify renews deal with podcaster Joe Rogan, will put show on other platforms
▼ + stars: | 2024-02-02 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Spotify has signed a new blockbuster deal with polarizing podcaster and comedian Joe Rogan, but this time, his show won't be exclusive to Spotify, the company announced Friday in a news release. The multiyear deal with Rogan, the founder of "The Joe Rogan Experience," is said to be worth about $250 million, according to The Wall Street Journal, which first reported on the deal. Spotify also said it's expanding the partnership to allow the show to be available on other platforms. Spotify first brought "The Joe Rogan Experience" to its platform exclusively in 2020 in a deal that was reportedly worth more than $100 million. Spotify came under fire for hosting those videos, and dozens of Rogan's episodes were removed from the platform.

Persons: Joe Rogan, Rogan, Elon Musk, Neil Young, Joni Mitchell Organizations: Spotify, Wall Street, Edison Research, CNBC PRO Locations: U.S

☆ The quiet American: US reveals pavilion design for World Expo 2025
▼ + stars: | 2024-01-31 | by ( Christy Choi | ) edition.cnn.com time to read: +5 min

CNN —At next year’s World Expo, a grand carnival showcasing different nations’ achievements, the US is planning something unusually quiet. Courtesy Trahan ArchitectsWorld Expos, or World’s Fairs as some are known, have celebrated some of the major inventions of their time, including stereoscopic photography, vulcanized rubber, the zipper, the internal combustion engine and IMAX. Courtesy Trahan ArchitectsTrahan’s design features an elongated outdoor space sandwiched between two triangular buildings. Courtesy Trahan ArchitectsBut as well as representing American interests overseas, the pavilion design also draws on the nature, culture and history of the Expo’s host country. Expo 2025, which marks the second time Osaka has hosted the event, is expected to welcome almost 30 million visitors.

Persons: ”, Trey Trahan, Thomas Edison, Nikola Tesla, George Westinghouse, Rahm Emanuel, Biden, Donald Trump, Trahan, “ wabi Organizations: CNN, Fairs, Trahan Architects, Architects World Expos, Chicago World’s, Expos, US State Department, ES Global, Imagination, Trahan Locations: Osaka, Japan, Tokyo, Chicago, Seattle, Philadelphia, Paris, —, Los Angeles, New York, New Orleans, United States

☆ New Hampshire GOP primary electorate split between registered Republicans and undeclared voters in early CNN exit poll
▼ + stars: | 2024-01-23 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +4 min

CNN —The New Hampshire GOP primary electorate was relatively closely divided between voters registered as Republican and those registered as undeclared, the state’s term for independent voters, according to the initial results of CNN’s exit poll for the presidential primary. Trump voters and those backing former South Carolina Gov. Exit polls are a valuable tool to help understand primary voters’ demographic profile and political views. Issues driving votersAs in Iowa, New Hampshire’s Republican primary voters split closely between immigration and the economy as their top issues, with fewer citing abortion or foreign policy as their top concern. It includes 1,565 interviews with Republican primary voters across 40 different polling places.

Persons: Donald Trump, he’s, they’d, Nikki Haley, —, “, Trump, Haley, MAGA, Joe Biden’s Organizations: CNN, The New, The New Hampshire GOP, Trump, Republican, South Carolina Gov, Republican Party, Trump voters, New, Edison Research Locations: The New Hampshire, Iowa, New Hampshire

☆ Analysis: Why DeSantis’ departure isn’t likely to change the dynamic between Trump and Haley
▼ + stars: | 2024-01-21 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

The DeSantis and Haley camps each believed they would benefit if the other left the field and created an unambiguous one-on-one race with Trump. In fact, both the Trump and DeSantis campaigns believe that more of the Florida governor’s supporters will likely pick Trump. Any gain or loss for Haley among voters from DeSantis’ decision seems likely to affect the race only marginally, many GOP observers believe. Even at that point in the 2016 race, Trump had won only a cumulative 40% of the votes cast in the GOP primaries. His theory that he could peel away a meaningful number of previous Trump voters simply proved wrong.

Persons: New Hampshire CNN —, Ron DeSantis, Nikki Haley, Donald Trump, DeSantis, Haley, Trump, Joe Biden, Haley doesn’t, Biden, winnowing, Whit Ayres, ” Ayres, Texas Sen, Ted Cruz, George Conway, “ Trump, David Kochel, “, he’s, –, Trump’s, ”, Alex Stroman, Trump’s MAGA, MAGA, CNN DeSantis, “ DeSantis, Scott Reed, Bob Dole’s, John Connally, suburbanites, Vivek Ramaswamy, Donald Trump’s, ” Stroman, Jean Carroll, Mike Murphy, – Haley, Sen, Marco Rubio, she’s, Mike Dennehy, John McCain’s, Bill Kristol, Kristol, ” Kristol, Matt Gaetz, Ginger Heald, Ayres, Grover Cleveland, Republican Benjamin Harrison, Reed, Dole, Mike Pence, Pence, ” Reed, “ He’s Organizations: New Hampshire CNN, Florida Gov, GOP, South Carolina Gov, Republican, Trump, CNN, New Hampshire, Democratic, South, University of New Hampshire, Republicans, Texas, nonurban Whites, The, South Carolina Republican Party, Edison Research, Trump Trump, Biden, New Hampshire GOP, Florida Republican, Merrimack Republican, Committee, DeSantis Locations: Manchester, New Hampshire, Florida, South Carolina, New, Iowa, DeSantis, As, Hampshire, New York, Trump, The Florida, Trump’s, Texas, Charleston, Polk County, Trump’s Manchester , New Hampshire, Ukraine, Israel, ”

☆ Deutsche Bank sees 140% upside from this little-known electric flying vehicle stock
▼ + stars: | 2024-01-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Deutsche Bank is remaining bullish on aerial mobility company Archer Aviation in 2024. Joby Aviation is developing a similar electric flying vehicle that will also operate as an air taxi vehicle. The stock has been volatile since Deutsche first called it a top pick in November , which maintained the same $12 per share price target. ACHR mountain 2023-11-01 Archer Aviation stock since November. Roughly 39 million shares of Archer stock are being sold short, according to data from FactSet, or more than 21% of the floating shares.

Persons: Archer, Edison Yu, Yu, Archer's, Joby Organizations: Deutsche Bank, Archer Aviation, NASDAQ, Joby Aviation, Federal Aviation Administration, U.S . Air Force, Deutsche Locations: Archer

☆ Why Trump’s hold on evangelicals is so hard for DeSantis and Haley to break
▼ + stars: | 2024-01-14 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +15 min

Beyond Trump’s strong overall lead, the survey showed the former president attracting 51% support from Iowa evangelicals, far more than he drew in 2016. But Trump won the state by capturing 44% of evangelicals without a degree, double his share among the South Carolina evangelicals with a degree. This year, DeSantis will likely need to shake Trump’s hold on evangelical voters if he is to finish well enough in Iowa to remain a viable candidate after Monday. Asked if DeSantis can win evangelicals in Iowa on Monday, Vander Plaats pointedly responded: “I think he’ll do very well.”Compared to DeSantis, Haley isn’t betting on evangelical voters nearly as heavily in Iowa. Even in the most optimistic scenario for DeSantis or Haley, Trump’s hold on evangelicals without a college degree looks like a rock in the road for them.

Persons: Donald Trump’s, –, Texas Sen, Ted Cruz, Ron DeSantis, Cruz, DeSantis, Trump, ”, Gary Bauer, Nikki Haley, Mike Huckabee, Rick Santorum, Huckabee, Santorum, John McCain, Mitt Romney, Romney, Gary Langer, Trump’s, “ There’s, ’ ”, Bob Vander Plaats, Vander Plaats, Haley isn’t, Rubio, Haley, Robert P, Jones –, “ Trump, ” Jones, Jones, “, ” Bauer, you’ve Organizations: CNN, Yorker, Trump, Texas, Florida Gov, GOP, Des Moines Register, NBC, South Carolina Gov, Republican, McCain, ABC News, Edison Research, –, Public Religion Research Institute, Survey, College, New York Times, The New York Times, Democrats Locations: Iowa, Florida, The Iowa, Nevada , Missouri , Alabama, Georgia , Tennessee, Virginia , Michigan , Mississippi, North Carolina, South Carolina, Carolina, New Hampshire, American, America

☆ Thomas Edison tried to take credit for a device created by a Black American inventor
▼ + stars: | 2023-12-02 | by ( Yoonji Han | ) www.businessinsider.com time to read: +6 min

Granville T. Woods was one of the most prolific Black inventors in the 19th century. Woods' inventions revolutionized transportation, but he faced many challenges as a Black inventor. One such inventor was Granville T. Woods, the most prolific Black inventor in the late 19th century. Woods, ironically, was dubbed "Black Edison" by newspapers at the time for his contributions to science. Historians ascribe Woods' decision to sell his hard-won patents to an acknowledgment that it was difficult to market Black American inventions to a largely white audience.

Persons: Granville, Woods, Thomas Edison, he'd, —, Edison, George Westinghouse, Frank Sprague, Rayvon Fouché, Lewis H, Latimer, Shelby J, Davison, couldn't, Lucius Phelps, Michael C, Christopher Organizations: Service, Woods, Co, United States Patent, National Inventors Hall of Fame, Edison, Edison Company, Getty, Westinghouse, General Electric, American Engineering, of Black Studies Locations: Cincinnati , Ohio, Columbus , Ohio, Australia, African American

☆ Fire damaged Nikola Tesla's last remaining laboratory that crowdfounders raised over $1 million to save
▼ + stars: | 2023-11-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +3 min

A serious fire broke out at the Tesla Science Center at Wardenclyffe. The facility is famed inventor Nikola Tesla's only laboratory still in existence. AdvertisementJust months after a groundbreaking ceremony for a $20-million restoration project, a fire broke out at the Tesla Science Center at Wardenclyffe. Located in Shoreham, New York, the facility is the last-remaining laboratory of inventor Nikola Tesla . The brick walls are still standing, but there is damage to the roof at the Tesla Science Center at Wardenclyffe.

Persons: Nikola Tesla's, —, Nikola Tesla, Firefighters, Marc Alessi, " Alessi, Mark Thaler, haven't, Tesla, Thomas Edison, Matthew Inman Organizations: Tesla Science, Service, Niagara Parks Power Locations: Wardenclyffe, Shoreham , New York, New York, London

☆ Forget Tesla. Portfolio manager names another way — and stock — to play the EV market
▼ + stars: | 2023-11-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Tesla is a hot favorite when it comes to investing in the electric vehicle market. Brian Arcese, portfolio manager at investment firm Foord Asset Management, said he has a "far less convicted view" in Tesla retaining its dominance than in his preferred investing route in the EV market. He told CNBC Pro Talks last week that he's taken two "slightly untraditional" approaches to investing in that space. He names one U.S. stock, Edison International , as one such U.S. regulated utility company to play the EV trend. But he says that within that space, he's focused on companies that are the lowest-cost producers.

Persons: Tesla, Brian Arcese, he's, Arcese, you've, CNBC's Tanvir Gill, — James Sullivan, Jenny Zeng, Sullivan, there's Organizations: Foord Asset Management, CNBC, Edison International, JPMorgan, Allianz Global Investors Locations: Tesla, Asia, INSEAD, Singapore, China, Korea, U.S

☆ Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?
▼ + stars: | 2023-11-25 | by ( Katherine Blunt | ) www.wsj.com time to read: 1 min

ConEd is evaluating how much it needs to spend to safely maintain parts of its gas system amid an expected decrease in usage over time. Photo: Jeenah Moon/Bloomberg NewsUtilities across the country are trying to boost spending to maintain aging natural-gas pipelines. Regulators in some Democratic states seeking to limit gas use are saying not so fast. Companies including PG&E , Consolidated Edison and Public Service Enterprise Group have proposed investing billions of dollars to bolster their pipeline networks, which will remain in use for years even as more customers use electricity to cook and heat their homes. They say such spending is necessary in part to maintain safety and reliability as they work to shrink their gas systems over time.

Organizations: Bloomberg News Utilities, Consolidated Edison, Public Service Enterprise Group

In a move that may soon be replicated elsewhere, the Gila River Indian Community recently signed an agreement with the U.S. Army Corps of Engineers to put solar panels over a stretch of irrigation canal on its land south of Phoenix. “This was a historic moment here for the community but also for the region and across Indian Country,” said Gila River Indian Community Gov. The idea is simple: install solar panels over canals in sunny, water-scarce regions where they reduce evaporation and make renewable electricity. Neither the Gila River Indian Community nor the Turlock Irrigation District are the first to implement this technology globally. Tribes hold the most senior water rights on the Colorado River, though many are still settling those rights in court.

Persons: ”, Stephen Roe Lewis, ” Lewis, Sun Edison, haven't, Heather Tanana, “ Organizations: U.S . Army Corps of Engineers, Community, Twitter, University of California, UC Merced, Irrigation, Sun, Reclamation, Associated Press, Walton Family Foundation, AP Locations: Phoenix, United States, Gila, Merced, Central, Gujarat, U.S, Irvine, Navajo, Colorado, Lake Mead

☆ With antisemitic tweet, Elon Musk reveals his ‘actual truth’
▼ + stars: | 2023-11-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Hate speech, whether uttered by Musk or merely endorsed by him, is amplified when the world’s richest person posts or comments on it. “It’s doubtful that Musk harbors personal animosity toward Jewish people,” wrote the Atlantic’s Yair Rosenberg earlier this year, regarding another incident in which Musk trumpeted antisemitic statements. Mezrich in recent weeks has told several interviewers about how “Elon Musk broke Twitter, and Twitter broke Elon Musk.”It’s a punchy line, and in some ways I’m sure it’s accurate. There’s plenty of evidence that Musk broke Twitter — gutted it, rebranded it, tanked its revenue, and made it unrecognizable to its most active users. But Musk was at this long before, spreading countless conspiracy theories, particularly around the Covid pandemic.

Persons: CNN Business ’, New York CNN — Elon Musk, Musk, Robert Bowers, “, Jonathan Greenblatt, ” Musk, ”, Yair Rosenberg, Walter Isaacson, Ben Mezrich, “ Elon Musk, Elon Musk, Thomas Edison, you’ll Organizations: CNN Business, New York CNN, Whites, Twitter, Defamation League Locations: New York, Pittsburgh

☆ Deutsche Bank says this electric flying vehicle stock will more than double in the next 12 months
▼ + stars: | 2023-11-13 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Deutsche Bank says Archer Aviation's strong cash balance makes the stock a top pick among electric vertical take-off and landing companies (eVTOL). The bank reiterated a top pick recommendation on Archer in a Monday note and maintained a $12 per share price target. Its eVTOL vehicles are meant for city taxi transport service, and Archer forecasts commercial vehicles will begin flying in 2025. "Overall, Archer remains our favorite name in the group and we maintain our $12 price target." Yu added that Archer's cash balance remains strong and said capital will remain robust into the near future.

Persons: Archer, Edison Yu, Joby, Yu, — CNBC's Michael Bloom Organizations: Deutsche Bank, Archer Aviation, Midnight, US Air Force Locations: Europe

☆ BP, Edison, Shell ask US, EU to intervene in Venture Global LNG dispute
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Venture Global LNG has said the Louisiana plant is not fully operational due to faulty power equipment that is being repaired. Their appeals sought to get The Hague and Washington to pressure Venture Global LNG on the contracts. In its letter, Shell accused Venture Global LNG of diverting resources into building a second LNG export plant rather than completing repairs to its first plant. Officials from the EU and U.S. indicated they view the dispute as "a contractual matter between commercial parties," a Venture Global LNG spokesperson said on Saturday. Venture Global LNG is operating the Calcasieu Pass plant at capacity, it has told U.S. regulators.

Persons: Chris Helgren, Carol Howe, Michael Sabel, Robert Pender, Gary McWilliams, Diane Craft Organizations: BP, REUTERS, Rights, Edison, Shell, Venture Global LNG, U.S, EU, Force, Energy Security, Venture Global, Global, Reuters, Venture Global Co, Energy Regulatory, Thomson Locations: Vancouver , British Columbia, Canada, U.S, EU, Arlington , Virginia, Louisiana, Hague, Washington, Calcasieu, Europe

☆ Abortion rights advocates, Democrats score wins in US elections
▼ + stars: | 2023-11-08 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

Nov 7 (Reuters) - Democrats and abortion rights advocates notched a string of electoral victories on Tuesday, including in conservative Ohio and Kentucky, an early signal that reproductive rights remain a potent issue for Democrats ahead of the 2024 presidential race. In Ohio, a state that voted for Republican Donald Trump by 8 percentage points in the 2020 presidential election, voters approved a constitutional amendment guaranteeing abortion rights, Edison Research projected. He also ran on protecting abortion rights, though he is powerless to overturn the state's near-total ban. Last year, abortion rights advocacy groups scored a series of victories by placing abortion-related referendums on the ballot, including in conservative states. Anti-abortion forces campaigned against the Ohio amendment as too extreme, while abortion rights groups warned that rejecting it would pave the way for a stringent ban to take effect.

Persons: Republican Donald Trump, Roe, Wade, Glenn Youngkin's, Andy Beshear, Edison, Joe Biden's, Biden, Beshear, Daniel Cameron, Megan Jelinger, Youngkin, Trump, Tate Reeves, Brandon Presley, Elvis Presley, Presley, Reeves, Cameron, Joseph Ax, Jason Lange, Eric Beech, Nandita Bose, Costas Pitas, Gabriella Borter, Colleen Jenkins, Aurora Ellis, Deepa Babington, Lincoln Organizations: Republican, Edison Research, Democratic Legislative, Democratic, Trump, Democrats, Kentucky, REUTERS, Ohio, Senate, Republican Mississippi, Biden, Edison, Thomson Locations: Ohio, Kentucky, U.S ., Virginia, Columbus , Ohio, U.S, Arizona, Florida

OHIO ABORTION RIGHTSOhioans voted to enshrine abortion rights in the state constitution, Edison Research projected, which will render moot a six-week abortion limit signed into law by Republican Governor Mike DeWine. The ban is currently on hold pending litigation at the conservative state Supreme Court. The success of Ohio's ballot measure initiative, which put the question of abortion rights to voters directly, adds to a string of ballot measure victories for abortion rights supporters since the Supreme Court overturned Roe v. Wade. PENNSYLVANIA SUPREME COURTThe race for a new state Supreme Court justice will not alter the liberal tilt of Pennsylvania's highest court but could have future implications for abortion rights and election laws in the state. Democrats have a 4-2 majority in the partisan state court, with one vacant seat to be filled in this election.

Persons: Andy Beshear, Jon Cherry, Daniel Cameron, Republican Donald Trump, Beshear, Tate Reeves, Democrat Brandon Presley, Reeves, Presley, Elvis Presley, Roe, Wade, Glenn Youngkin, Mike DeWine, Cherelle Parker, Republican David Oh, Jim Kenney, Sheila Jackson Lee, John Whitmire, Sylvester Turner, Daniel McCaffery, Carolyn Carluccio, Gabriella Borter, Colleen Jenkins, Lincoln Organizations: Democratic, Capitol, REUTERS, Republicans, KENTUCKY, Edison Research, Republican, MISSISSIPPI GOVERNOR Republican, Democrat, Democratic Governors Association, NEW, General, U.S, PENNSYLVANIA, New York Times, Democrats, Thomson Locations: Frankfort , Kentucky, U.S, Kentucky, Mississippi, Virginia, New Jersey, Ohio, COVID, MISSISSIPPI, Northern Mississippi, Southern, VIRGINIA, Virginia's Senate, U.S ., NEW JERSEY, Democratic New Jersey, OHIO, Philadelphia, Houston

☆ Two-thirds of North America could face power shortages this winter -NERC
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

In its 2023-24 winter outlook, the regulatory authority warned that prolonged, wide-area cold snaps threaten the reliability of bulk power generation and availability of fuel supplies for natural gas-fired generation. "Recent extreme cold weather events have shown that energy delivery disruptions can have devastating consequences for electric and gas consumers in impacted areas," NERC said. It put the U.S. Midwest, Northeast, Mid-Atlantic, and South, along with some Canadian provinces, at the highest risk for electricity supply shortages this winter. NERC also found that load forecasting in winter is growing in complexity, and underestimating demand is a risk to reliability in extreme cold temperatures. Flows of gas into pipelines were reduced during Elliott, while demand for the fuel for heating and power generation increased, dramatically lowering line pressures.

Persons: Greenlee Beal, NERC, John Moura, Storm Elliott, Elliott, Anjana Anil, Scott DiSavino, Leslie Adler, Marguerita Choy Organizations: PIKE Energy, REUTERS, North American Electric Reliability Corp, U.S ., PJM, Reliability Corp, Texas, Federal Energy Regulatory, Storm, Consolidated Edison, Thomson Locations: Texas, San Antonio , Texas, U.S, Canada, U.S . Midwest, Northeast, South, New England, MISO , New York, New York City, Bengaluru, New York

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. First Quantum on Tuesday reaffirmed its commitment to the rule of law with the objective of benefiting Panama. First Quantum and its local unit Minera Panama declined to comment further. A decision to cancel the Cobre Panama mine's contract could slow Panama's GDP growth from an anticipated 6% in 2023 to just 1% without the mine in operation on an annualized basis. The odds of Panama losing its investment-grade rating would rise significantly if the contract is revoked, J.P Morgan warned on Tuesday.

Persons: Laurentino, J.P Morgan, Adriana Linares, Jackie Przybylowski, Michael Camacho, Frank De Lima, Juan Diego Vasquez, Edison Broce, Divya Rajagopal, Valentine Hilaire, Elida Moreno, Steve Scherer, Denny Thomas, Rod Nickel Organizations: Minerals, REUTERS, Aris, Quantum Minerals, Panama, Canada's Global Affairs, Reuters, Bank of Montreal, Finance, Economy, Independent, Thomson Locations: Panama, Donoso, Vancouver, Canada, Toronto

☆ Morning Bid: Fed, financing and jobs greet November
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +6 min

Despite the U.S. Treasury forecasting a lower fourth-quarter borrowing need than previously flagged, the tension in the bond market remains ahead of its detailed future refinancing plans due later on Wednesday. With the Federal Reserve widely expected to hold policy rates steady again on Wednesday, the Treasury plans may end up getting more bond market attention. But U.S. consumer confidence has softened, oil prices are falling again and the overseas demand picture is weakening. Another heavy day of U.S. corporate earnings is topped by big insurers and the likes of PayPal and Kraft Heinz. On Tuesday, shares in heavy-machinery maker Caterpillar (CAT.N) sank almost 7% as signs of slowing demand overshadowed a quarterly earnings beat.

Persons: Mike Dolan, Masato Kanda, it's, Japan's, China Evergrande, Joe Biden, Xi Jinping, Kraft Heinz, Estee Lauder, Kraft, Ingersoll Rand, Nick Macfie Organizations: Wednesday's, Bank of Japan, Japan's Nikkei, Japan, U.S, U.S . Treasury, Federal Reserve, Treasury, HK, White House, Asia Pacific Economic Cooperation, Wall, PayPal, Kraft, Caterpillar, Edison, AIG, Prudential Financial, MetLife, Qualcomm, Mckesson, Kraft Heinz, Allstate, Congnizant, Boston Properties, Water, Garmin, CVS, Brands, Humana, Reuters Graphics Reuters, US National Retail Federation, Thomson, Reuters Locations: U.S, United States, China, Hong Kong, San Francisco, Tokyo, Marathon, Boston

☆ Texting: Wall Street’s Latest Dilemma
▼ + stars: | 2023-10-31 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

About 69% of Gen-Z respondents to a survey conducted by email management technology provider Edison Mail last year said they preferred to communicate through messaging apps. Photo: Philip Toscano/Zuma PressWall Street firms are facing a problem that is growing more difficult by the day: how to capture staff communications as required by regulators while the ways their employees talk to each other keep changing. On one hand, the Securities and Exchange Commission has been cracking down on so-called off-channel communications, where employees use personal devices and banned apps to send business-related messages that rules say must be recorded. On the other hand, the ways people communicate have changed since the regulations were first enacted, with almost everyone texting about almost everything these days.

Persons: Philip Toscano Organizations: Edison, Press, Securities and Exchange Commission

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. President Laurentino Cortizo announced that the new mining restrictions will apply to both future mining projects as well as those currently seeking permits. The abrupt mining pause comes barely a week after Cortizo hailed the revised contract that allows the local unit of Canada's First Quantum (FM.TO) to continue operating its lucrative Cobre Panama project. "Panama is a mining country," Alexander told Reuters, arguing that without the mine, the country's economy would barely grow this year, versus the robust 6% growth the government estimates. The Cobre Panama mine alone accounts for nearly 5% of Panama's economy.

Persons: Laurentino Cortizo, Cortizo, Hector Alexander, Alexander, Panama's, Edison Broce, Valentine Hilaire, Christian Plumb, Marguerita Choy, Raju Gopalakrishnan Organizations: Minerals, REUTERS, Aris, Reuters, Thomson Locations: Panama, Donoso

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