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☆ Stocks making the biggest premarket moves: Tesla, IBM, American Express, KeyCorp and more
▼ + stars: | 2023-04-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

IBM — The tech stock rose more than 1% in premarket trading after the company reported an earnings beat. IBM posted adjusted earnings of $1.36 per share, compared to $1.26 per share as expected by analysts, according to Refinitiv. American Express — Shares dipped 1.3% after the payments company reported adjusted earnings per share of $2.40 for the first quarter, below StreetAccount's estimates of $2.66. F5 — The cloud-based software company's shares were down about 7% after a mixed second fiscal quarter earnings report. Analysts polled by FactSet had estimated 44 cents earnings per share and $1.79 billion in revenue.

☆ Alaska Airlines CEO Ben Minicucci: We see a strong demand going into Q2
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlaska Airlines CEO Ben Minicucci: We see a strong demand going into Q2Alaska Airlines CEO Ben Minicucci and CNBC's Phil Lebeau join 'The Exchange' to discuss Alaska's wider than expected Q2 earnings loss, the factors complicating Alaska's earnings picture, and strategic investments towards upgrading airline technology infrastructure.

☆ Mysterious glowing 'SpaceX spirals' in the night sky seem to be linked to rocket launches
▼ + stars: | 2023-04-19 | by ( Rebecca Cohen | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

It's likely a cloud of excess fuel from a SpaceX rocket launched earlier that day. "SpaceX spirals" are rare, but they may be getting more common. These spirals are appearing shortly after SpaceX rocket launches, and are probably residual fuel the rockets released during flight, space physicist Don Hampton told the Associated Press. SpaceX spirals, jellyfish, and smoke rings may happen more oftenThis is the third time in the past year that a Falcon 9 rocket has appeared to produce a SpaceX spiral. A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft launches at Cape Canaveral, Florida.

☆ Biden admin greenlights LNG exports from Alaska project - document
▼ + stars: | 2023-04-14 | by ( Timothy Gardner | ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonCompanies Conocophillips FollowWASHINGTON, April 13 (Reuters) - The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia. The Alaska LNG project includes a liquefaction facility on the Kenai Peninsula in southern Alaska and a proposed 807-mile (1,300-km) pipeline to move gas stranded in northern Alaska across the state. The Biden administration modified the previous approval to prohibit venting of the greenhouse gas carbon dioxide associated with the project into the atmosphere. The Biden administration last month approved the ConocoPhillips (COP.N) $7 billion Willow oil and gas drilling project on Alaska's North Slope. The Biden administration is trying to approve more U.S. LNG exports as it competes with Russia, traditionally one of the world's largest energy exporters.

☆ ConocoPhillips raises emission targets, expects $10 bln in annual spending
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

Companies Conocophillips FollowApril 12 (Reuters) - U.S. oil producer ConocoPhillips (COP.N) on Wednesday unveiled a 10-year plan that raised its targets for greenhouse gas reductions and put its annual capital expenditure at about $10 billion on average, ahead of an investor meeting. Major oil and gas producers have come under mounting pressure to cut greenhouse gas emissions to slow climate change, and set targets for reducing their own direct and indirect emissions, or so-called Scope 1 and 2. ConocoPhillips has faced criticisms from environmental activists for its recently approved $7 billion oil drilling project Willow in Alaska's Arctic, over concerns it would exacerbate climate change and damage pristine wildlife habitat. The company on Wednesday said its 10-year plan includes acceleration of greenhouse gas (GHG)-intensity reduction target through 2030 from 40%-50% to 50%-60%. It also expects to spend between $10.7 billion and $11.3 billion this year.

☆ These US port cities are fighting to restrict cruise ships. It's easier said than done.
▼ + stars: | 2023-04-05 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

The pandemic offered coastal communities across the US a taste of life without cruise ships. Now, port cities in Florida, Maine, Alaska, and California are fighting to limit or ban the vessels. A few weeks prior, Juneau, Alaska's city assembly voted to cap the number of cruise ships visiting the capital's downtown port at five per day. According to one study commissioned by Stand.earth, an environmental organization, found that cruise passengers visiting Victoria, a major Canadian cruise port, were responsible for less than 2% of tourism spending. Do you live or work near a US cruise port?

☆ Democrats, Republicans, and companies all seem to agree: college degrees aren't the future
▼ + stars: | 2023-03-22 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

A bachelor's degree has become a common requirement for landing US jobs, even those that didn't previously require one. Josh Shapiro signed an executive order opening up 92%, or roughly 65,000, of state jobs to those without college degrees. They urged more states to follow to move the economy away from a preference for college degrees, restoring a sense of fairness many Americans feel is lost. Oregon also issued a temporary order in 2022 allowing those without bachelor's degrees to work as substitute teachers. A college degree may increase your earning potential, but it may not hold the keys to the middle class for much longer.

☆ Alaska oil drilling protesters disrupt White House climate adviser appearance
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

Companies Conocophillips FollowWASHINGTON, March 20 (Reuters) - Protesters criticizing President Joseph Biden's approval of an oil drilling project in Alaska on Monday blocked an administration official from delivering a speech about U.S. climate leadership. Ali Zaidi, White House climate adviser, was unable to address the event on the "Future of U.S. A dozen protesters holding a sign saying "End Fossil Fuels" chanted: "Keep your promise, no new drilling" for several minutes, preventing Zaidi from starting his remarks. Protesters believe the Willow decision may overshadow Biden's other climate achievements. The administration has been touting climate investments stemming from its signature climate law called the Inflation Reduction Act (IRA)and its bipartisan infrastructure law.

☆ U.S. withdraws Trump-era land deal in Alaska wildlife refuge
▼ + stars: | 2023-03-14 | by ( Nichola Groom | ) www.reuters.com time to read: +2 min

Interior Secretary Deb Haaland addresses the Tribal Nations Summit from an auditorium on the White House campus in Washington, D.C., U.S. November 15, 2021. REUTERS/Jonathan ErnstMarch 14 (Reuters) - The Biden administration said on Tuesday it rescinded a land swap deal struck by former President Donald Trump's interior secretary that would have allowed a new road to cut through an Alaska wildlife refuge. In a statement, the Interior Department said Secretary Deb Haaland withdrew the 2019 land exchange deal between the agency and the Alaska native King Cove Corporation, but would be open to examining other proposals to replace it. Environmentalists have said a road would destroy valuable habitat for birds along Kinzarof Lagoon, and would set a dangerous precedent for other wildlife refuges. The deal set by Trump's Interior Secretary David Bernhardt in 2019 was particularly controversial because it left open the door to commercial use of the road.

Alaska's elected officials say the project will create hundreds of jobs and bring billions of dollars in revenue to state and federal coffers. The state relies heavily on revenue from oil production, but output there has declined dramatically from its peak in the 1980s. "I feel the people of Alaska have been heard," U.S. Representative Mary Peltola, a Democrat from Alaska, said on a call with reporters. The Interior Department approved the project with three drill pads after saying last month it was concerned about the greenhouse gas impacts of Willow. "This was the right decision for Alaska and our nation," ConocoPhillips Chief Executive Ryan Lance said in a statement.

ConocoPhillips had sought to build up to five drill sites, dozens of miles of roads, seven bridges and pipelines. The Interior Department approved the project with three drill pads after saying last month that it was concerned about the greenhouse gas impacts of Willow. Its Bureau of Land Management last month recommended a "preferred alternative" that includes three drill sites and less surface infrastructure than originally proposed. The decision comes after the Biden administration on Sunday announced new protections for Alaskan land and water. Environmental groups criticized the Biden administration, saying it was trying to have it "both way" on climate change.

☆ Biden Interior approves controversial Alaska oil drilling project
▼ + stars: | 2023-03-13 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

Climate activists gather to protest with demanding President Biden stop the Willow Project by unfurling a banner on the Lafayette Square in front of the White House on January 10, 2023 in Washington D.C. The Biden administration approved a major and controversial oil drilling plan in Alaska, known as Willow, just one day after unveiling protections for more than 16 million acres of land and water in the region. Environmental groups have long condemned the plan, arguing it undermines the administration's pledge to combat climate change and reduce greenhouse gas emissions. Prior to the president's decision, the Interior Department's Bureau of Land Management released an environmental analysis last month that proposed lowering the number of drilling sites from five to three under the project. The Interior said it had "substantial concerns" about Willow, including its direct and indirect emissions and its impact on local wildlife.

☆ Biden promised 'no more drilling on federal lands, period.' He just broke that pledge to approve a massive oil project in Alaska.
▼ + stars: | 2023-03-13 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

On the campaign trail in 2020, Biden promised to ban all new oil drilling on federal land. But he just broke a key campaign pledge to stop all new oil drilling on federal land in a major way. A Biden administration official insisted that the government's hands were tied by leases granted to ConocoPhillips by prior administrations. Despite these protections, the Willow project is expected to come with significant environmental costs, aside from contributing to planet-warming emissions. March 13, 2023: This story has been updated with comment from a Biden administration official.

Companies Conocophillips FollowWASHINGTON, March 13 (Reuters) - The oil industry on Monday cheered the U.S. government's greenlighting of ConocoPhillips' multibillion-dollar oil drilling project in Alaska's Arctic, but court challenges could mire the plans in further delays. President Joe Biden's administration approved a trimmed-down version of the $7 billion Willow project on federal lands in a pristine area on Alaska's north coast. Kristen Monsell, a senior attorney at the Center for Biological Diversity, another group involved in the previous suits, said Monday's approval for the Willow project is "still inadequate in numerous respects." Senator Dan Sullivan, a Republican from Alaska, told reporters the state's lawmakers are prepared to defend the decision against "frivolous" legal challenges. Even if Interior could beat back the oil company's challenge, it would probably only mean another delay for Willow, he said.

☆ CERAWEEK Biden climate law will stumble without permitting reform, industry warns
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +3 min

HOUSTON, March 6 - The Biden administration's climate law, which provides hundreds of billions of dollars in clean energy incentives to fight global warming, won't be fully effective without permitting reform, executives told the CERAWeek energy conference on Monday. "If the permitting reform doesn't happen, the IRA may not get its full use and benefit," Bold Baatar, who runs the copper business at mining giant Rio Tinto Plc (RIO.AX)(RIO.L), told the Houston conference. White House Energy Adviser John Podesta told the conference permitting reform was high on the administration's agenda. "The permitting process for clean energy infrastructure, including transmission, is plagued by delays and bottlenecks," Podesta said. "I was a little bit nervous, because when John Podesta kept talking about permitting reform, he only talked about renewables," Sullivan told the conference.

☆ Factbox: Willow oil and gas project in Alaska sparks green opposition
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +4 min

March 3 (Reuters) - Environmental and climate activists are rallying online against ConocoPhillips’ proposed Willow oil and gas drilling project in Alaska as the administration of U.S. President Joe Biden weighs whether to greenlight the controversial plan. Here are some details about the project:WHAT IS THE WILLOW PROJECT? The Willow project is a $6 billion proposal from ConocoPhillips' (COP.N) to drill oil and gas in Alaska. The Willow project area holds an estimated 600 million barrels of oil, or more than the amount currently held in the U.S. Strategic Petroleum Reserve, the country's emergency supply. The Biden administration has also been urging U.S. oil companies to invest in boosting production to help keep consumer energy prices in check.

☆ Sarah Palin came all the way to CPAC to campaign against the election system that cost her Alaska's House seat
▼ + stars: | 2023-03-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Sarah Palin came all the way to CPAC in Maryland to speak out against ranked-choice voting. But in practice, Republicans have seen their chances thwarted by ranked-choice voting systems in both Alaska and Maine, spurring opposition. Mathias also flipped proponents' argument on its head, arguing that ranked-choice voting actually increases divisiveness. He cited infighting between the two Republican candidates — Palin and fellow GOP candidate Nick Begich — that allowed Democratic Rep. Mary Peltola to prevail in both the special election in August and the general election in November. Bryan Metzger/InsiderConservatives in Washington have begun mobilizing against ranked-choice voting as well, with Republicans in Congress criticizing the system.

☆ Factbox: What is the Willow project in Alaska, and why do green activists oppose it?
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +3 min

[1/2] The sun sets behind an oil drilling rig in Prudhoe Bay, Alaska on March 17, 2011. REUTERS/Lucas Jackson/File PhotoMarch 13 (Reuters) - U.S. President Joe Biden's administration on Monday announced it would approve a trimmed-down version of ConocoPhillips' Willow oil and gas drilling project in Alaska, triggering angry reactions from climate activists. Here are some details about the project:WHAT IS THE WILLOW PROJECT? The Willow project is a $6 billion proposal from ConocoPhillips (COP.N) to drill oil and gas in Alaska. The Willow project area holds an estimated 600 million barrels of oil, or more than the amount currently held in the U.S. Strategic Petroleum Reserve, the country's emergency supply.

Review: Is the Alaska Airlines Business Credit Card the Best Credit Card for You? Alaska Airlines discountsWhen you pay with your Alaska Airlines Business Credit Card, you'll get a $100 discount off a full Alaska Lounge+ membership. Read our review Read Our Review A looong arrow, pointing rightAlaska Airlines Business Card Fees and CostsThe Alaska Airlines Business Credit Card has an annual fee of $70 per company and $25 per card, and doesn't have foreign transaction fees, so it's a useful card to take on trips abroad. If you're not quite in that range, there are plenty of great travel rewards credit cards that you may be eligible for with good credit score, including the personal Alaska Airlines Visa® Credit Card (you can read our review of the Alaska Airlines credit card for more information). If you're a small-business owner and fly Alaska Airlines frequently, the Alaska Airlines Business Credit Card is worth it.

☆ Alaska Republican Censured for Asking If Child Abuse Benefits Society
▼ + stars: | 2023-02-24 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

An Alaska Republican has been censured by his colleagues for asking if fatal child abuse benefits society. At a hearing this week, Rep. David Eastman asked a witness if dead children save taxpayer money. ACT doesn't have a stance on abortion, per Alaska Public Media. On Wednesday, every one of his colleagues agreed to condemn him, voting 35-1 to censure him, according to Alaska Public Media. We cannot allow such atrocious, indefensible language to go undenounced," Alaska Democratic state Rep. Andrew Gray said, the outlet reported.

☆ See the photos that won National Geographic’s ‘Pictures of the Year’ contest
▼ + stars: | 2023-02-17 | by ( Audrey Wan | ) www.cnbc.com time to read: +5 min

National Geographic announced the winning photographs from its first "Pictures of the Year" photo competition. The photo will be featured in an upcoming issue of National Geographic's U.S. magazine. Their photos will be published on National Geographic's Your Shot Instagram page, which has some 6.5 million followers. Salt wells on a hillside in the Salt Mines of Maras in Peru. An LiThe mines comprise around 4,500 salt wells, each of which produces some 400 pounds of salt per month.

☆ Virgin wins $160 mln in trademark dispute with Alaska Airlines
▼ + stars: | 2023-02-16 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Virgin units Virgin Aviation TM Ltd and Virgin Enterprises Ltd argued Alaska is liable to pay a roughly $8 million “minimum royalty” payment every year until 2039. Virgin granted a trademark licence to Virgin America to use its brand in connection with the operation of a U.S. domestic airline before Alaska Air Group Inc. completed its $2.6 billion acquisition of Virgin America. Alaska merged its operations with Virgin America in 2018 and stopped using the Virgin brand the following year. Virgin told London’s High Court in October that Alaska, as the legal successor to Virgin America Inc, is obliged to make the annual payment. The judge added that the terms of the agreement “must be approached from the perspective of Virgin and Virgin America ... and not from the perspective of Alaska”.

☆ Downed Chinese balloon aimed for Hawaii but was blown off course, U.S. official says
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

[1/3] The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. REUTERS/Randall HillWASHINGTON, Feb 15 (Reuters) - U.S. officials believe a Chinese balloon that was shot down after crossing the continental United States originally had a trajectory that would have taken it over Guam and Hawaii but was blown off course by prevailing winds, a U.S. official speaking on condition of anonymity, said on Wednesday. U.S. military and intelligence agencies tracked the balloon from when it lifted off from Hainan Island near China's south coast, the Washington Post reported on Tuesday. The U.S. military said on Monday it had recovered critical electronics from the balloon as well as large sections of the vessel itself. Reporting by Jonathan Landay; Writing by Eric Beech, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ US officials say getting their hands on China's spy balloon was a 'key' reason for shooting it down near a South Carolina beach
▼ + stars: | 2023-02-09 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

US officials say balloons have crossed over the US before as part of a wider Chinese surveillance program. The eight-day wait and the sensitivity of those bases have alarmed lawmakers, who called defense officials to Capitol Hill on Thursday to explain their handling of the incident. US sailors recover a high-altitude surveillance balloon off of Myrtle Beach on February 5. US sailors recover a high-altitude surveillance balloon off of Myrtle Beach on February 5. A Chinese spy balloon drifts to the ocean after being shot down off the South Carolina coast on February 4.

The United States operates a military base and nuclear missile silos in Montana, a state bordering Idaho. Military officials developed a plan to shoot down the balloon on Wednesday as it flew over Montana. BALLOON MANEUVERSThe U.S. government has declined to say which sites the Chinese balloon surveyed. On Friday, the Pentagon said it expected the balloon to keep flying over the United States for several more days. "That will make it fairly easy, actually," a military official said of the recovery operation in the Atlantic.

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