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☆ Oil prices slip as International Energy Agency cuts demand growth forecast
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil futures edged lower Wednesday as the International Energy sees global demand growing less than originally forecast this year. World oil demand is forecast to grow by 1.1 million barrels per day this year, down 140,000 bpd from last month's projection as demand in developed economies softened in the first quarter, according to an IEA report. Here are today's energy prices:Global crude inventories surged in March by 34.6 million barrels as trade disruptions pushed oil on water to a post pandemic high, according to the IEA. Oil deliveries have been rerouted this year due to attacks by Yemen-based Houthi militants on shipping through the Red Sea. Inventories continued to build in April as oil on water was discharged to land, leading to an increase in onshore stockpiles, according to the IEA.

Persons: Brent Organizations: International Energy, IEA Locations: Yemen

☆ GameStop, AMC rallies like 'watching a sitcom on repeat,' expert says. Here are the risks to monitor
▼ + stars: | 2024-05-14 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Spencer Platt | Getty ImagesShares of AMC Entertainment and GameStop have surged once again in a new "meme stock" rally triggered by social media. A social media account named "Roaring Kitty" posted an image for the first time in three years, prompting the trading frenzy. The man purportedly behind the Roaring Kitty account helped lead a meme stock frenzy between 2020 and 2021. watch nowIn some ways, this time differs from when the stocks surged during the Covid-19 lockdown. Roaring Kitty gives the impression that a guy is in his basement trading stocks instead of big investors like hedge funds and investment banks, he said.

Persons: Spencer Platt, Kitty, Dan Egan, Egan, aren't, Roaring Kitty Organizations: New York Stock Exchange, Getty, AMC Entertainment, GameStop Locations: New York City, Las Vegas

A courtroom sketch of Michael Cohen while under questioning by prosecutor Susan Hoffinger at Donald Trump's Manhattan hush-money trial. Michael Cohen, the ex-lawyer for former President Donald Trump, departs his home in Manhattan to testify in Trump's criminal hush-money trial. "It was fantastic," Cohen testified Monday of his decade working for Trump, calling the Trump Organization "a big family." Advertisement"Working for him, especially during those 10 years, was an amazing experience in many, many ways," Cohen told the jury. Former President Donald Trump and attorney Emil Bove attend his New York criminal hush-money trial.

Persons: —, Donald, Von ShitzInPants, Cohen, Donald Trump, bestie, Michael Cohen, Susan Hoffinger, Donald Trump's Manhattan, Jane Rosenberg, Trump, Playboy Bunny Karen McDougal, Stormy Daniels, Daniels, he'd, Ben, Big Ben, Roethlisberger, McDougal, Mike Segar, " Cohen, Hillary, Melania, David Pecker, Jonathan Ernst, Roy Cohn, Jeff McConney, McConney, Emil Bove, Spencer Platt, Hope Hicks, Hicks, Prosecutors Organizations: Service, GOP, Trump, Business, REUTERS, Prosecutors, National Enquirer, Trump Organization, Trump Tower, Reuters, Tahoe, FBI Locations: New York, Manhattan, Trump, York

☆ Manchester United wins Women’s FA Cup for first time in its history
▼ + stars: | 2024-05-12 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Manchester United won the Women’s FA Cup for the first time in its history on Sunday, dismantling Tottenham Hotspur 4-0 in front of a sell-out crowd at a sun-soaked Wembley Stadium. “We are history makers for Manchester United,” the club’s manager Marc Skinner told the BBC. It seemed that the half would end goalless, that is until Toone created a little magic in its final moments. Rachel Williams, on the ground, was mobbed by her teammates after scoring United's second goal. García still had time for a second goal, rifling the ball into the net after Lisa Naalsund had controlled Melvine Malard’s chip into the box, and added some extra gloss to the scoreline.

Persons: Ella Toone, Marc Skinner, We’ve, Sunshine, Toone, Becky, Rachel Williams, United's, Kirsty Wigglesworth, Katie Zelem’s, Spencer, Lucía García, García, Lisa Naalsund Organizations: CNN, Manchester United, FA, Tottenham Hotspur, Wembley, Spurs, BBC, AP United, Tottenham

☆ The most in-demand work-from-anywhere jobs companies are hiring for in 2024—they're not all in tech
▼ + stars: | 2024-05-12 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Remote work opportunities have fluctuated since the start of the Covid-19 pandemic but FlexJobs has seen a slight uptick in the companies actively recruiting for work-from-anywhere positions. To help job-seekers find the best remote, flexible gigs, FlexJobs has identified the most in-demand work-from-anywhere jobs companies are hiring for by analyzing its database for the work-from-anywhere jobs with the highest volume of postings between January and April 2024. Such jobs, however, are increasingly competitive to land, only accounting for about 5% of all remote roles, FlexJobs reports. Most remote jobs have location requirements, mainly due to state and federal regulations that dictate where companies can hire people and do business. If you're hoping to land a work-from-anywhere job, Spencer recommends highlighting in-demand soft skills that commonly appear in remote job ads, including project management and adaptability, on your resume and LinkedIn profile.

Persons: FlexJobs, Keith Spencer, Spencer, Slack Organizations: CNBC, Microsoft

☆ I got a hair transplant in Istanbul, a sanctuary for balding men. It pulled me out of a dark place.
▼ + stars: | 2024-05-11 | by ( Spencer Macnaughton | ) www.businessinsider.com time to read: +17 min

Bennett, who's three years older than me and was a bit further along in the balding process, had been my hair loss mentor. But now, he was one of the growing number of men who traveled 5,000 miles to Istanbul, the global capital for hair transplant surgery. According to the Turkish Health Tourism Association, about one million people traveled to Turkey for a hair transplant in 2022, spending about $2 billion. Bennett/Spencer Macnaughton Show less Bennett lounging poolside in December 2022 , 11 months after his hair transplant. Spencer Macnaughton during his hair transplant in Istanbul Turkey Kenny Wassus/Business InsiderWhen they finally announced I was finished, it was around 10 p.m.

Persons: Bennett, Turkey —, who's, It's, poolside, what's, I'd, —, Aygin . Bennett, Spencer Macnaughton, Serkan Aygin, he'd, Kenny Wassus, Aygin, He's, they'd, Choi, you've, Istanbul Turkey Kenny Wassus, Kenny, I've, I'm Organizations: Mercedes Club, Business, Turkish Health Tourism Association, FDA, International Society of Dermatology, Turkish Airlines, Istanbul Airport Locations: midtown Manhattan, Turkey, Istanbul, Manhattan, New Jersey, Turkish, United States, New York, Istanbul Turkey, Detroit

☆ For adults, autism diagnosis can unlock a new life
▼ + stars: | 2024-05-09 | by ( Matt Villano | ) edition.cnn.com time to read: +10 min

Jesse Grant/Getty ImagesFor some, an adult autism diagnosis is an inflection point — the moment in which a clearer and more fulfilling existence starts anew. Whatever the perspective, an adult autism diagnosis is an identity builder, instantaneously minting new members of the growing autism community. How to get help Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters. “This is why a diagnosis can be so important.”An autism diagnosis can be everythingAdults are seeking formal autism diagnoses in record numbers, according to providers and practitioners who specialize in autism. “Getting an autism diagnosis, becoming part of the autism community, has completely recontextualized my life,” said Sellergren, who was diagnosed in 2021 at age 44.

Persons: CNN — John Frizzell, David Hume, ”, Frizzell, Beavis, John Frizzell, Jesse Grant, —, Lindsay Naeder, Michael Chez, Ingrid Boveda, Boveda, ‘, Quinten Harvey, ” Harvey, “, Vanessa Bal, Bal, neurodivergence, Autism, Naeder, Ed Asner, Spencer Harte, Harte, I’m, ” Harte, “ I’m, Bird Sellergren, Sellergren, ” Matt Villano Organizations: CNN, “, US Centers for Disease Control, Autism, US Bureau of Labor Statistics, International Association for Suicide Prevention, Befrienders, Autism Society, Research, Sutter Institute for Medical Research, Harvey Psychological Services, Rutgers University’s Graduate School of Applied, Professional, Rutgers, Team, Hollywood Locations: United States, Sacramento , California, Salt Lake City, neurodivergence, Los Angeles, San Francisco, Northern California, whalehead.com

☆ The Balmain dress Elle Fanning wore to the Met Gala has a long history
▼ + stars: | 2024-05-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

For Elle Fanning, who showed up to Monday night’s Met Gala in a completely transparent Balmain gown, it was the latter. Behold: The naked dress (or in Redmayne’s case, naked suit). In 1962, Hollywood actor Carroll Baker was photographed in one of the first ever naked dresses — also designed by Balmain. Balmain just designed the 8th one.”Hollywood starlet Caroll Baker also wore one of Balmain's transparent dress designs in 1962. Her sheer Balmain dress turned heads — and generated headlines.

Persons: it’s, Elle Fanning, Fanning, Emily Ratajkowski, Kim Kardashian, Doja, Phoebe Dyvenor, Greta Lee, Eddie Redmayne, Theo Wargo, Miley Cyrus, Jennifer Lawrence, Vanessa Hudgens, Florence Pugh, Kendall Jenner, Charli, Charlize Theron, Iris Law, Carroll Baker, —, Baker, Pierre Balmain, “, sparkles, ”, Caroll Baker, Spencer, “ Carroll, Yves Saint Laurent didn’t, Mary Quant, Edie Sedgwick, Trevor Humphries, Baker’s, nonchalantly Organizations: CNN, Balmain, Hollywood, Dior, Hulton, New York Times, Production, Paramount, Fox, MGM, Warner Brothers Locations: Prada, Paris, London, Balmain, British, America, Europe, Hollywood, Baker’s

☆ Prince Harry reunited with Princess Diana's family to celebrate the Invictus Games. The royal family didn't attend.
▼ + stars: | 2024-05-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Prince Harry is in the UK to celebrate 10 years of the Invictus Games. AdvertisementThe royal family was noticeably absent from a ceremony celebrating the Invictus Games. The Invictus Games, a worldwide sporting competition for injured veterans, marked 10 years since its creation on Wednesday. AdvertisementAs part of the anniversary celebrations, The Invictus Games Foundation hosted a Service of Thanksgiving at St Paul's Cathedral in London. Chris Jackson/Getty Images for Invictus Games Foundation)Harry traveled to the UK to attend the ceremony and other events marking the anniversary.

Persons: Prince Harry, Princess Diana's, King Charles III, Prince William didn't, —, London . Prince Harry, Chris Jackson, Harry, Queen Camilla, Diana's, Earl Charles Spencer, Lady Jane Fellowes, Max Mumby, Spencer, King Charles, Meghan Markle, Charles, Meghan, Duke, Sussex, Buckingham, Prince William, Sussex's, Kate Middleton's, Kate, Prince, Princess of Organizations: Invictus, Service, Invictus Games, Charity Commission, St Paul's Cathedral, Getty, Wednesday, Mail, BBC, Good Morning America, Reuters, Buckingham Palace, Sussex, Netflix Locations: England, Wales, Paul's, London, St Paul's, Buckingham

☆ Oil prices fall more than 1% as market softens on rising inventories
▼ + stars: | 2024-05-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil futures fell more than 1% on Wednesday as the market softens on rising inventories, though prices could firm later this year as demand increases during the summer driving season. "Oil market indicators have turned softer in recent weeks, and prices have declined from recent peaks," Morgan Stanley analysts said in a Wednesday note. "The oil market is not tight now, but we see seasonal strength ahead in coming months." Here are today's energy prices:Oil prices have fallen 8% since April highs when traders bid up prices on fears that Iran and Israel would go to war. Investors have largely sold off the war premium since then, with Morgan Stanley removing $4 per barrel of risk from its oil price forecast for the year.

Persons: Morgan Stanley Organizations: Investors Locations: U.S, Iran, Israel

☆ Macklemore criticizes Biden in new song supporting pro-Palestinian student protests
▼ + stars: | 2024-05-08 | by ( Scottie Andrew | ) edition.cnn.com time to read: +17 min

Across the US, pro-Palestinian protesters have been occupying lawns and buildings on campuses, and many are requesting that their universities divest from Israel. Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Macklemore, Joe Biden, ” Macklemore, Donald Trump, Columbia’s Hamilton, Hind Rajab, Hind, who’ve, ”, He’s, Biden, Jon Batiste, Selena Gomez, Annie Lennox, “, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Seattle concertgoers, Seth Rogen Organizations: CNN, Columbia University, Biden, University of California, University of Arizona, Dua Lipa, Scottish, United Nations Relief, Works Agency for Palestine Refugees, Hamas, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, Getty, The George Washington University, Israel, AFP, Police, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Seattle, Trump Locations: Gaza, Israel, University of California Los Angeles, Palestine, Dua, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, AFP, The City College of New York, Columbia, Columbia's, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Washington

☆ A high-stakes report looms over Biden on whether Israel violated international law
▼ + stars: | 2024-05-07 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +19 min

Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Mike Blake/Reuters Pro-Palestinian protesters stand their ground after police breached their encampment at UCLA on May 2. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: CNN —, Biden, Joe Biden, Benjamin Netanyahu, Antony Blinken, “, Matthew Miller, Adam Schultz, Netanyahu, Israel, Mahmud Hams, It’s, ”, Democratic Sen, Chris Van Hollen, Sen, Alex Brandon, Van Hollen, Miller, ” Miller, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk Organizations: CNN, State Department, Israeli, Congress, Hamas, Capitol, ”, National Security, Getty, State Department’s Bureau, Political, Military Affairs, Defense Department and National Security Council, Biden, Israel, Palestinian, Israel Defense Forces, United Nations Office, Human Rights, Biden Democrats, Democratic, Democratic Party, Republican, Department, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, The George Washington University, AFP, Police, University of California, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Columbia University, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, USAID Locations: Israel, Gaza, Rafah, Capitol Hill, Iran, Palestinian American, Jabalia, AFP, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge

☆ Oil falls as course of Gaza war remains uncertain, while cease-fire talks hang in the balance
▼ + stars: | 2024-05-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Hundreds of Palestinians, including women and children living in east part of Rafah, migrate to the west part of the Khan Yunis with their few belongings loaded on vehicles following the Israel's announcement on the evacuation of neighborhoods, in Khan Yunis, Gaza on May 6, 2024. Crude oil futures fell Tuesday as the course of the war in Gaza remains uncertain. Israel's war cabinet unanimously voted to continue military operations in Rafah after rejecting a cease-fire proposal accepted by Hamas on Monday. Israeli forces seized the Rafah border crossing, sparking condemnation from Egypt, which has been mediating cease-fire talks. Chevron CEO Mike Wirth said prices have remained in a relatively stable band but risk remains to the upside for oil due to the war's proximity to the Strait of Hormuz — the most important global transit point for crude.

Persons: Mike Wirth Organizations: Chevron Locations: Rafah, Khan Yunis, Gaza, Egypt, Hormuz

☆ Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024. Exxon CEO Darren Woods said Monday that the dispute with Chevron over Hess Corporation 's oil assets in Guyana likely will not be resolved until 2025. "This is an important arbitration obviously not only for Exxon Mobil but for Chevron and Hess," Woods said. Exxon is claiming a right of first refusal on Hess' assets in Guyana under a joint operating agreement that governs a consortium that is developing the South American nation's prolific oil resources. The CEO has repeatedly expressed confidence that Exxon will prevail in the dispute, saying the company wrote the agreement that governs the consortium.

Persons: Darren Woods, Woods, CNBC's David Faber, Hess Organizations: Exxon Mobil Corp, P Global, Exxon, Chevron, Hess Corporation, Milken Institute's Global Conference, Exxon Mobil, Hess, International Chamber of Commerce Locations: Houston , Texas, Guyana, Los Angeles, Paris

☆ Chevron CEO says natural gas demand will outpace expectations on data center electricity needs
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Natural gas demand will likely outpace expectations as electricity consumption surges from artificial intelligence and data centers, Chevron CEO Mike Wirth told CNBC on Monday. "It's a little hard to quantify right now because this is evolving so quickly on the AI side," Wirth told CNBC's Sara Eisen at the Milken Institute's Global Conference in Los Angeles. "But I think demand for natural gas is likely to be higher than what people have been estimating up until now." Wirth said the move to electrify the nation's vehicle fleet, heating and manufacturing as well as the increase in demand from data centers will require reliable and affordable backup power generation. Wind and solar offer affordable power in some regions, but they still face challenges in generating enough electricity to meet peak demand because they rely on variable weather conditions, the Chevron CEO said.

Persons: Mike Wirth, Wirth, CNBC's Sara Eisen Organizations: Chevron, CNBC, Milken Institute's Global Conference Locations: Los Angeles

☆ Microsoft signs deal with Swedish partner to remove 3.3 million metric tons of carbon dioxide
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Microsoft signed a deal to remove to permanently remove 3.3 million metric tons of carbon dioxide with Swedish energy company Stockholm Exergi, the companies announced on Monday. The contract with Microsoft is the world's largest carbon removal deal to date, Stockholm Exergi said in a statement. Carbon dioxide released from those materials during incineration will be removed from the gas emitted from the plant, liquified for transport and permanently stored underground. Stockholm Exergi is selling carbon removal certificates, equivalent to 1 million metric tons of carbon dioxide, to help companies achieve their net-zero emissions goals. "Leveraging existing biomass power plants is a crucial first step to building worldwide carbon removal capacity," said Brian Marrs, Microsoft's senior director of energy and carbon removal, in a statement.

Persons: Stockholm Exergi, Anders Egelrud, Brian Marrs, Microsoft's Organizations: Microsoft, Stockholm Exergi Locations: Stockholm, Swedish, Europe

☆ I earn $150K a year as a creator on OnlyFans. I work 9-hour days, 7 days a week.
▼ + stars: | 2024-05-06 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

Lauren Spencer is a top-performing OnlyFans content creator. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Content creators are in charge of their own promotionMy husband and I only have to rely on each other. I work on and off from 6:30 a.m. until 9 p.m., seven days a week, usually averaging about nine hours a day. On OnlyFans, content creators are responsible for promoting themselves.

Persons: Lauren Spencer, —, OnlyFans, COVID, It's, Spencer, Lauren Spencer Next, Max, I've, they're Organizations: Service, I'm, pedicures, Business

☆ Goldman is bullish long term on nuclear power and uranium. This stock is a key way to gain exposure
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Goldman has raised Cameco's 12-month stock price target by $1 to $56, implying 15.7% upside from Friday's close. CCJ YTD mountain CCJ 3-mo chart "We continue to see CCJ as a key means of gaining exposure to the entire value chain of uranium," Goldman analysts lead by Neil Mehta told clients in a note Monday. Though Cameco's sales of 7.3 million pounds of uranium in the quarter missed guidance of 8.25 million pounds, the company maintained its full-year guidance of 32 million pounds to 34 million pounds. Governments around the world increasingly view nuclear power as a key pillar of the energy transition because the technology can provide reliable carbon-free energy at a time when electricity demand is rising. Western countries are seeking secure supplies of uranium to support a nuclear buildout, rather than relying on Russia or neighboring Kazakhstan.

Persons: Goldman Sachs, Goldman, Cameco, Neil Mehta, Mehta, Joe Biden Organizations: Uranium, The U.S, Senate Locations: Friday's, Canada, Russia, Kazakhstan, The, Russian

☆ U.S. oil rises as Israel tells Palestinians to evacuate Rafah, Saudi Aramco increases prices
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

In this article @LCO.1@CL.1 Follow your favorite stocks CREATE FREE ACCOUNTPalestinians, including children, collect usable belongings in the heavily damaged buildings after Israeli attacks in Rafah, Gaza on February 12, 2024. Building targeted in the Israeli attacks and surrounding structures were damaged as Israel's air, land and sea attacks continue on the Gaza Strip. (Photo by Jehad Alshrafi/Anadolu via Getty Images) Jehad Alshrafi | Anadolu | Getty ImagesU.S. oil rose Monday, trying to recover from last week's steep declines, after Israel told Palestinians to evacuate the southern Gaza city of Rafah, and Saudi Aramco raised its official crude prices. Stock Chart Icon Stock chart icon WTI vs. BrentBut tensions in the Middle East are rising again after the Israel Defense Forces told some 100,000 Palestinians to leave the southern Gaza city of Rafah. Efforts to broker a ceasefire between Israel and Hamas have stalled again, with the two sides accusing each other of sabotaging a deal.

Persons: Jehad Alshrafi, Brent Organizations: Getty, Anadolu, Saudi Aramco, West Texas Intermediate Brent, Natural Gas, Israel Defense Forces, Hamas Locations: Rafah, Gaza, Anadolu, Israel, Saudi, Iran, U.S

☆ Police tactics at campus protests reveal disparities in approaches to public order and lessons learned post-George Floyd
▼ + stars: | 2024-05-05 | by ( Emma Tucker | ) edition.cnn.com time to read: +14 min

“I think we also saw this different sensibility about how to clear protests,” Straub said of the police response to campus demonstrations. In some cases, officers couldn’t distinguish lawful protesters from those who were being disruptive or causing violence, he added. The agreement mandated the NYPD to “change how it deploys officers to public demonstrations,” to better allow the public to exercise their First Amendment rights. NYPD officers in riot gear break into a building at Columbia University, where pro-Palestinian students were barricaded, on April 30. Officers were seen breaking down plywood barriers outside the entrenched encampment where protesters had barricaded themselves inside, as flash-bang explosives exploded overhead.

Persons: George Floyd, ”, Chuck Wexler, Emily Byrski, Joe Biden, ” Wexler, Frank Straub, ” Straub, PERF, Letitia James, James, Kena Betancur, Eric Adams, Kaz Daughtry, “, Spencer Fomby, Fomby, Straub, it’s, ” Fomby, Ryan Sun, ” CNN’s Julia Jones, Maria Sole, Artemis Moshtaghian Organizations: CNN, Police, Research, “ Police, Palestinian, Getty, Columbia University, New York Police Department, University of Arizona, UCLA, Israel, National Guard, Sound Schools, Center for, Police Foundation, ” Police, NYPD, New York, City College, Hampton Hall, Columbia, Hamilton, National Tactical Officers Association, ”, AP Locations: Gaza, Israel, AFP, California, Columbia, New York City, Hampton, Arizona, Los Angeles

☆ Data center boom is tailwind for natural gas. Goldman says these pipeline stocks will profit
▼ + stars: | 2024-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The two largest pipeline operators in the U.S. are poised to benefit from the data center boom as rising natural gas demand requires billions of dollar of infrastructure investment, according to Goldman Sachs. To satisfy power users, the data center boom could drive $7.4 billion in pipeline investments to boost capacity by 6.1 bcf/d through 2030. Goldman currently rates Kinder Morgan as buy with a stock price target of $20, implying 8% upside from Friday's close of $18.57. Williams Companies' market share stands at 33%, with strong exposure in the Southeast, including the nation's largest data center market in Northern Virignia. The company is the largest natural gas producer in the U.S., responsible for about 6% of total production.

Persons: Goldman Sachs, Kinder Morgan, Williams, KMI, Goldman, — CNBC's Michael Bloom Organizations: Goldman, Williams Companies, Williams, EQT Corp Locations: U.S, Texas, Northern Virignia

☆ AI could drive a natural gas boom as power companies face surging electricity demand
▼ + stars: | 2024-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City's current annual electricity consumption of 48 terawatt hours. The natural gas industry is betting gas will serve as the preferred choice. Coal plant retirements and data centers could result in 6 bcf/d of new natural gas demand in EQT's backyard by 2030, the CEO said. The level of electricity demand could help lift natural gas prices out of the doldrums.

Persons: Kena, Goldman Sachs, Robert, Richard Kinder, Kinder Morgan, Kinder, Roger Read, Wells, Goldman, Toby Rice, Rice, CNBC's, Christopher Womack, Robert Blue, EQT, Jeremy Knop, Knop, Blue, Read, Lynn, Zack Van Everen, Robert Kinder Organizations: Linden, View Press, Getty, Amazon, Google, Microsoft, Meta, Rystad Energy, Robert Blue Dominion Energy, Gas, Holt, Co, EQT Corp, U.S ., Dominion Energy, Georgia Power, Southern Company, Dominion, Renewables, CNBC, Lynn Good, Energy Locations: Linden New Jersey, U.S, Wells, Wells Fargo, New York, Houston, Pickering, Northern Virginia, Georgia, Appalachian, Virginia, Gulf

☆ Lithium giant Albemarle’s plans to reopen a rich mine in North Carolina will take years to complete
▼ + stars: | 2024-05-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Albemarle 's plans to reopen a resource rich lithium mine in North Carolina will take longer than originally expected as a collapse in lithium prices weighs on the company. Albemarle, a top lithium producer, had originally planned to reopen the Kings Mountain mine as early as late 2026 to increase domestic lithium production and support a U.S. electric vehicle battery supply chain. Kings Mountain could produce enough material to manufacture 1.2 million electric vehicles annually. There is currently only one operational lithium mine in the U.S. in Silver Peak, Nevada, which is owned by Albemarle. Albemarle does not have a precise date for when Kings Mountain will become operational, Norris said.

Persons: Albemarle, Eric Norris, It's, we've, Norris Organizations: CNBC, Kings Locations: North Carolina, Albemarle, U.S, Silver, , Nevada, Albemarle . Albemarle

☆ This solar stock is poised for 50% upside as demand strengthens on data center surge, Goldman says
▼ + stars: | 2024-05-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

First Solar is poised for growth as demand continues to improve with surging electricity consumption from data centers acting as a catalyst for the manufacturer, according to Goldman Sachs. The firm raised its stock price target to $268 after First Solar reported another stronger quarter, which suggests the shares could log 50% upside from Wednesday's close of $177.58. First Solar CEO Mark Widmar told analysts during the company's earnings call that he is seeing a "meaningful increase in demand expectations driven in part by data center load growth." Apple , Google, Meta , and Microsoft are committed to carbon-free energy as they hyperscale data centers, Widmar said. "We'll be ready to go as quickly as possible," Widmar told analysts.

Persons: Goldman Sachs, Brian Lee, Morgan, Mark Strouse, Strouse, Wall, Mark Widmar, Widmar, Alexander Bradley Organizations: First, Google, Microsoft

☆ FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board seat
▼ + stars: | 2024-05-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The FTC filed a complaint alleging that Scott Sheffield attempted to collude with representatives of OPEC to reduce oil and gas output to increase prices at the pump and inflate Pioneer's profits. "The FTC has a responsibility to refer potentially criminal behavior and takes that obligation very seriously," spokesman Doug Farrar told CNBC. In response, Exxon agreed to keep Sheffield off its board, the oil major said in a statement Thursday. The FTC alleged that Sheffield repeatedly held private conversations with high-ranking OPEC representatives to assure them that Pioneer and its competitors in the Permian Basin were working to keep oil output artificially low. "Notwithstanding, Pioneer and Mr. Sheffield are not taking any steps to prevent the merger from closing," the company said in the statement.

Persons: Scott Sheffield, Doug Farrar, Exxon, Sheffield, Sheffield's, Lina Khan, — CNBC's Pippa Stevens, Mary Catherine Wellons, Lina Khan's Organizations: Federal Trade Commission, Natural Resources, OPEC, Exxon Mobil, Pioneer, FTC, Justice Department, Wall Street, CNBC, Exxon, Sheffield

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