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New drilling technologies during the so-called Bakken Boom turned North Dakota into the nation's second-largest crude oil-producing state from 2012 to 2020. "This sale is a big deal in North Dakota," said Ron Ness, head of the North Dakota Petroleum Council, an industry trade group. "There's a sentimentality to this sale," said Kathy Neset, who runs a prominent North Dakota oil industry consulting firm and counts Hess as one of her largest clients. Chevron could take Bakken production higher than the output targeted by Hess in the future, said Matthew Bernstein, a senior analyst at Rystad Energy. Bakken oil production could drop to 1.15 million bpd from 2026 and be flat through 2030, before entering gradual decline as inventory exhaustion sets in, said Nathan Nemeth, a principal analyst at Wood Mackenzie.
Persons: Dado Ruvic, Hess, Boom, Mike Wirth, Wirth, Ron Ness, Kathy Neset, Matthew Bernstein, Bernstein, Jessie Jones, Jones, Nathan Nemeth, Wood Mackenzie, Stephanie Kelly, Ernest Scheyder, Marguerita Choy, Simon Webb Organizations: Chevron, Hess, REUTERS, Gulf Coast, Reuters Graphics Chevron, North Dakota Petroleum Council, Rystad Energy, Reuters Graphics Reuters, Energy, Thomson Locations: North Dakota, New Mexico, Gulf, Gulf Coast ., Midland, Texas
Shein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a rumored U.S. initial public offering, the companies announced Monday. As part of the deal, Shein will license Missguided's intellectual property to Sumwon Studios, a joint venture between Shein and Missguided founder Nitin Passi. Sumwon will manage and operate the Missguided brand. The brand gained prominence when it went viral for selling £1 bikinis and became a major player in British fast fashion. "Shein aims to reignite the Missguided brand, capitalising on its unique brand personality, and fuelling its global growth through SHEIN's on-demand production model, unparalleled e-commerce expertise and global reach."
Persons: Shein, Frasers, Nitin Passi, Sumwon, Missguided, Donald Tang Organizations: Frasers Group, Sumwon Studios, Frasers, Forever, Sparc Group, Authentic Brands Group, Simon Property, CNBC Locations: British, Shein, SHEIN's
And though comprehensive sickle cell care — at dedicated centers with expert hematologists, social workers and pain management specialists — reduces hospitalizations, and is the standard for diseases like cystic fibrosis and hemophilia, which do not disproportionately affect Black people, these centers are few and far between for sickle cell. Into this complicated landscape enters the possibility of gene therapy. It’s important to note that this isn’t the first cure for sickle cell. is expected to review another gene therapy from the company Bluebird Bio that targets sickle cell disease but does not use CRISPR; this was the therapy Mr. Holmes received as part of the N.I.H. When she was 17 and hospitalized, facing the reality of her chronic illness, she told her mother that she was ready to pursue gene therapy.
Persons: Holmes, Elizabeth Ford, Ford Organizations: Vertex Pharmaceuticals, CRISPR Therapeutics, Bluebird
The Enhanced Games is the brainchild of businessman Aron D’Souza. Aron D'Souza is the founder of the Enhanced Games. But that isn’t the only potential legal jeopardy the Enhanced Games faces, according to American lawyer Jim Walden, who represents Russian whistleblower Grigory Rodchenkov. “If you look at the Enhanced Games website, it’s almost as though they’re advertising their disregard of the law,” Walden told CNN Sport. If it goes ahead as planned in December 2024, D’Souza insists that the Enhanced Games will unlock the potential of humanity.
Persons: Dr, Grigory Rodchenkov, , Rodchenkov, Oscar, Aron D’Souza, , D’Souza, , Raphael Faiss, Faiss, WADA, they’re, Aron D'Souza, ” WADA, Travis Tygart, Jim Walden, ” Walden, Alex Wong, ” Rodchenkov, USADA’s Tygart, ” D’Souza, he’d, “ They’re, Ben Johnson, Johnson, Mike Powell, Pierre de Coubertin –, Ben Johnson –, Eugene, Simona Halep, – Faiss, CNN Roxadustat, Michele Verroken, ” Verroken, Verroken, Hamish Coffey, , Brett Fraser, ” Fraser, “ I’ve, I’ll, Jess Ennis, Hill, CNN D’Souza, Trevor Painter, ” Painter, John William Devine, ” Devine, don’t, Martial Saugy Organizations: CNN, Olympics, , Testing Agency, ITA, International Olympic Committee, Olympic Games, IOC, CNN Sport, Netflix, Doping Agency, Research, University of Lausanne, United, United States Anti, US Drug Enforcement Administration, FBI, Sports, Gaming Initiative, , Games, Seoul, London Games, Bettmann, Athletics Integrity Unit, National Institutes of Health, Sporting Integrity, Australian Olympic, Olympic, United States Patent, Sciences, Swansea University Locations: Paris, United States, Seoul, South Korea, Eugene , Oregon, Cayman Islands, Tokyo, Wales
Before the Bell: What do investors need to know about investing in Native American and Alaskan Native communities? Dawson Her Many Horses: Native American and Alaskan Native communities are more than an ethnic group or racial category. The National League Gaming Commission, which is the regulator for Native American casinos, publishes a yearly report on gross gaming revenues for casinos. When you look at some of the research that gets done, Native American and Alaskan Native households are almost always the most underbanked. People like to focus on what I call the ‘poverty porn’ aspects of Native American and Alaskan Native communities.
Persons: Dawson, , “ I’ve, , Bell, Banks, Wells, That’s, we’ve, Wells Fargo, they’re, Danielle Wiener, Bronner, Kit Kat, ” Hershey, Michele Buck, It’s, Dan Sadler, Covid shutdowns Organizations: CNN Business, Bell, New York CNN, CNN, Wells, Rosebud Sioux, The National League Gaming Commission, Bank of America, Federal, American Finance, Silicon Valley Bank, Hershey, Consumers, Dow, Federal Reserve, Apple Locations: New York, Rosebud, South Dakota, Wells Fargo, United States, Federal Government, Silicon, New York City, Alaska, Oklahoma, confections
An estimated 100,000 people in the United States have sickle cell disease, most of whom have African ancestry. will decide on another application for sickle cell gene therapy made by Bluebird Bio. Two other companies and an academic center, Boston Children’s Hospital, are testing their own sickle cell gene therapies. While these therapies could reduce the suffering of sickle cell patients in the United States and other wealthy countries, there is an even greater need for them in some developing countries like Nigeria. One company, Beam, is testing a way to provide gene editing that requires nothing more than a single infusion in a doctor’s office.
Persons: , Mariah Jacqueline Scott, Scott, , Stephan Grupp, What’s Organizations: Institute for Clinical, CRISPR Therapeutics, Children’s Hospital of Philadelphia, Bluebird, Boston Children’s Hospital Locations: United States, Highland Park, N.J, Boston, Nigeria
"I got back to northwestern Pennsylvania and I'm thinking, how am I possibly going to make a living in the art antiques world?" She then held a series of jobs in and around the world of antiques working in magazines, storage and the gallery space. And I'm thinking, is this real?' "And I'm thinking, is this real?" Her advice: 'Don't quit your day job'
Persons: Nora Curl, she'd, Curl, Elie Samaha, weren't, Norman Rockwells Curl, Norman Rockwell, Nelson Shanks, Princess Diana, Ronald Reagan, JustAnswer, Hummel, lockdowns Organizations: eBay, Allegheny College Locations: New York, Pennsylvania, LA, Steuben, America
To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Mahaney reiterated a buy rating on NFLX stock with a price target of $500. Baird analyst Colin Sebastian recently initiated a buy rating on CART stock with a price target of $31. SLBOilfield services company SLB (SLB), formerly Schlumberger, recently reported better-than-expected third-quarter adjusted earnings. Calling SLB a structural winner, particularly during pullbacks, Mehta reiterated a buy rating on the stock with a price target of $65.
Persons: Dado Ruvic, Wall, Mark Mahaney, Mahaney, TipRanks, roadmaps, Harlan Sur, Sur, Baird, Colin Sebastian, Sebastian, Instacart, SLB, Goldman Sachs, Neil Mehta, Mehta, Tesla Organizations: Reuters, Netflix, Nvidia, JPMorgan, TipRanks, Schlumberger, Saudi Aramco, United Arab Locations: Saudi, United Arab Emirates, Qatar
Workers with AI skills earn up to 40% more than those without them, new research finds. It comes as companies increasingly aim to hire staff with specialized AI skills. The study, which surveyed 25,000 freelance workers, showed that knowledge of machine learning, open-source AI software, and deep learning salaries were the skills employers valued the most. Speaking at the Google Cloud Next conference in London earlier this month, Unilever chief technology officer Adam Raeburn-Jones said AI skills will be a crucial factor in future hiring decisions. Stephan Pretorius, CTO of advertising agency WPP, said his company was now hiring people with specialist AI skills, and that employers would have to battle to attract young workers with AI expertise.
Persons: , Fabian Stephany, Adam Raeburn, Jones, Jobseekers, Raeburn, Stephan Pretorius Organizations: Service, Workers, Research, Oxford Internet Institute, University of Copenhagen, Google, Unilever, WPP, Columbia University Locations: London
UNITED NATIONS (AP) — U.N. Secretary-General António Guterres on Thursday announced the appointment of a 39-member global advisory panel to report on international governance of artificial intelligence and its risks, challenges and key opportunities. The U.N. chief told a news conference the gender-balanced, geographically diverse group which spans generations will issue preliminary recommendations by the end of the year and final recommendations by the summer of 2024. The recommendations will feed into the U.N. Summit of the Future, which world leaders will attend in September 2024. The U.N. said the formation of the body, with experts from government, the private sector, the research community, civil society and academia marks a significant step in its efforts to address issues of AI international governance and will help bridge existing and emerging initiatives.
Persons: — U.N, António Guterres, ” Guterres, Guterres, ” What's Organizations: UNITED NATIONS, Locations: chasms
SPREAD TOO THINA major drawback for potential green hydrogen users is that there has been too little of the stuff available to allow for much real world testing. Yet these train systems have occupied the time and attention of hydrogen system developers that may have been better spent elsewhere. And as heat pumps have been making rapid inroads into home heating markets across Europe and elsewhere in recent years - at a fraction of the cost of a potential hydrogen set up - it is clear that household hydrogen applications will remain scarce. LADDERING UPThe most promising areas for potential hydrogen use have been highlighted by industry analyst Michael Liebreich in his so-called Hydrogen Ladder. Rather than attempt to deploy hydrogen against lower-cost options in homes and transport systems, Liebreich suggests that the hydrogen industry pursue demand opportunities in helping heavy industry to decarbonise.
Persons: Michael Liebreich, Gavin Maguire, Stephen Coates Organizations: International Energy Agency, Reuters, Thomson Locations: LITTLETON , Colorado, Germany, Europe
Intel is playing catch-up in the AI race
  + stars: | 2023-10-26 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +2 min
Chip maker Intel is in catch-up mode on AI. In May, it revealed a new AI chip called "Falcon Shores" that will be packed with the memory and computing power needed for the intensive workloads of AI tools such as ChatGPT. The productivity and efficiency benefits of generative AI tools like ChatGPT have led several CEOs to talk openly about their intent to deploy AI within their workforce, creating an opportunity for tech companies to offer them customized solutions. AdvertisementAdvertisementIntel's efforts to make headway in AI come amid pressure on other key parts of its business. Intel did not immediately respond to a request for comment from Insider, made outside regular working hours.
Persons: , Intel's Organizations: Intel, Service, Nvidia, Boston Consulting Group, Bloomberg
Card is a certified firearms instructor, law enforcement officials in Maine told CNN. Lewiston Police Department identified Robert Card as a "person of interest" involved in the Lewiston shooting. “I would say living up in Maine he has more outdoor experience than most people get in their bootcamp experience in the Army,” D’Amico said. His careful planningSeveral law enforcement experts also pointed to what they said was evidence of careful planning by the suspect. Those are unknowns,” said CNN Chief Law Enforcement and Intelligence Analyst John Miller.
Persons: Robert Card, Maine’s, , Jonathan Wackrow, he’s, Clifford Steeves, Rob D’Amico, D’Amico, Michael Harrison, ” Harrison, Steeves, Chellie Pingree, , ” D’Amico, “ He’s, Juliette Kayyem, Wackrow, John Miller, ” Miller, who’s Organizations: CNN, US Army, Army, Card’s Army Reserve Unit, Lewiston Police, Lewiston Police Department, FBI, CNN Card, Army Reserves, US, Subaru, Intelligence Locations: Maine, Lewiston, Portland, Baltimore, Lisbon
Daniel Lubetzky, billionaire founder of Kind Snacks, attributes his success to a simple decision: surrounding himself with people who feel comfortable giving him honest, raw feedback. Lubetzky founded Kind Snacks in 2004, initially running it on a shoestring budget before accepting roughly $16 million of outside funding in 2008. Just over a decade later, Kind was acquired by food giant Mars for a reported $5 billion in 2020. "Environments that discourage hearty debate are shockingly common," Lubetzky says. You should also prioritize people who are "kind" over people who are "nice," Lubetzky says.
Persons: Daniel Lubetzky, Lubetzky, , Forbes, Rick Nucci, Nucci Organizations: CNBC
CNN —Hidden under years of dirt and grime in storage rooms, hundreds of precious religious objects have been rediscovered at a monastery in Nepal’s capital, Kathmandu. Until earlier this year, three of the sculptures were more than 7,500 miles away in New York’s Rubin Museum of Art, which specializes in Himalayan art, as well as the Metropolitan Museum of Art. Like many of Nepal’s religious sites, Itumbaha is no stranger to the theft and looting of its relics and architecture. A 14th-century carving religious carving (top) that was returned to Itumbaha by New York's Rubin Museum of Art. But for Itumbaha’s leaders, the process of recovering these objects was not only about addressing historical injustice.
Persons: , New York’s Rubin, New York's Rubin, Pranab Joshi, Rubin, Swosti Rajbhandari, Pragya Ji, Jorrit Britschgi, , ’ ”, Roshan Mishra, Mishra, Nepalis, it’s, , ” Mishra, they’re, ” Kayastha, , ” “ Rubin, “ Rubin, Riddhi Baba Pradhan, Itumbaha Pradhan Organizations: CNN, New York’s, New York’s Rubin Museum of Art, Metropolitan Museum of Art, New, New York's Rubin Museum of Art, Met, Lumbini Buddhist University, Records, Ithum Conservation Society, Rubin Museum, Lost Arts of Nepal, Locations: Nepal’s, Kathmandu, New, Itumbaha, Nepal, Lumbini, Ithum, Kathmandu Valley
The government wants to persuade pension schemes to invest some of their funds in infrastructure as well as startups and green technology. Ten companies have now voluntarily committed to invest 5% of their pension funds, or about 50 billion pounds in total, in unlisted companies by 2030. "I think we have got too many pension funds in this country, and I do want to see an industry where we end up with fewer, larger funds," Hunt told an event to take stock of the initiative. He said he wanted to see larger funds with the confidence to invest in growth companies. Delfas said fewer, larger and well run schemes were needed, and it was time to consolidate pension funds that lack expertise, scale and appetite to deliver better returns to savers into funds that do.
Persons: Jeremy Hunt, Hunt, Aon, Delfas, Huw Jones, Sachin Ravikumar, Jane Merriman Organizations: Insurance, British Private Equity, Venture Capital Association, British Business Bank, Pensions, Thomson Locations: Britain
The potential timing of those sales is uncertain, as similar agreements in the past have sometimes led to immediate announcements of large U.S. export sales while other times they have not. Soybean Export Council (USSEC) on Tuesday were also unusually thin as neither volumes nor commodities were specified as normal. Therefore, large daily sales announcements from the U.S. Department of Agriculture are not guaranteed to follow. Some of the other biggest daily soybean sales also immediately followed signings. U.S. soybean export sales to China, October 12Karen Braun is a market analyst for Reuters.
Persons: Stringer, Karen Braun, Matthew Lewis Organizations: REUTERS, Rights, China, Export, U.S . Department of Agriculture, Brazil, Reuters, Thomson Locations: Wuhan, Hubei, Rights NAPERVILLE , Illinois, Iowa, U.S, Beijing, China, China’s U.S
Win Mcnamee | ReutersForecasters have been really wrong on the economy recently, but it's nothing new: They've always been wrong. — that the economic forecasts of the major Wall Street banks had been "100 percent dead wrong" in the last 18 months. It's true that Covid and the Russian invasion of Ukraine threw off forecasts, but that's beside the point: Wrong forecasts are the norm, not the exception. The Federal Reserve's own research staff studied the Federal Reserve's economic forecasts from 1997 to 2008 and found that the Fed's predictions for economic activity one year out were no better than average benchmark predictions. The Times story notes other factors that threw off recent economic forecasts: the Russian invasion of Ukraine: being too pessimistic on growth prospects, lack of good data on real-time consumer savings.
Persons: Win Mcnamee, Jamie Dimon, , Dimon, He's, Torsten Slok, Russia hadn't, It's, Philip Tetlock, Covid Organizations: U.S . Federal, Washington , D.C, Reuters, JPMorgan Chase, Future Investment, New York Times, Apollo Global Management, Federal Reserve, New York Stock Exchange, Federal, University of Pennsylvania, Fed Locations: Washington ,, Riyadh, Saudi Arabia, Russia, Ukraine, U.S
WASHINGTON (AP) — A low-key lawmaker in Congress for less than a decade, new House Speaker Mike Johnson isn’t recognizable to most Americans. But the social conservative and devoted ally of former President Donald Trump has been a quiet force within the Republican conference he now unexpectedly leads. “A friend to all and an enemy to none,” Republican conference chairwoman Elise Stefanik said when nominating Johnson ahead of the speaker vote Wednesday. A constitutional lawyer and former member of the Louisiana state House, Johnson was first elected to the U.S. House in 2016. Among the more conservative members of the GOP conference, Johnson has consistently opposed a woman’s right to abortion — “we will get the number of abortions to ZERO!
Persons: Mike Johnson, Donald Trump, Kevin McCarthy, , Elise Stefanik, Johnson, ” Johnson, Newt Gingrich, , Trump’s, Jim Jordan, Trump, , Doug Collins, Collins, Mike, ” Collins, Biden, Virginia Foxx, Hakeem Jeffries, Matt Gaetz, McCarthy’s, I’ve, ” Gaetz, ” McCarthy, Mario Diaz Balart, Jordan’s, Thomas Massie, Kevin Freking, Stephen Groves, Lisa Mascaro, Farnoush Amiri, Jill Colvin, Matthew Daly Organizations: WASHINGTON, Republican, Louisiana Republican, GOP, U.S . House, Twitter, Committee, Trump, ” Former Georgia, Capitol, North Carolina Rep, Democratic, Florida, Associated Press Locations: Louisiana, Israel, Georgia
Elon Musk's current custody battle with Grimes hinges on where his children with the musician live. At a Formula 1 event in Texas, Musk was pictured waving to the crowd with his son X on his shoulders. AdvertisementAdvertisementTesla CEO Elon Musk made an appearance at Sunday's F1 race in Austin, Texas, with his son X perched on his shoulders. The 3-year-old is at the center of a parental rights battle between Musk and his sometimes-partner, musician Grimes. X, meanwhile, is "only absent from California over [Boucher's] objection," according to Grimes' October 6 request for Musk's case to be thrown out, previously obtained by Insider.
Persons: Elon Musk's, Grimes, Musk, X, , Elon Musk, Claire Boucher, Musk's Cybertruck, nannies, Peter M, Walzer Melcher, Grimes didn't Organizations: Service, Tau, SpaceX, Mercedes, Musk Locations: Texas, Austin , Texas, California, Musk's
Policymakers in Washington are now engaged in a wide range of discussions regarding how to prevent AI technology from spinning out of control. Rather than upending the old order, there's a real possibility in this case that disruption will help the big get bigger, with challengers struggling to gain any real traction. In short, AI shouldn't be a vehicle used to ensure that Silicon Valley-based Big Tech can extend its dominance. America has not always remained true to its embrace of bottom-up innovation — and the innovation economy has suffered as a result. This new technology should not be a wedge that further separates the tech world from the rest of America.
Persons: we're, we've, That's worrisome, Ma Bell, Steve Case Organizations: Big Tech, Brookings, America, Carolinas, D.C, Schumer's Locations: Washington, China, Silicon Valley, That's, Silicon, America, Arkansas, Sen
AdvertisementAdvertisementLosses from insurance fraud are nearly double what they were 30 years ago. Scott Clayton, the head of claims fraud at Zurich Insurance Group. AdvertisementAdvertisementOn the other hand, around 40% of fraud is premeditated, and these cases can cost insurance companies upwards of €3,000, or around $3,170, according to the study. But the Insurance Fraud Detection Market is expected to grow from $5 billion in 2023 to $17 billion in 2028. AdvertisementAdvertisementIn the past 10 years, various third-party developers like Friss, IBM, and Shift Technology have started tailoring machine-learning systems to insurance companies.
Persons: , they're, Alan Turing, It's, Scott Clayton, shallowfakes —, Clayton, I'm, we'll, Arnaud Grapinet, he's, Grapinet, it's, Rob Galbraith, Jennifer Lindberg, Rob Morton, Galbraith Organizations: Service, Coalition Against Insurance, Zurich Insurance, AXA Research Fund, Technology, IBM, Employees Locations: United States, Spain
Larry Hogan is pulling out of two Harvard University fellowship programs. Hogan said this was in response to "dangerous anti-Semitism" that had "taken root" on its campus. AdvertisementAdvertisementFormer Maryland Governor Larry Hogan is the latest prominent figures to cut ties with Harvard, saying he's withdrawing from the university's fellowship programs over what he claims is "dangerous anti-Semitism" on campus. "I cannot condone the dangerous anti-Semitism that has taken root on your campus, especially by more than 30 Harvard student organizations attempting to justify and celebrate Hamas' terrorism against innocent Israeli and American civilians." Gay, the university's president, has made multiple statements condemning Hamas' violence and has stressed that the student groups don't speak for Harvard or its leadership.
Persons: Larry Hogan, Hogan, , Claudine Gay, Gay, Hauser, Jacinda Ardern, Israel, Bill Ackman, Idan, Batia Ofer, Les Organizations: Maryland Gov, Harvard University, Service, Harvard, Hamas, University, Harvard's Kennedy School of Politics, Chan, of Public Health, Harvard Kennedy School, Kennedy School, New Zealand, Hauser, Republican, Business, Wexner Foundation, Gay, Palestine Solidarity Committee, PSC Locations: Israel, Maryland
Days after the United States’ shuttle diplomacy in the Middle East, which culminated in President Joe Biden’s historic wartime visit to Israel, China has started its own diplomatic hustling in a region teetering on the brink of a wider conflict. Zhai has traveled to Qatar and attended a peace summit in Egypt, calling for a ceasefire, humanitarian access to Gaza and reiterating China’s support for a two-state solution. It is unclear if he will visit Israel, as Beijing has provided no details of the trip. Few experts in or familiar with the Middle East expect Zhai’s trip will lead to any concrete deliverables in peacemaking. Instead, they view it as a chance for China to tilt the global balance of power further in its favor as the strategic competition with the US heats up.
Persons: Joe Biden’s, Zhai Jun, Beijing’s, Zhai Organizations: United Locations: United States, Israel, China, Beijing, Palestinian, Qatar, Egypt, Gaza, peacemaking
Hiring managers are less and less impressed by where you went to college — or if you have a four-year degree at all. Nearly half — 45% — of companies have dropped degree requirements for some roles this year, according to new research from ZipRecruiter, which surveyed more than 2,000 U.S. employers. Instead, companies are prioritizing skills over education: 42% of companies are now explicitly using skills-related metrics to find candidates, LinkedIn told CNBC Make It in June, up 12% from a year earlier. "Employers have the perception that younger generations are no longer picking up these important soft skills at school or at college," she explains. Between 2021 and 2022, when companies were desperate to fill vacancies, many lowered their recruiting standards, hiring more "novice employees" lacking these important soft skills, says Pollak.
Persons: Julia Pollak, Marissa Morrison, Morrison, Pollak, Gen, Amanda Augustine, you've, Augustine Organizations: CNBC, Harvard Business, Glass Institute, Employers, Society for Human Resource Management, Global Locations: ZipRecruiter
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