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☆ 'Mispriced' stocks like this solar name are too attractive to ignore, Bank of America says
▼ + stars: | 2023-09-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earlier this week, however, the bank lifted its rating to buy from neutral, saying ESAB is too attractive to ignore. "In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst," El-Sabbahy wrote. First Solar Analyst Julien Dumoulin-Smith is getting increasingly bullish on shares of the solar company. ESAB "ESAB is executing better than expected (leverage falling, margin expanding, growth outperforming) and we have a renewed appreciation of its portfolio. In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst."

Persons: ESAB, Sherif El, Sabbahy, Julien Dumoulin, Smith, BofA, FSLR, Didier Scemama, ASML, Scemama, mgmt, RMD Organizations: of America, CNBC Locations: Swedish, GLP

☆ Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to health care to retail
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

Jeff Marks: The upcoming earnings report should be good considering how strong the beer business is doing. Jim Cramer: Estee Lauder CEO Fabrizio Freda was adamant that this quarter wouldn't be any good so everyone is selling it. (Ronald) Jim Cramer: There is no pressure that could pull oil down with the Saudi Arabia oil cuts and Russia export cuts. Jeff Marks: These oil stocks have become great hedges to inflation again, much like they were last year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Jim Cramer, Johnson, Arbitrageurs, Greg, There's, We're, Elliott Management's, I'd, Elliott, Morgan Stanley, Carey, we've, James Gorman, Jim, Estee Lauder, Fabrizio Freda, there's, Dave Cote, Darius Adamczyk, Vimal Kapur, Darius, hasn't, —, Ronald, Rick, We've Organizations: Investing Club, Broadcom, VMWare, AAA, Constellation Brands, Modelo, Elliott Management, Cisco, Palo Alto Networks, Honeywell, Morgan, Morgan Stanley Laguna, GE Healthcare, Natural Resources, Devon Energy, Halliburton, HAL, Costco, Walmart, Kirkland, CNBC Locations: Canada, Johnson, Mel , Pennsylvania, Manville, New Jersey, U.S, Carey , Virginia, Asia, Kyle , Wisconsin, PANW, Omar , Colorado, Saudi Arabia, buybacks, GEHC

☆ Opinion: Why we’re seeing so many deadly floods
▼ + stars: | 2023-09-21 | by ( Jessica Chia | Opinion Adam H. Sobel | ) edition.cnn.com time to read: +6 min

Is this climate change, or just a particularly severe bunch of weather flukes happening in close succession due to the climate’s own natural variability? But climate change acts by loading the dice on many types of weather events. That shouldn’t be comforting; climate change could be playing a larger role than we expect in many of these events. Even without climate change, it would behoove us to catch up on their maintenance, or, where these dams are no longer truly needed, remove them. What we know about climate change and extreme weather should strengthen that motivation; what we don’t know should strengthen it even more.

Persons: Adam H, Sobel, Columbia University’s Lamont, Adam Sobel Danny Goldfield, Daniel, it’s, El Niño, El Niños, El Organizations: Columbia, Fu Foundation School of Engineering, Applied, Twitter, CNN, Humanitarian Affairs, El Locations: Massachusetts, Hong Kong, Greece, Spain, Libya, El, Europe

☆ Here's a rapid-fire update on all 35 stocks in the Club's portfolio, including a new buy
▼ + stars: | 2023-09-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. But for investors who haven't bought into its steep pullback, it's reasonable to buy some shares at current levels around $146.50 each. Unless you believe inflation is going to keep raging, making Microsoft's price-to-earnings multiple too high, then this stock is a buy. Nvidia (NVDA): Investors who don't own Nvidia yet should use its recent weakness to start a position, Jim said. Pioneer Natural Resources (PXD): We decided to buy additional Pioneer shares Thursday as the stock fell more than 2%.

Persons: Jim Cramer's, Jim, Amazon, he's, could've, We're, Jefferies, it's, we'd, Dupont De Nemours, That's, Dupont, Danaher, Bob Iger, Estee Lauder, haven't, Locker, Marry Dillon, Leqembi, Eli Lilly's donanemab, Vimal Kapur, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, we're, James Gorman, Oracle, Safra Catz, Elliott, Stanley Black, Decker, TJ Maxx, Wells Fargo, Wells, Wynn, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Web Services, Broadcom, Google, Bausch Health, Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Coterra, Emerson, National Instruments, Ford, United Auto Workers, GE Healthcare, Honeywell International, Honeywell, Linde, LIN, Mounjaro, Meta, Microsoft, Nvidia, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, Constellation, Elliott Management, TJX, Marshalls, Wynn Resorts, WYNN Locations: China, India, Dupont, Emerson, Meta, Beijing, HomeGoods

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Ten countries and territories saw severe flooding in just 12 days
▼ + stars: | 2023-09-16 | by ( Jessie Yeung | ) edition.cnn.com time to read: +14 min

Hong Kong CNN —September started with a typhoon that ripped through Hong Kong, uprooting trees and flooding the city. People walk past houses destroyed by heavy rain and flooding in Derna, Libya, on September 13, 2023. Elsewhere in Europe, a separate storm – Storm Dana – saw torrential rain across Spain, damaging homes and killing at least three people. Esam Omran Al-Fetori/Reuters An aerial view of the devastation after flooding caused by Storm Daniel on September 15. Abdullah Mohammed Bonja/Anadolu Agency/Getty Images This satellite photo shows the extent of Derna's flooding on September 12.

Persons: Hong Kong CNN —, ”, Jung, Eun Chu, Esam Omran, Chu, they’ve, Storm Daniel, Angelos Tzortzinis, Kyriakos Mitsotakis, Theodoros Skylakakis, “, Megala, Giannis Floulis, Dana –, Cross, Martin Griffiths, Ciaran Donnelly, Amr Alfiky, Ayman Al, Zohra Bensemra, Yousef Murad, Muhammad J, Abdullah Doma, Ahmed Elumami, Jamal Alkomaty, Abdullah Mohammed Bonja, Omar Jarhman, Ali Al, Saadi, Haikui –, Saola, Haikui, Maria Clara Sassaki, Rick Cinclair, Phil Klotzbach Organizations: Hong Kong CNN, UN, City University of Hong, Getty, Greek, CNN, International Committee, International Rescue, United Arab Emirates, Reuters Volunteers, Reuters, Elalwany, Anadolu Agency, Reuters Workers, Planet Labs PBC, AP, AFP, CNN Brasil, Worcester Telegram, Gazette, National Oceanic, Atmospheric Administration, of Atmospheric Science, Colorado State University Locations: Hong Kong, Libya, City University of Hong Kong, Derna, Europe, Greece, Palamas, AFP, Megala Kalyvia, Turkey, Istanbul, Bulgaria, Spain, Libyan, Shahhat, Asia, Taiwan, China, Shenzhen, Americas, Brazil, Rio Grande do Sul, Brazilian, United States, Nevada, Massachusetts, New Hampshire, Leominster , Massachusetts, El

☆ One year since Mahsa Amini’s death, a protester shot in the eye during Iran’s crackdown continues her struggle from exile
▼ + stars: | 2023-09-16 | by ( Adam Pourahmadi Sarah El Sirgany Jomana Karadsheh | Adam Pourahmadi | Sarah El Sirgany | ) edition.cnn.com time to read: +10 min

Milan, Italy CNN —Elahe Tavakolian’s shooter was so close, she could see him pointing his gun at her. Flares of dissent were slowly lighting up cities and small towns like Esfarayen in the northeast of the country, where Tavakolian was shot. Help!’” she tells CNN in an interview in Milan, Italy, where she has sought asylum. Tavakolian felt like her fight wasn’t over. Now fitted with a prosthetic eye in Italy, Tavakolian is coming to terms with her new reality.

Persons: Italy CNN — Elahe, ”, “, Ayatollah Ali Khamenei, Tavakolian, ” Tavakolian, can’t, ‘, didn’t, ’, I’m, Mahsa, IranWire, ophthalmologists, Mark Esplin, Roberta Rei, she’s Organizations: Italy CNN, Iran’s, CNN, Taxi, Amnesty, UN, Rights, News Agency, Human Rights, San Locations: Milan, Italy, Iran

☆ Here's our second-quarter earnings report card for 34 stocks in the portfolio
▼ + stars: | 2023-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

Eli Lilly not only reported a stellar second quarter, management was able to raise its full-year sales and adjusted earnings outlook as well. Though revenues were a tad short, earnings results were better than expected on a both a HAAP and adjusted basis. Constellation Brands' (STZ) sales and earnings results outpaced expectations. DuPont (DD) reported a good quarter prior to us initiating a position in the name. But the slight comparable-sales miss in North America prompted questions about the company's ability to hit its long-term targets of 10% to 12% revenue growth and 15% to 20% earnings growth.

Persons: That's, Eli Lilly, Mounjaro, Morgan Stanley, Stanley Black, Decker, it's, Wells Fargo, Sartorius, Estee Lauder, We're, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Procter, Gamble, TJX, Federal Reserve, Club, Costco, Emerson Electric, Humana, Oracle, Alto Networks, billings, Companies, Wynn Resorts, WYNN, North, Broadcom, Constellation Brands, DuPont, Ford, GE Healthcare Technologies, Linde, LIN, Microsoft, Natural Resources, Procter & Gamble, —, Health, Coterra Energy, Disney, Starbucks, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Macau, North American, DuPont's, India, North America, Los Angeles , California

And, in the meantime, our China-focused names are poised to ride out the storm, while finding alternate routes to growth. Beyond the housing-sector woes, manufacturing activity is shrinking, a youth unemployment crisis is a ballooning, and consumer spending remains sluggish. With these macroeconomic headwinds holding back growth for some of the Club's key holdings, here's why we're sticking with these China-exposed names — and how each is responding. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Lauder, Estee Lauder, we're, Tim Cook, That's, Bernstein, WYNN, Wynn, Stifel, Jim Cramer's, Jim, Yan Daming Organizations: Wall, Research, CNBC, Big Tech, Starbucks, Wynn Resorts, WYNN, Wynn, Visual China, Getty Locations: China, Beijing, Asia, Pacific, Hainan, India, Taiwan, Hong Kong, Americas, Europe, U.S, Macao, Wynn, Nanjing, Shanghai

☆ ¿No entiendes el diálogo de tu serie favorita? No estás solo
▼ + stars: | 2023-08-30 | by ( Brian X. Chen | ) www.nytimes.com time to read: +1 min

Al comienzo del programa, pensé que un actor había dicho: “Es cierto, ella tenía el anillo que le diste… pensé que ustedes dos estaban tratando de resolver sus problemas”. En realidad, el actor dijo: “Ay, lo siento, todavía llevabas el anillo puesto… pensé que ustedes dos estaban tratando de resolver sus problemas”. Tuve mejor suerte con otra escena en la que había una conversación telefónica donde Jack Ryan y su antiguo jefe hacían planes para reunirse. En conclusiónLa barra de sonido Sonos Arc fue útil para escuchar diálogos sin el potenciador de voz activado la mayor parte del tiempo en películas y series. Para todos los demás, la buena noticia es que instalar incluso un altavoz más barato que carezca de un modo para los diálogos puede ayudar mucho.

☆ In Push to Modernize Cairo, Cultural Gems and Green Spaces Razed
▼ + stars: | 2023-08-26 | by ( Vivian Yee | More About Vivian Yee | ) www.nytimes.com time to read: +1 min

Gardens have vanished, and with them many of Cairo’s trees. Few cities live and breathe antiquity like Cairo, a sun-strafed, traffic-choked desert metropolis jammed with roughly 22 million people. But President Abdel Fattah el-Sisi is modernizing this superannuated city, fast. And he considers the construction as one of the major accomplishments of his tenure. “There is not a single place in Egypt that has not been touched by the hand of development,” Mr. el-Sisi proclaimed in a recent speech.

Persons: Abdel Fattah el, Mr, Sisi Locations: Cairo, Egypt

☆ Alix Dorsainvil: 'One day I hope to hug you in heaven,' US nurse tells kidnappers who held her for 13 days in Haiti
▼ + stars: | 2023-08-24 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +4 min

The US State Department that day ordered the departure of nonemergency government personnel from Haiti, where the security situation recently has deteriorated. Authorities registered 1,014 kidnappings in Haiti from January to June this year – 256 women, 13 girls and 24 boys – according to a United Nations report. El Roi HaitiDorsainvil first visited Haiti after the 2010 earthquake while she was still in college and “fell in love with the people,” El Roi Haiti said in a statement. She’d been on El Roi Haiti’s staff as a nurse to schoolchildren since 2020 and married the non-profit’s director, Sandro Dorsainvil, in 2021, the organization said. “Despite what happened to me, my love for you all, my love for Haiti has not changed or gone away,” she said.

Persons: Alix Dorsainvil, ” Dorsainvil, “, ”, Dorsainvil, Dorsainvil’s, Duvivier, Jesus Christ, El, El Roi Haiti Dorsainvil, ” El, She’d, Sandro Dorsainvil, I’d, I’ve Organizations: CNN, YouTube, US State Department, Prince, Authorities, United, El Roi Haiti Locations: Haiti, Haitian, The New Hampshire, El Roi Haiti, Port, United Nations, El Roi, ” El Roi Haiti, Caribbean, El

"The price of global rice prices is particularly worrying," Qingfeng Zhang, a senior director from the Asian Development Bank, told CNBC. Other than India, food inflation has been relatively tame in Asia so far this year. Underscoring how higher food prices erode purchasing power, ADB suggested at that time that a 10% rise in domestic food prices in developing Asia would push 64.4 million into poverty, based on the $1.25-a-day poverty line. Moreover, this spike in rice prices is happening amidst widespread lower food prices. watch nowThis means any spikes in food prices will only translate to food inflation toward the end of this year or early 2024.

Persons: Qingfeng Zhang, El Niño, Niño, Erica Tay, Tay, Tay . Rice, Xi Jinping, Morgan Stanley, Maybank Nomura, Sonal Varma, Si Ying Toh, Nomura, Paul Hughes, Hughes, Global's Hughes Organizations: Istock, Asian Development Bank, CNBC, ADB, United Nations, FAO, Tay . Locations: Ho Chi Minh, Vietnam, Asia, India, Thailand, China, Myanmar, Cambodia, Tay, U.S, El, Australia, Pacific, Singapore, Hong Kong, Indonesia, South Korea, Philippines, Malaysia

☆ Major shipping routes are struggling with water shortages. El Niño could make it worse
▼ + stars: | 2023-08-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

A ship navigates the Panama Canal in the area of the Americas' Bridge in Panama City on June 12, 2023. Luis Acosta | Afp | Getty ImagesAn increasing number of climate-driven extreme weather events is taking its toll on the world's major shipping routes — and El Niño could make matters worse. In drought-stricken Panama, low water levels have prompted the Central American country to reduce the number of vessels that pass through the critically important Panama Canal. The Panama Canal Authority, which manages the waterway, said earlier this month that the measures were necessary because of "unprecedented challenges." "Right now, we do not see that filling up of the water levels that a normal year would bring around.

Persons: Luis Acosta, El Niño, El, Peter Sands, Sands, Lars Ostergaard Nielsen, Moller, Balint Porneczi, Nielsen Organizations: Afp, Getty, Central, Atlantic, Panama Canal Authority, CNBC, Analysts, Planet Labs PBC, El, Maersk, Bloomberg, Palatinate . Locations: Panama, Panama City, Central American, Suez, Europe, Asia, Pacific, Germany, Rotterdam, Bacharach, Rhineland, Palatinate, Frankfurt

☆ With the market oversold, we're going to hold our noses and do some buying
▼ + stars: | 2023-08-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Stocks fall, market oversold Stocks are lower again Friday, putting the S & P 500 on track for a third-straight week of declines for the first time since February. But the market is, at least, finally oversold, with the S & P 500 Short Range Oscillator at minus 4.54% following Thursday's sell-off. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Estee Lauder, That's, Fabrizio Freda, We'll, Palo, let's, Nikesh Arora, Jim Cramer's, Jim Organizations: CNBC, Prestige, Palo Alto Networks, Nvidia Locations: Palo, FL

☆ Conditions are ripe for a global coral bleaching event: ‘Florida is just the tip of the iceberg’
▼ + stars: | 2023-08-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

NOAA, coral reefs, Florida Keys, coral reefs, coral bleaching, climate change, warm oceansCoral reefs off the coast of Florida are being hit by a mass bleaching event due to record high ocean temperatures, and early indications suggest a global mass bleaching event could be underway. The Sentinel climate research and monitoring site in the Florida Keys has recorded 100% coral bleaching since late July. There have been eight mass coral bleaching events that have impacted the entire Florida Keys since 1987, Manzello said. "We're talking about thousands upon thousands of miles of coral reefs undergoing severe bleaching heat stress," Manzello said. "Now, it's still way too early to predict whether or not there will be a global bleaching event, but if we compare what is happening right now to what happened in the beginning of the past global bleaching event, things are worse now than they were in 2014 to 2017."

Persons: Derek Manzello, Ian Enochs, They're, Enochs, Manzello, zooxanthellae, El Nino, Andy Bruckner, Bruckner, what's, Jennifer Koss, Koss Organizations: NOAA, National Oceanic, Reef Watch, Oceanographic, Meteorological Laboratory, Southeast, Florida Keys, Florida Keys National, Islands, Reef Conservation Locations: Florida, Southeast Florida, Columbia, Cuba, El, Costa Rica, El Salvador, Mexico, Panama, Belize, Panama , Puerto Rico, elkhorn

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ Renewable energy sources have kept the Texas power grid stable this summer even as the state breaks record after record for power usage
▼ + stars: | 2023-08-12 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Renewable energy has kept the power grid "remarkably stable" despite the significant strain, an expert says. Texas leads the nation in wind-generated power and is third in the country for solar power. As these extreme temperatures continue to bake Texas, residents are cranking up their air conditioning, straining the state's power grid. Texas produces more wind-powered electricity than any other state and is a national leader in solar energy alongside California and Florida. Some state and national Republicans, however, have pushed back against legislation that would further strengthen the clean energy sources keeping the air conditioners running in Texas this summer.

Persons: Austin, Emily Foxhall, Joshua Rhodes, Rhodes, we're Organizations: Service, Lone Star, Electric, of Texas, Texas Tribune, CBS, Webber Energy Group, University of Texas, Texas, Republicans Locations: Texas, El Paso, California, Florida . Texas

Next week could be a tough one for some companies slated to report earnings. Heading into the new week, however, there are some companies analysts have become more pessimistic on and have cut estimates ahead of their reports. The cosmetics giant is slated to report earnings Aug. 18. Both companies have noted a more cautious consumer due to sticky inflation in past earnings reports. Analysts polled by FactSet forecast adjusted earnings per share of $4.46 for Home Depot and $1.69 for Walmart.

Persons: Estée Lauder, markdown, Lauder YTD Estée Lauder, FactSet Organizations: Walmart, Target, Disney, CNBC, Depot

☆ Sweaty Europe can kill two birds with one pump
▼ + stars: | 2023-08-07 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +8 min

What may be less immediately obvious is that heat pumps are the best way to do both. In Europe, currently only 16% of residential buildings use heat pumps, according to a study from the European Heat Pump Association (EHPA) based on data from 21 countries including non-EU Britain and Norway, with 20 million heat pumps installed. On average buying and installing a heat pump could cost up to $13,000 compared to $2,500 for a gas boiler. Heat pump sales rose 35% in Italy last year, making it Europe’s second-biggest marketplace after France, EHPA data shows. To meet net-zero targets by 2030 EHPA estimates Europe would need 60 million more heat pumps installed by 2030.

Persons: Remo Casilli, Olaf Scholz’s, Joe Biden’s, António Guterres, George Hay, Oliver Taslic, Streisand Neto Organizations: Popolo, REUTERS, Remo Casilli LONDON, Reuters, International Energy Agency, IEA, European Union, Pump Association, Reuters Graphics, U.S . Energy Information Administration, Carrier, Mitsubishi Electric, Daikin Industries, El, El Corte Inglés, Thomson Locations: Italy, Rome, Europe, EU Britain, Norway, France, Germany, Poland, Brussels, Britain, United States, U.S, U.N, El Corte

☆ Fact Check-UFO-themed Spanish ad falsely shared as real footage
▼ + stars: | 2023-08-04 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Staged footage of a UFO plunging into the ocean, which was created for a Spanish advertising campaign in 2009, is being shared on social media, wrongly labelled as a real sighting. Películas Pendelton founder Luis Manso confirmed to Reuters in an email in February that the video was part of an advertising campaign for Terra. A video titled “Making of ‘El Ovni Gallego’” was uploaded to YouTube in October 2009 (youtu.be/fmxsZbssmDE). Media reports about the advertising campaign can be seen (here), (here), (here). Video shows a Spanish advertisement released in 2009, not a real UFO sighting.

Persons: El Ovni Gallego ”, Pendelton, Doyle Dane, Películas Pendelton, Luis Manso, El Ovni Gallego ’ ”, Edgar Lledó, Orson Wells, Wells, Read Organizations: Outmanoeuvring Fighter Jets, Helicopter, YouTube, Reuters, Terra, Hollywood, Media Locations: Spanish

☆ South American countries gripped by record-breaking heat — in the middle of winter
▼ + stars: | 2023-08-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

South American countries, such as Chile and Argentina, set heat records in the middle of the southern winter due to a combination of the El Niño phenomenon and climate change. An unprecedented winter heatwave is sweeping across a large chunk of South America, with temperatures forecast to exceed 40 degrees Celsius (104 Fahrenheit) in southwestern Brazil in the coming days. Scientists say the winter heat is being fueled by the climate emergency and the El Niño phenomenon. Temperatures are typically around 15 degrees Celsius in Buenos Aires at this time of year, and have not exceeded 30 degrees Celsius in winter since 2014. The southern part of the continent has suffered the worst of the winter heat in recent days, with temperatures expected to remain at abnormally high levels in early August.

Persons: Niño, Climatologist Maximiliano Herrera, " Herrera Organizations: Twitter Locations: Santiago, Chile, Argentina, South America, Brazil, Paraguay, Buenos Aires

☆ Texas just raised the price of bottled water in prisons by 50% amid one of the state's most extreme heat waves yet
▼ + stars: | 2023-07-30 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

The Texas Department of Criminal Justice raised the price of bottled water for incarcerated people by 50%. This further limits access to water, as the tap water is often "simply filthy," one prison reform advocate told KVUE. Amid this punishing heat — which is even still milder than last year, during which at least 306 people died of heat-related illness in Texas — the Texas Department of Criminal Justice has raised the price of bottled water available in prisons by 50%, local outlet KVUE reports. Prison reform advocate Amite Dominick told KVUE that adds financial pressure on families where the breadwinner is incarcerated. The Texas Department of Criminal Justice did not immediately respond to Insider's request for comment about water quality in state prisons.

Persons: KVUE, Amite Dominick, Chivas Watson Organizations: Texas Department, Criminal, Service, Texas Tribune, The Texas Department Locations: , Texas, Texas, El Paso , Texas, McAllen , Texas

☆ Barclays says hot seas will lead to a severe hurricane season and names one stock to benefit
▼ + stars: | 2023-07-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

As oceans warm, Barclays now anticipates a worse-than-expected hurricane season — and sees one stock that could be a good investment by the shift in outlook. Despite early expectations for a mild hurricane season given the El Niño weather pattern , Barclays analyst Craig Rye said the season should now be more severe than previously anticipated in both the Atlantic and Pacific Oceans. Beyond the human and economic costs of severe hurricane seasons, however, Rye said property and casualty insurance data provider Verisk Analytics could benefit from a more severe season as a result of higher claims. VRSK YTD mountain Verisk's 2023 It's already been a strong year for Verisk stock, with shares up more than 34% since 2023 began and reaching new all-time highs twice in July. Elsewhere, Rye noted reinsurers tend to outperform in hurricane season with little impact from the actual strength of that season.

Persons: Craig Rye, Rye, Verisk's, Tracy Benguigui, It's, — CNBC's Michael Bloom Organizations: Barclays, Atlantic, Colorado State University, CSU, Cyclone Energy, Munich Re Locations: Florida, Manatee Bay , Florida, Florida , Texas, Louisiana, Rye, California, Munich, Lancashire

REUTERS/Guglielmo Mangiapane/File PhotoSummaryCompanies Breaks previous record set in July 2019, by 0.2CHeatwaves searing Europe, North America and ChinaEarth may not have been this hot in 120,000 years - studyJuly 27 (Reuters) - July 2023 is set to upend previous heat benchmarks, U.N. Secretary-general António Guterres said on Thursday after scientists said it was on track to be the world's hottest month on record. Short of a mini-Ice Age over the next days, July 2023 will shatter records across the board," Guterres said in New York. It is statistically robust," said Piers Forster, a climate scientist at Leeds University in Britain. July is traditionally the hottest month of the year, and the EU said it did not project August would surpass the record set this month. However, scientists expect 2023 or 2024 will end up as the hottest year in the record books, surpassing 2016.

Persons: Guglielmo Mangiapane, 0.2C, António Guterres, Guterres, Karsten Haustein, Michael Mann, Haustein, Piers Forster, Friederike Otto, El Nino, “, Gloria Dickie, Ali Withers, David Stanway, Mark Heinrich, Alison Williams Organizations: REUTERS, Meteorological Organization, WMO, Germany's Leipzig University, University of Pennsylvania, Southern, Leeds University, Grantham Institute, El Nino, El, Thomson Locations: Italy, Rome, Europe, North America, China, New York, Rhodes, U.S, Leipzig, Britain, U.S ., California, France, Spain, Germany, Poland, Sicily, Florida, Australia, South Korea, Japan, India, Pakistan, London, Pacific, EU, London , Ontario, Copenhagen, Singapore

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