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☆ 2 things millennials tend to spend way too much money on, according to financial planners
▼ + stars: | 2024-09-13 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

Financial planners say millennials have a few not-so-great spending habits. According to financial planners, there are two things millennials overspend on way too often. AdvertisementFinancial planners say it's OK to spend your money on these things, but it becomes a problem when it doesn't fit into your budget or you're not meeting your financial goals. "I think most people, not just millennials, don't really have a budget and don't know how much they spend. This will help you figure out your discretionary spending budget once you've covered your priorities.

Persons: —, they've, Clari Nolet, Hewins, millennials, Nolet, doesn't, Asad Gourani, you've, lattes, Gourani Organizations: Service, AG Wealth Management

☆ A man who retired at 36 built 3 passive-income streams to ditch his full-time job decades early
▼ + stars: | 2024-09-13 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

He took his earnings and invested them in ways that would continue to generate passive income. His main source of passive income is real-estate investmentsIn 2020, Quan earned $59,000 from investing in real estate, making up 78% of his passive income. "My general approach to ETFs is that I want a mix of growth and dividend ETFs so that I have a balanced approach within the portfolio. It's really about being balanced, because the markets grow in different ways," Quan said. In 2020, his online passive income streams generated about $10,000.

Persons: —, Michael Quan, Quan Organizations: Service, Business Locations: Nevada, Airbnb, Venice , California, San Antonio

☆ China raising its retirement age may be unpopular but it's much needed, analysts say
▼ + stars: | 2024-09-13 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

Economists have long called for an overhaul of the nation's retirement age laws, currently among the world's lowest, which was set in an era of lower life expectancies. Raising the retirement age would help ease local governments' pension pool cash crunch, Sheana Yue, an economist from Oxford Economics said. Still, "more needs to be done to improve retirement adequacy," Maybank's Tay said, while stating that China needs a stronger pension plan and diversified investment avenues to ensure sustainable retirement savings. China's Ministry of Human Resources and Social Security has added a few tools for citizens to check their indicated retirement age on its website and mobile app. China may roll out "another round of delay in the late 2030s, especially if China's pension fund balance is tight," Xu cautioned.

Persons: Erica Tay, Tay, Bruce Pang, Tianchen Xu, Xu, Yue, Maybank's Tay Organizations: Getty, Maybank Investment Banking Group, CNBC, Economist Intelligence Unit, Oxford Economics, Academy of Social Sciences, China's Ministry of Human Resources, Social Security Locations: Fuyang, China, JLL, Beijing

(This is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter. A biotech stock and an energy company were among the names being talked about by analysts on Friday. — Sean Conlon 6:19 a.m.: Pivotal says buy TKO Group A competitive media landscape could mean gains for TKO Group , according to Pivotal Research Group. TKO Group shares are up nearly 41% year to date. TKO YTD mountain TKO in 2024 — Sean Conlon 5:49 a.m.: JPMorgan downgrades Moderna to underweight JPMorgan sees a rocky road ahead for Moderna .

Persons: Raymond James, Srini Pajjuri, — Sean Conlon, Jeffrey Wlodarczak, Jessica Fye, Fye, it's, Ameet, Thakkar, he's, Fred Imbert Organizations: CNBC, JPMorgan, Moderna, BMO Capital Markets, GE Vernova, ARM, Research, JPMorgan downgrades Moderna, Food and Drug Administration, BMO, GE, General, Gas Power, General Electric Locations: Thursday's

☆ Investors are ignoring 2 big risks to markets, says CIO, naming stocks that are bond 'substitutes'
▼ + stars: | 2024-09-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Investors are ignoring two major risks to the market, according to Vahan Janjigian, chief investment officer at Greenwich Wealth Management. Geopolitical tensions and weak oil prices are the second risk, Janjigian said. He has been "surprised" that the Russia-Ukraine war, the Israel-Hamas conflict and weak oil prices haven't elicited a bigger reaction from the market. The International Energy Agency said in its recently monthly reports that global oil demand has been decelerating , adding that oil consumption in China — long the "engine of global oil demand growth" — contracted in April and May this year. In June, it added that Chinese oil demand contracted for a third consecutive month , driven by a slump in industrial activity.

Persons: Vahan Janjigian, CNBC's, Janjigian, —, Pfizer —, he's Organizations: Greenwich Wealth Management, U.S, International Energy Agency, IEA, IBM, Verizon, Pfizer, FactSet, Nvidia Locations: U.S, United States, U.S . Federal, Russia, Ukraine, Israel, China

☆ Pope Francis, in Singapore, urges fair wages for migrant workers
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

SINGAPORE — Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers. “These workers contribute a great deal to society and should be guaranteed a fair wage,” he said. Many of the migrant workers come from nearby countries such as Malaysia, China, Bangladesh and India. A Singapore NGO that provides services for migrant workers, Humanitarian Organisation for Migration Economics, welcomed the pope’s remarks, saying they were in “full agreement” with his call for fair wages. The Vatican said Francis’ Mass drew some 50,000 people to Singapore’s national sports stadium.

Persons: Pope Francis, ”, Francis, Francis ’, Tharman Shanmugaratnam, Lawrence Wong, Tiziana Fabi, Getty Images Francis, Singapore’s, John Paul II, Singapore, ” Francis, Taylor Swift, Connie Rodriguez, “, Cardinal Stephen Chow Sau Organizations: Singapore NGO, Organisation, Migration Economics, Tiziana, Getty Images, Getty, Catholic Locations: SINGAPORE, Singapore, Southeast Asia, Oceania, Malaysia, China, Bangladesh, India, Philippines, Papua New Guinea, AFP, Hong Kong, Indonesia, East Timor, Rome

☆ Students and startups are building the next generation of space exploration technology
▼ + stars: | 2024-09-12 | by ( Amy Gunia | Woojin Lee | ) edition.cnn.com time to read: +2 min

Editor’s Note: Tech for Good is a series that highlights young innovators developing technology to improve our world. Cast your vote below to help us decide what projects to feature in a special episode of the show, airing in November. Today, private companies dominate space launches and tourism, but entrepreneurs across the world are working on technology to make space exploration cheaper, more sustainable, and more efficient. On campuses and in classrooms everywhere, students are working on ideas that could seed a new generation of startups. Innovation like this could be crucial to continue the revolution that’s gripped the space industry in recent decades.

Persons: Phil McAlister, McAlister, “, “ They’re, ” Organizations: Hong Kong CNN, SpaceX, Companies, CNN, Tech, ETH Zurich, Polytechnique Locations: Hong Kong, Switzerland, Japan, Canada

☆ Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy
▼ + stars: | 2024-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The meeting, which hasn’t been previously reported, is the first time senior White House officials will sit down with tech company leadership to discuss how to quench AI’s insatiable thirst for energy. The source said the White House expects to detail how the public and private sector can work together to maintain US leadership in AI in a sustainable way. AI is expected to spark a 160% surge in power demand from data centers by 2030, according to Goldman Sachs. Exowatt just launched a new system that can generate and store clean energy to AI data centers. Other US officials expected to attend Thursday’s AI power meeting include White House Chief of Staff Jeff Zients, National Economic Adviser Lael Brainard, National Security Adviser Jake Sullivan and top climate officials Ali Zaidi and John Podesta.

Persons: Sam Altman, Ruth Porat, Dario Amodei, hasn’t, Jennifer Granholm, Gina Raimondo, Harris, Joe Biden, Kamala Harris, Biden, Goldman Sachs, Altman, ”, ” Altman, “, Robyn Patterson, Jeff Zients, Lael Brainard, Jake Sullivan, Ali Zaidi, John Podesta, Oprah Winfrey, Bill Gates Organizations: CNN, White, Google, White House, Wall, . Energy, Biden, Microsoft, International Energy Agency, Washington Post, United, “, National Economic, National, ABC Locations: America, Washington, United States, Exowatt

☆ Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
▼ + stars: | 2024-09-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft on Thursday said that it is cutting 650 roles at its Xbox gaming division, in the latest major round of layoffs to hit the video game industry. It marks the third series of redundancies in Microsoft's video game unit since the company's blockbuster acquisition of Activision Blizzard, the publisher behind the Call of Duty franchise, for $69 billion in cash. In a memo obtained by CNBC, Phil Spencer, CEO of Microsoft Gaming, told employees that the firm had taken this "difficult" decision to align its post-acquisition team structure and "organize our business for long term success." Bethesda publishes major gaming titles, such as the Fallout and The Elder Scrolls series. Major gaming studios have cut thousands of jobs around the world, beginning in 2023 and continuing into 2024.

Persons: Phil Spencer, Patrick T, Spencer, Japan's, Playtika Organizations: Microsoft, Fallon, Bloomberg, Getty, Activision Blizzard, Duty, CNBC, Microsoft Gaming, Xbox, Activision, ZeniMax Media, Bethesda Softworks, Bethesda, Japan's Sony, PlayStation, Gaming Locations: Los Angeles, U.S

☆ Straits Trading's Chew Gek Khim on building a real estate powerhouse
▼ + stars: | 2024-09-12 | by ( Christine Tan | ) www.cnbc.com time to read: +1 min

Chew Gek Khim has been running Straits Trading since 2008, after her family's investment company, Tecity Group, took control following a highly public bidding war. Since then, she's taken the tin legacy smelting business founded in 1887, and transformed it to focus more on becoming a major player in real estate and hospitality. It sits across the water from the popular tourist destination, Penang Island. "I'm optimistic it's a game changer for Penang because this whole area, which was at one time looked at as the poorer cousin of Penang Island, is now coming up," Chew said. Learn more about Chew Gek Khim's leadership style, and how she used it to transform one of Singapore's oldest companies into a real estate powerhouse in the video above.

Persons: Chew, Khim, she's, Christine Tan Organizations: Tecity, CNBC's, UNESCO, Gek Locations: Asia, Straits City, Malaysian, Penang

☆ Megabus, Coach USA Bankruptcy: Wall Street Wrecked Discount Bus Option
▼ + stars: | 2024-09-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.

Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus

☆ Ron Insana: Even as inflation cools, markets show that risks to the soft landing are rising
▼ + stars: | 2024-09-11 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

What people say about growth and inflation doesn't matter much anymore – even as the latest consumer inflation report shows a cooling trend. That means a notable drop in both wholesale and consumer prices is coming down the road. Now, it appears that the U.S. is slipping behind the rest of the world, turning its policy actions toward growth risks rather than inflation risks. It's also important to remind Fed policymakers that there is ample evidence of slower consumer spending among middle-to-lower income families. Further, recent revisions to job growth in the 12-month period through March 2024 confirm that a soft landing is at risk.

Persons: Stocks, that's, We're, It's, Ron Insana Organizations: Treasury, U.S ., CNBC Locations: China, U.S

☆ What is ‘founder mode?’ The meaning behind the latest Silicon Valley buzzword
▼ + stars: | 2024-09-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The battle over “founder mode” versus “manager mode” is one of those manufactured dramas that only a small segment of the world cares about — like going to Davos or Cannes or the Vanity Fair Oscar Party. The idea is that a founder knows their company the way a parent knows their child. Graham doesn’t really define founder mode because every founder and every firm is different. I’ll offer another: Ray Dalio, the founder of Bridgewater, one of the world’s biggest hedge funds. The most successful “founder mode” guys (they’re almost all male, as far as I can tell) seemed to always have a trusted manager by their side.

Persons: CNN Business ’, Paul Graham, Graham, ” Graham, Brian Chesky, Chesky, Steve Jobs, It’s, Graham doesn’t, Jobs, Jeff Bezos, Elon Musk, Nvidia’s Jensen Huang, Ray Dalio, narc, Rob Copeland, ”, Rich Hagberg, Ashley Herd, Jessica Lessin, “, Tim Cook Organizations: CNN Business, New York CNN, Bridgewater, New York Times, LinkedIn Locations: New York, Davos, Cannes, Silicon Valley

CNN —Pressure is building on President Joe Biden, including from within his own party, to loosen the restrictions on Ukraine’s use of US-provided weapons to strike deep inside Russia. On Tuesday, the bipartisan congressional Ukraine caucus called on Biden to allow Ukraine to strike targets inside Russia with the long-range weapons. A group of key House Republican also urged Biden to ease the restrictions in a letter on Monday. On Tuesday, asked if the US will lift the restrictions, Biden answered, “we’re working that out right now.”Two US officials later told CNN that the Biden administration is not anticipating any policy changes when it comes to lifting restrictions. Asked about Trump’s comments, Sybiha, the Ukrainian foreign minister, also downplayed them.

Persons: Joe Biden, Democratic Sen, Jeanne Shaheen, Biden, Ben Cardin, Vladimir Putin’s, ”, Cardin, Antony Blinken, Volodymyr Zelensky, David Lammy, Leon Neal, Zelensky, Blinken, “, we’ll, ” Blinken, Andrii Sybiha, it’s, We’ve, Putin, Donald Trump, we’re Organizations: CNN, Democratic, Wednesday, Biden Administration, Ukrainian Armed Forces, New Hampshire Democrat, Foreign Relations, Committee, Armed Services Committee, Republicans, ” Democratic, Maryland Democrat, British, Getty, Kyiv Wednesday, Ukrainian, Biden, Republican, Ukraine Locations: Russia, Ukraine, ”, U.S, United States, Maryland, Kyiv, Ukrainian, Eastern Poland, Iranian, Iran, Washington, American, United States of America

☆ Preparing for the apocalypse: Why collaboration is essential
▼ + stars: | 2024-09-11 | by ( Jessica Dulong | ) edition.cnn.com time to read: +11 min

"A Field Guide to the Apocalypse" notes that humans usually step in and help one another when a disaster strikes. Athena Aktipis: The ancient Greek definition is “a revealing,” so an apocalypse is any event that reveals the risks we’re facing. CNN: What role have apocalypses throughout history played in what you call humans’ “apocalypse resistance”? All those things help us get through, as they have throughout our evolution. Chalking this up as part of apocalypse prep can be a great way to carve out more time.

Persons: you’ll, Workman, Athena Aktipis, ”, Aktipis, We’re, Lindsay Mills, we’ve, you’re, It’s, we’ll, Jessica DuLong Organizations: CNN —, World Trade, Times, Arizona State University, CNN, Lindsay Mills CNN, paragon Locations: Lower Manhattan, Manhattan, Arizona, New Mexico, Brooklyn , New York

☆ Solasta Bio, a Scottish startup replacing insecticides with greener alternatives, raised $14 million with this pitch deck
▼ + stars: | 2024-09-11 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Solasta Bio, an agriculture tech startup, raised $14 million in Series A funding. Solasta specializes in green insecticides, using peptides for sustainable crop protection. AdvertisementSolasta Bio, an agriculture tech startup based in Glasgow, has raised $14 million in Series A funding. Founded by former professors, Solasta specializes in green insecticides for managing crop damage. Based on years of research, Solasta wants to tackle the four main insect groups that harm crops globally, especially fruit and vegetables.

Persons: Solasta, — Organizations: Service, Business Locations: Glasgow

The rate of weight loss with the experimental pill, called amycretin, appears to be more rapid than what’s seen for other drugs. “It’s roughly double the weight loss rate seen with current GLP-1 agonists and approaching procedural or surgical-level outcomes,” said Dr. Christopher McGowan, a gastroenterologist who runs a weight loss clinic in North Carolina. McGowan said that while the weight loss was significant, he still has concerns about how fast people lost weight. “While losing weight is seemingly the end goal, how that weight is lost matters,” he said. Spratt said she would like to know how much of the weight loss came from fat compared with muscle.

Persons: “, ”, Christopher McGowan, ” Dr, Susan Spratt, Spratt, haven’t, Martin Lange, Lange, McGowan, ” McGowan Organizations: Novo Nordisk, European Association for, Diabetes, Population Health Management, Duke Health Locations: Novo, Spain, North Carolina, semaglutide, Wegovy, It’s

New Hampshire voters will head to the polls Tuesday for a primary that will set up the matchup for one of just two governor’s races in presidential battleground states this year. In addition to North Carolina, New Hampshire is the only other swing state to hold a race for governor this election cycle. “I think that helps people in New Hampshire realize that Kelly Ayotte is a New Hampshire Republican, not a straight party loyalist,” Williams said. In New Hampshire, abortion is banned after fetal viability, or around the 24th week of pregnancy. “We’ve seen in the last few years that governors and state leadership sort of make or break it when it comes to protecting abortion rights,” Levy said.

Persons: Sen, Kelly Ayotte, Chuck Morse, Chris Sununu, Joyce Craig, Cinde Warmington, Amy Walter, Cook, Kamala Harris, Ayotte, Morse, Donald Trump, Trump, didn’t, hasn’t, Chuck Morse’s, he’s, Kelly, ”, Fergus Cullen, Cullen, Trumper, Sununu, Hillary Clinton, Joe Biden, “ She’s, Ryan Williams, “, ” Williams, “ Kelly, she’s, Maya Harvey, Chuck, ” Harvey, Craig, Jon Kiper, Warmington, Joyce Craig’s, Philip Stein, Kelly Ayotte’s, Joyce Craig's, ” Craig, Craig Brown, Craig “, “ It’s, Williams, They’ve, nodded, Neil Gorsuch, Gorsuch, Roe, Wade, Izzi Levy, “ We’ve, ” Levy, Dobbs, we’ve, Jason Osborne Organizations: New, Republican, GOP Gov, Democrats, Manchester, Hampshire, White, Democratic, GOP, New Hampshire Republicans, ” New, Republican Party, New Hampshire Republican, Purdue Pharma, Ayotte, Republicans, Hampshire Democrats, Trump, Democratic Governors Association Locations: New Hampshire, state’s, North Carolina , New Hampshire, Trump, Dover, ” New Hampshire, Manchester, Hampshire, New England, “ New Hampshire

☆ Chocolate, but without the guilt? Why lab-grown cocoa and fermented fava beans could be the future
▼ + stars: | 2024-09-10 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

One way to tackle these problems is to make chocolate without using cocoa beans — the fermented seed of the cacao tree. It also makes cocoa powder and cocoa butter substitutes. “Instead of cocoa beans, we use fava beans sourced from farms across the UK and Europe, and then we ferment them in a similar way that cocoa farmers ferment their cocoa beans,” said Ross Newton, CEO of Nukoko, a UK-based startup that aims to launch on its domestic market next year. A study published this year shows it’s possible to make chocolate using only the cocoa pod, by replacing traditional sugar with a cocoa gel. “You make chocolate using only components from the fruit and not conventional crystallized sugar from sugar beets.

Persons: we’ve, ”, Max Marquart, shea, We’re, ” Marquart, Sara, Ross Newton, Newton, Michal Beressi Golomb, we’re, “ We’ve, “ That’s, Beressi Golomb, “ We’re, Beressi, “, “ We’d, Kim Mishra, ” Mishra Organizations: CNN, Planet, Department of Health Sciences, Technology, Swiss Institute of Technology Locations: West Africa, Ghana, Ivory Coast, Africa, Brazil, Swiss, Germany, Czech Republic, Europe, Zurich

☆ NFL Power Rankings Week 2: Let’s overreact! Chargers, Bucs up; Bengals, Falcons down
▼ + stars: | 2024-09-10 | by ( Josh Kendall | ) www.nytimes.com time to read: +23 min

Baltimore Ravens (0-1)Last week: 3Thursday: Lost to Kansas City Chiefs 27-20Lamar Jackson can’t keep this up. New York Jets (0-1)Last week: 13Monday: Lost to San Francisco 49ers 32-19Let’s focus on the positive: Aaron Rodgers made it through Week 1 perfectly healthy. Cincinnati Bengals (0-1)Last week: 9Sunday: Lost to New England Patriots 16-10Ja’Marr Chase didn’t have a great negotiating week. Atlanta Falcons (0-1)Last week: 15Sunday: Lost to Pittsburgh Steelers 18-10The Falcons spent big on free-agent quarterback Kirk Cousins in the offseason. Cleveland Browns (0-1)Last week: 11Sunday: Lost to Dallas Cowboys 33-17Let’s review the Deshaun Watson situation.

Persons: we’re, Dallas, we’ll, Xavier Worthy, Rashee Rice, Travis Kelce, Xavier, Christian McCaffrey, Heck, Kyle Shanahan, Jordan Mason, McCaffrey, Mason, Brandon Aiyuk, Francisco, Josh Allen, He’s, Steve Young, Keon Coleman, Terrel Bernard, Matt Milano, Joe Mixon, “, ”, Stefon Diggs, Nico Collins, Dan Campbell’s, Jared Goff, David Montgomery, Jameson Williams, Saquon Barkley, Jalen, Jason Kelce, Dak Prescott, Prescott, Tua Tagovailoa, opkRevcnUI, Justin Herbert, Dobbins, Jim Harbaugh, Harbaugh, Baker Mayfield, Mayfield, Baker, Wsb0UiW5hR — Chase Daniel, Derek Carr, Alvin Kamara, Mike Macdonald’s, Kenneth Walker’s, Tariq Woolen, Devon Witherspoon, Macdonald, Mike Macdonald's, Mike Tomlin, Chris Boswell, Justin Fields, Russell Wilson, Kirk Cousins, J.J . McCarthy, Sam Darnold, Darnold, Aaron Jones, Dallas Turner, Keion White, Rhamondre Stevenson, Jacoby Brissett, Drake Maye, Brissett, Bill Belichick, Caleb Williams, D’Andre Swift, Rome Odunze, Greenberg, Lamar Jackson can’t, Jackson, Patrick Mahomes, Derrick Henry, Henry, Anthony Richardson, Alec Pierce, Puka, Matthew Stafford, Cooper Kupp, Kupp, Stafford, Aaron Rodgers, Allen Lazard, Malik Willis, Love, Trevor Lawrence’s, Gabe Davis, Brian Thomas Jr, Marvin Harrison Jr, Maxx Crosby, Christian Wilkins, Antonio Pierce, Chase didn’t, Chase, Tee Higgins, Joe Burrow’s, Will Levis, Levis, Tony Pollard’s, Bo Nix, Joe Nicholson, Sean Payton, Sean McVay, Cousins, Jayden Daniels, Daniels, Tom Brady, Daniel Jones, Barkley, Jones, Malik Nabers, KrhmYcX77S — Alex Wilson, Bryce Young’s, “ We’ve, Dave Canales, Adam Thielen’s, Watson, it’s, Khalil Shakir, Dalton Kincaid, Bryan M, Bennett Organizations: Bears, Texans, NFL, Cleveland Browns, Baltimore Ravens, Chiefs, Super, Bengals, Beat New York Jets, 49ers, Niners, Minnesota Vikings, Beat Arizona Cardinals, Nine Bills, Miami Dolphins, Beat Indianapolis, Cincinnati Bengals, Chicago Bears, Los Angeles Rams, Lions, Tampa Bay Buccaneers, Rams, Green Bay Packers, New York Giants, Former Giants, Atlanta Falcons, Dallas Cowboys, Beat Cleveland Browns, Cowboys, Cleveland, New, New Orleans Saints, Beat Jacksonville Jaguars, Dolphins, Buffalo Bills, Las Vegas Raiders, Ravens, Carolina Panthers, Browns, Panthers, NFC, Detroit Lions, Beat Carolina Panthers, New Orleans, Saints, Beat Denver Broncos, Seattle, New England Patriots, Seahawks, Beat Atlanta Falcons, Steelers, Denver Broncos, Beat New York Giants, Vikings, Atlanta, Eight Vikings, Minnesota, San Francisco 49ers, Beat Cincinnati Bengals, Seattle Seahawks, Beat Tennessee Titans, Houston Texans, Kansas City Chiefs, Indianapolis Colts, Colts, Detroit, Arizona Cardinals, New York Jets, Tennessee Titans, Philadelphia Eagles, Packers, Jacksonville Jaguars, Jacksonville, 33rd Team, Jaguars, Dallas, Los Angeles Chargers, The Raiders, Chargers, Chicago, ET Broncos, Broncos, Pittsburgh Steelers, Falcons, Washington, Fox, Eagles, Carolina Locations: Dallas, Houston, South America, New Orleans, J.K, Tampa Bay, Carolina, England, Baltimore, Jordan, Brazil, Dak, Arizona, Cincinnati, That’s, Tennessee, Seattle, USA, Denver

☆ Clean energy sector looks to create even more jobs after the election — regardless of who wins
▼ + stars: | 2024-09-10 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +5 min

While job growth in the sector faces uncertainty after the election, industry watchers say the future of energy production and consumption is always changing. The IRA is projected to generate more than 300,000 jobs annually for new energy project construction and about 100,000 permanent jobs each year, according to EESI. The rate was more than double the growth for the rest of the energy sector and the overall U.S. economy, according to the newly released 2024 U.S. Energy and Employment Report. Recent data from the Department of Energy showed clean energy employment increased by 142,000 jobs last year, accounting for more than half of new energy sector jobs. One sector that faces particular uncertainty after the election is clean energy, which has received a boost from the Biden administration but faced skepticism from Trump.

Persons: — it's, it's, Daniel Bresette, there's, Biden, Kamala Harris, Donald Trump, Nicole Bulgarino, Caroline Leilani Stevenson, Stevenson, Harris, Trump, Joe Biden Organizations: Energy, Environmental, Energy Study Institute, . Energy, Science, Department of Energy, Trump, Ameresco, Department of Defense, Green, Deal, CNN, White, Green New, Economic, of New Locations: U.S, Europe, Ameresco, Honolulu, Maui, New York, of New York

☆ No signs of slowing down for sports betting, industry leaders say
▼ + stars: | 2024-09-10 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +3 min

Sports betting is continuing its integration into modern sports culture, and industry leaders do not expect the growth to slow down any time soon. As much tailwind as sports betting companies have received from growing legalization and popularity across the country, taxes and ethical concerns have presented difficulties. Several states have a 51% tax on sports betting companies, and Illinois recently approved a tax increase on sports betting revenue. Sports betting has also garnered negative headlines in recent months as professional sports leagues have struggled to effectively stop players from violating betting and gambling rules. The speakers also addressed widespread concerns about whether the nature of sports betting companies' business models discourages them from providing proper guardrails to stop gambling problems.

Persons: Wrigley, Michael Rubin, Matt King, CNBC's Contessa Brewer, Marie Donoghue, DraftKings, Jontay Porter, that's, Christian Genetski Organizations: Chicago Cubs, Philadelphia Phillies, Sports, FanDuel, CNBC, PointsBet's U.S, NBA Locations: Illinois

☆ A Porsche-backed startup is building a massive battery recycling plant to boost Europe's EV industry
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.nbcnews.com time to read: +3 min

A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their life. Cylib says its facility will be the largest end-to-end lithium-ion battery recycling facility in Europe. Cylib said the new plant would primarily serve automotive, battery manufacturing and chemicals clients. “Cylib reaching industrial scale production will be a key driver in building a robust European battery infrastructure,” Schwich said in a press statement. “Battery recycling is pioneering the circular economy, proving that economic success is compatible with reduced environmental impact,” she added.

Persons: Cylib, Lilian Schwich, Gideon Schwich, Paul Sabarny, “, ” Schwich Organizations: Cylib, EV, Porsche, Bosch, Hydro, CNBC, European Union, World Fund, Porsche Ventures, Climate Fonds Locations: Germany, Dormagen, North Rhine, Westphalia, Europe, Norway, Hydrovolt, Chempark

☆ ‘Perfect waves and no crowds:’ Angola could be the surfing world’s best-kept secret
▼ + stars: | 2024-09-09 | by ( Claudia Elorza | ) edition.cnn.com time to read: +7 min

Their business is dedicated to promoting Angola as a surf destination while supporting local communities and sustainable development in the surf tourism industry. But it’s the prevailing winds, which bring long waves and easy surf, that make it a surfing paradise. It’s known locally as “Praia do Surfistas,” or Surfers’ Beach. The Angola Waves team provides them with cooked meals to keep energy levels up for huge ocean sessions. “I will miss surfing these perfect waves with no crowds!”

Persons: Bizuka Barros, Golan, Barros, Henrique Almeida, ”, Paulo Agusto, “, Gillas Cros, Paulo Rodrigues, It’s, Tchyina Matos, Matos, Cabo Ledo, ” Agusto, Ledo, Sergio Torres, Cecilia Organizations: CNN, Reuters, Praia, Radical Association, Angola, NASA Locations: Hawaii, Portugal, California, Australia, Angola, Portuguese, Israel, Luanda, Cabo Ledo, wilder, Catanas, Tomuba

☆ All the data is pointing to a soft landing in the US economy, top economist says
▼ + stars: | 2024-09-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The US economy is not facing a recession, says Apollo chief economist Torsten Sløk. Sløk cites strong employment data, wage growth, and consumer spending as key indicators. AdvertisementThe US economy is cruising toward a soft landing with no recession on the table, according to Apollo chief economist Torsten Sløk. "Daily data for debit card transactions shows that consumer spending has been accelerating in recent weeks," Sløk said. That's not something you see right before a recession hits the economy, according to Sløk.

Persons: Torsten Sløk, Sløk, — Organizations: Service, Sløk, Atlanta

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