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To some people, electric vehicles are a better option because they can serve multiple functions. Another big advantage: The battery in an F-150 Lightning or the electric Chevrolet Silverado pickup, which is expected to go on sale this year, can store a lot more energy than home batteries that are sometimes installed with rooftop solar panels. Pair an electric truck with a home solar system, the thinking goes, and a family could keep the lights on for days or even weeks. The use of electric vehicles as a source of power has intrigued electric utility executives, including Pedro Pizarro, who heads the board of the Edison Electric Institute, the industry’s main trade organization, and is the chief executive of Edison International, which provides power to millions of homes and businesses in Southern California. Mr. Pizarro’s company and other utilities are testing whether it is practical and safe to send power from electric vehicles to the grid.
Persons: Pedro Pizarro Organizations: Chevrolet Silverado, Edison Electric Institute, Edison International Locations: Southern California
A Venture Global LNG spokesperson did not comment on the Shell and BP claims. Shell and BP missed out on billions of dollars in sales that went to Venture Global LNG because they were unable to get their contracted fuel, one of the people familiar with the arbitration filings said. Another Venture Global LNG contract customer, Spanish energy firm Repsol SA (REP.MC), has asked U.S. regulators to release confidential records that would shed light on the plant's startup. Founded by a former energy lawyer and investment banker, Venture Global LNG has emerged as a market force with its ability to obtain financing and rapidly build export plants. The contracts were tied to Calcasieu Pass LNG, the first of Venture Global LNG's three planned facilities.
Persons: Costas Baltas, Ira Joseph, Marwa Rashad, Curtis Williams, Scott DiSavino, Gary McWilliams, David Gregorio Our Organizations: REUTERS, Top, Shell, BP, U.S, Venture Global LNG, Venture Global, London Court, International, Edison SpA, Repsol SA, Columbia University's Center, Global Energy, Thomson Locations: Bermuda, Revithoussa, Greece, Europe, Calcasieu, London, Houston
A total of 210 tons of drugs seized in a single year, a record. And all this chaos financed by powerful outsiders with deep pockets and lots of experience in the global drug business. Ecuador, on South America’s western edge, has in just a few years become the drug trade’s gold rush state, with major cartels from as far as Mexico and Albania joining forces with prison and street gangs, unleashing a wave of violence unlike anything in the country’s recent history. Fueling this turmoil is the world’s growing demand for cocaine. “People consume abroad,” said Maj. Edison Núñez, an intelligence official with the Ecuadorean national police, “but they don’t understand the consequences that take place here.”
Persons: , Edison Núñez Organizations: Prisons Locations: Ecuador, South, Mexico, Albania
Courtesy CoteArgentinian maestro Mauro Colagreco was the first ever non-French chef to earn three Michelin stars in France, at Mirazur on the famed French Riviera. Gastronomic restaurant Plénitude by chef Arnaud Donckele marked an extraordinary debut by being awarded the pinnacle of three Michelin stars just six months after opening. Since 2021, they have held three Michelin stars for their cuisine, which celebrates peerless produce from their sustainable farm just seven miles away. Lung King Heen, Four Seasons Hong KongLung King Heen was the first Chinese restaurant to hold three Michelin stars. Capella Hotels & ResortsFinally to Vietnam, where Michelin published its first ever guide in June 2023.
Persons: Winston Churchill, Albert Einstein, it’s, Heiko Nieder, carne ”, Ben Benoliel, Alex Nietosvuori, Ally Thompson, Hjem, morel, Cigliutti Enrico Crippa, Piazza, Crippa, Ferran Adrià, Mauro Colagreco, Côte, Raymond Blanc, Paul Wilkinson Chef Raymond Blanc, Lady Gaga, Queen Elizabeth II, , ” Blanc, Luke Selby, Plénitude, Cheval Blanc, France Plénitude, Sylvie Becquet, Blanc Paris, chef Arnaud Donckele, Chopin, Maxime Frédéric –, Aled Williams, Gareth Ward, Il Ristorante Niko Romito, Ristorante Niko Romito, Niko Romito, Romito, Giacomo Amicucci, Kyle, Katina, Michel Bras, Le Saint, Martin, Château Saint, France Le Saint, Chef Jean, Luc Lefrançois, Saint, , sommelier Vincent Arhuro, King Heen, Hong Kong Lung King Heen, Heen, who’s, Chan Yan Tak, Rome Cavalieri, Pergola, Heinz Beck, Hatta, Ushikubo, Raby Hunt, Raby Hunt's Michelin, James Close, Maria, Chef Maria, Lorenz Adlon Esszimmer, Germany Lorenz Adlon Esszimmer, Lorenz, Young, Reto, Thomas Edison, Henry Ford, John D, Waku, Ghin, Tetsuya Wakuda, There’s, Tetsuya, they’re, kinome, It’s, Denmark There's, Jean Marchal, Maria Coppy, Jakob de Neergaard, iberico, Sven Wassmer, , Lumnezia, Douglas, Koki, Hiroshi Yamaguchi, Bill Bensley, Chris Dwyer Organizations: CNN, Michelin, Duomo, Capella, Rosewood, of, Notre Dame, Resorts, Dubai Michelin, Resort Dubai, Reale, peerless, , Le Saint, Hong, Hong Kong Lung, Seasons Hong, Rockefeller, Sands, Royal Suite, Royal, Swiss, Koki, Capella Hotels, Capella Hanoi Locations: Bangkok, Piedmont, Hanoi, Tokyo, Zurich, Switzerland, Northumberland, Hadrian's, Swedish, England, Wall, Piazza Duomo, Alba, Italy, Japan, Spanish, Capella Bangkok, Thailand, France, Mirazur, Thai, Rosewood Hong Kong, Hong Kong, Chaat, Oxfordshire, , Cheval Blanc Paris, of Light, City of, Powys, Wales, Bulgari, Dubai, UAE, Italy’s Abruzzo, SingleThread, California, Healdsburg, Sonoma, Toya, Le, Provence, French, Vence, Marseille, Seasons Hong Kong, Yunnan, Peking, La, Rome, Eternal, County Durham, Darlington, romaine, Berlin, Germany, Brandenburg, Young Swiss, Europe, Marina, Sands, Singapore, Australia, Shizuoka, Hokkaido, d’Angleterre, Copenhagen, Denmark, Marchal, Hibana, Capella Hanoi, Vietnam
UK equity market no longer a 'power house,' analyst says
  + stars: | 2023-07-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK equity market no longer a 'power house,' analyst saysNeil Shah, director of research at Edison Group, discusses the strength of the U.K. equity market.
Persons: Neil Shah Organizations: Edison Group
The third quarter is a key time for extreme weather events. An El Niño weather pattern is widely expected for 2023. "Following three years of La Niña, climate scientists expect 2023 to have El Niño conditions with near-100% certainty given current signals," Karp said in a note to clients last month. Insurers are also among the stocks to typically move in relation to extreme weather events. This year should be a fairly typical one for hurricanes, as El Niño is typically linked to a less severe season.
Persons: Nature, , Sophie Karp, La, Karp, El, bode, Morgan Stanley, Andrei Stadnik, Stadnik, Matthew Carletti doesn't, hasn't, Jefferies, Yaron Kinar, Brown, Arthur J, Gallagher, Aon, Niño, Generac, Aaron Jagdfeld, Bob Huang, bullish, — CNBC's Michael Bloom Organizations: National Oceanic, Atmospheric Administration, Energy, DTE Energy, WEC Energy, CNBC Pro's, WEC, Xcel Energy, Portland General Electric, Edison International, CenterPoint, Southern Company, Duke Energy, Nextera Energy, El, Insurance Australia Group, Suncorp, Arch Capital, Everest Re, Bloomberg, Arch Locations: El, Canada, U.S, Gulf, Pacific Northwest, California, Michigan, Avista, Portland, American, Mexico, CenterPoint Energy, Bermuda, Texas
Euro zone inflation falls again in June as energy prices tumble
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +3 min
FRANKFURT, June 30 (Reuters) - Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary reading showed on Friday. The data, pointing to only the smallest drop in underlying inflation, was unlikely to sway the European Central Bank, which has pencilled in a ninth consecutive rate hike for July and is eyeing one in September too. "Inflation is still high and sticky but momentum is moderating," said Frederik Ducrozet, head of macroeconomic research at Pictet Wealth Management. The euro zone unemployment rate remained at an historic low of 6.5% in May, Eurostat reported separately on Friday. Big differences remain between euro zone countries, with June headline inflation falling to as little as 1.6% in Spain and Belgium and 1.0% in Luxembourg while staying in double digits in Slovakia (11.3%) and close to them in the Baltics.
Persons: chalking, Frederik Ducrozet, Ulrike Kastens, Christine Lagarde, Neil Shah, Francesco Canepa, Catherine Evans Organizations: European Central Bank, Pictet Wealth Management, ECB, DWS . Services, Eurostat, Edison Group, Thomson Locations: FRANKFURT, Germany, Europe, Italy, Portugal, Spain, Belgium, Luxembourg, Slovakia, Baltics
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEdison International CEO: Tree trimming and rewiring are reducing catastrophic fire riskPedro Pizarro, CEO and President of Edison International, joins 'The Exchange' to discuss public utilities under pressure from Texas' heat waves, adapting the energy grid to mitigate the impacts of climate change, and the growing threat from wildfires.
Persons: Pedro Pizarro Organizations: Edison, Edison International Locations: Texas
Pew Research Center analyzed 451 top-ranked podcasts in the US. When it comes to top-ranked shows, the adoption of video is split down the middle. A new study from Pew Research Center, released on Thursday, found that just over half (51%) of the top-ranked podcasts in the US have a video component. Half of top-ranked podcasts have a video component51% of the podcasts Pew analyzed release a video version, almost always on YouTube — 97% of podcasts with a video component publish it there. Roughly half of top-ranked podcasts seek audience supportAround half of top-ranked podcasts (47%) ask their audiences to support them by offering options like subscriptions, donations, or merch.
Persons: Galen Stocking, Pew, Joe Rogan, Stocking, Emma Chamberlain, Alex Cooper Organizations: Pew Research Center, YouTube, Edison Research, Apple, Spotify Locations: Gimlet
"I told you when I ran for president, I'd have your back, and I have," Biden told the approximately 2,000 union members in attendance. [1/7] U.S. President Joe Biden turns towards a cheering crowd during a labor union event at the Pennsylvania Convention Center in Philadelphia, Pennsylvania, U.S., June 17, 2023. White working-class union voters were divided on Biden in 2020, but he now has their support, according to some union leaders. "There is not one labor leader worth their salt in Philadelphia that hasn't recognized just how much President Biden has supported men and women in labor. Union voters helped Biden win critical election battleground states including Pennsylvania, Wisconsin and Michigan in 2020.
Persons: Joe Biden, Biden, Kamala Harris, I'd, you've, Donald Trump, They're, Tom Brenner, White, Trump, Ryan Boyer, Boyer, Seth Harris, Harris, Nandita Bose, Jarrett Renshaw, James Oliphant, Will Dunham, Heather Timmons, Bill Berkrot Organizations: PHILADELPHIA, AFL, CIO, Democratic, Republican, Republicans, Center, REUTERS, Trump, Biden, boilermakers, steelworkers, Union, Labor, Edison Research, United Auto Workers, White, Northeastern University, Thomson Locations: Philadelphia, U.S, Washington, Pennsylvania, Philadelphia , Pennsylvania, Wisconsin, Michigan, United States, Boston
White working-class union voters were divided on Biden in 2020, but some union leaders say he now has their support. Some building trades unions, whose members traditionally vote Republican, did not endorse any candidate in 2020 after local leaders couldn't agree over backing Biden or Donald Trump. "There is not one labor leader worth their salt in Philadelphia that hasn't recognized just how much President Biden has supported men and women in labor. Biden won 57% of union households nationwide in 2020 compared with 40% for Trump, according to Edison Research. In December, some unions criticized Biden for signing legislation preventing a nationwide rail strike.
Persons: Joe Biden, Biden, Kamala Harris, Trump, couldn't, Donald Trump, Ryan Boyer, wasn't, Seth Harris, Harris, Nandita Bose, Jarrett Renshaw, Heather Timmons, Bill Berkrot Organizations: AFL, CIO, Biden, Republican, boilermakers, steelworkers, Union, Democratic, Trump, Edison Research, United Auto Workers, Northeastern University, White, Thomson Locations: Philadelphia, Washington, Pennsylvania, Wisconsin, Michigan, Michigan , Wisconsin, Georgia, Arizona
PodCo produces podcasts themed around Nickelodeon and Disney Channel shows from the past two decades. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Spotify and Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written to him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.
Persons: Stevens, Christy Carlson Romano, Brendan Rooney, Kim, Ned Bigby, Harper Finkle, PodCo, Rooney, Krystal Eve, Carlson Romano, Ren Stevens, Jenna Fischer, Angela Kinsey, Selena Gomez, Jennifer Stone, David DeLuise, Stone, Lee Citron, Stone —, California —, , it's, wouldn't, Alyson Stoner, Zack, Cody, Devon Werkheiser, Werkheiser, Scott Simock, PodCo's, Reed Alexander Organizations: Nickelodeon, Disney Channel, Wizards, Marine Corps, Columbia University, American Film Institute, Apple, PodCo, Edison Research, Triton, Intelligence, Disney, Paramount, Netflix, YouTube, Social, Spotify Locations: Waverly, Hollywood, NBC's, California, TikTok, Texas
Pew Research Center analyzed 451 top-ranked podcasts in the US. When it comes to top-ranked shows, the adoption of video is split down the middle. A new study from Pew Research Center, released on Thursday, found that just over half (51%) of the top-ranked podcasts in the US have a video component. Half of top-ranked podcasts have a video component51% of the podcasts Pew analyzed release a video version, almost always on YouTube — 97% of podcasts with a video component publish it there. Roughly half of top-ranked podcasts seek audience supportAround half of top-ranked podcasts (47%) ask their audiences to support them by offering options like subscriptions, donations, or merch.
Persons: Galen Stocking, Pew, Joe Rogan, Stocking, Emma Chamberlain, Alex Cooper Organizations: Pew Research Center, YouTube, Edison Research, Apple, Spotify Locations: Gimlet
The business conference will draw about 2,000 attendees from Greater China, in what will be one of the region's biggest-yet business delegation to Saudi Arabia, according to one person with direct knowledge of the matter. "From the perspective of both capital and new market, the Middle East, Saudi Arabia are really good new choices for Chinese companies and investors," said Henry Zhang, president of Hong Kong-based private equity firm Hermitage Capital. "Since late last year, a large number of Chinese funds have rushed to the Middle East looking for new investors. For the upcoming conference, Chinese entrepreneurs in attendance represent a range of industries -- from renewable energy and artificial intelligence to biotech, finance and tourism. "Previously, I had to actively pitch Chinese companies to consider Saudi Arabia as their destination of outbound investment and overseas expansion.
Persons: Xi Jinping's, Antony Blinken, Henry Zhang, Zhang, Robert Mogielnicki, Edison Gao, I've, Gao, Julie Zhu, Aziz El Yaakoubi, Sumeet Chatterjee, Michael Perry Organizations: China Business Conference, Hermitage Capital, Gulf States Institute, Ajlan, Brothers, Thomson Locations: HONG KONG, RIYADH, Riyadh, Saudi Arabia, Arab, Gulf, Beijing, Washington, U.S, Greater China, East, Hong Kong, Hermitage, China, Saudi, Rachna, Dubai
Markets are in the eye of the storm right now: Edison Group
  + stars: | 2023-06-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets are in the eye of the storm right now: Edison GroupNeil Shah, director of content and strategy at Edison Group, says "this unusual period of low volatility is not a window of what is to come" and weighs in on the outlook for stocks.
Persons: Neil Shah Organizations: Edison, Edison Group
Italian electric utility company, Edison SpA (EDNn.MI), in May brought an arbitration proceeding against Venture Global over its failure to supply cargoes, Edison's spokeswoman said. Venture Global described the complex at the time of its first cargo shipment last year as holding "the global record for the fastest large-scale greenfield LNG facility to ever be built." Edison and Repsol signed purchase contracts with Venture Global in 2017 and 2018, respectively. That volume irked contract customers who believe Venture Global took advantage of high spot LNG prices at their expense. In its reply to DOE, Venture Global chastised Repsol as an "impatient" customer.
Persons: Shaylyn Hynes, Hynes, Repsol, Portugal's, Edison, Venture Global's Hynes, Curtis Williams, Gary McWilliams, Paul Simao Organizations: HOUSTON, Venture Global LNG, U.S, LNG, Edison SpA, Venture Global, Repsol SA, U.S . Department of Energy, DOE, Venture, Reuters, Edison, Shell, Federal Energy Regulatory Commission, General Electric Co, Thomson Locations: Calcasieu, Spanish, Arlington , Virginia, Cameron Parish , Louisiana, Europe, Russia, Ukraine
With electric vehicle adoption accelerating, so too is the need servicing public charging stations. Unlike fixing an old gas pump, some companies are using technology to both service and learn from the stations, to improve EV charging technology. More than one-quarter of public EV charging stations were found to be nonfunctioning, according to a survey done in California by researchers at the University of California, Berkeley, and Cool the Earth, an area nonprofit. barely three years ago and says the company is now servicing EV charging stations across 17 states. That data set can be helpful to network providers, EV and charging station manufacturers, plus governments, according to Terry.
Persons: Terry, ChargerHelp, it's, Vaughn Blake, Lisa Rizzolo Organizations: EV, University of California, Smart, Central, Duke Energy, Southern, Southern California Edison, Blue Bear, Energy Impact Partners, JFF Ventures, Exelon Foundation, Autodesk Foundation, CNBC Locations: California, Berkeley, Central Los Angeles, Southern California
The next 30 minutes of DeSantis’ speech then demonstrated how Biden might survive despite all the doubts about his performance and capabilities. In that way, DeSantis’ first swing through Iowa showed why Republicans are still at risk in 2024 from a key dynamic that dashed their hopes of a sweeping “red wave” in 2022. Many strategists in both parties believe that dynamic is most likely to recur in 2024 if the GOP nominates Trump. One reason, Republicans argue, is that the eventual nominee likely will talk about these issues less in a general election. Beset by all the difficult domestic conditions DeSantis highlighted, Biden will likely struggle straight through November 2024 to affirmatively convince a majority that his performance deserves another term.
Persons: Ron DeSantis, Joe Biden, Biden, DeSantis, Donald Trump, , Sarah Longwell, MAGA Trump, , Trump, Chris Wilson, Republican pollster, Jesse Ferguson, SRSS, “ Biden, Ronald Reagan, Bill Clinton, George W . Bush, “ DeSantis, Ferguson, don’t, , David Kochel, Kochel, can’t, Mitt Romney, Hillary Clinton’s, suburbanites, Nick Gourevitch, DeSantis ’, dethroning Trump, Sen, Bernie Sanders, Biden “ Organizations: CNN, Florida Gov, Biden’s, Republicans, GOP, Trump, Republican, Longwell, Biden, White House, White, Edison Research, House, Democrats, Senate, Fox News, Walt Disney Co, Democratic, eventual Locations: Iowa, Des Moines, Biden’s America, America, Florida, Arizona , Georgia, Nevada , New Hampshire , Pennsylvania, Wisconsin, Michigan
ImageDefying the JackhammerDear Diary:I work in the voice-over industry, which shifted entirely to recording from home during the pandemic. I already had the quintessential New York City home studio: a closet, treated with foam and sound-dampening tiles, where I recorded countless auditions and jobs. So I was prepared in 2020 when I landed a series of national television commercials that would run for months and into the holidays. I savored the news for a moment before the sound of Con Edison working outside reminded me that the gas lines were being replaced. I whisked myself down to the street in search of a guy with a clipboard.
Persons: Con Edison, , Organizations: New, New York City Locations: New York
A California law would set a sliding scale for electricity bills based on a household's income. It doesn't totally take out of the equation how much power each household uses: Part of each bill will still be based on that. But each bill also will have "fixed charges" that will be set based on income. Cities like Los Angeles need to build out their electric system to deal with increased demand. "This makes it cheaper to use electricity to operate electric cars or appliances," the NRDC argues — something that could become key in stoking demand for EVs.
Persons: that's, , you've, Erik Von Weber, That's, they've, it's Organizations: Service, Privacy, Washington Post, California Public Utilities Commission, Pacific Gas & Electric San Diego Gas & Electric Southern Cal, Edison, The Washington Post, Getty, Natural Resources Defense Council Locations: California, Los Angeles, San Diego, Eureka
The Burroughs-Edison-Ford party is ferried across the Jackson River in Virginia in 1918. Photo: Benson Ford Research Center‘The trouble with driving,” observed nature writer John Burroughs, “is you have to keep your eyes glued to the road all the while.” He had been skeptical of those new machines, their propensity to fill “the land with noise and hurry.” But things changed when in January 1913 he received a free, brand-new Model T from none other than Henry Ford himself. Yanked out of the 19th century right into Ford’s modern mobile utopia, Burroughs was soon zooming around as if he’d been doing nothing else his whole life.
Persons: Benson, John Burroughs, , Henry Ford, Yanked, Burroughs, he’d Organizations: Burroughs, Edison, Benson Ford Research Center Locations: Jackson, Virginia
The transition to clean energy won't be equal across sectors, according to Morgan Stanley Research. The Wall Street bank broke down segments of the energy transition that will benefit and others that will be challenged by the transition to clean energy. For this list, CNBC picked stocks Morgan Stanley thinks stand to benefit from the move toward clean energy, with a special focus on shares with overweight and equal weight ratings. The stocks in this list fall into one of four categories: — Energy storage and fuel cells. "Not all incumbent utilities will gain from the energy transition," Byrd wrote Wednesday.
Persons: Morgan Stanley, Stephen Byrd, Stocks, Byrd, Morgan Stanley's Organizations: Morgan Stanley Research, CNBC, Products, Chemicals Inc, Linde PLC, Air Products, Chemicals, Energy, Occidental Petroleum, Exxon Mobil, Chevron, Oil, Pacific Gas and, Edison International Locations: California, U.S
[1/2] U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah MillisWASHINGTON, May 28 (Reuters) - U.S. energy company Equitrans Midstream Corp's (ETRN.N) long-delayed $6.6 billion Mountain Valley natural gas pipeline could win federal approval as part of Washington's debt limit deal. The pipeline is backed by Democratic West Virginia Senator Joe Manchin, whose vote is often needed since the Democrats hold a thin majority in that body. The pipeline, which would unlock gas supplies from Appalachia, the country's biggest shale gas basin, still needs review and permitting including in West Virginia. Mountain Valley is owned by units of Equitrans, NextEra Energy Inc (NEE.N), Consolidated Edison Inc (ED.N), AltaGas Ltd (ALA.TO) and RGC Resources Inc (RGCO.O).
"Even Stevens" star Christy Carlson Romano and her husband, Brendan Rooney, founded the startup. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written into him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.
Using this insight, the researchers are able to successfully predict an individual's long-term success with just a small amount of information about that person's initial attempts. Indeed, in another recent study, Wang himself found that an early career setback often set up scientists for later success. In all three datasets, an individual's second-to-last attempt did tend have a higher probability of success than their very first effort. Rather, there's a singular learning threshold that separates eventual successes from the rest. "Thomas Edison said, 'people give up because they don't know how close they are to success,'" Wang explains.
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