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Orange juice manufacturers face a supply crisis and are considering alternative fruits. Brazil and Florida's orange supplies are declining due to disease and poor weather conditions. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. A report from Fundecitrus and CitrusBR said that the climate crisis and a citrus disease known as greening have caused Brazilian orange farmers to harvest their smallest crop in decades. Brazil is the world's largest orange juice producer and exporter.
Persons: CitrusBR Organizations: Service, Business Locations: Brazil, Fundecitrus, Sao Paulo, Minas Gerais
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. I'd be surprised if most Americans know that there are not one, but two crewed space stations in orbit currently. I'd like to think the International Space Station is common knowledge, but is Tiangong? Tiangong, that second space station in orbit, is built and run by the Chinese. Ideally, NASA also gets more than one space station.
Persons: CNBC's Michael Sheetz, I'd, I've, NASA's Organizations: NASA, NASA's, Soyuz Locations: U.S, China
Record high gold prices are in the spotlight — but it's really the yellow metal's poorer cousin, silver, that's outperforming in the price rally. Spot silver prices have gained 35% this year-to-date to 12-year-highs. In comparison, spot gold prices are at around $2,350 per ounce, but have just gained 14% so far this year. Silver is used in solar panels and also in general industryIn particular, silver is a key raw material for solar panels. Other than solar panels, silver is also used in electronics, as catalysts in industrial processes, and in car parts.
Persons: Morgan Stanley, Daniela Hathorn, Hathorn, Silver, overcapacity Organizations: Service, Business, Bloomberg, East, Global, Silver Institute Locations: China, West, Europe, Beijing
French startup Vizcab has secured a fresh $4.9 million in its Series A extension. Vizcab's AI-driven platform helps calculate the Life Cycle Assessment of construction projects. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Vizcab, which launched in 2015, has developed a software platform that calculates the Life Cycle Assessment (LCA) of construction projects to reduce their carbon impact. It measures how environmentally efficient each stage of a given project is, and how much CO2 the project may emit.
Organizations: Service, Business
When it comes to claiming Social Security retirement benefits, experts agree it's generally best to delay. Yet many people still claim early — either at the earliest possible age of 62 or before their full retirement age. Those early claims result in reduced Social Security benefits for life. To get 100% of the benefits you've earned, you need to wait until full retirement age — between age 66 and 67, depending on your date of birth. Here's what experts say to the most common arguments for claiming Social Security benefits as soon as possible.
Persons: it's, you've, Warren Buffett's, David Blanchett Organizations: Social, Finance, CNBC, DC Solutions, Prudential Financial
Miss Kim brought in $1.89 million in sales in 2023 and made a net profit of $101,553 for the fiscal year from August 2022 to July 2023. "I started wondering, if I had Korean food or Asian food and I was able to tell this story…what would that look like?" In the fiscal year from August 2016 to July 2017, Miss Kim brought in $699,877 in sales, according to Kim. Doing away with tippingToday, Miss Kim is profitable and thriving, with total sales of $1.89 million in 2023. When Miss Kim first opened, "we decided that we're going to do away with tipped credit and pay people living wage."
Persons: Ji Hye Kim, Kim, Ann Arbor, Miss Kim, Young Kim, Hye Kim Kim, Paul Saginaw, Ari Weinzweig, Zingerman's, Hye Kim, she'd, It's, Kim didn't, Zach Green, Marisa Forziati Organizations: CNBC, U.S, University of Michigan, Dancing Sandwich Enterprises, Miss Locations: South Korea, New Jersey, Ann, Zingerman's, Ann Arbor, Michigan, New York, Saginaw, Korea, Ann Arbor , Michigan, gochujang, U.S, United States, Miss
A new logo (and merchandising) for the resort brand Lilly Pulitzer aims to be both timely, and timeless. Pictured above, a Lilly Pulitzer store in Sarasota, Florida. But it maintains firm roots in Palm Beach. “Nothing is more rooted in a resort Americana aesthetic than Lilly Pulitzer,” said Robert Burke, chief executive of retail consultancy Robert Burke Associates. This year, in addition to the Badgley Mischka collaboration, it rolled out a team-up with Natalie’s Juice, selling bottles of orange juice featuring a custom Lilly Pulitzer sticker.
Persons: Lilly Pulitzer, , Lilly, Lilly Pulitzer hasn’t, Donald Trump, John Greim, , Michelle Kelly, Badgley Mischka, ” Kelly, Lilly Pulitzer’s, Nili, Pulitzer, “ Lilly, Kelly, “ It’s, Jacqueline Kennedy Onassis, Wendy Vanderbilt, Tommy Bahama, Johnny Was, Robert Burke, , Robin Kramer, Burke Organizations: The, Fashion, CNN, Target, Hill, Apple, Palm Beach, Pulitzer, Oxford Industries, Robert, Robert Burke Associates, Natalie’s Locations: New York’s, Palm Beach , Florida, Sarasota , Florida, Philadelphia, Palm Beach, Cranston , Rhode Island
Fans streamed through the gates, packing Roland Garros, lining up for crepes and champagne and Aperol spritzes. If that latter court is his living room, then the grounds at Roland Garros are his estate. Ever since then, Zverev has wanted another shot at playing Nadal at Roland Garros — though not in the first round, more like a semifinal or a final. The idea of playing Nadal on this clay sends chills through the spines of so many players. In 2022, I remember he came into Roland Garros not winning Monte Carlo, not winning Madrid, not winning Rome.
Persons: France —, Roland Garros, spritzes, , Ostapenko —, squandering, Lucia Bronzetti, Novak Djokovic, Serena Williams ’, Rafael Nadal, Suzanne Lenglen, Nadal, Court Philippe, Chatrier, Uber, Alexander Zverev, Tim Clayton, Corbis, ” Nadal, He’d, Zverev, hadn’t, ” Zverev, Andrey Rublev, Misha, punking, , , , Rafa, Tsitsipas, Philippe, Roger Federer, it’s, “ I’m, Iga Swiatek, Rafa Nadal, he’s, “ There’s, Monte, Casper Ruud, Gao Jing, Felix Auger, Aliassime, Hubert Hurkacz, I’m, Clive Brunskill Organizations: France — Officially, — Alcaraz, Ostapenko, Roland, Getty, NBA, Nadal, Rafa, Monte Carlo, Madrid, TennisViz Locations: PARIS, France, Osaka, Court, Australia, Barcelona, Monte Carlo, Rome, Xinhua, tennis
CNN —The United States has just won a significant honor – being named the world’s best country for travel and tourism in 2024 by the World Economic Forum. Europe in the leadSix of the top 10 countries on the list are in Europe, with Spain the highest overall. The country knows it has the world’s eyes looking its way ahead of the Summer Olympics in Paris this year. For 2024, six countries share the number one ranking – France, Germany, Italy, Japan, Singapore and Spain. leonovo/iStock Editorial/Getty ImagesThe top 10 countries for tourism, according to the World Economic Forum1.
Persons: , It’s, Yongyuan Dai, Organizations: CNN, World Economic, Economic, Henley Index, , Asia “, United Locations: United States, Europe, Spain, France, Paris, – France, Germany, Italy, Japan, Singapore, Shanghai, China, Asia, Ireland, Switzerland, Netherlands, American, Canada, Australia, Bondi, Barcelona, Venice, Bolzano, Tyrol
The homes at Hunters Point, which start at $1.4 million, have already withstood two hurricanes. "We built these homes to be able to deal with the climate crisis," said developer Marshall Gobuty. One solution, said real-estate developer Marshall Gobuty, is to build more resilient homes. "People say they build to code, and my answer is 'Great,'" he told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: Marshall Gobuty, skyrocketing Organizations: Service, Business Locations: Florida
Advertisement2024 may be the worst hurricane season in history3D rendering of Category 4 hurricane near the US State of Louisiana. FrankRamspott/Getty ImagesA coastal engineer at Texas A&M University, Figlus is an expert on flooding. AdvertisementDespite rising flood and hurricane risk, a whopping 140,000 people moved to Houston, Texas, last year. This online service provides a detailed breakdown of flooding risk in a given area. AdvertisementAll in all, Figlus thinks people can still live in flood zones relatively safely, as long as they understand the risks.
Persons: Jens Figlus, Figlus, Hurricane Harvey, Harvey, Wager, jhorrocks, David J, Phillip Organizations: Service, Business, Texas, M University, Figlus, National Oceanic, Atmospheric Administration, University of Pennsylvania, Simpson, Census, FEMA Locations: Texas, Louisiana, of Louisiana, Atlantic, what's, Houston, Houston , Texas, Gulf, Galveston Bay, Hurricane
With 5G, organizations now have faster internet speeds, expanded capabilities, and an additional avenue of connectivity. Telecom companies can also provide private 5G networks to businesses, offering them low latency and high bandwidth to transfer large volumes of data securely. For example, NTT, a Japanese telecom company, offers 5G services to consumers and private 5G services to businesses, particularly in the manufacturing and automotive industries. Increasingly, more cellular and Internet of Things devices are being connected to organizations' 5G networks, which means more opportunities for hackers if organizations don't properly manage their security. In the future, more security companies could focus on 5G security for cars, airplanes, medical devices, and more.
Persons: , Christine Gadsby, Chris Novak, Novak, Shahid Ahmed, Gadsby, Casey Ellis, he's, Bugcrowd, Ellis, We're, Matsubara Organizations: RSA, 5G, Service, cybersecurity, Business, BlackBerry, Telecom, Verizon Business, NTT, Mobile Locations: San Francisco, Japanese, cybersecurity, China
China has made a lot of solar panels, dramatically lowering prices and helping the country's clean-energy transition. The problem is that Chinese manufacturers seem to have made too many solar panels, according to the US, the European Union, and their allies. China's facing its own overproduction problem at home following a breakneck pace of growth in solar energy — one key pillar of the country's "new three" economic drivers. Germany's energy prices are under pressure from too much solar energyIt's not just China getting hit by an excess of solar energy. Germany, too, has been producing so much solar energy that energy prices have fallen into negative territory when output peaks.
Persons: They're, Joe Biden, David Fishman Organizations: Service, European Union, Business, Reuters, Bloomberg, West, Longi Green Energy Technology, China Photovoltaic Industry Association, Lantau Group Locations: China, Beijing, overcapacity, Germany, that's
America's power grid is old and stressed. The main problem: It takes way too long to build towering high-voltage power lines that carry electricity across state lines and to hook up new power to the grid. AdvertisementBut upgrading the power grid gets bogged down by several issues. A new rule issued by the Federal Energy Regulatory Commission this month is aimed at tackling some of the problems. If the US doesn't invest in regional transmission lines, customers will pay the price in the form of congestion and more life-threatening outages.
Persons: Brett White, Larry Gasteiger, Allison Clements, West Virginia —, Jeffrey Shields, PJM, Shields, Manu Asthana's, Asthana, Mark Christie, Neil Chatterjee, Chatterjee, Christine Powell, Chuck Schumer, Gasteiger Organizations: Service, Business, Energy, Princeton University, Federal Energy Regulatory, Democrat, Sierra Club, Republican, Department of Energy, DOE, FERC, Earthjustice's Clean Energy, University of Chicago, wouldn't Locations: Pine, States, Maryland, Pennsylvania, West Virginia, New Jersey, California
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The conversation I moderated was on "Big (Geospatial) Data & AI," with the goal of exploring how the two rapidly evolving worlds of satellite data collection and artificial intelligence interact. Simply put, Project Maven at NGA is working on how AI can use satellite imagery and data to detect objects and activities around the world. "As the volume of that data grows, it is beyond the capacity of the human mind to be able to derive any kind of useful understanding from that kind of data," Martin said. And more change is coming: The next step in the evolution of geospatial data and AI, from her view, is applying generative AI "to basically arm non-experts with the ability to expertly use geospatial data."
Persons: CNBC's Michael Sheetz, Nathan Kundtz, Rachael Martin, Martin, Maven Organizations: Space, Maven, National Geospatial - Intelligence Agency, of, NGA, National Reconnaissance Office, NRO Locations: China
The Peugeot e-3008 electric car on display during a presentation at the Stellantis car factory in Sochaux, France. PARIS, France — French car giant Peugeot told CNBC this week that it's partnering with Vay, a German mobility startup, to integrate so-called "teledriving" tech — an alternative to autonomous cars — into its vehicles. The deal will see the two companies assess the use of Vay's teledriving tech on "last-mile delivery" vans and smaller logistics vehicles, with a focus on business-to-business (B2B) customers. The first pilot test drives of Vay's technology with Peugeot vehicles are expected to take place this year. Peugeot is looking to include the tech in its E-3008 electric SUVs and some electric vans.
Persons: Vay, Justin Spratt, Spratt Organizations: Peugeot, CNBC, Amazon Locations: Sochaux, France, PARIS
Why OpenAI should fear a Scarlett Johansson lawsuit
  + stars: | 2024-05-22 | by ( Brian Fung | ) edition.cnn.com   time to read: +11 min
“It doesn’t matter if OpenAI used any of Scarlett Johansson’s actual voice samples,” Li posted on Threads. Here, Johansson could accuse OpenAI of illegally monetizing who she is by essentially fooling users into thinking she had voiced Sky. But there’s substantial case law — and one very inconvenient fact for OpenAI — undercutting that defense, legal experts say. According to Johansson, OpenAI approached her to perform as Sky; Johansson declined. While California’s publicity law protects all individuals, some state statutes only protect famous people, and not all states have such legislation on the books.
Persons: Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, OpenAI didn’t, demoed, Tiffany Li, Scarlett Johansson’s, ” Li, monetizing, John Bergmayer, , , , Bette Midler, Midler, Tom Waits, Waits, , James Grimmelmann, Scarlett Johansson ”, Altman, Sky’s, Johansson ”, Samantha, , ” Grimmelmann, Joel Saget, ” Bergmayer, Dana Rao, Adobe’s, we’re, Jennifer Rothman, ” Rothman Organizations: Washington CNN, University of San, Public, Ford Motor Company, Appeals, Circuit, Frito, Cornell University, Getty, Adobe, FAIR, University of Pennsylvania Locations: University of San Francisco, California, Midler’s, Paris, AFP
Soaring temperatures in Mexico are causing monkeys to fall dead from trees. Dehydration killed the monkeys "within a matter of minutes," biologist Gilberto Pozo told the AP. Research has shown that extreme heat, on average, cost the global economy $16 trillion between 1993 and 2013. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Up to 85 howler monkeys were found dead in Tabasco in southeast Mexico, where temperatures this week are forecast to surpass 113 degrees Fahrenheit, Reuters reported, citing local media.
Persons: Gilberto Pozo Organizations: AP, Research, Service, Reuters, International Union for Conservation of, Business Locations: Mexico, Tabasco
CNN —US Secretary of State Antony Blinken said he wants to work with Congress on legislation to penalize the International Criminal Court after it applied for arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant. The court’s chief prosecutor Karim Khan also issued warrants for senior Hamas officials, including its leader in Gaza, Yahya Sinwar. The Biden administration came out forcefully against Khan on Monday for his decision to apply for the warrants against top Israel officials on charges of war crimes and crimes against humanity. Meanwhile, the Biden administration has faced questions about its condemnation of the ICC’s actions while saying it continues to support the court’s investigation into Russian war crimes during its invasion of Ukraine. The Trump administration previously sanctioned ICC officials by executive order in 2020 over its investigation of possible war crimes by US military and intelligence officials in Afghanistan, sanctions that the Biden administration lifted the next year.
Persons: Antony Blinken, Benjamin Netanyahu, Yoav Gallant, , ” Blinken, Biden, Karim Khan, Yahya Sinwar, Blinken, Republican Sen, James Risch, , Sen, Lindsey Graham, Khan, Mike Johnson, ” Johnson, Lloyd Austin, Matthew Miller, “ We’ll, ” Miller, Trump Organizations: CNN, State Department, Senate Foreign Relations, Republican, ICC, Israel, American Heritage, Republicans, , White House, , Ukraine Defense Contact, . State Department Locations: Netherlands, Gaza, Israel, Ukraine, Afghanistan
The startup just raised a $60 million Series B funding round. We got an exclusive look at the pitch deck the startup used to raise its new round of funding. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The startup Arbol just raised $60 million in Series B funding. Giant Ventures and Opera Tech Ventures co-led the round, with Mubadala Capital also participating in the fundraise.
Persons: hasn't Organizations: Service, Giant Ventures, Opera Tech Ventures, Mubadala Capital, Finch Finance, Space, Business
Ivan Boesky, the financier who was a central figure of the 1980s insider trading scandals, has died at the age of 87, the New York Times reported on Monday. Boesky, who partly inspired the Gordon Gekko character in the 1987 movie "Wall Street," was at his peak considered a genius at risk arbitrage, the business of speculating in takeover stocks, and his wealth was estimated at $280 million. But the U.S. Securities and Exchange Commission proved he obtained tips from investment bankers about deals in the works and used them illegally before the information was released to the public. He won leniency by cooperating in the government's investigation of insider trading rings and reportedly taped conversations with his business contacts. The death was confirmed to the New York Times by Boesky's daughter, Marianne Boesky.
Persons: Ivan Boesky, Boesky, Gordon Gekko, Boesky's, Marianne Boesky Organizations: New York Times, U.S . Securities, Exchange Commission
We picked the wine store. Enlist helpYour best bet for getting a great bottle, Baker-Briggs says, is to have someone like him walking you through the aisles. And that's not a bad thing, provided you're looking at the right stuff. "No one making quality wine is putting those things on their label." However, that may mean the wine is mass produced and not the special bottle you're looking for.
Persons: Thatcher Baker, Briggs, Baker, crowdsource, " Baker, That's Organizations: Thatcher's Locations: France, Italy
And the start of the 2024 W.N.B.A. season has many wondering if the sport is entering a new economic era. The arrival of stars like Caitlin Clark, the former University of Iowa phenom who is now a rookie with the Indiana Fever, has boosted interest and ticket sales. But there are still obstacles the league needs to overcome before attaining the kind of stature that other professional sports leagues have. The league has long had stars, but it has struggled to market their skills and personalities to a mass audience.
Persons: Caitlin Clark, capitalizes Organizations: University of Iowa, Indiana Fever
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why the NFL decided to partner with Netflix for Christmas Day gamesBrian Rolapp, NFL chief media and business officer, joins 'Squawk on the Street' to discuss why the NFL's partnership with Netflix makes sense, how it fits into the league's global expansion plans, and concerns around market fragmentation.
Persons: Brian Rolapp Organizations: NFL, Netflix
Washington CNN —A pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers. Health care lags other industries such as big financial institutions and energy providers when it comes to IT security, according to some experts. The two ransomware attacks hit different nerves of the health care system. Momentum is also growing on Capitol Hill to force health care organizations to meet basic cybersecurity standards. More broadly, the Justice Department last week announced a task force to examine “health care monopolies and collusion” that will guide the department’s approach to “civil and criminal enforcement in health care markets,” where warranted.
Persons: cybersecurity, ” Joshua Corman, Sen, Ron Wyden, , cybercriminals, Biden, Anne Neuberger, Mark Warner, ” Carter Groome, Corman, , ” Sen, Marsha Blackburn, Andrew Organizations: Washington CNN, Biden, “ Industry, CNN, Oregon Democrat, ransomware, Change Healthcare, White House, American Hospital Association, Department of Health, Human Services, Virginia Democrat, Healthcare, cybersecurity, Health, Cavalry, UnitedHealth, Optum, Tennessee Republican, Justice Department, UnitedHealth Group, Wall Street, Department Locations: St, Louis, United States, Virginia, Tennessee
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