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☆ China’s summer of devastating floods shows steep challenge as it grapples with extreme weather
▼ + stars: | 2024-07-22 | by ( Simone Mccarthy | Joyce Jiang | ) edition.cnn.com time to read: +9 min

Villagers clean rubbish after torrential rains caused flooding in Meizhou, Guangdong province of China on June 19. John Ricky/Anadolu/Getty ImagesA man drives through a muddy street in the aftermath of flooding from heavy storms in Meizhou, Guangdong province last month. “All my hard work for a year has come to nothing.”A road is flooded following heavy rainfall in Jiangxi province on July 4. China’s government has mounted a top-down effort to revamp how the country responds to extreme weather in recent years after 2021 floods in Henan’s Zhengzhou killed more than 300 people. But there have been past issues of misappropriation of state recovery funds, for example following the deadly 2021 floods in Zhengzhou.

Persons: John Ricky, –, Xi Jinping, it’s, “, Tingshu Wang, ”, Hongzhang Xu, Typhoon Doksuri, Li Zhao Organizations: Hong Kong CNN, Getty, Communist Party, AFP, China’s Ministry of Emergency Management, Agricultural Television, Retailers, Workers, CNN Weather, ” Observers, Australian National University, Reuters, Greenpeace East, “ Locations: China, Hong Kong, sweltering Henan, Nanyang, speedboats, Meizhou, Guangdong province, Guangdong, AFP, Guangzhou province, Henan, Hunan, Lake, Henan’s Nanyang, Jiangxi province, Shaanxi, Sichuan, Hunan province's Changsha, Chongqing, Hainan, Zhengzhou, breadbasket, Jiangxi, Munich, Greenpeace East Asia, Beijing, –

☆ Hurricane Beryl: Houston area residents frustrated as they enter 6th day without power and air conditioning in punishing heat
▼ + stars: | 2024-07-13 | by ( Dalia Faheid | Taylor Galgano | ) edition.cnn.com time to read: +11 min

We should not have had nine fire stations without power,” Patrick said. Combined with power outages, alarmingly dangerous consequences have ensued. CenterPoint foreign assistance crews work to restore power lines on Thursday in Houston, Texas. Danielle Villasana/Getty ImagesFrustration mounts with Houston utility providerThe crisis comes more than three years after massive power outages hit the state. Greg Abbott has requested an investigation into CenterPoint Energy and other electric companies in the wake of the outages, Patrick said in a news conference Thursday.

Persons: Hurricane Beryl, Energy –, Jordyn Rush, “ It’s, ” Rush, “ I’m, Gov, Dan Patrick, ”, ” Patrick, Beryl, KP George, Dawn O’Connell, Nim Kidd, Patrick, Kidd, Rush, it’s, Hurricane, Brian Maxwell, Danielle Villasana, Greg Abbott, CenterPoint, Jason Wells, “, ” Wells, Larry, Brandon Bell, Destinee Rideaux, she’s, she’s “, “, Rideaux, Laura, she’ll Organizations: CNN, Energy, Houston, Jordyn, CenterPoint Energy, Sunday, “, US Department of Health, Human Services, Preparedness, Texas Emergency Management, Gov, Federal Emergency Management Agency, Texas Gov, CenterPoint, Houston Chronicle, Ward Locations: Texas, Vermont, Louisiana, Houston, Fort Bend County, Harris County, Crystal Beach, City, Galveston, Houston , Texas, Iowa , Louisiana, Hurricane

Washington CNN —President Joe Biden’s debate performance has set off alarm bells among top Democrats, leaving some to openly question whether Biden can stay atop of the Democratic ticket. Pressed by Cooper on Biden’s performance, Harris offered a defense of her boss. Austin Steele/CNNBiden brushed off concerns about his debate performance, telling reporters that he thought he performed well while visiting patrons at a Waffle House after the debate. When asked about calls for him to drop out and if he had any concerns about his debate performance, Biden attacked former president Donald Trump. Democratic Party officials questioned why Biden missed other opportunities to slam Trump’s comments, particularly on the issue of abortion.

Persons: Joe Biden’s, Biden, ”, David Axelrod, Axelrod, Donald Trump, Trump’s, Kamala Harris, Joe Biden, ” Harris, CNN’s Anderson Cooper, Cooper, Harris, “, I’m, Trump, Austin Steele, CNN Biden, ” Biden, who’s, Gavin, Newsom, Gretchen, Whitmer, I’d, “ Trump, Kate Bedingfield, ” Bedingfield, “ Biden, Trump’s mistruths, Jill Biden, Jake Tapper, Dana Bash, Will Lanzoni, Jill, Joe Organizations: Washington CNN, Democratic, CNN, Capitol, White House, Waffle, “, Biden, Convention, Biden White House Locations: United States, Chicago, Trump’s

☆ How the Seattle Storm became the highest valued WNBA franchise of all time
▼ + stars: | 2024-06-28 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +6 min

‘Price tickets competitively’A rower and Olympic silver medalist in the sport, Gilder was living in Seattle and a Storm season-ticket holder when the Storm and the NBA’s SuperSonics were sold to businessman Clay Bennett in 2006. Oklahoma was not going to care about a women’s team,” Gilder explains. Now, the Storm is the WNBA’s most valuable team after it was valued at $151 million in 2023. Leah Millis/ReutersThis year, former Storm player Sue Bird – one of the sport’s greats – joined the ownership group after playing her entire 19-year WNBA career with the team. Seattle Storm co-owner Ginny Gilder poses for a photo on May 18, 2022.

Persons: CNN —, Caitlin Clark, Angel Reese, Ginny Gilder, Gilder, Sue Bird, Megan Rapinoe, Damian Lillard, ‘ Price, Clay Bennett, Bennett, So Gilder, Dawn Trudeau, Lisa Brummel, Anne Levinson, “, Seattle Storm Anne Levinson, Terrence Vaccaro, ” Gilder, you’ve, Biden, Barack Obama’s, Joe Biden, Leah Millis, –, “ We’ve, ”, we’d, Ted S, Warren Organizations: CNN, WNBA, Seattle Storm, ABC, ESPN, ESPN2, CBS, Storm, Milwaukee Bucks, NBA’s SuperSonics, Microsoft, CNN Sport, White, White House, Reuters, Yale Locations: Seattle, Oklahoma, Seattle , Washington, Washington , U.S, –

☆ Stocks making the biggest moves midday: La-Z-Boy, Rocket Lab USA, NextEra Energy and more
▼ + stars: | 2024-06-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

La-Z-Boy – The stock soared more than 19% after the furniture company topped Wall Street expectations for the fiscal fourth quarter. La-Z-Boy reported adjusted earnings of 95 cents per share on revenue of $554 million. This is above earnings estimates of 70 cents per share on revenue of $516 million, according to analysts polled by LSEG. Rocket Lab USA – Shares of the space company jumped around 9% after it signed a ten-launch deal with Japanese Earth observation company Synspective. Analysts polled by FactSet were expecting 82 cents per share in earnings on $1.7 billion of revenue.

Persons: Canaccord Genuity, Piper Sandler, Lennar, FactSet, Warren, Berkshire Hathaway, Buffett, —, Alex Harring, Michelle Fox, Sarah Min, Yun Li Organizations: LSEG, NextEra Energy, Patterson Companies, Occidental Petroleum –, Semiconductor, VanEck Semiconductor, Micron Technology, Qualcomm, Nvidia Locations: Monday's, Houston

☆ Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster's and more
▼ + stars: | 2024-06-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts polled by LSEG expected earnings of $10.84 per share and revenue of $12.03 billion. Signet Jewelers – Shares plummeted more than 13% on the heels of the company reporting mixed earnings results for the first quarter. Analysts polled by FactSet had expected earnings of 85 cents per share and revenue of $1.52 billion. The company reported revenue of $588 million, which is below the $621 million analysts had expected, per LSEG. Analysts had expected earnings of $2.68 per share and revenue of $404.8 million, according to FactSet.

Persons: LSEG, Signet, FactSet, Buster's, Tommy Bahama, Clark, Elon Musk, Oppenheimer, Ulta, Generac, Janney Montgomery Scott, Sean Milligan, Alex Harring, Michelle Fox, Sarah Min, Darla Mercado Organizations: Broadcom –, Computer, Arista Networks, Nvidia, Signet, Company, Galactic, Oxford Industries, Bank of America, Ford, Barclays, Paramount, Amusements, Paramount Global, Warner Bros, –, Liberty Global Locations: Texas

☆ Dakhla Atlantic Port: How a small, windy city could become a gateway for trade
▼ + stars: | 2024-05-28 | by ( Nell Lewis | ) edition.cnn.com time to read: +4 min

Spanning 1,650 hectares, the complex will include a trade port with an oil terminal, a fishing port and a shipyard. “We’re constructing an ecosystem,” Nisrine Iouzzi, the director of construction for the Dakhla Atlantic Port, tells CNN. Gateway to AfricaThe project is part of Morocco’s national port strategy, which aims to modernize and strengthen port infrastructure by 2030, in order to enhance its role in global supply chains. Video Ad Feedback Dakhla Atlantic Port aims to boost trade across West Africa 02:26 - Source: CNNWith the implementation of Africa’s continental free trade agreement, which aims to create a single market for goods and services, the port could encourage the processing of raw materials within the continent. “Local disputes can make developing port infrastructure and reliable logistics much more challenging,” says Mooney.

Persons: CNN —, Nisrine Iouzzi, “, ”, Mounir Houari, Houari, ” Turloch Mooney, Mooney Organizations: CNN, United, United Arab Emirates, Dakhla’s Regional Investment Center, Port, P Global Market Intelligence Locations: Western Sahara, Morocco, Tangier, Mauritania, West Africa, East, Europe, North America, South America, United Arab, Gateway, Africa, Casablanca, Tanger, Med, Agadir, West, Mali, Chad, Niger, Burkina Faso, Sahara, ”, “

My condolences go out to the families that lost a loved one during yesterday’s severe weather event,” Gonzalez said. Over 531,000 customers in Harris County remain without power early Saturday following the line of storms, according to PowerOutage.us. “Isolated to scattered severe thunderstorms appear possible across portions of the Southeast and Carolinas on Saturday, and parts of the Upper Midwest,” the center said. The greatest chances for severe weather are across parts of Nebraska and Kansas, with a slight level 2 of 5 risk of severe thunderstorms issued by the Storm Prediction Center. By the end of the weekend, thunderstorm chances will diminish for most of the Southeast and Mid-Atlantic, the weather service said.

Persons: Samuel Peña, Harris County Sheriff Ed Gonzalez, Gonzalez, ” Gonzalez, David J, Phillip, –, Houston Mayor John Whitmire, ” Whitmire, Logan Riely Organizations: CNN, Houston Fire, Harris County Sheriff, Authorities, CenterPoint Energy, National Weather Service, Houston Mayor, Carolinas, Storm Prediction Locations: Houston, Southeast, Gulf, Harris County, Cypress , Texas, City, Texas, Louisiana, Houston , Texas, Mexico, Carolinas, Midwest, Plains, Nebraska, Kansas

☆ Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more
▼ + stars: | 2024-04-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Amazon posted earnings of 98 cents per share on $143.31 billion in revenue. Analysts surveyed by LSEG had forecast earnings of 83 cents per share on $142.5 billion in revenue. However, the company's second-quarter revenue forecast was shy of estimates. It forecast revenue for the current quarter in line with the analyst forecast of $5.70 billion. Pinterest reported adjusted earnings of 20 cents per share, topping forecasts for 13 cents per share, according to LSEG.

Persons: LSEG, Pinterest, Mondelez, —, Sarah Min, Brian Evans, Alex Harring, Darla Mercado, Tanaya Macheel Organizations: Starbucks, Computer, Chesapeake Energy, Caesars Entertainment, Caesars, Revenue, Diamondback Energy Locations: LSEG

☆ Top stocks to play the future of energy from an investor managing a $5 billion Vanguard fund
▼ + stars: | 2024-03-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +8 min

The Vanguard Energy Fund originated in 1984 and until Levering arrived, it had focused for more than three-decades on oil, gas and coal investments. "My view was that's fossil fuel energy — that's not energy," Levering told CNBC in an interview. Levering took over the Vanguard fund in 2020 as the Covid-19 pandemic had effectively shut down the global economy. Levering said the Vanguard Energy Fund is structured to remain resilient and deliver returns through its hybrid approach, regardless of the macroeconomic turns the world takes. European oil majors The Vanguard Energy Fund remains heavily weighted toward oil and gas companies.

Persons: Tom Levering, Levering Organizations: Vanguard Energy Fund, CNBC, Vanguard, Wellington Management, U.S, Congress, Invesco, Utilities, Duke Energy, Shell, BP Locations: Covid, Russia, Ukraine, French, Southern

☆ Gabby Douglas: Three-time Olympic champion ‘crushed’ after gymnastics return halted by positive Covid-19 test
▼ + stars: | 2024-02-23 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Three-time Olympic champion Gabby Douglas’ return to competitive gymnastics – originally set for this weekend – will have to wait, after the American tested positive for Covid-19. Douglas last competed almost eight years ago at the Rio Olympics, but announced her intention to return to the sport in an Instagram post last year. “I was so excited to get back out on the competition floor, but unfortunately, I just tested positive for Covid. I’m crushed but I’ll see you guys soon!”Douglas competes on the uneven bars during the 2016 US Olympic team trials. Douglas was due to compete in three disciplines at this weekend’s meet: the beam, floor and vault.

Persons: Gabby Douglas ’, Douglas, “, ”, I’m, ” Douglas, Ronald Martinez Organizations: CNN, Rio, Olympic, Getty, Rio Games, Paris Locations: Kentucky, Rio

☆ Chinese zodiac fortune predictions for 2024
▼ + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +19 min

Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.

Persons: Hong Kong CNN —, There’s, ”, Chen, “, Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, –, it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, ”, Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province

☆ Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch
▼ + stars: | 2024-02-02 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 1, 2024. Here's how big of a surprise corporate profits have been this earnings season: the fourth-quarter is now shaping up to be the best of 2023. Despite ongoing macroeconomic concerns that have hampered demand and weighed on consumer sentiment, almost halfway into earnings season, profits are clearly coming in far better than anybody expected. Helping companies' bottom lines this round: easing input costs; more emphasis on cost controls and efficiencies; and significantly reduced expectations. LSEG, formerly Refinitiv, is now seeing a nearly 8% rise in earnings growth this season.

Organizations: New York Stock Exchange, Apple, Chevron, Exxon Mobil, Merck, Bristol, Myers Squibb, Energy, Tech Locations: New York City, U.S

Washington CNN —Special counsel Jack Smith’s office is defending how the federal government during Joe Biden’s presidency sought to repossess White House records Donald Trump took, and how the case evolved into a federal investigation. The prosecutors say Trump’s legal team has attempted to distort the events in his favor – including by claiming he had a security clearance that extended past his presidency. But the prosecutors on Friday wrote Trump’s team “not only knew” of the Biden White House being part of the discussion, they also approved of it. On Friday, the special counsel’s office argued the case’s evolution followed Justice Department protocol, including in how White House employees spoke with DOJ officials. According to the filing, there has not been any communication between prosecutors and Biden or senior White House political officials either about the investigation or otherwise.

Persons: Jack Smith’s, Joe Biden’s, Donald Trump, “, ”, Trump, they’ve, Jonathan Su, Biden, –, Intelligence Community “, Trump’s, ” Smith’s, it’s Organizations: Washington CNN, Trump, National Archives, Justice Department, Biden White House, Department of Energy, White House, Biden White, Counsel’s, DOJ, Department, White, ” Prosecutors, . Prosecutors, of Energy, DOE, Intelligence, Department of Defense, Prosecutors, Trump Organization, FBI, Defense, Service, Mar, FBI Headquarters, Biden, NARA, National Security Council, Records Management, Intelligence Community Locations: Trump’s Florida, Florida, Mar, Lago, magnetometers

☆ Stocks making the biggest moves midday: United Airlines, TKO Group, 3M, Alibaba and more
▼ + stars: | 2024-01-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

United Airlines – The airline stock popped nearly 5% a day after the company reported higher-than-expected earnings and revenue for the fourth quarter. TKO Group – Shares of TKO Group Holdings rallied 15.8% after announcing a deal to air its WWE flagship program known as "Raw" on Netflix next year. Revenue topped expectations, but earnings fell 6 cents short of analysts' expectations, per LSEG. Verizon posted $1.08 in adjusted earnings per share on $35.13 billion in revenue, while analysts surveyed by LSEG forecasted $1.07 per share in earnings and $34.64 billion of revenue. Procter & Gamble posted mixed results for its fiscal second quarter , topping earnings expectations but falling short on revenue.

Persons: Alibaba, Alibaba's, Truist, Coinbase – Coinbase, Goldman Sachs, Jefferies, Lockheed Martin, Horton –, Halliburton – Halliburton, Johnson – Johnson, Wall, Gamble, RTX, Zions Bancorporation, Yun Li, Sarah Min, Alex Harring Organizations: United Airlines –, Boeing, Max, Group, WWE, Netflix, LSEG, New York Times, Sunnova Energy, Enphase Energy, Federal Reserve, JPMorgan, Reuters, CSI China Internet, General Electric, GE, Teva Pharmaceutical, Teva Pharmaceuticals, Lockheed, Logitech –, Logitech, Barstool Sports, Johnson, Verizon –, Verizon, Procter, FactSet Locations: Alibaba –, China, fundaments

☆ A physicist says it's possible to determine if our universe is a giant simulation and has launched a crowdfunding campaign to fund his experiment
▼ + stars: | 2023-12-03 | by ( Melvin M. Vopson | The Conversation | ) www.businessinsider.com time to read: +9 min

But another is that our universe is a computer simulation, with someone (perhaps an advanced alien species) fine-tuning the conditions. In a virtual reality, this limit would correspond to the speed limit of the processor, or the processing power limit. Similarly, virtual reality needs an observer or programmer for things to happen. AdvertisementIt is reasonable to assume that a simulated universe would contain a lot of information bits everywhere around us. Argonne National LaboratoryI have predicted the exact range of expected frequencies of the resulting photons based on information physics.

Persons: It's, Melvin M, Melvin, —, John A, Paice, John Archibald Wheeler, Nick Bostrom, Seth Lloyd, Elon Musk, Albert Einstein's, Stringer, –, John Barrow Organizations: Service, Physicists, Oxford University, Massachusetts Institute of Technology, US, Paramount, Space, Laboratory, University of Portsmouth, Creative Locations: Argonne

☆ Stocks like Nvidia have 'earnings upside' ahead of quarterly reports, Wall Street analysts say
▼ + stars: | 2023-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earnings season is in full swing, and Wall Street analysts named a slew of well-positioned stocks heading into quarterly results. CNBC Pro combed through recent Wall Street research to find stocks with earnings upside. They include Nvidia, Dover, Arista Networks , Xcel Energy, Pfizer and Costco. Analyst Amit Daryanani and his team added a tactical outperform to the stock ahead of earnings on Oct. 30. … We continue to see multiple paths to double digit growth for Arista in 2024 and their analyst day should confirm this outlook."

Persons: Oppenheimer, Bryan Blair, Blair, Dover's, Murphy, Dover, Amit Daryanani, Daryanani, Julien Dumoulin, Smith, Xcel, XEL, Dover – Oppenheimer, DOV, William Blair, Pfizer – Cantor Fitzgerald, PFE, …, Nvidia – Jefferies Organizations: Wall Street, CNBC, Nvidia, Arista Networks, Xcel Energy, Pfizer, Costco, Dover, ISI, Arista, Xcel Energy Bank of America, Energy – Bank of America, …, … Arista, Automotive, & $ Locations: Dover

Renewables (and gas) have been substitutes for fossil fuels such as coal and oil enabling a significant reduction in greenhouse emissions. Renewables (and gas) have served as complements to other fossil fuels – ensuring energy remains affordable and reliable even as consumption increases significantly. EMISSIONS PEAK BUT NOT SOONEventually, China and India’s energy consumption will start to grow more slowly, at which point renewables will substitute for fossil fuels rather than just complement them. Even so, in 2022, fossil fuels accounted for 82% of primary energy consumption in China and 88% in India, including 70% of total electricity generation in China and 77% in India. Policymakers from OECD countries use the U.N. conference process and other diplomatic forums to press China and India to speed up their transition from fossil fuels to zero-emission alternatives.

Persons: Tingshu Wang, Barack Obama, John Kemp, Jonathan Oatis Organizations: Huawei, REUTERS, Organisation for Economic Cooperation, Development, OECD, Renewables, United Nations Population Division, ³, World Energy, Energy Institute, BP, Thomson, Reuters Locations: Shenmu, Yulin city, Shaanxi, China, India, North America, Europe, Chartbook, United States, Western Europe, U.S, Portugal, Switzerland

☆ My family inherited a 900-year-old Italian castle. Here’s what it’s like living there
▼ + stars: | 2023-09-27 | by ( Francesca Street | ) edition.cnn.com time to read: +10 min

Ludovica Uberta Sannazzaro NattaSannazzaro Natta moved into the 45-roomed, turreted, fairytale Castle Sannazzaro when she was four years old. “I would just run around the castle,” Sannazzaro Natta recalls. Ludovica Uberta Sannazzaro Natta“I didn’t really know how to tell people about living in a castle,” she says. Experience a slice of castle lifeA few rooms in Castle Sannazzaro are available as a vacation rental. Ludovica Sannazzaro NattaNow that she’s an adult, Sannazzaro Natta is increasingly aware of the costs and upkeep associated with castle living.

Persons: Natta, Ludovica, Sannazzaro, Sannazzaro Natta, “, couldn’t, Harry Potter, ”, she’d, “ It’s, “ I’m, Covid, decamping, ’, there’s, Sannzzaro Natta, she’s, Natta isn’t, –, it’s, Henry VIII Organizations: CNN, ”, CNN Travel, Netflix Locations: Los Angeles and New York, Italy, Giarole, Milan, Sannazzaro, Turin, Genoa, “, ”

☆ How two former Goldman Sachs traders built the No. 1 US coal exporting business
▼ + stars: | 2023-09-23 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Peter Bradley and Spencer Sloan have built a $1 billion commodities firm over the last eight years. Javelin Global Commodities is now the No. Javelin Global Commodities has grown to become the No. 1 exporter of American coal, Bloomberg reported, citing sources familiar to the company. "It's pretty disheartening that vast fortunes are still being made in activities that are driving dangerous, and potentially catastrophic, global warming."

Persons: Goldman, Peter Bradley, Spencer Sloan, Goldman Sachs, Joseph Curtin Organizations: Bloomberg, Commodities, Service, International Energy Agency, Riverside Shipping, Rockefeller Centre Locations: Wall, Silicon, America, Ukraine, Europe, Moscow

☆ Stocks making the biggest moves after hours: Meta Platforms, Chipotle Mexican Grill, ServiceNow and more
▼ + stars: | 2023-07-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines after the bell:Meta Platforms – Shares of Meta Platforms jumped nearly 6% on stronger-than-expected quarterly results. Chipotle reported adjusted earnings of $12.65 a share on $2.51 billion in revenue. The entertainment technology company reported adjusted earnings of 26 cents a share. Lam posted adjusted earnings of $5.98 per share, beating estimates by 91 cents per share, per Refinitiv. L3Harris reported adjusted earnings of $2.97 a share on $4.69 billion in revenue, and lifted earnings and revenue guidance.

Persons: Chipotle, Refinitiv, Lam, — ServiceNow, FactSet, Sunnova, Richard Dickson, L3Harris, Aerojet, Macheel, Sarah Min, Darla Mercado Organizations: Meta, Revenue, Lam, eBay, Energy, Technology, Mattel –, Mattel, Seagate Technology, Technologies, Federal Trade Commission, L3Harris Locations: FactSet, Refinitiv

☆ China is drilling some of the world’s deepest holes in hunt for natural resources
▼ + stars: | 2023-07-21 | by ( Chris Lau | ) edition.cnn.com time to read: +4 min

The hole will eventually reach 10,520 meters (34,514 feet) into the ground at the Sichuan Basin in southwest China, according to state-run news agency Xinhua. The region is a major area for gas production and engineers expected to find a natural gas reserve there, the report said. These ultradeep holes stretch greater than Mount Everest measuring from top to bottom, which is about 8,800 meters (28,871 feet) tall. Drilling deep allows scientists to learn more about how the Earth was formed with the crust acting like a geological timeline of or world’s formation. China, the world’s second largest economy and the world’s biggest carbon emitter, has huge energy needs.

Persons: Chen Lili, ”, Xi Jinping, John Kerry, Xi, – Organizations: Hong Kong CNN, Xinhua, China National Petroleum Corporation, Sinopec Corp, Reuters, Kerry Locations: Hong Kong, Sichuan, China, Tarim, China’s, Xinjiang, Russia, Soviet, Xinhua, Beijing

☆ What to know about nuclear power in the US
▼ + stars: | 2023-07-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Those developments, which might give anyone pause about the future of nuclear power, are counteracted by other headlines. The question of nuclear energy splits governmentsGermany made the decision to decommission all of its nuclear plants after disasters like Chernobyl and Fukushima. Nuclear power in the USAs of 2022, about 18% of US electricity is generated by nuclear power, according to the US Energy Information Administration. First, be very carefulI talked to one nuclear expert who said the US should be slow and methodical about nuclear power and another who argued there are multiple, public misperceptions about nuclear power that should be corrected. The more circumspect voice is Rodney Ewing, a Stanford University professor and expert on nuclear waste who was chairman of a federal review of nuclear waste procedures.

Persons: CNN’s Clare Sebastian, Larry, Joe Biden, Rodney Ewing, ”, I’ve, ” Ewing, “, David Ruzic –, Ruzic, we’ve, ” Ruzic, “ It’s, it’s, Ewing Organizations: CNN, International Atomic Energy Agency, US Energy Information Administration, FirstEnergy Corp, Department of Energy, Stanford University, Bulletin, Atomic Scientists, University of Illinois, Lawmakers Locations: Russia, Ukraine, Europe’s, Japan, Georgia, Germany, Fukushima, France, CNN’s, China, Tennessee, California, Illinois

The U.S. Coast Guard said on Tuesday that several vessels were on their way to assist in the search for the submersible, including its ship the Sycamore and a Canadian Coast Guard vessel, John Cabot. Polar Prince, Deep Energy – a pipe-laying vessel flagged in the Bahamas, and three other Canadian vessels. North Atlantic Ocean Atalante at 11:03 p.m. 200 miles Sources: United States Coast Guard, MarineTraffic, GEBCO Note: All times are in Eastern. The Polar Prince deployed the Titan on Sunday and has been searching the area since losing contact with it less than two hours later. Deep Energy arrived at the scene earlier on Tuesday and launched a remotely operated vehicle, or R.O.V., to aid in the search, the U.S. Coast Guard said.

Persons: John Cabot, CANADA Ann Harvey, Terry Fox, CANADA Newfoundland Ann Harvey Organizations: Atlantic, U.S . Coast Guard, Canadian Coast Guard, Energy, CANADA, CANADA Newfoundland, United States Coast Guard, Canadian Locations: Connecticut, U.S, Polar, Bahamas, Sycamore, Newfoundland, Glace, Eastern

☆ New York is choking on smog. But for these cities, it’s just another day
▼ + stars: | 2023-06-08 | by ( Jessie Yeung | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —For days, images of New York choking in smoke have stunned the United States, as residents struggle to deal with the unfamiliar challenge of severe air pollution. That means its people are exposed to high levels of fine particulate matter, or PM2.5, a widely used indicator of harmful air pollution. It culminated in the infamous 2013 “air-pocalypse,” when the air quality index hit 755, smashing what was supposed to be the top of the scale at 500, according to the US Embassy in Beijing that kept a daily air quality monitor. In 2021, Beijing recorded its best monthly air quality since records began in 2013; photos now show mostly blue skies in the city. It’s an encouraging sign, and evidence that the right policies and investment can help fix air quality.

Persons: smothers, Andrew Kelly, Sanchit Khanna, Chiang Mai, Nicolas Asfouri, Justin Trudeau, Joe Biden, ”, Lucky Tran Organizations: Hong Kong CNN, Rockefeller Center, Reuters, Hindustan Times, Embassy, Canadian, United Nations, East Coasters Locations: Hong Kong, York, United States, Canada, Coast, West Coast, California, Asia, New York, India, New Delhi, Southeast Asia, Malaysia, Indonesia, Beijing, AFP, –, China, It’s, South Carolina, Quebec, Yorkers

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