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CNN —Jupiter’s iconic Great Red Spot is a massive storm that has swirled within the atmosphere of the largest planet in the solar system for years. The Great Red Spot is a massive vortex within Jupiter’s atmosphere that is about 10,159 miles (16,350 kilometers) wide, which is similar to Earth’s diameter, according to NASA. Vincenzo Pinto/AFP/Getty ImagesWhile the first two scenarios resulted in cyclones, they differed in shape and other characteristics witnessed in the Great Red Spot. But the researchers believe that the persistent atmospheric storm cell, which resulted from intense wind instability, produced the Great Red Spot. Previous research, published in March 2018, has shown that the Great Red Spot is growing taller as it shrinks in size overall.
Persons: Giovanni Domenico Cassini, Ann Ronan, Cassini, , Agustín Sánchez, Lavega, , updrafts, Donato Creti, Vincenzo Pinto, Michael Wong, ” Wong Organizations: CNN, Research, NASA, University of, Visitors, Vatican Museum, University of California Locations: Italian, Basque, Bilbao, Spain, AFP, Berkeley
EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL:"If the central government steps in to help Country Garden, it's for easing the debt crisis and preventing a spillover to financial institutions. But it will not help the China property market, which depends on factors, including employment and consumer confidence. Homebuyers would not rush to buy property just because Country Garden gets out of trouble. For the broader property market, the key is still home sales." Country Garden may have reached a tipping point where it will need more liquidity to fulfill such a policy goal.
Persons: Tyrone Siu, Ping, EUGENE LAW, Homebuyers, MICHAEL WONG, XU TIANCHEN, YAO, homebuyers, GARY NG, Clare Jim, Anne Marie Roantree, Edwina Gibbs, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping An Insurance Group, HK, Reuters, LU, OF CHINA GALAXY, Garden, Central Financial Work Conference, Thomson Locations: Shenzhen, China, HONG KONG
The astronomers spied a high-speed jet stream in Jupiter’s lower stratosphere, an atmospheric layer about 25 miles (40 kilometers) above the clouds. “What we have always seen as blurred hazes in Jupiter’s atmosphere now appear as crisp features that we can track along with the planet’s fast rotation,” he said. Jet stream revelationsResearchers compared winds detected by Webb at high altitudes with those within the lower layers picked up by Hubble and tracked changes in wind speed. Both space observatories were necessary to detect the jet stream, as Webb spotted small cloud features and Hubble provided a look at the equatorial atmosphere, including storms not related to the jet. Future observations of Jupiter using the Webb telescope may uncover more insights into the jet stream, such as whether its speed and altitude shift over time, as well as other surprises.
Persons: James Webb, Webb, , Ricardo Hueso, Cassini, Imke de Pater, Hubble, Michael Wong, , Leigh Fletcher, — it’ll Organizations: CNN, James Webb Space, University of, Hubble, University of California, University of Leicester Locations: Basque, Bilbao, Spain, Berkeley, United Kingdom
Evolution occurs, it holds, when these various configurations are subject to selection for useful functions. "We have well-documented laws that describe such everyday phenomena as forces, motions, gravity, electricity and magnetism and energy," Hazen said. The subsequent generation of stars that formed from the remnants of the prior generation then similarly forged almost 100 more elements. "Imagine a system of atoms or molecules that can exist in countless trillions of different arrangements or configurations," Hazen said. "Only a small fraction of all possible configurations will 'work' - that is, they will have some useful degree of function.
Persons: Charles Darwin, Darwin, Robert Hazen, Hazen, Michael Wong, Jonathan Lunine, Will Dunham, Lisa Shumaker Organizations: Carnegie Institution for Science, National Academy of Sciences, Carnegie, Cornell, Thomson Locations: British
Mysterious dark spot detected on Neptune
  + stars: | 2023-08-25 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +5 min
CNN —Astronomers have spotted a large and mysterious dark spot within Neptune’s atmosphere, and it has an unexpectedly bright companion. “Since the first discovery of a dark spot, I’ve always wondered what these short-lived and elusive dark features are,” said lead study author Patrick Irwin, professor of planetary physics at the University of Oxford, in a statement. Gas giants and dark spotsGiant gaseous planets in our solar system, including Neptune, are known for the dark spots that appear in their atmospheres, such as Jupiter’s Great Red Spot, a centuries-old storm. The Great Dark Spot on Neptune, the nickname given to the largest storm witnessed by Voyager 2, was so large that it could contain Earth. The unusual cloud appeared in the observation as a smaller bright spot next to the larger dark spot, and both are on the same atmospheric level.
Persons: I’ve, , Patrick Irwin, Hubble, Neptune, Irwin, Irwin et, Michael Wong, ” Wong, Organizations: CNN —, Southern, Hubble, University of Oxford, Gas, NASA, Irwin’s, European Southern Observatory, University of California Locations: Chile, Northern, Berkeley
The company logo for Financial broker Charles Schwab is displayed at a location in the financial district in New York, U.S., March 20, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Aug 22 (Reuters) - Shares of Charles Schwab (SCHW.N) fell by nearly 5% to a one-month low on Tuesday after the U.S. brokerage unveiled a cost-cutting plan that came with steep one-time charges. Charles Schwab announced on Monday that it planned to layoff staff and close or downsize some corporate offices to save about $500 million. But Charles Schwab is expected to incur one-time charges of up to $500 million from the cost-cutting measure, potentially dampening its profit in the second half of this year. Charles Schwab's stock fell as much as 5.3% to $56.26, the lowest level since July and the biggest one-day percentage drop since March.
Persons: Charles Schwab, Brendan McDermid, Charles Schwab's, Morningstar, Michael Wong, Chibuike Oguh, Lisa Shumaker Organizations: REUTERS, State, Northern Trust, Bank of New York Mellon, U.S . Federal Reserve, Thomson Locations: New York, U.S, Northern
"It would be fair to characterize Charles Schwab as a financial services supermarket," Michael Wong, director of North American equity research and financial services at Morningstar, told CNBC. "Anything that you want, you can find in Charles Schwab's platform." Charles Schwab was among the firms that benefited from the growth of retail investing during the coronavirus pandemic, and it’s now facing the consequences of Federal Reserve’s aggressive interest rate hikes. Charles Schwab told CNBC it was unable to participate in this documentary. Watch the video above to learn more about how Charles Schwab battled the ever-evolving financial services market – from fees to fintech – and how the reward doesn’t come without the risk.
Persons: Charles Schwab, Michael Wong, Charles Schwab's, ” Alex Fitch, Edward Jones, Morgan Stanley, Charles Schwab’s, fintech – Organizations: Charles Schwab Corp, North, Morningstar, CNBC, Oakmark Equity, Income, Fidelity, Interactive, Stifel, JPMorgan, UBS, Robinhood Locations: United States
[1/3] The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. The investment bank will outline the path to profit for its Platform Solutions unit, which houses Goldman's transaction banking, credit card and financial technology businesses, it said. It is also considering "strategic alternatives" for its consumer platforms, Solomon said, without specifying what those options would be. Chief Executive David Solomon's performance and his plans for growth will also be scrutinized by investors and analysts. Observers will focus on his plans to decrease Goldman's reliance on trading and investment banking, which can be whipsawed by market volatility.
NEW YORK, Feb 28 (Reuters) - Goldman Sachs Group Inc (GS.N) Chief Executive David Solomon and his top executives are expected to unveil the company's medium-term financial goals on Tuesday, according to analysts. Its ROTE was 11% last year, missing analyst estimates, as rising interest rates prompted a sharp slowdown in dealmaking. Observers will also focus on the CEO's plans to decrease Goldman's reliance on trading and investment banking, which can be whipsawed by market volatility. The bank has said it plans to slim down some alternative investments that weighed on profits last year. Reporting by Saeed Azhar and Lananh Nguyen Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Right now the cheapest stocks are in the communication services sector, where they are currently trading 43% below Morningstar's fair value estimates. Healthcare and real estate stocks also seem undervalued, trading 11% and 25%, respectively, below fair price estimates. Within the sector software stocks are trading at a 23% discount, semiconductor stocks are 12% undervalued, and hardware stocks are 15% undervalued, according to Morningstar sector director Brian Colello. On the other hand, consumer defensives and industrials seem to be starting 2023 off trading around fair value, while utilities stocks currently look about 5% overvalued. These stocks are listed below, along with each firm's ticker, market capitalization, sector, and price over fair value estimate.
Total: 10