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☆ This AI play has bottomed and is breaking out, according to options trader Zhang. How to play it
▼ + stars: | 2024-10-23 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

As industries increasingly rely on real-time AI models, Akamai's infrastructure offers both speed and enhanced security by processing data closer to users. This technological edge, combined with the company's attractive valuation, offers substantial upside potential, with recent market activity reflecting growing investor interest in its AI-driven growth opportunities. AKAM has formed a classic bottoming pattern over the past few months and is now breaking above a major resistance level at $102.50. AI models distributed on Akamai's extensive edge computing network provide significant upside potential, especially as demand for low-latency AI solutions increases across various industries. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: AKAM, Zhang Organizations: Akamai Technologies, CNBC, NBC UNIVERSAL Locations: AKAM

☆ A lower-risk trade using options on an AI-derivative play that's breaking out
▼ + stars: | 2024-10-16 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

As industries increasingly rely on real-time AI models, AKAM's infrastructure offers both speed and security by processing data closer to users. Combined with the company's attractive valuation, it offers substantial upside potential, with the chart showing growing investor interest in its AI-driven opportunities. Trading at only 15 times forward earnings, it's a significant discount relative to its industry average of nearly 28. AI models distributed on AKAM's extensive edge computing network provide significant upside potential, especially as demand for low-latency AI solutions increases across various industries. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ These are the top tech picks of UBS for rest of year, including an Nvidia alternative
▼ + stars: | 2024-09-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Some tech stocks are due for outperformance heading into year's end, according to UBS. Nvidia dragged other chip stocks down with it, with the VanEck Semiconductor ETF (SMH) suffering its worst day since March 2020. Wall Street is also bullish on the chipmaker, with 41 of the 50 analysts covering the name issuing a strong buy or buy rating, according to LSEG. In the IT hardware and electronics manufacturing services sector, UBS named Dell Technologies , given a PC refresh cycle and developing strength in AI optimized servers. UBS has a buy rating on the stock, and its target implies more than 48% upside from Tuesday's close.

Persons: chipmaker, Timothy Arcuri, Palantir, monetization Organizations: UBS, Nvidia, VanEck Semiconductor, Devices, AMD, Dell Technologies, DELL, P Global, Dell, Spotify

☆ The weirdest startup in healthcare has a blank check from General Catalyst
▼ + stars: | 2024-09-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +17 min

Hemant Taneja, the CEO of top venture firm General Catalyst, cofounded the healthcare startup Commure in 2017, and launched it in 2020. AdvertisementIt's made six acquisitions in four years — a remarkable number for a healthcare startup. He hatched Commure inside General Catalyst in 2017 alongside former leaders from Google, Salesforce, and healthcare data analytics firm Health Catalyst. The Philadelphia-based health system co-created a startup with General Catalyst, patient engagement platform Tendo, in 2020. General Catalyst said HATCo will work closely with its more than 20 health system partners, including HCA Healthcare.

Persons: Hemant Taneja, Catalyst, PitchBook, Commure, It's, Augmedix, He's, Tyler Le, Taneja, Livongo, Teladoc, Glen Tullman, Ashwini Zenooz, CommureOS, Tanay Tandon, Rusty Russell, Strongline, Tandon, didn't, General Catalyst, it's, Axios, he's, HATCo, GABRIELLA AUDI, wasn't, Hemant Organizations: Catalyst, Business, Catalyst's, Google, NASDAQ, Jefferson Health, Healthcare, HCA Healthcare, Athelas, SMP Labs, SMP, Commure, BI, FCC, Labs, Strongline Pro, Strongline, Northern District of, Canopy, General, Health, Healthcare Assurance Transformation Corporation, Summa Health, Olive AI, Augmedix, HCA, Getty, Big Tech, Commure's Locations: Livongo, Philadelphia, Commure, PatientKeeper, Athelas, Strongline, Northern District, Northern District of California, Ohio, Augmedix

More manpower.”It’s far from the only border security ad on Arizona’s airwaves. They want border security, but they also want to fix our broken immigration system,” Gallego argued in an interview with NBC News. Border security has long been one of Trump and the GOP’s top issues and a weakness for Biden and his party. That was very clear, and that’s why I voted for it.”How Gallego's roots inform his campaignIntertwined with Gallego’s border security and immigration stances are his own identity. The remarks didn’t mention border security or creating a pathway to citizenship, typical talking points of Gallego on the trail.

Persons: Ruben Gallego, “ Ruben Gallego, David Hathaway, Kari Lake, Gallego, Joe Biden, Kamala Harris, Donald “, Harris, AdImpact, —, ” Gallego, Jorge Maldonado, “, Trump, Biden, It’s, Marquette University Law Scott, Lake, Gallego “, ”, “ Ruben, “ I’ll Organizations: PHOENIX, Democratic Rep, Arizona Senate, GOP, Democratic, NBC News, NBC News ., Marquette University Law, NPR, PBS, Marist, Republican, Lake, Census, NBC, Harvard, Marines Locations: Mexico, Arizona, Santa Cruz County, Nogales, Arizona , Nevada, Georgia, Washington ,, United States, Washington, Colombian, Mexican, U.S, Chicago, Iraq

☆ Activist Trian has a few levers to pull to build shareholder value at Solventum
▼ + stars: | 2024-07-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: Solventum , formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1 . As a standalone company, Solventum has been under-covered and misunderstood by the market. There is also no shortage of examples of Trian being a valuable corporate governance-oriented investor and creating tremendous shareholder value from the board level. While Trian has a history of being an active shareholder, the firm has also created tremendous shareholder value as an engaged director. Moreover, if there is an opportunity to divest one or more businesses, shareholders would have comfort with a financially astute shareholder representative on the board to evaluate competing offers to assure the maximization of shareholder value.

Persons: Trian, Nelson Peltz, Peltz, Solventum, Pepper, Ingersoll Rand's, Russell, Ken Squire Organizations: Health, 3M, What's, Bloomberg, Dental Solutions, Information Systems, Electric plc, Kraft Foods, Dow, General Electric, GE, GE HealthCare, GE HealthCare Technologies, 13D Locations: Solventum

☆ The Supreme Court just made it easier for governments to remove unhoused people from public spaces
▼ + stars: | 2024-06-28 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewThe Supreme Court on Friday ruled that it's constitutional for local governments to make it illegal to sleep in public places, even when there isn't sufficient shelter space. The case — City of Grants Pass v. Johnson — is the most consequential the court has decided dealing with homelessness in decades. AdvertisementThe Supreme Court ruled that laws regulating sleeping in public places don't constitute cruel and unusual punishment. Homeless rights activists held a rally outside the U.S. Supreme Court on April 22, 2024, the day the court heard oral argument in City of Grants Pass, Oregon v. Johnson. An increasing number of cities and states across the country have passed laws — often anti-camping ordinances — similar to that in Grants Pass.

Persons: —, Johnson —, Justice Neil Gorsuch, Johnson, California —, Gorsuch, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Kevin Dietsch, Gavin Newsom, Newsom, Ron DeSantis, Jesse Rabinowitz Organizations: Service, Business, Circuit, Homeless, U.S, Supreme, Democratic, California Gov, Gov, National Homelessness Law Center Locations: Grants, Grants Pass , Oregon, Martin v, Boise, California, City, Grants Pass, Oregon, Florida

☆ Opinion | The Rise of Progressivism Among the Educated Elite
▼ + stars: | 2024-06-22 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Sins of the Educated Class,” by David Brooks (column, June 7):Mr. Brooks’s insightful column omits one problem. Many “elite” parents and students have never really interacted with “real” average Americans. Don’t only blame the students for their attitudes and behaviors; they are built into our societal structure. Current scholars at elite schools are deprived of the great daily lessons and educational opportunities that I had. Those who take advantage of such experiences would benefit greatly, and so would the country.

Persons: David Brooks, Brooks, Jim Webster Organizations: Army Locations: Chicago, N.Y

☆ The US military isn't ready for the coming drone war
▼ + stars: | 2024-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +18 min

The Department of Defense is working on initiatives to face the drone threat, but the US military doesn't yet appear ready to confront this ever-evolving challenge, especially on the scale seen in Ukraine. AdvertisementA US military MQ-9 Reaper drone waits for take-off at Kandahar Air Base in Afghanistan on March 9, 2018. US military leaders have repeatedly stressed there's no silver bullet to defeat small drones in battle. Shellie HallStudents there spend several weeks learning how to identify, engage, and defeat small drones. The drone threat draws certain parallels to fighting in Iraq and Afghanistan, where hidden bombs posed a tremendous threat.

Persons: GENYA SAVILOV, Mick Ryan, hasn't, you've, Franz J, Marty, Samuel Bendett, Paul Scharre, that's, Mike Parent, Mark Schauer, Parent, Paul Butcher, Cpl, Doug Bush, Amber Osei, Moseph Sauda, doesn't, Sauda, America's, Bram Janssen, Scharre, Justin Bronk, Jack Watling, Ryan Organizations: Business, Troops, of Defense, Department of Defense, Getty, Australian Army, Islamic State, Kandahar Air Base, Defense Ministry, Karabakh . Defense Ministry, Azerbaijan, AP, Pentagon, US Army, Aircraft Systems, Solutions, 71st Jaeger Brigade, US Army Yuma, Technology, Army, sUAS University, US Marine Corps, Force, Central Command, Shellie, National Training Center, US Army Air Defense Artillery, Center, New, New American Security, Base, London's Royal United Services Institute Locations: Russian, Ukrainian, Ukraine, prowling, Jordan, Chasiv Yar, Donetsk, AFP, Afghanistan, Armenia, Azerbaijan, Russia, Nagorno, Karabakh, Avdiivka, Yuma, East, Oklahoma's Fort Sill, California, Fort Sill, China, Luhansk Region, Europe, Iran, New American, Iraq, Washington, Bagram, Kabul, Australian

☆ A can of paint. Stolen license plates. Odd messages. How the FBI charged a Florida man with kidnapping his wife in Spain
▼ + stars: | 2024-05-09 | by ( Faith Karimi | Al Goodman | ) edition.cnn.com time to read: +7 min

But the FBI said this week they’ve arrested the mystery man who entered her Madrid apartment building that night: her estranged husband. Knezevich’s attorney, Kenneth Padowitz, told CNN in February that his client is innocent and “has never been to Spain.” Padowitz declined to comment Wednesday after Knezevich’s arrest. She was planning a trip to Barcelona with her friends on February 5, her brother told CNN, making her sudden lack of contact more concerning. Spanish firefighters entered her apartment for a welfare check and she was nowhere to be found, court documents said. And they were written with the help of another Colombian woman Knezevich had met on a dating app months earlier, court documents said.

Persons: Ana Maria Knezevich, Henao, they’ve, David Knezevich, he’d, Kenneth Padowitz, “, ” Padowitz, Knezevich, ” Henao, Padowitz, Ana Maria Knezevich Henao, Manu Fernandez, James Marshall, they’re, ” Marshall, ”, Sanna Rameau, ” Rameau, she’d, — Knezevich, Knezevich’s, CNN’s Pau Mosquera, Denise Royal, Carlos Suarez Organizations: CNN, FBI, Miami International Airport, EOX Technology Solutions Inc, Peugeot, AP FBI Locations: Madrid, Spain, Florida, Barcelona, Fort Lauderdale, Miami, Serbia, Spanish, Turkey, Belgrade, Salamanca, Colombia, Colombian, Bogota

☆ BlackRock's Larry Fink sees Social Security crisis, says 65 retirement age 'a bit crazy'
▼ + stars: | 2024-03-26 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

He said access to investing can help solve this conundrum, while also pondering if the expectation for everyone to receive Social Security benefits at age 65 has become archaic. Worsening the outlook is a Social Security system that's said it will not be able to pay full benefits by 2034. The 71-year-old believes the American retirement system has entered such a deep crisis that it has become a once-in-a-generation issue. That's because this both can benefit individuals and help ensure the long-term health of Social Security. Increasing lifespans create further difficulties when trying to improve the retirement system, Fink said.

Persons: Larry Fink, Fink, that's, it's, — Organizations: BlackRock, Social, Census Bureau, Security, Social Security Locations: America, Ottoman Empire

☆ Airport collisions and close call solutions include sleep science and redesigned runways to help air traffic controllers
▼ + stars: | 2024-02-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

The head of the FAA told Congress how its panel is examining sleep science to help. Despite the best efforts of pilots and air traffic controllers, sometimes collisions do happen. It said the captain was distracted and confused by instructions from air traffic controllers, while the co-pilot lost track of the plane's location. Air traffic control fatigueOne major cause of near-misses is the strained workload of air traffic controllers. "Air traffic controllers are being required to do mandatory overtime," she said.

Persons: —, Mike Whitaker, Whitaker, Rich Santa, Jennifer Homendy, Paul Rinaldi, Forbes, It's, Brad Surak Organizations: FAA, Service, New York Times, American Airlines, JFK, Delta Air Lines, JetBlue, Boston Logan International, Japan Airlines, Federal Aviation Administration, National Transportation Safety Board, National Air Traffic Controllers Association, Times, National Transportation Safety, Boeing Locations: Tokyo

Then, she vanished — two weeks ago, shortly after a man wearing a motorcycle helmet disabled the security cameras at her Madrid apartment building by spray painting the lenses. Records show they also own a home and two other Fort Lauderdale properties, one of those currently under foreclosure. Like I never had.”The Spanish friend got similar texts, the ones that appeared to have been translated by computer. Rameau and the Spanish friend then went to her building on Feb. 8, and learned from a clerk about the helmeted man painting the cameras. "I’m just desperate to find a reason for who could have done this.”___Spencer reported from Fort Lauderdale, Florida.

Persons: — Ana Maria Knezevic, ”, Sanna Rameau, Rameau, “, Joaquin Amills, David, Ana Knezevic, Ana’s, Juan Henao, David Knezevic's, Henao, Ana, Henao texted David, “ Let’s, David Knezevic, Neighbors, Firefighters, didn't, “ I’m, I’m, ” ___ Spencer Organizations: MADRID, Google, Associated Press, Police, American, Technology Solutions Inc, Records, Fort Locations: South Florida, Spain, American, Colombia, Madrid, Spanish, Fort Lauderdale, Serbia, Salamanca, Austria, Barcelona, Fort Lauderdale , Florida

☆ As homelessness spikes nationwide, at least 4 major cities have found ways to get people off the streets
▼ + stars: | 2024-02-08 | by ( Allie Kelly | Eliza Relman | ) www.businessinsider.com time to read: +4 min

Plans that strengthen infrastructure for temporary and permanent affordable housing, and increase local support for demographics most vulnerable to homelessness, were consistently successful. Building paths to permanent housing in those cities improved overall housing access, researchers said. But Seattle has higher rates of unsheltered homelessness, so resources were better directed to building more temporary housing options. Chicago and New York have seen longer-term success in reducing homelessness, but both saw a spike between 2022 and 2023. The main driver of homelessness is the severe housing shortage across the country, so the most fundamental solution is creating more affordable housing.

Persons: There's Organizations: Brookings Institution, Department of Housing, Urban, Seattle, Brookings Locations: Chicago, New York, Seattle, Philadelphia, Los Angeles , Oregon, New Jersey

Then, Kelce saw Oropeza's painting entitled “:13 seconds,” which depicted the dramatic finish to the Chiefs' game against Buffalo in 2022. “That right there,” Kelce told Oropeza, “looks familiar.”Oropeza's work has caught the attention of more than just Kelce in recent years. He's done commissions for Jarrod Dyson of the Kansas City Royals and the wife of former St. Louis Cardinals slugger Albert Pujols. “We are incredibly proud of our 60-plus-year connection to the Kansas City region,” Chiefs president Mark Donovan said in a statement. Those are just some of the small businesses that have benefited from what has become a robust Chiefs industry.

Persons: — Anthony Oropeza, Travis Kelce, Kelce, Satchel Paige, ” Kelce, Oropeza, “, He's, Jarrod Dyson, Albert Pujols, Patrick Mahomes, ”, Mark Donovan, Go Taylor, Taylor Swift, Charlie Hustle, Dolce, Andy Reid, ” Dolce, Erin Brown, ” Brown, Jason Kelce, Reid, Andy Reidcicle, “ It's, ” Oropeza, Travis Organizations: of Fame Negro, Chiefs, Buffalo, AFC, Kansas City Royals, Louis Cardinals, San Francisco 49ers, Econsult Solutions, Arrowhead, ” Chiefs, Kansas, ” Dolce Bakery, Super, Kansas City, Ravens, Vegas, ”, Bills, Eagles, Miami Locations: Kan, Kansas City, Cleveland, Prairie Village , Kansas, Kansas, Las Vegas, Liberty , Missouri

All were found to be within U.S. federal standards, said Don Gregoire, water director for St. Croix. Despite those findings, people on St. Croix remain concerned. At least 1,270 people on St. Croix have been screened. Authorities plan to extend the screening to the islands of St. Thomas and St. John by the end of January, said Reuben Molloy, acting commissioner for the U.S. Virgin Islands Health Department. On Thursday, officials will start distributing free water filters as they continue to test water samples taken from homes and businesses across St. Croix.

Persons: St . Croix, Joe Biden, Don Gregoire, Croix, Shirley Smith, Thomas, John, Reuben Molloy, St . Croix ., Noel Hodge, Gregoire, “, we’ve, ”, “ It’s, Harold Mark Organizations: JUAN, U.S . Virgin Islands, U.S . Virgin, U.S . Environmental Protection Agency, St, Authorities, U.S . Virgin Islands Health Department, and Power Authority, ”, Department of Natural Resources Locations: Puerto Rico, St . Croix, U.S, St ., St

☆ Exclusive: Jacobs poised to merge government consulting unit with Amentum
▼ + stars: | 2023-11-16 | by ( David Carnevali | ) www.reuters.com time to read: +3 min

REUTERS/Joe Skipper/File Photo Acquire Licensing RightsNov 16 (Reuters) - Engineering consultant Jacobs Solutions Inc (J.N) is in advanced talks to merge its government consulting arm at a valuation of more than $4 billion with private equity-owned Amentum Services Inc, people familiar with the matter said on Thursday. Under the terms discussed, Amentum would merge with Jacobs' Critical Mission Solutions (CMS) business to create a new publicly traded company that would be majority-owned by Jacobs' shareholders, the sources said. Jacobs, Amentum, Lindsay Goldberg and American Securities did not immediately respond to requests for comment. The deal with Amentum would free up resources for Jacobs to focus on its people and places solutions division, which provides transportation and environmental consulting to government entities and private sector clients, and PA Consulting, a management consulting business advising across several sectors. Amentum provides technical and advisory services to government clients including the Air Force and NASA, as well as commercial clients such as ExxonMobil (XOM.N) and Caterpillar (CAT.N).

Persons: Joe Skipper, Amentum, Jacobs, Lindsay Goldberg —, Lindsay Goldberg, Robert Pragada, Artemis, Aecom, PAE, David Carnevali, Lisa Shumaker Organizations: Kennedy Space Center, REUTERS, Engineering, Solutions Inc, Amentum Services Inc, Jacobs, American Securities, NASA, PA Consulting, Air Force, ExxonMobil, Caterpillar, Thomson Locations: Cape Canaveral , Florida, U.S, New York

☆ Learn how to drive performance on TikTok from these award-winning brands
▼ + stars: | 2023-11-10 | by ( Sponsor Post | Created Tiktok For Business With Insider Studios | ) www.businessinsider.com time to read: +9 min

Additionally, there was a significant boost in searches and sales on search channels during the TikTok campaign, with a remarkable 4x increase in daily searches compared to the pre-campaign period. The brand then leveraged TikTok's new end-to-end automation solution Smart Performance Campaign, which maximizes delivery outcomes for businesses. ERGO's campaign shows the effectiveness of scaling your TikTok ad creative to combat fatigue and drive results. If you'd like to learn more about TikTok and the TikTok Ad Awards, sign up for their newsletter. Read about the winners of the Greatest Creative category at the TikTok Ad Awards 2023.

Persons: TikTok, PureGym, Italy Ray, Cosmétiques, Read Organizations: Agency, Nepa, Value Media, Mobile, Orange, Spain ING, Señora, Banking, ING, CPA, Business, Insider Studios Locations: Europe, Germany, France, Italy, Spain, Poland, TikTok

[1/4] A view of the turbines at an offshore wind farm near Nysted, Denmark, September 4, 2023. Time is short: The EU has a legally binding goal to nearly double renewable sources as a share of total energy by 2030, to 42.5%, requiring a rapid expansion of offshore wind. But of the governments surveyed, only Britain and Poland said they had invested or budgeted for steps to improve the security of offshore infrastructure. It requires a lot of effort from the government side," said Mattia Cecchinato, senior adviser for offshore wind at WindEurope. It said it would establish a permanent coast guard base close to where offshore wind farms are planned.

Persons: Tom Little, Thomas Almegaard, Vladimir Putin, Mads Nipper, Orsted, Ewa Skoog Haslum, James Appathurai, Germany's RWE, Anitta, Mattia Cecchinato, Rasmus, Krzysztof Jaworski, Orsted's Errboe, Benjamin Mallet, Riham, Elizabeth Piper, Toby Sterling, Andrius Sytas, Marek Strzelecki, Sara Ledwith Organizations: REUTERS, Reuters, Baltic Seas, EU, NATO, NewNew, Sweden's, Soaring, Emerging, Research, Solutions, Internal, Fund, Military, Naval Operations Centre, Polish Navy, Thomson Locations: Nysted, Denmark, Europe, Baltic, Nord, Finland, Sweden, Estonia, Russian, Russia, NewNew Shipping, Netherlands, Britain, Poland, Germany, North, Swedish, Copenhagen, Moscow, Sofia, European, Anitta Hipper, Belgium, Norway, France, Lithuania, Latvia, Baltic . Poland, Paris, Berlin, London, Amsterdam, Vilnius, Warsaw

“Today we are again facing a crisis in the Middle East that could once again shock oil markets," said IEA Executive Director Fatih Birol. That comes on top of the stress on energy markets from Russia's cutoff of natural gas to Europe over its invasion of Ukraine, he said. Political Cartoons View All 1215 ImagesFossil fuel prices are down from 2022 peaks, but “markets are tense and volatile," said the IEA in the report. “Some of the immediate pressures from the global energy crisis have eased, but energy markets, geopolitics, and the global economy are unsettled and the risk of further disruption is ever present,” it said. “We have solar, wind, nuclear power, electric cars.

Persons: Fatih Birol, “, ” Birol, Birol, ” Organizations: International Energy Agency, Associated Press, Hamas, Israel, Nations, IEA, AP Locations: FRANKFURT, Germany, Gaza, Europe, Ukraine, Israel, China

☆ US Private Equity Firms Challenge Amentum in Race for Jacobs Unit -Sources
▼ + stars: | 2023-10-04 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By David CarnevaliNEW YORK (Reuters) - U.S. buyout firms Veritas Capital and Platinum Equity are vying to acquire Jacobs Solutions Inc's government consulting business, competing against rival contractor Amentum, according to people familiar with the matter. Dallas-based Jacobs is seeking final offers this week for the unit, which is known as Critical Mission Solutions (CMS), and could be valued at more than $4 billion, the sources said. Veritas and Platinum Equity plan to make all-cash offers, while Amentum's private equity owners Lindsay Goldberg and American Securities intend to offer Amentum shares as part of their bid, the sources added. Veritas and Platinum Equity did not respond to requests for comment. These operations generated $10.5 billion in revenue in Jacobs' latest fiscal year.

Persons: David Carnevali, Amentum, Jacobs, Lindsay Goldberg, Robert Pragada, Artemis, Cynthia Osterman Organizations: Veritas Capital, Equity, Jacobs Solutions, Veritas, American Securities, CMS, NASA, PA Consulting Locations: Dallas, New York

☆ These stocks could break out to new highs if the Fed is viewed as market-friendly
▼ + stars: | 2023-09-20 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Some stocks that were trading near 52-week highs before the Fed decision could now ride the coattails of the latest interest rate decision and move higher. Boston Scientific's previous 52-week high stood at $54.99 . Meanwhile, credit card giant Mastercard is well within striking range of a new 52-week high, with shares only 1.21% away from the benchmark. Some stocks that were trading near 52-week highs before the Fed decision could now ride the coattails of the latest interest rate decision and move higher. Consensus analyst estimates forecast a 10.4% rally to Arch Capital stock.

Persons: yearend, Jerome Powell, Drew Angerer, Baker Hughes Organizations: Fed, Federal, CNBC, CNBC Pro Stock, Boston Scientific, Boston Scientific's, Boston, Mastercard, Arch Capital, Arch Capital Group, . Federal, Federal Reserve, Washington , D.C, Getty, Capital Group, AIG American International Group, Amphenol, Bunge, Boston Scientific Corp, Design Systems, Everest Group, Emerson Electric Co, HAL Halliburton, ICE, Exchange, Jacobs Solutions, Mckesson, E Corp, Services, Constellation Brands, Targa Resources Corp, Visa Locations: Washington ,

SACRAMENTO, Calif. (AP) — Sacramento’s top prosecutor is suing the city’s leaders over failure to cleanup homeless encampments, escalating a monthslong dispute with leaders in California’s capital city. A group of residents and business owners also filed a companion lawsuit against the city. The lawsuit includes accounts from dozens of city residents living around 14 encampments. Roughly three-quarters of the county’s homeless population is unsheltered, and the majority of that group are living on Sacramento streets. City Attorney Susana Alcala Wood's office has also repeatedly urged Ho to work with the city to address the issue, she said.

Persons: —, Attorney Thien Ho, Ho, ” Ho, Darrell Steinberg, Steinberg, ” Steinberg, ”, Susana Alcala Wood's, Alcala Wood, he’s, Emily Webb, “ We're, “, ” Critics Organizations: Attorney, Sacramento County, Sacramento, City, ” Locations: SACRAMENTO, Calif, California’s, . County, Sacramento, California

☆ The popular clothing brand Everlane slashed its carbon emissions by 22% with help from a high-tech startup. Companies all over the world are racing to do the same.
▼ + stars: | 2023-09-08 | by ( Érica Carnevalli | ) www.businessinsider.com time to read: +10 min

In 2021, the clothing brand teamed up with the carbon-accounting startup Watershed to track carbon emissions, mostly from Everlane's supply chain, using data collection. Everlane is one of several companies using carbon-accounting startups to track emissions and put a dollar amount on their carbon footprints. Investment by venture-capital firms in carbon-accounting startups surged from $60 million in 2020 to $767 million in 2022, according to PitchBook. But it's challenging to precisely monitor this since companies' emissions are not the same, and they often overlap. The startup works with small, midsize, and enterprise companies, including Virgin Atlantic.

Persons: Everlane, Katina, Maria Fujihara, Fujihara, Amelia Penniman, Benchimol, Lauren Gifford, Gifford, DoorDash, Michael Thornton, Thornton Organizations: Service, Fortune Business, Sinai Technologies, Bayer, Siemens, SINAI Technologies, Investment, BlackRock, Walmart, Greenhouse Gas Management Institute, US Environmental Protection Agency, International Energy Agency, Carbon Analytics, Greenhouse, Greenhouse Gas Management, Securities and Exchange Commission, Carbon Solutions, Colorado State University, Virgin Atlantic Locations: Sequoia, Airbnb, Sinai

☆ What are China's 'sponge cities' and why aren't they stopping the floods?
▼ + stars: | 2023-08-10 | by ( David Stanway | ) www.reuters.com time to read: +4 min

The "sponge city" initiative was designed to make greater use of lower-impact "nature-based solutions" to better distribute water and improve drainage and storage. A total of 30 pilot sponge cities were selected in 2015 and 2016. By last year, only 64 of China's 654 cities had produced legislation to implement sponge city guidelines, researchers said in January. Even if sponge city measures had been implemented in full, they would have been unable to prevent this year's disasters. This year's heavy rain hit cities in the normally arid north, where sponge city development is less advanced.

Persons: David Stanway Organizations: REUTERS, Thomson Locations: Poyang county, Jiangxi province, China, Zhengzhou, Henan province, Beijing

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