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CNN —Moving from Tehran to the more northerly lakeside city of Rasht aged 13, Khashayar Javanmardi’s youth was punctuated by weekends and extended holidays on the Iranian coastline of the Caspian Sea. “As an artist, I’ve always wanted to be an honest witness.”Locals call it the lake "Mother Caspian." Khashayar Javanmardi 2024 courtesy Loose JointsThe book oscillates between landscapes, portraits and the quiet scenes that fit somewhere in the middle. Khashayar Javanmardi 2024 courtesy Loose Joints“A question that I asked people was, ‘what is the role of the Caspian in your life?’,” said Javanmardi, who began working on the project at Iran’s Anzali Lagoon. Khashayar Javanmardi 2024 courtesy Loose JointsDespite the recklessness of higher political powers, during his travels Javanmardi found a sense of community in the people he met.
Persons: Khashayar, reminisced, Javanmardi, , I’ve, Nathalie Herschdorfer, Caspian, , , , ” Javanmardi, “ I’ve, Organizations: CNN, UN, Elysée Museum, Environment Department Locations: Tehran, Rasht, Europe, Asia, Iran, Russia, Azerbaijan, Kazakhstan, Turkmenistan, Lausanne, Switzerland, Ukraine, Kiashahr Port
Major tech companies are investing in nuclear power to support AI data centers. Nuclear energy provides clean, constant power for data centers. AdvertisementTech companies are turning to nuclear power to advance their AI ambitions. Aside from generating enormous amounts of power, nuclear power is also an attractive choice for companies hoping to meet global net zero goals. AdvertisementHere's a closer look at how tech companies are investing in nuclear energy.
Persons: , Kathryn Huff Organizations: Service, Tech, Google, Companies, University of Illinois, Department of Energy Locations: University of Illinois Urbana, Champaign
The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.
Persons: , Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
Products displayed at the Schneider Electric SE booth at the International Photovoltaic Power Generation and Smart Energy Expo in Shanghai, China, on Thursday, June 13, 2024. The chief executive of French power-equipment maker Schneider Electric said on Thursday that the firm's $850 million deal to take a controlling stake in U.S.-based liquid cooling company Motivair will help to bolster its offering to fast-growing and energy-intensive data centers. "We've always said we are going to be agile in respect to acquisitions and targets out there that fit exactly into the strategy of Schneider Electric," Schneider Electric CEO Peter Herweck told CNBC's "Squawk Box Europe" on Thursday. Herweck said the all-cash deal to acquire an initial 75% controlling interest in the equity of Motivair, which was announced on Thursday, was "rich, but not overly expensive" and "fits great" with the firm's strategy. The acquisition takes place as a global rush for the next wave of generative AI coincides with increasing public scrutiny on environmental concerns, with technology giants recently pivoting to nuclear in an attempt to power its AI ambitions.
Persons: We've, Peter Herweck, CNBC's, Herweck, — Sam Meredith Organizations: Schneider, International, Power, Smart Energy Locations: Shanghai, China, U.S
It used B-2 stealth bombers to target the underground sites. AdvertisementThe US on Wednesday targeted underground Houthi militia weapons stores in Yemen using long-range B-2 stealth bombers, damaging the group's capacity to attack international shipping lanes. AdvertisementIsrael is still mulling how to respond to Iran's attack, with some, including former Prime Minister Naftali Bennet, advocating for strikes on nuclear sites. The Washington Post on Monday reported that Israel's Prime Minister Benjamin Netanyahu told US President Joe Biden Israel wouldn't target Iran's oil or nuclear facilities. On Thursday, Brent crude futures were down 4 cents to $74.18 as investors waited to hear about developments in the Middle East.
Persons: , Lloyd Austin, Austin, Naftali Bennet, Austin's, they'll, Benjamin Netanyahu, Joe Biden Israel, Brent Organizations: US, Service, US Air Force, Hamas, Israel, Washington Post, Israel's, Brent Locations: Yemen, Iran, United States, Israel, Gaza, Red, Gulf
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRadiant Energy: Big tech’s energy needs see wave of countries embrace nuclear energyMark Nelson of Radiant Energy Group says that failsafe design considerations are baked into nuclear grid expansion.
Persons: Mark Nelson Organizations: Radiant Energy Group
Independent power producers Vistra , Constellation Energy and Talen Energy are positioned to benefit from a "paradigm shift" in electric demand from artificial intelligence data centers, according JPMorgan. "We see structural tailwinds, including manufacturing onshoring, broader electrification trends (transportation, heating, and more), as well [as] data center development underpinning a paradigm shift in power demand," Tonet and his team told clients in research report. Demand from tech companies for carbon-free power to drive their data centers will transform nuclear power and enable its owners to "command a substantial premium," they wrote. CEG 1Y mountain Constellation Energy shares over the past 12 months. TLN 1Y mountain Talen Energy stock over the past year
Persons: Jeremy Tonet, Tonet, Vistra Organizations: Constellation Energy, Talen, JPMorgan, Lone Star State, VST, Microsoft, Constellation, Amazon Web Services, Susquehanna, Energy Locations: Wednesday's, Texas, Pennsylvania
The price of oil could hit $120 a barrel by early 2025, according to Citi. AdvertisementOil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. The forecast is Citi's bull case for oil, which hinges on conflict in the Middle East escalating and sparking disruptions to supply. Oil prices could fall as much as 33%, Saudi Arabia's oil minister said in a recent conference call, adding that he believed OPEC+ producers were pumping too much oil.
Persons: , Israel, Eric Lee, Lee, we're Organizations: Citi, Service, Brent, Yahoo Finance, United Arab Locations: Israel, Iran, Russia, Ukraine, Saudi Arabia, United Arab Emirates, OPEC, East, Saudi
Third Point's Daniel Loeb believes the odds are rising that former President Donald Trump will win the U.S. presidency this November over Vice President Kamala Harris and the influential hedge fund manager is increasing positions that would benefit under a Republican administration and Congress. But Loeb in his quarterly missive said he was increasing both "stock and option purchases" to bet on the Trump win scenario. Loeb is not alone on Wall Street in making those bets with JPMorgan most recently highlighting gains in bank stocks and the U.S. dollar as signs more investors see a Republican win. The fund gained 4% last quarter, according to the letter, also trailing the market. But he sees the improvement in market breadth that began in the third quarter continuing, especially under a Republican administration.
Persons: Point's Daniel Loeb, Donald Trump, Kamala Harris, ", Loeb, Harris, missive, Biden, CNBC's Scott Wapner Organizations: U.S, Republican, CNBC, Biden, NBC, Trump, JPMorgan Locations: U.S, Danish
Wendy's "SpongeBob SquarePants" collab features a new burger and a pineapple-flavored Frosty. When I ordered the meal, The Krabby Patty came with tasty toppings and a tangy signature sauce. Wendy's teamed up with Paramount, which owns Nickelodeon, and "SpongeBob SquarePants" to celebrate the cartoon series' 25th anniversary with a limited-time-only meal collaboration, which launched on October 8. "The Wendy's Krabby Patty is just a standard Wendy's burger with different sauce." This is what I thought of Wendy's new Krabby Patty meal.
Persons: SpongeBob, Patty, , Wendy's, Wendy, Mufasa, Scar Organizations: Service, Nickelodeon, Paramount, Daily Mail, Business, gripes
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig tech adopting nuclear energy tells us where they see Gen AI demand will be: CIOJonathan Curtis from Franklin Equity Group talks about the emerging trends of big tech companies adopting nuclear energy to power their AI businesses.
Persons: Jonathan Curtis Organizations: Franklin Equity Group
President Volodymyr Zelenskyy unveiled his much anticipated “victory plan” on Wednesday, calling on his allies to take urgent steps to bolster Kyiv at a precarious moment in a bid to end the war with Russia next year. His plan proposed establishing a “comprehensive non-nuclear strategic deterrence package” inside Ukraine to protect against threats from Russia and to destroy its military power. Zelenskyy said it was imperative Kyiv’s partners remained united. “If we start moving on this victory plan now, we may be able to end the war by next year at the latest,” he said. Zelenskyy said he would travel to a summit of European Union leaders in Brussels on Thursday to present his plan.
Persons: Volodymyr Zelenskyy, Putin, , Zelenskyy, Kyiv’s, Roman Pilipey, Donald Trump, Joe Biden, Honcharenko, , Organizations: Kyiv, NATO, 24th Mechanized Brigade, Ukrainian Armed Forces, AFP, Getty, North, Republican, Union, Storm Locations: Russia, U.S, Europe, Donetsk, Ukraine, Pokrovsk, AFP, West, Iran, Moscow, Russian, United States, Russia’s Kursk, Brussels, Washington, Britain, France, Italy, Germany, Kurakhove, Roman
Amazon Web Services is investing over $500 million in nuclear power, announcing three projects from Virginia to Washington State. Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. An estimated 70% of the world’s internet traffic travels through Data Center Alley each day. “Small modular nuclear reactors will play a critical role in positioning Virginia as a leading nuclear innovation hub,” said Virginia Gov. “Amazon and X-energy are poised to define the future of advanced nuclear energy in the commercial marketplace,” said X-energy CEO J. Clay Sell.
Persons: It’s, there’s, , Matthew Garman, Bob Blue, Glenn Youngkin, Youngkin, Garman, Ken Griffin, Clay Organizations: Amazon, Services, Washington State, AWS, Amazon’s, Dominion Energy, Nuclear, Google, Kairos, Constellation Energy, Microsoft, Dominion, Gov, Energy, Fund, Citadel, Ares Management Corporation, NGP, University of Michigan, Talen Energy, Susquehanna Steam Electric Locations: Virginia, Washington, Dominion’s, SMRs, ” Virginia, U.S, Northern Virginia, Loudon County, Washington State, Northwest, Maryland, Salem Township , Pennsylvania, Talen
• Israel’s plan to respond to Iran’s October 1 attack is ready, a source familiar with the matter told CNN. • Israel is opposed to a “unilateral ceasefire” in its war with Hezbollah in Lebanon, Netanyahu said. Hezbollah has called on Israelis to accept a ceasefire or face “pain,” suggesting it would ramp up attacks further south in Israel. • Israel has struck Beirut’s southern suburbs for the first time in several days. The Israeli military said it struck Hezbollah weapons in an underground storage facility.
Persons: , Benjamin Netanyahu, Israel, Netanyahu Organizations: CNN, UN Locations: Lebanon, Israel, • Israel, Gaza
The UN has warned that Israel is effectively sealing off northern Gaza and may be carrying out a “large-scale forced transfer” of civilians, which it said would amount to a war crime. • Hezbollah’s deputy secretary general called on Israelis to accept a ceasefire in Lebanon or face “pain,” suggesting it would ramp up attacks further south in Israel. Israeli Prime Minister Benjamin Netanyahu has vowed to keep striking Hezbollah targets across Lebanon, including in Beirut. • The number of Israeli attacks in Lebanon has topped 10,000, Lebanese authorities said. • Israeli officials, including Netanyahu, have assured the US that a counterstrike on Iran would be limited to military targets rather than oil or nuclear facilities, according to a source.
Persons: Biden, • Hezbollah’s, Benjamin Netanyahu, Netanyahu Organizations: UN Locations: Gaza, Israel, Lebanon, Israeli, Beirut, , Iran
London CNN —For consumers still scarred by jumps in their energy bills in recent years, the International Energy Agency has good news: Oil and natural gas prices will probably be lower over the next five years. Energy prices soared in the wake of Russia’s full-scale invasion of Ukraine in February 2022, which followed a rise in global demand as economies reopened after Covid lockdowns put lives on hold. And that “would move us into a very different energy world from the one we have experienced in recent years during the global energy crisis,” he added in a statement accompanying the IEA’s latest World Energy Outlook report. But global oil output has been increasing, thanks mostly to producers in the United States and other countries in the Americas. The energy body reiterated its previous forecasts that demand for oil, natural gas and coal will peak by the end of the decade.
Persons: Covid lockdowns, Ukraine don’t, Fatih Birol, Birol, ” Birol, Organizations: London CNN, International Energy Agency, Energy, Brent, IEA, US, CNN, Locations: Ukraine, United States, Americas, Qatar
Ukraine CNN —The spluttering roar of a propeller punctuates the perfect silence. Serge said he had personally overseen more than 500 long-range drone attacks into Russia since its full-scale invasion of Ukraine in February 2022. CNN spent two days traveling across the country with the drone unit as it prepared to launch more than 100 drones overnight into September 29 on a mission into Russia. Sources told CNN in September that Tehran had recently completed the delivery of short-range ballistic missiles to Russia. In September, the unit’s drones hit a Russian ammunition depot between Moscow and St. Petersburg, in Tver region.
Persons: , Serge, GUR, Abbas Araghchi, Vladimir Putin, Vector, it’s, “ We’re, Putin, ” Serge, Sebastian Shukla, Daria Tarasova, CNN “, , Organizations: Ukraine CNN, CNN CNN, UAV Unit, CNN, Iran’s, Maxar Technologies, Maxar, Ukraine, Vector, Pilots, Russian Telegram, Russia –, Technologies Locations: Ukraine, GUR, Russia, Tehran, Iran, Kotluban, Volgograd, Russian, Moscow, St, Petersburg, Tver region, Toropets, United, Ukrainian, Ukraine’s, Donetsk, Luhansk, Kyiv, Russia – Voronezh, Yesk, Rostov, Voronezh
The timeline and parameters of Israel’s retaliation against Iran have been subject to intense debate inside Israel’s government and are not directly related to the timing of the US election, the sources said. President Joe Biden, and by extension Vice President Kamala Harris, have faced pressure from progressives for their handling of the situation. In a telephone conversation last week, Biden and Netanyahu held a “direct” conversation about the plans for responding to Iran, according to the White House. American officials were extraordinarily tight-tipped about the two leaders’ conversation. Some American officials have privately speculated the Israeli leader is looking to boost Trump in the weeks ahead of November’s election.
Persons: Benjamin Netanyahu —, , Joe Biden, Kamala Harris, Donald Trump, Antony Blinken, Lloyd Austin, Israel, Harris, Netanyahu, Biden, John Kirby, , ” Kirby, Austin, wasn’t, Organizations: Washington CNN —, CNN, Michigan, Biden, White, US, Trump Locations: Israel, Iran, Gaza, United States
CNN —Ukrainian President Volodymyr Zelensky presented his long-anticipated “Victory Plan” to Ukrainian parliament on Wednesday, after failing to drum up additional, tangible support last week during meetings with European allies. It also outlines provisions to strengthen Ukraine’s defense, implement a non-nuclear strategic deterrence package and grow Ukraine’s economy. The Ukrainian president first presented the victory plan to US President Joe Biden during a September visit to the White House. Ukraine's plan includes a new proposal for deploying a non-nuclear strategic deterrence package on its soil. Zelensky’s final pillars for peace are to grow Ukraine’s economic potential and look ahead to a post-war plan.
Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, Joe Biden, Biden, , Dmitry Peskov, Jens Stoltenberg, , CNN’s Clare Sebastian, Anna Chernova Organizations: CNN, Atlantic Treaty Organization, NATO, Ukraine, EU, , European Union, Kyiv Locations: Russia, Kyiv, Ukraine, United Kingdom, France, Italy, Germany, Donetsk, Europe, NATO, Russia’s Kursk
Kairos Power CEO on nuclear power deal with Google
  + stars: | 2024-10-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKairos Power CEO on nuclear power deal with GoogleMike Laufer, Kairos Power co-founder and CEO, joins 'Squawk on the Street' to discuss competition in the small modular reactor space, the industry's pressing power needs relative to the building plans for nuclear energy, and much more.
Persons: Google Mike Laufer, Kairos Organizations: Kairos, Google
The first sites in Washington and Virginia would provide carbon-free energy to meet growing demand. Amazon's announcement follows recent investments in nuclear energy from Microsoft and Google amid the AI boom. Advertisement"We need smart solutions that can help us meet growing energy demands while also addressing climate change," Amazon's vice president of global data centers, Kevin Miller, said in a statement. The first sites in Washington and Virginia would provide carbon-free energy to meet growing demand through partnerships with Energy Northwest and Dominion Energy, respectively. Constellation Energy has struck a deal to provide Microsoft with nuclear power by reopening the Three Mile Island plant.
Persons: , Ken Griffin, Kevin Miller, Organizations: Microsoft, Google, Service, Tech, Amazon, AWS, Citadel, Ares Management Corporation, NGP, University of Michigan, Energy Northwest, Dominion Energy, E, Constellation Energy, Susquehanna, Electric, IEEE Spectrum, Dow Locations: Washington, Virginia, Pennsylvania, New Jersey , Ohio, Texas
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech is finally stepping up to be leaders in nuclear, says Radiant Energy's Mark NelsonMark Nelson, Radiant Energy Group managing director, joins CNBC's 'Squawk Box' to discuss the future of energy as big tech goes nuclear, his timeline for AI pushing nuclear growth, and more.
Persons: Radiant, Mark Nelson Mark Nelson Organizations: Tech, Radiant Energy Group
North Korea got a good deal by sending its officials to help Russia's Ukraine war, experts said. In a discussion on Monday, Ukrainian President Volodymyr Zelenskyy said: "North Korea has, in fact, entered the war," per state-run outlet United24 Media. Even limited numbers of North Korean officials aiding Russia offers a vital boost for Kim Jong Un and his regime, experts told Business Insider. "It's a win-win situation," Joseph S. Bermudez Jr., a North Korea defense expert at the Center for Strategic and International Studies, said. Among the North Korean elite, there's also a hunger for consumer goods, which Russia's support can help to provide, Bennett said.
Persons: , Kim Jong Un, Volodymyr Zelenskyy, Kim, Joseph S, Bermudez Jr, He's, Bruce W, Bennett, Bermudez, they're, there's, Vladimir Putin Organizations: Service, Business, United24, Washington Post, Kremlin, North, Russia, Center for Strategic, International Studies, RAND, North Korean, Carnegie Endowment, International, Foreign Relations Locations: Korea, Ukraine, Russia, Ukrainian, North Korea, North Koreans, Koreans, Kyiv, Pyongyang, Moscow
Egypt and Bangladesh are among 22 countries deemed “safe” by Italy, a designation that prevents their nationals from qualifying for political asylum, with few exceptions. Under the protocol signed between Italy and Albania last year, those sent to Albania must not show signs of torture, illness or vulnerability or be part of nuclear families traveling together. Those brought directly to Italy instead would fall under EU regulations, which involve a lengthy asylum process. If they are denied asylum in Italy, they will then be deported back to their countries of origin at Italy’s expense. More than 1 million migrants have made it to Italy by sea from North African ports since 2014, according to Italian government statistics and UNHCR.
Persons: Italy CNN —, Giorgia Meloni, Meloni, Guglielmo Mangiapane, Filippo Ungaro, , , Marta Welander, Welander Organizations: Italy CNN, Italy’s Coast Guard, EU, Italian Coast Guard, Italian Navy, Italian, Albanian, UN, UNHCR, UNHCR’s, CNN, “ UNHCR, , Rescue, UN’s, Organization for Migration Locations: Rome, Italy, Shengjin, Italian, Libya, Egypt, Bangladesh, Albania, Europe, UNHCR’s Italy, EU, Spain, North
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