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☆ This utility is one of the best performing stocks in the market with room for more AI demand upside
▼ + stars: | 2024-07-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

A Texas-based power company that only joined the S & P 500 two months ago is the third-best performing stock in the index this year, boosted by the same demand for everything connected to artificial intelligence. Fast forward to today and Vistra stock has soared 139% this year, adding $18.5 billion to its market cap, which now totals $32 billion, according to FactSet data. "We are always surprised when you see a move the size that we've seen, but I think it's been a long time building," Jim Burke, CEO of Vistra, told CNBC's "Closing Bell" Tuesday. Vistra also owns nuclear power plants, one of the most in-demand power sources in the 2024 market because reactors burn no fossil fuel and emit no greenhouse gases . Guggenheim has a buy rating on Vistra stock with a price target of $133, implying 44% upside from Wednesday's close of $92.31.

Persons: Jim Burke, CNBC's, we've, Burke, Vistra, Shahriar Pourreza, Pourreza, they'll, Guggenheim, Vistra hasn't, Mark Nelson, Joseph Dominguez, Constellation's, aren't Organizations: Vistra Corp, Texas Utilities Co, Dynegy Inc, Computer, Nvidia, Nuclear, Guggenheim Securities, Energy, Guggenheim, CNBC, Amazon Web Services, Talen Energy, Constellation Energy, Wall Street, Radiant Energy, Constellation Locations: Texas, Irving , Texas, Dallas, Ohio, Pennsylvania, Energy Harbor, U.S, East Coast

☆ The Nasdaq looks ugly, giving many stocks in the broader market their time in the sun
▼ + stars: | 2024-07-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

However, most stocks were up with about 6 to 1 advancers to decliners on the New York Stock Exchange. The reverse happened Thursday as those stocks became a source of funds to buy the rest of the market, especially the housing stocks, solar stocks, real estate stocks, utilities, cyclical, and small caps. 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. Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2024 in New York City.

Persons: Jim Cramer, Russell, Banks, Wells, Morgan Stanley, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, Nasdaq, New York Stock Exchange, Meta, Palo Alto Networks, Big Tech, FedWatch, CPI, PPI, JPMorgan, Citigroup, Jim Cramer's Charitable, Traders, Getty Locations: decliners, Wells Fargo, New York City

☆ Is women’s track the next sport ready to boom? Alexis Ohanian is betting on it
▼ + stars: | 2024-07-11 | by ( Marcus Thompson Ii | ) www.nytimes.com time to read: +9 min

Alexis Ohanian, at his first-ever track and field event, found himself transported. So he didn’t need to experience track to spark his motivation to invest in track. Gabby Thomas and Alexis Ohanian speak at the Athlos announcement in April. AdvertisementKipyegon is one of those gems of women’s track. Winning an Athlos event will pay $60,000.

Persons: Alexis Ohanian, Serena Williams, Gabby Thomas, He’d, Thomas ’, Spencer McManes, ” Ohanian, Reddit, Ohanian, Athlos, Sha’Carri Richardson, Sydney McLaughlin, Levrone, Shelly, Ann Fraser, Pryce, Athing Mu, Alica Schmidt, Elsa, Getty, Athlos ’, Thomas, “, Alexis Holmes, Kipyegon, Let’s, ”, Noah Lyles, Richardson, Jakob Ingebrigtsen, Michael Johnson, it’s, “ I’ve, Andy Lyons Organizations: Paris Games, Wimbledon, Hayward Field, University of Oregon, U.S, Angel City Football Club, Angel City FC, —, Harvard, Olympics, Diamond League, sport’s, Athletics, Netflix, de France —, Getty Locations: New York City, Germany, New York, United States, America, Paris, Athlos, Norwegian

☆ Stocks making the biggest moves premarket: Taiwan Semiconductor, Tesla, Carvana and more
▼ + stars: | 2024-07-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Though Goldman increased its price target, the investment bank remains neutral on Tesla, with the new price target implying about 5% downside from Tuesday's close of $262.33. Taiwan Semiconductor Manufacturing — Shares of the company, which makes semiconductor chips for AI giants including Nvidia and Apple, added 2%. Taiwan Semiconductor reported revenue from April-June this year of T$673.51 billion, as compared to the T$654.27 billion expected by analysts polled by LSEG, according to Reuters. 3M Company — Shares declined 1.2% after 3M announced its finance chief Monish Patolawala is leaving the company "to pursue another opportunity." The analyst's $77 price target implies a rise of 10.2% over the next 12 months.

Persons: Goldman Sachs, Tesla, Goldman, Monish Patolawala, Carvana, Needham, Jefferies, LegalZoom.com, Dan Wernikoff, LegalZoom, Lisa Han, Alex Harring, Spencer Kimball Organizations: Taiwan Semiconductor Manufacturing, Nvidia, Apple, Taiwan Semiconductor, LSEG, Reuters, 3M, Walmart —, Spotify Technology

☆ Zillow Gone Wild Is Making Weird Houses Popular and Easier to Sell
▼ + stars: | 2024-07-10 | by ( Michelle Mastro | ) www.businessinsider.com time to read: +10 min

While most people follow Zillow Gone Wild to gawk at the weird and bizarre features of other people's homes, some are looking to buy. And with Zillow Gone Wild and a host of other real-estate influencer accounts, a wild home is now easy to find. At the end of April, Leyendecker had a listing in Plymouth, Minnesota, posted on Zillow Gone Wild. Her guests are always amused to discover the home was listed on Zillow Gone Wild. "My husband was a little bit more reserved and nervous about sharing that the house was from Zillow Gone Wild.

Persons: Matt Kugizaki, Nick Levenhagen, Joshua, Nick, Kugizaki, Patrick Hasson, Levenhagen, Levenhagen aren't, Samir Mezrahi, Mezrahi, Kate Wagner, Los Angeles, Los Angeles Dodger Andre Ethier, Nick Leyendecker, Leyendecker, Hasson, Millennials, Ashley Spencer, it's, Spencer, home's, I've, Michelle Mastro, she's Organizations: House, HGTV, Los, Los Angeles Dodger, Homeowners Locations: Joshua Tree , California, Zillow, Gilbert , Arizona, San Luis Obispo , California, Colorado Springs , Colorado, Plymouth , Minnesota, Austin, Minneapolis

☆ Oil prices hold firm as OPEC sees solid demand on stronger economic growth this year
▼ + stars: | 2024-07-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Oil prices held firm Wednesday as OPEC sees solid demand supported by stronger economic growth this year. OPEC maintained its oil demand growth forecast of 2.2 million barrels per day for 2024. Here are today's energy prices:The oil market is waiting to see if U.S. inventory data will confirm expectations that the market is tightening. Summer fuel demand has had a soft start, but a big draw of 12.2 million barrels of crude and 2.2 million barrels of gasoline for the week ended June 28 indicated that activity was picking up. Analysts polled by Reuters expect crude stocks fell by 1.3 million barrels last week, and gasoline inventories declined by 600,000 barrels.

Persons: Tamas Varga, Varga Organizations: OPEC, Reuters, Department, Energy Locations: Stanton , Texas, Brazil, Russia, India, China, Israel, Houston

☆ Fans are wondering why Paul Mescal is playing Lucius in 'Gladiator 2' instead of Spencer Treat Clark. Ridley Scott explained his reasoning.
▼ + stars: | 2024-07-10 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewThe trailer for the "Gladiator" sequel dropped on Tuesday, leaving fans wondering why Paul Mescal plays slave fighter Lucius instead of Spencer Treat Clark, who played him in the original. Ridley Scott's "Gladiator" starred Russell Crowe as Maximus Decimus Meridius, a former Roman general who is betrayed and sold into slavery. The 2000 movie is one of the most beloved historical epics of all time and won five Oscars, including best film, best actor, and best director. But like Maximus, he's forced into becoming a fighter when he's captured by General Marcus Acacius (Pedro Pascal) and his soldiers. Representatives for Spencer Treat Clark did not immediately respond to Business Insider's request for comment.

Persons: —, Paul Mescal, Lucius, Spencer Treat Clark, Ridley Scott's, Russell Crowe, Maximus Decimus Meridius, Maximus, he's, General Marcus Acacius, Pedro Pascal, Scott, Mescal, Scott didn't, Clark, Joseph Dunn, Bruce Willis —, they're Organizations: Service, Business

☆ U.S. oil prices fall for third straight day as oil infrastructure recovers from Tropical Storm Beryl
▼ + stars: | 2024-07-09 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude oil prices fell for the third straight session on Tuesday, as Gulf Coast oil infrastructure appears to have avoided any substantial damage from Tropical Storm Beryl. On Monday, Beryl made landfall in Matagorda, Texas, as a Category 1 hurricane but later weakened into a tropical storm. Beryl has moved inland as a tropical depression and is now north of Shreveport, Louisiana, according to the National Hurricane Center. U.S. oil inventories fell by 12.2 million barrels for the week ended June 28, and gasoline stocks declined by 2.2 million barrels in a potential bullish sign for the market. Macquarie, however, is forecasting that oil inventories dropped by 1.2 million barrels last week, with the total balance "only modestly tighter than we had anticipated," according to a Monday note.

Persons: Beryl, John Evans, Shell, Evans Organizations: National Hurricane Center, Corpus Christi, Colorado State University, Traders Locations: Gulf, Matagorda , Texas, Shreveport , Louisiana, Corpus, Houston, Gulf of Mexico, Texas, U.S

☆ U.S. crude oil prices fall nearly 1% as market tracks path of Hurricane Beryl
▼ + stars: | 2024-07-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures fell nearly 1% Monday as traders monitored the impact of Hurricane Beryl on Gulf Coast refining, production and export infrastructure. Beryl made landfall near Matagorda, Texas as a Category 1 hurricane with maximum sustained winds of 80 miles per hour, according to the National Hurricane Center. Here are today's energy prices:Shell shut in production and evacuated personnel from its Perdido platform about 200 miles south of Galveston, according to a company statement Friday. The platform was producing roughly 100,000 barrels per day, about 5.5% of oil production in the Gulf of Mexico, according to Andy Lipow, president of Lipow Oil Associates. "I don't foresee this storm affecting either supply or price to any significant degree; the consumer will get their gasoline.

Persons: Hurricane, Beryl, Andy Lipow, Lipow Organizations: National Hurricane Center, Corpus Christi, U.S ., Shell, Lipow Oil Associates Locations: Matagorda , Texas, Matagorda, Corpus, U.S . U.S, Galveston, Gulf of Mexico

☆ Investors can nab attractive dividends with these high-quality stocks
▼ + stars: | 2024-07-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Those dividends may begin to look more attractive to investors as the Federal Reserve starts cutting interest rates. UBS compiled a list of global, high-quality dividend stocks using its quantitative models, as well as its fundamental analysts. "Throughout the process, we emphasise the stability and growth potential of dividend streams, as opposed to the current yield," analyst Claire Jones said. Investors can grab a 2.69% dividend yield with Home Depot . The oil giant boasts a 3.35% dividend yield and is up more than 11% so far this year.

Persons: What's, Claire Jones, Richard McPhail, Giovanni Staunovo, Brent, Jonathan Woloshin, Sempra, Jeffrey Martin, CNBC's Jim Cramer, Melissa Repko, Spencer Kimball Organizations: UBS, Federal Reserve, Depot, CNBC, Exxon Mobil, Exxon, Pioneer Natural Resources, CME Group, JPMorgan, Group, Utilities Locations: Saudi, Aramco

☆ Starbucks' plan for stock gains includes more than just discounts and value combos
▼ + stars: | 2024-07-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

He needs to execute better," Jim Cramer stressed, referring to Starbucks CEO Laxman Narasimhan, during the Investing Club's June Monthly Meeting . Then in mid-June, Starbucks launched its limited-time "Pairings Menu," which includes a $5 coffee-and-croissant combo and a $6 coffee-and-breakfast-sandwich deal. Order up Jefferies' Barish also raised questions about Starbucks' menu innovations, arguing its updated drink options are not driving sales as much as hoped. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: it's, Jim Cramer, Laxman Narasimhan, Jim, Rachel Ruggeri, Burger King, Jefferies, Andy Barish, Barish, TD Cowen, Cowen, Edward Lewis, Lewis, they're, Narasimhan, Ruggeri, Berry, Long, We've, Jim Cramer's, Spencer Platt Organizations: Starbucks, Taco Bell, Street, CNBC, Getty Locations: North America, Israel, Gaza, China, Burger, Manhattan, New York City

☆ Why you’re seeing lots of teens at work this summer — but still so many empty lifeguard chairs
▼ + stars: | 2024-07-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

New York CNN —Your kid’s summer camp is likely fully staffed. The shift is a refreshing change after the pandemic drove many teens away from working during their summer breaks. “Now I’m seeing parents pushing their kids to work again,” said Pritikin, who employs around 350 staff members each summer. Ten years ago, high school-aged camp staff made around $1,000 for an entire summer. Lifeguards prepare for the opening of the Astoria Pool in the New York City borough of Queens on June 27, 2024.

Persons: They’re, ”, Paul Harrington, That’s, it’s, Eric Brotherson, “, Brotherson, he’s, Andy Pritikin, Pritikin, weren't, Frank Burkhauser, Harrington, ” Andrew Challenger, Joshua A . Bickel, Eric Adams, Spencer Platt, Gregg McQueen, We’ll, ” McQueen, Adams, Tom Gill, ” Gill Organizations: New, New York CNN, Rhode Island College, Glenwood, Colorado Rockies, Liberty, Challenger, YMCA Camp Kern, American Lifeguard Association . New, New York City, CNN, United States Lifesaving Association, “ Lifeguard Locations: New York, Glenwood, Glenwood Springs , Colorado, rollercoasters, Liberty Lake, Bordentown, Mansfield Township , New Jersey, Oregonia , Ohio, American Lifeguard Association . New York City, New York City, Queens

☆ U.S. crude oil heads for fourth straight weekly gain on solid demand outlook
▼ + stars: | 2024-07-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil was little changed on Friday but was on pace for a fourth straight weekly gain as falling inventories show an uptick in demand. Oil market analysts have been forecasting a tighter market in the third quarter as summer fuel demand picks up. U.S. inventory data appeared to confirm those forecasts, with crude stocks declining by 12.2 million barrels and gasoline falling by 2.2 million barrels last week. UBS is forecasting that global oil demand will grow by 1.5 million barrels per day, or bpd, this year, above the long-term growth rate of 1.2 million bpd. "As such, we still believe Brent will likely reach the USD $90/bbl mark this quarter," Staunovo said.

Persons: Giovanni Staunovo, Brent, Staunovo Organizations: UBS, bbl, JPMorgan Locations: U.S

☆ Confessions from 5 women who've dated men in finance
▼ + stars: | 2024-07-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +14 min

Read previewLast week, I went looking for women dating men in finance. Here, five women with firsthand experience dating a man in finance share their experiences. Some women dating men with demanding jobs discussed the challenges, from getting stood up due to work running late and endless conversations about golf and money. AdvertisementShe said she understands why people trying to pursue relationships with men in finance might wonder: "Does this guy even like me? He's been 'saving' his entire life for meAniesia Williams — a 43-year-old entrepreneur and chief client officer for a tech firm Epigen — had little experience dating men in finance.

Persons: —, Megan Boni, Boni, David Guetta, Finance Bro, Boni's TikTok, They're, Cristina Vanko gravitates, Vanko, Goldman Sachs, Spencer Platt, bro, Weren't, they've, Bro, Bob Thomas, Getty, Summer, she's, hasn't, it's, TikTok, He's, Aniesia Williams, Epigen —, Williams, Dennis Morrow, Morrow, Aniesia Williams Williams Organizations: Service, Trust, Business, Finance, League, Labor Statistics, JPMorgan, Getty, Rolex, Washington DC, Hamptons, BI, Bank of America Locations: Patagonia, United States, NYC, Berlin, Los Angeles, Chicago, Boston, Washington, Bumble, Raleigh , North Carolina, Charlotte, Raleigh

☆ Oil prices hold firm as traders wait on U.S. stockpile data for signs of where demand is heading
▼ + stars: | 2024-07-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures held firm on Wednesday as traders waited for the latest round of U.S. inventory data for signs of whether gasoline demand is picking up. U.S. crude oil gained about 6% last month on expectations of a tighter third quarter with stockpiles forecast to draw down as summer fuel demand picked up. The Department of Energy will release the latest U.S. crude oil and gasoline stockpiles data at 10:30 a.m. Here are today's energy prices:Hurricane Beryl is barreling across the Caribbean and could hit the Texas Gulf Coast as a tropical storm on Saturday. "We used to think about hurricanes as unquestionably a potential bullish near-term development for oil markets, now the picture is not so clear," Croft told CNBC's "Last Call" on Tuesday evening.

Persons: Beryl, Helima Croft, Croft, CNBC's Organizations: Department, Energy, AAA, Texas Gulf, National Hurricane, RBC Capital Markets Locations: Caribbean, Texas Gulf Coast, U.S

☆ Natural gas is starting to resemble oil as a global commodity – here's why that matters and how to play it
▼ + stars: | 2024-07-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Natural gas has historically been a regional commodity, with supply limited by pipeline networks. "Natural gas is starting to resemble oil in that there's a more global market emerging for it," Antia told CNBC in an interview. The global capacity to liquefy natural gas has grown 60% since 2014, reaching 483 million metric tons annually as of February 2024, according to the IGU. Cheniere: LNG powerhouse The U.S. dominates the global LNG market, accounting for 21% of global exports last year and shipping 84 million metric tons, according to the IGU. Cheniere Energy , a global LNG leader based in Houston, is an opportunity for investors who want exposure to the growing global gas market, Antia said.

Persons: Shehriyar Antia, PGIM, Antia, Bernstein, Cheniere, Morgan Stanley, Biden, Mark Menezes, CNBC's, Menezes, Trump Organizations: Prudential Financial, CNBC, International Gas Union, Cheniere Energy, York Stock Exchange, Department of Energy, U.S, LNG, European Union, U.S . Department of Energy, European, United States Energy Association Locations: U.S, Houston, Cheniere's, of Mexico, Indonesia, China, India, Japan, South Korea, Europe, Asia, Russia, Moscow, Ukraine, United Kingdom, European Union

☆ Natural gas will have a 'huge impact' on the energy transition. Play the trend with these pipeline stocks
▼ + stars: | 2024-07-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Investors who want to support the energy transition should consider backing natural gas as a fuel that can "make a really huge impact" by replacing coal, according to a top analyst at asset manager PGIM. "Natural gas is very complementary to them, it is highly dispatchable and it is very low cost." The U.S. is the largest natural gas exporter in the world, according to the Energy Information Administration. "Pipelines offer a very different kind of risk/reward proposition for an investor than, say, a natural gas producer who is very exposed to the volatility of the natural gas price," Antia said. "When it comes to LNG infrastructure, Cheniere is a company that provides the infrastructure necessary to liquefy as well as re-gasifying natural gas," Antia said.

Persons: PGIM, Shehriyar Antia, Antia, Kinder Morgan, Williams Cos, Williams, Kinder Organizations: CNBC, Energy Information Administration, EQT Corp, Williams Companies, Wall Street, Argus, Energy Locations: Wells, China, India

☆ U.S. crude oil pulls back from two-month high as traders assess Israel-Hezbollah, Hurricane Beryl risks
▼ + stars: | 2024-07-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

An oil pump jack is shown in a field in Stanton, Texas, on June 27, 2024. U.S. crude oil pulled back from a two-month high Tuesday, as traders assessed the risk of war between Israel and Hezbollah, while monitoring the potential threat of Hurricane Beryl to Gulf Coast refineries. Oil has rallied in recent days with gasoline prices have hit an average of $3.50 per gallon ahead of the Fourth of July holiday, according to the motorist association AAA. Prices at the pump are about 3 cents higher than last week but still lower than last month. Oil prices gained 6% last month after sagging in May as geopolitical risk entered the market again.

Persons: Hurricane, Brent, Patrick De Haan, Andy Lipow Organizations: Oil, AAA, West Texas, Lipow Oil Associates, Hezbollah, Israel Defense Forces Locations: Stanton , Texas, Israel, Gulf Coast, Iran

☆ Tesla shares to get hit this quarter on lower demand and margins, predicts Wells Fargo
▼ + stars: | 2024-07-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Tesla shares are likely to take a hit in the third quarter as the company's strategy of boosting sales by slashing prices loses steam, according to Wells Fargo. TSLA YTD line Tesla Wells Fargo has an underweight investment opinion on Tesla and a price target of $120 per share, implying nearly 40% downside from Friday's close of $197.88. has plateaued, and Tesla faces aggressive competition in China from companies such as BYD, leaving "little immediate levers to pull to increase volumes," the Wells Fargo analysts said. The research team is also worried about the demand and profit margins for Tesla's smaller, mass-market Model 2. "We are cautious on margins given likelihood of more price cuts & lower volumes," the Wells analysts said.

Persons: Colin Langan, TSLA, Tesla Organizations: U.S . Electric, Wells Locations: Wells Fargo, EU, China, U.S

☆ U.S. crude oil rises, tops $82 per barrel ahead of Fourth of July holiday
▼ + stars: | 2024-07-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S., April 21, 2020. U.S. crude oil futures on Monday rose ahead of the Fourth of July holiday, after booking a 6% gain last month on the back of fears of a wider Middle East war and expectations of rising summer fuel demand. Though oil prices have been steadily rising, the average price for a gallon of gasoline stands at $3.49 nationwide, down about 5 cents from last month. Here are today's energy prices:Oil market speculators have added long positions, betting on higher prices as tensions between Israel and the Iran-backed Hezbollah militia in Lebanon have "proven to be a major driver of the strong price action of late," commodity strategists with TD Securities told clients in a note on Friday.

Organizations: Securities Locations: Cushing , Oklahoma, U.S, Israel, Iran, Lebanon

☆ Failure to meet surging data center energy demand will jeopardize economic growth, utility execs warn
▼ + stars: | 2024-06-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The expected demand from data centers and electric vehicles in the U.S. is equivalent to the entire electricity demand of Turkey, the world's 18th largest economy, according to Rystad. NextEra Energy , parent of Skantze's subsidiary, is the largest power company in the S&P utilities sector by market capitalization and it operates the biggest portfolio of renewable energy assets in the nation. They need this load to drive the next iteration of growth," Skantze told the Reuters Global Energy Transition conference in New York City this week. 'Energy security brings national security'Southern Company , the second-largest utility in the U.S. by market cap, is also seeing a historic wave of electricity demand. "You're also seeing in the Southeast, this incredible population growth and you're seeing all this onshoring with manufacturing."

Persons: Patrick T, Fallon, Surya Hendry, Petter Skantze, Skantze, John Ketchum, Ketchum, Chris Womack, Womack Organizations: Afp, Getty, Rystad Energy, Google, Microsoft, Meta, NextEra Energy Resources, NextEra Energy, Reuters, Energy, NextEra, Southern Company Locations: Los Angeles, U.S, Turkey, New York City, Atlanta, CBRE

☆ How Nathan’s Famous turned competitive eating into a national spectacle
▼ + stars: | 2024-06-29 | by ( Elise Hammond | Danielle Wiener-Bronner | ) edition.cnn.com time to read: +11 min

Each year, close to two million people watch Nathan’s hot dog eating contest on ESPN, according to the frankfurter brand. Boys participating in a pie eating contest at the 4-H Club fair in Cimarron, Kansas. At the time, PR mavens Max Rosey and Mortimer Matz thought a hot dog eating competition would drum up some publicity for Nathan’s. (They also seem to have made up the legend that the first Nathan’s contest was held in 1916). “We love the Nathan’s hot dog eating competition because we love how it brings the city together,” Fellman said, standing with a group of her friends, all wearing Nathan’s hot dog eating contest T-shirts.

Persons: Jacqueline Lewis, ” Lewis, franks, frankfurter, Joey Chestnut, Apuleius ’, ”, Jason Fagone, Fagone, “, ” Fagone, Corbis, Adrienne Bitar, Max Rosey, Mortimer Matz, Melody Andorfer, George, Richard Shea, George Shea, —, Shea, Rosey, ” George Shea, Henry S, Dziekan, it’s, ” Shea, ’ ” Shea, Takeru Kobayashi, Kobayashi, Kazutoyo Arai, Spencer Platt, ” Bitar, ” Kobayashi, Bitar, you’re, ’, Kena Betancur, ” Beatrice Fellman, ” Fellman, Bass Organizations: New, New York CNN, CNN, ESPN, Boys, Cornell University, “, Nathan’s, League, LA Times, Netflix Locations: New York, Coney Island, Coney, United States, Pennsylvania, Cimarron , Kansas, “, Long, New York City, Japan, Brooklyn , NY, America, Brooklyn, Kena

☆ Princess Diana’s gowns and accessories smash auction estimates
▼ + stars: | 2024-06-28 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —One of the largest ever collections of Princess Diana’s possessions to hit the market smashed estimates and sold for a total of $5.5 million, alongside other royal memorabilia, Los Angeles auction house Julien’s Auctions announced. Composed of more than 50 items, the collection featured several of Diana’s evening gowns, suits, shoes, hats and handbags, as well as personal letters and photographs. Its designer, Victor Edelstein, also created the famous off-the-shoulder, midnight blue velvet evening gown Diana wore while dancing with John Travolta at the White House. Diana wore this tulle gown to the premiere of "The Phantom of the Opera." It bears cipher of his father, King George V, and was made by Garrard – the jewelers who have produced several pieces for the royal family, including Diana’s sapphire engagement ring.

Persons: Princess Diana’s, Queen Victoria , Princess Margaret, Duke, Duchess of, Valerie Macon, Diana, Victor Edelstein, John Travolta, Kurt Geiger, ”, Anwar Hussein, Maud Pendrey, Spencer, Prince Harry, King George VI, Margaret, King George V, Garrard, needlepointed Organizations: CNN’s Royal, CNN, Getty, White, Opera Locations: Los Angeles, Duchess of Windsor, AFP

☆ U.S. oil trades near two-month high, heads for third-straight weekly gain on Israel-Hezbollah war fears
▼ + stars: | 2024-06-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude oil on Friday traded near a two-month high and is on pace for a third-straight weekly gain as fears of war between Israel and the Iran-backed militia Hezbollah grow. West Texas Intermediate hit an intraday high of $82.72 per barrel, the highest level for the U.S. benchmark since April 30. U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Hezbollah could target Israel's offshore gas operations if war breaks out, and Israel could seek to hit Iranian oil facilities, according to RBC Capital Markets. There is also a risk that Iran could attack tankers in the straight of Hormuz or abandon a détente with Saudi Arabia and hit the kingdom's oil facilities, according to the firm.

Persons: Brent, stoking, Saudi détente, Helima Organizations: Hezbollah, Texas Intermediate, RBC Capital Markets, Pentagon, NBC News, The State Department, U.S, RBC Locations: Khiam, Lebanon, Israel, Gaza, Iran, U.S, Hormuz, Saudi Arabia, Saudi

☆ Oil prices hold firm as Israel-Lebanon tensions overshadow soft U.S. demand
▼ + stars: | 2024-06-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil futures held firm on Thursday as fears of war between Israel and the Iran-backed militia Hezbollah overshadowed soft U.S. gasoline demand. "The hurricane left a noticeable mark on US gasoline consumption," Prateek Kedia, vice president of global commodities research at JPMorgan, told clients in a research note Wednesday. Here are today's energy prices:But oil still managed to close slightly higher Wednesday, as escalating tensions on the Israel-Lebanon border provided a price floor. Daniel Yergin, vice chairman of S&P Global, told CNBC's "Squawk Box" on Wednesday that Middle East tensions are hanging over the market. He cautioned that oil could spike again, pointing to the April rally when prices broke above $90 per barrel when Israel and Iran teetered on the brink of war.

Persons: Alberto, Kedia, John Evans, Daniel Yergin, CNBC's Organizations: Beta Operating, JPMorgan, Israel, P Global Locations: Long Beach , California, Israel, Iran, U.S, Lebanon

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