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[1/2] The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. The acquisition would be Exxon's biggest since its $81 billion deal for Mobil in 1998 and would expand its footprint in one of the most lucrative regions of the U.S. oil patch. Pioneer, which had a market value as of Thursday of $50 billion, is the third-largest producer of oil in the Permian basin after Chevron Corp (CVX.N) and ConocoPhillips (COP.N). If the negotiations conclude successfully, an agreement between Exxon and Pioneer could be reached in the coming days, the three sources said, asking not to be identified because the matter is confidential. Exxon produced about 620,000 boed in the Permian basin in the second quarter, a record for the company.

Persons: Angus Mordant, Bill Smead, Exxon, Scott Sheffield, Richard Dealy, David French, Anirban Sen, Sabrina Valle, Greg Roumeliotis, Lincoln, Kim Coghill Organizations: REUTERS, Exxon Mobil, Natural Resources, Mobil, Chevron Corp, ConocoPhillips, Exxon, Pioneer, Street Journal, Smead Capital Management, Energy Inc, DoublePoint Energy, Parsley Energy, Thomson Locations: Loving County , Texas, U.S, Texas, New Mexico, Ukraine, dealmaking, Dallas, New York, Houston

☆ There won't be a housing crash, just some 'turbulence,' says Bank of America
▼ + stars: | 2023-10-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A higher-for-longer rate environment could signal a rough patch ahead for the housing market, according to Bank of America. "No crash in sight, but potential turbulence ahead," wrote economist Jeseo Park in a Thursday note to clients, noting that recent developments in the housing market have been cause for concern. Meanwhile, a "lock-in effect" is leading many homeowners to hold onto their properties, contributing to a "squeezed" existing homes market into next year. "At first blush this difference may seem concerning, but one explanation is that the speed of home price growth has exceeded income growth over the years," Park wrote. "Nevertheless, we remain cautious of potential turbulence ahead," Park wrote.

Persons: Jeseo, — CNBC's Michael Bloom Organizations: Bank of America, Federal Reserve

☆ Goldman Sachs: Buy these 24 stocks heading into 2024 as the economy roars back following a possible 4th-quarter recession
▼ + stars: | 2023-10-05 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

But while external forces seem to be threatening markets, Dominic Wilson, senior advisor in Goldman Sachs' global markets research group, thinks investors themselves will turn recession fears into a self-fulfilling prophecy. In a note to clients late last week, Wilson wrote that the strength of the US economy has pushed markets upwards for most of the year. Investor sentiment has driven markets all year — particularly the exuberance over the potential of AI, which sent shares of a few key tech stocks higher and dragged the rest of the S&P 500 along with them. But Wilson thinks these issues are simply a "pothole" that the market will eventually recover from. If that's the case and stocks do bounce back in 2024, smart investors should position themselves now for profits later.

Persons: Dominic Wilson, Goldman Sachs, Wilson, Americas Equity Research Steven Kron, Kron, Morgan Stanley, there's Organizations: Federal Reserve, Americas Equity Research, Wall

☆ Your investments may be haunted
▼ + stars: | 2023-10-05 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Stocks often struggle when government bond yields are elevated, since it means investors can get high returns on less risky assets. But here’s the kicker: As the price of bonds go up when lots of people buy them, yields go down. When official interest rates rise so do investors’ expectations for returns on bonds, known as yields. This creates an incentive for investors to sell the bonds they currently hold and buy newly issued ones that offer higher interest payments. Back to the programWhen official interest rates rise, which is what’s happened over the past year and a half, so do investors’ expectations for returns on bonds.

Persons: CNN Business ’, Nicole Goodkind, You’ve, Dow, What’s, Stocks Organizations: CNN Business, New York CNN, Dow, Nasdaq, Treasury, Federal Reserve Locations: New York

☆ This family bought a cheap house in Italy because the US is too expensive
▼ + stars: | 2023-10-04 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +8 min

Cost of living impactChris and Jennifer Tidroski purchased a €26,000 home in a building in the village of Latronico, Italy after becoming frustrated with life in the US. The couple say that the cost of living in the US has become too high, especially when it comes to healthcare. Chris explains that the political polarization in the US has been a contributing factor in their decision to relocate to Italy. Although the costs were slightly more than they estimated, the Tidroskis say they couldn’t have afforded a similar house in the US. While his mother was Italian, Chris’ father was Polish-Lithuanian.

Persons: they’ve, Chris, Jennifer Tidroski, who’ve, Chris Tidroski, “, Lidia, ” Chris Tidroski, ”, Vincenzo Castellano, Mariangela Tortorella, expats, Jennifer, Chris Tidroski “, She’ll, They’ve, Chris Tidroski He’s, Castellano, Chris ’, he’d, don’t Organizations: CNN Locations: America, Italy, Prescott , Arizona, Latronico, Southern Italian, Basilicata, States, “, Arizona, Italian, Polish

☆ Man United misery continues as Galatasaray win 3-2 at Old Trafford
▼ + stars: | 2023-10-03 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

A mistake from United goalkeeper Andre Onana forced Brazilian midfielder Casemiro to conceded a penalty, which saw him sent off after receiving a second yellow card. Bayern Munich are top on six points from two games after a 2-1 win at FC Copenhagen, who are third with one point. "Our opponents are maybe not very successful on the outside but they are a good team," Galatasaray coach Okan Buruk said. United coach Erik ten Hag added: "The mental errors we make, you cannot allow them at this level. The final whistle was greeted by wild scenes of celebration at Galatasaray's first Champions League away win in a decade.

Persons: Casemiro, Mauro Icardi, United, Rasmus Hojlund, Wilfried Zaha, Davinson Sanchez, Kerem Akturkoglu, Andre Onana, Okan Buruk, Erik ten Hag, Marcus Rashford, Zaha, capitalising, Diogo Dalot, Hojlund, Sanchez, Peter Hall, Ken Ferris Organizations: Galatasaray, Champions League, Premier League, Crystal, Denmark, Old, Bayern Munich, FC Copenhagen, Turkish, Bayern, Crystal Palace, United, League, Thomson Locations: MANCHESTER, England, Manchester, Argentine, Munich, Turkish

Oct 3 (Reuters) - BP Plc (BP.L) is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter. While it boosted its shareholder payout by 10% in second-quarter earnings in August, BP's net debt stood at $23.7 billion. BP has placed its stakes in U.S. Gulf of Mexico pipelines in a new company in which it will hold a 51% position and sell the rest, the sources said. The pipelines entity generates 12-month earnings before interest, tax, depreciation and amortization of around $200 million, the sources added. Among the pipelines in which BP holds stakes are the 161-mile Mars Oil Pipeline, the 89-mile Endymion Oil Pipeline and the 115-mile Cleopatra Gas Pipeline, according to its website.

Persons: Bernard Looney, Shariq Khan, David French, Ron Bousso, Cynthia Osterman Organizations: BP Plc, BP, Argos, Pipeline, Gas, Sixth Street Partners, Sixth, Bloomberg News, Thomson Locations: Gulf of Mexico, Gulf, Mexico, U.S . Gulf of Mexico, Bengaluru, New York, London

Political Cartoons View All 1190 ImagesFor years, California didn't regulate groundwater, allowing farmers and residents alike to drill wells and take what they needed. There is a small market, hardware store, a Western-themed boutique hotel and miles of land sown with olives, pistachios, grapes and carrots. From the start, Grimmway and Bolthouse participated in the formation of the local groundwater sustainability agency and plan. Furstenfeld, who sits on an advisory committee to the groundwater agency, doesn’t own land and doesn’t have an attorney. The company that owns the land, Bolthouse Land Co., is still litigating.

Persons: Lee Harrington, “ It’s, ” Harrington, Bolthouse, ”, Dan Clifford, Jeff Huckaby, “, ” Huckaby, Jake Furstenfeld, David, Goliath, Alfonso Gamino, haven’t, Eric Garner, Huckaby, Grimmway, Jean Gaillard, ” Gaillard Organizations: —, Bolthouse Locations: Calif, California, New, Los Angeles, Cuyama, Oxnard, Pleasant, San Diego County, Southern California

☆ After a rough third quarter, here's what to expect from technology stocks into the end of 2023
▼ + stars: | 2023-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.

Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD

☆ 6 years after declaring bankruptcy, Toys R Us will return with 24 stores across the US
▼ + stars: | 2023-09-30 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +2 min

Toys R Us, which went bankrupt years ago, will open up to 24 stores in the US. It was the first big-box toy store ever created, according to History — and a far cry from other toy stores at the time. Using their advertisements, celebrity collaborations, and their mascot Geoffrey the Giraffe, Toys R Us sold thousands of toys like Mr. Its jingle, "I don't want to grow up, I'm a Toys R Us kid. There's a million toys at Toys R Us that I can play with," was the soundtrack for kids from the 1980s to the early 2000s.

Persons: —, Charles Lazarus, Geoffrey the, There's, Yehuda Shmidman Organizations: Service, WHP Locations: United States

☆ The latest ad industry salaries, revealed: Here's how much top agencies like WPP, Publicis, and Omnicom offered copywriters, data analysts, and project managers in 2023.
▼ + stars: | 2023-09-29 | by ( Lara O'Reilly | Alex Nicoll | ) www.businessinsider.com time to read: +1 min

Ad agencies sought to fill hundreds of roles this year, from traditional creative openings, to tech-focused jobs. Insider analyzed recent government data to see what agencies paid employees in the US. Here's a snapshot of what groups like WPP, Publicis, and Omnicom paid agency staffers this year. Many agencies have been looking to recruit increasingly technical roles like developers, data scientists, and engineers, alongside the more typical creative jobs. To get a picture of what agencies pay, Insider reviewed the US Department of Labor's Office of Foreign Labor Certification data from the first half of this calendar year.

Organizations: WPP, Publicis, US Department of Labor's, Foreign Labor

☆ Morgan Stanley names its top dividend-paying stock picks
▼ + stars: | 2023-09-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

When picking dividend-paying stocks to stabilize your portfolio in tumultuous times, don't just go for higher yields — look for the growers, according to Morgan Stanley. Dividend-paying stocks have outperformed nondividend payers across all large-cap sectors going back to 2000, except for consumer discretionary, Morgan Stanley said. Energy Transfer , a company that operates in the natural gas pipeline industry, is rated overweight by Morgan Stanley analyst Robert Kad. Morgan Stanley also likes Mondelez International , the company behind Sour Patch Kids candy and Oreo cookies. Morgan Stanley anticipates banks will be able to grow their dividends about 5% in 2024.

Persons: Morgan Stanley, Morgan Stanley's, Robert Kad, Pamela Kaufman, Betsy Graseck, — CNBC's Michael Bloom Organizations: Mondelez, Financial, Regions Locations: outperformance, Birmingham , Alabama

(AP) — Hall of Fame third baseman Brooks Robinson died Tuesday at the age of 86. Growing up in Maryland in the 1960s, Brooks Robinson was a god. Brooks Robinson. “You’re no Brooks Robinson!” an old-timer playfully shouted. On and off the field, there was only one Brooks Robinson.

Persons: Brooks Robinson, Ben Walker, Walker, Robinson, ___, Brooks, lefties, Rogers, Powell, Frank Robinson, Paul Blair, Jim Palmer, Dave McNally, we’d, Johnny Bench, —, didn’t, Pope, ballplayer, “ You’re, That’s Organizations: —, of Fame, The Associated Press, Baltimore Orioles, Orioles, Dodgers, Cincinnati Locations: ROCKVILLE, Md, Maryland, Arkansas, Rockville ., Baltimore, New York, Central Park

☆ This little-known maker of mountain bike parts has a history of outperforming during recessions
▼ + stars: | 2023-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Fox Factory is known for making a wide range of products used in everything from bikes to off-road vehicles to trucks. "But at the same time, that's actually the consumer that's most resilient. The higher-income and enthusiastic consumer Analysts highlighted two qualities in Fox's consumer base that help the company weather a broader economic downturn. The company's "sticky" consumer base caught the attention of Motley Fool Asset Management's Shelby McFaddin, whose Small-Cap Growth ETF (TMFS) contains the stock. It's the largest competitor in the business of bike suspensions, which are typically used on mountain bikes to help mitigate rough terrain.

Persons: Riley, Anna Glaessgen, that's, they're, Michael Swartz, shutdowns, Riley's Glaessgen, Fox, Shelby McFaddin, McFaddin, Glaessgen, Truist's Swartz, Swartz, it's Organizations: Fox Factory, Growth, Consumers, Fox, Street, Ford, United Auto Workers, UAW

is leading Democrats by over 20 points on “dealing with the economy.” So how is Joe Biden even still in this race? Second, the strongest argument for these other candidates was that Trump couldn’t beat Biden. But that’s becoming a harder and harder case to make — more because of Biden than Trump. And if Trump isn’t the nominee, he’ll quite possibly be acting to undermine whoever is the G.O.P. So it’s possible that Republicans are actually more likely to win the election if they nominate him than if they don’t.

Persons: Sarah Isgur, Joe Biden, they’d, Trump, Bruni, Sarah, you’re, Biden, Biden doesn’t, Nikki Haley, Ron DeSantis, Tim Scott, —, he’ll Organizations: ’, Trump, Republicans, Trump couldn’t, Biden, Republican Locations: “

☆ A couple left Miami and downsized to a tiny home in a Georgia forest. They found happiness through building more tiny homes in their backyard and renting them on Airbnb.
▼ + stars: | 2023-09-26 | by ( Claire Turrell | ) www.businessinsider.com time to read: +7 min

John and Fin Kernohan are Airbnb hosts who rent out eight units in their backyard in Georgia. They live in a tiny cabin on the property and built a community around tiny living. The tiny firehouse, tiny houses, yurts, and domes that they rent out range from $99 to $148 a night. They went on to build a tiny firehouse on wheels to take to fundraising events to raise money for firefighters. "What I love most about living in the Beloved Cabin is how simple your life is," she said.

Persons: John, Fin, —, Fin Kernohan, wasn't, John Kernohan, They'd, didn't, they'd, Rocco, they've, who's, They're Organizations: Service, Tiny, Tiny House Association, United Tiny, Facebook Locations: Georgia, Miami, London, Lake Oconee, Zillow, Thailand, Moroccan, Atlanta, Vietnam, South Korea

☆ Philippines Removes Chinese Barrier at Disputed Shoal in 'Special Operation'
▼ + stars: | 2023-09-25 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +4 min

By Enrico Dela CruzMANILA (Reuters) -The Philippines said on Monday it executed a "special operation" to remove a floating barrier installed by China at a prime fishing patch in the South China Sea, a move that could stoke tension after a years-long detente in Asia's most disputed waters. Hours after the national security adviser had vowed to take action, the Philippine coastguard said it had removed the floating cordon, at the behest of President Ferdinand Marcos Jr and his special task force on the South China Sea. Japan's government urged calm and said the South China Sea was central to regional stability. "Our country strongly opposes any conduct that heightens tension in the South China Sea," Japanese Chief Cabinet Secretary Hirokazu Matsuno said at a regular press conference. China on Monday said the shoal, which it calls Huangyan Island, was "China's inherent territory", over which it had indisputable sovereignty.

Persons: Enrico Dela Cruz, Ferdinand Marcos Jr, Rodrigo Duterte, Hirokazu Matsuno, Huangyan, Wang Wenbin, Enrico dela Cruz, Liz Lee, Kiyoshi Takenaka, Kanupriya Kapoor, Martin Petty, Alex Richardson Organizations: stoke, coastguard, Philippine coastguard, Philippine, China, South China, Chinese coastguard Locations: Philippines, China, South China, Asia's, Scarborough, Philippine, Manila, Washington, Beijing, British, South, Hague, Tokyo

☆ There's a market index breaking down with an 'ominous precedent,' says a top chart analyst
▼ + stars: | 2023-09-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An equal-weighted version of the S & P 500 has hit thresholds that have historically signaled trouble ahead, according to BTIG. Known as the SPW, the equal-weight S & P 500 measures performance by tracking all the stocks in the broad index at equal exposure. In the cap-weighed version, known in short as the SPX , more exposure is given to stocks with larger market caps. That has only happened five times in the last three decades and sets an "ominous precedent," said Jonathan Krinsky, chief market technician at BTIG. .SPX YTD mountain The cap-weighted S & P 500's ascent in 2023 Krinsky said the S & P 500 should test 4,200 points — which is 2.8% off its Friday close of 4,320.06 — if not lower.

Persons: BTIG, Jonathan Krinsky, Krinsky, — CNBC's Michael Bloom Organizations: CNBC

☆ CD Projekt's rocky road from Cyberpunk 2077 to Phantom Liberty
▼ + stars: | 2023-09-25 | by ( Adrianna Ebert | ) www.reuters.com time to read: +5 min

GDANSK, Sept 25 (Reuters) - Phantom Liberty, the long-awaited expansion to CD Projekt's (CDR.WA) flagship game Cyberpunk 2077, will debut on Tuesday on current generation consoles and PCs. In the months leading up to the release, CD Projekt's market capitalisation exceeded 40 billion zlotys ($9.28 billion). NEXT-GENERATION UPDATEIn February 2022, CD Projekt released a Cyberpunk update for next-generation consoles. PHANTOM LIBERTY RELEASE DATE ANNOUNCEDOn June 11, 2023, CD Projekt said the Phantom Liberty expansion would be released in September. UPDATE 2.0On Sept. 21, CD Projekt released a free update 2.0 to the base game, featuring various improvements to the game mechanics.

Persons: Liberty, Phantom Liberty, Adam Kicinski, Projekt, Adrianna Ebert, Milla Nissi, Anil D'Silva Organizations: Polish, OF, Projekt, Xbox, SONY, Sony, PlayStation, Netflix, North America ., Liberty, Steam, Thomson Locations: GDANSK, North America

UNITED NATIONS (AP) — Inside, with speeches and machinations and carefully deployed elbows, those who administer the world persist in their search for the elusive path to peace. “Bring lasting peace,” said Pravind Jugnauth, prime minister of Mauritius. Malaysian Prime Minister Anwar Ibrahim spoke of “the imperative to make peace." In July, visiting Indian Prime Minister Narendra Modi used the North Lawn, adjacent to the wooded area, to perform yoga poses as part of his visit. But for one tranquil moment, for one brief respite from the world's most high-stakes conversations, that's more than sufficient.

Persons: ”, Said, Pravind Jugnauth, Anwar Ibrahim, Pendarovski, Siaosi Sovaleni, “, Narendra Modi, Ukraine —, It's, Ted Anthony, General Assembly's Organizations: UNITED NATIONS, United Nations, Hall, New, Malaysian, Indian, —, Associated Press Locations: Manhattan, New York City, Queens, United, Mauritius, North Macedonia, Tonga, India, Pakistan, Armenia, Azerbaijan, Russia, Ukraine, East

☆ South China Sea: Philippines accuses Chinese maritime militia of destroying coral reefs near Palawan
▼ + stars: | 2023-09-22 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +11 min

Philippine Coast Guard/FacebookTarriela said between August 9 and September 11, the coast guard monitored 33 Chinese vessels within the vicinity of Rozul Reef and around 15 Chinese ships near Escoda Shoal. The UP Marine Science Institute found vibrant corals in the Rozul (Iroquios) Reef in the South China Sea in May 2021. At least two foreign ambassadors in Manila have expressed alarm over reports of destruction of marine resources in the South China Sea. The grounded Philippine navy ship Sierra Madre, which Manila uses to stake its territorial claims at Second Thomas Shoal in the Spratly Islands in the disputed South China Sea, as pictured on April 23, 2023. Under current President Ferdinand Marcos Jr., the country’s National Security Team began to publicize its findings about what was actually happening in the West Philippine Sea and the South China Sea more regularly, Powell said.

Persons: Jay Tarriela, ” Tarriela, Facebook Tarriela, Tarriela, Mao Ning, “, ”, Gerry Arances, Arances, Ray Powell, SeaLight, Powell, Philippines MaryKay Carlson, Kazuhiko Koshikawa, Rodrigo Duterte, Shoal, Ted Aljibe, Thomas Shoal, Ferdinand Marcos Jr Organizations: CNN, Philippine Coast Guard, Chinese Maritime Militia, Facebook, Philippine, Spratly Islands, Philippine coastguard, University of, Philippines Marine Science Institute, country’s National Security Council, Scientific, UP Marine Science Institute, Marine Science, CNN Philippines, Center for Energy, coastguard, National Security, Stanford University, The, United, Philippine Department of Foreign Affairs, Asia, Transparency Initiative, BRP, BRP Sierra Madre, National Security Team, West Philippine, South China Locations: South, Philippines, China, Sabina, South China, Palawan, Beijing, Philippine, Rozul, Escoda Shoal, ” Beijing, China’s, Malaysia, Brunei, Taiwan, The Hague, West Philippine, United States, Indonesia, Vietnam, The Philippines, Manila, Sierra, Spratly, AFP, BRP Sierra, Sierra Madre, West

☆ 'I don't want to die:' How 14 youth advocates in Hawaii are fighting climate change by taking the state to court
▼ + stars: | 2023-09-22 | by ( Yoonji Han | ) www.businessinsider.com time to read: +8 min

Hawaiian youth advocates sued the state's transportation department over greenhouse-gas emissions. Amid the escalating climate crisis, Nishida and 13 other Hawaiian youth advocates sued the Hawaii Department of Transportation in 2022 over transportation-related greenhouse-gas emissions. The lawsuit, Navahine F. v. Hawaii Department of Transportation, is scheduled to go to trial next summer. Transportation emissions made up the largest share of energy-sector emissions in Hawaii in 2017, according to a 2021 report by the Hawaii Department of Health. Youth plaintiffs gather before the start of the Navahine F. v. the Hawaii Department of Transportation hearing at the First Circuit Environmental Court in Honolulu on January 26.

Persons: Taliya Nishida, Nishida, Navahine, Andrea Rodgers, Rodgers, KawahineʻIlikea, Taliya, Mesina, Kalā, Rylee, Elyse Butler Organizations: Service, Hawaii Department of Transportation, . Hawaii Department of Transportation, Transportation, Hawaii Department of Health, Trust, cocounsel, Court, Department of Transportation Locations: Hawaii, Maui, Montana, Honolulu, Waimea, United States

We are buying 50 shares of Stanley Black & Decker (SWK) at roughly $83.75 each. With that in mind, we are adding to our position in Stanley Black & Decker . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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.

Persons: Stanley Black, Decker, Jim Cramer's, It's, Larry Williams, Williams, Jim Cramer, Jim, Spencer Platt Organizations: Stanley, SWK, Treasury, CNBC, New York Stock Exchange, Getty, & ' $ Locations: New York City

☆ Deep-sea mining could help solve the global critical minerals shortage, but it's a lightning rod for controversy
▼ + stars: | 2023-09-20 | by ( Katie Brigham | ) www.cnbc.com time to read: +6 min

But extracting these metals via deep-sea mining has become a lightning rod for global controversy, as many fear the potential ecological disruptions it could cause in a part of our planet that remains largely unexplored. The Metals Company has announced that it's planning to submit its application next summer and begin exploitation in 2025, leaving many concerned about the potential implications. "What I am absolutely convinced of is that we can slow down or maybe even stop the growth in rainforest nickel," Barron said. Deep-sea mining avoids the emissions associated with blasting, as well as sulfidic tailings, a waste material that can contaminate groundwater. Great unknownsA few years ago, the World Wildlife Fund released a business statement calling for a moratorium on deep-sea mining.

Persons: Jessica Battle, Gerard Barron, we're, Barron, Andrew Miller Organizations: Clarion, United Nations, International, Authority, ISA, Metals Company, Mining, The Metals Company, Benchmark Mineral Intelligence, Metals, World Wildlife, Google, Samsung, BMW, Volkswagen, Volvo, Renault, WWF, CCZ, National Oceanic, Atmospheric Administration Locations: Indonesia, Congolese, U.S, Texas

☆ Grimes would set Shivon Zilis up on dates before she was blindsided by news the Neuralink director had twins with Elon Musk
▼ + stars: | 2023-09-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Grimes was friends with Shivon Zilis before she had twins with Elon Musk, according to a new book. Isaacson wrote that the Neuralink director decided to have children after Musk spoke to her about his population doomsday fears. Later, when Grimes learned of Musk's children with Zilis, Isaacson said she was "outraged." Grimes wrote the post in response to a photo Isaacson posted on X of Zilis and Musk with their two children. "So glad we had such a wonderful talk, was insanely overdue," Zilis wrote.

Persons: Grimes, Shivon Zilis, Elon Musk, Zilis, Walter Isaacson's, Isaacson, Musk, Grimes —, Claire Boucher — Organizations: Service Locations: Wall, Silicon, Austin

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