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☆ Indonesia is moving its capital from Jakarta to Nusantara. Here's why it won't be so easy
▼ + stars: | 2023-08-28 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +9 min

Adek Berry | Afp | Getty ImagesIndonesia has ambitious plans to relocate its capital from Jakarta to Nusantara in East Kalimantan. Nusantara National Capital Authority, a government agency charged with planning and constructing the new capital, did not immediately respond to CNBC's request for comment. The new Presidential Palace under construction at the country's new capital Nusantara. Bloomberg | Bloomberg | Getty ImagesA lack of demand for service-led jobs is another challenge Archer predicted. Bloomberg | Bloomberg | Getty Images

Persons: Adek Berry, Joko Widodo's, Melinda Martinus, Martinus, Ju Ye Lee, Bagus Saragih, Agung Wicaksono, it's, Wicaksono, Bruno Lanvin, Joko Widodo, Diane Archer, Archer, Lanvin, Maybank's Lee Organizations: Nusantara, Afp, Getty, Indonesia, Cultural Affairs, Yusof, CNBC, Nusantara National Capital Authority, country's Ministry, Public, Agung Wicaksono Nusantara National Capital Authority, Maybank Investment Banking Group, Smart, IMD Business School, Bloomberg, Ciputra, Stockholm Environment Institute, Nusantara . Bloomberg Locations: Jakarta, Nusantara, East Kalimantan, Indonesian, Indonesia, Singapore, Agung Wicaksono, Asia, Pacific, Nusantara ., Stockholm, Diane Archer Stockholm, Kalimantan

☆ China's woes are multiples worse than the U.S.'s were going into 2008: Hayman Capital's Kyle Bass
▼ + stars: | 2023-08-28 | 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 EmailChina's woes are multiples worse than the U.S.'s were going into 2008: Hayman Capital's Kyle BassHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Hayman Capital's Kyle Bass, Brian Sullivan, “ Organizations: CNBC Locations: U.S

☆ Racist housing practices left Minneapolis with an extreme heat problem. Now, the city is rushing to reverse the lasting effects of environmental racism.
▼ + stars: | 2023-08-28 | by ( Dearbea Walker | ) www.businessinsider.com time to read: +10 min

The city hopes to rectify its history of environmental racism with a new Climate Equity Plan. It was also the only place Black people were allowed to purchase housing in the city. For all these reasons, previously redlined neighborhoods suffer from extreme heat. After years of outcry from activists, the city council submitted a new draft of a 10-year plan, titled the Minneapolis Climate Equity Plan, soliciting public comments. Earlier this year, Portland passed its 43-Step Climate Action Plan, which has similar objectives to the Minneapolis plan.

Persons: redlining, George Floyd, Kerem Yucel, CAPA, Tee McClenty, John Vachon, Franklin D, Anthony Potter, there's, Ulla Nilsen, it's, Darlene Pfister, Nilsen, Jacob Frey, MN350, " Nilsen, Jerry Holt, McClenty Organizations: Minneapolis, Equity, Service, George Floyd Memorial, Getty, Loan Corporation, District, Roosevelt's, City Hall, Star Tribune, Minneapolis Climate Equity Locations: Minneapolis, Minnesota, Kerem, AFP, homeownership, Negro, Portland , Oregon, Portland

☆ These four trends are shaping the gun industry
▼ + stars: | 2023-08-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

Here are four trends that are shaping the gun industry today:Market normalizationSeveral companies in the gun market are slowing down production and slashing prices as they combat material cost increases and waning demand for their weapons. Gun sales typically see a spike during presidential elections, Dionisio added. Investors in Biofire include venture capitalist Ron Conway and Peter Thiel's Founders Fund Biofire's smart gun comes as gun manufacturers increasingly look for different materials and technologies to make their products more appealing to consumers. "Smart guns can ensure that guns are accessible by their owners and no one else," said Nick Suplina, senior vice president for law and policy at Everytown, who has tested Biofire's smart gun. First-time gun purchasers during the pandemic, according to the study, were younger than previous, pre-pandemic U.S. gun owners.

Persons: Spencer Platt, Smith, Sturm, NSSF, Rommel Dionisio, Mark Smith, Christopher J, Killoy, Capital's Dionisio, Dionisio, Kai Kloepfer, Kloepfer, Biofire, they'll, Ron Conway, Peter Thiel's, Mark Oliva, Oliva, Nick Suplina, Matthew Miller, NORC, NSSF's Oliva Organizations: Getty, Wesson, Ruger, Company, Smith, Shooting Sports, Aegis Capital, CNBC, Smith & Wesson, Ruger & Company, Fund, Shooting Sports Foundation, Gun Safety, University of Chicago, America Locations: Monroe , Pennsylvania, U.S, Biofire, it's

☆ Data is key to AI modeling, so investors should buy storage providers: Bokeh Capital's Kim Forrest
▼ + stars: | 2023-08-25 | 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 EmailData is key to AI modeling, so investors should buy storage providers: Bokeh Capital's Kim ForrestKim Forrest, chief investment officer at Bokeh Capital Partners, joins 'The Exchange' to discuss how to trade the market following Powell's Jackson Hole speech, the data element of AI's productivity promise, and the importance of making informed investments in financials.

Persons: Capital's Kim Forrest Kim Forrest, Jackson Organizations: Bokeh Capital Partners Locations: financials

☆ There will be less competitors in the streaming business, says Loop Capital's Alan Gould
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be less competitors in the streaming business, says Loop Capital's Alan GouldAlan Gould, Loop Capital analyst, joins 'Power Lunch' to discuss Loop's Netflix upgrade and the future of the streaming business.

Persons: Alan Gould Alan Gould Organizations: Loop Capital, Netflix

☆ 'It seems inevitable': A $254 million hedge fund manager warns that banking and fiscal crises are coming as reckless government spending gets out of hand — but investors can avoid the pain by making t
▼ + stars: | 2023-08-24 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors should prepare for fiscal, banking, and energy crises, a hedge fund manager warned. And thanks to a strong performance in July, the $254 million hedge fund has risen 16.8% after fees in 2023. Oil prices came under pressure when government reserves were released, but Kupperman said that's not a viable long-term recipe for reasonable energy prices. He expects a massive spike in oil prices in either 2024 or 2025, which will greatly benefit companies tied to the commodity. The investing opportunity Kupperman said he's most excited about is uranium, which he's playing through the Sprott Physical Uranium Trust.

Persons: Capital's Harris Kupperman, he's, Harris Kupperman, Kupperman, —, He's, he'll, we've, Macrotrends Banks, it's, that's, Joe, JOE Organizations: Praetorian Capital Management, Praetorian, Fund, Treasury, Uranium Trust, Energy, Florida Panhandle Locations: Kazakhstan, Uzbekistan, Russia, Ukraine, Florida

☆ Amid a slogging counteroffensive, Ukraine sees a day of good fortune: a Russian air defense system was destroyed, one Russian pilot successfully defected, and, now, the Wagner leader may be dead.
▼ + stars: | 2023-08-24 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Wednesday brought a string of good news for Ukraine amid the 3-month-long counteroffensive. That same day, a Russian helicopter pilot defected to Ukraine, landing a Mi-8 AMTSH helicopter at the Ukrainian Poltava military air base. An official for HUR, the military intelligence agency, told local media that this was the result of a planned six-month operation. But the most significant turn of events that came Wednesday was the possible death of the Wagner Group leader, Yevgeny Prigozhin. Social media channels associated with Wagner claimed that the plane was shot down by an air-defense system.

Persons: HUR, Wagner, Yevgeny Prigozhin, Prigozhin, Angela Stenet, Vladimir Putin's, Stenet, Mykhailo Podolyak, Putin Organizations: Service, Ukrainian, Directorate of Intelligence, Wagner Group, National Intelligence, PBS, New York Times, Washington Post, Institute for Locations: Ukraine, Wall, Silicon, Russia, Russian, Crimean, Ukrainian Poltava, Moscow, Tver, Eurasia, The U.S, Melitopol, Washington, DC

☆ You can't think about Nvidia without thinking about Taiwan, says Bedrock Capital's Geoff Lewis
▼ + stars: | 2023-08-23 | 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 EmailYou can't think about Nvidia without thinking about Taiwan, says Bedrock Capital's Geoff LewisGeoff Lewis, Bedrock Capital founder, joins 'Squawk Box' to preview Nvidia's quarterly earnings results, the impact of Taiwan on the company, the state of A.I. and impact on investors, and more.

Persons: Geoff Lewis Geoff Lewis Organizations: Nvidia, Bedrock Capital Locations: Taiwan, A.I

☆ China is moving from a market-based approach to party-based, says Hayman Capital's Kyle Bass
▼ + stars: | 2023-08-23 | 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 EmailChina is moving from a market-based approach to party-based, says Hayman Capital's Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss China's economic problems, Xi Jiping's possible responses, why he believes China could attack Taiwan by 2024, and more.

Persons: Hayman Capital's Kyle Bass Kyle Bass, Xi Organizations: China, Hayman Capital Management Locations: China, Taiwan

☆ Fin Capital has become the most prolific fintech investor in the world. Behind the scenes, there's been a phishing attack, whistleblower complaints, and a wave of exits.
▼ + stars: | 2023-08-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +12 min

It was August 2021, during the waning months of the frothy startup bull market, and Fin Capital was on the ascent. The message was a phishing attack — Fin Capital had been hacked. But there is dispute over how Fin Capital handled the attack and its aftermath. Still, as other firms have sharply pulled back on investing in the downturn, Fin Capital has done the opposite. It's unclear whether the whistleblower complaints that former Fin Capital employees filed with the SEC are being investigated.

Persons: Logan Allin, Fin Capital, Allin, you've, Gene Price, Frost Brown Todd, who'd, It's, fiduciaries, Capital, Tom Allin, Obama, Forbes, you'll, he'd, Peter Thiel ., Henry Kravis, Roelof Botha, Thiel, Kravis, Botha, fintech, Pipe's cofounders, Peter Ackerson, Ackerson, Andreessen Horowitz, fundraisings, Ben Bergman, bbergman Organizations: Fin, Sequoia, SEC, Securities and Exchange Commission, Fin Capital, Francis Yacht Club, Constellation, titans, KKR, Sequoia Capital, Caplight, FT Partners, LinkedIn, Twitter, Facebook Locations: York, Los Angeles, Fin, Silicon Valley, San Francisco, fintech, Sequoia

☆ Dick's Sporting Goods stock on track for its worst day ever
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDick's Sporting Goods stock on track for its worst day everShort Hills Capital's Steve Weiss joins 'Halftime Report' to discuss why Dick's Sporting Goods is performing poorly today, Dick's reporting an earning's revenue miss and increases in inventory loss due to looting.

Persons: Steve Weiss Organizations: Goods, Sporting Goods

☆ FirstMark Capital's Rick Heitzmann gives the pulse on the IPO market
▼ + stars: | 2023-08-22 | 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 EmailFirstMark Capital's Rick Heitzmann gives the pulse on the IPO marketRick Heitzmann, FirstMark Capital founder, joins 'Closing Bell' to discuss tech IPOs possible comeback and more.

Persons: Rick Heitzmann Organizations: FirstMark Capital

☆ Two Ukrainian drones shot down over Moscow region, flights briefly disrupted - Russia
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Stringer Acquire Licensing RightsMOSCOW, Aug 22 (Reuters) - Russia shot down two Ukrainian drones over the Moscow region with no casualties and brought down a further two drones over the Bryansk region that borders Ukraine, the Russian Defence Ministry said on Tuesday. A Reuters reporter in the town of Krasnogorsk in the Moscow region, seat of the Moscow regional government, saw minor damage to tiling on a high-rise residential building and shattered glass exterior window panes in a few of its apartments. At least two people were injured a day earlier when parts of a Ukrainian drone destroyed by Russian air defences fell on a house in the Moscow region, the regional governor said. The Russian defence ministry said that nobody had been hurt in the latest attack. "Two drones were detected and destroyed by air defence systems over the territory of the Moscow region."

Persons: Stringer, GUR, Andriy Yusov, Andrew Osborn, Maria Tsvetkova, Jacqueline Wong, Michael Perry, Angus MacSwan Organizations: REUTERS, Rights, Russian Defence Ministry, Reuters, Police, Kremlin, TASS, Russian, Thomson Locations: Krasnogorsk, Russia, Moscow, Bryansk, Ukraine, Ukrainian, Odintsovo, Chastsy, Russian, Kyiv, Moscow's, Kaluga, New York

☆ Verizon will continue to outperform Tesla over the year, says MAI Capital's Chris Grisanti
▼ + stars: | 2023-08-21 | 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 EmailVerizon will continue to outperform Tesla over the year, says MAI Capital's Chris GrisantiChris Grisanti, chief equity strategist at MAI Capital Management, joins 'The Exchange' to discuss his bet that Tesla will underperform Verizon, Verizon offering a higher dividend than its P/E ratio, and more.

Persons: Chris Grisanti Chris Grisanti, Tesla Organizations: Verizon, MAI Capital Management

☆ How Y Combinator-backed Seabound is using carbon-capture tech to tackle the shipping industry's problematic emissions
▼ + stars: | 2023-08-21 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +9 min

The Y Combinator-backed Seabound believes its on board carbon-capture tech can play a key role. Fredriksson is the cofounder and CEO of Seabound, a climate-tech startup that aims to lower the greenhouse-gas emissions produced by the shipping industry. Seabound, backed by the famed accelerator Y Combinator, has built a carbon-capture machine that can be retrofitted onto ships. Having tested it on land, Seabound is now using a commercial container ship as its lab in a pilot project with the London-based shipping company Lomar Shipping. Fredriksson added that Seabound's reaction was exothermic, meaning it needed an injection of heat to get started but then was self-sustaining.

Persons: Seabound, Alisha Fredriksson didn't, Fredriksson, It's, Stephen Turnock, Ed Phillips, Alisha Fredriksson, Wen, Turnock, Alisha Fredriksson Decarbonization, we're, We're, Capital's Phillips, Leapfrogging Organizations: Shipping, Maritime Organization, Service, University College London, University Maritime Advisory Services, Southampton University, International Maritime, Planet Capital, Lomar Shipping, Ships Locations: Wall, Silicon, London, Yalova, Turkey

☆ LSEG's Jharonne Martis and Again Capital's John Kilduff on rising risks for consumers and inflation
▼ + stars: | 2023-08-18 | 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 EmailLSEG's Jharonne Martis and Again Capital's John Kilduff on rising risks for consumers and inflationJharonne Martis, Director of Consumer Research at LSEG, and John Kilduff, Founding Partner of Again Capital, discuss what retail earnings and rising gas prices mean for consumer spending and the outlook for inflation.

Persons: John Kilduff Organizations: Consumer Research Locations: LSEG

☆ We're excited about the bargain-hunting consumer for TJX, Walmart, says Advisors Capital's Feeney
▼ + stars: | 2023-08-18 | 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 EmailWe're excited about the bargain-hunting consumer for TJX, Walmart, says Advisors Capital's FeeneyJoAnne Feeney, Advisors Capital Management partner and portfolio manager, joins 'Squawk on the Street' to discuss how Feeney's firm is positioning for the second half of the year, how Feeney calculates a squeezed consumer, and whether international exposure is wise.

Persons: Capital's Feeney JoAnne Feeney, Feeney Organizations: TJX, Walmart, Capital Management

☆ There's no huge problem in the market, people are just putting money elsewhere: Cleo Capital's Kunst
▼ + stars: | 2023-08-18 | 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 EmailThere's no huge problem in the market, people are just putting money elsewhere: Cleo Capital's KunstHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Cleo Capital's, Brian Sullivan, “ Organizations: CNBC

A man carries an elderly man as they flee their neighbourhood Carrefour Feuilles after gangs took over, in Port-au-Prince, Haiti August 15, 2023. REUTERS/Ralph Tedy Erol/File Photo Acquire Licensing RightsAug 18 (Reuters) - The United Nations on Friday estimated that more than 350 people have been killed in Haiti by civilian vigilante groups since April, amid escalating gang violence that has in recent days has forced thousands to flee in parts of the capital. The report comes after fighting intensified late last week around the capital's heavily populated Carrefour Feuilles neighborhood, where attacks from the Grand Ravine gang prompted around 5,000 people to flee their homes. "We used to see clashes between gangs, now it's gangs against the population," said Serge Dalexis, the head of the International Rescue Committee's Haiti office. Reporting by Isabel Woodford and Sarah Morland; Editing by Mark Potter and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Ralph Tedy Erol, Kale, Human Rights Ravina Shamdasani, Serge Dalexis, Prince, Dalexis, Shamdasani, Isabel Woodford, Sarah Morland, Mark Potter, Sandra Maler Organizations: Carrefour, REUTERS, United Nations, Human Rights, Carrefour Feuilles, Food, Thomson Locations: Carrefour Feuilles, Port, Prince, Haiti, Haiti's, Kenya

☆ Poles get a peek of the past in Warsaw as old streets uncovered
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

Acquire Licensing Rights Read moreWARSAW, Aug 18 (Reuters) - Construction work on a flagship new square in Warsaw captured a glimpse of the Polish capital's past when builders uncovered the remains of long-lost streets buried underground. Central Square will reflect the layout of the old streets that criss-crossed the area until the 1950s, the city council says. "These rooms were used by the dignitaries so that after speeches they could go and refresh themselves, relax," said Pienkos. "During the building work we have a chance to look into this underground space, maybe for the last time. Reporting by Alan Charlish and Kacper Pempel; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Joseph Stalin ., Mikolaj, Alan Charlish, Susan Fenton Organizations: of Culture, Socialist, Warsaw, Parade, Builders, Labour, Thomson Locations: of, Warsaw, WARSAW, Polish, Soviet

☆ Magnitude 6.3 quake shakes Colombian capital, buildings evacuated
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

[1/3] People stand on a street after a strong earthquake shook Colombian capital Bogota, prompting evacuations of offices and restaurants, in Bogota, Colombia, August 17, 2023. REUTERS/Luisa Gonzalez Acquire Licensing RightsBOGOTA, Aug 17 (Reuters) - A strong earthquake struck the Colombian capital Bogota on Thursday, reaching a 6.3 magnitude according to the U.S. Geological Survey, prompting frightened residents to flee homes, offices and restaurants. The initial quake was followed by aftershocks minutes later as people crowded the city's streets. Colombia's national geological service estimated the second quake at a 5.6 magnitude, with the following aftershock measured at 4.8. Colombia's civil defense agency noted residents had been evacuated in the entire municipality of Calvario, in Meta, southeast of the high-altitude capital.

Persons: Luisa Gonzalez, Adrian Alarcon, Julia Symmes Cobb, Oliver Griffin, Sarah Morland, David Alire Garcia, Alistair Bell Organizations: REUTERS, Rights, . Geological Survey, Windows, Thomson Locations: Colombian, Bogota, Colombia, Rights BOGOTA, Calvario, Meta, Villavicencio

☆ Magnitude 6.3 quake shakes Colombian capital, one dead
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Aug 17 (Reuters) - A strong earthquake of 6.3 magnitude struck the Colombian capital Bogota on Thursday, according to the U.S. Geological Survey, prompting frightened residents to flee into the street and leading a woman to fall to her death. There were no immediate reports of major damage from the quake, which Colombia's national geological service reported as a magnitude 6.1. "It was strong, and lasted a long time, said Adrian Alarcon, 43, who works near the capital's busy Park 93 district. [1/5]A Medical personnel of the Primavera clinic helps to evacuate patients after a strong earthquake in Villavicencio, Colombia, August 17, 2023. Colombia's national geological service estimated the second quake at a 5.6 magnitude, with the following aftershock measured at 4.8.

Persons: Adrian Alarcon, Claudia Lopez, Santiago Molina, Lopez, Julia Symmes Cobb, Oliver Griffin, Luis Jaime Acosta, Sarah Morland, David Alire Garcia, Alistair Bell Organizations: . Geological Survey, Primavera, REUTERS, Windows, Thomson Locations: BOGOTA, Colombian, Bogota, Villavicencio, Colombia, Madelena, Calvario

☆ Lux Capital's Josh Wolfe: If labor unions win, it'll be a tailwind for healthcare services
▼ + stars: | 2023-08-17 | 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 EmailLux Capital's Josh Wolfe: If labor unions win, it'll be a tailwind for healthcare servicesCNBC's Morgan Brennan with Josh Wolfe, Lux Capital co-founder, join 'Closing Bell' to discuss the tipping point for health care, AI breakthroughs for biotech, and tailwinds for the sector.

Persons: Josh Wolfe, it'll, CNBC's Morgan Brennan Organizations: Lux Capital

☆ Student loan payments resuming will spark consumer trade downs: Loop Capital's Anthony Chukumba
▼ + stars: | 2023-08-17 | 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 EmailStudent loan payments resuming will spark consumer trade downs: Loop Capital's Anthony ChukumbaAnthony Chukumba, Loop Capital managing director, joins 'The Exchange' to discuss a consumer spending pullback as student loan payments resume, investment opportunities in discount retailers, and shifting employment trends since Covid.

Persons: Anthony Chukumba Anthony Chukumba Organizations: Loop Capital

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